Document:

EX-10.36

 Exhibit 10.36 

CONFIDENTIALITY AND LOCKUP AGREEMENT 

This Confidentiality and Lockup Agreement is dated as of September 15, 2019 and is between Mosaic Acquisition Corp., a Delaware
corporation (“Mosaic”), and each of the stockholder parties identified on Exhibit A hereto and the other persons who enter into a joinder to this Agreement substantially in the form of Exhibit B hereto with the Company in
order to become a “Stockholder Party” for purposes of this Agreement (collectively, the “Stockholder Parties”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the
Stockholders Agreement (as defined below). 
 BACKGROUND: 

WHEREAS, the Stockholder Parties own or will own equity interests in Legacy Vivint and/or Mosaic; 

WHEREAS, Legacy Vivint and Mosaic are executing the Merger Agreement on the date hereof pursuant to which a subsidiary of Mosaic will
merge with and into Legacy Vivint and Mosaic will be renamed Vivint Smart Home, Inc.; 
 WHEREAS, the Stockholder Parties identified
on Exhibit A hereto are also executing the Stockholders Agreement on the date hereof; and 
 WHEREAS, in connection with the Merger
and effective upon the consummation thereof, the parties hereto wish to set forth herein certain understandings between such parties with respect to confidentiality and restrictions on transfer of equity interests in Mosaic. 

NOW, THEREFORE, the parties agree as follows: 

ARTICLE I 
 INTRODUCTORY
MATTERS 
 1.1. Defined Terms. In addition to the terms defined elsewhere herein, the following terms have the following
meanings when used herein with initial capital letters: 
 “Agreement” means this Confidentiality and Lockup
Agreement, as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof. 

“Confidential Information” means any information concerning the Company or its Subsidiaries that is furnished after
the date of this Agreement by or on behalf of the Company or its designated representatives to a Stockholder Party or its designated representatives, together with any notes, analyses, reports, models, compilations, studies, documents, records or
extracts thereof containing, based upon or derived from such information, in whole or in part; provided, however, that Confidential Information does not include information: 

(i) that is or has become publicly available other than as a result of a disclosure by the receiving Stockholder Party or its
designated representatives in violation of this Agreement; 

 (ii) that was already known to the receiving Stockholder Party or its
designated representatives or was in the possession of the receiving Stockholder Party or its designated representatives prior to its being furnished by or on behalf of the Company or its designated representatives; 

(iii) that is received by the receiving Stockholder Party or its designated representatives from a source other than the
Company or its designated representatives, provided that the source of such information was not actually known by the receiving Stockholder Party or designated representative to be bound by a confidentiality agreement with, or other contractual
obligation of confidentiality to, the Company; 
 (iv) that was independently developed or acquired by the receiving
Stockholder Party or its designated representatives or on its or their behalf without the violation of the terms of this Agreement; or 

(v) that the receiving Stockholder Party or its designated representatives is required, in the good faith determination of such
receiving Stockholder Party or designated representative, to disclose by applicable Law, regulation or legal process, provided that such receiving Stockholder Party or designated representative takes reasonable steps to minimize the extent of any
such required disclosure, provided further that no such steps to minimize disclosure shall be required where disclosure is made (i) in response to a request by a regulatory or self-regulatory authority or (ii) in connection with a routine
audit or examination by a bank examiner or auditor and such audit or examination does not specifically reference the Company or this Agreement. 

“covered shares” has the meaning set forth in Section 3.1. 

“designated representatives” has the meaning set forth in the Stockholders Agreement. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder, as the same may be amended from time to time. 
 “immediate family” has the meaning set forth in
Section 3.1(b). 
 “Lock-Up Period” has the meaning set forth in
Section 3.1(a). 
 “Non-Recourse Party” has the meaning set forth in
Section 4.16. 
 “Permitted Transferees” means with respect to a Stockholder Party, a Transferee of shares that
agrees to become party to, and to be bound to the same extent as its Transferor by the terms of, this Agreement. 

“shares” has the meaning set forth in the Stockholders Agreement. 

“Stockholder Parties” has the meaning set forth in the Preamble. 

“Stockholders Agreement” means the Stockholders Agreement, dated as of September 15, 2019, by and among Legacy
Vivint, Mosaic and the other parties thereto. 

  
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 “Stockholders Agreement Parties” means the “Stockholder
Parties” as defined in the Stockholders Agreement. 
 1.2. Construction. The language used in this Agreement will be
deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or” is disjunctive but not exclusive,
(b) words in the singular include the plural, and in the plural include the singular, and (c) the words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement refer to this
Agreement as a whole and not to any particular provision of this Agreement, and Section references are to sections of this Agreement unless otherwise specified. 

ARTICLE II 

CONFIDENTIALITY 
 2.1.
Confidentiality. Each Stockholder Party agrees that it will, and will direct its designated representatives to, keep confidential and not disclose any Confidential Information; provided, however, that each Stockholder
Party and its designated representatives may disclose Confidential Information to the Stockholders Agreement Parties and the Stockholder Designees and (a) to its designated representatives or (b) as the Company may otherwise consent in
writing; provided, further, however, that each Stockholder Party agrees to be responsible for any breaches of this Article II by such Stockholder Party’s designated representatives. 

ARTICLE III 
 LOCKUP

 3.1. Lockup. (a) During the period beginning on the effective time of the Merger and continuing to and including
the date that is (i) with respect to the 313 Acquisition Entities (other than BCP Voyager Holdings LP and its Permitted Transferees), six (6) months after the Closing Date and (ii) Stockholder Parties other than the 313 Acquisition
Entities (but including BCP Voyager Holdings LP and its Permitted Transferees), one (1) year after the Closing Date (in each case, the “Lock-Up Period”), each Stockholder Party
agrees not to, directly or indirectly, offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any shares, or any options or warrants to purchase any shares, or any securities convertible
into, exchangeable for or that represent the right to receive shares, or any interest in any of the foregoing, whether now owned or hereinafter acquired, owned directly by the undersigned (including holding as a custodian) or with respect to which
the undersigned has beneficial ownership within the rules and regulations of the U.S. Securities and Exchange Commission (collectively, the “covered shares”). The foregoing restriction is expressly agreed to preclude such
Stockholder Parties from engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of the covered shares even if such covered shares would be disposed of by
someone other than such Stockholder Parties. Such prohibited hedging or other transactions would include, without limitation, any short sale or any purchase, sale or grant of any right (including, without limitation, any put or call option) with
respect to any of the covered shares or with respect to any security that includes, relates to, or derives any significant part of its value from such covered shares. 

  
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 (b) Notwithstanding the foregoing, a Stockholder Party may transfer or dispose of its shares
(i) by will or intestacy, (ii) as a bona fide gift or gifts, including to charitable organizations, (iii) to any trust, partnership, limited liability company or other entity for the direct or indirect benefit of the undersigned or
the immediate family of the undersigned (for purposes of this Section 3.1, “immediate family” shall mean any relationship by blood, current or former marriage or adoption, not more remote than first cousin), (iv) to any
immediate family member or other dependent, (v) as a distribution to limited partners, members or stockholders of such Stockholder Party, (vi) to its Affiliated investment fund or other Affiliated entity controlled or managed by such
Stockholder Party or its Affiliates, (vii) to a nominee or custodian of a Person to whom a disposition or transfer would be permissible under clauses (i) through (vi) above, (viii) pursuant to an order or decree of a Governmental
Authority, (ix) from an executive officer to the Company or its Subsidiary or parent entities upon death, disability or termination of employment, in each case, of such executive officer, (x) pursuant to a bona fide third-party tender
offer, merger, consolidation or other similar transaction in each case made to all holders of the shares involving a Change of Control (as defined below) (including negotiating and entering into an agreement providing for any such transaction),
provided that in the event that such tender offer, merger, consolidation or other such transaction is not completed, such Stockholder Party’s shares shall remain subject to the provisions of this Section 3.1, (xi) to the Company
(1) pursuant to the exercise, in each case on a “cashless” or “net exercise” basis, of any option to purchase shares granted by the Company pursuant to any employee benefit plans or arrangements which are set to expire
during the Lock-Up Period, where any shares received by the undersigned upon any such exercise will be subject to the terms of this Section 3.1, or (2) for the purpose of satisfying any withholding
taxes (including estimated taxes) due as a result of the exercise of any option to purchase shares or the vesting of any restricted stock awards granted by the Company pursuant to employee benefit plans or arrangements which are set to expire or
automatically vest during the Lock-Up Period, in each case on a “cashless” or “net exercise” basis, where any shares received by such Stockholder Party upon any such exercise or vesting
will be subject to the terms of this Section 3.1, (xii) with the prior written consent of the Company or (xiii) pursuant to sales or transfers in connection with the exercise of such Stockholder Party’s piggyback rights pursuant to
the Registration Rights Agreement or pursuant to sales or transfers in a sale by 313 Acquisition LLC that is otherwise permitted by this Confidentiality and Lockup Agreement with the Company that 313 Acquisition LLC has structured as a redemption of
interests in 313 Acquisition LLC for the share underlying such interests (including any transfer of shares to the Dunn Holders and the Pedersen Holders in connection with a redemption in lieu of participating in a sale by 313 Acquisition LLC as
described in Exhibit E to the Merger Agreement); provided that: 
 (i) in the case of each transfer or distribution
pursuant to clauses (ii) through (vii) above, (a) each donee, trustee, distributee or transferee, as the case may be, agrees to be bound in writing by the restrictions set forth in this Section 3.1; and (b) any such transfer or
distribution shall not involve a disposition for value, other than with respect to any such transfer or distribution for which the transferor or distributor receives (x) equity interests of such transferee or (y) such transferee’s
interests in the transferor; 

  
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 (ii) in the case of each transfer or distribution pursuant to clauses
(ii) through (vii) above, if any public reports or filings (including filings under Section 16(a) of the Exchange Act) reporting a reduction in beneficial ownership of shares shall be required or shall be voluntarily made during the Lock-Up Period (a) such Stockholder Party shall provide the Company prior written notice informing them of such report or filing and (b) such report or filing shall disclose that such donee, trustee,
distributee or transferee, as the case may be, agrees to be bound in writing by the restrictions set forth herein; 
 (iii)
for purposes of clause (x) above, “Change of Control” shall mean the transfer to or acquisition by (whether by tender offer, merger, consolidation, division or other similar transaction), in one transaction or a series of related
transactions, a Person or group of Affiliated Persons (other than the 313 Acquisition Entities or an underwriter pursuant to an offering), of the Company’s voting securities if, after such transfer or acquisition, such Person or group of
Affiliated Persons would Beneficially Own more than 50% of the outstanding voting securities of the Company (or the surviving entity); 

(iv) any consent granted to a 313 Acquisition Entity pursuant to Section 3.1(b)(xii) of the Confidentiality and Lockup
Agreement to which a 313 Acquisition Entity is party with the Company shall be automatically granted to all Stockholder Parties; and 

(v) any consent granted to a PIPE Holder pursuant to Section 3.1(b)(xii) of the Confidentiality and Lockup Agreement to
which a PIPE Holder is party with the Company shall be automatically granted to all PIPE Holders. 
 (c) Each Stockholder Party shall be
permitted to enter into a trading plan established in accordance with Rule 10b5-1 under the Exchange Act during the applicable Lock-Up Period so long as no transfers or
other dispositions of such Stockholder Party’s shares in contravention of Section 3.1 are effected prior to the expiration of the applicable Lock-Up Period. 

(d) Each Stockholder Party also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and
registrar against the transfer of the covered shares except in compliance with the foregoing restrictions and to the addition of a legend to such Stockholder Party’s shares describing the foregoing restrictions. 

(e) Notwithstanding anything to the contrary in this Section 3.1 other than clauses (vi), (viii) and (x) of Section 3.1(b),
which shall nevertheless apply, during the period beginning on the effective time of the Merger and continuing to and including the date that is one (1) year after the Closing Date, Blackstone shall not transfer or dispose of its shares as a
distribution to any of its limited partners, members, stockholders or other equity holders. 
 ARTICLE IV 

GENERAL PROVISIONS 
 4.1.
Termination. Subject to Section 4.14 or the early termination of any provision as a result of an amendment to this Agreement agreed to by the Board and the Stockholder Parties, as provided under Section 4.3, this Agreement
(other than Article IV hereof), shall terminate with respect to each Stockholder Party and its Permitted Transferees at such time as such Stockholder Party and its Permitted Transferees collectively Beneficially Own less than 5% of the outstanding
shares; provided that this Agreement shall not terminate with respect to any Stockholder Party or Permitted Transferee thereof subject to the restrictions in Section 3.1, until such time as such Stockholder Party or Permitted Transferee
is no longer subject to the restrictions contained in Section 3.1. 

  
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 4.2. Notices. Any notice, designation, request, request for consent or consent
provided for in this Agreement shall be in writing and shall be either personally delivered, or mailed first class mail (postage prepaid) or sent by reputable overnight courier service (charges prepaid) to the Company at the address set forth below
and to any other recipient at the address indicated on the Company’s records, or at such address or to the attention of such other Person as the recipient party has specified by prior written notice to the sending party. Notices will be deemed
to have been given hereunder when sent by facsimile (receipt confirmed) or delivered personally, five (5) days after deposit in the U.S. mail and one (1) day after deposit with a reputable overnight courier service. 

The Company’s address is: 

Vivint Smart Home, Inc. 
 4931
North 300 West 
 Provo, Utah 84604 

Attention: Chief Legal Officer 

with a copy (not constituting notice) to: 

Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 
 New York,
NY 10017 
 Attention: Igor Fert, Esq. 

Fax: (212) 455-2502 

If to any Stockholder Party, to such address as such Stockholder Party shall furnish to the Company in writing. 

4.3. Amendment; Waiver. (a) The terms and provisions of this Agreement may be modified or amended only with the written
approval of the Company and Stockholder Parties holding a majority of the shares then held by the Stockholder Parties in the aggregate as to which this Agreement has not been terminated pursuant to Section 4.1; provided, however, that in
the event the Company agrees to modify or amend the Confidentiality and Lockup Agreement of any other Stockholders Agreement Party in any manner that would benefit such Stockholders Agreement Party, then the Company shall also offer to modify or
amend this Agreement in a similar manner. Prior to the consummation of the Merger, this Agreement may not be amended without the prior written consent of Legacy Vivint. 

(b) Except as expressly set forth in this Agreement, neither the failure nor delay on the part of any party hereto to exercise any right,
remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy power or privilege preclude any other or further exercise of the same or of any other right, remedy,
power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. 

  
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 (c) No party shall be deemed to have waived any claim arising out of this Agreement, or any
right, remedy, power or privilege under this Agreement, unless the waiver of such claim, right, remedy, power or privilege is expressly set forth in a written instrument duly executed and delivered on behalf of such party; and any such waiver shall
not be applicable or have any effect except in the specific instance in which it is given. 
 (d) Any party hereto may unilaterally waive
any of its rights hereunder in a signed writing delivered to the Company. 
 4.4. Further Assurances. The parties hereto will
sign such further documents, cause such meetings to be held, resolutions passed, exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give full effect to this Agreement
and every provision hereof. To the fullest extent permitted by Law, the Company shall not directly or indirectly take any action that is intended to, or would reasonably be expected to result in, the 313 Acquisition Entities being deprived of the
rights contemplated by this Agreement. 
 4.5. Assignment. This Agreement may not be assigned without the express prior
written consent of the other parties hereto, and any attempted assignment, without such consents, will be null and void; provided, however, that, without the prior written consent of any other party hereto, any 313 Acquisition Entity
may assign its rights and obligations under this Agreement, in whole or in part, to any Transferee of shares, in each case, so long as such Transferee, if not already a party to this Agreement, executes and delivers to the Company a joinder to this
Agreement evidencing its agreement to become a party to and to be bound by certain or all, as applicable, of the provisions of this Agreement as a Stockholder Party hereunder, whereupon such Transferee shall be deemed a “Stockholder Party”
and, at the option of the transferring 313 Acquisition Entity, a “313 Acquisition Entity”, whereupon such Transferee shall also be deemed a “313 Acquisition Entity”. This Agreement will inure to the benefit of and be binding on
the parties hereto and their respective successors and permitted assigns. 
 4.6. Third Parties. Except as provided for in
Article II, Article III and Article IV with respect to any 313 Acquisition Entity or Non-Recourse Party, this Agreement does not create any rights, claims or benefits inuring to any person that is not a party
hereto nor create or establish any third party beneficiary hereto. 
 4.7. Governing Law. THIS AGREEMENT AND ITS ENFORCEMENT
AND ANY CONTROVERSY ARISING OUT OF OR RELATING TO THE MAKING OR PERFORMANCE OF THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

4.8. Jurisdiction; Waiver of Jury Trial. Each party hereto hereby (i) agrees that any action, directly or indirectly,
arising out of, under or relating to this Agreement shall exclusively be brought in and shall exclusively be heard and determined by either the Supreme Court of the State of New York sitting in Manhattan or the United States District Court for the
Southern District of New York, and (ii) solely in connection with the action(s) contemplated by subsection (i) hereof, (A) irrevocably and unconditionally consents and submits to the exclusive jurisdiction

  
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of the courts identified in subsection (i) hereof, (B) irrevocably and unconditionally waives any objection to the laying of venue in any of the courts identified in clause (i) of this
Section 4.8, (C) irrevocably and unconditionally waives and agrees not to plead or claim that any of the courts identified in such clause (i) is an inconvenient forum or does not have personal jurisdiction over any party hereto, and
(D) agrees that mailing of process or other papers in connection with any such action in the manner provided herein or in such other manner as may be permitted by applicable law shall be valid and sufficient service thereof. EACH PARTY HERETO
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM OR ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. 

4.9. Specific Performance. Each party hereto acknowledges and agrees that in the event of any breach of this Agreement by any of
them, the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees to waive the defense in any action for specific performance that a remedy at law would be adequate and that the
parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to specific performance of this Agreement without the posting of a bond. 

4.10. Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto with respect to the subject
matter hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof other than those expressly set forth herein. This Agreement supersedes all other prior agreements and
understandings between the parties with respect to such subject matter. 
 4.11. Severability. If any provision of this
Agreement, or the application of such provision to any Person or circumstance or in any jurisdiction, shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby, and each other
provision hereof shall be valid and enforceable to the fullest extent permitted by Law, (ii) as to such Person or circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted
by Law and (iii) the application of such provision to other Persons or circumstances or in other jurisdictions shall not be affected thereby. 

4.12. Table of Contents, Headings and Captions. The table of contents, headings, subheadings and captions contained in this
Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the intent of any provision hereof. 

4.13. Counterparts. This Agreement and any amendment hereto may be signed in any number of separate counterparts, each of which
shall be deemed an original, but all of which taken together shall constitute one agreement (or amendment, as applicable). 
 4.14.
Effectiveness; Termination of Existing Stockholders and Securityholders Agreements. This Agreement shall be valid and enforceable as of the date of this Agreement and may not be revoked by any party hereto;
provided that the provisions herein (other than this Article IV) shall not be effective until the consummation of the Merger. In the event the Merger Agreement is terminated in accordance with its terms, this Agreement shall
automatically terminate and be of no further force or effect. 

  
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 4.15. No Recourse. This Agreement may only be enforced against, and any claim
or cause of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, the transactions contemplated hereby or the subject matter hereof may only be made against the
parties hereto and no past, present or future Affiliate, director, officer, employee, incorporator, member, manager, partner, shareholder, agent, attorney or representative of any party hereto or any past, present or future Affiliate, director,
officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability
for any obligations or liabilities of the parties to this Agreement or for any claim based on, in respect of, or by reason of, the transactions contemplated hereby. Without limiting the rights of any party against the other parties hereto, in no
event shall any party or any of its Affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement against, or seek to recover monetary damages from, any Non-Recourse Party.

 [Remainder of Page Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Confidentiality and Lockup
Agreement on the day and year first above written. 
  

			
	MOSAIC ACQUISITION CORP.
		
	By:	 	/s/ David M. Maura
	Name:	 	David M. Maura
	Title:	 	Chairman, President and Chief Executive Officer

  
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	313 ACQUISITION LLC
		
	By:	 	/s/ Alex J. Dunn
	Name:	 	Alex J. Dunn
	Title:	 	President

  
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	BLACKSTONE CAPITAL PARTNERS VI L.P.
		
		 	By: BLACKSTONE MANAGEMENT ASSOCIATES VI L.L.C., its general partner
		 	By: BMA VI L.L.C., its sole member
		
	By:	 	/s/ Peter Wallace
		 	Name: Peter Wallace
		 	Title: Senior Managing Director

  
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	BLACKSTONE FAMILY INVESTMENT PARTNERSHIP VI – ESC L.P.
		
		 	By: BCP VI SIDE-BY SIDE GP L.L.C. its general partner
		
	By:	 	/s/ Peter Wallace
		 	Name: Peter Wallace
		 	Title: Senior Managing Director

  
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	BLACKSTONE FAMILY INVESTMENT PARTNERSHIP VI L.P.
		
		 	By: BCP VI SIDE-BY SIDE GP L.L.C. its general partner
		
	By:	 	/s/ Peter Wallace
		 	Name: Peter Wallace
		 	Title: Senior Managing Director

  
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	BLACKSTONE VNT CO-INVEST L.P.
		
		 	By: BLACKSTONE MANAGEMENT
ASSOCIATES VI L.L.C., its general partner
		 	By: BMA VI L.L.C., its sole member
		
	By:	 	/s/ Peter Wallace
		 	Name: Peter Wallace
		 	Title: Senior Managing Director

  
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	BCP VOYAGER HOLDINGS LP
		
		 	By: BLACKSTONE MANAGEMENT
ASSOCIATES VI L.L.C., its general partner
		 	By: BMA VI L.L.C., its sole member
		
	By:	 	/s/ Peter Wallace
		 	Name: Peter Wallace
		 	Title: Senior Managing Director

  
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 Exhibit A 

313 Acquisition LLC 
 BCP Voyager Holdings LP 

Blackstone Capital Partners VI L.P. 
 Blackstone VNT Co-Invest L.P. 
 Blackstone Family Investment Partnership VI – ESC L.P. 

Blackstone Family Investment Partnership VI L.P. 

  
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 Exhibit B 

FORM OF JOINDER TO CONFIDENTIALITY AND LOCKUP AGREEMENT 

[______], 20__ 
 Reference is made to the
Confidentiality and Lockup Agreement, dated as of September 15, 2019, by and between Mosaic Acquisition Corp., 313 Acquisition LLC, BCP Voyager Holdings LP, Blackstone Capital Partners VI L.P., Blackstone VNT
Co-Invest L.P., Blackstone Family Investment Partnership VI – ESC L.P., Blackstone Family Investment Partnership VI L.P. and the other Stockholder Parties (as defined therein) from time to time party
thereto (as amended from time to time, the “Confidentiality and Lockup Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Confidentiality and Lockup Agreement.

 Each of the Company and each undersigned holder of shares of the Company (each, a “New Stockholder Party”) agrees that this Joinder to
the Confidentiality and Lockup Agreement (this “Joinder”) is being executed and delivered for good and valuable consideration. 
 Each
undersigned New Stockholder Party hereby agrees to and does become party to the Confidentiality and Lockup Agreement as a Stockholder Party. This Joinder shall serve as a counterpart signature page to the Confidentiality and Lockup Agreement and by
executing below each undersigned New Stockholder Party is deemed to have executed the Confidentiality and Lockup Agreement with the same force and effect as if originally named a party thereto. 

This Joinder may be executed in multiple counterparts, including by means of facsimile or electronic signature, each of which shall be deemed an original, but
all of which together shall constitute the same instrument. 
 [Remainder of Page Intentionally Left Blank.] 

  
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 IN WITNESS WHEREOF, the undersigned have duly executed this joinder as of the date first set forth above.

  

			
	[NEW STOCKHOLDER PARTY]

 
			
		
	By:	 	  

		 	Name:
		 	Title

 
			
	
	[COMPANY]

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 19Exhibit 10.1

 

THE
EXCHANGE CONTEMPLATED HEREIN IS INTENDED TO COMPORT WITH THE REQUIREMENTS OF SECTION 3(a)(9) OF THE SECURITIES ACT OF 1933, AS
AMENDED.

 

EXCHANGE
AGREEMENT

 

This
Exchange Agreement (this “Agreement”) is entered into as of September 19, 2019 by and between Iliad Research
and Trading, L.P., a Utah limited partnership (“Lender”), and China Recycling Energy Corporation, a Nevada
corporation (“Borrower”). Capitalized terms used in this Agreement without definition shall have the meanings
given to them in the Exchange Note (defined below).

 

A.
Borrower previously sold and issued to Lender that certain Convertible Promissory Note dated January 31, 2019 in the original
principal amount of $1,050,000.00 (the “Original Note”) pursuant to that certain Securities Purchase Agreement
dated January 31, 2019 by and between Lender and Borrower (the “Purchase Agreement”).

 

B.
Pursuant to an Exchange Agreement dated April 14, 2019 (the “Exchange Agreement”), Borrower and Lender exchanged
the Original Note for a new Promissory Note in the original principal amount of $1,173,480.00 (the “Exchange Note,”
and together with the Exchange Agreement and all other documents entered into in conjunction therewith, the “Exchange
Documents”).

 

C.
Subject to the terms of this Agreement, Borrower and Lender desire to partition a new Promissory Note in the original principal
amount of $202,000.00 (the “Partitioned Note”) from the Exchange Note and then cause the outstanding balance
of the Exchange Note to be reduced by an amount equal to the initial outstanding balance of the Partitioned Note.

 

D.
Borrower and Lender further desire to exchange (such exchange is referred to as the “Note Exchange”) the Partitioned
Note for the delivery of 404,000 shares of the Company’s Common Stock, par value $0.001 (the “Common Stock,”
and such 404,000 shares of Common Stock, the “Exchange Shares”), according to the terms and conditions of this
Agreement.

 

E.
The Note Exchange will consist of Lender surrendering the Partitioned Note in exchange for the Exchange Shares, which will be
issued free of any restrictive securities legend pursuant to Rule 144. Other than the surrender of the Partitioned Note, no consideration
of any kind whatsoever shall be given by Lender to Borrower in connection with this Agreement.

 

F.
Lender and Borrower now desire to exchange the Partitioned Note for the Exchange Shares on the terms and conditions set forth
herein.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree
as follows:

 

1.
Recitals and Definitions. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this
Agreement are true and accurate, are contractual in nature, and are hereby incorporated into and made a part of this Agreement.

 

    1

     

    

 

2. Partition.
Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Exchange
Note. Following such partition of the Exchange Note, Borrower and Lender agree that the Exchange Note shall remain in full
force and effect, provided that the outstanding balance of the Exchange Note shall be reduced by an amount equal to
the initial outstanding balance of the Partitioned Note.

 

3. Issuance
of Shares. Pursuant to the terms and conditions of this Agreement, the Exchange Shares shall be delivered to Lender on or
before September 23, 2019 and the Note Exchange shall occur with Lender surrendering the Partitioned Note to Borrower on the
Free Trading Date (as defined below). On the Free Trading Date, the Partitioned Note shall be cancelled and all
obligations of Borrower under the Partitioned Note shall be deemed fulfilled. All Exchange Shares delivered hereunder shall
be delivered via DWAC to Lender’s designated brokerage account. Subject to the securities laws and regulations,
Borrower agrees to provide all necessary cooperation or assistance that may be required to cause all Exchange Shares
delivered hereunder to become Free Trading (the first date such occurs, the “Free Trading Date”). For
purposes hereof, the term “Free Trading” means that (a) the Exchange Shares have been cleared and approved
for public resale by the compliance departments of Lender’s brokerage firm and the clearing firm servicing such
brokerage, and (b) such shares are held in the name of the clearing firm servicing Lender’s brokerage firm and have
been deposited into such clearing firm’s account for the benefit of Lender.

 

4. Closing.
The closing of the transaction contemplated hereby (the “Closing”) along with the delivery of the Exchange
Shares to Lender shall occur on the date that is mutually agreed to by Borrower and Lender by means of the exchange by email
of .pdf documents, but shall be deemed to have occurred at the offices of Hansen Black Anderson Ashcraft PLLC in
Lehi, Utah.

 

5. Holding
Period, Tacking and Legal Opinion. Lender and Borrower agree that for the purposes of Rule 144
(“Rule 144”) of the Securities Act of 1933, as amended (the “Securities Act”), the
holding period of the Partitioned Note and the Exchange Shares will include Lender’s holding period of the Exchange
Note from January 31, 2019, which date is the date that the Original Note was originally issued. Borrower agrees not to take
a position contrary to this Section 5 in any document, statement, setting, or situation. Borrower agrees to take all action
necessary to issue the Exchange Shares without restriction, and not containing any restrictive legend without the need for
any action by Lender; provided that the applicable holding period has been met. In furtherance thereof, prior to the Closing,
counsel to Lender may, in its sole discretion, provide an opinion that: (a) the Exchange Shares may be resold pursuant to
Rule 144 without volume or manner-of-sale restrictions or current public information requirements; and (b) the transactions
contemplated hereby and all other documents associated with this transaction comport with the requirements of Section 3(a)(9)
of the Securities Act. Borrower represents that it is in full compliance with the tests and standards set forth in Rule
144(i)(2) as of the date of this Agreement. The Exchange Shares are being issued in substitution of and exchange for and not
in satisfaction of the Partitioned Note. The Exchange Shares shall not constitute a novation or satisfaction and accord of
the Partitioned Note. Borrower acknowledges and understands that the representations and agreements of Borrower in this
Section 5 are a material inducement to Lender’s decision to consummate the transactions contemplated herein.

 

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6. Representations,
Warranties and Agreements of Borrower. In order to induce Lender to enter into this Agreement, Borrower, for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a) Borrower has
full power and authority to enter into this Agreement and to incur and perform all obligations and covenants
contained herein, all of which have been duly authorized by all proper and necessary action, (b) no consent, approval, filing
or registration with or notice to any governmental authority is required as a condition to the validity of this Agreement or
the performance of any of the obligations of Borrower hereunder, (c) except as specifically set forth herein, nothing herein
shall in any manner release, lessen, modify or otherwise affect Borrower’s obligations under the Exchange Note, (d) the
issuance of the Exchange Shares is duly authorized by all necessary corporate action and the Exchange Shares are validly
issued, fully paid and non-assessable, free and clear of all taxes, liens, claims, pledges, mortgages, restrictions,
obligations, security interests and encumbrances of any kind, nature and description, (e) Borrower has not received any
consideration in any form whatsoever for entering into this Agreement, other than the surrender of the Partitioned Note, and
(f) Borrower has taken no action which would give rise to any claim by any person for a brokerage commission, placement agent
or finder’s fee or other similar payment by Borrower related to this Agreement.

 

7. Representations, Warranties and Agreements of Lender. In order to induce Borrower to enter into this Agreement, Lender,
for itself, and for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a)
Lender has full power and authority to enter into this Agreement and to incur and perform all obligations and covenants contained
herein, all of which have been duly authorized by all proper and necessary action, and (b) no consent, approval, filing or registration
with or notice to any governmental authority is required as a condition to the validity of this Agreement or the performance of
any of the obligations of Lender hereunder.

 

8. Arbitration.
By its execution of this Agreement, each party agrees to be bound by the Arbitration Provisions (as defined in the Purchase
Agreement) set forth as an exhibit to the Purchase Agreement and the parties agree to submit all Claims (as defined in the
Purchase Agreement) arising under this Agreement or any Transaction Document or other agreement between the parties and their
affiliates to binding arbitration pursuant to the Arbitration Provisions.

 

9. Governing
Law; Venue. This Agreement shall be construed and enforced in accordance with, and all questions concerning
the construction, validity, interpretation and performance of this Agreement shall be governed by, the internal laws of the
State of Utah, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Utah
or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Utah.
The provisions set forth in the Purchase Agreement to determine the proper venue for any disputes are incorporated herein by
this reference. BORROWER HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR
THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
CONTEMPLATED HEREBY.

 

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10. Counterparts.
This Agreement may be executed in any number of counterparts with the same effect as if all signing parties had signed the
same document. All counterparts shall be construed together and constitute the same instrument. The exchange of copies of
this Agreement and of signature pages by facsimile transmission or other electronic transmission (including email)
shall constitute effective execution and delivery of this Agreement as to the parties and may be used in lieu of the original
Agreement for all purposes. Signatures of the parties transmitted by facsimile transmission or other electronic transmission
(including email) shall be deemed to be their original signatures for all purposes.

 

11.
Attorneys’ Fees. In the event of any arbitration or action at law or in equity to enforce or interpret the terms
of this Agreement, the prevailing party shall therefore be entitled to an additional award of the full amount of the attorneys’
fees and expenses paid by such prevailing party in connection with the arbitration, litigation and/or dispute without reduction
or apportionment based upon the individual claims or defenses giving rise to the fees and expenses. Nothing herein shall restrict
or impair an arbitrator’s or a court’s power to award fees and expenses for frivolous or bad faith pleading.

 

12.
No Reliance. Each party acknowledges and agrees that neither the other party nor any of such other party’s officers,
directors, members, managers, equity holders, representatives or agents has made any representations or warranties to the party
or any of its agents, representatives, officers, directors, or employees except as expressly set forth in this Agreement and the
Exchange Documents and, in making its decision to enter into the transactions contemplated by this Agreement, the party is not
relying on any representation, warranty, covenant or promise of the other party or such other party’s officers, directors,
members, managers, equity holders, agents or representatives other than as set forth in this Agreement.

 

13.
Severability. If any part of this Agreement is construed to be in violation of any law, such part shall be modified to
achieve the objective of the parties to the fullest extent permitted and the balance of this Agreement shall remain in full force
and effect.

 

14.
Entire Agreement. This Agreement, together with the Exchange Documents, and all other documents referred to herein, supersedes
all other prior oral or written agreements between Borrower, Lender, its affiliates and persons acting on its behalf with respect
to the matters discussed herein, and this Agreement and the instruments referenced herein contain the entire understanding of
the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither
Lender nor Borrower makes any representation, warranty, covenant or undertaking with respect to such matters.

 

15.
Amendments. This Agreement may be amended, modified, or supplemented only by written agreement of the parties. No provision
of this Agreement may be waived except in writing signed by the party against whom such waiver is sought to be enforced.

 

16.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and assigns. This Agreement or any of the severable rights and obligations inuring to the benefit of or to be performed
by Lender hereunder may be assigned by Lender to a third party, including its financing sources, in whole or in part. Neither
party shall assign this Agreement or any of its obligations herein without the prior written consent of the other party.

 

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17.
Continuing Enforceability; Conflict Between Documents. Except as otherwise modified by this Agreement, the Exchange Note
and each of the other Exchange Documents shall remain in full force and effect, enforceable in accordance with all of its original
terms and provisions. This Agreement shall not be effective or binding unless and until it is fully executed and delivered by
Lender and Borrower. If there is any conflict between the terms of this Agreement, on the one hand, and the Exchange Note or any
other Transaction Document, on the other hand, the terms of this Agreement shall prevail.

 

18.
Time of Essence. Time is of the essence with respect to each and every provision of this Agreement.

 

19.
Notices. Unless otherwise specifically provided for herein, all notices, demands or requests required or permitted under
this Agreement to be given to Borrower or Lender shall be given as set forth in the “Notices” section of the Purchase
Agreement.

 

20.
Further Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably
request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

[Remainder
of page intentionally left blank]

 

    5

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above.

 

	 	COMPANY:
	 	 	 	 
	 	CHINA
    RECYCLING ENERGY CORPORATION
	 	 	 	 
	 	By:
    	/s/Guohua Ku
	 	Name:
    	Guohua Ku
	 	Title:
    	Chairman and Chief Executive Officer
	 	 	 	 
	 	LENDER:
	 	 	 	 
	 	ILIAD
    RESEARCH AND TRADING, L.P.
	 	 	 	 
	 	By:
    Iliad Management, LLC, its General Partner 
	 	 	 	 
	 	 	By:
    Fife Trading, Inc., its Manager
	 	 	 	 
	 	 	     By:	/s/John
    Fife
	 	 	 	John
    M. Fife, President

 

 

 

[Signature
Page to Exchange Agreement]

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