Document:

Exhibit 10.3

 

DIRECTOR
AND OFFICER

INDEMNIFICATION
AGREEMENT

 

THIS
INDEMNIFICATION AGREEMENT (this “Agreement”) is entered into as of the 23rd day of December, 2020 (the
“Effective Date”), by and between Porch Group, Inc., a Delaware corporation (the “Company”),
and ____________________ (“Indemnitee”).

 

RECITALS

 

A. The
Company is aware that competent and experienced persons are increasingly reluctant to serve or continue serving as directors or
officers of companies unless they are protected by comprehensive liability insurance and adequate indemnification due to the increased
exposure to litigation costs and risks resulting from service to such companies that often bear no relationship to the compensation
of such directors or officers.

 

B. The
statutes and judicial decisions regarding the duties of directors and officers are often insufficient to provide directors and
officers with adequate, reliable knowledge of the legal risks to which they are exposed or the manner in which they are expected
to execute their fiduciary duties and responsibilities.

 

C. The
Company and the Indemnitee recognize that plaintiffs often seek damages in such large amounts, and the costs of litigation may
be so great (whether or not the claims are meritorious), that the defense and/or settlement of such litigation can create an extraordinary
burden on the personal resources of directors and officers.

 

D. The
board of directors of the Company has concluded that, to attract and retain competent and experienced persons to serve as directors
and officers of the Company, it is not only reasonable and prudent but necessary to promote the best interests of the Company
and its stockholders for the Company to contractually indemnify its directors and certain of its officers in the manner set forth
herein, and to assume for itself liability for expenses and damages in connection with claims against such directors and officers
in connection with their service to the Company as provided herein.

 

E.
 Section 145 of the General Corporation Law of Delaware (the “DGCL”)
permits the Company to indemnify and advance defense costs to its officers and directors and to indemnify and advance expenses
to persons who serve at the request of the Company as directors, officers, employees, or agents of other corporations or enterprises.

 

F. The
Company desires and has requested the Indemnitee to serve or continue to serve as a director and/or officer of the Company, and
the Indemnitee is willing to serve, or to continue to serve, as a director and/or officer of the Company if the Indemnitee is
furnished the indemnity provided for herein by the Company.

 

     

     

    

 

NOW,
THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements set forth below, the parties
hereto, intending to be legally bound, hereby agree as follows:

 

1. Definitions.
For purposes of this Agreement, the following terms shall have the corresponding meanings set forth below.

 

“Change
in Control” means each of the following, occurring after the Effective Date:

 

(i)
The date any Person becomes the “Beneficial Owner,” as such term is defined in Rule 13d-3 promulgated under the
Exchange Act, of 30% or more of the combined voting power of the Company’s outstanding shares, other than beneficial
ownership by (A) the Company or any subsidiary of the Company, (B) any employee benefit plan of the Company or any subsidiary
of the Company or (C) any entity of the Company for or pursuant to the terms of any such plan. Notwithstanding the foregoing,
a Change in Control shall not occur as the result of an acquisition of outstanding shares of the Company by the Company
which, by reducing the number of shares outstanding, increases the proportionate number of shares beneficially owned by a
Person to 30% or more of the shares of the Company then outstanding; provided, however, that if a Person becomes the
Beneficial Owner of 30% or more of the shares of the Company then outstanding by reason of share purchases by the Company and
shall, after such share purchases by the Company, become the Beneficial Owner of any additional shares of the Company, then a
Change in Control shall be deemed to have occurred; or

 

(ii)
The date the Company consummates a merger or consolidation with another entity, or engages in a reorganization with or a statutory
share exchange or an exchange offer for the Company’s outstanding voting stock of any class with another entity or acquires
another entity by means of a statutory share exchange or an exchange offer, or engages in a similar transaction; provided that
no Change in Control shall have occurred by reason of this paragraph unless either:

 

(A)
the stockholders of the Company immediately prior to the consummation of the transaction would not, immediately after such consummation,
as a result of their beneficial ownership of voting stock of the Company immediately prior to such consummation (I) be the Beneficial
Owners, directly or indirectly, of securities of the resulting or acquiring entity entitled to elect a majority of the members
of the board of directors or other governing body of the resulting or acquiring entity; and (II) be the Beneficial Owners of the
resulting or acquiring entity in substantially the same proportion as their beneficial ownership of the voting stock of the Company
immediately prior to such transaction; or

 

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(B)
those persons who were directors of the Company immediately prior to the consummation of the proposed transaction would not, immediately
after such consummation, constitute a majority of the directors of the resulting entity.

 

(iii)
The date of the sale or disposition, in one or a series of related transactions, of all or substantially all of the assets of
the Company to any Person (as defined in paragraph (i) above) other than an affiliate of the Company (meaning any corporation
that is part of a controlled group within the meaning of Section 414(b) or (c) of the Internal Revenue Code of 1986, as amended);
or

 

(iv)
The date the number of duly elected and qualified directors of the Company who were not either elected by the Company’s
Board or nominated by the Board or its nominating/governance committee for election by the stockholders shall constitute a majority
of the total number of directors of the Company as fixed by its By-Laws.

 

The
Reviewing Party shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether
a Change in Control of the Company has occurred pursuant to the above definition, and the date of the occurrence of such Change
in Control and any incidental matters relating thereto.

 

“Claim”
means a claim or action asserted by a Person in a Proceeding or any other written demand for relief in connection with or
arising from an Indemnification Event.

 

“Covered
Entity” means (i) the Company, (ii) any subsidiary of the Company or (iii) any other Person for which Indemnitee is
or was or may be deemed to be serving, at the request of the Company or any subsidiary of the Company, as a director, officer,
employee, controlling person, agent or fiduciary.

 

“Disinterested
Director” means, with respect to any determination contemplated by this Agreement, any Person who, as of the time of
such determination, is a member of the Company’s board of directors but is not a party to any Proceeding then pending with
respect to any Indemnification Event.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

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“Expenses”
means any and all direct and indirect fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees,
travel expenses, duplicating, printing and binding costs, telephone charges, postage and delivery service fees and all other disbursements
or expenses of any type or nature whatsoever reasonably incurred by Indemnitee (including, subject to the limitations set forth
in Section 3(c) below, reasonable attorneys’ fees) in connection with or arising from an Indemnification Event,
including, without limitation: (i) the investigation or defense of a Claim; (ii) being, or preparing to be, a witness or otherwise
participating, or preparing to participate, in any Proceeding; (iii) furnishing, or preparing to furnish, documents in response
to a subpoena or otherwise in connection with any Proceeding; (iv) any appeal of any judgment, outcome or determination in any
Proceeding (including, without limitation, any premium, security for and other costs relating to any cost bond, supersedeas bond
or any other appeal bond or its equivalent); (v) establishing or enforcing any right to indemnification under this Agreement (including,
without limitation, pursuant to Section 2(c) below), the DGCL or otherwise, regardless of whether Indemnitee is ultimately
successful in such action, unless as a part of such action, a court of competent jurisdiction over such action determines that
each of the material assertions made by Indemnitee as a basis for such action was not made in good faith or was frivolous; (vi) Indemnitee’s
defense of any Proceeding instituted by or in the name of the Company under this Agreement to enforce, interpret or defend any
of the terms of this Agreement or the Indemnitee’s rights under this Agreement (including, without limitation, costs and
expenses incurred with respect to Indemnitee’s counterclaims and cross-claims made in such action); (vii) in connection
with recovery under any directors’ and officers’ liability insurance policies maintained by the Company, regardless
of whether Indemnitee is ultimately determined to be entitled to such indemnification, advancement or Expenses or insurance recovery,
as the case may be, and (viii) any Federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed
receipt of any payments under this Agreement, including all interest, assessments and other charges paid or payable with respect
to such payments. For purposes of clarification, Expenses shall not include Losses.

 

An
“Indemnification Event” shall be deemed to have occurred if Indemnitee was or is or becomes, or is threatened
to be made, a party to or witness or other participant in, or was or is or becomes obligated to furnish or furnishes documents
in response to a subpoena or otherwise in connection with, any Proceeding by reason of the fact that Indemnitee is or was or may
be deemed a director, officer, employee, controlling person, agent or fiduciary of any Covered Entity, or by reason of any action
or inaction on the part of Indemnitee while serving in any such capacity.

 

“Independent
Legal Counsel” means an attorney or firm of attorneys that is experienced, knowledgeable and qualified in matters of
corporate law, or such other specialty as required by the matter in question, and neither presently is, nor in the thirty-six
(36) months prior to such designation has been, retained to represent: (i) the Company or Indemnitee in any matter material to
either such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.

 

“Losses”
means any and all losses, claims, damages, liabilities, judgments, fines, penalties, settlement payments, awards and amounts
of any type whatsoever incurred by Indemnitee in connection with or arising from an Indemnification Event. For purposes of clarification,
Losses shall not include Expenses.

 

“Organizational
Documents” means any and all organizational documents, charters or similar agreements or governing documents, including,
without limitation, (i) with respect to a corporation, its certificate of incorporation and bylaws, (ii) with respect to
a limited liability company, its operating agreement, and (iii) with respect to a limited partnership, its partnership agreement.

 

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“Proceeding”
means any threatened, pending or completed claim, demand, action, suit, proceeding, arbitration or alternative dispute resolution
mechanism, investigation (whether formal or informal), inquiry, administrative hearing or appeal or any other actual, threatened
or completed proceeding, whether brought in the right of a Covered Entity or otherwise and whether of a civil (including intentional
or unintentional tort claims), criminal, administrative, internal or investigative nature, including any appeal therefrom.

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization or other entity or government or agency or political subdivision thereof.

 

“Reviewing
Party” means, with respect to any determination contemplated by this Agreement, any one of the following: (i) a
majority of the Disinterested Directors, even if such Persons would not constitute a quorum of the Company’s board of directors;
(ii) a committee consisting solely of Disinterested Directors, even if such Persons would not constitute a quorum of the
Company’s board of directors, so long as such committee was designated by a majority of the Disinterested Directors; (iii) Independent
Legal Counsel designated by the Disinterested Directors (or, if there are no Disinterested Directors, the Company’s board
of directors) (in which case, any determination shall be evidenced by the rendering of a written opinion); or (iv) in the
absence of any Disinterested Directors, the Company’s stockholders; provided, that, in the event that a Change in Control
has occurred, the Reviewing Party shall be Independent Legal Counsel (selected by Indemnitee) in a written opinion to the board
of directors of the Company, a copy of which shall be delivered to the Indemnitee.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

2. Indemnification.

 

(a) Indemnification
of Losses and Expenses. If an Indemnification Event has occurred, then, subject to Section 9 below, the Company
shall indemnify and hold harmless Indemnitee, to the fullest extent permitted by the DGCL, as such law may be amended from time
to time (but in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader
indemnification rights than were permitted prior thereto), against any and all Losses and Expenses; provided that the Company’s
commitment set forth in this Section 2(a) to indemnify the Indemnitee shall be subject to the limitations and procedural
requirements set forth in this Agreement.

 

(b) Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some
or a portion of Losses or Expenses, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee
for the portion thereof to which Indemnitee is entitled.

 

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(c) Advancement
of Expenses. The Company shall advance Expenses to or on behalf of Indemnitee to the fullest extent permitted by the DGCL,
as such law may be amended from time to time (but in the case of any such amendment, only to the extent that such amendment permits
the Company to provide broader indemnification rights than were permitted prior thereto), as soon as practicable, but in any event
not later than 30 days after written request therefor by Indemnitee, which request shall be accompanied by vouchers, invoices
or similar evidence documenting in reasonable detail the Expenses incurred or to be incurred by Indemnitee; provided, however,
that Indemnitee need not submit to the Company any information that counsel for Indemnitee reasonably deems is privileged and
exempt from compulsory disclosure in any Proceeding. Advances shall be made without regard to Indemnitee’s ability to repay
the expenses, without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this
Agreement, and Indemnitee’s right to such advancement is not subject to the satisfaction of any standard of conduct. Advances
shall include any and all reasonable Expenses incurred pursuing a Proceeding to enforce this right of advancement, including Expenses
incurred preparing and forwarding statements to the Company to support the advances claimed. Without limiting the generality or
effect of the foregoing, within thirty (30) days after any request by Indemnitee, the Company shall, in accordance with such request
(but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient
to pay such Expenses, or (c) reimburse Indemnitee for such Expenses. Execution and delivery of this Agreement by the Indemnitee
constitutes an undertaking to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined by
a court of competent jurisdiction in a final and non-appealable adjudication that Indemnitee is not entitled to be indemnified
by the Company as authorized by this Agreement. No other form of undertaking shall be required other than the execution of this
Agreement.

 

(d) Contribution.
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred
by Indemnitee, whether for Losses or Expenses, in connection with any Proceeding relating to an Indemnification Event under this
Agreement, in such proportion as is deemed fair and reasonable by the Reviewing Party in light of all of the circumstances of
such Proceeding in order to reflect (1) the relative benefits received by the Company and Indemnitee as a result of the event(s)
and/or transaction(s) giving rise to such Proceeding; and (2) the relative fault of the Company (and its directors, officers,
employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). The Company hereby agrees to fully
indemnify and hold harmless Indemnitee from any claims for contribution which may be brought by officers, directors or employees
of the Company or any of its subsidiaries (other than Indemnitee) who may be jointly liable with Indemnitee.

 

3. Indemnification
Procedures.

 

(a) Notice
of Indemnification Event. Indemnitee shall give the Company notice as soon as practicable of any Indemnification Event of
which Indemnitee becomes aware and of any request for indemnification hereunder, provided that any failure to so notify the Company
shall not relieve the Company of any of its obligations under this Agreement, except if, and then only to the extent that, such
failure increases the liability of the Company under this Agreement.

 

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(b) Notice
to Insurers. The Company shall give prompt written notice of any Indemnification Event which may be covered by the Company’s
liability insurance to the insurers in accordance with the procedures set forth in each of the applicable policies of insurance.
The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all
amounts payable as a result of such Indemnification Event in accordance with the terms of such policies; provided that nothing
in this Section 3(b) shall affect the Company’s obligations under this Agreement or the Company’s obligations
to comply with the provisions of this Agreement in a timely manner as provided. For the avoidance of doubt, nothing in this Section
3(b) or elsewhere in this Agreement shall be deemed to prohibit Indemnitee from giving notice of claims directly to the insurers.

 

(c) Selection
of Counsel. If the Company shall be obligated hereunder to pay or advance Expenses or indemnify Indemnitee with respect to
any Losses, the Company shall be entitled to assume the defense of any related Claims, with counsel selected by the Company. After
the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of
counsel subsequently incurred by Indemnitee with respect to the defense of such Claims; provided that: (i) Indemnitee shall have
the right to employ counsel in connection with any such Claim at Indemnitee’s expense; and (ii) if (A) the employment of
counsel by Indemnitee has been previously authorized by the Company, (B) counsel for Indemnitee shall have provided the Company
with written advice that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense,
(C) the fees and expenses are non-duplicative and reasonably incurred in connection with Indemnitee’s role in the Proceeding
despite the Company’s assumption of the defense, (D) after a Change in Control, the employment of counsel by Indemnitee
has been approved by the Independent Legal Counsel, or (E) the Company shall not in fact have employed counsel to assume
the defense of such Proceeding or the Company shall not continue to retain such counsel to defend such Claim, then the fees and
expenses of Indemnitee’s counsel shall be at the expense of the Company. The Company shall not be entitled to assume the
defense of any Proceeding brought by or on behalf of the Company, or as to which Indemnitee shall have made the determination
provided for in (B) above. Indemnitee agrees that any such separate counsel retained by Indemnitee will be a member of any approved
list of panel counsel under the Company’s applicable directors and officers liability insurance policy, should the applicable
policy provide for a panel of approved counsel and should such approved panel list comprise law firms with well-established reputations
in the type of litigation at issue. (For clarity, the fact of a firm’s being part of a panel shall not be evidence of a
firm’s having a well-established national reputation for the type of litigation at issue).

 

4. Determination
of Right to Indemnification.

 

(a) Successful
Proceeding. To the extent Indemnitee has been successful, on the merits or otherwise, in defense of any Proceeding related
to any Indemnification Event referred to in Section 2(a), the Company shall indemnify Indemnitee against Losses and Expenses
incurred by him or her in connection therewith. If Indemnitee is not wholly successful in such Proceeding, but is successful,
on the merits or otherwise, as to one or more but less than all Claims in such Proceeding, the Company shall indemnify Indemnitee
against all Losses and Expenses actually or reasonably incurred by Indemnitee in connection with each successfully resolved Claim
to the extent fully permitted by applicable law. For these purposes and without limitation, Indemnitee will be deemed to have
been “successful on the merits” in circumstances including but not limited to the termination of any Proceeding or
of any Claim, issue or matter therein, by the winning of a dismissal (with or without prejudice), motion for summary judgment,
settlement (with or without court approval), or upon a plea of nolo contendere or its equivalent.

 

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(b) Other
Proceedings. In the event that Section 4(a) is inapplicable, the Company shall nevertheless indemnify Indemnitee
as provided in Section 2(a) or 2(b), as applicable, or provide a contribution payment to the Indemnitee as provided
in Section 2(d), to the extent determined by the Reviewing Party.

 

(c) Reviewing
Party Determination. A Reviewing Party chosen by the Company’s board of directors shall determine whether Indemnitee
is entitled to indemnification, subject to the following:

 

(i) A
Reviewing Party so chosen shall act in the utmost good faith to assure Indemnitee a complete opportunity to present to such Reviewing
Party Indemnitee’s case that Indemnitee has met the applicable standard of conduct.

 

(ii) Indemnitee
shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of a Covered
Entity, including, without limitation, its financial statements, or on information supplied to Indemnitee by the officers or employees
of a Covered Entity in the course of their duties, or on the advice of legal counsel for a Covered Entity or on information or
records given, or reports made, to a Covered Entity by an independent certified public accountant or by an appraiser or other
expert selected with reasonable care by a Covered Entity. In addition, the knowledge and/or actions, or failure to act, of any
director, officer, agent or employee of a Covered Entity shall not be imputed to Indemnitee for purposes of determining the right
to indemnification under this Agreement. Whether or not the foregoing provisions of this Section 4(c)(ii) are satisfied,
it shall in any event be presumed that Indemnitee has at all times acted in good faith and in a manner Indemnitee reasonably believed
to be in or not opposed to the best interests of the Company. Any Person seeking to overcome this presumption shall have the burden
of proof and the burden of persuasion, by clear and convincing evidence.

 

(iii) If
a Reviewing Party chosen pursuant to this Section 4(c) shall not have made a determination whether Indemnitee is entitled
to indemnification within thirty (30) days after receipt by the Company of the request therefor, the requisite determination of
entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent
(A) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with the request for indemnification, or (B) a prohibition of such indemnification under
applicable law; provided, however, that such 30 day period may be extended for a reasonable time, not to exceed an additional
fifteen (15) days, if the Reviewing Party in good faith requires such additional time for obtaining or evaluating documentation
and/or information relating thereto; and provided, further, that the foregoing provisions of this Section 4(c)(iii)
shall not apply if (I) the determination of entitlement to indemnification is to be made by the stockholders of the Company, (II)
a special meeting of stockholders is called by the board of directors of the Company for such purpose within thirty (30) days
after the stockholders are chosen as the Reviewing Party, (III) such meeting is held for such purpose within sixty (60) days
after having been so called, and (IV) such determination is made thereat.

 

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(d) Appeal
to Court. Notwithstanding a determination by a Reviewing Party chosen pursuant to Section 4(c) that Indemnitee
is not entitled to indemnification with respect to a specific Claim or Proceeding (an “Adverse Determination”),
Indemnitee shall have the right to apply to the court in which that Claim or Proceeding is or was pending or any other court of
competent jurisdiction for the purpose of enforcing Indemnitee’s right to indemnification pursuant to this Agreement, provided
that Indemnitee shall commence any such Proceeding seeking to enforce Indemnitee’s right to indemnification within one (1)
year following the date upon which Indemnitee is notified in writing by the Company of the Adverse Determination. In the event
of any dispute between the parties concerning their respective rights and obligations hereunder, the Company shall have the burden
of proving that the Company is not obligated to make the payment or advance claimed by Indemnitee.

 

(e) Presumption
of Success. The Company acknowledges that a settlement or other disposition short of final judgment shall be deemed a successful
resolution for purposes of Section 4(a) if it permits a party to avoid expense, delay, distraction, disruption or
uncertainty. In the event that any Proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment
against Indemnitee (including, without limitation, settlement of such Proceeding with or without payment of money or other consideration),
it shall be presumed that Indemnitee has been successful on the merits or otherwise in such Proceeding. Anyone seeking to overcome
this presumption shall have the burden of proof and the burden of persuasion, by clear and convincing evidence.

 

(f) Settlement
of Claims. The Company shall not be liable to indemnify Indemnitee under this Agreement or otherwise for any amounts paid
in settlement of any Proceeding effected without the Company’s written consent. The Company shall not settle any Proceeding
in any manner that would impose any penalty or limitation on Indemnitee without Indemnitee’s written consent. Neither the
Company nor the Indemnitee will unreasonably withhold their consent to any proposed settlement. The Company shall not be liable
to indemnify the Indemnitee under this Agreement with regard to any judicial award if the Company was not given a reasonable and
timely opportunity, at its expense, to participate in the defense of such action; the Company’s liability hereunder shall
not be excused if participation in the Proceeding by the Company was barred by this Agreement. The Company shall not, on its own
behalf, settle any part of any Proceeding to which Indemnitee is party with respect to other parties (including the Company) if
any portion of such settlement is to be funded from corporate insurance proceeds unless approved by (i) the written consent of
Indemnitee or (ii) a majority of the independent directors of the board; provided, however, that the right to constrain the Company’s
use of corporate insurance as described in this section shall terminate at the time the Company concludes (per the terms of this
Agreement) that (i) Indemnitee is not entitled to indemnification pursuant to this agreement, or (ii) such indemnification obligation
to Indemnitee has been fully discharged by the Company. The termination of any Proceeding or of any claim, issue or matter therein,
by judgment, order, settlement or conviction, upon a plea of nolo contendere or its equivalent, shall not (except as otherwise
expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption
that Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best
interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his
or her conduct was unlawful.

 

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5. Additional
Indemnification Rights; Non-exclusivity.

 

(a) Scope.
The Company hereby agrees to indemnify Indemnitee to the fullest extent permitted by law, even if such indemnification is
not specifically authorized by the other provisions of this Agreement or any other agreement, the Organizational Documents of
any Covered Entity or by applicable law. In the event of any change after the Effective Date in any applicable law, statute or
rule that expands the right of a Delaware corporation to indemnify a member of its board of directors or an officer, employee,
controlling person, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the
greater benefits afforded by such change. In the event of any change in any applicable law, statute or rule that narrows the right
of a Delaware corporation to indemnify a member of its board of directors or an officer, employee, controlling person, agent or
fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall
have no effect on this Agreement or the parties’ rights and obligations hereunder.

 

(b) Non-exclusivity.
The rights to indemnification, contribution and advancement of Expenses provided in this Agreement shall not be deemed exclusive
of, but shall be in addition to, any other rights to which Indemnitee may at any time be entitled under the Organizational Documents
of any Covered Entity, any other agreement, any vote of stockholders or Disinterested Directors, the laws of the State of Delaware
or otherwise and shall be interpreted independently of, and without reference to, any other such rights to which Indemnitee may
at any time be entitled. Furthermore, no right or remedy herein conferred is intended to be exclusive of any other right or remedy,
and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion of any right or remedy hereunder or otherwise shall not prevent
the concurrent assertion of any other right or remedy. The rights to indemnification, contribution and advancement of Expenses
provided in this Agreement shall continue as to Indemnitee for any action Indemnitee took or did not take while serving in an
indemnified capacity even though Indemnitee may have ceased to serve in such capacity.

 

6. No
Duplication of Payments. The Company shall not be liable under this Agreement to make any payment of any amount otherwise
indemnifiable hereunder, or for which advancement is provided hereunder, if and to the extent Indemnitee has otherwise actually
received such payment, whether pursuant to any insurance policy, the Organizational Documents of any Covered Entity or otherwise;
provided, however, that payment made to Indemnitee pursuant to an insurance policy purchased and maintained by Indemnitee
at his or her own expense of any amounts otherwise indemnifiable or obligated to be made pursuant to this Agreement shall not
reduce the Company’s obligations to Indemnitee pursuant to this Agreement.

 

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7. Liability
Insurance. 

 

(a) The
Company shall maintain liability insurance applicable to directors and officers of the Company and shall cause Indemnitee to be
named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably
insured of the Company’s officers and directors (other than in the case of an independent director liability insurance policy
if Indemnitee is not an independent or outside director). The Company shall advise Indemnitee as to the general terms of, and
the amounts of coverage provide by, any liability insurance policy described in this Section 8 and shall promptly
notify Indemnitee if, at any time, any such insurance policy is terminated or expired without renewal or if the amount of coverage
under any such insurance policy will be decreased.

 

(b) If,
at the time of the receipt of a notice of a Claim pursuant to the terms hereof, the Company has directors’ and officers’
liability insurance coverage in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers
in accordance with the procedures set forth in the respective directors’ and officers’ liability insurance policies.
The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all
amounts payable as a result of such Proceeding in accordance with the terms of such policies. The Company will instruct the insurers
and their insurance brokers that they may communicate directly with Indemnitee regarding such Claim.

 

(c) In
the event of a Change in Control or the Company’s becoming insolvent, the Company shall maintain in force any and all insurance
policies then maintained by the Company in providing insurance—directors’ and officers’ liability, fiduciary,
employment practices or otherwise—in respect of the individual directors and officers of the Company, for a fixed period
of six years thereafter (a “Tail Policy”). Such coverage shall be non-cancellable and shall be placed and serviced
for the duration of its term by the Company’s incumbent insurance broker. Such broker shall place the Tail Policy with the
incumbent insurance carriers using the policies that were in place at the time of the Change in Control event (unless the incumbent
carriers will not offer such policies, in which case the Tail Policy placed by the Company’s insurance broker shall be substantially
comparable in scope and amount as the expiring policies, and the insurance carriers for the Tail Policy shall have an AM Best
rating that is the same or better than the AM Best ratings of the expiring policies).

 

8. Exceptions.
Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this
Agreement to indemnify Indemnitee:

 

(a) against
any Losses or Expenses, or advance Expenses to Indemnitee, with respect to Claims initiated or brought voluntarily by Indemnitee,
and not by way of defense (including, without limitation, affirmative defenses and counter-claims), except (i) Claims to establish
or enforce a right to indemnification, contribution or advancement with respect to an Indemnification Event, whether under this
Agreement, any other agreement or insurance policy, the Company’s Organizational Documents of any Covered Entity, the laws
of the State of Delaware or otherwise, or (ii) if the Company’s board of directors has approved specifically the initiation
or bringing of such Claim;

 

    	 	11	 

     

    

 

(b) against
any Losses or Expenses, or advance Expenses to Indemnitee, with respect to Claims arising (i) with respect to an accounting of
profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of
Section 16(b) of the Exchange Act or (ii) pursuant to Section 304 or 306 of the Sarbanes-Oxley Act of 2002, as amended,
or any rule or regulation promulgated pursuant thereto; or

 

(c) if,
and to the extent, that a court of competent jurisdiction renders a final, unappealable decision that such indemnification is
not lawful.

 

9. Monetary
Damages Insufficient/Specific Performance. The Company and Indemnitee agree that a monetary remedy for breach of this
Agreement may be inadequate, impracticable and difficult to prove, and further agree that such breach may cause Indemnitee irreparable
harm. Accordingly, the parties hereto agree that Indemnitee may enforce this Agreement by seeking injunctive relief and/or specific
performance hereof, without any necessity of showing actual damage or irreparable harm (having agreed that actual and irreparable
harm will result in not necessarily forcing the Company to specifically perform its obligations pursuant to this Agreement) and
that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any
other relief to which he may be entitled. The Company and Indemnitee further agree that Indemnitee shall be entitled to such specific
performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions,
without the necessity of posting bonds or other undertaking in connection therewith. The Company acknowledges that in the absence
of a waiver, a bond or undertaking may be required of Indemnitee by the Court, and the Company hereby waives any such requirement
of a bond or undertaking. If Indemnitee seeks mandatory injunctive relief, it shall not be a defense to enforcement of the Company’s
obligations set forth in this Agreement that Indemnitee has an adequate remedy at law for damages.

 

10. No
Offsets. The Company’s obligation to indemnify, hold harmless, exonerate or advance Expenses hereunder to Indemnitee
who is or was serving at the request of the Company as a director, officer, trustee, partner, managing member, fiduciary, employee
or agent of any other entity shall be reduced by any amount Indemnitee has actually received as indemnification, hold harmless
or exoneration payments or advancement of expenses from such entity. Notwithstanding any other provision of this Agreement to
the contrary, (i) Indemnitee shall have no obligation to reduce, offset, allocate, pursue or apportion any indemnification, hold
harmless, exoneration, advancement, contribution or insurance coverage among multiple parties possessing such duties to Indemnitee
prior to the Company’s satisfaction and performance of all its obligations under this Agreement, and (ii) the Company shall
perform fully its obligations under this Agreement without regard to whether Indemnitee holds, may pursue or has pursued any indemnification,
advancement, hold harmless, exoneration, contribution or insurance coverage rights against any person or entity other than the
Company.

 

    	 	12	 

     

    

 

11. Miscellaneous.

 

(a) Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall constitute an original.

 

(b) Binding
Effect; Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the
parties hereto and their respective successors and assigns (including with respect to the Company, any direct or indirect successor
by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company) and
with respect to Indemnitee, his or her spouse, heirs, and personal and legal representatives. The Company shall require and cause
any successor or assign (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all, substantially all,
or a substantial part, of the business and/or assets of the Company, to assume and agree to perform this Agreement to the fullest
extent permitted by law. This Agreement shall continue in effect with respect to Claims relating to Indemnification Events regardless
of whether Indemnitee continues to serve as a director, officer, employee, controlling person, agent or fiduciary of any Covered
Entity.

 

(c) Notice.
All notices and other communications required or permitted hereunder shall be in writing, shall be effective when given, and shall
in any event be deemed to be given (a) five (5) days after deposit with the U.S. Postal Service or other applicable postal service,
if delivered by first class mail, postage prepaid, (b) upon delivery, if delivered by hand, (c) one (1) business day after the
business day of deposit with Federal Express or similar, nationally recognized overnight courier, freight prepaid, or (d) one
(1) business day after the business day of delivery by confirmed facsimile transmission, if deliverable by facsimile transmission,
with copy by other means permitted hereunder, and addressed, if to Indemnitee, to the Indemnitee’s address or facsimile
number (as applicable) as set forth beneath the Indemnitee’s signature to this Agreement, or, if to the Company, at the
address or facsimile number (as applicable) of its principal corporate offices (attention: Secretary), or at such other address
or facsimile number (as applicable) as such party may designate to the other parties hereto.

 

(d) Notice
by Company. If the Indemnitee is the subject of, or is, to the knowledge of the Company, implicated in any way during an investigation,
whether formal or informal, that is related to Indemnitee’s status as a director or officer of one or more Covered Entities
and that reasonably could lead to a Proceeding for which indemnification can be provided under this Agreement, the Company shall
notify the Indemnitee of such investigation and shall share (to the extent legally permissible) with Indemnitee any information
it has provided to any third parties concerning the investigation (such information, to the extent not previously known to Indemnitee,
“Shared Information”). By executing this Agreement, Indemnitee agrees that such Shared Information is material
non-public information that Indemnitee is obligated to hold in confidence and may not disclose publicly; provided, however, that
Indemnitee may use the Shared Information and disclose such Shared Information to Indemnitee’s legal counsel and third parties,
in each case solely in connection with defending Indemnitee from legal liability.

 

    	 	13	 

     

    

 

(e) Enforceability.
This Agreement is a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its
terms.

 

(f) Consent
to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction and venue of the courts of
the State of Delaware for all purposes in connection with any Proceeding which arises out of or relates to this Agreement and
agree that any Proceeding instituted under this Agreement shall be commenced, prosecuted and continued only in the courts of the
State of Delaware.

 

(g) Severability.
The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within
a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable,
and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent
possible, the provisions of this Agreement (including, without limitation, each portion of this Agreement containing any provision
held to be invalid, void or otherwise unenforceable that is not itself invalid, void or unenforceable) shall be construed so as
to give effect to the extent manifested by the provision held invalid, illegal or unenforceable.

 

(h) Choice
of Law. This Agreement shall be governed by and its provisions shall be construed and enforced in accordance with, the laws
of the State of Delaware, without regard to the conflict of laws principles thereof.

 

(i) Subrogation.
In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee who shall execute all documents required and shall do all acts that may be necessary to secure such
rights and to enable the Company effectively to bring suit to enforce such rights.

 

(j) Amendment
and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is
in a writing signed by the parties to be bound thereby. Notice of same shall be provided to all parties hereto. No waiver of any
of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not
similar) nor shall such waiver constitute a continuing waiver.

 

(k) No
Construction as Employment Agreement. This Agreement is not an employment agreement between the Company and the Indemnitee
and nothing contained in this Agreement shall be construed as giving Indemnitee any right to be retained or continue in the employ
or service of any Covered Entity.

 

(l) Supersedes
Previous Agreements. This Agreement supersedes all prior agreements and understandings, oral, written and implied, between
the parties hereto with respect to the subject matter hereof. All such prior agreements and understandings are hereby terminated
and deemed of no further force or effect.

 

[remainder
of page intentionally left blank; signature page follows]

 

    	 	14	 

     

    

 

 In
Witness Whereof, the parties hereto have executed this Agreement on and as of the day and year first above written.

 

	 	COMPANY:
	 	 
	 	PORCH GROUP, INC.,
	 	a Delaware corporation
	 	 
	 	By:	            
	 	Name:	 
	 	Title:	 
	 	 
	 	INDEMNITEE:
	 	 

 

 

15Exhibit 10.4

 

AMENDED AND RESTATED REGISTRATION RIGHTS
AGREEMENT

 

THIS AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of December 23, 2020, is made and entered
into by and among PropTech Acquisition Corporation, a Delaware corporation (the “Company”), HC PropTech
Partners I LLC, a Delaware limited liability company (the “Sponsor”), the undersigned parties listed
under “Existing Holders” on the signature pages hereto (each such party, together with the Sponsor and any person or
entity deemed an “Existing Holder,” an “Existing Holder” and collectively, the “Existing
Holders”) and the undersigned parties listed under New Holders on the signature pages hereto (each such party, together
with any person or entity deemed a “New Holder” who hereafter becomes a party to this Agreement pursuant to Section 5.2
of this Agreement, a “New Holder” and collectively the “New Holders”). Capitalized
terms used but not otherwise defined in this Agreement shall have the meanings ascribed thereto in the Merger Agreement (as defined
below).

 

RECITALS

 

WHEREAS, the
Company and the Existing Holders are party to that certain Registration Rights Agreement, dated November 21, 2019 (the “Existing
Registration Rights Agreement”), pursuant to which the Company granted the Existing Holders certain registration
rights with respect to certain securities of the Company;

 

WHEREAS, the
Company has entered into that certain Agreement and Plan of Merger, dated as of July 30. 2020 (the “Merger Agreement”),
by and among the Company, PTAC Merger Sub Corporation, a Delaware corporation, Porch.com, Inc., a Delaware corporation, and, in
his capacity as the Holder Representative, Joe Hanauer;

 

WHEREAS, pursuant
to the transactions contemplated by the Merger Agreement and subject to the terms and conditions set forth therein, the New Holders
will receive shares of the common stock, par value $0.0001 per share, of the Company (“Common Stock”)
upon the closing of such transactions (the “Closing”);

 

WHEREAS, the
Company and the Sponsor have entered into that certain Securities Subscription Agreement, dated as of July 31, 2019, pursuant
to which the Sponsor purchased an aggregate of 3,881,250 shares of the Company’s Class B common stock, par value $0.0001
per share (the “Class B Common Stock”);

 

WHEREAS, on
October 30, 2019, the Company effected a stock dividend of one-ninth of a share of Class B Common Stock on each share of Class
B Common Stock outstanding, resulting in the Sponsor holding an aggregate of 4,312,500 shares of Class B Common Stock (the “Founder
Shares”);

 

WHEREAS, in
October 2019, the Sponsor transferred 25,000 Founder Shares to each of Mark Farrell, Jack Leeney, Courtney Robinson, Margaret Whelan
and Greg Ethridge;

 

WHEREAS, pursuant
to Section 5.5 of the Existing Registration Rights Agreement, the provisions, covenants and conditions set forth therein may be
amended or modified upon the written consent of the Company and the Existing Holders of a majority-in-interest of the “Registrable
Securities” (as such term was defined in the Existing Registration Rights Agreement) at the time in question;

 

WHEREAS, on
November 21, 2019, the Company and the Sponsor entered into that certain Private Placement Warrants Purchase Agreement, pursuant
to which the Sponsor purchased 5,700,000 warrants (the “Private Placement Warrants”), in a private placement
transaction occurring simultaneously with the closing of the Company’s initial public offering; and

 

WHEREAS, the
Company and all of the Existing Holders desire to amend and restate the Existing Registration Rights Agreement in order to provide
the Existing Holders and the New Holders certain registration rights with respect to certain securities of the Company, as set
forth in this Agreement.

 

     

     

    

 

NOW, THEREFORE,
in consideration of the representations, covenants and agreements contained herein, and certain other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree
as follows:

 

ARTICLE
I

DEFINITIONS

 

1.1 Definitions.
The terms defined in this Article I shall, for all purposes of this Agreement, have the respective meanings set forth
below:

 

“Adverse
Disclosure” shall mean any public disclosure of material non-public information, which disclosure, in the good faith
judgment of the Chief Executive Officer or principal financial officer of the Company, after consultation with counsel to the Company,
(i) would be required to be made in any Registration Statement or Prospectus in order for the applicable Registration Statement
or Prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
contained therein (in the case of any prospectus and any preliminary prospectus, in the light of the circumstances under which
they were made) not misleading, (ii) would not be required to be made at such time if the Registration Statement were not
being filed, and (iii) the Company has a bona fide business purpose for not making such information public.

 

“Agreement”
shall have the meaning given in the Preamble.

 

“Blackout
Period” shall have the meaning given in subsection 2.4.

 

“Block
Trade” means an offering and/or sale of Registrable Securities by any Holder on a block trade or underwritten basis
(whether firm commitment or otherwise) without substantial marketing efforts prior to pricing, including, without limitation, a
same day trade, overnight trade or similar transaction, but excluding a variable price reoffer.

 

“Board”
shall mean the Board of Directors of the Company.

 

“business
day” means a day, other than a Saturday or Sunday, on which commercial banks in New York, New York or Seattle, Washington
are open for the general transaction of business.

 

“Class
B Common Stock” shall have the meaning given in the Recitals hereto.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

“Company”
shall have the meaning given in the Preamble.

 

“Common
Stock” shall have the meaning given in the Recitals hereto.

 

“Company”
shall have the meaning given in the Preamble.

 

“Company
Shelf Takedown Notice” shall have the meaning given in subsection 2.1.3.

 

“Demand
Registration” shall have the meaning given in subsection 2.2.1.

 

“Demanding
Holders” shall have the meaning given in subsection 2.2.1.

 

“Effectiveness
Deadline” shall have the meaning given in subsection 2.1.1.

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.

 

“Existing
Holders” shall have the meaning given in the Preamble hereto.

 

“Existing
Registration Rights Agreement” shall have the meaning given in the Recitals hereto.

 

“Form S-1
Shelf” shall have the meaning given in subsection 2.1.1.

 

“Form S-3
Shelf” shall have the meaning given in subsection 2.1.1.

 

    2

     

    

 

“Founder
Shares” shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock
issued upon conversion thereof.

 

“Founder
Shares Lock-Up Period” shall mean, with respect to the Founder Shares, from the date hereof until the earlier of
(A) one year after the date hereof; (B) the first date the closing price of the Common Stock equals or exceeds $12.00 per
share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days
within any 30-trading day period commencing at least 150 days after the date hereof, but in no event prior to the expiration of
the New Holder Lock-Up Period; and (C) the date on which the Company completes a liquidation, merger, capital stock exchange,
reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange
their shares of Common Stock for cash, securities or other property.

 

“Holders”
shall mean the Existing Holders and the New Holders and any person or entity who hereafter becomes a party to this Agreement pursuant
to Section 5.2.

 

“Insider
Letter” shall mean that certain letter agreement, dated as of November 21, 2019, by and among the Company, the
Sponsor and each of the Company’s officers, directors and director nominees.

 

“Lock-Up
Periods” shall mean the Founder Shares Lock-Up Period, the New Holder Lock-Up Period, the Private Placement Lock-Up
Period and the Principal Holder Lock-Up Period.

 

“Maximum
Number of Securities” shall have the meaning given in subsection 2.2.4.

 

“Merger
Agreement” shall have the meaning given in the Recitals hereto.

 

“Misstatement”
shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration
Statement, or necessary to make the statements in a Registration Statement or Prospectus (in the case of the Prospectus, in the
light of the circumstances under which they were made) not misleading.

 

“New Holders”
shall have the meaning given in the Preamble.

 

“New Holder
Lock-Up Period” shall mean, with respect to the Common Stock held by the New Holders (other than the Principal Holder)
or their Permitted Transferees, from the date hereof until the earliest to occur of (A) 180 days after the date hereof; (B) the
first date the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150
days after the date hereof; and (C) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization
or other similar transaction that results in all of the Company’s stockholders having the right to exchange their Common
Stock for cash, securities or other property.

 

“Permitted
Transferees” shall mean any person or entity to whom a Holder of Registrable Securities is permitted to transfer
such Registrable Securities prior to the expiration of the applicable Lock-Up Period, under the Insider Letter, this Agreement
and any other applicable agreement between such Holder and the Company, and to any transferee thereafter.

 

“Piggyback
Registration” shall have the meaning given in subsection 2.3.1.

 

“Private
Placement Lock-Up Period” shall mean, with respect to Private Placement Warrants that are held by the initial purchasers
of such Private Placement Warrants or their Permitted Transferees, and any of the Common Stock issued or issuable upon the exercise
or conversion of the Private Placement Warrants and that are held by the initial purchasers of the Private Placement Warrants or
their Permitted Transferees, the period ending 30 days after the date hereof.

 

    3

     

    

 

“Private
Placement Warrants” shall have the meaning given in the Recitals hereto.

 

“Principal
Holder” shall mean Matthew Ehrlichman.

 

“Principal
Holder Lock-Up Period” shall mean, with respect to the Common Stock held by the Principal Holder or his Permitted
Transferees, from the date hereof until the earliest to occur of (A) one year after the date hereof; (B) the first date the closing
price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the date hereof; and
(C) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction
that results in all of the Company’s stockholders having the right to exchange their Common Stock for cash, securities or
other property.

 

“Pro Rata”
shall have the meaning given in subsection 2.2.4.

 

“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as
amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Registrable
Security” shall mean (a) the Founder Shares and the shares of Common Stock issued or issuable upon the conversion
of any Founder Shares, (b) the Private Placement Warrants (including any shares of the Common Stock issued or issuable upon the
exercise of any such Private Placement Warrants), (c)  any issued and outstanding share of Common Stock or any other equity
security (including the shares of Common Stock issued or issuable upon the exercise of any other equity security) of the Company
held by an Existing Holder as of the date of this Agreement, (d) any equity securities (including the shares of Common Stock issued
or issuable upon the exercise of any such equity security) of the Company issuable upon conversion of any working capital loans
in an amount up to $1,500,000 made to the Company by a Holder, (e) any outstanding shares of Common Stock or any other equity security
of the Company held by a New Holder as of the date of this Agreement (including shares transferred to a Permitted Transferee and
the shares of Common Stock issued or issuable upon the exercise of any such other equity security) and (f) any other equity security
of the Company issued or issuable with respect to any such share of the Common Stock described in the foregoing clauses (a) through
(f) by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation
or reorganization; provided, however, that, as to any particular Registrable Security, such securities shall cease
to be Registrable Securities when: (A) a Registration Statement with respect to the sale of such securities shall have become
effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged in accordance
with such Registration Statement; (B) such securities shall have been otherwise transferred, new certificates or book entry
positions for such securities not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent
public distribution of such securities shall not require registration under the Securities Act; (C) such securities shall
have ceased to be outstanding; or (D) such securities may be sold without registration pursuant to Rule 144 promulgated under
the Securities Act (together with any successor rule promulgated thereafter by the Commission, “Rule 144”)
(but with no volume or other restrictions or limitations thereunder).

 

“Registration”
shall mean a registration effected by preparing and filing a registration statement or similar document in compliance with the
requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement
becoming effective.

 

“Registration
Expenses” shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

 

(A) all registration
and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority, Inc.)
and any securities exchange on which the Common Stock is then listed;

 

(B) fees and expenses
of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel for the Underwriters in
connection with blue sky qualifications of Registrable Securities);

 

(C) printing, messenger,
telephone and delivery expenses;

 

    4

     

    

 

(D) reasonable fees
and disbursements of counsel for the Company;

 

(E) reasonable fees
and disbursements of all independent registered public accountants of the Company incurred specifically in connection with such
Registration; and

 

(F) reasonable fees
and expenses of one (1) legal counsel selected by the majority-in-interest of the Demanding Holders initiating a Demand Registration
to be registered for offer and sale in the applicable Registration.

 

“Registration
Statement” shall mean any registration statement that covers the Registrable Securities pursuant to the provisions
of this Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments)
and supplements to such registration statement, and all exhibits to and all material incorporated by reference in such registration
statement.

 

“Requesting
Holder” shall have the meaning given in subsection 2.2.1.

 

“Restricted
Securities” shall have the meaning given in subsection 3.6.1.

 

“Rule 144”
shall have the meaning given in the definition of “Registrable Security.”

 

“Rule 415”
shall have the meaning given in subsection 2.1.1.

 

“SEC”
shall mean the United States Securities and Exchange Commission.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended from time to time.

 

“Shelf
Takedown Notice” shall have the meaning given in subsection 2.1.3.

 

“Shelf
Underwritten Offering” shall have the meaning given in subsection 2.1.3.

 

“Sponsor”
shall have the meaning given in the Preamble hereto.

 

“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part
of such dealer’s market-making activities.

 

“Underwritten
Registration” or “Underwritten Offering” shall mean a Registration in which securities
of the Company are sold to an Underwriter in a firm commitment underwriting for distribution to the public.

 

ARTICLE
II

REGISTRATIONS

 

2.1 Shelf
Registration.

 

2.1.1 Initial
Registration. The Company shall, as promptly as reasonably practicable, but in no event later than fifteen (15) business days
after the consummation of the transactions contemplated by the Merger Agreement, use its reasonable best efforts to file a Registration
Statement under the Securities Act to permit the public resale of all the Registrable Securities held by the Holders (and certain
other outstanding equity securities of the Company) from time to time as permitted by Rule 415 under the Securities Act (or any
successor or similar provision adopted by the Commission then in effect) (“Rule 415”) on the terms and
conditions specified in this subsection 2.1.1 and shall use its reasonable best efforts to cause such Registration Statement
to be declared effective as promptly as reasonably practicable after the initial filing thereof, but in no event later than sixty
(60) business days following the filing deadline (the “Effectiveness Deadline”); provided, that
the Effectiveness Deadline shall be extended to one hundred and twenty (120) days after the filing deadline if the Registration
Statement is reviewed by, and receives comments from, the Commission. The Registration Statement filed with the Commission pursuant
to this subsection 2.1.1 shall be a shelf registration statement on Form S-3 (a “Form S-3 Shelf”)
or, if Form S-3 is not then available to the Company, on Form S-1 (a “Form S-1 Shelf”) or such other
form of registration statement as is then available to effect a registration for resale of such Registrable Securities, covering
such Registrable Securities, and shall contain a Prospectus in such form as to permit any Holder to sell such Registrable Securities
pursuant to Rule 415 at any time beginning on the effective date for such Registration Statement. A Registration Statement filed
pursuant to this subsection 2.1.1 shall provide for the resale pursuant to any method or combination of methods legally
available to, and requested prior to effectiveness by, the Holders. The Company shall use its reasonable best efforts to cause
a Registration Statement filed pursuant to this subsection 2.1.1 to remain effective, and to be supplemented and amended
to the extent necessary to ensure that such Registration Statement is available or, if not available, that another Registration
Statement is available, for the resale of all the Registrable Securities held by the Holders until all such Registrable Securities
have ceased to be Registrable Securities. When effective, a Registration Statement filed pursuant to this subsection 2.1.1
(including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable
requirements of the Securities Act and the Exchange Act and will not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of
any Prospectus contained in such Registration Statement, in the light of the circumstances under which such statement is made).

 

    5

     

    

 

2.1.2 Form
S-3 Shelf. If the Company files a Form S-3 Shelf and thereafter the Company becomes ineligible to use Form S-3 for secondary
sales, the Company shall use its reasonable best efforts to file a Form S-1 Shelf as promptly as reasonably practicable to replace
the shelf registration statement that is a Form S-3 Shelf and have the Form S-1 Shelf declared effective as promptly as reasonably
practicable and to cause such Form S-1 Shelf to remain effective, and to be supplemented and amended to the extent necessary to
ensure that such Registration Statement is available or, if not available, that another Registration Statement is available, for
the resale of all the Registrable Securities held by the Holders until all such Registrable Securities have ceased to be Registrable
Securities.

 

2.1.3 Shelf
Takedown. At any time and from time to time following the effectiveness of the shelf registration statement required by subsection
2.1.1 or 2.1.2, any Holder may request to sell all or a portion of their Registrable Securities in an underwritten offering
that is registered pursuant to such shelf registration statement, including a Block Trade (a “Shelf Underwritten Offering”),
provided that such Holder(s) (a) reasonably expect aggregate gross proceeds in excess of $50,000,000 from such Shelf Underwritten
Offering or (b) reasonably expects to sell all of the Registrable Securities held by such Holder in such Shelf Underwritten Offering
but in no event less than $10,000,000 in aggregate gross proceeds. All requests for a Shelf Underwritten Offering shall be made
by giving written notice to the Company (the “Shelf Takedown Notice”). Each Shelf Takedown Notice shall
specify the approximate number of Registrable Securities proposed to be sold in the Shelf Underwritten Offering and the expected
price range (net of underwriting discounts and commissions) of such Shelf Underwritten Offering. Within five (5) business days
after receipt of any Shelf Takedown Notice, the Company shall give written notice of such requested Shelf Underwritten Offering
to all other Holders of Registrable Securities (the “Company Shelf Takedown Notice”) and, subject to
reductions consistent with the Pro Rata calculations in Section 2.2.4, shall include in such Shelf Underwritten Offering
all Registrable Securities with respect to which the Company has received written requests for inclusion therein, within five (5)
days after sending the Company Shelf Takedown Notice, or, in the case of a Block Trade, as provided in Section 2.5. The
Company shall enter into an underwriting agreement in a form as is customary in Underwritten Offerings of securities by the Company
with the managing Underwriter or Underwriters selected by the initiating Holders with written consent of the Company (such consent
not to be unreasonably withheld, delayed or conditioned) and shall take all such other reasonable actions as are requested by the
managing Underwriter or Underwriters in order to expedite or facilitate the disposition of such Registrable Securities. In connection
with any Shelf Underwritten Offering contemplated by this subsection 2.1.3, subject to Section 3.3 and Article IV,
the underwriting agreement into which each Holder and the Company shall enter shall contain such representations, covenants, indemnities
and other rights and obligations of the Company and the selling stockholders as are customary in underwritten offerings of securities.

 

2.1.4 Holder
Information Required for Participation in Shelf Registration. At least ten (10) business days prior to the first anticipated
filing date of a Registration Statement pursuant to this Article II, the Company shall use reasonable best efforts to notify
each Holder in writing (which may be by email) of the information reasonably necessary about the Holder to include such Holder’s
Registrable Securities in such Registration Statement. Notwithstanding anything else in this Agreement, the Company shall not be
obligated to include such Holder’s Registrable Securities to the extent the Company has not received such information, and
received any other reasonably requested agreements or certificates, on or prior to the fifth business day prior to the first anticipated
filing date of a Registration Statement pursuant to this Article II.

 

    6

     

    

 

2.2 Demand
Registration.

 

2.2.1 Request
for Registration. Subject to the provisions of subsection 2.2.4 hereof and provided that the Company does not have an
effective Registration Statement pursuant to subsection 2.1.1 outstanding covering Registrable Securities, (a) the Existing
Holders of at least a majority in interest of the then-outstanding number of Registrable Securities held by the Existing Holders,
(b) the Principal Holder or (c) the New Holders (other than the Principal Holder) of at least a majority-in-interest of the then-outstanding
number of Registrable Securities held by the New Holder (other than the Principal Holder) (the “Demanding Holders”),
in each case, may make a written demand for Registration of all or part of their Registrable Securities, which written demand shall
describe the amount and type of securities to be included in such Registration and the intended method(s) of distribution thereof
(such written demand a “Demand Registration”). The Company shall, within ten (10) days of the Company’s
receipt of the Demand Registration, notify, in writing, all other Holders of Registrable Securities of such demand, and each Holder
of Registrable Securities who thereafter wishes to include all or a portion of such Holder’s Registrable Securities in a
Registration pursuant to a Demand Registration (each such Holder that includes all or a portion of such Holder’s Registrable
Securities in such Registration, a “Requesting Holder”) shall so notify the Company, in writing, within
five (5) days after the receipt by the Holder of the notice from the Company. Upon receipt by the Company of any such written notification
from a Requesting Holder(s) to the Company, such Requesting Holder(s) shall be entitled to have their Registrable Securities included
in a Registration pursuant to a Demand Registration and the Company shall file, as soon thereafter as practicable, but not more
than forty five (45) days immediately after the Company’s receipt of the Demand Registration, a Form S-3 Shelf or, if Form
S-3 is not then available to the Company, a Form S-1 Shelf covering of all Registrable Securities requested by the Demanding Holders
and Requesting Holders pursuant to such Demand Registration and shall use reasonable best efforts to cause such Registration Statement
to become effective as promptly as practicable after filing. Under no circumstances shall the Company be obligated to effect (x)
more than an aggregate of three (3) Registrations pursuant to a Demand Registration by the Existing Holders under this subsection 2.2.1
with respect to any or all Registrable Securities held by such Existing Holders, (y) more than an aggregate of three (3) Registrations
pursuant to a Demand Registration by the Principal Holder under this subsection 2.2.1 with respect to any or all Registrable
Securities held by the Principal Holder and (z) more than one (1) Registration pursuant to a Demand Registration by the New Holder
(other than the Principal Holder) under this subsection 2.2.1 with respect to any or all Registrable Securities held
by such New Holder (other than the Principal Holder); provided, however, that a Registration pursuant to a Demand
Registration shall not be counted for such purposes unless a Registration Statement that may be available at such time has become
effective and all of the Registrable Securities requested by the Requesting Holders and the Demanding Holders to be registered
on behalf of the Requesting Holders and the Demanding Holders in such Registration Statement have been sold, in accordance with
Section 3.1 of this Agreement.

 

2.2.2 Effective
Registration. Notwithstanding the provisions of subsection 2.2.1 above or any other part of this Agreement, a Registration
pursuant to a Demand Registration shall not count as a Registration unless and until (i) the Registration Statement filed
with the Commission with respect to a Registration pursuant to a Demand Registration has been declared effective by the Commission
and (ii) the Company has complied with all of its obligations under this Agreement with respect thereto; provided,
further, that if, after such Registration Statement has been declared effective, an offering of Registrable Securities in
a Registration pursuant to a Demand Registration is subsequently interfered with by any stop order or injunction of the Commission,
federal or state court or any other governmental agency, the Registration Statement with respect to such Registration shall be
deemed not to have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or otherwise
terminated, and (ii) a majority-in-interest of the Demanding Holders initiating such Demand Registration thereafter affirmatively
elect to continue with such Registration and accordingly notify the Company in writing, but in no event later than five (5) days,
of such election; provided, further, that the Company shall not be obligated or required to file another Registration
Statement until the Registration Statement that has been previously filed with respect to a Registration pursuant to a Demand Registration
becomes effective or is subsequently terminated.

 

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2.2.3 Underwritten
Offering. Subject to the provisions of subsection 2.2.4, if a majority-in-interest of the Demanding Holders so
advise the Company as part of their Demand Registration that the offering of the Registrable Securities pursuant to such Demand
Registration shall be in the form of an Underwritten Offering, then the right of such Demanding Holder or Requesting Holder (if
any) to include its Registrable Securities in such Registration shall be conditioned upon such Holder’s participation in
such Underwritten Offering and the inclusion of such Holder’s Registrable Securities in such Underwritten Offering to the
extent provided herein. All such Holders proposing to distribute their Registrable Securities through an Underwritten Offering
under this subsection 2.2.3 shall enter into an underwriting agreement in customary form with the Underwriter(s) selected
for such Underwritten Offering by the majority-in-interest of the Demanding Holders initiating the Demand Registration, which Underwriter(s)
shall be reasonably satisfactory to the Company.

 

2.2.4 Reduction
of Underwritten Offering. If the managing Underwriter or Underwriters in an Underwritten Registration, in good faith, advises
the Company, the Demanding Holders and the Requesting Holders (if any) in writing that the dollar amount or number of Registrable
Securities that the Demanding Holders and the Requesting Holders (if any) desire to sell, taken together with all other Common
Stock or other equity securities that the Company desires to sell and the Common Stock, if any, as to which a Registration has
been requested pursuant to separate written contractual piggy-back registration rights held by any other stockholders who desire
to sell, exceeds the maximum dollar amount or maximum number of equity securities that can be sold in the Underwritten Offering
without adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success of
such offering (such maximum dollar amount or maximum number of such securities, as applicable, the “Maximum Number
of Securities”), then the Company shall include in such Underwritten Offering, as follows: (i) first, the Registrable
Securities of the Demanding Holders (pro rata based on the respective number of Registrable Securities that each Demanding Holder
has requested be included in such Underwritten Registration and the aggregate number of Registrable Securities that the Demanding
Holders have requested be included in such Underwritten Registration (such proportion is referred to herein as “Pro
Rata”)) that can be sold without exceeding the Maximum Number of Securities; (ii) second, to the extent that
the Maximum Number of Securities has not been reached under the foregoing clause (i), the Registrable Securities of Requesting
Holders (Pro Rata, based on the respective number of Registrable Securities that each Requesting Holder has so requested) exercising
their rights to register their Registrable Securities pursuant to subsection 2.2.1 hereof, without exceeding the Maximum
Number of Securities; and (iii) third, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clauses (i) and (ii), the Common Stock or other equity securities that the Company desires to sell, which can be
sold without exceeding the Maximum Number of Securities; and (iv) fourth, to the extent that the Maximum Number of Securities
has not been reached under the foregoing clauses (i), (ii) and (iii), the Common Stock or other equity securities of other
persons or entities that the Company is obligated to register in a Registration pursuant to separate written contractual arrangements
with such persons and that can be sold without exceeding the Maximum Number of Securities.

 

2.2.5 Demand
Registration Withdrawal. Any of the Demanding Holders initiating a Demand Registration or any of the Requesting Holders (if
any), pursuant to a Registration under subsection 2.2.1 shall have the right to withdraw from a Registration pursuant
to such Demand Registration or a Shelf Underwritten Offering pursuant to subsection 2.1.3 for any or no reason whatsoever
upon written notification to the Company and the Underwriter or Underwriters (if any) of their intention to withdraw from such
Registration at least three (3) business days prior to the effectiveness of the Registration Statement filed with the Commission
with respect to the Registration of their Registrable Securities pursuant to such Demand Registration (or in the case of an Underwritten
Registration pursuant to Rule 415, at least five (5) business days prior to the time of pricing of the applicable offering). Notwithstanding
anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection
with a Registration pursuant to a Demand Registration or a Shelf Underwritten Offering prior to its withdrawal under this subsection 2.2.5.

 

    8

     

    

 

2.3 Piggyback
Registration.

 

2.3.1 Piggyback
Rights. If the Company proposes to file a Registration Statement under the Securities Act with respect to an offering of equity
securities, or securities or other obligations exercisable or exchangeable for, or convertible into, equity securities, for its
own account or for the account of stockholders of the Company (or by the Company and by the stockholders of the Company including,
without limitation, pursuant to Section 2.2 hereof), other than a Registration Statement (i) filed in connection
with any employee stock option or other benefit plan, (ii) for a rights offering or an exchange offer or offering of securities
solely to the Company’s existing stockholders, (iii) for an offering of debt that is convertible into equity securities
of the Company or (iv) for a dividend reinvestment plan, then the Company shall give written notice of such proposed filing
to all of the Holders of Registrable Securities as soon as practicable but not less than four (4) business days before the anticipated
filing date of such Registration Statement, which notice shall (A) describe the amount and type of securities to be included
in such offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if
any, in such offering, and (B) offer to all of the Holders of Registrable Securities the opportunity to register the sale
of such number of Registrable Securities as such Holders may request in writing within five (5) days after receipt of such written
notice (such Registration a “Piggyback Registration”). The Company shall, in good faith, cause such Registrable
Securities to be included in such Piggyback Registration and shall use its reasonable best efforts to cause the managing Underwriter
or Underwriters of a proposed Underwritten Offering to permit the Registrable Securities requested by the Holders pursuant to this
subsection 2.3.1 to be included in a Piggyback Registration on the same terms and conditions as any similar securities
of the Company included in such Registration and to permit the sale or other disposition of such Registrable Securities in accordance
with the intended method(s) of distribution thereof. All such Holders proposing to distribute their Registrable Securities through
an Underwritten Offering under this subsection 2.3.1 shall enter into an underwriting agreement in customary form with
the Underwriter(s) selected for such Underwritten Offering by the Company.

 

2.3.2 Reduction
of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Registration that is to be a Piggyback
Registration, in good faith, advises the Company and the Holders of Registrable Securities participating in the Piggyback Registration
in writing that the dollar amount or number of Common Stock that the Company desires to sell, taken together with (i) the
Common Stock, if any, as to which Registration has been demanded pursuant to separate written contractual arrangements with persons
or entities other than the Holders of Registrable Securities hereunder (ii) the Registrable Securities as to which registration
has been requested pursuant to Section 2.3 hereof, and (iii) the Common Stock, if any, as to which Registration
has been requested pursuant to separate written contractual piggy-back registration rights of other stockholders of the Company,
exceeds the Maximum Number of Securities, then:

 

(a) If
the Registration is undertaken for the Company’s account, the Company shall include in any such Registration (A) first,
the Common Stock or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number
of Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause
(A), the Registrable Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.3.1
hereof, Pro Rata, which can be sold without exceeding the Maximum Number of Securities; and (C) third, to the extent that the Maximum
Number of Securities has not been reached under the foregoing clauses (A) and (B), the Common Stock, if any, as to which Registration
has been requested or demanded pursuant to written contractual piggy-back registration rights of other stockholders of the Company,
which can be sold without exceeding the Maximum Number of Securities;

 

(b) If
the Registration is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the Company
shall include in any such Registration (A) first, the Common Stock or other equity securities, if any, of such requesting
persons or entities, other than the Holders of Registrable Securities, which can be sold without exceeding the Maximum Number of
Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause
(A), the Registrable Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.3.1,
Pro Rata, which can be sold without exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum
Number of Securities has not been reached under the foregoing clauses (A) and (B), the Common Stock or other equity securities
that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities; and (D) fourth, to the
extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A), (B) and (C), the Common Stock
or other equity securities for the account of other persons or entities that the Company is obligated to register pursuant to separate
written contractual arrangements with such persons or entities, which can be sold without exceeding the Maximum Number of Securities.

 

2.3.3 Piggyback
Registration Withdrawal. Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback Registration
for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of his, her
or its intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed with
the Commission with respect to such Piggyback Registration (or in the case of an Underwritten Registration pursuant to Rule 415,
at least five (5) business days prior to the time of pricing of the applicable offering). The Company (whether on its own good
faith determination or as the result of a request for withdrawal by persons pursuant to separate written contractual obligations)
may withdraw a Registration Statement filed with the Commission in connection with a Piggyback Registration at any time prior to
the effectiveness of such Registration Statement. Notwithstanding anything to the contrary in this Agreement, the Company shall
be responsible for the Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under
this subsection 2.3.3.

 

    9

     

    

 

2.3.4 Unlimited
Piggyback Registration Rights. For purposes of clarity, any Registration effected pursuant to Section 2.3 hereof
shall not be counted as a Registration pursuant to a Demand Registration effected under Section 2.2 hereof or a Shelf
Underwritten Offering effected under subsection 2.1.3.

 

2.4 Restrictions
on Registration Rights. Notwithstanding anything to the contrary contained herein, the Company shall not be obligated to (but
may, at its sole option) (A) effect any Demand Registration or an Underwritten Offering (i) within sixty (60) days after the closing
of an Underwritten Offering or (ii) during the period starting with the date sixty (60) days prior to the Company’s good
faith estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of,
a Company initiated Registration and provided that the Company has delivered written notice to the Holders prior to receipt of
a Demand Registration pursuant to subsection 2.2.1 and it continues to actively employ, in good faith, all reasonable
best efforts to cause the applicable Registration Statement to become effective or (B) file a Registration Statement (or any amendment
thereto) or effect an Underwritten Offering (or, if the Company has filed a Shelf Registration Statement and has included Registrable
Securities therein, the Company shall be entitled to suspend the offer and sale of Registrable Securities pursuant to such Registration
Statement) for a period of up to forty-five (45) days (i) if the Holders have requested an Underwritten Registration and the Company
and the Holders are unable to obtain the commitment of underwriters to firmly underwrite the offer or (ii) if the Company has determined
in good faith that the sale of Registrable Securities pursuant a Registration Statement would require disclosure of material non-public
information not otherwise required to be disclosed under applicable securities laws (x) which disclosure would have a detrimental
effect on the Company or (y) relating to a material transaction involving the Company (any such period, a “Blackout
Period”); provided, however, that in no event shall any Blackout Period together with other Blackout Periods exceed
an aggregate of 90 days in any consecutive 12-month period.

 

2.5 Block
Trades. Notwithstanding any other provision of Article II, but subject to Sections 2.4 and 3.4, if the
Holders desire to effect a Block Trade, the Holders shall provide written notice to the Company at least five (5) business days
prior to the date such Block Trade will commence. As promptly as reasonably practicable, the Company shall use its reasonable best
efforts to facilitate such Block Trade. The Holders shall use reasonable best efforts to work with the Company and the Underwriter(s)
(including by disclosing the maximum number of Registrable Securities proposed to be the subject of such Block Trade) in order
to facilitate preparation of the Registration Statement, Prospectus and other offering documentation related to the Block Trade
and any related due diligence and comfort procedures.

 

ARTICLE
III

COMPANY PROCEDURES

 

3.1 General
Procedures. If the Company is required to effect the Registration of Registrable Securities, the Company shall use its reasonable
best efforts to effect such Registration to permit the sale of such Registrable Securities in accordance with the intended plan
of distribution thereof, and pursuant thereto the Company shall, as expeditiously as possible:

 

3.1.1 prepare
and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use
its reasonable best efforts to cause such Registration Statement to become effective and remain effective until all Registrable
Securities covered by such Registration Statement have been sold;

 

3.1.2 prepare
and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements
to the Prospectus, as may be reasonably requested by any majority-in-interest of the Holders with Registrable Securities registered
on such Registration Statement or any Underwriter of Registrable Securities or as may be required by the rules, regulations or
instructions applicable to the registration form used by the Company or by the Securities Act or rules and regulations thereunder
to keep the Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold in
accordance with the intended plan of distribution set forth in such Registration Statement or supplement to the Prospectus;

 

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3.1.3 prior
to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriters,
if any, and each Holder of Registrable Securities included in such Registration, and such Holder’s legal counsel, copies
of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case
including all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement
(including each preliminary Prospectus), and such other documents as the Underwriters and each Holder of Registrable Securities
included in such Registration or the legal counsel for any such Holders may request in order to facilitate the disposition of the
Registrable Securities owned by such Holders;

 

3.1.4 prior
to any public offering of Registrable Securities, use its reasonable best efforts to (i) register or qualify the Registrable
Securities covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in
the United States as any Holder of Registrable Securities included in such Registration Statement (in light of their intended plan
of distribution) may request and (ii) take such action necessary to cause such Registrable Securities covered by the Registration
Statement to be registered with or approved by such other governmental authorities as may be necessary by virtue of the business
and operations of the Company and do any and all other acts and things that may be necessary or advisable to enable the Holders
of Registrable Securities included in such Registration Statement to consummate the disposition of such Registrable Securities
in such jurisdictions; provided, however, that the Company shall not be required to qualify generally to do business
in any jurisdiction where it would not otherwise be required to qualify or take any action to which it would be subject to general
service of process or taxation in any such jurisdiction where it is not then otherwise so subject;

 

3.1.5 cause
all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar securities
issued by the Company are then listed;

 

3.1.6 provide
a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective
date of such Registration Statement;

 

3.1.7 advise
each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance
of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening
of any proceeding for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order or to
obtain its withdrawal if such stop order should be issued;

 

3.1.8 at
least three (3) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration
Statement or Prospectus, furnish a copy thereof to each seller of such Registrable Securities and its counsel, including, without
limitation, providing copies promptly upon receipt of any comment letters received with respect to any such Registration Statement
or Prospectus;

 

3.1.9 notify
the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities
Act, of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect,
includes a Misstatement, and then to correct such Misstatement as set forth in Section 3.4 hereof;

 

3.1.10 permit a representative
of the Holders (such representative to be selected by a majority of the participating Holders), the Underwriter(s), if any, and
any attorney or accountant retained by such Holders or Underwriter(s) to participate, at each such person’s own expense,
in the preparation of the Registration Statement, and cause the Company’s officers, directors and employees to supply all
information reasonably requested by any such representative, Underwriter, attorney or accountant in connection with the Registration;
provided, however, that any such representative or Underwriter enters into a confidentiality agreement, in form
and substance reasonably satisfactory to the Company, prior to the release or disclosure of any such information; and provided further,
the Company may not include the name of any Holder or Underwriter or any information regarding any Holder or Underwriter in any
Registration Statement or Prospectus, any amendment or supplement to such Registration Statement or Prospectus, any document that
is to be incorporated by reference into such Registration Statement or Prospectus, or any response to any comment letter, without
the prior written consent of such Holder or Underwriter and providing each such Holder or Underwriter a reasonable amount of time
to review and comment on such applicable document, which comments the Company shall include unless contrary to applicable law;

 

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3.1.11 obtain
a “comfort” letter from the Company’s independent registered public accountants in the event of an Underwritten
Registration for the benefit of the Underwriters, in customary form and covering such matters of the type customarily covered by
“comfort” letters as the managing Underwriter(s) may reasonably request;

 

3.1.12 on
the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion and negative assurance
letter, dated such date, of counsel representing the Company for the purposes of such Registration, addressed to the Underwriter(s),
if any, covering such legal matters with respect to the Registration in respect of which such opinion is being given as the Underwriter(s)
may reasonably request and as are customarily included in such opinions and negative assurance letters;

 

3.1.13 in
the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing Underwriter of such offering;

 

3.1.14 make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve
(12) months beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration
Statement which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor
rule promulgated thereafter by the Commission);

 

3.1.15 if
the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $50,000,000, use its
reasonable efforts to make available senior executives of the Company to participate in customary “road show” presentations
that may be reasonably requested by the Underwriter(s) in any Underwritten Offering; and

 

3.1.16 otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Holders, in connection
with such Registration.

 

3.2 Registration
Expenses. Except as otherwise provided herein, the Registration Expenses of all Registrations shall be borne by the Company.
It is acknowledged by the Holders that the Holders shall bear all incremental selling expenses relating to the sale of Registrable
Securities, such as Underwriters’ commissions and discounts, brokerage fees, Underwriter marketing costs and, other than
as set forth in the definition of “Registration Expenses,” all reasonable fees and expenses of any legal counsel representing
any Holder.

 

3.3 Requirements
for Participation in Underwritten Offerings. No person may participate in any Underwritten Offering for equity securities of
the Company pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell such person’s
securities on the basis provided in any underwriting arrangements approved by the Company and (ii) completes and executes
all customary questionnaires, powers of attorney, indemnities, lock-up agreements, underwriting agreements and other customary
documents as may be reasonably required under the terms of such underwriting arrangements.

 

3.4 Suspension
of Sales; Adverse Disclosure. Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains
a Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies
of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare
and file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised in writing
by the Company that the use of the Prospectus may be resumed. If the filing, initial effectiveness or continued use of a Registration
Statement in respect of any Registration at any time would require the Company to make an Adverse Disclosure or would require the
inclusion in such Registration Statement of financial statements that are unavailable to the Company for reasons beyond the Company’s
control, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness
of, or suspend use of, such Registration Statement for the shortest period of time, but in no event more than forty-five (45) days,
determined in good faith by the Company to be necessary for such purpose. In the event the Company exercises its rights under the
preceding sentence, the Holders agree to suspend, immediately upon their receipt of the notice referred to above, their use of
the Prospectus relating to any Registration in connection with any sale or offer to sell Registrable Securities. The Company shall
immediately notify the Holders of the expiration of any period during which it exercised its rights under this Section 3.4.

 

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3.5 Reporting
Obligations. As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting
company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable
grace period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of
the Exchange Act. The Company further covenants that it shall take such further action as any Holder may reasonably request, all
to the extent required from time to time to enable such Holder to sell shares of the Common Stock held by such Holder without registration
under the Securities Act within the limitation of the exemptions provided by Rule 144, including providing any legal opinions.
Upon the request of any Holder, the Company shall deliver to such Holder a written certification of a duly authorized officer as
to whether it has complied with such requirements.

 

3.6 Transfer
Restrictions.

 

3.6.1 During
the applicable Lock-Up Periods, none of the Existing Holders, the Principal Holder or the New Holders shall offer, sell, contract
to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of or distribute any shares of Common Stock
that are subject to an applicable Lock-Up Period or any securities convertible into, exercisable for, exchangeable for or that
represent the right to receive shares of Common Stock that are subject to an applicable Lock-Up Period, whether now owned or hereinafter
acquired, that is owned directly by such Holder (including securities held as a custodian) or with respect to which such Holder
has beneficial ownership within the rules and regulations of the Commission (such securities that are subject to an applicable
Lock-Up Period, the “Restricted Securities”), other than any transfer to an affiliate of a Holder, as
applicable. The foregoing restriction is expressly agreed to preclude each Holder, as applicable, from engaging in any hedging
or other transaction with respect to Restricted Securities which is designed to or which reasonably could be expected to lead to
or result in a sale or disposition of the Restricted Securities even if such Restricted Securities would be disposed of by someone
other than such Holder. Such prohibited hedging or other transactions include any short sale or any purchase, sale or grant of
any right (including any put or call option) with respect to any of the Restricted Securities of the applicable Holder, or with
respect to any security that includes, relates to, or derives any significant part of its value from such Restricted Securities.

 

3.6.2 Each
Holder hereby represents and warrants that it now has and, except as contemplated by this subsection 3.6.2 for the duration
of the applicable Lock-Up Period, will have good and marketable title to its Restricted Securities, free and clear of all liens,
encumbrances, and claims that could impact the ability of such Holder to comply with the foregoing restrictions Each Holder agrees
and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar against the transfer
of any Restricted Securities during the applicable Lock-Up Period.

 

ARTICLE
IV

INDEMNIFICATION AND CONTRIBUTION

 

4.1 Indemnification.

 

4.1.1 The
Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers and directors
and each person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities
and expenses (including attorneys’ fees) caused by any untrue or alleged untrue statement of material fact contained in any
Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission or
alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, except
insofar as the same are caused by or contained in any information furnished in writing to the Company by such Holder expressly
for use therein. The Company shall indemnify the Underwriters, their officers and directors and each person who controls such Underwriters
(within the meaning of the Securities Act) to the same extent as provided in the foregoing with respect to the indemnification
of the Holder.

 

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4.1.2 In
connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish
to the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such
Registration Statement or Prospectus and, to the extent permitted by law, shall indemnify the Company, its directors and officers
and agents and each person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages,
liabilities and expenses (including without limitation reasonable attorneys’ fees) resulting from any untrue statement of
material fact contained in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement
thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading,
but only to the extent that such untrue statement or omission is contained in any information or affidavit so furnished in writing
by such Holder expressly for use therein; provided, however, that the obligation to indemnify shall be several, not
joint and several, among such Holders of Registrable Securities, and the liability of each such Holder of Registrable Securities
shall be in proportion to and limited to the net proceeds received by such Holder from the sale of Registrable Securities pursuant
to such Registration Statement. The Holders of Registrable Securities shall indemnify the Underwriters, their officers, directors
and each person who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the
foregoing with respect to indemnification of the Company.

 

4.1.3 Any
person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with
respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s
right to indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) 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). 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 any 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 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.

 

4.1.4 The
indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by
or on behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive
the transfer of securities. The Company and each Holder of Registrable Securities participating in an offering also agrees to make
such provisions as are reasonably requested by any indemnified party for contribution to such party in the event the Company’s
or such Holder’s indemnification is unavailable for any reason.

 

4.1.5 If
the indemnification provided under Section 4.1 hereof from the indemnifying party is unavailable or insufficient to
hold harmless an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then
the indemnifying party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified
party as a result of such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the
relative fault of the indemnifying party and the indemnified party, as well as any other relevant equitable considerations. The
relative fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether
any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to
state a material fact, was made by, or relates to information supplied by, such indemnifying party or indemnified party, and the
indemnifying party’s and indemnified party’s relative intent, knowledge, access to information and opportunity to correct
or prevent such action and the benefits received by such indemnifying party or indemnified party; provided, however,
that the liability of any Holder under this subsection 4.1.5 shall be limited to the amount of the net proceeds received
by such Holder in such offering giving rise to such liability. The amount paid or payable by a party as a result of the losses
or other liabilities referred to above shall be deemed to include, subject to the limitations set forth in subsections 4.1.1,
4.1.2 and 4.1.3 above, any legal or other fees, charges or expenses reasonably incurred by such party in connection
with any investigation or proceeding. The parties hereto agree that it would not be just and equitable if contribution pursuant
to this subsection 4.1.5 were determined by Pro Rata allocation or by any other method of allocation, which does not
take account of the equitable considerations referred to in this subsection 4.1.5. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to this subsection 4.1.5
from any person who was not guilty of such fraudulent misrepresentation.

 

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ARTICLE
V

MISCELLANEOUS

 

5.1 Notices.
Any notice or communication under this Agreement must be in writing and given by (i) deposit in the United States mail, addressed
to the party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person
or by courier service providing evidence of delivery, or (iii) transmission by hand delivery, electronic mail or facsimile.
Each notice or communication that is mailed, delivered, or transmitted in the manner described above shall be deemed sufficiently
given, served, sent, and received, in the case of mailed notices, on the third business day following the date on which it is mailed
and, in the case of notices delivered by courier service, hand delivery, electronic mail or facsimile, at such time as it is delivered
to the addressee (with the delivery receipt or the affidavit of messenger) or at such time as delivery is refused by the addressee
upon presentation. Any notice or communication under this Agreement must be addressed, if to the Company, to: Porch.com, Inc.,
2200 1st Avenue South, Seattle, Washington 98134, Attention: Chief Executive Officer, and, if to any Holder, at such Holder’s
address or contact information as set forth in the Company’s books and records. Any party may change its address for notice
at any time and from time to time by written notice to the other parties hereto, and such change of address shall become effective
thirty (30) days after delivery of such notice as provided in this Section 5.1.

 

5.2 Assignment;
No Third Party Beneficiaries.

 

5.2.1 This
Agreement and the rights, duties and obligations of the Company and the Holder of Registrable Securities, as the case may be, hereunder
may not be assigned or delegated by the Company or the Holders of Registrable Securities, as the case may be, in whole or in part,
except in connection with a transfer of Registrable Securities by such Holder to a Permitted Transferee but only if such Permitted
Transferee agrees to become bound by the transfer restrictions set forth in this Agreement.

 

5.2.2 Prior
to the expiration of any Lock-Up Period, no Holder subject to any such Lock-Up Period may assign or delegate such Holder’s
rights, duties or obligations under this Agreement, in whole or in part, in violation of the applicable Lock-Up Period, except
in connection with a transfer of Registrable Securities by such Holder to a Permitted Transferee but only if such Permitted Transferee
agrees to become bound by the transfer restrictions set forth in this Agreement.

 

5.2.3 This
Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors
and the permitted assigns of the Holders, which shall include Permitted Transferees.

 

5.2.4 This
Agreement shall not confer any rights or benefits on any persons that are not parties hereto, other than as expressly set forth
in this Agreement and Section 5.2 hereof.

 

5.2.5 No
assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate
the Company unless and until the Company shall have received (i) written notice of such assignment as provided in Section 5.1
hereof and (ii) the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the
terms and provisions of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement).
Any transfer or assignment made other than as provided in this Section 5.2 shall be null and void.

 

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5.3 Counterparts.
This Agreement may be executed in multiple counterparts (including facsimile or PDF counterparts), each of which shall be deemed
an original, and all of which together shall constitute the same instrument, but only one of which need be produced.

 

5.4 Governing
Law; Venue. NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY
AGREE THAT (I) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF NEW YORK AS APPLIED TO AGREEMENTS
AMONG NEW YORK RESIDENTS ENTERED INTO AND TO BE PERFORMED ENTIRELY WITHIN NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS
OF SUCH JURISDICTION AND (II) THE VENUE FOR ANY ACTION TAKEN WITH RESPECT TO THIS AGREEMENT SHALL BE ANY STATE OR FEDERAL
COURT IN NEW YORK COUNTY IN THE STATE OF NEW YORK.

 

5.5 Amendments
and Modifications. Upon the written consent of the Company and the Holders of at least a majority in interest of the Registrable
Securities at the time in question, compliance with any of the provisions, covenants and conditions set forth in this Agreement
may be waived, or any of such provisions, covenants or conditions may be amended or modified; provided, however,
that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects either the Existing Holders as
a group or the New Holders as a group, as the case may be, in a manner that is materially adversely different from the New Holders
or the Existing Holders, respectively, shall require the consent of at least a majority-in-interest of the Registrable Securities
held by such Existing Holders or a majority-in-interest of the Registrable Securities held by the New Holders, as applicable, at
the time in question so affected; provided, further, that notwithstanding the foregoing, any amendment hereto or
waiver hereof that adversely affects one Holder or group of affiliated Holders, solely in its capacity as a holder of the shares
of capital stock of the Company, in a manner that is materially different from the other Holders (in such capacity) shall require
the consent of the Holder or group of affiliated Holders so affected. No course of dealing between any Holder or the Company and
any other party hereto or any failure or delay on the part of a Holder or the Company in exercising any rights or remedies under
this Agreement shall operate as a waiver of any rights or remedies of any Holder or the Company. No single or partial exercise
of any rights or remedies under this Agreement by a party shall operate as a waiver or preclude the exercise of any other rights
or remedies hereunder or thereunder by such party.

 

5.6 Other
Registration Rights. The Company represents and warrants that no person, other than a Holder of Registrable Securities, has
any right to require the Company to register any securities of the Company for sale or to include such securities of the Company
in any Registration filed by the Company for the sale of securities for its own account or for the account of any other person.
Further, the Company represents and warrants that this Agreement supersedes any other registration rights agreement or agreement
with similar terms and conditions and in the event of a conflict between any such agreement or agreements and this Agreement, the
terms of this Agreement shall prevail.

 

5.7 Term.
This Agreement shall terminate upon the earlier of (i) the tenth anniversary of the date of this Agreement and (ii) the
date as of which (A) all of the Registrable Securities have been sold or disposed of or (B) the Holders of all Registrable
Securities are permitted to sell the Registrable Securities under Rule 144 under the Securities Act without limitation on the amount
of securities sold or the manner of sale. The provisions of Section 3.5 and Article IV shall survive any
termination.

 

[Signature Page Follows]

 

    16

     

    

 

IN WITNESS WHEREOF,
the undersigned have caused this Agreement to be executed as of the date first written above.

 

	 	COMPANY:
	 	 
	 	PROPTECH ACQUISITION CORPORATION, 
	 	a Delaware corporation

 

	 	By:	/s/ Thomas D. Hennessy
	 	 	Name:  Thomas D. Hennessy
	 	 	Title:    Co-Chief Executive Officer and President

 

	 	SPONSOR:
	 	 
	 	HC PROPTECH PARTNERS I LLC, 
	 	a Delaware limited liability company

 

	 	By:	/s/ M. Joseph Beck
	 	 	Name: M. Joseph Beck
	 	 	Title:   Managing Member

 

	 	EXISTING HOLDERS

 

	 	/s/ Mark Farrell
	 	Mark Farrell

 

	 	/s/ Jack Leeney
	 	Jack Leeney
	 	 
	 	/s/ Courtney Robinson
	 	Courtney Robinson
	 	 
	 	/s/ Margaret Whelan
	 	Margaret Whelan
	 	 
	 	/s/ Greg Ethridge
	 	Greg Ethridge

 

[Signature Page to Amended and Restated
Registration Rights Agreement]

 

     

     

    

 

	 	NEW HOLDERS:
	 	 
	 	/s/ Matthew Erhlichman
	 	Matthew Ehrlichman
	 	 
	 	Steven J. McLaughlin Revocable Trust 

 

	 	By:	/s/ Steve McLaughlin
	 	 	Name: Steve McLaughlin
	 	 	Title:   Managing Partner

 

[Signature Page to Amended and Restated
Registration Rights Agreement]

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