Document:

Exhibit
10.5

 

Pettanicals
Pet Treats, Inc. TERMINATION Agreement

AND
Mutual Release

 

This
Termination Agreement (“Agreement”) is made and entered into as of March 6, 2020. On or about September 12, 2019,
Hemp Technology, Inc., a Wyoming corporation, hereinafter referred to as “Purchaser” and 1064185 B.C. Ltd, a Canadian
British Columbia corporation and Vanessa Nadina Miskusi, a individual residing in Alberta, Canada, and Pettanicals Pet Treats,
Inc., a Canadian British Columbia herein referred to as “Sellers” entered into a Purchase and Sale Agreement, whereby
the Purchaser agreed to purchase Pettanicals Pet Treats, Inc. on or before the first anniversary of the Purchase and Sale Agreement.

 

As
part of the Purchase and Sale Agreement, the Purchaser placed 1,020,000,000 of its common shares into an escrow, and the Purchaser
was required to pay an additional fee of $153,000 to the Sellers, before the actual purchase of Pettanicals Pet Treats was finalized.

 

In
the best interest of all Parties, the Purchaser and Sellers have agreed to terminate this Agreement based on the following terms
and conditions:

 

1.
As consideration for entering into this Agreement, the Sellers agree to forebear in taking any formal legal action against the
Purchaser and unconditionally release the Purchaser from the Agreement.

 

2.
As consideration for entering into this Agreement, the Purchaser agrees to forebear in taking any formal legal action against
the Sellers and unconditionally release the Sellers from the Agreement.

 

3.
The Purchaser and Sellers have agreed to cancel the 1,020,0000 common shares held in escrow, and that these shares be returned
to the returned to the Hemp Technology, Inc.’s Treasury for cancellation by its authorize stock transfer agent.

 

4.
This Agreement cancels all current and past obligations owed to the Sellers by the Purchaser and owed to the Purchaser by the
Sellers.

 

5.
All Parties hereby mutually release, cancel, forgive and forever discharge the other Parties from all actions, claims, demands,
damages, obligations, liabilities, controversies and executions, of any kind or nature whatsoever, whether known or unknown, whether
suspected or not, which have arisen, or may have arisen, or shall arise by reason of the incident described above does specifically
waive any claim or right to assert any cause of action or alleged case of action or claim or demand which has, through oversight
or error intentionally or unintentionally or through a mutual mistake, been omitted from this Release.

 

6.
This Termination Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of
which shall together constitute one and the same agreement.

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of the Effective Date.

 

	Purchasers:	 	Sellers:	 	 
	Hemp
    Technology, Inc.	 	1064185
    B.C. Ltd,	 	 
	 	 	 	 	 
	/s/
    Michael Shenher	 	/s/
    Chad Costa	 	/s/
    Vanessa Nadine Miskuri
	Michael
Shenher  	 	Chad
    Costa 	 	Vanessa
    Nadina Miskusi
	CEO	 	 	 	 
	 	 	Pettanicals
    Pet Treats, Inc.	 	 
	 	 	 	 	 
	 	 	/s/
    Chad CostsaEX-10.7

 Exhibit 10.7 

EXECUTION VERSION 

AMENDMENT NO. 1, dated as of March 18, 2020 (this “Amendment”), to the NAC FOUNDER SUPPORT AGREEMENT, dated as of
January 5, 2020 (the “Agreement”), by and among Nebula Acquisition Corp., a Delaware corporation (“NAC”), Nebula Parent Corp., a Delaware corporation, Open Lending, LLC, a Texas limited liability company, and
each of the stockholders of NAC whose names appear on the signature pages of the Agreement. Unless otherwise defined herein, capitalized terms are used herein as defined in the Agreement. 

WITNESSETH: 
 WHEREAS, the
parties have entered into the Agreement; and 
 WHEREAS, the parties wish to amend the Agreement as set forth in this Amendment. 

NOW, THEREFORE, in consideration of the rights and obligations contained herein, and for other good and valuable consideration, the adequacy
of which is hereby acknowledged, the parties agree as follows: 
 Section 1. Amendments the Agreement. 

 

	(A).	 Section 5 of the Agreement is hereby deleted in its entirety and replaced with the
following: 

 “5. Earn-Out Consideration. 

(a) The Sponsor, the Company and NAC hereby agree that following the Closing, in addition to the consideration to be received pursuant to the
BCA, ParentCo shall be required to issue to the Sponsor an additional One Million Two Hundred Fifty Thousand (1,250,000) ParentCo Common Shares, in the aggregate (the “Earn-Out
Consideration”), if any time prior to or as of the second anniversary of the Closing, the VWAP is greater than or equal to Thirteen Dollars ($13.00) over any twenty (20) trading days within any thirty (30) trading day period (the
“Earn-Out Target”). 
 (b) If the Earn-Out
Target set forth in Section 5(a) shall have been achieved, within five (5) Business Days following the achievement of the Earn-Out Target, ParentCo shall issue the Earn-Out Consideration to the Sponsor. 
 (c) If a Change of Control of ParentCo occurs prior to the
second anniversary of the Closing and the Earn-Out Consideration that is issuable pursuant to Section 5(a) remains unissued as of immediately prior to the consummation of such Change
of Control, the Earn-Out Consideration shall immediately vest and the Sponsor shall be entitled to receive the Earn-Out Consideration prior to the consummation of such
Change of Control. 
 (d) The Earn-Out Consideration and the
Earn-Out Target shall be adjusted to reflect appropriately the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into ParentCo
Common Shares), reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with respect to ParentCo Common Shares, occurring on or after the date hereof and prior to the time the Earn-Out Consideration is delivered to Sponsor, if any.” 

	 	(B).	 Exhibit B of the Agreement is hereby deleted in its entirety and replaced with the following:

 “AMENDMENT TO THE LETTER AGREEMENT 

Effective as of the consummation of the transactions contemplated by the BCA, sub-paragraph (a) of paragraph 7 is
hereby deleted in its entirety and replaced with the following: 
 (a) The Sponsor and each Insider agrees that it or he shall not Transfer
any Founder Shares (or, for all purposes of this Letter Agreement, shares of Common Stock issuable upon conversion thereof or shares of capital stock for which such Founder Shares may have been exchanged pursuant to the Company’s initial
Business Combination) except as follows: 
 (A) one half of such Founder Shares shall not have any restrictions on Transfer
under this Agreement six (6) months following completion of the Company’s initial Business Combination; 
 (B) the
remaining one half of such Founder Shares shall not have any restrictions on Transfer under this Agreement if, at any time prior to or as of the seventh (7th) anniversary of the completion of the
Company’s initial Business Combination, the daily volume weighted average price (the “VWAP”) of the shares of Common Stock is greater than or equal to $13.00 per share (as adjusted for stock splits, stock dividends,
reorganizations, recapitalizations and the like) over any twenty (20) trading days within any thirty (30) trading day period; 

(C) notwithstanding clause (B), all Founder Shares shall not have any restrictions on Transfer under this Agreement on the
date, if prior to or as of the seventh (7th) anniversary of the completion of the Company’s initial Business Combination, on which the Company (or the successor to the Company pursuant to the
Company’s initial Business Combination) undergoes a Change of Control (collectively, the “Founder Shares Lock-up Period”) 

Following the seventh (7th) anniversary of the completion of the Company’s initial Business Combination, the Sponsor and each Insider shall immediately
and, in any event within five (5) business days, forfeit and surrender to the Company (for no consideration), any Founder Shares which shall not have become freely Transferable pursuant to the provisions of clauses (A), (B), or (C) above.
For purposes of this paragraph (a), “Change of Control” shall have the meaning specified in that certain Business Combination Agreement, dated as of January 5, 2020, among Nebula Acquisition Corp., Open Lending, LLC, BRP Hold 11,
Inc., Nebula Parent Corp., NBLA Merger Sub LLC, NBLA Merger Sub Corp. and certain other persons.” 

  
 2 

 Section 2. Parties in Interest. This Amendment shall be binding upon and inure
solely to the benefit of each party hereto, and nothing in this Amendment, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Amendment. No
Founder shall be liable for the breach by any other Founder of this Amendment. 
 Section 3. Entire Agreement. This Amendment
constitutes the entire agreement among the parties with respect to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof.
Except as amended by this Amendment, the Agreement shall continue in full force and effect. 
 Section 4. Counterparts. This
Amendment may be executed and delivered (including by facsimile or portable document format (pdf) transmission) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to
be an original but all of which taken together shall constitute one and the same agreement. 
 Section 5. Governing Law. This
Amendment shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed in and to be performed in that State. 

[Signature Page Follows] 

  
 3 

 IN WITNESS WHEREOF the parties have hereunto caused this Amendment to be duly executed as of
the date first set forth above. 
  

			
	NEBULA ACQUISITION CORP.
		
		 	/s/ Adam Clammer
		 	Name: Adam Clammer
		 	Title: Co-Chief Executive Officer

  

			
	NEBULA PARENT CORP.
		
		 	/s/ Adam Clammer
		 	Name: Adam Clammer
		 	Title: President

  

			
	OPEN LENDING, LLC
		
		 	/s/ Ross Jessup
		 	Name: Ross Jessup
		 	Title: CFO, COO and Secretary

 [Signature Page to Amendment to Founder Support Agreement] 

 
			
	FOUNDERS:
	
	Nebula Holdings, LLC
		
	 By:
	 	/s/ Adam H. Clammer
	Name:	 	 Adam H. Clammer

	Title:	 	 Managing Member

  

			
	 Adam H. Clammer
  

/s/ Adam H. Clammer

  

			
	 James H. Greene, Jr.
  

/s/ James H. Greene, Jr.

  

			
	 Rufina Adams
  

/s/ Rufina Adams

  

			
	 David Kerko
  

/s/ David M. Kerko

 [Signature Page to Amendment to Founder Support Agreement] 

 
			
	 James C. Hale
  

/s/ James C. Hale

  

			
	 Ronald Lamb
  

/s/ Ronald Lamb

 [Signature Page to Amendment to Founder Support Agreement]

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