Exhibit 4.4
PRIVATE WARRANT AGREEMENT
HORIZON ACQUISITION CORPORATION
and
CONTINENTAL STOCK TRANSFER & TRUST COMPANY
Dated [●], 2021
THIS WARRANT AGREEMENT (this “Agreement”), dated [●], 2021, is by and between Horizon Acquisition Corporation, a Cayman Islands exempted company (the “Company”), and Continental Stock Transfer & Trust Company, a New York limited purpose trust company, as warrant agent (in such capacity, the “Warrant Agent”).
WHEREAS, pursuant to that certain Transaction Agreement, dated as of April 21, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “Transaction Agreement”) by and among the Company, Horizon Sponsor, LLC, a Delaware limited liability company (“Sponsor”), Hoya Topco, LLC, a Delaware limited liability company, Hoya Intermediate, LLC, a Delaware limited liability company (“Intermediate”), and Vivid Seats, Inc., a Delaware corporation (“VS PubCo”), which is a direct wholly owned subsidiary of Intermediate, among other things, the Company will merge with and into VS PubCo (the “Merger”), the separate corporate existence of the Company will cease and VS PubCo will become the surviving corporation of the Merger (hereinafter referred to for the periods at and after the effective time of the Merger as the “Surviving Corporation”);
WHEREAS, pursuant to that certain Exchange Agreement, dated as of April 21, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “Exchange Agreement”), between Sponsor and the Company, effective at least one day prior to the Merger, Sponsor agreed to irrevocably sell, assign, transfer and tender to the Company 13,599,608 Class B ordinary shares of the Company, par value $0.0001 per share (the “Class B Ordinary Shares”), then held by Sponsor for cancellation in exchange for (i) warrants to purchase 17,000,000 shares of Class A ordinary shares of the Company, par value $0.0001 per share (the “Ordinary Shares”) at an exercise price of $10.00 per share (the “Warrants”), (ii) warrants to purchase 17,000,000 shares of Ordinary Shares at an exercise price of $15.00 per share, and (iii) 50,000 Ordinary Shares, in the case of each of clauses (i), (ii) and (iii), newly issued by the Company;
WHEREAS, upon the effective time of the Merger, each Ordinary Share and Class B Ordinary Share, if any, will be converted into one share of Class A common stock of the Surviving Corporation, par value $0.0001 per share (“Class A Common Stock”), as set forth in the Transaction Agreement, and each warrant of the Company that is issued and outstanding immediately prior to the effective time of the Merger will become a warrant of the Surviving Corporation exercisable for Class A Common Stock in accordance with the terms of the applicable warrant agreement;
WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants;
WHEREAS, the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent and the holders of the Warrants; and
WHEREAS, all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and countersigned by or on behalf of the Warrant Agent (if a physical certificate is issued), as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement.