Document:

Exhibit 10.7 

 

AMENDED AND RESTATED FORWARD PURCHASE
AGREEMENT

 

This Amended and Restated Forward Purchase
Agreement (this “Agreement”) is entered into as of September 9, 2020, among Starboard Value Acquisition Corp.
a Delaware corporation (the “Company”), and each of the purchasers listed on the signature pages hereto (each
a “Purchaser”, and collectively, the “Purchasers”), and amends and restates in its entirety,
the Forward Purchase Agreement made as of August 17, 2020, by and between the Company and the Purchasers, for the sole purpose
to reflect the stock dividend declared and distributed to the Company’s Class B stockholders and the proposed sale of the
Public Units (as defined below).

 

Recitals

 

WHEREAS, the Company was formed for
the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses (a “Business Combination”);

 

WHEREAS, the Company has filed with
the U.S. Securities and Exchange Commission (the “SEC”) registration statements on Form S-1 (collectively, the
 “Registration Statement”) for its initial public offering (“IPO”) of 36,000,000 units (or
41,400,000 units if the IPO over-allotment option (the “IPO Option”) is exercised in full) (the “Public
Units”), at a price of $10.00 per Public Unit, each Public Unit comprised of one share of the Company’s Class A
common stock, par value $0.0001 per share (the “Class A Shares,” and the Class A Shares included in the Public
Units, the “Public Shares”), one-sixth of one redeemable warrant (the “Detachable Redeemable Warrants”)
and a contingent right to receive at least one-sixth of one redeemable warrant (as further described below) (the “Distributable
Redeemable Warrants” and, together with the Detachable Redeemable Warrants, the “Redeemable Warrants”)),
each whole Redeemable Warrant being exercisable to purchase one Class A Share at an exercise price of $11.50 per share;

 

WHEREAS, following the closing of
the IPO (the “IPO Closing”), the Company will seek to identify and consummate a Business Combination;

 

WHEREAS, in connection with the IPO,
SVAC Sponsor LLC will purchase an aggregate of 6,133,333 warrants (or 6,853,333 warrants if the IPO Option is exercised in full)
at a price of $1.50 per warrant, in a private placement that will close simultaneously with the IPO Closing (the “Private
Placement Warrants”), each Private Placement Warrant exercisable for one Class A Share at $11.50 per share;

 

WHEREAS, proceeds from the IPO and
the sale of the Private Placement Warrants in an aggregate amount equal to the gross proceeds from the IPO will be deposited into
a trust account for the benefit of the holders of the Public Shares (the “Trust Account”), as described in the
Registration Statement;

 

WHEREAS, the holders of Public Shares
(the “Public Stockholders”) have the right to redeem all or a portion of their Public Shares upon the completion of
the Business Combination equal to the amount then in the Trust Account, and the Company has a payment obligation in satisfaction
of any such exercised redemption rights (the “Redemption Obligation”), all as further described in the Registration
Statement;

 

     

     

    

 

WHEREAS, the Company’s
amended and restated certificate of incorporation (as it may be amended from time to time (the “Charter”))
will provide that at the time immediately prior to the closing of the Business Combination (the “Business
Combination Closing”), 6,000,000 warrants (or 6,900,000 warrants if the IPO Option is exercised in full) (the
 “Aggregate Warrant Amount”) will be distributed as follows: (a) to the extent that no Public Stockholders
redeem their Public Shares in connection with the Business Combination, the Aggregate Warrant Amount will be distributed to
the Public Stockholders as Distributable Redeemable Warrants pro rata and (b) to the extent that any Public Stockholders
redeem any of their Public Shares in connection with the Business Combination, then (i) one-sixth of one Distributable
Redeemable Warrant will be distributed per each non-redeeming Public Share (collectively, the “Remaining Public
Shares”) and (ii) the warrants in an amount equal to the Aggregate Warrant Amount less the number of warrants
distributed pursuant to clause (i) will be distributed on a pro rata basis to (A) the holders of the Remaining Public Shares
based on their percentage of Class A Shares held after redemptions and the issuance of any Forward Purchase Shares (as
defined below) as Distributable Redeemable Warrants and (B) the Purchasers based on their percentage of Class A Shares held
after redemptions and the issuance of any Forward Purchase Shares as Private Placement Warrants (the “Forward
Purchase Warrants”) (the aggregate amount of Forward Purchase Warrants to be distributed pursuant to this clause
(B), the “Aggregate Forward Purchase Warrants”); and

 

WHEREAS, the parties wish to enter
into this Agreement, pursuant to which immediately prior to the Business Combination Closing, the Company shall issue and sell
to the Purchasers, and the Purchasers shall, on a private placement basis, purchase from the Company the number of Forward Purchase
Shares (as defined below) determined pursuant to Section 1(a)(ii) and receive Forward Purchase Warrants (as consideration for providing
funding for the Redemption Obligation pursuant hereto), if any (the Forward Purchase Shares and the Forward Purchase Warrants collectively,
the “Forward Purchase Securities”), on the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

Agreement

 

1.                  
Sale and Purchase.

 

(a)               
Forward Purchase Shares and Forward Purchase Warrants.

 

(i)                
The Company shall issue and sell to the Purchasers, severally and not jointly, and the Purchasers shall purchase
from the Company, that number of Class A Shares (the “Forward Purchase Shares”) determined as set forth in Section
1(a)(ii), with the Forward Purchase Shares being allocated among the Purchasers as set forth on Schedule A.

 

(ii)              
The aggregate number of Forward Purchase Shares to be purchased by the Purchasers shall be equal to the quotient
of the lesser of (x) the aggregate amount necessary to satisfy the Redemption Obligations (the “Redemption Amount”)
and (y) $100,000,000, as numerator (such lesser amount, the “Forward Purchase Price”), and $9.50, as denominator.
No fractional Forward Purchase Shares shall be issued. In consideration for the Company’s issuance of the Forward Purchase
Shares and Forward Purchase Warrants, each Purchaser shall pay to the Company its portion of the Forward Purchase Price as determined
pursuant to Schedule A by wire transfer of U.S. dollars in immediately available funds on the terms and conditions set forth herein.

 

     

     

    

 

(iii)             The
Purchasers shall also receive Forward Purchase Warrants, with each Purchaser receiving its share of the Aggregate Forward
Purchase Warrants on a pro rata basis depending on the percentage of the number of Forward Purchase Shares to be acquired by
such Purchaser and as set forth on Schedule A. The Purchasers acknowledge and agree that they will not be entitled to
any Forward Purchase Warrants to the extent no Public Stockholder exercises its right to redeem its Public Shares in
connection with the Business Combination. The Forward Purchase Warrants shall have the terms set forth in a warrant agreement
to be entered into by the Company and a warrant agent in connection with the IPO (the “Warrant
Agreement”).

 

(iv)             
The Company shall require the Purchasers to purchase the Forward Purchase Shares by delivering notice to the Purchasers,
at least three (3) Business Days before the Business Combination Closing (or such lesser number of days as the Purchasers may consent
to in writing), specifying the number of Forward Purchase Shares the Purchasers are collectively required to purchase (as determined
in accordance with Section 1(a)(ii)), the number of Forward Purchase Warrants they are entitled to receive, if any, the date of
the Business Combination Closing and instructions for wiring the Forward Purchase Price (the “Company Notice”).
The closing of the sale of Forward Purchase Shares and issuance of the Forward Purchase Warrants, if any (the “Forward
Closing”), shall be held on the same date as and immediately prior to the Business Combination Closing (such date being
referred to as the “Forward Closing Date”). At least one (1) Business Day prior to the Forward Closing Date,
each Purchaser shall deliver to the Company, to be held in escrow until the Forward Closing, its portion of the Forward Purchase
Price for its portion of the Forward Purchase Shares (as set forth on Schedule A) by wire transfer of U.S. dollars in immediately
available funds to the account specified by the Company in the Company Notice. Immediately prior to the Forward Closing on the
Forward Closing Date, (a) the Forward Purchase Price shall be released from escrow automatically and without further action by
the Company or the Purchasers, and (b) upon such release, the Company shall (x) issue the Forward Purchase Shares and Forward Purchase
Warrants, if any, to each Purchaser, in the amounts set forth on Schedule A, in book-entry form, free and clear of any liens or
other restrictions whatsoever (other than those arising under state or federal securities laws), registered in the name of such
Purchaser (or its nominee in accordance with its delivery instructions), or to a custodian designated by such Purchaser, as applicable,
and (y) deliver each Purchaser a notice in accordance with Section 151(f) of the Delaware General Corporation Law (the “DGCL”)
regarding the issuance of such Forward Purchase Shares in book-entry form to such Purchaser containing the legend set forth below.
In the event the Business Combination Closing does not occur on the date scheduled for closing, the Forward Closing shall not occur
and the Company shall promptly (but not later than one (1) Business Day thereafter) return the Forward Purchase Price to the Purchasers,
provided that the return of the Forward Purchase Price shall not terminate this Agreement or otherwise relieve either party
of any of its obligations hereunder and the Company may provide a subsequent Company Notice pursuant to this Section 1(a)(iv).
For purposes of this Agreement, “Business Day” means any day, other than a Saturday or a Sunday, that is neither
a legal holiday nor a day on which banking institutions are generally authorized or required by law or regulation to close in the
City of New York, New York.

 

(b)               
Legends. (1) Each book entry for the Forward Purchase Shares and the securities issuable upon exercise of
the Forward Purchase Warrants shall contain a notation, each certificate (if any) evidencing the Forward Purchase Shares and the
securities issuable upon exercise of the Forward Purchase Warrants shall be stamped or otherwise imprinted with a legend, and each
notice given by the Company to any holder of any such Forward Purchase Shares or securities pursuant to Section 151(f) of the DGCL
shall contain a legend, in substantially the following form:

 

“THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE
OR OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS. THE SALE, PLEDGE, HYPOTHECATION, OR
TRANSFER OF THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN FORWARD PURCHASE AGREEMENT
BY AND AMONG THE HOLDER, THE OTHER PURCHASERS AND THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST
TO THE SECRETARY OF THE COMPANY.”

 

     

     

    

 

(2) Each book entry for the Forward Purchase Warrants shall
contain a notation, and each certificate (if any) evidencing the Forward Purchase Warrants shall be stamped or otherwise imprinted
with a legend, in substantially the following form:

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD,
TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES
LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER DESCRIBED IN
THE WARRANT AGREEMENT BY AND AMONG STARBOARD VALUE ACQUISITION CORP. (THE “COMPANY”) AND CONTINENTAL STOCK TRANSFER
 & TRUST COMPANY, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THIRTY
(30) DAYS AFTER THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN THE WARRANT AGREEMENT
REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED THE WARRANT AGREEMENT REFERRED TO HEREIN) WHO AGREES IN WRITING
WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.”

 

(c)               
Legend Removal. If the Forward Purchase Securities and the securities issuable upon exercise of the Forward
Purchase Warrants are eligible to be sold without restriction under, and without the Company being in compliance with the current
public information requirements of, Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”),
or there is an effective registration statement covering the resale of the Forward Purchase Securities and the securities issuable
upon exercise of the Forward Purchase Warrants (and any Purchaser provides the Company with a written undertaking to sell its Forward
Purchase Securities and the securities issuable upon exercise of the Forward Purchase Warrants only in accordance with the plan
of distribution contained in such registration statement and only if such Purchaser has not been informed that the prospectus in
such registration statement is not current or the registration statement is no longer effective), then at any Purchaser’s
request, the Company will cause the Company’s transfer agent to remove the legend set forth in Section 1(b). In connection
therewith, if required by the Company’s transfer agent, the Company will promptly cause an opinion of counsel to be delivered
to and maintained with its transfer agent, together with any other authorizations, certificates and directions required by the
transfer agent that authorize and direct the transfer agent to issue such Forward Purchase Securities and securities issuable upon
exercise of the Forward Purchase Warrants without any such legend; provided that, notwithstanding the foregoing, the Company
will not be required to deliver any such opinion, authorization, certificate or direction if it reasonably believes that removal
of the legend could result in or facilitate transfers of Forward Purchase Securities and securities issuable upon exercise of the
Forward Purchase Warrants in violation of applicable law.

 

2.                  
Representations and Warranties of the Purchasers. Each Purchaser represents and warrants, severally and not jointly,
to the Company as follows, as of the date hereof:

 

(a)               
Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the
laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted
and as proposed to be conducted.

 

     

     

    

 

(b)               
 Authorization. The Purchaser has full power and authority to enter into this Agreement. This Agreement, when
executed and delivered by the Purchaser, will constitute the valid and legally binding obligation of the Purchaser, enforceable
against the Purchaser in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance and any other laws of general application affecting enforcement of creditors’ rights generally,
(ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies, or
(iii) to the extent the indemnification provisions contained in the Registration Rights (as defined below) may be limited by applicable
federal or state securities laws.

 

(c)               
Governmental Consents and Filings. No consent, approval, order or authorization of, or registration, qualification,
designation, declaration or filing with, any federal, state or local governmental authority is required on the part of the Purchaser
in connection with the consummation of the transactions contemplated by this Agreement.

 

(d)               
Compliance with Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement
and the consummation by the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default
(i) of any provisions of its organizational documents, (ii) of any instrument, judgment, order, writ or decree to which it is a
party or by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv)
under any lease, agreement, contract or purchase order to which it is a party or by which it is bound or (v) of any provision of
federal or state statute, rule or regulation applicable to the Purchaser, in each case (other than clause (i)), which would have
a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement.

 

(e)               
Purchase Entirely for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s
representation to the Company, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that
the Forward Purchase Securities to be acquired by the Purchaser will be acquired for investment for each Purchaser’s own
account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof in violation of any state
or federal securities laws, and that the Purchaser has no present intention of selling, granting any participation in, or otherwise
distributing the same in violation of law. By executing this Agreement, the Purchaser further represents that the Purchaser does
not presently have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations
to such Person or to any third Person, with respect to any of the Forward Purchase Securities. For purposes of this Agreement,
 “Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a
trust, an unincorporated organization, any other entity or any government or any department or agency thereof.

 

(f)                
Disclosure of Information. The Purchaser has had an opportunity to discuss the Company’s business, management,
financial affairs and the terms and conditions of the offering of the Forward Purchase Securities, as well as the terms of the
Company’s proposed IPO, with the Company’s management.

 

     

     

    

 

(g)                Restricted
Securities. The Purchaser understands that the offer and sale of the Forward Purchase Securities and securities issuable
upon exercise of the Forward Purchase Warrants to the Purchaser has not been, and will not be, registered under the
Securities Act by reason of a specific exemption from the registration provisions of the Securities Act which depends upon,
among other things, the bona fide nature of the investment intent and the accuracy of the Purchaser’s representations
as expressed herein. The Purchaser understands that the Forward Purchase Securities and securities issuable upon exercise of
the Forward Purchase Warrants are “restricted securities” under applicable U.S. federal and state securities laws
and that, pursuant to these laws, the Purchaser must hold the Forward Purchase Securities and securities issuable upon
exercise of the Forward Purchase Warrants indefinitely unless they are registered with the SEC and qualified by state
authorities, or an exemption from such registration and qualification requirements is available. The Purchaser acknowledges
that the Company has no obligation to register or qualify the Forward Purchase Securities and securities issuable upon
exercise of the Forward Purchase Warrants for resale, except pursuant to the Registration
Rights. The Purchaser further acknowledges that if an exemption from registration or qualification is available, it may be
conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the
Forward Purchase Securities and securities issuable upon exercise of the Forward Purchase Warrants, and on requirements
relating to the Company which are outside of the Purchaser’s control, and which the Company is under no obligation and
may not be able to satisfy. The Purchaser understands that the offering to the Purchaser of the Forward Purchase Securities
and securities issuable upon exercise of the Forward Purchase Warrants is not and is not intended to be part of the IPO, and
that the Purchaser will not be able to rely on the protection of Section 11 of the Securities Act. The Purchaser understands
that Rule 144 adopted pursuant to the Securities Act will not be available for resale transactions prior to the Business
Combination and may not be available for resale transactions after the Business Combination. 

 

(h)               
No Public Market. The Purchaser understands that no public market now exists for the Forward Purchase Securities,
and that the Company has made no assurances that a public market will ever exist for the Forward Purchase Securities.

 

(i)                
High Degree of Risk. The Purchaser understands that its agreement to acquire the Forward Purchase Securities
involves a high degree of risk which could cause the Purchaser to lose all or part of its investment.

 

(j)                
Non-Public Information. The Purchaser acknowledges its obligations under applicable securities laws with respect
to the treatment of material non-public information relating to the Company.

 

(k)               
Accredited Investor. The Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D promulgated
under the Securities Act.

 

(l)                
No General Solicitation. Neither the Purchaser, nor, to its knowledge, any of its officers, directors, employees,
agents, stockholders or partners has either directly or indirectly, including, through a broker or finder (i) engaged in any general
solicitation, or (ii) published any advertisement in connection with the offer and sale of the Forward Purchase Securities.

 

(m)             
Residence. The Purchaser’s principal place of business is the office or offices located at the address
of the Purchaser set forth on the signature page hereof.

 

(n)               
Adequacy of Financing. The Purchaser has available to it sufficient funds to satisfy its obligations under
this Agreement.

 

(o)                No
Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in
this Section 2 and in any certificate or agreement delivered pursuant hereto, none of the Purchaser nor any Person acting on
behalf of the Purchaser nor any of the Purchaser’s affiliates (the “Purchaser Parties”) has made,
makes or shall be deemed to make any other express or implied representation or warranty with respect to the Purchaser and
this offering, and the Purchaser Parties disclaim any such representation or warranty. Each Purchaser hereby expressly
acknowledges and agrees (on their own behalf and on behalf of each other Purchaser Party) that, except for the specific
representations and warranties expressly made by the Company in Section 3 of this Agreement, no Purchaser Party is relying on
or has relied on any representations or warranties that may have been made by the Company, any Person on behalf of the
Company or any of the Company’s affiliates (collectively, the “Company Parties”) or any other Person
in connection with or regarding the Purchaser Parties’ entry into this Agreement or agreement to consummate the
transactions contemplated hereby, the Company, this offering, the proposed IPO or a potential Business Combination.

 

     

     

    

 

3.                  
Representations and Warranties of the Company. The Company represents and warrants to the Purchasers as follows:

 

(a)               
Incorporation and Corporate Power. The Company is duly incorporated and validly existing and in good standing
as a corporation under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business
as presently conducted and as proposed to be conducted. The Company has no subsidiaries.

 

(b)               
Capitalization. As of the date of this Agreement, the authorized share capital of the Company consists of:

 

(i)                
200,000,000 Class A Shares, none of which are issued and outstanding.

 

(ii)              
20,000,000 Class B common stock, par value $0.0001 per share (the “Class B Shares”), 10,350,000
of which are issued and outstanding, and 1,350,000 of which are subject to forfeiture depending on the extent to which the IPO
over-allotment option is exercised. All of the outstanding Class B Shares have been duly authorized, are fully paid and nonassessable
and were issued in compliance with all applicable federal and state securities laws.

 

(iii)            
1,000,000 preferred shares, none of which are issued and outstanding.

 

(c)               
Authorization. All corporate action required to be taken by the Company’s Board of Directors and stockholders
in order to authorize the Company to enter into this Agreement, and to issue the Forward Purchase Securities at the Forward Closing,
and the securities issuable upon exercise of the Forward Purchase Warrants, has been taken or will be taken prior to the Forward
Closing. All action on the part of the stockholders, directors and officers of the Company necessary for the execution and delivery
of this Agreement, the performance of all obligations of the Company under this Agreement to be performed as of the Forward Closing,
and the issuance and delivery of the Forward Purchase Securities and the securities issuable upon exercise of the Forward Purchase
Warrants has been taken or will be taken prior to the Forward Closing. This Agreement, when executed and delivered by the Company,
shall constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its
terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws
of general application relating to or affecting the enforcement of creditors’ rights generally, (ii) as limited by laws relating
to the availability of specific performance, injunctive relief, or other equitable remedies, or (iii) to the extent the indemnification
provisions contained in the Registration Rights may be limited by applicable federal or state securities laws.

 

(d)                Valid
Issuance of Forward Purchase Securities. The Forward Purchase Securities, when issued, sold and delivered in accordance
with the terms and for the consideration set forth in this Agreement and the Warrant Agreement, and the securities issuable
upon exercise of the Forward Purchase Warrants, when issued in accordance with the terms of the Forward Purchase Warrants and
this Agreement, will be validly issued, fully paid and nonassessable, and free of all preemptive or similar rights, taxes,
liens, encumbrances and charges with respect to the issue thereof and restrictions on transfer other than restrictions on
transfer specified under this Agreement, applicable state and federal securities laws and liens or encumbrances created by or
imposed by the Purchasers. Assuming the accuracy of the representations of each Purchaser in this Agreement and subject to
the filings described in Section 3(e) below, the Forward Purchase Securities will be issued in compliance with all applicable
federal and state securities laws.

 

     

     

    

 

(e)               
Governmental Consents and Filings. Assuming the accuracy of the representations and warranties made by each
Purchaser in this Agreement, no consent, approval, order or authorization of, or registration, qualification, designation, declaration
or filing with, any federal, state or local governmental authority is required on the part of the Company in connection with the
consummation of the transactions contemplated by this Agreement, except for filings pursuant to applicable state securities laws,
if any, and pursuant to the Registration Rights.

 

(f)                
Compliance with Other Instruments. The execution, delivery and performance by the Company of this Agreement
and the consummation by the Company of the transactions contemplated by this Agreement will not result in any violation or default
(i) of any provisions of the Charter or bylaws of the Company, (ii) of any instrument, judgment, order, writ or decree to which
the Company is a party or by which it is bound, (iii) under any note, indenture or mortgage to which the Company is a party or
by which it is bound, (iv) under any lease, agreement, contract or purchase order to which the Company is a party or by which it
is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the Company, in each case (other
than clause (i)) which would have a material adverse effect on the Company or its ability to consummate the transactions contemplated
by this Agreement.

 

(g)               
Operations. As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company
will not conduct, any operations other than organizational activities and activities in connection with offerings of its securities.

 

(h)               
No General Solicitation. Neither the Company, nor any of its officers, directors, employees, agents or stockholders
has either directly or indirectly, including, through a broker or finder (i) engaged in any general solicitation, or (ii) published
any advertisement in connection with the offer and sale of the Forward Purchase Securities.

 

(i)                
No Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties
contained in this Section 3 and in any certificate or agreement delivered pursuant hereto, none of the Company Parties has made,
makes or shall be deemed to make any other express or implied representation or warranty with respect to the Company, this offering,
the proposed IPO or a potential Business Combination, and the Company Parties disclaim any such representation or warranty. Except
for the specific representations and warranties expressly made by the Purchasers in Section 2 of this Agreement and in any certificate
or agreement delivered pursuant hereto, the Company Parties specifically disclaim that they are relying upon any other representations
or warranties that may have been made by the Purchaser Parties.

 

4.                  
Registration Rights; Transfer 

 

(a)               
Registration. The Company agrees that each Purchaser shall have the registration rights set forth on Exhibit
A (the “Registration Rights”).

 

     

     

    

 

(b)               
Indemnification.

 

(i)                 The
Company shall, notwithstanding any termination of this Agreement, indemnify, defend and hold harmless the Purchasers (to the
extent a seller under the Forward Registration Statement (as defined below)), the officers, directors, agents, partners,
members, managers, stockholders, affiliates, employees and investment advisers of the Purchasers, each Person who controls
any Purchaser (within the meaning of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”)), and the officers, directors, partners,
members, managers, stockholders, agents, affiliates, employees and investment advisers of each such controlling Person, to
the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs
(including, without limitation, reasonable costs of preparation and investigation and reasonable attorneys’ fees) and
expenses (collectively, “Losses”), as incurred, that arise out of or are based upon (i) any untrue or
alleged untrue statement of a material fact contained in the Forward Registration Statement, any prospectus included in the
Forward Registration Statement or any form of prospectus or in any amendment or supplement thereto or in any preliminary
prospectus, or arising out of or relating to any omission or alleged omission to state a material fact required to be stated
therein or necessary to make the statements therein (in the case of any prospectus or form of prospectus or supplement
thereto, in light of the circumstances under which they were made) not misleading, or (ii) any violation or alleged violation
by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation thereunder, in
connection with the performance of its obligations under this Section 4, except to the extent, but only to the extent, that
such untrue statements, alleged untrue statements, omissions or alleged omissions are based solely upon information regarding
the Purchasers furnished in writing to the Company by the Purchasers expressly for use therein. The Company shall notify the
Purchasers promptly of the institution, threat or assertion of any proceeding arising from or in connection with the
transactions contemplated by this Section 4 of which the Company is aware. Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of an indemnified party and shall survive the transfer of the
Registrable Securities (as defined below) by the Company.

 

(ii)              
Each Purchaser shall, severally and not jointly with any other selling stockholder named in the Forward Registration
Statement, indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person who controls the
Company (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers,
agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and against all Losses,
as incurred, arising out of or that are based upon any untrue or alleged untrue statement of a material fact contained in the Forward
Registration Statement, any prospectus included in the Forward Registration Statement, or any form of prospectus, or in any amendment
or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a
material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus, or any
form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading to the extent,
but only to the extent, that such untrue statements or omissions are based solely upon information regarding such Purchaser furnished
in writing to the Company by such Purchaser expressly for use therein. In no event shall the liability of any Purchaser be greater
in amount than the dollar amount of the net proceeds received by such Purchaser upon the sale of the Registrable Securities giving
rise to such indemnification obligation.

 

(c)               
Transfer. This Agreement and all of the Purchasers’ rights and obligations hereunder (including each
Purchaser’s obligation to purchase the Forward Purchase Shares) may be transferred or assigned, at any time and from time
to time, to one or more affiliates or third parties (each such transferee, a “Transferee”), subject to prior
written consent of the Company. Notwithstanding the foregoing, any Purchaser transferring its rights and obligations hereunder
shall remain bound by the obligations set forth in Section 5(b) and Section 5(c) following any such transfer. Upon any such assignment:

 

(i)                 the
applicable Transferee shall execute a signature page to this Agreement, substantially in the form of Schedule B hereto (the
 “Transferee Joinder”), which shall reflect the number of Forward Purchase Shares to be purchased by such
Transferee (the “Transferee Securities”), and, upon such execution, such Transferee shall have all the
same rights and obligations of the Purchasers hereunder with respect to the Transferee Securities, including the right to
receive the applicable number of Forward Purchase Warrants, if any, and references herein to the “Purchasers”
shall be deemed to refer to and include any such Transferee with respect to such Transferee and to its Transferee Securities; provided,
that any representations, warranties, covenants and agreements of each Purchaser and any such Transferee shall be several and
not joint and shall be made as to each Purchaser or any such Transferee, as applicable, as to itself only; and 

 

     

     

    

 

 

(ii)              
upon a Transferee’s execution and delivery of a Transferee Joinder, the number of Forward Purchase Shares to
be purchased by the transferring Purchaser hereunder shall be reduced by the total number of Forward Purchase Shares to be purchased
by the applicable Transferee pursuant to the applicable Transferee Joinder, which reduction shall be evidenced by such Purchaser
and the Company amending Schedule C to this Agreement to reflect each transfer and updating the “Number of Forward Purchase
Shares” and “Aggregate Purchase Price for Forward Purchase Shares” on such Purchaser’s signature page hereto
to reflect such reduced number of Forward Purchase Shares, and such transferring Purchaser shall be fully and unconditionally released
from its obligation to purchase such Transferee Securities hereunder and shall lose its rights to receive the corresponding number
of Forward Purchase Warrants. For the avoidance of doubt, this Agreement need not be amended and restated in its entirety, but
only Schedule C and such Purchaser’s signature page hereto need be so amended and updated and executed by such Purchaser
and the Company upon the occurrence of any such transfer of Transferee Securities.

 

5.                  
Additional Agreements and Acknowledgements of the Purchasers.

 

(a)               
Trust Account.

 

(i)                
Each Purchaser hereby acknowledges that it is aware that the Company will establish the Trust Account for the benefit
of its public stockholders upon the IPO Closing. Each Purchaser, for itself and its affiliates, hereby agrees that it has no right,
title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result
of any liquidation of the Company, except for redemption and liquidation rights, if any, such Purchaser may have in respect of
any Public Shares held by it.

 

(ii)              
Each Purchaser hereby agrees that it shall have no right of set-off or any right, title, interest or claim of any
kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to
any monies in, the Trust Account that it may have now or in the future, except for redemption and liquidation rights, if any, such
Purchaser may have in respect of any Public Shares held by it. In the event any Purchaser has any Claim against the Company under
this Agreement, such Purchaser shall pursue such Claim solely against the Company and its assets outside the Trust Account and
not against the property or any monies in the Trust Account, except for redemption and liquidation rights, if any, such Purchaser
may have in respect of any Public Shares held by it.

 

(b)               
Voting. Each Purchaser hereby agrees (i) that if the Company seeks stockholder approval of a proposed Business
Combination, then in connection with such proposed Business Combination, such Purchaser shall vote any Class A Shares owned by
it in favor of any proposed Business Combination and (ii) to vote any Class A Shares owned by it in favor of any amendment to the
Charter to (A) modify the substance or timing of the Company’s obligation to provide holders of the Class A Shares the right
to have their Class A Shares redeemed or to redeem 100% of the Public Shares if the Company does not complete its initial Business
Combination with 24 months from the IPO Closing or (B) with respect to any other material provision relating to stockholders’
rights or pre-initial Business Combination activity.

 

(c)               
No Redemptions. Each Purchaser agrees not to redeem any Class A Shares owned by it in connection with the
Business Combination.

 

     

     

    

 

(d)               
 No Short Sales. Each Purchaser hereby agrees that neither it, nor any Person acting on its behalf or pursuant
to any understanding with it, will engage in any Short Sales with respect to securities of the Company prior to the Business Combination
Closing. For purposes of this Section, “Short Sales” shall include, without limitation, all “short
sales” as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and all types of direct and indirect
stock pledges (other than pledges in the ordinary course of business as part of prime brokerage arrangements), forward sale contracts,
options, puts, calls, swaps and similar arrangements (including on a total return basis), and sales and other transactions through
non-U.S. broker dealers or foreign regulated brokers.

 

6.                  
Listing. The Company will use commercially reasonable efforts to effect and maintain the listing of the Class A Shares
and Redeemable Warrants on the Nasdaq Stock Market LLC (or another national securities exchange).

 

7.                  
Forward Closing Conditions.

 

(a)               
The obligation of the Purchasers to purchase the Forward Purchase Shares at the Forward Closing under this Agreement
shall be subject to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the
extent permitted by applicable laws, may be waived by the Purchasers:

 

(i)                
The Business Combination shall be consummated substantially concurrently with the purchase of the Forward Purchase
Shares;

 

(ii)              
The Company shall have entered into the Warrant Agreement;

 

(iii)            
The representations and warranties of the Company set forth in Section 3 of this Agreement shall have been true and
correct as of the date hereof and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect
as though such representations and warranties had been made on and as of such date (other than any such representation or warranty
that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except where the
failure to be so true and correct would not have a material adverse effect on the Company or its ability to consummate the transactions
contemplated by this Agreement;

 

(iv)             
The Company shall have performed, satisfied and complied in all material respects with the covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Forward
Closing;

 

(v)               
No order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental,
regulatory, or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or
prohibition shall be in effect, preventing the purchase by the Purchasers of the Forward Purchase Shares or the issuance of the
Forward Purchase Warrants to the Purchasers; and

 

(vi)             
The Company shall have delivered to the Purchasers a certificate evidencing the Company’s good standing as
a Delaware corporation.

 

(b)               
The obligation of the Company to sell the Forward Purchase Shares and issue the Forward Purchase Warrants, if any,
at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of
the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Company:

 

     

     

    

 

(i)                
 The Business Combination shall be consummated substantially concurrently with the purchase of the Forward Purchase
Shares;

 

(ii)              
The representations and warranties of the Purchasers set forth in Section 2 of this Agreement shall have been true
and correct as of the date hereof and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect
as though such representations and warranties had been made on and as of such date (other than any such representation or warranty
that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except where the
failure to be so true and correct would not have a material adverse effect on the Purchasers or their ability to consummate the
transactions contemplated by this Agreement;

 

(iii)            
The Purchasers shall have performed, satisfied and complied in all material respects with the covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied with by the Purchasers at or prior to the Forward
Closing; and

 

(iv)             
No order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental,
regulatory, or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or
prohibition shall be in effect, preventing the purchase by the Purchasers of the Forward Purchase Shares or the issuance of the
Forward Purchase Warrants to the Purchasers.

 

8.                  
Termination. This Agreement may be terminated at any time prior to the Forward Closing:

 

(a)               
by mutual written consent of the Company and the Purchasers;

 

(b)               
automatically:

 

(i)                
if the IPO is not consummated on or prior to February 15, 2021; or

 

(ii)              
if the Business Combination is not consummated within twenty-four (24) months from the IPO Closing or such later
period approved by the Company’s stockholders in accordance with the Charter.

 

In the event of any termination of this
Agreement pursuant to this Section 8, the Forward Purchase Price (and interest thereon, if any), if previously paid, and each Purchaser’s
funds paid in connection herewith shall be promptly returned to such Purchaser, and thereafter this Agreement shall forthwith become
null and void and have no effect, without any liability on the part of the Purchasers or the Company and their respective directors,
officers, employees, partners, managers, members, or stockholders and all rights and obligations of each party shall cease; provided,
however, that nothing contained in this Section 8 shall relieve any party from liabilities or damages arising out of any fraud
or willful breach by such party of any of its representations, warranties, covenants or agreements contained in this Agreement.

 

     

     

    

 

9.                  
General Provisions.

 

(a)                Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed
effectively given upon the earlier of actual receipt, or (a) personal delivery to the party to be notified, (b) when sent, if
sent by electronic mail during normal business hours of the recipient, and if not sent during normal business hours, then on
the recipient’s next Business Day, (c) five (5) Business Days after having been sent by registered or certified mail,
return receipt requested, postage prepaid, or (d) one (1) Business Day after deposit with a nationally recognized overnight
courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. All communications
sent to the Company shall be sent to: Starboard Value Acquisition Corp., 777 Third Avenue, 18th Floor, New York,
NY 10017, Attention: Martin McNulty, email: mmcnulty@starboardvalue.com, with a copy to the Company’s
counsel at Akin Gump Strauss Hauer & Feld LLP, One Bryant Park, New York, New York, 10036, Attention: Alice Hsu, email:
ahsu@akingump.com.

 

All communications to the Purchasers shall
be sent to the Purchasers’ address as set forth on the signature page hereof, or to such e-mail address or address as subsequently
modified by written notice given in accordance with this Section 9(a).

 

(b)               
No Finder’s Fees. Each party represents that it neither is nor will be obligated for any finder’s
fee or commission in connection with this transaction. Each Purchaser agrees to indemnify and to hold harmless the Company from
any liability for any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction
(and the costs and expenses of defending against such liability or asserted liability) for which such Purchaser or any of its officers,
employees or representatives is responsible. The Company agrees to indemnify and hold harmless the applicable Purchaser from any
liability for any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction
(and the costs and expenses of defending against such liability or asserted liability) for which the Company or any of its officers,
employees or representatives is responsible.

 

(c)               
Survival of Representations and Warranties. All of the representations and warranties contained herein shall
survive the Forward Closing for a period of three (3) years.

 

(d)               
Entire Agreement. This Agreement, together with any documents, instruments and writings that are delivered
pursuant hereto or referenced herein, constitutes the entire agreement and understanding of the parties hereto in respect of its
subject matter and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written
or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby.

 

(e)               
Successors. All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement
are binding upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing
in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors
and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided
in this Agreement.

 

(f)                
Assignments. Except as otherwise specifically provided herein, no party hereto may assign either this Agreement
or any of its rights, interests, or obligations hereunder without the prior written approval of the other parties.

 

(g)               
Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an
original but all of which together will constitute one and the same instrument.

 

(h)               
Headings. The section headings contained in this Agreement are inserted for convenience only and will not
affect in any way the meaning or interpretation of this Agreement.

 

(i)                 Governing
Law. This Agreement, the entire relationship of the parties hereto, and any litigation between the parties (whether
grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted
pursuant to the laws of the State of New York, without giving effect to its choice of laws principles.

 

     

     

    

 

(j)                
Jurisdiction. The parties (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state
courts of New York and to the jurisdiction of the United States District Court for the Southern District of New York for the purpose
of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action
or other proceeding arising out of or based upon this Agreement except in state courts of New York or the United States District
Court for the Southern District of New York, and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or
otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named
courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an
inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof
may not be enforced in or by such court.

 

(k)               
Waiver of Jury Trial. The parties hereto hereby waive any right to a jury trial in connection with any litigation
pursuant to this Agreement and the transactions contemplated hereby.

 

(l)                
Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except with
the prior written consent of the Company and the Purchasers.

 

(m)             
Severability. The provisions of this Agreement will be deemed severable and the invalidity or unenforceability
of any provision will not affect the validity or enforceability of the other provisions hereof; provided that if any provision
of this Agreement, as applied to any party hereto or to any circumstance, is adjudged by a governmental authority, arbitrator,
or mediator not to be enforceable in accordance with its terms, the parties hereto agree that the governmental authority, arbitrator,
or mediator making such determination will have the power to modify the provision in a manner consistent with its objectives such
that it is enforceable, and/or to delete specific words or phrases, and in its reduced form, such provision will then be enforceable
and will be enforced.

 

(n)               
Expenses. Each of the Company and the Purchasers will bear its own costs and expenses incurred in connection
with the preparation, execution and performance of this Agreement and the consummation of the transactions contemplated hereby,
including all fees and expenses of agents, representatives, financial advisors, legal counsel and accountants. The Company shall
be responsible for the fees of its transfer agent, stamp taxes and all The Depository Trust Company fees associated with the issuance
of the Forward Purchase Shares.

 

     

     

    

 

(o)                Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question
of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no
presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision
of this Agreement. Any reference to any federal, state, local, or foreign law will be deemed also to refer to law as amended
and all rules and regulations promulgated thereunder, unless the context requires otherwise. The words
 “include,” “includes,” and “including” will be deemed to be followed
by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include
any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context
otherwise requires. The words “this Agreement,” “herein,” “hereof,”
 “hereby,” “hereunder,” and words of similar import refer to this Agreement as a whole
and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation,
warranty, and covenant contained herein will have independent significance. If any party hereto has breached any
representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation,
warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party
hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first
representation, warranty, or covenant.

 

(p)               
Waiver. No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant
hereunder, whether intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach
of warranty or covenant hereunder or affect in any way any rights arising because of any prior or subsequent occurrence.

 

(q)               
Specific Performance. Each Purchaser agrees that irreparable damage may occur in the event any provision of
this Agreement was not performed by such Purchaser in accordance with the terms hereof and that the Company shall be entitled to
seek specific performance of the terms hereof, in addition to any other remedy at law or equity.

 

(r)                
Confidentiality. Except as may be required by law, regulation or applicable stock exchange listing requirements,
unless and until the transactions contemplated hereby and the terms hereof are publicly announced or otherwise publicly disclosed
by the Company, the parties hereto shall keep confidential and shall not publicly disclose the existence or terms of this Agreement.

 

     

     

    

 

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement to be effective
as of the date first set forth above.  

 

	 	 
	PURCHASERS:	 
	 	 
	STARBOARD VALUE AND OPPORTUNITY
    MASTER FUND LTD	 
	 	 
	By: Starboard Value LP, its
    investment manager	 
		 
	By:	/s/ Kenneth R. Marlin	 
	 	Name: Kenneth R. Marlin	 
	 	Title: Authorized Signatory	 

  

	Address for Notices:	777
Third Avenue, 18th Floor,
  New York, New York 10017  	 

 

	STARBOARD VALUE AND OPPORTUNITY S
LLC	 
	 	 
	By: Starboard Value LP, its manager	 
	 	 
	By:	/s/ Kenneth
R. Marlin  	 
	 	Name:
Kenneth R. Marlin	 
	 	Title:
Authorized Signatory	 

 

	Address for Notices:	777 Third Avenue, 18th
Floor,
 New York, New York 10017  	 

 

	STARBOARD VALUE LP, in its capacity as the investment manager of a certain managed account  	 
	 	 
	By: Starboard Value GP LLC, its general partner	 
	 	 	 
	By:	/s/ Kenneth R. Marlin  	 
	 	Name: Kenneth R. Marlin	 
	 	Title: Authorized Signatory	 

 

	Address for Notices:	777 Third Avenue, 18th Floor,
 New York, New York 10017	 

 

[Signature Page
to A&R Forward Purchase Agreement]

 

     

     

    

 

	STARBOARD VALUE AND OPPORTUNITY C LP  	 
	 	 
	By: Starboard Value R LP, its general partner	 
	 	 
	By:	/s/ Kenneth R. Marlin	 
	 	Name: Kenneth R. Marlin	 
	 	Title: Authorized Signatory	 

 

	Address
    for Notices:	
        777 Third Avenue, 18th Floor,

        New York, New York 10017
	 

 

	STARBOARD
VALUE AND OPPORTUNITY MASTER FUND L LP  	 
	 	 
	By:
Starboard Value L LP, its general partner	 
	 	 	 
	By:	/s/
Kenneth R. Marlin  	 
	 	Name:
Kenneth R. Marlin	 
	 	Title:
Authorized Signatory	 

 

	Address for Notices:	777 Third Avenue,

                                                                       18th
                                         Floor, New York, New York 10017  
	 

 

	STARBOARD X MASTER FUND LTD  	 
	 	 
	By: Starboard Value LP, its investment manager	 
	 	 	 
	By:	/s/ Kenneth R. Marlin  	 
	 	Name: Kenneth R. Marlin	 
	 	Title: Authorized Signatory	 

 

	Address
for Notices:	777
                                         Third Avenue, 18th Floor,

                                                                       New
                                         York, New York 10017  
	 

 

	COMPANY:	 
	 	 	 
	STARBOARD VALUE ACQUISITION CORP.	 
	 	 	 
	By:	
        /s/ Martin D. McNulty,
Jr.
	 
	 	Name: Martin D. McNulty, Jr. 	 
	 	Title: Chief Executive Officer	 

 

[Signature Page to A&R Forward
Purchase Agreement]

 

     

     

    

 

SCHEDULE A

ALLOCATION

 

	Purchaser	 	Percentage of the number of

 Forward Purchase Shares to be

 acquired	 
	Starboard Value and 

Opportunity Master Fund Ltd	 	 	57.4	%
	Starboard Value and 

Opportunity S LLC	 	 	9.9	%
	Starboard Value LP, in its

 capacity as the investment 

manager of a certain managed 

account	 	 	16.9	%
	Starboard Value and 

Opportunity C LP	 	 	5.9	%
	Starboard Value and 

Opportunity Master Fund L LP	 	 	4.6	%
	Starboard X Master Fund Ltd	 	 	5.3	%

 

     

     

    

 

SCHEDULE B

TRANSFEREE JOINDER

 

	Number of Forward Purchase Shares	 
	 	 
	Purchase Price for Forward Purchase Shares	$_______

 

TO BE EXECUTED UPON ANY ASSIGNMENT
IN ACCORDANCE WITH THIS AGREEMENT OF “NUMBER OF FORWARD PURCHASE SHARES” AND “PURCHASE PRICE FOR FORWARD PURCHASE
SHARES” SET FORTH ABOVE:

 

Number of Forward Purchase Shares and Purchase Price for Forward
Purchase Shares as of         , 20[ ], accepted and agreed to as of this day of                   , 20[ ].

 

	TRANSFEREE:	 
	 	 
	[ ]	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

	COMPANY:	 
	 	 
	Starboard
Value Acquisition Corp.	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

SCHEDULE C

SCHEDULE OF TRANSFERS OF FORWARD PURCHASE
SHARES

 

The following transfers of a portion of the original number
of Forward Purchase Shares have been made:

 

	Date of
 Transfer	 	Transferee	 	Number of
 Forward
 Purchase
 Shares
 Transferred	 	Purchaser
 Revised
 Forward
 Purchase
 Share
 Amount
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

TO BE EXECUTED UPON ANY ASSIGNMENT
OR FINAL DETERMINATION OF FORWARD PURCHASE SHARES:

 

Schedule C as of          , 20[ ], accepted and agreed to as of this
day of          , 20[ ] by:

 

	[          ]	STARBOARD VALUE ACQUISITION CORP.

 

	By:	 	By:	 
	 	Name:	 	Name:
	 	Title:	 	Title:

 

     

     

    

 

EXHIBIT A

REGISTRATION RIGHTS

 

1. Within thirty (30) days after the Business
Combination Closing, the Company shall use commercially reasonable efforts (i) to file a registration statement on Form S-3 for
a secondary offering (including any successor registration statement covering the resale of the Registrable Securities a “Forward
Registration Statement”) of (x) the Forward Purchase Shares, (y) the Forward Purchase Warrants (including any Class A
Shares issued or issuable upon the exercise of any such Forward Purchase Warrants) and (z) any other equity security of the Company
issued or issuable with respect to the securities referred to in clause (x) by way of a stock dividend or stock split or in connection
with a combination of shares, recapitalization, merger, consolidation or reorganization (collectively, the “Registrable
Securities”) pursuant to Rule 415 under the Securities Act; provided that if Form S-3 is unavailable for such
a registration, the Company shall register the resale of the Registrable Securities on another appropriate form and undertake to
register the Registrable Securities on Form S-3 as soon as such form is available, (ii) to cause the Forward Registration Statement
to be declared effective under the Securities Act promptly thereafter, but in no event later than sixty (60) days thereafter, and
(iii) to maintain the effectiveness of such Forward Registration Statement with respect to each Purchaser’s Registrable Securities
until the earlier of (A) the date on which such Purchaser ceases to hold Registrable Securities covered by such Forward Registration
Statement and (B) the date all of such Purchaser’s Registrable Securities covered by the Forward Registration Statement can
be sold publicly without restriction or limitation under Rule 144 under the Securities Act and without the requirement to be in
compliance with Rule 144(c)(1) under the Securities Act.

 

2. In the event the Company is prohibited
by applicable rule, regulation or interpretation by the staff (“Staff”) of the SEC from registering all of the
Registrable Securities on a Forward Registration Statement or the Staff requires that any Purchaser be specifically identified
as an “underwriter” in order to permit such registration statement to become effective, and such Purchaser does not
consent in writing to being so named as an underwriter in such registration statement, the number of Registrable Securities to
be registered on such Forward Registration Statement will be reduced on a pro rata basis among all the holders of Registrable Securities
to be so included, unless otherwise required by the Staff, so that the number of Registrable Securities to be registered is permitted
by the Staff and such Purchaser is not required to be named as an “underwriter”; provided, that any Registrable
Securities not registered due to this paragraph 2 of this Exhibit A shall thereafter as soon as allowed by the SEC guidance be
registered to the extent the prohibition no longer is applicable.

 

3. If at any time the Company proposes
to file a registration statement (a “Registration Statement”) on its own behalf, or on behalf of any other
Persons who have registration rights (“Other Holders”), relating to an underwritten offering of shares of
common stock, or engage in an Underwritten Shelf Takedown (as defined below) off an existing registration statement (a
 “Company Offering”), then the Company will provide each Purchaser and its Transferee (collectively, the
 “Piggyback Holders”) with notice in writing (an “Offer Notice”) at least five (5)
Business Days prior to such filing, which Offer Notice will offer to include in the Registration Statement Registrable
Securities of each Purchaser (collectively “Piggyback Securities”). Within five (5) Business Days (or, in
the case of an Offer Notice delivered to the Piggyback Holders in connection with an Underwritten Shelf Takedown, within
three (3) Business Days) after receiving the Offer Notice, the Piggyback Holders may make a written request (a
 “Piggyback Request”) to the Company to include some or all of the Piggyback Holders’ Registrable
Securities in the Registration Statement. If the underwriter(s) for any Company Offering advise the Company that marketing
factors require a limitation on the number of securities that may be included in the Company Offering: (A) if the
Registration Statement relating to the Company Offering is to be filed on behalf of the Company then the number of securities
to be so included shall be allocated as follows (i) first, to the Company; and (ii) second, to the Piggyback Holders and
holders of Class A Shares or other equity securities of the Company or other Persons that the Company is obligated to
register in a Registration pursuant to separate written contractual arrangements with such Persons (pro rata based on the
respective number of Registrable Securities held by such Person prior to the applicable Company Offering); and (B) if the
Registration Statement relating to the Company Offering is to be filed on behalf of Other Holders then the number of
securities to be so included shall be allocated as follows: (i) first to such Other Holders; (ii) second, to the Piggyback
Holders and holders of Class A Shares or other equity securities of the Company other Persons that the Company is obligated
to register in a registration effected in compliance with the requirements of the Securities Act, pursuant to separate
written contractual arrangements with such Persons (pro rata based on the respective number of Registrable Securities held by
such Person prior to the applicable Company Offering); and (iii) third, to the Company. Notwithstanding anything to the
contrary in this paragraph 3, the Company hereby agrees that it will not provide an Offer Notice to any Piggyback Holder
unless such Piggyback Holder agrees in writing to treat the contents of such Offer Notice as material non-public
information.

 

     

     

    

 

4. At any time during which the Company
has an effective Forward Registration Statement with respect to any Purchaser’s Registrable Securities, any such Purchaser
may make a written request (which request shall specify the intended method of disposition thereof) (a “Shelf Takedown
Request”) to the Company to effect a sale, of all or a portion of the Purchaser’s Registrable Securities that are
covered by the Forward Registration Statement, and the Company shall use commercially reasonable efforts to file, to the extent
required by applicable law or regulation, a prospectus supplement (a “Shelf Takedown Prospectus Supplement”)
for such purpose as soon as reasonably practicable following receipt of a Shelf Takedown Request. Such Purchaser may request that
any such sale be conducted as an underwritten public offering (an “Underwritten Shelf Takedown”). The Company
shall not be obligated to effect more than four Underwritten Shelf Takedowns.

 

5. The determination of whether any offering
of Registrable Securities pursuant to a Forward Registration Statement or a Shelf Takedown Prospectus Supplement will be an underwritten
offering shall be made in the sole discretion of the Purchasers, after consultation with the Company, and the Purchasers shall
have the right, after consultation with the Company, to determine the plan of distribution, including the price at which the Registrable
Securities are to be sold and the underwriting commissions, discounts and fees (and the Piggyback Holders or Requesting Holders
(as applicable) shall not have the right to make any determinations other than whether it wishes to include its Requesting Holder
Securities in the prospectus supplement). The Purchasers shall select the investment banker or bankers and managers to administer
the offering, including the lead managing underwriter (provided that such investment banker or bankers and managers shall
be reasonably satisfactory to the Company).

 

6. In connection with any underwritten offering,
the Company shall enter into such customary agreements and take all such other actions in connection therewith (including those
requested by the Purchasers) in order to facilitate the disposition of such Registrable Securities as are reasonably necessary
or required, and in such connection enter into a customary underwriting agreement that provides for customary opinions, comfort
letters and officer’s certificates and other customary deliverables.

 

7. The Company shall pay all fees and
expenses incident to the performance of or compliance with its obligation to prepare, file and maintain each Forward
Registration Statement (including the fees of its counsel and accountants). The Company shall also pay all Registration
Expenses. For purposes of this paragraph 7, “Registration Expenses” shall mean the out-of-pocket expenses
of a Company Offering or Underwritten Shelf Takedown, including, without limitation, the following: (i) all registration and
filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority) and
any securities exchange on which the Registrable Securities are then listed; (ii) fees and expenses of compliance with
securities or blue sky laws (including reasonable fees and disbursements of one counsel for the underwriters in connection
with blue sky qualifications of the Registrable Securities); (iii) printing, messenger, telephone and delivery expenses; (iv)
reasonable fees and disbursements of counsel for the Company; (v) reasonable fees and disbursements of all independent
registered public accountants of the Company incurred specifically in connection with such Underwritten Shelf Takedown; and
(vi) reasonable fees and expenses of one legal counsel selected by the Purchasers who will represent all the selling
shareholders, and who may also serve as counsel to the Purchasers or the Company or both.

 

    Exhibit A-2

     

    

 

8. The Company may suspend the use of a
prospectus included in a Forward Registration Statement by furnishing to the Purchasers a written notice (“Suspension
Notice”) stating that in the good faith judgment of the Company, it would be either (i) prohibited by the Company’s
insider trading policy (as if the Purchaser were covered by such policy) or (ii) materially detrimental to the Company and its
stockholders for such prospectus to be used at such time. The Company’s right to suspend the use of such prospectus under
clause (ii) of the preceding sentence may be exercised for a period of not more than sixty (60) days after the date of such notice
to the Purchasers; provided such period may be extended for an additional thirty (30) days with the consent of a majority-in-interest
of the holders of Registrable Securities covered by such Forward Registration Statement, which consent shall not be unreasonably
withheld; provided further, that such right to suspend the use of a prospectus shall be exercised by the Company not more
than once in any twelve (12) month period. A holder of Registrable Securities shall not effect any sales of Registrable Securities
pursuant to a Forward Registration Statement at any time after it has received a Suspension Notice from the Company and prior to
receipt of an End of Suspension Notice (as defined below). The holders may recommence effecting sales of the Registrable Securities
pursuant to such Forward Registration Statement following further written notice to such effect (an “End of Suspension
Notice”) from the Company to the holders. The Company shall act in good faith to permit any suspension period contemplated
by this paragraph to be concluded as promptly as reasonably practicable.

 

9. The Purchasers agree that, except as
required by applicable law, the Purchasers shall treat as confidential the receipt of any Suspension Notice (provided that
in no event shall such notice contain any material nonpublic information of the Company) hereunder and shall not disclose or use
the information contained in such Suspension Notice without the prior written consent of the Company until such time as the information
contained therein is or becomes public, other than as a result of disclosure by a holder of Registrable Securities in breach of
the terms of this Agreement.

 

10. The Company’s obligation under
paragraph 1 of this Exhibit A is subject to the Purchasers furnishing to the Company in writing such information as the Company
reasonably requests for use in connection with a Forward Registration Statement, the related prospectus, or any amendment or supplement
thereto.

 

12. The Company shall cooperate with the
Purchasers, to the extent the Registrable Securities become freely tradable, to facilitate the timely preparation and delivery
of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to a Forward
Registration Statement and enable such certificates to be in such denominations or amounts, as the case may be, as the Purchasers
may reasonably request and registered in such names as the Purchasers may request.

 

13. If requested by any Purchaser, the Company
shall as soon as practicable, subject to any Suspension Notice, (i) incorporate in a prospectus supplement or post-effective amendment
such information as such Purchaser 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) 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) supplement or make amendments to any Registration
Statement if reasonably requested by such Purchaser holding any Registrable Securities.

 

    Exhibit A-3

     

    

 

14. As long as any Purchaser shall own Registrable
Securities, the Company, at all times while it shall be reporting under the Exchange Act, covenants to file all reports required
to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act, and to promptly furnish
the Purchasers with true and complete copies of all such filings, unless filed through the SEC’s EDGAR system. The Company
further covenants that it shall take such further action as any Purchaser may reasonably request, all to the extent required from
time to time, to enable such Purchaser to sell the Class A Shares held by such Purchaser without registration under the Securities
Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act, including providing any
legal opinions. Upon the request of such Purchaser, the Company shall deliver to such Purchaser a written certification of a duly
authorized officer as to whether it has complied with such requirements.

 

15. The rights, duties and obligations of
any Purchaser under this Exhibit A may be assigned or delegated by such Purchaser in conjunction with and to the extent of any
permitted transfer or assignment of Registrable Securities by such Purchaser to any permitted transferee or assignee.

 

    Exhibit A-4Exhibit 10.8

 

Execution version

 

OPTIONAL SHARE PURCHASE AGREEMENT

 

This Optional Share Purchase Agreement (this
 “Agreement”) is entered into as of September 9, 2020, among Starboard Value Acquisition Corp. a Delaware corporation
(the “Company”), and each of the purchasers listed on the signature pages hereto (each a “Purchaser”,
and collectively, the “Purchasers”).

 

Recitals

 

WHEREAS, the Company was formed for
the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses (a “Business Combination”);

 

WHEREAS, the Company has filed with
the U.S. Securities and Exchange Commission (the “SEC”) registration statements on Form S-1 (File Nos. 333-
248094 and 333-248699) (collectively, the “Registration Statement”) for its initial public offering (“IPO”)
of 36,000,000 units (or 41,400,000 units if the IPO over-allotment option (the “IPO Option”) is exercised in
full) (the “Public Units”), at a price of $10.00 per Public Unit, each Public Unit comprised of one share of
the Company’s Class A common stock, par value $0.0001 per share (the “Class A Shares,” and the Class A
Shares included in the Public Units, the “Public Shares”), one-sixth of one redeemable warrant, and the contingent
right to receive at least one-sixth of one redeemable warrant (as further described in the Registration Statement);

 

WHEREAS, following the closing of
the IPO (the “IPO Closing”), the Company will seek to identify and consummate a Business Combination;

 

WHEREAS, in connection with the IPO,
SVAC Sponsor LLC will purchase an aggregate of 6,133,333 warrants (or 6,853,333 warrants if the IPO Option is exercised in full)
at a price of $1.50 per warrant, in a private placement that will close simultaneously with the IPO Closing (the “Private
Placement Warrants”);

 

WHEREAS, proceeds from the IPO and
the sale of the Private Placement Warrants in an aggregate amount equal to the gross proceeds from the IPO will be deposited into
a trust account for the benefit of the holders of the Public Shares (the “Trust Account”), as described in the
Registration Statement;

 

WHEREAS, the holders of Public Shares
have the right to redeem all or a portion of their Public Shares upon the completion of the Business Combination equal to the amount
then in the Trust Account, and the Company has a payment obligation in satisfaction of any such exercised redemption rights (the
 “Redemption Obligation”), all as further described in the Registration Statement; and

 

WHEREAS, the parties wish to enter
into this Agreement, pursuant to which the Purchasers shall have the option to purchase common equity of the surviving entity in
the Business Combination (the “Surviving Entity”) on the terms and conditions set forth herein;

 

NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

    

     

    

 

Agreement

 

1.            
Purchase Option.

 

(a)          
Optional Shares.

 

(i)                
The Purchasers shall have the option, at any time or from time to time during the six (6) months following the day
that is the first Business Day after the consummation of the Business Combination (the “Option Period”), to
purchase common equity of the Surviving Entity (the “Optional Shares”) at a price per Optional Share of $10.00,
subject to adjustment in proportion to any stock dividends, stock splits, reverse stock splits or similar transactions involving
the Class A Shares in connection with the Business Combination, in an aggregate amount equal to the difference between (A) $150,000,000.00
and (B) the lesser of (x) the Redemption Obligation or (y) $100,000,000.00.

 

(ii)              
In the event the Purchasers desire to purchase any Optional Shares from the Surviving Entity, the Purchasers shall
deliver to the Surviving Entity or the Company, as applicable, a notice (the “Option Exercise Notice”) at least
five (5) Business Days (as defined below) prior to the desired date of purchase (or such lesser number of days as the Surviving
Entity or the Company, as applicable, may consent to in writing) (each such date of purchase, an “Option Closing Date”),
specifying (A) the Option Closing Date, (B) the number of Optional Shares each Purchaser desires to purchase and (C) the aggregate
purchase price payable by each Purchaser for its Optional Shares (the “Purchaser’s Purchase Price”). At
least two (2) Business Days prior to an Option Closing Date, the Surviving Entity or the Company, as applicable, shall deliver
wire instructions to the Purchasers named in the Option Exercise Notice. At the Option Closing (as defined below), subject to the
fulfillment or waiver of the conditions set forth in Section 6, (A) each Purchaser shall deliver to the Surviving Entity its Purchaser’s
Purchase Price (as set forth in the Option Exercise Notice) by wire transfer of U.S. dollars in immediately available funds to
the account specified by the Surviving Entity or the Company, as applicable and (B) upon receipt of such funds, the Surviving Entity
shall (x) issue the Optional Shares to each Purchaser, in the amounts set forth in the Option Exercise Notice, free and clear of
any liens or other restrictions whatsoever (other than those arising under state or federal securities laws), registered in the
name of such Purchaser (or its nominee in accordance with its delivery instructions), or to a custodian designated by such Purchaser,
as applicable, with such Optional Shares being issued in book-entry form and (y) deliver each Purchaser a notice in accordance
with Section 151(f) of the Delaware General Corporation Law (the “DGCL”) regarding the issuance of such Optional
Shares in book-entry form to such Purchaser containing the legend set forth below. For purposes of this Agreement, (A) “Business
Day” means any day, other than a Saturday or a Sunday, that is neither a legal holiday nor a day on which banking institutions
are generally authorized or required by law or regulation to close in the City of New York, New York and (B) “Option Closing”
means the closing, on the Option Closing Date set forth in the applicable Option Exercise Notice, of the purchase and sale of the
number of Optional Shares set forth in the applicable Option Exercise Notice.

 

(b)          
Legends. Each book entry for the Optional Shares shall contain a notation, each certificate (if any) evidencing
the Optional Shares shall be stamped or otherwise imprinted with a legend, in substantially the following form, and each notice
given by the Company to any holder of any such Optional Shares or securities pursuant to Section 151(f) of the DGCL shall contain
a legend:

 

“THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION,
AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS. THE SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES REPRESENTED
HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN OPTIONAL SHARE PURCHASE AGREEMENT BY AND AMONG THE HOLDER, THE OTHER
PURCHASERS AND THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.”

 

    2

     

    

 

(c)          
Legend Removal. If the Optional Shares are eligible to be sold without restriction under, and without the
Surviving Entity being in compliance with the current public information requirements of, Rule 144 under the Securities Act of
1933, as amended (the “Securities Act”), or there is an effective registration statement covering the resale
of the Optional Shares (and the Purchaser wishing to effect a transfer provides the Surviving Entity with a written undertaking
to sell its Optional Shares only in accordance with the plan of distribution contained in such registration statement and only
if such Purchaser has not been informed that the prospectus in such registration statement is not current or the registration statement
is no longer effective), then at such Purchaser’s request, the Surviving Entity will cause the Surviving Entity’s transfer
agent to remove the legend set forth in Section 1(b). In connection therewith, if required by the Surviving Entity’s transfer
agent, the Surviving Entity will promptly deliver or cause to be delivered to its transfer agent any authorizations, certificates
and directions required by the transfer agent that authorize and direct the transfer agent to issue such Optional Shares without
any such legend; provided that, notwithstanding the foregoing, the Surviving Entity will not be required to deliver any
such authorization, certificate or direction if it reasonably believes that removal of the legend could result in or facilitate
transfers of Optional Shares in violation of applicable law.

 

2.            
Representations and Warranties of the Purchasers. Each Purchaser represents and warrants, severally and not jointly,
to the Company as follows, as of the date hereof:

 

(a)           Organization
and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its
formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b)           Authorization.
The Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Purchaser,
will constitute the valid and legally binding obligation of the Purchaser, enforceable against the Purchaser in accordance with
its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any
other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating
to the availability of specific performance, injunctive relief or other equitable remedies, or (iii) to the extent the indemnification
provisions contained in the Registration Rights (as defined below) may be limited by applicable federal or state securities laws.

 

(c)          
Governmental Consents and Filings. No consent, approval, order or authorization of, or registration, qualification,
designation, declaration or filing with, any federal, state or local governmental authority is required on the part of the Purchaser
in connection with the consummation of the transactions contemplated by this Agreement.

 

(d)           Compliance
with Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement and the consummation by
the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions
of its organizational documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it
is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement,
contract or purchase order to which it is a party or by which it is bound or (v) of any provision of federal or state statute,
rule or regulation applicable to the Purchaser, in each case (other than clause (i)), which would have a material adverse effect
on the Purchaser or its ability to consummate the transactions contemplated by this Agreement.

 

    3

     

    

 

(e)           Purchase
Entirely for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s representation
to the Company, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that the Optional Shares
to be acquired by the Purchaser will be acquired for investment for each Purchaser’s own account, not as a nominee or agent,
and not with a view to the resale or distribution of any part thereof in violation of any state or federal securities laws, and
that the Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same in violation
of law. By executing this Agreement, the Purchaser further represents that the Purchaser does not presently have any contract,
undertaking, agreement or arrangement with any Person to sell, transfer or grant participations to such Person or to any third
Person, with respect to any of the Optional Shares. For purposes of this Agreement, “Person” means an individual,
a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other
entity or any government or any department or agency thereof.

 

(f)            Disclosure
of Information. The Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs
and the terms and conditions of the Optional Shares with the Company’s management.

 

(g)           Restricted
Securities. The Purchaser understands that the offer and sale of the Optional Shares to the Purchaser has not been, and will
not be, registered under the Securities Act by reason of a specific exemption from the registration provisions of the Securities
Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Purchaser’s
representations as expressed herein. The Purchaser understands that the Optional Shares are “restricted securities”
under applicable U.S. federal and state securities laws and that, pursuant to these laws, the Purchaser must hold the Optional
Shares indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration
and qualification requirements is available. The Purchaser acknowledges that the Surviving Entity has no obligation to register
or qualify the Optional Shares for resale, except pursuant to the Registration Rights. The Purchaser further acknowledges that
if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but
not limited to, the time and manner of sale, the holding period for the Optional Shares, and on requirements relating to the Surviving
Entity which are outside of the Purchaser’s control, and which the Surviving Entity is under no obligation and may not be
able to satisfy.

 

(h)           High Degree of Risk. The Purchaser understands that the purchase of the Optional Shares involves a high degree
of risk which could cause the Purchaser to lose all or part of its investment.

 

(i)            Non-Public Information. The Purchaser acknowledges its obligations under applicable securities laws with respect
to the treatment of material non-public information relating to the Company and the Surviving Entity.

 

(j)            Accredited
Investor. The Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities
Act.

 

(k)           No
General Solicitation. Neither the Purchaser, nor, to its knowledge, any of its officers, directors, employees, agents, stockholders
or partners has either directly or indirectly, including, through a broker or finder (i) engaged in any general solicitation,
or (ii) published any advertisement in connection with the offer and sale of the Optional Shares.

 

(l)            Residence.
The Purchaser’s principal place of business is the office or offices located at the address of the Purchaser set forth on
the signature page hereof.

 

    4

     

    

 

(m)          No Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties
contained in this Section 2 and in any certificate or agreement delivered pursuant hereto, none of the Purchaser nor any Person
acting on behalf of the Purchaser nor any of the Purchaser’s affiliates (the “Purchaser Parties”) has
made, makes or shall be deemed to make any other express or implied representation or warranty with respect to the Purchaser and
this offering, and the Purchaser Parties disclaim any such representation or warranty. Each Purchaser hereby expressly acknowledges
and agrees (on their own behalf and on behalf of each other Purchaser Party) that, except for the specific representations and
warranties expressly made by the Company in Section 3 of this Agreement, no Purchaser Party is relying on or has relied on any
representations or warranties that may have been made by the Company, any Person on behalf of the Company or any of the Company’s
affiliates (collectively, the “Company Parties”) or any other Person in connection with or regarding the Purchaser
Parties’ entry into this Agreement or agreement to consummate the transactions contemplated hereby, the Company or this offering.

 

3.            
Representations and Warranties of the Company. The Company represents and warrants to the Purchasers as follows:

 

(a)           Incorporation
and Corporate Power. The Company is duly incorporated and validly existing and in good standing as a corporation under the
laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently conducted
and as proposed to be conducted. The Company has no subsidiaries.

 

(b)          Capitalization.
As of the date of this Agreement, the authorized share capital of the Company consists of:

 

(i)              
200,000,000 Class A Shares, none of which are issued and outstanding.

 

(ii)             
20,000,000 shares of Class B common stock (“Class B Shares”), par value $0.0001 per share, 10,350,000
of which are issued and outstanding, and 1,350,000 of which are subject to forfeiture depending on the extent to which the IPO
over-allotment option is exercised. All of the outstanding Class B Shares have been duly authorized, are fully paid and nonassessable
and were issued in compliance with all applicable federal and state securities laws.

 

(iii)            
1,000,000 preferred shares, none of which are issued and outstanding.

 

(c)           Authorization. All corporate action required to be taken by the Company’s Board of Directors and stockholders
in order to authorize the Company to enter into this Agreement has been taken. All action on the part of the stockholders, directors
and officers of the Company necessary for the execution and delivery of this Agreement has been taken. This Agreement, when executed
and delivered by the Company, shall constitute the valid and legally binding obligation of the Company, enforceable against the
Company in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights generally,
(ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies, or
(iii) to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable federal or
state securities laws.

 

(d)          Compliance
with Other Instruments. The execution, delivery and performance by the Company of this Agreement and the consummation by the
Company of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of
the certificate of incorporation or bylaws of the Company, (ii) of any instrument, judgment, order, writ or decree to which the
Company is a party or by which it is bound, (iii) under any note, indenture or mortgage to which the Company is a party or by
which it is bound, (iv) under any lease, agreement, contract or purchase order to which the Company is a party or by which it
is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the Company, in each case (other
than clause (i)) which would have a material adverse effect on the Company or its ability to consummate the transactions contemplated
by this Agreement.

 

    5

     

    

 

(e)           No
General Solicitation. Neither the Company, nor any of its officers, directors, employees, agents or stockholders has either
directly or indirectly, including, through a broker or finder (i) engaged in any general solicitation, or (ii) published any advertisement
in connection with the offer and sale of the Optional Shares.

 

(f)           No
Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this
Section 3 and in any certificate or agreement delivered pursuant hereto, none of the Company Parties has made, makes or shall
be deemed to make any other express or implied representation or warranty with respect to the Company, the Optional Shares, the
proposed IPO or a potential Business Combination, and the Company Parties disclaim any such representation or warranty. Except
for the specific representations and warranties expressly made by the Purchasers in Section 2 of this Agreement and in any certificate
or agreement delivered pursuant hereto, the Company Parties specifically disclaim that they are relying upon any other representations
or warranties that may have been made by the Purchaser Parties.

 

4.            
Registration Rights; Indemnification.

 

(a)           Registration.
Each of the Company and Surviving Entity agrees that each Purchaser shall have the registration rights set forth on Exhibit
A (the “Registration Rights”).

 

(b)           Indemnification.

 

(i)                
The Surviving Entity shall, notwithstanding any termination of this Agreement, indemnify, defend and hold harmless
the Purchasers (to the extent a seller under the Optional Shares Registration Statement (as defined below)), the officers, directors,
agents, partners, members, managers, stockholders, affiliates, employees and investment advisers of the Purchasers, each Person
who controls any Purchaser (within the meaning of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”)), and the officers, directors, partners, members, managers, stockholders,
agents, affiliates, employees and investment advisers of each such controlling Person, to the fullest extent permitted by applicable
law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs
of preparation and investigation and reasonable attorneys’ fees) and expenses (collectively, “Losses”),
as incurred, that arise out of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in the
Optional Shares Registration Statement, any prospectus included in the Optional Shares Registration Statement or any form of prospectus
or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged
omission to state a material fact required to be stated therein or necessary to make the statements therein (in the case of any
prospectus or form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading,
or (ii) any violation or alleged violation by the Surviving Entity of the Securities Act, the Exchange Act or any state securities
law or any rule or regulation thereunder, in connection with the performance of its obligations under this Section 4, except to
the extent, but only to the extent, that such untrue statements, alleged untrue statements, omissions or alleged omissions are
based solely upon information regarding the Purchasers furnished in writing to the Surviving Entity by the Purchasers expressly
for use therein. The Surviving Entity shall notify the Purchasers promptly of the institution, threat or assertion of any proceeding
arising from or in connection with the transactions contemplated by this Section 4 of which the Surviving Entity is aware. Such
indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of an indemnified party and
shall survive the transfer of the Registrable Securities (as defined below) by the Surviving Entity.

 

(ii)              
Each Purchaser shall, severally and not jointly with any other selling stockholder named in the Optional Share Registration
Statement, indemnify and hold harmless the Surviving Entity, its directors, officers, agents and employees, each Person who controls
the Surviving Entity (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors,
officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and against
all Losses, as incurred, arising out of or that are based upon any untrue or alleged untrue statement of a material fact contained
in the Optional Shares Registration Statement, any prospectus included in the Optional Shares Registration Statement, or any form
of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any
omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the
case of any prospectus, or any form of prospectus or supplement thereto, in light of the circumstances under which they were made)
not misleading to the extent, but only to the extent, that such untrue statements or omissions are based solely upon information
regarding such Purchaser furnished in writing to the Surviving Entity by such Purchaser expressly for use therein. In no event
shall the liability of any Purchaser be greater in amount than the dollar amount of the net proceeds received by such Purchaser
upon the sale of the Registrable Securities giving rise to such indemnification obligation.

 

    6

     

    

 

5.            
Additional Agreements and Acknowledgements.

 

(a)          
Trust Account Waiver.

 

(i)               
Each Purchaser hereby acknowledges that it is aware that the Company will establish the Trust Account for the benefit
of its public stockholders upon the IPO Closing. Each Purchaser, for itself and its affiliates, hereby agrees that it has no right,
title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result
of any liquidation of the Company, except for redemption and liquidation rights, if any, such Purchaser may have in respect of
any Public Shares held by it.

 

(ii)              
Each Purchaser hereby agrees that it shall have no right of set-off or any right, title, interest or claim of any
kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to
any monies in, the Trust Account that it may have now or in the future, except for redemption and liquidation rights, if any, such
Purchaser may have in respect of any Public Shares held by it. In the event any Purchaser has any Claim against the Company under
this Agreement, such Purchaser shall pursue such Claim solely against the Company and its assets outside the Trust Account and
not against the property or any monies in the Trust Account, except for redemption and liquidation rights, if any, such Purchaser
may have in respect of any Public Shares held by it.

 

(b)           Stockholder
Approval. If, pursuant to the rules of the applicable stock exchange, stockholder approval is required for the issuance of
the Optional Shares (the “Stockholder Approval”), the Company or Surviving Entity, as applicable, shall use
its reasonable best efforts to obtain the Stockholder Approval prior to such issuance.

 

6.            
Option Closing Conditions.

 

(a)           Closing Conditions of the Purchasers. The obligation of the Purchasers to purchase the Optional Shares at
each Option Closing under this Agreement shall be subject to the fulfillment, at or prior to such Option Closing, of each of the
following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchasers:

 

(i)            The
Surviving Entity shall deliver to the Purchasers a certificate signed by a duly authorized officer of the Surviving Entity certifying
that the following representations and warranties of the Surviving Company are true and correct as of such Option Closing Date:

 

(1)               
All action on the part of the stockholders, directors and officers of the Surviving Entity necessary for the execution and
delivery of the Joinder (as defined below), if applicable, the performance of all obligations of the Surviving Entity under this
Agreement to be performed as of the Option Closing and the issuance and delivery of the Optional Shares to be taken prior to any
Option Closing have been taken;

 

    7

     

    

 

(2)               
The Optional Shares, when issued, sold and delivered in accordance with the terms and for the consideration set forth in
this Agreement, are validly issued, fully paid and nonassessable, and free of all preemptive or similar rights, taxes, liens, encumbrances
and charges with respect to the issue thereof and restrictions on transfer other than restrictions on transfer specified under
this Agreement, applicable state and federal securities laws and liens or encumbrances created by or imposed by the Purchasers.
Assuming the accuracy of the representations of each Purchaser in this Agreement and subject to the filings described in Section
6(a)(i)(3) below, the Optional Shares will be issued in compliance with all applicable federal and state securities laws; and

 

(3)               
Assuming the accuracy of the representations and warranties made by each Purchaser in this Agreement, no consent, approval,
order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local
governmental authority is required on the part of the Surviving Entity in connection with the consummation of the transactions
contemplated by this Agreement, except for filings pursuant to applicable state securities laws, if any, and pursuant to the Registration
Rights;

 

(ii)           
No order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental,
regulatory, or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or
prohibition shall be in effect, preventing the purchase by the Purchasers of the Optional Shares; and

 

(iii)          
The Surviving Entity shall have delivered to the Purchasers a certificate evidencing the Surviving Entity’s
good standing in its jurisdiction of organization.

 

(b)           Closing Conditions of the Surviving Entity. The obligation of the Surviving Entity to sell the Optional Shares
at each Option Closing under this Agreement shall be subject to the fulfillment, at or prior to such Option Closing, of each of
the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Surviving Entity:

 

(i)                
The representations and warranties of each Purchaser set forth in Section 2 of this Agreement shall have been true
and correct as of the date hereof and shall be true and correct as of the Option Closing Date, as applicable, with the same effect
as though such representations and warranties had been made on and as of such date (other than any such representation or warranty
that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except where the
failure to be so true and correct would not have a material adverse effect on such Purchasers or its ability to consummate the
transactions contemplated by this Agreement;

 

    8

     

    

 

(ii)              
Each Purchaser shall have performed, satisfied and complied in all material respects with the covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied with by such Purchaser at or prior to the Option
Closing;

 

(iii)            
No order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental,
regulatory, or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or
prohibition shall be in effect, preventing the purchase by the Purchasers of the Optional Shares; and

 

(iv)             
Any required Stockholder Approval shall have been obtained.

 

7.            Termination.

 

(a)           This
Agreement (i) shall automatically terminate twenty-four (24) months after the IPO Closing (or such later date as may be approved
by the Company’s stockholders in accordance with the Company’s amended and restated certificate of incorporation)
if the Company has not consummated an initial Business Combination by such date and (ii) may be terminated by mutual written consent
of the Company and the Purchasers.

 

(b)            In
the event of any termination of this Agreement pursuant to this Section 7, this Agreement shall forthwith become null and void
and have no effect, without any liability on the part of the Purchasers, the Company or the Surviving Entity and their respective
directors, officers, employees, partners, managers, members, or stockholders and all rights and obligations of each party shall
cease; provided, however, that nothing contained in this Section 7 shall relieve any party from liabilities or damages
arising out of any fraud or willful breach by such party of any of its representations, warranties, covenants or agreements contained
in this Agreement.

 

8.            
Joinder. The parties hereto acknowledge and agree that the Surviving Entity will not execute or be bound by, or be
deemed to have made any representations under, this Agreement, until the consummation of the Business Combination, and that until
such event, this Agreement shall be interpreted accordingly. If the Company is not the Surviving Entity in the Business Combination,
simultaneously with the consummation of the Business Combination, the Company shall use its commercially reasonable efforts to
cause the Surviving Entity, by way of a joinder or through other written agreement (the “Joinder”), to agree
to the terms and provisions of this Agreement which are applicable to the Surviving Entity and to assume the rights and obligations
applicable to the Surviving Entity set forth herein.

 

9.           
General Provisions.

 

(a)           
Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing
and shall be deemed effectively given upon the earlier of actual receipt, or (a) personal delivery to the party to be notified,
(b) when sent, if sent by electronic mail or facsimile (if any) during normal business hours of the recipient, and if not sent
during normal business hours, then on the recipient’s next Business Day, (c) five (5) Business Days after having been sent
by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) Business Day after deposit with a nationally
recognized overnight courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. All
communications sent to the Company shall be sent to: Starboard Value Acquisition Corp., 777 Third Avenue, 18th Floor,
New York, NY 10017. Attention: Martin McNulty, with a copy to the Company’s counsel at Akin Gump Strauss Hauer & Feld
LLP, One Bryant Park, New York, New York, 10036, Attention: Alice Hsu.

 

    9

     

    

 

 

All communications to the Purchasers shall
be sent to the Purchasers’ address as set forth on the signature page hereof, or to such e-mail address, facsimile number
(if any) or address as subsequently modified by written notice given in accordance with this Section 9(a).

 

All communications to the Surviving Entity
shall be sent to the Surviving Entity’s address as set forth on the signature page to the Joinder (if the Company is not
the Surviving Entity in the Business Combination).

 

(b)               
No Finder’s Fees. Each party represents that it neither is nor will be obligated for any finder’s
fee or commission in connection with this transaction. Each Purchaser agrees to indemnify and to hold harmless the Company and
the Surviving Entity from any liability for any commission or compensation in the nature of a finder’s or broker’s
fee arising out of this transaction (and the costs and expenses of defending against such liability or asserted liability) for
which such Purchaser or any of its officers, employees or representatives is responsible. Each of the Company and the Surviving
Entity agrees to indemnify and hold harmless the applicable Purchaser from any liability for any commission or compensation in
the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending against
such liability or asserted liability) for which the Company of the Surviving Entity or any of their officers, employees or representatives
is responsible.

 

(c)               
Survival of Representations and Warranties. All of the representations and warranties contained herein shall
survive for three (3) years after the expiration of the Option Period.

 

(d)               
Entire Agreement. This Agreement, together with any documents, instruments and writings that are delivered
pursuant hereto or referenced herein, constitutes the entire agreement and understanding of the parties hereto in respect of its
subject matter and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written
or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby.

 

(e)               
Successors. All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement
are binding upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing
in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors
and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided
in this Agreement.

 

(f)                
Assignments. No party hereto may assign either this Agreement or any of its rights, interests, or obligations
hereunder without the prior written approval of the other parties.

 

(g)               
Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an
original but all of which together will constitute one and the same instrument.

 

(h)               
Headings. The section headings contained in this Agreement are inserted for convenience only and will not
affect in any way the meaning or interpretation of this Agreement.

 

(i)                
Governing Law. This Agreement, the entire relationship of the parties hereto, and any litigation between the
parties (whether grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted
pursuant to the laws of the State of New York, without giving effect to its choice of laws principles.

 

    10

     

    

 

(j)                
Jurisdiction. The parties (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state
courts of New York and to the jurisdiction of the United States District Court for the Southern District of New York for the purpose
of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action
or other proceeding arising out of or based upon this Agreement except in state courts of New York or the United States District
Court for the Southern District of New York, and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or
otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named
courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an
inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof
may not be enforced in or by such court.

 

(k)               
Waiver of Jury Trial. The parties hereto hereby waive any right to a jury trial in connection with any litigation
pursuant to this Agreement and the transactions contemplated hereby.

 

(l)                
Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except with
the prior written consent of the parties hereto.

 

(m)              
Severability. The provisions of this Agreement will be deemed severable and the invalidity or unenforceability
of any provision will not affect the validity or enforceability of the other provisions hereof; provided that if any provision
of this Agreement, as applied to any party hereto or to any circumstance, is adjudged by a governmental authority, arbitrator,
or mediator not to be enforceable in accordance with its terms, the parties hereto agree that the governmental authority, arbitrator,
or mediator making such determination will have the power to modify the provision in a manner consistent with its objectives such
that it is enforceable, and/or to delete specific words or phrases, and in its reduced form, such provision will then be enforceable
and will be enforced.

 

(n)               
Expenses. Each of the Company, the Surviving Entity and the Purchasers will bear its own costs and expenses
incurred in connection with the preparation, execution and performance of this Agreement and the consummation of the transactions
contemplated hereby, including all fees and expenses of agents, representatives, financial advisors, legal counsel and accountants.
The Surviving Entity shall be responsible for the fees of its transfer agent, stamp taxes and all The Depository Trust Company
fees associated with the issuance of the Optional Shares.

 

(o)               
Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement.
If an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties
hereto and no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any
provision of this Agreement. Any reference to any federal, state, local, or foreign law will be deemed also to refer to law as
amended and all rules and regulations promulgated thereunder, unless the context requires otherwise. The words “include,”
 “includes,” and “including” will be deemed to be followed by “without limitation.”
Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form
will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,”
 “herein,” “hereof,” “hereby,” “hereunder,” and words
of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties
hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party
hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another
representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which
such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first
representation, warranty, or covenant.

 

    11

     

    

 

(p)               
Waiver. No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant
hereunder, whether intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach
of warranty or covenant hereunder or affect in any way any rights arising because of any prior or subsequent occurrence.

 

(q)               
Specific Performance. Each Purchaser agrees that irreparable damage may occur in the event any provision of
this Agreement was not performed by such Purchaser in accordance with the terms hereof and that the Company shall be entitled to
seek specific performance of the terms hereof, in addition to any other remedy at law or equity.

 

(r)                
Confidentiality. Except as may be required by law, regulation or applicable stock exchange listing requirements,
unless and until the transactions contemplated hereby and the terms hereof are publicly announced or otherwise publicly disclosed
by the Company, the parties hereto shall keep confidential and shall not publicly disclose the existence or terms of this Agreement.

 

 

[Signature page follows]

 

    12

     

    

 

IN WITNESS WHEREOF, the undersigned
have executed this Agreement to be effective as of the date first set forth above.

 

	PURCHASERS:	 	 
	 	 	 
	STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD	 	 
	 	 	 
	By: Starboard Value LP, its investment manager	 	 
	 	 	 
	By:	/s/ Kenneth R. Marlin	 	 
	 	Name: Kenneth R. Marlin	 	 
	 	Title: Authorized Signatory	 	 

 

 

	Address for

Notices:	777 Third Avenue, 18th
    Floor,

    New York, New York 10017	 

  	 

  

 

 

	STARBOARD VALUE AND OPPORTUNITY S LLC	 	 
	 	 	 
	By: Starboard Value LP, its manager	 	 
	 	 	 
	By:	/s/ Kenneth R. Marlin	 	 
	 	Name: Kenneth R. Marlin	 	 
	 	Title: Authorized Signatory	 	 

 

 

	Address for

Notices:	777 Third Avenue, 18th
    Floor, 

    New York, New York 10017	 

  	 

  

 

 

	STARBOARD VALUE LP, in its capacity as the 

investment
    manager of a certain managed account	 	 
	 	 	 
	By: Starboard Value GP LLC, its general partner	 	 
	 	 	 
	By:	/s/ Kenneth R. Marlin	 	 
	 	Name: Kenneth R. Marlin	 	 
	 	Title: Authorized Signatory	 	 

 

 

	Address for

Notices:	777 Third Avenue, 18th
    Floor,

    New York, New York 10017	 

  	 

  

 

 

[Signature Page to Optional Share Purchase
Agreement]

 

    

     

    

 

	STARBOARD VALUE AND OPPORTUNITY C LP	 	 
	 	 	 
	By: Starboard Value R LP, its general partner	 	 
	 	 	 
	By:	/s/ Kenneth R. Marlin	 	 
	 	Name: Kenneth R. Marlin	 	 
	 	Title: Authorized Signatory	 	 

 

 

	Address for

Notices:	777 Third Avenue, 18th
    Floor,

    New York, New York 10017	 

  	 

  

 

 

	STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP	 	 
	 	 	 
	By: Starboard Value LP, its general partner	 	 
	 	 	 
	By:	/s/ Kenneth R. Marlin	 	 
	 	Name: Kenneth R. Marlin	 	 
	 	Title: Authorized Signatory	 	 

 

	Address for

Notices:	777 Third Avenue, 18th
    Floor,

    New York, New York 10017	 

  	 

  

 

 

	STARBOARD X MASTER FUND LTD.	 	 
	 	 	 
	By:	 	 
	 	 	 
	By:	/s/ Kenneth R. Marlin	 	 
	 	Name: Kenneth R. Marlin	 	 
	 	Title: Authorized Signatory	 	 

 

 

	Address for

Notices:	777 Third Avenue, 18th
    Floor, 

    New York, New York 10017	 

  	 

  

 

 

	COMPANY:	 	 
	 	 	 
	STARBOARD VALUE ACQUISITION CORP.	 	 
	 	 	 
	By:	/s/ Martin D. McNulty, Jr.	 	 
	 	Name: Martin D. McNulty, Jr.	 	 
	 	Title: Chief Executive Officer	 	 

 

[Signature Page to Optional Share Purchase
Agreement]

 

     

     

    

 

EXHIBIT A

 

1. Within thirty (30) days after expiration
of the Option Period, the Surviving Entity shall use commercially reasonable efforts (i) to file a registration statement on Form
S-3 for a secondary offering (including any successor registration statement covering the resale of the Registrable Securities
a “Optional Shares Registration Statement”) of (x) all of the Optional Shares then issued and outstanding and
(y) any other equity security of the Surviving Entity issued or issuable with respect to the securities referred to in clause (x)
by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation
or reorganization (collectively, the “Registrable Securities”) pursuant to Rule 415 under the Securities Act;
provided that if Form S-3 is unavailable for such a registration, the Surviving Entity shall register the resale of the
Registrable Securities on another appropriate form and undertake to register the Registrable Securities on Form S-3 as soon as
such form is available, (ii) to cause the Optional Share Registration Statement to be declared effective under the Securities Act
promptly thereafter, but in no event later than sixty (60) days thereafter, and (iii) to maintain the effectiveness of such Optional
Share Registration Statement with respect to each Purchaser’s Registrable Securities until the earlier of (A) the date on
which such Purchaser ceases to hold Registrable Securities covered by such Optional Share Registration Statement and (B) the date
all of such Purchaser’s Registrable Securities covered by the Optional Share Registration Statement can be sold publicly
without restriction or limitation under Rule 144 under the Securities Act and without the requirement to be in compliance with
Rule 144(c)(1) under the Securities Act.

 

2. In the event the Surviving Entity is
prohibited by applicable rule, regulation or interpretation by the staff (“Staff”) of the SEC from registering
all of the Registrable Securities on an Optional Share Registration Statement or the Staff requires that any Purchaser be specifically
identified as an “underwriter” in order to permit such registration statement to become effective, and such Purchaser
does not consent in writing to being so named as an underwriter in such registration statement, the number of Registrable Securities
to be registered on such Optional Share Registration Statement will be reduced on a pro rata basis among all the holders of Registrable
Securities to be so included, unless otherwise required by the Staff, so that the number of Registrable Securities to be registered
is permitted by the Staff and such Purchaser is not required to be named as an “underwriter”; provided, that
any Registrable Securities not registered due to this paragraph 2 of this Exhibit A shall thereafter as soon as allowed by the
SEC guidance be registered to the extent the prohibition no longer is applicable.

 

3. If at any time the Surviving Entity proposes
to file a registration statement (a “Registration Statement”) on its own behalf, or on behalf of any other Persons
who have registration rights (“Other Holders”), relating to an underwritten offering of shares of common stock,
or engage in an Underwritten Shelf Takedown (as defined below) off an existing registration statement (a “Company Offering”),
then the Surviving Entity will provide each Purchaser (collectively, the “Piggyback Holders”) with notice in
writing (an “Offer Notice”) at least five (5) Business Days prior to such filing, which Offer Notice will offer
to include in the Registration Statement the Registrable Securities of each Purchaser (collectively “Piggyback Securities”).
Within five (5) Business Days (or, in the case of an Offer Notice delivered to the Piggyback Holders in connection with an Underwritten
Shelf Takedown, within three (3) Business Days) after receiving the Offer Notice, the Piggyback Holders may make a written request
(a “Piggyback Request”) to the Surviving Entity to include some or all of the Piggyback Holders’ Registrable
Securities in the Registration Statement. If the underwriter(s) for any Company Offering advise the Surviving Entity that marketing
factors require a limitation on the number of securities that may be included in the Company Offering: (A) if the Registration
Statement relating to the Company Offering is to be filed on behalf of the Surviving Entity then the number of securities to be
so included shall be allocated as follows (i) first, to the Surviving Entity; and (ii) second, to the Piggyback Holders and holders
of Class A Shares or other equity securities of the Company or Surviving Entity or other Persons that the Company or Surviving
Entity is obligated to register in a Registration pursuant to separate written contractual arrangements with such Persons (pro
rata based on the respective number of Registrable Securities held by such Person prior to the applicable Company Offering); and
(B) if the Registration Statement relating to the Company Offering is to be filed on behalf of Other Holders then the number of
securities to be so included shall be allocated as follows: (i) first to such Other Holders; (ii) second, to the Piggyback Holders
and holders of Class A Shares or other equity securities of the Company or Surviving Entity other Persons or entities that the
Company or Surviving Entity is obligated to register in a registration effected in compliance with the requirements of the Securities
Act, pursuant to separate written contractual arrangements with such Persons (pro rata based on the respective number of Registrable
Securities held by such Person prior to the applicable Company Offering); and (iii) third, to the Surviving Entity. Notwithstanding
anything to the contrary in this paragraph 3, the Surviving Entity hereby agrees that it will not provide an Offer Notice to any
Piggyback Holder unless such Piggyback Holder agrees in writing to treat the contents of such Offer Notice as material non-public
information.

 

    

     

    

 

4. At any time during which the Surviving
Entity has an effective Optional Share Registration Statement with respect to any Purchaser’s Registrable Securities, any
such Purchaser may make a written request (which request shall specify the intended method of disposition thereof) (a “Shelf
Takedown Request”) to the Surviving Entity to effect a sale, of all or a portion of the Purchaser’s Registrable
Securities that are covered by the Optional Share Registration Statement, and the Surviving Entity shall use commercially reasonable
efforts to file, to the extent required by applicable law or regulation, a prospectus supplement (a “Shelf Takedown Prospectus
Supplement”) for such purpose as soon as reasonably practicable following receipt of a Shelf Takedown Request. Such Purchaser
may request that any such sale be conducted as an underwritten public offering (an “Underwritten Shelf Takedown”).
The Surviving Entity shall not be obligated to effect more than four Underwritten Shelf Takedowns.

 

5. The determination of whether any offering
of Registrable Securities pursuant to an Optional Share Registration Statement or a Shelf Takedown Prospectus Supplement will be
an underwritten offering shall be made in the sole discretion of the Purchasers, after consultation with the Surviving Entity,
and the Purchasers shall have the right, after consultation with the Surviving Entity, to determine the plan of distribution, including
the price at which the Registrable Securities are to be sold and the underwriting commissions, discounts and fees (and the Piggyback
Holders or Requesting Holders (as applicable) shall not have the right to make any determinations other than whether it wishes
to include its Requesting Holder Securities in the prospectus supplement). The Purchasers shall select the investment banker or
bankers and managers to administer the offering, including the lead managing underwriter (provided that such investment
banker or bankers and managers shall be reasonably satisfactory to the Surviving Entity).

 

6. In connection with any underwritten offering,
the Surviving Entity shall enter into such customary agreements and take all such other actions in connection therewith (including
those requested by the Purchasers) in order to facilitate the disposition of such Registrable Securities as are reasonably necessary
or required, and in such connection enter into a customary underwriting agreement that provides for customary opinions, comfort
letters and officer’s certificates and other customary deliverables.

 

7. The Surviving Entity shall pay all fees
and expenses incident to the performance of or compliance with its obligation to prepare, file and maintain each Optional Share
Registration Statement (including the fees of its counsel and accountants). The Surviving Entity shall also pay all Registration
Expenses. For purposes of this paragraph 7, “Registration Expenses” shall mean the out-of-pocket expenses of
a Company Offering or Underwritten Shelf Takedown, including, without limitation, the following: (i) all registration and filing
fees (including fees with respect to filings required to be made with FINRA) and any securities exchange on which the Registrable
Securities are then listed; (ii) fees and expenses of compliance with securities or blue sky laws (including reasonable fees and
disbursements of one counsel for the underwriters in connection with blue sky qualifications of the Registrable Securities); (iii)
printing, messenger, telephone and delivery expenses; (iv) reasonable fees and disbursements of counsel for the Surviving Entity;
(v) reasonable fees and disbursements of all independent registered public accountants of the Surviving Entity incurred specifically
in connection with such Underwritten Shelf Takedown; and (vi) reasonable fees and expenses of one legal counsel selected by the
Purchasers who will represent all the selling shareholders, and who may also serve as counsel to the Purchasers or the Surviving
Entity or both.

 

    A-2

     

    

 

8. The Surviving Entity may suspend the
use of a prospectus included in an Optional Share Registration Statement by furnishing to the Purchasers a written notice (“Suspension
Notice”) stating that in the good faith judgment of the Surviving Entity, it would be either (i) prohibited by the Surviving
Entity’s insider trading policy (as if the Purchaser were covered by such policy) or (ii) materially detrimental to the Surviving
Entity and its stockholders for such prospectus to be used at such time. The Surviving Entity’s right to suspend the use
of such prospectus under clause (ii) of the preceding sentence may be exercised for a period of not more than sixty (60) days after
the date of such notice to the Purchasers; provided such period may be extended for an additional thirty (30) days with
the consent of a majority-in-interest of the holders of Registrable Securities covered by such Optional Share Registration Statement,
which consent shall not be unreasonably withheld; provided further, that such right to suspend the use of a prospectus shall
be exercised by the Surviving Entity not more than once in any twelve (12) month period. A holder of Registrable Securities shall
not effect any sales of Registrable Securities pursuant to an Optional Share Registration Statement at any time after it has received
a Suspension Notice from the Surviving Entity and prior to receipt of an End of Suspension Notice (as defined below). The holders
may recommence effecting sales of the Registrable Securities pursuant to such Optional Share Registration Statement following further
written notice to such effect (an “End of Suspension Notice”) from the Surviving Entity to the holders. The
Surviving Entity shall act in good faith to permit any suspension period contemplated by this paragraph to be concluded as promptly
as reasonably practicable.

 

9. The Purchasers agree that, except as
required by applicable law, the Purchasers shall treat as confidential the receipt of any Suspension Notice (provided that
in no event shall such notice contain any material nonpublic information of the Surviving Entity) hereunder and shall not disclose
or use the information contained in such Suspension Notice without the prior written consent of the Surviving Entity until such
time as the information contained therein is or becomes public, other than as a result of disclosure by a holder of Registrable
Securities in breach of the terms of this Agreement.

 

10. The Surviving Entity’s obligation
under paragraph 1 of this Exhibit A is subject to the Purchasers furnishing to the Surviving Entity in writing such information
as the Surviving Entity reasonably requests for use in connection with an Optional Share Registration Statement, the related prospectus,
or any amendment or supplement thereto.

 

12. The Surviving Entity shall cooperate
with the Purchasers, to the extent the Registrable Securities become freely tradable, to facilitate the timely preparation and
delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to
an Optional Share Registration Statement and enable such certificates to be in such denominations or amounts, as the case may be,
as the Purchasers may reasonably request and registered in such names as the Purchasers may request.

 

13. If requested by any Purchaser, the Surviving
Entity shall as soon as practicable, subject to any Suspension Notice, (i) incorporate in a prospectus supplement or post-effective
amendment such information as such Purchaser 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) 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) supplement or make amendments
to any Registration Statement if reasonably requested by such Purchaser holding any Registrable Securities.

 

    A-3

     

    

 

14. As long as any Purchaser shall own Registrable
Securities, the Surviving Entity, at all times while it shall be reporting under the Exchange Act, covenants to file all reports
required to be filed by the Surviving Entity after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act, and
to promptly furnish the Purchasers with true and complete copies of all such filings, unless filed through the SEC’s EDGAR
system. The Surviving Entity further covenants that it shall take such further action as any Purchaser may reasonably request,
all to the extent required from time to time, to enable such Purchaser to sell the Optional Shares held by such Purchaser without
registration under the Securities Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities
Act, including providing any legal opinions. Upon the request of such Purchaser, the Surviving Entity shall deliver to such Purchaser
a written certification of a duly authorized officer as to whether it has complied with such requirements.

 

15. The rights, duties and obligations of
any Purchaser under this Exhibit A may be assigned or delegated by such Purchaser in conjunction with and to the extent of any
permitted transfer or assignment of Registrable Securities by such Purchaser to any permitted transferee or assignee.

 

    A-4

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