Exhibit
10.7


 


FORM
OF AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT


 


THIS
AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of [●],
2021, is made and entered into by and among CM Life Sciences III Inc., a Delaware corporation (the “Company”),
CMLS Holdings III LLC, a Delaware limited liability company (the “Sponsor”), the undersigned parties listed
on the signature page hereto under “Existing Holders” (the “Existing Holders”), the undersigned
parties listed on the signature page hereto as “New Holders” (the “New Holders” and, together with
the Existing Holders and any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 of this
Agreement, a “Holder” and collectively, the “Holders”).


 


RECITALS


 


WHEREAS,
on April 6, 2021, the Company, the Existing Holders and the Sponsor entered into that certain Registration Rights Agreement (the “Existing
Registration Rights Agreement”), pursuant to which the Company granted the Existing Holders certain registration rights
with respect to certain securities of the Company;


 


WHEREAS, on April 6,
2021, the Company, the Sponsor and each of the Company’s officers, directors and director nominees (the “Original Insiders”,
and together with the Additional Insider, as defined below, the ‘Insiders”) entered into that certain
insider letter, as amended on August 5, 2021, pursuant to which the Insiders and the Sponsor agreed to certain transfer and selling restrictions
with respect to their Class B common stock, par value $0.0001 per share, of the Company (“Class B Common Stock”)
issued and outstanding as of the date hereof and all shares of Class A common stock, par value $0.0001 per share, of the Company (“Class
A Common Stock”) issued upon conversion thereof;

 


WHEREAS,
on August 1, 2021, the Company entered into that certain additional insider letter, by and between the Company and the undersigned
party listed on the signature page thereto (the “Additional Insider”) and that certain joinder agreement to
the Existing Registration Rights Agreement;


 


WHEREAS,
the Company has entered into that certain Agreement and Plan of Merger (as it may be amended, supplemented or restated from time to time
in accordance with the terms of such agreement, the “Merger Agreement”), dated as of August 5, 2021, by and
among the Company, EQRx, Inc., a Delaware corporation and Clover III Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary
of the Company;


 


WHEREAS,
upon the closing of the transactions contemplated by the Merger Agreement and subject to the terms and conditions set forth therein,
the Existing Holders and New Holders will hold shares of Class A Common Stock, in each case, in such amounts and subject to such terms
and conditions as set forth in the Merger Agreement;


 


WHEREAS,
in connection with the transactions contemplated by the Merger Agreement, the Company is conducting a private placement of its Class
A Common Stock (the “PIPE Investment”) pursuant to the terms of one or more Subscription Agreements, and certain
Holders may purchase additional shares of Class A Common Stock pursuant thereto (the “PIPE Shares”);


 


WHEREAS,
certain New Holders may receive additional shares of Class A Common Stock (the “Earnout Shares”) pursuant to
certain provisions in the Merger Agreement;


 






    	 	 	 



     


    

 


WHEREAS,
pursuant to Section 5.5 of the Existing Registration Rights Agreement, the provisions, covenants and conditions set forth therein
may be amended or modified upon the written consent of the Company and the holders of a majority-in-interest of the “Registrable
Securities” (as such term is defined in the Existing Registration Rights Agreement) at the time in question; and


 


WHEREAS,
the Company and Sponsor desire to amend and restate the Existing Registration Rights Agreement in its entirety in order to provide the
Existing Holders and the New Holders certain registration rights with respect to certain securities of the Company, as set forth in this
Agreement.


 


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


 


Article
I

DEFINITIONS


 


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


 


“Adverse
Disclosure” shall mean any public disclosure of material non-public information the disclosure of which, in the good-faith
determination 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 Misstatement, (ii) would not be required
to be made at such time if the Registration Statement were not being filed, and (iii) which the Company has a bona fide business purpose
for not making public.


 


“Affiliate”
means, with respect to any Person, any other Person who, directly or indirectly, controls, is controlled by, or is under direct or indirect
common control with, such Person, and, in the case of an individual, also includes any member of such individual’s Immediate Family;
provided that the Company and its subsidiaries will not be deemed to be Affiliates of any holder of Registrable Securities. As used in
this definition, “control,” (including, with its correlative meanings, “controlling,” “controlled by”
and “under common control”) shall mean possession, directly or indirectly, of power to direct or cause the direction of the
management and policies of a Person, directly or indirectly, whether through ownership of voting securities or partnership or other ownership
interests, by contract or otherwise.


 


“Agreed
Disclosure Process” shall have the meaning given in subsection 3.5.4.


 


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


 


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


 


“Board”
shall mean the Board of Directors of the Company.


 


“Business
Day” shall mean a day that is not a Saturday or Sunday or a day on which banks in New York City are authorized or requested
by law to close.


 






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“Class
A Common Stock” shall have the meaning given in the Recitals hereto.


 


“Class
B Common Stock” shall have the meaning given in the Recitals hereto.


 


“Closing
Date” shall mean the date of the consummation of the transactions contemplated by the Merger Agreement.


 


“Commission”
shall mean the Securities and Exchange Commission.


 


“Commission’s
Notice” shall have the meaning given in subsection 2.1.5.


 


“Company”
shall have the meaning given in the Preamble.


 


“Company
Shelf Takedown Notice” shall have the meaning given in subsection 2.1.3.


 


“Demand
Registration” shall have the meaning given in subsection 2.2.1.


 


“Demanding
Holders” shall mean, as applicable, (a) the Existing Holders of at least a majority in interest of the then-outstanding
number of Registrable Securities held by the Existing Holders, (b) the New Holders of at least a majority in interest of the then-outstanding
number of Registrable Securities held by the New Holders or (c) any Holder meeting the Minimum Amount.


 


“DTC”
shall have the meaning given in subsection 3.1.17.


 


“DWAC”
shall have the meaning given in subsection 3.1.17.


 


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


 


“Effectiveness
Deadline” shall have the meaning given in subsection 2.1.1.


 


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


 


“Existing
Registration Rights Agreement” shall have the meaning given in the Recitals hereto.


 





“Final Sponsor
Shares Lock-up Period” shall mean, with respect to the remaining 50% of the Founder Shares held by the Sponsor or its Permitted
Transferees, the period ending on the second anniversary of the Closing Date.

 


“Form
S-3 Shelf” shall have the meaning given in subsection 2.1.2.


 


“Founder
Shares” shall mean all shares of Class B Common Stock that are issued and outstanding as of the date hereof and all shares
of Class A Common Stock issued upon conversion thereof.


 





“Founder Shares
Lock-up Period” shall mean, with respect to the Founder Shares held by the Existing Holders (other than the Sponsor) or
their Permitted Transferees, the period ending on the earlier of (a) one year after the Closing Date, (b) the first date that the closing
price of the Class A Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganization, recapitalizations
and the like) for any 20 trading days within any 30-trading-day period commencing at least 150 days after the Closing Date, and (c) the
date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results
in all of the Company’s stockholders having the right to exchange their shares of Class A Common Stock for cash securities or other
property..

 


“Holders”
shall mean the Sponsor, the Existing Holders and the New Holders and any person or entity who hereafter becomes a party to this Agreement
pursuant to Section 5.2.

 






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“Immediate
Family” shall mean any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, sister-in-law and shall include adoptive relationships.


 





“Initial Sponsor
Shares Lock-up Period” shall mean, with respect to 50% of the Founder Shares held by the Sponsor or its Permitted Transferees,
the period ending on the earlier of (a) one year after the Closing Date, (b) the first date that the closing price of the Class A Common
Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like)
for any 20 trading days within any 30-trading-day period commencing at least 150 days after the Closing Date, and (c) the date on which
the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of
the Company’s stockholders having the right to exchange their shares of Class A Common Stock for cash, securities or other property.

 


“Initial
Shelf” shall have the meaning given in subsection 2.1.1.


 


“Insider
Letter” shall have the meaning given in the Recitals hereto.


 


“Maximum
Number of Securities” shall have the meaning given in subsection 2.2.4.


 


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


 


“Minimum
Amount” shall have the meaning given in subsection 2.1.3.


 


“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 any Prospectus in the light
of the circumstances under which they were made) not misleading.


 


“MNPI
Provisions” shall have meaning given in subsection 2.1.3.


 


“Nasdaq”
shall have the meaning given in subsection 3.1.4.


 


“Necessary
Disclosure” shall have the meaning given in subsection 3.5.4.


 


“New
Holder(s)” shall have the meaning given in the Preamble.


 


“New
Registration Statement” shall have the meaning given in subsection 2.1.5.


 





“Permitted Transferees”
shall mean (a) with respect to an Existing Holder or the Sponsor, any Person to whom a Holder of Registrable Securities is permitted to
transfer such Registrable Securities prior to the expiration of the Founder Shares Lock-up Period, the Initial Sponsor Shares Lock-up
Period or the Final Sponsor Shares Lock-up Period, as applicable, the Private Placement Lock-Up Period or any other lock-up period, as
the case may be, under the Insider Letter, the Private Placement Warrants Purchase Agreement, this Agreement and any other applicable
agreement between such Existing Holder and the Company, and to any transferee thereafter; and (b) with respect to a New Holder, (i) in
the case of an individual, any Person to whom a Holder transfers Registrable Securities (1) by gift to a member of the individual’s
Immediate Family, to a trust, the beneficiary of which is a member of the individual’s Immediate Family or an Affiliate of such
Person, or to a charitable organization, (2) by virtue of laws of descent and distribution upon death of the individual and (3) pursuant
to a qualified domestic relations order; or (ii) in the case of an entity, any Person to whom a Holder transfers Registrable Securities
(1) by distribution to such entity’s members, partners, stockholders or equityholders, (2) to any of such entity’s Affiliates
or to any fund or other entity controlled or managed by such entity or any of its Affiliates, or to investment manager or investment advisor
of such entity or an Affiliate of any such investment manager or investment advisor, and (3) to a nominee or custodian of a person or
entity to whom a disposition or transfer would be permissible under clause (b) of this definition, provided that such transferee
to which a transfer is being made pursuant to clause (a) or (b) above, if not a Holder, enters into a written agreement
with the Company agreeing to be bound by the restrictions, including restrictions specific to certain holders, herein.

 






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“Person”
shall mean any individual, corporation, partnership, limited liability company, unincorporated association or other legal entity or business
organization.


 


“Piggyback
Registration” shall have the meaning given in subsection 2.3.1.


 


“PIPE
Investment” shall have the meaning given in the Recitals.


 


“PIPE
Shares” shall have the meaning given in the Recitals.


 


“Private
Placement Lock-up Period” shall mean, with respect to Private Placement Warrants that are held by the initial purchasers
of such Private Placement Warrants or their Permitted Transferees, the Private Placement Warrants and shares of Class A Common Stock
issuable upon the exercise or conversion of the Private Placement Warrants, and that are held by the initial purchasers of the Private
Placement Warrants or their Permitted Transferees, the period ending 30 days after the Closing Date.


 


“Private
Placement Warrants” shall mean the warrants to purchase shares of Class A Common Stock purchased by the Sponsor pursuant
to the Private Placement Warrants Purchase Agreement.


 


“Private
Placement Warrants Purchase Agreement” shall mean that certain Private Placement Warrants Purchase Agreement by and between
the Company and the Sponsor, dated as of April 6, 2021.


 


“Pro
Rata” shall have the meaning given in subsection 2.2.4.


 


“Prospectus”
shall mean the prospectus included in any Registration Statement, including any preliminary prospectus and free writing prospectus, in
each case, 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.


 


“Registrable
Security” shall mean (a) the Founder Shares and the shares of Class A Common Stock issued or issuable upon the conversion
of the Founder Shares, (b) the Private Placement Warrants (including any shares of Class A Common Stock issued or issuable upon the exercise
of the Private Placement Warrants), (c) any issued and outstanding shares of Class A Common Stock or any other equity security (including
the shares of Class A Common Stock issued or issuable upon the exercise of any other equity security) of the Company held by a Holder
as of the date of this Agreement, (d) any equity securities (including the shares of Class A Common Stock issued or issuable upon the
exercise of any such equity security) of the Company issuable upon conversion of any working capital loans in an amount up to $1,500,000
made to the Company by a Holder into private-placement equivalent warrants (the “Working Capital Warrants”)
and shares of Class A Common Stock issued or issuable upon the exercise of the Working Capital Warrants, (e) any outstanding shares of
Class A Common Stock or any other equity security of the Company held by a New Holder issued in connection with the transactions contemplated
by the Merger Agreement (including any Earnout Shares), (f) any PIPE Shares, (g) any other equity securities (including shares of Class
A Common Stock) of the Company held by a New Holder at the Closing Date and (h) any other equity security of the Company issued or issuable
with respect to any such share of Class A Common Stock by way of a stock dividend or stock split or in connection with a combination
of shares, recapitalization, merger, consolidation or reorganization; provided, however, that, as to any particular Registrable
Security, such securities shall cease to be Registrable Securities when: (i) 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; (ii) such securities shall have ceased to be outstanding; (iii) such securities
have been otherwise transferred, new certificates for such securities not bearing 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;
(iv) with respect to a Holder, all such securities held by such Holder could be sold pursuant to Rule 144 promulgated under the Securities
Act (or any successor rule promulgated thereafter by the Commission) without restriction on volume or manner of sale in any three-month
period and without the requirement for the Company to be in compliance with the public information required under Rule 144; or (v) such
securities have been sold to, or through, a broker, dealer or underwriter in a public distribution or other public securities transaction.
For purposes of this Agreement, a Person shall be deemed to be a holder of Registrable Securities, and the Registrable Securities shall
be deemed to be in existence, whenever such Person holds such Registrable Securities of record or in “street name” or has
the right to acquire directly or indirectly such Registrable Securities (upon conversion or exercise in connection with a transfer of
securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right and, in the case of Registrable
Securities issuable upon exercise of warrants, assuming the exercise thereof for cash), whether or not such acquisition has actually
been effected, and such Person shall be entitled to exercise the rights of a holder of Registrable Securities hereunder; provided a holder
of Registrable Securities may only request that Registrable Securities in the form of Class A Common Stock be registered pursuant to
this Agreement.


 






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“Registration”
shall mean a registration effected by preparing and filing a registration statement 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, qualification and filing fees (including fees with respect to filings required to be made with the Financial Industry
Regulatory Authority, Inc.) and any securities exchange on which the Class A Common Stock is then listed;


 


(b)
fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of 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;


 


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


 


(f)
reasonable and documented fees and expenses of one legal counsel selected by the Demanding Holders, not to exceed $50,000.







 


“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.


 


“Registration
Trigger Date” shall have the meaning given in subsection 2.1.7.


 


“Requesting
Holder” shall have the meaning given in subsection 2.2.1.


 


“SEC
Guidance” shall have the meaning given in subsection 2.1.5.


 


“Securities
Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereafter,
all as the same shall be in effect from time to time.


 


“Shelf
Take Down Notice” shall have the meaning given in subsection 2.1.3.


 


“Shelf
Underwritten Offering” shall mean an underwritten offering that is registered pursuant to a shelf registration statement,
including a Block Trade.


 


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


 


“Sponsor Shares
Lock-up Periods” shall mean the Initial Sponsor Shares Lock-up Period and the Final Sponsor Shares Lock-up Period.


 


“Subscription
Agreements” shall means those certain subscription agreements dated August 5, 2021 by and between the Company and certain
subscribers to shares of Class A Common Stock.


 


“Suspension
Event” shall have the meaning given in Section 3.4.


 


“Suspension
Notice” shall have the meaning given in Section 3.4.


 


“Trading
Day” shall have the meaning given in subsection 2.1.7.


 


“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
Registration” or “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.


 


“Unrestricted
Conditions” shall have the meaning given in subsection 3.5.2.


 






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Article
II

REGISTRATIONS


 


Section
2.1 Shelf Registration.


 


2.1.1 The Company shall, as
soon as practicable, but in any event within 30 days after the Closing Date (the “Filing Deadline”), file a
Registration Statement under the Securities Act (the “Initial Shelf”) to permit the public resale of all the
Registrable Securities held by the Holders from time to time as permitted by Rule 415 under the Securities Act (or any successor or similar
provision adopted by the Commission then in effect) on the terms and conditions specified in this subsection 2.1.1 and shall
use its commercially reasonable efforts to cause such Initial Shelf to be declared effective as soon as practicable after the filing thereof,
but in no event later than the earlier of (i) 60 days following the Filing Deadline and (ii) five Business Days after the Commission notifies
the Company that it will not review the Initial Shelf, if applicable (the “Effectiveness Deadline”); provided
that the Effectiveness Deadline shall be extended to 90 days after the Filing Deadline if the Initial Shelf is reviewed by, and receives
comments from, the Commission. Without limiting the foregoing, as soon as practicable, but in no event later than three Business Days,
following the resolution or clearance of all Commission comments or, if applicable, following notification by the Commission that the
Initial Shelf or any amendment thereto will not be subject to review, the Company shall file a request for acceleration of effectiveness
of such Initial Shelf (to the extent required, by declaration or ordering of effectiveness, of such Initial Shelf or amendment thereto
by the Commission) to a time and date not later than two Business Days after the submission of such request. The Initial Shelf filed with
the Commission pursuant to this subsection 2.1.1 shall be on Form S-1 or such other form of registration statement as is then available
to effect a registration for resale of the Registrable Securities, provided, that the Company shall file, within 30 days of such time
as Form S-3 is available for the Initial Shelf, a post-effective amendment to the Initial Shelf then in effect, or otherwise file a Registration
Statement on Form S-3, registering the Registrable Securities for resale on Form S-3 (provided that the Company shall use commercially
reasonable efforts to maintain the effectiveness of the Initial Shelf then in effect until such time as a Registration Statement (or post-effective
amendment) on Form S-3 covering such Registrable Securities has been declared effective by the Commission). The Initial Shelf shall cover
all Registrable Securities, and shall contain a Prospectus in such form as permits any Holder to sell such Registrable Securities pursuant
to Rule 415 under the Securities Act (or any successor or similar provision adopted by the Commission then in effect) at any time beginning
on the effective date for such Initial Shelf and the Company shall file with the Commission the final form of such Prospectus pursuant
to Rule 424 (or successor thereto) under the Securities Act no later than the second Business Day after the Initial Shelf becomes effective.
The Initial Shelf shall provide for the resale pursuant to any method or combination of methods legally available to, and requested by,
the Holders and shall include a customary “plan of distribution” permitting all lawful means of disposition of the Registrable
Securities by the Holders, including block sales, agented transactions, sales directly into the market, distributions to affiliates, partners
or equityholders and other customary provisions. The Company shall use its commercially reasonable efforts to cause the Initial Shelf
to remain effective, and to be supplemented and amended to the extent necessary to ensure that the Initial Shelf is available or, if not
available, that another Registration Statement is available at all times, for the public resale of all the Registrable Securities held
by the Holders until all such Registrable Securities have ceased to be Registrable Securities. As soon as practicable following the effective
date of the Initial Shelf, but in any event within three Business Days of such date, the Company shall notify the Holders of the effectiveness
of such the Initial Shelf.


 


2.1.2
Form of Registration. If the Company files the Initial Shelf on Form S-3 (a “Form S-3 Shelf”) and thereafter
the Company becomes ineligible to use Form S-3 for secondary sales, the Company shall use its commercially reasonable efforts to file
the Initial Shelf on Form S-1 as promptly as practicable to replace the shelf registration statement that is on Form S-3 and have the
Initial Shelf declared effective as promptly as practicable and to cause such Initial Shelf to remain effective, and to be supplemented
and amended to the extent necessary to ensure that such Initial Shelf is available or, if not available, that another Registration Statement
is available, for the public resale of all the Registrable Securities held by the Holders until all such Registrable Securities have
ceased to be Registrable Securities.


 






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2.1.3 Underwritten Shelf
Takedowns. At any time and from time to time following the effectiveness of the Initial Shelf, any Holder may request to sell all
or a portion of their Registrable Securities in a Shelf Underwritten Offering; provided that such Holder(s) reasonably expects
to sell Registrable Securities yielding aggregate gross proceeds in excess of $50,000,000 from such Shelf Underwritten Offering (such
amount of Registrable Securities, the “Minimum Amount”). All requests for a Shelf Underwritten Offering shall
be made by giving written notice to the Company (the “Shelf Take Down Notice”). Each Shelf Take Down Notice
shall specify the approximate number of Registrable Securities proposed to be sold in the Shelf Underwritten Offering and the expected
price range (net of underwriting discounts and commissions) of such Shelf Underwritten Offering. Except with respect to any Registrable
Securities distributed by the Sponsor to its members following the expiration of the Initial Sponsor Shares Lock-up Period, the Final
Sponsor Shares Lock-up Period or the Private Placement Lock-up Period, as applicable, within five days after receipt of any Shelf Take
Down Notice, the Company shall, subject to subsections 3.5.3 and 3.5.4 (collectively, the “MNPI Provisions”),
give written notice of such requested Shelf Underwritten Offering to all other Holders of Registrable Securities (the “Company
Shelf Takedown Notice”) and, subject to the provisions of subsection 2.2.4, shall include in such Shelf Underwritten
Offering all Registrable Securities with respect to which the Company has received written requests for inclusion therein, within five
days after sending the Company Shelf Takedown Notice. The Company shall enter into an underwriting agreement in a form as is customary
in Underwritten Offerings of securities by the Company with the managing Underwriter or Underwriters selected by the Holders holding a
majority-in-interest of the Registrable Securities to be included in such Shelf Underwritten Offering after consultation with, and approval
(which shall not be unreasonably withheld, conditioned or delayed) by, the Company and shall take all such other reasonable actions as
are requested by the managing Underwriter or Underwriters in order to expedite or facilitate the disposition of such Registrable Securities.
In connection with any Shelf Underwritten Offering contemplated by this subsection 2.1.3, subject to Section 3.3 and Article
IV, the underwriting agreement into which each Holder and the Company shall enter shall contain such representations, covenants, indemnities
and other rights and obligations of the Company and the selling stockholders as are customary in underwritten offerings of securities
by the Company. The New Holders, on the one hand, and the Existing Holders, on the other hand, may each demand not more than two Shelf
Underwritten Offerings pursuant to this subsection 2.1.3 in any 12-month period.

 


2.1.4
At least 10 Business Days prior to the first anticipated filing date of a Registration Statement pursuant to this Article II,
the Company shall use reasonable efforts to notify each Holder in writing (which may be by email) of the information reasonably necessary
about the Holder to include such Holder’s Registrable Securities in such Registration Statement. Notwithstanding anything else
in this Agreement, the Company shall not be obligated to include such Holder’s Registrable Securities to the extent the Company
has not received such information, and received any other reasonably requested agreements or certificates, on or prior to the third Business
Day prior to the first anticipated filing date of a Registration Statement pursuant to this Article II.


 






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2.1.5
Notwithstanding the registration obligations set forth in this Section 2, in the event that, despite the Company’s efforts
to include all of the Registrable Securities in any Registration Statement filed pursuant to subsection 2.1.1, the Commission
informs the Company (the “Commission’s Notice”) that all of the Registrable Securities cannot, as a result
of the application of Rule 415 or otherwise, be registered for resale as a secondary offering on a single Registration Statement, the
Company agrees to promptly (i) inform each of the holders thereof and use its commercially reasonable efforts to file amendments to the
Initial Shelf as required by the Commission and (ii) as soon as practicable but in no event later than the 20th day following the first
date on which such Registrable Securities may then be included in a Registration Statement, file an additional Registration Statement
(a “New Registration Statement”), on Form S-3, or if Form S-3 is not then available to the Company for such
Registration Statement, on such other form available to register for resale the Registrable Securities as a secondary offering; provided,
however, that prior to filing such amendment or New Registration Statement, the Company shall be obligated to use its commercially reasonable
efforts to advocate with the Commission for the registration of all of the Registrable Securities in accordance with any publicly-available
written or oral guidance, comments, requirements or requests of the Commission staff (the “SEC Guidance”),
including without limitation, the Manual of Publicly Available Telephone Interpretations D.29. The Holders shall have the right to participate
or have their respective legal counsel participate in any meetings or discussions with the Commission regarding the Commission’s
position and to comment or have their respective counsel comment on any written submission made to the Commission with respect thereto.
No such written submission shall be made to the Commission to which any Holder’s counsel reasonably objects. Notwithstanding any
other provision of this Agreement, if any SEC Guidance sets forth a limitation of the number of Registrable Securities permitted to be
registered on a particular Registration Statement as a secondary offering, unless otherwise directed in writing by a holder as to its
Registrable Securities directing the inclusion of less than such holder’s pro rata amount, the number of Registrable Securities
to be registered on such Registration Statement will be reduced on a pro rata basis based on the total number of Registrable Securities
held by the Holders. In the event the Company amends the Initial Shelf or files a New Registration Statement, as the case may be, under
clauses (i) or (ii) above, the Company will use its commercially reasonable efforts to file with the Commission, as promptly as allowed
by Commission or SEC Guidance provided to the Company or to registrants of securities in general, one or more Registration Statements
on Form S-3 or such other form available to register for resale those Registrable Securities that were not registered for resale on the
Initial Shelf, as amended, or the New Registration Statement.


 


2.1.6
No Holder shall be named as an “underwriter” in any Registration Statement filed pursuant to this Section 2 without
the Holder’s prior written consent; provided that if the Commission requests that a Holder be identified as a statutory underwriter
in the Registration Statement, then such Holder will have the option, in its sole and absolute discretion, to either (i) have the opportunity
to withdraw from the Registration Statement upon its prompt written request to the Company, in which case the Company’s obligation
to register such Holder’s Registrable Securities shall be deemed satisfied or (ii) be included as such in the Registration Statement.
Each Registration Statement (and each amendment or supplement thereto) shall be provided to (and shall be subject to the approval, which
shall not be unreasonably withheld or delayed, of) the Holders prior to its filing with, or other submission to, the Commission.


 


2.1.7
In the event that on any Trading Day (as defined below) (the “Registration Trigger Date”) the number of shares
available under the Registration Statements filed pursuant to this Section 2 is insufficient to cover all of the Registrable Securities
(without giving effect to any limitations on the exercise or conversion of any securities exercisable for, or convertible into, Registrable
Securities and, in the case of Registrable Securities issuable upon the exercise of warrants, assuming the exercise of such warrants
for cash), the Company shall amend such Registration Statements, or file a new Registration Statement (on the short form available therefor,
if applicable), or both, so as to cover the total number of Registrable Securities so issued or issuable (without giving effect to any
limitations on the exercise or conversion of any securities exercisable for, or convertible into, Registrable Securities and, in the
case of Registrable Securities issuable upon the exercise of warrants, assuming the exercise of such warrants for cash) as of the Registration
Trigger Date as soon as practicable, but in any event within 15 days after the Registration Trigger Date. The Company shall use its commercially
reasonable efforts to cause such amendment and/or new Registration Statement to become effective as soon as practicable following the
filing thereof, but in any event no later than 60 days of the Registration Trigger Date (or 90 days if the applicable Registration Statement
or amendment is reviewed by, and comments are thereto provided from, the Commission) or as promptly as practicable in the event the Company
is required to increase its authorized shares. “Trading Day” shall mean any day on which the Class A Common
Stock is traded for any period on the principal securities exchange or market on which the Class A Common Stock is then being traded.


 






    	 	9	 



     


    

 


Section
2.2 Demand Registration.


 


2.2.1 Request for Registration.
Subject to the provisions of subsections 2.2.4 and 2.2.5 and Section 3.4 hereof, and provided that the Company
does not have an effective Registration Statement pursuant to subsection 2.1.1, outstanding covering all of the Registrable Securities,
following the expiration of the Founder Shares Lock-up Period, the Initial Sponsor Shares Lock-up Period, the Final Sponsor Shares Lock-up
Period, the Private Placement Lock-up Period or any other applicable lock-up period, as the case may be, a Demanding Holder may make a
written demand for Registration of all or part of their Registrable Securities, which written demand shall describe the amount and type
of securities to be included in such Registration and the intended method(s) of distribution thereof (such written demand a “Demand
Registration”). Subject to the MNPI Provisions, the Company shall, within five days of the Company’s receipt of the
Demand Registration, notify, in writing all other Holders of Registrable Securities of such demand, and each Holder of Registrable Securities
who thereafter wishes to include all or a portion of such Holder’s Registrable Securities in a Registration pursuant to a Demand
Registration (each such Holder that includes all or a portion of such Holder’s Registrable Securities in such Registration, a “Requesting
Holder”) shall so notify the Company, in writing, within five days after the receipt by the Holder of the notice from the
Company. Upon receipt by the Company of any such written notification from a Requesting Holder(s) to the Company, subject to subsection
2.2.4 below, such Requesting Holder(s) shall be entitled to have their Registrable Securities included in a Registration pursuant
to a Demand Registration and the Company shall effect, as soon thereafter as practicable, but not more than 60 days immediately after
the Company’s receipt of the Demand Registration, the Registration of all Registrable Securities requested by the Demanding Holders
and Requesting Holders pursuant to such Demand Registration. Under no circumstances shall the Company be obligated to effect more than
an aggregate of three Registrations pursuant to a Demand Registration by the Existing Holders and an aggregate of three Registrations
pursuant to a Demand Registration by the New Holders under this subsection 2.1.1 with respect to any or all Registrable Securities.
Notwithstanding the foregoing, (i) the Company shall not be required to give effect to a Demand Registration from a Demanding Holder if
the Company has registered Registrable Securities pursuant to a Demand Registration (which has become effective) from such Demanding Holder
in the preceding 120 days, and (ii) the Company’s obligations with respect to any Demand Registration shall be deemed satisfied
so long as the Registration Statement filed pursuant to subsection 2.1.1 includes all of such Demanding Holder’s Registrable
Securities and is effective. The registration statement effecting such Demand Registration shall provide for the sale or resale pursuant
to any method or combination of methods legally available to, and requested by, the Holders and shall include a customary “plan
of distribution” permitting all lawful means of disposition of the Registrable Securities by the Holders, including block sales,
agented transactions, sales directly into the market, distribution to affiliates, partners or equityholders and other customary provisions.

 


2.2.2
Effective Registration. Notwithstanding the provisions of subsection 2.2.1 above or any other part of this Agreement, a
Registration pursuant to a Demand Registration shall not count as a Registration unless and until (a) the Registration Statement filed
with the Commission with respect to a Registration pursuant to a Demand Registration has been declared effective by the Commission and,
(b) the Company has complied with all of its obligations under this Agreement with respect thereto; provided, further,
that if, after such Registration Statement has been declared effective, an offering of Registrable Securities in a Registration pursuant
to a Demand Registration is subsequently interfered with by any stop order or injunction of the Commission, federal or state court or
any other governmental agency, the Registration Statement with respect to such Registration shall be deemed not to have been declared
effective, unless and until, (i) such stop order or injunction is removed, rescinded or otherwise terminated, and (ii) a majority-in-interest
of the Demanding Holders initiating such Demand Registration thereafter affirmatively elect to continue with such Registration and accordingly
notify the Company in writing, but in no event later than five days thereafter, of such election. The Company shall not be obligated
or required to file another Registration Statement until the Registration Statement that has been previously filed with respect to a
Registration pursuant to a Demand Registration by the same Demanding Holder becomes effective or is subsequently terminated.


 






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2.2.3
Underwritten Offering. Subject to the provisions of subsection 2.2.4 and Section 3.4 hereof, if a majority-in-interest
of the Demanding Holders so advise the Company as part of their Demand Registration that the offering of the Registrable Securities pursuant
to such Demand Registration shall be in the form of an Underwritten Offering, then the right of such Demanding Holder or Requesting Holder
(if any) to include its Registrable Securities in such Registration shall be conditioned upon such Holder’s participation in such
Underwritten Offering and the inclusion of such Holder’s Registrable Securities in such Underwritten Offering to the extent provided
herein. All such Holders proposing to distribute their Registrable Securities through an Underwritten Offering under this subsection
2.2.3, subject to Section 3.3 and Article IV, shall enter into an underwriting agreement in customary form with the
Company and the Underwriter(s) selected for such Underwritten Offering by a majority-in-interest of the Demanding Holders initiating
the Demand Registration after consultation with, and approval by, the Company (which shall not be unreasonably withheld, conditioned
or delayed).


 


2.2.4
Reduction of Underwritten Offering. If a Demand Registration is to be an Underwritten Offering and the managing Underwriter or
Underwriters, in good faith, advises the Company, the Demanding Holders and the Requesting Holders (if any) in writing that, in its opinion,
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 Class A Common Stock or other equity securities that the Company desires to sell for its own account and
the Class A Common Stock, if any, as to which a Registration has been requested pursuant to separate written contractual piggy-back registration
rights held by any other stockholders of the Company who desire to sell, exceeds the maximum dollar amount or maximum number of equity
securities that can be sold in such 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, as follows:


 


(a)
first, the Registrable Securities of the Demanding Holders and the Requesting Holders (if any) (pro rata based on the respective number
of Registrable Securities held by each Demanding Holder and Requesting Holder (if any) and the aggregate number of Registrable Securities
held by the Demanding Holders and Requesting Holders (such proportion is referred to herein as “Pro Rata”))
that 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 (Pro Rata, based on the respective number of Registrable Securities held by each Holder) exercising their rights to register
their Registrable Securities pursuant to subsection 2.3.1 hereof, 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 Class
A Common Stock or other equity securities that the Company desires to sell for its own account, 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 Class A Common Stock or other equity securities of other persons or entities that the Company is obligated to register in a Registration
pursuant to separate written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of
Securities.


 






    	 	11	 



     


    

 


2.2.5
Demand Registration Withdrawal. A Demanding Holder or a Requesting Holder shall have the right to withdraw all or a portion of
its Registrable Securities included in a Demand Registration pursuant to subsection 2.2.1 or a Shelf Underwritten Offering pursuant
to subsection 2.1.3 for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters
(if any) of its intention to so withdraw (“Withdrawal Notice”) (a) in the case of a Demand Registration
not involving an Underwritten Offering, one Business Day prior to the effectiveness of the applicable Registration Statement or (b) in
the case of any Demand Registration involving an Underwritten Offering or any Shelf Underwritten Offering, prior to the pricing of such
Underwritten Offering or Shelf Underwritten Offering; provided, however, that upon withdrawal by a majority-in-interest
of the Demanding Holders initiating a Demand Registration (or in the case of a Shelf Underwritten Offering, withdrawal of an amount of
Registrable Securities included by the Holders in such Shelf Underwritten Offering, in their capacity as Demanding Holders, being less
than the Minimum Amount), the Company shall cease all efforts to secure effectiveness of the applicable Registration Statement or complete
the Underwritten Offering, as applicable. For the avoidance of doubt, any Demand Registration withdrawn pursuant to this subsection
2.2.5 shall be counted toward the aggregate number of Demand Registrations the Company is obligated to effect pursuant to subsection
2.2.1 unless (A)(1) the Demanding Holders reimburse the Company for all of its out-of-pocket costs and expenses incurred in connection
with any such withdrawn Demand Registration incurred through the date of such withdrawal and (2) such revocation or withdrawal shall
have been made prior to the commencement of any marketing efforts or “road shows” by the Company or the underwriters in connection
with such Demand Registration, or (B) such withdrawal or revocation occurs following the issuance by the Company of a Suspension Notice.
Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred by
it in connection with a Registration pursuant to a Demand Registration or a Shelf Underwritten Offering prior to its withdrawal under
this subsection 2.2.5.


 


Section
2.3 Piggyback Registration.


 


2.3.1 Piggyback Rights.
If the Company proposes to file a Registration Statement under the Securities Act with respect to an offering 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, pursuant
to Section 2.2 hereof), other than a Registration Statement (a) filed in connection with any employee stock option or other benefit
plan, (b) for an exchange offer or offering of securities solely to the Company’s existing stockholders, (c) for an offering solely
of debt that is convertible into equity securities of the Company, (d) for a dividend reinvestment plan, (e) for any issuances of securities
in connection with a transaction involving a merger, consolidation, sale, exchange, issuance, transfer, reorganization or other extraordinary
transaction between the Company or any of its Affiliates and any third party, or (f) filed pursuant to subsection 2.1.1, then,
subject to the MNPI Provisions, the Company shall give written notice of such proposed filing to all of the Holders of Registrable Securities
(excluding the Sponsor with respect to any Registrable Securities distributed by the Sponsor to its members following the expiration of
the Initial Sponsor Shares Lock-up Period, the Final Sponsor Shares Lock-up Period or the Private Placement Lock-up Period, as applicable)
as soon as practicable but not less than 20 days before the anticipated filing date of such Registration Statement, which notice shall
(i) describe the amount and type of securities to be included in such offering, the intended method(s) of distribution (including whether
such registration will be pursuant to a shelf registration statement), and the proposed price and name of the proposed managing Underwriter
or Underwriters, if any, in such offering, (ii) describe such Holders’ rights under this Section 2.3, and (iii) offer to
all of the Holders of Registrable Securities the opportunity to register the sale of such number of Registrable Securities as such Holders
may request in writing within five days after receipt of such written notice (such Registration, a “Piggyback Registration”).
The Company shall, in good faith, cause such Registrable Securities identified in a Holder’s response noticed described in the foregoing
sentence to be included in such Piggyback Registration and shall use its commercially reasonable efforts to cause the managing Underwriter
or Underwriters of a proposed Underwritten Offering, if any, to permit the Registrable Securities requested by the Holders pursuant to
this subsection 2.3.1 to be included in a Piggyback Registration on the same terms and conditions as any similar securities of
the Company or Company stockholder(s) for whose account the Registration Statement is to be filed included in such Registration and to
permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof.
The registration statement effecting such Piggyback Registration shall provide for the sale or resale pursuant to any method or combination
of methods legally available to, and requested by, the Holders and shall include a customary “plan of distribution” permitting
all lawful means of disposition of the Registrable Securities by the Holders, including block sales, agented transactions, sales directly
into the market, distribution to affiliates, partners or equityholders and other customary provisions. All such Holders proposing to distribute
their Registrable Securities through an Underwritten Offering under this subsection 2.3.1, subject to Section 3.3 and Article
IV, shall enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by
the Company.

 






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2.3.2
Reduction of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Registration 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, in its opinion, the dollar amount or number of the Class A Common Stock that the Company desires to sell,
taken together with (a) the Class A Common Stock, if any, as to which Registration has been demanded pursuant to separate written contractual
arrangements with persons or entities other than the Holders of Registrable Securities hereunder, (b) the Registrable Securities as to
which registration has been requested pursuant to Section 2.3 hereof, and (c) the Class A Common Stock, if any, as to which Registration
has been requested pursuant to separate written contractual piggy-back registration rights of other stockholders of the Company, exceeds
the Maximum Number of Securities, then:


 


2.3.2.1
if the Registration is undertaken for the Company’s account, the Company shall include in any such Registration (a) first, the
Class A Common Stock 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 subsection 2.3.1
hereof, Pro Rata, 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 Class A Common Stock, if any, as
to which Registration has been requested pursuant to written contractual piggy-back registration rights of other stockholders of the
Company, which can be sold without exceeding the Maximum Number of Securities; and


 


2.3.2.2
if the Registration is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the Company
shall include in any such Registration (a) first, the Class A Common Stock or other equity securities, if any, of such requesting persons
or entities, other than the Holders of Registrable Securities, which can be sold without exceeding the Maximum Number of Securities;
(b) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (a), the Registrable
Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.3.1 hereof, Pro
Rata, 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 Class A Common Stock or other equity securities that
the Company desires to sell for its own account, 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 Class A Common Stock or other equity securities for the account of other persons or entities that the Company is obligated to register
pursuant to separate written contractual arrangements with such persons or entities, which can be sold without exceeding the Maximum
Number of Securities.


 






    	 	13	 



     


    

 


2.3.3 Piggyback Registration
Withdrawal. Any Holder of Registrable Securities shall have the right to withdraw all or any portion of its Registrable Securities
in 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 such Registrable Securities from such Piggyback Registration (a) in the case of a Piggyback
Registration not involving an Underwritten Offering or Shelf Underwritten Offering, one Business Day prior to the effectiveness of the
applicable Registration Statement or (b) in the case of any Piggyback Registration involving an Underwritten Offering or any Shelf Underwritten
Offering, two Business Days prior to the pricing of such Underwritten Offering or Shelf Underwritten Offering. The Company (whether on
its own good-faith determination or as the result of a request for withdrawal by persons pursuant to separate written contractual obligations)
may withdraw a Registration Statement filed with the Commission in connection with a Piggyback Registration at any time prior to the effectiveness
of such Registration Statement.


 


2.3.4 Unlimited Piggyback
Registration Rights. For purposes of clarity, any Registration effected pursuant to Section 2.3 hereof shall not be counted
as a Registration pursuant to a Demand Registration effected under Section 2.2 hereof or a Shelf Underwritten Offering effected
under subsection 2.1.3.


 


Section 2.4 Reserved.


 


Section 2.5 Block Trades.


 


2.5.1 Notwithstanding any other
provision of this Agreement, but subject to Section 3.4, if a Demanding Holder desires to effect a Block Trade with a total offering
price reasonably expected to exceed, in the aggregate, either (x) the Minimum Amount or (y) all remaining Registrable Securities held
by the Demanding Holder, then notwithstanding the time periods provided for in subsection 2.1.4, such Demanding Holder shall notify
the Company of the Block Trade at least five Business Days prior to the day such offering is to commence and the Company shall as expeditiously
as possible use its commercially reasonable efforts to facilitate such Block Trade; provided that the Demanding Holders wishing
to engage in the Block Trade shall use commercially reasonable efforts to work with the Company and any Underwriters or placement agents
or sales agents prior to making such request in order to facilitate preparation of the registration statement, prospectus and other offering
documentation related to the Block Trade.


 


2.5.2 Prior to the filing of
the applicable “red herring” prospectus or prospectus supplement used in connection with a Block Trade, any Demanding Holders
shall have the right to submit a Withdrawal Notice to the Company and the Underwriter or Underwriters or placement agents or sales agents
(if any) of their intention to withdraw from such Block Trade.


 


Section 2.6 Market Stand-Off.
In connection with any Underwritten Offering of equity securities of the Company (other than a Block Trade), each Holder participating
in the Underwritten Offering pursuant to the terms of this Agreement agrees that it shall not Transfer any shares of Class A Common Stock
or other equity securities of the Company (other than those included in such offering pursuant to this Agreement), without the prior written
consent of the Company, during the 90-day period beginning on the date of pricing of such offering or such shorter period during which
the Company agrees not to conduct an underwritten primary offering of Class A Common Stock, except in the event the Underwriters managing
the offering otherwise agree by written consent. Each Holder participating in the Underwritten Offering 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).


 






    	 	14	 



     


    

 


Article
III

COMPANY PROCEDURES


 


Section 3.1 General Procedures.
If 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.
When effective, the Registration Statements filed pursuant to this Agreement (including the documents incorporated therein by reference)
will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not
contain a Misstatement. In connection with effecting a Registration of Registrable Securities pursuant to this Agreement, the Company
shall, as expeditiously as possible:


 


3.1.1 prepare and file with
the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and, except as otherwise set
forth herein, 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 have been sold;


 


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 a majority in interest of the applicable Holders of Registrable Securities registered on such Registration
Statement or any Underwriter of Registrable Securities or as may be required by the rules, regulations or instructions applicable to the
registration form used by the Company or by the Securities Act or rules and regulations thereunder to keep the Registration Statement
effective until all Registrable Securities covered by such Registration Statement are sold in accordance with the intended plan of distribution
set forth in such Registration Statement or supplement to the Prospectus;


 


3.1.3 prior to filing a Registration
Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriters, if any, and the Holders of
Registrable Securities included in such Registration, and such Holders’ legal counsel, copies of such Registration Statement as
proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all exhibits thereto and documents
incorporated by reference therein), the Prospectus included in such Registration Statement (including each preliminary Prospectus), and
such other documents as the Underwriters and the Holders of Registrable Securities included in such Registration or the legal counsel
for any such Holders may request in order to facilitate the disposition of the Registrable Securities owned by such Holders, and no document
shall be filed with the Commission to which any Holder or its counsel reasonably objects in good faith;


 


3.1.4 prior to any public offering
of Registrable Securities, but in any case no later than the effective date of the applicable Registration Statement, use its commercially
reasonable efforts to (a) 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 and to keep such registration or qualification in effect for so
long as such Registration Statement remains in effect, and (b) 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 or securities exchanges, including
the applicable Nasdaq Stock Market (“Nasdaq”), as may be necessary by virtue of the business and operations
of the Company or otherwise and do any and all other acts and things that may be necessary or advisable, in each case, 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 securities exchange or automated quotation system on which similar securities issued by the Company are
then listed no later than the effective date of such Registration Statement;


 


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;


 






    	 	15	 



     


    

 


3.1.7 advise each seller of
such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of (i) subject to the MNPI Provisions,
any request by the Commission that the Company amend or supplement such Registration Statement or Prospectus or (ii) the issuance of any
stop order by the Commission suspending the effectiveness of such Registration Statement or Prospectus or the initiation or threatening
of any proceeding for such purpose and promptly use its commercially reasonable efforts to amend or supplement such Registration Statement
or Prospectus or prevent the issuance of any stop order or to obtain its withdrawal if such stop order should be issued, as applicable;


 


3.1.8 at least five Business
Days (or, in the case of a Block Trade, at least one day) prior to the filing of any Registration Statement or Prospectus or any amendment
or supplement to such Registration Statement or Prospectus or any document that is to be incorporated by reference into such Registration
Statement or Prospectus, furnish a copy thereof to each seller of such Registrable Securities or its counsel, including, without limitation,
providing, upon request of a Holder, copies promptly upon receipt of any comment letters received with respect to any such Registration
Statement or Prospectus;


 


3.1.9 notify the Holders promptly
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 correct such Misstatement or include such information as is necessary to comply with law, in each case as set forth in Section
3.4 hereof;


 


3.1.10 permit a representative
of a majority-in-interest of the New Holders, the Underwriters, if any, and any attorney or accountant retained by such Holders or Underwriter
to participate, at each such person’s own expense, in the preparation of any Registration Statement and cause the Company’s
officers, directors and employees to supply all information reasonably requested by any such representative, Underwriter, attorney or
accountant in connection with the Registration; provided, however, that, if requested by the Company, such representatives
or Underwriters shall be required to enter into a confidentiality agreement, 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 (including a bring-down letter dated as of the date the Registrable Securities are delivered for sale pursuant to
such Registration) from the Company’s independent registered public accountants in the event of an Underwritten Offering that the
participating Holders may rely on, in customary form and covering such matters of the type customarily covered by “comfort”
letters as the managing Underwriter may reasonably request, and reasonably satisfactory to a majority-in-interest of the participating
Holders and any Underwriter;


 


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


 


3.1.13 in the event of any Underwritten
Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing Underwriter
of such offering;


 


3.1.14 otherwise use its commercially
reasonable efforts to comply with all applicable rules and regulations of the Commission, and to make available to its security holders,
as soon as reasonably practicable, an earnings statement covering the period of at least 12 months, beginning with the first day of the
Company’s first full calendar quarter after the effective date of the Registration Statement which satisfies the provisions of Section
11(a) of the Securities Act and the rules and regulations thereunder, including Rule 158 thereunder (or any successor rule promulgated
thereafter by the Commission);





 






    	 	16	 



     


    

 


3.1.15 if the Registration involves
the Registration of Registrable Securities involving gross proceeds in excess of $50,000,000, use its reasonable efforts to make available
senior executives of the Company to participate in customary “road show” presentations that may be reasonably requested by
a majority-in-interest of the participating Holders or the Underwriter in any Underwritten Offering;


 


3.1.16 if applicable, promptly
effect a filing with FINRA pursuant to FINRA Rule 5110 (or successor thereto) with respect to the public offering contemplated by resales
of securities under the Initial Shelf (an “Issuer Filing”), pay the filing fee required by such Issuer Filing
and use its commercially reasonable efforts to complete the Issuer Filing until FINRA issues a letter confirming that it does not object
to the terms of the offering contemplated by the Initial Shelf.


 


3.1.17 cooperate with each Holder
that holds Registrable Securities being offered and the Underwriter in any Underwritten Offering with respect to an applicable Registration
Statement, if any, to facilitate the timely (i) preparation and delivery of certificates (not bearing any restrictive legends) representing
Registrable Securities that have been offered and sold pursuant to such Registration Statement, and enable such certificates to be registered
in such names and in such denominations or amounts, as the case may be, or (ii) crediting of the Registrable Securities that have been
offered and sold pursuant to a Registration Statement to the applicable account (or accounts) with The Depository Trust Company (“DTC”)
through its Deposit/Withdrawal At Custodian (“DWAC”) system, in any such case as such Holder or Underwriter,
if any, may reasonably request;


 


3.1.18 for so long as this Agreement
remains effective, use reasonable best effects to (a) cause the Class A Common Stock to be eligible for clearing through DTC, through
its DWAC system; (b) be eligible and participating in the Direct Registration System (DRS) of DTC with respect to the Class A Common Stock;
and (c) ensure that the transfer agent for the Class A Common Stock is a participant in, and that the Class A Common Stock is eligible
for transfer pursuant to, DTC’s Fast Automated Securities Transfer Program (or successor thereto); and


 


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


 


Section 3.2 Registration
Expenses. Except as otherwise provided herein, 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 reasonable fees and expenses of any legal counsel representing the Holders except as otherwise provided herein.


 


Section 3.3 Participation
in Underwritten Offerings. No Person may participate in any Underwritten Offering for equity securities of the Company pursuant to
a Registration initiated by the Company hereunder unless such Person (a) agrees to sell such Person’s securities on the basis provided
in any underwriting arrangements approved by the Company and (b) completes and executes all customary questionnaires, powers of attorney,
indemnities, lock-up agreements, underwriting agreements and other customary documents as may be reasonably required under the terms of
such underwriting arrangements.


 






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Section 3.4 Restrictions
on Registration Rights; Suspension of Sales; Adverse Disclosure. If (a) during the period starting with the date 60 days prior to
the Company’s good-faith estimate of the date of the filing of, and ending on a date 120 days after the effective date of, a Registration
Statement in respect of a Company initiated underwritten Registration the Company receives a Demand Registration, and provided that the
Company has delivered written notice to the Holders prior to receipt of a Demand Registration pursuant to subsection 2.2.1 and
it continues to actively employ, in good faith, all reasonable efforts to cause the applicable Company-initiated Registration Statement
to become effective, (b) the Holders have requested an Underwritten Registration and the Company and the Holders are unable to obtain
the commitment of the underwriters to firmly underwrite the offer, or (c) in the good faith judgment of the Board such Registration would
be seriously detrimental to the Company and the Board concludes as a result that it is essential to defer the filing of such Registration
Statement at such time, then in each case, the Company shall furnish to such Holders a certificate signed by the Chairman of the Board
stating that in the good-faith judgment of the Board it would be seriously detrimental to the Company for a Registration Statement with
respect to such Demand Registration to be filed in the near future and that it is therefore essential to defer the filing of such Registration
Statement, the Company shall have the right to defer such filing for a period of not more than 60 days. For the avoidance of doubt, the
foregoing ability to defer the filing of a Registration Statement shall not apply to the Company’s obligation to file the Initial
Shelf pursuant to subsection 2.1.1. Upon receipt of written notice from the Company that a Registration Statement or Prospectus
contains a Misstatement, or in the opinion of counsel for the Company it is necessary to supplement or amend such Prospectus to comply
with law, 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 or including the information counsel for the Company instructs is necessary to comply
with law (it being understood that the Company hereby covenants to prepare and file such supplement or amendment as soon as practicable
after the time of such notice such that the Registration Statement or Prospectus, as so amended or supplemented, as applicable, will not
include a Misstatement and complies with law), or until it is advised in writing by the Company that the use of the Prospectus may be
resumed. If the filing, initial effectiveness or continued use of a Registration Statement in respect of any Registration at any time
would require the Company to make an Adverse Disclosure or would require the inclusion in such Registration Statement of financial statements
that are unavailable to the Company for reasons beyond the Company’s control (a “Suspension Event”), the
Company may, subject to the MNPI Provisions, upon giving prompt written notice of such action to the Holders (a “Suspension
Notice”), no later than three Business Days from the date of such Suspension Event, delay the filing or initial effectiveness
of, or suspend use of, such Registration Statement for the shortest period of time required to resolve such issue, but in no event more
than 45 consecutive days, determined in good faith by the Board to be necessary for such purpose; provided that the Company shall
not defer its obligations pursuant to this Section 3.4 more than twice during any 12-month period; provided further, that in no
event shall the Company be entitled to delay or defer the filing or effectiveness of the Initial Shelf pursuant to this Section 3.4.
In the event the Company exercises its rights under the preceding sentence, the Holders agree to suspend, immediately upon their receipt
of the Suspension Notice, their use of the Prospectus relating to any Registration in connection with any sale or offer to sell Registrable
Securities; provided, for the avoidance of doubt, that the foregoing shall not restrict or otherwise affect the consummation of any sale
pursuant to a contract entered into, or order placed, by any Holder prior to delivery of the Suspension Notice. The Company shall immediately
notify the Holders of the expiration of any period during which it exercised its rights under this Section 3.4. The Holders agree
that, except as required by applicable law, the Holders shall treat as confidential the receipt of a Suspension Notice from the Company
under this Section 3.4 (provided that in no event shall such notice disclose the basis for suspension or contain any material nonpublic
information) and shall not disclose the information contained in such written notice without the prior written consent of the Company
until such time as the information contained therein is or becomes public, other than as a result of disclosure by a holder of Registrable
Securities in breach of the terms of this Agreement.


 


Section 3.5 Covenants of
the Company.


 


3.5.1 The Company will use its
commercially reasonable efforts to make and keep public information available, as those terms are understood and defined in Rule 144.
Without limiting the foregoing, as long as any Holder shall own Registrable Securities (without taking into account the exclusion of the
definition of such term contained in clause (iv) thereof), the Company, at all times while it shall be a reporting company under the Exchange
Act, covenants to file timely all reports required to be filed by the Company after the date hereof pursuant to Sections 13 or 15(d) of
the Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings to the extent such reports are
not available on the SEC’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. The Company further covenants that
it shall take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder
to sell shares of Class A Common Stock held by such Holder without registration under the Securities Act within the limitation of the
exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule promulgated thereafter by the Commission),
including providing any legal opinions.


 






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3.5.2 Other than with respect
to any contractual restriction applicable to any Holder, the stock certificates evidencing the Registrable Securities (without taking
into account the exclusion of the definition of such term contained in clause (iv) thereof) (and/or book entries representing the Registrable
Securities) held by each Holder shall not contain or be subject to any legend restricting the transfer thereof (and the Registrable Securities
shall not be subject to any stop transfer or similar instructions or notations): (A) while a Registration Statement covering the sale
or resale of such securities is effective under the Securities Act, if such Holder provides paperwork to the effect that it will sell,
distribute or transfer such securities pursuant to such Registration Statement and the plan of distribution set forth therein or Rule
144, or (B) if such Holder provides customary paperwork to the effect that it has sold such shares pursuant to Rule 144, or (C) if such
Registrable Securities are eligible for sale under Rule 144 (including Rule 144(i)) as set forth in customary non-affiliate paperwork
provided by such Holder and such non-affiliate Holder agrees to sell or transfer such Registrable Securities pursuant to Rule 144 or pursuant
to a Registration Statement and the plan of distribution set forth therein or (D) if such legend is not required under applicable requirements
of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the Commission) as determined in good
faith by counsel to the Company or set forth in a legal opinion delivered by nationally recognized counsel to the Holder (collectively,
the “Unrestricted Conditions”). The Company agrees that at such time as any of the Unrestricted Conditions is
met or such legend is otherwise no longer required it will, no later than two Business Days following the delivery by a Holder to the
Company or the Company’s transfer agent of a certificate representing any Registrable Securities, issued with a restrictive legend,
(or, in the case of Registrable Securities represented by book entries, delivery by a Holder to the Company or the Company’s transfer
agent of a legend removal request) deliver or cause to be delivered to such Holder a certificate or, at the request of such Holder, deliver
or cause to be delivered such Registrable Securities to such Holder by crediting the account of such Holder’s prime broker with
DTC through its Deposit/Withdrawal at Custodian (DWAC) system, in each case, free from all restrictive and other legends and stop transfer
or similar instructions or notations. If any of the Unrestricted Conditions is met at the time of issuance of any Registrable Securities
(e.g., upon exercise of warrants), then such securities shall be issued free of all legends.


 


3.5.3 Notwithstanding anything
in this Agreement to the contrary, the Company will not provide any material, nonpublic information to any Holder without the prior written
consent of such Holder, and in the event that the Company believes that a notice or communication required by this Agreement to be delivered
to any Holder contains material, nonpublic information relating to the Company, its securities, any of its Affiliates or any other Person,
the Company shall so indicate to such Holder prior to delivery of such notice or communication, and such indication shall provide such
Holder the means to refuse to receive such notice or communication. No Holder nor any of its Affiliates or representatives shall have
any duty of trust or confidence with respect to, or obligation not to trade in any securities while aware of, any material, nonpublic
information provided to such Holder, Affiliate or representative in violation of this subsection 3.5.3.


 


3.5.4 Notwithstanding the foregoing,
to the extent the Company reasonably and in good faith determines that it is necessary to disclose material non-public information to
a Holder in order to comply with its obligations hereunder (a “Necessary Disclosure”), the Company shall inform
counsel to such Holder to the extent such counsel has been identified in writing to the Company in advance of such determination without
disclosing the applicable material non-public information, and the Company and such counsel on behalf of the applicable Holder shall endeavor
to agree upon a process for making such Necessary Disclosure to the applicable Holder or its representatives that is mutually acceptable
to such Holder and the Company (an “Agreed Disclosure Process”). Thereafter, the Company shall be permitted
to make such Necessary Disclosure (only) in accordance with the Agreed Disclosure Process.


 


Section 3.6 Information.
The Holders shall provide such information as may reasonably be requested by the Company, or the managing Underwriter, if any, in connection
with the preparation of any Registration Statement, including amendments and supplements thereto, in order to effect the Registration
of any Registrable Securities under the Securities Act pursuant to Article II and in connection with the Company’s obligation to
comply with federal and applicable state securities laws.


 






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Article
IV

INDEMNIFICATION AND CONTRIBUTION


 


Section 4.1 Indemnification.


 


4.1.1 The Company agrees to
indemnify, defend and hold harmless, to the fullest extent permitted by law, each Holder of Registrable Securities, each Person who controls
such Holder (within the meaning of the Securities Act) and each Holder’s and control Person’s officers, directors, members,
partners, and managers against all losses, claims, actions, damages, liabilities and expenses (including, without limitation, reasonable
attorneys’ fees) resulting from any Misstatement or alleged Misstatement, except insofar as the same are contained in any information
furnished in writing to the Company by such Holder expressly for use in a Registration Statement or Prospectus. The Company shall indemnify
the Underwriters, their officers and directors and agents and each Person who controls such Underwriters (within the meaning of the Securities
Act) to the same extent as provided in the foregoing with respect to 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 to the Company in writing
such information relating to such Holder as the Company reasonably requests for use in connection with any such Registration Statement
or Prospectus and, to the extent permitted by law, shall indemnify the Company, its directors and officers and agents and each Person
who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses (including
without limitation reasonable attorneys’ fees) resulting from any Misstatement or alleged Misstatement, but only to the extent that
such Misstatement or alleged Misstatement is contained in any information so furnished in writing by such Holder expressly for use in
such Registration Statement or Prospectus; provided, however, that the obligation to indemnify shall be several, not joint
and several, among such Holders of Registrable Securities, and the liability of each such Holder of Registrable Securities shall be in
proportion to and limited to the net proceeds actually received by such Holder from the sale of Registrable Securities in such offering
giving rise to such liability. The Holders of Registrable Securities shall indemnify the Underwriters, their officers, directors and each
Person who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing with
respect to indemnification of the Company.


 


4.1.3 Any Person entitled to
indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification
(provided that the failure to give prompt notice shall not impair any Person’s right to indemnification hereunder to the extent
such failure has not materially prejudiced the indemnifying party in defending such claim) 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, conditioned or delayed). 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 (plus local
counsel) for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified
party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim.
No indemnifying party shall, without the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement
which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms
of such settlement) or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
indemnified party of a release from all liability in respect to such claim or litigation or includes any admission as to fault or culpability
or failure to act on the part of an indemnified party.


 


4.1.4 The indemnification and
contribution 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, manager, or controlling Person of such indemnified party and shall survive 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.


 






    	 	20	 



     


    

 


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 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 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 Misstatement or alleged Misstatement,
was made by, or relates to information supplied by, such indemnifying party or indemnified party, and the indemnifying party’s and
indemnified party’s relative intent, knowledge, access to information and opportunity to correct or prevent such action and the
benefits received by the such indemnifying party or indemnified party; provided, however, that the liability of any Holder
under this subsection 4.1.5 shall be limited to the amount of the net proceeds received by such Holder from the sale of Registrable
Securities 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 subsections 4.1.1, 4.1.2 and 4.1.3
above, any legal or other fees, charges or 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 subsection 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 subsection 4.1.5. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution pursuant to this subsection 4.1.5 from any Person who was not guilty of such fraudulent
misrepresentation.


 


Article
V

MISCELLANEOUS


 


Section 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 (provided no “bounce back” or notice of non-delivery is received)
or facsimile, at such time as it is delivered to the addressee (except in the case of electronic mail, with the delivery receipt) 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: 50 Hampshire St., Cambridge, MA 02139, and, if to any Holder, at such Holder’s address or contact information
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 after delivery of such notice as provided
in this Section 5.1.


 


Section 5.2 Assignment;
No Third Party Beneficiaries.


 


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


 


5.2.2 Prior to the expiration
of the Founder Shares Lock-up Period, no Existing Holder who is subject to the Founder Shares Lock-up Period or the Private Placement
Lock-up Period may assign or delegate such Existing Holder’s rights, duties or obligations under this Agreement, in whole or in
part, except in connection with a transfer of Registrable Securities by such Holder to a Permitted Transferee, to an Affiliate or as otherwise
permitted pursuant to the terms of the Founder Shares Lock-up Period, the Private Placement Lock-up Period or other lock-up period, as
applicable.

 


5.2.3 Prior
to the expiration of the Initial Sponsor Shares Lock-up Period and the Final Sponsor Shares Lock-up Period, the Sponsor may not assign
or delegate its rights and duties or obligation under this Agreement, in whole or in part, except in connection with a transfer of Registrable
Securities by the Sponsor to a Permitted Transferee, to an Affiliate, or as otherwise permitted pursuant to the terms of the relevant
Sponsor Shares Lock-up Period, the Private Placement Lock-up Period or other lock-up period as applicable.


 


5.2.4 This Agreement and the
provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors and the permitted assigns
of the applicable Holders, which shall include Permitted Transferees.


 


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


 


5.2.6 No assignment (including
to a Permitted Transferee) 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 (a) written notice of such assignment as provided in Section
5.1 hereof and (b) the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms
and provisions of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement). Any transfer
or assignment made other than as provided in this Section 5.2 shall be null and void.


 






    	 	21	 



     


    

 


Section 5.3 Counterparts.
This Agreement may be executed in multiple counterparts (including facsimile, PDF counterparts or other electronic transmission), 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.


 


Section 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
(I) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF NEW YORK AS APPLIED TO AGREEMENTS AMONG NEW YORK
RESIDENTS ENTERED INTO AND TO BE PERFORMED ENTIRELY WITHIN NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS OF SUCH JURISDICTION
THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION AND (II) THE VENUE FOR ANY ACTION TAKEN WITH RESPECT TO THIS AGREEMENT
SHALL BE ANY STATE OR FEDERAL COURT IN NEW YORK COUNTY IN THE STATE OF NEW YORK.


 


Section 5.5 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 either the Existing Holders as a group or the New Holders as a
group, respectively, in a manner that is materially adversely different from the Existing Holders or New Holders, as applicable, shall
require the consent of at least a majority-in-interest of the Registrable Securities held by such Existing Holders or New Holders, as
applicable, at the time in question; provided, further, that, notwithstanding the foregoing, any amendment hereto or waiver
hereof that adversely affects one Holder, solely in its capacity as a holder of the shares of capital stock of the Company, in a manner
that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected; provided,
further, that notwithstanding the foregoing, any amendment to Section 2.6 that affects a party hereto shall require the written
consent of such party. 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.


 


Section 5.6 Other Registration
Rights. Other than pursuant to the terms of the Subscription Agreements in connection with the PIPE Investment, the Company represents
and warrants that no Person, 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 filed by the Company for the sale of securities
for its own account or for the account of any other Person. The Company represents, warrants and agrees that this Agreement supersedes
any other registration rights agreement or agreement with similar terms and conditions among the parties thereto, and in the event of
a conflict between any such agreement or agreements and this Agreement, the terms of this Agreement shall prevail. To the extent the Company
grants any Person(s) the right to request the Company or any of its subsidiaries to register any equity securities of the Company or any
of its subsidiaries or any securities convertible or exchangeable into or exercisable for such securities, the Company shall grant piggyback
registration rights to the New Holders in connection therewith.


 


Section 5.7 Term. This
Agreement shall terminate upon the earlier of (a) the tenth anniversary of the date of this Agreement, (b) the date as of which all of
the Registrable Securities have been sold pursuant to a Registration Statement (but in no event prior to the applicable period referred
to in Section 4(a)(3) of the Securities Act and Rule 174 thereunder (or any successor rule promulgated thereafter by the Commission))
or (c) with respect to a particular Holder, the date as of which all Registrable Securities held by such Holder have been sold (x) pursuant
to a Registration Statement (but in no event prior to the applicable period referred to in Section 4(a)(3) of the Securities Act and Rule
174 thereunder (or any successor rule promulgated thereafter by the Commission)) or (y) under Rule 144 or another exemption from registration
under the Securities Act. The provisions of Section 3.5 and Article IV shall survive any termination.


 


Section 5.8 Rules of Construction.
Any provision of this Agreement that refers to the words “include,” “includes” or “including” shall
be deemed to be followed by the words “without limitation.” References to numbered or letter articles, sections and subsections
refer to articles, sections and subsections, respectively, of this Agreement unless expressly stated otherwise. All references to this
Agreement include, whether or not expressly referenced, the exhibits and schedules attached hereto. References to a Section, paragraph,
Exhibit or Schedule, such reference shall be to a Section or paragraph of, or Exhibit or Schedule to, this Agreement unless otherwise
indicated. The words “hereof,” “herein” and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The word “or” when
used in this Agreement is not exclusive. The definitions contained in this Agreement are applicable to the singular as well as the plural
forms of such terms and to the masculine as well as to the feminine and neuter genders of such term. Any agreement, instrument, law or
statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument, or
statute as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent
and (in the case of statutes) by succession of comparable successor statutes and includes references to all attachments thereto and instruments
incorporated therein unless otherwise indicated. References to a Person are also to its permitted successors and assigns. In the event
that any claim is made by any Person relating to any conflict, omission or ambiguity in this Agreement, no presumption or burden of proof
or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular Person or its
counsel.


 


[Signature Pages Follow]


 




    	 	22	 



     


    

 


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


 


	 	COMPANY:
	 	 	 
	 	CM LIFE SCIENCES III INC., a Delaware corporation
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	EXISTING HOLDERS:
	 	 	 
	 	CMLS HOLDINGS III LLC, a Delaware limited liability company
	 	 	 
	 	By: 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 
	 	Name:	Christian Henry
	 	 	 
	 	 
	 	Name:	Kwame Owusu-Kesse
	 	 	 
	 	 
	 	Name:	Chad Robins
	 	 	 
	 	 
	 	Name:	Harlan Robins
	 	 	 
	 	 
	 	Name:	Amy Abernethy


 


[Signature Page to Registration Rights Agreement]


 




     


     


    

 


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


 


[NEW HOLDERS]


 


[Signature Page to Registration Rights Agreement]