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FORM OF
STOCK OPTION AWARD AGREEMENT
(Non-Qualified Stock Option)
THIS STOCK OPTION AGREEMENT (this “Agreement”), dated as of December __, 2020 (the “Grant Date”), is between Air T, Inc., a Delaware corporation (the “Company”), and ___________ (“Optionee”).
R E C I T A L S
A.    The Company has adopted the 2020 Omnibus Stock and Incentive Plan (the “Plan”) to provide a flexible vehicle through which it may, among other things, offer equity-based compensation incentives in the form of, among other things, options to purchase shares of the Company’s common stock, $.25 par value per share (the “Common Stock”), to officers, employees, directors or consultants of the Company in order to attract, motivate, reward and retain such personnel and to further align the interests of such personnel with those of the stockholders of the Company.
B.    Optionee is eligible to receive a stock option under the Plan and, upon proper execution and delivery of a Notice of Exercise in the form attached hereto and the Company’s receipt of the applicable exercise price in accordance with this Agreement and the Plan, to receive shares of Common Stock.
C.    The Company desires to grant to Optionee an option to purchase shares of Common Stock, and Optionee is willing to accept such option, upon the terms and subject to the conditions set forth in this Agreement and the Plan.
D.    Capitalized terms that are used but not defined in this Agreement shall have the meanings specified in the Plan.
NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants contained herein, agree as follows:
1.    Option. The Company hereby grants to Optionee an unvested, non-qualified option to purchase up to__________  shares of Common Stock (the “Option Shares”) at an exercise price equal to the applicable Test Price therefor as set forth on Schedule 1 hereto (the “Option”). The Option shall be subject to the terms and provisions of this Agreement and of the Plan, which is incorporated herein by reference. The Option may not be exercised after the relevant “Expiration Date” therefor set forth in Schedule 1 hereto.
This Option is subject to stockholder approval of the Plan at the Company’s next annual stockholder meeting.  In the event approval is not obtained at such meeting, this Option shall be immediately null and void and Optionee shall have no rights hereunder.
2.    Vesting. The Option shall vest and may be exercised for the indicated “Percentage of Option Shares Vested” if the relevant Test Price for the Common Stock is satisfied as of the 

relevant test date (each, a “Test Date”), in accordance with Schedule 1 hereto. “Test Price” means the volume-weighted average price of the Common Stock for the sixty (60) trading day period immediately preceding the relevant Test Date as calculated by Bloomberg (or its successor). 
For avoidance of doubt, the Test Prices and number of Option Shares set forth above shall be subject to adjustment for any capital changes of the Company as provided in Section 10.1 of the Plan.
Notwithstanding the foregoing or any other provision of this Agreement to the contrary, in the event of a Change in Control, Section 10.2 of the Plan shall control the vesting, exercisability and termination of the Option.
3.    Term. 
(a)    Subject to the other provisions of this Agreement and the Plan, the Option shall continue in effect as to the respective Option Shares (the “Term”): (x) until such Option Shares are no longer capable of vesting in accordance with the schedule set forth in Schedule 1 hereto, or (y) for such Option Shares that have vested in accordance with the schedule set forth in Schedule 1 hereto, until the date that is ten (10) years from the applicable Test Date on which the Option vested.  By way of example: (1) if the Test Price of $23.86 is not satisfied for the Test Date of June 30, 2022 (Test Date #1), then the Option as to 1.67% of the Option Shares available for vesting in Tranche 1 on Test Date #1 shall terminate (as such Option Shares are no longer eligible for vesting), (2) assuming the facts in foregoing subpart (1) of these examples, if the Test Price of $23.86 is not satisfied for the Test Date of June 30, 2022, then the Option as to the rest of the 16.67% of Option Shares available to vest on Test Date #1 subject to the various Test Prices in Tranches 2-6 for the June 20, 2022 Test Date shall terminate (as such Option Shares are no longer eligible for vesting), and (3) assuming the facts in subpart (1) of these examples, if the Test Price is $26.00 for the Test Date of June 30, 2022, then the Option as to Tranches 1-4 of the Option Shares subject to Test Date #1 shall vest and Optionee may exercise the Option for such vested Option Shares in whole or in part at any time and from time to time until the Expiration Date for such Option Shares of June 20, 2032 and the remaining Option Shares for the June 30, 2022 Test Date (Tranches 5-6) shall terminate  as such Option Shares did not vest and are no longer eligible for vesting.
(b)    Notwithstanding the foregoing or anything in this Agreement to the contrary:
(i)    in the event of Optionee’s Termination of Service for any reason other than for Cause, then:
    (x) any portion of the Option that is vested and exercisable as of the Termination Date shall remain exercisable until its Expiration Date; and
    (y) any portion of the Option that is not vested as of the Termination Date shall thereupon terminate; provided, however, that if Optionee’s term of employment with, or other service to, the Company or 
									
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its subsidiaries as of the Termination Date equals or exceeds five (5) years, then any portion of the Option that is not vested as of the Termination Date may be continued and remain outstanding beyond the Termination Date on such terms as may be approved by at least two-thirds (2/3) of the members of the Board (provided, further, that such two-thirds (2/3) Board approval must occur within ninety (90) days after the Termination Date), or 
(ii)    in the event of Optionee’s Termination of Service for Cause, then the not then vested portion or exercisable portion of the Option shall immediately terminate in full and cease to be exercisable. The vested portion of any Option shall be terminable upon at least a 2/3 vote of the Board.
(c)    For purposes of this Agreement: 
(i)    “Cause” means: (i) if Optionee is a party to an employment or service agreement with the Company or its subsidiaries and such agreement provides a definition of Cause, the definition contained therein, or (ii) if no such agreement exists, or if such agreement does not define Cause: (A) the commission of, or plea of guilty or no contest to, a felony or a crime involving moral turpitude or the commission of any other act involving willful malfeasance or material fiduciary breach with respect to the Company or its affiliates; (B) conduct that brings or is reasonably likely to bring the Company or its affiliates negative publicity or into public disgrace, embarrassment, or disrepute; (C) gross negligence or willful misconduct with respect to the Company or its affiliates; (D) material violation of state or federal securities laws; or (E) material violation of the Company’s written policies or codes of conduct, including written policies related to discrimination, harassment, performance of illegal or unethical activities, and ethical misconduct, in each cash as determined under procedures established by the Committee or the Board.
(ii)    “Termination Date” means, except as otherwise set forth above, the date of Optionee’s Termination of Service.
4.    Manner of Exercising Option.
(a)    Subject to the satisfaction of the conditions contained in this Agreement, the Option may be exercised for vested Option Shares by delivering a Notice of Exercise in the form attached hereto as Exhibit A, to the Company, at its principal headquarters (attention: Chief Financial Officer), which presently is located at 5930 Balsom Ridge Road, Denver, North Carolina 28037, duly completed and executed by Optionee or his or her legal representative, together with payment in full for the shares of Common Stock purchased thereby.  Payment may also be made by means of any method permitted by the Plan and approved by the Committee, such as the delivery of a promissory note or surrender of Shares.
(b)    Notwithstanding anything in this Agreement to the contrary, at the sole discretion of the Committee or the Board, the aggregate exercise price of the portion of this Option being exercised shall be paid, in whole or in part, (i) by cash or check payable to the 
									
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Company; (ii) by surrender to the Company of that number of fully paid and non-assessable shares of Common Stock owned by Optionee based on the Fair Market Value equal to applicable exercise price; or (iii) by means of a “net value” exercise which reduces the number of Option Shares to be received upon such exercise to a “Net Number” of Option Shares determined according to the following formula:
Net Number = (A x (B - C))/B. For purposes of the foregoing formula:
A = the total number of Option Shares with respect to which this Option is then being exercised;
B = the Fair Market Value of the Common Stock on the trading date immediately preceding the date of the applicable exercise of this Option; and
C = the exercise price then in effect at the time of such exercise.
If the Committee or the Board has not previously designated a form of payment for the exercise price, then the exercise price shall be deemed payable by a “net value” exercise pursuant to foregoing subpart (iii).
It is specifically intended that any such exercise contemplated hereunder be exempt from the “short-swing profit” rule of Section 16(b) of the Exchange Act of 1934, as amended (the “Exchange Act”), as provided by Rule 16b-3 of the Exchange Act.
5.    Tax Withholding. 
(a)    At the time the Option is exercised, in whole or in part, or at any time thereafter as requested by the Company, Optionee hereby authorizes withholding from payroll and any other amounts payable to Optionee, and otherwise agrees to make adequate provision for any sums required to satisfy the federal, state, local and foreign tax (including any social insurance) withholding obligations of the Company, if any, which arise in connection with the Option. The Company shall have no obligation to deliver shares of Common Stock until the tax withholding obligations of the Company have been satisfied by Optionee.
(b)    The Company shall have the right, but not the obligation, to require Optionee to satisfy all or any portion of the Company’s tax withholding obligations upon exercise of the Option by deducting from the shares of Common Stock otherwise issuable to Optionee upon such exercise a number of shares of Common Stock having a Fair Market Value on the trading date immediately preceding the date of exercise, not in excess of the amount of such tax withholding obligations determined by the applicable minimum statutory withholding rates. The Company may require Optionee to direct a broker, upon the exercise of the Option, to sell a portion of the shares of Common Stock subject to the Option determined by the Company in its discretion to be sufficient to cover the tax withholding obligations of the Company and to remit an amount equal to such tax withholding obligations to the Company in cash.
6.    No Transfer or Assignment. The Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by (i) will and by the laws of descent and distribution and (ii) during the lifetime of Optionee, to the extent and in the manner authorized by the Committee or the Board, but only to the extent such transfers are made to 
									
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family members, to family trusts, to family controlled entities, to charitable organizations, and pursuant to domestic relations orders, in all cases without payment for such transfers, and subject to compliance with all applicable laws and regulations, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the requirements of any stock exchange or market upon which the Common Stock may then be listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance. Any purported sale, pledge, assignment, hypothecation, transfer, or disposition in contravention of this Section 7 shall be null and void ab initio.
7.    Compliance with Laws and Regulations.
(a)    The Company will not be obligated to issue or deliver shares of Common Stock pursuant to this Agreement unless the issuance and delivery of such shares complies with all applicable laws and regulations, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the requirements of any stock exchange or market upon which the Common Stock may then be listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance.
(b)    In connection with the exercise of this Option, Optionee will execute and deliver to the Company such representations in writing as may be requested by the Company that it may comply with the applicable requirements of federal and state securities laws.
8.    Notices. All notices, requests, demands, waivers, consents, approvals or other communications pursuant to this Agreement shall be in writing and delivered to the Company at its principal headquarters (attention: Chief Financial Officer), which presently is located at 5930 Balsom Ridge Road, Denver, North Carolina 28037, or to Optionee at the residence address reflected in the records maintained by the Company.
9.    No Rights of Shareholder. Neither Optionee nor any legal representative of Optionee shall be, or have any of the rights and privileges of, a stockholder of the Company with respect to any shares subject to the Option except to the extent that certificates for such shares shall have been issued upon the exercise of the Option as provided for herein.
10.    Construction. The Committee or the Board shall have exclusive authority to interpret and construe the Plan, the Option and this Agreement, and its determinations with respect thereto shall be final and binding on the Company and Optionee. In the event of any conflict between the Plan and this Agreement, the terms of the Plan shall control.
11.    No Rights to Continued Service. Nothing contained in this Agreement shall confer upon Optionee any right with respect to the continuation of his or her employment or other service with the Company or its subsidiaries or interfere in any way with the right of the Company and its subsidiaries at any time to terminate such employment or other service or to increase or decrease, or otherwise adjust, the other terms and conditions of Optionee’s employment or other service.
12.    Employment Agreement. The shares granted in this Award are contingent upon the execution of an Employment Agreement between the Company and the Optionee upon terms commensurate with Optionee’s current employment and satisfactory to the Company’s 
									
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Compensation Committee. Said Employment Agreement must be executed within sixty (60) days from the date of this Award Agreement, or the shares granted in this Award will automatically terminate.
13.    Entire Agreement; Amendment. This Agreement and the Plan sets forth the entire understanding of the parties hereto with respect to the subject matter hereof. This Agreement may not be amended or supplemented except by a written instrument duly executed by each of the parties hereto; provided, however, that the Committee or the Board may amend the terms of this Agreement at any time without the written consent of Optionee provided that such amendment does not materially adversely affect the rights of Optionee.
14.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its principles of conflict of laws.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer, and Optionee has executed this Agreement, effective as of the day and year above written.
AIR T, INC.     OPTIONEE:

By:            Signature:     
    Name:        Name:     
    Title:            

									
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EXHIBIT A
NOTICE OF EXERCISE
TO:    Air T, Inc.
The undersigned hereby exercises his/her option to purchase _____ shares of Common Stock of Air T, Inc., a Delaware corporation (the “Company”), as provided in the Stock Option Agreement dated as of ________________, at an exercise price of $____ per share, for an aggregate exercise price of $ _____________ (the “Exercise Price”).
The undersigned is hereby paying the Exercise Price as follows (check one of the following):
____ (i) The undersigned has received the prior approval of the Company that it will satisfy the Exercise Price by cash or check and has enclosed herewith payment by cash or check made payable to the order of the Company in the amount of the Exercise Price; or
____ (ii) The undersigned has received the prior approval of the Company that it will accept payment of the Exercise Price by the surrender to the Company of that number of fully paid and non-assessable shares of Common Stock owned by the undersigned Optionee which have an aggregate Fair Market Value equal to the Exercise Price and the undersigned has therefore enclosed herewith stock certificate number __ representing a total of ______ shares of Common Stock in order to surrender to the Company ____ shares of Common Stock in payment of the Exercise Price; or
____ (iii) The undersigned has received the prior approval of the Company that it will accept payment of the Exercise Price by means of a “net value” exercise and the undersigned hereby requests the Company to deliver to him/her ______ shares of Common Stock (the number of shares derived by a net value exercise) in full satisfaction of the exercise hereunder.
The undersigned hereby represents and warrants that it is his/her present intention to acquire and hold the aforesaid shares of Common Stock of the Company for his/her own account for investment, and not with a view to the distribution of any thereof, and agrees that he/she will make no sale, thereof, except in compliance with the applicable provisions of the Securities Act of 1933, as amended.

Signature:        
Name (print)        
Address:        
        
									
			

Dated:        

									
	15480741	-2-Exhibit 10.1

 

Execution Version

 

SUBSCRIPTION AGREEMENT

 

This SUBSCRIPTION AGREEMENT
(this “Subscription Agreement”) is entered into on February 11, 2021, by and between Fusion Acquisition Corp.,
a Delaware corporation (the “Company”), and the undersigned subscriber (“Subscriber”).

 

WHEREAS, concurrently
with the execution of this Subscription Agreement, the Company is entering into a definitive agreement with MoneyLion Inc., a Delaware
corporation (“MoneyLion”), and the other parties thereto, providing for a business combination between the Company
and MoneyLion (the “Merger Agreement” and the transactions contemplated by the Merger Agreement, the “Transaction”);

 

WHEREAS, in connection
with the Transaction, Subscriber desires to subscribe for and purchase from the Company, immediately prior to the consummation
of the Transaction, that number of shares of the Company’s Class A Common Stock, par value $0.0001 per share (the “Class
A Common Stock”), set forth on the signature page hereto (the “Subscribed Shares”) for a purchase
price of $10.00 per share (the “Per Share Price” and the aggregate of such Per Share Price for all Subscribed
Shares being referred to herein as the “Purchase Price”), and the Company desires to issue and sell to Subscriber
the Subscribed Shares in consideration of the payment of the Purchase Price by or on behalf of Subscriber to the Company; and

 

WHEREAS, on or about
the date of this Subscription Agreement, the Company is entering into subscription agreements (the “Other Subscription
Agreements” and together with the Subscription Agreement, the “Subscription Agreements”) with certain
other investors (the “Other Subscribers” and together with Subscriber, the “Subscribers”),
pursuant to which such Subscribers have agreed to purchase on the closing date of the Transaction, inclusive of the Subscribed
Shares, an aggregate amount of 25,000,000 shares of Class A Common Stock, at the Per Share Price for an aggregate purchase price,
inclusive of the Purchase Price, of $250,000,000.

 

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:

 

Section 1. Subscription.
Subject to the terms and conditions hereof, at the Closing (as defined below), Subscriber hereby subscribes for and agrees to purchase
from the Company, and the Company hereby agrees to issue and sell to Subscriber, upon the payment of the Purchase Price, the Subscribed
Shares (such subscription and issuance, the “Subscription”).

 

Section 2. Closing.

 

(a) The consummation
of the Subscription contemplated hereby (the “Closing”) shall occur on the closing date of the Transaction (the
“Closing Date”), immediately prior to and conditioned upon the effectiveness of the consummation of the Transaction.

 

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(b) At least five (5)
Business Days before the anticipated Closing Date, the Company shall deliver written notice to Subscriber (the “Closing
Notice”) specifying (i) the anticipated Closing Date and (ii) the wire instructions for delivery of the Purchase Price
to the Company. No later than two (2) Business Days prior to the Closing Date as set forth in the Closing Notice, Subscriber shall
deliver the Purchase Price for the Subscribed Shares by wire transfer of United States dollars in immediately available funds to
the account specified by the Company in the Closing Notice, such funds to be held by the Company in escrow until the Closing. Upon
satisfaction (or, if applicable, waiver) of the conditions set forth in this Section 2, the Company shall deliver to Subscriber
(i) at the Closing, the Subscribed Shares in book entry form, free and clear of any liens or other restrictions (other than those
arising under this Subscription Agreement, the organizational documents of the Company or applicable securities laws), in the name
of Subscriber (or its nominee or custodian in accordance with its delivery instructions) (and the Purchase Price shall be released
from escrow automatically and without further action by the Company or the Subscriber), and (ii) as promptly as practicable after
the Closing, evidence from the Company’s transfer agent of the issuance to Subscriber of the Subscribed Shares on and as
of the Closing Date. Notwithstanding the foregoing two sentences, if Subscriber informs the Company (1) that it is an investment
company registered under the Investment Company Act of 1940, as amended, (2) that it is advised by an investment adviser subject
to regulation under the Investment Advisers Act of 1940, as amended, or (3) that its internal compliance policies and procedures
so require it, then, in lieu of the settlement procedures in the foregoing two sentences, the following shall apply: Subscriber
shall deliver at 8:00 a.m. New York City time on the Closing Date (or as soon as practicable following receipt of evidence from
the Company’s transfer agent of the issuance to Subscriber of the Subscribed Shares on and as of the Closing Date) the Purchase
Price for the Subscribed Shares by wire transfer of United States dollars in immediately available funds to the account specified
by the Company in the Closing Notice against delivery by the Company to Subscriber of the Subscribed Shares in book entry form,
free and clear of any liens or other restrictions (other than those arising under this Subscription Agreement or applicable securities
laws), in the name of Subscriber (or its nominee in accordance with its delivery instructions) and evidence from the Company’s
transfer agent of the issuance to Subscriber of the Subscribed Shares on and as of the Closing Date. In the event that the consummation
of the Transaction does not occur within one (1) Business Day after the anticipated Closing Date specified in the Closing Notice,
unless otherwise agreed to in writing by the Company and the Subscriber, the Company shall promptly (but in no event later than
two (2) Business Days after the anticipated Closing Date specified in the Closing Notice) return the funds so delivered by Subscriber
to the Company by wire transfer in immediately available funds to the account specified by Subscriber, and any book entries shall
be deemed cancelled. Notwithstanding such return or cancellation (x) a failure to close on the anticipated Closing Date shall not,
by itself, be deemed to be a failure of any of the conditions to Closing set forth in this Section 2 to be satisfied or
waived on or prior to the Closing Date, and (y) unless and until this Subscription Agreement is terminated in accordance with Section
6 herein, Subscriber shall remain obligated (A) to redeliver funds to the Company following the Company’s delivery to
Subscriber of a new Closing Notice in accordance with this Section 2 and (B) to consummate the Closing upon satisfaction
of the conditions set forth in this Section 2. For the purposes of this Subscription Agreement, “Business Day”
means any day other than a Saturday or Sunday, or any other day on which banks located in New York, New York are required or authorized
by law to be closed for business.

 

(c) The Closing shall
be subject to the satisfaction, or valid waiver in writing by each of the parties hereto, of the conditions that, on the Closing
Date:

 

		(i)	all conditions precedent to the closing of the Transaction
set forth in Article VIII of the Merger Agreement shall have been satisfied (as determined by the parties to the Merger Agreement)
or waived in writing by the person with the authority to make such waiver (other than those conditions which, by their nature,
are to be satisfied at the closing of the Transaction pursuant to the Merger Agreement), and the closing of the Transaction shall
be scheduled to occur substantially concurrently with the Closing;

 

		(ii)	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 the consummation
of the transactions contemplated hereby illegal or otherwise restraining or prohibiting consummation of the transactions contemplated
hereby; and

 

		(iii)	the shares of Class A Common Stock shall be approved for
listing on the New York Stock Exchange (the “Stock Exchange”) subject only to official notice of issuance.

 

    2

     

    

 

(d) The obligation
of the Company to consummate the Closing shall be subject to the satisfaction or valid waiver in writing by the Company of the
additional conditions that, on the Closing Date:

 

		(i)	all representations and warranties of Subscriber 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 Subscriber Material Adverse Effect (as defined below), which representations and warranties
shall be true and correct in all respects) at and as of the Closing Date (except to the extent that any such representation and
warranty expressly speaks as of an earlier date, in which case such representation and warranty shall be true and correct in all
material respects (other than representations and warranties that are qualified as to materiality or Subscriber Material Adverse
Effect, which representations and warranties shall be true and correct in all respects) as of such earlier date), and consummation
of the Closing shall constitute a reaffirmation by Subscriber of each of the representations, warranties and agreements of Subscriber
contained in this Subscription Agreement as of the Closing Date, but without giving effect to consummation of the Transaction,
or as of such earlier date, as applicable, except, in each case, where the failure of such representations and warranties to be
true and correct (whether as of the Closing Date or such earlier date), taken as a whole, does not result in a Subscriber Material
Adverse Effect; and

 

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

 

(e) The obligation
of Subscriber to consummate the Closing shall be subject to the satisfaction or valid waiver in writing by Subscriber of the additional
conditions that, on the Closing Date:

 

		(i)	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 Company Material Adverse Effect (as defined below), which representations and warranties shall
be true and correct in all respects) at and as of the Closing Date (except to the extent that any such representation or warranty
expressly speaks as of an earlier date, in which case such representation and warranty shall be true and correct in all material
respects (other than representations and warranties that are qualified as to materiality or Company Material Adverse Effect, which
representations and warranties shall be true and correct in all respects) as of such earlier date), and consummation of the Closing
shall constitute a reaffirmation by the Company of each of the representations, warranties and agreements of the Company contained
in this Subscription Agreement as of the Closing Date, but without giving effect to consummation of the Transaction, or as of
such earlier date, as applicable, except, in each case, where the failure of such representations and warranties to be true and
correct (whether as of the Closing Date or such earlier date), taken as a whole, does not result in a Company Material Adverse
Effect;

 

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

 

    3

     

    

 

		(iii)	the Merger Agreement (as filed with the Commission on or
immediately following the date hereof) shall not have been amended, modified, supplemented or waived in a manner that would reasonably
be expected to materially and adversely affect the economic benefits that Subscriber would reasonably expect to receive under
this Subscription Agreement; and

 

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

 

(f) Prior to or at
the Closing, Subscriber shall deliver all such other information as is reasonably requested in order for the Company to issue the
Subscribed Shares to Subscriber, including, without limitation, the legal name of the person in whose name the Subscribed Shares
are to be issued (or the Subscriber’s nominee in accordance with its delivery instructions) and a duly completed and executed
Internal Revenue Service Form W-9 or appropriate Form W-8.

 

Section 3. Company
Representations and Warranties. The Company represents and warrants to Subscriber that:

 

(a) The Company (i)
is validly existing and in good standing under the laws of the State of Delaware, (ii) has the requisite power and authority to
own, lease and operate its properties, to carry on its business as it is now being conducted and to enter into and perform its
obligations under this Subscription Agreement, and (iii) is duly licensed or qualified to conduct its business and, if applicable,
is in good standing under the laws of each jurisdiction (other than its jurisdiction of incorporation) in which the conduct of
its business or the ownership of its properties or assets requires such license or qualification, except, with respect to the foregoing
clause (iii), where the failure to be in good standing would not reasonably be expected to have a Company Material Adverse
Effect. For purposes of this Subscription Agreement, a “Company Material Adverse Effect” means an event, change,
development, occurrence, condition or effect with respect to the Company that, individually or in the aggregate, would reasonably
be expected to have a material adverse effect on the business, properties, financial condition, stockholders’ equity or results
of operations of the Company or its subsidiaries individually or taken as a whole, or materially affects the legal authority and
ability of the Company to comply with the terms of this Subscription Agreement, including the issuance and sale of the Subscribed
Shares, or the Transaction.

 

(b) The Subscribed
Shares have been duly authorized and, when issued and delivered to Subscriber against full payment therefor in accordance with
the terms of this Subscription Agreement, will be validly issued, fully paid and non-assessable, free and clear of all liens or
other restrictions (other than those arising under this Subscription Agreement, the organizational documents of the Company or
applicable securities laws), and will not have been issued in violation of, or subject to, any preemptive or similar rights created
under the Company’s governing and organizational documents or the laws of the State of Delaware.

 

(c) This Subscription
Agreement has been duly authorized, validly executed and delivered by the Company, and assuming the due authorization, execution
and delivery of the same by Subscriber, this Subscription Agreement shall constitute the valid and legally binding obligation of
the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium and similar laws affecting creditors generally and by the availability of equitable remedies.

 

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(d) Assuming the accuracy
of the representations and warranties of Subscriber set forth in Section 4 of this Subscription Agreement, the execution
and delivery of this Subscription Agreement, the issuance and sale of the Subscribed Shares hereunder, the compliance by the Company
with all of the provisions of this Subscription Agreement and the consummation of the transactions contemplated herein will not
conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result
in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Company pursuant to
the terms of (i) any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which
the Company is a party or by which the Company is bound or to which any of the property or assets of the Company is subject, (ii)
the organizational documents of the Company, or (iii) any statute or any judgment, order, rule or regulation of any court or governmental
agency or body, domestic or foreign, having jurisdiction over the Company or any of its properties that, in the case of clauses
(i) and (iii), would reasonably be expected to have a Company Material Adverse Effect.

 

(e) The Company is
not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with,
any court or other federal, state, local or other governmental authority, self-regulatory organization (including the Stock Exchange)
or other person in connection with the execution, delivery and performance of this Subscription Agreement (including, without limitation,
the issuance of the Subscribed Shares), other than (i) filings required by applicable state securities laws, (ii) the filing of
the Registration Statement (as defined below) pursuant to Section 5 below, (iii) filings required by the United States Securities
and Exchange Commission (the “Commission”), (iv) those required by the Stock Exchange, including with respect
to obtaining stockholder approval, if applicable, (v) those required to consummate the Transaction as provided under the Merger
Agreement, (vi) the filing of notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, if applicable, and (vii)
those the failure of which to obtain would not have a Company Material Adverse Effect.

 

(f) Except for such
matters as have not had and would not reasonably be expected to have a Company Material Adverse Effect, there is no (i) suit, action,
proceeding or arbitration before a governmental authority or arbitrator pending, or, to the knowledge of the Company, threatened
in writing against the Company or (ii) judgment, decree, injunction, ruling or order of any governmental authority or arbitrator
outstanding against the Company.

 

(g) Assuming the accuracy
of Subscriber’s representations and warranties set forth in Section 4 of this Subscription Agreement, no registration
under the Securities Act of 1933, as amended (the “Securities Act”) or any state securities (or Blue Sky) laws
is required for the offer and sale of the Subscribed Shares by the Company to Subscriber.

 

(h) 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) in connection with any offer or sale of the Subscribed Shares. The Subscribed Shares 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. Neither the Company nor any person acting on the Company’s behalf has, directly or indirectly, at any time within the
past six (6) months, made any offer or sale of any security or solicitation of any offer to buy any security under circumstances
that would (i) eliminate the availability of the exemption from registration under Regulation D under the Securities Act in
connection with the offer and sale by the Company of the Subscribed Shares as contemplated hereby or (ii) cause the offering
of the Subscribed Shares pursuant to this Subscription Agreement to be integrated with prior offerings by the Company for purposes
of the Securities Act or any applicable stockholder approval provisions. Neither the Company nor any person acting on the Company’s
behalf has offered or sold or will offer or sell any securities, or has taken or will take any other action, which would reasonably
be expected to subject the offer, issuance or sale of the Subscribed Shares, as contemplated hereby, to the registration provisions
of the Securities Act.

 

    5

     

    

 

(i) No “bad actor”
disqualifying event described in Rule 506(d)(1)(i)-(viii) of the Securities Act (a “Disqualification Event”)
is applicable to the Company, except for a Disqualification Event as to which Rule 506(d)(2)(ii–iv) or (d)(3) is applicable.

 

(j) The Company is
in compliance with all applicable laws and has not received any written communication from a governmental entity that alleges that
the Company is not in compliance with or is in default or violation of any applicable law, except where such non-compliance, default
or violation would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect. The
Company is in all material respects in compliance with applicable provisions of the Sarbanes-Oxley Act of 2002, as amended, and
the rules and regulations thereunder.

 

(k) The Class A Common
Stock is eligible for clearing through The Depository Trust Company (the “DTC”), through its Deposit/Withdrawal
At Custodian (DWAC) system, and the Company is eligible and participating in the Direct Registration System (DRS) of DTC with respect
to the Class A Common Stock. The Company’s transfer agent is a participant in DTC’s Fast Automated Securities Transfer
Program. The Class A Common Stock is not, and has not been at any time, subject to any DTC “chill,” “freeze”
or similar restriction with respect to any DTC services, including the clearing of shares of Class A Common Stock through DTC.

 

(l) Except for J.P.
Morgan Securities, Inc., Citigroup Global Markets Inc., Cantor Fitzgerald & Co. and Odeon Capital Group, LLC (together, the
“Placement Agents”), no broker or finder is entitled to any brokerage or finder’s fee or commission solely
in connection with the sale of the Subscribed Shares to Subscriber. The Company is solely responsible for the payment of any fees,
costs, expenses and commissions of the Placement Agents.

 

(m) As of their respective
dates, each form, report, statement, schedule, prospectus, proxy, registration statement and other document required to be filed
by the Company with the Commission prior to the date hereof (the “SEC Documents”) complied in all material respects
with the requirements of the Securities Act and the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and the rules and regulations of the Commission promulgated thereunder, and none of the SEC Documents, when filed, or if amended
prior to the date of this Subscription Agreement, as of the date of such amendment with respect to those disclosures that were
amended, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or
necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
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 Commission with respect thereto as in effect at the time of filing and fairly
present in all material respects the financial position 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,
and such consolidated financial statements have been prepared in conformity with United States generally accepted accounting principles
applied on a consistent basis during the periods involved (“GAAP”) (except as may be disclosed therein or in
the notes thereto, and except that the unaudited financial statements may not contain all footnotes required by GAAP). A copy of
each SEC Document is available to each Subscriber via the Commission’s EDGAR system. The Company has timely filed each report,
statement, schedule, prospectus, and registration statement that the Company was required to file with the Commission since its
initial registration of the Class A Common Stock with the Commission and through the date hereof. There are no material outstanding
or unresolved comments in comment letters from the staff of the Division of Corporation Finance of the Commission with respect
to any of the SEC Documents as of the date hereof.

 

    6

     

    

 

(n) As of the date
hereof, the authorized share capital of the Company consists of 400,000,000 shares of common stock (the “Common Stock”),
including 380,000,000 shares of Class A Common Stock and 20,000,000 shares of Class B common stock, par value $0.0001 per share
(the “Class B Common Stock”), and 1,000,000 preferred shares, par value $0.0001 per share (“Preferred
Shares”). As of the date hereof and immediately prior to the Closing and prior to giving effect to the Transaction: (i)
35,000,000 shares of Class A Common Stock, 8,750,000 shares of Class B Common Stock and no Preferred Shares were issued and outstanding;
(ii) 17,500,000 warrants, each exercisable to purchase one share of Class A Common Stock at $11.50 per share, and 8,100,000 private
placement warrants, each exercisable to purchase one share of Class A Common Stock at $11.50 per share (together “Warrants”),
were issued and outstanding; and (iii) no Common Stock was subject to issuance upon exercise of outstanding options. No Warrants
are exercisable on or prior to the Closing. All (A) issued and outstanding shares of Common Stock have been duly authorized and
validly issued, are fully paid and non-assessable and are not subject to preemptive rights or similar and (B) outstanding Warrants
have been duly authorized and validly issued, are fully paid and are not subject to preemptive or similar rights. As of the date
hereof, except as set forth above and pursuant to (1) the Other Subscription Agreements, or (2) the Merger Agreement, there are
no outstanding options, warrants or other rights to subscribe for, purchase or acquire from the Company any Common Stock or other
equity interests in the Company (collectively, “Equity Interests”) or securities convertible into or exchangeable
or exercisable for Equity Interests. Except as set forth in the Merger Agreement, as of the date hereof, the Company has no subsidiaries
and does not own, directly or indirectly, interests or investments (whether equity or debt) in any person, whether incorporated
or unincorporated. There are no stockholder agreements, voting trusts or other agreements or understandings to which the Company
is a party or by which it is bound relating to the voting of any Equity Interests, other than as contemplated by the Merger Agreement.
Except as described in the SEC Documents, there are no securities or instruments issued by or to which the Company is a party containing
anti-dilution or similar provisions that will be triggered by the issuance of (i) the Subscribed Shares or (ii) the shares to be
issued pursuant to any Other Subscription Agreement.

 

(o) The issued and
outstanding shares of Class A Common Stock are registered pursuant to Section 12(b) of the Exchange Act, and are listed for trading
on the Stock Exchange under the symbol “FUSE.” There is no suit, action, proceeding or investigation pending or, to
the knowledge of the Company, threatened against the Company by the Stock Exchange or the Commission with respect to any intention
by such entity to deregister the shares of Class A Common Stock or prohibit or terminate the listing of the shares of Class A Common
Stock on the Stock Exchange. The Company has taken no action that is designed to terminate the registration of the shares of Class
A Common Stock under the Exchange Act.

 

(p) Upon consummation
of the Transaction, the issued and outstanding shares of Class A Common Stock will continue to be registered pursuant to Section
12(b) of the Exchange Act and will be listed for trading on the Stock Exchange.

 

(q) The Company is
not, and immediately after receipt of payment for the Subscribed Shares and consummation of the Transaction, will not be, an “investment
company” within the meaning of the Investment Company Act of 1940, as amended.

 

(r) The Company has
not entered into any subscription agreement, side letter or other agreement with any Other Subscriber or any other investor in
connection with such Other Subscriber’s or investor’s direct or indirect investment in the Company other than (i) the
Other Subscription Agreements and (ii) the letter agreement, dated June 25, 2020, by and among the Fusion Sponsor LLC, the Company
and the other parties thereto. The Other Subscription Agreements have not been amended in any material respect following the date
of this Subscription Agreement and reflect the same Per Share Price and other terms with respect to the purchase of the Subscribed
Shares that are no more favorable to such Subscriber thereunder than the terms of this Subscription Agreement other than terms
particular to the regulatory requirements of such subscriber or its affiliates or related fund.

 

    7

     

    

 

(s) Neither the Company
nor anyone acting on its behalf has, directly or indirectly, offered the Subscribed Shares or any similar securities for sale to,
or solicited any offer to buy the Subscribed Shares or any similar securities from, or otherwise approached or negotiated in respect
thereof with, any person other than the Subscriber and a limited number of other accredited investors, each of which has been offered
the Subscribed Shares at a private sale for investment. Neither the Company nor anyone acting on its behalf has taken, or will
take, any action that would subject the issuance or sale of the Subscribed Shares to the registration requirements of section 5
of the Securities Act or to the registration requirements of any securities or blue sky laws of any applicable jurisdiction.

 

Section 4. Subscriber
Representations and Warranties. Subscriber represents and warrants to the Company that:

 

(a) Subscriber (i)
is validly existing and in good standing under the laws of its jurisdiction of formation or incorporation and (ii) has the requisite
power and authority to enter into and perform its obligations under this Subscription Agreement.

 

(b) This Subscription
Agreement has been duly authorized, validly executed and delivered by Subscriber, and assuming the due authorization, execution
and delivery of the same by the Company, this Subscription Agreement shall constitute the valid and legally binding obligation
of Subscriber, enforceable against Subscriber in accordance with its terms, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium and similar laws affecting creditors generally and by the availability of equitable remedies.

 

(c) The execution,
delivery and performance of this Subscription Agreement, the purchase of the Subscribed Shares hereunder, the compliance by Subscriber
with all of the provisions of this Subscription Agreement and the consummation of the transactions contemplated herein will not
conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result
in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of Subscriber pursuant to the
terms of (i) any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which Subscriber
is a party or by which Subscriber is bound or to which any of the property or assets of Subscriber is subject; (ii) the organizational
documents of Subscriber; or (iii) any statute or any judgment, order, rule or regulation of any court or governmental agency or
body, domestic or foreign, having jurisdiction over Subscriber or any of its properties that in the case of clauses (i) and (iii),
would have a Subscriber Material Adverse Effect. For purposes of this Subscription Agreement, a “Subscriber Material Adverse
Effect” means an event, change, development, occurrence, condition or effect with respect to Subscriber that would reasonably
be expected to have a material adverse effect on Subscriber’s ability to consummate the transactions contemplated hereby,
including the purchase of the Subscribed Shares.

 

(d) Subscriber (i)
is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or an “accredited investor”
(within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act), in each case, satisfying the applicable requirements
set forth on Annex A hereto, (ii) is acquiring the Subscribed Shares only for its own account and not for the account of
others, or if Subscriber is subscribing for the Subscribed Shares as a fiduciary or agent for one or more investor accounts, each
owner of such account is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or an
“accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act) 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 Subscribed Shares
with a view to, or for offer or sale in connection with, any distribution thereof in violation of the Securities Act (and has provided
the Company with the requested information on Annex A following the signature page hereto).

 

    8

     

    

 

(e) Subscriber acknowledges
and agrees that the Subscribed Shares are being offered in a transaction not involving any public offering within the meaning of
the Securities Act and that the Subscribed Shares have not been registered under the Securities Act or the securities laws of any
State or other jurisdiction and that the Company is not required to register the Subscribed Shares except as set forth in Section
5 of this Subscription Agreement. Subscriber acknowledges and agrees that the Subscribed Shares may not be offered, resold, transferred,
pledged 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) pursuant to an applicable exemption from the registration requirements of the Securities
Act, (including without limitation a private resale pursuant to so called “Section 4(a)11⁄2”), or (iii) an ordinary
course pledge such as a broker lien over account property generally, and, in each of clauses (i)-(iii), in accordance with any
applicable securities laws of the states and other jurisdictions of the United States, and that any certificates or account entries
representing the Subscribed Shares shall contain a restrictive legend to such effect. Subscriber acknowledges and agrees that the
Subscribed Shares will be subject to these securities law transfer restrictions, and as a result of these transfer restrictions,
Subscriber may not be able to readily offer, resell, transfer, pledge or otherwise dispose of the Subscribed Shares and may be
required to bear the financial risk of an investment in the Subscribed Shares for an indefinite period of time. Subscriber acknowledges
and agrees that the Subscribed Shares will not be immediately eligible for offer, resale, transfer, pledge or disposition pursuant
to Rule 144 promulgated under the Securities Act, as amended (“Rule 144”) until at least one year following the filing
of certain required information with the Commission after the Closing Date. Subscriber acknowledges and agrees that it has been
advised to consult legal counsel prior to making any offer, resale, pledge or transfer of any of the Subscribed Shares.

 

(f) Subscriber understands
and agrees that Subscriber is purchasing the Subscribed Shares directly from the Company. Subscriber further acknowledges that
there have not been, and Subscriber hereby agrees that it is not relying on, any representations, warranties, covenants or agreements
made to Subscriber by the Company, the Placement Agents, any of their respective affiliates or any control persons, officers, directors,
employees, partners, agents or representatives, any other party to the Transaction or any other person or entity, expressly or
by implication, other than those representations, warranties, covenants and agreements of the Company set forth in this Subscription
Agreement.

 

(g) In making its decision
to purchase the Subscribed Shares, Subscriber has relied solely upon independent investigation made by Subscriber and the Company’s
representations in Section 3 of this Subscription Agreement. 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 Subscribed Shares, including
with respect to the Company, MoneyLion (and its subsidiaries (collectively, the “Acquired Companies”)) and the
Transaction, and made its own assessment and is satisfied concerning the relevant financial, tax and other economic considerations
relevant to Subscriber’s investment in the Subscribed Shares. Without limiting the generality of the foregoing, Subscriber
acknowledges that it has reviewed the Company’s filings with the Commission. 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 Subscriber’s professional advisor(s), if any, have deemed necessary to make
an investment decision with respect to the Subscribed Shares. Subscriber acknowledges that certain information provided by the
Company was based on projections, and such projections were prepared based on assumptions and estimates that are inherently uncertain
and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual
results to differ materially from those contained in the projections. Subscriber acknowledges and agrees that none of the Acquired
Companies or the Placement Agents or any of their affiliates or any of such person’s or its affiliate’s control persons,
officers, directors, employees or other representatives, legal counsel, financial advisors, accountants or agents (collectively,
“Representatives”) has provided Subscriber with any information or advice with respect to the Subscribed Shares
nor is such information or advice necessary or desired. None of the Acquired Companies, Placement Agents or any of their respective
affiliates or Representatives has made or makes any representation as to the Company or the Acquired Companies or the quality or
value of the Subscribed Shares. In connection with the issuance of the Subscribed Shares to Subscriber, none of the Placement Agents
or any of their respective affiliates has acted as a financial advisor or fiduciary to Subscriber.

 

    9

     

    

 

(h) Subscriber became
aware of this offering of the Subscribed Shares solely by means of direct contact between Subscriber and the Company or by means
of contact from the Placement Agents, and the Subscribed Shares were offered to Subscriber solely by direct contact between Subscriber
and the Company or its affiliates. Subscriber did not become aware of this offering of the Subscribed Shares, nor were the Subscribed
Shares offered to Subscriber, by any other means. Subscriber acknowledges that the Company represents and warrants that the Subscribed
Shares (i) were not offered by any form of general solicitation or general advertising (within the meaning of Regulation D of the
Securities Act) 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.

 

(i) Subscriber acknowledges
that it is aware that there are substantial risks incident to the purchase and ownership of the Subscribed Shares. 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 Subscribed Shares, and Subscriber has had an opportunity to seek, and has sought, such accounting, legal, business and tax
advice as Subscriber has considered necessary to make an informed investment decision. 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 Subscribed Shares. Subscriber understands and acknowledges that the purchase and sale of the Subscribed Shares hereunder
meets (i) the exemptions from filing under FINRA Rule 5123(b)(1)(A) and (ii) the institutional customer exemption under FINRA Rule
2111(b).

 

(j) Subscriber has
adequately analyzed and fully considered the risks of an investment in the Subscribed Shares and determined that the Subscribed
Shares 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.

 

(k) Subscriber understands
and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the Subscribed Shares or made
any findings or determination as to the fairness of this investment.

 

(l) 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 (“OFAC List”), or a person or entity prohibited by any OFAC sanctions
program, (ii) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515, or (iii) a non-U.S.
shell bank or providing banking services indirectly to a non-U.S. shell bank. 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. If Subscriber 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”), such Subscriber maintains policies and procedures reasonably designed to comply with
applicable obligations under the BSA/PATRIOT Act. To the extent required, Subscriber maintains policies and procedures reasonably
designed for the screening of its investors against the OFAC sanctions programs, including the OFAC List. To the extent required,
Subscriber maintains policies and procedures reasonably designed to ensure that the funds held by Subscriber and used to purchase
the Subscribed Shares were legally derived.

 

    10

     

    

 

(m) No foreign person
(as defined in 31 C.F.R. Part 800.224) in which the national or subnational governments of a single foreign state have a substantial
interest (as defined in 31 C.F.R. Part 800.244) will acquire a substantial interest in the Company as a result of the purchase
and sale of Subscribed Shares hereunder such that a declaration to the Committee on Foreign Investment in the United States would
be mandatory under 31 C.F.R. Part 800.401.

 

(n) If Subscriber is
an employee benefit plan that is subject to Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”),
a plan, an individual retirement account or other arrangement that is subject to section 4975 of the Internal Revenue Code of 1986,
as amended (the “Code”) or an employee benefit plan that is a governmental plan (as defined in section 3(32)
of ERISA), a church plan (as defined in section 3(33) of ERISA), a non-U.S. plan (as described in section 4(b)(4) of ERISA) or
other plan that is not subject to the foregoing but may be subject to provisions under any other federal, state, local, non-U.S.
or other laws or regulations that are similar to such provisions of ERISA or the Code, or an entity whose underlying assets are
considered to include “plan assets” of any such plan, account or arrangement (each, a “Plan”) subject
to the fiduciary or prohibited transaction provisions of ERISA or section 4975 of the Code, Subscriber represents and warrants
that (i) it has not relied on the Company or any of its affiliates (the “Transaction Parties”) for investment
advice or as the Plan’s fiduciary with respect to its decision to acquire and hold the Subscribed Shares, and none of the
Transaction Parties shall at any time be relied upon as the Plan’s fiduciary with respect to any decision to acquire, continue
to hold or transfer the Subscribed Shares and (ii) the acquisition and holding of the Subscribed Shares will not result in a non-exempt
prohibited transaction under ERISA or Section 4975 of the Code.

 

(o) Subscriber at the
Closing will have sufficient funds to pay the Purchase Price pursuant to Section 2.

 

(p) Subscriber acknowledges
that it is not relying upon, and has not relied upon, any statement, representation or warranty made by any person, firm or corporation
(including, without limitation, the Company, MoneyLion or any of their respective affiliates or any of its or their respective
control persons, officers, directors, employees, agents or representatives), other than the representations and warranties of the
Company contained in Section 3 of this Subscription Agreement, in making its investment or decision to invest in the Company.

 

(q) No broker or finder
bas acted on behalf of the Subscriber in connection with the sale of the Subscribed Shares pursuant to this Subscription Agreement
in such a way as to create any liability on the Company.

 

(r) Subscriber hereby
agrees that neither it, nor any person or entity acting on its behalf or pursuant to any understanding with the Subscriber, shall,
directly or indirectly, engage in any hedging activities or execute any Short Sales with respect to the securities of the Company
prior to the Closing or the earlier termination of this Subscription Agreement in accordance with its terms (other than pledges
in the ordinary course of business as part of prime brokerage arrangements). “Short Sales” shall include, without limitation,
all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act. Notwithstanding the foregoing, nothing
in this Section 4(r) (i) shall restrict Subscriber’s ability to maintain bona fide hedging positions in respect of
the Warrants of the Company held by the Subscriber as of the date hereof; (ii) shall prohibit any entities under common management
or that share an investment advisor with Subscriber from entering into any short sales or engaging in other hedging transactions;
and (iii) 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, this Section 4(r) shall only apply with respect to the portion of assets managed
by the portfolio manager that made the investment decision to purchase the Subscription Amount covered by this Subscription Agreement.
The Company acknowledges and agrees that, notwithstanding anything herein to the contrary, the Subscribed Shares may be pledged
by Subscriber in connection with a bona fide margin agreement, provided that such pledge shall be (1) pursuant to an available
exemption from the registration requirements of the Securities Act or (2) pursuant to, and in accordance with, a registration statement
that is effective under the Securities Act at the time of such pledge, and Subscriber effecting a pledge of the Subscribed Shares
shall not be required to provide the Company with any notice thereof; provided, however, that neither the Company nor its counsel
shall be required to take any action (or refrain from taking any action) in connection with any such pledge, other than providing
any such lender of such margin agreement with an acknowledgment that the Subscribed Shares are not subject to any contractual lock
up or prohibition on pledging, the form of such acknowledgment to be subject to review and comment by the Company in all respects.

 

    11

     

    

 

(s) Except as expressly
disclosed in a Schedule 13D or Schedule 13G (or amendments thereto) filed by Subscriber with the Commission with respect to the
beneficial ownership of the Company’s outstanding securities prior to the date hereof, Subscriber is not currently (and at
all times through Closing will refrain from being or becoming) a member of a “group” (within the meaning of Section
13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), including any group acting for the purpose of acquiring,
holding or disposing of equity securities of the Company (within the meaning of Rule 13d-5(b)(1) under the Exchange Act).

 

(t) Subscriber acknowledges
and agrees that no Placement Agent shall have any 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 the Subscriber, the Company or any other person or entity), whether in contract, tort or otherwise, to the Subscriber, or to
any person claiming through the Subscriber, in respect of the Transaction.

 

Section 5. Registration
of Subscribed Shares.

 

(a) The Company agrees
that, within thirty (30) calendar days following the Closing Date, the Company will file with the Commission (at the Company’s
sole cost and expense) a registration statement registering the resale of the Subscribed Shares (the “Registration Statement”),
and the Company shall use its commercially reasonable efforts to have the Registration Statement declared effective as soon as
practicable after the filing thereof, but in any event no later than sixty (60) calendar days after the Closing Date (the “Effectiveness
Deadline”); provided, that the Effectiveness Deadline shall be extended to one hundred twenty (120) calendar days
after the Closing Date if the Registration Statement is reviewed by, and comments thereto are provided from, the Commission; provided,
further the Company shall have the Registration Statement declared effective within ten (10) Business Days after the date the Company
is notified (orally or in writing, whichever is earlier) by the staff of the Commission that the Registration Statement will not
be “reviewed” or will not be subject to further review; provided, further, that (i) if the Effectiveness
Deadline falls on a Saturday, Sunday or other day that the Commission is closed for business, the Effectiveness Deadline shall
be extended to the next Business Day on which the Commission is open for business and (ii) if the Commission is closed for operations
due to a government shutdown, the Effectiveness Deadline shall be extended by the same number of Business Days that the Commission
remains closed for. The Company shall provide a draft of the Registration Statement to the Subscriber for review at least two (2)
Business Days in advance of the date of filing the Registration Statement with the Commission (the “Filing Date”),
and Subscriber shall provide any comments on the Registration Statement to the Company no later than the day immediately preceding
the Filing Date. Unless otherwise agreed to in writing by the Subscriber prior to the filing of the Registration Statement, the
Subscriber shall not be identified as a statutory underwriter in the Registration Statement; provided, that if the Commission requests
that Subscriber be identified as a statutory underwriter in the Registration Statement, Subscriber will have the opportunity to
withdraw from the Registration Statement upon its prompt written request to the Company. Notwithstanding the foregoing, if the
Commission 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 Subscribed Shares by the applicable stockholders
or otherwise, such Registration Statement shall register for resale such number of Subscribed Shares which is equal to the maximum
number of Subscribed Shares as is permitted by the Commission. In such event, the number of Subscribed Shares or other shares to
be registered for each selling stockholder named in the Registration Statement shall be reduced pro rata among all such selling
stockholders and as promptly as practicable after being permitted to register additional shares under Rule 415 under the Securities
Act, the Company shall amend the Registration Statement or file one or more new Registration Statement(s) (such amendment or new
Registration Statement shall also be deemed to be “Registration Statement” hereunder) to register such additional
Subscribed Shares and cause such amendment or Registration Statement(s) to become effective as promptly as practicable after the
filing thereof, but in any event no later than thirty (30) calendar days after the filing of such Registration Statement (the “Additional
Effectiveness Deadline”); provided, that the Additional Effectiveness Deadline shall be extended to one hundred twenty
(120) calendar days after the filing of such Registration Statement if such Registration Statement is reviewed by, and comments
thereto are provided from, the Commission; provided, further the Company shall have such Registration Statement declared effective
within ten (10) Business Days after the date the Company is notified (orally or in writing, whichever is earlier) by the staff
of the Commission that such Registration Statement will not be “reviewed” or will not be subject to further review;
provided, further that (i) if such day falls on a Saturday, Sunday or other day that the Commission is closed for business, the
Additional Effectiveness Deadline shall be extended to the next Business Day on which the Commission is open for business and (ii)
if the Commission is closed for operations due to a government shutdown, the Effectiveness Deadline shall be extended by the same
number of Business Days that the Commission remains closed for. Any failure by the Company to file a Registration Statement by
the Effectiveness Deadline or Additional Effectiveness Deadline shall not otherwise relieve the Company of its obligations to file
or effect a Registration Statement as set forth in this Section 5.

 

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(b) The Company agrees
that, except for such times as the Company is permitted hereunder to suspend the use of the prospectus forming part of a Registration
Statement, the Company will use its commercially reasonable efforts to cause such Registration Statement to remain effective with
respect to Subscriber, including to prepare and file any post-effective amendment to such Registration Statement or a supplement
to the related prospectus such that the prospectus will not include any untrue statement or a material fact or omit to state any
material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading,
until the earlier of (i) three (3) years from the effective date of the Registration Statement, (ii) the date on which all of the
Subscribed Shares shall have been sold or (iii) on the first date on which the Subscriber can sell all of its Subscribed Shares
(or shares received in exchange therefor) under Rule 144 of the Securities Act without limitation as to the manner of sale or the
amount of such securities that may be sold and without the requirement for the Company to be in compliance with the current public
information required under Rule 144(c)(1) (or Rule 144(i)(2), if applicable) and the Company shall use its commercially reasonable
efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration Statement as soon as reasonably
practicable. For so long as the Registration Statement shall remain effective, the Company will use commercially reasonable efforts
to file all reports, and provide all customary and reasonable cooperation, necessary to enable Subscriber to resell Subscribed
Shares pursuant to the Registration Statement, qualify the Subscribed Shares for listing on the applicable stock exchange on which
the Company’s Common Stock are then listed and update or amend the Registration Statement as necessary to include Subscribed
Shares. The Company will use its commercially reasonable efforts to, for so long as the Subscriber holds Subscribed Shares, make
and keep public information available (as those terms are understood and defined in Rule 144) and file with the Commission in a
timely manner all reports and other documents required of the Company under the Exchange Act so long as the Company remains subject
to such requirements to enable the Subscriber to resell the Subscribed Shares pursuant to Rule 144. The Subscriber agrees to disclose
its beneficial ownership, as determined in accordance with Rule 13d-3 of the Exchange Act, of Subscribed Shares to the Company
(or its successor) upon reasonable request to assist the Company in making the determination described above.

 

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(c) The Company’s
obligations to include the Subscribed Shares in the Registration Statement are contingent upon Subscriber furnishing in writing
to the Company a completed selling stockholder questionnaire in customary form that contains such information regarding Subscriber,
the securities of the Company held by Subscriber and the intended method of disposition of the Subscribed Shares as shall be reasonably
requested by the Company to effect the registration of the Subscribed Shares, and Subscriber shall execute such documents in connection
with such registration as the Company may reasonably request that are customary of a selling stockholder in similar situations,
including providing that the Company shall be entitled to postpone and suspend the effectiveness or use of the Registration Statement
(i) during any customary blackout or similar period or as permitted hereunder and (ii) as may be necessary in connection with the
preparation and filing of a post-effective amendment to the Registration Statement following the filing of the Company’s
Annual Report on Form 10-K for its first completed fiscal year following the effective date of the Registration Statement; provided,
that the Company shall request such information from Subscriber, including the selling stockholder questionnaire, at least five
(5) Business Days prior to the anticipated filing date of the Registration Statement; and provided, further, under no circumstances
shall Subscriber be required to sign any type of lock-up agreement. In the case of the registration effected by the Company pursuant
to this Subscription Agreement, the Company shall, upon reasonable request, inform Subscriber as to the status of such registration.
Subscriber shall not be entitled to use the Registration Statement for an underwritten offering of Subscribed Shares. Notwithstanding
anything to the contrary contained herein, the Company may delay or postpone filing of such Registration Statement, and from time
to time require Subscriber not to sell under the Registration Statement or suspend the use or effectiveness of any such Registration
Statement if it determines in good faith that in order for the registration statement to not contain a material misstatement or
omission, an amendment thereto would be needed, or if such filing or use would reasonably be expected to materially affect a bona
fide business or financing transaction of the Company or would reasonably be expected to require premature disclosure of information
that would materially adversely affect the Company (each such circumstance, a “Suspension Event”); provided,
that, (w) the Company shall not so delay filing or so suspend the use of the Registration Statement for a period of more than sixty
(60) consecutive days or more than two (2) times in any three hundred sixty (360) day period, and (x) the Company shall use commercially
reasonable efforts to make such registration statement available for the sale by the Subscriber of such securities as soon as practicable
thereafter.

 

(d) Upon receipt of
any written notice from the Company (which notice shall not contain any material non-public information regarding the Company and
which notice shall not be subject to any duty of confidentiality) of the happening of (i) an issuance by the Commission of any
stop order suspending the effectiveness of any Registration Statement or the initiation of any proceedings for such purpose, which
notice shall be given no later than three (3) Business Days from the date of such event, (ii) any Suspension Event during the period
that the Registration Statement is effective, which notice shall be given no later than three (3) Business Days from the date of
such Suspension Event, or (iii) 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 (1) it will immediately discontinue offers and sales of the Subscribed Shares under the Registration
Statement (excluding, for the avoidance of doubt, sales conducted pursuant to Rule 144) until the 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 (2) it will maintain the confidentiality of any information included in such
written notice delivered by the Company unless otherwise required by law, subpoena or regulatory request or requirement. If so
directed by the Company, the Subscriber will deliver to the Company or, in the Subscriber’s sole discretion destroy, all
copies of the prospectus covering the Subscribed Shares in the Subscriber’s possession; provided, however, that this obligation
to deliver or destroy all copies of the prospectus covering the Subscribed Shares shall not apply (w) to the extent the Subscriber
is required to retain a copy of such prospectus (A) in order to comply with applicable legal, regulatory, self-regulatory or professional
requirements or (B) in accordance with a bona fide pre-existing document retention policy or (x) to copies stored electronically
on archival servers as a result of automatic data back-up.

 

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(e) Subscriber may
deliver written notice (an “Opt-Out Notice”) to the Company requesting that Subscriber not receive notices from the
Company otherwise required by this Section 5; provided, however, that Subscriber may later revoke any such Opt-Out Notice in writing.
Following receipt of an Opt-Out Notice from Subscriber (unless subsequently revoked), (i) the Company shall not deliver any such
notices to Subscriber and Subscriber shall no longer be entitled to the rights associated with any such notice and (ii) each time
prior to Subscriber’s intended use of an effective Registration Statement, Subscriber will notify the Company in writing
at least two (2) business days in advance of such intended use, and if a notice of a Suspension Event was previously delivered
(or would have been delivered but for the provisions of this Section 5(e)) and the related suspension period remains in effect,
the Company will so notify Subscriber, within one (1) business day of Subscriber’s notification to the Company, by delivering
to Subscriber a copy of such previous notice of Suspension Event, and thereafter will provide Subscriber with the related notice
of the conclusion of such Suspension Event promptly following its availability

 

(f) For purposes of
this Section 5 of this Subscription Agreement, (i) “Subscribed Shares” shall mean, as of any date of
determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security
issued or issuable with respect to the Subscribed Shares by way of share split, dividend, distribution, recapitalization, merger,
exchange, or replacement, and (ii) “Subscriber” shall include any affiliate of the Subscriber to which the rights
under this Section 5 shall have been duly assigned.

 

(g) The Company shall
indemnify and hold harmless Subscriber (to the extent a seller under the Registration Statement), the officers, directors, members,
managers, partners, agents, investment advisors and employees of Subscriber, 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, members, managers, partners,
agents and employees 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 attorneys’ fees) and expenses
(collectively, “Losses”) that arise out of or are based upon 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,
except to the extent that untrue statements, alleged untrue statements, omissions or alleged omissions are based upon information
regarding Subscriber furnished in writing to the Company by or on behalf of Subscriber expressly for use therein or Subscriber
has omitted a material fact from such information, provided that the Company has given notice of such event to the Subscriber in
accordance with the terms of this Agreement. The Company shall notify Subscriber promptly of the institution, threat or assertion
of any proceeding arising from or in connection with the transactions contemplated by this Section 5 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 Subscribed Shares by Subscriber. Notwithstanding the forgoing, the Company’s
indemnification obligations shall not apply to amounts paid in settlement of any Losses or action if such settlement is effected
without the prior written consent of the Company (which consent shall not be unreasonably withheld or delayed).

 

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(h) Subscriber shall,
severally and not jointly with any Other Subscriber in the offering contemplated by this Subscription Agreement or selling stockholder
named in the Registration Statement, 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 arising out of or 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, alleged untrue statements, omissions or alleged omissions are based upon information regarding
Subscriber furnished in writing to the Company by or on behalf of Subscriber expressly for use therein and that Subscriber has
received notice from the Company of such Suspension Event in accordance with the terms of this Agreement. In no event shall the
liability of Subscriber be greater in amount than the dollar amount of the net proceeds received by Subscriber upon the sale of
the Subscribed Shares giving rise to such indemnification obligation. Notwithstanding the forgoing, Subscriber indemnification
obligations shall not apply to amounts paid in settlement of any Losses or action if such settlement is effected without the prior
written consent of Subscriber (which consent shall not be unreasonably withheld or delayed).

 

(i) Any person or entity
entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with respect to
which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s or entity’s
right to indemnification hereunder to the extent such failure has not prejudiced the indemnifying party) and (ii) unless in such
indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist
with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory
to the indemnified party. If such defense is assumed, the indemnifying party shall not be subject to any liability for any settlement
made by the indemnified party without its consent (but such consent shall not be unreasonably withheld, conditioned or delayed).
An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the
fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless
in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other
of such indemnified parties with respect to such claim. No indemnifying party shall, without the consent of the indemnified party,
consent to the entry of any judgment or enter into any settlement which cannot be settled in all respects by the payment of money
(and such money is so paid by the indemnifying party pursuant to the terms of such settlement), which settlement shall not include
a statement or admission of fault and culpability on the part of such indemnified party, and which settlement shall include as
an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability
in respect to such claim or litigation.

 

(j) The indemnification
provided for under this Subscription Agreement shall remain in full force and effect regardless of any investigation made by or
on behalf of the indemnified party or any officer, director or controlling person or entity of such indemnified party and shall
survive the transfer of securities.

 

(k) If the indemnification
provided under this Section 5 from the indemnifying party is unavailable or insufficient to hold harmless an indemnified
party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the indemnifying party, in lieu
of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of such
losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and the indemnified party, as well as any other relevant equitable considerations; provided, however, that
the liability of the Subscriber shall be limited to the net proceeds received by such Subscriber from the sale of Subscribed Shares
giving rise to such indemnification obligation. The relative fault of the indemnifying party and indemnified party shall be determined
by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material
fact or omission or alleged omission to state a material fact, was made by (or not made by, in the case of an omission), or relates
to information supplied by (or not supplied by, in the case of an omission), such indemnifying party or indemnified party, and
the indemnifying party’s and indemnified party’s relative intent, knowledge, access to information and opportunity
to correct or prevent such action. The amount paid or payable by a party as a result of the losses or other liabilities referred
to above shall be deemed to include, subject to the limitations set forth in this Section 5, any legal or other fees, charges
or expenses reasonably incurred by such party in connection with any investigation or proceeding. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to this
Section 5(k) from any person or entity who was not guilty of such fraudulent misrepresentation.

 

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(l) In addition, in
connection with any sale, assignment, transfer or other disposition of the Subscribed Shares by the Subscriber pursuant to Rule
144 or pursuant to any other exemption under the Securities Act such that the Subscribed Shares held by the Subscriber become freely
tradable and upon compliance by the Subscriber with the requirements of this Subscription Agreement, if requested by the Subscriber,
the Company shall use commercially reasonable efforts to cause the transfer agent for the Subscribed Shares (the “Transfer
Agent”) to remove any restrictive legends related to the book entry account holding such Subscribed Shares and make a new,
unlegended entry for such book entry Subscribed Shares sold or disposed of without restrictive legends within three (3) trading
days of any such request therefor from the Subscriber, provided that the Company and the Transfer Agent have timely received from
the Subscriber customary representations and other documentation reasonably acceptable to the Company and the Transfer Agent in
connection therewith. Subject to receipt from the Subscriber by the Company and the Transfer Agent of customary representations
and other documentation reasonably acceptable to the Company and the Transfer Agent in connection therewith, including, if required
by the Transfer Agent, an opinion of the Company’s counsel, in a form reasonably acceptable to the Transfer Agent, to the
effect that the removal of such restrictive legends in such circumstances may be effected under the Securities Act, the Subscriber
may request that the Company remove any legend from the book entry position evidencing its Subscribed Shares following the earliest
of such time as such Subscribed Shares (i) (x) are subject to or (y) have been or are about to be sold or transferred pursuant
to an effective registration statement, (ii) have been or are about to be sold pursuant to Rule 144, or (iii) are eligible for
resale under Rule 144(b)(1) or any successor provision without the requirement for the Company to be in compliance with the current
public information requirement under Rule 144 and without volume or manner-of-sale restrictions applicable to the sale or transfer
of such Subscribed Shares. If restrictive legends are no longer required for such Subscribed Shares pursuant to the foregoing,
the Company shall, in accordance with the provisions of this Section 5(l) and within two (2) trading days of any request therefor
from the Subscriber accompanied by such customary and reasonably acceptable representations and other documentation referred to
above establishing that restrictive legends are no longer required, deliver to the Transfer Agent irrevocable instructions that
the Transfer Agent shall make a new, unlegended entry for such book entry Subscribed Shares. The Company shall be responsible for
the fees of its Transfer Agent and all DTC fees associated with such issuance.

 

Section 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 earliest
to occur of (a) such date and time as the Merger Agreement is terminated in accordance with its terms, (b) upon the mutual written
agreement 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 are not satisfied on or prior to the Closing Date, and (d) November 11, 2021, if the
Closing has not occurred by such date; provided, that nothing herein will relieve any party from liability for any willful
breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover
losses, liabilities or damages arising from such breach. The Company shall notify Subscriber of the termination of the Merger
Agreement promptly after the termination thereof. Upon the termination hereof in accordance with this Section 6, any monies
paid by Subscriber to the Company in connection herewith shall promptly (and in any event within one (1) Business Day) be returned
in full to Subscriber by wire transfer of U.S. dollars in immediately available funds to the account specified by Subscriber,
without any deduction for or on account of any tax withholding, charges or set-off, whether or not the Transaction shall have
been consummated.

  

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Section 7. Trust
Account Waiver. Subscriber hereby acknowledges that, as described in the Company’s prospectus relating to its initial
public offering (the “IPO”) dated June 25, 2020 available at www.sec.gov, the Company has established a trust
account (the “Trust Account”) containing the proceeds of IPO and from certain private placements occurring simultaneously
with the IPO (including interest accrued from time to time thereon) for the benefit of the Company, its public stockholders and
certain other parties (including the underwriters of the IPO). For and in consideration of the Company entering into this Subscription
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Subscriber
hereby (a) agrees that it does not now and shall not at any time hereafter have any right, title, interest or claim of any kind
in or to any assets held in the Trust Account, and shall not make any claim against the Trust Account, arising out or as a result
of, in connection with or relating in any way to this Subscription Agreement, and regardless of whether such claim arises based
on contract, tort, equity or any other theory of legal liability (any and all such claims are collectively referred to hereafter
as the “Released Claims”), (b) irrevocably waives any Released Claims that it may have against the Trust Account
now or in the future as a result of, or arising out of, this Subscription Agreement, and (c) will not seek recourse against the
Trust Account as a result of, in connection with or relating in any way to this Subscription Agreement; provided, however,
that nothing in this Section 7 shall (i) serve to limit or prohibit Subscriber’s right to pursue a claim against the
Company for legal relief against assets held outside the Trust Account (so long as such claim would not affect the Company’s
ability to fulfill its obligation to effectuate any redemption right with respect to any securities of the Company), for specific
performance or other equitable relief, (ii) serve to limit or prohibit any claims that the Subscriber may have in the future
against the Company’s assets or funds that are not held in the Trust Account (including any funds that have been released
from the Trust Account and any assets that have been purchased or acquired with any such funds) (so long as such claim would not
affect the Company’s ability to fulfill its obligation to effectuate any redemption right with respect to any securities
of the Company) or (iii) be deemed to limit Subscriber’s right to distributions from the Trust Account in accordance with
the Company’s certificate of incorporation in respect of any redemptions by Subscriber in respect of Class A Common Stock
acquired by any means other than pursuant to this Subscription Agreement.

 

Section 8. Miscellaneous.

 

(a) All notices, requests,
demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim, or other communication
hereunder shall be deemed duly given (i) when delivered personally to the recipient, (ii) when sent by electronic mail, with no
mail undeliverable or other rejection notice, on the date of transmission to such recipient, if sent on a Business Day prior to
5:00 p.m. New York City time, or on the Business Day following the date of transmission, if sent on a day that is not a Business
Day or after 5:00 p.m. New York City time on a Business Day, (iii) one (1) Business Day after being sent to the recipient via overnight
mail by reputable overnight courier service (charges prepaid), or (iv) four (4) Business Days after being mailed to the recipient
by certified or registered mail, return receipt requested and postage prepaid, and, in each case, addressed to the intended recipient
at its address specified on the signature page hereof or to such electronic mail address or address as subsequently modified by
written notice given in accordance with this Section 8(a). A courtesy electronic copy of any notice sent by methods (i),
(iii), or (iv) above shall also be sent to the recipient via electronic mail if an electronic mail address is provided in the applicable
signature page hereof or to an electronic mail address as subsequently modified by written notice given in accordance with this
Section 8(a).

 

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(b) Subscriber acknowledges
that (i) the Company will rely on the acknowledgments, understandings, agreements, representations and warranties of Subscriber
contained in this Subscription Agreement and (ii) the Placement Agents and, following the Closing, MoneyLion, will rely on the
representations and warranties of the Subscriber contained in this Subscription Agreement; provided, however, that the foregoing
clause of this Section 8(b) shall not give the Company or the Placement Agents any rights other than those expressly set
forth herein. Prior to the Closing, Subscriber agrees to promptly notify the Company and the Placement Agents if it becomes aware
that any of the acknowledgments, understandings, agreements, representations and warranties of Subscriber set forth herein are
no longer accurate in all material respects. The Company acknowledges that Subscriber and the Placement Agents will rely on the
acknowledgments, understandings, agreements, representations and warranties of the Company contained in this Subscription Agreement.
Prior to the Closing, the Company agrees to promptly notify Subscriber and the Placement Agents if it becomes aware that any of
the acknowledgments, understandings, agreements, representations and warranties of the Company set forth herein are no longer accurate
in all material respects.

 

(c) Each of the Company,
the Placement Agents and Subscriber 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.

 

(d) Each party hereto
shall pay all of its own expenses in connection with this Subscription Agreement and the transactions contemplated herein.

 

(e) Neither this Subscription
Agreement nor any rights that may accrue to Subscriber hereunder (other than the Subscribed Shares acquired hereunder and the rights
set forth in Section 5) may be transferred or assigned by Subscriber. Neither this Subscription Agreement nor any rights
that may accrue to the Company hereunder may be transferred or assigned by the Company. Notwithstanding the foregoing, Subscriber
may assign its rights and obligations under this Subscription Agreement to one or more of its affiliates (including other investment
funds or accounts managed or advised by the investment manager who acts on behalf of Subscriber) or, with the Company’s prior
written consent, to another person; provided, that in the case of any such assignment, the assignee(s) shall become a Subscriber
hereunder and have the rights and obligations and be deemed to make the representations and warranties of Subscriber provided for
herein to the extent of such assignment and provided further that no such assignment shall relieve the assigning Subscriber
of its obligations hereunder if any such assignee fails to perform such obligations, unless the Company has given its prior written
consent to such relief.

 

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

 

(g) 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 Subscribed Shares and to register the Subscribed Shares for resale, and Subscriber shall promptly provide
such information as may be reasonably requested, to the extent readily available and to the extent consistent with its internal
policies and procedures; provided, that the Company agrees to keep any such information provided by Subscriber confidential,
except (A) as required by the federal securities laws, rules or regulations and (B) to the extent such disclosure is required by
other laws, rules or regulations, at the request of the staff of the Commission or regulatory agency or under the regulations of
the Stock Exchange. Subscriber acknowledges that the Company may file a form of this Subscription Agreement with the Commission
as an exhibit to a current or periodic report of the Company or a registration statement of the Company.

 

(h) This Subscription
Agreement may not be amended, modified or waived except by an instrument in writing, signed by each of the parties hereto.

 

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(i) 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.

 

(j) Except as otherwise
provided herein, this Subscription Agreement is intended for the benefit of the parties hereto and their heirs, executors, administrators,
successors, legal representatives, and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced
by, any other person. Except as set forth in Section 5, Section 8(b), Section 8(c) and this Section 8(j)
with respect to the persons specifically referenced therein, this Subscription Agreement shall not confer any rights or remedies
upon any person other than the parties hereto, and their respective successors and assigns, and the parties hereto acknowledge
that such persons so referenced are third party beneficiaries of this Subscription Agreement for the purposes of, and to the extent
of, the rights granted to them, if any, pursuant to the applicable provisions.

 

(k) Each of the Company
and Subscriber further acknowledge and agree that the Placement Agents are third-party beneficiaries of the representations and
warranties of the Company and of the Subscriber contained in this Subscription Agreement.

 

(l) The parties hereto
acknowledge and 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 and that money or other legal remedies would
not be an adequate remedy for such damage. It is accordingly agreed that the parties shall be entitled to equitable relief, including
in the form of an injunction or injunctions to prevent breaches or threatened 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. The parties hereto further acknowledge and agree: (x) to
waive any requirement for the security or posting of any bond in connection with any such equitable remedy; (y) not to assert that
a remedy of specific enforcement pursuant to this Section 8(l) is unenforceable, invalid, contrary to applicable law or inequitable
for any reason; and (z) to waive any defenses in any action for specific performance, including the defense that a remedy at law
would be adequate.

 

(m) 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.

 

(n) No failure or delay
by a party hereto in exercising any right, power or remedy under this Subscription Agreement, and no course of dealing between
the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial exercise of
any right, power or remedy under this Subscription Agreement by a party hereto, nor any abandonment or discontinuance of steps
to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise
of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver of the
right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Subscription
Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other
circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in
any circumstances without such notice or demand.

 

(o) This Subscription
Agreement may be executed and delivered in one or more counterparts (including by electronic mail, in .pdf or other electronic
submission) 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.

 

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(p) This Subscription
Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to the principles
of conflicts of laws that would otherwise require the application of the law of any other state.

 

(q) EACH PARTY AND
ANY PERSON ASSERTING RIGHTS AS A THIRD PARTY BENEFICIARY HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR
CAUSE OF ACTION BASED UPON OR ARISING OUT OR RELATED TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY IN
ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY OR ANY AFFILIATE OF ANY OTHER
SUCH PARTY, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS OR OTHERWISE. THE PARTIES AGREE THAT ANY SUCH CLAIM OR CAUSE OF
ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, THE PARTIES FURTHER AGREE THAT THEIR RESPECTIVE
RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS,
IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS SUBSCRIPTION AGREEMENT OR ANY PROVISION HEREOF. THIS WAIVER
SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS SUBSCRIPTION AGREEMENT.

 

(r) The parties agree
that all disputes, legal actions, suits and proceedings arising out of or relating to this Subscription Agreement must be brought
exclusively in the Court of Chancery of the State of Delaware and any state appellate court therefrom within the State of Delaware
(or, if the Court of Chancery of the State of Delaware declines to accept jurisdiction over a particular matter, any federal court
within the State of Delaware or, in the event each federal court within the State of Delaware declines to accept jurisdiction over
a particular matter, any state court within the State of Delaware) (collectively the “Designated Courts”). Each
party hereby consents and submits to the exclusive jurisdiction of the Designated Courts. No legal action, suit or proceeding with
respect to this Subscription Agreement may be brought in any other forum. Each party hereby irrevocably waives all claims of immunity
from jurisdiction, and any objection which such party may now or hereafter have to the laying of venue of any suit, action or proceeding
in any Designated Court, including any right to object on the basis that any dispute, action, suit or proceeding brought in the
Designated Courts has been brought in an improper or inconvenient forum or venue. Each of the parties also agrees that delivery
of any process, summons, notice or document to a party hereof in compliance with Section 8(a) of this Subscription Agreement
shall be effective service of process for any action, suit or proceeding in a Designated Court with respect to any matters to which
the parties have submitted to jurisdiction as set forth above.

 

(s) This Subscription
Agreement may only be enforced against, and any claim, action, suit or other legal proceeding based upon, arising out of, or related
to this Subscription Agreement, or the negotiation, execution or performance of this Subscription Agreement, may only be brought
against the entities that are expressly named as parties hereto.

 

    21

     

    

 

(t) The Company shall,
by 9:00 a.m., New York City time, on the first (1st) Business Day immediately following the date of this Subscription Agreement,
file with the Commission a Current Report on Form 8-K (the “Disclosure Document”) disclosing all material terms
of this Subscription Agreement and the Other Subscription Agreements and the transactions contemplated hereby and thereby, the
Transaction and any other material, nonpublic information that the Company has provided to Subscriber or any of Subscriber’s
affiliates, attorneys, agents or representatives at any time prior to the filing of the Disclosure Document and including as exhibits
to the Disclosure Document, the form of this Subscription Agreement and the Other Subscription Agreement (in each case, without
redaction). Upon the issuance of the Disclosure Document, to the Company’s knowledge, Subscriber and Subscriber’s affiliates,
attorneys, agents and representatives shall not be in possession of any material, non-public information received from the Company
or any of its affiliates, officers, directors, or employees or agents, and Subscriber shall no longer be subject to any confidentiality
or similar obligations under any current agreement, whether written or oral with the Company, the Placement Agents or any of their
respective affiliates. Notwithstanding anything in this Subscription Agreement to the contrary, the Company (i) shall not publicly
disclose the name of Subscriber or any of its affiliates or advisers, or include the name of Subscriber or any of its affiliates
or advisers in any press release, without the prior written consent of Subscriber and (ii) shall not publicly disclose the name
of the Subscriber or any of its affiliates or advisers, or include the name of the Subscriber or any of its affiliates or advisers
in any filing with the Commission or any regulatory agency or trading market, without the prior written consent of Subscriber,
except (A) as required by the federal securities laws, rules or regulations and (B) to the extent such disclosure is required by
other laws, rules or regulations, at the request of the staff of the Commission or regulatory agency or under the regulations of
the Stock Exchange, in which case of clause (A) or (B), the Company shall provide the Subscriber with prior written notice (including
by e-mail) of such permitted disclosure, and shall reasonably consult with the Subscriber regarding such disclosure. Subscriber
will promptly provide any information reasonably requested by the Company for any regulatory application or filing made or approval
sought in connection with the Transaction (including filings with the Commission).

 

(u) The obligations
of Subscriber under this Subscription Agreement are several and not joint with the obligations of any Other Subscriber or any other
investor under the Other Subscription Agreements, and Subscriber shall not be responsible in any way for the performance of the
obligations of any Other Subscriber under this Subscription Agreement or any Other Subscriber or other investor under the Other
Subscription Agreements. The decision of Subscriber to purchase Subscribed Shares pursuant to this Subscription Agreement has been
made by Subscriber independently of any Other Subscriber or any other investor and independently of any information, materials,
statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition
(financial or otherwise) or prospects of the Company, MoneyLion or any of their respective subsidiaries which may have been made
or given by any Other Subscriber or investor or by any agent or employee of any Other Subscriber or investor, and neither Subscriber
nor any of its agents or employees shall have any liability to any Other Subscriber or investor (or any other person) relating
to or arising from any such information, materials, statements or opinions. Nothing contained herein or in any Other Subscription
Agreement, and no action taken by Subscriber or Other Subscriber or other investor pursuant hereto or thereto, shall be deemed
to constitute Subscriber and any Other Subscribers or other investors as a partnership, an association, a joint venture or any
other kind of entity, or create a presumption that Subscriber and any Other Subscribers or other investors are in any way acting
in concert or as a group with respect to such obligations or the transactions contemplated by this Subscription Agreement and the
Other Subscription Agreements. Subscriber acknowledges that no Other Subscriber has acted as agent for Subscriber in connection
with making its investment hereunder and no Other Subscriber will be acting as agent of Subscriber in connection with monitoring
its investment in the Subscribed Shares or enforcing its rights under this Subscription Agreement. Subscriber shall be entitled
to independently protect and enforce its rights, including without limitation the rights arising out of this Subscription Agreement,
and it shall not be necessary for any Other Subscriber or investor to be joined as an additional party in any proceeding for such
purpose.

 

(v) The headings herein
are for convenience only, do not constitute a part of this Subscription Agreement and shall not be deemed to limit or affect any
of the provisions hereof. The language used in this Subscription Agreement will be deemed to be the language chosen by the parties
hereto to express their mutual intent, and no rules of strict construction will be applied against any party. Unless the context
otherwise requires, (i) all references to Sections, Schedules or Exhibits are to Sections, Schedules or Exhibits contained in or
attached to this Subscription Agreement, (ii) each accounting term not otherwise defined in this Subscription Agreement has the
meaning assigned to it in accordance with GAAP, (iii) words in the singular or plural include the singular and plural and pronouns
stated in either the masculine, the feminine or neuter gender shall include the masculine, feminine and neuter, (iv) the use of
the word “including” in this Subscription Agreement shall be by way of example rather than limitation, and (v) the
word “or” shall not be exclusive.

 

(w) The Company shall
be responsible for paying all present or future stamp, court or documentary, intangible, recording, filing or similar taxes that
arise from any payment or issuance made under, from the execution, delivery, performance or enforcement of, or otherwise with respect
to, this Subscription Agreement.

 

[Signature pages follow.]

 

    22

     

    

 

IN WITNESS WHEREOF,
the Company has accepted this Subscription Agreement as of the date first set forth above.

 

	 	FUSION ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	Address for Notices:
	 	 
	 	Fusion Acquisition Corp.
	 	667 Madison Avenue, 5th Floor
	 	New York, New York 10065
	 	Email:	john.james@fusionacq.com
	 	Attention: 	John James
	 	 
	 	with a copy (not to constitute notice) to:
	 	 
	 	White & Case LLP
	 	1221 Avenue of the Americas
	 	New York, New York 10020
	 	Email:	joel.rubinstein@whitecase.com
	 	 	elliott.smith@whitecase.com
	 	Attention:	Joel Rubinstein
	 	 	Elliott Smith

 

[Signature Page to Subscription Agreement]

 

     

     

    

 

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

 

	Name of Subscriber:	 	State/Country of Formation or Domicile:
	 	         	 	 
	By:	 	 	 
	Name: 	 	 	 
	Title:	 	 	 

 

	Name in which Subscribed Shares are to be registered (if different):	 	Date: ________, 2021
	 	 	 
	Subscriber’s EIN:	 	 
	 	 	 
	Business Address-Street:	 	Mailing Address-Street (if different):
	 	 	 
	City, State, Zip:	 	City, State, Zip:
	 	                        	 	 	                        
	Attn: 	 	 	Attn: 	 
	 	 	 
	Telephone No.:	 	Telephone No.:
	Email for notices:	 	Email for notices (if different):
	 	 	 
	Number of Shares of Class A Common Stock subscribed for:	 	 
	 	 	 
	Aggregate Purchase Price: $	 	Price Per Share: $10

 

[Signature Page to Subscription Agreement]

 

     

     

    

 

Annex
A

ELIGIBILITY REPRESENTATIONS OF SUBSCRIBER 

 

This Annex A should be completed and signed
by Subscriber

and constitutes a part of the Subscription Agreement.

 

		1.	QUALIFIED INSTITUTIONAL BUYER STATUS (Please check the
box, if applicable)

 

		☐	Subscriber is a “qualified institutional buyer”
(as defined in Rule 144A under the Securities Act) (a “QIB”)

 

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

** OR **

 

		2.	ACCREDITED INVESTOR STATUS (Please check the box)

 

		☐	Subscriber is an institutional “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) under the Securities Act, and has marked and initialed the appropriate
box below indicating the provision under which it qualifies as an “accredited investor.”

 

** AND **

 

3. AFFILIATE STATUS

(Please check the applicable box)

 

SUBSCRIBER:

 

☐
is:

 

☐
is not:

 

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

 

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(es) below, the provision(s) below which
apply to Subscriber and under which Subscriber accordingly qualifies as an institutional “accredited investor.”

 

		☐	Any bank, registered broker or dealer, insurance company,
registered investment company, business development company, small business investment company, private business development company,
or rural business investment company;

 

		☐	Any investment adviser registered pursuant to section 203
of the Investment Advisers Act or registered pursuant to the laws of a state;

 

		☐	Any investment adviser relying on the exemption from registering
with the Commission under section 203(l) or (m) of the Investment Advisers Act;

 

     

     

    

 

		☐	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 Title I
of the Employee Retirement Income Security Act of 1974 (“ERISA”), if (i) the investment decision is made by a plan
fiduciary, as defined in section 3(21) of ERISA, which is either a bank, a savings and loan association, an insurance company,
or a registered investment adviser, (ii) the employee benefit plan has total assets in excess of $5,000,000 or, (iii) such plan
is a self-directed plan, with investment decisions made solely by persons that are “accredited investors”;

 

		☐	Any (i) corporation, limited liability company or partnership,
(ii) Massachusetts or similar business trust, or (iii) organization described in section 501(c)(3) of the Internal Revenue Code,
in each case that was not formed for the specific purpose of acquiring the securities offered and that has total assets in excess
of $5,000,000;

 

		☐	Any trust, with total assets in excess of $5,000,000, not
formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person as described
in Section 230.506(b)(2)(ii) of Regulation D under the Securities Act;

 

		☐	Any entity, other than an entity described in the categories
of “accredited investors” above, not formed for the specific purpose of acquiring the securities offered, owning investments
in excess of $5,000,000;

 

		☐	Any “family office,” as defined under the Investment
Advisers Act that satisfies all of the following conditions: (i) with assets under management in excess of $5,000,000, (ii) that
is not formed for the specific purpose of acquiring the securities offered, and (iii) whose prospective investment is directed
by a person who has such knowledge and experience in financial and business matters that such family office is capable of evaluating
the merits and risks of the prospective investment;

 

		☐	Any “family client,” as defined under the Investment
Advisers Act, of a family office meeting the requirements in the previous paragraph and whose prospective investment in the issuer
is directed by such family office pursuant to the previous paragraph; or

 

		☐	Any entity in which all of the equity owners are “accredited
investors”.

 

[Specify
which tests: ]

 

		☐	Any director, executive officer, or general partner of
the issuer of the securities being offered or sold, or any director, executive officer, or general partner of a general partner
of that issuer;

 

		☐	Any natural person whose individual net worth, or joint
net worth with that person’s spouse or spousal equivalent, exceeds $1,000,000. For purposes of calculating a natural person’s
net worth: (a) the person’s primary residence shall not be included as an asset; (b) indebtedness that is secured by
the person’s primary residence, up to the estimated fair market value of the primary residence at the time of the sale of
securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding at the time of sale
of securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition of the primary
residence, the amount of such excess shall be included as a liability); and (c) indebtedness that is secured by the person’s
primary residence in excess of the estimated fair market value of the primary residence at the time of the sale of securities
shall be included as a liability;

 

     

     

    

 

		☐	Any natural person who had an individual income in excess
of $200,000 in each of the two most recent years or joint income with that person’s spouse or spousal equivalent in excess
of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;

 

		☐	Any natural person holding in good standing one or more
professional certifications or designations or credentials from an accredited educational institution that the Commission has
designated as qualifying an individual for accredited investor status; or

 

		☐	Any natural person who is a “knowledgeable employee,”
as defined in the Investment Company Act, of the issuer of the securities being offered or sold where the issuer would be an investment
company, as defined in section 3 of such act, but for the exclusion provided by either section 3(c)(1) or section 3(c)(7) of such
act.

 

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

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