Document:

Exhibit 10.1

 

Execution Version

 

SUBSCRIPTION AGREEMENT

 

This SUBSCRIPTION AGREEMENT
(this “Subscription Agreement”) is entered into this 10th day of December, 2020, by and among Innoviz Technologies
Ltd., a company organized under the laws of the State of Israel (the “Issuer”), and the undersigned (“Subscriber”
or “you”). Defined terms used but not otherwise defined herein shall have the respective meanings ascribed thereto
in the Business Combination Agreement (as defined below).

 

WHEREAS, the Issuer,
Hatzata Merger Sub, Inc., a wholly owned subsidiary of the Issuer (the “Merger Sub”) and Collective Growth Corporation,
a Delaware corporation (the “Company”), will, immediately following the execution of this Subscription Agreement,
enter into that certain Business Combination Agreement, dated as of December 10, 2020 (as amended, modified, supplemented or waived
from time to time in accordance with its terms, the “Business Combination Agreement”), pursuant to which, inter
alia, the Merger Sub will be merged with and into the Company, with the Company surviving as a wholly owned subsidiary of the
Issuer (the “Business Combination”), on the terms and subject to the conditions set forth therein (the Business
Combination, together with the other transactions contemplated by the Business Combination Agreement, the “Transactions”);
and

 

WHEREAS, in connection
with the Transactions, Subscriber desires to subscribe for and purchase from the Issuer that number of Issuer’s ordinary
shares of no par value (the “Ordinary Shares”) set forth on the signature page hereto (the “Shares”)
for a purchase price of $10.00 per share, for the aggregate purchase price set forth on Subscriber’s signature page hereto,
which purchase price assumes that the Issuer has effected a reverse stock split prior to the Effective Time in order to cause the
Company Share Value to equal $10.00 (the “Purchase Price”), and the Issuer desires to issue and sell to Subscriber
the Shares in consideration of the payment of the Purchase Price therefor by or on behalf of Subscriber to the Issuer, all on the
terms and conditions set forth herein; and

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, herein contained, and
intending to be legally bound hereby, the parties hereto hereby agree as follows:

 

1. Subscription.
Subject to the terms and conditions hereof, at the Closing, Subscriber hereby agrees to subscribe for and purchase, and the Issuer
hereby agrees to issue and sell to Subscriber, upon the payment of the Purchase Price, the Shares (such subscription and issuance,
the “Subscription”).

 

2. Representations,
Warranties and Agreements.

 

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

 

2.1.1 If
Subscriber is not an individual, Subscriber has been duly formed or incorporated and is validly existing in good standing under
the laws of its jurisdiction of incorporation or formation, with power and authority to enter into, deliver and perform its obligations
under this Subscription Agreement. If Subscriber is an individual, Subscriber has the authority to enter into, deliver and perform
its obligations under this Subscription Agreement.

 

     

     

    

 

2.1.2 If
Subscriber is not an individual, this Subscription Agreement has been duly authorized, validly executed and delivered by Subscriber.
If Subscriber is an individual, the signature on this Subscription Agreement is genuine, and Subscriber has legal competence and
capacity to execute the same. This Subscription Agreement is enforceable against 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.

 

2.1.3 The
execution, delivery and performance by Subscriber of this Subscription Agreement and the consummation of the transactions contemplated
herein do not and will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute
a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets
of Subscriber 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 Subscriber or any of its subsidiaries is a party or by which Subscriber or any
of its subsidiaries is bound or to which any of the property or assets of Subscriber or any of its subsidiaries is subject, which
would reasonably be expected to prevent or delay Subscriber’s timely performance of its obligations under this Subscription
Agreement (a “Subscriber Material Adverse Effect”), (ii) if Subscriber is not an individual, result in any violation
of the provisions of the organizational documents of Subscriber or any of its subsidiaries 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 Subscriber or any of its subsidiaries or any of their respective properties that would reasonably be expected
to have a Subscriber Material Adverse Effect.

 

2.1.4 Subscriber
(i) is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933 (as amended, the
“Securities Act”)) or an “accredited investor” (within the meaning of Rule 501(a) under the Securities
Act) satisfying the applicable requirements set forth on Schedule I, (ii) is acquiring the Shares only for its own account
and not for the account of others, or if Subscriber is subscribing for the Shares as a fiduciary or agent for one or more investor
accounts, each owner of such account is an accredited investor and Subscriber has full investment discretion with respect to each
such account, and the full power and authority to make the acknowledgements, representations, warranties 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 on Schedule I
following the signature page hereto). Subscriber is not an entity formed for the specific purpose of acquiring the Shares.

 

2.1.5 Subscriber
understands that the Shares are being offered in a transaction not involving any public offering within the meaning of the Securities
Act and that the Shares have not been registered under the Securities Act. Subscriber understands that the Shares may not be resold,
transferred, pledged or otherwise disposed of by Subscriber absent an effective registration statement under the Securities Act,
except (i) to the Issuer or a subsidiary thereof, (ii) to non-U.S. persons pursuant to offers and sales that occur solely outside
the United States within the meaning of Regulation S under the Securities Act or (iii) pursuant to another applicable exemption
from the registration requirements of the Securities Act, and in each of cases (i) and (iii), in accordance with any applicable
securities laws of the states and other jurisdictions of the United States, and that any certificates or book entries representing
the Shares shall contain a legend to such effect. Subscriber acknowledges that the Shares will not be eligible for resale pursuant
to Rule 144A promulgated under the Securities Act. Subscriber understands and agrees that the Shares will be subject to transfer
restrictions and, as a result of these transfer restrictions, Subscriber may not be able to readily resell the Shares and may be
required to bear the financial risk of an investment in the Shares for an indefinite period of time. Subscriber understands that
it has been advised to consult legal counsel prior to making any offer, resale, pledge or transfer of any of the Shares.

 

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2.1.6 Subscriber
understands and agrees that Subscriber is purchasing the Shares directly from the Issuer. Subscriber further acknowledges that
there have been no representations, warranties, covenants or agreements made to Subscriber by the Issuer, the Company or any of
their respective affiliates, officers or directors, expressly or by implication, other than those representations, warranties,
covenants and agreements expressly set forth in this Subscription Agreement, and Subscriber is not relying on any representations,
warranties or covenants other than those expressly set forth in this Subscription Agreement.

 

2.1.7 Subscriber
represents and warrants that its acquisition and holding of the Shares will not constitute or result in a non-exempt prohibited
transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”),
Section 4975 of the Internal Revenue Code of 1986, as amended, or any applicable similar law.

 

2.1.8 In
making its decision to purchase the Shares, Subscriber represents that it has relied solely upon independent investigation made
by Subscriber. Without limiting the generality of the foregoing, Subscriber has not relied on any statements or other information
provided by anyone other than the Issuer concerning the Issuer or the Shares or the offer and sale of the Shares. Subscriber acknowledges
and agrees that Subscriber has received and has had an adequate opportunity to review, such financial and other information as
Subscriber deems necessary in order to make an investment decision with respect to the Shares, including with respect to the Issuer,
the Company and the Transactions and made its own assessment and is satisfied concerning the relevant tax and other economic considerations
relevant to the Subscriber’s investment in the Shares. Subscriber acknowledges that it has reviewed the documents made available
to the Subscriber by the Company. Subscriber represents and agrees that Subscriber and Subscriber’s professional advisor(s),
if any, have had the full opportunity to ask such questions, receive such answers and obtain such information as Subscriber and
such Subscriber’s professional advisor(s), if any, have deemed necessary to make an investment decision with respect to the
Shares. Subscriber acknowledges that Goldman Sachs & Co. LLC (the “Placement Agent”) and its respective
directors, officers, employees, representatives and controlling persons have made no independent investigation with respect to
the Issuer, the Company or the Shares or the accuracy, completeness or adequacy of any information supplied to the Subscriber by
the Issuer or the Company. Subscriber acknowledges that (i) it has not relied on any statements or other information provided by
the Placement Agent or any of the Placement Agent’s affiliates with respect to its decision to invest in the Shares, including
information related to the Issuer, the Company, the Shares and the offer and sale of the Shares, and (ii) neither the Placement
Agent nor any of its affiliates have prepared any disclosure or offering document in connection with the offer and sale of the
Shares. Subscriber further acknowledges that the information provided to Subscriber is preliminary and subject to change, and that
any changes to such information, including, without limitation, any changes based on updated information or changes in terms of
the Transaction, shall in no way affect the Subscriber’s obligation to purchase the Shares hereunder.

 

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2.1.9 Subscriber
became aware of this offering of the Shares solely by means of direct contact from either the Placement Agent or the Issuer as
a result of a pre-existing substantive relationship (as interpreted in guidance from the Securities and Exchange Commission (the
“Commission”) under the Securities Act) with the Issuer or its representatives, and the Shares were offered
to Subscriber solely by direct contact between Subscriber and the Placement Agent or the Issuer. Subscriber did not become aware
of this offering of the Shares, nor were the Shares offered to Subscriber, by any other means. Subscriber acknowledges that the
Placement Agent has not acted as its financial advisor or fiduciary. Subscriber acknowledges that the Shares (i) were not offered
by any form of general solicitation or general advertising, including methods described in section 502(c) of Regulation D under
the Securities Act 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.

 

2.1.10 Subscriber
acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares. 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 Subscriber has sought such accounting, legal and tax advice as Subscriber has considered necessary to make an
informed investment decision. Subscriber understands and acknowledges that the purchase and sale of the Shares hereunder meets
(i) the exemptions from filing under FINRA Rule 5123(b)(1)(A) and (ii) the institutional customer exemption under FINRA Rule 2111(b).

 

2.1.11 Alone,
or together with any professional advisor(s), Subscriber represents and acknowledges that 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 Subscriber
and that Subscriber is able at this time and in the foreseeable future to bear the economic risk of a total loss of Subscriber’s
investment in the Issuer. Subscriber acknowledges specifically that a possibility of total loss exists.

 

2.1.12 Subscriber
understands 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.

 

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

 

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2.1.14 If
Subscriber is an employee benefit plan that is subject to Title I of ERISA, a plan, an individual retirement account or other arrangement
that is subject to section 4975 of the Code or 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 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”),
or an entity whose underlying assets are considered to include “plan assets” of any such plan, account or arrangement
(each, a “Plan”) subject to the fiduciary or prohibited transaction provisions of ERISA or section 4975 of the
Code, Subscriber represents and warrants that neither Issuer, nor any of its respective affiliates (the “Transaction Parties”)
has 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 shall at any time be relied upon as the Plan’s fiduciary with respect to any
decision to acquire, continue to hold or transfer the Shares.

 

2.1.15 Subscriber
is not currently (and at all times through Closing will refrain from being or becoming) a member of a “group” (within
the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or any successor provision), including any group acting for the purpose of acquiring, holding or disposing of
equity securities of the Issuer (within the meaning of Rule 13d-5(b)(1) under the Exchange Act).

 

2.1.16 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 the Issuer 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 the Issuer from and after the Closing as a result of the purchase and sale of Shares hereunder.

 

2.1.17 Subscriber
has, and on each date the Purchase Price would be required to be funded to the Issuer pursuant to Section 3.1 will have,
sufficient immediately available funds to pay the Purchase Price pursuant to Section 3.1.

 

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2.1.18 Subscriber
represents that no disqualifying event described in Rule 506(d)(1)(i)-(viii) under the Securities Act (a “Disqualification
Event”) is applicable to Subscriber or any of its Rule 506(d) Related Parties (as defined below), except, if applicable,
for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable. Subscriber hereby agrees that it
shall notify the Company promptly in writing in the event a Disqualification Event becomes applicable to Subscriber or any of its
Rule 506(d) Related Parties, except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3)
is applicable. For purposes of this Section 2.1.18, “Rule 506(d) Related Party” shall mean a person or
entity that is a beneficial owner of Subscriber’s securities for purposes of Rule 506(d) under the Securities Act.

 

2.1.19 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, the Company, any of its affiliates or any of its or their respective control
persons, officers, directors or employees), other than the representations and warranties of the Issuer expressly set forth in
this Subscription Agreement, in making its investment or decision to invest in the Issuer. Subscriber agrees that neither (i) any
other Subscriber pursuant to this Subscription Agreement or any other agreement related to the private placement of shares of the
Issuer’s share capital (including the controlling persons, officers, directors, partners, agents or employees of any such
Subscriber) nor (ii) the Company, its affiliates or any of their or their respective affiliates’ control persons, officers,
directors, partners, agents or employees, shall be liable to any other Subscriber pursuant to this Subscription Agreement or any
other agreement related to the private placement of shares of the Issuer’s share capital for any action heretofore or hereafter
taken or omitted to be taken by any of them in connection with the purchase of the Shares hereunder.

 

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

 

2.2.1 The
Issuer is a corporation duly organized, validly existing and in good standing under the laws of the State of Israel, 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.

 

2.2.2 The
Shares have been duly authorized and, when issued and delivered to Subscriber against full payment for the Shares in accordance
with the terms of this Subscription Agreement and registered with the Issuer’s transfer agent, the Shares will be validly
issued, fully paid and non-assessable and will not have been issued in violation of or subject to any preemptive or similar rights
created under the Issuer’s amended and restated articles of association or under the Laws of the State of Israel.

 

2.2.3 This
Subscription Agreement has been duly authorized, executed and delivered by the Issuer and is enforceable against it in accordance
with its terms, except as may be limited or otherwise affected by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium or other laws affecting generally the enforcement of creditors’ rights and subject to general principles of equity.

 

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2.2.4 The
execution, delivery and performance of this Subscription Agreement (including compliance by the Issuer with all of the provisions
hereof), issuance and sale of the Shares and the consummation of the certain other transactions contemplated herein will not (i)
conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result
in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Issuer pursuant to the
terms of any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which the Issuer
is a party or by which the Issuer is bound or to which any of the property or assets of the Issuer is subject, which would reasonably
be expected to have a material adverse effect on the legal authority of the Issuer to enter into and perform its obligations under
this Subscription Agreement (a “Issuer Material Adverse Effect”), (ii) result in any violation of the provisions
of the organizational documents of the Issuer or (iii) result in any violation of any statute or any judgment, order, rule or regulation
of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Issuer or any of its properties
that would reasonably be expected to have an Issuer Material Adverse Effect.

 

2.2.5 As
of the date of this Subscription Agreement, the authorized capital shares of the Issuer consists of (i) 204,870,390 ordinary shares
of no par value (“Existing Ordinary Shares”) and (iii) 95,129,610 preferred shares of no par value (“Preferred
Shares”). As of the date hereof: (i) 19,280,691 Existing Ordinary Shares are issued and outstanding and (ii) 80,038,346
Preferred Shares are issued and outstanding (consisting of (a) 23,255,810 series A convertible preferred shares of the Issuer,
no par value, (b) 18,116,580 series B convertible preferred shares of the Issuer, no par value, (c) 3,454,440 series B-1 convertible
preferred shares of the Issuer, no par value, (d) 32,137,295 series C convertible preferred shares of the Issuer, no par value
and (e) 3,074,221 series C-1 convertible preferred shares of the Issuer, no par value).

 

2.2.6 Assuming
the accuracy of Subscriber’s representations and warranties set forth in Section 2.1 of this Subscription Agreement,
no registration under the Securities Act is required for the offer and sale of the Shares by the Issuer to Subscriber.

 

2.2.7 The
Issuer has provided Subscriber an opportunity to ask questions regarding the Issuer and made available to Subscriber all the information
reasonably available to the Issuer that Subscriber has reasonably requested to make an investment decision with respect to the
Shares.

 

2.2.8 Neither
the Issuer, nor any person acting on its behalf has, directly or indirectly, made any offers or sales of any Issuer security or
solicited any offers to buy any security under circumstances that would adversely affect reliance by the Issuer on Section 4(a)(2)
of the Securities Act for the exemption from registration for the transactions contemplated hereby or would require registration
of the issuance of the Shares under the Securities Act.

 

2.2.9
No Disqualification Event is applicable to the Issuer or, to the Issuer's knowledge, any Issuer Covered Person (as defined below),
except for a Disqualification Event as to which Rule 506(d)(2)(ii)-(iv) or (d)(3) under the Securities Act is applicable. The Issuer
has complied, to the extent applicable, with any disclosure obligations under Rule 506(e) under the Securities Act. “Issuer
Covered Person” means, with respect to the Issuer as an “issuer” for purposes of Rule 506 under the Securities
Act, any person listed in the first paragraph of Rule 506(d)(1) under the Securities Act.

 

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3. Settlement
Date and Delivery.

 

3.1 Closing.
The closing of the Subscription contemplated hereby (the “Closing”) shall occur on the date of (the “Closing
Date”), and immediately following, the consummation of the Transactions. Upon written notice from (or on behalf of) the
Issuer to Subscriber (the “Closing Notice”) at least five (5) Business Days prior to the date that the Issuer
reasonably expects all conditions to the closing of the Transactions to be satisfied, Subscriber shall deliver to the Issuer within
two (2) Business Days after receiving the Closing Notice, the Purchase Price for the Shares, by wire transfer of United States
dollars in immediately available funds to the account specified by the Issuer in the Closing Notice, such funds to be held by the
Issuer in escrow until the Closing. Unless otherwise agreed by the Company in writing, the Issuer shall deliver the Closing Notice
at least four (4) Business Days prior to the date of the Special Meeting. At the Closing, upon satisfaction (or, if applicable,
waiver) of the conditions set forth in this Section 3, the Issuer shall deliver to Subscriber the Shares in book entry form,
in the name of Subscriber (or its nominee in accordance with its delivery instructions) or to a custodian designated by Subscriber,
as applicable.

 

3.2 Conditions
to Closing of the Issuer. The Issuer’s obligations to sell and issue the Shares at the Closing are subject to the fulfillment
or (to the extent permitted by applicable law) written waiver, on or prior to the Closing Date, of each of the following conditions:

 

3.2.1 Representations
and Warranties Correct. The representations and warranties made by Subscriber in Section 2.1 hereof shall be true and
correct in all material respects when made (other than representations and warranties that are qualified as to materiality or Subscriber
Material Adverse Effect, which representations and warranties shall be true and correct in all respects) and shall be true and
correct in all material respects on and as of the Closing Date (unless they specifically speak as of another date in which case
they shall be true and correct in all material respects as of such date) (other than representations and warranties that are qualified
as to materiality or Subscriber Material Adverse Effect, which representations and warranties shall be true and correct in all
respects), with the same force and effect as if they had been made on and as of said date, but in each case without giving effect
to consummation of the Transactions.

 

3.2.2 Closing
of the Transactions. The Transactions set forth in the Business Combination Agreement shall have been or will be consummated
substantially concurrently with the Closing.

 

3.2.3 Legality.
There shall not be in force any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case, entered
by or with any governmental authority, statute, rule or regulation enjoining or prohibiting the consummation of the Subscription.

 

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3.3 Conditions
to Closing of Subscriber. Subscriber’s obligation to purchase the Shares at the Closing is subject to the fulfillment
or (to the extent permitted by applicable law) written waiver, on or prior to the Closing Date, of each of the following conditions:

 

3.3.1 Representations
and Warranties Correct. The representations and warranties made by the Issuer in Section 2.2 hereof shall be true and
correct in all material respects (other than representations and warranties that are qualified as to materiality or Issuer Material
Adverse Effect, which representations and warranties shall be true and correct in all respects) on and as of the Closing Date (unless
they specifically speak as of another date in which case they shall be true and correct in all material respects as of such date)
with the same force and effect as if they had been made on and as of said date, but in each case without giving effect to consummation
of the Transactions; provided, that in the event this condition would otherwise fail to be satisfied as a result of a breach
of one or more of the representations and warranties of the Issuer contained in this Subscription Agreement and the facts underlying
such breach would also cause a condition to the Issuer’s obligations under the Business Combination Agreement to fail to
be satisfied, this condition shall nevertheless be deemed satisfied in the event the Company waives such condition with respect
to such breach under the Business Combination Agreement.

 

3.3.2 Closing
of the Transactions. The Transactions set forth in the Business Combination Agreement shall have been or will be consummated
substantially concurrently with the Closing.

 

3.3.3 Legality.
There shall not be in force any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case, entered
by or with any governmental authority, statute, rule or regulation enjoining or prohibiting the consummation of the Subscription.

 

4. Registration
Statement.

 

4.1 The
Issuer agrees that, within forty-five (45) calendar days after the consummation of the Transactions (the “Filing Date”),
the Issuer will file with the Commission (at the Issuer’s sole cost and expense) a registration statement registering the
resale of the Shares (the “Registration Statement”), and the Issuer shall use its commercially reasonable efforts
to have the Registration Statement declared effective as soon as practicable after the filing thereof, but no later than the earlier
of (i) the 90th calendar day (or 135th calendar day if the Commission notifies the Issuer that it will “review” the
Registration Statement) following the Closing and (ii) the 10th Business Day after the date the Issuer is notified (orally or in
writing, whichever is earlier) by the Commission that the Registration Statement will not be “reviewed” or will not
be subject to further review (such earlier date, the “Effectiveness Date”); provided, however,
that the Issuer’s obligations to include the Shares in the Registration Statement are contingent upon Subscriber furnishing
in writing to the Issuer such information regarding Subscriber, the securities of the Issuer held by Subscriber and the intended
method of disposition of the Shares as shall be reasonably requested by the Issuer to effect the registration of the Shares, and
Subscriber shall execute such documents in connection with such registration as the Issuer may reasonably request that are customary
of a selling shareholder in similar situations, including providing that the Issuer shall be entitled to postpone and suspend the
effectiveness or use of the Registration Statement during any customary blackout or similar period or as permitted hereunder. For
purposes of clarification, any failure by the Issuer to file the Registration Statement by the Filing Date or to effect such Registration
Statement by the Effectiveness Date shall not otherwise relieve the Issuer of its obligations to file or effect the Registration
Statement as set forth above in this Section 4.

 

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

 

4.2.1 except
for such times as the Issuer is permitted hereunder to suspend the use of the prospectus forming part of a Registration Statement,
use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under state securities
laws which the Issuer determines to obtain, continuously effective with respect to Subscriber, and to keep the applicable Registration
Statement or any subsequent shelf registration statement free of any material misstatements or omissions, until the earlier of
the following: (i) Subscriber ceases to hold any Shares, (ii) the date all Shares held by Subscriber may be sold without restriction
under Rule 144, including without limitation, any volume and manner of sale restrictions which may be applicable to affiliates
under Rule 144 and without the requirement for the Issuer to be in compliance with the current public information required under
Rule 144(c)(1) (or Rule 144(i)(2), if applicable), and (iii) two years from the Effectiveness Date of the Registration Statement;

 

4.2.2 advise
Subscriber within five (5) Business Days:

 

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

 

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

 

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

 

(d) 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, the Issuer shall not, when so advising Subscriber of such events, provide Subscriber with any
material, nonpublic information regarding the Issuer other than to the extent that providing notice to Subscriber of the occurrence
of the events listed in (a) through (d) above constitutes material, nonpublic information regarding the Issuer;

 

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

 

    - 10 -

     

    

 

4.2.4 upon
the occurrence of any event contemplated in Section 4.2.2(d), except for such times as the Issuer is permitted hereunder
to suspend, and has suspended, the use of a prospectus forming part of a Registration Statement, the Issuer shall use its commercially
reasonable efforts to as soon as reasonably practicable prepare a post-effective amendment to such Registration Statement or a
supplement to the related prospectus, or file any other required document so that, as thereafter delivered to purchasers of the
Shares included therein, such prospectus will not include any untrue statement of a material fact or omit to state any material
fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;

 

4.2.5 use
its commercially reasonable efforts to cause all Shares to be listed on each securities exchange or market, if any, on which the
Issuer’s Ordinary Shares are then listed; and

 

4.3 Notwithstanding
anything to the contrary in this Subscription Agreement, the Issuer shall be entitled to delay or postpone the effectiveness of
the Registration Statement, and from time to time to require Subscriber not to sell under the Registration Statement or to suspend
the effectiveness thereof, if the negotiation or consummation of a transaction by the Issuer or its subsidiaries is pending or
an event has occurred, which negotiation, consummation or event the Issuer’s board of directors reasonably believes, upon
the advice of in-house legal counsel, would require additional disclosure by the Issuer in the Registration Statement of material
information that the Issuer 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 the Issuer’s board of directors, upon the advice of in-house
legal counsel, to cause the Registration Statement to fail to comply with applicable disclosure requirements (each such circumstance,
a “Suspension Event”); provided, however, that the Issuer may not delay or suspend the Registration
Statement on more than three occasions or for more than sixty (60) consecutive calendar days, or more than one hundred and twenty
(120) total calendar days, in each case during any twelve-month period. Upon receipt of any written notice from the Issuer 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, Subscriber agrees that (i) it will immediately discontinue offers and
sales of the Shares under the Registration Statement (excluding, for the avoidance of doubt, sales conducted pursuant to Rule 144)
until Subscriber receives copies of a supplemental or amended prospectus (which the Issuer agrees to promptly prepare) 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 the Issuer 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 the Issuer unless otherwise required by law or subpoena. If so
directed by the Issuer, Subscriber will deliver to the Issuer or, in Subscriber’s sole discretion destroy, all copies of
the prospectus covering the Shares in Subscriber’s possession; provided, however, that this obligation to deliver or destroy
all copies of the prospectus covering the Shares shall not apply (i) to the extent Subscriber is required to retain a copy of such
prospectus (a) in order to comply with applicable legal, regulatory, self-regulatory or professional requirements or (b) in accordance
with a bona fide pre-existing document retention policy or (ii) to copies stored electronically on archival servers as a result
of automatic data back-up.

 

    - 11 -

     

    

 

5. Termination.
This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of the
parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earlier to
occur of (i) such date and time as the Business Combination Agreement is validly terminated in accordance with its terms and (ii)
upon the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement; 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 such breach. The Issuer
shall promptly notify Subscriber of the termination of the Business Combination Agreement promptly after the termination of such
agreement.

 

6. Miscellaneous.

 

6.1 Further
Assurances. At the Closing, the parties hereto shall execute and deliver such additional documents and take such additional
actions as the parties reasonably may deem to be practical and necessary in order to consummate the Subscription as contemplated
by this Subscription Agreement.

 

6.1.1 Subscriber
acknowledges that the Issuer, the Company, the Placement Agent and others will rely on the acknowledgments, understandings, agreements,
representations and warranties contained in this Subscription Agreement. Prior to the Closing, Subscriber agrees to promptly notify
the Issuer and the Company if any of the acknowledgments, understandings, agreements, representations and warranties set forth
herein are no longer accurate in all material respects. Subscriber further acknowledges and agrees that the Placement Agent is
a third-party beneficiary of the representations and warranties of the Subscriber contained in Section 2.1.8 and Section
2.1.9 of this Subscription Agreement to the extent such representations and warranties relate to the Placement Agent.

 

6.1.2 Each
of the Issuer, Subscriber and the Company is entitled to rely upon this Subscription Agreement and is irrevocably authorized to
produce this Subscription Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official
inquiry with respect to the matters covered hereby.

 

6.1.3 The
Issuer may request from Subscriber such additional information as the Issuer may deem necessary to evaluate the eligibility of
Subscriber to acquire the Shares, and Subscriber shall provide such information as may be reasonably requested.

 

6.1.4 Subscriber
shall pay all of its own expenses in connection with this Subscription Agreement and the transactions contemplated herein.

 

6.1.5 Each
of Subscriber and the Issuer shall take, or cause to be taken, all actions and do, or cause to be done, all things necessary, proper
or advisable to consummate the transactions contemplated by this Subscription Agreement on the terms and conditions described therein
no later than immediately following the consummation of the Transactions.

 

    - 12 -

     

    

 

6.2 Notices.
Any notice or communication required or permitted hereunder shall be in writing and either delivered personally, emailed or sent
by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall be deemed
to be given and received (i) when so delivered personally, (ii) when sent, with no mail undeliverable or other rejection notice,
if sent by email, or (iii) three (3) Business Days after the date of mailing to the address below or to such other address or addresses
as such person may hereafter designate by notice given hereunder:

 

(i) if
to Subscriber, to such address or addresses set forth on the signature page hereto;

 

(ii) if
to the Issuer, to:

 

	 	Innoviz Technologies Ltd.
	 	2 Amal Street
	 	Afek Industrial Park
	 	Rosh Ha’Ayin, Israel
	 	Attention:	Eldar Cegla
	 	 	Dana Nutkevich
	 	Email:	eldarc@innoviz-tech.com
	 	 	danan@innoviz-tech.com                                               
	 	 	 
	 	with a copy (which shall not constitute notice) to:
	 	 	 
	 	Latham & Watkins LLP
	 	99 Bishopsgate
	 	London EC2M 3XF
	 	United Kingdom
	 	Attention:	Joshua Kiernan                           
	 	 	Ryan Maierson
	 	E-mail:	joshua.kiernan@lw.com
	 	 	ryan.maierson@lw.com
	 	 	 
	(iii) if to the Company, to: 
	 	 	 
	 	Innoviz Technologies Ltd.
	 	2 Amal St.
	 	Rosh HaAin
	 	4809202
	 	ISRAEL
	 	Attention:	Eldar Cegla, Chief Financial Officer
	 	Email:	eldarc@innoviz-tech.com              

 

    - 13 -

     

    

 

	 	with copies to (which shall not constitute notice) to:
	 	 
	 	Graubard Miller
	 	405 Lexington Avenue, 11th Floor
	 	New York, New York 10174
	 	Attention:	Jeffrey M. Gallant
	 	E-mail:	JGallant@graubard.com
	 	 	 
	 	Cassels Brock & Blackwell LLP
	 	40 King St W, Suite 2100
	 	Toronto, ON M5H 3C2, Canada
	 	Attention:	Jonathan Sherman
	 	E-mail:	jsherman@cassels.com

 

6.3 Entire
Agreement. This Subscription Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings,
representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof, including
any commitment letter entered into relating to the subject matter hereof.

 

6.4 Modifications
and Amendments. This Subscription Agreement may not be amended, modified, supplemented or waived (i) except by an instrument
in writing, signed by the party against whom enforcement of such amendment, modification, supplement or waiver is sought and (ii)
without the prior written consent of the Issuer and the Company.

 

6.5 Assignment.
Neither this Subscription Agreement nor any rights, interests or obligations that may accrue to the parties hereunder (including
Subscriber’s rights to purchase the Shares) may be transferred or assigned without the prior written consent of each of the
other parties hereto (other than the Shares acquired hereunder, if any, and then only in accordance with this Subscription Agreement).

 

6.6 Benefit.

 

6.6.1 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. This Subscription Agreement shall not confer rights or
remedies upon any person other than the parties hereto and their respective successors and assigns. Notwithstanding the foregoing,
the Company is an express third-party beneficiary of Section 6.4.

 

6.6.2 Each
of the Issuer and Subscriber acknowledges and agrees that (a) this Subscription Agreement is being entered into in order to induce
the Company to execute and deliver the Business Combination Agreement and without the representations, warranties, covenants and
agreements of the Issuer and Subscriber hereunder, the Company would not enter into the Business Combination Agreement, (b) each
representation, warranty, covenant and agreement of the Issuer and Subscriber hereunder is being made also for the benefit of the
Company, and (c) the Company may directly enforce (including by an action for specific performance, injunctive relief or other
equitable relief, including to cause the Purchase Price to be paid and the Closing to occur) each of the covenants and agreements
of each of the Issuer and Subscriber under this Subscription Agreement.

 

    - 14 -

     

    

 

6.7 Governing
Law. 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 giving effect to the principles of conflicts of law thereof.

 

6.8 Consent
to Jurisdiction; Waiver of Jury Trial. Each of the parties irrevocably consents to the exclusive jurisdiction and venue of
the Court of Chancery of the State of Delaware, provided, that if subject matter jurisdiction over the matter that is the subject
of the legal proceeding is vested exclusively in the U.S. federal courts, such legal proceeding shall be heard in the U.S. District
Court for the District of Delaware (together with the Court of Chancery of the State of Delaware “Chosen Courts”),
in connection with any matter based upon or arising out of this Subscription Agreement. Each party hereby waives, and shall not
assert as a defense in any legal dispute, that (i) such person is not personally subject to the jurisdiction of the Chosen Courts
for any reason, (ii) such legal proceeding may not be brought or is not maintainable in the Chosen Courts, (iii) such person’s
property is exempt or immune from execution, (iv) such legal proceeding is brought in an inconvenient forum or (v) the venue of
such legal proceeding is improper. Each Party hereby consents to service of process in any such proceeding in any manner permitted
by Delaware law, further consents to service of process by nationally recognized overnight courier service guaranteeing overnight
delivery, or by registered or certified mail, return receipt requested, at its address specified pursuant to Section 6.2
and waives and covenants not to assert or plead any objection which they might otherwise have to such manner of service of process.
Notwithstanding the foregoing in this Section 6.8, a party may commence any action, claim, cause of action or suit in a
court other than the Chosen Courts solely for the purpose of enforcing an order or judgment issued by the Chosen Courts. TO THE
EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES WAIVES ANY RIGHT TO TRIAL BY JURY ON ANY CLAIMS
OR COUNTERCLAIMS ASSERTED IN ANY LEGAL DISPUTE RELATING TO THIS SUBSCRIPTION AGREEMENT WHETHER NOW EXISTING OR HEREAFTER ARISING.
IF THE SUBJECT MATTER OF ANY SUCH LEGAL DISPUTE IS ONE IN WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY SHALL ASSERT IN
SUCH LEGAL DISPUTE A NONCOMPULSORY COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT. FURTHERMORE, NO PARTY
SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH A SEPARATE ACTION OR OTHER LEGAL PROCEEDING IN WHICH A JURY TRIAL CANNOT
BE WAIVED.

 

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

 

    - 15 -

     

    

 

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

 

6.11 Remedies.

 

6.11.1 The
parties agree that the Issuer and the Company would suffer irreparable damage if this Subscription Agreement was not performed
or the Closing is not consummated in accordance with its specific terms or was otherwise breached and that money damages or other
legal remedies would not be an adequate remedy for any such damage. It is accordingly agreed that the Issuer and the Company shall
be entitled to equitable relief, including in the form of an injunction or injunctions, to prevent breaches or threatened breaches
of this Subscription Agreement and to enforce specifically the terms and provisions of this Subscription Agreement in an appropriate
court of competent jurisdiction as set forth in Section 6.8, this being in addition to any other remedy to which any party
is entitled at law or in equity, including money damages.  The right to specific enforcement shall include the right of the
Issuer or the Company to cause Subscriber and the right of the Company to cause the Issuer to cause the transactions contemplated
hereby to be consummated on the terms and subject to the conditions and limitations set forth in this Subscription Agreement. The
parties hereto further agree (i) to waive any requirement for the security or posting of any bond in connection with any such equitable
remedy, (ii) not to assert that a remedy of specific enforcement pursuant to this Section 6.11 is unenforceable, invalid,
contrary to applicable law or inequitable for any reason and (iii) to waive any defenses in any action for specific performance,
including the defense that a remedy at law would be adequate.  In connection with any Action for which the Company is being
granted an award of money damages, each of the Issuer and Subscriber agrees that such damages, to the extent payable by such party,
shall include, without limitation, damages related to the consideration that is or was to be paid to the Company or its equityholders
under the Business Combination Agreement and/or Subscription Agreement and such damages are not limited to an award of out-of-pocket
fees and expenses related to the Business Combination Agreement and Subscription Agreement.

 

6.11.2 The
parties acknowledge and agree that this Section 6.11 is an integral part of the transactions contemplated hereby and without
that right, the parties hereto would not have entered into this Subscription Agreement.

 

6.11.3 In
any dispute arising out of or related to this Subscription Agreement, or any other agreement, document, instrument or certificate
contemplated hereby, or any transactions contemplated hereby or thereby, the applicable adjudicating body shall award to the prevailing
party, if any, the costs and attorneys’ fees reasonably incurred by the prevailing party in connection with the dispute and
the enforcement of its rights under this Subscription Agreement or any other agreement, document, instrument or certificate contemplated
hereby and, if the adjudicating body determines a party to be the prevailing party under circumstances where the prevailing party
won on some but not all of the claims and counterclaims, the adjudicating body may award the prevailing party an appropriate percentage
of the costs and attorneys’ fees reasonably incurred by the prevailing party in connection with the adjudication and the
enforcement of its rights under this Subscription Agreement or any other agreement, document, instrument or certificate contemplated
hereby or thereby.

 

    - 16 -

     

    

 

6.12 Survival
of Representations and Warranties. All representations and warranties made by the Subscriber shall survive the Closing. For
the avoidance of doubt, if for any reason the Closing does not occur immediately following the consummation of the Transactions,
all representations, warranties, covenants and agreements of the parties hereunder shall survive the consummation of the Transactions
and remain in full force and effect.

 

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

 

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

 

6.15 Counterparts.
This Subscription Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one
and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other parties,
it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile
transmission or any other form of electronic delivery, such signature shall create a valid and binding obligation of the party
executing (or on whose behalf such signature is executed) with the same force and effect as if such signature page were an original
thereof.

 

6.16 Construction.
The words “include,” “includes,” and “including” will be deemed to be
followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include
any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise
requires. The words “this Subscription Agreement,” “herein,” “hereof,”
“hereby,” “hereunder,” and words of similar import refer to this Subscription Agreement as
a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation,
warranty, and covenant contained herein will have independent significance. If any party hereto has breached any representation,
warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant
relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached
will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.
All references in this Subscription Agreement to numbers of shares, per share amounts and purchase prices shall be appropriately
adjusted to reflect any stock split, stock dividend, stock combination, recapitalization or the like occurring after the date hereof.

 

    - 17 -

     

    

 

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

 

7. Consent
to Disclosure. Subscriber hereby consents to the publication and disclosure in any press release issued by the Issuer or the
Company or Form 8-K filed by the Issuer or the Company with the SEC in connection with the execution and delivery of the Business
Combination Agreement and the Proxy Statement (and, as and to the extent otherwise required by the federal securities laws or the
SEC or any other securities authorities, any other documents or communications provided by the Issuer or the Company to any Governmental
Authority or to securityholders of the Issuer or the Company) of Subscriber’s identity and beneficial ownership of Covered
Shares and the nature of Subscriber’s commitments, arrangements and understandings under and relating to this Subscription
Agreement and, if deemed appropriate by the Issuer or the Company, a copy of this Subscription Agreement. Subscriber will promptly
provide any information reasonably requested by the Issuer or the Company for any regulatory application or filing made or approval
sought in connection with the Transactions (including filings with the SEC).

 

8. Trust
Account Waiver. Notwithstanding anything to the contrary set forth herein, Subscriber acknowledges that it has read the Investment
Management Trust Agreement, dated as of April 30, 2020, by and between the Company and Continental Stock Transfer & Trust Company,
a New York corporation, and understands that the Company has established the trust account described therein (the “Trust
Account”) for the benefit of the Company’s public stockholders and that disbursements from the Trust Account are
available only in the limited circumstances set forth therein. Subscriber further acknowledges and agrees that the Company’s
sole assets consist of the cash proceeds of the Company’s initial public offering and private placements of its securities,
and that substantially all of these proceeds have been deposited in the Trust Account for the benefit of its public stockholders.
Accordingly, Subscriber (on behalf of itself and its affiliates) hereby waives any past, present or future claim of any kind against,
and any right to access, the Trust Account, any trustee of the Trust Account and the Company to collect from the Trust Account
any monies that may be owed to them by the Company or any of its affiliates for any reason whatsoever, and will not seek recourse
against the Trust Account at any time for any reason whatsoever, including, without limitation, for any knowing and intentional
material breach by any of the parties to this Subscription Agreement of any of its representations or warranties as set forth in
this Subscription Agreement, or such party’s material breach of any of its covenants or other agreements set forth in this
Subscription Agreement, which material breach constitutes, or is a consequence of, a purposeful act or failure to act by such party
with the knowledge that the taking of such act or failure to take such act would cause a material breach of this Subscription Agreement.
This Section 8 shall survive the termination of this Subscription Agreement for any reason.

 

    - 18 -

     

    

 

9. [Waiver
of Sovereign Immunity. With respect to the liability of Subscriber to perform its obligations under this Subscription Agreement,
with respect to itself or its property, Subscriber:

 

9.1 agrees
that, for purposes of the doctrine of sovereign immunity, the execution, delivery and performance by it of this Subscription Agreement
constitutes private and commercial acts done for private and commercial purposes;

 

9.2 agrees
that, should any proceedings be brought against it or its assets in any jurisdiction in relation to this Subscription Agreement
or any transaction contemplated by this Subscription Agreement in accordance with the terms hereof, Subscriber is not entitled
to any immunity on the basis of sovereignty in respect of its obligations under this Subscription Agreement, and no immunity from
such proceedings (including, without limitation, immunity from service of process from suit, from the jurisdiction of any court,
from an order or injunction of such court or the enforcement of same against its assets) shall be claimed by or on behalf of such
party or with respect to its assets;

 

9.3 waives,
in any such proceedings, to the fullest extent permitted by law, any right of immunity which it or any of its assets now has or
may acquire in the future in any jurisdiction;

 

9.4 subject
to the terms and conditions hereof, consents generally in respect of the enforcement of any judgment or award against it in any
such proceedings to the giving of any relief or the issue of any process in any jurisdiction in connection with such proceedings
(including, without limitation, pre-judgment attachment, post judgment attachment, the making, enforcement or execution against
or in respect of any assets whatsoever irrespective of their use or intended use of any order or judgment that may be made or given
in connection therewith); and

 

9.5 specifies
that, for the purposes of this provision, “assets” shall be taken as excluding “premises of the mission”
as defined in the Vienna Convention on Diplomatic Relations signed at Vienna, April 18, 1961, “consular premises” as
defined in the Vienna Convention on Consular Relations signed in 1963, and military property or military assets or property of
the Investor.]1

 

[Signature Page Follows]

 

 

		1	Note to Draft: To be included for all sovereign wealth or similar investors.

 

 

    - 19 -

     

    

 

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

 

	 	ISSUER:
	 	 
	 	innoviz Technologies ltd.
	 	 	 
	 	By:	 
	 	 	Name:  
	 	 	Title:

  

    - 20 -

     

    

 

	Accepted and agreed this       day of December, 2020.	 	 	 
	 	 	 	 
	SUBSCRIBER:	 	 	 
	 	 	 	 
	Signature of Subscriber:	 	Signature of Joint Subscriber, if applicable:
	 	 	 	 	 
	By:	                                                   	 	By:	                                                                    
	Name: 	 	 	Name: 	 
	Title:	 	 	Title: 	 
	 	 	 	 	 
	Date:  December        , 2020	 	 	 
	 	 	 
	Name of Subscriber:	 	Name of Joint Subscriber, if applicable:
	 	 	 
	 	 	 
	(Please print.  Please indicate name and capacity of person signing above)	 	(Please Print.  Please indicate name and capacity of person signing above)
	 	 	 
	 	 	 
	Name in which securities are to be registered (if different from the name of Subscriber listed directly above): __________________	 	 
	Email Address: _______________________	 	 
	If there are joint investors, please check one:	 	 
	☐  Joint Tenants with Rights of Survivorship	 	 
	☐  Tenants-in-Common	 	 
	☐  Community Property	 	 
	Subscriber’s EIN: __________________________	 	Joint 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.: 	 
	 	 	 	 	 
	Aggregate Number of Shares subscribed for:	 	 	 
	 	 	 	 
	__________________________	 	 	 

 

 

Aggregate Purchase Price: $______________

 

You must pay the Purchase Price by wire
transfer of U.S. dollars in immediately available funds, to be held in escrow until the Closing, to the account specified by the
Issuer in the Closing Notice. The aggregate Purchase Price assumes that the Issuer has effected a reverse stock split prior to
the Effective Time in order to cause the Company Share Value to equal $10.00.

 

     

     

    

 

SCHEDULE I

ELIGIBILITY REPRESENTATIONS OF SUBSCRIBER

 

		A.	QUALIFIED INSTITUTIONAL BUYER STATUS

(Please check the applicable subparagraphs):

 

		1.	☐	We are a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended
(the “Securities Act”)) (a “QIB”) and have marked and initialed the appropriate box
on the following pages indicating the provision under which we qualify as a QIB.

 

		2.	☐	We are subscribing for the Shares as a fiduciary or agent for one or more investor accounts, and each owner of such account
is a QIB.

 

*** OR ***

 

		B.	INSTITUTIONAL ACCREDITED INVESTOR STATUS (Please check the applicable subparagraphs):

 

		1.	☐	We are an “accredited investor” (within the meaning of Rule 501(a) under the Securities Act) and have marked and initialed
the appropriate box on the following pages indicating the provision under which we qualify as an “accredited investor.”

 

		2.	☐	We are not a natural person.

 

*** AND ***

 

		C.	AFFILIATE STATUS (Please check the applicable box)

SUBSCRIBER:

 

		☐	is:

 

		☐	is not:

 

an “affiliate” (as
defined in Rule 144 under the Securities Act) of the Issuer or acting on behalf of an affiliate of the Issuer.

 

This page should be completed by Subscriber

and constitutes a part of the Subscription Agreement.

 

     

     

    

 

The Subscriber is a “qualified institutional
buyer” (within the meaning of Rule 144A under the Securities Act) if it is an entity that meets any one of the following
categories at the time of the sale of securities to the Subscriber (Please check the applicable subparagraphs):

 

☐ The
Subscriber is an entity that, acting for its own account or the accounts of other qualified institutional buyers, in the aggregate
owns and invests on a discretionary basis at least $100 million in securities of issuers that are not affiliated with the Subscriber
and:

 

☐  is
an insurance company as defined in section 2(a)(13) of the Securities Act;

 

☐  is
an investment company registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”),
or any business development company as defined in section 2(a)(48) of the Investment Company Act;

 

☐  is
a Small Business Investment Company licensed by the US Small Business Administration under section 301(c) or (d) of the Small Business
Investment Act of 1958, as amended (“Small Business Investment Act”);

 

☐  is
a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political
subdivisions, for the benefit of its employees;

 

☐  is
an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”);

 

☐  is
a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained
by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit
of its employees, of (b) employee benefit plan within the meaning of Title I of the ERISA, except, in each case, trust funds that
include as participants individual retirement accounts or H.R. 10 plans;

 

☐  is
a business development company as defined in section 202(a)(22) of the Investment Advisers Act of 1940, as amended (the “Investment
Advisers Act”);

 

☐  is
an organization described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue
Code”), corporation (other than a bank as defined in section 3(a)(2) of the Act, a savings and loan association or other
institution referenced in section 3(a)(5)(A) of the Act, or a foreign bank or savings and loan association or equivalent institution),
partnership, or Massachusetts or similar business trust; or

 

☐  is
an investment adviser registered under the Investment Advisers Act;

 

☐  The
Subscriber is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), acting for its own account or the accounts of other qualified institutional buyers, that in the aggregate owns
and invests on a discretionary basis at least $10 million of securities of issuers that are not affiliated with the Subscriber;

 

☐  The
Subscriber is a dealer registered pursuant to Section 15 of the Exchange Act acting in a riskless principal transaction on behalf
of a qualified institutional buyer;

 

☐  The
Subscriber is an investment company registered under the Investment Company Act, acting for its own account or for the accounts
of other qualified institutional buyers, that is part of a family of investment companies2
which own in the aggregate at least $100 million in securities of issuers, other than issuers that are affiliated with Subscriber
or are part of such family of investment companies;

 

☐  The
Subscriber is an entity, all of the equity owners of which are qualified institutional buyers, acting for its own account or the
accounts of other qualified institutional buyers; or

 

☐  The
Subscriber is a as defined in section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as
defined in section 3(a)(5)(A) of the Securities Act, or any foreign bank or savings and loan association or equivalent institution,
acting for its own account or the accounts of other qualified institutional buyers, that in the aggregate owns and invests on a
discretionary basis at least $100 million in securities of issuers that are not affiliated with the Subscriber and that has an
audited net worth of at least $25 million as demonstrated in its latest annual financial statements, as of a date not more than
16 months preceding the date of sale of securities in the case of a US bank or savings and loan association, and not more than
18 months preceding the date of sale of securities for a foreign bank or savings and loan association or equivalent institution.

 

 

2
“Family of investment companies” means any two or more investment companies registered under the
Investment Company Act, except for a unit investment trust whose assets consist solely of shares of one or more registered investment
companies, that have the same investment adviser (or, in the case of unit investment trusts, the same depositor); provided that,
(a) each series of a series company (as defined in Rule 18f-2 under the Investment Company Act) shall be deemed to be a separate
investment company and (b) investment companies shall be deemed to have the same adviser (or depositor) if their advisers (or
depositors) are majority-owned subsidiaries of the same parent, or if one investment company’s adviser (or depositor) is
a majority-owned subsidiary of the other investment company’s adviser (or depositor)

  

     

     

    

 

Rule 501(a) under the Securities Act, in
relevant part, states that an “accredited investor” shall mean any person who comes within any of the below listed
categories, or who the issuer reasonably believes comes within any of the below listed categories, at the time of the sale of the
securities to that person. Subscriber has indicated, by marking and initialing the appropriate box(es) below, the provision(s)
below which apply to Subscriber and under which Subscriber accordingly qualifies as an “accredited investor.”

 

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

 

		☐	Any broker or dealer registered pursuant to section 15 of the Exchange Act;

 

		☐	Any insurance company as defined in section 2(a)(13) of the Securities Act;

 

		☐	Any investment company registered under the Investment
Company Act or a business development company as defined in section 2(a)(48) of the Investment Company Act;

 

		☐	Any Small Business Investment Company licensed by the U.S. Small Business Administration under
section 301(c) or (d) of the Small Business Investment Act;

 

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

 

		☐	Any employee benefit plan within the meaning of Title I of the ERISA, if (i) the investment decision
is made by a plan fiduciary, as defined in section 3(21) of ERISA, which is either a bank, a savings and loan association, an insurance
company, or a registered investment adviser, (ii) the employee benefit plan has total assets in excess of $5,000,000 or, (iii)
such plan is a self-directed plan, with investment decisions made solely by persons that are “accredited investors”;

 

		☐	Any private business development company as defined in section 202(a)(22) of the Investment Advisers
Act;

 

		☐	Any (i) corporation, limited liability company or partnership, (ii) Massachusetts or similar business
trust, or (iii) organization described in section 501(c)(3) of the Internal Revenue Code, in each case that was not formed for
the specific purpose of acquiring the securities offered and that has total assets in excess of $5,000,000;

 

		☐	Any director, executive officer, or general partner of the issuer of the securities being offered
or sold, or any director, executive officer, or general partner of a general partner of that issuer;

 

		☐	Any natural person whose individual net worth, or joint net worth with that person’s spouse,
exceeds $1,000,000. For purposes of calculating a natural person’s net worth: (a) the person’s primary residence
shall not be included as an asset; (b) indebtedness that is secured by the person’s primary residence, up to the estimated
fair market value of the primary residence at the time of the sale of securities, shall not be included as a liability (except
that if the amount of such indebtedness outstanding at the time of sale of securities exceeds the amount outstanding 60 days before
such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a
liability); and (c) indebtedness that is secured by the person’s primary residence in excess of the estimated fair market
value of the primary residence at the time of the sale of securities shall be included as a liability;

 

		☐	Any natural person who had an individual income in excess of $200,000 in each of the two most recent
years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation
of reaching the same income level in the current year;

 

		☐	Any trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring
the securities offered, whose purchase is directed by a sophisticated person as described in Section 230.506(b)(2)(ii) of Regulation
D under the Securities Act; or

 

		☐	Any entity in which all of the equity owners are “accredited investors.”Exhibit 10.2

 

CONFIDENTIALITY AND LOCKUP AGREEMENT

 

This Confidentiality
and Lockup Agreement is dated as of December 10, 2020 and is between Innoviz Technologies Ltd., a company organized under the laws
of the State of Israel (the “Company”), and each of the shareholder parties identified on Exhibit A
hereto and the other persons who enter into a joinder to this Agreement substantially in the form of Exhibit B hereto
with the Company in order to become a “Shareholder Party” for purposes of this Agreement (collectively, the “Shareholder
Parties”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Business
Combination Agreement (as defined below).

 

BACKGROUND:

 

WHEREAS, the
Shareholder Parties own or will own equity interests in Collective Growth Corporation, a Delaware corporation (“SPAC”),
and/or the Company;

 

WHEREAS, pursuant
to that certain Business Combination Agreement, dated as of December 10, 2020 (as it may be amended, supplemented, restated or
otherwise modified from time to time, the “Business Combination Agreement”), by and among the Company,
SPAC and Hatzata Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of the Company (“Merger
Sub”), Merger Sub will merge with and into SPAC, with SPAC continuing as the surviving entity and a wholly-owned
subsidiary of the Company (the “Merger”); and

 

WHEREAS, in
connection with the Merger and effective upon the consummation thereof, the parties hereto wish to set forth herein certain understandings
between such parties with respect to confidentiality and restrictions on transfer of equity interests in the Company.

 

NOW, THEREFORE,
the parties agree as follows:

 

ARTICLE I

INTRODUCTORY MATTERS

 

1.1 Defined
Terms. In addition to the terms defined elsewhere herein, the following terms have the following meanings when used herein
with initial capital letters:

 

“Agreement”
means this Confidentiality and Lockup Agreement, as the same may be amended, supplemented, restated or otherwise modified from
time to time in accordance with the terms hereof.

 

“Antara”
means Antara Capital LP, a Delaware limited partnership.

 

“Company”
has the meaning set forth in the Preamble.

 

“Company
Ordinary Shares” means ordinary shares of no par value of the Company.

 

     

     

    

 

“Confidential
Information” means any information concerning the Company or its Subsidiaries that is furnished after the date of
this Agreement by or on behalf of the Company or its designated representatives to a Shareholder Party or its designated representatives,
together with any notes, analyses, reports, models, compilations, studies, documents, records or extracts thereof containing, based
upon or derived from such information, in whole or in part; provided, however, that Confidential Information does
not include information:

 

(i) that
is generally known to the public at the time of disclosure or becomes generally known without violation of this Agreement by the
receiving Shareholder Party or its designated representatives;

 

(ii) that
is in the Shareholder Party’s possession or the possession of the Shareholder Party’s representatives at the time of
disclosure otherwise than as a result of Shareholder Party’s or its designated representatives’ breach of any legal
or fiduciary obligation of confidentiality owed to the Company or its affiliates;

 

(iii) that
becomes known to the receiving Shareholder Party or its designated representatives through disclosure by sources, other than the
Company, provided that such sources are not known by the receiving Shareholder Party to be bound by a confidentiality agreement
with, or other contractual, legal, or fiduciary obligation of confidentiality to, the Company or its affiliates with respect to
such information;

 

(iv) that
is independently developed by the receiving Shareholder Party or its designated representatives without use of or reference to
the Confidential Information, as is clearly provable by competent evidence in their possession; or

 

(v) that
the receiving Shareholder Party or its designated representatives is required, in the good faith determination of such receiving
Shareholder Party or designated representative, to disclose by applicable Law, regulation or legal process, provided that such
receiving Shareholder Party or designated representative takes reasonable steps to minimize the extent of any such required disclosure,
discloses only that portion of the Confidential Information that such Shareholder Party’s legal counsel advises is legally
required to be disclosed, and, if permissible, provides the Company with the opportunity to seek a protective order or other appropriate
remedy to prevent such disclosure, provided further that no such steps to minimize disclosure shall be required where disclosure
is made in connection with a routine audit or examination by a bank examiner or auditor and such audit or examination does not
specifically reference the Company or this Agreement.

 

“covered
shares” has the meaning set forth in Section 3.1.

 

“designated
representatives” means, with respect to a Shareholder Party, (a) its and its Affiliates’ directors, managers,
officers, attorneys, accountants, consultants, insurers, financing sources and other advisors in connection with such Shareholder
Party’s investment in the Company and (b) any of such Shareholder Party’s or their respective Affiliates’ partners,
members, shareholders, directors, managers, officers, other fiduciaries, employees or agents in the ordinary course of business,
so long as such Person has agreed to maintain the confidentiality of the information relating to the Company provided to it.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder,
as the same may be amended from time to time.

 

    2

     

    

 

“immediate
family” has the meaning set forth in Section 3.1(b).

 

“Lock-Up
Period” has the meaning set forth in Section 3.1(a).

 

“Magna”
means Magna International Inc.

 

“Non-Recourse
Party” means any past, present or future director, officer, employee, incorporator, member, partner, stockholder,
Affiliate, agent, attorney, advisor or representative or Affiliate of any named party to this Agreement and any past, present or
future director, officer, employee, incorporator, member, partner, stockholder, Affiliate, agent, attorney, advisor or representative
or Affiliate of any of the foregoing.

 

“Perception”
means Perception Capital Corp., a Delaware corporation.

 

“Permitted
Transferees” means with respect to a Shareholder Party, a transferee of shares that agrees to become party to, and
to be bound to the same extent as its Transferor by the terms of, this Agreement.

 

“Put Option
Agreement” means that certain Put Option Agreement, dated as of December 10, 2020. between the Company and Antara.

 

“shares”
means Company Ordinary Shares received by the Sponsors, Perception, Antara, and members of management of the Company pursuant to
the Business Combination Agreement and the Company Ordinary Shares held by the other Shareholder Parties immediately following
the Merger.

 

“Sponsors”
means Shipwright SPAC I, LLC, a Delaware limited liability company, The Linton Family Trust, GWW LLC, a Delaware imited
liability company, Tim Saunders, Jonathan Sherman, 2702933 Ontario Inc., an Ontario corporation, 2702932 Ontario Inc., an
Ontario corporation, and Wilson Kello.

 

“Shareholder
Parties” has the meaning set forth in the Preamble.

 

1.2 Construction.
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and
no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) ”or”
is disjunctive but not exclusive, (b) words in the singular include the plural, and in the plural include the singular, and
(c) the words “hereof”, “herein”, and “hereunder” and words of similar import when used
in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section references
are to sections of this Agreement unless otherwise specified.

 

    3

     

    

 

ARTICLE II

CONFIDENTIALITY

 

2.1 Confidentiality.
Each Shareholder Party agrees that it will, and will direct its designated representatives to, keep confidential and not disclose
any Confidential Information; provided, however, that the Sponsors may disclose Confidential Information (a) to
their respective designated representatives and (b) as the Company may otherwise consent in writing; provided, further,
however, that each Shareholder Party agrees to be responsible for any breaches of this Article II by such Shareholder
Party’s designated representatives and agrees, at its sole expense, to take commercially reasonable measures (including,
but not limited to, court proceedings) to restrain its designated representatives from prohibited or unauthorized disclosure of
the Confidential Information.

 

ARTICLE III

LOCKUP

 

3.1 Lockup.
(a) During the period beginning on the effective time of the Merger and continuing to and including the date that is 180 days after
the Closing (in each case, the “Lock-Up Period”), each Shareholder Party agrees not to, directly or indirectly,
offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any shares, or
any options or warrants to purchase any shares, or any securities convertible into, exchangeable for or that represent the right
to receive shares, or any interest in any of the foregoing, whether now owned or hereinafter acquired, owned directly by the undersigned
(including holding as a custodian) or with respect to which the undersigned has beneficial ownership within the rules and regulations
of the U.S. Securities and Exchange Commission (collectively, the “covered shares”). The foregoing restriction
is expressly agreed to preclude such Shareholder Parties from engaging in any hedging or other transaction which is designed to
or which reasonably could be expected to lead to or result in a sale or disposition of the covered shares even if such covered
shares would be disposed of by someone other than such Shareholder Parties. Such prohibited hedging or other transactions would
include, without limitation, any short sale or any purchase, sale or grant of any right (including, without limitation, any put
or call option) with respect to any of the covered shares or with respect to any security that includes, relates to, or derives
any significant part of its value from such covered shares.

 

(b) Notwithstanding
the foregoing, a Shareholder Party may transfer or dispose of its shares following the Closing (i) by will or intestacy, (ii) as
a bona fide gift or gifts, including to charitable organizations, (iii) to any trust, partnership, limited liability company
or other entity for the direct or indirect benefit of the undersigned or the immediate family of the undersigned (for purposes
of this Section 3.1, “immediate family” shall mean any relationship by blood, current or
former marriage or adoption, not more remote than first cousin), (iv) to any immediate family member or other dependent, (v) as
a distribution to limited partners, members or shareholders of such Shareholder Party, (vi) to its Affiliated investment fund.
other Affiliated entity controlled by, any account managed by, or designee of, such Shareholder Party or its or their Affiliates,
(vii) to a nominee or custodian of a Person to whom a disposition or transfer would be permissible under clauses (i) through
(vi) above, (viii) pursuant to an order or decree of a Governmental Entity, (ix) to the Company or its Subsidiary or
parent entities upon death, disability or termination of employment, in each case, of such holder, (x) pursuant to a bona
fide tender offer, merger, consolidation or other similar transaction in each case made to all holders of the shares involving
a Change of Control (as defined below) (including negotiating and entering into an agreement providing for any such transaction),
provided that in the event that such tender offer, merger, consolidation or other such transaction is not completed, such Shareholder
Party’s shares shall remain subject to the provisions of this Section 3.1, (xi) to the Company (1) pursuant
to the exercise, in each case on a “cashless” or “net exercise” basis, of any option to purchase shares
granted by the Company pursuant to any employee benefit plans or arrangements which are set to expire during the Lock-Up Period,
where any shares received by the undersigned upon any such exercise will be subject to the terms of this Section 3.1,
or (2) for the purpose of satisfying any withholding taxes (including estimated taxes) due as a result of the exercise of
any option to purchase shares or the vesting of any restricted stock awards granted by the Company pursuant to employee benefit
plans or arrangements which are set to expire or automatically vest during the Lock-Up Period, in each case on a “cashless”
or “net exercise” basis, where any shares received by such Shareholder Party upon any such exercise or vesting will
be subject to the terms of this Section 3.1, or (xii) in any transaction relating to Ordinary Shares acquired by the
undersigned in open market transactions; or (xiii) with the prior written consent of the Company; provided that:

 

(1) in
the case of each transfer or distribution pursuant to clauses (ii) through (vii) above, (a) each donee, trustee, distributee
or transferee, as the case may be, agrees to be bound in writing by the restrictions set forth in this Section 3.1;
and (b) any such transfer or distribution shall not involve a disposition for value, other than with respect to any such transfer
or distribution for which the transferor or distributor receives (x) equity interests of such transferee or (y) such
transferee’s interests in the transferor;

 

    4

     

    

 

(2) in
the case of each transfer or distribution pursuant to clauses (ii) through (vii) above, if any public reports or filings (including
filings under Section 16(a) of the Exchange Act) reporting a reduction in beneficial ownership of shares shall be required
or shall be voluntarily made during the Lock-Up Period (x) such Shareholder Party shall provide the Company prior written
notice informing them of such report or filing and (y) such report or filing shall disclose that such donee, trustee, distributee
or transferee, as the case may be, agrees to be bound in writing by the restrictions set forth herein; and

 

(3) for
purposes of clause (x) above, “Change of Control” shall mean the transfer to or acquisition by (whether
by tender offer, merger, consolidation, division or other similar transaction), in one transaction or a series of related transactions,
a Person or group of Affiliated Persons (other than an underwriter pursuant to an offering), of the Company’s voting securities
if, after such transfer or acquisition, such Person or group of Affiliated Persons would Beneficially Own more than 50% of the
outstanding voting securities of the Company (or the surviving entity).

 

(c) Each
Shareholder Party shall be permitted to enter into a trading plan established in accordance with Rule 10b5-1 under the Exchange
Act during the applicable Lock-Up Period so long as no transfers or other dispositions of such Shareholder Party’s shares
in contravention of Section 3.1 are effected prior to the expiration of the applicable Lock-Up Period.

 

(d) Each
Shareholder Party also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and
registrar against the transfer of the covered shares except in compliance with the foregoing restrictions and to the addition of
a legend to such Shareholder Party’s shares describing the foregoing restrictions.

 

(e) (x)
Any Ordinary Shares acquired by the undersigned pursuant to any subscription agreement executed in connection with the PIPE Financing,
(y) in the case of Magna, any Ordinary Shares acquired by Magna pursuant to a warrant of the Company, and (z) in the case of Antara,
any Ordinary Shares acquired by Antara pursuant to Section 2 of the Put Option Agreement, shall not be subject to the lockup provisions
of this Section 3; provided that, for the avoidance of doubt, the Antara Ordinary Shares and the Antara Warrants
as defined in and issuable pursuant to Section 3 of the Put Option Agreement shall be subject to the provisions of this Agreement.

 

    5

     

    

 

ARTICLE IV

GENERAL PROVISIONS

 

4.1 Termination.
Subject to Section 4.13 or the early termination of any provision as a result of an amendment to this Agreement agreed
to by the Company Board and the Shareholder Parties, as provided under Section 4.3, this Agreement shall not terminate
with respect to a Shareholder Party or its Permitted Transferees until the expiration of the Lock-Up Period.

 

4.2 Notices.
All notices, requests, claims, demands 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 e-mailed during normal business hours (and otherwise as of the immediately following Business Day),
addressed as follows:

 

If to the Company, to:

 

Innoviz Technologies Ltd.

2 Amal St.

Rosh HaAin

4809202, Israel

	Attention:   	Eldar Cegla, Chief Financial Officer
	Email:	eldarc@innoviz-tech.com

 

with copies (which shall not constitute
notice) to:

 

Latham & Watkins LLP

811 Main Street, Suite 3700

Houston, Texas 77002

	Attention:	Ryan Maierson
	E-mail:	ryan.maierson@lw.com

 

Latham & Watkins LLP

99 Bishopsgate

London EC2M 3XF

United Kingdom

	Attention:	Joshua Kiernan
	E-mail:	joshua.kiernan@lw.com

 

    6

     

    

 

If to any Shareholder Party, to such address
indicated on the Company’s records with respect to such Shareholder Party or to such other address or addresses as such Shareholder
Party may from time to time designate in writing.

 

4.3 Amendment;
Waiver. (a) The terms and provisions of this Agreement may be amended or modified in whole or in part only by a duly authorized
agreement in writing executed by the Company and Shareholder Parties holding a majority of the shares then held by the Shareholder
Parties in the aggregate as to which this Agreement has not been terminated pursuant to Section 4.1. Prior to the consummation
of the Merger, this Agreement may not be amended without the prior written consent of the Company.

 

(b) Except
as expressly set forth in this Agreement, neither the failure nor delay on the part of any party hereto to exercise any right,
remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of
any right, remedy power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or
privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver
of such right, remedy, power or privilege with respect to any other occurrence.

 

(c) No
party shall be deemed to have waived any claim arising out of this Agreement, or any right, remedy, power or privilege under this
Agreement, unless the waiver of such claim, right, remedy, power or privilege is expressly set forth in a written instrument duly
executed and delivered on behalf of such party; and any such waiver shall not be applicable or have any effect except in the specific
instance in which it is given.

 

(d) Any
party hereto may unilaterally waive any of its rights hereunder in a signed writing delivered to the Company.

 

4.4 Further
Assurances. The parties hereto will sign such further documents, cause such meetings to be held, resolutions passed, exercise
their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give
full effect to this Agreement and every provision hereof. To the fullest extent permitted by Law, the Company shall not directly
or indirectly take any action that is intended to, or would reasonably be expected to result in, the Shareholder Parties being
deprived of the rights contemplated by this Agreement.

 

4.5 Assignment.
No party shall assign, delegate, or otherwise transfer this Agreement or any part hereof without the prior written consent of the
other parties hereto. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective permitted successors and assigns. Any attempted assignment in violation of the terms of this Section 4.5
shall be null and void, ab initio.

 

4.6 Third
Parties. Except as provided for in Article II, Article III and Article IV with respect to any Non-Recourse
Party, nothing expressed or implied in this Agreement is intended or shall be construed to confer upon or give any Person, other
than the parties hereto, any right or remedies under or by reason of this Agreement.

 

    7

     

    

 

4.7 Governing
Law. This Agreement, and all claims or causes of action based upon, arising out of, or related to this Agreement, shall
be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any choice of law or
conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application
of the law of any jurisdiction other than the State of Delaware.

 

4.8 Jurisdiction;
Waiver of Jury Trial.

 

(a) Each
of the parties hereto irrevocably and unconditionally submits to the exclusive jurisdiction of the Chancery Court of the State
of Delaware (or, if the Chancery Court of the State of Delaware declines to accept jurisdiction, any state or federal court sitting
in the Borough of Manhattan, State of New York, New York County), for the purposes of any Proceeding (as defined in the Business
Combination Agreement), claim, demand, action or cause of action (a) arising under this Agreement or (b) in any way connected with
or related or incidental to the dealings of the parties hereto in respect of this Agreement, and irrevocably and unconditionally
waives any objection to the laying of venue of any such Proceeding in any such court, and further irrevocably and unconditionally
waives and agrees not to plead or claim in any such court that any such Proceeding has been brought in an inconvenient forum. Each
party hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or
otherwise, in any Proceeding, claim, demand, action or cause of action against such Party (i) arising under this Agreement or (ii)
in any way connected with or related or incidental to the dealings of the parties hereto in respect of this Agreement, (A) any
claim that such party is not personally subject to the jurisdiction of the courts as described in this Section 4.8 for
any reason, (B) that such party or such party’s property is exempt or immune from the jurisdiction of any such court
or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment
in aid of execution of judgment, execution of judgment or otherwise) and (C) that (x) the Proceeding, claim, demand,
action or cause of action in any such court is brought against such party in an inconvenient forum, (y) the venue of such
Proceeding, claim, demand, action or cause of action against such party is improper or (z) this Agreement, or the subject
matter hereof, may not be enforced against such party in or by such courts. Each party agrees that service of any process, summons,
notice or document by registered mail to such party’s respective address set forth in Section 4.8 shall be effective
service of process for any such Proceeding, claim, demand, action or cause of action.

 

(b) THE
PARTIES HERETO EACH HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY PROCEEDING, CLAIM,
DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR UNDER ANY ANCILLARY DOCUMENT OR (II) IN ANY WAY CONNECTED
WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT, WHETHER NOW EXISTING OR HEREAFTER
ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE.  THE PARTIES HERETO EACH HEREBY AGREES AND CONSENTS THAT ANY
SUCH PROCEEDING, CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES HERETO
MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO
TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) 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, (B) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH SUCH
PARTY MAKES THIS WAIVER VOLUNTARILY AND (D) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 4.8.

 

    8

     

    

 

4.9 Specific
Performance. The parties hereto each agree that irreparable damage for which monetary damages, even if available, would
not be an adequate remedy, would occur in the event that the parties hereto do not perform their obligations under the provisions
of this Agreement in accordance with its specified terms or otherwise breach such provisions. The parties acknowledge and agree
that (a) the parties shall be entitled to an injunction, specific performance, or other equitable relief, to prevent breaches of
this Agreement and to enforce specifically the terms and provisions hereof, without proof of damages, prior to the valid termination
of this Agreement, and (b) the right of specific enforcement is an integral part of the transactions contemplated by this Agreement
and without that right, none of the parties would have entered into this Agreement. Each party agrees that it will not oppose the
granting of specific performance and other equitable relief on the basis that the other parties have an adequate remedy at law
or that an award of specific performance is not an appropriate remedy for any reason at law or equity. The parties hereto each
acknowledge and agree that any party seeking an injunction to prevent breaches of this Agreement and to enforce specifically the
terms and provisions of this Agreement in accordance with this Section 4.9 shall not be required to provide any bond or
other security in connection with any such injunction.

 

4.10 Severability.
Whenever possible, each provision of this Agreement will be interpreted in such a manner as to be effective and valid under applicable
Law, but if any term or other provision of this Agreement is held to be invalid, illegal or unenforceable under applicable Law,
all other provisions of this Agreement shall remain in full force and effect so long as the economic or legal substance of the
transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any
term or other provision of this Agreement is invalid, illegal or unenforceable under applicable Law, the parties hereto shall negotiate
in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable
manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible.

 

4.11 Entire
Agreement. This Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter
hereof and supersedes all other prior agreements and understandings, both written and oral, among the parties hereto with respect
to the subject matter hereof.  No representations, warranties, covenants, understandings, agreements, oral or otherwise, with
respect to the subject matter contemplated by this Agreement exist between the parties hereto except as expressly set forth or
referenced in this Agreement.

 

4.12 Captions;
Counterparts. The headings, subheadings and captions contained in this Agreement are inserted for convenience only and
shall not affect in any way the meaning or interpretation of this Agreement. This Agreement and any amendment hereto may be executed
in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this Agreement or any amendment hereto by electronic means,
including docusign, e-mail, or scanned pages shall be effective as delivery of a manually executed counterpart to this Agreement
or any amendment hereto.

 

4.13 Effectiveness;
Termination if Business Combination Agreement is Terminated. This Agreement shall be valid and enforceable as of the date
of this Agreement and may not be revoked by any party hereto; provided that the provisions herein (other than this Article IV)
shall not be effective until the consummation of the Merger. In the event the Business Combination Agreement is terminated in accordance
with its terms, this Agreement shall automatically terminate and be of no further force or effect.

 

4.14 Non-Recourse.
This Agreement may only be enforced against, and any claim or cause of action based upon, arising out of, or related to this Agreement
or the transactions contemplated hereby may only be brought against, the entities that are expressly named as parties hereto, and
then only with respect to the specific obligations set forth herein with respect to such party. Except to the extent a named party
to this Agreement (and then only to the extent of the specific obligations undertaken by such named party in this Agreement), no
Non-Recourse Party shall have any liability (whether in contract, tort, equity or otherwise) for any one or more of the representations,
warranties, covenants, agreements or other obligations or liabilities of the parties to this Agreement or for any claim based on,
arising out of, or related to this Agreement or the transactions contemplated hereby.

 

[Remainder of Page Intentionally Left
Blank]

 

    9

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Confidentiality and Lockup Agreement on the day and year first above written.

 

	 	Innoviz Technologies Ltd.
	 	 
	 	By:	/s/ Eldar Cegla
	 	 	Name:	Eldar Cegla
	 	 	Title: 	Chief Financial Officer
	 	 	 	 
	 	Perception Capital Corp.
	 	 
	 	By:	/s/ James J. Sheridan III
	 	 	Name:	James J. Sheridan III
	 	 	Title:	CEO
	 	 	 	 
	 	Antara Capital LP
	 	 	 
	 	By:	/s/ Himanshu Gulati
	 	 	Name:	Himanshu Gulati
	 	 	Title:	Managing Partner
	 	 
	 	Shipwright SPAC I, LLC
	 	 	 
	 	By:	/s/ Andrew Townsend
	 	 	Name:	Andrew Townsend
	 	 	Title:	Managing Member
	 	 	 	 
	 	THE LINTON FAMILY TRUST (2040)
	 	 	 
	 	By:	/s/ Bruce Linton
	 	 	Name:	Bruce Linton
	 	 	Title:	Trustee
	 	 	 	 
	 	GWW LLC
	 	 	 	 
	 	By:	/s/ Geoffrey W. Whaling
	 	 	Name:	Geoffrey W. Whaling
	 	 	Title:	Member

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	/s/ Tim Saunders
	 	Tim Saunders
	 	 
	 	/s/ Jonathan Sherman
	 	Jonathan Sherman
	 	 
	 	/s/ Wilson Kello
	 	Wilson Kello
	 	 	 	 
	 	2702933 ontario inc.
	 	 	 
	 	By:	/s/ Jonathan Sherman
	 	 	Name:	Jonathan Sherman
	 	 	Title:	Director
	 	 	 	 
	 	2702932 ontario inc.
	 	 	 
	 	By:	/s/ Jamie Litchen
	 	 	Name:	Jamie Litchen
	 	 	Title:	Director
	 	 	 	 
	 	/s/ Omer Keilaf
	 	Omer Keilaf
	 	 
	 	/s/ Oren Rosenzweig
	 	Oren Rosenzweig
	 	 
	 	/s/ Oren Buskila
	 	Oren Buskila
	 	 
	 	/s/ Zohar Zisapel
	 	Zohar Zisapel

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	MICHAEL AND KILL HOLDINGS (93) LTD.
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	LOMSHA LTD.
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	MAGMA VENTURE CAPITAL IV L.P.
	 	 	 
	 	By:	/s/ Yahal Zilka
	 	 	Name:	Yahal Zilka
	 	 	Title:	 
	 	 	 	 
	 	MAGMA VENTURE CAPITAL IV CEO FUND LP
	 	 	 
	 	By:	/s/ Yahal Zilka
	 	 	Name:	Yahal Zilka
	 	 	Title:	 
	 	 	 	 
	 	VERTEX IV (C.I.) FUND, L.P.
	 	 	 	 
	 	By:	/s/ Yoram Oron
	 	 	Name:	Yoram Oron
	 	 	Title:	General Partner
	 	 	 	 
	 	By:	/s/ Ran Gartenberg
	 	 	Name:	Ran Gartenberg
	 	 	Title:	CFO & General Partner

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	AMITI FUND II, L.P.
	 	 	 	 
	 	By:	/s/ Ben Rabinowitz
	 	 	Name:	Ben Rabinowitz
	 	 	Title:	 
	 	 	 	 
	 	AMITI INNOVIZ, L.P.
	 	 	 	 
	 	By:	/s/ Ben Rabinowitz
	 	 	Name:	Ben Rabinowitz
	 	 	Title:	 
	 	 	 	 
	 	DELEK MOTORS LTD.
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	MAGNA US INVESTMENTS, INC.
	 	 	 
	 	By:	/s/ Seetarama Swamy Kotagiri
	 	 	Name:	Seetarama Swamy Kotagiri
	 	 	Title:	 
	 	 	 
	 	By:	/s/ Bruce Cluney
	 	 	Name:	Bruce Cluney
	 	 	Title:	Executive Vice-President
	 	 	 	 
	 	INTEGRATED DYNAMIC ENTERPRISES LIMITED
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	INTEGRATED DYNAMIC ENTERPRISES A LIMITED
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	ALLIED HOLDINGS LTD.
	 	 	 	 
	 	By:	/s/ Raanan Weissel
	 	 	Name:	Raanan Weissel
	 	 	Title:	Chief Financial Officer
	 	 	 
	 	By:	/s/ Yigal Schreiber
	 	 	Name:	Yigal Schreiber
	 	 	Title:	Chief Executive Officer
	 	 	 	 
	 	SB GLOBAL CHAMP FUND
	 	 	 	 
	 	By:	/s/ Benjamin Eli Weiss
	 	 	Name:	Benjamin Eli Weiss
	 	 	Title:	Venture Partner
	 	 	 	 
	 	SB NEXT MEDIA INNOVATION FUND
	 	 	 	 
	 	By:	/s/ Benjamin Eli Weiss
	 	 	Name:	Benjamin Eli Weiss
	 	 	Title:	Venture Partner
	 	 	 	 
	 	GLORY VENTURES INVESTMENTS FUND II L.P.
	 	 	 	 
	 	By:	/s/ Yang Craig
	 	 	Name:	Yang Craig
	 	 	Title:	 

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	ROBOLUTION CAPITAL I
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	SINO-BLR INDUSTRIAL INVESTMENT FUND, L.P.
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	HAREL PENSION AND PROVIDENT LTD. SOLELY ON BEHALF OF HAREL PENSION
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments
	 	 	 	 
	 	TZAVA HAKEVA SAVING FUND – PROVIDENT FUNDS MANAGEMENT COMPANY LTD. SOLELY ON BEHALF OF TZVA HAKEVA SAVINGS FUND
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	HAREL PENSION AND PROVIDENT LTD. SOLELY ON BEHALF OF HAREL PROVIDENT FUND
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments
	 	 	 	 
	 	HAREL INSURANCE COMPANY LTD. (PARTICIPATING FUNDS)
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments
	 	 	 	 
	 	LEATID PENSION FUNDS MANAGEMENT COMPANY LTD. SOLELY ON BEHALF OF ATIDIT PENSION FUND
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	HAREL PENSION AND PROVIDENT LTD. SOLELY ON BEHALF OF HAREL GENERAL PLAN
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments
	 	 	 	 
	 	HAREL PENSION AND PROVIDENT LTD. SOLELY ON BEHALF OF HAREL STUDY FUND
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments
	 	 	 	 
	 	HAREL PENSION AND PROVIDENT LTD. SOLELY ON BEHALF OF HAREL PROVIDENT INVESTMENT
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	HAREL PENSION AND PROVIDENT LTD. SOLELY ON BEHALF OF HAREL PROVIDENT INVESTMENT FOR CHILDREN
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments
	 	 	 	 
	 	HAREL PENSION AND PROVIDENT LTD. SOLELY ON BEHALF OF HAREL PROVIDENT INVESTMENT FOR CHILDREN
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments
	 	 	 	 
	 	HAREL INSURANCE COMPANY LTD. (NOSTRO)
	 	 	 	 
	 	By:	/s/ Shmuel Babecov
	 	 	Name:	Shmuel Babecov
	 	 	Title:	Chief Investment Officer
	 	 	 
	 	By:	/s/ Koby Kehaty
	 	 	Name:	Koby Kehaty
	 	 	Title:	Equity Investments

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	THE PHOENIX INSURANCE COMPANY LTD.
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	THE PHOENIX INSURANCE COMPANY LTD. (NOSTRO)
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	THE PHOENIX EXCELLENCE PENSION & PROVIDENT FUND LTD.
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	ALLIANCE ONE INVESTMENT SINGAPORE PTE LTD.
	 	 	 	 
	 	By:	/s/
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	GLORY VENTURES INVESTMENT L.P.
	 	 	 	 
	 	By:	/s/ Yang Greg
	 	 	Name:	Yang Greg
	 	 	Title:	 

 

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

  

	 	CHAMPEL INNOVIZ LIMITED
	 	 	 	 
	 	By:	/s/ Amir Weitmann
	 	 	Name:	Amir Weitmann
	 	 	Title:	Director
	 	 	 	 
	 	SHEFA CAPITAL – INNOVIZ OPPORTUNITY FUND, L.P.
	 	 	 	 
	 	 	 	 
	 	By Shefa Capital General Partner, L.P., Its General Partner
	 	By Shefa Capital General Partner, Ltd., Its General Partner
	 	 	 	 
	 	By:	/s/ Ranan Gkobman
	 	 	Name:	Ranan Gkobman
	 	 	Title:	Managing Partner

   

[Signature Page to Confidentiality and
Lockup Agreement]

 

     

     

    

 

Exhibit
A

 

Perception Capital Corp.

Antara Capital LP

Shipwright SPAC I, LLC

The Linton Family Trust

GWW LLC

Tim Saunders

Jonathan Sherman

2702933 Ontario Inc.

2802932 Ontario Inc.

Wilson Kello

Omer Keilaf

Oren Rosenzweig

Oren Buskila

Zohar Zisapel

Champel Innoviz Limited

Shefa Capital – Innoviz Opportunity Fund, L.P.

Magma Venture Capital IV LP

Magma Venture Capital IV CEO Fund LP

Vertex IV (C.I.) Fund, L.P.

Amiti Fund II, L.P.

Amiti Innoviz, L.P.

Delek Motors Ltd.

Michael and Klil Holdings (93) Ltd.

Lomsha Ltd.

Magna US Investments, Inc.

Allied Holdings Ltd.

Integrated Dynamic Enterprises Limited

Integrated Dynamic Enterprises A Limited

Robolution Capital 1

SB Global Champ Fund

SB Next Media Innovation Fund

SINO-BLR Industrial Investment Fund, L.P.

Harel Pension and Provident Ltd. solely on behalf of Harel Pension

Harel Pension and Provident Ltd. solely on behalf of Harel Provident
Fund

LeAtid Pension Funds Management Company Ltd. solely on behalf
of Atidit Pension Fund

Harel Pension and Provident Ltd. solely on behalf of Harel Study
Fund

Harel Pension and Provident Ltd. solely on behalf of Harel Provident
Investment For Children

Tzava Hakeva Saving Fund - Provident Funds Management Company
Ltd. solely on behalf of Tzva Hakeva Savings Fund

Harel Insurance Company Ltd. (Participating Funds)

Harel Pension and Provident Ltd. solely on behalf of Harel General
Plan

Harel Pension and Provident Ltd. solely on behalf of Harel Provident
Investment

Harel Insurance Company Ltd. (Nostro)

The Phoenix Insurance Company Ltd.

The Phoenix Excellence Pension & Provident Fund Ltd.

The Phoenix Insurance Company Ltd. (Nostro)

Alliance One Investment Singapore PTE Ltd.

Glory Ventures Investments L.P.

Glory Ventures Investment Fund II L.P.

 

     

     

    

 

Exhibit B

FORM OF JOINDER TO CONFIDENTIALITY AND LOCKUP AGREEMENT

[______], 20__

 

Reference is made to the Confidentiality
and Lockup Agreement, dated as of [ ● ], by and among Innoviz Technologies Ltd. (the “Company”) and the other
Shareholder Parties (as defined therein) from time to time party thereto (as amended from time to time, the “Confidentiality
and Lockup Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to
such terms in the Confidentiality and Lockup Agreement.

 

Each of the Company and each undersigned
holder of ordinary shares of the Company (each, a “New Shareholder Party”) agrees that this Joinder to the Confidentiality
and Lockup Agreement (this “Joinder”) is being executed and delivered for good and valuable consideration.

 

Each undersigned New Shareholder Party
hereby agrees to and does become party to the Confidentiality and Lockup Agreement as a Shareholder Party. This Joinder shall serve
as a counterpart signature page to the Confidentiality and Lockup Agreement and by executing below each undersigned New Shareholder
Party is deemed to have executed the Confidentiality and Lockup Agreement with the same force and effect as if originally named
a party thereto.

 

This Joinder may be executed in multiple
counterparts, including by means of facsimile or electronic signature, each of which shall be deemed an original, but all of which
together shall constitute the same instrument.

 

[Remainder of Page Intentionally Left
Blank.]

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned have
duly executed this Joinder as of the date first set forth above.

 

	 	[NEW SHAREHOLDER PARTY]
	 	 
	 	By:	 
	 	 	Name:	      
	 	 	Title	 
	 	 	 	 
	 	Innoviz Technologies Ltd.
	 	 
	 	By:	                
	 	 	Name:  	               
	 	 	Title:

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