Document:

EX-10.5

 Exhibit 10.5 

December 10, 2020 
 Thayer Ventures
Acquisition Corporation. 
 25852 McBean Parkway, Suite 508 

Valencia, CA 91355 
  

	Re:	 Initial Public Offering 

Ladies and Gentlemen: 
 This letter (this “Letter
Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and among Thayer Ventures Acquisition Corporation, a Delaware corporation (the
“Company”), and Stifel, Nicolaus & Company, Incorporated and Oppenheimer & Co. Inc. as representatives (the “Representatives”) of the several underwriters (each, an
“Underwriter” and collectively, the “Underwriters”), relating to an underwritten initial public offering (the “Public Offering”), of 15,000,000 of the Company’s units
(including up to 2,250,000 additional units that may be purchased by the Underwriters to cover over-allotments, if any) (the “Units”), each comprised of one share of the Company’s Class A common stock, par value
$0.0001 per share (the “Class A Common Stock”), and one-half of one redeemable warrant. Each whole warrant (each, a “Warrant”)
entitles the holder thereof to purchase one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment as described in the Prospectus (as defined below). The Units will be sold in the Public Offering pursuant to a
registration statement on Form S-1 and prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission (the
“Commission”) and the Company has applied to have the Units listed on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in paragraph 11 hereof. 

In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of Thayer Ventures Acquisition Holdings LLC (the “Sponsor”) and the undersigned individuals, each of whom is a member of the
Company’s board of directors and/or management team of the Company (each of the undersigned individuals, an “Insider” and collectively, the “Insiders”), hereby agrees with the Company as follows:

  

	 	1.	 The Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business
Combination, then in connection with such proposed Business Combination, it, he or she shall (i) vote any shares of Common Stock (as defined below) owned by it, him or her in favor of any proposed Business Combination and (ii) not redeem
any shares of Common Stock owned by it, him or her in connection with such stockholder approval. If the Company seeks to consummate a proposed Business Combination by engaging in a tender offer, the Sponsor and each Insider agrees that it, he or she
will not sell or tender any shares of Common Stock owned by it, him or her in connection therewith. 

  

	 	2.	 The Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business
Combination within 18 months from the closing of the Public Offering, or such later period approved by the Company’s stockholders in accordance with the Company’s amended and restated certificate of incorporation (as it may be amended from
time to time, the “Charter”), the Sponsor and each Insider shall take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably
possible but not more than ten business days thereafter, redeem 100% of the shares of Class A Common Stock sold as part of the Units in the Public Offering (the “Offering Shares”), at a
per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account (as defined below), including interest earned on the funds held in the Trust Account and not previously
released to the Company to pay its taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Offering Shares, which 

  
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	 	redemption will completely extinguish all Public Stockholders’ (as defined below) rights as stockholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as
reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under
Delaware law to provide for claims of creditors and other requirements of applicable law. The Sponsor and each Insider agrees not to propose any amendment to the Charter to (a) modify the substance or timing of the Company’s obligation to
allow redemption in connection with the Business Combination or to redeem 100% of the Offering Shares if the Company does not complete a Business Combination within the required time period set forth in the Charter or with respect to any other
provisions relating to stockholders’ rights or pre-initial Business Combination activity, unless the Company provides its Public Stockholders with the opportunity to redeem their Offering Shares upon
approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and
not previously released to the Company to pay its taxes, divided by the number of then outstanding Offering Shares. 

 The Sponsor and each
Insider acknowledges that it, he or she has no right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to the Founder
Shares (as defined below) held by it, him or her. The Sponsor and each Insider hereby further waives, with respect to any shares of Common Stock held by it, him or her, if any, any redemption rights it, he or she may have in connection with
(A) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination, or (B) a stockholder vote to approve an amendment to the
Charter to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Business Combination or to redeem 100% of the Offering Shares if the Company has not consummated a Business Combination within the
time period set forth in the Charter or with respect to any other provisions relating to stockholders’ rights or pre-initial Business Combination activity (although the Sponsor, the Insiders and their
respective affiliates shall be entitled to redemption and liquidation rights with respect to any Offering Shares it or they hold if the Company fails to consummate a Business Combination within the time period set forth in the Charter). 

 

	 	3.	 The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business
Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their respective affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors
and the Company must obtain an opinion from an independent investment banking firm or an independent accounting firm that such Business Combination is fair to the Company from a financial point of view. 

 

	 	4.	 During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such
date, the Sponsor and each Insider shall not, without the prior written consent of the Representatives, (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to
dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), and the rules and regulations of the Commission promulgated thereunder, with respect to, any Units, shares of Common Stock (including, but not limited to, Founder Shares), Warrants or any securities
convertible into, or exercisable, or exchangeable for, shares of Common Stock owned by it, him or her, (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 any Units, shares of Common Stock (including, but not limited to, Founder Shares), Warrants or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock owned by it, him or her, whether any such transaction is
to be settled by delivery of such securities, in cash or otherwise, or (iii) publicly announce any intention to effect any transaction specified 

  
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	 	in clause (i) or (ii). Notwithstanding the foregoing, nothing in this Section 3 will prohibit (1) the issuance and sale of Private Placement Warrants (as defined below), (2) the issuance and sale of
any Units in the Public Offering, including any Units issued and sold to cover over-allotments, if any, (3) the registration with the SEC pursuant to an agreement to be entered into concurrently with the execution of this Agreement, the resale
of the Private Placement Warrants and shares of Class A common stock of the Company issuable upon exercise of the Private Placement Warrants and the Founder Shares and (4) issuance of securities in connection with a Business Combination.

  

	 	5.	 In the event of the liquidation of the Trust Account upon the failure of the Company to consummate its initial
Business Combination within the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever
(including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened) to which the Company may become subject as a result of any claim
by (i) any third party for services rendered or products sold to the Company or (ii) any prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or Business
Combination agreement (a “Target”); provided, however, that such indemnification of the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure that such claims by a third party or
a Target do not reduce the amount of funds in the Trust Account to below the lesser of (i) $10.20 per Offering Share and (ii) the actual amount per Offering Share held in the Trust Account as of the date of the liquidation of the Trust
Account, if less than $10.20 per Offering Share is then held in the Trust Account due to reductions in the value of the trust assets, less taxes payable, (y) shall not apply to any claims by a third party or a Target which executed a waiver of
any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s indemnity of the Underwriters against certain liabilities, including
liabilities under the Securities Act of 1933, as amended. The Indemnitor shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice
of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that it shall undertake such defense. 

  

	 	6.	 To the extent that the Underwriters do not exercise their over-allotment option to purchase up to an additional
2,250,000 Units within 45 days from the date of the Prospectus (and as further described in the Prospectus) in full, the Sponsor agrees to forfeit, at no cost, a number of Founder Shares in the aggregate equal to 562,500 multiplied by a fraction,
(i) the numerator of which is 2,250,000 minus the number of Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 2,250,000. The forfeiture will be adjusted to the extent
that the over-allotment option is not exercised in full by the Underwriters so that the Founder Shares will represent on an as converted basis an aggregate of 20.0% of the Company’s issued and outstanding shares of Class A Common Stock
after the Public Offering (not including shares of Class A Common Stock underlying the Warrants or Private Placement Warrants (as defined below)). 

  

	 	7.	 The Sponsor and each Insider hereby agrees and acknowledges that: (i) the Underwriters and the Company
would be irreparably injured in the event of a breach by such Sponsor or an Insider of its, his or her obligations under paragraphs 1, 2, 3, 4, 5, 7(a), 7(b) and, solely as to each Insider, 10, as applicable, of this Letter Agreement
(ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have
in law or in equity, in the event of such breach. 

  

	 	8.	 (a) The Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder Shares (or any shares
of Class A Common Stock issuable upon conversion thereof) until the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the
closing price of the Class A Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any
30-trading day 

  
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	 	period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other
similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Class A Common Stock for cash, securities or other property (the “Founder Shares
Lock-up Period”). 

 (b) The Sponsor and each Insider agrees that it, he or she shall not
Transfer any Private Placement Warrants (or any share of Class A Common Stock issued or issuable upon the exercise of the Private Placement Warrants), until 30 days after the completion of a Business Combination (the “Private
Placement Warrants Lock-up Period”, together with the Founder Shares Lock-up Period, the “Lock-up
Periods”). 
 (c) Notwithstanding the provisions set forth in paragraphs 7(a) and (b), Transfers of the Founder Shares, Private Placement
Warrants and shares of Class A Common Stock issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares that are held by the Sponsor, any Insider or any of their permitted transferees (that have
complied with this paragraph 7(c)), are permitted (a) to the Company’s officers or directors, any affiliates or family members of any of the Company’s officers or directors, to the Sponsor, any members or partners of the Sponsor or
their affiliates, or any affiliates of the Sponsor; (b) in the case of an individual, by gift to a member of such individual’s immediate family or to a trust, the beneficiary of which is a member of such individual’s immediate family,
an affiliate of such individual or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of such individual; (d) in the case of an individual, pursuant to a qualified
domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement or in connection with the consummation of an initial Business Combination at prices no greater than the
price at which the securities were originally purchased; (f) by virtue of the laws of the State of Delaware or the Sponsor’s limited liability company agreement upon dissolution of the Sponsor; (g) to the Company for no value for
cancellation in connection with the consummation of a Business Combination; (h) in the event of the Company’s liquidation prior to the consummation of a Business Combination; or (i) in the event of the Company’s liquidation,
merger, capital stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of Class A Common Stock for cash, securities or other property subsequent to the
Company’s completion of an initial Business Combination; provided, however, that in the case of clauses (a) through (f) and (h), these permitted transferees must enter into a written agreement with the Company agreeing
to be bound by the transfer restrictions herein and the other restrictions contained in this Agreement (including provisions relating to voting, the Trust Account and liquidating distributions). 

 

	 	9.	 The Sponsor and each Insider represents and warrants that it, he or she has never been suspended or expelled
from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked. Each Insider’s biographical information furnished to the Company and the
Representatives (including any such information included in the Prospectus) is true and accurate in all respects and does not omit any material information with respect to the Insider’s background. The Sponsor and each Insider’s
questionnaire furnished to the Company is true and accurate in all respects. The Sponsor and each Insider represents and warrants that: it, he or she is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; it, he or she has
never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and it, he or she
is not currently a defendant in any such criminal proceeding. 

  

	 	10.	 Except as disclosed in the Prospectus, neither the Sponsor nor any Insider, nor any affiliate of the Sponsor or
any Insider, shall receive from the Company any finder’s fee, reimbursement, consulting fee, non-cash payments, monies in respect of any repayment of a loan or other compensation prior to, or in
connection with any services rendered in order to effectuate, the consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is). 

  
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	 	11.	 The Company, the Sponsor and each Insider represents and warrants, severally and not jointly, that it, he or
she has full right and power, without violating any agreement to which it is bound (including, without limitation, any non-competition or non-solicitation agreement with
any employer or former employer), to enter into this Letter Agreement and, as applicable, to serve as an officer and/or director on the board of directors of the Company and hereby consents to being named in the Prospectus as an officer and/or
director of the Company. 

  

	 	12.	 As used herein, (i) “Business Combination” shall mean a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar business combination, involving the Company and one or more businesses; (ii) “Common Stock” shall mean the Class A common stock and Class B common
stock; (iii) “Founder Shares” shall mean the 4,312,500 shares of Class B common stock issued and outstanding (up to 562,500 Shares of which are subject to complete or partial forfeiture if the over-allotment option
is not exercised in full by the Underwriters); (iv) “Initial Stockholders” shall mean the Sponsor and any Insider that holds Founder Shares; (v) “Private Placement Warrants” shall mean the
6,500,000 Warrants (or up to 7,175,000 Warrants if the over-allotment option is exercised in full by the Underwriters) that the Sponsor has agreed to purchase for an aggregate purchase price of $6,500,000 (or $7,175,000 if the over-allotment option
is exercised in full), or $1.00 per Warrant, in a private placement that shall occur simultaneously with the consummation of the Public Offering; (vi) “Public Stockholders” shall mean the holders of securities issued in
the Public Offering; (vii) “Trust Account” shall mean the trust fund into which the net proceeds of the Public Offering and certain proceeds from the sale of the Private Placement Warrants shall be deposited;
(viii) “Transfer” shall mean the (a) sale 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, directly or
indirectly, 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, and the rules and regulations of the
Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such
transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (ix) “Warrants” shall
mean the Private Placement Warrants and public warrants. 

  

	 	13.	 The Company will maintain an insurance policy or policies providing directors’ and officers’
liability insurance, and each Insider shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers. 

 

	 	14.	 This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of
the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated
hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto. 

 

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

  

	 	16.	 Nothing in this Letter Agreement shall be construed to confer upon, or give to, any person or corporation other
than the parties hereto any right, remedy or claim under or by reason of this Letter Agreement or of any covenant, condition, stipulation, promise or agreement hereof. All covenants, conditions, stipulations, promises and agreements contained in
this Letter Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors, heirs, personal representatives and assigns and permitted transferees. 

  
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	 	17.	 This Letter Agreement may be executed in any number of original, facsimile or other electronic counterparts and
each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and
effect as if such facsimile or “.pdf” signature page were an original thereof. 

  

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

 

	 	19.	 This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State
of New York. The parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City or in the State of New
York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

  

	 	20.	 Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter
Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile transmission. 

 

	 	21.	 This Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation of the Company; provided, however, that paragraph 5 of this Letter Agreement shall survive such liquidation. 

[Signature Page Follows] 

  
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	Sincerely,
	
	THAYER VENTURES ACQUISITION HOLDINGS LLC
		
	By:	 	 /s/ Mark Farrell

		 	Name: Mark Farrell
		 	Title: Manager
	
	INSIDERS:
	
	 /s/ H. Charles Floyd

	H. Charles Floyd
	
	 /s/ Larry Kutscher

	Larry Kutscher
	
	 /s/ Ren Riley

	Ren Riley
	
	 /s/ Caroline Shin

	Caroline Shin
	
	 /s/ R. David Edelman

	R. David Edelman

  

			
	Acknowledged and Agreed:
	
	THAYER VENTURES ACQUISITION CORPORATION
		
	By:	 	 /s/ Christopher Hemmeter

		 	Name: Christopher Hemmeter
		 	Title: Co-Chief Executive Officer

 [Signature Page to Letter Agreement] 

  
 7Exhibit
10.1

 

SUBSCRIPTION
AGREEMENT

 

This
SUBSCRIPTION AGREEMENT is entered into this 15th day of December, 2020 (this “Subscription Agreement”), by
and between New Providence Acquisition Corp., a Delaware corporation (the “Company”), and the undersigned (“Subscriber”).

 

WHEREAS,
the Company is proposing to enter into an Equity Purchase Agreement, (as it may be amended, supplemented or otherwise modified
from time to time, the “Transaction Agreement”), pursuant to which, among other things, (a) the Company will
purchase common units in AST & Science, LLC, a Delaware limited liability company (together with its subsidiaries, “AST&S”),
(b) the Company will become the managing member of AST&S, (c) the Company will issue to the members of AST&S shares of
Class B common stock or Class C common stock of the Company and (d) subject to the terms and conditions contained in the Fifth
Amended and Restated Limited Liability Company Agreement of AST&S, the members of AST&S will have the right to require
AST&S to redeem each of their outstanding common units for one Common Share (as defined below) or an amount of cash as specified
therein (collectively, the “Transaction”);

 

WHEREAS,
in connection with the Transaction, Subscriber desires to subscribe for and purchase from the Company shares of Class A common
stock, par value $0.0001 per share, of the Company (“Common Shares”) in the amount set forth on the signature
page hereto (the “Acquired Securities”) for the aggregate purchase price set forth on the signature page hereto
(the “Purchase Price”), representing a price per share of $10.00 (the “Purchase Price Per Share”)
and the Company desires to issue and sell to Subscriber the Acquired Securities in consideration of the payment of the Purchase
Price by or on behalf of Subscriber to the Company on or prior to the Closing (as defined below); and

 

WHEREAS,
in connection with the Transaction, certain other “qualified institutional buyers” (as defined in Rule 144A under
the Securities Act of 1933, as amended (the “Securities Act”)) and certain other institutional “accredited
investors” (as defined in Rule 501(a) under the Securities Act) have entered into separate subscription agreements with
the Company (the “Other Subscription Agreements”), pursuant to which such other investors have, together with
the undersigned, pursuant to this Subscription Agreement and the Other Subscription Agreements, agreed to purchase an aggregate
of 23,000,000 Common Shares at the Purchase Price (such other investors, the “Other Subscribers”).

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions,
herein contained, and intending to be legally bound hereby, the parties hereto hereby agree as follows:

 

1.
Subscription. Pursuant to the terms and subject to the conditions set forth herein, Subscriber hereby irrevocably subscribes
for and agrees to purchase, and the Company hereby agrees to issue and sell to Subscriber, upon the payment of the Purchase Price,
the Acquired Securities (such subscription and issuance, the “Subscription”).

 

     

     

    

 

2.
Closing.

  

a.
The closing of the Subscription contemplated hereby (the “Closing”) is contingent upon the substantially concurrent
consummation of the Transaction. The Closing shall occur on the date of the closing of the Transaction (the “Transaction
Closing Date”). Not less than five (5) business days prior to the scheduled closing date of the Transaction (the “Scheduled
Closing Date”), the Company shall provide written notice to Subscriber (the “Closing Notice”) specifying
(i) that the Company reasonably expects all conditions to the Closing to be satisfied on a date that is not less than five (5)
business days from the date of the Closing Notice and (ii) instructions for wiring the Purchase Price for the Acquired Securities.
The Subscriber shall deliver to the Company at least two (2) business days prior to the Scheduled Closing Date the Purchase Price
by wire transfer of U.S. dollars in immediately available funds to the account specified by the Company in the Closing Notice.
At Closing, the Company shall issue and deliver the Acquired Securities to Subscriber in book entry form, free and clear of any
liens or other restrictions whatsoever (other than those arising under state or federal securities laws), in the name of the undersigned
(or its nominee in accordance with its delivery instructions), by updating the register of members of the Company. The failure
of the Closing to occur on the Scheduled Closing Date shall not terminate this Subscription Agreement or otherwise relieve either
party of any of its obligations hereunder. If the closing of the Transaction does not occur within three (3) business days after
the Scheduled Closing Date specified in the Closing Notice, the Company shall promptly (but not later than one (1) business day
thereafter) return the Purchase Price to the Subscriber by wire transfer of U.S. dollars in immediately available funds to the
account specified by the undersigned. For purposes of this Subscription Agreement, “business day” shall mean any day
other than Saturday, Sunday or such other days on which banks located in New York, New York are required or authorized by applicable
law to be closed for business.

 

b.
The obligations of each of the parties hereto to consummate the Closing shall be subject to the following conditions:

 

(i)
no suspension of the qualification of the Common Shares or the shares of the Company’s common stock for offering or sale
or trading in the United States shall have occurred prior to the Closing;

 

(ii)
as of the Closing, no governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order,
law, rule or regulation which is then in effect and has the effect of making consummation of the transactions contemplated hereby
illegal or otherwise prohibiting or enjoining consummation of the transactions contemplated hereby; and

 

(iii)
the Transaction shall have been or will be consummated concurrently with the Closing.

 

c.
The obligation of the Company to consummate the purchase and sale of the Closing shall be subject to the condition that all representations
and warranties of the Subscriber contained in this Subscription Agreement are true and correct in all material respects at and
as of the Closing, and consummation of the Closing shall constitute a reaffirmation by the Subscriber of each of the representations,
warranties, covenants and agreements of the Investor contained in this Subscription Agreement as of the Closing.

 

d.
The obligation of the Subscriber to consummate the purchase and sale of the Closing pursuant to this Subscription Agreement shall
be subject to the following conditions:

 

(i)
that all representations and warranties of the Company contained in this Subscription Agreement shall be true and correct in all
material respects (other than representations and warranties that are qualified as to materiality or Material Adverse Effect (as
defined herein), which representations and warranties shall be true in all respects) at and as of the Closing, and consummation
of the Closing shall constitute a reaffirmation by the Company of each of the representations, warranties, covenants and agreements
of the Investor contained in this Subscription Agreement as of the Closing;

 

(ii)
the Company shall have performed or complied in all material respects with all agreements and covenants required by this Subscription
Agreement required to be performed or complied with by the Company prior to Closing; and

 

    2

     

    

  

(iii)
the terms of the Transaction Agreement shall not have been amended or modified in a manner that would materially and adversely
affect the undersigned without the undersigned’s prior written consent.

 

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

 

f.
At or prior to the Closing, Subscriber shall provide the Company with a properly completed and duly executed IRS Form W-9 or applicable
IRS Form W-8, as appropriate.

 

3.
Company Representations and Warranties. For purposes of this Section 3, the term “Company” shall refer to the
Company as of the date hereof and, for purposes of only the representations contained in paragraphs (f) and (k) of this Section
3 and to the extent such representations and warranties are made as of the Transaction Closing Date, the combined company after
giving effect to the Transaction. The Company represents and warrants to Subscriber that:

 

a.
The Company has been duly incorporated and is validly existing as a Delaware corporation and is in good standing under the laws
of Delaware, with corporate power and authority to own, lease and operate its properties and conduct its business as presently
conducted and to enter into, deliver and perform its obligations under this Subscription Agreement.

 

b.
As of the date of this Agreement, the Company is authorized to issue up to 100,000,000 Common Shares, 10,000,000 shares of Class
B common stock, par value $0.0001 per share (“Class B Common Shares”), and 1,000,000 shares of preferred stock,
par value of $0.0001 per share (“Preferred Shares”). As of the date of this Subscription Agreement: (i) 23,000,000
Common Shares are issued and outstanding, (ii) warrants representing 6,100,000 Common Shares (“Company Warrants”)
are issued and outstanding, (iii) Class B Common Shares representing 5,750,000 Common Shares on an as-converted basis are issued
and outstanding and (iv) no Preferred Shares are issued and outstanding. Except for the Company Warrants, the Common Shares, the
Class B Common Shares referenced above and the obligations of the Company under the Transaction Agreement and this Subscription
Agreement and subscription agreements with the Other Subscribers in connection with the Transaction, there are no outstanding,
and between the date hereof and the Closing, the Company will not issue or sell any (a) shares, equity interests or voting securities
of the Company, (b) securities of the Company convertible into or exchangeable for shares or other equity interests or voting
securities of the Company, (c) options, warrants or other rights (including preemptive rights) or agreements, arrangement or commitments
of any character, whether or not contingent, of the Company to acquire from any Person, and no obligation of the Company to issue,
any shares or other equity interests or voting securities of the Company or any securities convertible into or exchangeable for
such shares or other equity interest or voting securities, (d) equity equivalents or other similar rights of or with respect to
the Company, or (e) obligations of the Company to repurchase, redeem, or otherwise acquire any of the foregoing securities,
shares, options, equity equivalents, interests or rights. As of the date hereof, the Sponsor (as defined in the Transaction Agreement)
and its affiliates hold Class B Common Shares in an amount representing 5,750,000 Common Shares on an as-converted basis and 6,100,000
Company Warrants.

 

c.
The Acquired Securities will be, prior to the issuance and delivery to Subscriber against full payment thereof in accordance with
the terms of this Subscription Agreement and the Company’s amended and restated certificate of incorporation, duly authorized,
and when issued and delivered to the Subscriber, the Acquired Securities will be validly issued and will be fully paid and non-assessable
and will not have been issued in violation of or subject to any preemptive or similar rights created under the Company’s
amended and restated certificate of incorporation or under the laws of the state of Delaware.

 

    3

     

    

  

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

 

e.
The execution, delivery and performance of this Subscription Agreement (including the issuance and sale of the Acquired Securities
contemplated hereby and the compliance by the Company with all of the provisions of this Subscription Agreement applicable to
it and the consummation of the transactions contemplated hereby) will not (i) conflict with or result in a breach or violation
of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge
or encumbrance upon any of the property or assets of the Company or any of its subsidiaries pursuant to the terms of any indenture,
mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which the Company or any of its subsidiaries
is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company
or any of its subsidiaries is subject, which would reasonably be expected to have a material adverse effect on the business, properties,
financial condition, shareholders’ equity or results of operations of the Company and its subsidiaries, taken as a whole
(a “Material Adverse Effect”) or materially affect the validity of the Acquired Securities or the legal authority
of the Company to comply in all material respects with the terms of this Subscription Agreement; (ii) result in any violation
of the provisions of the organizational documents of the Company or any of its subsidiaries; or (iii) result in any violation
of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having
jurisdiction over the Company or any of its subsidiaries or any of their respective properties that would reasonably be expected
to have a Material Adverse Effect or materially affect the validity of the Acquired Securities or the legal authority of the Company
to comply in all material respects with this Subscription Agreement.

 

f.
The Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or
registration with, any court or other federal, state, local or other governmental authority or self-regulatory organization in
connection with the execution, delivery and performance of this Subscription Agreement (including, without limitation, the issuance
of the Acquired Securities), other than (i) filings with the Securities and Exchange Commission (the “Commission”),
(ii) filings required by applicable state securities laws, (iii) any filings required under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976 or similar antitrust laws, (iv) filings required by Nasdaq, including with respect to obtaining Company stockholder
approval, (v) consents, waivers, authorizations or filings that have been obtained or made on or prior to the Closing, (vi) filings
with the Commission, filings or registrations required by applicable state securities laws or Nasdaq and any consents, authorizations
or other filings, in each case, required or advisable to be filed in connection with the Transaction, (vii) applicable FCC filings
and (viii) where the failure of which to obtain such consents, waivers, authorizations or orders, give such notices, or to make
such filings or registrations would not be reasonably likely to have a Material Adverse Effect..

 

g.
The Company is in compliance with all applicable laws, except where such non-compliance would not be reasonably likely to have
a Material Adverse Effect.

 

    4

     

    

 

h.
The issued and outstanding Common Shares of the Company are registered pursuant to Section 12(b) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”), and are listed for trading on Nasdaq under the symbol “NPA”
(it being understood that the trading symbol will be changed in connection with the Transaction Closing). Except as disclosed
in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) and except for
such matters as have not had and would not be reasonably likely to have, individually or in the aggregate, a Material Adverse
Effect, there is no suit, action, proceeding or investigation pending or, to the knowledge of the Company, threatened against
the Company by Nasdaq or the SEC, respectively, to prohibit or terminate the listing of the Common Shares on Nasdaq or to deregister
the Common Shares under the Exchange Act. The Company has taken no action that is designed to terminate the registration of the
Common Shares under the Exchange Act.

 

i.
A copy of each form, report, statement, schedule, prospectus, proxy, registration statement and other document, if any, filed
by the Company with the SEC since its initial registration of the Common Shares under the Exchange Act and prior to the date hereof
(the “SEC Documents”) is available to the undersigned via the SEC’s EDGAR system. None of the SEC Documents
contained, when filed or, if amended, as of the date of such amendment with respect to those disclosures that are amended, any
untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading. The Company has timely filed
each report, statement, schedule, prospectus, and registration statement that the Company was required to file with the SEC since
its initial registration of the Common Shares under the Exchange Act. The financial statements of the Company included in the
SEC Documents comply in all material respects with applicable accounting requirements and the rules and regulations of the SEC
with respect thereto as in effect at the time of filing and fairly present in all material respects the financial condition of
the Company as of and for the dates thereof and the results of operations and cash flows for the periods then ended, subject,
in the case of unaudited statements, to normal, year-end audit adjustments. There are no material outstanding or unresolved comments
in comment letters from the staff of the Division of Corporation Finance (the “Staff”) of the SEC with respect
to any of the SEC Documents.

 

j.
Except for such matters as have not had and would not be reasonably likely to have, individually or in the aggregate, a Material
Adverse Effect, as of the date hereof, there is no action, lawsuit, claim or other proceeding, in each case by or before any governmental
authority pending, or, to the knowledge of the Company, threatened in writing against the Company. Except for such matters as
have not had and would not be reasonably likely to have, individually or in the aggregate, a Material Adverse Effect there is
no unsatisfied judgment, consent decree, injunction, or continuing order of any governmental authority or arbitrator outstanding
against the Company.

 

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

 

l.
The Company is not under any obligation to pay any broker’s fee or commission for the sale of the Acquired Securities hereunder
other than to the Placement Agents (as defined below).

 

m.
The Other Subscription Agreements reflect the same Purchase Price Per Share and other material economic terms with respect to
the purchase of the Acquired Securities that are no more favorable, in the aggregate, to such Other Subscriber thereunder in any
material respect than the terms of this Subscription Agreement. Following the date of this Subscription Agreement, there shall
have been no amendment to any of the Other Subscription Agreements that materially benefits any subscriber party thereto unless
the undersigned has been offered substantially the same benefits.

 

    5

     

    

 

4.
Subscriber Representations and Warranties. Subscriber represents and warrants to the Company and Barclays Bank PLC and
Deutsche Bank Securities, Inc. (together, the “Placement Agents” and each, a “Placement Agent”),
as of the date of this Subscription Agreement and as of the Closing, that:

 

a.
Subscriber has been duly formed or incorporated and is validly existing in good standing under the laws of its jurisdiction of
incorporation or formation, with power and authority to enter into, deliver and perform its obligations under this Subscription
Agreement.

 

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

 

c.
The execution, delivery and performance by Subscriber of this Subscription Agreement (including the compliance by the Subscriber
with all of the provisions of this Subscription Agreement applicable to it and the consummation of the transactions contemplated
hereby) will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default
under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of Subscriber
or any of its subsidiaries pursuant to the terms of any indenture, mortgage, deed of trust, loan agreement, lease, license or
other agreement or instrument to which Subscriber or any of its subsidiaries is a party or by which Subscriber or any of its subsidiaries
is bound or to which any of the property or assets of Subscriber or any of its subsidiaries is subject, which would reasonably
be expected to have a material adverse effect on the business, properties, financial condition, shareholders’ equity or
results of operations of Subscriber and its subsidiaries, taken as a whole (a “Subscriber Material Adverse Effect”)
or materially affect the legal authority of Subscriber to comply in all material respects with the terms of this Subscription
Agreement; (ii) result in any violation of the provisions of the organizational documents of Subscriber or any of its subsidiaries;
or (iii) result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency
or body, domestic or foreign, having jurisdiction over Subscriber or any of its subsidiaries or any of their respective properties
that would reasonably be expected to have a Subscriber Material Adverse Effect or materially affect the legal authority of Subscriber
to comply in all material respects with this Subscription Agreement.

 

d.
Subscriber (i) is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or an institutional
“accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act) satisfying
the applicable requirements set forth on Schedule A, (ii) is acquiring the Acquired Securities only for its own account
and not for the account of others, or if Subscriber is subscribing for the Acquired Securities as a fiduciary or agent for one
or more investor accounts, each owner of such account is a qualified institutional buyer, and Subscriber has full investment discretion
with respect to each such account, and the full power and authority to make the acknowledgements, representations and agreements
herein on behalf of each owner of each such account, and (iii) is not acquiring the Acquired Securities with a view to, or for
offer or sale in connection with, any distribution thereof in violation of the Securities Act and shall provide the requested
information on Schedule A following the signature page hereto. Subscriber is not an entity formed for the specific
purpose of acquiring the Acquired Securities.

 

e.
Subscriber (i) is an institutional account as defined in FINRA Rule 4512(c), (ii) is a sophisticated investor, experienced in
investing in private equity transactions and capable of evaluating investment risks independently, both in general and with regard
to all transactions and investment strategies involving a security or securities and (iii) has exercised independent judgment
in evaluating its participation in the purchase of the Acquired Shares.

 

    6

     

    

 

f.
Subscriber understands that the Acquired Securities are being offered in a transaction not involving any public offering within
the meaning of the Securities Act and that the Acquired Securities have not been registered under the Securities Act. Subscriber
understands that the Acquired Securities may not be resold, transferred, pledged (except in ordinary course prime brokerage relationships)
or otherwise disposed of by Subscriber absent an effective registration statement under the Securities Act, except (i) to the
Company or a subsidiary thereof, (ii) to non-U.S. persons pursuant to offers and sales that occur outside the United States within
the meaning of Regulation S under the Securities Act or (iii) pursuant to another applicable exemption from the registration requirements
of the Securities Act, and that any book-entry position or certificates representing the Acquired Securities shall contain a legend
to such effect. Subscriber understands and agrees that the Acquired Securities will be subject to transfer restrictions and, as
a result of these transfer restrictions, Subscriber may not be able to readily resell the Acquired Securities and may be required
to bear the financial risk of an investment in the Acquired Securities for an indefinite period of time. Subscriber understands
that it has been advised to consult legal counsel prior to making any offer, resale, pledge or transfer of any of the Acquired
Securities.

 

g.
Subscriber acknowledges and agrees that each of the Placement Agents is acting solely as Placement Agent in connection with the
Transaction and is not acting as an underwriter or in any other capacity and is not and shall not be construed as a fiduciary
for the Subscriber, the Company or any other person or entity in connection with the Transaction, (b) the Placement Agents have
not made and will not make any representation or warranty, whether express or implied, of any kind or character and have not provided
any advice or recommendation in connection with the Transaction, (c) the Placement Agents will have no responsibility with respect
to (i) any representations, warranties or agreements made by any person or entity under or in connection with the Transaction
or any of the documents furnished pursuant thereto or in connection therewith, or the execution, legality, validity or enforceability
(with respect to any person) of any thereof, or (ii) the business, affairs, financial condition, operations, properties or prospects
of, or any other matter concerning the Company or the Transaction, and (d) the Placement Agents and their advisors shall have
no liability or obligation (including without limitation, for or with respect to any losses, claims, damages, obligations, penalties,
judgments, awards, liabilities, costs, expenses or disbursements incurred by Subscriber, the Company or any other person or entity),
whether in contract, tort or otherwise, to Subscriber, or to any person claiming through the undersigned, in respect of the Transaction.

 

h.
Subscriber understands and agrees that Subscriber is purchasing the Acquired Securities directly from the Company. Subscriber
further acknowledges that there have been no representations, warranties, covenants or agreements made to Subscriber by the Company
or its affiliates or any of their respective officers or directors, or the Company’s agents (including the Placement Agents)
expressly or by implication, other than those representations, warranties, covenants and agreements included in this Subscription
Agreement.

 

i.
Either (i) the Subscriber is not a Benefit Plan Investor as contemplated by the Employee Retirement Income Security Act of 1974,
as amended (“ERISA”), or (ii) Subscriber’s acquisition and holding of the Acquired Securities will not
constitute or result in a non-exempt prohibited transaction under Section 406 of ERISA, Section 4975 of the Internal Revenue Code
of 1986, as amended (the “Code”), or any applicable similar law.

 

j.
In making its decision to purchase the Acquired Securities, Subscriber represents that it has relied solely upon independent investigation
made by Subscriber. Subscriber acknowledges and agrees that Subscriber has received such information as Subscriber deems necessary
in order to make an investment decision with respect to the Acquired Securities, including with respect to the Company, AST&S
and the Transaction. Without limiting the generality of the foregoing, Subscriber acknowledges that it has reviewed the Company’s
filings with the SEC, and Subscriber has not relied on any statements or other information provided by the Placement Agents concerning
the Company or the Acquired Shares or the offer and sale of the Acquired Shares. Subscriber represents and agrees that Subscriber
and Subscriber’s professional advisor(s), if any, have had the full opportunity to ask such questions, receive such answers
and obtain such information as Subscriber and such Subscriber’s professional advisor(s), if any, have deemed necessary to
make an investment decision with respect to the Acquired Securities.

 

    7

     

    

  

k.
Subscriber became aware of this offering of the Acquired Securities solely by means of direct contact between Subscriber, on the
one hand, and the Company, the Placement Agents, AST&S and/or their respective advisors (including without limitation, attorneys,
accountants, bankers, consultants, financial advisors), agents, control persons, representatives, affiliates, directors, officers,
managers, members, and/or employees, and/or the representatives of such persons (such parties, collectively “Representatives”),
on the other hand. The Acquired Securities were offered to Subscriber solely by direct contact between Subscriber and the Company,
the Placement Agents, AST&S and/or their respective Representatives. Subscriber acknowledges that it is not relying upon,
and has not relied upon, any statement, representation or warranty made by any person or entity (including, without limitation,
the Company, the Placement Agents or their respective Representatives), other than the representations and warranties contained
in this Subscription Agreement, in making its investment or decision to invest in the Company. Subscriber did not become aware
of this offering of the Acquired Securities, nor were the Acquired Securities offered to Subscriber, by any other means, and none
of the Company, the Placement Agents, AST&S or their respective Representatives acted as investment adviser, broker or dealer
to Subscriber. Subscriber acknowledges that the Company represents and warrants that the Acquired Securities (i) were not offered
by any form of general solicitation or general advertising and (ii) are not being offered in a manner involving a public offering
under, or in a distribution in violation of, the Securities Act, or any state securities laws.

 

l.
Subscriber acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Acquired
Securities. Subscriber is able to fend for itself in the transactions completed herein. Subscriber has such knowledge and experience
in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Acquired Securities
and has the ability to bear the economic risks of such investment in the Acquired Shares and can afford a complete loss of such
investments. Subscriber has sought such accounting, legal and tax advice as Subscriber has considered necessary to make an informed
investment decision.

 

m.
Alone, or together with any professional advisor(s), Subscriber represents and acknowledges that Subscriber has adequately analyzed
and fully considered the risks of an investment in the Acquired Securities and determined that the Acquired Securities are a suitable
investment for Subscriber and that Subscriber is able at this time and in the foreseeable future to bear the economic risk of
a total loss of Subscriber’s investment in the Company. Subscriber acknowledges specifically that a possibility of total
loss exists.

 

n.
Subscriber understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the
Acquired Securities or made any findings or determination as to the fairness of this investment.

 

    8

     

    

 

o.
Subscriber represents and warrants that Subscriber is not (i) a person or entity named on the List of Specially Designated Nationals
and Blocked Persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”),
or in any Executive Order issued by the President of the United States and administered by OFAC, or a person or entity prohibited
by any OFAC sanctions program or a person or entity whose property and interests in property subject to U.S. jurisdiction are
otherwise blocked under any U.S. laws, Executive orders or regulations, (ii) a person or entity listed on the Sectoral Sanctions
Identifications (“SSI”) List maintained by OFAC or otherwise determined by OFAC to be subject to one or more
of the Directives issued under Executive Order 13662 of March 20, 2014, or on any other of the OFAC Consolidated Sanctions Lists,
(iii) an entity owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more persons described
in subsections (i) or (ii), (iv) a person or entity named on the U.S. Department of Commerce, Bureau of Industry and Security
Denied Persons List, Entity List, or Unverified List (“BIS Lists”) (collectively with (i) through (iv), a “Restricted
Person”), or (v) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank. Subscriber
agrees to provide law enforcement agencies, if requested thereby, such records as required by applicable law, provided that Subscriber
is permitted to do so under applicable law.  Subscriber represents that if it is a financial institution subject to the Bank
Secrecy Act (31 U.S.C. Section 5311 et seq.) (the “BSA”), as amended by the USA PATRIOT Act of 2001 (the “PATRIOT
Act”), and its implementing regulations (collectively, the “BSA/PATRIOT Act”), that Subscriber maintains
policies and procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act.  Subscriber
also represents that, it maintains policies and procedures reasonably designed for the screening of its investors against the
OFAC and BIS sanctions programs, including for Restricted Persons, and otherwise to ensure compliance with all applicable sanctions
and embargo laws, statutes, and regulations.  Subscriber further represents and warrants that it maintains policies and procedures
reasonably designed to ensure that the funds held by Subscriber and used to purchase the Acquired Securities were legally derived.

 

p.
Subscriber has or has enforceable commitments to have, and at least one (1) business day prior to the Scheduled Closing Date will
have, sufficient funds to pay the Purchase Price pursuant to Section 2(a) of this Subscription Agreement and consummate the Closing
when required pursuant to this Subscription Agreement.

 

q.
No disclosure or offering document has been prepared by the Placement Agents in connection with the offer and sale of the Acquired
Securities. The Placement Agents and each of their respective directors, officers, employees, representatives and controlling
persons have made no independent investigation with respect to the Company or the Acquired Securities or the accuracy, completeness
or adequacy of any information supplied to the Investor by the Company. In connection with the issue and purchase of the Shares,
the Placement Agents have not acted as the Investor’s financial advisors or fiduciaries.

 

5.
Registration Rights.

 

a.
The Company agrees that, within thirty (30) calendar days after the consummation of the Transaction (the “Filing Deadline”),
the Company will file with the SEC (at the Company’s sole cost and expense) a registration statement to register under and
in accordance with the provisions of the Securities Act, the resale of all Registrable Securities (as defined below) on Form S-3
or Form S-1, which shall be the sole decision of the Company (which shall be filed pursuant to Rule 415 under the Securities Act
as a secondary-only registration statement), if the Company is then eligible for such short form, or any similar or successor
short form registration or, if the Company is not then eligible for such short form registration or would not be able to register
for resale all of the Registrable Securities on Form S-3, on Form S-1 or any similar or successor long form registration (the
“Registration Statement”). The Company shall use its commercially reasonable efforts to have the Registration
Statement declared effective by the SEC as soon as practicable after the filing thereof, but no later than sixty (60) calendar
days following the Filing Deadline (the “Effectiveness Deadline”); provided, that the Effectiveness
Deadline shall be extended to ninety (90) calendar days after the Filing Deadline if the Registration Statement is reviewed by,
and receives comments from, the SEC; provided, however, that the Company’s obligations to include the Registrable
Securities of a Holder in the Registration Statement are contingent upon such Holder furnishing in writing to the Company such
information regarding such Holder, the securities of the Company held by Holder and the intended method of disposition of the
Registrable Securities as shall be reasonably requested by the Company to effect the registration of the Registrable Securities,
and shall execute such documents in connection with such registration as the Company may reasonably request that are customary
of a selling shareholder in similar situations.

 

    9

     

    

  

b.
Notwithstanding anything to the contrary in this Subscription Agreement, the Company shall be entitled to delay or postpone the
effectiveness of the Registration Statement, and from time to time to require the Subscriber not to sell under the Registration
Statement or to suspend the effectiveness thereof, if the negotiation or consummation of a transaction by the Company or its subsidiaries
is pending or an event has occurred, which negotiation, consummation or event, the Company’s board of directors reasonably
believes, upon the advice of legal counsel, would require additional disclosure by the Company in the Registration Statement of
material information that the Company has a bona fide business purpose for keeping confidential and the non-disclosure of which
in the Registration Statement would be expected, in the reasonable determination of the Company’s board of directors, upon
the advice of legal counsel, to cause the Registration Statement to fail to comply with applicable disclosure requirements (each
such circumstance, a “Suspension Event”); provided, however, that (i) the Company may not delay or suspend the Registration
Statement on more than three occasions or for more than forty-five (45) consecutive calendar days, or more than ninety (90) total
calendar days, in each case during any twelve-month period, and (ii) the Company shall use commercially reasonable efforts to
make the Registration Statement available for the sale by Subscriber of its Shares as soon as practicable thereafter.. Upon receipt
of any written notice from the Company of the happening of any Suspension Event (which notice shall not contain material non-public
information) during the period that the Registration Statement is effective or if as a result of a Suspension Event the Registration
Statement or related prospectus contains any untrue statement of a material fact or omits to state any material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made (in
the case of the prospectus) not misleading, the Subscriber agrees that (i) it will immediately discontinue offers and sales of
the Shares under the Registration Statement (excluding, for the avoidance of doubt, sales conducted pursuant to Rule 144) until
such Subscriber receives copies of a supplemental or amended prospectus (which the Company agrees to promptly prepare) that corrects
the misstatement(s) or omission(s) referred to above and receives notice that any post-effective amendment has become effective
or unless otherwise notified by the Company that it may resume such offers and sales, and (ii) it will maintain the confidentiality
of any information included in such written notice delivered by the Company unless otherwise required by law or subpoena. If so
directed by the Company, the Subscriber will deliver to the Company or, in such Subscriber’s sole discretion destroy, all
copies of the prospectus covering the Acquired Securities in the Subscriber’s possession; provided, however, that this obligation
to deliver or destroy all copies of the prospectus covering the Shares shall not apply (A) to the extent the Subscriber is required
to retain a copy of such prospectus (1) in order to comply with applicable legal, regulatory, self-regulatory or professional
requirements or (2) in accordance with a bona fide pre-existing document retention policy or (B) to copies stored electronically
on archival servers as a result of automatic data back-up.

 

    10

     

    

 

c.
The Company will provide a draft of the Registration Statement to the Holder for review at least three (3) business days in advance
of filing the Registration Statement. In no event shall any Holder be identified as a statutory underwriter in the Registration
Statement unless required by the SEC; provided, that if the SEC requests that the Subscriber be identified as a statutory
underwriter in the Registration Statement, the Subscriber will have an opportunity to withdraw from the Registration Statement.
Notwithstanding the foregoing, if the SEC prevents the Company from including any or all of the shares proposed to be registered
under the Registration Statement due to limitations on the use of Rule 415 of the Securities Act for the resale of the Registrable
Securities by the Holders or otherwise, such Registration Statement shall register for resale such number of Common Shares which
is equal to the maximum number of Common Shares as is permitted by the SEC. In such event, the number of Common Shares to be registered
for each selling shareholder named in the Registration Statement shall be reduced pro rata among all such selling shareholders.
The Company will use its commercially reasonable efforts to maintain the continuous effectiveness of the Registration Statement
until all such securities cease to be Registrable Securities (as defined below) or such shorter period upon which all Holders
with Registrable Securities included in such Registration Statement have notified the Company that such Registrable Securities
have actually been sold. The Company will use its commercially reasonable efforts to (i) cause the removal of all restrictive
legends from any Acquired Securities being sold under the Registration Statement or pursuant to Rule 144 at the time of sale of
such Registrable Securities and, at the request of a Holder, cause the removal of all restrictive legends from any Registrable
Securities held by such Holder that may be sold by such Holder without restriction under Rule 144, including without limitation,
any volume and manner of sale restrictions, (ii) cause its legal counsel to deliver the necessary legal opinions, if any, to the
transfer agent in connection with the instruction under subclause (i) upon the receipt of such supporting documentation, if any,
as reasonably requested by such counsel, and (iii) ensure that any Registrable Securities being sold under the Registration Statement
or pursuant to Rule 144 at the time of sale of such Registrable Securities will be eligible for clearance and settlement through
the facilities of The Depository Trust Company. The Company will use commercially reasonable efforts to file all reports, and
provide all customary and reasonable cooperation, necessary to enable Holder to resell Registrable Securities pursuant to the
Registration Statement or Rule 144 under the Securities Act (“Rule 144”), as applicable, qualify the Registrable
Securities for listing on the applicable stock exchange, update or amend the Registration Statement as necessary to include Registrable
Securities and provide customary notice to Holders. “Registrable Securities” shall mean, as of any date of
determination, the Acquired Securities and any other equity security issued or issuable with respect to the Acquired Securities
by way of share split, dividend, distribution, recapitalization, merger, exchange, replacement or similar event. As to any particular
Registrable Securities, once issued, such securities shall cease to be Registrable Securities at the earliest of (A) the date
all Acquired Securities held by a Holder may be sold by such Holder without restriction under Rule 144, including without limitation,
any volume and manner of sale restrictions which may be applicable to affiliates under Rule 144, other than the requirement for
the Issuer to be in compliance with the current public information required under Rule 144(c), (C) when they shall have ceased
to be outstanding or (D) three years from the date of effectiveness of the Registration Statement. “Holder”
shall mean the Subscriber or affiliate of the Subscriber to which the rights under this Section 5 shall have been assigned.

 

d.
The Company shall, notwithstanding any termination of this Subscription Agreement, indemnify, defend and hold harmless Subscriber
and any other Holder, the officers, directors, trustees, agents, partners, members, managers, shareholders, affiliates, employees
and investment advisers of each of them, each person who controls Subscriber (within the meaning of Section 15 of the Securities
Act or Section 20 of the Exchange Act and the officers, directors, trustees, agents, partners, members, managers, shareholders,
affiliates, employees and investment advisers of each such controlling person, to the fullest extent permitted by applicable law,
from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation
and investigation and reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred,
that arise out of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in the Registration
Statement, any prospectus included in the Registration Statement or any form of prospectus or in any amendment or supplement thereto
or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission to state a material fact required
to be stated therein or necessary to make the statements therein (in the case of any prospectus or form of prospectus or supplement
thereto, in light of the circumstances under which they were made) not misleading, or (ii) any violation or alleged violation
by the Company of the Securities Act, Exchange Act or any state securities law or any rule or regulation thereunder, in connection
with the performance of its obligations under this Section 6, except insofar as and to the extent, but only to the extent, that
such untrue statements omissions or alleged omissions are based solely upon information regarding Subscriber furnished in writing
to the Company by Subscriber expressly for use therein. The Company shall notify Subscriber and each other Holder promptly of
the institution, threat or assertion of any proceeding arising from or in connection with the transactions contemplated by this
Section 6 of which the Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of an indemnified party and shall survive the transfer of the Acquired Securities by Subscriber or any other
Holder.

 

    11

     

    

  

e.
Subscriber or any Holder shall, severally and not jointly with any other purchaser, indemnify and hold harmless the Company, its
directors, officers, agents and employees, each person who controls the Company (within the meaning of Section 15 of the Securities
Act and Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling persons, to the
fullest extent permitted by applicable law, from and against all Losses, as incurred, arising out of or are based upon any untrue
or alleged untrue statement of a material fact contained in any Registration Statement, any prospectus included in the Registration
Statement, or any form of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out
of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements
therein (in the case of any prospectus, or any form of prospectus or supplement thereto, in light of the circumstances under which
they were made) not misleading to the extent, but only to the extent, that such untrue statements or omissions are based solely
upon information regarding Subscriber or any Holder furnished to the Company in writing by Subscriber or such Holder expressly
for use therein. In no event shall the liability of Subscriber or any Holder be greater in amount than the dollar amount of the
net proceeds received by Subscriber or such Holder upon the sale of the Acquired Securities giving rise to such indemnification
obligation.

 

6.
Termination. This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights
and obligations of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof,
upon the earlier to occur of (a) such date and time as the Transaction Agreement is terminated in accordance with its terms, (b)
upon the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement, (c) if any of the conditions
to Closing set forth in Section 2 of this Subscription Agreement that are not waived by the Subscriber are not satisfied, or are
not capable of being satisfied, on or prior to the Closing and, as a result thereof, the transactions contemplated by this Subscription
Agreement are not and will not be consummated at the Closing, or (d) closing of the Transaction does not occur prior to 11:59
p.m. prevailing New York City time on the Outside Closing Date (as defined below); provided, that nothing herein will relieve
any party hereto from liability for any willful breach hereof (including for the avoidance of doubt Subscriber’s willful
breach of Section 2(b)(ii) of this Subscription Agreement with respect to its representations and warranties as of the Closing
Date) prior to the time of termination, and each party hereto will be entitled to any remedies at law or in equity to recover
losses, liabilities or damages arising from such breach. The Company shall notify Subscriber of the termination of the Transaction
Agreement promptly after the termination of the Transaction Agreement. “Outside Closing Date” means the deadline
for the Company to consummate its initial business combination pursuant to its organizational documents, which is initially March
15, 2021; provided, however, that, the “Outside Closing Date” may be extended as provided in the Transaction
Agreement.

 

7.
No Short Sales. The Subscriber hereby agrees that, from the date of this Subscription Agreement, none of the undersigned,
its controlled affiliates, or any person or entity acting on behalf of the undersigned or any of its controlled affiliates or
pursuant to any understanding with the undersigned or any of its controlled affiliates will engage in any Short Sales with respect
to securities of the Company prior to the Closing. For purposes of this Section 7, “Short Sales” shall include, without
limitation, all “short sales” as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and
all types of direct and indirect stock pledges (other than pledges in the ordinary course of business as part of prime brokerage
arrangements), forward sale contracts, options, puts, calls, swaps and similar arrangements (including on a total return basis),
and sales and other transactions through non-U.S. broker dealers or foreign regulated brokers. Notwithstanding the foregoing,
(i) nothing herein shall prohibit other entities under common management with Subscriber that have no knowledge of this Subscription
Agreement or of Subscriber’s participation in the Subscription (including the Subscriber’s controlled affiliates and/or
affiliates) from entering into any Short Sales and (ii) in the case of a Subscriber that is a multi-managed investment vehicle
whereby separate portfolio managers manage separate portions of such Subscriber’s assets and the portfolio managers have
no knowledge of the investment decisions made by the portfolio managers managing other portions of such Subscriber’s assets,
the representation set forth above shall only apply with respect to the portion of assets managed by the portfolio manager that
made the investment decision to purchase the Acquired Shares covered by this Subscription Agreement; provided, however, that if
any other portfolio manager is aware of the investment decision to purchase the Acquired Shares covered by this Subscription Agreement,
the representation set forth above shall also apply to with respect to the portion of assets managed such portfolio manager.

 

    12

     

    

  

8.
Trust Account Waiver. Subscriber acknowledges that the Company is a blank check company formed for the purpose of effecting
a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Subscriber further acknowledges that, as described in the Company’s final prospectus, dated November 21, 2019, related to
its initial public offering (the “Prospectus”) available at www.sec.gov, substantially all of the Company’s
assets consist of the cash proceeds of the Company’s initial public offering and private placements of its securities, and
substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit
of the Company, its public shareholders and the underwriters of the Company’s initial public offering. Except with respect
to interest earned on the funds held in the Trust Account that may be released to the Company to pay its tax obligations, if any,
the cash in the Trust Account may be disbursed only for the purposes set forth in the Prospectus. For and in consideration of
the Company entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, Subscriber,
on behalf of itself and its Representatives, hereby irrevocably waives any and all right, title and interest, or any claim of
any kind they have or may have in the future, in or to any monies held in the Trust Account and agrees not to seek recourse or
make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription
Agreement, the transactions contemplated hereby or the Acquired Securities regardless of whether such claim arises based on contract,
tort, equity or any other theory of legal liability, provided, however, that nothing in this Section 8 shall be
deemed to limit any Subscriber’s right, title, interest or claim to the Trust Account by virtue of such Subscriber’s
record or beneficial ownership of securities of the Company acquired by any means other than pursuant to this Subscription Agreement,
including but not limited to any redemption right with respect to any such securities of the Company. Subscriber acknowledges
and agrees that it shall not have any redemption rights with respect to the Acquired Securities pursuant to the Company’s
organizational documents in connection with the Transaction or any other business combination, any subsequent liquidation of the
Trust Account, the Company or otherwise. In the event Subscriber has any claim against the Company as a result of, or arising
out of, this Subscription Agreement, the transactions contemplated hereby or the Acquired Securities, it shall pursue such claim
solely against the Company and its assets outside the Trust Account and not against the Trust Account or any monies or other assets
in the Trust Account.

 

9.
Miscellaneous.

 

a.
The Company shall, no later than 9:00 a.m., New York City time, on the second (2nd) business day immediately following the date
this Subscription Agreement is accepted by the Company as set forth on the Company’s signature page hereto, issue one or
more press releases or file with the Commission a Current Report on Form 8-K (collectively, the “Disclosure Document”)
disclosing all material terms of the transactions contemplated hereby and the Transaction. From and after the issuance of the
Disclosure Document, the undersigned shall not be in possession of any material, non-public information received from the Company
or any of its officers, directors or employees.

 

b.
Subscriber acknowledges that the Company, the Placement Agents and others will rely on the acknowledgments, understandings, agreements,
representations and warranties contained in this Subscription Agreement. Prior to the Closing, Subscriber agrees to promptly notify
the Company if any of the acknowledgments, understandings, agreements, representations and warranties set forth herein are no
longer accurate in all material respects.

 

    13

     

    

  

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

 

d.
Neither this Subscription Agreement nor any rights that may accrue to Subscriber hereunder (other than the Acquired Securities
acquired hereunder, if any) may be transferred or assigned; provided, however, that Subscriber may assign this Subscription
Agreement to an affiliate subject to the assignee executing a joinder in a form acceptable to the Company; provided, further,
that any such assignment shall not relieve Subscriber of any of its obligations hereunder unless and until the assignee satisfies
such obligations in their entirety.

 

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

 

f.
The Company may request from Subscriber such additional information as the Company may reasonably deem necessary to evaluate the
eligibility of Subscriber to acquire the Acquired Securities, and Subscriber shall provide such information as may be reasonably
requested, to the extent readily available and to the extent consistent with its internal policies and procedures and provided
that the Company shall keep any such information provided by the Subscriber confidential.

 

g.
This Subscription Agreement may not be modified, waived or terminated except (i) by an instrument in writing, signed by the party
against whom enforcement of such modification, waiver, or termination is sought and (ii) after obtaining prior written consent
from the Company and the Subscriber; provided, that Sections 4 and 8(h) of this Subscription Agreement may not be amended,
terminated or waived in a manner that is material and adverse to the either of the Placement Agents without the written consent
of the affected Placement Agent.

 

h.
This Subscription Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations
and warranties, both written and oral, among the parties, with respect to the subject matter hereof expect that any confidentiality
agreement with respect to the undersigned or its affiliates shall remain in full force and effect.

 

i.
Except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties
hereto and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements,
representations, warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon,
such heirs, executors, administrators, successors, legal representatives and permitted assigns. The parties hereto agree that
the Placement Agents are express third-party beneficiaries of their express rights in Section 3, Section 4, Section 8(f) and this
Section 8(h) of this Subscription Agreement. Each of the parties hereto and the Placement Agents shall be entitled to seek and
obtain equitable relief, without proof of actual damages, including an injunction or injunctions or order for specific performance
to prevent breaches of this Subscription Agreement and to enforce specifically the terms and provisions of this Subscription Agreement
to cause the Company to cause, or directly cause, Subscriber to fund the Purchase Price and cause the Closing to occur if the
conditions in Section 2(b) have been satisfied or, to the extent permitted by applicable law, waived. Each party hereto further
agrees that the none of the parties hereto or the Placement Agents shall be required to obtain, furnish or post any bond or similar
instrument in connection with or as a condition to obtaining any remedy referred to in this Section 8(h), and each party hereto
irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument.

 

    14

     

    

  

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

 

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

 

l.
The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Subscription Agreement
were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
shall be entitled to an injunction or injunctions to prevent breaches of this Subscription Agreement and to enforce specifically
the terms and provisions of this Subscription Agreement, this being in addition to any other remedy to which such party is entitled
at law, in equity, in contract, in tort or otherwise.

 

m.
THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT
OF NEW YORK AND THE SUPREME COURT OF THE STATE OF NEW YORK SOLELY IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS
OF THIS SUBSCRIPTION AGREEMENT AND THE DOCUMENTS REFERRED TO IN THIS SUBSCRIPTION AGREEMENT AND IN RESPECT OF THE TRANSACTIONS
CONTEMPLATED HEREBY, AND HEREBY WAIVE, AND AGREE NOT TO ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR PROCEEDING FOR INTERPRETATION
OR ENFORCEMENT HEREOF OR ANY SUCH DOCUMENT THAT IS NOT SUBJECT THERETO OR THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT
OR IS NOT MAINTAINABLE IN SAID COURTS OR THAT VENUE THEREOF MAY NOT BE APPROPRIATE OR THAT THIS SUBSCRIPTION AGREEMENT OR ANY
SUCH DOCUMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS, AND THE PARTIES HERETO IRREVOCABLY AGREE THAT ALL CLAIMS WITH RESPECT
TO SUCH ACTION, SUIT OR PROCEEDING SHALL BE HEARD AND DETERMINED BY SUCH A NEW YORK STATE OR FEDERAL COURT. THE PARTIES HEREBY
CONSENT TO AND GRANT ANY SUCH COURT JURISDICTION OVER THE PERSON OF SUCH PARTIES AND OVER THE SUBJECT MATTER OF SUCH DISPUTE AND
AGREE THAT MAILING OF PROCESS OR OTHER PAPERS IN CONNECTION WITH SUCH ACTION, SUIT OR PROCEEDING IN THE MANNER PROVIDED IN SECTION
8(l) OF THIS SUBSCRIPTION AGREEMENT OR IN SUCH OTHER MANNER AS MAY BE PERMITTED BY LAW SHALL BE VALID AND SUFFICIENT SERVICE THEREOF.

 

EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SUBSCRIPTION AGREEMENT. EACH PARTY CERTIFIES
AND ACKNOWLEDGES THAT (I) 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; (II) SUCH PARTY UNDERSTANDS
AND HAS CONSIDERED THE IMPLICATIONS OF THE FOREGOING WAIVER; (III) SUCH PARTY MAKES THE FOREGOING WAIVER VOLUNTARILY AND
(IV) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS SUBSCRIPTION AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND
CERTIFICATIONS IN THIS SECTION 8(l).

  

n.
This Subscription Agreement shall be governed by and construed in accordance with the laws of the State of New York.

 

[Signature
Pages Follow]

 

    15

     

    

 

IN
WITNESS WHEREOF, each of the Company and Subscriber has executed or caused this Subscription Agreement to be executed by its
duly authorized representative as of the date set forth below.

 

		

NEW
PROVIDENCE ACQUISITION CORP.

	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	Date: ____________________		

 

Signature
Page to Subscription Agreement

 

     

     

    

 

SUBSCRIBER:
 

 

Signature of Subscriber:     

 

	By:	            	 
	 	Name:	 
	 	Title:	 

 

	

        Date:
        __________________________
	 
	 	 
	Name
of Subscriber:

                                                                                                 

        _____________________________

        

(Please print. Please indicate name and

capacity of person signing above)
	

        Name
        of Joint Subscriber, if applicable:

        

        _____________________________

(Please Print. Please indicate name and

        capacity of person signing above)

	 

        

        _____________________________

Name in which shares are to be registered

        (if different):
	 
	 	 
	Email
    Address: _______________________	 
	 	 
	Subscriber’s
    EIN: __________________________	 
	 	 
	Business Address:

                                                          

                                                         

                                                         _____________________________

                                                          

                                                         _____________________________
	 
	 	 
	Attn:
    __________________________	 
	 	 
	Telephone
    No.: __________________________	 
	 	 
	Facsimile
    No.: __________________________	 
	 	 
	Aggregate
    Number of Common Shares subscribed for: __________
	 
	Jurisdiction
    of residency: __________________________
	 
	Aggregate
    Purchase Price: $ ____________	 

 

You
must pay the Purchase Price by wire transfer of United States dollars in immediately available funds to the account specified
by the Company in the Closing Notice.

 

Signature
Page to Subscription Agreement

  

     

     

    

 

SCHEDULE
A

ELIGIBILITY REPRESENTATIONS OF SUBSCRIBERS

 

		A.	QUALIFIED
INSTITUTIONAL BUYER STATUS

(Please check the applicable subparagraphs):

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

		2.	We
are subscribing for the Acquired Securities as a fiduciary or agent for one or more investor accounts, and each owner of such
account is a QIB.

 

		***OR***	

 

		B.	ACCREDITED
INVESTOR STATUS

(Please check the applicable subparagraphs):

		1.	We
are an “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act or an
entity in which all of the equity holders are accredited investors within the meaning of Rule 501(a)(1), (2), (3) or (7) under
the Securities Act), and have marked and initialed the appropriate boxes on the following page indicating all provisions under
which we qualify as an “accredited investor.”

		2.	We
are not a natural person.

 

		***AND***	

 

		C.	AFFILIATE
STATUS

(Please check the applicable box)

SUBSCRIBER:

 is:

is
not:

 

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

 

		***AND***	

 

		D.	INSTITUTIONAL
ACCOUNT STATUS

(Please check the applicable box)

 is:

is
not:

an “Institutional Account” (as defined in FINRA 4512(c)).

 

    Schedule A-1

     

    

 

This
page should be completed by Subscribers

and constitutes a part of the Subscription Agreement.

 

Rule
501(a), in relevant part, states that an “accredited investor” shall mean any person who comes within any of the below
listed categories, or who the issuer reasonably believes comes within any of the below listed categories, at the time of the sale
of the securities to that person. Subscriber has indicated, by marking and initialing the appropriate box below, the provision(s)
below which apply to Subscriber and under which Subscriber accordingly qualifies as an “accredited investor.”

 

☐
Any bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined
in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary capacity;

 

☐
Any broker or dealer registered pursuant to Section 15 of the Exchange Act;

 

☐
Any insurance company as defined in Section 2(a)(13) of the Securities Act;

 

☐
Any investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section
2(a)(48) of that Act;

 

☐
Any Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small
Business Investment Act of 1958;

 

☐
Any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its
political subdivisions for the benefit of its employees, if such plan has total assets in excess of $5,000,000;

 

☐
Any employee benefit plan, within the meaning of ERISA, if a bank, insurance company, or registered investment adviser makes the
investment decisions, or if the plan has total assets in excess of $5,000,000;

 

☐
Any private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;

 

☐
Any organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust,
or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;
or

 

☐
Any trust with assets in excess of $5,000,000, not formed to acquire the securities offered, whose purchase is directed by a sophisticated
person.

 

 

 

Schedule A-2

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