Document:

Exhibit 10.7

 

EXECUTION VERSION

 

AMENDED AND RESTATED

REGISTRATION RIGHTS AGREEMENT

 

THIS
AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Agreement”), is made as of March 8, 2022 to be
effective as of the Closing (as defined in the Business Combination Agreement) and entered into by and among Endurance Acquisition
Corp. (the “SPAC”), Endurance Antarctica Partners, LLC (the “Sponsor”) and Cantor Fitzgerald
 & Co. (“Cantor”). Capitalized terms used and not otherwise defined herein shall have the meaning given to
such terms in the A&R Shareholders’ Agreement (as defined below).

 

RECITALS 

 

WHEREAS, the SPAC, the Sponsor, Cantor
and the qualified institutional buyers or institutional accredited investors party to the Prior Agreement (as defined below) (such investors
together with the Sponsor, Cantor, “EDNC Holders”) are parties to that certain Registration Rights Agreement dated as of September
14, 2021 (the “Prior Agreement”);

 

WHEREAS,
in connection with the consummation of the transactions contemplated by the Business Combination Agreement, dated as of March 8, 2022,
by and among the SatixFy Communications Ltd., a limited liability company organized under the laws of the State of Israel (the “Company”),
SatixFy MS, a Cayman Islands exempted company and a wholly owned subsidiary of the Company, and the SPAC (the “Business Combination
Agreement”), certain holders of Company Ordinary Shares have entered into that certain Amended and Restated Shareholders’
Agreement of the Company dated as of March 8, 2022 (the “A&R Shareholders’ Agreement”);

 

WHEREAS, the SPAC, the Sponsor and Cantor
deem it necessary and advisable, effective upon the Closing under the Business Combination Agreement to amend and restate the Prior Agreement
in order to provide all existing EDNC Holders and the parties to the A&R Shareholders’ Agreement with the same registration
rights;

 

WHEREAS, pursuant
to Section 5 of the Prior Agreement, the Prior Agreement may be amended by written consent of the SPAC and the EDNC Holders constituting
at least a majority in interest of the then outstanding Registrable Securities as defined in the Prior Agreement (which majority interest
must include Cantor if such amendment or modification affects in any way the rights of Cantor thereunder; provided, however,
that notwithstanding the foregoing, any amendment thereto that adversely affects one EDNC Holder, solely in its capacity as a holder of
capital shares of the SPAC, in a manner that is materially different from the other EDNC Holders (in such capacity) shall require the
consent of the Holder so affected; and

 

WHEREAS, the SPAC, the Sponsor and Cantor
have agreed to amend and restate the Prior Agreement, represent a majority in interest of the then outstanding Registrable Securities
as defined in the Prior Agreement and that all ENDC Holders will be treated the same pursuant to this Agreement.

 

NOW, THEREFORE, in consideration
of the mutual promises, covenants, conditions, representations and warranties set forth herein, the parties hereby agree as follows:

 

     

     

    

 

AMENDMENT AND RESTATEMENT

 

Upon the Closing under the Business Combination
Agreement, this Agreement shall replace the Prior Agreement in its entirety, and the Prior Agreement shall be of no further force and
effect.

 

The following sections set out in the A&R Shareholders’
Agreement, attached hereto as Exhibit A, shall apply to and be incorporated into this Agreement mutatis mutandis as if set
out in full in this Agreement, and for all purposes hereunder, each ENDC Holder under the Prior Agreement shall, after effectiveness of
this Agreement, be deemed a Holder under the A&R Shareholders Agreement:

 

Section 1 (Affirmative Covenants)

 

Section 2 (Registration)

 

Section 3 (Termination)

 

Section 5 (Miscellaneous)

 

[SIGNATURE PAGES FOLLOW]

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned have caused this Agreement
to be executed as of the date first written above.

 

	 	
    

    ENDURANCE ACQUISITION CORP.,

    a Cayman Islands exempted company

	 	
     

    By:
	/s/ Richard C. Davis
	 	 	Name:	Richard C. Davis
	 	 	Title:	Chief
Executive Officer
	 	
     

     

    ENDURANCE ANTARCTICA PARTNERS, LLC,

    a Cayman Islands limited liability company

     

    By: ADP Endurance, LLC

    Its: Managing Member

	 	
     

    By:
	/s/ Chandra R. Patel
	 	 	Name:	Chandra R. Patel
	 	 	Title:	Managing Director
	 	 
	 	 
	 	CANTOR FITZGERALD & CO.
	 	
     

    By:
	/s/ Sage Kelly
	 	 	Name:	Sage Kelly
	 	 	Title:	Senior Managing Director and Head of Investment Banking

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

Exhibit A

 

AMENDED AND RESTATED SHAREHOLDERS' AGREEMENT

 

THIS
AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT (this “Agreement”), is made as of March 8, 2022 by and among
SatixFy Communications Ltd., a limited liability company organized under the laws of the State of Israel (registered number 516135035,
the “Company”), Endurance Acquisition Corp., a Cayman Islands exempted company (“SPAC”) and the
Holders (as defined below) who have executed a signature page or Joinder Agreement (as defined below) to this Agreement (including
the Prior Agreement). Capitalized terms used and not otherwise defined herein will have the meaning given such terms in the Business Combination
Agreement (as defined below).

 

W I T N E S S E T H :

 

WHEREAS, the Company and certain
of the Holders are parties to that certain Shareholders’ Agreement dated as of May 12, 2020 (the “Prior Agreement”);

 

WHEREAS, Endurance Antarctica
Partners, LLC, a Cayman Islands limited liability company (“EDNCU Holder”), SPAC and certain other parties thereto
are parties to that certain Sponsor Letter Agreement, dated as of September 14, 2021, as amended (the “Previous Sponsor
Agreement”, together with the Prior Agreement, the “Previous Agreements”);

 

WHEREAS,
in connection with the consummation of the transactions (the “Business Combination”) contemplated by the Business Combination
Agreement, dated as of March 8, 2022, by and among the Company, SatixFy MS, a Cayman Islands exempted company and a wholly
owned subsidiary of the Company, and SPAC (the “Business Combination Agreement”), (x) each of the Holders party
to the Prior Agreement and the Company desire that, effective upon the Closing (as defined below), the Prior Agreement shall be amended
and restated in its entirety in the form of this Agreement and (y) each of the EDNCU Holder, SPAC and each of the Holders party to
the Previous Sponsor Agreement desire that, effective upon the Closing, the Previous Sponsor Agreement shall be terminated and cancelled
in its entirety and shall be of no further force and effect;

 

WHEREAS, the EDNCU Holder
and its Permitted Transferees are subject to restrictions on Transfer and forfeiture as set forth in the Sponsor Letter Agreement;

 

WHEREAS, this Agreement is
being executed concurrently with the entry into the Business Combination Agreement and will become effective upon the Closing (as defined
below); and

 

WHEREAS, the Holders and the
Company desire to set forth certain matters regarding the ownership of the shares of the Company as set forth herein.

 

NOW, THEREFORE, in consideration of the mutual
promises, covenants, conditions, representations and warranties set forth herein, the parties hereby agree as follows:

 

1.            Affirmative
Covenants.

 

1.1          Confidentiality.
Each Holder agrees that any information obtained pursuant to this Agreement (including any information about any proposed registration
or offering pursuant to Section ‎2) will
not, without the prior written consent of the Company, be disclosed or used for any purpose other than the exercise of rights under this
Agreement; provided, however, that disclosure of such information shall be permitted by any Holder as required
by applicable law or on a confidential basis to its attorneys, accountants and other professionals and advisors to the extent necessary
to obtain their services in connection with monitoring its investment in the Company or enforcement of its rights, and, in case of a corporate
entity, to (x) its Affiliates other than with respect to information with respect to which such Affiliate has a conflict of interest
and (y) to its and such Affiliates’ officers, directors, investors, employees, general partner (and the officers and directors
thereof), attorneys, accountants and other professionals and advisors (collectively, “Representatives”) on a need-to-know
basis; provided that each Holder shall be responsible for any breach of the terms of this Section 1.1 by any
of its Representatives.

 

     

     

    

 

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

 

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

 

“Articles”
means the articles of association of the Company, as amended from time to time;

 

“Antarctica
Capital” means Antarctica Capital, LLC.

 

“Business Day”
means any day other than a Friday, Saturday, Sunday or any other day on which commercial banks are required or authorized to close in
the State of New York or Tel-Aviv, Israel.

 

“Catalyst”
means CEL Catalyst Communications Ltd.

 

“EDNCU Lock-up
Permitted Transferees” shall mean (a) (i) SPAC’s officers or directors, (ii) any direct or indirect
controlled Affiliates or immediate family member of any of SPAC’s officers or directors (as defined in the Securities and Exchange
Act of 1934, as amended), (iii) any direct or indirect controlled Affiliates of the management company of Antarctica Capital that
are not competitors of the Company or (iv) any Affiliates of Antarctica Capital that are employees of Antarctica Capital; (b) transferees
by virtue of the Sponsor’s certificate of incorporation or bylaws (or equivalent), as amended, upon dissolution of the Sponsor;
(c) transferees in connection with a bona fide gift or charitable contribution without consideration; (d) transferees with the
written consent of the Company Board or (e) transferees in connection with a liquidation, merger, stock exchange, reorganization,
tender offer or other similar transaction, in each case in this clause (e) as approved by the Company Board or a duly authorized
committee thereof, which results in all of the Company’s stockholders having the right to exchange their Ordinary Shares for cash,
securities or other property subsequent to the Closing Date.

 

“Exchange Act”
means the United States Securities Exchange Act of 1934, as amended, or any federal statute or code which is a successor thereto and the
rules and regulations promulgated thereunder.

 

“Form S-1/F-1”
means Form S-1 or Form F-1 under the Securities Act, as in effect on the date hereof or any registration form under the Securities
Act subsequently adopted by the SEC.

 

“Form S-3/F-3”
means Form S-3 or Form F-3 under the Securities Act, as in effect on the date hereof or any registration form under the Securities
Act subsequently adopted by the SEC which permits inclusion or incorporation of substantial information by reference to other documents
filed by the Company with the SEC.

 

“Holder”
means any holder of Ordinary Shares or options or warrants convertible into Ordinary Shares who is a party to or bound by this Agreement.

 

“Initiating Holders”
means either (a) Holders of at least thirty percent (30%) in interest of the issued and outstanding Registrable Shares then held
by all Holders (other than the EDNCU Holder and Catalyst), assuming for purposes of such determination the conversion of all shares convertible
into Registrable Shares or (b) the EDNCU Holder, acting by itself, or (c) Catalyst, acting by itself.

 

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

 

“Lock-up Period”
shall mean with respect to the Holders (other than the EDNCU Holder and its EDNCU Lock-up Permitted Transferees) and their respective
Lock-up Permitted Transferees, the period beginning on the date of the closing (the “Closing”) of the Business Combination
(the “Closing Date”), and ending on the date that is one hundred and eighty (180) days following the Closing Date.

 

“Lock-up
Shares” shall mean, with respect to the Holders (other than the EDNCU Holder and its EDNCU Lock-up Permitted
Transferees) and their respective Lock-up Permitted Transferees, the Ordinary Shares held by such Holders immediately prior to the
Closing (excluding, for the avoidance of doubt, (i) any Ordinary Shares that may be held by a Holder that is a broker dealer as part
of its ordinary course trading and market activities and not for investment purposes and were not acquired directly from the
Company, (ii) any Ordinary Shares purchased in a private placement in connection with the Business Combination or acquired in the
public market following the Closing and (iii) any Ordinary Shares issuable upon conversion or exercise of warrants, options or any
other instrument held by the Holders as of immediately prior to the Closing (excluding, for the avoidance of doubt, SPAC Warrants
and PIPE Warrants).

 

     

     

    

 

“party”
means a party to this Agreement unless otherwise specified.

 

“PIPE Warrants”
means the warrants to purchase Ordinary Shares issued pursuant to that certain Warrant Agreement, to be executed in connection with the Closing, by and among
the Company and Continental Stock Transfer & Trust Company, a New York corporation.

 

“Register”,
 “registered” and “registration” refer to a registration effected by filing a Registration
Statement in compliance with the Securities Act and the declaration or ordering by the Commission of effectiveness of such Registration
Statement, or the equivalent actions under the laws of another jurisdiction.

 

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

 

“Registrable Shares”
means (i) all Ordinary Shares (as such term is defined in the Articles) (the “Ordinary Shares”) owned by
any Holder party hereto as of immediately after the Closing, including any Ordinary Shares issuable upon conversion or exercise of warrants,
options or any other securities or instruments issued or assumed by the Company and any Ordinary Shares issued to holders of Class A
ordinary shares, par value US$0.0001 per share, of the SPAC in connection with the Business Combination at Closing and (ii) any Ordinary
Shares issuable upon conversion or exercise of warrants, options or any other securities or instruments issued or assumed by the Company
to the extent that such securities are “restricted securities” (as defined in Rule 144) or are otherwise held by an “affiliate”
(as defined in Rule 144) of the Company; provided that, (x) no Holder who holds Registrable Shares that remain
(i) subject to restriction on Transfer as set forth in Section 4.1, (ii) subject to restriction on Transfer or forfeiture
as set forth in the Sponsor Letter Agreement or (iii) held in escrow pursuant to that certain Unit Subscription Agreement (collectively,
the “Sale Limited Securities”), shall have any right to have such Registrable Shares participate in (1) an offering
pursuant to Section 2.2 (although such shares may be registered on any shelf registration pursuant to Section 2.2 so long as
they are not transferred thereunder in violation of such restrictions) or (2) a registration or offering pursuant to Section 2.3,
unless such restrictions lapse before the effectiveness of the Registration Statement, and (y) for the avoidance of doubt, any PIPE
Warrants and Ordinary Shares purchased by the EDNCU Holder pursuant to that certain Unit Subscription Agreement, shall not be Registrable
Shares hereunder but shall be entitled to the registration rights as set forth therein; provided, further,
that, Ordinary Shares shall cease to be Registrable Shares (1) on the later of (x) as to any Holder (other than Catalyst) that
holds more than 5% of then-outstanding Ordinary Shares, two years after the date of the Business Combination, as to Catalyst, when it
owns less than 1% of the outstanding Ordinary Shares and (y) when they are freely saleable without registration by the Holder thereof
pursuant to Rule 144 (without the need for any manner of sale requirement or volume limitation and without the requirement for the
Company to be in compliance with the current public information requirement under Rule 144(i)(1) (or Rule 144(i)(2), if applicable))
or (2) when sold pursuant to Rule 144 or a Registration Statement.

 

“SEC”
or “Commission” means the U.S. Securities and Exchange Commission.

 

“Securities Act”
means the United States Securities Act of 1933, as amended or any federal statute or code which is a successor thereto and the rules and
regulations promulgated thereunder.

 

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

 

“SPAC Warrants”
shall mean the warrants issued pursuant to that certain warrant agreement, dated as of September 14, 2021, by and among the SPAC,
Continental Stock Transfer & Trust Company, a New York corporation, and the other parties thereto, as amended by the Warrant
Assumption Agreement.

 

     

     

    

 

“Sponsor
Interests” means the 3,570,000 Ordinary Shares and 6,630,000 privately issued SPAC Warrants (as adjusted for stock
splits, stock dividends, reorganizations and recapitalizations and the like) issuable at the Effective Time to the EDNCU Holder and its
Permitted Transferees that are subject to restrictions on Transfer and forfeiture as set forth in the Sponsor Letter Agreement.

 

“Transfer”
shall mean, directly or indirectly, the (x) sale or assignment of, offer to sell, contract or agreement to sell, hypothecate, pledge,
grant of any option to purchase or otherwise dispose of or agreement to dispose of or establishment or increase of a put equivalent position
or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act with
respect to, any security, (y) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the
economic consequences of ownership of, or any other derivative transaction with respect to, any security, whether any such transaction
is to be settled by delivery of such securities, in cash or otherwise, or (z) public announcement of any intention to effect any
transaction specified in clause (x) or (y).

 

“Unit
Subscription Agreement” shall mean that certain Unit Subscription Agreement, dated as of March 8, 2022, by and among
the Company, the SPAC, the EDNCU Holder, Continental Stock Transfer & Trust Company, a New York corporation and the other
parties thereto.

 

“Warrant
Assumption Agreement” shall mean that certain Assignment, Assumption and Amendment Agreement, to be executed in
connection with the Closing, by and among the Company, the SPAC and Continental Stock Transfer & Trust Company, a New York
corporation.

 

2.2          Piggyback
Registration. If the Company at any time (beginning upon (but excluding) the Closing Date) proposes to register any of its Ordinary
Shares (other than (w) a shelf registration to register Ordinary Shares or warrants issued to investors in a private placement (the
 “PIPE”) in connection with the Business Combination, (x) in a registration under Section 2.3, Section 2.4
or Section 2.5 of this Agreement, (y) a registration on Form F-8 or S-8 or (z) pursuant to Form F-4 or S-4 in
connection with a business combination or exchange offer or pursuant to exercise or conversion of outstanding securities) or to undertake
an underwritten public offering of its securities pursuant to an effective Registration Statement (a “Shelf Takedown”),
it shall give written notice to all Holders of such intention not less than ten (10) days before the anticipated filing date of the
applicable Registration Statement, which notice shall (A) describe the amount and type of securities to be included in such offering,
the intended method(s) of distribution, and the name of the proposed managing underwriter or underwriters, if any, in such offering,
and (B) offer to all Holders the opportunity to register the sale of such number of Registrable Shares as such Holders may request
in writing. Upon the written request of any Holder given within fifteen (15) days after receipt of any such notice, the Company shall
include in such registration or Shelf Takedown all of the Registrable Shares indicated in such request, so as to permit the disposition
of the shares so registered. The Company shall, in good faith, cause such Registrable Shares to be included in such registration or offering
and, if applicable, shall use its best efforts to cause the managing underwriter(s) of such registration to permit the Registrable
Shares requested by the Holders pursuant to this Section 2.2 to be included therein on the same terms and conditions as any similar
securities of the Company included in such registered offering and to permit the sale or other disposition of such Registrable Shares
in accordance with the intended method(s) of distribution thereof. Notwithstanding any other provision of this Section 2.2,
if the managing underwriter advises the Company in writing in good faith that the amount to be sold by persons other than the Company
is greater than the amount which can be offered without adversely affecting the offering, the Company may reduce the amount offered for
the accounts of selling shareholders to a number deemed satisfactory by such managing underwriter, provided that any shares
to be excluded shall be determined in the following order of priority: (i) shares held by shareholders other than the Holders, (ii) then,
to the extent necessary, shares held by the Holders (other than Catalyst and the EDNCU Holder) pro rata to the respective number of Registrable
Shares requested to be included in such registration or Shelf Takedown by such Holders and (iii) then, to the extent necessary, shares
held by Catalyst and the EDNCU Holder pro rata to the respective number of Registrable Shares requested to be included in such registration
or Shelf Takedown by such Holders; and provided, further, that in any event all Registrable Shares must be
included in such registration or Shelf Takedown prior to any other shares of the Company (with the exception of shares to be issued by
the Company to the public) and the number of Registrable Shares to be included in the offering shall not be reduced to below twenty five
percent (25%) of the total number of securities included in such offering (divided among the Holders participating in the registration
pursuant to the foregoing order of priority pro rata to the respective number of Registrable Shares requested to be included by each of
such Holders). Any Holder may elect to withdraw such Holder’s request for inclusion of Registrable Shares in any Registration Statement
pursuant to this Section 2.2 by giving written notice to the Company of such request to withdraw prior to the effectiveness of the
Registration Statement. The Company (whether on its own determination or as the result of a withdrawal by persons making a demand pursuant
to written contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness of such Registration
Statement.

 

     

     

    

 

2.3          Demand
Registration. At any time following the Closing, the Initiating Holders may request in writing that the Company shall file a Registration
Statement with respect to the registration and resale of all or part of the Registrable Shares held by them, including without limitation
on Form S-1/F-1 (a “Demand Registration”). As soon as practicable and in any event within ten (10) days
after receipt of any such request, the Company shall give written notice of such request to the other Holders and shall include in such
registration all Registrable Shares held by all such Holders who wish to participate in such Demand Registration and provide the Company
with written requests for inclusion therein within seven (7) days after the receipt of the Company’s notice. Thereupon, the
Company shall use its best efforts to effect the registration of all Registrable Shares as to which it has received requests for registration
for as promptly as reasonably practicable; provided, however, that: (i) the Company shall not be required
to effect any registration under this Section 2.3 (A) during the period that is thirty (30) days before the Company’s
good faith estimate of the date of filing of a Company-initiated registration, provided that the Company is actively employing
in good faith commercially reasonable efforts to cause such registration statement to become effective and (B) within a period of
ninety (90) days following the effective date of a previous registration filed by the Company covering a firm commitment underwritten
public offering in which the holders of Registrable Shares shall have been entitled to join pursuant to Section 2.2 and in which
there shall have been effectively registered all Registrable Shares as to which registration shall have been requested; and (ii) the
registration shall cover the public sale of Registrable Shares with an aggregate public offering price reasonably expected to be at least
the lesser of (a) US$35,000,000 and (b) all remaining Registrable Securities (other than the Sale Limited Securities) owned
by the requesting Holder. The Initiating Holders may elect to withdraw from any offering pursuant to this Section 2.3 by giving
written notice to the Company and the underwriter(s) of their request to withdraw prior to the effectiveness of the Registration
Statement filed by the SEC with respect to such Demand Registration. If the Initiating Holders withdraw from a proposed offering relating
to a Demand Registration and the Company did not elect to delay or postpone such offering pursuant to Section 2.6, then either the
Initiating Holders shall reimburse the Company for the costs associated with the withdrawn Demand Registration (in which case such registration
shall not count as a Demand Registration provided for in this Section 2.3) or such withdrawn registration shall count as a Demand
Registration provided for in this Section 2.3. Notwithstanding any other provision of this Section 2.3, if the managing underwriter
advises the Holders in writing that marketing factors require a limitation on the dollar amount or the number of shares to be underwritten,
then the number of shares to be included in such underwritten public offering shall be reduced to a number deemed satisfactory by such
managing underwriter; provided, that the shares to be excluded shall be determined in the following order of priority:
(i) shares held by shareholders other than the Holders, (ii) shares which the Company may wish to register for its own account,
and thereafter, to the extent necessary, (iii) shares held by the Holders (other than Catalyst or the EDNCU Holder if Catalyst or
the EDNCU Holder was the Initiating Holder) pro rata to the respective number of Registrable Shares requested by such Holders to be included
in the registration and thereafter, to the extent necessary, (iv) if Catalyst or the EDNCU Holder was the Initiating Holder, shares
held by Catalyst and the EDNCU Holder pro rata to the respective number of Registrable Shares requested to be included in such registration
or Shelf Takedown by such Holders; provided, however, that (i) in any event all Registrable Shares must
be included in such registration prior to any other shares of the Company, and (ii) if Holders other than Catalyst and the EDNCU
Holder were the Initiating Holders, Catalyst or the EDNCU Holder, by written notice to the Company during the seven-day notice period
set forth above, shall be entitled to be treated as the Initiating Holder instead, subject to the limitations on the number of their
respective demand registrations set forth below. The Company may not cause any other registration of securities for sale for its own
account (other than a registration effected solely to implement an employee benefit plan) to be initiated after a registration requested
pursuant to Section 2.3 and to become effective less than ninety (90) days after the effective date of any registration requested
pursuant to Section 2.3. The Company shall not be required to effect more than two (2) registrations under this Section 2.3
for Initiating Holders (other than the EDNCU Holder and Catalyst), the Company shall not be required to effect more than two (2) registrations
under this Section 2.3 for which the EDNCU Holder is the Initiating Holder and the Company shall not be required to effect more
than two (2) registrations under this Section 2.3 for which Catalyst is the Initiating Holder. A registration will not count
as a requested registration under this Section unless and until the Registration Statement relating to such registration has been
declared effective by the Commission.

 

     

     

    

 

2.4          S-1/F-1
Registration Statement. If the SEC publicly announces or informs the Company that Rule 144(i) applies to the Company, the
following provision shall apply. The Company shall, as soon as practicable after such notice from the SEC, but in any event within thirty
(30) days, file a Registration Statement under the Securities Act to permit the public resale of all the Registrable Shares held by any
Holder, from time to time as permitted by Rule 415 under the Securities Act (or any successor or similar provision adopted by the
SEC then in effect) on the terms and conditions specified in this Section 2.4 and shall use its reasonable commercial efforts to
cause such Registration Statement to be declared effective as expeditiously as possible after the filing thereof. The Registration Statement
filed with the SEC pursuant to this Section 2.4 shall be on Form S-1/F-1, with respect to such Registrable Shares (the “Shelf”),
and shall contain a prospectus in such form as to permit (subject to the Lock-up) the Holders to sell such Registrable Shares pursuant
to Rule 415 under the Securities Act (or any successor or similar provision adopted by the SEC then in effect), or such other means
of distribution of Registrable Shares as the Holders may reasonably specify, at any time beginning on the effective date for such Registration
Statement. The Company shall maintain the Shelf in accordance with the terms hereof, and shall prepare and file with the SEC such amendments,
including post-effective amendments, and supplements as may be necessary to keep such Shelf continuously effective, available for use
and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Shares included on
such registration statement. The Company shall use its commercially reasonable efforts to convert the S-1/Form F-1 to a Form S-3/F-3
as soon as practicable after the Company is eligible to use Form S-3/F-3. A Registration Statement filed pursuant to this Section 2.4
shall provide for the resale pursuant to any method or combination of methods legally available to, and requested by, any Holder. Subject
to the second succeeding sentence, as soon as practicable following the effective date of a Registration Statement filed pursuant to this
Section 2.4, but in any event within three (3) business days from such date, the Company shall notify the Holders of the effectiveness
of such Registration Statement. The Holders may use such Form S-1/F-1 to dispose of their Registrable Shares on a non-underwritten
basis, and, to the extent permissible under SEC rules, may utilize such Form S-1/F-1 on an underwritten basis if requested by Initiating
Holders (with any such request being deemed to be a demand pursuant to Section 2.3 and subject to the limits and rules set forth
therein, mutatis mutandis). If requested by any Holder, the Company shall promptly file with the SEC such post-effective amendments
or supplements to any such Form S-1/F-1 as may be necessary to name such Holder therein as a selling shareholder and otherwise permit
such Holder to sell Registrable Shares thereunder.

 

2.5          Form S-3/F-3
Registration. Following the Closing, the Company shall use its best efforts to qualify and remain qualified to register securities
pursuant to a Registration Statement on Form S-3/F-3 under the Securities Act. In case the Company shall receive from any Holder
or Holders a written request or requests that the Company effect a registration on Form S-3/F-3, and any related qualification or
compliance, with respect to Registrable Shares, the Company shall within ten (10) days after receipt of any such request give written
notice of the proposed registration, and any related qualification or compliance, to all other Holders, and include in such registration
all Registrable Shares held by all such Holders who wish to participate in such registration and provide the Company with written requests
for inclusion therein within seven (7) days after the receipt of the Company’s notice. Thereupon, the Company shall effect
such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution
of all or such portion of such Holder’s or Holders’ Registrable Shares as are specified in such request, together with all
or such portion of the Registrable Shares of any other Holder or Holders joining in such request as are specified in a written request
given within seven (7) days after receipt of such written notice from the Company. The Holders may use such Form S-3/F-3 to
dispose of their Registrable Shares on a non-underwritten basis, and, to the extent permissible under SEC rules, may utilize such Form S-3/F-3
on an underwritten basis if requested by Initiating Holders (with any such request being deemed to be a demand pursuant to Section 2.3
and subject to the limits and rules set forth therein, mutatis mutandis). If requested by any Holder, the Company shall promptly
file with the SEC such post-effective amendments or supplements to any such Form S-3/F-3 as may be necessary to name such Holder
therein as a selling shareholder and otherwise permit such Holder to sell Registrable Shares thereunder.

 

     

     

    

 

2.6          Suspension
Periods. Notwithstanding anything to the contrary in this Subscription Agreement, the Issuer shall be entitled to delay or postpone
the effectiveness of a Registration Statement filed pursuant to Section 2.3, Section 2.4 and Section 2.5,
and from time to time to require the Holders not to sell under the Registration Statement or to suspend the effectiveness thereof, if
the negotiation or consummation of a transaction by the Issuer or its subsidiaries is pending or an event has occurred, which negotiation,
consummation or event the Issuer’s board of directors reasonably believes, upon the advice of legal counsel (which may be in-house
legal counsel), would require additional disclosure by the Issuer in the Registration Statement of material information that the Issuer
has a bona fide business purpose for keeping confidential or is not available and the non-disclosure of which in the Registration Statement
would be expected, in the reasonable determination of the Issuer’s board of directors, upon the advice of legal counsel (which
may be in-house legal counsel), to cause the Registration Statement to fail to comply with applicable disclosure requirements (each such
circumstance, a “Suspension Event”); provided, however, that the Issuer may not delay
or suspend the effectiveness of such a Registration Statement on more than two (2) occasions of not more than forty-five (45) days
each during any twelve (12)-month period.

 

2.7          Designation
of Underwriter. In the case of any registration effected pursuant to Section 2.3, the Company and the holders of the majority
of the Registrable Shares held by the Initiating Holders shall mutually designate the managing underwriter(s) in any underwritten
offering and shall reasonably cooperate in making such designation.

 

2.8          Expenses.
All expenses incurred in connection with any registration under Section 2.2, Section 2.3, Section 2.4 or Section 2.5
shall be borne by the Company (except as otherwise mentioned in Section 2.3 with respect to a withdrawn Demand Registration), provided
that the selling Holders shall bear all underwriting discounts, selling commissions, and share transfer taxes applicable to the sale by
them of the Registrable Shares, pro rata on the basis of the number of Registrable Shares registered on their behalf, and each Holder
shall bear fees and disbursements of counsel for such Holder, except for the fees and disbursements of one U.S. counsel and one Israeli
counsel (selected by the Holder(s) of a majority of the Registrable Shares included in such registration) for all selling Holders
which shall be borne and paid by the Company.

 

2.9          Indemnities.
In the event of any registered offering of Ordinary Shares pursuant to this Section 2:

 

2.9.1              The
Company will indemnify and hold harmless, to the fullest extent permitted by law, any Holder and any underwriter (as defined in the Securities
Act) for such Holder, and each person, if any, who controls (within the meaning of the Securities Act) the Holder or such underwriter,
and directors, officers, employees and agents of any of them (each, an “Indemnified Person”) from and against any and
all losses, damages, claims, liabilities, joint or several, costs and expenses (including any amounts paid in any settlement effected
with the Company’s consent) to which such Indemnified Person may become subject under applicable law or otherwise, insofar as such
losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based upon:
(i) any untrue statement or alleged untrue statement of any material fact contained, on the effective date thereof, in the Registration
Statement or included in any preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereto; (ii) the
omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances in which they are made, not misleading; or (iii) any violation by the Company of the Securities
Act, the Exchange Act or any state securities law or any rule or regulation thereunder in connection with the registration. The Company
will reimburse each such Indemnified Person, promptly upon demand, for any reasonable legal or attorney’s fees or any other expenses
incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection
with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not
be liable to any Indemnified Person in any such case to the extent that any such loss, damage, liability, cost or expense arises out of
or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information
furnished in writing by such Indemnified Person specifically for inclusion therein; provided, further, that
this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided, further,
that the indemnity agreement contained in this subsection 2.8.1 shall not apply to amounts paid in settlement of any such claim, loss,
damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not be unreasonably
withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf
of the Holder, the underwriter or any controlling person of the Holder or the underwriter, and regardless of any sale in connection with
such offering by the Holder. Such indemnity shall survive the transfer of securities by a Holder.

 

     

     

    

 

2.9.2              Each
Holder participating in a registration hereunder will indemnify and hold harmless the Company, each other Holder participating in such
registration, any underwriter (as defined in the Securities Act) for the Company, or for any such other Holder, and each person, if any,
who controls (within the meaning of the Securities Act) the Company or such underwriter or such other Holder, from and against any and
all losses, damages, claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s
consent) to which the Company or any such controlling person and/or any such underwriter and/or such other Holder may become subject under
applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs
or expenses arise out of or are based on: (i) any untrue or alleged untrue statement of any material fact contained, on the effective
date thereof, in any Registration Statement under which shares were registered under the Securities Act at the request of such Holder,
any preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereto; or (ii) the omission or
the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the
light of the circumstances in which they were made, not misleading, and each such Holder will reimburse the Company, each other Holder
participating in such registration, any underwriter and each such controlling person of the Company or any underwriter, promptly upon
demand, for any reasonable legal or attorney’s fees or other expenses incurred by them in connection with investigating, preparing
to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or
proceeding; in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or
alleged omission was so made in conformity with written information furnished by such Holder specifically for inclusion therein; provided,
further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided,
further, that the indemnity agreement contained in this subsection 2.9.2 shall not apply to amounts paid in settlement of
any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders, as the case may be,
which consent shall not be unreasonably withheld, conditioned or delayed. In no event shall the liability of a Holder exceed the net proceeds
from the offering received by such Holder.

 

2.9.3              Promptly
after receipt by an indemnified party pursuant to the provisions of Sections 2.9.1 or 2.9.2 of notice of the commencement of any action
involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against
the indemnifying party pursuant to the provisions of said Section 2.9.1 or 2.9.2, promptly notify the indemnifying party of the commencement
thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified
party otherwise than hereunder. In case such action is brought against any indemnified party and it notifies the indemnifying party of
the commencement thereof, the indemnifying party shall have the right to participate in, and, to the extent that it may wish, jointly
with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified
party; provided, however, that if the defendants in any action include both the indemnified party and the
indemnifying party and there is or is reasonably expected to be a conflict of interests which would prevent counsel for the indemnifying
party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel
to participate in the defense of such action on behalf of such indemnified party or parties. After notice from the indemnifying party
to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified
party pursuant to the provisions of said Sections 2.9.1 or 2.9.2 for any legal or other expense subsequently incurred by such indemnified
party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the
provision of the preceding sentence, (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified
party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and as soon as practicable
and within fifteen (15) days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the
previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense
of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not include
as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in
respect to such claim or litigation.

 

     

     

    

 

2.9.4              If
recovery is not available under the foregoing indemnification provisions, for any reason other than as specified therein, the parties
entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses in such proportion as is
appropriate to reflect the relative fault of each of the indemnifying party and the indemnified party in connection with the statements,
omissions, or other actions that resulted in such loss, claim, damage, liability, or expense, as well as to reflect any other relevant
equitable considerations. In determining the amount of contribution to which the respective parties are entitled, there shall be considered
the parties’ relative knowledge and access to information concerning the matter with respect to which the claim was asserted, the
opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances.
In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder.

 

2.9.5              Notwithstanding
anything to the contrary hereunder, no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to indemnification or contribution pursuant to this Section 2.9 from any person or entity who
was not guilty of such fraudulent misrepresentation.

 

2.10        Obligations
of the Company. Whenever required under this Section 2 to affect the registration of any Registrable Shares, the Company shall,
as expeditiously as possible:

 

2.10.1            prepare
and file with the SEC a Registration Statement with respect to such Registrable Shares and use its best efforts to cause such Registration
Statement to become effective, and, upon the request of the holders of a majority of the Registrable Shares registered thereunder, keep
such Registration Statement effective for a period of up to twelve (12) months (or in the case of any registration of Registrable Shares
on Form S-3/F-3 that are intended to be offered on a continuous or delayed basis, subject to compliance with applicable SEC rules,
such twelve (12) month period shall be extended, if necessary, to keep the Registration Statement effective until all Registrable Shares
covered thereby have been sold).

 

2.10.2            subject
to the suspension rights set forth in Section 2.3, 2.4 and 2.5, prepare and file with the SEC such amendments and supplements to
such Registration Statement and the prospectus used in connection with such Registration Statement as may be necessary to comply with
the provisions of the Securities Act with respect to the disposition of all Registrable Shares covered by such Registration Statement;

 

2.10.3            use
commercially reasonable efforts to furnish to the Holders and the underwriters, if any, such numbers of copies of the prospectus, including
a preliminary prospectus, and any amendments or supplements to such a prospectus, without charge to the holders of Registrable Shares
included in such registration and in conformity with the requirements of the Securities Act, and such other documents as they may reasonably
request in order to facilitate the disposition of Registrable Shares owned by them;

 

2.10.4            in
the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing underwriter of such offering;

 

2.10.5            notify
each Holder of Registrable Shares covered by such Registration Statement and any underwriters, if any, of the happening of any event as
a result of which the prospectus included in such Registration Statement, as then in effect, includes an untrue statement of a material
fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the
light of the circumstances then existing; and, as promptly as practicable thereafter, prepare and file with the Commission and furnish
a supplement or amendment to such prospectus, so that, as thereafter deliverable to the purchasers of such Registrable Shares, such prospectus
will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading;

 

     

     

    

 

2.10.6            cause
all Registrable Shares registered pursuant hereunder to be listed on each securities exchange on which similar securities issued by the
Company are then listed;

 

2.10.7            provide
a transfer agent and registrar for all Registrable Shares registered pursuant hereunder and a CUSIP number for all such Registrable Shares,
in each case not later than the effective date of such registration;

 

2.10.8            furnish,
at the request of any Holder requesting registration of Registrable Shares pursuant to this Section 2, on the date that such Registrable
Shares are delivered to the underwriters for sale in connection with a registration pursuant to this Section 2, if such securities
are being sold through underwriters, or, if such securities are not being sold through underwriters, on the date that the Registration
Statement with respect to such securities becomes effective: (i) an opinion, dated such date, of the counsel representing the Company
for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering,
addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Shares; and (ii) a letter dated
such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent
certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders
requesting registration of Registrable Shares;

 

2.10.9            if
requested by the managing underwriter or underwriters (if any), any Holder, or such Holder’s counsel, promptly incorporate in a
prospectus supplement or post-effective amendment such information as such person requests to be included therein, including, without
limitation, with respect to the shares being sold by such Holder to such underwriter or underwriters, the purchase price being paid therefor
by such underwriter or underwriters and with respect to any other terms of an underwritten offering of the shares to be sold in such offering,
and promptly make all required filings of such prospectus supplement or post-effective amendment;

 

2.10.10          make
available to each Holder, any underwriter participating in any disposition pursuant to a Registration Statement, and any attorney, accountant
or other agent or representative retained by any such Holder or underwriter (collectively, the “Inspectors”), all financial
and other records, pertinent corporate documents and properties of the Company as shall be reasonably necessary to enable them to exercise
their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information requested
by any such Inspector in connection with such Registration Statement;

 

2.10.11          otherwise
cooperate with the underwriter(s), the Commission and other regulatory agencies and take all actions and execute and deliver or cause
to be executed and delivered all documents necessary to effect the registration of any shares under this Agreement;

 

2.10.12          during
the period when the prospectus is required to be delivered under the Securities Act, promptly file all documents required to be filed
with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act; and

 

2.10.13          in
the case of an underwritten offering involving gross proceeds in excess of US$50 million, use its reasonable efforts to make available
senior executives of the Company to participate in customary “road show” presentations that may reasonably be requested by
the underwriter.

 

2.11        Obligations
of Holders. Without limiting the foregoing, no Holder may participate in any underwritten offering hereunder unless such Holder (a) agrees
to sell such Holder’s Registrable Shares on the basis provided in any underwriting arrangements approved by the Company (in the
case of a Shelf Takedown) or the Initiating Holders (in the case of a Demand Registration) and (b) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting
arrangements and the provisions of this Agreement in respect of registration rights and performs its obligations under such agreements.

 

     

     

    

 

2.12        Assignment
of Registration Rights. Any of the Holders may assign its rights to cause the Company to register Shares pursuant to this Section 2
to a transferee of all or any part of its Registrable Shares. The transferor shall, within twenty (20) days after such transfer, furnish
the Company with written notice of the name and address of such transferee and the securities with respect to which such registration
rights are being assigned, and the transferee shall execute a Joinder Agreement as required by Section 5.4 below.

 

2.13        Public
Information. At any time and from time to time following the Closing, the Company shall undertake to make publicly available and available
to the Holders pursuant to Rule 144, such information as is necessary to enable the Holders to make sales of Registrable Shares pursuant
to that Rule. The Company shall comply with the current public information requirements of Rule 144 and shall furnish thereafter
to any Holder, upon request, a written statement executed by the Company as to the steps it has taken to so comply.

 

2.14        “Market
Stand-off” Agreement. Each Holder agrees that it will not, without the prior written consent of the Company or the
managing underwriter, during the period commencing on the date of the final prospectus used in connection with any underwritten
offerings pursuant to Section 2 above by the Company in which the Company complied with Section 2, and ending on the date
specified by the Company and the managing underwriter, such period not to exceed ninety (90) days following the closing of such
underwritten offering: (i) lend; offer; pledge; sell; contract to sell; sell any option or contract to purchase; purchase any
option or contract to sell; grant any option, right, or warrant to purchase; or otherwise transfer or dispose of, directly or
indirectly, any Ordinary Shares or any securities convertible into or exercisable or exchangeable (directly or indirectly) for
Ordinary Shares (whether such shares or other securities are then owned by the Holder, or are thereafter acquired by the Holder, but
excluding shares purchased in the offering and shares purchased following the offering that were not subject to underwriters’
lock-up); or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of such securities, whether any such transaction described in clause (i) or (ii) above is to be
settled by delivery of Ordinary Shares or other securities, in cash, or otherwise. The foregoing provisions of this
Section 2.14 shall not apply to (a) the sale of any shares to an underwriter pursuant to an underwriting agreement and shall be
applicable to the Holders only if all Company's officers and directors and all Holders individually owning more than one percent
(1%) of the Company's outstanding Ordinary Shares (on an as converted basis) shall be subject to similar restrictions or (b) activities of any Holder that is a broker dealer undertaken in the ordinary course of its business (other than with respect to
the SPAC Warrants, PIPE Warrants or Ordinary Shares purchased in a private placement in connection with the Business Combination, in each
case by such a broker dealer Holder for its own account for investment purposes). The
underwriters in connection with such registration are intended third-party beneficiaries of this Section 2.14 and shall have
the right, power, and authority to enforce the provisions hereof as though they were a party hereto. In addition, at the
underwriters’ request, each Holder shall enter into a lock-up agreement in customary form reflecting the foregoing.

 

3.            Termination.
This Agreement shall terminate upon the earlier of (i) upon the consummation of a Liquidation Event in which the Holders receive
at the closing thereof cash or unrestricted marketable securities; or (ii) with respect to each Holder, such time as such Holder
ceases to hold any Registrable Shares; provided, however, that the provisions of Section 1.1 and Section 2.9
shall continue and remain in full force and effect following the termination of this Agreement for whatever reason.

 

4.            Lock-up.

 

4.1          Lock-up.
Subject to Section 4.2, all Holders (other than the EDNCU Holder and its EDNCU Lock-Up Permitted Transferees) agree that they shall
not Transfer any Lock-up Shares or any instruments exercisable or exchangeable for, or convertible into, such Lock-up Shares until the
end of the Lock-up Period (the “Lock-up”). For the avoidance of doubt, it is acknowledged and agreed that (i) the
Sponsor Interests are subject to restriction on Transfer or forfeiture as set forth in the Sponsor Letter Agreement and not this Section 4,
(ii) certain Sponsor Interests and Ordinary Shares held by Holders are held in escrow pursuant to that certain Unit Subscription
Agreement, and (iii) such securities in (i) and (ii) may not be Transferred until any vesting conditions, as applicable,
are satisfied (and in any case subject to any applicable lock-up restrictions) and, with respect to any such securities that are subject
to an escrow obligation, if such obligation expires and such shares are released to the Holder. For the further avoidance of doubt, securities
acquired by a Holder party hereto in open market transactions subsequent to the date hereof shall not be subject to the Lock-up.

 

     

     

    

 

4.2          Permitted
Transfers. Notwithstanding the provisions set forth in Section 4.1, each Holder (other than
the EDNCU Holder and its EDNCU Lock-Up Permitted Transferees) and its Lock-up Permitted Transferees may Transfer the Lock-up Shares
during the Lock-up Period (a) to (i) such Holder’s investors, officers or directors, (ii) any direct or indirect
controlled Affiliates (as defined below) or immediate family members of such Holder’s officers or directors (as defined in the Securities
and Exchange Act of 1934, as amended), or (iii) any direct or indirect controlled Affiliates of the Holders (other than the EDNCU
Holder) that are not competitors of the Company or any employees of any such Affiliates; (b) in the case of an individual, (i) by
bona fide gift or charitable contribution without consideration, (ii) by virtue of laws of descent and distribution upon death of
the individual and (iii) pursuant to a qualified domestic relations order; (c) by virtue of such Holder’s certificate
of incorporation or bylaws (or equivalent), as amended, upon dissolution of such Holder; (d) in connection with a bona fide gift
or charitable contribution without consideration; (e) with the written consent of the Board or (f) in connection with a liquidation,
merger, stock exchange, reorganization, tender offer or other similar transaction, in each case in this clause (f) as approved by
the Board or a duly authorized committee thereof, which results in all of the Company’s stockholders having the right to exchange
their Ordinary Shares for cash, securities or other property subsequent to the Closing Date (collectively, the “Lock-up Permitted
Transferees”); provided, however, that in the case of clauses (a) through (d) such Lock-up
Permitted Transferee must execute a Joinder Agreement.

 

5.            Miscellaneous.

 

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

 

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

 

5.3          Governing
Law; Jurisdiction. This Agreement shall be governed by and construed according to the laws of the State of New York without regard
to the conflict of laws provisions thereof. Any dispute, legal action or proceeding, whether at law or in equity, whether in contract
or in tort or otherwise arising out of or relating to this Agreement or the performance hereunder shall be subject to the exclusive jurisdiction
of any New York State or United States Federal court in The City of New York, Borough of Manhattan, and each of the parties hereby irrevocably
submits to the exclusive jurisdiction of such court. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE
PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT TO TRIAL BY JURY IN RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT
OF, UNDER OR IN CONNECTION WITH OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

 

5.4          Successors
and Assigns; Assignment. Except as otherwise expressly limited herein (including Section 4.1), the provisions hereof shall inure
to the benefit of, and be binding upon, the successors, assigns, heirs, executors, and administrators of the parties hereto. None of the
rights, privileges, or obligations set forth in, arising under, or created by this Agreement, except for the right of the Holders
to cause the Company to register Shares pursuant to Section 2 herein, may be assigned or transferred without the prior consent in
writing of each party to this Agreement, with the exception of: (a) assignments and transfers of all or part of the Registrable Shares
between the Holders; (b) assignments and transfers of all or part of the Registrable Shares from a Holder to any other entity which
controls, is controlled by, or is under common control with, such Holder (each being an “Affiliate”); (c) as to
any Holder which is a partnership, assignments and transfers of all or part of the Registrable Shares to its partners and to affiliated
partnerships managed by the same management company or managing general partner or by an entity which controls, is controlled by, or is
under common control with, such management company or managing general partner; (d) assignments and transfers of all or part of the
Registrable Shares by a Holder to any fund (or shareholder or partner of any such fund), or any beneficiary of an account or arrangement,
managed by such Holder or by the general partner or managing entity of such Holder or by an affiliate thereof (the persons set forth in
clauses (a)-(d), collectively, “Permitted Transferees”), or (e) assignment or transfer of all or part of the Registrable
Shares by a Holder to a Permitted Transferee in accordance with the provisions of and subject to the limitations set forth in the Articles.
Unless otherwise noted in the applicable Joinder Agreement, each Permitted Transferee shall be deemed a Holder.

 

     

     

    

 

5.5          Entire
Agreement; Amendment and Waiver. This Agreement and the Schedules hereto constitute the full and entire understanding and agreement
between the parties with regard to the subject matters hereof and thereof and supersede all prior agreements and understandings, both
oral and written between the parties with respect to the subject matters of this Agreement, including the Previous Agreements. Any term
of this Agreement may be amended and the observance of any term hereof may be waived (either prospectively or retroactively and either
generally or in a particular instance) only with the written consent of the Company and the Holders of at least 65% of the Registrable
Shares held by the Holders (voting together as a single class or by consent of such required majority); provided that, in
the event any such amendment or waiver would by its terms be disproportionate and adverse to the rights or obligations of the EDNCU Holder
or Catalyst, the prior written consent of the EDNCU Holder or Catalyst, as the case may be, will also be required.

 

5.6          Notices, etc.
All notices and other communications required or permitted hereunder to be given to a party to this Agreement shall be in writing and
shall be telecopied or mailed by registered mail, postage prepaid, or prepaid air courier, or otherwise delivered by hand or by messenger,
addressed to such party's address as set forth below:

 

	If to the Company:	
    SatixFy Communications Ltd.

    12 Hamada St.,

    Rehovot, 7670315

    Israel

    Attention:Yoav Leibovitch

    Email:   yoav@satixfy.com

     

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

     

    Davis Polk & Wardwell LLP

    450 Lexington Avenue

    New York NY 10017

    Attention: Lee Hochbaum

    Brian Wolfe

    Michael Kaplan

    Email: lee.hochbaum@davispolk.com

    brian.wolfe@davispolk.com

    michael.kaplan@davispolk.com

     

    and

     

    Gross & Co.

    132 Derech Menachem Begin St.

    1 Azrieli Center, Round Building

    Tel Aviv 6701101

    Israel

    Attention: Richard J. Mann

    Email:rick@gkh-law.com

     

     

	If to the Holders:	
    To the addresses set forth on Exhibit B.

 

     

     

    

 

or such other address with respect to a party
as such party shall notify each other party in writing as above provided. Any notice sent in accordance with this Section 5.6 shall
be effective (i) if mailed, five (5) business days after mailing, (ii) if by air courier, two (2) business days after
delivery to the courier service, (iii) if sent by messenger, upon delivery, and (iv) if sent via facsimile or by email, upon
transmission and, in the event of facsimile transmission, electronic confirmation of receipt or (if transmitted and received on a non-business
day) on the first business day following transmission and, in the event of email transmission, in the absence of any reply indicating
failure of delivery of the email. All communications shall also be sent by email.

 

5.7          Delays
or Omissions. No delay or omission to exercise any right, power, or remedy accruing to any party upon any breach or default under
this Agreement, shall be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent,
or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on the part
of any party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically
set forth in such writing. All remedies, either under this Agreement or by law or otherwise afforded to any of the parties, shall be cumulative
and not alternative.

 

5.8          Severability.
If any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable under applicable law, then such provision
shall be excluded from this Agreement and the remainder of this Agreement shall be interpreted as if such provision were so excluded and
shall be enforceable in accordance with its terms; provided, however, that in such event this Agreement shall
be interpreted so as to give effect, to the greatest extent consistent with and permitted by applicable law, to the meaning and intention
of the excluded provision as determined by such court of competent jurisdiction.

 

5.9          Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and enforceable against the parties
actually executing such counterpart, and all of which together shall constitute one and the same instrument.

 

5.10        Aggregation
of Shares. Registrable Shares held or acquired by affiliated entities or persons shall be aggregated together for the purpose of determining
the availability of any rights under this Agreement.

 

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

 

5.12        Additional
Holders. Notwithstanding anything to the contrary contained herein, (i) if the Company issues additional Ordinary Shares following
the date hereof, whether pursuant to a share purchase agreement or otherwise, any purchaser of such shares and (ii) any holder as
of the date hereof of the Company’s Ordinary Shares that are restricted securities, in each case, may become a party to this Agreement
by executing and delivering an additional counterpart signature page to this Agreement, and thereafter shall be deemed a “Holder”
for all purposes hereunder. No action or consent by the Holders shall be required for such joinder to this Agreement by such additional
Holder, so long as such additional Holder has executed a Joinder Agreement.

 

5.13        PFIC
Information. At the request (and sole cost) of any requesting U.S. shareholders, the Company will use commercially reasonable efforts
to retain a nationally recognized accounting firm to (i) determine whether the Company is a passive foreign investment company (a
 “PFIC”) under Section 1297 of the Internal Revenue Code of 1986, as amended (the “Code”), for
its taxable year that includes the Closing Date or a future taxable year and (ii) if it is, (A) determine whether any of the
Company’s subsidiaries is a PFIC and (B) provide the U.S. shareholder with the information intended to allow such U.S. shareholder
to make a qualified electing fund election under Code Section 1293 with respect to the Company and/or its subsidiaries.

 

5.14        Limitations
on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without the prior written consent
of Catalyst, enter into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder
or prospective holder to have registration rights senior to those held by Catalyst. For the avoidance of doubt, this section shall not
apply to any registration rights provided in connection with the PIPE.

 

[Signature Page to Follow]

 

     

     

    

 

IN WITNESS WHEREOF the parties
have signed this Amended and Restated Shareholders’ Agreement as of the date first hereinabove set forth.

 

	SATIXFY COMMUNICATIONS LTD.	 
	 	 
	 	 
	By:	/s/ Yoel Gat	 
	Name:	Yoel Gat	 
	Title:	Chief Executive Officer	 
	 	 
	 	 
	By:	/s/ Yoav Leibovitch	 
	Name:	Yoav Leibovitch	 
	Title:	Chief Financial Officer	 

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	YOEL GAT	 
	 	 
	/s/ Yoel
    Gat	 

 

[Signature Page to A&R Shareholders’
Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	SIMONA GAT	 
	 	 
	/s/ Simona Gat	 

 

[Signature Page to A&R Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	YOAV LEIBOVITCH	 
	 	 
	/s/ Yoav Leibovitch	 

 

[Signature Page to A&R Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	GARY
    BEGEMAN	 
	 	 
	/s/
    Gary Begeman	 
	 	 
	 	 
	HENRY
    DUBOIS	 
	 	 
	/s/
    Henry Dubois	 
	 	 
	 	 
	MICHAEL
    LEITNER	 
	 	 
	/s/
    Michael Leitner	 
	 	 
	 	 
	HIDEKI
    KATO	 
	 	 
	/s/
    Hideki Kato	 
	 	 
	 	 
	SIMON
    CATHCART	 
	 	 
	/s/
    Simon Cathcart	 
	 	 
	 	 
	MITSUI &
    CO., LTD	 
	 	 
	/s/
    Kazutomi Shigeeda	 
	By:
    Kazutomi Shigeeda	 
	Its:
    General Manager of Space Business Dept.	 

 

[Signature Page to
A&R Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties
have signed this Amended and Restated Shareholders’ Agreement as of the date first hereinabove set forth.

 

ENDURANCE ACQUISITION CORP.

 	By:	/s/ Richard C. Davis	 
	Name:	Richard C. Davis	 
	Title:	Chief Executive Officer	 

 

ENDURANCE ANTARCTICA PARTNERS, LLC

 

	By: ADP Endurance, LLC	 
	Its: Managing Member	 
	 	 	 
	By:	/s/ Chandra R. Patel	 
	Name:	Chandra R. Patel	 
	Title:	Managing Director	 

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	DORON RAINISH	 
	 	 
	/s/ Doron Rainish	 

 

[Signature Page to
A&R Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	JUN XIANG	 
	 	 
	/s/ Jun Xiang	 

 

[Signature Page to
A&R Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	GOLDEN ARIE HIGH TECH INVESTMENTS PTE 	 
	 	 
	By:	/s/ Stephen Margolis	 
	Name: Stephen Margolis	 
	Title: Director	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	GENE KLEINHENDLER 2001 LAW OFFICES LTD. 	 
	 	 
	By:	[Signature illegible]	 
	Name: 	 
	Title: 	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	ZOHAR ZISAPEL	 
	 	 
	/s/ Zohar Zisapel	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	NACHUM HAI 	 
	 	 
	/s/ Nachum Hai	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	MOSES HOLDINGS LLC	 
	 	 
	By:	[Signature illegible]	 
	Name: [Name illegible]	 
	Title: [Title illegible]	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	AMIT GILAT 	 
	 	 
	/s/ Amit Gilat 	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	ST ENGINEERING IDIRECT, INC.	 
	 	 
	/s/ Kevin Steen	 
	Name: Kevin Steen	 
	Title: President and CEO	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	CEL CATALYST COMMUNICATIONS LIMITED 	 
	 	 
	By:	/s/ Yair Shamir	 
	Name: Yair Shamir	 
	Title: Managing Partner	 
	 	 
	By:	/s/ Sheng Yan Fan	 
	Name: Sheng Yan Fan	 
	Title: Managing Partner	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	GLORY VENTURES INVESTMENTS FUND II L.P.	 
	 	 
	By:	/s/ Yang Guang 	 
	Name: Yang Guang	 
	Title: Director	 

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	SIGNAL INTELLIGENCE INTERNATION LIMITED 	 
	 	 
	By: 	/s/ Jinping Wu	 
	Name: Jinping Wu	 
	Title: Director	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	MARK JACOBSEN 	 
	 	 
	/s/ Mark Jacobsen	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

IN WITNESS WHEREOF the parties have signed this Amended and Restated
Shareholders’ Agreement as of the date first hereinabove set forth.

 

	LIQUIDITY CAPITAL II LIMITED PARTNERSHIP	 
	 	 
	By:	/s/ Oshri Harari 	 
	Name: Oshri Harari	 
	Title: COO & GC	 

 

	 	 
	 	 
	By:	/s/ Udi Gvirts 	 
	Name: Udi Gvirts	 
	Title: CFO & Deputy CEO	 

 

[Signature Page to A&R
Shareholders’ Agreement]

 

     

     

    

 

Exhibit A

 

Form of Joinder Agreement

 

[Date]

 

Reference is hereby made
to the Amended and Restated Shareholders’ Agreement, dated March 8, 2022 (the “IRA”), by and between
SatixFy Communications Ltd., a company organized under the laws of the State of Israel (the “Company”), and the
Holders named therein. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms
in the IRA.

 

Pursuant
to Section 2.11 of the IRA, each of the undersigned hereby acknowledges, agrees and confirms that, by its execution of this Joinder
Agreement, it shall be deemed to be a party to the IRA as if it were an original signatory thereto and hereby expressly assumes, and agrees
to perform and discharge, all of the obligations and liabilities of a party thereto as the case may be, under the IRA. All references
in the IRA to the “Holders” or “EDNCU Holder”, as the case may be,
shall hereafter include each of the undersigned and their respective successors, as applicable.

 

Each of the undersigned hereby
agrees to promptly execute and deliver any and all further documents and take such further action as the Company, the Holders or any undersigned
party may reasonably require to effect the purpose of this Joinder Agreement.

 

This Joinder Agreement shall
be governed by and construed according to the laws of the State of New York, without regard to the conflict of laws provisions thereof.
Any legal action or proceeding, whether at law or in equity, whether in contract or in tort or otherwise arising out of or relating to
this Joinder Agreement or the performance hereunder shall be subject to the exclusive jurisdiction of any New York State or United States
Federal court in The City of New York, Borough of Manhattan, and each of the parties hereto hereby irrevocably submits to the exclusive
jurisdiction of such court. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES IRREVOCABLY AND
UNCONDITIONALLY WAIVES ANY RIGHT TO TRIAL BY JURY IN RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION
WITH OR RELATING TO THIS JOINDER AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS JOINDER AGREEMENT.

 

[Signature Pages Follow]

 

    	 	21	 

     

    

 

 

 

IN
WITNESS WHEREOF, the parties hereto have executed this Joinder Agreement as of the date herein above set forth.

 

	The Company:	 
	 	 
	SATIXFY COMMUNICATIONS LTD.	 
	 	 
	 	 
	By:	 
	Title:	 
	 	 
	 	 
	[Permitted Transferees]:	 
	 	 
	 	 	 
	 	 
	[          ]	 
	By:	 	 

 

    	 	22	 

     

    

 

EXHIBIT B

THE HOLDERS; ADDRESSES

 

	Ordinary Shareholders	Address	With a copy to (which shall not constitute a service of process):
	 	 	 
	 	 	 
	 	 	 

 

    23Exhibit
4.4

 

YEXT, INC.

STAND-ALONE INDUCEMENT RESTRICTED STOCK
UNIT AGREEMENT

 

NOTICE OF GRANT OF RESTRICTED STOCK UNIT
AWARD

 

	 	Participant Name:	Michael Walrath

 

Participant has been granted
the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of this Award Agreement, as follows:

 

	 	Date of Grant	March 8, 2022	 
	 	 	 	 
	 	Vesting Commencement Date	March 25, 2022	 
	 	 	 	 
	 	Number of Restricted Stock Units	2,000,000	 

 

Vesting
Schedule:

 

The Restricted Stock
Units will vest as set forth on the attached Vesting Appendix.

 

In the event Participant ceases
to be a Service Provider for any or no reason before Participant vests in the Restricted Stock Units, the Restricted Stock Units and Participant’s
right to acquire any Shares hereunder will immediately terminate.

 

By
Participant’s signature and the signature of the representative of Yext, Inc. (the “Company”) below, Participant
and the Company agree that this Award of Restricted Stock Units is granted under and governed by the terms and conditions of this Award
Agreement.  Participant has reviewed this Award Agreement, including the Vesting Appendix, the Terms and Conditions of Restricted
Stock Unit Award, attached hereto as Exhibit A in their entirety, has had an opportunity
to obtain the advice of counsel prior to executing this Award Agreement and fully understands all provisions of the Award Agreement. 
Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions
relating to the Award Agreement.  Participant further agrees to notify the Company upon any change in the residence address.

 

	PARTICIPANT:	 	Yext, Inc. 
	 	 	 
	 	 	
	Signature	 	By
	 	 	 
	 	 	 
	Print Name	 	Title

 

     

     

    

 

VESTING APPENDIX

 

This Vesting Appendix sets forth the vesting terms for the performance-based
Restricted Stock Units set forth in the Notice of Restricted Stock Unit Grant (the “PSUs”).

 

1.               
Performance Vesting. PSUs become eligible to vest (“Eligible PSUs”)
based upon achievement of the following stock price targets (measured based on the average closing price of a Share for any 30 consecutive
trading day period (“Stock Price Achievement”):

 

·        
Tranche 1: 25% of the PSUs become Eligible PSUs upon Stock Price Achievement that equals or exceeds
$15 (“Hurdle 1”).

 

·        
Tranche 2: 25% of the PSUs become Eligible PSUs upon Stock Price Achievement that equals or exceeds
$17 (“Hurdle 2”).

 

·        
Tranche 3: 25% of the PSUs become Eligible PSUs upon Stock Price Achievement that equals or exceeds
$19 (“Hurdle 3”).

 

·        
Tranche 4: 25% of the PSUs become Eligible PSUs upon Stock Price Achievement that equals or exceeds
$21 (“Hurdle 4”).

 

Each of the tranches eligible
to become Eligible PSUs are referred to herein as a “Tranche,” and each stock price target with respect to a Tranche
is referred to herein as a “Hurdle.” If the Company incurs a change in capitalization as specified in Section 13(a)
of the Terms and Conditions of Restricted Stock Unit Award (for example, a stock-split), then each Hurdle and the Shares subject to the
Award will be proportionately adjusted to account for such change in capitalization.

 

If an applicable Hurdle is
achieved, then achievement related to such Hurdle shall be deemed to occur, and no subsequent stock price decrease will have any effect
on a previous achievement.

 

All determinations regarding
Stock Price Achievement shall be made on the date on which the Administrator approves such achievement (either in a meeting or through
written consent) (such date, the “Certification Date”).

 

2.             Time-Based
Vesting. If a Tranche becomes Eligible PSUs, then the Eligible PSUs will vest on the following schedule:

 

The
Eligible PSUs of the applicable earned Tranche will vest quarterly in 1/16 increments beginning on June 20, 2022 and thereafter on each
subsequent Quarterly Vesting Date, subject to Participant continuing to be a Service Provider through each vesting date. 

 

The
Company’s “Quarterly Vesting Dates” are June 20, September 20, December 20 and March 20 of each year. 

 

    -2- 

     

    

 

In
the event Participant ceases to be a Service Provider for any or no reason before Participant vests (e.g., both determination of the applicable
Stock Price Achievement milestone and the first Quarterly Vesting Date thereafter) in any Tranche, the Tranche and Participant’s
right to acquire any Shares hereunder will immediately terminate. 

 

3.                 
Change in Control. If a Change in Control occurs, the following will apply:

 

·        
Any Tranche for which an applicable Hurdle has not been achieved will be forfeited if the applicable
stock price target exceeds the per Share price payable to Company stockholders in the Change in Control (the “Acquisition Price”).

 

·        
Any Tranche that has become Eligible PSUs will have any time-based requirement set forth in Section
2 accelerated on the Change in Control.

 

For
illustrative purposes, if Tranche 1 had been achieved in January 1, 2023, and a Change in Control occurs on July 1, 2023, then
all of Eligible PSUs in Tranche 1 will accelerate and vesting upon the Change in Control.

 

·        
Any Tranche that has not otherwise become Eligible PSUs will vest on the Change in Control (without
any time-based vesting described in Section 2) if the Acquisition Price exceeds the applicable Hurdle.

 

For
illustrative purposes, if no Tranche had become Eligible PSUs prior to a Change in Control, and the Acquisition Price exceeds
$15 per Share, then Hurdle 1 shall be deemed to be achieved on the Change in Control and Tranche 1 will vest on the Change in Control
without any time-based vesting described in Section 2.

 

    -3- 

     

    

 

 

EXHIBIT A

 

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT
AWARD

 

1.            
Definitions. As used herein, the following definitions will apply:

 

(a)              
“Administrator” means the Board or any of its Committees as will be administering the Award Agreement, in accordance
with Section 2.

 

(b)              
“Affiliate” means any entity, other than a Subsidiary, in which the Company has an equity or other ownership
interest.

 

(c)              
“Applicable Laws” means the requirements relating to the administration of equity-based awards under U.S. state
corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is
listed or quoted and the applicable laws of any foreign country or jurisdiction that may apply to this Award.

 

(d)              
“Award” means this award of Restricted Stock Units.

 

(e)              
“Award Agreement” means this Stand-Alone Inducement Restricted Stock Unit Agreement evidencing this Award.

 

(f)               
“Board” means the Board of Directors of the Company.

 

(g)              
“Change in Control” has the meaning ascribed to such term in the Company’s 2016 Equity Incentive Plan.

 

(h)              
“Code” means the Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code or regulation
thereunder will include such section or regulation, any valid regulation promulgated under such section, and any comparable provision
of any future legislation or regulation amending, supplementing, or superseding such section or regulation.

 

(i)                
“Committee” means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the
Board, or a duly authorized committee of the Board, in accordance with Section 2 hereof.

 

(j)                
“Common Stock” means the common stock of the Company.

 

(k)              
“Company” means Yext, Inc., a Delaware corporation, or any successor thereto.

 

(l)                 “Consultant”
means any natural person, including an advisor, engaged by the Company or a Parent, Subsidiary or Affiliate to render bona fide
services to such entity, provided the services (i) are not in connection with the offer or sale of securities in a
capital-raising transaction, and (ii) do not directly promote or maintain a market for the Company’s securities, in each
case, within the meaning of Form S-8 promulgated under the Securities Act, and provided, further, that a Consultant will include
only those persons to whom the issuance of Shares may be registered under Form S-8 promulgated under the Securities Act.

 

    -4- 

     

    

 

(m)            
“Director” means a member of the Board.

 

(n)              
“Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code, provided
that the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and
non-discriminatory standards adopted by the Administrator from time to time.

 

(o)              
“Employee” means any person, including Officers and Directors, providing services as an employee of the Company
or any Parent, Subsidiary or Affiliate of the Company. Neither service as a Director nor payment of a director’s fee by the Company
will be sufficient to constitute “employment” by the Company.

 

(p)              
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

(q)              
“Fair Market Value” means, as of any date, the value of Common Stock determined as follows:

 

(i)           
If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the New York
Stock Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market or the NASDAQ Capital Market of The NASDAQ Stock Market, its
Fair Market Value will be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such
exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems
reliable;

 

(ii)           
If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value
of a Share will be the mean between the high bid and low asked prices for the Common Stock on the date of determination (or, if no bids
and asks were reported on that date, as applicable, on the last trading date such bids and asks were reported), as reported in The Wall
Street Journal or such other source as the Administrator deems reliable; or

 

(iii)           
In the absence of an established market for the Common Stock, the Fair Market Value will be determined in good faith by the Administrator.

 

(r)               
“Fiscal Year” means the fiscal year of the Company.

 

(s)               
“Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange
Act and the rules and regulations promulgated thereunder.

 

(t)                
“Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of
the Code.

 

    -5- 

     

    

 

(u)              
 “Participant” means the person named in the Notice of Grant or such person’s successor.

 

(v)              
“Restricted Stock Unit” means a bookkeeping entry representing an amount equal to the Fair Market Value of one
Share. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

 

(w)            
“Rule 16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion
is being exercised with respect to the Award Agreement.

 

(x)              
“Securities Act” means the Securities Act of 1933, as amended.

 

(y)              
“Section 409A” means Section 409A of the Code and the final regulations and any guidance promulgated thereunder,
as may be amended from time to time.

 

(z)              
“Service Provider” means an Employee, Director, or Consultant.

 

(aa)           
“Share” means a share of the Common Stock, as adjusted in accordance with Section 13.

 

(bb)          
“Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in
Section 424(f) of the Code.

 

2.              Administration.

 

(a)              
Procedure.

 

(i)           
Rule 16b-3. To the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3, the transactions contemplated
hereunder will be structured to satisfy the requirements for exemption under Rule 16b-3.

 

(ii)           
Other Administration. Other than as provided above, the Award Agreement will be administered by (A) the Board or (B) a
Committee, which committee will be constituted to satisfy Applicable Laws.

 

(b)              
Powers of the Administrator. Subject to the provisions of the Award Agreement, and in the case of a Committee, subject to
the specific duties delegated by the Board to such Committee, the Administrator will have the authority, in its discretion:

 

(i)           
to determine the Fair Market Value;

 

(ii)           
to construe and interpret the terms of the Award and the Award Agreement;

 

(iii)           
to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted
by the Administrator; and

 

(iv)           
to make all other determinations deemed necessary or advisable for administering the Award and the Award Agreement.

 

 

    -6- 

     

    

 

(c)              
 Effect of Administrator’s Decision. The Administrator’s decisions, determinations, and interpretations
will be final and binding on the Participant and will be given the maximum deference permitted by Applicable Laws.

 

3.            Grant.
The Company hereby grants to the individual named in the Notice of Grant (the “Participant”) an Award of Restricted
Stock Units, subject to all of the terms and conditions in this Award Agreement. The Award is intended to qualify as an employment inducement
grant under NYSE Listing Rule 303A.08.

 

4.            Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests.
Unless and until the Restricted Stock Units will have vested in the manner set forth in Sections 5 or 6, Participant will have no
right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock
Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Any
Restricted Stock Units that vest in accordance with Sections 5 or 6 will be paid to Participant (or in the event of Participant’s
death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth
in Section 10. Subject to the provisions of Section 6, such vested Restricted Stock Units shall be paid in whole Shares as soon as practicable
after vesting, but in each such case within the period sixty (60) days following the vesting date. In no event will Participant be permitted,
directly or indirectly, to specify the taxable year of the payment of any Restricted Stock Units payable under this Award Agreement.

 

5.             Vesting
Schedule. Except as provided in Section 6, and subject to Section 8, the Restricted Stock Units awarded by this Award Agreement will
vest in accordance with the vesting provisions set forth in the Notice of Grant. Restricted Stock Units scheduled to vest on a certain
date or upon the occurrence of a certain condition will not vest in accordance with any of the provisions of this Award Agreement, unless
Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs.

 

6.             Administrator
Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance,
of the unvested Restricted Stock Units at any time, subject to the terms of the Award Agreement. If so accelerated, such Restricted Stock
Units will be considered as having vested as of the date specified by the Administrator. The payment of Shares vesting pursuant to this
Section 6 shall in all cases be paid at a time or in a manner that is exempt from, or complies with, Section 409A.

 

Notwithstanding
anything in this Award Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of
the Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that
such termination is a “separation from service” within the meaning of Section 409A, as determined by the Company), other
than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the
time of such termination as a Service Provider and (y) the payment of such accelerated Restricted Stock Units will result in the
imposition of additional tax under Section 409A if paid to Participant on or within the six (6)-month period following
Participant’s termination as a Service Provider, then the payment of such accelerated Restricted Stock Units will not be made
until the date six (6) months and one (1) day following the date of Participant’s termination as a Service Provider,
unless Participant dies following his or her termination as a Service Provider, in which case, the Restricted Stock Units will be
paid in Shares to Participant’s estate as soon as practicable following his or her death. It is the intent of this Award
Agreement that it and all payments and benefits hereunder be exempt from, or comply with, the requirements of Section 409A so that
none of the Restricted Stock Units provided under this Award Agreement or Shares issuable thereunder will be subject to the
additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to be so exempt or so comply. Each payment
payable under this Award Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section
1.409A-2(b)(2). For purposes of this Award Agreement, “Section 409A” means Section 409A of the Code, and any final
Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time.

 

    -7-

     

    

 

7.             Leaves of Absence/Transfer Between Locations. Unless the Administrator provides otherwise, vesting of the Award will be
suspended during any unpaid leave of absence. The Participant will not cease to be an Employee in the case of (i) any leave of absence
approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary.

 

8.             Forfeiture
upon Termination of Status as a Service Provider. Notwithstanding any contrary provision of this Award Agreement, the balance of
the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no
reason and Participant’s right to acquire any Shares hereunder will immediately terminate.

 

9.             Death of Participant. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant
is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator
or executor of Participant’s estate. Any such transferee must furnish the Company with (i) written notice of his or her status
as transferee, and (ii) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws
or regulations pertaining to said transfer.

 

10.           Withholding
of Taxes. Notwithstanding any contrary provision of this Award Agreement, no certificate representing the Shares will be issued
to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant
with respect to the payment of income, employment, social insurance, payroll and other taxes which the Company determines must be
withheld with respect to such Shares. Prior to vesting and/or settlement of the Restricted Stock Units, Participant will pay or make
adequate arrangements satisfactory to the Company and/or Participant’s employer (the “Employer”) to satisfy
all withholding and payment obligations of the Company and/or the Employer. In this regard, Participant authorizes the Company
and/or the Employer to withhold all applicable tax withholding obligations legally payable by Participant from his or her wages or
other cash compensation paid to Participant by the Company and/or the Employer or from proceeds of the sale of Shares.
Alternatively, or in addition, if permissible under applicable local law, the Administrator, in its sole discretion and pursuant to
such procedures as it may specify from time to time, may permit or require Participant to satisfy such tax withholding obligation,
in whole or in part (without limitation) by (a) paying cash, (b) electing to have the Company withhold otherwise
deliverable Shares having a Fair Market Value equal to the minimum amount required to be withheld, (c) delivering to the
Company already vested and owned Shares having a Fair Market Value equal to the amount required to be withheld, or (d) selling
a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may determine in its sole
discretion (whether through a broker or otherwise) equal to the amount required to be withheld (a “sell-to-cover”). To
the extent determined appropriate by the Company in its discretion, it will have the right (but not the obligation) to satisfy any
tax withholding obligations by reducing the number of Shares otherwise deliverable to Participant. Unless otherwise determined by
the Administrator, tax withholding obligations will be satisfied through a sell-to-cover. If Participant fails to make satisfactory
arrangements for the payment of any required tax withholding obligations hereunder at the time any applicable Restricted Stock Units
otherwise are scheduled to vest or tax withholding obligations related to Restricted Stock Units otherwise are due, Participant will
permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be
returned to the Company at no cost to the Company.

 

    -8-

     

    

 

11.          
Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any of the rights
or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing
such Shares will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant.
After such issuance, recordation, and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting
such Shares and receipt of dividends and distributions on such Shares.

 

12.           No
Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE
VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING
OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES
HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING
SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING
PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE
PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME,
WITH OR WITHOUT CAUSE.

 

13.           Adjustments; Dissolution or Liquidation; Change in Control.

 

(a)               Adjustments.
In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property),
recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company
affecting the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits
intended to be made available under the Award Agreement, will adjust the number and class of Shares covered by the Award.

 

    -9-

     

    

 

(b)              
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will
notify each Participant as soon as practicable prior to the effective date of such proposed transaction. The Award will terminate immediately
prior to the consummation of such proposed action.

 

(c)              
Change in Control. Except as set forth in this Section 13(c), in the event of a merger of the Company with or into
another corporation or other entity or a Change in Control, the Award will be treated as the Administrator determines, including, without
limitation, that the Award may be assumed, or a substantially equivalent award will be substituted, by the acquiring or succeeding corporation
(or an affiliate thereof) with appropriate adjustments as to the number and kind of shares. In taking any of the actions permitted under
this, the Administrator will not be required to treat the Award in a manner similar to the treatment of any other award in the transaction.

 

14.          
Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to
the Company at Yext, Inc., 61 9th Avenue, New York, New York 10011, or at such other address as the Company may hereafter designate
in writing.

 

15.           Award
is Not Transferable. Except to the limited extent provided in Section 9, this Award and the rights and privileges conferred
hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not
be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise
dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar
process, this Award and the rights and privileges conferred hereby immediately will become null and void.

 

16.           Binding
Agreement. Subject to the limitation on the transferability of this Award contained herein, this Award Agreement will be binding
upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.

 

17.           Conditions
Upon Issuance of Shares.

 

(a)              
Legal Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the
issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company
with respect to such compliance.

 

(b)              
Investment Representations. As a condition to the exercise of an Award, the Company may require the person exercising such
Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any
present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required.

 

    -10-

     

    

 

(c)              
 Additional Conditions to Issuance of Stock. If at any time the Company will determine, in its discretion, that the listing,
registration, qualification or rule compliance of the Shares upon any securities exchange or under any state, federal or foreign law,
the tax code and related regulations or the consent or approval of any governmental regulatory authority is necessary or desirable as
a condition to the issuance of Shares to Participant (or his or her estate) hereunder, such issuance will not occur unless and until such
listing, registration, qualification, rule compliance, consent or approval will have been completed, effected or obtained free of any
conditions not acceptable to the Company. Where the Company determines that the delivery of the payment of any Shares will violate federal
securities laws or other applicable laws, the Company will defer delivery until the earliest date at which the Company reasonably anticipates
that the delivery of Shares will no longer cause such violation. The Company will make all reasonable efforts to meet the requirements
of any such state, federal, or foreign law or securities exchange and to obtain any such consent or approval of any such governmental
authority or securities exchange.

 

(d)              
Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction
or to complete or comply with the requirements of any registration or other qualification of the Shares under any state, federal or foreign
law or under the rules and regulations of the Securities and Exchange Commission, the stock exchange on which Shares of the same class
are then listed, or any other governmental or regulatory body, which authority, registration, qualification or rule compliance is deemed
by the Company’s counsel to be necessary or advisable for the issuance and sale of any Shares hereunder, will relieve the Company
of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority, registration, qualification
or rule compliance will not have been obtained.

 

18.           Administrator
Authority. The Administrator will have the power to interpret this Award Agreement and to adopt such rules for the administration,
interpretation and application of the Award Agreement as are consistent therewith and to interpret or revoke any such rules (including,
but not limited to, the determination of whether or not any Restricted Stock Units have vested). All actions taken and all interpretations
and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested
persons. No member of the Administrator will be personally liable for any action, determination, or interpretation made in good faith
with respect to this Award Agreement.

 

19.          
Electronic Delivery. Participant agrees that the Company may deliver by electronic means all documents relating to the Restricted
Stock Units (including, without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that
the Company is required to deliver to its security holders (including, without limitation, annual reports and proxy statements). Participant
also agrees that the Company may deliver these documents by posting them on a web site maintained by the Company or by a third party under
contract with the Company. If the Company posts these documents on a web site, it will notify Participant by electronic means.

 

20.           Captions.
Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Award Agreement.

 

    -11-

     

    

 

21.           Agreement Severable. In the event that any provision in this Award Agreement will be held invalid or unenforceable, such
provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining
provisions of this Award Agreement.

 

22.           Modifications to the Award Agreement. This Award Agreement constitutes the entire understanding of the parties on the subjects
covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations,
or inducements other than those contained herein. Modifications to this Award Agreement can be made only in an express written contract
executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in this Award Agreement, the Company reserves
the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant,
to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection
to this Award.

 

23.          
Governing Law and Venue. This Award Agreement will be governed by the laws of New York, without giving effect to the conflict
of law principles thereof. For purposes of litigating any dispute that arises under this Award or this Award Agreement, the parties hereby
submit to and consent to the jurisdiction of the State of New York, and agree that such litigation will be conducted in the courts
of New York County, New York, or the federal courts for the United States for the Southern District of New York, and no other courts,
where this Award is made and/or to be performed.

 

24.           Waiver. Participant acknowledges that a waiver by the Company of breach of any provision of this Award Agreement shall not
operate or be construed as a waiver of any other provision of this Award Agreement, or of any subsequent breach by the Participant.

 

    -12-

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