Document:

Form of Stock Escrow Agreement

 Exhibit 10.7 
 STOCK ESCROW AGREEMENT 
 This STOCK ESCROW
AGREEMENT is made as of                          , 2006 (the
“Agreement”), by and among CATALYTIC CAPITAL INVESTMENT CORPORATION, a Delaware corporation (the “Company”), Catalytic Capital
Management Holdings LLC (“CCMH”), Dennis S. Bookshester, Michael T. Felix, Sharon D. Garrett, Jeffrey F. Rayport, Russell I. Pillar, Matthew G. Pillar, Jeffrey D. Goldstein and Jonathan P. May (collectively “Initial
Stockholders”) and CONTINENTAL STOCK TRANSFER & TRUST COMPANY, a New York corporation (the “Escrow Agent”).

 WHEREAS, the Company has entered into a Purchase Agreement, dated
                    , 2006 (the “Purchase Agreement”), with Merrill Lynch & Co., Merrill Lynch, Pierce,
Fenner & Smith Incorporated (“Merrill”), Maxim Group LLC and Merriman Curhan Ford & Co. acting as representatives of the several underwriters (collectively, the “Underwriters”), pursuant to which,
among other matters, the Underwriters have agreed to purchase 15,625,000 units (the “Units”) of the Company. Each Unit consists of one share of the Company’s Common Stock, par value $.0001 per share, and one Warrant, each
Warrant to purchase one share of Common Stock for $6.00, all as more fully described in the Company’s final Prospectus, dated
                     2006 (the “Prospectus”) comprising part of the Company’s Registration Statement on Form S-1 (File
No. 333-132717) under the Securities Act of 1933, as amended (the “Registration Statement”), declared effective on
                     2006 (the “Effective Date”). 
 WHEREAS, the Initial Stockholders have agreed as a condition of the sale of the Units to deposit their shares of
Common Stock of the Company and their Warrants to Purchase Common Stock of the Company, as set forth opposite their respective names in Exhibit A attached hereto (collectively “Escrow Securities”), in escrow as
hereinafter provided. 
 WHEREAS, the Company and the Initial Stockholders desire that the Escrow Agent
accept the Escrow Securities, in escrow, to be held and disbursed as hereinafter provided. 
 IT IS
AGREED: 
 1. Appointment of Escrow Agent. The Company and the Initial Stockholders hereby appoint the Escrow Agent
to act in accordance with and subject to the terms of this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject to such terms. 
 2. Deposit of Escrow Securities. On or before the Effective Date, each of the Initial Stockholders shall deliver to the Escrow Agent certificates
representing his respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. Each Initial Stockholder acknowledges that the certificate representing his Escrow Securities is legended to reflect the
deposit of such Escrow Securities under this Agreement, provided, however, that such legends shall be removed upon the disbursement of the Escrow Securities as described below. 
 3. Disbursement of the Escrow Securities. The Escrow Agent shall hold the Escrow Securities until six months following the consummation of the
initial business combination (as such term is defined in the Prospectus) (the “Escrow Period”), on which date it 
  

 1. 

 shall, upon written instructions from each Initial Stockholder, disburse each of the Initial Stockholder’s Escrow
Securities as directed by such Initial Stockholder; provided, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof, that the Company is being liquidated at any time during the Escrow Period, then the
Escrow Agent shall promptly destroy the certificates representing the Escrow Securities and; provided further, that if, after the Company consummates a business combination (as such term is defined in the Prospectus), it (or the surviving entity)
subsequently consummates a liquidation, merger, stock exchange or other similar transaction which results in all of the stockholders of such entity having the right to exchange their shares of Common Stock for cash, securities or other property,
then the Escrow Agent will, upon receipt of a certificate, executed by the Chief Executive Officer or Chief Financial Officer of the Company, in form reasonably acceptable to the Escrow Agent, that such transaction is then being consummated, release
the Escrow Securities to the Initial Stockholders upon consummation of the transaction so that they can similarly participate. The Escrow Agent shall have no further duties hereunder after the disbursement or destruction of the Escrow Securities in
accordance with this Section 3. 
 4. Rights of Initial Stockholders in Escrow Securities. 
 4.1 Voting Rights as a Stockholder. The Initial Stockholders shall retain all of their rights as stockholders of the Company during the Escrow
Period, including, without limitation, the right to vote such shares. 
 4.2 Dividends and Other Distributions in Respect of the Escrow
Securities. During the Escrow Period, all dividends payable in cash with respect to the Escrow Securities shall be paid to the Initial Stockholders, but all dividends payable in stock or other non-cash property (the “Non-Cash
Dividends”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof. As used herein, the term “Escrow Securities” shall be deemed to include the Non-Cash Dividends distributed thereon, if any.

 4.3 Restrictions on Transfer. During the Escrow Period, no sale, transfer or other disposition may be made of any or all of the
Escrow Securities except (i) by gift to a member of Initial Stockholder’s immediate family or to a trust, the beneficiary of which is an Initial Stockholder or a member of an Initial Stockholder’s immediate family, (ii) by virtue
of the laws of descent and distribution upon death of any Initial Stockholder, (iii) pursuant to a qualified domestic relations order, (iv) by transfer, with or without consideration, to its members or former members, in case of CCMH,
(v) any pledge made pursuant to a bona fide loan transfer that creates a mere security interest, or (vi) to the Company pursuant to the terms of restricted stock purchase agreements governing those Escrow Securities; provided, however,
that such permissive transfers may be implemented only upon the respective transferee’s written agreement to be bound by the terms and conditions of this Agreement. 
 4.4 Insider Letters. Each of the Initial Stockholders has executed a letter agreement with Merrill and the Company, dated as indicated on Exhibit B hereto, and which is filed as an exhibit to
the Registration Statement (“Insider Letter”), respecting the rights and obligations of such Initial Stockholder in certain events, including but not limited to the liquidation of the Company. 
  

 2. 

 5. Concerning the Escrow Agent. 
 5.1 Good Faith Reliance. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith and in the exercise of its own
best judgment, and may rely conclusively on and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report or other paper or
document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by the Escrow Agent to be genuine and to be signed or
presented by the proper person or persons. The Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement unless evidenced by a writing delivered to the Escrow Agent signed by
the proper party or parties and, if the duties or rights of the Escrow Agent are affected, unless it shall have given its prior written consent thereto. 
 5.2 Indemnification. The Escrow Agent shall be indemnified and held harmless by the Company from and against any expenses, including reasonable counsel fees and disbursements, or loss suffered by the Escrow
Agent in connection with any action, suit or other proceeding involving any claim which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow Agent hereunder, or the Escrow Securities held by it
hereunder, other than expenses or losses arising from the gross negligence or willful misconduct of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of any demand or claim or the commencement of any action, suit or
proceeding, the Escrow Agent shall notify the other parties hereto in writing. In the event of the receipt of such notice, the Escrow Agent, in its sole discretion, may commence an action in the nature of interpleader in an appropriate court to
determine ownership or disposition of the Escrow Securities or it may deposit the Escrow Securities with the clerk of any appropriate court or it may retain the Escrow Securities pending receipt of a final, non appealable order of a court having
jurisdiction over all of the parties hereto directing to whom and under what circumstances the Escrow Securities are to be disbursed and delivered. The provisions of this Section 5.2 shall survive in the event the Escrow Agent resigns or is
discharged pursuant to Sections 5.5 or 5.6 below. 
 5.3 Compensation. The Escrow Agent shall be entitled to receive two hundred
dollars ($200) per month for all services rendered by it hereunder. The Escrow Agent shall also be entitled to reimbursement from the Company for all reasonable expenses paid or incurred by it in the administration of its duties hereunder including,
but not limited to, all counsel, advisors’ and agents’ fees and disbursements and all taxes or other governmental charges. 
 5.4 Further Assurances. From time to time on and after the date hereof, the Company and the Initial Stockholders shall deliver or cause to be delivered to the Escrow Agent such further documents and instruments and shall do or cause
to be done such further acts as the Escrow Agent shall reasonably request to carry out more effectively the provisions and purposes of this Agreement, to evidence compliance herewith or to assure itself that it is protected in acting hereunder.

 5.5 Resignation. The Escrow Agent may resign at any time and be 
  

 3. 

 discharged from its duties as escrow agent hereunder by its giving the other parties hereto written notice and such
resignation shall become effective as hereinafter provided. Such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company, the Escrow Securities held hereunder. If no
new escrow agent is so appointed within the 60-day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Securities with any court it reasonably deems appropriate. 
 5.6 Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in
writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5. 
 5.7 Liability. Notwithstanding anything herein to the contrary, the Escrow Agent shall not be relieved from liability hereunder for its own gross
negligence or its own willful misconduct. 
 6. Miscellaneous. 
 6.1 Governing Law. This Agreement shall for all purposes be deemed to be made under and shall be construed in accordance with the laws of the State
of New York. 
 6.2 Third Party Beneficiaries. Each of the Initial Stockholders hereby acknowledges that the Underwriters are third
party beneficiaries of this Agreement and this Agreement may not be modified or changed without the prior written consent of Merrill. 
 6.3 Entire Agreement. This Agreement contains the entire agreement of the parties hereto with respect to the subject matter hereof and, except as expressly provided herein, may not be changed or modified except by an instrument in
writing signed by the party to the charged. 
 6.4 Headings. The headings contained in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation thereof. 
 6.5 Binding Effect. This Agreement shall be binding upon and
inure to the benefit of the respective parties hereto and their legal representatives, successors and assigns. 
 6.6 Notices. Any
notice or other communication required or which may be given hereunder shall be in writing and either be delivered personally or be mailed, certified or registered mail, or by private national courier service, return receipt requested, postage
prepaid, and shall be deemed given when so delivered personally or, if mailed, two days after the date of mailing, as follows: 
 If to the
Company, to: 
 Catalytic Capital Investment Corporation 
 100 Wilshire Boulevard 
 Suite 1100 
 Santa Monica, CA 90401 
 Attn: Russell I.
Pillar 
  

 4. 

 If to a Stockholder, to his address set forth in Exhibit A. 
 and if to the Escrow Agent, to: 
 Continental
Stock Transfer & Trust Company 
 17 Battery Place 
 New York, New York 10004 
 Attn: Chairman 
 A copy of any notice sent hereunder shall be sent to: 
 Cooley Godward LLP 
 Five Palo Alto Square 
 3000 El Camino Real

 Palo Alto, CA 94306- 5000 
 Attn: Vincent P. Pangrazio 
 and 
 Merrill Lynch & Co. 
 4 World Financial Center 
 New York, New York 10080 
 and 
 Sidley Austin LLP 
 787 Seventh Avenue

 New York, NY 10019 
 Attn: Jack
I. Kantrowitz 
 The parties may change the persons and addresses to which the notices or other communications are to be sent by giving
written notice of any such change in the manner provided herein for giving notice. 
 6.7 Liquidation of Company. The Company shall
give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a business combination within the time period(s) specified in the Registration Statement. 
  

 5. 

 WITNESS the execution of this Agreement as of the date first above written.

  

			
	CATALYTIC CAPITAL INVESTMENT CORPORATION
		
	By:	 	  

	Name:	 	Russell I. Pillar
	Title:	 	Chief Executive Officer
	
	INITIAL STOCKHOLDERS:
	
	CATALYTIC CAPITAL MANAGEMENT HOLDINGS, LLC
		
	By:	 	  

	Name:	 	Matthew G. Pillar
	Title:	 	Managing Member of Catalytic Capital LLC,
		 	the Managing Member of Catalytic Capital Management Holdings, LLC

  

 6. 

 WITNESS the execution of this Agreement as of the date first above written.

  

	
	INITIAL STOCKHOLDERS:
	
	  

	 RUSSELL I. PILLAR

	
	  

	 MATTHEW G. PILLAR

	
	  

	 JEFFREY D. GOLDSTEIN

	
	  

	 JONATHAN P. MAY

	
	  

	 DENNIS S. BOOKSHESTER

	
	  

	 MICHAEL T. FELIX

	
	  

	 SHARON D. GARRETT

	
	  

	 JEFFREY F. RAYPORT

  

 7. 

 EXHIBIT A 
  

							
	 Name and Address of Initial
Stockholder
	  	Number of Common Stock	  	Stock Certificate Number	  	Number of Warrants
	 Catalytic Capital Management Holdings LLC
  
 c/o Catalytic Capital LLC
 100 Wilshire Boulevard,
 Suite 1100
 Santa Monica, CA 90401
	  	3,749,998	  		  	
				
	 Russell I. Pillar,
  
 c/o Catalytic Capital LLC
 100 Wilshire Boulevard,
 Suite 1100
 Santa Monica, CA 90401
	  	39,583	  		  	243,885
				
	 Matthew G. Pillar
  
 c/o Catalytic Capital LLC
 100 Wilshire Boulevard,
 Suite 1100
 Santa Monica, CA 90401
	  	39,584	  		  	243,885
				
	 Jeffrey D. Goldstein
  
 c/o Catalytic Capital LLC
 100 Wilshire Boulevard,
 Suite 1100
 Santa Monica, CA 90401
	  	6,250	  		  	38,509
				
	 Jonathan P. May
  
 c/o Catalytic Capital LLC
 650 Madison Avenue,
 9th Floor
 New York, NY 10022
	  	39,583	  		  	243,885
				
	 Dennis S. Bookshester
  
 c/o Catalytic Capital LLC
 100 Wilshire Boulevard,
 Suite 1100
 Santa Monica, CA 90401
	  	39,063	  		  	

  

 8. 

							
	 Michael T. Felix
  
 c/o Catalytic Capital LLC
 100 Wilshire Boulevard,
 Suite 1100
 Santa Monica, CA 90401
	  	39,063	  		  	
				
	 Sharon D. Garrett
  
 c/o Catalytic Capital LLC
 100 Wilshire Boulevard,
 Suite 1100
 Santa Monica, CA 90401
	  	39,063	  		  	
				
	 Jeffrey F. Rayport
  
 c/o Catalytic Capital LLC
 100 Wilshire Boulevard,
 Suite 1100
 Santa Monica, CA 90401
	  	39,063	  		  	

 Reference is made to the Private Placement Purchase Agreement, dated as of March 22, 2006, by and among the
Company and the persons and entities listed on Exhibit A thereto and to Amendment No. 1 to Private Placement Agreement, dated April 20, 2006, by and among the Company and the purchasers set forth on the signature pages thereto. 

 

 9. 

 EXHIBIT B 
 INSIDER LETTER 
  

 10.Form of Registration Rights Agreement

 Exhibit 10.9 
 REGISTRATION RIGHTS AGREEMENT 
 THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is entered into as of the      day of May, 2006, by and among CATALYTIC CAPITAL INVESTMENT CORPORATION, a
Delaware corporation (the “Company”); and each of the undersigned parties listed under Insiders on the signature page hereto (each, an “Insider” and collectively, the “Insiders”). 
 WHEREAS, the Insiders, collectively, hold all of the issued and outstanding securities of the Company as of the date hereof; 
 WHEREAS, the Insiders have agreed to purchase certain units and warrants of the Company in a private placement pursuant to the Private Placement
Purchase Agreement, dated as of March 22, 2006, as amended, between the Company and the Insiders (the “Private Placement”); 
 WHEREAS, the Insiders and the Company desire to enter into this Agreement to provide the Insiders with certain rights relating to the registration of shares of Common Stock held by them; 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. DEFINITIONS. The following capitalized
terms used herein have the following meanings: 
 “Agreement” means this Agreement, as amended, restated, supplemented, or
otherwise modified from time to time. 
 “Business Combination” means the acquisition by the Company, whether by merger,
capital stock exchange, stock purchase, asset acquisition or other similar type of transaction or a combination of any of the foregoing, of one or more “Target Businesses” (as defined in the Charter) having, collectively, a fair market
value (as calculated in accordance with the requirements set forth below) of at least 80% of the balance in the Trust Account (as defined in the Charter), excluding the Deferred Underwriting Fee (as defined in the Charter) at the time of such
acquisition. 
 “Business Day” means any day, except a Saturday, Sunday or legal holiday on which the banking institutions
in the City of New York are authorized or obligated by law or executive order to close. 
 “CCMH” means Catalytic Capital
Management Holdings, LLC. 
 “CCMH Demand Registration” is defined in Section 2.1.1. 
 “CCMH Shares” is defined in Section 2.1.1. 
  

 1 

 “Charter” means the Company’s Amended and Restated Certificate of Incorporation.

 “Commission” means the Securities and Exchange Commission, or such successor federal agency or agencies as may be
established in lieu thereof. 
 “Common Stock” means the common stock, par value $0.0001 per share, of the Company.

 “Company” is defined in the preamble to this Agreement. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder. 
 “Form S-3” is defined in Section 2.3. 
 “Indemnified Party” is defined in Section 4.3. 
 “Indemnifying Party” is defined in Section 4.3. 
 “Insider” is
defined in the preamble to this Agreement. 
 “Insider Indemnified Party” is defined in Section 4.1. 
 “Insider Shares” means all of the shares of Common Stock owned or held by the Insiders, including all shares of Common Stock issued to
the Insiders in the Private Placement (consisting of shares issuable upon the exercise of warrants constituting the units purchased in such Private Placement and shares issuable upon the exercise of warrants purchased in the Private Placement);
provided, that such shares shall cease to be Insider Shares when: (a) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act (as defined below) and such securities shall
have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred pursuant to Rule 144 of the Securities Act (or any similar provisions thereunder,
other than Rule 144A), new certificates for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution of them shall not require registration under the Securities Act; or
(c) such securities shall have ceased to be outstanding. 
 “Maximum Number of Shares” is defined in
Section 2.1.5. 
 “Notices” is defined in Section 6.3. 
 “Piggy-Back Registration” is defined in Section 2.2.1. 
 “Prospectus” means a prospectus relating to a Registration Statement, as amended or supplemented, and all materials incorporated by
reference in such Prospectus. 
  

 2 

 “Register,” “registered” and “registration” mean a
registration effected by preparing and filing a registration statement or similar document under the Securities Act and such registration statement becoming effective. 
 “Registration Statement” means a registration statement filed by the Company with the Commission in compliance with the Securities Act and the rules and regulations promulgated thereunder for a public
offering and sale of Common Stock (other than a registration statement on Form S-4 or Form S-8, or their successors, or any registration statement covering only securities proposed to be issued in exchange for securities or assets of another
entity). 
 “Release Date” means the date that is three months before the date on which the lock-up period applicable to the
Insider Shares expires. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of
the Commission promulgated thereunder. 
 “Underwriter” means a securities dealer who purchases any Insider Shares as
principal in an underwritten offering and not as part of such dealer’s market-making activities. 
 2. REGISTRATION RIGHTS. 

2.1 Demand Registration. 
 2.1.1
CCMH Request for Registration. At any time and from time to time on or after the Release Date, CCMH may make a written demand for registration under the Securities Act of all or part of the Insider Shares then outstanding held by CCMH (the
“CCMH Shares”) as of such date (a “CCMH Demand Registration”). Any demand for a CCMH Demand Registration shall specify the number of CCMH Shares proposed to be sold and the intended method(s) of distribution
thereof. The Company shall not be obligated to effect more than an aggregate of two (2) CCMH Demand Registrations under this Section 2.1.1. Notwithstanding the foregoing, CCMH may not sell or otherwise transfer the CCMH Shares until the
date that is six months after the date of a Business Combination. 
 2.1.2 Effective Registration. A registration will not count as a
CCMH Demand Registration until the Registration Statement filed with the Commission with respect to such CCMH Demand Registration has been declared effective and the Company has complied with all of its obligations under this Agreement with respect
thereto; provided, however, that if, after such Registration Statement has been declared effective, the offering of CCMH Shares pursuant to a CCMH Demand Registration is interfered with by any stop order or injunction of the Commission
or any other governmental agency or court, the Registration Statement with respect to such CCMH Demand Registration will be deemed not to have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or
otherwise terminated, and (ii) CCMH thereafter elects to continue the offering; provided, further, that the Company shall not be obligated to file a second Registration Statement until a Registration Statement that has been filed
is counted as a CCMH Demand Registration Statement or is otherwise terminated. 
 2.1.3 Underwritten Offering. If CCMH so elects and
so advises the 
  

 3 

 Company as part of its written demand for a CCMH Demand Registration, the offering of such CCMH Shares pursuant to such
CCMH Demand Registration shall be in the form of an underwritten offering. CCMH shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters selected for such underwriting by CCMH. 
 2.1.4 Reduction of Offering. If the managing Underwriter or Underwriters for a CCMH Demand Registration that is to be an underwritten offering
advises the Company and CCMH in writing that the dollar amount or number of CCMH Shares which CCMH desires to sell, taken together with all other shares of Common Stock or other securities which the Company desires to sell and the shares of Common
Stock, if any, as to which registration has been requested pursuant to written contractual piggy-back registration rights held by other holders of the Company’s securities who desire to sell securities, exceeds the maximum dollar amount or
maximum number of shares that can be sold in such offering without adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or maximum number of
shares, as applicable, the “Maximum Number of Shares”), then the Company shall include in such registration: (i) first, in the case of a CCMH Demand Registration, the CCMH Shares included in the CCMH Demand Registration;
(ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding the Maximum
Number of Shares; (iii) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the shares of Common Stock for the account of other persons that the Company is obligated to
register pursuant to written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of Shares; and (iv) fourth, to the extent that the Maximum Number of Shares have not been reached under the
foregoing clauses (i), (ii), and (iii), the shares of Common Stock that other shareholders desire to sell that can be sold without exceeding the Maximum Number of Shares. 
 2.1.5 Withdrawal. In the case of a CCMH Demand Registration, if CCMH shall disapprove of the terms of any underwriting or is not entitled to
include all of its CCMH Shares in any offering, CCMH may elect to withdraw from such offering by giving written notice to the Company and the Underwriter or Underwriters of its request to withdraw prior to the effectiveness of the Registration
Statement filed with the Commission with respect to such CCMH Demand Registration. If CCMH withdraws from a proposed offering relating to a CCMH Demand Registration, then such registration shall not count as a CCMH Demand Registration, as the case
may be, provided for in Sections 2.1.1 hereof. 
 2.2 Piggy-Back Registration. 
 2.2.1 Piggy-Back Rights. If at any time on or after the Release Date the Company proposes to file a Registration Statement under the Securities
Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into, equity securities, by the Company for its own account or for shareholders of the Company for their account
(or by the Company and by shareholders of the Company including, without limitation, pursuant to Section 2.1), other than a Registration Statement (i) filed in connection with any employee stock option or other benefit plan, (ii) for
an exchange offer or offering of securities solely to the Company’s existing shareholders, (iii) for an offering of debt 
  

 4 

 that is convertible into equity securities of the Company or (iv) for a dividend reinvestment plan, then the Company
shall (x) give written notice of such proposed filing to the holders of Insider Shares as soon as practicable but in no event less than ten (10) Business Days before the anticipated filing date, which notice shall describe the amount and
type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, of the offering, and (y) offer to the holders of Insider Shares in such
notice the opportunity to register the sale of such number of Insider Shares as such holders may request in writing within five (5) Business Days following receipt of such notice (a “Piggy-Back Registration”). The Company shall
cause such Insider Shares to be included in such registration and shall use commercially reasonable efforts to cause the managing Underwriter or Underwriters of a proposed underwritten offering to permit the Insider Shares requested to be included
in a Piggy-Back Registration to be included on the same terms and conditions as any similar securities of the Company and to permit the sale or other disposition of such Insider Shares in accordance with the intended method(s) of distribution
thereof. All holders of Insider Shares who propose to distribute securities through a Piggy-Back Registration that involves an Underwriter or Underwriters shall enter into an underwriting agreement in customary form with the Underwriter or
Underwriters selected for such Piggy-Back Registration. 
 2.2.2 Reduction of Offering. If the managing Underwriter or Underwriters
for a Piggy-Back Registration that is to be an underwritten offering advises the Company and the holders of Insider Shares in writing that the dollar amount or number of shares of Common Stock which the Company desires to sell, taken together with
shares of Common Stock, if any, as to which registration has been demanded pursuant to written contractual arrangements with persons other than the holders of Insider Shares hereunder, the Insider Shares as to which registration has been requested
under this Section 2.2, and the shares of Common Stock, if any, as to which registration has been requested pursuant to the written contractual piggy-back registration rights of other shareholders of the Company, exceeds the Maximum Number of
Shares, then the Company shall include in any such registration: 
 (i) If the registration is undertaken for the Company’s
account: (A) first, the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been
reached under the foregoing clause (A), the shares of Common Stock, if any, including the Insider Shares as to which registration has been requested pursuant to written contractual piggy-back registration rights of security holders (pro rata
in accordance with the number of shares of Common Stock which each such person has actually requested to be included in such registration, regardless of the number of shares of Common Stock with respect to which such persons have the right to
request such inclusion) that can be sold without exceeding the Maximum Number of Shares; and 
 (ii) If the registration is a
“demand” registration undertaken at the demand of persons other than the holders of Insider Shares pursuant to written contractual arrangements with such persons, (A) first, the shares of Common Stock for the account of the demanding
persons that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities that the
Company desires 
  

 5 

 to sell that can be sold without exceeding the Maximum Number of Shares; and (C) third, to the extent that the
Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the Insider Shares as to which registration has been requested under this Section 2.2 (pro rata in accordance with the number of shares of
Insider Shares held by each such holder); and (D) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B) and (C), the shares of Common Stock, if any, as to which registration has
been requested pursuant to written contractual piggy-back registration rights which other shareholders desire to sell that can be sold without exceeding the Maximum Number of Shares. 
 2.2.3 Withdrawal. Any holder of Insider Shares may elect to withdraw such holder’s request for inclusion of Insider Shares in any Piggy-Back
Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the Registration Statement. The Company may also elect to withdraw a registration statement at any time prior to the effectiveness of the
Registration Statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders of Insider Shares in connection with such Piggy-Back Registration as provided in Section 3.3. 
 2.3 Registrations on Form S-3. A holder of Insider Shares may at any time and from time to time after the Release Date, request in writing that
the Company register the resale of any or all of such Insider Shares on Form S-3 or any similar short-form registration that may be available at such time (“Form S-3”); provided, however, that: (a) the Company
shall not be obligated to effect such request through an underwritten offering and (b) the Company shall not be obligated to effect such a request if the Company has within the preceding twelve (12)-month period effected two
(2) registrations on Form S-3. Upon receipt of such written request, the Company will promptly give written notice of the proposed registration to all other holders of Insider Shares and, as soon as practicable thereafter, effect the
registration of all or such portion of such holder’s or holders’ Insider Shares, as the case may be, as are specified in such request, together with all or such portion of the Insider Shares of any other holder or holders joining in such
request as are specified in a written request given within five (5) Business Days after receipt of such written notice from the Company; provided, however, that the Company shall not be obligated to effect any such registration
pursuant to this Section 2.3: (i) if Form S-3 is not available for such offering; or (ii) if the holders of the Insider Shares, together with the holders of any other securities of the Company entitled to inclusion in such
registration, propose to sell Insider Shares and such other securities (if any) at any aggregate price to the public of less than $500,000. Registrations effected pursuant to this Section 2.3 shall not be counted as Demand Registrations
effected pursuant to Section 2.1. 
 3. REGISTRATION PROCEDURES. 
 3.1 Filings; Information. Whenever the Company is required to effect the registration of any Insider Shares pursuant to Section 2, the Company
shall use commercially reasonable efforts to effect the registration and sale of such Insider Shares in accordance with the intended method(s) of distribution thereof as expeditiously as practicable, and in connection with any such request:

 3.1.1 Filing Registration Statement. The Company shall, as expeditiously as possible and in any event within sixty (60) days
after receipt of a request for a 
  

 6 

 CCMH Demand Registration, as the case may be, pursuant to Section 2.1, prepare and file with the Commission a
Registration Statement on any form for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for the sale of all Insider Shares to be registered thereunder in accordance with the
intended method(s) of distribution thereof, and shall use commercially reasonable efforts to cause such Registration Statement to become and remain effective for the period required by Section 3.1.3; provided, however, that the
Company shall have the right to defer any CCMH Demand Registration Statement, as the case may be, for up to thirty (30) days, and any Piggy-Back Registration for such period as may be applicable to deferment of any demand registration to which
such Piggy-Back Registration relates, in each case if the Company shall furnish to the holders a certificate signed by the Chief Executive Officer of the Company stating that, in the good faith judgment of the Board of Directors of the Company, it
would be materially detrimental to the Company and its shareholders for such Registration Statement to be effected at such time; provided further, however, that the Company shall not have the right to exercise the right set
forth in the immediately preceding proviso more than once in any 365-day period in respect of a CCMH Demand Registration, as the case may be, hereunder; provided, further, that the Insiders shall provide at least fifteen
(15) Business Days’ notice of the date on which they wish the Company to prepare and file a Registration Statement with the Commission. 
 3.1.2 Copies. The Company shall, prior to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to the holders of Insider Shares included in such registration, and such
holders’ legal counsel, copies of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all exhibits thereto and documents incorporated by reference therein),
the Prospectus included in such Registration Statement (including each preliminary Prospectus), and such other documents as the holders of Insider Shares included in such registration or legal counsel for any such holders may reasonably request in
order to facilitate the disposition of the Insider Shares owned by such holders. 
 3.1.3 Amendments and Supplements. The Company
shall prepare and file with the Commission such amendments, including post-effective amendments, and supplements to such Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement
effective and in compliance with the provisions of the Securities Act until all Insider Shares, and all other securities covered by such Registration Statement, have been disposed of in accordance with the intended method(s) of distribution set
forth in such Registration Statement (which period shall not exceed the sum of one hundred eighty (180) days plus any period during which any such disposition is interfered with by any stop order or injunction of the Commission or any
governmental agency or court) or such securities have been withdrawn. 
  

 7 

 3.1.4 Notification. After the filing of a Registration Statement, the Company shall promptly, and
in no event more than two (2) Business Days after such filing, notify the holders of Insider Shares included in such Registration Statement of such filing, and shall further notify such holders promptly and confirm such advice in writing in all
events within two (2) Business Days of the occurrence of any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective amendment to such Registration Statement becomes effective;
(iii) the issuance or threatened issuance by the Commission of any stop order (and the Company shall take all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request by the Commission for
any amendment or supplement to such Registration Statement or any Prospectus relating thereto or for additional information or of the occurrence of an event requiring the preparation of a supplement or amendment to such Prospectus so that, as
thereafter delivered to the purchasers of the securities covered by such Registration Statement, such Prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to
make the statements therein not misleading, and promptly make available to the holders of Insider Shares included in such Registration Statement any such supplement or amendment; except that before filing with the Commission a Registration Statement
or Prospectus or any amendment or supplement thereto, including documents incorporated by reference, the Company shall furnish to the holders of Insider Shares included in such Registration Statement and to the legal counsel for any such holders,
copies of all such documents proposed to be filed sufficiently in advance of filing to provide such holders and legal counsel with a reasonable opportunity to review such documents and comment thereon, and the Company shall not file any Registration
Statement or Prospectus or amendment or supplement thereto, including documents incorporated by reference, to which such holders or their legal counsel shall reasonably object. 
 3.1.5 State Securities Laws Compliance. The Company shall use commercially reasonable efforts to (i) register or qualify the Insider Shares
covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United States as the holders of Insider Shares included in such Registration Statement (in light of their intended plan of
distribution) may request and (ii) take such action necessary to cause such Insider Shares covered by the Registration Statement to be registered with or approved by such other Federal or State authorities as may be necessary by virtue of the
business and operations of the Company and do any and all other acts and things that may be necessary or advisable to enable the holders of Insider Shares included in such Registration Statement to consummate the disposition of such Insider Shares
in such jurisdictions; provided, however, that the Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3.1.5 or subject
itself to taxation in any such jurisdiction. 
 3.1.6 Agreements for Disposition. The Company shall enter into customary agreements
(including, if applicable, an underwriting agreement in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Insider Shares. The representations, warranties and covenants
of the Company in any underwriting agreement which are made to or for the benefit of any Underwriters, to the extent applicable, shall also be made to and for the benefit of the holders of Insider Shares included in such registration statement. For
the avoidance of doubt, the holders of Insider Shares may not require the Company to accept terms, conditions or provisions in any 
  

 8 

 such agreement which the Company determines is not reasonably acceptable to the Company, notwithstanding any agreement to
the contrary herein. No holder of Insider Shares included in such registration statement shall be required to make any representations or warranties in the underwriting agreement except as reasonably requested by the Company and, if applicable, with
respect to such holder’s organization, good standing, authority, title to Insider Shares, lack of conflict of such sale with such holder’s material agreements and organizational documents, and with respect to written information relating
to such holder that such holder has furnished in writing expressly for inclusion in such Registration Statement. 
 3.1.7
Cooperation. The principal executive officer of the Company, the principal financial officer of the Company, the principal accounting officer of the Company and all other officers and members of the management of the Company shall cooperate
fully in any offering of Insider Shares hereunder, which cooperation shall include, without limitation, the preparation of the Registration Statement with respect to such offering and all other offering materials and related documents, and
participation in meetings with Underwriters, attorneys, accountants and potential investors. Holders of Insider Shares shall not be required to make any representations or warranties to or agreements with the Company or the underwriters except as
they may relate to such holders and their intended methods of distribution. Such holders, however, shall agree to such covenants and indemnification and contribution obligations for selling stockholders as are customarily contained in agreements of
that type. Further, such holders shall cooperate fully in the preparation of the registration statement and other documents relating to any offering in which they include securities. Each holder shall also furnish to the Company such information
regarding itself, the Insider Shares held by such holder, and the intended method of disposition of such securities as shall be reasonably required to effect the registration of the Insider Shares. 
 3.1.8 Records. The Company shall make available for inspection by the holders of Insider Shares included in such Registration Statement, any
Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other professional retained by any holder of Insider Shares included in such Registration Statement or any Underwriter, all
financial and other records, pertinent corporate documents and properties of the Company, as shall be necessary to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply
all information reasonably requested by any of them in connection with such Registration Statement. 
 3.1.9 Opinions and Comfort
Letters. The Company shall furnish to each holder of Insider Shares included in any Registration Statement a signed counterpart, addressed to such holder, of (i) any opinion of counsel to the Company delivered to any Underwriter and
(ii) any comfort letter from the Company’s independent public accountants delivered to any Underwriter. In the event no legal opinion is delivered to any Underwriter, the Company shall furnish to each holder of Insider Shares included in
such Registration Statement, at any time that such holder elects to use a Prospectus, an opinion of counsel to the Company to the effect that the Registration Statement containing such Prospectus has been declared effective and that no stop order is
in effect. 
 3.1.10 Earnings Statement. The Company shall comply with all applicable rules and regulations of the Commission and the
Securities Act, and make available to 
  

 9 

 its shareholders, as soon as practicable, an earnings statement covering a period of twelve (12) months, beginning
within six (6) months after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder. 
 3.1.11 Listing. The Company shall use commercially reasonable efforts to cause all Insider Shares included in any registration to be listed on
such exchanges or otherwise designated for trading in the same manner as similar securities issued by the Company are then listed or designated or, if no such similar securities are then listed or designated, in a manner satisfactory to the holders
of a majority of the Insider Shares that are included in such registration. 
 3.2 Obligation to Suspend Distribution. Upon receipt of
any notice from the Company of the happening of any event of the kind described in Section 3.1.4(d), or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by the Company, pursuant to a
written insider trading compliance program adopted by the Company’s Board of Directors, of the ability of all “insiders” covered by such program to transact in the Company’s securities because of the existence of material
non-public information, each holder of Insider Shares included in any registration shall immediately discontinue disposition of such Insider Shares pursuant to the Registration Statement covering such Insider Shares until such holder receives the
supplemented or amended Prospectus contemplated by Section 3.1.4(d) or the restriction on the ability of “insiders” to transact in the Company’s securities is removed, as applicable, and, if so directed by the Company, each such
holder will deliver to the Company all copies, other than permanent file copies then in such holder’s possession, of the most recent Prospectus covering such Insider Shares at the time of receipt of such notice. 
 3.3 Registration Expenses. The Company shall bear all customary costs and expenses incurred in connection with any CCMH Demand Registration, as
the case may be, pursuant to Section 2.1, and any Piggy-Back Registration pursuant to Section 2.2, and all reasonable expenses incurred in performing or complying with its other obligations under this Agreement, whether or not the
Registration Statement becomes effective, including, without limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance with securities or “blue sky” laws (including fees and disbursements of counsel
in connection with blue sky qualifications of the Insider Shares, subject to the limit set forth in paragraph (ix) below); (iii) printing expenses; (iv) the Company’s internal expenses (including, without limitation, all salaries
and expenses of its officers and employees); (v) the fees and expenses incurred in connection with the listing of the Insider Shares, as required by Section 3.1.11; (vi) National Association of Securities Dealers, Inc. fees;
(vii) fees and disbursements of counsel for the Company and fees and expenses for independent certified public accountants retained by the Company (including the expenses or costs associated with the delivery of any opinions or comfort letters
requested pursuant to Section 3.1.9); (viii) the fees and expenses of any special experts retained by the Company in connection with such registration and (ix) the reasonable fees and expenses of one legal counsel selected by the
holders of a majority-in-interest of the Insider Shares that are included in such registration (not to exceed, including the fees and disbursements to counsel in paragraph (ii) above, $20,000). The Company shall have no obligation to pay any
underwriting discounts or selling commissions attributable to the Insider Shares being sold by the holders thereof, which underwriting discounts or selling commissions 
  

 10 

 shall be borne solely by such holders. Additionally, in an underwritten offering, all selling shareholders and the
Company shall bear the expenses of the underwriter pro rata in proportion to the respective amount of shares each is selling in such offering. 
 3.4 Information. The holders of Insider Shares shall provide such information as may reasonably be requested by the Company, or the managing Underwriter, if any, in connection with the preparation of any
Registration Statement, including amendments and supplements thereto, in order to effect the registration of any Insider Shares under the Securities Act pursuant to Section 2 and in connection with the Company’s obligation to comply with
federal and applicable state securities laws. 
 3.5 Holder Obligations. No holder of Insider Shares may participate in any
underwritten offering pursuant to this Section 3 unless such holder (i) agrees to sell only such holder’s Insider Shares on the basis reasonably provided in any underwriting agreement, and (ii) completes, executes and delivers
any and all questionnaires, powers of attorney, custody agreements, indemnities, underwriting agreements and other documents reasonably required by or under the terms of any underwriting agreement or as reasonably requested by the Company.

 4. INDEMNIFICATION AND CONTRIBUTION. 
 4.1 Indemnification by the Company. The Company agrees to indemnify and hold harmless each Insider and each other holder of Insider Shares, and each of their respective officers, employees, affiliates, directors, partners, members,
attorneys and agents, and each person, if any, who controls an Insider and each other holder of Insider Shares (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) (each, an “Insider
Indemnified Party”), from and against any expenses, losses, judgments, claims, damages or liabilities, whether joint or several, arising out of or based upon any untrue statement (or allegedly untrue statement) of a material fact contained
in any Registration Statement under which the sale of such Insider Shares was registered under the Securities Act, any preliminary Prospectus, final Prospectus or summary Prospectus contained in the Registration Statement, or any amendment or
supplement to such Registration Statement, or arising out of or based upon any omission (or alleged omission) to state a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as such
expense, loss, claim, damage or liability arises out of or is based upon any untrue statement or allegedly untrue statement or omission or alleged omission made in such Registration Statement, preliminary Prospectus, final Prospectus, or summary
Prospectus, or any such amendment or supplement, in reliance upon and in conformity with information furnished to the Company, in writing, by such selling holder expressly for use therein; provided, however, that the foregoing
indemnity shall not inure to the benefit of any holder (or to the benefit of any person controlling such holder) from whom the person asserting such losses, claims or liabilities purchased the Insider Shares, if a copy of the Prospectus (as then
amended or supplemented if the Company shall have furnished any amendments or supplements thereto) was not sent or given by or on behalf of such holder to such person, if required by law so to have been delivered at or prior to the written
confirmation of the sale of the Insider Shares to such person, and if the Prospectus (as so amended or supplemented) would have cured the defect giving rise to such losses, claims, damages or liabilities, unless such failure is the result of
noncompliance by the Company with Section 3.1.3 hereof. The Company also shall indemnify the Underwriter, their officers, employees, affiliates, 
  

 11 

 directors, partners, members, attorneys and agents, and each person who controls the Underwriter on substantially the
same basis as that of the indemnification provided above in this Section 4.1. 
 4.2 Indemnification by Holders of Insider
Shares. Each selling holder of Insider Shares will, with respect to any Registration Statement where Insider Shares were registered under the Securities Act, indemnify and hold harmless the Company, each of its directors and officers, and each
other person, if any, who controls the Company (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act), against any losses, claims, judgments, damages or liabilities, whether joint or several, insofar as
such losses, claims, judgments, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or allegedly untrue statement of a material fact contained in any Registration Statement under which the sale
of such Insider Shares was registered under the Securities Act, any preliminary Prospectus, final Prospectus or summary Prospectus contained in the Registration Statement, or any amendment or supplement to the Registration Statement, or arise out of
or are based upon any omission or the alleged omission to state a material fact required to be stated therein or necessary to make the statement therein not misleading, if the statement or omission was made in reliance upon and in conformity with
information furnished in writing to the Company by such selling holder expressly for use therein, and shall reimburse the Company, its directors and officers, and each such controlling person for any legal or other expenses reasonably incurred by
any of them in connection with investigation or defending any such loss, claim, damage, liability or action. Each selling holder’s indemnification obligations hereunder shall be several and not joint and shall be limited to the amount of any
net proceeds actually received by such selling holder. 
 4.3 Conduct of Indemnification Proceedings. Promptly after receipt by any
person of any notice of any loss, claim, damage or liability or any action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such person (the “Indemnified Party”) shall, if a claim in respect thereof
is to be made against any other person for indemnification hereunder, promptly notify such other person (the “Indemnifying Party”) in writing of the loss, claim, judgment, damage, liability or action. If the Indemnified Party is
seeking indemnification with respect to any claim or action brought against the Indemnified Party, then the Indemnifying Party shall be entitled to participate in such claim or action, and, to the extent that it elects, retain counsel reasonably
satisfactory to the Indemnified Party to represent the Indemnified Party, and any others the Indemnifying Party may designate in such proceeding and shall pay the reasonable fees and disbursements of such counsel related to such proceeding. In any
such proceeding, the Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnified Party and the Indemnifying Party shall
have mutually agreed to the retention of such counsel, or (ii) the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party and the Indemnifying Party and representation of both parties by the
same counsel would be inappropriate due to actual or potential differing interest between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or
there is a final judgment for the plaintiff, the Indemnifying Party agrees to indemnify the Indemnified Party from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an
Indemnified Party shall have requested an Indemnifying Party to reimburse the 
  

 12 

 Indemnified Party for fees and expenses of counsel as contemplated in this Section 4.3, the Indemnifying Party
agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than thirty (30) days after receipt by such Indemnifying Party of the aforesaid request,
and (ii) such Indemnifying Party shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement (other than reimbursement for fees and expenses the Indemnifying Party is contesting in good
faith). No Indemnifying Party shall, without the prior written consent of the Indemnified Party, consent to entry of judgment or effect any settlement of any claim or pending or threatened proceeding in respect of which the Indemnified Party is or
could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such judgment or settlement includes an unconditional release of such Indemnified Party from all liability arising out of such claim or
proceeding. 
 4.4 Contribution. 
 4.4.1 If the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect of any loss, claim, damage, liability or action referred to herein, then each such Indemnifying Party,
in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such loss, claim, damage, liability or action in such proportion as is appropriate to reflect the relative
benefits received by the Indemnified Parties on the one hand and the Indemnifying Parties on the other from the offering. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the
Indemnified Party failed to give the notice required under Section 4.3 above, then each Indemnifying Party shall contribute to such amount paid or payable by such Indemnified Party in such proportion as is appropriate to reflect not only such
relative benefits but also the relative fault of the Indemnified Parties on the one hand and the Indemnifying Parties on the other in connection with the actions or omissions which resulted in such loss, claim, damage, liability or action, as well
as any other relevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying Party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by such Indemnified Party or such Indemnifying Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. 
 4.4.2 The parties hereto agree that it would not be just and equitable if contribution pursuant to this
Section 4.4 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding Section 4.4.1. The amount paid or payable
by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by
such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 4.4, no holder of Insider Shares shall be required to contribute any amount in excess of the dollar
amount of the net proceeds (after payment of any underwriting fees, discounts, commissions or taxes) actually received by such holder from the sale of Insider Shares which gave rise to such contribution obligation. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
  

 13 

 5. UNDERWRITING AND DISTRIBUTION. 
 5.1 Rule 144. The Company covenants that it shall file any reports required to be filed by it under the Securities Act and the Exchange Act and
shall take such further action as the holders of Insider Shares may reasonably request, all to the extent required from time to time to enable such holders to sell Insider Shares without registration under the Securities Act within the limitation of
the exemptions provided by Rule 144 under the Securities Act, or any similar provision thereto, but not Rule 144A. 
 6. MISCELLANEOUS.

 6.1 Assignment; No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not
be assigned or delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of the holders of Insider Shares hereunder may be freely assigned or delegated by such holder of Insider Shares in conjunction with
and to the extent of any permitted transfer of Insider Shares by any such holder in accordance with applicable law. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and their
respective successors and the permitted assigns of the Insider or holder of Insider Shares or of any assignee of the Insider or holder of Insider Shares. This Agreement is not intended to confer any rights or benefits on any persons that are not
party hereto other than as expressly set forth in Section 4 and this Section 6.1. 
 6.2 Notices. All notices, demands,
requests, consents, approvals or other communications (collectively, “Notices”) required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall be personally served,
delivered by reputable air courier service with charges prepaid, or transmitted by hand delivery, telegram, telex or facsimile, addressed as set forth below, or to such other address as such party shall have specified most recently by written notice
provided in accordance with this Section 6.2. Notice shall be deemed given on the date of service or transmission if personally served or transmitted by telegram, telex or facsimile; provided, that if such service or transmission is not
on a Business Day or is after normal business hours, then such notice shall be deemed given on the next Business Day. Notice otherwise sent as provided herein shall be deemed given on the next Business Day following timely delivery of such notice to
a reputable air courier service with an order for next-day delivery. 
 To the Company: 
 Catalytic Capital Investment Corporation 
 100
Wilshire Boulevard, Suite 1100 
 Santa Monica, CA 90401 
 Attention: Chief Executive Officer 
  

 14 

 with a copy to: 
 Cooley Godward LLP 
 101 California Street, 5th Floor 
 San Francisco, CA 94111-5800 

Attention: Gian-Michele a Marca 
 and

 Cooley Godward LLP 
 Five Palo
Alto Square 
 3000 El Camino real 
 Palo Alto, CA 94306 
 Attention: Vincent P. Pangrazio 
 To an Insider, to the address set forth below such Insider’s name on the signature pages hereof. 
 6.3 Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a
provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 
 6.4
Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which taken together shall constitute one and the same instrument. 
 6.5 Entire Agreement. This Agreement (including all agreements entered into pursuant hereto and all certificates and instruments delivered
pursuant hereto and thereto) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede all prior and contemporaneous agreements, representations, understandings, negotiations and discussions between the
parties, whether oral or written. 
 6.6 Modifications and Amendments. No amendment, modification or termination of this Agreement
shall be binding upon any party unless executed in writing by such party. 
 6.7 Titles and Headings. Titles and headings of sections
of this Agreement are for convenience only and shall not affect the construction of any provision of this Agreement. 
 6.8 Waivers and
Extensions. Any party to this Agreement may waive any right, breach or default which such party has the right to waive, provided, that such waiver will not be effective against the waiving party unless it is in writing, is signed by such
party, and specifically refers to this Agreement. Waivers may be made in advance or after the right waived has arisen or the breach or default waived has occurred. Any waiver may be conditional. No waiver of any breach of any agreement or provision
herein contained shall be deemed a waiver of any preceding or succeeding breach thereof nor of any other agreement or provision herein contained. No waiver or extension of time for performance of any obligations or acts shall be deemed a waiver or
extension of the time for performance of any other obligations or acts. 
  

 15 

 6.9 Remedies Cumulative. In the event that the Company fails to observe or perform any covenant or
agreement to be observed or performed under this Agreement, the Insider or any other holder of Insider Shares may proceed to protect and enforce its rights by suit in equity or action at law, whether for specific performance of any term contained in
this Agreement or for an injunction against the breach of any such term or in aid of the exercise of any power granted in this Agreement or to enforce any other legal or equitable right, or to take any one or more of such actions, without being
required to post a bond. None of the rights, powers or remedies conferred under this Agreement shall be mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to any other right, power or remedy, whether
conferred by this Agreement or now or hereafter available at law, in equity, by statute or otherwise. 
 6.10 Governing Law. This
Agreement shall for all purposes be deemed to be made under and shall be construed in accordance with the laws of the State of California. Each of the parties hereby agrees that any action, proceeding or claim against it arising out of or relating
in any way to this Agreement shall be brought and enforced in the courts of the State of California or the United States District Court for the Southern District of California, and irrevocably submits to such jurisdiction, which jurisdiction shall
be exclusive. Each of the parties hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Without limiting the foregoing, the Company and the holders of the Insider Shares agree that service
of process at each parties respective addresses as provided for in Section 6.2 above shall be deemed effective service of process on such party. 
 6.11 Waiver of Trial by Jury. Each party hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim or other proceeding (whether based on contract, tort or
otherwise) arising out of, connected with or relating to this Agreement, the transactions contemplated hereby, or the actions of the Insider in the negotiation, administration, performance or enforcement hereof. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 16 

 IN WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be executed and
delivered by their duly authorized representatives as of the date first written above. 
  

			
	CATALYTIC CAPITAL INVESTMENT CORPORATION
		
	By:	 	  

	Name:	 	Russell I. Pillar
	Title:	 	Chief Executive Officer
	
	INSIDERS:
	
	CATALYTIC CAPITAL MANAGEMENT HOLDINGS, LLC
		
	By:	 	  

		 	Matthew G. Pillar
		 	Managing Member of Catalytic Capital LLC,
		 	the Managing Member of Catalytic Capital Management Holdings, LLC
	
	c/o Catalytic Capital LLC
	100 Wilshire Boulevard, Suite 1100
	Santa Monica, CA 90401

  

 1. 

 INSIDERS: 
  

									
	By:	 	  
	 		 	By:	 	  

		 	Russell I. Pillar	 		 		 	Dennis S. Bookshester
			
	c/o Catalytic Capital LLC	 		 	 c/o Catalytic Capital LLC
 100
Wilshire Boulevard, Suite 1100
 Santa Monica, CA 90401

	100 Wilshire Boulevard, Suite 1100	 		 
	Santa Monica, CA 90401	 		 
					
	By:	 	  
	 		 	By:	 	  

		 	Matthew G. Pillar	 		 		 	Michael T. Felix
			
	c/o Catalytic Capital LLC	 		 	 c/o Catalytic Capital LLC
 100
Wilshire Boulevard, Suite 1100
 Santa Monica, CA 90401

	100 Wilshire Boulevard, Suite 1100	 		 
	Santa Monica, CA 90401	 		 
					
	By:	 	  
	 		 	By:	 	  

		 	Jeffrey D. Goldstein	 		 		 	Sharon D. Garrett, Ph.D.
			
	c/o Catalytic Capital LLC	 		 	 c/o Catalytic Capital LLC
 100
Wilshire Boulevard, Suite 1100
 Santa Monica, CA 90401

	100 Wilshire Boulevard, Suite 1100	 		 
	Santa Monica, CA 90401	 		 
					
	By:	 	  
	 		 	By:	 	  

		 	Jonathan P. May	 		 		 	Jeffrey F. Rayport, Ph.D.
			
	c/o Catalytic Capital LLC	 		 	 c/o Catalytic Capital LLC
 100
Wilshire Boulevard, Suite 1100
 Santa Monica, CA 90401

	650 Madison Avenue, 9th Floor	 		 
	New York, NY 10022	 		 

  

 2.

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