Document:

Exhibit 10.2

 

FORM OF SUBSCRIPTION AGREEMENT 

(Foresite)

 

February 18, 2021

 

HighCape Capital Acquisition Corp.

452 Fifth Avenue, 21st Floor

New York, NY 10018

 

Quantum-SI Incorporated 

530 Old Whitfield Street 

Guilford, CT 06437

 

Ladies and Gentlemen:

 

In connection with
the proposed business combination (the “Transaction”) between HighCape Capital Acquisition Corp., a Delaware
corporation (the “Company”), and Quantum-SI Incorporated, a Delaware corporation (“Target”),
pursuant to that certain Business Combination Agreement, dated as of February 17, 2021 (as it may be amended, the “Transaction
Agreement”), by and among, the Company, Target and certain other parties named therein, the Company agrees to sell to
the Subscriber, and the Subscriber agrees to purchase from the Company [●] shares of the Company’s Class A Common
Stock, par value $0.0001 per share (the “Common Stock”), for a purchase price of $0.001 per share (the
 “Purchase Price”), in a private placement to be conducted by the Company (the “Offering”).
In connection therewith, the Subscriber and the Company agree in this subscription agreement (this “Subscription Agreement”)
as follows:

 

1.            Subscription.
As of the date written above, the Subscriber hereby subscribes for and agrees to purchase from the Company, and the Company agrees
to sell and issue to the Subscriber, such number of shares of Common Stock as is set forth on the signature page of this Subscription
Agreement (the “Shares”) at the Purchase Price per Share as indicated on the signature page, and on the terms
provided for herein. On or about the date of this Subscription Agreement, the Company is entering into subscription agreements
at the same price per Share as the Purchase Price (the “Other Subscription Agreements”) with certain other institutional
accredited investors affiliated with the Subscriber (the “Other Subscribers”).

 

2.            Closing;
Delivery of Shares.

 

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

 

(b)          The
Company shall provide written notice (which may be via email) to the Subscriber (the “Closing Notice”) that
the Company reasonably expects the Transaction Closing to occur on a date specified in the notice (the “Scheduled Closing
Date”) that is not less than five (5) business days from the date of the Closing Notice, which Closing Notice shall
contain the Company’s wire instructions for an escrow account (the “Escrow Account”) established by the
Company with a third party escrow agent (the “Escrow Agent”) to be identified in the Closing Notice. On or prior
to the Scheduled Closing Date, the Subscriber shall deliver to the Escrow Account the aggregate Purchase Price for the Shares subscribed
by wire transfer of United States dollars in immediately available funds. Upon the Closing, the Company shall provide instructions
to the Escrow Agent to release the funds in the Escrow Account to the Company against delivery to the Subscriber of the Shares,
free and clear of any liens or other restrictions whatsoever (other than those arising under state or federal securities laws),
in book-entry form as set forth in Section 2(c) below. If this Subscription Agreement is terminated prior to the
Closing and any funds have already been sent by the Subscriber to the Escrow Account, then promptly after such termination, the
Company will instruct the Escrow Agent to promptly return such funds to the Subscriber.

 

    	 		 

     

    

 

(c)           On
the Closing Date, promptly after the Closing, the Company shall deliver (or cause the delivery of) the Shares in book-entry form
with restrictive legends in the amount as set forth on the signature page to the Subscriber as indicated on the signature
page. In the event the Transaction Closing does not occur within three (3) business days of the Scheduled Closing Date, unless
otherwise instructed by the Subscriber, the Company shall promptly cause the Escrow Agent to return the Purchase Price to the Subscriber.

 

(d)          Notwithstanding
anything to the contrary herein, for any Subscriber that informs the Company (1) that it is an investment company registered
under the Investment Company Act of 1940, as amended, (2) that it is advised by an investment adviser subject to regulation
under the Investment Advisers Act of 1940, as amended, or (3) that its internal compliance policies and procedures so require
it, then, in lieu of the settlement procedures in the foregoing Section 2(b) and (c), the following shall
apply: such Subscriber shall deliver at 8:00 a.m. New York City time on the Closing Date (or as soon as practicable following
receipt of evidence from the Company’s transfer agent (the “Transfer Agent”) of the issuance to the Subscriber
of the Shares on and as of the Closing Date) the Purchase Price for the Shares by wire transfer of United States dollars in immediately
available funds to the account specified by the Company against delivery by the Company to the Subscriber of the Shares in book
entry form, free and clear of any liens or other restrictions (other than those arising under this Subscription Agreement or applicable
securities laws), in the name of the Subscriber and evidence from the Transfer Agent of the issuance to the Subscriber of the Shares
on and as of the Closing Date. In the event that the consummation of the Transaction does not occur within three (3) Business
Days after the anticipated Closing Date specified in the Closing Notice, the Company shall promptly return the funds so delivered
by the Subscriber to the Company by wire transfer in immediately available funds to the account specified by the Subscriber, and
any book entries shall be deemed cancelled.

 

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

 

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

 

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

 

(ii)           no
governmental authority of competent jurisdiction shall have rendered, issued, promulgated, enforced or entered any judgment, order,
law, rule or regulation (whether temporary, preliminary or permanent) which is then in effect and which then makes the consummation
of the transactions contemplated hereby illegal or then restrains or prohibits the consummation of the transactions contemplated
hereby, and

 

(iii)          all
conditions precedent to the Transaction Closing set forth in the Transaction Agreement shall have been satisfied or waived (other
than those conditions which, by their nature, are to be satisfied at the Transaction Closing).

 

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

 

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

 

(ii)           the
Subscriber shall have delivered the Purchase Price in compliance with the terms of this Subscription Agreement; and

 

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

 

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

 

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

 

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

 

(iii)          the
Shares shall have been approved for listing on Nasdaq (as defined below), subject to notice of issuance thereof; and

 

(iv)          there
shall have been no amendment, waiver or modification to the Other Subscription Agreements that materially benefits the Other Subscribers
thereunder unless the Subscriber has been offered substantially the same benefits.

 

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

 

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

 

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

 

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

 

(d)          The
execution, delivery and performance of this Subscription Agreement, including the issuance and sale of the Shares hereunder, and
the compliance by the Company with all of the provisions of this Subscription Agreement and the consummation of the transactions
herein will be done in accordance with the Nasdaq listing rules and will not (i) conflict with or result in a breach
or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any
lien, charge or encumbrance upon any of the property or assets of the Company or any of its subsidiaries pursuant to the terms
of any indenture, mortgage, deed of trust, loan agreement, license, lease or any other agreement or instrument to which the Company
or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property
or assets of the Company is subject, which would have a material adverse effect on the business, properties, financial condition,
stockholders’ equity or results of operations of the Company (a “Material Adverse Effect”) or materially
affect the validity of the Shares or the legal authority of the Company to comply in all material respects with the terms of this
Subscription Agreement; (ii) result in any violation of the provisions of the organizational documents of the Company; or
(iii) result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental
agency or body, domestic or foreign, having jurisdiction over the Company or any of its properties that would have a Material Adverse
Effect or materially affect the validity of the Shares or the legal authority of the Company to comply with this Subscription Agreement.

 

(e)           The
Company has not entered into any agreement or arrangement entitling any agent, broker, investment banker, financial advisor or
other person to any broker’s or finder’s fee or any other commission or similar fee in connection with the transactions
contemplated by this Subscription Agreement for which the Subscriber could become liable. Other than J.P. Morgan Securities LLC
(the “Placement Agent”) and Cantor Fitzgerald & Co. in its capacity as a co-placement agent, the Company
is not aware of any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in
connection with the sale of any shares of Common Stock in the Offering.

 

(f)           The
Company is not, and immediately after receipt of payment for the Shares, will not be, an “investment company” within
the meaning of the Investment Company Act of 1940, as amended.

 

(g)          Assuming
the accuracy of the Subscriber’s representations and warranties set forth in Section 5, in connection with the
offer, sale and delivery of the Shares in the manner contemplated by this Subscription Agreement, it is not necessary to register
the Shares under the Securities Act of 1933, as amended (the “Securities Act”).

 

(h)          The
Shares are not being offered in a manner involving a public offering under, or in a distribution in violation of, the Securities
Act or any state securities laws, and neither the Company nor any person acting on its behalf has engaged or will engage in any
form of general solicitation or general advertising (within the meaning of Regulation D under the Securities Act) in connection
with any offer or sale of Common Stock in the Offering.

 

(i)           The
Company is in compliance with all applicable laws, except where such non-compliance would not reasonably be expected to have an
Material Adverse Effect. The Company has not received any written communication from a governmental entity that alleges that the
Company is not in compliance with or is in default or violation of any applicable law, except where such non-compliance, default
or violation would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect.

 

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

 

(k)           Neither
the Company nor anyone acting on its behalf has offered the Shares or any similar securities for sale to, or solicited any offer
to buy the Shares or any similar securities from, or otherwise approached or negotiated in respect thereof with, any person other
than the Subscriber and a limited number of other accredited investors, each of which has been offered the Shares at a private
sale for investment. Neither the Company nor anyone acting on its behalf has taken, or will take, any action that would subject
the issuance or sale of the Shares to the registration requirements of section 5 of the Securities Act or to the registration requirements
of any securities or blue sky laws of any applicable jurisdiction.

 

(l)           The
Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority, self-regulatory organization, or other person in
connection with the execution, delivery and performance of this Subscription Agreement (including without limitation, the issuance
of the Shares), other than (i) filings required by applicable state securities laws, (ii) the filing of the Registration
Statement pursuant to Section 6, (iii) the filing of a Notice of Exempt Offering of Securities on Form D with the
United States Securities and Exchange Commission (“SEC”) under Regulation D under the Securities Act, and the rules and
regulations of the SEC promulgated thereunder, if applicable, (iv) those required by Nasdaq, including with respect to obtaining
stockholder approval, (v) those required to consummate the Transaction as provided under the Transaction Agreement, (vi) the
filing of notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, if applicable, and (vii) the
failure of which to obtain would not, individually or in the aggregate reasonably be expected to have a Material Adverse Effect.

 

(m)          A
copy of each report, statement, schedule, prospectus and registration statement filed by the Company prior to the date of this
Subscription Agreement (the “SEC Documents”) is available to the undersigned via the SEC’s EDGAR system.
As of their respective dates, each of the SEC Documents complied in all material respects with the requirements of the Securities
Act and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations of
the SEC promulgated thereunder, and none of the SEC Documents, when filed, contained any untrue statement of a material fact or
omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading. The financial statements of the Company included in the SEC Documents
comply in all material respects with applicable accounting requirements and the rules and regulations of the SEC with respect
thereto as in effect at the time of filing and fairly present in all material respects the financial position of the Company as
of and for the dates thereof and the results of operations and cash flows for the periods then ended, subject, in the case of unaudited
statements, to normal, year-end audit adjustments. There are no material outstanding or unresolved comments in comment letters
from the Staff of the SEC with respect to any of the SEC Documents.

 

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(n)          As
of the date hereof, the authorized share capital of the Company consists of (i) 400,000,000 shares of Common Stock, (ii) 20,000,000
shares of Class B common stock, par value $0.0001 per share (“Class B Shares”) and (iii) 1,000,000
shares of preferred stock, par value $0.0001 per share (“Preferred Shares”). As of the date hereof, (i) 11,905,000
shares of Common Stock, 2,875,0000 Class B Shares and no Preferred Shares are issued and outstanding, (ii) 3,968,333
warrants, each exercisable to purchase one share of Common Stock at $11.50 per share (“Warrants”), are issued and outstanding,
including 135,000 private placement warrants; and (iii) no shares of Common Stock are subject to issuance upon exercise of
outstanding options. No Warrants are exercisable on or prior to the Closing. All (A) issued and outstanding Common Stock and
Class B Shares have been duly authorized and validly issued, is fully paid and non-assessable and are not subject to preemptive
or similar rights and (B) outstanding Warrants have been duly authorized and validly issued, are fully paid and are not subject
to preemptive or similar rights.

 

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

 

(p)          The
issued and outstanding Common Stock is registered pursuant to Section 12(b) of the Exchange Act, and are listed for trading
on Nasdaq under the symbol “CAPA.” There is no suit, action, proceeding or investigation pending or, to the knowledge
of the Company, threatened against the Company by the Nasdaq or the SEC with respect to any intention by such entity to deregister
the Common Stock or prohibit or terminate the listing of the Common Stock on the Nasdaq. The Company has taken no action that is
designed to terminate the registration of the Common Stock under the Exchange Act.

 

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

 

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

 

(a)           At
the time the Subscriber was offered the Shares, it was, and as of the date hereof, the Subscriber is (i) is a “qualified
institutional buyer” (as defined in Rule 144A under the Securities Act) or an institutional “accredited investor”
(within the meaning of Rule 501(a)(1), (2), (3), (7), (8) or (9) of Regulation D under the Securities Act) as indicated
in the questionnaire attached as Exhibit A hereto, and (ii) acquiring the Shares only for its own account and
not for the account of others, and not on behalf of any other account or person or with a view to, or for offer or sale in connection
with, any distribution thereof in violation of the Securities Act. The Subscriber is not an entity formed for the specific purpose
of acquiring the Shares. Subscriber is an institutional account as defined in FINRA Rule 4512(c).  Subscriber understands
and acknowledges that the purchase and sale of the Shares hereunder meets (i) the exemptions from filing under FINRA Rule 5123(b)(1)(A) and
(ii) the institutional customer exemption under FINRA Rule 2111(b).

 

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(b)           The
Subscriber understands that the Shares are being offered in a transaction not involving any public offering within the meaning
of the Securities Act and that the Shares delivered at the Closing have not been, and will not be, registered under the Securities
Act. The Subscriber understands that the Shares may not be resold, transferred, pledged or otherwise disposed of by the Subscriber
absent an effective registration statement under the Securities Act except (i) to the Company or a subsidiary thereof, (ii) to
non-U.S. persons pursuant to offers and sales that occur outside the United States within the meaning of Regulation S under the
Securities Act or (iii) pursuant to another applicable exemption from the registration requirements of the Securities Act,
and in each of cases (i) and (iii) in accordance with any applicable securities laws of the states and other jurisdictions
of the United States, and that any certificates (if any) or any book-entry shares representing the Shares delivered at the Closing
shall contain a legend or restrictive notation to such effect. The Subscriber acknowledges that the Shares will not be eligible
for resale pursuant to Rule 144A promulgated under the Securities Act. The Subscriber further acknowledges that the Shares
will not be eligible for resale pursuant to Rule 144 promulgated under the Securities Act, until, among other requirements,
at least one year has elapsed from the time that the Company has filed current Form 10 information with the SEC reflecting
its status as an entity that is not a shell company. The Subscriber understands and agrees that the Shares will be subject to transfer
restrictions and, as a result of these transfer restrictions, the Subscriber may not be able to readily resell the Shares and may
be required to bear the financial risk of an investment in the Shares for an indefinite period of time. The Subscriber understands
that it has been advised to consult legal counsel prior to making any offer, resale, pledge or transfer of any of the Shares.

 

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

 

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

 

(e)           The
Subscriber acknowledges and agrees that the Subscriber has received such information as the Subscriber deems necessary in order
to make an investment decision with respect to the Shares. Without limiting the generality of the foregoing, the Subscriber acknowledges
that it has received and carefully reviewed the following items (collectively, the “Disclosure Documents”):
(i) the SEC Documents, (ii) the Transaction Agreement, a copy of which will be filed by the Company with the SEC and
(iii) the investor presentation by the Company and the Target, a copy of which will be furnished by the Company to the SEC.
The undersigned understands the significant extent to which certain of the disclosures contained in item (i) above shall not
apply following the Transaction Closing. The Subscriber represents and agrees that the Subscriber and the Subscriber’s professional
advisor(s), if any, have had the full opportunity to ask the Company’s management questions, receive such answers and obtain
such information as the Subscriber and such Subscriber’s professional advisor(s), if any, have deemed necessary to make an
investment decision with respect to the Shares. The Subscriber has conducted its own investigation of the Company, the Target and
the Shares and the Subscriber has made its own assessment and has satisfied itself concerning the relevant tax and other economic
considerations relevant to its investment in the Shares. Based on such information as the Subscriber has deemed appropriate and
without reliance upon the Company or the Placement Agent, the Subscriber has independently made its own analysis and decision to
enter into the Transaction. The Subscriber further acknowledges that the information contained in the Disclosure Documents is subject
to change, and that any changes to the information contained in the Disclosure Documents, including any changes based on updated
information or changes in terms of the Transaction, shall in no way affect the Subscriber’s obligation to purchase the Shares
hereunder, except as otherwise provided herein.

 

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(f)           The
Subscriber became aware of this Offering of the Shares solely by means of direct contact between the Subscriber and the Company,
the Placement Agent or a representative of the Company or the Placement Agent, and the Shares were offered to the Subscriber solely
by direct contact between the Subscriber and the Company, the Placement Agent or a representative of the Company or the Placement
Agent. The Subscriber acknowledges that the Company represents and warrants that the Shares (i) were not offered by any form
of general solicitation or general advertising and (ii) are not being offered in a manner involving a public offering under,
or in a distribution in violation of, the Securities Act, or any state securities laws. The Subscriber has a substantive pre-existing
relationship with the Company, Target or their respective affiliates or the Placement Agent for this Offering of the Shares. Neither
the Subscriber, nor any of its directors, officers, employees, agents, stockholders or partners has either directly or indirectly,
including through a broker or finder, (i) to its knowledge, engaged in any general solicitation, or (ii) published any
advertisement in connection with the Offering.

 

 

(g)          The
Subscriber acknowledges and agrees that (i) the Placement Agent has not made and will not make any representation or warranty,
whether express or implied, of any kind or character and has not provided any advice or recommendation in connection with the Transaction,
and (ii) the Placement Agent will have no responsibility with respect to (A) any representations, warranties or agreements
made by any person or entity under or in connection with the Transaction or any of the documents furnished pursuant thereto or
in connection therewith, or the execution, legality, validity or enforceability (with respect to any person) or any thereof, or
(B) the business, affairs, financial condition, operations, properties or prospects of, or any other matter concerning the
Company or the Transaction.

 

(h)          The
Subscriber acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares,
including those set forth in the SEC Documents. The Subscriber is able to fend for itself in the transactions contemplated herein
and has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of
an investment in the Shares, and the Subscriber has sought such accounting, legal and tax advice as the Subscriber has considered
necessary to make an informed investment decision.

 

(i)            Alone,
or together with any professional advisor(s), the Subscriber has adequately analyzed and fully considered the risks of an investment
in the Shares and determined that the Shares are a suitable investment for the Subscriber and that the Subscriber is able at this
time and in the foreseeable future to bear the economic risk of a total loss of the Subscriber’s investment in the Company.
The Subscriber acknowledges specifically that a possibility of total loss exists.

 

(j)            In
making its decision to purchase the Shares, the Subscriber has relied solely upon independent investigation made by the Subscriber
and the representations and warranties of the Company set forth herein. Without limiting the generality of the foregoing, the Subscriber
has not relied on any statements or other information provided by the Placement Agent concerning the Company, Target or the Shares
or the offer and sale of the Shares. The Placement Agent shall not have any liability or obligation (including without limitation,
for or with respect to any losses, claims, damages, obligations, penalties, judgments, awards, liabilities, costs, expenses or
disbursements incurred by the Subscriber, the Company or any other person or entity), whether in contract, tort or otherwise, to
the Subscriber, or to any person claiming through the Subscriber, in respect of the Transaction.

 

(k)           The
Subscriber understands and agrees that no federal or state agency has passed upon or endorsed the merits of this Offering of the
Shares or made any findings or determination as to the fairness of this investment or the accuracy or adequacy of the SEC Documents.

 

(l)            The
Subscriber has been duly formed or incorporated and is validly existing in good standing under the laws of its jurisdiction of
incorporation or formation.

 

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(m)          The
execution, delivery and performance by the Subscriber of this Subscription Agreement are within the powers of the Subscriber, have
been duly authorized and will not constitute or result in a breach or default under or conflict with any federal or state statute,
rule or regulation applicable to the Subscriber, any order, ruling or regulation of any court or other tribunal or of any
governmental commission or agency, or any agreement or other undertaking, to which the Subscriber is a party or by which the Subscriber
is bound, and, if the Subscriber is not an individual, will not violate any provisions of the Subscriber’s charter documents,
including its incorporation or formation papers, bylaws, indenture of trust or partnership or operating agreement, as may be applicable.
The signature on this Subscription Agreement is genuine, and the signatory, if the Subscriber is an individual, has legal competence
and capacity to execute the same or, if the Subscriber is not an individual the signatory has been duly authorized to execute the
same, and this Subscription Agreement constitutes a legal, valid and binding obligation of the Subscriber, enforceable against
the Subscriber in accordance with its terms.

 

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

 

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

 

(p)          The
Subscriber acknowledges that (i) no disclosure or offering document has been prepared by the Placement Agent in connection
with the offer and sale of the Shares, (ii) the Placement Agent and each of its members, directors, officers, employees, representatives
and controlling persons have made no independent investigation with respect to the Company or the Shares or the accuracy, completeness
or adequacy of any information supplied to the Subscriber by the Company, and (iii) in connection with the issue and purchase
of the Shares, the Placement Agent is acting solely as the Company’s placement agent in connection with the Transaction and
is not acting as an underwriter or in any other capacity and the Placement Agent has not acted as the Subscriber’s financial
advisor or fiduciary.

 

(q)          The
Subscriber acknowledges its obligations under applicable securities laws with respect to the treatment of non-public information
relating to the Company.

 

    	9	 	 

     

    

 

6.            Registration
Rights.

 

(a)          The
Company agrees that, within forty-five (45) calendar days after the Transaction Closing, the Company will file with the SEC (at
the Company’s sole cost and expense) a registration statement registering the resale of the Shares (the initial registration
statement and any other registration statement that may be filed by the Company under this Section 6, the “Registration
Statement”), and the Company shall use its commercially reasonable efforts to have the Registration Statement declared
effective as soon as practicable after the filing thereof, but no later than the earlier of (i) the 90th calendar day (or
120th calendar day if the SEC notifies the Company that it will “review” the Registration Statement) and (ii) the
10th business day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that the Registration
Statement will not be “reviewed” or will not be subject to further review. The Company will provide a draft of the
Registration Statement to Subscriber for review at least three (3) business days in advance of filing the Registration Statement,
and shall advise Subscriber upon the Registration Statement being declared effective by the SEC. Notwithstanding the foregoing,
if the SEC prevents the Company from including any or all of the shares proposed to be registered under the Registration Statement
due to limitations on the use of Rule 415 under the Securities Act for the resale of Shares by the applicable stockholders
or otherwise, such Registration Statement shall register for resale such number of Shares which is equal to the maximum number
of shares of Common Stock as is permitted to be registered by the SEC. In such event, the number of shares of Common Stock to be
registered for each selling stockholder named in the Registration Statement shall be reduced pro rata among all such selling stockholders.
In no event shall Subscriber be identified as a statutory underwriter in the Registration Statement without Subscriber’s
prior written consent. The Company agrees that the Company will cause such Registration Statement or another registration statement
(which may be a “shelf” registration statement) to remain effective until the earlier of (i) three years from
the date of effectiveness of the initial Registration Statement, (ii) the date on which the Subscriber ceases to hold the
Shares covered by such Registration Statement, or (iii) on the first date on which the Subscriber can sell all of its Shares
under Rule 144 of the Securities Act without limitation as to the manner of sale or the amount of such securities that may
be sold without the requirement for the Company to be in compliance with the current public information required under Rule 144(c)(i) (or
Rule 144(i)(2), if applicable). The Subscriber agrees to disclose its beneficial ownership, as determined in accordance with
Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of the Shares to the
Company (or its successor) upon request to assist the Company in making the determination described above. The Company’s
obligations to include the Shares in the Registration Statement are contingent upon the Subscriber furnishing in writing to the
Company such information regarding the Subscriber, the securities of the Company held by the Subscriber and the intended method
of disposition of the Shares as shall be reasonably requested by the Company to effect the registration of the Shares, and shall
execute such documents in connection with such registration as the Company may reasonably request that are customary of a selling
stockholder in similar situations, provided that Subscriber shall not in connection with the foregoing be required to execute
any lock-up or similar agreement or otherwise be subject to any contractual restriction on the ability to transfer the Shares.

 

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

 

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

 

(ii)            advise
Subscriber within three (3) business days:

 

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

 

    	10	 	 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	11	 	 

     

    

 

(c)           Notwithstanding
anything to the contrary contained herein, the Company may delay filing or suspend the use of any such registration statement if
it determines, upon advice of legal counsel, that in order for the registration statement to not contain a material misstatement
or omission, an amendment thereto or a supplement to the related prospectus would be needed, or if the Company’s board of
directors, upon advice of legal counsel, reasonably believes such filing or use could materially affect a bona fide business or
financing transaction of the Company or would require premature disclosure of information that could materially adversely affect
the Company and with respect to which the Company has a bona fide business purpose for keeping confidential (each such circumstance,
a “Suspension Event”); provided, that (i) the Company shall not so delay filing or so suspend the
use of the Registration Statement for a period of more than forty five (45) consecutive days or more than a total of ninety (90)
days or more than two (2) times, in each case in any three hundred sixty (360) day period and (ii) the Company shall
use commercially reasonable efforts to make such registration statement available for the sale by the Subscriber of such securities
as soon as practicable thereafter. Upon receipt of any written notice from the Company (which notice shall not contain any material
non-public information regarding the Company) of the happening of any Suspension Event during the period that the Registration
Statement is effective or if as a result of a Suspension Event the Registration Statement or related prospectus contains any untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made (in the case of the prospectus) not misleading, the Subscriber
agrees that it will (1) immediately discontinue offers and sales of the Shares under the Registration Statement until the
Subscriber receives (A) (i) copies of a supplemental or amended prospectus that corrects the misstatement(s) or
omission(s) referred to above and (ii) notice that any post-effective amendment has become effective or (B) notice
from the Company that it may resume such offers and sales, and (2) maintain the confidentiality of any information included
in such written notice delivered by the Company unless otherwise required by applicable law. If so directed by the Company, the
Subscriber will deliver to the Company or destroy all copies of the prospectus covering the Shares in the Subscriber’s possession;
provided, however, that this obligation to deliver or destroy all copies of the prospectus covering the Shares shall
not apply to (x) the extent the Subscriber is required to retain a copy of such prospectus (A) in order to comply with
applicable legal, regulatory, self-regulatory or professional requirements or (B) in accordance with a bona fide pre-existing
document retention policy or (y) copies stored electronically on archival servers as a result of automatic data back-up.

 

(d)          In
connection with any sale, assignment, transfer or other disposition of the Shares by Subscriber pursuant to Rule 144 or pursuant
to any other exemption under the Securities Act such that the Shares held by Subscriber become freely tradable, if requested by
Subscriber, the Company shall cause the Transfer Agent for the Shares to remove any restrictive legends related to the book entry
account holding such Shares and to make a new, unlegended entry for such book entry Shares sold or disposed of without restrictive
legends within three (3) trading days of any such request therefor from Subscriber. In connection therewith, if required by
the Transfer Agent, the Company shall promptly cause an opinion of counsel to be delivered to and maintained with the Transfer
Agent, together with any other authorizations, certificates and directions required by the Transfer Agent that authorize and direct
the Transfer Agent to issue such Shares without any such restrictive legend. Subscriber may request that the Company remove any
legend from the book entry position evidencing its Shares following the earliest of such time as such Shares (i) (A) are
subject to or (B) have been or are about to be sold or transferred pursuant to an effective registration statement, (ii) have
been or are about to be sold pursuant to Rule 144 or (iii) are eligible for resale under Rule 144(b)(1) or
any successor provision without the requirement for the Company to be in compliance with the current public information requirement
under Rule 144 and without volume or manner-of-sale restrictions applicable to the sale or transfer of such Shares. If restrictive
legends are no longer required for such Shares pursuant to the foregoing, the Company shall, in accordance with the provisions
of this section and within three (3) trading days of any request therefor from Subscriber, deliver to the Transfer Agent irrevocable
instructions that the Transfer Agent shall make a new, unlegended entry for such book entry Shares. The Company shall be responsible
for the fees of its Transfer Agent and all DTC fees associated with such issuance.

 

(e)          The
Company shall indemnify, defend and hold harmless Subscriber (to the extent a seller under the Registration Statement), the officers,
directors, trustees, agents, partners, members, managers, stockholders, affiliates, employees and investment advisers of each of
them, each person who controls Subscriber (within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act) and the officers, directors, trustees, agents, partners, members, managers, stockholders, affiliates, employees and
investment advisers of each such controlling person, to the fullest extent permitted by applicable law, from and against any and
all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation and investigation
and reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, that arise out of
or are based upon (i) any untrue or alleged untrue statement of a material fact contained in the Registration Statement, any
prospectus included in the Registration Statement or any form of prospectus or in any amendment or supplement thereto or in any
preliminary prospectus, or arising out of or relating to any omission or alleged omission to state a material fact required to
be stated therein or necessary to make the statements therein (in the case of any prospectus or form of prospectus or supplement
thereto, in light of the circumstances under which they were made) not misleading, or (ii) any violation or alleged violation
by the Company of the Securities Act, Exchange Act or any state securities law or any rule or regulation thereunder, in connection
with the performance of its obligations under this Section 6, except insofar as and to the extent, but only to the extent,
that such untrue statements, alleged untrue statements, omissions or alleged omissions are based solely upon information regarding
Subscriber furnished in writing to the Company by Subscriber expressly for use therein. The Company shall notify Subscriber promptly
of the institution, threat or assertion of any proceeding arising from or in connection with the transactions contemplated by this
Section 6 of which the Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of an indemnified party and shall survive the transfer of the Shares by Subscriber.

 

    	12	 	 

     

    

 

 

(f)            Subscriber
shall, severally and not jointly with any Other Subscriber, indemnify and hold harmless the Company, its directors, officers, agents
and employees, each person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20
of the Exchange Act), and the directors, officers, agents or employees of such controlling persons, to the fullest extent permitted
by applicable law, from and against all Losses, as incurred, arising out of or are based upon any untrue or alleged untrue statement
of a material fact contained in any Registration Statement, any prospectus included in the Registration Statement, or any form
of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any
omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the
case of any prospectus, or any form of prospectus or supplement thereto, in light of the circumstances under which they were made)
not misleading to the extent, but only to the extent, that such untrue statements or omissions are based solely upon information
regarding Subscriber furnished in writing to the Company by Subscriber expressly for use therein. In no event shall the liability
of Subscriber under this Section 6(e) be greater in amount than the dollar amount of the net proceeds received by Subscriber
upon the sale of the Shares giving rise to such indemnification obligation.

 

(g)            Any
person or entity entitled to indemnification herein shall (A) give prompt written notice to the indemnifying party of any
claim with respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s
or entity’s right to indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying
party) and (B) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified
and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim
with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not be
subject to any liability for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably
withheld, conditioned or delayed). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim
shall not be obligated to pay the fees and expenses of more than one counsel (in addition to local counsel) for all parties indemnified
by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of
interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. No indemnifying
party shall, without the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement which
cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the
terms of such settlement) or which settlement includes a statement or admission of fault and culpability on the part of such indemnified
party or which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party
of a release from all liability in respect to such claim or litigation, and in no event shall the liability of Subscriber under
this Section 6(g) be greater in amount than the dollar amount of the net proceeds received by Subscriber upon the sale
of the Shares giving rise to such indemnification obligation.

 

    13 

     

    

 

7.            Termination.
This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of the
parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earlier to
occur of: (a) the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement; (b) such
date and time as the Transaction Agreement is terminated in accordance with its terms; or (c) written notice by either party
to the other party to terminate this Subscription Agreement if the transactions contemplated by this Subscription Agreement are
not consummated on or prior to August 17, 2021; provided that (i) nothing herein will relieve any party from liability
for any willful breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity
to recover losses, liabilities or damages arising from such breach and (ii) the provisions of Sections 8 through 10
of this Subscription Agreement will survive any termination of this Subscription Agreement and continue indefinitely. The Company
shall notify the Subscriber of the termination of the Transaction Agreement promptly after the termination of such agreement. If
any termination hereof occurs after the delivery by the Subscriber of the aggregate Purchase Price for the Shares, the Company
shall promptly (but not later than three business days thereafter) return the aggregate Purchase Price to the Subscriber without
any deduction for or on account of any tax, withholding, charges, or set-off.

 

8.            Trust
Account Waiver. The Subscriber hereby represents and warrants that it has read the final prospectus of the Company, dated
as of September 30, 2020, and filed with the SEC (File no. 333-240283) on September 4, 2020 (the “Prospectus”),
and understands that the Company has established a trust account (the “Trust Account”) containing the proceeds
of its initial public offering (the “IPO”) and the overallotment shares acquired by its underwriters and from
certain private placements occurring simultaneously with the IPO (including interest accrued from time to time thereon) for the
benefit of the Company’s public stockholders (including overallotment shares acquired by the Company’s underwriters,
the “Public Stockholders”), and that, except as otherwise described in the Prospectus, the Company may disburse
monies from the Trust Account only: (a) to the Public Stockholders in the event they elect to redeem their Company shares
in connection with the consummation of the Company’s initial business combination (as such term is used in the Prospectus,
the “Business Combination”) or in connection with an extension of its deadline to consummate a Business Combination,
(b) to the Public Stockholders if the Company fails to consummate a Business Combination within 24 months after the closing
of the IPO, which is subject to extension by amendment to the Company’s organizational documents, (c) with respect to
any interest earned on the amounts held in the Trust Account, amounts necessary to pay for any franchise and income tax obligations
and up to $100,000 in dissolution expenses, or (d) to the Company after or concurrently with the consummation of a Business
Combination. For and in consideration of the Company entering into this Subscription Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Subscriber hereby agrees that, notwithstanding
anything to the contrary in this Subscription Agreement, the Subscriber does not now, or shall at any time hereafter, have any
right, title, interest or claim of any kind in or to any monies in the Trust Account or distributions therefrom, nor shall the
Subscriber make any claim against the Trust Account (including any distributions therefrom), regardless of whether such claim arises
as a result of, in connection with or relating in any way to, this Subscription Agreement, and regardless of whether such claim
arises based on contract, tort, equity or any other theory of legal liability (collectively, the “Released Claims”).
The Subscriber hereby irrevocably waives any Released Claims that the Subscriber may have against the Trust Account (including
any distributions therefrom) now or in the future as a result of, or arising out of, any negotiations, contracts or agreements
with the Company or its Representatives and will not seek recourse against the Trust Account (including any distributions therefrom)
for any reason whatsoever (including for an alleged breach of this Subscription Agreement or any other agreement with the Company
or its affiliates). The Subscriber agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement
and specifically relied upon by the Company and its affiliates to induce the Company to enter in this Subscription Agreement, and
the Subscriber further intends and understands such waiver to be valid, binding and enforceable against the Subscriber and each
of its affiliates under applicable law. To the extent the Subscriber commences any action or proceeding based upon, in connection
with, relating to or arising out of any matter relating to the Company or its Representatives, which proceeding seeks, in whole
or in part, monetary relief against the Company or its Representatives, the Subscriber hereby acknowledges and agrees that the
Subscriber’s and its affiliates’ sole remedy shall be against funds held outside of the Trust Account and that such
claim shall not permit the Subscriber or its affiliates (or any person claiming on any of their behalves or in lieu of any of them)
to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein. In the event
the Subscriber or any of its affiliates commences any action or proceeding based upon, in connection with, relating to or arising
out of any matter relating to the Company or its Representatives, which proceeding seeks, in whole or in part, relief against the
Trust Account (including any distributions therefrom) or the Public Stockholders, whether in the form of money damages or injunctive
relief, the Company and its Representatives, as applicable, shall be entitled to recover from the Subscriber and its affiliates
the associated legal fees and costs in connection with any such action in the event the Company or its Representatives, as applicable,
prevails in such action or proceeding. For purposes of this Subscription Agreement, “Representatives” with respect
to any person shall mean such person’s affiliates and its and its affiliate’s respective directors, officers, employees,
consultants, advisors, agents and other representatives. Notwithstanding anything to the contrary contained in this Subscription
Agreement, the provisions of this Section 8 shall survive the Closing or any termination of this Subscription Agreement
and last indefinitely.

 

    14 

     

    

 

9.            Miscellaneous.

 

(a)           Neither
this Subscription Agreement nor any rights that may accrue to the Subscriber hereunder (other than the Shares acquired hereunder,
if any, subject to applicable securities laws) may be transferred or assigned by the Subscriber without the prior written consent
of the Company, provided that Subscriber may transfer or assign all or a portion of its rights under this Subscription Agreement
to an affiliate or to any fund or account managed by the same investment manager as the Subscriber, provided further, that
the Subscriber shall provide notice to the Company upon such transfer. and any purported transfer or assignment in violation of
this Section 9(a) shall be null and void ab initio. Neither this Subscription Agreement nor any rights
that may accrue to the Company hereunder may be transferred or assigned (provided, that, for the avoidance of doubt, the Company
may transfer the Subscription Agreement and its rights hereunder in connection with the consummation of the Transaction).

 

(b)           The
Company may request from the Subscriber such additional information as the Company may deem necessary to evaluate the eligibility
of the Subscriber to acquire the Shares as may reasonably be requested, and the Subscriber shall provide such information to the
Company upon such request, provided that the Company agrees to keep any such information provided by Subscriber confidential,
except as may be required by applicable law, rule, regulation or in connection with any legal proceeding or regulatory request.

 

(c)           The
Subscriber acknowledges that the Company, the Placement Agent, the Target (following the Closing) and others will rely on the acknowledgments,
understandings, agreements, representations and warranties of the Subscriber contained in this Subscription Agreement. Prior to
the Closing, the Subscriber agrees to promptly notify the Company if any of the acknowledgments, understandings, agreements, representations
and warranties set forth herein are no longer accurate. The Subscriber agrees that the purchase by the Subscriber of Shares from
the Company will constitute a reaffirmation of the acknowledgments, understandings, agreements, representations and warranties
herein (as modified by any such notice) by the Subscriber as of the time of such purchase. The Subscriber acknowledges and agrees
that each of the Placement Agent and the Target (following the Closing) is a third-party beneficiary of the representations, warranties
and covenants of the Subscriber contained in Section 5 of this Subscription Agreement, and that the Target (following the
Closing) is otherwise an express third party beneficiary of this Agreement, entitled to enforce the terms hereof against Subscriber
as if it were an original party hereto. The Company acknowledges and agrees that the Placement Agent is a third-party beneficiary
of the representations, warranties and covenants of the Company contained in Section 4 of this Subscription Agreement. Except
as expressly set forth herein, this Subscription Agreement shall not confer any rights or remedies upon any person other than the
parties hereto, and their respective successor and assigns.

 

    15 

     

    

 

(d)           The
Company is entitled to rely upon this Subscription Agreement and is irrevocably authorized to produce this Subscription Agreement
or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters
covered hereby. The Subscriber acknowledges that the Company may file a copy of this Subscription Agreement with the SEC as an
exhibit to a periodic report or a registration statement of the Company. The Subscriber shall not issue any press release or make
any other similar public statement with respect to the transactions contemplated hereby without the prior written consent of the
Company (such consent not to be unreasonably withheld or delayed).

 

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

 

(f)            This
Subscription Agreement may not be amended, modified, waived or terminated except by an instrument in writing, signed by the party
against whom enforcement of such modification, waiver, or termination is sought.

 

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

 

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

 

(i)            If
any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability
of the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired thereby and shall continue
in full force and effect.

 

(j)            This
Subscription Agreement may be executed in one or more counterparts (including by facsimile or electronic mail or in .pdf) and by
different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document. All counterparts
so executed and delivered shall be construed together and shall constitute one and the same agreement.

 

(k)           The
parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Subscription Agreement
were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
shall be entitled to an injunction or injunctions to prevent breaches of this Subscription Agreement and to enforce specifically
the terms and provisions of this Subscription Agreement, this being in addition to any other remedy to which such party is entitled
at law, in equity, in contract, in tort or otherwise.

 

    16 

     

    

 

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

 

(m)          All
notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given (i) when
delivered in person, (ii) when delivered by facsimile or email, with affirmative confirmation of receipt, (iii) one business
day after being sent, if sent by reputable, internationally recognized overnight courier service or (iv) three (3) business
days after being mailed, if sent by registered or certified mail, prepaid and return receipt requested, in each case to the applicable
party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

	
        If to the Company, to:

        HighCape Capital Acquisition Corp.

        452 Fifth Avenue, 21st Floor

        New York, NY 10018

        Attn: Kevin Rakin

        Email: kevin.rakin@highcape.com

        Telephone No.: (646) 793-3510
	
        with copies (which shall not constitute
        notice) to:

        White & Case LLP

1221 Avenue of the Americas

New York, NY 10020

Attn: Joel L. Rubinstein

Email: joel.rubinstein@whitecase.com

Telephone No.: (212) 819-7642

	Notice to the Subscriber shall be given to the address underneath the Subscriber’s name on the signature page hereto.

 

(n)          The
headings set forth in this Subscription Agreement are for convenience of reference only and shall not be used in interpreting this
Subscription Agreement. In this Subscription Agreement, unless the context otherwise requires: (i) whenever required by the
context, any pronoun used in this Subscription Agreement shall include the corresponding masculine, feminine or neuter forms, and
the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (ii) “including” (and
with correlative meaning “include”) means including without limiting the generality of any description preceding or
succeeding such term and shall be deemed in each case to be followed by the words “without limitation”; and (iii) the
words “herein”, “hereto” and “hereby” and other words of similar import in this Subscription
Agreement shall be deemed in each case to refer to this Subscription Agreement as a whole and not to any particular portion of
this Subscription Agreement. As used in this Subscription Agreement, the term: (x) “business day” shall mean any
day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in New York, New York are authorized
to close for business (excluding as a result of “stay at home”, “shelter-in-place”, “non-essential
employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of
any governmental authority so long as the electronic funds transfer systems, including for wire transfers, of commercially banking
institutions in New York, New York are generally open for use by customers on such day); (y) “person” shall refer
to any individual, corporation, partnership, trust, limited liability company or other entity or association, including any governmental
or regulatory body, whether acting in an individual, fiduciary or any other capacity; and (z) “affiliate” shall
mean, with respect to any specified person, any other person or group of persons acting together that, directly or indirectly,
through one or more intermediaries controls, is controlled by or is under common control with such specified person (where the
term “control” (and any correlative terms) means the possession, direct or indirect, of the power to direct or cause
the direction of the management and policies of such person, whether through the ownership of voting securities, by contract or
otherwise). For the avoidance of doubt, any reference in this Subscription Agreement to an affiliate of the Company will include
the Company’s sponsor, HighCape Capital Acquisition LLC.

 

    17 

     

    

 

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

 

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

 

11.            Cutback.
Notwithstanding anything contrary herein, the Company, in its sole discretion, shall have the right to reduce the number of Shares
to be issued to the Subscriber pursuant to this Subscription Agreement, as long as the Company is reducing the number of shares
to be issued and sold to all investors pursuant to the other subscription agreements, on a pro rata basis. The Company or the Placement
Agent shall notify the Subscriber in writing at least two (2) business days in advance of Closing if it elects to reduce the
number of Shares to be issued and sold to the Subscriber pursuant to this Section 11.

 

12.            Disclosure.
The Company shall, by 9:00 a.m., New York City time, on the first (1st) Business Day immediately following the date of this Subscription
Agreement, issue one or more press releases or file with the SEC a Current Report on Form 8-K (collectively, the “Disclosure
Document”) disclosing all material terms of the transactions contemplated hereby and by the Other Subscription Agreements
and the Transaction and any other material, nonpublic information that the Company has provided to the Subscriber or any of the
Subscriber’s affiliates, attorneys, agents or representatives at any time prior to the filing of the Disclosure Document.
From and after the issuance of the Disclosure Document, to the Company’s actual knowledge, the Subscriber shall not be in
possession of any material, nonpublic information regarding the Company received from the Company or any of its officers, directors,
or employees or the Placement Agents, and Subscriber shall no longer be subject to any confidentiality or similar obligations under
any current agreement, whether written or oral with the Company, the Placement Agents or any of their respective affiliates in
connection with the Transaction. Notwithstanding anything in this Subscription Agreement to the contrary, the Company (i) shall
not publicly disclose the name of the Subscriber or any of its affiliates or advisers, or include the name of the Subscriber or
any of its affiliates or advisers in any press release, without the prior written consent of the Subscriber and (ii) shall
not publicly disclose the name of Subscriber or any of its affiliates or advisers, or include the name of the Subscriber or any
of its affiliates or advisers in any filing with the SEC or any regulatory agency or trading market, without the prior written
consent (including by e-mail) of the Subscriber, except as required by the federal securities laws, rules or regulations,
at the request of the staff of the SEC or regulatory agency or under the regulations of Nasdaq, in which case the Company shall
provide the Subscriber with prior written notice (including by e-mail) of such permitted disclosure. The Subscriber will promptly
provide any information reasonably requested by the Company or any of its affiliates for any regulatory application or filing made
or approval sought in connection with the Transaction (including filings with the SEC).

 

{SIGNATURE PAGES FOLLOW}

 

    18 

     

    

 

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

 

	 	HighCape Capital Acquisition Corp.
	   	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

{Signature
Page to Subscription Agreement}

 

     

     

    

 

{SUBSCRIBER SIGNATURE PAGE TO THE SUBSCRIPTION
AGREEMENT}

 

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

 

	Name(s) of Subscriber:	 	 

 

	Signature of Authorized Signatory of Subscriber:	 	 

 

	Name of Authorized Signatory:	 	 

 

	Title of Authorized Signatory:	 	 

 

	Address for Notice to Subscriber:	 

 

	 	 	 
	 	 	 
	 	 	 

 

	 	Attention:	 	 

 

		Email:	 	 

 

	 	Facsimile No.:	 	 

 

	 	Telephone No.:	 	 

 

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

 

	 	 	 
	 	 	 
	 	 	 

 

Subscription Amount:

 

Number of Shares:

 

	EIN Number:	 	 

 

     

     

    

 

Exhibit A

 

Accredited Investor Questionnaire

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

	_______	(vii) 	A Rural Business Investment Company as defined in section 384A of the Consolidated Farm and Rural Development Act;

 

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

 

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

 

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

 

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

 

    A-1 

     

    

 

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

 

		_______	(xiii)	 A “family office” as defined in Rule 202(a)(11)(G)-1 under the Investment Advisers Act with assets under management
in excess of $5,000,000 that is not formed for the specific purpose of acquiring the securities offered and whose prospective
investment is directed by a person who has such knowledge and experience in financial and business matters that such family office
is capable of evaluating the merits and risks of the prospective investment;

 

		_______	(xiv)	 A “family client” as defined in Rule 202(a)(11)(G)-1 under the Investment Advisers Act, of a family office meeting
the requirements set forth in (xviii) and whose prospective investment in the issuer is directed by a person from a family
office that is capable of evaluating the merits and risks of the prospective investment;

 

		_______	(xv)	An entity, of a type not listed above, not formed for the specific purpose of acquiring the securities offered, owning investments
in excess of $5,000,000; and/or

 

		_______	(xvi)	An entity in which all of the equity owners qualify as an accredited investor under any of the above subparagraphs.

 

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

 

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

 

		 ̈	Limited Partnership	
 ̈ 	General Partnership

 

		 ̈	Corporation       	 ̈ 	Revocable Trust

 

		 ̈	Other Type of Trust (indicate type): 	 	 	 	 	________________________

 

		 ̈	Other (indicate form of organization):    	  	 			__________________________

 

		2.2.1	Indicate the approximate date the Subscriber entity was formed: _____________________.

 

		2.2.2	Initial the line below which correctly describes the application of the following
statement to the Subscriber’s situation: the Subscriber (x) was not organized or reorganized for the specific purpose
of acquiring the Securities and (y) has made investments prior to the date hereof, and each beneficial owner thereof has and
will share in the investment in proportion to his or her ownership interest in the Subscriber.

 

__________      True

 

__________      False

 

    A-2 

     

    

 

If the “False” line
is initialed, each person participating in the entity will be required to fill out a Subscription Agreement.

 

	 	Subscriber:
	 	 
	 	Subscriber Name:	 

 

	 	 	By:	       
	 	 	Signatory Name:
	 	 	Signatory Title:

 

    A-3Exhibit 10.3

 

FORM OF SUBSCRIPTION AGREEMENT

 

(Foresite)

 

February 18, 2021

 

HighCape Capital Acquisition Corp.

452 Fifth Avenue, 21st Floor

New York, NY 10018

 

Quantum-SI Incorporated

 

530 Old Whitfield Street

 

Guilford, CT 06437

 

Ladies and Gentlemen:

 

In connection with
the proposed business combination (the “Transaction”) between HighCape Capital Acquisition Corp., a Delaware
corporation (the “Company”), and Quantum-SI Incorporated, a Delaware corporation (“Target”),
pursuant to that certain Business Combination Agreement, dated as of February 17, 2021 (as it may be amended, the “Transaction
Agreement”), by and among, the Company, Target and certain other parties named therein, the Company agrees to sell to
the Subscriber, and the Subscriber agrees to purchase from the Company [●] shares of the Company’s Class A Common
Stock, par value $0.0001 per share (the “Common Stock”), for a purchase price of $0.001 per share (the
 “Purchase Price”), in a private placement to be conducted by the Company (the “Offering”).
In connection therewith, the Subscriber and the Company agree in this subscription agreement (this “Subscription Agreement”)
as follows:

 

1.            Subscription.
As of the date written above, the Subscriber hereby subscribes for and agrees to purchase from the Company, and the Company agrees
to sell and issue to the Subscriber, such number of shares of Common Stock as is set forth on the signature page of this Subscription
Agreement (the “Shares”) at the Purchase Price per Share as indicated on the signature page, and on the terms
provided for herein. On or about the date of this Subscription Agreement, the Company is entering into subscription agreements
at the same price per Share as the Purchase Price (the “Other Subscription Agreements”) with certain other institutional
accredited investors affiliated with the Subscriber (the “Other Subscribers”).

 

2.            Closing;
Delivery of Shares.

 

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

 

(b)           The
Company shall provide written notice (which may be via email) to the Subscriber (the “Closing Notice”) that
the Company reasonably expects the Transaction Closing to occur on a date specified in the notice (the “Scheduled Closing
Date”) that is not less than five (5) business days from the date of the Closing Notice, which Closing Notice shall
contain the Company’s wire instructions for an escrow account (the “Escrow Account”) established by the
Company with a third party escrow agent (the “Escrow Agent”) to be identified in the Closing Notice. On or prior
to the Scheduled Closing Date, the Subscriber shall deliver to the Escrow Account the aggregate Purchase Price for the Shares subscribed
by wire transfer of United States dollars in immediately available funds. Upon the Closing, the Company shall provide instructions
to the Escrow Agent to release the funds in the Escrow Account to the Company against delivery to the Subscriber of the Shares,
free and clear of any liens or other restrictions whatsoever (other than those arising under state or federal securities laws),
in book-entry form as set forth in Section 2(c) below. If this Subscription Agreement is terminated prior to the
Closing and any funds have already been sent by the Subscriber to the Escrow Account, then promptly after such termination, the
Company will instruct the Escrow Agent to promptly return such funds to the Subscriber.

 

     

     

    

 

(c)           On
the Closing Date, promptly after the Closing, the Company shall deliver (or cause the delivery of) the Shares in book-entry form
with restrictive legends in the amount as set forth on the signature page to the Subscriber as indicated on the signature
page. In the event the Transaction Closing does not occur within three (3) business days of the Scheduled Closing Date, unless
otherwise instructed by the Subscriber, the Company shall promptly cause the Escrow Agent to return the Purchase Price to the Subscriber.

 

(d)           Notwithstanding
anything to the contrary herein, for any Subscriber that informs the Company (1) that it is an investment company registered
under the Investment Company Act of 1940, as amended, (2) that it is advised by an investment adviser subject to regulation
under the Investment Advisers Act of 1940, as amended, or (3) that its internal compliance policies and procedures so require
it, then, in lieu of the settlement procedures in the foregoing Section 2(b) and (c), the following shall
apply: such Subscriber shall deliver at 8:00 a.m. New York City time on the Closing Date (or as soon as practicable following
receipt of evidence from the Company’s transfer agent (the “Transfer Agent”) of the issuance to the Subscriber
of the Shares on and as of the Closing Date) the Purchase Price for the Shares by wire transfer of United States dollars in immediately
available funds to the account specified by the Company against delivery by the Company to the Subscriber of the Shares in book
entry form, free and clear of any liens or other restrictions (other than those arising under this Subscription Agreement or applicable
securities laws), in the name of the Subscriber and evidence from the Transfer Agent of the issuance to the Subscriber of the Shares
on and as of the Closing Date. In the event that the consummation of the Transaction does not occur within three (3) Business
Days after the anticipated Closing Date specified in the Closing Notice, the Company shall promptly return the funds so delivered
by the Subscriber to the Company by wire transfer in immediately available funds to the account specified by the Subscriber, and
any book entries shall be deemed cancelled.

 

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

 

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

 

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

 

(ii)           no
governmental authority of competent jurisdiction shall have rendered, issued, promulgated, enforced or entered any judgment, order,
law, rule or regulation (whether temporary, preliminary or permanent) which is then in effect and which then makes the consummation
of the transactions contemplated hereby illegal or then restrains or prohibits the consummation of the transactions contemplated
hereby, and

 

(iii)          all
conditions precedent to the Transaction Closing set forth in the Transaction Agreement shall have been satisfied or waived (other
than those conditions which, by their nature, are to be satisfied at the Transaction Closing).

 

    2

     

    

 

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

 

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

 

(ii)           the
Subscriber shall have delivered the Purchase Price in compliance with the terms of this Subscription Agreement; and

 

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

 

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

 

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

 

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

 

(iii)          the
Shares shall have been approved for listing on Nasdaq (as defined below), subject to notice of issuance thereof; and

 

(iv)          there
shall have been no amendment, waiver or modification to the Other Subscription Agreements that materially benefits the Other Subscribers
thereunder unless the Subscriber has been offered substantially the same benefits.

 

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

 

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

 

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

 

    3

     

    

 

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

 

(d)           The
execution, delivery and performance of this Subscription Agreement, including the issuance and sale of the Shares hereunder, and
the compliance by the Company with all of the provisions of this Subscription Agreement and the consummation of the transactions
herein will be done in accordance with the Nasdaq listing rules and will not (i) conflict with or result in a breach
or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any
lien, charge or encumbrance upon any of the property or assets of the Company or any of its subsidiaries pursuant to the terms
of any indenture, mortgage, deed of trust, loan agreement, license, lease or any other agreement or instrument to which the Company
or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property
or assets of the Company is subject, which would have a material adverse effect on the business, properties, financial condition,
stockholders’ equity or results of operations of the Company (a “Material Adverse Effect”) or materially
affect the validity of the Shares or the legal authority of the Company to comply in all material respects with the terms of this
Subscription Agreement; (ii) result in any violation of the provisions of the organizational documents of the Company; or
(iii) result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental
agency or body, domestic or foreign, having jurisdiction over the Company or any of its properties that would have a Material Adverse
Effect or materially affect the validity of the Shares or the legal authority of the Company to comply with this Subscription Agreement.

 

(e)           The
Company has not entered into any agreement or arrangement entitling any agent, broker, investment banker, financial advisor or
other person to any broker’s or finder’s fee or any other commission or similar fee in connection with the transactions
contemplated by this Subscription Agreement for which the Subscriber could become liable. Other than J.P. Morgan Securities LLC
(the “Placement Agent”) and Cantor Fitzgerald & Co. in its capacity as a co-placement agent, the Company
is not aware of any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in
connection with the sale of any shares of Common Stock in the Offering.

 

(f)            The
Company is not, and immediately after receipt of payment for the Shares, will not be, an “investment company” within
the meaning of the Investment Company Act of 1940, as amended.

 

(g)           Assuming
the accuracy of the Subscriber’s representations and warranties set forth in Section 5, in connection with the
offer, sale and delivery of the Shares in the manner contemplated by this Subscription Agreement, it is not necessary to register
the Shares under the Securities Act of 1933, as amended (the “Securities Act”).

 

(h)           The
Shares are not being offered in a manner involving a public offering under, or in a distribution in violation of, the Securities
Act or any state securities laws, and neither the Company nor any person acting on its behalf has engaged or will engage in any
form of general solicitation or general advertising (within the meaning of Regulation D under the Securities Act) in connection
with any offer or sale of Common Stock in the Offering.

 

(i)            The
Company is in compliance with all applicable laws, except where such non-compliance would not reasonably be expected to have an
Material Adverse Effect. The Company has not received any written communication from a governmental entity that alleges that the
Company is not in compliance with or is in default or violation of any applicable law, except where such non-compliance, default
or violation would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect.

 

    4

     

    

 

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

 

(k)           Neither
the Company nor anyone acting on its behalf has offered the Shares or any similar securities for sale to, or solicited any offer
to buy the Shares or any similar securities from, or otherwise approached or negotiated in respect thereof with, any person other
than the Subscriber and a limited number of other accredited investors, each of which has been offered the Shares at a private
sale for investment. Neither the Company nor anyone acting on its behalf has taken, or will take, any action that would subject
the issuance or sale of the Shares to the registration requirements of section 5 of the Securities Act or to the registration requirements
of any securities or blue sky laws of any applicable jurisdiction.

 

(l)            The
Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority, self-regulatory organization, or other person in
connection with the execution, delivery and performance of this Subscription Agreement (including without limitation, the issuance
of the Shares), other than (i) filings required by applicable state securities laws, (ii) the filing of the Registration
Statement pursuant to Section 6, (iii) the filing of a Notice of Exempt Offering of Securities on Form D with the
United States Securities and Exchange Commission (“SEC”) under Regulation D under the Securities Act, and the rules and
regulations of the SEC promulgated thereunder, if applicable, (iv) those required by Nasdaq, including with respect to obtaining
stockholder approval, (v) those required to consummate the Transaction as provided under the Transaction Agreement, (vi) the
filing of notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, if applicable, and (vii) the
failure of which to obtain would not, individually or in the aggregate reasonably be expected to have a Material Adverse Effect.

 

(m)          A
copy of each report, statement, schedule, prospectus and registration statement filed by the Company prior to the date of this
Subscription Agreement (the “SEC Documents”) is available to the undersigned via the SEC’s EDGAR system.
As of their respective dates, each of the SEC Documents complied in all material respects with the requirements of the Securities
Act and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations of
the SEC promulgated thereunder, and none of the SEC Documents, when filed, contained any untrue statement of a material fact or
omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading. The financial statements of the Company included in the SEC Documents
comply in all material respects with applicable accounting requirements and the rules and regulations of the SEC with respect
thereto as in effect at the time of filing and fairly present in all material respects the financial position of the Company as
of and for the dates thereof and the results of operations and cash flows for the periods then ended, subject, in the case of unaudited
statements, to normal, year-end audit adjustments. There are no material outstanding or unresolved comments in comment letters
from the Staff of the SEC with respect to any of the SEC Documents.

 

    5

     

    

 

(n)           As
of the date hereof, the authorized share capital of the Company consists of (i) 400,000,000 shares of Common Stock, (ii) 20,000,000
shares of Class B common stock, par value $0.0001 per share (“Class B Shares”) and (iii) 1,000,000
shares of preferred stock, par value $0.0001 per share (“Preferred Shares”). As of the date hereof, (i) 11,905,000
shares of Common Stock, 2,875,0000 Class B Shares and no Preferred Shares are issued and outstanding, (ii) 3,968,333
warrants, each exercisable to purchase one share of Common Stock at $11.50 per share (“Warrants”), are issued and outstanding,
including 135,000 private placement warrants; and (iii) no shares of Common Stock are subject to issuance upon exercise of
outstanding options. No Warrants are exercisable on or prior to the Closing. All (A) issued and outstanding Common Stock and
Class B Shares have been duly authorized and validly issued, is fully paid and non-assessable and are not subject to preemptive
or similar rights and (B) outstanding Warrants have been duly authorized and validly issued, are fully paid and are not subject
to preemptive or similar rights.

 

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

 

(p)           The
issued and outstanding Common Stock is registered pursuant to Section 12(b) of the Exchange Act, and are listed for trading
on Nasdaq under the symbol “CAPA.” There is no suit, action, proceeding or investigation pending or, to the knowledge
of the Company, threatened against the Company by the Nasdaq or the SEC with respect to any intention by such entity to deregister
the Common Stock or prohibit or terminate the listing of the Common Stock on the Nasdaq. The Company has taken no action that is
designed to terminate the registration of the Common Stock under the Exchange Act.

 

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

 

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

 

(a)           At
the time the Subscriber was offered the Shares, it was, and as of the date hereof, the Subscriber is (i) is a “qualified
institutional buyer” (as defined in Rule 144A under the Securities Act) or an institutional “accredited investor”
(within the meaning of Rule 501(a)(1), (2), (3), (7), (8) or (9) of Regulation D under the Securities Act) as indicated
in the questionnaire attached as Exhibit A hereto, and (ii) acquiring the Shares only for its own account and
not for the account of others, and not on behalf of any other account or person or with a view to, or for offer or sale in connection
with, any distribution thereof in violation of the Securities Act. The Subscriber is not an entity formed for the specific purpose
of acquiring the Shares. Subscriber is an institutional account as defined in FINRA Rule 4512(c).  Subscriber understands
and acknowledges that the purchase and sale of the Shares hereunder meets (i) the exemptions from filing under FINRA Rule 5123(b)(1)(A) and
(ii) the institutional customer exemption under FINRA Rule 2111(b).

 

    6

     

    

 

(b)           The
Subscriber understands that the Shares are being offered in a transaction not involving any public offering within the meaning
of the Securities Act and that the Shares delivered at the Closing have not been, and will not be, registered under the Securities
Act. The Subscriber understands that the Shares may not be resold, transferred, pledged or otherwise disposed of by the Subscriber
absent an effective registration statement under the Securities Act except (i) to the Company or a subsidiary thereof, (ii) to
non-U.S. persons pursuant to offers and sales that occur outside the United States within the meaning of Regulation S under the
Securities Act or (iii) pursuant to another applicable exemption from the registration requirements of the Securities Act,
and in each of cases (i) and (iii) in accordance with any applicable securities laws of the states and other jurisdictions
of the United States, and that any certificates (if any) or any book-entry shares representing the Shares delivered at the Closing
shall contain a legend or restrictive notation to such effect. The Subscriber acknowledges that the Shares will not be eligible
for resale pursuant to Rule 144A promulgated under the Securities Act. The Subscriber further acknowledges that the Shares
will not be eligible for resale pursuant to Rule 144 promulgated under the Securities Act, until, among other requirements,
at least one year has elapsed from the time that the Company has filed current Form 10 information with the SEC reflecting
its status as an entity that is not a shell company. The Subscriber understands and agrees that the Shares will be subject to transfer
restrictions and, as a result of these transfer restrictions, the Subscriber may not be able to readily resell the Shares and may
be required to bear the financial risk of an investment in the Shares for an indefinite period of time. The Subscriber understands
that it has been advised to consult legal counsel prior to making any offer, resale, pledge or transfer of any of the Shares.

 

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

 

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

 

(e)           The
Subscriber acknowledges and agrees that the Subscriber has received such information as the Subscriber deems necessary in order
to make an investment decision with respect to the Shares. Without limiting the generality of the foregoing, the Subscriber acknowledges
that it has received and carefully reviewed the following items (collectively, the “Disclosure Documents”):
(i) the SEC Documents, (ii) the Transaction Agreement, a copy of which will be filed by the Company with the SEC and
(iii) the investor presentation by the Company and the Target, a copy of which will be furnished by the Company to the SEC.
The undersigned understands the significant extent to which certain of the disclosures contained in item (i) above shall not
apply following the Transaction Closing. The Subscriber represents and agrees that the Subscriber and the Subscriber’s professional
advisor(s), if any, have had the full opportunity to ask the Company’s management questions, receive such answers and obtain
such information as the Subscriber and such Subscriber’s professional advisor(s), if any, have deemed necessary to make an
investment decision with respect to the Shares. The Subscriber has conducted its own investigation of the Company, the Target and
the Shares and the Subscriber has made its own assessment and has satisfied itself concerning the relevant tax and other economic
considerations relevant to its investment in the Shares. Based on such information as the Subscriber has deemed appropriate and
without reliance upon the Company or the Placement Agent, the Subscriber has independently made its own analysis and decision to
enter into the Transaction. The Subscriber further acknowledges that the information contained in the Disclosure Documents is subject
to change, and that any changes to the information contained in the Disclosure Documents, including any changes based on updated
information or changes in terms of the Transaction, shall in no way affect the Subscriber’s obligation to purchase the Shares
hereunder, except as otherwise provided herein.

 

    7

     

    

 

(f)            The
Subscriber became aware of this Offering of the Shares solely by means of direct contact between the Subscriber and the Company,
the Placement Agent or a representative of the Company or the Placement Agent, and the Shares were offered to the Subscriber solely
by direct contact between the Subscriber and the Company, the Placement Agent or a representative of the Company or the Placement
Agent. The Subscriber acknowledges that the Company represents and warrants that the Shares (i) were not offered by any form
of general solicitation or general advertising and (ii) are not being offered in a manner involving a public offering under,
or in a distribution in violation of, the Securities Act, or any state securities laws. The Subscriber has a substantive pre-existing
relationship with the Company, Target or their respective affiliates or the Placement Agent for this Offering of the Shares. Neither
the Subscriber, nor any of its directors, officers, employees, agents, stockholders or partners has either directly or indirectly,
including through a broker or finder, (i) to its knowledge, engaged in any general solicitation, or (ii) published any
advertisement in connection with the Offering.

  

(g)           The
Subscriber acknowledges and agrees that (i) the Placement Agent has not made and will not make any representation or warranty,
whether express or implied, of any kind or character and has not provided any advice or recommendation in connection with the Transaction,
and (ii) the Placement Agent will have no responsibility with respect to (A) any representations, warranties or agreements
made by any person or entity under or in connection with the Transaction or any of the documents furnished pursuant thereto or
in connection therewith, or the execution, legality, validity or enforceability (with respect to any person) or any thereof, or
(B) the business, affairs, financial condition, operations, properties or prospects of, or any other matter concerning the
Company or the Transaction.

 

(h)           The
Subscriber acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares,
including those set forth in the SEC Documents. The Subscriber is able to fend for itself in the transactions contemplated herein
and has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of
an investment in the Shares, and the Subscriber has sought such accounting, legal and tax advice as the Subscriber has considered
necessary to make an informed investment decision.

 

(i)            Alone,
or together with any professional advisor(s), the Subscriber has adequately analyzed and fully considered the risks of an investment
in the Shares and determined that the Shares are a suitable investment for the Subscriber and that the Subscriber is able at this
time and in the foreseeable future to bear the economic risk of a total loss of the Subscriber’s investment in the Company.
The Subscriber acknowledges specifically that a possibility of total loss exists.

 

(j)            In
making its decision to purchase the Shares, the Subscriber has relied solely upon independent investigation made by the Subscriber
and the representations and warranties of the Company set forth herein. Without limiting the generality of the foregoing, the Subscriber
has not relied on any statements or other information provided by the Placement Agent concerning the Company, Target or the Shares
or the offer and sale of the Shares. The Placement Agent shall not have any liability or obligation (including without limitation,
for or with respect to any losses, claims, damages, obligations, penalties, judgments, awards, liabilities, costs, expenses or
disbursements incurred by the Subscriber, the Company or any other person or entity), whether in contract, tort or otherwise, to
the Subscriber, or to any person claiming through the Subscriber, in respect of the Transaction.

 

(k)           The
Subscriber understands and agrees that no federal or state agency has passed upon or endorsed the merits of this Offering of the
Shares or made any findings or determination as to the fairness of this investment or the accuracy or adequacy of the SEC Documents.

 

(l)            The
Subscriber has been duly formed or incorporated and is validly existing in good standing under the laws of its jurisdiction of
incorporation or formation.

 

    8

     

    

 

(m)          The
execution, delivery and performance by the Subscriber of this Subscription Agreement are within the powers of the Subscriber, have
been duly authorized and will not constitute or result in a breach or default under or conflict with any federal or state statute,
rule or regulation applicable to the Subscriber, any order, ruling or regulation of any court or other tribunal or of any
governmental commission or agency, or any agreement or other undertaking, to which the Subscriber is a party or by which the Subscriber
is bound, and, if the Subscriber is not an individual, will not violate any provisions of the Subscriber’s charter documents,
including its incorporation or formation papers, bylaws, indenture of trust or partnership or operating agreement, as may be applicable.
The signature on this Subscription Agreement is genuine, and the signatory, if the Subscriber is an individual, has legal competence
and capacity to execute the same or, if the Subscriber is not an individual the signatory has been duly authorized to execute the
same, and this Subscription Agreement constitutes a legal, valid and binding obligation of the Subscriber, enforceable against
the Subscriber in accordance with its terms.

 

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

 

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

 

(p)           The
Subscriber acknowledges that (i) no disclosure or offering document has been prepared by the Placement Agent in connection
with the offer and sale of the Shares, (ii) the Placement Agent and each of its members, directors, officers, employees, representatives
and controlling persons have made no independent investigation with respect to the Company or the Shares or the accuracy, completeness
or adequacy of any information supplied to the Subscriber by the Company, and (iii) in connection with the issue and purchase
of the Shares, the Placement Agent is acting solely as the Company’s placement agent in connection with the Transaction and
is not acting as an underwriter or in any other capacity and the Placement Agent has not acted as the Subscriber’s financial
advisor or fiduciary.

 

(q)           The
Subscriber acknowledges its obligations under applicable securities laws with respect to the treatment of non-public information
relating to the Company.

 

    9

     

    

 

6.            Registration
Rights.

 

(a)           The
Company agrees that, within forty-five (45) calendar days after the Transaction Closing, the Company will file with the SEC (at
the Company’s sole cost and expense) a registration statement registering the resale of the Shares (the initial registration
statement and any other registration statement that may be filed by the Company under this Section 6, the “Registration
Statement”), and the Company shall use its commercially reasonable efforts to have the Registration Statement declared
effective as soon as practicable after the filing thereof, but no later than the earlier of (i) the 90th calendar day (or
120th calendar day if the SEC notifies the Company that it will “review” the Registration Statement) and (ii) the
10th business day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that the Registration
Statement will not be “reviewed” or will not be subject to further review. The Company will provide a draft of the
Registration Statement to Subscriber for review at least three (3) business days in advance of filing the Registration Statement,
and shall advise Subscriber upon the Registration Statement being declared effective by the SEC. Notwithstanding the foregoing,
if the SEC prevents the Company from including any or all of the shares proposed to be registered under the Registration Statement
due to limitations on the use of Rule 415 under the Securities Act for the resale of Shares by the applicable stockholders
or otherwise, such Registration Statement shall register for resale such number of Shares which is equal to the maximum number
of shares of Common Stock as is permitted to be registered by the SEC. In such event, the number of shares of Common Stock to be
registered for each selling stockholder named in the Registration Statement shall be reduced pro rata among all such selling stockholders.
In no event shall Subscriber be identified as a statutory underwriter in the Registration Statement without Subscriber’s
prior written consent. The Company agrees that the Company will cause such Registration Statement or another registration statement
(which may be a “shelf” registration statement) to remain effective until the earlier of (i) three years from
the date of effectiveness of the initial Registration Statement, (ii) the date on which the Subscriber ceases to hold the
Shares covered by such Registration Statement, or (iii) on the first date on which the Subscriber can sell all of its Shares
under Rule 144 of the Securities Act without limitation as to the manner of sale or the amount of such securities that may
be sold without the requirement for the Company to be in compliance with the current public information required under Rule 144(c)(i) (or
Rule 144(i)(2), if applicable). The Subscriber agrees to disclose its beneficial ownership, as determined in accordance with
Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of the Shares to the
Company (or its successor) upon request to assist the Company in making the determination described above. The Company’s
obligations to include the Shares in the Registration Statement are contingent upon the Subscriber furnishing in writing to the
Company such information regarding the Subscriber, the securities of the Company held by the Subscriber and the intended method
of disposition of the Shares as shall be reasonably requested by the Company to effect the registration of the Shares, and shall
execute such documents in connection with such registration as the Company may reasonably request that are customary of a selling
stockholder in similar situations, provided that Subscriber shall not in connection with the foregoing be required to execute
any lock-up or similar agreement or otherwise be subject to any contractual restriction on the ability to transfer the Shares.

  

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

 

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

 

    10

     

    

 

(ii)            advise
Subscriber within three (3) business days:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    11

     

    

 

(c)           Notwithstanding
anything to the contrary contained herein, the Company may delay filing or suspend the use of any such registration statement if
it determines, upon advice of legal counsel, that in order for the registration statement to not contain a material misstatement
or omission, an amendment thereto or a supplement to the related prospectus would be needed, or if the Company’s board of
directors, upon advice of legal counsel, reasonably believes such filing or use could materially affect a bona fide business or
financing transaction of the Company or would require premature disclosure of information that could materially adversely affect
the Company and with respect to which the Company has a bona fide business purpose for keeping confidential (each such circumstance,
a “Suspension Event”); provided, that (i) the Company shall not so delay filing or so suspend the
use of the Registration Statement for a period of more than forty five (45) consecutive days or more than a total of ninety (90)
days or more than two (2) times, in each case in any three hundred sixty (360) day period and (ii) the Company shall
use commercially reasonable efforts to make such registration statement available for the sale by the Subscriber of such securities
as soon as practicable thereafter. Upon receipt of any written notice from the Company (which notice shall not contain any material
non-public information regarding the Company) of the happening of any Suspension Event during the period that the Registration
Statement is effective or if as a result of a Suspension Event the Registration Statement or related prospectus contains any untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made (in the case of the prospectus) not misleading, the Subscriber
agrees that it will (1) immediately discontinue offers and sales of the Shares under the Registration Statement until the
Subscriber receives (A) (i) copies of a supplemental or amended prospectus that corrects the misstatement(s) or
omission(s) referred to above and (ii) notice that any post-effective amendment has become effective or (B) notice
from the Company that it may resume such offers and sales, and (2) maintain the confidentiality of any information included
in such written notice delivered by the Company unless otherwise required by applicable law. If so directed by the Company, the
Subscriber will deliver to the Company or destroy all copies of the prospectus covering the Shares in the Subscriber’s possession;
provided, however, that this obligation to deliver or destroy all copies of the prospectus covering the Shares shall
not apply to (x) the extent the Subscriber is required to retain a copy of such prospectus (A) in order to comply with
applicable legal, regulatory, self-regulatory or professional requirements or (B) in accordance with a bona fide pre-existing
document retention policy or (y) copies stored electronically on archival servers as a result of automatic data back-up.

 

(d)           In
connection with any sale, assignment, transfer or other disposition of the Shares by Subscriber pursuant to Rule 144 or pursuant
to any other exemption under the Securities Act such that the Shares held by Subscriber become freely tradable, if requested by
Subscriber, the Company shall cause the Transfer Agent for the Shares to remove any restrictive legends related to the book entry
account holding such Shares and to make a new, unlegended entry for such book entry Shares sold or disposed of without restrictive
legends within three (3) trading days of any such request therefor from Subscriber. In connection therewith, if required by
the Transfer Agent, the Company shall promptly cause an opinion of counsel to be delivered to and maintained with the Transfer
Agent, together with any other authorizations, certificates and directions required by the Transfer Agent that authorize and direct
the Transfer Agent to issue such Shares without any such restrictive legend. Subscriber may request that the Company remove any
legend from the book entry position evidencing its Shares following the earliest of such time as such Shares (i) (A) are
subject to or (B) have been or are about to be sold or transferred pursuant to an effective registration statement, (ii) have
been or are about to be sold pursuant to Rule 144 or (iii) are eligible for resale under Rule 144(b)(1) or
any successor provision without the requirement for the Company to be in compliance with the current public information requirement
under Rule 144 and without volume or manner-of-sale restrictions applicable to the sale or transfer of such Shares. If restrictive
legends are no longer required for such Shares pursuant to the foregoing, the Company shall, in accordance with the provisions
of this section and within three (3) trading days of any request therefor from Subscriber, deliver to the Transfer Agent irrevocable
instructions that the Transfer Agent shall make a new, unlegended entry for such book entry Shares. The Company shall be responsible
for the fees of its Transfer Agent and all DTC fees associated with such issuance.

 

    12

     

    

 

(e)           The
Company shall indemnify, defend and hold harmless Subscriber (to the extent a seller under the Registration Statement), the officers,
directors, trustees, agents, partners, members, managers, stockholders, affiliates, employees and investment advisers of each of
them, each person who controls Subscriber (within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act) and the officers, directors, trustees, agents, partners, members, managers, stockholders, affiliates, employees and
investment advisers of each such controlling person, to the fullest extent permitted by applicable law, from and against any and
all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation and investigation
and reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, that arise out of
or are based upon (i) any untrue or alleged untrue statement of a material fact contained in the Registration Statement, any
prospectus included in the Registration Statement or any form of prospectus or in any amendment or supplement thereto or in any
preliminary prospectus, or arising out of or relating to any omission or alleged omission to state a material fact required to
be stated therein or necessary to make the statements therein (in the case of any prospectus or form of prospectus or supplement
thereto, in light of the circumstances under which they were made) not misleading, or (ii) any violation or alleged violation
by the Company of the Securities Act, Exchange Act or any state securities law or any rule or regulation thereunder, in connection
with the performance of its obligations under this Section 6, except insofar as and to the extent, but only to the extent,
that such untrue statements, alleged untrue statements, omissions or alleged omissions are based solely upon information regarding
Subscriber furnished in writing to the Company by Subscriber expressly for use therein. The Company shall notify Subscriber promptly
of the institution, threat or assertion of any proceeding arising from or in connection with the transactions contemplated by this
Section 6 of which the Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of an indemnified party and shall survive the transfer of the Shares by Subscriber.

 

(f)            Subscriber
shall, severally and not jointly with any Other Subscriber, indemnify and hold harmless the Company, its directors, officers, agents
and employees, each person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20
of the Exchange Act), and the directors, officers, agents or employees of such controlling persons, to the fullest extent permitted
by applicable law, from and against all Losses, as incurred, arising out of or are based upon any untrue or alleged untrue statement
of a material fact contained in any Registration Statement, any prospectus included in the Registration Statement, or any form
of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any
omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the
case of any prospectus, or any form of prospectus or supplement thereto, in light of the circumstances under which they were made)
not misleading to the extent, but only to the extent, that such untrue statements or omissions are based solely upon information
regarding Subscriber furnished in writing to the Company by Subscriber expressly for use therein. In no event shall the liability
of Subscriber under this Section 6(e) be greater in amount than the dollar amount of the net proceeds received by Subscriber
upon the sale of the Shares giving rise to such indemnification obligation.

 

(g)           Any
person or entity entitled to indemnification herein shall (A) give prompt written notice to the indemnifying party of any
claim with respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s
or entity’s right to indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying
party) and (B) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified
and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim
with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not be
subject to any liability for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably
withheld, conditioned or delayed). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim
shall not be obligated to pay the fees and expenses of more than one counsel (in addition to local counsel) for all parties indemnified
by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of
interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. No indemnifying
party shall, without the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement which
cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the
terms of such settlement) or which settlement includes a statement or admission of fault and culpability on the part of such indemnified
party or which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party
of a release from all liability in respect to such claim or litigation, and in no event shall the liability of Subscriber under
this Section 6(g) be greater in amount than the dollar amount of the net proceeds received by Subscriber upon the sale
of the Shares giving rise to such indemnification obligation.

 

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7.            Termination.
This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of the
parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earlier to
occur of: (a) the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement; (b) such
date and time as the Transaction Agreement is terminated in accordance with its terms; or (c) written notice by either party
to the other party to terminate this Subscription Agreement if the transactions contemplated by this Subscription Agreement are
not consummated on or prior to August 17, 2021; provided that (i) nothing herein will relieve any party from liability
for any willful breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity
to recover losses, liabilities or damages arising from such breach and (ii) the provisions of Sections 8 through 10
of this Subscription Agreement will survive any termination of this Subscription Agreement and continue indefinitely. The Company
shall notify the Subscriber of the termination of the Transaction Agreement promptly after the termination of such agreement. If
any termination hereof occurs after the delivery by the Subscriber of the aggregate Purchase Price for the Shares, the Company
shall promptly (but not later than three business days thereafter) return the aggregate Purchase Price to the Subscriber without
any deduction for or on account of any tax, withholding, charges, or set-off.

 

8.            Trust
Account Waiver. The Subscriber hereby represents and warrants that it has read the final prospectus of the Company,
dated as of September 30, 2020, and filed with the SEC (File no. 333-240283) on September 4, 2020 (the “Prospectus”),
and understands that the Company has established a trust account (the “Trust Account”) containing the proceeds
of its initial public offering (the “IPO”) and the overallotment shares acquired by its underwriters and from
certain private placements occurring simultaneously with the IPO (including interest accrued from time to time thereon) for the
benefit of the Company’s public stockholders (including overallotment shares acquired by the Company’s underwriters,
the “Public Stockholders”), and that, except as otherwise described in the Prospectus, the Company may disburse
monies from the Trust Account only: (a) to the Public Stockholders in the event they elect to redeem their Company shares
in connection with the consummation of the Company’s initial business combination (as such term is used in the Prospectus,
the “Business Combination”) or in connection with an extension of its deadline to consummate a Business Combination,
(b) to the Public Stockholders if the Company fails to consummate a Business Combination within 24 months after the closing
of the IPO, which is subject to extension by amendment to the Company’s organizational documents, (c) with respect to
any interest earned on the amounts held in the Trust Account, amounts necessary to pay for any franchise and income tax obligations
and up to $100,000 in dissolution expenses, or (d) to the Company after or concurrently with the consummation of a Business
Combination. For and in consideration of the Company entering into this Subscription Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Subscriber hereby agrees that, notwithstanding
anything to the contrary in this Subscription Agreement, the Subscriber does not now, or shall at any time hereafter, have any
right, title, interest or claim of any kind in or to any monies in the Trust Account or distributions therefrom, nor shall the
Subscriber make any claim against the Trust Account (including any distributions therefrom), regardless of whether such claim arises
as a result of, in connection with or relating in any way to, this Subscription Agreement, and regardless of whether such claim
arises based on contract, tort, equity or any other theory of legal liability (collectively, the “Released Claims”).
The Subscriber hereby irrevocably waives any Released Claims that the Subscriber may have against the Trust Account (including
any distributions therefrom) now or in the future as a result of, or arising out of, any negotiations, contracts or agreements
with the Company or its Representatives and will not seek recourse against the Trust Account (including any distributions therefrom)
for any reason whatsoever (including for an alleged breach of this Subscription Agreement or any other agreement with the Company
or its affiliates). The Subscriber agrees and acknowledges that such irrevocable waiver is material to this Subscription Agreement
and specifically relied upon by the Company and its affiliates to induce the Company to enter in this Subscription Agreement, and
the Subscriber further intends and understands such waiver to be valid, binding and enforceable against the Subscriber and each
of its affiliates under applicable law. To the extent the Subscriber commences any action or proceeding based upon, in connection
with, relating to or arising out of any matter relating to the Company or its Representatives, which proceeding seeks, in whole
or in part, monetary relief against the Company or its Representatives, the Subscriber hereby acknowledges and agrees that the
Subscriber’s and its affiliates’ sole remedy shall be against funds held outside of the Trust Account and that such
claim shall not permit the Subscriber or its affiliates (or any person claiming on any of their behalves or in lieu of any of them)
to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein. In the event
the Subscriber or any of its affiliates commences any action or proceeding based upon, in connection with, relating to or arising
out of any matter relating to the Company or its Representatives, which proceeding seeks, in whole or in part, relief against the
Trust Account (including any distributions therefrom) or the Public Stockholders, whether in the form of money damages or injunctive
relief, the Company and its Representatives, as applicable, shall be entitled to recover from the Subscriber and its affiliates
the associated legal fees and costs in connection with any such action in the event the Company or its Representatives, as applicable,
prevails in such action or proceeding. For purposes of this Subscription Agreement, “Representatives” with respect
to any person shall mean such person’s affiliates and its and its affiliate’s respective directors, officers, employees,
consultants, advisors, agents and other representatives. Notwithstanding anything to the contrary contained in this Subscription
Agreement, the provisions of this Section 8 shall survive the Closing or any termination of this Subscription Agreement
and last indefinitely.

 

    14

     

    

 

9.             Miscellaneous.

 

(a)            Neither
this Subscription Agreement nor any rights that may accrue to the Subscriber hereunder (other than the Shares acquired hereunder,
if any, subject to applicable securities laws) may be transferred or assigned by the Subscriber without the prior written consent
of the Company, provided that Subscriber may transfer or assign all or a portion of its rights under this Subscription Agreement
to an affiliate or to any fund or account managed by the same investment manager as the Subscriber, provided further, that
the Subscriber shall provide notice to the Company upon such transfer. and any purported transfer or assignment in violation of
this Section 9(a) shall be null and void ab initio. Neither this Subscription Agreement nor any rights
that may accrue to the Company hereunder may be transferred or assigned (provided, that, for the avoidance of doubt, the Company
may transfer the Subscription Agreement and its rights hereunder in connection with the consummation of the Transaction).

 

(b)           The
Company may request from the Subscriber such additional information as the Company may deem necessary to evaluate the eligibility
of the Subscriber to acquire the Shares as may reasonably be requested, and the Subscriber shall provide such information to the
Company upon such request, provided that the Company agrees to keep any such information provided by Subscriber confidential,
except as may be required by applicable law, rule, regulation or in connection with any legal proceeding or regulatory request.

 

(c)           The
Subscriber acknowledges that the Company, the Placement Agent, the Target (following the Closing) and others will rely on the acknowledgments,
understandings, agreements, representations and warranties of the Subscriber contained in this Subscription Agreement. Prior to
the Closing, the Subscriber agrees to promptly notify the Company if any of the acknowledgments, understandings, agreements, representations
and warranties set forth herein are no longer accurate. The Subscriber agrees that the purchase by the Subscriber of Shares from
the Company will constitute a reaffirmation of the acknowledgments, understandings, agreements, representations and warranties
herein (as modified by any such notice) by the Subscriber as of the time of such purchase. The Subscriber acknowledges and agrees
that each of the Placement Agent and the Target (following the Closing) is a third-party beneficiary of the representations, warranties
and covenants of the Subscriber contained in Section 5 of this Subscription Agreement, and that the Target (following the
Closing) is otherwise an express third party beneficiary of this Agreement, entitled to enforce the terms hereof against Subscriber
as if it were an original party hereto. The Company acknowledges and agrees that the Placement Agent is a third-party beneficiary
of the representations, warranties and covenants of the Company contained in Section 4 of this Subscription Agreement. Except
as expressly set forth herein, this Subscription Agreement shall not confer any rights or remedies upon any person other than the
parties hereto, and their respective successor and assigns.

 

    15

     

    

 

(d)            The
Company is entitled to rely upon this Subscription Agreement and is irrevocably authorized to produce this Subscription Agreement
or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters
covered hereby. The Subscriber acknowledges that the Company may file a copy of this Subscription Agreement with the SEC as an
exhibit to a periodic report or a registration statement of the Company. The Subscriber shall not issue any press release or make
any other similar public statement with respect to the transactions contemplated hereby without the prior written consent of the
Company (such consent not to be unreasonably withheld or delayed).

 

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

 

(f)            This
Subscription Agreement may not be amended, modified, waived or terminated except by an instrument in writing, signed by the party
against whom enforcement of such modification, waiver, or termination is sought.

 

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

 

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

 

(i)            If
any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability
of the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired thereby and shall continue
in full force and effect.

 

(j)            This
Subscription Agreement may be executed in one or more counterparts (including by facsimile or electronic mail or in .pdf) and by
different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document. All counterparts
so executed and delivered shall be construed together and shall constitute one and the same agreement.

 

(k)           The
parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Subscription Agreement
were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
shall be entitled to an injunction or injunctions to prevent breaches of this Subscription Agreement and to enforce specifically
the terms and provisions of this Subscription Agreement, this being in addition to any other remedy to which such party is entitled
at law, in equity, in contract, in tort or otherwise.

 

    16

     

    

 

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

 

(m)            All
notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given (i) when
delivered in person, (ii) when delivered by facsimile or email, with affirmative confirmation of receipt, (iii) one business
day after being sent, if sent by reputable, internationally recognized overnight courier service or (iv) three (3) business
days after being mailed, if sent by registered or certified mail, prepaid and return receipt requested, in each case to the applicable
party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

	
         

        If to the Company, to:

        HighCape Capital Acquisition Corp.

        452 Fifth Avenue, 21st Floor

        New York, NY 10018

        Attn: Kevin Rakin

        Email: kevin.rakin@highcape.com

        Telephone No.: (646) 793-3510

        

        
	
         

        with copies (which shall not constitute
        notice) to:

        White & Case LLP

        1221 Avenue of the Americas

        New York, NY 10020

        Attn: Joel L. Rubinstein

        Email: joel.rubinstein@whitecase.com

        Telephone No.: (212) 819-7642

         

	Notice to the Subscriber shall be given to the address underneath the Subscriber’s name on the signature page hereto.

 

(n)           The
headings set forth in this Subscription Agreement are for convenience of reference only and shall not be used in interpreting this
Subscription Agreement. In this Subscription Agreement, unless the context otherwise requires: (i) whenever required by the
context, any pronoun used in this Subscription Agreement shall include the corresponding masculine, feminine or neuter forms, and
the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (ii) “including” (and
with correlative meaning “include”) means including without limiting the generality of any description preceding or
succeeding such term and shall be deemed in each case to be followed by the words “without limitation”; and (iii) the
words “herein”, “hereto” and “hereby” and other words of similar import in this Subscription
Agreement shall be deemed in each case to refer to this Subscription Agreement as a whole and not to any particular portion of
this Subscription Agreement. As used in this Subscription Agreement, the term: (x) “business day” shall mean any
day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in New York, New York are authorized
to close for business (excluding as a result of “stay at home”, “shelter-in-place”, “non-essential
employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of
any governmental authority so long as the electronic funds transfer systems, including for wire transfers, of commercially banking
institutions in New York, New York are generally open for use by customers on such day); (y) “person” shall refer
to any individual, corporation, partnership, trust, limited liability company or other entity or association, including any governmental
or regulatory body, whether acting in an individual, fiduciary or any other capacity; and (z) “affiliate” shall
mean, with respect to any specified person, any other person or group of persons acting together that, directly or indirectly,
through one or more intermediaries controls, is controlled by or is under common control with such specified person (where the
term “control” (and any correlative terms) means the possession, direct or indirect, of the power to direct or cause
the direction of the management and policies of such person, whether through the ownership of voting securities, by contract or
otherwise). For the avoidance of doubt, any reference in this Subscription Agreement to an affiliate of the Company will include
the Company’s sponsor, HighCape Capital Acquisition LLC.

 

    17

     

    

 

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

 

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

 

11.          Cutback.
Notwithstanding anything contrary herein, the Company, in its sole discretion, shall have the right to reduce the number of Shares
to be issued to the Subscriber pursuant to this Subscription Agreement, as long as the Company is reducing the number of shares
to be issued and sold to all investors pursuant to the other subscription agreements, on a pro rata basis. The Company or the Placement
Agent shall notify the Subscriber in writing at least two (2) business days in advance of Closing if it elects to reduce the
number of Shares to be issued and sold to the Subscriber pursuant to this Section 11.

 

12.          Disclosure.
The Company shall, by 9:00 a.m., New York City time, on the first (1st) Business Day immediately following the date of this Subscription
Agreement, issue one or more press releases or file with the SEC a Current Report on Form 8-K (collectively, the “Disclosure
Document”) disclosing all material terms of the transactions contemplated hereby and by the Other Subscription Agreements
and the Transaction and any other material, nonpublic information that the Company has provided to the Subscriber or any of the
Subscriber’s affiliates, attorneys, agents or representatives at any time prior to the filing of the Disclosure Document.
From and after the issuance of the Disclosure Document, to the Company’s actual knowledge, the Subscriber shall not be in
possession of any material, nonpublic information regarding the Company received from the Company or any of its officers, directors,
or employees or the Placement Agents, and Subscriber shall no longer be subject to any confidentiality or similar obligations under
any current agreement, whether written or oral with the Company, the Placement Agents or any of their respective affiliates in
connection with the Transaction. Notwithstanding anything in this Subscription Agreement to the contrary, the Company (i) shall
not publicly disclose the name of the Subscriber or any of its affiliates or advisers, or include the name of the Subscriber or
any of its affiliates or advisers in any press release, without the prior written consent of the Subscriber and (ii) shall
not publicly disclose the name of Subscriber or any of its affiliates or advisers, or include the name of the Subscriber or any
of its affiliates or advisers in any filing with the SEC or any regulatory agency or trading market, without the prior written
consent (including by e-mail) of the Subscriber, except as required by the federal securities laws, rules or regulations,
at the request of the staff of the SEC or regulatory agency or under the regulations of Nasdaq, in which case the Company shall
provide the Subscriber with prior written notice (including by e-mail) of such permitted disclosure. The Subscriber will promptly
provide any information reasonably requested by the Company or any of its affiliates for any regulatory application or filing made
or approval sought in connection with the Transaction (including filings with the SEC).

 

{SIGNATURE PAGES FOLLOW}

    18

     

    

 

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

 

HighCape
Capital Acquisition Corp.

 

		By:	
	 	 	Name:
	 	 	Title:

 

{Signature
Page to Subscription Agreement}

 

    

     

    

 

{SUBSCRIBER SIGNATURE PAGE TO THE SUBSCRIPTION
AGREEMENT}

 

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

 

	Name(s) of Subscriber:	 	 

 

	Signature of Authorized Signatory of Subscriber:	 	 

 

	Name of Authorized Signatory:	 	 

 

	Title of Authorized Signatory:	 	 

 

	Address for Notice to Subscriber:	 

 

	 	 	 
	 	 	 
	 	 	 

 

	 	Attention:	 	 

 

		Email:	 	 

 

	 	Facsimile No.:	 	 

 

	 	Telephone No.:	 	 

 

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

 

	 	 	 
	 	 	 
	 	 	 

 

Subscription Amount:

 

Number of Shares:

 

	EIN Number:	 	 

 

     

     

    

 

Exhibit A

 

Accredited Investor Questionnaire

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

	_______	(vii) 	A Rural Business Investment Company as defined in section 384A of the Consolidated Farm and Rural Development Act;

 

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

 

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

 

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

 

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

 

    A-1 

     

    

 

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

 

		_______	(xiii)	 A “family office” as defined in Rule 202(a)(11)(G)-1 under the Investment Advisers Act with assets under management
in excess of $5,000,000 that is not formed for the specific purpose of acquiring the securities offered and whose prospective
investment is directed by a person who has such knowledge and experience in financial and business matters that such family office
is capable of evaluating the merits and risks of the prospective investment;

 

		_______	(xiv)	 A “family client” as defined in Rule 202(a)(11)(G)-1 under the Investment Advisers Act, of a family office meeting
the requirements set forth in (xviii) and whose prospective investment in the issuer is directed by a person from a family
office that is capable of evaluating the merits and risks of the prospective investment;

 

		_______	(xv)	An entity, of a type not listed above, not formed for the specific purpose of acquiring the securities offered, owning investments
in excess of $5,000,000; and/or

 

		_______	(xvi)	An entity in which all of the equity owners qualify as an accredited investor under any of the above subparagraphs.

 

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

 

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

 

		 ̈	Limited Partnership	
 ̈ 	General Partnership

 

		 ̈	Corporation       	 ̈ 	Revocable Trust

 

		 ̈	Other Type of Trust (indicate type): 	 	 	 	 	________________________

 

		 ̈	Other (indicate form of organization):    	  	 			__________________________

 

		2.2.1	Indicate the approximate date the Subscriber entity was formed: _____________________.

 

		2.2.2	Initial the line below which correctly describes the application of the following
statement to the Subscriber’s situation: the Subscriber (x) was not organized or reorganized for the specific purpose
of acquiring the Securities and (y) has made investments prior to the date hereof, and each beneficial owner thereof has and
will share in the investment in proportion to his or her ownership interest in the Subscriber.

 

__________      True

 

__________      False

 

    A-2 

     

    

 

If the “False” line
is initialed, each person participating in the entity will be required to fill out a Subscription Agreement.

 

	 	Subscriber:
	 	 
	 	Subscriber Name:	 

 

	 	 	By:	       
	 	 	Signatory Name:
	 	 	Signatory Title:

 

    A-3

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