Document:

Exhibit
10.27 

 

CONFIDENTIALITY AND
RESTRICTIVE COVENANT AGREEMENT

 

This
Confidentiality and Restrictive Covenant Agreement ("CRC Agreement") is made and effective this 5th day of October, 2020,
by and between Rush Street Interactive L.P., a Delaware limited partnership (the "Company"), and Kyle L. Sauers ("Executive").
Executive and the Company are collectively referred to as the "Parties" or each individually as a "Party."

 

Executive
understands and acknowledges as follows: (a) the on-line gaming industry is highly competitive, operates internationally and, in
many instances, the success of the Company depends on hiring and training talented employees, effective financial and strategic
planning, highly developed and targeted marketing, superior operational knowledge and execution, and extraordinary client development
and relationship management; (b) the Company spends significant resources to be a market leader with respect to all of these foundations
to its business and, in doing so, creates and protects a great deal of Confidential Information (as defined below) about its methods,
operations and customers; and (c) as a result of Executive's employment with the Company, Executive has been and will continue
to be exposed to such confidential information and developed relationships and to use them to advance the Company's interests in
parallel with the Executive's interests while working for the Company.

 

As
such, Executive acknowledges that Executive is executing this CRC Agreement in consideration for valuable consideration, including
without limitation, a significant sign-on award as set forth in Executive's October 5, 2020
offer of employment the Company, Executive's opportunity to access and use the Company's resources, including its Confidential
Information in furtherance of the Executive's continued employment with the Company and Executive's opportunity to be considered
for salary increases, discretionary bonuses, and other benefits.

 

Executive
acknowledges that, but for Executive's signing of this CRC Agreement, Executive would not receive the consideration set forth in
this CRC Agreement. Therefore, in consideration of the mutual promises and obligations set forth in
this CRC Agreement, the Company and Executive, both intending to be legally bound, agree to protect the Company's Confidential
Information and acknowledged legitimate business interests as set forth in this CRC Agreement.

 

		l.	Protection of Confidential Information.

 

(a)       The
Parties acknowledge and agree that the Company is an online, social and land- based gaming platform supplier and operator
that is currently operating, supplying and developing regulated online gaming sites in multiple states and countries. In
addition, the Company works closely with affiliated land-based gaming companies and other gaming assets, including without
limitation gaming companies operating various ''Rivers" branded casinos and entertainment complexes, including those in
operating as of the date of this CRC Agreement in Pittsburgh, Pennsylvania, Des Plaines, Illinois, Philadelphia, Pennsylvania
and Schenectady, New York. Executive acknowledges that during Executive's employment with the Company, Executive may be
exposed to confidential information not only from and about the Company, but also about any or all of these affiliated gaming
companies and from other third parties, including without limitation Stakeholders (as defined below). The Company must, to
protect its interests and investments, and to honor its agreements with others to maintain the confidentiality of its
information, protect all such confidential information from disclosure or use that is not in the interest of the Company. In all
of these regards, through Executive's employment with the Company, Executive will have access to, be provided with and become
familiar with the Company's confidential or proprietary information and trade secrets (collectively, the "Confidential
Information").

 

    Page 1 of 5 

     

    

 

(b)
Confidential Information, as defined in this CRC Agreement, shall include, without limitation, any information and trade secret
related to the Company's and any affiliated companies' finances, operations, performance, research, development and marketing plans,
security and loss control systems and internal controls, legal issues, gaming customer databases and player identification systems,
accounting and financial information (including benchmarks, margins and formulas), business plans, identities and behavior of key
personnel, clients and customers, vendors, suppliers, distributors and consultants, pricing lists and information, advertising
and promotional materials, gaming board submissions, products, services, platforms, software, documentation, know-how, inventions,
processes, workflow, methods and methodologies, formulas, algorithms, drawings, flow charts, technical information, ideas, concepts,
specifications, strategies, plans, training programs (including manuals, handbooks, and internal policies), interactions with and
compiled information about its Stakeholders, and other documents or media that contain any such Confidential Information. Confidential
Information also includes information provided to the Company by Stakeholders that is sensitive, confidential, or proprietary,
including information that is shared with the Company in confidence or with the expectation that it will be protected from disclosure.
Confidential Information shall not include information which: (i) is or becomes part of the public domain through no action or
inaction of Executive; (ii) prior to disclosure under protection of this CRC Agreement or a prior policy or agreement, is properly
within the possession of Executive; or (iii) is obligated to be produced by order of a court of competent jurisdiction or is otherwise
required by law to be publicly disclosed. Executive represents and warrants that Confidential Information is a special and valuable
asset that is developed, protected and owned by the Company, is regularly used in the operation its business and is the subject
of adequate measures including without limitation this CRC Agreement and Company policies and other measures to protect its non-disclosure
and value to the Company.

 

(c)      
The Parties acknowledge that Confidential Information can exist in any form, including oral or written statements, information
remembered, information stored electronically and information embodied in objects or processes. Except as required in the course
of Executive's employment in furtherance of Company's interests, Executive will not use or disclose Confidential Information to
any person, firm, corporation, association or other entity for any reason or purpose whatsoever during or after the term of Executive1s
employment with Company, provided that such Confidential Information, unless in the form of a trade secret of the Company or is
subject to a separate, written confidentiality undertaking of the Company, shalt no longer be protectable under this CRC Agreement
on the date three years after the date of the termination of Executive's last day of employment with the Company.

 

(d)      
Upon termination of employment with the Company for any reason, Executive shall promptly deliver to the Company the originals
and copies of all Confidential Information and all other documents or materials in Executive's possession that relate to the Company
or Executive's employment by the Company and any services Executive has provided to the Company or any other entity affiliated
with the Company from whom Executive receives Confidential Information or compensation for providing services. Executive agrees
to maintain the integrity of all electronically or magnetically stored information and agrees not to alter, delete, damage or otherwise
destroy such information before returning it to the Company.

 

(e)       Executive
is hereby notified in accordance with the Defend Trade Secrets Act of 2016 that
Executive will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a
trade secret that (i) is made (A) in confidence to a federal, state, or local government
official, either directly or indirectly, or to Executive's attorney, and (B) solely for the purpose of reporting or
investigating a suspected violation of law; or (ii) is made in a complaint or other document that is filed under seal in a
lawsuit or other administrative agency proceeding. Executive is further notified that if Executive files a lawsuit for
retaliation by the Company for reporting a suspected
violation of law, Executive may disclose the Company's trade secrets to Executive's attorney and use the trade secret
information in the court proceeding if Executive: (x) files any document containing the trade secret under seal; and (y) does
not disclose the trade secret, except pursuant to court order.

 

    Page 2 of 5 

     

    

 

2.      
Non-Solicitation and Non-Disparagement. During Executive's employment with the Company and for a period eighteen
months thereafter, Executive shall not, without prior written permission of the Company, either directly or indirectly, for
Executive or on behalf of any other person or entity:

 

(a)      
solicit, communicate with, induce, entice, or contact any of the Company's clients and customers (i)
with whom Executive worked or to or for whom Executive provided services, (ii) whose identity
Executive learned as a result of Executive's employment with the Company, or (iii) about whom the Company compiled Confidential
Information to which Executive had access, or vendors, regulators, investors, advisors, representatives, directors, consultants,
or independent contractors (each, a "Stakeholder") in any manner that is intended to or is reasonably likely to
have the effect of being detrimental to the Company's or any of its affiliates' interests, including without limitation
any attempt to get any Stakeholder to cease doing business with the Company or any of its affiliates;

 

(b)     
request, canvass, advise or induce any individual or entity, including any Stakeholder, to discontinue, withdraw, decrease,
limit or cancel, as applicable, its business, relationship, employment or patronage of or with the Company or any of the Company's
affiliates;

 

(c)      
employ, hire, retain, attempt to hire or otherwise engage the services of, identify or solicit for the sake of hiring, or
otherwise obtain the services of any employee, consultant, contractor, investor, advisor, agent, representative, or director of
the Company who has (i) worked directly with or for Executive at
the Company or (ii) served as any supervisor or manager of Executive at the Company during Executive's employment by the Company
at any time within twelve months of the date of Executive's termination for any reason or of any action by or of Executive
that violates any aspect of this CRC Agreement; or

 

(d)     
make statements or take actions that disparage or are reasonably likely to have the effect of disparaging or being detrimental
to the Company or any of its affiliates, including without limitation by making statements to the media or press, on publically
accessible internet sites or in any other public forum.

 

(e)      
Nothing in paragraph two shall prohibit Executive's inadvertent contact of a Stakeholder by virtue of a mass communication
or advertisement that is not directed by Executive to individuals employed at the Company or by a communication that is not otherwise
intended to circumvent the restrictions of this CRC Agreement, such as in the case of a newspaper or internet job posting generally
soliciting candidates for employment.

 

3.      
Covenant Not to Compete. During Executive's employment with the Company and for a period of eighteen months
thereafter, Executive shall not provide any Services (as defined below) directly or indirectly, whether as fill
employee or in any other capacity, including without limitation as a service provider, advisor, contractor, consultant,
owner, shareholder, member, or by otherwise working for any person or entity that is a Competing Business or is development of
any Competing Business as defined below.

 

    Page 3 of 5 

     

    

 

(a)      
 Due to the worldwide access to internet platforms available for competing with the Company's internet-based and online
products, a "Competing Business" shall include each person or entity, regardless of its particular geography,
that is engaged in the following business or activities:

 

            (i)    
operating or supplying an online or internet-based gaming, gambling, sports betting or social gaming platform that competes
in any Protected Area or is in development in any Protected Area
in which the Company or any of its affiliates is licensed, has
applied for a license or has taken material steps toward applying for a license, at the time of Executive's termination through
and including the time period during which any severance owed to Executive has been paid by the Company; or

 

            (ii)    offers any online or
internet-based gaming, gambling, sports betting or social gaming products, platforms, or services (each, an “Online
Offering") to one or more third parties, if such Online Offering competes with the Company's products, platforms or
services in any Protected Area in which the Company or any of its affiliates is licensed, has applied for a license or has
taken material steps toward applying for a license, at the time of Executive's termination through and including the time
period during which any severance owed to Executive has been paid by the Company.

 

(b)      
Definitions. For purposes of this CRC Agreement, a Competing Business or an Online Offering shall be considered
to be "in development" if any person or entity has (a) spent more
than $50,000 or cumulatively more than six months' time planning, designing, researching, or preparing any proposal for licensing
or to begin operations or (b) applied for any gaming license required prior to opening or operating such an establishment. A "Protected
Area" shall include the geographic boundary for which any operating or regulatory gaming license applies in any particular
location, whether a country, state, city or locality. "Services" shall be defined for this CRC Agreement to include services
of the type Executive performed for the Company or its affiliates, directly or through Executive's management or supervision of
others or services that Executive is able to perform due to Executive's access to or review of Confidential Information, during
the twenty-four-month period preceding the date of Executive's termination from the Company. Services shall not include manual
labor or work that was clerical or incidental to any position at the Company. An "affiliate" as used in this CRC
Agreement shall expressly include, without limitation, Rush Street Gaming, LLC, Rush Street Interactive, LLC as well as any other
subsidiary, parent, merger partner or affiliated entity of the Company.

 

4.       Remedies.
Executive understands and acknowledges that the Company would be irreparably injured by Executive's breach of this CRC
Agreement. Executive agrees a breach of this CRC Agreement would entitle the Company to immediate injunctive relief and such
other equitable relief, including without limitation specific performance of this CRC Agreement, in addition to recovery of
any damages, costs, expenses and attorneys' fees. Executive agrees that Executive should not be entitled to benefit from any
breach of any of the restrictions in this CRC Agreement; as such, if Executive breaches any such restriction, the time period
for the relevant restrictive period with relation to such restriction shall be started anew from the later of the last date
of any such breach or, in the event of a court's determination that Executive breached such restriction, the date of any such
judgment. By way of example only, if Executive breaches any non-solicitation provision in this CRC Agreement, Executive shall
be subject to a new eighteen-month restrictive period under paragraph two of this CRC Agreement beginning on the day of
Executive's last act in breach or, in the event of a court's determination that Executive breached such restriction, the date
of such judgment. Similarly, and without limitation, if Executive goes to work for a Competing Business in violation of the
restrictions prohibited by this CRC Agreement, Executive shall be subject to a new
eighteen month restricted period under the terms of paragraph three of this CRC Agreement beginning on the day of Executive's
last act in breach, or, in the event of a court's determination that Executive breached such restriction, the date of such
judgment.

 

    Page 4 of 5 

     

    

 

5.      
Reasonable Restrictions and Remedies. Executive acknowledges, particularly in light of the acknowledged consideration
that Executive received for signing it, that the scope and duration of the restrictions and covenants in this CRC Agreement are
reasonable and fair and are reasonably designed to protect the Company's goodwill, intellectual property and other proprietary
and legitimate business interests. Each covenant in this CRC Agreement shall be severable and independently enforceable. As such,
if a court determines that any restrictive covenant in this CRC Agreement is vague, overbroad, or unenforceable in any respect,
the court is expressly authorized by Executive and the Company to enforce the covenant or restriction to the greatest extent allowable
under applicable law and may modify such covenant or restriction accordingly. In the event Executive's employment with the Company
terminates for any reason, Executive represents and warrants that Executive will be able to earn a livelihood without violating
any covenant or restriction in this CRC Agreement. For example, nothing in this CRC Agreement shall prohibit Executive from (a)
working, without disclosure of any Confidential Information for any retail gaming business that does not have online or internet
gaming or Online Offerings or for any business that is not defined to be a Competing Business as set forth in this CRC Agreement,
including for example any hospitality company, hotel or resort without online gaming or Online Offerings (whether in development
or operational), or (b) acquiring securities representing not more than one percent of the outstanding voting shares of any of
any entity whose shares trade on a national or worldwide securities exchange, including the over-the-counter market. Executive
acknowledges and agrees that breach of this CRC Agreement shall entitle the Company to any relief available to it in
law or in equity, including without limitation the right to seek relief in court to enforce this CRC Agreement notwithstanding
any arbitration agreement between Executive and the Company.

 

6.      
Agreement. Executive acknowledges that Executive has read and understands the provisions of this CRC Agreement
and agrees to be bound by this CRC Agreement. The Parties agree that the laws of the State of Delaware shall govern this CRC Agreement,
without regard to conflict of laws principles. Jurisdiction and venue are limited in any
proceeding by the Company or Executive related to or to enforce or dispute their rights under this CRC Agreement to any court geographically
located in New Castle County, Delaware with said courts to have exclusive, irrevocable jurisdiction and venue over such matters.
Executive hereby waives any objections to the jurisdiction and venue of the courts in or for New Castle County, Delaware including
any objection to personal jurisdiction, venue, or forum non-conveniens, whether under applicable law, 28 U.S.C. §
1404 or any other state or federal statute, or under any agreement signed on a date prior to the date of this CRC Agreement
that provides for a different venue or jurisdiction.

 

7.     
Assignment. The Company shall have the right to assign this CRC Agreement to any successor or assign, or merger
party, in whole or in part, and Executive agrees to be obligated by this CRC Agreement to any successor, assign or surviving entity.
Executive may not assign this CRC Agreement. Any successor to, or assignee of, the Company is an intended third party beneficiary
to this CRC Agreement.

  

	 	Signature:   	/s/ Kyle Sauers
	 	 	Kyle L. Sauers
	 	 
	 	Dated:	 October 5, 2020

 

    Page 5 of 5Exhibit
10.28

 

RECAPITALIZATION
AGREEMENT

 

This
RECAPITALIZATION AGREEMENT (this "Agreement") is entered into as of July 27, 2020, by and among Rush Street Interactive,
L.P., a Delaware limited partnership (the "Company"), Rush Street Interactive GP, LLC, a Delaware limited liability
company (the "General Partner"), and each of the undersigned limited partners of the Company (the "Undersigned
Limited Partners"). Capitalized terms used, but not otherwise defined, in this Agreement shall have the meanings set
forth in the LP Agreement (as defined below); provided that, the terms "Closing", "Closing Date"
and “Company Enterprise Value” shall have the meanings set forth in the Business Combination Agreement (as
defined below).

 

WHEREAS,
the Company has an existing Agreement of Limited Partnership, dated as of December 19, 2019 (as amended from time to time, the
 “LP Agreement”);

 

WHEREAS,
the name of each of the Limited Partners and the class and number of Units of the Company held by each such Limited Partner as
of the date of this Agreement is set forth on Schedule A attached hereto;

 

WHEREAS,
the General Partner and the Limited Partners (collectively, the “Partners”) collectively own all of the issued
and outstanding Units of the Company;

 

WHEREAS,
the Company is entering into that certain Business Combination Agreement, dated as of the date hereof (as it may be amended, supplemented
or restated from time to time in accordance with the terms of such agreement, the "Business Combination Agreement"),
by and among the Company, dMY Technology Group, Inc., a Delaware corporation (“Buyer”), dMY Sponsor, LLC, a
Delaware limited liability company (the “Sponsor”), the sellers signatory thereto (the “Sellers”),
and the General Partner in its capacity as the Sellers’ Representative thereunder;

 

WHEREAS,
in connection with the transactions contemplated by the Business Combination Agreement, the Company, the General Partner and the
Undersigned Limited Partners believe it is in the best interests of the Company and the Partners to effect a recapitalization
of the Company (however structured, the “Recapitalization”) pursuant to which immediately prior to the Closing
on the Closing Date all Preferred Units, Common A-1 Units, Common A-2 Units, Common B-1 Units, and Common B-2 Units held by the
Limited Partners, will be converted into or exchanged for a number of Class A Common Units (as defined in the A&R LP Agreement
(as defined below)) as calculated herein (the “Exchange”);

 

WHEREAS,
for U.S. federal (and applicable state and local) income tax purposes the parties intend for the Recapitalization to be treated
as a recapitalization of the Company pursuant to which no gain or loss is recognized by the Company or the Limited Partners and
following which the Company shall continue as a partnership pursuant to Section 708(a) of the Internal Revenue Code of 1986, as
amended (the “Code”); and

 

WHEREAS,
in connection with the Recapitalization and the transactions contemplated by the Business Combination Agreement, the LP Agreement
will be amended and restated in substantially the form attached hereto as Exhibit A (the “A&R LP Agreement”)
to provide for, among other things, the relative rights, privileges and obligations of the Partners of the Company immediately
after the Recapitalization.

 

     

     

    

 

NOW,
THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the undersigned parties hereto, intending to be legally bound, hereby
agree as follows:

 

1.          Exchange.
Notwithstanding anything to the contrary in the LP Agreement, prior to the Closing, all Preferred Units, Common A-1 Units,
Common A-2 Units, Common B-1 Units and Common B-2 Units held by each Partner shall be exchanged for (whether by merger or
voluntary exchange, as determined by the General Partner) into a number of Class A Common Units calculated by dividing (x)
the amount such Partner would have received in respect of his, her or its Units in a hypothetical liquidation of the Company
as of the Closing Date, based on the Company Enterprise Value and assuming (i) that all of the unvested Units have vested and
(ii) that the aggregate net proceeds of such hypothetical liquidation equal the Company Enterprise Value and are distributed
to the Partners pursuant to Section 5.1 of the LP Agreement, by (y) $10.00. For the avoidance of doubt, the
hypothetical liquidation has been calculated as provided in Section 5.1 of the LP Agreement without regard to A&R LP
Agreement being adopted in connection with the Recapitalization. A schedule of the final number of Class A Common Units to
which each Partner is entitled based on the foregoing is attached hereto as Schedule B attached hereto.

 

2.          Permitted Recapitalization. The Undersigned Limited Partners hereby consent, and waive any rights to object, to the Recapitalization.
Each Undersigned Limited Partner understands that each of the General Partner and the Company is, by its execution and delivery
of the Business Combination Agreement, approving the Business Combination Agreement and the transactions contemplated thereby.
Each Undersigned Limited Partner approves the Company's taking of such actions, and hereby consents, and waives any rights to
object, to the transactions contemplated by the Business Combination Agreement.

 

3.          Affairs of the Company. From and after the Closing Date, the Company will continue to engage in its business activities
and affairs incidental to its existence or required by the A&R LP Agreement and that certain Investor Rights Agreement, dated
as of the Closing Date, by and among the Company, the Limited Partners and the other parties thereto (the “Investor Rights
Agreement”).

 

4.          Tax Treatment. For U.S. federal (and applicable state and local) income tax purposes the parties intend for the Recapitalization
to be treated as a recapitalization of the Company pursuant to which no gain or loss is recognized by the Company or the Limited
Partners and following which the Company shall continue as a partnership pursuant to Section 708(a) of the Code (the “Intended
Tax Treatment”) and shall report the Recapitalization consistent with the Intended Tax Treatment for tax purposes, except
as otherwise required by applicable law.

 

    2

     

    

 

5.          Termination of Agreements. Notwithstanding anything herein to the contrary, in the event the Business Combination Agreement
terminates in accordance with its terms prior to the Closing, (x) this Recapitalization Agreement shall automatically terminate
and be of no further force or effect, without any further action required by the Parties and (y) the LP Agreement shall remain
in full force and effect in accordance with their respective terms. Notwithstanding anything to the contrary herein or in the
LP Agreement, the LP Agreement shall continue to apply in full force and effect until the Closing.

 

6.          Representations
and Warranties. Each of the Parties hereby represents and warrants (severally and not jointly as to itself, himself or herself
only) to the other Parties as follows: (i) if such Party is not an individual, it is duly organized, validly existing and in good
standing under the laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution,
delivery and performance of this Recapitalization Agreement and the consummation of the transactions contemplated hereby are within
such Person’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary
corporate, limited liability company or organizational actions on the part of such Person; (ii) if such Party is an individual,
such Party has full legal capacity, right and authority to execute and deliver this Recapitalization Agreement and to perform
his or her obligations hereunder; (iii) this Recapitalization Agreement has been duly executed and delivered by such Party and,
assuming due authorization, execution and delivery by the other Parties to this Recapitalization Agreement, this Recapitalization
Agreement constitutes a legally valid and binding obligation of such Person, enforceable against such Party in accordance with
the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights
and general principles of equity affecting the availability of specific performance and other equitable remedies); (iv) such Party
has had the opportunity to read the Business Combination Agreement, the Investor Rights Agreement and this Recapitalization Agreement
and has had the opportunity to consult with its tax and legal advisors; (v) such Party has not entered into, and shall not enter
into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder;
(vi) such Party has the direct or indirect interest in all of its, his or her Units as set forth across from such Person’s
name on Schedule A, and there exist no Liens or any other limitation or restriction (including, without limitation, any
restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under the Securities
Act) affecting any such securities, other than pursuant to the LP Agreement, this Recapitalization Agreement or any applicable
securities laws; and (vii) such Party agrees that, absent manifest error, Schedule B and the final number of Class A Common
Units to which such Party is entitled following the Recapitalization as set forth thereon, is accurate and complete in all respects
and binding upon such Party for all purposes set forth herein.

 

7.          Governing
Law. This Recapitalization Agreement, and any claims, controversies or causes of action arising out of this Recapitalization
Agreement (whether sounding in contract, tort or statute), shall be governed by the internal laws of the State of Delaware, without
giving effect to any otherwise applicable principles of choice of laws or conflict of laws, whether of the State of Delaware or
any other jurisdiction.

 

    3

     

    

 

8.          Binding Effect. The provisions of this Recapitalization Agreement shall be binding upon and inure to the benefit of the
respective successors and permitted assigns of the parties to this Recapitalization Agreement.

 

9.          Execution
of Counterparts; Electronic Delivery. This Recapitalization Agreement may be executed in any number of counterparts and by
fax, email or other electronic transmission, each of which when so executed and delivered shall be deemed an original, but all
of which shall together constitute one and the same instrument. No party hereto shall raise the use of a fax machine or email
to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use
of a fax machine or email as a defense to the formation or enforceability of a contract and each party hereto forever waives any
such defense. The words "execution," "signed," "signature," "delivery," and words of like
import in or relating to this Recapitalization Agreement or any document to be signed in connection with this Recapitalization
Agreement shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which
shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the
use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated
hereunder by electronic means.

 

10.        Further
Assurances. The Parties agree to use their respective reasonable best efforts to take, or cause to be taken, all actions and
to do, or cause to be done, and assist and cooperate with the other Parties in doing, all things necessary to complete the transactions
contemplated by this Recapitalization Agreement and the Business Combination Agreement, including, but not limited to completing,
executing and delivering any documents, certificates, instruments and other papers that are necessary for the consummation of
the transactions contemplated by this Recapitalization Agreement and the Business Combination Agreement, including, without limitation,
the Investor Rights Agreement and the Tax Receivables Agreement (as defined in the Business Combination Agreement), in each case,
in substantially the form attached to the Business Combination Agreement.

 

11.        Amendments.
No provision of this Recapitalization Agreement may be amended or modified in whole or in part at any time without the express
written consent of the Company, the General Partner and the Undersigned Limited Partners holding at least a majority of the Units
held by all of the Limited Partners; provided, that any such amendment or modification that adversely and disproportionately
affects any Undersigned Limited Partner, as compared to the other Undersigned Limited Partners, shall require the prior written
consent of such Undersigned Limited Partner so adversely and disproportionately affected.

 

12.        Entire
Agreement. This Recapitalization Agreement, together with the other agreements contemplated hereby, constitutes the entire
agreement among the Parties with respect to the subject matter hereof and supersedes all prior agreements and undertakings, both
written and oral, among the parties with respect to the subject matter hereof.

 

13.        Conflicts.
To the extent any of the terms of this Recapitalization Agreement or the Investor Rights Agreement conflicts with any terms of
the LP Agreement, the parties hereby agree the terms of this Recapitalization Agreement or the Investor Rights Agreement, as applicable,
shall control and supersede any conflicting terms of the LP Agreement.

 

*        *        *        *        *

 

    4

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Recapitalization Agreement as of the date first above written.

 

	 	COMPANY:
	 	 
	 	RUSH STREET INTERACTIVE, L.P.
	 	 
	 	By: Rush Street Interactive GP,
    LLC 

Its: General Partner
	 	 
	 	 
	 	By:  	/s/
    Gregory Carlin
	 	Name: Gregory Carlin
	 	Title: Chief Executive Officer
	 	 
	 	 
	 	GENERAL PARTNER and LIMITED PARTNER:
	 	 
	 	RUSH STREET INTERACTIVE GP, LLC
	 	 
	 	 
	 	By:   	/s/
    Gregory Carlin
	 	Name: Gregory Carlin
	 	Title: Chief Executive Officer

 

[Signature
page to Recapitalization Agreement]

 

     

     

    

 

	 	LIMITED PARTNERS:
	 	 	 
	 	 	 
	 	GREG AND MARCY CARLIN FAMILY
    TRUST
	 	 	 
	 	 	 
	 	By:  	/s/
    Gregory Carlin
	 	Name: Gregory Carlin
	 	Title: Trustee

 

[Signature
page to Recapitalization Agreement]

 

     

     

    

 

	 	LIMITED PARTNERS:
	 	 
	 	 
	 	/s/
    Gregory Carlin
	 	Gregory Carlin

 

[Signature
page to Recapitalization Agreement]

 

     

     

    

 

	 	LIMITED PARTNERS:
	 	 
	 	 
	 	/s/
    Richard Schwartz
	 	Richard Schwartz

 

[Signature
page to Recapitalization Agreement]

 

     

     

    

 

 

	 	LIMITED PARTNERS:
	 	 
	 	 
	 	/s/
    Mattias Stetz
	 	Mattias Stetz

 

[Signature
page to Recapitalization Agreement]

 

     

     

    

 

	 	LIMITED PARTNERS:
	 	 	 
	 	 	 
	 	RSI INVESTORS, LLC
	 	By: Rust Street Interactive GP,
    LLC, its managing member
	 	 	 
	 	 	 
	 	By:  	/s/
    Neil Bluhm
	 	Name: Neil Bluhm
	 	Title: Manager

 

[Signature
page to Recapitalization Agreement]

 

     

     

    

 

	 	LIMITED PARTNERS:
	 	 
	 	 
	 	/s/
    Neil Bluhm
	 	Neil Bluhm

 

[Signature
page to Recapitalization Agreement]

 

     

     

    

 

 

	 	LIMITED PARTNERS:
	 	 	 
	 	 	 
	 	NGB 2013 DYNASTY TRUST
	 	 	 
	 	 	 
	 	By:  	/s/
    Neil Bluhm
	 	Name: Neil Bluhm
	 	Title: Trustee

 

[Signature
page to Recapitalization Agreement]

 

     

     

    

 

	 	LIMITED PARTNERS:
	 	 
	 	 
	 	/s/
    Einar Roosileht
	 	Einar Roosileht

 

[Signature
page to Recapitalization Agreement]

 

     

     

    

 

Schedule
A

 

Pre-Recapitalization
Unit Holdings

 

	 
Unitholder
	 	Preferred 

Units	 	 	Common A1

 Units	 	 	Common A2

 Units	 	 	Common B1

 Units	 	 	Common B2 

Units	 
	NGB 2013 Grandchildren's Dynasty Trust	 	 	38,006,222	 	 	 	38,006,222	 	 	 	-	 	 	 	-	 	 	 	-	 
	Neil G. Bluhm	 	 	475,078	 	 	 	475,078	 	 	 	-	 	 	 	-	 	 	 	-	 
	Greg and Marcy Carlin Family Trust	 	 	5,700,933	 	 	 	5,700,933	 	 	 	-	 	 	 	-	 	 	 	-	 
	Gregory A. Carlin	 	 	3,325,544	 	 	 	3,325,544	 	 	 	3,129,744	 	 	 	-	 	 	 	-	 
	Richard Schwartz	 	 	400,000	 	 	 	400,000	 	 	 	-	 	 	 	2,866,066	 	 	 	-	 
	Mattias Stetz	 	 	100,000	 	 	 	100,000	 	 	 	-	 	 	 	1,146,426	 	 	 	-	 
	Einar Roosileht	 	 	100,000	 	 	 	100,000	 	 	 	-	 	 	 	1,146,426	 	 	 	-	 
	RSI Investors, LLC	 	 	445,000	 	 	 	445,000	 	 	 	-	 	 	 	-	 	 	 	-	 
	Rush Street Interactive GP, LLC	 	 	479,877	 	 	 	479,877	 	 	 	 	 	 	 	-	 	 	 	-	 
	Total	 	 	49,032,654	 	 	 	49,032,654	 	 	 	3,129,744	 	 	 	5,158,918	 	 	 	-	 

 

[Schedule
A to Recapitalization Agreement]

 

     

     

    

 

Schedule
B

 

Post-Recapitalization
Unit Holdings

 

	 
Unitholder
	 	 
Class A Common Units
	 
	NGB 2013 Dynasty Trust	 	 	114,846,781	 
	Neil G. Bluhm	 	 	1,627,334	 
	Greg and Marcy Carlin Family Trust	 	 	17,234,006	 
	Gregory A. Carlin	 	 	19,223,639	 
	Richard Schwartz	 	 	9,519,950	 
	Mattias Stetz	 	 	3,626,657	 
	Einar Roosileht	 	 	3,626,657	 
	RSI Investors, LLC	 	 	1,344,814	 
	Rush Street Interactive GP, LLC	 	 	1,450,163	 
	Total	 	 	172,500,000	 

 

[Schedule
B to Recapitalization Agreement]

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