Document:

Document

Exhibit 4.2
DESCRIPTION OF SECURITIES

As of September 30, 2022, Golub Capital Direct Lending Corporation, a Maryland corporation (“we,” “our,” “us” or the “Company”), had one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): our common stock, par value $0.001 per share.

For purposes of this exhibit, references to “we,” “our” and “us” refer only to Golub Capital Direct Lending Corporation and not to any of its current or future subsidiaries and references to “subsidiaries” refer only to consolidated subsidiaries of and exclude any investments held by Golub Capital Direct Lending Corporation in the ordinary course of business which are not, under GAAP, consolidated on the financial statements of Golub Capital Direct Lending Corporation and its subsidiaries.
 
Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Annual Report on Form 10-K to which this Description of Securities is attached as an exhibit.
    
The following description is based on relevant portions of the Maryland General Corporation Law (the “MGCL”) and on our charter and bylaws, each of which is filed as an exhibit to our Annual Report on Form 10-K of which this Exhibit 4.2 is a part. This summary is not necessarily complete, and we refer you to the MGCL and our charter and bylaws for a more detailed description of the provisions summarized below.

Capital Stock

Our authorized stock consists of 200,000,000 shares of common stock, par value $0.001 per share, and 1,000,000 shares of preferred stock, par value $0.001 per share. There is currently no market for our common stock, and we can offer no assurances that a market for our shares will develop in the future. There are no outstanding options or warrants to purchase our stock. No stock has been authorized for issuance under any equity compensation plans. Under Maryland law, our stockholders generally are not personally liable for our debts or obligations.
 
The following are our outstanding classes of securities as of September 30, 2022:
 
																																							
	(1) Title of Class	 	(2) Amount
Authorized	 	 	(3) Amount Held
by us or for Our
Account	 	 	(4) Amount
Outstanding
Exclusive of
Amounts Shown
Under (3)	 
	Common Stock	 	 	200,000,000	 	 	 	—	 	 	 	9,066,482.048 		 
	Preferred Stock	 	 	1,000,000	 	 	 	—	 	 	 	—	 

 
Under our charter, our board of directors is authorized to classify and reclassify any unissued shares of stock into other classes or series of stock and authorize the issuance of shares of stock without obtaining stockholder approval. As permitted by the MGCL, our charter provides that our board of directors, without any action by our stockholders, can amend the charter from time to time to increase or decrease the aggregate number of shares of stock or the number of shares of stock of any class or series that we have authority to issue.
 
All shares of our common stock have equal rights as to earnings, assets, dividends and other distributions and voting and, when they are issued, will be duly authorized, validly issued, fully paid and nonassessable. Distributions are paid to the holders of our common stock if, as and when authorized by our board of directors and declared by us out of assets legally available therefor. Shares of our common stock have no preemptive, exchange, conversion or redemption rights and are freely transferable, except when their transfer is restricted by federal and state securities laws or by contract. In the event of our liquidation, dissolution or winding up, each share of our common stock would be entitled to share ratably in all of our assets that are legally available for distribution after we pay all debts 
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and other liabilities and subject to any preferential rights of holders of our preferred stock, if any preferred stock is outstanding at such time. Each share of our common stock is entitled to one vote on all matters submitted to a vote of stockholders, including the election of directors. Except as provided with respect to any other class or series of stock, the holders of our common stock will possess exclusive voting power. There is no cumulative voting in the election of directors, which means that holders of a majority of the outstanding shares of common stock can elect all of our directors, and holders of less than a majority of such shares will not be able to elect any directors.
 
Transfer and Resale Restrictions
 
We have sold and continue to offer shares of our common stock in a private placement in the United States under the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) and Regulation D promulgated thereunder, Regulation S under the Securities Act and other exemptions from the registration requirements of the Securities Act. Investors who acquire shares of our common stock in our private placement are required to complete, execute and deliver a subscription agreement and related documentation, which includes customary representations and warranties, certain covenants and restrictions and indemnification provisions. Additionally, such investors could be required to provide due diligence information for compliance with certain legal requirements. We, from time to time, engage placement or distribution agents and incur placement or distribution fees or sales commissions in connection with the private placement of our common stock in certain jurisdictions outside the United States. The cost of any such placement or distribution fees could be borne by an affiliate of the Adviser. We will not incur any such fees or commissions if our net proceeds received upon a sale of our common stock after such costs would be less than the net asset value per share of our common stock.

Prior to a Liquidity Event (as defined below), no transfer of capital commitments of investors in the private placement of our common stock or all or any portion of our investors’ shares of our common stock can be made without (a) registration of the transfer on our books and (b) our prior written consent. In any event, our consent can be withheld (1) if the creditworthiness of the proposed transferee, as determined by us in our sole discretion, is not sufficient to satisfy all obligations under the applicable subscription agreement or (2) unless, in the opinion of counsel satisfactory in form and substance to us:

•such transfer would not violate the Securities Act or any state (or other jurisdiction) securities or “blue sky” laws applicable to us or the shares to be transferred; and

•in the case of a transfer to:

◦an “employee benefit plan” as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), that is subject to ERISA;
◦a “plan” described in Section 4975(e)(1) of the Code, that is subject to Section 4975 of the Code;
◦an entity that is, or is deemed to be, using (for purposes of ERISA or Section 4975 of the Code) “plan assets” to purchase or hold its investments; or
◦a person (including an entity) that has discretionary authority or control with respect to our assets or a person who provides investment advice with respect to our assets or an “affiliate” of such person,

such transfer would not be a “prohibited transaction” under ERISA or Section 4975 of the Code or cause all or any portion of our assets to constitute “plan assets” under ERISA or Section 4975 of the Code.

A “Liquidity Event” is defined as any of the following: (1) an initial public offering of our common stock or the listing of shares of our common stock on a national securities exchange or (2) a sale of all or substantially all of our assets to, or other liquidity event with, an entity for consideration of either cash and/or publicly listed securities of the acquirer, which potential acquirers may include business development companies, including business development companies affiliated with the Adviser, and entities that are not business development companies.

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In addition, prior to a registration of our shares sufficient to cause us to treat our shares as a “publicly-offered security” for purposes of the Plan Assets Regulation, we intend to limit investment by certain benefit plan investors so as to attempt to avoid our assets from being deemed to be “plan assets” for purposes of ERISA or Section 4975 of Internal Revenue Code of 1986, as amended (the “Code”).  We can reject any transfer of shares if such transfer could (i) cause all or any portion of the assets of the company to constitute “plan assets” under ERISA or Section 4975 of the Code or (ii) constitute or result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code, or a non-exempt violation of any law that is substantially similar to the prohibited transaction provisions of ERISA or Section 4975 of the Code.

Any person that acquires shares of our common stock in a transfer permitted under a subscription agreement is obligated to pay to us the appropriate portion of any amounts thereafter becoming due in respect of the capital commitment committed to be made by its predecessor in interest. An investor will remain liable for their capital commitments prior to the time, if any, when the purchaser, assignee or transferee of such shares, or fraction thereof, becomes a holder of such shares.

Furthermore, should there be an initial public offering of our common stock or listing of our common stock on a national securities exchange, holders of our common stock will be subject to lock-up restrictions pursuant to which they will be prohibited from selling shares of our common stock for a minimum of 180 days after the pricing of such initial public offering or the listing. The specific terms of this restriction and any other limitations on the sale of our common stock in connection with or following an initial public offering will be agreed in advance between our board of directors and the Adviser, acting on behalf of our investors, and the underwriters of the initial public offering or other similar institutions, acting on our behalf, in connection with a listing.
  
Provisions of the MGCL and Our Charter and Bylaws
 
Limitation on Liability of Directors and Officers; Indemnification and Advance of Expenses
 
The MGCL permits a Maryland corporation to include in its charter a provision limiting the liability of its directors and officers to the corporation and its stockholders for money damages except for liability resulting from (a) actual receipt of an improper benefit or profit in money, property or services or (b) active and deliberate dishonesty established by a final judgment as being material to the cause of action. Our charter contains such a provision which eliminates directors’ and officers’ liability to the maximum extent permitted by Maryland law, subject to the requirements of the Investment Company Act of 1940, as amended (the “1940 Act”).
 
Our charter authorizes us, to the maximum extent permitted by the MGCL and subject to the requirements of the 1940 Act, to obligate us to indemnify, and to pay or reimburse reasonable expenses in advance of final disposition of a proceeding to, any present or former director or officer or any individual who, while a director or officer and at our request, serves or has served another corporation, partnership, joint venture, limited liability company, trust, employee benefit plan, or other enterprise as a director, officer, partner, member, manager or trustee, from and against any claim or liability to which that person could become subject or which that person incurs by reason of his or her service in any such capacity and to pay or reimburse their reasonable expenses in advance of final disposition of a proceeding.
 
Our bylaws obligate us, to the maximum extent permitted by the MGCL and subject to the requirements of the 1940 Act, to indemnify any present or former director or officer or any individual who, while a director or officer and at our request, serves or has served another corporation, partnership, joint venture, limited liability company, trust, employee benefit plan or other enterprise as a director, officer, partner, member, manager or trustee and who is made, or threatened to be made, a party to a proceeding by reason of his or her service in any such capacity from and against any claim or liability to which that person becomes subject or which that person incurs by reason of his or her service in any such capacity and, without requiring a preliminary determination of the ultimate entitlement to indemnification to pay or reimburse their reasonable expenses in advance of final disposition of a proceeding. Our charter and bylaws also permit us to indemnify and advance expenses to any person who served a predecessor of us in any of the capacities described above and any of our employees or agents or any employees or agents of our 
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predecessor. In accordance with the 1940 Act, we will not indemnify any person for any liability to which such person would be subject by reason of such person’s willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office.
 
The MGCL requires a corporation (unless its charter provides otherwise, which our charter does not) to indemnify a director or officer who has been successful, on the merits or otherwise, in the defense of any proceeding to which he or she is made, or threatened to be made, a party by reason of his or her service in that capacity. The MGCL permits a corporation to indemnify its present and former directors and officers, among others, against judgments, penalties, fines, settlements and reasonable expenses actually incurred by them in connection with any proceeding to which they can be made, or threatened to be made, a party by reason of their service in those or other capacities unless it is established that (a) the act or omission of the director or officer was material to the matter giving rise to the proceeding and (1) was committed in bad faith or (2) was the result of active and deliberate dishonesty, (b) the director or officer actually received an improper personal benefit in money, property or services or (c) in the case of any criminal proceeding, the director or officer had reasonable cause to believe that the act or omission was unlawful. However, under the MGCL, a Maryland corporation cannot indemnify for an adverse judgment in a suit by or in the right of the corporation or for a judgment of liability on the basis that a personal benefit was improperly received unless, in either case, a court orders indemnification, and then only for expenses. In addition, the MGCL permits a corporation to advance reasonable expenses to a director or officer upon the corporation’s receipt of (a) a written affirmation by the director or officer of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification by the corporation and (b) a written undertaking by him or her or on his or her behalf to repay the amount paid or reimbursed by the corporation if it is ultimately determined that the standard of conduct was not met.
 
Election of Directors
 
Our bylaws provide that the affirmative vote of a majority of the total votes cast “for” or “against” a nominee for director at a duly called meeting of stockholders at which a quorum is present is required to elect a director in an uncontested election. In a contested election, directors are elected by a plurality of the votes cast at a meeting of stockholders duly called and at which is a quorum is present. Under our bylaws, our board of directors is able to amend the bylaws to alter the vote required to elect directors.
 
Classified Board of Directors
 
Our board of directors is divided into three classes of directors serving staggered three-year terms, with the term of office of only one of the three classes expiring each year. At each annual meeting of stockholders, directors of the class of directors whose term expires at such meeting will be elected to hold office for a term expiring at the third succeeding annual meeting of stockholders following the meeting at which they were elected and until their successors are duly elected and qualified. A classified board can render a change in control of us or removal of our incumbent management more difficult. We believe, however, that the longer time required to elect a majority of a classified board of directors helps to ensure the continuity and stability of our management and policies.
 
Number of Directors; Removal; Vacancies
 
Our charter and bylaws provide that the number of directors will be set only by the board of directors. Our bylaws provide that a majority of our entire board of directors can at any time increase or decrease the number of directors. However, unless our bylaws are amended, the number of directors can never be less than the minimum number required by the MGCL nor more than 12. We have elected to be subject to the provision of Subtitle 8 of Title 3 of the MGCL regarding the filling of vacancies on the board of directors. Accordingly, except as provided by the board of directors in setting the terms of any class or series of preferred stock, any and all vacancies on the board of directors, including a vacancy resulting from an enlargement of the board of directors, can be filled only by vote of a majority of the directors then in office, even if the remaining directors do not constitute a quorum, and any director elected to fill a vacancy will serve for the remainder of the full term of the directorship in which the vacancy occurred and until a successor is elected and qualifies, subject to any applicable requirements of the 1940 Act. Our charter provides that a director can be removed only for cause, as defined in our charter, and then only by the 
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affirmative vote of at least two-thirds of the votes entitled to be cast in the election of directors. The limitations on the ability of our stockholders to remove directors and fill vacancies could make it more difficult for a third-party to acquire, or discourage a third-party from seeking to acquire, control of us.

Action by Stockholders
 
Under the MGCL, stockholder action can be taken only at an annual or special meeting of stockholders or by unanimous written consent in lieu of a meeting (unless the charter provides for stockholder action by less than unanimous consent, which our charter does not). These provisions, combined with the requirements of our bylaws regarding the calling of a stockholder-requested meeting of stockholders discussed below, can have the effect of delaying consideration of a stockholder proposal until the next annual meeting.
 
Advance Notice Provisions for Stockholder Nominations and Stockholder Proposals
 
Our bylaws provide that with respect to an annual meeting of stockholders, nominations of persons for election to the board of directors and the proposal of business to be considered by stockholders can be made only (1) by or at the direction of the board of directors, (2) pursuant to our notice of meeting or (3) by a stockholder who was a stockholder of record at the time of provision of notice, at the record date and at the time of the meeting, who is entitled to vote at the meeting and who has complied with the advance notice procedures of the bylaws. With respect to special meetings of stockholders, only the business specified in our notice of the meeting can be brought before the meeting. Nominations of persons for election to the board of directors at a special meeting can be made only (1) by or at the direction of the board of directors or (2) provided that the special meeting has been called in accordance with our bylaws for the purposes of electing directors, by a stockholder who was a stockholder of record at the time of provision of notice, at the record date and at the time of the meeting, who is entitled to vote at the meeting and who has complied with the advance notice provisions of the bylaws.
 
The purpose of requiring stockholders to give us advance notice of nominations and other business is to afford our board of directors a meaningful opportunity to consider the qualifications of the proposed nominees and the advisability of any other proposed business and, to the extent deemed necessary or desirable by our board of directors, to inform stockholders and make recommendations about such qualifications or business, as well as to provide a more orderly procedure for conducting meetings of stockholders. Although our bylaws do not give our board of directors any power to disapprove stockholder nominations for the election of directors or proposals recommending certain action, they could have the effect of precluding a contest for the election of directors or the consideration of stockholder proposals if proper procedures are not followed and of discouraging or deterring a third party from conducting a solicitation of proxies to elect its own slate of directors or to approve its own proposal without regard to whether consideration of such nominees or proposals might be harmful or beneficial to us and our stockholders.
 
Calling of Special Meetings of Stockholders
 
Our bylaws provide that special meetings of stockholders can be called by our board of directors and certain of our officers. Additionally, our bylaws provide that, subject to the satisfaction of certain procedural and informational requirements by the stockholders requesting the meeting, a special meeting of stockholders will be called by the secretary of the corporation upon the written request of stockholders entitled to cast not less than a majority of all the votes entitled to be cast at such meeting.
 
Approval of Extraordinary Corporate Action; Amendment of Charter and Bylaws
 
Under the MGCL, a Maryland corporation generally cannot dissolve, amend its charter, merge, convert, transfer all or substantially all of its assets, engage in a share exchange, consolidate or engage in similar transactions outside the ordinary course of business, unless the action is declared advisable by the board of directors and approved by the affirmative vote of stockholders entitled to cast at least two-thirds of the votes entitled to be cast on the matter. However, a Maryland corporation can provide in its charter for approval of these matters by a lesser percentage, but not less than a majority of all the votes entitled to be cast on the matter. Our charter provides for approval of these 
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matters, by the affirmative vote of the holders of a majority of the total number of shares entitled to vote on the matter.
 
Our bylaws provide that the board of directors will have the exclusive power to adopt, alter or repeal any provision of our bylaws and to make new bylaws.

No Appraisal Rights
 
Except with respect to appraisal rights arising in connection with the Maryland Control Share Acquisition Act discussed below, as permitted by the MGCL, our charter provides that stockholders will not be entitled to exercise appraisal rights.
 
Control Share Acquisitions
 
The Control Share Acquisition Act provides that control shares of a Maryland corporation acquired in a control share acquisition have no voting rights except to the extent approved by a vote of two-thirds of the votes entitled to be cast on the matter. Shares owned by the acquirer, by officers or by directors who are employees of the corporation are excluded from shares entitled to vote on the matter. Control shares are voting shares of stock which, if aggregated with all other shares of stock owned by the acquirer or in respect of which the acquirer is able to exercise or direct the exercise of voting power (except solely by virtue of a revocable proxy), would entitle the acquirer to exercise voting power in electing directors within one of the following ranges of voting power:
 
									
	 	•	one-tenth or more but less than one-third;

 
									
	 	•	one-third or more but less than a majority; or

 
									
	 	•	a majority or more of all voting power.

 
The requisite stockholder approval must be obtained each time an acquirer crosses one of the thresholds of voting power set forth above. Control shares do not include shares the acquiring person is then entitled to vote as a result of having previously obtained stockholder approval. A control share acquisition means the acquisition of control shares, subject to certain exceptions.
 
A person who has made or proposes to make a control share acquisition can compel the board of directors of the corporation to call a special meeting of stockholders to be held within 50 days of demand to consider the voting rights of the shares. The right to compel the calling of a special meeting is subject to the satisfaction of certain conditions, including an undertaking to pay the expenses of the meeting. If no request for a meeting is made, the corporation can itself present the question at any stockholders meeting.
 
If voting rights are not approved at the meeting or if the acquiring person does not deliver an acquiring person statement as required by the statute, then the corporation can repurchase for fair value any or all of the control shares, except those for which voting rights have previously been approved. The right of the corporation to repurchase control shares is subject to certain conditions and limitations, including, as provided in our bylaws, compliance with the 1940 Act. Fair value is determined, without regard to the absence of voting rights for the control shares, as of the date of the last control share acquisition by the acquirer or of any meeting of stockholders at which the voting rights of the shares are considered and not approved. If voting rights for control shares are approved at a stockholders meeting and the acquirer becomes entitled to vote a majority of the shares entitled to vote, all other stockholders can exercise appraisal rights. The fair value of the shares as determined for purposes of appraisal rights cannot be less than the highest price per share paid by the acquirer in the control share acquisition.
 
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The Control Share Acquisition Act does not apply (a) to shares acquired in a merger, consolidation or share exchange if the corporation is a party to the transaction or (b) to acquisitions approved or exempted by the charter or bylaws of the corporation.
 
Our bylaws contain a provision exempting from the Control Share Acquisition Act any and all acquisitions by any person of our shares of stock. There can be no assurance that such provision will not be amended or eliminated at any time in the future to the extent permitted by the 1940 Act.
 
Business Combinations
 
Under the MGCL, “business combinations” between a Maryland corporation and an interested stockholder or an affiliate of an interested stockholder are prohibited for five years after the most recent date on which the interested stockholder becomes an interested stockholder. These business combinations include a merger, consolidation, share exchange or, in circumstances specified in the statute, an asset transfer or issuance or reclassification of equity securities. An interested stockholder is defined as:
 
									
	 	•	any person who, directly or indirectly, beneficially owns 10% or more of the voting power of the corporation’s shares; or

 
									
	 	•	an affiliate or associate of the corporation who, at any time within the two-year period prior to the date in question, was, directly or indirectly, the beneficial owner of 10% or more of the voting power of the then outstanding voting stock of the corporation.

 
A person is not an interested stockholder under this statute if the board of directors approved in advance the transaction by which he otherwise would have become an interested stockholder. However, in approving a transaction, the board of directors can provide that its approval is subject to compliance, at or after the time of approval, with any terms and conditions determined by the board.
 
After the five-year prohibition, any business combination between the corporation and an interested stockholder generally must be recommended by the board of directors of the corporation and approved by the affirmative vote of at least:
 
									
	 	•	80% of the votes entitled to be cast by holders of outstanding shares of voting stock of the corporation; and

									
	 	•	two-thirds of the votes entitled to be cast by holders of voting stock of the corporation other than shares held by the interested stockholder with whom or with whose affiliate the business combination is to be effected or held by an affiliate or associate of the interested stockholder.

 
These super-majority vote requirements do not apply if the corporation’s common stockholders receive a minimum price, as defined under the MGCL, for their shares in the form of cash or other consideration in the same form as previously paid by the interested stockholder for its shares.
 
The statute permits various exemptions from its provisions, including business combinations that are exempted by the board of directors before the time that the interested stockholder becomes an interested stockholder. Our board of directors can adopt a resolution that any business combination between us and any other person is exempted from the provisions of the Business Combination Act, provided that the business combination is first approved by the board of directors, including a majority of the directors who are not interested persons as defined in the 1940 Act. This resolution, however, can be altered or repealed in whole or in part at any time. The Maryland Business Combination Act discourages third parties from trying to acquire control of us and increase the difficulty of consummating such an offer.
 
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Conflict with 1940 Act
 
Our bylaws provide that, if and to the extent that any provision of the MGCL, including the Control Share Acquisition Act (if we amend our bylaws to be subject to such Act) and the Business Combination Act, or any provision of our charter or bylaws conflicts with any provision of the 1940 Act, the applicable provision of the 1940 Act will control.

    8Exhibit 10.1

 

Execution Copy

 

SPONSOR LETTER AGREEMENT

 

This SPONSOR LETTER AGREEMENT
(this “Agreement”), dated as of December 5, 2022, is made by and among SportsMap Tech Acquisition Corp., a Delaware
corporation (“SportsMap”), Infrared Cameras Holdings, Inc., a Delaware corporation (the “Company”),
SportsMap, LLC, a Delaware limited liability company (the “Sponsor”), and each undersigned party identified as an
insider on the signature page hereto (collectively, the “Insiders”). SportsMap, the Company, the Insiders and
the Sponsor shall be referred to herein from time to time collectively as the “Parties” and each individually as a
 “Party”. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in
the Business Combination Agreement (as defined below).

 

RECITALS

 

A.            Contemporaneously
with the execution and delivery of this Agreement, SportsMap, the Company and ICH Merger Sub Inc., a Delaware corporation and
a wholly-owned subsidiary of SportsMap (“Merger Sub”), entered into that certain Business Combination Agreement, dated
as of the date hereof (as it may be amended, restated or otherwise modified from time to time in accordance with its terms, the “Business
Combination Agreement”).

 

B.            As
of the date hereof, each of Sponsor and the Insiders is the holder of record and beneficial owner of, and has voting power (including,
without limitation, by proxy or power of attorney) and dispositive power over, the issued and outstanding equity securities of SportsMap
as set forth opposite such Sponsor or Insider’s name on Schedule I (the “Shares” together with any warrants
or other equity securities of SportsMap that such Party holds of record or beneficially, as of the date of this Agreement, or acquires
record or beneficial ownership of after the date hereof, collectively, the “Securities”).

 

C.            As
a condition to the willingness of the Company to enter into the Business Combination Agreement, and as an inducement and in consideration
therefor, and in view of the valuable consideration to be received by Sponsor and the Insiders thereunder, and the expenses and efforts
to be undertaken by SportsMap and the Company to consummate the Transactions, SportsMap, the Company, Sponsor and the Insiders desire
to enter into this Agreement and agree to certain matters as set forth herein.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the premises and the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties, each intending to be legally bound, hereby agree as follows:

 

1.            Agreement
to Vote. Each of the Sponsor and each Insider hereby irrevocably and unconditionally agrees, with respect to all of the Securities
(as defined below) of such Person, during the Term:

 

(a)            at
any meeting of the shareholders of SportsMap or any class or series thereof, and in any action by written consent or resolution of the
shareholders of SportsMap, to be present for such meeting (in person or by proxy), or otherwise cause its Securities to be counted as
present thereat for purposes of establishing a quorum and to vote or provide consent (or cause to be voted or consented and to the extent
such Shares have voting rights) in person or by proxy, all of such Party’s Securities: (i) to approve and adopt the Transaction
Proposals and the Transactions; (ii) in favor of any actions required or otherwise sought in furtherance of the Merger, the Company
Note Conversion, the transactions contemplated by the Business Combination Agreement and the Ancillary Documents, and any amendments
to the Company’s Governing Documents required pursuant to the terms of the Business Combination Agreement; (iii) against,
and withhold consent with respect to, (A) any SportsMap Acquisition Proposal and any and all other proposals for any merger, consolidation,
tender or exchange offer, reorganization, recapitalization, liquidation, purchase of assets or securities, or other business combination
transaction or acquisition proposal involving SportsMap (other than the Business Combination Agreement and the Transactions), or (B) other
matter, action or proposal that would reasonably be expected to (1) materially delay or impair the ability of the Company, SportsMap
and Merger Sub to consummate the Merger, the Business Combination Agreement or any of the Transactions, (2) be materially inconsistent
with the Business Combination Agreement or the Ancillary Documents, or (3) result in a breach of any of the SportsMap’s or
Merger Sub’s covenants, agreements or obligations under the Business Combination Agreement or in any of the conditions to
the Closing set forth in the Business Combination Agreement not being satisfied; (iv) against, and withhold consent with respect
to, any other matter, action or proposal any other action or proposal involving any company that would prevent, materially impede, materially
interfere with, materially delay, materially postpone or materially adversely affect the Transactions or would reasonably be expected
to result in any of the conditions to the Closing under the Business Combination Agreement not being fulfilled; and (v) in favor
of any proposal to adjourn or postpone such meeting of the stockholders of SportsMap to a later date if there are not sufficient votes
to approve and adopt the Business Combination Agreement and/or if there are not sufficient shares present in person or by proxy at such
meeting of the stockholders of SportsMap to constitute a quorum;

 

     

    

    

 

(b)            to
refrain from redeeming, electing to redeem or tendering or submitting any of its Securities for redemption in connection with such stockholder
approval, the Merger or any other transactions contemplated by the Business Combination Agreement;

 

(c)            to
take, or cause to be taken, all actions and to do, or cause to be done, all things reasonably necessary or as shall be reasonably requested
by the Company or SportsMap in order to effect the Merger, the Company Note Conversion and the transactions contemplated by the Business
Combination Agreement and any Ancillary Documents, including the Transactions, including, without limitation, executing and delivering
all additional documentation so required or requested, including any applicable Ancillary Documents to be executed by such Person pursuant
to the Business Combination Agreement, in each case referred to in this clause (b), on the terms and subject to the conditions
set forth in this Agreement, the Business Combination Agreement and the Ancillary Documents; and

 

(d)            without
limiting Sections 1(a) and 1(c) above, to, to the extent required, approve and consent to and, if applicable, participate in,
the conversion of the Company Convertible Notes and any other Company convertible debt, in each case, at the applicable conversion ratio
(including any accrued or declared but unpaid dividends or interest) in accordance with their respective terms immediately prior to the
Effective Time as contemplated by the Business Combination Agreement.

 

The obligations of the Sponsor and each Insider
specified in this Section 1 shall apply whether or not the Merger, any of the transactions contemplated by the Business Combination
Agreement or any action described above is recommend by SportsMap’s board of directors. Any vote cast or consent given (or withheld)
pursuant to this Section 1 shall be cast, or consent shall be given (or withheld), in accordance with such procedures relating
thereto as shall ensure that it is duly counted for purposes of determining that a quorum is present and for purposes of recording in
accordance herewith the results of such vote or consent. Sponsor and each Insider hereby agrees that it shall not commit or agree to
take any action inconsistent with the foregoing.

 

2.            Waiver
of Anti-dilution Protection. Each of the Sponsor and each Insider hereby irrevocably (i) waives, subject to, and conditioned
upon, the occurrence of the Closing, to the fullest extent permitted by law and the certificate of incorporation of SportsMap, and (ii) agrees
not to assert or perfect, any rights to adjustment or other anti-dilution protections in connection with the transactions contemplated
by the Business Combination Agreement.

 

    2

    

    

 

3.            Transfer
of Securities.

 

(a)            Sponsor
and each Insider agrees, as to itself, that during the Term it shall not, and shall cause its Affiliates not to, without SportsMap’s
and the Company’s prior written consent, (i) offer for sale, sell (including short sales), transfer, tender, pledge, encumber,
assign or otherwise dispose of (including by gift) (collectively, a “Transfer”), or enter into any contract, option,
derivative, hedging or other agreement or arrangement or understanding (including any profit-sharing arrangement) with respect to, or
consent to, a Transfer of, any or all of such Party’s Securities, (ii) grant any proxies or powers of attorney with respect
to any or all of such Party’s Securities, (iii) permit to exist any lien of any nature whatsoever (other than those imposed
by (A) this Agreement, (B) the SportsMap Organizational Documents, (C) the Business Combination Agreement and (D) any
applicable securities Laws, and, with respect to Sponsor only, (y) the Letter Agreement dated October 18, 2021 (the “Insider
Letter”), between SportsMap, the Sponsor, the Insiders and Roth Capital Partners, LLC, and (z) the Investment Management
Trust Agreement dated October 18, 2021, between SportsMap and Continental Stock Transfer & Trust Company, in each case,
as in effect on the date hereof), with respect to any or all of such Party’s Securities, (iv) deposit any of Sponsor’s
or such Insider’s Securities in a voting trust or subject any of such Party’s Securities to any arrangement or agreement
with respect to the voting of such Securities (except as provided in this Agreement), or (v) commit or agree, directly or indirectly,
or publicly announce any intention, to take any of the foregoing actions. Sponsor and each Insider agree with, and covenant to, SportsMap
and the Company that such Party shall not request that SportsMap register the Transfer (book-entry or otherwise) of any certificate or
uncertificated interest representing any of such Party’s Securities during the Term in contravention of this Section 3(a).
Nothing in this Agreement shall prohibit the direct or indirect Transfer of equity or other interests in Sponsor.

 

(b)            Permitted
Transfers. Section 3(a) shall not prohibit a Transfer of Securities by any Insider (i) to any family member
or trust for the benefit of any family member, (ii) to any stockholder, member or partner of such Party, if an entity, (iii) to
any Affiliate of such Person, or (iv) to any person or entity if and to the extent required by any non-consensual Order, by divorce
decree or by will, intestacy or other similar applicable Law, so long as, in the case of the foregoing clauses (i), (ii), (iii) and
(iv), the assignee or transferee agrees to be bound by the terms of this Agreement and executes and delivers to the parties hereto a
joinder memorializing such agreement.

 

(c)            In
furtherance of the foregoing, SportsMap hereby agrees to (i) place a revocable stop order on all Securities subject to Section 3,
including those which may be covered by a registration statement, and (ii) notify SportsMap’s transfer agent in writing of
such stop order and the restrictions on such Securities under Section 3 and direct SportsMap’s transfer agent not to
process any attempts by the Sponsor or any Insider to Transfer any Securities except in compliance with Section 3; for the
avoidance of doubt, the obligations of SportsMap under this Section 3(b) shall be deemed to be satisfied by the existence
of any similar stop order and restrictions currently existing on the Securities.

 

4.            Other
Covenants.

 

(a)            The
Sponsor and each Insider hereby agrees to be bound by and subject to (i) Section 5.3 (Confidentiality and Access to Information)
and Section 5.4 (Public Announcements) of the Business Combination Agreement to the same extent as such provisions apply to the
parties to the Business Combination Agreement, as if the Sponsor is directly a party thereto, and (ii) Section 5.6 (Exclusive
Dealing), Section 5.8 (SportsMap Stockholder Approval) and Section 5.9 (Conduct of Business of SportsMap) of the Business Combination
Agreement to the same extent as such provisions apply to SportsMap, as if the Sponsor is directly party thereto. Sponsor and each Insider
hereby authorize the Company and SportsMap to publish and disclose in any announcement or disclosure, in each case, required by the SEC
or Nasdaq (including all documents and schedules filed with the SEC in connection with the foregoing, including the Proxy Statement),
Sponsor’s and such Insider’s identity and ownership of the Securities and the nature of such Party’s commitments and
agreements under this Agreement, the Business Combination Agreement and any other Ancillary Documents to the extent such disclosure is
required by applicable securities laws, the SEC or Nasdaq.

 

    3

    

    

 

(b)            The
Sponsor and each Insider acknowledge and agrees that the Company is entering into the Business Combination Agreement in reliance upon
the Sponsor and each Insider entering into this Agreement and agreeing to be bound by, and perform, or otherwise comply with, as applicable,
the agreements, covenants and obligations contained in this Agreement and but for the Sponsor and each Insider entering into this Agreement
and agreeing to be bound by, and perform, or otherwise comply with, as applicable, the agreements, covenants and obligations contained
in this Agreement, the Company would not have entered into, or agreed to consummate the transactions contemplated by, the Business Combination
Agreement.

 

(c)            Sponsor
and each Insider hereby agrees, (i) except for transfers expressly permitted by, and effected in accordance with, Section 3
hereof, not to deposit, and to cause its Affiliates not to deposit, except as provided in this Agreement, any Securities owned by
such Person or its Affiliates in a voting trust or subject any Securities to any arrangement or agreement with respect to the voting
of such Securities, unless specifically requested to do so by the Company and SportsMap in connection with the Business Combination Agreement,
the Ancillary Documents and any of the Transactions, (ii) not to, and to cause its Affiliates not to, bring, commence, institute,
join in, maintain, voluntarily aid, finance, facilitate, assist, encourage or prosecute, and to take, and to cause its Affiliates to
take, all actions necessary to opt out of any class in any class action with respect to, any claim, appeal, litigation, arbitration,
derivative, proceeding or otherwise, against SportsMap, Merger Sub, the Company or any of their respective successors or directors (A) challenging
the validity of, or seeking to enjoin the operation of, any provision of this Agreement, or (B) alleging a breach of any fiduciary
duty of any Person (including the board of directors of SportsMap or any member or committee thereof) in connection with the evaluation,
negotiation or entry into the Business Combination Agreement or the Transactions, and (iii) to refrain from exercising any dissenters’
rights or rights of appraisal under applicable Law at any time with respect to the Merger, the Business Combination Agreement, the Ancillary
Documents and any of the Transactions, including pursuant to the DGCL.

 

(d)            Changes
to Securities. In the event of a stock dividend or distribution, or any change in the shares of capital stock of SportsMap by reason
of any stock dividend or distribution, stock split, recapitalization, combination, conversion, exchange of shares or the like, the term
 “Securities” shall be deemed to refer to and include the Securities as well as all such stock dividends and distributions
and any securities into which or for which any or all of the Securities may be changed or exchanged or which are received in such transaction.
Sponsor and each Insider agrees to, during the Term, notify SportsMap and the Company promptly in writing of the number and type of any
changes to Sponsor’s or such Insider’s ownership of or voting control with respect to Securities or upon such Party’s
acquisition of, or commitment to acquire, any additional Securities. For the avoidance of doubt, if, during the Term, Sponsor or any
Insider acquires ownership or voting control with respect to any additional Securities, then such Securities shall be subject to the
terms of this Agreement to the same extent as if they had constituted Shares owned by Sponsor or such Insider as of the date hereof.

 

    4

    

    

 

(e)            Compliance
with Business Combination Agreement. Sponsor and each Insider agree that it shall use its commercially reasonable efforts to cooperate
with SportsMap and the Company to effect the Merger and all other Transactions contemplated by the Business Combination Agreement and
the Ancillary Documents.

 

(f)            Proxy
Statement. During the Term, Sponsor and each Insider agree to provide to SportsMap, the Company and their respective Representatives
any information regarding Sponsor and such Insider or the Securities that is reasonably requested by SportsMap, the Company or their
respective Representatives for inclusion in the Proxy Statement.

 

(g)            Letter
Agreement. During the Term, the Sponsor and each Insider agree not to amend, supplement, restate or otherwise modify or terminate,
or take any action in violation of, the terms of the Insider Letter.

 

5.            Representations
and Warranties. Each of Sponsor and each Insider hereby represents and warrants as of the date hereof to SportsMap and the Company
(solely with respect to itself, himself or herself and not with respect to any other Person) as follows:

 

(a)            Binding
Agreement. Such Person (i) if a natural person, is of legal age to execute this Agreement and is legally competent to do so
and (ii) if not a natural person, is (A) a corporation, limited liability company, company or partnership duly organized and
validly existing under the laws of the jurisdiction of its organization and (B) has all necessary power and authority to execute
and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. If such Person
is not a natural person, the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation
of the transactions contemplated hereby by such Person has been duly authorized by all necessary corporate, limited liability or partnership
action on the part of such Person, as applicable. This Agreement, assuming due authorization, execution and delivery hereof by the other
parties hereto, constitutes a legal, valid and binding obligation of such Person, enforceable against such Person in accordance with
its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and
other similar laws of general applicability relating to or affecting creditor’s rights, and to general equitable principles). Such
Person understands and acknowledges that the Company is entering into the Business Combination Agreement in reliance upon the execution
and delivery of this Agreement by such Person.

 

(b)            Ownership
of Securities. As of the date hereof, such Person has beneficial ownership over the type and number of the Securities set forth opposite
such Person’s name on Schedule I hereto, as applicable, is the lawful owner of such Securities, has the sole power to vote
or cause to be voted such Securities (to the extent such Securities have associated voting rights), and has good and valid title to such
Securities, free and clear of any and all pledges, mortgages, encumbrances, charges, proxies, voting agreements, liens, adverse claims,
options, security interests and demands of any nature or kind whatsoever, other than those imposed by, (i) this Agreement, (ii) the
SportsMap Organizational Documents, (iii) the Business Combination Agreement and (iv) any applicable securities Laws, and,
with respect to Sponsor only, (x) the Letter Agreement dated October 18, 2021, between SportsMap and the Sponsor, and (y) the
Investment Management Trust Agreement dated October 18, 2021, between SportsMap and Continental Stock Transfer & Trust
Company, in each case, as in effect on the date hereof. Except for the Securities set forth opposite such Person’s name on Schedule
I hereto, as of the date of this Agreement, such Person is not a beneficial owner or record holder of any: (i) equity securities
of SportsMap, (ii) securities of SportsMap having the right to vote on any matters on which the holders of equity securities of
SportsMap may vote or which are convertible into or exchangeable for, at any time, equity securities of SportsMap or (iii) options,
warrants or other rights to acquire from SportsMap any equity securities or securities convertible into or exchangeable for equity securities
of SportsMap.

 

    5

    

    

 

(c)            No
Conflicts. No filing with, or notification to, any Governmental Entity, and no consent, approval, authorization or permit of any
other person is necessary for the execution of this Agreement by such Person, the performance of its obligations hereunder or the consummation
by it of the transactions contemplated hereby. None of the execution and delivery of this Agreement by such Person, the performance of
its obligations hereunder or the consummation by it of the transactions contemplated hereby shall (i) conflict with or result in
any breach of the certificate of incorporation, bylaws or other comparable organizational documents of SportsMap or such Person, if applicable,
(ii) result in, or give rise to, a violation or breach of or a default under any of the terms of any Contract or obligation to which
such Person is a party or by which such Person or any of the Securities or its other assets may be bound, or (iii) violate any applicable
Law or Order applicable to such Person, except for any of the foregoing in clauses (i) through (iii) as would not reasonably
be expected to impair such Person’s ability to perform its obligations under this Agreement in any material respect.

 

(d)            No
Inconsistent Agreements. Such Person hereby covenants and agrees that, except for this Agreement, which will be terminated at the
Closing, such Person (i) has not entered into, and will not enter into at any time while this Agreement remains in effect, any voting
agreement or voting trust with respect to the Securities inconsistent with such Person’s obligations pursuant to this Agreement,
(ii) has not granted and will not grant at any time while this Agreement remains in effect, a proxy, a consent or power of attorney
with respect to the Securities, and (iii) has not entered into any agreement or knowingly taken any action, and will not enter into
any agreement or knowingly take any action that would have the effect of preventing such Person from performing any of its material obligations
under this Agreement.

 

6.            Termination.
Notwithstanding anything to the contrary contained herein, this Agreement shall automatically terminate, and none of SportsMap, the Company,
Sponsor, or any Insider shall have any rights or obligations hereunder, upon the earliest to occur of (i) as to an Insider, the
mutual written consent of SportsMap, Sponsor, the Company and such Insider, (ii) the Effective Time (following the performance of
the obligations of the parties hereunder required to be performed at or prior to the Effective Time), and (iii) the date of termination
of the Business Combination Agreement in accordance with its terms (such earliest time, the “Expiration Time”). “Term”
shall mean the period commencing on the date of this Agreement and ending on the Expiration Time. Upon such termination of this Agreement,
all obligations of the parties under this Agreement will terminate, without any liability or other obligation on the part of any Party
to any Person in respect hereof or the transactions contemplated hereby, and no Party shall have any claim against another (and no Person
shall have any rights against such Party), whether under contract, tort or otherwise, with respect to the subject matter hereof; provided,
however, that the termination of this Agreement shall not relieve any Party from liability arising in respect of any breach of this Agreement
prior to such termination. Notwithstanding anything to the contrary herein, the provisions of this Section 6 shall survive
the termination of this Agreement.

 

7.            Entire
Agreement; Assignment. This Agreement (together with the Business Combination Agreement and the Ancillary Documents) constitutes
the entire agreement among the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings,
both written and oral, among the parties with respect to the subject matter hereof; provided that, for the avoidance of doubt, this Agreement
shall not be deemed to supersede the Insider Letter. Except in connection with a Permitted Transfer, neither this Agreement nor any of
the rights, interests or obligations hereunder will be assigned (including by operation of law) without the prior written consent of
the parties hereto. Any attempted assignment of this Agreement not in accordance with the terms of this Section 7 shall be
void.

 

8.            Parties
in Interest. This Agreement shall be binding upon and inure solely to the benefit of the Parties and their respective successors
and permitted assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any rights,
benefits or remedies of any nature whatsoever under or by reason of this Agreement.

 

    6

    

    

 

9.            Governing
Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without
giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction)
that would cause the application of the law of any jurisdiction other than the State of Delaware. Each of the Parties irrevocably and
unconditionally submits to the exclusive jurisdiction of the Chancery Court of the State of Delaware (or, if the Chancery Court of the
State of Delaware declines to accept jurisdiction, any state or federal court within the State of Delaware), for the purposes of any
Proceeding, claim, demand, action or cause of action (a) arising under this Agreement or (b) in any way connected with or related
or incidental to the dealings of the parties in respect of this Agreement or any of the transactions contemplated hereby, and irrevocably
and unconditionally waives any objection to the laying of venue of any such Proceeding in any such court, and further irrevocably and
unconditionally waives and agrees not to plead or claim in any such court that any such Proceeding has been brought in an inconvenient
forum. Each Party hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim
or otherwise, in any Proceeding claim, demand, action or cause of action against such Party (i) arising under this Agreement or
(ii) in any way connected with or related or incidental to the dealings of the Parties in respect of this Agreement or any of the
transactions contemplated hereby or any of the transactions contemplated thereby, (A) any claim that such Party is not personally
subject to the jurisdiction of the courts as described in this Section 9 for any reason, (B) that such Party or such Party’s
property is exempt or immune from the jurisdiction of any such court or from any legal process commenced in such courts (whether through
service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and
(C) that (x) the Proceeding, claim, demand, action or cause of action in any such court is brought against such Party in an
inconvenient forum, (y) the venue of such Proceeding, claim, demand, action or cause of action against such Party is improper or
(z) this Agreement, or the subject matter hereof, may not be enforced against such Party in or by such courts. Each Party hereto
agrees that service of any process, summons, notice or document by registered mail to such Party’s respective address set forth
herein shall be effective service of process for any such Proceeding, claim, demand, action or cause of action.

 

10.            WAIVER
OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY PROCEEDING,
CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR
INCIDENTAL TO THE DEALINGS OF THE PARTIES IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, WHETHER NOW EXISTING
OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. EACH PARTY HERETO HEREBY AGREES AND CONSENTS THAT ANY SUCH
PROCEEDING, CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES MAY FILE
AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE
WAIVER OF THEIR RIGHT TO TRIAL BY JURY. EACH PARTY HERETO CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY
OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER, (B) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH
SUCH PARTY MAKES THIS WAIVER VOLUNTARILY AND (D) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 13.

 

11.            Interpretation.
The term “this Agreement” means this Sponsor Letter Agreement together with the schedules and exhibits hereto, as the same
may from time to time be amended, modified, supplemented or restated in accordance with the terms hereof. The headings set forth in this
Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement. No Party,
nor its respective counsel, shall be deemed the drafter of this Agreement for purposes of construing the provisions hereof, and all provisions
of this Agreement shall be construed according to their fair meaning and not strictly for or against any Party. Unless otherwise indicated
to the contrary herein by the context or use thereof: (a) the words, “herein,” “hereto,” “hereof”
and words of similar import refer to this Agreement as a whole, including the Schedules, and not to any particular section, subsection,
paragraph, subparagraph or clause set forth in this Agreement; (b) masculine gender shall also include the feminine and neutral
genders, and vice versa; (c) words importing the singular shall also include the plural, and vice versa; (d) the words “include,”
 “includes” or “including” shall be deemed to be followed by the words “without limitation”; (e) the
word “or” is disjunctive but not necessarily exclusive; (f) the words “writing”, “written” and
comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form; (g) the
word “extent” in the phrase “to the extent” means the degree to which a subject or other thing extends, and such
phrase shall not mean simply “if”; (h) all references to Articles, Sections or Schedules are to articles, sections and
schedules of this Agreement; and (i) all references to any Law will be to such Law as amended, supplemented or otherwise modified
or re-enacted from time to time.

 

    7

    

    

 

12.            No
Recourse. This Agreement may only be enforced against, and any action for breach of this Agreement may only be made against, the
Parties, and without limiting the generality of the foregoing, none of the Representatives of SportsMap or the Company shall have any
liability arising out of or relating to this Agreement, the negotiation thereof or its subject matter, or the transactions contemplated
hereby, including with respect to any claim (whether in tort, contract or otherwise) for breach of this Agreement or in respect of any
written or oral representations made or alleged to be made in connection herewith (except as expressly provided herein) or for any actual
or alleged inaccuracies, misstatements or omissions with respect to any information or materials of any kind furnished by the Company
or SportsMap concerning the Company, any SportsMap Party, this Agreement or the transactions contemplated hereby.

 

13.            Notices.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed
to have been duly given) by delivery in person, by e-mail (having obtained electronic delivery confirmation thereof (i.e., an electronic
record of the sender that the e-mail was sent to the intended recipient thereof without an “error” or similar message that
such e-mail was not received by such intended recipient)), or by registered or certified mail (postage prepaid, return receipt requested)
(upon receipt thereof) to the other parties as follows, or to such other address as the Party to whom notice is given may have previously
furnished to the others in writing in the manner set forth below:

 

	If to SportsMap, to:

     

    SportsMap Tech Acquisition Corp.

    5353 West Alabama, Suite 415

    Houston, TX 77056

    Attn: David Gow

    Email: david.gow@gowmedia.com
	with a copy (which will not constitute notice) to:

     

    ArentFox Schiff LLP

    1717 K Street NW

    Washington, DC 20006

    Attn: Ralph de Martino

    Email: ralph.demartino@afslaw.com

	If to Sponsor, to:

     

    SportsMap, LLC.

    5353 West Alabama, Suite 415

    Houston, TX 77056

    Attn: David Gow

    Email: david.gow@gowmedia.com 
	with a copy (which will not constitute notice) to:

     

    ArentFox Schiff LLP

    1717 K Street NW

    Washington, DC 20006

    Attn: Ralph de Martino

    Email: ralph.demartino@afslaw.com

	If to the Company, to:

     

    Infrared Cameras Holdings, Inc.

    2105 W Cardinal

    Beaumont, TX 77705

    Attn: Gary Strahan

    Email: gary.strahan@infraredcameras.com
	with a copy (which will not constitute notice) to:

     

    Latham & Watkins LLP

    811 Main Street, Suite 3700

    Houston, TX 77002

    Attn: Nick Dhesi

    Email: Ramnik.Dhesi@lw.com

     

    Latham & Watkins LLP

    650 Town Center Drive, 20th Floor

    Costa Mesa, CA 92626

    Attn: Drew Capurro

    Email: Drew.Capurro@lw.com

 

If
to an Insider, to: the address set forth under such Insider’s name on Schedule I hereto, with a copy (which will
not constitute notice) to, if not the Party sending the notice, each of the Company and SportsMap (and each of their copies for notices
hereunder).

   

    8

    

    

 

14.            Amendments.
This Agreement may be amended or modified only by a written agreements executed and delivered by SportsMap, the Company, Sponsor and
each Insider. This Agreement may not be modified or amended except as provided in the immediately preceding sentence and any purported
amendment by any of the parties hereto effected in a manner which does not comply with this Section 13 shall be void, ab initio.

 

15.            Extension;
Waiver. Any agreement on the part of any Party hereto to (i) extend the time for the performance of any of the obligations or
other acts of another Party hereto set forth herein, (ii) waive any inaccuracies in the representations and warranties of another
Party set forth herein or (iii) waive compliance by another party hereto with any of the agreements or conditions set forth herein,
in each case, shall be valid only if set forth in a written instrument signed on behalf of such Party. Any waiver of any term or condition
shall not be construed as a waiver of any subsequent breach or a subsequent waiver of the same term or condition, or a waiver of any
other term or condition of this Agreement. The failure of any Party to assert any of its rights hereunder shall not constitute a waiver
of such rights.

 

16.            Severability.
Whenever possible, each provision of this Agreement will be interpreted in such a manner as to be effective and valid under applicable
Law, but if any term or other provision of this Agreement is held to be invalid, illegal or unenforceable under applicable Law, all other
provisions of this Agreement shall remain in full force and effect so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner materially adverse to any Party. Upon such determination that any term or other provision of this
Agreement is invalid, illegal or unenforceable under applicable Law, the Parties shall negotiate in good faith to modify this Agreement
so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated
hereby are consummated as originally contemplated to the greatest extent possible.

 

17.            Specific
Performance. The parties hereto acknowledge that such Party’s obligations under this Agreement are unique, each Party recognizes
and affirms that in the event of a breach of this Agreement by such Party, money damages will be inadequate and other parties hereto
will not have adequate remedy at law, and agree that irreparable damage would occur in the event that any of the provisions of this Agreement
were not performed by a Party in accordance with their specific terms or were otherwise breached. Accordingly, each Party shall be entitled
to an injunction or specific performance or other equitable relief to prevent breaches of this Agreement by the other parties and to
enforce specifically the terms and provisions hereof, without the requirement to post any bond or other security or to prove that money
damages would be inadequate, this being in addition to any other right or remedy to which such Party may be entitled under this Agreement,
at law or in equity.

 

18.            Expenses.
All fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be allocated in accordance
with Section 8.6 of the Business Combination Agreement.

 

19.            No
Partnership, Agency or Joint Venture. This Agreement is intended to create a contractual relationship among each Insider, Sponsor,
the Company and SportsMap, and is not intended to create, and does not create, any agency, partnership, joint venture or any like relationship
among the parties hereto. Nothing contained in this Agreement shall be deemed to vest in the Company, Sponsor or SportsMap any direct
or indirect ownership or incidence of ownership of or with respect to any Securities.

 

20.            Counterparts;
Electronic Signatures. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but
all of which shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement
by e-mail, scanned pages or other electronic imaging (including “pdf,” “tif,” “jpg,” DocuSign,
AdobeSign or other similar electronic transmission) shall be effective as delivery of a manually executed counterparty to this Agreement.

 

[signature page follows]

 

    9

    

    

 

IN
WITNESS WHEREOF, each of the Parties has caused this Agreement to be duly executed on its behalf as of the day and year first
above written.

 

	 	SPORTSMAP TECH ACQUISITION CORPORATION
	 	 	 
	 	By:	/s/ David Gow
	 	 	Name: David Gow
	 	 	Title: Chief Executive Officer

 

Signature Page to
Sponsor Letter Agreement

 

     

    

    

 

IN
WITNESS WHEREOF, each of the Parties has caused this Agreement to be duly executed on its behalf as of the day and year first
above written.

 

 

		SPONSOR
	 	 
	 	SPORTSMAP LLC
	 	 	 
	 	By:	/s/ David Gow
	 	 	Name: David Gow
	 	 	Title: Manager

 

Signature Page to Sponsor Letter Agreement

 

     

    

    

 

 

IN
WITNESS WHEREOF, each of the Parties has caused this Agreement to be duly executed on its behalf as of the day and year first
above written.

 

	 	INSIDERS
	 	 
	 	 /s/ BRADLEY W. BAKER
	 	BRADLEY W. BAKER
	 	 
	 	 /s/ MATTHEW DAY
	 	MATTHEW DAY
	 	 
	 	 /s/ STEVE DYER
	 	STEVE DYER
	 	 
	 	 /s/ DAVID FARINA
	 	DAVID FARINA
	 	 
	 	 /s/ KEVIN HARRIS
	 	KEVIN HARRIS
	 	 
	 	 /s/ WILLIAM F. HARTFIEL III
	 	WILLIAM F. HARTFIEL III
	 	 
	 	 /s/ DONALD RYAN HULSTRAND
	 	DONALD RYAN HULSTRAND
	 	 
	 	 /s/ JOHN LIPMAN
	 	JOHN LIPMAN
	 	 
	 	 /s/ JAMES ZAVORAL
	 	JAMES ZAVORAL

  

Signature Page to Sponsor Letter Agreement

 

     

    

    

 

	 	THE AMG TRUST ESTABLISHED 01/23/2007
	 		 
	 	By:	/s/ Aaron M Gurewitz
	 	 	Name: Aaron M Gurewitz
	 	 	Title: Trustee

 

	 	BYRON ROTH LLC
	 	 	 
	 	By:	 /s/ Byron Roth                 
	 	 	Name: Byron Roth
	 	 	Title: Manager

 

	 	CR FINANCIAL HOLDINGS, INC
	 	 	 
	 	By:	 /s/ Gerald L. Mars                 
	 	 	Name: Gerald L. Mars
	 	 	Title: CFO

  

Signature Page to
Sponsor Letter Agreement

 

     

    

    

 

IN
WITNESS WHEREOF, each of the Parties has caused this Agreement to be duly executed on its behalf as of the day and year first
above written.

 

		COMPANY
	 	 
	 	INFRARED CAMERAS HOLDINGS, INC.
	 	 	 
	 	By:	/s/ Gary Strahan
	 	 	Name: Gary Strahan
	 	 	Title: Chief Executive Officer

  

Signature Page to Sponsor Letter Agreement

 

     

    

    

 

SCHEDULE 1

  

(intentionally omitted)

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