Document:

Exhibit
10.1

 

Execution Version

 

STARRY
GROUP HOLDINGS, INC.

38 Chauncy Street, Suite 200

Boston,
MA 02111

 

March
28, 2022

 

VIA
EMAIL

 

FirstMark
Horizon Acquisition Corp.

100 5th Ave,
3rd Floor

New York,
NY 10011

Attn: Eric
Cheung

E-mail: eric@firstmarkcap.com

 

Re:Waiver
of Closing Conditions

 

Ladies
and Gentlemen:

 

Reference
is made to that certain Agreement and Plan of Merger, dated as of October 6, 2021 (as the same may be amended, modified or supplemented
from time to time, the “Merger Agreement”), by and among FirstMark Horizon Acquisition Corp., a Delaware corporation
(“SPAC”), Sirius Merger Sub, Inc., a Delaware corporation (“Merger Sub”), Starry Group Holdings,
Inc. (f/k/a Starry Holdings, Inc.), a Delaware corporation (“Holdings”), and Starry, Inc., a Delaware corporation
(the “Company”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them
in the Merger Agreement.

 

Section
9.03(e) of the Merger Agreement provides that the obligation of the Company and Holdings to consummate the
Mergers is subject to the satisfaction or waiver by the Company of the condition that the Closing Surviving Corporation Cash equal or
exceed $300,000,000 (the “Minimum Cash Condition”).

 

Section
8.10 of the Merger Agreement contemplates that the Company, SPAC and Merger Sub shall take all actions to consummate the transactions
contemplated by the Subscription Agreements on the terms and conditions described or contemplated therein and that unless otherwise approved
in writing by the Company, SPAC shall not permit any amendment or modification to be made to, any waiver of, or provide consent to modify,
any provision or remedy under any of the Subscription Agreements (any such amendment, modification or waiver, a “Subscription
Agreement Amendment”).

 

Section
6.09 of the Merger Agreement contemplates that the Company will use reasonable best efforts to deliver payoff letters and related documentation
with respect to the Subject Indebtedness to Holdings and SPAC at least two Business Days prior to the Acquisition Merger Closing Date
(the covenants set forth in Section 6.09 of the Merger Agreement, together with any other covenants or agreements under the Merger Agreement
relating to the payoff or extinguishment of Subject Indebtedness, the “Debt Payoff Covenants”).

 

     

     

    

 

The
parties to the Merger Agreement acknowledge and agree that the transactions contemplated by the Convertible Note Subscription Agreements
(the “Note Financing”) shall not be consummated and each such party hereby irrevocably waives any rights that it may
have relating thereto under the Merger Agreement, including any condition to such party’s obligation to consummate the Mergers
relating thereto (the “Note Waiver”).

 

The
parties to the Merger Agreement acknowledge and agree that the Subject Indebtedness will not be repaid in connection with the consummation
of the Mergers and each such party hereby irrevocably waives any rights that it may have relating thereto under the Merger Agreement,
including any condition to such party’s obligation to consummate the Mergers relating thereto and any other parties’ compliance
with or performance of the Debt Payoff Covenants (the “Indebtedness Payoff Waiver”).

 

The
Company (on behalf of itself and Holdings) hereby irrevocably waives the Minimum Cash Condition (the “Minimum Cash Waiver”).

 

The
Company hereby consents to the Subscription Agreement Amendments in the form agreed upon by the parties.

 

The
parties to the Merger Agreement acknowledge and agree that, notwithstanding anything to the contrary in Section 2.06(a), the following
directors and officers shall be appointed as directors and officers of the Surviving Corporation effective as of the SPAC Merger Effective
Time and will continue as the directors and officers of the Surviving Corporation following the Acquisition Merger Effective Time:

 

Directors:

 

		●	Elizabeth
                                            A. Graham as Class I director

 

		●	James
                                            Chiddix and Robert Nabors as Class II directors

 

		●	Chaitanya
                                            Kanojia and Amish Jani as Class III directors

 

Officers:

 

		●	Chaitanya
                                            Kanojia, Chief Executive Officer

 

		●	Komal
                                            Misra, Executive Vice President and Chief Financial Officer

 

		●	Joseph
                                            Lipowski, Executive Vice President and Chief Technology Officer

 

		●	Alex
                                            Moulle-Berteaux, Executive Vice President and Chief Operating Officer

 

		●	Virginia
                                            Lam Abrams, Executive Vice President, Government Affairs and Strategic Advancement

 

		●	William
                                            Lundregan, Executive Vice President, Chief Legal Officer and Secretary

  

		●	Jeremy
                                            MacKechnie, Executive Vice President, Head of People and Customer Experience

 

		●	Brian
                                            Regan, Executive Vice President, Strategy and Chief of Staff

 

Except
as expressly provided for in this letter, the Merger Agreement is in all respects ratified and confirmed and all the terms, conditions,
and provisions thereof shall remain in full force and effect.

 

(Signature
Pages Follows)

 

    3

     

    

 

	 	Sincerely,
	 	 	 
	 	STARRY GROUP HOLDINGS, INC.
	 	 	 
	 	By:	/s/ William Lundregan
	 	Name:	William Lundregan
	 	Title:	President
	 	 	 
	 	Starry, inc.
	 	 	 
	 	By:	/s/ Chaitanya Kanojia
	 	Name:	Chaitanya Kanojia
	 	Title:	President

 

[Signature Page to Merger Agreement Waiver]

 

     

     

    

 

	Agreed to and Acknowledged by:	 
	 	 	 
	FIRSTMARK HORIZON ACQUISITION
    CORP. 	 
	 	 	 
	By:  	/s/ Amish Jani	 
	Name:	Amish Jani	 
	Title:	President	 
	 	 	 
	Sirius Merger Sub, Inc. 	 
	 	 	 
	By:  	/s/ Amish Jani	 
	Name: 	Amish Jani	 
	Title:	Chief Executive Officer	 

 

[Signature Page to Merger Agreement Waiver]Exhibit 10.2

 

FORM OF WAIVER AND AMENDMENT NO. 1 TO SUBSCRIPTION
AGREEMENT

 

THIS WAIVER AND AMENDMENT
NO. 1 TO SUBSCRIPTION AGREEMENT (this “Amendment”) to that certain Subscription Agreement, dated as of October 6,
2021 (the “Subscription Agreement”), by and among the undersigned
subscriber (the “Subscriber”), FirstMark Horizon Acquisition Corp., a Delaware corporation (the “Company”),
and Starry Group Holdings, Inc. (f/k/a Starry Holdings, Inc.), a Delaware corporation (“Holdings”), is made as of
March [●], 2022 by and among the Subscriber, the Company and Holdings. Capitalized terms used, but not otherwise defined
herein shall have the respective meanings ascribed to such terms in the Subscription Agreement.

 

WHEREAS, in accordance
with Section 9(h) of the Subscription Agreement, the terms of the Subscription Agreement may be amended or waived only by an instrument
in writing, signed by each of the parties thereto;

 

WHEREAS, the obligation
of the Subscriber to consummate the Closing is subject to the satisfaction or waiver in writing by the Subscriber of the conditions, among
others, that (i) the Transaction Agreement shall not have been amended, modified or waived by the Company in a manner that would reasonably
be expected to materially adversely affect the economic benefits that the Subscriber would reasonably expect to receive under the Subscription
Agreement without the Subscriber’s prior written consent (the “MA Waiver Condition”) and (ii) the closing of
the offering of the Convertible Notes shall occur substantially concurrently with the Closing (the “Note Condition”);

 

WHEREAS, the parties
to the Transaction Agreement have acknowledged and agreed that the transactions contemplated by the Note Subscription Agreements (the
“Note Financing”) shall not be consummated and have waived any rights such parties may have relating thereto under
the Transaction Agreement (the “Note Waiver”);

 

WHEREAS, Section 9.03(e)
of the Transaction Agreement provides that the obligation of Holdings and Starry, Inc., a Delaware corporation (“Starry Inc.”),
to consummate the Mergers (as defined in the Transaction Agreement) is subject to the satisfaction or waiver by Starry Inc. of the condition
that the Closing Surviving Corporation Cash (as defined in the Transaction Agreement) equal or exceed $300,000,000 (the “Minimum
Cash Condition”);

 

WHEREAS, Starry Inc.
(on behalf of itself and Holdings) has waived the Minimum Cash Condition (the “Minimum Cash Waiver”);

 

WHEREAS, the parties
to the Transaction Agreement have acknowledged and agreed that the Subject Indebtedness (as defined in the Transaction Agreement) will
not be repaid in connection with the consummation of the Mergers and have waived any rights such parties may have relating thereto under
the Transaction Agreement, including any condition to such party’s obligation to consummate the Mergers relating thereto and any
other parties’ compliance with or performance of the covenants in the Transaction Agreement relating to the payoff or extinguishment
of the Subject Indebtedness (the “Indebtedness Payoff Waiver”);

 

WHEREAS, the Company
and Holdings entered into certain Non-Redemption Agreements with shareholders of the Company pursuant to which (i) such shareholders agreed
not to redeem their shares of Class A common stock of the Company and (ii) Holdings agreed to issue such investors an aggregate of 422,108
Class A Common Shares (the “NRA Issuances”); and

 

     

     

    

 

WHEREAS, Subscriber,
Company and Holdings desire to amend and waive certain terms of the Subscription Agreement in accordance with this Amendment.

 

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

 

1. Amendment.

 

(a) The
“Per Share Price” definition, and the “Price Per Subscribed Share” listed on the signature page of the Subscription
Agreement, is hereby amended such that the purchase price per share is decreased to $7.50 per share from $10.00 per share.

 

(b) The
Recitals of the Subscription Agreement are hereby amended such that the aggregate number of Class A Common Shares to be sold pursuant
to the Subscription Agreement and the Other Subscription Agreements (which such Other Subscription Agreements shall be amended in substantially
the same form as this Amendment (collectively, the “Subscription Agreement Amendments”)) is increased to 14,533,334
Class A Common Shares from 10,900,000 Class A Common Shares.

 

(c) The
aggregate number of Subscribed Shares, and the Aggregate Purchase Price therefor, is hereby amended as set forth on Exhibit A hereto.

 

2. Waivers.

 

(a) The
Subscriber hereby irrevocably waives (i) the Note Condition, (ii) the MA Waiver Condition as it relates to the Minimum Cash Waiver, the
Note Waiver and the Indebtedness Payoff Waiver, and (iii) any other rights that the Subscriber may have (including in respect of any breach
of representation or warranty by the Company or Holdings), or any condition to the Subscriber’s obligation to consummate the Closing,
under the Subscription Agreement relating to (A) the Minimum Cash Waiver or the failure to satisfy the Minimum Cash Condition, (B) the
Note Waiver or the failure to consummate the Note Financing, (C) the Indebtedness Payoff Waiver or the failure to payoff or extinguish
the Subject Indebtedness; provided that the foregoing waivers in respect of the Indebtedness Payoff Waiver or the failure to payoff
or extinguish the Subject Indebtedness are conditioned upon the receipt of a consent to the Transactions for purposes of the Subject Indebtedness
from the applicable holders of the Subject Indebtedness, (D) the NRA Issuances and (E) the Subscription Agreement Amendments.

 

(b) The
Subscriber hereby acknowledges that the parties to the Transaction Agreement anticipate that the Closing Date will occur on March 29,
2022, and the Subscriber hereby agrees to deliver the Aggregate Purchase Price by wire transfer of United States dollars in immediately
available funds to the account specified on Exhibit B hereto no later than March 25, 2022, such funds to be held in escrow by a
third-party escrow provider until the Closing. The Subscriber agrees that this Amendment shall constitute the Closing Notice and that
such Closing Notice shall be deemed to have been timely given.

 

3. Effect
of Waiver and Amendment. Except as specifically amended or waived herein, the Subscription Agreement is hereby ratified and confirmed
and shall remain in full force and effect. Each reference in the Subscription Agreement to “this Subscription Agreement,”
“hereunder,” “hereof,” “herein” or words of like import, and each reference to the Subscription Agreement
in the other documents entered into in connection with the Subscription Agreement, shall mean and be a reference to the Subscription Agreement,
as amended and waived by this Amendment.

 

4. Miscellaneous.
Section 9 of the Subscription Agreement shall apply to this Amendment mutatis mutandis.

 

[Remainder of Page Intentionally Left Blank]

 

    2

     

    

 

IN WITNESS WHEREOF, the undersigned
parties have executed this Amendment as of the date first written above.

 

	 	COMPANY:
	 	 	 
	 	FIRSTMARK HORIZON ACQUISITION CORP.  
	 	 
	 	By:	
	 	Name:	Amish Jani
	 	Title:	President

 

Signature
Page to Waiver and Amendment No. 1 to Subscription Agreement

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned
parties have executed this Amendment as of the date first written above.

 

	 	HOLDINGS:
	 	 
	 	STARRY GROUP HOLDINGS, inc.
	 	 	 
	 	By:	              
	 	Name:	William Lundregan
	 	Title:	President

 

Signature
Page to Waiver and Amendment No. 1 to Subscription Agreement

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned
parties have executed this Amendment as of the date first written above.

 

	 	SUBSCRIBER:
	 	 
	 	[●]	 
	 	 	 
	 	By:	                    
	 	Name:	 
	 	Title:
     	 

 

Signature
Page to Waiver and Amendment No. 1 to Subscription Agreement

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