Document:

Exhibit 10.7

 

STOCKHOLDER SUPPORT AGREEMENT

 

This Stockholder Support Agreement (this “Agreement”)
is made and entered into as of February 2, 2022, by and among CHW Acquisition Corporation, a Cayman Islands exempted company (which
shall domesticate as a Delaware corporation prior to the closing of the Business Combination Agreement (as defined below)) (“SPAC”),
Wag Labs, Inc., a Delaware corporation (the “Company”), and the undersigned stockholders (each, an “Existing
Securityholder” and, collectively, the “Existing Securityholders”) of the Company. The Existing
Securityholders and any person or entity who hereafter enters into a joinder to this Agreement substantially in the form of Exhibit
A hereto are referred to herein, individually, as a “Securityholder” and collectively, as the “Securityholders.”
Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Business Combination
Agreement.

 

RECITALS

 

WHEREAS, on the date hereof, SPAC, CHW Merger Sub
Inc., a Delaware corporation and a direct, wholly owned subsidiary of SPAC (“Merger Sub”), and the Company,
entered into a Business Combination Agreement (the “Business Combination Agreement”), pursuant to which Merger
Sub will merge with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of SPAC (the “Business
Combination”);

 

WHEREAS, pursuant to the Business Combination Agreement,
immediately prior to the Acquisition Merger Effective Time, each share of Company Preferred Stock that is issued and outstanding immediately
prior to the Acquisition Merger Effective Time shall automatically convert into a number of shares of Company Common Stock at the then-effective
conversion rate as calculated pursuant to the Company’s Certificate of Incorporation;

 

WHEREAS, in connection with the Business Combination,
each of the following agreements will be terminated by the parties thereto: (i) that certain Fifth Amended and Restated Investors’
Rights Agreement, dated December 16, 2019, by and among the Company and the parties named therein (the “Investors’
Rights Agreement”); (ii) that certain Fourth Amended and Restated Voting Agreement, dated as of December 16, 2019,
by and among the Company and the parties named therein, as amended (the “Company Voting Agreement”); and (iii) that
certain Fifth Amended and Restated Right of First Refusal and Co-Sale Agreement, dated December 16, 2019, by and among the Company
and the parties named therein (the “Right of First Refusal and Co-Sale Agreement” and, together with the Investors’
Rights Agreement and the Company Voting Agreement, the “Financing Agreements”);

 

WHEREAS, each Securityholder agrees to enter into
this Agreement with respect to all Company Securities (as defined below) that such Securityholder now or hereafter owns, beneficially
(as defined in Rule 13d-3 under the Exchange Act) or of record;

 

WHEREAS, each Securityholder is the beneficial
and/or record owner of, and has the sole right to vote or direct the voting of, such number Company Securities as are set forth on Schedule A
attached hereto opposite the name of such Securityholder;

 

    	 		 

     

    

 

WHEREAS, each of SPAC, the Company and each Securityholder
has determined that it is in its best interests to enter into this Agreement;

 

WHEREAS, each Securityholder understands and acknowledges
that each of SPAC and the Company is entering into the Business Combination Agreement in reliance upon such Securityholder’s execution
and delivery of this Agreement; and

 

WHEREAS, following the date hereof, SPAC intends
to file with the SEC a registration statement on Form S-4 in connection with the matters set forth in Section 7.02(a) of the Business
Combination Agreement (the “Registration Statement”).

 

NOW, THEREFORE, in consideration of the foregoing
and the respective representations, warranties, covenants and agreements set forth below and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, do hereby agree as follows:

 

1.              
Definitions. When used in this Agreement, the following terms in all of their tenses, cases and correlative forms shall
have the meanings assigned to them in this Section 1 or elsewhere in this Agreement.

 

“Affiliate” of a specified
person means a Person who, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control
with, such specified Person (provided that if a Securityholder is a venture capital, private equity or angel fund, no portfolio
company of such Securityholder will be deemed an Affiliate of such Securityholder; provided further that neither the Company nor
any Company Subsidiary will be deemed an Affiliate of any Securityholder).

 

“Company Securities”
means, collectively, any Company Stock, Company Options, Company RSU Awards, Company Warrants, any securities convertible into or exchangeable
for any of the foregoing, and any interest in or right to acquire any of the foregoing, whether now owned or hereafter acquired by any
Securityholder hereto.

 

“Expiration Time”
means the earlier to occur of (a) the Acquisition Merger Effective Time, (b) such date as the Business Combination Agreement
shall be validly terminated and (c) the effective date of a written agreement of the parties hereto terminating this Agreement.

 

“Person” means an
individual, corporation, partnership, limited partnership, limited liability company, syndicate, person (including a “person”
as defined in Section 13(d)(3) of the Exchange Act), trust, association or entity or government, political subdivision, agency or
instrumentality of a government.

 

“Transfer” means,
with respect to any security, any direct or indirect sale, assignment, tender, exchange, pledge, hypothecation, disposition, loan, or
the grant, creation or suffrage of a lien, security interest or encumbrance in or upon, or the gift, grant, or placement in trust or other
transfer of such security (including by operation of law), or any right, title, or interest therein (including any right or power to vote
to which the holder thereof may be entitled, whether such right or power is granted by proxy or otherwise), or the record or beneficial
ownership thereof, or entry into any agreement, arrangement, or understanding, whether or not in writing, to effect any of the foregoing,
excluding (a) entry into this Agreement and the Business Combination Agreement and the consummation of the transactions contemplated
hereby and thereby and (b) the exercise of any Company Options or Company Warrants in accordance with their terms.

 

    	 	2	 

     

    

 

2.              
Agreement to Retain the Company Securities.

 

2.1           
No Transfer of Company Securities. Until the Expiration Time, each Securityholder agrees not to, other than as expressly
required by the Business Combination Agreement (including pursuant to the Conversion) (a) Transfer any Company Securities, (b) deposit
any Company Securities into a voting trust or enter into a voting agreement or any similar agreement, arrangement or understanding with
respect to Company Securities or grant any proxy (except as otherwise provided herein), consent or power of attorney with respect thereto
(other than pursuant to this Agreement) (it being understood that the fact that certain Company Securities already may be subject to the
Company Voting Agreement shall not be deemed a violation of this Section 2.1 or Section 3.1 below), (c) enter
into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any
Company Securities held by such Securityholder, (d) establish or increase a put position or liquidate or decrease a call or equivalent
position with respect to any Company Securities held by such Securityholder, or (e) publicly announce any intention to effect any
transaction specified in clauses (a), (b), (c) or (d); provided, that any Securityholder may Transfer any such Company Securities
to any Affiliate of such Securityholder, or as a distribution to any Securityholder’s limited partners, members or stockholders,
or if such Securityholder is a natural person, to immediate family or a trust for the benefit of immediate family for estate planning
purposes, if, and only if, the transferee of such Company Securities evidences in a writing reasonably satisfactory to each of SPAC and
the Company such transferee’s agreement to be bound by and subject to the terms and provisions hereof to the same effect as such
Securityholder.

 

2.2           
Additional Company Securities. Until the Expiration Time, each Securityholder agrees that any Company Securities that such
Securityholder purchases or otherwise hereinafter acquires (including as a result of the exercise of any Company Option) or with respect
to which such Securityholder otherwise acquires sole or shared voting power after the execution of this Agreement and prior to the Expiration
Time shall be subject to the terms and conditions of this Agreement to the same extent as if they were owned by such Securityholder as
of the date hereof.

 

2.3           
Unpermitted Transfers. Any Transfer or attempted Transfer of any Company Securities in violation of this Section 2
shall, to the fullest extent permitted by applicable Law, be null and void ab initio.

 

3.              
Agreement to Consent and Approve.

 

3.1           
Hereafter until the Expiration Time, each Securityholder agrees that, except as otherwise agreed in writing with each of SPAC and
the Company:

 

    	 	3	 

     

    

 

(a)            
within forty-eight (48) hours of the Registration Statement being declared effective by the SEC, such Securityholder shall execute
and deliver a written consent, substantially in the form attached as Exhibit E to the Business Combination Agreement (the “Stockholder
Written Consent”), which consent shall approve the Business Combination Agreement and the Transactions (including the Merger
Steps). Following such execution and delivery, each Securityholder hereby agrees that it will not revoke, withdraw or repudiate the Stockholder
Written Consent. The Stockholder Written Consent shall be coupled with an interest and, prior to the Expiration Time, shall be irrevocable;

 

(b)            
to exercise, comply with and fully perform all of its obligations set forth in Section 4 of the Company Voting Agreement related
to drag-along rights (it being understood that for the purposes of this Section 3.1(b), the Business Combination shall be deemed
to be a “Sale of the Company”); and

 

(c)            
at the Acquisition Closing, certain of such Securityholders shall execute and deliver an Amended and Restated Registration Rights
Agreement, substantially in the form attached as Exhibit D to the Business Combination Agreement;

 

Hereafter until the Expiration Time, and subject
to Section 2 hereof, no Securityholder shall enter into any tender or voting agreement, or any similar agreement, arrangement
or understanding, or grant a proxy or power of attorney, with respect to the Company Securities that is inconsistent with this Agreement
or otherwise take any other action with respect to the Company Securities that would prevent, materially restrict, materially limit or
materially interfere with the performance of such Securityholder’s obligations hereunder or the consummation of the transactions
contemplated hereby.

 

3.2           
Hereafter until the Expiration Time, at any meeting of the stockholders of the Company, or at any postponement or adjournment thereof,
called to seek the affirmative vote, consent or approval of the holders of the outstanding shares of Company Stock, and on every action
or approval by written consent of the stockholders of the Company, each Securityholder shall (a) vote (or cause to be voted) all
shares of Company Stock currently or hereinafter owned by such Securityholder (i) in favor of the adoption of the Business Combination
Agreement and the approval of the Transactions (including the Merger Steps), (ii) against any merger agreement or merger, consolidation,
combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by the Company
(other than the Business Combination Agreement and the Transactions (including the Merger Steps)), (iii) against any proposal in
opposition to approval of the Business Combination Agreement or in competition with or inconsistent with the Business Combination Agreement
or the Transactions (including the Merger Steps), and (iv) against any proposal, action or agreement that is not recommended by the
Company Board and that would reasonably be expected to (A) result in a breach in any respect of any covenant, representation, warranty
or any other obligation or agreement of the Company under the Business Combination Agreement, (B) result in, or contribute to, any
of the conditions set forth in Article VIII of the Business Combination Agreement not being fulfilled, or (C) impede, frustrate,
interfere with, delay, postpone or adversely affect the Transactions (including the Merger Steps), and (b) not commit or agree to
take any action inconsistent with the foregoing.

 

    	 	4	 

     

    

 

3.3           
Hereafter until the Expiration Time, at any meeting of the stockholders of the Company or at any postponement or adjournment thereof
or in any other circumstances upon which a Securityholder’s vote, consent or other approval (including by written consent) is sought,
such Securityholder shall vote (or cause to be voted) all Company Securities (to the extent such Company Securities are then entitled
to vote thereon), currently or hereinafter owned by such Securityholder against and withhold consent with respect to any Alternative Transaction
(as defined below). No Securityholder shall commit or agree to take any action inconsistent with the foregoing that would be effective
prior to the Expiration Time.

 

4.              
Additional Agreements.

 

4.1           
Litigation. Each Securityholder agrees, absent a claim of fraud, not to commence, join in, facilitate, assist or encourage,
and agrees to take all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise,
against SPAC, Merger Sub, the Company or any of their respective successors, directors or officers (a) challenging the validity of,
or seeking to enjoin the operation of, any provision of this Agreement or the Business Combination Agreement or (b) alleging a breach
of any fiduciary duty of any Person in connection with the evaluation, negotiation or entry into this Agreement or the Business Combination
Agreement.

 

4.2           
Waiver of Appraisal and Other Rights. Each Securityholder hereby irrevocably and unconditionally waives, and agrees to cause
to be waived and to prevent the exercise of, any appraisal rights and dissenters’ rights relating to the Merger Steps that such
Securityholder may have by virtue of, or with respect to, any and all Company Securities owned (of record or beneficially) by such Securityholder
(including without limitation those rights pursuant to Section 262 of the General Corporation Law of the State of Delaware and any other
applicable appraisal or dissenters’ or similar rights). Each Securityholder hereby waives any requirement for notice with respect
to the Transactions under each Financing Agreement.

 

4.3           
Termination of Side Letter Agreements. Each Securityholder hereby agrees and consents to the termination of any Side Letter
Agreements to which such Securityholder is party, effective as of the Acquisition Merger Effective Time without any further liability
or obligation to the Company, the Company Subsidiaries or SPAC.

 

4.4           
Consent to Disclosure. Each Securityholder hereby consents to the publication and disclosure in the Registration Statement
(and, as and to the extent otherwise required by applicable securities laws or the SEC or any other securities authorities, any other
documents or communications provided by SPAC or the Company to any Governmental Authority or to securityholders of SPAC) of such Securityholder’s
identity and beneficial ownership of Company Securities and the nature of such Securityholder’s commitments, arrangements and understandings
under and relating to this Agreement and, if deemed appropriate by SPAC or the Company, a copy of this Agreement; provided
that prior to disclosure of any such information with respect to a Securityholder, SPAC or the Company, as applicable, shall (to the extent
practicable) provide such Securityholder with a reasonable opportunity to review and comment upon the disclosure of the information relating
to such Securityholder in advance. Each Securityholder will promptly provide any information reasonably requested by SPAC or the
Company for any regulatory application or filing made or approval sought in connection with the Transactions (including filings with the
SEC), except for any information that is subject to attorney-client privilege (provided, that to
the extent reasonably possible, the parties shall cooperate in good faith to permit disclosure of such information
in a manner that preserves such privilege).

 

    	 	5	 

     

    

 

4.5           
Confidentiality. Until the Expiration Time, each Securityholder will and will cause its controlled Affiliates to keep confidential
and not disclose any non-public information relating to SPAC or the Company or any of their respective subsidiaries, including the existence
or terms of, or transactions contemplated by, this Agreement, the Business Combination Agreement or the other Transaction Documents, except
to the extent that such information (i) was, is or becomes generally available to the public after the date hereof other than as
a result of a disclosure by such Securityholder in breach of this Section 4.5, (ii) is, was or becomes available to such
Securityholder on a non-confidential basis from a source other than SPAC or the Company; provided that, to the knowledge of such
Securityholder, such information is not subject to a legal, fiduciary or contractual obligation of confidentiality or secrecy to SPAC
or the Company, or (iii) is or was independently developed by such Securityholder after the date hereof without use of, or reference
to any non-public information of SPAC or the Company. Notwithstanding the foregoing, such information may be disclosed to the extent required
to be disclosed in a judicial or administrative proceeding, or otherwise required to be disclosed by applicable Law (including complying
with any oral or written questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar
process to which such disclosing party is subject), provided that such Securityholder gives SPAC or the Company, as applicable,
prompt notice of such request(s) or requirement(s), to the extent practicable (and not prohibited by Law), so that SPAC or the Company
may seek, at its expense, an appropriate protective order or similar relief (and such Securityholder shall reasonably cooperate with such
efforts).

 

5.              
Representations and Warranties of the Securityholders. Each Securityholder hereby represents and warrants, severally and
not jointly, to SPAC and the Company as follows:

 

5.1           
Due Authority. Such Securityholder has the full power and authority to execute and deliver this Agreement and perform its
obligations hereunder. If such Securityholder is an individual, the signature to this agreement is genuine and such Securityholder has
legal competence and capacity to execute the same. This Agreement has been duly and validly executed and delivered by such Securityholder
and, assuming due execution and delivery by the other parties hereto, constitutes a legal, valid and binding obligation of such Securityholder,
enforceable against such Securityholder in accordance with its terms, except as limited by applicable Remedies Exceptions.

 

5.2           
Ownership of the Company Securities. As of the date hereof, such Securityholder is the beneficial or record owner of the
Company Securities set forth opposite such Securityholder’s name on Schedule A and has good and marketable title to
such Company Securities, free and clear of any and all Liens, options, rights of first refusal and limitations on such Securityholder’s
voting rights, other than transfer restrictions under applicable securities laws or the certificate of incorporation or bylaws or any
equivalent organizational documents of the Company, as applicable, and restrictions set forth in the Financing Agreements. Such Securityholder
has sole voting power (including the right to control such vote as contemplated herein), power of disposition and power to issue instructions
with respect to all Company Securities currently owned by such Securityholder, and the power to agree to all of the matters applicable
to such Securityholder set forth in this Agreement. As of the date hereof, such Securityholder does not own any Company Securities other
than the Company Securities set forth opposite such Securityholder’s name on Schedule A. As of the date hereof, such
Securityholder does not own any rights to purchase or acquire any Company Securities, except for the Company Warrants, Company RSU Awards,
and Company Options set forth opposite such Securityholder’s name on Schedule A.

 

    	 	6	 

     

    

 

5.3           
No Conflict; Consents.

 

(a)            
The execution and delivery of this Agreement by such Securityholder does not, and the performance by such Securityholder of the
obligations under this Agreement and the compliance by such Securityholder with any provisions hereof do not and will not: (i) conflict
with or violate any Law applicable to such Securityholder, (ii) if such Securityholder is an entity, conflict with or violate the
certificate of incorporation or bylaws or any equivalent organizational documents of the Company or such Securityholder, or (iii) result
in any breach of, or constitute a default (or an event, which with notice or lapse of time or both, would become a material default) under,
or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a Lien on any of
the Company Securities owned by such Securityholder pursuant to any note, bond, mortgage, indenture, contract, agreement, lease, license,
permit, franchise or other instrument or obligation to which such Securityholder is a party or by which such Securityholder is bound,
except, in the case of clauses (i) and (iii), as would not reasonably be expected, individually or in the aggregate,
to materially impair the ability of such Securityholder to perform its obligations hereunder or to consummate the transactions contemplated
hereby.

 

(b)            
The execution and delivery of this Agreement by such Securityholder does not, and the performance of this Agreement by such Securityholder
will not, require any consent, approval, authorization or permit of, or filing or notification to, or expiration of any waiting period
by any Governmental Authority or any other Person with respect to such Securityholder, other than those set forth as conditions to closing
in the Business Combination Agreement.

 

5.4           
Absence of Litigation. As of the date hereof, there is no Action pending against, or, to the knowledge of such Securityholder
after reasonable inquiry, threatened against such Securityholder that would reasonably be expected to materially impair the ability of
such Securityholder to perform its obligations hereunder or to consummate the transactions contemplated hereby.

 

5.5           
Absence of Other Voting Agreement. Such Securityholder has not: (i) entered into any voting agreement, voting trust
or any similar agreement, arrangement or understanding, with respect to any Company Securities owned by such Securityholder (other than
as contemplated by this Agreement and the Company Voting Agreement), (ii) granted any proxy, consent or power of attorney with respect
to any Company Securities owned by such Securityholder (other than as contemplated by this Agreement and the Company Voting Agreement)
or (iii) entered into any agreement, arrangement or understanding that would prohibit or prevent it from satisfying or would materially
interfere with, or is otherwise materially inconsistent with, its obligations pursuant to this Agreement.

 

    	 	7	 

     

    

 

5.6           
Adequate Information. Such Securityholder is a sophisticated stockholder and has adequate information concerning the business
and financial condition of SPAC and the Company to make an informed decision regarding this Agreement and the Transactions and has independently
and without reliance upon SPAC or the Company and based on such information as such Securityholder has deemed appropriate, made its own
analysis and decision to enter into this Agreement. Such Securityholder acknowledges that SPAC and the Company have not made and do not
make any representation or warranty, whether express or implied, of any kind or character except as expressly set forth in this Agreement.
Such Securityholder acknowledges that the agreements contained herein with respect to the Company Securities held by such Securityholder
are irrevocable.

 

6.              
Fiduciary Duties. The covenants and agreements set forth herein shall not prevent any designee of any Securityholder from
serving on the board of directors of the Company or from taking any action, subject to the provisions of the Business Combination Agreement,
while acting in such designee’s capacity as a director of the Company. Each Securityholder is entering into this Agreement solely
in its capacity as the owner of such Securityholder’s Company Securities.

 

7.              
Termination. This Agreement shall terminate and be of no further force or effect at the Expiration Time. Notwithstanding
the foregoing sentence, this Section 7 and Section 10 shall survive any termination of this Agreement. Upon termination
of this Agreement, none of the parties hereto shall have any further obligations or liabilities under this Agreement; provided,
that nothing in this Section 7 shall relieve any party hereto of liability for any willful material breach of this Agreement
prior to its termination.

 

8.              
No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in SPAC any direct or indirect ownership
or incidence of ownership of or with respect to any Securityholder’s Company Securities. All rights, ownership and economic benefits
of and relating to each Securityholder’s Company Securities shall remain fully vested in and belong to such Securityholder, and
SPAC shall have no authority to direct any Securityholder in the voting or disposition of any of Company Securities except as otherwise
provided herein.

 

    	 	8	 

     

    

 

9.              
Exclusivity.

 

9.1           
From the date of this Agreement and ending on the earlier of the Acquisition Closing and the valid termination of the Business
Combination Agreement, no Securityholder shall, and each Securityholder shall cause its Representatives acting on its behalf not to, directly
or indirectly, (1) enter into, solicit, initiate, knowingly facilitate, knowingly encourage or continue any discussions or negotiations
with, or knowingly encourage any inquiries or proposals by, or participate in any negotiations with, or provide any information to, or
otherwise cooperate in any way with, any person or other entity or “group” within the meaning of Section 13(d) of the
Exchange Act, concerning any (x) sale of 15% or more of the consolidated assets of the Company and the Company Subsidiaries, taken
as a whole, (y) sale of 15% or more of the outstanding capital stock of the Company or one or more Company Subsidiaries holding assets
constituting, individually or in the aggregate, 15% or more of the consolidated assets of the Company and the Company Subsidiaries, taken
as a whole, or (z) merger, consolidation, liquidation, dissolution or similar transaction involving the Company or one or more of
the Company Subsidiaries holding assets constituting, individually or in the aggregate, 15% or more of the consolidated assets of the
Company and the Company Subsidiaries, taken as a whole, in each case, other than with SPAC and its Representatives (an “Alternative
Transaction”), (2) amend or grant any waiver or release under any standstill or similar agreement to which such Securityholder
is a party with respect to any class of equity securities of the Company or any of the Company Subsidiaries in connection with any proposal
or offer that could reasonably be expected to lead to an Alternative Transaction, (3) approve, endorse or recommend, or propose publicly
to approve, endorse or recommend, any Alternative Transaction, (4) approve, endorse, recommend, execute or enter into any agreement
in principle, confidentiality agreement, letter of intent, memorandum of understanding, term sheet, acquisition agreement, merger agreement,
option agreement, joint venture agreement, partnership agreement or other written arrangement relating to any Alternative Transaction
or any proposal or offer that could reasonably be expected to lead to an Alternative Transaction, (5) commence, continue or renew
any due diligence investigation regarding any Alternative Transaction, or (6) resolve or agree to do any of the foregoing or otherwise
authorize or permit any of its Representatives acting on its behalf to take any such action. Each Securityholder shall, and shall cause
its Representatives to, immediately cease any and all existing discussions or negotiations with any person conducted heretofore with respect
to any Alternative Transaction.

 

9.2           
From the date of this Agreement and ending on the earlier of the Acquisition Closing and the valid termination of the Business
Combination Agreement, each Securityholder shall notify the Company and SPAC promptly in writing after receipt by such Securityholder
or any of its Representatives of any inquiry or proposal with respect to an Alternative Transaction, any inquiry that would reasonably
be expected to lead to an Alternative Transaction or any request for non-public information relating to the Company or any of the Company
Subsidiaries or for access to the business, properties, assets, personnel, books or records of the Company or any of the Company Subsidiaries
by any third party, in each case that is related to or that would reasonably be expected to lead to an Alternative Transaction. In such
notice, such Securityholder shall identify the third party making any such inquiry, proposal, indication or request with respect to an
Alternative Transaction and provide the details of the material terms and conditions of any such inquiry, proposal, indication or request.

 

10.           
Miscellaneous.

 

10.1        
Severability. In the event that any term, provision, covenant or restriction of this Agreement, or the application thereof,
is held to be illegal, invalid or unenforceable under any present or future Law: (a) such provision will be fully severable; (b) this
Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof; (c) the
remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable
provision or by its severance herefrom; and (d) in lieu of such illegal, invalid or unenforceable provision, there will be added
automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms of such illegal, invalid or unenforceable
provision as may be possible.

 

    	 	9	 

     

    

 

10.2        
Non-survival of Representations and Warranties. None of the representations, warranties, covenants or agreements in this
Agreement or in any schedule, instrument or other document delivered pursuant to this Agreement shall survive the Expiration Time. Notwithstanding
the foregoing, this Section 10.2 shall not limit any covenant or agreement contained in this Agreement that by its terms is
to be performed in whole or in part after the Acquisition Merger Effective Time or the termination of this Agreement.

 

10.3        
Assignment. No party hereto may assign, directly or indirectly, including by operation of Law, either this Agreement or
any of its rights, interests or obligations hereunder without the prior written approval of the other parties hereto, except with respect
to a Transfer completed in accordance with Section 2.1. Subject to the first sentence of this Section 10.3, this
Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns.
Any assignment in violation of this Section 10.3 shall be void.

 

10.4        
Amendments and Modifications. This Agreement may be amended by the parties hereto at any time by execution of an instrument
in writing signed on behalf of each of the parties hereto.

 

10.5        
Specific Performance. The parties hereto 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 the Court of Chancery
of the State of Delaware, County of Newcastle, or, if that court does not have jurisdiction, any court of the United States located in
the State of Delaware without proof of actual damages or otherwise, in addition to any other remedy to which they are entitled at Law
or in equity as expressly permitted in this Agreement.

 

10.6        
Notices. All notices, consents and other communications hereunder shall be in writing and shall be deemed given if delivered
personally or by a nationally recognized courier service guaranteeing overnight delivery, or sent via email to the parties hereto at the
following addresses, and such communications, to be valid, must be addressed as follows:

 

		(i)	if to SPAC, to:

 

CHW Acquisition Corporation

2 Manhattanville Road, Suite 403

Purchase, NY 10577

Attention: Jonah Raskas

Email:          jonah@chwacquisition.com

 

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

 

McDermott Will & Emery LLP

One Vanderbilt Avenue

New York, NY 10017

Attention: Ari Edelman

   Harold Davidson

Email:         aedelman@mwe.com

hdavidson@mwe.com

 

    	 	10	 

     

    

 

		(ii)	if to the Company, to:

 

Wag Labs, Inc.

55 Francisco Street, Suite 360

San Francisco, CA 94133

Attention: Nicholas Yu

Email:       nicholas.yu@wagwalking.com

 

 

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

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York NY 10006

Attention: James E. Langston

   Adam Brenneman

   Charles W. Allen

Email:         jlangston@cgsh.com

   abrenneman@cgsh.com

   callen@cgsh.com

 

 

		(iii)	if to a Securityholder, to the address for notice set forth opposite such Securityholder’s name on Schedule A hereto,

 

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

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York NY 10006

Attention: James E. Langston

   Adam Brenneman

   Charles W. Allen

Email:         jlangston@cgsh.com

   abrenneman@cgsh.com

   callen@cgsh.com

 

Unless otherwise specified herein, such notices or other communications
will be deemed given (a) on the date established by the sender as having been delivered personally; (b) one Business Day after
being sent by a nationally recognized overnight courier guaranteeing overnight delivery; (c) upon transmission, if sent by email
(provided no “bounceback” or notice of non-delivery is received); or (d) on the fifth Business Day after the date
mailed, by certified or registered mail, return receipt requested, postage prepaid.

 

    	 	11	 

     

    

 

10.7        
Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware
applicable to contracts executed in and to be performed in that State. All legal actions and proceedings arising out of or relating to
this Agreement shall be heard and determined exclusively in any Delaware Court of Chancery; provided, that if jurisdiction is not
then available in the Delaware Court of Chancery, then any such legal Action may be brought in any federal court located in the State
of Delaware or any other Delaware state court. The parties hereto hereby (a) irrevocably submit to the exclusive jurisdiction of
the aforesaid courts for themselves and with respect to their respective properties for the purpose of any Action arising out of or relating
to this Agreement brought by any party hereto, and (b) agree not to commence any Action relating thereto except in the courts described
above in Delaware, other than Actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any
such court in Delaware as described herein. Each of the parties further agrees that notice as provided herein shall constitute sufficient
service of process and the parties further waive any argument that such service is insufficient. Each of the parties hereby irrevocably
and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any Action arising
out of or relating to this Agreement or the transactions contemplated hereby, (a) any claim that it is not personally subject to
the jurisdiction of the courts in Delaware as described herein for any reason, (b) that it or its property is exempt or immune from
jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior
to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c) that (i) the Action in
any such court is brought in an inconvenient forum, (ii) the venue of such Action is improper or (iii) this Agreement, or the
subject matter hereof, may not be enforced in or by such courts.

 

10.8        
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY
OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE
THAT FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHERS HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED HEREBY, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.8.

 

10.9        
Entire Agreement; Third-Party Beneficiaries. This Agreement constitutes the entire agreement among the parties hereto with
respect to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, among the parties
hereto with respect to the subject matter hereof, and is not intended to confer upon any other Person other than the parties hereto any
rights or remedies.

 

10.10    
Counterparts. This Agreement and each other document executed in connection with the transactions contemplated hereby, and
the consummation thereof, may be executed in one or more counterparts, all of which shall be considered one and the same document and
shall become effective when one or more counterparts have been signed by each of the parties hereto and delivered to the other parties
hereto, it being understood that all parties hereto need not sign the same counterpart. Delivery by electronic transmission to counsel
for the other party of a counterpart executed by a party shall be deemed to meet the requirements of the previous sentence.

 

    	 	12	 

     

    

 

10.11    
Effect of Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any
way the meaning or interpretation of this Agreement.

 

10.12    
Legal Representation. Each of the parties hereto agrees that it has been represented by independent counsel of its choice
during the negotiation and execution of this Agreement and each party hereto and its counsel cooperated in the drafting and preparation
of this Agreement and the documents referred to herein and, therefore, waive the application of any Law, regulation, holding or rule of
construction providing that ambiguities in an agreement or other document will be construed against the party hereto drafting such agreement
or document. Each Securityholder acknowledges that Cleary Gottlieb Steen & Hamilton LLP is acting as counsel to the Company in connection
with the Business Combination Agreement and the Transactions, and that such firm is not acting as counsel to any Securityholder.

 

10.13    
Expenses. Except as otherwise set forth in this Agreement, all fees and expenses incurred in connection with this Agreement
and the transactions contemplated hereby shall be paid by the party hereto incurring such expenses.

 

10.14    
Further Assurances. At the reasonable request of SPAC or the Company, in the case of any Securityholder, or at the reasonable
request of the Securityholders, in the case of SPAC or the Company, and without further consideration, each party shall execute and deliver
or cause to be executed and delivered such additional documents and instruments and take such further action as may be reasonably necessary
to consummate the transactions contemplated by this Agreement; provided, that for the avoidance of doubt, any restrictive covenant agreements,
non-interference, release or other similar instruments (or instruments containing any such similar obligations) shall be entered into
only at the applicable Securityholder’s sole discretion.

 

10.15    
Waiver. No failure or delay on the part of either party to exercise any power, right, privilege or remedy under this Agreement
shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege
or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. Neither party shall
be deemed to have waived any claim available to such party arising out of this Agreement, or any power, right, privilege or remedy under
this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly
executed and delivered on behalf of such waiving party; and any such waiver shall not be applicable or have any effect except in the specific
instance in which it is given.

 

10.16    
Several Liability. The liability of any Securityholder hereunder is several (and not joint). Notwithstanding any other provision
of this Agreement, in no event will any Securityholder be liable for any other Securityholder’s breach of such other Securityholder’s
representations, warranties, covenants, or agreements contained in this Agreement, other than such Securityholder’s Affiliates or
any person to whom such Securityholder Transfers any Company Securities in accordance with Section 2.

 

    	 	13	 

     

    

 

10.17    
No Recourse. Notwithstanding anything to the contrary contained herein or otherwise, but without limiting any provision
in the Business Combination Agreement, this Agreement may only be enforced against, and any claims or causes of action that may be based
upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement or the transactions contemplated
hereby, may only be made against the entities and Persons that are expressly identified as parties to this Agreement in their capacities
as such and no former, current or future stockholders, equity holders, controlling persons, directors, officers, employees, general or
limited partners, members, managers, agents or affiliates of any party hereto, or any former, current or future direct or indirect stockholder,
equity holder, controlling person, director, officer, employee, general or limited partner, member, manager, agent or affiliate of any
of the foregoing (each, a “Non-Recourse Party”) shall have any liability for any obligations or liabilities
of the parties to this Agreement or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, the
transactions contemplated hereby or in respect of any oral representations made or alleged to be made in connection herewith. Without
limiting the rights of any party against the other parties hereto, in no event shall any party or any of its Affiliates seek to enforce
this Agreement against, make any claims for breach of this Agreement against, or seek to recover monetary damages from, any Non-Recourse
Party.

 

10.18    
Claims Against Trust Account. The provisions set forth in Section 6.04 of the Business Combination Agreement, as in effect
as of the date hereof, are hereby incorporated by reference into, and shall be deemed to apply to, this Agreement, mutatis mutandis.

 

[Signature pages follow.]

 

    	 	14	 

     

    

 

In witness whereof, the parties hereto have
caused this Agreement to be executed as of the date first set forth above.

 

	 	CHW ACQUISITION CORPORATION	 
	 	 	 	 
	 	By:	/s/ Mark Grundman	 
	 	Name:	Mark Grundman	 
	 	Title:	Co-Chief Executive Officer	 

 

    Signature Page to

Stockholder Support Agreement

     

    

 

In witness whereof, the parties hereto have caused
this Agreement to be executed as of the date first set forth above.

 

	 	WAG LABS, INC.	 
	 	 	 	 
	 	By:	/s/ Garrett Smallwood	 
	 	Name:	Garrett Smallwood	 
	 	Title:	Chief Executive Officer	 

 

    Signature Page to

Stockholder Support Agreement

     

    

 

In witness whereof, the parties hereto have caused
this Agreement to be executed as of the date first set forth above.

 

	 	SECURITYHOLDERS:
	 	 	 
	 	 	 
	 	BATTERY VENTURES XI-A, L.P.
	 	By:	Battery Partners XI, LLC
	 	 	General Partner
	 	 	 
	 	By:	/s/ Roger Lee
	 	Name:	Roger Lee
	 	Title:	General Partner
	 	 	 
	 	 	 
	 	BATTERY VENTURES XI-B, L.P.
	 	By:	Battery Partners XI, LLC
	 	 	General Partner
	 	 	 
	 	By:	/s/ Roger Lee
	 	Name:	Roger Lee
	 	Title:	General Partner
	 	 	 
	 	 	 
	 	BATTERY VENTURES XI-A SIDE FUND, L.P.
	 	By:	Battery Partners XI Side Fund, LLC
	 	 	General Partner
	 	 	 
	 	By:	/s/ Roger Lee
	 	Name:	Roger Lee
	 	Title:	General Partner
	 	 	 
	 	 	 
	 	BATTERY VENTURES XI-B SIDE FUND, L.P.
	 	By:	Battery Partners XI Side Fund, LLC
	 	 	General Partner
	 	 	 
	 	By:	/s/ Roger Lee
	 	Name:	Roger Lee
	 	Title:	General Partner

 

    Signature Page to
 Stockholder Support Agreement

     

    

 

	 	BATTERY INVESTMENT PARTNERS XI, LLC
	 	By:	Battery Partners XI, LLC
	 	 	Managing Member
	 	 	 
	 	By:	/s/ Roger Lee
	 	Name:	Roger Lee
	 	Title:	General Partner
	 	 	 
	 	 	 
	 	GARRETT SMALLWOOD
	 	 	 
	 	By:	/s/ Garrett Smallwood
	 	Name:	Garrett Smallwood
	 	Title:	Chief Executive Officer
	 	 	 
	 	ADAM STORM
	 	 	 
	 	By:	/s/ Adam Storm
	 	Name:	Adam Storm
	 	Title:	President& Chief Product Officer
	 	 	 
	 	ALEC DAVIDIAN
	 	 	 
	 	By:	/s/ Alec Davidian
	 	Name:	Alec Davidian
	 	Title:	Chief Financial Officer
	 	 	 
	 	DYLAN ALLREAD
	 	 	 
	 	By:	/s/ Dylan Allread
	 	Name:	Dylan Allread
	 	Title:	Chief Operating Officer
	 	 	 
	 	MAZIER ARJOMAND
	 	 	 
	 	By:	/s/ Mazier Arjomand
	 	Name:	Mazier Arjomand
	 	Title:	Chief Technology Officer
	 	 	 
	 	NICHOLAS YU
	 	 	 
	 	By:	/s/ Nicholas Yu
	 	Name:	Nicholas Yu
	 	Title:	Director of Legal

 

    Signature Page to
 Stockholder Support Agreement

     

    

 

	 	PATRICK MCCARTHY
	 	 	 
	 	By:	/s/ Patrick McCarthy
	 	Name:	Patrick McCarthy
	 	Title:	Chief Marketing Officer
	 	 	 
	 	DAVID CANE
	 	 	 
	 	By:	/s/ David Cane
	 	Name:	David Cane
	 	Title:	Chief Customer Officer
	 	 	 
	 	JOCELYN MANGAN
	 	 	 
	 	By:	/s/ Jocelyn Mangan
	 	Name:	Jocelyn Mangan
	 	Title:	Board Member
	 	 	 
	 	MELINDA CHELLIAH
	 	 	 
	 	By:	/s/ Melinda Chelliah
	 	Name:	Melinda Chelliah
	 	Title:	Board Member
	 	 	 
	 	TENAYA CAPITAL VII, LP
	 	By:	Teneya Capital VII GP, LLC
	 	 	its General Partner
	 	 	 
	 	By:	/s/ Dorian Merritt
	 	Name:	Dorian Merritt
	 	Title:	Attorney-in-Fact
	 	 	 
	 	SHERPAVENTURES FUND II, LP
	 	By:	Sherpa Ventures Fund II GP, LLC
	 	 	 
	 	By:	/s/ Brian Yee
	 	Name:	Brian Yee
	 	Title:	Partner

 

    Signature Page to
 Stockholder Support Agreement

     

    

 

	 	GENERAL CATALYST GROUP VII, L.P.
	 	By:	General Catalyst Partners VII, L.P.
	 	 	its General Partner
	 	 	 
	 	BY:	General Catalyst GP VII, LLC
	 	 	its General Partner
	 	 	 
	 	By:	/s/ Christopher McCain
	 	Name:	Christopher McCain
	 	Title:	Chief Legal Officer

 

    Signature Page to

Stockholder Support Agreement

     

    

 

Exhibit
A

 

FORM OF JOINDER

 

Reference is hereby made to that certain Stockholder
Support Agreement, dated as of February 2, 2022, by and among (i) CHW Acquisition Corporation, a Cayman Islands exempted company (“SPAC”),
(ii) Wag Labs, Inc., a Delaware corporation, and (iii) the Securityholders (as defined therein) (as amended from time to time, the “Stockholder
Support Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms
in the Stockholder Support Agreement.

 

The undersigned agrees that this joinder to the
Stockholder Support Agreement is being executed and delivered in favor of, and to, SPAC for good and valuable consideration.

 

The undersigned hereby agrees to and does become
party to the Stockholder Support Agreement as a Securityholder. This joinder shall serve as a counterpart signature page to the Stockholder
Support Agreement and by executing below, the undersigned is deemed to have executed the Stockholder Support Agreement with the same force
and effect as if originally named a party thereto.

 

[Remainder of Page Intentionally Left Blank.]

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned has duly executed
this joinder to the Stockholder Support Agreement.

 

	 	[NEW SECURITYHOLDER PARTY]	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	Date:Exhibit 10.8

 

 

 

February 2, 2022

 

CHW Acquisition Corporation

2 Manhattanville Road, Suite 403

Purchase, NY 10577

Attn: Jonah Raskas and Mark Grundman

 

Commitment Letter

$30.0 Million Senior Secured Credit Facility

 

Ladies and Gentlemen:

 

You have advised Blue Torch
Capital LP (“Blue Torch”, the “Initial Commitment Party”, “we”
or “us”) that CHW Acquisition Corporation, a Cayman Islands exempted company that will domesticate as a Delaware
corporation prior to the Closing Date (“Holdings” or “you”), intends to acquire all
of the outstanding equity interests of Wag Labs, Inc., a Delaware corporation (the “Target” and, together with
its direct and indirect subsidiaries, the “Acquired Business”), which acquisition will be effected through a
merger of CHW Merger Sub Inc., a Delaware corporation and wholly-owned direct subsidiary of Holdings (“Merger Sub”),
with and into the Target, with the Target surviving the merger as a wholly-owned direct subsidiary of Holdings (the “Merger”),
pursuant to that certain Business Combination Agreement, dated as of the date hereof (the “Merger Agreement”),
by and among Holdings, Merger Sub and the Target. Merger Sub shall be the initial borrower in respect of the Credit Facility (as defined
below) and, upon consummation of the Acquisition Transactions (as defined below), the Target shall be the borrower in respect of the Credit
Facility (in such capacity, the “Borrower”). Holdings and the Acquired Business are sometimes together referred
to herein as the “Companies”, and all references to “Holdings and its subsidiaries” and/or “the
Borrower and its subsidiaries” for any period from and after the consummation of the Acquisition Transactions shall include the
Acquired Business.

 

You have also advised us that
you intend to consummate the Merger, the refinancing of any existing third party debt for borrowed money of the Acquired Business (other
than Permitted Surviving Debt (defined below)) and the termination and release of all liens related thereto (the “Refinancing”),
the payment of all fees, costs and expenses related to the Acquisition Transactions (as hereinafter defined) and the ongoing working capital
and other general corporate purposes of the Borrower and its subsidiaries after consummation of the Acquisition Transactions by entering
into the following transactions:

 

		(a)	the applicable parties to the Merger Agreement will consummate the Domestication (as defined in the Merger
Agreement) as contemplated by and in accordance with the terms of the Merger Agreement (the “Domestication”),
pursuant to which Holdings shall domesticate as a Delaware corporation;

 

     

     

    

 

		(b)	certain investors previously identified to Blue Torch will purchase shares of stock issued by the Target
and/or Holdings in one or more private placements, in an aggregate amount equal to $16.0 million, as contemplated by and in accordance
with the terms of the Merger Agreement (collectively, the “Equity Transactions”);

 

		(c)	Merger Sub will enter into and obtain senior secured financing in the form of a senior secured first lien
term loan facility (the “Credit Facility”) in an aggregate principal amount of $30.0 million; and

 

		(d)	the applicable parties will cause the Merger to occur in accordance with the terms of the Merger Agreement,
and, upon the consummation of the Merger, the Target will be a wholly-owned direct subsidiary of Holdings and will become the Borrower
in respect of the Credit Facility.

 

The consummation of the Domestication,
the Equity Transactions, the Merger, the Refinancing, the entry into and funding of the Credit Facility and the payment of all fees, costs
and expenses in connection with the foregoing are hereinafter collectively referred to as the “Acquisition Transactions”.
This letter agreement and the summary of terms and conditions attached as Exhibit A hereto and incorporated herein by this reference (the
 “Term Sheet”) are referred to collectively as the “Commitment Letter”. All capitalized
terms used and not otherwise defined herein shall have the same meanings as specified therefor in the Term Sheet, and all capitalized
terms used and not otherwise defined in the Term Sheet shall have the same meanings as specified therefor herein.

 

1.       Commitments;
Titles and Roles.

 

In
connection with the Acquisition Transactions, Blue Torch is pleased to advise you of its commitment to provide the full principal amount
of the Credit Facility (in such capacity, the “Initial Lender” and, together with any other financial institution
that becomes a lender in respect of the Credit Facility, in accordance with the terms set forth in
this Commitment Letter, collectively, the “Lenders”) and its agreement to act as the sole and exclusive administrative
and collateral agent for the Credit Facility (in such capacity, the “Agent”), all upon and subject to the terms
and conditions set forth in this Commitment Letter. Our fees for our commitment and for services related to the Credit Facility are set
forth in a separate fee letter entered into by Holdings and us as of the date hereof (the “Fee Letter”).

 

Except as provided above,
no other agents, co-agents, arrangers will be appointed, no other titles will be awarded and no compensation (other than that expressly
contemplated by this Commitment Letter and the Fee Letter) will be paid by you to any Lender (as defined below) in order to obtain its
commitment to participate in the Credit Facility unless you and we shall so agree.

 

2.       Conditions Precedent;
Funds Certain Provision.

 

The Commitment Party’s
commitments to fund the Credit Facility on the Closing Date and its agreements to perform the services described herein are subject solely
to the satisfaction (or waiver by the Initial Lender) of the conditions precedent set forth on Annex I to the Term Sheet (the “Conditions
Annex”). Notwithstanding anything in this Commitment Letter, the Fee Letter, the Credit Documentation (as defined below)
or any other letter agreement or other undertaking concerning the financing of the Acquisition Transactions contemplated hereby to the
contrary,

 

(a)        the
only representations relating to the Acquired Business the accuracy of which shall be a condition to the funding of the Credit Facility
on the Closing Date, shall be (i) such representations made by or on behalf of the Acquired Business in the Merger Agreement as are material
to the interests of the Lenders, but only to the extent that you have the right to terminate your obligations under the Merger Agreement
or not consummate the transactions thereunder as a result of a breach of such representations (or a failure of such representations to
be true and correct) in the Merger Agreement, in any case, without any requirement to pay a fee and giving effect to any notice or cure
provisions (the “Specified Merger Agreement Representations”), and (ii) the Specified Representations (as defined
below), and

 

    2

     

    

 

(b)        the
terms of the Credit Documentation shall be in a form such that they do not impair the funding of the Credit Facility on the Closing Date
if the conditions set forth in this Commitment Letter are satisfied (or waived by the Initial Lender)

 

(it being understood that, to the extent any security
interest in collateral is not or cannot be provided or perfected on the Closing Date (other than (x) the perfection of a security interest
in any collateral with respect to which a lien may be perfected by the filing of financing statements under the Uniform Commercial Code
and/or intellectual property filings with the United States Patent and Trademark Office and/or United States Copyright Office, as applicable,
and (y) to the extent required by the Term Sheet, the perfection of security interests in the equity interests of the Borrower and its
subsidiaries with respect to which a lien may be provided or perfected by the delivery of a stock certificate (which, with respect to
the equity interests of any direct or indirect subsidiary of the Borrower, shall be required to be delivered on the Closing Date solely
to the extent that such certificates exist prior to the Closing Date and are in your actual possession on or prior to the Closing Date
after your use of good faith, commercially reasonable efforts to obtain the same, but otherwise (together with any certificates evidencing
the equity interests of the Borrower upon consummation of the Merger) shall be delivered no later than five (5) business days after the
Closing Date)) after your use of commercially reasonable efforts to do so and without undue burden or expense, then the provision and/or
perfection of a security interest in any such collateral shall not constitute a condition precedent to the funding of the Credit Facility
on the Closing Date, but may instead be perfected within forty-five (45) days after the Closing Date, subject to extension as may be reasonably
agreed by the Agent).

 

“Specified Representations”
means representations of the Borrower and the Guarantors in the documentation for the Credit Facility (the “Credit Documentation”)
relating to incorporation or formation and legal existence, qualification and organizational power and authority to enter into the Credit
Documentation; due execution, delivery and enforceability of the Credit Documentation; solvency of the Companies on a consolidated basis
on the Closing Date after giving effect to the Acquisition Transactions; no conflicts with or violations of charter documents as a result
of execution, delivery and performance of the Credit Documentation; use of proceeds and Federal Reserve margin regulations; the Investment
Company Act; the Patriot Act; FCPA, anti-corruption and anti-money laundering laws; OFAC and other anti-terrorism laws; beneficial ownership;
status of the Credit Facility as senior debt; and the creation, perfection and first priority status of the security interests (subject,
in the case of priority, to permitted liens) granted in Uniform Commercial Code Article 9 and other collateral (subject in all respects
to the foregoing provisions of this paragraph). Notwithstanding anything to the contrary contained herein, to the extent that any of the
Specified Representations are qualified or subject to “material adverse effect” or words of similar import, the definition
thereof shall be “Company Material Adverse Effect” as that term is defined in the Merger Agreement for purposes of any representations
and warranties made or to be made on, or as of, the Closing Date. It is understood that the commitments of the Commitment Party hereunder
are not conditioned upon the syndication of, or receipt of commitments in respect of, the Credit Facility, and in no event shall the commencement
or successful completion of syndication of the Credit Facility, or your compliance with the other terms of this Commitment Letter or Fee
Letter, constitute a condition precedent to the funding of the Credit Facility on the Closing Date. This paragraph, and the provisions
herein, shall be referred to as the “Funds Certain Provision”.

 

    3

     

    

 

3.       Information.

 

You hereby represent and warrant
that (to your knowledge with respect to information and projections relating to, created by or provided by the Acquired Business or, to
the extent not created or provided at your direction, any other third party prior to the Closing Date)

 

(a)        all
written information (other than Projections (as defined below), forecasts, budgets, pro forma information and other forward-looking information
and information of a general economic or industry specific nature) that has been or will be made available to us by you or any of your
representatives (or on your or their behalf) in connection with any aspect of the Acquisition Transactions (collectively, the “Information”),
is or will be, when furnished and taken as a whole, complete and correct in all material respects, and does not or will not, when furnished
and taken as a whole, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements contained therein not materially misleading in light of the circumstances under which such statements are made (giving effect
to all supplements and updates thereto), and

 

(b)        all
written financial projections of the Companies that have been or will be made available to us by you or any of your representatives (or
on your or their behalf) in connection with any aspect of the Acquisition Transactions (the “Projections”) have
been prepared or will be prepared in good faith based upon assumptions reasonably believed to be reasonable when made (it being understood
that Projections are as to future events and are not to be viewed as facts, the Projections are subject to significant uncertainties and
contingencies, many of which are beyond your control, that the Projections are not a guarantee of financial performance and no assurance
can be given that any particular Projections will be realized and that actual results during the period or periods covered by any such
Projections may differ significantly from the projected results and such differences may be material).

 

You understand that, in arranging the Credit Facility,
we may use and rely on the Information and Projections without independent verification thereof. You agree (and, prior to the Closing
Date, agree to use your commercially reasonable efforts to cause the Companies) to supplement the Information and Projections from time
to time until the Closing Date so that the representations and warranties in this paragraph remain true and correct in all material respects
at all times through the Closing Date, as if the Information and Projections were being furnished, and such representation and warranty
were being made, at such time or on such date, and any such supplementation provided to us prior to the Closing Date shall cure any breach
of such representations. Notwithstanding anything herein to the contrary contained in this Commitment Letter or the Fee Letter, none of
the making of any representation under this Section 3, the provision of any supplement thereto, or the accuracy of any such
representation or supplement shall constitute a condition precedent to the funding of the Credit Facility on the Closing Date.

 

You hereby agree that, prior
to the Closing Date (or, if earlier, the date on which this Commitment Letter terminates or is terminated in accordance with its terms),
there shall be no competing issues, offerings or placements of debt securities or commercial bank or other credit facilities by or on
behalf of you, and you will use commercially reasonable efforts to ensure that there are no competing issues, offerings or placements
of debt securities or commercial bank or other credit facilities by or on behalf of the Acquired Business (other than (i) indebtedness
permitted to be incurred or remain outstanding pursuant to the Merger Agreement and (ii) other indebtedness incurred in the ordinary course
of business of the Acquired Business for capital expenditures and working capital purposes (the “Permitted Surviving Debt”)),
without the consent of the Initial Lender.

 

    4

     

    

 

4.       Fee
Letter.

 

As consideration for our commitments
hereunder and undertakings to perform the services described herein, you agree to pay (or cause to be paid) the fees set forth in the
Fee Letter, if and to the extent payable in accordance with the terms thereof. The terms of the Fee Letter are an integral part of the
commitments and undertakings of the Commitment Party hereunder. Each of the fees described in the Fee Letter shall be fully earned and
nonrefundable when paid, except as expressly set forth therein.

 

5.       Confidentiality.

 

By accepting delivery of this
Commitment Letter, you agree that neither this Commitment Letter nor the Fee Letter, nor any of the terms and conditions set forth or
referred to herein or therein, shall under any circumstances be disclosed by any of the Companies or their respective agents, affiliates,
representatives or advisors, directly or indirectly, to any other financial institution that is considering providing debt financing to
you or any of the Companies. You further agree that this Commitment Letter and the Fee Letter and the contents hereof and thereof are
for your confidential use only and that neither their existence nor any of the terms thereof will be disclosed by you or any of your affiliates
to any other person or entity without our prior written consent other than (a) to your officers, directors, employees, accountants, attorneys,
consultants and other advisors, controlling persons and equityholders, and (b) as otherwise required by applicable law or compulsory legal
process or as requested by any governmental authority or regulatory agency purporting to have jurisdiction over you or any of the Companies
(in which case you agree to inform us promptly thereof prior to such disclosure unless prohibited by applicable law); provided,
however, it is understood and agreed that you may disclose

 

(i)        this
Commitment Letter (including the Term Sheet) and the Fee Letter, in each case, on a confidential basis to the Target, its equityholders
and board of directors and its and their respective officers, directors, employees, accountants, attorneys, consultants and other experts,
agents and advisors in connection with their consideration of the Acquisition Transactions,

 

(ii)        this
Commitment Letter and the Fee Letter, and the contents hereof and thereof, to the extent reasonably necessary or advisable in connection
with the exercise of any remedy or enforcement of any right under this Commitment Letter and/or the Fee Letter,

 

(iii)        after
your acceptance of this Commitment Letter and the Fee Letter, this Commitment Letter in filings with the Securities and Exchange Commission
and other applicable regulatory authorities and stock exchanges,

 

(iv)        disclose
the Term Sheet and its contents (but not the Fee Letter or the contents thereof, other than the existence thereof and the aggregate amount
of fees payable thereunder as part of projections, pro forma information and a generic disclosure of aggregate sources and uses to the
extent customary in marketing materials and other disclosures) in any information or marketing materials in connection with the Credit
Facility that are utilized in accordance with the terms of this Commitment Letter or in connection with any public or regulatory filing
requirement relating to the Acquisition Transactions and

 

(v)        if
applicable, the information contained in the Term Sheet to any ratings agency.

 

In addition, following your
acceptance of the provisions hereof and return of an executed counterpart of this Commitment Letter and the Fee Letter to us as provided
below, you may make public disclosure of the existence and amount of the Commitment Party’s commitment hereunder and Blue Torch’s
identity as administrative agent and collateral agent for the Credit Facility.

 

    5

     

    

 

All non-public information
furnished by the Companies to us shall be for the confidential use of the Commitment Party, its affiliates that are involved in the Acquisition
Transactions and any other prospective Lenders, and each of their respective officers, directors, employees, attorneys and other advisors,
in accordance with our customary procedures for handling confidential information and for disseminating such information to prospective
lenders; provided, however, that nothing herein will prevent us from disclosing any such information

 

(a)        pursuant
to the order of any court or administrative agency or in any pending legal or administrative proceeding, or otherwise as required by applicable
law or compulsory legal process (in which case such person agrees to inform you promptly thereof to the extent practical and not prohibited
by applicable law, rule or regulation (except in connection with any request as part of a regulatory examination or other regulatory audit
or investigation)),

 

(b)        upon
the request or demand of any regulatory (or self-regulatory) authority purporting to have jurisdiction over such person or any of its
affiliates (in which case such person agrees (except in connection with any request as part of a regulatory examination or other regulatory
audit or investigation) to inform you promptly thereof to the extent practical and not prohibited by applicable law, rule or regulation
or such regulatory authority),

 

(c)        to
the extent that such information is publicly available or becomes publicly available other than by reason of improper disclosure by such
person,

 

(d)        to
such person’s affiliates and their respective officers, directors, partners, members, employees, legal counsel, independent auditors
and other experts or agents who need to know such information and on a confidential basis,

 

(e)        to
potential and prospective Lenders, participants and any direct or indirect contractual counterparties to any swap or derivative transaction
relating to the Borrower or its obligations under the Credit Facility, in each case, who are advised of the confidential nature of such
information and who agree or otherwise acknowledge that such information is being disseminated on a confidential basis on substantially
the terms set forth in this paragraph or as is otherwise reasonably acceptable to you,

 

(f)        received
by such person on a non-confidential basis from a source (other than you, the Target or any of your or its affiliates, advisors, members,
directors, employees, agents or other representatives) not known by such person to be prohibited from disclosing such information to such
person by a legal, contractual or fiduciary obligation,

 

(g)        to
the extent that such information was already in the Commitment Party’s possession or is independently developed by the Commitment
Party or

 

(h)         for
purposes of establishing a “due diligence” defense or to the extent reasonably necessary or advisable in connection with the
exercise of any remedy or enforcement of any right under this Commitment Letter and/or the Fee Letter.

 

    6

     

    

 

Our obligations under this provision shall remain
in effect until the earlier of (i) two years from the date hereof and (ii) the date the Credit Documentation is entered into, at which
time any confidentiality undertaking in the Credit Documentation shall supersede this provision. In addition, with your prior consent,
we shall be permitted to place advertisements in financial and other newspapers and periodicals or on a home page or similar place for
dissemination of information on the Internet and circulate similar promotional materials after the Closing Date in the form of a “tombstone”
or otherwise describing the names of you and your affiliates (or any of them), and the amount, type and closing date of the Credit Facility.
Each party hereto shall have the right to review and approve in advance any public announcement, public filing, public materials, press
releases, advertisements and other public disclosures with respect to the Acquisition Transactions. You acknowledge and agree that we
may share certain information relating to transactions contemplated hereby with standard industry database companies in accordance with
customary industry practice and in marketing, press releases or other transactional announcements or updates provided to investor or trade
publications with your prior consent (not to be unreasonably withheld).

 

6.       Sharing
of Information; Absence of Fiduciary Relationship.

 

You agree that the Commitment
Party and its affiliates may be requested by you or the Companies or your or their respective affiliates to provide additional services
to such parties. In connection therewith, we are authorized to share information with our affiliates and such affiliates are authorized
to share information with us, in each case, subject to the same confidentiality limitations set forth in this Commitment Letter. Compensation
for any such services will be agreed upon independently of this Commitment Letter. Nothing in this Commitment Letter is intended to obligate
or commit the Commitment Party or any of its affiliates to provide any services, or any party to accept any services, other than as set
forth herein. In addition, nothing contained herein shall limit or preclude us or any of our affiliates from carrying on any business
with, providing banking or other financial services to, or from participating in any capacity, including as an equity investor, in any
party whatsoever, including, without limitation, any competitor, supplier or customer of you, the Target, the equityholders of the Target,
or any of your or their respective affiliates, or any other party that may have interests different than or adverse to such parties. You
acknowledge that the Commitment Party and its affiliates (the term “Commitment Party” as used in this paragraph
being understood to include the Commitment Party and all such affiliates)

 

(i)        may
be providing debt financing, equity capital or other services (including financial advisory services) to other entities and persons with
which you, the Target, the equityholders of the Target, or your or their respective affiliates may have conflicting interests regarding
the Acquisition Transactions and otherwise,

 

(ii)       may
act, without violation of its contractual obligations to you, as it deems appropriate with respect to such other entities or persons,
and

 

(iii)       have
no obligation in connection with the Acquisition Transactions to use, or to furnish to you, the Target, the equityholders of the Target
or your or their respective affiliates or subsidiaries, confidential information obtained from other entities or persons.

 

We may have economic interests
that conflict with your interests, those of your equityholders and/or those of your affiliates. You agree that the Commitment Party will
act under this Commitment Letter as an independent contractor and that nothing in this Commitment Letter or the Fee Letter or otherwise
will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between us and you, your equityholders
or your affiliates. In connection with all aspects of the Acquisition Transactions, you acknowledge and agree that:

 

(i)        the
Credit Facility and any related arranging or other services described in this Commitment Letter are arm’s-length commercial transactions
between you and your affiliates, on the one hand, and us, on the other hand, and you are capable of evaluating and understanding and understand
and accept the terms, risks and conditions of the Acquisition Transactions,

 

(ii)         in
connection with the process leading to the Acquisition Transactions, the Commitment Party is and has been acting solely as a principal
and not as a financial advisor, agent or fiduciary, for you or any of your affiliates, equityholders, directors, officers, employees,
creditors or any other party,

 

    7

     

    

 

(iii)        the
Commitment Party has not assumed nor will it assume an advisory, agency or fiduciary responsibility in your or your affiliates’
favor with respect to the Acquisition Transactions or the process leading thereto (irrespective of whether the Commitment Party has advised
or is currently advising you or your affiliates on other matters), and the Commitment Party has no obligation to you or your affiliates
with respect to the Acquisition Transactions except those obligations expressly set forth herein,

 

(iv)        we
and our affiliates may be engaged in a broad range of transactions that involve interests that differ from yours and your affiliates and
the Commitment Party shall not have any obligation to disclose any of such interests or information obtained or acquired in the course
of providing such services, and

 

(v)        we
have not provided any legal, accounting, regulatory or tax advice with respect to any aspect of the Acquisition Transactions and you have
consulted your own legal, accounting, regulatory and tax advisors to the extent you have deemed appropriate.

 

You hereby waive and release,
to the fullest extent permitted by law, any claims that you may have against the Commitment Party and their respective affiliates with
respect to any breach or alleged breach of fiduciary duty and agree that the Commitment Party shall have no liability (whether direct
or indirect) to you in respect of such fiduciary duty claim or to any person asserting a fiduciary duty on behalf of or in right of you,
including your equity holders, employees or creditors, in each case in connection with the transactions contemplated by this Commitment
Letter.

 

7.       Indemnification;
Expenses.

 

By executing this Commitment
Letter, you agree to indemnify and hold harmless the Commitment Party, each of its affiliates and each of its and their respective officers,
directors, partners, members, shareholders, employees, affiliates, advisors, agents and controlling persons (each, an “Indemnified
Party”) from and against any and all losses, claims, damages, liabilities and expenses, joint or several, to which any Indemnified
Party may become subject or that may be incurred by or asserted or awarded against any Indemnified Party, in each case arising out of
or in connection with or by reason of any aspect of the Acquisition Transactions and/or any of the other transactions contemplated thereby,
this Commitment Letter, the Fee Letter, the Credit Facility, any use made or proposed to be made with the proceeds thereof, any agreement,
document, instrument, or transaction related thereto, or any claim, litigation, investigation or proceeding relating to any of the foregoing
(any of the foregoing, a “Proceeding”), regardless of whether an Indemnified Party is a party thereto or whether
brought by or against you or any other person, and to reimburse each Indemnified Party within thirty (30) days after written demand for
any reasonable and documented or invoiced out-of-pocket legal or other expenses incurred in connection with investigating or defending
any of the foregoing, but limited, in the case of legal fees and expenses, to the reasonable and documented or invoiced out-of-pocket
legal fees and expenses of (x) one firm of counsel for all Indemnified Parties, taken as a whole, (y) if reasonably necessary, one local
firm of counsel for all Indemnified Parties, taken as a whole, in each relevant jurisdiction and in each relevant specialty, and (z) solely
in the case of an actual or perceived conflict of interest where the Indemnified Party affected by such conflict notifies you of the existence
of such conflict and thereafter retains its own counsel, one other firm of counsel for such affected Indemnified Party (and if reasonably
necessary, one local firm of counsel for such affected Indemnified Party in each relevant jurisdiction and in each relevant specialty);
provided that the foregoing indemnity will not, as to any Indemnified Party, apply to losses, claims, damages, liabilities
or related expenses to the extent (i) they are found in a final, non-appealable judgment by a court of competent jurisdiction to have
resulted from (A) the bad faith, willful misconduct or gross negligence of such Indemnified Party, or (B) a material breach of the obligations
of such Indemnified Party to you under this Commitment Letter, the Fee Letter or the Credit Documentation or (ii) arise out of any Proceeding
that does not involve an act or omission by you or any of your affiliates and that is brought by an Indemnified Party against any other
Indemnified Party (other than a Proceeding that is brought by an Indemnified Party against the Agent in its capacity as such, in which
case, such indemnity shall apply with respect to the Agent to the extent otherwise applicable pursuant to the foregoing).

 

    8

     

    

 

Promptly after receipt by
an Indemnified Party of notice of any claim or the commencement of any Proceeding to which an Indemnified Party may be entitled to indemnity
hereunder, such Indemnified Party shall notify you in writing of such claim or Proceeding, and you shall assume the defense of such claim
or Proceeding on behalf of such Indemnified Party and shall employ counsel reasonably satisfactory to the Indemnified Party and shall
pay the fees and expenses of such counsel as incurred (subject to the provisions of this Section 7).

 

In the case of a Proceeding
to which the indemnity in this section applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding
is brought by you, your equityholders, affiliates or creditors, or an Indemnified Party, and whether or not any aspect of the Acquisition
Transactions is consummated. In no event shall Holdings, the Borrower, the Acquired Business, the Commitment Party or any other Indemnified
Party or any affiliate of the foregoing be liable under this Commitment Letter, the Fee Letter or the Credit Documentation or in respect
of any act, omission or event relating to the transactions contemplated hereby or thereby, on any theory of liability, for any special,
indirect, consequential or punitive damages; provided that this sentence shall not limit your indemnification obligations
set forth above to the extent that such indirect, special, punitive or consequential damages are included in any claim by an unaffiliated
third party in connection with which such Indemnified Party is otherwise entitled to indemnification hereunder. Notwithstanding any other
provision of this Commitment Letter, no Indemnified Party shall be liable for any damages arising from the use by others of information
or other materials obtained through electronic telecommunications or other information transmission systems, other than for direct or
actual damages resulting from the bad faith, willful misconduct or gross negligence of such Indemnified Party as determined by a final,
non-appealable judgment of a court of competent jurisdiction.

 

You
shall not be liable for any settlement of any Proceeding effected without your written consent (which consent shall not be unreasonably
withheld, conditioned or delayed), but if settled with your written consent or if there is a final and non-appealable judgment by a court
of competent jurisdiction in any such Proceeding, you agree to indemnify and hold harmless each Indemnified Party from and against any
and all losses, claims, damages, liabilities and reasonable and documented legal or other out-of-pocket expenses by reason of such settlement
or judgment in accordance with and to the extent provided in the other provisions of this Section 7. If the indemnifying
party has reimbursed any Indemnified Party for any legal or other expenses in accordance with such request and there is a final and non-appealable
determination by a court of competent jurisdiction that the Indemnified Party was not entitled to indemnification or contribution rights
with respect to such payment pursuant to this Section 7, then such Indemnified Party shall promptly refund such amount.

 

You
shall not, without the prior written consent of each Indemnified Party affected thereby (which consent shall not be unreasonably withheld,
conditioned or delayed), settle any threatened or pending claim or action that would give rise to the right of any Indemnified Party to
claim indemnification hereunder unless such settlement (a) includes a full and unconditional release of all liabilities arising out of
such claim or action against such Indemnified Party, (b) does not include any statement as to or an admission of fault, culpability or
failure to act by or on behalf of any Indemnified Party, and (c) contains customary confidentiality provisions with respect to the terms
of such settlement.

 

    9

     

    

 

In addition, you agree to
reimburse (or cause the Borrower to reimburse) the Agent and the Initial Lender on the Closing Date upon presentation of an invoice in
the form of a reasonably detailed summary statement (to the extent an invoice is received at least three (3) business days prior to the
Closing Date or, if invoiced after such time, within thirty (30) days after written demand therefor) for all reasonable and documented
or invoiced out-of-pocket expenses (including, but not limited to, expenses of the Commitment Party’s due diligence investigation
(including consultants’ or other professionals’ fees), syndication expenses, travel expenses and reasonable fees, disbursements
and other charges of counsel (limited, in the case of legal fees and expenses, to the reasonable and documented or invoiced out-of-pocket
legal fees and expenses of (x) one firm of counsel to the Agent and (y) if reasonably necessary, one local firm of counsel for the Agent
and the Lenders (to be retained by the Agent), taken as a whole, in each relevant jurisdiction and in each relevant specialty)) incurred
in connection with the Acquisition Transactions and the preparation, negotiation and enforcement of this Commitment Letter, the Fee Letter
and the Credit Documentation.

 

8.       Governing
Law; Venue and Jurisdiction; Waiver of Jury Trial.

 

This
Commitment Letter and the Fee Letter, and any claim, controversy or dispute arising under or related thereto, shall be governed by, and
construed in accordance with, the laws of the State of New York (including Section 5-1401 and Section 5-1402 of the General Obligations
Law of the State of New York), without reference to any other conflicts or choice of law principles thereof; provided
that it is understood and agreed that

 

(a)        the
interpretation of the definition of “Company Material Adverse Effect” (as defined in the Merger Agreement) and whether or
not a “Company Material Adverse Effect” (as defined in the Merger Agreement) has occurred,

 

(b)        the
determination of a breach of any Specified Merger Agreement Representation (or a failure of any such representation to be true and correct)
and whether as a result of any inaccuracy thereof you have the right to terminate your obligations under the Merger Agreement or not consummate
the transactions thereunder, and

 

(c)        the
determination of whether the Merger has been consummated in accordance with the terms of the Merger Agreement, in each case, shall be
governed by, and construed in accordance with, the governing law of the Merger Agreement, regardless of the laws that might otherwise
govern under applicable principles of conflicts of laws thereof.

 

The parties hereto hereby agree that any suit
or proceeding arising in respect of this Commitment Letter or the Fee Letter or any of the matters contemplated hereby or thereby shall
be tried exclusively in the U.S. District Court for the Southern District of New York or, if such court does not have subject matter jurisdiction,
in any state court located in the Borough of Manhattan, and the parties hereto hereby agree to submit to the exclusive jurisdiction of,
and venue in, such court. The parties hereto hereby agree that service of any process, summons, notice or document by registered mail
addressed to you or us will be effective service of process against such party for any action or proceeding relating to any such dispute.
The parties hereto irrevocably and unconditionally waive any objection to venue of any such action or proceeding brought in any such court
and any claim that any such action or proceeding has been brought in an inconvenient forum. A final judgment in any such action or proceeding
may be enforced in any other courts with jurisdiction over you or us. EACH PARTY HERETO IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY
IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS COMMITMENT LETTER OR THE FEE LETTER OR THE TRANSACTIONS CONTEMPLATED HEREBY
OR THEREBY.

 

    10

     

    

 

9.       Survival.

 

The provisions of this Commitment
Letter relating to confidentiality, compensation, indemnity, survival, sharing of information and other services, absence of fiduciary
duty, governing law, submission to jurisdiction, waiver of jury trial, assignments and amendments and trust waiver shall remain in full
force and effect regardless of whether any Credit Documentation shall be executed and delivered, and notwithstanding the termination of
this Commitment Letter or any commitment or undertaking hereunder; provided, however, that (i) you shall be
deemed released of your indemnification obligations hereunder upon the execution and delivery of the Credit Documentation by you and the
initial extension of credit thereunder to the extent such obligations are covered thereby, and (ii) your obligations under this Commitment
Letter (other than your obligations with respect to confidentiality of the Fee Letter and the contents thereof) shall, to the extent covered
by the Credit Documentation, automatically terminate and be superseded by the corresponding provisions of the Credit Documentation upon
the effectiveness thereof, and you shall automatically be released from obligations hereunder in respect thereof at such time.

 

10.       Assignability;
Amendments; Counterparts.

 

This Commitment Letter and
the commitments hereunder shall not be assignable by any party hereto (other than by you to the Borrower under the Credit Facility; provided
that such Borrower is (i) an entity organized under the laws of the United States or any state thereof and (ii) a wholly-owned direct
subsidiary of Holdings) without the prior written consent of each other party hereto (such consent not to be unreasonably withheld or
delayed) (and any attempted assignment without such consent shall be null and void).

 

Neither
this Commitment Letter nor the Fee Letter may be amended or any provision hereof or thereof waived or modified except by an instrument
in writing signed by you and us. This Commitment Letter and the Fee Letter may be executed in any number of counterparts, each of which
shall be an original and all of which, when taken together, shall constitute one agreement. Delivery of an executed counterpart of a signature
page of this Commitment Letter or the Fee Letter by facsimile transmission or electronic mail shall be effective as delivery of a manually
executed counterpart thereof. The words “execution,” “signed,” “signature” and words of like
import in this Commitment Letter relating to the execution and delivery of this Commitment Letter shall be deemed to include electronic
signatures, which shall be of the same legal effect, validity or enforceability as a manually executed signature to the extent and as
provided in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. This Commitment Letter is
intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor
of, any person other than the parties hereto (other than the Indemnified Parties). By executing this Commitment Letter, you acknowledge
that this Commitment Letter and the Fee Letter are the only agreements between you and us with respect to the Credit Facility and set
forth the entire understanding of the parties with respect to the subject matter thereof.

 

Each of the parties hereto
agrees that (a) this Commitment Letter is a binding and enforceable agreement with respect to the subject matter contained herein, including
an agreement by the parties hereto to negotiate the Credit Documentation in good faith in a manner consistent with this Commitment Letter
and in accordance with the Funds Certain Provision and the Documentation Principles, it being acknowledged and agreed that the commitments
provided hereunder are subject solely to the satisfaction (or waiver by the Initial Lender) of the conditions set forth on the Conditions
Annex, and (b) the Fee Letter is a binding and enforceable agreement with respect to the subject matter contained therein, in each case
of this Commitment Letter and the Fee Letter, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law).

 

    11

     

    

 

11.       Patriot
Act.

 

We hereby notify you and the
Companies that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001) (as
amended from time to time, the “Patriot Act”)) and 31 C.F.R. § 1010.230 (the “Beneficial Ownership
Regulation”), we and each Lender may be required to obtain, verify and record information that identifies you and your affiliates
(including the Companies), which information includes the name, address, tax identification number and other information that will allow
us and each Lender to identify you, your affiliates and the Companies in accordance with the Patriot Act and the Beneficial Ownership
Regulation. This notice is given in accordance with the requirements of the Patriot Act and the Beneficial Ownership Regulation and is
effective as to us and each Lender. You agree that we shall be permitted to share any or all such information with the Lenders.

 

12.       Trust
Waiver.

 

Each of the Initial Commitment
Party and the Initial Lender agrees that, notwithstanding any other provision contained in this Commitment Letter, none of the Initial
Commitment Party, the Initial Lender or any of their respective affiliates now has, or shall at any time prior to the effectiveness of
the Merger and the other Acquisition Transactions have, any claim to, or shall make any claim against, the Trust Fund (as defined in the
Merger Agreement), regardless of whether such claim arises as a result of, in connection with or relating in any way to, the business
relationship between the Initial Commitment Party, the Initial Lender and their respective affiliates on the one hand and Holdings on
the other hand, this Commitment Letter, the Fee Letter, the Credit Documentation, the Merger Agreement or any other agreement or any other
matter, and regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability (any and all
such claims are collectively referred to in this paragraph as the “Claims”). Notwithstanding any other provision
contained in this Commitment Letter, each of the Initial Commitment Party and the Initial Lender hereby irrevocably waives any Claim it
may have, now or in the future, and will not seek recourse against the Trust Fund (as defined in the Merger Agreement) for any reason
whatsoever in respect thereof. In the event that the Initial Commitment Party, the Initial Lender or any of their respective affiliates
commences any action or proceeding against or involving the Trust Fund (as defined in the Merger Agreement) in violation of the foregoing,
Holdings shall be entitled to recover from such person the associated reasonable legal fees and costs in connection with any such action
in the event Holdings prevails in such action or proceeding.

 

13.       Acceptance
and Termination.

 

If the foregoing correctly
sets forth our agreement, please indicate your acceptance of the terms hereof by signing in the appropriate space below and returning
to us this Commitment Letter and the Fee Letter (which may be by facsimile or electronic mail transmission), not later than 11:59 p.m.,
Eastern time, on February 4, 2022, at which time this Commitment Letter and the commitments and undertakings hereunder will (if not so
accepted prior thereto) expire. Thereafter, the commitments and undertakings set forth in this Commitment Letter will terminate on the
earliest of (a) August 8, 2022, (b) the termination of the Merger Agreement in accordance with its terms prior to the consummation of
the Merger, (c) the closing of the Merger without the use of the Credit Facility, (d) the date on which the Credit Documentation is executed
and the Credit Facility is funded, and (e) the date on which you provide written notice to the Commitment Party that you wish to terminate
this Commitment Letter and the commitments hereunder.

 

[THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT
BLANK]

 

    12

     

    

 

Blue Torch is pleased to have
been given the opportunity to assist you in this important transaction.

 

	 	Regards,
	 	 
	 	BLUE
    TORCH CAPITAL LP
	 	 
	 	By:	/s/ Kevin Genda
	 	Name:  	Kevin Genda
	 	Title:	CEO

 

[Signature Page to PROJECT TREAT COMMITMENT LETTER]

 

     

     

    

 

Accepted and agreed to as of the date first above
written:

 

	CHW
    ACQUISITION CORPORATION	 
	 	 
	By:	/s/
Jonah Raskas	 
	Name:  	Johan Raskas              	 
	Title:	Co-CEO 	 

 

 

[Signature Page to PROJECT TREAT COMMITMENT LETTER]

 

     

     

    

 

EXHIBIT A TO COMMITMENT LETTER

 

Summary of Terms and Conditions

 

Capitalized terms used but not defined herein
shall have the meaning provided

in the Commitment Letter to which this Summary of Terms and Conditions is attached.

 

 

 

	BORROWER:	Initially, Merger Sub; and, upon consummation of the Merger, Wag Labs, Inc., a Delaware corporation (the “Borrower”).
	 	 
	HOLDINGS:	CHW Acquisition Corporation, a Cayman Islands exempt company that will domesticate as a Delaware corporation prior to the Closing Date by consummation of the Domestication (“Holdings”).  Upon consummation of the Merger, the Borrower will be a wholly-owned direct subsidiary of Holdings.
	 	 
	GUARANTORS:	The Credit Facility (as defined below) will be jointly and severally guaranteed by Holdings, the Borrower and each existing and future direct and indirect subsidiary of the Borrower (together with Holdings, collectively, the “Guarantors”) (provided that the Guarantors shall not include, among others to be agreed in the Credit Documentation (subject to the Documentation Principles),
	 	(a)           immaterial subsidiaries (to be defined in a mutually acceptable manner by reference to individual and aggregate revenues and/or assets excluded) that is formed or acquired after the Closing Date, 
	 	(b)           [reserved],
	 	(c)           any
    subsidiary that is prohibited by applicable law, rule or regulation or by any contractual obligation existing on the Closing Date or on the date any such subsidiary is acquired (so long as such prohibition is not incurred in contemplation of such acquisition) from guaranteeing the Credit Facility or which would require governmental (including regulatory) consent, approval, license or authorization to provide a guarantee unless such consent, approval, license or authorization has been received, or is not received after commercially reasonable efforts to obtain the same, which efforts may be requested by the Agent, or for which the provision of a guarantee would result in material adverse tax consequences (including, for the avoidance of doubt, any tax consequences under Section 956 of the Internal Revenue Code of 1986 (as amended, the “Code”)) to Holdings and its subsidiaries, as reasonably determined by the Borrower in consultation with the Agent; provided that, prior to and upon formation or acquisition of any non-U.S. subsidiary or FSHCO, Holdings and its subsidiaries shall use commercially reasonable efforts to mitigate or eliminate any adverse tax consequences under Section 956 of the Code that would result from the provision of guarantee by any such entity;

 

     

     

    

 

	 	(d)           any direct or indirect U.S. subsidiary of a direct or indirect non-U.S. subsidiary of the Borrower that is a “controlled foreign corporation” within the meaning of Section 957 of Code (a “CFC”) and any direct or indirect U.S. subsidiary of the Borrower substantially all of the assets of which consist directly or indirectly of equity interests and/or indebtedness of one or more direct or indirect non-U.S. subsidiaries that are CFCs (any such entity, a “FSHCO”); provided, that no CFC or FSHCO shall be excluded if the provision of a guarantee by such CFC or FSHCO would not result in material adverse tax consequences (including, for the avoidance of doubt, any tax consequences under Section 956 of the Code) to Holdings and its subsidiaries, as reasonably determined by the Borrower in consultation with the Agent; and 
	 	(e)          any subsidiary acquired pursuant to a Permitted Acquisition (defined below) permitted by the Credit Documentation that has incurred secured indebtedness not incurred in contemplation of such Permitted Acquisition and any subsidiary thereof that guarantees such secured indebtedness, in each case, to the extent such secured indebtedness prohibits such subsidiary from becoming a Guarantor).
	 	
    In addition, subject to the Documentation Principles,
    certain foreign immaterial subsidiaries of the Borrower that are formed or acquired after the Closing Date may be excluded from the requirement
    to provide guarantees of the Credit Facility to the extent that the burden, cost, difficulty or consequence of providing a guarantee (for
    the avoidance of doubt, such burden, cost, difficulty or consequence shall include any tax consequences under Section 956 of the Code)
    outweighs the benefit afforded thereby (or such guarantee requirements may otherwise be limited) as reasonably agreed by the Borrower
    and the Agent; provided that, prior to and upon formation or acquisition of any non-U.S. subsidiary or FSHCO, Holdings and its subsidiaries
    shall use commercially reasonable efforts to mitigate or eliminate any adverse tax consequences under Section 956 of the Code that would
    result from the provision of guarantee by any such entity.

     

	 	All guarantees will be guarantees of payment and not of collection.  The Borrower and the Guarantors are collectively referred to herein as the “Credit Parties” and each individually as a “Credit Party”.  Any transaction that causes a wholly-owned subsidiary to cease to be a Guarantor because it is no longer wholly-owned (other than a bona-fide disposition of all of the equity interests of subsidiaries in an arms’ length third-party transaction) shall be deemed to be an investment in such non-wholly owned subsidiary.

 

    2

     

    

 

	
    ADMINISTRATIVE

    AGENT:
	Blue Torch shall act as administrative agent and collateral agent (in such capacity, the “Agent”) for the Credit Facility.
	 	 
	LENDERS:	Blue Torch as the initial lender (in such capacity, the “Initial Lender”) and such other financial institutions (excluding any Disqualified Lender (to be defined in the Credit Documentation, subject to the Documentation Principles) as may from time to time provide a commitment in respect of, or hold an outstanding loan under, the Credit Facility (together with the Initial Lender, collectively, the “Lenders”).
	 	 
	CREDIT FACILITY:	Senior secured financing in the form of a senior secured first lien term loan facility (the “Credit Facility”) in an aggregate principal amount of $30.0 million. 
	 	 
	AVAILABLE CURRENCY:	The Credit Facility will be available in United States dollars.
	 	 
	AVAILABILITY:	The Credit Facility will be available only in a single draw on the Closing Date.  
	 	 
	MATURITY:	Three (3) years after the Closing Date (the “Maturity Date”).
	 	 
	AMORTIZATION:	The Credit Facility will be subject to quarterly amortization of principal on the last day of each fiscal quarter (beginning on the last day of the first full fiscal quarter ending after the Closing Date) in accordance with the following schedule (in each case, subject to reduction by the application of prepayments as described below): 
	 	 

	 	AMORTIZATION 

PAYMENT DATE:	AMORTIZATION PAYMENT

 AMOUNT:
	 	On or prior to the first anniversary of the Closing Date:	0.50% of the aggregate principal amount of the Credit Facility for each such amortization payment (i.e., 2.0% per annum) 
	 	After the first anniversary of the Closing Date and on or prior to the second anniversary of the Closing Date:	0.75% of the aggregate principal amount of the Credit Facility for each such amortization payment (i.e., 3.0% per annum)
	 	After the second anniversary of the Closing Date and on or prior to the Maturity Date:	1.25% of the aggregate principal amount of the Credit Facility for each such amortization payment (i.e., 5.0% per annum)

	 	 
	 	In any event, the outstanding principal amount of the Credit Facility
shall be due in full in cash on the Maturity Date.
	 	 
	USE OF PROCEEDS:	To provide funds (a) on the Closing Date, for the financing, in part, of (i) the Merger, (ii) the Refinancing and (iii) the payment of all fees, costs and expenses associated with the Acquisition Transactions, and (b) thereafter, for working capital and other general corporate purposes of the Borrower and its subsidiaries.

 

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	CLOSING DATE:	The date of the execution and delivery of definitive loan documentation for the Credit Facility (the “Credit Documentation”), the satisfaction (or waiver by the Initial Lender) of all conditions precedent (subject to the Funds Certain Provision) set forth on the Conditions Annex and the funding of the Credit Facility  (the “Closing Date”).
	 	 
	SECURITY:	The Borrower and each of the Guarantors shall
    grant to the Agent, for the ratable benefit of the Lenders, valid and perfected first priority (subject to the Funds Certain Provision
    and the Documentation Principles) liens and security interests in all of the following (collectively, the “Collateral”):
	 	 
		
    

    (a)            All
    present and future shares of capital stock of (or other ownership or profit interests in) each of the Borrower’s and Guarantors’
    present and future domestic and foreign subsidiaries (limited, in the case of each entity that is a “controlled foreign corporation”
    under Section 957 of the Code, to a pledge of 65% of the voting capital stock (and 100% of the non-voting capital stock) of each
    such foreign subsidiary to the extent the pledge of any greater percentage would result in adverse tax consequences to Holdings or its
    subsidiaries, as reasonably determined by the Borrower in consultation with the Agent), including, without limitation, all of the equity
    interests in the Borrower owned by Holdings.

     

	 	(b)           All of the present and future property and assets, real and personal, tangible and intangible, of the Borrower and each Guarantor, including, but not limited to, machinery and equipment, inventory and other goods, accounts receivable, owned real estate, fixtures, bank accounts, general intangibles, financial assets, investment property, license rights, patents, trademarks, tradenames, copyrights, chattel paper, insurance proceeds, contract rights, commercial tort claims, hedge agreements, documents, instruments, indemnification rights, tax refunds and cash.
	 	
    (c)            All
    proceeds and products of the property and assets described in clauses (a) and (b) above.

     

    The Collateral shall ratably secure, on a first
    priority basis, the relevant Credit Party’s obligations in respect of the Credit Facility subject to the Funds Certain Provision.

    

 

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    Notwithstanding anything to the contrary:

     

    (i)
               except to the extent that any foreign subsidiary of the Borrower provides a guarantee
    of the Credit Facility (in which case, any requirement for such foreign subsidiary to provide security in respect of the Credit Facility
    shall be reasonably agreed by the Borrower and the Agent), no actions in any non-U.S. jurisdiction shall be required in order to create
    or perfect any security interests in any immaterial assets located or titled outside of the U.S.;

     

    (ii)           the
    Credit Parties shall not be required to enter into an assignment agreement, collateral assignment agreement or other similar security
    agreement with respect to their rights under or with respect to the Merger Agreement or any other Ancillary Agreement (as defined in the
    Merger Agreement), the definitive documentation for any Permitted Acquisition or other permitted Investment, any representation and warranty
    policy or any business interruption insurance policy (provided that the rights and interests of the Credit Parties thereunder shall not
    be excluded from the general grant of security interests in Collateral under Article 9 of the Uniform Commercial Code);

     

    (iii)           [reserved];
    and

     

    (iv)          the
    Credit Parties shall use commercially reasonable efforts to obtain a landlord waiver or other similar agreement for the Borrower’s
    headquarters, chief executive office or principal place of business (as applicable) (it being understood and agreed that such agreement
    shall be provided on a post-closing basis within a mutually acceptable period after the Closing Date). 

     

    In each applicable instance in this section, materiality
    shall be determined in a manner to be mutually agreed in accordance with the Documentation Principles.

     

	 	
    Notwithstanding the foregoing, the term “Collateral”
    shall not include, and the grant of a security interest as provided hereunder shall not extend to, the following:

     

    (a)           any
    leasehold interest in real property and any fee-owned real property with a fair market value of less than an amount to be agreed;

     

    (b)            motor
    vehicles and all other assets subject to certificates of title;

     

    (c)           commercial
    tort claims and letter of credit rights with a value below a threshold to be mutually agreed upon (other than, in each case of this clause
    (c), to the extent such rights can be perfected by the filing of a Uniform Commercial Code financing statement);

     

    (d)          margin
    stock and, to the extent not permitted by the terms of such person’s organizational or joint venture documents after giving effect
    to applicable anti-assignment provisions of the Uniform Commercial Code or other applicable law, equity interests in joint ventures;

 

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    (e)           any
    contract, lease, license, permit, authorization or other agreement to the extent the grant of a security interest therein would (A) violate
    or invalidate such agreement or (B) create a right of termination in favor of any other party thereto (other than a Credit Party), in
    each case to the extent such provision is (x) not rendered ineffective pursuant to the applicable anti-assignment provisions of the Uniform
    Commercial Code or other applicable law notwithstanding such prohibition and (y) not created in contemplation of the grant hereunder;
    provided that such exclusion shall not be construed so as to limit, impair or otherwise affect the Agent’s security
    interest in or to monies due or to become due under such any contract, lease, license, permit, authorization or other agreement;

     

    (f)            the
    equity interests in excess of 65% of the voting equity interests (and 100% of the non-voting equity interest) of each subsidiary that
    is a CFC or FSHCO, to the extent the pledge of any greater percentage would result in adverse tax consequences to Holdings and its subsidiaries,
    as reasonably determined by the Borrower in consultation with the Agent;

     

    (g)           any
    contract, lease, license, permit, authorization or any other asset, the granting of a security interest in which would be prohibited by
    any permitted contractual obligation binding on such asset, or restricted by applicable law, rule, regulation, or pursuant thereto would
    result in, or permit the termination of such asset (including any requirement to obtain the consent or approval of any governmental authority
    or third party), except to the extent such prohibition is (x) rendered ineffective under the Uniform Commercial Code or other applicable
    law and (y) not created in contemplation of the grant hereunder;

     

    (h)           any
    intent-to-use trademark application prior to the filing of a “Statement of Use” or “Amendment to Allege Use” with
    respect thereto, to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein
    would impair the validity or enforceability of such intent-to-use trademark application under applicable law;

     

    (i)            any
    property or asset subject to a purchase money security interest, capital lease or similar financing arrangement permitted under the loan
    documentation to the extent that the grant of other liens on such asset (A) would invalidate or result in a breach or violation of, or
    constitute a default under, the agreement or instrument governing such purchase money arrangement or capital lease, (B) would result in
    the loss of use of such asset or (C) would create a right of termination in favor of any other party thereto (other than Holdings or any
    of its subsidiaries), in each case, after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code or
    other applicable law;

    

 

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    (j)            any
    property or asset the grant or perfection of a security interest in which would require governmental consent or approval so long as such
    consent or approval has not been obtained;

     

    (k)           any
    other asset for which the Agent and the Borrower reasonably agree that the cost of obtaining a security interest (for the avoidance of
    doubt, such cost shall include any tax consequences under Section 956 of the Code) to Holdings and its subsidiaries is excessive in relation
    to the value of the security afforded thereby or obtaining such security interest is not practical;

     

    (l)            any
    assets to the extent a security interest in such assets in favor of the Agent could reasonably be expected to result in material adverse
    tax consequences (including, for the avoidance of doubt, any tax consequences under Section 956 of the Code) to Holdings and its subsidiaries
    as reasonably determined by the Borrower in consultation with the Agent;

     

    (m)          segregated
    deposit accounts used only for payroll, payroll taxes, healthcare and other employee wage and benefit payments, trust accounts, tax accounts
    (including sales tax accounts), escrow defeasance and redemption accounts, fiduciary and trust accounts, deposit accounts holding cash
    collateral or other deposits that constitute permitted liens, zero balance accounts and other deposit accounts with an aggregate average
    monthly balance of less than an amount to be agreed; and

     

    (n)           other
    assets to be mutually agreed upon by the Borrower and Agent.

    

	 	 
	
    VOLUNTARY

    PREPAYMENTS:
	The Borrower may voluntarily prepay all or any part of the Credit Facility, subject to concurrent payments of any applicable LIBOR breakage costs in the case of a prepayment of a LIBOR loan on any day other than the last day of the applicable interest period and subject to the following paragraph.  Any voluntary prepayment of the Credit Facility shall be applied to reduce subsequent amortization payments as directed by the Borrower.

                                                           

                                                          In connection with any voluntary prepayment of the Credit Facility or any mandatory prepayment of the Credit Facility with the proceeds of non-permitted debt, asset sale and insurance proceeds, the Borrower shall pay to the Agent for the account of the applicable Lenders a prepayment premium in accordance with the following schedule:

	 	 

	 	PREPAYMENT DATE:	PREPAYMENT PREMIUM:
	 	On or prior to the first anniversary of the Closing Date:	Interest make-whole through the first anniversary of the Closing Date (fixed at the rate in effect on the date of such prepayment), plus 3.0% of the principal amount of such prepayment
	 	After the first anniversary of the Closing Date and on or prior to the second anniversary of the Closing Date:	2.0% of the principal amount of such prepayment
	 	After the second anniversary of the Closing Date and on or prior to the Maturity Date:	0%

 

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    MANDATORY

    PREPAYMENTS:
	
    In addition to regularly scheduled amortization
    payments in respect of the Credit Facility, the Borrower will be required to prepay the Credit Facility in an aggregate amount equal to
    100% of the net cash proceeds received by Holdings or any subsidiary in respect of any of the following events (in each case, subject
    to the Documentation Principles):

     

    (A)          any
    non-ordinary course sale or other disposition of any assets of Holdings or any of its subsidiaries (including proceeds from the sale of
    equity securities of any subsidiary of the Borrower) in excess of a threshold to be agreed for each such sale or disposition and a threshold
    to be agreed for all such sales and dispositions during a single fiscal year (with only the amount of net cash proceeds in excess of both
    of such thresholds being required to prepay the Credit Facility), net of amounts reinvested in the Credit Parties’ business within
    120 days of receipt (or committed to be reinvested within 120 days of receipt and actually reinvested within 90 days thereafter),

     

    (B)          any
    issuance or incurrence of debt securities and/or indebtedness for borrowed money by Holdings or any of its subsidiaries after the Closing
    Date (other than indebtedness permitted by the Credit Documentation), and

     

    (C)          insurance
    proceeds (including business interruption insurance proceeds) from casualty or condemnation events, net of amounts reinvested in the Credit
    Parties’ business within 180 days of receipt (or committed to be reinvested within 180 days of receipt and actually reinvested within
    90 days thereafter),

     

    Any mandatory prepayment of the Credit Facility
    shall be applied to reduce subsequent amortization payments in reverse order of maturity.

    

 

    8

     

    

 

	DOCUMENTATION PRINCIPLES:	
    The Credit Documentation shall be based upon the
    Agent’s form of financing agreement, shall be drafted initially by counsel to the Agent, shall be negotiated in good faith to finalize
    the Credit Documentation, giving effect to the Funds Certain Provision, as promptly as practicable after the acceptance of the Commitment
    Letter, provided that the Credit Documentation shall contain the terms and conditions set forth in this Term Sheet and, to the extent
    any terms are not set forth in this Term Sheet, shall be consistent with the terms set forth herein and otherwise usual and customary
    for transactions of this kind, shall reflect the operational and strategic requirements of the Borrower in light of its capital structure,
    size, industries, practices and operations (after giving effect to the consummation of the Acquisition Transactions) and shall contain
    such modifications as the Borrower and the Initial Lender shall mutually agree. The Credit Documentation

     

    (i)             shall
    contain only those payments, fees, premiums, mandatory prepayments, representations, warranties, covenants and events of default expressly
    set forth in this Term Sheet, in each case, applicable to Holdings and its subsidiaries, with standards, qualifications, thresholds, exceptions,
    “baskets”, and grace and cure periods consistent with the Documentation Principles,

     

    (ii)           shall
    not contain any conditions to the funding of the Credit Facility on the Closing Date other than the conditions set forth on the Conditions
    Annex,

     

    (iii)          shall
    give due regard to the Projections, matters disclosed in the Merger Agreement and the proposed business plan,

     

    (iv)          shall
    take into account current market conditions as reasonably and mutually agreed,

     

    (v)           shall
    reflect operational, agency, assignment and related provisions not specifically set forth in this Term Sheet and not in contravention
    of anything specifically set forth in this Term Sheet that are reasonably required by Blue Torch acting as Agent and

     

    (vi)         shall
    include customary EU Bail-In provisions, lender ERISA provisions, certification of beneficial ownership provisions and LIBOR replacement
    provisions (collectively, the “Documentation Principles”).

 

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    REPRESENTATIONS & 

    WARRANTIES:

     
	
    Limited to the following (subject to the Documentation
    Principles and the Funds Certain Provision and to be made after giving effect to the consummation of the Acquisition Transactions on the
    Closing Date): corporate existence, status, power and authority; due authorization; enforceability; accuracy of financial statements;
    no material adverse change; litigation; no violation of organizational documents, agreements or instruments; compliance with laws (including
    ERISA, environmental laws, FCPA and other anti-corruption laws, anti-money laundering laws, and Patriot Act, OFAC and other anti-terrorism
    laws); no required third party or governmental consents; no default; payment of taxes and other governmental obligations; ownership of
    properties and no liens other than permitted liens; solvency; insurance; employment and labor matters; environmental matters; regulated
    entities; validity/perfection of security interests in Collateral; status under Investment Company Act; intellectual property; no engagement
    in the corporate practice of veterinary medicine/care (“CPOV”); tax matters; capitalization, subsidiaries and
    corporate structure; nature of business; permits; use of proceeds not engaging in business of purchasing/carrying margin stock; material
    contracts (subject to a threshold to be agreed); beneficial ownership; accuracy of disclosure (to be substantially identical to the corresponding
    disclosure representation in the Commitment Letter); and senior debt status.

     

    Notwithstanding anything to the contrary contained
    herein, to the extent that any of the foregoing representations and warranties are qualified or subject to “material adverse effect”
    or words of similar import, the definition thereof shall be “Company Material Adverse Effect” as that term is defined in the
    Merger Agreement for purposes of any representations and warranties made or to be made on, or as of, the Closing Date.

     

	 	 
	
    AFFIRMATIVE 

    AND NEGATIVE COVENANTS:

     
	
    (A)         General
    Affirmative Covenants: Limited to the following (subject to the Documentation Principles): compliance with laws and regulations (including,
    without limitation, ERISA, anti-corruption, anti-money laundering, anti-terrorism and environmental laws); payment of taxes and other
    governmental obligations; maintenance of appropriate and adequate insurance (including, without limitation, flood insurance for owned
    real properties constituting Collateral as required by applicable federal regulations); preservation of corporate existence, rights (charter
    and statutory), franchises, permits, licenses and approvals; visitation and inspection rights; keeping of proper books in accordance with
    generally accepted accounting principles; maintenance of properties; further assurances as to perfection and priority of security interests
    and delivery of collateral; use of proceeds; maintenance of obligations as senior debt; Federal Reserve Regulations; Investment Company
    Act of 1940; meetings with management reasonably requested by Agent; customary information reporting requirements (including without limitation,

     

    (i)           notices
    of defaults, material litigation, material governmental proceedings or investigations, material environmental actions and liabilities,
    information related to a material contract (subject to a threshold to be agreed), disposition of equity interests / assets and material
    ERISA and tax events and liabilities,

     

    (ii)           delivery
    of reports to other material debt creditors,

    

 

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    (iii)          notification
    of material changes in accounting or financial reporting practices, and

     

    (iv)         delivery
    of such other business, financial and other information as the Agent or any Lender shall reasonably request);

     

    board
    observation rights (which will include the provision of a customary management rights letter in form and substance reasonably satisfactory
    to the Borrower and the Agent (the “VCOC Letter”); and customary post-closing obligations.

    

	 	 
	 	
    (B)           Financial
    Reporting Covenants: Limited to the following (subject to the Documentation Principles):

     

    (a)           not
    later than 30 days following the end of each fiscal month, a monthly unaudited financial statement package that is substantially identical
    to the monthly financial reports provided by the Borrower to its board of directors (which shall also include a customary balance sheet,
    income statement and statement of cash flows prepared in accordance with GAAP in all material respects);

     

    (b)          not
    later than 45 days following the end of each fiscal quarter, a quarterly unaudited financial statement package to include a balance sheet,
    income statement and statement of cash flows, showing the quarter-to-date and year-to-date financial performance of Holdings and its consolidated
    subsidiaries and, for any applicable quarter ending one year or more after the Closing Date, against the most recently delivered projections
    and against the same period for the prior year;

     

    (c)           not
    later than 90 days following the end of each fiscal year of the Borrower,

     

    (i)           audited
    financial statements, to be accompanied by a report and opinion of a third party accountant, which opinion shall be unqualified as to
    scope and shall not contain a going concern or like qualification or exception (other than a going concern or like qualification or exception
    with respect to (x) the impending maturity of any indebtedness, or (y) the inability to demonstrate pro forma or prospective financial
    covenant compliance or a prospective financial covenant breach), and

    

    

 

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    (ii)           any
    final management letter(s) issued by such accountant with respect to the audited financial statements;

     

    (d)           not
    later than 45 days following the end of each fiscal year of the Borrower, projections for the upcoming fiscal year, prepared on at least
    a monthly basis; and

     

    (e)           (i)
    on a monthly basis (or, if liquidity is less than $5.0 million, weekly) a 13-week cash flow forecast in form and substance reasonably
    satisfactory to the Agent (the “13-Week Cash Flow”), together with a comparison of actual weekly disbursements,
    receipts and liquidity against the previously delivered 13-Week Cash Flow; and

     

    (ii)           no
    later than Wednesday of each calendar week, a customary liquidity “flash” report setting forth, among other things, the cash
    balances for the immediately preceding calendar week of the Credit Parties.

     

    Each of the financial statements referred to in
    clauses (b) and (c) above (and in the case of clause (i), (a), (b) and (c)) will be accompanied by (i) a compliance
    certificate executed by the Chief Financial Officer or another appropriate and authorized financial officer of the Borrower and (ii) a
    copy of a customary management’s discussion and analysis with respect to such financial statements.

	 	 
	 	
    (C)           Negative
    Covenants: Limited to restrictions on the following (subject to the Documentation Principles): liens; debt; guarantees and other contingent
    obligations; mergers and consolidations; sales, transfers and other dispositions of property or assets; loans, acquisitions, joint ventures
    and other investments (with an exception, among others, for Permitted Acquisitions (as defined below)); dividends and other distributions
    to, and redemptions and repurchases from, equityholders; transactions with affiliates; limitations regarding CPOV; prepaying, redeeming
    or repurchasing unsecured debt, subordinated debt, junior lien debt and/or preferred equity; negative pledges and other burdensome agreements;
    use of proceeds to carry margin stock; violation of anti-terrorism laws, sanctions and anti-money laundering laws; changes in the nature
    of business; amending organizational documents; amending documentation related to unsecured debt, subordinated debt, junior lien debt
    and/or preferred equity; sale and leaseback transactions; changes in accounting policies (except as otherwise required by GAAP), reporting
    practices or fiscal year; designation of other senior debt; and a passive holding company covenant with respect to Holdings.

    

 

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                    Notwithstanding
the foregoing, the Credit Documentation will permit the consummation of the Domestication, the Equity Transactions, the Merger and any
and all other transactions contemplated by the Merger Agreement and the Ancillary Agreements (as defined in the Merger Agreement) (including
any payments required to be made in connection therewith) prior to, on or after the Closing Date, in each case, in accordance with and
to and the extent required by the terms of the Merger Agreement.

     

	 	 
	 	
    (D)           Permitted
    Acquisitions. The Credit Documentation will permit the Borrower and its subsidiaries to make acquisitions of all or substantially
    all of the assets of any person or any line of business, unit or division thereof, or of all or substantially all of the customer lists
    of any person or any line of business, unit or division thereof (including, for the avoidance of doubt, “tuck in” acquisitions),
    or of a majority of the equity interests of any person (each, a “Permitted Acquisition”), in each case, so long
    as

     

    (i)            no
    event of default has occurred and is continuing under the Credit Documentation,

     

    (ii)          with
    respect to any acquisition financed all or in part with the proceeds of indebtedness (including the assumption or incurrence of indebtedness)
    (other than borrowings under a revolving credit facility), the Borrower demonstrates pro forma compliance with the Financial Covenants
    (as defined below), immediately after giving effect to the consummation of such acquisition, the incurrence of such indebtedness, the
    use of proceeds thereof and any related pro forma adjustments thereto, calculated on a pro forma basis as of the last day of the most
    recently ended fiscal quarter for which financial statements have been delivered,

     

    (iii)          immediately
    before and after giving effect to the consummation of such acquisition, pro forma liquidity is not less than $10.0 million,

     

    (iv)          with
    respect to any acquisition for consideration in excess of $7.5 million, upon the earlier of (x) the execution of the definitive acquisition
    agreement for such acquisition and (y) ten (10) business days prior to the consummation of such acquisition, the Borrower shall provide
    the following to the Agent: (1) a quality of earnings report, (2) pro forma financial statements, (3) copies of any definitive term sheets
    or acquisition documentation as may be reasonably requested by the Agent and (4) solely to the extent prepared by or available to the
    Borrower in connection therewith, a financial model prepared for such acquisition,

    

 

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    (v)          the
acquisition is not “hostile” and the person or assets acquired are in the same line of business as the Borrower and its subsidiaries
or a line of business that is reasonably related, incidental, complementary or ancillary thereto, and

     

    (vi)          the
    Borrower complies with the requirements with respect to Collateral and Guarantees set forth in the Credit Documentation (subject to limitations
    set forth under “Guarantors” and “Security” above) (with consideration caps for acquisitions of persons that will
    not become Guarantors and/or assets that will not become part of the Collateral for the Credit Facility).

    

	 	 
	
    FINANCIAL

    COVENANTS:
	
    Limited to the following (subject to the Documentation
    Principles) (collectively, the “Financial Covenants”):

     

    (A)           minimum
    revenue of the Credit Parties, to be measured monthly on a consolidated basis on the last day of each fiscal month (commencing on the
    last day of the first full fiscal month ending after the Closing Date) and for the twelve fiscal month period ending on such date (with
    a 30% cushion applicable until the first anniversary of the Closing Date and, thereafter, with cushions of least 30% to be mutually agreed
    (in accordance with the financial projections received by Blue Torch on January 22, 2022)); and

     

    (B)           $5.0
    million minimum liquidity of the Credit Parties, to be measured on an ongoing basis.

     

    For purposes of determining compliance with the
    minimum revenue Financial Covenant as of the last day of any fiscal month, any cash equity contribution and/or proceeds of an issuance
    of equity securities (which equity will be common equity or qualified preferred equity) received by Holdings and contributed by Holdings
    to the Borrower after the end of such fiscal month and on or prior to the date that is ten (10) business days after the date on which
    financial statements and a compliance certificate are required to be delivered for such fiscal month will, at the request of the Borrower,
    be included in the calculation of revenue solely for purposes of determining compliance with the minimum revenue Financial Covenant at
    the end of such fiscal month and for each applicable subsequent calculation period that includes such fiscal month (any such contribution
    to the Borrower, a “Specified Equity Contribution”); provided that

     

    (a)            in
    each twelve fiscal month period there will be at least nine (9) fiscal months in which no Specified Equity Contribution is made, and no
    Specified Equity Contribution shall have been made in respect of the immediately previous fiscal month (i.e., Specified Equity Contributions
    may not be made in consecutive periods),

    

 

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    (b)            no
    more than five Specified Equity Contributions may be made during the term of the Credit Facility,

     

    (c)           the
    amount of any Specified Equity Contribution in any period will be no greater than the amount required to cause the Borrower to be in compliance
    with the minimum revenue Financial Covenant for such period,

     

    (d)           each
    Specified Equity Contribution shall be included in the calculation of revenue solely for the purposes of determining compliance with the
    minimum revenue Financial Covenant, shall be used to prepay the Credit Facility (without premium or penalty) and shall be disregarded
    for all other purposes, and

     

    (e)            a
    remedies standstill shall be effective until the expiration of the ten (10) business day period referred to above unless the Borrower
    has not received the proceeds of such Specified Equity Contribution on or prior to such date.

    

	 	 
	EVENTS OF DEFAULT:	Limited to the following (subject to the Documentation Principles): nonpayment of principal, interest, fees or other amounts; any representation or warranty proving to have been incorrect in any material respect when made or deemed made; failure to perform or observe covenants set forth in the Credit Documentation; cross-defaults and cross-acceleration to other material indebtedness in excess of an amount to be agreed; bankruptcy and insolvency defaults; monetary judgment defaults in excess of an amount to be agreed; actual or asserted impairment of Credit Documentation; invalidity of a guarantee or lien; change of control; customary ERISA defaults; and failure of material subordinated or junior lien debt to be subordinated.
	 	 
	
    CONDITIONS

    PRECEDENT TO

    CLOSING AND

    FUNDING:
	Subject to the Funds Certain Provision, the funding of the Credit Facility on the Closing Date will be subject only to the satisfaction (or waiver by the Initial Lender) of the conditions precedent set forth on the Conditions Annex.  
	 	 
	
    APPLICABLE

    INTEREST RATES:

     

     
	
    The interest rates per annum applicable to the
    outstanding principal amount of the Credit Facility will be, at the election of the Borrower, (i) LIBOR plus an Applicable Margin
    equal to 10.00% per annum or (ii) the Base Rate plus an Applicable Margin equal to 9.00% per annum.

     

    Interest
    shall be payable in arrears (a) for loans accruing interest at a rate based on LIBOR, on the last day of the applicable interest
    period and, for interest periods of greater than 3 months, every three months, and on the Maturity Date and (b) for loans accruing interest
    based on the Base Rate, on the last day of each fiscal quarter (beginning on the last day of the first full fiscal quarter ending after
    the Closing Date) and on the Maturity Date.

    

 

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    For purposes of this Term Sheet:

     

    (a)           “LIBOR”
    means the London Interbank Offered Rates as calculated by the ICE Benchmark Administration quoted by recognized financial sources such
    as Reuters or Bloomberg (or on any successor or substitute page on such screen that displays such rate, or on the appropriate page of
    such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion),
    adjusted if necessary for any statutory reserves; and

     

    (b)           “Base
    Rate” means a fluctuating interest rate per annum equal to the greatest of

     

    (i)            the
    rate of interest publicly announced from time to time by the Wall Street Journal as its “prime rate” in the United States
    or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in
    Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the "bank prime loan" rate or, if such rate is no
    longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal
    Reserve Board (as determined by the Administrative Agent),

     

    (ii)           one-half
    of one percent in excess of the Federal Funds effective rate and

     

    (iii)          the
    then-applicable LIBOR rate for a one month interest period plus 1.00%.

     

    So long as no Event of Default shall have occurred
    and be continuing, LIBOR-based loans will be available for interest periods of one, three or six months (any shorter or longer period
    to be mutually agreed by the applicable Lenders).

     

    Notwithstanding anything herein, if at any time
    LIBOR shall be less than 1.00% per annum, such rate shall be deemed to be 1.00% per annum and Base Rate shall be less than 2.00% per annum,
    such rate shall be deemed to be 2.00% per annum.

     

    The
    Credit Documentation shall contain customary LIBOR replacement provisions that are consistent with Blue Torch’s amendment approach.

     

    All calculations of interest and fees shall be
    made on the basis of actual number of days elapsed and a 360 day year, other than calculations of interest based on the “prime rate”
    prong of the Base Rate (which shall be made on the basis of actual number of days elapsed and a 365/366 day year).

    

 

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	DEFAULT RATE:	At any time when an event of default exists, the Credit Facility shall bear interest at 2.00% per annum above the otherwise applicable rate then borne by the Credit Facility.
	 	 
	
    ASSIGNMENTS AND

    PARTICIPATIONS:
	Each Lender will be permitted to make assignments in respect of the Credit Facility in minimum acceptable amounts to be determined to other financial institutions approved by the Agent and, so long as no event of default has occurred and is continuing, the Borrower, which approvals shall not be unreasonably withheld; provided, however, that neither such approval shall be required in connection with assignments to (i) other Lenders, (ii) any affiliate of a Lender, or (iii) any Approved Fund (to be defined in the Credit Documentation). The Borrower’s consent to an assignment requiring such consent hereunder shall be deemed provided to the extent the Borrower has not objected to such assignment  within five (5) business days after receipt by the Borrower (with a copy to Holdings in accordance with the notice provisions of the Credit Documentation) of a request for such consent (other than any assignment to a Disqualified Lender, with respect to which the Borrower’s consent shall always be required and shall not be deemed given).  The parties to the assignment (other than the Borrower) will pay to the Agent an administrative fee of $3,500.  The Lenders will also be permitted to sell participations with customary voting rights.  Notwithstanding the foregoing, no assignment or participation may be made to any natural person or to any Disqualified Lender (to be defined in the Credit Documentation, subject to the Documentation Principles).
	 	 
	
    REQUIRED

    LENDERS:
	
    Lenders holding more than 50% of the Credit Facility;
    provided that, unless agreed to by each Lender directly affected thereby, no amendment or waiver shall: increase such Lender’s
    commitment; decrease the principal amount of any loan held by such Lender; reduce the rate of interest (other than default interest) applicable
    to any loan or the amount of fees; reduce or postpone the scheduled payment of any principal, interest, or fees; release the Borrower
    or all or substantially all of the Collateral or the Guarantors; modify provisions related to the application of proceeds following an
    event of default; or change the definition of Required Lenders. The Credit Documentation will contain customary protections for the Agent.

     

    The Credit Documentation shall contain customary
    provisions permitting the Borrower to replace (i) non-consenting Lenders in connection with amendments and waivers requiring the consent
    of all Lenders or of all Lenders directly and adversely affected thereby so long as Lenders holding more than 50% of the aggregate amount
    of the Credit Facility shall have consented thereto, and (ii) Lenders requesting certain tax indemnities and other compensation.

    

    

    

 

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    In addition, the Credit Documentation will contain
    customary “amend and extend” provisions pursuant to which the Borrower may extend a portion of the Credit Facility with only
    the consent of the respective extending lenders; it being understood that each Lender shall have the opportunity to participate in such
    extension on the same terms and conditions as each other Lender; provided that it is understood that no existing Lender
    will have any obligation to commit to any such extension.

	 	 
	INDEMNIFICATION, FEES & EXPENSES:	The Credit Documentation shall include customary expense reimbursement and indemnification provisions consistent with and substantially similar to the corresponding provisions of the Commitment Letter and subject to the Documentation Principles.
	 	 
	MISCELLANEOUS:	Customary for facilities of this type, including, without limitation, in respect of breakage or redeployment costs incurred in connection with prepayments, changes in capital adequacy and capital requirements or their interpretation, illegality, unavailability, reserves without proration or offset and payments free and clear of withholding or other taxes. In addition, the Credit Documentation shall include trust waiver language that is substantially similar to the corresponding provision of the Commitment Letter.  The Borrower and the Agent agree to consult in good faith to determine the value of the Lender Warrants for US federal income tax purposes and agree to take consistent positions on such value as determined by such good faith consultation.  
	 	 
	COUNSEL TO AGENT & INITIAL LENDER:	Latham & Watkins LLP.
	 	 
	GOVERNING LAW:	State of New York.

 

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ANNEX I TO SUMMARY TERMS AND CONDITIONS

CONDITIONS TO CLOSING AND FUNDING OF THE CREDIT
FACILITY

 

The funding of the Credit
Facility will be subject in all respects to the Funds Certain Provision and subject to satisfaction (or waiver by the Initial Lender)
of the following conditions precedent:

 

	1.	Execution and delivery to the Agent of (i) the Credit Documentation by the applicable Credit Parties party thereto, which shall be consistent with the Commitment Letter and subject to the Documentation Principles and (ii) customary legal opinions, customary officer’s closing, incumbency, perfection and solvency certificates and other officer certificates as reasonably requested by the Agent, lien searches, a customary borrowing notice, disbursement letter, the VCOC Letter, payoff letters (if applicable), evidence of the insurance coverage, certified charters, organizational documents  and good standing certificates from each Credit Party’s jurisdiction of organization.  In addition, and subject in all respects to the Funds Certain Provision, all documents and instruments required to create and perfect the Agent’s security interest in the Collateral shall have been executed and delivered and, if applicable, be in proper form for filing.
	 	 
	2.	The Domestication shall have been consummated in accordance with the terms of the Merger Agreement.  The Equity Transactions shall be consummated substantially concurrently with the funding of the Credit Facility.  Immediately after giving effect to the consummation of the Acquisition Transactions on the Closing Date, the Credit Parties shall have cash on hand of at least $30.0 million (pro forma for any payments required to be made in connection with the consummation of the Acquisition Transactions (assuming all Company Transactions Expenses (as defined in the Merger Agreement) and SPAC Transaction Expenses (as defined in the Merger Agreement) are properly invoiced (whether or not so invoiced)). 
	 	 
	3.	The Merger shall be consummated substantially concurrently with the funding of the Credit Facility in accordance in all material respects with the terms of the Merger Agreement.  After the date of this Commitment Letter, the Merger Agreement shall not be amended, supplemented or otherwise modified, or any condition set forth therein waived, after the date of the Merger Agreement and on or prior to the Closing Date, in each case, in a manner materially adverse to the Agent and the Lenders without the prior written consent of the Initial Lender (such consent not to be unreasonably withheld, delayed or conditioned); it being understood and agreed that any change to the definition of “Company Material Adverse Effect” shall be deemed to be materially adverse to the interests of the Agent and the Lenders.  
	 	 
	4.	The Agent shall have received  
	 	 
	 	(a)	audited financial statements of the Acquired Business for fiscal years 2019, 2020 and 2021,
	 	 	 
	 	(b)	interim quarterly financial statements of the Acquired Business for each fiscal quarter ending March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021 and interim monthly financial statements of Acquired Business for each fiscal month ending after January 1, 2022, through and including the most recent fiscal month ended at least 45 days prior to the Closing Date, and

 

     

     

    

 

	 	(c)	a
    pro forma consolidated balance sheet as to Holdings and its subsidiaries giving effect to the Acquisition Transactions as of the
    last day of the most recent financial statements delivered pursuant to the foregoing clause (b), prepared immediately after
    giving pro forma effect to the consummation of the Acquisition Transactions as if the Acquisition Transactions had occurred as of such
    date, which pro forma consolidated balance sheet need not be prepared in compliance with Regulation S-X of the Securities Act of 1933,
    as amended, or include adjustments for purchase accounting (including adjustments of the type contemplated by Financial Accounting Standards
    Board Accounting Standards Codification 805, Business Combinations (formerly SFAS 141R)), it being acknowledged and agreed that the condition
    described in this clause (c) shall be satisfied by delivery to the Agent of the pro forma financial statements that will
    be prepared in connection with obtaining regulatory approval for the consummation of the Acquisition Transactions.

 

	 	As of the date hereof, the Agent acknowledges that it has received the financial statements described in clause (a) and
the financial statements described in clause (b) for all periods ending on or prior to September 30, 2021.  
	 	 
	5.	There shall not have occurred any “Company Material Adverse Effect” (as defined in the Merger Agreement) after the date of the Merger Agreement the material adverse effects of which are continuing. 
	 	 
	6.	All fees required to be paid on the Closing Date pursuant to the Fee Letter and all fees and expenses of the Agent and the Initial Lender (including the fees and expenses of counsel for the Agent and the Initial Lender) that are required to be paid on the Closing Date pursuant to the Commitment Letter or the Fee Letter shall be paid substantially concurrently with the funding of the Credit Facility (which amounts may be offset against the proceeds of the funding of the Credit Facility).
	 	 
	7.	The Refinancing shall be consummated substantially concurrently with the funding of the Credit Facility. 
	 	 
	8.	The Credit Parties will have provided at least three (3) business days prior to the Closing Date the documentation and other information to the Lenders that is required by regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Patriot Act, to the extent requested at least ten (10) business days prior to the Closing Date.  In addition, the Agent shall have received beneficial ownership certifications with respect to the Credit Parties pursuant to the requirements of 31 C.F.R. § 1010.230 and, in certain “high-risk” circumstances, its internal beneficial ownership compliance procedures.
	 	 
	9. 	The Specified Representations shall be true and correct in all material respects and the Specified Acquisition Agreement Representations shall be true and correct in all material respects, in each case, to the extent required by the Funds Certain Provision.    

 

    2

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