Document:

Exhibit
10.17

 

AGREEMENT
TO ASSIGN FOUNDER SHARES

 

February
2, 2018

 

Global
Partner Acquisition Corp.

One
Rockefeller Plaza, 11th Floor

New
York, NY 10020

Attention:
Paul J. Zepf

E-mail:
pzepf@globalpartnerac.com

 

Ladies
and Gentlemen:

 

For
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Global Partner Sponsor I LLC (“Sponsor”)
and Global Partner Acquisition Corp. (the “Company”) hereby agree with the entities identified on Schedule
A hereto (the “Assignees”) as follows:

 

		1.	Subject
                                         to and effective with no further action by any party on the closing (the “Closing”)
                                         of the business combination pursuant to the Agreement and Plan of Merger dated as of
                                         November 2, 2017 by and among the Company, Purple Innovation, LLC and the other parties
                                         named therein (as amended, the “Merger Agreement”), and pursuant to
                                         that certain Subscription Agreement, dated as of February 1, 2018, by and among the Company,
                                         Sponsor and the Assignees, the Sponsor hereby transfers and assigns to the Assignees
                                         all of its right, title and interest in and to the number of Founder Shares (as such
                                         term is used in the final prospectus of the Company, filed with the Securities and Exchange
                                         Commission on July 29, 2015) set forth opposite the names of the Assignees on Schedule
                                         A.

 

		2.	Sponsor
                                         represents and warrants to each of the Assignees that the Founder Shares that are being
                                         assigned pursuant to this letter agreement (this “Agreement”) have
                                         been duly issued, and are fully paid and non-assessable, and are free and clear of any
                                         liens, claims or encumbrances of any nature whatsoever, provided that the Founder Shares
                                         shall be subject to certain restrictions on transfer as provided in the Subscription
                                         Agreement and the agreements referred to therein.

 

		3.	This
                                         Agreement constitutes the entire agreement and understanding of the parties hereto in
                                         respect of the subject matter hereof and supersedes all prior understandings, agreements,
                                         or representations by or among the parties hereto, written or oral, to the extent they
                                         relate in any way to the subject matter hereof. This Agreement may not be changed, amended,
                                         modified or waived to any particular provision, except by a written instrument executed
                                         by all parties hereto.

 

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

 

		5.	Any
                                         notice, consent or request to be given in connection with any of the terms or provisions
                                         of this Agreement shall be in writing. Notices to the Company or the Sponsor shall be
                                         sent to the address of the Company above. Notices to the Assignees shall be sent to Coliseum
                                         Capital Management, LLC, 105 Rowayton Avenue, Rowayton, CT 06853.

 

		6.	This
                                         Agreement shall terminate at such time, if any, as the Merger Agreement is terminated
                                         in accordance with its terms, and upon such termination this Agreement shall be null
                                         and void and of no effect whatsoever, and the parties hereto shall have not obligations
                                         under this Agreement.

 

[Signature
page follows]

 

     

     

    

 

Please
indicate your agreement to the foregoing by signing in the space provided below.

 

	 	GLOBAL PARTNER SPONSOR I LLC
	 	 	 
	 	By: 	/s/ Paul Zepf
	 	Name: 	Paul Zepf
	 	Title: 	Managing Member

 

	GLOBAL PARTNER ACQUISITION CORP.	 
	 	       	 
	By: 	/s/ Paul Zepf	 
	Name: 	Paul Zepf	 
	Title: 	Chief Executive Officer	 
	 	 	 
	CONTINENTAL STOCK TRANSFER AND TRUST COMPANY
	As Transfer Agent	 
	 	 	 
	By: 	/s/ Henry Farrell	 
	Name: 	Henry Farrell	 
	Title: 	Vice President	 
	 	 	 
	ACCEPTED AND AGREED:	 
	 	 
	ColISEUM CAPITAL partners, l.p.	 
	 	 	 
	by: coliseum capital, llc, its general partner
	 	 	 
	By: 	/s/ Adam Gray	 
	Name: 	Adam Gray	 
	Title: 	Manager	 
	 	 	 
	BLACKWELL PARTNERS LLC – SERIES A	 
	 	 	 
	by: coliseum capital management, llc, attorney-in-fact
	 	 	 
	By: 	/s/ Adam Gray	 
	Name: 	Adam Gray	 
	Title: 	Managing Partner	 

 

     

     

    

 

Schedule
A

 

	Name of Assignee:	 	Number of Founder Shares Assigned:	 
	 	 	 	 
	Subscription Agreement	 	 	 	 
	Coliseum Capital Partners, L.P.	 	 	937,635	 
	Blackwell Partners LLC – Series A	 	 	356,115	 
	Total	 	 	1,293,750Exhibit
10.18

 

REGISTRATION
RIGHTS AGREEMENT

 

THIS
REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into as of February 2, 2018, by and among
Global Partner Acquisition Corp., a Delaware corporation, which will be known after the consummation of the transactions
contemplated by the Merger Agreement (as defined below) as “Purple Innovation, Inc.” (including any successor entity
thereto, the “Parent”), and the undersigned parties listed under Investors on the signature page hereto
(each an “Investor” and collectively, the “Investors”).

 

WHEREAS,
Parent is a party to that certain Agreement and Plan of Merger, dated as of November 2, 2017 (as amended, the “Merger
Agreement”), with Purple Innovation, LLC, a Delaware limited liability company
(the “Company”), PRPL Acquisition, LLC (“Merger
Sub”), InnoHold, LLC, a Delaware limited liability company (“InnoHold”),
and Global Partner Sponsor I LLC, in its capacity thereunder as the Parent Representative, pursuant to which, subject to the terms
and conditions thereof, Merger Sub will merge with and into the Company with the Company continuing as the surviving entity;

 

WHEREAS,
on February 1, 2018, Parent, Global Partner Sponsor I LLC, a Delaware limited liability company (the “Sponsor”),
and the Investors entered into that certain Subscription Agreement (the “Subscription Agreement”) and
certain other agreements, pursuant to which the Investors agreed to purchase shares of Parent’s Class A Common Stock (as
defined below) in a private placement with Parent to occur immediately prior to or simultaneously with the consummation of the
transactions under the Merger Agreement (the “Closing”), and Sponsor agreed to transfer to the Investors
in the aggregate 1,293,750 of its Founder Shares (as defined below) (the “Transferred Sponsor Shares”)
and 5,782,500 Sponsor Warrants (as defined below) (the “Transferred Sponsor Warrants”), subject to the
certain restrictions as set forth in the Insider Letter (as defined below); and

 

WHEREAS,
the parties desire to enter into this Agreement to provide the Investors with certain rights relating to the registration of the
shares of Class A Common Stock to be acquired by the Investors in the private placement with Parent to occur immediately prior
to or simultaneously with the Closing (the “PIPE Shares”), the Transferred Sponsor Shares, the Transferred
Sponsor Warrants and the shares of Class A Common Stock issuable upon exercise of the Transferred Sponsor Warrants (the “Warrant
Shares”).

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.
DEFINITIONS. Any
capitalized term used but not defined in this Agreement will have the meaning ascribed to such term in the Subscription Agreement.
The following capitalized terms used herein have the following meanings:

 

“Agreement”
means this Agreement, as amended, restated, supplemented, or otherwise modified from time to time.

 

“Class
A Common Stock” means the class A common stock, par value $0.0001 per share, of Parent (including any successor
common equity securities into which such securities are exchanged or converted), as renamed in connection with the Closing from
common stock, par value $0.0001 per share, of Parent.

 

     

     

    

 

“Closing”
is defined in the recitals to this Agreement.

 

“Company”
is defined in the recitals to this Agreement.

 

“Demand
Registration” is defined in Section 2.1.1.

 

“Demanding
Holder” is defined in Section 2.1.1.

 

“Form
S-3” is defined in Section 2.3.

 

“Founder
Registration Rights Agreement” means that certain Registration Rights Agreement, dated as of July 29, 2015, between
Parent and Sponsor, as amended.

 

“Founder
Securities” means those securities included in the definition of “Registrable Security” specified in
the Founder Registration Rights Agreement.

 

“Founder
Shares” means the shares of Class A Common Stock initially purchased by the Sponsor in a private placement prior
to Parent’s initial public offering.

 

“Indemnified
Party” is defined in Section 4.3.

 

“Indemnifying
Party” is defined in Section 4.3.

 

“InnoHold”
is defined in the recitals to this Agreement.

 

“InnoHold
Registration Rights Agreement” means that certain Registration Rights Agreement to be entered into by Parent and
InnoHold in connection with the Closing, as amended.

 

“InnoHold
Securities” means those securities included in the definition of “Registrable Securities” specified
in the InnoHold Registration Rights Agreement.

 

“Insider
Letter” means that letter agreement, dated as of July 29, 2015, by and between Parent, the Sponsor and the directors
and officers of Parent signatory thereto (which is attached as Exhibit 10.3 to Parent’s current report on Form 8-K filed
with the SEC on August 4, 2015).

 

“Investor(s)”
is defined in the preamble to this Agreement, and include any transferee of the Registrable Securities (so long as they remain
Registrable Securities) of an Investor permitted under this Agreement.

 

“Investor
Indemnified Party” is defined in Section 4.1.

 

“Maximum
Number of Shares” is defined in Section 2.1.4.

 

“Merger
Agreement” is defined in the recitals to this Agreement.

 

“Merger
Sub” is defined in the recitals to this Agreement.

 

“Other
PIPE Registrable Securities” means any securities which Parent may have obligations to register under Other PIPE
Registration Rights Agreements.

 

“Other
PIPE Registration Rights Agreements” means any registration rights agreements that have been or will be entered
into by the Parent prior to or in connection with the Closing in connection with any subscription and/or backstop arrangements
with potential investors in Parent in connection with the Closing.

 

    	 	2	 

     

    

 

“Other
Registrable Securities” means the Founder Securities, the InnoHold Securities and any Other PIPE Registrable Securities.

 

“Other
Registration Rights Agreements” means the Founders Registration Rights Agreement, the InnoHold Registration Rights
Agreement and any Other PIPE Registration Rights Agreements.

 

“Parent”
is defined in the preamble to this Agreement, and shall include Parent’s successors by merger, acquisition, reorganization
or otherwise.

 

“Piggy-Back
Registration” is defined in Section 2.2.1.

 

“PIPE
Shares” is defined in the recitals to this Agreement.

 

“Pro
Rata” is defined in Section 2.2.2(a).

 

“Proceeding”
is defined in Section 6.10.

 

“Public
Warrants” means warrants included as part of the units issued by the Parent in its initial public offering.

 

“Register,”
“Registered” and “Registration” mean a registration effected by preparing
and filing a registration statement 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.

 

“Registrable
Securities” means all of the PIPE Shares purchased by the Investors under the Subscription Agreement, the Transferred
Sponsor Shares, the Transferred Sponsor Warrants and the Warrant Shares issuable upon exercise of the Transferred Sponsor Warrants.
Registrable Securities include any warrants, share capital or other securities of Parent issued as a dividend or other distribution
with respect to or in exchange for or in replacement of such PIPE Shares, Transferred Sponsor Shares, Transferred Sponsor Warrants
and Warrant Shares. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when:
(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;
(b) such securities shall have been otherwise transferred, new certificates for them not bearing a legend restricting further
transfer shall have been delivered by Parent and subsequent public distribution of them shall not require registration under the
Securities Act; (c) such securities shall have ceased to be outstanding or (d) the Registrable Securities are freely saleable
under Rule 144 without volume limitations or manner-of-sale restrictions and without the need for current public information
pursuant to Rule 144 (including Rule 144(i)(2)) as set forth in a written opinion letter to such effect, addressed, delivered
and acceptable to the Parent’s transfer agent and the affected Investors, as reasonably determined by Parent, upon the advice
of counsel to Parent.

 

“Registration
Expenses” is defined in Section 3.3.

 

“Registration
Statement” means a registration statement filed by Parent with the SEC in compliance with the Securities Act and
the rules and regulations promulgated thereunder for a public offering and sale of equity securities, or securities or other obligations
exercisable or exchangeable for, or convertible into, equity securities (other than a registration statement on Form S-4 or Form
S-8, or their successors, or any registration statement covering only securities proposed to be issued in exchange for securities
or assets of another entity).

 

    	 	3	 

     

    

 

“Rule
415” means Rule 415 promulgated under the Securities Act (or any successor rule promulgated thereafter by the SEC).

 

“SEC”
means the U.S. Securities and Exchange Commission.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

“Specified
Courts” is defined in Section 6.10.

 

“Sponsor”
is defined in the recitals to this Agreement.

 

“Sponsor
Warrants” means the warrants to purchase Class A Common Stock that the Sponsor acquired in a private placement that
occurred after the consummation of the Parent’s initial public offering.

 

“Subscription
Agreement” is defined in the recitals to this Agreement.

 

“Transferred
Sponsor Shares” is defined in the recitals to this Agreement.

 

“Transferred
Sponsor Warrants” is defined in the recitals to this Agreement.

 

“Underwriter”
means a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part of
such dealer’s market-making activities.

 

“Warrant
and PIPE Shares Registration Filing Date” is defined in Section 2.5.

 

“Warrant
and PIPE Shares Registration Statement” is defined in Section 2.5.

 

“Warrant
Shares” is defined in the recitals to this Agreement.

 

2.
REGISTRATION RIGHTS.

 

2.1
Demand Registration.

 

2.1.1
Request for Registration. Subject to Section 2.4, at any time and from time to time after the Closing, Investors holding
a majority-in-interest of Registrable Securities then issued and outstanding may make a written demand for registration under
the Securities Act of all or part of their Registrable Securities (a “Demand Registration”). Any demand
for a Demand Registration shall specify the number of Registrable Securities proposed to be sold and the intended method(s) of
distribution thereof. Within five (5) days following receipt of any request for a Demand Registration, Parent will notify all
other Investors holding Registrable Securities of the demand, and each Investor holding Registrable Securities who wishes to include
all or a portion of such Investor’s Registrable Securities in the Demand Registration (each such Investor including shares
of Registrable Securities in such registration, a “Demanding Holder”) shall so notify Parent within
fifteen (10) days after the receipt by such Investor of the notice from Parent. Upon any such request, the Demanding Holders shall
be entitled to have their Registrable Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos
set forth in Section 3.1.1. Parent shall not be obligated to effect more than an aggregate of three (3) Demand Registrations under
this Section 2.1.1 in respect of all Registrable Securities.

 

    	 	4	 

     

    

 

2.1.2
Effective Registration. A registration will not count as a Demand Registration until the Registration Statement filed with
the SEC with respect to such Demand Registration has been declared effective and Parent has complied with all of its obligations
under this Agreement with respect thereto; provided, however, that if, after such Registration Statement has been declared effective,
the offering of Registrable Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of
the SEC or any other governmental agency or court, the Registration Statement with respect to such Demand Registration will be
deemed not to have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or otherwise
terminated, and (ii) a majority-in-interest of the Demanding Holders within thirty (30) days of such removal, rescission or termination
elect to continue the offering; provided, further, that Parent shall not be obligated to file a second Registration Statement
until a Registration Statement that has been filed is counted as a Demand Registration, is terminated or a majority-in-interest
fail to elect to continue the offering in accordance with the immediately preceding clause (ii).

 

2.1.3
Underwritten Offering. If a majority-in-interest of the Demanding Holders so elect and advise Parent as part of their written
demand for a Demand Registration that the offering of such Registrable Securities pursuant to such Demand Registration shall be
in the form of an underwritten offering, then the right of any Demanding Holder to include their Registrable Securities in such
registration shall be conditioned upon such Demanding Holder’s participation in such underwriting and the inclusion of its
Registrable Securities in the underwriting to the extent provided herein. All Demanding Holders proposing to distribute their
Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the Underwriter
or Underwriters selected for such underwriting by a majority-in-interest of the Investors initiating the Demand Registration.

 

2.1.4
Reduction of Offering. If the managing Underwriter or Underwriters for a Demand Registration that is to be an underwritten
offering advises Parent and the Demanding Holders in writing that the dollar amount or number of Registrable Securities which
the Demanding Holders desire to sell, taken together with all other Class A Common Stock or other securities which Parent desires
to sell and the Class A Common Stock or other securities, if any, as to which registration by Parent has been requested pursuant
to written contractual piggy-back registration rights held by other security holders of Parent who desire to sell, exceeds the
maximum dollar amount or maximum number of shares that can be sold in such 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 shares, as applicable, the “Maximum Number of Shares”), then Parent shall include in such
registration: (i) first, the Registrable Securities as to which Demand Registration has been requested by the Demanding Holders
(pro rata in accordance with the number of securities that each applicable Person has requested be included in such registration,
regardless of the number of securities held by each such Person), that can be sold without exceeding the Maximum Number of Shares;
(ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the Class A
Common Stock or other securities that Parent desires to sell that can be sold without exceeding the Maximum Number of Shares;
and (iii) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii),
the Class A Common Stock or other securities for the account of other Persons that Parent is obligated to register pursuant to
written contractual arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares. In the
event that Parent securities that are convertible into Class A Common Stock are included in the offering, the calculations under
this Section 2.1.4 shall include such Parent securities on an as-converted to Class A Common Stock basis.

 

    	 	5	 

     

    

 

2.1.5
Withdrawal. If a majority-in-interest of the Demanding Holders disapprove of the terms of any underwriting or are not entitled
to include all of their Registrable Securities in any offering, such majority-in-interest of the Demanding Holders may elect to
withdraw from such offering by giving written notice to Parent and the Underwriter or Underwriters of their request to withdraw
prior to the effectiveness of the Registration Statement filed with the SEC with respect to such Demand Registration. If the majority-in-interest
of the Demanding Holders withdraw from a proposed offering relating to a Demand Registration in such event, then such registration
shall not count as a Demand Registration provided for in Section 2.1. Notwithstanding anything to the contrary in this Agreement,
but subject to Section 4, the Parent shall be responsible for the Registration Expenses incurred in connection with a Registration
pursuant to a Demand Registration prior to its withdrawal under this Section 2.1.5.

 

2.2
Piggy-Back Registration.

 

2.2.1
Piggy-Back Rights. Subject to Section 2.4, if at any time after the Closing Parent proposes to file a Registration Statement
under the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable
for, or convertible into, equity securities, by Parent for its own account or for security holders of Parent for their account
(or by Parent and by security holders of Parent including pursuant to Section 2.1), other than the Warrant and PIPE Shares Registration
Statement or a Registration Statement (i) filed in connection with any employee share option or other benefit plan, (ii) for an
exchange offer or offering of securities solely to Parent’s existing shareholders, (iii) for an offering of debt that
is convertible into equity securities of Parent, (iv) for a dividend reinvestment plan, then Parent shall (x) give written notice
of such proposed filing to Investors holding Registrable Securities as soon as practicable but in no event less than ten (10)
days before the anticipated filing date, which notice shall 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, of
the offering, and (y) offer to Investors holding Registrable Securities in such notice the opportunity to register the sale of
such number of Registrable Securities as such Investors may request in writing within five (5) days following receipt of such
notice (a “Piggy-Back Registration”). To the extent permitted by applicable securities laws with respect
to such registration by Parent or another demanding shareholder, Parent shall cause such Registrable Securities to be included
in such registration and shall use its best efforts to cause the managing Underwriter or Underwriters of a proposed underwritten
offering to permit the Registrable Securities requested to be included in a Piggy-Back Registration on the same terms and conditions
as any similar securities of Parent and to permit the sale or other disposition of such Registrable Securities in accordance with
the intended method(s) of distribution thereof. All Investors holding Registrable Securities proposing to distribute their Registrable
Securities through a Piggy-Back Registration that involves an Underwriter or Underwriters shall enter into an underwriting agreement
in customary form with the Underwriter or Underwriters selected for such Piggy-Back Registration. Notwithstanding anything to
the contrary contained herein, Parent shall include the PIPE Shares, the Transferred Sponsor Warrants and the Warrant Shares of
each Investor in the Warrant and PIPE Shares Registration Statement if such Investor promptly provides to Parent upon request
(and in any event at least two (2) Business Days prior to the Warrant and PIPE Shares Registration Filing Date) all of the information
required by Section 3.4 below with respect to the Warrant and PIPE Shares Registration Statement.

 

    	 	6	 

     

    

 

2.2.2
Reduction of Offering. If the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten
offering advises Parent and the Investors holding Registrable Securities proposing to distribute their Registrable Securities
through such Piggy-Back Registration in writing that the dollar amount or number of Class A Common Stock or other Parent securities
which Parent desires to sell, taken together with (i) the Class A Common Stock or other Parent securities, if any, as to
which registration has been demanded pursuant to written contractual arrangements with Persons other than the Investors hereunder,
(ii) the Registrable Securities as to which registration has been requested under this Section 2.2, and (iii) the Class A Common
Stock or other Parent securities, if any, as to which registration has been requested pursuant to the written contractual piggy-back
registration rights of other security holders of Parent, exceeds the Maximum Number of Shares, then Parent shall include in any
such registration:

 

(a)
If the registration is undertaken for Parent’s account: (i) first, the Class A Common Stock or other securities that Parent
desires to sell that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that the Maximum Number
of Shares has not been reached under the foregoing clause (i), the Other Registrable Securities as to which piggy-back registration
has been requested pursuant to the Other Registration Rights Agreements and the Registrable Securities of the Investors as to
which registration has been requested pursuant to this Section 2.2, together that can be sold without exceeding the Maximum Number
of Shares, with the Other Registrable Securities and Registrable Securities being included pro rata in accordance with the number
of securities that each such Person has requested be included in such piggy-back registration, regardless of the number of securities
held by each such Person (such proportion is referred to herein as “Pro Rata”); and (iii) third, to
the extent that the Maximum Number of shares has not been reached under the foregoing clauses (i) and (ii), the Class A Common
Stock or other securities for the account of other Persons that Parent is obligated to register pursuant to written contractual
arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares;

 

(b)
If the registration is a “demand” registration undertaken at the demand of holders of Other Registrable Securities
under an Other Registration Rights Agreement: (i) first, the Other Registrable Securities for the account of the demanding holders
under the Other Registration Rights Agreement that can be sold without exceeding the Maximum Number of Shares; (ii) second, to
the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the Class A Common Stock or
other securities that Parent desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to
the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the Other Registrable
Securities as to which piggy-back registration has been requested pursuant to the Other Registration Rights Agreements (excluding
the holders who exercised such demand rights) and the Registrable Securities of the Investors as to which registration has been
requested pursuant to this Section 2.2, together that can be sold without exceeding the Maximum Number of Shares, with such Other
Registrable Securities and Registrable Securities being included Pro Rata; and (iv) fourth, to the extent that the Maximum Number
of Shares has not been reached under the foregoing clauses (i), (ii) and (iii), the Class A Common Stock or other securities for
the account of other Persons that Parent is obligated to register pursuant to written contractual arrangements with such Persons
and that can be sold without exceeding the Maximum Number of Shares; and

 

(c)
If the registration is a “demand” registration undertaken at the demand of Persons other than the Investors holding
Registrable Securities or the holders of Other Registrable Securities, (i) first, the Class A Common Stock or other securities
for the account of such demanding Persons that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the
extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the Class A Common Stock or other
securities that Parent desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the extent
that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the Other Registrable Securities
as to which piggy-back registration has been requested pursuant to the Other Registration Rights Agreements and the Registrable
Securities of the Investors as to which registration has been requested pursuant to this Section 2.2, together that can be sold
without exceeding the Maximum Number of Shares, with such Other Registrable Securities and Registrable Securities being included
Pro Rata; and (iv) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i),
(ii) and (iii), the Class A Common Stock or other securities for the account of other Persons that Parent is obligated to register
pursuant to written contractual arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares.

 

    	 	7	 

     

    

 

In
the event that Parent securities that are convertible into Class A Common Stock are included in the offering, the calculations
under this Section 2.2.2 shall include such Parent securities on an as-converted to Class A Common Stock basis. Notwithstanding
anything to the contrary contained above, to the extent that the registration of the Registrable Securities of the Investors would
prevent Parent or the demanding stockholders from effecting such registration and offering, such Investors shall not be permitted
to exercise Piggy-Back Registration rights with respect to such registration and offering.

 

2.2.3
Withdrawal. Any Investor holding Registrable Securities may elect to withdraw its request for inclusion of Registrable
Securities in any Piggy-Back Registration by giving written notice to Parent of such request to withdraw prior to the effectiveness
of the Registration Statement. Parent (whether on its own determination or as the result of a withdrawal by Persons making a demand
pursuant to written contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness of such
Registration Statement without any liability to the Investor, subject to the next sentence and the provisions of Section 4. Notwithstanding
any such withdrawal, Parent shall pay all expenses incurred in connection with such Piggy-Back Registration as provided in Section
3.3 by Investors holding Registrable Securities that have requested to have their Registrable Securities included in such Piggy-Back
Registration.

 

2.3
Shelf Registration. After the Closing, subject to Section 2.4, Investors holding Registrable Securities may at any time
and from time to time, request in writing that Parent, pursuant to Rule 415, register the resale of any or all of their Registrable
Securities on Form S-3, or if Form S-3 is not available to Parent, Form S-1; provided, however, that Parent shall not be obligated
to effect such request through an underwritten offering. As soon as practicable after receipt of such written request, Parent
will give written notice of the proposed registration to all other Investors holding Registrable Securities, and, as soon as practicable
thereafter Parent will effect the registration of all or such portion of Investors’ Registrable Securities as are specified
in such request, together with all or such portion of the Registrable Securities, if any, of any other Investors joining in such
request as are specified in a written request given within fifteen (15) days after receipt of such written notice from Parent;
provided, however, that Parent shall not be obligated to effect any such registration pursuant to this Section 2.3 if Investors
holding Registrable Securities, together with the holders of any other securities of Parent entitled to inclusion in such registration,
propose to sell Registrable Securities and such other securities (if any) at any aggregate price to the public of less than $1,000,000.
Registrations effected pursuant to this Section 2.3 shall not be counted as Demand Registrations effected pursuant to Section
2.1.

 

2.4
Restriction of Offerings. Notwithstanding anything to the contrary contained in this Agreement, except pursuant to Section
2.5 below, the Investors shall not be entitled to request, and Parent shall not be obligated to effect, or to take any action
to effect, any registration (including any Demand Registration or Piggy-Back Registration) pursuant to this Section 2 with respect
to any Transferred Sponsor Shares that are Registrable Securities during the applicable Lock-Up Periods (as such term is defined
in the Insider Letter) while they are subject to restrictions on transfer under the Insider Letter.

 

2.5
Warrant and PIPE Shares Registration Statement. On or prior to February 14, 2018 (the “Warrant and PIPE Shares
Registration Filing Date”), Parent will prepare and file with the SEC pursuant to Rule 415 a Registration Statement
(the “Warrant and PIPE Shares Registration Statement”) to register, among other things, the resale of
the Transferred Sponsor Warrants, the PIPE Shares and the Warrant Shares, which Warrant and PIPE Shares Registration Statement
will not be treated as a Demand Registration for purposes of Section 2.1.1 but will be treated as Registration all other purposes
of this Agreement, including Sections 3 and 4 hereof; provided, that the Transferred Sponsor Warrants, the PIPE Shares, and Warrant
Shares of each Investor will be included for registration in the Warrant and PIPE Shares Registration Statement only to the extent
that such Investor promptly provides to Parent upon request (and in any event at least two (2) Business Days prior to the Warrant
and PIPE Shares Registration Filing Date) all of the information required by Section 3.4 below with respect to the Warrant and
PIPE Shares Registration Statement.

 

    	 	8	 

     

    

 

3.
REGISTRATION PROCEDURES.

 

3.1
Filings; Information. Whenever Parent is required to effect the registration of any Registrable Securities by Investors
pursuant to Section 2, Parent shall use its best efforts to effect the registration and sale of such Registrable Securities in
accordance with the intended method(s) of distribution thereof as expeditiously as practicable, and in connection with any such
request:

 

3.1.1
Filing Registration Statement. Parent shall use its best efforts to, as expeditiously as possible, but in no event more
than forty-five (45) days, after receipt of a request for a Demand Registration pursuant to Section 2.1, prepare and file with
the SEC a Registration Statement on any form for which Parent then qualifies or which counsel for Parent shall deem appropriate
and which form shall be available for the sale of all Registrable Securities to be registered thereunder in accordance with the
intended method(s) of distribution thereof, and shall use its best efforts to cause such Registration Statement to become effective
as soon as practicable, but in no event later than seventy-five (75) days after the filing of such Registration Statement, and
use its best efforts to keep it effective for the period required by Section 3.1.3; provided, however, that Parent shall have
the right to defer any Demand Registration for up to an additional fifteen (15) days, and any Piggy-Back Registration for such
period as may be applicable to deferment of any demand registration to which such Piggy-Back Registration relates, in each case
if Parent shall furnish to Investors requesting to include their Registrable Securities in such registration a certificate signed
by the President, Chief Executive Officer or Chairman of Parent stating that, in the good faith judgment of the Board of Directors
of Parent, it would be materially detrimental to Parent and its shareholders for such Registration Statement to be effected at
such time; provided further, however, that Parent shall not have the right to exercise the right set forth in the immediately
preceding proviso more than once in any 365-day period in respect of a Demand Registration hereunder.

 

3.1.2
Copies. Parent shall, prior to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish
without charge to Investors holding Registrable Securities included in such registration, and such Investors’ 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 Investors holding Registrable Securities included
in such registration or legal counsel for such Investors may request in order to facilitate the disposition of the Registrable
Securities owned by such Investors.

 

3.1.3
Amendments and Supplements. Parent shall prepare and file with the SEC such amendments, including post-effective amendments,
and supplements to such Registration Statement and the prospectus used in connection therewith as may be necessary to keep such
Registration Statement effective and in compliance with the provisions of the Securities Act until all Registrable Securities
and other securities covered by such Registration Statement have been disposed of in accordance with the intended method(s) of
distribution set forth in such Registration Statement or such securities have been withdrawn or until such time as the Registrable
Securities cease to be Registrable Securities as defined by this Agreement.

 

    	 	9	 

     

    

 

3.1.4
Notification. After the filing of a Registration Statement, Parent shall promptly, and in no event more than three (3)
Business Days after such filing, notify Investors holding Registrable Securities included in such Registration Statement of such
filing, and shall further notify such Investors promptly and confirm such advice in writing in all events within three (3) Business
Days after the occurrence of any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective
amendment to such Registration Statement becomes effective; (iii) the issuance or threatened issuance by the SEC of any stop order
(and Parent shall take all actions required to prevent the entry of such stop order or to remove it if entered); (iv) subject
to the last sentence of this Section 3.1.4, the occurrence or existence of any pending corporate development with respect to the
Parent that Parent believes may be material and that, in the determination of Parent’s Board of Directors, makes it not
in the best interest of Parent to allow continued availability of such Registration Statement or any prospectus relating thereto;
and (v) any request by the SEC for any amendment or supplement to such Registration Statement or any prospectus relating thereto
or for additional information or of the occurrence of an event requiring the preparation of a supplement or amendment to such
prospectus so that, as thereafter delivered to the purchasers of the securities covered by such Registration Statement, such prospectus
will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary
to make the statements therein not misleading, and promptly make available to Investors holding Registrable Securities included
in such Registration Statement any such supplement or amendment; except that before filing with the SEC a Registration Statement
or prospectus or any amendment or supplement thereto, Parent shall furnish to Investors holding Registrable Securities included
in such Registration Statement and the legal counsel of such Investors copies of all such documents proposed to be filed sufficiently
in advance of filing to provide such Investors and legal counsel with a reasonable opportunity to review such documents and comment
thereon, and Parent shall not file any Registration Statement or prospectus or amendment or supplement thereto to which such Investors
or their legal counsel shall object. In no event shall any notification pursuant to this Agreement contain any information which
would constitute material, non-public information regarding the Parent or any of its subsidiaries.

 

3.1.5
State Securities Laws Compliance. Prior to any public offering of Registrable Securities, Parent shall use its best 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 Investors holding Registrable Securities included in such Registration
Statement (in light of their intended plan of distribution) may reasonably request 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 Parent and do any and all other acts and things that
may be necessary or advisable to enable Investors holding Registrable Securities included in such Registration Statement to consummate
the disposition of such Registrable Securities in such jurisdictions; provided, however, that Parent shall not be required to
qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph
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.

 

3.1.6
Agreements for Disposition. Parent shall enter into customary agreements (including, if applicable, an underwriting agreement
in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of
such Registrable Securities. The representations, warranties and covenants of Parent in any underwriting agreement which are made
to or for the benefit of any Underwriters, to the extent applicable, shall also be made to and for the benefit of Investors holding
Registrable Securities included in such Registration Statement. No Investor holding Registrable Securities included in such Registration
Statement shall be required to make any representations or warranties in the underwriting agreement except, if applicable, with
respect to such Investor’s organization, good standing, authority, title to Registrable Securities, lack of conflict of
such sale with such Investor’s material agreements and organizational documents, and with respect to written information
relating to such Investor that such Investor has furnished in writing expressly for inclusion in such Registration Statement.

 

    	 	10	 

     

    

 

3.1.7
Cooperation. The principal executive officer of Parent, the principal financial officer of Parent, the principal accounting
officer of Parent and all other officers and members of the management of Parent shall cooperate fully in any offering of Registrable
Securities hereunder, which cooperation shall include the preparation of the Registration Statement with respect to such offering
and all other offering materials and related documents, and participation in meetings with Underwriters, attorneys, accountants
and potential investors.

 

3.1.8
Records. Parent shall make available for inspection by Investors holding Registrable Securities included in such Registration
Statement, any Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant
or other professional retained by any Investor holding Registrable Securities included in such Registration Statement or any Underwriter,
all financial and other records, pertinent corporate documents and properties of Parent, as shall be necessary to enable them
to exercise their due diligence responsibility, and cause Parent’s officers, directors and employees to supply all information
requested by any of them in connection with such Registration Statement.

 

3.1.9
Opinions and Comfort Letters. Parent shall furnish to each Investor holding Registrable Securities included in such Registration
Statement a signed counterpart, addressed to such Investor, of (i) any opinion of counsel to Parent delivered to any Underwriter
and (ii) any comfort letter from Parent’s independent public accountants delivered to any Underwriter. In the event no legal
opinion is delivered to any Underwriter, Parent shall furnish to each Investor holding Registrable Securities included in such
Registration Statement, at any time that such Investor elects to use a prospectus, an opinion of counsel to Parent to the effect
that the Registration Statement containing such prospectus has been declared effective and that no stop order is in effect.

 

3.1.10
Earnings Statement. Parent shall comply with all applicable rules and regulations of the SEC and the Securities Act, and
make available to its shareholders, as soon as practicable, an earnings statement covering a period of twelve (12) months, which
earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder.

 

3.1.11
Listing. Parent shall use its best efforts to cause all Registrable Securities that are Class A Common Stock included in
any registration to be listed on such exchanges or otherwise designated for trading in the same manner as similar securities issued
by Parent are then listed or designated or, if no such similar securities are then listed or designated, in a manner satisfactory
to Investors holding a majority-in-interest of the Registrable Securities included in such registration.

 

3.1.12
Road Show. If the registration involves the registration of Registrable Securities involving gross proceeds in excess of
$25,000,000, Parent shall make available senior executives of Parent to participate in customary “road show” presentations
that may be reasonably requested by the Underwriter in any underwritten offering.

 

3.2
Obligation to Suspend Distribution. Upon receipt of any notice from Parent of the happening of any event of the kind described
in Section 3.1.4(iii), (iv) or (v), each Investor holding Registrable Securities included in such Registration Statement shall
immediately discontinue disposition of its Registrable Securities pursuant to the Registration Statement covering such Registrable
Securities until such Investor receives the supplemented or amended prospectus contemplated by Section 3.1.4(iii), (iv) or (v)
to the extent required, and, if so directed by Parent, each such Investor will deliver to Parent all copies, other than permanent
file copies then in such Investor’s possession, of the most recent prospectus covering such Registrable Securities at the
time of receipt of such notice. Parent shall be entitled to exercise its right under this Section 3.2 to suspend the availability
of a Registration Statement and related prospectus for a period not to exceed thirty (30) calendar days once in any 365-day period.

 

    	 	11	 

     

    

 

3.3
Registration Expenses. Subject to Section 4, Parent shall bear all costs and expenses incurred in connection with any Demand
Registration pursuant to Section 2.1, any Piggy-Back Registration pursuant to Section 2.2, and any registration on Form S-3
effected pursuant to Section 2.3, and all expenses incurred in performing or complying with its other obligations under this Agreement,
whether or not the Registration Statement becomes effective (“Registration Expenses”), including: (i)
all registration and filing fees; (ii) fees and expenses of compliance with securities or “blue sky” laws (including
fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities); (iii) printing expenses;
(iv) Parent’s internal expenses (including all salaries and expenses of its officers and employees); (v) the fees and expenses
incurred in connection with the listing of the Registrable Securities as required by Section 3.1.11; (vi) Financial Industry Regulatory
Authority fees; (vii) fees and disbursements of counsel for Parent and fees and expenses for independent certified public accountants
retained by Parent (including the expenses or costs associated with the delivery of any opinions or comfort letters requested
pursuant to Section 3.1.9); (viii) the fees and expenses of any special experts retained by Parent in connection with such registration;
(ix) any underwriting discounts or selling commissions, placement agent or broker fees or similar discounts, commissions or fees
and any related expenses with respect to the sale of Registrable Securities by any Investor; and (x) the fees and expenses of
one legal counsel selected by Investors holding a majority-in-interest of the Registrable Securities included in such registration.

 

3.4
Information. Investors holding Registrable Securities included in such Registration Statement shall provide such information
as may reasonably be requested by Parent, or the managing Underwriter, if any, in connection with the preparation of any Registration
Statement including any Registrable Securities of the Investors, including amendments and supplements thereto, in order to effect
the registration of any Registrable Securities under the Securities Act pursuant to Section 2 and in connection with the obligation
to comply with federal and applicable state securities laws.

 

4.
INDEMNIFICATION AND CONTRIBUTION.

 

4.1
Indemnification by Parent. Parent agrees to indemnify and hold harmless each Investor, and each Investor’s officers,
employees, affiliates, directors, partners, members, attorneys and agents, and each Person, if any, who controls an Investor (within
the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) (each, an “Investor Indemnified
Party”), from and against any expenses, losses, judgments, claims, damages or liabilities, whether joint or several,
arising out of or based upon any untrue statement of a material fact contained in any Registration Statement under which the sale
of such Registrable Securities was registered under the Securities Act, any preliminary prospectus, final prospectus or summary
prospectus contained in the Registration Statement, or any amendment or supplement to such Registration Statement, or arising
out of or based upon any omission to state a material fact required to be stated therein or necessary to make the statements therein
not misleading, or any violation by Parent of the Securities Act or any rule or regulation promulgated thereunder applicable to
Parent and relating to action or inaction required of Parent in connection with any such registration; and Parent shall promptly
reimburse the Investor Indemnified Party for any legal and any other expenses reasonably incurred by such Investor Indemnified
Party in connection with investigating and defending any such expense, loss, judgment, claim, damage, liability or action; provided,
however, that Parent will not be liable in any such case to the extent that any such expense, loss, claim, damage or liability
arises out of or is based upon any untrue statement or omission made in such Registration Statement, preliminary prospectus, final
prospectus, or summary prospectus, or any such amendment or supplement, in reliance upon and in conformity with information furnished
to Parent, in writing, by such selling holder expressly for use therein. Parent also shall indemnify any Underwriter of the Registrable
Securities, their officers, affiliates, directors, partners, members and agents and each Person who controls such Underwriter
on substantially the same basis as that of the indemnification provided above in this Section 4.1.

 

    	 	12	 

     

    

 

4.2
Indemnification by the Investors. Each Investor selling Registrable Securities will, in the event that any registration
is being effected under the Securities Act pursuant to this Agreement of any Registrable Securities held by such selling Investor,
indemnify and hold harmless Parent, each of its directors and officers and each Underwriter (if any), and each other selling holder
and each other Person, if any, who controls another selling holder or such Underwriter within the meaning of the Securities Act,
against any losses, claims, judgments, damages or liabilities, whether joint or several, insofar as such losses, claims, judgments,
damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement of a material fact
contained in any Registration Statement under which the sale of such Registrable Securities was registered under the Securities
Act, any preliminary prospectus, final prospectus or summary prospectus contained in the Registration Statement, or any amendment
or supplement to the Registration Statement, or arise out of or are based upon any omission to state a material fact required
to be stated therein or necessary to make the statement therein not misleading, if the statement or omission was made in reliance
upon and in conformity with information furnished in writing to Parent by such Investor expressly for use therein, and shall reimburse
Parent, its directors and officers, each Underwriter and each other selling holder or controlling Person for any legal or other
expenses reasonably incurred by any of them in connection with investigation or defending any such loss, claim, damage, liability
or action. Each selling Investor’s indemnification obligations hereunder shall be several and not joint and shall be limited
to the amount of any net proceeds actually received by such selling Investor.

 

4.3
Conduct of Indemnification Proceedings. Promptly after receipt by any Person of any notice of any loss, claim, damage or
liability or any action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such Person (the “Indemnified
Party”) shall, if a claim in respect thereof is to be made against any other Person for indemnification hereunder,
notify such other Person (the “Indemnifying Party”) in writing of the loss, claim, judgment, damage,
liability or action; provided, however, that the failure by the Indemnified Party to notify the Indemnifying Party shall not relieve
the Indemnifying Party from any liability which the Indemnifying Party may have to such Indemnified Party hereunder, except and
solely to the extent the Indemnifying Party is actually prejudiced by such failure. If the Indemnified Party is seeking indemnification
with respect to any claim or action brought against the Indemnified Party, then the Indemnifying Party shall be entitled to participate
in such claim or action, and, to the extent that it wishes, jointly with all other Indemnifying Parties, to assume control of
the defense thereof with counsel satisfactory to the Indemnified Party. After notice from the Indemnifying Party to the Indemnified
Party of its election to assume control of the defense of such claim or action, the Indemnifying Party shall not be liable to
the Indemnified Party for any legal or other expenses subsequently incurred by the Indemnified Party in connection with the defense
thereof other than reasonable costs of investigation; provided, however, that in any action in which both the Indemnified Party
and the Indemnifying Party are named as defendants, the Indemnified Party shall have the right to employ separate counsel (but
no more than one such separate counsel) to represent the Indemnified Party and its controlling Persons who may be subject to liability
arising out of any claim in respect of which indemnity may be sought by the Indemnified Party against the Indemnifying Party,
with the fees and expenses of such counsel to be paid by such Indemnifying Party if, based upon the written opinion of counsel
of such Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential
differing interests between them. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, consent
to entry of judgment or effect any settlement of any claim or pending or threatened proceeding in respect of which the Indemnified
Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such judgment
or settlement includes an unconditional release of such Indemnified Party from all liability arising out of such claim or proceeding.

 

    	 	13	 

     

    

 

4.4
Contribution.

 

4.4.1
If the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect
of any loss, claim, damage, liability or action referred to herein, then each such Indemnifying Party, in lieu of indemnifying
such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such loss, claim,
damage, liability or action in such proportion as is appropriate to reflect the relative fault of the Indemnified Parties and
the Indemnifying Parties in connection with the actions or omissions which resulted in such loss, claim, damage, liability or
action, as well as any other relevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying
Party shall be determined by reference to, among other things, whether the untrue statement of a material fact or the omission
to state a material fact relates to information supplied by such Indemnified Party or such Indemnifying Party and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.

 

4.4.2
The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.4 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 the immediately preceding Section 4.4.1.

 

4.4.3
The amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in
the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other
expenses incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding
the provisions of this Section 4.4, no holder of Registrable Securities shall be required to contribute any amount in excess of
the dollar amount of the net proceeds (after payment of any underwriting fees, discounts, commissions or taxes) actually received
by such holder from the sale of Registrable Securities which gave rise to such contribution obligation. No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation.

 

5.
UNDERWRITING AND DISTRIBUTION.

 

5.1
Rule 144. Parent covenants that it shall file any reports required to be filed by it under the Securities Act and the Exchange
Act and shall take such further action as Investors holding Registrable Securities may reasonably request, all to the extent required
from time to time to enable such Investors to sell Registrable Securities without registration under the Securities Act within
the limitation of the exemptions provided by Rule 144 under the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the SEC.

 

6.
MISCELLANEOUS.

 

6.1
Other Registration Rights. Parent represents and warrants that as of the date of this Agreement, no Person, other than
the holders of (i) the Registrable Securities, (ii) the Founder Securities, (iii) the InnoHold Securities and (iv) the Other PIPE
Registrable Securities, has any right to require Parent to register any of Parent’s capital stock for sale or to include
Parent’s capital stock in any registration filed by Parent for the sale of capital stock for its own account or for the
account of any other Person.

 

    	 	14	 

     

    

 

6.2
Assignment; No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of Parent hereunder may
not be assigned or delegated by Parent in whole or in part. This Agreement and the rights, duties and obligations of Investors
holding Registrable Securities hereunder may be freely assigned or delegated by such Investor in conjunction with and to the extent
of any permitted transfer of Registrable Securities by such Investor. This Agreement and the provisions hereof shall be binding
upon and shall inure to the benefit of each of the parties, to the permitted assigns of the Investors or of any assignee of the
Investors. This Agreement is not intended to confer any rights or benefits on any Persons that are not party hereto other than
as expressly set forth in Article 4 and this Section 6.2.

 

6.3
Notices. All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have
been duly given when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt,
(iii) one Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3)
Business Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case
to the applicable Party at the following addresses (or at such other address for a Party as shall be specified by like notice):

 

	If
                                         to Parent, to:

                                                                                                                                                                   

        Purple
        Innovation, Inc.

        123 E. 200 N.

        Alpine, UT 84004

        Attn: Casey McGarvey

        Email: casey@purple.com
	With
                                         a copy to (which shall not constitute notice):

                                                                                                                                                                   

        Dorsey
        & Whitney LLP

        111 S. Main St., Suite 2100

        Salt Lake City, UT 84111

        Attn:  Nolan S. Taylor

        Email:  taylor.nolan@dorsey.com

        Fax:    (801) 933-7373

        Tel:     (801) 933-7366

	If
    to an Investor, to the address set forth next to such Investor’s name on Exhibit A hereto.

 

6.4
Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision
hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore,
in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part
of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible that is valid
and enforceable.

 

6.5
Counterparts. This Agreement may be executed in multiple counterparts (including by facsimile or pdf or other electronic
document transmission), each of which shall be deemed an original, and all of which taken together shall constitute one and the
same instrument.

 

6.6
Entire Agreement. This Agreement (together with the Subscription Agreement to the extent incorporated herein, and including
all agreements entered into pursuant hereto or thereto or referenced herein or therein and all certificates and instruments delivered
pursuant hereto and thereto) constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes
all prior and contemporaneous agreements, representations, understandings, negotiations and discussions between the parties, whether
oral or written, relating to the subject matter hereof. For the avoidance of doubt, the Investors acknowledge and agree that notwithstanding
anything to the contrary contained herein or in the Subscription Agreement, they shall have no rights under the Founder Registration
Rights Agreement, including with respect to the Transferred Sponsor Shares, the Transferred Sponsor Warrants and the Warrant Shares.

 

    	 	15	 

     

    

 

6.7
Interpretation. Titles and headings of sections of this Agreement are for convenience only and shall not affect the construction
of any provision of this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this Agreement
shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall
include the plural and vice versa; (ii) “including” (and with correlative meaning “include”) means including
without limiting the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed
by the words “without limitation”; (iii) the words “herein,” “hereto,” and “hereby”
and other words of similar import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not
to any particular section or other subdivision of this Agreement; and (iv) the term “or” means “and/or”.
The parties have participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity
or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto,
and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision
of this Agreement.

 

6.8
Amendments; Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be
waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written agreement
or consent of Parent and Investors holding a majority-in-interest of the Registrable Securities. No failure or delay by a party
in exercising any right hereunder shall operate as a waiver thereof. No waivers of or exceptions to any term, condition, or provision
of this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such
term, condition, or provision

 

6.9
Remedies Cumulative. In the event a party fails to observe or perform any covenant or agreement to be observed or performed
under this Agreement, the other parties may proceed to protect and enforce its rights by suit in equity or action at law, whether
for specific performance of any term contained in this Agreement or for an injunction against the breach of any such term or in
aid of the exercise of any power granted in this Agreement or to enforce any other legal or equitable right, or to take any one
or more of such actions, without being required to post a bond. None of the rights, powers or remedies conferred under this Agreement
shall be mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to any other right, power
or remedy, whether conferred by this Agreement or now or hereafter available at law, in equity, by statute or otherwise.

 

6.10
Governing Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the laws of
the State of Delaware without regard to the conflict of laws principles thereof. All actions, claims or other legal proceedings
arising out of or relating to this Agreement (a “Proceeding”) shall be heard and determined exclusively
in any state or federal court located in the State of Delaware (or in any court in which appeal from such courts may be taken)
(the “Specified Courts”). Each party hereto hereby (a) submits to the exclusive jurisdiction of any
Specified Court for the purpose of any Proceeding brought by any party hereto and (b) irrevocably waives, and agrees not
to assert by way of motion, defense or otherwise, in any such Proceeding, any claim that it is not subject personally to the jurisdiction
of the above-named courts, that its property is exempt or immune from attachment or execution, that the Proceeding is brought
in an inconvenient forum, that the venue of the Proceeding is improper, or that this Agreement or the transactions contemplated
hereby may not be enforced in or by any Specified Court. Each party agrees that a final judgment in any Proceeding shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by applicable law. Each party
irrevocably consents to the service of the summons and complaint and any other process in any Proceeding, on behalf of itself,
or its property, by personal delivery of copies of such process to such party at the applicable address set forth in Section 6.3.
Nothing in this Section 6.10 shall affect the right of any party to serve legal process in any other manner permitted by applicable
law.

 

6.11
WAIVER OF TRIAL BY JURY. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION,
SUIT, COUNTERCLAIM OR OTHER PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, CONNECTED WITH OR RELATING
TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE ACTIONS OF THE INVESTORS IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE
OR ENFORCEMENT HEREOF.

 

{REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGES FOLLOW}

 

    	 	16	 

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be executed and delivered as of the date first
written above.

 

	 
	Parent:
	 	 
	 	Global
    Partner Acquisition Corp.
	 	 	 
	 	By:
    	/s/
    Paul Zepf
	 	Name:  	Paul
    Zepf
	 	Title:  	Chief
    Executive Officer

 

	 	Investors:
	 	 	 
	 	Coliseum
    Capital Partners, L.P.
	 	 	 	 
	 	By:	Coliseum
    Capital, LLC, 
 its General
    Partner
	 	 	 	 
	 	 	By:
    	/s/
    Adam Gray
	 	 	Name:  	Adam
    Gray
	 	 	Title:  	Manager
	 	 	 	 
	 	Blackwell
    partners llc – series A
	 	 	 	 
	 	By:	Coliseum
    Capital Management, LLC, 
 Attorney-in-Fact
	 	 	 	 
	 	 	By:
    	/s/
    Adam Gray
	 	 	Name:  	Adam
    Gray
	 	 	Title:  	Managing
    Partner
	 	 	 	 
	 	Coliseum
    Co-Invest Debt Fund, L.P.
	 	 	 	 
	 	By:	Coliseum
    Capital, LLC,
	 	 	its
    General Partner
	 	 	 	 
	 	 	By:
    	/s/
    Adam Gray
	 	 	Name:  	Adam
    Gray
	 	 	Title:  	Manager

 

[Signature
Page to Registration Rights Agreement]

 

    	 	17	 

     

    

 

EXHIBIT
A

Investors

 

	Name
    of Investor	Address
    of Investor
	Coliseum
    Capital Partners, L.P.	c/o
                                         Coliseum Capital Management, LLC

                                         105 Rowayton Avenue

                                         Rowayton, CT 06853

                                         Attn: Adam Gray; Christopher Shackelton; and Chivonne Cassar

                                         Email:   agray@coliseumpartners.com;
                                         chris@coliseumpartners.com;

                                                        ccassar@coliseumpartners.com

         

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

         

        Paul
        Hastings LLC

        200 Park Avenue

        New York, NY 10166

        Attn: Barry Brooks

        Email: barrybrooks@paulhastings.com

	Blackwell
    Partners LLC – Series A	c/o
                                         Coliseum Capital Management, LLC

                                         105 Rowayton Avenue

                                         Rowayton, CT 06853

                                         Attn: Adam Gray; Christopher Shackelton; and Chivonne Cassar

                                         Email:   agray@coliseumpartners.com;
                                         chris@coliseumpartners.com;

                                                        ccassar@coliseumpartners.com

                                                                                                                                                         

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

         

        Paul
        Hastings LLC

        200 Park Avenue

        New York, NY 10166

        Attn: Barry Brooks

        Email: barrybrooks@paulhastings.com

	Coliseum
    Co-Invest Debt Fund, L.P.	c/o
                                         Coliseum Capital Management, LLC

                                         105 Rowayton Avenue

                                         Rowayton, CT 06853

                                         Attn: Adam Gray; Christopher Shackelton; and Chivonne Cassar

                                         Email:  agray@coliseumpartners.com;
                                         chris@coliseumpartners.com;

                                                       ccassar@coliseumpartners.com

         

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

         

        Paul
        Hastings LLC

        200 Park Avenue

        New York, NY 10166

        Attn: Barry Brooks

        Email: barrybrooks@paulhastings.com

 

 

A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00279-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00279-of-00352.parquet"}]]