Document:

Exhibit
10.7

 

SEAPORT CALIBRE MATERIALS ACQUISITION CORP.

360 Madison Avenue, 20th Floor

New York, NY 10017

 

October 27, 2021

 

Seaport Global Asset Management, LLC

360 Madison Avenue, 20th Floor

New York, NY 10017

 

Re: Administrative
Support Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and
between Seaport Calibre Materials Acquisition Corp. (the “Company”) and Calibre Group, LLC (“Sponsor”),
dated as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on
the Nasdaq Global Market (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed
with the U.S. Securities and Exchange Commission (File No. 333-258024) (the “Registration Statement”) and continuing
until the earlier of the consummation by the Company of an initial business combination or the Company’s liquidation (in each case
as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

(i) Sponsor shall make
available, or cause to be made available, to the Company, at 360 Madison Avenue, 20th Floor, New York, NY 10017 (or any successor
location of Sponsor), certain office space, utilities and secretarial and administrative support as may be reasonably required by the
Company. In exchange therefor, the Company shall pay Sponsor the sum of $10,000 per month beginning on the Listing Date and continuing
monthly thereafter until the Termination Date; and

 

(ii) Sponsor hereby irrevocably
waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising out of, this letter agreement
(each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of the trust account established
for the benefit of the public stockholders of the Company and into which substantially all of the proceeds of the Company’s initial
public offering will be deposited (the “Trust Account”) as a result of, or arising out of, this letter agreement, and hereby
irrevocably waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust Account
or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of
any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.

 

This letter agreement constitutes
the entire agreement and understanding of the parties hereto in respect of its subject matter 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 amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party hereto may assign
either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval 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.

 

This letter agreement constitutes
the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law
or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without
giving effect to its choice of law principles. 

 

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	SEAPORT CALIBRE MATERIALS ACQUISITION CORP.
	 	 	 
	 	By:	/s/ Jim Tumulty
	 	 	Name:	Jim Tumulty
	 	 	Title:	Chief Executive Officer

 

AGREED TO AND ACCEPTED BY:

Calibre Group, LLC

 

	By:	/s/ Jim Tumulty	 
	 	Name: Jim Tumulty	 
	 	Title: Chief Executive Officer	 

 

[Signature Page to Administrative Support Agreement]Document

Exhibit 10.2
July 30, 2021

Jennifer McIntyre

Dear Jen,
I am pleased to confirm the details of your job title change for your role with Univar Solutions. The following summarizes the details of this change:
						
	Effective Date:
	July 27, 2021
	New Job Title:	Senior Vice President, Chief People & Culture Officer
	Reporting Manager:	David C. Jukes
	Compensation:	Your compensation is unchanged
		

All other terms of your employment are unchanged.  
Jen, I am immeasurably delighted to have you in this role. I know that the Board of Directors joins me in thanking you and wishing you well as we entrust you with two of our most valuable assets – our people and our culture.

David C. Jukes
President & Chief Executive Officer

Univar Solutions | 3075 Highland Parkway | Downers Grove, IL 60515 | USAExhibit 10.1

 

FORM OF SUBSCRIPTION AND BACKSTOP AGREEMENT

 

This SUBSCRIPTION AND BACKSTOP
AGREEMENT (this “Subscription Agreement”) is entered into on November 2, 2021, by and between SilverBox Engaged Merger
Corp I, a Delaware corporation (“SBEA”), and the undersigned subscriber (the “Subscriber”).

 

WHEREAS, this Subscription
Agreement is being entered into in connection with the Business Combination Agreement, dated as of the date hereof (as may be amended,
supplemented or otherwise modified from time to time, the “Transaction Agreement”), by and among SBEA, Grand Opal
Investment Holdings, Inc., a Delaware corporation (“Blocker”), Authentic Brands, LLC, a Delaware limited liability
company (the “Company”), BRC Inc., a Delaware corporation and a wholly owned subsidiary of SBEA (“PubCo”),
SBEA Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of PubCo (“Merger Sub 1”),
and BRCC Blocker Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of SBEA (“Merger Sub 2”),
and the other parties thereto, pursuant to which, among other things, (i) Merger Sub 1 will merge with and into SBEA, with Merger Sub
1 surviving such merger as a wholly owned subsidiary of PubCo (the “PubCo Merger”), and (ii) immediately following
the PubCo Merger, Merger Sub 2 will merge with and into Blocker, with Blocker surviving such merger as a wholly owned subsidiary of Merger
Sub 1, in each case, on the terms and subject to the conditions set forth therein (collectively, the “Transaction”);

 

WHEREAS, in connection with
the Transaction, SBEA is seeking commitments from interested investors to purchase, immediately prior to the closing of the Transaction,
shares (the “Shares”) of SBEA’s Class C common stock, par value $0.0001 per share (the “Class
C Common Stock”), in a private placement for a purchase price of $10.00 per share (the “Per Share Subscription Price”)
on the terms and subject to the conditions contained herein; and

 

WHEREAS, substantially concurrently
with the execution of this Subscription Agreement, SBEA is entering into substantially identical subscription agreements (collectively,
the “Other Subscription Agreements”) with certain other investors (the “Other Subscribers” and,
together with the Subscriber, the “Subscribers”), pursuant to which the Subscribers have agreed to purchase an aggregate
of 20,000,000 Shares (inclusive of the Shares to be purchased by the Subscriber pursuant to this Subscription Agreement) (the “PIPE
Investment”).

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, set forth herein, and intending
to be legally bound hereby, each of the Subscriber and SBEA acknowledges and agrees as follows:

 

1.                 
Subscription. Subject to the terms and conditions provided for herein, the Subscriber hereby irrevocably subscribes for
and agrees to purchase from SBEA, and SBEA hereby irrevocably agrees to issue and sell to the Subscriber, the number of Shares set forth
on the signature page of this Subscription Agreement; provided, that, in the event the Aggregate Redemption Amount (as defined
below) exceeds $100,000,000, the Subscriber shall purchase from SBEA, and SBEA will sell to the Subscriber, an additional number of Shares
(the “Backstop Shares”) equal to the quotient of (i) the lesser of (x) the Maximum Additional Subscription Amount
set forth on the Subscriber’s signature page hereto and (y) the product of (1) the Backstop Percentage set forth on the Subscriber’s
signature page hereto and (2) the excess of the Aggregate Redemption Amount over $100,000,000, divided by (ii) $10.00. As used
in this Subscription Agreement (unless the context otherwise requires), (i) “Aggregate Redemption Amount” shall refer
to the aggregate amount payable in respect of all shares of Class A Common Stock validly submitted for redemption by the holders thereof
(which redemptions are not revoked prior to the distribution of the Closing Notice), with each share redeemed at a per-share price equal
to a pro rata share of the aggregate amount on deposit in SBEA’s trust account (including any interest earned on the funds held
in the trust account), (ii) “Shares” shall refer to the number of shares of Class C Common Stock set forth on the
Subscriber’s signature page hereto, as increased by the number of Backstop Shares, if any, and (iii) “Subscription Amount”
shall refer to the Minimum Subscription Amount set forth on the Subscriber’s signature page
hereto, as increased by the amount equal to the product of the number of Backstop Shares, if any, and $10.00, in each case of clauses
(ii) and (iii), after giving effect to rounding to eliminate the issuance of partial shares of Class C Common Stock. For the avoidance
of doubt, the total amount to be funded by the Subscriber under this Subscription Agreement shall not exceed the sum of the Minimum Subscription
Amount and the Maximum Additional Subscription Amount, each as set forth on the Subscriber’s signature page hereto. The Subscriber
acknowledges and agrees that the Subscriber’s subscription for the Shares shall be deemed to be accepted by SBEA only if and when
this Subscription Agreement is signed by a duly authorized person by or on behalf of SBEA; SBEA may do so in counterpart form.

 

     

     

    

 

2.                 
Closing. The closing of the sale, purchase and issuance of the Shares contemplated hereby (the “Closing”)
shall occur on a closing date (the “Closing Date”) specified in the Closing Notice (as defined below), which shall
occur on the business day immediately preceding the closing date of the Transaction (the closing date of the Transaction, the “Transaction
Closing Date”), and shall be conditioned on the conditions set forth in Section 3. Not less than five (5) business days
prior to the scheduled Transaction Closing Date, SBEA shall provide written notice to the Subscriber (the “Closing Notice”)
(i) of such scheduled Transaction Closing Date and the anticipated Closing Date, (ii) of the Aggregate Redemption Amount, together with
a certificate duly executed by an officer of SBEA certifying such aggregate amount, and the number of Backstop Shares to be issued, if
any, (iii) that SBEA reasonably expects all conditions to the closing of the Transaction to be satisfied or waived on such scheduled
Transaction Closing Date (other than those conditions that by their nature are to be satisfied on the Transaction Closing Date) and (iv)
wire instructions for delivery of the Subscription Amount to SBEA, or an account designated by SBEA. Not later than three (3) business
days prior to the anticipated Transaction Closing Date, the Subscriber shall deliver the Subscription Amount to SBEA by wire transfer
of United States dollars in immediately available funds to the account specified by SBEA in the Closing Notice, to be held by the escrow
agent until the Closing Date. On the Closing Date, SBEA shall (i) issue the Shares to the Subscriber, and (ii) subsequently cause the
Shares to be registered in book entry form (but no later than five (5) business days following the Transaction Closing Date) in the name
of the Subscriber (or its nominee or custodian, as applicable, as directed by Subscriber) on the SBEA share register, which book entry
records shall contain the restrictive legend referenced in Section 6(b); provided, however, that SBEA’s obligation
to issue the Shares to the Subscriber is contingent upon SBEA having received the Subscription Amount in full accordance with this Section
2. For purposes of this Subscription Agreement, “business day” shall mean a day, other than a Saturday, Sunday or other
day on which commercial banks in New York, New York are authorized or required by law to close. Prior to or at the Closing, the Subscriber
shall deliver to SBEA a duly completed and executed Internal Revenue Service Form W-9 or appropriate Form W-8. Unless
otherwise agreed to in writing by SBEA and the Subscriber, in the event the Transaction Closing Date does not occur within five (5) business
days after the Closing Date under this Subscription Agreement, SBEA shall promptly (but not later than two (2) business days thereafter)
return the Subscription Amount to the Subscriber by wire transfer of U.S. dollars in immediately available funds to the account
specified by the Subscriber, and any book-entries for the Shares shall be deemed repurchased and cancelled; provided that, unless
this Subscription Agreement has been terminated pursuant to Section 9 hereof, such return of funds shall (a) not terminate
this Subscription Agreement, (b) by itself, constitute a failure of any of the conditions to Closing under Section 3, or (c) relieve
the Subscriber of its obligation to purchase the Shares at the Closing upon the satisfaction of the conditions set forth in Section
3.

 

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3.                 
Closing Conditions.

 

(a)             
The obligation of SBEA to consummate the transactions contemplated hereunder is subject to the satisfaction (or valid waiver by
SBEA, with the consent of the Company, in writing) of the conditions that:

 

(i)               the
representations and warranties made by the Subscriber in this Subscription Agreement shall be true and correct in all material respects
as of the date hereof and as of the Closing Date other than (A) those representations and warranties qualified by materiality or
similar qualification, which shall be true and correct in all respects as of the Closing Date, and (B) those representations and
warranties expressly made as of an earlier date, which shall be true and correct in all material respects (or, if qualified by materiality
or similar qualification, all respects) as of such date, in each case without giving effect to the consummation of the Transaction; and

 

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

 

(b)            
The obligation of the Subscriber to consummate the transactions contemplated hereunder is subject to the satisfaction (or valid
waiver by the Subscriber in writing) of the conditions that:

 

(i)             
the representations and warranties made by SBEA in this Subscription Agreement shall be true and correct in all material respects
as of the date hereof and as of the Closing Date other than (x) those representations and warranties qualified by materiality,
Material Adverse Effect or similar qualification, which shall be true and correct in all respects as of the Closing Date and (y) those
representations and warranties expressly made as of an earlier date, which shall be true and correct in all material respects (or, if
qualified by materiality, Material Adverse Effect or similar qualification, all respects) as of such date, in each case without giving
effect to the consummation of the Transaction;

 

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

 

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(iii)            
 no suspension of the qualification of the Shares for offering or sale or trading in any jurisdiction and, to SBEA’s knowledge,
no initiation nor threatening of any proceedings for any of such purposes, shall have occurred and be continuing.

 

(c)              The
obligation of the parties hereto to consummate the transactions contemplated hereunder is subject to the satisfaction (or valid waiver
by SBEA, with the consent of the Company, and the Subscriber in writing) of the conditions that:

 

(i)               no
governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule or regulation (whether
temporary, preliminary or permanent) that is then in effect and has the effect of making consummation of the transactions contemplated
hereby illegal or otherwise restraining or prohibiting consummation of the transactions contemplated hereby; and no such governmental
authority shall have instituted or threatened in writing a proceeding seeking to impose any such restraint or prohibition; and

 

(ii)             
all conditions precedent to the closing of the Transaction set forth in the Transaction Agreement, including the approval of the
Company’s stockholders and regulatory approvals, if any, shall have been satisfied (other than those conditions which, by their
nature, are to be satisfied by a party to the Transaction Agreement at the closing of the Transaction, but subject to satisfaction or
waiver by such party of such conditions as of the closing of the Transaction) or waived.

 

4.                 
Further Assurances. At or prior to the Closing, the parties hereto shall use commercially reasonable efforts to execute
and deliver or cause to be executed and delivered such additional documents and take such additional actions as the parties reasonably
may deem to be practical and necessary to consummate the subscription as contemplated by this Subscription Agreement.

 

5.                 
SBEA Representations and Warranties. SBEA represents and warrants to the Subscriber, as of the date hereof and as of the
Closing Date, that:

 

(a)              SBEA
has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate
power and authority to own, lease and operate its properties and conduct its business as presently conducted and to enter into, deliver
and perform its obligations under this Subscription Agreement.

 

(b)              As
of the Closing Date, the Shares will be duly authorized and, when issued and delivered to the Subscriber against full payment therefor
and registered with SBEA’s transfer agent in accordance with the terms of this Subscription Agreement, will be validly issued,
fully paid and non-assessable, free and clear of any liens or other restrictions whatsoever (other than those arising under state or
federal securities laws) and will not have been issued in violation of or subject to any preemptive or similar rights created under SBEA’s
certificate of incorporation or bylaws (as in effect at such time of issuance) or under the Delaware General Corporation Law or otherwise.

 

(c)              This
Subscription Agreement has been duly authorized, executed and delivered by SBEA and, assuming the due authorization, execution and delivery
of the Subscription Agreement by the Subscriber, is valid, binding and enforceable against SBEA in accordance with its terms, except
as may be limited or otherwise affected by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws
affecting the rights of creditors generally, and subject, as to enforceability, to general principles of equity.

 

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(d)              The
execution, delivery and performance of this Subscription Agreement, including the issuance and sale by SBEA of the Shares pursuant to
this Subscription Agreement will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute
a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of SBEA
or any of its subsidiaries pursuant to the terms of any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement
or instrument to which SBEA or any of its subsidiaries is a party or by which SBEA or any of its subsidiaries is bound or to which any
of the property or assets of SBEA is subject that would reasonably be expected to materially affect the validity of the Shares or the
legal authority of SBEA to comply in all material respects with its obligations under this Subscription Agreement (a “Material
Adverse Effect”); (ii) result in any violation of the provisions of the organizational documents of SBEA; or (iii) result
in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign,
having jurisdiction over SBEA or any of its properties that would reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect.

 

(e)              As
of their respective filing dates, all reports required to be filed by SBEA with the U.S. Securities and Exchange Commission (the
 “SEC”) prior to the date of this Subscription Agreement (the “SEC Reports”) complied in all material
respects with the applicable requirements of the Securities Act of 1933, as amended (the “Securities Act”), and the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations of the SEC promulgated
thereunder. None of the SEC Reports filed under the Exchange Act included, when filed or, if amended, as of the date of such amendment
with respect to those disclosures that are amended, any untrue statement of a material fact or omitted to state a material fact required
to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.
To SBEA’s knowledge, no SEC Report or Prospectus (as defined herein) to be filed by SBEA with respect to the Transaction or any
other information relating to the Company or any of its affiliates included in any SEC Report or filed as an exhibit thereto, will include,
when filed, 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, in the light of the circumstances under which they were made, not misleading. As of the date hereof, there are
no material outstanding or unresolved comments in comment letters received by SBEA from the staff of the Division of Corporation Finance
of the SEC with respect to any of the SEC Reports. Other than as disclosed in the SEC Reports, the financial statements of SBEA included
in the SEC Reports comply in all material respects with applicable accounting requirements and the rules and regulations of the SEC with
respect thereto as in effect at the time of filing and fairly present in all material respects the financial position of SBEA as of and
for the dates thereof and the results of operations and cash flows for the periods then ended, subject, in the case of unaudited financial
statements, to normal, year-end audit adjustments.

 

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(f)               SBEA
is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with,
any court or other federal, state, local or other governmental authority, self-regulatory organization or other person in connection
with the issuance of the Shares pursuant to this Subscription Agreement, other than (i) filings with the SEC, (ii) filings
required by applicable state securities laws, (iii) the filings required in accordance with Section 13 of this Subscription
Agreement, (iv) filings required by Nasdaq, or such other applicable stock exchange on which SBEA’s common equity is then listed
(the “Stock Exchange”) and (v)  those the failure of which to obtain would not be reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect.

 

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

 

(h)              Assuming
the accuracy of the Subscriber’s representations and warranties set forth in Section 6 of this Subscription Agreement,
no registration under the Securities Act is required for the offer and sale of the Shares by SBEA to the Subscriber.

 

(i)               Neither
SBEA nor any person acting on its behalf has offered or sold the Shares by any form of general solicitation or general advertising in
violation of the Securities Act.

 

(j)               SBEA
is not under any obligation to pay any broker’s fee or commission in connection with the sale of the Shares.

 

(k)              There
are no stockholder agreements, voting trusts or other agreements or understandings to which SBEA is a party or by which it is bound relating
to the voting of any securities of SBEA, other than (1) as set forth in the SEC Reports and (2) as contemplated by the Transaction Agreement.

 

(l)                None
of SBEA, any of its officers, directors, managers, managing members, general partners or any other person acting in a similar capacity
or carrying out a similar function, is (i) named on the Specially Designated Nationals and Blocked Persons List, the Foreign Sanctions
Evaders List, the Sectoral Sanctions Identification List, or any other similar list of sanctioned persons administered by the U.S. Treasury
Department’s Office of Foreign Assets Control (“OFAC”), or any similar list of sanctioned persons administered
by the United Kingdom, the European Union or any individual European Union member state (collectively, “Sanctions Lists”);
(ii) directly or indirectly owned or controlled by, or acting on behalf of, one or more persons on a Sanctions List; (iii) organized,
incorporated, established, located, resident or born in, or a citizen, national, or the government, including any political subdivision,
agency, or instrumentality thereof, of, Cuba, Iran, North Korea, Syria, Venezuela, the Crimea region of Ukraine, or any other country
or territory embargoed or subject to substantial trade restrictions by the United States, the United Kingdom, the European Union or any
individual European Union member state; (iv) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part
515; or (v) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank (collectively, “Sanctions”).
SBEA represents and covenants that if it is or becomes subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.) (the “BSA”),
as amended by the USA PATRIOT Act of 2001 (the “PATRIOT Act”), and its implementing regulations (collectively, the
 “BSA/PATRIOT Act”), that SBEA maintains or will maintain policies and procedures reasonably designed to comply with
applicable obligations under the BSA/PATRIOT Act. SBEA also represents and covenants that it maintains and will maintain policies and
procedures reasonably designed to ensure compliance with applicable financial recordkeeping and reporting requirements of the Currency
and Foreign Transactions Reporting Act of 1970, as amended, and sanctions administered by the United States, the United Kingdom, the
European Union, or any individual European Union member state, to the extent applicable to it.

 

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(m)            SBEA
is not a U.S. business that (i) produces, designs, tests, manufactures, fabricates, or develops one or more “critical technologies”;
(ii) performs the functions as set forth in column 2 of Appendix A to 31 C.F.R. Part 800 with respect to “covered investment critical
infrastructure”; or (iii) maintains or collects, directly or indirectly, “sensitive personal data” of U.S. citizens,
in each case as such terms in quotation marks are defined in the Defense Production Act of 1950, as amended, including all implementing
regulations thereof.

 

(n)             There
are no pending or, to the knowledge of SBEA, threatened, suits, claims, actions, or proceedings, which, if determined adversely, would,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. There is no unsatisfied judgment or any open
injunction binding upon SBEA, which would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

(o)              As
of the date hereof, the authorized capital stock of SBEA consists of (i) 100,000,000 shares of Class A Common Stock, of which
34,500,000 are issued and outstanding, (ii) 10,000,000 shares of Class B Common Stock, par value $0.0001 per share, of which
8,625,000 are issued and outstanding and (iii) 1,000,000 shares of preferred stock, par value $0.0001 per share, of SBEA, of which no
shares are issued and outstanding. Immediately following the filing of an amendment and restatement to SBEA’s certificate of incorporation
with the Secretary of State of the State of Delaware, there will be authorized 30,000,000 shares of Class C Common Stock, par value $0.0001
per share, of which no shares will be issued and outstanding immediately prior to the Closing.

 

(p)              Notwithstanding
anything to the contrary contained in Section 5 of this Agreement, no representation or warranty is made by SBEA as to the accounting
treatment of its issued and outstanding warrants or other changes in accounting arising in connection with any required restatement of
SBEA’s historical financial statements, or as to any deficiencies in disclosure (including with respect to financial statement
presentation or accounting and disclosure controls) arising from the treatment of such warrants as equity rather than liabilities or
any other required changes in the SEC Reports, including as a result of any order, directive, guideline, comment or recommendation from
the SEC that is applicable to SBEA.

 

6.                 
Subscriber Representations and Warranties. The Subscriber represents and warrants to SBEA, as of the date hereof and as
of the Closing Date, that:

 

(a)              The
Subscriber (i) is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or an
institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3), (5), (7) or (8) under the
Securities Act), in each case, satisfying the applicable requirements set forth on Schedule A, (ii) is acquiring the
Shares only for its own account and not for the account of others, or if the Subscriber is subscribing for the Shares as a fiduciary
or agent for one or more investor accounts, each owner of such account is a “qualified institutional buyer” (as defined in
Rule 144A under the Securities Act) or an “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3), (7) or (8) under
the Securities Act), and the Subscriber has full investment discretion with respect to each such account, and the full power and authority
to make the acknowledgements, representations and agreements herein on behalf of each owner of each such account, and (iii) is
not acquiring the Shares with a view to, or for offer or sale in connection with, any distribution thereof in violation of the Securities
Act (and shall provide the requested information set forth on Schedule A).

 

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(b)              The
Subscriber acknowledges and agrees that the Shares are being offered in a transaction not involving any public offering within the meaning
of the Securities Act, that the Shares have not been registered under the Securities Act and that SBEA is not required to register the
Shares except as set forth in Section 7 of this Subscription Agreement. The Subscriber acknowledges and agrees that the
Shares may not be offered, resold, transferred, pledged or otherwise disposed of by the Subscriber absent an effective registration statement
under the Securities Act except (i) to SBEA or a subsidiary thereof, (ii) to non-U.S. persons pursuant to offers and sales
that occur outside the United States within the meaning of Regulation S under the Securities Act or (iii) pursuant to another applicable
exemption from the registration requirements of the Securities Act, and, in each case, in accordance with any applicable securities laws
of the states of the United States and other applicable jurisdictions, and that the book entries representing the Shares shall contain
a restrictive legend to such effect. The Subscriber acknowledges and agrees that the Shares will be subject to these securities law transfer
restrictions and, as a result of these transfer restrictions, the Subscriber may not be able to readily offer, resell, transfer, pledge
or otherwise dispose of the Shares and may be required to bear the financial risk of an investment in the Shares for an indefinite period
of time. The Subscriber acknowledges and agrees that the Shares will not immediately be eligible for offer, resale, transfer, pledge
or disposition pursuant to Rule 144 promulgated under the Securities Act, and that the provisions of Rule 144(i) will apply
to the Shares. The Subscriber acknowledges and agrees that it has been advised to consult legal, tax and accounting advisors prior to
making any offer, resale, transfer, pledge or disposition of any of the Shares.

 

(c)              The
Subscriber acknowledges and agrees that the Subscriber is purchasing the Shares from SBEA in connection with the Transaction. The Subscriber
further acknowledges that there have been no representations, warranties, covenants and agreements made to the Subscriber by or on behalf
of SBEA, the Company, or any of their respective affiliates or any control persons, officers, directors, employees, agents or representatives
of any of the foregoing or any other person or entity, expressly or by implication, in connection with the purchase of the Shares, other
than those representations, warranties, covenants and agreements of SBEA expressly set forth in Section 5 of this Subscription
Agreement. The Subscriber acknowledges that certain information provided to the Subscriber was based on projections, and such projections
were prepared based on assumptions and estimates that are inherently uncertain and are subject to a wide variety of significant business,
economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections.

 

    8 

     

    

 

(d)            
The Subscriber acknowledges and agrees that the Subscriber has received such information as the Subscriber deems necessary to
make an investment decision with respect to the Shares, including, without limitation, with respect to SBEA, the Transaction and the
business of the Company and its subsidiaries. Without limiting the generality of the foregoing, the Subscriber acknowledges that it has
received access to and has had an adequate opportunity to review the SEC Reports, financial and other such information as the Subscriber
deems necessary in order to make an investment decision with respect to the Shares, including with respect to SBEA, the Company and the
Transaction. The Subscriber acknowledges and agrees that the Subscriber and the Subscriber’s legal, accounting, regulatory, tax
and other professional advisor(s), if any, have had the full opportunity to ask such questions, receive such answers and access, review
and obtain such information as the Subscriber and such Subscriber’s legal, accounting, regulatory, tax and other professional advisor(s),
if any, have deemed necessary to make an investment decision with respect to the Shares.

 

(e)             The
Subscriber became aware of this offering of the Shares solely by means of direct contact between the Subscriber and SBEA, the Company
or a representative of SBEA, the Company and the Shares were offered to the Subscriber solely by direct contact between the Subscriber
and SBEA, the Company or a representative of SBEA or the Company. The Subscriber did not become aware of this offering of the Shares,
nor were the Shares offered to the Subscriber, by any other means. The Subscriber acknowledges that the Shares (i) were not offered
by any form of general solicitation or general advertising and (ii) are not being offered in a manner involving a public offering
under, or in a distribution in violation of, the Securities Act, or any state securities laws. The Subscriber acknowledges that it is
not relying upon, and has not relied upon, any statement, representation or warranty made by any person, firm or corporation (including,
without limitation, SBEA, the Company, any of their respective affiliates or any control persons, officers, directors, employees, agents
or representatives of any of the foregoing), other than the representations and warranties of SBEA contained in Section 5
of this Subscription Agreement, in making its investment decision with respect to the purchase of the Shares.

 

(f)               The
Subscriber acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares, including
those set forth in the SEC Reports. The Subscriber has such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of an investment in the Shares, and the Subscriber has sought such accounting, legal and tax advice
as the Subscriber has considered necessary to make an informed investment decision and the Subscriber has made its own assessment and
has satisfied itself concerning relevant tax or other economic considerations relative to its purchase of the Shares. The Subscriber
acknowledges that Subscriber shall be responsible for any of the Subscriber’s tax liabilities that may arise as a result of the
purchase and ownership of the Shares, and that neither SBEA nor the Company has provided any tax advice or any other representation or
guarantee regarding the tax consequences of the purchase and ownership of the Shares.

 

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

 

    9 

     

    

 

(h)              In
making its decision to purchase the Shares, the Subscriber represents that it has relied solely upon independent investigation made by
the Subscriber, the Subscriber’s own sources of information, investment analysis and due diligence (including professional advice
the Subscriber deems appropriate) and the representations, warranties and covenants of SBEA contained in Section 5 hereof with
respect to the Transaction, the Shares and the business, condition (financial and otherwise), management, operations, properties and
prospects of SBEA and the Company, including but not limited to all business, legal, regulatory, accounting, credit, tax and other economic
matters.

 

(i)               The
Subscriber acknowledges and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the Shares
or made any findings or determination as to the fairness of an investment in the Shares.

 

(j)               The
Subscriber has been duly formed or incorporated and is validly existing and is in good standing under the laws of its jurisdiction of
formation or incorporation, and has the requisite power and authority to enter into, deliver and perform its obligations under this Subscription
Agreement.

 

(k)              The
execution, delivery and performance by the Subscriber of this Subscription Agreement are within the powers of the Subscriber, have been
duly authorized and will not constitute or result in a breach or default under or conflict with any order, ruling or regulation of any
court or other tribunal or of any governmental commission or agency, or any agreement or other undertaking, to which the Subscriber is
a party or by which the Subscriber is bound and will not violate any provisions of the Subscriber’s organizational documents, including,
without limitation, its incorporation or formation papers, bylaws, partnership or operating agreement or indenture of trust or material
agreement for borrowed money, as may be applicable. The signature of the Subscriber on this Subscription Agreement is genuine, and the
signatory has legal competence and capacity to execute the same or the signatory has been duly authorized to execute the same, and, this
Subscription Agreement has been duly executed and delivered by the Subscriber and, assuming that this Subscription Agreement constitutes
the valid and binding agreement of SBEA, this Subscription Agreement constitutes a legal, valid and binding obligation of the Subscriber,
enforceable against the Subscriber in accordance with its terms except as may be limited or otherwise affected by (i) bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally,
and (ii) principles of equity, whether considered at law or equity.

 

(l)                Neither
the Subscriber nor any of its officers, directors, managers, managing members, general partners or any other person acting in a similar
capacity or carrying out a similar function, is (i) a person or entity named on the Sanctions Lists; (ii) directly or indirectly
owned or controlled by, or acting on behalf of, one or more persons on a Sanctions List; (iii) organized, incorporated, established,
located, resident or born in, or a citizen, national, or the government, including any political subdivision, agency, or instrumentality
thereof, of, Cuba, Iran, North Korea, Syria, Venezuela, the Crimea region of Ukraine, or any other country or territory embargoed or
subject to substantial trade restrictions by the United States, the European Union, any individual European Union member state, or the
United Kingdom; (iv) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515; or (v) a
non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank (each, a “Prohibited Subscriber”).
The Subscriber agrees to provide law enforcement agencies, if requested thereby, such records as required by applicable law, provided
that the undersigned is permitted to do so under applicable law. The Subscriber represents that if it is a financial institution subject
to the BSA/PATRIOT Act and that the Subscriber maintains policies and procedures reasonably designed to comply with applicable obligations
under the BSA/PATRIOT Act. The Subscriber also represents that it maintains policies and procedures reasonably designed (i) if the Subscriber
is a portfolio company, investment fund or other investment vehicle, for the screening of its investors against Sanctions Lists and (ii)
to ensure compliance with sanctions administered by the United States, the European Union, any individual European Union member state,
and the United Kingdom, to the extent applicable to it. The Subscriber further represents that the funds held by the Subscriber and used
to purchase the Shares were legally derived and were not obtained, directly or indirectly, from a Prohibited Subscriber.

 

    10 

     

    

 

(m)            
If the Subscriber is or is acting on behalf of (i) an employee benefit plan that is subject to Title I of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), (ii) a plan, an individual retirement account
or other arrangement that is subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”),
(iii) an entity whose underlying assets are considered to include “plan assets” of any such plan, account or arrangement
described in clauses (i) and (ii) (each, an “ERISA Plan”), or (iv) an employee benefit plan that
is a governmental plan (as defined in Section 3(32) of ERISA), a church plan (as defined in Section 3(33) of ERISA), a non-U.S.
plan (as described in Section 4(b)(4) of ERISA) or other plan that is not subject to the foregoing clauses (i), (ii) or (iii) but
may be subject to provisions under any other federal, state, local, non-U.S. or other laws or regulations that are similar to such provisions
of ERISA or the Code (collectively, “Similar Laws,” and together with ERISA Plans, “Plans”), the
Subscriber represents and warrants that (A) none of SBEA or the Company nor any of their respective affiliates (the “Transaction
Parties”) has provided investment advice or has otherwise acted as the Plan’s fiduciary, or has been relied on for advice,
with respect to its decision to acquire and hold the Shares, and none of the Transaction Parties is or shall at any time be the Plan’s
fiduciary with respect to any decision in connection with the Subscriber’s investment in the Shares; and (B) its purchase
of the Shares will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code,
or any applicable Similar Law.

 

(n)              The
Subscriber has and, when required to deliver payment to SBEA pursuant to Section 2 above, will have, sufficient funds to
pay the Subscription Amount and consummate the purchase and sale of the Shares pursuant to this Subscription Agreement.

 

(o)              No
foreign person (as defined in 31 C.F.R. Part 800.224) in which the national or subnational governments of a single foreign state have
a substantial interest (as defined in 31 C.F.R. Part 800.244) will acquire a substantial interest in SBEA as a result of the purchase
and sale of Shares hereunder such that a declaration to the Committee on Foreign Investment in the United States would be mandatory under
31 C.F.R. Part 800.401, and no foreign person will have control (as defined in 31 C.F.R. Part 800.208) over SBEA from and after the Closing
as a result of the purchase and sale of Shares hereunder.

 

    11 

     

    

 

7.                 
 Registration Rights.

 

(a)              In
the event that the Shares are not registered in connection with the consummation of the Transaction, SBEA agrees that, within thirty
(30) business days after the consummation of the Transaction (such deadline, the “Filing Deadline”), SBEA will submit
to or file with the SEC a registration statement for a shelf registration on Form S-1 or Form S-3 (if SBEA is then
eligible to use a Form S-3 shelf registration) (the “Registration Statement”), in each case, covering the
resale of the Shares acquired by the Subscriber pursuant to this Subscription Agreement that are eligible for registration (determined
as of two (2) business days prior to such submission or filing) (the “Registrable Shares”) and SBEA shall use
its commercially reasonable efforts to have the Registration Statement declared effective as soon as practicable after the filing thereof,
but no later than the earlier of (i) the 90th calendar day following the Closing Date (or the one hundred twentieth
(120th) calendar day if the SEC notifies SBEA that it will “review” the Registration Statement) and (ii) the 10th business
day after the date SBEA is notified (orally or in writing, whichever is earlier) by the SEC that the Registration Statement will not
be “reviewed” or will not be subject to further review (such earlier date, the “Effectiveness Deadline”);
provided, however, that if the Effectiveness Deadline falls on a Saturday, Sunday or other day that the SEC is closed
for business, the Effectiveness Deadline shall be extended to the next business day on which the SEC is open for business; and provided,
further, that SBEA’s obligations to include the Registrable Shares in the Registration Statement are contingent upon the
Subscriber furnishing in writing to SBEA such information regarding the Subscriber or its permitted assigns, the securities of SBEA held
by the Subscriber and the intended method of disposition of the Registrable Shares (which shall be limited to non-underwritten public
offerings) as shall be reasonably requested by SBEA to effect the registration of the Registrable Shares, and the Subscriber shall execute
such documents in connection with such registration as SBEA may reasonably request that are customary of a selling stockholder in similar
situations, including providing that SBEA shall be entitled to postpone and suspend the effectiveness or use of the Registration Statement,
if applicable, during any customary blackout or similar period or as permitted hereunder; provided that the Subscriber shall not
in connection with the foregoing be required to execute any lock-up or similar agreement or otherwise be subject to any contractual restriction
on the ability to transfer the Registrable Shares. Notwithstanding the foregoing, if the SEC prevents SBEA from including any or all
of the shares proposed to be registered under the Registration Statement due to limitations on the use of Rule 415 under the Securities
Act for the resale of the Shares pursuant to this Section 7 by the applicable stockholders or otherwise, such Registration
Statement shall register for resale such number of Shares which is equal to the maximum number of Shares as is permitted to be registered
by the SEC. In such event, the number of Shares to be registered for each selling stockholder named in the Registration Statement shall
be reduced pro rata among all such selling stockholders. In no event shall the Subscriber be identified as a statutory underwriter
in the Registration Statement unless requested by the SEC; provided, that if the SEC requests that the Subscriber be identified
as a statutory underwriter in the Registration Statement, the Subscriber will have the opportunity to withdraw from the Registration
Statement upon its prompt written request to SBEA. For as long as the Subscriber holds Shares, SBEA will use its commercially reasonable
efforts to timely file all reports for so long as the condition in Rule 144(c)(1) (or Rule 144(i)(2), if applicable) is required
to be satisfied, and provide all customary and reasonable cooperation, necessary to enable the Subscriber to resell the Shares pursuant
to Rule 144 of the Securities Act (in each case, when Rule 144 of the Securities Act becomes available to the Subscriber).
Any failure by SBEA to file the Registration Statement by the Filing Deadline or to effect such Registration Statement by the Effectiveness
Deadline shall not otherwise relieve SBEA of its obligations to file or effect the Registration Statement as set forth above in this
Section 7.

 

    12 

     

    

 

(b)              At
its expense SBEA shall:

 

(i)               except
for such times as SBEA is permitted hereunder to suspend the use of the prospectus forming part of a Registration Statement (“Prospectus”),
use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under state securities
laws which SBEA determines to obtain, continuously effective with respect to the Subscriber, and to keep the applicable Registration
Statement or any subsequent shelf registration statement free of any material misstatements or omissions, until the earliest of the following:
(A) the Subscriber ceases to hold any Registrable Shares and (B) two (2) years from the date of effectiveness of the
Registration Statement. The period of time during which SBEA is required hereunder to keep a Registration Statement effective is referred
to herein as the “Registration Period”;

 

(ii)             during
the Registration Period, advise the Subscriber, as expeditiously as possible:

 

(1)              
when a Registration Statement or any post-effective amendment thereto has become effective;

 

(2)              
after it shall receive notice or obtain knowledge thereof, of the issuance by the SEC of any stop order suspending the effectiveness
of any Registration Statement or the initiation of any proceedings for such purpose;

 

(3)              
of the receipt by SBEA of any notification with respect to the suspension of the qualification of the Registrable Shares included
therein for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

(4)              
subject to the provisions in this Subscription Agreement, of the occurrence of any event that requires the making of any changes
in any Registration Statement or Prospectus so that, as of such date, the statements therein are not misleading and do not omit to state
a material fact required to be stated therein or necessary to make the statements therein (in the case of a Prospectus, in the light
of the circumstances under which they were made) not misleading.

 

Notwithstanding anything
to the contrary set forth herein, SBEA shall not, when so advising the Subscriber of such events, provide the Subscriber with any material,
nonpublic information regarding SBEA other than to the extent that providing notice to the Subscriber of the occurrence of the events
listed in (1) through (4) above constitutes material, nonpublic information regarding SBEA;

 

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

 

    13 

     

    

 

(iv)            during
the Registration Period, upon the occurrence of any event contemplated in Section 7(b)(ii)(4) above, except for such times
as SBEA is permitted hereunder to suspend, and has suspended, the use of a Prospectus forming part of a Registration Statement, SBEA
shall use its commercially reasonable efforts to as soon as reasonably practicable prepare a post-effective amendment to such Registration
Statement or a supplement to the related Prospectus, or file any other required document so that, as thereafter delivered to purchasers
of the Registrable Shares included therein, such Prospectus will not include any untrue statement of a material fact or omit to state
any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;
and

 

(v)              during
the Registration Period, use its commercially reasonable efforts to cause all Registrable Shares to be listed on each securities exchange
or market, if any, on which the Shares have been listed.

 

(c)              Notwithstanding
anything to the contrary in this Subscription Agreement, SBEA shall be entitled to delay the filing or effectiveness of, or suspend the
use of, the Registration Statement (x) if it determines that in order for the Registration Statement not to contain a material misstatement
or omission, (i) an amendment thereto would be needed to include information that would at that time not otherwise be required
in a current, quarterly, or annual report under the Exchange Act or (ii) the negotiation or consummation of a transaction by SBEA
or its subsidiaries is pending or an event has occurred, which negotiation, consummation or event SBEA’s board of directors reasonably
believes, following consultation with counsel, would require additional disclosure by SBEA in the Registration Statement of material
information that SBEA has a bona fide business purpose for keeping confidential and the non-disclosure of which in the Registration
Statement would be expected, in the reasonable determination of SBEA’s board of directors, following consultation with counsel,
to cause the Registration Statement to fail to comply with applicable disclosure requirements, (y) during any customary blackout or similar
period or as permitted hereunder and (z) as may be necessary in connection with the preparation and filing of a post-effective amendment
to the Registration Statement following the filing of SBEA’s Annual Report on Form 10-K for its first completed fiscal year following
the Closing (each such circumstance, a “Suspension Event”); provided, however, that SBEA may not delay
or suspend the Registration Statement for more than ninety (90) consecutive calendar days or for more than one hundred twenty (120) total
calendar days during any twelve-month period. Upon receipt of any written notice from SBEA of the happening of any Suspension Event during
the period that the Registration Statement is effective or if as a result of a Suspension Event the Registration Statement or related
Prospectus contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary
to make the statements therein (in light of the circumstances under which they were made, in the case of the Prospectus) not misleading,
the Subscriber agrees that (i) it will immediately discontinue offers and sales of the Registrable Shares under the Registration
Statement (excluding, for the avoidance of doubt, sales conducted pursuant to Rule 144) until the Subscriber receives copies of
a supplemental or amended Prospectus (which SBEA agrees to promptly prepare and deliver) that corrects the misstatement(s) or omission(s)
referred to above and receives notice that any post-effective amendment has become effective or unless otherwise notified by SBEA that
it may resume such offers and sales, and (ii) it will maintain the confidentiality of any information included in such written
notice delivered by SBEA unless otherwise required by applicable law, rule, regulation or in connection with any legal proceeding or
regulatory request; provided, that, for the avoidance of doubt, such written notice shall not include any material nonpublic information
with respect to SBEA. If so directed by SBEA, the Subscriber will deliver to SBEA or, in the Subscriber’s sole discretion destroy,
all copies of the Prospectus covering the Registrable Shares in the Subscriber’s possession; provided, however,
that this obligation to deliver or destroy all copies of the Prospectus covering the Registrable Shares shall not apply (A) to
the extent the Subscriber is required to retain a copy of such Prospectus (1) to comply with applicable legal, regulatory, self-regulatory
or professional requirements or (2) in accordance with a bona fide pre-existing document retention policy or (B) to
copies stored electronically on archival servers as a result of automatic data back-up.

 

    14 

     

    

 

(d)              SBEA
will use its commercially reasonable efforts to (A) at the reasonable request of Subscriber, deliver all the necessary documentation
to cause SBEA’s transfer agent to remove all restrictive legends from any Shares being sold under the Registration Statement or
pursuant to Rule 144 at the time of sale of the Shares, or that may be sold by Subscriber without restriction under Rule 144, including
without limitation, any volume and manner of sale restrictions, and (B) cause its legal counsel to deliver to the transfer agent the
necessary legal opinions required by the transfer agent, if any, in connection with the instruction under clause (A) upon
the receipt of Subscriber representation letters and such other customary supporting documentation as requested by (and in a form reasonably
acceptable to) such counsel, in each case within three (3) trading days of such request. The Subscriber agrees to disclose its beneficial
ownership, as determined in accordance with Rule 13d-3 of the Exchange Act, of Shares to SBEA (or its successor) upon reasonable request
to assist SBEA in making the determination described above.

 

(e)              For
purposes of this Section 7, “Shares” shall mean, as of any date of determination, the subscribed Shares (as defined
in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the subscribed Shares
by way of share split, dividend, distribution, recapitalization, merger, exchange, replacement or similar event, and “Subscriber”
shall include any affiliate of the Subscriber to which the rights under this Section 7 shall have been duly assigned. Following
the consummation of the Transaction, the obligations of SBEA under this Section 7 shall be assumed by PubCo and references to
SBEA shall refer to PubCo where applicable.

 

8.                 
Short Sales. The Subscriber agrees that, from the date of this Subscription Agreement through the Closing, none of the
Subscriber, its controlled affiliates, or any person or entity acting on behalf of the Subscriber or any of its controlled affiliates
or pursuant to any understanding with the Subscriber or any of its controlled affiliates will engage in any hedging or other transactions
or arrangements (including, without limitation, any short sale or the purchase or sale of, or entry into, any put or call option, or
combination thereof, forward, swap or any other derivative transaction or instrument, however described or defined) designed or intended,
or which could reasonably be expected to lead to or result in, a sale, loan, pledge or other disposition or transfer (whether by the
Subscriber or any other person) of any economic consequences of ownership, in whole or in part, directly or indirectly, of any securities
of SBEA, whether any such transaction or arrangement (or instrument provided for thereunder) would be settled by delivery of securities
of SBEA, in cash or otherwise, or to publicly disclose the intention to undertake any of the foregoing.

 

    15 

     

    

 

9.                 
 Termination. This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights
and obligations of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon
the earliest to occur of (a) such date and time as the Transaction Agreement is terminated in accordance with its terms prior to
the closing of the Transaction, (b) upon the mutual written agreement of each of the parties hereto and the Company to terminate
this Subscription Agreement, and (c) the delivery of a notice of termination of this Subscription
Agreement by the Subscriber to SBEA following the “Termination Date” as defined in the Business Combination Agreement (as
such date may be amended or extended from time to time), if the closing of the Transaction has not occurred on or before such
date (provided, that the right to terminate this Subscription Agreement pursuant to this clause
(c) shall not be available to the Subscriber if the Subscriber’s breach of any of its covenants or obligations under this Subscription
Agreement (or if an affiliate of the Subscriber is one of the Subscribers under an Other Subscription Agreement, and such other Subscriber’s
breach of any of its covenants or obligations under the Other Subscription Agreement), either individually or in the aggregate, shall
have proximately caused the failure of the consummation of the Transaction on or before such date); provided that nothing
herein will relieve any party from liability for any willful breach hereof prior to the time of termination, and each party will be entitled
to any remedies at law or in equity to recover losses, liabilities or damages arising from any such willful breach. SBEA shall notify
the Subscriber of the termination of the Transaction Agreement promptly after the termination of such agreement. Upon the termination
of this Subscription Agreement in accordance with this Section 9, any monies paid by the Subscriber to SBEA in connection
herewith shall be promptly (and in any event within one business day after such termination) returned to the Subscriber without any deduction.

 

10.             
Trust Account Waiver. The Subscriber acknowledges that SBEA is a blank check company with the powers and privileges to
effect a merger, asset acquisition, reorganization or similar business combination involving SBEA and one or more businesses or assets.
The Subscriber further acknowledges that, as described in SBEA’s prospectus relating to its initial public offering dated February
25, 2021, substantially all of SBEA’s assets consist of the cash proceeds of SBEA’s initial public offering and private placements
of its securities and substantially all of those proceeds have been deposited in the trust account (the “Trust Account”)
for the benefit of SBEA, certain of its public stockholders and the underwriters of SBEA’s initial public offering pursuant to
a trust agreement (the “Trust Agreement”). The Subscriber acknowledges that it has been advised by SBEA that, except
with respect to interest earned on the funds held in the Trust Account that may be released to SBEA to pay its franchise tax, income
tax or other tax obligations, the Trust Agreement provides that cash in the Trust Account may be disbursed only (a) if SBEA completes
an initial business combination, then to those persons and in such amounts as required by the terms and conditions of such transaction,
(b) if SBEA fails to complete an initial business combination within the allotted time period and liquidates, subject to the terms of
the Trust Agreement and applicable law, to SBEA in limited amounts to permit SBEA to pay applicable taxes and the costs and expenses
of its liquidation and dissolution, and then SBEA’s public stockholders, and (c) if SBEA holds a stockholder vote to amend SBEA’s
amended and restated certificate of incorporation (A) to modify the substance or timing of SBEA’s obligation to allow redemption
in connection with SBEA’s initial business combination or to redeem one hundred percent (100%) of the outstanding shares of Class
A Common Stock if SBEA does not complete an initial business combination within the allocated time period or (B) with respect to any
other provisions relating to the rights of holders of Class A Common Stock or pre-initial business combination activity, then for the
redemption of any Class A Common Stock properly tendered in connection with such vote. For and in consideration of SBEA entering into
this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Subscriber hereby irrevocably waives any
right, title, interest or claim of any kind it has or may have in the future in or to any monies in the Trust Account and distributions
therefrom and agrees not to seek recourse against the Trust Account or any funds distributed therefrom whether or not as a result of,
or arising out of, this Subscription Agreement or for any other reason; provided, however, that nothing in this Section
10 shall (a) serve to limit or prohibit Subscriber’s right, title, interest or claim to a pro rata interest in the Trust Account
by virtue of the Subscriber’s record or beneficial ownership of Class A Common Stock acquired by any means other than pursuant
to this Subscription Agreement and validly redeemed or (b) be deemed to limit Subscriber’s right to exercise any redemption rights
with respect to any Class A Common Stock owned by Subscriber.

 

    16 

     

    

 

11.             
Miscellaneous.

 

(a)              
Neither this Subscription Agreement nor any rights that may accrue to the Subscriber hereunder (other than the Shares acquired
hereunder, if any) may be transferred or assigned, other than an assignment to (i) if the Subscriber is an investment fund or other investment
vehicle, any fund or account managed by the Subscriber or the same investment manager as the Subscriber or an affiliate thereof, (ii)
in the event that the Subscriber is a corporation, any parent company or wholly-owned subsidiary or affiliate of the Subscriber or such
parent company, or (iii) any third party with the prior written consent of SBEA, in its sole discretion, in each case, subject to, if
such transfer or assignment is prior to the Closing, such transferee or assignee, as applicable, executing a joinder to this Subscription
Agreement or a separate subscription agreement in substantially the same form as this Subscription Agreement, including with respect
to the Subscription Amount and other terms and conditions, provided, that, in the case of any such transfer or assignment made
without the prior written consent of SBEA, as applicable, the initial party to this Subscription Agreement shall remain bound by its
obligations under this Subscription Agreement in the event that the transferee or assignee, as applicable, does not comply with its obligations
to consummate the purchase of Shares contemplated hereby. Neither this Subscription Agreement nor any rights that may accrue to SBEA
hereunder or any of SBEA’s obligations may be transferred or assigned other than pursuant to the Transaction.

 

(b)              
SBEA may request from the Subscriber such additional information as SBEA may deem reasonably necessary to evaluate the eligibility
of the Subscriber to acquire the Shares and in connection with the inclusion of the Shares in the Registration Statement, and the Subscriber
shall promptly provide such information as may reasonably be requested, to the extent readily available and to the extent consistent
with its internal policies and procedures, and provided that SBEA agrees to keep any such information provided by the Subscriber confidential,
except as may be required by applicable law, rule, regulation or in connection with any legal proceeding or regulatory request. The Subscriber
acknowledges and agrees that if it does not provide SBEA with such requested information, SBEA may not be able to register the Shares
acquired by the Subscriber pursuant to this Subscription Agreement for resale pursuant to Section 7 hereof. The Subscriber hereby
agrees that its identity and the Subscription Agreement, as well as the nature of the Subscriber’s obligations hereunder, may be
disclosed in any public disclosure required by the SEC and in any registration statement, proxy statement, consent solicitation statement
or any other SEC filing to be filed by SBEA in connection with the issuance of the Shares contemplated by this Subscription Agreement
and/or the Transaction, provided that such disclosure is required by federal securities laws, rules or regulations or by other laws,
rules or regulations, at the request of the staff of the SEC or regulatory agency or under the regulations of the Stock Exchange.

 

(c)              
The Subscriber acknowledges that SBEA and the Company and others will rely on the acknowledgements, understandings, agreements,
representations and warranties of the Subscriber contained in this Subscription Agreement. Prior to the Closing, the Subscriber agrees
to promptly notify SBEA if any of the acknowledgments, understandings, agreements, representations and warranties of the Subscriber set
forth herein are no longer accurate. The Subscriber acknowledges and agrees that the purchase by the Subscriber of Shares under this
Subscription Agreement from SBEA will constitute a reaffirmation of the acknowledgments, understandings, agreements, representations
and warranties herein (as modified by any such notification) by the Subscriber as of the time of such purchase.

 

    17 

     

    

 

(d)              
SBEA and the Company are each entitled to rely upon this Subscription Agreement and each is irrevocably authorized to produce
this Subscription Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with
respect to the matters covered hereby, subject to the terms and condition of this Subscription Agreement.

 

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

 

(f)               
This Subscription Agreement may not be modified, waived or terminated (other than pursuant to the terms of Section 9
above) except by an instrument in writing, signed by each of the parties hereto; provided, however, that no modification,
amendment or waiver of the provisions of this Subscription Agreement shall be effective without the prior written consent of the Company ;
provided further that the Subscriber may waive any rights hereunder without obtaining written consent from SBEA or the Company.
No failure or delay of either party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single
or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any
course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies
of the parties and third-party beneficiaries hereunder are cumulative and are not exclusive of any rights or remedies that they would
otherwise have hereunder.

 

(g)              
This Subscription Agreement (including the schedule hereto) constitutes the entire agreement, and supersedes all other prior agreements
(including any existing commitment letter with SBEA), understandings, representations and warranties, both written and oral, among the
parties, with respect to the subject matter hereof. Except as set forth in Section 3(a), Section 3(c), Section 9,
Section 11(c), Section 11(d), Section 11(f), this Section 11(g), Section 11(k) and Section
13, with respect to the persons referenced therein, this Subscription Agreement shall not confer any rights or remedies upon any
person other than the parties hereto, and their respective successor and assigns and the parties hereto acknowledge that such persons
so referenced are third party beneficiaries of this Subscription Agreement with right of enforcement for the purposes of, and to the
extent of, the rights granted to them, if any, pursuant to the applicable provisions; provided, that, notwithstanding anything to the
contrary contained in this Subscription Agreement, the Company is an intended third party beneficiary of each of the provisions of this
Subscription Agreement.

 

(h)              
Except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties
hereto and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations,
warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs, executors,
administrators, successors, legal representatives and permitted assigns. Without limiting the foregoing, the Subscriber may at any time
by delivery of written notice to SBEA or, after the Closing, PubCo transfer all or a portion of the Shares to one or more of its Affiliates
(as defined in the Transaction Agreement), and upon any such transfer the rights and obligations of the Subscriber under this Subscription
Agreement with respect to such transferred Shares will inure to the benefit of and be binding upon each such Affiliate transferee.

 

    18 

     

    

 

(i)                
If any provision of this Subscription Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, illegal
or unenforceable, the validity, legality or enforceability of the remaining provisions of this Subscription Agreement shall not in any
way be affected or impaired thereby and shall continue in full force and effect. The parties hereto shall endeavor in good faith negotiations
to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible
to that of the prohibited, invalid or unenforceable provision(s).

 

(j)                
This Subscription Agreement may be executed in one or more counterparts (including by electronic mail or in .pdf) and by different
parties in separate counterparts, with the same effect as if all parties hereto had signed the same document. Counterparts may be delivered
via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic
Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method
and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.
All counterparts so executed and delivered shall be construed together and shall constitute one and the same agreement.

 

(k)              
The parties hereto acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Subscription
Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
hereto shall be entitled to an injunction or injunctions to prevent breaches of this Subscription Agreement, without posting a bond or
undertaking and without proof of damages, to enforce specifically the terms and provisions of this Subscription Agreement, this being
in addition to any other remedy to which such party is entitled at law, in equity, in contract, in tort or otherwise. The parties hereto
acknowledge and agree that the Company shall be entitled to seek to specifically enforce the Subscriber’s obligations to fund the
Subscription Amount and the provisions of this Subscription Agreement of which the Company is an express third party beneficiary, in
each case, on the terms and subject to the conditions set forth herein.

 

(l)                
 THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE COURT OF CHANCERY OF THE STATE OF DELAWARE (OR, TO
THE EXTENT SUCH COURT DOES NOT HAVE SUBJECT MATTER JURISDICTION, THE SUPERIOR COURT OF THE STATE OF DELAWARE, OR THE UNITED STATES DISTRICT
COURT FOR THE DISTRICT OF DELAWARE) SOLELY IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS OF THIS SUBSCRIPTION AGREEMENT
AND THE DOCUMENTS REFERRED TO IN THIS SUBSCRIPTION AGREEMENT AND IN RESPECT OF THE TRANSACTIONS CONTEMPLATED HEREBY, AND HEREBY WAIVE,
AND AGREE NOT TO ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR PROCEEDING FOR INTERPRETATION OR ENFORCEMENT HEREOF OR ANY SUCH DOCUMENT
THAT IS NOT SUBJECT THERETO OR THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SAID COURTS OR THAT
VENUE THEREOF MAY NOT BE APPROPRIATE OR THAT THIS SUBSCRIPTION AGREEMENT OR ANY SUCH DOCUMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS,
AND THE PARTIES HERETO IRREVOCABLY AGREE THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION, SUIT OR PROCEEDING SHALL BE HEARD AND DETERMINED
BY SUCH A DELAWARE STATE OR FEDERAL COURT. THE PARTIES HEREBY CONSENT TO AND GRANT ANY SUCH COURT JURISDICTION OVER THE PERSON OF SUCH
PARTIES AND OVER THE SUBJECT MATTER OF SUCH DISPUTE AND AGREE THAT MAILING OF PROCESS OR OTHER PAPERS IN CONNECTION WITH SUCH ACTION,
SUIT OR PROCEEDING IN THE MANNER PROVIDED IN THIS SECTION 11(l) or SECTION 15 OF THIS SUBSCRIPTION AGREEMENT OR IN SUCH
OTHER MANNER AS MAY BE PERMITTED BY LAW SHALL BE VALID AND SUFFICIENT SERVICE THEREOF. THIS SUBSCRIPTION AGREEMENT, AND ANY CLAIM OR
CAUSE OF ACTION HEREUNDER BASED UPON, ARISING OUT OF, OR RELATED TO THIS SUBSCRIPTION AGREEMENT (WHETHER BASED ON LAW, IN EQUITY, IN
CONTRACT, IN TORT OR ANY OTHER THEORY) OR THE NEGOTIATION, EXECUTION, PERFORMANCE OR ENFORCEMENT OF THIS SUBSCRIPTION AGREEMENT, SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF
LAWS THAT WOULD OTHERWISE REQUIRED THE APPLICATION OF THE LAW OF ANY OTHER STATE.

 

(m)            
EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SUBSCRIPTION AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES
THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (II) SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE
IMPLICATIONS OF THE FOREGOING WAIVER; (III) SUCH PARTY MAKES THE FOREGOING WAIVER VOLUNTARILY; AND (IV) SUCH PARTY HAS BEEN
INDUCED TO ENTER INTO THIS SUBSCRIPTION AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS IN THIS SECTION 11(m).

 

    19 

     

    

 

12.             
Each of the Subscriber and SBEA acknowledges and agrees that for U.S. federal income tax purposes, the Subscriber shall be deemed
to be the owner of any funds transferred by the Subscriber to SBEA unless and until the Closing is fully completed in accordance with
the terms of this Subscription Agreement.

 

13.             
Non-Reliance and Exculpation. The Subscriber acknowledges that it is not relying upon, and has not relied upon, any statement,
representation or warranty made by any person, firm or corporation (including, without limitation, SBEA, the Company, any of their respective
affiliates or any control persons, officers, directors, employees, partners, agents or representatives of any of the foregoing) with
respect to the purchase of the Shares pursuant to this Subscription Agreement, other than the statements, representations and warranties
of SBEA expressly contained in Section 5 of this Subscription Agreement, in making its investment or decision to purchase
the Shares. The Subscriber acknowledges and agrees that none of (i) any Other Subscriber pursuant to any Other Subscription Agreement
related to the PIPE Investment (including the Other Subscriber’s respective affiliates or any control persons, officers, directors,
employees, partners, agents or representatives of any of the foregoing), (ii) any other party to the Transaction Agreement (other
than SBEA), or (iii) any affiliates, or any control persons, officers, directors, employees, partners, agents or representatives
of any of SBEA, the Company or any other party to the Transaction Agreement shall be liable to the Subscriber pursuant to this Subscription
Agreement related to the PIPE Investment, the negotiation hereof or the subject matter hereof, or the transactions contemplated hereby,
for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Shares, including,
without limitation, with respect to any action heretofore or hereafter taken or omitted to be taken by any of them in connection with
the purchase of the Shares or with respect to any claim (whether in tort, contract or otherwise) for breach of this Subscription Agreement
or in respect of any written or oral representations made or alleged to be made in connection herewith, as expressly provided herein,
or for any actual or alleged inaccuracies, misstatements or omissions with respect to any information or materials of any kind furnished
by SBEA, the Company or any Non-Party Affiliate concerning SBEA, the Company, any of their affiliates, this Subscription Agreement or
the transactions contemplated hereby. For purposes of this Subscription Agreement, “Non-Party Affiliates” means each
former, current or future officer, director, employee, partner, member, manager, direct or indirect equityholder or affiliate of SBEA,
the Company or any of their respective affiliates or any family member of the foregoing.

 

14.             
Press Releases. SBEA shall, on the first business day immediately following the date of this Subscription Agreement, issue
one or more press releases or furnish or file with the SEC a Current Report on Form 8-K (collectively, the “Disclosure
Document”) disclosing, to the extent not previously publicly disclosed, the PIPE Investment, all material terms of the Transaction
and any other material, nonpublic information (whether written or oral) that SBEA or its directors, officers, employees, agents or representatives
have provided to the Subscriber or any of its affiliates, or their respective directors, officers, employees, agents or representatives,
at any time prior to the filing of the Disclosure Document. From and after the disclosure of the Disclosure Document, to the knowledge
of SBEA, the Subscribers shall not be in possession of any material, nonpublic information received from SBEA or any of its officers,
directors, employees, agents or representatives, and the Subscriber shall no longer be subject to any confidentiality or similar obligations
under any current agreement, whether written or oral, with SBEA or any of its affiliates in connection with the Transaction. All press
releases or other public communications of the Subscriber relating to the transactions contemplated hereby between SBEA and the Subscriber,
and the method of the release for publication thereof, shall be subject to the prior approval of SBEA. Notwithstanding anything in this
Subscription Agreement to the contrary, SBEA shall not publicly disclose the name, or any trademark or logo of the Subscriber or its
affiliates or investment advisers without the prior written consent of the Subscriber (i) in any press release, marketing or similar
materials or (ii) in any filing with the SEC or with any regulatory agency or trading market, except as required by federal securities
laws, rules or regulations or to the extent such disclosure is required by other laws, rules or regulations, at the request of the staff
of the SEC or regulatory agency or under the regulations of the Stock Exchange. Notwithstanding anything in this Subscription Agreement
to the contrary, SBEA shall use reasonable efforts to not, and shall use reasonable efforts to cause each of its directors, officers,
employees, agents and representatives to not, provide the Subscriber with any material nonpublic information (whether written or oral)
regarding SBEA from and after the filing of the Disclosure Document with the SEC without the express prior written consent of the Subscriber.
SBEA understands and confirms that the Subscriber and the Subscriber’s affiliates, attorneys, agents or representatives will rely
on the foregoing representations and covenants in effecting transactions of securities in SBEA.

 

    20 

     

    

 

15.             
Notices. All notices and other communications among the parties shall be in writing and shall be deemed to have been duly
given (i) when delivered in person, (ii) when delivered after posting in the United States mail having been sent registered
or certified mail return receipt requested, postage prepaid, (iii) when delivered by FedEx or other nationally recognized overnight
delivery service, or (iv) when delivered by email (in each case in this clause (iv), solely if receipt is confirmed, but excluding
any automated reply, such as an out-of-office notification), addressed as follows:

 

If to the Subscriber, to
the address provided on the Subscriber’s signature page hereto.

 

If to SBEA, to:

 

SilverBox Engaged Merger Corp I

1250 S. Capital of Texas Highway

Building 2, Suite 285

Austin, TX 78746

	 	Attention:	Stephen M. Kadenacy
	 	Email:	sk@sbcap.com

  

with copies to (which shall
not constitute notice), to:

 

Paul Hastings LLP

515 South Flower Street

Twenty-Fifth Floor

Los Angeles, CA 90071 

	 	Attention:	Jonathan Ko
	 	Email:	jonathanko@paulhastings.com

 

and

 

Paul Hastings LLP

1999 Century Park East

Los Angeles, CA 90067

	 	Attention:	David Hernand
	 	Email:	davidhernand@paulhastings.com

 

    21 

     

    

  

If to the Company, to:

 

Authentic Brands LLC

1144 S 500 W

Salt Lake City, UT 84101

	 	Attention:	Tom Davin
	 	Email:	tom.davin@blackriflecoffee.com

  

with copies to (which shall
not constitute notice), to:

 

Kirkland & Ellis LLP

601 Lexington Avenue

New York, New York 10022 

	 	Attention:	Joshua N. Korff, P.C.
	 	 	Peter Seligson
	 	Email:	joshua.korff@kirkland.com
	 	 	peter.seligson@kirkland.com

 

or to such other address or addresses as the
parties may from time to time designate in writing. Copies delivered solely to outside counsel shall not constitute notice.

 

16.             
Stock Splits, etc. Other than as contemplated by the Transaction Agreement, if any change in the shares of SBEA Class C
Common Stock shall occur between the date hereof and immediately prior to the Closing by reason of any reclassification, recapitalization,
stock split (including reverse stock split) or combination, exchange or readjustment of shares, or any stock dividend, the number and
type of Shares issued to the Subscriber and the Subscription Amount and Per Share Subscription Price shall be appropriately adjusted
to reflect such change.

 

    22 

     

    

 

17.             
Separate Obligations. The obligations of the Subscriber under this Subscription Agreement are several and not joint with
the obligations of any Other Subscriber or any other investor under the Other Subscription Agreements, and the Subscriber shall not be
responsible in any way for the performance of the obligations of any Other Subscriber under any Other Subscriber or other investor under
the Other Subscription Agreements. The decision of Subscriber to purchase Shares pursuant to this Subscription Agreement has been made
by Subscriber independently of any Other Subscriber or any other investor and independently of any information, materials, statements
or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or
otherwise) or prospects of SBEA, the Company or any of its subsidiaries which may have been made or given by any Other Subscriber or
investor or by any agent or employee of any Other Subscriber or investor, and neither Subscriber nor any of its agents or employees shall
have any liability to any Other Subscriber or investor (or any other person) relating to or arising from any such information, materials,
statements or opinions. Nothing contained herein or in any Other Subscription Agreement, and no action taken by the Subscriber pursuant
hereto or by an Other Subscriber thereto, shall be deemed to constitute the Subscriber and Other Subscribers as a partnership, an association,
a joint venture or any other kind of entity, or create a presumption that the Subscriber and Other Subscribers are in any way acting
in concert or as a group with respect to such obligations or the transactions contemplated by this Subscription Agreement and the Other
Subscription Agreements. The Subscriber acknowledges that no Other Subscriber has acted as agent for the Subscriber in connection with
making its investment hereunder and no Other Subscriber will be acting as agent of the Subscriber in connection with monitoring its investment
in the Shares or enforcing its rights under this Subscription Agreement. The Subscriber shall be entitled to independently protect and
enforce its rights, including without limitation the rights arising out of this Subscription Agreement, and it shall not be necessary
for any Other Subscriber to be joined as an additional party in any proceeding for such purpose.

 

18.             
Other Subscription Agreements. SBEA represents to the Subscriber that each of the Other Subscription Agreements relating
to the PIPE Investment is substantially identical to this Subscription Agreement and that the per share subscription price being paid
by the Other Subscribers is the same as the Per Share Subscription Price provided in this Subscription Agreement. SBEA agrees that if
it enters into any amendment, modification or supplement to any Other Subscription Agreement, or waives or releases any provision thereof
and, if such amendment, modification, supplement, waiver or release was currently in effect, would make the representation in the preceding
sentence inaccurate, then SBEA shall promptly provide the Subscriber with written notice thereof and a copy of the applicable provisions
of such Other Subscription Agreement (which need not identify such Other Subscriber), and unless the Subscriber elects otherwise within
five business days after the date of such notice, this Subscription Agreement will be deemed to be amended to conform the provisions
of this Subscription Agreement with the applicable provisions of such Other Subscription Agreement.

 

[SIGNATURE PAGES FOLLOW]

 

    23 

     

    

 

IN WITNESS WHEREOF,
the Subscriber has executed or caused this Subscription Agreement to be executed by its duly authorized representative as of the date
set forth below.

 

	Name of Subscriber:	 	State/Country of Formation or Domicile:
	 	 	 
	By:	 	 	 
	Name:	     	 	 
	Title:	 	 	 

 

	Name in which Shares are to be registered (if different):	 	Date:  ________________, 2021
	 	 	 
	Subscriber’s EIN:	 	 
	 	 	 
	Business Address-Street: 
	 	Mailing Address-Street (if different):
	 	 	 
	City, State, Zip:  	 	City, State, Zip:

 

	Attn:	 	Attn:	     
	 	 	 
	Telephone No.:	 	Telephone No.:
	 	 	 
	Facsimile No.:	 	Facsimile No.:

 	Email
                                Address: 	 	Email Address:

 

	Number of Shares subscribed for:	 	[●] (prior to any increase
    pursuant to Section 1, if applicable)
	 	 	 
	Minimum Subscription Amount: 	 	[●] (prior to any increase pursuant to Section
    1, if applicable)
	 	 	 
	Maximum Additional Subscription Amount:	 	$[●]
	 	 	 
	Price Per Share:	 	$10.00
	 	 	 
	Backstop Percentage:	 	[●]%

  

You must pay the Subscription
Amount by wire transfer of United States dollars in immediately available funds to the account specified by SBEA in the Closing Notice.

 

    

     

    

 

IN WITNESS WHEREOF, SBEA
has accepted this Subscription Agreement as of the date set forth below.

 

	 	SILVERBOX ENGAGED MERGER CORP I
	 	 
	 	By:	 
	 	 	Name: Stephen M. Kadenacy
	 	 	Title: Chief Executive Officer
	Date: November 2, 2021

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