Exhibit 10.6


 


EXECUTION VERSION


 


REGISTRATION RIGHTS AGREEMENT


 


THIS REGISTRATION RIGHTS AGREEMENT
(as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, this
 “Agreement”), dated as of June 3, 2021, is made and entered into by and among:


 


(i) Babylon
Holdings Limited, a company limited by shares incorporated under the laws of Jersey with registered number 115471
(“Company” or “Pubco”);


 


(ii)Alkuri Sponsors LLC
(the “Sponsor”); and


 


(iii) certain shareholders
of Company, as set forth on Schedule A hereto (the “Legacy Equityholders” and, together with the Sponsor and
any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 of this Agreement, a “Holder”
and, collectively the “Holders”).


 


Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Merger Agreement.


 


RECITALS


 


WHEREAS, contemporaneously
with the execution and delivery of this Agreement, Alkuri Global Acquisition Corp. (“SPAC”) and Company are entering
into that certain Agreement and Plan of Merger, dated as of June 3, 2021 (the “Merger Agreement”) with Liberty USA
Merger Sub, Inc., a Delaware corporation and direct, wholly owned subsidiary of Company (“Merger Sub”), whereby, among
other things, Merger Sub will merge with and into the SPAC (the “Merger”) at the Effective Time, whereupon the separate
existence of Merger Sub will cease, and SPAC will continue as the surviving company (the “Surviving Company”); and


 


WHEREAS, pursuant to the terms
and provisions of the Merger Agreement, prior to the effective time of the Merger (the “Effective Time”), Company will
have undertaken the Recapitalization whereby, among other things, (i) ordinary shares of the Company held by the Legacy Equityholders
will be reclassified into class A ordinary shares and class B ordinary shares, and (ii) the Company will adopt an amended and restated
Memorandum and Articles of Association in the form attached to the Merger Agreement as Exhibit B (the “Amended and Restated Memorandum
and Articles of Association”); and


 


WHEREAS, following the consummation
of the Merger, (i) the Sponsor and certain Legacy Equityholders will beneficially own Pubco Class A Shares, and (ii) the Founder will
beneficially own Pubco Class A Shares and Pubco Class B Shares; and


 


WHEREAS, in anticipation of
the consummation of the transactions contemplated by the Merger Agreement (the “Closing”), SPAC, the Company and the
Holders desire to enter into this Agreement on the date hereof, to be effective upon the Closing, pursuant to which the Company shall
grant the Holders certain registration rights with respect to the Registrable Securities (as defined herein) on the terms and conditions
set forth in this Agreement.


 


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 hereto, intending to be legally bound, hereby agree as follows:


 






     


     


    

 


Article
I

DEFINITIONS


 


1.1
     Definitions. The terms defined in this Article I shall, for all purposes
of this Agreement, have the respective meanings set forth below:


 


“Adverse
Disclosure” shall mean any public disclosure of material non-public information, which disclosure, in the good faith
judgment of the Chief Executive Officer of the Company or the Board, after consultation with counsel to the Company, (i) would be
required to be made in any Registration Statement or Prospectus in order for the applicable Registration Statement or Prospectus not
to contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein
(in the case of any prospectus and any preliminary prospectus, in the light of the circumstances under which they were made) not misleading,
(ii) would not be required to be made at such time if the Registration Statement were not being filed, declared effective or used,
as the case may be, and (iii) the Company has a bona fide business purpose for not making such information public.


 


“Action”
shall mean any demand, action, claim, suit, countersuit, arbitration, inquiry, subpoena, case, litigation, proceeding or investigation
(whether civil, criminal, administrative or investigative) by or before any court or grand jury, any Governmental Authority or any arbitration
or mediation tribunal.


 


“Affiliate”
shall have the meaning given in the Merger Agreement.


 


“Agreement”
shall have the meaning given in the Preamble hereto.


 


“Amended and Restated
Memorandum and Articles of Association” shall have the meaning given in the Recitals hereto.


 


“Board”
shall mean the board of directors of the Company.


 


“Blackout Period”
shall have the meaning given in Section 3.4.2.


 


“Block Trade”
shall mean an offering and/or sale of Registrable Securities by any Holder on a block trade or underwritten basis (whether firm commitment
or otherwise) without substantial marketing efforts prior to pricing, including, without limitation, a same day trade, overnight trade
or similar transaction.


 


“Memorandum and Articles
of Association” shall mean the Memorandum and Articles of Association of the Company in effect immediately prior to the adoption
of the Amended and Restated Memorandum and Articles of Association.


 


“Closing”
shall have the meaning given in the Recitals hereto.


 


“Closing
Date” shall have the meaning given in the Merger Agreement.


 


“Commission”
shall mean the Securities and Exchange Commission.


 


“Company”
shall have the meaning given in the Recitals hereto and includes the Company’s successors by recapitalization, merger, consolidation,
spin-off, reorganization or similar transaction.


 


“Demanding Holder”
shall have the meaning given in Section 2.1.4.


 






    2


     


    

 


“Earnout Shares”
shall have the meaning given in the Merger Agreement.


 


“Effective Time”
shall have the meaning given in the Recitals hereto.


 


“Exchange
Act” shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.


 


“FINRA”
shall mean the Financial Industry Regulatory Authority Inc.


 


“Form
F-1 Shelf” shall have the meaning given in Section 2.1.1.


 


“Form
F-3 Shelf” shall have the meaning given in Section 2.1.1.


 


“Governmental Authority”
shall mean any federal, state, provincial, municipal, local or foreign government, governmental authority, regulatory or administrative
agency (which for the purposes of this Agreement shall include FINRA and the Commission), governmental commission, department, board,
bureau, agency or instrumentality, arbitral panel, court or tribunal, whether domestic, foreign, multinational, or supranational exercising
executive, legislative, judicial, regulatory, self-regulatory or administrative functions of or pertaining to government and any executive
official thereof.


 


“Governmental Order”
means any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case, entered by or with any Governmental
Authority.


 


“Holder”
and “Holders” shall have the meaning given in the Preamble hereto, for so
long as such person or entity holds any Registrable Securities.


 


“Holder Information”
shall have the meaning given in Section 4.1.2.


 


“Law” shall
mean any applicable U.S. or non-U.S. federal, national, supranational, state, provincial, local or similar statute, law, ordinance, regulation,
rule, code, income Tax treaty, Governmental Order, requirement or rule of law (including common law) or other binding directives promulgated,
issued, entered into or taken by any Governmental Authority.


 


“Legacy Equityholders”
shall have the meaning given in the Preamble hereto.


 


“Lockup Agreement”
shall have the meaning given in the Merger Agreement.


 


“Lockup Period”
shall have the meaning given in the applicable Lockup Agreement.


 


“Major Legacy Equityholder”
shall mean each of (i) Ali Parsadoust, ALP Limited Partners and the Parsa Family Foundation, together as a group with their Permitted
Transferees, (ii) Kinnevik Online AB, together with its Permitted Transferees, (iii) VNV (Cyprus) Limited and Global Health Equity (Cyprus)
Limited, together as a group with its Permitted Transferees and (iv) The Public Investment Fund, together with its Permitted Transferees,
and together (i)-(iv), the “Major Legacy Equityholders.”


 


“Maximum Number of
Securities” shall have the meaning given in Section 2.1.5.


 


“Merger”
shall have the meaning given in the Recitals hereto.


 


“Merger Agreement”
shall have the meaning given in the Recitals hereto.


 


“Merger Sub”
shall have the meaning given in the Recitals hereto.


 






    3


     


    

 


“Minimum Takedown
Threshold” shall have the meaning given in Section 2.1.4.


 


“Misstatement”
shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement
or Prospectus or necessary to make the statements in a Registration Statement or Prospectus (in the case of a Prospectus, in the light
of the circumstances under which they were made) not misleading.


 


“New Registration
Statement” shall have the meaning given in Section 2.1.7.


 


“Other Coordinated
Offering” shall have the meaning given in Section 2.4.1.


 


“Permitted
Transferees” shall mean any person or entity to whom a Holder of Registrable Securities is permitted to transfer such
Registrable Securities prior to the expiration of the Lockup Period pursuant to the Amended and Restated Memorandum and Articles of Association
and the Lockup Agreements to which such Holder is a party.


 


“Person”
shall have the meaning given in the Merger Agreement.


 


“Piggyback Registration”
shall have the meaning given in Section 2.2.1.


 


“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.


 


“Pubco Class A Shares”
means, after the Reclassification, the Class A ordinary shares of no par value of Company, having the rights and being subject the restrictions,
set out in the Amended and Restated Memorandum and Articles of Association.


 


“Pubco Class B Shares”
means, after the Reclassification, the Class B ordinary shares of no par value of Company, having the rights and being subject the restrictions,
set out in the Amended and Restated Memorandum and Articles of Association.


 


“Pubco Shares”
shall mean, individually and collectively, all equity securities of the Company, including, without limitation, the Pubco Class A Shares
and the Pubco Class B Shares.


 


“Reclassification”
shall have the meaning given in the Merger Agreement.


 


“Registrable
Security” shall mean (a) any outstanding Pubco Shares held by a Holder immediately following the Closing (including
any Pubco Shares issued in connection with the Reclassification, or issued or issuable in connection with the Merger pursuant to the
terms of the Merger Agreement), (b) any Pubco Shares issued or issuable upon the conversion or exchange of any other class of Pubco Shares
following the Closing in accordance with the Amended and Restated Memorandum and Articles of Association, (c) any warrants or Pubco Shares
that may be acquired by Holders upon the exercise of a warrant or other right to acquire Pubco Shares held by a Holder immediately following
the Closing, (d) any Pubco Shares or warrants to purchase Pubco Shares (including any Pubco Shares issued or issuable upon the exercise
of any such warrant) of the Company otherwise acquired or owned by a Holder following the date hereof to the extent that such securities
are “restricted securities” (as defined in Rule 144) or are otherwise held by an “affiliate” (as defined in Rule
144) of the Company, (e) any Earnout Shares issued or issuable to a Holder following the Closing, and (f) any other equity security
of the Company or any of its subsidiaries issued or issuable with respect to any securities referenced in clause (a), (b), (c), (d) or
(e) above by way of a stock dividend or stock split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization
or similar transaction; provided, however, that, as to any particular Registrable Security, such security shall cease to
be a Registrable Security upon the earliest to occur of: (A) the transfer of such security by a Holder to any Person other than
(i) an Affiliate or equityholder of such Holder, (ii) a lender pursuant to a bonafide pledge of such Registrable Securities or (iii)
another Holder or an Affiliate or equityholder of such other Holder; (B) the time at which such security ceases to be outstanding;
and (C) upon the sale of such security to, or through, a broker, dealer or underwriter in a public distribution or other public
securities transaction.


 






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“Registration”
shall mean a registration effected by preparing and filing a registration statement, prospectus or similar document in compliance with
the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement
becoming effective.


 


“Registration
Expenses” shall mean the expenses of a Registration, including, without limitation, the following:


 


(A) all registration and
filing fees (including fees with respect to filings required to be made with FINRA) and any national securities exchange on which
the Pubco Shares are then listed;


 


(B) fees and expenses of
compliance with securities or blue sky laws (including reasonable fees and disbursements of outside counsel for the Underwriters in
connection with blue sky qualifications of Registrable Securities);


 


(C) printing, messenger,
telephone and delivery expenses;


 


(D) fees and
disbursements of counsel for the Company, one counsel for the Underwriters (if applicable) and one counsel for the selling Holders
(selected by the Demanding Holder or, if none, by a majority-in-interest of the participating Holders);


 


(E) fees and
disbursements of all independent registered public accountants of the Company incurred specifically in connection with such
Registration; and


 


(F) reasonable fees and
expenses of one legal counsel selected by the majority-in-interest of the securities requested to be registered by the Demanding
Holders in an Underwritten Offering (not to exceed $50,000 without the consent of the Company).


 


“Registration
Statement” shall mean any registration statement that covers Registrable Securities pursuant to the provisions of this
Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments) and supplements
to such registration statement, and all exhibits to and all material incorporated by reference in such registration statement.


 


“Requesting Holders”
shall have the meaning given in Section 2.1.5.


 


“SEC Guidance”
shall have the meaning given in Section 2.1.7.


 


“Securities
Act” shall mean the Securities Act of 1933, as amended from time to time.


 


“Shelf”
shall mean the Form F-1 Shelf, the Form F-3 Shelf or any Subsequent Shelf Registration, as the case may be.


 






    5


     


    

 


“Shelf Registration”
shall mean a registration of securities pursuant to a registration statement filed with the Commission in accordance with and pursuant
to Rule 415 promulgated under the Securities Act (or any successor rule then in effect).


 


“SPAC”
shall have the meaning given in the Preamble hereto.


 


“Sponsor”
shall have the meaning given in the Preamble hereto.


 


“Subsequent Shelf
Registration” shall have the meaning given in Section 2.1.2.


 


“Transfer”
shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act with respect to, any security,
(b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement
of any intention to effect any transaction specified in clause (a) or (b).


 


“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal and not as part of such dealer’s market-making
activities.


 


“Underwritten Offering”
shall mean a Registration in which securities of the Company are sold to an Underwriter in a firm commitment underwriting for distribution
to the public.


 


“Underwritten Shelf
Takedown” shall have the meaning given in Section 2.1.4.


 


“Withdrawal Notice”
shall have the meaning given in Section 2.1.6.


 


Article
II

REGISTRATIONS AND OFFERINGS


 


2.1              
Shelf Registration.


 


2.1.1         
Filing. The Company shall file within 30 days of the Closing Date, and use commercially reasonable efforts to cause
to be declared effective as soon as practicable thereafter, a Registration Statement for a Shelf Registration on Form F-1 or Form S-1,
as applicable (the “Form F-1 Shelf”) or, if the Company is eligible to use a Registration Statement on Form F-3 or
Form S-3, a Shelf Registration on Form F-3 or Form S-3, as applicable (the “Form F-3 Shelf”), in each case, covering
the resale of all the Registrable Securities (determined as of two business days prior to such filing) on a delayed or continuous basis.
Such Shelf shall provide for the resale of the Registrable Securities included therein pursuant to any method or combination of methods
legally available to, and requested by, any Holder named therein. The Company shall maintain a Shelf in accordance with the terms hereof,
and shall prepare and file with the SEC such amendments, including post-effective amendments, and supplements as may be necessary to keep
a Shelf continuously effective, available for use and in compliance with the provisions of the Securities Act until such time as there
are no longer any Registrable Securities. In the event the Company files a Form F-1 Shelf, the Company shall use its commercially reasonable
efforts to convert the Form F-1 Shelf (and any Subsequent Shelf Registration) to a Form F-3 Shelf as soon as practicable after the Company
is eligible to use Form F-3.


 






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2.1.2         
Subsequent Shelf Registration. If any Shelf ceases to be effective under the Securities Act for any reason at any
time while Registrable Securities are still outstanding, the Company shall, subject to Section 3.4, use its commercially reasonable
efforts to as promptly as is reasonably practicable cause such Shelf to again become effective under the Securities Act (including obtaining
the prompt withdrawal of any order suspending the effectiveness of such Shelf), and shall use its commercially reasonable efforts to as
promptly as is reasonably practicable amend such Shelf in a manner reasonably expected to result in the withdrawal of any order suspending
the effectiveness of such Shelf or file an additional registration statement as a Shelf Registration (a “Subsequent Shelf Registration”)
registering the resale of all Registrable Securities (determined as of two business days prior to such filing), and pursuant to any method
or combination of methods legally available to, and requested by, any Holder named therein. If a Subsequent Shelf Registration is filed,
the Company shall use its commercially reasonable efforts to (i) cause such Subsequent Shelf Registration to become effective under the
Securities Act as promptly as is reasonably practicable after the filing thereof (it being agreed that the Subsequent Shelf Registration
shall be an automatic shelf registration statement (as defined in Rule 405 promulgated under the Securities Act) if the Company is a well-known
seasoned issuer (as defined in Rule 405 promulgated under the Securities Act) at the most recent applicable eligibility determination
date), and (ii) keep such Subsequent Shelf Registration continuously effective, available for use and in compliance with the provisions
of the Securities Act until such time as there are no longer any Registrable Securities. Any such Subsequent Shelf Registration shall
be on Form F-3 or Form S-3, as applicable, to the extent that the Company is eligible to use such form. Otherwise, such Subsequent Shelf
Registration shall be on another appropriate form.


 


2.1.3         
Additional Registerable Securities. In the event that any Holder holds Registrable Securities that are not registered
for resale on a delayed or continuous basis, the Company, upon written request of the Sponsor, shall promptly use its commercially reasonable
efforts to cause the resale of such Registrable Securities to be covered by either, at the Company’s option, any then available
Shelf (including by means of a post-effective amendment) or by filing a Subsequent Shelf Registration and cause the same to become effective
as soon as practicable after such filing and such Shelf or Subsequent Shelf Registration shall be subject to the terms hereof.


 


2.1.4         
Requests for Underwritten Shelf Takedowns. At any time and from time to time when an effective Shelf is on file with
the Commission, (i) the Sponsor (or any lender to the Sponsor who receives Registrable Securities as a result of a foreclosure of Sponsor’s
pledge on such securities) or (ii) any Major Legacy Equityholder (being, in such case, a “Demanding Holder”) may request
to sell all or any portion of its Registrable Securities in an Underwritten Offering or other coordinated offering that is registered
pursuant to the Shelf (each, an “Underwritten Shelf Takedown”); provided, that the Company shall only be obligated
to effect an Underwritten Shelf Takedown if such offering shall include Registrable Securities proposed to be sold by all Holders selling
any Registrable Securities in such offering with a total offering price reasonably expected to exceed, in the aggregate, $30 million (the
 “Minimum Takedown Threshold”); and each Demanding Holder shall be permitted to request three Underwritten Shelf Takedowns
per calendar year. All requests for Underwritten Shelf Takedowns shall be made by giving written notice to the Company, which shall specify
the approximate number of Registrable Securities proposed to be sold in the Underwritten Shelf Takedown. Subject to Section 2.4.4,
the Demanding Holder shall have the right to select the Underwriters for such offering (which shall consist of one or more reputable nationally
recognized investment banks), subject to the Company’s prior approval (which shall not be unreasonably withheld, conditioned or
delayed).


 


2.1.5         
Reduction of Underwritten Offering. If the managing Underwriter or Underwriters in an Underwritten Shelf Takedown,
in good faith, advises the Company, the Demanding Holder and the Holders requesting piggy back rights pursuant to this Agreement with
respect to such Underwritten Shelf Takedown (the “Requesting Holders”) (if any) in writing that the dollar amount or
number of Registrable Securities that the Demanding Holder and the Requesting Holders (if any) desire to sell, taken together with all
other Pubco Shares or other equity securities that the Company desires to sell and all other Pubco Shares or other equity securities,
if any, that have been requested to be sold in such Underwritten Offering pursuant to separate written contractual piggy-back registration
rights held by any other shareholders, exceeds the maximum dollar amount or maximum number of equity securities that can be sold in the
Underwritten Offering without adversely affecting the proposed offering price, the timing, the distribution method, or the probability
of success of such offering (such maximum dollar amount or maximum number of such securities, as applicable, the “Maximum Number
of Securities”), then the Company shall include in such Underwritten Offering, before including any Pubco Shares or other equity
securities proposed to be sold by Company or by other holders of Pubco Shares or other equity securities, the Registrable Securities of
the Demanding Holder and the Requesting Holders (if any) (pro rata based on the respective number of Registrable Securities that such
Demanding Holder and Requesting Holder (if any) has requested be included in such Underwritten Shelf Takedown and the aggregate number
of Registrable Securities that the Demanding Holder and Requesting Holders have requested be included in such Underwritten Shelf Takedown)
that can be sold without exceeding the Maximum Number of Securities.


 






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2.1.6         
Withdrawal. Prior to the filing of the applicable “red herring” prospectus or prospectus supplement used
for marketing such Underwritten Shelf Takedown, the Demanding Holder initiating an Underwritten Shelf Takedown shall have the right to
withdraw from such Underwritten Shelf Takedown for any or no reason whatsoever upon written notification (a “Withdrawal Notice”)
to the Company and the Underwriter or Underwriters (if any) of its intention to withdraw from such Shelf Takedown, and such Underwritten
Shelf Takedown shall not be counted as a demand for an Underwritten Shelf Takedown under Section 2.1.4 hereof; provided that the
Requesting Holders may elect to have the Company continue an Underwritten Shelf Takedown if the Minimum Takedown Threshold would still
be satisfied by the Registrable Securities proposed to be sold in the Underwritten Shelf Takedown. Following the receipt of any Withdrawal
Notice, the Company shall promptly forward such Withdrawal Notice to any other Holders that had elected to participate in such Shelf Takedown.
Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in
connection with a Shelf Takedown prior to its withdrawal under this Section 2.1.6. Notwithstanding anything to the contrary in
this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with a Shelf Takedown prior to its
withdrawal under this Section 2.1.6.


 


2.1.7         
New Registration Statement. Notwithstanding the registration obligations set forth in this Section 2.1, in
the event the Commission informs the Company that the Registrable Securities cannot, as a result of the application of Rule 415, be registered
for resale as a secondary offering on a single registration statement, the Company agrees to promptly (i) inform each of the holders thereof
and file amendments to the Shelf Registration as required by the Commission and/or (ii) withdraw the Shelf Registration and file a new
registration statement (a “New Registration Statement”), on Form F-3 or Form S-3, as applicable, or if such forms are
not then available to the Company for such registration statement, on such other form available to register for resale of the Registrable
Securities as a secondary offering; provided, however, that prior to filing such amendment or New Registration Statement, the Company
shall advocate with the Commission for the registration of all of the Registrable Securities in accordance with any publicly-available
written or oral guidance, comments, requirements or requests of the Commission staff (“SEC Guidance”), including without
limitation, the Manual of Publicly Available Telephone Interpretations D.29. Notwithstanding any other provision of this Agreement, if
any SEC Guidance sets forth a limitation of the number of Registrable Securities permitted to be registered on a particular Registration
Statement as a secondary offering (and notwithstanding that the Company advocated with the Commission for the registration of all or a
greater number of Registrable Securities), unless otherwise directed in writing by a holder as to its Registrable Securities, the number
of Registrable Securities to be registered on such Registration Statement will be reduced on a pro rata basis based on the total number
of Registrable Securities held by the Holders, subject to a determination by the Commission that certain Holders must be reduced first
based on the number of Registrable Securities held by such Holders. In the event the Company amends the Shelf Registration or files a
New Registration Statement, as the case may be, under clauses (i) or (ii) above, the Company will file with the Commission, as promptly
as allowed by Commission or SEC Guidance provided to the Company or to registrants of securities in general, one or more registration
statements on Form F-3, Form S-3, or such other form available to register for resale those Registrable Securities that were not registered
for resale on the Shelf Registration, as amended, or the New Registration Statement.


 






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2.1.8         
Effective Registration. Notwithstanding the provisions of Sections 2.1.3 or 2.1.4 above or any other
part of this Agreement, a Registration shall not count as a Registration unless and until (i) the Registration Statement has been declared
effective by the Commission, and (ii) the Company has complied with all of its obligations under this Agreement with respect thereto;
provided, however, that, if after such Registration Statement has been declared effective, an offering of Registrable Securities
is subsequently interfered with by any stop order or injunction of the Commission, federal or state court or any other governmental agency
the Registration Statement with respect to such Registration shall be deemed not to have been declared effective, unless and until, (i)
such stop order or injunction is removed, rescinded or otherwise terminated, and (ii) a majority-in-interest of the Demanding Holders
initiating such Registration thereafter affirmatively elect to continue with such Registration and accordingly notify the Company in writing,
but in no event later than five (5) days, of such election; provided, further, that the Company shall not be obligated or
required to file another Registration Statement until the Registration Statement that has been previously filed with respect to a Registration
pursuant to a Demand Registration becomes effective or is subsequently terminated.


 


2.2              
Piggyback Registration.


 


2.2.1         
Piggyback Rights. Subject to Section 2.4.3, if the Company or any Holder proposes to conduct a registered
offering of, or if the Company proposes to file a Registration Statement under the Securities Act with respect to the Registration of,
equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into equity securities, for its
own account or for the account of shareholders of the Company (or by the Company and by the shareholders of the Company including, without
limitation, an Underwritten Shelf Takedown pursuant to Section 2.1 hereof), other than a Registration Statement (or any registered
offering with respect thereto) (i) filed in connection with any employee stock option or other benefit plan, (ii) pursuant to a Registration
Statement on Form F-4 or Form S-4 (or other similar form that relates to a transaction subject to Rule 145 under the Securities Act or
any successor rule thereto), (iii) for an offering of debt that is convertible into equity securities of the Company, (iv) for a dividend
reinvestment plan, or (v) for a rights offering, then the Company shall give written notice of such proposed offering to all of the Holders
of Registrable Securities as soon as practicable but not less than 10 days before the anticipated filing date of such Registration Statement
or, in the case of an Underwritten Offering pursuant to a Shelf Registration, the applicable “red herring” prospectus or prospectus
supplement used for marketing such offering, which notice shall (A) describe the amount and type of securities to be included in such
offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, in such offering,
and (B) offer to all of the Holders of Registrable Securities the opportunity to include in such registered offering such number of Registrable
Securities as such Holders may request in writing within five (5) days after receipt of such written notice (such registered offering,
a “Piggyback Registration”). Subject to Section 2.2.2, the Company shall, in good faith, cause such Registrable
Securities to be included in such Piggyback Registration and, if applicable, shall use its commercially reasonable efforts to cause the
managing Underwriter or Underwriters of such Piggyback Registration to permit the Registrable Securities requested by the Holders pursuant
to this Section 2.2.1 to be included therein on the same terms and conditions as any similar securities of the Company included
in such registered offering and to permit the sale or other disposition of such Registrable Securities in accordance with the intended
method(s) of distribution thereof. The inclusion of any Holder’s Registrable Securities in a Piggyback Registration shall be subject
to such Holder’s agreement to enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten
Offering.


 






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2.2.2         
Reduction of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Offering that
is to be a Piggyback Registration, in good faith, advises the Company and the Holders of Registrable Securities participating in the Piggyback
Registration in writing that the dollar amount or number of the Pubco Shares or other equity securities that the Company desires to sell,
taken together with (i) the Pubco Shares or other equity securities, if any, as to which Registration or a registered offering has been
demanded pursuant to separate written contractual arrangements with persons or entities other than the Holders of Registrable Securities
hereunder, (ii) the Registrable Securities as to which registration has been requested pursuant to Section 2.2 hereof, and (iii)
the Pubco Shares or other equity securities, if any, as to which Registration or a registered offering has been requested pursuant to
separate written contractual piggy-back registration rights of other shareholders of the Company, exceeds the Maximum Number of Securities,
then:


 


(a)               
if the Registration or registered offering is undertaken for the Company’s account, the Company shall include in any
such Registration or registered offering (A) first, the Pubco Shares or other equity securities that the Company desires to sell, which
can be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of Securities has not
been reached under the foregoing clause (A), the Registrable Securities of Holders exercising their rights to register their Registrable
Securities pursuant to Section 2.2.1, pro rata, based on the respective number of Registrable Securities that each Holder
has requested be included in such Underwritten Offering and the aggregate number of Registrable Securities that the Holders have requested
to be included in such Underwritten Offering, which can be sold without exceeding the Maximum Number of Securities; and (C) third, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A) and (B), the Pubco Shares or other
equity securities, if any, as to which Registration or a registered offering has been requested pursuant to written contractual piggy-back
registration rights of persons or entities other than the Holders of Registrable Securities hereunder;


 


(b)               
if the Registration or registered offering is pursuant to a request by persons or entities other than the Holders of Registrable
Securities, then the Company shall include in any such Registration or registered offering (A) first, the Pubco Shares or other equity
securities, if any, of such requesting persons or entities, other than the Holders of Registrable Securities, which can be sold without
exceeding the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under
the foregoing clause (A), the Registrable Securities of Holders exercising their rights to register their Registrable Securities pursuant
to Section 2.2.1, pro rata, based on the respective number of Registrable Securities that each Holder has requested be included
in such Underwritten Offering and the aggregate number of Registrable Securities that the Holders have requested to be included in such
Underwritten Offering, which can be sold without exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum
Number of Securities has not been reached under the foregoing clauses (A) and (B), the shares of Pubco Shares or other equity securities
that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities; and (D) fourth, to the extent
that the Maximum Number of Securities has not been reached under the foregoing clauses (A), (B) and (C), the shares of Pubco Shares or
other equity securities for the account of other persons or entities that the Company is obligated to register pursuant to separate written
contractual arrangements with such persons or entities, which can be sold without exceeding the Maximum Number of Securities; and


 


(c)               
if the Registration or registered offering is pursuant to a request by Holder(s) of Registrable Securities pursuant to Section
2.1 hereof, then the Company shall include in any such Registration or registered offering securities in the priority set forth in
Section 2.1.5.


 






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2.2.3         
Piggyback Registration Withdrawal. Any Holder of Registrable Securities (other than the Demanding Holder, whose right
to withdrawal from an Underwritten Shelf Takedown, and related obligations, shall be governed by Section 2.1.6) shall have the
right to withdraw from a Piggyback Registration for any or no reason whatsoever upon written notification to the Company and the Underwriter
or Underwriters (if any) of his, her or its intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration
Statement filed with the Commission with respect to such Piggyback Registration or, in the case of a Piggyback Registration pursuant to
a Shelf Registration, the filing of the applicable “red herring” prospectus or prospectus supplement with respect to such
Piggyback Registration used for marketing such transaction. The Company (whether on its own good faith determination or as the result
of a request for withdrawal by persons pursuant to separate written contractual obligations) may withdraw a Registration Statement filed
with the Commission in connection with a Piggyback Registration (which, in no circumstance, shall include the Shelf) at any time prior
to the effectiveness of such Registration Statement. Notwithstanding anything to the contrary in this Agreement (other than Section
2.1.6), the Company shall be responsible for the Registration Expenses incurred in connection with the Piggyback Registration prior
to its withdrawal under this Section 2.2.3.


 


2.2.4         
Unlimited Piggyback Registration Rights. For purposes of clarity, subject to Section 2.1.6, any Piggyback
Registration effected pursuant to Section 2.2 hereof shall not be counted as a demand for an Underwritten Shelf Takedown under
Section 2.1.4 hereof.


 


2.3              
Market Stand-off. In connection with any Underwritten Offering of equity securities of the Company (other than a
Block Trade or Other Coordinated Offering), each Holder given an opportunity to participate in the Underwritten Offering pursuant to the
terms of this Agreement agrees that it shall not initiate a new Transfer any Pubco Shares or other equity securities of the Company (other
than those included in such offering pursuant to this Agreement), without the prior written consent of the Company, during the 90-day
period beginning on the date of pricing of such offering or such shorter period during which the Company agrees not to conduct an underwritten
primary offering of Pubco Shares, except (i) in the event the Underwriters managing the offering otherwise agree by written consent and
(ii) Rule 10b5-1 trading plans (or similar plan) in effect prior to such 90-day period. Each Holder agrees to execute a customary lock-up
agreement in favor of the Underwriters to such effect (in each case on substantially the same terms and conditions as all such Holders).


 


2.4              
Block Trades; Other Coordinated Offerings.


 


2.4.1         
Notwithstanding any other provision of Article II, but subject to Sections 2.3 and 3.4, at any time and from
time to time when an effective Shelf is on file with the Commission and effective, if a Demanding Holder wishes to engage in (a) a Block
Trade or (b) an “at the market” or similar registered offering through a broker, sales agent or distribution agent, whether
as agent or principal (an “Other Coordinated Offering”), in each case with a total offering price reasonably expected to exceed,
in the aggregate, either the lesser of (x) $10 million and (y) all remaining Registrable Securities held by the Demanding Holder, then
notwithstanding the time periods provided for in Section 2.1.4, such Demanding Holder shall notify the Company of the Block Trade
or Other Coordinated Offering at least five (5) business days prior to the day such offering is to commence and the Company shall as expeditiously
as possible use its commercially reasonable efforts to facilitate such Block Trade or Other Coordinated Offering; provided that the Demanding
Holders representing a majority of the Registrable Securities wishing to engage in the Block Trade or Other Coordinated Offering shall
use commercially reasonable efforts to work with the Company and any Underwriters or placement agents or sales agents prior to making
such request in order to facilitate preparation of the registration statement, prospectus and other offering documentation related to
the Block Trade or Other Coordinated Offering and any related due diligence and comfort procedures, in accordance with Sections 3.1.11
and 3.1.12.


 






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2.4.2         
Prior to the filing of the applicable “red herring” prospectus or prospectus supplement used in connection with
a Block Trade or Other Coordinated Offering, a majority-in-interest of the Demanding Holders initiating such Block Trade or Other Coordinated
Offering shall have the right to submit a Withdrawal Notice to the Company and the Underwriter or Underwriters or placement agents or
sales agents (if any) of their intention to withdraw from such Block Trade or Other Coordinated Offering. Notwithstanding anything to
the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with a Block Trade
or Other Coordinated Offering prior to its withdrawal under this Section 2.4.2.


 


2.4.3         
Any Registration effected pursuant to this Section 2.4 shall be deemed an Underwritten Shelf Takedown and within
the cap on Underwritten Shelf Takedowns provided in the last sentence of Section 2.1.4. Notwithstanding anything to the contrary
in this Agreement, Section 2.2 hereof shall not apply to a Block Trade or Other Coordinated Offering initiated by a Demanding Holder
pursuant to this Agreement.


 


2.4.4         
The Company shall have the right to consent to the Underwriters and any sale agents or placement agents (if any) for such
Block Trade or Other Coordinated Offering (in each case, which shall consist of one or more reputable nationally recognized investment
banks), which consent will not be unreasonably withheld, conditioned or delayed.


 


Article
III

COMPANY PROCEDURES


 


3.1              
General Procedures. In connection with any Shelf and/or Shelf Takedown, the Company
shall use its commercially reasonable efforts to effect such Registration to permit the sale of such Registrable Securities in accordance
with the intended plan of distribution thereof, and pursuant thereto the Company shall, as expeditiously as possible:


 


3.1.1         
prepare and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities
and use its reasonable best efforts to cause such Registration Statement to become effective and remain effective until all Registrable
Securities have ceased to be Registrable Securities;


 


3.1.2         
prepare and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such
supplements to the Prospectus, as may be reasonably requested by any Holder that holds at least five (5.0%) percent of the Registrable
Securities registered on such Registration Statement or any Underwriter of Registrable Securities or as may be required by the rules,
regulations or instructions applicable to the registration form used by the Company or by the Securities Act or rules and regulations
thereunder to keep the Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold
in accordance with the intended plan of distribution set forth in such Registration Statement or supplement to the Prospectus;


 


3.1.3         
prior to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to
the Underwriters, if any, and the Holders of Registrable Securities included in such Registration, and such Holders’ legal counsel,
copies of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case
including all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement
(including each preliminary Prospectus), and such other documents as the Underwriters and the Holders of Registrable Securities included
in such Registration or the legal counsel for any such Holders may request in order to facilitate the disposition of the Registrable Securities
owned by such Holders;


 






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3.1.4         
prior to any public offering of Registrable Securities (i) register or qualify the Registrable Securities covered by the
Registration Statement under such securities or “blue sky” laws of such jurisdictions
in the United States as the Holders of Registrable Securities included in such Registration Statement (in light of their intended plan
of distribution) may request (or provide evidence satisfactory to such Holders that the Registrable Securities are exempt from such registration
or qualification) and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be
registered with or approved by such other governmental authorities as may be necessary by virtue of the business and operations of the
Company and do any and all other acts and things that may be necessary or advisable to enable the Holders of Registrable Securities included
in such Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however,
that the Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required
to qualify or take any action to which it would be subject to general service of process or taxation in any such jurisdiction where it
is not then otherwise so subject;


 


3.1.5         
cause all such Registrable Securities to be listed on each national securities exchange on which similar securities issued
by the Company are then listed;


 


3.1.6         
provide a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than
the effective date of such Registration Statement;


 


3.1.7         
advise each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of
the issuance of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening
of any proceeding for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order or to obtain
its withdrawal if such stop order should be issued;


 


3.1.8         
at least five (5) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to
such Registration Statement or Prospectus (or such shorter period of time as may be necessary in order to comply with the Securities Act,
the Exchange Act, and the rules and regulations promulgated under the Securities Act or Exchange Act, as applicable), furnish a copy thereof
to each seller of such Registrable Securities or its counsel (excluding any exhibits thereto and any filing made under the Exchange Act
that is to be incorporated by reference therein);


 


3.1.9         
notify the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under
the Securities Act, of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then
in effect, includes a Misstatement, and then to correct such Misstatement as set forth in Section 3.4 hereof;


 


3.1.10     
permit a representative of the Holders, the Underwriters, if any, and any attorney or accountant retained by such Holders
or Underwriter to participate, in the preparation of the Registration Statement, and cause the Company’s officers, directors and
employees to supply all information reasonably requested by any such representative, Underwriter, attorney or accountant in connection
with the Registration; provided, however, that such representatives or Underwriters agree to confidentiality arrangements
reasonably satisfactory to the Company, prior to the release or disclosure of any such information;


 


3.1.11     
obtain a “comfort” letter from the Company’s independent registered public accountants in the event of
an Underwritten Offering, Block Trade or other Coordinated Offering that is registered pursuant to a Registration Statement, in customary
form and covering such matters of the type customarily covered by “comfort” letters as the managing Underwriter or other similar
type of sales agent or placement agent may reasonably request, and reasonably satisfactory to a majority-in-interest of the participating
Holders;


 






    13


     


    

 


3.1.12     
on the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion, dated such
date, of counsel representing the Company for the purposes of such Registration, addressed to the Holders, the placement agent or sales
agent, if any, and the Underwriters, if any, covering such legal matters with respect to the Registration in respect of which such opinion
is being given as the Holders, placement agent, sales agent, or Underwriter may reasonably request and as are customarily included in
such opinions and negative assurance letters, and reasonably satisfactory to a majority-in-interest of the participating Holders;


 


3.1.13     
in the event of any Underwritten Offering or other coordinated offering that is registered pursuant to a Registration Statement,
enter into and perform its obligations under an underwriting agreement, sales agreement or placement agreement, in usual and customary
form, with the managing Underwriter, sales agent or placement agent of such offering;


 


3.1.14     
make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of
at least 12 months beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration
Statement which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule then in
effect);


 


3.1.15     
if the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $30 million
with respect to an Underwritten Offering pursuant to Section 2.1.4, use its reasonable efforts to make available senior executives
of the Company to participate in customary “road show” presentations that may be reasonably requested by the Underwriter in
such Underwritten Offering;


 


3.1.16     
otherwise, in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the
Holders, in connection with such Registration; and


 


3.1.17     
upon request of a Holder, the Company shall (i) authorize the Company’s transfer agent to remove any legend on share
certificates of such Holder’s Pubco Shares restricting further transfer (or any similar restriction in book entry positions of such
Holder) if such restrictions are no longer required by the Securities Act or any applicable state securities laws or any agreement with
the Company to which such Holder is a party, including if such shares subject to such a restriction have been sold on a Registration Statement,
(ii) request the Company’s transfer agent to issue in lieu thereof Pubco Shares without such restrictions to the Holder upon, as
applicable, surrender of any stock certificates evidencing such shares of Pubco Shares, or to update the applicable book entry position
of such Holder so that it no longer is subject to such a restriction, and (iii) use commercially reasonable efforts to cooperate with
such Holder to have such Holder’s Pubco Shares transferred into a book-entry position at The Depository Trust Company, in each case,
subject to delivery of customary documentation, including any documentation required by such restrictive legend or book-entry notation.


 


Notwithstanding the foregoing,
the Company shall not be required to provide any documents or information to an Underwriter or other sales agent or placement agent if
such Underwriter or other sales agent or placement agent has not then been named with respect to the applicable Underwritten Offering
or other coordinated offering that is registered pursuant to a Registration Statement.


 


3.2              
Registration Expenses. The Registration Expenses of all Registrations shall be borne
by the Company. It is acknowledged by the Holders that the Holders selling any Registrable Securities in an offering shall bear all incremental
selling expenses relating to the sale of Registrable Securities, such as Underwriters’ or agents’ commissions and discounts,
brokerage fees, Underwriter marketing costs and, other than as set forth in the definition of “Registration Expenses,”
all reasonable fees and expenses of any legal counsel representing the Holders, in each case pro rata based on the number of Registrable
Securities that such Holders have sold in such Registration.


 






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3.3              
Requirements for Participation in Registration Statement Underwritten Offerings. Notwithstanding
anything in this Agreement to the contrary, if any Holder does not provide the Company with its requested Holder Information, the Company
may exclude such Holder’s Registrable Securities from the applicable Registration Statement or Prospectus if the Company determines,
based on the advice of counsel, that such information is necessary to effect the registration and such Holder continues thereafter to
withhold such information. No person may participate in any Underwritten Offering or other coordinated offering for equity securities
of the Company pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell such person’s
securities on the basis provided in any arrangements approved by the Company and (ii) completes and executes all customary questionnaires,
powers of attorney, indemnities, lock-up agreements, underwriting or other agreements and other customary documents as may be reasonably
required under the terms of such arrangements. The exclusion of a Holder’s Registrable Securities as a result of this Section 3.3
shall not affect the registration of the other Registrable Securities to be included in such Registration. 


 


3.4              
Suspension of Sales; Adverse Disclosure; Restrictions on Registration Rights.


 


3.4.1         
Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement, each
of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended
Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement or amendment
as soon as practicable after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus
may be resumed.


 


3.4.2         
If the filing, initial effectiveness or continued use of a Registration Statement in respect of any Registration at any
time would (a) require the Company to make an Adverse Disclosure, (b) require the inclusion in such Registration Statement of
financial statements that are unavailable to the Company for reasons beyond the Company’s control, or (c) in the good faith
judgment of the majority of the Board, be seriously detrimental to the Company and the majority of the Board concludes as a result that
it is essential to defer such filing, initial effectiveness or continued use at such time, the Company may, upon giving prompt written
notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such Registration Statement for
the shortest period of time determined in good faith by the Company to be necessary for such purpose (any such period, a “Blackout
Period”); provided, that no Blackout Period shall exceed more than 60 consecutive days after the request of the Holders
is given. In the event the Company exercises its rights under this Section 3.4.2, the Holders agree to suspend, immediately
upon their receipt of the notice referred to above, their use of the Prospectus relating to any Registration in connection with any sale
or offer to sell Registrable Securities.


 


3.4.3         
(a) During the period starting with the date 60 days prior to the Company’s good faith estimate of the date of the
filing of, and ending on a date 90 days after the effective date of, a Company-initiated Registration and provided that the Company continues
to actively employ, in good faith, all reasonable efforts to maintain the effectiveness of the applicable Shelf, or (b) if, pursuant to
Section 2.1.4, Holders have requested an Underwritten Shelf Takedown and the Company and such Holders are unable to obtain the
commitment of underwriters to firmly underwrite such offering, the Company may, upon giving prompt written notice of such action to the
Holders, delay any other registered offering pursuant to Sections 2.1.4 or 2.4.


 






    15


     


    

 


3.4.4         
The right to delay or suspend any filing, initial effectiveness or continued use of a Registration Statement pursuant to
Section 3.4.2 or a registered offering pursuant to Section 3.4.3 shall be exercised by the Company, in the aggregate, for
not more than 60 consecutive calendar days and not more than twice during any 12-month period.


 


3.5              
Reporting Obligations. As long as any Holder shall own Registrable Securities, the
Company, at all times while it shall be a reporting company under the Exchange Act, covenants to file timely (or obtain extensions in
respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant
to Sections 13(a) or 15(d) of the Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings;
provided that any documents publicly filed or furnished with the Commission pursuant to the Electronic Data Gathering, Analysis
and Retrieval System shall be deemed to have been furnished or delivered to the Holders pursuant to this Section 3.5. The Company
further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from time to
time to enable such Holder to sell shares of Pubco Shares held by such Holder without registration under the Securities Act within the
limitation of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule then in effect). Upon the
request of any Holder, the Company shall deliver to such Holder a written certification of a duly authorized officer as to whether it
has complied with such requirements.


 


Article
IV

INDEMNIFICATION AND CONTRIBUTION


 


4.1              
Indemnification.


 


4.1.1         
The Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers, directors
and agents and each person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities
and out-of-pocket expenses (including without limitation reasonable outside attorneys’ fees) resulting from any untrue or alleged
untrue statement of material fact contained in any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof
or supplement thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements
therein not misleading, except insofar as the same are caused by or contained in any information or affidavit so furnished in writing
to the Company by such Holder expressly for use therein, or any violation by the Company of the Securities Act or any rule or regulation
promulgated thereunder applicable to the Company and relating to action or inaction of the Company in connection therewith.


 


4.1.2         
In connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder
shall furnish to the Company in writing such information and affidavits as the Company reasonably requests for use in connection with
any such Registration Statement or Prospectus (the “Holder Information”) and, to the extent permitted by law, shall
indemnify the Company, its directors, officers and agents and each person who controls the Company (within the meaning of the Securities
Act) against all losses, claims, damages, liabilities and out-of-pocket expenses (including without limitation reasonable outside attorneys’
fees) resulting from any untrue or alleged untrue statement of material fact contained in any Registration Statement, Prospectus or preliminary
Prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is contained
in any information or affidavit so furnished in writing by such Holder expressly for use therein; provided, however, that
the obligation to indemnify shall be several, not joint and several, among such Holders of Registrable Securities, and the liability of
each such Holder of Registrable Securities shall be in proportion to and limited to the net proceeds received by such Holder from the
sale of Registrable Securities pursuant to such Registration Statement. The Holders of Registrable Securities shall indemnify the Underwriters,
their officers, directors and each person who controls such Underwriters (within the meaning of the Securities Act) to the same extent
as provided in the foregoing with respect to indemnification of the Company.


 






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4.1.3         
Any person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim
with respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s right
to indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless in such
indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with
respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the
indemnified party. If such defense is assumed, the indemnifying party shall not be subject to any liability for any settlement made by
the indemnified party without its consent (but such consent shall not be unreasonably withheld). An indemnifying party who is not entitled
to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel for all
parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party
a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim.
No indemnifying party shall, without the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement
which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms
of such settlement) or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
indemnified party of a release from all liability in respect to such claim or litigation.


 


4.1.4         
The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive
the transfer of securities. The Company and each Holder of Registrable Securities participating in an offering also agrees to make such
provisions as are reasonably requested by any indemnified party for contribution to such party in the event the Company’s or such
Holder’s indemnification is unavailable for any reason.


 


4.1.5         
If the indemnification provided under Section 4.1 hereof from the indemnifying party is unavailable or insufficient
to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities and out-of-pocket expenses referred to herein,
then the indemnifying party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified
party as a result of such losses, claims, damages, liabilities and out-of-pocket expenses in such proportion as is appropriate to reflect
the relative fault of the indemnifying party and the indemnified party, as well as any other relevant equitable considerations. The relative
fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action in question,
including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, was made
by, or relates to information supplied by, such indemnifying party or indemnified party, and the indemnifying party’s and indemnified
party’s relative intent, knowledge, access to information and opportunity to correct or prevent such action; provided, however,
that the liability of any Holder under this Section 4.1.5 shall be limited to the amount of the net proceeds received by such Holder
in such offering giving rise to such liability. The amount paid or payable by a party as a result of the losses or other liabilities referred
to above shall be deemed to include, subject to the limitations set forth in Sections 4.1.1, 4.1.2 and 4.1.3 above,
any legal or other fees, charges or out-of-pocket expenses reasonably incurred by such party in connection with any investigation or proceeding.
The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.1.5 were determined
by pro rata allocation or by any other method of allocation, which does not take account of the equitable considerations referred
to in this Section 4.1.5. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution pursuant to this Section 4.1.5 from any person who was not guilty of such fraudulent misrepresentation.


 






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Article
V

MISCELLANEOUS


 


5.1              
Notices. All notices and other communications among the parties shall be in writing
and shall be deemed to have been duly given (i) when delivered in person, or (ii) when delivered by FedEx or other nationally recognized
overnight delivery service, in each case with a copy sent by e-mail to such Holder. Any notice or communication under this Agreement
must be addressed, if to the Company, to [ __ ], with a copy (which will not constitute notice) to Wilson Sonsini Goodrich & Rosati,
P.C., 1301 Avenue of the Americas, New York, NY 10019, Attn: Megan J. Baier and Michael Labriola, and if to any Holder, at such Holder’s
address and e-mail address as set forth in the Company’s books and records. Any Party may change the address to which notices,
requests, demands, claims and other communications hereunder are to be delivered by giving the Company notice in the manner herein set
forth.


 


5.2              
Assignment; No Third Party Beneficiaries.


 


5.2.1         
This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company
in whole or in part.


 


5.2.2         
A Holder may assign or delegate such Holder’s rights, duties or obligations under this Agreement, in whole or in part,
to any person to whom it transfers Registrable Securities; provided that such Registrable Securities remain Registrable Securities following
such transfer and such person agrees to become bound by the terms and provisions of this Agreement.


 


5.2.3         
No assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or
obligate the Company unless and until the Company shall have received (i) written notice of such assignment as provided in Section
5.1 hereof, and (ii) the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms
and provisions of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement).


 


5.2.4         
Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective permitted successors and assigns. Any attempted assignment in violation of the terms of this Section 5.2 shall be null
and void, ab initio.


 


5.2.5         
This Agreement shall not confer any rights or benefits on any persons that are not parties
hereto, other than as expressly set forth in this Agreement and Section 5.2 hereof.


 


5.3              
Captions. The captions in this Agreement are for convenience only and shall not be
considered a part of or affect the construction or interpretation of any provision of this Agreement. 


 


5.4              
Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart
of a signature page to this Agreement by electronic means, including DocuSign, e-mail, or scanned pages shall be effective as delivery
of a manually executed counterpart to this Agreement, and such signature shall create a valid and binding obligation of the party executing
(or on whose behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.


 






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5.5              
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 is not affected in any manner materially adverse to any party. Upon such
determination that any term or other provision of this Agreement is invalid, illegal or unenforceable under applicable Law, the parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in an acceptable manner in order that the Transactions (including the Merger) are consummated as originally contemplated to the greatest
extent possible.


 


5.6              
Governing Law. This Agreement, the rights and duties of the parties hereto, any disputes
(whether in contract, tort or statute), and the legal relations between the parties arising hereunder shall be governed by and interpreted
and enforced in accordance with the laws of the State of New York without reference to its conflicts of law provisions.


 


5.7              
Jurisdiction. Each party hereto irrevocably and unconditionally submits to the exclusive
jurisdiction of the courts of the State of New York located in the City and County of New York or in the United States District Court
for the Southern District of New York, 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 hereto in respect of this Agreement
or any of the transactions 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 hereto 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 5.7 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 in accordance with Section XX shall be effective
service of process for any such proceeding, claim, demand, action or cause of action. Nothing in this Agreement will affect the right
of any party herein to serve process in any other manner permitted by applicable law.


 


5.8              
Remedies. The parties hereto agree that irreparable damage for which monetary damages,
even if available, would not be an adequate remedy, would occur in the event that the parties hereto do not perform their obligations
under the provisions of this Agreement in accordance with its specified terms or otherwise breach such provisions. The parties hereto
acknowledge and agree that (i) such parties shall be entitled to an injunction, specific performance, or other equitable relief, to prevent
breaches of this Agreement and to enforce specifically the terms and provisions hereof and thereof, without proof of damages and without
posting a bond, prior to the valid termination of this Agreement, this being in addition to any other remedy to which they are entitled
under this Agreement, and (ii) the right of specific enforcement is an integral part of the transactions contemplated hereby and without
that right, none of the parties hereto would have entered into this Agreement. Each party agrees that it will not oppose the granting
of specific performance and other equitable relief on the basis that the other parties hereto have an adequate remedy at law or that
an award of specific performance is not an appropriate remedy for any reason at law or equity. The parties acknowledge and agree that
any party seeking an injunction to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement
in accordance with this Section 5.8 shall not be required to provide any bond or other security in connection with any such injunction.


 






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5.9              
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (A) ARISING UNDER THIS AGREEMENT,
OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF
THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE.
EACH OF THE PARTIES TO THIS AGREEMENT HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION WILL BE DECIDED
BY COURT TRIAL WITHOUT A JURY, AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE 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.


 


5.10          
Amendments and Modifications. Upon the written consent of (a) the Company, (b)
Sponsor, (c) the Holders holding a majority of the voting power of the Registrable Securities then held by all Holders in the aggregate,
and (d) with respect to any waiver, amendment or modification that has a material adverse impact on a Major Legacy Equityholder, the
consent of such Major Legacy Equityholder, compliance with any of the provisions, covenants and conditions set forth in this Agreement
may be waived, or any of such provisions, covenants or conditions may be amended or modified; provided, however, that in the event any
such waiver, amendment or modification would be disproportionate and adverse in any material respect to the material rights or obligations
hereunder of a Holder, the written consent of such Holder will also be required. No course of dealing between any Holder or the Company
and any other party hereto or any failure or delay on the part of a Holder or the Company in exercising any rights or remedies under
this Agreement shall operate as a waiver of any rights or remedies of any Holder or the Company. No single or partial exercise of any
rights or remedies under this Agreement by a party shall operate as a waiver or preclude the exercise of any other rights or remedies
hereunder or thereunder by such party.


 


5.11          
Termination of Existing Registration Rights. The registration rights granted under this Agreement shall supersede
any registration, qualification or similar rights of the Holders with respect to any shares or securities of SPAC or the Company granted
under any other agreement, and any of such preexisting registration, qualification or similar rights and such agreements shall be terminated
and of no further force and effect.


 


5.12          
Term. This Agreement shall be effective from and after the Closing Date and shall
terminate with respect to any Holder on the date that such Holder no longer holds any Registrable Securities. The provisions of Section
3.5 and Article IV shall survive any termination.


 


5.13          
Holder Information. Each Holder agrees, if requested in writing, to represent to the Company or such other requesting
Holder the total number of Registrable Securities held by such Holder in order for the Company or a requesting Holder to make determinations
hereunder.


 


[SIGNATURE PAGES FOLLOW]


 




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IN WITNESS WHEREOF, the undersigned
have caused this Agreement to be executed as of the date first written above.


 


	 	COMPANY:	 
	 	 	 
	 	Babylon Holdings Limited	 
	 	 	 
	 	By: 	/s/ Ali Parsadoust	 
	 	 	Name: Ali Parsadoust	 
	 	 	Title: Chief Executive Officer	 
	 	 	 
	 	 	 
	 	SPONSOR:	 
	 	 	 
	 	Alkuri Sponsors LLC	 
	 	 	 
	 	By: 	/s/ Richard Williams	 
	 	 	Name: Richard Williams	 
	 	 	Title: Authorized Signatory	 


 


 


 


 


 


[Signature Page to Registration Rights Agreement]


 



     


     


    

 


IN WITNESS WHEREOF, the undersigned
have caused this Agreement to be executed as of the date first written above.


 


	 	HOLDERS:	 
	 	 	 
	 	ALP Partners Limited	 
	 	 	 
	 	By: 	/s/ Anthony Shield	 
	 	Name: Anthony Shield	 
	 	Title: Director	 


 


 


 


 


 


 


[Signature Page to Registration Rights Agreement]


 




     


     


    

 


IN WITNESS WHEREOF, the undersigned
have caused this Agreement to be executed as of the date first written above.


 


	 	HOLDERS:	 
	 	 	 
	 	Nedgroup Trust (Jersey) Limited as Trustee for the Parsa Family Foundation
	 	 	 
	 	By: 	/s/ Anthony Shield	 
	 	Name: Anthony Shield	 
	 	Title: Director	 



 


 


 


 


 


[Signature Page to Registration Rights Agreement]


 




     


     


    

 


IN WITNESS WHEREOF, the undersigned
have caused this Agreement to be executed as of the date first written above.


 


	 	HOLDERS:	 
	 	 	 
	 	Dr Ali Parsadoust	 
	 	 	 
	 	By: 	/s/ Ali Parsadoust	 
	 	Name: Ali Parsadoust	 


 


 


 


 


 


[Signature Page to Registration Rights Agreement]


 





     


     


    

 


IN WITNESS WHEREOF, the undersigned
have caused this Agreement to be executed as of the date first written above.


 


	 	HOLDERS:	 
	 	 	 
	 	Invik SA	 
	 	 	 
	 	By: 	/s/ Mikael Holmberg	 
	 	Name: Mikael Holmberg	 
	 	Title: Director	 
	 	 	 
	 	 	 
	 	By: 	/s/ Réjane Koczorowski	 
	 	Name: Réjane Koczorowski	 
	 	Title: Director	 



 


 


 


 


 


[Signature Page to Registration Rights Agreement]


 



     


     


    

 


IN WITNESS WHEREOF, the undersigned
have caused this Agreement to be executed as of the date first written above.


 


	 	HOLDERS:	 
	 	 	 
	 	VNV (Cyprus) Limited	 
	 	 	 
	 	By: 	/s/ Boris Sinegubko	 
	 	Name: Boris Sinegubko	 
	 	Title: Director	 


 


 


 


 


 


[Signature Page to Registration Rights Agreement]


 





     


     


    

IN WITNESS WHEREOF, the undersigned
have caused this Agreement to be executed as of the date first written above.


 


	 	HOLDERS:	 
	 	 	 
	 	The Public Investment Fund
	 	 	 
	 	By: 	/s/ His Excellency Mr. Yasir O. Al-Rumayyan	 
	 	Name: His Excellency Mr. Yasir O. Al-Rumayyan	 
	 	Title: Governor	 


 


 


 


 


 


[Signature Page to Registration Rights Agreement]


 





     


     


    

 


Schedule A


 


Legacy Equityholders


 


ALP Partners Limited


Parsa Family Foundation


Ali Parsadoust


Kinnevik Online AB


VNV (Cyprus) Limited


The Public Investment Fund (PIF)