Execution Version


 


REGISTRATION
RIGHTS AGREEMENT


 


REGISTRATION
RIGHTS AGREEMENT (this "Agreement"), dated as of April 14, 2014, by and among Infinity Cross Border Acquisition
Corporation, a British Virgin Islands business company organized with limited liability (the "Parent"), Glori
Acquisition Corp., a Delaware corporation (the “Company”), and the undersigned buyers (each, a "Buyer",
and collectively, the "Buyers").


 


WHEREAS:


 


A.           In
connection with the Share Purchase Agreement by and among the parties hereto, dated as of January 7, 2014 (the "Share Purchase
Agreement"), the Company has agreed, upon the terms and subject to the conditions set forth in the Share Purchase Agreement,
to issue and sell to each Buyer (i) that number of shares (the "Firm Shares") of common stock of the Company (“Common
Stock”) set forth opposite such Buyer's name in column (3) of the Schedule of Buyers attached to the Share Purchase Agreement
and (ii) that number of Additional Shares as shall be determined in accordance with the terms and conditions of the Share Purchase
Agreement.


 


B.           To
induce the Buyers to execute and deliver the Share Purchase Agreement, the Company has agreed to provide certain registration rights
under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively,
the "1933 Act"), and applicable state securities laws.


 


NOW,
THEREFORE, in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and each of the Buyers hereby agree as follows:


 


		1.	Definitions.



 


Capitalized
terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Share Purchase Agreement.
As used in this Agreement, the following terms shall have the following meanings:


 


a.           “Additional
Shares” shall have the meaning set forth in the Share Purchase Agreement and, for the avoidance
of doubt, shall include any Optional Shares (as defined in the Purchase Agreement). 


 


b.           "Business
Day" means any day other than Saturday, Sunday or any other day on which commercial banks
in the City of New York are authorized or required by law to remain closed.


 


c.           "Closing
Date" shall have the meaning set forth in the Share Purchase Agreement.


 


d.           "Effective
Date" means the date a Registration Statement has been declared effective by the SEC.


 




    	 



    	 



    

 


e.           "Glori
Mandatory Registration Securities" means the “Mandatory Registration Securities”
as such term is defined in the Glori Registration Rights Agreement, as in effect on the date hereof. 


 


f.           "Investor"
means a Buyer or any transferee or assignee thereof to whom a Buyer assigns its rights under this Agreement and who agrees to become
bound by the provisions of this Agreement in accordance with Section 10 and any transferee or assignee thereof to whom a
transferee or assignee assigns its rights under this Agreement and who agrees to become bound by the provisions of this Agreement
in accordance with Section 10.


 


g.           "Person"
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization
and a government or any department or agency thereof.


 


h.           "register,"
"registered," and "registration"
refer to a registration effected by preparing and filing one or more registration statements in compliance with the 1933 Act, including,
without limitation, the Registration Statement (as defined below) or a Piggyback Registration Statement (as defined below), and
the declaration or ordering of effectiveness of such registration statement(s) by the SEC.


 


i.           "Registrable
Securities" means the Shares and any share capital of the Company issued or issuable
with respect to the Shares as a result of any share split, share dividend, recapitalization, exchange or similar event or otherwise.


 


j.           "Registration
Statement" means a registration statement or registration statements of the Company filed
under the 1933 Act covering the Registrable Securities, including any post-effective amendments thereto and any related prospectuses
or prospectus supplements.


 


k.           "Required
Holders" means the holders of at least a majority of the Registrable Securities.


 


l.           "Required
Registration Amount" means the number of Shares issued pursuant to the Share Purchase Agreement,
all subject to adjustment as provided in Section 2(e).


 


m.           "Rule
415" means Rule 415 under the 1933 Act or any successor rule providing for offering securities
on a continuous or delayed basis.


 


n.           "SEC"
means the United States Securities and Exchange Commission.


 


o.           "Shares"
means the Firm Shares and the Additional Shares.


 




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		2.	Registration.



 


a.           Mandatory
Registration. The Company shall prepare, and, as soon as practicable but in no event later than 45 days after the Closing Date,
file with the SEC the Registration Statement on Form S-3 covering the resale of all of the Registrable Securities. In the event
that Form S-3 is unavailable for such a registration, the Company shall use such other form as is available for such a registration
on another appropriate form reasonably acceptable to the Required Holders, subject to the provisions of Section 2(d). The
Registration Statement prepared pursuant hereto shall register for resale at least the number of Shares of Common Stock equal to
the Required Registration Amount as of the date the Registration Statement is initially filed with the SEC. The Registration Statement
shall contain (except if otherwise directed by the Required Holders) the "Selling Shareholders" and "Plan
of Distribution" sections in substantially the form attached hereto as Exhibit B. The Company shall use its commercially
reasonable efforts to have the Registration Statement declared effective by the SEC as soon as practicable. For the avoidance of
doubt, holders of Common Stock other than Registrable Securities shall not be barred from using their contractual registration
rights (including, without limitation, the Option Registration Rights (as defined below) and those registration rights granted
by the Glori Registration Rights Agreement (as defined below) and the Sponsor Registration Rights Agreement (as defined below))
to cause the Company to include their Common Stock in the Registration Statement filed pursuant to this Section 2(a).


 


b.           Allocation
of Registrable Securities. The initial number of Registrable Securities included in any Registration Statement and any increase
in the number of Registrable Securities included therein shall be allocated pro rata among the Investors based on the number of
Registrable Securities held by each Investor at the time the Registration Statement covering such initial number of Registrable
Securities or increase thereof is declared effective by the SEC. In the event that an Investor sells or otherwise transfers any
of such Investor's Registrable Securities, each transferee shall be allocated a pro rata portion of the then remaining number of
Registrable Securities included in such Registration Statement for such transferor. Any Shares of Common Stock included in a Registration
Statement and which remain allocated to any Person which ceases to hold any Registrable Securities covered by such Registration
Statement shall be allocated to the remaining Investors, pro rata based on the number of Registrable Securities then held by such
Investors which are covered by such Registration Statement. In no event shall the Company include any securities other than Registrable
Securities on any Registration Statement without the prior written consent of the Required Holders.


 


c.           Legal
Counsel. Subject to Section 6 hereof, the Required Holders shall have the right to select one legal counsel to review
and oversee any registration pursuant to this Section 2 ("Legal Counsel").
The Company and Legal Counsel shall reasonably cooperate with each other in performing the Company's obligations under this Agreement.


 


d.           Ineligibility
for Form S-3. In the event that Form S-3 is not available for the registration of the resale of Registrable Securities hereunder,
the Company shall (i) register the resale of the Registrable Securities on another appropriate form reasonably acceptable to the
Required Holders and (ii) undertake to register the Registrable Securities on Form S-3 as soon as such form is available, provided
that the Company shall maintain the effectiveness of the Registration Statement then in effect until such time as a Registration
Statement on Form S-3 covering the Registrable Securities has been declared effective by the SEC.


 




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e.           Sufficient
Number of Shares Registered. In the event the number of shares available under a Registration Statement filed pursuant to Section
2(a) is insufficient to cover all of the Registrable Securities required to be covered by such Registration Statement or an
Investor's allocated portion of the Registrable Securities pursuant to Section 2(b), the Company shall amend the applicable
Registration Statement, or file a new Registration Statement (on the short form available therefor, if applicable), or both, so
as to cover at least the Required Registration Amount as of the trading day immediately preceding the date of the filing of such
amendment or new Registration Statement, in each case, as soon as practicable, but in any event not later than fifteen (15) days
after the necessity therefor arises. The Company shall use its best efforts to cause such amendment and/or new Registration Statement
to become effective as soon as practicable following the filing thereof.


 


		f.	[Intentionally omitted]



 


		g.	Demand. 



 


i.            Subject
to the provisions of Section 2.1(g)(iv), in the event the Registration Statement filed pursuant to Section 2.1(a)
is either not effective or is otherwise not available to effect the Investor’s intended method of distribution, the Investors
holding at least twenty-five percent (25%) of the then outstanding number of Registrable Securities (the “Demanding
Holders”) may make a written demand for registration of at least fifteen percent (15%)
of the then outstanding number of 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”). The Company shall, within ten (10) days of the Company’s receipt
of the Demand Registration, notify, in writing, all other Investors of such demand, and each Investor who thereafter wishes to
include all or a portion of such Investor’s Registrable Securities in a registration pursuant to a Demand Registration (each
such Investor that includes all or a portion of such Investor’s Registrable Securities in such registration, a “Requesting
Holder”) shall so notify the Company, in writing, within five (5) days after the receipt
by the Investor of the notice from the Company. Upon receipt by the Company of any such written notification from a Requesting
Holder to the Company, such Requesting Holder shall be entitled to have their Registrable Securities included in a registration
pursuant to a Demand Registration and the Company shall, as soon thereafter as practicable, but not more than forty five (45) days
immediately after the Company’s receipt of the Demand Registration, file a Registration Statement for the registration of
all Registrable Securities requested by the Demanding Holders and Requesting Holders pursuant to such Demand Registration and use
its reasonable efforts to have such Registration Statement declared effective by the SEC as soon as practicable thereafter. Under
no circumstances shall the Company be obligated to effect more than an aggregate of three (3) registrations pursuant to a Demand
Registration under this Section 2.1(g)(i) with respect to any or all Registrable Securities; provided, however, that a Registration
shall not be counted for such purposes unless a Form S-1 or any similar long-form registration statement that may be available
at such time (“Form S-1”) has become effective and all of the Registrable
Securities requested by the Requesting Holders to be registered on behalf of the Requesting Holders in such registration have been
sold.


 




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ii.         Notwithstanding
the provisions of Section 2.1(g)(i), a registration pursuant to a Demand Registration shall not count as a registration
unless and until (i) the Registration Statement filed with the SEC with respect to a registration pursuant to a Demand Registration
has been declared effective by the SEC and (ii) the Company has complied with all of its obligations under this Agreement with
respect thereto; provided, 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 SEC,
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 (x) such stop order or injunction is removed, rescinded, or otherwise
terminated, and (y) 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; provided, further, that the Company shall
not be obligated or required to file another Registration Statement until the Registration Statement that has been previously filed
with respect to a registration pursuant to a Demand Registration becomes effective or is subsequently terminated.


 


iii.         Subject
to the provisions of Section 2.1(g)(iv), 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 Investor’s participation in such underwritten offering and
the inclusion of such Investor’s Registrable Securities in such underwritten offering to the extent provided herein. All
such Investors proposing to distribute their Registrable Securities through an underwritten offering under this Section 2.1(g)(iii)
or through an underwritten offering under the Registration Statement to be filed pursuant to Section 2.1(a) shall enter
into an underwriting agreement in customary form with the underwriter selected for such underwritten offering by the majority-in-interest
of the Demanding Holders initiating the Demand Registration.         


 


iv.         If
an underwritten offering is initiated pursuant to Section 2(g)(iii) or under the Registration Statement to be filed under
Section 2.1(a), and the managing underwriter advises the Company in writing that in its opinion the number of shares of
Common Stock proposed to be included in such registration, including all Registrable Securities and all other shares of Common
Stock proposed to be included in such underwritten offering, exceeds the number of shares of Common Stock which can be sold in
such offering and/or that the number of shares of Common Stock proposed to be included in any such offering would adversely affect
the price per share of the Common Stock to be sold in such offering, the Company shall include in such registration: (i) first,
the number of Registrable Securities requested to be included therein by the Demanding Holders and the Requesting Holders, allocated
pro rata among such holders or in such manner as they may otherwise agree; (ii), second, the number of shares of Common Stock requested
to be included therein by holders of Common Stock (other than holders of Registrable Securities) pursuant to (A) the Glori Registration
Rights Agreement (as defined below), (B) the Sponsor Registration Rights Agreement (as defined below), and (C) those certain contractual
registration rights granted to the holders of Common Stock issued upon conversion of previously outstanding purchase options in
connection with the Parent’s initial public offering (such registration rights, the “Option
Registration Rights”), allocated among such holders described in clauses (A), (B), and
(C) above pro rata or in such manner as they may agree; and (iii) third, the number of shares of Common Stock requested to be included
therein by other holders of Common Stock (other than holders of Registrable Securities or holders described in clause (ii) above),
including pursuant to written contractual registration rights, allocated among such holders pro rata or in such manner as they
may agree.


 




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v.           A
majority-in-interest of the Demanding Holders initiating a Demand Registration or a majority-in-interest of the Requesting Holders
(if any) pursuant to a registration under Section 2.1(g)(i) shall have the right to withdraw from a registration pursuant
to such Demand Registration for any or no reason whatsoever upon written notification to the Company and the underwriter (if any)
of their intention to withdraw from such registration prior to the effectiveness of the Registration Statement filed with the SEC
with respect to the registration of their Registrable Securities pursuant to such Demand Registration. 


 


		3.	Related Obligations.



 


At
such time as the Company is obligated to file a Registration Statement with the SEC pursuant to Section 2(a), 2(d),
2(e) or 2(g), the Company will use its best efforts to effect the registration of the Registrable Securities in accordance
with the intended method of disposition thereof and, pursuant thereto, the Company shall have the following obligations:


 


a.           The
Company shall submit to the SEC, after the Company learns that no review of a particular Registration Statement will be made by
the staff of the SEC or that the staff has no further comments on a particular Registration Statement, as the case may be, a request
for acceleration of effectiveness of such Registration Statement to a time and date not later than 48 hours after the submission
of such request. The Company shall keep each Registration Statement effective pursuant to Rule 415 at all times until the earlier
of (i) the date as of which the Investors may sell all of the Registrable Securities covered by such Registration Statement without
any restriction (volume or otherwise) pursuant to Rule 144 (or any successor thereto) promulgated under the 1933 Act or (ii) the
date on which the Investors shall have sold all of the Registrable Securities covered by such Registration Statement (the "Registration
Period"). The Company shall ensure that each Registration Statement (including any amendments
or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein, or necessary to make the statements therein (in the case of prospectuses,
in the light of the circumstances in which they were made) not misleading.


 




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b.           The
Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to a Registration
Statement and the prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule
424 promulgated under the 1933 Act, as may be necessary to keep such Registration Statement effective at all times during the Registration
Period, and, during such period, comply with the provisions of the 1933 Act with respect to the disposition of all Registrable
Securities of the Company covered by such Registration Statement until such time as all of such Registrable Securities shall have
been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof as set forth in such Registration
Statement. In the case of amendments and supplements to a Registration Statement which are required to be filed pursuant to this
Agreement (including pursuant to this Section 3(b)) by reason of the Company filing a report on Form 10-Q, Form 10-K or
any analogous report under the Securities Exchange Act of 1934, as amended (the "1934
Act"), the Company shall have incorporated such report by reference into such Registration
Statement, if applicable, or shall file such amendments or supplements with the SEC on the same day on which the 1934 Act report
is filed which created the requirement for the Company to amend or supplement such Registration Statement.


 


c.           The
Company shall (A) permit Legal Counsel to review and comment upon (i) a Registration Statement at least five (5) Business Days
prior to its filing with the SEC and (ii) all amendments and supplements to all Registration Statements (except for Annual Reports
on Form 10-K, and Reports on Form 10-Q and any similar or successor reports) within a reasonable number of days prior to their
filing with the SEC, and (B) not file any Registration Statement or amendment or supplement thereto in a form to which Legal Counsel
reasonably objects. The Company shall not submit a request for acceleration of the effectiveness of a Registration Statement or
any amendment or supplement thereto without the prior approval of Legal Counsel, which consent shall not be unreasonably withheld.
The Company shall furnish to Legal Counsel, without charge, (i) copies of any correspondence from the SEC or the staff of the SEC
to the Company or its representatives relating to any Registration Statement, (ii) promptly after the same is prepared and filed
with the SEC, one copy of any Registration Statement and any amendment(s) thereto, including financial statements and schedules,
all documents incorporated therein by reference, if requested by an Investor, and all exhibits and (iii) upon the effectiveness
of any Registration Statement, one copy of the prospectus included in such Registration Statement and all amendments and supplements
thereto. The Company shall reasonably cooperate with Legal Counsel in performing the Company's obligations pursuant to this Section
3.


 


d.           The
Company shall furnish to each Investor whose Registrable Securities are included in any Registration Statement, without charge,
(i) promptly after the same is prepared and filed with the SEC, at least one copy of such Registration Statement and any amendment(s)
thereto, including financial statements and schedules, all documents incorporated therein by reference, if requested by an Investor,
all exhibits and each preliminary prospectus, (ii) upon the effectiveness of any Registration Statement, ten (10) copies of the
prospectus included in such Registration Statement and all amendments and supplements thereto (or such other number of copies as
such Investor may reasonably request) and (iii) such other documents, including copies of any preliminary or final prospectus,
as such Investor may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities
owned by such Investor.


 




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e.           The
Company shall use its best efforts to (i) register and qualify, unless an exemption from registration and qualification applies,
the resale by Investors of the Registrable Securities covered by a Registration Statement under such other securities or "blue
sky" laws of all applicable jurisdictions in the United States, (ii) prepare and file in those jurisdictions, such amendments
(including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain
the effectiveness thereof during the Registration Period, (iii) take such other actions as may be necessary to maintain such registrations
and qualifications in effect at all times during the Registration Period, and (iv) take all other actions reasonably necessary
or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that the Company shall not
be required in connection therewith or as a condition thereto to (x) qualify to do business in any jurisdiction where it would
not otherwise be required to qualify but for this Section 3(e), (y) subject itself to general taxation in any such jurisdiction,
or (z) file a general consent to service of process in any such jurisdiction. The Company shall promptly notify Legal Counsel and
each Investor who holds Registrable Securities of the receipt by the Company of any notification with respect to the suspension
of the registration or qualification of any of the Registrable Securities for sale under the securities or "blue sky"
laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threatening of any proceeding
for such purpose.


 


f.           The
Company shall notify Legal Counsel and each Investor in writing of the happening of any event, as promptly as practicable after
becoming aware of such event, as a result of which the prospectus included in a Registration Statement, as then in effect, includes
an untrue statement of a material fact or omission to state a material fact required to be stated therein or necessary to make
the statements therein, in the light of the circumstances under which they were made, not misleading (provided that in no event
shall such notice contain any material, nonpublic information), and, subject to Section 3(r), promptly prepare a supplement
or amendment to such Registration Statement to correct such untrue statement or omission, and deliver ten (10) copies of such supplement
or amendment to Legal Counsel and each Investor (or such other number of copies as Legal Counsel or such Investor may reasonably
request). The Company shall also promptly notify Legal Counsel and each Investor in writing (i) when a prospectus or any prospectus
supplement or post-effective amendment has been filed, and when a Registration Statement or any post-effective amendment has become
effective (notification of such effectiveness shall be delivered to Legal Counsel and each Investor by facsimile on the same day
of such effectiveness and by overnight mail), (ii) of any request by the SEC for amendments or supplements to a Registration Statement
or related prospectus or related information, and (iii) of the Company's reasonable determination that a post-effective amendment
to a Registration Statement would be appropriate.


 


g.           The
Company shall use its best efforts to prevent the issuance of any stop order or other suspension of effectiveness of a Registration
Statement, or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction and, if such
an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment and to notify
Legal Counsel and each Investor who holds Registrable Securities being sold of the issuance of such order and the resolution thereof
or its receipt of actual notice of the initiation or threat of any proceeding for such purpose.


 


h.           At
the reasonable request of any Investor, the Company shall furnish to such Investor, on the date of the effectiveness of the Registration
Statement and thereafter from time to time on such dates as an Investor may reasonably request (i) a letter, dated such date, from
the Company's independent certified public accountants in form and substance as is customarily given by independent certified public
accountants to underwriters in an underwritten public offering, addressed to the Investors, and (ii) an opinion, dated as of such
date, of counsel representing the Company for purposes of such Registration Statement, in form, scope and substance as is customarily
given in an underwritten public offering, addressed to the Investors.


 




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i.           The
Company shall make available for inspection by (i) any Investor, (ii) Legal Counsel and (iii) one firm of accountants or other
agents retained by the Investors (collectively, the "Inspectors"),
all pertinent financial and other records, and pertinent corporate documents and properties of the Company (collectively, the "Records"),
as shall be reasonably deemed necessary by each Inspector, and cause the Company's officers, directors and employees to supply
all information which any Inspector may reasonably request; provided, however, that each Inspector shall agree to hold in strict
confidence and shall not make any disclosure (except to an Investor) or use of any Record or other information which the Company
determines in good faith to be confidential, and of which determination the Inspectors are so notified, unless (a) the disclosure
of such Records is necessary to avoid or correct a misstatement or omission in any Registration Statement or is otherwise required
under the 1933 Act, (b) the release of such Records is ordered pursuant to a final, non-appealable subpoena or order from a court
or government body of competent jurisdiction, or (c) the information in such Records has been made generally available to the public
other than by disclosure in violation of this or any other agreement of which the Inspector has knowledge. Each Investor agrees
that it shall, upon learning that disclosure of such Records is sought in or by a court or governmental body of competent jurisdiction
or through other means, give prompt notice to the Company and allow the Company, at its expense, to undertake appropriate action
to prevent disclosure of, or to obtain a protective order for, the Records deemed confidential. Nothing herein (or in any other
confidentiality agreement between the Company and any Investor) shall be deemed to limit the Investors' ability to sell Registrable
Securities in a manner which is otherwise consistent with applicable laws and regulations.


 


j.           The
Company shall hold in confidence and not make any disclosure of information concerning an Investor provided to the Company unless
(i) disclosure of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information
is necessary to avoid or correct a misstatement or omission in any Registration Statement, (iii) the release of such information
is ordered pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction,
or (iv) such information has been made generally available to the public other than by disclosure in violation of this Agreement
or any other agreement. The Company agrees that it shall, upon learning that disclosure of such information concerning an Investor
is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt written notice to
such Investor and allow such Investor, at the Investor's expense, to undertake appropriate action to prevent disclosure of, or
to obtain a protective order for, such information.


 


k.           The
Company shall use its best efforts either to (i) cause all of the Registrable Securities covered by a Registration Statement to
be listed on each securities exchange or quotation system on which securities of the same class or series issued by the Company
are then listed or quoted, if any, if the listing or quotation of such Registrable Securities is then permitted under the rules
of such exchange or quotation system, which may include The OTC Bulletin Board, or (ii) if the Common Stock is not then listed
or quoted, on a securities exchange or quotation system selected by the holders of at least a majority of such Registrable Securities.
The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section 3(k).


 




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l.           The
Company shall cooperate with the Investors who hold Registrable Securities being offered and, to the extent applicable, facilitate
the timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities
to be offered pursuant to a Registration Statement and enable such certificates to be in such denominations or amounts, as the
case may be, as the Investors may reasonably request and registered in such names as the Investors may request.


 


m.           Upon
reasonable request by an Investor, the Company shall (i) as soon as practicable incorporate in a prospectus supplement or post-effective
amendment such information as an Investor reasonably requests to be included therein relating to the sale and distribution of Registrable
Securities, including, without limitation, information with respect to the number of Registrable Securities being offered or sold,
the purchase price being paid therefor and any other terms of the offering of the Registrable Securities to be sold in such offering;
(ii) as soon as practicable make all required filings of such prospectus supplement or post-effective amendment after being notified
of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (iii) as soon as practicable,
supplement or make amendments to any Registration Statement if reasonably requested by an Investor holding any Registrable Securities.


 


n.           The
Company shall use its best efforts to cause the Registrable Securities covered by a Registration Statement to be registered with
or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition of such Registrable
Securities.


 


o.           The
Company shall make generally available to its security holders as soon as practical, but not later than ninety (90) days after
the close of the period covered thereby, an earnings statement (in form complying with, and in the manner provided by, the provisions
of Rule 158 under the 1933 Act) covering a twelve-month period beginning not later than the first day of the Company's fiscal quarter
next following the effective date of a Registration Statement.


 


p.           The
Company shall otherwise use its best efforts to comply with all applicable rules and regulations of the SEC in connection with
any registration hereunder.


 


q.           Within
two (2) Business Days after a Registration Statement which covers Registrable Securities is ordered effective by the SEC, the Company
shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities
(with copies to the Investors whose Registrable Securities are included in such Registration Statement) confirmation that such
Registration Statement has been declared effective by the SEC in the form attached hereto as Exhibit A.


 




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r.           Notwithstanding
anything to the contrary herein, at any time after the Registration Statement has been declared effective by the SEC, the Company
may delay the disclosure of material, non-public information concerning the Company the disclosure of which at the time is not,
in the good faith opinion of the Board of Directors of the Company and its counsel, in the best interest of the Company and, in
the opinion of counsel to the Company, otherwise required (a "Grace Period");
provided, that the Company shall promptly (i) notify the Investors in writing of the existence of material, non-public information
giving rise to a Grace Period (provided that in each notice the Company will not disclose the content of such material, non-public
information to the Investors) and the date on which the Grace Period will begin, and (ii) notify the Investors in writing of the
date on which the Grace Period ends; and, provided further, that no Grace Period shall exceed five (5) consecutive days and during
any three hundred sixty five (365) day period such Grace Periods shall not exceed an aggregate of twenty (20) days and the first
day of any Grace Period must be at least two (2) trading days after the last day of any prior Grace Period (each, an "Allowable
Grace Period"). For purposes of determining the length of a Grace Period above, the Grace
Period shall begin on and include the date the Investors receive the notice referred to in clause (i) and shall end on and include
the later of the date the Investors receive the notice referred to in clause (ii) and the date referred to in such notice. The
provisions of Section 3(f) hereof shall not be applicable during the period of any Allowable Grace Period. Upon expiration
of the Grace Period, the Company shall again be bound by the first sentence of Section 3(f) with respect to the information
giving rise thereto unless such material, non-public information is no longer applicable. Notwithstanding anything to the contrary,
the Company shall cause its transfer agent to deliver unlegended Shares of Common Stock to a transferee of an Investor in accordance
with the terms of the Share Purchase Agreement in connection with any sale of Registrable Securities with respect to which an Investor
has entered into a contract for sale, and delivered a copy of the prospectus included as part of the applicable Registration Statement,
prior to the Investor's receipt of the notice of a Grace Period and for which the Investor has not yet settled.


 


		4.	Piggyback Registration. 



 


a.           Whenever
the Company proposes to register any shares of its Common Stock under the 1933 Act (other than a registration effected (i) by the
Registration Statement, (ii) solely to implement an employee benefit plan or a transaction to which Rule 145 of the 1933 Act is
applicable, or (iii) a registration statement on Form S-4, S-8 or any successor form thereto or another form not available for
registering the Registrable Securities for sale to the public), whether for its own account or for the account of one or more stockholders
of the Company, and the form of registration statement to be used may be used for any registration of Registrable Securities (a
"Piggyback Registration", and the applicable
registration statement, a “Piggyback Registration Statement”), the Company
shall give prompt written notice (in any event no later than five (5) days prior to the filing of such Piggyback Registration Statement)
to the holders of Registrable Securities of its intention to effect such a registration and, subject to Section 4(b) and
Section 4(c), shall include in such registration all Registrable Securities with respect to which the Company has received
written requests for inclusion from the holders of Registrable Securities within three (3) days after the Company's notice has
been given to each such holder. The Company may postpone or withdraw the filing or the effectiveness of a Piggyback Registration
at any time in its sole discretion. 


 




    	11



    	 



    

 


b.           If
a Piggyback Registration is initiated as a primary underwritten offering on behalf of the Company and the managing underwriter
advises the Company and the holders of Registrable Securities (if any holders of Registrable Securities have elected to include
Registrable Securities in such Piggyback Registration) in writing that in its opinion the number of shares of Common Stock proposed
to be included in such registration, including all Registrable Securities and all other shares of Common Stock proposed to be included
in such underwritten offering, exceeds the number of shares of Common Stock which can be sold in such offering and/or that the
number of shares of Common Stock proposed to be included in any such registration would adversely affect the price per share of
the Common Stock to be sold in such offering, the Company shall include in such registration: (i) first, the number of shares of
Common Stock that the Company proposes to sell; (ii) second, the number of shares of Common Stock requested to be included therein
by holders of (A) Registrable Securities and (B) Glori Mandatory Registration Securities, allocated pro rata among all such holders
on the basis of the number of Registrable Securities or Glori Mandatory Registration Securities, as the case may be, owned by each
such holder or in such manner as they may otherwise agree; (iii) third, the number of shares of Common Stock requested to be included
therein by holders of Common Stock (other than holders of Registrable Securities or Glori Mandatory Registration Securities) pursuant
to (A) that certain Registration Rights Agreement, dated as of April 14, 2014, by and among the Company and the holders party thereto
(the “Glori Registration Rights Agreement”),
(B) that certain Registration Rights Agreement, dated as of July 19, 2012, by and among Parent, certain of the Buyers and the other
parties thereto (the “Sponsor Registration Rights Agreement”), and (C) the
Option Registration Rights, allocated among such holders described in clauses (A), (B), and (C) above pro rata or in such manner
as they may agree; and (iv) fourth, the number of shares of Common Stock requested to be included therein by other holders of Common
Stock (other than holders of Registrable Securities or holders described in clause (iii) above), including pursuant to written
contractual registration rights, allocated among such holders pro rata or in such manner as they may agree; provided, that in any
event the holders of Registrable Securities shall be entitled to register at least 30% of the securities to be included in any
such registration.


 


c.           If
a Piggyback Registration is initiated as an underwritten offering on behalf of a holder of Common Stock other than Registrable
Securities, and the managing underwriter advises the Company in writing that in its opinion the number of shares of Common Stock
proposed to be included in such registration, including all Registrable Securities and all other shares of Common Stock proposed
to be included in such underwritten offering, exceeds the number of shares of Common Stock which can be sold in such offering and/or
that the number of shares of Common Stock proposed to be included in any such registration would adversely affect the price per
share of the Common Stock to be sold in such offering, the Company shall include in such registration: (i) first, the number of
shares of Common Stock requested to be included therein by the holders of Common Stock other than Registrable Securities who have
initiated such registration, allocated pro rata among such holders or in such manner as they may otherwise agree; (ii), second,
the number of shares of Common Stock requested to be included therein by holders of (A) Registrable Securities and (B) Glori Mandatory
Registration Securities, allocated pro rata among all such holders on the basis of the number of Registrable Securities or Glori
Mandatory Registration Securities, as the case may be, owned by each such holder or in such manner as they may otherwise agree;
(iii) third, the number of shares of Common Stock requested to be included therein by holders of Common Stock (other than holders
of Registrable Securities or Glori Mandatory Registration Securities) pursuant to (A) the Glori Registration Rights Agreement,
(B) the Sponsor Registration Rights Agreement, and (C) the Option Registration Rights, allocated among such holders described in
clauses (A), (B), and (C) above pro rata or in such manner as they may agree; and (iv) fourth, the number of shares of Common Stock
requested to be included therein by other holders of Common Stock (other than holders of Registrable Securities or holders described
in clause (ii) above), including pursuant to written contractual registration rights, allocated among such holders pro rata or
in such manner as they may agree.


 




    	12



    	 



    

 


d.           If
any Piggyback Registration is initiated as a primary underwritten offering on behalf of the Company, the Company, with the Investors’
consent, which shall not be unreasonably withheld, shall select the investment banking firm or firms to act as the managing underwriter
or underwriters in connection with such offering.


 


		5.	Obligations of the Investors.



 


a.           At
least five (5) Business Days prior to the first anticipated filing date of a Registration Statement, the Company shall notify each
Investor in writing of the information the Company requires from each such Investor if such Investor elects to have any of such
Investor's Registrable Securities included in such Registration Statement. It shall be a condition precedent to the obligations
of the Company to complete the registration pursuant to this Agreement with respect to the Registrable Securities of a particular
Investor that such Investor shall furnish to the Company such information regarding itself, the Registrable Securities held by
it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably required to effect the
effectiveness of the registration of such Registrable Securities and shall execute such documents in connection with such registration
as the Company may reasonably request. 


 


b.           Each
Investor, by such Investor's acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested
by the Company in connection with the preparation and filing of any Registration Statement hereunder, unless such Investor has
notified the Company in writing of such Investor's election to exclude all of such Investor's Registrable Securities from such
Registration Statement.


 


c.           Each
Investor agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section
3(g) or the first sentence of Section 3(f), such Investor will immediately discontinue disposition of Registrable Securities
pursuant to any Registration Statement(s) covering such Registrable Securities until such Investor's receipt of the copies of the
supplemented or amended prospectus contemplated by Section 3(g) or the first sentence of Section 3(f) or receipt
of notice that no supplement or amendment is required. Notwithstanding anything to the contrary, the Company shall cause its transfer
agent to deliver unlegended Shares of Common Stock to a transferee of an Investor in accordance with the terms of the Share Purchase
Agreement in connection with any sale of Registrable Securities with respect to which an Investor has entered into a contract for
sale prior to the Investor's receipt of a notice from the Company of the happening of any event of the kind described in Section
3(g) or the first sentence of Section 3(f) and for which the Investor has not yet settled.


 




    	13



    	 



    

 


d.           Each
Investor covenants and agrees that it will comply with the prospectus delivery requirements of the 1933 Act as applicable to it
in connection with sales of Registrable Securities pursuant to the
Registration Statement.


 


		6.	Expenses of Registration.



 


All
reasonable expenses, other than underwriting discounts and commissions, incurred in connection with registrations, filings or qualifications
pursuant to Sections 2 and 3, including, without limitation, all registration, listing and qualifications fees, printers
and accounting fees, and fees and disbursements of counsel for the Company shall be paid by the Company. The Company shall also
reimburse the Investors for the fees and disbursements of Legal Counsel in connection with registration, filing or qualification
pursuant to Sections 2 and 3 of this Agreement which amount shall be limited to $15,000.


 


		7.	Indemnification.



 


In
the event any Registrable Securities are included in a Registration Statement or Piggyback Registration Statement under this Agreement:


 




    	14



    	 



    

 


a.           To
the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend each Investor, the
directors, officers, members, partners, employees, agents, representatives of, and each Person, if any, who controls any Investor
within the meaning of the 1933 Act or the 1934 Act (each, an "Indemnified Person"),
against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys' fees, amounts
paid in settlement or expenses, joint or several, (collectively, "Claims") incurred
in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing
by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether pending or threatened,
whether or not an indemnified party is or may be a party thereto ("Indemnified Damages"),
to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in
respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in a Registration
Statement or Piggyback Registration Statement or any post-effective amendment thereto or in any filing made in connection with
the qualification of the offering under the securities or other "blue sky" laws of any jurisdiction in which Registrable
Securities are offered ("Blue Sky Filing"), or the omission or alleged omission
to state a material fact required to be stated therein or necessary to make the statements therein not misleading, (ii) any untrue
statement or alleged untrue statement of a material fact contained in any preliminary prospectus if used prior to the effective
date of such Registration Statement or Piggyback Registration Statement, or contained in the final prospectus (as amended or supplemented,
if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein
any material fact necessary to make the statements made therein, in the light of the circumstances under which the statements therein
were made, not misleading, (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other law,
including, without limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of
the Registrable Securities pursuant to a Registration Statement or Piggyback Registration Statement or (iv) any violation of this
Agreement (the matters in the foregoing clauses (i) through (iv) being, collectively, "Violations").
Subject to Section 7(c), the Company shall reimburse the Indemnified Persons, promptly as such expenses are incurred and
are due and payable, for any legal fees or other reasonable expenses incurred by them in connection with investigating or defending
any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section
7(a): (i) shall not apply to a Claim by an Indemnified Person arising out of or based upon a Violation which occurs in reliance
upon and in conformity with information furnished in writing to the Company by such Indemnified Person expressly for use in connection
with the preparation of the Registration Statement or a Piggyback Registration Statement or any such amendment thereof or supplement
thereto, if such prospectus was timely made available by the Company pursuant to Section 3(d); (ii) with respect to any
preliminary prospectus, shall not inure to the benefit of any such Person from whom the Person asserting any such Claim purchased
the Registrable Securities that are the subject thereof (or to the benefit of any Person controlling such Person) if the untrue
statement or omission of material fact contained in the preliminary prospectus was corrected in the prospectus, as then amended
or supplemented, if such prospectus was timely made available by the Company pursuant to Section 3(d), and the Indemnified
Person was promptly advised in writing not to use the incorrect prospectus prior to the use giving rise to a violation and such
Indemnified Person, notwithstanding such advice, used it or failed to deliver the correct prospectus as required by the 1933 Act
and such correct prospectus was timely made available pursuant to Section 3(d); (iii) shall not be available to the extent
such Claim is based on a failure of the Investor to deliver or to cause to be delivered the prospectus made available by the Company,
including a corrected prospectus, if such prospectus or corrected prospectus was timely made available by the Company pursuant
to Section 3(d); and (iv) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without
the prior written consent of the Company, which consent shall not be unreasonably withheld or delayed. Such indemnity shall remain
in full force and effect regardless of any investigation made by or on behalf of the Indemnified Person and shall survive the transfer
of the Registrable Securities by the Investors pursuant to Section 10.


 


b.           In
connection with any Registration Statement or Piggyback Registration Statement in which an Investor is participating, each such
Investor agrees to severally and not jointly indemnify, hold harmless and defend, to the same extent and in the same manner as
is set forth in Section 7(a), the Company, each of its directors, each of its officers who signs the Registration Statement
or Piggyback Registration Statement and each Person, if any, who controls the Company within the meaning of the 1933 Act or the
1934 Act (each, an "Indemnified Party"), against
any Claim or Indemnified Damages to which any of them may become subject, under the 1933 Act, the 1934 Act or otherwise, insofar
as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the extent, and only to the
extent, that such Violation occurs in reliance upon and in conformity with written information furnished to the Company by such
Investor expressly for use in connection with such Registration Statement or Piggyback Registration Statement; and, subject to
Section 7(c), such Investor will reimburse any legal or other expenses reasonably incurred by an Indemnified Party in connection
with investigating or defending any such Claim; provided, however, that the indemnity agreement contained in this Section 7(b)
and the agreement with respect to contribution contained in Section 8 shall not apply to amounts paid in settlement of any
Claim if such settlement is effected without the prior written consent of such Investor, which consent shall not be unreasonably
withheld or delayed; provided, further, however, that the Investor shall be liable under this Section 7(b) for only that
amount of a Claim or Indemnified Damages as does not exceed the net proceeds to such Investor as a result of the sale of Registrable
Securities pursuant to such Registration Statement or Piggyback Registration Statement. Such indemnity shall remain in full force
and effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive the transfer of the
Registrable Securities by the Investors pursuant to Section 10. Notwithstanding anything to the contrary contained herein,
the indemnification agreement contained in this Section 7(b) with respect to any preliminary prospectus shall not inure
to the benefit of any Indemnified Party if the untrue statement or omission of material fact contained in the preliminary prospectus
was corrected on a timely basis in the prospectus, as then amended or supplemented.


 




    	15



    	 



    

 


c.           Promptly
after receipt by an Indemnified Person or Indemnified Party under this Section 7 of notice of the commencement of any action
or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party
shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 7, deliver to the indemnifying
party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to
the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of
the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified
Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its
own counsel with the fees and expenses of not more than one counsel for such Indemnified Person or Indemnified Party to be paid
by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying party, the representation by such
counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential
differing interests between such Indemnified Person or Indemnified Party and any other party represented by such counsel in such
proceeding. In the case of an Indemnified Person, legal counsel referred to in the immediately preceding sentence shall be selected
by the Investors holding at least a majority in interest of the Registrable Securities included in the Registration Statement or
Piggyback Registration Statement to which the Claim relates. The Indemnified Party or Indemnified Person shall cooperate fully
with the indemnifying party in connection with any negotiation or defense of any such action or Claim by the indemnifying party
and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified Person
which relates to such action or Claim. The indemnifying party shall keep the Indemnified Party or Indemnified Person reasonably
apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party
shall be liable for any settlement of any action, claim or proceeding effected without its prior written consent, provided, however,
that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without
the prior written consent of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement
or other compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified
Party or Indemnified Person of a release from all liability in respect to such Claim or litigation. Following indemnification as
provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person
with respect to all third parties, firms or corporations relating to the matter for which indemnification has been made. The failure
to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve
such indemnifying party of any liability to the Indemnified Person or Indemnified Party under this Section 7, except to
the extent that the indemnifying party is prejudiced in its ability to defend such action.


 




    	16



    	 



    

 


d.           The
indemnification required by this Section 7 shall be made by periodic payments of the amount thereof during the course of
the investigation or defense, as and when bills are received or Indemnified Damages are incurred.


 


e.           The
indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party
or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject
to pursuant to the law.


 


		8.	Contribution.



 


To
the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make
the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 7 to the fullest
extent permitted by law; provided, however, that: (i) no Person involved in the sale of Registrable Securities which Person is
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) in connection with such sale shall
be entitled to contribution from any Person involved in such sale of Registrable Securities who was not guilty of fraudulent misrepresentation;
and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received
by such seller from the sale of such Registrable Securities pursuant to such Registration Statement or Piggyback Registration Statement.


 


		9.	Reports Under the 1934 Act. 



 


With
a view to making available to the Investors the benefits of Rule 144 promulgated under the 1933 Act or any other similar rule or
regulation of the SEC that may at any time permit the Investors to sell securities of the Company to the public without registration
("Rule 144"), the Company agrees to:


 


a.           make
and keep public information available, as those terms are understood and defined in Rule 144;


 


b.           file
with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act so
long as the Company remains subject to such requirements and the filing of such reports and other documents is required for the
applicable provisions of Rule 144; and


 


c.           furnish
to each Investor so long as such Investor owns Registrable Securities, promptly upon request, (i) a written statement by the Company,
if true, that it has complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most
recent annual report of the Company and such other reports and documents so filed by the Company, and (iii) such other information
as may be reasonably requested to permit the Investors to sell such securities pursuant to Rule 144 without registration.


 




    	17



    	 



    

 


		10.	Assignment of Registration Rights. 



 


The
rights under this Agreement shall be automatically assignable by the Investors to any transferee of all or any portion of such
Investor's Registrable Securities if: (i) the Investor agrees in writing with the transferee or assignee to assign such rights,
and a copy of such agreement is furnished to the Company within a reasonable time after such assignment; (ii) the Company is, within
a reasonable time after such transfer or assignment, furnished with written notice of (a) the name and address of such transferee
or assignee, and (b) the securities with respect to which such registration rights are being transferred or assigned; (iii) immediately
following such transfer or assignment the further disposition of such securities by the transferee or assignee is restricted under
the 1933 Act and applicable state securities laws; (iv) at or before the time the Company receives the written notice contemplated
by clause (ii) of this sentence the transferee or assignee agrees in writing with the Company to be bound by all of the provisions
contained herein; and (v) such transfer shall have been made in accordance with the applicable requirements of the Share Purchase
Agreement.


 


		11.	Amendment of Registration Rights.



 


Provisions
of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either
retroactively or prospectively), only with the written consent of the Company and the Required Holders. Any amendment or waiver
effected in accordance with this Section 11 shall be binding upon each Investor and the Company. No such amendment shall
be effective to the extent that it applies to less than all of the holders of the Registrable Securities. No consideration shall
be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of this Agreement unless
the same consideration also is offered to all of the parties to this Agreement.


 


		12.	Preservation of Rights.



 


The
Company shall not (a) grant any registration rights to third parties which are more favorable than or inconsistent with the rights
granted hereunder, or (b) enter into any agreement, take any action, or permit any change to occur, with respect to its securities
that violates or subordinates the rights expressly granted to the holders of Registrable Securities in this Agreement; provided,
that the Buyers acknowledge and agree that the rights granted pursuant to the Glori Registration Rights Agreement do not violate
this Section 12.


 


		13.	Miscellaneous.



 


a.           A
Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable
Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the
same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the such record
owner of such Registrable Securities.


 


b.           Any
notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be
in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent
by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending
party); or (iii) one Business Day after deposit with a nationally recognized overnight delivery service, in each case properly
addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be:


 




    	18



    	 



    

 


If to the Company:


 


c/o Infinity-C.S.V.C.
Management Ltd.


3 Azrieli Center (Triangle
Tower)


42nd Floor, Tel Aviv,
Israel, 67023


Attn: Mark Chess


Facsimile: 972-3-6075456


Email: MarkC@infinity-equity.com


 


With a copy to:


 


Ellenoff Grossman &
Schole LLP


1345 Avenue of the Americas,
11th Floor


New York, New York 10105


Attention: Stuart Neuhauser


Facsimile: (212) 370-7889


Email: sneuhauser@egsllp.com


 


If
to Legal Counsel:


 


Akin Gump Strauss Hauer
& Feld LLP


1700 Pacific Avenue,
Suite 4100


Dallas, Texas 75201


Attention: Robert W.
Dockery


Facsimile: (214) 969-3434


Email: rdockery@akingump.com


 


If to a
Buyer, to its address and facsimile number set forth on the Schedule of Buyers attached hereto, with copies to such Buyer's representatives
as set forth on the Schedule of Buyers, or to such other address and/or facsimile number and/or to the attention of such other
Person as the recipient party has specified by written notice given to each other party five (5) days prior to the effectiveness
of such change. Written confirmation of receipt (A) given by the recipient of such notice, consent, waiver or other communication,
(B) mechanically or electronically generated by the sender's facsimile machine containing the time, date, recipient facsimile number
and an image of the first page of such transmission or (C) provided by a courier or overnight courier service shall be rebuttable
evidence of personal service, receipt by facsimile or receipt from a nationally recognized overnight delivery service in accordance
with clause (i), (ii) or (iii) above, respectively.


 


c.           Failure
of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or
remedy, shall not operate as a waiver thereof.


 




    	19



    	 



    

 


d.           All
questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal
laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the
State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the
State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting
in The City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with
any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action
or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding
is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably
waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy
thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute
good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any manner permitted by law. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction,
such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that
jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction. EACH PARTY HEREBY
IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER
OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.


 


e.           This
Agreement, the other Transaction Documents (as defined in the Share Purchase Agreement) and the instruments referenced herein and
therein constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof. There are
no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein and therein. This Agreement,
the other Transaction Documents and the instruments referenced herein and therein supersede all prior agreements and understandings
among the parties hereto with respect to the subject matter hereof and thereof.


 


f.           Subject
to the requirements of Section 10, this Agreement shall inure to the benefit of and be binding upon the permitted successors
and assigns of each of the parties hereto.


 


g.           The
headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.


 


h.           This
Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute
one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission
of a copy of this Agreement bearing the signature of the party so delivering this Agreement.


 






    	20



    	 



    

 







 





i.            Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and
deliver all such other agreements, certificates, instruments and documents, as any other party may reasonably request in order
to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.


 


j.            All consents and other determinations required to be made by the Investors pursuant to this Agreement shall be made, unless
otherwise specified in this Agreement, by the Required Holders.


 


k.            The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent
and no rules of strict construction will be applied against any party. 


 


l.            This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and
is not for the benefit of, nor may any provision hereof be enforced by, any other Person.


 


m.            The obligations of each Buyer hereunder are several and not joint with the obligations of any other Buyer, and no provision
of this Agreement is intended to confer any obligations on any Buyer vis-à-vis any other Buyer. Nothing contained herein,
and no action taken by any Buyer pursuant hereto, shall be deemed to constitute the Buyers as a partnership, an association, a
joint venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert or as a group
with respect to such obligations or the transactions contemplated herein.


 


* * * * *
*




 






    	21



    	 



    




 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	COMPANY:
	 	 
	 	GLORI ENERGY INC. (f/k/a GLORI ACQUISITION CORP.)
	 	 
	 	By:	/s/ Mark Chess
	 	Name: Mark Chess
	 	Title: CEO


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYER:
	 	 
	 	HH ENERGY GROUP, LP
	 	 
	 	By: HEP-INXB LLC, its general partner
	 	 
	 	By:	/s/ Lori K. McCutcheon
	 	Name: Lori K. McCutcheon
	 	Title:   EVP


 


[Signature Page
to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYERS:
	 	 
	 	INFINITY I-CHINA FUND (CAYMAN) L.P.
	 	 
	 	By:	/s/ Avishai Silvershatz
	 	Name: Avishai Silvershatz
	 	Title: Managing Partner
	 	 
	 	INFINITY I-CHINA FUND (ISRAEL) L.P.
	 	 
	 	By:	/s/ Avishai Silvershatz
	 	Name: Avishai Silvershatz
	 	Title: Managing Partner
	 	 
	 	INFINITY I-CHINA FUND (ISRAEL 2) L.P.
	 	 
	 	By:	/s/ Avishai Silvershatz
	 	Name: Avishai Silvershatz
	 	Title: Managing Partner
	 	 
	 	INFINITY I-CHINA FUND (ISRAEL 3) L.P.
	 	 
	 	By:	/s/ Avishai Silvershatz
	 	Name: Avishai Silvershatz
	 	Title: Managing Partner


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYER:
	 	 
	 	/s/ Leon Recanati
	 	Leon Recanati


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYER:
	 	 
	 	PETRO-HUNT, L.L.C.
	 	 
	 	By:	/s/ B.W. Hunt
	 	Name: B.W. Hunt
	 	Title: President


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYER:
	 	 
	 	/s/ Kenneth F. Yontz
	 	Kenneth F. Yontz


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYER:
	 	 
	 	OAK STREAM INVESTORS III, LTD
	 	 
	 	By:	/s/ J.D. Furst
	 	Name: J.D. Furst
	 	Title:


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYER:
	 	 
	 	/s/ Jerry M. Meyer
	 	Jerry M. Meyer


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYER:
	 	 
	 	/s/ Carter Meyer
	 	Carter Meyer


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYER:
	 	 
	 	BIG COUNTRY INTERESTS, LLC
	 	 
	 	By:	/s/ Eric M. Swanson
	 	Name: Eric M. Swanson
	 	Title: Manager


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this Registration Rights Agreement
to be duly executed as of the date first written above.


 


	 	BUYER:
	 	 
	 	KWL MINERALS, LTD.
	 	 
	 	By:	/s/ Tyler Leon
	 	Name: Tyler Leon
	 	Title: Vice President


 


[Signature
Page to Registration Rights Agreement]


 




    	 



    	 



    

 


SCHEDULE
OF BUYERS


 


	

Buyer	 	Buyer's Address

and Facsimile Number	 	Buyer's Representative's Address 

and Facsimile Number
	 	 	 	 	 
	Infinity I-China Fund (Cayman) L.P.	 	c/o Infinity-C.S.V.C. Management Ltd.	 	Ellenoff Grossman & Schole LLP
	 	 	3 Azrieli Center (Triangle Tower)	 	1345 Avenue of the Americas, 11th Floor
	 	 	42nd Floor, Tel Aviv, Israel, 67023	 	New York, New York 10105
	 	 	Attn:  Mark Chess	 	Attn: Stuart Neuhauser
	 	 	Facsimile: 972-6075456	 	Facsimile: (212) 370-7889
	 	 	 	 	 
	Infinity I-China Fund (Israel) L.P.	 	c/o Infinity-C.S.V.C. Management Ltd.	 	Ellenoff Grossman & Schole LLP
	 	 	3 Azrieli Center (Triangle Tower)	 	1345 Avenue of the Americas, 11th Floor
	 	 	42nd Floor, Tel Aviv, Israel, 67023	 	New York, New York 10105
	 	 	Attn:  Mark Chess	 	Attn: Stuart Neuhauser
	 	 	Facsimile: 972-6075456	 	Facsimile: (212) 370-7889
	 	 	 	 	 
	Infinity I-China Fund (Israel 2) L.P.	 	c/o Infinity-C.S.V.C. Management Ltd.	 	Ellenoff Grossman & Schole LLP
	 	 	3 Azrieli Center (Triangle Tower)	 	1345 Avenue of the Americas, 11th Floor
	 	 	42nd Floor, Tel Aviv, Israel, 67023	 	New York, New York 10105
	 	 	Attn:  Mark Chess	 	Attn: Stuart Neuhauser
	 	 	Facsimile: 972-6075456	 	Facsimile: (212) 370-7889
	 	 	 	 	 
	Infinity I-China Fund (Israel 3) L.P.	 	c/o Infinity-C.S.V.C. Management Ltd.	 	Ellenoff Grossman & Schole LLP
	 	 	3 Azrieli Center (Triangle Tower)	 	1345 Avenue of the Americas, 11th Floor
	 	 	42nd Floor, Tel Aviv, Israel, 67023	 	New York, New York 10105
	 	 	Attn:  Mark Chess	 	Attn: Stuart Neuhauser
	 	 	Facsimile: 972-6075456	 	Facsimile: (212) 370-7889
	 	 	 	 	 
	Leon Recanati	 	GlenRock Israel (ATTN: Asaf Iram)	 	 
	 	 	85 Medinat Hayehudim St.	 	 
	 	 	Herzliya Business Park, 8th Floor	 	 
	 	 	Herzliya 46140	 	 
	 	 	 	 	 
	HH Energy Group, LP	 	100 Crescent Court, Suite 1200	 	Akin Gump Strauss Hauer & Feld LLP
	 	 	Dallas, Texas 75201	 	1700 Pacific Avenue, Suite 4100
	 	 	Attn:  Lori K. McCutcheon	 	Dallas, Texas 75201
	 	 	Facsimile: (214) 615-2242	 	Attention:  Robert W. Dockery
	 	 	 	 	Facsimile: (214) 969-3434
	 	 	 	 	Telephone:  (214) 969-4316
	 	 	 	 	 
	Petro-Hunt, L.L.C.	 	1601 Elm Street, Suite 3400	 	 
	 	 	Dallas, Texas 75201	 	 
	 	 	Attn:  David S. Hunt	 	 
	 	 	Facsimile: (214) 880-7101	 	 


 




    	 



    	 



    

 


	Kenneth F. Yontz	 	74-465 Quail Lakes Dr.	 	 
	 	 	Indian Wells, California 92210	 	 
	 	 	Facsimile: (760) 862-2173	 	 
	 	 	 	 	 
	Oak Stream Investors III, Ltd	 	Oak Stream Investors	 	 
	 	 	Attn: Mr. Jack Furst	 	 
	 	 	Providence Towers	 	 
	 	 	5001 Spring Valley Road	 	 
	 	 	Suite 1040 E	 	 
	 	 	Dallas, Texas 75244	 	 
	 	 	 	 	 
	Jerry Meyer	 	2828 Harwood	 	 
	 	 	Suite 1220	 	 
	 	 	Dallas, Texas 75201	 	 
	 	 	 	 	 
	Carter Meyer	 	2828 Harwood	 	 
	 	 	Suite 1220	 	 
	 	 	Dallas, Texas 75201	 	 
	 	 	 	 	 
	Big Country Interests, LLC	 	3100 Monticello Ave.	 	 
	 	 	Suite 240	 	 
	 	 	Dallas, Texas 75205	 	 
	 	 	 	 	 
	KWL Minerals, Ltd.	 	PO Box 470857	 	 
	 	 	Fort Worth, Texas 76147	 	 


 




    	 



    	 



    

 


EXHIBIT
A


 


FORM
OF NOTICE OF EFFECTIVENESS

OF REGISTRATION STATEMENT


 


[Transfer Agent]


[Address]


Attention:


 


		Re:	[Glori Acquisition Corp.]



 


Ladies and Gentlemen:


 


[We
are][I am] counsel to [Glori Acquisition Corp.], a Delaware corporation (the "Company"), and have represented
the Company in connection with that certain Share Purchase Agreement (the "Share Purchase Agreement") entered
into by and among the Company and the buyers named therein (collectively, the "Holders") pursuant to which the
Company issued to the Holders certain shares of the Company's common stock (the "Common Stock"). Pursuant
to the Share Purchase Agreement, the Company also has entered into a Registration Rights Agreement with the Holders (the "Registration
Rights Agreement") pursuant to which the Company agreed, among other things, to register the Registrable Securities (as
defined in the Registration Rights Agreement) under the Securities Act of 1933, as amended (the "1933 Act"). In
connection with the Company's obligations under the Registration Rights Agreement, on ____________ ___, 2014, the Company filed
a Registration Statement on Form [S-3] (File No. 333-_____________) (the "Registration Statement") with the Securities
and Exchange Commission (the "SEC") relating to the Registrable Securities which names each of the Holders as
a selling shareholder thereunder.


 


In
connection with the foregoing, [we][I] advise you that a member of the SEC's staff has advised [us][me] by telephone that the SEC
has entered an order declaring the Registration Statement effective under the 1933 Act at [ENTER TIME OF EFFECTIVENESS]
on [ENTER DATE OF EFFECTIVENESS] and [we][I] have no knowledge, after telephonic inquiry of a member of the SEC's
staff, that any stop order suspending its effectiveness has been issued or that any proceedings for that purpose are pending before,
or threatened by, the SEC and the Registrable Securities are available for resale under the 1933 Act pursuant to the Registration
Statement.


 


This
letter shall serve as our standing opinion to you that the shares of Common Stock are freely transferable by the Holders pursuant
to the Registration Statement. You need not require further letters from us to effect any future legend-free issuance or reissuance
of shares of Common Stock to the Holders [as contemplated by the Company's Irrevocable Transfer].


 




    	 



    	 



    

 


Agent
Instructions dated ________ __, 2014. This letter shall serve as our standing opinion with regard to this matter.


 


	 	Very truly yours,
	 	 
	 	[ISSUER'S COUNSEL]
	 	 
	 	By:	 
	CC: [LIST NAMES OF HOLDERS]	 


 




    	 



    	 



    

 


EXHIBIT
B


 


SELLING
SHAREHOLDERS


 


We
are registering the shares of Common Stock being offered by the selling shareholders in order to permit the selling shareholders
to offer the shares for resale from time to time. Except for the purchase of these shares of Common Stock from the Company pursuant
to that certain Share Purchase Agreement, the selling shareholders have not had any material relationship with us within the past
three years other than relationships described in our filings with the Securities and Exchange Commission. For additional information
regarding the issuance of the shares of Common Stock being offered by the selling stockholders, see "Private Placement of
Shares of Common Stock" above.


 


The
table below lists the selling shareholders and other information regarding the beneficial ownership of the shares of Common Stock
by each of the selling shareholders. The second column lists the number of shares of Common Stock beneficially owned by each selling
shareholder, based on its ownership as of ________, 2014.


 


The
third column lists the shares of Common Stock being offered by this prospectus by the selling shareholders. The fourth column assumes
the sale of all of the shares offered by the selling shareholders pursuant to this prospectus.


 


The
selling shareholders may sell all, some or none of their shares in this offering. See "Plan of Distribution."


 




    	 



    	 



    

 


	Name of Selling Shareholder	 	Number of Shares Owned
 Prior to Offering	 	 	Maximum Number of Shares
 to be Sold Pursuant to this
 Prospectus	 	 	Number of Shares Owned
 After Offering	 
		 	 		 	 	 		 	 	 		 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 



 




    	 



    	 



    

 


 


PLAN
OF DISTRIBUTION


 


We
are registering the shares of Common Stock to permit the resale of these shares of Common Stock by the holders thereof from time
to time after the date of this prospectus. We will not receive any of the proceeds from the sale by the selling shareholders of
the shares of Common Stock. We will bear all fees and expenses incident to our obligation to register the shares of Common Stock.


 


The
selling shareholders may sell all or a portion of the shares of Common Stock beneficially owned by them and offered hereby from
time to time directly or through one or more underwriters, broker-dealers or agents. If the shares of Common Stock are sold through
underwriters or broker-dealers, the selling shareholders will be responsible for underwriting discounts or commissions or agent's
commissions. The shares of Common Stock may be sold in one or more transactions at fixed prices, at prevailing market prices at
the time of the sale, at varying prices determined at the time of sale, or at negotiated prices. These sales may be effected in
various transactions, which may involve crosses or block transactions, including the following:


 


		·	transactions on any national securities exchange or quotation service on which the securities may
be listed or quoted at the time of sale;



 


		·	transactions in the over-the-counter market;



 


		·	transactions otherwise than on these exchanges or systems or in the over-the-counter market;



 


		·	through the writing of options, whether such options are listed on an options exchange or otherwise;



 


		·	ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;



 


		·	underwritten public offerings; 



 


		·	block trades in which the broker-dealer will attempt to sell the shares as agent but may position
and resell a portion of the block as principal to facilitate the transaction;



 


		·	purchases by a broker-dealer as principal and resale by the broker-dealer for its account;



 


		·	an exchange distribution in accordance with the rules of the applicable exchange;



 


		·	privately negotiated transactions;



 


		·	short sales;



 


		·	sales pursuant to Rule 144;



 




    	 



    	 



    

  


		·	broker-dealers may agree with the selling securityholders to sell a specified number of such shares
at a stipulated price per share;



 


		·	a combination of any such methods of sale; and



 


		·	any other method permitted pursuant to applicable law.



 


If
the selling shareholders effect such transactions by selling shares of Common Stock to or through underwriters, broker-dealers
or agents, such underwriters, broker-dealers or agents may receive commissions in the form of discounts, concessions or commissions
from the selling shareholders or commissions from purchasers of the shares of Common Stock for whom they may act as agent or to
whom they may sell as principal (which discounts, concessions or commissions as to particular underwriters, broker-dealers or agents
may be in excess of those customary in the types of transactions involved). In connection with sales of the shares of Common Stock
or otherwise, the selling shareholders may enter into hedging transactions with broker-dealers, which may in turn engage in short
sales of the shares of Common Stock in the course of hedging in positions they assume. The selling shareholders may also sell shares
of Common Stock short and deliver shares of Common Stock covered by this prospectus to close out short positions and to return
borrowed shares in connection with such short sales. The selling shareholders may also loan or pledge shares of Common Stock to
broker-dealers that in turn may sell such shares.


 


The
selling shareholders may pledge or grant a security interest in some or all of the shares of Common Stock owned by them and, if
they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of
Common Stock from time to time pursuant to this prospectus or any amendment to this prospectus under Rule 424(b)(3) or other applicable
provision of the Securities Act of 1933, as amended, amending, if necessary, the list of selling shareholders to include the pledgee,
transferee or other successors in interest as selling shareholders under this prospectus. The selling shareholders also may transfer
and donate the shares of Common Stock in other circumstances in which case the transferees, donees, pledgees or other successors
in interest will be the selling beneficial owners for purposes of this prospectus.


 


The
selling shareholders and any broker-dealer participating in the distribution of the shares of Common Stock may be deemed to be
"underwriters" within the meaning of the Securities Act, and any commission paid, or any discounts or concessions allowed
to, any such broker-dealer may be deemed to be underwriting commissions or discounts under the Securities Act. At the time a particular
offering of the shares of Common Stock is made, a prospectus supplement, if required, will be distributed which will set forth
the aggregate amount of shares of Common Stock being offered and the terms of the offering, including the name or names of any
broker-dealers or agents, any discounts, commissions and other terms constituting compensation from the selling shareholders and
any discounts, commissions or concessions allowed or reallowed or paid to broker-dealers.


 


Under
the securities laws of some states, the shares of Common Stock may be sold in such states only through registered or licensed brokers
or dealers. In addition, in some states the shares of Common Stock may not be sold unless such shares have been registered or qualified
for sale in such state or an exemption from registration or qualification is available and is complied with.


 




    	 



    	 



    

 


There
can be no assurance that any selling shareholder will sell any or all of the shares of Common Stock registered pursuant to the
shelf registration statement, of which this prospectus forms a part.


 


The
selling shareholders and any other person participating in such distribution will be subject to applicable provisions of the Securities
Exchange Act of 1934, as amended, and the rules and regulations thereunder, including, without limitation, Regulation M of the
Exchange Act, which may limit the timing of purchases and sales of any of the shares of Common Stock by the selling shareholders
and any other participating person. Regulation M may also restrict the ability of any person engaged in the distribution of the
shares of Common Stock to engage in market-making activities with respect to the shares of Common Stock. All of the foregoing may
affect the marketability of the shares of Common Stock and the ability of any person or entity to engage in market-making activities
with respect to the shares of Common Stock.


 


We
will pay all expenses of the registration of the shares of Common Stock pursuant to the registration rights agreement, estimated
to be $[     ] in total, including, without limitation, Securities and Exchange Commission filing fees
and expenses of compliance with state securities or "blue sky" laws; provided, however, that a selling shareholder will
pay all underwriting discounts and selling commissions, if any. We will indemnify the selling shareholders against liabilities,
including some liabilities under the Securities Act, in accordance with the registration rights agreements, or the selling shareholders
will be entitled to contribution. We may be indemnified by the selling shareholders against civil liabilities, including liabilities
under the Securities Act, that may arise from any written information furnished to us by the selling shareholder specifically for
use in this prospectus, in accordance with the related registration rights agreements, or we may be entitled to contribution.


 


Once
sold under the shelf registration statement, of which this prospectus forms a part, the shares of Common Stock will be freely tradable
in the hands of persons other than our affiliates.