Exhibit 10.2


 


Execution
Version


 


BRIGHT HEALTH INC.


 


SECOND AMENDED AND RESTATED REGISTRATION RIGHTS
AGREEMENT


 


November 15, 2018


 






    


     


    

 


SECOND AMENDED AND RESTATED REGISTRATION RIGHTS
AGREEMENT


 


This SECOND AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT, dated as of November 15, 2018 (the “Agreement”) is entered into
by and among Bright Health Inc., a Delaware corporation (the “Corporation”), the Holders (as herein
defined) and the FF Beneficial Investor (as defined herein).


 


WHEREAS,
each Holder owns or has the right to purchase or otherwise acquire shares of the Common Stock (as hereinafter defined) of the Corporation.
The Corporation and each Holder deem it to be in their respective best interests to set forth their rights in connection with public offerings
and sales of the Common Stock and are entering into this Agreement as a condition to and in connection with certain Holders entering into
the Securities Purchase Agreement (as herein defined); and


 


WHEREAS,
the Corporation and certain of the Holders are party to a Registration Rights Agreement, dated as of March 26, 2016 (the “Original
Agreement”);


 


WHEREAS,
the Corporation and such Holders amended and restated the Original Agreement by entering into an Amended and Restated Registration Rights
Agreement, dated May 31, 2017 (the “Restated Agreement”), and now desire to amend and restate the Restated
Agreement in its entirety.


 


NOW,
THEREFORE, in consideration of the premises and mutual covenants and obligations hereinafter set forth, the Corporation and
each Holder hereby agree as follows:


 


Section 1.               Definitions.
As used in this Agreement, the following terms shall have the following meanings:


 


“Affiliate”
means, (a) with respect to any Person, any (i) director, officer, limited or general partner, member or stockholder holding
50% or more of the outstanding capital stock or other equity interests of such Person, (ii) any spouse, parent, sibling or descendant
of such Person (or a spouse, parent, sibling or descendant of a Person specified in clause (i) above relating to such Person) and
(iii) other Person that, directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common
control with, such Person and (b) with respect to the FF Investor and the FF Beneficial Investor, includes an FF Permitted Transferee
(as hereinafter defined). The term “control” includes, without limitation, the possession, directly or indirectly, of the
power to direct the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.


 


“Board”
means the Board of Directors of the Corporation.


 


“Charter”
means the Third Amended and Restated Certificate of Incorporation of the Corporation in effect as of the date hereof, as the same may
be amended, modified or supplemented after the date hereof.


 


“Commission”
means the Securities and Exchange Commission or any other agency at the time administering the Securities Act.


 






    


     


    

 


“Common Stock”
has the meaning set forth in the Charter.


 


“Exchange Act”
means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations of the Commission
promulgated thereunder, all as the same shall be in effect from time to time.


 


“Excluded Registration”
means (i) a registration relating to the sale of securities to employees of the Corporation or a subsidiary pursuant to a stock option,
stock purchase, or similar plan; (ii) a registration relating to an SEC Rule 145 transaction; (iii) a registration on any
form that does not include substantially the same information as would be required to be included in a registration statement covering
the sale of the Registrable Shares; or (iv) a registration in which the only Common Stock being registered is Common Stock issuable
upon conversion of debt securities that are also being registered.


 


“FF Beneficial Investor”
means Future Fund Investment Company No.4 Pty Ltd (ACN 134 338 908).


 


“FF Investor”
means The Northern Trust Company (ABN 62 126 279 918), a company incorporated in the State of Illinois in the United States of America,
in its capacity as custodian for the FF Beneficial Investor.


 


“FF Permitted Transferee”
means (i) the Future Fund Board of Guardians; (ii) any person controlling, controlled by, or under common control with, the
Future Fund Board of Guardians; (iii) the trustee of a trust in which all or substantially all of the beneficial interests are held
directly or indirectly by the Future Fund Board of Guardians; (iv) any person controlling, controlled by, or under common control
with, the Future Fund Board of Guardians; or (v) any custodian for any of the foregoing persons listed in (i)-(iv).


 


“FINRA”
means the Financial Industry Regulatory Authority, Inc.


 


“Free Writing Prospectus”
means a free writing prospectus as defined in Rule 405 under the Securities Act.


 


“Holder”
means each holder of Registrable Shares identified on Annex I hereto and includes any successor to, or assignee or transferee
of, any such Person who or which agrees in writing to be treated as a Holder hereunder and to be bound by the terms and comply with all
applicable provisions hereof.


 


“Initial Investors”
means New Enterprise Associates 15, L.P. and Bessemer Venture Partners IX, L.P.


 


“Investor”
has the meaning ascribed to such term in the Stockholders’ Agreement.


 


“Investor Director”
has the meaning ascribed to such term in the Stockholders’ Agreement.


 


“IPO” shall
mean the Corporation’s initial registration of shares of its Common Stock pursuant to a registration statement filed under the Securities
Act.


 






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“Issuer Free Writing
Prospectus” means an issuer free writing prospectus as defined in Rule 133 under the Securities Act.


 


“Other Shares”
means at any time those shares of Common Stock which do not constitute Primary Shares or Registrable Shares hereunder.


 


“Person”
shall be construed in the broadest sense and means and includes a natural person, a partnership, a corporation, an association, a joint
stock company, a limited liability company, a trust, a joint venture, an unincorporated organization and any other entity and any federal,
state, municipal, foreign or other government, governmental department, commission, board, bureau, agency or instrumentality, or any private
or public court or tribunal.


 


“Primary Shares”
means at any time authorized but unissued shares of Common Stock.


 


“Registrable Shares”
means shares of Common Stock held by any Holder and any other securities which by their terms are exercisable or exchangeable for or convertible
into Common Stock which are held by such Holder (including exercised or unexercised warrants for preferred stock or Common Stock or convertible
debt securities). As to any particular Registrable Shares, once issued, such Registrable Shares shall cease to be Registrable Shares upon
the earliest to occur of (i) the date when they have been registered under the Securities Act, the registration statement in connection
therewith has been declared effective and they have been disposed of pursuant to such effective registration statement, (ii) the
date when they, together with all other securities held by any Holder, are eligible to be sold or distributed pursuant to Rule 144
(or another similar exemption) in a single transaction by such Holder without limitation, or (iii) the date when they shall have
ceased to be outstanding.


 


“Registration Date”
means the date upon which the registration statement pursuant to an IPO shall have been declared effective.


 


“Rule 144”
means Rule 144 promulgated under the Securities Act or any successor rule thereto or any complementary rule thereto (such
as Rule 144A).


 


“Securities Act”
means the Securities Act of 1933, as amended, or any successor statute, and the rules and regulations of the Commission thereunder,
all as the same shall be in effect from time to time.


 


“Securities Purchase
Agreement” shall mean that certain Stock Purchase Agreement dated as of the date hereof, by and among the Corporation and the
other parties thereto, as the same may be amended, restated, supplemented, or modified from time to time.


 


“Stockholders’
Agreement” means that certain Second Amended and Restated Stockholders’ Agreement of the Corporation, dated as of the
date hereof, as amended, supplemented or modified from time to time.


 


Section 2.               Required
Registration.


 


(a)            At
any time after one hundred eighty (180) days after the Registration Date, if the Initial Investors shall request that the Corporation
effect the registration under the Securities Act of not less than ten percent (10%) of the aggregate number of Registrable Shares
then outstanding, the Corporation shall promptly use commercially reasonable efforts to effect the registration under the Securities Act
of such Registrable Shares.


 






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(b)            Notwithstanding
anything contained in this Section 2 to the contrary, the Corporation shall not be obligated to effect any registration under
the Securities Act except in accordance with the following provisions:


 


(i)            The
Corporation shall not be obligated to file and cause to become effective more than three (3) registration statements initiated
pursuant to Section 2(a) above on Form S-l promulgated under the Securities Act (or any successor form thereto).


 


(ii)           The
Corporation shall not be obligated to effect, or to take any action to effect, any registration pursuant to Section 2 (A) during
the period that is sixty (60) days before the Corporation’s good faith estimate of the date of filing of, and ending on a date
that is one hundred eighty (180) days after the effective date of, a Corporation- initiated registration, provided that the Corporation
is actively employing in good faith commercially reasonable efforts to cause such registration statement to become effective; or (B) if
the Holders propose to dispose of shares of Registrable Shares that may be immediately registered on Form S-3 pursuant to a request
made pursuant to Section 4.


 


(iii)          The
Board reasonably determines that such registration and offering would (A) interfere with any material transaction involving the Corporation,
(B) require premature disclosure of material information that the Corporation has a bona fide business purpose for preserving as
confidential; or (C) render the Corporation unable to comply with requirements under the Securities Act or Exchange Act, then the
Corporation shall have the right to defer taking action with respect to such filing, and any time periods with respect to filing or effectiveness
thereof shall be tolled correspondingly, for a period of not more than ninety (90) days after the request of the Holders is given;
provided, however, that the Corporation shall only be entitled to invoke its rights under this Section 2(b)(iii) one
time during any 12-month period.


 


(iv)          With
respect to any registration pursuant to this Section 2, the Corporation shall give notice of such registration, in accordance
with the provisions of Section 3 hereunder, to the Holders who do not request registration hereunder (and the FF Beneficial
Investor, if the FF Investor is a Holder and does not request registration) and the Corporation may include in such registration any Primary
Shares or Other Shares; provided, however, that if the managing underwriter advises the Corporation that the inclusion of all Registrable
Shares, Primary Shares and/or Other Shares proposed to be included in such registration would interfere with the successful marketing
(including pricing) of the Registrable Shares proposed to be included in such registration, then the number of Registrable Shares, Primary
Shares and/or Other Shares proposed to be included in such registration shall be included in the following order:


 


(A)            first,
the Registrable Shares held by the Holders (or, if necessary, such Registrable Shares pro rata among the holders thereof based upon the
number of Registrable Shares requested to be registered by each such holder);


 






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(B)            second,
the Primary Shares; and


 


(C)            third,
the Other Shares.


 


(v)           If
the holders of the Registrable Shares requesting to be included in a registration pursuant to Section 2(a) so elect,
the offering of such Registrable Shares pursuant to such registration shall be in the form of an underwritten offering. The holders of
Registrable Shares requesting such registration shall select one or more nationally recognized firms of investment bankers reasonably
acceptable to the Corporation to act as the lead managing underwriter or underwriters in connection with such offering.


 


(vi)          At
any time before the registration statement covering such Registrable Shares becomes effective, the holders of a majority of such shares
may request the Corporation to withdraw or not to file the registration statement. In that event, unless such request of withdrawal was
caused by, or made in response to (A) a material adverse effect or a similar event related to the business, properties, condition,
or operations of the Corporation not known (without imputing the knowledge of any other Person to such holders) by the holders initiating
such request at the time their request was made, (B) due to pricing conditions which in the good faith judgment of the holders requesting
the registration are adverse, or (C) other material facts not known to such holders at the time their request was made, the holders
shall be deemed to have used one of their registration rights under Section 2(a). In addition, in the event that the registration
statement covering such Registrable Shares is not declared effective within one hundred twenty (120) days from the date of first
filing with the Commission, the holders shall not be deemed to have used one of their registration rights pursuant to Section 2(a).


 


Section 3.               Piggyback
Registration. If the Corporation at any time proposes for any reason to register Primary Shares or Other Shares under the Securities
Act (other than an Excluded Registration), it shall give written notice to each Holder and the FF Beneficial Investor of its intention
to so register such Primary Shares or Other Shares at least thirty (30) days before the initial filing of the registration statement
related thereto and, upon the request, delivered to the Corporation within twenty (20) days after delivery of any such notice by
the Corporation, of any Holder to include in such registration Registrable Shares (which request shall specify the number of Registrable
Shares proposed to be included in such registration), the Corporation shall use commercially reasonable efforts to cause all such Registrable
Shares to be included in such registration on the same terms and conditions as the securities otherwise being sold in such registration;
provided, however, that if the managing underwriter advises the Corporation that the inclusion of all Registrable Shares requested
to be included in such registration would interfere with the successful marketing (including pricing) of the Primary Shares or Other Shares
proposed to be registered by the Corporation, then (i) the number of Primary Shares, Registrable Shares and Other Shares proposed
to be included in such registration shall be included in the following order:


 


(i)            first,
the Primary Shares;


 


(ii)           second,
the Registrable Shares held by the Holders (or, if necessary, such Registrable Shares pro rata among the holders thereof based upon the
number of Registrable Shares requested to be registered by each such holder); and


 






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(iii)          third,
the Other Shares;


 


provided,
that in no event shall the managing underwriter include in such registration less than fifty percent (50%) of Registrable Shares
proposed to be included in such registration by the Holders. The Corporation shall have the right to terminate or withdraw any registration
initiated by it under this Section 3 before the effective date of such registration, whether or not any Holder has elected to include
Registrable Shares in such registration.


 


Section 4.               Registrations
on Form S-3. Anything contained in Section 2 to the contrary notwithstanding, at such time as the Corporation shall
have qualified for the use of Form S-3 promulgated under the Securities Act or any successor form thereto, any Holder or Holders
collectively holding at least 20% of the then outstanding Registrable Shares shall have the right to request an unlimited number of registrations
of Registrable Shares on Form S-3 (which may, at such holders’ request, be shelf registrations pursuant to Rule 415 promulgated
under the Securities Act) or its successor form, which request or requests shall (a) specify the number of Registrable Shares intended
to be sold or disposed of and the holders thereof and (b) relate to Registrable Shares having an aggregate offering price of at least
$500,000. The Corporation shall not be obligated to effect, or to take any action to effect, any registration pursuant to this Section 4:
(i) during the period that is sixty (60) days before the Corporation’s good faith estimate of the date of filing of, and
ending on a date that is one hundred eighty (180) days after the effective date of, a Corporation-initiated registration; provided,
that the Corporation is actively employing in good faith reasonable efforts to cause such registration statement to become effective;
(ii) if the Corporation has effected a registration pursuant to this Section 4 within the six (6) month period
immediately preceding the date of such request; or (iii) if the Board reasonably determines that such registration and offering would
interfere with any material transaction involving the Corporation or require premature disclosure of material information that the Corporation
has a bona fide business purpose for preserving as confidential or render the Corporation unable to comply with requirements under the
Securities Act or Exchange Act. A requested registration on Form S-3 (or its successor form) in compliance with this Section 4
shall not count as a registration statement initiated pursuant to Section 2(a) for purposes of the registration request
limitation set forth under Section 2(a), but shall otherwise be treated as a registration initiated pursuant to Section 2(b) and
shall be subject to the provisions thereof (including Section 2(b)(iii)).


 


Section 5.               Holdback
Agreement. In connection with the IPO, each Holder agrees that he, she or it, shall not sell, make any short sale of, loan, grant
any option for the purchase of, or otherwise dispose of, any Registrable Shares (other than transfers to such Holder’s Affiliates)
without the prior written consent of the managing underwriter, for a period (the “Lockup Period”) determined by
the Board (including at least one (1) Investor Director) and designated by the Corporation in writing to the Holders, which
period shall not last more than one hundred eighty (180) days after the consummation of such offering, and to execute an agreement
reflecting the foregoing as may be reasonably requested by the Board (including at least one (1) Investor Director); provided,
that any applicable period shall terminate on such earlier date as the Corporation gives notice to the Holders and the FF Beneficial Investor
that the Corporation will not proceed with the offering; and provided, further, that (a) all executive officers and
directors must agree to a Lockup Period of at least the same duration and on substantially similar terms and (b) all parties subject
to a Lockup Period shall only be released early from their obligations thereunder on a pro rata basis.


 






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Section 6.               Preparation
and Filing.


 


(a)            If
and whenever the Corporation is under an obligation pursuant to the provisions of this Agreement to effect the registration of any Registrable
Shares, the Corporation shall, as expeditiously as practicable:


 


(i)            use
commercially reasonable efforts to cause a registration statement that registers such Registrable Shares to become effective and, upon
the request of the Holders of a majority of the Registrable Shares registered thereunder, keep such registration statement effective for
a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement
has been completed; provided, however, that (a) such one hundred twenty (120) day period shall be extended for a period of time
equal to the period the Holders refrain, at the request of an underwriter of Common Stock (or other securities) of the Corporation, from
selling any securities included in such registration, and (b) in the case of any registration of Registrable Shares on Form S-3
that are intended to be offered on a continuous or delayed basis, subject to compliance with applicable SEC rules, such one hundred twenty (120)
day period shall be extended for up to one hundred eighty (180) days, if necessary, to keep the registration statement effective
until all such Registrable Shares are sold;


 


(ii)           furnish,
as far in advance as possible but in no event less than five (5) business days before filing a registration statement that registers
such Registrable Shares, a prospectus relating thereto or any amendments or supplements relating to such a registration statement or prospectus,
to one counsel selected by the holders of Registrable Shares requesting such registration (the “Investor’s Counsel”),
copies of all such documents proposed to be filed, and shall use commercially reasonable efforts to reflect in each such document, when
so filed with the Commission, such comments as the holders of Registrable Shares whose Registrable Shares are to be covered by such registration
statement may reasonably propose and shall not file any such document to which any Holder objects in writing, unless in the judgment of
the Corporation such filing is necessary to comply with applicable law;


 


(iii)          prepare
and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith
as may be necessary to comply with the provisions of the Securities Act in order to enable the disposition of the Registrable Shares subject
to such registration;


 


(iv)          notify
in writing the Investor’s Counsel (A) of the receipt by the Corporation of any notification with respect to any comments by
the Commission with respect to such registration statement or prospectus or any amendment or supplement thereto or any request by the
Commission for the amending or supplementing thereof or for additional information with respect thereto, (B) of the receipt by the
Corporation of any notification with respect to the issuance by the Commission of any stop order suspending the effectiveness of such
registration statement or prospectus or any amendment or supplement thereto or the initiation or threatening of any proceeding for that
purpose and (C) of the receipt by the Corporation of any notification with respect to the suspension of the qualification of such
Registrable Shares for sale in any jurisdiction or the initiation or threatening of any proceeding for such purposes;


 






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(v)           use
commercially reasonable efforts to register or qualify such Registrable Shares under such other securities or blue sky laws of such jurisdictions
as the holders of Registrable Shares reasonably request and do any and all other acts and things which may be reasonably necessary or
advisable to enable each Holder to consummate the disposition in such jurisdictions of the Registrable Shares owned by such Holder; provided,
however, that the Corporation will not be required to qualify generally to do business, subject itself to general taxation or consent
to general service of process in any jurisdiction where it would not otherwise be required to do so but for this Section 6(a)(v);


 


(vi)          furnish
to each Holder such number of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Securities
Act, and such other documents as any such Holder may reasonably request in order to facilitate the public sale or other disposition of
such Registrable Shares;


 


(vii)         without
limiting this Section 6(a)(v) above, use commercially reasonable efforts to cause such Registrable Shares to be registered
with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the
Corporation to enable each Holder holding such Registrable Shares to consummate the disposition of such Registrable Shares;


 


(viii)        notify
each Holder holding such Registrable Shares on a timely basis at any time when a prospectus relating to such Registrable Shares or any
document related thereto includes an untrue statement of a material fact or omits to state a material fact required to be stated therein
or necessary to make the statements therein not misleading in light of the circumstances then existing and, at the request of any Holder
prepare and furnish to such Holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary
so that, as thereafter delivered to the offerees of such shares, such prospectus shall not include an untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of
the circumstances then existing;


 


(ix)           make
available upon reasonable notice and during normal business hours, for inspection by each Holder holding such Registrable Shares, the
FF Beneficial Investor (provided that the FF Beneficial Investor remains a Holder holding such Registrable Shares), any underwriter participating
in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained by such Holder, the FF
Beneficial Investor (if applicable) or underwriter (collectively, the “Inspectors”), all pertinent financial and
other records, pertinent documents and properties of the Corporation (collectively, the “Records”), as shall be
reasonably necessary to enable them to exercise their due diligence responsibility, and cause the Corporation’s officers, directors
and employees to supply all information (together with the Records, the “Information”) reasonably requested by
any such Inspector in connection with such registration statement. Any of the Information which the Corporation determines in good faith
to be confidential, and of which determination the Inspectors are so notified, shall not be disclosed by the Inspectors unless (A) the
disclosure of such Information is necessary to avoid or correct a material misstatement or omission in the registration statement, (B) the
release of such Information is ordered pursuant to a subpoena or other order from a court or governmental agency or authority of competent
jurisdiction, (C) such Information has been made generally available to the public through no breach of the nondisclosure obligations
of the Inspectors or their Affiliates or (D) such disclosure is required to be made under applicable law;


 






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(x)            prevent
the issuance of an order suspending the effectiveness of a registration statement, and if one is issued, use commercially reasonable efforts
to obtain the withdrawal of any order suspending the effectiveness of a registration statement at the earliest possible moment;


 


(xi)           use
commercially reasonable efforts to obtain from its independent certified public accountants “cold comfort” letters in customary
form and at customary times and covering matters of the type customarily covered by “cold comfort” letters;


 


(xii)          use
commercially reasonable efforts to obtain from its counsel an opinion or opinions in customary form (which shall also be addressed to
the holders selling Registrable Shares);


 


(xiii)        enter
into such customary agreements (including, if applicable, an underwriting agreement in customary form, including customary representations,
warranties, covenants and indemnities) and take such action as the underwriters may reasonably request in order to expedite or facilitate
the disposition of Registrable Shares.


 


(xiv)        provide
a transfer agent and registrar (which may be the same entity and which may be the Corporation) for such Registrable Shares;


 


(xv)         permit
any selling stockholder that might reasonably be deemed a controlling Person of the Corporation to participate in the preparation of a
registration statement and to require the insertion therein of material which, in the reasonable judgment of such stockholder and its
counsel, should be included;


 


(xvi)        promptly
issue to any underwriter to which any Holder holding such Registrable Shares may sell shares in such offering certificates evidencing
such Registrable Shares;


 


(xvii)       in
connection with an underwritten offering, participate, to the extent reasonably requested by the managing underwriter for the offering
or any Holder selling Registrable Shares in the offering, in customary efforts to sell Registrable Shares being offered, and cause such
steps to be taken to ensure good faith participation of senior management officers of the Corporation in due diligence meetings and “road
shows” as is customary;


 






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(xviii)      use
commercially reasonable efforts to list such Registrable Shares on any national securities exchange on which any shares of the Common
Stock are listed;


 


(xix)         comply
with all applicable rules and regulations of the Commission and make available to its security holders, as soon as reasonably practicable,
earnings statements covering a period of twelve (12) months beginning within three months after the effective date of the subject
registration statement; and


 


(xx)          otherwise
use commercially reasonable efforts to take all other steps necessary to effect the registration of such Registrable Shares contemplated
hereby.


 


(b)           Each
holder of the Registrable Shares, upon receipt of any notice from the Corporation of any event of the kind described in Section 6(a)(viii) hereof,
shall forthwith discontinue disposition of the Registrable Shares pursuant to the registration statement covering such Registrable Shares
until such holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 6(a)(viii) hereof,
and, if so directed by the Corporation, such holder shall deliver to the Corporation all copies, other than permanent file copies then
in such holder’s possession, of the prospectus covering such Registrable Shares at the time of receipt of such notice.


 


(c)           The
Corporation shall not permit any officer, director, underwriter, broker or any other Person acting on behalf of the Corporation to use
any Free Writing Prospectus in connection with the registration statement covering Registrable Shares, without the prior written consent
of the Holders of a majority of the Registrable Shares then outstanding, which consent shall not be unreasonably withheld or delayed.
Any consent to the use of a Free Writing Prospectus included in an underwriting agreement to which the Holders are parties shall be deemed
to satisfy the requirement of such consent.


 


Section 7.               Expenses.
All expenses incurred by the Corporation and the Holders in complying with their obligations pursuant to this Agreement and in connection
with the registration and disposition of Registrable Shares, including, without limitation, (a) all registration and filing fees,
and any other fees and expenses associated with filing fees, and any other fees and expenses associated with filings required to be made
with any stock exchange, the Commission and FINRA (including, if applicable, the fees and expenses of any “qualified independent
underwriter” and its counsel as may be required by the rules and regulations of FINRA); (b) all fees and expenses of compliance
with state securities or “blue sky” laws (including fees and disbursements of counsel for the underwriters or the Holders
in connection with “blue sky” qualifications of the Registrable Shares and determination of their eligibility for investment
under the laws of such jurisdictions as the managing underwriters may designate); all printing and related messenger and delivery expenses
(including expenses of printing certificates for the Registrable Shares in a form eligible for deposit with The Depositary Trust Company)
and of printing prospectuses, all fees and disbursements of all independent certified public accountants of the Corporation (including
the expenses of any special audit and “cold comfort” letters required by or incident to such performance); (d) Securities
Act liability insurance if the Corporation so desires or the underwriters so require; (e) all fees and expenses incurred in connection
with the listing of Registrable Shares on any securities exchange and all rating agency fees; (f) all reasonable fees and disbursements
of one (1) counsel to the holders of Registrable Shares to represent such Persons in connection with such registration (including
such fees and disbursements incurred in connection with any registration or qualification of Registrable Shares under the securities or
 “blue sky” laws of any state); (g) all fees and disbursements of underwriters customarily paid by an issuer, excluding
underwriting discounts and commissions and transfer taxes, if any, related to the disposition by any Holder of Registrable Shares (collectively,
the “Selling Expenses”); and (h) reasonable fees and expenses of outside counsel and advisors to the Corporation,
will be borne by the Corporation, regardless of whether a registration statement becomes effective; provided, however, that the Corporation
shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 2 if the registration request
is subsequently withdrawn at the request of the Holders of a majority of the Registrable Shares to be registered (in which case all selling
Holders shall bear such expenses pro rata based upon the number of Registrable Shares that were to be included in the withdrawn registration),.
All Selling Expenses relating to Registrable Shares shall be borne and paid by the Holders pro rata on the basis of the number of Registrable
Shares registered on their behalf.


 






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Section 8.               Indemnification.


 


(a)            In
connection with any registration of any Registrable Shares under the Securities Act pursuant to this Agreement, the Corporation shall
indemnify and hold harmless the holders of Registrable Shares (which for the purposes of this Section 8 shall include the FF Beneficial
Investor for so long as the FF Investor is a holder of Registrable Shares), each of such holder’s officers, directors, employees,
members, partners, and advisors and their respective Affiliates, each underwriter, broker or any other Person acting on behalf of the
holders of Registrable Shares and each other Person, if any, who controls any of the foregoing Persons within the meaning of the Securities
Act against any losses, claims, damages, liabilities, or actions joint or several (or actions in respect thereof), to which any of the
foregoing Persons may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon an untrue statement or allegedly untrue statement of a material fact contained
in the registration statement under which such Registrable Shares were registered under the Securities Act, any preliminary prospectus, Issuer
Free Writing Prospectus, or final prospectus contained therein or otherwise filed with the Commission, any amendment or supplement thereto
or any document incident to registration or qualification of any Registrable Shares, or arise out of or are based upon the omission or
alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading
or, with respect to any prospectus, necessary to make the statements therein in light of the circumstances under which they were made
not misleading, or any violation by the Corporation of the Securities Act or state securities or blue sky laws applicable to the Corporation
or relating to action or inaction required of the Corporation in connection with such registration or qualification under such state securities
or blue sky laws; and shall promptly reimburse such Persons for any legal or other expenses reasonably incurred by any of them in connection
with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the Corporation shall
not be liable in any such case to the extent that any such loss, claim, damage, liability or action (including any legal or other expenses
incurred) arises out of or is based upon an untrue statement or allegedly untrue statement or omission or alleged omission made in said
registration statement, preliminary prospectus, Issuer Free Writing Prospectus, final prospectus, amendment, supplement or document
incident to registration or qualification of any Registrable Shares in reliance upon and in conformity with written information furnished
to the Corporation by the holders of Registrable Shares specifically for use in the preparation thereof.


 






    11


     


    

 


(b)            In
connection with any registration of Registrable Shares under the Securities Act pursuant to this Agreement, each Holder of Registrable
Shares shall severally (based on the percentage of the securities included in such registration that were owned by such Holder) and not
jointly and severally indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 8(a))
the Corporation, each director of the Corporation, each officer of the Corporation who shall sign such registration statement, each underwriter,
broker or other Person acting on behalf of the holders of Registrable Shares and each Person who controls any of the foregoing Persons
within the meaning of the Securities Act with respect to any statement or omission from such registration statement, any preliminary prospectus, Issuer
Free Writing Prospectus or final prospectus contained therein or otherwise filed with the Commission, any amendment or supplement thereto
or any document incident to registration or qualification of any Registrable Shares, if such statement or omission was made in reliance
upon and in conformity with written information furnished to the Corporation or such underwriter by such holder of Registrable Shares
specifically for use in connection with the preparation of such registration statement, preliminary prospectus, Issuer Free Writing
Prospectus, final prospectus, amendment, supplement or document; provided, however, that the maximum amount of liability in respect
of such indemnification shall be limited, in the case of each holder of Registrable Shares, to an amount equal to the net proceeds actually
received by such holder from the sale of Registrable Shares effected pursuant to such registration.


 


(c)            Promptly
after receipt by an indemnified party of notice of the commencement of any action involving a claim referred to in this Section 8,
such indemnified party will, if a claim in respect thereof is made against an indemnifying party, give written notice to the latter of
the commencement of such action. The failure of any indemnified party to notify an indemnifying party of any such action shall not (unless
such failure shall have a material adverse effect on the indemnifying party) relieve the indemnifying party from any liability in respect
of such action that it may have to such indemnified party hereunder. In case any such action is brought against an indemnified party,
the indemnifying party will be entitled to participate in and to assume the defense thereof, jointly with any other indemnifying party
similarly notified to the extent that it may wish, with counsel reasonably satisfactory to such indemnified party, and after notice from
the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be
responsible for any legal or other expenses subsequently incurred by the indemnified party in connection with the defense thereof; provided,
however, that if any indemnified party shall have reasonably concluded that there may be one or more legal or equitable defenses available
to such indemnified party which are additional to or conflict with those available to the indemnifying party, or that such claim or litigation
involves or could have an effect upon matters beyond the scope of the indemnity agreement provided hereunder, the indemnifying party shall
not have the right to assume the defense of such action on behalf of such indemnified party (but shall have the right to participate therein
with counsel of its choice) and such indemnifying party shall reimburse such indemnified party and any Person controlling such indemnified
party for that portion of the fees and expenses of any counsel retained by the indemnified party which is reasonably related to the matters
covered by the indemnity agreement provided hereunder. No indemnifying party shall be liable for any settlement of any proceeding affected
without its prior written consent. If the indemnifying party is not entitled to, or elects not to, assume the defense of a claim, it will
not be obligated to pay the fees and expenses of more than one counsel with respect to such claim.


 






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(d)           If
the indemnification provided for hereunder is held by a court of competent jurisdiction to be unavailable to an indemnified party with
respect to any loss, claim, damage, liability or action referred to herein, then the indemnifying party, in lieu of indemnifying such
indemnified party hereunder, shall contribute to the amounts paid or payable by such indemnified party as a result of such loss, claim,
damage, liability or action in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand
and of the indemnified party on the other in connection with the statements or omissions which resulted in such loss, claim, damage, liability
or action as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified
party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified
party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. The parties agree that it would not be just and equitable if contribution pursuant hereto were determined by pro rata allocation
or by any other method or allocation which does not take account of the equitable considerations referred to herein. No indemnifying party
shall be required to contribute pursuant to this Section 8(d) if there has been a settlement of any proceeding affected
without its prior written consent. No Person guilty or liable of fraudulent misrepresentation shall be entitled to contribution from any
Person. Notwithstanding the foregoing, (i) in no event shall a Holder’s liability pursuant to this Section 8(d), when
combined with the amounts paid or payable by such Holder pursuant to Section 8(b), exceed the amount equal to the net proceeds from
the offering actually received by such Holder from the sale of Registrable Shares, except in the case of willful misconduct or fraud by
such Holder and (ii) to the extent that the provisions on indemnification and contribution contained in the underwriting agreement
entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the
underwriting agreement shall control.


 


Section 9.               Underwriting
Agreement.


 


(a)            Notwithstanding
any provisions of this Agreement, to the extent that in connection with a proposed sale of Registrable Shares which have been registered
with the Commission pursuant to this Agreement, the holders of Registrable Shares shall enter into an underwriting agreement or similar
agreement that contains customary provisions covering one or more issues addressed in this Agreement, the provisions contained in such
Sections of this Agreement addressing such issue or issues shall be of no force or effect with respect to such registration, but this
provision shall not apply to the Corporation if the Corporation is not a party to the underwriting agreement or similar agreement. In
such event, the right of any holder of Registrable Shares to include such holder’s Registrable Shares in such registration shall
be conditioned upon such holder’s participation in such underwriting and the inclusion of such holder’s Registrable Shares
in the underwriting to the extent provided herein.


 






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(b)            In
connection with any proposed sale through an underwritten offering of Registrable Shares which have been registered with the Commission
pursuant to this Agreement through an underwritten offering, the Corporation shall negotiate in good faith and enter into a reasonable
and customary underwriting agreement with the underwriters thereof. The Corporation shall be entitled to receive customary indemnities
from lead underwriters, selling brokers, dealer managers and similar security industry professionals participating in the distribution,
to the same extent as provided above with respect to the information so furnished in writing by such Persons specifically for inclusion
in any prospectus or registration statement.


 


(c)            No
underwriting agreement (or other agreement in connection with a proposed sale of Registrable Shares) shall require any holder of Registrable
Shares to make any representations or warranties to or agreements with the Corporation or the underwriters other than representations,
warranties or agreements regarding such holder, the ownership of such holder’s Registrable Shares and such holder’s intended
method or methods of disposition and any other representation required by law or to furnish any indemnity to any Person which is broader
than the indemnity furnished by such holder hereunder. Notwithstanding anything to the contrary in the foregoing, neither the FF Investor
nor the FF Beneficial Investor shall be required to execute any agreement, instrument or other document pursuant to this Section 9
unless such agreement, instrument or other document contains a limitation of liability provision in the form of Section 24.


 


Section 10.             Information
by Holder. It shall be a condition precedent to the obligations of the Corporation to take any action pursuant to Section 2
through Section 7 with respect to the Registrable Shares of any selling Holder that such Holder shall furnish to the Corporation
such written information regarding such Holder and the distribution proposed by any Holder as the Corporation may reasonably request in
writing and as shall be reasonably required in connection with any registration referred to in this Agreement.


 


Section 11.             Exchange
Act Compliance. From the Registration Date or such earlier date as a registration statement filed by the Corporation pursuant to the
Exchange Act relating to any class of the Corporation’s securities shall have become effective, the Corporation shall comply with
all of the reporting requirements of the Exchange Act applicable to it and shall comply with all other public information reporting requirements
of the Commission which are conditions to the availability of Rule 144. The Corporation shall cooperate with each Holder in supplying
such information as may be necessary for such Holder to complete and file any information reporting forms presently or hereafter required
by the Commission as a condition to the availability of Rule 144.


 


Section 12.             No
Conflict of Rights: Future Rights. The Corporation shall not, after the date hereof, without the prior written consent of the holders
of a majority of the Registrable Shares then outstanding, enter into any agreement with any present or future stockholder of the Corporation
that would grant any registration or other rights that conflict with, or are senior to or pari passu with, the rights granted to
the Holders hereby. If at any time following the date hereof, the Corporation shall grant to any present or future stockholder of the
Corporation rights to in any manner cause or participate in any registration statement of the Corporation that, in the judgment of the
holders of a majority of the Registrable Shares then outstanding, conflict with, or are senior to or pari passu with, the rights
granted to the Holders hereby, such grant shall be null, void and ultra vires.


 






    14


     


    

 


Section 13.             Limitations
on Subsequent Registration Rights. From and after the date of this Agreement, the Corporation shall not, without the prior written
consent of the Holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective
holder of any securities of the Corporation that would allow such holder or prospective holder (i) to include such securities in
any registration unless, under the terms of such agreement, such holder or prospective holder may include such securities in any such
registration only to the extent that the inclusion of such securities will not reduce the number of the Registrable Securities of the
Holders that are included or (ii) allow such holder or prospective holder to initiate a demand for registration of any securities
held by such holder or prospective holder; provided that the limitation set forth in this Section 13 shall not prohibit any additional
Investor from becoming a party to this Agreement.


 


Section 14.             Termination.
This Agreement shall terminate and be of no further force or effect upon the earlier of (i) the occurrence or closing of a Deemed
Liquidation Event as defined in the Charter and (ii) the date when there shall no longer be any Registrable Shares outstanding.


 


Section 15.             Benefits
of Agreement; Third Party Beneficiaries. Except as provided herein, this Agreement shall bind and inure to the benefit of the Corporation,
the Holders and subject to Section 16, the respective successors and assigns of the Corporation and any Holder. The managing
underwriter(s) of the IPO are intended third party beneficiaries of the agreements of the Holders contained in Section 6
and any Persons designated pursuant to Section 5 are intended third party beneficiaries of the agreements set forth therein.


 


Section 16.             Assignment.
Each Holder may assign its rights hereunder to any purchaser or transferee of Registrable Shares; provided, however, that such
purchaser or transferee shall, as a condition to the effectiveness of such assignment, be required to execute a counterpart to this Agreement
agreeing to be treated as a Holder whereupon such purchaser or transferee shall have the benefits of, and shall be subject to the restrictions
contained in, this Agreement as if such purchaser or transferee was originally included in the definition of Holder herein and had originally
been a party hereto. The Corporation may not assign any rights hereunder without the consent of the holders of a majority of the Registrable
Shares then outstanding. Notwithstanding the foregoing, the FF Investor and the FF Beneficial Investor may transfer or assign any of their
respective rights or obligations under this Agreement, without prior written consent, to any FF Permitted Transferee, or otherwise with
the consent of the Corporation. Following such transfer or assignment to a FF Permitted Transferee, the FF Permitted Transferee shall
be entitled to receive the benefit of the terms of this Agreement, as if such FF Permitted Transferee had executed this Agreement.


 


Section 17.             Entire
Agreement. This Agreement, and the other writings referred to herein or delivered pursuant hereto, contain the entire agreement among
the parties hereto with respect to the subject matter hereof and supersede all prior and contemporaneous arrangements or understandings
with respect thereto; provided, that to the extent any party shall have entered into one or more side letter agreements with the Company,
then such side letter agreements shall be deemed to modify this Agreement with respect to the applicable party.


 






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Section 18.             Notices.
All notices, requests, consents and other communications hereunder to any party shall be deemed to be sufficient if contained in a written
instrument delivered in person or sent by telecopy, email, nationally-recognized overnight courier or first class registered or certified
mail, return receipt requested, postage prepaid, addressed to such party at the address set forth below or such other address as may hereafter
be designated in writing by such party to the other parties:


 


(a)            if
to the Corporation, to:


 


Bright
Health Inc.

[redacted]

Telephone: [redacted]

Attention: [redacted]

Email: [redacted]


 


with a copy to:


 


Fox
Rothschild LLP

[redacted]

Attn: [redacted]

Email: [redacted]


 


(b)           if
to any Holder, to their respective addresses set forth on Annex 1 hereto.


 


All such notices, requests,
consents and other communications shall be deemed to have been delivered (i) in the case of personal delivery, delivery by telecopy
or delivery by email, on the date of such delivery, (ii) in the case of dispatch by nationally-recognized overnight courier, on the
next business day following such dispatch and (iii) in the case of mailing, on the third business day after the posting thereof.


 


Section 19.             Modifications;
Amendments; Waivers. Any party may waive any provision hereof intended for its benefit in writing. No failure or delay on the part
of any party hereto in exercising any right, power or remedy hereunder shall operate as a waiver thereof. The remedies provided for herein
are cumulative and are not exclusive of any remedies that may be available to any party hereto at law, in equity or otherwise. This Agreement
may be amended with the prior written consent of the Corporation and holders of a majority of the Registrable Shares then outstanding;
provided, however, that no such amendment shall be made that, by its terms, affects any Holder in a disproportionately adverse
manner as compared to the other Holders with respect to the same class of Registrable Shares held by such Holders without obtaining the
consent of such adversely and disproportionately affected Holder. Each Holder shall be bound by any amendment or waiver effected in accordance
with this Section 19, whether or not such Holder has consented to such amendment or waiver.


 






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Section 20.             Counterparts;
Electronic Signatures. This Agreement may be executed in any number of original or electronic counterparts, and each such counterpart
hereof shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement.


 


Section 21.             Headings.
The headings of the various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to
be a part of this Agreement.


 


Section 22.             Governing
Law; Consent to Jurisdiction and Venue; Waiver of Jury Trial. This Agreement shall be governed by and construed in accordance with
the laws of the State of Delaware, without giving effect to any law or rule that would cause the laws of any jurisdiction other than
the State of Delaware to be applied. The parties hereby irrevocably submit to the jurisdiction of the courts of Delaware and the federal
courts of the United States of America located in Delaware solely in respect of the interpretation and enforcement of the provisions of
this Agreement, and hereby waive, and agree not to assert, as a defense in any action for the interpretation or enforcement of this Agreement
that it is not subject thereto or that such action may not be brought or is not maintainable in said courts or that the venue thereof
may not be appropriate or that this Agreement may not be enforced in or by such courts. THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE ANY
RIGHT TO A TRIAL BY JURY IN CONNECTION WITH ANY DISPUTE ARISING OUT OF THIS AGREEMENT, AND HEREBY ACKNOWLEDGE THAT ANY SUCH ACTION MAY BE
TRIED BY A JUDGE SITTING WITHOUT A JURY.


 


Section 23.             Severability.
It is the desire and intent of the parties that the provisions of this Agreement be enforced to the fullest extent permissible under the
law and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, in the event that any provision of this
Agreement would be held in any jurisdiction to be invalid, prohibited or unenforceable for any reason, such provision, as to such jurisdiction,
shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such
provision in any other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly construed so as not be invalid,
prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly construed, without invalidating the
remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.


 


Section 24.             The
Northern Trust Company Limitation of Liability. The FF Investor enters into and is liable under (a) this Agreement, (b) any
other document or agreement which the FF Investor may be required to provide under this Agreement and (c) any document or agreement
executed by the Corporation or any other person as agent or attorney of the FF Investor under this Agreement, only in its capacity as
custodian for the FF Beneficial Investor, and to the extent that it is actually indemnified by the FF Beneficial Investor. To the extent
that this Section 24 operates to reduce the amounts for which the FF Investor would otherwise be liable to any person, the
FF Beneficial Investor will pay or procure the payment of such shortfall to such person.


 


[Signature Pages Follow]


 






    17


     


    

 


IN
WITNESS WHEREOF, the parties hereto have executed this Second Amended and Restated Registration Rights Agreement on the date
first written above.


 


	 	
    COMPANY:

     

    BRIGHT HEALTH INC.

	 	 
	 	By:	/s/ Robert Sheehy
	 	Name:	Robert Sheehy
	 	Title:	Chief Executive Officer


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	DECLARATION CAPITAL PE SPV VIII LLC	 
	 	 
	 	 
	By:	/s/ Rob Jackowitz	 
	Name:	Rob Jackowitz	 
	Title:	Authorized Person	 



 


[Signature Page to Second
Amended and Restated Registration Rights Agreement]


 






    


     


    

 


 


	MERITECH CAPITAL PARTNERS VI L.P.	 
	 	 
	By:	Meritech Capital Associates VI
    L.L.C. its General Partner	 
	 	 
	By:	/s/ Craig Sherman	 
	 	Craig Sherman, a managing member	 


 


	MERITECH CAPITAL AFFILIATES VI L.P.	 
	 	 
	By:	Meritech Capital Associates VI
    L.L.C. its General Partner	 
	 	 
	By:	/s/ Craig Sherman	 
	 	Craig Sherman, a managing member	 


 


	MERITECH CAPITAL ENTREPRENEURS VI L.P.	 
	 	 
	By:	Meritech Capital Associates VI
    L.L.C. its General Partner	 
	 	 
	By:	/s/ Craig Sherman	 
	 	Craig Sherman, a managing member	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	TOWN
    HALL VENTURES, L.P.	 
	 	 
	By:	/s/
    David Whelan	 
	Name:	David
    Whelan	 
	Title:	General
    Partner	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	NEW ENTERPRISE ASSOCIATES 15, L.P	 
	 	 
	By:	NEA Partners 15, L.P., its general partner	 
	 	 	 
	By:	NEA 15 GP, LLC, its general partner	 
	 	 
	By:	/s/ Louis Citron	 
	Name:	Louis Citron	 
	Title:	Chief Legal Officer	 


 


	NEW VENTURES 2016, LIMITED PARTNERSHIP	 
	 	 
	By:	/s/ Louis Citron	 
	Name:	Louis Citron	 
	Title:	Vice President	 


 


	NEW ENTERPRISE ASSOCIATES 16, L.P.	 
	 	 
	By:	NEA Partners 16, L.P., its general partner	 
	 	 	 
	By:	NEA 16 GP, LLC, its general partner	 
	 	 
	By:	/s/ Louis Citron	 
	Name:	Louis Citron	 
	Title:	Chief Legal Officer	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    


     


    

 


	BESSEMER VENTURE PARTNERS IX L.P.	 
	 	 
	yorkBy:	Deer IX & Co. L.P.,        General Partner	 
	 	 	 
	By:	Deer IX & Co. Ltd., its General Partner	 
	 	 
	By:	/s/ Scott Ring	 
	Name:	Scott Ring	 
	Title:	General Counsel	 


 


	BESSEMER VENTURE PARTNERS IX
    INSTITUTIONAL L.P.	 
	 	 
	By:	Deer IX & Co. L.P.,        General Partner	 
	 	 	 
	By:	Deer IX & Co. Ltd., its General Partner	 
	 	 
	By:	/s/ Scott Ring	 
	Name:	Scott Ring	 
	Title:	General Counsel	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	FLARE CAPITAL PARTNERS I, L.P.	 
	 	 
	By:	Flare Capital Managers, LLC. its General Partner	 
	 	 
	By:	/s/ William Geary	 
	Name:	William Geary	 
	Title:	Manager	 


 


	FLARE CAPITAL PARTNERS I-A, L.P.	 
	 	 
	By:	Flare Capital Managers, LLC, its General Partner	 
	 	 
	By:	/s/ William Geary	 
	Name:	William Geary	 
	Title:	Manager	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	GREENSPRING GLOBAL PARTNERS VII-A, L.P.	 
	 	 
	By:	Greenspring General Partner VII, L.P.,

its General Partner	 
	 	 	 
	By:	Greenspring GP VII, Ltd.

its General Partner	 
	 	 
	By:	/s/ Eric Thompson	 
	Name:	Eric Thompson	 
	Title:	Chief Operating Officer	 


 


	GREENSPRING GLOBAL PARTNERS VII-C, L.P.	 
	 	 
	By:	Greenspring General Partner VII, L.P.,

its General Partner	 
	 	 	 
	By:	Greenspring GP VII, Ltd.

    its General Partner	 
	 	 
	By:	/s/ Eric Thompson	 
	Name:	Eric Thompson	 
	Title:	Chief Operating Officer	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	GREENSPRING
    OPPORTUNITIES IV, L.P.	 
	 	 
	By:	Greenspring
    Opportunities General Partner IV, L.P.,

    its General Partner	 
	 	 	 
	By:	Greenspring Opportunities GP IV, LLC,

its General Partner	 
	 	 	 
	By:	Greenspring Associates, Inc.,

its sole member	 
	 	 
	By:	/s/ Eric Thompson	 
	Name:	Eric Thompson	 
	Title:	Chief Operating Officer	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	GREYCROFT GROWTH II, L.P.	 
	 	 
	By:	Greycroft Growth II, LLC, its general partner	 
	 	 
	By:	/s/ Matthew Parker	 
	Name:	Matthew Parker	 
	Title:	Chief Financial Officer	 
	 	 	 
	Address:	 
	 	 
	[redacted]	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	E.VENTURES GROWTH II, L.P.	 
	 	 
	By:	E.VENTURES GROWTH II GP, LLC, its General Partner	 
	 	 
	By:	/s/ Mathias Schilling	 
	Name:	Mathias Schilling	 
	Title:	Managing Member of the General Partner	 
	 	 	 
	Address:	[redacted]	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	REDPOINT OMEGA II, L.P.,
    by its General Partner Redpoint Omega II, LLC	 
	 	 
	By:	/s/ Elliot Geidt	 
	 	Elliot Geidt, Manager	 


 


	REDPOINT OMEGA ASSOCIATES II, LLC, as nominee	 
	 	 
	By:	/s/ Elliot Geidt	 
	 	Elliot Geidt, Manager	 
	 	 	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	CROSS
    CREEK CAPITAL II, L.P.	 
	 	 
	By:	Cross Creek Capital II GP, LLC

Its Sole General Partner	 
	 	 
	By:	/s/ Tyler Christenson	 
	Name:	Tyler Christenson	 
	Title:	Managing Director	 


 


	CROSS CREEK CAPITAL PARTNERS III, L.P.	 
	 	 
	By:	Cross Creek Capital Partners III GP, LLC

Its Sole General Partner	 
	 	 
	By:	/s/ Tyler Christenson	 
	Name:	Tyler Christenson	 
	Title:	Managing Director	 


 


	CROSS CREEK CAPITAL PARTNERS IV, L.P.	 
	 	 
	By:	Cross Creek Capital Partners IV GP. LLC

Its Sole General Partner	 
	 	 
	By:	/s/ Tyler Christenson	 
	Name:	Tyler Christenson	 
	Title:	Managing Director	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	RAM
    PASTURE LLC	 
	 	 
	By:	/s/ Ryan Drant	 
	Name:	Ryan Drant	 
	Title:	President	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	WHITNEY
    CAPITAL, LLC	 
	 	 
	By:	/s/ Richard K. Whitney	 
	Name:	Richard K. Whitney	 
	Title:	Managing Member	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	 	If an entity:
	 	 
	 	Waterline Ventures I, L.P.
	 	(Name)
	 	 
	 	By:	/s/ Robert M. Greenglass
	 	Name:	Robert M. Greenglass
	 	Title:	Managing Director
	 	 	 
	 	If an individual:
	 	 
	 	By:	 
	 	Name:	 
	 	 
	 	Address:
	 	 
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 


	 	If an entity:
	 	 
	 	Robert J. Sheehy Trust
	 	(Name)
	 	 
	 	By:	/s/ Robert J. Sheehy
	 	Name:	 
	 	Title:	 
	 	 	 
	 	If an individual:
	 	 
	 	By:	 
	 	Name:	 
	 	 
	 	Address:
	 	 
	 	 
	 	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    


     


    

 



 


	 	If an entity:
	 	 
	 	 
	 	MBA Entrepreneur Ventures, LLC
	 	(Name)
	 	 
	 	 
	 	By:	/s/ E. Jeffrey Lyons
	 	Name:	E. Jeffrey Lyons
	 	Title:	Manager / Member
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	 	 
	 	Address:	 
	 	 
	 	 
	 	 




 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	John M. Nehra
	 	(Name)
	 	 
	 	 
	 	By:	/s/ John M. Nehra
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ John M. Nehra
	 	Name:	John M. Nehra
	 	 	 
	 	Address:	 
	 	 
	 	 
	 	 



 





[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Martin S. Rash
	 	Name:	Martin S. Rash
	 	 
	 	Address:	 
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Charles M. Linehan
	 	Name:	Charles M. Linehan
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Stephen Oesterle
	 	Name:	Stephen Oesterle
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Christine Guo
	 	Name:	Christine Guo
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Rachel Winokur
	 	Name:	Rachel Winokur
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Jeffry Folick
	 	Name:	Jeffry Folick
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	Alan M. Muney Revocable Trust dated June 2, 2011
	 	(Name)
	 	 
	 	 
	 	By:	/s/ Alan M. Muney
	 	Name:	Alan M. Muney
	 	Title:	Grantor and Trustee
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	 
	 	Name:	Alan Muney
	 	 
	 	Address:
	 	 
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Matt McAviney
	 	Name:	Matt McAviney
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Jason Fuller
	 	Name:	Jason Fuller
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Tak Cheung
	 	Name:	Tak Cheung
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Lily Huang
	 	Name:	Lily Huang
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Matt Chavez
	 	Name:	Matt Chavez
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 









    	 	 	 



     


    

 


	 	If an entity:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	 
	 	By:	/s/ Kyle Rolfing
	 	Name:	Kyle Rolfing
	 	 
	 	Address:
	 	 
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






    	 	 	 



     


    

 




 


	 	If an entity:
	 	 
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	By:	/s/ Tom Valdivia
	 	Name:	Tom Valdivia
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






     

     


    

 


	 	If an entity:
	 	 
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	By:	/s/ Jon Watson
	 	Name:	Jon Watson
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






     

     


    

 


	 	If an entity:
	 	 
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	By:	/s/ Don Powers
	 	Name:	Don Powers
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 


 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






     

     


    

 





	 	If an entity:
	 	 
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	By:	/s/ Brian Beutner
	 	Name:	Brian Beutner
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 


 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






     

     


    

 


	 	If an entity:
	 	 
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	If an individual:
	 	 
	 	By:	/s/ Blake Wu
	 	Name:	Blake Wu
	 	 
	 	Address:
	 	[redacted]
	 	 
	 	 


  


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






     

     


    

 


FF INVESTOR


 


	EXECUTED on behalf of THE NORTHERN TRUST COMPANY (ABN 62 126 279 918), a company incorporated in the State of Illinois in the United States of America, in its capacity as custodian for the Future Fund Investment Company No. 4 Pty Ltd (CAN 134 338 908), by
 Jonathan Carstens
 being a person who, in accordance with the laws of that territory, is acting under the authority of the company in the presence of:  	 	)
 )
 )
 )
 )
 )
 )
 )
 )
 )
 )
 )
 )
 )	 
	/s/ Jonathan Carstens	 	)	 
	Signature of witness	 	)	 
	 	 	)	 
	William Owen	 	)	 
	Name of witness (block letters	 	)	 
	 	 	)	 
	[redacted]	 	)	By executing this agreement the signatory warrants that the signatory is duly
	 	 	)	authorized to execute this agreement on behalf of THE NORTHERN TRUST COMPANY
	Address of witness	 	 	 
	 	 	 	 
	 	 	 	 
	Address:	 	 	[redacted]
	 	 	 	 
	Telephone:	 	 	[redacted]
	Attention:	 	 	[redacted]
	Email(s):	 	 	[redacted]
	 	 	 	 
	With a copy to those persons and
entities in the contact information contained in Exhibit B of the Future Fund Side Letter.



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






     

     


    

 


FF BENEFICIAL INVESTOR


 


	Signed for Future Fund Investment Company No. 4 Pty Ltd by its attorney under power of attorney dated 29 March 2016 (who, by signing, confirms they have received no notice of revocation of that power) in the presence of:	 	 
	 	 	 
	/s/ William Owen	 	/s/ Paul Mann
	Witness Signature	 	Attorney Signature
	 	 	 
	William Owen	 	Paul Mann
	Print Name	 	Print Name
	 	 	 
	 	 	15 November 2018
	 	 	Date
	 	 	 
	 	 	 
	With a copy to those persons and entities in the contact information contained in Exhibit B of the Future Fund Side Letter.



 


[Signature
Page to Second Amended and Restated Registration Rights Agreement]


 






     

     


    

 


Annex I


 


[Holder Notice Information]