Document:

Exhibit 10.5

 

PRIVATE PLACEMENT UNIT SUBSCRIPTION AGREEMENT

 

This
PRIVATE PLACEMENT UNIT SUBSCRIPTION AGREEMENT (this “Agreement”) is made as of the 4th day of October, 2021, by and
between Mount Rainier Acquisition Corp., a Delaware corporation (the “Company”),
DC RAINIER SPV LLC, a Delaware limited liability company, and the undersigned parties listed under “Subscriber” on
the signature page hereto (each a “Subscriber” and collectively, the “Subscriber”).

 

WHEREAS, the Company desires
to sell and each of the Subscribers severally agrees to purchase, the number of private placement units set forth opposite the respective
Subscriber’s name on Schedule I hereof on a private placement basis (the “Sale”) for an aggregate of 551,200
private placement units, or 596,200 private placement units if the Underwriters exercise their over-allotment option in full (the “Private
Placement Units”) of the Company for a purchase price of $10.00 per Private Placement Unit, each Private Placement Unit comprised
of one share of common stock of the Company, par value $0.0001 per share (“Common Stock”), and one warrant to purchase
three-fourths of one share of Common Stock (each whole warrant, a “Warrant”) at the consummation of the Business Combination
(as defined below). The shares of Common Stock underlying the Private Warrants (as defined below) are hereinafter referred to as the “Warrant
Shares.” The shares of Common Stock underlying the Private Placement Units (excluding the Warrant Shares) are hereinafter referred
to as the “Private Shares.” The Warrants underlying the Private Placement Units are hereinafter referred to as the
 “Private Warrants.” The Private Placement Units, the Private Shares, the Private Warrants, and the Warrant Shares collectively,
are hereinafter referred to as the “Securities.” Each Private Warrant is exercisable to purchase three-fourths share
of Common Stock at an exercise price of $11.50 per whole share, subject to the adjustments as set forth in the Warrant Agreement (as defined
below), during the period commencing on the later of (i) twelve (12) months from the date of the closing of the Company’s initial
public offering of units (the “IPO”) and (ii) the consummation of the Company’s initial business combination
(the “Business Combination”), as such term is defined in the registration statement in connection with the IPO, as
amended at the time it becomes effective (the “Registration Statement”), filed with the Securities and Exchange Commission
(“SEC”), and expiring on the fifth anniversary of the consummation of the Business Combination (provided that so long
as the Private Warrants are held by the Subscriber, its designees or affiliates, the Subscriber, its designees or affiliates will not
be permitted to exercise such Private Warrants after the five year anniversary of the effective date of the Registration Statement); and

 

WHEREAS, the each of the Subscribers
severally agrees to purchase, the number of private placement units set forth opposite the respective Subscriber’s name on Schedule
I hereof for an aggregate of 551,200 Private Placement Units or 596,200 Private Placement Units if the over-allotment option is exercised
in full for the Purchase Price (as defined below), and the Company wishes to accept such subscription from the Subscriber.

 

NOW, THEREFORE, in consideration
of the premises and the mutual covenants hereinafter set forth and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and the Subscriber hereby agree as follows:

 

1.            Agreement
to Subscribe.

 

1.1          Purchase
and Issuance of the Private Placement Units. Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby
agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined below) the
Private Placement Units in consideration of the payment of the Purchase Price. On the Closing Date, the Company shall, at its option,
deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in book-entry form.

 

1.2          Purchase
Price. As payment in full for the Private Placement Units being purchased under this Agreement, each Subscriber shall pay $10.00 per
Private Placement Unit, for an aggregate of $5,512,000, or 5,962,000 if the over-allotment option is exercised in full (the “Purchase
Price”) by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company,
to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company, maintained by American
Stock Transfer & Trust Company, LLC, acting as trustee (“AST”), on or prior to the Closing Date.

 

     

     

    

 

1.3          Closing.
The closing of the purchase and sale of the Private Placement Units (the “Closing”) shall take place simultaneously
with the closing of the IPO on the date of the closing of the IPO (the “Closing Date”).

 

1.4          Conditions
to Closing. The obligation of the Subscriber to purchase and pay for the Private Placement Units as provided herein shall be subject
to the satisfaction of the conditions set forth in Section 4 of the Underwriting Agreement, dated the date hereof (the “Underwriting
Agreement”), by and among the Company, the Subscriber and A.G.P./Alliance Global Partners.

 

1.5          Termination.
This Agreement and each of the obligations of the undersigned shall be null and void and without effect if the Closing does not occur
on prior to December 31, 2021 or if the Underwriting Agreement is terminated for any reason.

 

2.            Representations
and Warranties of the Subscriber.

 

Subscriber represents and
warrants to the Company that:

 

2.1          No
Government Recommendation or Approval. Subscriber understands that no federal or state agency has passed upon or made any recommendation
or endorsement of the Company or the Sale of the Securities.

 

2.2          Accredited
Investor. Subscriber represents that it is an “accredited investor” as such term is defined in Rule 501(a) of
Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), and acknowledges that the sale contemplated
hereby is being made in reliance, among other things, on a private placement exemption to “accredited investors” under the
Securities Act and similar exemptions under state law.

 

2.3          Intent.
Subscriber is purchasing the Securities solely for investment purposes, for Subscriber’s own account (and/or for the account or
benefit of its members or affiliates, as permitted, pursuant to the terms hereof), and not with a view to the distribution thereof and
Subscriber has no present arrangement to sell the Securities to or through any person or entity except as may be permitted hereunder.
The Subscriber shall not engage in hedging transactions with regard to the Securities unless in compliance with the Securities Act.

 

2.4          Restrictions
on Transfer. Subscriber acknowledges and understands the Private Placement Units are being offered in a transaction not involving
a public offering in the United States within the meaning of the Securities Act. The Securities have not been registered under the Securities
Act and, if in the future Subscriber decides to offer, resell, pledge or otherwise transfer the Securities, such Securities may be offered,
resold, pledged or otherwise transferred only pursuant to (i)  an effective registration statement filed under the Securities Act,
(ii) an exemption from registration under Rule 144 promulgated under the Securities Act, if available, or (iii) any other
available exemption from the registration requirements of the Securities Act, and in each case in accordance with any applicable securities
laws of any state or any other jurisdiction. Notwithstanding the foregoing, Subscriber acknowledges and understands the Securities are
subject to transfer restrictions as described in Section 7 hereof. Subscriber agrees that if any transfer of its Securities or any
interest therein is proposed to be made, as a condition precedent to any such transfer, Subscriber may be required to deliver to the Company
an opinion of counsel satisfactory to the Company with respect to such transfer. Absent registration or another available exemption from
registration, Subscriber agrees it will not resell the Securities (unless otherwise permitted pursuant to the terms hereof). Subscriber
further acknowledges that because the Company is a shell company, Rule 144 may not be available to Subscriber for the resale of the
Securities until the one year anniversary following consummation of the Business Combination of the Company, despite technical compliance
with the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

 

2.5          Sophisticated
Investor.

 

(a)          Subscriber
is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Securities.

 

    2 

     

    

 

(b)         Subscriber
is aware that an investment in the Securities is highly speculative and subject to substantial risks because, among other things, (i) the
Securities are subject to transfer restrictions and have not been registered under the Securities Act and therefore cannot be sold unless
subsequently registered under the Securities Act or an exemption from such registration is available and (ii) Subscriber has waived
its redemption rights with respect to the Securities as set forth in Section 5 hereof, and the Securities held by the Subscriber
are not entitled to, and have no right, interest or claim to any monies held in the Trust Account, and accordingly Subscriber may suffer
a loss of a portion or all of its investment in the Securities. Subscriber is able to bear the economic risk of its investment in the
Securities for an indefinite period of time.

 

2.6         Organization
and Authority. Subscriber is duly organized, validly existing and in good standing under the laws of its state of incorporation or
formation and it possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

 

2.7         Authority.
This Agreement has been validly authorized, executed and delivered by Subscriber and is a valid and binding agreement enforceable in accordance
with its terms, subject to the general principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’
rights generally.

 

2.8         No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by Subscriber of the transactions contemplated
hereby do not violate, conflict with or constitute a default under (i) Subscriber’s charter documents, (ii) any agreement
or instrument to which Subscriber is a party or (iii) any law, statute, rule or regulation to which Subscriber is subject, or
any agreement, order, judgment or decree to which Subscriber is subject.

 

2.9         No
Legal Advice from Company. Subscriber acknowledges it has had the opportunity to review this Agreement and the transactions contemplated
by this Agreement and the other agreements entered into between the parties hereto with Subscriber’s own legal counsel and investment
and tax advisors. Except for any statements or representations of the Company made in this Agreement and the other agreements entered
into between the parties hereto, Subscriber is relying solely on such counsel and advisors and not on any statements or representations
of the Company or any of its representatives or agents for legal, tax or investment advice with respect to this investment, the transactions
contemplated by this Agreement or the securities laws of any jurisdiction.

 

2.10        Reliance
on Representations and Warranties. The Subscriber understands the Private Placement Units are being offered and sold to the Subscriber
in reliance on exemptions from the registration requirements under the Securities Act, and analogous provisions in the laws and regulations
of various states, and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments
and understandings of the Subscriber set forth in this Agreement in order to determine the applicability of such provisions.

 

2.11        No
General Solicitation. Subscriber is not subscribing for the Private Placement Units as a result of or subsequent to any general solicitation
or general advertising, including but not limited to any advertisement, article, notice or other communication published in any newspaper,
magazine, or similar media or broadcast over television or radio, or presented at any seminar or meeting or in the Registration Statement.

 

2.12        Legend.
Subscriber acknowledges and agrees the book-entries evidencing each of the Securities shall bear a restrictive legend (the “Legend”),
in form and substance substantially as set forth in Section 4 hereof.

 

3.            Representations,
Warranties and Covenants of the Company.

 

The Company represents and
warrants to, and agrees with, Subscriber that:

 

3.1          Valid
Issuance of Capital Stock. The total number of shares of all classes of capital stock which the Company has authority to issue is
50,000,000 shares of Common Stock. As of the date hereof, the Company has issued and outstanding 4,312,500 shares of Common Stock (of
which up to 562,500 shares are subject to forfeiture as described in the Registration Statement). All of the issued shares of capital
stock of the Company have been duly authorized, validly issued, and are fully paid and non-assessable.

 

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3.2          Title
to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and that certain warrant agreement (the
 “Warrant Agreement”) to be entered into between the Company and AST, as warrant agent, each of the Private Placement
Units, Private Shares, Private Warrants, and Warrant Shares will be duly and validly issued, fully paid and non-assessable. On the date
of issuance of the Private Placement Units and Warrant Shares shall have been reserved for issuance. Upon issuance in accordance with,
and payment pursuant to, the terms hereof and the Warrant Agreement Subscriber will have or receive good title to the Private Placement
Units, Private Shares and Private Warrants free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer
restrictions hereunder and (ii) transfer restrictions under federal and state securities laws.

 

3.3          Organization
and Qualification. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State
of Delaware and has the requisite corporate power to own its properties and assets and to carry on its business as now being conducted.

 

3.4          Authorization;
Enforcement. (i) The Company has the requisite corporate power and authority to enter into and perform its obligations under
this Agreement and to issue the Securities in accordance with the terms hereof, (ii) the execution, delivery and performance of this
Agreement by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary
corporate action, and no further consent or authorization of the Company or its Board of Directors or stockholders is required, and (iii) this
Agreement constitutes valid and binding obligations of the Company enforceable against the Company in accordance with its terms, except
as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or similar
laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by equitable principles of general
application and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities laws or principles
of public policy.

 

3.5          No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions contemplated
hereby do not (i) result in a violation of the Company’s certificate of incorporation or by-laws, (ii) conflict with,
or constitute a default under any agreement or instrument to which the Company is a party or (iii) any law statute, rule or
regulation to which the Company is subject or any agreement, order, judgment or decree to which the Company is subject. Other than any
SEC or state securities filings which may be required to be made by the Company subsequent to the Closing Date, and any registration statement
which may be filed pursuant thereto, the Company is not required under federal, state or local law, rule or regulation to obtain
any consent, authorization or order of, or make any filing or registration with, any court or governmental agency or self-regulatory entity
in order for it to perform any of its obligations under this Agreement or issue the Private Placement Units, Private Shares, Private Warrants
or Warrant Shares in accordance with the terms hereof.

 

3.6          Additional
Representations and Warranties. The representations and warranties of the Company set forth in the Underwriting Agreement are hereby
incorporated herein and are true and correct with the same force and effect as though expressly made herein as of the date hereof.

 

4.           Legends.

 

4.1          Legend.
The Company will issue the Private Placement Units, Private Shares and Private Warrants, and when issued, the Warrant Shares, purchased
by the Subscriber in the name of the Subscriber. The Securities will bear the following Legend and appropriate “stop transfer”
instructions:

 

“THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED
OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER
THE SECURITIES ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS AVAILABLE.”

 

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“THE SECURITIES
REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PURSUANT TO A PRIVATE PLACEMENT UNIT SUBSCRIPTION AGREEMENT BETWEEN MOUNT RAINIER
ACQUISITION CORP. AND DC RAINIER SPV LLC AND MAY ONLY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM
OF THE LOCKUP PURSUANT TO THE TERMS SET FORTH IN THE UNIT SUBSCRIPTION AGREEMENT.”

 

4.2          Subscriber’s
Compliance. Nothing in this Section 4 shall affect in any way the Subscriber’s obligations and agreements to comply with
all applicable securities laws upon resale of the Securities.

 

4.3          Company’s
Refusal to Register Transfer of the Securities. The Company shall refuse to register any transfer of the Securities, if in the sole
judgment of the Company such purported transfer would not be made (i) pursuant to an effective registration statement filed under
the Securities Act, or pursuant to an available exemption from the registration requirements of the Securities Act and (ii) in compliance
herewith.

 

4.4          Registration
Rights. The Subscriber will be entitled to certain registration rights which will be governed by a registration rights agreement (“Registration
Rights Agreement”) to be entered into among the Subscriber, the Company and others, on or prior to the effective date of the
Registration Statement.

 

5.           Waiver
of Liquidation Distributions.

 

In connection with the Securities
purchased pursuant to this Agreement, Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions
of the amounts in the Trust Account with respect to the Securities, whether (i) in connection with the exercise of redemption rights
if the Company consummates the Business Combination, (ii) in connection with any tender offer conducted by the Company prior to a
Business Combination, (iii) upon the Company’s redemption of shares of Common Stock sold in the Company’s IPO upon the
Company’s failure to timely complete the Business Combination or (iv) in connection with a stockholder vote to approve an amendment
to the Company’s amended and restated certificate of incorporation, (A) to modify the substance or timing of the Company’s
obligation to redeem 100% of the Company’s public shares if the Company does not timely complete the Business Combination or (B) with
respect to any other provision relating to stockholders’ rights or pre-Business Combination activity. In the event Subscriber purchases
shares of Common Stock in the IPO or in the aftermarket, any additional shares so purchased shall be eligible to receive the redemption
value of such shares of Common Stock upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company
fails to consummate the Business Combination.

 

6.           Terms
of Private Warrants. Each Private Warrant shall have the terms set forth in the Warrant Agreement.

 

7.           Lock-Up
Period.

 

7.1          The
Subscriber agrees that it shall not Transfer any Securities until 30 days after the completion of the Business Combination; provided,
however, that Transfers of Securities are permitted (i) to our or our Sponsor’s officers, directors, consultants or
their affiliates, (ii) in the case of an entity, to its members upon its liquidation, (iii) in the case of an individual, to
relatives and trusts for estate planning purposes, (iv) in the case of an individual, by virtue of the laws of descent and distribution
upon death, (v) in the case of an individual, pursuant to a qualified domestic relations order, (vi) to us for no value for
cancellation in connection with the consummation of our initial business combination, (vii) in connection with the consummation of
a business combination at negotiated prices, or (viii) by virtue of the laws of Delaware or our sponsor’s limited liability
company agreement upon dissolution of our sponsor in each case (except for clause (vi) or (viii) or with our prior consent)
where these permitted transferees must enter into a written agreement agreeing to be bound by the Transfer restrictions these transfer
restrictions herein.

 

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7.2         For
purposes of Section 7.1, the term “Transfer” shall mean the (i) sale 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 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated
thereunder with respect to, any of the Securities, (ii) 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 of the Securities, whether any such transaction is to be settled by delivery
of such Securities, in cash or otherwise, or (iii) public announcement of any intention to effect any transaction specified in clause
(i) or (ii).

 

8.           Terms
of the Private Placement Units and Private Warrants.

 

8.1          The
Private Placement Units and their component parts are substantially identical to the units to be offered in the IPO except that: (i) the
Private Placement Units and component parts are subject to the transfer restrictions described in Section 7 hereof, and (ii) the
Private Placement Units and component parts are being purchased pursuant to an exemption from the registration requirements of the Securities
Act and will become freely tradable only after the expiration of the lockup described above in clause (i) and they are registered
pursuant to the Registration Rights Agreement or an exemption from registration is available, and the restrictions described above in
clause (i) has expired.

 

8.2          Subscriber
agrees that if the Company seeks stockholder approval of a Business Combination, then in connection with such Business Combination, Subscriber
shall (i) vote the Private Shares owned by it in favor of the Business Combination and (ii) not redeem any Private Shares owned
by Subscriber in connection with such stockholder approval.

 

9.           Governing
Law; Jurisdiction; Waiver of Jury Trial.

 

This Agreement shall be governed
by and construed in accordance with the laws of the State of New York for agreements made and to be wholly performed within such state.
The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant to this Agreement and the transactions
contemplated hereby.

 

10.          Assignment;
Entire Agreement; Amendment.

 

10.1        Assignment.
Neither this Agreement nor any rights hereunder may be assigned by any party to any other person other than by Subscriber to a person
agreeing to be bound by the terms hereof, including the transfer restrictions contained in Section 7 hereof.

 

10.2        Entire
Agreement. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter thereof and merges
and supersedes all prior discussions, agreements and understandings of any and every nature among them.

 

10.3       Amendment.
Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated
other than by a written instrument signed by all of the parties hereto.

 

10.4        Binding
upon Successors. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, legal
representatives, successors and permitted assigns.

 

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11.         Notices.

 

11.1       Notices.
Unless otherwise provided herein, any notice or other communication to a party hereunder shall be sufficiently given if in writing and
personally delivered or sent by facsimile or other electronic transmission with copy sent in another manner herein provided or sent by
courier (which for all purposes of this Agreement shall include Federal Express or other recognized overnight courier) or mailed to said
party by certified mail, return receipt requested, at its address provided for herein or such other address as either may designate for
itself in such notice to the other. Communications shall be deemed to have been received when delivered personally, on the scheduled arrival
date when sent by next day or 2nd-day courier service, or if sent by facsimile upon receipt of confirmation of transmittal or, if sent
by mail, then three days after deposit in the mail. If given by electronic transmission, such notice shall be deemed to be delivered (i) if
by electronic mail, when directed to an electronic mail address at which the stockholder has consented to receive notice; (ii) if
by a posting on an electronic network together with separate notice to the stockholder of such specific posting, upon the later of (1) such
posting and (2) the giving of such separate notice; and (iii) if by any other form of electronic transmission, when directed
to the stockholder.

 

12.          Counterparts;
Electronic Signatures.

 

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.

 

13.          Survival;
Severability.

 

13.1        Survival.
The representations, warranties, covenants and agreements of the parties hereto shall survive the Closing Date.

 

13.2        Severability.
In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable
or void, this Agreement shall continue in full force and effect without said provision; provided that no such severability shall be effective
if it materially changes the economic benefit of this Agreement to any party.

 

14.         Headings.

 

The titles and subtitles used
in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

 

[remainder of page intentionally left blank]

 

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IN WITNESS WHEREOF, the parties
hereto have executed this Agreement to be effective as of the date first set forth above.

 

	 	COMPANY:
	 	 
	 	 
	 	MOUNT RAINIER ACQUISITION CORP.
	 	 
	 	 
	 	By: 	/s/ Matthew Kearney
	 	 	Name: Matthew Kearney
	 	 	Title: Chief Executive Officer
	 	 
	 	 
	 	SUBSCRIBER:
	 	 
	 	 
	 	DC RAINIER SPV LLC
	 	 
	 	By: Dominion Capital LLC, its Manager
	 	By: Dominion Capital Holdings LLC, its Manager
	 	 
	 	 
	 	 	By:	/s/ Mikhail Gurevich
	 	 	Name: Mikhail Gurevich
	 	 	Title: Managing Member
	 	 
	 	 
	 	/s/ Matthew Kearney 
	 	Matthew Kearney
	 	 
	 	 
	 	/s/ Young Cho 
	 	Young Cho

 

[Signature
Page to Private Placement Unit Subscription Agreement]

 

     

     

    

 

Schedule I 

Schedule of Subscribers

 

	Subscriber Name:	Notice
    Information:	Number
    of Private 

    Placement Units:	Purchase
    Price
	DC Rainer SPV LLC	 

                                                                                Mount Rainier Acquisition Corp. 
 256 W. 38th Street, 15th Floor 
 New York, NY 10018
	538,2001	$5,382,000
	Matthew Kearney	 

                                                                                Mount Rainier Acquisition Corp. 
 256 W. 38th Street, 15th Floor 
 New York, NY 10018
	10,000	$100,000
	Young Cho	 

                                                                                Mount Rainier Acquisition Corp. 
 256 W. 38th Street, 15th Floor 
 New York, NY 10018
	3,000	$30,000
	 	 	Total: 551,200	$5,512,000

 

 

1 In the event that the over-allotment option is
exercised, DC Rainer SPV LLC agrees to purchase up to an additional $450,000 of Private Placement Units at a price of $10.00 per units,
in the same proportion as the amount of the over-allotment option that is exercised.

 

    9Exhibit 10.6

 

SUBSCRIPTION AGREEMENT

 

HUB Cyber Security (Israel) Ltd.

Huntington
Station, New York 11746

 

Ladies and Gentlemen:

 

This
Subscription Agreement (this “Subscription Agreement”) is being entered into as of the date set forth on the signature
page hereto, by and among Hub Cyber Security Ltd., a company organized under the laws of the state of Israel (the “Company”),
and the undersigned subscriber (the “Investor”), in connection with the Business Combination Agreement, dated as of
the date hereof (as may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement”),
by and among the Company, Mount Rainier Acquisition Corp., a Delaware corporation (“SPAC”), and HUB Merger Sub, Inc.,
a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), and pursuant to which together with
the ancillary agreements entered in connection thereto (such agreements, together with the Business Combination Agreement, the “Transaction
Agreements”), among other things, (i) SPAC will merge with and into Merger Sub, with SPAC as the surviving company in the merger
and (ii)  all securities of SPAC will be owned by the Company and
the Company will issue new securities of the Company to SPAC’s securityholders, on the terms and subject to the conditions therein
(the transactions contemplated by the Business Combination Agreement, the “Transaction”). In connection with the Transaction,
SPAC and the Company are seeking commitments from interested investors to purchase, contingent upon, and substantially concurrently with
the closing of the Transaction, ordinary shares of the Company, with a nominal value of $[ l ]
per share (the “Shares”), in a private placement for a purchase price of $10.00 per share (the “Per Share
Purchase Price”). On or about the date of this Subscription Agreement, SPAC and the Company are entering into subscription
agreements (the “Other Subscription Agreements” and, together with this Subscription Agreement, the “Subscription
Agreements”) with certain other investors (the “Other Investors” and, together with the Investor, the “Investors”),
pursuant to which the Investors have agreed to purchase on the closing date of the Transaction, inclusive of the Shares subscribed for
by the Investor, an aggregate amount of up to [ l ] Shares, at the Per Share
Purchase Price.

 

The
aggregate purchase price to be paid by the Investor for the subscribed Shares (as set forth on the signature page hereto) is referred
to herein as the “Subscription Amount.”

 

In
connection therewith, and in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to
the conditions, set forth herein, and intending to be legally bound hereby, each of the Investor and the Company acknowledges and agrees
as follows:

 

1.             Subscription.
The Investor hereby irrevocably subscribes for and agrees to purchase from the Company the number of Shares set forth on the signature
page of this Subscription Agreement on the terms and subject to the conditions provided for herein (the “Subscription”).
The Investor acknowledges and agrees that the Company reserves the right to accept or reject the Investor’s subscription for the
Shares for any reason or for no reason, in whole or in part, at any time prior to its acceptance, and the same shall be deemed to be
accepted by the Company only when this Subscription Agreement is signed by a duly authorized person by or on behalf of the Company. The
Investor understands that the subscribed Shares that will be issued pursuant to this Subscription Agreement will be ordinary shares of
the Company.

 

2.             Closing.
The closing of the sale of the Shares contemplated hereby (the “Closing”) shall occur substantially concurrently with
and conditioned upon the effectiveness of the Transaction (the date the Closing so occurs, the “Closing Date”). Upon
(a) satisfaction or waiver in writing of the conditions set forth in Section 3 below and (b) delivery of written notice from (or
on behalf of) the Company to the Investor (the “Closing Notice”), that the Company reasonably expects all conditions
to the closing of the Transaction to be satisfied or waived, on a date that is not less than five (5) business days from the date on
which the Closing Notice is delivered to the Investor, the Investor shall deliver to the Company, three (3) business days prior to the
Closing Date specified in the Closing Notice, (i)  the Subscription
Amount by wire transfer of United States dollars in immediately available funds to the account(s) specified by the Company in the Closing
Notice and (ii) any other information that is reasonably requested in the Closing Notice in order for the Company to issue the Investor’s
Shares, including, without limitation, the legal name of the person in whose name such Shares are to be issued, a duly executed Internal
Revenue Service Form W-9 or W-8, if and as applicable, and any information that the Company requires in connection with the Registration
Statement (as defined below). On the Closing Date, the Company shall issue a number of Shares to the Investor set forth on the signature
page to this Subscription Agreement and subsequently cause such Shares to be registered in book-entry form, in the name of the Investor
on the Company’s share register; provided, however, that the Company’s obligation to issue the Shares to the
Investor is contingent upon the Company having received the Subscription Amount in full accordance with this Section 2. Notwithstanding
anything herein to the contrary, in the event the Closing does not occur within fifteen (15) business days after the closing date specified
in the Closing Notice, the Company shall promptly (but not later than five (5) business days thereafter) return the Subscription Amount
to the Investor by wire transfer of United States dollars in immediately available funds to the account specified by the Investor; provided
that, unless this Subscription Agreement has been terminated pursuant to Section 8 hereof, such return of funds shall not terminate
this Subscription Agreement or relieve the Investor of its obligation to purchase the Shares at the Closing. For purposes of this Subscription
Agreement, “business day” shall mean any day other than a Friday, Saturday, Sunday or other day on which commercial banks
are required or authorized to close in New York, NY, United States of America and Tel Aviv, Israel.

     

     

    

 

		3.	Closing Conditions.

 

a.             The
obligation of the parties hereto to consummate the purchase, sale and issuance of the Shares pursuant to this Subscription Agreement
is subject to the following conditions:

 

(i)              (A)
no applicable governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule or regulation
(whether temporary, preliminary or permanent) which is then in effect and has the effect of making the consummation of the Subscription
illegal or otherwise restraining or prohibiting consummation of the Subscription and (B) the closing of the Transaction shall be scheduled
to occur substantially concurrently with the Closing; and

 

(ii)             all
conditions precedent to the closing of the Transaction under each of the Transaction Agreements shall have been satisfied (as determined
by the parties to the applicable Transaction Agreement and other than those conditions under the Transaction Agreements which, by their
nature, are to be fulfilled at the closing of the Transaction, including to the extent that any such condition is dependent upon the
consummation of the purchase, sale and issuance of the Shares pursuant to this Subscription Agreement) or waived.

 

b.             The
obligation of the Company to consummate the issuance and sale of the Shares pursuant to this Subscription Agreement shall be subject
to the conditions that all representations and warranties of the Investor contained in this Subscription Agreement are true and correct
in all material respects at and as of the Closing Date (except to the extent that any such representation and warranty expressly speaks
as of an earlier date, in which case such representation and warranty shall be true and correct in all material respects as of such earlier
date), and consummation of the Closing shall constitute a reaffirmation by the Investor of each of the representations and warranties
of the Investor contained in this Subscription Agreement in all material respects as of the Closing Date, except where the failure of
such representations and warranties to be true and correct in all material respects (whether as of the Closing Date or such earlier date),
taken as a whole, does not result in a material adverse effect on the legal authority and ability of the Company to comply in all material
respects with the terms of this Subscription Agreement.

 

c.             The
obligation of the Investor to consummate the purchase of the Shares pursuant to this Subscription Agreement shall be subject to the conditions
that all representations and warranties of the Company contained in this Subscription Agreement shall be true and correct in all material
respects at and as of the Closing Date (except to the extent that any such representation and warranty expressly speaks as of an earlier
date, in which case such representation and warranty shall be true and correct in all material respects as of such earlier date), and
consummation of the Closing shall constitute a reaffirmation by the Company of each of the representations and warranties of the Company
contained in this Subscription Agreement in all material respects as of the Closing Date, except where the failure of such representations
and warranties to be true and correct in all material respects (whether as of the Closing Date or such earlier date), taken as a whole,
does not result in a material adverse effect on the legal authority and ability of the Investor to comply in all material respects with
the terms of this Subscription Agreement.

 

    2

     

    

 

4.             Further
Assurances. At or prior to the Closing Date, the Company and the Investor shall execute and deliver or cause to be executed and delivered
such additional documents and take such additional actions as the parties reasonably may deem to be practical and necessary in order
to consummate the Subscription as contemplated by this Subscription Agreement.

 

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

 

a.             The
Company is duly incorporated, validly existing and in good standing (insofar as such concept exists in the relevant jurisdiction) under
the laws of the state of Israel. The Company has all power (corporate or otherwise) and authority to own, lease and operate its properties
and conduct its business as presently conducted and to enter into, deliver and perform its obligations under this Subscription Agreement.

 

b.             As
of the Closing Date, the Shares will be duly authorized and, when issued and delivered to the Investor against full payment therefor
in accordance with the terms of this Subscription Agreement, the Shares will be validly issued, fully paid and non-assessable and will
not have been issued in violation of or subject to any preemptive or similar rights created under the Company’s then current articles
of association.

 

c.             This
Subscription Agreement has been duly authorized, executed and delivered by the Company and, assuming that this Subscription Agreement
constitutes the valid and binding agreement of the Investor, this Subscription Agreement is enforceable against the Company in accordance
with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium or other laws relating to or affecting the rights of creditors generally, or (ii) principles of equity, whether considered
at law or equity.

 

d.             The
issuance and sale of the Shares and the compliance by the Company with all of the provisions of this Subscription Agreement and the consummation
of the transactions contemplated herein will not conflict with or result in a breach or violation of any of the terms or provisions of,
or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or
assets of the Company or any of its subsidiaries pursuant to the terms of (i) any indenture, mortgage, deed of trust, loan agreement,
lease, license or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or
any of its subsidiaries is bound or to which any of the property or assets of the Company is subject that would reasonably be expected
to have a material adverse effect on the business, financial condition or results of operations of the Company and its subsidiaries,
taken as a whole (a “Company Material Adverse Effect”) or materially affect the validity of the Shares or the legal
authority of the Company to timely comply in all material respects with the terms of this Subscription Agreement; (ii) result in any
violation of the provisions of the organizational documents of the Company; or (iii) result in any violation of any statute or any judgment,
order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Company or any
of its properties that would reasonably be expected to have a Company Material Adverse Effect or materially affect the validity of the
Shares or the legal authority of the Company to timely comply in all material respects with this Subscription Agreement.

 

e.             Assuming
the accuracy of the Investor’s representations and warranties set forth in Section 6, no registration under the Securities
Act is required for the offer and sale of the Shares by the Company to the Investor hereunder. The Shares (i) were not offered by any
form of general solicitation or general advertising and (ii)  are
not being offered in a manner involving a public offering under, or in a distribution in violation of, the Securities Act or the applicable
securities laws of any other jurisdiction.

 

f.              Other
than the Subscription Agreements, the Transaction Agreements and any other agreement expressly contemplated by the Transaction Agreements
or described in the reports publicly available on the Israel Securities Authority (“ISA”) internet system, the Tel
Aviv Stock Exchange (“TASE”) website or the Electronic Data Gathering, Analysis, and Retrieval system (“EDGAR”)
of the United States Securities and Exchange Commission (the “SEC”), the Company has not entered into any side letter
or similar agreement with any investor in connection with such investor’s direct or indirect investment in the Company (other than
any side letter or similar agreement relating to the transfer to any investor of (i) securities of the Company by existing securityholders
of the Company, which may be effectuated as a forfeiture to the Company and reissuance, or (ii) securities to be issued to the direct
or indirect securityholders of the Company pursuant to the Transaction Agreements). No Other Subscription Agreement includes terms and
conditions that are materially more advantageous to any such Other Investor than the Investor hereunder, and such Other Subscription
Agreements have not been amended in any material respect follow the date of this Subscription Agreement.

 

    3

     

    

 

g.             Except
for such matters as have not had and would not be reasonably like to have, individually or in the aggregate, a Company Material Adverse
Effect, as of the date hereof, there is no (i) action, suit, claim or other proceeding, in each case by or before any governmental authority,
or, to the knowledge of the Company, threatened against the Company or (ii) judgment, decree, injunction, ruling or order of any governmental
entity or arbitrator outstanding against the Company.

 

h.             As
of the date of this Subscription Agreement, the authorized share capital of the Company consists of [●] shares in the capital of
the Company with no par value per share (the “Company Shares”). As of the date of this Subscription Agreement, [●]
Company Shares are issued and outstanding. All issued and outstanding Company Shares have been duly authorized and validly issued, are
fully paid and are non-assessable. Except as set forth above and pursuant to the Other Subscription Agreements, the Business Combination
Agreement and the other agreements and arrangements referred to therein, as of the date hereof, there are no outstanding options, warrants
or other rights to subscribe for, purchase or acquire from the Company any Company Shares or other equity interests in the Company, or
securities convertible into or exchangeable or exercisable for such equity interests. All shareholder agreements, voting trusts or other
agreements or understandings to which the Company is a party or by which it is bound relating to the voting of any securities of the
Company, are as set forth in the Business Combination Agreement.

 

i.              Other
than the Oppenheimer & Co., Inc. and A-Labs (collectively, the “Placement Agents”), the Company has not engaged
any broker, finder, commission agent, placement agent or arranger in connection with the sale of the Shares, and the Company is not under
any obligation to pay any broker’s fee or commission in connection with the sale of the Shares other than to the Placement Agents.

 

j.              The
Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority, self-regulatory organization or other person in connection
with the execution, delivery and performance by the Company of the Subscription Agreement (including, without limitation, the issuance
of the Shares), other than from (i) filings with the SEC, ISA and the Tel Aviv Stock Exchange, (ii) filings required by applicable state
securities laws or applicable securities laws of any other jurisdiction, (iii) filings required in accordance with Section 12
of this Subscription Agreement, (iv) filings required by the Nasdaq, or such other applicable stock exchange on which the Company’s
ordinary shares are then listed, (v) corporate approval and (vi) the failure of which to obtain would be reasonably like to have, individually
or in the aggregate, a Company Material Adverse Effect.

 

k.             The
Company is not, and immediately after receipt of payment for the Shares will not be, an “investment company” within the meaning
of the Investment Company Act.

 

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

 

a.             The
Investor (i) is a qualified investor as evidenced by Schedule A attached herein, (ii) is fully familiar, following advice of its
own legal counsel, with the implications of being such an investor who is subscribing for the Shares, (iii) is acquiring its entire beneficial
ownership interest in the Shares for its own account (or if the Investor is subscribing for the Shares as a fiduciary or agent for one
or more investor accounts, each owner of such account is a qualified institutional buyer, and the Investor has full investment discretion
with respect to each such account, and the full power and authority to make the acknowledgements, representations, warranties and agreements
herein on behalf of each owner of each such account), and (iv) is not acquiring the Shares with a view to, or for offer or sale in connection
with, any distribution thereof in violation of the Securities Act (and shall provide the requested information set forth on Schedule
A).

 

b.             The
Investor is not an entity formed for the specific purpose of acquiring the Shares. The Investor is a sophisticated investor, experienced
in investing in private equity transactions and capable of evaluating investment risks independently, both in general and with regard
to all transactions and investment strategies involving a security or securities, including its participation in the Transaction.

 

    4

     

    

 

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

 

d.             The
Investor agrees that from the date of this Subscription Agreement, none of the Investor or any person or entity acting on behalf of the
Investor or pursuant to any understanding with the Investor will engage in any “short sales” as defined in Rule 200 promulgated
under Regulation SHO under the Exchange Act, or under any Israeli applicable laws and regulations, and all types of direct and indirect
stock pledges (other than pledges in the ordinary course of business as part of prime brokerage arrangements), forward sale contracts,
options, puts, calls, swaps and similar arrangements (including on a total return basis), or sales and other transactions through non-U.S.
broker dealers or foreign regulated brokers (collectively, “Short Sales”) with respect to securities of SPAC or the
Company prior to the Closing (or earlier termination of this Subscription Agreement). Notwithstanding the foregoing, nothing herein shall
prohibit other entities under common management with the Investor that have no knowledge of this Subscription Agreement or of the Investor’s
participation in the Subscription (including the Investor’s controlled affiliates and/or affiliates) from entering into any Short
Sales.

 

e.             The
Investor acknowledges and agrees that the Investor is purchasing the Shares directly from the Company. The Investor further acknowledges
that there have been no representations, warranties, covenants and agreements made to the Investor by or on behalf of the Company, SPAC,
any of their respective affiliates or any control persons, officers, directors, employees, partners, agents or representatives of any
of the foregoing or any other person or entity, expressly or by implication, other than those representations, warranties, covenants
and agreements of the Company expressly set forth in Section 5 of this Subscription Agreement. Except for the representations,
warranties and agreements of the Company expressly set forth in the herein, the Investor is relying exclusively on its own sources of
information, investment analysis and due diligence (including professional advice the Investor deems appropriate) with respect to the
Transaction, the Shares and the business, condition (financial and otherwise), management, operations, properties and prospects of the
Company, including but not limited to all business, legal, regulatory, accounting, credit and tax matters.

 

f.              The
Investor’s acquisition and holding of the Shares will not constitute or result in a non- exempt prohibited transaction under Section
406 of the Employee Retirement Income Security Act of 1974, as amended, Section 4975 of the Internal Revenue Code of 1986, as amended,
or any applicable similar law.

 

g.             The
Investor acknowledges and agrees that the Investor has received such information as the Investor deems necessary in order to make an
investment decision with respect to the Shares, including the Transaction and the business of the Company, SPAC and their respective
subsidiaries. Without limiting the generality of the foregoing, the Investor acknowledges that it has reviewed SPAC’s filings with
the SEC and Company’s filings with the ISA and TASE. The Investor acknowledges and agrees that the Investor and the Investor’s
professional advisor(s), if any, have had the full opportunity to ask such questions, receive such answers and obtain such information
as the Investor and such Investor’s professional advisor(s), if any, have deemed necessary to make an investment decision with
respect to the Shares. The Investor acknowledges that as part of the Transaction, the Company is expected to file a registration statement
under the Securities Act, including a preliminary prospectus and proxy statement (the “Transaction Proxy”), and other
required filings under Israeli law including Israeli Securities Law, 5728-1968, which will contain additional information about the Transaction
and the Company which the Investor will not have the opportunity to review prior to entering into this Subscription Agreement.

 

    5

     

    

 

h.             The
Investor became aware of this offering of the Shares solely by means of direct contact between the Investor, the Company or a representative
of the Company (or SPAC), and the Shares were offered to the Investor solely by direct contact between the Investor, the Company or a
representative of the Company (or SPAC). The Investor did not become aware of this offering of the Shares, nor were the Shares offered
to the Investor, by any other means. The Investor acknowledges that the Shares (i) were not offered by any form of general solicitation
or general advertising and (ii) are not being offered in a manner involving a public offering under, or in a distribution in violation
of, the Securities Act, Israeli Securities Law, 5728-1968 or any applicable securities laws of any other jurisdiction. The Investor acknowledges
that it is not relying upon, and has not relied upon, any statement, representation or warranty made by any person, firm or corporation
(including, without limitation, SPAC, the Company, the Placement Agents, any of their respective affiliates or any control persons, officers,
directors, employees, partners, agents or representatives of any of the foregoing), other than the representations and warranties of
the Company in Section 5 of this Subscription Agreement, in making its investment or decision to invest in the Company.

 

i.              The
Investor acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares, including
those set forth in SPAC’s filings with the SEC and those which will be set forth in the Transaction Proxy or Company’s filings
with the ISA and TASE. The Investor is able to fend for itself in the transactions contemplated herein; has such knowledge and experience
in financial and business matters as to be capable of evaluating the merits and risks of its prospective investment in the Shares; and
has the ability to bear the economic risks of its prospective investment and can afford the complete loss of such investment. The Investor
has determined, based on its own independent review and such professional advice as it deems appropriate, that its purchase of the Shares
and participation in the Subscription (i) are fully consistent with its financial needs, objectives and condition, (ii) comply and are
fully consistent with all investment policies, guidelines and other restrictions applicable to it, (iii) have been duly authorized and
approved by all necessary action, (iv) do not and will not violate or constitute a default under its charter, by-laws or other constituent
document or under any law, rule, regulation, agreement or other obligation by which it is bound and (v) are a fit, proper and suitable
investment for the Investor, notwithstanding the substantial risks inherent in investing in or holding the Shares. The Investor will
not look to the Placement Agents, the SPAC, the Company, any of their respective affiliates or any control persons, officers, directors,
employees, partners, agents or representatives of any of the foregoing for all or part of any such loss or losses the Investor may suffer,
and is able to sustain a complete loss on its investment in the Shares, has no need for liquidity with respect to its investment in the
Shares and has no reason to anticipate any change in circumstances, financial or otherwise, which may cause or require any sale or distribution
of all or any part of the Shares.

 

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

 

k.             In
making its decision to purchase the Shares, the Investor has relied solely upon independent investigation made by the Investor. Without
limiting the generality of the foregoing, the Investor has not relied on any statements or other information provided by or on behalf
of any of the Placement Agents or any of their respective affiliates or any control persons, officers, directors, employees, partners,
agents or representatives of any of the foregoing concerning SPAC, the Company, the Transaction, the Transaction Agreements, this Subscription
Agreement or the transactions contemplated hereby or thereby, the Shares or the offer and sale of the Shares.

 

l.              The
Investor acknowledges that the Placement Agents: (i) have not provided the Investor with any information or advice with respect to the
Shares, (ii) have not made or make any representation, express or implied, as to SPAC, the Company, the Company’s credit quality,
the Shares or the Investor’s purchase of the Shares and have not provided any advice or recommendation in connection with the Subscription,
(iii) are acting solely as placement agents in connection with the Subscription and are not acting as an underwriter or in any other
capacity and are not and shall not be construed as a fiduciary for the Investor, the Company or any other person or entity in connection
with the purchase of Shares, (iv) may have acquired, or during the term of the Shares may acquire, non-public information with respect
to SPAC or the Company, which, subject to the requirements of applicable law, the Investor agrees need not be provided to it, and (v)
may have existing or future business relationships with SPAC or the Company (including, but not limited to, lending, depository, risk
management, advisory and banking relationships) and will pursue actions and take steps that it deems or they deem necessary or appropriate
to protect its or their interests arising therefrom without regard to the consequences for a holder of Shares, and that certain of these
actions may have material and adverse consequences for a holder of Shares.

 

    6

     

    

 

m.            The
Investor acknowledges that it has not relied on the Placement Agents in connection with its determination as to the legality of its acquisition
of the Shares or as to the other matters referred to herein and the Investor has not relied on any investigation that the Placement Agents,
any of their affiliates or any person acting on their behalf have conducted with respect to the Shares, SPAC or the Company. The Investor
further acknowledges that it has not relied on any information contained in any research reports prepared by the Placement Agents or
any of their affiliates.

 

n.             The
Investor acknowledges and agrees that no federal or state or foreign agency has passed upon or endorsed the merits of the offering of
the Shares or made any findings or determination as to the fairness of this investment.

 

o.             The
Investor has been duly formed or incorporated and is validly existing and is in good standing under the laws of its jurisdiction of formation
or incorporation, with power and authority to enter into, deliver and perform its obligations under this Subscription Agreement.

 

p.             The
execution, delivery and performance by the Investor of this Subscription Agreement are within the powers of the Investor, have been duly
authorized and will not constitute or result in a breach or default under or conflict with any order, ruling or regulation of any court
or other tribunal or of any governmental commission or agency, or any agreement or other undertaking, to which the Investor is a party
or by which the Investor is bound, and will not conflict with or violate any provisions of the Investor’s organizational documents,
including, without limitation, its incorporation or formation papers, bylaws, indenture of trust or partnership or operating agreement,
as may be applicable. The signature on this Subscription Agreement is genuine, and the signatory has been duly authorized to execute
the same, and, assuming that this Subscription Agreement constitutes the valid and binding obligation of the Company, this Subscription
Agreement constitutes a legal, valid and binding obligation of the Investor, enforceable against the Investor in accordance with its
terms except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium
or other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law or
equity.

 

q.             The
Investor is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked Persons administered by the U.S.
Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive Order issued by the President
of the United States and administered by OFAC (“OFAC List”), or a person or entity prohibited by any OFAC sanctions
program, (ii) owned, directly or indirectly, or controlled by, or acting on behalf of, one or more persons that are named on the OFAC
List, (iii) organized, incorporated, established, located, resident or born in, or a citizen, national or the government, including any
political subdivision, agency or instrumentality thereof, of, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine or any other
country or territory embargoed or subject to substantial trade restrictions by the United States, (iv) a Designated National as defined
in the Cuban Assets Control Regulations, 31 C.F.R. Part 515, or (v) a non-U.S. shell bank or providing banking services indirectly to
a non-U.S. shell bank (each, a “Prohibited Investor”). The Investor agrees to provide law enforcement agencies, if
requested thereby, such records as required by applicable law, provided that the Investor is permitted to do so under applicable law.
If the Investor is a financial institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.), as amended by the USA PATRIOT
Act of 2001, and its implementing regulations (collectively, the “BSA/PATRIOT Act”), the Investor maintains policies
and procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act. To the extent required, it maintains
policies and procedures reasonably designed to ensure compliance with OFAC-administered sanctions programs, including for the screening
of its investors against the OFAC sanctions programs, including the OFAC List. To the extent required by applicable law, the Investor
maintains policies and procedures reasonably designed to ensure that the funds held by the Investor and used to purchase the Shares were
legally derived and were not obtained, directly or indirectly, from a Prohibited Investor.

 

    7

     

    

 

r.              No
disclosure or offering document has been prepared by the Placement Agents in connection with the offer and sale of the Shares.

 

s.             None
of the Placement Agents, nor any of their respective affiliates nor any control persons, officers, directors, employees, partners, agents
or representatives of any of the foregoing have made any independent investigation with respect to SPAC, the Company or its subsidiaries
or any of their respective businesses, or the Shares or the accuracy, completeness or adequacy of any information supplied to the Investor
by the Company.

 

t.              In
connection with the purchase, sale and issuance of the Shares, no Placement Agent has acted as the Investor’s financial advisor
or fiduciary.

 

u.             The
Investor has or has commitments to have and, when required to deliver payment to the Company pursuant to Section 2 above, will
have, sufficient funds to pay the Subscription Amount and consummate the purchase and sale of the Shares pursuant to this Subscription
Agreement.

 

		7.	Registration Rights.

 

a.             The
Company agrees that, within forty-five (45) calendar days after the Closing Date, it will file with the SEC (at its sole cost and expense)
a registration statement registering the resale of the Shares (the “Registration Statement”), and it shall use its
commercially reasonable efforts to have the Registration Statement declared effective as soon as practicable after the filing thereof,
but no later than the earlier of (i) ninety (90) calendar days after the filing thereof (or one hundred twenty (120) calendar days after
the filing thereof if the SEC notifies the Company that it will “review” the Registration Statement) and (ii) ten (10) business
days after the Company is notified (orally or in writing, whichever is earlier) by the SEC that the Registration Statement will not be
 “reviewed” or will not be subject to further review. In connection with the foregoing, Investor shall not be required to
execute any lock- up or similar agreement or otherwise be subject to any contractual restriction on the ability to transfer the Shares.
The Company agrees to cause such Registration Statement, or another shelf registration statement that includes the Shares to be sold
pursuant to this Subscription Agreement, to remain effective until the earliest of (i) the second anniversary of the Closing, (ii) the
date on which the Investor ceases to hold any Shares issued pursuant to this Subscription Agreement, or (iii) the date on which the Investor
has sold all of its Shares issued pursuant to this Subscription Agreement (or shares received in exchange therefor) under Rule 144 promulgated
under the Securities Act (“Rule 144”) (such date, the “End Date”). Prior to the End Date, the Company
will use commercially reasonable efforts to qualify the Shares for listing on the applicable stock exchange. Notwithstanding the foregoing,
if the SEC prevents the Company from including any or all of the shares proposed to be registered under the Registration Statement due
to limitations on the use of Rule 415 of the Securities Act for the resale of the Shares by the applicable shareholders or otherwise
(and notwithstanding that the Company used diligent efforts to advocate with the staff of the SEC for the registration of all or a greater
part of the Shares), such Registration Statement shall register for resale such number of Shares which is equal to the maximum number
of Shares as is permitted by the SEC. In such event, the number of Shares to be registered for each selling shareholder named in the
Registration Statement shall be reduced pro rata among all such selling shareholders. The Investor agrees to disclose its ownership to
the Company upon request to assist it in making the determination with respect to Rule 144 described in clause (iii) above. The Company
may amend the Registration Statement so as to convert the Registration Statement to a Registration Statement on Form F- 3 at such time
after the Company becomes eligible to use such Form F-3. The Investor acknowledges and agrees that the Company may suspend the use of
any such registration statement if it determines that in order for such registration statement not to contain a material misstatement
or omission, an amendment thereto would be needed to include information that would at that time not otherwise be required in a current,
quarterly, or annual report under the Exchange Act, provided, that, (I) the Company shall not so delay filing or so suspend the
use of the Registration Statement for a period of more than ninety (90) consecutive days or more than a total of one hundred-twenty (120)
calendar days in any three hundred sixty (360) day period and (II) the Company shall use commercially reasonable efforts to make such
Registration Statement available for the sale by the Investor of such securities as soon as practicable thereafter. The Company’s
obligations to include the Shares issued pursuant to this Subscription Agreement (or shares issued in exchange therefor) for resale in
the Registration Statement are contingent upon the Investor furnishing in writing to the Company such information regarding the Investor,
the securities of the Company held by the Investor and the intended method of disposition of such Shares, which shall be limited to non-underwritten
public offerings, as shall be reasonably requested by the Company to effect the registration of such Shares, and shall execute such documents
in connection with such registration as the Company may reasonably request that are customary of a selling stockholder in similar situations.

 

    8

     

    

 

b.             The
Company will provide a draft of the Registration Statement to the Investor for review at least two (2) business days in advance of filing
the Registration Statement. In no event shall the Investor be identified as a statutory underwriter in the Registration Statement unless
in response to a comment or request from the staff of the SEC or another regulatory agency; provided, however, that if
the SEC requests that the Investor be identified as a statutory underwriter in the Registration Statement, the Investor will have an
opportunity to withdraw from the Registration Statement.

 

c.             Prior
to the End Date, the Company shall advise the Investor within five (5) business days (at the Company’s expense): (i) when a Registration
Statement or any post-effective amendment thereto has become effective; (ii) of any request by the SEC for amendments or supplements
to any Registration Statement or the prospectus included therein or for additional information; (iii) of the issuance by the SEC of any
stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for such purpose; (iv) of
the receipt by the Company of any notification with respect to the suspension of the qualification of the Shares included therein for
sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and (v) subject to the provisions in this
Subscription Agreement, of the occurrence of any event that requires the making of any changes in any Registration Statement or prospectus
so that, as of such date, the statements therein are not misleading and do not omit to state a material fact required to be stated therein
or necessary to make the statements therein (in the case of a prospectus, in the light of the circumstances under which they were made)
not misleading (provided that any such notice pursuant to this Section 7(c) shall solely provide that the use of the Registration
Statement or prospectus has been suspended without setting forth the reason for such suspension). the Company shall use its commercially
reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration Statement as soon as reasonably
practicable. Upon the occurrence of any event contemplated in clauses (i) through (v) above, except for such times as the Company is
permitted hereunder to suspend, and has suspended, the use of a prospectus forming part of a registration statement, the Company shall
use its commercially reasonable efforts to as soon as reasonably practicable prepare a posteffective amendment to such registration statement
or a supplement to the related prospectus, or file any other required document so that, as thereafter delivered to purchasers of the
Shares included therein, such prospectus will not include any untrue statement of a material fact or omit to state any material fact
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. The Investor
agrees that it will immediately discontinue offers and sales of the Shares using a Registration Statement until the Investor receives
copies of a supplemental or amended prospectus that corrects the misstatement(s) or omission(s) referred to above in clause (v) and receives
notice that any post-effective amendment has become effective or unless otherwise notified by the Company that it may resume such offers
and sales. If so directed by the Company, the Investor will deliver to the Company or, in the Investor’s sole discretion destroy,
all copies of the prospectus covering the Shares in the Investor’s possession; provided, however, that this obligation to deliver
or destroy all copies of the prospectus covering the Shares shall not apply (x) to the extent the Investor is required to retain a copy
of such prospectus in order to comply with applicable legal, regulatory, self-regulatory or professional requirements or in accordance
with a bona fide pre-existing document retention policy or (y) to copies stored electronically on archival servers as a result of automatic
data back-up.

 

d.             With
a view to making available to the Investor the benefits of Rule 144 that may, at such times as Rule 144 is available to the shareholders
of the Company, permit the Investors to sell securities of the Company to the public without registration, the Company agrees, subject
to the requirements and constrains of applicable (if applicable) Israeli laws and regulations including but not limited to Israeli Security
Law, to:

 

(i)              make
and keep public information available, as those terms are understood and defined in Rule 144;

 

(ii)             file
with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act
so long as the Company remains subject to such requirements and the filing of such reports and other documents is require for the applicable
provisions of Rule 144; and

 

    9

     

    

 

(iii)            furnish
to the Investor so long as such Investor owns the Shares acquired hereunder, within two (2) business days following its receipt of a
written request, (A) a written statement by the Company, if true, that it has complied with the reporting requirements of Rule 144, the
Securities Act and the Exchange Act, (B) a copy of the most recent annual or quarterly report of the Company and such other reports and
documents so filed by the Company (it being understood that the availability of such report on the SEC’s EDGAR system shall satisfy
this requirement) and (C) such other information as may be reasonably requested in writing to permit the Investor to sell such securities
pursuant to Rule 144 without registration.

 

e.             In
addition, in connection with any sale, assignment, transfer or other disposition of the Shares by the Investor pursuant to Rule 144 or
pursuant to any other exemption under the Securities Act such that the Shares held by the Investor become freely tradable and upon compliance
by the Investor with the requirements of this Subscription Agreement, if requested by the Investor, the Company shall use commercially
reasonable efforts to cause the transfer agent for the Shares (the “Transfer Agent”) to remove any restrictive legends
related to the book-entry account holding such Shares and make a new, unlegended entry for such book-entry Shares sold or disposed of
without restrictive legends within two (2) trading days of any such request therefor from the Investor, provided that the Company and
the Transfer Agent have timely received from the Investor customary representations and other documentation reasonably acceptable to
the Company and the Transfer Agent in connection therewith. Subject to receipt from the Investor by the Company and the Transfer Agent
of customary representations and other documentation reasonably acceptable to the Company and the Transfer Agent in connection therewith,
including, if required by the Transfer Agent, an opinion of the Company’s counsel, in a form reasonably acceptable to the Transfer
Agent, to the effect that the removal of such restrictive legends in such circumstances may be effected under the Securities Act, the
Investor may request that the Company remove any legend from the book-entry position evidencing its Shares following the earliest of
such time as such Shares (i) (x) are subject to and (y) have been sold or transferred pursuant to an effective registration statement,
(ii) have been sold pursuant to Rule 144, or (iii) are eligible for resale under Rule 144(b)(1) or any successor provision without the
requirement for the Company to be in compliance with the current public information requirement under Rule 144 and without volume or
manner-of-sale restrictions applicable to the sale or transfer of such Shares. If restrictive legends are no longer required for such
Shares pursuant to the foregoing, the Company shall use commercially reasonable efforts to, in accordance with the provisions of this
section and within two (2) trading days of any request therefor from the Investor accompanied by such customary and reasonably acceptable
representations and other documentation referred to above establishing that restrictive legends are no longer required, deliver to the
Transfer Agent irrevocable instructions that the Transfer Agent shall make a new, unlegended entry for such book-entry Shares. The Company
shall be responsible for the fees of its Transfer Agent and all DTC fees associated with such issuance.

 

		f.	Indemnification

 

(i)              The
Company agrees to indemnify and hold harmless, to the extent permitted by law, the Investor, its directors, and officers, employees,
and agents, and each person who controls the Investor (within the meaning of the Securities Act or the Exchange Act) and each affiliate
of the Investor (within the meaning of Rule 405 under the Securities Act) from and against any and all out- of-pocket losses, claims,
damages, liabilities and expenses (including, without limitation, any reasonable and documented attorneys’ fees and expenses incurred
in connection with defending or investigating any such action or claim) caused by any untrue statement of material fact contained in
any Registration Statement, prospectus included in any Registration Statement or preliminary prospectus or any amendment thereof or supplement
thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein
not misleading, except insofar as the same are caused by or contained in any information furnished in writing to the Company by or on
behalf of the Investor expressly for use therein.

 

(ii)             The
Investor agrees, severally and not jointly with any person that is a party to the Other Subscription Agreements, to indemnify and hold
harmless the Company, its directors and officers and agents and each person who controls the Company (within the meaning of the Securities
Act) against any losses, claims, damages, liabilities and expenses (including, without limitation, reasonable and documented attorneys’
fees) resulting from any untrue statement of material fact contained in the Registration Statement, prospectus or preliminary prospectus
or any amendment thereof or supplement thereto or any omission of a material fact required to be stated therein or necessary to make
the statements therein not misleading, but only to the extent that such untrue statement or omission is contained in any information
or affidavit so furnished in writing by or on behalf of the Investor expressly for use therein. In no event shall the liability of the
Investor be greater in amount than the dollar amount of the net proceeds received by the Investor upon the sale of the Shares purchased
pursuant to this Subscription Agreement giving rise to such indemnification obligation.

 

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(iii)            Any
person entitled to indemnification herein shall (1) give prompt written notice to the indemnifying party of any claim with respect to
which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s right to indemnification
hereunder to the extent such failure has not prejudiced the indemnifying party) and (2) permit such indemnifying party to assume the
defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party
shall not be subject to any liability for any settlement made by the indemnified party without its consent. An indemnifying party who
elects not to assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel for all parties
indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of legal counsel to any indemnified
party a conflict of interest exists between such indemnified party and any other of such indemnified parties with respect to such claim.
No indemnifying party shall, without the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement
which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the
terms of such settlement) or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff
to such indemnified party of a release from all liability in respect to such claim or litigation.

 

(iv)            The
indemnification provided for under this Subscription Agreement shall remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party or any officer, director, employee, agent, affiliate or controlling person of such indemnified
party and shall survive the transfer of the Shares purchased pursuant to this Subscription Agreement.

 

(v)             If
the indemnification provided under this Section 7(f) from the indemnifying party is unavailable or insufficient to hold harmless
an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the indemnifying party,
in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of
such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and the indemnified party, as well as any other relevant equitable considerations. The relative fault of the indemnifying party
and indemnified party shall be determined by reference to, among other things, whether any action in question, including any untrue or
alleged untrue statement of a material fact or omission or alleged omission to state a material fact, was made by, or relates to information
supplied by or on behalf of, such indemnifying party or indemnified party, and the indemnifying party’s and indemnified party’s
relative intent, knowledge, access to information and opportunity to correct or prevent such action. The amount paid or payable by a
party as a result of the losses or other liabilities referred to above shall be deemed to include, subject to the limitations set forth
above, any legal or other fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding.
No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
pursuant to this Section 7(f) from any person who was not guilty of such fraudulent misrepresentation. Any contribution pursuant
to this Section 7(f) by any seller of Shares shall be limited in amount to the amount of net proceeds received by such seller
from the sale of such Shares pursuant to the Registration Statement. Notwithstanding anything to the contrary herein, in no event will
any party be liable for consequential, special, exemplary or punitive damages in connection with this Subscription Agreement.

 

    11

     

    

 

8.             Termination.
This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of the parties
hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earlier to occur of (a)
such date and time as the Transaction Agreements are terminated in accordance with their terms without being consummated, (b) upon the
mutual written agreement of each of the parties hereto to terminate this Subscription Agreement, or (c) 90 days after the Outside Date
(as defined in each of the Transaction Agreements as in effect on the date hereof), if the Closing has not occurred by such date other
than as a result of a breach of Investor’s obligations hereunder (the termination events described in clauses (a)–(c) above,
collectively, the “Termination Events”); provided that nothing herein will relieve any party from liability
for any willful breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to
recover losses, liabilities or damages arising from any such willful breach. The Company shall notify the Investor in writing of the
termination of either of the Transaction Agreements promptly after the termination of such agreement. Upon the occurrence of any Termination
Event, this Subscription Agreement shall be void and of no further effect and any monies paid by the Investor to the Company in connection
herewith shall promptly (and in any event within five (5) business days) following the Termination Event be returned to the Investor.

 

9.             Trust
Account Waiver. The Investor acknowledges that SPAC is a blank check company with the powers and privileges to effect a merger, asset
acquisition, reorganization or similar business combination involving SPAC and one or more businesses or assets. The Investor further
acknowledges that, as described in SPAC’s prospectus relating to its initial public offering dated October 4, 2021 (the “Prospectus”)
available at www.sec.gov, substantially all of SPAC’s assets consist of the cash proceeds of SPAC’s initial public offering
and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust
Account”) for the benefit of SPAC, its public shareholders and the underwriters of SPAC’s initial public offering. Except
with respect to interest earned on the funds held in the Trust Account that may be released to SPAC to pay its tax obligations, the cash
in the Trust Account may be disbursed only for the purposes set forth in the Prospectus. The Investor hereby irrevocably waives any and
all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account,
and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement; provided,
however, that nothing in this Section 9 shall be deemed to limit the Investor’s right, title, interest or claim to
any monies held in the Trust Account by virtue of its record or beneficial ownership of common stock of SPAC currently outstanding on
the date hereof, pursuant to a validly exercised redemption right with respect to any such common stock, except to the extent that the
Investor has otherwise agreed with SPAC, the Company, or any of their respective affiliates to not exercise such redemption right.

 

		10.	Miscellaneous.

 

a.             Neither
this Subscription Agreement nor any rights that may accrue to the parties hereunder (other than the Shares acquired hereunder, if any)
may be transferred or assigned without the prior written consent of each of the other parties hereto; provided that (i) this Subscription
Agreement and any of the Investor’s rights and obligations hereunder may be assigned to any fund or account managed by the same
investment manager as the Investor or by an affiliate (as defined in Rule 12b-2 of the Exchange Act) of such investment manager without
the prior consent of the Company and (ii) the Investor’s rights under Section 7 may be assigned to a permitted assignee
or transferee of the Shares; provided further that prior to such assignment any such assignee shall agree in writing to be bound by the
terms hereof; provided, that no assignment pursuant to clause (i) of this Section 10 shall relieve the Investor of its obligations
hereunder.

 

b.             The
Company may each request from the Investor such additional information as the Company may deem necessary to register the resale of the
Shares and evaluate the eligibility of the Investor to acquire the Shares, and the Investor shall promptly provide such information as
may reasonably be requested to the extent readily available; provided, that, the Company agrees to keep any such information provided
by the Investor confidential except (i) as necessary to include in any registration statement or prospectus the Company is required to
file hereunder, (ii) as required by the federal securities laws or the securities laws of other applicable jurisdictions or pursuant
to other routine proceedings of regulatory authorities or (iii) to the extent such disclosure is required by law, at the request of the
staff of the SEC or other regulatory agency or under the regulations of any national securities exchange on which the Company’s
securities are to be listed for trading. The Investor acknowledges and agrees that if it does not provide the Company with such requested
information, the Company, as applicable, may not be able to register the Investor’s Shares for resale pursuant to Section 7
hereof. The Investor acknowledges that each of the Company or SPAC may file a copy of this Subscription Agreement (or a form of this
Subscription Agreement) with the SEC as an exhibit to a periodic report or a registration statement of the Company.

 

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c.             The
Investor acknowledges that the Company, the Placement Agents and others will rely on the acknowledgments, understandings, agreements,
representations and warranties contained in this Subscription Agreement, including Schedule A hereto. Prior to the Closing, the
Investor agrees to promptly notify the Company, SPAC and the Placement Agents if any of the acknowledgments, understandings, agreements,
representations and warranties set forth in Section 6 above are no longer accurate in any material respect (other than those acknowledgments,
understandings, agreements, representations and warranties qualified by materiality, in which case the Investor shall notify the Company
and the Placement Agents if they are no longer accurate in any respect). The Investor acknowledges and agrees that each purchase by the
Investor of Shares from the Company will constitute a reaffirmation of the acknowledgments, understandings, agreements, representations
and warranties herein (as modified by any such notice) by the Investor as of the time of such purchase.

 

d.             The
Investor agrees and acknowledges that, if in connection with the Transaction, the SEC or ISA requests or requires that tax opinions be
prepared and submitted with respect to the tax treatment of any part of the Transaction under the Business Combination Agreement for
the Company’s shareholders, if such a tax opinion is being provided by tax counsel, such Investor shall deliver to such tax counsel
customary tax representation letters satisfactory to such counsel, dated and executed as of such date(s) as determined reasonably necessary
by such counsel in connection with the preparation of such tax opinions.

 

e.             The
Company and the Placement Agents are each entitled to rely upon this Subscription Agreement, and each is irrevocably authorized to produce
this Subscription Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with
respect to the matters covered hereby; provided, however, that the foregoing clause of this Section 10(e) shall
not give the Placement Agents any rights other than those expressly set forth herein and, without limiting the generality of the foregoing
and for the avoidance of doubt, in no event shall the Placement Agent be entitled to rely on any of the representations and warranties
of the Company set forth in this Subscription Agreement.

 

f.              All
of the agreements, representations and warranties made by each party hereto in this Subscription Agreement shall survive the Closing.

 

g.             This
Subscription Agreement may not be modified, waived or terminated (other than pursuant to the terms of Section 8 above) except
by an instrument in writing, signed by each of the parties hereto and, to the extent required by the Transaction Agreements, SPAC. No
failure or delay of either party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single
or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any
course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies
of the parties hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have hereunder.

 

h.             This
Subscription Agreement (including the schedule hereto) constitutes the entire agreement, and supersedes all other prior agreements, understandings,
representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof. Except as set forth
in Section 6(f), Section 8, Section 10(c), Section 10(d), this Section 10(h) and Section 11
in each case with respect to the persons specifically referenced therein, and Section 6 with respect to the Placement Agents,
this Subscription Agreement shall not confer any rights or remedies upon any person other than the parties hereto, and their respective
successors and assigns, and the parties hereto acknowledge that such persons so referenced are third party beneficiaries of this Subscription
Agreement with right of enforcement for the purposes of, and to the extent of, the rights granted to them, if any, pursuant to the applicable
provisions.

 

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

 

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j.              If
any provision of this Subscription Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, illegal or unenforceable,
the validity, legality or enforceability of the remaining provisions of this Subscription Agreement shall not in any way be affected
or impaired thereby and shall continue in full force and effect.

 

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

 

l.              The
parties hereto acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Subscription
Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
shall be entitled to an injunction or injunctions to prevent breaches of this Subscription Agreement, without posting a bond or undertaking
and without proof of damages, to enforce specifically the terms and provisions of this Subscription Agreement, this being in addition
to any other remedy to which such party is entitled at law, in equity, in contract, in tort or otherwise.

 

m.            This
Subscription Agreement shall be governed by and construed in accordance with the laws of the State of New York (regardless of the laws
that might otherwise govern under applicable principles of conflicts of laws thereof) as to all matters (including any action, suit,
litigation, arbitration, mediation, claim, charge, complaint, inquiry, proceeding, hearing, audit, investigation or reviews by or before
any governmental entity related hereto), including matters of validity, construction, effect, performance and remedies.

 

n.             Each
party hereto hereby, and any person asserting rights as a third party beneficiary may do so only if he, she or it, irrevocably agrees
that any action, suit or proceeding between or among the parties hereto, whether arising in contract, tort or otherwise, arising in connection
with any disagreement, dispute, controversy or claim arising out of or relating to this Subscription Agreement or any related document
or any of the transactions contemplated hereby or thereby (“Legal Dispute”) shall be brought only to the exclusive
jurisdiction of the courts of the State of New York or the federal courts located in the Southern District of New York, and each party
hereto hereby consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action
or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the
laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding that is brought
in any such court has been brought in an inconvenient forum. During the period a Legal Dispute that is filed in accordance with this
Section 10(n) is pending before a court, all actions, suits or proceedings with respect to such Legal Dispute or any other Legal
Dispute, including any counterclaim, cross-claim or interpleader, shall be subject to the exclusive jurisdiction of such court. Each
party hereto and any person asserting rights as a third party beneficiary may do so only if he, she or it hereby waives, and shall not
assert as a defense in any Legal Dispute, that (a) such party is not personally subject to the jurisdiction of the above named courts
for any reason, (b) such action, suit or proceeding may not be brought or is not maintainable in such court, (c) such party’s property
is exempt or immune from execution, (d) such action, suit or proceeding is brought in an inconvenient forum, or (e) the venue of such
action, suit or proceeding is improper. A final judgment in any action, suit or proceeding described in this Section 10(n) following
the expiration of any period permitted for appeal and subject to any stay during appeal shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by applicable laws. EACH OF THE PARTIES HERETO AND ANY PERSON ASSERTING
RIGHTS AS A THIRD PARTY BENEFICIARY MAY DO SO ONLY IF HE, SHE OR IT IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT TO TRIAL BY JURY
ON ANY CLAIMS OR COUNTERCLAIMS ASSERTED IN ANY LEGAL DISPUTE RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY AND FOR ANY COUNTERCLAIM RELATING THERETO. IF THE SUBJECT MATTER OF ANY SUCH LEGAL DISPUTE IS ONE IN WHICH THE WAIVER OF JURY
TRIAL IS PROHIBITED, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A THIRD PARTY BENEFICIARY SHALL ASSERT IN SUCH LEGAL DISPUTE
A NONCOMPULSORY COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. FURTHERMORE,
NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A THIRD PARTY BENEFICIARY SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH A
SEPARATE ACTION OR OTHER LEGAL PROCEEDING IN WHICH A JURY TRIAL CANNOT BE WAIVED.

 

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o.             Any
notice or communication required or permitted hereunder to be given to the Investor shall be in writing and either delivered personally,
emailed or sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, to such
addresses or email addresses set forth on the signature page hereto, and shall be deemed to be given and received (i) when so delivered
personally, (ii) when sent, with no mail undeliverable or other rejection notice, if sent by email, or (iii) three (3) business days
after the date of mailing to the address below or to such other address or addresses as the Investor may hereafter designate by notice
to the Company.

 

p.             Any
notice or communication required or permitted hereunder to be given to the Company shall be in writing and either delivered personally,
emailed or sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, to such
addresses or email addresses set forth below, and shall be deemed to be given and received (i) when so delivered personally, (ii) when
sent, with no mail undeliverable or other rejection notice, if sent by email, or (iii) three (3) business days after the date of mailing
to the address below or to such other address or addresses as the Investor may hereafter designate by notice to the Company.

 

If to the Company, to it at:

 

HUB Cyber Security (Israel) Ltd. 

	 	 	 	 	 
	 	 	 	 	 
	 	Attention:	 	 	 
	 	Email:	 	 	 

 

with copies (which shall not constitute notice) to:

 

Latham & Watkins LLP 811 Main Street

Suite 3700

Houston, Texas 77002

Attention: Ryan Lynch and Michael Rosenberg

Email: Ryan.Lynch@lw.com and Michael.Rosenberg@lw.com

 

11.           Non-Reliance
and Exculpation. The Investor acknowledges that it is not relying upon, and has not relied upon, any statement, representation or
warranty made by any person, firm or corporation (including, without limitation, the Placement Agents, any of their respective affiliates
or any control persons, officers, directors, employees, partners, agents or representatives of any of the foregoing), other than the
statements, representations and warranties of the Company expressly contained in Section 5 of this Subscription Agreement, respectively,
in making its investment or decision to invest in the Company. The Investor acknowledges and agrees that none of (i) any Other Investor
pursuant to this Subscription Agreement or any Other Subscription Agreement related to the private placement of the Shares (including
the investor’s respective affiliates or any control persons, officers, directors, employees, partners, agents or representatives
of any of the foregoing), (ii) the Placement Agents, their respective affiliates or any control persons, officers, directors, employees,
partners, agents or representatives of any of the foregoing, or (iii) SPAC, any affiliates, or any control persons, officers, directors,
employees, partners, agents or representatives of any of SPAC, the Company or any other party to the Transaction Agreements, shall have
any liability to the Investor, or to any Other Investor, pursuant to, arising out of or relating to this Subscription Agreement or any
Other Subscription Agreement related to the private placement of the Shares, the negotiation hereof or thereof or its subject matter,
or the transactions contemplated hereby or thereby, including, without limitation, with respect to any action heretofore or hereafter
taken or omitted to be taken by any of them in connection with the purchase of the Shares or with respect to any claim (whether in tort,
contract or otherwise) for breach of this Subscription Agreement or in respect of any written or oral representations made or alleged
to be made in connection herewith, as expressly provided herein, or for any actual or alleged inaccuracies, misstatements or omissions
with respect to any information or materials of any kind furnished by the Company, the Placement Agents or any Non-Party Affiliate concerning
SPAC, the Company, the Placement Agents, any of their controlled affiliates, this Subscription Agreement or the transactions contemplated
hereby. For purposes of this Subscription Agreement, “Non-Party Affiliates” means each former, current or future officer,
director, employee, partner, member, manager, direct or indirect equityholder or affiliate of SPAC, the Company, any Placement Agent
or any of SPAC’s, the Company’s or any Placement Agent’s controlled affiliates or any family member of the foregoing.

 

    15

     

    

 

Confidential

 

12.           Disclosure.
The Company shall promptly following the date of this Subscription Agreement file reports with TASE and ISA, issue one or more press
releases and the SPAC shall file with the SEC a Current Report on Form 8-K (collectively, the “Disclosure Document”)
disclosing all material terms of the transactions contemplated hereby and by the Other Subscription Agreements, the Transaction and any
other material, nonpublic information that the Company has provided to the Investor at any time prior to the filing of the Disclosure
Document. Upon the issuance of the Disclosure Document, to the actual knowledge of the Company, the Investor shall not be in possession
of any material, non-public information received from the Company or any of its officers, directors, or employees or agents, and the
Investor shall no longer be subject to any confidentiality or similar obligations under any current agreement, whether written or oral,
with the Company or any of its affiliates, relating to the transactions contemplated by this Subscription Agreement. Notwithstanding
anything in this Subscription Agreement to the contrary, the Company shall not publicly disclose the name of the Investor or any of its
affiliates or advisers, or include the name of the Investor or any of its affiliates or advisers in any press release or in any filing
with the SEC, ISA or any regulatory agency or trading market, without the prior written consent of the Investor, except (i) as required
by any securities law or pursuant to other proceedings of regulatory authorities, (ii) to the extent such disclosure is required by law,
at the request of the staff of the SEC, ISA, TASE or regulatory agency or under the regulations of any national securities exchange on
which SPAC’s or the Company’s securities are listed for trading or (iii) to the extent such announcements or other communications
contain only information previously disclosed in a public statement, press release or other communication previously approved in accordance
with this Section 12.

 

[SIGNATURE PAGES FOLLOW]

 

    16

     

    

 

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

 

	Name
    of Investor:	State/Country
    of Formation or Domicile:
	 	 
	By:	 
	Name:	 
	Title:	 
	 	 
	Name
    in which Shares are to be registered (if different):	Date:
	 	 
	Investor’s
    EIN:	 
	 	 
	Business
    Address-Street:	Mailing
    Address-Street (if different):
	 	 
	City,
    State, Zip:	City,
    State, Zip:
	 	 
	Attn:	Attn:	 
	 	 
	Telephone
    No.:	Telephone
    No.:
	 	 
	Number
    of Shares subscribed for:	 
	 	 
	Aggregate
    Subscription Amount:	Price
    Per Share: $10.00

 

You
must pay the Subscription Amount by wire transfer of United States dollars in immediately available funds to the account specified by
the Company in the Closing Notice

 

     

     

    

 

IN WITNESS WHEREOF, the Company
has accepted this Subscription Agreement as of the date set forth below.

 

	 	HUB
    Cyber Security (Israel) Ltd.
	 	 
	 	By:	 
	 	Name:
    Eyal Moshe
	 	Title:
    Chief Executive Officer

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