Document:

Exhibit 10.4

 

Execution Version

 

SPONSOR
AGREEMENT

 

This Sponsor Agreement
(this “Agreement”), dated as of February 2, 2021, is entered into by and among Pendrell Holicity Holdings
Corporation, a Washington corporation (the “Sponsor”), and Astra Space, Inc., a Delaware corporation (the “Company”).

 

RECITALS

 

WHEREAS, concurrently
herewith, Holicity Inc., a Delaware corporation (“Holicity”), Holicity Merger Sub Inc., a Delaware corporation
(“Merger Sub”) and the Company are entering into a Business Combination Agreement (as amended, supplemented,
restated or otherwise modified from time to time, the “Business Combination Agreement”; capitalized terms used
but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Business Combination Agreement), pursuant
to which (and subject to the terms and conditions set forth therein) Merger Sub will merge with and into the Company, with the
Company surviving the merger (the “Merger”); and

 

WHEREAS, the
Sponsor is currently the record owner of 6,731,100 outstanding Sponsor Shares (as defined herein) and 5,333,333 outstanding Private
Placement Warrants (such Sponsor Shares and Private Placement Warrants owned by the Sponsor, together with any additional shares
of Holicity Common Stock or Sponsor Shares (or any securities convertible into or exercisable or exchangeable for Holicity Common
Stock or Sponsor Shares) in which the Sponsor acquires record or beneficial ownership after the date hereof, including by purchase,
as a result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such shares,
or upon exercise or conversion of any securities, the “Covered Shares”).

 

WHEREAS, as
a condition and inducement to the willingness of the Company to enter into the Business Combination Agreement, the Company and
the Sponsor are entering into this Agreement.

 

AGREEMENT

 

NOW, THEREFORE,
in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby,
the Sponsor and the Company agree as follows:

 

1. Agreement
to Vote. Subject to the earlier termination of this Agreement in accordance with Section 21 and the last paragraph
of this Section 1, the Sponsor, solely in its capacity as a stockholder of Holicity, irrevocably and unconditionally agrees
that, at the Special Meeting, at any other meeting of the stockholders of Holicity (whether annual or special and whether or not
an adjourned or postponed meeting, however called and including any adjournment or postponement thereof) and in connection with
any written consent of the stockholders of Holicity, the Sponsor shall, and shall cause any other holder of record of any of the
Sponsor’s Covered Shares to:

 

(a) when such meeting
is held, appear at such meeting or otherwise cause the Sponsor’s Covered Shares to be counted as present thereat for the
purpose of establishing a quorum;

 

(b) vote (or execute
and return an action by written consent), or cause to be voted at such meeting (or validly execute and return and cause such consent
to be granted with respect to), all of the Sponsor’s Covered Shares owned as of the record date for such meeting (or the
date that any written consent is executed by the Sponsor) in favor of each Proposal and any other matters necessary or reasonably
requested by the Company for consummation of the Merger and the other transactions contemplated by the Business Combination Agreement;
and

 

     

     

    

  

(c) vote (or execute
and return an action by written consent), or cause to be voted at such meeting (or validly execute and return and cause such consent
to be granted with respect to), all of the Sponsor’s Covered Shares against any Business Combination proposal other than
with the Company, its shareholders and their respective Affiliates and Representatives (a “Holicity Business Combination
Proposal”) and any other action that would reasonably be expected to materially impede, interfere with, delay, postpone
or adversely affect the Merger or any of the other transactions contemplated by the Business Combination Agreement or result in
a breach of any covenant, representation or warranty or other obligation or agreement of Holicity under the Business Combination
Agreement or result in a breach of any covenant, representation or warranty or other obligation or agreement of the Sponsor contained
in this Agreement.

 

The obligations of
the Sponsor specified in this Section 1 shall apply whether or not the Merger or any action described above is recommended
by the Holicity Board or the Holicity Board previously recommended the Merger but changed such recommendation. For the avoidance
of doubt, Sponsor shall retain at all times the right to vote any Covered Shares in Sponsor’s sole discretion, and without
any other limitation, on any matters other than those expressly covered by this Section 1 that are at any time or from time to
time presented for consideration to Holicity’s stockholders.

 

2. No
Inconsistent Agreements. The Sponsor hereby covenants and agrees that the Sponsor shall not, at any time prior to the
Termination Date (as defined herein), (i) enter into any voting agreement or voting trust with respect to any of the Sponsor’s
Covered Shares that is inconsistent with the Sponsor’s obligations pursuant to this Agreement, (ii) grant a proxy or power
of attorney with respect to any of the Covered Shares that is inconsistent with the Sponsor’s obligations pursuant to this
Agreement, or (iii) enter into any agreement or undertaking that is otherwise inconsistent with, or would interfere with, or prohibit
or prevent it from satisfying, its obligations pursuant to this Agreement.

 

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

 

(a) The Sponsor is the
only record and a beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of, and has good, valid and marketable
title to, the Covered Shares, free and clear of Liens other than as created by this Agreement or the organizational documents of
Holicity (including, for the purposes hereof, any agreement between or among stockholders of Holicity). As of the date hereof,
other than the Covered Shares, the Sponsor does not own beneficially or of record any shares of capital stock of Holicity (or any
securities convertible into shares of capital stock of Holicity) or any interest therein.

 

(b) The Sponsor (i) except
as provided in this Agreement, has full voting power, full power of disposition and full power to issue instructions with respect
to the matters set forth herein, in each case, with respect to the Covered Shares, (ii) has not entered into any voting agreement
or voting trust with respect to any of the Covered Shares that is inconsistent with the Sponsor’s obligations pursuant to
this Agreement, (iii) has not granted a proxy or power of attorney with respect to any of the Sponsor’s Covered Shares that
is inconsistent with the Sponsor’s obligations pursuant to this Agreement and (iv) has not entered into any agreement or
undertaking that is otherwise inconsistent with, or would interfere with, or prohibit or prevent it from satisfying, its obligations
pursuant to this Agreement.

 

(c) The Sponsor (i) is
a legal entity duly organized, validly existing and, to the extent such concept is applicable, in good standing under the Laws
of the jurisdiction of its organization, and (ii) has all requisite corporate or other power and authority and has taken all corporate
or other action necessary in order to, execute, deliver and perform its obligations under this Agreement and to consummate the
transactions contemplated hereby. This Agreement has been duly executed and delivered by the Sponsor and constitutes a valid and
binding agreement of the Sponsor enforceable against the Sponsor in accordance with its terms, subject to applicable bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws affecting creditors’ rights generally and
subject, as to enforceability, to general principles of equity.

 

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(d) Other than the filings,
notices and reports pursuant to, in compliance with or required to be made under the Exchange Act, no filings, notices, reports,
consents, registrations, approvals, permits, waivers, expirations of waiting periods or authorizations are required to be obtained
by the Sponsor from, or to be given by the Sponsor to, or be made by the Sponsor with, any Governmental Authority in connection
with the execution, delivery and performance by the Sponsor of this Agreement, the consummation of the transactions contemplated
hereby or the Merger and the other transactions contemplated by the Business Combination Agreement.

 

(e) The execution, delivery
and performance of this Agreement by the Sponsor does not, and the consummation of the transactions contemplated hereby or the
Merger and the other transactions contemplated by the Business Combination Agreement will not, constitute or result in (i) a breach
or violation of, or a default under, the limited liability company agreement or similar governing documents of the Sponsor, (ii)
with or without notice, lapse of time or both, a breach or violation of, a termination (or right of termination) of or a default
under, the loss of any benefit under, the creation, modification or acceleration of any obligations under or the creation of a
Lien on any of the properties, rights or assets of the Sponsor pursuant to any Contract binding upon the Sponsor or, assuming (solely
with respect to performance of this Agreement and the transactions contemplated hereby), compliance with the matters referred to
in Section 3(d), under any applicable Law to which the Sponsor is subject or (iii) any change in the rights or obligations
of any party under any Contract legally binding upon the Sponsor, except, in the case of clause (ii) or (iii) directly above, for
any such breach, violation, termination, default, creation, acceleration or change that would not, individually or in the aggregate,
reasonably be expected to prevent or materially delay or impair the Sponsor’s ability to perform its obligations hereunder
or to consummate the transactions contemplated hereby, the consummation of the Merger or the other transactions contemplated by
the Business Combination Agreement.

 

(f) As of the date of
this Agreement, there is no action, proceeding or investigation pending against the Sponsor or, to the knowledge of the Sponsor,
threatened against the Sponsor that questions the beneficial or record ownership of the Covered Shares, the validity of this Agreement
or the performance by the Sponsor of its obligations under this Agreement.

 

(g) Neither the Sponsor
nor any of its Affiliates has ever been suspended or expelled from membership in any securities or commodities exchange or association
or had a securities or commodities license or registration denied, suspended or revoked.

 

(h) Neither the Sponsor
nor any Affiliate of the Sponsor, nor any director or officer of the Sponsor or Holicity, shall receive (or be entitled to receive)
from Holicity or the Company any finder’s fee, reimbursement, consulting fee, monies or consideration in the form of equity
in respect of any repayment of a loan or other compensation prior to, or in connection with, any services rendered in order to
effectuate the consummation of Holicity’s initial Business Combination (regardless of the type of transaction that it is,
but including, for the avoidance of doubt, the Merger).

 

(i) The Sponsor understands
and acknowledges that the Company is entering into the Business Combination Agreement in reliance upon the Sponsor’s execution
and delivery of this Agreement and the representations, warranties, covenants and other agreements of the Sponsor contained herein.

 

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4. Certain
Covenants of the Sponsor. The Sponsor hereby covenants and agrees as follows:

   

(a) Waiver of Anti-Dilution
Protections. The Sponsor hereby irrevocably and unconditionally (but subject to the consummation of the Merger) (x) agrees
that pursuant to Section 4.3(b)(i) of the Certificate of Incorporation the Sponsor Shares held by it shall convert into shares
of Holicity Class A Common Stock at the Initial Conversion Ratio (as such term is defined in the Certificate of Incorporation)
(as adjusted to account for any subdivision (by stock split, subdivision, exchange, stock dividend, reclassification, recapitalization
or otherwise) or combination (by reverse stock split, exchange, reclassification, recapitalization or otherwise) or similar reclassification
or recapitalization of the outstanding shares of shares of Holicity Class A Common Stock) and (y) waives any adjustment to the
Initial Conversion Ratio to which it would otherwise be entitled pursuant to Section 4.3(b)(ii) of the Certificate of Incorporation
that otherwise would result from the issuance of shares of Holicity Class A Common Stock or other equity-linked securities pursuant
to the Subscription Agreements or otherwise in connection with the Closing.

 

(b) Compliance with
Transfer Restrictions. Prior to the Termination Date, the Sponsor will comply with and not seek or agree to a waiver, amendment
or termination of the provisions of that certain Letter Agreement, dated as of August 4, 2020, by and among the Sponsor, certain
individuals who are members of Holicity’s board of directors and/or management team and Holicity, that was entered into in
connection with Holicity’s initial public offering (as it may be amended, the “Insider Letter”), including
paragraph 1 therein, regarding the Sponsor’s agreement not to redeem the Covered Shares, subject to the terms therein.

 

(c) Compliance with
Transfer Restrictions. Prior to the Termination Date, the Sponsor will comply with and not seek or agree to a waiver, amendment
or termination of the provisions of the Insider Letter, including paragraph 7(a) or (b) therein, regarding the Sponsor’s
agreement not to redeem Transfer (as defined therein) any Covered Shares, subject to paragraph 7(c) of the Insider Letter and the
other terms and conditions therein,

 

(d) Holicity Copy.
The Sponsor hereby authorizes Holicity to maintain a copy of this Agreement at either the executive office or the registered office
of Holicity.

 

5. Further
Assurances. From time to time, at the Company’s request and without further consideration, the Sponsor shall execute
and deliver such additional documents and take all such further action as may be reasonably necessary or reasonably requested to
effect the actions and consummate the transactions contemplated by this Agreement. The Sponsor further agrees not to commence or
participate in, and to take all actions necessary to opt out of any class in any class action with respect to, any action or claim,
derivative or otherwise, against Holicity, Holicity’s Affiliates, the Company or the Company’s Affiliates or any of
their respective successors and assigns challenging the transactions contemplated by this Agreement or the Business Combination
Agreement.

 

6. Disclosure.
The Sponsor hereby authorizes the Company and Holicity to publish and disclose in any announcement or disclosure required by the
SEC the Stockholder’s identity and ownership of the Covered Shares and the nature of the Stockholder’s obligations
under this Agreement; provided, that prior to any such publication or disclosure the Company and Holicity have provided
the Sponsor with an opportunity to review and comment upon such announcement or disclosure, which comments the Company and Holicity
will consider in good faith.

 

7. Changes
in Capital Stock. In the event of a stock split, stock dividend or distribution, or any change in the Company’s
capital stock by reason of any split-up, reverse stock split, recapitalization, combination, reclassification, exchange of shares
or the like, equitable adjustment shall be made to the provisions of this Agreement (including with respect to the nature and number
of equity interests covered by the terms “Covered Shares,” “Sponsor Shares” and “Private Placement
Warrants”) as may be required so that the intended rights, privileges, duties and obligations hereunder shall be given full
effect.

 

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8. Amendment
and Modification. This Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct
or otherwise, except by an instrument in writing signed by the Sponsor and the Company.

 

9. Waiver.
No failure or delay by any party hereto 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 of the parties hereto hereunder are cumulative and are not exclusive of any rights
or remedies which they would otherwise have hereunder. Any agreement on the part of a party hereto to any such waiver shall be
valid only if set forth in a written instrument executed and delivered by such party.

 

10. Notices.
All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally, by email
(with confirmation of receipt) or sent by a nationally recognized overnight courier service, such as Federal Express, to the parties
hereto at the following addresses (or at such other address for a party as shall be specified by like notice made pursuant to this
Section 10):

 

if to the Company, to it at:

 

Astra Space, Inc.

1900 Skyhawk
Street

Alameda, California
94501

Attention: Chris
Kemp

Email: chris@astra.com

 

with a copy (which shall not
constitute notice) to:

 

Ropes & Gray LLP

1211 Avenue of the
Americas

New York, NY 10036

Attention: Carl P.
Marcellino; Paul D. Tropp

Facsimile: (646) 728-1523

Email: carl.marcellino@ropesgray.com;
paul.tropp@ropesgray.com

 

if to the Sponsor, to it at:

 

Pendrell Holicity Holdings Corporation

2300 Carillon Point

Kirkland, WA 98033

Attention: Steve Ednie

Email: steve.ednie@pendrell.com

 

with a copy (which shall not
constitute notice) to:

 

Winston & Strawn
LLP

35 W. Wacker Drive

Chicago, IL 60601-9703

Attention: Jason D.
Osborn; David A. Sakowitz

Facsimile: (312) 558-5700

Email: JOsborn@winston.com;
DSakowitz@winston.com

 

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11. No
Ownership Interest. Until the Closing, nothing contained in this Agreement shall be deemed to vest in the Company any
direct or indirect ownership or incidence of ownership of or with respect to the Covered Shares of the Sponsor. Until the Closing,
all rights, ownership and economic benefits of and relating to the Covered Shares of the Sponsor shall remain vested in and belong
to the Sponsor.

 

12. Entire
Agreement. This Agreement and the Business Combination Agreement constitute the entire agreement and supersede all prior
agreements and understandings, both written and oral, between the parties hereto with respect to the subject matter hereof and
thereof.

 

13. No
Third-Party Beneficiaries. The Sponsor hereby agrees that its representations, warranties and covenants set forth herein
are solely for the benefit of the Company in accordance with and subject to the terms of this Agreement, and this Agreement is
not intended to, and does not, confer upon any Person other than the parties hereto any rights or remedies hereunder, including
the right to rely upon the representations and warranties set forth herein, and the parties hereto hereby further agree that this
Agreement may only be enforced against, and any Action that may be based upon, arise out of or relate to this Agreement, or the
negotiation, execution or performance of this Agreement may only be made against, the Persons expressly named as parties hereto;
provided, that Holicity shall be an express third party beneficiary with respect to Section 3 and Section 4
hereof.

 

14. Governing
Law and Venue; Service of Process; Waiver of Jury Trial.

 

(a) This Agreement shall
be governed by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to conflicts of laws
principles or rules to the extent such principles or rules are not mandatorily applicable and would require or permit the application
of the Law of any jurisdiction other than the State of Delaware.

 

(b) In addition, each
of the parties (i) consents to submit itself, and hereby submits itself, to the personal jurisdiction of the Court of Chancery
of the State of Delaware or, if such court does not have subject matter jurisdiction, any state or federal court located in the
State of Delaware having subject matter jurisdiction, in the event any dispute arises out of this Agreement or any of the transactions
contemplated by this Agreement, (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or
other request for leave from any such court, and agrees not to plead or claim any objection to the laying of venue in any such
court or that any judicial proceeding in any such court has been brought in an inconvenient forum, (iii) agrees that it will not
bring any action relating to this Agreement or any of the transactions contemplated by this Agreement in any court other than the
Court of Chancery of the State of Delaware or, if such court does not have subject matter jurisdiction, any state or federal court
located in the State of Delaware having subject matter jurisdiction, and (iv) consents to service of process being made through
the notice procedures set forth in Section 10.

 

(c) EACH OF THE PARTIES
HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

15. Assignment;
Successors. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any
of the parties hereto in whole or in part (whether by operation of Law or otherwise) without the prior written consent of the other
party, and any such assignment without such consent shall be null and void. This Agreement shall be binding upon, inure to the
benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns.

 

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16. Enforcement.
The rights and remedies of the parties shall be cumulative with and not exclusive of any other remedy conferred hereby. The parties
agree that irreparable damage would occur and that the parties would not have any adequate remedy at law in the event that any
of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is
accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches
of this Agreement and to enforce specifically the terms and provisions of this Agreement, including the Sponsor’s obligations
to vote its Covered Shares as provided in this Agreement, in the Court of Chancery of the State of Delaware or, if under applicable
law exclusive jurisdiction over such matter is vested in the federal courts, any state or federal court located in the State of
Delaware, without proof of actual damages or otherwise (and each party hereby waives any requirement for the securing or posting
of any bond in connection with such remedy), this being in addition to any other remedy to which they are entitled at law or in
equity.

 

17. Severability.
If any term or other provision of this Agreement is held by a court of competent jurisdiction or other authority to be invalid,
void, unenforceable or against its regulatory policy, the remainder of the terms and provisions of this Agreement shall remain
in full force and effect and shall in no way be affected, impaired or invalidated, so long as the economic and legal substance
of the transactions contemplated hereby, taken as a whole, are not affected in a manner materially adverse to any party hereto.
Upon such a determination, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties hereto as closely as possible in an acceptable manner in order that the transactions contemplated hereby
be consummated as originally contemplated to the fullest extent possible.

 

18. Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, it being
understood that each party need not sign the same counterpart. This Agreement shall become effective when each party shall have
received a counterpart hereof signed by all of the other parties. Signatures delivered electronically or by facsimile shall be
deemed to be original signatures.

 

19. Interpretation
and Construction. The words “hereof,” “herein” and “hereunder” and words of like
import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The
descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect
the meaning or interpretation of this Agreement. References to Sections are to Sections of this Agreement unless otherwise specified.
Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. The definitions contained
in this Agreement are applicable to the masculine as well as to the feminine and neuter genders of such term. Whenever the words
“include,” “includes” or “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation,” whether or not they are in fact followed by those words or words of like
import. “Writing,” “written” and comparable terms refer to printing, typing and other means of reproducing
words (including electronic media) in a visible form. References to any statute shall be deemed to refer to such statute and to
any rules or regulations promulgated thereunder. References to any person include the successors and permitted assigns of that
person. References from or through any date mean, unless otherwise specified, from and including such date or through and including
such date, respectively. In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed
as if drafted jointly by the Parties, and no presumption or burden of proof will arise favoring or disfavoring any Party by virtue
of the authorship of any of the provisions of this Agreement.

 

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20. Defined
Terms. As used herein, “Sponsor Shares” shall mean the shares held by Sponsor of Holicity Class B
Common Stock, par value $0.0001 per share, and the shares of PubCo’s Common Stock issuable upon conversion of such shares
in connection with the Closing.

 

21. Termination.
This Agreement shall terminate upon the earliest of (i) the Effective Time (which, for the avoidance of doubt shall be deemed
to occur following the performance of the covenants set forth in Section 4(a)), (ii) the termination of the Business Combination
Agreement in accordance with its terms, and (iii) the time this Agreement is terminated upon the mutual written agreement of the
Company and the Sponsor (the earliest such date under clause (i), (ii) and (iii) being referred to herein as the “Termination
Date”); provided, that the provisions set forth in Sections 9 through 20 shall survive the termination
of this Agreement.

 

[The remainder of this page is intentionally
left blank.]

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Sponsor Agreement to be executed (where applicable, by their respective officers or other authorized
Persons thereunto duly authorized) as of the date first written above.

 

	 	PENDRELL HOLICITY HOLDINGS CORPORATION
	 	 	 
	 	By:	/s/ Steve Ednie
	 	 	Name:	Steve Ednie
	 	 	Title:	Chief Financial Officer
	 	 	 
	 	ASTRA SPACE, INC. 
	 	 	 
	 	By:	/s/ Chris C. Kemp
	 	 	Name:	Chris C. Kemp
	 	 	Title:	Chief Executive Officer

 

[Signature Page to Sponsor Agreement]Exhibit 10.5

 

Execution Version

 

DIRECTOR NOMINATION AGREEMENT

 

THIS DIRECTOR NOMINATION
AGREEMENT (this “Agreement”) is made and entered into as of [●], 2021 (the “Effective
Time”), by and between Astra Space, Inc., a Delaware corporation (f/k/a Holicity Inc.) (the “Company”),
Pendrell Holicity Holdings Corporation, a Washington corporation (the “Sponsor”) and Adam P. London and
Chris C. Kemp (individually, a “Founder,” and collectively, the “Founders”),. Capitalized
terms used but not otherwise defined in this Agreement have the respective meanings given to them in the Business Combination Agreement
(as defined below).

 

WHEREAS, the Company
and certain of its affiliates have consummated the business combination and the other transactions (collectively, the “Transactions”)
contemplated by the Business Combination Agreement, dated as of February 2, 2021, by and among the Company, Holicity Inc., a Delaware
corporation and Astra Space, Inc., a Delaware corporation (the “Business Combination Agreement”);

 

WHEREAS, in its capacity
as the sponsor of the special purpose acquisition company that was the predecessor to the Company, the Sponsor desires that, after
giving effect to the Transactions, it will continue to have representation on the Board so as to continue to create value for its
direct and indirect equityholders (collectively with the Sponsor, the “Sponsor Parties”) and for the
other direct and indirect equityholders of the Company; and

 

WHEREAS, in furtherance
of the foregoing, the Sponsor desires to have certain director nomination rights with respect to the Company, and the Company and
the Founders desire to provide the Sponsor, on behalf of the Sponsor Parties, with such rights, in each case, on the terms and
conditions set forth herein.

 

NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficient of
which are hereby acknowledged, each of the parties to this Agreement agrees as follows:

 

ARTICLE I

NOMINATION RIGHT

 

Section 1.1 Board
Nomination Right.

 

(a) From the Effective
Time until the termination of this Agreement in accordance with Section 2.1, at every meeting of the board of directors
of the Company (the “Board”), or a committee thereof, or action by written consent, at or by which directors
of the Company are appointed by the Board or are nominated to stand for election and elected by stockholders of the Company, the
Sponsor shall have the right to appoint or nominate for election to the Board, as applicable, one (1) individual, to serve as director
of the Company (the individual appointed or nominated by the Sponsor for election to the Board pursuant to this Section 1.1(a),
a “Nominee”); provided, that such representative shall be reasonably acceptable to the
Founders. At the Effective Time, the Nominee shall be Craig McCaw, who the Founders have confirmed as being reasonably acceptable
to the Founders.

 

(b) The Company shall
take all necessary actions within its control, including but not limited to calling a meeting of the Board or executing an action
by unanimous written consent of the Board, such that, as of the Effective Time, the Nominee shall either be elected by the Company’s
stockholders at the meeting held to approve the Transactions or appointed to the Board as of the Effective Time as a director of
the Company.

 

(c) From and after the
Effective Time, the Company shall take all actions necessary (including, without limitation, calling special meetings of the Board
and the stockholders of the Company and recommending, supporting and soliciting proxies) to ensure that: (i) the Nominee is included
in the Board’s slate of nominees to the stockholders of the Company for the election of directors of the Company and recommended
by the Board at any meeting of stockholders called for the purpose of electing directors of the Company; and (ii) the Nominee,
if up for election, is included in the proxy statement prepared by management of the Company in connection with the Company’s
solicitation of proxies or consents in favor of the foregoing for every meeting of the stockholders of the Company called with
respect to the election of members of the Board, and at every adjournment or postponement thereof, and on every action or approval
by written resolution of the stockholders of the Company or the Board with respect to the election of directors of the Company
..

 

     

     

    

 

(d) If the Nominee ceases
to serve for any reason, the Sponsor shall be entitled to designate and appoint or nominate such person’s successor in accordance
with this Agreement and the Board shall promptly fill the vacancy with such successor Nominee; provided, that such successor
shall be reasonably acceptable to the Founders.

 

(e) Notwithstanding any
of this Section 1.1 to the contrary, the election or appointment of the Nominee to the Board shall be subject to the prior
execution by the Nominee of an irrevocable resignation letter in the form attached hereto as Exhibit A.

 

(f) The Company shall
indemnify the Nominee on the same basis as all other members of the Board and pursuant to an indemnity agreement with terms that
are no less favorable to the Nominee than the indemnity agreements entered into between the Company and its other directors.

 

(g) The Nominee shall
be entitled to compensation (including equity awards) that is consistent with the compensation received by other non-employee directors
of the Company. In addition, the Company shall pay the reasonable, documented, out-of-pocket expenses incurred by the Nominee in
connection with his or her services provided to or on behalf of the Company and its Subsidiaries, including attending Board and
committee meetings or events attended on behalf of the Company or at the Company’s request.

 

(h) Notwithstanding
the provisions of this Section 1.1, the Sponsor shall not be entitled to designate a Person as a nominee to the Board upon
a written determination by the Board or relevant committee thereof that the Person would not be qualified under any applicable
law, rule or regulation to serve as a director of the Company. In such an event, the Sponsor shall be entitled to select a Person
as a replacement Nominee and the Company shall take all necessary actions within its control to
cause that Person to be nominated as a Nominee, including, without limitation, taking such necessary actions to cause that Person
to be nominated as a Nominee at the same meeting (or, if permitted, pursuant to the same action by written consent of the stockholders)
as the initial Person was to be nominated; provided, than any such replacement Nominee shall be reasonably acceptable
to the Founders.

 

Section 1.2 Founders
Voting Agreement.

 

(a) For purposes of this
Agreement, the term “Shares” shall mean and include any securities of the Company the holders of which are entitled
to vote for members of the Board, including without limitation, all shares of Class A Common Stock and Class B Common Stock, by
whatever name called, now owned or subsequently acquired by a Founder, however acquired, whether through stock splits, stock dividends,
reclassifications, recapitalizations, similar events or otherwise.

 

(b) From the Effective
Time until the termination of this Agreement in accordance with Section 2.1, each Founder agrees to vote, or cause to be
voted, all Shares owned by such Founder, or over which such Founder has voting control, from time to time and at all times, in
whatever manner as shall be necessary to ensure that at each annual or special meeting of stockholders at which an election of
directors is held or pursuant to any written consent of the stockholders, the Nominee be elected to the Board.

 

(c) From the Effective
Time until the termination of this Agreement in accordance with Section 2.1, each Founder agrees to vote, or cause to be
voted, all Shares owned by such Founder, or over which such Founder has voting control, from time to time and at all times, in
whatever manner as shall be necessary to ensure that the Charter will not be amended without the consent of the Sponsor.

 

ARTICLE II

miscellaneous

 

Section 2.1 Termination.
This Agreement shall terminate automatically and become void and of no further force or effect, without any notice or other action
by any Person, as of the first anniversary of the Effective Time.

 

    2

     

    

 

Section 2.2 Notices.
All notices, requests and other communications to the Company hereunder shall be in writing (including electronic transmission)
and shall be given in accordance with the provisions of the Business Combination Agreement. All notices, requests and other communications
to the Sponsor hereunder shall be in writing (including electronic transmission) to the following address and shall be given in
accordance with the provisions of the Business Combination Agreement:

 

If to Sponsor,
to:

 

Pendrell Holicity Holdings Corporation

2300 Carillon Point

Kirkland, WA 98033

Attention: Steve Ednie

Email: steve.ednie@pendrell.com

 

Section 2.3 Severability.
If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public
policy, all other terms, conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long
as the economic or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially
adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being
enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
parties hereto as closely as possible in a mutually acceptable manner in order that the Transactions contemplated by this Agreement
be consummated as originally contemplated to the fullest extent possible.

 

Section 2.4 Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and shall inure to the benefit of
the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any of the rights, interests
or obligations hereunder shall be assigned, directly or indirectly, including by operation of law, by any party hereto without
the prior written consent of the other party hereto, except notwithstanding any of the foregoing, the Sponsor may, in connection
with a transfer of shares of the Company’s common stock to one of its Affiliates, assign its rights and obligations hereunder
to such Affiliate transferee, in which case the prior consent of the Company shall not be required.

 

Section 2.5 No Third
Party Beneficiaries. This Agreement is exclusively for the benefit of the parties hereto, and their respective successors and
permitted assigns, and this Agreement shall not be deemed to confer upon or give to any other third party any remedy, claim, liability,
reimbursement, cause of action or other right by virtue of any applicable law in any jurisdiction to enforce any of the terms to
this Agreement.

 

Section 2.6 Entire
Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter of this Agreement
and supersede all other prior agreements and understandings, both written and oral, between the parties with respect to the subject
matter of this Agreement. Each party hereto acknowledges and agrees that, in entering into this Agreement, such party has not relied
on any promises or assurances, written or oral, that are not reflected in this Agreement.

 

Section 2.7 Governing
Law. This Agreement, and all claims or causes of action based upon, arising out of, or related to this 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 2.8 Jurisdiction;
WAIVER OF TRIAL BY JURY. Any Action based upon, arising out of or related to this 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 Agreement or the transactions contemplated
hereby in any other court. Nothing herein contained shall be deemed to affect the right of any party hereto to serve process in
any manner permitted by Law or to commence legal proceedings or otherwise proceed against the other party hereto in any other jurisdiction,
in each case, to enforce judgments obtained in any Action brought pursuant to this Section 2.8. EACH OF THE PARTIES HERETO
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 SUBJECT MATTER HEREOF.

 

    3

     

    

 

Section 2.9 Specific
Performance. The parties hereto acknowledge that the rights of each party hereto to consummate the transactions contemplated
hereby are unique and recognize and affirm that in the event of a breach of this Agreement by any party hereto, money damages may
be inadequate and such non-breaching party may have no adequate remedy at law. Accordingly, the parties hereto agree that such
non-breaching party shall have the right to enforce its rights and the other party’s obligations hereunder by an action or
actions for specific performance and/or injunctive relief (without posting of bond or other security), including any order, injunction
or decree sought by such non-breaching party to cause the other party to perform its/their respective agreements and covenants
contained in this Agreement and to cure breaches of this Agreement, without the necessity of proving actual harm and/or damages
or posting a bond or other security therefore. Each party hereto further agrees that the only permitted objection that it may raise
in response to any action for any such equitable relief is that it contests the existence of a breach or threatened breach of this
Agreement.

 

Section 2.10 Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which taken together
shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile
or e-mail shall be as effective as delivery of a manually executed counterpart of the Agreement.

 

Section 2.11 Amendment.
This Agreement may be amended, modified or supplemented at any time only by the written consent of all of the parties hereto, and
any amendment, modification or supplement so effected shall be binding on all of the parties.

 

Section 2.12 Rights
Cumulative. Except as otherwise expressly limited by this Agreement, all rights and remedies of each of the parties hereto
under this Agreement will be cumulative, and the exercise of one or more rights or remedies will not preclude the exercise of any
other right or remedy available under this Agreement or law.

 

Section 2.13 Further
Assurances. Each of the parties hereto shall execute and deliver such further instruments and do such further acts and things
as may be required to carry out the intent and purpose of this Agreement.

 

Section 2.14 Enforcement.
Each of the parties hereto covenants and agrees that the disinterested members of the Board have the right to enforce, waive or
take any other action with respect to this Agreement on behalf of the Company.

 

Section 2.15 Headings.
The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect
any of the provisions hereof.

 

[Signature Page Follows.]

 

    4

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as a deed as of the date first written above.

 

	 	ASTRA SPACE, INC.
	 	 
	 	By:	                        
	 	Name: Chris Kemp
	 	Title:  Chief Executive Officer
	 	 
	 	PENDRELL HOLICITY HOLDINGS CORPORATION
	 	 
	 	By:	 
	 	Name: 
	 	Title: 
	 	 
	 	FOUNDERS: 
	 	 
	 	 
	 	Adam P. London
	 	 
	 	 
	 	Chris C. Kemp 

 

    5

     

    

 

Exhibit A

 

FORM OF IRREVOCABLE RESIGNATION 

 

[__], 2021

 

ASTRA SPACE, INC.

1900 Skyhawk Street

Alameda, California 94501

 

ATTENTION: SECRETARY 

 

Re: Resignation

 

Ladies and Gentlemen:

 

This irrevocable resignation is delivered
pursuant to Section 1.1(e) of the Director Nomination Agreement, dated as of [__], 2021 (the “Agreement”),
by and between Astra Space, Inc., a Delaware corporation (f/k/a Holicity Inc.) (the “Company”), the Sponsor
(as defined in the Agreement) and the Founders (as defined in the Agreement). If, following such time that the Agreement is terminated
in accordance with its terms, the Board (as such term is defined in the Agreement) requests in writing that I resign as a director
of the Company, I hereby tender the immediate resignation of my position as a director of the Company and from any and all committees
of the Board on which I serve, such resignation effective as of the time of the Board’s such written request.

 

This resignation may not be withdrawn by me at any time.

 

Sincerely,

 

___________________

[Applicable Nominee]

 

 

6

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