Document:

Exhibit 10.5

 

AMENDED AND RESTATED

REGISTRATION RIGHTS AGREEMENT

 

THIS AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of [●], 2022, is made and entered into by and
among Near Intelligence, Inc., (formerly known as KludeIn I Acquisition Corp.), a Delaware corporation, (the “Company”),
KludeIn Prime LLC, a Delaware limited liability company (the “Sponsor”), certain persons listed on Schedule
1 hereto (such persons, the “Initial Holders” and, together with the Sponsor the “Sponsor Parties”),
certain equityholders of Near Intelligence Holdings Inc., a Delaware corporation (“Near”) set forth on Schedule
2 hereto (such equityholders, the “Near Holders” and, collectively with the Sponsor Parties and any person or
entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 or Section 5.10 of this Agreement,
the “Holders” and each, a “Holder”).

 

RECITALS

 

WHEREAS, the Company,
the Sponsor and the Initial Holders are party to that certain Registration Rights Agreement, dated as of January 6, 2021 (the “Original
RRA”);

 

WHEREAS, the Company
has entered into that certain Agreement and Plan of Merger, dated as of May 18, 2022 (as it may be amended from time to time in accordance
with the terms thereof, the “Merger Agreement”), by and among the Company, Near and the other parties thereto;

 

WHEREAS, on the date
hereof, pursuant to the Merger Agreement, the Near Holders received, in the aggregate, shares of Class A common stock, par value $0.0001
per share, of the Company (the “Common Stock”) in the amount of Merger Consideration (such shares, “Merger
Consideration Shares”);

 

WHEREAS, substantially
simultaneously with its entering into the Merger Agreement, the Company has entered into a Common Stock Purchase Agreement with a certain
investor (the “Common Stock Investor”; such agreement, the “Common Stock Purchase Agreement”),
pursuant to which the Company may issue and sell to the Common Stock Investor, from time to time on or after the Closing, and the Common
Stock Investor shall purchase from the Company, up to the lesser of (i) One Hundred Million U.S. Dollars ($100,000,000) in aggregate gross
purchase price of newly issued shares of Common Stock, and (ii) a certain exchange cap set forth therein (the “Common Stock
Financing”);

 

WHEREAS, in connection
with the Merger Agreement and the transactions contemplated thereunder, the Company shall use commercially reasonable efforts to endeavor
to consummate a Transaction Financing (as defined in the Merger Agreement), pursuant to which the Company would issue and sell to certain
investors shares of Common Stock (“Investor Shares”) in one or more transactions exempt from registration under
the Securities Act pursuant to subscription agreements to be entered into by and between the Company and each of the investors that would
be parties thereto (each, a “Subscription Agreement” and, collectively, the “Subscription Agreements”);

 

WHEREAS, pursuant to
Section 5.5 of the Original RRA, the provisions, covenants and conditions set forth therein may be amended or modified upon the written
consent of the Company and the Holders (as defined in the Original RRA) of a majority-in-interest of the Registrable Securities (as defined
in the Original RRA) at the time in question, and the Sponsor Parties are Holders in the aggregate of all of the Registrable Securities
as of the date hereof; and

 

WHEREAS, the Company,
the Sponsor and the Holders desire to amend and restate the Original RRA in its entirety and enter into this Agreement, pursuant to which
the Company shall grant the Holders certain registration rights with respect to certain securities of the Company, as set forth in this
Agreement.

 

     

     

    

 

NOW,
THEREFORE, in consideration of the representations, covenants and agreements contained herein, and for certain other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby
agree as follows:

 

ARTICLE
I

 

DEFINITIONS

 

1.1 Definitions.
The terms defined in this Article I shall, for all purposes of this Agreement, have the respective meanings set forth below:

 

“Adverse
Disclosure” shall mean any public disclosure of material non-public information, which disclosure, in the good faith
judgment of the Chief Executive Officer or the principal financial officer of the Company, after consultation with counsel to the Company,
(i) would be required to be made in any Registration Statement or Prospectus in order for the applicable Registration Statement or
Prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained
therein (in the case of any prospectus and any preliminary prospectus, in the light of the circumstances under which they were made) not
misleading, (ii) would not be required to be made at such time if the Registration Statement were not being filed, declared effective
or used, as the case may be, and (iii) the Company has a bona fide business purpose for not making such information public.

 

“Agreement”
shall have the meaning given in the Preamble hereto.

 

“Block
Trade” shall have the meaning given in Section 2.4.1.

 

“Board”
shall mean the Board of Directors of the Company.

 

“Closing”
shall have the meaning given in the Merger Agreement.

 

“Closing
Date” shall have the meaning given in the Merger Agreement.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

“Common
Stock” shall have the meaning given in the Recitals hereto.

 

“Company”
shall have the meaning given in the Preamble hereto and includes the Company’s successors by recapitalization, merger, consolidation,
spin-off, reorganization or similar transaction.

 

“Competing
Registration Rights” shall have the meaning given in Section 5.7.

 

“Demanding
Holder” shall have the meaning given in Section 2.1.4.

 

“Demanding
Near Holders” shall have the meaning given in Section 2.1.4.

 

“Demanding Sponsor Holders” shall have the meaning given in Section 2.1.4.

 

    2

     

    

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.

 

“Form
S-1 Shelf” shall have the meaning given in Section 2.1.1.

 

“Form
S-3 Shelf” shall have the meaning given in Section 2.1.1.

 

“Holder
Information” shall have the meaning given in Section 4.1.2.

 

“Holders”
shall have the meaning given in the Preamble hereto, for so long as such person or entity holds any Registrable Securities.

 

“Initial Holders”
shall have the meaning given in the Preamble hereto.

 

“Investor
Shares” shall have the meaning given in the Recitals hereto.

 

“Joinder”
shall have the meaning given in Section 5.10.

 

“Maximum
Number of Securities” shall have the meaning given in Section 2.1.5.

 

“Merger
Agreement” shall have the meaning given in the Recitals hereto.

 

“Minimum
Takedown Threshold” shall have the meaning given in Section 2.1.4.

 

“Misstatement”
shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement
or Prospectus or necessary to make the statements in a Registration Statement or Prospectus (in the case of a Prospectus, in the light
of the circumstances under which they were made) not misleading.

 

“Near Holders”
shall have the meaning given in the Preamble hereto.

 

“Original
RRA” shall have the meaning given in the Recitals hereto.

 

“Permitted
Transferees” shall mean with respect to a Holder, (1) if such Holder is an individual, (w) the members of such Holder’s
immediate family (for purposes of this Agreement, “immediate family” shall mean with respect to any natural person, any of
the following: such person’s spouse, the siblings of such person and his or her spouse, and the direct descendants and ascendants
(including adopted and step children and parents) of such person and his or her spouses and siblings), (x) any transferee pursuant to
a qualified domestic relations order or by virtue of laws of descent and distribution upon death of such Holder, (y) a partnership, limited
liability company or other entity of which such Holder and/or the immediate family of such Holder are the legal and beneficial owner of
all of the outstanding equity securities or similar interests, and (z) any trust for the direct or indirect benefit of such Holder or
the immediate family of such Holder, (2) if such Holder is a trust, the trustor or beneficiary of such trust or the estate of a beneficiary
of such trust, (3) if such Holder is an entity, (x) as a distribution to limited partners, shareholders, members of, or owners of similar
equity interests in such Holder upon the liquidation and dissolution of such Holder, and (y) such Holder’s officers or directors
or immediate family members of any of such Holder’s officers or directors, and (4) any affiliate (as defined in Rule 405 under the
Securities Act of 1933, as amended) of Holder.

 

    3

     

    

 

“Piggyback
Registration” shall have the meaning given in Section 2.2.1.

 

“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Registrable Security”
shall mean (a) any outstanding shares of Common Stock or any other equity security (including warrants to purchase shares of Common Stock
and shares of Common Stock issued or issuable upon the exercise of any other equity security) of the Company held by a Holder immediately
following the Closing (including any securities distributable pursuant to the Merger Agreement); and (b) any other equity security of
the Company or any of its subsidiaries issued or issuable with respect to any securities referenced in clause (a) above by way of a stock
dividend or stock split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization or similar transaction;
provided, however, that, as to any particular Registrable Security, such securities shall cease to be Registrable Securities upon the
earliest to occur of: (A) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities
Act and such securities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement by
the applicable Holder; (B)(i) such securities shall have been otherwise transferred, (ii) new certificates for such securities not bearing
(or book entry positions not subject to) a legend restricting further transfer shall have been delivered by the Company and (iii) subsequent
public distribution of such securities shall not require registration under the Securities Act; (C) such securities shall have ceased
to be outstanding; (D) such securities may be sold without registration pursuant to Rule 144 or any successor rule promulgated under the
Securities Act (but with no volume or other restrictions or limitations including as to manner or timing of sale); and (E) such securities
have been sold to, or through, a broker, dealer or underwriter in a public distribution or other public securities transaction.

 

“Registration”
shall mean a registration, including any related Shelf Takedown, effected by preparing and filing a registration statement, Prospectus
or similar document in compliance with the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder,
and such registration statement becoming effective.

 

“Registration
Expenses” shall mean the documented, out-of-pocket expenses of a Registration, including, without limitation, the
following:

 

(A) all
registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority,
Inc.) and any national securities exchange on which the Common Stock is then listed;

 

(B) fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of outside counsel for the Underwriters
in connection with blue sky qualifications of Registrable Securities);

 

(C) printing,
messenger, telephone and delivery expenses;

 

(D) reasonable
fees and disbursements of counsel for the Company;

 

(E) reasonable
fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with such Registration;
and

 

(F) in
an Underwritten Offering or other offering involving an Underwriter, reasonable fees and expenses of one (1) legal counsel selected by
the majority-in-interest of the Demanding Holders.

 

    4

     

    

 

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

 

“Requesting
Holders” shall have the meaning given in Section 2.1.5.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended from time to time.

 

“Shelf”
shall mean the Form S-1 Shelf, the Form S-3 Shelf or any Subsequent Shelf Registration Statement, as the case may be.

 

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

 

“Shelf
Takedown” shall mean an Underwritten Shelf Takedown or any proposed transfer or sale using a Registration Statement,
including a Piggyback Registration.

 

“Sponsor”
shall have the meaning given in the Preamble hereto.

 

“Sponsor Holders”
shall mean the Sponsor and its Permitted Transferees who hold Registrable Securities.

 

“Sponsor Parties”
shall have the meaning given in the Preamble hereto.

 

“Subsequent
Shelf Registration Statement” shall have the meaning given in Section 2.1.2.

 

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

 

“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal or as broker, placement agent or sales agent pursuant
to a Registration and not as part of such dealer’s market-making activities.

 

“Underwritten
Offering” shall mean a Registration in which securities of the Company are sold to an Underwriter in a firm commitment
underwriting for distribution to the public.

 

“Underwritten
Shelf Takedown” shall have the meaning given in Section 2.1.4.

 

“Withdrawal
Notice” shall have the meaning given in Section 2.1.6.

 

    5

     

    

 

ARTICLE
II

 

REGISTRATIONS AND OFFERINGS

 

2.1 Shelf Registration.

 

2.1.1 Filing.
The Company agrees that it will file with the Commission (at the Company’s sole cost and expense) a Registration Statement for a
Shelf Registration on Form S-1 (the “Form S-1 Shelf”) or a Registration Statement for a Shelf Registration on
Form S-3 (the “Form S-3 Shelf”), if the Company is then eligible to use a Form S-3 Shelf, in each case, covering
the resale of all the Registrable Securities (determined as of two (2) business days prior to such filing) on a delayed or continuous
basis no later than thirty (30) calendar days after the Closing Date, and the Company shall use its commercially reasonable efforts to
have the Registration Statement declared effective as soon as practicable after the filing thereof, but no later than the earlier of (i)
sixty (60) calendar days after the filing thereof (or, in the event the Commission reviews and has written comments to the Registration
Statement, the ninetieth (90th) calendar day following the filing thereof) and (ii) the tenth (10th) business day after the date the Company
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 Shelf shall provide for the resale of the Registrable Securities included therein pursuant
to any method or combination of methods legally available to, and requested by, any Holder named therein. The Company shall maintain a
Shelf in accordance with the terms hereof, and shall prepare and file with the Commission such amendments, including post-effective amendments,
and supplements as may be necessary to keep a Shelf continuously effective, available for use to permit the Holders named therein to sell
their Registrable Securities included therein and in compliance with the provisions of the Securities Act until such time as there are
no longer any Registrable Securities. In the event the Company files a Form S-1 Shelf, the Company shall use its commercially reasonable
efforts to convert the Form S-1 Shelf (and any Subsequent Shelf Registration Statement) to a Form S-3 Shelf as soon as practicable after
the Company is eligible to use Form S-3. The Company’s obligation under this Section 2.1.1, shall, for the avoidance of doubt,
be subject to Section 3.4.

 

2.1.2 Subsequent
Shelf Registration. If any Shelf ceases to be effective under the Securities Act for any reason at any time while Registrable Securities
are still outstanding, the Company shall, subject to Section 3.4, use its commercially reasonable efforts to as promptly as
is reasonably practicable cause such Shelf to again become effective under the Securities Act (including using its commercially reasonable
efforts to obtain the prompt withdrawal of any order suspending the effectiveness of such Shelf), and shall use its commercially reasonable
efforts to as promptly as is reasonably practicable amend such Shelf in a manner reasonably expected to result in the withdrawal of any
order suspending the effectiveness of such Shelf or file an additional registration statement as a Shelf Registration (a “Subsequent
Shelf Registration Statement”) registering the resale of all Registrable Securities (determined as of two (2) business
days prior to such filing), and pursuant to any method or combination of methods legally available to, and requested by, any Holder named
therein. If a Subsequent Shelf Registration Statement is filed, the Company shall use its commercially reasonable efforts to (i) cause
such Subsequent Shelf Registration Statement to become effective under the Securities Act as promptly as is reasonably practicable after
the filing thereof (it being agreed that the Subsequent Shelf Registration Statement shall be an automatic shelf registration statement
(as defined in Rule 405 promulgated under the Securities Act) if the Company is a well-known seasoned issuer (as defined in Rule 405 promulgated
under the Securities Act) at the most recent applicable eligibility determination date) and (ii) keep such Subsequent Shelf Registration
Statement continuously effective, available for use to permit the Holders named therein to sell their Registrable Securities included
therein and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Securities.
Any such Subsequent Shelf Registration Statement shall be on Form S-3 to the extent that the Company is eligible to use such form. Otherwise,
such Subsequent Shelf Registration Statement shall be on another appropriate form. The Company’s obligation under this Section
2.1.2, shall, for the avoidance of doubt, be subject to Section 3.4.

 

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2.1.3 Additional
Registrable Securities. Subject to Section 3.4, in the event that any Holder holds Registrable Securities that are not registered
for resale on a delayed or continuous basis, the Company, upon written request of a Sponsor Holder or a Near Holder, shall promptly use
its commercially reasonable efforts to cause the resale of such Registrable Securities to be covered by either, at the Company’s
option, any then available Shelf (including by means of a post-effective amendment) or by filing a Subsequent Shelf Registration Statement
and cause the same to become effective as soon as practicable after such filing and such Shelf or Subsequent Shelf Registration Statement
shall be subject to the terms hereof; provided, however, that the Company shall only be required to cause such Registrable
Securities to be so covered twice per calendar year for each of the Sponsor Holders and the Near Holders.

 

2.1.4 Requests
for Underwritten Shelf Takedowns. Subject to Section 3.4, at any time and from time to time when an effective Shelf is on file
with the Commission, (a) a Sponsor Holder (a “Demanding Sponsor Holder”) or (b) a Near Holder (a “Demanding
Near Holder”) (any of the Demanding Sponsor Holders or such Demanding Near Holders being in such case, a “Demanding
Holder”) may request to sell all or any portion of its Registrable Securities in an Underwritten Offering or other
coordinated offering that is registered pursuant to the Shelf (each, an “Underwritten
Shelf Takedown”); provided that the Company shall only be obligated to effect an Underwritten Shelf Takedown
if such offering shall include Registrable Securities proposed to be sold by the Demanding Holder, either individually or together with
other Demanding Holders, with a total offering price reasonably expected to exceed, in the aggregate, $50 million (the “Minimum
Takedown Threshold”). All requests for Underwritten Shelf Takedowns shall be made by giving written notice to the
Company, which shall specify the approximate number of Registrable Securities proposed to be sold in the Underwritten Shelf Takedown.
Subject to Section 2.4.4, the Company shall have the right to select the Underwriters for such offering (which shall consist
of one or more reputable nationally recognized investment banks), subject to the initial Demanding Holder’s prior approval (which
shall not be unreasonably withheld, conditioned or delayed). The Demanding Sponsor Holders and the Demanding Near Holders may each demand
not more than two (2) Underwritten Shelf Takedowns pursuant to this Section 2.1.4 in any twelve (12) month period. Notwithstanding
anything to the contrary in this Agreement, the Company may effect any Underwritten Offering pursuant to any then effective Registration
Statement, including a Form S-3 Shelf, that is then available for such offering.

 

2.1.5 Reduction
of Underwritten Offering. If the managing Underwriter or Underwriters in an Underwritten Shelf Takedown, in good faith, advises the
Company, the Demanding Holders and the Holders requesting piggy back rights pursuant to this Agreement with respect to such Underwritten
Shelf Takedown (the “Requesting Holders”) (if
any) in writing that the dollar amount or number of Registrable Securities that the Demanding Holders and the Requesting Holders (if any)
desire to sell, taken together with all other shares of Common Stock or other equity securities that the Company desires to sell and all
other shares of Common Stock or other equity securities, if any, that have been requested to be sold in such Underwritten Offering pursuant
to separate written contractual piggy-back registration rights held by any other stockholders, exceeds the maximum dollar amount or maximum
number of equity securities that can be sold in the Underwritten Offering without adversely affecting the proposed offering price, the
timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or maximum number of such
securities, as applicable, the “Maximum Number of Securities”),
then the Company shall include in such Underwritten Offering, before including any shares of Common Stock or other equity securities proposed
to be sold by Company or by other holders of Common Stock or other equity securities, the Registrable Securities of the Demanding Holders
and the Requesting Holders (if any) (pro rata based on the respective number of Registrable Securities that each Demanding Holder and
Requesting Holder (if any) has requested be included in such Underwritten Shelf Takedown and the aggregate number of Registrable Securities
that the Demanding Holders and Requesting Holders have requested be included in such Underwritten Shelf Takedown) that can be sold without
exceeding the Maximum Number of Securities.

 

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2.1.6 Withdrawal.
Prior to the filing of the applicable “red herring” prospectus or prospectus supplement used for marketing such Underwritten
Shelf Takedown, any Demanding Holder initiating an Underwritten Shelf Takedown shall have the right to withdraw from such Underwritten
Shelf Takedown for any or no reason whatsoever upon written notification (a “Withdrawal
Notice”) to the Company and the Underwriter or Underwriters (if any) of their intention to withdraw from such Underwritten
Shelf Takedown; provided that the a Sponsor Holder or a Near Holder may elect to have the Company continue an Underwritten Shelf
Takedown if the Minimum Takedown Threshold would still be satisfied by the Registrable Securities proposed to be sold in the Underwritten
Shelf Takedown by the Sponsor Holders, the Near Holders or any of their respective Permitted Transferees, as applicable. If withdrawn,
a demand for an Underwritten Shelf Takedown shall constitute a demand for an Underwritten Shelf Takedown by the withdrawing Demanding
Holder for purposes of Section 2.1.4, unless either (i) such Demanding Holder has not previously withdrawn any Underwritten
Shelf Takedown or (ii) such Demanding Holder reimburses the Company for all Registration Expenses with respect to such Underwritten
Shelf Takedown (or, if there is more than one Demanding Holder, a pro rata portion of such Registration Expenses based on the respective
number of Registrable Securities that each Demanding Holder has requested be included in such Underwritten Shelf Takedown); provided
that, if a Sponsor Holder or a Near Holder elects to continue an Underwritten Shelf Takedown pursuant to the proviso in the immediately
preceding sentence, such Underwritten Shelf Takedown shall instead count as an Underwritten Shelf Takedown demanded by such Sponsor Holder
or such Near Holder, as applicable, for purposes of Section 2.1.4. Following the receipt of any Withdrawal Notice, the Company
shall promptly forward such Withdrawal Notice to any other Holders that had elected to participate in such Shelf Takedown. Notwithstanding
anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with
a Shelf Takedown prior to its withdrawal under this Section 2.1.6, other than if a Demanding Holder elects to pay such Registration
Expenses pursuant to clause (ii) of the second sentence of this Section 2.1.6.

 

2.2 Piggyback Registration.

 

2.2.1 Piggyback
Rights. Subject to Section 2.4.3, if the Company or any Holder proposes to conduct a registered offering of, or if the
Company proposes to file a Registration Statement under the Securities Act with respect to the Registration of, equity securities, or
securities or other obligations exercisable or exchangeable for, or convertible into equity securities, for its own account or for the
account of stockholders of the Company (or by the Company and by the stockholders of the Company including, without limitation, an Underwritten
Shelf Takedown pursuant to Section 2.1), other than a Registration Statement (or any registered offering with respect thereto)
(i) filed in connection with any employee stock option or other benefit plan, (ii) pursuant to a Registration Statement on Form
S-4 (or similar form that relates to a transaction subject to Rule 145 under the Securities Act or any successor rule thereto), (iii) for
an offering of debt that is convertible into equity securities of the Company or (iv) for a dividend reinvestment plan, then the
Company shall give written notice of such proposed offering to all of the Holders of Registrable Securities as soon as practicable but
not less than ten (10) days before the anticipated filing date of such Registration Statement or, in the case of an Underwritten Offering
pursuant to a Shelf Registration, the applicable “red herring” prospectus or prospectus supplement used for marketing such
offering, which notice shall (A) describe the amount and type of securities to be included in such offering, the intended method(s)
of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, in such offering, and (B) offer to all
of the Holders of Registrable Securities the opportunity to include in such registered offering such number of Registrable Securities
as such Holders may request in writing within five (5) days after receipt of such written notice (such registered offering, a “Piggyback
Registration”). Subject to Section 2.2.2, the Company shall, in good faith, cause such Registrable Securities
to be included in such Piggyback Registration and, if applicable, shall use its commercially reasonable efforts to cause the managing
Underwriter or Underwriters of such Piggyback Registration to permit the Registrable Securities requested by the Holders pursuant to this
Section 2.2.1 to be included therein on the same terms and conditions as any similar securities of the Company included in
such registered offering and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s)
of distribution thereof. The inclusion of any Holder’s Registrable Securities in a Piggyback Registration shall be subject to such
Holder agreement to enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering.

 

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2.2.2 Reduction
of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Offering that is to be a Piggyback Registration,
in good faith, advises the Company and the Holders of Registrable Securities participating in the Piggyback Registration in writing that
the dollar amount or number of shares of Common Stock or other equity securities that the Company desires to sell, taken together with
(i) the shares of Common Stock or other equity securities, if any, as to which Registration or a registered offering has been demanded
pursuant to separate written contractual arrangements with persons or entities other than the Holders of Registrable Securities hereunder,
(ii) the Registrable Securities as to which registration has been requested pursuant to Section 2.2 hereof, and (iii)
the shares of Common Stock or other equity securities, if any, as to which Registration or a registered offering has been requested pursuant
to separate written contractual piggy-back registration rights of persons or entities other than the Holders of Registrable Securities
hereunder, exceeds the Maximum Number of Securities, then:

 

(a) if
the Registration or registered offering is undertaken for the Company’s account, the Company shall include in any such Registration
or registered offering (A) first, the shares of Common Stock or other equity securities that the Company desires to sell, which can
be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of Securities has not been
reached under the foregoing clause (A), the Registrable Securities of Holders exercising their rights to register their Registrable
Securities pursuant to Section 2.2.1, pro rata, based on the respective number of Registrable Securities that each Holder
has requested be included in such Underwritten Offering and the aggregate number of Registrable Securities that the Holders have requested
to be included in such Underwritten Offering, which can be sold without exceeding the Maximum Number of Securities; and (C) third, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A) and (B), the shares of Common
Stock or other equity securities, if any, as to which Registration or a registered offering has been requested pursuant to separate written
contractual piggy-back registration rights of persons or entities other than the Holders of Registrable Securities hereunder, which can
be sold without exceeding the Maximum Number of Securities;

 

(b) if
the Registration or registered offering is pursuant to a demand by persons or entities other than the Holders of Registrable Securities,
then the Company shall include in any such Registration or registered offering (A) first, the shares of Common Stock or other equity securities,
if any, of such requesting persons or entities, other than the Holders of Registrable Securities, which can be sold without exceeding
the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing
clause (A), the Registrable Securities of Holders exercising their rights to register their Registrable Securities pursuant to Section 2.2.1,
pro rata, based on the respective number of Registrable Securities that each Holder has requested be included in such Underwritten Offering
and the aggregate number of Registrable Securities that the Holders have requested to be included in such Underwritten Offering, which
can be sold without exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum Number of Securities has not
been reached under the foregoing clauses (A) and (B), the shares of Common Stock or other equity securities that the Company desires
to sell, which can be sold without exceeding the Maximum Number of Securities; and (D) fourth, to the extent that the Maximum Number of
Securities has not been reached under the foregoing clauses (A), (B) and (C), the shares of Common Stock or other equity securities,
if any, as to which Registration or a registered offering has been requested pursuant to separate written contractual piggy-back registration
rights of persons or entities other than the Holders of Registrable Securities hereunder, which can be sold without exceeding the Maximum
Number of Securities; and

 

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(c) if
the Registration or registered offering and Underwritten Shelf Takedown is pursuant to a request by Holder(s) of Registrable Securities
pursuant to Section 2.1 hereof, then the Company shall include in any such Registration or registered offering securities
in the priority set forth in Section 2.1.5.

 

2.2.3 Piggyback
Registration Withdrawal. Any Holder of Registrable Securities (other than a Demanding Holder, whose right to withdraw from an Underwritten
Shelf Takedown, and related obligations, shall be governed by Section 2.1.6) shall have the right to withdraw from a Piggyback
Registration for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of
his, her or its intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed
with the Commission with respect to such Piggyback Registration or, in the case of a Piggyback Registration pursuant to a Shelf Registration,
the filing of the applicable “red herring” prospectus or prospectus supplement with respect to such Piggyback Registration
used for marketing such transaction. The Company (whether on its own good faith determination or as the result of a request for withdrawal
by persons or entities pursuant to separate written contractual obligations) may withdraw a Registration Statement filed with the Commission
in connection with a Piggyback Registration (which, in no circumstance, shall include a Shelf) at any time prior to the effectiveness
of such Registration Statement. Notwithstanding anything to the contrary in this Agreement (other than Section 2.1.6), the
Company shall be responsible for the Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal
under this Section 2.2.3.

 

2.2.4 Unlimited
Piggyback Registration Rights. For purposes of clarity, subject to Section 2.1.6, any Piggyback Registration effected
pursuant to Section 2.2 hereof shall not be counted as a demand for an Underwritten Shelf Takedown under Section 2.1.4
hereof.

 

2.3 Market Stand-off.
In connection with any Underwritten Offering of equity securities of the Company (other than a Block Trade), each Holder that
participates in such Underwritten Offering agrees that it shall not Transfer any shares of Common Stock or other equity securities
of the Company (other than those included in such offering pursuant to this Agreement), without the prior written consent of the
Company, during the ninety (90)-day period (or such shorter time agreed to by the managing Underwriters) beginning on the date of
pricing of such offering, except as expressly permitted by such lock-up agreement or in the event the managing Underwriters
otherwise agree by written consent. Each Holder participating in any Underwritten Offering agrees to execute a customary lock-up
agreement in favor of the Underwriters to such effect (in each case on substantially the same terms and conditions as all such
Holders).

 

2.4 Block Trades.

 

2.4.1 Notwithstanding
any other provision of this Article II, but subject to Section 3.4, at any time and from time to time when an effective
Shelf is on file with the Commission, if a Demanding Holder wishes to engage in an underwritten or other coordinated registered offering
not involving a “roadshow,” an offer commonly known as a “block trade” (a “Block
Trade”), with a total offering price reasonably expected to exceed, in the aggregate, either (x) $25 million
or (y) all remaining Registrable Securities held by the Demanding Holder, then such Demanding Holder only needs to notify the Company
of the Block Trade at least five (5) business days prior to the day such offering is to commence and the Company shall as expeditiously
as possible use its commercially reasonable efforts to facilitate such Block Trade; provided that the Demanding Holders representing
a majority of the Registrable Securities wishing to engage in the Block Trade shall use commercially reasonable efforts to work with the
Company and any Underwriters prior to making such request in order to facilitate preparation of the registration statement, prospectus
and other offering documentation related to the Block Trade.

 

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2.4.2 Prior
to the filing of the applicable “red herring” prospectus or prospectus supplement used in connection with a Block Trade, a
majority-in-interest of the Demanding Holders initiating such Block Trade shall have the right to submit a Withdrawal Notice to the Company
and the Underwriter or Underwriters (if any) of their intention to withdraw from such Block Trade. Notwithstanding anything to the contrary
in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with a Block Trade prior to its
withdrawal under this Section 2.4.2.

 

2.4.3 Notwithstanding
anything to the contrary in this Agreement, Section 2.2 shall not apply to a Block Trade initiated by a Demanding Holder pursuant
to this Agreement.

 

2.4.4 The
Demanding Holder in a Block Trade shall have the right to select the Underwriters for such Block Trade (which shall consist of one or
more reputable nationally recognized investment banks).

 

2.4.5 A
Holder in the aggregate may demand no more than two (2) Block Trades pursuant to this Section 2.4 in any twelve (12) month period.
For the avoidance of doubt, any Block Trade effected pursuant to this Section 2.4 shall not be counted as a demand for an Underwritten
Shelf Takedown pursuant to Section 2.1.4 hereof.

 

ARTICLE
III

 

COMPANY PROCEDURES

 

3.1 General Procedures.
In connection with any Shelf and/or Shelf Takedown, the Company shall use its commercially reasonable efforts to effect such Registration
to permit the sale of such Registrable Securities in accordance with the intended plan of distribution thereof, and pursuant thereto
the Company shall, as expeditiously as possible:

 

3.1.1 prepare
and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use its commercially
reasonable efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities have
ceased to be Registrable Securities;

 

3.1.2 prepare
and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements to the
Prospectus, as may be reasonably requested by any Holder that holds at least five percent (5%) of the Registrable Securities registered
on such Registration Statement or any Underwriter of Registrable Securities or as may be required by the rules, regulations or instructions
applicable to the registration form used by the Company or by the Securities Act or rules and regulations thereunder to keep the Registration
Statement effective until all Registrable Securities covered by such Registration Statement are sold in accordance with the intended plan
of distribution set forth in such Registration Statement or supplement to the Prospectus;

 

3.1.3 prior
to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriters,
if any, and the Holders of Registrable Securities included in such Registration, and such Holders’ legal counsel, copies of such
Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all
exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement (including each
preliminary Prospectus), and such other documents as the Underwriters and the Holders of Registrable Securities included in such Registration
or the legal counsel for any such Holders may request in order to facilitate the disposition of the Registrable Securities owned by such
Holders;

 

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3.1.4 prior
to any public offering of Registrable Securities, use its commercially reasonable efforts to (i) register or qualify the Registrable Securities
covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United States
as the Holders of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution) may
request (or provide evidence satisfactory to such Holders that the Registrable Securities are exempt from such registration or qualification)
and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered with or
approved by such other governmental authorities as may be necessary by virtue of the business and operations of the Company and do any
and all other acts and things that may be necessary or advisable to enable the Holders of Registrable Securities included in such Registration
Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however, that the
Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify
or take any action to which it would be subject to general service of process or taxation in any such jurisdiction where it is not then
otherwise so subject;

 

3.1.5 cause
all such Registrable Securities to be listed on each national securities exchange on which similar securities issued by the Company are
then listed;

 

3.1.6 provide
a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective date of
such Registration Statement;

 

3.1.7 advise
each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any
stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding
for such purpose and promptly use its commercially reasonable efforts to prevent the issuance of any stop order or to obtain its withdrawal
if such stop order should be issued;

 

3.1.8 at
least five (5) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration
Statement or Prospectus (or such shorter period of time as may be (a) necessary in order to comply with the Securities Act, the Exchange
Act, and the rules and regulations promulgated under the Securities Act or Exchange Act, as applicable or (b) advisable in order to reduce
the number of days that sales are suspended pursuant to Section 3.4), furnish a copy thereof to each seller of such Registrable
Securities or its counsel (excluding any exhibits thereto and any filing made under the Exchange Act that is to be incorporated by reference
therein);

 

3.1.9 notify
the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities Act,
of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes
a Misstatement, and then to correct such Misstatement as set forth in Section 3.4;

 

3.1.10 in
the event of an Underwritten Offering, a Block Trade or sale by a broker, placement agent or sales agent pursuant to such Registration,
permit a representative of the Holders, the Underwriters or other financial institutions facilitating such Underwritten Offering, Block
Trade or other sale pursuant to such Registration, if any, and any attorney, consultant or accountant retained by such Holders or Underwriter
to participate, at each such person’s or entity’s own expense, in the preparation of the Registration Statement, and cause
the Company’s officers, directors and employees to supply all information reasonably requested by any such representative, Underwriter,
financial institution, attorney, consultant or accountant in connection with the Registration; provided, however, that such
representatives, Underwriters or financial institutions agree to confidentiality arrangements in form and substance reasonably satisfactory
to the Company, prior to the release or disclosure of any such information; and provided further, that the Company will not include
the name of any Holder or any information regarding any Holder not participating in such sale pursuant to such Registration unless required
by the Commission or any applicable law, rules or regulations;

 

    12

     

    

 

3.1.11 obtain
a “cold comfort” letter from the Company’s independent registered public accountants in the event of an Underwritten
Offering, a Block Trade or sale by a broker, placement agent or sales agent pursuant to such Registration (subject to such broker, placement
agent or sales agent providing such certification or representation reasonably requested by the Company’s independent registered
public accountings and the Company’s counsel) in customary form and covering such matters of the type customarily covered by “cold
comfort” letters as the managing Underwriter may reasonably request, and reasonably satisfactory to a majority-in-interest of the
participating Holders;

 

3.1.12 in
the event of an Underwritten Offering, a Block Trade or sale by a broker, placement agent or sales agent pursuant to such Registration,
on the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion, dated such date, of counsel
representing the Company for the purposes of such Registration, addressed to the participating Holders, the broker, placement agents or
sales agent, if any and the Underwriters, if any, covering such legal matters with respect to the Registration in respect of which such
opinion is being given as the participating Holders, broker, placement agent, sales agent or Underwriter may reasonably request and as
are customarily included in such opinions and negative assurance letters;

 

3.1.13 in
the event of any Underwritten Offering, a Block Trade or sale by a broker, placement agent or sales agent pursuant to such Registration,
enter into and perform its obligations under an underwriting or other purchase or sales agreement, in usual and customary form, with the
managing Underwriter or the broker, placement agent or sales agent of such offering or sale;

 

3.1.14 make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12)
months beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration Statement
which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule then in effect);

 

3.1.15 with
respect to an Underwritten Offering pursuant to Section 2.1.4, use its commercially reasonable efforts to make available senior
executives of the Company to participate in customary “road show” presentations that may be reasonably requested by the Underwriter
in such Underwritten Offering; and

 

3.1.16 otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the participating Holders,
consistent with the terms of this Agreement, in connection with such Registration.

 

Notwithstanding the foregoing, the Company shall
not be required to provide any documents or information to an Underwriter or other sales agent or placement agent if such Underwriter
or other sales agent or placement agent has not then been named with respect to the applicable Underwritten Offering or other offering
involving a Registration and an Underwriter.

 

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3.2 Registration Expenses.
The Registration Expenses of all Registrations shall be borne by the Company. It is acknowledged by the Holders that the Holders shall
bear all incremental selling expenses relating to the sale of Registrable Securities, such as Underwriters’ commissions and discounts,
brokerage fees, Underwriter marketing costs and, other than as set forth in the definition of “Registration Expenses,” all
reasonable fees and expenses of any legal counsel representing the Holders.

 

3.3 Requirements for Participation
in Registration Statement in Offerings. Notwithstanding anything in this Agreement to the contrary, if any Holder does not provide
the Company with its requested Holder Information, the Company may exclude such Holder’s Registrable Securities from the applicable
Registration Statement or Prospectus if the Company determines, based on the advice of counsel, that such information is necessary to
effect the registration and such Holder continues thereafter to withhold such information. No person or entity may participate in any
Underwritten Offering or other offering involving a Registration and an Underwriter for equity securities of the Company pursuant to
a Registration initiated by the Company hereunder unless such person or entity (i) agrees to sell such person’s or entity’s
securities on the basis provided in any arrangements approved by the Company and (ii) completes and executes all customary questionnaires,
powers of attorney, indemnities, lock-up agreements, underwriting or other agreements and other customary documents as may be reasonably
required under the terms of such arrangements. The exclusion of a Holder’s Registrable Securities as a result of this Section 3.3
shall not affect the registration of the other Registrable Securities to be included in such Registration.

 

3.4 Suspension of Sales;
Adverse Disclosure; Restrictions on Registration Rights.

 

3.4.1 Upon
receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement, each of the Holders shall
forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended Prospectus correcting
the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement or amendment as soon as practicable
after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus may be resumed.

 

3.4.2 Subject
to Section 3.4.4, if the filing, initial effectiveness or continued use of a Registration Statement in respect of any Registration
at any time would (a) require the Company to make an Adverse Disclosure, (b) require the inclusion in such Registration Statement
of financial statements that are unavailable to the Company for reasons beyond the Company’s control, or (c) in the good faith
judgment of the majority of the Board such Registration, be seriously detrimental to the Company and the majority of the Board concludes
as a result that it is essential to defer such filing, initial effectiveness or continued use at such time, the Company may, upon giving
prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such Registration
Statement for the shortest period of time determined in good faith by the Company to be necessary for such purpose. In the event the Company
exercises its rights under this Section 3.4.2, the Holders agree to suspend, immediately upon their receipt of the notice
referred to above, their use of the Prospectus relating to any Registration in connection with any sale or offer to sell Registrable Securities
until such Holder receives written notice from the Company that such sales or offers of Registrable Securities may be resumed, and in
each case maintain the confidentiality of such notice and its contents.

 

3.4.3 Subject
to Section 3.4.4, (a) during the period starting with the date sixty (60) days prior to the Company’s good faith
estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of, a Company-initiated
Registration and provided that the Company continues to actively employ, in good faith, all reasonable efforts to maintain the effectiveness
of the applicable Shelf Registration Statement, or (b) if, pursuant to Section 2.1.4, Holders have requested
an Underwritten Shelf Takedown and the Company and Holders are unable to obtain the commitment of underwriters to firmly underwrite such
offering, the Company may, upon giving prompt written notice of such action to the Holders, delay any other registered offering pursuant
to Section 2.1.4 or 2.4.

 

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3.4.4 The
right to delay or suspend any filing, initial effectiveness or continued use of a Registration Statement pursuant to Section 3.4.2
or a registered offering pursuant to Section 3.4.3 shall be exercised by the Company, in the aggregate, on not more than two
occasions or for more than ninety (90) consecutive calendar days or more than one hundred and fifty (150) total calendar days in each
case, during any twelve (12)-month period.

 

3.4.5 Notwithstanding
anything to the contrary set forth herein, the Company shall not provide any Holder with any material, nonpublic information regarding
the Company other than to the extent that providing notice to such Holder hereunder constitutes material, nonpublic information regarding
the Company.

 

3.5 Reporting Obligations.
As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company under the Exchange
Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required
to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act and to promptly furnish the
Holders with true and complete copies of all such filings; provided that any documents publicly filed or furnished with the Commission
pursuant to the Electronic Data Gathering, Analysis and Retrieval System shall be deemed to have been furnished or delivered to the Holders
pursuant to this Section 3.5. The Company further covenants that it shall take such further action as any Holder may reasonably
request, all to the extent required from time to time to enable such Holder to sell shares of Common Stock held by such Holder without
registration under the Securities Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act
(or any successor rule then in effect). Upon the request of any Holder, the Company shall deliver to such Holder a written certification
of a duly authorized officer as to whether it has complied with such requirements.

 

ARTICLE
IV

 

INDEMNIFICATION
AND CONTRIBUTION

 

4.1 Indemnification.

 

4.1.1 The
Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers, directors and agents
and each person or entity who controls such Holder (within the meaning of the Securities Act), against all losses, claims, damages, liabilities
and out-of-pocket expenses (including, without limitation, reasonable outside attorneys’ fees) resulting from any untrue or alleged
untrue statement of material fact contained in or incorporated by reference in any Registration Statement, Prospectus or preliminary Prospectus
or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated therein or
necessary to make the statements therein not misleading, except insofar as the same are caused by or contained in any information or affidavit
so furnished in writing to the Company by such Holder expressly for use therein. The Company shall indemnify the Underwriters, their officers
and directors and each person or entity who controls such Underwriters (within the meaning of the Securities Act) to the same extent as
provided in the foregoing with respect to the indemnification of the Holder.

 

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4.1.2 In
connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish (or
cause to be furnished) to the Company in writing such information and affidavits as the Company reasonably requests for use in connection
with any such Registration Statement or Prospectus (the “Holder Information”)
and, to the extent permitted by law, shall indemnify the Company, its directors, officers and agents and each person or entity who controls
the Company (within the meaning of the Securities Act) against all losses, claims, damages, liabilities and out-of-pocket expenses (including,
without limitation, reasonable outside attorneys’ fees) resulting from any untrue or alleged untrue statement of material fact contained
or incorporated by reference in any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement
thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein
not misleading, but only to the extent that such untrue statement is contained in (or not contained in, in the case of an omission) any
information or affidavit so furnished in writing by or on behalf of such Holder expressly for use therein; provided, however,
that the obligation to indemnify shall be several, not joint and several, among such Holders of Registrable Securities, and the liability
of each such Holder of Registrable Securities shall be in proportion to and limited to the net proceeds received by such Holder from the
sale of Registrable Securities pursuant to such Registration Statement. The Holders of Registrable Securities shall indemnify the Underwriters,
their officers, directors and each person or entity who controls such Underwriters (within the meaning of the Securities Act) to the same
extent as provided in the foregoing with respect to indemnification of the Company.

 

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

 

4.1.4 The
indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on
behalf of the indemnified party or any officer, director or controlling person or entity of such indemnified party and shall survive the
transfer of securities. The Company and each Holder of Registrable Securities participating in an offering also agrees to make such provisions
as are reasonably requested by any indemnified party for contribution to such party in the event the Company’s or such Holder’s
indemnification is unavailable for any reason.

 

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4.1.5 If
the indemnification provided under Section 4.1 from the indemnifying party is unavailable or insufficient to hold harmless
an indemnified party in respect of any losses, claims, damages, liabilities and out-of-pocket 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 out-of-pocket 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. The relative fault of the
indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action in question, including
any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, was made by (or not
made by, in the case of an omission), or relates to information supplied by (or not supplied by in the case of an omission), such indemnifying
party or indemnified party, and the indemnifying party’s and indemnified party’s relative intent, knowledge, access to information
and opportunity to correct or prevent such action; provided, however, that the liability of any Holder under this Section 4.1.5
shall be limited to the amount of the net proceeds received by such Holder in such offering giving rise to such liability. 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 Sections 4.1.1, 4.1.2 and 4.1.3 above, any legal or other fees, charges or out-of-pocket
expenses reasonably incurred by such party in connection with any investigation or proceeding. The parties hereto agree that it would
not be just and equitable if contribution pursuant to this Section 4.1.5 were determined by pro rata allocation or by any
other method of allocation, which does not take account of the equitable considerations referred to in this Section 4.1.5.
No person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled
to contribution pursuant to this Section 4.1.5 from any person or entity who was not guilty of such fraudulent misrepresentation.

 

ARTICLE
V

 

MISCELLANEOUS

 

5.1 Notices. Any notice
or communication under this Agreement must be in writing and given by (i) deposit in the United States mail, addressed to the party to
be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person or by courier service
providing evidence of delivery, or (iii) transmission by hand delivery, electronic mail or facsimile. Each notice or communication that
is mailed, delivered, or transmitted in the manner described above shall be deemed sufficiently given, served, sent, and received, in
the case of mailed notices, on the third business day following the date on which it is mailed and, in the case of notices delivered
by courier service, hand delivery, electronic mail or facsimile, at such time as it is delivered to the addressee (with the delivery
receipt or the affidavit of messenger) or at such time as delivery is refused by the addressee upon presentation. Any notice or communication
under this Agreement must be addressed, if to the Company, to: Near Intelligence, Inc.], 100W Walnut St, STE A-4, Pasadena, California
91124, Attn: Anil Mathews, E-mail: anil@near.com , and, if to any Holder, at such Holder’s address, electronic mail address or
facsimile number as set forth in the Company’s books and records. Any party may change its address for notice at any time and from
time to time by written notice to the other parties hereto, and such change of address shall become effective thirty (30) days after
delivery of such notice as provided in this Section 5.1.

 

5.2 Assignment; No Third
Party Beneficiaries.

 

5.2.1 This
Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole or
in part.

 

5.2.2 Subject
to Section 5.2.4 and Section 5.2.5, this Agreement and the rights, duties and obligations of a Holder hereunder may be assigned
in whole or in part to such Holder’s Permitted Transferees; provided, that, with respect to the Near Holders and the Sponsor
Holders, the rights hereunder that are personal to such Holders may not be assigned or delegated in whole or in part, except that (x) each
of the Near Holders shall be permitted to transfer its rights hereunder as the Near Holders to one or more affiliates or any direct or
indirect partners, members or equity holders of such Near Holder (it being understood that no such transfer shall reduce any rights of
such Near Holder or such transferees) and (y) each of the Sponsor Holders shall be permitted to transfer its rights hereunder as
the Sponsor Holders to one or more affiliates or any direct or indirect partners, members or equity holders of such Sponsor Holder (it
being understood that no such transfer shall reduce any rights of the Sponsor or such transferees).

 

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5.2.3 This
Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors and
the permitted assigns of the Holders, which shall include Permitted Transferees.

 

5.2.4 This
Agreement shall not confer any rights or benefits on any persons or entities that are not parties hereto, other than as expressly set
forth in this Agreement and Section 5.2.

 

5.2.5 No
assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate the Company
unless and until the Company shall have received (i) written notice of such assignment as provided in Section 5.1 hereof
and (ii) the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms and provisions
of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement). Any transfer or assignment made
other than as provided in this Section 5.2 shall be null and void.

 

5.3 Counterparts.
This Agreement may be executed in multiple counterparts (including facsimile or PDF counterparts), each of which shall be deemed an original,
and all of which together shall constitute the same instrument, but only one of which need be produced.

 

5.4 Governing Law; Venue.
NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY AGREE THAT (1) THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF NEW YORK AND (2) THE VENUE FOR ANY ACTION TAKEN WITH
RESPECT TO THIS AGREEMENT SHALL BE ANY STATE OR FEDERAL COURT IN NEW YORK COUNTY IN THE STATE OF NEW YORK.

 

EACH PARTY HERETO ACKNOWLEDGES
AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND, THEREFORE,
EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT SUCH PARTY
MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH OR RELATING TO
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

 

5.5 TRIAL BY JURY.
EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED
AND DIFFICULT ISSUES, AND, THEREFORE, EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER
OR IN CONNECTION WITH OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

 

5.6 Amendments and Modifications.
Upon the written consent of (a) the Company and (b) the Holders of a majority of the total Registrable Securities, compliance with
any of the provisions, covenants and conditions set forth in this Agreement may be waived, or any of such provisions, covenants or conditions
may be amended or modified; provided, however, that notwithstanding the foregoing, any amendment hereto or waiver hereof
shall also require the written consent of a majority-in-interest of the Sponsor Holders so long as the Sponsor Holders and their affiliates
hold, in the aggregate, at least twenty-five percent (25%) of the outstanding shares of Common Stock of the Company held by such Sponsor
Holders as of the date hereof; provided, further, that notwithstanding the foregoing, any amendment hereto or waiver hereof
shall also require the written consent of each Near Holder so long as such Near Holder and its affiliates hold, in the aggregate, at
least five percent (5%) of the outstanding shares of Common Stock of the Company; and provided, further, that any amendment
hereto or waiver hereof that adversely affects one Holder, solely in its capacity as a holder of the shares of capital stock of the Company,
in a manner that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected.
No course of dealing between any Holder or the Company and any other party hereto or any failure or delay on the part of a Holder or
the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights or remedies of any Holder
or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party shall operate as a waiver or
preclude the exercise of any other rights or remedies hereunder or thereunder by such party.

 

    18

     

    

 

5.7 Other Registration
Rights. Other than (i) the investor who has registration rights pursuant to the Common Stock Subscription Agreement, (ii) the stockholders
who may have registration rights with respect to their Investor Shares pursuant to their respective Subscription Agreements, and (iii)
as provided in the Warrant Agreement, dated as of January 6, 2021, between the Company and Continental Stock Transfer & Trust Company,
the Company represents and warrants that no person or entity, other than a Holder of Registrable Securities, has any right to require
the Company to register any securities of the Company for sale or to include such securities of the Company in any Registration Statement
filed by the Company for the sale of securities for its own account or for the account of any other person or entity. The Company hereby
agrees and covenants that it will not grant rights to register any Common Stock (or securities convertible into or exchangeable for Common
Stock) pursuant to the Securities Act that are more favorable, pari passu or senior to those granted to the Holders hereunder (such rights
“Competing Registration Rights”) without the
prior written consent of a majority-in-interest of the Sponsor Holders, and (b) the Near Holders and its affiliates hold, in the aggregate,
at least five percent (5%) of the outstanding shares of Common Stock of the Company, the Company hereby agrees and covenants that it
will not grant Competing Registration Rights without the prior written consent of such Near Holders. Further, the Company represents
and warrants that this Agreement supersedes any other registration rights agreement or agreement with similar terms and conditions and
in the event of a conflict between any such agreement or agreements and this Agreement, the terms of this Agreement shall prevail.

 

5.8 Term. This Agreement
shall terminate on the earlier of (a) the tenth anniversary of the date of this Agreement or (b) with respect to any Holder, on the date
that such Holder no longer holds any Registrable Securities. The provisions of Section 3.5 and Article IV shall
survive any termination.

 

5.9 Holder Information.
Each Holder agrees, if requested in writing, to represent to the Company the total number of Registrable Securities held by such Holder
in order for the Company to make determinations hereunder.

 

5.10 Joinder. Each
person or entity who becomes a Holder pursuant to Section 5.2 hereof must execute a joinder to this Agreement in the form
of Exhibit A attached hereto (a “Joinder”).

 

5.11 Severability.
It is the desire and intent of the parties that the provisions of this Agreement be enforced to the fullest extent permissible under
the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular provision of
this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, prohibited or unenforceable for any reason, such
provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting
the validity or enforceability of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.
Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable in
such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement
or affecting the validity or enforceability of such provision in any other jurisdiction.

 

5.12 Entire Agreement;
Restatement. This Agreement constitutes the full and entire agreement and understanding between the parties with respect to the subject
matter hereof and supersedes all prior agreements and understandings relating to such subject matter. Upon the Closing, the Original
RRA shall no longer be of any force or effect.

 

[SIGNATURE PAGES FOLLOW]

 

    19

     

    

 

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

 

	 	COMPANY:
	 	 
	 	Near Intelligence, Inc.
	 	 	 
	 	By:	 
	 	 	Name: 	 
	 	 	Title:	 

 

[Signature Page to Amended and Restated Registration
Rights Agreement]

 

     

     

    

 

	 	HOLDERS:
	 	 
	 	KludeIn Prime LLC,
	 	a Delaware limited liability company
	 	 
	 	By:	 
	 	 	Name: 	 
	 	 	Title:	 
	 	 
	 	 	 
	 	 	Mark W. Bailey
	 	 
	 	 	 
	 	 	Krishnan Rajagopalan
	 	 
	 	 	 
	 	 	Madhavan Rangaswami
	 	 
	 	[Entity Near Holders]1
	 	a [●]
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	 
	 	[Individual Near Holders]2

 

 

		1	To be updated to include all Near Holders that are entities.

 

		2	To be updated with names of each individual Near Holder.

 

[Signature Page to Amended and Restated Registration
Rights Agreement]

 

     

     

    

 

Schedule 1

 

Initial Holders

 

Mark W. Bailey

Krishnan Rajagopalan

Madhavan Rangaswami

 

     

     

    

 

Schedule 2

 

Near Holders

 

 

 

 

 

 

     

     

    

 

Exhibit A

 

REGISTRATION RIGHTS AGREEMENT JOINDER

 

The undersigned is
executing and delivering this joinder (this “Joinder”)
pursuant to the Amended and Restated Registration Rights Agreement, dated as of [●], 2022 (as the same may hereafter be
amended, the “Registration Rights
Agreement”), among [    ], a [    ] (the “Company”),
and the other persons or entities named as parties therein. Capitalized terms used but not otherwise defined herein shall have the
meanings provided in the Registration Rights Agreement.

 

By executing and delivering
this Joinder to the Company, and upon acceptance hereof by the Company upon the execution of a counterpart hereof, the undersigned hereby
agrees to become a party to, to be bound by, and to comply with the Registration Rights Agreement as a Holder of Registrable Securities
in the same manner as if the undersigned were an original signatory to the Registration Rights Agreement, and the undersigned’s
shares of Common Stock shall be included as Registrable Securities under the Registration Rights Agreement to the extent provided therein.

 

Accordingly, the undersigned
has executed and delivered this Joinder as of the __________ day of __________, 20__.

 

	 	 
	 	Signature of Stockholder
	 	 
	 	 
	 	Print Name of Stockholder
	 	Its:
	 	 
	 	Address: 	 
	 	 
	 	 

 

Agreed and Accepted as of

____________, 20__

 

[      ]

 

	By:	 	 
	Name:  	 	 
	Its:Exhibit 10.6

 

COMMON STOCK PURCHASE AGREEMENT 

 

This COMMON STOCK PURCHASE AGREEMENT is made and entered into
as of May 18, 2022 (this “Agreement”), by and between CF Principal Investments LLC, a Delaware limited liability
company (the “Investor”), and KludeIn I Acquisition Corp., a Delaware corporation (the “Company”).
For purposes of this Agreement, references to the “Company” shall also include any successor entity to the Company by any
Fundamental Transaction (as defined below), but only from and after the closing of such Fundamental Transaction, including but not limited
to, the resulting publicly listed company pursuant to the transactions contemplated by the Plan of Merger Agreement, dated May 18, 2022
(as the same may be amended from time to time, the “Merger Agreement”), by and between the Company, Near Intelligence
Holdings Inc., a Delaware corporation (the “Target”), PaaS Merger Sub 1 Inc., a Delaware corporation (“Merger
Sub 1”), PaaS Merger Sub 2 LLC, a Delaware limited liability company (“Merger Sub 2”), pursuant
to which, upon the terms and subject to the conditions contained therein, (a) Merger Sub 1 will merge with and into the Target (the “First
Merger”), with the Target continuing as the surviving entity and a wholly owned subsidiary of the Company, and (b) immediately
following the First Merger, Target, as the surviving entity of the First Merger, will merge with and into Merger Sub 2, with Merger Sub
2 continuing as the surviving entity (the “Second Merger” and, together with the First Merger, the “Mergers”).

 

RECITALS 

 

WHEREAS, the parties desire that, upon the terms and subject
to the conditions and limitations set forth herein, that the Company may issue and sell to the Investor, from time to time as provided
herein, and the Investor shall purchase from the Company, up to the lesser of (i) the Exchange Cap (to the extent applicable under Section
3.3) and (ii) $100,000,000 in aggregate gross purchase price of newly issued shares of the Company’s common stock, par value $0.001
per share (the “Common Stock”);

 

WHEREAS, such sales of Common Stock by the Company to the Investor
will be made in reliance upon the provisions of Section 4(a)(2) of the Securities Act (“Section 4(a)(2)”), and
upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the
issuances and sales of Common Stock by the Company to the Investor to be made hereunder;

 

WHEREAS, the parties hereto are concurrently entering into a
Registration Rights Agreement in the form attached as Exhibit A hereto (the “Registration Rights Agreement”),
pursuant to which the Company shall register the resale of the Registrable Securities (as defined in the Registration Rights Agreement),
upon the terms and subject to the conditions set forth therein;

 

WHEREAS, in consideration for the Investor’s execution
and delivery of this Agreement, the Company shall issue to the Investor the Commitment Shares, on or prior to the Commencement Date, pursuant
to and in accordance with Section 10.1(ii); and

 

WHEREAS, the Company acknowledges that the Investor is an Affiliate
of the Cantor Fitzgerald group of entities, and its Affiliate, Cantor Fitzgerald & Co. (“CF&CO”), is
acting as Investor’s representative in connection with the transactions contemplated hereby.

 

NOW, THEREFORE, the parties hereto, intending to be legally
bound, hereby agree as follows:

 

     

     

    

 

ARTICLE I

DEFINITIONS

 

Capitalized terms used in this Agreement shall have the meanings ascribed
to such terms in Annex I hereto, and hereby made a part hereof, or as otherwise set forth in this Agreement.

 

ARTICLE II

PURCHASE AND SALE OF COMMON STOCK

 

Section
2.1. Purchase and Sale of Stock. Upon the terms and subject to the conditions of this Agreement, during the Investment
Period, the Company, in its sole discretion, shall have the right, but not the obligation, to issue and sell to the Investor, and the
Investor shall purchase from the Company, up to the lesser of (i) the Exchange Cap, to the extent applicable under Section 3.3 and (ii)
$100,000,000 (the “Total Commitment”) in aggregate gross purchase price of duly authorized, validly issued,
fully paid and non-assessable shares of Common Stock (such lesser amount of shares of Common Stock, the “Aggregate Limit”),
by the delivery to the Investor of VWAP Purchase Notices as provided in Article III.

 

Section
2.2. Settlement Dates. This Agreement shall become effective and binding upon the delivery of counterpart signature
pages of this Agreement and the Registration Rights Agreement executed by each of the parties hereto. In consideration of and in express
reliance upon the representations, warranties and covenants contained in, and upon the terms and subject to the conditions of, this Agreement,
during the Investment Period, the Company, at its sole option and discretion, may issue and sell to the Investor, and, if the Company
elects to so issue and sell, the Investor shall purchase from the Company, the Shares in respect of each VWAP Purchase (as defined below).
The delivery of Shares in respect of each VWAP Purchase, and the payment for such Shares, shall occur in accordance with Section 3.2,
provided that all of the conditions precedent in Article VII shall have been fulfilled at the applicable times set forth in Article
VII.

 

Section
2.3. Initial Public Announcements and Required Filings. The Company shall, within the time period required
by the Exchange Act, file with the Commission a Current Report on Form 8-K disclosing the execution of this Agreement and the
Registration Rights Agreement by the Company and the Investor and describing the material terms thereof, including, without
limitation, terms and conditions for delivery of the Commitment Shares deliverable by the Company to the Investor in accordance with
Section 10.1(ii), and attaching as exhibits thereto copies of each of this Agreement and the Registration Rights Agreement
(including all exhibits thereto, the “Current Report”). The Company shall use its commercially reasonable
efforts to provide the Investor and its legal counsel with an opportunity to comment on a draft of the Current Report prior to
filing the Current Report with the Commission and shall give due consideration to all such comments. From and after the filing of
the Current Report with the Commission, the Company shall have publicly disclosed all material, nonpublic information delivered to
the Investor (or the Investor’s representatives or agents) by the Company or any of its Subsidiaries, or any of their
respective officers, directors, employees, agents or representatives (if any) in connection with the transactions contemplated by
the Transaction Documents.

 

    2

     

    

 

ARTICLE III

PURCHASE TERMS

 

Subject to the satisfaction of the conditions set forth in Article
VII, the parties agree as follows:

 

Section
3.1. VWAP Purchases. Upon the initial satisfaction of all of the conditions set forth in Section 7.2 (the
“Commencement” and the date of initial satisfaction of all of such conditions, the
“Commencement Date”) and from time to time thereafter, subject to the satisfaction of all of the
conditions set forth in Section 7.3, the Company shall have the right, but not the obligation, to direct the Investor, by its timely
delivery to the Investor of a VWAP Purchase Notice, in substantially the form attached hereto as Exhibit D, after 6:00 a.m.,
New York City time, but prior to 9:00 a.m., New York City time, on a VWAP Purchase Date, to purchase a number of Shares equal to the
applicable VWAP Purchase Share Amount, not to exceed the applicable VWAP Purchase Maximum Amount, at the applicable VWAP Purchase
Price therefor on such VWAP Purchase Date in accordance with this Agreement (each such purchase, a “VWAP
Purchase”). In addition, the Investor may, in its sole discretion, accept a VWAP Purchase Notice after 9:00 a.m., New
York City time, on a VWAP Purchase Date, provided that such acceptance, once provided, shall be irrevocable and binding and the
Company’s obligation to deliver the Shares that are the subject of such VWAP Purchase Notice shall be binding; provided that,
if the Investor does not accept a VWAP Purchase Notice that is delivered after 9:00 a.m., New York City time, such VWAP Purchase
Notice shall be deemed to be null and void. The Investor may also, in its sole discretion, accept additional VWAP Purchase Notices
within a Trading Day, in which case any prior VWAP Purchase Notice accepted by the Investor in such Trading Day shall be null, void,
superseded and replaced in its entirety by such subsequent VWAP Purchase Notice. The Company may timely deliver a VWAP Purchase
Notice to the Investor as often as every Trading Day (and may deliver multiple VWAP Purchase Notices in any given day, it being
understood that a subsequent VWAP Purchase Notice will supersede and replace all earlier VWAP Purchase Notices delivered within the
same Trading Day in their entirety), so long asall Shares subject to all prior VWAP Purchases theretofore required to have been
received by the Investor as DWAC Shares under this Agreement have been delivered to the Investor as DWAC Shares in accordance with
this Agreement. The Investor is obligated to accept each VWAP Purchase Notice prepared and delivered by the Company in accordance
with the terms of and subject to the satisfaction of the conditions contained in this Agreement. If the Company delivers any VWAP
Purchase Notice directing the Investor to purchase a number of Shares that is in excess of the applicable VWAP Purchase Maximum
Amount, such VWAP Purchase Notice shall be void ab initio to the extent of the amount by which the VWAP Purchase Share Amount
set forth in such VWAP Purchase Notice exceeds such applicable VWAP Purchase Maximum Amount, and the Investor shall have no
obligation to purchase such Excess Shares in respect of such VWAP Purchase Notice; provided, however, that the
Investor shall remain obligated to purchase the applicable VWAP Purchase Maximum Amount in such VWAP Purchase. Each VWAP Purchase
Notice must include a VWAP Purchase Share Estimate. Notwithstanding anything in this paragraph to the contrary, in the case where
the Sale Price falls below the Threshold Price during a Trading Day, the VWAP Purchase Amount shall be calculated using (i) the VWAP
Purchase Share Percentage of the aggregate shares traded on the Principal Market for such portion of the VWAP Purchase Date the Sale
Price is not below the Threshold Price and (ii) a VWAP Purchase Price calculated using the volume weighted average price of Common
Stock sold during such portion of the VWAP Purchase Date the Sale Price is not below the Threshold Price. Each VWAP Purchase Notice
must be accompanied by irrevocable instructions to the Company’s Transfer Agent to immediately issue and deliver to the
Investor an amount of Common Stock equal to the VWAP Purchase Share Estimate. In no event shall the Investor purchase (or be deemed
to have purchased), pursuant to any VWAP Purchase, a number of Shares constituting the applicable VWAP Purchase Share Amount that
exceeds the VWAP Purchase Share Estimate issued on the VWAP Purchase Date in connection with such VWAP Purchase Notice; however, the
Investor will promptly instruct the Transfer Agent to return to the Company any Shares issued pursuant to the VWAP Purchase Share
Estimate that exceeds the number of Shares constituting the applicable VWAP Purchase Share Amount the Investor actually purchases in
connection with such VWAP Purchase (such amount, the “Excess Shares”). Alternatively, if the Transfer
Agent does not return the Excess Shares to the Company on the VWAP Purchase Date in accordance with the Investor’s
instructions, or if otherwise instructed in writing by the Company, Investor may retain such Excess Shares (provided Investor will
not be deemed to have purchased such Excess Shares), and such Excess Shares will be deemed pre-delivered Shares that will reduce the
number of Shares required to be delivered by the Company in accordance with this section on the next VWAP Purchase Date in
connection with the next VWAP Purchase Notice; provided, however, that the Company shall have the right, upon delivery of
written notice to the Investor at any time, to request that the Investor return all or a portion of such Excess Shares to the
Company, and the Investor shall oblige such request. At or prior to 5:30 p.m., New York City time, on the VWAP Purchase Date for
each VWAP Purchase, the Investor shall provide to the Company a written confirmation for such VWAP Purchase setting forth the
applicable VWAP Purchase Price per Share to be paid by the Investor in such VWAP Purchase, and the total aggregate VWAP Purchase
Price to be paid by the Investor for the total VWAP Purchase Share Amount purchased by the Investor in such VWAP Purchase.
Notwithstanding the foregoing, the Company shall not deliver any VWAP Purchase Notices to the Investor during the Post-Effective
Amendment Period.

 

    3

     

    

 

Section
3.2. Settlement. For each VWAP Purchase, the Investor shall pay to the Company an amount in cash equal to
the product of (i) the total number of Shares purchased by the Investor in such VWAP Purchase and (ii) the applicable VWAP Purchase
Price for such Shares (the “VWAP Purchase Amount”), as full payment for such Shares purchased by the
Investor in such VWAP Purchase, via wire transfer of immediately available funds, not later than 5:00 p.m., New York City time, on
the second (2nd) Trading Day following the applicable VWAP Purchase Share Delivery Date for such VWAP Purchase, provided the
Investor shall have timely received, as DWAC Shares, all of such Shares purchased by the Investor in such VWAP Purchase on such VWAP
Purchase Share Delivery Date in accordance with the first sentence of this Section 3.2,. If the Investor fails to pay the VWAP
Purchase Amount when due, the Investor will return the DWAC Shares to the Company. If the Company or the Transfer Agent shall fail
for any reason, other than a failure of the Investor to set up a DWAC and required instructions, to deliver to the Investor, as DWAC
Shares, any Shares purchased by the Investor in a VWAP Purchase prior to 10:30 a.m., New York City time, on the Trading Day
immediately following the date of the applicable VWAP Purchase Notice (the “Share Delivery Deadline”) for
such VWAP Purchase, and if on or after such Trading Day the Investor purchases (in an open market transaction or otherwise) shares
of Common Stock to deliver in satisfaction of a sale by the Investor of such Shares that the Investor anticipated receiving from the
Company on such VWAP Purchase Share Delivery Date in respect of such VWAP Purchase, then the Company shall, within one (1) Trading
Day after the Investor’s request, either (i) pay cash to the Investor in an amount equal to the Investor’s total
purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the “Cover
Price”), at which point the Company’s obligation to deliver such Shares as DWAC Shares shall terminate, or (ii)
promptly honor its obligation to deliver to the Investor such Shares as DWAC Shares and pay cash to the Investor in an amount equal
to the excess (if any) of the Cover Price over the total purchase price paid by the Investor pursuant to this Agreement for all of
the Shares purchased by the Investor in such VWAP Purchase; provided, however, that the Investor agrees to use its
commercially reasonable efforts to purchase shares of Common Stock in respect of the Cover Price only in normal brokerage
transactions at the prevailing price per share of Common Stock then available. The Company shall not issue any fraction of a share
of Common Stock to the Investor in connection with any VWAP Purchase effected pursuant to this Agreement. If the issuance would
result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up
or down to the nearest whole share. All payments to be made by the Investor pursuant to this Agreement shall be made by wire
transfer of immediately available funds to such account as the Company may from time to time designate by written notice to the
Investor in accordance with the provisions of this Agreement.

 

Section
3.3. Compliance with Rules of Principal Market.

 

(i) Exchange
Cap. The Company shall not issue or sell any shares of Common Stock pursuant to this Agreement, and the Investor shall not
purchase or acquire any shares of Common Stock pursuant to this Agreement, to the extent that after giving effect thereto, the
aggregate number of shares of Common Stock that would be issued pursuant to this Agreement and the transactions contemplated hereby
would exceed 4,290,937 shares of Common Stock (representing 19.99% of the voting power or number of shares of Common Stock, issued
and outstanding immediately prior to the execution of this Agreement), calculated in accordance with the applicable rules of the
Principal Market, which number of shares shall be reduced, on a share-for-share basis, by the number of shares of Common Stock
issued or issuable pursuant to any transaction or series of transactions that may be aggregated with the transactions contemplated
by this Agreement under applicable rules of the Principal Market (such maximum number of shares, the “Exchange
Cap”), unless the Company’s stockholders have approved the issuance of Common Stock pursuant to this Agreement
in excess of the Exchange Cap in accordance with the applicable rules of the Principal Market. For the avoidance of doubt, the
Company may, but shall be under no obligation to, request its stockholders to approve the issuance of Common Stock pursuant to this
Agreement; provided, that if such stockholder approval is not obtained, the Exchange Cap shall be applicable for all purposes
of this Agreement and the transactions contemplated hereby at all times during the term of this Agreement (except as set forth in
Section 3.3(ii)).

 

    4

     

    

 

(ii) At-Market Transaction.
Notwithstanding Section 3.3(i) above, the Exchange Cap shall not be applicable for any purposes of this Agreement and the
transactions contemplated hereby, solely to the extent that (and only for so long as) the Average Price shall equal or exceed the
Base Price (it being hereby acknowledged and agreed that the Exchange Cap shall be applicable for all purposes of this Agreement and
the transactions contemplated hereby at all other times during the term of this Agreement, unless the stockholder approval referred
to in Section 3.4(i) is obtained). The parties acknowledge and agree that the Minimum Price used to determine the Base Price
hereunder represents the lower of (i) the official closing price of the Company’s Common Stock on the Principal Market (as
reflected on Nasdaq.com) on the date of this Agreement and (ii) the average official closing price of the Company’s Common
Stock on the Principal Market (as reflected on Nasdaq.com) for the five (5) consecutive Trading Days ending on the date of this
Agreement.

 

(iii) General. The Company shall not
issue or sell any shares of Common Stock pursuant to this Agreement if such issuance or sale would reasonably be expected to result in
(a) a violation of the Securities Act or (b) a breach of the rules of the Principal Market. The provisions of this Section 3.3 shall not
be implemented in a manner otherwise than in strict conformity with the terms of this Section 3.3 unless necessary to ensure compliance
with the Securities Act and the applicable rules of the Principal Market.

 

Section
3.4. Beneficial Ownership Limitation. Notwithstanding anything to the contrary contained in this Agreement, the
Company shall not issue or sell, and the Investor shall not purchase or acquire, any shares of Common Stock under this Agreement which,
when aggregated with all other shares of Common Stock then beneficially owned by the Investor and its Affiliates (as calculated pursuant
to Section 13(d) of the Exchange Act and Rule 13d-3 promulgated thereunder), would result in the beneficial ownership by the Investor
and its Affiliates (on an aggregated basis) of more than 4.99% of the outstanding voting power or shares of Common Stock (the “Beneficial
Ownership Limitation”). Upon the written or oral request of the Investor, the Company shall promptly (but not later than
the next business day on which the Transfer Agent is open for business) confirm orally or in writing to the Investor the number of shares
of Common Stock then outstanding. The Investor and the Company shall each cooperate in good faith in the determinations required under
this Section 3.4 and the application of this Section 3.4. The Investor’s written certification to the Company of the applicability
of the Beneficial Ownership Limitation, and the resulting effect thereof hereunder at any time, shall be conclusive with respect to the
applicability thereof and such result absent manifest error. The provisions of this Section 3.4 shall not be construed and implemented
in a manner otherwise than in strict conformity with the terms of this Section 3.4 unless necessary to properly give effect to the limitations
contained in this Section 3.4.

 

Section
3.5. Suspension of Purchase Obligations. The Investor’s obligations under this Agreement shall be suspended
immediately if, on the Commencement Date, the aggregate market value of the outstanding voting and non-voting common equity (as defined
in Securities Act Rule 405) of the Company, is less than $100 million (calculated by multiplying (x) the price at which the common equity
of the Company closes on the Principal Market on such date by (y) the number of outstanding shares as of such date) as of that date, until
such time as the aggregate market value of the aggregate market value of the outstanding voting and non-voting common equity (as defined
in Securities Act Rule 405) of the Company equals or exceeds $100 million (calculated by multiplying (x) the price at which the common
equity of the Company closes on the Principal Market on a particular date by (y) the number of outstanding shares as of such date).

 

    5

     

    

 

ARTICLE IV

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE INVESTOR

 

The Investor hereby makes the following representations, warranties
and covenants to the Company:

 

Section
4.1. Organization and Standing of the Investor. The Investor is a limited liability company duly formed, validly
existing and in good standing under the laws of the State of Delaware.

 

Section
4.2. Authorization and Power. The Investor has the requisite corporate power and authority to enter into and
perform its obligations under this Agreement and the Registration Rights Agreement and to purchase or acquire the Shares in accordance
with the terms hereof. The execution, delivery and performance by the Investor of this Agreement and the Registration Rights Agreement
and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action, and
no further consent or authorization of the Investor or its sole member is required. Each of this Agreement and the Registration Rights
Agreement has been duly executed and delivered by the Investor and constitutes a valid and binding obligation of the Investor enforceable
against it in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, liquidation, conservatorship, receivership, or similar laws relating to, or affecting generally the enforcement of, creditor’s
rights and remedies or by other equitable principles of general application (including any limitation of equitable remedies).

 

Section
4.3. No Conflicts. The execution, delivery and performance by the Investor of this Agreement and the
Registration Rights Agreement and the consummation by the Investor of the transactions contemplated hereby and thereby do not and
shall not (i) result in a violation of such Investor’s applicable organizational instruments, (ii) conflict with, constitute a
default (or an event which, with notice or lapse of time or both, would become a default) under, or give rise to any rights of
termination, amendment, acceleration or cancellation of, any material agreement, mortgage, deed of trust, indenture, note, bond,
license, lease agreement, instrument or obligation to which the Investor is a party or is bound, or (iii) result in a violation of
any federal, state, local or foreign statute, rule, or regulation, or any order, judgment or decree of any court or governmental
agency applicable to the Investor or by which any of its properties or assets are bound or affected, except, in the case of clauses
(ii) and (iii), for such conflicts, defaults, terminations, amendments, acceleration, cancellations and violations as would not,
individually or in the aggregate, prohibit or otherwise interfere with, in any material respect, the ability of the Investor to
enter into and perform its obligations under this Agreement and the Registration Rights Agreement. The Investor is not required
under any applicable federal, state or local law, rule or regulation to obtain any consent, authorization or order of, or make any
filing or registration with, any court or governmental agency in order for it to execute, deliver or perform any of its obligations
under this Agreement and the Registration Rights Agreement or to purchase or acquire the Shares in accordance with the terms hereof,
other than as may be required by the Financial Industry Regulatory Authority Inc. (“FINRA”); provided, however,
that for purposes of the representation made in this sentence, the Investor is assuming and relying upon the accuracy of the
relevant representations and warranties and the compliance with the relevant covenants and agreements of the Company in the
Transaction Documents to which it is a party.

 

    6

     

    

 

Section
4.4. Investment Purpose. The Investor is acquiring the Shares for its own account, for investment purposes and
not with a view towards, or for resale in connection with, the public sale or distribution thereof, in violation of the Securities Act
or any applicable state securities laws; provided, however, that by making the representations herein, the Investor does
not agree, or make any representation or warranty, to hold any of the Shares for any minimum or other specific term and reserves the right
to dispose of the Shares at any time in accordance with, or pursuant to, a registration statement filed pursuant to the Registration Rights
Agreement or an applicable exemption under the Securities Act..

 

Section
4.5. Accredited Investor Status. The Investor is an “accredited investor” as that term is defined
in Rule 501(a) of Regulation D.

 

Section
4.6. Reliance on Exemptions. The Investor understands that the Shares are being offered and sold to it in reliance
on specific exemptions from the registration requirements of U.S. federal and state securities laws and that the Company is relying in
part upon the truth and accuracy of, and the Investor’s compliance with, the representations, warranties, agreements, acknowledgments
and understandings of the Investor set forth herein in order to determine the availability of such exemptions and the eligibility of the
Investor to acquire the Shares.

 

Section
4.7. Information. All materials relating to the business, financial condition, management and operations
of the Company and materials relating to the offer and sale of the Shares which have been requested by the Investor have been furnished
or otherwise made available to the Investor or its advisors, including, without limitation, the Commission Documents. The Investor understands
that its investment in the Shares involves a high degree of risk. The Investor is able to bear the economic risk of an investment in the
Shares, and has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks
of a proposed investment in the Shares. The Investor and its advisors have been afforded the opportunity to ask questions of and receive
answers from representatives of the Company concerning the financial condition and business of the Company and other matters relating
to an investment in the Shares. Neither such inquiries nor any other due diligence investigations conducted by the Investor or its advisors,
if any, or its representatives shall modify, amend or affect the Investor’s right to rely on the Company’s representations
and warranties contained in this Agreement or in any other Transaction Document to which the Company is a party or the Investor’s
right to rely on any other document or instrument executed and/or delivered in connection with this Agreement or the consummation of the
transaction contemplated hereby (including without limitation the opinions of the Company’s counsel delivered pursuant to this Agreement
and the Registration Rights Agreement). The Investor has sought such accounting, legal and tax advice as it has considered necessary to
make an informed investment decision with respect to its acquisition of the Shares. The Investor understands that it (and not the Company)
shall be responsible for its own tax liabilities that may arise as a result of this investment or the transactions contemplated by this
Agreement.

 

Section
4.8. No Governmental Review. The Investor understands that no United States federal or state agency or any
other government or governmental agency has passed on or made any recommendation or endorsement of the Shares or the fairness or
suitability of the investment in the Shares nor have such authorities passed upon or endorsed the merits of the offering of the
Shares.

 

    7

     

    

 

Section
4.9. No General Solicitation. The Investor is not purchasing or acquiring the Shares as a result of any form
of general solicitation or general advertising (within the meaning of Regulation D) in connection with the offer or sale of the Shares.

 

Section
4.10. Not an Affiliate. The Investor is not an officer, director or an Affiliate of the Company. During the Investment
Period, the Investor will not acquire for its own account any shares of Common Stock or securities exercisable for or convertible into
shares of Common Stock, other than pursuant to this Agreement; provided, however, that nothing in this Agreement shall prohibit
or be deemed to prohibit the Investor from purchasing, in an open market transaction or otherwise, shares of Common Stock necessary to
make delivery by the Investor in satisfaction of a sale by the Investor of Shares that the Investor anticipated receiving from the Company
in connection with the settlement of a VWAP Purchase if the Company or its Transfer Agent shall have failed for any reason (other than
a failure of Investor or its Broker-Dealer (as defined below) to set up a DWAC and required instructions) to electronically transfer all
of the Shares subject to such VWAP Purchase to the Investor prior to the applicable Share Delivery Deadline by crediting the Investor’s
or its designated Broker-Dealer’s account at DTC through its DWAC delivery system in compliance with Section 3.2 of this Agreement.
For the avoidance of doubt, the foregoing restriction does not apply to any Affiliate of the Investor, provided that any such purchases
do not cause the Investor to violate any applicable Exchange Act requirement, including Regulation M.

 

Section
4.11. No Prior Short Sales. At no time prior to the date of this Agreement has the Investor or any entity managed
or controlled by the Investor, engaged in or effected, in any manner whatsoever, directly or indirectly, for its own principal account,
any (i) “short sale” (as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of the Common Stock or (ii)
hedging transaction, which establishes a net short position with respect to the Common Stock that remains in effect as of the date of
this Agreement.

 

Section
4.12. Statutory Underwriter Status. The Investor acknowledges that it will be disclosed as an “underwriter”
and a “selling stockholder” in each Registration Statement and in any Prospectus contained therein to the extent required
by applicable law and to the extent the Prospectus is related to the resale of Registrable Securities.

 

Section
4.13. Resales of Shares. The Investor represents, warrants and covenants that it will resell such Shares only
pursuant to the Registration Statement in which the resale of such Shares is registered under the Securities Act, in a manner described
under the caption “Plan of Distribution” in such Registration Statement, and in a manner in compliance with all applicable
U.S. federal and state securities laws, rules and regulations.

 

Section
4.14. Residency. The Investor is a resident of the State of Delaware.

 

    8

     

    

 

ARTICLE V

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY

 

Except as set forth in the disclosure schedule delivered by the Company
to the Investor concurrently with the execution of this Agreement (which is hereby incorporated by reference in, and constitutes an integral
part of, this Agreement) (the “Disclosure Schedule”) or, where specifically set forth below with respect to
certain specified representations and warranties, the Commission Documents, the Company hereby makes the following representations, warranties
and covenants to the Investor:

 

Section
5.1. Organization, Good Standing and Power. The Company and each of its Subsidiaries are duly organized, validly
existing and in good standing under the laws of their respective jurisdictions of organization. The Company and each of its Subsidiaries
are duly licensed or qualified for transaction of business and in good standing under the laws of each other jurisdiction in which their
respective ownership or lease of property or the conduct of their respective businesses requires such license or qualification, and have
all entity power and authority necessary to own or hold their respective properties and to conduct their respective businesses as described
in the Commission Documents, except where the failure to be so qualified or in good standing or have such power or authority would not,
individually or in the aggregate, have a material adverse effect or would reasonably be expected to have a material adverse effect on
or affecting the (x) assets, business, liabilities, results of operations, or condition (financial or otherwise) of operations of the
Company and the Subsidiaries taken as a whole, or (y) the ability of the Company or any of its Subsidiaries on a timely basis to consummate
the transactions contemplated hereby (a “Material Adverse Effect”).

 

Section
5.2. Subsidiaries. The subsidiaries set forth on Schedule 1 hereof (collectively, the “Subsidiaries”),
are the Company’s only significant subsidiaries (as such term is defined in Rule 1-02 of Regulation S-X promulgated by the
Commission) as of the date hereof. Except as set forth in the Commission Documents, the Company owns, directly or indirectly, all of the
equity interests of the Subsidiaries free and clear of any lien, charge, security interest, encumbrance, right of first refusal or other
restriction (in each case, other than those, if any, imposed by such Subsidiary’s organizational documents), and all the equity
interests of the Subsidiaries are validly issued and are fully paid, non-assessable and free of preemptive and similar rights (in each
case, other than those, if any, imposed by such Subsidiary’s organizational documents). Except as required by applicable law, no
Subsidiary is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution
on such Subsidiary’s capital stock, from repaying to the Company any loans or advances to such Subsidiary from the Company or from
transferring any of such Subsidiary’s property or assets to the Company as of the date hereof.

 

Section
5.3. Authorization, Enforcement. The Company has the requisite corporate power and authority to enter into
and perform its obligations under each of the Transaction Documents to which it is a party and to issue the Shares in accordance
with the terms hereof and thereof, subject to obtaining the approvals as are required under the Merger Agreement. Except for
approvals of the Company’s Board of Directors or a committee thereof as may be required in connection with any issuance and
sale of Shares to the Investor hereunder (which approvals shall be obtained prior to the delivery of any VWAP Purchase Notice), the
execution, delivery and performance by the Company of each of the Transaction Documents to which it is a party and the consummation
by it of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action,
and, except for such approvals as are required under the Merger Agreement and otherwise set forth on Schedule 5.3 of the
Disclosure Schedule, no further consent or authorization of the Company, its Board of Directors or its stockholders is required.
Each of the Transaction Documents to which the Company is a party has been duly executed and delivered by the Company, assuming the
due authorization, execution and delivery of the Transaction Documents by the other parties hereto and thereto, and constitutes a
valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation, conservatorship,
receivership or similar laws relating to, or affecting generally the enforcement of, creditor’s rights and remedies or by
other equitable principles of general application (including any limitation of equitable remedies).

 

    9

     

    

 

Section
5.4. Capitalization. The authorized capital stock of the Company and the shares thereof issued and outstanding
were as set forth in the Commission Documents as of the dates reflected therein. All of the outstanding shares of Common Stock have been
duly authorized and validly issued and are fully paid and non-assessable. Except as set forth in the Commission Documents, this Agreement
and the Registration Rights Agreement, there are no agreements or arrangements under which the Company is obligated to register the sale
of any securities under the Securities Act. Except as set forth in the Commission Documents and Schedule 5.4 of the Disclosure
Schedule, no shares of Common Stock are entitled to preemptive rights and there are no outstanding debt securities and no contracts, commitments,
understandings, or arrangements by which the Company is or may become bound to issue additional shares of the capital stock of the Company
or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights
convertible into or exchangeable for, any shares of capital stock of the Company other than those issued or granted in the ordinary course
of business pursuant to the Company’s equity incentive and/or compensatory plans or arrangements. Except for customary transfer
restrictions contained in agreements entered into by the Company to sell restricted securities or as set forth in the Commission Documents,
the Company is not a party to, and it has no Knowledge of, any agreement restricting the voting or transfer of any shares of the capital
stock of the Company. Except as set forth in the Commission Documents, there are no securities or instruments containing anti-dilution
or similar provisions that will be triggered by this Agreement or any of the other Transaction Documents or the consummation of the transactions
described herein or therein. After the closing of the Mergers, the Company will have filed with the Commission true and correct copies
of the Company’s Amended and Restated Certificate of Incorporation as in effect on the Commencement Date (the “Charter”),
and the Company’s Amended and Restated Bylaws as in effect on the Commencement Date (the “Bylaws”).

 

Section
5.5. Issuance of Shares. The Commitment Shares and the Shares to be issued under this Agreement, will be,
prior to the delivery to the Investor hereunder in accordance with the terms of this Agreement or a relevant VWAP Purchase Notice,
duly and validly authorized by all necessary corporate action on the part of the Company. The Commitment Shares, when issued to the
Investor in accordance with this Agreement, and the Shares, if and when issued and sold against payment therefor in accordance with
this Agreement and/or a relevant VWAP Purchase Notice, shall be validly issued and outstanding, fully paid and non-assessable and
free from all liens, charges, taxes, security interests, encumbrances, rights of first refusal, preemptive or similar rights and
other encumbrances with respect to the issue thereof, and the Investor shall be entitled to all rights accorded to a holder of
Common Stock. At or prior to Commencement Date, the Company shall have duly authorized and reserved a number of shares of Common
Stock equal to the Exchange Cap for issuance and sale as Shares to the Investor pursuant to VWAP Purchases that may be effected by
the Company, in its sole discretion, from time to time from and after the Commencement Date, pursuant to this Agreement.

 

    10

     

    

 

Section
5.6. No Conflicts. Except as set forth in the Commission Documents and Schedule 5.6 of the Disclosure
Schedule, the execution, delivery and performance by the Company of each of the Transaction Documents to which it is a party and the consummation
by the Company of the transactions contemplated hereby and thereby do not and shall not (i) result in a violation of any provision of
the Company’s Charter or Bylaws, (ii) conflict with or constitute a material default (or an event which, with notice or lapse of
time or both, would become a material default) under, or give rise to any rights of termination, amendment, acceleration or cancellation
of, any Material Contract to which the Company or any of its Subsidiaries is a party or is bound, (iii) result in a violation of any federal,
state, local or foreign statute, rule, regulation, order, judgment or decree applicable to the Company or any of its Subsidiaries (including
federal and state securities laws and regulations and the rules and regulations of the Principal Market), except, in the case of clauses
(ii) and (iii), for such conflicts, defaults, terminations, amendments, acceleration, cancellations, liens, charges, encumbrances and
violations as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect or that have
been waived. Except as specifically contemplated by this Agreement or the Registration Rights Agreement and as required under the Securities
Act, any applicable state securities laws and applicable rules of the Principal Market, the Company is not required under any federal,
state or local rule or regulation to obtain any consent, authorization or order of, or make any filing or registration with, any court
or governmental agency in order for it to execute, deliver or perform any of its obligations under the Transaction Documents to which
it is a party, or to issue the Shares to the Investor in accordance with the terms hereof and thereof (other than such consents, authorizations,
orders, filings or registrations as have been obtained or made prior to the Commencement Date); except where the failure to obtain or
make such consents or to make such filings or notifications, would not, individually or in the aggregate, reasonably be expected to result
in a Material Adverse Effect or that have been waived provided, however, that, for purposes of the representation made in
this sentence, the Company is assuming and relying upon the accuracy of the representations and warranties of the Investor in this Agreement
and the compliance by it with its covenants and agreements contained in this Agreement and the Registration Rights Agreement.

 

Section
5.7. Commission Documents, Financial Statements; Disclosure Controls and Procedures; Internal Controls Over Financial
Reporting; Accountants.

 

(i) As of the date of this Agreement, no
Subsidiary of the Company is required to file or furnish any report, schedule, registration, form, statement, information or other
document with the Commission. As of its filing date (or, if amended or superseded by a filing prior to the Commencement Date, on the
date of such amended or superseded filing), each Commission Document filed with or furnished to the Commission prior to the
Commencement Date complied in all material respects with the requirements of the Securities Act or the Exchange Act, as applicable,
and other federal, state and local laws, rules and regulations applicable to it, and, as of its filing date. Each Registration
Statement, on the date it becomes effective and on each VWAP Purchase Date shall comply in all material respects with the
requirements of the Securities Act (including, without limitation, Rule 415 under the Securities Act) and shall not contain any
untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the
statements therein not misleading, except that this representation and warranty shall not apply to statements in or omissions from
such Registration Statement made in reliance upon and in conformity with information relating to the Investor furnished to the
Company in writing by or on behalf of the Investor expressly for use therein. The Prospectus and each Prospectus Supplement required
to be filed pursuant to this Agreement or the Registration Rights Agreement after the Commencement Date, when taken together, on its
date and on each VWAP Purchase Date shall comply in all material respects with the requirements of the Securities Act (including,
without limitation, Rule 424(b) under the Securities Act) and shall not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading, except that this representation and warranty shall not apply to statements
in or omissions from the Prospectus or any Prospectus Supplement made in reliance upon and in conformity with information relating
to the Investor furnished to the Company in writing by or on behalf of the Investor expressly for use therein. The statistical,
demographic and market-related data included in the Registration Statement and Prospectus are based on or derived from sources that
the Company believes to be reliable and accurate or represent the Company’s good faith estimates that are made on the basis of
data derived from such sources. Each Commission Document (other than the Initial Registration Statement or any New Registration
Statement, or the Prospectus included therein or any Prospectus Supplement thereto) to be filed with or furnished to the Commission
after the Commencement Date and incorporated by reference in the Initial Registration Statement or any New Registration Statement,
or the Prospectus included therein or any Prospectus Supplement thereto required to be filed pursuant to this Agreement or the
Registration Rights Agreement (including, without limitation, the Current Report), when such document is filed with or furnished to
the Commission and, if applicable, when such document becomes effective, as the case may be, shall comply in all material respects
with the requirements of the Securities Act or the Exchange Act, as applicable, and other federal, state and local laws, rules and
regulations applicable to it. The Company has delivered or made available to the Investor via EDGAR or otherwise true and complete
copies of all comment letters and substantive correspondence received by the Company from the Commission relating to the Commission
Documents filed with or furnished to the Commission as of the Commencement Date, together with all written responses of the Company
thereto in the form such responses were filed via EDGAR. There are no outstanding or unresolved comments or undertakings in such
comment letters received by the Company from the Commission. The Commission has not issued any stop order or other order suspending
the effectiveness of any registration statement filed by the Company under the Securities Act or the Exchange Act.

 

    11

     

    

 

(ii) The consolidated financial statements of
the Company included or incorporated by reference in the Commission Documents, together with the related notes and schedules,
present fairly, in all material respects, the consolidated financial position of the Company and its then consolidated subsidiaries
as of the dates indicated, and the consolidated results of operations, cash flows and changes in stockholders’ equity of the
Company and its then consolidated subsidiaries for the periods specified (subject, in the case of unaudited statements, to normal
year end audit adjustments which will not be material, either individually or in the aggregate) and have been prepared in compliance
with the published requirements of the Securities Act and the Exchange Act, as applicable, and in conformity with generally accepted
accounting principles in the United States (“GAAP”) applied on a consistent basis. The summary
consolidated financial data included or incorporated by reference in the Commission Documents present fairly the information shown
therein and have been compiled on a basis consistent with that of the financial statements included or incorporated by reference in
the Commission Documents, as of and at the dates indicated. The pro forma condensed combined financial statements and the pro forma
combined financial statements and any other pro forma financial statements or data included or incorporated by reference in the
Commission Documents comply with the requirements of Regulation S-X of the Securities Act, including, without limitation, Article 11
thereof, and the assumptions used in the preparation of such pro forma financial statements and data are reasonable, the pro forma
adjustments used therein are appropriate to give effect to the circumstances referred to therein and the pro forma adjustments have
been properly applied to the historical amounts in the compilation of those statements and data. There are no financial statements
(historical or pro forma) that are required to be included or incorporated by reference in the Commission Documents that are not
included or incorporated by reference as required. The Company and the Subsidiaries do not have any material liabilities or
obligations, direct or contingent (including any off-balance sheet obligations or any “variable interest entities” as
that term is used in Accounting Standards Codification Paragraph 810-10-25-20), not described in Commission Documents which are
required to be described in the Commission Documents. All disclosures contained or incorporated by reference in the Commission
Documents, if any, regarding “non-GAAP financial measures” (as such term is defined by the rules and regulations of the
Commission) comply in all material respects with Regulation G of the Exchange Act and Item 10 of Regulation S-K under the Securities
Act, to the extent applicable. The interactive data in eXtensible Business Reporting Language included in the Commission Documents
fairly presents the information called for in all material respects and has been prepared in accordance with the Commission’s
rules and guidelines applicable thereto.

 

(iii) UHY LLP (such firm,
or a successor independent registered public accounting firm for the Company, the “Accountant”), whose
report on the consolidated financial statements of the Company as of and for the years ended December 31, 2021 and 2020 is included
in the Commission Documents, and, during the periods covered by the Accountant’s report, was an independent public accounting
firm within the meaning of the Securities Act and the rules and regulations of the Public Company Accounting Oversight Board (United
States). To the Company’s Knowledge, the Accountant is not in violation of the auditor independence requirements of the
Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”) with respect to the Company.

 

There is and has been no failure on the part of
the Company or any of the Company’s directors or officers, in their capacities as such, to comply in all material respects
with any applicable provisions of the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder. Each of the principal
executive officer and the principal financial officer of the Company (or each former principal executive officer of the Company and
each former principal financial officer of the Company as applicable) has made all certifications required by Sections 302 and 906
of the Sarbanes-Oxley Act with respect to all reports, schedules, forms, statements and other documents required to be filed by it
or furnished by it to the Commission. For purposes of the preceding sentence, “principal executive officer” and
“principal financial officer” shall have the meanings given to such terms in the Sarbanes-Oxley Act.

 

    12

     

    

 

Section
5.8. No Material Adverse Effect; Absence of Certain Changes. Subsequent to the respective dates as of which information
is given in the Commission Documents (including any document deemed incorporated by reference therein), there has not been (i) any Material
Adverse Effect or the occurrence of any development that the Company reasonably expects will result in a Material Adverse Effect, (ii)
any transaction that is material to the Company and the Subsidiaries (iii) any obligation or liability, direct or contingent (including
any off-balance sheet obligations), incurred by the Company or any Subsidiary, which is material to the Company and the Subsidiaries taken
as a whole, (iv) any material change in the capital stock or outstanding long-term indebtedness of the Company or any of its Subsidiaries,
taken as a whole or (v) any dividend or distribution of any kind declared, paid or made on the capital stock of the Company or any Subsidiary,
other than in each case above in the ordinary course of business or as otherwise disclosed in the Commission Documents (including any
document deemed incorporated by reference therein). Except as disclosed in the Commission Documents (including any document deemed incorporated
by reference therein), the Company and its Subsidiaries have conducted their respective businesses in the ordinary course of business
consistent with past practice in all material respects.

 

Section
5.9. No Material Defaults.

 

Neither the Company nor any of its Subsidiaries has
defaulted on any installment on indebtedness for borrowed money, which defaults would, individually or in the aggregate, have a Material
Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the Exchange Act indicating that it (i) has failed
to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed
money, which defaults in each case of (i) or (ii) would, individually or in the aggregate, have a Material Adverse Effect. Neither
the Company nor any of its Subsidiaries (taken as a whole) is (i) in default, and no event has occurred that, with notice or lapse
of time or both, would constitute such a default, in the due performance or observance of any term, covenant or condition contained in
any Contract to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound or
to which any of the property or assets of the Company or any of its Subsidiaries are subject; or (ii) in violation of any law or statute
or any judgment, order, rule or regulation of any Governmental Authority, except, in each case, for any such violation or default that
would not, individually or in the aggregate, have a Material Adverse Effect.

 

Section
5.10. No Preferential Rights. Except as set forth in the Commission Documents and Schedule 5.10 of the
Disclosure Schedule, (i) no Person, has the right, contractual or otherwise, to cause the Company to issue or sell to such
Person any Common Stock or shares of any other capital stock or other securities of the Company, (ii) no Person has any
preemptive rights, resale rights, rights of first refusal, rights of co-sale, or any other rights (whether pursuant to a
“poison pill” provision or otherwise) to purchase any Common Stock or shares of any other capital stock or other
securities of the Company, (iii) no Person has the right to act as an underwriter or as a financial advisor to the Company in
connection with the offer and sale of the Common Stock, and (iv) no Person has the right, contractual or otherwise, to require
the Company to register under the Securities Act any Common Stock or shares of any other capital stock or other securities of the
Company, or to include any such shares or other securities in the Registration Statement or the offering contemplated thereby,
whether as a result of the filing or effectiveness of the Registration Statement or the sale of the Shares as contemplated thereby
or otherwise.

 

    13

     

    

 

Section
5.11. Material Contracts. Neither the Company nor any of its Subsidiaries is in material breach of or
default in any respect under the terms of any Material Contract and, to the Knowledge of the Company, no other party to any Material Contract
is in material breach of or default under the terms of any Material Contract. Except as set forth in the Commission Documents, each Material
Contract is a valid and binding obligation of the Company or the Subsidiary of the Company that is party thereto and, to the Knowledge
of the Company, is a valid and binding obligation of each other party thereto. Except as set forth in the Commission Documents, the Company
has not received any written notice of the intention of any other party to a Material Contract to terminate for default, convenience or
otherwise, or not renew, any Material Contract.

 

Section
5.12. Solvency. The Company has not taken any steps, and does not currently expect to take any steps, to seek
protection pursuant to Title 11 of the United States Code or any similar federal or state bankruptcy law or law for the relief of debtors,
nor does the Company have any Knowledge that its creditors intend to initiate involuntary bankruptcy, insolvency, reorganization or liquidation
proceedings or other proceedings for relief under Title 11 of the United States Code or any other federal or state bankruptcy law or any
law for the relief of debtors. The Company is financially solvent and generally able to pay its debts as they become due. There is no
existing or continuing default or event of default in respect of any Indebtedness of the Company or any of its Subsidiaries. For the purposes
of this Agreement, “Indebtedness” shall mean (a) any liabilities for borrowed money or amounts owed in excess of $500,000
(other than trade accounts payable incurred in the ordinary course of business), (b) all guaranties, endorsements, indemnities and other
contingent obligations in respect of Indebtedness of others in excess of $500,000, whether or not the same are or should be reflected
in the Company’s balance sheet (or the notes thereto), except guaranties by endorsement of negotiable instruments for deposit or
collection or similar transactions in the ordinary course of business; and (c) the present value of any lease payments in excess of $500,000
due under leases required to be capitalized in accordance with GAAP.

 

Section
5.13. Real Property.

 

(i) Unless otherwise disclosed in the Commission
Documents, neither the Company or any Subsidiary of the Company owns any real property or any interest in real property (other than the
leasehold interests described in the Commission Documents as being leased by the Company and any of its Subsidiaries).

 

(ii) Any real property described in the Commission
Documents as being leased by the Company and any of its Subsidiaries is held by them under valid, existing and enforceable leases, except
those that (1) do not materially interfere with the use made or proposed to be made of such property by the Company or any of its Subsidiaries
or (2) would not, individually or in the aggregate, have a Material Adverse Effect.

 

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Section
5.14. Intellectual Property

 

(i) Except as disclosed in the Commission Documents,
the Company and its Subsidiaries own, possess, license or have other rights to use all foreign and domestic patents, patent applications,
trade and service marks, trade and service mark registrations, trade names, copyrights, inventions, trade secrets, technology, Internet
domain names, know-how and other intellectual property (collectively, the “Intellectual Property”), necessary
for the conduct of their respective businesses as now conducted except to the extent that the failure to own, possess, license or otherwise
hold adequate rights to use such Intellectual Property would not, individually or in the aggregate, have a Material Adverse Effect.

 

(ii) Except as disclosed in the Commission Documents
(a) to the Company’s Knowledge, there are no rights of third parties to any such Intellectual Property owned by the Company and
its Subsidiaries (except under agreements entered into in the ordinary course of business); (b) to the Company’s Knowledge, there
is no infringement by third parties of any such Intellectual Property; (c) there is no pending action, suit or proceeding by others against
the Company and its Subsidiaries before any governmental authority challenging the Company’s and its Subsidiaries’ rights
in or to any such Intellectual Property (other than relating to prosecution of Intellectual Property), action, suit or proceeding; (d)
there is no pending action, suit or proceeding by others against the Company and its Subsidiaries before any governmental authority challenging
the validity of any such Intellectual Property (other than relating to prosecution of Intellectual Property); (e) there is no pending
action, suit or proceeding by others against the Company and its Subsidiaries before any governmental authority that the Company and its
Subsidiaries infringe or otherwise violate any patent, trademark, copyright, trade secret or other proprietary rights of others; and (f)
to the Company’s Knowledge, there is no third-party U.S. patent or published U.S. patent application which contains claims for which
an Interference Proceeding (as defined in 35 U.S.C. § 135) is pending against any patent or patent application described in the Commission
Documents as being owned by to the Company, except, in the case of any of clauses (a)-(f) above, as would not, individually or in the
aggregate, result in a Material Adverse Effect.

 

(iii) The Company and its Subsidiaries takes commercially
reasonable efforts to maintain the confidentiality of all material trade secrets and other material confidential information owned by
Company and its Subsidiaries and any confidential information owned by any Person to whom the Company or any of its Subsidiaries has a
written confidentiality obligation, except for as would not, individually or in the aggregate, result in a Material Adverse Effect.

 

Section
5.15. Actions Pending. Except as set forth in the Commission Documents, there are no actions, suits or proceedings
by or before any Governmental Authority pending, to which the Company or a Subsidiary is a party or to which any property of the Company
or any of its Subsidiaries is the subject that would, individually or in the aggregate, have a Material Adverse Effect; and (i) there
are no current or pending audits or investigations, actions, suits or proceedings by or before any Governmental Authority that are required
under the Securities Act to be described in the Commission Documents that are not so described; and (ii) there are no contracts or
other documents that are required under the Securities Act to be filed as exhibits to the Commission Documents that are not so filed.

 

    15

     

    

 

Section
5.16. Compliance with Law. The Company and each of its Subsidiaries are in compliance with all applicable laws,
regulations and statutes; the Company has not received a notice of non-compliance with any such laws, regulations and statutes by which
it or any of its properties, assets, employees, business or operations are or were bound or to which they were subject, except for any
non-compliance, default or violation would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse
Effect or that have been waived.

 

Section
5.17. Certain Fees. Neither the Company nor any of its Subsidiaries has incurred any liability for any finder’s
fees, brokerage commissions or similar payments in connection with the transactions herein contemplated.

 

Section
5.18. Disclosure. The Company confirms that neither it nor any other Person acting on its behalf has provided
the Investor or any of its agents, advisors or counsel with any information that constitutes or could reasonably be expected to constitute
material, nonpublic information concerning the Company or any of its Subsidiaries, other than the Current Report and the existence of
the transactions contemplated by the Transaction Documents. The Company understands and confirms that the Investor will rely on the foregoing
representations in effecting resales of Shares under the Registration Statement.

 

Section
5.19. Broker/Dealer Relationships. Neither the Company nor any of the Subsidiaries (i) is required to register
as a “broker” or “dealer” in accordance with the provisions of the Exchange Act or (ii) directly or indirectly
through one or more intermediaries, controls or is a “person associated with a member” or “associated person of a member”
(within the meaning set forth in the FINRA Manual).

 

Section
5.20. Controls. The Company and each of its Subsidiaries maintain systems of internal accounting controls
sufficient to provide reasonable assurance that (i) transactions, including receipts and expenditures, are executed in
accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is
permitted only in accordance with management’s general or specific authorization; (iv) its policies and procedures
provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the
Company’s assets, including the comparison of the recorded accountability for assets with the existing assets at reasonable
intervals, and appropriate action is taken with respect to any differences and (v) its books and records accurately reflect its
assets. The Company’s internal control over financial reporting is effective and the Company is not aware of any material
weaknesses in its internal control over financial reporting (other than as set forth in the Commission Documents). Since the date of
the latest audited financial statements of the Company included in the Commission Documents, there has been no change in the
Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially
affect, the Company’s internal control over financial reporting (other than as set forth in the Commission Documents). The
Company has established disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 and 15d-15) for the
Company designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under
the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules
and forms, and designed such disclosure controls and procedures to ensure that material information relating to the Company and each
of its Subsidiaries is made known to the certifying officers by others within those entities, particularly during the period in
which the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as the case may be, is being prepared.
The Company’s certifying officers have evaluated the effectiveness of the Company’s disclosure controls and procedures
as of a date within ninety (90) days prior to the filing date of the Form 10-K for the fiscal year most recently ended (such
date, the “Evaluation Date”). The Company presented in its Form 10-K for the fiscal year most recently
ended the conclusions of the certifying officers about the effectiveness of the disclosure controls and procedures based on their
evaluations as of the Evaluation Date and the disclosure controls and procedures are effective. Since the Evaluation Date, there
have been no significant changes in the Company’s internal controls (as such term is defined in Item 307(b) of Regulation
S-K under the Securities Act) or, to the Company’s Knowledge, in other factors that could significantly affect the
Company’s internal controls.

 

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Section
5.21. Permits. Except as will be disclosed in the Commission Documents, the Company and each Subsidiary possess
such valid and current certificates, authorizations or permits issued by the appropriate state, federal or foreign regulatory agencies
or bodies necessary to conduct their respective businesses except for any failure to obtain such certificates, authorizations or permits
would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect or that have been waived, and,
neither the Company nor any Subsidiary has received, or has any reason to believe that it will receive, any notice of proceedings relating
to the revocation or modification of, or non-compliance with, any such certificate, authorization or permit which, if the subject of an
unfavorable decision, ruling or finding, would, individually or in the aggregate, have a Material Adverse Effect.

 

Section
5.22. No Improper Practices. (i) Neither the Company nor the Subsidiaries, nor any director or officer
of the Company or any Subsidiary nor, to the Company’s Knowledge, any agent or Affiliate or employee of the Company or any
Subsidiary has, in the past five fiscal years, made any unlawful contributions to any candidate for any political office (or failed
fully to disclose any contribution in violation of applicable law) or made any contribution or other payment to any official of, or
candidate for, any federal, state, municipal, or foreign office or other person charged with similar public or quasi-public duty in
violation of any applicable law or of the character required to be disclosed in the Commission Documents; (ii) no relationship,
direct or indirect, exists between or among the Company or any Subsidiary or any Affiliate of any of them, on the one hand, and the
directors, officers and stockholders of the Company or any Subsidiary, on the other hand, that is required by the Securities Act to
be described in the Commission Documents that is not so described; (iii) no relationship, direct or indirect, exists between or
among the Company or any Subsidiary or any Affiliate of them, on the one hand, and the directors, officers, or stockholders of the
Company or any Subsidiary, on the other hand, that is required by the rules of FINRA to be described in the Commission Documents
that is not so described; (iv) except as described in the Commission Documents, there are no material outstanding loans or advances
or material guarantees of indebtedness by the Company or any Subsidiary to or for the benefit of any of their respective officers or
directors or any of the members of the families of any of them; (v) the Company has not offered, or caused any placement agent to
offer, Common Stock to any person with the intent to influence unlawfully (a) a customer or supplier of the Company or any
Subsidiary to alter the customer’s or supplier’s level or type of business with the Company or any Subsidiary or (b) a
trade journalist or publication to write or publish favorable information about the Company or any Subsidiary or any of their
respective products or services; and (vi) neither the Company nor any Subsidiary nor any director or officer of the Company or any
Subsidiary nor, to the Company’s Knowledge, any agent, Affiliate, employee or other person acting on behalf of the Company or
any Subsidiary has (a) violated or is in violation of any applicable provision of the U.S. Foreign Corrupt Practices Act of 1977, as
amended, or any other applicable anti-bribery or anti-corruption law (collectively, “Anti-Corruption
Laws”), (b) promised, offered, provided, attempted to provide or authorized the provision of anything of value,
directly or indirectly, to any person for the purpose of obtaining or retaining business, influencing any act or decision of the
recipient, or securing any improper advantage; or (c) made any payment of funds of the Company or any Subsidiary or received or
retained any funds in violation of any Anti-Corruption Laws. 

 

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Section
5.23. Money Laundering Laws. The operations of the Company and its Subsidiaries are and have been conducted at
all times in compliance with money laundering statutes of all jurisdictions to which the Company or its Subsidiaries are subject, the
rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any
Governmental Authority (collectively, the “Money Laundering Laws”); and no action, suit or proceeding by or
before any Governmental Authority involving the Company or any of its Subsidiaries with respect to the Money Laundering Laws is pending
or, to the Knowledge of the Company, threatened.

 

Section
5.24. Transactions With Affiliates. No relationship, direct or indirect, exists between or among the Company
or any of its Subsidiaries on the one hand, and the directors, officers, trustees, managers, stockholders, partners, customers or suppliers
of the Company or any of the Subsidiaries on the other hand, which would be required by the Securities Act or the Exchange Act to be disclosed
in the Commission Documents, which is not so disclosed.

 

Section
5.25. Employee Matters. None of the Company nor any of its Subsidiaries is bound by or subject to any collective
bargaining or similar agreement with any labor union. The Company and its Subsidiaries have complied with all employment laws applicable
to employees of the Company and its Subsidiaries, except where non-compliance with any such employment laws would not have a Material
Adverse Effect. No labor disturbance by or dispute with employees of the Company or any of its Subsidiaries exists or, to the Knowledge
of the Company, is threatened which would have a Material Adverse Effect.

 

Section
5.26. Use of Proceeds. The proceeds from the sale of the Shares by the Company to the Investor shall be used
by the Company in the manner as will be set forth in the Prospectus included in any Registration Statement (and any post-effective amendment
thereto) and any Prospectus Supplement thereto filed pursuant to the Registration Rights Agreement.

 

Section
5.27. Investment Company Act Status. The Company is not, and as a result of the consummation of the
transactions contemplated by the Transaction Documents and the application of the proceeds from the sale of the Shares as will be
set forth in the Prospectus included in any Registration Statement (and any post-effective amendment thereto) and any Prospectus
Supplement thereto filed pursuant to the Registration Rights Agreement the Company will not be an “investment company”
within the meaning of the Investment Company Act of 1940, as amended.

 

Section
5.28. Margin Rules. Neither the issuance, sale and delivery of the Shares nor the application of the proceeds
thereof by the Company as described in the Commission Documents will violate Regulation T, U or X of the Board of Governors of the Federal
Reserve System or any other regulation of such Board of Governors.

 

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Section
5.29. Taxes. The Company and each of its Subsidiaries have filed all federal, state, local and foreign tax returns
which have been required to be filed and paid all taxes shown thereon, to the extent that such taxes have become due and are not being
contested in good faith, except where the failure to so file or pay would not have a Material Adverse Effect. Except as otherwise disclosed
in or contemplated by the Commission Documents, no tax deficiency has been determined adversely to the Company or any of its Subsidiaries
which has had, or would have, individually or in the aggregate, a Material Adverse Effect. The Company has no Knowledge of any federal,
state or other governmental tax deficiency, penalty or assessment which has been or might be asserted or threatened against it which would
have a Material Adverse Effect.

 

Section
5.30. ERISA. Except for noncompliance which would not have a Material Adverse Effect, (i) to the Knowledge of
the Company, each material employee benefit plan, within the meaning of Section 3(3) of the Employee Retirement Income Security Act of
1974, as amended (“ERISA”), that is maintained, administered or contributed to by the Company or any of its
Subsidiaries for current employees of the Company and any of its Subsidiaries has been maintained in material compliance with its terms
and the requirements of any applicable statutes, orders, rules and regulations, including but not limited to ERISA and the Internal Revenue
Code of 1986, as amended (the “Code”); and (ii) no prohibited transaction, within the meaning of Section 406
of ERISA or Section 4975 of the Code, has occurred which would result in a material liability to the Company with respect to any such
plan excluding transactions effected pursuant to a statutory or administrative exemption.

 

Section
5.31. Stock Transfer Taxes. All stock transfer or other taxes (other than income taxes) which are required to
be paid in connection with the sale and transfer of the Shares to be sold hereunder will be, or will have been, fully paid or provided
for by the Company and all laws imposing such taxes will be or will have been fully complied with.

 

Section
5.32. Insurance. The Company and each of its Subsidiaries carry, or are covered by, insurance in such amounts
and covering such risks as the Company and each of its Subsidiaries reasonably believe are adequate for the conduct of their business
and as is customary for companies engaged in similar businesses in all material aspects in similar industries. 1

 

Section
5.33. Exemption from Registration. Subject to, and in reliance on, the representations, warranties and
covenants made herein by the Investor, the offer and sale of the Shares in accordance with the terms and conditions of this
Agreement is exempt from the registration requirements of the Securities Act pursuant to Section 4(a)(2) and/or Rule 506(b) of
Regulation D; provided, however, that at the request of and with the express agreements of the Investor (including,
without limitation, the representations, warranties and covenants of Investor set forth in Section 4.9 through 4.13), the Shares to
be issued from and after Commencement to or for the benefit of the Investor pursuant to this Agreement shall be issued to the
Investor or its designee only as DWAC Shares and will not bear legends noting restrictions as to resale of such securities under
federal or state securities laws, nor will any such securities be subject to stop transfer instructions.

 

 

		1	Note
                                            to Draft: KludeIn / Near to confirm.

 

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Section
5.34. No General Solicitation or Advertising. Neither the Company, nor any of its Subsidiaries or Affiliates,
nor any Person acting on its or their behalf, has engaged in any form of general solicitation or general advertising (within the meaning
of Regulation D) in connection with the offer or sale of the Shares.

 

Section
5.35. No Integrated Offering. None of the Company, 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 Shares under the Securities Act, whether through integration
with prior offerings or otherwise, or cause this offering of the Shares to require approval of stockholders of the Company under any applicable
stockholder approval provisions, including, without limitation, under the rules and regulations of the Principal Market. None of the Company,
its Subsidiaries, their Affiliates nor any Person acting on their behalf will take any action or steps referred to in the preceding sentence
that would require registration of the issuance of any of the Shares under the Securities Act or cause the offering of any of the Shares
to be integrated with other offerings.

 

Section
5.36. Dilutive Effect. The Company is aware and acknowledges that issuance of the Shares could cause dilution
to existing stockholders and could significantly increase the outstanding number of shares of Common Stock. The Company further acknowledges
that its obligation to issue the Shares to be purchased by the Investor pursuant to a VWAP Purchase is, upon the Company’s delivery
to the Investor of a VWAP Purchase Notice for a VWAP Purchase in accordance with this Agreement, absolute and unconditional following
the delivery of such VWAP Purchase Notice to the Investor, regardless of the dilutive effect that such issuance may have on the ownership
interests of other stockholders of the Company.

 

Section
5.37. Manipulation of Price. Neither the Company nor any of its officers, directors or Affiliates has, and, to
the Knowledge of the Company, no Person acting on their behalf has, (i) taken, directly or indirectly, any action designed or intended
to cause or to result in the stabilization or manipulation of the price of any security of the Company, or which caused or resulted in,
or which would in the future reasonably be expected to cause or result in, the stabilization or manipulation of the price of any security
of the Company, in each case to facilitate the sale or resale of any of the Shares, (ii) sold, bid for, purchased, or paid any compensation
for soliciting purchases of, any of the Shares, or (iii) paid or agreed to pay to any Person any compensation for soliciting another to
purchase any other securities of the Company. Neither the Company nor any of its officers, directors or Affiliates will during the term
of this Agreement, and, to the Knowledge of the Company, no Person acting on their behalf will during the term of this Agreement, take
any of the actions referred to in the immediately preceding sentence.

 

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Section
5.38. Listing and Maintenance Requirements; DTC Eligibility. After the closing of the Mergers and during the
Investment Period, the Common Stock will be registered pursuant to Section 12(b) of the Exchange Act, and the Company shall not have taken
any action designed to, or which to its Knowledge is likely to have the effect of, terminating the registration of the Common Stock under
the Exchange Act, nor shall the Company have received any notification that the Commission is contemplating terminating such registration.
The Company shall not have received notice from the Principal Market to the effect that the Company is not in compliance with any listing
or maintenance requirements of the Principal Market and shall have failed to rectify or cure any such failure to be in compliance with
any such relevant listing or maintenance requirement within the applicable grace or cure periods in accordance with the rules and regulations
of the Principal Market. The Common Stock shall be eligible for participation in the DTC book entry system and there shall be shares on
deposit at DTC for transfer electronically to third parties via DTC through its Deposit/Withdrawal at Custodian (“DWAC”)
delivery system. The Company shall not have received notice from DTC to the effect that a suspension of, or restriction on, accepting
additional deposits of the Common Stock, electronic trading or book-entry services by DTC with respect to the Common Stock is being imposed
or is contemplated.

 

Section
5.39. OFAC. Neither the Company nor any of its Subsidiaries (collectively, the “Entity”),
nor any director or officer or representative of the Company, nor, to the knowledge of the Company, any employee, agent or Affiliate of
the Company, is a Person that is, or is owned or controlled by a Person that is (i) the subject of any sanctions administered or enforced
by the Office of Foreign Asset Control (“OFAC”), the United Nations Security Council, the European Union, Her Majesty’s
Treasury, or other relevant sanctions authorities, including, without limitation, designation on OFAC’s Specially Designated Nationals
and Blocked Persons List or OFAC’s Foreign Sanctions Evaders List or other relevant sanctions authority (collectively, “Sanctions”),
nor (ii) located, organized or resident in a country or territory that is the subject of Sanctions that broadly prohibit dealings with
that country or territory (including, without limitation, the Crimea region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria (the
“Sanctioned Countries”)). The Entity will not, directly or indirectly, use the proceeds from the sale of Shares,
or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person (a) to fund or
facilitate any activities or business of or with any Person or in any country or territory that, at the time of such funding or facilitation,
is the subject of Sanctions or is a Sanctioned Country, or (b) in any other manner that will result in a violation of Sanctions by any
Person (including any Person participating in the transactions contemplated by this Agreement, whether as underwriter, advisor, investor
or otherwise). For the past five years, the Entity has not engaged in, and is now not engaged in, any dealings or transactions with any
Person, or in any country or territory, that at the time of the dealing or transaction is or was the subject of Sanctions.

 

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Section
5.40. Information Technology; Compliance with Data Privacy Laws.

 

(i) The information technology assets and
equipment, computers, systems, networks, hardware, software, websites, applications, and databases owned or used by the Company and
its Subsidiaries (collectively, “IT Systems”) are adequate for the operation of the business of the
Company as currently conducted, except as would not, individually or in the aggregate, result in a Material Adverse Effect. The
Company and its Subsidiaries use commercially reasonable efforts to implement and maintain commercially reasonable controls,
policies, procedures, or safeguards designed to maintain and protect their material confidential information and the security of IT
Systems, including “Personal Data” (defined below) within their possession and control (“Confidential
Data”) used in connection with their businesses, except as would not, individually or in the aggregate, result in a
Material Adverse Effect. “Personal Data” means (a) a natural person’s name, street address, telephone number,
e-mail address, photograph, social security number or tax identification number, driver’s license number, passport number,
credit card number, bank information, or customer or account number; (b) any information which would qualify as “personally
identifying information” under the Federal Trade Commission Act, as amended; (c) “personal data” as defined by the
European Union General Data Protection Regulation (“GDPR”) (EU 2016/679) to the extent GDPR is applicable
to the Company’s business; (d) any information which would qualify as “protected health information” under the
Health Insurance Portability and Accountability Act of 1996, as amended by the Health Information Technology for Economic and
Clinical Health Act (collectively, “HIPAA”); (e) any “personal information” as defined by the
California Consumer Privacy Act (“CCPA”) to the extent CCPA is applicable to the Company’s business;
and (f) any other piece of information that identifies of such natural person or his or her family. In the past two (2) years, there
have been no breaches, violations, outages or unauthorized uses of or accesses to Confidential Data, except for those that have been
remedied in all material respects or would not, individually or in the aggregate, result in a Material Adverse Effect. The Company
and its Subsidiaries are presently in material compliance with all applicable laws or statutes and all judgments, orders, rules and
regulations of any court or arbitrator or governmental or regulatory authority relating to the privacy and security of IT Systems,
Confidential Data, and Personal Data and to the protection of such IT Systems, Confidential Data, and Personal Data from
unauthorized use, access, misappropriation or modification, except for such noncompliance that would not, individually or in the
aggregate, result in a Material Adverse Effect.

 

(ii) The Company and its Subsidiaries are in material
compliance with all applicable state and federal data privacy and security laws and regulations, including without limitation HIPAA, CCPA
and the GDPR (collectively, the “Privacy Laws”), except for such noncompliance that would not, individually
or in the aggregate, result in a Material Adverse Effect. Neither the Company nor any of its Subsidiaries: (a) has received written notice
of a pending claim alleging any actual or potential violation of, any of the Privacy Laws by the Company or its Subsidiaries; or (b) is
a party to any order or decree issued by a governmental authority that imposes any outstanding obligation of the Company or its Subsidiaries
under any Privacy Law; except, in the case of any of clauses (a)-(b) above, as would not, individually or in the aggregate, result in
a Material Adverse Effect.

 

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Section
5.41. Acknowledgement Regarding Relationship with Investor and CF&CO. The Company acknowledges and
agrees, to the fullest extent permitted by law, that the Investor is acting solely in the capacity of an arm’s-length
purchaser with respect to this Agreement and the transactions contemplated by the Transaction Documents, and CF&CO is acting as
a representative of the Investor in connection with the transactions contemplated by the Transaction Documents, and of no other
party, including the Company. The Company further acknowledges that while the Investor will be deemed to be a statutory
“underwriter” with respect to the transactions contemplated by the Transaction Documents in accordance with interpretive
positions of the Staff of the Commission, the Investor is a “trader” that is not required to register with the
Commission as a broker-dealer under Section 15(a) of the Securities Exchange Act of 1934. The Company further acknowledges that the
Investor and its representatives are not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with
respect to this Agreement and the transactions contemplated by the Transaction Documents, and any advice given by the Investor or
any of its representatives (including CF&CO) or agents in connection therewith is merely incidental to the Investor’s
acquisition of the Shares. The Company and Investor understand and acknowledge that employees of CF&CO may discuss market color,
VWAP Purchase Notice timing and parameter considerations and other related capital markets considerations with the Company in
connection with the Transaction Documents and the transactions contemplated thereby, in all cases on behalf of the Investor. The
Company acknowledges and agrees that the Investor has not made and does not make any representations or warranties with respect to
the transactions contemplated by the Transaction Documents other than those specifically set forth in Article IV.

 

Section
5.42. Acknowledgement Regarding Investor’s Affiliate Relationships. Affiliates of the Investor, including
CF&CO, engage in a wide range of activities for their own accounts and the accounts of customers, including corporate finance, mergers
and acquisitions, merchant banking, equity and fixed income sales, trading and research, derivatives, foreign exchange, futures, asset
management, custody, clearance and securities lending. In the course of their respective business, Affiliates of the Investor may, directly
or indirectly, hold long or short positions, trade and otherwise conduct such activities in or with respect to debt or equity securities
or bank debt of, or derivative products relating to, the Company. Any such position will be created, and maintained, independently of
the position the Investor takes in the Company. In addition, at any given time Affiliates of the Investor, including CF&CO, may have
been or in the future may be engaged by one or more entities that may be competitors with, or otherwise adverse to, the Company in matters
unrelated to the transactions contemplated by the Transaction Documents, and Affiliates of the Investor, including CF&CO may have
or may in the future provide investment banking or other services to the Company in matters unrelated to the transactions contemplated
by the Transaction Documents. Activities of any of the Investor’s Affiliates performed on behalf of the Company may give rise to
actual or apparent conflicts of interest given the Investor’s potentially competing interests with those of the Company. The Company
expressly acknowledges the benefits it receives from the Investor’s participation in the transactions contemplated by the Transaction
Documents, on the one hand, and the Investor’s Affiliates’ activities, if any, on behalf of the Company unrelated to the transactions
contemplated by the Transaction Documents, on the other hand, and understands the conflict or potential conflict of interest that may
arise in this regard, and has consulted with such independent advisors as it deems appropriate in order to understand and assess the risks
associated with these potential conflicts of interest. Consistent with applicable legal and regulatory requirements, applicable Affiliates
of the Investor have adopted policies and procedures to establish and maintain the independence of their research departments and personnel
from their investment banking groups and the Investor. As a result, research analysts employed by Affiliates of the Investor may hold
views, make statements or investment recommendations or publish research reports with respect to the Company or the transactions contemplated
by the Transaction Documents that differ from the views of the Investor.

 

Section
5.43. Emerging Growth Company Status. From the time of the initial filing of the Company’s first registration
statement with the Commission, the Company has been and is an “emerging growth company,” as defined in Section 2(a) of the
Securities Act.

 

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ARTICLE VI

ADDITIONAL COVENANTS

 

The Company covenants with the Investor, and the Investor covenants
with the Company, as follows, which covenants of one party are for the benefit of the other party, only during the Investment Period (and
with respect to the Company, for the period following the termination of this Agreement specified in Section 8.3 pursuant to and in accordance
with Section 8.3):

 

Section
6.1. Securities Compliance. The Company shall notify the Commission and the Principal Market, if and as applicable,
in accordance with their respective rules and regulations, of the transactions contemplated by the Transaction Documents, and shall take
all necessary action, undertake all proceedings and obtain all registrations, permits, consents and approvals for the legal and valid
issuance of the Shares to the Investor in accordance with the terms of the Transaction Documents, as applicable.

 

Section
6.2. Reservation of Common Stock. The Company has available and the Company shall reserve and keep available
at all times, free of preemptive and other similar rights of stockholders, the requisite aggregate number of authorized but unissued shares
of Common Stock to enable the Company to timely effect the issuance, sale and delivery of all Shares to be issued, sold and delivered
in respect of each VWAP Purchase effected under this Agreement, at least prior to the delivery by the Company to the Investor of the applicable
VWAP Purchase Notice in connection with such VWAP Purchase. Without limiting the generality of the foregoing, as of the Commencement Date
the Company shall have reserved, out of its authorized and unissued Common Stock, a number of shares of Common Stock equal to the Exchange
Cap solely for the purpose of effecting VWAP Purchases under this Agreement. The number of shares of Common Stock so reserved for the
purpose of effecting VWAP Purchases under this Agreement may be increased from time to time by the Company from and after the Commencement
Date, and such number of reserved shares may be reduced from and after the Commencement Date only by the number of Shares actually issued,
sold and delivered to the Investor pursuant to any VWAP Purchase effected from and after the Commencement Date pursuant to this Agreement.

 

Section
6.3. Registration and Listing. The Company shall use its commercially reasonable efforts to cause the Common
Stock to continue to be registered as a class of securities under Section 12(b) of the Exchange Act, and to comply with its reporting
and filing obligations under the Exchange Act, and shall not take any action or file any document (whether or not permitted by the Securities
Act or the Exchange Act) to terminate or suspend such registration or to terminate or suspend its reporting and filing obligations under
the Exchange Act or Securities Act, except as permitted herein. The Company shall use its commercially reasonable efforts to continue
the listing and trading of its Common Stock and the listing of the Shares purchased by the Investor hereunder on the Principal Market
and to comply with the Company’s reporting, filing and other obligations under the rules and regulations of the Principal Market.
If the Company receives any final and non-appealable notice that the listing or quotation of the Common Stock on the Principal Market
shall be terminated on a date certain, the Company shall promptly (and in any case within 24 hours) notify the Investor of such fact in
writing and shall use its commercially reasonable efforts to cause the Common Stock to be listed or quoted on another Principal Market.

 

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Section 6.4. Compliance with Laws.

 

(i) During the Investment Period, the Company shall
comply with applicable provisions of the Securities Act and the Exchange Act, including Regulation M thereunder, applicable state securities
or “Blue Sky” laws, and applicable listing rules of the Principal Market, in connection with the transactions contemplated
by this Agreement and the Registration Rights Agreement, except as would not, individually or in the aggregate, prohibit or otherwise
interfere with the ability of the Company to enter into and perform its obligations under this Agreement in any material respect or for
the Investor to conduct resales of Shares under the Registration Statement in any material respect.

 

(ii) The Investor shall comply with all laws, rules,
regulations and orders applicable to the performance by it of its obligations under this Agreement and its investment in the Shares, except
as would not, individually or in the aggregate, prohibit or otherwise interfere with the ability of the Investor to enter into and perform
its obligations under this Agreement in any material respect. Without limiting the foregoing, the Investor shall comply with all applicable
provisions of the Securities Act and the Exchange Act, including Regulation M thereunder, and all applicable state securities or “Blue
Sky” laws, in connection with the transactions contemplated by this Agreement and the Registration Rights Agreement.

 

Section
6.5. Keeping of Records and Books of Account; Due Diligence.

 

(i) During the Investment Period, the Investor and
the Company shall each maintain records showing the remaining Total Commitment, the remaining Aggregate Limit and the dates and VWAP Purchase
Share Amount for each VWAP Purchase.

 

(ii) Subject to the requirements of Section 6.12,
from time to time from and after the Commencement Date, the Company shall make available for inspection and review by the Investor during
normal business hours and after reasonable notice, customary documentation reasonably requested by the Investor and/or its appointed counsel
or advisors to conduct due diligence; provided, however, that Investor’s satisfaction with the results of such due diligence shall
not be a condition precedent to the Company’s right to deliver to the Investor any VWAP Purchase Notice or the settlement thereof.

 

Section
6.6. No Frustration; No Variable Rate Transactions.

 

(i) No Frustration. The Company shall
not enter into, announce or recommend to its stockholders any agreement, plan, arrangement or transaction in or of which the terms thereof
would restrict, materially delay, conflict with or impair the ability or right of the Company to perform its obligations under the Transaction
Documents to which it is a party, including, without limitation, the obligation of the Company to deliver the Shares to the Investor in
respect of a VWAP Purchase not later than the Share Delivery Deadline. For the avoidance of doubt, nothing in this Section 6.6(i) shall
in any way limit the Company’s right to terminate this Agreement in accordance with Section 8.2 (subject in all cases to Section
8.3).

 

(ii) No Variable Rate
Transactions. The Company shall not effect or enter into an agreement to effect any issuance by the Company or any of its
Subsidiaries of Common Stock or Common Stock Equivalents (or a combination of units thereof) involving a Variable Rate Transaction,
other than in connection with an Exempt Issuance. The Investor shall be entitled to seek injunctive relief against the Company and
its Subsidiaries to preclude any such issuance, which remedy shall be in addition to any right to collect damages, without the
necessity of showing economic loss and without any bond or other security being required.

 

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Section
6.7. Corporate Existence. The Company shall take all steps necessary to preserve and continue the corporate existence
of the Company; provided, however, that, except as provided in Section 6.8, nothing in this Agreement shall be deemed to
prohibit the Company from engaging in any Fundamental Transaction with another Person. For the avoidance of doubt, nothing in this Section
6.7 shall in any way limit the Company’s right to terminate this Agreement in accordance with Section 8.2 (subject in all cases
to Section 8.3).

 

Section
6.8. Fundamental Transaction. If a VWAP Purchase Notice has been delivered to the Investor and the transactions
contemplated therein have not yet been fully settled in accordance with the terms and conditions of this Agreement, the Company shall
not effect any Fundamental Transaction until the expiration of five (5) Trading Days following the date of full settlement thereof and
the issuance to the Investor of all of the Shares issuable pursuant to the VWAP Purchase to which such VWAP Purchase Notice relates.

 

Section
6.9. Selling Restrictions.

 

(i) Except as expressly set forth below, the Investor
covenants that from and after the Commencement Date through and including the Trading Day next following the expiration or termination
of this Agreement as provided in Article VIII (the “Restricted Period”), none of the Investor, or any Person
managed or controlled by the Investor (collectively, the “Restricted Persons” and each of the foregoing is referred
to herein as a “Restricted Person”) shall, directly or indirectly, (a) engage in any Short Sales of the Common
Stock or (b) hedging transaction, which establishes a net short position with respect to the Common Stock, with respect to each of clauses
(a) and (b) hereof, for the principal account of the Investor or any Restricted Person. Notwithstanding the foregoing, it is expressly
understood and agreed that nothing contained herein shall (without implication that the contrary would otherwise be true) prohibit any
Restricted Person during the Restricted Period from: (x) selling “long” (as defined under Rule 200 promulgated under Regulation
SHO) the Shares; or (y) selling a number of shares of Common Stock equal to the number of Shares that such Restricted Person is unconditionally
obligated to purchase under a pending VWAP Purchase Notice but has not yet received from the Company or the Transfer Agent pursuant to
this Agreement, so long as (1) such Restricted Person (or the Broker-Dealer, as applicable) delivers the Shares purchased pursuant to
such VWAP Purchase Notice to the purchaser thereof or the applicable Broker-Dealer promptly upon such Restricted Person’s receipt
of such Shares from the Company in accordance with Section 3.2 of this Agreement and (2) neither the Company nor the Transfer Agent shall
have failed for any reason to deliver such Shares to the Investor or its Broker-Dealer so that such Shares are received by the Investor
as DWAC Shares prior to the applicable Share Delivery Deadline in accordance with Section 3.2 of this Agreement.

 

(ii) In addition to the foregoing, in
connection with any sale of Shares (including any sale permitted by paragraph (i) above), the Investor shall comply in all respects
with all applicable laws, rules, regulations and orders, including, without limitation, the requirements of the Securities Act and
the Exchange Act.

 

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Section
6.10. Effective Registration Statement. During the Investment Period, the Company shall use its commercially
reasonable efforts to maintain the continuous effectiveness of the Initial Registration Statement and each New Registration Statement
filed with the Commission under the Securities Act for the applicable Registration Period pursuant to and in accordance with the Registration
Rights Agreement.

 

Section
6.11. Blue Sky. The Company shall take such action, if any, as is necessary by the Company in order to obtain
an exemption for or to qualify the Shares for sale by the Company to the Investor pursuant to the Transaction Documents, and at the request
of the Investor, the subsequent resale of Registrable Securities by the Investor, in each case, under applicable state securities or “Blue
Sky” laws and shall provide evidence of any such action so taken to the Investor from time to time following the Commencement Date;
provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (x) qualify
to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 6.11, (y) subject itself to
general taxation in any such jurisdiction, or (z) file a general consent to service of process in any such jurisdiction.

 

Section
6.12. Non-Public Information. Neither the Company or any of its Subsidiaries, nor any of their respective directors,
officers, employees or agents shall disclose any material non-public information about the Company to the Investor during any VWAP Purchase
Period, unless a simultaneous public announcement thereof is made by the Company in the manner contemplated by Regulation FD. In the event
of a breach of the foregoing covenant by the Company or any of its Subsidiaries, or any of their respective directors, officers, employees
and agents (as determined in the reasonable good faith judgment of the Investor), (i) the Investor shall promptly provide written notice
of such breach to the Company and (ii) after such notice has been provided to the Company and, provided that the Company shall have failed
to demonstrate to the Investor within twenty-four (24) hours that such information does not constitute material, non-public information
or the Company shall have failed to publicly disclose such material, non-public information within 24 hours following demand therefor
by the Investor, in addition to any other remedy provided herein or in the other Transaction Documents, if the Investor is holding any
Shares at the time of the disclosure of material, non-public information, the Investor shall have the right to make a public disclosure
with the Company’s prior written consent (not to be unreasonably withheld or delayed), in the form of a press release, public advertisement
or otherwise, of such material, non-public information; provided, that prior to making any such public disclosure, the Investor shall
consult with the Company and provide the Company with an opportunity to review and comment on such proposed disclosure. The Investor shall
not have any liability to the Company, any of its Subsidiaries, or any of their respective directors, officers, employees, stockholders
or agents, for any such disclosure.

 

Section
6.13. Broker/Dealer. The Investor shall use one or more broker-dealers to effectuate all sales, if any, of
the Shares that it may purchase or otherwise acquire from the Company pursuant to the Transaction Documents, as applicable, which
(or whom) shall be a DTC participant (collectively, the “Broker-Dealer”). The Investor shall, from time to
time, provide the Company and the Transfer Agent with all information regarding the Broker-Dealer reasonably requested by the
Company. The Investor shall be solely responsible for all fees and commissions of the Broker-Dealer (if any), which shall not exceed
customary brokerage fees and commissions and shall be responsible for designating only a DTC participant eligible to receive DWAC
Shares.

 

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Section
6.14. Disclosure Schedule.

 

(i) The Company may, from time to time, update the
Disclosure Schedule as may be required to satisfy the conditions set forth in Section 7.2(ii), Section 7.3(i) and Section 7.4(ii) (to
the extent such condition set forth in Section 7.4(ii) relates to the condition in Section 7.3(i) as of a specific VWAP Purchase Condition
Satisfaction Time). For purposes of this Section 6.14, any disclosure made in a schedule to the Compliance Certificate shall be deemed
to be an update of the Disclosure Schedule. Notwithstanding anything in this Agreement to the contrary, no update to the Disclosure Schedule
pursuant to this Section 6.14 shall cure any breach of a representation or warranty of the Company contained in this Agreement and made
prior to the update and shall not affect any of the Investor’s rights or remedies with respect thereto.

 

(ii) Notwithstanding anything to the contrary contained
in the Disclosure Schedule or in this Agreement, the information and disclosure contained in any Schedule of the Disclosure Schedule shall
be deemed to be disclosed and incorporated by reference in any other Schedule of the Disclosure Schedule as though fully set forth in
such Schedule for which applicability of such information and disclosure is readily apparent on its face. The fact that any item of information
is disclosed in the Disclosure Schedule shall not be construed to mean that such information is required to be disclosed by this Agreement.
Except as expressly set forth in this Agreement, such information and the thresholds (whether based on quantity, qualitative characterization,
dollar amounts or otherwise) set forth herein shall not be used as a basis for interpreting the terms “material” or “Material
Adverse Effect” or other similar terms in this Agreement.

 

Section
6.15. Delivery of Bring Down Opinions and Compliance Certificates Upon Occurrence of Certain Events. Within
three (3) Trading Days immediately following each time the Company files (i) an annual report on Form 10-K under the Exchange Act
(including any Form 10-K/A containing amended financial information or a material amendment to the previously filed Form 10-K); (ii)
a quarterly report on Form 10-Q under the Exchange Act; (iii) a current report on Form 8-K containing amended financial information
(other than information “furnished” pursuant to Items 2.02 or 7.01 of Form 8-K or to provide disclosure pursuant to
Item 8.01 of Form 8-K relating to the reclassification of certain properties as discontinued operations in accordance with Statement
of Financial Accounting Standards No. 144) under the Exchange Act; or (iv) the Initial Registration Statement, any New Registration
Statement, or any supplement or post-effective amendment thereto, and in any case, not more than once per calendar quarter (each, a
“Representation Date”), the Company shall (a) deliver to the Investor a Compliance Certificate in the form
attached hereto as Exhibit C, dated such date, (b) cause to be furnished to the Investor (1) an opinion from outside counsel
to the Company and (2) a negative assurance letter from outside counsel to the Company, in each case substantially in the form
mutually agreed to by the Company and the Investor prior to the Commencement Date (each such opinion, a “Bring-Down
Opinion”) and (c) cause to be furnished to the Investor a comfort letter from the Accountant (in the case of a
post-effective amendment, only if such amendment contains amended or new financial information), modified, as necessary, to address
such new financial information or relate to such Registration Statement or post-effective amendment, or the Prospectus contained
therein as then amended or supplemented by such Prospectus Supplement, as applicable (a “Bring-Down Comfort
Letter”); provided, however, that no Bring-Down Comfort Letter shall be required of any Accountant whose
report on the consolidated financial statements of the Company is no longer incorporated in any such Registration Statement or the
Prospectus contained therein (as amended or supplemented by any such Prospectus Supplement). The requirement to provide the
documents identified in clauses (a), (b) and (c) of this Section 6.15 shall be waived for any Representation Date if the Company or
the Investor has given notice to the other party in writing (including by email correspondence to the individual(s) of the other
party set forth in Section 10.4 hereto, if receipt of such correspondence is actually acknowledged by any individual to whom the
notice is sent, other than via auto-reply) or by telephone (confirmed immediately by verifiable facsimile transmission or email
correspondence to the individual(s) of the other party set forth in Section 10.4 hereto) of the suspension of VWAP Purchases (a
“Suspension”), which waiver shall continue until the earlier to occur of the
date the Company delivers a VWAP Purchase Notice hereunder (which for such calendar quarter shall be considered a Representation
Date) and the next occurring Representation Date (which also shall be waived if a Suspension is then in effect). Notwithstanding the
foregoing, if the Company subsequently decides to deliver a VWAP Purchase Notice following a Representation Date when a Suspension
was in effect and did not provide the Investor with the documents identified in clauses (a), (b) and (c) of this Section 6.15, then
before the Investor accepts such VWAP Purchase Notice, the Company shall provide the Investor with the documents identified in
clauses (a), (b) and (c) of this Section 6.15, dated as of the date that the VWAP Purchase Notice is accepted by the
Investor.

 

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ARTICLE VII

UNDERTAKINGS AT COMMITMENT AND CONDITIONS TO THE SALE AND PURCHASE OF THE SHARES

 

Section
7.1.  [Reserved].

 

Section
7.2. Conditions Precedent to Commencement. The right of the Company to commence delivering VWAP Purchase Notices
under this Agreement, and the obligation of the Investor to accept VWAP Purchase Notices delivered to the Investor by the Company under
this Agreement, are subject to the initial satisfaction, at Commencement, of each of the conditions set forth in this Section 7.2.

 

(i) Accuracy of the Investor’s Representations
and Warranties. The representations and warranties of the Investor contained in Article V of this Agreement shall be true and
correct as of the Commencement Date, except to the extent such representations and warranties are as of another date, in which case, such
representations and warranties shall be true and correct as of such other date.

 

(ii) Accuracy of the
Company’s Representations and Warranties. The representations and warranties of the Company contained in Article V of
this Agreement shall be true and correct as of the Commencement Date, except to the extent such representations and warranties are
as of another date, in which case, such representations and warranties shall be true and correct as of such other date.

 

(iii) Issuance of Commitment Shares.
The Company shall have issued the Commitment Shares to an account designated by the Investor on or prior to the date hereof, in accordance
with Section 10.1(ii), all of which Commitment Shares shall be fully earned and non-refundable, regardless of whether any VWAP Purchases
are made or settled hereunder or any subsequent termination of this Agreement.

 

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(iv) Completion of Due Diligence. The
Investor shall have completed a due diligence review of the Company satisfactory to the Investor.

 

(v) FINRA. FINRA shall have confirmed
in writing that it has no objection with respect to the fairness and reasonableness of the terms and arrangements of the transactions
contemplated by the Transaction Documents.

 

(vi) Mergers. The transactions contemplated
by the Merger Agreement, including the Mergers, shall have occurred.

 

(vii) Performance of the Company. The
Company shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions required by
this Agreement and the Registration Rights Agreement to be performed, satisfied or complied with by the Company at or prior to the Commencement.
The Company shall deliver to the Investor on the Commencement Date the compliance certificate substantially in the form attached hereto
as Exhibit C (the “Compliance Certificate”).

 

(viii) Initial Registration Statement Effective.
The Initial Registration Statement covering the resale by the Investor of the Registrable Securities included therein required to be filed
by the Company with the Commission pursuant to Section 2(a) of the Registration Rights Agreement shall have become effective under the
Securities Act, and the Investor shall be permitted to utilize the Prospectus therein to resell all of the Commitment Shares and the Shares
included in such Prospectus.

 

(ix) No Material
Notices. None of the following events shall have occurred and be continuing: (a) receipt of any request by the Commission or
any other federal or state governmental authority for any additional information relating to the Initial Registration Statement, the
Prospectus contained therein or any Prospectus Supplement thereto, or for any amendment of or supplement to the Initial Registration
Statement, the Prospectus contained therein or any Prospectus Supplement thereto; (b) the issuance by the Commission or any other
federal or state governmental authority of any stop order suspending the effectiveness of the Initial Registration Statement or
prohibiting or suspending the use of the Prospectus contained therein or any Prospectus Supplement thereto, or of the suspension of
qualification or exemption from qualification of the Shares for offering or sale in any jurisdiction, or the initiation or
contemplated initiation of any proceeding for such purpose; (c) the objection by FINRA to the terms of the transactions contemplated
by the Transaction Documents or (d) the occurrence of any event or the existence of any condition or state of facts, which makes any
statement of a material fact made in the Initial Registration Statement, the Prospectus contained therein or any Prospectus
Supplement thereto untrue or which requires the making of any additions to or changes to the statements then made in the Initial
Registration Statement, the Prospectus contained therein or any Prospectus Supplement thereto in order to state a material fact
required by the Securities Act to be stated therein or necessary in order to make the statements then made therein (in the case of
the Prospectus or any Prospectus Supplement, in the light of the circumstances under which they were made) not misleading, or which
requires an amendment to the Initial Registration Statement or a supplement to the Prospectus contained therein or any Prospectus
Supplement thereto to comply with the Securities Act or any other law. The Company shall have no Knowledge of any event that could
reasonably be expected to have the effect of causing the suspension of the effectiveness of the Initial Registration Statement or
the prohibition or suspension of the use of the Prospectus contained therein or any Prospectus Supplement thereto in connection with
the resale of the Registrable Securities by the Investor.

 

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(x) Other Commission Filings. The Current
Report shall have been filed with the Commission as required pursuant to Section 2.3. The final Prospectus included in the Initial Registration
Statement shall have been filed with the Commission prior to Commencement in accordance with Section 2.3 and the Registration Rights Agreement.
All reports, schedules, registrations, forms, statements, information and other documents required to have been filed by the Company with
the Commission pursuant to the reporting requirements of the Exchange Act, including all material required to have been filed pursuant
to Section 13(a) or 15(d) of the Exchange Act, prior to Commencement shall have been filed with the Commission.

 

(xi) No Suspension of Trading in or Notice
of Delisting of Common Stock. Trading in the Common Stock shall not have been suspended by the Commission, the Principal Market
or FINRA (except for any suspension of trading of limited duration agreed to by the Company, which suspension shall be terminated prior
to the Commencement Date), the Company shall not have received any final and non-appealable notice that the listing or quotation of the
Common Stock on the Principal Market shall be terminated on a date certain (unless, prior to such date certain, the Common Stock is listed
or quoted on any Alternative Market), nor shall there have been imposed any suspension of, or restriction on, accepting additional deposits
of the Common Stock, electronic trading or book-entry services by DTC with respect to the Common Stock that is continuing, the Company
shall not have received any notice from DTC to the effect that a suspension of, or restriction on, accepting additional deposits of the
Common Stock, electronic trading or book-entry services by DTC with respect to the Common Stock is being imposed or is contemplated (unless,
prior to such suspension or restriction, DTC shall have notified the Company in writing that DTC has determined not to impose any such
suspension or restriction).

 

(xii) Compliance with Laws. The Company
shall have complied with all applicable federal, state and local governmental laws, rules, regulations and ordinances in connection with
the execution, delivery and performance of this Agreement and the other Transaction Documents to which it is a party and the consummation
of the transactions contemplated hereby and thereby, including, without limitation, the Company shall have obtained all permits and qualifications
required by any applicable state securities or “Blue Sky” laws for the offer and sale of the Shares by the Company to the
Investor and the subsequent resale of the Registrable Securities by the Investor (or shall have the availability of exemptions therefrom).

 

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(xiii) No Injunction. No statute, regulation,
order, decree, writ, ruling or injunction shall have been enacted, entered, promulgated, threatened or endorsed by any court or governmental
authority of competent jurisdiction which prohibits the consummation of or which would materially modify or delay any of the transactions
contemplated by the Transaction Documents.

 

(xiv) No Proceedings or Litigation.
No action, suit or proceeding before any arbitrator or any court or governmental authority shall have been commenced, and no inquiry or
investigation by any governmental authority shall have been commenced, against the Company or any Subsidiary, or any of the officers,
directors or Affiliates of the Company or any Subsidiary, seeking to restrain, prevent or change the transactions contemplated by the
Transaction Documents, or seeking material damages in connection with such transactions.

 

(xv) Listing of Shares. All of the
Shares that have been and may be issued pursuant to this Agreement (up to the Exchange Cap, to the extent applicable) shall have been
approved for listing or quotation on the Principal Market as of the Commencement Date, subject only to notice of issuance.

 

(xvi) No Material Adverse Effect. No
condition, occurrence, state of facts or event constituting a Material Adverse Effect shall have occurred and be continuing.

 

(xvii) No Bankruptcy Proceedings. No
Person shall have commenced a proceeding against the Company pursuant to or within the meaning of any Bankruptcy Law. The Company shall
not have, pursuant to or within the meaning of any Bankruptcy Law, (a) commenced a voluntary case, (b) consented to the entry of an order
for relief against it in an involuntary case, (c) consented to the appointment of a Custodian of the Company or for all or substantially
all of its property, or (d) made a general assignment for the benefit of its creditors. A court of competent jurisdiction shall not have
entered an order or decree under any Bankruptcy Law that (1) is for relief against the Company in an involuntary case, (2) appoints a
Custodian of the Company or for all or substantially all of its property or (3) orders the liquidation of the Company or any of its Subsidiaries.

 

(xviii) Delivery of Commencement Irrevocable
Transfer Agent Instructions and Notice of Effectiveness. The Commencement Irrevocable Transfer Agent Instructions shall have been
executed by the Company and delivered to and acknowledged in writing by the Company’s Transfer Agent, and the Notice of Effectiveness
(as defined below) relating to the Initial Registration Statement shall have been executed by the Company’s outside counsel and
delivered to the Transfer Agent, in each case directing the Transfer Agent to issue to the Investor or its designated Broker-Dealer all
of the Shares included in the Initial Registration Statement as DWAC Shares in accordance with this Agreement and the Registration Rights
Agreement.

 

(xix) Reservation of Shares. As of
the Commencement Date, the Company shall have reserved out of its authorized and unissued Common Stock a number of shares of Common Stock
equal to the Exchange Cap solely for the purpose of effecting VWAP Purchases under this Agreement.

 

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(xx) Opinions and
Negative Assurance of Company Counsel. On the Commencement Date, the Investor shall have received the opinions and negative
assurances from outside counsel to the Company, dated the Commencement Date, in the forms mutually agreed to by the Company and the
Investor prior to the Commencement Date.

 

(xxi) Comfort Letter of Accountant. On
the Commencement Date, the Investor shall have received from the Accountant or a successor independent registered public accounting firm
for the Company, a letter dated the Commencement Date addressed to the Investor, in form and substance reasonably satisfactory to the
Investor with respect to the audited and unaudited financial statements and certain financial information contained in the Registration
Statement and the Prospectus, and any Prospectus Supplement, except that the specific date referred to therein for the carrying out of
procedures shall be no more than three (3) business days prior to the Commencement Date.

 

(xxii) Research. Neither the Investor
nor any Affiliate of the Investor shall have, in the prior thirty (30) days, published or distributed any research report (as such term
is defined in Rule 500 of Regulation AC) concerning the Company.

 

(xxiii) Qualified Independent Underwriter.
If the Investor reasonably determines that a Qualified Independent Underwriter must participate in the transactions contemplated by the
Transaction Documents in order for such transactions to be in full compliance with FINRA’s rules, the Company and the Investor shall
have executed such documentation as may reasonably be required to engage a Qualified Independent Underwriter to participate in such transactions.

 

Section
7.3. [Reserved]

 

Section
7.4. Conditions Precedent to VWAP Purchases after Commencement Date. The right of the Company to deliver VWAP
Purchase Notices under this Agreement after the Commencement Date, and the obligation of the Investor to accept VWAP Purchase Notices
under this Agreement after the Commencement Date, are subject to the satisfaction of each of the conditions set forth in this Section
7.3 at the applicable VWAP Purchase Commencement Time for the VWAP Purchase to be effected pursuant to the applicable VWAP Purchase Notice
timely delivered by the Company to the Investor in accordance with this Agreement (each such time, a “VWAP Purchase Condition
Satisfaction Time”).

 

(i) Satisfaction of Certain Prior Conditions.
Each of the conditions set forth in subsections (ii), (vii) through (xiv), (xvii), (xviii) and (xxii) set forth in Section 7.2 shall be
satisfied at the applicable VWAP Purchase Condition Satisfaction Time after the Commencement Date (with the terms “Commencement”
and “Commencement Date” in the conditions set forth in subsections Section 7.2(ii) replaced with “applicable VWAP Purchase
Condition Satisfaction Time”); provided, however, that the Company shall not be required to deliver the Compliance
Certificate after the Commencement Date, except as provided in Section 6.15 and Section 7.3(v).

 

(ii) Accuracy of the Company’s
Representations and Warranties. The representations and warranties of the Company contained in this Agreement (a) that are
not qualified by “materiality” or “Material Adverse Effect” shall have been true and correct in all material
respects when made and shall be true and correct in all material respects as of the VWAP Purchase Condition Satisfaction Time with
the same force and effect as if made on such date, except to the extent such representations and warranties are as of another date,
in which case, such representations and warranties shall be true and correct in all material respects as of such other date and (b)
that are qualified by “materiality” or “Material Adverse Effect” shall have been true and correct when made
and shall be true and correct as of the VWAP Purchase Condition Satisfaction Time with the same force and effect as if made on such
date, except to the extent such representations and warranties are as of another date, in which case, such representations and
warranties shall be true and correct as of such other date.

 

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(iii) Initial Registration Statement Effective.
The Initial Registration Statement covering the resale by the Investor of the Registrable Securities included therein filed by the Company
with the Commission pursuant to Section 2(a) of the Registration Rights Agreement, and any post-effective amendment thereto required to
be filed by the Company with the Commission after the Commencement Date and prior to the applicable VWAP Purchase Date pursuant to the
Registration Rights Agreement, in each case shall have become effective under the Securities Act and shall remain effective for the applicable
Registration Period, and the Investor shall be permitted to utilize the Prospectus therein, and any Prospectus Supplement thereto, to
resell all of the Commitment Shares and the Shares included in the Initial Registration Statement, and any post-effective amendment thereto,
that have been issued and sold to the Investor hereunder pursuant to all VWAP Purchase Notices delivered by the Company to the Investor
prior to such applicable VWAP Purchase Date and all of the Shares included in the Initial Registration Statement, and any post-effective
amendment thereto, that are issuable pursuant to the applicable VWAP Purchase Notice delivered by the Company to the Investor with respect
to a VWAP Purchase to be effected hereunder on such applicable VWAP Purchase Date.

 

(iv) Any Required New Registration Statement
Effective. Any New Registration Statement covering the resale by the Investor of the Registrable Securities included therein,
and any post-effective amendment thereto, required to be filed by the Company with the Commission pursuant to the Registration Rights
Agreement after the Commencement Date and prior to the applicable VWAP Purchase Date, in each case shall have become effective under the
Securities Act and shall remain effective for the applicable Registration Period, and the Investor shall be permitted to utilize the Prospectus
therein, and any Prospectus Supplement thereto, to resell (a) all of the Commitment Shares and the Shares included in such New Registration
Statement, and any post-effective amendment thereto, that have been issued and sold to the Investor hereunder pursuant to all VWAP Purchase
Notices delivered by the Company to the Investor prior to such applicable VWAP Purchase Date and (b) all of the Shares included in such
new Registration Statement, and any post-effective amendment thereto, that are issuable pursuant to the applicable VWAP Purchase Notice
delivered by the Company to the Investor with respect to a VWAP Purchase to be effected hereunder on such applicable VWAP Purchase Date.

 

(v) Delivery of
Subsequent Irrevocable Transfer Agent Instructions and Notice of Effectiveness. With respect to any post-effective amendment
to the Initial Registration Statement, any New Registration Statement or any post-effective amendment to any New Registration
Statement, in each case becoming effective after the Commencement Date, the Company shall have delivered or caused to be delivered
to the Transfer Agent (a) irrevocable instructions in the form substantially similar to the Commencement Irrevocable Transfer Agent
Instructions executed by the Company and acknowledged in writing by the Transfer Agent and (b) the Notice of Effectiveness, in each
case modified as necessary to refer to such Registration Statement or post-effective amendment and the Registrable Securities
included therein, to issue the Registrable Securities included therein as DWAC Shares in accordance with the terms of this Agreement
and the Registration Rights Agreement.

 

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(vi) No Material Notices. None of the
following events shall have occurred and be continuing: (a) receipt of any request by the Commission or any other federal or state governmental
authority for any additional information relating to the Initial Registration Statement or any post-effective amendment thereto, any New
Registration Statement or any post-effective amendment thereto, or the Prospectus contained in any of the foregoing or any Prospectus
Supplement thereto, or for any amendment of or supplement to the Initial Registration Statement or any post-effective amendment thereto,
any New Registration Statement or any post-effective amendment thereto, or the Prospectus contained in any of the foregoing or any Prospectus
Supplement thereto; (b) the issuance by the Commission or any other federal or state governmental authority of any stop order suspending
the effectiveness of the Initial Registration Statement or any post-effective amendment thereto, any New Registration Statement or any
post-effective amendment thereto, or prohibiting or suspending the use of the Prospectus contained in any of the foregoing or any Prospectus
Supplement thereto, or of the suspension of qualification or exemption from qualification of the Shares for offering or sale in any jurisdiction,
or the initiation or contemplated initiation of any proceeding for such purpose; (c) the objection of FINRA to the terms of the transactions
contemplated by the Transaction Documents or (d) the occurrence of any event or the existence of any condition or state of facts, which
makes any statement of a material fact made in the Initial Registration Statement or any post-effective amendment thereto, any New Registration
Statement or any post-effective amendment thereto, or the Prospectus contained in any of the foregoing or any Prospectus Supplement thereto
untrue or which requires the making of any additions to or changes to the statements then made in the Initial Registration Statement or
any post-effective amendment thereto, any New Registration Statement or any post-effective amendment thereto, or the Prospectus contained
in any of the foregoing or any Prospectus Supplement thereto in order to state a material fact required by the Securities Act to be stated
therein or necessary in order to make the statements then made therein (in the case of the Prospectus or any Prospectus Supplement, in
the light of the circumstances under which they were made) not misleading, or which requires an amendment to the Initial Registration
Statement or any post-effective amendment thereto, any New Registration Statement or any post-effective amendment thereto, or the Prospectus
contained in any of the foregoing or any Prospectus Supplement thereto to comply with the Securities Act or any other law (other than
the transactions contemplated by the applicable VWAP Purchase Notice delivered by the Company to the Investor with respect to a VWAP Purchase
to be effected hereunder on such applicable VWAP Purchase Date and the settlement thereof). The Company shall have no Knowledge of any
event that could reasonably be expected to have the effect of causing the suspension of the effectiveness of the Initial Registration
Statement or any post-effective amendment thereto, any New Registration Statement or any post-effective amendment thereto, or the prohibition
or suspension of the use of the Prospectus contained in any of the foregoing or any Prospectus Supplement thereto in connection with the
resale of the Registrable Securities by the Investor.

 

(vii) Other Commission Filings.
The final Prospectus included in any post-effective amendment to the Initial Registration Statement, and any Prospectus Supplement
thereto, required to be filed by the Company with the Commission pursuant to Section 2.3 and the Registration Rights Agreement after
the Commencement Date and prior to the applicable VWAP Purchase Date, shall have been filed with the Commission in accordance with
Section 2.3 and the Registration Rights Agreement. The final Prospectus included in any New Registration Statement and in any
post-effective amendment thereto, and any Prospectus Supplement thereto, required to be filed by the Company with the Commission
pursuant to Section 2.3 and the Registration Rights Agreement after the Commencement Date and prior to the applicable VWAP Purchase
Date, shall have been filed with the Commission in accordance with Section 2.3 and the Registration Rights Agreement. All reports,
schedules, registrations, forms, statements, information and other documents required to have been filed by the Company with the
Commission pursuant to the reporting requirements of the Exchange Act, including all material required to have been filed pursuant
to Section 13(a) or 15(d) of the Exchange Act, after the Commencement Date and prior to the applicable VWAP Purchase Date, shall
have been filed with the Commission.

 

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(viii) No Suspension of Trading in or Notice
of Delisting of Common Stock. Trading in the Common Stock shall not have been suspended by the Commission, the Principal Market
or FINRA (except for any suspension of trading of limited duration agreed to by the Company, which suspension shall be terminated prior
to the applicable VWAP Purchase Date), the Company shall not have received any final and non-appealable notice that the listing or quotation
of the Common Stock on the Principal Market shall be terminated on a date certain (unless, prior to such date certain, the Common Stock
is listed or quoted on any Alternative Market), nor shall there have been imposed any suspension of, or restriction on, accepting additional
deposits of the Common Stock, electronic trading or book-entry services by DTC with respect to the Common Stock that is continuing, the
Company shall not have received any notice from DTC to the effect that a suspension of, or restriction on, accepting additional deposits
of the Common Stock, electronic trading or book-entry services by DTC with respect to the Common Stock is being imposed or is contemplated
(unless, prior to such suspension or restriction, DTC shall have notified the Company in writing that DTC has determined not to impose
any such suspension or restriction).

 

(ix) Certain Limitations. The issuance
and sale of the Shares issuable pursuant to the applicable VWAP Purchase Notice shall not (a) exceed the applicable VWAP Purchase Maximum
Amount, (b) cause the Aggregate Limit or the Beneficial Ownership Limitation to be exceeded, or (c) cause the Exchange Cap (to the extent
applicable under Section 3.3) to be exceeded, unless in the case of this clause (c), unless the Company’s stockholders have theretofore
approved the issuance of Common Stock under this Agreement in excess of the Exchange Cap in accordance with the applicable rules of the
Principal Market.

 

(x) Shares Authorized and Delivered.
All of the Shares issuable pursuant to the applicable VWAP Purchase Notice shall have been duly authorized by all necessary corporate
action of the Company. All Shares relating to all prior VWAP Purchase Notices required to have been received by the Investor as DWAC Shares
under this Agreement prior to the applicable VWAP Purchase Condition Satisfaction Time for the applicable VWAP Purchase shall have been
delivered to the Investor as DWAC Shares in accordance with this Agreement.

 

(xi) Bring-Down
Opinions of Company Counsel, Bring-Down Comfort Letters and Compliance Certificates. The Investor shall have received (a)
all Bring-Down Opinions which the Company was obligated to instruct its outside counsel to deliver prior to the applicable VWAP
Purchase Condition Satisfaction Time for the applicable VWAP Purchase, (b) all Bring-Down Comfort Letters which the Company was
obligated to instruct its Accountant to deliver prior to the applicable VWAP Purchase Condition Satisfaction Time for the applicable
VWAP Purchase and (c) all Compliance Certificates which the Company was obligated to deliver prior to the applicable VWAP Purchase
Condition Satisfaction Time for the applicable VWAP Purchase, in each case in accordance with Section 6.15.

 

(xii) Material Non-Public Information.
Neither the Company nor the Investor, shall be in possession of any material non-public information concerning the Company.

 

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ARTICLE VIII

TERMINATION

 

Section
8.1. Automatic Termination. Unless earlier terminated as provided hereunder, this Agreement shall terminate automatically
on the earliest to occur of (i) the first (1st) day of the month next following the 36-month anniversary of the Effective Date of the
Initial Registration Statement (it being hereby acknowledged and agreed that such term may not be extended by the parties hereto), (ii)
the date on which the Investor shall have purchased the Total Commitment worth of Shares pursuant to this Agreement, (iii) the date on
which the Common Stock shall have failed to be listed or quoted on the Principal Market or any Alternative Market, (iv) the date on which,
pursuant to or within the meaning of any Bankruptcy Law, the Company commences a voluntary case or any Person commences a proceeding against
the Company which is not discharged within 30 days, a Custodian is appointed for the Company or for all or substantially all of its property,
or the Company makes a general assignment for the benefit of its creditors, and (v) the termination of the Merger Agreement prior to the
closing of the Mergers.

 

Section
8.2. Other Termination. Subject to Section 8.3, the Company may terminate this Agreement after the
Commencement Date effective upon three (3) Trading Days’ prior written notice to the Investor in accordance with Section 10.4; provided, however,
that (i) the Company shall have issued the Commitment Shares to the Investor required to be paid pursuant to Section 10.1(ii) of
this Agreement prior to such termination, and (ii) prior to issuing any press release, or making any public disclosure, with respect
to such termination, the Company shall make its reasonable best efforts to provide the Investor and its counsel with an opportunity
to review and comment on the form and substance of such press release or other disclosure and the Company’s consent to amend
such press release or other disclosure to reflect any comments from the Investor or its counsel shall not be unreasonably withheld.
Subject to Section 8.3, this Agreement may be terminated at any time by the mutual written consent of the parties, effective as of
the date of such mutual written consent unless otherwise provided in such written consent. Subject to Section 8.3, the Investor
shall have the right to terminate this Agreement effective upon three (3) Trading Days’ prior written notice to the Company,
which notice shall be made in accordance with Section 10.4 of this Agreement, if: (a) any condition, occurrence, state of facts or
event constituting a Material Adverse Effect has occurred and is continuing or prior to Commencement, constituting a failure of a
condition set forth in Section 7.2 or Section 7.3, which cannot be reasonably cured by the Company within fifteen (15) days; (b) a
Fundamental Transaction shall have occurred; (c) the Company is in breach or default in any material respect of any of its covenants
and agreements in the Registration Rights Agreement, and, if such breach or default is capable of being cured, such breach or
default is not cured within fifteen (15) Trading Days after notice of such breach or default is delivered to the Company pursuant to
Section 10.4 of this Agreement; (d) while a Registration Statement, or any post-effective amendment thereto, is required to be
maintained effective pursuant to the terms of the Registration Rights Agreement and the Investor holds any Registrable Securities,
the effectiveness of such Registration Statement, or any post-effective amendment thereto, lapses for any reason (including, without
limitation, the issuance of a stop order by the Commission) or such Registration Statement or any post-effective amendment thereto,
the Prospectus contained therein or any Prospectus Supplement thereto otherwise becomes unavailable to the Investor for the resale
of all of the Registrable Securities included therein in accordance with the terms of the Registration Rights Agreement, and such
lapse or unavailability continues for a period of forty-five (45) consecutive Trading Days or for more than an aggregate of ninety
(90) Trading Days in any three hundred and sixty-five (365)-day period, other than due to acts of the Investor; (e) trading in the
Common Stock on the Principal Market (or if the Common Stock is then listed on a Principal Market, trading in the Common Stock on
such Principal Market) shall have been suspended and such suspension continues for a period of five (5) consecutive Trading Days; or
(f) the Company is in material breach or default of any of its covenants and agreements contained in this Agreement, and, if such
breach or default is capable of being cured, such breach or default is not cured within fifteen (15) Trading Days after notice of
such breach or default is delivered to the Company pursuant to Section 10.4 of this Agreement. In addition, the Investor shall have
the right to terminate this Agreement immediately if, on the seventh Trading Day following the closing of the Mergers, the aggregate
market value of the outstanding voting and non-voting common equity (as defined in Securities Act Rule 405) of the Company, is less
than $100 million (calculated by multiplying (x) the price at which the common equity of the Company on the Principal Market on such
date by (y) the number of outstanding shares of such date) as of that date. Unless notification thereof is required elsewhere in
this Agreement (in which case such notification shall be provided in accordance with such other provision), the Company shall
promptly (but in no event later than twenty-four (24) hours) notify the Investor (and, if required under applicable law, including,
without limitation, Regulation FD promulgated by the Commission, or under the applicable rules and regulations of the Principal
Market (or if the Common Stock is then listed on a Principal Market, trading in the Common Stock on such Principal Market), the
Company shall publicly disclose such information in accordance with Regulation FD and the applicable rules and regulations of the
Principal Market (or such Principal Market, as applicable)) upon becoming aware of any of the events set forth in the immediately
preceding sentence.

 

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Section
8.3. Effect of Termination. In the event of termination by the Company or the Investor (other than by
mutual termination) pursuant to Section 8.2, written notice thereof shall forthwith be given to the other party as provided in
Section 10.4 and the transactions contemplated by this Agreement shall be terminated without further action by either party. If this
Agreement is terminated as provided in Section 8.1 or Section 8.2, this Agreement shall become void and of no further force and
effect, except that (i) the provisions of Article V (Representations, Warranties and Covenants of the Company), Article IX
(Indemnification), Article X (Miscellaneous) and this Article VIII (Termination) shall remain in full force and effect indefinitely
notwithstanding such termination, and, (ii) so long as the Investor owns any Shares, the covenants and agreements of the Company
contained in Article VI (Additional Covenants) shall remain in full force and notwithstanding such termination for a period of
thirty (30) days following such termination. Notwithstanding anything in this Agreement to the contrary, no termination of this
Agreement by any party shall (i) become effective prior to the second (2nd) Trading Day immediately following the date on which the
purchase of Shares by the Investor pursuant to any pending VWAP Purchase has been fully settled, including, without limitation, the
delivery by the Company to the Investor of all Shares purchased by the Investor pursuant to such pending VWAP Purchase as DWAC
Shares on the applicable VWAP Purchase Share Delivery Date therefor, and the delivery by the Investor to the Company of the
aggregate VWAP Purchase Price payable by the Investor for such Shares, in each case in accordance with the settlement procedures set
forth in Section 3.2 of this Agreement (it being hereby acknowledged and agreed that no termination of this Agreement shall limit,
alter, modify, change or otherwise affect any of the Company’s or the Investor’s rights or obligations under the
Transaction Documents with respect to any pending VWAP Purchase that has not fully settled, and that the parties shall fully perform
their respective obligations with respect to any such pending VWAP Purchase under the Transaction Documents), (ii) limit, alter,
modify, change or otherwise affect the Company’s or the Investor’s rights or obligations under the Registration Rights
Agreement, all of which shall survive any such termination, or (iii) affect the Commitment Shares payable to the Investor pursuant
to Section 10.1(ii), it being hereby acknowledged and agreed that all of the Commitment Shares shall be fully earned by the Investor
and shall be non-refundable as of the closing of the Mergers, regardless of whether any VWAP Purchases are made or settled hereunder
or any subsequent termination of this Agreement. Nothing in this Section 8.3 shall be deemed to release the Company or the Investor
from any liability for any breach or default under this Agreement, the Registration Rights Agreement or any of the other Transaction
Documents to which it is a party, or to impair the rights of the Company and the Investor to compel specific performance by the
other party of its obligations under this Agreement, the Registration Rights Agreement or any of the other Transaction Documents to
which it is a party.

 

ARTICLE IX

INDEMNIFICATION

 

Section
9.1. Indemnification of Investor. In consideration of the Investor’s execution and delivery of this
Agreement and acquiring the Shares hereunder and in addition to all of the Company’s other obligations under the Transaction
Documents to which it is a party, subject to the provisions of this Section 9.1, the Company shall indemnify and hold harmless the
Investor, its Affiliates, each of their respective directors, officers, shareholders, members, partners, employees, representatives
and agents (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding the lack of
such title or any other title), each Person, if any, who controls the Investor (within the meaning of Section 15 of the Securities
Act or Section 20(a) of the Exchange Act), and the respective directors, officers, shareholders, members, partners, employees,
representatives and agents (and any other Persons with a functionally equivalent role of a Person holding such titles
notwithstanding the lack of such title or any other title) of such controlling Persons (each, an “Investor
Party”), each of which shall be an express third-party beneficiary of this Article IX, from and against all losses,
liabilities, obligations, claims, contingencies, damages, costs and expenses (including all judgments, amounts paid in settlement,
court costs, reasonable attorneys’ fees and costs of defense and investigation) (collectively,
“Damages”) that any Investor Party may suffer or incur (a) as a result of, relating to or arising out of
or based upon any untrue statement or alleged untrue statement of a material fact contained in any Commission Document (or any
amendment thereto), or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary to
make the statements therein not misleading, or arising out of any untrue statement or alleged untrue statement of a material fact
included in any Commission Document, or the omission or alleged omission therefrom of a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading; provided, however,
that this indemnity (a) shall not apply to any loss, liability, claim, damage or expense to the extent arising out of an untrue
statement or omission, or alleged untrue statement or omission in a Commission Document, made in reliance upon and in conformity
with information furnished in writing to the Company by the Investor expressly for use in connection with the preparation of the
Registration Statement, Prospectus or Prospectus Supplement or any such amendment thereof or supplement thereto (it being hereby
acknowledged and agreed that the written information set forth on Exhibit C to the Registration Rights Agreement is the only
written information furnished to the Company by or on behalf of the Investor expressly for use in any Registration Statement,
Prospectus or Prospectus Supplement), (b) to the extent of the aggregate amount paid in settlement of any litigation, or any
investigation or proceeding by any Governmental Authority, commenced or threatened, or of any claim whatsoever based upon any such
untrue statement or omission, or any such alleged untrue statement or omission; provided that any such settlement is effected
with the written consent of the Company, which consent shall not unreasonably be delayed, conditioned or withheld, (c) in
investigating, preparing or defending against any litigation, or any investigation or proceeding by any Governmental Authority,
commenced or threatened, or any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue
statement or omission (whether or not a party), to the extent that any such expense is not paid under (a) or (b) above,
(d) as a result of, relating to or arising out of any breach by the Company of its representations, warranties, covenants or
agreements under this Agreement, or (e) as a result of, relating to or arising out of any other action, suit, claim or proceeding
against an Investor Party arising out of or otherwise in connection with the Transaction Documents (except solely to the extent in
the case of this subsection (e), to the extent any Damage is determined by a court of competent jurisdiction, not subject to further
appeal, to have resulted primarily and directly from the bad faith or gross negligence of such Investor Party).

 

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The Company shall reimburse any Investor Party promptly upon demand
(with accompanying presentation of documentary evidence) for all legal and other costs and expenses reasonably incurred by such Investor
Party in connection with (i) any action, suit, claim or proceeding, whether at law or in equity, to enforce compliance by the Company
with any provision of the Transaction Documents or (ii) any other any action, suit, claim or proceeding, whether at law or in equity,
with respect to which it is entitled to indemnification under this Section 9.1.

 

To the extent that the foregoing undertakings by the Company set forth
in this Section 9.1 may be unenforceable for any reason, the Company shall make the maximum contribution to the payment and satisfaction
of each of the Damages which is permissible under applicable law, provided that in no event shall the Investor be obligated to contribute
any amount in excess of the fees it actually receives pursuant to this Agreement.

 

Section 9.2. Indemnification of the
Company. In consideration of the Company’s execution and delivery of this Agreement and sale of the Shares hereunder
and in addition to all of the Investor’s other obligations under the Transaction Documents to which it is a party, subject to
the provisions of this Section 9.2, the Investor shall indemnify and hold harmless the Company, its affiliates, each of their
respective directors, officers, shareholders, members, partners, employees, representatives and agents (and any other Persons with a
functionally equivalent role of a Person holding such titles notwithstanding the lack of such title or any other title) and each
Person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act, and each of the directors,
officers, shareholders, members, partners, employees, agents, and representatives (and any other Persons with a functionally
equivalent role of a Person holding such titles notwithstanding the lack of such title or any other title) of such controlling
person (each, a “Company Party”), from and against Damages that any Company Party may suffer or incur in connection with
the claims described in clauses (a), (b), and (c) of Section 9.1; provided that, such indemnity shall only be required if the
Damages occurred as a result of an untrue statement or omission, or alleged untrue statement or omission in a Commission Document,
made in reliance upon and in conformity with information furnished in writing to the Company by the Investor for the Company’s
express for use in connection with the preparation of the Registration Statement, Prospectus or Prospectus Supplement or any such
amendment thereof or supplement thereto (it being hereby acknowledged and agreed that the written information set forth on Exhibit B
to this Agreement is the only written information furnished to the Company by or on behalf of the Investor expressly for use in any
Registration Statement, Prospectus or Prospectus Supplement).

 

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Section
9.3. Indemnification Procedures.

 

(i) Promptly after an
Investor Party receives notice of a claim or the commencement of an action for which the Investor Party intends to seek
indemnification under Section 9.1, the Investor Party will notify the Company in writing of the claim or commencement of the action,
suit or proceeding; provided, however, that failure to notify the Company will not relieve the Company from liability
under Section 9.1, unless and solely to the extent it has been materially prejudiced by the failure to give such notice as evidenced
by the forfeiture by the Company of substantive rights or defenses. The Company will be entitled to participate in the defense of
any claim, action, suit or proceeding as to which indemnification is being sought, and if the Company acknowledges in writing the
obligation to indemnify the Investor Party against whom the claim or action is brought, the Company may (but will not be required
to) assume the defense against the claim, action, suit or proceeding with counsel satisfactory to the Investor Party. After the
Company notifies the Investor Party that the Company wishes to assume the defense of a claim, action, suit or proceeding, the
Company will not be liable for any further legal or other expenses incurred by the Investor Party in connection with the defense
against the claim, action, suit or proceeding unless (a) the employment of counsel by the Investor Party has been authorized in
writing by the Company, (b) the Investor Party has reasonably concluded (based on advice of counsel) that there may be legal
defenses available to it or another Investor Party that are different from or in addition to those available to the Company, (c) a
conflict or potential conflict exists (based on advice of counsel to the Investor Party) between an Investor Party and the Company
(in which case the Company will not have the right to direct the defense of such action on behalf of the indemnified party) or (d)
the Company has not in fact employed counsel to assume the defense of such action or counsel reasonably satisfactory to the
indemnified party, in each case, within a reasonable time after receiving notice of the commencement of the action; in each of which
cases the reasonable fees, disbursements and other charges of counsel will be at the expense of the Company. It is understood that
the Company shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the
reasonable fees, disbursements and other charges of more than one separate firm (plus local counsel) admitted to practice in such
jurisdiction at any one time for all such similarly situated Investor Parties. The Company will not be liable for any settlement of
any action effected without its prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned. The
Company shall not, without the prior written consent of each indemnified party, settle or compromise or consent to the entry of any
judgment in any pending or threatened claim, action or proceeding relating to the matters contemplated by this section (whether or
not any indemnified party is a party thereto), unless such settlement, compromise or consent (x) includes an express and
unconditional release of each indemnified party, in form and substance reasonably satisfactory to such indemnified party, from all
liability arising out of such litigation, investigation, proceeding or claim and (y) does not include a statement as to or an
admission of fault, culpability or a failure to act by or on behalf of any indemnified party.

 

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(ii) In order to provide
for just and equitable contribution in circumstances in which the indemnification provided for in the foregoing paragraphs of this
Article IX for any reason is held to be unavailable or insufficient to hold an Investor Party harmless, the Company and the Investor
Party will contribute to the total losses, claims, liabilities, expenses and damages (including any investigative, legal and other
expenses reasonably incurred in connection with, and any amount paid in settlement of, any action, suit or proceeding or any claim
asserted) to which the Company and the Investor Party may be subject in such proportion as shall be appropriate to reflect the
relative benefits received by the Company on the one hand and the Investor on the other hand. The relative benefits received by the
Company on the one hand and the Investor Party on the other hand shall be deemed to be in the same proportion as the total net
proceeds from the aggregate of all VWAP Purchase Amounts (before deducting expenses) received by the Company bear to the total
proceeds received by the Investor for the sale of Shares to bona fide third parties net of the aggregate VWAP Purchase Price paid to
the Company therefor under this Agreement. If, but only if, the allocation provided by the foregoing sentence is not permitted by
applicable law, the allocation of contribution shall be made in such proportion as is appropriate to reflect not only the relative
benefits referred to in the foregoing sentence but also the relative fault of the Company, on the one hand, and the Investor Party,
on the other hand, with respect to the statements or omission that resulted in such loss, claim, liability, expense or damage, or
action in respect thereof, as well as any other relevant equitable considerations with respect to such offering. Such relative fault
shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or
omission or alleged omission to state a material fact relates to information supplied by the Company or the Investor Party, the
intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or
omission. The Company and the Investor agree that it would not be just and equitable if contributions pursuant to this Section
9.3(ii) were to be determined by pro rata allocation or by any other method of allocation that does not take into account the
equitable considerations referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim,
liability, expense, or damage, or action in respect thereof, referred to above in this Section 9.3(ii) shall be deemed to include,
for the purpose of this Section 9.3(ii), any legal or other expenses reasonably incurred by such indemnified party in connection
with investigating or defending any such action or claim to the extent consistent with Section 9.3(i) hereof. Notwithstanding the
foregoing provisions of this Section 9.3(ii), the Investor shall not be required to contribute any amount in excess of the aggregate
discount to the VWAP for all purchases made under this Agreement and no person found guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. For purposes of this Section 9.3(ii), any person who controls a party to this Agreement within the
meaning of the Securities Act, any Affiliates of the Investor Party and any officers, directors, partners, employees or agents of
the Investor Party or any of its Affiliates, will have the same rights to contribution as that party, and each director of the
Company and each officer of the Company who signed the Registration Statement will have the same rights to contribution as the
Company, subject in each case to the provisions hereof. Any party entitled to contribution, promptly after receipt of notice of
commencement of any action against such party in respect of which a claim for contribution may be made under this Section 9.3(ii),
will notify any such party or parties from whom contribution may be sought, but the omission to so notify will not relieve that
party or parties from whom contribution may be sought from any other obligation it or they may have under this Section 9.3(ii)
except to the extent that the failure to so notify such other party materially prejudiced the substantive rights or defenses of the
party from whom contribution is sought. No party will be liable for contribution with respect to any action or claim settled without
its written consent if such consent is required pursuant to Section 9.3(i) hereof.

 

The remedies provided for in this Article IX are not exclusive and
shall not limit any rights or remedies which may otherwise be available to any Investor Party at law or in equity.

 

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ARTICLE X

MISCELLANEOUS

 

Section
10.1. Certain Fees and Expenses; Commitment Shares; Commencement Irrevocable Transfer Agent Instructions.

 

(i) Certain Fees and Expenses. Each
party shall bear its own fees and expenses related to the transactions contemplated by this Agreement except that the Company will reimburse
the fees and disbursements of legal counsel to the Investor in an amount not to exceed $75,000 incurred in connection with the entry into
this Agreement. In addition, in the event that the Company engages a Qualified Independent Underwriter in accordance with Section 7.2(xxiii),
the Company shall bear the fees and expenses of such Qualified Independent Underwriter in an amount not to exceed $50,000, with the remainder
of any such fees and expenses being paid by the Investor. The Company shall pay all U.S. federal, state and local stamp and other similar
transfer and other taxes and duties levied in connection with issuance of the Shares pursuant hereto.

 

(ii) Commitment
Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall issue to the
Investor the Commitment Shares on or prior to the Commencement Date, by transfer of the Commitment Shares to an account designated
by the Investor, and will provide Investor, not later than 4:00 P.M. New York City time on the Trading Day immediately prior to the
Commencement Date, one or more book-entry statement(s) representing such Commitment Shares in the name of the Investor or its
designee. For the avoidance of doubt, the Commitment Shares shall be fully earned by the Investor and shall be non-refundable,
regardless of whether any VWAP Purchases are made or settled hereunder or any subsequent termination of this Agreement. Upon
issuance, the Commitment Shares shall constitute “restricted securities” as such term is defined in Rule 144(a)(3) under
the Securities Act and, subject to the provisions of subsection (v) of this Section 10.1, the certificate or book-entry statement
representing the Commitment Shares shall bear the restrictive legend set forth below in subsection (iv) of this Section 10.1. The
Commitment Shares shall constitute Registrable Securities and shall be included in the Initial Registration Statement and any
post-effective amendment thereto, and the Prospectus included therein and, if necessary to register the resale thereof by the
Investor under the Securities Act, in any New Registration Statement and any post-effective amendment thereto, in each case in
accordance with this Agreement and the Registration Rights Agreement.

 

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(iii) Legends. The certificate(s)
or book entry statement(s) representing the Commitment Shares issued prior to the Effective Date of the Initial Registration Statement,
except as set forth below, shall bear a restrictive legend in substantially the following form (and stop transfer instructions may be
placed against transfer of the Commitment Shares):

 

THE OFFER AND SALE OF THE SECURITIES REPRESENTED
HEREBY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR APPLICABLE STATE
SECURITIES LAWS. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE ACT OR APPLICABLE STATE SECURITIES LAWS, UNLESS SOLD PURSUANT
TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.

 

(iv) Irrevocable
Transfer Agent Instructions; Notice of Effectiveness. On the Effective Date of the Initial Registration Statement and prior
to Commencement, the Company shall deliver or cause to be delivered to its Transfer Agent, (a) irrevocable instructions executed by
the Company to be acknowledged in writing by the Company’s Transfer Agent (the “Commencement Irrevocable Transfer
Agent Instructions”) and (b) the notice of effectiveness in the form attached as an exhibit to the Registration Rights
Agreement (the “Notice of Effectiveness”) relating to the Initial Registration Statement executed by the
Company’s outside counsel, in each case directing the Transfer Agent to issue to the Investor or its designated Broker-Dealer
at which the account or accounts to be credited with the Shares being purchased by the Investor are maintained any Registrable
Securities included in the Initial Registration Statement as DWAC Shares, if and when such Registrable Securities are issued in
accordance with this Agreement and the Registration Rights Agreement. With respect to any post-effective amendment to the Initial
Registration Statement, any New Registration Statement or any post-effective amendment to any New Registration Statement, in each
case declared effective by the Commission after the Commencement Date, the Company shall deliver or cause to be delivered to its
Transfer Agent (x) irrevocable instructions in the form substantially similar to the Commencement Irrevocable Transfer Agent
Instructions executed by the Company and to be acknowledged in writing by the Transfer Agent and (y) the Notice of Effectiveness, in
each case modified as necessary to refer to such Registration Statement or post-effective amendment and the Registrable Securities
included therein, to issue the Registrable Securities included therein as DWAC Shares in accordance with the terms of this Agreement
and the Registration Rights Agreement. For the avoidance of doubt, all Shares to be issued in respect of any VWAP Purchase Notice
delivered to the Investor pursuant to this Agreement shall be issued to the Investor in accordance with Section 3.2 by crediting the
Investor’s account at DTC as DWAC Shares, and the Company shall not take any action or give instructions to any Transfer Agent
of the Company otherwise. The Company represents and warrants to the Investor that, while this Agreement is effective, no
instruction other than those referred to in this Section 10.1(iii) will be given by the Company to its Transfer Agent with respect
to the Shares from and after Commencement, and the Registrable Securities covered by the Initial Registration Statement or any
post-effective amendment thereof, or any New Registration Statement or post-effective amendment thereof, as applicable, shall
otherwise be freely transferable on the books and records of the Company and no stop transfer instructions shall be maintained
against the transfer thereof. The Company agrees that if the Company fails to fully comply with the provisions of this Section
10.1(iii) within three (3) Trading Days after the date on which the Investor has provided any deliverables that the Investor may be
required to provide to the Company or its Transfer Agent (if any), the Company shall, at the Investor’s written instruction,
purchase from the Investor all shares of Common Stock purchased or acquired by the Investor pursuant to this Agreement that contain
any restrictive legend or that have any stop transfer orders maintained that prohibit or impede the transfer thereof in any respect
at the greater of (i) the purchase price paid by the Investor for such shares of Common Stock (as applicable) and (ii) the Closing
Sale Price of the Common Stock on the date of the Investor’s written instruction.

 

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Section
10.2. Specific Enforcement; Consent to Jurisdiction; Waiver of Jury Trial.

 

(i) The Company and the Investor acknowledge
and agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance
with their specific terms or were otherwise breached. It is accordingly agreed that either party shall be entitled to an injunction or
injunctions to prevent or cure breaches of the provisions of this Agreement by the other party and to enforce specifically the terms and
provisions hereof (without the necessity of showing economic loss and without any bond or other security being required), this being in
addition to any other remedy to which either party may be entitled by law or equity.

 

(ii) Each of the Company and the Investor (a) hereby
irrevocably submits to the jurisdiction of the U.S. District Court and other courts of the United States sitting in the State of New York
for the purposes of any suit, action or proceeding arising out of or relating to this Agreement, and (b) hereby waives, and agrees not
to assert in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such court, that
the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding is improper. Each
of the Company and the Investor consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing in this Section 10.2 shall affect or limit any right to serve process in any other manner
permitted by law.

 

(iii) EACH OF THE COMPANY
AND THE INVESTOR HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR DISPUTES RELATING HERETO. EACH OF THE COMPANY AND THE INVESTOR (A) CERTIFIES THAT 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 AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.2.

 

    44

     

    

 

Section
10.3. Entire Agreement. The Transaction Documents set forth the entire agreement and understanding of the parties
with respect to the subject matter hereof and supersede all prior and contemporaneous agreements, negotiations and understandings between
the parties, both oral and written, with respect to such matters. There are no promises, undertakings, representations or warranties by
either party relative to subject matter hereof not expressly set forth in the Transaction Documents. The Disclosure Schedule and all exhibits
to this Agreement are hereby incorporated by reference in, and made a part of, this Agreement as if set forth in full herein.

 

Section
10.4. Notices. Any notice, demand, request, waiver or other communication required or permitted to be given hereunder
shall be in writing and shall be effective (a) upon hand delivery or electronic mail delivery at the address or number designated below
(if delivered on a business day during normal business hours where such notice is to be received), or the first (1st) business day following
such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the
second (2nd) business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon
actual receipt of such mailing, whichever shall first occur. The address for such communications shall be:

 

	If to the Company prior to the consummation of the Mergers:
	 
	KludeIn I Acquisition Corp.
	1096 Keeler Avenue
	Berkeley, California 94708
	Attn: Mini Krishnamoorthy
	Telephone: (650) 246-9907
	Email:	mk@kludein.com
	 	 
	With a copy (which shall not constitute notice) to:
	 
	Ellenoff Grossman & Schole LLP
	1345 Avenue of the Americas, 11th Floor
	New York, New York 10105
	Attn:	Douglas S. Ellenoff, Esq.
	 	Matthew A. Gray, Esq.
	Facsimile No.: (212) 370-7889
	Telephone No.: (212) 370-1300
	Email:	ellenoff@egsllp.com
	 	mgray@egsllp.com

 

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	If to the Company following consummation of the Mergers:
	 	 
	Near Intelligence, Inc.
	100W Walnut St
	STE A-4
	Pasadena, California 91124
	Attn: Anil Mathews
	Telephone No.: (415) 271-2500
	Email:	anil@near.com
	 	 
	With a copy (which shall not constitute notice) to:
	 
	Kirkland & Ellis
	26th Floor, Gloucester Tower, The Landmark
	15 Queen’s Road Central
	Hong Kong Attn: Daniel Dusek and Joseph Raymond Casey
	Facsimile No.: +852 3761 3301
	Telephone No.: +852 3761 9140
	Email:	daniel.dusek@kirkland.com;
	joseph.casey@kirkland.com	 
	and
	 
	Kirkland & Ellis LLP
	601 Lexington Avenue
	New York, New York 10022
	Attn:	Tamar Donikyan
	Facsimile No.:	+1 (212) 446 4900
	Telephone No.:	+1 (212) 909 3421
	Email: tamar.donikyan@kirkland.com
	 
	and	 
	 	 
	Ellenoff Grossman & Schole LLP
	1345 Avenue of the Americas, 11th Floor
	New York, New York 10105
	Attn:	Douglas S. Ellenoff, Esq.
	 	Matthew A. Gray, Esq.
	Facsimile No.: (212) 370-7889
	Telephone No.: (212) 370-1300
	Email:	ellenoff@egsllp.com
	 	mgray@egsllp.com

 

    46

     

    

 

	If to the Investor:
	 
	CF Principal Investments LLC
	499 Park Avenue
	New York, NY 10022
	Attention: COO
	Email:	CFPINotices@cantor.com
	 	 
	and:	 
	 	 
	CF Principal Investments LLC 499 Park Avenue
	New York, NY 10022
	Attention: General Counsel
	Facsimile:  (212) 829-4708
	Email: #legal-IBD@cantor.com
	 
	With a copy (which shall not constitute notice) to:
	 
	King & Spalding LLP
	1185 6th Avenue, Floor 34
	New York, NY 10036
	Telephone Number: 212-556-2100
	Email:	kmanz@kslaw.com
	Attention: Kevin E. Manz, Esq.

 

Either party hereto may from time to time change its address for notices
by giving at least five (5) days’ advance written notice of such changed address to the other party hereto.

 

Section
10.5. Waivers. No provision of this Agreement may be waived by the parties from and after the date that is one
(1) Trading Day immediately preceding the filing of the Initial Registration Statement with the Commission. Subject to the immediately
preceding sentence, no provision of this Agreement may be waived other than in a written instrument signed by the party against whom enforcement
of such waiver is sought. No failure or delay in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof,
nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercises thereof or of any other
right, power or privilege.

 

Section
10.6. Amendments. No provision of this Agreement may be amended by the parties from and after the date that is
one (1) Trading Day immediately preceding the filing of the Initial Registration Statement with the Commission. Subject to the immediately
preceding sentence, no provision of this Agreement may be amended other than by a written instrument signed by both parties hereto.

 

    47

     

    

 

Section
10.7. Headings. The article, section and subsection headings in this Agreement are for convenience only and
shall not constitute a part of this Agreement for any other purpose and shall not be deemed to limit or affect any of the provisions
hereof. Unless the context clearly indicates otherwise, each pronoun herein shall be deemed to include the masculine, feminine,
neuter, singular and plural forms thereof. The terms “including,” “includes,” “include” and
words of like import shall be construed broadly as if followed by the words “without limitation.” The terms
“herein,” “hereunder,” “hereof” and words of like import refer to this entire Agreement instead
of just the provision in which they are found.

 

Section
10.8. Construction. The parties agree that each of them and their respective counsel has reviewed and had an
opportunity to revise the Transaction Documents and, therefore, the normal rule of construction to the effect that any ambiguities are
to be resolved against the drafting party shall not be employed in the interpretation of the Transaction Documents. In addition, each
and every reference to share prices and number of shares of Common Stock in any Transaction Document shall, in all cases, be subject to
adjustment for any stock splits, stock combinations, stock dividends, recapitalizations, reorganizations and other similar transactions
that occur on or after the date of this Agreement. Any reference in this Agreement to “Dollars” or “$” shall mean
the lawful currency of the United States of America. Any references to “Section” or “Article” in this Agreement
shall, unless otherwise expressly stated herein, refer to the applicable Section or Article of this Agreement.

 

Section
10.9. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors. Neither the Company nor the Investor may assign this Agreement or any of their respective rights or obligations
hereunder to any Person.

 

Section
10.10. No Third Party Beneficiaries. Except as expressly provided in Article IX, this Agreement is intended only
for the benefit of the parties hereto and their respective successors, and is not for the benefit of, nor may any provision hereof be
enforced by, any other Person.

 

Section
10.11. Governing Law. This Agreement shall be governed by and construed in accordance with the internal procedural
and substantive laws of the State of New York, without giving effect to the choice of law provisions of such state that would cause the
application of the laws of any other jurisdiction.

 

Section
10.12. Survival. The representations, warranties, covenants and agreements of the Company and the Investor contained
in this Agreement shall survive the execution and delivery hereof until the termination of this Agreement; provided, however,
that (i) the provisions of Article VIII (Termination), Article IX (Indemnification) and this Article X (Miscellaneous) shall remain in
full force and effect indefinitely notwithstanding such termination, and, (ii) so long as the Investor owns any Shares, the covenants
and agreements of the Company and the Investor contained in Article VI (Additional Covenants), shall remain in full force and effect notwithstanding
such termination for a period of thirty (30) days following such termination.

 

Section
10.13. Counterparts. This Agreement may be executed in two or more identical counterparts, all of which
shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and
delivered to the other party; provided that a facsimile signature or signature delivered by e-mail in a “.pdf”
format data file, including any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com,
www.echosign.adobe.com, etc., shall be considered due execution and shall be binding upon the signatory thereto with the same force
and effect as if the signature were an original signature.

 

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Section 10.14. Publicity.
The Company shall afford the Investor and its counsel a reasonable opportunity to review and comment upon, shall consult with the Investor
and its counsel on the form and substance of, and shall give due consideration to all such comments from the Investor or its counsel
on, any press release, Commission filing or any other public disclosure made by or on behalf of the Company relating to the Investor,
its purchases hereunder or any aspect of the Transaction Documents or the transactions contemplated thereby, prior to the issuance, filing
or public disclosure thereof. For the avoidance of doubt, the Company shall not be required to submit for review any such disclosure
(i) contained in periodic reports filed with the Commission under the Exchange Act if it shall have previously provided the same disclosure
to the Investor or its counsel for review in connection with a previous filing or (ii) any Prospectus Supplement if it contains disclosure
that does not reference the Investor, its purchases hereunder or any aspect of the Transaction Documents or the transactions contemplated
thereby.

 

Section
10.15. Severability. The provisions of this Agreement are severable and, in the event that any court of competent
jurisdiction shall determine that any one or more of the provisions or part of the provisions contained in this Agreement shall, for any
reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect
any other provision or part of a provision of this Agreement, and this Agreement shall be reformed and construed as if such invalid or
illegal or unenforceable provision, or part of such provision, had never been contained herein, so that such provisions would be valid,
legal and enforceable to the maximum extent possible.

 

Section
10.16. Trust Account Waiver

 

Section
10.17.  Notwithstanding anything else in this Agreement, the Investor acknowledges that it has read the Company’s
prospectus dated January 6, 2021, and understands that the Company has established a trust account at J.P. Morgan Chase Bank, N.A. (the
“Trust Fund”) for the benefit of the Company’s public shareholders and that the Company may disburse
monies from the Trust Fund only (a) to the Company’s public shareholders in the event they elect to convert their
ordinary shares into cash in accordance with the Company’s amended and restated memorandum and articles of association and/or
the liquidation of the Company or (b) to the Company after, or concurrently with, the consummation of a business combination.
The Investor further acknowledges that, if the transactions contemplated by the Merger Agreement, or, upon termination of the Merger
Agreement, another business combination, are not consummated within 18 months from the closing of the Company's initial public offering, or such later date as shall be set forth in an amendment
to the Company’s amended and restated memorandum and articles of association for the purpose of extending the date by which
the Company must complete a business combination, the Company will be obligated to return to its shareholders the amounts being held
in the Trust Fund (including any distributions therefrom). Accordingly, the Investor, on behalf of itself and its Affiliates, hereby
waives all rights, title, interest or claim of any kind against the Company to collect from the Trust Fund (including any
distributions therefrom) any monies that may be owed to them by the Company for any reason whatsoever, including but not limited to
a breach of this Agreement by the Company or any negotiations, agreements or understandings with the Company (whether in the past,
present or future), and will not seek recourse against the Trust Fund (including any distributions therefrom) at any time for any
reason whatsoever, provided that nothing in this Agreement or this paragraph shall supplement, amend, limit, modify or otherwise
affect any rights with respect to, or recourse or interests in, the Trust Account that any Affiliate of Investor may have as a
shareholder of the Company. This paragraph will survive the termination of this Agreement for any reason, but, notwithstanding
anything set forth herein, will not limit the rights of the Company or its shareholders at or following the Commencement.

 

Section
10.18. Further Assurances. From and after the Commencement Date, upon the request of the Investor or the Company,
each of the Company and the Investor shall execute and deliver such instrument, documents and other writings as may be reasonably necessary
or desirable to confirm and carry out and to effectuate fully the intent and purposes of this Agreement.

 

    49

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement
to be duly executed by their respective authorized officer as of the date first above written.

 

	 	KludeIn I Acquisition Corp.
	 	 	 
	 	By:	/s/ Mini Krishnamoorthy
	 	Name: 	Mini Krishnamoorthy
	 	Title:	FCO
	 	 	 
	 	CF Principal Investments LLC
	 	 	 
	 	By:	/s/ Mark Kaplan
	 	Name:	Mark Kaplan
	 	Title:	Authorized Signatory

 

[Signature Page to Equity Line Agreement]

 

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ANNEX I TO THE 

COMMON STOCK PURCHASE AGREEMENT 

DEFINITIONS

 

“Accountant” shall have the meaning assigned
to such term in Section 5.7(iii) of this Agreement.

 

“Affiliate” shall mean any Person that, directly
or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with a Person, as such terms
are used in and construed under Rule 144.

 

“Aggregate Limit” shall have the meaning
assigned to such term in Section 2.1 of this Agreement.

 

“Agreement” shall have the meaning assigned
to such term in the introductory paragraph hereto.

 

“Alternative Market” shall mean the New York
Stock Exchange, the NYSE American, the Nasdaq Global Select Market or the Nasdaq Global Market.

 

“Anti-Corruption Laws” shall have the meaning
assigned to such term in Section 5.23 of this Agreement.

 

“Applicable Laws” shall have the meaning
assigned to such term in Section 5.15 of this Agreement.

 

“Authorizations” shall have the meaning assigned
to such term in Section 5.15 of this Agreement.

 

“Average Price” means
a price per Share (rounded to the nearest tenth of a cent) equal to the quotient obtained by dividing (i) the aggregate gross purchase
price paid by the Investor for all Shares purchased pursuant to this Agreement, by (ii) the aggregate number of Shares issued pursuant
to this Agreement.

 

“Bankruptcy Law” shall mean Title 11, U.S.
Code, or any similar U.S. federal or state law for the relief of debtors.

 

“Base Price” means a price per Share equal
to the Minimum Price (subject to adjustment for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split
or other similar transaction that occurs on or after the date of this Agreement).

 

“Beneficial Ownership Limitation” shall have
the meaning assigned to such term in Section 3.4 of this Agreement.

 

“Bloomberg” shall mean Bloomberg, L.P.

 

“Bring-Down Opinion” shall have the meaning
assigned to such term in Section 6.15 of this Agreement.

 

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“Broker-Dealer” shall have the meaning assigned
to such term in Section 6.13 of this Agreement.

 

“CCPA” shall have the meaning assigned to
such term in Section 5.44(i) of this Agreement.

 

“CF&CO” shall have the meaning assigned
to such term in the recitals of this Agreement.

 

“Closing” means the consummation of the transactions
contemplated by the Merger Agreement and completion of the Mergers.

 

“Closing Sale Price” shall mean, for the
Common Stock as of any date, the last closing trade price for the Common Stock on the Principal Market, as reported by Bloomberg, or,
if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price for the Common Stock,
then the last trade price for the Common Stock prior to 4:00 p.m., New York City time, as reported by Bloomberg. All such determinations
shall be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions
during such period.

 

“Code” shall have the meaning assigned to
such term in Section 5.32 of this Agreement.

 

“Commencement” shall have the meaning assigned
to such term in Section 3.1 of this Agreement.

 

“Commencement Date” shall have the meaning
assigned to such term in Section 3.1 of this Agreement.

 

“Commencement Irrevocable Transfer Agent Instructions”
shall have the meaning assigned to such term in Section 10.1(iii).

“Commission” shall mean the U.S. Securities
and Exchange Commission or any successor entity.

 

“Commission
Documents” shall mean (1) any registration statement on Form S-4 filed by the Company with the Commission, including
any related prospectus or prospectuses, for the registration of the Common Stock to be issued pursuant to the Merger Agreement, on
file with the Commission at the time such registration statement became effective, including the financial statements, schedules,
exhibits and all other documents filed as a part thereof or incorporated therein and all information deemed to be a part thereof as
of the effective date of such registration statement under the Securities Act, (2) any proxy statement or prospectus filed by the
Company with the Commission, including all documents incorporated or deemed incorporated therein by reference, whether or not
included in a registration statement on Form S-4, in the form in which such proxy statement or prospectus has most recently been
filed with the Commission pursuant to Rule 424(b) under the Securities Act, (3) all reports, schedules, registrations, forms,
statements, information and other documents filed with or furnished to the Commission by the Company pursuant to Section 13(a),
13(c), 14 or 15(d) of the Exchange Act since the Commitment Effective Time, including, without limitation, the Current Report, (4)
each Registration Statement, as the same may be amended from time to time, the Prospectus contained therein and each Prospectus
Supplement thereto and (5) all information contained in such filings and all documents and disclosures that have been and heretofore
shall be incorporated by reference therein.

 

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“Commitment Shares” shall mean the duly authorized,
validly issued, fully paid and non-assessable shares of Common Stock, deliverable to the Investor in accordance with Section 10.1(ii),
in an amount which shall be equal to the quotient obtained by dividing (i) $2,000,000, and (ii) the Closing Price of the shares of Common
Stock on the Commitment Shares Determination Date.

 

“Commitment Shares Determination Date” shall
mean the earlier to occur of (A) the Trading Day prior to the filing of the Initial Registration Statement and (B) the date that the Investor
sends an invoice to the Company.

 

“Common Stock Equivalents” shall mean any
securities of the Company or its Subsidiaries which entitle the holder thereof to acquire at any time Common Stock, including, without
limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exercisable
or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

 

“Company” shall have the meaning assigned
to such term in the introductory paragraph of this Agreement.

 

“Compliance Certificate” shall have the meaning
assigned to such term in Section 7.2(ii) of this Agreement.

 

“Confidential Data” shall have the meaning
assigned to such term in Section 5.44(i) of this Agreement.

 

“Contract” shall mean any written or oral
legally binding contract, agreement, understanding, arrangement, subcontract, loan or credit agreement, note, bond, indenture, mortgage,
purchase order, deed of trust, lease, sublease, instrument, or other legally binding commitment, obligation or undertaking.

 

“Current Report” shall have the meaning assigned
to such term in Section 2.3 of this Agreement.

 

“Custodian” shall mean any receiver, trustee,
assignee, liquidator or similar official under any Bankruptcy Law.

 

“Damages” shall have the meaning assigned
to such term in Section 9.1 of this Agreement.

 

“Disclosure Schedule” shall have the meaning
assigned to such term in the preamble to Article V.

 

“DTC” shall mean The Depository Trust Company,
a subsidiary of The Depository Trust & Clearing Corporation, or any successor thereto.

 

“DWAC” shall have the meaning assigned to
such term in Section 5.41 of this Agreement.

 

    53

     

    

 

“DWAC Shares” shall mean shares of Common
Stock issued pursuant to this Agreement that are (i) issued in electronic form, (ii) freely tradable and transferable and without restriction
on resale and without stop transfer instructions maintained against the transfer thereof and (iii) timely credited by the Company to the
Investor’s or its designated Broker-Dealer at which the account or accounts to be credited with the Shares being purchased by Investor
are maintained specified DWAC account with DTC under its Fast Automated Securities Transfer (FAST) Program, or any similar program hereafter
adopted by DTC performing substantially the same function.

 

“EDGAR” shall mean the Commission’s
Electronic Data Gathering, Analysis and Retrieval System.

 

“Effective Date” shall mean, with respect
to the Initial Registration Statement filed pursuant to Section 2(a) of the Registration Rights Agreement (or any post-effective amendment
thereto) or any New Registration Statement filed pursuant to Section 2(c) of the Registration Rights Agreement (or any post-effective
amendment thereto), as applicable, the date on which the Initial Registration Statement (or any post-effective amendment thereto) or any
New Registration Statement (or any post-effective amendment thereto) becomes effective.

 

“Entity” shall have the meaning assigned
to such term in Section 5.43 of this Agreement.

 

“Excess Shares” shall have the meaning assigned
to such term in Section 3.1 of this Agreement.

 

“Exchange Act” shall mean the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the Commission thereunder.

 

“Exchange Cap” shall have the meaning assigned
to such term in Section 3.3(i) of this Agreement.

 

“Exempt Issuance”
shall mean the issuance of (i) Common Stock, options or other equity incentive awards to employees, officers, directors or vendors
of the Company pursuant to any equity incentive plan duly adopted for such purpose, by the Company’s Board of Directors or a
majority of the members of a committee of the Board of Directors established for such purpose, (ii) (a) any Shares issued to the
Investor pursuant to this Agreement, (b) any securities issued upon the exercise or exchange of or conversion of any shares of
Common Stock or Common Stock Equivalents held by the Investor at any time, or (c) any securities issued upon the exercise or
exchange of or conversion of any Common Stock Equivalents issued and outstanding on the Closing Date, provided that such securities
referred to in this clause (c) have not been amended since the Closing Date to increase the number of such securities or to decrease
the exercise price, exchange price or conversion price of such securities, (iii) securities issued pursuant to acquisitions,
divestitures, licenses, partnerships, collaborations or strategic transactions approved by the Company’s Board of Directors or
a majority of the members of a committee of directors established for such purpose, which acquisitions, divestitures, licenses,
partnerships, collaborations or strategic transactions can have a Variable Rate Transaction component, provided that any such
issuance shall only be to a Person (or to the equity holders of a Person) which is, itself or through its subsidiaries, an operating
company or an asset in a business synergistic with the business of the Company and shall provide to the Company additional benefits
in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for
the purpose of raising capital or to an entity whose primary business is investing in securities, (iv) Common Stock issued by the
Company to the Investor or an Affiliate of the Investor in connection with any “equity line of credit” or other
continuous offering or similar offering of Common Stock pursuant to a written agreement between the Company and the Investor or an
Affiliate of the Investor, whereby the Company may sell Common Stock to the Investor or an Affiliate of the Investor at a future
determined price, or (v) Common Stock issued by the Company by any method deemed to be an “at the market offering” as
defined in Rule 415(a)(4) under the Securities Act, exclusively to or through CF&CO, as the Company’s sales agent,
pursuant to one or more written agreements between the Company and CF&CO.

 

    54

     

    

 

“FINRA” shall have the meaning assigned to
such term in Section 4.3 of this Agreement.

 

“Fundamental Transaction” shall mean that
(i) the Company shall, directly or indirectly, in one or more related transactions, (a) consolidate or merge with or into (whether or
not the Company is the surviving corporation) another Person, with the result that the holders of the Company’s capital stock immediately
prior to such consolidation or merger together beneficially own less than 50% of the outstanding voting power of the surviving or resulting
corporation, (b) sell, lease, license, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or
assets of the Company to another Person, (c) take action to facilitate a purchase, tender or exchange offer by another Person that is
accepted by the holders of more than 50% of the outstanding shares of Common Stock (excluding any shares of Common Stock held by the Person
or Persons making or party to, or associated or affiliated with the Persons making or party to, such purchase, tender or exchange offer),
(d) consummate a stock or share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization,
spin-off or scheme of arrangement) with another Person whereby such other Person acquires more than 50% of the outstanding shares of Common
Stock (not including any shares of Common Stock held by the other Person or other Persons making or party to, or associated or affiliated
with the other Persons making or party to, such stock or share purchase agreement or other business combination), or (e) reorganize, recapitalize
or reclassify its Common Stock, or (ii) any “person” or “group” (as these terms are used for purposes of Sections
13(d) and 14(d) of the Exchange Act) is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the Exchange
Act), directly or indirectly, of 50% of the aggregate ordinary voting power represented by issued and outstanding Common Stock.

 

“GAAP” shall have the meaning assigned to
such term in Section 5.7(ii) of this Agreement.

 

“GDPR” shall have the meaning assigned to
such term in Section 5.40(i) of this Agreement.

 

“Governmental Authority” shall mean (i) any
federal, provincial, state, local, municipal, national or international government or governmental authority, regulatory or administrative
agency, governmental commission, department, board, bureau, agency or instrumentality, court, tribunal, arbitrator or arbitral body (public
or private); (ii) any self-regulatory organization; or (iii) any political subdivision of any of the foregoing.

 

“HIPAA” shall have the meaning assigned to
such term in Section 5.40(i) of this Agreement.

 

    55

     

    

 

“Indebtedness” shall have the meaning assigned
to such term in Section 5.12 of this Agreement.

 

“Initial Registration Statement” shall have
the meaning assigned to such term in the Registration Rights Agreement.

 

“Investment Period” shall mean the period
commencing on the Effective Date of the Initial Registration Statement and expiring on the date this Agreement is terminated pursuant
to Article VIII.

 

“Investor” shall have the meaning assigned
to such term in the introductory paragraph of this Agreement.

 

“Investor Party” shall have the meaning assigned
to such term in Section 9.1 of this Agreement.

 

“IT Systems” shall have the meaning assigned
to such term in Section 5.40(i) of this Agreement.

 

“Knowledge” shall mean the actual knowledge
of the Company’s Chief Executive Officer, the Company’s President, and the Company’s Chief Financial Officer, in each
case after reasonable inquiry of all officers, directors and employees of the Company and its Subsidiaries who would reasonably be expected
to have knowledge or information with respect to the matter in question.

 

“Material Contracts” shall mean any other
Contract that is expressly referred to in or filed or incorporated by reference as an exhibit to a Commission Document or that, if terminated
or subject to default by a party thereto would, individually or in the aggregate, have a Material Adverse Effect.

 

“Mergers” shall have the meaning assigned
to such term in the Preamble to this Agreement.

 

“Merger Agreement” shall have the meaning
assigned to such term in the Preamble to this Agreement.

 

“Minimum Price” means the price used to determine
the Base Price as defined in Section 3.3(ii).

 

“Money Laundering Laws” shall have the meaning
assigned to such term in Section 5.24 of this Agreement.

 

“New Registration Statement” shall have the
meaning assigned to such term in the Registration Rights Agreement.

 

“OFAC” shall have the meaning assigned to
such term in Section 5.43 of this Agreement.

 

“Permits” shall have the meaning assigned
to such term in Section 5.21 of this Agreement.

 

“Person” shall mean any person or entity,
whether a natural person, trustee, corporation, partnership, limited partnership, limited liability company, trust, unincorporated organization,
business association, firm, joint venture, governmental agency or authority.

 

“Personal Data” shall have the meaning assigned
to such term in Section 5.44(i) of this Agreement.

 

    56

     

    

 

“Post-Effective Amendment Period” shall mean
the period commencing at 9:30 a.m., New York City time, on the fifth (5th) Trading Day immediately prior to the filing of any post-effective
amendment to the Initial Registration Statement or any New Registration Statement, and ending at 9:30 a.m., New York City time, on the
Trading Day immediately following, the Effective Date of such post-effective amendment.

 

“Principal Market” shall
mean the Nasdaq Capital Market; provided, however, that in the event the Company’s Common Stock is ever listed or
traded on an Alternative Market, then the “Principal Market” shall mean such Alternative Market on which the Company’s
Common Stock is then listed or traded.

 

“Privacy Laws” shall have the meaning assigned
to such term in Section 5.40(ii) of this Agreement.

 

“Prospectus” shall mean the prospectus in
the form included in a Registration Statement, as supplemented from time to time by any Prospectus Supplement, including the documents
incorporated by reference therein.

 

“Prospectus Supplement” shall mean any prospectus
supplement to the Prospectus filed with the Commission from time to time pursuant to Rule 424(b) under the Securities Act, including the
documents incorporated by reference therein.

 

“Qualified Independent Underwriter” shall
have the meaning assigned to such term in FINRA Rule 5121(f)(12).

 

“Registrable Securities” shall have the meaning
assigned to such term in the Registration Rights Agreement.

 

“Registration Period” shall have the meaning
assigned to such term in the Registration Rights Agreement.

 

“Registration Statement” shall have the meaning
assigned to such term in the Registration Rights Agreement.

 

“Regulation D” shall have the meaning assigned
to such term in the recitals of this Agreement.

 

“Restricted Period” shall have the meaning
assigned to such term in Section 6.9(i) of this Agreement.

 

“Restricted Persons” shall have the meaning
assigned to such term in Section 6.9(i) of this Agreement.

 

“Rule 144” shall mean Rule 144 promulgated
by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter
adopted by the Commission having substantially the same effect.

 

    57

     

    

 

“Sale Price” shall mean any trade price for
the shares of Common Stock on the Principal Market during normal trading hours, as reported by the Principal Market.

 

“Sanctioned Countries” shall have the meaning
assigned to such term in Section 5.43 of this Agreement.

 

“Sanctions” shall have the meaning assigned
to such term in Section 5.43 of this Agreement.

 

“Sarbanes-Oxley Act” shall have the meaning
assigned to such term in Section 5.7(iii) of this Agreement.

 

“Section 4(a)(2)” shall have the meaning
assigned to such term in the recitals of this Agreement.

 

“Securities Act” shall mean the Securities
Act of 1933, as amended, and the rules and regulations of the Commission thereunder.

 

“Share Delivery Deadline” shall have the
meaning set forth in Section 3.2 of this Agreement.

 

“Shares” shall mean the shares of Common
Stock that are and/or may be purchased by the Investor under this Agreement pursuant to one or more VWAP Purchase Notices.

 

“Short Sales” shall mean “short sales”
as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act.

 

“Subsidiary” shall mean any corporation or
other entity, of which at least a majority of the securities or other ownership interest having ordinary voting power for the election
of directors or other persons performing similar functions are at the time owned directly or indirectly by the Company and/or any of its
other Subsidiaries.

 

“Threshold Price” shall mean with respect
to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 75% of the Closing Sale Price
on the Trading Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase
Notice.

 

“Total Commitment” shall have the meaning
assigned to such term in Section 2.1.

 

“Trading Day” shall mean any day on which
the Principal Market is open for trading (regular way), including any day on which the Principal Market is open for trading (regular way)
for a period of time less than the customary time.

 

“Transaction Documents” shall mean, collectively,
this Agreement (as qualified by the Commission Documents and the Disclosure Schedule) and the exhibits hereto, the Registration Rights
Agreement and the exhibits thereto, and each of the other agreements, documents, certificates and instruments entered into or furnished
by the parties hereto in connection with the transactions contemplated hereby and thereby.

 

“Transfer Agent” shall mean Continental Stock
Transfer & Trust Company or any successor thereof as the Company’s transfer agent.

 

    58

     

    

 

“Variable Rate Transaction” shall mean a
transaction in which the Company (i) issues or sells any equity or debt securities that are convertible into, exchangeable or exercisable
for, or include the right to receive additional shares of Common Stock or Common Stock Equivalents either (a) at a conversion price, exercise
price, exchange rate or other price that is based upon and/or varies with the trading prices of or quotations for the Common Stock at
any time after the initial issuance of such equity or debt securities, or (b) with a conversion, exercise or exchange price that is subject
to being reset at some future date after the initial issuance of such equity or debt security or upon the occurrence of specified or contingent
events directly or indirectly related to the business of the Company or the market for the Common Stock (including, without limitation,
any “full ratchet” or “weighted average” anti-dilution provisions, but not including any standard anti-dilution
protection for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction), (ii) issues or sells
any equity or debt securities, including without limitation, Common Stock or Common Stock Equivalents, either (a) at a price that is subject
to being reset at some future date after the initial issuance of such debt or equity security or upon the occurrence of specified or contingent
events directly or indirectly related to the business of the Company or the market for the Common Stock (other than standard anti-dilution
protection for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction), or (b) that are subject
to or contain any put, call, redemption, buy-back, price-reset or other similar provision or mechanism (including, without limitation,
a “Black-Scholes” put or call right, other than in connection with a “fundamental transaction”) that provides
for the issuance of additional equity securities of the Company or the payment of cash by the Company, or (iii) enters into any agreement,
including, but not limited to, an “equity line of credit” or “at the market offering” or other continuous offering
or similar offering of Common Stock or Common Stock Equivalents, whereby the Company may sell Common Stock or Common Stock Equivalents
at a future determined price.

 

“VWAP” shall mean, for the Common Stock for
a specified period, the dollar volume-weighted average price for the Common Stock on the Principal Market, for such period, as reported
by Bloomberg through its “AQR” function. All such determinations shall be appropriately adjusted for any stock dividend, stock
split, stock combination, recapitalization or other similar transaction during such period.

 

“VWAP Purchase Amount” shall have the meaning
assigned to such term in Section 3.2 of this Agreement.

 

“VWAP Purchase Commencement Time” shall mean,
with respect to a VWAP Purchase made pursuant to Section 3.1, 9:30:01 a.m., New York City time, on the applicable VWAP Purchase Date,
or such later time on such VWAP Purchase Date publicly announced by the Principal Market as the official open (or commencement) of trading
(regular way) on the Principal Market on such VWAP Purchase Date; provided, however, that if a VWAP Purchase Notice is delivered
after 9:00 a.m., New York City time, on a VWAP Purchase Date, then the VWAP Purchase Commencement Time shall start only upon receipt by
the Company of written confirmation (which may be by email) of acceptance by the Investor, and which confirmation shall specify the VWAP
Purchase Commencement Time.

 

    59

     

    

 

“VWAP Purchase Condition Satisfaction Time”
shall have the meaning assigned to such term in Section 7.3 of this Agreement.

 

“VWAP Purchase Date” shall mean, with respect
to a VWAP Purchase made pursuant to Section 3.1, the Trading Day on which the Investor receives, on such Trading Day, a valid VWAP Purchase
Notice for such VWAP Purchase in accordance with this Agreement.

 

“VWAP Purchase Maximum Amount” shall mean,
with respect to a VWAP Purchase made pursuant to Section 3.1, a number of shares of Common Stock equal to the lesser of (i) a number of
shares of Common Stock which, when aggregated with all other shares of Common Stock then beneficially owned by the Investor and its Affiliates
(as calculated pursuant to Section 13(d) of the Exchange Act and Rule 13d-3 promulgated thereunder), would result in the beneficial ownership
by the Investor of more than the Beneficial Ownership Limitation and (ii) a number of Shares equal to (a) the VWAP Purchase Share Percentage
multiplied by (b) the total number (or volume) of shares of Common Stock traded on the Principal Market (or, if the Common Stock is then
listed on an Alternative Market, on such Alternative Market) during the applicable VWAP Purchase Period on the applicable VWAP Purchase
Date for such VWAP Purchase and (iii) the VWAP Purchase Share Estimate.

 

“VWAP Purchase Notice” shall mean, with respect
to a VWAP Purchase made pursuant to Section 3.1, an irrevocable written notice delivered by the Company to the Investor directing the
Investor to purchase a VWAP Purchase Share Amount (such specified VWAP Purchase Share Amount subject to adjustment as set forth in Section
3.1 as necessary to give effect to the VWAP Purchase Maximum Amount), at the applicable VWAP Purchase Price therefor on the applicable
VWAP Purchase Date for such VWAP Purchase in accordance with this Agreement.

 

“VWAP Purchase Period” shall mean, with respect
to a VWAP Purchase made pursuant to Section 3.1, the period on the applicable VWAP Purchase Date for such VWAP Purchase beginning at the
applicable VWAP Purchase Commencement Time and ending at the applicable VWAP Purchase Termination Time.

 

    60

     

    

 

“VWAP Purchase Price” shall mean the purchase
price per Share to be purchased by the Investor in such VWAP Purchase on such VWAP Purchase Date equal to ninety-eight percent (98.0%)
of the VWAP over the applicable VWAP Purchase Period on such VWAP Purchase Date for such VWAP Purchase. Notwithstanding anything in this
Agreement to the contrary, on any Trading Day on which the Company delivers, and the Investor accepts, a VWAP Purchase Notice for a VWAP
Purchase Share Request Percentage in excess of the VWAP Purchase Share Percentage, the VWAP Purchase Price shall be calculated using the
lower of (i) the VWAP over the applicable VWAP Purchase Period on such VWAP Purchase Date for such VWAP Purchase, and (ii) the lowest
Sale Price in any Block sold on such Trading Day following the delivery and acceptance of such VWAP Purchase Notice for a VWAP Purchase
Share Request Percentage in excess of the VWAP Purchase Share Percentage.

 

“VWAP Purchase Share Amount” means, with
respect to a VWAP Purchase made pursuant to Section 3.1, the number of Shares to be purchased by the Investor in such VWAP Purchase as
specified by the Company in the applicable VWAP Purchase Notice, which number of Shares shall not exceed the applicable VWAP Purchase
Maximum Amount.

 

“VWAP Purchase Share Delivery Date” shall
mean the date of the VWAP Purchase Notice, or such later date on which the Shares are actually delivered to the Investor (it being acknowledged
and agreed that the Company may not deliver any additional VWAP Purchase Notice to the Investor until all such Shares subject to such
VWAP Purchase, and all Shares subject to all prior VWAP Purchase Notices, have been received by the Investor as DWAC Shares in accordance
with this Agreement).

 

“VWAP Purchase Share Estimate” means
the number of shares of Common Stock constituting a good faith estimate by the Company of the number of Shares that the Investor
shall have the obligation to buy pursuant to the VWAP Purchase Notice.

 

“VWAP Purchase Share Percentage” means, with
respect to a VWAP Purchase made pursuant to Section 3.1, twenty percent (20%) of the VWAP Purchase Share Amount.

 

“VWAP Purchase Share Request Percentage”
shall mean the percentage set forth in any VWAP Purchase Notice.

 

“VWAP Purchase Termination Time” means, with
respect to a VWAP Purchase made pursuant to Section 3.1, 4:00 p.m., New York City time, on the applicable VWAP Purchase Date, or such
earlier time publicly announced by the Principal Market as the official close of trading (regular way) on the Principal Market on such
applicable VWAP Purchase Date.

 

    61

     

    

 

EXHIBIT A

 

FORM OF REGISTRATION RIGHTS AGREEMENT

 

[TO BE FURNISHED SEPARATELY]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    62

     

    

 

EXHIBIT B

CLOSING CERTIFICATE 

[●], 202[●]

 

The undersigned, the [●] of KludeIn I Acquisition Corp., a Delaware
corporation (the “Company”), delivers this certificate in connection with the Common Stock Purchase Agreement,
dated as of [●], 2022 (the “Agreement”), by and between the Company and CF Principal Investments LLC, a
Delaware limited liability company (the “Investor”), and hereby certifies on the date hereof that (capitalized
terms used herein without definition have the meanings assigned to them in the Agreement):

 

1. The undersigned is the duly appointed [●] of the Company.

 

2. Attached hereto as Exhibit A is a true, complete and correct
copy of the Amended and Restated Certificate of Incorporation of the Company, as amended through the date hereof, as filed with the Secretary
of State of the State of Delaware (the “Certificate of Incorporation”). The Certificate of Incorporation of
the Company has not been further amended or restated, and no document with respect to any amendment to the Certificate of Incorporation
of the Company has been filed in the office of the Secretary of State of the State of Delaware since the date shown on the face of the
state certification relating to the Certificate of Incorporation, which is in full force and effect on the date hereof, and no action
has been taken by the Company in contemplation of any such amendment or the dissolution, merger or consolidation of the Company.

 

3. Attached hereto as Exhibit B is a true and complete copy
of the Amended and Restated Bylaws of the Company, as amended and restated through, and as in full force and effect on, the date hereof
(the “Bylaws”), and no proposal for any amendment, repeal or other modification to the Bylaws of the Company
has been taken or is currently pending before the Board of Directors or stockholders of the Company.

 

4. The Board of Directors of the Company has approved the transactions
contemplated by the Transaction Documents; said approval has not been amended, rescinded or modified and remains in full force and effect
as of the date hereof. Attached hereto as Exhibit C are true, correct and complete copies of the resolutions duly adopted by the
Board of Directors of the Company on [●], 202[●].

 

5. Each person who, as an officer of the Company, or as attorney-in-fact
of an officer of the Company, signed the Transaction Documents to which the Company is a party, was duly elected, qualified and acting
as such officer or duly appointed and acting as such attorney-in-fact, and the signature of each such person appearing on any such document
is his genuine signature.

 

IN WITNESS WHEREOF, I have signed my name as of the date first
above written.

 

	 	Name:
	 	Title:

 

    63

     

    

 

EXHIBIT C

COMPLIANCE CERTIFICATE

 

The undersigned, the [●] of KludeIn I Acquisition Corp., a Delaware
corporation (the “Company”), delivers this certificate in connection with the Common Stock Purchase Agreement,
dated as of [●], 2022 (the “Agreement”), by and between the Company and CF Principal Investments LLC, a
Delaware limited liability company (the “Investor”), and hereby certifies on the date hereof that, to the best
of his or her knowledge after reasonable investigation, on behalf of the Company (capitalized terms used herein without definition have
the meanings assigned to them in the Agreement):

 

1. The undersigned is the duly appointed [●] of the Company.

 

2. Except as set forth in the Commission Documents, the representations
and warranties of the Company set forth in Article V of the Agreement (i) that are not qualified by “materiality” or “Material
Adverse Effect” are true and correct in all material respects as of [the Commencement Date] [the date hereof] with the same force
and effect as if made on [the Commencement Date] [the date hereof], except to the extent such representations and warranties are as of
another date, in which case, such representations and warranties are true and correct in all material respects as of such other date and
(ii) that are qualified by “materiality” or “Material Adverse Effect” are true and correct as of [the Commencement
Date] [the date hereof] with the same force and effect as if made on [the Commencement Date] [the date hereof], except to the extent such
representations and warranties are as of another date, in which case, such representations and warranties are true and correct as of such
other date.

 

3. The Company has performed, satisfied and complied in all material
respects with all covenants, agreements and conditions required by the Agreement and the Registration Rights Agreement to be performed,
satisfied or complied with by the Company [at or prior to Commencement][on or prior to the date hereof].

 

4. The Shares issuable in respect of each VWAP Purchase Notice effected
pursuant to the Agreement shall be delivered to the Investor electronically as DWAC Shares, and shall be freely tradable and transferable
and without restriction on resale and without any stop transfer instructions maintained against such Shares.

 

5. As of [the Commencement Date][the date hereof], the Company does
not possess any material non-public information.

 

6. As of [the Commencement Date][the date hereof], the Company has
reserved out of its authorized and unissued Common Stock [●] shares of Common Stock solely for the purpose of effecting VWAP Purchases
under the Agreement.

 

7. No stop order suspending the effectiveness of the Registration Statement
or the use of the Prospectus under the Securities Act has been issued and no proceedings for such purpose or pursuant to Section 8A of
the Securities Act are pending before or, to the knowledge of the Company, threatened by the Commission.

 

    64

     

    

 

The undersigned has executed this Certificate this [●] day of
[●], 202[●].

 

	 	By:	 
	 	Name: 	 
	 	Title:	 

 

    65

     

    

 

EXHIBIT D

FORM OF VWAP PURCHASE NOTICE

 

	From:	[Company Name]
	 	 
	To:	CF Principal Investments LLC
	 	 
	Attention:	Chief Operating Officer
	 	 
	C/O:	CFControlledEquityOffering@cantor.com
	 	 
	Subject:	VWAP Purchase Notice
	 	 
	Date:	[●], 202[●]
	 	 
	Time:	[●]

 

Ladies and Gentlemen:

 

Pursuant to the terms and subject to the conditions contained in the
Common Stock Purchase Agreement (the “Agreement”) between [Company Name], a [Delaware] corporation (the “Company”),
and CF Principal Investments LLC (the “Investor”), dated [●], 202[_], the Company hereby directs the Investor
to purchase a number of shares constituting [●]% of the total volume of the Company’s common stock, par value $0.[●]
per share, traded on the Principal Market during the applicable VWAP Purchase Period, at the relevant VWAP Purchase Price (as defined
in the Agreement); provided, however, that if such number exceeds the VWAP Purchase Share Estimate of [●] shares of
the Company’s common stock, par value $0.[●] per share, which the Company represents is no greater than the VWAP Purchase
Maximum Amount (as defined in the Agreement), then the Investor will instead purchase the number of shares equal to the VWAP Purchase
Share Estimate. The Company represents that all conditions set forth in Section 7.3 of the Agreement (including without limitation Section
7.3(xi) in respect of Material Non-Public Information) have been satisfied. Capitalized terms used herein without definition have the
meanings assigned to them in the Agreement.

 

	 	Name:
	 	Title:

 

 

66

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