Document:

Exhibit 10.3

 

SUPPORT AGREEMENT

 

This SUPPORT AGREEMENT (this
 “Agreement”), dated as of April 21, 2021, is entered into by and among Fifth Wall Acquisition Corp. I, a Delaware
corporation (“Parent”), and each of the stockholders of the Company (as defined below) set forth on Schedule A
hereto (the “Supporting Holder”). Capitalized terms used but not otherwise defined in this Agreement shall have the
respective meanings ascribed to such terms in the Merger Agreement (as defined below).

 

WHEREAS, Parent, Einstein
Merger Corp. I, a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”), and SmartRent.com, Inc.,
a Delaware corporation (the “Company”), propose to enter into, simultaneously herewith, a Merger Agreement (the “Merger
Agreement”), a copy of which has been made available to the Supporting Holders, which provides, among other things, that, upon
the terms and subject to the conditions thereof, (a) Merger Sub will be merged with and into the Company (the “Merger”),
with the Company surviving the Merger as a wholly owned subsidiary of Parent, (b) immediately prior to, and conditioned upon, the effective
time of the Merger, the holders of Company Preferred Stock (as defined below) will effect a conversion (the “Company Preferred
Stock Conversion”) of all of the Company Preferred Stock to Company Common Stock (each as defined below), in accordance with
the terms of the Merger Agreement and Section 5.1 of the Company’s Second Amended and Restated Certificate of Incorporation (the
 “Company Charter”), and (c) shares of common stock of Parent, par value $0.0001 (“Parent Common Stock”),
shall be issued by Parent to holders of Company Common Stock (together with the holders of converted Company Preferred Stock) in consideration
thereof;

 

WHEREAS, as of the date hereof,
the Supporting Holder is the sole record owner and sole beneficial (as such term is defined in Rule 13d-3 under the Exchange Act, which
meaning shall apply for all purposes of this Agreement whenever the term “beneficial” or “beneficially” is used)
owner, and has full voting power over (a) the number of shares of Common Stock of
the Company, par value $0.00001 per share (“Company Common Stock”), set forth opposite the Supporting Holder’s
name on Schedule A under the column heading “Number of Shares of Company Common Stock” and (b) the number of shares
of (i) Series Seed Preferred Stock of the Company, par value $0.00001 per share (“Series Seed Preferred Stock”), (ii)
Series A Preferred Stock of the Company, par value $0.00001 per share (“Series A Preferred Stock”), (iii) Series B
Preferred Stock of the Company, par value $0.00001 per share (“Series B Preferred Stock”), (iv) Series B-1 Preferred
Stock of the Company, par value $0.00001 per share (“Series B-1 Preferred Stock”), (v) Series C Preferred Stock of
the Company, par value $0.00001 per share (“Series C Preferred Stock”) and (vi) Series C-1 Preferred of the Company,
par value $0.00001 per share (“Series C-1 Preferred Stock”) (collectively, “Company Preferred Stock”),
set forth opposite the Supporting Holder’s name on Schedule A under the column heading “Number of Shares of Company
Preferred Stock” (all such shares of Company Common Stock specified on Schedule A under the column heading “Number
of Shares of Company Common Stock” shall be referred to herein as the Supporting Holder’s “Subject Common Shares”,
all such shares of Company Preferred Stock specified on Schedule A under the column heading “Number of Shares of Company
Preferred Stock” shall be referred to herein as the Supporting Holder’s “Subject Preferred Shares,” and
the Supporting Holder’s Subject Common Shares and Subject Preferred Shares and any other shares of Company Common Stock or Company
Preferred Stock the Supporting Holder may hereafter acquire prior to the termination of this Agreement pursuant to Section 5.2
shall be referred to herein collectively as the Supporting Holder’s “Subject Shares”); and

 

WHEREAS, as a condition to
Parent’s willingness to enter into the Merger Agreement, and as an inducement and in consideration for Parent to enter into the
Merger Agreement, the Supporting Holders have agreed to enter into this Agreement.

 

NOW, THEREFORE, in
consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth below and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending
to be legally bound, do hereby agree as follows:

 

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Article
I 

AGREEMENT TO VOTE SUBJECT SHARES

 

1.1              
Voting of Subject Shares. Each Supporting Holder holding Subject Shares hereby irrevocably and unconditionally agrees
that, as promptly as practicable and in any event not later than five (5) Business Days after the Form S-4 is declared effective by the
SEC, the Supporting Holders shall deliver to Parent and the Company a written consent in the form attached hereto as Exhibit A (the “Written
Consent”) voting all of the Subject Shares in favor of the adoption of the Merger Agreement and the approval of the transactions
contemplated by the Merger Agreement (including the Merger and the Company Preferred Stock Conversion). The Supporting Holders covenant
and agree that, prior to the termination of this Agreement, the Supporting Holders will at any meeting of the stockholders of the Company
(and at any adjournment or postponement thereof), however called, and in any written actions by consent of the stockholders of the Company
(whenever presented), cause the Subject Shares to be voted (including via proxy) (a) in favor of the Merger and the transactions contemplated
by the Merger Agreement (including the Company Preferred Stock Conversion), including (i) with respect to the approval of the Merger and
Merger Agreement, the affirmative vote of (A) the Supporting Holders holding Company Common Stock and Company Preferred Stock (on an as
converted to Company Common Stock basis) voting as a single class, (B) the Supporting Holders holding Series B Preferred Stock and Series
B-1 Preferred Stock (in each case, on an as converted to Company Common Stock basis) voting as a single class (the “Series B
Class”) and (C) the Supporting Holders holding Series C Preferred Stock and Series C-1 Preferred Stock (in each case, on an
as converted to Company Common Stock basis) voting as a single class (the “Series C Class”), and (ii) with respect
to the approval of the Company Preferred Stock Conversion, the affirmative vote of (1) the Series B Class and (2) the Series C Class,
and any action in furtherance of any of the foregoing, (b) in favor of any proposal to adjourn a meeting of the stockholders at which
there is a proposal to adopt the Merger Agreement if there are not sufficient votes to adopt the proposals described in clause (a) above
or if there are not sufficient shares of Company Common Stock and Company Preferred Stock present in person or represented by proxy to
constitute a quorum, (c) against any proposal, offer, or submission with respect to a competing transaction described in Section 4.3 (Exclusivity)
of the Merger Agreement (“Company Competing Transaction”) or the adoption of any agreement to enter into a Company
Competing Transaction, (d) except with respect to any Adverse Amendment, in any other circumstances upon which a consent or other approval
is required under the Company Charter or otherwise sought with respect to the Merger Agreement (including the Merger and the Company Preferred
Stock Conversion), to vote, consent or approve (or cause to be voted, consented or approved) all of such Support Holder’s Subject
Shares held at such time in favor thereof, (e) against and withhold consent with respect to any merger, purchase of all or substantially
all of the Company’s assets or other business combination transaction (other than the Merger Agreement), and (f) against any proposal,
action or agreement that would impede, frustrate, prevent or nullify any provision of this Agreement, the Merger Agreement, the Merger
or the Company Preferred Stock Conversion.

 

1.2              
Consent to the Company Preferred Stock Conversion.

 

(a)               
Conversion Consent:

 

(i)                 Each
Supporting Holder (to the extent such Supporting Holder holds Series B Preferred Stock and/or Series B-1 Preferred Stock) (such
Supporting Holder, a “Series B Holder”), hereby irrevocably consents to and approves the Company Preferred Stock
Conversion in its capacity as a holder of Series B Preferred Stock and/or Series B-1 Preferred Stock on the terms and subject to the
conditions set forth in the Merger Agreement and the Company Charter. Each Series B Holder acknowledges that it has been informed by
the Company that the consent of the Series B Holder pursuant to this Section 1.2(a)(i), together with the consent of the
other Series B Holders, constitutes the consent of the majority of the issued and outstanding Series B Preferred Stock and Series
B-1 Preferred Stock (in each case, on an as converted to Company Common Stock basis) voting as a single class, as set forth in Schedule
A hereto.

 

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(ii)              
Each Supporting Holder (to the extent such Supporting Holder holds Series C Preferred Stock and Series C-1 Preferred Stock)
(such Supporting Holder, a “Series C Holder”), hereby irrevocably consents to and approves the Company Preferred Stock
Conversion in its capacity as a holder of Series C Preferred Stock and/or Series C-1 Preferred Stock on the terms and subject to the conditions
set forth in the Merger Agreement and the Company Charter. Each Series C Holder acknowledges that it has been informed by the Company
that the consent of the Series C Holder pursuant to this Section 1.2(a)(ii), together with the consent of the other Series C Holders,
constitutes the consent of the majority of the issued and outstanding Series C Preferred Stock and Series C-1 Preferred Stock (in each
case, on an as converted to Company Common Stock basis) voting as a single class, as set forth in Schedule A hereto.

 

1.3              
No Inconsistent Agreements. The Supporting Holder shall not enter into any commitment, agreement, understanding, or similar
arrangement to vote or give voting instructions or express consent or dissent in writing in any manner inconsistent with the terms of
this Article I.

 

Article
II 

REPRESENTATIONS AND WARRANTIES OF THE SUPPORTING HOLDER

 

Each Supporting Holder represents
and warrants to Parent that:

 

2.1              
Authorization; Binding Agreement.

 

(a)               
The Supporting Holder, if not a natural person, is duly organized, validly existing and in good standing (where such concept
is recognized) under the Laws of the jurisdiction in which it is incorporated or constituted. The Supporting Holder has full legal capacity
and power, right and authority to execute and deliver this Agreement and to perform its obligations hereunder and to consummate the transactions
contemplated hereby.

 

(b)               
This Agreement has been duly and validly executed and delivered by the Supporting Holder and, assuming the due authorization,
execution and delivery by Parent, constitutes a legal, valid and binding obligation of the Supporting Holder, enforceable against the
Supporting Holder in accordance with its terms, except that such enforceability (i) may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium and other similar laws of general applicability affecting or relating to creditors’ rights generally
and (ii) is subject to general principles of equity (the “Enforceability Limitations”).

 

2.2               Non-Contravention.
Neither the execution and delivery of this Agreement by the Supporting Holder nor performance by the Supporting Holder of the
obligations herein nor the compliance by the Supporting Holder with any provisions herein will (a) if not a natural person,
violate the certificate or articles of incorporation, bylaws or other governing documents of the Supporting Holder, (b) require
any consent, approval, authorization or permit of, or filing with or notification to, any Governmental Authority or any other Person
on the part of the Supporting Holder, except as provided in the (i) Company Charter, or (ii) the Bylaws of the Company
(collectively, the “Company Governing Documents”), (c) result (or, with the giving of notice, the passage of
time or otherwise, would result) in the creation or imposition of any Encumbrance (as defined below) on the Subject Shares, other
than any Permitted Encumbrance (as defined below), or (d) violate any Law applicable to the Supporting Holder or by which any
of the Supporting Holder’s Subject Shares are bound, except, in the case of each of clauses (c) and (d), as would not
reasonably be expected to materially impair the Supporting Holder’s ability to perform its obligations hereunder.

 

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2.3              
Ownership of Shares; Total Shares. As of the date hereof, the Supporting Holder is the record and beneficial owner of all
of the Subject Shares set forth on Schedule A opposite such Supporting Holder’s name and has good and marketable title to all of
such Subject Shares, free and clear of any encumbrances, security interests, claims, pledges, proxies, options, right of first refusals,
voting restrictions, limitations on dispositions, voting trusts or agreements, options or any other liens or restrictions on title, transfer
or exercise of any rights of a stockholder in respect of such Subject Shares (collectively, “Encumbrances”), except
for any such Encumbrance that may be imposed pursuant to (a) this Agreement, (b) any Lock-Up Agreement entered into by and between the
Supporting Holder, Parent and the Company, (c) any applicable restrictions on transfer under applicable securities Laws and (d) the
Company Governing Documents (collectively, “Permitted Encumbrances”). The Subject Shares listed on Schedule A
opposite the Supporting Holder’s name constitute all of the Company Common Stock and Company Preferred Stock owned by the Supporting
Holder as of the date hereof and, other than such Subject Shares, as of the date of this Agreement, there are no other shares of Company
Common Stock or Company Preferred Stock held of record or beneficially owned by the Supporting Holder or in respect of which the Supporting
Holder has full voting power.

 

2.4              
Voting Power. The Supporting Holder has, as of the date hereof and, except pursuant to a permitted transfer pursuant to
Section 4.1(b) hereof, will have until the termination of this Agreement, sole and full voting power and full power to agree to
all of the matters set forth in this Agreement, in each case with respect to all the Supporting Holder’s Subject Shares currently
owned or hereinafter acquired. None of the Supporting Holder’s Subject Shares are subject to any stockholders’ agreement,
proxy, voting trust or other agreement, arrangement or restriction of any kind or nature with respect to the voting of such Subject Shares,
except for the Company Governing Documents.

 

2.5              
Reliance. The Supporting Holder understands and acknowledges that Parent is entering into the Merger Agreement in reliance
upon the Supporting Holder’s execution, delivery and performance of this Agreement.

 

2.6              
Brokers. Other than as expressly contemplated by the Merger Agreement or the disclosure schedules thereto, no broker, finder
or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated
hereby based upon arrangements made by or on behalf of the Supporting Holder.

 

2.7               Adequate
Information. The Supporting Holder acknowledges that the Supporting Holder is a sophisticated investor with respect to the
Supporting Holder’s Subject Shares and has adequate information concerning the business and financial condition of the Company
and Parent to make an informed decision regarding the transactions contemplated by this Agreement and has, independently and without
reliance upon Parent, the Company or any affiliate thereof, and based on such information as the Supporting Holder has deemed
appropriate, made the Supporting Holder’s own analysis and decision to enter into this Agreement. The Supporting Holder
acknowledges that the Supporting Holder has received and reviewed this Agreement and the Merger Agreement and has had the
opportunity to seek independent legal advice prior to executing this Agreement.

 

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Article
III 

REPRESENTATIONS AND WARRANTIES OF PARENT

 

Parent represents and warrants
to the Supporting Holders that:

 

3.1              
Organization and Qualification. Parent is duly organized, validly existing and in good standing under the Laws of the jurisdiction
in which it is incorporated or constituted.

 

3.2              
Authority for This Agreement. Parent has all requisite entity power and authority to execute, deliver and perform its obligations
under this Agreement and to comply with any provisions herein. The execution and delivery of this Agreement by Parent has been duly and
validly authorized by all necessary entity action on the part of Parent, and no other entity proceedings on the part of Parent are necessary
to authorize this Agreement. This Agreement has been duly and validly executed and delivered by Parent and, assuming the due authorization,
execution and delivery by the Supporting Holders, constitutes a legal, valid and binding obligation of each of Parent and Merger Sub,
enforceable against Parent in accordance with its terms, subject to the Enforceability Limitations.

 

Article
IV 

ADDITIONAL COVENANTS OF THE SUPPORTING HOLDERS

 

4.1              
No Transfer; No Inconsistent Arrangements.

 

(a)               
Subject to Section 4.1(b), until the earlier of the Closing or the termination of the Merger Agreement in accordance
with its terms, the Supporting Holder agrees that it shall not, directly or indirectly, (i) sell, assign, transfer (including by operation
of Law), gift, pledge dispose of or otherwise encumber any of the Subject Shares or otherwise agree to do any of the foregoing, (ii)
deposit any Subject Shares into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney
with respect thereto that is inconsistent with this Agreement, or (iii) enter into any contract, option or other arrangement or undertaking
with respect to the direct or indirect acquisition or sale, assignment, transfer (including by operation of Law) or other disposition
of any Subject Shares. Any action taken in violation of the foregoing sentence shall be null and void ab initio.

 

(b)                Section
4.1(a) shall not prohibit a transfer of Subject Shares by a Supporting Holder made: (i) in the case of a Supporting Holder that
is an individual, by gift to a member of one of the Supporting Holder’s immediate family, an estate planning vehicle or to a
trust, the beneficiary of which is a member of the Supporting Holder’s immediate family, an affiliate of such person or to a
charitable organization; (ii) in the case of a Supporting Holder that is an individual, by virtue of laws of descent and
distribution upon death of the Supporting Holder; (iii) in the case of a Supporting Holder being an individual, pursuant to a
qualified domestic relations order; (iv) in the case of a Supporting Holder who is not a natural person, by pro rata distributions
from the Supporting Holder to its members, partners, or shareholders pursuant to the Supporting Holder’s organizational
documents; (v) by virtue of applicable law or the Supporting Holder’s organizational documents upon liquidation or dissolution
of the Supporting Holder; (vi) in the case of a Supporting Holder who is not a natural person, to any employees, officers,
directors or members of the Supporting Holder, or to any affiliates of the Supporting Holder; provided, however, that a transfer
referred to in Section 4.1(b)(i), (iv), or (vi) shall be permitted only if, (A) as a precondition to such
transfer, the transferee agrees in a written document, reasonably satisfactory in form and substance to Parent, to be bound by all
of the terms of this Agreement, and (B) such transfer is effected no later than three (3) Business Days prior to the date on which
the Form S-4 is declared effective.

 

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4.2               
Standstill. From the date of this Agreement until the earlier of the Closing or the termination of the Merger Agreement
in accordance with its terms, the Supporting Holders shall not engage in any transactions involving the securities of Parent without Parent’s
prior written consent; provided that this Section 4.2 shall not apply to transactions involving any securities of Parent held by
the Supporting Holders as of or prior to the date of this Agreement.

 

4.3               
No Legal Action. The Supporting Holders shall not, and shall cause its Affiliates not to and shall direct its Representatives
not to, bring, commence, institute, maintain, voluntarily aid or prosecute any claim, appeal or proceeding which (a) challenges the validity
of or seeks to enjoin the operation of any provision of this Agreement, or (b) alleges that the execution and delivery of this Agreement
by a Supporting Holder breaches any duty that such Supporting Holder has (or may be alleged to have) to the Company or to the other holders
of Subject Shares; provided, that the foregoing shall not limit or restrict in any manner the rights of a Supporting Holder to enforce
the terms of this Agreement.

 

4.4               
Documentation and Information. Each Supporting Holder shall permit and hereby consents to and authorizes Parent and the
Company to publish and disclose in all documents and schedules filed with the SEC and, to the extent otherwise required by applicable
securities Laws or the SEC or any other securities authorities, any press release or other disclosure document that Parent and/or the
Company reasonably determines to be necessary in connection with the Merger and any of the transactions contemplated by the Merger Agreement,
a copy of this Agreement and the nature of the Supporting Holders’ commitments and obligations under this Agreement. The parties
hereto agree that the Supporting Holders’ identities and ownership of the Subject Shares will not be included in a press release
or other public disclosure (other than a filing with the SEC) without each Supporting Holder’s prior consent.

 

4.5              
Adjustments; Acquisition of Additional Securities. In the event of any stock split, stock dividend or distribution, merger,
reorganization, recapitalization, reclassification, combination, exchange of shares or the like of the capital stock of the Company affecting
a Supporting Holder’s Subject Shares, the terms of this Agreement shall apply to the resulting securities. In the event that the
Supporting Holder acquires beneficial ownership of any additional Company Common Stock or Company Preferred Stock (“New Securities”),
or the right to vote or share in the voting of any such New Securities, then such New Securities acquired by such Supporting Holder shall
be subject to the terms of this Agreement to the same extent as if they were owned or controlled by the Supporting Holder as of the date
hereof.

 

4.6              
Anti-Takeover Approvals. The board of directors of Parent has approved, or will approve as promptly as practicable following
the date hereof but in no event later than the time immediately prior to the consummation of the Merger, the Merger, the Merger Agreement
and this Agreement and the acquisition of Parent Common Stock by the Company’s stockholders pursuant to any of the foregoing pursuant
to Section 203 of the General Corporation Law of Delaware and any other “moratorium,” “control share acquisition,”
 “business combination,” “fair price” or other form of anti-takeover law, and such approval by the board of directors
of Parent is or will be, once approved, sufficient to render inapplicable to the Merger, the Merger Agreement and this Agreement and such
acquisition the provisions of Section 203 of the General Corporation Law of Delaware or any other such anti-takeover law.

 

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4.7                Termination
of Investment Agreements. Each Supporting Holder, by this Agreement, and with respect to the Subject Shares, severally and not
jointly, hereby agrees to terminate, subject to the occurrence of, and effective immediately prior to, the Effective Time and
provided that all Terminating Rights (as defined below) between the Company or any of its subsidiaries and any other holder of
Company capital stock shall also terminate at such time, each of (a) the Second Amended and Restated Investors’ Rights
Agreement dated as of February 2, 2021, as amended, by and among the Company and the investors party thereto, (b) the Second Amended
and Restated Voting Agreement dated as of February 2, 2021, as amended, by and among the Company and the investors party thereto,
and (c) the Second Amended and Restated Right of First Refusal and Co-Sale Agreement dated as of February 2, 2021, as amended, by
and among the Company and the investors party thereto, and any rights under any letter agreement providing for redemption rights,
put rights, purchase rights, information rights, rights to consult with and advise management, inspection rights, preemptive rights,
board of directors observer rights or rights to receive information delivered to the board of directors or other similar rights not
generally available to stockholders of the Company (the “Terminating Rights”) between such Supporting Holder and
the Company, but excluding, for the avoidance of doubt, any rights such Supporting Holder may have that relate to any
indemnification, commercial, development or employment agreements or arrangements between such Supporting Holder and the Company or
any subsidiary, which shall survive in accordance with their terms.

 

4.8          
Public Announcements. No Supporting Holder will make any public announcement or issue any public communication regarding
the Merger Agreement, the transactions contemplated thereby or any matter related to the foregoing, without the prior written consent
of the Parent and the Company, except: (i) if such announcement or other communication is required by applicable Law or the rules of any
stock exchange, in which case the disclosing Supporting Holder shall, to the extent permitted by applicable Law, first allow the Parent
and the Company to review such announcement or communication and have the opportunity to comment thereon and the disclosing Supporting
Holder shall consider such comments in good faith; (ii) to the extent such announcements or other communications contain only information
previously disclosed in a public statement, press release or other communication previously approved in accordance with this ‎Section
4.8; and (iii) announcements and communications to Governmental Authorities in connection with registrations, declarations and filings
required to be made as a result of the Merger Agreement.

 

Article
V 

MISCELLANEOUS

 

5.1          Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given
and received if delivered personally (notice deemed given upon receipt), by electronic mail (notice deemed given upon confirmation of
receipt) or sent by a nationally recognized overnight courier service, such as Federal Express (notice deemed given upon receipt of proof
of delivery); provided that the notice or other communication is sent to the address or email address set forth (i) if to Parent,
to the address or email address set forth in Section 8.1 of the Merger Agreement and (ii) if to a Supporting Holder, to the Supporting
Holder’s address or email address set forth on a signature page hereto, or to such other address or email address as such party
may hereafter specify for the purpose by notice to each other party hereto.

 

5.2          Termination.
This Agreement, the covenants and agreements contained herein and any proxy granted hereunder shall terminate automatically with respect
to a Supporting Holder, without any notice or other action by any person, upon the first to occur of (a) the Effective Time, (b) the
valid termination of the Merger Agreement in accordance with its terms and (c) the mutual written agreement of Parent and such Supporting
Holder; provided, that each Supporting Holder in its sole discretion may terminate this Agreement, solely with respect to such Supporting
Holder, following any material modification or amendment to, or the waiver of any provision of, the Merger Agreement, as in effect on
the date hereof, (i) that reduces the aggregate amount or form of consideration payable to the Supporting Holder in respect of such Supporting
Holder’s Company capital stock in a manner that is materially and disproportionately adverse to such Supporting Holder relative
to other Company Stockholders, or (ii) modifies the conditions of the obligations of the parties to the Merger Agreement to consummate
the Transactions in a manner that adversely and disproportionately affects in any material respect the Supporting Holder (any such amendment,
an “Adverse Amendment”). Upon termination of this Agreement, no party shall have any further obligations or liabilities
under this Agreement; provided, however, that the provisions of this Article V shall survive any termination of this Agreement.

 

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5.3          Amendments
and Waivers. Any provision of this Agreement may be amended or waived if such amendment or waiver is in writing and is signed, in
the case of an amendment, by each party to this Agreement or, in the case of a waiver, by each party against whom the waiver is to be
effective. The waiver by any party of a breach of any term or provision of this Agreement shall not be construed as a waiver of any subsequent
breach. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor
shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power
or privilege.

 

5.4          Expenses. All fees and expenses incurred in connection herewith shall be paid by the party incurring such fees and expenses,
whether or not the Merger is consummated, except as expressly provided otherwise herein or in the Merger Agreement.

 

5.5          Entire
Agreement; Assignment. This Agreement, together with the Merger Agreement, Schedule A, and the other documents and certificates
delivered pursuant hereto, constitute the entire agreement, and supersede all prior agreements and understandings, both written and oral,
among the parties with respect to the subject matter of this Agreement. This Agreement shall not be assigned by any party (including
by operation of law, by merger or otherwise) without the prior written consent of (a) Parent, in the case of an assignment by a Supporting
Holder (other than in the case of permitted transfer under Section 4.1(b)) and (b) the Supporting Holders, in the case of an assignment
by Parent. Any assignment in violation of this Section 5.5 shall be null and void ab initio.

 

5.6          Enforcement of the Agreement. The parties agree that irreparable damage may occur in the event that any Supporting Holder
did not perform any of the provisions of this Agreement in accordance with their specific terms or otherwise breached any such provisions,
and that monetary damages, even if available, would not be an adequate remedy therefor. It is accordingly agreed that Parent may be entitled
to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement
in addition to any other remedy to which they are entitled at law or in equity without the requirement to post any bond or other security.
Any and all remedies herein expressly conferred upon Parent will be deemed cumulative with and not exclusive of any other remedy conferred
hereby or by Law or equity upon Parent, and the exercise by Parent of any one remedy will not preclude the exercise of any other remedy.

 

5.7          Jurisdiction;
Waiver of Jury Trial; Governing Law. This Agreement and all related Actions shall be governed by and construed in accordance with
the internal Laws of the State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether
of the State of Delaware or any other jurisdiction) that would cause the application of the Law of any jurisdiction other than the State
of Delaware. THE PARTIES HERETO EACH HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM,
DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE
DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING
OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. THE PARTIES HERETO EACH HEREBY AGREE AND CONSENT THAT ANY
SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES HERETO MAY FILE AN
ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER
OF THEIR RIGHT TO TRIAL BY JURY. The parties hereto expressly incorporate by reference Section 8.8 (Jurisdiction) of the Merger Agreement
to apply to this Agreement mutatis mutandis, with references to the Merger Agreement therein deemed to reference this Agreement and references
to the “Parties” thereunder deemed to reference the parties hereto.

 

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5.8          Descriptive Headings. The descriptive headings herein are inserted for convenience of reference only and are not intended
to be part of or to affect the meaning or interpretation of this Agreement.

 

5.9          Parties in Interest. This Agreement shall be binding upon and inure to the benefit of each party hereto, and nothing in
this Agreement, express or implied, is intended to confer any rights or remedies of any nature whatsoever under or by reason of this Agreement
upon any person other than each party hereto.

 

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

 

5.11          Counterparts;
Electronic Signatures. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original,
but all of which shall constitute one and the same agreement. The words “execution,” “signed,” “signature,”
and words of like import in this Agreement or in any other certificate, agreement or document related to this Agreement or the other
Ancillary Agreements shall include images of manually executed signatures transmitted by facsimile or other electronic format (including,
 “pdf”, “tif” or “jpg”) and other electronic signatures (including, DocuSign and AdobeSign). The use
of electronic signatures and electronic records (including, any contract or other record created, generated, sent, communicated, received,
or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use
of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the Delaware Uniform Electronic Transactions Act and any other applicable law. Minor variations
in the form of the signature page, including footers from earlier versions of this Agreement or any such other document, shall be disregarded
in determining the party’s intent or the effectiveness of such signature.

 

5.12          Interpretation.
The words “hereof,” “herein,” “hereby,” “herewith” and words of similar import
shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this
Agreement, and article, section, paragraph and schedule references are to the articles, sections, paragraphs and schedules of this
Agreement unless otherwise specified. Whenever the words “include,” “includes” or “including”
are used in this Agreement they shall be deemed to be followed by the words “without limitation.” The words describing
the singular number shall include the plural and vice versa, words denoting either gender shall include both genders and words
denoting natural persons shall include all persons and vice versa. The word “extent” and the phrase “to the
extent” when used in this Agreement shall mean the degree to which a subject or other things extends, and such word or phrase
shall not merely mean “if.” The term “or” is not exclusive. The phrases “the date of this
Agreement,” “the date hereof,” “of even date herewith” and terms of similar import, shall be deemed to
refer to the date set forth in the preamble to this Agreement. Any reference in this Agreement to a date or time shall be deemed to
be such date or time in New York, New York, unless otherwise specified. The parties have participated jointly in the negotiation and
drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be
construed as if drafted jointly by the parties and no presumption or burden of proof shall arise favoring or disfavoring any person
by virtue of the authorship of any provision of this Agreement.

 

    9

     

    

 

5.13          Further Assurances. Each Supporting Holder agrees that if any further agreements, deeds, assignments, assurances or other
instruments are reasonably necessary to effectuate the covenants in this Agreement, the Supporting Holder will, upon reasonable written
request of the Supporting Holders by Parent and at Parent’s cost and expense, execute and deliver all such proper agreements, deeds,
assignments, assurances and other instruments and take other reasonable action as permissible to do all other things reasonably necessary
to effectuate the covenants in this Agreement and otherwise to carry out the purposes of this Agreement.

 

5.14          Supporting Holder Obligation Several and Not Joint. The obligations of the Supporting Holders hereunder shall be several
and not joint and several, and no Supporting Holder shall be liable for any breach of the terms of this Agreement by any other Supporting
Holder.

 

5.15          No
Agreement as Director or Officer. Each Supporting Holder is entering into this Agreement solely in the Supporting Holder’s
capacity as record and/or beneficial owner of Subject Shares and nothing herein is intended to or shall limit, restrict or otherwise
affect any votes or other actions taken by the Supporting Holder, or any employee, officer, director (or person performing similar functions),
partner or other Affiliate of the Supporting Holder (including, for this purpose, any appointee or representative of the Supporting Holder
to the board of directors of the Company) of the Supporting Holder, solely in his or her capacity as a director or officer of the Company
(or a subsidiary of the Company) or other fiduciary capacity for the stockholders of the Company.

 

[Signature Pages Follow.]

 

    10

     

    

 

The parties are executing this
Agreement on the date set forth in the introductory clause.

 

	 	FIFTH
    WALL ACQUISITION CORP. I
	 	 
	 	By:	/s/ Brendan Wallace
	 	Name: Brendan Wallace
	 	Title: Chief Executive Officer

 

SUPPORTING
HOLDERS

 

	 	Bain Capital Venture
    Fund 2019, L.P.
	 	 
	 	By:	/s/ Matthew Harris
	 	Name:	Matthew Harris
	 	Title:	Authorized Signatory
	 	 
	 	BCIP Venture Associates
    II, L.P.
	 	 
	 	By:	/s/ Matthew Harris
	 	Name:	Matthew Harris
	 	Title:	Authorized Signatory
	 	 
	 	BCIP Venture Associates
    II-B, L.P.
	 	 
	 	By:	/s/ Matthew Harris
	 	Name:	Matthew Harris
	 	Title:	Authorized Signatory
	 	 
	 	BCV 2019-MD Primary,
    L.P.
	 	 
	 	By:	/s/ Matthew Harris
	 	Name:	Matthew Harris
	 	Title:	Authorized Signatory

 

    11

     

    

 

	 	Best Family Trust,
    established October 2, 2001
	 	 
	 	By:	/s/ Robert T. Best
	 	Name:	Robert T. Best
	 	Title:	Trustee
	 	 
	 	LEN FW Investor, LLC
	 	 
	 	By:	/s/ Eric Feder
	 	Name:	Eric Feder
	 	Title:	VP
	 	 
	 	Lucas Haldeman
	 	 
	 	By:	/s/ Lucas
    Haldeman
	 	 
	 	Real Estate Technology
    Ventures Associates, L.P.
	 	 
	 	By:	/s/ John Helm
	 	Name:	John Helm
	 	Title:	MD
	 	 
	 	Real Estate Technology
    Ventures II, L.P.
	 	 
	 	By:	/s/ John Helm
	 	Name:	John Helm
	 	Title:	MD

 

    12

     

    

 

	 	Real Estate Technology
    Ventures, L.P.
	 	 
	 	By:	/s/ John Helm
	 	Name:	John Helm
	 	Title:	MD
	 	 
	 	Real Estate Technology
    Ventures-A, L.P.
	 	 
	 	By:	/s/ John Helm
	 	Name:	John Helm
	 	Title:	MD
	 	 
	 	RET Ventures SPV I,
    L.P.
	 	 
	 	By:	/s/ John Helm
	 	Name:	John Helm
	 	Title:	MD
	 	 
	 	Spark Capital Growth
    Founders' Fund II, L.P.
	 	 
	 	By:	/s/ Paul Conway
	 	Name:	Paul Conway
	 	Title:	Managing Member
	 	 
	 	Spark Capital Growth
    Fund II, L.P.
	 	 
	 	By:	/s/ Paul Conway
	 	Name:	Paul Conway
	 	Title:	Managing Member

 

    13Exhibit 10.4

 

FORM OF SUBSCRIPTION AGREEMENT

 

This SUBSCRIPTION AGREEMENT
(this “Subscription Agreement”) is entered into this 21 day of April, 2021, by and between Fifth Wall Acquisition Corp.
I, a Delaware corporation (the “Issuer”), and the undersigned (“Subscriber”).

 

WHEREAS, substantially concurrently
with the execution and delivery of this Subscription Agreement, the Issuer is entering into that certain Merger Agreement, dated as of
the date of this Subscription Agreement (as may be amended or supplemented from time to time, the “Transaction Agreement”),
among the Issuer, Einstein Merger Sub Corp., a Delaware corporation and a direct wholly-owned subsidiary of the Issuer (“Merger
Sub”) and SmartRent.com, Inc., a Delaware corporation (“SmartRent”), whereby, among other things, Merger
Sub will merge with and into SmartRent, with SmartRent continuing as the surviving entity and a wholly-owned subsidiary of the Issuer,
on the terms and subject to the conditions set forth therein (the “Transaction”);

 

WHEREAS, in connection with
the Transaction, on the terms and subject to the conditions set forth in this Subscription Agreement, Subscriber desires to subscribe
for and purchase from the Issuer the number of shares of the Issuer’s Class A common stock, par value $0.0001 per share (the
 “Class A Shares”), set forth on the signature page hereto (the “Acquired Shares”) for
a purchase price of $10.00 per share subject to adjustment for any stock dividend, stock split, stock combination, recapitalization or
similar event occurring after the date hereof (the “Share Purchase Price” and the aggregate purchase price set forth
on the signature page hereto for the Acquired Shares, the “Purchase Price”), and the Issuer desires to issue and
sell to Subscriber the Acquired Shares in consideration of the payment of the Purchase Price by or on behalf of Subscriber to the Issuer
at the Closing (as defined herein); and

 

WHEREAS, in connection with
the Transaction, certain institutional “accredited investors” (as such term is defined in Rule 501 under the Securities
Act of 1933, as amended (the “Securities Act”)) or “qualified institutional buyers” (as defined in Rule 144A
promulgated under the Securities Act) other than the Subscriber (each, an “Other Subscriber”), have entered into subscription
agreements substantially similar to this Subscription Agreement with the Issuer pursuant to which such Other Subscribers have agreed to
subscribe for and purchase, and the Issuer has agreed to issue and sell to such Other Subscribers, on the Closing Date (as defined herein),
Class A Shares at the Share Purchase Price (the “Other Subscription Agreements”) with an aggregate purchase price
of $155,000,000, inclusive of the Purchase Price.

 

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

 

1.            Subscription.
Subject to the terms and conditions hereof, Subscriber hereby subscribes for and agrees to purchase, and the Issuer hereby agrees to issue
and sell to Subscriber, upon the payment of the Purchase Price, the Acquired Shares (such subscription and issuance, the “Subscription”).

 

     

     

    

 

		2.	Closing.

 

(a)          Subject
to the satisfaction or waiver of the conditions set forth in Sections 2(c) and 2(d), the closing of the Subscription
contemplated hereby (the “Closing”) shall occur on the date of, and at a time immediately prior to or substantially
concurrently with, the closing of the Transaction (such date, the “Closing Date”). Not less than five (5) business
days prior to the anticipated Closing Date, the Issuer shall provide written notice to Subscriber (the “Closing Notice”)
of the anticipated Closing Date specifying (i) the anticipated Closing Date and (ii) the wire instructions for delivery of the
Purchase Price to the Issuer.

 

(b)          Subject
to the satisfaction or waiver of the conditions set forth in Sections 2(c) and 2(d) (other than those conditions
that by their nature are to be satisfied at the closing of the Transaction pursuant to the Transaction Agreement, but without affecting
the requirement that such conditions be satisfied or waived at the closing of the Transaction):

 

(i)          [At
least two (2) business days prior to the anticipated Closing Date specified in the Closing Notice, or such other time agreed to between
the Issuer and the Subscriber (or as soon as practicable after Subscriber receives from the Issuer or its transfer agent evidence of the
issuance of the Acquired Shares on the Closing Date from the transfer agent),][On the Closing Date], Subscriber shall deliver to the Issuer
the Purchase Price for the Acquired Shares by wire transfer of U.S. dollars in immediately available funds to the account specified by
the Issuer in the Closing Notice[, to be held in escrow until the Closing][(which account shall not be an escrow account)]; and

 

(ii)         On
the Closing Date the Issuer shall deliver to Subscriber (i) the Acquired Shares against and upon payment by the Subscriber in book
entry form, free and clear of any liens or other restrictions whatsoever (other than those arising under state or federal securities laws),
in the name of Subscriber (or its nominee in accordance with its delivery instructions) or to a custodian designated by Subscriber, as
applicable, and (ii) a copy of the records of the Issuer’s transfer agent showing the Subscriber (or such nominee or custodian,
as applicable) as the owner of the Acquired Shares on and as of the Closing. Each book entry for the Acquired Shares shall contain a legend
in substantially the following form:

 

THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION,
AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM.

 

(c)          The
Issuer’s obligation to effect the Closing shall be subject to the satisfaction on the Closing Date, or, to the extent permitted
by applicable law, the waiver by the Issuer, of each of the following conditions:

 

(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 herein),
which representations and warranties shall be true and correct in all respects) at and as of the Closing Date, and consummation of the
Closing shall constitute a reaffirmation (in all material respects, or if qualified by materiality or Subscriber Material Adverse Effect,
in all respects) by Subscriber of each of the representations, warranties and agreements of each such party contained in this Subscription
Agreement as of the Closing Date (other than those representations and warranties expressly made as of an earlier date, which shall be
true and correct in all material respects or, if qualified by materiality or Subscriber Material Adverse Effect, in all respect, as of
such earlier date);

 

    	 	2	 

     

    

 

(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, except where the failure of such performance,
satisfaction or compliance would not or would not be reasonably likely to prevent, materially delay, or materially impair the ability
of Subscriber to consummate the Closing;

 

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

 

(iv)       all
conditions precedent to the Issuer’s obligation to effect the Transaction set forth in the Transaction Agreement shall have been
satisfied or waived (other than those conditions that (A) may only be satisfied at the closing of the Transaction, but subject to
the satisfaction or waiver of such conditions as of the closing of the Transaction, or (B) will be satisfied by the Closing and the
closing of the transactions contemplated by the Other Subscription Agreements).

 

(d)          Subscriber’s
obligation to effect the Closing shall be subject to the satisfaction on the Closing Date, or, to the extent permitted by applicable law,
the waiver by Subscriber, of each of the following conditions:

 

(i)         all
representations and warranties of the Issuer contained in this Subscription Agreement shall be true and correct in all material respects
(other than representations and warranties that are qualified as to materiality or Material Adverse Effect (as defined herein), which
representations and warranties shall be true and correct in all respects) at and as of the Closing Date, and consummation of the Closing
shall constitute a reaffirmation by Issuer of each of the representations, warranties and agreements of each such party contained in this
Subscription Agreement as of the Closing Date (other than those representations and warranties expressly made as of an earlier date, which
shall be true and correct in all material respects or, if qualified by materiality or Material Adverse Effect, in all respects,
as of such earlier date);

 

    	 	3	 

     

    

 

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

 

(iii)       the
Issuer 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, except where the failure of
such performance, satisfaction or compliance would not or would not be reasonably likely to prevent, materially delay, or materially impair
the ability of the Issuer to consummate the Closing;

 

(iv)       no
suspension of the qualification of the Class A Shares for offering or sale or trading in any jurisdiction, and no suspension or removal
from listing of the Class A Shares on the Stock Exchange shall have occurred;

 

(v)        the
terms of the Transaction Agreement (as the same exists on the date of this Subscription Agreement) shall not have been amended, modified
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;

 

(vi)       all
conditions precedent to the closing of the Transaction set forth in the Transaction Agreement, including all necessary approvals of the
Issuer’s stockholders and regulatory approvals, if any, in each case required by the Transaction Agreement shall have been satisfied
or waived (other than those conditions that (A) may only be satisfied at the closing of the Transaction, but subject to the satisfaction
or waiver of such conditions as of the closing of the Transaction, or (B) will be satisfied by the Closing and the closing of the
transactions contemplated by the Other Subscription Agreements); and

 

(vii)       The
Stock Exchange shall have conditionally authorized, subject to official notice of issuance, the listing of the Acquired Shares.

 

(e)          Prior
to or at the Closing, Subscriber shall execute and deliver such additional documents and take such additional actions as the Issuer reasonably
may deem to be practical and necessary in order to consummate the Subscription as contemplated by this Subscription Agreement.

 

(f)           If
the closing of the Transaction does not occur within two (2) business days of the Closing Date specified in a Closing Notice, the
Issuer shall promptly (but not later than one (1) business day thereafter) return the Purchase Price to Subscriber 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, unless and until this Subscription Agreement is terminated in accordance with Section 7 herein,
Subscriber shall remain obligated (A) to redeliver funds to the Issuer following the Issuer’s delivery to Subscriber of a new
Closing Notice and (B) to consummate the Closing immediately prior to or substantially concurrently with the consummation of the
Transaction pursuant to such new Closing Notice.

 

    	 	4	 

     

    

 

		3.	Issuer Representations and Warranties. The Issuer represents and warrants that:

 

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

 

(b)         The
Acquired Shares have been duly authorized and, when issued and delivered to Subscriber against full payment for the Acquired Shares in
accordance with the terms of this Subscription Agreement, the Acquired Shares will be validly issued, fully paid and non-assessable and
will not have been issued in violation of or subject to any preemptive or similar rights created under the Issuer’s certificate
of incorporation and bylaws or under the laws of the State of Delaware.

 

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

 

(d)         Assuming
the accuracy of Subscriber’s representations and warranties in Section 4, the execution and delivery by the Issuer of
this Subscription Agreement, and the consummation of the transactions contemplated herein, do not and 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 Issuer pursuant to the terms of (i) any indenture, mortgage,
deed of trust, loan agreement, lease, license or other agreement or instrument to which the Issuer is a party or by which the Issuer is
bound or to which any of the property or assets of the Issuer is subject, which would have a material adverse effect on the business,
properties, financial condition, stockholders’ equity or results of operations of the Issuer (a “Material Adverse Effect”)
or materially affect the validity of the Acquired Shares or the legal authority of the Issuer to comply in all material respects with
the terms of this Subscription Agreement; (ii) the organizational documents of the Issuer; 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 Issuer or
any of its properties that would have a Material Adverse Effect or materially affect the validity of the Acquired Shares or the legal
authority of the Issuer to comply in all material respects with this Subscription Agreement.

 

(e)          There
are no securities or instruments issued by or to which the Issuer is a party containing anti-dilution or similar provisions that will
be triggered by the issuance of the Acquired Shares.

 

    	 	5	 

     

    

 

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

 

(g)          Assuming
the accuracy of Subscriber’s representations and warranties in Section 4, the Issuer is not required to obtain any consent,
waiver, authorization or order of, give any notice to, or make any filing or registration with, any court or other federal, state, local
or other governmental authority, self-regulatory organization or other person in connection with the execution, delivery and performance
by the Issuer of this Subscription Agreement (including, without limitation, the issuance of the Acquired Shares), other than (i) the
filing with the Securities and Exchange Commission (the “Commission”) of the Registration Statement (as defined below),
(ii) filings required by applicable state or federal securities laws, (iii) the filings required in accordance with Section 9(m),
(iv) the filings required by the Nasdaq Stock Market or such other applicable stock exchange on which the Issuer’s Class A
Shares are then listed (the “Stock Exchange”), including with respect to obtaining stockholder approval, and (v) any
filing, the failure of which to obtain would not be reasonably likely to have, individually or in the aggregate, a Material Adverse Effect
or have a material adverse effect on the Issuer’s ability to consummate the transactions contemplated hereby, including the sale
and issuance of the Acquired Shares.

 

(h)          The
authorized capital stock of the Issuer consists of (i) 1,000,000 shares of preferred stock, par value $0.0001 per share (“Preferred
Stock”), (ii) 100,000,000 Class A Shares, and (iii) 10,000,000 shares of Class B common stock, par value
$0.0001 per share (“Class B Shares”). As of the date hereof and as of immediately prior to the Closing: (A) no
shares of Preferred Stock are issued and outstanding, (B) 35,547,500 Class A Shares are issued and outstanding, and (C) 8,625,000
Class B Shares are issued and outstanding. All issued and outstanding Class A Shares and Class B Shares have been duly
authorized and validly issued, are fully paid and are non-assessable and are not subject to preemptive rights. Except as set forth above
and pursuant to the Other Subscription Agreements and the Transaction Agreement, there are no outstanding options, warrants or other rights
to subscribe for, purchase or acquire from the Issuer any Class A Shares, Class B Shares, or other equity interests in the Issuer,
or securities convertible into or exchangeable or exercisable for such equity interests. As of the date hereof, the Issuer has no subsidiaries
(other than Merger Sub) and does not own, directly or indirectly, interests or investments (whether equity or debt) in any person, whether
incorporated or unincorporated.

 

(i)           The
issued and outstanding Class A Shares are registered pursuant to Section 12(b) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and are listed for trading on the Stock Exchange. There is no suit, action,
proceeding or investigation pending or, to the knowledge of the Issuer, threatened against the Issuer by the Stock Exchange or the Commission
with respect to any intention by such entity to deregister the Class A Shares or prohibit or terminate the listing of the Class A
Shares on the Stock Exchange. The Issuer has taken no action that is designed to terminate the registration of the Class A Shares
under the Exchange Act. As of the Closing Date, the Acquired Shares will be approved for listing on the Stock Exchange, subject to official
notice of issuance.

 

    	 	6	 

     

    

 

(j)          Assuming
the accuracy of Subscriber’s representations and warranties set forth in Section 4, no registration under the Securities
Act is required for the offer and sale of the Acquired Shares by the Issuer to Subscriber in the manner contemplated by this Subscription
Agreement.

 

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

 

(l)          
Concurrently with the execution and delivery of this Subscription Agreement, the Issuer is entering into the Other Subscription
Agreements providing for the sale of an aggregate of 15,500,000 Class A Shares for an aggregate purchase price of $155,000,000
(including, in each case, the Class A Shares purchased and sold under this Subscription Agreement). The Issuer has not entered into
any side letter or similar agreement with any Other Subscriber or any other investor in connection with such Other
Subscriber’s or such other investor’s direct or indirect investment in the Issuer other than (i) the Transaction
Agreement, and (ii) the Other Subscription Agreements. The Other Subscription Agreements have not been amended in any material
respect following the date of this Subscription Agreement and reflect the same Share Purchase Price and terms that are no more
favorable to any such Other Subscriber thereunder than the terms of this Subscription Agreement.

 

(m)         The
Issuer has made available to Subscriber (including via the Commission’s EDGAR system) a copy of each form, report, statement, schedule,
prospectus, proxy, registration statement and other document, if any, filed by the Issuer with the Commission since its initial registration
of the Class A Shares (the “SEC Documents”), which SEC Documents, as of their respective filing dates, complied
in all material respects with the requirements of the Exchange Act applicable to the SEC Documents and the rules and regulations
of the Commission promulgated thereunder applicable to the SEC Documents. None of the SEC Documents filed under the Exchange Act (except
to the extent that information contained in any SEC Document has been superseded by a later timely filed SEC Document) contained, when
filed or, if amended prior to the date of this Subscription Agreement, as of the date of such amendment with respect to those disclosures
that are amended, any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary
to make the statements therein, in light of the circumstances under which they were made, not misleading; provided, that, with respect
to the information relating to SmartRent or any of its affiliates contained in the proxy statement to be filed by the Issuer with respect
to the Transaction that was provided in writing by or on behalf of SmartRent or any of its affiliates for use therein, included in any
SEC Document or filed as an exhibit thereto, the representation and warranty in this sentence is made to the Issuer’s knowledge.
The Issuer has timely filed each report, statement, schedule, prospectus, and registration statement that the Issuer was required to file
with the Commission since its inception. There are no material outstanding or unresolved comments in comment letters from the Staff of
the Commission with respect to any of the SEC Documents. The financial statements of the Issuer 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 Issuer 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.

 

    	 	7	 

     

    

 

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

 

(o)         Except
for placement fees payable to J.P. Morgan Securities and Morgan Stanley & Co. LLC in their capacities as placement agents for
the offer and sale of the Acquired Shares (in such capacity, collectively, “Placement Agents”), the Issuer has not
paid, and is not obligated to pay, any brokerage, finder’s or other commission or similar fee in connection with its issuance and
sale of the Acquired Shares, including, for the avoidance of doubt, any fee or commission payable to any stockholder or affiliate of the
Issuer.

 

(p)         None
of the Issuer, its subsidiaries or any of their affiliates, nor any person acting on their behalf has, directly or indirectly, made any
offers or sales of any security or solicited any offers to buy any security, under circumstances that would require registration of the
issuance of any of the Acquired Shares under the Securities Act, whether through integration with prior offerings pursuant to Rule 502(a) of
the Securities Act or otherwise.

 

(q)         The
Issuer has not received any written communication from a governmental entity alleging that the Issuer 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 Material Adverse Effect.

 

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

 

		4.	Subscriber Representations and
Warranties. Subscriber represents and warrants that:

 

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

 

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

 

    	 	8	 

     

    

 

(c)          The
execution and delivery by Subscriber of this Subscription Agreement, and the performance by Subscriber of its obligations under this Subscription
Agreement, including the purchase of the Acquired Shares and the consummation of the other transactions contemplated herein, do not and
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, which would be reasonably
likely to materially affect the legal authority or ability of Subscriber to comply in all material respects with the terms of this Subscription
Agreement (a “Subscriber Material Adverse Effect”); (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 Subscriber’s properties that would be reasonably likely to have a Subscriber Material Adverse Effect or
materially affect the legal authority of Subscriber to comply in all material respects with this Subscription Agreement.

 

(d)          Subscriber
(i) is a “qualified institutional buyer” (as defined in Rule 144A promulgated under the Securities Act) or an institutional
 “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3), (7), (8) or (9) under the Securities
Act), in each case, satisfying the applicable requirements set forth on Schedule A, (ii)  is acquiring the Acquired Shares
only for its own account and not for the account of others, or if Subscriber is subscribing for the Acquired Shares as a fiduciary or
agent for one or more investor accounts, each owner of such account is a “qualified institutional buyer” (as defined above)
and Subscriber has full investment discretion with respect to each such account, and the full power and authority to make the acknowledgements,
representations and agreements herein on behalf of each owner of each such account, and (iii) is not acquiring the Acquired Shares
with a view to, or for offer or sale in connection with, any distribution thereof in violation of the Securities Act or any other securities
laws of the United States or any other jurisdiction. Accordingly, the Subscriber understands that the offering meets the exemptions from
filing under FINRA Rule 5123(b)(1)(C) or (J). Subscriber has completed Schedule A following the signature page hereto
and the information contained therein is accurate and complete. Subscriber is not an entity formed for the specific purpose of acquiring
the Acquired Shares and is an “institutional account” as defined by FINRA Rule 4512(c). Accordingly, the Subscriber understands
that the offering meets (i) the exemptions from filing under FINRA Rule 5123(b)(1)(A) and (ii) the institutional customer
exemption under FINRA Rule 2111(b).

 

(e)          Subscriber
understands that the Acquired Shares are being offered in a transaction not involving any public offering within the meaning of the Securities
Act and that the Acquired Shares have not been registered under the Securities Act or any other securities laws of the United States or
any other jurisdiction. Subscriber acknowledges that it is acquiring its entire beneficial ownership interest in the Acquired Shares for
Subscriber’s own account for investment purposes only (or for an account over which the Subscriber exercises sole discretion for
another qualified institutional buyer or accredited investor) and not with a view to any distribution of the Acquired Shares in any manner
that would violate the securities laws of the United States or any other jurisdiction. Subscriber understands that the Acquired Shares
may not be resold, Transferred (as defined herein), pledged or otherwise disposed of by Subscriber absent an effective registration statement
under the Securities Act, except (i) to the Issuer or a subsidiary thereof, (ii) to non-U.S. persons pursuant to offers and
sales that occur outside the United States within the meaning of Regulation S under the Securities Act, pursuant to Rule 144 promulgated
under the Securities Act, absent a change in law, receipt of regulatory no-action relief or an exemption, provided that all of the applicable
conditions thereof have been met, or (iv) pursuant to another applicable exemption from the registration requirements of the Securities
Act (including without limitation sales conducted pursuant to Rule 144 promulgated under the Securities Act), and that any certificates
or book entry records representing the Acquired Shares shall contain a legend to such effect. Subscriber acknowledges that the Acquired
Shares will not immediately be eligible for offer, resale, transfer, pledge or disposition pursuant to Rule 144 promulgated under
the Securities Act, and that the provisions of Rule 144(i) will apply to the Acquired Shares. Subscriber understands and agrees
that the Acquired Shares will be subject to the foregoing transfer restrictions and, as a result of these transfer restrictions, Subscriber
may not be able to readily resell the Acquired Shares and may be required to bear the financial risk of an investment in the Acquired
Shares for an indefinite period of time. Subscriber understands that it has been advised to consult legal counsel prior to making any
offer, resale, pledge or Transfer of any of the Acquired Shares. For purposes of this Subscription Agreement, “Transfer”
shall mean any direct or indirect transfer, redemption, disposition or monetization in any manner whatsoever, including, without limitation,
through any derivative transactions.

 

    	 	9	 

     

    

 

(f)         Subscriber
understands and agrees that Subscriber is purchasing the Acquired Shares directly from the Issuer. Subscriber further acknowledges that
there have been no representations, warranties, covenants and agreements made to Subscriber by the Issuer, SmartRent, the Placement Agents
or any of their respective affiliates, or any of their respective subsidiaries, control persons, officers, directors, employees, partners,
agents or representatives or any other person or entity, expressly or by implication, other than those representations, warranties, covenants
and agreements of the Issuer included in this Subscription Agreement.

 

(g)        Subscriber’s
acquisition and holding of the Acquired Shares will not constitute or result in a non-exempt prohibited transaction under section 406
of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), section 4975 of the Internal Revenue
Code of 1986, as amended (the “Code”), or any applicable similar law.

 

(h)        In
making its decision to subscribe for and purchase the Acquired Shares, Subscriber represents that, other than with respect to the representations
and warranties of the Issuer expressly set forth in this Agreement, it has relied solely upon its own independent investigation. Without
limiting the generality of the foregoing, in making its investment or decision to invest in the Issuer, Subscriber has not relied on any
statements or other information provided by the Issuer, SmartRent, the Placement Agents or any of their respective affiliates, or any
of their respective control persons, officers, directors, employees, partners, agents or representatives (other than the representations
and warranties of the Issuer expressly set forth in this Agreement), concerning the Issuer, SmartRent or the Acquired Shares or the offer
and sale of the Acquired Shares or Subscriber’s decision to purchase the Acquired Shares. Subscriber acknowledges and agrees that
Subscriber has received such information as Subscriber deems necessary in order to make an investment decision with respect to the Acquired
Shares, including with respect to the Issuer, the Transaction and the business of SmartRent. Without limiting the generality of the foregoing,
Subscriber acknowledges that it has reviewed the Issuer’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 such Subscriber’s professional advisor(s), if any, have deemed necessary to make an investment
decision with respect to the Acquired Shares.

 

    	 	10	 

     

    

 

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

 

(j)         Subscriber
acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Acquired Shares, including
those set forth in the Issuer’s filings with the Commission. Subscriber qualifies as a sophisticated institutional investor and
has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment,
both in general and with regard to transactions in, and investment strategies involving, securities, including Subscriber’s investment
in the Acquired Shares, and Subscriber has sought such accounting, legal and tax advice as Subscriber has considered necessary to make
an informed investment decision.

 

(k)        Subscriber
acknowledges and agrees that (i) each Placement Agent is acting solely as a placement agent in connection with the Subscription and
is not acting as an underwriter or in any other capacity and is not and shall not be construed as a fiduciary for Subscriber, (ii) none
of the Placement Agents nor any affiliate of the Placement Agents (nor any officer, director, employee or representative of each Placement
Agent or any affiliate thereof) have made, or will make, any representation or warranty, whether express or implied, of any kind or character
and have not provided, and will not provide, any advice or recommendation or act as a fiduciary in connection with the Subscription, (iii) the
Placement Agents will have no responsibility with respect to (A) any representations, warranties or agreements made by any person
or entity under or in connection with the Subscription or any of the documents furnished pursuant thereto or in connection therewith,
or the execution, legality, validity or enforceability (with respect to any person) thereof, or (B) the business, affairs, financial
condition, operations, properties or prospects of, or any other matter concerning the Issuer, SmartRent or the Subscription, (iv) the
Placement Agents (and their respective affiliates or control persons, officers, directors, employees, partners, agents or representatives)
shall have no liability or obligation (including without limitation, for or with respect to any losses, claims, damages, obligations,
penalties, judgments, awards, liabilities, costs, expenses or disbursements incurred by Subscriber, the Issuer or any other person or
entity) for any action heretofore or hereafter taken of omitted to be taken, whether in contract, tort or otherwise, to Subscriber, or
to any person claiming through Subscriber (including any affiliates, control persons, officers, directors, employees, partners, agents
or representatives), in respect of the Subscription, (v) the Placement Agents and their respective affiliates have not made an independent
investigation with respect to the Issuer, SmartRent or the Acquired Shares or the accuracy, completeness or adequacy of any information
supplied to Subscriber by the Issuer or SmartRent, and (vi) the Placement Agents have not prepared a disclosure or offering document
in connection with the offer and sale of the Acquired Shares.

 

    	 	11	 

     

    

 

(l)         Alone,
or together with any professional advisor(s), Subscriber represents and acknowledges that Subscriber has adequately analyzed and fully
considered the risks of an investment in the Acquired Shares and determined that the Acquired 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 Issuer. Subscriber acknowledges specifically that a possibility of total loss exists.

 

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

 

(n)        Subscriber
is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked Persons, the Executive Order 13599
List, the Foreign Sanctions Evaders List, or the Sectoral Sanctions Identification List, each of which is administered by the U.S. Treasury
Department’s Office of Foreign Assets Control (“OFAC”) (collectively “OFAC Lists”) or a person
or entity prohibited by any OFAC List, (ii) owned or controlled by, or acting on behalf of, a person, that is named on an OFAC List,
(iii) organized, incorporated, established, located, resident or born in, or a citizen, national, or the government, including any
political subdivision, agency, or instrumentality thereof, of, Cuba, Iran, North Korea, Sudan, Syria, the Crimea region of Ukraine,
or any other country or territory embargoed or subject to substantial trade restrictions by the United States, (iv) a Designated
National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515 or (v) a non-U.S. shell bank or providing banking
services indirectly to a non-U.S. shell bank. Subscriber represents that, if it is a financial institution subject to the Bank Secrecy
Act (31 U.S.C. section 5311 et seq.) (the “BSA”), as amended by the USA PATRIOT Act of 2001 (the “PATRIOT
Act”), and its implementing regulations (collectively, the “BSA/PATRIOT Act”), Subscriber maintains policies
and procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act. Subscriber also represents that, to
the extent required, it maintains policies and procedures reasonably designed to ensure compliance with OFAC-administered sanctions programs,
including for the screening of its investors against the OFAC Lists. Subscriber further represents and warrants that, to the extent required,
it maintains policies and procedures reasonably designed to ensure that the funds held by Subscriber and used to purchase the Acquired
Shares were legally derived.

 

(o)        If
Subscriber is or is acting on behalf of (i) an employee benefit plan that is subject to Title I of ERISA, (ii) a plan, an individual
retirement account or other arrangement that is subject to section 4975 of the Code, (iii) an entity whose underlying assets are
considered to include “plan assets” of any such plan, account or arrangement described in clauses (i) and (ii) (each,
an “ERISA Plan”), or (iv) 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 clauses (i), (ii) or (iii) 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 (together with the ERISA
Plans, the “Plans”), then Subscriber represents and warrants that it has not relied on the Issuer or any of its affiliates
(the “Transaction Parties”) for investment advice as the Plan’s fiduciary with respect to its decision to acquire
and hold the Acquired Shares, and none of the Transaction Parties shall at any time be relied on as the Plan’s fiduciary with respect
to any decision to acquire and hold the Acquired Shares.

 

    	 	12	 

     

    

 

(p)          At
the Closing, Subscriber will have sufficient funds to pay the Purchase Price pursuant to Section 2(b)(i).

 

5.            Additional
Subscriber Agreement. Subscriber hereby agrees that, from the date hereof until the Closing Date (or earlier termination of this Subscription
Agreement), neither Subscriber nor any person or entity acting on behalf of Subscriber or pursuant to any understanding with Subscriber
will engage in any Short Sales with respect to the Class A Shares of the Issuer. For purposes of this Section 5, “Short
Sales” shall include, without limitation, all “short sales” as defined in Rule 200 promulgated under Regulation
SHO under the Exchange Act, and all types of direct and indirect stock pledges (other than pledges in connection with a bona fide margin
agreement or in the ordinary course of business as part of prime brokerage arrangements), forward sale contracts, options, puts, calls,
swaps and similar arrangements (including on a total return basis), and sales and other transactions through non-U.S. broker dealers or
foreign regulated brokers. Notwithstanding the foregoing, (a) nothing herein shall prohibit entities under common management or that
share an investment advisor with Subscriber that have no knowledge of this Subscription Agreement or of Subscriber’s participation
in the Transaction (including Subscriber’s controlled affiliates and/or affiliates) from entering into any Short Sales, (b) in
the case of a Subscriber that is a multi-managed investment vehicle whereby separate portfolio managers manage separate portions of such
Subscriber’s assets and the portfolio managers have no knowledge of the investment decisions made by the portfolio managers managing
other portions of such Subscriber’s assets, this Section 5 shall only apply with respect to the portion of assets managed
by the portfolio manager that made the investment decision to purchase the Acquired Shares covered by this Subscription Agreement, and
(c) this Section 5 shall not apply to any sale (including the exercise of any redemption right) of securities of the
Issuer (i) held by the Subscriber, its controlled affiliates and/or affiliates or any person or entity acting on behalf of the Subscriber
or any of its controlled affiliates and/or affiliates prior to the execution of this Subscription Agreement or (ii) purchased by
the Subscriber, its affiliates or any person or entity acting on behalf of the Subscriber or any of its controlled affiliates and/or affiliates
in open market transactions after the execution of this Subscription Agreement.

 

    	 	13	 

     

    

 

		6.	Registration Rights.

 

(a)          The
Issuer agrees that, as soon as practicable, but in no event later than thirty (30) calendar days after the consummation of the Transaction,
the Issuer will file with the Commission (at the Issuer’s sole cost and expense) a registration statement registering the resale
of the Acquired Shares (the “Registration Statement”), and the Issuer shall use its reasonable best efforts to have
the Registration Statement declared effective as soon as practicable after the filing thereof, but no later than the earlier of (i) the
60th calendar day (or 90th calendar day if the Commission notifies the Issuer that it will “review” the Registration Statement)
following the Closing and (ii) the tenth (10th) business day after the date the Issuer is notified (orally or in writing, whichever
is earlier) by the Commission that the Registration Statement will not be “reviewed” or will not be subject to further review
(such earlier date, the “Effective Date”); provided, that if such date falls on a Saturday, Sunday or other day that
the Commission is closed for business, the Effective Date shall be extended to the next business day on which the Commission is open for
business. The Issuer’s obligations to include the Acquired Shares in the Registration Statement are contingent upon Subscriber furnishing
in writing to the Issuer such information regarding Subscriber, the securities of the Issuer held by Subscriber and the intended method
of disposition of the Acquired Shares as shall be reasonably requested by the Issuer to effect the registration of the Acquired Shares,
and Subscriber shall execute such documents in connection with such registration as the Issuer may reasonably request that are customary
of a selling stockholder in similar situations, including providing that the Issuer shall be entitled to postpone and suspend the effectiveness
or use of the Registration Statement as permitted hereunder; provided, however, that Subscriber shall not in connection with the foregoing
be required to execute any lock-up or similar agreement in respect of, or otherwise be subject to any other agreement with the Issuer
that imposes a contractual restriction on the ability to transfer, the Acquired Shares. Notwithstanding the foregoing, if the Commission
prevents the Issuer 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 Acquired Shares by the applicable stockholders or otherwise, such
Registration Statement shall register for resale such number of Acquired Shares which is equal to the maximum number of Acquired Shares
as is permitted by the Commission. In such event, the number of Acquired Shares to be registered for each selling stockholder named in
the Registration Statement shall be reduced pro rata among all such selling stockholders. In the event the Issuer amends the Registration
Statement in accordance with the foregoing, the Issuer will use its commercially reasonable efforts to file with the Commission, as promptly
as allowed by the Commission, one or more registration statement to register the resale of those Acquired Shares that were not registered
on the initial Registration Statement, as so amended. Upon notification by the Commission that the Registration Statement has been declared
effective by the Commission, within one (1) business day thereafter, the Issuer shall file the final prospectus under Rule 424
of the Securities Act. The Issuer will provide a draft of the Registration Statement to Subscriber for review at least four (4) business
days in advance of filing the Registration Statement. In no event shall Subscriber be identified as a statutory underwriter in the Registration
Statement unless requested by the Commission, in which case Subscriber will have the opportunity to withdraw from the Registration Statement
upon its prompt written request to the Issuer.

 

    	 	14	 

     

    

 

(b)          In
the case of the registration, qualification, exemption or compliance effected by the Issuer pursuant to this Subscription Agreement, the
Issuer shall, upon reasonable request, inform Subscriber as to the status of such registration, qualification, exemption and compliance.
At its expense the Issuer shall:

 

(i)         except
for such times as the Issuer is permitted hereunder to suspend the use of the prospectus forming part of a Registration Statement, use
its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under state securities laws
which the Issuer determines to obtain, continuously effective with respect to Subscriber, and to keep the applicable Registration Statement
or any subsequent shelf registration statement free of any material misstatements or omissions, until the earlier of the following: (A) the
date Subscriber ceases to hold any Acquired Shares, (B) the date all Acquired Shares held by Subscriber may be sold without restriction
under Rule 144, including without limitation, any volume and manner of sale restrictions which may be applicable to affiliates under
Rule 144 promulgated under the Securities Act and without the requirement for the Issuer to be in compliance with the current public
information required under Rule 144(c)(1) or Rule 144(i)(2), as applicable, and (C) three (3) years from the
Effective Date of the Registration Statement.

 

(ii)        advise
Subscriber as soon as reasonably practicable, but in any event within five (5) business days:

 

(A)        when
a Registration Statement or any amendment thereto has been filed with the Commission and when such Registration Statement or any post-effective
amendment thereto has become effective;

 

(B)        of
the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings
for such purpose;

 

(C)        of
the receipt by the Issuer of any notification with respect to the suspension of the qualification of the Acquired Shares included therein
for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

(D)        subject
to the provisions in this Subscription Agreement, of the occurrence of any event that requires the making of any changes in the Registration
Statement or prospectus so that, as of such date, the statements therein are not misleading and do not omit to state a material fact required
to be stated therein or necessary to make the statements therein (in the case of a prospectus, in the light of the circumstances under
which they were made) not misleading.

 

Notwithstanding anything to
the contrary set forth herein, the Issuer shall not, when so advising Subscriber of such events, provide Subscriber with any material,
nonpublic information regarding the Issuer other than to the extent that providing notice to Subscriber of the occurrence of the events
listed in (A) through (D) above may constitute material, nonpublic information regarding the Issuer or require Subscriber to
agree to keep such information confidential;

 

(iii)       use
its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of the Registration Statement as
soon as reasonably practicable;

 

(iv)       upon
the occurrence of any event contemplated above, except for such times as the Issuer is permitted hereunder to suspend, and has suspended,
the use of a prospectus forming part of a Registration Statement, the Issuer shall use its commercially reasonable efforts to as soon
as reasonably practicable prepare a post-effective amendment to such Registration Statement or a supplement to the related prospectus,
or file any other required document so that, as thereafter delivered to purchasers of the Acquired Shares included therein, such prospectus
will not include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading;

 

    	 	15	 

     

    

 

(v)         use
its commercially reasonable efforts to cause all Acquired Shares to be listed on the Stock Exchange;

 

(vi)        use
its commercially reasonable efforts to take all other steps necessary to effect the registration of the Acquired Shares contemplated hereby
and to enable Subscriber to sell the Acquired Shares under Rule 144; and

 

(vii)       remove
the legend described in Section 2(b)(ii) (or instruct its transfer agent to so remove such legend) from the Acquired
Shares if (A) the Registration Statement has become effective under the Securities Act, (B) such Acquired Shares are sold or
transferred pursuant to Rule 144 (if the transferor is not an affiliate of the Issuer), or (C) such Acquired Shares are eligible
for sale under Rule 144, without the requirement for the Issuer to be in compliance with the current public information required
under Rule 144(c)(1) (or Rule 144(i)(2), if applicable) as to such securities and without volume or manner-of-sale restrictions.
Subscriber agrees to provide the Issuer, its counsel and/or the transfer agent with evidence reasonably requested by it in order to cause
the removal of the legend described in Section 2(b)(ii) (the “Representations”). With respect to clause
(A), while the Registration Statement is effective, the Issuer shall use commercially reasonable efforts cause its counsel, or counsel
acceptable to the transfer agent, to issue to the transfer agent a “blanket” legal opinion to allow the legend on the Acquired
Shares to be removed upon resale of the Acquired Shares pursuant to the effective Registration Statement to the extent requested by the
transfer agent to effectuate the removal of the legend in connection with such sales. If a legend is no longer required pursuant to the
foregoing, the Issuer will, no later than two (2) business days following request by Subscriber, cause the transfer agent for the
Acquired Shares (the “Transfer Agent”) to remove any restrictive legends related to the book entry account holding
such Acquired Shares and make a new, unlegended entry for such book entry shares sold or disposed of without restrictive legends, subject
to the delivery by Subscriber to the Issuer or the Transfer Agent (with notice to the Issuer) of a legended certificate or instrument
representing Acquired Shares (endorsed or with stock powers attached, signatures guaranteed, and otherwise in form necessary to affect
the reissuance and/or transfer) and the Representations. Certificates for Acquired Shares free from all restrictive legends may be transmitted
by the Transfer Agent to Subscriber by crediting the account of the Subscriber’s prime broker with Depository Trust Company (“DTC”)
as directed by Subscriber. The Issuer shall be responsible for the fees of its Transfer Agent and all DTC fees associated with such issuance
and Subscriber shall be responsible for all other fees and expenses (including, without limitation, any applicable broker fees, fees and
disbursements of their legal counsel and any applicable transfer taxes).

 

    	 	16	 

     

    

 

(c)          Notwithstanding
anything to the contrary in this Subscription Agreement, the Issuer shall be entitled to delay or postpone the effectiveness of the Registration
Statement, and from time to time to require Subscriber not to sell under the Registration Statement or to suspend the effectiveness thereof,
if the negotiation or consummation of a transaction by the Issuer or its subsidiaries is pending or an event has occurred, which negotiation,
consummation or event the Issuer’s board of directors reasonably believes, upon the advice of legal counsel, would require additional
disclosure by the Issuer in the Registration Statement of material information that the Issuer has a bona fide business purpose for keeping
confidential and the non-disclosure of which in the Registration Statement would be expected, in the reasonable determination of the Issuer’s
board of directors, upon the advice of legal counsel, to cause the Registration Statement to fail to comply with applicable disclosure
requirements (each such circumstance, a “Suspension Event”); provided, however, that the Issuer may not delay or suspend
the Registration Statement on more than two (2) occasions or for more than sixty (60) consecutive calendar days, or more than ninety
(90) total calendar days, in each case during any twelve-month period; and, provided further, that the Issuer shall use commercially reasonable
efforts to make the Registration Statement available for sale by the Subscriber of its Acquired Shares as soon as practicable following
any such suspension. Upon receipt of any written notice from the Issuer of the happening of any Suspension Event during the period that
the Registration Statement is effective or if as a result of a Suspension Event the Registration Statement or related prospectus contains
any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made (in the case of the prospectus) not misleading, Subscriber agrees that
it will immediately discontinue offers and sales of the Acquired Shares under the Registration Statement (excluding, for the avoidance
of doubt, sales conducted pursuant to Rule 144 or another applicable exemption from the registration requirements of the Securities
Act) until Subscriber receives copies of a supplemental or amended prospectus (which the Issuer 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 Issuer that it may resume such offers and sales. If so directed by the Issuer, Subscriber will deliver
to the Issuer or, in Subscriber’s sole discretion destroy, all copies of the prospectus covering the Acquired Shares in Subscriber’s
possession; provided, however, that this obligation to deliver or destroy all copies of the prospectus covering the Acquired Shares shall
not apply (A) to the extent Subscriber is required to retain a copy of such prospectus (1) in order to comply with applicable
legal, regulatory, self-regulatory or professional requirements or (2) in accordance with a bona fide pre-existing document retention
policy or (B) to copies stored electronically on archival servers as a result of automatic data back-up.

 

(d)          Subscriber
may deliver written notice (an “Opt-Out Notice”) to the Issuer requesting that Subscriber not receive notices from
the Issuer otherwise required by Section 6(c); 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 Issuer 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 Issuer 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 6(d)) and the related suspension period remains in effect, the
Issuer will so notify Subscriber, within one (1) business day of Subscriber’s notification to the Issuer, 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 immediately upon its availability.

 

    	 	17	 

     

    

 

(e)          The
Issuer shall, notwithstanding any termination of this Subscription Agreement, indemnify, defend and hold harmless Subscriber (to the extent
a seller under the Registration Statement), the officers, directors, employees, advisors and agents of Subscriber and each person who
controls Subscriber (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) to the fullest
extent permitted by applicable law, from and against any and all out-of-pocket losses, claims, damages, liabilities, costs (including,
without limitation, reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, that arise
out of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in the Registration Statement, any
prospectus included in the Registration Statement, or any form of prospectus, or in any amendment or supplement thereto or in any preliminary
prospectus, or arising out of or relating to any omission or alleged omission to state a material fact required to be stated therein or
necessary to make the statements therein (in the case of any prospectus, or any form of prospectus or supplement thereto, in light of
the circumstances under which they were made) not misleading, except insofar as the same (A) are caused by or contained in any information
furnished in writing to the Issuer by or on behalf of Subscriber expressly for use therein, (B) result from or in connection with
any failure of such person to deliver or cause to be delivered a prospectus made available by the Issuer in a timely manner, or (C) result
from or in connection with any offers or sales effected by or on behalf of Subscriber in violation of Section 6(c) hereof,
and (ii) any violation or alleged violation by the Issuer of the Securities Act, Exchange Act or any state securities law or any
rule or regulation thereunder. Such indemnity shall remain in full force and effect regardless of any investigation made by or on
behalf of an indemnified party and shall survive the Transfer of the Acquired Shares by Subscriber.

 

(f)           Subscriber
shall, severally and not jointly with any other person that is a party to the Other Subscription Agreements, indemnify and hold harmless
the Issuer, its directors, officers, agents and employees, and each person who controls the Issuer (within the meaning of Section 15
of the Securities Act and Section 20 of the Exchange Act), to the fullest extent permitted by applicable law, from and against all
Losses, as incurred, (i) arising out of or 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 (ii) 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, with respect to (i) and/or (ii), to
the extent, but only to the extent, that such untrue or alleged untrue statements or omissions or alleged omissions are based upon information
regarding Subscriber furnished in writing to the Issuer by Subscriber expressly for use therein. 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 Acquired Shares giving rise
to such indemnification obligation. Such indemnity shall remain in full force and effect regardless of any investigation made by or on
behalf of an indemnified party and shall survive the Transfer of the Acquired Shares by Subscriber.

 

    	 	18	 

     

    

 

(g)          If
the indemnification provided under this Section 6 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 Subscriber
shall be limited to the net proceeds received by such Subscriber from the sale of the Acquired 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), or on behalf of 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 6, 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 6(g) from any person or entity who was
not guilty of such fraudulent misrepresentation.

 

(h)          Any
person 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 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. After notice
from the indemnifying party to the indemnified party of its election to assume the defense of such claim or action, or if such defense
is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without its
consent (but such consent shall not be unreasonably withheld). An indemnifying party who elects not to assume the defense of a claim shall
not be obligated to pay the fees and expenses of more than one (1) counsel for all parties indemnified by such indemnifying party
with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified
party and any other of such indemnified parties with respect to such claim. If such defense is assumed, (i) the indemnifying party
shall keep the indemnified party reasonably informed as to the status of such claim at all stages thereof (including all settlement negotiations
and offers). In any action hereunder as to which the indemnifying party has assumed the defense thereof with counsel satisfactory to the
indemnified party, the indemnified party shall continue to be entitled to participate in the defense thereof, with counsel of its own
choice, but the indemnifying party shall not be obligated hereunder to reimburse the indemnified party for the costs thereof. No indemnifying
party shall, without the prior written consent of the indemnified party, consent to the entry of any judgment or enter into any settlement
which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms
of such settlement) or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
indemnified party of a release from all liability in respect to such claim or litigation that shall be in form and substance satisfactory
to such indemnified party.

 

    	 	19	 

     

    

 

7.            Termination.
This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of the parties
hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earlier to occur of (a) such
date and time as the Transaction Agreement is terminated in accordance with the terms therein, (b) upon the mutual written agreement
of each of the parties hereto to terminate this Subscription Agreement, (c) if any of the conditions to Closing set forth in Sections
2(c) and 2(d) are not satisfied on or prior to the Closing Date and, as a result thereof, the transactions contemplated
by this Subscription Agreement are not consummated at the Closing, or (d) December 21, 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 out-of-pocket losses, liabilities or damages arising from
such breach. The Issuer shall promptly notify in writing Subscriber of the termination of the Transaction Agreement promptly after the
termination of such agreement. Upon the termination of this Subscription Agreement in accordance with this Section 7, any
Purchase Price paid by the Subscriber to the Issuer in connection herewith shall be promptly returned to the 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.

 

8.            Trust
Account Waiver. Notwithstanding anything to the contrary in this Subscription Agreement, Subscriber, on behalf of itself and its affiliates,
equity holders and representatives (a) acknowledges and agrees that (i) it has reviewed the Issuer’s filings with the
Commission and understands that the Issuer has established a trust account (the “Trust Account”) for the benefit of
the Issuer and certain of its existing shareholders, and (ii) none of Subscriber, or its affiliates, equity holders and representatives,
has any right, title, interest or claim of any kind arising from this Subscription Agreement in or to any monies in the Trust Account
or any distributions or payments therefrom (each, a “Claim”), and (b) hereby waives any Claim (whether arising
now or in the future) arising from this Subscription Agreement and agrees not to seek recourse against the Trust Account for any reason
whatsoever in connection with any such Claim; provided, however, that nothing in this Section 8 shall be deemed to limit or
prohibit (i) the Subscriber’s right to pursue a claim against the Issuer for legal relief against assets held outside the Trust
Account, for specific performance or other equitable relief, (ii) any claims that the Subscriber may have in the future against the
Issuer’s assets or funds that are not held in the Trust Account (including any funds that have been released to the Issuer from
the Trust Account and any assets that have been purchased or acquired with any such funds) and (iii) the Subscriber’s right,
title, interest or claim to the Trust Account by virtue of such Subscriber’s record or beneficial ownership of securities of the
Issuer acquired by any means other than pursuant to this Subscription Agreement, including but not limited to any redemption right with
respect to any such securities of the Issuer.

 

		9.	Miscellaneous.

 

(a)          Each
party hereto acknowledges that the other party hereto will rely on the acknowledgments, understandings, agreements, representations and
warranties contained in this Subscription Agreement. Prior to the Closing, each party hereto agrees to promptly notify the other party
hereto if any of the acknowledgments, understandings, agreements, representations and warranties made by such party as set forth herein
are no longer accurate in all material respects. Subscriber and the Issuer further acknowledge and agree that each Placement Agent may
rely on and are third-party beneficiaries of Section 3, Section 4 and this Section 9.

 

    	 	20	 

     

    

 

(b)          Each
of the Issuer, the Placement Agents and Subscriber is entitled to rely upon this Subscription Agreement and each is irrevocably authorized
to produce this Subscription Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official
inquiry with respect to the matters covered hereby to the extent required by law or by regulatory bodies.

 

(c)          Neither
this Subscription Agreement nor any rights that may accrue to Subscriber hereunder (other than the Acquired Shares, if any) may be transferred
or assigned without the prior written consent of the Issuer; provided that the consent of the Issuer shall not be required in connection
with a proposed assignment to any fund or account managed by the same investment manager as the Subscriber or an affiliate thereof (each
an “Affiliated Entity”), subject to such transferee or assignee, as applicable, executing a joinder to this Subscription
Agreement (that requires transferee or assignee to make the same representations and warranties as Subscriber in Section 4)
or a separate subscription agreement in the same form as this Subscription Agreement, and updating Schedule A hereto; provided,
that no such assignment shall relieve Subscriber of its obligations hereunder.

 

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

 

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

 

(f)           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.

 

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

 

(h)          If
any provision of this Subscription Agreement shall be adjudicated by a court of competent jurisdiction to 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.

 

    	 	21	 

     

    

 

(i)           This
Subscription Agreement may be executed in two (2) or more counterparts (including by a “.pdf” format data file or by
other electronic means), all of which shall be considered one and the same agreement and shall become effective when signed by each of
the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart.

 

(j)          Except
as otherwise contemplated in this Subscription Agreement, each party shall pay all of its own expenses in connection with this Subscription
Agreement and the transactions contemplated herein.

 

(k)          Any
notice or communication required or permitted hereunder shall be in writing and either delivered personally, emailed or telecopied, sent
by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall be deemed to
be given and received (i) when so delivered personally, (ii) upon receipt of an appropriate electronic answerback or confirmation
when so delivered by telecopy (to such number specified below or another number or numbers as such person may subsequently designate by
notice given hereunder), (iii) when sent, with no mail undeliverable or other rejection notice, if sent by email, or (iv) five
(5) business days after the date of mailing to the address below or to such other address or addresses as such person may hereafter
designate by notice given hereunder:

 

		(A)	if to Subscriber, to such address or addresses set forth on the signature page hereto;

 

		(A)	if to the Issuer (prior to the Closing), to:

 

Fifth Wall Acquisition Corp. I

6060 Center Drive, 10th Floor

Los Angeles,
California

Attention:
Brendan Wallace

E-mail: brendan@fifthwall.com

 

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

 

Gibson, Dunn &
Crutcher LLP

200 Park Avenue

New York, NY 10166-0193

Attention: Eduardo
Gallardo; Evan D’Amico

Email: egallardo@gibsondunn.com;
edamico@gibsondunn.com

 

		(B)	if to the Issuer (after the Closing), to:

 

SmartRent, Inc.

18835 N. Thompson
Peak Parkway

Scottsdale, AZ 85255

Attn: Lucas Haldeman

E-mail: lucas@smartrent.com

 

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

 

DLA Piper LLP

2525 East Camelback
Road

Esplanade II, Suite
1000

Phoenix, AZ 85016

		Attn:	David Lewis
	 	 	Kevin Criddle
	 	Email:	david.lewis@dlapiper.com
	 	 	kevin.criddle@dlapiper.com

 

 

(l)           This
Subscription Agreement, and any claim or cause of action hereunder based upon, arising out of or related to this Subscription Agreement
(whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution, performance or enforcement
of this Subscription Agreement, shall be governed by and construed in accordance with the laws of the State of New York, without giving
effect to the principles of conflicts of law thereof.

 

    	 	22	 

     

    

 

THE PARTIES HERETO IRREVOCABLY
SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, THE SUPREME COURT OF THE
STATE OF NEW YORK AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA LOCATED IN THE STATE OF NEW YORK SOLELY IN RESPECT OF THE INTERPRETATION
AND ENFORCEMENT OF THE PROVISIONS OF THIS SUBSCRIPTION AGREEMENT AND THE DOCUMENTS REFERRED TO IN THIS SUBSCRIPTION AGREEMENT AND IN RESPECT
OF THE TRANSACTIONS CONTEMPLATED HEREBY, AND HEREBY WAIVE, AND AGREE NOT TO ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR PROCEEDING FOR
INTERPRETATION OR ENFORCEMENT HEREOF OR ANY SUCH DOCUMENT THAT IS NOT SUBJECT THERETO OR THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT
BE BROUGHT OR IS NOT MAINTAINABLE IN SAID COURTS OR THAT VENUE THEREOF MAY NOT BE APPROPRIATE OR THAT THIS SUBSCRIPTION AGREEMENT
OR ANY SUCH DOCUMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS, AND THE PARTIES HERETO IRREVOCABLY AGREE THAT ALL CLAIMS WITH RESPECT
TO SUCH ACTION, SUIT OR PROCEEDING SHALL BE HEARD AND DETERMINED BY SUCH A NEW YORK STATE OR FEDERAL COURT. THE PARTIES HEREBY CONSENT
TO AND GRANT ANY SUCH COURT JURISDICTION OVER THE PERSON OF SUCH PARTIES AND OVER THE SUBJECT MATTER OF SUCH DISPUTE AND AGREE THAT MAILING
OF PROCESS OR OTHER PAPERS IN CONNECTION WITH SUCH ACTION, SUIT OR PROCEEDING IN THE MANNER PROVIDED IN SECTION 9(k) OR
IN SUCH OTHER MANNER AS MAY BE PERMITTED BY LAW SHALL BE VALID AND SUFFICIENT SERVICE THEREOF.

 

EACH PARTY ACKNOWLEDGES
AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY IS
LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY
RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO
THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SUBSCRIPTION AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES
THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (II) SUCH PARTY UNDERSTANDS AND HAS
CONSIDERED THE IMPLICATIONS OF THE FOREGOING WAIVER; (III) SUCH PARTY MAKES THE FOREGOING WAIVER VOLUNTARILY AND (IV) SUCH
PARTY HAS BEEN INDUCED TO ENTER INTO THIS SUBSCRIPTION AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS IN
THIS SECTION 9(l).

 

    	 	23	 

     

    

 

(m)         The
Issuer shall, by 9:00 a.m., New York City time, on the first (1st) business day immediately following the date of this Subscription Agreement,
issue one or more press releases or file with the Commission a Current Report on Form 8-K (collectively, the “Disclosure
Document”) disclosing all material terms of the transactions contemplated hereby, the Transaction, and any other material, nonpublic
information that the Issuer has provided to Subscriber at any time prior to the filing of the Disclosure Document. From and after the
issuance of the Disclosure Document, to the Issuer’s knowledge, Subscriber shall not be in possession of any material, nonpublic
information received from the Issuer or any of its officers, directors, employees or agents. Upon the issuance of the Disclosure Document
the Subscriber shall no longer be subject to any confidentiality or similar obligations under any current agreement, whether written or
oral, with the Issuer or any of their respective affiliates, officers, directors, or employees or agents, including, without limitation,
the Placement Agents, relating to the transactions contemplated by this Subscription Agreement. The Issuer understands and confirms that
the Subscriber and its affiliates will rely on the foregoing representations in effecting transactions in securities of the Issuer. Notwithstanding
anything in this Subscription Agreement to the contrary, the Issuer shall not, and shall direct its directors, officers, employees, and
agents not to, without the prior written consent of Subscriber, publicly disclose the name of Subscriber or any of its advisors or affiliates,
or include the name of Subscriber or any of its advisors or affiliates (i) in any press release or marketing materials or (ii) in
any filing with the Commission or any regulatory agency or trading market, except (A) as required by the federal securities law in
connection with the Registration Statement, (B) in the filing of this Subscription Agreement with the Commission and in the related
Current Report on Form 8-K in a manner acceptable to the undersigned, or (C) to the extent such disclosure is required by law,
at the request of the Staff of the Commission or regulatory agency or under the regulations of the Stock Exchange, in which case the Issuer
shall provide Subscriber with prior written notice of such disclosure permitted under this subclause (C) and the opportunity to comment
on such disclosure, which comments shall be considered in good faith.

 

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

 

(o)          The
parties agree that irreparable damage would occur if any provision of this Subscription Agreement were not performed in accordance with
the terms hereof or were otherwise breached, and accordingly, that the parties hereto shall be entitled to an injunction or injunctions
to prevent breaches of this Subscription Agreement, without posting a bond or undertaking and without proof of damages, or to enforce
specifically the performance of the terms and provisions of this Subscription Agreement in an appropriate court of competent jurisdiction
as set forth in Section 9(l), in addition to any other remedy to which any party is entitled at law, in equity, in contract,
in tort or otherwise.

 

    	 	24	 

     

    

 

(p)          The
obligations of the Subscriber under this Subscription Agreement are several and not joint with the obligations of any Other Subscriber
under the Other Subscription Agreements, and the Subscriber shall not be responsible in any way for the performance of the obligations
of any Other Subscriber. The decision of the Subscriber to purchase the Acquired Shares pursuant to this Subscription Agreement has been
made by the Subscriber independently of any Other Subscriber and independently of any information, materials, statements opinions as to
the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects
of the Issuer, SmartRent or any of their respective subsidiaries which may have been made or given by any Other Subscriber or by any agent
or employee of any Other Subscriber, and neither the Subscriber nor any of its agents or employees shall have any liability to any Other
Subscriber (or to 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 the Subscriber or any Other Subscriber pursuant hereto or thereto,
shall be deemed to constitute the Subscriber and any Other Subscribers as a partnership, an association, a joint venture or any other
kind of entity, or create a presumption that the Subscriber and any Other Subscriber are in any way acting in concert or as a “group”
(within the meaning of Section 13(d) of the Exchange Act) with respect to such obligations or the transactions contemplated
by this Subscription Agreement and the Other Subscription Agreements. The Subscriber acknowledges that no Other Subscriber has acted as
agent for the Subscriber in connection with making its investment hereunder and no Other Subscriber will be acting as agent of the Subscriber
in connection with monitoring its investment in the Acquired Shares or enforcing its rights under this Subscription Agreement.

 

(q)          The
Issuer acknowledges and agrees that, notwithstanding anything herein to the contrary, the Acquired Shares may be pledged by the Subscriber
in connection with a bona fide margin agreement, which shall not be deemed to be a transfer, sale or assignment of the Acquired Shares
hereunder, provided that such pledge shall be (i) pursuant to an available exemption from the registration requirements of the Securities
Act or (ii) pursuant to, and in accordance with, a registration statement that is effective under the Securities Act at the time
of such pledge, and the Subscriber effecting a pledge of the Acquired Shares shall not be required to provide the Issuer with any notice
thereof. The Issuer hereby agrees to execute and deliver such documentation as a pledgee of the Acquired Shares may reasonably request
in connection with a pledge of the Acquired Shares to such pledgee by the Subscriber.

 

(r)           From
and after such time as the benefits of Rule 144 promulgated under the Securities Act or any other similar rule or regulation
of the Commission that may allow Subscriber to sell securities of the Issuer to the public without registration are available to holders
of the Issuer’s Class A Shares for so long as the Subscriber holds the Acquired Shares, the Issuer agrees to take commercially
reasonable efforts to (to the extent any of the following is required to be satisfied for the Subscriber to sell securities of the Issuer
to the public under Rule 144): (i) make and keep public information available, as those terms are understood and defined in
Rule 144; (ii) file with the Commission in a timely manner all reports and other documents required of the Issuer under the
Securities Act and the Exchange Act so long as the Issuer remains subject to such requirements; and (iii) furnish to Subscriber,
promptly upon Subscriber’s reasonable request, (A) a written statement by the Issuer, if true, that it has complied with the
reporting requirements of Rule 144, the Securities Act, and the Exchange Act, (B) a copy of the most recent annual or quarterly
report of the Issuer and such other reports and documents so filed by the Issuer, and (C) such other information as may be reasonably
requested to permit Subscriber to sell such securities pursuant to Rule 144 without registration.

 

(s)          If
Subscriber is a Massachusetts Business Trust, a copy of the Declaration of Trust of Subscriber or any affiliate thereof is on file with
the Secretary of State of the Commonwealth of Massachusetts and notice is hereby given that the Subscription Agreement is executed on
behalf of the trustees of Subscriber or any affiliate thereof as trustees and not individually and that the obligations of the Subscription
Agreement are not binding on any of the trustees, officers or stockholders of Subscriber or any affiliate thereof individually but are
binding only upon Subscriber or any affiliate thereof and its assets and property.

 

[Signature pages follow.]

 

    	 	25	 

     

    

 

IN
WITNESS WHEREOF, the Issuer has executed or caused this Subscription Agreement to be executed by its duly authorized representative
as of the date first written above.

 

 

	 	FIFTH WALL ACQUISITION CORP. I
	 	 
	 	 
	 	By:	
	 	 	Name: Brendan Wallace
	 	 	Title: Chief Executive Officer

 

     

     

    

 

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

 

	Name of Subscriber:	 	State/Country of Formation or Domicile:
	 	 	 
	By:	                       	 	 
	 	 	 
	Name:	 	 	 
	 	 	 
	Title:	 	 	 
	 	 	 
	Name in which Shares are to be registered (if different):	 	 
	 	 	 
	Subscriber EIN:	 	 
	 	 	 
	Business Address-Street:	 	Mailing Address-Street (if different):
	 	 	 
	City, State, Zip:	 	City, State, Zip:
	 	 	 
	Attn:	 	 	Attn:	                      
	 	 	 
	Telephone No.:	 	Telephone No.:
	 	 	 
	Email address: 	 	 
	 	 	 
	 	 	 
	Number of Shares subscribed for:	 	 
	 	 	 
	Aggregate Subscription Amount: $	 	Price Per Share: $10.00

 

You must pay the Aggregate
Subscription Amount by wire transfer of United States dollars in immediately available funds to the account specified by the Issuer in
the Closing Notice.

 

[Signature Page to Subscription Agreement]

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