Document:

Exhibit 10.6

 

FORM OF REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) dated as of the [●], 2021, by and among eToro
Group Ltd., a company organized under the laws of the British Virgin Islands (the “Company”), SPAC (as defined
below) and the securityholders hereto who have executed a signature page or Joinder Agreement (as defined below) to this Agreement
(the “Shareholders”).

 

WITNESSETH:

 

WHEREAS, FinTech Investor Holdings V, LLC,
a Delaware limited liability company, and FinTech Masala Advisors V, LLC, a Delaware limited liability company (collectively, the
“Sponsor”), and FinTech Acquisition Corp. V, a Delaware corporation (“SPAC”), are parties
to that certain Registration Rights Agreement, dated as of December 3, 2020, as amended (the “Previous Sponsor Agreement”);

 

WHEREAS, certain investors (such investors,
collectively, the “PIPE Investors”) have agreed to purchase Common Shares (the “PIPE Shares”)
in a transaction exempt from registration under the Securities Act pursuant to the respective subscription agreements, each dated
as of March 16, 2021, entered into by and between the Company and each of the PIPE Investors (each, a “Subscription Agreement”
and, collectively, the “Subscription Agreements”);

 

WHEREAS, pursuant to Section 5.5 of
the Previous Sponsor Agreement, the provisions, covenants and conditions set forth therein may be amended or modified upon the
written consent of SPAC and the Holders (solely with respect to this paragraph, as defined in the Previous Sponsor Agreement) of
at least a majority-in-interest of the Registrable Securities (solely with respect to this paragraph, as defined in the Previous
Sponsor Agreement) at the time in question, and the Sponsor is a Holder in the aggregate of at least a majority-in-interest of
the Registrable Securities as of the date hereof; and

 

WHEREAS, in connection with the consummation
of the transactions (the “Business Combination”) contemplated by the Agreement and Plan of Merger, dated as
of March 16, 2021 by and among the Company, Buttonwood Merger Sub Corp., a Delaware corporation, and SPAC (the “Merger
Agreement”), (x) each of SPAC and the Sponsor desire that, effective as of the Closing (as defined below), the Previous
Sponsor Agreement shall be cancelled and shall be of no further force and effect, and (y) each of the applicable parties hereto
desire that, effective upon the Closing, the Company shall grant the Shareholders certain registration rights with respect to certain
securities of the Company and the Shareholders shall be subject to the restrictions, each as set forth in this Agreement.

 

NOW, THEREFORE, in consideration of the
representations, covenants and agreements contained herein, and certain other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1. Definitions.
As used herein, the following terms have the following meanings:

 

1.1 
“Adverse Disclosure” shall mean any public disclosure of material non-public information, which disclosure,
in the good faith judgment of the Chief Executive Officer or the Chief Financial Officer of the Company, after consultation with
counsel to the Company, (i) would be required to be made in any Registration Statement or Prospectus in order for the applicable
Registration Statement or Prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements contained therein (in the case of any prospectus and any preliminary prospectus, in the light of the circumstances
under which they were made) not misleading, (ii) would not be required to be made at such time if the Registration Statement were
not being filed, declared effective or used, as the case may be, and (iii) the Company has a bona fide business purpose for not
making such information public.

 

     

    

    

 

1.2 “Agreement”
shall have the meaning given in the preamble.

 

1.3 
“Board” shall mean the Board of Directors of the Company.

 

1.4 
“Business Combination” shall have the meaning given in the recitals.

 

1.5 
“Business Day” means any day other than a Saturday, a Sunday or other day on which commercial banks in New York,
New York, Tel-Aviv, Israel or the British Virgin Islands are authorized or required by applicable law to close.

 

1.6 
“Closing” means the closing of the Business Combination.

 

1.7 “Closing
Date” means the date of the Closing.

 

1.8 “Common
Shares” means, following the Closing Date, the common shares, no par value, of the Company.

 

1.9 
“Company” shall have the meaning given in the preamble.

 

1.10 “Exchange
Act” means the Securities Exchange Act of 1934, as it may be amended from time to time.

 

1.11 “Form
F-1 Shelf” shall have the meaning given in Section 2.1.

 

1.12 “Form
F-3 Shelf” shall have the meaning given in Section 2.1.

 

1.13 
“Governmental Entity” means, with respect to the United States, Israel, British Virgin Islands or any other
foreign or supranational entity: (a) any federal, provincial, state, local, municipal, foreign, national or international court,
governmental commission, government or governmental authority, department, regulatory or administrative agency, board, bureau,
agency or instrumentality or tribunal, or similar body; (b) any self-regulatory organization; or (c) any political subdivision
of any of the foregoing.

 

1.14 
“Holder” means any Shareholder that is party to this Agreement or listed on a Schedule to this Agreement (including,
for the avoidance of doubt, the Shelf Holders) and holds outstanding Registrable Securities.

 

1.15 “Holder
Information” shall have the meaning given in Section 4.2.

 

1.16 “Insider
Letter” means that certain letter agreement, dated as of December 3, 2020, among SPAC, the Sponsors and the Insiders
(as such term is defined therein).

 

1.17 “Joinder
Agreement” means a joinder agreement, in substantially the form attached hereto as Exhibit A.

 

1.18 “Legal
Proceeding” means any action, suit, hearing, claim, charge, audit, lawsuit, litigation, inquiry or proceeding (in each
case, whether civil, criminal or administrative or at law or in equity) by or before a Governmental Entity.

 

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1.19 “Legal
Requirements” shall mean any federal, state, local, municipal, foreign or other law, statute, constitution, treaty, principle
of common law, resolution, ordinance, code, edict, decree, rule, regulation, ruling, injunction, judgment, order, assessment, writ
or other legal requirement, administrative policy or guidance, or requirement issued, enacted, adopted, promulgated, implemented
or otherwise put into effect by or under the authority of any Governmental Entity.

 

1.20 “Lock-Up
Agreement” means the Lock-Up Agreement, dated the date hereof, by and among the Company, the Sponsor and the other parties
listed on Schedule I thereto.

 

1.21 “Maximum
Number of Securities” shall have the meaning given in Section 2.3.2.

 

1.22 
“Merger Agreement” shall have the meaning given in the recitals.

 

1.23 
“Misstatement” shall mean an untrue statement of a material fact or an omission to state a material fact required
to be stated in a Registration Statement or Prospectus or necessary to make the statements in a Registration Statement or Prospectus
(in the case of a Prospectus, in the light of the circumstances under which they were made) not misleading.

 

1.24 
“Permitted Transferees” shall have the meaning given in Section 5.6.2.

 

1.25 “Person”
shall mean any individual, corporation (including any non-profit corporation), general partnership, limited partnership, limited
liability partnership, joint venture, estate, trust, company (including any limited liability company or joint stock company),
firm or other enterprise, association, organization, entity or Governmental Entity.

 

1.26 
“PIPE Investors” shall have the meaning given in the recitals.

 

1.27 “PIPE
Shares” shall have the meaning given in the recitals.

 

1.28 “Previous
Sponsor Agreement” shall have the meaning given in the recitals.

 

1.29 “Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as
amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

1.30 
“Registrable Securities” means the Common Shares owned by any Holder party hereto immediately following the
Closing, including any Common Shares issuable upon the exercise of warrants, and any other equity security of the Company issued
or issuable with respect to any such Common Shares by way of a share dividend or share split or in connection with a combination
of share, acquisition, recapitalization, consolidation, reorganization, share exchange, share reconstruction and amalgamation or
contractual control arrangement with, purchasing all or substantially all of the assets of, or engagement in any other similar
transaction; provided that as to any particular Registrable Security, such securities shall cease to be Registrable Securities
on the earlier to occur of (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 Transferred in accordance with such Registration Statement by the
applicable Holder; (B)(i) such securities shall have been otherwise Transferred, (ii) new certificates for such securities not
bearing (or book-entry positions not subject to) a legend restricting further Transfer shall have been delivered by the Company
and (iii) subsequent public distribution of such securities shall not require Registration; (C) such securities shall have ceased
to be outstanding; (D) such securities are freely saleable without Registration by the Holder thereof pursuant to Rule 144, as
promulgated under the Securities Act (without the need for any manner of sale requirement or volume limitation and without the
requirement for the Company to be in compliance with the current public information requirement under Rule 144(c)(1) (or Rule 144(i)(2),
if applicable)); or (E) such securities are sold to, or through, a broker, dealer or underwriter in a public distribution or other
public securities transaction.

 

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1.31 “Registration”
shall mean a registration, including any related Underwritten Offering, 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.

 

1.32 “Registration
Expenses” shall mean the documented, out-of-pocket expenses of a Registration, including, without limitation, the following:

 

1.32.1 all
registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory
Authority, Inc.) and any national securities exchange on which the Common Shares are then listed;

 

1.32.2 fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of outside counsel for
the Underwriters, if any, in connection with blue sky qualifications of Registrable Securities);

 

1.32.3 printing,
messenger, telephone and delivery expenses;

 

1.32.4 reasonable
fees and disbursements of counsel for the Company;

 

1.32.5 reasonable
fees and disbursements of one (1) counsel for the Sponsor, not to exceed $30,000; and

 

1.32.6 reasonable
fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with
such Registration.

 

1.33 
“Registration Statement” shall mean any registration statement that covers Registrable Securities pursuant to
the provisions of this Agreement, including the Prospectus included in such registration statement, amendments (including post-effective
amendments) and supplements to such registration statement, and all exhibits to and all material incorporated by reference in such
registration statement.

 

1.34 
“SEC” means the Securities and Exchange Commission.

 

1.35 “Securities
Act” means the Securities Act of 1933, as amended.

 

1.36 “Shareholders”
shall have the meaning given in the preamble.

 

1.37 “Shelf”
shall mean the Form F-1 Shelf, the Form F-3 Shelf or any Subsequent Shelf Registration Statement, as the case may be.

 

1.38 “Shelf
Holders” shall mean the Holders set forth on Schedule I hereto, which Schedule, notwithstanding anything
else in this Agreement, shall be subject to amendment at the Company’s sole discretion, with any such Holder’s participation
in a Registration evidence of their agreement to be bound by the terms of this Agreement.

 

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1.39 “Shelf
Registration” shall mean a Registration of securities pursuant to a Registration Statement filed with the SEC in accordance
with and pursuant to Rule 415 promulgated under the Securities Act (or any successor rule then in effect).

 

1.40 “Shelf
Underwriting” shall have the meaning given in Section 2.3.

 

1.41 “SPAC”
shall have the meaning given in the recitals.

 

1.42 
“Sponsor” shall have the meaning given in the recitals.

 

1.43 
“Sponsor Early Release Date” shall have the meaning given thereto in the Lock-Up Agreement.

 

1.44 “Sponsor
Early Release Shares” shall have the meaning given thereto in the Lock-Up Agreement.

 

1.45 “Subscription
Agreement” shall have the meaning given in the recitals.

 

1.46 “Subsequent
Shelf Registration Statement” shall have the meaning given in Section 2.2.

 

1.47 
“Transfer” shall mean, directly or indirectly, the (x) sale or assignment of,
offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement
to dispose of 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 Exchange Act with respect to, any security, (y) entry into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of, or any other derivative
transaction with respect to, any security, whether any such transaction is to be settled by delivery of such securities, in cash
or otherwise, or (z) public announcement of any intention to effect any transaction specified in clause (x) or (y).

 

1.48 “Underwriter”
shall mean 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.

 

1.49 “Underwriting
Request” shall have the meaning given in Section 2.3.

 

1.50 “Underwritten
Offering” shall mean a Registration in which securities of the Company are sold to an Underwriter in a firm commitment
underwriting for distribution to the public.

 

1.51 “U.S.
Business Day” means any day other than a Saturday, a Sunday or other day on which commercial banks in New York, New York
are authorized or required by applicable law to close.

 

1.52 “Withdrawal
Notice” shall have the meaning given in Section 2.3.3.

 

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2. Registration.
The following provisions govern the Registration of the Company’s securities:

 

2.1 Filing.
 As soon as practicable but no later than (x) ten (10) U.S. Business Days following the Closing Date, if the Closing Date occurs
on or before September 30, 2021 or (y) five (5) U.S. Business Days following the Closing Date, if the Closing Date occurs after
September 30, 2021, the Company shall submit to or file with the SEC a Registration Statement for a Shelf Registration on Form
F-1 (the “Form F-1 Shelf”) or a Registration Statement for a Shelf Registration on Form F-3 (the “Form
F-3 Shelf”), if the Company is then eligible to use a Form F-3 Shelf, in each case, covering the resale of all the Registrable
Securities (determined as of two (2) Business Days prior to such submission or filing) on a delayed or continuous basis and shall
use its commercially reasonable efforts to have such Shelf declared effective as soon as practicable after the filing thereof,
but no later than the earlier of (a) the sixtieth (60th) calendar day following the filing date thereof if the SEC notifies the
Company that it will “review” the Registration Statement and (b) the fifth (5th) U.S. Business Day after the date 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. Such Shelf shall provide for the resale of the Registrable Securities included therein
pursuant to any method or combination of methods legally available to, and requested by, the majority-in-interest of the Holders
named therein. The Company shall maintain a Shelf in accordance with the terms hereof, and shall prepare and file with the SEC
such amendments, including post-effective amendments, and supplements as may be necessary to keep a Shelf continuously effective,
available for use to permit the Holders named therein to sell their Registrable Securities included therein and in compliance with
the provisions of the Securities Act until such time as there are no longer any Registrable Securities. In the event the Company
files a Form F-1 Shelf, the Company shall use its commercially reasonable efforts to convert the Form F-1 Shelf (and any Subsequent
Shelf Registration Statement) to a Form F-3 Shelf as soon as practicable after the Company is eligible to use Form F-3. The Company’s
obligation under this Section 2.1, shall, for the avoidance of doubt, be subject to Section 3.5. References
to Form F-1 and F-3 herein (or any successors thereto) shall include references to Form S-1 and S-3 (or any successors thereto)
if the Company ceases to be eligible to use Form F-1 or Form F-3.

 

2.2 Subsequent
Shelf Registration. If any Shelf ceases to be effective under the Securities Act for any reason at any time while Registrable
Securities are still outstanding, the Company shall use its commercially reasonable efforts to as promptly as is reasonably practicable
cause such Shelf to again become effective under the Securities Act (including using its commercially reasonable efforts to obtain
the prompt withdrawal of any order suspending the effectiveness of such Shelf), and shall use its commercially reasonable efforts
to, as promptly as is reasonably practicable, amend such Shelf in a manner reasonably expected to result in the withdrawal of any
order suspending the effectiveness of such Shelf or file an additional Registration Statement as a Shelf Registration (a “Subsequent
Shelf Registration Statement”) registering the resale of all Registrable Securities (determined as of two (2) Business
Days prior to such filing), and pursuant to any method or combination of methods legally available to, and requested by, a majority-in-interest
of the Holders named therein. If a Subsequent Shelf Registration Statement is filed, the Company shall use its commercially reasonable
efforts to (i) cause such Subsequent Shelf Registration Statement to become effective under the Securities Act as promptly as is
reasonably practicable after the filing thereof and (ii) keep such Subsequent Shelf Registration Statement continuously effective,
available for use to permit the Holders named therein to sell their Registrable Securities included therein and in compliance with
the provisions of the Securities Act until such time as there are no longer any Registrable Securities. Any such Subsequent Shelf
Registration Statement shall be on Form F-3 to the extent that the Company is eligible to use such form. Otherwise, such Subsequent
Shelf Registration Statement shall be on another appropriate form. The Company’s obligation under this Section 2.2,
shall, for the avoidance of doubt, be subject to Section 3.5.

 

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2.3 Request
for Underwritten Offering. 

 

2.3.1 Shelf
Underwriting. During the thirty (30) day period beginning on the Sponsor Early Release Date, the Sponsor may make one (1) written
demand to elect to sell all or any part of the Sponsor Early Release Shares pursuant to an Underwritten Offering pursuant to the
Registration Statement, which written demand shall describe the amount and type of securities to be included in such Registration
and the intended method(s) of distribution thereof; provided that the Company shall only be obligated to effect an Underwritten
Offering if such offering shall include Registrable Securities proposed to be sold by the Sponsor, with a total offering price
reasonably expected to exceed, in the aggregate, $50 million. The Sponsor shall make such election by delivering to the Company
a written request (an “Underwriting Request”) for such Underwritten Offering specifying the number of Sponsor
Early Release Shares that the Sponsor desires to sell pursuant to such Underwritten Offering (the “Shelf Underwriting”).
The Sponsor shall have the right to select the Underwriters for such offering (which shall consist of one or more reputable internationally
recognized investment banks), subject to the Company’s prior approval (which shall not be unreasonably withheld, conditioned
or delayed). The Company shall use its reasonable best efforts to effect such Shelf Underwriting, including the filing of any prospectus
supplement or any post-effective amendments and otherwise taking any action necessary to include therein all disclosure and language
deemed necessary or advisable by the Sponsor to effect such Shelf Underwriting.

 

2.3.2 Reduction
of Shelf Underwriting. If the managing Underwriter or Underwriters in the Shelf Underwriting, in good faith, advises the Company
and the Sponsor with respect to such Shelf Underwriting in writing that the dollar amount or number of Registrable Securities that
the Sponsor desires to sell, taken together with all other Common Shares or other equity securities that the Company desires to
sell and all other Common Shares or other equity securities, if any, that have been requested to be sold in the Shelf Underwriting
pursuant to separate written contractual piggy-back registration rights held by any other shareholders, exceeds the maximum dollar
amount or maximum number of equity securities that can be sold in the Shelf Underwriting 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 such securities, as applicable, the “Maximum Number of Securities”), then the Company shall
include in the Shelf Underwriting, before including any Common Shares or other equity securities proposed to be sold by the Company
or by other holders of Common Shares or other equity securities, the Registrable Securities of the Sponsor that can be sold without
exceeding the Maximum Number of Securities.

 

2.3.3 Withdrawal.
Prior to the filing of the applicable “red herring” Prospectus or Prospectus supplement used for marketing the Shelf
Underwriting, the Sponsor shall have the right to withdraw from the Shelf Underwriting for any or no reason whatsoever upon written
notification (a “Withdrawal Notice”) to the Company and the Underwriter or Underwriters (if any) of their intention
to withdraw from the Shelf Underwriting. If withdrawn, the demand for the Shelf Underwriting shall constitute the demand for the
Shelf Underwriting by the Sponsor for purposes of Section 2.3.1, unless the Sponsor reimburses the Company for all Registration
Expenses with respect to the Shelf Underwriting (or, if there are any other shareholders participating in the Shelf Underwriting,
a pro rata portion of such Registration Expenses based on the respective number of Registrable Securities that the Sponsor has
requested be included in the Shelf Underwriting). Notwithstanding anything to the contrary in this Agreement, the Company shall
be responsible for the Registration Expenses incurred in connection with the Shelf Underwriting prior to its withdrawal under this
Section 2.3.3.

 

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3. Company
Procedures

 

3.1 General
Procedures. In connection with any Shelf and/or Underwritten Offering, the Company shall use its commercially reasonable efforts
to effect such Registration to permit the sale of such Registrable Securities in accordance with the intended plan of distribution
thereof, and pursuant thereto the Company shall, as soon as reasonably practicable:

 

3.1.1 prepare
and file with the SEC as soon as practicable a Registration Statement with respect to such Registrable Securities and use its commercially
reasonable efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities
have ceased to be Registrable Securities;

 

3.1.2 prepare
and file with the SEC such amendments and post-effective amendments to the Registration Statement, and such supplements to the
Prospectus, as may be reasonably requested by any Holder that holds at least five percent (5%) of the Registrable Securities registered
on such Registration Statement or any Underwriter of Registrable Securities or as may be required by the rules, regulations or
instructions applicable to the registration form used by the Company or by the Securities Act or rules and regulations thereunder
to keep the Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold in
accordance with the intended plan of distribution set forth in such Registration Statement or supplement to the Prospectus;

 

3.1.3 at
least two (2) Business Days prior to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish
without charge to the Underwriters, if any, and the Holders of Registrable Securities included in such Registration, and such Holders’
legal counsel, if any, 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 the Underwriters and the Holders
of Registrable Securities included in such Registration or the legal counsel for any such Holders may request in order to facilitate
the disposition of the Registrable Securities owned by such Holders; provided that for the avoidance of doubt, in no event
shall the Company be required to delay or postpone the filing of such Registration Statement or Prospectus as a result of or in
connection with such Holders’ review;

 

3.1.4 prior
to any public offering of Registrable Securities, use its commercially reasonable 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 the Holders of Registrable Securities included in such Registration Statement (in light of their intended
plan of distribution) may reasonably request (or provide evidence satisfactory to such Holders that the Registrable Securities
are exempt from such registration or qualification) 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 Entities as may be necessary by virtue
of the business and operations of the Company and do any and all other acts and things that may be necessary or advisable to enable
the Holders of Registrable Securities included in such Registration Statement to consummate the disposition of such Registrable
Securities in such jurisdictions; provided, however, that the Company shall not be required to qualify generally to do business
in any jurisdiction where it would not otherwise be required to qualify 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;

 

3.1.5 cause
all such Registrable Securities to be listed on each national securities exchange on which similar securities issued by the Company
are then listed;

 

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3.1.6 provide
a transfer agent or warrant agent, as applicable, registrar and a CUSIP number for all such Registrable Securities no later than
the effective date of such Registration Statement;

 

3.1.7 advise
each seller of such Registrable Securities, within five (5) Business Days after it shall receive notice or obtain knowledge thereof,
of the issuance of any stop order by the SEC suspending the effectiveness of such Registration Statement or the initiation or threatening
of any Legal Proceeding for such purpose and promptly use its commercially reasonable efforts to prevent the issuance of any stop
order or to obtain its withdrawal if such stop order should be issued;

 

3.1.8 notify
the Holders, within five (5) Business Days, at any time when a Prospectus relating to such Registration Statement is required to
be delivered under the Securities Act, of the happening of any event as a result of which the Prospectus included in such Registration
Statement, as then in effect, includes a Misstatement, and then to correct such Misstatement as set forth in Section 3.5;

 

3.1.9 in
the event of an Underwritten Offering, in each of the following cases to the extent customary for a transaction of its type, permit
the Sponsor, the Underwriters or other financial institutions facilitating such Underwritten Offering, if any, and any attorney,
consultant or accountant retained by the Sponsor or Underwriters to participate, at each such Person’s own expense, in the
preparation of the Registration Statement, and cause the Company’s officers, directors and employees to supply all information
reasonably requested by any such representative, Underwriter, financial institution, attorney, consultant or accountant in connection
with the Underwritten Offering; provided, however, that such representatives, Underwriters or financial institutions agree
to confidentiality arrangements in form and substance reasonably satisfactory to the Company, prior to the release or disclosure
of any such information;

 

3.1.10 in
the event of an Underwritten Offering, permit the Sponsor to rely on any “cold comfort” letter from the Company’s
independent registered public accountants provided to the managing Underwriter of such offering;

 

3.1.11 in
the event of an Underwritten Offering, on the date the Registrable Securities are delivered for sale pursuant to such Registration,
obtain an opinion and negative assurance letter, dated such date, of counsel representing the Company for the purposes of the Underwritten
Offering, addressed to the Underwriters, if any, covering such legal matters with respect to the Underwritten Offering in respect
of which such opinion is being given as the Underwriter may reasonably request and as are customarily included in such opinions
and negative assurance letters;

 

3.1.12 in
the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing Underwriter of such offering;

 

3.1.13 in
the event of any Underwritten Offering, use its commercially reasonable efforts to make available senior executives of the Company
to participate in customary “road show” presentations that may be reasonably requested by the Underwriter in such Underwritten
Offering; and

 

3.1.14 otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the participating Holders,
consistent with the terms of this Agreement, in connection with such Registration.

 

3.2 Registration
Expenses. The Registration Expenses of all Registrations shall be borne by the Company. It is acknowledged by the Holders that
the Holders shall bear all incremental selling expenses relating to the sale of Registrable Securities, such as Underwriters’
commissions and discounts, brokerage fees, Underwriter marketing costs and, other than as set forth in the definition of “Registration
Expenses,” all fees and expenses of any legal counsel representing the Holders (as well as of any attorney, consultants or
consultant retained by the Holders under Section 3.1.9 or otherwise).

 

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3.3 Share
Distributions. In connection with any Shelf, if the Company shall receive a request from a Holder of Registrable Securities
included therein to effectuate a pro rata in-kind distribution or other similar Transfer for no consideration of such Registrable
Securities pursuant to such Registration to its members, partners or shareholders, as the case may be, then the Company shall deliver
or cause to be delivered to the transfer agent and registrar for the Registrable Securities an opinion of counsel to the Company
reasonably acceptable to such transfer agent and registrar that any legend referring to the Securities Act may be removed upon
such distribution or other Transfer of such Registrable Securities pursuant to such Registration; provided that the distributee
or transferee of such Registrable Securities is not and has not been for the preceding ninety (90) calendar days an affiliate of
the Company (as defined in Rule 405 promulgated under the Securities Act). The Company’s obligations hereunder are conditioned
upon the receipt of a representation letter reasonably acceptable to the Company from such Holder regarding such proposed pro rata
in-kind distribution or other similar Transfer for no consideration of such Registrable Securities.

 

3.4 Requirements
for Participation in Registration Statement in Offerings. Notwithstanding anything in this Agreement to the contrary, if any
Holder does not provide the Company with its requested Holder Information, the Company may exclude such Holder’s Registrable
Securities from the applicable Registration Statement or Prospectus if the Company determines, based on the advice of counsel,
that such information is necessary to effect the Registration and such Holder continues thereafter to withhold such information.
Notwithstanding anything in this Agreement, the exclusion of a Holder’s Registrable Securities as a result of this Section 3.4
shall not affect the Registration of the other Registrable Securities to be included in such Registration.

 

3.5 Suspension
of Sales; Adverse Disclosure; Restrictions on Registration Rights.

 

3.5.1 Upon
receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement, each of the Holders
shall forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended Prospectus
correcting the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement or amendment
as soon as practicable after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus
may be resumed.

 

3.5.2 Subject
to Section 3.5.3, if the filing, initial effectiveness or continued use of a Registration Statement in respect of any
Registration at any time would (a) require the Company to make an Adverse Disclosure, (b) require the inclusion in such Registration
Statement of financial statements that are unavailable to the Company for reasons beyond the Company’s control, or (c) in
the good faith judgment of the majority of the Board, upon the advice of external legal counsel, be seriously detrimental to the
Company and the majority of the Board concludes as a result that it is essential to defer such filing, initial effectiveness or
continued use at such time, the Company may, upon giving prompt written notice of such action to the Holders (which notice shall
not specify the nature of the event giving rise to such delay or suspension), delay the filing or initial effectiveness of, or
suspend use of, such Registration Statement for the shortest period of time determined in good faith by the Company to be necessary
for such purpose. In the event the Company exercises its rights under this Section 3.5.2, the Holders agree to suspend,
immediately upon their receipt of the notice referred to above, their use of the Prospectus relating to any Registration in connection
with any sale or offer to sell Registrable Securities until such Holder receives written notice from the Company that such sales
or offers of Registrable Securities may be resumed, and in each case maintain the confidentiality of such notice and its contents.

 

    10

    

    

 

3.5.3 The
right to delay or suspend any filing, initial effectiveness or continued use of a Registration Statement pursuant to Section 3.5.2
shall be exercised by the Company, in the aggregate, for not more than three (3) occasions, for not more than ninety (90) consecutive
calendar days or for not more than one hundred and twenty (120) total calendar days, in each case, during any twelve (12)-month
period.

 

3.6 Reporting
Obligations. As long as any Registrable Securities remain outstanding, the Company, at all times while it shall be a reporting
company under the Exchange Act, shall use reasonable efforts to file timely (or obtain extensions in respect thereof and file within
the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or
15(d) of the Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings; provided
that any documents publicly filed or furnished with the SEC pursuant to the Electronic Data Gathering, Analysis and Retrieval System
shall be deemed to have been furnished or delivered to the Holders pursuant to this Section 3.6. The Company further
covenants that it shall use reasonable efforts to take such further action as any Holder may reasonably request, all to the extent
required from time to time to enable such Holder to sell Common Shares held by such Holder without Registration under the Securities
Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule then
in effect).

 

4. Indemnification
and Contribution

 

4.1 The
Company agrees to indemnify, to the extent permitted by law, each participating Holder, its officers, directors and agents and
each Person who controls such Holder (within the meaning of the Securities Act), against all losses, claims, damages, liabilities
and out-of-pocket expenses (including, without limitation, reasonable outside attorneys’ fees of one (1) counsel) resulting
from any untrue or alleged untrue statement of material fact contained in or incorporated by reference in any Registration Statement,
Prospectus 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 or affidavit so furnished in writing to the Company by such Holder expressly for use therein.
In the event of any Underwritten Offering, the Company shall indemnify the Underwriters, their officers and directors and each
Person who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing
with respect to the indemnification of the Holder.

 

4.2 In
connection with any Registration Statement in which a Holder is participating, such Holder shall furnish (or cause to be furnished)
to the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such
Registration Statement or Prospectus (the “Holder Information”) and, to the extent permitted by law, shall indemnify
the Company, its directors, officers and agents and each Person who controls the Company (within the meaning of the Securities
Act) against all losses, claims, damages, liabilities and out-of-pocket expenses (including, without limitation, reasonable outside
attorneys’ fees) resulting from any untrue or alleged untrue statement of material fact contained or incorporated by reference
in any Registration Statement, Prospectus 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,
but only to the extent that such untrue statement is contained in (or not contained in, in the case of an omission) any information
or affidavit so furnished in writing by or on behalf of such Holder expressly for use therein; provided, however, that the
obligation to indemnify shall be several, not joint, among such Holders, and the liability of each such Holder shall be in proportion
to and limited to the net proceeds received by such Holder from the sale of Registrable Securities pursuant to such Registration
Statement. The Holders of Registrable Securities shall indemnify the Underwriters, their officers, directors and each Person who
controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing with respect
to indemnification of the Company.

 

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4.3 Each
Holder acknowledges its primary responsibilities under the Securities Act and covenants and agrees to not sell or otherwise Transfer
Common Shares or any interest therein without complying with the requirements of the Securities Act. Both the Company and its transfer
agent and each of their directors, officers and agents and each Person who controls the Company and its transfer agent, may rely
on this Section 4.3 and each Holder hereunder will indemnify and hold harmless each of such persons from all losses,
claims, damages, liabilities and out-of-pocket expenses (including, without limitation, reasonable outside attorneys’ fees)
resulting from any breaches or violations of this Section 4.3.

 

4.4 Any
Person entitled to indemnification herein shall (i) 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 materially prejudiced the indemnifying party) and (ii) unless in such
indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist
with respect to such claim, 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 (but such consent shall not be unreasonably withheld). An indemnifying party
who is not entitled to, or 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 any indemnified party a conflict of interest may exist 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 includes a statement or admission
of fault and culpability on the part of such indemnified party 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 Legal Proceeding.

 

4.5 The
indemnification provided for under this Section 4 shall remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party or any officer, director or controlling Person of such indemnified party and shall
survive the Transfer of Registrable Securities. The Company and each Holder participating in an offering also agree to make such
provisions as are reasonably requested by any indemnified party for contribution to such party in the event the Company’s
or such Holder’s indemnification is unavailable for any reason.

 

4.6 If
the indemnification provided under this Section 4 from the indemnifying party is unavailable or insufficient to hold
harmless an indemnified party in respect of any losses, claims, damages, liabilities and out-of-pocket 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 out-of-pocket 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 not made by, in the case of an omission), or relates to information supplied
by (or not supplied by in the case of an omission), 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;
provided, however, that the liability of any Holder under this Section 4.6 shall be limited to the amount of
the net proceeds received by such Holder in such offering giving rise to such liability. 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
in Section 4.1, Section 4.2 and Section 4.4 above, any legal or other fees, charges or out-of-pocket
expenses reasonably incurred by such party in connection with any Legal Proceeding. The parties hereto agree that it would not
be just and equitable if contribution pursuant to this Section 4.6 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 this Section 4.6.
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 4.6 from any Person who was not guilty of such fraudulent misrepresentation.

 

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5. Miscellaneous.

 

5.1 Confidentiality.
Each Shareholder agrees that any information obtained pursuant to this Agreement (including any information about any proposed
Registration or offering pursuant to Section 2) will not be disclosed or used for any purpose other than the exercise
of rights under this Agreement without the prior written consent of the Company; provided that each Shareholder may disclose
any such information on a confidential basis to its directors, officers, employees, representatives and legal counsel.

 

5.2 Effectiveness;
Termination of Previous Agreement. This Agreement shall become effective as of the Closing and prior thereto shall be of no
force or effect. If the Merger Agreement is terminated in accordance with its terms prior to the Closing, this Agreement shall
automatically terminate and be of no force or effect, and the Previous Sponsor Agreement shall remain in full force and effect
in accordance with its terms with respect to the parties thereto. Effective as of the Closing, this Agreement shall supersede and
replace in its entirety the terms and conditions of the Previous Sponsor Agreement, which Previous Sponsor Agreement shall be automatically
terminated and canceled in its entirety and shall be null and void and of no further force or effect.

 

5.3 Further
Assurances. Each of the parties hereto shall perform such further acts and execute such further documents as may reasonably
be necessary to carry out and give full effect to the provisions of this Agreement and the intentions of the parties as reflected
thereby.

 

5.4 Governing
Law. This Agreement and any action, suit, dispute, controversy or claim arising out of this Agreement, or the validity, interpretation,
breach or termination of this Agreement, shall be governed by and construed in accordance with the internal law of the State of
Delaware regardless of the law that might otherwise govern under applicable principles of conflicts of law thereof.

 

5.5 Exclusive
Jurisdiction; Waiver of Jury Trial

 

5.5.1 
Each of the parties hereto irrevocably consents to the exclusive jurisdiction and venue of the Court of Chancery in the State of
Delaware (or, to the extent that such court does not have subject matter jurisdiction, the Superior Court of the State of Delaware
or, if it has or can acquire jurisdiction, in the United States District Court for the District of Delaware), in each case in connection
with any Legal Proceeding based upon or arising out of this Agreement, agrees that process may be served upon them in any manner
authorized by the laws of the State of Delaware and waives and covenants not to assert or plead any objection which they might
otherwise have to such manner of service of process. Each party hereto 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 Legal 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 Legal Proceeding is brought in an inconvenient forum; or (e) the venue of such Legal Proceeding is improper. Each party hereby
agrees not to commence or prosecute any such Legal Proceeding other than before one of the above-named courts, nor to make any
motion or take any other action seeking or intending to cause the transfer or removal of any such Legal Proceeding to any court
other than one of the above-named courts, whether on the grounds of inconvenient forum or otherwise. Each party hereby consents
to service of process in any such Legal Proceeding in any manner permitted by Delaware law, and further consents to service of
process by nationally recognized overnight courier service guaranteeing overnight delivery, or by registered or certified mail,
return receipt requested, at its address specified pursuant to Section 5.11. Notwithstanding the foregoing in this
Section 5.5.1, any party may commence any Legal Proceeding in a court other than the above-named courts solely for
the purpose of enforcing an order or judgment issued by one of the above-named courts.

 

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5.5.2 TO
THE EXTENT NOT PROHIBITED BY APPLICABLE LEGAL REQUIREMENT THAT CANNOT BE WAIVED, EACH OF THE PARTIES 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 PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM RELATING THERETO,
IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING. IF THE SUBJECT MATTER OF ANY SUCH LEGAL PROCEEDING IS ONE IN WHICH THE
WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY NOR ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY SHALL ASSERT IN SUCH
LEGAL PROCEEDING A NON-COMPULSORY COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. FURTHERMORE, NO PARTY NOR ANY PERSON
ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL PROCEEDING WITH A SEPARATE ACTION OR OTHER
LEGAL PROCEEDING IN WHICH A JURY TRIAL CANNOT BE WAIVED.

 

5.6 Successors
and Assigns; Assignment.

 

5.6.1 Except
as otherwise expressly set forth in this Agreement, the provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors, and administrators of the parties hereto.

 

5.6.2 None
of the rights, privileges, or obligations set forth in, arising under, or created by this Agreement may be assigned or transferred
without the prior consent in writing of each party to this Agreement, with the exception of assignments and transfers from a Shareholder
to any other Person which controls, is controlled by, or is under common control with, such Shareholder, and as to any Shareholder
which is an entity, assignments and transfers to its direct or indirect partners, members or equity holders, any affiliate (as
defined in Rule 405 promulgated under the Securities Act), or any related investment funds or vehicles controlled or managed by
such persons or entities or their respective affiliates (for the avoidance of doubt, a managed account managed by the same investment
manager of any member of either Sponsor shall be deemed an affiliate of such member) or to the extent not already permitted pursuant
to the foregoing, to any Person described in clauses 2(a) through 2(f), 2(h) or 2(k) of Section 3(d) of the Insider Letter (collectively
“Permitted Transferees”).

 

5.6.3 Notwithstanding
anything in this Section 5.6, (a) any Permitted Transferee shall, in connection with their purchase of Common Shares,
execute a Joinder Agreement to be entered into between the Company and such Permitted Transferee at the time of the applicable
Transfer, pursuant to which such Permitted Transferee shall be deemed to be a party to this Agreement, and (b) any other Person
owning or acquiring Registrable Securities of the Company may, at the Company’s request, execute a Joinder Agreement with
the Company, pursuant to which such Person shall be deemed to be a party to this Agreement. Failure to comply with this Section 5.6.3
shall relieve the Company of its obligations under this Agreement with respect to such Permitted Transferee. Unless otherwise noted
in the applicable Joinder Agreement, each Permitted Transferee shall be deemed a Holder.

 

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5.7 Entire
Agreement; Amendment and Waiver. This Agreement and the Schedules hereto constitute the full and entire understanding and agreement
between the parties with regard to the subject matters hereof and thereof and supersede all prior agreement and understanding,
both oral and written between the parties with respect to the subject matter of this Agreement, including the Previous Sponsor
Agreement. Any term of this Agreement may be amended and the observance of any term hereof may be waived (either prospectively
or retroactively and either generally or in a particular instance) with the written consent of the Company and the Holders holding
a majority-in-interest of the Registrable Securities; provided, however, that notwithstanding the foregoing, any amendment
hereto or waiver hereof that adversely affects one Holder or a group of Holders, solely in its or their capacity as a holder of
the shares of capital stock of the Company, in a manner that is materially different from the other Holders (in such capacity)
shall require the consent of each Holder so affected.

 

5.8 Other
Registration Rights. Other than the PIPE Investors who have registration rights with respect to their PIPE Shares pursuant
to their respective Subscription Agreements, the Company represents and warrants that no Person, other than a Holder of Registrable
Securities, has any right to require the Company to register any securities of the Company for sale or to include such securities
of the Company in any Registration Statement filed by the Company for the sale of securities for its own account or for the account
of any other Person following the Closing Date.

 

5.9 Termination.
This Agreement will automatically terminate upon the earlier to occur of (i) the tenth (10th) anniversary of the date
of this Agreement (ii) any acquisition of the Company, including by way of merger or consolidation, after the Business Combination,
as a result of which the Registrable Securities are converted into the right to receive consideration consisting solely of cash
or other property other than securities listed on a national securities exchange registered under Section 6 of the Exchange Act
or (iii) with respect to any Holder, on the date that such Holder no longer holds any Registrable Securities.

 

5.10 Shareholder
Information. Each Shareholder agrees, if requested in writing, to represent to the Company the total number of Registrable
Securities held by such Holder in order for the Company to make determinations hereunder.

 

5.11 Notices.
All notices and other communications required or permitted hereunder to be given to a party to this Agreement shall be in writing
and shall be mailed by registered mail, postage prepaid, or otherwise delivered by electronic mail, hand or by messenger, addressed
to such party’s address as set forth in the shareholders register maintained by the Company or at such other address with
respect to a party as such party shall notify each other party in writing as above provided. Any notice sent in accordance with
this Section 5.11 shall be effective (a) on the date of delivery if delivered personally; (b) one (1) Business Day
after being sent by a nationally recognized overnight courier guaranteeing overnight delivery; (c) when sent, if delivered by email
(provided that no “error message” or other notification of non-delivery is generated); or (d) on the fifth (5th) Business
Day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Any notice or communication
under this Agreement must be addressed, if to the Company, to: eToro Group Ltd., 30 Sheshet Hayamim St., Bnei Brak, Israel, Attention:
Elad Lavi and Debbie Kahal, copy to Skadden, Arps, Slate, Meagher & Flom LLP, One Manhattan West, New York, NY 10001, Attention:
David Goldschmidt, Sven Mickisch and Maxim Mayer-Cesiano, and, if to any Holder, at such Holder’s address, email address
or facsimile number as set forth in the Company’s books and records. Any party may change its address for notice at any time
and from time to time by written notice to the other parties hereto, and such change of address shall become effective thirty (30)
calendar days after delivery of such notice as provided in this Section 5.11.

 

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5.12 Delays
or Omissions. 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. Any waiver, permit, consent, or approval of any kind or character on the part of any party of any breach or default under
this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and
shall be effective only to the extent specifically set forth in such writing. 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.

 

5.13 Severability.
In the event that any term, provision, covenant or restriction of this Agreement, or the application thereof, is held to be illegal,
invalid or unenforceable under any present or future Legal Requirement: (i) such provision will be fully severable; (ii) this Agreement
will be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof; (iii)
the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid
or unenforceable provision or by its severance herefrom; and (iv) in lieu of such illegal, invalid or unenforceable provision,
there will be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms of such
illegal, invalid or unenforceable provision as may be possible.

 

5.14 Counterparts;
Electronic Execution. This Agreement may be executed in multiple counterparts (including by facsimile or electronic transmission
(including .pdf file, .jpeg file, Adobe Sign, or DocuSign)), all of which shall be considered one and the same document and shall
become effective when one or more counterparts have been signed by each of the parties hereto and delivered to the other parties,
it being understood that all parties need not sign the same counterpart. Delivery by electronic transmission to counsel for the
other parties of a counterpart executed by a party shall be deemed to meet the requirements of the previous sentence.

 

5.15 Aggregation
of Shares. All Common Shares held by affiliated Persons shall be aggregated together for the purpose of determining the availability
of any rights under this Agreement.

 

5.16 No
Third-Party Beneficiaries. Except as expressly provided in this Agreement, this Agreement (including the documents and instruments
referred to herein) is not intended to confer on any Persons other than the parties hereto any rights, remedies, obligations or
liabilities hereunder.

 

5.17 Mutual
Drafting. This Agreement is the joint product of the parties hereto and each provision hereof has been subject to the mutual
consultation, negotiation and agreement of the parties and shall not be construed for or against any party hereto.

 

5.18 Adjustments.
If, and as often as, there are any changes in the Registrable Securities by way of share split, share dividend, combination or
reclassification, or through merger, consolidation, reorganization, recapitalization or sale, or by any other means, appropriate
adjustment shall be made in the provisions of this Agreement, as may be required, so that the rights, privileges, duties and obligations
hereunder shall continue with respect to the Registrable Securities as so changed.

 

[Remainder of page intentionally left
blank.]

 

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IN WITNESS WHEREOF the parties have signed
this Agreement as the date first set forth above.

 

	 	ETORO GROUP LTD.
	 	 
	 	By:	
	 	 	Name:	     
	 	 	Title: 	 
	 	 	 	 
	 	Shareholders:	 
	 	 	 
	 	
	 	 	Name: 	 
	 	 	Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

    

    

 

	 	FINTECH ACQUISITION CORP. V
	 	 
	 	By:	
	 	Name:	 
	 	Title: 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	FINTECH INVESTOR HOLDINGS V, LLC
	 	 
	 	By:	 
	 	Name:	           
	 	Title: 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	FINTECH MASALA ADVISORS V, LLC
	 	 
	 	By:	 
	 	Name:	 
	 	Title: 	 
	 	Address:	 

 

[Signature Page to Registration Rights
Agreement]

 

     

     

    

 

Schedule I

Shelf Holders

 

 

     

     

    

 

Exhibit A

 

Form of Joinder
AgreementExhibit 10.7

 

EXECUTION VERSION

 

FORM OF
SUBSCRIPTION AGREEMENT

 

This SUBSCRIPTION
AGREEMENT (this “Subscription Agreement”) is entered into on March 16, 2021, by and between eToro Group
Ltd., a company organized under the laws of the British Virgin Islands (“eToro”),
and the undersigned subscriber (the “Investor”).
Capitalized terms used and not defined in this Subscription Agreement have the meanings ascribed to such terms in the Transaction
Agreement (as defined below).

 

WHEREAS, this Subscription
Agreement is being entered into in connection with that certain Agreement and Plan of Merger, dated as of the date hereof (as
may be amended, supplemented or otherwise modified from time to time, the “Transaction
Agreement”), by and among eToro, FinTech Acquisition Corp. V, a Delaware corporation (“FTV”),
and Buttonwood Merger Sub Corp., a Delaware corporation and a direct, wholly-owned subsidiary of eToro (“eToro
Merger Sub”), pursuant to which, on the terms and subject to the conditions set forth in the Transaction Agreement,
among other things, eToro
Merger Sub will merge with and into FTV (the “Merger”), with FTV as the surviving company in the Merger
and, after giving effect to the Merger, becoming a wholly-owned subsidiary of eToro (the “Transaction”);

 

WHEREAS, certain investors
have provided, prior to the date hereof, funding in an aggregate amount of $250,000,000, pursuant to the Advance Investment Agreement,
dated February 13, 2021 (the “Pre-PIPE”), which Pre-PIPE shall be converted into eToro’s common shares,
no par value, concurrently with the Closing hereunder;

 

WHEREAS, it is contemplated
that, in accordance with the Transaction Agreement, eToro may, at any time prior to the Proxy Statement/Prospectus Clearance Date,
commence a tender offer in accordance with Rule 14e-1 under the Securities Exchange Act of 1934, as amended, (the “Exchange
Act”) and other applicable Legal Requirements to purchase all of the Eligible Securities for an aggregate purchase price
equal to the Aggregate Tender Offer Consideration and at a price per Eligible Security equal to the applicable Tender Offer Share
Price;

 

WHEREAS, in connection
with the Transaction, eToro is seeking commitments from interested investors to purchase, prior to the closing of the Transaction
but following the consummation of the Capital Restructuring (as defined in the Transaction Agreement), eToro’s common shares
(the “Shares”), for a purchase price of $10.00 per share (the “Per Share Subscription Price”),
for the aggregate purchase price set forth on the signature page hereto, which purchase price assumes that eToro has effected
the Stock Split prior to the Closing (as defined below) in order to cause the per share price of one eToro common share to be
$10.00;

 

WHEREAS, 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”;
and

 

WHEREAS, substantially
concurrently with the execution of this Subscription Agreement, eToro is entering into: (a) separate subscription agreements (the
“Insider Subscription Agreements”) with certain other investors that may include existing directors, officers
or securityholders (including, for the avoidance of doubt, holders of convertible securities) of FinTech Investor Holdings V,
LLC and FinTech Masala Advisors V, LLC, each a Delaware limited liability company, FTV and/or their respective affiliates and/or
any affiliate of eToro with an aggregate purchase price of $22.5 million (collectively, the “Insider PIPE Investors”
and, such investment, the “Insider PIPE Investment”) substantially similar to this Subscription Agreement;
and (b) separate subscription agreements (collectively, the “Other PIPE Agreements” and, together with the
Insider Subscription Agreements, the “Other Subscription Agreements”) substantially similar to this Subscription
Agreement with certain investors (other than the Insider PIPE Investors) with an aggregate purchase price of $627.5 million (inclusive
of the Subscription Amount) (together with the Insider PIPE Investment, the “PIPE Investment”).

 

NOW, THEREFORE, 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 eToro acknowledges and agrees as follows:

 

1. Subscription.
Subject to the terms and conditions hereof, the Investor hereby irrevocably subscribes for and agrees to purchase from eToro,
and eToro agrees to issue and sell to the Investor, 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.

 

    

    

    

 

2. Closing.
The closing of the sale of the Shares contemplated hereby (the “Closing”)
shall occur on the closing date of the Transaction (the “Closing
Date”) and be conditioned upon the prior or substantially concurrent consummation of the Transaction and satisfaction
of the other conditions set forth in Section 3 hereof. Upon delivery of written notice from (or on behalf of) eToro
to the Investor (the “Closing Notice”)
that eToro reasonably expects all conditions to the closing of the Transaction to be satisfied or waived on an expected closing
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, one (1) business day prior to the expected closing date specified in the Closing Notice (or such other date agreed
to in writing by eToro), deliver, by wire transfer of United States dollars in immediately available funds, amounts, as determined
by eToro, equal to all or portions of the Subscription Amount to (i) the Paying Agent and/or (ii) such other account(s) as designated
by eToro. On the Closing Date, eToro shall issue the Shares to the Investor, free and clear of any liens or other restrictions
whatsoever (other than those arising under state or federal securities laws) and subsequently cause the Shares to be registered
in book-entry form in the name of the Investor (or its nominee in accordance with its delivery instructions, as applicable) on
eToro’s share register and shall provide to the Investor evidence of such issuance from eToro’s transfer agent (the
“transfer agent”). For purposes of this Subscription Agreement, “business day” shall mean any day
other than a Saturday, a Sunday or other day on which commercial banks in New York, New York, Tel-Aviv, Israel or the British
Virgin Islands are authorized or required by Legal Requirements to close. Prior to or at the Closing Date, Investor shall deliver
to eToro a duly completed and executed Internal Revenue Service Form W-9 or appropriate Form W-8. In the event the Closing Date
does not occur within three (3) business days after the expected closing date specified in the Closing Notice, eToro shall promptly
(but not later than three (3) business days after the expected closing date specified in the Closing Notice) return or cause
the return of the Subscription Amount to the Investor by wire transfer of U.S. dollars in immediately available funds to the account
specified by the Investor, and any book-entries for the Shares shall be deemed cancelled; 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 upon delivery by eToro of a subsequent
Closing Notice in accordance with this Section 2. For the avoidance of doubt, if any termination hereof occurs after
the delivery by the Investor of the Subscription Amount for the Shares and prior to the Closing, eToro shall promptly (but not
later than three (3) business days thereafter) return or cause the return of the Subscription Amount to the Investor without any
deduction for or on account of any tax, withholding, charges or set-off.

 

In place of the above, the below will
be included for mutual funds and other investors that have similar specific settlement requirements:

 

[Closing. The
closing of the sale of the Shares contemplated hereby (the “Closing”)
shall occur on the closing date of the Transaction (the “Closing
Date”) and be conditioned upon the prior or substantially concurrent consummation of the Transaction and satisfaction
of the other conditions set forth in Section 3 hereof. Upon delivery of written notice from (or on behalf of) eToro
to the Investor (the “Closing Notice”)
that eToro reasonably expects all conditions to the closing of the Transaction to be satisfied or waived on an expected closing
date that is not less than five (5) business days from the date on which the Closing Notice is delivered to the Investor, on the
Closing Date, (i) the Investor shall deliver, by wire transfer of United States dollars in immediately available funds the Subscription
Amount to such account(s) as designated by eToro (which account(s) shall not be escrow account(s)), as promptly as practicable
following receipt of evidence of issuance of the Shares acquired hereunder as set forth in clause (ii), and (ii) eToro shall
issue the Shares to the Investor, free and clear of any liens or other restrictions whatsoever (other than those arising under
state or federal securities laws) registered in book-entry form in the name of the Investor (or its nominee in accordance with
its delivery instructions) on eToro’s share register and shall provide to the Investor evidence of such issuance from eToro’s
transfer agent (the “transfer agent”). For purposes of this Subscription Agreement, “business day”
shall mean any day other than a Saturday, a Sunday or other day on which commercial banks in New York, New York, Tel-Aviv, Israel
or the British Virgin Islands are authorized or required by Legal Requirements to close. Prior to or at the Closing Date, Investor
shall deliver to eToro a duly completed and executed Internal Revenue Service Form W-9 or appropriate Form W-8. In the event closing
of the Transaction does not occur within one (1) business day after the expected closing date specified in the Closing Notice,
eToro shall promptly (but not later than one (1) business day thereafter) return or cause the return of the Subscription
Amount to the Investor by wire transfer of U.S. dollars in immediately available funds to the account specified by the Investor,
and any book-entries for the Shares shall be deemed cancelled; 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 upon delivery by eToro of a subsequent Closing Notice in
accordance with this Section 2. For the avoidance of doubt, if any termination hereof occurs after the delivery by
the Investor of the Subscription Amount for the Shares and prior to the Closing, eToro shall promptly (but not later than three
(3) business days thereafter) return or cause the return of the Subscription Amount to the Investor without any deduction for
or on account of any tax, withholding, charges or set-off.]

 

    2

    

    

 

3. Closing
Conditions. The obligation of the parties hereto to consummate the purchase and sale of the Shares pursuant to this Subscription
Agreement is subject to the satisfaction of the following conditions:

 

(a) there shall
not be in force any injunction or order enjoining or prohibiting the issuance and sale of the Shares under this Subscription Agreement;

 

(b) all conditions
precedent to eToro’s obligation to effect the Transaction as set forth in the Transaction Agreement shall have been satisfied
or waived (as determined by the applicable parties to the Transaction Agreement and other than those conditions that, by their
nature, (x) may only be satisfied at the closing of the Transaction (including to the extent that any such condition is dependent
upon the consummation of the purchase and sale of the Shares pursuant to this Subscription Agreement and the Other Subscription
Agreements), but subject to the satisfaction or waiver of such conditions as of the Closing, or (y) will be satisfied by the Closing
and the closing of the transactions contemplated by the Other Subscription Agreements);

 

(c) (i) solely
with respect to the Investor’s obligation to close, the representations and warranties made by eToro, and (ii) solely with
respect to eToro’s obligation to close, the representations and warranties made by the Investor, in each case, in this Subscription
Agreement shall be true and correct in all material respects as of the Closing Date other than (x) those representations and warranties
qualified by materiality, Material Adverse Effect (as defined below) or similar qualification, which shall be true and correct
in all respects as of the Closing Date and (y) those representations and warranties expressly made as of an earlier date, which
shall be true and correct in all material respects (or, if qualified by materiality, Material Adverse Effect or similar qualification,
all respects) as of such date, in each case without giving effect to the consummation of the Transactions;

 

(d) solely with
respect to eToro’s obligation to close, the Investor shall have wired the Subscription Amount in accordance with Section 2
of this Subscription Agreement and otherwise performed or complied in all material respects all of its covenants and agreements
contained in this Subscription Agreement that are required to be performed or complied with by the Investor on or before the Closing
Date;

 

(e) solely with
respect to eToro’s obligation to close, the Investor shall have provided to eToro the documents set forth on Schedule B
hereto;

 

(f) solely with
respect to the Investor’s obligation to close, eToro shall have performed or complied in all material respects with all
of its covenants and agreements contained in this Subscription Agreement that are required to be performed or complied with by
eToro on or before the Closing Date;

 

(g) the common
shares of eToro shall have been approved for listing on the Nasdaq Stock Market LLC (“Nasdaq”), and no suspension
of the qualification of the common shares of eToro for offering or sale or trading on Nasdaq and no initiation or threatening
of any proceedings for any of such purposes or delisting, shall have occurred, and the Shares shall be approved for listing on
Nasdaq, subject to official notice of issuance;

 

(h) Solely with
respect to the Investor’s obligation to close, no amendments, waivers or modifications of the Transaction Agreement shall
have occurred that materially and adversely affect the economic benefits the Investor would reasonably expect to receive under
this Subscription Agreement without the Investor’s prior written consent; and

 

    3

    

    

 

(i) there shall
have been no amendment, waiver or modification to the Other Subscription Agreements that materially benefits the investors thereunder
unless the Investor has been offered substantially the same benefits.

 

4. Further
Assurances. At the Closing, the parties hereto shall execute and deliver such additional documents and take such additional
actions as the parties deem to be reasonably necessary or advisable in order to consummate the subscription as contemplated by
this Subscription Agreement (the “Subscription”).

 

5. eToro Representations,
Warranties and Agreements. eToro represents and warrants to, and agrees with, the Investor that:

 

(a) eToro is a
company duly organized, validly existing and in good standing under the laws of the British Virgin Islands, and has all requisite
corporate power and authority to carry on its business as currently conducted and enter into 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 Articles (as defined below) (as in
effect at such time of issuance) or under the applicable laws of the British Virgin Islands.

 

(c) This Subscription
Agreement has been duly authorized, executed and delivered by eToro and, assuming that this Subscription Agreement constitutes
the valid and binding agreement of the Investor, this Subscription Agreement is enforceable against eToro 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) eToro’s
execution, delivery and performance of its obligations under this Subscription Agreement, including the issuance and sale by eToro
of the Shares pursuant to this Subscription Agreement will not (i) result in any conflict with or a breach or violation, with
or without the passage of time and giving notice, of any of the terms, conditions or provisions of, or give rise to rights to
others (including rights of termination, cancellation or acceleration) pursuant to the terms of: (1) eToro’s Memorandum
of Association and Articles of Association, as may be amended from time to time (the “Articles”); (2) any judgment,
injunction, order, writ, decree or ruling of any Governmental Entity (as defined below) to which eToro is subject; (3) any material
contract or agreement, lease, license or commitment to which eToro is a party or by which it is bound; or (4) any applicable law;
(ii) result in the creation of any lien, charge or encumbrance upon any assets of eToro or the suspension, revocation, forfeiture,
or nonrenewal of any material permit or license applicable to eToro; or (iii) subject to the accuracy and completeness of the
representations and warranties of the Investors in Section 6 below, require the consent, approval or authorization
of, registration, qualification or filing with, or notice to any individual, corporation (including any non-profit corporation),
general partnership, limited partnership, limited liability partnership, joint venture, estate, trust, company (including any
limited liability company or joint stock company), firm or other enterprise, association, organization, entity or Governmental
Entity (“Person”), on the part of eToro, which has not heretofore been obtained or will be obtained prior to
Closing; in each case, other than with respect to clause (i)(1) above, that would not reasonably be expected to have a Material
Adverse Effect (as defined below). As used in this Subscription Agreement, the term “Governmental Entity” shall
mean, with respect to the United States, Israel, British Virgin Islands or any other foreign or supranational entity: (a) any
federal, provincial, state, local, municipal, foreign, national or international court, governmental commission, government or
governmental authority, department, regulatory or administrative agency, board, bureau, agency or instrumentality or tribunal,
or similar body; (b) any self-regulatory organization; or (c) any political subdivision of any of the foregoing.

 

(e) Assuming the
accuracy of the Investor’s representations and warranties set forth in Section 6 of this Subscription Agreement,
eToro is not required to obtain any consent, approval or waiver, authorization of, registration, qualification or filing with,
or notice to any Person, on the part of eToro, which has not heretofore been obtained or will be obtained prior to Closing, other
than (i) filings with the Securities and Exchange Commission (the “SEC”), (ii) filings required by applicable
state securities laws, (iii) the filings required in accordance with Section 11 of this Subscription Agreement;
or (iv) those required by the Nasdaq, including with respect to obtaining approval of eToro’s shareholders.

 

    4

    

    

 

(f) As of the date
hereof, eToro is in compliance with all laws that are applicable to the conduct of its business as currently conducted, other
than where failure to comply with any such law would not be reasonably expected to have a Material Adverse Effect. eToro is not
in violation of or default under (i) any provisions of the Articles, or (ii) any order, writ, injunction, decree, or judgment
of any Governmental Entity, to which it is subject, where such violation or default would be reasonably expected to have a Material
Adverse Effect. As used herein, “Material Adverse Effect” means any state of facts, development, change, circumstance,
occurrence, event or effect that, individually or in the aggregate, has had, or would reasonably be expected to have, a material
adverse effect on the business, assets, financial condition or results of operations of the Group Companies, taken as a whole;
provided, however, that in no event will any of the following (or the effect of any of the following), alone or in combination,
be taken into account in determining whether a Material Adverse Effect has occurred or would reasonably be expected to occur:
(1) acts of war, sabotage, hostilities, civil unrest, protests, demonstrations, insurrections, riots, hostilities, cyberattacks
or terrorism, or any escalation or worsening of the foregoing, or changes in global, national, regional, state or local political
or social conditions; (2) earthquakes, hurricanes, tornados, wild fires, or other natural or man-made disasters; (3) epidemics,
pandemics, including COVID-19 or any COVID-19 Measures, or other public health emergencies; (4) changes attributable to the execution
of the Transaction Agreement, the public announcement of the Transaction, the performance of the Transaction Agreement or the
pendency of the Transaction (including the impact thereof on relationships with customers, suppliers, employees, investors, licensors,
licensees, payors or other third-parties related thereto); (5) changes or proposed changes in applicable Legal Requirements or
enforcement or interpretations thereof or decisions by any Governmental Entity after the date of the Transaction Agreement; (6)
changes in IFRS (or any interpretation thereof) after the date of the Transaction Agreement; (7) general economic, regulatory,
business or tax conditions, including changes in the credit, debt, capital, currency, securities or financial markets (including
changes in interest or exchange rates); (8) events, changes or conditions generally affecting the industries and markets in which
any Group Company operates; (9) any failure to meet any projections, forecasts, guidance, estimates or financial or operating
predictions of revenue, earnings, cash flow or cash position; and (10) any actions (A) required to be taken, or required not to
be taken, pursuant to the terms of the Transaction Agreement, (B) taken with the prior written consent of or at the prior written
request of FTV or (C) taken by, or at the request of, FTV.

 

(g) Assuming the
accuracy of the Investor’s representations and warranties set forth in Section 6 of this Subscription Agreement,
no registration under the Securities Act of 1933, as amended (the “Securities Act”) is required for the offer
and sale of the Shares by eToro to the Investor.

 

(h) Neither eToro
nor any Person acting on its behalf has offered or sold the Shares by any form of general solicitation or general advertising
in violation of the Securities Act.

 

(i) The Shares
are expected to be registered for resale under the Securities Act in accordance with the provisions set forth in Section 7.

 

(j) Other than
as set forth in the Transaction Agreement, there are no securities or instruments issued by eToro containing anti-dilution provisions
that will be triggered by the issuance of (i) the Shares issued pursuant to this Subscription Agreement, (ii) the Shares to be
issued by eToro pursuant to any Other Subscription Agreement or (iii) the common shares to be issued pursuant to the Transaction
Agreement (including the common shares to be issued upon conversion of the Pre-PIPE), in each case, that have not been or will
not be validly waived on or prior to the Closing Date.

 

(k) eToro 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 (as defined below).

 

(l) The Other Subscription
Agreements (which, for the avoidance of doubt, do not include the Pre-PIPE) reflect the same Per Share Subscription Price and
other terms and conditions with respect to the purchase of the Shares that are no more favorable to such investor thereunder than
the terms of this Subscription Agreement, other than terms particular to the regulatory requirements of such investor or its affiliates
or related funds, which terms may include alternative arrangements for the timing and logistics of the payment of the Per Share
Subscription Price. For the avoidance of doubt, this Section 5(l) shall not apply to any document entered into in
connection with the Insider PIPE Investment; provided, however, that such Insider PIPE Investment shall be with respect
to the same class of Shares being acquired by the Investor hereunder and at the same Per Share Subscription Price. The common
shares to be issued pursuant to the Pre-PIPE shall be of the same class of capital stock as the Shares issued pursuant to this
Subscription Agreement and shall have terms of transfer no more materially favorable as the Shares issued pursuant to this Subscription
Agreement.

 

    5

    

    

 

(m) As of the date
hereof, there is no (i) Legal Proceeding before a Governmental Entity or arbitrator pending, or, to the knowledge of eToro, threatened
against eToro or (ii) judgment, decree, injunction, ruling or order of any Governmental Entity or arbitrator outstanding against
eToro, except, in each case, for such matters as would not be reasonably expected to have, individually or in the aggregate, a
Material Adverse Effect.

 

(n) eToro has not
entered into any subscription agreement, side letter or other agreement or understanding with any other investor in the Transaction
in connection with such investor’s direct or indirect investment in eToro other than the Transaction Agreement (including
the ancillary documents contemplated therein), the Other Subscription Agreements and the agreements entered into in connection
with the Pre-PIPE.

 

(o) Following the
closing of the Transaction Agreement, FTV will be a wholly-owned subsidiary of eToro.

 

6. Investor
Representations, Warranties and Agreements. The Investor represents and warrants to, and agrees with, eToro that:

 

(a) The Investor (i)
is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or an institutional “accredited
investor” (within the meaning of Rule 501(a) (1), (2), (3) or (7) under the Securities Act), in each case, satisfying the
applicable requirements set forth on Schedule A, (ii) is acquiring the Shares only for his, her or its own account
and not for the account of others, or if the Investor is subscribing for the Shares as a fiduciary or agent for one or more investor
accounts, the Investor has full investment discretion with respect to each such account, and the full power and authority to make
the acknowledgements, representations and agreements herein on behalf of each owner of each such account, and (iii) is acquiring
the Shares for investment purposes only and 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).
The Investor is not an entity formed for the specific purpose of acquiring the Shares and the Investor is an “institutional
account” as defined by FINRA Rule 4512(c).

 

(b) 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, that the Shares have not been registered under the Securities Act and that eToro is not required
to register the Shares except as set forth in Section 7 of this Subscription Agreement. The Investor acknowledges
and agrees that, unless the Shares are registered pursuant to an effective registration statement under the Securities Act, the
Shares may not be offered, resold, transferred, pledged or otherwise disposed of by the Investor except (i) to eToro or a
subsidiary thereof, (ii) 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 (iii) pursuant to another applicable exemption from the registration
requirements of the Securities Act, and, in each case, in accordance with any applicable securities laws of the states of the
United States and other applicable jurisdictions, and that any certificates representing the Shares shall contain a restrictive
legend to the following effect:

 

THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS
OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM.
THE HOLDER WILL NOTIFY ANY SUBSEQUENT PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO ABOVE.

 

(c) The Investor
acknowledges and agrees that the Shares will be subject to these securities law 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 it has been advised to consult legal, tax and accounting prior to making any offer, resale, transfer, pledge or
disposition of any of the Shares.

 

    6

    

    

 

(d) The Investor
acknowledges and agrees that the Investor is purchasing the Shares from eToro. The Investor further acknowledges that there have
been no representations, warranties, covenants and agreements made to the Investor by or on behalf of eToro, FTV, any of their
respective affiliates or any control Persons, officers, directors, employees, agents or representatives of any of the foregoing
or any other Person (including the Placement Agents), expressly or by implication, other than those representations, warranties,
covenants and agreements of eToro expressly set forth in Section 5 of this Subscription Agreement.

 

(e) 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, with respect to FTV, the Transaction and the business of eToro and its subsidiaries.
Without limiting the generality of the foregoing, the Investor acknowledges that he, she or it has reviewed FTV’s filings
with the SEC. 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.

 

(f) The Investor
became aware of this offering of the Shares solely by means of direct contact between the Investor, on the one hand, and FTV,
eToro or a representative of FTV or eToro, on the other hand, and the Shares were offered to the Investor solely by such direct
contact. 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 to the Investor by any form of general solicitation
or general advertising and (ii) are not being offered to the Investor in a manner involving a public offering under, or in
a distribution in violation of, the Securities Act, or any state securities laws. The Investor acknowledges that it is not relying
upon, and has not relied upon, any statement, representation or warranty made by any other Person (including, without limitation,
FTV, eToro, the Placement Agents, any of their respective affiliates or any control Persons, officers, directors, employees, agents
or representatives of any of the foregoing), other than the representations and warranties of eToro contained in Section 5
of this Subscription Agreement, in making its investment or decision to invest in eToro.

 

(g) The Investor
acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares. The Investor
has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an
investment in the Shares, and the Investor has sought such accounting, legal and tax advice as the Investor has considered necessary
to make an informed investment decision. The Investor acknowledges that Investor shall be responsible for any of the Investor’s
tax liabilities that may arise as a result of the transactions contemplated by this Subscription Agreement, and that neither FTV
nor eToro has provided any tax advice or any other representation or guarantee regarding the tax consequences of the transactions
contemplated by this Subscription Agreement.

 

(h) 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 eToro. The Investor
acknowledges specifically that a possibility of total loss exists.

 

(i) The Investor
acknowledges and agrees that no federal or state 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.

 

(j) 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.

 

    7

    

    

 

(k) 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 Governmental Entity, or any agreement or other undertaking, to which the Investor is a party or by which the Investor is bound,
and, the Investor will not 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 of the Investor 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 agreement of eToro, 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) applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights
generally, and (ii) the availability of specific performance, injunctive relief, or other equitable remedies.

 

(l) Neither the
Investor nor any of its officers, directors, managers, managing members, general partners or any other Person acting in a similar
capacity or carrying out a similar function, is (i) a Person named on the Specially Designated Nationals and Blocked Persons
List, the Foreign Sanctions Evaders List, the Sectoral Sanctions Identification List, or any other similar list of sanctioned
persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control, or any similar list of sanctioned
persons administered by the European Union or any individual European Union member state, including the United Kingdom (collectively,
“Sanctions Lists”); (ii) directly
or indirectly owned or controlled by, or acting on behalf of, one or more Persons on a Sanctions 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, Venezuela, the Crimea region of Ukraine, or any other country
or territory embargoed or subject to substantial trade restrictions by the United States, the European Union or any individual
European Union member state, including the United Kingdom; (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 (collectively, a “Prohibited Investor”).
The Investor represents that if it 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”), that the Investor maintains policies and procedures reasonably designed to comply with applicable obligations
under the BSA/PATRIOT Act. The Investor also represents that it maintains policies and procedures reasonably designed to ensure
compliance with sanctions administered by the United States, the European Union, or any individual European Union member state,
including the United Kingdom, to the extent applicable to it. The Investor further represents 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.

 

(m) If the Investor
is or is acting on behalf of (i) an employee benefit plan that is subject to Title I of the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”),
(ii) a plan, an individual retirement account or other arrangement that is subject to Section 4975 of the Internal Revenue
Code of 1986 (the “Code”), (iii) an entity whose underlying assets are considered to include “plan
assets” of any such plan, account or arrangement described in clauses (i) and (ii) (each, an “ERISA
Plan”), or (iv) an employee benefit plan that is a governmental plan (as defined in Section 3(32) of
ERISA), a church plan (as defined in Section 3(33) of ERISA), a non-U.S. plan (as described in Section 4(b)(4) of ERISA)
or other plan that is not subject to the foregoing clauses (i), (ii) or (iii) but may be subject to provisions under any
other federal, state, local, non-U.S. or other laws or regulations that are similar to such provisions of ERISA or the Code (collectively,
“Similar Laws,” and together
with ERISA Plans, “Plans”),
then the Investor represents and warrants that (1) neither eToro nor any of its affiliates has provided investment advice
or has otherwise acted as the Plan’s fiduciary, with respect to its decision to acquire and hold the Shares, and none of
the parties to the Transaction is or shall at any time be the Plan’s fiduciary with respect to any decision in connection
with the Investor’s investment in the Shares; and (2) its purchase of the Shares will not result in a non-exempt prohibited
transaction under Section 406 of ERISA or Section 4975 of the Code, or any applicable Similar Law.

 

(n) As of the date
hereof, the Investor does not have, and during the thirty (30) day period immediately prior to the date hereof has not entered
into, any “put equivalent position” as such term is defined in Rule 16a-1 under the Exchange Act or short sale positions
with respect to the securities of eToro or FTV.

 

    8

    

    

 

(o) No disclosure
or offering document has been provided to the Investor by Goldman Sachs Israel LLC (“GS”), Citigroup Global
Markets Inc. (“Citi” and together with GS, collectively, the “Placement
Agents”) or any of their affiliates in connection with the offer and sale of the Shares.

 

(p) The Investor
acknowledges that none of the Placement Agents, any of their affiliates, or any control Persons, officers, directors, employees,
agents or representatives of any of the foregoing has made any independent investigation with respect to FTV, eToro 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 eToro.

 

(q) In connection
with the issue and purchase of the Shares, none of the Placement Agents or any of their affiliates has acted as the Investor’s
financial advisor or fiduciary.

 

(r) The Investor
when required to deliver payment to eToro 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.

 

(s) No broker’s
or finder’s fees or commissions will be payable by the Investor with respect to the transactions contemplated hereby.

 

(t) The Investor
hereby agrees that, from the date of this Subscription Agreement until the Closing Date (or earlier termination of this Subscription
Agreement), neither the Investor nor any Person acting on behalf of the Investor or pursuant to any understanding with the Investor
will engage in any Short Sales (as defined below) with respect to securities of eToro or FTV. For purposes of this Section 6(t),
“Short Sales” shall mean all “short sales” as defined in Rule 200 promulgated under Regulation
SHO under the Exchange Act, and all short positions effected through any direct or 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 or other short transactions through non-U.S. broker dealers
or foreign regulated brokers. Notwithstanding anything to the contrary contained herein, the restrictions in this Section 6(t)
shall not apply to (1) any sale (including the exercise of any redemption right) of securities of eToro or FTV (A) held by
the Subscriber, its controlled affiliates or any person or entity acting on behalf of the Subscriber or any of its controlled
affiliates prior to the execution of this Subscription Agreement or (B) purchased by the Subscriber, its controlled affiliates
or any person or entity acting on behalf of the Subscriber or any of its controlled affiliates in an open market transaction after
the execution of this Subscription Agreement, or (ii) ordinary course hedging transactions so long as the sales or borrowings
relating to such hedging transactions are not settled with the Shares subscribed for hereunder and the number of securities sold
in such transactions does not exceed the number of securities owned or subscribed for at the time of such transactions. Further,
notwithstanding the foregoing, (i) nothing in this Section 6(t) shall prohibit other entities under common management
with the Investor, or that share an investment advisor with the Investor, that have no knowledge of this Subscription Agreement
or of the Investor’s Subscription (including the Investor’s controlled affiliates and/or affiliates) from entering
into any Short Sales and (ii) in the case of an Investor that is a multi-managed investment bank or vehicle whereby separate portfolio
managers or desks manage separate portions of such the Investor’s assets and the portfolio managers or desks have no knowledge
of the investment decisions made by the portfolio managers or desks managing other portions of such the Investor’s assets,
the limitations set forth in the first sentence of this Section 6(t) shall only apply with respect to the portion
of assets managed by (a) the portfolio manager or desk that made the investment decision to purchase the Shares covered by this
Subscription Agreement (the “Investing Portfolio Manager”) and (b) other portfolio managers or desks who have
direct knowledge of the investment decisions made by the Investing Portfolio Manager.

 

(u) To the extent
the Investor is a person or entity described in Rule 506(d)(1) under the Securities Act, the Investor represents that no disqualifying
event described in Rule 506(d)(1)(i)-(viii) (a “Disqualification Event”) is applicable to the Investor or any
of its Rule 506(d) Related Parties (as defined below), except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii)
or (iii) or (d)(3) is applicable. The Investor hereby agrees that it shall notify eToro promptly in writing in the event a Disqualification
Event becomes applicable to the Investor or any of its Rule 506(d) Related Parties, except, if applicable, for a Disqualification
Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable. For purposes of this Section 6(u), “Rule
506(d) Related Party” shall mean a Person that is a beneficial owner of the Investor’s securities for purposes
of Rule 506(d) under the Securities Act.

 

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(v) The Investor
hereby acknowledges that it is aware of the fact that, in addition to their capacity as eToro’s Placement Agents in connection
with the Subscription, (i) GS is acting as financial advisor to eToro and (ii) Citi is acting as financial advisor to FTV, in
each case in connection with the Transaction.

 

7. Registration
Rights.

 

(a) eToro agrees
that, within thirty (30) calendar days following the Closing Date (such deadline, the “Filing Deadline”), eToro
will submit to or file with the SEC a registration statement for a shelf registration on Form F-1, Form F-3 (if eToro is then
eligible to use a Form F-3 shelf registration) or other appropriate form (the “Registration
Statement”), in each case, covering the resale of the Shares acquired by the Investor pursuant to this Subscription
Agreement which are eligible for registration (determined as of two (2) business days prior to such submission or filing) (the
“Registrable Shares”) and eToro 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 earliest of (i) the 60th calendar day
following the filing date thereof if the SEC notifies eToro that it will “review” the Registration Statement, (ii)
the first anniversary of the date of this Subscription Agreement and (iii) the 5th business day after the date eToro 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 (such earlier date, the “Effectiveness Deadline”); provided, however,
that eToro’s obligations to include the Registrable Shares in the Registration Statement are contingent upon Investor furnishing
in writing to eToro such information regarding Investor or its permitted assigns, the securities of eToro held by Investor and
the intended method of disposition of the Registrable Shares (which shall be limited to non-underwritten public offerings) as
shall be reasonably requested by eToro to effect the registration of the Registrable Shares, and Investor shall execute such documents
in connection with such registration as eToro may reasonably request that are customary of a selling shareholder in similar situations,
including providing that eToro shall be entitled to postpone and suspend the effectiveness or use of the Registration Statement,
if applicable, during any customary blackout or similar period or as permitted hereunder; provided that Investor shall
not in connection with the foregoing be required to execute any lock-up or similar agreement or otherwise be subject to any contractual
restriction on the ability to transfer the Registrable Shares. eToro will use its commercially reasonable efforts to provide a
draft of the Registration Statement to the Investor for review at least two (2) business days in advance of the date of filing
the Registration Statement with the SEC; provided that for the avoidance of doubt, in no event shall eToro be required
to delay or postpone the filing of such Registration Statement as a result of or in connection with the Investor’s review.

 

(b)  For as long
as the Investor holds Shares, eToro will use commercially reasonable efforts to file all reports for so long as the condition
in Rule 144(c)(1) (or Rule 144(i)(2), if applicable) is required to be satisfied, and provide all customary and reasonable cooperation,
necessary to enable the undersigned to resell the Shares pursuant to Rule 144 promulgated under the Securities Act (“Rule
144”) (in each case, when Rule 144 of the Securities Act becomes available to the Investor). Any failure by eToro to
file the Registration Statement by the Filing Deadline or to effect such Registration Statement by the Effectiveness Deadline
shall not otherwise relieve eToro of its obligations to file or effect the Registration Statement as set forth above in this Section 7.
Notwithstanding the foregoing, if the SEC prevents eToro 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, 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 and as promptly
as practicable after being permitted to register additional Registrable Shares under Rule 415 under the Securities Act, eToro
shall amend the Registration Statement or file a new Registration Statement to register such Registrable Shares not included in
the initial Registration Statement and shall use commercially reasonable efforts to have such amendment or Registration Statement
declared effective as soon as practicable after the filing thereof, but no later than the Effectiveness Deadline. As soon as is
reasonably practicable upon notification by the SEC that the Registration Statement has been declared effective by the SEC, eToro
shall file the final prospectus under Rule 424 of the Securities Act. In no event shall the Investor be identified as a statutory
underwriter in the Registration Statement unless requested by the SEC; provided 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.

 

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(c) At its expense
eToro shall:

 

(i) except
for such times as eToro is permitted hereunder to suspend the use of the prospectus forming part of a Registration Statement,
use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under state
securities laws which eToro determines to obtain, continuously effective with respect to the Investor, and to keep the applicable
Registration Statement or any subsequent shelf registration statement free of any material misstatements or omissions, until the
earlier of the following: (A) Investor ceases to hold any Registrable Shares, (B) the date all Registrable Shares held
by Investor may be sold without restriction under Rule 144, including, without limitation, any volume and manner of sale restrictions
which may be applicable to affiliates under Rule 144 and without the requirement for eToro to be in compliance with the current
public information required under Rule 144(c)(1) (or Rule 144(i)(2), if applicable), and (C) three (3) years from the date
of effectiveness of the Registration Statement;

 

(ii) use
reasonable best efforts to advise Investor within five (5) business days:

 

(1) when
a Registration Statement or any amendment thereto has been filed with the SEC and when such Registration Statement or any post-effective
amendment thereto has become effective;

 

(2) after
it shall receive notice or obtain knowledge thereof, of the issuance by the SEC of any stop order suspending the effectiveness
of any Registration Statement or the initiation of any proceedings for such purpose;

 

(3) of
the receipt by eToro of any notification with respect to the suspension of the qualification of the Registrable Shares included
therein for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

(4) 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.

 

Notwithstanding anything to the contrary
set forth herein, eToro shall not, when so advising Investor of such events described in Section 7(c)(ii) above, provide
Investor with any material, nonpublic information regarding eToro other than to the extent that providing notice to Investor of
the occurrence of the events listed in (1) through (4) above constitutes material, nonpublic information regarding eToro;

 

(iii) use
its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration Statement
as soon as reasonably practicable;

 

(iv) upon
the occurrence of any event contemplated in Section 7(c)(ii)(4) above, except for such times as eToro is permitted
hereunder to suspend, and has suspended, the use of a prospectus forming part of a Registration Statement, eToro shall use its
commercially reasonable efforts to as soon as reasonably practicable prepare a post-effective 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 Registrable 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;

 

(v) use
its commercially reasonable efforts to cause all Registrable Shares to be listed on each securities exchange or market, if any,
on which the common shares issued by eToro have been listed;

 

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(vi) cause
eToro’s transfer agent to remove the legend set forth above in Section 6(b) in accordance with the provisions
of Section 7(g); and

 

(vii) otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Investor, consistent
with the terms of this Subscription Agreement, in connection with the registration of the Registrable Shares.

 

(d) Notwithstanding
anything to the contrary in this Subscription Agreement, eToro shall be entitled to delay the filing or effectiveness of, or suspend
the use of, the Registration Statement if it determines that in order for the Registration Statement not to contain a material
misstatement or omission, (i) 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 or (ii) the negotiation or consummation of a transaction
by eToro or its subsidiaries is pending or an event has occurred, which negotiation, consummation or event eToro’s board
of directors reasonably believes would require additional disclosure by eToro in the Registration Statement of material information
that eToro has a bona fide business purpose for keeping confidential and the non-disclosure of which in the Registration Statement
would be expected, in the reasonable determination of eToro’s board of directors to cause the Registration Statement to
fail to comply with applicable disclosure requirements (each such circumstance, a “Suspension
Event”); provided, however, that eToro may not delay or suspend the Registration Statement on more than
two (2) occasions or for more than sixty (60) consecutive calendar days, or more than ninety (90) total calendar days in
each case during any twelve (12) month period. Upon receipt of any written notice from eToro of the happening of any Suspension
Event during the period that the Registration Statement is effective or if as a result of a Suspension Event the Registration
Statement or related prospectus contains any untrue statement of a material fact or omits to state any material fact required
to be stated therein or necessary to make the statements therein (in light of the circumstances under which they were made, in
the case of the prospectus) not misleading, Investor agrees that (i) it will immediately discontinue offers and sales of
the Registrable Shares under the Registration Statement (excluding, for the avoidance of doubt, sales conducted pursuant to Rule
144) until Investor receives copies of a supplemental or amended prospectus (which eToro agrees to promptly prepare) that corrects
the misstatement(s) or omission(s) referred to above and receives notice that any post-effective amendment has become effective
or unless otherwise notified by eToro that it may resume such offers and sales, and (ii) it will maintain the confidentiality
of any information included in such written notice delivered by eToro unless otherwise required by law or subpoena. If so directed
by eToro, Investor will deliver to eToro or, in Investor’s sole discretion destroy, all copies of the prospectus covering
the Registrable Shares in Investor’s possession; provided, however, that this obligation to deliver or destroy all
copies of the prospectus covering the Registrable Shares shall not apply (A) to the extent Investor is required to retain
a copy of such prospectus (1) in order to comply with applicable legal, regulatory, self-regulatory or professional requirements
or (2) in accordance with a bona fide pre-existing document retention policy or (B) to copies stored electronically
on archival servers as a result of automatic data back-up.

 

(e) The Investor
may deliver written notice (an “Opt-Out Notice”) to eToro requesting that the Investor not receive notices
from eToro otherwise required by Section 7; provided, however, that the Investor may later revoke any such
Opt-Out Notice in writing. Following receipt of an Opt-Out Notice from the Investor (unless subsequently revoked), (i) eToro shall
not deliver any such notices to the Investor and the Investor shall no longer be entitled to the rights associated with any such
notice and (ii) each time prior to the Investor’s intended use of an effective Registration Statement, the Investor will
notify eToro in writing at least two (2) business days in advance of such intended use, and if a notice of a Suspension Event
was previously delivered (or would have been delivered but for the provisions of this Section 7(e)) and the related
suspension period remains in effect, eToro will so notify the Investor, within two (2) business days of the Investor’s notification
to eToro, by delivering to the Investor a copy of such previous notice of Suspension Event, and thereafter will provide the Investor
with the related notice of the conclusion of such Suspension Event immediately upon its availability.

 

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(f) Indemnification.

 

(i) eToro
agrees to indemnify, to the extent permitted by law, Investor (to the extent a seller under the Registration Statement), its directors,
officers, partners, managers, members, investment advisors, employees, shareholders and each Person who controls Investor (within
the meaning of the Securities Act), to the extent permitted by law, against all losses, claims, damages, liabilities and reasonable
and documented out of pocket expenses (including, without limitation, reasonable and documented attorneys’ fees of one law
firm) caused by any untrue or alleged untrue statement of material fact contained in any Registration Statement, prospectus included
in any Registration Statement (“Prospectus”)
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 (in the case of a Prospectus, in the light of the circumstances
under which they were made) not misleading, except insofar as the same are caused by or contained in any information or affidavit
so furnished in writing to eToro by or on behalf of such Investor expressly for use therein or such Investor has omitted a material
fact from such information; provided, however, that the indemnification contained in this Section 7(f)(i) shall
not apply to amounts paid in settlement of any losses, claims, damages, liabilities and out of pocket expenses if such settlement
is effected without the consent of eToro (which consent shall not be unreasonably withheld, conditioned or delayed), nor shall
eToro be liable for any losses, claims, damages, liabilities and out of pocket expenses to the extent they arise out of or are
based upon a violation which occurs (A) in reliance upon and in conformity with written information furnished by an Investor,
(B) in connection with any failure of such Person to deliver or cause to be delivered a prospectus made available by eToro
in a timely manner, (C) as a result of offers or sales effected by or on behalf of any Person by means of a “free writing
prospectus” (as defined in Rule 405 under the Securities Act) that was not authorized in writing by eToro, or (D) in
connection with any offers or sales effected by or on behalf of an Investor in violation of Section 7(d) hereof.

 

(ii) In
connection with any Registration Statement in which an Investor is participating, such Investor shall furnish (or cause to be
furnished) to eToro in writing such information and affidavits as eToro reasonably requests for use in connection with any such
Registration Statement or Prospectus and, to the extent permitted by law, shall indemnify eToro, its directors, officers, agents,
employees and each Person or entity who controls eToro (within the meaning of the Securities Act) against any losses, claims,
damages, liabilities and expenses (including, without limitation, reasonable outside attorneys’ fees) resulting from any
untrue or alleged untrue statement of material fact contained or incorporated by reference in any Registration Statement, Prospectus
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 (in the case of a Prospectus, in the light of the circumstances
under which they were made) not misleading, but only to the extent that such untrue statement or omission is contained (or not
contained in, in the case of an omission) in any information or affidavit so furnished in writing by on behalf of such Investor
expressly for use therein; provided, however, that the liability of such Investor shall be several and not joint with any
other investor and shall be in proportion to and limited to the net proceeds received by such Investor from the sale of Registrable
Shares giving rise to such indemnification obligation.

 

(iii) Any
Person entitled to indemnification herein shall (A) 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 materially prejudiced the indemnifying party) and (B) unless
in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties
may exist with respect to such claim, 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 (but such consent shall not be unreasonably withheld, conditioned
or delayed). An indemnifying party who is not entitled to, or 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 any indemnified party a conflict of interest may exist 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
includes a statement or admission of fault and culpability on the part of such indemnified party or which 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. 

 

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(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 or controlling Person or entity of such indemnified party
and shall survive the transfer of securities. 

 

(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; provided,
however, that the liability of the Investor shall be limited to the net proceeds received by such Investor from the sale of
Registrable Shares giving rise to such indemnification obligation. 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 not made by, in
the case of an omission), or relates to information supplied by (or not supplied by, in the case of an omission), 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 in Section 7(f)(i),
Section 7(f)(ii) and Section 7(f)(iii) 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)(v) from any
Person who was not guilty of such fraudulent misrepresentation.

 

(g) Subject to
receipt from the Investor by eToro and the transfer agent of customary representations and other documentation reasonably acceptable
to eToro and the transfer agent in connection therewith, including, if required by the transfer agent, an opinion of eToro’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, eToro shall remove any legend from the book entry position evidencing
the Shares within a reasonable time following the earliest of such time as the Shares (i) are subject to an effective registration
statement wherein the Investor is named as a selling shareholder, (ii) have been or are about to be sold or transferred pursuant
to Rule 144, or (iii) are eligible for resale under Rule 144(b)(1) or any successor provision. If restrictive legends are no longer
required for the Shares pursuant to the foregoing, eToro shall, in accordance with the provisions of this section and reasonably
promptly following 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 the Shares. eToro shall be responsible
for the fees of the transfer agent associated with such issuance.

 

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 earliest
to occur of (a) such date and time as the Transaction Agreement is terminated in accordance with its terms, (b) upon
the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement, (c) if the conditions
to Closing set forth in Section 3 of this Subscription Agreement are not satisfied, or are not capable of being satisfied,
on or prior to the Closing and, as a result thereof, the transactions contemplated by this Subscription Agreement will not be
or are not consummated at the Closing and (d) December 31, 2021; 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. eToro shall notify the Investor of
the termination of the Transaction Agreement promptly after the termination of such agreement. Upon the termination of this Subscription
Agreement in accordance with this Section 8, any monies paid by the Investor to eToro in connection herewith shall
be promptly (and in any event within one business day after such termination) returned to the Investor.

 

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9. Miscellaneous.

 

(a) Neither this
Subscription Agreement nor any rights that may accrue to the Investor hereunder (other than the Shares acquired hereunder, if
any) may be transferred or assigned, other than an assignment to any entity, fund or account managed by the same investment manager
as the Investor or an affiliate thereof or any affiliate of the Investor, subject to, if such transfer or assignment is prior
to the Closing, such transferee or assignee, as applicable, executing a joinder to this Subscription Agreement or a separate subscription
agreement in substantially the same form as this Subscription Agreement, including with respect to the Subscription Amount and
other terms and conditions; provided that, in the case of any such transfer or assignment, the initial party to this Subscription
Agreement shall remain bound by its obligations under this Subscription Agreement in the event that the transferee or assignee,
as applicable, does not comply with its obligations to consummate the purchase of Shares contemplated hereby. Neither this Subscription
Agreement nor any rights that may accrue to eToro hereunder or any of eToro’s obligations may be transferred or assigned
other than pursuant to the Transaction.

 

(b) eToro may request
from the Investor such additional information as eToro may deem necessary to evaluate the eligibility of the Investor to acquire
the Shares, to comply with applicable regulatory requirements and in connection with the inclusion of the Shares in the Registration
Statement, including the information and documents set forth on Schedule B to this Subscription Agreement, and the
Investor shall provide such information as may reasonably be requested, to the extent readily available and to the extent consistent
with its internal policies and procedures; provided that eToro agrees to keep confidential any such information provided
by the Investor. The Investor acknowledges that eToro may file a copy of this Subscription Agreement with the SEC as an exhibit
to a current or periodic report or a registration statement of eToro.

 

(c) The Investor
acknowledges that eToro and the Placement Agents (as third-party beneficiaries with the right to enforce Section 4,
Section 5, Section 6, Section 9, and Section 10 hereof on their own behalf and
not, for the avoidance of doubt, on behalf of eToro or FTV) will rely on the acknowledgments, understandings, agreements, representations
and warranties of the Investor contained in this Subscription Agreement. Prior to the Closing, the Investor agrees to promptly
notify eToro and the Placement Agents if any of the acknowledgments, understandings, agreements, representations and warranties
of the Investor set forth herein are no longer accurate.

 

(d) eToro acknowledges
that the Investor and the Placement Agents (as third-party beneficiaries with the right to enforce Section 4, Section 5,
Section 6, Section 9, and Section 10 hereof on their own behalf and not, for the avoidance
of doubt, on behalf of the Investor or FTV) will rely on the acknowledgments, understandings, agreements, representations and
warranties of eToro contained in this Subscription Agreement. Prior to the Closing, eToro agrees to promptly notify the Investor
and the Placement Agents if any of the acknowledgments, understandings, agreements, representations and warranties of eToro set
forth herein are no longer accurate.

 

(e) eToro, the
Placement Agents (as set forth in Section 9(c) and Section 9(d)) and the Investor 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 action, suit, hearing, claim, charge, audit, lawsuit, litigation, inquiry or proceeding (in each
case, whether civil, criminal or administrative or at law or in equity) by or before a Governmental Entity (“Legal Proceeding”)
with respect to the matters covered hereby.

 

(f) All of the
representations and warranties contained in this Subscription Agreement shall survive the Closing. All of the covenants and agreements
made by each party in this Subscription Agreement shall survive the Closing until the applicable statute of limitations or in
accordance with their respective terms, if a shorter period.

 

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(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. 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 and third-party beneficiaries
hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have hereunder.

 

(h) For purposes
of this Subscription Agreement, no course of dealing among any or all of the parties shall operate as a waiver of the rights or
remedies hereof.

 

(i) This Subscription
Agreement (including the schedule hereto) constitutes the entire agreement among the parties with respect to the subject matter
hereof, 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 7(f), Section 9(c) and
Section 9(d) with respect to the Persons referenced therein, this Subscription Agreement shall not confer any rights
or remedies upon any Person other than the parties hereto, and their respective successor and assigns.

 

(j) Except as otherwise
provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective
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.

 

(k) In the event
that any term, provision, covenant or restriction of this Subscription Agreement, or the application thereof, is held to be illegal,
invalid or unenforceable under any present or future Legal Requirement: (i) such provision will be fully severable; (ii) this
Subscription Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised
a part hereof; (iii) the remaining provisions of this Subscription Agreement will remain in full force and effect and will not
be affected by the illegal, invalid or unenforceable provision or by its severance herefrom; and (iv) in lieu of such illegal,
invalid or unenforceable provision, there will be added automatically, upon the prior written consent of each party hereto (which
consent shall not be unreasonably withheld, conditioned or delayed) as a part of this Subscription Agreement a legal, valid and
enforceable provision as similar in terms of such illegal, invalid or unenforceable provision as may be possible.

 

(l) Each party
shall pay all of its own costs and expenses incurred in anticipation of, relating to and in connection with the negotiation and
execution of this Subscription Agreement and the transactions contemplated hereby, whether or not such transactions are consummated.

 

(m) The obligations
of the Investor under this Subscription Agreement are several and not joint with the obligations of any other investor under the
Other Subscription Agreements, and the Investor shall not be responsible in any way for the performance of the obligations of
any other investor under any Other Subscription Agreement. The decision of the Investor to purchase the Shares pursuant to this
Subscription Agreement has been made by the Investor independently of any other investor and independently of any information,
materials, statements opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations,
condition (financial or otherwise) or prospects of eToro, FTV or any of their respective subsidiaries which may have been made
or given by any other investor or by any agent or employee of any other investor, and neither the Investor nor any of its agents
or employees shall have any liability to any other investor relating to or arising from any such information, materials, statements
or opinions. Nothing contained herein or in any Other Subscription Agreement, and no action taken by the Investor or any other
investor pursuant hereto or thereto, shall be deemed to constitute the Investor and any other investor as a partnership, an association,
a joint venture or any other kind of entity, or create a presumption that the Investor and any other investor are in any way acting
in concert or as a “group” (within the meaning of Section 13(d) of the Exchange Act) with respect to such obligations
or the transactions contemplated by this Subscription Agreement and the Other Subscription Agreements. The Investor acknowledges
that no other investor has acted as agent for the Investor in connection with making its investment hereunder and no other investor
will be acting as agent of the Investor in connection with monitoring its investment in the Shares or enforcing its rights under
this Subscription Agreement.

 

    16

    

    

 

(n) This Subscription
Agreement may be executed in one or more counterparts (including by 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.

 

(o) The parties
hereto 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. The parties agree that each party shall be entitled
to specific performance of the terms hereof and immediate injunctive relief and other equitable relief to prevent breaches, or
threatened breaches, of this Subscription Agreement, without the necessity of proving the inadequacy of money damages as a remedy
and without bond or other security being required, this being in addition to any other remedy to which they are entitled at law
or in equity. Each party hereby acknowledges and agrees that it may be difficult to prove damages with reasonable certainty, that
it may be difficult to procure suitable substitute performance, and that injunctive relief and/or specific performance will not
cause an undue hardship to the parties hereto. Each party hereby further acknowledges that the existence of any other remedy contemplated
by this Subscription Agreement does not diminish the availability of specific performance of the obligations hereunder or any
other injunctive relief. Each party hereby further agrees that in the event of any action by the other party for specific performance
or injunctive relief, it will not assert that a remedy at law or other remedy would be adequate or that specific performance or
injunctive relief in respect of such breach or violation should not be available on the grounds that money damages are adequate
or any other grounds.

 

(p) Each party
irrevocably consents to the exclusive jurisdiction and venue of the Court of Chancery in the State of Delaware (or, to the extent
that the such court does not have subject matter jurisdiction, the Superior Court of the State of Delaware or, if it has or can
acquire jurisdiction, in the United States District Court for the District of Delaware), in each case in connection with any matter
based upon or arising out of this Subscription Agreement and the consummation of the transactions contemplated hereby, agrees
that process may be served upon them in any manner authorized by the laws of the State of Delaware for such Person and waives
and covenants not to assert or plead any objection which they might otherwise have to such manner of service of process. Each
party waives, and shall not assert as a defense in any legal dispute, that: (i) such party is not personally subject to the jurisdiction
of the above named courts for any reason; (ii) such Legal Proceeding may not be brought or is not maintainable in such court;
(iii) such party’s property is exempt or immune from execution; (iv) such Legal Proceeding is brought in an inconvenient
forum; or (v) the venue of such Legal Proceeding is improper. Each party hereby agrees not to commence or prosecute any such action,
claim, cause of action or suit other than before one of the above-named courts, nor to make any motion or take any other action
seeking or intending to cause the transfer or removal of any such action, claim, cause of action or suit to any court other than
one of the above-named courts, whether on the grounds of inconvenient forum or otherwise. Each party hereby consents to service
of process in any such proceeding in any manner permitted by Delaware law, and further consents to service of process by nationally
recognized overnight courier service guaranteeing overnight delivery, or by registered or certified mail, return receipt requested,
at its address specified pursuant to Section 12. Notwithstanding the foregoing in this Section 9(p), any
party may commence any action, claim, cause of action or suit in a court other than the above-named courts solely for the purpose
of enforcing an order or judgment issued by one of the above-named courts.

 

(q) TO THE EXTENT
NOT PROHIBITED BY ANY APPLICABLE LEGAL REQUIREMENT THAT CANNOT BE WAIVED, EACH PARTY 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 AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED
HEREBY, AND FOR ANY COUNTERCLAIM RELATING THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING. IF THE SUBJECT MATTER
OF ANY SUCH LEGAL DISPUTE IS ONE IN WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY NOR ANY PERSON ASSERTING RIGHTS AS
A THIRD-PARTY BENEFICIARY SHALL ASSERT IN SUCH LEGAL DISPUTE A NON-COMPULSORY COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS
SUBSCRIPTION AGREEMENT AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY. FURTHERMORE, NO PARTY 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.

 

    17

    

    

 

10. Non-Reliance
and Exculpation. The Investor acknowledges and agrees that: (a) it is not relying upon, and has not relied upon, any statement,
representation or warranty made by any Person (including, without limitation, the Placement Agents, any of their 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 eToro expressly contained in Section 5 of this Subscription Agreement,
in making its investment or decision to invest in eToro; (b) each of the Placement Agents is acting solely as placement agent
in connection with the Subscription and is not acting as an underwriter or in any other capacity and is not and shall not be construed
as a fiduciary for the Investor or any other Person in connection with the Subscription; (c) none of the Placement Agents, any
of their affiliates or any control Persons, officers, directors, employees, partners, agents or representatives of any of the
foregoing has made, or will make, any (x) representation or warranty, whether express or implied, of any kind or character to
the Investor and have not provided, and will not provide, any advice or recommendation to the Investor in connection with the
Subscription or (y) independent investigation with respect to FTV, eToro or the Shares or the accuracy, completeness or adequacy
of any information supplied to the Investor by eToro and (d) the Placement Agents have not provided the Investor with a disclosure
or offering document in connection with the offer and sale of the Shares. 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 such other 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 affiliates or any control Persons,
officers, directors, employees, partners, agents or representatives of any of the foregoing, (iii) any other party to the Transaction
Agreement (other than eToro and FTV), or (iv) FTV, any affiliates, or any control Persons, officers, directors, employees, partners,
agents or representatives of any of FTV, eToro or any other party to the Transaction Agreement shall be liable to the Investor,
or to any other investor, pursuant to this Subscription Agreement or any Other Subscription Agreement related to the private placement
of the Shares, the negotiation hereof or thereof or the subject matter hereof or thereof, or the transactions contemplated hereby
or thereby, for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase
of the Shares.

 

11. Press
Releases; Publicity. eToro shall, by 9:00 a.m., New York City time, on or before the first (1st) business day immediately
following the date of this Subscription Agreement, cause FTV to issue one or more press releases or furnish or file with the SEC
a Current Report on Form 8-K (collectively, the “Disclosure Document”) disclosing, to the extent not previously
publicly disclosed, the PIPE Investment, all material terms of the Transaction and any other material, non-public information
that eToro, FTV or any of their officers, directors, employees or agents (including Placement Agents) have provided to the Investor
at any time prior to the filing of the Disclosure Document. From and after the disclosure of the Disclosure Document, the Investor
shall not be in possession of any material, non-public information received from eToro, FTV or any of their officers, directors
or employees and the Investor shall no longer be subject to any confidentiality or similar obligations under any current agreement,
whether written or oral, with eToro, FTV or any of their affiliates or agents relating to the transactions contemplated by this
Subscription Agreement. All press releases, marketing materials or other public communications or disclosures relating to the
transactions contemplated hereby between eToro and the Investor, and the method of the release for publication thereof, shall
be subject to the prior approval of (a) eToro, and (b) to the extent such press release or public communication or disclosure
references the Investor or its affiliates or investment advisers by name, the Investor. The restriction in this Section 11
shall not apply to the extent the public announcement or disclosure is required by applicable securities law (including in
connection with the Registration Statement), any Governmental Entity or stock exchange rule; provided that in such an event,
unless prohibited by law, rule or regulation, the disclosing party shall provide the Investor with prior written notice (including
by email) of such disclosure and shall use its commercially reasonable efforts to consult with the other party in advance as to
its form, content and timing.

 

    18

    

    

 

12. Notices.
All notices and other communications hereunder shall be in writing and shall be deemed given: (a) on the date of delivery if delivered
personally; (b) one (1) business day after being sent by a nationally recognized overnight courier guaranteeing overnight delivery;
(c) when sent, if delivered by email (provided that no “error message” or other notification of non-delivery
is generated); or (d) on the fifth (5th) business day after the date mailed, by certified or registered mail, return receipt requested,
postage prepaid. Such communications, to be valid, must be addressed as follows:

 

If to the Investor, to the address provided on the Investor’s
signature page hereto.

 

If to eToro, to:

 

eToro Group Ltd.

30 Sheshet Hayamim St.

Bnei Brak, Israel

		Attention:	Elad Lavi,
                                         VP Corporate Development

Debbie Kahal, General Counsel

		Email:	eladla@etoro.com

debbieka@etoro.com

 

with copies (which shall not constitute a notice) to:

 

Skadden, Arps, Slate, Meagher & Flom LLP

One Manhattan West

New York, New York 10001

		Attention:	David Goldschmidt

Sven Mickisch

Maxim Mayer-Cesiano

		Email:	david.goldschmidt@skadden.com

sven.mickisch@skadden.com

maxim.mayercesiano@skadden.com

 

and

 

Meitar | Law Offices

16 Abba Hillel Road

Ramat Gan, Israel

		Attention:	Dan Shamgar,
                                         Adv.

Jonathan Irom, Adv.

		Email:	dshamgar@meitar.com

jonathani@meitar.com

 

or to such other address or addresses
as the parties may from time to time designate in writing. Copies delivered solely to outside counsel shall not constitute notice.

 

[SIGNATURE PAGES FOLLOW]

 

    19

    

    

 

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: ________, 2021
	 	 
	Investor’s EIN:	 
	 	 
	Business Address-Street:	Mailing Address-Street (if different):
	 	 
	City, State, Zip:	City, State, Zip:

 

	Attn:	 	 	Attn:	 

 

	Telephone No.:	Telephone No.:
	Facsimile No.:	Facsimile 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 eToro in the Closing
Notice.

 

[Signature Page
to Subscription Agreement]

 

     

    

    

 

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

 

	 	ETORO GROUP LTD.

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

Date:              ,
2021

 

[Signature Page
to Subscription Agreement]

 

     

     

    

 

SCHEDULE A

 

ELIGIBILITY REPRESENTATIONS
OF THE INVESTOR

 

     

     

    

 

SCHEDULE B

 

INVESTOR DELIVERABLES

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