Document:

Exhibit 10.3

 

Execution Version

  

COMPANY
SUPPORT AGREEMENT

 

COMPANY
SUPPORT AGREEMENT, dated as of January 5, 2020 (this “Agreement”), by and among NEBULA ACQUISITION CORP., a
Delaware corporation (“NAC”), and each of the members of the Company whose names appear on the signature pages
of this Agreement (each, a “Company Member” and, collectively, the “Company Members”).

 

WHEREAS,
NAC, Open Lending, LLC, (the “Company”), BRP Hold 11, Inc. (“Blocker”), the Blocker Holder
as defined therein, Nebula Parent Corp., (“ParentCo”), NBLA Merger Sub LLC, (“Merger Sub LLC”),
and NBLA Merger Sub Corp., (“Merger Sub Corp”), propose to enter into, simultaneously herewith, a business
combination agreement (the “BCA”; terms used but not defined in this Agreement shall have the meanings ascribed
to them in the BCA), a copy of which has been made available to each Company Member, which provides, among other things, that,
upon the terms and subject to the conditions thereof, Merger Sub Corp will be merged with and into NAC (the “First Merger”),
with NAC surviving the First Merger as a wholly owned subsidiary of ParentCo and Merger Sub LLC will be merged with and into the
Company (the “Second Merger”), with the Company surviving the Second Merger as a direct and indirect wholly-owned
subsidiary of ParentCo;

 

WHEREAS,
as of the date hereof, each Company Member owns of record the number of Company Common Units, Company Series A Preferred Units,
Company Series B Preferred Units and Company Series C Preferred Units as set forth opposite such Company Member’s name on
Exhibit A hereto (all such Company Common Units, Company Series A Preferred Units, Company Series B Preferred Units and
Company Series C Preferred Units and any Company Common Units, Company Series A Preferred Units, Company Series B Preferred Units
and Company Series C Preferred Units of which ownership of record or the power to vote is hereafter acquired by the Company Members
prior to the termination of this Agreement being referred to herein as the “Units”); and

 

WHEREAS,
in order to induce, NAC, ParentCo, Merger Sub LLC, and Merger Sub Corp to enter into the BCA, the Company Members are executing
and delivering this Agreement to NAC.

 

NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, and intending to be
legally bound hereby, the parties hereto hereby agrees as follows:

 

1. Agreement
to Vote. Each Company Member, by this Agreement, with respect to its Units, severally and not jointly, hereby agrees (and
agrees to execute such documents or certificates evidencing such agreement as NAC may reasonably request in connection therewith),
if (and only if) each of the Approval Conditions shall have been met, to vote, at any meeting of the members of the Company, and
in any action by written consent of the members of the Company, all of such Company Member’s Units (a) in favor of the approval
and adoption of the BCA, the transactions contemplated by the BCA and this Agreement, (b) in favor of any other matter reasonably
necessary to the consummation of the transactions contemplated by the BCA and considered and voted upon by the members of the
Company, (c) in favor of the approval and adoption of the New Stock Incentive Plan (as defined in the BCA) and (d) against any
action, agreement or transaction (other than the BCA or the transactions contemplated thereby) or proposal that would result in
a breach of any covenant, representation or warranty or any other obligation or agreement of the Company under the BCA or that
would reasonably be expected to result in the failure of the transactions contemplated by the BCA from being consummated. Each
Company Member acknowledges receipt and review of a copy of the BCA. For purposes of this Agreement, “Approval Conditions”
shall mean there shall not have been any amendment or modification to the Company Merger Consideration (including any Contingency
Consideration) payable under the BCA to the Company Members.

 

     

     

    

 

2. Transfer
of Units. Each Company Member severally and not jointly, agrees that it shall not, directly or indirectly, (a) sell,
assign, transfer (including by operation of law), lien, pledge, dispose of or otherwise encumber any of the Units or otherwise
agree to do any of the foregoing (unless the transferee agrees to be bound by this Agreement), (b) deposit any Units into
a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that
is inconsistent with this Agreement, (c) enter into any contract, option or other arrangement or undertaking with respect
to the direct or indirect acquisition or sale, assignment, transfer (including by operation of law) or other disposition of any
Units (unless the transferee agrees to be bound by this Agreement), or (d) take any action that would have the effect of preventing
or disabling the Company Member from performing its obligations hereunder.

 

3. No
Solicitation of Transactions. Each of the Company Members severally and not jointly, agrees not to directly or indirectly,
through any officer, director, representative, agent or otherwise, (a) initiate, solicit or knowingly encourage (including
by furnishing non-public information) the submission of, or participate in any discussions or negotiations that would reasonably
be excepted to result in an Acquisition Proposal in violation of the BCA or (b) participate in any discussions or negotiations
regarding, or furnish to any person, any non-public information with respect to, or otherwise knowingly encourage, any Acquisition
Proposal (or inquiries, proposals or offers or other efforts that would reasonably be expected to lead to any Acquisition Proposal)
in violation of the BCA. Each Company Member shall, and shall direct or cause its representatives and agents to, immediately cease
and cause to be terminated any discussions or negotiations with any parties that may be ongoing that would reasonably be excepted
to result in an Acquisition Proposal (other than the transactions contemplated by the BCA) to the extent required by the BCA.

 

4. Representations
and Warranties. Each Company Member severally and not jointly, represents and warrants for an on behalf of itself to NAC as
follows:

 

(a) 
The execution, delivery and performance by such Company Member of this Agreement and the consummation by such Company Member of
the transactions contemplated hereby do not and will not (i) conflict with or violate any United States or non-United States statute,
law, ordinance, regulation, rule, code, executive order, injunction, judgment, decree or other order applicable to such Company
Member, (ii) require any consent, approval or authorization of, declaration, filing or registration with, or notice to, any person
or entity, (iii) result in the creation of any Lien on any Units or (iv) conflict with or result in a breach of or constitute
a default under any provision of such Company Member’s Organizational Documents.

 

    2

     

    

 

(b) 
Such Company Member owns of record and has good, valid and marketable title to the Units set forth opposite the Company Member’s
name on Exhibit A free and clear of any Lien (other than pursuant to this Agreement or transfer restrictions under applicable
securities laws or the Organizational Documents of such Company Member) and has the sole power (as currently in effect) to vote
and full right, power and authority to sell, transfer and deliver such Units, and such Company Member does not own, directly or
indirectly, any other Units.

 

(c) 
Such Company Member has the power, authority and capacity to execute, deliver and perform this Agreement and that this Agreement
has been duly authorized, executed and delivered by such Company Member.

 

5. Termination.
This Agreement and the obligations of the Company Members under this Agreement shall automatically terminate upon the earliest
of (a) the First Effective Time; (b) the termination of the BCA in accordance with its terms; and (b) the mutual agreement
of NAC and Company Members holding a majority in interest of the Company Membership Interests held by all Company Members. Upon
termination or expiration of this Agreement, no party shall have any further obligations or liabilities under this Agreement;
provided, however, such termination or expiration shall not relieve any party from liability for any willful breach
of this Agreement occurring prior to termination.

 

6. Miscellaneous.

 

(a) Except
as otherwise provided herein or in any Transaction Document, all costs and expenses incurred in connection with this Agreement
and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses, whether or not the transactions
contemplated hereby are consummated.

 

(b) All
notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed
to have been duly given upon receipt) by delivery in person, by telecopy or e-mail or by registered or certified mail (postage
prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party
as shall be specified in a notice given in accordance with this Section 6(b)):

 

If
to NAC, to it at:

 

Nebula
Acquisition Corp.

Four
Embarcadero Center, Suite 2350

San
Francisco, CA 94111

Telephone:
(415) 780-9975

Attention: Rufina Adams

Email: rufina@truewindcapital.com

 

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with
a copy to:

Greenberg
Traurig, LLP

200 Park Avenue

New York, New York 10166

Facsimile No.: (212) 801-6400

Telephone
No.: (212) 801-9200

Attention: Alan I. Annex, Esq.

Email:
annexa@gtlaw.com

 

If
to a Company Member, to the address set forth for such Company Member on the signature page hereof.

 

with
a copy to:

 

Goodwin
Procter LLP

100
Northern Avenue

Boston,
MA 02210

Attention:
Jocelyn Arel, Jared Spitalnick and Dan Espinoza

E-Mail:
JArel@goodwinlaw.com; JSpitalnick@goodwinlaw.com;

DEspinoza@goodwinlaw.com

 

(c) If
any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party.
Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to
the fullest extent possible.

 

(d) This
Agreement and the Transaction Documents constitute the entire agreement among the parties with respect to the subject matter hereof
and supersedes all prior agreements and undertakings, both written and oral, among the parties, or any of them, with respect to
the subject matter hereof. This Agreement shall not be assigned (whether pursuant to a merger, by operation of law or otherwise).

 

(e) This
Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or
implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by
reason of this Agreement. No Company Member shall be liable for the breach by any other Company Member of this Agreement.

 

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(f) The
parties hereto agree that irreparable damage may occur in the event any provision of this Agreement was not performed in accordance
with the terms hereof and that the parties shall be entitled to seek specific performance of the terms hereof, in addition to
any other remedy at law or in equity.

 

(g) This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed
in and to be performed in that State. All Actions arising out of or relating to this Agreement shall be heard and determined exclusively
in any Delaware Chancery Court. The parties hereto hereby (i) submit to the exclusive jurisdiction of the Delaware Chancery Court
for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, and (ii) irrevocably
waive, and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally
to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action
is brought in an inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated
hereunder may not be enforced in or by any of the above-named courts.

 

(h) This
Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission) in one or more
counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be
an original but all of which taken together shall constitute one and the same agreement.

 

(i) Without
further consideration, each party shall use commercially reasonable efforts to execute and deliver or cause to be executed and
delivered such additional documents and instruments and take all such further action as may be reasonably necessary or desirable
to consummate the transactions contemplated by this Agreement.

 

(j) This
Agreement shall not be effective or binding upon any Company Member until such time as the BCA is executed by each of the parties
thereto.

 

(k) Each
of the parties hereto hereby waives to the fullest extent permitted by applicable law any right it may have to a trial by jury
with respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement. Each of the
parties hereto (i) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise,
that such other party would not, in the event of litigation, seek to enforce that foregoing waiver and (ii) acknowledges that
it and the other parties hereto have been induced to enter into this Agreement and the transactions contemplated hereby, as applicable,
by, among other things, the mutual waivers and certifications in this Paragraph (k).

 

[Signature
pages follow]

 

    5

     

    

 

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

 

	 	NEBULA ACQUISITION CORP.
	 	 	 
	 	By:  	/s/ Adam Clammer
	 	Name: 	Adam Clammer
	 	Title: 	Co-Chief Executive Officer
	 	 	 
	 	COMPANY MEMBERS
	 	 	 
	 	By:  	/s/ Scott Gordon
	 	Name: 	Scott Gordon
	 	 	 
	 	By:  	/s/ Richard F. Watkins
	 	Name: 	Richard F. “Sandy” Watkins
	 	 	 
	 	By:  	/s/ Ryan Collins
	 	Name: 	Ryan Collins
	 	 	 
	 	By:  	/s/ Steve Letbetter
	 	Name: 	Steve Letbetter
	 	 	 
	 	By:  	/s/ Keith Jezek
	 	Name: 	Keith Jezek
	 	 	 
	 	By:  	/s/ Kurt Wilkin
	 	Name: 	Kurt Wilkin
	 	 	 
	 	Open Lending Opportunity Partners
	 	 	 
	 	By:  	/s/ Richard F. Watkins
	 	Name: 	 Richard F. “Sandy” Watkins
	 	Title:	General Partner

 

    

     

    

 

	 	Bee Cave Capital, LLC
	 	 	 
	 	By:  	/s/ Kurt Wilkin
	 	Name: 	Kurt Wilkin
	 	Title:	Member
	 	 	 
	 	BRP HOLD 11, INC.
	 	 	 
	 	By:  	/s/ Michelle Riley
	 	Name: 	 Michelle Riley
	 	Title:	Secretary
	 	 	 
	 	By:  	/s/ Ronald Fishman
	 	Name: 	Ronald Fishman
	 	Title:	Treasurer
	 	 	 
	 	Bregal Investments, Inc.
	 	 	 
	 	By:  	/s/ Michelle Riley
	 	Name: 	Michelle Riley
	 	Title:	Secretary
	 	 	 
	 	By:  	/s/ Ronald Fishman
	 	Name: 	Ronald Fishman
	 	Title:	TreasurerExhibit
10.4

 

FORM
OF SUBSCRIPTION AGREEMENT

 

Nebula
Acquisition Corporation

Four
Embarcadero Center, Suite 2350

San
Francisco, California 94111

 

Ladies
and Gentlemen:

 

In
connection with the proposed business combination (the “Transaction”) pursuant to the terms of that certain
Business Combination Agreement, dated as of the date hereof, as may be amended from time to time, by and among Nebula Acquisition
Corporation, a Delaware corporation (the “Company”), Open Lending, LLC, a Texas limited liability company (“Open
Lending”), BRP Hold 11, Inc., a Delaware corporation, Nebula Parent Corp., a Delaware corporation (“Pubco”),
NBLA Merger Sub LLC, a Texas limited liability company, NBLA Merger Sub Corp., a Delaware corporation, and a Securityholder Representative,
which is expected to result in the mergers of each of the Company and Open Lending into subsidiaries of Pubco, the undersigned
desires to subscribe for and purchase from the Company, and the Company desires to sell to the undersigned, that number of shares
of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), which will convert
into shares of common stock of Pubco (the “Pubco Shares”) upon consummation of the Transaction, set forth on
the signature page hereof for a purchase price of $10.00 per share (the “Purchase Price”), on the terms and
subject to the conditions contained herein. In connection therewith, the undersigned and the Company agree as follows:

 

1.
Subscription. The undersigned hereby irrevocably subscribes for and agrees to purchase from the Company such number of
shares of Common Stock as is set forth on the signature page of this Subscription Agreement on the terms and subject to the conditions
provided for herein (the “Shares”). The undersigned understands and agrees that the Company reserves the right
to accept or reject the undersigned’s subscription for the Shares for any reason or for no reason, in whole or in part,
at any time prior to its acceptance by the Company, and the same shall be deemed to be accepted by the Company only when this
Subscription Agreement is signed by a duly authorized person by or on behalf of the Company; the Company may do so in counterpart
form. In the event of rejection of the entire subscription by the Company or the termination of this subscription in accordance
with the terms hereof, the undersigned’s payment hereunder will be returned promptly (but not later than two (2) business
days thereafter) to the undersigned along with this Subscription Agreement, and this Subscription Agreement shall have no force
or effect.

 

2.
Closing. The closing of the sale of the Shares contemplated hereby (the “Closing”) is contingent upon
the substantially concurrent consummation of the Transaction. The Closing shall occur on the date of, and immediately prior to,
the consummation of the Transaction. Following written notice from (or on behalf of) the Company to the undersigned (the “Closing
Notice”) that the Company reasonably expects (i) all conditions to the closing of the Transaction to be satisfied or
waived and (ii) the Closing to occur on a date that is not less than five (5) business days from the date of the Closing Notice,
the undersigned shall deliver to the Company, at least two (2) business days prior to the anticipated Closing date specified in
the Closing Notice (the “Closing Date”), or such other time agreed to between the Company and the undersigned,
the subscription amount for the Shares by wire transfer of United States dollars in immediately available funds to the account
specified by the Company in the Closing Notice against delivery to the undersigned of the Shares in book entry form as set forth
in the following sentence. The Company shall deliver (or cause the delivery of) (i) the Shares in book entry form to the undersigned
(or its nominee in accordance with its delivery instructions) or to a custodian designated by undersigned, as applicable, as indicated
below and (ii) written evidence from the Company’s transfer agent reflecting the issuance of such Shares on and as of the
Closing Date. This Subscription Agreement shall terminate and be of no further force or effect, without any liability to either
party hereto, if the Company notifies the undersigned in writing that it has abandoned its plans to move forward with the Transaction.
If this Subscription Agreement terminates following the delivery by the undersigned of the purchase price for the Shares, the
Company shall promptly (but not later than two (2) business days thereafter) return the purchase price to the undersigned.

 

     

     

    

 

3.
Closing Conditions. The Closing is also subject to the conditions that, on the Closing Date:

 

a.
all representations and warranties of the Company and the undersigned contained in this Subscription Agreement shall be true and
correct in all material respects (other than representations and warranties that are qualified as to materiality or Material Adverse
Effect (as defined herein), which representations and warranties shall be true in all respects) at and as of the Closing Date,
and consummation of the Closing shall constitute a reaffirmation by each of the Company and the undersigned of each of the representations,
warranties and agreements of each such party contained in this Subscription Agreement as of the Closing Date, but in each case
without giving effect to consummation of the Transaction;

 

b.
the Company shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions
required by this Subscription Agreement to be performed, satisfied or complied with by it at or prior to the Closing;

 

c.
no governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule or regulation
(whether temporary, preliminary or permanent) which is then in effect and has the effect of making consummation of the transactions
contemplated hereby illegal or otherwise restraining or prohibiting consummation of the transactions contemplated hereby, and
no governmental authority shall have instituted or threatened in writing a proceeding seeking to impose any such restraint or
prohibition;

 

d.
as of the Closing Date, there has been no material adverse change in the business, properties, financial condition, stockholders’
equity or results of operations of the Company and its subsidiaries taken as a whole since the date of this Subscription Agreement
(other than (i) the election by holders of the Common Stock to exercise redemption rights in connection with (x) the special meeting
of the Company’s stockholders to approve the Transaction or (y) a special meeting of the Company’s stockholders to
approve the extension of time for the Company to complete a business combination, and (ii) in connection with any offer to purchase
outstanding warrants to purchase Existing Class A Shares (as defined below) of the Company (the “Warrants”)), and
consummation of the Closing shall constitute a representation of the Company of such facts;

 

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e.
Pubco’s initial listing application with the Nasdaq Capital Market in connection with the Transaction shall have been approved
and, immediately following the Closing, Pubco shall satisfy any applicable initial and continuing listing requirements of the
Nasdaq Capital Market and Pubco shall not have received any notice of non-compliance therewith, and the Pubco Shares, shall have
been approved for listing on the Nasdaq Capital Market; and

 

f.
all conditions precedent to the closing of the Transaction, including the approval of the Company’s stockholders, shall
have been satisfied or waived (other than those conditions which, by their nature, are to be satisfied at the closing of the Transaction).

 

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

 

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

 

a.
The Company has been duly incorporated, is validly existing and is in good standing under the laws of the State of Delaware, with
corporate power and authority to own, lease and operate its properties and conduct its business as presently conducted.

 

b.
The Shares have been duly authorized and, when issued and delivered to the undersigned against full payment therefor in accordance
with the terms of this Subscription Agreement, the Shares will be validly issued, fully paid and non-assessable and will not have
been issued in violation of or subject to any preemptive or similar rights created under the Company’s Amended and Restated
Certificate of Incorporation or under the laws of the State of Delaware.

 

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

 

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

 

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e.
There are no securities or instruments issued by or to which the Company is a party containing anti-dilution or similar provisions
that will be triggered by the issuance of (i) the Shares or (ii) the shares to be issued pursuant to any subscription agreements
with the Company substantially similar to this Subscription Agreement (the “Other Subscription Agreements”),
that have not been or will not be validly waived on or prior to the Closing Date.

 

f.
The Company is not in default or violation (and no event has occurred which, with notice or the lapse of time or both, would constitute
a default or violation) of any term, condition or provision of (i) the organizational documents of the Company, (ii) any loan
or credit agreement, note, bond, mortgage, indenture, lease or other agreement, permit, franchise or license to which the Company
is now a party or by which the Company’s properties or assets are bound or (iii) any statute or any judgment, order, rule
or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Company or any of
its properties, except, in the case of clauses (ii) and (iii), for defaults or violations that have not had and would not be reasonably
likely to have, individually or in the aggregate, a Material Adverse Effect.

 

g.
The Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or
registration with, any court or other federal, state, local or other governmental authority, self-regulatory organization or other
person in connection with the execution, delivery and performance by the Company of this Subscription Agreement (including, without
limitation, the issuance of the Shares), other than (i) the filing with the Securities and Exchange Commission (the “Commission”)
of the Registration Statement (as defined below), (ii) filings required by applicable state securities laws, (iii) the filing
of a Notice of Exempt Offering of Securities on Form D with the Commission under Regulation D of the Securities Act, (iv) the
filings required in accordance with Section 7 of this Subscription Agreement; (v) those required by the Nasdaq Stock Market (the
“Nasdaq”), including with respect to obtaining stockholder approval, and (vi) the failure of which to obtain
would not be reasonably likely to have, individually or in the aggregate, a Material Adverse Effect.

 

h.
As of the date hereof, the authorized capital stock of the Company consists of (i) 100,000,000 shares of Class A Common Stock,
par value $0.0001 per share (“Existing Class A Shares”); (ii) 10,000,000 shares of Class B Common Stock, par
value $0.0001 per share (“Existing Class B Shares”); and (iii) 1,000,000 shares of preferred stock, par value
$0.0001 per share (“Preferred Shares”). As of the date hereof: (i) no Preferred Shares are issued and outstanding;
(ii) 27,500,000 Existing Class A Shares are issued and outstanding; (iii) 6,875,000 Existing Class B Shares are issued and outstanding;
and (iv) 14,166,666 Warrants to purchase 14,166,666 Existing Class A Shares are outstanding.

 

    4

     

    

 

i.
The Company has not received any written communication since December 31, 2018, from a governmental entity that alleges that the
Company is not in compliance with or is in default or violation of any applicable law, except where such non-compliance, default
or violation, would not individually or in the aggregate, be reasonably likely to have a Material Adverse Effect.

 

j.
The issued and outstanding Existing Class A Shares are registered pursuant to Section 12(b) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and are listed for trading on Nasdaq under the symbol “NEBU.”
Except as otherwise disclosed by the Company in the SEC Documents (as defined below), there is no suit, action, proceeding or
investigation pending or, to the knowledge of the Company, threatened against the Company by Nasdaq or the Commission with respect
to any intention by such entity to deregister the Existing Class A Shares or prohibit or terminate the listing of the Existing
Class A Shares on Nasdaq. The Company has taken no action that is designed to terminate the registration of the Existing Class
A Shares under the Exchange Act.

 

k.
Assuming the accuracy of the undersigned’s representations and warranties set forth in Section 6 of this Subscription Agreement,
no registration under the Securities Act is required for the offer and sale of the Shares by the Company to the undersigned.

 

l.
Neither the Company nor any person acting on its behalf has engaged or will engage in any form of general solicitation or general
advertising (within the meaning of Regulation D of the Securities Act) in connection with any offer or sale of the Shares.

 

m.
The Company has not entered into any side letter or similar agreement with any investor in connection with such investor’s
direct or indirect investment in the Company other than the Other Subscription Agreements relating to the issuance and sale by
the Company of Class A Common Stock at the Purchase Price.

 

n.
The Company has made available to the undersigned (including via the Commission’s EDGAR system) a true, correct and complete
copy of each form, report, statement, schedule, prospectus, proxy, registration statement and other documents filed by the Company
with the Commission since its initial registration of the Existing Class A Shares (the “SEC Documents”) and
prior to the date of this Subscription Agreement. None of the SEC Documents filed under the Exchange Act contained, when filed
or, if amended prior to the date of this Subscription Agreement, as of the date of such amendment with respect to those disclosures
that are amended, any untrue statement of a material fact or omitted to state a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. The Company
has timely filed each report, statement, schedule, prospectus, and registration statement that the Company was required to file
with the Commission since its inception. As of the date hereof, there are no material outstanding or unresolved comments in comment
letters from the Commission staff with respect to any of the SEC Documents.

 

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o.
Except for such matters as have not had and would not be reasonably likely to have, individually or in the aggregate, a Material
Adverse Effect, as of the date hereof, there is no (i) suit, action, charge, complaint, arbitration, labor dispute or similar
proceeding pending, or, to the knowledge of the Company, threatened against the Company or (ii) judgment, decree, injunction,
ruling or order of any governmental entity or arbitrator outstanding against the Company.

 

p.
Except for commissions and expenses payable to Deutsche Bank Securities and Goldman Sachs & Co. LLC (the “Placement
Agents”) in connection with their engagement as placement agents for the sale of the Shares, the Company has not paid,
and is not obligated to pay, any brokerage, finder’s or other fee or commission in connection with its issuance and sale
of the Shares, including, for the avoidance of doubt, any fee or commission payable to any shareholder or affiliate of the Company.

 

6.
Representations and Warranties of the Undersigned. The undersigned represents and warrants to the Company that:

 

a.
The undersigned is (i) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933,
as amended (the “Securities Act”)) or (ii) an institutional “accredited investor” (within the meaning
of Rule 501(a) under the Securities Act), in each case, satisfying the requirements set forth on Schedule A, and is acquiring
the Shares only for his, her or its own account and not for the account of others, and not on behalf of any other account or person
or 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 on Schedule A following the signature page hereto). The undersigned is not an entity
formed for the specific purpose of acquiring the Shares.

 

b.
The undersigned understands that the Shares are being offered in a transaction not involving any public offering within the meaning
of the Securities Act and that the Shares have not been registered under the Securities Act. The undersigned understands that
the Shares may not be resold, transferred, pledged or otherwise disposed of by the undersigned absent an effective registration
statement under the Securities Act except (i) to the Company 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 of cases (i) and (iii) in accordance
with any applicable securities laws of the states and other jurisdictions of the United States, and that any certificates representing
the Shares shall contain a legend to such effect. The undersigned acknowledges that the Shares will not be eligible for resale
pursuant to Rule 144A promulgated under the Securities Act. The undersigned understands and agrees that the Shares will be subject
to transfer restrictions and, as a result of these transfer restrictions, the undersigned may not be able to readily resell the
Shares and may be required to bear the financial risk of an investment in the Shares for an indefinite period of time. The undersigned
understands that it has been advised to consult legal counsel prior to making any offer, resale, pledge or transfer of any of
the Shares.

 

    6

     

    

 

c.
The undersigned understands and agrees that the undersigned is purchasing Shares directly from the Company. The undersigned further
acknowledges that there have been no representations, warranties, covenants and agreements made to the undersigned by the Company,
or its officers or directors, expressly or by implication, other than those representations, warranties, covenants and agreements
included in this Subscription Agreement.

 

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

 

e.
The undersigned acknowledges and agrees that the undersigned has received such information as the undersigned deems necessary
in order to make an investment decision with respect to the Shares. Without limiting the generality of the foregoing, the undersigned
acknowledges that it has reviewed the documents provided to the undersigned by the Company. The undersigned represents and agrees
that the undersigned and the undersigned’s professional advisor(s), if any, have had the full opportunity to ask such questions,
receive such answers and obtain such information as the undersigned and such undersigned’s professional advisor(s), if any,
have deemed necessary to make an investment decision with respect to the Shares. The undersigned further acknowledges that the
information provided to the undersigned is preliminary and subject to change.

 

f.
The undersigned became aware of this offering of the Shares solely by means of direct contact between the undersigned and the
Company or a representative of the Company, and the Shares were offered to the undersigned solely by direct contact between the
undersigned and the Company or a representative of the Company. The undersigned did not become aware of this offering of the Shares,
nor were the Shares offered to the undersigned, by any other means. The undersigned acknowledges that the Company represents and
warrants that the Shares (i) were not offered by any form of general solicitation or general advertising and (ii) are not being
offered in a manner involving a public offering under, or in a distribution in violation of, the Securities Act, or any state
securities laws.

 

g.
The undersigned acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares.
The undersigned 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 undersigned has sought such accounting, legal and tax advice as the undersigned
has considered necessary to make an informed investment decision.

 

h.
Alone, or together with any professional advisor(s), the undersigned 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 undersigned and that the undersigned
is able at this time and in the foreseeable future to bear the economic risk of a total loss of the undersigned’s investment
in the Company. The undersigned acknowledges specifically that a possibility of total loss exists.

 

    7

     

    

 

i.
In making its decision to purchase the Shares, the undersigned has relied solely upon independent investigation made by the undersigned.
Without limiting the generality of the foregoing, the undersigned has not relied on any statements or other information provided
by the Placement Agents (as defined below) concerning the Company or the Shares or the offer and sale of the Shares.

 

j.
The undersigned understands 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.

 

k.
The undersigned has been duly formed or incorporated and is validly existing in good standing under the laws of its jurisdiction
of incorporation or formation.

 

l.
The execution, delivery and performance by the undersigned of this Subscription Agreement are within the powers of the undersigned,
have been duly authorized and will not constitute or result in a breach or default under or conflict with any order, ruling or
regulation of any court or other tribunal or of any governmental commission or agency, or any agreement or other undertaking,
to which the undersigned is a party or by which the undersigned is bound, and, if the undersigned is not an individual, will not
violate any provisions of the undersigned’s charter documents, including, without limitation, its incorporation or formation
papers, bylaws, indenture of trust or partnership or operating agreement, as may be applicable. The signature on this Subscription
Agreement is genuine, and the signatory, if the undersigned is an individual, has legal competence and capacity to execute the
same or, if the undersigned is not an individual, the signatory has been duly authorized to execute the same, and this Subscription
Agreement constitutes a legal, valid and binding obligation of the undersigned, enforceable against the undersigned in accordance
with its terms.

 

m.
Neither the due diligence investigation conducted by the undersigned in connection with making its decision to acquire the Shares
nor any representations and warranties made by the undersigned herein shall modify, amend or affect the undersigned’s right
to rely on the truth, accuracy and completeness of the Company’s representations and warranties contained herein.

 

n.
The undersigned is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked Persons administered
by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive Order
issued by the President of the United States and administered by OFAC (“OFAC List”), or a person or entity
prohibited by any OFAC sanctions program, (ii) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R.
Part 515, or (iii) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank (collectively, a “Prohibited
Investor”). The undersigned agrees to provide law enforcement agencies, if requested thereby, such records as required
by applicable law, provided that the undersigned is permitted to do so under applicable law. If the undersigned is a financial
institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.) (the “BSA”), as amended by the
USA PATRIOT Act of 2001 (the “PATRIOT Act”), and its implementing regulations (collectively, the “BSA/PATRIOT
Act”), the undersigned maintains policies and procedures reasonably designed to comply with applicable obligations under
the BSA/PATRIOT Act. To the extent required, it maintains policies and procedures reasonably designed for the screening of its
investors against the OFAC sanctions programs, including the OFAC List. To the extent required, it maintains policies and procedures
reasonably designed to ensure that the funds held by the undersigned and used to purchase the Shares were legally derived.

 

    8

     

    

 

o.
No disclosure or offering document has been prepared by the Placement Agents or any of their respective affiliates in connection
with the offer and sale of the Shares.

 

p.
The Placement Agents and their respective directors, officers, employees, representatives and controlling persons have made no
independent investigation with respect to the Company or the Shares or the accuracy, completeness or adequacy of any information
supplied to the undersigned by the Company.

 

q.
In connection with the issue and purchase of the Shares, the Placement Agents have not acted as the undersigned’s financial
advisor or fiduciary.

 

r.
If the undersigned is a resident or subject to the laws of Canada, the undersigned hereby declares, represents, warrants and agrees
as set forth in the attached Schedule B.

 

7.
Registration Rights.

 

a.
In the event that the Pubco Shares issuable upon conversion of the Shares are not registered in connection with the consummation
of the Transaction, Pubco agrees that, within forty-five (45) calendar days after the consummation of the Transaction (the “Filing
Date”), Pubco will file with the Commission (at Pubco’s sole cost and expense) a registration statement (the “Registration
Statement”) registering such resale, and Pubco shall use its commercially reasonable efforts to have the Registration
Statement declared effective as soon as practicable after the filing thereof, but no later than the earlier of (i) the 90th calendar
day (or 120th calendar day if the Commission notifies Pubco that it will “review” the Registration Statement) following
the Closing and (ii) the 10th business day after the date Pubco is notified (orally or in writing, whichever is earlier) by the
Commission that the Registration Statement will not be “reviewed” or will not be subject to further review (such earlier
date, the “Effectiveness Date”); provided, however, that if the Commission is closed for operations
due to a government shutdown, the Effectiveness Date shall be extended by the same amount of days that the Commission remains
closed for operations, provided, further, that Pubco’s obligations to include the Pubco Shares in the Registration
Statement are contingent upon the undersigned furnishing in writing to Pubco such information regarding the undersigned, the securities
of Pubco held by the undersigned and the intended method of disposition of the Pubco Shares as shall be reasonably requested by
Pubco to effect the registration of the Pubco Shares, and shall execute such documents in connection with such registration as
Pubco may reasonably request that are customary of a selling stockholder in similar situations. For purposes of clarification,
any failure by Pubco to file the Registration Statement by the Filing Date or to effect such Registration Statement by the Effectiveness
Date shall not otherwise relieve Pubco of its obligations to file or effect the Registration Statement as set forth above in this
Section 7.

 

    9

     

    

 

b.
Pubco further agrees that, in the event that (i) the Registration Statement has not been declared effective by the Commission
by the Effectiveness Date, (ii) after such Registration Statement is declared effective by the Commission, (A) such Registration
Statement ceases for any reason (including by reason of a stop order, or Pubco’s failure to update the Registration Statement),
to remain continuously effective as to all Shares for which it is required to be effective or (B) the undersigned is not permitted
to utilize the Registration Statement to resell the Shares (in each case of (A) and (B), (x) other than within the time period(s)
permitted by this Subscription Agreement and (y) excluding by reason of a post-effective amendment required in connection with
Pubco’s filing of an amendment thereto (a “Special Grace Period”) (which Special Grace Period shall not
be treated as a Registration Default (as defined below)), or (iii) after the date one year following the Closing Date, and only
in the event the Registration Statement is not effective or available to sell all Shares, Pubco fails to file with the Commission
any required reports under Section 13 or 15(d) of the Exchange Act such that it is not in compliance with Rule 144(c)(1) (or Rule
144(i)(2), if applicable), as a result of which investors who are not affiliates of Pubco are unable to sell the Shares without
restriction under Rule 144 (or any successor thereto) (each such event referred to in clauses (i) through (iii), a “Registration
Default” and, for purposes of such clauses, the date on which such Registration Default occurs, a “Default
Date”), then in addition to any other rights the undersigned may have hereunder or under applicable law, on each such
Default Date and on each monthly anniversary of each such Default Date (if the applicable Registration Default shall not have
been cured by such date) until the applicable Registration Default is cured, Pubco shall pay to the undersigned an amount in cash,
as partial liquidated damages and not as a penalty (“Liquidated Damages”), equal to 0.5% of the aggregate Purchase
Price paid by the undersigned pursuant to this Subscription Agreement for any Pubco Shares held by the undersigned on the Default
Date; provided, however, that if the undersigned fails to provide Pubco with any information requested by Pubco that is
required to be provided in such Registration Statement with respect to the undersigned as set forth herein, then, for purposes
of this Section 7, the Filing Date or Effectiveness Date, as applicable, for a Registration Statement with respect to the undersigned
shall be extended until two (2) business days following the date of receipt by Pubco of such required information from the undersigned;
and in no event shall Pubco be required hereunder to pay to the undersigned pursuant to this Subscription Agreement an aggregate
amount that exceeds 5.0% of the aggregate Purchase Price paid by the undersigned for its Shares. The Liquidated Damages pursuant
to the terms hereof shall apply on a daily pro-rata basis for any portion of a month prior to the cure of a Registration Default,
except in the case of the first Default Date. Pubco shall deliver the cash payment to the undersigned with respect to any Liquidated
Damages by the fifth business day after the date payable. If Pubco fails to pay said cash payment to the undersigned in full by
the fifth business day after the date payable, Pubco will pay interest thereon at a rate of 5.0% per annum (or such lesser maximum
amount that is permitted to be paid by applicable law, and calculated on the basis of a year consisting of 360 days) to the undersigned,
accruing daily from the date such Liquidated Damages are due until such amounts, plus all such interest thereon, are paid in full.
Notwithstanding the foregoing, nothing shall preclude the undersigned from pursuing or obtaining any available remedies at law,
specific performance or other equitable relief with respect to this Section 7 in accordance with applicable law. The parties agree
that notwithstanding anything to the contrary herein, no Liquidated Damages shall be payable to the undersigned with respect to
any period during which all of the undersigned’s Pubco Shares may be sold by the undersigned without volume or manner of
sale restrictions under Rule 144 and Pubco is in compliance with the current public information requirements under Rule 144(c)(1)
(or Rule 144(i)(2), if applicable).

 

    10

     

    

 

c.
In the case of the registration, qualification, exemption or compliance effected by Pubco pursuant to this Subscription Agreement,
Pubco shall, upon reasonable request, inform the undersigned as to the status of such registration, qualification, exemption and
compliance. At its expense Pubco shall:

 

	 	i.	except
    for such times as Pubco 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 Pubco determines to obtain, continuously effective with respect to the undersigned, 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: (i) the undersigned ceases to hold any Shares or (ii) the date all Shares held by the
    undersigned 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 Pubco to be in compliance with the current
    public information required under Rule 144(c)(1) (or Rule 144(i)(2), if applicable), and (iii) three years from the Effective
    Date of the Registration Statement. The period of time during which Pubco is required hereunder to keep a Registration Statement
    effective is referred to herein as the “Registration Period”;

 

		ii.	advise
                                         the undersigned within five (5) business days: (1) when a Registration Statement or any
                                         amendment thereto has been filed with the Commission and when such Registration Statement
                                         or any post-effective amendment thereto has become effective; (2) of any request by the
                                         Commission for amendments or supplements to any Registration Statement or the prospectus
                                         included therein or for additional information; (3) of the issuance by the Commission
                                         of any stop order suspending the effectiveness of any Registration Statement or the initiation
                                         of any proceedings for such purpose; (4) of the receipt by Pubco of any notification
                                         with respect to the suspension of the qualification of the Shares included therein for
                                         sale in any jurisdiction or the initiation or threatening of any proceeding for such
                                         purpose; and (5) 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.

 

    11

     

    

 

Notwithstanding
anything to the contrary set forth herein, Pubco shall not, when so advising the undersigned of such events, provide the undersigned
with any material, nonpublic information regarding Pubco other than to the extent that providing notice to the undersigned of
the occurrence of the events listed in (1) through (5) above constitutes material, nonpublic information regarding Pubco;

 

		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 above, except for such times as Pubco is permitted
                                         hereunder to suspend, and has suspended, the use of a prospectus forming part of a Registration
                                         Statement, Pubco 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 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 Shares to be listed on each securities
                                         exchange or market, if any, on which the Existing Parent Class A Shares issued by Pubco
                                         have been listed; and

 

		vi.	use
                                         its commercially reasonable efforts to take all other steps necessary to effect the registration
                                         of the Shares contemplated hereby and to enable the undersigned to sell the Shares under
                                         Rule 144.

 

d.
Notwithstanding anything to the contrary in this Subscription Agreement, Pubco shall be entitled to delay or postpone the effectiveness
of the Registration Statement, and from time to time to require the undersigned not to sell under the Registration Statement or
to suspend the effectiveness thereof, if the negotiation or consummation of a transaction by Pubco or its subsidiaries is pending
or an event has occurred, which negotiation, consummation or event Pubco’s board of directors reasonably believes, upon
the advice of legal counsel, would require additional disclosure by Pubco in the Registration Statement of material information
that Pubco 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 Pubco’s board of directors, upon the advice of legal counsel, to cause
the Registration Statement to fail to comply with applicable disclosure requirements (each such circumstance, a “Suspension
Event”); provided, however, that Pubco may not delay or suspend the Registration Statement on more than two occasions
or for more than sixty (60) consecutive calendar days, or more than ninety (90) total calendar days, in each case during any twelve-month
period. Upon receipt of any written notice from Pubco 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, the undersigned
agrees that (i) it will immediately discontinue offers and sales of the Shares under the Registration Statement (excluding, for
the avoidance of doubt, sales conducted pursuant to Rule 144) until the undersigned receives copies of a supplemental or amended
prospectus (which Pubco 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 Pubco 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 Pubco
unless otherwise required by law or subpoena. If so directed by Pubco, the undersigned will deliver to Pubco or, in the undersigned’s
sole discretion destroy, all copies of the prospectus covering the Shares in the undersigned’s possession; provided, however,
that this obligation to deliver or destroy all copies of the prospectus covering the Shares shall not apply (i) to the extent
the undersigned is required to retain a copy of such prospectus (a) in order to comply with applicable legal, regulatory, self-regulatory
or professional requirements or (b) in accordance with a bona fide pre-existing document retention policy or (ii) to copies stored
electronically on archival servers as a result of automatic data back-up.

 

    12

     

    

 

e.
The undersigned may deliver written notice (including via email in accordance with this Subscription Agreement) (an “Opt-Out
Notice”) to Pubco requesting that the undersigned not receive notices from Pubco otherwise required by this Section
7; provided, however, that the undersigned may later revoke any such Opt-Out Notice in writing. Following receipt of an
Opt-Out Notice from the undersigned (unless subsequently revoked), (i) Pubco shall not deliver any such notices to the undersigned
and the undersigned shall no longer be entitled to the rights associated with any such notice and (ii) each time prior to the
undersigned’s intended use of an effective Registration Statement, the undersigned will notify Pubco 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, Pubco will
so notify the undersigned, within one (1) business day of the undersigned’s notification to Pubco, by delivering to the
undersigned a copy of such previous notice of Suspension Event, and thereafter will provide the undersigned with the related notice
of the conclusion of such Suspension Event immediately upon its availability.

 

f.
Indemnification.

 

		i.	Pubco
                                         agrees to indemnify, to the extent permitted by law the undersigned, its directors and
                                         officers and agents and each person who controls the undersigned, if any, (within the
                                         meaning of the Securities Act) against all losses, claims, damages, liabilities, and
                                         expenses (including attorneys’ fees) caused by any untrue or alleged untrue statement
                                         of material fact contained in any Registration Statement or prospectus included in any
                                         Registration Statement or any amendment thereof or supplement thereto or any omission
                                         or alleged omission of a material fact required to be stated therein or necessary to
                                         make the statements therein not misleading, except insofar as the same are caused by
                                         or contained in any information furnished in writing to Pubco by the undersigned expressly
                                         for use therein.

 

		ii.	In
                                         connection with any Registration Statement in which the undersigned is participating,
                                         the undersigned shall furnish to Pubco in writing such information and affidavits as
                                         Pubco reasonably requests for use in connection with any such Registration Statement
                                         or prospectus and, to the extent permitted by law, shall indemnify Pubco, its directors
                                         and officers and agents and each person who controls Pubco (within the meaning of the
                                         Securities Act) against any losses, claims, damages, liabilities, and expenses (including
                                         without limitation reasonable attorneys’ fees) resulting from any untrue statement
                                         of material fact contained in the Registration Statement, prospectus, or any amendment
                                         thereof or supplement thereto or any omission of a material fact required to be stated
                                         therein or necessary to make the statements therein not misleading, but only to the extent
                                         that such untrue statement or omission is contained in any information or affidavit so
                                         furnished in writing by the undersigned expressly for use therein; provided, however,
                                         that the liability of the undersigned shall be several and not joint and shall be in
                                         proportion to and limited to the net proceeds received from the sale of Shares pursuant
                                         to such Registration Statement.

 

		iii.	Any
                                         person entitled to indemnification herein shall (1) give prompt written notice to the
                                         indemnifying party of any claim with respect to which it seeks indemnification (provided
                                         that the failure to give prompt notice shall not impair any person’s right to indemnification
                                         hereunder to the extent such failure has not prejudiced the indemnifying party) and (2)
                                         permit such indemnifying party to assume the defense of such claim with counsel reasonably
                                         satisfactory to the indemnified party. If such defense is assumed, the indemnifying party
                                         shall not be subject to any liability for any settlement made by the indemnified party
                                         without its consent (but such consent shall not be unreasonably withheld). An indemnifying
                                         party who elects not to assume the defense of a claim shall not be obligated to pay the
                                         fees and expenses of more than one (1) 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 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 of such indemnified party and shall survive
                                         the transfer of securities. Each party participating in an offering also agrees to make
                                         such provisions as are reasonably requested by any indemnified party for contribution
                                         to such party in the event such party’s indemnification is unavailable for any
                                         reason.

		 	 

		v.	If
                                         the indemnification provided under this Section 7(f) from the indemnifying party is unavailable
                                         to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities
                                         and expenses referred to herein, then the indemnifying party, in lieu of indemnifying
                                         the indemnified party, shall contribute to the amount paid or payable by the indemnified
                                         party as a result of such losses, claims, damages, liabilities and expenses in such proportion
                                         as is appropriate to reflect the relative fault of the indemnifying party and the indemnified
                                         party, as well as any other relevant equitable considerations. The relative fault of
                                         the indemnifying party and indemnified party shall be determined by reference to, among
                                         other things, whether any action in question, including any untrue or alleged untrue
                                         statement of a material fact or omission or alleged omission to state a material fact,
                                         was made by, or relates to information supplied by, 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 Sections
                                         7(e)(i), (ii) and (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 indemnification pursuant to this Section 7(f) from any person
                                         who was not guilty of such fraudulent misrepresentation.

 

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8.
Termination. This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights
and obligations of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof,
upon the earlier to occur of (a) following the execution of a definitive agreement among the Company, Pubco and Open Lending
with respect to the Transaction (a “Transaction Agreement”), such date and time as such Transaction Agreement
is terminated in accordance with its terms without the Transaction being consummated, (b) upon the mutual written agreement
of each of the parties hereto to terminate this Subscription Agreement; (c) if any of the conditions to Closing set forth
in Section 3 of this Subscription Agreement are not satisfied or waived on or prior to the Closing and, as a result thereof,
the transactions contemplated by this Subscription Agreement are not consummated at the Closing; or (d) December 31, 2020; 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 such
breach. The Company shall promptly notify the undersigned of the termination of the Transaction Agreement after the termination
of such agreement.

 

9.
Trust Account Waiver. The undersigned acknowledges that the Company is a blank check company with the powers and privileges
to effect a merger, asset acquisition, reorganization or similar business combination involving the Company and one or more businesses
or assets. The undersigned further acknowledges that, as described in the Company’s prospectus relating to its initial public
offering dated January 9, 2018 (the “Prospectus”) available at www.sec.gov, substantially all of the Company’s
assets consist of the cash proceeds of the Company’s initial public offering and private placements of its securities, and
substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit
of the Company, its public shareholders and the underwriters of the Company’s initial public offering. For and in consideration
of the Company entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the undersigned
hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in
or to any monies held in the Trust Account, and agrees not to seek recourse against the Trust Account as a result of, or arising
out of, this Subscription Agreement.

 

10.
Miscellaneous.

 

a.
Neither this Subscription Agreement nor any rights that may accrue to the undersigned hereunder (other than the Shares acquired
hereunder, if any) may be transferred or assigned.

 

b.
The Company may request from the undersigned such additional information as the Company may deem necessary to evaluate the eligibility
of the undersigned to acquire the Shares, and the undersigned 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.

 

c.
The undersigned acknowledges that the Company, Open Lending, the Placement Agents and others will rely on the acknowledgments,
understandings, agreements, representations and warranties contained in this Subscription Agreement. Prior to the Closing, the
undersigned agrees to promptly notify the Company if any of the acknowledgments, understandings, agreements, representations and
warranties set forth herein are no longer accurate. The undersigned agrees that each purchase by the undersigned of Shares from
the Company will constitute a reaffirmation of the acknowledgments, understandings, agreements, representations and warranties
herein (as modified by any such notice) by the undersigned as of the time of such purchase. The undersigned further acknowledges
and agrees that the Placement Agents are third-party beneficiaries of the representations and warranties of the undersigned contained
in Section 6 of this Subscription Agreement.

 

    15

     

    

 

d.
The Company is entitled to rely upon this Subscription Agreement and is irrevocably authorized to produce this Subscription Agreement
or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters
covered hereby.

 

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

 

f.
This Subscription Agreement may not be modified, waived or terminated except by an instrument in writing, signed by the party
against whom enforcement of such modification, waiver, or termination is sought. For the avoidance of doubt, this Subscription
Agreement may not be modified, waived or terminated without the express written consent of Open Lending.

 

g.
This Subscription Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations
and warranties, both written and oral, among the parties, with respect to the subject matter hereof. Except as otherwise expressly
set forth in subsection (c) of this Section 10, this Subscription Agreement shall not confer any rights or remedies upon any person
other than the parties hereto, and their respective successor and assigns.

 

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

 

i.
If any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability
of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby and shall continue in full
force and effect.

 

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

 

    16

     

    

 

k.
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. It is accordingly agreed that the parties
shall be entitled to an injunction or injunctions to prevent breaches of this Subscription Agreement and to enforce specifically
the terms and provisions of this Subscription Agreement, this being in addition to any other remedy to which such party is entitled
at law, in equity, in contract, in tort or otherwise.

 

l.
THIS SUBSCRIPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS THAT WOULD OTHERWISE REQUIRE THE APPLICATION OF THE LAW OF ANY OTHER STATE. EACH
PARTY HERETO HEREBY WAIVES ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION PURSUANT TO THIS SUBSCRIPTION AGREEMENT
AND THE TRANSACTIONS CONTEMPLATED HEREBY. 

 

m.
The Company shall, by 9:00 a.m., New York City time, on the first (1st) business day immediately following the date of this Subscription
Agreement, issue one or more press releases or file with the Commission a Current Report on Form 8-K (collectively, the “Disclosure
Document”) disclosing all material terms of the transactions contemplated hereby, the Transaction and any other material,
nonpublic information that the Company has provided to the undersigned at any time prior to the filing of the Disclosure Document.
From and after the issuance of the Disclosure Document. Notwithstanding anything in this Subscription Agreement to the contrary,
the Company shall not publicly disclose the name of the undersigned or any of its affiliates, or include the name of the undersigned
or any of its affiliates in any press release or in any filing with the Commission or any regulatory agency or trading market,
without the prior written consent of the undersigned, except (i) as required by the federal securities law in connection with
the Registration Statement, (ii) in the filing of this Subscription Agreement with the Commission and in the related Current Report
on Form 8-K in a manner acceptable to the undersigned, (iii) in a press release or marketing materials of the Company in connection
with the Transaction in a manner reasonably acceptable to the undersigned and (iv) to the extent such disclosure is required by
law, at the request of the Staff of the Commission or regulatory agency or under the regulations of Nasdaq, in which case the
Company shall provide the undersigned with prior written notice of such disclosure permitted under this subclause (iv).

 

[SIGNATURE
PAGES FOLLOW]

 

    17

     

    

 

IN
WITNESS WHEREOF, the undersigned 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:
    	January
    ___, 2020

    

    
	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 the Company in the Closing Notice. To the extent the offering is oversubscribed, the number of Shares received may be less
than the number of Shares subscribed for.

 

    18

     

    

 

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

 

	 	NEBULA
    ACQUISITION CORPORATION
	 	 	 
	 	By:
    	              
	 	Name:
    	 
	 	Title:
    	 

 

Date:
January __, 2020

 

	 	NEBULA
    PARENT CORP.
	 	 	 
	 	By:
    	     
	 	Name:
    	 
	 	Title:
    	 
	 	 	 
	 	 	 
	 	OPEN
    LENDING, LLC
	 	 	 
	 	By:
    	 
	 	Name:
    	 
	 	Title:
    	 

 

    19

     

    

 

SCHEDULE
A

ELIGIBILITY REPRESENTATIONS OF THE INVESTOR

 

	A.	QUALIFIED
    INSTITUTIONAL BUYER STATUS

(Please
check the applicable subparagraphs):

 

	 	1.	☐	We
    are a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act).

 

	B.	INSTITUTIONAL
    ACCREDITED INVESTOR STATUS

(Please
check the applicable subparagraphs):

 

	 	1.	☐	We
    are an “accredited investor” (within the meaning of Rule 501(a) under the Securities Act. for one or more of the
    following reasons (Please check the applicable subparagraphs):

 

	 	☐	We are a bank, as defined in Section 3(a)(2) of the
Securities Act or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Securities Act,
whether acting in an individual or a fiduciary capacity.
	 	 	 
	 	☐	We are a broker or dealer registered under Section 15
of the Securities Exchange Act of 1934, as amended.
	 	 	 
	 	☐	We are an insurance company, as defined in Section 2(13)
of the Securities Act.
	 	 	 
	 	☐	We are an investment company registered under the Investment
Company Act of 1940 or a business development company, as defined in Section 2(a)(48) of that act.
	 	 	 
	 	☐	We are a Small Business Investment Company licensed
by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958.
	 	 	 
	 	☐	We are a plan established and maintained by a state,
its political subdivisions or any agency or instrumentality of a state or its political subdivisions for the benefit of its employees,
if the plan has total assets in excess of $5 million.
	 	 	 
	 	☐	We are an employee benefit plan within the meaning of
Title I of the Employee Retirement Income Security Act of 1974, if the investment decision is being made by a plan fiduciary,
as defined in Section 3(21) of such act, and the plan fiduciary is either a bank, an insurance company, or a registered investment
adviser, or if the employee benefit plan has total assets in excess of $5 million.
	 	 	 
	 	☐	We are a private business development company, as defined
in Section 202(a)(22) of the Investment Advisers Act of 1940.
	 	 	 
	 	☐	We are a corporation, Massachusetts or similar business
trust, or partnership, or an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, that
was not formed for the specific purpose of acquiring the Securities, and that has total assets in excess of $5 million.

 

    Schedule A

     

    

 

	 	☐	We are a trust with total assets in excess of $5 million
not formed for the specific purpose of acquiring the Securities, whose purchase is directed by a sophisticated person as described
in Rule 506(b)(2)(ii) under the Securities Act.
	 	 	 
	 	☐	We are an entity in which all of the equity owners are
accredited investors.

 

	C.	AFFILIATE STATUS

 

(Please
check the applicable box)

 

THE
INVESTOR:

 

	 	☐	is:
	 	 	 
	 	☐	is not:

 

an
“affiliate” (as defined in Rule 144 under the Securities Act) of the Company or acting on behalf of an affiliate of
the Company.

 

This
page should be completed by the Investor and constitutes a part of the Subscription Agreement

 

    Schedule A

     

    

 

SCHEDULE
B

ELIGIBILITY
REPRESENTATIONS OF THE INVESTOR (Canadian Investors Only)

 

		1.	We
hereby declare, represent and warrant that:

 

		(a)	we
are purchasing the Shares as principal for our own account, or are deemed to be purchasing the Shares as principal for our own
account in accordance with applicable Canadian securities laws, and not as agent for the benefit of another investor;

 

		(b)	we
are residents in or subject to the laws of one of the provinces or territories of Canada;

 

		(c)	we
are entitled under applicable securities laws to purchase the Shares without the benefit of a prospectus qualified under such
securities laws and, without limiting the generality of the foregoing, are both:

 

		a.	an
“accredited investor” as defined in section 1.1 of National Instrument 45-106 Prospectus Exemptions (“NI
45-106”) or section 73.3(2) of the Securities Act (Ontario) by virtue of satisfying the indicated criterion in Section
11 below, and we are not a person created or used solely to purchase or hold securities as an “accredited investor”
as described in paragraph (m) of the definition of "accredited investor" in section 1.1 of NI 45-106; and

 

		b.	a
“permitted client” as defined in section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions
and Ongoing Registrant Obligations (“NI 31-103”) by virtue of satisfying the indicated criterion in Section 12
below

 

		(d)	we
have received, reviewed and understood, this Subscription Agreement and certain disclosure materials relating to the placing of
Shares in Canada and, are basing our investment decision solely on this Subscription and the materials provided by the Company
and not on any other information concerning the Company or the offering of the Shares;

 

		(e)	the
acquisition of Shares does not and will not contravene any applicable Canadian securities laws, rules or policies of the jurisdiction
in which we are resident and does not trigger (i) any obligation to prepare and file a prospectus or similar document or (ii)
any registration or other similar obligation on the part of any person;

 

		(f)	we
will execute and deliver within the applicable time periods all documentation as may be required by applicable Canadian securities
laws to permit the purchase of the Shares on the terms set forth herein and, if required by applicable Canadian securities laws,
will execute, deliver and file or assist the Company in obtaining and filing such reports, undertakings and other documents relating
to the purchase of the Shares as may be required by any applicable Canadian securities laws, securities regulator, stock exchange
or other regulatory authority; and

 

		(g)	neither
we nor any party on whose behalf we are acting has been established, formed or incorporated solely to acquire or permit the purchase
of Shares without a prospectus in reliance on an exemption from the prospectus requirements of applicable Canadian securities
laws.

 

    Schedule B

     

    

 

		2.	We
are aware of the characteristics of the Shares, the risks relating to an investment therein and agree that we must bear the economic
risk of its investment in the Shares. We understand that we will not be able to resell the Shares under applicable Canadian securities
laws except in accordance with limited exemptions and compliance with other requirements of applicable law, and we (and not the
Company) are responsible for compliance with applicable resale restrictions or hold periods and will comply with all relevant
Canadian securities laws in connection with any resale of the Shares.

 

		3.	We
hereby undertake to notify the Company immediately of any change to any declaration, representation, warranty or other information
relating to us set forth herein which takes place prior to the closing of the purchase of the Shares applied for hereby.

 

		4.	We
understand and acknowledge that (i) the Company is not a reporting issuer in any province or territory in Canada and its securities
are not listed on any stock exchange in Canada and there is currently no public market for the Shares in Canada; and (ii) the
Company currently has no intention of becoming a reporting issuer in Canada and the Company is not obligated to file and has no
present intention of filing a prospectus with any securities regulatory authority in Canada to qualify the resale of the Shares
to the public, or listing the Company’s securities on any stock exchange in Canada and thus the applicable restricted period
or hold period may not commence and the Shares may be subject to an unlimited hold period or restricted period in Canada and in
that case may only be sold pursuant to limited exemptions under applicable securities legislation.

		 	 

		5.	We
confirm we have reviewed applicable resale restrictions under relevant Canadian legislation and regulations.

		 	 

		6.	It
is acknowledged that we should consult our own legal and tax advisors with respect to the tax consequences of an investment in
the Shares in our particular circumstances and with respect to the eligibility of the Shares for investment by us and resale restrictions
under relevant Canadian legislation and regulations, and that we have not relied on the Company or on the contents of the disclosure
materials provided by the Company, for any legal, tax or financial advice.

		 	 

		7.	If
we are a resident of Quebec, we acknowledge that it is our express wish that all documents evidencing or relating in any way to
the sale of the Shares be drawn in the English language only. Si nous sommes résidents de la province de Québec,
nous reconnaissons par les présentes que c’est notre volonté expresse que tous les documents faisant foi ou
se rapportant de quelque manière à la vente des engagements soient rédigés en anglais seulement.

		 	 

		8.	We
understand and acknowledge that we are making the representations, warranties and agreements contained herein with the intent
that they may be relied upon by the Company and the agents in determining our eligibility to purchase the Shares, including the
availability of exemptions from the prospectus requirements of applicable Canadian securities laws in connection with the issuance
of the Shares.

  

	 	9.	We
consent to the collection, use and disclosure of certain personal information for the purposes of meeting legal, regulatory, self-regulatory,
security and audit requirements (including any applicable tax, securities, money laundering or anti-terrorism legislation, rules
or regulations) and as otherwise permitted or required by law, which disclosures may include disclosures to tax, securities or
other regulatory or self-regulatory authorities in Canada and/or in foreign jurisdictions, if applicable, in connection with the
regulatory oversight mandate of such authorities.

 

    Schedule B

     

    

 

		10.	If
we are an individual resident in Canada, we acknowledge that: (A) the Company or the agents may be required to provide personal
information pertaining to us as required to be disclosed in Schedule I of Form 45-106F1 Report of Exempt Distribution (“Form
45-106F1”) under NI 45-106 (including its name, email address, address, telephone number and the aggregate purchase price
paid by the purchaser) (“personal information”) to the securities regulatory authority or regulator in the local jurisdiction
(the “Regulator”); (B) the personal information is being collected indirectly by the Regulator under the authority
granted to it in securities legislation; and (C) the personal information is being collected for the purposes of the administration
and enforcement of the securities legislation; and by purchasing the securities, we shall be deemed to have authorized such indirect
collection of personal information by the Regulator. Questions about the indirect collection of information should be directed
to the Regulator in the local jurisdiction, using the contact information set out below:

 

		(a)	in
Alberta, the Alberta Securities Commission, Suite 600, 250 - 5th Street SW, Calgary, Alberta T2P 0R4, Telephone: (403) 297-6454,
toll free in Canada: 1-877-355-0585;

		 	 

		(b)	in
British Columbia, the British Columbia Securities Commission, P.O. Box 10142, Pacific Centre, 701 West Georgia Street, Vancouver,
British Columbia V7Y 1L2, Inquiries: (604) 899-6581, toll free in Canada: 1-800-373-6393, Email: inquiries@bcsc.bc.ca;

		 	 

		(c)	in
Manitoba, The Manitoba Securities Commission, 500 - 400 St. Mary Avenue, Winnipeg, Manitoba R3C 4K5, Telephone: (204) 945-2548,
toll free in Manitoba 1-800-655-5244;

		 	 

		(d)	in
New Brunswick, Financial and Consumer Services Commission (New Brunswick), 85 Charlotte Street, Suite 300, Saint John, New Brunswick
E2L 2J2, Telephone: (506) 658-3060, toll free in Canada: 1-866-933-2222, Email: info@fcnb.ca;

		 	 

		(e)	in
Newfoundland and Labrador, Government of Newfoundland and Labrador, Financial Services Regulation Division, P.O. Box 8700, Confederation
Building, 2nd Floor, West Block, Prince Philip Drive, St. John’s, Newfoundland and Labrador, A1B 4J6, Attention: Director
of Securities, Telephone: (709) 729-4189,

		 	 

		(f)	in
the Northwest Territories, the Government of the Northwest Territories, Office of the Superintendent of Securities, P.O. Box 1320,
Yellowknife, Northwest Territories X1A 2L9, Attention: Deputy Superintendent, Legal & Enforcement, Telephone: (867) 920-8984;

		 	 

		(g)	in
Nova Scotia, the Nova Scotia Securities Commission, Suite 400, 5251 Duke Street, Duke Tower, P.O. Box 458, Halifax, Nova Scotia
B3J 2P8, Telephone: (902) 424-7768;

		 	 

		(h)	in
Nunavut, Government of Nunavut, Department of Justice, Legal Registries Division, P.O. Box 1000, Station 570, 1st Floor, Brown
Building, Iqaluit, Nunavut X0A 0H0, Telephone: (867) 975-6590;

		 	 

		(i)	in
Ontario, the Inquiries Officer at the Ontario Securities Commission, 20 Queen Street West, 22nd Floor, Toronto, Ontario M5H 3S8,
Telephone: (416) 593-8314, toll free in Canada: 1-877-785-1555, Email: exemptmarketfilings@osc.gov.on.ca;

		 	 

		(j)	in
Prince Edward Island, the Prince Edward Island Securities Office, 95 Rochford Street, 4th Floor Shaw Building, P.O. Box 2000,
Charlottetown, Prince Edward Island C1A 7N8, Telephone: (902) 368-4569;

		 	 

		(k)	in
Québec, the Autorité des marchés financiers, 800, Square Victoria, 22e étage, C.P. 246, Tour de la
Bourse, Montréal, Québec H4Z 1G3, Telephone: (514) 395-0337 or 1-877-525-0337, Email: financementdessocietes@lautorite.qc.ca
(For corporate finance issuers), fonds_dinvestissement@lautorite.qc.ca (For investment fund issuers);

 

    Schedule B

     

    

 

		(l)	in
Saskatchewan, the Financial and Consumer Affairs Authority of Saskatchewan, Suite 601 - 1919 Saskatchewan Drive, Regina, Saskatchewan
S4P 4H2, Telephone: (306) 787-5879; and

		 	 

		(m)	in
Yukon, Government of Yukon, Department of Community Services, Law Centre, 3rd Floor, 2130 Second Avenue, Whitehorse, Yukon Y1A
5H6, Telephone: (867) 667-5314.

 

		11.	We
hereby represent, warrant, covenant and certify that we are, or any party on whose behalf we are acting is, an “accredited
investor” as defined in NI 45-106 or section 73.3(1) of the Securities Act (Ontario) by virtue of satisfying the
indicated criterion below:

 

Please
check the category that applies:

 

	☐	 	 	a
    Canadian financial institution or a Schedule III bank of the Bank Act (Canada),
	☐	 	 	the
    Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada),
	☐	 	 	a
    subsidiary of any person or company referred to in paragraphs (a) or (b) if the person or company owns all of the voting securities
    of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary,
	☐	 	 	a
    person or company registered under the securities legislation of a province or territory of Canada as an adviser or dealer,
    except as otherwise prescribed by the regulations,
	 	 	 	[omitted]
	 	 	(e.1)	[omitted]
	☐	 	 	the
    Government of Canada, the government of a province or territory of Canada, or any Crown corporation, agency or wholly owned
    entity of the Government of Canada or of the government of a province or territory of Canada,
	☐	 	 	a
    municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion
    de la taxe scolaire de l’île de Montréal or an intermunicipal management board in Québec,
	☐	 	 	any
    national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency
    of that government,
	☐	 	(i)	a
    pension fund that is regulated by either the Office of the Superintendent of Financial Institutions (Canada) or a pension
    commission or similar regulatory authority of a province or territory of Canada,
	 	 	 	[omitted]
	☐	 	(j.1)	an
    individual who beneficially owns financial assets having an aggregate realizable value that before taxes, but net of any related
    liabilities, exceeds CAD$5,000,000,
	 	 	 	[omitted]
	 	 	 	[omitted]
	☐	 	 	a
    person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently
    prepared financial statements,

 

    Schedule B

     

    

 

	☐	 	 	an
    investment fund that distributes or has distributed its securities only to
	 	 	 	a
    person that is or was an accredited investor at the time of the distribution,
	 	 	 	a
    person that acquires or acquired securities in the circumstances referred to in sections 2.10 of NI 45-106 [Minimum
    amount investment], or 2.19 of NI 45-106 [Additional investment in investment funds], or
	 	 	 	a
    person described in paragraph (i) or (ii) that acquires or acquired securities under section 2.18 of NI 45-106 [Investment
    fund reinvestment],
	☐	 	 	an
    investment fund that distributes or has distributed securities under a prospectus in a jurisdiction of Canada for which the
    regulator or, in Québec, the securities regulatory authority, has issued a receipt,
	☐	 	 	a
    trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act
    (Canada) or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a
    fully managed account managed by the trust company or trust corporation, as the case may be,
	☐	 	 	a
    person acting on behalf of a fully managed account managed by that person, if that person is registered or authorized to carry
    on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction,
	☐	 	 	a
    registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility
    adviser or an adviser registered under the securities legislation of the jurisdiction of the registered charity to give advice
    on the securities being traded,
	☐	 	 	an
    entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) through
    (d) or paragraph (i) in form and function,
	☐	 	 	a
    person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required
    by law to be owned by directors, are persons that are accredited investors,
	☐	 	 	an
    investment fund that is advised by a person registered as an adviser or a person that is exempt from registration as an adviser,
	☐	 	 	a
    person that is recognized or designated by the Commission as an accredited investor,
	☐	 	 	a
    trust established by an accredited investor for the benefit of the accredited investor’s family members of which a majority
    of the trustees are accredited investors and all of the beneficiaries are the accredited investor’s spouse, a former
    spouse of the accredited investor or a parent, grandparent, brother, sister, child or grandchild of that accredited investor,
    of that accredited investor’s spouse or of that accredited investor’s former spouse.

 

		12.	We
hereby represent, warrant, covenant and certify that we are, or any party on whose behalf we are acting is, a “permitted
client” by virtue of the criterion indicated below,

 

Please check the category that
applies:

 

	☐	(a)	a
    Canadian financial institution or a Schedule III bank;
	☐	(b)	the
    Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada);

 

    Schedule B

     

    

  

	☐	(c)	a
    subsidiary of any person or company referred to in paragraph (a) or (b), if the person or company owns all of the voting securities
    of the subsidiary, except the voting securities required by law to be owned by directors of the subsidiary;
	☐	(d)	a
    person or company registered under the securities legislation of a jurisdiction of Canada as an adviser, investment dealer,
    mutual fund dealer or exempt market dealer;
	☐	(e)	a
    pension fund that is regulated by either the Office of the Superintendent of Financial Institutions or a pension commission
    or similar regulatory authority of a jurisdiction of Canada or a wholly-owned subsidiary of such a pension fund;
	☐	(f)	an
    entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) through
    (e);
	☐	(g)	the
    Government of Canada or a jurisdiction of Canada, or any Crown corporation, agency or wholly-owned entity of the Government
    of Canada or a jurisdiction of Canada;
	☐	(h)	any
    national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency
    of that government;
	☐	(i)	a
    municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion
    de la taxe scolaire de l’île de Montréal or an intermunicipal management board in Quebec;
	☐	(j)	a
    trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada)
    or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a managed account
    managed by the trust company or trust corporation, as the case may be;
	☐	(k)	a
    person or company acting on behalf of a managed account managed by person or company, if the person or company is registered
    or authorized to carry on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada
    or a foreign jurisdiction;
	☐	(l)	an
        investment fund if one or both of the following apply:

        (i)
        the fund is managed by a person or company registered as an investment fund manager under the securities legislation of
        a jurisdiction of Canada;

        (ii)
        the fund is advised by a person or company authorized to act as an adviser under the securities legislation of a jurisdiction
        of Canada;

	☐	(m)	in
    respect of a dealer, a registered charity under the Income Tax Act (Canada) that obtains advice on the securities to
    be traded from an eligibility adviser or an adviser registered under the securities legislation of the jurisdiction of the
    registered charity;
	☐	(n)	in
    respect of an adviser, a registered charity under the Income Tax Act (Canada) that is advised by an eligibility adviser or
    an adviser registered under the securities legislation of the jurisdiction of the registered charity;
	☐	(o)	a
    registered charity under the Income Tax Act (Canada) that obtains advice on the securities to be traded from an eligibility
    adviser or an adviser registered under the securities legislation of the jurisdiction of the registered charity;
	☐	(p)	an
    individual who beneficially owns financial assets having an aggregate realizable value that, before taxes but net of any related
    liabilities, exceeds $5 million;
	☐	(q)	a
    person or company that is entirely owned by an individual or individuals referred to in paragraph (o), who holds the beneficial
    ownership interest in the person or company directly or through a trust, the trustee of which is a trust company or trust
    corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under
    comparable legislation in a jurisdiction of Canada or a foreign jurisdiction;
	☐	(r)	a
    person or company, other than an individual or an investment fund, that has net assets of at least C$25,000,000 as shown on
    its most recently prepared financial statements; or
	☐	(s)	a
    person or company that distributes securities of its own issue in Canada only to persons or companies referred to in paragraphs
    (a) through (r).

 

 

Schedule B

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