Document:

Exhibit 10.13

 

AGREEMENT TO ASSIGN SPONSOR WARRANTS

 

February 2, 2018

 

Global Partner Acquisition Corp.

One Rockefeller Plaza, 11th Floor

New York, NY 10020

Attention: Paul J. Zepf

E-mail: pzepf@globalpartnerac.com

 

Continental Stock Transfer & Trust Company

As Warrant Agent

17 Battery Place

New York, NY 10004

Attention: Compliance Department

 

Ladies and Gentlemen:

 

Reference is made to that certain (i) agreement
and plan of merger by and among Global Partner Acquisition Corp. (the “Company”), PRPL Acquisition, LLC, a wholly
owned subsidiary of the Company, Purple Innovation, LLC, InnoHold, LLC (“InnoHold”), and Global Partner Sponsor I
LLC, in its capacity as Parent Representative, dated as of November 2, 2017 (as amended, the “Merger Agreement”)
and (ii) that certain warrant agreement (the “Warrant Agreement”) dated as of July 29, 2015, by and between
the Company and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”, also
referred to therein as the “Transfer Agent”). Unless otherwise defined herein, capitalized terms used herein
shall have the meanings ascribed thereto in the Warrant Agreement.

 

For good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Global Partner Sponsor I LLC (“Sponsor”), the Company
and the Warrant Agent hereby agree with the entities identified on Schedule A hereto (the “Assignees”) as follows:

 

		1.	Subject to and effective on the Closing, the Sponsor agrees to transfer and assign to the Assignees all of its right, title
and interest in and to the number of Private Placement Warrants (as defined in the Warrant Agreement) set forth opposite the names
of the Assignees on Schedule A.

 

		2.	Notwithstanding anything to the contrary in the Warrant Agreement, in consideration of the assignment of the Private Placement
Warrants pursuant hereto, each of the Assignees hereby agrees as follows:

 

		a.	Not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable
and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described
in Section 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the last sales
price of the Class A Common Stock reported has been at least $24.00 per share (subject to adjustment in compliance with Section
4 of the Warrant Agreement), on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third
Business Day prior to the date on which notice of the redemption is given and provided that there is an effective registration
statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto,
available throughout the 30-day Redemption Period (as defined in (b) below) or the Company has elected to require the exercise
of the Warrants on a “cashless basis” pursuant to subsection 3.3.1 of the Warrant Agreement.

 

     

     

    

 

		b.	In the event that the Company elects to redeem all of the Warrants, the Company shall fix a date for the redemption (the “Redemption
Date”). Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty
(30) days prior to the Redemption Date (such 30-day period, the “Redemption Period”) to the Registered Holders
of the Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the
manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder received such
notice.

 

		c.	On and after the Redemption Date, the record holder of the Warrants shall have no further rights except to receive, upon surrender
of the Warrants, the Redemption Price.

 

		d.	The Warrants may be exercised, for cash or on a “cashless basis” in accordance with Section 2.5 of the Warrant
Agreement. pursuant to subsection 3.3.1(c) of the Warrant Agreement,

 

		3.	The parties hereto hereby agree that all references to “Sponsor” in the Warrant Agreement shall be deemed to refer
to the Assignees and their Permitted Transferees.

 

		4.	This Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the
extent they relate in any way to the subject matter hereof. This Agreement may not be changed, amended, modified or waived to any
particular provision, except by a written instrument executed by all parties hereto.

 

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

 

		6.	This Agreement shall be construed and interpreted in a manner consistent with the provisions of the Merger Agreement. The provisions
set forth in Sections 10.2, 10.3, 10.5, 10.7, 10.8, 10.10 and 10.13 of the Merger Agreement, as of the date hereof, are hereby
incorporated by reference into, and shall be deemed to apply to, this Agreement as if all references to the “Agreement”
in such sections were instead references to this Agreement.

 

		7.	Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in
writing and shall be sent in the same manner as provided in the Merger Agreement. Notices to Sponsor shall be sent to the address
of the Purchaser Representative set forth in Section 10.1 of the Merger Agreement as of the date hereof, and as it may be changed
in accordance with Section 10.1 of the Merger Agreement so long as Sponsor remains the Purchaser Representative.

 

		8.	This Agreement shall terminate at such time, if any, as the Merger Agreement is terminated in accordance with its terms, and
upon such termination this Agreement shall be null and void and of no effect whatsoever, and the parties hereto shall have not
obligations under this Agreement.

 

[Signature page
follows]

 

     

     

    

 

Please indicate your agreement to the foregoing
by signing in the space provided below.

 

	 	GLOBAL PARTNER SPONSOR I LLC
	 	 	 
	 	By:	/s/ Paul Zepf
	 	Name:	Paul Zepf
	 	Title:	Managing Member

 

	GLOBAL PARTNER ACQUISITION CORP.	 
	 	 	 
	By: 	/s/ Paul Zepf	 
	Name: 	Paul Zepf	 
	Title: 	Chief Executive Officer	 
	 	 	 
	CONTINENTAL STOCK TRANSFER AND TRUST COMPANY
	As Warrant Agent	 
	 	 	 
	By:	 /s/ Henry Farrell	 
	Name: 	Henry Farrell	 
	Title: 	Vice President	 

 

     

     

    

 

Schedule A

 

	Name of Assignee:	 	Number of Warrants Assigned:	 
	Baleen Capital Fund LP	 	 	836,250	 
	Baleen Capital Investors II LLC	 	 	273,750	 
	Greenhaven Road Capital Fund 1, L.P.	 	 	1,200,000	 
	Royce Value Trust, Inc.	 	 	750,000	 
	David Capital Partners Fund, LP	 	 	202,500	 
	Pleiades Investment Partners – DC, L.P.	 	 	337,500	 
	Dane Capital Fund LP	 	 	150,000Exhibit
10.14

 

REGISTRATION
RIGHTS AGREEMENT

 

THIS
REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into as of February 2, 2018, by and among
Global Partner Acquisition Corp., a Delaware corporation, which will be known after the consummation of the transactions
contemplated by the Merger Agreement (as defined below) as “Purple Innovation, Inc.” (including any successor entity
thereto, the “Parent”), and the undersigned parties listed under Investors on the signature page hereto
(each an “Investor” and collectively, the “Investors”).

 

WHEREAS,
Parent is a party to that certain Agreement and Plan of Merger, dated as of November 2, 2017 (as amended, the “Merger
Agreement”), with Purple Innovation, LLC, a Delaware limited liability company (the “Company”),
PRPL Acquisition, LLC (“Merger Sub”), InnoHold, LLC, a Delaware limited liability company (“InnoHold”),
and Global Partner Sponsor I LLC, in its capacity thereunder as the Parent Representative, pursuant to which, subject to the terms
and conditions thereof, Merger Sub will merge with and into the Company with the Company continuing as the surviving entity;

 

WHEREAS,
on January 29, 2018, Parent, Global Partner Sponsor I LLC, a Delaware limited liability company (the “Sponsor”),
and the Investors entered into that certain Subscription and Backstop Agreement (the “Subscription Agreement”),
pursuant to which the Investors agreed to purchase shares of Parent’s Class A Common Stock (as defined below) in open market
purchases, privately negotiated purchases with third parties and a private placement with Parent to occur immediately prior to
or simultaneously with the consummation of the transactions under the Merger Agreement (the “Closing”),
and Sponsor agreed to transfer to the Investors certain of its Sponsor Warrants (as defined below) (the “Transferred
Sponsor Warrants”), subject to the certain restrictions as set forth in the Insider Letter (as defined below); and

 

WHEREAS,
the parties desire to enter into this Agreement to provide the Investors with certain rights relating to the registration of the
shares of Class A Common Stock to be acquired by the Investors, if any, in the private placement with Parent to occur immediately
prior to or simultaneously with the Closing (the “PIPE Shares”), the Transferred Sponsor Warrants and
the shares of Class A Common Stock issuable upon exercise of the Transferred Sponsor Warrants (the “Warrant Shares”).

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1. DEFINITIONS.
Any capitalized term used but not defined in this Agreement
will have the meaning ascribed to such term in the Subscription Agreement. The following capitalized terms used herein have the
following meanings:

 

“Agreement”
means this Agreement, as amended, restated, supplemented, or otherwise modified from time to time.

 

“Class
A Common Stock” means the class A common stock, par value $0.0001 per share, of Parent (including any successor
common equity securities into which such securities are exchanged or converted), as renamed in connection with the Closing from
common stock, par value $0.0001 per share, of Parent.

 

“Closing”
is defined in the recitals to this Agreement.

 

     

     

    

 

“Company”
is defined in the recitals to this Agreement.

 

“Demand
Registration” is defined in Section 2.1.1.

 

“Demanding
Holder” is defined in Section 2.1.1.

 

“Form
S-3” is defined in Section 2.3.

 

“Founder
Registration Rights Agreement” means that certain Registration Rights Agreement, dated as of July 29, 2015, between
Parent and Sponsor, as amended.

 

“Founder
Securities” means those securities included in the definition of “Registrable Security” specified in
the Founder Registration Rights Agreement.

 

“Indemnified
Party” is defined in Section 4.3.

 

“Indemnifying
Party” is defined in Section 4.3.

 

“InnoHold”
is defined in the recitals to this Agreement.

 

“InnoHold
Registration Rights Agreement” means that certain Registration Rights Agreement to be entered into by Parent and
InnoHold in connection with the Closing, as amended.

 

“InnoHold
Securities” means those securities included in the definition of “Registrable Securities” specified
in the InnoHold Registration Rights Agreement.

 

“Insider
Letter” means that letter agreement, dated as of July 29, 2015, by and between Parent, the Sponsor and the directors
and officers of Parent signatory thereto (which is attached as Exhibit 10.3 to Parent’s current report on Form 8-K filed
with the SEC on August 4, 2015).

 

“Investor(s)”
is defined in the preamble to this Agreement, and include any transferee of the Registrable Securities (so long as they remain
Registrable Securities) of an Investor permitted under this Agreement.

 

“Investor
Indemnified Party” is defined in Section 4.1.

 

“Maximum
Number of Shares” is defined in Section 2.1.4.

 

“Merger
Agreement” is defined in the recitals to this Agreement.

 

“Merger
Sub” is defined in the recitals to this Agreement.

 

“Other
PIPE Registrable Securities” means any securities which Parent may have obligations to register under Other PIPE
Registration Rights Agreements.

 

“Other
PIPE Registration Rights Agreements” means any registration rights agreements that have been or will be entered
into by the Parent prior to or in connection with the Closing in connection with any subscription and/or backstop arrangements
with potential investors in Parent in connection with the Closing.

 

“Other
Registrable Securities” means the Founder Securities, the InnoHold Securities and any Other PIPE Registrable Securities.

 

    2

     

    

 

“Other
Registration Rights Agreements” means the Founders Registration Rights Agreement, the InnoHold Registration Rights
Agreement and any Other PIPE Registration Rights Agreements.

 

“Parent”
is defined in the preamble to this Agreement, and shall include Parent’s successors by merger, acquisition, reorganization
or otherwise.

 

“Piggy-Back
Registration” is defined in Section 2.2.1.

 

“PIPE
Shares” is defined in the recitals to this Agreement.

 

“Pro
Rata” is defined in Section 2.2.2(a).

 

“Proceeding”
is defined in Section 6.10.

 

“Public
Warrants” means warrants included as part of the units issued by the Parent in its initial public offering.

 

“Register,”
“Registered” and “Registration” mean a registration effected by preparing
and filing a registration statement or similar document in compliance with the requirements of the Securities Act, and the applicable
rules and regulations promulgated thereunder, and such registration statement becoming effective.

 

“Registrable
Securities” means all of the PIPE Shares purchased by the Investors under the Subscription Agreement, the Transferred
Sponsor Warrants and the Warrant Shares issuable upon exercise of the Transferred Sponsor Warrants. Registrable Securities include
any warrants, share capital or other securities of Parent issued as a dividend or other distribution with respect to or in exchange
for or in replacement of such PIPE Shares, Transferred Sponsor Warrants and Warrant Shares. As to any particular Registrable Securities,
such securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect to the sale of such securities
shall have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged
in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred, new certificates for
them not bearing a legend restricting further transfer shall have been delivered by Parent and subsequent public distribution
of them shall not require registration under the Securities Act; (c) such securities shall have ceased to be outstanding or (d)
the Registrable Securities are freely saleable under Rule 144 without volume limitations.

 

“Registration
Expenses” is defined in Section 3.3.

 

“Registration
Statement” means a registration statement filed by Parent with the SEC in compliance with the Securities Act and
the rules and regulations promulgated thereunder for a public offering and sale of equity securities, or securities or other obligations
exercisable or exchangeable for, or convertible into, equity securities (other than a registration statement on Form S-4 or Form
S-8, or their successors, or any registration statement covering only securities proposed to be issued in exchange for securities
or assets of another entity).

 

“Specified
Courts” is defined in Section 6.10.

 

“Sponsor”
is defined in the recitals to this Agreement.

 

    3

     

    

 

“Sponsor
Warrants” means the warrants to purchase Class A Common Stock that the Sponsor acquired in a private placement that
occurred after the consummation of the Parent’s initial public offering.

 

“Subscription
Agreement” is defined in the recitals to this Agreement.

 

“Transferred
Sponsor Warrants” is defined in the recitals to this Agreement.

 

“Underwriter”
means a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part of
such dealer’s market-making activities.

 

“Warrant
Registration Filing Date” is defined in Section 2.5.

 

“Warrant
Registration Statement” is defined in Section 2.5.

 

“Warrant
Shares” is defined in the recitals to this Agreement.

 

2. REGISTRATION
RIGHTS.

 

2.1 Demand
Registration.

 

2.1.1 Request
for Registration. Subject to Section 2.4, at any time and from time to time after the Closing, Investors holding a majority-in-interest
of Registrable Securities then issued and outstanding may make a written demand for registration under the Securities Act of all
or part of their Registrable Securities (a “Demand Registration”). Any demand for a Demand Registration
shall specify the number of Registrable Securities proposed to be sold and the intended method(s) of distribution thereof. Within
thirty (30) days following receipt of any request for a Demand Registration, Parent will notify all other Investors holding Registrable
Securities of the demand, and each Investor holding Registrable Securities who wishes to include all or a portion of such Investor’s
Registrable Securities in the Demand Registration (each such Investor including shares of Registrable Securities in such registration,
a “Demanding Holder”) shall so notify Parent within fifteen (15) days after the receipt by such Investor
of the notice from Parent. Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities
included in the Demand Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. Parent shall not be
obligated to effect more than an aggregate of three (3) Demand Registrations under this Section 2.1.1 in respect of all Registrable
Securities.

 

2.1.2 Effective
Registration. A registration will not count as a Demand Registration until the Registration Statement filed with the SEC with
respect to such Demand Registration has been declared effective and Parent has complied with all of its obligations under this
Agreement with respect thereto; provided, however, that if, after such Registration Statement has been declared effective, the
offering of Registrable Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of the
SEC or any other governmental agency or court, the Registration Statement with respect to such Demand Registration will be deemed
not to have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or otherwise terminated,
and (ii) a majority-in-interest of the Demanding Holders thereafter elect to continue the offering; provided, further, that Parent
shall not be obligated to file a second Registration Statement until a Registration Statement that has been filed is counted as
a Demand Registration or is terminated.

 

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2.1.3 Underwritten
Offering. If a majority-in-interest of the Demanding Holders so elect and advise Parent as part of their written demand for
a Demand Registration that the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form
of an underwritten offering, then the right of any Demanding Holder to include their Registrable Securities in such registration
shall be conditioned upon such Demanding Holder’s participation in such underwriting and the inclusion of its Registrable
Securities in the underwriting to the extent provided herein. All Demanding Holders proposing to distribute their Registrable
Securities through such underwriting shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters
selected for such underwriting by a majority-in-interest of the Investors initiating the Demand Registration.

 

2.1.4 Reduction
of Offering. If the managing Underwriter or Underwriters for a Demand Registration that is to be an underwritten offering
advises Parent and the Demanding Holders in writing that the dollar amount or number of Registrable Securities which the Demanding
Holders desire to sell, taken together with all other Class A Common Stock or other securities which Parent desires to sell and
the Class A Common Stock or other securities, if any, as to which registration by Parent has been requested pursuant to written
contractual piggy-back registration rights held by other security holders of Parent who desire to sell, exceeds the maximum dollar
amount or maximum number of shares that can be sold in such offering without adversely affecting the proposed offering price,
the timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or maximum number
of shares, as applicable, the “Maximum Number of Shares”), then Parent shall include in such registration:
(i) first, the Registrable Securities as to which Demand Registration has been requested by the Demanding Holders (pro rata in
accordance with the number of securities that each applicable Person has requested be included in such registration, regardless
of the number of securities held by each such Person), that can be sold without exceeding the Maximum Number of Shares; (ii) second,
to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the Class A Common Stock
or other securities that Parent desires to sell that can be sold without exceeding the Maximum Number of Shares; and (iii) third,
to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the Class A Common
Stock or other securities for the account of other Persons that Parent is obligated to register pursuant to written contractual
arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares. In the event that Parent securities
that are convertible into Class A Common Stock are included in the offering, the calculations under this Section 2.1.4 shall include
such Parent securities on an as-converted to Class A Common Stock basis.

 

2.1.5 Withdrawal.
If a majority-in-interest of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to include
all of their Registrable Securities in any offering, such majority-in-interest of the Demanding Holders may elect to withdraw
from such offering by giving written notice to Parent and the Underwriter or Underwriters of their request to withdraw prior to
the effectiveness of the Registration Statement filed with the SEC with respect to such Demand Registration. If the majority-in-interest
of the Demanding Holders withdraw from a proposed offering relating to a Demand Registration in such event, then such registration
shall not count as a Demand Registration provided for in Section 2.1. Notwithstanding anything to the contrary in this Agreement,
but subject to Section 4, the Parent shall be responsible for the Registration Expenses incurred in connection with a Registration
pursuant to a Demand Registration prior to its withdrawal under this Section 2.1.5.

 

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2.2 Piggy-Back
Registration.

 

2.2.1 Piggy-Back
Rights. Subject to Section 2.4, if at any time after the Closing Parent proposes to file a Registration Statement under the
Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable
for, or convertible into, equity securities, by Parent for its own account or for security holders of Parent for their account
(or by Parent and by security holders of Parent including pursuant to Section 2.1), other than the Warrant Registration Statement
or a Registration Statement (i) filed in connection with any employee share option or other benefit plan, (ii) for an exchange
offer or offering of securities solely to Parent’s existing shareholders, (iii) for an offering of debt that is convertible
into equity securities of Parent, (iv) for a dividend reinvestment plan, then Parent shall (x) give written notice of such proposed
filing to Investors holding Registrable Securities as soon as practicable but in no event less than ten (10) days before the anticipated
filing date, which notice shall describe the amount and type of securities to be included in such offering, the intended method(s)
of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, of the offering, and (y) offer to
Investors holding Registrable Securities in such notice the opportunity to register the sale of such number of Registrable Securities
as such Investors may request in writing within five (5) days following receipt of such notice (a “Piggy-Back Registration”).
To the extent permitted by applicable securities laws with respect to such registration by Parent or another demanding shareholder,
Parent shall cause such Registrable Securities to be included in such registration and shall use its best efforts to cause the
managing Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested to be
included in a Piggy-Back Registration on the same terms and conditions as any similar securities of Parent and to permit the sale
or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof. All Investors
holding Registrable Securities proposing to distribute their Registrable Securities through a Piggy-Back Registration that involves
an Underwriter or Underwriters shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters
selected for such Piggy-Back Registration.

 

2.2.2 Reduction
of Offering. If the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten offering
advises Parent and the Investors holding Registrable Securities proposing to distribute their Registrable Securities through such
Piggy-Back Registration in writing that the dollar amount or number of Class A Common Stock or other Parent securities which Parent
desires to sell, taken together with (i) the Class A Common Stock or other Parent securities, if any, as to which registration
has been demanded pursuant to written contractual arrangements with Persons other than the Investors hereunder, (ii) the Registrable
Securities as to which registration has been requested under this Section 2.2, and (iii) the Class A Common Stock or other Parent
securities, if any, as to which registration has been requested pursuant to the written contractual piggy-back registration rights
of other security holders of Parent, exceeds the Maximum Number of Shares, then Parent shall include in any such registration:

 

(a) If
the registration is undertaken for Parent’s account: (i) first, the Class A Common Stock or other securities that Parent
desires to sell that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that the Maximum Number
of Shares has not been reached under the foregoing clause (i), the Other Registrable Securities as to which piggy-back registration
has been requested pursuant to the Other Registration Rights Agreements and the Registrable Securities of the Investors as to
which registration has been requested pursuant to this Section 2.2, together that can be sold without exceeding the Maximum Number
of Shares, with the Other Registrable Securities and Registrable Securities being included pro rata in accordance with the number
of securities that each such Person has requested be included in such piggy-back registration, regardless of the number of securities
held by each such Person (such proportion is referred to herein as “Pro Rata”); and (iii) third, to
the extent that the Maximum Number of shares has not been reached under the foregoing clauses (i) and (ii), the Class A Common
Stock or other securities for the account of other Persons that Parent is obligated to register pursuant to written contractual
arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares;

 

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(b) If
the registration is a “demand” registration undertaken at the demand of holders of Other Registrable Securities under
an Other Registration Rights Agreement: (i) first, the Other Registrable Securities for the account of the demanding holders under
the Other Registration Rights Agreement that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent
that the Maximum Number of Shares has not been reached under the foregoing clause (i), the Class A Common Stock or other securities
that Parent desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the extent that the
Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the Other Registrable Securities as to
which piggy-back registration has been requested pursuant to the Other Registration Rights Agreements (excluding the holders who
exercised such demand rights) and the Registrable Securities of the Investors as to which registration has been requested pursuant
to this Section 2.2, together that can be sold without exceeding the Maximum Number of Shares, with such Other Registrable Securities
and Registrable Securities being included Pro Rata; and (iv) fourth, to the extent that the Maximum Number of Shares has not been
reached under the foregoing clauses (i), (ii) and (iii), the Class A Common Stock or other securities for the account of other
Persons that Parent is obligated to register pursuant to written contractual arrangements with such Persons and that can be sold
without exceeding the Maximum Number of Shares; and

 

(c) If
the registration is a “demand” registration undertaken at the demand of Persons other than the Investors holding Registrable
Securities or the holders of Other Registrable Securities, (i) first, the Class A Common Stock or other securities for the account
of such demanding Persons that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that the
Maximum Number of Shares has not been reached under the foregoing clause (i), the Class A Common Stock or other securities that
Parent desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the extent that the Maximum
Number of Shares has not been reached under the foregoing clauses (i) and (ii), the Other Registrable Securities as to which piggy-back
registration has been requested pursuant to the Other Registration Rights Agreements and the Registrable Securities of the Investors
as to which registration has been requested pursuant to this Section 2.2, together that can be sold without exceeding the Maximum
Number of Shares, with such Other Registrable Securities and Registrable Securities being included Pro Rata; and (iv) fourth,
to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii) and (iii), the Class
A Common Stock or other securities for the account of other Persons that Parent is obligated to register pursuant to written contractual
arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares.

 

In
the event that Parent securities that are convertible into Class A Common Stock are included in the offering, the calculations
under this Section 2.2.2 shall include such Parent securities on an as-converted to Class A Common Stock basis. Notwithstanding
anything to the contrary contained above, to the extent that the registration of the Registrable Securities of the Investors would
prevent Parent or the demanding stockholders from effecting such registration and offering, such Investors shall not be permitted
to exercise Piggy-Back Registration rights with respect to such registration and offering.

 

2.2.3 Withdrawal.
Any Investor holding Registrable Securities may elect to withdraw its request for inclusion of Registrable Securities in any Piggy-Back
Registration by giving written notice to Parent of such request to withdraw prior to the effectiveness of the Registration Statement.
Parent (whether on its own determination or as the result of a withdrawal by Persons making a demand pursuant to written contractual
obligations) may withdraw a Registration Statement at any time prior to the effectiveness of such Registration Statement without
any liability to the Investor, subject to the next sentence and the provisions of Section 4. Notwithstanding any such withdrawal,
Parent shall pay all expenses incurred in connection with such Piggy-Back Registration as provided in Section 3.3 by Investors
holding Registrable Securities that have requested to have their Registrable Securities included in such Piggy-Back Registration.

 

    7

     

    

 

2.3 Registrations
on Form S-3. After the Closing, subject to Section 2.4, Investors holding Registrable Securities may at any time and from
time to time, request in writing that Parent register the resale of any or all of such Registrable Securities on Form S-3 or any
similar short-form registration which may be available at such time (“Form S-3”); provided, however,
that Parent shall not be obligated to effect such request through an underwritten offering. As soon as practicable after receipt
of such written request, Parent will give written notice of the proposed registration to all other Investors holding Registrable
Securities, and, as soon as practicable thereafter Parent will effect the registration of all or such portion of Investors’
Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities, if any,
of any other Investors joining in such request as are specified in a written request given within fifteen (15) days after receipt
of such written notice from Parent; provided, however, that Parent shall not be obligated to effect any such registration pursuant
to this Section 2.3: (i) if Form S-3 is not available to Parent for such offering; or (ii) if Investors holding Registrable Securities,
together with the holders of any other securities of Parent entitled to inclusion in such registration, propose to sell Registrable
Securities and such other securities (if any) at any aggregate price to the public of less than $1,000,000. Registrations effected
pursuant to this Section 2.3 shall not be counted as Demand Registrations effected pursuant to Section 2.1.

 

2.4 Restriction
of Offerings. Notwithstanding anything to the contrary contained in this Agreement, except pursuant to Section 2.5 below,
the Investors shall not be entitled to request, and Parent shall not be obligated to effect, or to take any action to effect,
any registration (including any Demand Registration or Piggy-Back Registration) pursuant to this Section 2 with respect to any
Transferred Sponsor Warrants or Warrant Shares that are Registrable Securities during the applicable Lock-Up Periods (as such
term is defined in the Insider Letter) while they are subject to restrictions on transfer under the Insider Letter.

 

2.5 Warrant
Registration Statement. On or prior to February 14, 2018 (the “Warrant Registration Filing Date”),
Parent will prepare and file with the SEC a Registration Statement (the “Warrant Registration Statement”)
to register the resale of the Sponsor Warrants and all of the shares of Class A Common Stock issuable upon exercise of the Parent’s
issued and outstanding Public Warrants and Sponsor Warrants, including the Warrant Shares, which Warrant Registration Statement
will be treated as a Registration Statement for purposes of this Agreement, including Sections 3 and 4 hereof; provided, that
the Transferred Sponsor Warrants and Warrant Shares of each Investor will be included for registration in the Warrant Registration
Statement only to the extent that such Investor promptly provides to Parent upon request (and in any event at least two (2) Business
Days prior to the Warrant Registration Filing Date) all of the information required by Section 3.4 below with respect to the Warrant
Registration Statement.

 

3. REGISTRATION
PROCEDURES.

 

3.1 Filings;
Information. Whenever Parent is required to effect the registration of any Registrable Securities by Investors pursuant to
Section 2, Parent shall use its best efforts to effect the registration and sale of such Registrable Securities in accordance
with the intended method(s) of distribution thereof as expeditiously as practicable, and in connection with any such request:

 

3.1.1 Filing
Registration Statement. Parent shall use its best efforts to, as expeditiously as possible after receipt of a request for
a Demand Registration pursuant to Section 2.1, prepare and file with the SEC a Registration Statement on any form for which Parent
then qualifies or which counsel for Parent shall deem appropriate and which form shall be available for the sale of all Registrable
Securities to be registered thereunder in accordance with the intended method(s) of distribution thereof, and shall use its best
efforts to cause such Registration Statement to become effective and use its best efforts to keep it effective for the period
required by Section 3.1.3; provided, however, that Parent shall have the right to defer any Demand Registration for up to ninety
(90) days, and any Piggy-Back Registration for such period as may be applicable to deferment of any demand registration to which
such Piggy-Back Registration relates, in each case if Parent shall furnish to Investors requesting to include their Registrable
Securities in such registration a certificate signed by the President, Chief Executive Officer or Chairman of Parent stating that,
in the good faith judgment of the Board of Directors of Parent, it would be materially detrimental to Parent and its shareholders
for such Registration Statement to be effected at such time; provided further, however, that Parent shall not have the right to
exercise the right set forth in the immediately preceding proviso more than once in any 365-day period in respect of a Demand
Registration hereunder.

 

    8

     

    

 

3.1.2 Copies.
Parent shall, prior to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish without
charge to Investors holding Registrable Securities included in such registration, and such Investors’ legal counsel, copies
of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each
case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such Registration
Statement (including each preliminary prospectus), and such other documents as Investors holding Registrable Securities included
in such registration or legal counsel for such Investors may request in order to facilitate the disposition of the Registrable
Securities owned by such Investors.

 

3.1.3 Amendments
and Supplements. Parent shall prepare and file with the SEC such amendments, including post-effective amendments, and supplements
to such Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statement
effective and in compliance with the provisions of the Securities Act until all Registrable Securities and other securities covered
by such Registration Statement have been disposed of in accordance with the intended method(s) of distribution set forth in such
Registration Statement or such securities have been withdrawn or until such time as the Registrable Securities cease to be Registrable
Securities as defined by this Agreement.

 

3.1.4 Notification.
After the filing of a Registration Statement, Parent shall promptly, and in no event more than three (3) Business Days after such
filing, notify Investors holding Registrable Securities included in such Registration Statement of such filing, and shall further
notify such Investors promptly and confirm such advice in writing in all events within three (3) Business Days after the occurrence
of any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective amendment to such
Registration Statement becomes effective; (iii) the issuance or threatened issuance by the SEC of any stop order (and Parent shall
take all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request by the SEC
for any amendment or supplement to such Registration Statement or any prospectus relating thereto or for additional information
or of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter
delivered to the purchasers of the securities covered by such Registration Statement, such prospectus will not contain an untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements
therein not misleading, and promptly make available to Investors holding Registrable Securities included in such Registration
Statement any such supplement or amendment; except that before filing with the SEC a Registration Statement or prospectus or any
amendment or supplement thereto, Parent shall furnish to Investors holding Registrable Securities included in such Registration
Statement and the legal counsel of such Investors copies of all such documents proposed to be filed sufficiently in advance of
filing to provide such Investors and legal counsel with a reasonable opportunity to review such documents and comment thereon,
and Parent shall not file any Registration Statement or prospectus or amendment or supplement thereto to which such Investors
or their legal counsel shall object.

 

3.1.5 State
Securities Laws Compliance. Prior to any public offering of Registrable Securities, Parent shall use its best efforts to (i)
register or qualify the Registrable Securities covered by the Registration Statement under such securities or “blue sky”
laws of such jurisdictions in the United States as Investors holding Registrable Securities included in such Registration Statement
(in light of their intended plan of distribution) may reasonably request and (ii) take such action necessary to cause such Registrable
Securities covered by the Registration Statement to be registered with or approved by such other governmental authorities as may
be necessary by virtue of the business and operations of Parent and do any and all other acts and things that may be necessary
or advisable to enable Investors holding Registrable Securities included in such Registration Statement to consummate the disposition
of such Registrable Securities in such jurisdictions; provided, however, that Parent shall not be required to qualify generally
to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph or take any action
to which it would be subject to general service of process or taxation in any such jurisdiction where it is not then otherwise
so subject.

 

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3.1.6 Agreements
for Disposition. Parent shall enter into customary agreements (including, if applicable, an underwriting agreement in customary
form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable
Securities. The representations, warranties and covenants of Parent in any underwriting agreement which are made to or for the
benefit of any Underwriters, to the extent applicable, shall also be made to and for the benefit of Investors holding Registrable
Securities included in such Registration Statement. No Investor holding Registrable Securities included in such Registration Statement
shall be required to make any representations or warranties in the underwriting agreement except, if applicable, with respect
to such Investor’s organization, good standing, authority, title to Registrable Securities, lack of conflict of such sale
with such Investor’s material agreements and organizational documents, and with respect to written information relating
to such Investor that such Investor has furnished in writing expressly for inclusion in such Registration Statement.

 

3.1.7 Cooperation.
The principal executive officer of Parent, the principal financial officer of Parent, the principal accounting officer of Parent
and all other officers and members of the management of Parent shall cooperate fully in any offering of Registrable Securities
hereunder, which cooperation shall include the preparation of the Registration Statement with respect to such offering and all
other offering materials and related documents, and participation in meetings with Underwriters, attorneys, accountants and potential
investors.

 

3.1.8 Records.
Parent shall make available for inspection by Investors holding Registrable Securities included in such Registration Statement,
any Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other
professional retained by any Investor holding Registrable Securities included in such Registration Statement or any Underwriter,
all financial and other records, pertinent corporate documents and properties of Parent, as shall be necessary to enable them
to exercise their due diligence responsibility, and cause Parent’s officers, directors and employees to supply all information
requested by any of them in connection with such Registration Statement.

 

3.1.9 Opinions
and Comfort Letters. Parent shall furnish to each Investor holding Registrable Securities included in such Registration Statement
a signed counterpart, addressed to such Investor, of (i) any opinion of counsel to Parent delivered to any Underwriter and (ii)
any comfort letter from Parent’s independent public accountants delivered to any Underwriter. In the event no legal opinion
is delivered to any Underwriter, Parent shall furnish to each Investor holding Registrable Securities included in such Registration
Statement, at any time that such Investor elects to use a prospectus, an opinion of counsel to Parent to the effect that the Registration
Statement containing such prospectus has been declared effective and that no stop order is in effect.

 

3.1.10 Earnings
Statement. Parent shall comply with all applicable rules and regulations of the SEC and the Securities Act, and make available
to its shareholders, as soon as practicable, an earnings statement covering a period of twelve (12) months, which earnings statement
shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder.

 

3.1.11 Listing.
Parent shall use its best efforts to cause all Registrable Securities that are Class A Common Stock included in any registration
to be listed on such exchanges or otherwise designated for trading in the same manner as similar securities issued by Parent are
then listed or designated or, if no such similar securities are then listed or designated, in a manner satisfactory to Investors
holding a majority-in-interest of the Registrable Securities included in such registration.

 

    10

     

    

 

3.1.12 Road
Show. If the registration involves the registration of Registrable Securities involving gross proceeds in excess of $25,000,000,
Parent shall use its reasonable efforts to make available senior executives of Parent to participate in customary “road
show” presentations that may be reasonably requested by the Underwriter in any underwritten offering.

 

3.2 Obligation
to Suspend Distribution. Upon receipt of any notice from Parent of the happening of any event of the kind described in Section
3.1.4(iv), or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by Parent,
pursuant to a written insider trading compliance program adopted by Parent’s Board of Directors, of the ability of all “insiders”
covered by such program to transact in Parent’s securities because of the existence of material non-public information,
each Investor holding Registrable Securities included in such Registration Statement shall immediately discontinue disposition
of its Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until such Investor
receives the supplemented or amended prospectus contemplated by Section 3.1.4(iv) or the restriction on the ability of “insiders”
to transact in Parent’s securities is removed, as applicable, and, if so directed by Parent, each such Investor will deliver
to Parent all copies, other than permanent file copies then in such Investor’s possession, of the most recent prospectus
covering such Registrable Securities at the time of receipt of such notice.

 

3.3 Registration
Expenses. Subject to Section 4, Parent shall bear all costs and expenses incurred in connection with any Demand Registration
pursuant to Section 2.1, any Piggy-Back Registration pursuant to Section 2.2, and any registration on Form S-3 effected pursuant
to Section 2.3, and all expenses incurred in performing or complying with its other obligations under this Agreement, whether
or not the Registration Statement becomes effective (“Registration Expenses”), including: (i) all registration
and filing fees; (ii) fees and expenses of compliance with securities or “blue sky” laws (including fees and
disbursements of counsel in connection with blue sky qualifications of the Registrable Securities); (iii) printing expenses; (iv)
Parent’s internal expenses (including all salaries and expenses of its officers and employees); (v) the fees and expenses
incurred in connection with the listing of the Registrable Securities as required by Section 3.1.11; (vi) Financial Industry Regulatory
Authority fees; (vii) fees and disbursements of counsel for Parent and fees and expenses for independent certified public accountants
retained by Parent (including the expenses or costs associated with the delivery of any opinions or comfort letters requested
pursuant to Section 3.1.9); (viii) the fees and expenses of any special experts retained by Parent in connection with such registration
and (ix) the fees and expenses of one legal counsel selected by Investors holding a majority-in-interest of the Registrable Securities
included in such registration. Parent shall have no obligation to pay any underwriting discounts or selling commissions attributable
to the Registrable Securities being sold by the Investors, which underwriting discounts or selling commissions shall be borne
by the Investors. Additionally, in an underwritten offering, all selling security holders and Parent shall bear the expenses of
the Underwriter pro rata in proportion to the respective amount of securities each is selling in such offering.

 

3.4 Information.
Investors holding Registrable Securities included in such Registration Statement shall provide such information as may reasonably
be requested by Parent, or the managing Underwriter, if any, in connection with the preparation of any Registration Statement
including any Registrable Securities of the Investors, including amendments and supplements thereto, in order to effect the registration
of any Registrable Securities under the Securities Act pursuant to Section 2 and in connection with the obligation to comply with
federal and applicable state securities laws.

 

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4. INDEMNIFICATION
AND CONTRIBUTION.

 

4.1 Indemnification
by Parent. Parent agrees to indemnify and hold harmless each Investor, and each Investor’s officers, employees, affiliates,
directors, partners, members, attorneys and agents, and each Person, if any, who controls an Investor (within the meaning of Section
15 of the Securities Act or Section 20 of the Exchange Act) (each, an “Investor Indemnified Party”),
from and against any expenses, losses, judgments, claims, damages or liabilities, whether joint or several, arising out of or
based upon any untrue statement of a material fact contained in any Registration Statement under which the sale of such Registrable
Securities was registered under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained
in the Registration Statement, or any amendment or supplement to such Registration Statement, or arising out of or based upon
any omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading,
or any violation by Parent of the Securities Act or any rule or regulation promulgated thereunder applicable to Parent and relating
to action or inaction required of Parent in connection with any such registration; and Parent shall promptly reimburse the Investor
Indemnified Party for any legal and any other expenses reasonably incurred by such Investor Indemnified Party in connection with
investigating and defending any such expense, loss, judgment, claim, damage, liability or action; provided, however, that Parent
will not be liable in any such case to the extent that any such expense, loss, claim, damage or liability arises out of or is
based upon any untrue statement or omission made in such Registration Statement, preliminary prospectus, final prospectus, or
summary prospectus, or any such amendment or supplement, in reliance upon and in conformity with information furnished to Parent,
in writing, by such selling holder expressly for use therein. Parent also shall indemnify any Underwriter of the Registrable Securities,
their officers, affiliates, directors, partners, members and agents and each Person who controls such Underwriter on substantially
the same basis as that of the indemnification provided above in this Section 4.1.

 

4.2 Indemnification
by the Investors. Each Investor selling Registrable Securities will, in the event that any registration is being effected
under the Securities Act pursuant to this Agreement of any Registrable Securities held by such selling Investor, indemnify and
hold harmless Parent, each of its directors and officers and each Underwriter (if any), and each other selling holder and each
other Person, if any, who controls another selling holder or such Underwriter within the meaning of the Securities Act, against
any losses, claims, judgments, damages or liabilities, whether joint or several, insofar as such losses, claims, judgments, damages
or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement of a material fact contained
in any Registration Statement under which the sale of such Registrable Securities was registered under the Securities Act, any
preliminary prospectus, final prospectus or summary prospectus contained in the Registration Statement, or any amendment or supplement
to the Registration Statement, or arise out of or are based upon any omission to state a material fact required to be stated therein
or necessary to make the statement therein not misleading, if the statement or omission was made in reliance upon and in conformity
with information furnished in writing to Parent by such Investor expressly for use therein, and shall reimburse Parent, its directors
and officers, each Underwriter and each other selling holder or controlling Person for any legal or other expenses reasonably
incurred by any of them in connection with investigation or defending any such loss, claim, damage, liability or action. Each
selling Investor’s indemnification obligations hereunder shall be several and not joint and shall be limited to the amount
of any net proceeds actually received by such selling Investor.

 

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4.3 Conduct
of Indemnification Proceedings. Promptly after receipt by any Person of any notice of any loss, claim, damage or liability
or any action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such Person (the “Indemnified
Party”) shall, if a claim in respect thereof is to be made against any other Person for indemnification hereunder,
notify such other Person (the “Indemnifying Party”) in writing of the loss, claim, judgment, damage,
liability or action; provided, however, that the failure by the Indemnified Party to notify the Indemnifying Party shall not relieve
the Indemnifying Party from any liability which the Indemnifying Party may have to such Indemnified Party hereunder, except and
solely to the extent the Indemnifying Party is actually prejudiced by such failure. If the Indemnified Party is seeking indemnification
with respect to any claim or action brought against the Indemnified Party, then the Indemnifying Party shall be entitled to participate
in such claim or action, and, to the extent that it wishes, jointly with all other Indemnifying Parties, to assume control of
the defense thereof with counsel satisfactory to the Indemnified Party. After notice from the Indemnifying Party to the Indemnified
Party of its election to assume control of the defense of such claim or action, the Indemnifying Party shall not be liable to
the Indemnified Party for any legal or other expenses subsequently incurred by the Indemnified Party in connection with the defense
thereof other than reasonable costs of investigation; provided, however, that in any action in which both the Indemnified Party
and the Indemnifying Party are named as defendants, the Indemnified Party shall have the right to employ separate counsel (but
no more than one such separate counsel) to represent the Indemnified Party and its controlling Persons who may be subject to liability
arising out of any claim in respect of which indemnity may be sought by the Indemnified Party against the Indemnifying Party,
with the fees and expenses of such counsel to be paid by such Indemnifying Party if, based upon the written opinion of counsel
of such Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential
differing interests between them. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, consent
to entry of judgment or effect any settlement of any claim or pending or threatened proceeding in respect of which the Indemnified
Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such judgment
or settlement includes an unconditional release of such Indemnified Party from all liability arising out of such claim or proceeding.

 

4.4 Contribution.

 

4.4.1 If
the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect
of any loss, claim, damage, liability or action referred to herein, then each such Indemnifying Party, in lieu of indemnifying
such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such loss, claim,
damage, liability or action in such proportion as is appropriate to reflect the relative fault of the Indemnified Parties and
the Indemnifying Parties in connection with the actions or omissions which resulted in such loss, claim, damage, liability or
action, as well as any other relevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying
Party shall be determined by reference to, among other things, whether the untrue statement of a material fact or the omission
to state a material fact relates to information supplied by such Indemnified Party or such Indemnifying Party and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.

 

4.4.2 The
parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.4 were determined by pro
rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in
the immediately preceding Section 4.4.1.

 

4.4.3 The
amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the
immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses
incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the
provisions of this Section 4.4, no holder of Registrable Securities shall be required to contribute any amount in excess of the
dollar amount of the net proceeds (after payment of any underwriting fees, discounts, commissions or taxes) actually received
by such holder from the sale of Registrable Securities which gave rise to such contribution obligation. No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation.

 

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5. UNDERWRITING
AND DISTRIBUTION.

 

5.1 Rule
144. Parent covenants that it shall file any reports required to be filed by it under the Securities Act and the Exchange
Act and shall take such further action as Investors holding Registrable Securities may reasonably request, all to the extent required
from time to time to enable such Investors to sell Registrable Securities without registration under the Securities Act within
the limitation of the exemptions provided by Rule 144 under the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the SEC.

 

6. MISCELLANEOUS.

 

6.1 Other
Registration Rights. Parent represents and warrants that as of the date of this Agreement, no Person, other than the holders
of (i) the Registrable Securities, (ii) the Founder Securities, (iii) the InnoHold Securities and (iv) the Other PIPE Registrable
Securities, has any right to require Parent to register any of Parent’s capital stock for sale or to include Parent’s
capital stock in any registration filed by Parent for the sale of capital stock for its own account or for the account of any
other Person.

 

6.2 Assignment;
No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of Parent hereunder may not be assigned
or delegated by Parent in whole or in part. This Agreement and the rights, duties and obligations of Investors holding Registrable
Securities hereunder may be freely assigned or delegated by such Investor in conjunction with and to the extent of any permitted
transfer of Registrable Securities by such Investor. This Agreement and the provisions hereof shall be binding upon and shall
inure to the benefit of each of the parties, to the permitted assigns of the Investors or of any assignee of the Investors. This
Agreement is not intended to confer any rights or benefits on any Persons that are not party hereto other than as expressly set
forth in Article 4 and this Section 6.2.

 

6.3 Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt, (iii) one
Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business
Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable
Party at the following addresses (or at such other address for a Party as shall be specified by like notice):

 

	If
        to Parent, to:

         

        Purple
        Innovation, Inc.

        123 E. 200 N.

        Alpine, UT 84004

        Attn: Casey McGarvey

        Email: casey@purple.com
	With
        a copy to (which shall not constitute notice):

         

        Dorsey
        & Whitney LLP

        111 S. Main St., Suite 2100

        Salt Lake City, UT 84111

        Attn: Nolan S. Taylor

        Email: taylor.nolan@dorsey.com

        Fax: (801) 933-7373

        Tel: (801) 933-7366

	If
    to an Investor, to the address set forth next to such Investor’s name on Exhibit A hereto.

 

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

 

6.5 Counterparts.
This Agreement may be executed in multiple counterparts (including by facsimile or pdf or other electronic document transmission),
each of which shall be deemed an original, and all of which taken together shall constitute one and the same instrument.

 

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6.6 Entire
Agreement. This Agreement (together with the Subscription Agreement to the extent incorporated herein, and including all agreements
entered into pursuant hereto or thereto or referenced herein or therein and all certificates and instruments delivered pursuant
hereto and thereto) constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes all
prior and contemporaneous agreements, representations, understandings, negotiations and discussions between the parties, whether
oral or written, relating to the subject matter hereof; provided, that, for the avoidance of doubt, the foregoing shall not affect
the rights and obligations of the parties under the Subscription Agreement or the rights or obligations of the parties under the
Other Registrations Rights Agreements. For the avoidance of doubt, the Investors acknowledge and agree that notwithstanding anything
to the contrary contained herein or in the Subscription Agreement, they shall have no rights under the Founder Registration Rights
Agreement, including with respect to the Transferred Sponsor Warrants and Warrant Shares.

 

6.7 Interpretation.
Titles and headings of sections of this Agreement are for convenience only and shall not affect the construction of any provision
of this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this Agreement shall include
the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural
and vice versa; (ii) “including” (and with correlative meaning “include”) means including without limiting
the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words
“without limitation”; (iii) the words “herein,” “hereto,” and “hereby” and other
words of similar import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not to any particular
section or other subdivision of this Agreement; and (iv) the term “or” means “and/or”. The parties have
participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

6.8 Amendments;
Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance, and either retroactively or prospectively) only with the written agreement or consent of
Parent and Investors holding a majority-in-interest of the Registrable Securities. No failure or delay by a party in exercising
any right hereunder shall operate as a waiver thereof. No waivers of or exceptions to any term, condition, or provision of this
Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such term,
condition, or provision.

 

6.9 Remedies
Cumulative. In the event a party fails to observe or perform any covenant or agreement to be observed or performed under this
Agreement, the other parties may proceed to protect and enforce its rights by suit in equity or action at law, whether for specific
performance of any term contained in this Agreement or for an injunction against the breach of any such term or in aid of the
exercise of any power granted in this Agreement or to enforce any other legal or equitable right, or to take any one or more of
such actions, without being required to post a bond. None of the rights, powers or remedies conferred under this Agreement shall
be mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to any other right, power or remedy,
whether conferred by this Agreement or now or hereafter available at law, in equity, by statute or otherwise.

 

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6.10 Governing
Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of
Delaware without regard to the conflict of laws principles thereof. All actions, claims or other legal proceedings arising out
of or relating to this Agreement (a “Proceeding”) shall be heard and determined exclusively in any state
or federal court located in the State of Delaware (or in any court in which appeal from such courts may be taken) (the “Specified
Courts”). Each party hereto hereby (a) submits to the exclusive jurisdiction of any Specified Court for the purpose
of any Proceeding brought by any party hereto and (b) irrevocably waives, and agrees not to assert by way of motion, defense
or otherwise, in any such Proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts,
that its property is exempt or immune from attachment or execution, that the Proceeding is brought in an inconvenient forum, that
the venue of the Proceeding is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in
or by any Specified Court. Each party agrees that a final judgment in any Proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by applicable law. Each party irrevocably consents
to the service of the summons and complaint and any other process in any Proceeding, on behalf of itself, or its property, by
personal delivery of copies of such process to such party at the applicable address set forth in Section 6.3. Nothing in this
Section 6.10 shall affect the right of any party to serve legal process in any other manner permitted by applicable law.

 

6.11 WAIVER
OF TRIAL BY JURY. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT,
COUNTERCLAIM OR OTHER PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, CONNECTED WITH OR RELATING TO
THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE ACTIONS OF THE INVESTORS IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE
OR ENFORCEMENT HEREOF.

 

{REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGES FOLLOW}

 

    16

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be executed and delivered as of the date first
written above.

 

	 	Parent:
	 	 
	 	Global
    Partner Acquisition Corp.
	 	 
	 	By: 	/s/
    Paul Zepf
	 	Name: 	Paul Zepf
	 	Title:  	Chief Executive Officer

 

	 	Investors:
	 	 
	 	Baleen
    Capital Fund LP
	 	 	 
	 	By:	Baleen Capital Management LLC,
	 	 	its Investment Manager

 

	 	By:	/s/
    Fang Li
	 	Name:	Fang Li
	 	Title:  	Managing Member

 

	 	Baleen
    Capital Investors II LLC
	 	 
	 	By:	Baleen Capital Management
    LLC,
	 	 	its Managing Manager

 

	 	By: 	/s/
    Fang Li
	 	Name:  	Fang Li
	 	Title: 	Managing Member

 

	 	Greenhaven
    Road Capital Fund 1, L.P.
	 	 
	 	By:	Greenhaven Road Investment
    Management
	 	 	its Managing Manager

 

	 	By:	/s/
    Scott Miller
	 	Name:	Scott Miller
	 	Title:	Authorized Person

 

{Signature
Page to PIPE Registration Rights Agreement}

 

    17

     

    

 

	 	Royce
    Value Trust, Inc.
	 	 
	 	By:	/s/
    Christopher D. Clark
	 	Name: 	Christopher D. Clark
	 	Title:  	President

 

	 	David
    Capital Partners Fund, LP
	 	 
	 	By:	David Capital Partners, LLC
    
	 	 	its Managing Manager

 

	 	By: 	/s/
    Adam J. Patinkin
	 	Name: 	Adam J. Patinkin, CFA
	 	Title:  	Managing Partner

 

	 	Pleiades
    Investment Partners – DC, L.P.
	 	 
	 	By:	David Capital Partners, LLC
    
	 	 	its Investment Advisor

 

	 	By:	/s/
    Adam J. Patinkin
	 	Name:	Adam J. Patinkin, CFA
	 	Title:	Managing Partner

 

	 	Dane
    Capital Fund LP
	 	 
	 	By:	Dane Capital LLC
	 	 	its Investment Manager

 

	 	By:	/s/
    Eric Gomberg
	 	Name: 	Eric Gomberg
	 	Title: 	Managing Member

 

{Signature
Page to PIPE Registration Rights Agreement}

 

    18

     

    

 

EXHIBIT
A

Investors

 

	Name
    of Investor	Address
    of Investor
	Baleen
    Capital Fund LP	404
    5th Avenue, Floor 3

    New York, NY 10018
	Baleen
    Capital Investors II LLC	404
    5th Avenue, Floor 3

    New York, NY 10018
	Greenhaven
    Road Capital Fund 1, L.P.	70
    Greenhaven Road

    Rye, NY 10580
	Royce
    Value Trust, Inc.	745
    Fifth Avenue

    New York, New York 10151
	David
    Capital Partners Fund, LP	737
    N. Michigan Avenue, Suite 1405

    Chicago, IL 60611
	Pleiades
    Investment Partners – DC, L.P.	6022
    West Chester Pike

    Newtown Square, PA 19073
	Dane
    Capital Fund LP	747
    3rd Avenue, 4th Floor

    New York, NY 10017

 

     A-1

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