Document:

EX-10.2

 Exhibit 10.2 

Execution Version 

TAX RECEIVABLE AGREEMENT 

among 
 ALIGHT, INC. 

and 
 THE PERSONS NAMED HEREIN

 Dated as of July 2, 2021 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 Article I
	 	DEFINITIONS	  	 	5	 
			
	 SECTION 1.1
	 	Definitions	  	 	5	 
			
	 Article II
	 	DETERMINATION OF CERTAIN REALIZED Tax BENEFIT	  	 	17	 
			
	 SECTION 2.1
	 	Basis Schedule	  	 	17	 
	 SECTION 2.2
	 	Tax Benefit Schedule	  	 	17	 
	 SECTION 2.3
	 	Procedures, Amendments	  	 	18	 
	 SECTION 2.4
	 	Section 754 Election	  	 	20	 
			
	 Article III
	 	TAX BENEFIT PAYMENTS	  	 	20	 
			
	 SECTION 3.1
	 	Payments	  	 	20	 
	 SECTION 3.2
	 	No Duplicative Payments	  	 	21	 
	 SECTION 3.3
	 	Pro Rata Payments	  	 	21	 
	 SECTION 3.4
	 	Payment Ordering	  	 	21	 
			
	 Article IV
	 	TERMINATION	  	 	22	 
			
	 SECTION 4.1
	 	Early Termination of Agreement; Breach of Agreement	  	 	22	 
	 SECTION 4.2
	 	Early Termination Notice	  	 	24	 
	 SECTION 4.3
	 	Payment upon Early Termination	  	 	24	 
			
	 Article V
	 	SUBORDINATION AND LATE PAYMENTS	  	 	25	 
			
	 SECTION 5.1
	 	Subordination	  	 	25	 
	 SECTION 5.2
	 	Late Payments by the Corporate Taxpayer	  	 	25	 
			
	 Article VI
	 	NO DISPUTES; CONSISTENCY; COOPERATION	  	 	26	 
			
	 SECTION 6.1
	 	Participation in the Corporate Taxpayer’s and OpCo’s Tax Matters	  	 	26	 
	 SECTION 6.2
	 	Consistency	  	 	26	 
	 SECTION 6.3
	 	Cooperation	  	 	26	 
			
	 Article VII
	 	MISCELLANEOUS	  	 	27	 
			
	 SECTION 7.1
	 	Notices	  	 	27	 
	 SECTION 7.2
	 	Counterparts	  	 	27	 
	 SECTION 7.3
	 	Entire Agreement; No Third Party Beneficiaries	  	 	28	 
	 SECTION 7.4
	 	Governing Law	  	 	28	 

  
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	 SECTION 7.5
	 	Severability.	  	 	28	 
	 SECTION 7.6
	 	Successors; Assignment; Amendments; Waivers	  	 	28	 
	 SECTION 7.7
	 	Interpretation	  	 	29	 
	 SECTION 7.8
	 	Waiver of Jury Trial; Jurisdiction	  	 	30	 
	 SECTION 7.9
	 	Reconciliation	  	 	30	 
	 SECTION 7.10
	 	Withholding	  	 	31	 
	 SECTION 7.11
	 	Admission of the Corporate Taxpayer into a Consolidated Group; Transfers of Corporate Assets	  	 	32	 
	 SECTION 7.12
	 	Confidentiality	  	 	33	 
	 SECTION 7.13
	 	TRA Party Representative	  	 	33	 

  

  
 - ii - 

 TAX RECEIVABLE AGREEMENT 

This TAX RECEIVABLE AGREEMENT (this “TRA Agreement”), is dated as of July 2, 2021, among Alight,
Inc., a Delaware corporation (the “Corporate Taxpayer”), Foley Trasimene Acquisition Corp., a Delaware corporation, (“SPAC”), Tempo Holding Company, LLC, a Delaware limited liability company
(“OpCo”), the TRA Parties, the TRA Party Representative, and each of the other Persons from time to time that become a party to this TRA Agreement. 

RECITALS 
 WHEREAS,
units in OpCo, which is classified as a partnership for United States federal income Tax purposes, are held directly or indirectly by the TRA Parties; 

WHEREAS, each of Tempo Blocker 1, Tempo Blocker 2, Tempo Blocker 3 and Tempo Blocker 4 (in each case, as defined in the Business
Combination Agreement) (collectively, the “Blockers”, and each, individually, a “Blocker”), is classified as an association taxable as a corporation for United States federal income Tax purposes; 

WHEREAS, (i) pursuant to the that certain Restructuring Agreement, dated as of July 2, 2021, among other things Blackstone
Capital Partners VII NQ L.P., a Delaware limited partnership, and Blackstone Capital Partners VII.2 NQ L.P., a Delaware limited partnership, each distributed OpCo units to Tempo Blocker 3 and Blackstone Management Associates VII NQ LLC
(“Blackstone GP”), and the equity holders of Tempo Blocker 3 contributed their equity in Tempo Blocker 3 to Blackstone Capital Partners VII (IPO) NQ L.P., a Delaware limited partnership (“BX Blocker
Feeder”), in exchange for interests therein and (ii) pursuant to another certain Restructuring Agreement, dated as of July 2, 2021, New Mountain Partners IV (AIV-E), L.P., a Delaware
limited partnership, distributed OpCo units to Tempo Blocker 5 (as defined in the Business Combination Agreement) and New Mountain Investments IV, L.L.C., a Delaware limited liability company (“NM GP”), NM GP and the equity
holders of Tempo Blocker 5 contributed to the newly formed Tempo Blocker 4, in exchange for interests therein, such Interests and equity in Tempo Blocker 5, respectively, and NM GP and such equity holders contributed such interests in Tempo Blocker
4 to New Mountain Partners IV (AIV-E2) L.P., a Delaware limited partnership (“NM Blocker Feeder”) in exchange for interests therein (the
“Pre-Closing Reorganization”); 
 WHEREAS, the Corporate Taxpayer,
OpCo, SPAC, Acrobat SPAC Merger Sub, Inc., a Delaware corporation and a wholly owned Subsidiary of Corporate Taxpayer, the Blocker Merger Subs, the Blockers and the other parties thereto entered into that certain Business Combination Agreement,
dated as of January 25, 2021 (the “Business Combination Agreement”), pursuant to which, among other things Acrobat SPAC Merger Sub, Inc. merged with and into SPAC, with SPAC surviving as a Subsidiary of Corporate
Taxpayer; 
 WHEREAS, pursuant to the Business Combination Agreement, among other things (a) SPAC formed a subsidiary
(Acrobat Merger Sub, LLC, a Delaware limited liability company) that merged with and into OpCo, with OpCo surviving, in connection with which (i) new classes of OpCo units were created, including Common Units,
Class B-1 Units, Class B-2 Units, Class B-3 Units, Class C Units,
Class Z-A Units, Class Z-B-1 Units and
Class Z-B-2 Units, 

  
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(ii) holders of OpCo common units (other than the Blockers) received, in exchange for such OpCo common units, Common Units, cash, Class B-1 Units, Class B-2 Units, Class Z-A Units, Class Z-B-1 Units and Class Z-B-2 Units and (iii) the Blockers received, in exchange for their OpCo common units, Common Units, Class B-1
Units, Class B-2 Units, Class Z-A Units, Class Z-B-1 Units and Class Z-B-2 Units, (b) each Blocker Merger Sub merged with and into the applicable Blocker, with such Blocker surviving, pursuant to which the Blocker Shareholders
received cash, shares of Class A Common Stock, shares of Class B-1 Common Stock, shares of Class B-2 Common Stock, shares of Class Z-A Common Stock, shares of Class Z-B-1 Common Stock and shares of Class Z-B-2 Common Stock (each a “Blocker Merger”), (c) the Blackstone GP contributed their Units to Corporate Taxpayer in exchange for shares of Class A Common Stock, shares
of Class B-1 Common Stock, shares of Class B-2 Common Stock, shares of Class Z-A Common Stock, shares of Class Z-B-1 Common Stock and shares of Class Z-B-2 Common Stock, (d) the
Founders (as such term is defined in the Business Combination Agreement) contributed their Class C Common Stock of SPAC to OpCo in exchange for Class C Units, and (e) the Corporate Taxpayer and SPAC contributed (or were deemed to
contribute) cash to OpCo in exchange for Common Units, the proceeds of which were used to pay OpCo debt and other expenses as described in the Business Combination Agreement (the transactions described in the foregoing clauses (a) through (e),
together with the Continuing Member Contribution (defined below), the “Purchase”); 
 WHEREAS, immediately
following the transactions described in clauses (a) through (e) of the definition of Purchase, each of the Continuing Member Contributors (as such term is defined in the Business Combination Agreement) contributed certain Common Units to the
Corporate Taxpayer in exchange for shares of Class A Common Stock pursuant to that certain Contribution and Exchange Agreement dated as of July 2, 2021 (the “Continuing Member Contribution”); 

WHEREAS, following the Purchase, the Corporate Taxpayer is the sole managing member of OpCo; 

WHEREAS, OpCo and each of its direct and indirect Subsidiaries that is treated as a partnership for U.S. federal income Tax purposes
will have in effect an election under Section 754 of the Code for each Taxable Year that includes the Closing Date and for each Taxable Year in which an Exchange occurs; 

WHEREAS, following the Closing, each Common Unit held by a TRA Party may be Exchanged, together with the surrender and delivery by such
holder of one share of Class V Common Stock, for one share of Class A Common Stock in accordance with and subject to the conditions and limitations in the LLC Agreement; 

WHEREAS, as a result of the Purchase and future Exchanges, the income, gain, loss, deduction, expense and other Tax items of the
Corporate Taxpayer may be affected by the (i) Blocker NOLs, (ii) Transferred Basis, (iii) Exchange Basis, (iv) Contribution Basis, (v) Exchange Basis Adjustments, (vi) Purchase Basis Adjustments, and (vii) any
deduction attributable to any payment (including amounts attributable to Imputed Interest) made under this TRA Agreement (collectively, the “Tax Attributes”); and 

  
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 WHEREAS, the parties to this TRA Agreement desire to provide for certain payments and
make certain arrangements with respect to the effect of the Tax Attributes on the liability for Taxes of the Corporate Taxpayer. 
 NOW,
THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth in this TRA Agreement, and intending to be legally bound hereby, the parties hereto agree as follows: 

ARTICLE I 

DEFINITIONS 

SECTION 1.1 Definitions. 

As used in this TRA Agreement, the terms set forth in this Article I shall have the following meanings. 

“Actual Tax Liability” means, with respect to any Taxable Year, an amount equal to the sum of (i) the actual
liability for U.S. federal income Taxes of the Corporate Taxpayer for such Taxable Year and, if applicable, determined in accordance with a Determination or Amended Schedule (including any interest and penalty imposed in respect thereof under
applicable law), and (ii) the product of (A) the actual amount of taxable income of the Corporate Taxpayer for U.S. federal income Tax purposes for such Taxable Year and, if applicable, determined in accordance with a Determination or
Amended Schedule and (B) the Blended Rate for such Taxable Year. 
 “Affiliate” of any particular Person means
any other Person controlling, controlled by or under common control with such Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the
ownership of voting securities, its capacity as a sole or managing member or otherwise, including any private equity fund now or hereafter existing that is controlled by one or more general partners or managing members of, or shares the same
management company with, such Person. For purposes of this TRA Agreement, no TRA Party shall be considered to be an Affiliate of the Corporate Taxpayer or OpCo. 

“Agreed Rate” means a per annum rate of LIBOR plus 100 basis points. 

“Amended Schedule” has the meaning set forth in Section 2.3(b). 

“Ancillary Agreements” has the meaning set forth in the Business Combination Agreement. 

“Attributable” means the portion of any Tax Attribute of the Corporate Taxpayer that is attributable to a TRA Party
(including, for the absence of doubt, the Blocker Shareholders and any present or former holder of OpCo units, including Blackstone GP, but excluding the Corporate Taxpayer and SPAC) and shall be determined by reference to the Tax Attributes, under
the following principles: 

  
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 (i) any Purchase Basis Adjustments shall be determined separately with
respect to each TRA Party and are Attributable to each TRA Party in an amount equal to the Purchase Basis Adjustments, if any, relating to the Units or OpCo units Purchased, directly or indirectly, from such TRA Party; provided, that any Purchase
Basis Adjustments relating to Blackstone GP shall be Attributable to BX Blocker Feeder; 
 (ii) any Exchange Basis and
Exchange Basis Adjustments shall be determined separately with respect to each Exchanging Member and are Attributable to each Exchanging Member in an amount equal to the total Exchange Basis and Exchange Basis Adjustments relating to such Units
Exchanged by such Exchanging Member; 
 (iii) any Blocker NOLs shall be determined separately with respect to each Blocker,
and are Attributable to the Blocker Shareholders of such Blocker (for the avoidance of doubt, any Blocker NOL relating to Tempo Blocker 4 or Tempo Blocker 5 shall be Attributable to NM Blocker Feeder); 

(iv) any Transferred Basis shall be determined separately with respect to each TRA Party that is a holder of Units or OpCo
units and is Attributable (a) to the Blocker Shareholders of each Blocker to the extent relating to such Blocker (for the avoidance of doubt, any Transferred Basis relating to Tempo Blocker 4 or Tempo Blocker 5 shall be Attributable to NM
Blocker Feeder), (b) to BX Blocker Feeder to the extent relating to Blackstone GP, and (c) to each TRA Party that is a holder of Units (other than the Blockers, the Blocker Shareholders or Blackstone GP), as the case may be; 

(v) any Contribution Basis shall be determined separately with respect to each TRA Party and is Attributable to each TRA Party
in proportion to the relative direct or indirect percentage interests of the TRA Parties in OpCo as of immediately prior to the Purchase; provided, that any Contribution Basis relating to Blackstone GP shall be Attributable to BX Blocker Feeder;

 (vi) any Transferred Basis relating to a present or former direct or indirect holder of OpCo units (excluding the
Corporate Taxpayer and SPAC) that is not a TRA Party shall be Attributable to each TRA Party in proportion to the relative direct or indirect percentage interests of the TRA Parties in OpCo as of immediately prior to the Purchase; provided, that any
such attribution relating to Blackstone GP’s relative percentage interest immediately prior to the Purchase shall be Attributable to BX Blocker Feeder; and 

(vii) any deduction to the Corporate Taxpayer with respect to a Taxable Year in respect of any payment (including amounts
attributable to Imputed Interest) made under this TRA Agreement is Attributable to the Person that is required to include such payment or such Imputed Interest in income (without regard to whether such Person is actually subject to Tax thereon).

 “Basis Adjustment” means a Purchase Basis Adjustment or an Exchange Basis Adjustment. 

“Basis Schedule” has the meaning set forth in Section 2.1. 

  
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 “Blended Rate” means, with respect to any Taxable Year, the sum of
the apportionment-weighted effective rates of Tax imposed on the aggregate net income of the Corporate Taxpayer in each U.S. state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum
effective rate in any state or local jurisdiction being equal to the product of (i) the apportionment factor on the income or franchise Corporate Taxpayer Return in such jurisdiction for such Taxable Year and (ii) the maximum applicable
corporate income Tax rate in effect in such jurisdiction in such Taxable Year. Exhibit B sets forth an illustrative example. 

“Blocker” has the meaning set forth in the Recitals. With respect to any Tax item or other appropriate matter relating
to Taxes, the term “Tempo Blocker 4” shall, as the context requires for purposes hereof, include Tempo Blocker 5 (as defined in the Business Combination Agreement). 

“Blocker Merger” has the meaning set forth in the Recitals. 

“Blocker Merger Sub” has the meaning set forth in the Business Combination Agreement. 

“Blocker NOLs” means the net operating losses, capital losses, disallowed interest expense carryforwards under
Section 163(j) of the Code, research and development credits, charitable deductions, foreign Tax credits, and any Tax attributes (subject to carryforward or otherwise), in each case of any Blocker relating to taxable periods ending on or prior
to the Closing Date; provided, however, that in order to determine whether any such Tax attribute is a Blocker NOL, the Taxable Year of the Corporate Taxpayer that includes the Closing Date shall be deemed to end as of the close of the
Closing Date. 
 “Blocker Shareholder” means, a Person who, immediately prior to the Blocker Mergers (and, for the
avoidance of doubt, following the Pre-Closing Reorganization), holds equity interests of the applicable Blocker, and as a result of the Blocker Mergers, holds Class A Common Stock. 

“Blocker Stock” means, with respect to any Blocker, the equity, membership interests or stock of such Blocker, as
applicable, outstanding immediately prior to the Blocker Mergers. 
 “Board” means the Board of Directors of the
Corporate Taxpayer. 
 “Breach Event” has the meaning set forth in Section 4.1(c). 

“Business Combination Agreement” has the meaning set forth in the Recitals. 

“Business Day” means any day except a Saturday, a Sunday or any other day on which commercial banks are required or
authorized to close in the State of New York. 
 “Change of Control” means the occurrence of any of the following
events: 

  
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 (i) any Person or any group of Persons acting together that would constitute
a “group” for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended or any successor provisions thereto, is or becomes the beneficial owner, directly or indirectly, of securities of the Corporate Taxpayer
representing more than 50% of the combined voting power of the Corporate Taxpayer’s then outstanding voting securities; or 

(ii) there is consummated a merger or consolidation of the Corporate Taxpayer with any other corporation or other entity, and,
immediately after the consummation of such merger or consolidation the voting securities of the Corporate Taxpayer immediately prior to such merger or consolidation do not continue to represent or are not converted into more than 50% of the combined
voting power of the then outstanding voting securities of the Person resulting from such merger or consolidation or, if the surviving company is a Subsidiary, the ultimate parent thereof; or 

(iii) the stockholders of the Corporate Taxpayer approve a plan of complete liquidation or dissolution of the Corporate
Taxpayer or there is consummated an agreement or series of related agreements for the sale, lease or other disposition, directly or indirectly, by the Corporate Taxpayer of all or substantially all of the Corporate Taxpayer’s direct or indirect
assets (including any direct or indirect assets of OpCo). 
 Notwithstanding the foregoing, a “Change of Control” shall not be
deemed to have occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the record holders of the shares of the Corporate Taxpayer immediately prior to such transaction or series of
transactions continue to have substantially the same proportionate ownership in, and voting control over, and own substantially all of the shares of, an entity which owns, directly or indirectly, all or substantially all of the assets of the
Corporate Taxpayer immediately following such transaction or series of transactions. 
 “Class A
Common Stock” has the meaning set forth in the LLC Agreement. 
 “Class B-1 Common Stock” has the meaning set forth in the LLC Agreement. 

“Class B-2 Common Stock” has the meaning set
forth in the LLC Agreement. 
 “Class C Unit” has the meaning set forth in the LLC
Agreement. 
 “Class V Common Stock” has the meaning set forth in the
LLC Agreement. 
 “Class Z-A Common
Stock” means “Company Class Z-A Common Stock” as that term is defined in the LLC Agreement. 

“Class 
Z-B-1 Common Stock” means “Company Class Z-B-1 Common Stock” as that term is defined in the LLC Agreement. 

  
 8 

 “Class Z-B-2 Common Stock” means “Company Class Z-B-2 Common Stock” as that term is defined in
the LLC Agreement. 
 “Closing” has the meaning set forth in the Business Combination Agreement. 

“Closing Date” has the meaning set forth in the Business Combination Agreement. 

“Code” means the United States Internal Revenue Code of 1986, as amended from time to time (or any corresponding
provisions of succeeding law). 
 “Common Unit” means Class A Unit, as defined in the LLC Agreement. 

“Contribution” means the contribution (or deemed contribution) of money or property by the Corporate Taxpayer
(including, for the avoidance of doubt, by SPAC) to OpCo in connection with the Closing. 
 “Contribution Basis”
means the share of Tax basis of the Reference Assets that are amortizable under Section 197 of the Code or that are otherwise amortizable or depreciable for United States federal (or applicable state or local) income Tax purposes relating to
the Contribution Units at the time of the Contribution. 
 “Contribution Units” means the Units acquired by the
Corporate Taxpayer (including, for the avoidance of doubt, SPAC) in the Contribution. 
 “Corporate Taxpayer” has
the meaning set forth in the Recitals; provided that, with respect to any Tax, Tax Return, Tax item, or other appropriate matter relating to Taxes, the term “Corporate Taxpayer” shall include any direct or indirect Subsidiary that
is a member of any consolidated, combined, unitary or similar group (including, after the Closing, SPAC and each of the Blockers) that join in filing any Tax Return with Corporate Taxpayer. 

“Corporate Taxpayer Return” means the United States federal, state or local Tax Return, as applicable, of the
Corporate Taxpayer filed with respect to Taxes of any Taxable Year. 
 “Cumulative Net Realized Tax Benefit” for a
Taxable Year means the cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporate Taxpayer, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same such Taxable Years. The
Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination; provided that the computation
of the Cumulative Net Realized Tax Benefit shall be adjusted to reflect any applicable Determination with respect to any Realized Tax Benefits and/or Realized Tax Detriments. 

“Default Rate” means a per annum rate of LIBOR plus 400 basis points. 

“Determination” shall have the meaning ascribed to such term in Section 1313(a) of the Code or similar
provision of state, local or foreign Tax law, as applicable, or any other event (including, without limitation, the execution of IRS Form 870-AD) that finally and conclusively establishes the amount of
any liability for Tax. 

  
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 “DGCL” means the General Corporation Law of the State of Delaware.

 “Early Termination Date” means the date of an Early Termination Notice for purposes of determining the Early
Termination Payment. 
 “Early Termination Effective Date” means the date on which an Early Termination Schedule
becomes binding pursuant to Section 4.2. 
 “Early Termination Notice” has the meaning set
forth in Section 4.2. 
 “Early Termination Payment” has the meaning set forth in
Section 4.3(b). 
 “Early Termination Rate” means (a) in respect of Tax Benefit
Payments resulting solely from the application of clause (5) of the Valuation Assumptions, a per annum rate of LIBOR and (b) in respect of all Tax Benefit Payments not described in the foregoing clause (a), a per annum rate of LIBOR plus
100 basis points. 
 “Early Termination Schedule” has the meaning set forth in
Section 4.2. 
 “Exchange” means a “Class A Exchange” as that term is
defined in the LLC Agreement, and “Exchanged” has a correlative meaning. 
 “Exchange Act”
has the meaning set forth in the LLC Agreement. 
 “Exchange Basis” means the Exchanging Member’s share of Tax
basis of the Reference Assets that are amortizable under Section 197 of the Code or that are otherwise amortizable or depreciable for United States federal (or applicable state or local) income Tax purposes relating to the Units transferred
upon an Exchange by such Exchanging Member. 
 “Exchange Basis Adjustment” means the adjustment to the Tax basis of
a Reference Asset under Sections 732, 734(b) and/or 1012 of the Code (in situations where, as a result of one or more Exchanges, OpCo becomes an entity that is disregarded as separate from its owner for United States federal income Tax
purposes) or under Sections 734(b), 743(b), 754 and/or 755 of the Code (in situations where, following an Exchange, OpCo remains in existence as an entity treated as a partnership for United States federal income Tax purposes) and, in each case, any
similar provision of state, local or foreign tax law, as a result of (i) an Exchange, (ii) the payments made pursuant to this TRA Agreement in respect of such Exchange, and (iii) the payments made pursuant to this TRA Agreement in
respect of Exchange Basis. The amount of any Exchange Basis Adjustment shall be determined using the Market Value with respect to such Exchange, except, for the avoidance of doubt, as otherwise required by a Determination. For the avoidance of
doubt, payments made under this TRA Agreement shall not be treated as resulting in an Exchange Basis Adjustment to the extent such payments are treated as Imputed Interest. 

“Exchange Date” means the date of any Exchange. 

“Exchanging Member” means a “Class A Exchanging Member” as that term is defined in the LLC Agreement.

  
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 “Expert” has the meaning set forth in
Section 7.9. 
 “Final Payment Date” means, with respect to any payment required to be
made pursuant to this TRA Agreement, the last date on which such payment may be made within the applicable time period prescribed for such payment under this TRA Agreement (i.e., the date on which such payment is due under this TRA Agreement). For
example, the Final Payment Date in respect of a Tax Benefit Payment is determined pursuant to Section 3.1(a) of this TRA Agreement. 

“Future TRAs” has the meaning set forth in Section 5.1. 

“Hypothetical Tax Liability” means, with respect to any Taxable Year, an amount, not less than zero, equal to the sum
of (i) the hypothetical liability for U.S. federal income Taxes of the Corporate Taxpayer for such Taxable Year and (ii) the product of (A) the hypothetical amount of taxable income of the Corporate Taxpayer for U.S. federal income
Tax purposes for such Taxable Year and (B) the Blended Rate for such Taxable Year, in each case determined using the same methods, elections, conventions and similar practices used on the relevant Corporate Taxpayer Return (taking into account
any modifications required by an applicable Determination or Amended Schedule), but (a) calculating depreciation, amortization or similar deductions and income, gain or loss using the Non-Adjusted Tax
Basis, the Non-Transferred Basis, the Non-Exchange Basis, and the Non-Contribution Basis, in each case, of the Reference Assets
as reflected on the Schedules including amendments thereto for such Taxable Year, (b) without taking into account any depreciation, amortization or similar deductions allocable to the Corporate Taxpayer (including under Section 704(c))
with respect to Contribution Basis, Exchange Basis or Transferred Basis, (c) without taking into account any Blocker NOLs and (d) excluding any deduction attributable to any payment (including amounts attributable to Imputed Interest) made
under this TRA Agreement for such Taxable Year. For the avoidance of doubt, Hypothetical Tax Liability shall be determined without taking into account the carryover or carryback of any Tax item (or portions thereof) that is attributable to a Tax
Attribute, as applicable. 
 “ICC” has the meaning set forth in Section 7.9. 

“Imputed Interest” in respect of a TRA Party shall mean any interest imputed under Section 1272, 1274 or 483 or
other provision of the Code and any similar provision of state and local Tax law with respect to the Corporate Taxpayer’s payment obligations in respect of such TRA Party under this TRA Agreement. 

“Interest Amount” has the meaning set forth in Section 3.1(b). 

“IRS” means the United States Internal Revenue Service. 

“LIBOR” means during any period, the rate which appears on the Bloomberg Page BBAM1 (or on such other substitute
Bloomberg page that displays rates at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market), or the rate which is quoted by another source selected by the Corporate Taxpayer as an authorized information
vendor for the purpose of displaying rates at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market (an “Alternate Source”), at approximately 11:00 a.m., London time, two
(2) Business Days prior to the first day of such period as the London interbank offered rate for U.S. dollars having a borrowing date and a maturity comparable to such 

  
 11 

 
period (or if there shall at any time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a comparable replacement rate determined by
the Corporate Taxpayer at such time, which determination shall be conclusive absent manifest error); provided that at no time shall LIBOR be less than 0%. If the Corporate Taxpayer has made the determination (such determination to be
conclusive absent manifest error) that LIBOR is no longer a widely recognized benchmark rate for newly originated loans in the U.S. loan market in U.S. dollars, then the Corporate Taxpayer shall, subject to the prior written consent of the TRA Party
Representative, which consent shall not be unreasonably withheld, conditioned or delayed, establish a replacement interest rate (the “Replacement Rate”), after giving due consideration to any evolving or then prevailing
conventions for similar loans in the U.S. loan market in U.S. dollars for such alternative benchmark, and including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then prevailing convention for
similar loans in the U.S. loan market in U.S. dollars for such benchmark, which adjustment, method for calculating such adjustment and benchmark shall be published on an information service as selected from time to time by the Corporate Taxpayer.
The Replacement Rate shall, subject to the next two sentences, replace LIBOR for all purposes under this TRA Agreement. In connection with the establishment and application of the Replacement Rate, this TRA Agreement shall be amended, with the
consent of the Corporate Taxpayer and OpCo, as necessary or appropriate, in the reasonable judgment of the Corporate Taxpayer, to replace the definition of LIBOR and otherwise to effect the provisions of this definition. The Replacement Rate shall
be applied in a manner consistent with market practice; provided that, in each case, to the extent such market practice is not administratively feasible for the Corporate Taxpayer, such Replacement Rate shall be applied as otherwise
reasonably determined by the Corporate Taxpayer. 
 “Liquidity Exceptions” has the meaning set forth in
Section 4.1(c). 
 “LLC Agreement” means the Second Amended and Restated Limited Liability
Company Agreement of OpCo, dated the date hereof, as such agreement may be further amended, restated, supplemented and/or otherwise modified from time to time in accordance with the terms of such agreement. 

“Mandatory Assignment” has the meaning set forth in Section 7.6(c). 

“Market Value” means, with respect to a Unit (a) Exchanged for a Stock Exchange Payment or that is subject to a
deemed Exchange under this TRA Agreement, the Stock Value on the Exchange Date or the date of the applicable deemed Exchange, as applicable, or (b) Exchanged for a Cash Exchange Payment, the amount of the Cash Exchange Payment paid in respect
of such Unit. 
 “Material Objection Notice” has the meaning set forth in Section 4.2.

 “Net Tax Benefit” has the meaning set forth in Section 3.1(b). 

“Non-Adjusted Tax Basis” means, with respect to any Reference Asset, the Tax
basis that such asset would have had if no Basis Adjustments had been made. 

“Non-Contribution Basis” means, with respect to any Reference Asset at the
time of the Contribution that is amortizable under Section 197 of the Code or that is otherwise amortizable or depreciable for United States federal (or applicable state or local) income Tax purposes, the Tax basis that such Reference Asset
would have had if the Contribution Basis of such Reference Asset at the time of the Contribution was equal to zero. 

  
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 “Non-Exchange Basis” means,
with respect to any Reference Asset at the time of an Exchange that is amortizable under Section 197 of the Code or that is otherwise amortizable or depreciable for United States federal (or applicable state or local) income Tax purposes, the
Tax basis that such Reference Asset would have had if the Exchange Basis at the time of such Exchange was equal to zero. 
 “Non-Transferred Basis” means, with respect to any Reference Asset at the time of the Purchase that is amortizable under Section 197 of the Code or that is otherwise amortizable or depreciable for
United States federal (or applicable state or local) income Tax purposes, the Tax basis that such Reference Asset would have had if such Transferred Basis at the time of the Purchase was equal to zero. 

“Non-Payment Default” has the meaning set forth in
Section 4.1(c). 
 “Objection Notice” has the meaning set forth in
Section 2.3(a). 
 “OpCo” has the meaning set forth in the Recitals. 

“Payment Default” has the meaning set forth in Section 4.1(c). 

“Person” means any natural person, sole proprietorship, partnership, trust, unincorporated association, corporation,
limited liability company, entity or governmental entity. 
 “Purchase” has the meaning set forth in the Recitals,
and “Purchased” has a correlative meaning. 
 “Purchase Basis Adjustment” means the
adjustment to the Tax basis of a Reference Asset under Sections 734(b), 743(b), 754 and/or 755 of the Code and, in each case, any similar provision of state, local or foreign tax law, as a result of (a) the Purchase (including, for the absence
of doubt, as a result of any (i) Blocker Merger or (ii) transfer or deemed transfer of Units or OpCo units in connection with the Closing), (b) the Pre-Closing Reorganization, (c) the payments
made pursuant to this TRA Agreement in respect of the Purchase, (d) the payments made pursuant to this TRA Agreement in respect of Contribution Basis, and (e) the payments made pursuant to this TRA Agreement in respect of Transferred
Basis. For the avoidance of doubt, payments made under this TRA Agreement shall not be treated as resulting in a Purchase Basis Adjustment to the extent such payments are treated as Imputed Interest. 

“Realized Tax Benefit” means, for a Taxable Year, the excess, if any, of the Hypothetical Tax Liability over the
Actual Tax Liability. If all or a portion of the Actual Tax Liability for the Taxable Year arises as a result of an audit or similar proceeding by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the
Realized Tax Benefit, unless and until there has been a Determination. 

  
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 “Realized Tax Detriment” means, for a Taxable Year, the excess, if
any, of the Actual Tax Liability over the Hypothetical Tax Liability. If all or a portion of the Actual Tax Liability for the Taxable Year arises as a result of an audit or similar proceeding by a Taxing Authority of any Taxable Year, such liability
shall not be included in determining the Realized Tax Detriment, unless and until there has been a Determination. 

“Reconciliation Dispute” has the meaning set forth in Section 7.9. 

“Reconciliation Procedures” has the meaning set forth in Section 2.3(a). 

“Reference Asset” means an asset that is held by OpCo, or by any of its direct or indirect Subsidiaries treated as a
partnership or disregarded entity (but only if such indirect Subsidiaries are held only through Subsidiaries treated as partnerships or disregarded entities) for purposes of the applicable Tax, at the time of the Purchase or an Exchange, as
relevant. A Reference Asset also includes any asset the Tax basis of which is determined, in whole or in part, for purposes of the applicable Tax, by reference to the Tax basis of an asset that is described in the preceding sentence, including, for
U.S. federal income Tax purposes, any asset that is “substituted basis property” under Section 7701(a)(42) of the Code with respect to a Reference Asset. 

“Schedule” means any of the following: (i) a Basis Schedule; (ii) a Tax Benefit Schedule; or (iii) the
Early Termination Schedule, and, in each case, any amendments thereto. 
 “Section 734(b)
Exchange” means any Basis Adjustment under Section 734(b) of the Code. 
 “Securities Act” has the
meaning set forth in the LLC Agreement. 
 “Senior Obligations” has the meaning set forth in
Section 5.1. 
 “Stock Exchange Payment” has the meaning set forth in the LLC Agreement.

 “Stock Value” means, on any date, (a) if the Class A Common Stock trades on a national securities
exchange (as defined in the LLC Agreement) or automated or electronic quotation system, the arithmetic average of the high trading price on such date (or if such date is not a Trading Day (as used in this definition, as defined in the LLC
Agreement), the immediately preceding Trading Day) and the low trading price on such date (or if such date is not a Trading Day, the immediately preceding Trading Day) or (b) if the Class A Common Stock is not then traded on a national
securities exchange or automated or electronic quotation system, as applicable, the Appraiser FMV (as defined in the LLC Agreement) on such date of one (1) share of Class A Common Stock that would be obtained in an arm’s-length transaction between an informed and willing buyer and an informed and willing seller, neither of whom is under any compulsion to buy or sell, respectively, and without regard to the particular
circumstances of the buyer or seller. 
 “Subsidiaries” means, of any Person, any corporation, association,
partnership, limited liability company or other business entity of which more than fifty percent (50%) of the voting power or equity is owned or controlled directly or indirectly by such Person, or one (1) or more of the Subsidiaries of such
Person, or a combination thereof. 

  
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 “Tax Attributes” has the meaning set forth in the Recitals. 

“Tax Benefit Payment” has the meaning set forth in Section 3.1(b). 

“Tax Benefit Schedule” has the meaning set forth in Section 2.2. 

“Tax Return” means any return, declaration, report, information returns, claims for refund, disclosures or similar
statement filed or required to be filed with respect to or in connection with Taxes (including any related or supporting schedules, attachments, statements or information filed or required to be filed with respect thereto), including any amendments
thereof and declarations of estimated Tax. 
 “Taxable Year” means a taxable year of the Corporate Taxpayer as
defined in Section 441(b) of the Code or comparable section of state or local Tax law, as applicable (and which may include a period of more or less than twelve (12) months for which a Tax Return is made), ending on or after the
Closing Date. 
 “Tax Item” means any item of loss, deduction, credit, carryforward or other similar attribute that
has the effect of reducing income Taxes paid or payable. 
 “Taxes” means any and all United States federal, state,
local and foreign taxes, assessments or similar charges that are based on or measured with respect to net income or profits (including franchise taxes that are based on or measured with respect to net income or profits), and any interest related to
such Tax. 
 “Taxing Authority” means any domestic, federal, national, state, county or municipal or other local
government, any subdivision, agency, commission or authority thereof, or any quasi-governmental body, in each case, exercising any taxing authority or any other authority or jurisdiction of any kind in relation to Tax matters. 

“TRA Agreement” has the meaning set forth in the Recitals. 

“TRA Party” means the parties set forth on Schedule A hereto. 

“TRA Party Representative” means, initially, Blackstone Capital Partners VII NQ L.P., and thereafter, that TRA Party
or committee of TRA Parties determined from time to time by a plurality vote of the TRA Parties ratably in accordance with their right to receive Early Termination Payments hereunder if the Corporate Taxpayer had exercised its right of early
termination on the date of the most recent Exchange. 
 “Transfer” has the meaning set forth in the LLC Agreement
and the terms “Transferee,” “Transferor,” “Transferred,” and other forms of the word “Transfer” shall have the correlative meanings. 

“Transferred Basis” means the share of Tax basis of the Reference Assets as of the Closing Date that are amortizable
under Section 197 of the Code or that are otherwise amortizable or depreciable for United States federal (or applicable state or local) income Tax purposes relating to (a) with respect to the Blockers, the Units or OpCo units held by the
applicable Blocker acquired (or deemed acquired) directly or indirectly by the Corporate Taxpayer in the Purchase or (b) with respect to Units or OpCo units held by Persons other than the Blockers, such Units or OpCo units to the extent
acquired (or deemed acquired) directly or indirectly by the Corporate Taxpayer in the Purchase. 

  
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 “Treasury Regulations” means the final, temporary and proposed
regulations under the Code promulgated from time to time (including corresponding provisions and succeeding provisions) as in effect for the relevant taxable period. 

“Units” has the meaning set forth in the LLC Agreement. 

“Valuation Assumptions” means, as of an Early Termination Date, the assumptions that in each Taxable Year ending on or
after such Early Termination Date, (1) the Corporate Taxpayer will have taxable income sufficient to fully utilize Tax Items arising from the Tax Attributes (other than any items addressed in clause (2) below) during such Taxable Year or
future Taxable Years (including Tax Items arising from Basis Adjustments and Imputed Interest that would result from the applicable future payments made under this TRA Agreement that would be paid in accordance with the Valuation Assumptions,
further assuming that such applicable future payments would be paid on the due date, without extensions, for filing the Corporate Taxpayer Return for the applicable Taxable Year) in which such Tax Items would become available, (2) any Blocker
NOLs or carryovers generated by deductions or expenses arising from any Tax Attributes or Imputed Interest that are available as of such Early Termination Date will be fully utilized by the Corporate Taxpayer on a pro rata basis from such
Early Termination Date through the earlier of (A) the scheduled expiration date (if any) of such Blocker NOLs and/or carryovers or (B) the fifth (5th) anniversary of the Early Termination Date, (3) the United States federal, state and
local income Tax rates that will be in effect for each such Taxable Year will be those specified for each such Taxable Year by the Code and other law as in effect on the Early Termination Date and the Blended Rate will be calculated based on such
rates and the apportionment factors applicable in the most recently ended Taxable Year, except to the extent any change to such Tax rates for such Taxable Year have already been enacted into law, (4) any
non-amortizable or non-depreciable Reference Assets will be deemed to be disposed of for an amount sufficient to fully utilize the Exchange Basis, Contribution Basis,
Transferred Basis and Basis Adjustment with respect to such Reference Asset, on the later of (i) the fifteenth (15th) anniversary of the Closing or (ii) the Early Termination Date, provided that in the event of a Change of Control, such
Reference Assets shall be deemed disposed of at the time of sale (for U.S. federal income tax purposes) of the relevant asset (if otherwise earlier than the time generally provided for in this clause (4)), and (5) if, on the Early Termination
Date, there are Units that have not been Exchanged, then each such Unit shall be deemed Exchanged for the Market Value (as determined in accordance with clause (a) of the definition thereof) that would be transferred if the Exchange occurred on
the Early Termination Date. 

  
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 ARTICLE II 

DETERMINATION OF CERTAIN REALIZED TAX BENEFIT 

SECTION 2.1 Basis Schedule. Within ninety (90) calendar days after the due date (including
extensions) of IRS Form 1120 (or any successor form) of the Corporate Taxpayer for each relevant Taxable Year, the Corporate Taxpayer shall deliver to the TRA Party Representative a schedule (the “Basis Schedule”) that
shows, in reasonable detail necessary to perform the calculations required by this TRA Agreement, (i) the actual Tax basis and the Non-Adjusted Tax Basis of the Reference Assets as of the Closing Date and
the date of any Exchange made during such Taxable Year, (ii) the Exchange Basis and the Exchange Basis Adjustments Attributable to a TRA Party as a result of Exchanges effected by such TRA Party in such Taxable Year, (iii) the Purchase
Basis Adjustments Attributable to a TRA Party in such Taxable Year, (iv) the Blocker NOLs Attributable to a TRA Party for the Taxable Year of the Closing that have not been previously utilized by the Corporate Taxpayer, (v) the Transferred
Basis and Contribution Basis, in each case Attributable to a TRA Party, that has not been previously taken into account by the Corporate Taxpayer, (vi) the period (or periods) over which the Reference Assets in respect of such TRA Party are
amortizable and/or depreciable, and (vii) the period (or periods) over which the Transferred Basis, the Contribution Basis, each Contribution Basis Adjustment, the Exchange Basis, each Exchange Basis Adjustment, and each Purchase Basis
Adjustment in respect of such TRA Party are amortizable and/or depreciable, in each case, calculated in the aggregate for all TRA Parties and solely with respect to the TRA Party to which such Basis Schedule is delivered. Each Basis Schedule shall
become final as provided in Section 2.3(a) and may be amended as provided in Section 2.3(b) (subject to the procedures set forth in Section 2.3(b)). 

SECTION 2.2 Tax Benefit Schedule. 

(a) Tax Benefit Schedule. Within ninety (90) calendar days after the due date (including extensions) of IRS Form 1120 (or any
successor form) of the Corporate Taxpayer for any Taxable Year in which there is a Realized Tax Benefit or a Realized Tax Detriment Attributable to a TRA Party, the Corporate Taxpayer shall provide to the TRA Party Representative a schedule showing,
in reasonable detail necessary to perform the calculations required by this TRA Agreement, the calculation of the Tax Benefit Payment (and any Realized Tax Benefit) or the lack of a Tax Benefit Payment (and any Realized Tax Detriment), as
applicable, Attributable to the TRA Parties for such Taxable Year (a “Tax Benefit Schedule”). Each Tax Benefit Schedule shall become final as provided in Section 2.3(a) and may be amended as
provided in Section 2.3(b) (subject to the procedures set forth in Section 2.3(b)). 

(b) Applicable Principles. 

(i) Subject to Section 3.3, the Realized Tax Benefit (or the Realized Tax Detriment) for each Taxable Year is intended
to measure the decrease (or increase) in the actual liability for Taxes of the Corporate Taxpayer for such Taxable Year attributable to the Tax Attributes, determined using a “with and without” methodology. Carryovers or carrybacks of any
Tax item attributable to any of the Tax Attributes shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of United States state and local income and franchise Tax law, as
applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any Tax item includes a portion that is attributable to any Tax Attribute and another portion that is not, such
portions shall be considered to be used in accordance with the “with and without” methodology (for the absence of doubt, as if the portion that is not attributable to any Tax Attribute is deemed utilized first followed by the portion that
is attributable to any Tax Attribute). The parties agree, except as 

  
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required by law, that (A) all payments made pursuant to this TRA (other than Imputed Interest) Attributable to TRA Parties that are Blocker Shareholders will be treated as additional
consideration received in exchange for shares of Blocker Stock in the Purchase, (B) subject to clause (A), all payments made pursuant to this TRA (other than Imputed Interest) attributable to Transferred Basis, Exchange Basis, Contribution
Basis or Basis Adjustments will be treated as subsequent upward purchase price adjustments that have the effect of creating additional Basis Adjustments to Reference Assets for the Corporate Taxpayer in the year of payment, and as a result, such
additional Basis Adjustments will be incorporated into the current year calculation and into future year calculations, as appropriate, and (C) the Actual Tax Liability will take into account the deduction of the portion any payment made
pursuant to this TRA that must be accounted for as Imputed Interest under applicable law. 
 (ii) Notwithstanding any
provisions to the contrary in this TRA Agreement, the foregoing treatment set out in Section 2.2(b)(i)(B) shall not be required to apply to payments hereunder to a TRA Party in respect of a Section 734(b) Exchange by
such TRA Party. For the avoidance of doubt, payments made under this TRA Agreement relating to a Section 734(b) Exchange shall not be treated as resulting in a Basis Adjustment to the extent such payments are treated as Imputed Interest. The
parties intend that (A) a TRA Party that has made a Section 734(b) Exchange shall, with respect to the Basis Adjustment resulting from such Section 734(b) Exchange or any payments hereunder in respect of such Section 734(b)
Exchange, be entitled to Tax Benefit Payments attributable to such Basis Adjustment only to the extent such Basis Adjustment is allocable to the Corporate Taxpayer immediately following such Section 734(b) Exchange (without taking into account
any concurrent or subsequent Exchanges) and (B) if, as a result of a subsequent Exchange, an increased portion of the Basis Adjustments resulting from such Section 734(b) Exchange or any payments hereunder in respect of such
Section 734(b) Exchange becomes allocable to the Corporate Taxpayer, then the TRA Party that makes such subsequent Exchange shall be entitled to a Tax Benefit Payment calculated in respect of such increased portion. For purposes of this TRA
Agreement, such Basis Adjustments resulting from subsequent Section 734(b) Exchanges as described in (B) in the previous sentence shall be reported and treated as Exchange Basis Adjustments for purposes of this TRA Agreement. 

SECTION 2.3 Procedures, Amendments. 

(a) Procedure. Every time the Corporate Taxpayer delivers to the TRA Party Representative an applicable Schedule under this TRA
Agreement, including any Amended Schedule delivered pursuant to Section 2.3(b), and any Early Termination Schedule or amended Early Termination Schedule, the Corporate Taxpayer shall also (x) deliver to the TRA Party
Representative supporting schedules and work papers, as determined by the Corporate Taxpayer or as reasonably requested by the TRA Party Representative, providing reasonable detail regarding data and calculations that were relevant for purposes of
preparing the Schedule, and (y) allow the TRA Party Representative or any TRA Party and their advisors reasonable access, at no cost to the Corporate Taxpayer or its appropriate representatives, as determined by the Corporate Taxpayer or as
reasonably requested by such TRA Party Representative or TRA Party. Without limiting the generality of the preceding sentence, the Corporate Taxpayer shall ensure that any Tax Benefit 

  
 18 

 
Schedule or Early Termination Schedule that is delivered to the TRA Party Representative, along with any supporting schedules and work papers, provides a reasonably detailed presentation of the
calculation of the Actual Tax Liability and the Hypothetical Tax Liability and identifies any material assumptions or operating procedures or principles that were used for purposes of such calculations. An applicable Schedule or amendment thereto
shall become final and binding on all parties thirty (30) calendar days from the date on which the TRA Party Representative has been given the applicable Schedule or amendment thereto under Section 7.1, unless the TRA Party
Representative (i) within thirty (30) calendar days from such date gives the Corporate Taxpayer written notice of a material objection to such Schedule or amendment thereto made in good faith (“Objection Notice”),
or (ii) provides a written waiver of its right to give an Objection Notice within the period described in clause (i) above, in which case such Schedule or amendment thereto shall become binding on the date such waiver is received by the
Corporate Taxpayer. If the Corporate Taxpayer and the TRA Party Representative, for any reason, are unable to successfully resolve the issues raised in the Objection Notice within thirty (30) calendar days after receipt by the Corporate
Taxpayer of such Objection Notice, the Corporate Taxpayer and the TRA Party Representative shall employ the reconciliation procedures described in Section 7.9 (the “Reconciliation Procedures”), in
which case such Schedule or Amended Schedule shall become binding in accordance with Section 7.9. The TRA Party Representative (at the expense of the applicable TRA Parties) will represent the interests of each of the TRA
Parties and shall use reasonable efforts to raise and pursue, in accordance with this Section 2.3(a), any reasonable objection to a Schedule or amendment thereto timely given in writing to the TRA Party Representative by a
TRA Party. 
 (b) Amended Schedule. The applicable Schedule for any Taxable Year may be amended from time to time by the Corporate
Taxpayer (i) in connection with a Determination affecting such Schedule, (ii) to correct material inaccuracies in the Schedule, including those identified as a result of the receipt of additional factual information relating to a Taxable
Year after the date the Schedule was provided to the TRA Party Representative, (iii) to comply with an Expert’s determination under the Reconciliation Procedures, (iv) to reflect a change in the Realized Tax Benefit, or the Realized
Tax Detriment for such Taxable Year attributable to a carryback or carryforward of a loss or other Tax item to such Taxable Year, (v) to reflect a change in the Realized Tax Benefit or the Realized Tax Detriment for such Taxable Year
attributable to an amended Tax Return filed for such Taxable Year or (vi) to adjust an applicable TRA Party’s Basis Schedule to take into account payments made pursuant to this TRA Agreement (any such Schedule, an “Amended
Schedule”). The Corporate Taxpayer shall provide an Amended Schedule to the TRA Party Representative when the Corporate Taxpayer delivers the Basis Schedule for the following Taxable Year. In the event a Schedule is amended after such
Schedule becomes final pursuant to Section 2.3(a) or, if applicable, Section 7.9, (A) the Amended Schedule shall not be taken into account in calculating any Tax Benefit Payment in the
Taxable Year to which the amendment relates but instead shall be taken into account in calculating the Cumulative Net Realized Tax Benefit for the Taxable Year in which the amendment actually occurs, and (B) as a result of the foregoing, any
increase of the Net Tax Benefit attributable to an Amended Schedule shall not accrue the Interest Amount (or any other interest hereunder) until after the due date (without extensions) for filing IRS Form 1120 (or any successor form) of the
Corporate Taxpayer with respect to Taxes for the Taxable Year in which the amendment actually occurs. 

  
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 SECTION 2.4 Section 754
Election. 
 For the Taxable Year that includes the date hereof and for each Taxable Year in which an Exchange occurs and with
respect to which the Corporate Taxpayer has obligations under this TRA Agreement, the Corporate Taxpayer, in its capacity as the sole managing member of OpCo, shall (i) ensure that OpCo will, and (ii) ensure that each of OpCo’s direct
and indirect Subsidiaries that is treated as a partnership for U.S. federal income Tax purposes will, in each case, have in effect a valid election under Section 754 of the Code (and under any similar provisions of applicable U.S. state or
local law) for each such Taxable Year. 
 ARTICLE III 

TAX BENEFIT PAYMENTS 

SECTION 3.1 Payments. 

(a) Payments. Within ten (10) Business Days after a Tax Benefit Schedule delivered to the TRA Party Representative becomes final in
accordance with Section 2.3(a) or, if applicable, Section 7.9, the Corporate Taxpayer shall pay such TRA Party for such Taxable Year the Tax Benefit Payment determined pursuant to
Section 3.1(b) that is Attributable to the relevant TRA Party. Each such Tax Benefit Payment shall be made by wire transfer of immediately available funds to the bank account previously designated by such TRA Party to
the Corporate Taxpayer or as otherwise agreed by the Corporate Taxpayer and such TRA Party. The payments provided for pursuant to the above sentence shall be computed separately for each TRA Party. No TRA Party shall be required to make a payment or
return a payment to the Corporate Taxpayer in respect of any portion of any Tax Benefit Payment previously paid to such TRA Party (including any portion of any Early Termination Payment); provided, however, that for the avoidance of doubt, if the
Corporate Taxpayer makes a payment to a TRA Party under this Agreement in an amount that exceeds the amount that should have been paid to such TRA Party, then the amount of such excess shall offset and reduce, dollar-for-dollar, any future payments payable to such TRA Party under this Agreement. The TRA Parties acknowledge and agree that, as of the date of this TRA Agreement and as of the date of any future
Exchange that may be subject to this TRA Agreement, the aggregate value of the Tax Benefit Payments cannot be reasonably ascertained for U.S. federal income or other applicable tax purposes. Notwithstanding anything to the contrary in this TRA
Agreement, unless the applicable TRA Party notifies the Corporate Taxpayer otherwise, the stated maximum selling price (within the meaning of Treasury Regulation 15A.453-1(c)(2)) (A) with respect to the
Blocker Mergers (including amounts payable to the Blocker Shareholders pursuant to this TRA Agreement) shall not exceed sum of (I) the Stock Value of the Class A Common Stock delivered to the Blocker Shareholders in the Blocker Mergers on
the closing date of such Blocker Mergers, (II) the amount of cash, if any, delivered to the Blocker Shareholders in the Blocker Mergers plus (III) 46.75% of Blocker NOLs and (as applicable) the Transferred Basis, and the aggregate payments
under this TRA Agreement to such Blocker Shareholders (other than amounts accounted for as interest under the Code) shall not exceed the amount described in this clause (III) and (B) with respect to any transfer (or deemed transfer) of Units or
OpCo units by a TRA Party (other than the Blocker Shareholders) pursuant to the Purchase or an Exchange shall not exceed the sum of (I) the value of the Common Units or the Class A Common Stock (in each case based on the Stock Value of the
Class A Common Stock) and the amount of cash delivered to the TRA Party plus (II) 87.79% of all Exchange Basis, Contribution Basis, Transferred Basis and Basis Adjustments arising therefrom, and the aggregate payments under this TRA Agreement
to such TRA Party (other than amounts accounted for as interest under the Code) shall not exceed the amount described in this clause (II). 

  
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 (b) A “Tax Benefit Payment” in respect of a TRA Party for a Taxable
Year means an amount, not less than zero, equal to the sum of (i) the Net Tax Benefit that is Attributable to such TRA Party and (ii) the Interest Amount with respect thereto. Subject to Section 3.3, the
“Net Tax Benefit” for a Taxable Year shall be an amount equal to the excess, if any, of eighty-five percent (85%) of the Cumulative Net Realized Tax Benefit as of the end of such Taxable Year, over the total amount of
payments previously made under the first sentence of Section 3.1(a) (excluding payments attributable to Interest Amounts). The “Interest Amount” shall equal the interest on the Net Tax Benefit
calculated at the Agreed Rate from the due date (without extensions) for filing IRS Form 1120 (or any successor form) of the Corporate Taxpayer with respect to Taxes for the applicable Taxable Year until the payment date under
Section 3.1(a). 
 SECTION 3.2 No Duplicative Payments. It is intended
that the provisions of this TRA Agreement will not result in duplicative payment of any amount (including interest) required under this TRA Agreement. For purposes of this TRA Agreement, no Tax Benefit Payment shall be based on estimated Tax
payments, including United States federal estimated income Tax payments. The provisions of this TRA Agreement shall be construed in the appropriate manner to ensure such intentions are realized. 

SECTION 3.3 Pro Rata Payments. Notwithstanding anything in Section 3.1 to
the contrary, to the extent that the aggregate Realized Tax Benefit of the Corporate Taxpayer with respect to the Tax Attributes is limited in a particular Taxable Year because the Corporate Taxpayer does not have sufficient taxable income, the Net
Tax Benefit for the Corporate Taxpayer shall be allocated among all parties eligible for Tax Benefit Payments under this TRA Agreement in proportion to the amounts of Net Tax Benefit, respectively, that would have been Attributable to each TRA Party
if the Corporate Taxpayer had sufficient taxable income so that there were no such limitation. 
 SECTION 3.4
Payment Ordering. If for any reason the Corporate Taxpayer does not fully satisfy its payment obligations to make all Tax Benefit Payments due under this TRA Agreement in respect of a particular Taxable Year, then the Corporate
Taxpayer and the TRA Parties agree that (i) Tax Benefit Payments for such Taxable Year shall be allocated to all parties eligible for Tax Benefit Payments under this TRA Agreement in proportion to the amounts of Net Tax Benefit, respectively,
that would have been Attributable to each TRA Party if the Corporate Taxpayer had sufficient cash available to make such Tax Benefit Payments and (ii) no Tax Benefit Payments shall be made in respect of any Taxable Year until all Tax Benefit
Payments to all TRA Parties in respect of all prior Taxable Years have been made in full. 

  
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 ARTICLE IV 

TERMINATION 

SECTION 4.1 Early Termination of Agreement; Breach of Agreement. 

(a) Corporate Taxpayer’s Early Termination Right. The Corporate Taxpayer may terminate this TRA Agreement (including with respect
to all amounts payable to the TRA Parties and with respect to all of the Units held by the TRA Parties, subject to the immediately succeeding sentence) at any time by paying to each TRA Party the entire Early Termination Payment in respect of such
TRA Party; provided, however, that this TRA Agreement shall terminate only upon the receipt by each TRA Party of its respective entire Early Termination Payment and payments described in the next sentence, if any, and provided,
further that the Corporate Taxpayer may withdraw any notice to execute its termination rights under this Section 4.1(a) prior to the time at which any Early Termination Payment has been paid in its entirety. Upon
payment of the entire Early Termination Payment by the Corporate Taxpayer to all of the TRA Parties, none of the TRA Parties or the Corporate Taxpayer shall have any further payment rights or obligations under this TRA Agreement, other than with
respect to any (i) any Tax Benefit Payments due and payable and that remain unpaid as of the Early Termination Date (which Tax Benefit Payments shall not be included in the Early Termination Payments) and as of the date of payment of the Early
Termination Payment and (ii) any Tax Benefit Payments due for the Taxable Year ending immediately prior to or including the Early Termination Date (except to the extent that the amounts described in this clause (ii) are included in the the
Early Termination Payment); provided that upon payment in full of all amounts to all TRA Parties, to the extent applicable and without duplication, described in this Section 4.1(a), this TRA Agreement shall
terminate. For the avoidance of doubt, if an Exchange occurs after the Corporate Taxpayer has made all of the required Early Termination Payments described herein, the Corporate Taxpayer shall have no obligations under this TRA Agreement with
respect to such Exchange. 
 (b) Acceleration Upon Change of Control. In the event of a Change of Control, the Corporate Taxpayer
shall provide at least 30 days’ prior written notice of such Change of Control to the TRA Parties, and the TRA Party Representative shall have the option, upon written notice to the Corporate Taxpayer, to cause the acceleration of the unpaid
payment obligations as calculated in accordance with this Section 4.1(b), and such payment obligations shall be calculated as if an Early Termination Notice had been delivered on the date of such Change of Control and shall
include, without duplication: (i) the Early Termination Payments calculated with respect to such TRA Parties as if the Early Termination Date is the date of such Change of Control; (ii) any Tax Benefit Payments due and payable and that
remain unpaid as of the date of such Change of Control; and (iii) any Tax Benefit Payments due for the Taxable Year ending immediately prior to or including the date of such Change of Control; provided that the procedures of
Section 4.2 (and Section 2.3, to the extent applicable) and Section 4.3 shall apply mutatis mutandis with respect to the determination of the amount payable by the
Corporate Taxpayer pursuant to this sentence and the payment thereof. In the event of an acceleration following a Change of Control, any Early Termination Payment described in the preceding sentence shall be calculated utilizing the Valuation
Assumptions, substituting in each case the terms “date of a Change of Control” for “Early Termination Date.” For the avoidance of doubt, if an Exchange occurs after the Corporate Taxpayer makes all such required Early Termination
Payments in their entirety and other payments described in this Section 4.1(b), the Corporate Taxpayer shall have no obligations under this TRA Agreement with respect to such Exchange. 

  
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 (c) Acceleration Upon Material Breach of TRA Agreement. 

(i) In the event that the Corporate Taxpayer (1) breaches any of its material obligations under this TRA Agreement,
whether (A) as a result of any failure to make a payment required to be made pursuant to this TRA Agreement (which failure has not been cured by full payment thereof within twenty (20) days of receiving written notice from the TRA Party
Representative) or any material breach of any of its obligations under this TRA Agreement (a “Specified Default”) or (B) by operation of law as a result of the rejection of this TRA Agreement in a case commenced under
bankruptcy laws or otherwise or (2)(A) commences any case, proceeding or other action (I) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors,
seeking to have an order for relief entered with respect to it, or seeking to adjudicate a bankruptcy or insolvency, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution,
composition or other relief with respect to it or its debts or (II) seeking an appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or it shall make a
general assignment for the benefit of creditors or (B) has commenced against it any case, proceeding or other action of the nature referred to in the foregoing clause (2)(A) (such breach, rejection or commencement as described in the foregoing
clauses (1) or (2), a “Breach Event”), all unpaid payment obligations hereunder as calculated in accordance with Section 4.1(c)(ii) shall automatically accelerate and become immediately due and
payable. 
 (ii) The unpaid payment obligations specified in Section 4.1(c)(i) shall be calculated
as if an Early Termination Notice had been delivered on the date of such Breach Event and shall include, without duplication: (i) the Early Termination Payments calculated with respect to the TRA Parties as if the Early Termination Date is the
date of such Breach Event; (ii) any Tax Benefit Payments due and payable and that remain unpaid as of the date of such Breach Event; and (iii) any Tax Benefit Payments due for the Taxable Year ending immediately prior to or including the
date of such Breach Event; provided that the procedures of Section 4.2 (and Section 2.3, to the extent applicable) and Section 4.3 shall apply mutatis
mutandis with respect to the determination of the amount payable by the Corporate Taxpayer pursuant to this sentence and the payment thereof. In the event of an acceleration described in this Section 4.1(c), any Early
Termination Payment described in the preceding sentence shall be calculated utilizing the Valuation Assumptions, substituting in each case the terms “date of a Breach Event” for “Early Termination Date.” For the avoidance of
doubt, if an Exchange occurs after the Corporate Taxpayer makes all such required Early Termination Payments in their entirety and other payments described in this Section 4.1(c), the Corporate Taxpayer shall have no
obligations under this TRA Agreement with respect to such Exchange. Notwithstanding the foregoing, in the event that the Corporate Taxpayer breaches this TRA Agreement, a TRA Party shall still be entitled to enforce all of its rights otherwise
available under this TRA Agreement. 
 (iii) Notwithstanding anything in this TRA Agreement to the contrary, except in the
case of an Early Termination Payment or any payment made in connection with a Change of Control, it shall not be a Specified Default if the Corporate Taxpayer fails to make any payment due pursuant to this TRA Agreement (other than an Early
Termination 

  
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Payment or any payment made in connection with a Change of Control) to the extent that the Corporate Taxpayer cannot make such payment as a result of limitations imposed in connection with any
Senior Obligations, and cannot take any actions to obtain a waiver of such limitations, or otherwise to obtain sufficient funds, to make such payment (the “Liquidity Exception”); provided that (A) the interest
provisions of Section 5.2 shall apply to such late payment, (B) any such payment obligation shall nonetheless accrue for the benefit of the TRA Parties, and the Corporate Taxpayer shall use its commercially reasonable
efforts to cause the Liquidity Exception not to apply and shall make such payment at the first opportunity that the Liquidity Exception does not apply, and (C) if the Liquidity Exception applies and the Corporate Taxpayer declares or pays any
dividend of cash to its shareholders while any such Tax Benefit Payment is due and payable and remains unpaid following the relevant Final Payment Date, then the Liquidity Exception shall immediately cease to apply. 

SECTION 4.2 Early Termination Notice. If the Corporate Taxpayer chooses to exercise its right of early termination
in accordance with Section 4.1 above, the Corporate Taxpayer shall deliver to each TRA Party written notice of such decision to exercise such right (“Early Termination Notice”) and a schedule (the
“Early Termination Schedule”) specifying the Corporate Taxpayer’s decision to exercise such right and showing in reasonable detail the calculation of the Early Termination Payment(s) due to each TRA Party. Each
Early Termination Schedule shall become final and binding on all parties thirty (30) calendar days from the first date on which all TRA Parties have been given such Schedule or amendment thereto under Section 7.1,
unless the TRA Party Representative (i) within thirty (30) calendar days after such date gives the Corporate Taxpayer written notice of a material objection to such Schedule made in good faith (“Material Objection
Notice”) or (ii) provides a written waiver of its right to give a Material Objection Notice within the period described in clause (i) above, in which case such Schedule shall become binding on the date such waiver is received
by the Corporate Taxpayer. If the Corporate Taxpayer and the TRA Party Representative, for any reason, are unable to successfully resolve the issues raised in such Material Objection Notice within thirty (30) calendar days after receipt by the
Corporate Taxpayer of the Material Objection Notice, the Corporate Taxpayer and the TRA Party Representative shall employ the Reconciliation Procedures in which case such Schedule shall become binding in accordance with
Section 7.9. The TRA Party Representative will represent the interests of each of the TRA Parties and shall use reasonable efforts to raise and pursue, in accordance with this Section 4.2, any
reasonable objection to an Early Termination Schedule or amendment thereto timely given in writing to the TRA Party Representative by a TRA Party. 

SECTION 4.3 Payment upon Early Termination. 

(a) Within ten (10) Business Days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount
equal to the entire Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate
Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer. Upon making such Early Termination Payments and any other payments due
hereunder in full, the Corporate Taxpayer shall have no further liability or obligation under or in respect of this Agreement and each TRA Party, on behalf of itself and its affiliates, fully, finally and forever unconditionally and irrevocably
releases, discharges and waives any and all claims, proceedings, suits or causes of action it may have against the Corporate Taxpayer, of any kind whatsoever. 

  
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 (b) “Early Termination Payment” in respect of a TRA Party shall
equal the present value, discounted at the Early Termination Rate as of and starting from the applicable Early Termination Date, of all Tax Benefit Payments (excluding the Interest Amount, unless such amount was previously due and owing hereunder
and not previously paid) in respect of such TRA Party that would be required to be paid by the Corporate Taxpayer beginning from the Early Termination Date, and assuming that the Valuation Assumptions in respect of such TRA Party are applied and
that each such Tax Benefit Payment for each relevant Taxable Year would be paid on the due date (without extensions) under applicable law as of the Early Termination Date for filing of IRS Form 1120 (or any successor form) of the Corporate
Taxpayer. For the avoidance of doubt, an entire Early Termination Payment shall be made to each applicable TRA Party regardless of whether such TRA Party has exchanged all of its Units as of the Early Termination Date. 

ARTICLE V 

SUBORDINATION AND LATE PAYMENTS 

SECTION 5.1 Subordination. Notwithstanding any other provision of this TRA Agreement to the contrary, any Tax
Benefit Payment, Early Termination Payment or any other payment required to be made by the Corporate Taxpayer to any TRA Party under this TRA Agreement shall rank subordinate and junior in right of payment to any principal, interest or other amounts
due and payable in respect of any obligations in respect of indebtedness for borrowed money of the Corporate Taxpayer and its Subsidiaries (the “Senior Obligations”) and shall rank pari passu in right of payment with
all current or future unsecured obligations of the Corporate Taxpayer that are not Senior Obligations. To the extent that any payment under this TRA Agreement is not permitted to be made at the time payment is due as a result of this
Section 5.1 and the terms of agreements governing Senior Obligations, such payment obligation nevertheless shall accrue for the benefit of TRA Parties and the Corporate Taxpayer shall make such payments at the first
opportunity that such payments are permitted to be made in accordance with the terms of the Senior Obligations. Notwithstanding any other provision of this TRA Agreement to the contrary, to the extent that the Corporate Taxpayer or any of its
Affiliates enters into future Tax receivable or other similar agreements (“Future TRAs”), the Corporate Taxpayer shall ensure that the terms of any such Future TRA shall provide that the Tax Attributes subject to this TRA
Agreement are senior in priority in all respects to any Tax attributes subject to any such Future TRA for purposes of calculating the amount and timing of payments under any such Future TRA. 

SECTION 5.2 Late Payments by the Corporate Taxpayer. The amount of all or any portion of any Tax Benefit Payment or Early
Termination Payment not made to the TRA Parties when due under the terms of this TRA Agreement (whether as a result of Section 4.1(c), Section 5.1 or otherwise) shall be payable together with any
interest thereon, computed at the Default Rate (in place of the Agreed Rate, if applicable) commencing from the date on which such Tax Benefit Payment or Early Termination Payment was first due and payable until the date of actual payment. 

  
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 ARTICLE VI 

NO DISPUTES; CONSISTENCY; COOPERATION 

SECTION 6.1 Participation in the Corporate Taxpayer’s and
OpCo’s Tax Matters. Except as otherwise provided in this TRA Agreement, the Business Combination Agreement or the LLC Agreement, the Corporate Taxpayer shall have full responsibility for, and sole discretion
over, all Tax matters concerning the Corporate Taxpayer and OpCo, including the preparation, filing or amending of any Tax Return and defending, contesting or settling any issue pertaining to Taxes. Notwithstanding the foregoing, the Corporate
Taxpayer shall notify the TRA Party Representative in writing of the commencement of, and keep the TRA Party Representative reasonably informed with respect to, the portion of any audit or proceeding of the Corporate Taxpayer and OpCo or any of
OpCo’s Subsidiaries by a Taxing Authority the outcome of which would reasonably be expected to materially affect the rights and obligations of a TRA Party under this TRA Agreement, including the Tax Benefit Payments or Early Termination
Payments payable to TRA Parties, and shall provide to the TRA Party Representative reasonable opportunity (at the cost and expense of the TRA Party Representative, on behalf of the TRA Parties) to participate in or provide information and other
input to the Corporate Taxpayer, OpCo and its Subsidiaries and their respective advisors concerning the conduct of any such portion of such audit or proceeding; provided, however, that the Corporate Taxpayer and OpCo (and its
Subsidiaries) shall not be required to take any action that is inconsistent with any provision of the LLC Agreement or the Business Combination Agreement. 

SECTION 6.2 Consistency. The Corporate Taxpayer and the TRA Parties agree to report and cause their
respective Affiliates to report for all purposes, including United States federal, state and local Tax purposes and financial reporting purposes, all Tax-related items (including the Basis Adjustments and each
Tax Benefit Payment) in a manner consistent with that set forth in this TRA Agreement or specified by the Corporate Taxpayer in any Schedule, or Amended Schedule, provided by or on behalf of the Corporate Taxpayer under this TRA Agreement that is
final and binding on the parties, unless otherwise required by applicable law. The Corporate Taxpayer shall (and shall cause OpCo and its other Subsidiaries to) (for the avoidance of doubt, taking into account the interests and entitlements of all
TRA Parties under this TRA Agreement) use commercially reasonable efforts to defend the Tax treatment contemplated by this TRA Agreement and any Schedule (or Amended Schedule, as applicable) in any audit, contest or similar proceeding with any
Taxing Authority. 
 SECTION 6.3 Cooperation. Each of the TRA Parties shall (a) furnish to the Corporate Taxpayer
in a timely manner such information, documents and other materials as the Corporate Taxpayer may reasonably request for purposes of making any determination or computation necessary or appropriate under this TRA Agreement, preparing any Tax Return
or contesting or defending any audit, examination or controversy with any Taxing Authority, (b) make itself available to the Corporate Taxpayer and its representatives to provide explanations of documents and materials and such other
information as the Corporate Taxpayer or its representatives may reasonably request in connection with any of the matters described in clause (a) above, and (c) reasonably cooperate in connection with any such matter. OpCo shall reimburse
the TRA Parties for any reasonable and documented out-of-pocket costs and expenses incurred pursuant to this Section 6.3. Upon the request of
any TRA Party, the Corporate Taxpayer shall use commercially reasonable efforts to cooperate in taking any action reasonably requested by such TRA Party in connection with its tax or financial reporting and/or the consummation of any assignment or
transfer of any of its rights and/or obligations under this TRA Agreement, including without limitation, providing any information or documentation. 

  
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 ARTICLE VII 

MISCELLANEOUS 

SECTION 7.1 Notices. All notices, demands and other communications to be given or delivered under this TRA
Agreement shall be in writing and shall be deemed to have been given (a) when personally delivered (or, if delivery is refused, upon presentment) or received by email (with confirmation of transmission), (b) one (1) Business Day
following delivery by reputable express courier (charges prepaid) or (c) three (3) calendar days following mailing by certified or registered mail, postage prepaid and return receipt requested. Unless another address is specified in
writing pursuant to the provisions of this Section 7.1, notices, demands and other communications shall be sent to the addresses indicated below: 

If to the Corporate Taxpayer, to: 

Foley Trasimene Acquisition Corp. 

1701 Village Center Circle 
 Las
Vegas, NV 89124 
 Attn: Michael L. Gravelle, General Counsel 

E-mail: mgravelle@fnf.com 

with a copy to: 
 Weil,
Gotshal & Manges LLP 
 767 Fifth Avenue 

New York, NY 10153 
 Attn: Michael
J. Aiello 
 Sachin Kohli 
 E-mail: michael.aiello@weil.com 
 sachin.kohli@weil.com 

If to the TRA Parties, to the respective addresses and email addresses set forth in the records of OpCo. 

Any party may change its address, fax number or email by giving the other party written notice of its new address, fax number or email in the manner set forth
above. 
 SECTION 7.2 Counterparts. This TRA Agreement may be executed and delivered in one or more
counterparts and by fax, email or other electronic transmission (including by means of telecopied signature pages or electronic transmission in portable document format (pdf) or any electronic signature complying with the U.S. federal ESIGN Act of
2000, e.g., www.docusign.com), each of which shall be deemed an original and all of which shall be considered one and the same agreement. No party shall raise the use of a fax machine or email to 

  
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deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a fax machine or email as a defense to the formation or
enforceability of a contract and each party forever waives any such defense. In addition, the parties irrevocably and unreservedly agree that this TRA Agreement may be executed by way of electronic signatures and the parties agree that this TRA
Agreement, or any part thereof, shall not be challenged or denied any legal effect, validity and/or enforceability solely on the ground that it is in the form of an electronic record. 

SECTION 7.3 Entire Agreement; No Third Party Beneficiaries. This TRA Agreement, the Business Combination Agreement and
the Ancillary Agreements, together with all Exhibits and Schedules to this TRA Agreement, contain the entire agreement among the parties with respect to the subject matter hereof and thereof and supersede all prior agreements, whether written or
oral, relating to such subject matter in any way. This TRA Agreement shall be binding upon and inure solely to the benefit of each party hereto and their respective successors and permitted assigns, and nothing in this TRA Agreement, express or
implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this TRA Agreement. 

SECTION 7.4 Governing Law. This TRA Agreement, and all claims or causes of action based upon, arising out of, or
related to this TRA Agreement or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to principles or rules of conflict of laws to the extent such
principles or rules would require or permit the application of Laws of another jurisdiction. 
 SECTION 7.5
Severability. If any provision of this TRA Agreement is determined to be invalid, illegal or unenforceable by any governmental entity, all other provisions of this TRA Agreement shall, to the greatest extent possible, nevertheless
remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any provision is invalid, illegal or
unenforceable, the parties hereto shall negotiate in good faith to modify this TRA Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are
consummated as originally contemplated to the greatest extent possible. 
 SECTION 7.6 Successors; Assignment; Amendments;
Waivers. 
 (a) Each TRA Party may assign all or any portion of its rights under this TRA Agreement to any Person as long as such
transferee has executed and delivered, or, in connection with such transfer, executes and delivers, a joinder to this TRA Agreement, substantially in form of Exhibit A hereto, agreeing to become a TRA Party for all purposes of this TRA Agreement,
except as otherwise provided in such joinder. If a TRA Party Transfers Units in accordance with the terms of the LLC Agreement but does not assign to the Transferee of such Units its rights and obligations under this TRA Agreement with respect to
such Transferred Units, (i) such TRA Party shall remain a TRA Party under this TRA Agreement for all purposes, including with respect to the receipt of Tax Benefit Payments to the extent payable hereunder (including any Tax Benefit Payments in
respect of the Exchanges of such Transferred Units by such Transferee), and (ii) the Transferee of such Units shall not be a TRA Party. The Corporate Taxpayer may not assign any 

  
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of its rights or obligations under this TRA Agreement to any Person (other than in connection with a Mandatory Assignment) without the prior written consent of the TRA Party Representative (not
to be unreasonably withheld, conditioned or delayed). Any purported assignment in violation of the terms of this Section 7.6 shall be null and void. 

(b) No provision of this TRA Agreement may be amended unless such amendment is approved in writing by the Corporate Taxpayer and by each of the
TRA Parties who would be entitled to receive at least two-thirds of the total amount of the Early Termination Payments payable to all TRA Parties hereunder if the Corporate Taxpayer had exercised its right of
early termination on the date of such amendment; provided, that no such amendment shall be effective if such amendment will have a disproportionate adverse effect on the payments one or more TRA Parties receive under this TRA Agreement unless
such amendment is consented in writing by such TRA Parties disproportionately affected who would be entitled to receive at least two-thirds of the total amount of the Early Termination Payments payable to all
TRA Parties disproportionately affected hereunder if the Corporate Taxpayer had exercised its right of early termination on the date of such amendment (excluding, for purposes of this sentence, all payments made to any TRA Party pursuant to this TRA
Agreement since the date of such most recent Exchange). No provision of this TRA Agreement may be waived unless such waiver is in writing and signed by the party against whom the waiver is to be effective. 

(c) All of the terms and provisions of this TRA Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the
parties hereto and their respective successors, permitted assigns, heirs, executors, administrators and legal representatives. The Corporate Taxpayer shall require and cause any direct or indirect successor (whether by purchase, merger,
consolidation or otherwise) to all or substantially all of the business or assets of the Corporate Taxpayer, by written agreement, expressly to assume and agree to perform this TRA Agreement in the same manner and to the same extent that the
Corporate Taxpayer would be required to perform if no such succession had taken place (any such assignment, a “Mandatory Assignment”). 

SECTION 7.7 Interpretation. The headings and captions used in this TRA Agreement and the table of contents to this TRA
Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this TRA Agreement. Any capitalized terms used in any Schedule or Exhibit attached hereto and not otherwise defined therein shall have
the meanings set forth in this TRA Agreement. The use of the word “including” herein shall mean “including without limitation.” The words “hereof,” “herein,” and “hereunder” and words of similar
import, when used in this TRA Agreement, shall refer to this TRA Agreement as a whole and not to any particular provision of this TRA Agreement. References herein to the Recitals or to a specific Section, Subsection, Clause, Schedule or
Exhibit shall refer, respectively, to the Recitals, Sections, Subsections, Clauses, Schedules or Exhibits of this TRA Agreement. Terms defined in the singular shall have a comparable meaning when used in the plural, and vice versa. References
herein to any gender shall include each other gender. The word “or” shall not be exclusive unless the context clearly requires the selection of one (1) (but not more than one (1)) of a number of items. References to
“written” or “in writing” include in electronic form. References herein to any Person shall include such Person’s heirs, executors, personal representatives, administrators, successors and permitted assigns; provided,
however, that nothing contained in this Section 7.7 is intended to authorize any assignment or transfer not otherwise permitted by this TRA Agreement. 

  
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References herein to a Person in a particular capacity or capacities shall exclude such Person in any other capacity. Any reference to “days” shall mean calendar days unless Business
Days are expressly specified; provided that if any action is required to be done or taken on a day that is not a Business Day, then such action shall be required to be done or taken not on such day but on the first succeeding Business Day
thereafter. References herein to any contract or agreement (including this TRA Agreement) mean such contract or agreement as amended, restated, supplemented or modified from time to time in accordance with the terms thereof. With respect to the
determination of any period of time, the word “from” means “from and including”. References herein to any law shall be deemed also to refer to such law, as amended (and any successor laws), and all rules and regulations
promulgated thereunder. The word “extent” in the phrase “to the extent” (or similar phrases) shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply “if.” Except where
otherwise expressly provided, all amounts in this TRA Agreement are stated and shall be paid in United States dollars. The parties to this TRA Agreement and their respective counsel have reviewed and negotiated this TRA Agreement as the joint
agreement and understanding of such parties, and the language used in this TRA Agreement shall be deemed to be the language chosen by such parties to express their mutual intent, and no rule of strict construction shall be applied against any
Person. 
 SECTION 7.8 Waiver of Jury Trial; Jurisdiction. Any action based upon, arising out of or related to
this TRA Agreement or the transactions contemplated hereby may be brought in federal and state courts located in the State of Delaware, and each of the Parties irrevocably submits to the exclusive jurisdiction of each such court in any such action,
waives any objection it may now or hereafter have to personal jurisdiction, venue or to convenience of forum, agrees that all claims in respect of the action shall be heard and determined only in any such court, and agrees not to bring any action
arising out of or relating to this TRA Agreement or the transactions contemplated hereby in any other court. Nothing herein contained shall be deemed to affect the right of any Party to serve process in any manner permitted by Law or to commence
legal proceedings or otherwise proceed against any other Party in any other jurisdiction, in each case, to enforce judgments obtained in any Action brought pursuant to this Section 7.8. EACH OF THE PARTIES HEREBY
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

SECTION 7.9 Reconciliation. In the event that the Corporate Taxpayer and the TRA Party Representative are unable to
resolve a disagreement with respect to the calculation of amounts owed hereunder (including any matters governed by Sections 2.3, 3.1, 4.1 and 4.2) within the relevant period designated in this TRA Agreement
(“Reconciliation Dispute”), the Reconciliation Dispute shall be submitted for determination to a nationally recognized expert in the particular area of disagreement, acting as an expert and not as an arbitrator (the
“Expert”), mutually acceptable to the Corporate Taxpayer and the TRA Party Representative. The Expert shall be a nationally recognized accounting or law firm, and unless the Corporate Taxpayer and the TRA Party Representative
agree otherwise, the Expert shall not have any material relationship with the Corporate Taxpayer or the TRA Party Representative or any other actual or potential conflict of interest. If the Corporate Taxpayer and the TRA Party Representative are
unable to agree on an Expert within fifteen (15) calendar days of receipt by the respondent(s) of written notice of a Reconciliation Dispute, then the Corporate Taxpayer and the TRA Party Representative shall cause the Expert to be
selected by the International Chamber of Commerce Centre for 

  
 30 

 
Expertise (the “ICC”) in accordance with the criteria set forth above in this Section 7.9. The Expert shall resolve any matter relating to the
Basis Schedule or an amendment thereto or the Early Termination Schedule or an amendment thereto within thirty (30) calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within fifteen
(15) calendar days or, in each case, as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is not resolved before
any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by this TRA Agreement
and such Tax Return may be filed as prepared by the Corporate Taxpayer, subject to adjustment or amendment upon resolution. The sum of (a) the costs and expenses relating to (i) the engagement (and, if applicable, selection by the ICC) of
such Expert and (ii) if applicable, amending any Tax Return in connection with the decision of such Expert and (b) the reasonable out-of-pocket costs and
expenses of the Corporate Taxpayer and the TRA Party Representative incurred in the conduct of such proceeding shall be allocated between the Corporate Taxpayer, on the one hand, and the TRA Party Representative (on behalf of the TRA Parties), on
the other hand, in the same proportion that the aggregate amount of the disputed items so submitted to the Expert that is unsuccessfully disputed by each such party (as finally determined by the Expert) bears to the total amount of such disputed
items so submitted, and each such party shall promptly reimburse the other party for the excess that such other party has paid in respect of such costs and expenses over the amount it has been so allocated. Any dispute as to whether a dispute is a
Reconciliation Dispute within the meaning of this Section 7.9 shall be decided by the Expert. The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this
Section 7.9 shall be binding on the Corporate Taxpayer and each of the TRA Parties and may be entered and enforced in any court having jurisdiction. 

SECTION 7.10 Withholding. The Corporate Taxpayer shall be entitled to deduct and withhold from
any payment payable pursuant to this TRA Agreement such amounts as the Corporate Taxpayer is required to deduct and withhold with respect to the making of such payment under the Code or any provision of applicable state, local, or foreign Tax law;
provided, however, that the Corporate Taxpayer shall notify and shall reasonably cooperate with the TRA Party Representative reasonably in advance of such payment to determine whether such deductions or withholding are required under
applicable law and in obtaining any available exemption from or reduction of, or otherwise minimizing to the extent permitted by applicable law, such deduction and withholding. To the extent that amounts are so withheld and duly paid over to the
appropriate Taxing Authority by the Corporate Taxpayer, such withheld amounts shall be treated for all purposes of this TRA Agreement as having been paid to the Person in respect of whom such withholding was made. Each TRA Party shall promptly
provide the Corporate Taxpayer, OpCo or other applicable withholding agent with any applicable Tax forms and certifications (including IRS Form W-9 or the applicable version of IRS Form W-8) reasonably requested (provided that it is legally eligible to provide such forms or certifications and can do so without commercial prejudice). 

  
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 SECTION 7.11 Admission of the Corporate Taxpayer into a Consolidated
Group; Transfers of Corporate Assets. 
 (a) If the Corporate Taxpayer is or becomes a member of an affiliated, consolidated,
combined or unitary group of corporations that files a consolidated, combined or unitary income Tax Return pursuant to Sections 1501 et seq. of the Code or any corresponding provisions of state or local Tax law, then: (i) the provisions of this
TRA Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments, Early Termination Payments and other applicable items hereunder shall be computed with reference to the consolidated, combined or unitary
taxable income of the group as a whole. 
 (b) If the Corporate Taxpayer (or any member of a group described in
Section 7.11(a)) transfers or is deemed to transfer any Unit or any Reference Asset to a transferee that is treated as a corporation for United States federal income Tax purposes (other than a member of a group described in
Section 7.11(a)) in a transaction in which the transferee’s basis in the property acquired is determined in whole or in part by reference to such transferor’s basis in such property, then the Corporate Taxpayer
shall cause such transferee to assume the obligation to make payments hereunder with respect to the applicable Tax Attributes associated with any Reference Asset or interest therein acquired (directly or indirectly) in such transfer (taking into
account any gain recognized in the transaction) in a manner consistent with the terms of this TRA Agreement as the transferee (or one of its Affiliates) actually realizes Tax benefits from the Tax Attributes. 

(c) If OpCo transfers (or is deemed to transfer for United States federal income Tax purposes) any Reference Asset to a transferee that is
treated as a corporation for United States federal income Tax purposes (other than a member of a group described in Section 7.11(a)) in a transaction in which the transferee’s basis in the property acquired is
determined in whole or in part by reference to such transferor’s basis in such property, OpCo shall be treated as having disposed of the Reference Asset in a wholly taxable transaction. The consideration deemed to be received by OpCo in a
transaction contemplated in the prior sentence shall be equal to the fair market value of the deemed transferred asset, plus (i) the amount of debt to which such asset is subject, in the case of a transfer of an encumbered asset or
(ii) the amount of debt allocated to such asset, in the case of a transfer of a partnership interest. 
 (d) If any member of a group
described in Section 7.11(a) that owns any Unit deconsolidates from the group (or the Corporate Taxpayer deconsolidates from the group), then the Corporate Taxpayer shall cause such member (or the parent of the
consolidated group in a case where the Corporate Taxpayer deconsolidates from the group) to assume the obligation to make payments hereunder with respect to the applicable Tax Attributes associated with any Reference Asset it owns (directly or
indirectly) in a manner consistent with the terms of this TRA Agreement as the member (or one of its Affiliates) actually realizes Tax benefits. If a transferee or a member of a group described in Section 7.11(a) assumes an
obligation to make payments pursuant to this Section 7.11(d), then the initial obligor is relieved of the obligation assumed. 

(e) Except as otherwise set forth in Section 7.11(d), if the Corporate Taxpayer (or any member of a group described
in Section 7.11(a)) transfers (or is deemed to transfer for United States federal income Tax purposes) any Unit in a transaction that is wholly or partially taxable, then for purposes of calculating payments under this TRA
Agreement, OpCo shall be treated as having disposed of the portion of any Reference Asset (determined based on a pro rata share of an undivided interest in each Reference Asset) that is indirectly transferred by the Corporate Taxpayer or other
entity described above (i.e., taking into account the number of Units 

  
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transferred) in a wholly or partially taxable transaction, as applicable, in which all income, gain or loss is allocated to the Corporate Taxpayer in accordance with the LLC Agreement. The
consideration deemed to be received by OpCo shall be equal to the fair market value of the deemed transferred asset, plus (i) the amount of debt to which such asset is subject, in the case of a transfer of an encumbered asset or (ii) the
amount of debt allocated to such asset, in the case of a transfer of a partnership interest. 
 SECTION 7.12
Confidentiality. 
 (a) Subject to Section 6.3, each TRA Party acknowledges and agrees that the
information of the Corporate Taxpayer is confidential and, except in the course of performing any duties as necessary for the Corporate Taxpayer and its Affiliates, as required by law or legal process or to enforce the terms of this TRA Agreement,
such person shall keep and retain in confidence and not disclose to any Person any confidential matters of the Corporate Taxpayer and its Affiliates and successors or concerning OpCo and its Affiliates and successors learned by the TRA Party
pursuant to this TRA Agreement. This Section 7.12 shall not apply to (i) any information that has been made publicly available by the Corporate Taxpayer or any of its Affiliates, becomes public knowledge (except as a
result of an act of the TRA Party in violation of this TRA Agreement) or is generally known and (ii) the disclosure of information (x) to the extent necessary for the TRA Party to prepare and file its Tax Returns, to respond to any
inquiries regarding the same from any Taxing Authority or to prosecute or defend any action, proceeding or audit by any Taxing Authority with respect to such returns or (y) by a TRA Party to its Affiliates and its and their respective
employees, directors, counsel and advisors on a confidential basis. Notwithstanding anything to the contrary in this TRA Agreement, to the extent required by applicable law or to the extent reasonably necessary for the TRA Party to comply with any
applicable reportable transaction requirements under applicable law, each TRA Party (and each employee, representative or other agent of the TRA Party, as applicable) may disclose the Tax treatment and Tax structure of the Corporate Taxpayer, OpCo
and their Affiliates, and any of their transactions, and all materials of any kind (including opinions or other Tax analyses) that are provided to the TRA Party relating to such Tax treatment and Tax structure. 

(b) If a TRA Party breaches any of the provisions of this Section 7.12, the Corporate Taxpayer shall have the right
to seek to have the provisions of this Section 7.12 specifically enforced by injunctive relief by any court of competent jurisdiction without the need to post any bond or other security, it being acknowledged and agreed
that any such breach shall cause irreparable injury to the Corporate Taxpayer or any of its Subsidiaries and that money damages alone shall not provide an adequate remedy to such Persons. Such rights and remedies shall be in addition to, and not in
lieu of, any other rights and remedies available at law or in equity. 
 SECTION 7.13 TRA Party Representative.
By executing this TRA Agreement, each of the TRA Parties shall be deemed to have irrevocably appointed the TRA Party Representative as its agent and attorney in fact with full power of substitution to act from and after the date hereof and to do any
and all things and execute any and all documents on behalf of such TRA Parties which may be necessary, convenient or appropriate to facilitate any matters under this TRA Agreement, including: (i) execution of the documents and certificates
required pursuant to this TRA Agreement; (ii) except to the extent provided in this TRA Agreement, receipt and forwarding of notices and communications pursuant to this TRA Agreement; (iii) administration

  
 33 

 
of the provisions of this TRA Agreement; (iv) any and all consents, waivers, amendments or modifications deemed by the TRA Party Representative to be necessary or appropriate under this TRA
Agreement and the execution or delivery of any documents that may be necessary or appropriate in connection therewith; (v) amending this TRA Agreement or any of the instruments to be delivered to the Corporate Taxpayer pursuant to this TRA
Agreement; (vi) taking actions the TRA Party Representative is authorized to take pursuant to the other provisions of this TRA Agreement; (vii) negotiating and compromising, on behalf of such TRA Parties, any dispute that may arise under,
and exercising or refraining from exercising any remedies available under, this TRA Agreement and executing, on behalf of such TRA Parties, any settlement agreement, release or other document with respect to such dispute or remedy; and
(viii) engaging attorneys, accountants, agents or consultants on behalf of such TRA Parties in connection with this TRA Agreement and paying any fees related thereto on behalf of such TRA Parties, subject to reimbursement by such TRA Parties.
Without limiting the foregoing sentence, the TRA Party Representative will use commercially reasonable efforts to keep the TRA Parties informed in a timely manner of actions taken on their behalf in accordance with this Section 7.13 and to
consider in good faith their reasonable comments and requests. The TRA Party Representative may resign upon thirty (30) days’ written notice to the Corporate Taxpayer. All reasonable, documented out-of-pocket costs and expenses incurred by the TRA Party Representative in its capacity as such shall be promptly reimbursed by the Corporate Taxpayer upon invoice and reasonable support therefor by the TRA
Party Representative. To the fullest extent permitted by law, none of the TRA Party Representative, any of its Affiliates, or any of the TRA Party Representative’s or Affiliate’s directors, officers, employees or other agents (each a
“Covered Person”) shall be liable, responsible or accountable in damages or otherwise to any TRA Party, OpCo or the Corporate Taxpayer for damages arising from any action taken or omitted to be taken by the TRA Party
Representative or any other Person with respect to the OpCo or the Corporate Taxpayer, except in the case of any action or omission which constitutes, with respect to such Person, willful misconduct or fraud. Each of the Covered Persons may consult
with legal counsel, accountants, and other experts selected by it, and any act or omission suffered or taken by it on behalf of OpCo or the Corporate Taxpayer or in furtherance of the interests of OpCo or the Corporate Taxpayer in good faith in
reliance upon and in accordance with the advice of such counsel, accountants, or other experts shall create a rebuttable presumption of the good faith and due care of such Covered Person with respect to such act or omission; provided, that
such counsel, accountants, or other experts were selected with reasonable care. Each of the Covered Persons may rely in good faith upon, and shall have no liability to OpCo, the Corporate Taxpayer or the TRA Parties for acting or refraining from
acting upon, any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper
party or parties. 
 SECTION 7.14 Change in Law. Notwithstanding anything herein to the contrary, if, in connection
with an actual or proposed change in law, a TRA Party reasonably believes that the existence of this TRA Agreement could cause income (other than income arising from receipt of a payment under this TRA Agreement) recognized by the TRA Party upon any
Exchange by such TRA Party to be treated as ordinary income rather than capital gain (or otherwise taxed at ordinary income rates) for United States federal income Tax purposes or would have other material adverse Tax consequences to such TRA Party,
then at the election of such TRA Party and to the extent specified by such TRA Party, this TRA Agreement (i) shall cease to have further effect with respect to such TRA Party, (ii) shall not apply to an Exchange (or any other action that

  
 34 

 
may give rise to payments under this TRA Agreement) by such TRA Party occurring after a date specified by such TRA Party, or (iii) shall otherwise be amended in a manner determined by such
TRA Party, provided that such amendment shall not (a) result in an increase in payments under this TRA Agreement at any time as compared to the amounts and times of payments that would have been due in the absence of such amendment or
(b) adversely affect any other TRA Party. 
 [Signature Page Follows] 

  
 35 

 
			
	TEMPO HOLDING COMPANY, LLC
		
	By:	 	              

		 	Name:
		 	Title:
	
	ALIGHT, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	FOLEY TRASIMENE ACQUISITION CORP.
		
	By:	 	  

		 	Name:
		 	Title:
	
	BLACKSTONE CAPITAL PARTNERS VII NQ L.P.
		
	By:	 	
                     

		 	Name:
		 	Title:

 
			
	TRA PARTIES:
	
	[________________]
		
	By:	 	
                     

		 	Name:
		 	Title:

 EXHIBIT A 

Form of Joinder 
 This JOINDER (this
“Joinder”) to the TRA Agreement (as defined below), is by and among Alight Inc., a Delaware corporation (including any successor corporation “Corporate Taxpayer”), ___________
(“Transferor”) and ______________ (“Transferee”). 
 WHEREAS, on ______________________, Transferee shall
acquire __ percent of the Transferor’s right to receive payments that may become due and payable under the TRA Agreement (as defined below) (the “Acquired Interests”) from Transferor (the “Acquisition”); and

 WHEREAS, Transferor, in connection with the Acquisition, has required Transferee to execute and deliver this Joinder pursuant to Section 7.6(a) of
the Tax Receivable Agreement, dated as of July 2, 2021, between the Corporate Taxpayer, OpCo, SPAC the TRA Parties and the TRA Party Representative (each as defined therein) (the “TRA Agreement”). 

NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally bound hereby, the
parties hereto agree as follows: 
 Section 1.1 Definitions. To the extent capitalized words used in this Joinder are not defined in this Joinder, such
words shall have the respective meanings set forth in the TRA Agreement. 
 Section 1.2 Acquisition. For good and valuable consideration, the
sufficiency of which is hereby acknowledged by the Transferor and the Transferee, the Transferor hereby transfers and assigns absolutely to the Transferee all of the Acquired Interests. 

Section 1.3 Joinder. Transferee hereby acknowledges and agrees (i) that it has received and read the TRA Agreement, (ii) that the Transferee is
acquiring the Acquired Interests in accordance with and subject to the terms and conditions of the TRA Agreement and (iii) to become a “TRA Party” (as defined in the TRA Agreement) for all purposes of the TRA Agreement. 

Section 1.4 Notice. Any notice, request, consent, claim, demand, approval, waiver or other communication hereunder to Transferee shall be delivered or
sent to Transferee at the address set forth on the signature page hereto in accordance with Section 7.1 of the TRA Agreement. 
 Section 1.5
Governing Law. This Joinder shall be governed by and construed in accordance with the law of the State of Delaware. 
 [Signature
Page Follows] 

 IN WITNESS WHEREOF, this Joinder has been duly executed and delivered by the parties as of
the date first above written. 
  

			
	ALIGHT, INC.
		
	By:	 	              

		 	Name:
		 	Title:
	
	[TRANSFEROR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[TRANSFEREE]
		
	By:	 	  

		 	Name:
		 	Title:

  
 39 

 EXHIBIT B 

As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a
Taxable Year, the maximum applicable corporate income Tax rates in effect in such states in such Taxable Year are 6.5% and 5.5%, respectively, and the apportionment factors for such states in such Taxable Year are 55% and 45%, respectively, then the
Blended Rate for such Taxable Year is equal to 6.05% (i.e., the sum of (a) 6.5% multiplied by 55%, plus (b) 5.5% multiplied by 45%). 

  
 40 

 Schedule A 

TRA Parties 
 Blocker Shareholders

 Blackstone Capital Partners VII (IPO) NQ L.P. 
 New
Mountain Partners IV (AIV-E2) L.P. 
 Jasmine Ventures Pte. Ltd. 

Platinum Falcon B 2018 RSC Limited 
 Randolph Street Investment
Partners, L.P.—2016 DIF 
 Continuing Member Contributors 

Blackstone Capital Partners VII NQ LP 
 Blackstone Capital
Partners VII.2 NQ LP 
 BCP VII SBS Holdings L.L.C. 
 Blackstone
Family Investment Partnership VII—ESC NQ L.P. 
 BTAS NQ Holdings L.L.C. 

New Mountain Partners IV (AIV-E), LP 

Other Continuing Members 
 Tempo Management, LLC
(on behalf of its members) 
 Momentum Holdings LLC 
 Randolph
Street Investment Partners, L.P.—2016 DIF 

  
 41EX-10.3

 Exhibit 10.3 

 
  
  

INVESTOR RIGHTS AGREEMENT 

DATED AS OF July 2, 2021 

AMONG 
 ALIGHT, INC.

 AND 
 THE OTHER
PARTIES HERETO 
  
  
  

  
 H-1 

 Table of Contents 

 

							
	 	  	 	  	Page	 
	 ARTICLE I. INTRODUCTORY MATTERS
	  	 	H-3	 
	 1.1
	  	Defined Terms	  	 	H-3	 
	 1.2
	  	Construction	  	 	H-8	 
		
	 ARTICLE II. CORPORATE GOVERNANCE MATTERS
	  	 	H-8	 
			
	 2.1
	  	Initial Board Composition	  	 	H-8	 
	 2.2
	  	Election of Directors	  	 	H-8	 
	 2.3
	  	Compensation	  	 	H-10	 
	 2.4
	  	Other Rights of Investor Designees	  	 	H-10	 
	 2.5
	  	Director Independence	  	 	H-11	 
		
	 ARTICLE III. INFORMATION; VCOC
	  	 	H-11	 
			
	 3.1
	  	Books and Records; Access	  	 	H-11	 
	 3.2
	  	Certain Reports	  	 	H-11	 
	 3.3
	  	VCOC	  	 	H-11	 
	 3.4
	  	Confidentiality	  	 	H-14	 
	 3.5
	  	Information Sharing	  	 	H-14	 
		
	 ARTICLE IV. ADDITIONAL COVENANTS
	  	 	H-14	 
			
	 4.1
	  	Pledges or Transfers	  	 	H-14	 
	 4.2
	  	Spin-Offs or Split-Offs	  	 	H-14	 
	 4.3
	  	Lock-Up; Vesting; Transfer Restrictions and Requirements	  	 	H-15	 
		
	 ARTICLE V. GENERAL PROVISIONS
	  	 	H-16	 
			
	 5.1
	  	Termination	  	 	H-16	 
	 5.2
	  	Notices	  	 	H-17	 
	 5.3
	  	Amendment; Waiver	  	 	H-17	 
	 5.4
	  	Further Assurances	  	 	H-18	 
	 5.5
	  	Assignment	  	 	H-18	 
	 5.6
	  	Third Parties	  	 	H-18	 
	 5.7
	  	Governing Law	  	 	H-19	 
	 5.8
	  	Jurisdiction; Waiver of Jury Trial	  	 	H-19	 
	 5.9
	  	Specific Performance	  	 	H-19	 
	 5.10
	  	Entire Agreement	  	 	H-19	 
	 5.11
	  	Severability	  	 	H-19	 
	 5.12
	  	Table of Contents, Headings and Captions	  	 	H-19	 
	 5.13
	  	Grant of Consent	  	 	H-20	 
	 5.14
	  	Counterparts	  	 	H-20	 
	 5.15
	  	Effectiveness	  	 	H-20	 
	 5.16
	  	No Recourse	  	 	H-20	 
	 5.17
	  	Obligations are Several	  	 	H-20	 
	 5.18
	  	Amendments to Organizational Documents	  	 	H-20	 

  
 H-2 

 INVESTOR RIGHTS AGREEMENT 

This Investor Rights Agreement is entered into as of July 2, 2021 by and among Alight, Inc., a Delaware corporation (the
“Company”), each of the Persons set forth on the signature pages hereto, as the Existing Investors and the Sponsor Investors as of the date hereof, and each of the other Persons from time to time party hereto. 

RECITALS: 
 WHEREAS, in
connection with the Equity Transactions (as defined below) and effective upon the consummation thereof, the parties hereto wish to set forth certain understandings between such parties in relation to the Company, including with respect to certain
governance matters of the Company and other matters. 
 NOW, THEREFORE, the parties agree as follows: 

ARTICLE I. 
 INTRODUCTORY MATTERS

 1.1 Defined Terms. In addition to the terms defined elsewhere herein, the following terms have the following meanings when
used herein with initial capital letters. Capitalized terms used but not defined herein shall have the respective meanings given to them in the Business Combination Agreement: 

“ADIA” means the Abu Dhabi Investment Authority. 

“Affiliate” has the meaning set forth in Rule 12b-2 promulgated under the Exchange
Act, as in effect on the date hereof. 
 “Affiliated Transferees” means, with respect to any Investor, any Affiliate
thereof that is Transferred Equity Securities Beneficially Owned by such Investor as of the date hereof. 
 “Agreement”
means this Investor Rights Agreement, as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof. 

“Alight OpCo” means [Alight Holding Company, LLC], a Delaware limited liability company. 

“Alight OpCo LLC Agreement” means the Second Amended and Restated Limited Liability Company Agreement of Alight OpCo as in
effect on the Closing Date, and as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms. 

“Alight OpCo Units” means the Class A Units and Class B Units. 

“Beneficially Own” (including its correlative meanings “Beneficial Owner” and “Beneficial
Ownership” and words with a similar correlative meaning) has the meaning set forth in Rule 13d-3 promulgated under the Exchange Act. 

“Blackstone Designator” means the Blackstone Investor, or any group of Blackstone Investors collectively, that then
Beneficially Owns a majority of the Voting Securities Beneficially Owned by all Blackstone Investors. 
 “Blackstone
Designee” has the meaning assigned to such term in Section 2.1(a). 
 “Blackstone
Investors” means the entities listed on the signature pages hereto under the heading “Blackstone Investors,” any Transferee that becomes party to this Agreement as a “Blackstone Investor” in accordance with
Section 5.5 hereof, and their respective Affiliated Transferees.1 

 

	1 	 Note: To include all Blackstone related entities that will hold equity in Alight or Alight OpCo
following the consummation of the transaction (including any new feeder funds). 

  
 H-3 

 “Board” means the board of directors of the Company from time to time. 

“Business Combination Agreement” means that certain Amended and Restated Business Combination Agreement, dated as of
April 9, 2021, by and among the Company, Foley Trasimene Acquisition Corp., Alight Opco, and the other parties thereto. 

“Business Day” means a day other than a Saturday, Sunday, federal or New York State holiday or other day on which commercial
banks in New York City are authorized or required by law to close; provided, that for any act, action or notices involving or relating to the PF Investors, “Business Day” means a day other than a Friday, Saturday or any day that is
an official public holiday in the United Arab Emirates. 
 “Cannae” means Cannae Holdings, LLC, a Delaware limited
liability company, and its Affiliated Transferees. 
 “Chairman” has the meaning set forth in
Section 2.5. 
 “Class A Common Stock” means shares of class A common stock,
par value $0.0001 per share, of the Company, and any securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger, consolidation or
similar transaction. 
 “Class A Units” means the Class A Units of limited liability company
interest in Alight OpCo (other than any such interests owned, directly or indirectly, by the Company or any of its Subsidiaries). 

“Class B Common Stock” means shares of class B common stock, par value $0.0001 per share, of the Company
(comprising Class B-1 Common Stock, Class B-2 Common Stock and Class B-3 Common Stock), and any securities issued
in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger, consolidation or similar transaction. 

“Class B Units” means the Class B Units (comprising
Class B-1 Units, Class B-2 Units and Class B-3 Units) of limited liability company interest in Alight OpCo, all of
which convert into Class A Units upon vesting pursuant to the Alight OpCo LLC Agreement (other than any such interests owned, directly or indirectly, by the Company or any of its Subsidiaries). 

“Class B-1 Conversion Event” has the meaning set forth in the
Company Charter. 
 “Class B-2 Conversion Event” has the meaning
set forth in the Company Charter. 
 “Class C Units” means the Class C Units of limited liability
company interest in Alight OpCo (other than any such interests owned, directly or indirectly, by the Company or any of its Subsidiaries). 

“Class V Common Stock” means shares of class V common stock, par value $0.0001 per share, of the Company,
and any securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger, consolidation or similar transaction. 

“Closing Date” means the date of the closing of the Equity Transactions in accordance with the Business Combination
Agreement. 
 “Common Stock” means, collectively, the Class A Common Stock, Class B Common Stock and Class V
Common Stock. 
 “Company” has the meaning set forth in the Preamble. 

  
 H-4 

 “Company Charter” means the Amended and Restated Certificate of
Incorporation of the Company as in effect on the date hereof and as may be amended, restated or modified and in effect from time to time. 

“Confidential Information” means any proprietary, business relevant or sensitive information concerning the Company or its
Subsidiaries (including Alight OpCo) that is furnished after the date of this Agreement by or on behalf of the Company or its designated representatives to an Investor or its designated representatives, together with any notes, analyses, reports,
models, compilations, studies, documents, records or extracts thereof containing, based upon or derived from such information, in whole or in part; provided, however, that Confidential Information does not include information: 

(i) that is or has become publicly available other than as a result of a disclosure by an Investor or its designated representatives in
violation of this Agreement; 
 (ii) that was already known to an Investor or its designated representatives or was in the possession of an
Investor or its designated representatives prior to its being furnished by or on behalf of the Company or its designated representatives; 

(iii) that is received by an Investor or its designated representatives from a source other than the Company or its designated representatives,
provided, that the source of such information was not actually known by such Investor or designated representative to be bound by a confidentiality agreement with, or other contractual obligation of confidentiality to, the Company; 

(iv) that was independently developed or acquired by an Investor or its designated representatives or on its or their behalf without the
violation of the terms of this Agreement; or 
 (v) that an Investor or its designated representatives is required, in the good faith
determination of such Investor or designated representative, to disclose by applicable law, regulation or legal process, provided, that such Investor or designated representative first takes reasonable steps to minimize the extent of any such
required disclosure, and provided, further, that no such steps to minimize disclosure shall be required where disclosure is made (a) in response to a request by a regulatory or self-regulatory authority of competent authority or (b) in
connection with an audit or examination by a bank examiner or auditor or regulatory authority and such audit or examination does not specifically reference the Company, Alight OpCo or this Agreement. 

“Control” (including its correlative meanings, “Controlled by” and “under common Control
with”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise) of a
Person. 
 “Covered Shares” means all Equity Securities held by the Existing Investors as of the date hereof or of which
the Existing Investors acquire record or Beneficial Ownership, including by purchase, as a result of a share dividend, share split, recapitalization, combination, reclassification, exchange or change of such shares, or upon exercise or conversion of
any securities, other than any Equity Securities purchased on the open market after the Closing Date. 
 “Director” means
any director of the Company from time to time. 
 “Equity Securities” means any and all shares of Common Stock of the
Company, and any and all securities of the Company or Alight OpCo convertible into, or exchangeable or exercisable for (whether or not subject to contingencies or the passage of time, or both), such shares, and any options, warrants or other rights
to acquire shares of Common Stock of the Company; including, without limitation, Alight OpCo Units. 
 “Equity
Transactions” means the transactions contemplated by the Business Combination Agreement. 
 “Exchange Act” means
the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as the same may be amended from time to time. 

  
 H-5 

 “Existing Investors” means collectively, the Blackstone Investors, the New
Mountain Partners Investors, the GIC Investors and the PF Investors. 
 “GIC Investors” means Jasmine Ventures Pte.
Ltd., a private company limited by shares formed under the laws of Singapore, and its Affiliated Transferees. 
 “Governmental
Authority” means any federal, state, provincial, municipal, local or foreign government, governmental authority, regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality, court or
tribunal. 
 “Information” has the meaning set forth in Section 3.1 hereof. 

“Investors” means the Existing Investors and the Sponsor Investors. 

“Investor Designator” has the meaning set forth in Section 2.2(d). 

“Investor Designee” means any Blackstone Designee or Sponsor Designee. 

“Investor Lock-Up Period” has the meaning set forth in
Section 4.3(a). 
 “Jointly Designated Director” has the meaning set forth in
Section 2.1 hereof. 
 “Law” means any statute, law, ordinance, rule, treaty, code, directive,
regulation, governmental approval (whether granted or required) or Governmental Order, in each case, of any Governmental Authority. 

“NewCo” has the meaning set forth in Section 4.1 hereof. 

“New Mountain Partners Investors” means, collectively, New Mountain Partners IV
(AIV-E) L.P. and New Mountain Partners IV (AIV-E2) L.P. and their respective Affiliated Transferees. 

“Non-Recourse Party” has the meaning set forth in
Section 5.16 hereof. 
 “Non-PED Affiliate” has the
meaning set out in Section 4.5. 
 “PED Affiliate” has the meaning set out in
Section 4.5. 
 “Permitted Transferee” has the meaning set forth in
Section 4.3 hereof. 
 “Person” means any individual, firm, corporation, partnership, limited
liability company, incorporated or unincorporated association, joint venture, joint stock company, governmental agency or instrumentality or other entity of any kind. 

“PF Investors” means Platinum Falcon B 2018 RSC Limited, a restricted scope company incorporated in the Abu Dhabi Global
Market, and its Affiliated Transferees. 
 “Plan Asset Regulation” has the meaning set forth in
Section 3.3(a) hereof. 
 “Sponsors” means Bilcar FT, LP, a Delaware limited partnership, and
Trasimene Capital FT, LP, a Delaware limited partnership, and their respective Affiliated Transferees. 
 “Sponsor
Designators” means the Sponsor Investor, or any group of Sponsor Investors collectively, that then Beneficially Owns a majority of the Voting Securities Beneficially Owned by all Sponsor Investors. 

  
 H-6 

 “Sponsor Designee” has the meaning assigned to such term in
Section 2.2(c). 
 “Sponsor Investors” means the Sponsors, Cannae and THL, any Transferee thereof
that becomes party to this Agreement as a “Sponsor Investor” in accordance with Section 5.5 hereof and the respective Affiliated Transferees of any such Transferees. 

“Subsidiary” means, with respect to any Person, any corporation, company, limited liability company, partnership, association
or other business entity of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, representatives or trustees
thereof is at the time owned or Controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or any combination thereof; or (ii) if a limited liability company, partnership, association or other
business entity, a majority of the total voting power of stock or majority ownership interest of the limited liability company, partnership, association or other business entity is at the time owned or Controlled, directly or indirectly, by that
Person or one or more Subsidiaries of that Person or any combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business
entity if such Person or Persons shall (a) be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or (b) Control the managing member, managing director or other
governing body or general partner of such limited liability company, partnership, association or other business entity. 

“THL” means THL FTAC LLC, a Delaware limited liability company, and its Affiliated Transferees. 

“Total Number of Directors” means the total number of directors comprising the Board from time to time. 

“Trading Day” means a day on which the New York Stock Exchange, or such other principal United States securities exchange on
which the Class A Common Stock is listed, quoted or admitted to trading, is open for the transaction of business (unless such trading shall have been suspended for the entire day). 

“Transfer” (including its correlative meanings, “Transferor,” “Transferee” and
“Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in or to such security. When used as a noun, “Transfer” shall
have such correlative meaning as the context may require. 
 “VCOC Investor” has the meaning set forth in
Section 3.3(a) hereof. 
 “Voting Securities” means, at any time, outstanding shares of any class
of capital stock of the Company which are then entitled to vote generally in the election of directors to the Board. 

“VWAP” means, for any security as of any date(s), the dollar volume-weighted average price for such security on the principal
securities exchange or securities market on which such security is then traded during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00 p.m., New York time, as reported by Refinitiv Workspace (or an equivalent successor if
such page is not available) or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the
electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00 p.m., New York time, as reported by Refinitiv Workspace (or an equivalent successor if such page is not available), or, if
no dollar volume-weighted average price is reported for such security by Refinitiv Workspace (or an equivalent successor if such page is not available) for such hours, the average of the highest closing bid price and the lowest closing ask price of
any of the market makers for such security as reported by OTC Markets Group Inc. If the VWAP cannot be calculated for such security on such date(s) on any of the foregoing bases, the VWAP of such security on such date(s) shall be the fair market
value per share on such date(s) as reasonably determined by the Board. 

  
 H-7 

 1.2 Construction. The language used in this Agreement will be deemed to be the
language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or” is disjunctive but not exclusive, (b) words in the
singular include the plural, and in the plural include the singular, and (c) the words “hereof,” “herein,” and “hereunder” and words of similar import when used in this Agreement refer to this Agreement as a whole
and not to any particular provision of this Agreement, and Section references are to this Agreement unless otherwise specified. 
 ARTICLE
II. 
 CORPORATE GOVERNANCE MATTERS 

2.1 Initial Board Composition. Effective as of the Closing Date, the Board is anticipated to be comprised of eight (8) Directors,
as follows: (i) the Chief Executive Officer of the Company, (ii) three (3) Directors designated by the Blackstone Designator, (iii) three (3) directors jointly designated by the Sponsor Designators and (iv) one Director, to be
jointly designated as mutually agreed by the Blackstone Designator and Sponsor Designator, who shall be independent as required by the Securities and Exchange Commission and applicable listing exchange rules and regulations (such jointly designated
director, the “Jointly Designated Director”). The initial chairman of the Board (the “Chairman”) is anticipated to be William P. Foley (who shall be one of the Sponsor Designees). Mr. Foley shall be appointed
as the Chairman for so long as he is a Sponsor Designee, and, thereafter, the Chairman shall be elected by a majority of the Board. 
 2.2
Election of Directors. 
 (a) Following the Closing Date, for so long as the Blackstone Investors continue to Beneficially Own at
least 50% of the aggregate outstanding Voting Securities held by the Blackstone Investors as of the Closing Date, the Blackstone Designator shall have the right, but not the obligation, to designate, and the individuals nominated for election as
Directors by or at the direction of the Board or a duly authorized committee thereof shall include, three (3) Directors and the Blackstone Designator shall have the right, but not the obligation to (i) jointly with Cannae (or, if Cannae is
no longer a party hereto, the Sponsor Designator), designate the Jointly Designated Director (subject to Section 2.2(c)) and (ii) to consent to any individual nominated for election to the Board seat initially occupied
by the Chief Executive Officer of the Company. If and when the Blackstone Investors collectively Beneficially Own less than 50% of the aggregate outstanding Voting Securities held by the Blackstone Investors as of the Closing Date, the Blackstone
Designator shall have the right, but not the obligation, to designate, and the individuals nominated for election as Directors by or at the direction of the Board or a duly-authorized committee thereof shall include: (i) if the Blackstone
Investors collectively Beneficially Own, 7.5% or more of the aggregate outstanding Voting Securities, three (3) Directors; (ii) if the Blackstone Investors collectively Beneficially Own at least 6.25% (but less than 7.5%) of the aggregate
outstanding Voting Securities, two (2) Directors; and (iii) if the Blackstone Investors collectively Beneficially Own at least 2.5% (but less than 6.25%) of the aggregate outstanding Voting Securities, one (1) Director (in each case,
each such person a “Blackstone Designee”). In addition, if the Blackstone Investors collectively Beneficially Own at least 7.5% of the aggregate outstanding Voting Securities, the Blackstone Designator shall have the right, but not
the obligation, to (i) jointly with Cannae (or, if Cannae is no longer a party hereto, the Sponsor Designator), designate the Jointly Designated Director (subject to Section 2.2(c)) and (ii) to consent to any
individual nominated for election to the Board seat initially occupied by the Chief Executive Officer of the Company. 
 (b) Following the
Closing Date, for so long as the Sponsor Investors continue to Beneficially Own at least 50% of the aggregate outstanding Voting Securities held by the Sponsor Investors as of the Closing Date, the Sponsor Designators shall have the right, but not
the obligation, to designate, and the individuals nominated for election as Directors by or at the direction of the Board or a duly authorized committee thereof shall include, three (3) Directors (in the aggregate), and Cannae (or, if Cannae is
no longer party hereto, the Sponsor Designator) shall have the right, but not the obligation to (i) jointly with the Blackstone Designator, designate the 

  
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Jointly Designated Director (subject to Section 2.2(c)) and (ii) to consent to any individual nominated for election to the Board seat initially occupied by the
Chief Executive Officer of the Company. If and when the Sponsor Investors collectively Beneficially Own less than 50% of the aggregate outstanding Voting Securities held by the Sponsor Investors as of the Closing Date, the Sponsor Designators shall
have the right, but not the obligation, to designate, and the individuals nominated for election as Directors by or at the direction of the Board or a duly-authorized committee thereof shall include: (i) if the Sponsor Investors collectively
Beneficially Own 7.5% or more of the aggregate outstanding Voting Securities, three (3) Directors (in the aggregate); (ii) if the Sponsor Investors collectively Beneficially Own at least 6.25% (but less than 7.5%) of the aggregate
outstanding Voting Securities, two (2) Directors (in the aggregate); and (iii) if the Sponsor Investors collectively Beneficially Own at least 2.5% (but less than 6.25%) of the aggregate outstanding Voting Securities, one (1) Director
(in the aggregate) (in each case, each such person a “Sponsor Designee”). In addition, if the Sponsor Investors collectively Beneficially Own at least 7.5% of the aggregate outstanding Voting Securities, Cannae (or, if Cannae is no
longer party hereto, the Sponsor Designator) shall have the right, but not the obligation, to (i) jointly with Blackstone Designator, designate the Jointly Designated Director (subject to Section 2.2(c)) and
(ii) to consent to any individual nominated for election to the Board seat initially occupied by the Chief Executive Officer of the Company. 

(c) If at any time the Blackstone Designator or the Sponsor Designator (or Cannae, with respect to the Jointly Designated Director)
(collectively, the “Investor Designators” and each an “Investor Designator”) has designated fewer than the total number of individuals that it is then entitled to designate pursuant to
Section 2.2(a) or 2.2(b) hereof, the Blackstone Investors or the Sponsor Investors, or the Blackstone Investor and Cannae (or, the Sponsor Designator, if applicable) jointly with respect to the Jointly Designated
Director, as applicable, shall have the right, at any time and from time to time, to designate such additional individuals which it is entitled to so designate (or in the case of the Jointly Designated Director, jointly designate), in which case,
any individuals nominated by or at the direction of the Board or any duly-authorized committee thereof for election as Directors to fill any vacancy on the Board shall include such designees, and the Company shall use its best efforts to
(i) effect the election of such additional designees, whether by increasing the size of the Board or otherwise, and (ii) cause the election of such additional designees to fill any such newly-created vacancies or to fill any other existing
vacancies. If at any time either the Blackstone Investors or the Sponsor Investors no longer Beneficially Own the requisite amount of Voting Securities required to participate in the designation of the Jointly Designated Director, then the
Blackstone Designator or the Sponsor Designator, as appropriate, continuing to Beneficially Own such requisite amount of Voting Securities shall not have the unilateral right to designate the Jointly Designated Director, but instead have the right
to propose a nominee to the nominating committee of the Board, who shall be nominated (or not) in the sole discretion of the nominating committee of the Board acting in their capacity as such. 

(d) Directors are subject to removal pursuant to the applicable provisions of the certificate of incorporation and bylaws of the Company, as
in effect from time to time; provided, however, that, for as long as this Agreement remains in effect, the Blackstone Designees may only be removed with the consent of the Blackstone Designator, the Sponsor Designees may only be
removed with the consent of the Sponsor Designator and the Jointly Designated Director may only be removed with the consent of the Blackstone Designator and Cannae (or the Sponsor Designator, if applicable), in each case delivered in accordance with
Section 5.13 hereof. 
 (e) In the event that a vacancy is created at any time by death, disability, retirement,
removal (with or without cause), disqualification, resignation or otherwise with respect to a Blackstone Designee, a Sponsor Designee or the Jointly Designated Director, any individual nominated by or at the direction of the Board or any
duly-authorized committee thereof to fill such vacancy shall be, and the Company shall use its best efforts to cause such vacancy to be filled, as soon as reasonably possible, by a new designee of the Blackstone Designator, the Sponsor Designator or
(subject to Section 2.2(c)) jointly by the Blackstone Designator and Cannae (or, if applicable, the Sponsor Designator), as applicable. 

(f) The Company shall, to the fullest extent permitted by applicable Law, include in the slate of nominees recommended by the Board at any
meeting of stockholders called for the purpose of electing directors (or 

  
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consent in lieu of meeting), the persons designated pursuant to this Section 2.2 and use its reasonable best efforts to cause the election of each such designee to the
Board, including nominating each such individual to be elected as a Director as provided herein, recommending such individual’s election and soliciting proxies or consents in favor thereof. In the event that any Investor Designee or the Jointly
Designated Director shall fail to be elected to the Board at any meeting of stockholders called for the purpose of electing directors (or consent in lieu of meeting), the Company shall use its reasonable best efforts to cause such Investor Designee
or Jointly Designated Director (or a new designee of the applicable Investor Designator or new Jointly Designated Director, as appropriate) to be elected to the Board, as soon as possible, and the Company shall take or cause to be taken, to the
fullest extent permitted by Law, at any time and from time to time, all actions necessary to accomplish the same, including, without limitation, actions to effect an increase in the Total Number of Directors. 

(g) Each Investor hereby agrees with the Company to vote all Voting Securities Beneficially Owned by such Investor in favor of the slate of
Directors nominated by or at the direction of the Board or a duly authorized committee thereof in connection with each vote taken or written consent executed in connection with the election of Directors to the Board, and each Investor agrees with
the Company not to seek to remove or replace an Investor Designee (other than, in the case of any Investor Designator, such Investor Designator’s Investor Designees). For the avoidance of doubt, the covenants contained in this
Section 2.2(g) are made by each Investor solely to the Company, not to each other Investor hereto. 
 (h) In
addition to any vote or consent of the Board or the stockholders of the Company required by applicable Law or the certificate of incorporation or bylaws of the Company, and notwithstanding anything to the contrary in this Agreement, for so long as
this Agreement is in effect, (i) any action by the Board to increase the Total Number of Directors to greater than 8 (other than any increase in the Total Number of Directors in connection with the election of one or more Directors elected
exclusively by the holders of one or more classes or series of the Company’s shares other than the Common Stock) shall require the prior written consent of (A) the Blackstone Designator, for so long as the Blackstone Investors Beneficially
Own at least 7.5% of the aggregate outstanding Voting Securities and (B) the Sponsor Designator, for so long as the Sponsor Investors Beneficially Own at least 7.5% of the aggregate outstanding Voting Securities, in each case delivered in
accordance with Section 5.13 hereof and (ii) in no event shall any decrease in the Total Number of Directors, in any instance, eliminate, abridge, or otherwise modify the right of (A) the Blackstone Designator to
designate Blackstone Designees in accordance with Section 2.2(a), without the consent of the Blackstone Investors, or (B) the right of the Sponsor Designator to designate Sponsor Designees in accordance with
Section 2.2(b), without the consent of the Sponsor Designator, in each case delivered in accordance with Section 5.13 hereof. 

2.3 Compensation. Except to the extent any Investor Designator may otherwise notify the Company with respect to such Investor
Designator’s Investor Designees, each Investor Designee shall be entitled to compensation consistent with the Director compensation received by other Directors, including any fees and equity awards, provided, that (x) to the extent any
Director compensation is payable in the form of equity awards, at the election of an Investor Designee that is an employee or affiliate (within the meaning of Rule 144 under the Securities Act) of an Investor, in lieu of any equity award, such
compensation shall be paid in an amount of cash equal to the value of the equity award as of the date of the award, with any such cash subject to the same vesting terms, if any, as the equity awarded to other Directors and (y) at the election
of an Investor Designee that is an employee or affiliate (within the meaning of Rule 144 under the Securities Act) of an Investor, any Director compensation (whether cash, equity awards and/or cash in lieu of equity as may be designated by the
electing Investor Designee) shall be paid to an Investor or an Affiliate thereof specified by such Investor Designee rather than to such Investor Designee. If the Company adopts a policy that Directors own a minimum amount of equity in the Company,
any Investor Designees that is an employee or affiliate of an Investor shall not be subject to such policy unless otherwise determined by the Investor Designator designating such Investor Designee in its sole discretion. 

2.4 Other Rights of Investor Designees. Except as provided in Section 2.3, each Investor Designee serving on the Board shall be
entitled to the same rights and privileges applicable to all other members of the Board 

  
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generally or to which all such members of the Board are entitled. In furtherance of the foregoing, the Company shall, to the maximum extent permitted by applicable Law, indemnify, exculpate, and
reimburse fees and expenses of the Investor Designees (including by entering into an indemnification agreement in a form substantially similar to the Company’s form director indemnification agreement) and provide the Investor Designees with
director and officer insurance to the same extent it indemnifies, exculpates, reimburses and provides insurance for the other members of the Board pursuant to the certificate of incorporation or bylaws of the Company, applicable Law or otherwise.

 2.5 Director Independence. Notwithstanding anything to the contrary herein, the parties hereto shall ensure the composition of the
Board will continue to meet all requirements for a company listed on the New York Stock Exchange (or such other stock exchange on which the Class A Common Stock may be listed from time to time), including with respect to director independence.

 ARTICLE III. 
 INFORMATION;
VCOC 
 3.1 Books and Records; Access. The Company shall, and shall cause its Subsidiaries to, keep proper books, records and
accounts, in which full and correct entries shall be made of all financial transactions and the assets and business of the Company and each of its Subsidiaries in accordance with generally accepted accounting principles. The Company shall, and shall
cause its Subsidiaries to, (a) permit the Investors and their respective designated representatives (or other designees), at reasonable times and upon reasonable prior notice to the Company, to review the books and records of the Company or any
of such Subsidiaries and to discuss the affairs, finances and condition of the Company or any of such Subsidiaries with the officers of the Company or any such Subsidiary, (b) host regular conference calls for the Investors with senior officers
of the Company upon request and (c) provide each Investor, at its request, all information of a type, at such times and in such manner as is consistent with the Company’s past practice or that is otherwise reasonably requested by such
Investors from time to time (all such information so furnished pursuant to this Section 3.1, the “Information”). Subject to Section 3.4, any Investor (and any party receiving
Information from an Investor) who shall receive Information shall maintain the confidentiality of such Information. Notwithstanding the foregoing, that the Company shall not be required to disclose any privileged or Confidential Information of the
Company so long as the Company has used commercially reasonable efforts to enter into an arrangement pursuant to which it may provide such information to the Investors without the loss of any such privilege or otherwise as provided for in a
confidentiality agreement between the parties. 
 3.2 Certain Reports.

(a) The Company shall deliver or cause to be delivered to each Investor, at its request: 

(i) to the extent otherwise prepared by the Company, operating and capital expenditure budgets and periodic information
packages relating to the operations and cash flows of the Company and its Subsidiaries (including such periodic information packages provided to the Board); and 

(ii) to the extent otherwise prepared by the Company, such other reports and information as may be reasonably requested by such
Investor; provided, however, that in either case of clause (i) and (ii), the Company shall not be required to disclose any privileged or Confidential Information of the Company so long as the Company has used commercially reasonable
efforts to enter into an arrangement pursuant to which it may provide such information to the Investors without the loss of any such privilege or otherwise as provided for in a confidentiality agreement between the parties. 

3.3 VCOC.
 (a) With
respect to each Investor or Affiliate thereof that is intended to qualify its direct or indirect investment in the Company as a “venture capital investment” as defined in the Department of Labor regulations

  
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codified at 29 CFR Section 2510.3-101 (the “Plan Asset Regulation”) (each, a “VCOC Investor”), for so long as the
VCOC Investor, directly or through one or more Subsidiaries, continues to hold any Common Stock (or securities of Alight OpCo that may be convertible into or exchangeable for any such Common Stock or other securities of the Company or Alight OpCo
into which such Common Stock or Alight OpCo Units may be converted or for which such Common Stock or Alight OpCo Units may be exchanged), without limitation or prejudice of any of the rights provided to the Investors hereunder, the Company shall,
with respect to each such VCOC Investor: 
 (i) provide each VCOC Investor or its designated representative with: 

(A) upon reasonable notice and at mutually convenient times, the right to visit and inspect any of the offices and properties of the Company
and its Subsidiaries and inspect and copy the books and records of the Company and its Subsidiaries; 
 (B) as soon as available and in any
event within 45 days after the end of each of the first three quarters of each fiscal year of the Company, consolidated balance sheets of the Company and its Subsidiaries as of the end of such period, and consolidated statements of income and cash
flows of the Company and its Subsidiaries for the period then ended prepared in conformity with generally accepted accounting principles in the United States applied on a consistent basis, except as otherwise noted therein, and subject to the
absence of footnotes and to year-end adjustments; 
 (C) as soon as available and in any event
within 120 days after the end of each fiscal year of the Company, a consolidated balance sheet of the Company and its Subsidiaries as of the end of such year, and consolidated statements of income and cash flows of the Company and its Subsidiaries
for the year then ended prepared in conformity with generally accepted accounting principles in the United States applied on a consistent basis, except as otherwise noted therein, together with an auditor’s report thereon of a firm of
established national reputation; 
 (D) to the extent the Company is required by applicable Law or pursuant to the terms of any outstanding
indebtedness of the Company to prepare such reports, any annual reports, quarterly reports and other periodic reports pursuant to Section 13 or 15(d) of the Exchange Act, actually prepared by the Company as soon as available; and 

(E) upon written request by the VCOC Investor, copies of all materials provided to the Board, subject to appropriate protections with respect
to confidentiality and preservation of attorney-client privilege; 
 provided, that, in each case, if the Company makes the information described in
clauses (B), (C) and (D) of this Section 3.3(a)(i) available through public filings on the EDGAR System or any successor or replacement system of the U.S. Securities and Exchange Commission, the
requirement to deliver such information shall be deemed satisfied; 
 (ii) make appropriate officers and/or Directors of the Company
available, and cause the officers and directors of its Subsidiaries to be made available, periodically and at such times as reasonably requested by each VCOC Investor, upon reasonable notice and at mutually convenient times, for consultation with
such VCOC Investor or its designated representative with respect to matters relating to the business and affairs of the Company and its Subsidiaries; 

(iii) to the extent that the VCOC Investor requests to receive such information and rights, and to the extent consistent with applicable Law
or listing standards (and with respect to events which require public disclosure, only following the Company’s public disclosure thereof through applicable securities law filings or otherwise), inform each VCOC Investor or its designated
representative in advance with respect to any significant corporate actions, and to provide (or cause to be provided) each VCOC Investor or its designated 

  
 H-12 

 
representative with the right to consult with the Company and its Subsidiaries with respect to such actions should the VCOC Investor elect to do so; provided, however, that this right to
consult must be exercised within five days after the Company informs the VCOC Investor of the proposed corporate action; provided, further, that the Company shall be under no obligation to provide the VCOC Investor with any material non-public information with respect to such corporate action; and 
 (iv) provide each VCOC Investor or
its designated representative with such other rights of consultation which the VCOC Investor’s counsel may determine in writing to be reasonably necessary under applicable legal authorities promulgated after the date hereof to qualify its
investment in the Company as a “venture capital investment” for purposes of the Plan Asset Regulation; provided that the parties agree that any such rights of consultation shall be of a nature consistent with those granted above and
nothing in this Agreement shall be deemed to require the Company to grant to the VCOC Investor any additional rights with respect to the governance or management of the Company. 

(b) The Company agrees to consider, in good faith, the recommendations of each VCOC Investor or its designated representative in connection
with the matters on which it is consulted as described above in this Section 3.3, recognizing that the ultimate discretion with respect to all such matters shall be retained by the Company. 

(c) In the event a VCOC Investor or any of its Affiliates Transfers all or any portion of their investment in the Company to an Affiliated
entity that is intended to qualify its investment in the Company as a “venture capital investment” (as defined in the Plan Asset Regulation), such Transferee shall be afforded the same rights with respect to the Company afforded to the
VCOC Investor hereunder and shall be treated, for such purposes, as a third party beneficiary hereunder. 
 (d) In the event that the
Company ceases to qualify as an “operating company” (as defined in the first sentence of 2510.3-101(c)(1) of the Plan Asset Regulation), or the investment in the Company by a VCOC Investor does not
qualify as a “venture capital investment” as defined in the Plan Asset Regulation, then the Company and each Investor will cooperate in good faith and take all reasonable actions necessary, subject to applicable Law, to preserve the VCOC
status of each VCOC Investor or the qualification of the investment as a “venture capital investment,” it being understood that such reasonable actions shall not require a VCOC Investor to purchase or sell any investments. 

(e) For so long as the VCOC Investor, directly or through one or more subsidiaries, continues to hold any Common Stock (or securities of
Alight OpCo that may be convertible into or exchangeable for any such Common Stock or other securities of the Company or Alight OpCo into which such Common Stock or Alight OpCo Units may be converted or for which such Common Stock or Alight OpCo
Units may be exchanged) and upon the written request of such VCOC Investor, without limitation or prejudice of any of the rights provided to the Investors hereunder, the Company shall, with respect to each such VCOC Investor, furnish and deliver a
letter covering the matters set forth in Sections 3.3(a), 3.3(b), 3.3(c) and 3.3(d) hereof in a form and substance satisfactory to such VCOC Investor. 

(f) In the event a VCOC Investor is an Affiliate of an Investor, as described in Section 3.3(a) above, such
affiliated entity shall be afforded the same rights with respect to the Company and afforded to the Investor under this Section 3.3 and shall be treated, for such purposes, as a third party beneficiary hereunder. 

(g) For so long as any Investor that is not a VCOC Investor is a party to this Agreement (subject to Section 5.1), each such Investor
shall be provided, at its request, with the same access and information rights that are afforded to any VCOC Investor. 
 (h)
Notwithstanding anything to the contrary set forth in this Agreement, the GIC Investors and PF Investors, and their respective Affiliates, shall not be provided access to the Company’s or any of its Subsidiaries “Restricted
Information” which includes (i) any specific direct or indirect contracts by the Company or any of its 

  
 H-13 

 
Subsidiaries with the Executive Office of the President or agencies of the United States government involved in the performance of national security (including homeland security) or intelligence
functions, including but not limited to, any statements of work and any technical or other specifications related to such contracts received or used by the Company or any of its Subsidiaries, (ii) any “material non-public technical information” within the meaning of 31 C.F.R. § 800.232 of the Company or any of its Subsidiaries, or (iii) any “sensitive personal data” within the meaning of 31 C.F.R.
§ 800.241 in the Company’s or any of its Subsidiaries’ possession; provided that “Restricted Information” shall not include (x) customer and employee analytics provided on an aggregated, anonymized and de-identified basis only for so long as the provision of such analytics does not result in a violation of law, or otherwise require any filings with, any Governmental Authority or (y) summary information
presented on an aggregated basis reporting on the financial performance of the Company or any of its Subsidiaries or the Company’s or any its Subsidiaries’ government or public sector business. 

3.4 Confidentiality. Each Investor agrees that it will, and will direct its designated representatives to, keep confidential and not
disclose any Confidential Information; provided, however, that such Investor and its designated representatives may disclose Confidential Information to the other Investors, to the Investor Designees and to (a) its Affiliates and
its Affiliates’ attorneys, accountants, consultants, insurers, financing sources and other advisors in connection with such Investor’s investment in the Company, (b) any Person, including a prospective purchaser of Common Stock, as
long as such Person has first agreed, in writing, to maintain the confidentiality of such Confidential Information, (c) any of such Investor’s or its respective Affiliates’ partners, members, equityholders, directors, officers,
employees or agents who have the need to know such Confidential Information (the Persons referenced in clauses (a), (b) and (c), an Investor’s “designated representatives”) or (d) as the Company may otherwise consent in writing;
provided, further, however, that each Investor agrees to be responsible for any breaches of this Section 3.4 by such Investor’s designated representatives. 

3.5 Information Sharing. Each party hereto acknowledges and agrees that Investor Designees may share any information concerning the
Company and its Subsidiaries received by them from or on behalf of the Company or its designated representatives with each Investor and its designated representatives (subject to such Investor’s obligation to maintain the confidentiality of
Confidential Information in accordance with Section 3.4). 
 ARTICLE IV. 

ADDITIONAL COVENANTS 
 4.1
Pledges or Transfers. Upon the request of any Investor that wishes to (x) pledge, charge, hypothecate or grant security interests in any or all of the shares of Common Stock or Alight OpCo Units held by it, including to banks
or financial institutions as collateral or security for loans, advances or extensions of credit or (y) subject to Section 4.3, sell or transfer any or all of the shares of Common Stock or Alight OpCo Units held by it,
including to a third party investor, the Company agrees, subject to applicable Law, to cooperate with such Investor in taking any action (and, to the extent necessary, shall cause Alight OpCo to take any action) reasonably necessary to consummate
any such pledge, charge, hypothecation, grant or transfer, including without limitation, but subject to applicable Law, delivery of letter agreements to lenders in form and substance reasonably satisfactory to such lenders (which may include
agreements by the Company in respect of the exercise of remedies by such lenders), instructing the transfer agent to transfer any such shares of Common Stock subject to the pledge, hypothecation or grant into the facilities of The Depository Trust
Company without restricted legends and cooperating in diligence or other matters as may reasonably requested by any Investor in connection with a proposed transfer. 

4.2 Spin-Offs or Split-Offs. In the event that the Company effects the separation of any portion of its business into one or more
entities (each, a “NewCo”), whether existing or newly formed, including without limitation by way of spin-off, split-off,
carve-out, demerger, recapitalization, reorganization or similar transaction, and any Investor will receive equity interests in any such NewCo as part of such separation, the

  
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Company shall cause any such NewCo to enter into a stockholders or investor rights agreement with the Investors that provides the Investors with rights vis-à-vis such NewCo that are substantially identical to those set forth in this Agreement. 

4.3 Lock-Up; Vesting; Transfer Restrictions and Requirements. 

(a) Lock-Up. For the period beginning on the Closing Date until the earlier of (i) 180 days
thereafter or (ii) if the VWAP of the Class A Common Stock equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any twenty (20) Trading Days
within a period of thirty (30) consecutive Trading Days, 60 days thereafter (such applicable period, the “Investor Lock-Up Period”), each Existing Investor agrees with the Company that it
shall not, and shall cause any other holder of record of such Existing Investor’s Covered Shares not to, Transfer any of such Existing Investor’s Covered Shares; provided, that notwithstanding the foregoing the Existing Investors
shall be permitted to Transfer, in the aggregate among all Existing Investors and in accordance with applicable Law (including applicable securities Laws), up to thirty (30) million shares of Class A Common Stock (including through the
exchange of Class A Units for shares of Class A Common Stock) (such number of shares of Class A Common Stock, the “Unrestricted Shares”) during the Investor Lock-Up Period. A
Transfer of Unrestricted Shares may be initiated during the Investor Lock-Up Period only by a Blackstone Investor, in which case the other Existing Investors shall have the right to piggy-back on such Transfer
in accordance with the provisions of Section 3 of the Registration Rights Agreement, applied mutatis mutandis. Notwithstanding the two immediately preceding sentences post-Closing Transfers of Covered Shares that are held by any of the
Existing Investors or any of their respective Permitted Transferees (as defined below) that have entered into a written agreement contemplated by Section 4.3(d) are permitted, (i) to any investment fund or other entity
controlled or managed by or under common control with such Existing Investor, (ii) to such Existing Investor’s officers or directors or any Affiliates or family members of such Existing Investor’s officers or directors, (iii) to
any limited partners, members or stockholders of such Existing Investor or any Affiliates of such Existing Investor, or any employees of such Affiliates; (iv) in the case of an individual, by gift to a member of the individual’s immediate
family, or to a trust, the beneficiary of which is a member of the individual’s immediate family, an Affiliate of such Person, or to a charitable organization; (v) in the case of an individual, by virtue of laws of descent and distribution
upon death of the individual; (vi) in the case of an individual, pursuant to a qualified domestic relations order; (vii) by virtue of the Laws of the jurisdiction of incorporation or formation of such Existing Investor, as applicable, or
the organizational documents of such Existing Investor, as amended from time to time, upon dissolution of such Existing Investor; or (viii) in the event of the Company’s completion of a liquidation, merger, consolidation, amalgamation,
share exchange, reorganization or other similar transaction which results in the holders of all of the shares of Class A Common Stock having the right to exchange their shares for cash, securities or other property subsequent to the completion
of the Equity Transactions, including the entry into an agreement in connection with such liquidation, merger, consolidation, amalgamation, share exchange, reorganization or other similar transaction (each Transferee contemplated by clauses
(i) through (vi), each, a “Permitted Transferee”). 
 (b) Vesting. Each Existing Investor and the
Company agrees that, from and after the Closing, each share of Class B-1 Common Stock and Class B-2 Common Stock shall be unvested and restricted and that each
such share shall vest automatically and cease to be subject to any restrictions hereunder as of immediately prior to the occurrence of a Class B-1 Conversion Event or
Class B-2 Conversion Event, as applicable; provided that, during the Lock-Up Period, Section 4.3(a) hereof shall apply with respect
to any shares of Class A Common Stock issued upon any such conversion event. Upon the occurrence of (i) a Class B-1 Conversion Event, each share of
Class B-1 Common Stock shall automatically convert into one share of Company Class A Common Stock and the holder thereof shall be entitled to receive a Dividend
Catch-Up Payment in respect thereof as provided in Section 4.3(D) of the Company Charter and (ii) a Class B-2 Conversion Event, each share of Class B-2 Common Stock shall automatically convert into one share of Company Class A Common Stock and the holder thereof shall be entitled to receive a Dividend
Catch-Up Payment in respect thereof as provided in Section 4.3(D) of the Company Charter. 

  
 H-15 

 (c) Forfeiture. To the extent that, on or prior to the seventh (7th) anniversary of
the Closing Date, (i) a Class B-1 Conversion Event shall not have occurred in accordance with the Company Charter, all outstanding shares of Class B-1
Common Stock that shall not have been converted into shares of Company Class A Common Stock shall automatically be forfeited and surrendered to the Company for no consideration and any dividends or distributions previously declared in respect
of such shares and any Dividend Catch-Up Payments in respect thereof shall also be forfeited to the Company for no consideration, in accordance with Section 4.3(E) of the Company Charter or (ii) a Class B-2 Conversion Event shall not have occurred in accordance with the Company Charter, all outstanding shares of Class B-2 Common Stock that shall not have been
converted into shares of Company Class A Common Stock shall automatically be forfeited and surrendered to the Company for no consideration and any dividends or distributions previously declared in respect of such shares and any Dividend Catch-Up Payments in respect thereof shall also be forfeited to the Company for no consideration, in accordance with Section 4.3(E) of the Company Charter. Following such forfeiture, such shares of Class B-1 Common Stock or Class B-2 Common Stock shall be canceled, no longer be outstanding and become void and of no further force and effect. 

(d) Parity. The parties hereto agree that, if the lock-up provisions in Paragraph 6(b) of the
Sponsor Agreement or the forfeiture or vesting provisions or transfer restrictions with respect to the Class B Common Stock in Paragraph 7 of the Sponsor Agreement, dated as of January 25, 2021, by and among Foley Trasimene Acquisition
Corp., the Company, Alight OpCo, the Sponsors and the other parties that are signatories thereto, or in the Company Charter or with respect to the Class B Units in Article VII of the Alight OpCo LLC Agreement are modified in a manner
that is favorable to the Sponsor Investors, the corresponding modifications shall automatically apply to this Section 4.3. Similarly, to the extent that the Company waives the lock-up
provisions in Section 4.3(a) of this Agreement with respect to any Existing Investor, such waiver in connection with the lock-up provisions shall automatically apply to all other Existing Investors on a
pro rata basis. 
 (e) Transfer Restrictions. Notwithstanding anything to the contrary herein, no shares of Class B
Common Stock, or shares of Class V Common Stock shall be Transferable at any time other than to an Investor’s Permitted Transferees. Without limiting the foregoing, shares of Class V Common Stock and Class A Units shall be
Transferable solely to the extent that the same number of Class A Units or shares of Class V Common Stock, respectively, are Transferred to such Permitted Transferee. 

(f) Transfer Conditions. As a condition to any Transfer to a Permitted Transferee permitted by this
Section 4.3, each Transferee must enter into a written agreement with the Company agreeing to be bound by the provisions contained in this Section 4.3. Any Transfer in violation of the provisions
of this Section 4.3 shall be null and void ab initio and of no force or effect. 
 (g) Tax Treatment. The
parties hereto intend that, for U.S. federal and all applicable state and local income tax purposes, (i) a conversion of shares of Class B-1 Common Stock or
Class B-2 Common Stock into Company Class A Common Stock upon the occurrence of a Class B-1 Conversion Event or
Class B-2 Conversion Event, respectively, shall qualify as a “recapitalization” within the meaning of Section 368(a)(1)(E) of the Code, (ii) this Agreement be, and the parties hereby
adopt this Agreement as, a “plan of reorganization” within the meaning of Treasury Regulation Section 1.368-2(g), and (iii) the amount of any dividends declared with respect to the shares
of Class B-1 Common Stock or Class B-2 Common Stock not be reported as taxable income (on IRS Form 1099 or otherwise) to the holders thereof unless and until
such dividends are paid in cash or in kind, as the case may be. The parties to this Agreement shall not take any position inconsistent with the intent set forth in this Section 4.3(g) except to the extent otherwise required
by a law. 
 ARTICLE V. 
 GENERAL
PROVISIONS 
 5.1 Termination. Subject to the early termination of any provision as a result of an amendment to this Agreement
agreed to by the Board and the Investors, as provided under Section 5.3, and except for Section 3.3 

  
 H-16 

 
and Section 4.3 hereof, this Agreement, excluding Article V hereof, shall terminate with respect to each Investor at such time as such Investor and its Affiliates
collectively Beneficially Own less than 2.5% of the aggregate outstanding Voting Securities of the Company or such earlier time as such Investor shall deliver a written notice to the Company requesting that this Agreement terminate with respect to
such Investor in accordance with Section 5.3(d). The VCOC Investors shall advise the Company when they collectively first cease to hold any Common Stock (or other securities of the Company into which such Common Stock or
Alight OpCo Units may be converted or for which such Common Stock may be exchanged), whereupon Section 3.3 hereof shall terminate as to such VCOC Investor. 

5.2 Notices. Any notice, designation, request, request for consent or consent provided for in this Agreement shall be in writing
and shall be either personally delivered, sent by email or sent by reputable overnight courier service (charges prepaid) to the Company at the address set forth below and to any other recipient at the address indicated on the Company’s records,
or at such address or to the attention of such other Person as set forth on Schedule A hereto or as the recipient party has specified by prior written notice to the sending party. Notices and other such documents will be deemed to have been
given or made hereunder when delivered personally or sent by email and one (1) Business Day after deposit with a reputable overnight courier service. 

If to the Company: 
 Alight, Inc.

 4 Overlook Point 

Lincolnshire, IL 60069 
 Attn:
Paulette Dodson, General Counsel & Corporate Secretary 
 E-mail: paulette.dodson@alight.com 

With a copy to: 
 Kirkland &
Ellis LLP 
 601 Lexington Avenue 

New York, NY 10022 
 Attn: Peter
Martelli, P.C.; Lauren M. Colasacco, P.C.; Andrew Arons, P.C. 
 E-mail: peter.martelli@kirkland.com; lauren.colasacco@kirkland.com;
andrew.arons@kirkland.com 
 If to any of the Investors or any other Person who becomes party to this Agreement, to such Person’s
address as set forth on Schedule A hereto (as may be updated from time to time by the Company upon written notice thereof in accordance with this Section 5.2). 

5.3 Amendment; Waiver.

(a) The terms and provisions of this Agreement may be modified or amended only with the written approval of the Company and Investors holding
a majority of the Voting Securities then held by all Investors in the aggregate; provided, however, that any modification or amendment (i) to Section 2.1, Section 2.2 or this
Section 5.3 shall also require the approval of the Blackstone Designator and the Sponsor Designator and (ii) that would adversely affect the rights of, or impose any additional obligations on, any of the Existing
Investors or Sponsor Investors hereunder shall also require the approval of each of the affected Existing Investors or Sponsor Investors, as applicable. 

(b) Except as expressly set forth in this Agreement, neither the failure nor delay on the part of any party hereto to exercise any right,
remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy power or privilege preclude any other or further exercise of the same or of any other right, remedy,
power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. 

  
 H-17 

 (c) No party shall be deemed to have waived any claim arising out of this Agreement, or any
right, remedy, power or privilege under this Agreement, unless the waiver of such claim, right, remedy, power or privilege is expressly set forth in a written instrument duly executed and delivered on behalf of such party; and any such waiver shall
not be applicable or have any effect except in the specific instance in which it is given. 
 (d) Each Investor, in such Investor’s
sole discretion, may withdraw from this Agreement at any time by written notice to the Company. Thereafter, such Investor shall cease to be a party to this Agreement, shall have no further rights or obligations hereunder and none of the terms or
provisions hereof shall have any continuing force and effect with respect to such Investor; provided, that the following provisions shall survive any such withdrawal and shall continue to apply to the withdrawing Investor (and such Investor shall
continue to be a party hereto with respect to the following provisions of this Agreement): (i) until the expiration of the Investor Lock-Up Period, the transfer restrictions and requirements set forth in
Section 4.3 with respect to any Covered Shares held by such Investor and (ii) at all times that any shares of Class B Common Stock or Class V Common Stock are Beneficially Owned by such Investor,
Section 4.3 (other than, following the expiration of the Investor Lock-Up Period, Section 4.3(a)), and in each case of clauses (i) and (ii), as it
relates thereto, Article I and this Article V. 
 (e) Any party hereto may unilaterally waive any of its rights hereunder in a signed
writing delivered to the Company. 
 5.4 Further Assurances. Subject to Section 10.01(f) of the Business Combination
Agreement, the parties hereto will sign such further documents, cause such meetings to be held, resolutions passed, exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to
give full effect to this Agreement and every provision hereof. To the fullest extent permitted by applicable Law, the Company shall not directly or indirectly take any action that is intended to, or would reasonably be expected to result in, any
Investor being deprived of the rights contemplated by this Agreement. 
 5.5 Assignment; Affiliated Transferees.

(a) The rights and obligations hereunder shall not be assignable without the prior written consent of the other parties hereto;
provided, however, that, each of the Blackstone Investors and Sponsor Investors may, without the prior written consent of the Company or any other Person, assign its rights and obligations under Section 2.2 of this Agreement, in
whole or in part, to any Transferee of Voting Securities held by such Blackstone Investor or Sponsor Investor so long as any right to designate Directors to the Board will not result in the Transferee receiving the right to designate more than one
Director where such designation rights would result in the Transferee receiving the right to designate a percentage of the Total Number of Directors that is greater than the percentage of the aggregate outstanding Voting Securities held by such
Transferee after giving effect to such Transfer, if not already a party to this Agreement, executes and delivers to the Company a joinder to this Agreement evidencing its agreement to become a party to and to be bound by all of the applicable
provisions of this Agreement as a “Blackstone Investor” or “Sponsor Investor”, as applicable, hereunder, and whereupon such Transferee shall also be deemed an “Investor” hereunder. This Agreement will inure to the
benefit of and be binding on the parties hereto and their respective successors and permitted assigns. 
 (b) Any Affiliated Transferee of
an Investor who acquires Beneficial Ownership of any Equity Securities must concurrently with becoming an equityholder execute and deliver to the Company a counterparty copy of this Agreement or a joinder hereto agreeing to be bound by the terms and
conditions of this Agreement on the same terms as the applicable Investor. 
 5.6 Third Parties. Except as provided for in
Article III with respect to any VCOC Investor that is an Affiliate of an Investor, this Agreement does not create any rights, claims or benefits inuring to any person that is not a party hereto nor create or establish any third party beneficiary
hereto. 

  
 H-18 

 5.7 Governing Law. THIS AGREEMENT AND ITS ENFORCEMENT AND ANY CONTROVERSY
ARISING OUT OF OR RELATING TO THE MAKING OR PERFORMANCE OF THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE APPLICABLE TO CONTRACTS EXECUTED IN AND TO BE PERFORMED ENTIRELY IN THAT STATE, WITHOUT
REGARD TO ANY LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OR CHOICE OF LAW OR OTHERWISE. 
 5.8
Jurisdiction; Waiver of Jury Trial. Each party hereto hereby (i) agrees that any action, directly or indirectly, arising out of, under or relating to this Agreement shall exclusively be brought in and shall exclusively be heard and
determined by the Delaware Court of Chancery or, if the Delaware Court of Chancery declines to accept jurisdiction, any federal court within the State of Delaware (and if both such courts decline to accept jurisdiction, any other state court located
in the State of Delaware), and, in each case, any appellate court therefrom, and (ii) solely in connection with the action(s) contemplated by subsection (i) hereof, (A) irrevocably and unconditionally consents and submits to the exclusive
jurisdiction of the courts identified in subsection (i) hereof, (B) irrevocably and unconditionally waives any objection to the laying of venue in any of the courts identified in clause (i) of this Section 5.8, (C) irrevocably and
unconditionally waives and agrees not to plead or claim that any of the courts identified in such clause (i) is an inconvenient forum or does not have personal jurisdiction over any party hereto, (D) irrevocably and unconditionally agrees
that it is not entitled to any immunity on the basis of sovereignty or otherwise (and waives and agrees not to claim any immunity or right to claim immunity from any such action or proceeding brought in any of the courts identified in clause
(i) of this Section 5.8) and (E) agrees that mailing of process or other papers in connection with any such action in the manner provided in Section 5.2 hereof or in such other manner as may be permitted by applicable Law shall
be valid and sufficient service thereof. Notwithstanding clause (ii)(D) of this Section 5.8, neither the PF Investors nor the GIC Investors make any waiver of sovereign immunity hereby. Each of the PF Investors and the GIC Investors acknowledge
and agree that, in connection with this Agreement, such Existing Investors act in a commercial capacity and not as part of the instrumentality of a government to achieve a public function. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM OR ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE SERVICES CONTEMPLATED HEREBY. 

5.9 Specific Performance. Each party hereto acknowledges and agrees that in the event of any breach of this Agreement by any of
them, the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees to waive the defense in any action for specific performance that a remedy at law would be adequate and agrees
that the parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to seek specific performance of this Agreement without the posting of a bond. 

5.10 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter
hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof or thereof. This Agreement supersedes all other prior agreements and understandings between the parties with respect
to such subject matter. 
 5.11 Severability. If any provision of this Agreement, or the application of such provision to any Person
or circumstance or in any jurisdiction, shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby, and each other provision hereof shall be valid and enforceable to the fullest
extent permitted by law, (ii) as to such Person or circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted by law, and (iii) the application of such provision to
other Persons or circumstances or in other jurisdictions shall not be affected thereby. 
 5.12 Table of Contents, Headings and
Captions. The table of contents, headings, subheadings and captions contained in this Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the intent of any
provision hereof. 

  
 H-19 

 5.13 Grant of Consent. Any consent or approval of, or designation by, or any
other action of, an Investor Designator (in its capacity as such) hereunder shall be effective if notice of such consent, approval, designation or action is provided to the Company in accordance with Section 5.2 hereof by the applicable
Investor Designator as of the latest date any such notice is so provided to the Company. 
 5.14 Counterparts. This Agreement
and any amendment hereto may be signed in any number of separate counterparts (including by means of telecopied signature pages or electronic transmission in portable document format (pdf) or any electronic signature complying with the U.S. federal
ESIGN Act of 2000, e.g., www.docusign.com), each of which shall be deemed an original, but all of which taken together shall constitute one agreement (or amendment, as applicable). The parties irrevocably and unreservedly agree that this Agreement
may be executed by way of electronic signatures and the parties agree that this Agreement, or any part thereof, shall not be challenged or denied any legal effect, validity and/or enforceability solely on the ground that it is in the form of an
electronic record. 
 5.15 Effectiveness. This Agreement shall become effective upon the Closing Date. 

5.16 No Recourse. This Agreement may only be enforced against, and any claims or cause of action that may be based upon, arise out
of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, the transactions contemplated hereby or the subject matter hereof may only be made against the parties hereto and no past, present or future Affiliate,
director, officer, employee, incorporator, member, manager, partner, equityholder, agent, attorney or representative of any party hereto or any past, present or future Affiliate, director, officer, employee, incorporator, member, manager, partner,
equityholder, agent, attorney or representative of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability for any obligations or liabilities of the parties to this
Agreement or for any claim based on, in respect of, or by reason of, the transactions contemplated hereby. Without limiting the rights of any party against the other parties hereto, in no event shall any party or any of its Affiliates seek to
enforce this Agreement against, make any claims for breach of this Agreement against, or seek to recover monetary damages from, any Non-Recourse Party. 

5.17 Obligations are Several. For the avoidance of doubt, Except as expressly provided in this Agreement, all obligations,
representations, warranties, covenants and agreements of each party hereto contained in this Agreement are several and not joint. 
 5.18
Amendments to Organizational Documents. Following the Closing, each Investor agrees, and shall cause any of its Affiliated Transferees or other Person that is a holder of record of any of such Investor’s Covered Shares, in each case in
its capacity as a holder of Covered Shares, at any meeting of Company stockholders or members of Alight OpCo, as applicable, called for the purpose of, or in the event of any action proposed to be taken by written consent by the Company stockholders
or Alight OpCo members, as applicable, with respect to, any waiver, amendment or modification to the terms of any series of Class B Common Stock or Class B Units contained in the Company Charter or the Alight OpCo LLC Agreement, as
applicable, that are required to give effect to the provisions of Section 4.3(d) of this Agreement or Paragraph 6(d) of the Sponsor Agreement (as in effect as of the date hereof) or to provide for a proportionate waiver, modification or
amendment of any transfer restriction or vesting condition with respect to such series of Class B Common Stock or Class B Units, as applicable, in accordance with such provisions, to vote or consent all Covered Shares then held by it that
are entitled to vote on the proposal or waiver, amendment or modification in favor thereof and the Company shall and shall cause its Subsidiaries to take such actions as necessary to give effect to the provisions of Section 4.3(d) of this
Agreement and Paragraph 6(d) of the Sponsor Agreement. 
 [Remainder of Page Intentionally Left Blank] 

  
 H-20 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year
first above written. 
  

			
	 COMPANY:

	
	ALIGHT, INC.
		
	By:	 	 
	 Name:
	 	
	 Title:
	 	

 [Signature Page to Investor Rights Agreement] 

  
 H-21 

 BLACKSTONE INVESTORS: 

 

			
	 BLACKSTONE CAPITAL PARTNERS

VII NQ L.P.

		
	By:	 	Blackstone Management Associates VII NQ L.L.C., its general partner
		
	 By:
	 	 BMA VII NQ L.L.C., its sole member

		
	By:	 	 
		 	 Name:

Title:

  

			
	 BLACKSTONE CAPITAL PARTNERS

VII.2 NQ L.P.

		
	By:	 	Blackstone Management Associates VII NQ L.L.C., its general partner
		
	 By:
	 	 BMA VII NQ L.L.C., its sole member

		
	By:	 	 
		 	 Name:

Title:

  

			
	 BLACKSTONE FAMILY INVESTMENT PARTNERSHIP
VII-ESC NQ L.P.

		
	By:	 	BCP VII Side-by-Side GP NQ L.L.C., its general partner
		
	By:	 	 
		 	 Name:

Title:

 [Signature Page to Investor Rights Agreement] 

  
 H-22 

 
			
	 BCP VII SBS Holdings L.L.C.

		
	By:	 	Blackstone Side-by-Side Umbrella Partnership L.P., its managing member
		
	By:	 	Blackstone Side-by-Side Umbrella GP L.L.C., its general partner
		
	By:	 	 
		 	 Name:

Title:

  

			
	 BTAS NQ HOLDINGS L.L.C.

		
	By:	 	BTAS Associates-NQ L.L.C., its managing member
		
	By:	 	 
		 	 Name:

Title:

  

			
	 Blackstone Capital Partners VII (IPO) NQ L.P.

		
	By:	 	 [●]

		
	By:	 	 
		 	 Name:

Title:

 NEW MOUNTAIN PARTNERS INVESTORS: 

 

			
	NEW MOUNTAIN PARTNERS IV (AIV-E), L.P.
		
	By:	 	 New Mountain Investments IV, L.L.C.,
 its
general partner

		
	By:	 	 
		 	 Name:

Title:

  

			
	NEW MOUNTAIN PARTNERS IV (AIV-E2), L.P.
		
	By:	 	 New Mountain Investments IV, L.L.C.,
 its
general partner

		
	By:	 	 
		 	 Name:

Title:

 [Signature Page to Investor Rights Agreement] 

  
 H-23 

 SPONSOR INVESTORS: 

 

			
	 CANNAE HOLDINGS LLC

		
	By:	 	 
		 	 Name:

Title:

	
	 THL FTAC LLC

		
	By:	 	 
		 	 Name:

Title:

	
	 BILCAR FT, LP

	
	 By:    Bilcar FT, LLC, its general partner

		
	By:	 	 
		 	 Name:

Title:

  

			
	 TRASIMENE CAPITAL FT, LP

	
	 By:  Trasimene Capital FT, LLC, its general partner

		
	By:	 	 
		 	 Name:

Title:

 [Signature Page to Investor Rights Agreement] 

  
 H-24 

 GIC INVESTOR: 

 

			
	 JASMINE VENTURES PTE. LTD.

		
	By:	 	 
		 	 Name:

Title:

 PF INVESTORS: 

 

			
	 PLATINUM FALCON B 2018 RSC LIMITED

		
	By:	 	 
		 	 Name:

Title:

		
	By:	 	 
		 	 Name:

Title:

 [Signature Page to Investor Rights Agreement] 

  
 H-25

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