Exhibit 10.5


 


FORM OF


 




AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT


 


THIS AMENDED AND RESTATED REGISTRATION RIGHTS
AGREEMENT (this “Agreement”), dated as of [●], 2022, is made and entered into by and among SuperBac Corp.
(formerly named SUPERBAC PubCo Holdings Inc.) , an exempted company limited by shares incorporated under the laws of the Cayman Islands
(the “Company”), XPAC Sponsor LLC, a Cayman Islands limited liability company (the “Sponsor”),
[•] (the “Existing SuperBac Shareholders”) and each of the other undersigned parties hereto (each
of the Sponsor, the Existing SuperBac Shareholders, the other undersigned parties hereto and any person or entity who hereafter becomes
a party to this Agreement pursuant to Section 5.2 or Section 5.10 of this Agreement, a “Holder”
and collectively the “Holders”).


 


RECITALS


 


WHEREAS, XPAC Acquisition Corp., an exempted
company limited by shares incorporated under the laws of the Cayman Islands (“XPAC”), the Sponsor and certain
other parties are party to that certain Registration Rights Agreement, dated as of July 29, 2021 (the “Original RRA”);


 


WHEREAS, the Company, XPAC, BAC1 Holdings
Inc., an exempted company limited by shares incorporated under the laws of the Cayman Islands and a direct wholly owned subsidiary of
the Company (“Merger Sub 1”), BAC2 Holdings Inc., an exempted company limited by shares incorporated under the
laws of the Cayman Islands and a direct wholly owned subsidiary of the Company (“Merger Sub 2”), and SuperBac
Biotechnology Solutions S.A., a corporation incorporated under the laws of the Federative Republic of Brazil (“SuperBac”)
entered into that certain Business Combination Agreement, dated as of April 25, 2022 (as it may be amended, supplemented or otherwise
modified from time to time, the “Business Combination Agreement”), pursuant to which the parties to the Business
Combination Agreement are consummating the business combination involving SuperBac contemplated thereunder (the “Business
Combination”);


 


WHEREAS, XPAC has been succeeded by Merger
Sub 1 pursuant to the transactions contemplated by the Business Combination Agreement;


 


WHEREAS, as a result of the transactions
undertaken pursuant to the Business Combination Agreement, the Company has, on the date hereof, [●] Class A ordinary shares,
par value $[●] per share (“Class A Ordinary Shares”), and [●] Class B ordinary shares,
par value $[●] per share (“Class B Ordinary Shares” and, together with the Class A Ordinary
Shares, “Ordinary Shares”), issued and outstanding;


 


WHEREAS,
in connection with the execution of the Business Combination Agreement, the Holders have entered into that certain Lock-up Agreement,
dated as of April 25, 2022 (the “Lock-Up Agreement”) (or subsequently executed a joinder thereto pursuant
to the terms thereof), pursuant to which, among other things, such Holders have agreed not to transfer the Ordinary Shares held by such
Holders for a certain period of time after the Acquisition Closing


 


WHEREAS, in
connection with the execution of the Business Combination Agreement, the Sponsor has entered into that certain Sponsor Support
Agreement, dated as of April 25, 2022, by and among the Company, XPAC, SuperBac and the Sponsor (the “Sponsor Support
Agreement”), pursuant to which, among other things, the Sponsor has agreed not to
transfer the Ordinary Shares held by the Sponsor for a certain period of time after the Acquisition Closing;


 


WHEREAS, pursuant to Section 5.5 of
the Original RRA, the provisions, covenants and conditions set forth therein may be amended or modified upon the written consent of the
holders of at least a majority-in-interest of the Registrable Securities (as defined in the Original RRA) at the time in question, and
the Sponsor is a holder of at least a majority-in-interest of the Registrable Securities as of the date hereof;


 



     


     


    

 


WHEREAS, the Company, the Sponsor and the
other parties hereto desire to amend and restate the Original RRA in its entirety and enter into this Agreement, pursuant to which the
Company shall grant the Holders certain registration rights with respect to certain securities of the Company, as set forth in this Agreement.


 


NOW, THEREFORE, in consideration
of the premises, 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 that the Original RRA
is hereby amended and restated in its entirety, as of and contingent upon the Acquisition Closing, 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:


 


“Additional Holder” shall have the meaning
given in Section 5.10.


 


“Additional Holder Ordinary Shares” shall
have the meaning given in Section 5.10.


 


“Adverse Disclosure”
shall mean any public disclosure of material non-public information, which disclosure, in the good faith judgment of the chief executive
officer, chief financial officer, the president or the principal financial officer of the Company, 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.


 


“Affiliate” in respect
of a person or entity, means any other person or entity that, directly or indirectly, through one or more intermediaries, controls, is
controlled by, or is under common control with, such person or entity, which shall include a partnership, a corporation or any natural
person or entity which directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control
with, such person or entity;


 


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


 


“Acquisition Closing”
shall have the meaning given in the Business Combination Agreement.


 


“Block Trade” shall
have the meaning given in Section 2.4.1.


 


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


 


“Business Combination”
shall have the meaning given in the Recitals hereto.


 


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


 


“Business Day” shall
have the meaning given in the Business Combination Agreement.


 


“Class A Ordinary Shares”
shall have the meaning given in the Recitals hereto.


 


“Class B Ordinary Shares”
shall have the meaning given in the Recitals hereto.


 


“Commission” shall mean
the United States Securities and Exchange Commission.


 


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


 






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


 


“EDGAR” shall have the
meaning given in Section 3.1.3.


 


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


 


“Existing SuperBac Shareholders”
shall have the meaning given in the Preamble hereto.


 


“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.


 


“Founder” means each
of (a) Luiz Augusto Chacon de Freitas Filho, (b) any Company Shareholder (as defined in the Business Combination Agreement)
beneficially owned by Luiz Augusto Chacon de Freitas Filho, directly or indirectly, including their respective Shareholder Entities (as
defined in the Business Combination Agreement), and (c) any Permitted Transferee (as defined in the PubCo Articles of Association);


 


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


 


“Joinder” shall have the meaning given in
Section 5.10.


 


“Lock-up Agreement”
shall have the meaning given in the Recitals hereto.


 


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


 


“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.


 


“Ordinary Shares” shall
have the meaning given in the Recitals hereto.


 


“Original RRA” shall have the meaning given
in the Recitals hereto.


 


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


 


“Permitted Transferees”
shall have the meaning given in Section 5.2.2.


 


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


 


[“PIPE Securities” means
the aggregate amount of [●] in class A ordinary shares of the Company to be sold to PIPE Investors in accordance with the PIPE Subscription
Agreements.]


 


[“PIPE Investors” means,
collectively, those certain investors who have agreed to make a private investment in the Company to purchase the PIPE Securities at a
price per share equal to $10.00 on the day of the Acquisition Closing but immediately prior to the Acquisition Closing, in each case,
pursuant to the PIPE Subscription Agreements;]


 


[“PIPE Subscription Agreements”
means, collectively, the agreements dated [●], 2022, by and among the Company, XPAC and each of the respective PIPE Investors, pursuant
to which such PIPE Investors have agreed to make a private investment in the Company to purchase the PIPE Securities at a price per share
equal to $10.00 on the day of the Acquisition Closing but immediately prior to the Acquisition Closing.]


 






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“Private Placement Warrants”
shall mean 4,261,485 warrants to purchase one Ordinary Share held by certain Holders purchased by such Holders in the private placement
that occurred concurrently with the closing of XPAC’s initial public offering.


 


“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 Articles of Association”
shall have the meaning given in the Business Combination Agreement.


 


“Registrable Security” shall mean (a) any
Ordinary Shares issued or issuable upon the exercise of any other security of the Company (including the Private Placement Warrants or
upon conversion of Class B Ordinary Shares) held by a Holder as of immediately following the Acquisition Closing, (b) any Ordinary
Shares or any other equity security of the Company acquired by a Holder following the date hereof to the extent that such securities are
 “restricted securities” (as defined in Rule 144 promulgated under the Securities Act (or any successor rule promulgated
thereafter by the Commission) (“Rule 144”)) or are otherwise held by an “affiliate” (as defined
in Rule 144) of the Company, (c) any Additional Holder Ordinary Shares and (d) any other equity security of the Company
sold or issued or issuable with respect to any such Ordinary Share referenced in clauses (a), (b) or (c) by way of a share capitalization,
share dividend or share sub-division or in connection with a combination of shares, recapitalization, merger, consolidation, amalgamation,
spin-off, reorganization or similar transaction; provided, however, that, as to any particular Registrable Security, such
securities shall cease to be Registrable Securities when: (A) a Registration Statement with respect to the sale of such securities
shall have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged in
accordance with such Registration Statement by the applicable Holder; (B) such securities shall have been otherwise transferred,
new certificates for such securities not bearing (or book entry positions not subject to) a legend restricting further transfer shall
have been delivered by the Company and subsequent public distribution of such securities shall not require registration under the Securities
Act; (C) such securities shall have ceased to be outstanding; (D) such securities may be sold without registration pursuant
to Rule 144 (but with no volume or other restrictions or limitations, including as to manner or timing of sale); or (E) such
securities have been sold to, or through, a broker, dealer or underwriter in a public distribution or other public securities transaction;
[provided, further, that notwithstanding anything to the contrary in this Agreement, no PIPE Securities held by a Holder
in its capacity as a PIPE Investor shall be deemed to constitute Registrable Securities hereunder (for the avoidance of doubt, such PIPE
Securities shall instead benefit from the registration rights, if any, provided for under the relevant PIPE Subscription Agreement)].


 


“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 documented, out-of-pocket 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 the Financial Industry Regulatory Authority, Inc.) and any
exchange listing fees with the relevant national securities exchange on which the Ordinary 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) reasonable fees and disbursements
of counsel for the Company and for the Underwriters, if applicable;


 


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


 






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(F) reasonable fees and expenses
of one (1) U.S. legal counsel selected by the majority-in-interest of the Demanding Holders; and


 


(G) all expenses with respect
to a road show that the Company is obligated to participate in pursuant to the terms of this Agreement.


 


“Registration Statement”
shall mean any registration statement that covers the 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.


 


“Released Securities” shall have the meaning
given in Section 2.3.


 


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


 


“Rule 144” shall have the meaning given
in the definition of “Registrable Security” in Section 1.1.


 


“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 Statement, as the case may be.


 


“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).


 


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


 


“Sponsor Holders” means
(i) the Sponsor, and (ii) any person or entity that, directly or indirectly, is a proprietary investment vehicle (i.e. holding
investments in a ‘principal’ or ‘own account’ capacity) of XP, Inc. or any of its controlled Affiliates;
provided, that such person or entity was not a direct or indirect XPAC Shareholder (as defined in the Business Combination Agreement)
or a shareholder of the Company immediately prior to the initial transfer by the Sponsor of XPAC Securities (as defined in the Business
Combination Agreement) or Ordinary Shares to such person or entity; provided, further, that the maximum number of outstanding Ordinary
Shares deemed to be held by the Sponsor Parties at any given time shall not exceed the number of Registrable Securities held by the Sponsor
as of the Initial Merger Effective Time (as equitably adjusted for stock splits, stock dividends, cash dividends, reorganizations, combinations,
recapitalizations and similar transactions affecting such securities).


 


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


 


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


 


“Underwriter” shall
mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering 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.


 


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


 






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Article II

REGISTRATIONS AND OFFERINGS


 


2.1 Shelf Registration.


 


2.1.1 Filing. As soon as practicable, but
in no event later than thirty (30) calendar days following the Acquisition Closing, the Company shall use its commercially reasonable
efforts to submit to or file with the Commission a Registration Statement for a Shelf Registration on Form F-1 (the “Form F-1
Shelf”) or a Registration Statement for a Shelf Registration on Form F-3 (the “Form F-3 Shelf”),
if the Company is then eligible to use a Form F-3 Shelf, in each case, covering the resale of all the Registrable Securities (determined
as of two (2) Business Days prior to such submission or filing) on a delayed or continuous basis and shall use its commercially reasonable
efforts to have such Shelf declared effective as soon as practicable after the filing thereof, but no later than the earlier of (a) the
ninetieth (90th) calendar day following the filing date thereof if the Commission notifies the Company that it will “review”
the Registration Statement and (b) the tenth (10th) Business Day after the date the Company is notified (orally or in
writing, whichever is earlier) by the Commission that the Registration Statement will not be “reviewed” or will not be subject
to further review. Such 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 Commission such amendments, including post-effective amendments, and supplements as
may be necessary to keep a Shelf continuously effective, available for use to permit the Holders named therein to sell their Registrable
Securities included therein 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 Statement) to a Form F-3 Shelf as soon as practicable after the Company
is eligible to use Form F-3. In no event shall a Holder be identified as a statutory underwriter in a Registration Statement unless
requested by the Commission. The Company’s obligation under this Section 2.1.1, shall, for the avoidance of doubt, be
subject to Section 3.4.


 


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 using its commercially reasonable efforts to obtain 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
Statement”) registering the resale of all Registrable Securities (determined as of two (2) 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 Statement is filed, the Company shall use its commercially reasonable efforts to (i) cause such Subsequent Shelf
Registration Statement 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 Statement 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 Statement
continuously effective, available for use to permit the Holders named therein to sell their Registrable Securities included therein 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 Statement shall be on Form F-3 to the extent that the Company is eligible to use such form. Otherwise, such Subsequent
Shelf Registration Statement shall be on another appropriate form. The Company’s obligation under this Section 2.1.2,
shall, for the avoidance of doubt, be subject to Section 3.4.


 


2.1.3 Additional Registrable Securities. Subject to Section 3.4,
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 one or more Holders holding, individually or collectively, at least five percent (5%) of the
Registrable Securities, 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 Statement and cause the same to become effective as soon as practicable after such filing
and such Shelf or Subsequent Shelf Registration Statement shall be subject to the terms hereof; provided, however,
that the Company shall only be required to cause such additional Registrable Securities to be so covered once per calendar year for
each of (a) the Sponsor Holders (taken as a whole), (b) the Founder (taken as a whole) and (c) the Existing SuperBac
Shareholders other than the Founder (taken as a whole).


 






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2.1.4 Requests for Underwritten Shelf Takedowns.
Subject to Section 3.4, at any time following the expiration of any restrictions on transfer to which the relevant Registrable
Securities may be subject pursuant to the Lock-Up Agreement or the Sponsor Support Agreement, as applicable, and from time to time when
an effective Shelf is on file with the Commission, a Sponsor Holder or an Existing SuperBac Shareholder (any such Sponsor Holder or any
such Existing SuperBac Shareholder being in such case, a “Demanding Holder”) may request to sell all or any
portion of its Registrable Securities in an Underwritten 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 the Demanding Holder, either individually or together with other
Demanding Holders, with a total offering price reasonably expected to exceed, in the aggregate, $20.0 million (the “Minimum
Takedown Threshold”). 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 Company shall have the right to select the Underwriters for such offering (which shall consist of one or
more reputable nationally recognized investment banks; it being understood that XP Investments US, LLC and XP Investimentos Corretora
de Câmbio, Títulos e Valores Mobiliários S.A shall be deemed to constitute reputable nationally recognized investment
banks such that their appointment by the Company hereunder would be permitted, but not required), subject to the majority-in-interest
of the Demanding Holders’ prior approval (which shall not be unreasonably withheld, conditioned or delayed). Each of (a) the
Sponsor Holders (taken as a whole), (b) the Founder (taken as a whole) and (c) the Existing SuperBac Shareholders other than
the Founder (taken as a whole) may demand not more than two (2) Underwritten Shelf Takedowns pursuant to this Section 2.1.4
in any twelve (12)-month period, for an aggregate of not more than six (6) Underwritten Shelf Takedowns pursuant to this Section 2.1.4
in any twelve (12)-month period. Notwithstanding anything to the contrary in this Agreement, the Company may effectuate any Underwritten
Offering pursuant to any then effective Registration Statement, including a Form F-3, that is then available for such offering.


 


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 Holders
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 Holders and
the Requesting Holders (if any) desire to sell, taken together with all other Ordinary Shares or other equity securities that the Company
desires to sell and all other Ordinary Shares or other equity securities[, including PIPE Securities, if any,] that have been requested
to be sold in such Underwritten Offering pursuant to separate written contractual piggy-back or other registration rights held by any
other shareholders of the Company, 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 Ordinary Shares or other equity securities proposed
to be sold by Company or by other holders of Ordinary Shares or other equity securities, the Registrable Securities of (i) first,
the Demanding Holders that can be sold without exceeding the Maximum Number of Securities (pro rata based on the respective number of
Registrable Securities that each Demanding Holder has requested be included in such Underwritten Shelf Takedown and the aggregate number
of Registrable Securities that all of the Demanding Holders have requested be included in such Underwritten Shelf Takedown), (ii) second,
to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), the Requesting Holders (if any)
(pro rata based on the respective number of Registrable Securities that each Requesting Holder (if any) has requested be included in such
Underwritten Shelf Takedown and the aggregate number of Registrable Securities that all of the Requesting Holders have requested be included
in such Underwritten Shelf Takedown) that can be sold without exceeding the Maximum Number of Securities and (iii) third, to the
extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), the Company and such
other shareholders, [including PIPE Investors, (if any)] (in a proportion to be determined by the Company pursuant to such separate written
contractual piggy-back registration rights or a the exclusive discretion of the Company in the absence of such agreement) 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,
a majority-in-interest of the Demanding Holders 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 their intention to withdraw from such
Underwritten Shelf Takedown; provided that the Sponsor Holders (taken as a whole), the Founder, or the Existing SuperBac
Shareholders other than the Founder (taken as a whole) 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 the Sponsor Holders (taken as a whole), the Founder, the Existing SuperBac Shareholders other than the Founder (taken as a
whole), or any of their respective Permitted Transferees, as applicable. If withdrawn, a demand for an Underwritten Shelf Takedown
shall constitute a demand for an Underwritten Shelf Takedown by the withdrawing Demanding Holder for purposes of Section 2.1.4,
unless either (i) such Demanding Holder has not previously withdrawn any Underwritten Shelf Takedown or (ii) such
Demanding Holder reimburses the Company for all Registration Expenses with respect to such Underwritten Shelf Takedown (or, if there
is more than one Demanding Holder, a pro rata portion of such Registration Expenses based on the respective number of Registrable
Securities that each Demanding Holder has requested be included in such Underwritten Shelf Takedown); provided that, the
Sponsor Holders (taken as a whole), the Founder (taken as a whole), or the Existing SuperBac Shareholders other than the Founder
(taken as a whole) elects to continue an Underwritten Shelf Takedown pursuant to the proviso in the immediately preceding sentence,
such Underwritten Shelf Takedown shall instead count as an Underwritten Shelf Takedown demanded by such Sponsor Holders (taken as a
whole), the Founder or such Existing SuperBac Shareholders other than the Founder (taken as a whole), as applicable, for purposes of Section 2.1.4.
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 Underwritten Shelf Takedown. Notwithstanding anything to the contrary in this Agreement, the
Company shall be responsible for the Registration Expenses incurred in connection with a Underwritten Shelf Takedown prior to its
withdrawal under this Section 2.1.6, other than if a Demanding Holder elects to pay such Registration Expenses pursuant
to clause (ii) of the second sentence of this Section 2.1.6.


 


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 stockholders of
the Company (or by the Company and by the stockholders of the Company including, without limitation, an Underwritten Shelf Takedown
pursuant to Section 2.1), 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 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, (v) a Block Trade or (vi) an Other Coordinated Offering, then the Company shall give written
notice of such proposed offering to all of the Holders of Registrable Securities that are no longer subject to restrictions on
transfer pursuant to the Lock-Up Agreement or the Sponsor Support Agreement, as applicable, as soon as practicable but not less than
ten (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 that are no longer subject to restrictions on transfer pursuant to
the Lock-Up Agreement or the Sponsor Support Agreement, as applicable, 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 conditioned on such Holder’s
Registrable Securities not being subject to restrictions on transfer pursuant to the Lock-Up Agreement or the Sponsor Support
Agreement, as applicable, and 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 Ordinary Shares or other equity securities that the Company desires to sell, taken together with (i) the Ordinary 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 Ordinary 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 persons or entities other than the Holders of Registrable Securities hereunder, 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 Ordinary 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
pursuant to Section 2.2.1 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 Ordinary Shares or other
equity securities[, including PIPE Securities,] if any, as to which Registration or a registered offering has been requested pursuant
to separate written contractual piggy-back or other registration rights of persons or entities other than the Holders of Registrable Securities
hereunder, which can be sold without exceeding the Maximum Number of Securities;


 


(b) if the Registration or registered
offering is pursuant to a demand by persons or entities other than the Holders of Registrable Securities pursuant to a separate written
contractual arrangement, then the Company shall include in any such Registration or registered offering (A) first, the Ordinary Shares
or other equity securities[, including PIPE 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 Ordinary 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 Ordinary 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 persons or entities other than the Holders of Registrable Securities
hereunder, which can be sold without exceeding the Maximum Number of Securities; and


 


(c) if the Registration or registered
offering and Underwritten Shelf Takedown 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 a Demanding Holder, whose right to withdraw 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 or entities 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 a 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), if requested by the managing Underwriters,
each Holder that is (a) an executive officer, (b) a director or (c) Holder in excess of five percent (5%) of the outstanding
Ordinary Shares (and for which it is customary for such a Holder to agree to a lock-up) agrees that it shall not transfer any Ordinary
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 ninety (90)-day period (or such shorter time agreed to by the managing Underwriters)
beginning on the date of pricing of such offering, except as expressly permitted by such lock-up agreement or in the event the managing
Underwriters otherwise agree by written consent. Each such 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). The provisions of this Section 2.3
shall only be applicable to a Holder if all officers, directors and greater than five percent stockholders of the Company enter into similar
agreements. If any provision in this Section 2.3 is waived or terminated with respect to any of the securities of any such
officer, director or greater than five percent shareholder (in any such case of waiver or termination, such securities being the “Released
Securities”), the restrictive provisions contemplated by this Section 2.3 shall be waived or terminated, as
applicable, to the same extent with respect to the same percentage of securities of each Holder as the percentage the Released Securities
represent with respect to the securities held by the applicable officer, director or greater than five percent shareholder.


 


2.4 Block Trades; Other Coordinated Offerings.


 


2.4.1 Subject to Section 3.4, at any
time following the expiration of any restrictions on transfer to which the relevant Registrable Securities may be subject pursuant to
the Lock-Up Agreement or the Sponsor Support Agreement, as applicable, and from time to time when an effective Form F-3 Shelf is
on file with the Commission, if a Demanding Holder wishes to engage in (a) an underwritten registered offering not involving a “roadshow”
(including, without limitation, a same day trade, overnight trade or similar transaction) using such Form F-3 Shelf, an offer commonly
known as a “block trade” (a “Block Trade”), or (b) an “at the market” or similar
registered offering using such Form F-3 Shelf through a broker, sales agent or distribution agent, whether as agent or principal
(an “Other Coordinated Offering”), in each case, (x) with a total offering price reasonably expected to
exceed $10 million in the aggregate, or (y) with respect to all remaining Registrable Securities held by the Demanding Holder, provided
that the total offering price is reasonably expected to exceed $10 million in the aggregate, then such Demanding Holder only needs to
notify the Company of the Block Trade or Other Coordinated Offering at least three (3) Business Days prior to the day such offering
is to commence and the Company shall 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, brokers, sales
agents or placement 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.


 


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, the Underwriter or Underwriters (if any) and any brokers, sales agents or placement
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.


 






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2.4.3 Notwithstanding anything to the contrary
in this Agreement, Section 2.2 shall not apply to a Block Trade or Other Coordinated Offering initiated by a Demanding Holder
pursuant to this Agreement.


 


2.4.4 The Demanding Holder in a Block Trade or
Other Coordinated Offering shall have the right to select the Underwriters and any brokers, sales 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; it being understood that XP Investments US, LLC and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários
S.A shall be deemed to constitute reputable nationally recognized investment banks such that their appointment for such Block Trade or
Other Coordinated Offering would be permitted, but not required).


 


2.4.5 Each Demanding Holder may, in the aggregate,
demand no more than two (2) Block Trades or Other Coordinated Offerings pursuant to this Section 2.4 in any twelve (12)-month
period. For the avoidance of doubt, any Block Trade or Other Coordinated Offering effected pursuant to this Section 2.4 shall
not be counted as a demand for an Underwritten Shelf Takedown pursuant to Section 2.1.4 hereof.


 


Article III

COMPANY PROCEDURES


 


3.1 General Procedures. If at any time
on or after the date hereof the Company is required to effect the Registration of Registrable Securities, 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 soon as reasonably practicable:


 


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 commercially reasonable efforts to cause such Registration
Statement to become effective and remain 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 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 the majority-in-interest of the Holders with 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 or have ceased to be Registrable Securities;


 


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 reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Holders; provided that
the Company shall have no obligation to furnish any documents publicly filed or furnished with the Commission pursuant to the Electronic
Data Gathering, Analysis and Retrieval System (“EDGAR”);


 






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3.1.4 prior to any public offering of Registrable
Securities, use its commercially reasonable efforts to (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
commercially reasonable 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 three (3) 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 (a) 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 or (b) advisable in order to reduce the number of
days that sales are suspended pursuant to Section 3.4), 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 of Registrable Securities
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;


 


3.1.10 in the event of an Underwritten Offering,
a Block Trade, an Other Coordinated Offering, or sale by a broker, placement agent or sales agent pursuant to such Registration, in each
of the following cases to the extent customary for a transaction of its type, permit a duly appointed representative of the Holders, the
Underwriters or other financial institutions facilitating such Underwritten Offering, Block Trade, Other Coordinated Offering or other
sale pursuant to such Registration, if any, and any attorney, consultant or accountant retained by such Holders or Underwriter to participate,
at each such person’s or entity’s own expense, in the preparation of the Registration Statement or the Prospectus, and cause
the Company’s officers, directors and employees to supply all information reasonably requested by any such representative, Underwriter,
financial institution, attorney, consultant or accountant in connection with the Registration; provided, however, that such
representatives, Underwriters or financial institutions agree to confidentiality arrangements, in form and substance reasonably satisfactory
to the Company, prior to the release or disclosure of any such information;


 


3.1.11 obtain a “cold comfort”
letter from the Company’s independent registered public accountants in the event of an Underwritten Offering, a Block Trade,
an Other Coordinated Offering or sale by a broker, placement agent or sales agent pursuant to such Registration (subject to such
Underwriters, broker, placement agent or sales agent providing such certification or representation reasonably requested by the
Company’s independent registered public accountants and the Company’s counsel) in customary form and covering such
matters of the type customarily covered by “cold comfort” letters for a transaction of its type as the managing
Underwriter may reasonably request, and reasonably satisfactory to a majority-in-interest of the participating Holders;


 






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3.1.12 in the event of an Underwritten Offering,
a Block Trade, an Other Coordinated Offering or sale by a broker, placement agent or sales agent pursuant to such Registration, on the
date the Registrable Securities are delivered for sale pursuant to such Registration, to the extent customary for a transaction of its
type, obtain an opinion and negative assurance letter, dated such date, of counsel representing the Company for the purposes of such Registration,
addressed to the participating Holders, the broker, placement agents 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 participating Holders, broker, placement
agent, sales agent or Underwriter may reasonably request and as are customarily included in such opinions and negative assurance letters;


 


3.1.13 in the event of any Underwritten Offering,
a Block Trade, an Other Coordinated Offering or sale by a broker, placement agent or sales agent pursuant to such Registration, enter
into and perform its obligations under an underwriting or other purchase or sales agreement, in usual and customary form, with the managing
Underwriter or the broker, placement agent or sales agent of such offering or sale;


 


3.1.14 make available to its security holders,
as soon as reasonably practicable, an earnings statement covering the period of at least twelve (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 promulgated by the Commission
then in effect);


 


3.1.15 with respect to an Underwritten Offering
pursuant to Section 2.1.4, use its commercially 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 in the event of an Underwritten Offering,
a Block Trade, or an Other Coordinated Offering, to the extent reasonably requested by the Underwriter, broker, placement agent or sales
agent engaged for such offering, allow the Underwriter, broker, placement agent or sales agent to conduct customary “underwriter’s
due diligence” with respect to the Company;


 


3.1.17 otherwise, in good faith, cooperate reasonably
with, and take such customary actions as may reasonably be requested by the participating Holders, consistent with the terms of this Agreement,
in connection with such Registration; and


 


3.1.18 notwithstanding the foregoing, the Company
shall not be required to provide any documents or information to an Underwriter, broker, sales agent or placement agent if such Underwriter,
broker, sales agent or placement agent has not then been mandated with respect to the applicable Underwritten Offering or other offering
involving a Registration as an Underwriter, broker, sales agent or placement agent, as applicable.


 


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 shall bear all incremental
selling expenses relating to the sale of Registrable Securities, such as Underwriters’ commissions and discounts, brokerage fees
and, other than as set forth in the definition of “Registration Expenses,” all fees and expenses of any
legal counsel representing the Holders, as well as any other consultants or advisors retained by a majority-in-interest of the Holders
under Section 3.1.10 to jointly represent the Holders as a single class.


 


3.3 Requirements for Participation in
Registration Statement in Offerings. Notwithstanding anything in this Agreement to the contrary, if any Holder does not provide
the Company with its requested Holder Information in writing within five (5) days after receipt of written notice, the Company
may exclude such Holder’s Registrable Securities from the applicable Registration Statement or Prospectus if the Company
reasonably determines, based on the advice of counsel, that it is necessary or advisable to include such information in the
applicable Registration Statement or Prospectus and such Holder continues thereafter to withhold such information. In addition, no
person or entity may participate in any Underwritten Offering or other offering for equity securities of the Company pursuant to a
Registration initiated by the Company hereunder unless such person or entity (i) agrees to sell such person’s or
entity’s securities on the basis provided in any underwriting, sales, distribution or placement 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 underwriting,
sales, distribution or placement arrangements. For the avoidance of doubt, the exclusion of a Holder’s Registrable Securities
as a result of this Section 3.3 shall not affect the Registration of any other Holder’s Registrable Securities to
be included in such Registration.


 






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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 reasonably 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 Subject to Section 3.4.4, 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, or (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 such Registration, 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, then the Company may, upon giving prompt written
notice of such action to the Holders (which notice shall not specify the nature of the event giving rise to such delay or suspension),
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. 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 until such Holder receives written notice from the
Company that such sales or offers of Registrable Securities may be resumed, and in each case maintain the confidentiality of such notice
and its contents. The Company shall endeavor to notify the Holders as soon as reasonably practicable of the expiration of any period during
which it exercised its rights under this Section 3.4.


 


3.4.3 Subject to Section 3.4.4, if,
pursuant to Section 2.1.4, Holders have requested an Underwritten Shelf Takedown and the Company and 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 Section 2.1.4 or 2.4.


 


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 not be exercised by the Company, on more than two (2) occasions or for more than ninety (90) consecutive
calendar days or more than one hundred and twenty (120) total calendar days in each case, during any twelve (12)-month period.


 


3.4.5 Notwithstanding anything herein to the contrary,
if the Commission prevents the Company from including any or all of the Registrable Securities proposed to be registered for resale under
a Registration Statement due to limitations on the use of Rule 415 of the Securities Act for the resale of the Registrable Securities
by the applicable Holders or otherwise, (a) such Registration Statement shall register for resale such number of Registrable Securities
which is equal to the maximum number of Registrable Securities as is permitted by the Commission and (b) the number of Registrable
Securities to be registered for each selling Holder named in the Registration Statement shall be reduced pro rata among all such selling
Holders; and as promptly as practicable after being permitted to register additional Registrable Securities under Rule 415 under
the Securities Act, the Company shall amend the Registration Statement or file a new Registration Statement to register such Registrable
Securities not included in the initial Registration Statement and shall use commercially reasonable efforts to have such amendment or
Registration Statement to become effective as promptly as practicable.


 


3.4.5 Lock-up Restrictions. Any
Registrable Securities that are subject to any restrictions pursuant to the Lock-Up Agreement may not be sold, transferred or
otherwise disposed of following Registration pursuant to any Registration Statement unless and until permitted by the Lock-Up
Agreement and the Sponsor Support Agreement, as applicable, and any such Registrable Securities shall continue to bear restrictive
legends (if any, as applicable) until such sale, transfer or disposal becomes permitted under the Lock-Up Agreement and the Sponsor
Support Agreement, as applicable.


 






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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 EDGAR 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 Ordinary Shares held by such Holder without registration under the Securities Act within the limitation of the exemptions
provided by Rule 144, including procuring the provision of any customary legal opinions. 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 and hold
harmless, to the extent permitted by applicable law, each Holder of Registrable Securities, its officers, directors, agents and representatives
and each person or entity who controls such Holder (within the meaning of the Securities Act) against any and all losses, claims, damages,
liabilities and out-of-pocket expenses (including, without limitation, reasonable and documented attorneys’ fees) caused by, resulting
from, arising out of or based upon any untrue or alleged untrue statement of material fact contained in or incorporated by reference 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 the Holder Information (as defined below). The Company shall indemnify the Underwriters, their
officers and directors and each person or entity who controls such Underwriters (within the meaning of the Securities Act) to the same
extent as provided in the foregoing sentence with respect to the indemnification of the Holder.


 


4.1.2 In connection with any Registration Statement
in which a Holder of Registrable Securities is participating, such Holder shall furnish (or cause to be furnished) 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 or entity who controls the Company (within the meaning of the Securities Act) against any and all
losses, claims, damages, liabilities and out-of-pocket expenses (including, without limitation, reasonable and documented outside attorneys’
fees) resulting from any untrue or alleged untrue statement of material fact contained in or incorporated by reference 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 or alleged untrue statement is contained in or incorporated by reference in (or, in the case of an omission, not contained
in and not incorporated by reference in) any Holder Information; provided, however, that the obligation to indemnify shall
be several and not joint, among such Holders of Registrable Securities, and the total liability of each such Holder of Registrable Securities
shall be in proportion to and limited to the net proceeds (after deducting commissions and taxes, but before deducting expenses) 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 or entity 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.


 


4.1.3 Any person or entity 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 or entity’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 (and local counsel in each applicable jurisdiction) 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 includes a statement or admission of fault and culpability on the part of such indemnified
party 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.


 






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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 or entity 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 not made by, in the case of an omission), or
relates to information supplied by (or not supplied by, in the case of an omission), 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 aggregate 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 or entity 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 or entity who was not guilty of such fraudulent
misrepresentation.


 


Article V

MISCELLANEOUS


 


5.1 Notices. Any notice or
communication under this Agreement must be in writing and given by (i) deposit in the United States mail, addressed to the
party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person or by
courier service providing evidence of delivery, or (iii) transmission by hand delivery, electronic mail or facsimile. Each
notice or communication that is mailed, delivered, or transmitted in the manner described above shall be deemed sufficiently given,
served, sent, and received, in the case of mailed notices, on the third Business Day following the date on which it is mailed and,
in the case of notices delivered by courier service, hand delivery, electronic mail or facsimile, at such time as it is delivered to
the addressee (with the delivery receipt or the affidavit of messenger) or at such time as delivery is refused by the addressee upon
presentation. Any notice or communication under this Agreement must be addressed, if to the Company, to: SuperBac Corp., Rua
Arizona, 491, Brooklin, 7th and 8th Floors, 04567-001, São Paulo, SP, Brazil, Attention: Luiz Augusto
Chacon de Freitas Filho, chacon@superbac.com.br, with copy to Skadden, Arps, Slate, Meagher & Flom LLP, Av. Brigadeiro
Faria Lima, 3311, 7th Floor, São Paulo, SP 04538-133, Filipe.Areno@skadden.com, Attention: Filipe B. Areno, and, if to any
Holder, at such Holder’s address or facsimile number as set forth in the Company’s books and records. Any party may
change its address for notice at any time and from time to time by written notice to the other parties hereto, and such change of
address shall become effective thirty (30) days after delivery of such notice as provided in this Section 5.1.


 






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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 This Agreement and the rights, duties and obligations of the
Holders of Registrable Securities hereunder may be freely assigned or delegated by each such Holder of Registrable Securities in conjunction
with and to the extent of any permitted transfer of Registrable Securities by any such Holder not prohibited by the Lock-Up Agreement
or the Sponsor Support Agreement (such assigns, the “Permitted Transferees”);  provided, that such transfer
is in compliance with the applicable provisions of the Lock-Up Agreement and the Sponsor Support Agreement.


 


5.2.3 This Agreement and the provisions hereof
shall be binding upon and shall inure to the benefit of each of the parties and their respective successors and the permitted assigns
of the Holders.


 


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


 


5.2.5 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 a certificate of joinder to this Agreement in the form of Exhibit A attached hereto). Any transfer or assignment
made other than as provided in this Section 5.2 shall be null and void.


 


5.3 Counterparts. This Agreement may be
executed in multiple counterparts (including facsimile or PDF counterparts), each of which shall be deemed an original, and all of which
together shall constitute the same instrument, but only one of which need be produced. The words “execution,” “signed,”
 “signature,” and words of like import in this Agreement or in any other certificate, agreement or document related to this
Agreement shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, “pdf”,
 “tif” or “jpg”) and other electronic signatures (including DocuSign and AdobeSign). The use of electronic signatures
and electronic records (including any contract or other record created, generated, sent, communicated, received, or stored by electronic
means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping
system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce
Act, and any other applicable law. Minor variations in the form of the signature page, including footers from earlier versions of this
Agreement or any such other document, shall be disregarded in determining the party’s intent or the effectiveness of such signature.


 


5.4 Governing Law; Venue. NOTWITHSTANDING
THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY AGREE THAT (A) THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF DELAWARE AND (B) THE VENUE FOR ANY ACTION TAKEN WITH RESPECT TO
THIS AGREEMENT SHALL BE THE COURT OF CHANCERY OF THE STATE OF DELAWARE (OR, TO THE EXTENT SUCH COURT DOES NOT HAVE SUBJECT MATTER JURISDICTION,
THE SUPERIOR COURT OF THE STATE OF DELAWARE, OR THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE).


 


5.5 TRIAL BY JURY. EACH PARTY
HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND
DIFFICULT ISSUES, AND, THEREFORE, EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT
OF, UNDER OR IN CONNECTION WITH OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.


 






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5.6 Amendments and Modifications. Upon
the written consent of the Company and the Holders of at least a majority-in-interest of the Registrable Securities at the time in question,
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 notwithstanding the foregoing, any amendment
hereto or waiver hereof that adversely affects the Sponsor, solely in Sponsor’s capacity as a holder of the Ordinary Shares of the
Company, shall also require the written consent of the Sponsor so long as the Sponsor Holders (taken as a whole) hold, in the aggregate,
at least five percent (5%) of the outstanding Ordinary Shares. 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.


 


5.7 Other Registration Rights. [Other than
the PIPE Subscription Agreements], and as provided in the Warrant Agreement and the related Assignment, Assumption and Amendment Agreement
(each as defined in the Business Combination Agreement):


 


5.7.1 The Company represents and warrants that
no person or entity, other than a Holder of Registrable Securities, has any right to require the Company to register any securities of
the Company for sale or to include such securities of the Company in any Registration Statement filed by the Company for the sale of securities
for its own account or for the account of any other person or entity.


 


5.7.2 The Company hereby agrees and covenants
that it will not grant rights to register any Ordinary Shares (or securities convertible into or exchangeable for Ordinary Shares) pursuant
to the Securities Act that are more favorable, pari passu or senior to those granted to the Holders hereunder without (i) the
prior written consent of each of (a) the Sponsor Holders (taken as a whole), (b) the Founder (taken as a whole) and (c) a
majority-in-interest of the Existing SuperBac Shareholders other than the Founder (taken as a whole) (in each case, so long as each of
the Sponsor Holders (taken as a whole), the Founder and a majority-in-interest of the Existing SuperBac Shareholders other than the Founder
(taken as a whole), as applicable, holds in the aggregate, at least five percent (5%) of the outstanding Ordinary Shares), or (ii) granting
economically and legally equivalent rights to the Holders hereunder such that the Holders shall receive the benefit of such more favorable
or senior terms and/or conditions.


 


5.7.3 The Company represents and warrants that
this Agreement supersedes any other registration rights agreement or agreement with similar terms and conditions and in the event of a
conflict between any such agreement or agreements and this Agreement, the terms of this Agreement shall prevail.


 


5.8 Term. This Agreement 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 Articles IV and V shall survive any termination.


 


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


 


5.10 Additional Holders; Joinder. In
addition to persons or entities who may become Holders pursuant to Section 5.2 hereof, subject to the prior written
consent of each of (a) the Sponsor Holders (taken as a whole), (b) the Founder (taken as a whole) and (c) a
majority-in-interest of the Existing SuperBac Shareholders other than the Founder (taken as a whole) (in each case, so long as each
of the Sponsor Holders (taken as a whole), the Founder (taken as a whole) and a majority-in-interest of the Existing SuperBac
Shareholders other than the Founder (taken as a whole), as applicable, holds in the aggregate, at least five percent (5%) of the
outstanding Ordinary Shares), the Company may make any person or entity who acquires Ordinary Shares or rights to acquire Ordinary
Shares after the date hereof a party to this Agreement (each such person or entity, an “Additional
Holder”) by obtaining an executed joinder to this Agreement from such Additional Holder in the form of Exhibit A
attached hereto (a “Joinder”). Such Joinder shall specify the rights and obligations of the applicable
Additional Holder under this Agreement. Upon the execution and delivery and subject to the terms of a Joinder by such Additional
Holder, the Ordinary Shares then owned, or underlying any rights then owned, by such Additional Holder (the “Additional
Holder Ordinary Shares”) shall be Registrable Securities to the extent provided herein and therein and such Additional
Holder shall be a Holder under this Agreement with respect to such Additional Holder Ordinary Shares.


 






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5.11 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 laws and public policies
applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular provision of this Agreement shall be adjudicated
by a court of competent 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 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 drawn so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such
jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability
of such provision in any other jurisdiction.


 


5.12 Entire Agreement; Restatement. This
Agreement constitutes the full and entire agreement and understanding between the parties with respect to the subject matter hereof and
supersedes all prior agreements and understandings relating to such subject matter. Upon the Acquisition Closing, the Original RRA shall
no longer be of any force or effect by virtue of the Original RRA having been amended and restated pursuant to this Agreement.


 


[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.


 


	 	SuperBac Corp.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title: 


 


	 	XPAC Sponsor LLC
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


 


	 	[●]
	 	By:	 
	 	Name: 
	 	
    Title:



 


	 	ANA CABRAL-GARDNER






 


	 	By:	 


 


	 	DENIS BARROS PEDREIRA






 


	 	By:	 


 


	 	CAMILO DE OLIVEIRA TEDDE






 


	 	By:	 


 


[Signature Page to Amended and Restated
Registration Rights Agreement]


 






    


     


    

 


Exhibit A


 


REGISTRATION RIGHTS AGREEMENT JOINDER


 


The undersigned is executing and delivering this
joinder (this “Joinder”) pursuant to the Amended and Restated Registration Rights Agreement, dated as of [●],
2022 (as the same may hereafter be amended, the “Registration Rights Agreement”), among SuperBac Corp., an exempted
company limited by shares incorporated under the laws of the Cayman Islands (the “Company”), and the other persons
or entities named as parties therein. Capitalized terms used but not otherwise defined herein shall have the meanings provided in the
Registration Rights Agreement.


 


By executing and delivering this Joinder to the
Company, and upon acceptance hereof by the Company upon the execution of a counterpart hereof, the undersigned hereby agrees to become
a party to, to be bound by, and to comply with the Registration Rights Agreement as a Holder of Registrable Securities in the same manner
as if the undersigned were an original signatory to the Registration Rights Agreement, and the undersigned’s Ordinary Shares shall
be included as Registrable Securities under the Registration Rights Agreement to the extent provided therein; provided, however,
that the undersigned and its permitted assigns (if any) shall not have any rights as a Holder, and the undersigned’s (and its transferees’)
Ordinary Shares shall not be included as Registrable Securities, for purposes of the Excluded Sections.


 


For purposes of this Joinder, “Excluded Sections”
shall mean [●].


 


Accordingly, the undersigned has executed and delivered this Joinder
as of the day of [●], 20[●].


 


	 	 
	 	Signature of Stockholder
	 	 
	 	 
	 	Print Name of Stockholder Its:






 


	 	Address:	 
	 	 	 
	 	 	 


 


Agreed and Accepted as of [●], 20[●]


SuperBac Corp.



 


	By:	 	 
	
    Name: 
	 	 
	Title: