Document:

Exhibit
10.7

SUBSCRIPTION
AGREEMENT

 

This
Subscription Agreement (this “Agreement”), is made as of May 6, 2016 by and between WL Ross Holding Corp. (the
“Company”) and the undersigned subscriber (the “undersigned”) . In connection with the proposed
business combination between the Company and Nexeo Solutions Holdings, LLC (the “Nexeo Business Combination”)
pursuant to the Agreement and Plan of Merger, dated as of March 21, 2016, as may be amended from time to time (the “Merger
Agreement”), the Company is seeking commitments from certain of its existing stockholders and other persons known to
the Company to purchase shares of the Company’s common stock, par value $0.0001 per share (the “Shares”),
for a purchase price of $10.00 per share, in a private placement.

 

1.     Subscription.
The undersigned hereby irrevocably subscribes for and agrees to purchase from the Company such number of Shares as is set forth
on the signature page of this Agreement on the terms provided for herein.

 

2.     Closing.
The closing of the sale of Shares contemplated hereby (the “Closing”) shall occur immediately prior to and
on the day of the closing of the Nexeo Business Combination. Upon not less than two (2) business days’ written notice from
(or on behalf of) the Company to the undersigned (the “Closing Notice”) that the Company reasonably expects
the closing of the Nexeo Business Combination to occur, the undersigned shall deliver as soon as reasonably practicable on the
date of the Closing specified in the Closing Notice (and prior to the closing of the Nexeo Business Combination) to an account
designated by the Company, the subscription amount for the Shares subscribed by wire transfer of United States dollars in immediately
available funds. Prior to the date of Closing specified in the Closing Notice, the Company shall deliver (or cause the delivery
of) the Shares in book entry or certificated form to the undersigned or to a custodian designated by the undersigned, as applicable,
to be held by the undersigned (or a custodian designated by the undersigned , as the case may be) pending completion of the Closing.
Upon satisfaction of the conditions set forth in Section 3 below, the Company shall notify the undersigned in writing that the
Closing has been completed. If the subscription is rejected in whole or in part by the Company or if the Merger Agreement is terminated
or cancelled prior to the Closing, any payment of the subscription amount made prior to termination by the undersigned will be
returned immediately, without interest, by the Company, and any stock certificate(s) issued by the Company to the undersigned
representing the Shares will be returned immediately by the undersigned to the Company.

 

3.     Conditions.
The closing of the sale of the Shares pursuant to this Agreement is conditioned upon (i) the Company obtaining the required approvals
from its stockholders for the proposals related to the Nexeo Business Combination (which include the issuance of shares under
this Agreement), (ii) if necessary prior to completing the Nexeo Business Combination, the Company obtaining the required approvals
from its stockholders for the proposals related to extending the Company’s corporate existence beyond June 11, 2016, (iii)
if stock certificate(s) representing the Shares are requested by the undersigned at least two (2) business days prior to the expected
date of the Closing, delivery of such stock certificate(s) to the address(es) designated by the undersigned in writing with such
stock certificate(s) dated as of the expected date of the Closing, (iv) the satisfaction or waiver of all conditions precedent
set forth in the Merger Agreement (other than those which may only be satisfied at the closing of the Business Combination), (v)
receipt of the subscription amount for the Shares subscribed to by the undersigned by wire transfer of United Stated dollars in
immediately available funds pursuant to the terms hereof, (vi) execution and delivery by the undersigned of the Investor Questionnaire
and the Form W-9 described in Section 4 below, and (vii) the representations and warranties of the undersigned set forth in such
Investor Questionnaire are true and correct as of the date hereof and as of the date of the Closing.

 

4.     Investor
Questionnaire; Form W-9. The undersigned has, concurrently with the execution and delivery of this Agreement, executed and
delivered the Investor Questionnaire and the Form W-9 in the forms attached hereto as Exhibit A and Exhibit B, respectively.
The representations and warranties of the undersigned set forth in the Investor Questionnaire shall be true and correct as of
the date hereof and as of the date of the Closing as if made on and as of such date. The undersigned agrees to promptly notify
the Company and provide it with the relevant updated information for any change in circumstances at any time on or prior to the
Closing.

 

5.     Expenses.
The undersigned shall pay all of its own expenses in connection with this Agreement and the transactions contemplated hereby.

 

     

     

    

  

6.     Registration
Rights. Promptly after the consummation of the Nexeo Business Combination (but no later than fifteen (15) business days thereafter),
the Company will (i) file with the SEC a registration statement registering (among other securities) the resale of the Shares
received by the undersigned in respect of the undersigned’s Shares acquired hereunder (the “Registration Statement”),
and (ii) use its reasonable efforts to have the Registration Statement declared effective as soon as reasonably practicable after
the filing thereof and maintain the effectiveness of the Registration Statement until such time as the undersigned’s Shares
have been sold thereunder or can be sold in market transactions pursuant to Rule 144 under the Securities Act of 1933, as amended,
or any analogous or successor rule or regulation; provided, however, that (A) the Company shall not be required to register or
facilitate the resale of the undersigned’s Shares pursuant to any underwritten or marketed offering and (B) the Company’s
obligations to include such Shares in the Registration Statement are contingent upon the undersigned furnishing in writing to
the Company such information regarding the undersigned, the securities of the Company held by the undersigned and the intended
method of disposition of the Shares as shall be reasonably requested by the Company to effect the registration of the Shares,
and the undersigned 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, including, among other things, providing that the Company shall
be entitled to postpone and suspend the effectiveness or use of the Registration Statement during any customary blackout or similar
period. Subject to the undersigned’s compliance with this Agreement, the Company hereby expressly agrees to perform the
covenants contained in this Section 6.

 

7.     Company
Representations. The Company represents and warrants that:

 

(a)The
Company has been duly incorporated, is validly existing and is in good standing under the laws of the State of Delaware, with
corporate power and authority to own, lease and operate its properties and conduct its business as presently conducted.

 

(b)The
Agreement has been duly authorized, executed and delivered by the Company and constitutes a legal, valid and binding obligation
of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by:
(i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws in effect that limit creditors’
rights generally; (ii) equitable limitations on the availability of specific remedies; (iii) principles of equity (regardless
of whether such enforcement is considered in a proceeding in law or in equity); and (iv) to the extent rights to indemnification
and contribution may be limited by federal securities laws or the public policy underlying such laws.

 

(c)The
Shares have been duly authorized and, when issued and delivered to the undersigned against full payment therefor in accordance
with the terms of this 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 Certificate of Incorporation
or under the law of the State of Delaware. The issuance and sale of the Shares and the compliance by the Company with all of the
provisions of this Agreement and the consummation of the transactions herein will be done in accordance with the NASDAQ marketplace
rules.

 

8.     Trust
Account Waiver. The undersigned acknowledges that the Company is a blank check company formed for the purpose of effecting
a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or
more businesses. The undersigned further acknowledges that, as described in the final prospectus relating to the Company’s
initial public offering filed with the Securities and Exchange Commission on or about June 9, 2014 (the “Prospectus”),
substantially all of the Company’s assets consist of the cash proceeds of the Company’s initial public offering and
private placements of its securities and substantially all of those proceeds have been deposited into a trust account (the “Trust
Account”) for the benefit of the Company and its public stockholders. As described in the Prospectus, the funds held
from time to time in the Trust Account may only be released upon certain conditions. The undersigned hereby acknowledges and agrees
that, except with respect to shares of common stock of the Company owned by the undersigned acquired other than pursuant to this
Agreement, it has no right of set-off or any right, title, interest or claim of any kind (“Claim”) to, or to
any monies or other assets in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies or other assets
in, the Trust Account that it may have now or in the future. The undersigned acknowledges and agrees that the undersigned shall
not have any redemption rights with respect to the Shares pursuant to the Company’s Certificate of Incorporation in connection
with the stockholder proposals related to the Nexeo Business Combination or the extension of the Company’s corporate existence
beyond June 11, 2016, any subsequent liquidation of the Trust Account or the Company or otherwise. In the event the undersigned
has any Claim against the Company under this Agreement or otherwise, the undersigned shall pursue such Claim solely against the
Company and its assets held outside of the Trust Account and not against the Trust Account or any monies or other assets held
in the Trust Account.

 

     

     

    

 

9.     Governing
Law; Jurisdiction. This 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 law thereof that would require the application of the laws of any jurisdiction
other than New York. The undersigned consents to the non-exclusive jurisdiction of the federal courts whose districts encompass
any part of the City of New York or the state courts of the State of New York sitting in the City of New York in connection with
any dispute arising under this Agreement and hereby waives, to the maximum extent permitted by law, any objection, including any
objection based on forum non conveniens, to the bringing of any such proceeding in such jurisdictions.

 

10.     Specific
Performance. The parties agree that irreparable damage would occur if any provision of this Agreement were not performed in
accordance with the terms hereof, and, accordingly, that the parties shall be entitled to seek an injunction or injunctions to
prevent breaches of this Agreement or to enforce specifically the performance of the terms and provisions hereof in any action
brought in the federal courts whose districts encompass any part of the City of New York or the state courts of the State of New
York sitting in the City of New York, without proof of actual damages or otherwise, in addition to any other remedy to which they
are entitled at law or in equity. Each of the parties hereby further waives (a) any defense in any action for specific performance
that a remedy at law would be adequate and (b) any requirement under any law to post security or a bond as a prerequisite
to obtaining equitable relief.

 

11.     WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO (ON BEHALF OF ITSELF AND ITS SUBSIDIARIES) HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY
IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR
THE TRANSACTIONS CONTEMPLATED HEREBY.

 

12.     Assignment;
Third Party Beneficiaries. No party may assign any of its or his rights or delegate any of its or his obligations under this
Agreement without the prior written consent of the other parties. Subject to the preceding sentence, this Agreement shall be binding
upon and shall inure to the benefit of and be enforceable by the parties and their respective successors, including without limitation
any corporate successor by merger or otherwise. Nothing expressed or referred to in this Agreement will be construed to give any
person, other than the parties to this Agreement and their respective successors, any legal or equitable right, remedy or claim
under or with respect to this Agreement or any provision of this Agreement.

 

13.     Entire
Agreement. This Agreement along with the Investor Questionnaire attached hereto constitutes the entire agreement and supersedes
all prior agreements, understandings and representations and warranties, both written and oral, among the parties hereto with
respect to the subject matter hereof. Notwithstanding anything in this Agreement to the contrary, nothing herein shall be deemed
to modify, amend, or otherwise affect the rights and obligations of the Company set forth in the Merger Agreement.

 

14.     Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority
to be invalid, void, unenforceable or against its regulatory policy, the remainder of the terms, provisions, covenants and restrictions
of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and this Agreement
shall be reformed, construed and enforced in such jurisdiction such that the invalid, illegal or unenforceable provision or portion
thereof shall be interpreted to be only so broad as is enforceable.

 

15.     Counterparts.
This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same agreement and shall
become effective when two or more counterparts have been signed by each of the parties and delivered to the other parties (including
by facsimile or via portable document format (.pdf)), it being understood that all parties need not sign the same counterpart.

 

     

     

    

 

 

16.     Expiration.
Except with respect to the Company’s obligation to return any subscription amount deposited pursuant to Section 2, this
Agreement shall terminate and be of no further force or effect and any stock certificate(s) issued representing the Shares shall
be cancelled, without any liability to the undersigned, if the Company issues a public announcement announcing the termination
of the Merger Agreement, and/or notifies the undersigned in writing that it has abandoned its plans to move forward with the Nexeo
Business Combination.

 

17.     Representative
Capacity; Nonrecourse Obligations. A copy of the declaration of trust or other organizational document of each of the undersigned
that is organized as a Massachusetts business trust is on file with the Secretary of the Commonwealth of Massachusetts, and notice
is hereby given that this Agreement is not executed on behalf of the members of the Board of Trustees as individuals, and the
obligations of this Agreement are not binding upon any of the trustees, managers, officers, shareholders or partners of any of
the undersigned individually, but are binding only upon the assets and property of each of the undersigned’s respective
portfolios. The Company agrees that no shareholder, trustee, manager, officer or partner of any of the undersigned may be held
personally liable or responsible for any obligations of any of the undersigned arising out of this Agreement.

 

18.     Several
Obligations of the Undersigned. With respect to any obligations of one of the undersigned arising out of this Agreement, the
Company shall look for payment or satisfaction of any obligation solely to the assets and property of the undersigned to which
such obligation relates as though each of the undersigned had separately contracted with the Company by separate written instrument
with respect to each of the undersigned. Consistent with the foregoing, the obligations of each of the undersigned under this
Agreement are several and neither joint nor joint and several.

 

 

[Signature
page follows]

 

     

     

    

 

	 	UNDERSIGNED
	 	 	 
	 	MFS Series Trust X on behalf of MFS Global Alternative Strategy Fund
	 	 	 
	 	By: 	/s/ Joseph C. Flaherty
	 	Name: 	Joseph C. Flaherty
	 	Title: 	As Authorized Signatory and not in my individual capacity
	 	 	 
	 	Address: 	111 Huntington Ave., Boston, MA 02109
	 	Facsimile: 	 

 

	 	Number of Shares Subscribed For	 4,372

 

	 	MFS Series Trust I on behalf of MFS New Discovery Fund
	 	 	 
	 	By: 	/s/ Joseph C. Flaherty
	 	Name: 	Joseph C. Flaherty
	 	Title: 	As Authorized Signatory and not in my individual capacity
	 	 	 
	 	Address:	 111 Huntington Ave., Boston, MA 02109
	 	Facsimile:	 

 

	 	Number of Shares Subscribed For: 	233,087

 

	 	MFS Variable Insurance Trust on behalf of MFS New Discovery Series
	 	 	 
	 	By:	 /s/ Joseph C. Flaherty
	 	Name:	 Joseph C. Flaherty
	 	Title: 	As Authorized Signatory and not in my individual capacity
	 	 	 
	 	Address:	 111 Huntington Ave., Boston, MA 02109
	 	Facsimile:	 

 

	 	Number of Shares Subscribed For:	 134,847

 

 

	ACKNOWLEDGED AND AGREED:
	 	 	 
	WL ROSS HOLDING CORP.
	 	 	 
	By:	/s/ Wilbur L. Ross, Jr.	 
	Name: 	Wilbur L. Ross, Jr	 
	Title: 	Chairman	 

 

 

 

 

 

 

 

 

 

 

 

[Signature page to Subscription Agreement]Exhibit 10.8

 

 

 

January 11, 2016

 

WL Ross Holding Corp.

1166 Avenue of the Americas

New York, NY 10036

 

Re:      Letter Agreement

 

Sir or Madam:

 

This letter (this “Letter Agreement”)
is being delivered to you in connection with your role as a director or officer of the Company, consistent with the terms required
of the company's existing directors and officers pursuant to the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and between WL Ross Holding Corp., a Delaware corporation (the “Company”), and Deutsche
Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters
(the “Underwriters”), relating to an underwritten initial public offering (the “Public Offering”),
of 40,000,000 of the Company’s units (the “Units”), each comprised of one share of the Company’s
common stock, par value $0.0001 per share (the “Common Stock”), and one warrant (each, a “Warrant”).
Each Warrant entitles the holder thereof to purchase one-half of one share of the Common Stock at a price of $5.75 per half share,
subject to adjustment. The Units were sold in the Public Offering pursuant to a registration statement on Form S-1 and prospectus
(the “Prospectus”) filed by the Company with the Securities and Exchange Commission (the “Commission”)
and the Company had the Units listed on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in paragraph
9 hereof.

 

For good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned individual, who is a director of the Company or member
of the Company’s management team (the “Insider”), hereby agrees with the Company as follows:

 

1. The Insider agrees that if the Company
seeks stockholder approval of a proposed Business Combination, then in connection with such proposed Business Combination, he or
she shall (i) vote any shares of Common Stock owned by him or her in favor of any proposed Business Combination and (ii) not redeem
any shares of Common Stock owned by him or her in connection with such stockholder approval.

 

2. The Insider hereby agrees that in the
event that the Company fails to consummate a Business Combination (as defined in the Underwriting Agreement) within 24 months from
the closing of the Public Offering, or such later period approved by the Company’s stockholders in accordance with the Company’s
amended and restated certificate of incorporation, he or she shall take all reasonable steps to cause the Company to (i) cease
all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than 10 business
days thereafter, subject to lawfully available funds therefor, redeem 100% of the Common Stock sold as part of the Units in the
Public Offering (the “Offering Shares”), at a per-share price, payable in cash, equal to the aggregate
amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable and less up to $50,000
of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely
extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions,
if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the
approval of the Company’s remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject
in each case to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of
applicable law. The Insider agrees to not propose any amendment to the Company’s amended and restated certificate of incorporation
that would affect the substance or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company
does not complete a Business Combination within 24 months from the closing of the Public Offering, unless the Company provides
its public stockholders with the opportunity to redeem their shares of Common Stock upon approval of any such amendment at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (which interest
shall be net of taxes payable), divided by the number of then outstanding public shares. 

 

     

     

    

 

The Insider acknowledges that he or she has
no right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company
as a result of any liquidation of the Company with respect to the Founder Shares. The Insider hereby further waives, with respect
to any shares of the Common Stock held by him or her, if any, any redemption rights he or she may have in connection with the consummation
of a Business Combination, including, without limitation, any such rights available in the context of a stockholder vote to approve
such Business Combination or in the context of a tender offer made by the Company to purchase shares of the Common Stock (although
the Insider shall be entitled to redemption and liquidation rights with respect to any shares of the Common Stock (other than the
Founder Shares) he or she holds if the Company fails to consummate a Business Combination within 24 months from the date of the
closing of the Public Offering.

 

3. [Intentionally Omitted]

 

4. (a) Other than in the case of NBNK
Investments PLC, the Insider hereby agrees not to participate in the formation of, or become an officer or director of, any other
blank check company until the Company has entered into a definitive agreement with respect to a Business Combination or the Company
has failed to complete a Business Combination within 24 months after the closing of the Public Offering.

 

(b) The Insider hereby agrees and acknowledges
that: (i) each of the Underwriters and the Company would be irreparably injured in the event of a breach by such Insider of
his or her obligations under paragraphs 1, 2, 3, 4(a), 5(a), 5(b) and 7 of this Letter Agreement (ii) monetary damages may
not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition
to any other remedy that such party may have in law or in equity, in the event of such breach.

 

5. (a) The Insider agrees that he or
she shall not Transfer (as defined below) any Founder Shares or Private Placement Shares until the earlier of (i) one year after
the completion of the Company’s initial Business Combination or earlier if, subsequent to the Business Combination, (x) the
last sale price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the
Company’s initial Business Combination or (y) the date following the completion of the Company’s initial Business
Combination on which the Company completes a liquidation, merger, stock exchange or other similar transaction that results in all
of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property
(the “Founder Shares and Private Placement Shares Lock-up Period”).

 

(b) The Insider agrees that he or she shall
not effectuate any Transfer of Private Placement Warrants or Common Stock issued or issuable upon the conversion of the Private
Placement Warrants, until 30 days after the completion of a Business Combination (the “Private Placement Warrants Lock-up
Period”, together with the Founder Shares and Private Placement Shares Lock-up Period, the “Lock-up Periods”). 

 

(c) Notwithstanding the provisions set forth
in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and shares of Common Stock issued or issuable
upon the exercise or conversion of the Private Placement Warrants and that are held by the initial purchasers of the Private Placement
Warrants or their permitted transferees (that have complied with this paragraph 5(c)), are permitted (a) to the Company’s
officers or directors, any affiliates or family members of any of the Company’s officers or directors, any members of the
Sponsor, or any affiliates of such person or the Sponsor; (b) in the case of an individual, by a gift to a member of one of
the members of the individual’s immediate family or to a trust, the beneficiary of which is a member of one of the individual’s
immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue
of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified
domestic relations order; (e) by private sales or transfers made in connection with the consummation of a Business Combination
at prices no greater than the price at which the shares were originally purchased; (f) in the event of the Company’s
liquidation prior to the completion of a Business Combination; (g) by virtue of the laws of Delaware or the Sponsor’s limited
liability company agreement upon dissolution of the Sponsor; or (h) in the event of the Company’s completion of a liquidation,
merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to
exchange their shares of Common Stock for cash, securities or other property subsequent to the Company’s completion of its
initial Business Combination; provided, however, that in the case of clauses (a) through (e), these
permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions.

 

     

     

    

 

The Insider acknowledges and agrees that,
prior to the effective date of any release or waiver, of the restrictions set forth in this paragraph 5, the Company shall announce
the impending release or waiver by press release through a major news service at least two business days before the effective date
of the release or waiver. Any release or waiver granted shall only be effective two business days after the publication date of
such press release. The provisions of this paragraph will not apply if (i) the release or waiver is effected solely to permit
a transfer not for consideration and the transferee has agreed in writing to be bound by the same terms described in this Letter
Agreement to the extent and for the duration that such terms remain in effect at the time of the transfer or (ii) WL Ross Sponsor
LLC (the “Sponsor”) assigns its option to purchase 10,000,000 shares of Common Stock to an affiliated
fund pursuant to the Amended and Restated Securities Subscription Agreement, dated as of April 4, 2014, between the Company and
the Sponsor and agrees to be bound by the same terms described in this Letter Agreement to the extent and for the duration that
such terms remain in effect at the time of the transfer.

  

6. The Insider represents and warrants that
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had
a securities or commodities license or registration denied, suspended or revoked. Each Insider’s biographical information
furnished to the Company is true and accurate in all respects and does not omit any material information with respect to the undersigned’s
background. Each Insider’s questionnaire furnished to the Company is true and accurate in all respects. Each Insider represents
and warrants that: the undersigned is not subject to or a respondent in any legal action for, any injunction, cease-and-desist
order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;
the undersigned has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any
financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and the
undersigned is not currently a defendant in any such criminal proceeding.

 

7. Except as disclosed in the Prospectus,
neither the Insider, nor any affiliate of the Insider, shall receive from the Company any finder’s fee, reimbursement, consulting
fee, monies in respect of any repayment of a loan or other compensation prior to, or in connection with any services rendered in
order to effectuate the consummation of the Company’s initial Business Combination (regardless of the type of transaction
that it is), other than the following, none of which will be made from the proceeds of the Public Offering held in the Trust Account
prior to the completion of the initial Business Combination: reimbursement for any reasonable out-of-pocket expenses related to
identifying, investigating and consummating an initial Business Combination, and repayment of loans, if any, and on such terms
as to be determined by the Company from time to time, made by the Sponsor or certain of the Company’s officers and directors
to finance transaction costs in connection with an intended initial Business Combination.

 

8. The Insider has full right and power,
without violating any agreement to which he or she is bound (including, without limitation, any non-competition or non-solicitation
agreement with any employer or former employer), to enter into this Letter Agreement and, as applicable, to serve as a director
on the board of directors of the Company.

 

9. As used herein, (i) “Business
Combination” shall mean a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar
business combination, involving the Company and one or more businesses; (ii) “Founder Shares” shall
mean the 11,500,000 shares of the Common Stock beneficially held by the Sponsor (or 10,000,000 shares if the over-allotment option
is not exercised by the Underwriters); which is the 14,375,000 shares of the Common Stock initially acquired by the Sponsor less
2,875,000 shares of the Common Stock that the Sponsor will forfeit immediately prior to the pricing of the Public Offering so that
the Sponsor’s remaining shares prior to the Public Offering represent 20.0% for an aggregate purchase price of $25,000, or
approximately $0.0025 per share, prior to the consummation of the Public Offering; (iii) “Private Placement Shares “
shall mean the up to 10,000,000 shares of the Common Stock that the Sponsor (or any of its affiliates) was granted the option to
purchase from the Company simultaneously with the consummation of the initial Business Combination; (iv) “Private
Placement Warrants “ shall mean the Warrants to purchase up to 20,000,000 shares of the Common Stock of the
Company (or 22,400,000 shares of Common Stock if the over-allotment option is exercised in full) that are acquired by the Sponsor
for an aggregate purchase price of $10,000,000 in the aggregate (or $11,200,000 if the over-allotment option is exercised in full),
or $0.50 per Warrant, in a private placement that shall occur simultaneously with the consummation of the Public Offering; (v) “Public
Stockholders” shall mean the holders of securities issued in the Public Offering; (vi) “Trust Account”
shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; and (vii) “Transfer”
shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase
or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position
or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security,
(b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise,
or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).

 

     

     

    

 

10. This Letter Agreement constitutes the
entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings,
agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject
matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other
than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

  

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

 

12. This Letter Agreement shall be governed
by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles
that would result in the application of the substantive laws of another jurisdiction. The parties hereto (i) all agree that
any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and
enforced in the courts of New York City, in the State of New York, and irrevocably submits to such jurisdiction and venue, which
jurisdiction and venue shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and venue or that such
courts represent an inconvenient forum.

 

13. Any notice, consent or request to be
given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall be sent by express
mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile transmission.

 

14. This Letter Agreement shall terminate
on the earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation of the Company; provided,
however, that this Letter Agreement shall earlier terminate in the event that the Business Combination is not consummated
and closed by 24 months from the date of the Public Offering.

 

 

[Signature Page follows]

 

     

     

    

 

 

	 	
        Sincerely,

         

 

	 	By:  	/s/ Robert C. Dinerstein
	 	 	Robert C. Dinerstein

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