Document:

Exhibit 10.6

          

          OWLET, INC.

          

          2021 EMPLOYEE STOCK PURCHASE PLAN

          ARTICLE 1 

          

          PURPOSE

          The Plan’s purpose is to assist employees of the Company and its Designated Subsidiaries in acquiring a
            stock ownership interest in the Company, and to help such employees provide for their future security and to encourage them to remain in the employment of the Company and its Subsidiaries. 

          The Plan consists of two components: the Section 423 Component and the Non-Section 423 Component. The
            Section 423 Component is intended to qualify as an “employee stock purchase plan” under Section 423 of the Code and shall be administered, interpreted and construed in a manner consistent with the requirements of Section 423 of the Code. In
            addition, this Plan authorizes the grant of Options under the Non-Section 423 Component, which need not qualify as Options granted pursuant to an “employee stock purchase plan” under Section 423 of the Code; such Options granted under the
            Non-Section 423 Component shall be granted pursuant to separate Offerings containing such sub-plans, appendices, rules or procedures as may be adopted by the Administrator and designed to achieve tax, securities laws or other objectives for
            Eligible Employees and the Designated Subsidiaries in locations outside of the United States. Except as otherwise provided herein, the Non-Section 423 Component will operate and be administered in the same manner as the Section 423 Component.
            Offerings intended to be made under the Non-Section 423 Component will be designated as such by the Administrator at or prior to the time of such Offering.

          For purposes of this Plan, the Administrator may designate separate Offerings under the Plan, the terms
            of which need not be identical, in which Eligible Employees will participate, even if the dates of the applicable Offering Period(s) in each such Offering is identical, provided that the terms of participation are the same within each separate
            Offering under the Section 423 Component as determined under Section 423 of the Code. Solely by way of example and without limiting the foregoing, the Company could, but shall not be required to, provide for simultaneous Offerings under the
            Section 423 Component and the Non-Section 423 Component of the Plan.

          ARTICLE 2 

          

          DEFINITIONS

          As used in the Plan, the following words and phrases have the meanings specified below, unless the
            context clearly indicates otherwise: 

          2.1 “Administrator” means the Committee, or
            such individuals to which authority to administer the Plan has been delegated under Section 7.1 hereof.

          2.2 “Agent” means the brokerage firm, bank
            or other financial institution, entity or person(s), if any, engaged, retained, appointed or authorized to act as the agent of the Company or an Employee with regard to the Plan.

          2.3 “Board” means the Board of Directors of
            the Company.

          2.4 “Code” means the U.S. Internal Revenue
            Code of 1986, as amended, and all regulations, guidance, compliance programs and other interpretative authority issued thereunder.

          2.5 “Committee” means the Compensation
            Committee of the Board.

          2.6 “Common Stock” means the common stock of
            the Company.

          2.7 “Company” means Owlet, Inc., a Delaware
            corporation, or any successor.

          2.8 “Compensation” of an Employee means the
            regular earnings or base salary, bonuses and commissions paid to the Employee from the Company on each Payday as compensation for services to the Company or any Designated Subsidiary, before deduction for any salary deferral contributions made
            by the Employee to any tax-qualified or nonqualified deferred compensation plan, including overtime, shift differentials, vacation pay, salaried production schedule premiums, holiday pay, jury duty pay, funeral leave pay, paid time off,
            military pay, prior week adjustments and weekly bonus, but excluding education or tuition reimbursements, imputed income 

        

      

      
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          arising under any group insurance or benefit program, travel expenses, business and moving reimbursements, including tax
            gross ups and taxable mileage allowance, income received in connection with any stock options, restricted stock, restricted stock units or other compensatory equity awards and all contributions made by the Company or any Designated Subsidiary
            for the Employee’s benefit under any employee benefit plan now or hereafter established. Such Compensation shall be calculated before deduction of any income or employment tax withholdings, but shall be withheld from the Employee’s net income.
          

          2.9 “Designated Subsidiary” means each
            Subsidiary, including any Subsidiary in existence on the Effective Date and any Subsidiary formed or acquired following the Effective Date, that has been designated by the Board or Committee from time to time in its sole discretion as eligible
            to participate in the Plan, in accordance with Section 7.2 hereof, such designation to specify whether such participation is in the Section 423 Component or Non-Section 423 Component. A Designated Subsidiary may participate in either the
            Section 423 Component or Non-Section 423 Component, but not both, provided that a Subsidiary that, for U.S. tax purposes, is disregarded from the Company or any Subsidiary that participates in the
            Section 423 Component shall automatically constitute a Designated Subsidiary that participates in the Section 423 Component. 

          2.10 “Effective Date” means the date
            immediately prior to the date of the closing of the transactions contemplated by that certain Business Combination Agreement entered into on or about February 15, 2021, by and among the Owlet Baby Care Inc., a Delaware corporation, Sandbridge
            Acquisition Corporation, a Delaware corporation, and Project Olympus Merger Sub, Inc., a Delaware corporation, provided that the Board has adopted the Plan prior to or on such date, subject to approval
            of the Plan by the Company’s stockholders.

          2.11 “Eligible Employee” means an Employee:

            (a) who is customarily scheduled to work at least 20 hours per week;

            (b) whose customary employment is more than five months in a calendar year; and

             (c) who, after the granting of the Option, would not be deemed for purposes of Section 423(b)(3) of
            the Code to possess 5% or more of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. 

          For purposes of clause (c), the rules of Section 424(d) of the Code with regard to the attribution of
            stock ownership shall apply in determining the stock ownership of an individual, and stock which an Employee may purchase under outstanding options shall be treated as stock owned by the Employee. 

          Notwithstanding the foregoing, the Administrator may exclude from participation in the Section 423
            Component as an Eligible Employee:

               (x) any Employee that is a “highly compensated employee” of the Company or any Designated
            Subsidiary (within the meaning of Section 414(q) of the Code), or that is such a “highly compensated employee” (A) with compensation above a specified level, (B) who is an officer or (C) who is subject to the disclosure requirements of Section
            16(a) of the Exchange Act; or 

               (y) any Employee who is a citizen or resident of a foreign jurisdiction (without regard to whether
            they are also a citizen of the United States or a resident alien (within the meaning of Section 7701(b)(1)(A) of the Code)) if either (A) the grant of the Option is prohibited under the laws of the jurisdiction governing such Employee, or (B)
            compliance with the laws of the foreign jurisdiction would cause the Section 423 Component, any Offering thereunder or an Option granted thereunder to violate the requirements of Section 423 of the Code; provided
            that any exclusion in clauses (x) or (y) shall be applied in an identical manner under each Offering to all Employees of the Company and all Designated Subsidiaries, in accordance with Treas. Reg. § 1.423-2(e). Notwithstanding the foregoing,
            with respect to the Non-Section 423 Component, the first sentence in this definition shall apply in determining who is an “Eligible Employee,” except (a) the Administrator may limit eligibility further within the Company or a Designated
            Subsidiary so as to only designate some Employees of the Company or a Designated Subsidiary as Eligible Employees, and (b) to the extent the restrictions in the first sentence in this definition are not consistent with applicable local laws,
            the applicable local laws shall control.

          2.12 “Employee” means any person who renders
            services to the Company or a Designated Subsidiary in the status of an employee within the meaning of Section 3401(c) of the Code. “Employee” shall not include any director of the Company or a Designated Subsidiary who does not render services
            to the Company or a 

        

      

      
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          Designated Subsidiary in the status of an employee within the meaning of Section 3401(c) of the Code. For purposes of
            the Plan, the employment relationship shall be treated as continuing intact while the individual is on military leave, sick leave or other leave of absence approved by the Company or a Designated Subsidiary and meeting the requirements of
            Treas. Reg. § 1.421-1(h)(2). Where the period of leave exceeds three months, or such other period specified in Treas. Reg. § 1.421-1(h)(2), and the individual’s right to reemployment is not guaranteed either by statute or by contract, the
            employment relationship shall be deemed to have terminated on the first day immediately following such three-month period, or such other period specified in Treas. Reg. § 1.421-1(h)(2).

          2.13 “Enrollment Date” means the first
            date of each Offering Period.

          2.14 “Exercise Date” means the last day of
            each Purchase Period, except as provided in Section 5.2 hereof.

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

          2.16 “Fair Market Value” means, as of any
            date, the value of Common Stock determined as follows:

             (a) If the Common Stock is (i) listed on any established securities exchange (such as the New York
            Stock Exchange or Nasdaq Stock Market), (ii) listed on any national market system or (iii) listed, quoted or traded on any automated quotation system, its Fair Market Value shall be the closing sales price for a share of Common Stock as quoted
            on such exchange or system for such date or, if there is no closing sales price for a share of Common Stock on the date in question, the closing sales price for a share of Common Stock on the last preceding date for which such quotation exists,
            as reported in The Wall Street Journal or such other source as the Administrator deems reliable;

             (b) If the Common Stock is not listed on an established securities exchange, national market system
            or automated quotation system, but the Common Stock is regularly quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked
            prices for a share of Common Stock on such date, the high bid and low asked prices for a share of Common Stock on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or

             (c) If the Common Stock is neither listed on an established securities exchange, national market
            system or automated quotation system nor regularly quoted by a recognized securities dealer, its Fair Market Value shall be established by the Administrator in good faith.

          2.17 “Grant Date” means the first day of
            an Offering Period.

          2.18 “New Exercise Date” has the meaning
            set forth in Section 5.2(b) hereof. 

          2.19 “Non-Section 423 Component” means those
            Offerings under the Plan, together with the sub-plans, appendices, rules or procedures, if any, adopted by the Administrator as a part of this Plan, in each case, pursuant to which Options may be granted to non-U.S. Eligible Employees that need
            not satisfy the requirements for Options granted pursuant to an “employee stock purchase plan” that are set forth under Section 423 of the Code.

          2.20 “Offering” means an offer under the
            Plan of an Option that may be exercised during an Offering Period as further described in Section 4 hereof. Unless otherwise specified by the Administrator, each Offering to the Eligible Employees of the Company or a Designated Subsidiary shall
            be deemed a separate Offering, even if the dates and other terms of the applicable Exercise Periods of each such Offering are identical and the provisions of the Plan will separately apply to each Offering. To the extent permitted by Treas.
            Reg. § 1.423-2(a)(1), the terms of each separate Offering under the Section 423 Component need not be identical, provided that the terms of the Section 423 Component and an Offering thereunder together satisfy Treas. Reg. § 1.423-2(a)(2) and
            (a)(3). 

          2.21 “Offering Period” means each
            consecutive, overlapping twenty-four (24) month period commencing on such date(s) as determined by the Board or Committee, in its sole discretion, and with respect to which Options shall be granted to Participants. The duration and timing of
            Offering Periods may be established or changed by the Board or Committee at any time, in its sole discretion. Notwithstanding the foregoing, in no event may an Offering Period exceed twenty-seven (27) months. 

        

      

      
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          2.22 “Option” means the right to purchase
            shares of Common Stock pursuant to the Plan during each Offering Period. 

          2.23 “Option Price” means the purchase price
            of a share of Common Stock hereunder as provided in Section 4.2 hereof.

          2.24 “Parent” means any entity that is a
            parent corporation of the Company within the meaning of Section 424 of the Code.

          2.25 “Participant” means any Eligible
            Employee who elects to participate in the Plan.

          2.26 “Payday” means the regular and
            recurring established day for payment of Compensation to an Employee of the Company or any Designated Subsidiary.

          2.27 “Plan” means this 2021 Employee Stock
            Purchase Plan, including both the Section 423 Component and Non-Section 423 Component and any other sub-plans or appendices hereto, as amended from time to time.

          2.28 “Plan Account” means a bookkeeping
            account established and maintained by the Company in the name of each Participant. 

          2.29 “Purchase Period” means each
            consecutive six (6) month period commencing on such date(s) as determined by the Board or Committee, in its sole discretion, within each Offering Period. The first Purchase Period of each Offering Period shall commence on the Grant Date and end
            with the next Exercise Date. The duration and timing of Purchase Periods may be established or changed by the Board or Committee at any time, in its sole discretion. Notwithstanding the foregoing, in no event may a Purchase Period exceed the
            duration of the Offering Period under which it is established. 

          2.30 “Section 409A” means Section 409A of
            the Code.

          2.31 “Section 423 Component” means those
            Offerings under the Plan that are intended to meet the requirements under Section 423(b) of the Code.

          2.32 “Subsidiary” means any entity that is a
            subsidiary corporation of the Company within the meaning of Section 424 of the Code. In addition, with respect to the Non-Section 423 Component, Subsidiary shall include any corporate or noncorporate entity in which the Company has a direct or
            indirect equity interest or significant business relationship.

          2.33 “Treas. Reg.” means U.S. Department of
            the Treasury regulations.

          2.34 “Withdrawal Election” has the meaning
            set forth in Section 6.1(a) hereof.

          ARTICLE 3 

          

          PARTICIPATION

          3.1 Eligibility. 

             (a) Any Eligible Employee who is employed by the Company or a Designated Subsidiary on a given
            Enrollment Date for an Offering Period shall be eligible to participate in the Plan during such Offering Period, subject to the requirements of Articles 4 and 5 hereof, and, for the Section 423 Component, the limitations imposed by Section
            423(b) of the Code.

             (b) No Eligible Employee shall be granted an Option under the Section 423 Component which permits the
            Participant’s rights to purchase shares of Common Stock under the Plan, and to purchase stock under all other employee stock purchase plans of the Company, any Parent or any Subsidiary subject to Section 423 of the Code, to accrue at a rate
            which exceeds $25,000 of fair market value of such stock (determined at the time such Option is granted) for each calendar year in which such Option is outstanding at any time. The limitation under this Section 3.1(b) shall be applied in
            accordance with Section 423(b)(8) of the Code.

          3.2 Election to Participate; Payroll Deductions

             (a) Except as provided in Sections 3.2(e) and 3.3 hereof, an Eligible Employee may become a
            Participant in the Plan only by means of payroll deduction. Each individual who is an Eligible Employee as of an Offering Period’s Enrollment Date may elect to participate in such Offering Period and the Plan by delivering to the Company a
            payroll deduction authorization no later than the period of time prior to the applicable Enrollment Date that is determined by the Administrator, in its sole discretion. 

        

      

      
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             (b) Subject to Section 3.1(b) hereof and except as may otherwise be determined by the
            Administrator, payroll deductions (i) shall equal at least 1% of the Participant’s Compensation as of each Payday of the Offering Period following the Enrollment Date, but not more than 15% of the Participant’s Compensation as of each Payday of
            the Offering Period following the Enrollment Date; and (ii) may be expressed either as (A) a whole number percentage, or (B) a fixed dollar amount. Amounts deducted from a Participant’s Compensation with respect to an Offering Period pursuant
            to this Section 3.2 shall be deducted each Payday through payroll deduction and credited to the Participant’s Plan Account; provided that for the first Offering Period under this Plan, payroll deductions shall not begin until such date
            determined by the Board or Committee, in its sole discretion. 

             (c) Following at least one payroll deduction, a Participant may decrease (to as low as zero) the
            amount deducted from such Participant’s Compensation only once during an Offering Period upon ten calendar days’ prior written notice to the Company. A Participant may not increase the amount deducted from such Participant’s Compensation during
            an Offering Period.

             (d) Upon the completion of an Offering Period, each Participant in such Offering Period shall
            automatically participate in the immediately following Offering Period at the same payroll deduction percentage or fixed amount as in effect at the termination of such Offering Period, unless such Participant delivers to the Company a different
            election with respect to the successive Offering Period in accordance with Section 3.2(a) hereof, or unless such Participant becomes ineligible for participation in the Plan.

             (e) Notwithstanding any other provisions of the Plan to the contrary, in non-U.S. jurisdictions where
            participation in the Plan through payroll deductions is prohibited, the Administrator may provide that an Eligible Employee may elect to participate through contributions to the Participant’s account under the Plan in a form acceptable to the
            Administrator in lieu of or in addition to payroll deductions; provided, however, that, for any Offering under the Section 423 Component, the Administrator must determine that any alternative method of contribution is applied on an equal and
            uniform basis to all Eligible Employees in the Offering.

          3.3 Leave of Absence. During leaves of absence approved by the Company meeting the requirements
            of Treas. Reg. § 1.421-1(h)(2), a Participant may continue participation in the Plan by making cash payments to the Company on the Participant’s normal payday equal to the Participant’s authorized payroll deduction.

          ARTICLE 4 

          

          PURCHASE OF SHARES

          4.1 Grant of Option. The Company may make one or more Offerings under the Plan, which may be
            successive or overlapping with one another, until the earlier of: (i) the date on which the Shares available under the Plan have been sold or (ii) the date on which the Plan is suspended or terminates. The Administrator shall designate the
            terms and conditions of each Offering in writing, including without limitation, the Offering Period and the Purchase Periods. Each Participant shall be granted an Option with respect to an Offering Period on the applicable Grant Date. Subject
            to the limitations of Section 3.1(b) hereof, the number of shares of Common Stock subject to a Participant’s Option shall be determined by dividing (a) such Participant’s payroll deductions accumulated prior to an Exercise Date and retained in
            the Participant’s Plan Account on such Exercise Date by (b) the applicable Option Price; provided that in no event shall a Participant be permitted to purchase during each Offering Period more than
            50,000 shares of Common Stock (subject to any adjustment pursuant to Section 5.2 hereof). The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that a
            Participant may purchase during such future Offering Periods. Each Option shall expire on the last Exercise Date for the applicable Offering Period immediately after the automatic exercise of the Option in accordance with Section 4.3 hereof,
            unless such Option terminates earlier in accordance with Article 6 hereof.

          4.2 Option Price. The “Option Price” per share of Common Stock to be paid by a Participant upon
            exercise of the Participant’s Option on an Exercise Date for an Offering Period shall equal 85% of the lesser of the Fair Market Value of a share of Common Stock on (a) the applicable Grant Date and (b) the applicable Exercise Date, or such
            other price designated by the Administrator; provided that in no event shall the Option Price per share of Common Stock be less than the par value per share of the Common Stock.

        

      

      
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          4.3 Purchase of Shares.

             (a) On each Exercise Date for an Offering Period, each Participant shall automatically and without
            any action on such Participant’s part be deemed to have exercised the Participant’s Option to purchase at the applicable per share Option Price the largest number of whole shares of Common Stock which can be purchased with the amount in the
            Participant’s Plan Account. Any balance less than the per share Option Price that is remaining in the Participant’s Plan Account (after exercise of such Participant’s Option) as of the Exercise Date shall be carried forward to the next Purchase
            Period or Offering Period. Any balance not carried forward to the next Purchase Period or Offering Period in accordance with the prior sentence promptly shall be refunded to the applicable Participant. 

             (b) As soon as practicable following each Exercise Date, the number of shares of Common Stock
            purchased by such Participant pursuant to Section 4.3(a) hereof shall be delivered (either in share certificate or book entry form), in the Company’s sole discretion, to either (i) the Participant or (ii) an account established in the
            Participant’s name at a stock brokerage or other financial services firm designated by the Company. If the Company is required to obtain from any commission or agency authority to issue any such shares of Common Stock, the Company shall seek to
            obtain such authority. Inability of the Company to obtain from any such commission or agency authority which counsel for the Company deems necessary for the lawful issuance of any such shares shall relieve the Company from liability to any
            Participant except to refund to the Participant such Participant’s Plan Account balance, without interest thereon.

          4.4 Automatic Termination of Offering Period. If the Fair Market Value of a share of Common Stock
            on any Exercise Date (except the final scheduled Exercise Date of any Offering Period) is lower than the Fair Market Value of a share of Common Stock on the Grant Date for an Offering Period, then such Offering Period shall terminate on such
            Exercise Date after the automatic exercise of the Option in accordance with Section 4.3 hereof, and each Participant shall automatically be enrolled in the Offering Period that commences immediately following such Exercise Date and such
            Participant’s payroll deduction authorization shall remain in effect for such Offering Period.

          4.5 Transferability of Rights. An Option granted under the Plan shall not be transferable, other
            than by will or the applicable laws of descent and distribution, and is exercisable during the Participant’s lifetime only by the Participant. No option or interest or right to the Option shall be available to pay off any debts, contracts or
            engagements of the Participant or the Participant’s successors in interest or shall be subject to disposition by pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by
            judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempt at disposition of the Option shall have no effect.

          ARTICLE 5 

          

          PROVISIONS RELATING TO COMMON STOCK

          5.1 Common Stock Reserved. Subject to adjustment as provided in Section 5.2 hereof, the maximum
            number of shares of Common Stock that shall be made available for sale under the Plan shall be the sum of (a) 1,814,469 shares and (b) an annual increase on the first day of each year beginning in 2022 and ending in 2031 equal to the lesser of
            (i) 1% of the shares outstanding (on an as converted basis) on the last day of the immediately preceding fiscal year and (ii) such number of shares as may be determined by the Board or Committee; provided,
              however, no more than 26,083,000 shares may be issued under the Plan. Shares made available for sale under the Plan may be authorized but unissued shares, treasury shares of Common Stock, or reacquired shares reserved for issuance
            under the Plan.

          5.2 Adjustments Upon Changes in Capitalization, Dissolution, Liquidation, Merger or Asset Sale.

            (a) Changes in Capitalization. Subject to any required action by the stockholders of the
            Company, the number of shares of Common Stock which have been authorized for issuance under the Plan but not yet placed under Option, as well as the price per share and the number of shares of Common Stock covered by each Option under the Plan
            which has not yet been exercised shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of
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          of Common Stock effected without receipt of consideration by the Company. Such adjustment shall be made by the
            Administrator, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any
            class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an Option.

            (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the
            Company, the Offering Periods then in progress shall be shortened by setting a new Exercise Date (the “New Exercise Date”), and shall terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided
            otherwise by the Administrator. The New Exercise Date shall be before the date of the Company’s proposed dissolution or liquidation. The Administrator shall notify each Participant in writing, at least ten business days prior to the New
            Exercise Date, that the Exercise Date for the Participant’s Option has been changed to the New Exercise Date and that the Participant’s Option shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant
            has withdrawn from the Offering Period as provided in Section 6.1 hereof or the Participant has ceased to be an Eligible Employee as provided in Section 6.2 hereof. 

            (c) Merger or Asset Sale. In the event of a proposed sale of all or substantially all of the
            assets of the Company, or the merger of the Company with or into another corporation, each outstanding Option shall be assumed or an equivalent Option substituted by the successor corporation or a Parent or Subsidiary of the successor
            corporation. If the successor corporation refuses to assume or substitute for the Option, any Offering Periods then in progress shall be shortened by setting a New Exercise Date and any Offering Periods then in progress shall end on the New
            Exercise Date. The New Exercise Date shall be before the date of the Company’s proposed sale or merger. The Administrator shall notify each Participant in writing, at least ten business days prior to the New Exercise Date, that the Exercise
            Date for the Participant’s Option has been changed to the New Exercise Date and that the Participant’s Option shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering
            Period as provided in Section 6.1 hereof or the Participant has ceased to be an Eligible Employee as provided in Section 6.2 hereof.

          5.3 Insufficient Shares. If the Administrator determines that, on a given Exercise Date, the
            number of shares of Common Stock with respect to which Options are to be exercised may exceed the number of shares of Common Stock remaining available for sale under the Plan on such Exercise Date, the Administrator shall make a pro rata
            allocation of the shares of Common Stock available for issuance on such Exercise Date in as uniform a manner as shall be practicable and as it shall determine in its sole discretion to be equitable among all Participants exercising Options to
            purchase Common Stock on such Exercise Date, and unless additional shares are authorized for issuance under the Plan, no further Offering Periods shall take place and the Plan shall terminate pursuant to Section 7.5 hereof. If an Offering
            Period is so terminated, then the balance of the amount credited to the Participant’s Plan Account which has not been applied to the purchase of shares of Common Stock shall be paid to such Participant in one lump sum in cash within 30 days
            after such Exercise Date, without any interest thereon. 

          5.4 Rights as Stockholders. With respect to shares of Common Stock subject to an Option, a
            Participant shall not be deemed to be a stockholder of the Company and shall not have any of the rights or privileges of a stockholder. A Participant shall have the rights and privileges of a stockholder of the Company when, but not until,
            shares of Common Stock have been deposited in the designated brokerage account following exercise of the Participant’s Option.

          ARTICLE 6 

          

          TERMINATION OF PARTICIPATION

          6.1 Cessation of Contributions; Voluntary Withdrawal.

             (a) A Participant may cease payroll deductions during an Offering Period and elect to withdraw from
            the Plan by delivering written notice of such election to the Company in such form and at such time prior to the Exercise Date for such Offering Period as may be established by the Administrator (a “Withdrawal Election”). A Participant electing to withdraw from the Plan may elect to either (i) withdraw all of the funds then credited to the Participant’s Plan Account as of the date on which the Withdrawal Election is
            received by the Company, in which case amounts credited to such Plan Account shall be returned to the Participant in one lump-sum payment in cash within 30 days after such election is received by the Company, without any interest thereon, and
            the Participant shall cease to participate in the Plan and the Participant’s Option for such Offering Period shall 

        

      

      
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          terminate; or (ii) exercise the Option for the maximum number of whole shares of Common Stock on the applicable Exercise
            Date with any remaining Plan Account balance returned to the Participant in one lump-sum payment in cash within 30 days after such Exercise Date, without any interest thereon, and after such exercise cease to participate in the Plan. Upon
            receipt of a Withdrawal Election, the Participant’s payroll deduction authorization and the Participant’s Option shall terminate.

             (b) A Participant’s withdrawal from the Plan shall not have any effect upon the Participant’s
            eligibility to participate in any similar plan which may hereafter be adopted by the Company or in succeeding Offering Periods which commence after the termination of the Offering Period from which the Participant withdraws.

             (c) A Participant who ceases contributions to the Plan during any Offering Period shall not be
            permitted to resume contributions to the Plan during that Offering Period. 

          6.2 Termination of Eligibility. Upon a Participant’s ceasing to be an Eligible Employee, for any
            reason, such Participant’s Option for the applicable Offering Period shall automatically terminate, the Participant shall be deemed to have elected to withdraw from the Plan, and such Participant’s Plan Account shall be paid to such Participant
            or, in the case of the Participant’s death, to the person or persons entitled thereto pursuant to applicable law, within 30 days after such cessation of being an Eligible Employee, without any interest thereon. If a Participant transfers
            employment from the Company or any Designated Subsidiary participating in the Section 423 Component to any Designated Subsidiary participating in the Non-Section 423 Component, such transfer shall not be treated as a termination of employment,
            but the Participant shall immediately cease to participate in the Section 423 Component; however, any contributions made for the Offering Period in which such transfer occurs shall be transferred to the Non-Section 423 Component, and such
            Participant shall immediately join the then-current Offering under the Non-Section 423 Component upon the same terms and conditions in effect for the Participant’s participation in the Section 423 Component, except for such modifications
            otherwise applicable for Participants in such Offering. A Participant who transfers employment from any Designated Subsidiary participating in the Non-Section 423 Component to the Company or any Designated Subsidiary participating in the
            Section 423 Component shall not be treated as terminating the Participant’s employment and shall remain a Participant in the Non-Section 423 Component until the earlier of (i) the end of the current Offering Period under the Non-Section 423
            Component, or (ii) the Enrollment Date of the first Offering Period in which the Participant is eligible to participate following such transfer. Notwithstanding the foregoing, the Administrator may establish different rules to govern transfers
            of employment between companies participating in the Section 423 Component and the Non-Section 423 Component, consistent with the applicable requirements of Section 423 of the Code.

          ARTICLE 7 

          

          GENERAL PROVISIONS

          7.1 Administration. 

             (a) The Plan shall be administered by the Committee, which shall be composed of members of the Board.
            The Committee may delegate administrative tasks under the Plan to the services of an Agent or Employees to assist in the administration of the Plan, including establishing and maintaining an individual securities account under the Plan for each
            Participant.

             (b) It shall be the duty of the Administrator to conduct the general administration of the Plan in
            accordance with the provisions of the Plan. The Administrator shall have the power, subject to, and within the limitations of, the express provisions of the Plan:

              (i) To establish and terminate Offerings;

               (ii) To determine when and how Options shall be granted and the provisions and terms of each
            Offering (which need not be identical);

              (iii) To select Designated Subsidiaries in accordance with Section 7.2 hereof; and

               (iv) To construe and interpret the Plan, the terms of any Offering and the terms of the Options and
            to adopt such rules for the administration, interpretation, and application of the Plan as are consistent 

        

      

      
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          therewith and to interpret, amend or revoke any such rules. The Administrator, in the exercise of this power, may
            correct any defect, omission or inconsistency in the Plan, any Offering or any Option, in a manner and to the extent it shall deem necessary or expedient to administer the Plan, subject to Section 423 of the Code for the Section 423 Component.

             (c) The Administrator may adopt rules or procedures relating to the operation and administration of
            the Plan to accommodate the specific requirements of local laws and procedures. Without limiting the generality of the foregoing, the Administrator is specifically authorized to adopt rules and procedures regarding handling of participation
            elections, payroll deductions, payment of interest, conversion of local currency, payroll tax, withholding procedures and handling of stock certificates which vary with local requirements. In its absolute discretion, the Board may at any time
            and from time to time exercise any and all rights and duties of the Administrator under the Plan.

             (d) The Administrator may adopt sub-plans applicable to particular Designated Subsidiaries or
            locations, which sub-plans may be designed to be outside the scope of Section 423 of the Code. The rules of such sub-plans may take precedence over other provisions of this Plan, with the exception of Section 5.1 hereof, but unless otherwise
            superseded by the terms of such sub-plan, the provisions of this Plan shall govern the operation of such sub-plan.

             (e) All expenses and liabilities incurred by the Administrator in connection with the administration
            of the Plan shall be borne by the Company. The Administrator may, with the approval of the Committee, employ attorneys, consultants, accountants, appraisers, brokers or other persons. The Administrator, the Company and its officers and
            directors shall be entitled to rely upon the advice, opinions or valuations of any such persons. All actions taken and all interpretations and determinations made by the Administrator in good faith shall be final and binding upon all
            Participants, the Company and all other interested persons. No member of the Board or Administrator shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or the options, and all
            members of the Board or Administrator shall be fully protected by the Company in respect to any such action, determination, or interpretation. 

          7.2 Designation of Subsidiary Corporations. The Board or Administrator shall designate from time
            to time the Subsidiaries that shall constitute Designated Subsidiaries, and determine whether such Designated Subsidiaries shall participate in the Section 423 Component or Non-Section 423 Component. The Board or Administrator may designate a
            Subsidiary, or terminate the designation of a Subsidiary, without the approval of the stockholders of the Company.

          7.3 Reports. Individual accounts shall be maintained for each Participant in the Plan. Statements
            of Plan Accounts shall be given to Participants at least annually, which statements shall set forth the amounts of payroll deductions, the Option Price, the number of shares purchased and the remaining cash balance, if any.

          7.4 No Right to Employment. Nothing in the Plan shall be construed to give any person (including
            any Participant) the right to remain in the employ of the Company, a Parent or a Subsidiary or to affect the right of the Company, any Parent or any Subsidiary to terminate the employment of any person (including any Participant) at any time,
            with or without cause, which right is expressly reserved.

          7.5 Amendment and Termination of the Plan.

             (a) The Board may, in its sole discretion, amend, suspend or terminate the Plan at any time and from
            time to time. To the extent necessary to comply with Section 423 of the Code (or any successor rule or provision), with respect to the Section 423 Component, or any other applicable law, regulation or stock exchange rule, the Company shall
            obtain stockholder approval of any such amendment to the Plan in such a manner and to such a degree as required by Section 423 of the Code or such other law, regulation or rule.

             (b) If the Administrator determines that the ongoing operation of the Plan may result in unfavorable
            financial accounting consequences, the Administrator may in its discretion modify or amend the Plan to reduce or eliminate such accounting consequence. Such modifications or amendments shall not require stockholder approval or the consent of
            any Participant.

             (c) Upon termination of the Plan, the balance in each Participant’s Plan Account shall be refunded as
            soon as practicable after such termination, without any interest thereon.

        

      

      
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          7.6 Use of Funds; No Interest Paid. All funds received by the Company by reason of purchase of
            shares of Common Stock under the Plan shall be included in the general funds of the Company free of any trust or other restriction and may be used for any corporate purpose. No interest shall be paid to any Participant or credited under the
            Plan.

          7.7 Term; Approval by Stockholders. No Option may be granted during any period of suspension of
            the Plan or after termination of the Plan. The Plan shall be submitted for the approval of the Company’s stockholders within 12 months after the date of the Board’s initial adoption of the Plan. Options may be granted prior to such stockholder
            approval; provided, however, that such Options shall not be exercisable prior to the time when the Plan is approved by the stockholders; provided, further that if such approval has not been obtained by the end of the 12-month period, all Options previously granted under the Plan shall thereupon
            terminate and be canceled and become null and void without being exercised.

          7.8 Effect Upon Other Plans. The adoption of the Plan shall not affect any other compensation or
            incentive plans in effect for the Company, any Parent or any Subsidiary. Nothing in the Plan shall be construed to limit the right of the Company, any Parent or any Subsidiary (a) to establish any other forms of incentives or compensation for
            Employees of the Company or any Parent or any Subsidiary, or (b) to grant or assume Options otherwise than under the Plan in connection with any proper corporate purpose, including, but not by way of limitation, the grant or assumption of
            options in connection with the acquisition, by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, firm or association.

          7.9 Conformity to Securities Laws. Notwithstanding any other provision of the Plan, the Plan and
            the participation in the Plan by any individual who is then subject to Section 16 of the Exchange Act shall be subject to any additional limitations set forth in any applicable exemption rule under Section 16 of the Exchange Act (including any
            amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, the Plan shall be deemed amended to the extent necessary to conform to such applicable
            exemptive rule. 

          7.10 Notice of Disposition of Shares. Each Participant shall give the Company prompt notice of
            any disposition or other transfer of any shares of Common Stock, acquired pursuant to the exercise of an Option granted under the Section 423 Component, if such disposition or transfer is made (a) within two years after the applicable Grant
            Date or (b) within one year after the transfer of such shares of Common Stock to such Participant upon exercise of such Option. The Company may direct that any certificates evidencing shares acquired pursuant to the Plan refer to such
            requirement.

          7.11 Tax Withholding. The Company or any Parent or any Subsidiary shall be entitled to require
            payment in cash or deduction from other compensation payable to each Participant of any sums required by federal, state or local tax law to be withheld with respect to any purchase of shares of Common Stock under the Plan or any sale of such
            shares.

          7.12 Governing Law. The Plan and all rights and obligations thereunder shall be construed and
            enforced in accordance with the laws of the State of Delaware, without regard to the conflict of law rules thereof or of any other jurisdiction.

          7.13 Notices. All notices or other communications by a Participant to the Company under or in
            connection with the Plan shall be deemed to have been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 

          7.14 Conditions To Issuance of Shares. 

             (a) Notwithstanding anything herein to the contrary, the Company shall not be required to issue or
            deliver any certificates or make any book entries evidencing shares of Common Stock pursuant to the exercise of an Option by a Participant, unless and until the Board or the Committee has determined, with advice of counsel, that the issuance of
            such shares of Common Stock is in compliance with all applicable laws, regulations of governmental authorities and, if applicable, the requirements of any securities exchange or automated quotation system on which the shares of Common Stock are
            listed or traded, and the shares of Common Stock are covered by an effective registration statement or applicable exemption from registration. In addition to the terms and conditions provided herein, the Board or the Committee may require that
            a Participant make such reasonable covenants, agreements, and representations as the Board or the Committee, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements.

        

      

      
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             (b) All certificates for shares of Common Stock delivered pursuant to the Plan and all shares of
            Common Stock issued pursuant to book entry procedures are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with federal, state, or foreign securities or other laws, rules and
            regulations and the rules of any securities exchange or automated quotation system on which the shares of Common Stock are listed, quoted, or traded. The Committee may place legends on any certificate or book entry evidencing shares of Common
            Stock to reference restrictions applicable to the shares of Common Stock.

             (c) The Committee shall have the right to require any Participant to comply with any timing or other
            restrictions with respect to the settlement, distribution or exercise of any Option, including a window-period limitation, as may be imposed in the sole discretion of the Committee.

             (d) Notwithstanding any other provision of the Plan, unless otherwise determined by the Committee or
            required by any applicable law, rule or regulation, the Company may, in lieu of delivering to any Participant certificates evidencing shares of Common Stock issued in connection with any Option, record the issuance of shares of Common Stock in
            the books of the Company (or, as applicable, its transfer agent or stock plan administrator).

          7.15 Equal Rights and Privileges. All Eligible Employees of the Company (or of any Designated
            Subsidiary) granted Options pursuant to an Offering under the Section 423 Component shall have equal rights and privileges under this Plan to the extent required under Section 423 of the Code so that the Section 423 Component qualifies as an
            “employee stock purchase plan” within the meaning of Section 423 of the Code. Any provision of the Section 423 Component that is inconsistent with Section 423 of the Code shall, without further act or amendment by the Company or the Board, be
            reformed to comply with the equal rights and privileges requirement of Section 423 of the Code. Eligible Employees participating in the Non-Section 423 Component need not have the same rights and privileges as Eligible Employees participating
            in the Section 423 Component. 

          7.16 Rules Particular to Specific Countries. Notwithstanding anything herein to the contrary, the
            terms and conditions of the Plan with respect to Participants who are tax residents of a particular non-U.S. country or who are foreign nationals or employed in non-U.S. jurisdictions may be subject to an addendum to the Plan in the form of an
            appendix or sub-plan (which appendix or sub-plan may be designed to govern Offerings under the Section 423 Component or the Non-Section 423 Component, as determined by the Administrator). To the extent that the terms and conditions set forth in
            an appendix or sub-plan conflict with any provisions of the Plan, the provisions of the appendix or sub-plan shall govern. The adoption of any such appendix or sub-plan shall be pursuant to Section 7.1 above. Without limiting the foregoing, the
            Administrator is specifically authorized to adopt rules and procedures, with respect to Participants who are foreign nationals or employed in non-U.S. jurisdictions, regarding the exclusion of particular Subsidiaries from participation in the
            Plan, eligibility to participate, the definition of Compensation, handling of payroll deductions or other contributions by Participants, payment of interest, conversion of local currency, data privacy security, payroll tax, withholding
            procedures, establishment of bank or trust accounts to hold payroll deductions or contributions.

          7.17 Section 409A. The Section 423 Component of the Plan and the Options granted pursuant to
            Offerings thereunder are intended to be exempt from the application of Section 409A. Neither the Non-Section 423 Component nor any Option granted pursuant to an Offering thereunder is intended to constitute or provide for “nonqualified deferred
            compensation” within the meaning of Section 409A. Notwithstanding any provision of the Plan to the contrary, if the Administrator determines that any Option granted under the Plan may be or become subject to Section 409A or that any provision
            of the Plan may cause an Option granted under the Plan to be or become subject to Section 409A, the Administrator may adopt such amendments to the Plan and/or adopt other policies and procedures (including amendments, policies and procedures
            with retroactive effect), or take any other actions as the Administrator determines are necessary or appropriate to avoid the imposition of taxes under Section 409A, either through compliance with the requirements of Section 409A or with an
            available exemption therefrom.

          * * * * *

        

      

      
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          I hereby certify that the foregoing Plan was adopted by the Board of Directors of Owlet, Inc. on February 12, 2021.

          I hereby certify that the foregoing Plan was approved by the stockholders of Owlet, Inc. on February 16, 2021.

          Executed on July 15, 2021.

          	
                   

                	​	​	
                   /s/ Jacob Briem

                  

                
	
                   

                	​	​	
                  Corporate Secretary

                

        

      

      
        E-12Exhibit 10.8

          

           

          

          STOCKHOLDERS AGREEMENT

          This Stockholders Agreement (as the same may be amended, supplemented, amended and restated or otherwise
            modified from time to time in accordance with the terms hereof, this “Agreement”) is made and entered into effective as of July 15, 2021 by and among Owlet, Inc., a Delaware corporation (the “Company”), Eclipse Ventures Fund I, L.P. and Eclipse Continuity Fund I, L.P. (together with their respective Affiliates, “Eclipse”). The Company and Eclipse are
            sometimes referred to herein collectively as the “Parties” and individually as a “Party.”

          RECITALS

          WHEREAS, the Company and Owlet Baby Care Inc., a
              Delaware corporation (“Legacy Owlet”), are party to that certain Business Combination Agreement, dated as of February 15, 2021 (as it may be amended, supplemented, amended and restated or otherwise modified from time to time, the “Business Combination Agreement”), by and among the Company, Project Olympus Merger Sub,
              Inc. (“Merger Sub”) and Legacy Owlet, pursuant to which, subject to the terms and conditions set forth therein, Merger Sub will merge with and into Legacy Owlet (the “Merger”), with Legacy Owlet surviving the Merger as a wholly owned subsidiary of the Company;

          WHEREAS, capitalized terms used but not otherwise
              defined in this Agreement shall have the meanings ascribed to them in the Business Combination Agreement; and

          WHEREAS, pursuant to the Business Combination
              Agreement, the Parties are entering into this Agreement to set forth certain understandings between the Parties with respect to certain governance and other matters of the Company.

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

          DEFINITIONS AND CONSTRUCTION

          Section 1.01 Definitions. In addition to
              the terms defined elsewhere herein, the following terms have the following meanings when used herein with initial capital letters:

          “Affiliate” has the meaning set forth in Rule 12b-2 promulgated
            under the Exchange Act, as in effect on the date hereof.

          “Agreement” has the meaning set forth in the Preamble hereto.

          “Beneficially Own” has the meaning set forth in Rule 13d-3
            promulgated under the Exchange Act.

          “Board” means the board of directors of the Company.

          “Business Combination Agreement” has the meaning set forth in
            the Recitals hereto.

          “Bylaws” means the Amended and Restated Bylaws of the Company,
            as amended or amended and restated from time to time.

          “Certificate of Incorporation” means the Amended and Restated
            Certificate of Incorporation of the Company, as amended, restated and/or amended and restated from time to time.

          “Closing” has the meaning set forth in the Business Combination
            Agreement.

          “Common Stock” means the Company’s Class A common stock, with a
            par value of $0.0001 per share.

          “Company” has the meaning set forth in the Recitals hereto.

          “Company Stockholders Meeting” means an annual meeting or
            special meeting of the stockholders of the Company, in each case, including any adjournment or postponement thereof, at which Directors are to be elected to the Board.

          “control” (including its correlative meanings, “controlled by” and “under common control with”) has the meaning set forth in the Business Combination Agreement.

          “Director” means any member of the Board.

        

      

      
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          “Eclipse Director” has the meaning set forth in Section
              2.01(a).

          “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.

          “Governmental Authority” has the meaning set forth in the
            Business Combination Agreement.

          “Law” has the meaning set forth in the Business Combination
            Agreement.

          “Legacy Owlet” has
            the meaning set forth in the Preamble hereto.

          “Merger” has the meaning set forth in the Recitals hereto.

          “Merger Sub” has the meaning set forth in the Recitals hereto.

          “Necessary Action” means, with respect to any party and a
            specified result, all actions (to the extent such actions are not prohibited by applicable law, within such party’s control and do not directly conflict with any rights expressly granted to such party in this Agreement, the Business Combination
            Agreement, the Registration Rights Agreement, the Certificate of Incorporation or the Bylaws) reasonably necessary and desirable within its control to cause such result.

          “Non-Recourse Party”
            has the meaning set forth in Section 4.15.

          “NYSE” means the New York Stock Exchange.

          “Parties” or “Party” has
            the meaning set forth in the Preamble hereto.

          “Person” has the meaning set forth in the Business Combination
            Agreement.

          “Proceeding” has the meaning set forth in the Business
            Combination Agreement.

          “Representative” has the meaning set forth in the Business
            Combination Agreement.

          “Shares” means shares of Common Stock, or any securities of the
            Company into which such shares of Common Stock are converted or reclassified or for which such shares of Common Stock are exchanged.

          “Subsidiary” means, with respect to any Person, any corporation,
            limited liability company, partnership, association or other business entity of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote
            generally in the election of directors (or similar fiduciaries) is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; or (ii) if a limited
            liability company, partnership, association or other business entity, a majority of the total voting power of limited liability company interests, partnership interests, stock or equivalent ownership interest of the limited liability company,
            partnership, association or other business entity is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be
            deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of the limited liability company, partnership, association or
            other business entity gains or losses or shall be or control the managing member, managing director or other governing body or general partner of such limited liability company, partnership, association or other business entity.

          “Transaction” has the meaning set forth in the Business
            Combination Agreement.

          Section 1.02 Rules of Construction. For all
              purposes of this Agreement, except as otherwise provided in this Agreement or unless the context otherwise requires:

          the meanings of defined terms are applicable to the singular as well as the plural forms of such terms;

          the words “hereof”, “herein”, “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;

          references in this Agreement to any Law shall be deemed also to refer to such Law, and all rules and
            regulations promulgated thereunder;

          whenever the words “include”, “includes” or “including” are used in this Agreement, they shall mean
            “without limitation”;

        

      

      
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          the captions and headings of this Agreement are for convenience of reference only and shall not
            affect the interpretation of this Agreement;

          pronouns of any gender or neuter shall include, as appropriate, the other pronoun forms; and

          all references to “or” shall be construed in the inclusive sense of “and/or.”

          CORPORATE GOVERNANCE MATTERS

          Section 2.01 Nomination Rights of Eclipse.
              The Company and Eclipse hereby agree that, subject to the rules of the NYSE, from and after the Closing and until such time as Eclipse Beneficially Owns less than 10.0% of the outstanding Common Stock:

          (a) Eclipse shall be entitled to nominate one individual (the “Eclipse
              Director”) for election as a Class III Director at the applicable Company Stockholders Meeting by written notice to the Company given (i) in the case of an annual meeting of the stockholders of the Company, no less than ninety (90)
            days prior to the one-year anniversary of the preceding year’s annual meeting (provided, however, that, if no annual meeting of the Company’s stockholders was held in the preceding year, not later than the ninetieth (90th) day prior to such
            annual meeting or, if later, the tenth (10th) day following the day on which public disclosure (as defined in the Bylaws) was first made by the Company; provided, further, that if the date of the annual meeting of the stockholders of the
            Company is more than thirty (30) days before or more than sixty (60) days after such anniversary date, not later than the ninetieth (90th) day prior to such annual meeting or, if later, the tenth (10th) day following the day on which public
            disclosure of the date of such annual meeting was first made by the Company) and (ii) in the case of a special meeting of the stockholders of the Company, not less than the later of ninety (90) days prior to such special meeting or the tenth
            (10th) day following the day on which public disclosure of the date of such special meeting was first made by the Company, which such notice shall include all information relating to such Eclipse Director that is required to be disclosed in a
            proxy statement or other filings required to be made in connection with solicitations of proxies for election of directors in a contested election pursuant to Section 14(a) of the Exchange Act (including such Eclipse Director’s written consent
            to being named in the proxy statement as a nominee and to serving as a director if elected);

          (b) if Eclipse nominates an Eclipse Director for election as provided in Section 2.01(a), the
            Company shall (i) include such Eclipse Director as a nominee for election as a Director at the applicable Company Stockholders Meeting in its proxy solicitation materials (including any form of proxy it distributes), (ii) recommend to the
            Company’s stockholders that such Eclipse Director be elected as a Director at such Company Stockholders Meeting and (iii) take all Necessary Action to cause to be elected and/or maintained in office as a member of the Board the Eclipse
            Director; and

          (c)  the Company shall not take, directly or indirectly, any actions that would knowingly frustrate,
            obstruct or otherwise affect the provisions of this Agreement and the intention of the parties hereto with respect to Eclipse’s right to nominate the Eclipse Director for election as provided in Section 2.01(a).

          For the avoidance of doubt, (i) Eclipse’s right to nominate an Eclipse Director as a Director under this
            Section 2.01 (A) shall not be transferable and (B) shall not be subject to any requirement other than as provided in this Section 2.01 that Eclipse provide advance notice of, or comply with any other procedures governing, the nomination
            of individuals for election to the Board as provided in the Bylaws, and (ii) Eclipse shall not be required to comply with the notice provisions of Section 2.01(a) with respect to an election of Directors at any Company Stockholders
            Meeting if the Board or any committee thereof shall have nominated the Eclipse Director for election as a Director without regard to the provisions of this Section 2.01.

          Section 2.02 Vacancy. Eclipse and the
              Company hereby agree that (i) for so long as Eclipse shall be entitled to nominate a director pursuant to Section 2.01, Eclipse shall have the exclusive right to remove the Eclipse Director and to designate a replacement Eclipse Director for election to the Board to fill a vacancy be reason of death, resignation, disqualification or removal of the Eclipse Director and (ii) the Company shall take all Necessary Action to cause any vacancies with respect
              to an Eclipse Director to be filled by the replacement Eclipse Director as promptly as reasonably practicable.

          Section 2.03 Chairperson of the Board. Lior
              Susan shall serve as Chairperson of the Board until such time as the Board elects a successor Chairperson in accordance with the Bylaws.

        

      

      
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          Section 2.04 Classified Board. The
              Company represents and warrants that immediately prior to the execution and delivery hereof the Board is divided into three classes, with the Directors serving staggered three-year terms as follows:

          (a) Class I Directors, whose initial terms continue through the 2022 annual meeting of the stockholders
            of the Company;

          (b) Class II Directors, whose initial terms continue through the 2023 annual meeting of the
            stockholders of the Company; and

          (c)  Class III Directors, whose initial terms continue through the 2024 annual meeting of the
            stockholders of the Company and include the Eclipse Director.

          Section 2.05 Indemnification and D&O Insurance. As promptly as reasonably practicable following the Closing, the Company shall enter into an indemnification agreement with each Director, each on substantially the same terms entered into with, and based on the same customary and reasonable form provided to, the other Directors. To the fullest extent permitted by applicable Law, the
              Company shall not amend, alter or repeal any right to indemnification, advancement of expenses or exculpation benefiting any Director nominated pursuant to this
              Agreement, as and to the extent consistent with applicable Law, contained in the Company’s Certificate of Incorporation or Bylaws (except to the extent such amendment or alteration permits the
              Company to provide broader rights to indemnification, advancement of expenses or exculpation). The Company shall (a) purchase directors’ and officers’
              liability insurance in an amount determined by the Board to be reasonable and customary and (b) for so long as a Director nominated pursuant to this Article
                II serves as a Director of the Company, maintain such coverage with respect to such Director and shall take all actions necessary to extend such
              coverage for a period of not less than six years from any removal or resignation of such Director, in respect of any act or omission occurring at or prior
              to such event.

          Section 2.06 Reimbursement of Expenses. The
              Company shall reimburse the Directors for all reasonable and documented out-of-pocket expenses incurred in connection with their attendance at meetings of the Board and any committees thereof, including travel, lodging and meal expenses.

          REPRESENTATIONS AND WARRANTIES OF ECLIPSE

          Eclipse on its own behalf hereby represents and warrants to the Company as of the date of this
            Agreement, as follows:

          Section 3.01 Organization; Authority.

          (a)  Eclipse (1) is duly formed, duly organized, validly existing and in good standing under the Laws
            of the jurisdiction of its organization and (2) has all requisite corporate or other entity power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby
            and the execution and delivery by Eclipse of this Agreement, the performance and compliance by Eclipse with each of its obligations herein and the consummation by Eclipse of the transactions contemplated hereby have been duly authorized by all
            necessary corporate or other entity action on the part of Eclipse.

          (b)  This Agreement constitutes a valid and binding obligation of Eclipse enforceable in accordance
            with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally and by general principles of equity (regardless of whether considered in
            a proceeding in equity or at Law).

          Section 3.02 No Consent. Except as provided
              in this Agreement, no consent, approval or authorization of, or designation, declaration or filing with, any Governmental Authority or other Person on the part of Eclipse is required in connection with the execution, delivery and performance of this Agreement, except where the failure to obtain such consents, approvals, authorizations or to
              make such designations, declarations or filings would not materially interfere with Eclipse’s ability to perform his or its obligations under to this Agreement.

          Section 3.03 No Conflicts; Litigation.
              Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance with the terms hereof, will, (a) if Eclipse is a legal entity, conflict with or violate any provision of the organizational documents of Eclipse or (b) violate, conflict with or result in a breach of, or constitute
              a default (with or without notice or lapse of time or both) 

        

      

      
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          under any provision of, any trust agreement, loan or credit agreement, note, bond, mortgage, indenture, lease or other
            agreement, instrument, permit, concession, franchise, license, judgment, order, notice, decree, statute, law, ordinance, rule or regulation applicable to Eclipse or to Eclipse’s property or assets, except, in the case of this clause (b),
            that would not reasonably be expected to impair, individually or in the aggregate, Eclipse’s ability to fulfill its obligations under this Agreement. As of the date of this Agreement, there is no Proceeding pending or, to the knowledge of
            Eclipse, threatened, against Eclipse or any of Eclipse’s Affiliates or any of their respective assets or properties that would materially interfere with Eclipse’s ability to perform his or its obligations under this Agreement or that would
            reasonably be expected to prevent, enjoin, alter or delay any of the transactions contemplated by this Agreement.

          GENERAL PROVISIONS

          Section 4.01 Effectiveness; Termination.
              Notwithstanding anything to the contrary contained herein, but subject to the early termination of any provision as a result of an amendment to this Agreement agreed to by the Parties as provided under Section 4.04, this Agreement (other than Section 2.01 (which, for the avoidance of doubt, shall terminate as provided therein), Section 2.02 (which shall survive until the Eclipse’s rights pursuant to Section 2.01 terminate as provided therein), the last sentence of Section 2.05 (which, for the avoidance of doubt, shall terminate as provided therein) and this Article IV)
              shall terminate at such time at which all of the members of the initial Board shall cease to serve as directors.

          Section 4.02 No Agreement as Director or Officer. Eclipse is signing this Agreement solely in its capacity as a stockholder of the Company.

          Section 4.03 Notices. All notices,
              requests, claims, demands and other communications under this Agreement shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by email or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at
              such other address for a Party as shall be specified in a notice given in accordance with this Section 4.03):

           

          	
                  If to the Company, to:

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  Owlet Inc.

                
	
                   

                	​	​	
                  2500 Executive Parkway, Suite 500

                
	
                   

                	​	​	
                  Lehi, Utah 84043

                
	
                   

                	​	​	
                  Attn: 

                	​	​	
                  Mike Abbott

                  

                  Jake Briem

                
	
                   

                	​	​	
                  Email: 

                	​	​	
                  mabbott@owletcare.com

                  

                  jbriem@owletcare.com

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                  with copies (which shall not constitute notice) to:

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  Latham & Watkins LLP

                
	
                   

                	​	​	
                  811 Main Street, Suite 3700

                
	
                   

                	​	​	
                  Houston, TX 77002

                
	
                   

                	​	​	
                  Attn: 

                	​	​	
                  Ryan J. Maierson

                  

                  Benjamin A. Potter

                
	
                   

                	​	​	
                  Email: 

                	​	​	
                  Ryan.Maierson@lw.com

                  

                  Benjamin.Potter@lw.com

                

          If to Eclipse, to such address set forth on Eclipse’s signature page or to such other address or
            addresses as Eclipse may from time to time designate in writing to the Company.

          Any Party may change its address for notice at any time and from time to time by written notice to the
            other Parties, and such change of address shall become effective thirty (30) days after delivery of such notice as provided in this Section 4.03.

        

      

      
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          Section 4.04 Amendment; Waiver.

          This Agreement may be amended or modified only by a written agreement executed and delivered by the
            Company and Eclipse. Any purported amendment by any Party or Parties effected in a manner which does not comply with this Section 4.04 shall be void, ab initio.

          Except as expressly set forth in this Agreement, neither the failure nor delay on the part of any Party
            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.

          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.

          Any Party may unilaterally waive any of its rights hereunder in a signed writing delivered to the
            Company.

          Section 4.05 Further Assurances. To the
              fullest extent permitted by Law, Eclipse agrees to sign such further documents, cause such meetings to be held, resolutions passed and do and perform and cause to be done such further acts and things reasonably necessary 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, Eclipse being deprived of the rights contemplated by this Agreement.

          Section 4.06 Parties in Interest. This
              Agreement shall be binding upon and inure solely to the benefit of each Party, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement, other than Section 4.15.

          Section 4.07 Governing Law. 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.

          Section 4.08 Waiver of Jury Trial. THE
              PARTIES 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
              (A) ARISING UNDER THIS AGREEMENT OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES IN RESPECT OF THIS AGREEMENT OR
              ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. THE
              PARTIES 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 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 4.08.

          Section 4.09 Submission to Jurisdiction.
              Each of the Parties irrevocably and unconditionally submits to the exclusive jurisdiction of the Chancery Court of the State of Delaware for the purposes of any Proceeding, 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 in
              respect of this Agreement or any of the transactions 

        

      

      
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          contemplated hereby, 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 in respect of this Agreement or any of the transactions contemplated hereby, (A) any claim that such Party is not personally subject to the jurisdiction of the courts as
            described in this Section 4.09 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 as provided in Section 4.03 shall be effective service of process for any such Proceeding, claim, demand,
            action or cause of action.

          Section 4.10 Specific Performance. The
              Parties acknowledge and agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof. Eclipse agrees with the Company (and only with the Company) that, in the event of any breach or threatened breach by any other Party of any covenant or obligation contained in this
              Agreement, the Company shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement or to enforce specifically the performance of the terms and provisions hereof in the Court of Chancery of the State of Delaware or, if that court does not have jurisdiction, any federal court located in the State of Delaware or any other
              Delaware state court without proof of actual damages or otherwise, in addition to any other remedy to which they are entitled at Law or in equity as expressly
              permitted in this Agreement. Eclipse agrees, severally and not jointly, with the Company (and only with the Company) that, in the event of any breach or threatened breach by the other Party of
              Section 2.01 of this Agreement, Eclipse or the Company, as the case may be, shall be entitled to seek an injunction or injunctions to prevent such breach or
              to enforce specifically the performance of the terms and provisions of Section 2.01 of this Agreement in the Court of Chancery of the State of Delaware or, if that court does not have jurisdiction, any federal court located in the State of Delaware or any other Delaware state court without proof of actual damages or otherwise, in addition to any other
              remedy to which such Party is entitled at Law or in equity as expressly permitted in this Agreement. Eclipse hereby further agrees with the Company (and only with the Company) to waive (a) any defense in any action for specific performance that a remedy at Law would be adequate and (b) any requirement under any Law to post security or
              a bond as a prerequisite to obtaining equitable relief.

          Section 4.11 Entire Agreement; Assignment.
              This Agreement constitutes the entire agreement among the Parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, among the Parties with respect to the subject matter hereof. This Agreement may not be assigned by any Party (whether by operation of law or
              otherwise) without the prior written consent of the other Parties hereto. Any attempted assignment of this Agreement not in accordance with the terms of this Section 4.11 shall be void

          Section 4.12 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 shall negotiate in good faith to modify this Agreement so as to effect
              the original intent of the Parties 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.

          Section 4.13 Headings. The descriptive
              headings contained in this Agreement are included for convenience of reference only and shall not affect in any way the meaning or interpretation of this Agreement.

        

      

      
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          Section 4.14 Counterparts. This
              Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission) in one or more counterparts, and by the different Parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

          Section 4.15 No Recourse. This Agreement
              may only be enforced against, and any claim or cause of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, the transactions contemplated hereby or the subject matter hereof may only be made against the Parties and no past, present or future Affiliate, director,
              officer, employee, incorporator, member, manager, partner, shareholder, agent, attorney or representative of any Party or any past, present or future
              Affiliate, director, officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability arising out of or relating to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby. Without limiting the rights of any Party against the other Parties, in no event shall any Party or any of its Affiliates seek to enforce this Agreement against,
              make any claims for breach of this Agreement against, or seek to recover monetary damages from, any Non–Recourse Party.

          [Signature Pages Follow.]

        

      

      
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          IN WITNESS WHEREOF, the Parties have executed this Agreement on the day and year first above written.

          	
                   

                	​	​	
                  COMPANY:

                
	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  OWLET, INC.

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  By: 

                	​	​	
                   /s/ Kurt Workman

                  

                
	
                   

                	​	​	
                  Name:

                	​	​	
                   Kurt Workman

                
	
                   

                	​	​	
                  Title: 

                	​	​	
                   CEO

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  ECLIPSE: 

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  ECLIPSE VENTURES FUND I, L.P. 

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  By: 

                	​	​	
                   /s/ Lior Susan

                  

                
	
                   

                	​	​	
                  Name:

                	​	​	
                   Lior Susan

                  

                
	
                   

                	​	​	
                  Title: 

                	​	​	
                   GP

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  ADDRESS:

                	​	​	
                   

                
	
                   

                	​	​	
                   514 High Street, Suite 4

                  

                
	
                   

                	​	​	
                   Palo Alto, CA 94301

                  

                
	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  ECLIPSE CONTINUITY FUND I, L.P. 

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  By: 

                	​	​	
                   /s/ Lior Susan

                  

                
	
                   

                	​	​	
                  Name:

                	​	​	
                   Lior Susan

                  

                
	
                   

                	​	​	
                  Title: 

                	​	​	
                   GP

                
	
                   

                	​	​	
                   

                	​	​	
                   

                
	
                   

                	​	​	
                  ADDRESS:

                	​	​	
                   

                
	
                   

                	​	​	
                   514 High Street, Suite 4

                  

                
	
                   

                	​	​	
                   Palo Alto, CA 94301

                  

                
	
                   

                	​	​	
                   

                

        

      

      
        A-126

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