Document:

Exhibit 10.2

 

February 16, 2021

 

Safe-T Group Ltd.

8 Abba Eban Avenue

Herzliya, 4672526 Israel

Attention:

 

Dear Mr. Daniel:

 

This letter (the “Agreement”)
constitutes the agreement between A.G.P./Alliance Global Partners, as sole placement agent (“A.G.P.”, also referred
to herein as, the “Placement Agent”), and Safe-T Group Ltd., a company organized under the laws of Israel (the
“Company”), that the Placement Agent shall serve as the Placement Agent for the Company, on a “reasonable
best efforts” basis, in connection with the proposed placement (the “Placement”) of American Depositary
Shares (the “ADSs”) Representing the Company’s Ordinary Shares, no par value (the “Shares”)
and/or pre-funded warrants to purchase ADSs (the “Pre-funded Warrants”). The Shares and/or Pre-funded Warrants
actually placed by the Placement Agent are referred to herein as the “Placement Agent Securities.” The Placement
Agent Securities shall be offered and sold under the Company’s registration statement on Form F-3 (File No. 333-235367),
which was declared effective by the Securities and Exchange Commission (the “Commission”) on December 16, 2019.
The documents executed and delivered by the Company and the Purchasers (as defined below) in connection with the Placement, including,
without limitation, a securities purchase agreement (the “Purchase Agreement”), shall be collectively referred
to herein as the “Transaction Documents.” The purchase price to the Purchasers for each ADS is $2.00 and for
each Pre-funded Warrant is $1.999. The Placement Agent may retain other brokers or dealers to act as sub-agents or selected-dealers
on its behalf in connection with the Placement. 

 

The terms of the Placement
shall be mutually agreed upon by the Company and the purchasers listed in the Purchase Agreement (each, a “Purchaser”
and collectively, the “Purchasers”), and nothing herein constitutes that the Placement Agent would have the
power or authority to bind the Company or any Purchaser, or an obligation for the Company will issue any Securities or complete
the Placement. The Company expressly acknowledges and agrees that the Placement Agent’s obligations hereunder are on a reasonable
best efforts basis only and that the execution of this Agreement does not constitute a commitment by the Placement Agent to purchase
the Securities and does not ensure the successful placement of the Securities or any portion thereof or the success of the Placement
Agent with respect to securing any other financing on behalf of the Company. Certain affiliates of the Placement Agent may participate
in the Placement by purchasing some of the Placement Agent Securities. The sale of Placement Agent Securities to any Purchaser
will be evidenced by the Purchase Agreement between the Company and such Purchaser, in a form reasonably acceptable to the Company
and the Purchaser. Capitalized terms that are not otherwise defined herein have the meanings given to such terms in the Purchase
Agreement. Prior to the signing of any Purchase Agreement, officers of the Company will be available to answer inquiries from prospective
Purchasers.

 

SECTION 1. REPRESENTATIONS
AND WARRANTIES OF THE COMPANY; COVENANTS OF THE COMPANY.

 

A. Representations
of the Company. With respect to the Placement Agent Securities, each of the representations and warranties (together with any
related disclosure schedules thereto) and covenants made by the Company to the Purchasers in the Purchase Agreement in connection
with the Placement is hereby incorporated herein by reference into this Agreement (as though fully restated herein) and is, as
of the date of this Agreement and as of the Closing Date, hereby made to, and in favor of, the Placement Agent. In addition to
the foregoing, the Company represents and warrants that there are no affiliations with any FINRA (as defined below) member firm
among the Company’s officers, directors or, to the knowledge of the Company, any five percent (5.0%) or greater stockholder
of the Company, except as set forth in the Purchase Agreement and SEC Reports.

 

B. Covenants
of the Company. The Company covenants and agrees to continue to retain (i) a firm of Public Company Accounting Oversight
Board independent registered public accountants for a period of at least two (2) years after the Closing Date and (ii) a nationally
recognized transfer agent with respect to the Shares for a period of two (2) years after the Closing Date. Furthermore, (i) for
thirty (30) trading days after the closing date of the Placement, the Company shall not, without the prior written consent of the
Placement Agent, issue, enter into any agreement to issue or announce the issuance or proposed issuance of any Placement Agent
Securities or Ordinary Share Equivalents (as defined in the Purchase Agreement) and (ii) except for offerings with the Placement
Agent, for thirty (30) trading days after the closing date of the Placement, the Company shall not effect or enter into an agreement
to effect any issuance of Placement Agent Securities or Ordinary Share Equivalents involving an at-the-market offering or Variable
Rate Transaction (as defined in the Purchase Agreement).

 

     

     

    

 

SECTION 2. REPRESENTATIONS
OF THE PLACEMENT AGENT. The Placement Agent, represents and warrants that it (i) is a member in good standing of the Financial
Industry Regulatory Authority (“FINRA”), (ii) is registered as a broker/dealer under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), (iii) is licensed as a broker/dealer under the laws of the United
States of America, applicable to the offers and sales of the Placement Agent Securities by the Placement Agent, (iv) is and will
be a corporate body validly existing under the laws of its place of incorporation, and (v) has full power and authority to enter
into and perform its obligations under this Agreement. The Placement Agent will immediately notify the Company in writing of any
change in its status with respect to subsections (i) through (v) above. The Placement Agent covenants that it will use its reasonable
best efforts to conduct the Placement hereunder in compliance with the provisions of this Agreement and the requirements of applicable
law.

 

SECTION 3. COMPENSATION.
In consideration of the services to be provided for hereunder, the Company shall pay to the Placement Agent or its respective designees
a total cash fee equal to seven percent (7%) of gross proceeds from the Placement of the total amount of Placement Agent Securities
sold, less reimbursements for Company expenses incurred in connection with the Placement in an amount to be agreed upon by the
parties. A.G.P. reserves the right to reduce any item of compensation, including the reimbursement of expenses described below,
or adjust the terms thereof as specified herein in the event that a determination shall be made by FINRA to the effect that the
Placement Agent’s aggregate compensation is in excess of FINRA Rules or that the terms thereof require adjustment.

 

SECTION 4. EXPENSES.
The Company agrees to pay all costs, fees and expenses incurred by the Company in connection with the performance of its obligations
hereunder and in connection with the transactions contemplated hereby, including, without limitation: (i) all expenses incident
to the issuance, delivery and qualification of the Securities (including all printing and engraving costs); (ii) all fees and expenses
of the registrar and transfer agent of the Shares; (iii) all necessary issue, transfer and other stamp taxes in connection with
the issuance and sale of the Placement Agent Securities; (iv) all fees and expenses of the Company’s counsel, independent
public or certified public accountants and other advisors; (v) all costs and expenses incurred in connection with the preparation,
printing, filing, shipping and distribution of the Registration Statement (including financial statements, exhibits, schedules,
consents and certificates of experts), the Base Prospectus and each Prospectus Supplement, and all amendments and supplements thereto,
and this Agreement; (vi) all filing fees, reasonable attorneys’ fees and expenses incurred by the Company in connection with
qualifying or registering (or obtaining exemptions from the qualification or registration of) all or any part of the Securities
for offer and sale under the state securities or blue sky laws or the securities laws of any other country; and (vii) the fees
and expenses associated with including the Securities on the Trading Market. The Company shall not be obligated to pay the Placement
Agent for any of their expenses related to the transactions contemplated herein.

 

SECTION 5. INDEMNIFICATION.

 

A. To the extent permitted
by law, with respect to the Placement Agent Securities, the Company will indemnify the Placement Agent and its affiliates, stockholders,
directors, officers, employees, members and controlling persons (within the meaning of Section 15 of the Securities Act or Section
20 of the Exchange Act) against all losses, claims, damages, expenses and liabilities, as the same are incurred (including the
reasonable fees and expenses of counsel), relating to or arising out of its activities hereunder or pursuant to this Agreement,
except to the extent that any losses, claims, damages, expenses or liabilities (or actions in respect thereof) are found in a final
judgment (not subject to appeal) by a court of law to have resulted primarily and directly from a Placement Agent’s willful
misconduct or gross negligence in performing the services described herein.

 

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B. Promptly after receipt
by the Placement Agent of notice of any claim or the commencement of any action or proceeding with respect to which the Placement
Agent are entitled to indemnity hereunder, the Placement Agent will notify the Company in writing of such claim or of the commencement
of such action or proceeding, but failure to so notify the Company shall not relieve the Company from any obligation it may have
hereunder, except and only to the extent such failure results in the forfeiture by the Company of substantial rights and defenses.
If the Company so elects or is requested by the Placement Agent, the Company will assume the defense of such action or proceeding
and will employ counsel reasonably satisfactory to the Placement Agent and will pay the fees and expenses of such counsel. Notwithstanding
the preceding sentence, each of Placement Agent will be entitled to employ its own counsel separate from counsel for the Company
and from any other party in such action if counsel for any Placement Agent reasonably determines that it would be inappropriate
under the applicable rules of professional responsibility for the same counsel to represent both the Company and the Placement
Agent. In such event, the reasonable fees and disbursements of no more than one such separate counsel will be paid by the Company,
in addition to fees of local counsel. The Company will have the right to settle the claim or proceeding, provided that the Company
will not settle any such claim, action or proceeding without the prior written consent of the Placement Agent, which will not be
unreasonably withheld.

 

C. The Company agrees
to notify the Placement Agent promptly of the assertion against it or any other person of any claim or the commencement of any
action or proceeding relating to a transaction contemplated by this Agreement.

 

D. If for any reason
the foregoing indemnity is unavailable to the Placement Agent or insufficient to hold the Placement Agent harmless, then the Company
shall contribute to the amount paid or payable by the Placement Agent as a result of such losses, claims, damages or liabilities
in such proportion as is appropriate to reflect not only the relative benefits received by the Company on the one hand and the
Placement Agent on the other, but also the relative fault of the Company on the one hand and the liable Placement Agent on the
other that resulted in such losses, claims, damages or liabilities, as well as any relevant equitable considerations. The amounts
paid or payable by a party in respect of losses, claims, damages and liabilities referred to above shall be deemed to include any
legal or other fees and expenses incurred in defending any litigation, proceeding or other action or claim. Notwithstanding the
provisions hereof, the liable Placement Agent’s share of the liability hereunder shall not be in excess of the amount of
fees actually received, or to be received, by such Placement Agent under this Agreement (excluding any amounts received as reimbursement
of expenses incurred by such Placement Agent).

 

E. These indemnification
provisions shall remain in full force and effect whether or not the transaction contemplated by this Agreement is completed and
shall survive the termination of this Agreement, and shall be in addition to any liability that the Company might otherwise have
to any indemnified party under this Agreement or otherwise.

 

SECTION 6. ENGAGEMENT
TERM. The Placement Agent’s engagement hereunder will be until the earlier of (i) February 26, 2021 and (ii) the Closing
Date. The date of termination of this Agreement is referred to herein as the “Termination Date.” In the event,
however, in the course of the Placement Agent’s performance of due diligence it deems, it necessary to terminate the engagement,
the Placement Agent may do so prior to the Termination Date. The Company may elect to terminate the engagement hereunder for any
reason prior to the Termination Date but will remain responsible for fees pursuant to Section 3 hereof with respect to the Placement
Agent Securities if sold in the Placement. Notwithstanding anything to the contrary contained herein, the provisions concerning
the Company’s obligation to pay any fees actually earned pursuant to Section 3 hereof and the provisions concerning confidentiality,
indemnification and contribution contained herein will survive any expiration or termination of this Agreement. If this Agreement
is terminated prior to the completion of the Placement, all fees due to the Placement Agent as set forth in Section 3 shall be
paid by the Company to the Placement Agent within seven business days of the Termination Date (in the event such fees are earned
or owed as of the Termination Date). The Placement Agent agree not to use any confidential information concerning the Company provided
to the Placement Agent by the Company for any purposes other than those contemplated under this Agreement.

 

SECTION 7. PLACEMENT
AGENT INFORMATION. The Company agrees that any information or advice rendered by the Placement Agent in connection with this
engagement is for the confidential use of the Company only in their evaluation of the Placement and, except as otherwise required
by law, the Company will not disclose or otherwise refer to the advice or information in any manner without each of the Placement
Agent’s prior written consent.

 

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SECTION 8. NO
FIDUCIARY RELATIONSHIP. This Agreement does not create, and shall not be construed as creating rights enforceable by any person
or entity not a party hereto, except those entitled hereto by virtue of the indemnification provisions hereof. The Company acknowledges
and agrees that the Placement Agent are not and shall not be construed as a fiduciary of the Company and shall have no duties or
liabilities to the equity holders or the creditors of the Company or any other person by virtue of this Agreement or the retention
of the Placement Agent hereunder, all of which are hereby expressly waived.

  

SECTION 9. CLOSING.
The obligations of the Placement Agent, and the closing of the sale of the Placement Agent Securities hereunder are subject to
the accuracy, when made and on the Closing Date, of the representations and warranties on the part of the Company contained herein
and in the Purchase Agreement, to the performance by the Company of its obligations hereunder, and to each of the following additional
terms and conditions, except as otherwise disclosed to and acknowledged and waived by the Placement Agent:

 

A. All corporate proceedings
and other legal matters incident to the authorization, form, execution, delivery and validity of each of this Agreement, the Placement
Agent Securities, and all other legal matters relating to this Agreement and the transactions contemplated hereby with respect
to the Placement Agent Securities shall be reasonably satisfactory in all material respects to the Placement Agent.

 

B. The Placement Agent
shall have received from outside counsel to the Company such counsel’s written opinion with respect to the Placement Agent
Securities, addressed to the Placement Agent and dated as of the Closing Date, in form and substance reasonably satisfactory to
the Placement Agent.

 

C. The Shares shall be
registered under the Exchange Act. The Company shall have taken no action designed to, or likely to have the effect of terminating
the registration of the ADSs under the Exchange Act or delisting or suspending from trading the ADSs or the Placement Securities
from the Trading Market or other applicable U.S. national exchange, nor has the Company received any information suggesting that
the Commission or the Trading Market or other U.S. applicable national exchange is contemplating terminating such registration
or listing.

 

D. No action shall have
been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any governmental agency or body
which would, as of the Closing Date, prevent the issuance or sale of the Placement Agent Securities or materially and adversely
affect or potentially and adversely affect the business or operations of the Company; and no injunction, restraining order or order
of any other nature by any federal or state court of competent jurisdiction shall have been issued as of the Closing Date which
would prevent the issuance or sale of the Placement Agent Securities or materially and adversely affect or potentially and adversely
affect the business or operations of the Company.

 

E. The Company shall
have entered into a Purchase Agreement with each of the Purchasers of the Placement Agent Securities and such agreements shall
be in full force and effect and shall contain representations, warranties and covenants of the Company as agreed upon between the
Company and the Purchasers.

 

F. FINRA shall have raised
no objection to the fairness and reasonableness of the terms and arrangements of this Agreement. In addition, the Company shall,
if requested by the Placement Agent, make or authorize Placement Agent’s counsel to make on the Company’s behalf, any
filing with the FINRA Corporate Financing Department pursuant to FINRA Rule 2710 with respect to the Placement and pay all filing
fees required in connection therewith.

 

If any of the conditions
specified in this Section 9 shall not have been fulfilled when and as required by this Agreement, all obligations of the Placement
Agent hereunder may be cancelled by the Placement Agent at, or at any time prior to, the Closing Date. Notice of such cancellation
shall be given to the Company in writing or orally. Any such oral notice shall be confirmed promptly thereafter in writing.

 

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SECTION 10.
GOVERNING LAW. This Agreement will be governed by, and construed in accordance with, the laws of the State of New York applicable
to agreements made and to be performed entirely in such State. This Agreement may not be assigned by either party without the prior
written consent of the other party. This Agreement shall be binding upon and inure to the benefit of the parties hereto, and their
respective successors and permitted assigns. Any right to trial by jury with respect to any dispute arising under this Agreement
or any transaction or conduct in connection herewith is waived. Any dispute arising under this Agreement may be brought into the
courts of the State of New York or into the Federal Court located in New York, New York and, by execution and delivery of this
Agreement, the Company hereby accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction
of aforesaid courts. Each party hereto hereby irrevocably waives personal service of process and consents to process being served
in any such suit, action or proceeding by delivering a copy thereof via overnight delivery (with evidence of delivery) 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 contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law. If either party shall commence an action or proceeding to enforce any provisions of this Agreement,
then the prevailing party in such action or proceeding shall be reimbursed by the other party for its attorney's fees and other
costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.

 

SECTION 11.
ENTIRE AGREEMENT/MISCELLANEOUS. This Agreement embodies the entire agreement and understanding between the parties hereto,
and supersedes all prior agreements and understandings, relating to the subject matter hereof. If any provision of this Agreement
is determined to be invalid or unenforceable in any respect, such determination will not affect such provision in any other respect
or any other provision of this Agreement, which will remain in full force and effect. This Agreement may not be amended or otherwise
modified or waived except by an instrument in writing signed by both the Placement Agent and the Company. The representations,
warranties, agreements and covenants contained herein shall survive the Closing Date of the Placement and delivery of the Placement
Agent Securities. This Agreement may be executed in two or more counterparts, all of which when taken together 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, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered by
facsimile transmission or a .pdf format file, such signature shall create a valid and binding obligation of the party executing
(or on whose behalf such signature is executed) with the same force and effect as if such facsimile or .pdf signature page were
an original thereof.

 

SECTION 12.
NOTICES. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall
be in writing and shall be deemed given and effective on the earliest of (a) the date of transmission, if such notice or communication
is sent to the email address specified on the signature pages attached hereto prior to 6:30 p.m. (New York City time) on a business
day, (b) the next business day after the date of transmission, if such notice or communication is sent to the email address on
the signature pages attached hereto on a day that is not a business day or later than 6:30 p.m. (New York City time) on any business
day, (c) the third business day following the date of mailing, if sent by U.S. internationally recognized air courier service,
or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications
shall be as set forth on the signature pages hereto.

 

SECTION 1. Press
Announcements. The Company agrees that the Placement Agent shall, on and after the Closing Date, have the right to reference
the Placement and the Placement Agent’s role in connection therewith in the Placement Agent’s marketing materials and
on its website and to place advertisements in financial and other newspapers and journals, in each case at its own expense.

 

[The remainder of this page has been
intentionally left blank.]

 

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Please confirm that
the foregoing correctly sets forth our agreement by signing and returning to the Placement Agent the enclosed copy of this Agreement.

 

	 	Very truly yours,
	 	 
	 	A.G.P./ALLIANCE GLOBAL PARTNERS
	 	 
	 	By: 	/s/ Thomas Higgins
	 	 	Name: 	Thomas Higgins
	 	 	Title: 	Managing Director 
	 	 
	 	Address for notice:
	 	 
	 	
        590 Madison Avenue, 28th Floor

        New York, New York 10022

        Attn: Thomas J. Higgins

        Email: thiggins@allianceg.com 

 

Accepted and Agreed to as of

the date first written above:

 

	SAFE-T GROUP LTD.	 
	 	 
	By: 	/s/ Shai Avnit	 
	 	Name:  	Shai Avnit	 
	 	Title: 	Chief Financial Officer	 
	 	 
	Address for notice:	 
	 	 
	8 Abba Eban Avenue, Herzliya, 4672526 Israel	 
	Attn:	 
	Email:	 

 

[Signature Page to Placement Agency Agreement]

 

 

6Exhibit
10.1

 

SUBSCRIPTION
AGREEMENT

 

February
17, 2021

 

CF
Finance Acquisition Corp. III

110
East 59th Street

New
York, NY 10022

 

AEye,
Inc.

1
Park Place, Suite 20

Dublin,
CA94568

 

Ladies
and Gentlemen:

 

In
connection with the proposed business combination (the “Transaction”) between CF Finance Acquisition Corp.
III, a Delaware corporation (the “Company”), and AEye, Inc., a Delaware corporation
(“Target”), pursuant to that certain Agreement and Plan of Merger, dated as of February 17, 2021 (as it may
be amended, the “Transaction Agreement”), by and among, the Company, Meliora Merger Sub, Inc., a Delaware
corporation (“Merger Sub”), and Target, the Company is seeking commitments to purchase shares of the
Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), for a purchase
price of $10.00 per share (the “Purchase Price”), in a private placement to be conducted by the Company
(the “Offering”).

 

On
the date set forth on the signature page of this subscription agreement (this “Subscription Agreement”), the
Company is entering into subscription agreements substantially similar to this Subscription Agreement (the “Other Subscription
Agreements” and together with this Subscription Agreement, the “Subscription Agreements”) with certain
other subscribers (the “Other Subscribers”), pursuant to which the Other Subscribers, severally and not jointly,
have agreed to purchase in the Offering, effective on the closing date of the Transaction, inclusive of the shares of Common Stock
to be purchased by the undersigned, an aggregate amount of up to 22,500,000 shares of Common Stock, at the Purchase Price. In
connection therewith, the undersigned subscriber (“Subscriber”) and the Company agree as follows:

 

1.
Subscription. Subscriber hereby subscribes for and agrees to purchase from the Company, and the Company agrees to issue
and sell to Subscriber, such number of shares of Common Stock as is set forth on the signature page of this Subscription Agreement
(the “Shares”) at the Purchase Price per Share and on the terms provided for herein.

 

2.
Closing; Delivery of Shares.

 

(a)
The closing of the sale of Shares contemplated hereby (the “Closing”, and the date that the Closing actually
occurs, the “Closing Date”) is contingent upon the substantially concurrent consummation of the Transaction
(the “Transaction Closing”). The Closing shall occur on the date of, and concurrently with, the Transaction
Closing.

 

     

     

    

 

(b)
At least seven (7) Business Days (as defined below) before the anticipated Closing Date, the Company shall deliver written notice
to the Subscriber (the “Closing Notice”) specifying (i) the anticipated Closing Date and (ii) the wire instructions
for delivery of the Purchase Price to the Company. No later than two (2) Business Days after receiving the Closing Notice, the
Subscriber shall deliver to the Company such information as is reasonably requested in the Closing Notice in order for the Company
to issue the Shares to the Subscriber. No later than 4:00 p.m. (Eastern time) one (1) Business Day prior to the Closing Date,
Subscriber shall deliver the Purchase Price by wire transfer of United States dollars in immediately available funds to the account
specified by the Company in the Closing Notice, such funds to be held by the Company in escrow until the Closing. The Company
shall deliver to Subscriber (i) at the Closing, the Shares in book entry form, free and clear of any liens or other restrictions
(other than those arising under state or federal securities laws), in the name of the Subscriber (or its nominee in accordance
with its delivery instructions) or to a custodian designated by the Subscriber, as applicable, and (ii) as promptly as practicable
after the Closing, evidence from the Company’s transfer agent of the issuance to Subscriber of the Shares (in book entry
form) on and as of the Closing Date. In the event that the consummation of the Transaction does not occur within two (2) Business
Days after the anticipated Closing Date specified in the Closing Notice, unless otherwise agreed to in writing by the Company
and the Subscriber, the Company shall promptly (but in no event later than three (3) Business Days after the anticipated
Closing Date specified in the Closing Notice) return the Purchase Price so delivered by Subscriber to the Company by wire transfer
in immediately available funds to the account specified in writing by Subscriber, and any book entries shall be deemed cancelled.
Notwithstanding such return or cancellation, unless and until this Subscription Agreement is terminated in accordance with Section 7 herein,
Subscriber shall remain obligated (A) to redeliver funds to the Company in escrow following the Company’s delivery
to Subscriber of a new Closing Notice and (B) to consummate the Closing immediately prior to or substantially concurrently
with the consummation of the Transaction. For the avoidance of doubt, if any termination hereof occurs after the delivery by Subscriber
of the Purchase Price for the Shares, the Company shall promptly (but not later than three (3) Business Days thereafter) return
the Purchase Price to Subscriber without any deduction for or on account of any tax, withholding, charges or set-off.

 

3.
Closing Conditions. In addition to the conditions set forth in Section 2:

 

(a)
General Conditions. The Closing is also subject to the satisfaction or valid waiver in writing by each party of the conditions
that, on the Closing Date:

 

(i)
no suspension of the qualification of the Shares for offering or sale or trading in any jurisdiction, or initiation or threatening
of any proceedings for any of such purposes, shall have occurred; and

 

(ii)
all conditions precedent to each party’s obligation to effect the Transaction set forth in the Transaction Agreement, including
all necessary approvals of the Company’s stockholders and regulatory approvals, if any, shall have been satisfied or waived
(as determined by the parties to the Transaction Agreement and other than those conditions that, by their nature, (x) may only
be satisfied at the Transaction Closing (including to the extent that any such condition is dependent upon the consummation of
the purchase and sale of the Shares pursuant to this Subscription Agreement and the Other Subscription Agreements), but subject
to the satisfaction or waiver of such conditions as of the Transaction Closing, or (y) will be satisfied by the Closing and the
closing of the transactions contemplated by the Other Subscription Agreements), and the Transaction Closing shall be scheduled
to occur immediately prior to, concurrently with or immediately following the Closing.

 

(b)
Company Conditions. The obligations of the Company to consummate the Closing are also subject to the satisfaction or valid
waiver in writing by the Company of the additional conditions that, on the Closing Date:

 

(i)
all representations and warranties of the Subscriber contained in this Subscription Agreement shall be true and correct in all
material respects (other than representations and warranties that are qualified as to materiality, which representations and warranties
shall be true and correct in all respects) at and as of the Closing Date (except for representations and warranties made as of
a specific date, which shall be true and correct in all material respects (other than representations and warranties that are
qualified as to materiality, which representations and warranties shall be true and correct in all respects) as of such date),
and consummation of the Closing, shall constitute a reaffirmation by the Subscriber of each of the representations, warranties
and agreements of the Subscriber contained in this Subscription Agreement as of the Closing Date or as of such specific date,
as applicable;

 

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

 

(iii)
no governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule or regulation
(whether temporary, preliminary or permanent) which is then in effect and has the effect of making consummation of the transactions
contemplated by this Subscription Agreement illegal or otherwise preventing or prohibiting consummation of the transactions contemplated
by this Subscription Agreement.

 

(c)
Subscriber Conditions. The obligations of the Subscriber to consummate the Closing are also subject to the satisfaction
or valid waiver in writing by the Subscriber of the additional conditions that, on the Closing Date:

 

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

 

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

 

(iii)
no amendment or modification of the Transaction Agreement (as the same exists on the date hereof as provided to the Subscriber)
shall have occurred that would reasonably be expected to materially and adversely affect the economic benefits that the Subscriber
would reasonably expect to receive under this Subscription Agreement;

 

(iv)
there has not occurred any Material Adverse Effect;

 

(v)
after giving effect to the issuance of Common Stock in this Offering and pursuant to the consummation of the Transaction on the
Closing Date, no fewer than 24,000,000 shares of Common Stock will have been issued and be outstanding;

 

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(vi)
no closing condition, if any, appearing in the Transaction Agreement made available to the undersigned prior to the execution
of this Subscription Agreement relating to minimum cash of the Company as of the closing of the Transaction shall be waived or
amended;

 

(vii)
no governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule or regulation
(whether temporary, preliminary or permanent) which is then in effect and has the effect of making consummation of the transactions
contemplated by this Subscription Agreement illegal or otherwise preventing or prohibiting consummation of the transactions contemplated
by this Subscription Agreement; and

 

(viii)
no suspension of the qualification of the Common Stock for offering or sale or trading on Nasdaq or NYSE (as defined below), as
applicable, and no initiation or threatening of any proceedings for any of such purposes or delisting, shall have occurred, and
the Shares shall be approved for listing on Nasdaq or NYSE, as applicable, subject to official notice of issuance.

 

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

 

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

 

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

 

(c)
Issuance. The Shares have been duly authorized and, when issued and delivered to the Subscriber against full payment therefor
in accordance with the terms of this Subscription Agreement, the Shares will be validly issued, fully paid and non-assessable
and will not have been issued in violation of or subject to any preemptive or similar rights created under the Company’s
Amended and Restated Certificate of Incorporation, the Company’s bylaws or under the laws of the State of Delaware.

 

(d)
No Conflicts. The execution, delivery and performance of this Subscription Agreement, including the issuance and sale of
the Shares and the consummation of the transactions contemplated hereby, will be done in accordance with the Nasdaq or New York
Stock Exchange (“NYSE”) marketplace rules, as applicable to the Company on such date, and (i) will not conflict
with or result in a material breach or material violation of any of the terms or provisions of, or constitute a material default
under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Company
or any of its subsidiaries pursuant to the terms of any indenture, mortgage, deed of trust, loan agreement, license, lease or
any other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of
its subsidiaries is bound or to which any of the property or assets of the Company is subject, which would have a material adverse
effect on the business, properties, assets, liabilities, operations, condition (including financial condition), stockholders’
equity or results of operations of the Company or the combined company after giving effect to Transaction (a “Material
Adverse Effect”) or materially affect the validity of the Shares or the legal authority or ability of the Company to
perform in all material respects its obligations under the terms of this Subscription Agreement; (ii) result in any violation
of the provisions of the organizational documents of the Company; or (iii) result in any violation of any statute or any judgment,
order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Company
or any of its properties that would have a Material Adverse Effect or materially affect the validity of the Shares or the legal
authority or ability of the Company to perform in all material respects its obligations under the terms of this Subscription Agreement.

 

    4

     

    

 

(e)
Filings, Consents and Approvals. Assuming the accuracy of the representations and warranties of the Subscriber, the Company
is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority, self-regulatory organization or other person in
connection with the execution, delivery and performance by the Company of this Subscription Agreement (including, without limitation,
the issuance of the Shares), other than (i) any required filing of a Notice of Exempt Offering of Securities on Form D with U.S.
Securities and Exchange Commission (the “Commission”) under Regulation D of the Securities Act of 1933, as
amended (the “Securities Act”), (ii) the filing with the Commission of a registration statement pursuant to
Section 8, (iii) the filings required by applicable state or federal securities laws, (iv) the filings required in accordance
with Section 6(c), (v) any filings or notices required by Nasdaq or the NYSE, as applicable, (vi) those required to consummate
the Transaction as provided under the Transaction Agreement, (vii) the filing of notification under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, if applicable, and (viii) any consent, waiver, authorization or order of, notice to, or filing or registration,
the failure of which to obtain would not be reasonably expected to have, individually or in the aggregate, a Material Adverse
Effect.

 

(f)
Capitalization. As of the date of this Subscription Agreement, the authorized capital stock of the Company consists of
(i) 200,000,000 shares of Common Stock, (ii) 30,000,000 shares of Class B common stock, par value of $0.0001 per share (the “Class
B Common Stock”) and (iii) 1,000,000 shares of preferred stock, par value of $0.0001 per share (the “Preferred
Stock”). As of the date of this Subscription Agreement, (A) 23,500,000 shares of Common Stock are issued and outstanding,
(B) 5,750,000 shares of Class B Common Stock are issued and outstanding, (C) 7,666,666 redeemable public warrants to purchase
Common Stock are issued and outstanding, (D) 166,666 private placement warrants to purchase Common Stock are issued and outstanding,
and (E) no Preferred Stock is issued and outstanding. All (1) issued and outstanding shares of Common Stock and Class B Common
Stock have been duly authorized and validly issued, are fully paid and are non-assessable and are not subject to preemptive rights
and (2) outstanding warrants have been duly authorized and validly issued and are not subject to preemptive rights. Except as
set forth above and pursuant to the Other Subscription Agreements, the Transaction Agreement and the other agreements and arrangements
referred to therein or in the SEC Reports (as defined below), as of the date hereof, there are no outstanding options, warrants
or other rights to subscribe for, purchase or acquire from the Company shares of Common Stock or other equity interests in the
Company, or securities convertible into or exchangeable or exercisable for such equity interests. As of the date hereof, the Company
has no subsidiaries, other than Merger Sub, a Delaware corporation, and does not own, directly or indirectly, interests or investments
(whether equity or debt) in any person, whether incorporated or unincorporated. There are no shareholder agreements, voting trusts
or other agreements or understandings to which the Company is a party or by which it is bound relating to the voting of any securities
of the company, other than (1) as set forth in the SEC Reports and (2) as contemplated by the Transaction Agreement. As of the
date hereof, the Company had no outstanding long-term indebtedness (other than fees payable under the business combination marketing
agreement entered into in connection with its initial public offering and other indebtedness to be repaid at Closing) and will
not have any such long-term indebtedness immediately prior to the Closing (other than fees payable under the business combination
marketing agreement entered into in connection with its initial public offering and other indebtedness to be repaid at Closing).

 

    5

     

    

 

(g)
Registration of Common Stock. As of the date of this Agreement, the issued and outstanding shares of Common Stock are registered
pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are
listed for trading on the Nasdaq Capital Market (the “Trading Market”) under the symbol “CFAC.”
There is no suit, action, proceeding or investigation pending or, to the knowledge of the Company, threatened against the Company
by the Trading Market or the Commission with respect to any intention by such entity to deregister the Common Stock or prohibit
or terminate the listing of the Common Stock on Nasdaq, excluding, for the purposes of clarity, the customary ongoing review by
Nasdaq or the NYSE, as applicable, of the Company’s listing application with respect to the Transaction. The Company has
taken no action that is designed to terminate the registration of the Shares under the Exchange Act.

 

(h)
Regulatory Actions. Except for such matters as have not had and would not be reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect, there is no (i) action, suit, claim or other proceeding, in each case by or before
any governmental authority pending, or, to the knowledge of the Company, threatened against the Company or (ii) judgment, decree,
injunction, ruling or order of any governmental entity outstanding against the Company.

 

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

 

(j)
Broker Fees. Except as set forth in the following sentence, the Company has not entered into any agreement or arrangement
entitling any agent, broker, investment banker, financial advisor or other person to any broker’s or finder’s fee
or any other commission or similar fee in connection with the transactions contemplated by this Subscription Agreement for which
the Subscriber could become liable. Other than compensation paid to Cantor Fitzgerald & Co. as placement agent to the Company
(the “Placement Agent”), and Guggenheim Securities, LLC, as capital markets advisor to Target, the Company
is not aware of any person that has been or will be paid (directly or indirectly) remuneration for solicitation of Subscriber
in connection with the sale of any shares of Common Stock in the Offering.

 

(k)
Investment Company. The Company is not, and immediately after receipt of payment for the shares of Common Stock being sold
in the Offering, will not be, an “investment company” within the meaning of the Investment Company Act of 1940, as
amended.

 

(l)
Private Placement. Assuming the accuracy of the Subscriber’s representations and warranties set forth in Section
5, in connection with the offer, sale and delivery of the Shares in the manner contemplated by this Subscription Agreement,
it is not necessary to register the Shares under the Securities Act. The Shares (i) were not offered by any form of general solicitation
or general advertising and (ii) are not being offered in a manner involving a public offering under, or in a distribution in violation
of, the Securities Act or any state securities laws.

 

    6

     

    

 

(m)
SEC Reports; Financial Statements. As of their respective dates, all forms, reports, statements, schedules, proxies, registration
statements and other documents filed by the Company with the Commission prior to the date of this Subscription Agreement (the
“SEC Reports”) complied in all material respects with the applicable requirements of the Securities Act, the
Exchange Act and the rules and regulations of the Commission promulgated thereunder, and none of the SEC Reports, when filed,
contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The
financial statements of the Company included in the SEC Reports comply in all material respects with applicable accounting requirements
and the rules and regulations of the Commission with respect thereto as in effect at the time of filing and fairly present in
all material respects the financial position of the Company as of and for the dates thereof and the results of operations and
cash flows for the periods then ended, subject, in the case of unaudited statements, to normal, year-end audit adjustments. The
Company has timely filed each report, statement, schedule, prospectus, and registration statement that the Company was required
to file with the Commission since its initial registration of the ordinary shares with the Commission. A copy of each SEC Report
is available to the Subscriber via the Commission’s EDGAR system. There are no outstanding or unresolved comments in comment
letters received by the Company from the staff of the Division of Corporation Finance of the Commission with respect to any of
the SEC Reports.

 

(n)
No Side Letters. Other than the Other Subscription Agreements and the Transaction Agreement, the Company has not entered
into any subscription agreement, side letter or similar agreement with any Other Subscriber in connection with such Other Subscriber’s
investment in the Company through the Offering. No Other Subscription Agreement includes terms and conditions that are materially
more advantageous to any such Other Subscriber than the Subscriber hereunder.

 

(o)
No Anti-Dilution. There are no securities or instruments issued by the Company containing anti-dilution provisions that
will be triggered by the issuance of (i) the Shares or (ii) the Common Stock to be issued pursuant to any Other Subscription Agreement,
in each case, that have not been or will not be validly waived on or prior to the Closing Date.

 

(p)
No Bankruptcy. Neither the Company nor any of its subsidiaries has taken any steps to seek protection pursuant to any law
or statute relating to bankruptcy, insolvency, reorganization, receivership, liquidation, administration or winding up or failed
to pay its debts when due, nor does the Company or any subsidiary have any knowledge or reason to believe that any of their respective
creditors intend to initiate involuntary bankruptcy proceedings or seek to commence an administration.

 

The
Company understands that the foregoing representations and warranties shall be deemed material to and have been relied upon by
the Subscriber.

 

5.
Subscriber Representations, Warranties and Covenants. The Subscriber represents and warrants to the Company that:

 

(a)
Subscriber Status. At the time the Subscriber was offered the Shares, it was, and as of the date hereof, the Subscriber
is (i) an “accredited investor” (within the meaning of Rule 501 of Regulation D under the Securities Act) (an “Accredited
Investor”) or a Qualified Institutional Buyer (as defined in 144A of the Securities Act) (a “QIB”),
as indicated in the questionnaire attached as Exhibit A hereto (an “Investor Questionnaire”), and (ii)
is acquiring the Shares only for its own account and (iii) not for the account of others, and not on behalf of any other account
or person or with a view to, or for offer or sale in connection with, any distribution thereof in violation of the Securities
Act. The Subscriber, if not an individual, is not an entity formed for the specific purpose of acquiring the Shares.

 

    7

     

    

 

(b)
Nature of Investment. The Subscriber understands that the Shares are being offered in a transaction not involving any public
offering within the meaning of the Securities Act and that the Shares delivered at the Closing have not been registered under
the Securities Act. The Subscriber understands that the Shares may not be resold, transferred, pledged or otherwise disposed of
by the Subscriber absent an effective registration statement under the Securities Act except (i) to the Company or a subsidiary
thereof, (ii) to non-U.S. persons pursuant to offers and sales that occur outside the United States within the meaning of Regulation
S under the Securities Act or (iii) pursuant to another applicable exemption from the registration requirements of the Securities
Act, and in each of cases (i) and (iii) in accordance with any applicable securities laws of the states and other jurisdictions
of the United States, and that any certificates (if any) or any book-entry shares representing the Shares delivered at the Closing
shall contain a legend or restrictive notation to such effect, and as a result of such restrictions, the Subscriber may not be
able to readily resell the Shares and may be required to bear the financial risk of an investment in the Shares for an indefinite
period of time. The Subscriber acknowledges that the Shares will not be eligible for resale pursuant to Rule 144A promulgated
under the Securities Act. The Subscriber understands that it has been advised to consult legal counsel prior to making any offer,
resale, pledge or transfer of any of the Shares.

 

(c)
Authorization and Enforcement. The execution, delivery and performance by the Subscriber of this Subscription Agreement
are within the powers of the Subscriber, have been duly authorized and will not constitute or result in a breach or default under
or conflict with any federal or state statute, rule or regulation applicable to the Subscriber, any order, ruling or regulation
of any court or other tribunal or of any governmental commission or agency, or any agreement or other undertaking, to which the
Subscriber is a party or by which the Subscriber is bound which would reasonably be expected to have an adverse effect on the
legal authority of the Subscriber to enter into and perform its obligations under this Subscription Agreement, and, if the Subscriber
is not an individual, will not violate any provisions of the Subscriber’s charter documents, including its incorporation
or formation papers, bylaws, indenture of trust or partnership or operating agreement, as may be applicable. The signature on
this Subscription Agreement is genuine, and the signatory, if the Subscriber is an individual, has legal competence and capacity
to execute the same or, if the Subscriber is not an individual the signatory has been duly authorized to execute the same, and
this Subscription Agreement constitutes a legal, valid and binding obligation of the Subscriber, enforceable against the Subscriber
in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium or other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity,
whether considered at law or equity. If the Subscriber is not an individual, the Subscriber has been duly formed or incorporated
and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation.

 

(d)
Other Representations. The Subscriber understands and agrees that the Subscriber is purchasing Shares directly from the
Company. The Subscriber further acknowledges that there have been no representations, warranties, covenants and agreements made
to the Subscriber by the Company, or any of its officers or directors, expressly (other than those representations, warranties,
covenants and agreements included in this Subscription Agreement) or by implication, other than the representations, warranties,
covenants and agreements herein.

 

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

 

    8

     

    

 

(f)
Receipt of Disclosure. The Subscriber acknowledges and agrees that the Subscriber has received such information as the
Subscriber deems necessary in order to make an investment decision with respect to the Shares. Without limiting the generality
of the foregoing, the Subscriber acknowledges that it has received (or in the case of documents filed with the Commission, had
access to) the following items (collectively, the “Disclosure Documents”): (i) the final prospectus of the
Company, dated as of November 12, 2020 and filed with the Commission (File No. 333-249367) on November 13, 2020 (the “SPAC
Prospectus”), (ii) each filing made by the Company with the Commission following the filing of the SPAC Prospectus through
the date of this Subscription Agreement, (iii) the Transaction Agreement, a copy of which will be filed by the Company with the
Commission and (iv) the investor presentation by the Company and the Target, a copy of which will be furnished by the Company
to the Commission. The undersigned understands the significant extent to which certain of the disclosures contained in items (i)
and (ii) above shall not apply following the Transaction Closing. The Subscriber represents and agrees that the Subscriber and
the Subscriber’s professional advisor(s), if any, have had the opportunity to ask the Company’s management questions,
receive such answers and obtain such information as the Subscriber and such Subscriber’s professional advisor(s), if any,
have deemed necessary to make an investment decision with respect to the Shares.

 

(g)
No General Solicitation. The Subscriber became aware of this Offering of the Shares solely by means of direct contact between
the Subscriber and the Company, the Placement Agent(s) or a representative of the Company or the Placement Agent(s), and the Shares
were offered to the Subscriber solely by direct contact between the Subscriber and the Company, the Placement Agent(s) or a representative
of the Company or the Placement Agent(s). The Subscriber acknowledges that the Company represents and warrants that the Shares
(i) were not offered to the Subscriber by any form of general solicitation or general advertising and (ii) are not being offered
in a manner involving a public offering under, or in a distribution in violation of, the Securities Act, or any state securities
laws.

 

(h)
Investment Risks. The Subscriber acknowledges that it is aware that there are substantial risks incident to the purchase
and ownership of the Shares, including those set forth in the Disclosure Documents and in the Company’s filings with the
Commission. The Subscriber is able to fend for itself in the transactions contemplated herein and has such knowledge and experience
in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Shares, and the
Subscriber has sought such accounting, legal and tax advice as the Subscriber has considered necessary to make an informed investment
decision. Alone, or together with any professional advisor(s), the Subscriber has adequately analyzed and fully considered the
risks of an investment in the Shares and determined that the Shares are a suitable investment for the Subscriber and that the
Subscriber is able at this time and in the foreseeable future to bear the economic risk of a total loss of the Subscriber’s
investment in the Company. The Subscriber acknowledges specifically that a possibility of total loss exists.

 

(i)
Compliance. The Subscriber understands and agrees that no federal or state agency has passed upon or endorsed the merits
of this Offering of the Shares or made any findings or determination as to the fairness of this investment or the accuracy or
adequacy of the Company’s reports, schedules, forms, statements and other documents required to be filed by the Company
under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof.

 

(j)
Diligence Disclaimer. Neither the due diligence investigation conducted by the Subscriber in connection with making its
decision to acquire the Shares nor any representations and warranties made by the Subscriber herein shall modify, amend or affect
the Subscriber’s right to rely on the truth, accuracy and completeness of the Company’s representations and warranties
contained herein.

 

    9

     

    

 

(k)
OFAC/Patriot Act. The Subscriber is not (i) a person or entity named on the List of Specially Designated Nationals and
Blocked Persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”)
or in any Executive Order issued by the President of the United States and administered by OFAC (“OFAC List”),
or a person or entity prohibited by any OFAC sanctions program, (ii) a Designated National as defined in the Cuban Assets Control
Regulations, 31 C.F.R. Part 515, or (iii) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank.
The Subscriber agrees to provide law enforcement agencies, if requested thereby, such records as required by applicable law, provided
that the Subscriber is permitted to do so under applicable law. If the Subscriber is a financial institution subject to the Bank
Secrecy Act (31 U.S.C. Section 5311 et seq.), as amended by the USA PATRIOT Act of 2001, and its implementing regulations (collectively,
the “BSA/PATRIOT Act”), the Subscriber maintains policies and procedures reasonably designed to comply with
applicable obligations under the BSA/PATRIOT Act. To the extent required, it maintains policies and procedures reasonably designed
for the screening of its investors against the OFAC sanctions programs, including the OFAC List. To the extent required, it maintains
policies and procedures reasonably designed to ensure that the funds held by the Subscriber and used to purchase the Shares were
legally derived.

 

(l)
No Reliance on Placement Agent. In making its decision to purchase the Shares, the Subscriber has relied solely upon independent
investigation made by the Subscriber, the investor presentation provided to Subscriber and the representations and warranties
of the Company set forth herein. Without limiting the generality of the foregoing, the Subscriber has not relied on any statements
or other information provided by the Placement Agent(s) concerning the Company, Target or the Shares or the offer and sale of
the Shares. No disclosure or offering document has been provided by the Placement Agent(s) in connection with the offer and sale
of the Shares. The Placement Agent(s) and each of their respective members, directors, officers, employees, representatives and
controlling persons have made no independent investigation with respect to the Company or the Shares or the accuracy, completeness
or adequacy of any information supplied to the Subscriber by the Company. In connection with the issue and purchase of the Shares,
the Placement Agent(s) have not made any recommendations regarding an investment in the Company or the Shares or acted as the
Subscriber’s financial advisor or fiduciary.

 

The
Subscriber understands that the foregoing representations and warranties shall be deemed material to and have been relied upon
by the Company.

 

6.
Additional Covenants.

 

(a)
Transfer Restrictions.

 

(i)
The Shares may only be resold, transferred, pledged or otherwise disposed of in compliance with state and federal securities laws.
In connection with any transfer of Shares other than pursuant to an effective registration statement, or a transfer to the Company
or to one or more affiliates of the Subscriber or to a lender to Subscriber pursuant to a pledge and, thereafter, a transferee
thereof pursuant to a foreclosure, of the Subscriber, the Company may require the transferor thereof to provide to the Company
an opinion of counsel selected by the transferor and reasonably acceptable to the Company the form and substance of which opinion
shall be reasonably satisfactory to the Company to the effect that such transfer does not require registration of such transferred
Shares under the Securities Act. As a condition of transfer, any such transferee shall agree in writing to be bound by the terms
of this Subscription Agreement and such transferee and each Subscriber affiliate transferee and each lender transferee and their
subsequent transferees shall have the rights and obligations of the Subscriber under this Subscription Agreement.

 

    10

     

    

 

(ii)
The Company acknowledges and agrees that the Subscriber may from time to time after the Closing pledge pursuant to a bona fide
margin agreement with a registered broker-dealer or grant a security interest in some or all of the Shares to a financial institution
that is an “accredited investor” as defined in Rule 501(a) under the Securities Act and, if required under the terms
of such arrangement, the Subscriber may transfer pledged or secured Shares to the pledgees or secured parties. Such a pledge or
transfer would not be subject to approval of the Company and no legal opinion of legal counsel of the pledgee, secured party or
pledgor shall be required in connection therewith; further, no notice shall be required of such pledge; provided that the
Subscriber and its pledgee shall be required to comply with other provisions of this Section 6 in order to effect a sale,
transfer or assignment of the Shares to such pledgee. At the Subscriber’s expense, the Company will execute and deliver
such reasonable documentation as a pledgee or secured party of the Shares may reasonably request in connection with a pledge or
transfer of the Shares.

 

(iii)
The Subscriber agrees to the imprinting, so long as is required by this Section 6(a), of a legend on any of the Shares
in the following form:

 

THIS
SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE
UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE FEDERAL, STATE AND FOREIGN SECURITIES LAWS. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION
WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

(iv)
Subject to applicable requirements of the Securities Act and the interpretations of the Commission thereunder and any requirements
of the Company’s transfer agent, the Company shall ensure that instruments, whether certificated or uncertificated, evidencing
the Shares shall not contain any legend (including the legend set forth in Section 6(a)(iii)), (A) while a registration
statement covering the resale of such Shares is effective under the Securities Act, (B) following any sale of such Shares pursuant
to Rule 144 under the Securities Act (“Rule 144”), (C) if such Shares are eligible for sale under Rule 144,
without the requirement for the Company to be in compliance with the current public information required under Rule 144 and without
volume or manner-of-sale restrictions, or (D) if such legend is not required under applicable requirements of the Securities Act
(including judicial interpretations and pronouncements issued by the staff of the Commission).

 

(v)
The Subscriber agrees with the Company that the Subscriber will sell any Shares pursuant to either the registration requirements
of the Securities Act, including any applicable prospectus delivery requirements, or an exemption therefrom, and that, if Shares
are sold pursuant to a registration statement, they will be sold in compliance with the plan of distribution set forth therein,
and acknowledges that the removal of the restrictive legend from instruments representing Shares as set forth in this Section 6
is predicated upon the Company’s reliance upon this understanding.

 

(b)
Furnishing of Information; Public Information. Until the earliest of (i) the first date on which the Subscriber can sell
all of its Shares under Rule 144 without limitation as to the manner of sale or the amount of such securities that may be sold
and (ii) three (3) years from the Closing Date, the Company covenants to maintain the registration of the Common Stock under Section
12(b) or 12(g) of the Exchange Act and to timely file (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 the Exchange Act.

 

    11

     

    

 

(c)
Public Disclosure. The Company shall (a) by 9:30 a.m. ET on the first Business Day following the date hereof, issue a press
release disclosing the material terms of the transactions contemplated hereby (“Disclosure Time”), and (b)
file a Current Report on Form 8-K, including the Transaction Agreement and the investor presentation provided to Subscriber, or
the material non-public information contained therein, as exhibits thereto, with the Commission within the time required by the
Exchange Act. From and after the issuance of such press release, the Company represents to the Subscriber that it shall have publicly
disclosed all material, non-public information delivered to the Subscriber by or on behalf of the Company, the Target or any of
their respective officers, directors, employees or agents (including the Placement Agent(s)) in connection with the transactions
contemplated by this Subscription Agreement. Prior to the Closing, the Subscriber shall not issue any press release or make any
other similar public statement with respect to the transactions contemplated hereby without the prior written consent of the Company
(such consent not to be unreasonably withheld or delayed). Notwithstanding the foregoing, neither party shall publicly disclose
the name of the other party, or include the name of the other party in any filing with the Commission, any regulatory agency or
Nasdaq or the NYSE, as applicable, without the prior written consent of the party being disclosed, except to the extent such disclosure
is required by applicable law, Commission, Nasdaq or the NYSE, as applicable, regulations or at the request of any governmental
or regulatory agency or as required by legal process, in which case (to the extent legally permissible) written notice of such
disclosure permitted under this clause shall be made to the other party prior to or as reasonably practicable following such disclosure.

 

(d)
Non-Public Information. Following the Disclosure Time or otherwise as required by applicable law, the Company covenants
and agrees that neither it, nor any other person acting on its behalf, will provide the Subscriber with any information that constitutes,
or the Company reasonably believes constitutes, material non-public information, unless prior thereto the Subscriber shall have
consented in writing to the receipt of such information and agreed with the Company to keep such information confidential. The
Company understands and confirms that the Subscriber shall be relying on the foregoing covenant in effecting transactions in securities
of the Company; provided, that each Subscriber shall be solely responsible for its compliance with federal, state and foreign
securities laws.

 

(e)
Listing of Common Stock. The Company hereby agrees to use its best efforts to maintain the listing or quotation of the
Common Stock on the Trading Market on which it is currently listed (or the NYSE) until Closing and, prior to the Closing, the
Company shall apply to list or quote the Common Stock and all of the Shares on Nasdaq or the NYSE, as determined by the Company,
and promptly secure the listing of all of the Common Stock and Shares on Nasdaq or the NYSE, as applicable. The Company agrees
to maintain the eligibility of the Common Stock for electronic transfer through the Depository Trust Company or another established
clearing corporation, including, without limitation, by timely payment of fees to the Depository Trust Company or such other established
clearing corporation in connection with such electronic transfer.

 

(f)
Other Subscription Agreements. No Other Subscription Agreements will be amended in any material respect following the date
of this Subscription Agreement, and each Other Subscription Agreement will reflect the same Per Share Purchase Price and terms
that are not materially more favorable to such Other Subscriber thereunder than the terms of this Subscription Agreement.

 

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(g)
Certain Transactions and Confidentiality. The Subscriber covenants that neither it, nor any affiliate acting on its behalf
or pursuant to any understanding with it, has executed or will execute any purchases or sales of any of the Company’s securities
during the period that commenced at the time that the Subscriber first learned of the transactions contemplated hereunder and
ending at such time that the transactions contemplated by this Subscription Agreement are first publicly announced pursuant to
the initial press release as described in Section 6(c). The Subscriber covenants that until such time as the transactions
contemplated by this Subscription Agreement are publicly disclosed by the Company pursuant to the initial press release as described
in Section 6(c), the Subscriber will maintain the confidentiality of the existence and terms of the Transaction and the
transactions contemplated hereby. Notwithstanding the foregoing and notwithstanding anything contained in this Subscription
Agreement to the contrary, the Company expressly acknowledges and agrees that (i) the Subscriber makes no representation, warranty
or covenant hereby that it will not engage in effecting transactions in any securities of the Company after the time that the
transactions contemplated by this Subscription Agreement are first publicly announced pursuant to the initial press release as
described in Section 6(c), (ii) the Subscriber shall not be restricted or prohibited from effecting any transactions in
any securities of the Company in accordance with applicable securities laws from and after the time that the transactions contemplated
by this Subscription Agreement are first publicly announced pursuant to the initial press release as described in Section 6(c)
and (iii) the Subscriber shall have no duty of confidentiality or duty not to trade in the securities of the Company as set
forth in this Section 6(g) to the Company after the issuance of the initial press release as described in Section 6(c). Notwithstanding
the foregoing, (i) in the case that the Subscriber is a multi-managed investment vehicle whereby separate portfolio managers manage
separate portions of the Subscriber’s assets, this Section 6(g) shall only apply with respect to the portfolio manager
that made the investment decision to purchase the Shares covered by this Subscription Agreement and any other portfolio manager
that has direct knowledge of this investment and (ii) the representations set forth in this Section 6(g) shall not apply
to any other entity, affiliate or client under common management with the Subscriber that have no knowledge of this Subscription
Agreement or of the Subscriber’s participation in the Transactions (including the Subscriber’s controlled affiliates
and/or affiliates).

 

(h)
Subscriber Undertaking. The Company may request from the Subscriber such additional information as the Company may deem
reasonably necessary to evaluate the eligibility of the Subscriber to acquire the Shares, and the Subscriber shall provide such
information to the Company upon such request, and provided that the Company agrees to keep confidential any such information provided
by the Subscriber.

 

7.
Termination. This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights
and obligations of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof,
upon the earlier to occur of: (a) the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement;
(b) such date and time as the Transaction Agreement is terminated in accordance with its terms; (c) written notice by either party
to the other party to terminate this Subscription Agreement if the transactions contemplated by this Subscription Agreement are
not consummated on or prior to the “Agreement End Date” as defined in the Transaction Agreement, as it may be amended
by the Company and the Target pursuant to the Transaction Agreement or (d) at the election of the Subscriber if the Closing shall
not have occurred by November 15, 2021 or, if earlier, six (6) months from the date the Company first files a registration statement
on Form S-4 with the Commission with respect to the Transaction; provided that (i) nothing herein will relieve any party
from liability for any willful breach hereof prior to the time of termination, and (ii) each party will be entitled to any remedies
at law or in equity to recover losses, liabilities or damages arising from such breach. The Company shall notify the Subscriber
of the termination of the Transaction Agreement promptly after the termination of such agreement and the provisions of this Section
7 and Sections 9 and 10 will survive any termination of this Subscription Agreement and continue indefinitely.

 

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8.
Registration Rights.

 

(a)
The Company agrees that, within thirty (30) calendar days after the Closing Date (the “Filing Date”), the Company
will file with the Commission (at the Company’s sole cost and expense) a registration statement registering the resale of
the Shares (the initial registration statement and any other registration statement that may be filed by the Company under this
Section 8, “Registration Statement”), and the Company shall use its reasonable best efforts to have the Registration
Statement declared effective as soon as practicable after the filing thereof, but no later than the earlier of (i) the 60th calendar
day (or 90th calendar day if the Commission notifies the Company that it will “review” the Registration Statement)
following the Transaction Closing and (ii) the 2nd 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 earlier date, the “Effectiveness Date”). The Company agrees that the Company will cause
such Registration Statement or another registration statement (which may be a “shelf” registration statement) to remain
effective until the earlier of (i) three (3) years from the date of effectiveness of the initial Registration Statement, (ii)
the date on which the Subscriber ceases to hold the Shares covered by such Registration Statement, or (iii) on the first date
on which the Subscriber can sell all of its Shares under Rule 144 of the Securities Act without restriction, including without
limitation, any volume or manner of sale restrictions and without the requirement for the Company to be in compliance with the
current public information required under Rule 144(c)(1) (or Rule 144(i)(2), if applicable). The Company’s obligations to
include the Shares in the Registration Statement are contingent upon the Subscriber furnishing in writing to the Company such
information regarding the Subscriber, the securities of the Company held by the Subscriber and the intended method of disposition
of the Shares as shall be reasonably requested by the Company to effect the registration of the Shares (including disclosure of
its beneficial ownership, as determined in accordance with Rule 13d-3 of the Exchange Act), and shall execute such documents in
connection with such registration as the Company may reasonably request that are customary of a selling stockholder in similar
situations, provided that Subscriber shall not in connection with the foregoing be required to execute any lock-up or similar
agreement or otherwise be subject to any contractual restriction on the ability to transfer the Shares. The Company will use its
commercially reasonable efforts to provide a draft of the Registration Statement to Subscriber at least five (5) Busines Days
in advance of filing the Registration Statement with the Commission. Any failure by the Company to file the Registration Statement
by the Filing Date or for the Registration Statement to be declared effective by the Effectiveness Date shall not otherwise relieve
the Company of its obligations to file or effect the Registration Statement as set forth in this Section 8. In no event shall
the Subscriber be identified as a statutory underwriter in the Registration Statement unless requested by the Commission; provided,
that if the Commission requests that the Subscriber be identified as a statutory underwriter in the Registration Statement, the
Subscriber will have the option, in its sole and absolute discretion, to either (i) have an opportunity to withdraw from the Registration
Statement, in which case the Company’s obligation to register the Shares will be deemed satisfied, or (ii) be included as
such in the Registration Statement. Notwithstanding the foregoing, if the Commission prevents the Company from including any or
all of the shares proposed to be registered under the Registration Statement due to limitations on the use of Rule 415 of the
Securities Act for the resale of the Shares by the applicable stockholders or otherwise, such Registration Statement shall register
for resale such number of Shares which is equal to the maximum number of Shares as is permitted by the Commission. In such event,
the number of Shares to be registered for each selling stockholder named in the Registration Statement shall be reduced pro rata
among all such selling stockholders and as promptly as practicable after being permitted to register additional Shares under Rule
415 under the Securities Act, the Company shall amend the Registration Statement or file a new Registration Statement to register
such additional Shares and cause such amendment or Registration Statement to become effective as promptly as practicable. For
purposes of this Section 8, “Shares” shall mean, as of any date of determination, the Shares and any other
equity security of the Company issued or issuable with respect to the Shares by way of share split, dividend, distribution, recapitalization,
merger, exchange, replacement or similar event or otherwise.

 

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

 

(i)
except for such times as the Company is permitted hereunder to suspend the use of the prospectus forming part of a Registration
Statement, use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under
state securities laws which the Company determines to obtain, continuously effective with respect to Subscriber, and to keep the
applicable Registration Statement or any subsequent shelf registration statement free of any material misstatements or omissions;

 

(ii)
advise Subscriber within two (2) Business Days:

 

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

 

(B)
of any request by the Commission for amendments or supplements to the Registration Statement or the prospectus included therein
or for additional information;

 

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

 

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

 

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

 

Notwithstanding
anything to the contrary set forth herein, the Company shall not, when so advising Subscriber of such events listed above, provide
Subscriber with any material, nonpublic information regarding the Company other than to the extent that providing notice to Subscriber
of the occurrence of the events listed in (A) through (C) above constitutes material, nonpublic information regarding the Company;

 

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

 

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

 

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(v)
use its commercially reasonable efforts to cause all Shares to be listed on each securities exchange or market, if any, on which
the Common Stock has been listed; and

 

(vi)
use its commercially reasonable efforts (A) to take all other steps necessary to effect the registration of the Shares contemplated
hereby and (B) for so long as the Subscriber holds Shares, to file all reports and other materials required to be filed by the
Exchange Act so long as the Company remains subject to such requirements and the filing of such reports and other documents is
required for the applicable provisions of Rule 144 to enable Subscriber to sell the Shares under Rule 144.

 

(c)
The Company may delay filing or suspend the use of any such registration statement (x) if it determines, upon advice of legal
counsel, that in order for the registration statement to not contain a material misstatement or omission, an amendment thereto
would be needed, (y) as may be necessary in connection with the preparation and filing of a post-effective amendment to the Registration
Statement following the filing of the Company’s Annual Report on Form 10-K for its first completed fiscal year, or (z) if
the Company’s Board of Directors, upon advice of legal counsel, reasonably believes that such filing or use would materially
affect a bona fide business or financing transaction of the Company or would require premature disclosure of information that
could materially adversely affect the Company (each such circumstance, a “Suspension Event”); provided, however,
that the Company may not delay filing or suspend use of any registration statement on more than two occasions or for more than
sixty (60) consecutive calendar days or more than ninety (90) total calendar days, in each case in any 12-month period. Upon receipt
of any written notice from the Company of the happening of any Suspension Event during the period that the Registration Statement
is effective or if as a result of a Suspension Event the Registration Statement or related prospectus contains any untrue statement
of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made (in the case of the prospectus) not misleading, the Subscriber agrees
that it will (i) immediately discontinue offers and sales of the Shares under the Registration Statement until the Subscriber
receives (A) (x) copies of a supplemental or amended prospectus that corrects the misstatement(s) or omission(s) referred to above
and (y) notice that any post-effective amendment has become effective or (B) notice from the Company that it may resume such offers
and sales, and (ii) maintain the confidentiality of any information included in such written notice delivered by the Company unless
otherwise required by applicable law. If so directed by the Company, the Subscriber will deliver to the Company or, in Subscriber’s
sole discretion, destroy all copies of the prospectus covering the Shares in the Subscriber’s possession; provided, however,
that this obligation to deliver or destroy all copies of the prospectus covering the Shares shall not apply to (i) the extent
the Subscriber is required to retain a copy of such prospectus (A) in order to comply with applicable legal, regulatory, self-regulatory
or professional requirements or (B) in accordance with a bona fide pre-existing document retention policy or (ii) copies stored
electronically on archival servers as a result of automatic data back-up. In addition to the removal of restrictive legends at
the Subscriber’s request contemplated by Section 6(a)(iv), during any periods that a Registration Statement
registering the resale of the Shares is effective or when the Shares may be sold pursuant to Rule 144 under the Securities Act
or may be sold without restriction under Rule 144, the Company shall, at its expense, cause the Company’s transfer agent
to remove any restrictive legends on any Shares sold by the Subscriber within two (2) Business Days of the date that such Shares
are sold and the Subscriber notifies the Company of such sale (and prior to removal the Subscriber provides the Company with any
customary representations in connection therewith). In connection therewith, if required by the Company’s transfer agent,
the Company will promptly cause an opinion of counsel to be delivered to and maintained with its transfer agent, together with
any other authorizations, certificates and directions required by the transfer agent that authorize and direct the transfer agent
to issue such Shares without any such legend.

 

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(d)
From and after the Closing, the Company shall indemnify, defend and hold harmless the Subscriber (to the extent a seller under
the Registration Statement), and the officers, employees, affiliates, directors, partners, members, managers, investment advisors,
attorneys and agents of the Subscriber, and each person, if any, who controls the Subscriber (within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act) (the Subscriber and each of the foregoing, a “Subscriber Indemnified
Party”), from and against any losses, judgments, claims, damages, liabilities or reasonable costs or expenses (including
reasonable attorneys’ fees) (collectively, “Losses”), that arise out of or are based upon (i) any untrue
or alleged untrue statement of a material fact contained in the Registration Statement, any prospectus included in the Registration
Statement or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out
of or relating to any omission or alleged omission to state a material fact required to be stated therein or necessary to make
the statements therein (in the case of any prospectus or form of prospectus or supplement thereto, in light of the circumstances
under which they were made) not misleading or (ii) any violation or alleged violation by the Company of the Securities Act,
Exchange Act or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations
under this Section 8, except to the extent that such untrue or alleged untrue statements or omissions or alleged omissions
are based solely upon information furnished in writing to the Company by a Subscriber Indemnified Party expressly for use therein.
Notwithstanding the forgoing, the Company’s indemnification obligations shall not apply to amounts paid in settlement of
any Losses if such settlement is effected without the prior written consent of the Company (which consent shall not be unreasonably
withheld, delayed or conditioned).

 

(e)
From and after the Closing, the Subscriber shall, severally and not jointly with any Other Subscriber, indemnify, defend and hold
harmless the Company, and the officers, employees, affiliates, directors, partners, members, managers, attorneys and agents of
the Company, and each person, if any, who controls the Company (within the meaning of Section 15 of the Securities Act or Section
20 of the Exchange Act), from and against any Losses, that arise out of or are based upon any untrue or alleged untrue statement
of a material fact contained in the Registration Statement, any prospectus included in the Registration Statement or any form
of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any
omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein
(in the case of any prospectus or form of prospectus or supplement thereto, in light of the circumstances under which they were
made) not misleading, to the extent that such untrue or alleged untrue statements or omissions or alleged omissions are based
solely upon information regarding Subscriber furnished in writing to the Company by a Subscriber Indemnified Party expressly for
use therein. In no event shall the liability of the Subscriber be greater in amount than the dollar amount of the net proceeds
received by the Subscriber upon the sale of the Shares giving rise to such indemnification obligation. Notwithstanding the forgoing,
the Subscriber’s indemnification obligations shall not apply to amounts paid in settlement of any Losses if such settlement
is effected without the prior written consent of the Subscriber (which consent shall not be unreasonably withheld, delayed or
conditioned).

 

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(f)
If the indemnification provided under this Section 8 from the indemnifying party is unavailable or insufficient to hold harmless
an indemnified party in respect of any Losses 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 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 relates to information supplied by, such indemnifying party
or indemnified party, and the indemnifying party’s and indemnified party’s relative intent, knowledge, access to information
and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the Losses or other liabilities
referred to above shall be subject to the limitations set forth in this Section 8 and deemed to include any legal or other
fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding. No person guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
pursuant to this Section 8(f) from any person who was not guilty of such fraudulent misrepresentation. Each indemnifying
party’s obligation to make a contribution pursuant to this Section 8(f) shall be individual, not joint, and in no
event shall the liability of the Subscriber under this Section 8(f) be greater in amount than the dollar amount of the
net proceeds received by the Subscriber upon the sale of the Shares giving rise to such indemnification obligation.

 

(g)
Any person entitled to indemnification herein shall (1) give prompt written notice to the indemnifying party of any claim with
respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s
right to indemnification hereunder to the extent such failure has not prejudiced the indemnifying party) and (2) 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.
An indemnifying party who elects not to assume the defense of a claim shall not be obligated to pay the fees and expenses of more
than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment
of legal counsel to any indemnified party a conflict of interest exists 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 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.

 

(h)
The indemnification provided for under this Subscription Agreement shall remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party or any officer, director, employee, agent, affiliate or controlling person of such
indemnified party and shall survive the transfer of the Shares purchased pursuant to this Subscription Agreement.

 

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9.
Trust Account Waiver. The Subscriber hereby represents and warrants that it has had the opportunity to read the SPAC
Prospectus and understands that the Company has established a trust account (the “Trust Account”) containing
the proceeds of its initial public offering (the “IPO”) and the overallotment shares acquired by its underwriters
and from certain private placements occurring simultaneously with the IPO (including interest accrued from time to time thereon)
for the benefit of the Company’s public stockholders (including overallotment shares acquired by the Company’s underwriters,
the “Public Stockholders”), and that, except as otherwise described in the SPAC Prospectus, the Company may
disburse monies from the Trust Account only: (a) to the Public Stockholders in the event they elect to redeem their Company shares
in connection with the consummation of the Company’s initial business combination (as such term is used in the SPAC Prospectus)
(the “Business Combination”) or in connection with an extension of its deadline to consummate a Business Combination,
(b) to the Public Stockholders if the Company fails to consummate a Business Combination within 6 months after the closing of
the IPO (as such date may be extended by the Company’s sponsor to up to 22 months) and is subject to further extension by
amendment to the Company’s organizational documents, (c) with respect to any interest earned on the amounts held in the
Trust Account, amounts necessary to pay for any taxes and up to $100,000 in dissolution expenses, or (d) to the Company after
or concurrently with the consummation of a Business Combination. For and in consideration of the Company entering into this Subscription
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Subscriber
hereby agrees that notwithstanding anything to the contrary contained in this Subscription Agreement, Subscriber does not now
and shall not at any time hereafter have, and waives any and all right, title and interest, or any claims of any kind it has or
may have in the future as a result of, or arising out of, this Subscription Agreement, the transactions contemplated hereby or
the Shares, in or to any monies held in the Trust Account (or any distributions therefrom directly or indirectly to Public Stockholders
(“Public Distributions”), and agrees not to seek recourse or make or bring any action, suit, claim or other
proceeding against the Trust Account or Public Distributions as a result of, or arising out of, this Subscription Agreement, the
transactions contemplated hereby or the Shares, regardless of whether such claim arises based on contract, tort, equity or any
other theory of legal liability. To the extent the Subscriber commences any action or proceeding based upon, in connection with,
as a result of or arising out of, this Subscription Agreement, the transactions contemplated hereby or the Shares, which proceeding
seeks, in whole or in part, monetary relief against the Company or its Representatives, the Subscriber hereby acknowledges and
agrees that the Subscriber’s sole remedy shall be against funds held outside of the Trust Account (other than Public Distributions)
and that such claim shall not permit the Subscriber (or any person claiming on its behalf or in lieu of any of it) to have any
claim against the Trust Account (including any distributions therefrom) or any amounts contained therein. Notwithstanding anything
else in this Section 9 to the contrary, nothing herein shall be deemed to limit the Subscriber’s right, title, interest
or claim to the Trust Account by virtue of the Subscriber’s record or beneficial ownership of Common Stock acquired by any
means other than pursuant to this Subscription Agreement, including but not limited to any redemption right with respect to any
such securities of the Company. For purposes of this Subscription Agreement, “Representatives” with respect
to any person shall mean such person’s affiliates and its and its affiliate’s respective directors, officers, employees,
consultants, advisors, agents and other representatives.

 

10.
Miscellaneous.

 

(a)
Transferability. Neither this Subscription Agreement nor any rights that may accrue to the Subscriber hereunder (other
than the Shares acquired hereunder, if any, subject to applicable securities laws) may be transferred or assigned by the Subscriber
without the prior written consent of the Company, and any purported transfer or assignment without such consent shall be null
and void ab initio. Notwithstanding the foregoing, prior to the Closing the Subscriber may assign all of its rights and obligations
under this Subscription Agreement to an affiliate of the Subscriber, or to any fund or account managed by the same investment
manager as Subscriber, that is an Accredited Investor or a QIB, so long as the Subscriber provides the Company with at least three
(3) Business Days’ prior written notice of such assignment and a completed Investor Questionnaire duly executed by such
assignee; provided, further that (i) such assignee will be deemed to have made to the Company each of the representations, warranties
and covenants of the Subscriber set forth in Section 5 as of the date of such assignment and as of the Closing Date, and
(ii) no such assignment by the Subscriber will relieve the Subscriber of its obligations under this Subscription Agreement, and
the Subscriber will remain secondarily liable under this Subscription Agreement for the obligations of the assignee hereunder.

 

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(b)
Reliance. The Subscriber acknowledges that the Company, the Placement Agent(s) and, following the Closing, the Target will
rely on the acknowledgments, understandings, agreements, representations and warranties of the Subscriber contained in this Subscription
Agreement, provided, however, that the Closing may only be enforced against the Subscriber by the Company. Prior to the Closing,
the Subscriber agrees to promptly notify the Company if any of the acknowledgments, understandings, agreements, representations
and warranties set forth herein are no longer accurate in any material respect and which would cause any of the conditions to
Closing in Sections 3(a) or 3(b) to not be satisfied. The Company is irrevocably authorized to produce this Subscription
Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect
to the matters covered hereby. The Company acknowledges that the Subscriber will rely on the acknowledgments, understandings,
agreements, representations and warranties of the Company contained in this Subscription Agreement. Prior to the Closing, the
Company agrees to promptly notify the Subscriber if any of the acknowledgments, understandings, agreements, representations and
warranties set forth herein are no longer accurate in any material respect and which would cause any of the conditions to Closing
in Sections 3(a) or 3(c) to not be satisfied. The Subscriber is irrevocably authorized to produce this Subscription
Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect
to the matters covered hereby.

 

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

 

(d)
Amendments and Waivers. This Subscription Agreement may not be amended, modified or waived except by an instrument in writing,
signed by the party against whom enforcement of such amendment, modification or waiver is sought. Section 4, Section
5, this Section 10(d), Section 10(o) and Section 11 may not be amended, modified, terminated or waived
in any manner that is material and adverse to the Placement Agent(s) without the written consent of the Placement Agent(s).

 

(e)
Entire Agreement. This Subscription Agreement constitutes the entire agreement, and supersedes all other prior agreements,
understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof
(other than any confidentiality agreement entered into by the Company and the Subscriber in connection with the Offering).

 

(f)
Successors and Assigns. This Subscription Agreement shall be binding upon, and inure to the benefit of the parties hereto
and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations,
warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs, executors,
administrators, successors, legal representatives and permitted assigns.

 

(g)
Severability. If any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity,
legality or enforceability of the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired
thereby and shall continue in full force and effect. The parties will endeavor in good faith negotiations to replace the prohibited,
invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the
prohibited, invalid or unenforceable provision(s).

 

(h)
Counterparts. This Subscription Agreement may be executed and delivered in one or more counterparts (including by facsimile,
electronic mail or in .pdf (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic
Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com)) and by different
parties in separate counterparts, with the same effect as if all parties hereto had signed the same document. All counterparts
so executed and delivered shall be construed together and shall constitute one and the same agreement.

 

(i)
Specific Performance. The parties hereto agree that irreparable damage may occur in the event that any of the provisions
of this Subscription Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly
agreed that the parties shall be entitled to seek equitable relief, including an injunction or injunctions, to prevent breaches
of this Subscription Agreement and to enforce specifically the terms and provisions of this Subscription Agreement, this being
in addition to any other remedy to which such party is entitled at law, in equity, in contract, in tort or otherwise. Each party
hereto further agrees that none of the parties hereto or the Placement Agent or Target shall be required to obtain, furnish or
post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this Section 10(i),
and each party hereto irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond
or similar instrument.

 

    20

     

    

 

(j)
GOVERNING LAW AND JURY TRIAL. THIS SUBSCRIPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS THAT WOULD OTHERWISE REQUIRE THE APPLICATION
OF THE LAW OF ANY OTHER STATE. EACH PARTY HERETO HEREBY WAIVES ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION PURSUANT
TO THIS SUBSCRIPTION AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

 

(k)
Venue. Each party hereby irrevocably and unconditionally consents to submit to the exclusive jurisdiction of the United
States District Court for the Southern District of New York or, if there is no federal jurisdiction, in the state courts sitting
in New York County in the State of New York (the “Chosen Court”) for any actions, suits or proceedings arising
out of or relating to this Agreement and the transactions contemplated hereby (and each party agrees not to commence any action,
suit or proceeding relating thereto except in such courts). Each party hereby irrevocably and unconditionally waives any objection
to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby,
in the Chosen Court, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court
that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. To the extent it
has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service or
notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property,
the Subscriber hereby irrevocably waives such immunity in respect of its obligations with respect to this Agreement.

 

(l)
Notices. All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have
been duly given (i) when delivered in person, (ii) when delivered by facsimile or email, with affirmative confirmation of receipt,
(iii) one (1) Business Day after being sent, if sent by reputable, internationally recognized overnight courier service or (iv)
three (3) Business Days after being mailed, if sent by registered or certified mail, prepaid and return receipt requested, in
each case to the applicable party at the addresses set forth on the applicable signature pages hereto.

 

(m)
Headings and Certain Defined Terms. The headings set forth in this Subscription Agreement are for convenience of reference
only and shall not be used in interpreting this Subscription Agreement. In this Subscription Agreement, unless the context otherwise
requires: (i) whenever required by the context, any pronoun used in this Subscription 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”; and (iii) the words “herein”, “hereto” and “hereby” and other words of
similar import in this Subscription Agreement shall be deemed in each case to refer to this Subscription Agreement as a whole
and not to any particular portion of this Subscription Agreement, and references to any Section or Subsection shall refer to the
numbered and lettered Sections and Subsections of this Agreement. As used in this Subscription Agreement, the term: (x) “Business
Day” shall mean any day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in
New York, New York are authorized to close for business (excluding as a result of “stay at home”, “shelter-in-place”,
“non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations
at the direction of any governmental authority so long as the electronic funds transfer systems, including for wire transfers,
of commercially banking institutions in New York, New York are generally open for use by customers on such day); (y) “person”
shall refer to any individual, corporation, partnership, trust, limited liability company or other entity or association, including
any governmental or regulatory body, whether acting in an individual, fiduciary or any other capacity; and (z) “affiliate”
shall mean, with respect to any specified person, any other person or group of persons acting together that, directly or indirectly,
through one or more intermediaries controls, is controlled by or is under common control with such specified person (where the
term “control” (and any correlative terms) means the possession, direct or indirect, of the power to direct
or cause the direction of the management and policies of such person, whether through the ownership of voting securities, by contract
or otherwise). For the avoidance of doubt, any reference in this Subscription Agreement to an affiliate of the Company will include
the Company’s sponsor, CF Finance Holdings III, LLC.

 

    21

     

    

 

(n)
Further Assurances. At Closing, the parties hereto shall execute and deliver such additional documents and take such additional
actions as the parties may reasonably deem necessary in order to consummate the Offering as contemplated by this Subscription
Agreement.

 

(o)
Third Party Beneficiaries. The parties hereto agree that (a) the Placement Agent(s) are express third-party beneficiaries
of the representations, warranties and covenants of the Company contained in Section 4, the representations, warranties
and convents of the Subscriber contained in Section 5, and their express rights set forth in Section 10(d) and this
Section 10(o), and (b) the Target is an express third-party beneficiary of the representations, warranties and covenants
contained in this Agreement. Except for the foregoing, this Subscription Agreement shall not confer any rights or remedies upon
any person other than the parties hereto, and their respective successors and assigns.

 

11.
Non-Reliance and Exculpation. The Subscriber acknowledges that it is not relying upon, and has not relied upon, any
statement, representation or warranty made by any person other than the statements, representations and warranties contained in
this Subscription Agreement in making its investment or decision to invest in the Company. The Subscriber agrees that neither
(i) any Other Subscriber pursuant to the Other Subscription Agreements (including the controlling persons, members, officers,
directors, partners, agents, or employees of any such Other Subscriber) nor (ii) the Placement Agent(s), their respective affiliates
or any of their or their affiliates’ respective control persons, officers, directors or employees, shall be liable to the
Subscriber pursuant to this Subscription Agreement for any action heretofore or hereafter taken or omitted to be taken by any
of them in connection with the purchase of the Shares.

 

12.
Several not Joint. The obligations of Subscriber under this Subscription Agreement are several and not joint with the
obligations of any Other Subscriber or any other investor under the Other Subscription Agreements, and Subscriber shall not be
responsible in any way for the performance of the obligations of any Other Subscriber under any Other Subscription Agreement or
any other investor under the Other Subscription Agreements. Nothing contained herein or in any Other Subscription Agreement, and
no action taken by Subscriber or any Other Subscriber or other investor pursuant hereto or thereto, shall be deemed to constitute
Subscriber and any Other Subscribers or other investors as a partnership, an association, a joint venture or any other kind of
entity, or create a presumption that Subscriber and any Other Subscribers or other investors are in any way acting in concert
or as a “group” (within the meaning of Section 13(d) of the Exchange Act) with respect to such obligations or
the transactions contemplated by this Subscription Agreement and the Other Subscription Agreements. Subscriber acknowledges that
no Other Subscriber has acted as agent for Subscriber in connection with making its investment hereunder and no Other Subscriber
will be acting as agent of Subscriber in connection with monitoring its investment in the Shares or enforcing its rights under
this Subscription Agreement.

 

 

{SIGNATURE
PAGES FOLLOW}

 

    22

     

    

 

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

 

	 	CF FINANCE ACQUISITION CORP. III
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

Address
for Notice:

 

CF
Finance Acquisition Corp. III

110 East 59th Street

New
York, New York 10022

Email:
CFFinanceIII@cantor.com

Attention: Chief Executive Officer

 

Copy
to:

 

Ellenoff
Grossman & Schole LLP

1345 Avenue of the Americas

New York, NY 10105

		Attn: 	Stuart Neuhauser, Esq.

		
	Matthew A. Gray, Esq.

		Email:	sneuhauser@egsllp.com

		
	mgray@egsllp.com

Telephone No.: (212) 370-1300

Facsimile No.: (212) 370-7889

 

and

 

Cantor
Fitzgerald & Co.

110 East 59th Street

New York, New York 10022

Email: smerkel@cantor.com

Attention: Stephen Merkel, General Counsel

 

 

{Signature
Page to Subscription Agreement}

 

    23

     

    

 

{SUBSCRIBER
SIGNATURE PAGE TO THE SUBSCRIPTION AGREEMENT}

 

IN
WITNESS WHEREOF, the undersigned has caused this Subscription Agreement to be duly executed by its authorized signatory as of
the date first indicated above.

 

 

	Name(s) of Subscriber:	 	 
	 	 	 
	Signature of Authorized Signatory of Subscriber:	 	 
	 	 	 
	Name of Authorized Signatory:	 	 
	 	 	 
	Title of Authorized Signatory:	 	 

 

Address
for Notice to Subscriber:

 

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	Attention:	 	 
	 	 	 	 

	 	Email:	 	 

	 	 	 	 
	 	Facsimile No.:	 	 
	 	 	 	 
	 	Telephone No.:	 	 

 

 

Address
for Delivery of Shares to Subscriber (if not same as address for notice):

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

	Subscription Amount: $	 	 
	 	 	 
	Number of Shares:	 	 
	 	 	 
	EIN Number:	 	 

 

 

{Signature
Page to Subscription Agreement}

 

    24

     

    

 

Exhibit
A

Accredited
Investor Questionnaire

 

Capitalized
terms used and not defined in this Exhibit A shall have the meanings given in the Subscription Agreement to which this
Exhibit A is attached.

 

The
undersigned represents and warrants that either (a) the undersigned is an “Institutional Account” as such term is
defined in FINRA Rule 4512(c) or (b) the undersigned has provided a suitability questionnaire in form and substance reasonably
satisfactory to the Placement Agent on or prior to the date hereof.

 

The
undersigned represents and warrants that the undersigned is an “accredited investor” as such term is defined in Rule
501(a) (1), (2), (3), (7) or (9) of Regulation D under the U.S. Securities Act of 1933, as amended (the “Securities Act”),
for one or more of the reasons specified below (please check all boxes that apply):

 

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

 

	_______	(ii)	A broker or dealer registered pursuant to Section 15
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);

 

	_______	(iii)	An investment adviser registered pursuant to section
203 of the Investment Advisers Act of 1940 (the “Investment Advisers Act”) or registered pursuant to the laws
of a state, or an investment adviser relying on the exemption from registering with the Commission under the section 203(l) or
(m) of the Investment Advisers Act;

 

	_______	(iv)	An insurance company as defined in section 2(13) of
the Exchange Act;

 

	_______	(v)	An investment company registered under the Investment
Company Act or a business development company as defined in Section 2(a)(48) of that Act;

 

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

 

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

 

	_______	(viii)	An employee benefit plan within the meaning of the Employee
Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of
such act, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the
employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely
by persons that are accredited investors;

 

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

 

	_______	(x)	An organization described in Section 501(c)(3) of the
Internal Revenue Code, or a corporation, business trust, partnership, or limited liability company, or any other entity not formed
for the specific purpose of acquiring the Shares, with total assets in excess of $5,000,000;

 

    A-1

     

    

 

	_______	(xi)	A trust, with total assets in excess of $5,000,000,
not formed for the specific purpose of acquiring the Securities, whose purchase is directed by a sophisticated person who has
such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks
of investing in the Company;

 

	_______	(xii)	an entity in which all of the equity owners are “accredited
investors”; and/or

 

	_______	(xiii)	An entity, of a type not listed in any of the foregoing
paragraphs, not formed for the specific purpose of acquiring the securities and owning investments in excess of $5,000,000.

 

	_______	(xiv)	The Subscriber does not qualify under any of the investor
categories set forth in (i) through (xiii) above.

 

 

		2.1	Type
                                         of the Subscriber. Indicate the form of entity of the Subscriber:

 

	 	☐	Limited Partnership	☐	Corporation	 
	 	☐	General Partnership	☐	Revocable Trust	 

	 	☐	Other Type of Trust (indicate type):	 	 	 
	 	☐	Other (indicate form of organization):	 	 	 

 

 

	 	Subscriber:	 
	 	 	 
	 	Subscriber Name:	 

	 	 	 
	 	By:	
	 	Signatory Name:
	 	 Signatory Title:

 

    A-2

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