Document:

Exhibit
10.1(b)

 

 REGISTRATION
RIGHTS AGREEMENT JOINDER

 

Virgin
Investments Limited, a company limited by shares under the laws of the British Virgin Islands (“VIL”), and
Fifteenth Investment Company LLC, a limited liability company established under the laws of the Emirate of Abu Dhabi (“Fifteenth”),
are executing and delivering this joinder (this “Joinder”) pursuant to the Amended and Restated Registration
Rights Agreement, dated as of December 29, 2021 (as the same may hereafter be amended, the “Registration Rights Agreement”),
among Virgin Orbit Holdings, Inc., a Delaware corporation (the “Company”), and the other persons named as parties
therein. Capitalized terms used but not otherwise defined herein shall have the meanings provided in the Registration Rights Agreement.

 

By
executing and delivering this Joinder to the Company, and upon acceptance hereof by the Company upon the execution of a counterpart hereof,
each of VIL and Fifteenth hereby agrees to become a party to, to be bound by, and to comply with the Registration Rights Agreement as
a VO Holder and each of VIL and Fifteenth hereby agrees to become a party to, be bound by, and to comply with the Registration Rights
Agreement as a Holder of Registrable Securities in the same manner as if each of VIL and Fifteenth were an original signatory to the
Registration Rights Agreement, and each of VIL and Fifteenth’s shares of Common Stock shall be included as Registrable Securities
under the Registration Rights Agreement to the extent provided therein. The parties hereby agree that any reference to a VO Holder in
the Registration Rights Agreement after the date hereof shall include both VIL and Fifteenth and any references to a Holder in the Registration
Rights Agreement after the date hereof shall include VIL and Fifteenth as memorialized by this Joinder.

 

Pursuant
to Section 2.1.4 of the Registration Rights Agreement, the VO Holders may collectively demand, in the aggregate, not more than four (4)
Underwritten Shelf Takedowns in any twelve (12) month period. The parties hereby agree that VIL and Fifteenth may each demand not more
than two (2) Underwritten Shelf Takedowns in any twelve (12) month period.

 

[Signature
Pages Follow] 

 

     

     

    

 

Accordingly,
the undersigned has executed and delivered this Joinder as of the 29th day of December,2021

 

	 	Virgin Investments Limited
	 	 
	 	By:	/s/ James Cahillane
	 	Name: 	James Cahillane
	 	Its:	Authorized Signatory

 

	 	Address:
	 	 
	 	Virgin Investments Limited
	 	Craigmuir Chambers 
	 	PO Box 71
	 	Road Town, Tortola, VG
    1110 
	 	British Virgin Islands

 

	 	with copy to:
	 	Virgin Management USA, Inc.
	 	65 Bleecker Street, 6th Floor
	 	New York, NY 10012

 

[Signature
page to Joinder]

 

     

     

    

 

Accordingly,
the undersigned has executed and delivered this Joinder as of the 29th day of December, 2021.

 

	 	Virgin Investments Limited
	 	 	 
	 	By:	         
	 	Name: 	 
	 	Its:	 

 

	 	Address:
	 	 
	 	Virgin Investments Limited
	 	Craigmuir Chambers 
	 	PO Box 71
	 	Road Town, Tortola, VG 1110
	 	British Virgin Islands

 

	 	with copy to:
	 	Virgin Management USA, Inc.
	 	65 Bleecker Street, 6th Floor
	 	New York, NY 10012

 

	 	Fifteenth Investment Company LLC
	 	 	 
	 	By:	/s/ Andre Namphy
	 	Name: 	Andre Namphy
	 	Its:	Authorised Signatory

 

	 	Address:
	 	 
	 	Fifteenth Investment Company LLC
	 	Mamoura A, Muroor Street, Abu Dhabi
	 	United Arab Emirates, PO Box 45005
	 	 
	 	Attention: Andre Namphy

 

[Signature
page to Joinder]

 

     

     

    

 

Agreed and Accepted as of

 

December 29, 2021

 

	Virgin Orbit Holdings, Inc.	 
	 	 	 
	By:	/s/ Dan Hart	 
	Name: 	Dan Hart	 
	Its:	Chief Executive Officer	 

 

[Signature
page to Joinder]Exhibit 10.2(a)

 

STOCKHOLDERS’ AGREEMENT

 

This Stockholders’ Agreement
(this “Agreement”) is made as of December 29, 2021, by and among Virgin Orbit Holdings, Inc., a Delaware corporation
(the “Company”) (f/k/a NextGen Acquisition Corp. II, a Cayman Islands exempted company limited by shares prior to its
domestication as a Delaware corporation) and Vieco 10 Limited, a company limited by shares under the laws of the British Virgin Islands
(the “VO Holder” and together with any individual or entity who hereafter becomes a party to this Agreement pursuant
to Section 15, the “Voting Parties” and each a “Voting Party”).

 

RECITALS

 

WHEREAS, the Company,
Vieco USA, Inc., a Delaware corporation (“VO”) and Pulsar Merger Sub, Inc., a Delaware corporation and wholly owned
subsidiary of the Company (“Merger Sub”), have entered into an Agreement and Plan of Merger, dated as of August 22,
2021 (as amended or modified from time to time, the “Merger Agreement”), pursuant to which, among other transactions,
Merger Sub will merge with and into VO (the “Merger”), with VO continuing on as the surviving entity, in each case,
on the terms and conditions set forth therein;

 

WHEREAS, in connection
with the Merger, the Company and VO Holder are party to a Registration Rights Agreement, dated as of the date hereof (as it may be amended,
supplemented, restated and/or modified from time to time, the “Registration Rights Agreement”);

 

WHEREAS, in connection
with the Merger, the Company and the VO Holder have agreed to execute and deliver this Agreement;

 

WHEREAS, as of immediately
following the closing of the Merger (the “Closing”), the VO Holder Beneficially Owns (as defined below) the number
of shares of common stock, par value $0.0001 per share, of the Company (the “Common Stock”), set forth on Annex
A hereto;

 

WHEREAS, VO Holder
in the aggregate Beneficially Owns (as defined below) shares of Common Stock representing more than fifty percent (50%) of the outstanding
voting power of the Company;

 

WHEREAS, the number
of shares of Common Stock Beneficially Owned by any Voting Party may change from time to time, in accordance with the terms of (x) the
Certificate of Incorporation of the Company, as it may be amended, supplemented and/or restated from time to time (the “Charter”),
(y) the by-laws of the Company and (z) the Registration Rights Agreement, which changes shall be reported by any Voting Party in accordance
with the applicable provisions of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);

 

WHEREAS, each of the
Voting Parties believes that it is in their respective best interests to qualify the Company as a “controlled company” under
the listing standards of Nasdaq; and

 

WHEREAS, the parties
hereto desire to maintain a group and to enter into this Agreement to provide for voting agreements pursuant to which all of the Voting
Parties’ shares of Common Stock will be voted together with respect to elections of the Company’s Board of Directors (the
“Board”).

 

     

     

    

 

NOW THEREFORE, in consideration
of the foregoing and of the promises and covenants contained herein, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

 

AGREEMENT

 

1. Definitions.
Capitalized terms used herein but not defined in this Agreement shall have the meanings ascribed to them in the Merger Agreement. In addition
to the terms defined elsewhere in this Agreement, the following terms shall have the meanings indicated when used in this Agreement with
initial capital letters:

 

“Affiliate” shall have the meaning
ascribed to such term in Rule 12b-2 of the General Rules and Regulations under the Exchange Act.

 

“Liquidation Agreement” shall
mean that certain Transaction Support and Liquidation Agreement, dated as of July 2, 2021, by and among the VO Holder, Aabar Space Inc.
and Virgin Investments Limited.

 

“Lock-Up Period”
shall have the meaning ascribed to such term in the Stockholder Support Agreement.

 

“Necessary Action”
means, with respect to any party and a specified result, all actions (to the extent such actions are not prohibited by applicable law,
within such party’s control and do not directly conflict with any rights expressly granted to such party in this Agreement, the
Merger Agreement, the Registration Rights Agreement, the Charter or the by-laws of the Company) reasonably necessary and desirable within
his, her or its control to cause such result, including, without limitation (i) calling special meetings of the Board and the stockholders
of the Company, (ii) voting or providing a proxy with respect to the Voting Shares beneficially owned by such party, (iii) causing the
adoption of stockholders’ resolutions and amendments to the Charter or by-laws of the Company, including executing written consents
in lieu of meetings, (iv) executing agreements and instruments, (v) causing members of the Board (to the extent such members were elected,
nominated or designated by the party obligated to undertake such action) to act (subject to any applicable fiduciary duties) in a certain
manner or causing them to be removed in the event they do not act in such a manner and (vi) making, or causing to be made, with governmental,
administrative or regulatory authorities, all filings, registrations or similar actions that are required to achieve such a result.

 

“Permitted Transferees”
shall have the meaning ascribed to such term in the Stockholder Support Agreement.

 

“Stockholder Support Agreement”
shall mean that certain Stockholder Support Agreement, dated as of August 22, 2021, by and among the Company, VO Holder and VO.

 

    2

     

    

 

2. Agreement
to Vote. During the term of this Agreement, each Voting Party shall vote or cause to be voted all securities of the Company that may
be voted in the election of the Company’s directors registered in the name of, or beneficially owned (as such term is defined in
Rule 13d-3 under the Exchange Act, including by the exercise or conversion of any security exercisable or convertible for shares of Common
Stock, but excluding shares of stock underlying unexercised options or warrants) (“Beneficially Owned” or “Beneficial
Ownership”) by such Voting Party, including any and all securities of the Company acquired and held in such capacity subsequent
to the date hereof (hereinafter referred to as the “Voting Shares”), in accordance with the provisions of this Agreement,
including, without limitation, voting or causing to be voted all Voting Shares Beneficially Owned by such Voting Party so that the Board
is comprised of the Persons designated pursuant to Subsection 3(a). Except as explicitly provided in this Agreement, each Voting
Party is free to vote or cause to be voted all Voting Shares Beneficially Owned by such Voting Party. The parties hereto agree and acknowledge
that Subsection 3(a) shall not limit the number of directors of the Company that may be designated or elected by VO Holder, whether
pursuant to the TMLA or otherwise.

 

3. Board
of Directors.

 

a. Board
Representation. Subject to the terms and conditions of this Agreement and the Merger Agreement (including Section 7.6 (Post-Closing
Directors and Officers of Acquiror) thereof), from the date of this Agreement, the Company and each Voting Party shall take all Necessary
Action to cause, effective immediately following the Effective Time, the Board to be comprised of seven (7) directors or such other number
of directors as the VO Holder determines, four (4) of whom (the “VO Designees” and each a “VO Designee”)
have been initially designated as set forth on Exhibit 3(a) hereto and shall thereafter be designated by the VO Holder; provided,
that only for so long as VO Holder Beneficially Owns a number of Voting Shares representing at least the percentage set forth below of
the number of Voting Shares currently owned by VO Holder relative to the number of Voting Shares Beneficially Owned by VO Holder immediately
following the Effective Time, the Company shall, and the Voting Parties shall take all Necessary Action to, include in the slate of nominees
recommended by the Board for election as directors at each applicable annual or special meeting of the stockholders of the Company, including
at every adjournment or postponement thereof, at which directors are to be elected that number of individuals designated by VO Holder
that, if elected, will result in VO Holder having designated the number of directors serving on the Board that is shown below:

 

	Percentage	 	Number of Directors
	50% or greater	 	4
	25% or greater, up to but not including 50%	 	3
	10% or greater, up to but not including 25%	 	2
	5% or greater, up to but not including 10%	 	1
	Less than 5%	 	0

 

b. Decrease
in Designees.

 

i. Upon
any decrease in the number of directors that the VO Holder is entitled to designate for nomination to the Board, the VO Holder shall take
all Necessary Action to cause the appropriate number of Designees to offer to tender their resignation, effective as of the next annual
meeting of stockholders of the Company. Any Designee resigning pursuant to this Section 3(b) shall be permitted to continue serving
as a director until the next annual meeting of stockholders of the Company.

 

ii. If
as a result of the provisions of Section 3(a) there are no seats on the Board for which VO Holder has the right to designate a
director, the selection of such director shall be conducted in accordance with applicable law and with the Charter, by-laws of the Company,
and the other corporate governance documents of the Company.

 

    3

     

    

 

c. Resignation;
Removal; Vacancies.

 

i. Any
VO Designee may resign at any time upon written notice to the Board.

 

ii. (A)
VO Holder shall have the exclusive right to remove one or more of the VO Designees from the Board, and the Company and the Voting Parties
shall take all Necessary Action to cause the removal of any such VO Designee(s) at the written request of VO Holder and (B) VO Holder
shall have the exclusive right, in accordance with Subsection 3(a), to designate directors for election to the Board to fill vacancies
created by reason of death, removal or resignation of VO Designees, and the Company and the Voting Parties shall take all Necessary Action
to cause any such vacancies to be filled by replacement VO Designees as promptly as reasonably practicable. Notwithstanding anything to
the contrary in this Subsection 3(c)(ii), VO Holder shall not have the right to designate a replacement VO Designee, and the Company
and the Voting Parties shall not be required to take any action to cause any vacancy to be filled by any such VO Designee, to the extent
that election or appointment of such VO Designee to the Board would result in a number of directors designated by VO Holder in excess
of the number of directors that VO Holder is then entitled to designate for membership on the Board pursuant to this Agreement.

 

d. Committees. 

 

i. In
accordance with the Charter, by-laws, and other corporate governance documents of the Company, the Board may from time to time by vote
or resolution establish and maintain one or more committees of the Board, each committee to consist of one or more VO Designees. Subject
to applicable laws, stock exchange regulations and applicable listing requirements, VO Holder shall have the right to have one VO Designee
appointed to serve on each committee of the Board for so long as VO Holder is entitled to designate at least two directors to the Board.
The Voting Parties and the Company shall take all Necessary Action to cause the initial composition of certain committees of the Board
to be agreed between VO Holder and the Company. The Board may dissolve any committee or remove any member of a committee at any time,
provided that, for so long as VO Holder is entitled to designate at least two directors to the Board, following any such removal,
VO Holder shall have the right to maintain at least one VO Designee serving on such committee.

 

ii. Subject
to applicable laws and stock exchange regulations and applicable listing requirements, the VO Holder shall also have the right to appoint
one observer (a “Board Observer”) to attend any meeting of the Board for so long as the VO Holder has the right to
designate at least one director for nomination under this Agreement. Any meeting of the Board may exclude a Board Observer from access
to any meeting materials or information or meeting or portion thereof or written consent if the Board determines, in good faith, that
(i) such exclusion is reasonably necessary to protect confidential proprietary information of the Company or confidential proprietary
information of third parties that the Company is required to hold in confidence or (ii) such access would reasonably be expected to result
in a conflict of interest with the Company; provided, that such exclusion shall be limited to the portion of the meeting materials
or information or meeting or written consent that is the basis for such exclusion and shall not extend to any portion of the meeting materials
or information or meeting or written consent that does not involve or pertain to such exclusion.

 

    4

     

    

 

e. Chairperson.
For so long as VO Holder is entitled to designate four directors for election to the Board in accordance with the terms and conditions
of this Agreement, the Voting Parties and the Company shall take all Necessary Action to cause the Chairperson of the Board to be an individual
chosen by the VO Holder, who shall initially be Evan Lovell. Except as otherwise set forth herein, the majority of the Board shall determine
the Chairperson of the Board.

 

f. Voting.
Each of the Company and the Voting Parties agree not to take, directly or indirectly, any actions (including removing directors in a manner
inconsistent with this Agreement) that would frustrate, obstruct or otherwise affect the provisions of this Agreement and the intention
of the parties hereto with respect to the composition of the Board as herein stated. Each Voting Party, to the extent not prohibited by
the Charter, shall vote all Voting Shares held by such Voting Party in such manner as may be necessary to elect and/or maintain in office
as members of the Board those individuals designated in accordance with this Section 3 and to otherwise effect the intent of the
provisions of this Agreement.

 

4. Required
Approvals.

 

a. From
the date of this Agreement for so long as VO Holder is entitled to designate at least two directors to the Board pursuant to Subsection
3(a), in addition to any vote or consent of the Board or the stockholders of the Company required by applicable law, the Charter or
by-laws of the Company, the Board may not approve, or cause the Company or any of its Subsidiaries to approve, and neither the Company
nor any of its Subsidiaries may take, any action set forth on Exhibit 4(a) (whether directly or indirectly by amendment, merger,
recapitalization, consolidation or otherwise), other than as explicitly contemplated by this Agreement, the Merger Agreement, the Stockholder
Support Agreement or the Registration Rights Agreement, without the prior written consent of VO Holder.

 

b. From
the date of this Agreement for so long as VO Holder is entitled to designate at least three directors to the Board pursuant to Section
3(a), in addition to any vote or consent of the Board or the stockholders of the Company required by applicable law, the Charter or
by-laws of the Company, the Board may not approve, or cause the Company or any of its Subsidiaries to approve, and neither the Company
nor any of its Subsidiaries may take, any action set forth on Exhibit 4(b) (whether directly or indirectly by amendment, merger,
recapitalization, consolidation or otherwise), other than as explicitly contemplated by this Agreement, the Merger Agreement, the Stockholder
Support Agreement or the Registration Rights Agreement, without the prior written consent of VO Holder.

 

c. Prior
to the expiration of the Lock-Up Period, the VO Holder will first consult and discuss with the Board before (i) adopting, amending or
repealing, in whole or in part, the Charter or by-laws of the Company and (ii) taking any actions by written consent as a stockholder
of the Company.

 

    5

     

    

 

5. Controlled
Company. 

 

a. The
Voting Parties agree and acknowledge that:

 

i. by
virtue of this Agreement, from and after the date hereof, they are acting as a “group” within the meaning of Section 13(d)(3)
of the Exchange Act for the purpose of causing the Company to continue to qualify as a “controlled company” under Nasdaq Listing
Rule 5615(c); and

 

ii. by
virtue of the combined voting power of the Voting Parties of more than fifty percent (50%) of the total voting power of the shares of
capital stock of the Company outstanding as of the date hereof, the Company will, as of the date hereof, qualify as a “controlled
company” within the meaning of Nasdaq Listing Rule 5615(c).

 

b. From
and after the date hereof, the Company agrees and acknowledges that, unless otherwise agreed by VO Holder, it shall elect, to the extent
permitted under the Nasdaq Listing Rules, to be treated as a “controlled company” within the meaning of Nasdaq Listing Rule
5615(c).

 

6. Representations
and Warranties of each Voting Party. Each Voting Party on its own behalf hereby represents and warrants to the Company and each other
Voting Party, severally and not jointly, with respect to such Voting Party and such Voting Party’s ownership of his, her or its
Voting Shares set forth on Annex A, as of the date of this Agreement, as follows:

 

a. Organization;
Authority. If Voting Party is a legal entity, Voting Party (i) is duly incorporated or organized, validly existing and in good standing
under the laws of the jurisdiction of its incorporation or organization and (ii) has all requisite power and authority to enter into this
Agreement and to perform its obligations hereunder. If Voting Party is a natural person, Voting Party has the legal capacity to enter
into this Agreement and perform his or her obligations hereunder. If Voting Party is a legal entity, this Agreement has been duly authorized,
executed and delivered by Voting Party. This Agreement constitutes a valid and binding obligation of Voting Party enforceable in accordance
with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting creditors’ rights generally and by general principles of equity (regardless of whether considered in a proceeding in equity
or at law).

 

b. No
Consent.  Except as provided in this Agreement, no consent, approval or authorization of, or designation, declaration or filing
with, any Governmental Authority or other Person on the part of Voting Party is required in connection with the execution, delivery and
performance of this Agreement, except where the failure to obtain such consents, approvals, authorizations or to make such designations,
declarations or filings would not materially interfere with a Voting Party’s ability to perform his, her or its obligations pursuant
to this Agreement. If Voting Party is a natural person, no consent of such Voting Party’s spouse is necessary under any “community
property” or other laws for the execution and delivery of this Agreement or the performance of Voting Party’s obligations
hereunder. If Voting Party is a trust, no consent of any beneficiary is required for the execution and delivery of this Agreement or the
consummation of the transactions contemplated hereby.

 

    6

     

    

 

c. No
Conflicts; Litigation. Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated
hereby, nor compliance with the terms hereof, will (A) if such Voting Party is a legal entity, conflict with or violate any provision
of the organizational documents of Voting Party, or (B) violate, conflict with or result in a breach of, or constitute a default (with
or without notice or lapse of time or both) under any provision of, any trust agreement, loan or credit agreement, note, bond, mortgage,
indenture, lease or other agreement, instrument, permit, concession, franchise, license, judgment, order, notice, decree, statute, law,
ordinance, rule or regulation applicable to Voting Party or to Voting Party’s property or assets, except, in the case of clause
(B), that would not reasonably be expected to impair, individually or in the aggregate, Voting Party’s ability to fulfill its obligations
under this Agreement. As of the date of this Agreement, there is no Action pending or, to the knowledge of a Voting Party, threatened,
against such Voting Party or any of Voting Party’s Affiliates or any of their respective assets or properties that would materially
interfere with such Voting Party’s ability to perform his, her or its obligations pursuant to this Agreement or that would reasonably
be expected to prevent, enjoin, alter or delay any of the transactions contemplated by this Agreement.

 

d. Ownership
of Shares.  Voting Party Beneficially Owns his, her or its Voting Shares free and clear of all Encumbrances. Except pursuant
to this Agreement, the Merger Agreement, the Stockholder Support Agreement, the Registration Rights Agreement and the Liquidation Agreement,
there are no options, warrants or other rights, agreements, arrangements or commitments of any character to which Voting Party is a party
relating to the pledge, acquisition, disposition, Transfer or voting of Voting Shares and there are no voting trusts or voting agreements
with respect to the Voting Shares. Voting Party does not Beneficially Own (i) any shares of capital stock of the Company other than the
Voting Shares set forth on Annex A and (ii) any options, warrants or other rights to acquire any additional shares of capital stock
of the Company or any security exercisable for or convertible into shares of capital stock of the Company, other than as set forth on
Annex A (collectively, “Options”).

 

7. Covenants
of the Company.

 

a. The
Company shall: (i) take any and all action reasonably necessary to effect the provisions of this Agreement and the intention of the parties
with respect to the terms of this Agreement; and (ii) not take any action that would reasonably be expected to adversely frustrate, obstruct
or otherwise affect the rights of the VO Holder under this Agreement without the prior written consent of the VO Holder.

 

b. The
Company shall (i) purchase and maintain in effect at all times directors’ and officers’ liability insurance in an amount and
pursuant to terms determined by the Board to be reasonable and customary, (ii) for long as any VO Designee nominated pursuant to this
Agreement serves as a director on the Board, maintain such coverage with respect to such VO Designee, and (iii) cause the Charter and
by-laws of the Company (each as may be further amended, modified and/or supplemented) to at all times provide for the indemnification,
exculpation and advancement of expenses of all directors of the Company to the fullest extent permitted under applicable law; provided,
that upon removal or resignation of any VO Designee for any reason, the Company shall take all actions reasonable necessary to extend
such directors’ and officers’ liability insurance coverage for a period of not less than six (6) years from any such event
in respect of any act or omission occurring at or prior to such event.

 

    7

     

    

 

c. The
Company shall pay all reasonable out-of-pocket expenses incurred by the VO Designees in connection with the performance of his or her
duties as a director/observer and in connection with his or her attendance at any meeting of the Board. The Company shall enter into customary
indemnification agreements with each VO Designee and officer of the Company from time to time.

 

8. No
Other Voting Trusts or Other Arrangement.  Each Voting Party shall not, and shall not permit any entity under such Voting Party’s
control to (i) deposit any Voting Shares or any interest in any Voting Shares in a voting trust, voting agreement or similar agreement,
(ii) grant any proxies, consent or power of attorney or other authorization or consent with respect to any of the Voting Shares or (iii)
subject any of the Voting Shares to any arrangement with respect to the voting of the Voting Shares, in each case, that conflicts with
or prevents the implementation of this Agreement.

 

9. Additional
Shares.  Each Voting Party agrees that all securities of the Company that may vote in the election of the Company’s directors
that such Voting Party purchases, acquires the right to vote or otherwise acquires Beneficial Ownership of (including by the exercise
or conversion of any security exercisable or convertible for shares of Common Stock) after the execution of this Agreement shall be subject
to the terms of this Agreement and shall constitute Voting Shares for all purposes of this Agreement.

 

10. No
Agreement as Director or Officer.  Voting Party is signing this Agreement solely in his, her or its capacity as a stockholder
of the Company. No Voting Party makes any agreement or understanding in this Agreement in such Voting Party’s capacity as a director
or officer of the Company or any of its Subsidiaries (if Voting Party holds such office). Nothing in this Agreement will limit or affect
any actions or omissions taken by a Voting Party in his, her or its capacity as a director or officer of the Company, and no actions or
omissions taken in such Voting Party’s capacity as a director or officer shall be deemed a breach of this Agreement. Nothing
in this Agreement will be construed to prohibit, limit or restrict a Voting Party from exercising his or her fiduciary duties as an officer
or director to the Company or its stockholders.

 

11. Specific
Enforcement. It is agreed and understood that monetary damages would not adequately compensate an injured party for the breach of
this Agreement by any party hereto and, accordingly, that this Agreement shall be specifically enforceable, in addition to any other remedy
to which such injured party is entitled at law or in equity, and that any breach of this Agreement shall be the proper subject of a temporary
or permanent injunction or restraining order. Further, each party hereto waives any claim or defense that there is an adequate remedy
at law for such breach or threatened breach or an award of specific performance is not an appropriate remedy for any reason at law or
equity and agrees that a party’s rights would be materially and adversely affected if the obligations of the other parties under
this Agreement were not carried out in accordance with the terms and conditions hereof. Each party further agrees that no party shall
be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtain any remedy referred
to in this Section 11, and each party irrevocably waives any right it may have to require the obtaining, furnishing or posting
of any such bond or similar instrument.

 

    8

     

    

 

12. Termination.
Following the Closing, (a) Sections 2, 3, 4, and 7 of this Agreement shall terminate automatically (without
any action by any party hereto) on the first date on which VO Holder no longer has the right to designate a director to the Board under
this Agreement; provided, that the provisions in Section 7(b) shall survive such termination and shall terminate automatically
(without any action by any party hereto) at such time as VO Holder is no longer entitled to any rights pursuant to such section; (b) Section
5 of this Agreement shall terminate automatically (without any action by any party hereto) on the first date on which the combined
voting power of the Voting Parties no longer exceeds fifty percent (50%) of the total voting power of the Company then outstanding and
(c) the remainder of this Agreement shall terminate automatically (without any action by any party hereto) as to each Voting Party when
such Voting Party ceases to Beneficially Own any Voting Shares.

 

13. Amendments
and Waivers.  Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing
and is signed by the Company and the VO Holder; provided, however, that notwithstanding the foregoing, any amendment hereto or
waiver hereof that adversely affects one Holder, solely in its capacity as a holder of the shares of capital stock of the Company, in
a manner that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected. No
failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single
or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The
rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

 

14. Stock
Splits, Stock Dividends, etc. In the event of any stock split, stock dividend, recapitalization, reorganization or the like, any securities
issued with respect to Voting Shares held by Voting Parties shall become Voting Shares for purposes of this Agreement. During the term
of this Agreement, all dividends and distributions payable in cash with respect to the Voting Shares shall be paid, as applicable, to
each of the undersigned Voting Parties and all dividends and distributions payable in Common Stock or other equity or securities convertible
into equity with respect to the Voting Shares shall be paid, as applicable, to each of the undersigned Voting Parties, but all dividends
and distributions payable in Common Stock or other equity or securities convertible into equity shall become Voting Shares for purposes
of this Agreement.

 

15. Assignment. 

 

a. Neither
this Agreement nor any of the rights, duties, interests or obligations of the Company hereunder shall be assigned or delegated by the
Company in whole or in part.

 

    9

     

    

 

b. Prior
to the expiration of the Lock-Up Period, no Voting Party may assign or delegate such Voting Party’s rights, duties or obligations
under this Agreement, in whole or in part, except in connection with a transfer of Voting Shares by such Voting Party to a Permitted Transferee
in accordance with the terms of the Stockholder Support Agreement and this Section 15; provided, that, with respect to VO
Holder, the rights hereunder that are personal to VO Holder, as applicable, may not be assigned or delegated in whole or in part, except
that (i) VO Holder shall be permitted to transfer rights hereunder as VO Holder to one or more Affiliates or any direct or indirect partners,
members or equity holders of VO Holder, (each, a “Transferee”) and (ii) VO Holder shall be permitted to designate any
Transferee as “VO Holder”, as applicable, for purposes of this Agreement as if such Transferee were an initial signatory hereto.

 

c. This
Agreement and the provisions hereof shall, subject to Section 15(b), inure to the benefit of, shall be enforceable by and shall
be binding upon the respective assigns and successors in interest of the Voting Parties, including with respect to any of such Voting
Party’s Voting Shares that are transferred to a Permitted Transferee in accordance with the terms of this Agreement and the Stockholder
Support Agreement.

 

d. No
assignment in accordance with this Section 15 by any party hereto (including pursuant to a transfer of any Voting Party’s
Voting Shares) of such party’s rights, duties and obligations hereunder shall be binding upon or obligate the Company or any other
party hereto unless and until each of the other parties hereto shall have received (i) written notice of such assignment as provided in
Section 22 and (ii) the executed written agreement of the assignee, in a form reasonably satisfactory to each of the other parties
hereto, to be bound by the terms and provisions of this Agreement (which may be accomplished by an addendum or certificate of joinder
to this Agreement) as fully as if it were an initial signatory hereto. Each Voting Party shall not permit the transfer of any such Voting
Party’s Voting Shares to a Permitted Transferee unless and until the person to whom such securities are to be transferred has executed
a written agreement as provided in clause (ii) of the preceding sentence.

 

e. Any
transfer or assignment made other than as provided in this Section 15 shall be null and void.

 

f. Notwithstanding
anything herein to the contrary, for purposes of determining the number of shares of capital stock of the Company held by VO Holder, the
aggregate number of shares so held by VO Holder shall include any shares of capital stock of the Company transferred or assigned to a
Permitted Transferee in accordance with the provisions of this Section 15; provided, that any such Permitted Transferee
has executed a written agreement agreeing to be bound by the terms and provisions of this Agreement as contemplated by Section 15(d)
above, including agreeing to vote or cause to be voted the Voting Shares Beneficially Owned by such Permitted Transferee as required of
a Voting Party hereunder.

 

16. Other
Rights.  Except as provided by this Agreement, each Voting Party shall retain the full rights of a holder of shares of capital
stock of the Company with respect to the Voting Shares, including the right to vote the Voting Shares subject to this Agreement.

 

    10

     

    

 

17. Severability.
In the event that any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby.

 

18. Governing
Law. This Agreement, the rights and duties of the parties hereto, any disputes (whether in contract, tort or statute), and the legal
relations between the parties arising hereunder shall be governed by and interpreted and enforced in accordance with the laws of the State
of Delaware without reference to its conflicts of laws provisions.

 

19. Jurisdiction. 
Any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this
Agreement shall be brought against any of the parties in the United States District Court for the District of Delaware or any Delaware
state court located in Wilmington, Delaware, and each of the parties hereby consents to the exclusive jurisdiction of such court (and
of the appropriate appellate courts) in any such suit, action or proceeding and waives any objection to venue laid therein. Process in
any such suit, action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any
such court.

 

20. WAIVER
OF JURY TRIAL.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT.

 

21. Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall
constitute one instrument.

 

22. Notices. 
Any notices provided pursuant to this Agreement shall be in writing and given by (i) deposit in the United States mail, addressed to the
party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person or by courier
service providing evidence of delivery, or (iii) transmission by electronic mail.  Notices provided pursuant to this Agreement shall
be provided, (x) if to the Company, in accordance with the terms of the Merger Agreement, (y) if to any other party hereto, to the address
or email address, as applicable, of such party set forth on Annex A hereto, or (z) to any other address or email address, as a
party designates in writing to the other parties in accordance with this Section 22.

 

23. Entire
Agreement. This Agreement constitutes the full and entire understanding and agreement among the parties, and supersedes any prior
agreement or understanding among the parties, with regard to the subject matter hereof, and no party shall be liable or bound to any other
party in any manner by any warranties, representations or covenants except as specifically set forth herein.

 

[Remainder of page intentionally left blank;
signature pages follow]

 

    11

     

    

 

IN WITNESS WHEREOF, the parties
hereto have duly executed this Agreement as of the date first above written.

 

	 	THE COMPANY:
	 	 	 
	 	Virgin Orbit Holdings, Inc.
	 	 	 
	 	By:	/s/ Dan Hart
	 	Name: 	Dan Hart
	 	Title: 	Chief Executive Officer

 

[Signature Page to Stockholders’ Agreement]

 

     

     

    

 

	 	VO HOLDER
	 	 
	 	VIECO 10 LIMITED
	 	 
	 	By:	/s/ James Cahillane
	 	Name:	James Cahillane
	 	Title:	Authorized Signatory

 

[Signature Page to Stockholders’ Agreement]

 

     

     

    

 

Annex A

 

Voting Shares

 

	Holder	Address	Shares of 

Common 

Stock	Warrants	Options	Other Equity 

Securities/Rights 

to Acquire Equity 

Securities
	Vieco 10 Limited	
    Vieco 10 Limited

    Craigmuir Chambers

    PO Box 71

    Road Town

    Tortola

    British Virgin Islands

    Email: VGhl@harneys.com

     

    with copies to (which shall not constitute notice):

     

    Virgin Management USA, Inc.

    65 Bleecker Street, 6th Floor

    New York, NY 10012

    Attention: James Cahillane, General Counsel

    Email: James.Cahillane@virgin.com

     

    Latham & Watkins LLP

    885 Third Avenue

    New York, New York 10022

    Attention: Justin G. Hamill

    Nima Movahedi

    Email: justin.hamill@lw.com

    nima.movahedi@lw.com
	301,981,419	 	 	 

 

     

     

    

 

Exhibit 3(a)

Initial Designees

 

	1.	 	Evan Lovell
	2.	 	Abdulla Shadid
	3.	 	Susan Helms
	4.	 	Katharina McFarland

 

     

     

    

 

Exhibit 4(a)

List of Matters for Required Approvals

 

		1.	Sale or any merger, consolidation, purchase of an equity interest, tender offer, exchange offer, other
secondary acquisition, business combination or similar transaction to which the Company or any of its Subsidiaries is a party (in one
transaction or a series of related transactions);

 

		2.	Amendment, modification or waiver of any term or condition of this Agreement or the Registration Rights
Agreement, any provision of the Charter or by-laws of the Company or any organizational or governing document of any of the Subsidiaries
of the Company;

 

		3.	Liquidation, dissolution, winding-up or causing any voluntary bankruptcy or related actions with respect
to the Company or any of its Subsidiaries; or

 

		4.	Issuance or sale of any shares of capital stock of the Company or any of its Subsidiaries or securities
convertible into or exercisable for any shares of capital stock of the Company or any of its Subsidiaries in excess of 5% of the then-issued
and outstanding shares of capital of the Company, other than issuances of shares of capital stock upon the exercise of options to purchase
shares of capital stock of the Company or any Subsidiary, as the case may be, in accordance with their respective terms.

 

     

     

    

 

Exhibit 4(b)

List of Matters for Required Approvals

 

 

		1.	Sale or any merger, consolidation, purchase of an equity interest, tender offer, exchange offer, other
secondary acquisition, business combination or similar transaction to which the Company or any of its Subsidiaries is a party (in one
transaction or a series of related transactions), having a fair market value of $10,000,000 or more;

 

		2.	Non-ordinary course sale, exchange, transfer, lease, disposition, surrender or abandonment of any assets
of the Company or any Subsidiary of the Company (in one transaction or a series of related transactions), including any equity interest
in any Subsidiary of the Company, having a fair market value of $10,000,000 or more;

 

		3.	Acquisition of the business or assets (to the extent such acquisition of assets is non-ordinary course)
of any other entity (in one transaction or a series of related transactions) having a fair market value of $10,000,000 or more;

 

		4.	Acquisition of an equity interest in any other entity, by merger, purchase of equity interests or otherwise
(in one transaction or a series of related transactions) having a fair market value of $10,000,000 or more, other than the incorporation,
formation, establishment or similar by the Company or any of its Subsidiaries of a new wholly owned Subsidiary thereof;

 

		5.	Engagement by the Company or its Subsidiaries (but not the Board of Directors or any committee thereof)
of any professional advisers, including, without limitation, investment bankers and financial advisers, for any matters set forth in this
Exhibit 4(b);

 

		6.	Approval of any non-ordinary course investment (including capital contribution) or expenditure or execution
of any agreement reasonably likely to result in costs and expenses (in one transaction or contract or a series of related transactions
or contracts) having a fair market value of $10,000,000 or more (other than any investment or expenditure expressly contemplated by the
annual operating budget of the Company then in effect);

 

		7.	Increase or decrease the size of the Board;

 

		8.	Issuance or sale of any shares of capital stock of the Company or any of its Subsidiaries or securities
convertible into or exercisable for any shares of capital stock of the Company or any of its Subsidiaries, other than issuances of shares
of capital stock upon the exercise of options to purchase shares of capital stock of the Company or any Subsidiary, as the case may be,
in accordance with their respective terms;

 

     

     

    

 

		9.	(A) making of any dividends or other distributions to the stockholders of the Company or (B) other than
(i) redemptions made pursuant to any Acquiror Share Redemptions or (ii) any redemptions, repurchases, acquisitions or similar transactions
of equity securities in the Company or any of its Subsidiaries in connection with the cessation of employment or service of a Person at
a price no less than the then-current fair market value thereof and pursuant to the terms and conditions of the underlying applicable
purchase, grant, award or other documentation approved by the Board, any redemption, repurchase or other acquisition of (x) shares of
capital stock of the Company by the Company or (y) any shares of capital stock or other equity securities in any Subsidiary of the Company
by the Company or any Subsidiary thereof (other than acquisitions or equity securities of a direct or indirect wholly owned Subsidiary
of the Company by the Company or another direct or indirect wholly owned Subsidiary of the Company);

 

		10.	(A) incurrence of indebtedness or guarantee of indebtedness of any third party other than the incurrence
of indebtedness (i) pursuant to ordinary course trade payables or (ii) in an amount not to exceed $25,000,000 in aggregate principal amount
in a single transaction or $100,000,000 in aggregate consolidated indebtedness for the Company, (B) amendment of the material terms of
any indebtedness for borrowed money of the Company or any of its Subsidiaries or (C) refinance of indebtedness for borrowed money of the
Company or any of its Subsidiaries;

 

		11.	Amendment, modification or waiver of any term or condition of this Agreement or the Registration Rights
Agreement, any provision of the Charter or by-laws of the Company or any organizational or governing document of any of the Subsidiaries
of the Company;

 

		12.	Liquidation, dissolution, winding-up or causing any voluntary bankruptcy or related actions with respect
to the Company or any of its Subsidiaries;

 

		13.	Entry into of a “related party transaction” under Item 404 of Regulation S-K; or

 

		14.	Authorization or approval, or entrance into any agreement to do any of the foregoing.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}]]