Document:

EX-10.9

 Exhibit 10.9 

____________, 2021 
 N2 Acquisition Holdings Corp.

 500 South Pointe Drive, Suite 240 
 Miami Beach, FL 33139

 Credit Suisse Securities (USA) LLC 
 Citigroup Global
Markets Inc. 
 UBS Securities LLC 
 c/o Credit Suisse
Securities (USA) LLC 
 Eleven Madison Avenue 
 New York, NY
10010 
 c/o Citigroup Global Markets Inc. 
 388 Greenwich
Street 
 New York, New York 10013 
 c/o UBS Securities
LLC 
 1285 Avenue of the Americas 
 New York, New
York 10019 
  

	Re:	         Initial Public Offering 

Ladies and Gentlemen: 
 This letter (the “Letter
Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between N2 Acquisition Holdings Corp., a Delaware corporation (the
“Company”) and Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and UBS Securities LLC, as representatives (the “Representatives”) of the several underwriters named in Schedule A
thereto (the “Underwriters”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each unit comprised of one share of the
Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), and one-fourth of one redeemable warrant, each whole warrant exercisable for one share of
Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 12 hereof. 
 In order to induce
the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows: 
  

	 	1.	 If the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all
shares of Common Stock beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination. 

  

	 	2.	 In the event that the Company does not complete a Business Combination within the time period set forth in the
Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the
Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations, if any (less up to
$100,000 of interest to pay dissolution expenses), divided by the 

	 	
number of the then outstanding IPO Shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation
distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s board of directors, liquidate and dissolve , subject in
each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any
distribution of the Trust Account and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares owned by the undersigned. However, if any of the undersigned have acquired IPO Shares in or after the
IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company does not complete a Business Combination within the time period set forth in the Charter. The undersigned
acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation. 

 

	 	3.	 The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business
Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the
Company must obtain an opinion from an independent investment banking firm, which is a member of the Financial Industry Regulatory Authority, or an independent accounting firm that such Business Combination is fair to the Company’s unaffiliated
stockholders from a financial point of view. 

  

	 	4.	 None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the
undersigned will be entitled to receive and will not accept any compensation or other cash payment from the Company prior to, or for services rendered in order to effectuate, the completion of the Business Combination; provided that the Company
shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.” 

 

	 	5.	 (a)The undersigned agrees not to Transfer the Founder Shares (or any shares of Common Stock issuable upon
conversion therof) (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) one year after the completion of the Company’s
initial Business Combination or (2) subsequent to the Company’s initial Business Combination, (x) if the last reported sale price of Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date
on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other
property. 

 (b) Notwithstanding the provisions set forth in paragraphs 5(a) and 5(c), during the period commencing on the
effective date of the Underwriting Agreement and ending 180 days after such date, the undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, (i) sell, offer to sell, contract or
agree to sell, hypothecate, pledge, hedge or otherwise dispose of or agree to dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective
economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or
participation in the filing) of a registration statement with the Securities and Exchange Commission (the “SEC”) in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent
position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) and the rules and regulations of the SEC promulgated thereunder with respect to, any Units, shares of
Common Stock, Founder Shares or Warrants or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock owned by it, him or her, (ii) enter into any swap or other arrangement that transfers to another, in whole
or in part, any of the economic consequences of 

 
ownership of any Units, shares of Common Stock, Founder Shares, Warrants or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock owned by it, him or her,
whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii) publicly announce any intention to effect any transaction, including the filing of a registration statement, specified in clause
(i) or (ii). The provisions of this paragraph will not apply (i) to the transfer of Founder Shares to any independent director appointed or elected to the Company’s board of directors before or after the IPO or (ii) if the
release or waiver is effected solely to permit a transfer not for consideration and, in each case the transferee has agreed in writing to be bound by the same terms described in this Letter Agreement to the extent and for the duration that such
terms remain in effect at the time of the transfer. 
 (c) The undersigned agrees not to Transfer any Private Placement Warrants (or shares
of Common Stock issued or issuable upon the exercise of the Private Placement Warrants), until 30 days after the completion of the Company’s initial Business Combination. 

(d) Notwithstanding the provisions set forth in paragraphs 5(a) and (c), Transfers by the undersigned of the Founder Shares, Private Placement
Warrants and shares of Common Stock issued or issuable upon the exercise of the Private Placement Warrants or conversion of the Founder Shares are permitted (i) to the Company’s officers or directors, any affiliates or family members of
any of the Company’s officers or directors, to N2 Acquisition Founder LLC, a Delaware limited liability company (the “Sponsor”), any members of the Sponsor or their affiliates, any affiliates of the Sponsor, or any
employees of such affiliates; (ii) in the case of an individual, by gift to a member of the individual’s immediate family or to a trust, the beneficiary of which is a member of one of the individual’s immediate family, an affiliate of
such person or to a charitable organization; (iii) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified domestic relations
order; (v) by private sales or transfers made in connection with the completion of the Business Combination at prices no greater than the price at which the Founder Shares, Private Placement Warrants or shares of Common Stock, as applicable,
were originally purchased; (vi) by virtue of the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor; (vii) to the Company for no value for cancellation in connection with the completion of the Business
Combination; (viii) in the event of the Company’s liquidation prior to the completion of a Business Combination; or (ix) in the event of completion of a liquidation, merger, share exchange or other similar transaction which results in
all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property subsequent to the completion of a Business Combination; provided, however, that in the case of
clauses (i) through (vi) these permitted transferees must enter into a written agreement agreeing to be bound by the restrictions herein. For the avoidance of doubt, the transfers of Founder Shares, Private Placement Warrants and shares of
Common Stock issued or issuable upon the exercise of the Private Placement Warrants or conversion of the Founder Shares shall be permitted regardless of whether a filing under Section 16(a) of the Exchange Act shall be required or shall be
voluntarily made with respect to such transfers. 
 (e) The undersigned acknowledges and agrees that if, in order to complete any Business
Combination, the holders of Founder Shares or Private Placement Warrants are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties,
the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Warrants, as applicable, pro rata with the other holders of Founder
Shares or Private Placement Warrants, as applicable. 
  

	 	6.	 Each Insider hereby agrees and acknowledges that: (i) the Underwriters and the Company would be
irreparably injured in the event of a breach by such Insider of his or her obligations under paragraphs 1, 2, 3, 4, 5, 7, 10 and 11 of this Letter Agreement (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to seek injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach. 

	 	7.	 In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the
undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business
that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or
future fiduciary or contractual obligations the undersigned might have. 

  

	 	8.	 The undersigned agrees to be a director or officer of the Company, as applicable, until the earlier of the
completion by the Company of an initial Business Combination, the liquidation of the Company, or his or her removal, death or incapacity. In the event of the removal or resignation of the undersigned as a director or officer (as applicable), the
undersigned agrees that he or she will not, prior to the completion of the Business Combination, without the prior express written consent of the Company, (i) use for the benefit of the undersigned or to the detriment of the Company or
(ii) disclose to any third party (unless required by law or governmental authority), any information regarding a potential target of the Company that is not generally known by persons outside of the Company, the Sponsor, or their respective
affiliates. The undersigned’s biographical information previously furnished to the Company and the Representatives is true and accurate in all material respects, does not omit any material information with respect to the undersigned’s
background and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA
Questionnaire previously furnished to the Company and the Representatives is true and accurate in all material respects. The undersigned represents and warrants that: 

(a) He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; 

(b) He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial
transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and 

(c) He or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities
or commodities license or registration denied, suspended or revoked. 
  

	 	9.	 The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter
into this Letter Agreement and to serve as a director or officer of the Company, as applicable. 

  

	 	10.	 The undersigned hereby waives his or her right to exercise redemption rights with respect to any of the
Company’s shares of Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek redemption with respect to such shares
(or sell such shares to the Company in any tender offer) in connection with any stockholder vote to approve (x) a Business Combination or (y) an amendment to the Charter that would affect the substance or timing of the Company’s
obligation to allow redemption in connection with the Business Combination or to redeem 100% of the shares of Common Stock if the Company has not completed a Business Combination within 24 months from the closing of the IPO. 

 

	 	11.	 The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Section 9.2(d) of the
Charter prior to the completion of a Business Combination unless the Company provides public stockholders with the opportunity to redeem their shares of Common Stock upon such approval in accordance with such Section 9.2(d) thereof.

  

	 	12.	 This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State
of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The undersigned hereby (i) agrees that any action, proceeding or claim against him arising
out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which
jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. 

	 	13.	 As used herein, (i) a “Business Combination” shall mean a merger, stock exchange,
asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company
immediately prior to the IPO; (iii) “Founder Shares” shall mean all of the Class B common stock of the Company, par value $0.0001 per share, acquired by an Insider prior to the IPO; (iv) “IPO
Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Warrants” shall mean the warrants that are being sold privately by the Company simultaneously with the
consummation of the IPO; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of,
directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of
the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such
transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); (vii) “Trust Account” shall
mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Warrants will be deposited; and (viii) “Registration Statement” means the
Company’s registration statement on Form S-1 (SEC File No. 333-254119) filed with the SEC, as amended. 

 

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

 

	 	15.	 The undersigned acknowledges and understands that the Underwriters and the Company will rely upon the
agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render any Underwriter, a representative of, or a fiduciary with respect to, the Company, its stockholders or any
creditor or vendor of the Company with respect to the subject matter hereof. 

  

	 	16.	 This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs,
personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the completion of a Business Combination and (ii) the liquidation of the Company; provided, that such termination shall not relieve the
undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the
other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. 

[Signature Page Follows] 

 
			
	Sincerely,
		
	By:	 	
                     
        

	Name of Insider:

 
			
	Acknowledged and Agreed:
	
	N2 ACQUISITION HOLDINGS CORP.
		
	By:	 	
                     
    

	Name:
	Title:Exhibit 10.4

   

  Mercury Ecommerce Acqusition Corp.

  3737 Buffalo Speedway, Suite 1750

  Houston, Texas 770098 

   

  March 4, 2021

   

  Mercury Sponsor Group I LLC

  3737 Buffalo Speedway, Suite 1750

  Houston, Texas 770098

   

  		RE:	Securities Subscription Agreement

   

  Ladies and Gentlemen:

   

  Mercury Ecommerce Acquisition
    Corp., a Delaware corporation (the “Company” or “us”), is pleased to accept the offer of
    Mercury Sponsor Group I LLC, a Delaware limited liability company (the “Subscriber” or “you”),
    has made to subscribe for 5,031,250 shares of Class B common stock (the “Shares”), $0.0001 par value per
    share, of the Company (the “Class B Shares”), up to 656,250 of which are subject to forfeiture by you if
    the underwriters of the Company’s initial public offering of its securities (“IPO”), if any, do not fully
    exercise their over-allotment option (the “Over-allotment Option”). For the purposes of this agreement (this
    “Agreement”), references to “Common Stock” are to, collectively, the Class B Shares and the
    Company’s shares of Class A common stock, $0.0001 par value per share (the “Class A Shares”). Upon certain
    terms and conditions, the Class B Shares will automatically convert into Class A Shares on a one-for-one basis, subject to adjustment.
    Unless the context otherwise requires, as used herein “Shares” shall be deemed to include any Class A Shares
    issued upon conversion of the Class B Shares comprising the Shares. The terms on which the Company is willing to issue the Shares
    to the Subscriber, and the Company and the Subscriber’s agreements regarding such Shares, are as follows:

   

  1.  Subscription of Shares.
    For the sum of $25,000, which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber,
    and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions
    set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall effect the
    delivery of the Shares in book-entry form.

   

  2.   Representations,
      Warranties and Agreements.

   

  2.1   Subscriber’s
      Representations, Warranties and Agreements.  To induce the Company to issue the Shares to the Subscriber, the Subscriber
    hereby represents and warrants to the Company and agrees with the Company as follows: 

   

  2.1.1   No
      Government Recommendation or Approval.  The Subscriber understands that no federal or state agency has passed upon
    or made any recommendation or endorsement of the offering of the Shares.

   

  2.1.2   No
      Conflicts.  The execution, delivery and performance of this Agreement and the consummation by the Subscriber of the
    transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the limited liability company
    agreement of the Subscriber, (ii) any agreement, indenture or instrument to which the Subscriber is a party, (iii) any
    law, statute, rule or regulation to which the Subscriber is subject, or (iv) any agreement, order, judgment or decree to which
    the Subscriber is subject.

   

  2.1.3   Organization
      and Authority.  The Subscriber is a Delaware limited liability company, validly existing and in good standing under
    the laws of the State of Delaware and possesses all requisite power and authority necessary to carry out the transactions contemplated
    by this Agreement. Upon execution and delivery by you, this Agreement is a legal, valid and binding agreement of the Subscriber,
    enforceable against the Subscriber in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy,
    insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to
    general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

   

  
  
    	 		 

  

  
     

  

  
  

   

  2.1.4   Experience,
      Financial Capability and Suitability.  The Subscriber is: (i) sophisticated in financial matters and is able to evaluate
    the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its investment in the Shares
    for an indefinite period of time because the Shares have not been registered under the Securities Act of 1933, as amended (the
    “Securities Act”), and therefore cannot be sold unless such transaction is registered under the Securities Act
    or an exemption from such registration is available. The Subscriber is capable of evaluating the merits and risks of its investment
    in the Company and has the capacity to protect its own interests. The Subscriber must bear the economic risk of this investment
    until the Shares are sold pursuant to: (x) an effective registration statement under the Securities Act or (y) an exemption from
    registration available with respect to such sale. The Subscriber is able to bear the economic risks of an investment in the Shares
    and can afford a complete loss of the Subscriber’s investment in the Shares.

   

  2.1.5   Access
      to Information; Independent Investigation.  Prior to the execution of this Agreement, the Subscriber has had the
    opportunity to ask questions of and receive answers from representatives of the Company concerning an investment in the Company,
    as well as the finances, operations, business and prospects of the Company, and the opportunity to obtain additional information
    to verify the accuracy of all information so obtained. In determining whether to make this investment, the Subscriber has relied
    solely on the Subscriber’s own knowledge and understanding of the Company and its business based upon the Subscriber’s
    own due diligence investigation and the information furnished pursuant to this paragraph. The Subscriber understands that no person
    has been authorized to give any information or to make any representations which were not furnished pursuant to this Section
      2, and the Subscriber has not relied on any other representations or information in making its investment decision, whether
    written or oral, relating to the Company, its operations and/or its prospects.

   

  2.1.6   Private
      Placement.  The Subscriber represents that it is an “accredited investor” as such term is defined in
    Rule 501(a) of Regulation D under the Securities Act, and acknowledges the sale contemplated hereby is being made in reliance on
    a private placement exemption applicable to “accredited investors” within the meaning of Rule 501(a) of Regulation
    D under the Securities Act or similar exemptions under state law.

   

  2.1.7   Investment
      Purposes.  The Subscriber is purchasing and subscribing for the Shares solely for investment purposes, for the Subscriber’s
    own account and not for the account or benefit of any other person, and not with a view towards the distribution or dissemination
    thereof. The Subscriber did not enter into this Agreement as a result of any general solicitation or general advertising within
    the meaning of Rule 502 of Regulation D under the Securities Act.

   

  2.1.8   Restrictions
      on Transfer; Shell Company.  The Subscriber understands the Shares are being offered in a transaction not involving
    a public offering within the meaning of the Securities Act. The Subscriber understands the Shares will be “restricted securities”
    within the meaning of Rule 144(a)(3) under the Securities Act, and the Subscriber understands that the book-entries representing
    the Shares will contain a legend or notation in respect of such restrictions. If in the future the Subscriber decides to offer,
    resell, pledge or otherwise transfer the Shares, such Shares may be offered, resold, pledged or otherwise transferred only pursuant
    to (i) registration under the Securities Act or (ii) an available exemption from registration. The Subscriber agrees that if any
    transfer of its Shares or any interest therein is proposed to be made, as a condition precedent to any such transfer, the Subscriber
    may, at the Company’s option, be required to deliver to the Company an opinion of counsel satisfactory to the Company. Absent
    registration or an exemption, the Subscriber agrees not to resell the Shares. The Subscriber further acknowledges that because
    the Company is a shell company, Rule 144 may not be available to the Subscriber for the resale of the Shares until at least one
    year following consummation of the initial business combination of the Company (which may not occur), despite technical compliance
    with the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

   

  2.1.9   No
      Governmental Consents.  No governmental, administrative or other third party consents or approvals are required,
    necessary or appropriate on the part of the Subscriber in connection with the transactions contemplated by this Agreement.

   

  2.2   Company’s
      Representations, Warranties and Agreements.  To induce the Subscriber to purchase the Shares, the Company hereby
    represents and warrants to the Subscriber and agrees with the Subscriber as follows:

   

  2.2.1   Incorporation
      and Corporate Power.  The Company is a corporation duly organized, validly existing and in good standing under the
    laws of the State of Delaware and is qualified to do business in every

   

  
  
    	 	2	 

  

  
     

  

  
   

  jurisdiction in which the failure to so
    qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets
    of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated
    by this Agreement.

   

  2.2.2   No
      Conflicts.  The execution, delivery and performance of this Agreement and the consummation by the Company of the
    transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the Company’s Certificate
    of Incorporation or Bylaws of the Company, as amended to the date hereof (collectively, the “Organizational Documents”),
    (ii) any agreement, indenture or instrument to which the Company is a party, (iii) any law, statute, rule or regulation to which
    the Company is subject, or (iv) any agreement, order, judgment or decree to which the Company is subject.

   

  2.2.3   Title
      to Shares.  Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Organizational Documents,
    the Shares will be duly and validly issued as fully paid and non-assessable. Upon issuance in accordance with, and payment pursuant
    to, the terms hereof and the Organizational Documents, the Subscriber will have or receive good title to the Shares, free and clear
    of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other agreements
    to which the Shares may be subject, (ii) transfer restrictions under federal and state securities laws, and (iii) liens, claims
    or encumbrances imposed due to the actions of the Subscriber.

   

  2.2.4   No
      Adverse Actions.  There are no actions, suits, investigations or proceedings pending, threatened against or affecting
    the Company which: (i) seek to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated
    by this Agreement or (ii) question the validity or legality of any transactions or seek to recover damages or to obtain other relief
    in connection with any transactions.

   

  2.2.5   Authorization.  The
    Class A Shares issuable upon conversion of the Class B Shares have been duly authorized and reserved for issuance upon such conversion.

   

  3.   Forfeiture of Shares.

   

  3.1   Partial
      or No Exercise of the Over-allotment Option.  In the event the Over-allotment Option granted to the underwriters
    of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees
    of Shares, subject to the terms of the applicable transfer and assignment agreement) shall forfeit at the time such Over-allotment
    Option expires (or earlier if the underwriters of the IPO waive their ability to exercise such Over-allotment Option) any and all
    rights to such number of Shares (up to an aggregate of 656,250 Shares and pro rata based upon the percentage of the Over-allotment
    Option exercised) such that immediately following such forfeiture, the number of Shares will equal 20% of the issued and outstanding
    Common Stock immediately following the IPO (in each case, not including Class A Shares issuable upon exercise of any warrants).

   

  3.2   Termination
      of Rights as Stockholder.  If any of the Shares are forfeited in accordance with this Section 3, then after
    such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and
    the Company shall take such action as is appropriate to cancel such forfeited Shares.

   

  4.   Waiver of Liquidation
      Distributions; Redemption Rights.  In connection with the Shares purchased and subscribed for pursuant to this Agreement,
    the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company
    from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially
    all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the
    Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event
    the Subscriber purchases securities in the IPO or in the aftermarket, any Class A Shares so purchased and subscribed for shall
    be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to
    redeem any shares of Common Stock held by it into funds held in the Trust Account upon the successful completion of an initial
    business combination.

   

  5.   Restrictions on
      Transfer.

   

  5.1   Securities
      Law Restrictions.  In addition to any restrictions to be contained in that certain letter agreement (commonly known
    as an “Insider Letter”) dated on or prior to the closing of the IPO by and among the

   

  
  
    	 	3	 

  

  
     

  

  
   

  Subscriber, the Company and the other parties
    thereto, the Subscriber agrees not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Shares
    unless, prior thereto (i) a registration statement on the appropriate form under the Securities Act and applicable state securities
    laws with respect to the Shares proposed to be transferred shall then be effective or (ii) the Company has received, if requested
    by the Company, an opinion from counsel reasonably satisfactory to the Company, that such registration is not required because
    such transaction is exempt from registration under the Securities Act and the rules promulgated by the Securities and Exchange
    Commission thereunder and with all applicable state securities laws. 

   

  5.2   Lock-up.  The
      Subscriber acknowledges that the Shares will be subject to lock-up provisions (the “Lock-up”) contained in the
      Insider Letter.

   

  5.3   Restrictive
      Legends.  The book-entries representing the Shares shall contain legends or notations thereon substantially to the
    effect as follows:

   

  “THE SECURITIES REPRESENTED
      HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES
      NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
      STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL
      (IF THE COMPANY SO REQUESTS), IS AVAILABLE.” 

   

  “THE SECURITIES REPRESENTED
      HEREBY ARE SUBJECT TO A LOCK-UP AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE
      LOCK-UP.”

   

  5.4   Additional
      Shares or Substituted Securities.  In the event of the declaration of a stock dividend, the declaration of an extraordinary
    dividend payable in a form other than Common Stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization
    or a similar transaction affecting the Company’s outstanding Common Stock without receipt of consideration, any new, substituted
    or additional securities or other property which are by reason of such transaction distributed with respect to any Shares subject
    to this Section 5 or into which such Shares thereby become convertible shall immediately be subject to this Section 5
    and Section 3 hereof. Appropriate adjustments to reflect the distribution of such securities or property shall be made to
    the number and/or class of Common Stock subject to this Section 5 and Section 3 hereof.

   

  5.5   Registration
      Rights.  The Subscriber acknowledges that the Shares are being purchased and subscribed for pursuant to an exemption
    from the registration requirements of the Securities Act and will become freely tradable only after certain conditions are met
    or they are registered pursuant to a registration rights agreement to be entered into with the Company prior to the closing of
    the IPO (the “Registration Rights Agreement”).

   

  6.   Other Agreements.

   

  6.1   Further
      Assurances.  The Subscriber agrees to execute such further instruments and to take such further action as may reasonably
    be necessary to carry out the intent of this Agreement.

   

  6.2   Notices.  All
    notices, statements or other documents which are required or contemplated by this Agreement shall be in writing and delivered:
    (i) personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission
    to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address
    or fax number as may be designated in writing by such party and (iii) by electronic mail, to the email address most recently provided
    to such party or such other email address as may be designated in writing by such party. Any notice or other communication so transmitted
    shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written
    confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service
    or five (5) days after mailing if sent by mail.

   

  
  
    	 	4	 

  

  
     

  

  
  

   

  6.3   Entire
      Agreement.  This Agreement, together with the Insider Letter and the Registration Rights Agreement, each substantially
    in the form to be filed as an exhibit to the Company’s Registration Statement on Form S-1 for the IPO, embodies the entire
    agreement and understanding between the Subscriber and the Company with respect to the subject matter hereof and supersedes all
    prior oral or written agreements and understandings relating to the subject matter hereof. No statement, representation, warranty,
    covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or restrict,
    the express terms and provisions of this Agreement. 

   

  6.4   Modifications
      and Amendments.  The terms and provisions of this Agreement may be modified or amended only by written agreement
    executed by all parties hereto.

   

  6.5   Waivers
      and Consents.  The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted,
    only by a written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent
    shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement,
    whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which
    it was given, and shall not constitute a continuing waiver or consent.

   

  6.6   Assignment.  The
    rights and obligations under this Agreement may not be assigned by either party hereto without the prior written consent of the
    other party.

   

  6.7   Benefit.  All
    statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto and
    shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall
    be construed to create any rights or obligations except among the parties hereto, and no person or entity shall be regarded as
    a third-party beneficiary of this Agreement.

   

  6.8   Governing
      Law.  This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with
    and governed by the laws of the State of New York applicable to contracts wholly performed within the borders of such state.

   

  6.9  Severability.  In
    the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof, contained in this
    Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent that
    such court deems it reasonable and enforceable, and as so limited shall remain in full force and effect. In the event that such
    court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall
    nevertheless remain in full force and effect.

   

  6.10   No
      Waiver of Rights, Powers and Remedies.  No failure or delay by a party hereto in exercising any right, power or remedy
    under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or
    remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any
    abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or
    further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto
    shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party
    not expressly required under this Agreement shall entitle the party receiving such notice or demand to any other or further notice
    or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any
    other or further action in any circumstances without such notice or demand.

   

  6.11  Survival
      of Representations and Warranties.  All representations and warranties made by the parties hereto in this Agreement
    or in any other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery
    hereof and any investigations made by or on behalf of the parties.

   

  6.12   No
      Broker or Finder.  Each of the parties hereto represents and warrants to the other that no broker, finder or other
    financial consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such
    a way as to create any liability on the other. Each of the parties hereto agrees to indemnify and save the other harmless from
    any claim or demand for commission or other compensation by any broker, finder, financial consultant or similar agent claiming
    to have been employed by or on behalf of such party and to bear the cost of legal expenses incurred in defending against any such
    claim.

   

  
  
    	 	5	 

  

  
     

  

  
  

   

  6.13   Headings
      and Captions.  The headings and captions of the various sections of this Agreement are for convenience of reference
    only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

   

  6.14   Counterparts;
      Electronic Signature.  This Agreement may be executed in one or more counterparts, all of which when taken together
    shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and
    delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature
    is delivered by facsimile transmission or any other form of electronic delivery, such signature shall create a valid and binding
    obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature
    page were an original thereof. The words “execution,” “signed,” “signature,” and words of like
    import in this Agreement or in any other certificate, agreement or document related to this Agreement shall include images of manually
    executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf”, “tif”
    or “jpg”) and other electronic signatures (including, without limitation, DocuSign and AdobeSign). The use of electronic
    signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated,
    received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed
    signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal
    Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other
    applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial
    Code.

   

  6.15   Construction.  The
    parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent
    or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden
    of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. The
    words “include,” “includes,” and “including” will be deemed to be followed by “without
    limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words
    in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this
    Agreement,” “herein,” “hereof,” “hereby,” “hereunder,” and words of similar
    import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto
    intend that each representation, warranty, and covenant contained herein will have independent significance. If any party hereto
    has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation,
    warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto
    has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty,
    or covenant.

   

  6.16   Mutual
      Drafting.  This Agreement is the joint product of the Subscriber and the Company and each provision hereof has been
    subject to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party
    hereto.

   

  7.   Voting and Tender
      of Shares.  The Subscriber agrees to vote the Shares in favor of an initial business combination that the Company
    negotiates and submits for approval to the Company’s stockholders and shall not seek redemption or repurchase with respect
    to any of the Shares in connection with an initial business combination or any amendment to the Organizational Documents, as amended,
    prior to an initial business combination. Additionally, the Subscriber agrees not to tender any Shares in connection with a tender
    offer presented to the Company’s stockholders in connection with an initial business combination negotiated by the Company.

   

  8.   Indemnification.  Each
    party shall indemnify the other against any loss, cost or damages (including reasonable attorney’s fees and expenses) incurred
    as a result of such party’s breach of any representation, warranty, covenant or agreement in this Agreement.

   

  (Signature Page Follows)

   

  
  
    	 	6	 

  

  
     

  

  
   

  If the foregoing accurately sets forth our
    understanding and agreement, please sign the enclosed copy of this Agreement and return it to us.

   

  	 	 	Very truly yours,
	 	 	 
	 	 	Mercury Ecommerce acquisition corp.
	 	 	 
	 	 	By:	/s/ Winston Gilpin
	 	 	 	Winston Gilpin
	 	 	 	Chief Financial Officer
	 	 	 	 
	mercury sponsor group i LLC	 	 	 
	 	 	 	 	 
	By:	/s/ R. Andrew White	 	 	 
	 	R. Andrew White	 	 	 
	 	President and Chief Executive Officer	 	 	 

   

  Signature Page to Securities Subscription
      Agreement

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