Document:

Exhibit
10.1

 

STOCK
PURCHASE AGREEMENT

 

Dated
as of

 

August
30, 2017

 

by
and between

 

AERLINE
HOLDINGS INC.

 

as
Seller

 

and

 

BALTIA
AIR LINES, INC.

 

(d/b/a
US GLOBAL AIRWAYS)

 

as
Buyer

 

 

 

 

 

 

 

 

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CONTENTS

 

	ARTICLE
    I DEFINITIONS	1
	 	 
	ARTICLE II PURCHASE
    AND SALE OF SHARES	7
	 	 
	ARTICLE III CLOSING
    AND PURCHASE PRICE	10
	 	 
	ARTICLE IV REPRESENTATIONS
    AND WARRANTIES OF SELLER	10
	 	 
	ARTICLE V REPRESENTATIONS
    AND WARRANTIES OF BUYER	11
	 	 
	ARTICLE VI COVENANTS
    OF THE PARTIES	13
	 	 
	ARTICLE VII CONDITIONS
    TO OBLIGATIONS OF THE PARTIES	16
	 	 
	ARTICLE VIII TERMINATION	18
	 	 
	ARTICLE IX MISCELLANEOUS	23
	 	 
	DISCLOSURE SCHEDULE	26
	 	 
	SCHEDULE OF ASSETS	27
	 	 
	SCHEDULE OF CERTAIN
    EMPLOYEES	28
	 	 
	EXHIBIT I  AIRCRAFT
    LEASE AGREEMENT	29

 

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STOCK
PURCHASE AGREEMENT

 

This
STOCK PURCHASE AGREEMENT is dated as of August 30, 2017 (the "Agreement Date"), by and between AerLine
Holdings Inc., a Delaware corporation having an office at 121 Alhambra Plaza, Suite 1700, Coral Gables, Florida 33134
("Seller"), and Baltia Air Lines, Inc. (d/b/a US Global Airways), a New York corporation
having an office at Hangar G, 169 NY-17K, Suite U-14, Newburgh, New York 12550 ("Buyer").

 

WITNESSETH

 

WHEREAS,
Seller is the sole shareholder of Songbird Airways, Inc., a California corporation which is engaged in the business of providing
general passenger charter flight services ("Songbird");

 

WHEREAS,
Seller would like to sell Songbird and Buyer would like to buy Songbird in accordance with and subject to the terms of this Agreement,
pursuant to which Buyer would acquire 100% of the outstanding and issued shares (the "Shares") of Songbird (the
"Transaction"); and

 

WHEREAS,
Seller and Buyer have determined that it is in their respective best interests to consummate the Transaction and in furtherance
thereof, have approved this Agreement and the transactions contemplated hereby.

 

NOW,
THEREFORE, in consideration of the mutual representations, warranties, covenants and agreements contained herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and subject to the terms and conditions
hereof, the parties, intending to be legally bound, hereby agree as follows:

 

ARTICLE
I         DEFINITIONS

 

1.1          Defined
Terms. As used herein, the terms below shall have the following respective meanings:

 

''Affiliate"
of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by,
or is under common control with, such Person. The term "control" (including the terms "controlled by" and
"under common control with") means the possession, directly or indirectly, of the power to direct or cause the direction
of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

 

"Agreement"
shall mean this stock purchase agreement (together with all schedules and exhibits referenced herein).

 

"Agreement
Date" shall have the meaning ascribed to such term in the preamble.

 

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“Aircraft”
shall mean one B737-400 aircraft bearing manufacturer serial number 25417 (as further described in the Aircraft Lease Agreement).

 

“Aircraft
Lease Agreement” shall mean that certain Aircraft Lease Agreement executed by and between AerSale 25417 LLC as lessor
and Songbird as lessee in respect of the Aircraft, to govern the period from and after Closing, and as attached hereto as Exhibit
1.

 

"Ancillary
Instruments" means all schedules, exhibits, certificates, agreements, documents or statements delivered pursuant to this
Agreement;

 

“Assets”
shall mean certain items of personal property owned by Songbird as listed on the Schedule of Assets.

 

"Books
and Records" shall mean all files, documents, instruments, papers, books and records relating to Songbird, including
without limitation financial statements, Tax Returns and related work papers and letters from accountants, budgets, pricing guidelines,
ledgers, journals, deeds, title policies, minute books, stock certificates and books, stock transfer ledgers, licenses, customer
lists, computer files and programs, retrieval programs, operating data and plans and environmental studies and plans.

 

"Business
Day" shall mean any day other than a Saturday, Sunday or a legal holiday on which banking institutions in Miami, Florida
are authorized or obligated by law or executive order to close.

 

"Buyer"
shall have the meaning ascribed to such term in the preamble.

 

"Claims"
shall mean any rights, demands, claims, actions and causes of action that any Person may have against Seller or any relevant third
party, including any Governmental Unit, except for any and all of the foregoing (i) relating to the period prior to Seller’s
acquisition of Songbird or (ii) created by or through Buyer.

 

"Closing"
shall have the meaning ascribed to such term in Section 3.1.

 

“Closing
Date” shall mean the date on which the Closing shall actually occur.

 

"Consent"
shall mean any approval, consent, notification, permission, waiver or authorization.

 

"Contract"
shall mean any lease, license, agreement, contract, contract right, purchase order, obligation, trust, instrument and other similar
arrangements, whether or not in written form, used or held for use or related to Songbird that is binding upon a Person or its
property; provided, however, that "Contracts" shall not include any Governmental Authorization.

 

"Copyrights"
shall have the meaning ascribed to it in the definition of the term Intellectual Property.

 

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“Deposits”
shall mean those dollar amounts deposited by Songbird with third parties, such as airports, Governmental Units, vendors, or other
parties.

 

"Disclosure
Schedule" shall have the meaning ascribed to such term in the opening paragraph of Article IV.

 

"DOT"
means the United States Department of Transportation.

 

"Effective
Time" shall have the meaning ascribed to such term in Section 3.1.

 

"Escrow
Agent" means McAfee & Taft, a law firm located in Oklahoma City, OK.

 

"Escrow
Agreement" means that certain agreement between Escrow Agent, Buyer, and Seller dated as of July 7, 2017, as may be amended
from time to time, which provides for the collection and disbursement of funds to facilitate the transaction contemplated by this
Agreement, and which is incorporated herein by reference.

 

"FAA"
shall mean the Federal Aviation Administration.

 

"GAAP"
shall mean United States generally accepted accounting principles.

 

"Governmental
Authorization" means any approval, consent, license, permit, Order, waiver, or other authorization issued, granted, given
or otherwise made available by or under the authority of any Governmental Unit or pursuant to any applicable Law, including the
lapse of any waiting period thereunder.

 

"Governmental
Unit" shall mean any (i) federal, state, local, municipal, foreign or other government; (ii) governmental or quasi-governmental
authority of any nature (including any governmental agency, branch, department, official, or entity and any court, arbitrator
or other tribunal); or (iii) body exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police,
regulatory, or taxing authority or power of any nature, including any arbitral tribunal.

 

"Intellectual
Property" shall mean all intellectual property rights owned or licensed by Songbird in connection with Songbird and arising
from or in respect of the following: (i) all patents and applications therefor, including continuations, divisionals, continuations
in part, or reissues of patent applications and patents issuing thereon (collectively, "Patents"), (ii) know
how, manufacturing and production processes and techniques, (iii) license rights with respect to Intellectual Property; (iv) all
trademarks, service marks, trade names, service names, brand names, all trade dress rights, logos, Internet domain names and corporate
names and general intangibles of a like nature, together with the goodwill associated with any of the foregoing, all applications,
registrations and renewals thereof, and material unregistered trademarks (collectively, "Trademarks"), (v) copyrights
and registrations and applications therefor, works of authorship, and mask work rights and, material unregistered copyrights,
in each case used primarily in connection with Songbird, (collectively, "Copyrights"), (vi) all Software and
Technology of Songbird used in connection with Songbird and (vii) all Websites and all Content contained therein.

 

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"Intellectual
Property Licenses" shall mean all licenses or other agreements pursuant to which Songbird has licensed the right to use
any Intellectual Property or pursuant to which it has licensed to another Person the right to use any Intellectual Property owned
or licensed by Songbird.

 

"Knowledge"
with respect to any individual, shall mean the actual knowledge of such individual.

 

"Law"
means any federal, state, local or foreign statute, law, ordinance, regulation, rule, code, order, principle of common law, judgment
enacted, promulgated, issued, enforced or entered by any Governmental Unit, or other requirement or rule of law.

 

"Liabilities"
shall mean, as to any Person, all debts, adverse claims, liabilities, commitments, responsibilities, and obligations of any kind
or nature whatsoever, direct, indirect, absolute or contingent, of such Person, whether accrued, vested or otherwise, whether
known or unknown, and whether or not actually reflected, or required to be reflected, in such Person's balance sheets or other
books and records.

 

"Lien"
shall mean any claim, pledge, option, charge, hypothecation, easement, security interest, right-of-way, encroachment, mortgage,
and deed of trust or other encumbrance, except for any and all of the foregoing (i) relating to the period prior to Seller’s
acquisition of Songbird or (ii) created by or through Buyer.

 

“Material
Contract” shall mean a contract to be entered into by Songbird after the Agreement Date with expected payments by Songbird
calculated to be in excess of $100,000.

 

"Notices"
shall have the meaning ascribed to such term in Section 10.4.

 

"Operating
Certificates" shall mean Songbird's DOT certificate of public convenience and necessity and FAA operating certificate.

 

"Order"
shall mean any judgment, order, injunction, writ, ruling, verdict, decree, stipulation or award of any Governmental Unit or private
arbitration tribunal.

 

"Patents"
shall have the meaning ascribed to it in the definition of the term Intellectual Property.

 

"Permits"
shall mean all licenses, permits, franchises and other authorizations of any Governmental Unit relating to the operation of Songbird
and all pending applications therefor.

 

"Permitted
Liens" shall mean (i) statutory Liens for current Taxes, assessments or other governmental charges not yet due and payable
or the amount or validity of which is being contested in good faith; and (ii) zoning, entitlement and other land use and environmental
regulations or designations by any Governmental Unit provided that such regulations or designations have not been violated, which
in each case do not materially interfere with the operation of Songbird.

 

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"Person"
shall mean an individual, partnership, joint venture, corporation, business trust, limited liability company, trust, unincorporated
organization, joint stock company, labor union, estate, Governmental Unit or other entity.

 

"Proceeding"
shall mean any action, arbitration, audit, hearing, investigation, litigation, or suit (whether civil, criminal, administrative,
investigative, or informal) commenced, brought, conducted, or heard by or before, or otherwise involving, any Governmental Unit
or arbitrator.

 

"Purchase
Deposit" means the sum of One Million dollars ($1,000,000), which has been transferred to the Escrow Agent by or on behalf
of Buyer, and will be transferred by the Escrow Agent to Seller upon execution of this Agreement, in accordance with the written
direction of Seller and Buyer to the Escrow Agent and with the terms of this Agreement.

 

"Purchase
Price" shall have the meaning ascribed to such term in Section 2.2.

 

"Representative"
shall mean, with respect to any Person, such Person's officers, directors, employees, agents and representatives (including any
investment banker, financial advisor, accountant, legal counsel, agent, representative or expert retained by or acting on behalf
of such Person or its Subsidiaries).

 

"Seller"
shall have the meaning ascribed to such term in the preamble.

 

"Shares"
shall have the meaning ascribed to such terms in the recitals.

 

"Software"
means, except to the extent generally available for purchase from a third Person, any and all (i) computer programs, including
any and all software implementations of algorithms, models and methodologies, whether in source code or object code, (ii) databases
and compilations, including any and all data and collections of data, whether machine readable or otherwise, (iii) descriptions,
flow-charts and other work product used to design, plan, organize and develop any of the foregoing, screens, user interfaces,
report formats, firmware, development tools, templates, menus, buttons and icons, and (iv) all documentation including user manuals
and other training documentation related to any of the foregoing.

 

"Songbird"
shall have the meaning ascribed to such term in the Recitals.

 

"Tax"
or "Taxes" shall mean any current, deferred, federal, state, county, local, foreign and other taxes, assessments,
duties or charges of any kind whatsoever, including, without limitation, income, profits, gains, net worth, sales and use, ad
valorem, gross receipts, Songbird and occupation, license, minimum, alternative minimum, environmental, estimated, stamp,
custom duties, occupation, property (real or personal), franchise, capital stock, license, excise, value added, payroll, employees,
income withholding, social security, unemployment or other tax, together with any penalty, addition to tax or interest on the
foregoing.

 

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"Tax
Return" means any return, declaration, report, claim for refund, or information return or statement relating to Taxes,
including any schedule or attachment thereto, and including any amendment thereof.

 

"Technology"
means, collectively, all designs, formulae, algorithms, procedures, methods, techniques, ideas, know-how, research and development,
technical data, programs, subroutines, tools, materials, specifications, processes, inventions (whether patentable or unpatentable
and whether or not reduced to practice), apparatus, creations, improvements, works of authorship and other similar materials,
and all recordings, graphs, drawings, reports, analyses, and other writings, and other tangible embodiments of the foregoing,
in any form whether or not specifically listed herein, and all related technology, that are used in, incorporated in, embodied
in, displayed by or relate to, or are used or useful in Songbird, other than any in the form of Software.

 

"Trademarks"
shall have the meaning ascribed to such term in the definition of Intellectual Property. Without limitation, such "Trademarks"
include the designations "Songbird" and all variants thereof and composite marks formed therefrom.

 

"Transaction"
shall have the meaning set forth in the Recitals.

 

"Transfer
Tax" or "Transfer Taxes" shall mean any federal, state, county, local, foreign and other sales, excise,
use, transfer, conveyance, documentary transfer, recording or other similar Tax, fee or charge imposed upon the sale, transfer
or assignment of shares or property or any interest therein or the recording thereof, and any penalty, addition to Tax or interest
with respect thereto, but such term shall not include any Tax on, based upon or measured by, the net income, gains or profits
from such sale, transfer or assignment of the shares or property or any interest therein.

 

"Website"
shall mean (i) all websites owned or controlled by Songbird, and all Content and pages contained within each of those websites,
hosted anywhere in the world, and (ii) all website user information and data collected by Songbird, including email addresses
and domain names, website logs, clickstream data and cookies, but, in each case, excluding freely available graphic or text content,
such as clip art or graphic images licensed from commercial media vendors. For each Website, the Content and pages shall include
all computer files and documentation for the current version of the Website and all archived Content and pages in Songbird's possession
or control. As used herein, the term "Content" means any literary, audio, video, and other information, including
editorial content, data, animation, graphics, photographs and artwork, and combinations of any or all of the foregoing, in any
tangible or digital formats.

 

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1.2          Other
Definitional Provisions.

 

(a)          The
words "hereof," "herein" and "hereunder" and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit
references are to this Agreement unless otherwise specified.

 

(b)          The
meanings given to terms defined herein shall be equally applicable to both singular and plural forms of such terms.

 

(c)          Whenever
the words "include," "includes" or "including" are used in this Agreement they shall be deemed to
be followed by the words "without limitation."

 

(d)          Words
denoting any gender shall include all genders. Where a word or phrase is defined herein, each of its other grammatical forms shall
have a corresponding meaning.

 

(e)          A
reference to any party to this Agreement or any other agreement or document shall include such party's successors and permitted
assigns.

 

(f)          A
reference to any legislation or to any provision of any legislation shall include any modification or re-enactment thereof, any
legislative provision substituted therefor and all regulations and statutory instruments issued thereunder or pursuant thereto.

 

(g)          All
references to "$" and dollars shall be deemed to refer to the currency of the United States of America.

 

(h)          All
references to any financial or accounting terms shall be defined in accordance with GAAP except as otherwise specifically defined
herein.

 

ARTICLE
II       PURCHASE AND SALE OF SHARES AND CERTAIN OWNED ASSETS

 

2.1          Purchase
and Sale of the Shares. Upon and subject to the terms and conditions of this Agreement, at the Closing, Seller shall sell,
transfer, convey and deliver the Shares and, accordingly, certain owned Assets as listed in the Schedule of Assets to Buyer, free
and clear of all Liens, and Buyer shall purchase the Shares and such certain owned Assets from Seller by causing the Purchase
Price (as defined below) to be transferred to Seller and pursuant to the other closing requirements herein.

 

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2.2          Purchase
Price; Purchase Deposit. The consideration payable for purchase of the Shares is Six Million Five Hundred Thousand dollars
($6,500,000), plus an amount equal to the sum of the Deposits (together, the "Purchase Price"). Immediately prior
to Closing, Buyer will transfer to the Escrow Agent the remaining balance of funds, which, together with the Purchase Deposit,
will be sufficient to fully pay the Purchase Price to Seller. Seller and Buyer acknowledge that the Purchase Deposit has been
paid into escrow with the Escrow Agent, and that it is non-refundable and payable to Seller in all circumstances other than those
specified in Section 8.1, and immediately upon execution of this Agreement, Seller and Buyer shall instruct Escrow Agent in writing
to release the Purchase Deposit to Seller by wire transfer as specified in Section 2.3 below.

 

2.3          Payments;
Seller’s Bank Account Details. All amounts payable by or on behalf of Buyer under this Agreement shall be paid on the
due date for payment by remittance in dollars in same day immediately available funds in full, without any set-off or counterclaim
whatsoever and free and clear of any deductions and withholdings. Payments to Seller shall be paid to the bank account of Seller
at:

 

Account
Name: AERLINE HOLDINGS INC.

 

Account
Number: [                                 ]

 

Routing
Number: [                                 ]

 

Bank
Name: [                                 ]

 

2.4          Additional
Amounts: Buyer shall also pay Seller on or before the Closing Date, such pro rated amounts in respect of payroll payments
of Songbird, and similar payments relating to Songbird, prorated with reference to the Closing Date and the Effective Time. Any
current guaranty provided by either Seller or AerSale, Inc. in favor of a third party vendor (or otherwise), and in respect of
the obligations of Songbird, shall terminate with effect from the Effective Time. Seller (or AerSale, Inc., as the case may be)
shall notify the relevant third party vendors of such guaranty termination. Buyer shall make its own arrangements with such third
party vendors, and shall pay promptly any demand under any such guaranty that relates to a Songbird obligation arising after the
Effective Time, and shall indemnify Seller (or AerSale, Inc., as the case may be) for any costs arising post Effective Time in
respect thereof.

 

2.5          Tax
Gross-up. All payments to be made by Buyer to Seller shall be made free and clear of and without deduction for or on account
of Transfer Tax unless Buyer is required to make such a payment subject to any deduction or withholding for or on account of Transfer
Tax, in which case the sum payable by Buyer (in respect of which such deduction or withholding is required to be made) shall be
increased to the extent necessary to ensure that Seller receives a sum net of any deduction or withholding equal to the sum which
it would have received had no such deduction or withholding been made or required to be made. All transfer, documentary, sales,
use, stamp, registration, value added and other such Taxes and fees (including any penalties and interest) incurred in connection
with this Agreement (including any real property transfer Tax and any other similar Tax) shall be borne and paid by Buyer when
due. Buyer shall, at its own expense, timely file any Tax Return or other document with respect to such Taxes or fees (and Seller
shall cooperate with respect thereto as necessary).

 

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ARTICLE
III      CLOSING AND PURCHASE PRICE

 

3.1          Closing.
Unless this Agreement shall have been terminated or the transactions herein contemplated shall have been abandoned pursuant to
Article VIII hereof, the closing of the transactions contemplated herein (the "Closing") shall take place at
noon (eastern daylight time) on October 15, 2017 (the "Scheduled Closing Date"), and in all events on or before
noon (eastern daylight time) on October 31, 2017, the final deadline for Closing (unless another time or date is agreed to in
writing by the parties). The Closing shall be held at the offices of Seller, or at such other location as may be mutually agreed
in writing by the parties. The Closing shall be deemed effective as of 12:01 a.m. (eastern daylight time) on the Closing Date
(the "Effective Time").

 

3.2          Closing
Deliveries.

 

(a)          At
the Closing, Seller shall deliver, or shall cause to be delivered, to Buyer the following:

 

i.          an
executed stock certificate of Songbird with respect to the Shares;

 

ii.         a
certificate from Seller dated as of the date of the Closing, certifying that the conditions specified in Section 7.1 have
been satisfied and fulfilled;

 

iii.        the
Aircraft Lease Agreement;

 

iv.        a
copy of the resolutions adopted by the members of Seller authorizing the execution, delivery and performance of this Agreement
and the consummation of the transactions contemplated hereby, certified by the Secretary or other authorized Person of Seller
as of the Closing Date;

 

(b)          At
the Closing, Buyer shall deliver, or shall cause to be delivered, to Seller the following:

 

i.          the
balance of the Purchase Price, plus such other amounts due and payable to Seller on or before the Closing;

 

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ii.         a
certificate of Buyer, dated as of the Closing Date, signed by a duly authorized officer of Buyer, certifying that conditions specified
in Section 7.2(a) hereof have been fulfilled;

 

iii.        a
copy of the resolutions adopted by the Board of Directors of Buyer authorizing the execution, delivery and performance of this
Agreement and the consummation of the transactions contemplated hereby, certified by the Secretary or other authorized Person
of Buyer as of the Closing Date;

 

iv.        such
other closing instruments and certificates as may be reasonably requested by Seller, in form and substance reasonably acceptable
to Seller, to give effect to the Transaction.

 

ARTICLE
IV      REPRESENTATIONS AND WARRANTIES OF SELLER

 

Except
as set forth in any Disclosure Schedule delivered to Buyer on the date hereof (the "Disclosure Schedule"), Seller
hereby represents and warrants to Buyer on the Agreement Date and on the Closing Date as follows (any Disclosure Schedule to be
arranged in paragraphs corresponding to the section numbers contained in this Article IV, but, regardless of the existence
of cross-references or the lack thereof, the disclosure in any paragraph shall only qualify as disclosure for any other section
of this Article IV if such disclosure contains sufficient information so that it is readily and reasonably determinable
and apparent that such disclosure qualifies or otherwise applies to other sections of this Article IV):

 

4.1          Authority.
Seller has the requisite power and authority to execute and deliver this Agreement and the Ancillary Instruments to which it is,
or at the Closing will be, a party, to perform its obligations hereunder and thereunder, and to consummate the transactions contemplated
hereby and thereby.

 

4.2          Title
to Shares; Songbird's Assets.

 

(a)          At
Closing, (i) the Shares of Songbird transferred to Buyer pursuant to this Agreement will be free and clear of all Liens and Claims,
and that Songbird will be debt-free and cash-free, (ii) except as may be the case in respect of the period prior to when Seller
acquired the Shares (and noting the confirmation order issued by the bankruptcy court as having extinguished and discharged any
and all of the following instruments, agreements and understandings as may have arisen during such prior period), there will be
no (w) outstanding securities convertible or exchangeable into shares of capital stock or equity interests of Songbird; (x) options,
warrants, calls, subscriptions or other rights, agreements or commitments obligating Songbird to issue, transfer, repurchase,
redeem, acquire or sell any shares of its capital stock or other equity securities; (y) voting trusts or other agreements or understandings
to which Songbird is a party or by which Songbird is bound with respect to the voting, transfer or other disposition of its shares
of capital stock or other equity securities; or (z) outstanding or authorized equity appreciation, phantom equity or similar rights
with respect to Songbird, and (iii) no registration rights will be outstanding with respect to Songbird's securities. Buyer acknowledges
that the Shares will not be issued pursuant to any securities registration or offering and Seller makes no representations, warranties,
or covenants with respect to any federal or state securities laws.

 

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(b)          Seller
has good and valid title to all assets and properties of Songbird owned as of the Agreement Date (including the Shares, Operating
Certificates, Intellectual Property and Books and Records), free and clear of all Liens and Claims (other than Liens that will
be released and discharged as of, and that will not be enforceable from and after, the Closing) and, as of the Closing Date, such
assets and properties will vest with Buyer, free and clear of all Liens and Claims.

 

4.3         
No Insolvency. No insolvency proceeding of any character, including, without limitation, bankruptcy, receivership, reorganization,
composition, or arrangement with creditors, voluntary or involuntary, affecting Songbird or any of its assets or properties is
pending or, to the knowledge of Seller after due enquiry, threatened.

 

4.4         
No Undisclosed Liabilities. To the knowledge of Seller after due enquiry, and except as otherwise disclosed in this Agreement
or separately to Buyer, Songbird does not have any debts, liabilities, or obligations of any kind or character whatsoever, whether
accrued, absolute, contingent, matured, or not matured, and whether or not of a character as would be required to be reflected
in a balance sheet of Songbird or Seller prepared in accordance with GAAP.

 

ARTICLE
V      REPRESENTATIONS AND WARRANTIES OF BUYER

 

Buyer
hereby represents and warrants to Seller as follows:

 

5.1          Organization
and Good Standing; Authority. Buyer is a corporation duly organized, validly existing and in good standing under the laws
of its jurisdiction of incorporation. Buyer has the requisite corporate power and authority to enter into this Agreement and the
Ancillary Instruments to which it is, or at the Closing will be, a party, to perform its obligations hereunder and thereunder,
and to consummate the transactions contemplated hereby and thereby. This Agreement and the Ancillary Instruments to which Buyer
is a party have been duly executed and delivered by Buyer, and (assuming due authorization, execution and delivery by the other
parties hereto) will constitute the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with
their respective terms.

 

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5.2          No
Conflict. Except as would not have or be reasonably likely to have, individually or in the aggregate, a material adverse effect
on the ability of Buyer to perform its obligations under, and to consummate the transactions contemplated by, this Agreement and
the Ancillary Instruments to which it is or at the Closing will be a party, the execution and delivery by Buyer of this Agreement
and the Ancillary Instruments to which it is or at the Closing will be a party and the transactions contemplated hereby and thereby
by Buyer do not and will not (i) violate, conflict with or result in the breach of any provision of the organizational documents
of Buyer, (ii) violate any Law or Order applicable to Buyer, or any of Buyer's assets, properties or business, or (iii) result
in a breach of, constitute a default (or an event which, with or without the giving of notice or lapse of time or both, would
become a default) under, require any consent under, or give to others any right of termination, amendment, acceleration, suspension,
revocation or cancellation of, any contract to which Buyer is a party or is bound.

 

5.3          Consents
and Approvals. The execution and delivery by Buyer of this Agreement and the Ancillary Instruments to which Buyer is, or at
the Closing will be, a party do not, and the performance by Buyer of this Agreement and the Ancillary Instruments to which Buyer
is, or at the Closing will be, a party and the consummation by Buyer of the transactions contemplated hereby and thereby do not
and will not, with the exception of approvals required from the United States Department of Transportation, require any Governmental
Authorization reasonably likely to have, individually or in the aggregate, a material adverse effect on the ability of Buyer to
carry out its obligations under, and to consummate the transactions contemplated by, this Agreement and the Ancillary Instruments
to which Buyer is, or at the Closing will be, a party.

 

5.4          Brokers.
Neither Buyer nor any of its directors, officers, employees or Affiliates has employed any broker, finder, investment banker or
Person fulfilling a similar role or has incurred or will incur any broker's, finder's or other similar fees, commissions or expenses,
in each case in connection with the transactions contemplated by this Agreement and the Ancillary Instruments for which Seller
will be liable.

 

5.5          Investment
Purpose. Buyer is acquiring the Shares solely for its own account for investment purposes and not with a view to, or for offer
or sale in connection with, any distribution thereof. Buyer acknowledges that the Shares are not registered under the Securities
Act of 1933, as amended, or any state securities laws, and that the Shares may not be transferred or sold except pursuant to the
registration provisions of the Securities Act of 1933, as amended or pursuant to an applicable exemption therefrom and subject
to state securities laws and regulations, as applicable. Buyer is able to bear the economic risk of holding the Shares for an
indefinite period (including total loss of its investment), and has sufficient knowledge and experience in financial and business
matters so as to be capable of evaluating the merits and risk of its investment.

 

    	 	12  |  Page	 

     

    

 

5.6          Sufficiency
of Funds. Buyer has sufficient cash on hand or other sources of immediately available funds to enable it to make payment of
the Purchase Price and consummate the transactions contemplated by this Agreement. Proof of funds will be made available to the
Seller 15 days prior to the Scheduled Closing Date.

 

5.7          Independent
Investigation. Buyer has conducted its own independent investigation, review and analysis of Songbird, results of operations,
prospects, condition (financial or otherwise) or assets of Songbird, and acknowledges that it has been provided adequate access
to the personnel, properties, assets, premises, books and records, and other documents and data of Songbird for such purpose.
Buyer acknowledges and agrees that: (a) in making its decision to enter into this Agreement and to consummate the transactions
contemplated hereby, Buyer has relied solely upon its own investigation and the express representations and warranties of Seller
set forth in Article IV of this Agreement (including the related portions of the Disclosure Schedules); and (b) none of Seller,
Songbird or any other Person has made any representation or warranty as to Seller, Songbird or this Agreement, except as expressly
set forth in Article IV of this Agreement (including the related portions of the Disclosure Schedules).

 

ARTICLE
VI      COVENANTS OF THE PARTIES

 

6.1          Conduct
of Songbird Pending the Closing.

 

During
the period from the Agreement Date and continuing until the earlier of the termination of this Agreement in accordance with its
terms or the Closing:

 

(a)          Seller
shall use its commercially reasonable efforts to preserve in all material respects the assets of Songbird; and

 

(b)          without
limiting the generality of Section 6.1(a), Seller shall not cause Songbird to:

 

i.          sell,
lease (as lessor), transfer or otherwise dispose of any assets or permit such assets to become subject to any Lien, other than
Liens as a result of regulatory matters arising from events or circumstances occurring on or after the date hereof, or Liens that
will be discharged and removed and not be enforceable against any asset of Songbird following the Closing;

 

ii.         solely
with respect to any action which could have a material adverse effect on Buyer, or its operation, management or ownership of Songbird
following the Closing, make or rescind any material election relating to Taxes, settle or compromise any material claim, action,
suit, litigation, Proceeding, arbitration, investigation, audit or controversy relating to Taxes, or, except as required by applicable
Law or GAAP, make any material change to any of its methods of Tax accounting, methods of reporting income or deductions for Tax
or Tax accounting practice or policy from those employed in the preparation of its most recent Tax Returns; of Buyer;

 

    	 	13  |  Page	 

     

    

 

iii.        enter
into any Material Contract without the prior written consent of Buyer; or

 

iv.        agree
or commit to do any of the foregoing.

 

6.2          Access.
From the date hereof or such earlier date as Seller shall have received a non-disclosure agreement signed by Buyer until the Closing
(or until earlier termination of this Agreement, Seller (i) shall give Buyer and its Representatives access to the records of
Songbird in the digital due diligence “room” created by Seller (or to hard copy versions of such records, on request,
and provided however that access to the proprietary manuals of Songbird shall be provided only upon Seller’s receipt of
(a) this Agreement as signed by Buyer and (b) acknowledgment that the Purchase Deposit has become non-refundable and held by Seller,
whereupon such manuals will be made available during normal Songbird hours in person at the Coral Gables office of Songbird) and
(ii) shall cooperate reasonably with Buyer in its investigation of Songbird.

 

6.3          Employee
Matters.

 

(a)          Hired
Employees. Buyer shall have the right (in its sole and absolute discretion), but not the obligation, to offer employment,
on an at-will basis, effective as of the Closing Date, to any or all current or former employees (employed since the date Seller
acquired Songbird) of Songbird. In no event shall Buyer be obligated to hire or retain any current or former employee of Songbird
for any period following the Closing, except as described hereinbelow in Section 6.3(e). Employees of Songbird who accept Buyer's
offer of employment pursuant hereto and who commence employment with Buyer from and after the Closing Date shall be referred to
herein as the "Hired Employees." Under no circumstances shall any individual employed or formerly employed by
Songbird become an employee of Buyer unless such individual becomes a Hired Employee. Notwithstanding the foregoing, Buyer will
not solicit for employment, either directly or indirectly, any employees of Songbird’s Affiliates.

 

(b)          Release
of Hired Employees. With respect to each Hired Employee, effective as of the Closing, Seller shall be deemed to have waived
and released each such individual from any and all contractual or common law provisions related to Songbird that are enforceable
by Seller and restrict the employment activities or other conduct of such individuals related to Songbird after their termination
of employment with Seller.

 

    	 	14  |  Page	 

     

    

 

(c)          No
Transfer of Employees. Nothing herein shall be construed as transferring to Buyer (i) any Contract with any current or former
employee of Songbird or for the employment of any Person or engagement of any independent contractor by Songbird or (ii) any rights
or obligations Songbird may owe to or be owed by any current or former employee, officer, consultant, independent contractor or
agent of Songbird.

 

(d)          No
Third Party Beneficiaries. Nothing herein, express or implied, shall confer upon any employee or former employee of Songbird
any rights or remedies (including any right to employment or continued employment for any specific period) of any nature or kind
whatsoever, under or by reason of this Agreement. Seller and Buyer agree that the provisions contained herein are not intended
to be for the benefit of or otherwise enforceable by, any third party, including any employee or former employee of Songbird.

 

(e)          Certain
Employees. The Schedule of Certain Employees contains a true and complete list of the names and positions of the employees
of Songbird who currently fill certain positions at Songbird. Seller will keep the requisite positions filled pending the Closing.
It will be solely Buyer’s responsibility to retain the relevant employees following the Closing.

 

6.4          Further
Assurances. Subject to the terms and conditions herein provided, following the Closing, Seller shall execute and deliver to
Buyer such bills of sale, endorsements, assignments and other good and sufficient instruments of assignment, transfer and conveyance,
in form and substance reasonably satisfactory to Seller and Buyer, as shall be reasonably necessary to vest in Buyer all of Seller's
right, title and interest in and to the Shares or otherwise to carry out and give effect to the Transaction.

 

6.5          Notice
of Events. During the period from the date of this Agreement until the Closing Date or the earlier termination of this Agreement,
each party hereto shall promptly notify the other party hereto in writing as soon as such party becomes aware of the occurrence,
or non-occurrence, of any event, condition or circumstance occurring at any time (whether before or after the date of this Agreement)
which is material to Seller, Songbird, the Operating Certificates or the Transaction or which would reasonably be expected to
delay or otherwise materially affect the consummation of the Transaction.

 

During
the period from the date of this Agreement until the Closing Date or the earlier termination of this Agreement, each party will
promptly advise the other party in writing if (a) any of the representations or warranties of the advising party is untrue or
incorrect in any material respect, or (b) the advising party becomes aware of the occurrence of any event or state of facts that
results in any of the representations and warranties of such party being untrue or incorrect if such party were making them then.

 

6.6          Corporate
Name; Cessation of Use of Name.

 

(a)          Seller
acknowledges and agrees that as of the Closing Date, as between Seller, on the one hand, and Buyer, on the other, Buyer shall
have the sole, absolute and proprietary right to all names, marks, trade names, trademarks, service names and service marks (the
"Names") incorporating "Songbird" and any derivative thereof and to all corporate symbols or logs incorporating
"Songbird" and any derivative thereof.

 

    	 	15  |  Page	 

     

    

 

(b)          Following
the Closing Date (a) Seller shall not use the name "Songbird" or any derivative thereof or any logos incorporating such
name, and all such Names, shall be solely owned by, and vested with, Buyer, free and clear of all Liens and Claims.

 

6.7          Articles
and Bylaws. Prior to Closing, Seller shall provide Buyer with true and complete copies of Songbird’s Articles of Incorporation
and Bylaws.

 

6.8          Aircraft
Lease Agreement. Buyer and Seller acknowledge and agree that the Aircraft Lease Agreement shall govern the Aircraft from and
after Closing and supersede the previous aircraft lease agreement in respect of the Aircraft. Buyer shall ensure that Songbird
meets its obligations under the Aircraft Lease Agreement from and after Closing hereunder. Buyer shall also pay AerSale 25417
LLC before Closing: (a) the cost of the C Check to be performed on the Aircraft around the time of Closing (to be paid before
induction into the C Check), (b) all other mutally agreed expenses set forth in the Delivery Workscope of the Aircraft Lease Agreement
(the expenses set forth in this 6.8 (b) shall be paid 50% prior to commencement of the workscope and 50% upon completion of same,
and shall be reimbursed by AerSale 25417 LLC to Buyer upon Closing), and (c) the Security Deposit under, and as per the provisions
of, the Aircraft Lease Agreement.

 

6.9          Seller
and Buyer agree to work diligently and in good faith to close the Transaction by the Scheduled Closing Date, and in all events
on or before noon (eastern daylight time) on October 31, 2017, in accordance with the terms hereof (including as this Agreement
may be amended in writing).

 

ARTICLE
VII     CONDITIONS TO OBLIGATIONS OF THE PARTIES

 

7.1          Conditions
Precedent to Obligations of Buyer. The obligation of Buyer to consummate the transactions contemplated by this Agreement is
subject to the satisfaction (or waiver by Buyer in Buyer's sole discretion) at or prior to the Closing of each of the following
conditions:

 

    	 	16  |  Page	 

     

    

 

(a)          Title
to Shares. At Closing, (i) the Shares of Songbird transferred to Buyer pursuant to this Agreement will be free and clear of
all Liens and Claims, (ii) except as may be the case in respect of the period prior to when Seller acquired the Shares (and noting
that the confirmation order issued by the bankruptcy court has extinguished and discharged all of the following instruments, agreements
and understanding arising during such prior period), there will be no (w) outstanding securities convertible or exchangeable into
shares of capital stock or equity interests of Songbird; (x) options, warrants, calls, subscriptions or other rights, agreements
or commitments obligating Songbird to issue, transfer, repurchase, redeem, acquire or sell any shares of its capital stock or
other equity securities; (y) voting trusts or other agreements or understandings to which Songbird is a party or by which Songbird
is bound with respect to the voting, transfer or other disposition of its shares of capital stock or other equity securities;
or (z) outstanding or authorized equity appreciation, phantom equity or similar rights with respect to Songbird, and (iii) no
registration rights will be outstanding with respect to Songbird's securities.

 

(b)          Title
to Assets. Seller shall have good and valid title to all assets and properties of Songbird (including the Operating Certificates,
Intellectual Property and Books and Records), free and clear of all Liens and, as of the Closing Date, all of such assets and
properties will vest with Buyer free and clear of all Liens and Claims.

 

(c)          Performance
of Obligations. Seller shall have performed in all material respects all obligations and agreements contained in this Agreement
required to be performed by it on or prior to the Closing Date.

 

(d)          No
Violation of Law or Orders. No provisions of any applicable Law or Order enacted, entered, promulgated, enforced or issued
by any Governmental Unit shall be in effect that prevents, renders illegal or otherwise prohibits the sale and purchase of the
Shares or any of the other transactions contemplated by this Agreement.

 

(e)          No
Termination of Operating Certificates. The Operating Certificates shall not have been cancelled, revoked or terminated, and
Seller shall not have received from the FAA, the DOT or any other Governmental Unit any notice of cancellation, revocation or
termination with respect to any of the Operating Certificates.

 

(f)          Secretary’s
Certificate. Buyer’s receipt of Seller’s Secretary’s Certificate certifying as to copies of Seller’s
Certificate of Incorporation, Bylaws, Resolutions approving the Transaction, and Good Standing Certificate, and as to the incumbency
of the relevant signatories.

 

7.2          Conditions
Precedent to the Obligations of Seller. The obligation of Seller to consummate the transactions contemplated by this Agreement
is subject to the satisfaction (or waiver by Seller in its sole discretion) at or prior to the Closing of each of the following
conditions:

 

    	 	17  |  Page	 

     

    

 

(a)          Performance
of Obligations. Buyer shall have performed in all material respects all obligations and agreements contained in this Agreement
required to be performed by it prior to or on the Closing Date.

 

(b)          No
Violation of Law or Orders. No provisions of any applicable Law or Order enacted, entered, promulgated, enforced or issued
by any Governmental Unit shall be in effect that prevents, renders illegal or otherwise prohibits the sale and purchase of the
Shares or any of the other transactions contemplated by this Agreement.

 

(c)          Lease
Related Payments. Buyer shall have paid to Seller the cost of the C Check to be performed on the Aircraft around the time
of Closing, the cost of other pre-delivery work agreed between AereSale and Buyer, and Security Deposit under the Aircraft Lease
Agreement.

 

(d)          Secretary’s
Certificate. Seller’s receipt of Buyer’s Secretary’s Certificate certifying as to copies of Buyer’s
Certificate of Incorporation, Bylaws, Resolutions approving the Transaction, and Good Standing Certificate, and as to the incumbency
of the relevant signatories.

 

7.3        
Regulatory Matters. For the sake of clarity, and notwithstanding anything to the contrary herein, Buyer shall bear all
risk of continued regulatory approval to operate Songbird post-Closing, including without limitation as to DOT and/or FAA authorizations
and/or certificates to operate Songbird in air transportation in any manner. The Closing shall not be subject to Buyer’s
prior receipt of any indication from the DOT or FAA or otherwise as to the acceptability of Buyer as an owner of Songbird. Upon
full execution and delivery of this Agreement and before Closing, Buyer may file with the DOT a notice of change of ownership.

 

ARTICLE
VIII   TERMINATION

 

8.1          Termination
of Agreement. This Agreement may be terminated and the transactions contemplated hereby abandoned at any time prior to the
Closing:

 

(a)          By
Buyer:

 

i.            if
any Order restraining, prohibiting or enjoining Seller from consummating the Transaction shall have been entered and such Order
shall have become a final Order at any time before the earlier of the Closing or October 31, 2017;

 

    	 	18  |  Page	 

     

    

 

ii.         at
any time after October 31, 2017, if the Closing shall not have occurred solely because there shall have been a material breach
by Seller of any of its representations, warranties, covenants, obligations or agreements contained in this Agreement, which breach
would result in the failure to satisfy one or more of the conditions set forth in Section 7.1, and such breach shall be
incapable of being cured or, if capable of being cured, shall not have been cured within fifteen (15) days after written Notice
thereof shall have been received by Seller, and in any event not cured on or before October 31;

 

iii.        upon
receipt of a copy of Buyer’s written notice of termination to Seller pursuant to paragraphs 8.1(a)i. or (a)ii. above, Seller
shall pay to Buyer the Purchase Deposit, and the Escrow Agent shall pay to Buyer the balance of funds held by the Escrow Agent
pursuant to the Escrow Agreement, after deducting Buyer’s half of the escrow fee charged by the Escrow Agent in connection
with the Escrow Agreement in the event that such half shall not have already been paid separately by Buyer.

 

(b)          By
Seller:

 

i.          if
any Order restraining, prohibiting or enjoining Buyer from consummating the Transaction shall have been entered and such Order
shall have become a final Order at any time before the earlier of the Closing or October 31, 2017;

 

ii.         at
any time after October 31, 2017, unless the Closing shall not have occurred solely because there shall have been a material breach
by Seller of any of its representations, warranties, covenants, obligations or agreements contained in this Agreement, which breach
would result in the failure to satisfy one or more of the conditions set forth in Section 7.1, and such breach shall not
have been cured on or before October 31, 2017;

 

iii.        if
there shall have been a material breach by Buyer of any of its representations, warranties, covenants, obligations, or agreements
contained in this Agreement, which breach would result in the failure to satisfy one or more of the conditions set forth in Section
7.2, and such breach shall be incapable of being cured or, if capable of being cured, shall not have been cured within fifteen
(15) days after written Notice thereof shall have been received by Buyer and in any event not cured on or before October 31, 2017;

 

iv.        upon
receipt of a copy of Seller’s written notice of termination to Buyer pursuant to paragraphs 8.1(b)i., ii. or iii. above,
the Escrow Agent shall pay to Buyer the balance of any funds held by the Escrow Agent pursuant to the Escrow Agreement, after
deducting Buyer’s half of the escrow fee charged by the Escrow Agent in connection with the Escrow Agreement, in the event
that such half shall not have already been paid separately by Buyer.

 

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8.2          Consequences
of Termination. If this Agreement is terminated under and in accordance with Section 8.1, this Agreement will thereafter
become void and have no further force and effect and all further obligations of Seller and Buyer to each other under this Agreement
will terminate without further obligation or liability of Seller or Buyer to the other, except that:

 

(a)          each
party will return or destroy all documents, work papers and other material of any other party relating to the transactions contemplated
by this Agreement, whether so obtained before or after the execution of this Agreement, to the party furnishing the same;

 

(b)          Notwithstanding
the foregoing, this Section 8.2, Section 10.1 (Expenses), Section 10.4 (Notices), Section 10.5 (Choice
of Law), Section 10.10 (Jurisdiction), Section 10.11 (Waiver of Right to Trial by Jury), Section 10.12 (Beneficiaries)
and Section 10.14 (Preparation of this Agreement) shall survive any such termination of this Agreement.

 

ARTICLE
IX      INDEMNIFICATION

 

9.1          Indemnification
by Seller. Seller shall pay, reimburse, indemnify, and hold harmless Buyer, and its respective officers, shareholders, successors,
and permitted assigns from and against any and all claims, suits, actions, assessments, losses, diminution in value, liabilities,
Taxes, fines, penalties, damages (compensatory, consequential, direct, indirect, and other), costs, and expenses (including reasonable
legal fees) (“Losses”) that arise in the absence of a third-party claim in connection with or resulting from:

 

(a)          All
debts, liabilities, and obligations of Seller or Songbird, of any kind or character whatsoever to the extent existing or arising
from facts and circumstances in existence at or before the Closing, except for those relating to the period prior to Seller’s
acquisition of Songbird;

 

(b)          Any
inaccuracy in any representation or breach of any warranty of the Seller contained in this Agreement (whether at the date of this
agreement or the Closing Date); or

 

(c)          Seller’s
failure to perform or observe in full, or to have performed or observed in full, any covenant, agreement, or condition to be performed
or observed by Seller under this Agreement.

 

    	 	20  |  Page	 

     

    

 

9.2          Indemnification
by Buyer. Buyer shall pay, reimburse, indemnify, and hold harmless Seller, and its respective officers, shareholders, successors,
and permitted assigns from and against any and all Losses that arise in the absence of a third-party claim, in connection with
or resulting from:

 

(a)          All
debts, liabilities, and obligations of Buyer or Songbird, of any kind or character whatsoever to the extent existing or arising
from facts and circumstances in existence (i) after the Closing or (ii) relating to the period prior to Seller’s acquisition
of Songbird;

 

(b)          Any
inaccuracy in any representation or breach of any warranty of the Buyer contained in this Agreement (whether at the date of this
agreement or the Closing Date); or

 

(c)          Buyer’s
failure to perform or observe in full, or to have performed or observed in full, any covenant, agreement, or condition to be performed
or observed by Buyer under this Agreement.

 

9.3          Indemnification
for Taxes. Seller agrees:

 

(a)          to
pay, reimburse, indemnify, and hold harmless Buyer and its respective officers, members, successors, and permitted assigns from
and against any and all Taxes imposed upon Seller payable with respect to, and any and all other Losses arising out of or in any
manner incident, related, or attributable to Taxes imposed upon Seller payable with respect to, or tax returns required to be
filed by Seller with respect to any taxable year (or other applicable reporting period) of Seller ending on or before the Closing
Date, except for (i) Losses arising from transactions occurring after the Closing and (ii) Losses arising from Taxes or transactions
relating to the period prior to Seller’s acquisition of Songbird.

 

(b)          To
prepare or cause to be prepared all Tax Returns of Seller and/or Songbird for any tax period of Seller preceeding the Closing
Date (including amended Tax Returns) except in respect of any period prior to Seller’s acquisition of Songbird.

 

ARTICLE
X       MISCELLANEOUS

 

10.1        Expenses.
Except as otherwise expressly set forth in this Agreement and whether or not the transactions contemplated hereby are consummated,
each party hereto shall bear all costs and expenses incurred or to be incurred by such party in connection with this Agreement
and the consummation of the transactions contemplated hereby. Notwithstanding the foregoing, the parties shall each pay half of
the escrow fee charged by the Escrow Agent in connection with the Escrow Agreement.

 

10.2        Assignment.
Neither this Agreement nor any of the rights or obligations hereunder may be assigned by Seller without the prior written consent
of Buyer, or by Buyer without the prior written consent of Seller. Subject to the foregoing, this Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and assigns.

 

    	 	21  |  Page	 

     

    

 

10.3        Parties
in Interest. This Agreement shall be binding upon and inure solely to the benefit of Seller and Buyer, and nothing in this
Agreement, express or implied, is intended to or shall confer upon any other Person any rights, benefits or remedies of any nature
whatsoever under or by reason of this Agreement except as expressly set forth herein. Without limiting the foregoing, no direct
or indirect holder of any equity interests or securities of either Seller or Buyer (whether such holder is a limited or general
partner, member, stockholder or otherwise), nor any Affiliate of either Seller or Buyer, nor any Representative, or controlling
Person of each of the parties hereto and their respective Affiliates, shall have any liability or obligation arising under this
Agreement or the transactions contemplated hereby.

 

10.4        Notices.
All notices, demands, requests, consents, approvals or other communications (collectively, "Notices") required or permitted
to be given hereunder or that are given with respect to this Agreement shall be in writing and shall be personally served, delivered
by a nationally recognized overnight delivery service with charges prepaid, or transmitted by hand delivery, electronic mail,
or facsimile, addressed as set forth below, or to such other address as such party shall have specified most recently by written
Notice. Notice shall be deemed given on the date of service or transmission if personally served, transmitted by electronic mail
or transmitted by facsimile with confirmation of receipt; provided, that if delivered or transmitted on a day other than a Business
Day or after normal business hours, notice shall be deemed given on the next Business Day. Notice otherwise sent as provided herein
shall be deemed given on the next Business Day following timely deposit of such Notice with an overnight delivery service:

 

	If to
    Buyer:	Baltia
                           Air Lines, Inc. (d/b/a USGlobal Airways)

        Attention:
        Sheryle Milligan

        Hangar
        G, 169 NY-17K, Suite U-14, 

        Newburgh, New York 12550

         

	With a copy to:	Kelsey
        Law Group, P.C.

        835
        Willow Run Airport

        Ypsilanti,
        Michigan 48198

        Attention:
        George Kelsey

        Fax:
        (734) 484-4965

        Email:
        gkelsey@kelseylaw.com

 

    	 	22  |  Page	 

     

    

 

	If to
    Seller:	AerLine
                           Holdings Inc.

        121
        Alhambra Plaza, Suite 1700

        Coral
        Gables, FL 33134

        Attention:
        Mr. Nicolas Finazzo

        Fax:
        (305) 529-6686

        Email:
        nfinazzo@aersale.com

         

	With a copy to:	AerSale,
        Inc.

        121
        Alhambra Plaza, Suite 1700

        Coral
        Gables, FL 331334

        Attention:
        Chief Legal Officer

        Fax:
        (305) 529-6686

        Email:
        legal@aersale.com

 

Rejection
of or refusal to accept any Notice, or the inability to deliver any Notice because of changed address of which no Notice was given,
shall be deemed to be receipt of the Notice as of the date of such rejection, refusal or inability to deliver.

 

10.5        Choice
of Law. This Agreement shall be construed and interpreted, and the rights of the parties shall be determined, in accordance
with the substantive laws of the State of New York, without giving effect to any provision thereof that would require the application
of the substantive laws of any other jurisdiction.

 

10.6        Entire
Agreement; Amendments and Waivers. This Agreement and all agreements entered into pursuant hereto and all certificates and
instruments delivered pursuant hereto and thereto constitute the entire agreement between the parties hereto pertaining to the
subject matter hereof and supersede all other prior agreements, representations, warranties, understandings, negotiations, and
discussions, whether oral or written, of the parties. This Agreement may be amended, supplemented or modified, and any of the
terms, covenants, representations, warranties or conditions may be waived, only by a written instrument executed by Buyer and
Seller, or in the case of a waiver, by the party waiving compliance. No waiver of any of the provisions of this Agreement shall
be deemed or shall constitute a waiver of any other provision hereof (whether or not similar), and no such waiver shall constitute
a continuing waiver unless otherwise expressly provided.

 

10.7        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 and the same instrument. Counterparts to this Agreement may be delivered via facsimile. In proving this Agreement,
it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom enforcement
is sought.

 

10.8        Invalidity.
If any one or more of the provisions contained in this Agreement or in any other instrument referred to herein, shall, for any
reason, be held to be invalid, illegal or unenforceable in any respect, the parties shall use their reasonable efforts, including
the amendment of this Agreement, to ensure that this Agreement shall reflect as closely as practicable the intent of the parties
hereto on the date hereof.

 

    	 	23  |  Page	 

     

    

 

10.9        Headings.
The table of contents and the headings of the Articles and Sections herein are inserted for convenience of reference only and
are not intended to be a part of, or to affect the meaning or interpretation of, this Agreement.

 

10.10      Jurisdiction.
Each party to this Agreement irrevocably agrees that any legal action or proceedings in connection with this Agreement which is
expressed to be governed by New York law, against either party or any of its assets may be brought in the Southern District of
New York, which shall have jurisdiction to settle any disputes arising out of or in connection with this Agreement and each party
hereby irrevocably and unconditionally submits to the non-exclusive jurisdiction of the Federal court in the Southern District
of New York. Each party to this Agreement irrevocably waives any objection it may now or hereafter have to the laying of venue
of any action or proceeding in the New York courts and any claim it may now or hereafter have that any action or proceeding has
been brought in an inconvenient forum.

 

10.11      WAIVER
OF RIGHT TO TRIAL BY JURY. SELLER AND BUYER HEREBY WAIVE TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT THEY
MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).

 

10.12      Beneficiaries.
Nothing in this Agreement, express or implied, is intended to confer upon any other Person any rights or remedies of any nature
under or by reason of this Agreement, except as expressly provided herein.

 

10.13      Counting.
If the due date for any action to be taken under this Agreement (including the delivery of notices) is not a Business Day, then
such action shall be considered timely taken if performed on or prior to the next Business Day following such due date.

 

10.14      Preparation
of this Agreement. Buyer and Seller hereby acknowledge that (i) Buyer and Seller jointly and equally participated in the drafting
of this Agreement and all other agreements contemplated hereby, (ii) Buyer and Seller have been adequately represented and advised
by legal counsel with respect to this Agreement and the transactions contemplated hereby, and (iii) no presumption shall be made
that any provision of this Agreement shall be construed against either party by reason of such role in the drafting of this Agreement
and any other agreement contemplated hereby.

 

10.15      Confidentiality;
Disclosure. Buyer and Seller agree to keep the terms of this Agreement confidential except as provided herein. The parties
agree to cooperate with respect to and provide the necessary disclosures to the DOT prior to closing, and any other third party
disclosures required to effect the Transaction. Any public announcements prior to or within 10 days after closing shall be mutually
agreed by the parties hereto, unless required by other governing agencies, such as the Security Exchange Commission. Buyer will
give Seller reasonable prior notice of any such required filing and of the date on which it will become public information.

 

    	 	24  |  Page	 

     

    

 

[Remainder
of Page Intentionally Left Blank]

 

    	 	25  |  Page	 

     

    

 

IN
WITNESS WHEREOF, this Stock Purchase Agreement has been duly executed and delivered by respective duly authorized officers of
Seller and Buyer as of the date first above written.

 

	SELLER:	 
	 	 
	AERLINE HOLDINGS INC.	 
	 	 	 
	By:	/s/ Nicolas
    Finazzo	 
	 	Name: Nicolas Finazzo	 
	 	Title: Chief Executive Officer	 
	 	 	 
	BUYER:
	 
	BALTIA AIR LINES, INC. (d/b/a
    USGlobal Airways)
	 	 	 
	By:	/s/ Anthony
    D. Koulouris	 
	 	Name: Anthony D. Koulouris	 
	 	Title: Chairman, President & Chief Executive
    Officer	 

 

    	 	26  |  PageEX-10.1

 Exhibit 10.1 

ROKU, INC. 
 AMENDED AND
RESTATED 
 INVESTOR RIGHTS AGREEMENT 

 ROKU, INC. 

AMENDED AND RESTATED 

INVESTOR RIGHTS AGREEMENT 

THIS AMENDED AND RESTATED INVESTOR RIGHTS
AGREEMENT (the “Agreement”) is entered into as of the 9th day of November, 2015, by and among Roku, Inc., a Delaware corporation (the “Company”) and the investors listed on Exhibit A hereto,
referred to hereinafter as the “Investors” and each individually as an “Investor.” 
 RECITALS

 WHEREAS, certain of the Investors are purchasing shares of the Company’s Series H Preferred Stock (the
“Series H Stock”) pursuant to that certain Series H Preferred Stock Purchase Agreement (the “Purchase Agreement”) of even date herewith; (the “Financing”); 

WHEREAS, the obligations in the Purchase Agreement are conditioned upon the execution and delivery of this Agreement;
 
 WHEREAS, certain of the Investors (the “Prior Investors”) are holders of the Company’s
Series A Preferred Stock (the “Series A Stock”), Series B Preferred Stock (the “Series B Stock”), Series C-1 Preferred Stock (the “Series C-1 Stock”), Series C-2 Preferred Stock (the “Series C-2
Stock” and together with the Series C-1 Stock, the “Series C Stock”), Series D Preferred Stock (the “Series D Stock”), Series E Preferred Stock (the “Series E Stock”), Series F Preferred Stock (the “Series F
Stock”) and Series G Preferred Stock (the “Series G Stock”); 
 WHEREAS, the Prior Investors and
the Company are parties to an Amended and Restated Investor Rights Agreement dated October 1, 2014 (the “Prior Agreement”); 

WHEREAS, the parties to the Prior Agreement desire to amend and restate the Prior Agreement and accept the rights and
covenants hereof in lieu of their rights and covenants under the Prior Agreement; and 
 WHEREAS, in connection
with the consummation of the Financing, the Company and the Investors have agreed to the registration rights, information rights, and other rights as set forth below. 

NOW, THEREFORE, in consideration of these premises and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. GENERAL. 

1.1 Definitions. As used in this Agreement the following terms shall have the following respective meanings: 

  
 1. 

 (a) “Affiliate” means, with respect to any specified Person, any
other Person who, directly or indirectly, controls, is controlled by, or is under common control with such Person, including without limitation any direct or indirect partially or wholly owned subsidiary, any parent entity that owns some or all of
the capital stock or other equity of such Person, or any entity owned wholly or in part by the same parent entity of such Person. 

(b) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(c) “Form S-3” means such form under the Securities Act as in effect on the date hereof or any
successor or similar registration form under the Securities Act subsequently adopted by the SEC which permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

(d) “Holder” means any Person owning of record Registrable Securities that have not been sold to
the public or any assignee of record of such Registrable Securities in accordance with Section 2.9 hereof. 

(e) “Initial Offering” means the Company’s first firm commitment underwritten public offering
of its Common Stock registered under the Securities Act. 
 (f) “Person” means any individual,
corporation, partnership, trust, limited liability company, association or other entity. 
 (g) “Preferred
Stock” shall mean the Company’s Series A Stock, Series B Stock, Series C Stock, Series D Stock, Series E Stock, Series F Stock, Series G Stock and the Series H Stock. 

(h) “Register,” “registered,” and “registration” refer to a
registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of effectiveness of such registration statement or document. 

(i) “Registrable Securities” means (a) Common Stock of the Company issuable or issued upon
conversion of the Shares and (b) any Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange
for or in replacement of, such above-described securities. Notwithstanding the foregoing, Registrable Securities shall not include any securities (i) sold by a Person to the public either pursuant to a registration statement or Rule 144 or
(ii) sold in a private transaction in which the transferor’s rights under Section 2 of this Agreement are not assigned. 

(j) “Registrable Securities then outstanding” shall be the number of shares of the Company’s
Common Stock that are Registrable Securities and either (a) are then issued and outstanding or (b) are issuable pursuant to then exercisable or convertible securities. 

(k) “Registration Expenses” shall mean all expenses incurred by the Company in complying with
Sections 2.2, 2.3 and 2.4 hereof, including, without limitation, all registration and filing fees, printing expenses, fees and disbursements of counsel for the Company, reasonable 

  
 2. 

 
fees and disbursements not to exceed twenty-five thousand dollars ($25,000) of a single special counsel for the Holders, blue sky fees and expenses and the expense of any special audits incident
to or required by any such registration (but excluding the compensation of regular employees of the Company which shall be paid in any event by the Company). 

(l) “SEC” or “Commission” means the Securities and Exchange
Commission. 
 (m) “Securities Act” shall mean the Securities Act of 1933, as
amended. 
 (n) “Selling Expenses” shall mean all underwriting discounts and
selling commissions applicable to the sale. 
 (o) “Shares” shall mean the Preferred Stock held
from time to time by the Investors listed on Exhibit A hereto and their permitted assigns. 
 (p) “Special
Registration Statement” shall mean (i) a registration statement relating to any employee benefit plan or (ii) with respect to any corporate reorganization or transaction under Rule 145 of the Securities Act, any
registration statements related to the issuance or resale of securities issued in such a transaction or (iii) a registration related to stock issued upon conversion of debt securities. 

SECTION 2. REGISTRATION; RESTRICTIONS ON TRANSFER. 

2.1 Restrictions on Transfer. 

(a) Each Holder agrees not to make any disposition of all or any portion of the Shares or Registrable Securities unless and until: 

(i) there is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition
is made in accordance with such registration statement; or 
 (ii) (A) The transferee has agreed in writing to be bound by
the terms of this Agreement, (B) such Holder shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and (C) if
reasonably requested by the Company, such Holder shall have furnished the Company with an opinion of counsel, reasonably satisfactory to the Company, that such disposition will not require registration of such shares under the Securities Act. It is
agreed that the Company will not require opinions of counsel prior to the authorization of the transfer of stock or the removal of Rule 144 legends for routine transactions made pursuant to Rule 144, or for any transfer of stock to a Holder’s
Affiliates or partners. After its Initial Offering, the Company will not require any transferee pursuant to Rule 144 to be bound by the terms of this Agreement if the shares so transferred do not remain Registrable Securities hereunder following
such transfer. 

  
 3. 

 (b) Notwithstanding the provisions of subsection (a) above, no such restriction shall
apply to a transfer by a Holder that is (A) a partnership transferring to its partners or former partners in accordance with partnership interests, (B) a limited liability company transferring to its members or former members in accordance
with their interest in the limited liability company, (C) an individual transferring to the Holder’s family member or trust for the benefit of an individual Holder, (D) to an Affiliate of the Holder, (E) to a Permitted 21st
Century Fox Entity (as defined below), or (F) to a Permitted Viacom Entity (as defined below); provided that in each case the transferee will agree in writing to be subject to the terms of this Agreement to the same extent as if he were
an original Holder hereunder. A “Permitted 21st Century Fox Entity” shall be defined as 21st Century Fox, Inc. (“21st Century Fox”), or any entity formed in connection with or in anticipation of
a transaction or series of transactions pursuant to which certain assets, intellectual property, technology, existing products, services and/or businesses of 21st Century Fox become partially or completely independent from 21st Century Fox. A
“Permitted Viacom Entity” shall be defined as Viacom Inc. (“Viacom”), or any entity controlled by Viacom. 

(c) Each certificate representing Shares or Registrable Securities shall be stamped or otherwise imprinted with legends substantially
similar to the following (in addition to any legend required under applicable state securities laws): 
 THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR UNLESS THE COMPANY HAS RECEIVED AN
OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED. 
 THE SALE, PLEDGE, HYPOTHECATION OR
TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN INVESTOR RIGHTS AGREEMENT BY AND BETWEEN THE STOCKHOLDER AND THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO
THE SECRETARY OF THE COMPANY. 
 (d) The Company shall be obligated to reissue promptly unlegended certificates at the
request of any Holder thereof if the Company has completed its Initial Offering and the Holder shall have obtained an opinion of counsel (which counsel may be counsel to the Company) reasonably acceptable to the Company to the effect that the
securities proposed to be disposed of may lawfully be so disposed of without registration, qualification and legend, provided that the second legend listed above shall be removed only at such time as the Holder of such certificate is no
longer subject to any restrictions hereunder. 
 (e) Any legend endorsed on an instrument pursuant to applicable state
securities laws and the stop-transfer instructions with respect to such securities shall be removed upon receipt by the Company of an order of the appropriate blue sky authority authorizing such removal. 

  
 4. 

 2.2 Demand Registration. 

(a) Subject to the conditions of this Section 2.2, if the Company shall receive a written request from the Holders of a majority of
the Registrable Securities then outstanding (the “Initiating Holders”) that the Company file a registration statement under the Securities Act covering the registration of at least twenty percent (20%) of the Registrable Securities
then outstanding (so long as the anticipated aggregate offering price, net of underwriting discounts and commissions, would exceed $40,000,000), then the Company shall use its best efforts, within thirty (30) days of the receipt thereof, give
written notice of such request to all Holders, and subject to the limitations of this Section 2.2, to effect, the registration under the Securities Act of all Registrable Securities that all Holders request to be registered. 

(b) If the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an
underwriting, they shall so advise the Company as a part of their request made pursuant to this Section 2.2 or any request pursuant to Section 2.4 and the Company shall include such information in the written notice referred to in
Section 2.2(a) or Section 2.4(a), as applicable. In such event, the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the
inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form
with the underwriter or underwriters selected for such underwriting by the Holders of a majority of the Registrable Securities held by all Initiating Holders (which underwriter or underwriters shall be reasonably acceptable to the Company).
Notwithstanding any other provision of this Section 2.2 or Section 2.4, if the underwriter advises the Company that marketing factors require a limitation of the number of securities to be underwritten (including Registrable Securities)
then the Company shall so advise all Holders of Registrable Securities that would otherwise be underwritten pursuant hereto, and the number of shares that may be included in the underwriting shall be allocated to the Holders of such Registrable
Securities on a pro rata basis based on the number of Registrable Securities held by all such Holders (including the Initiating Holders); provided, however, that the number of shares of Registrable Securities to be included in
such underwriting and registration shall not be reduced unless all other securities of the Company are first entirely excluded from the underwriting and registration. Any Registrable Securities excluded or withdrawn from such underwriting shall be
withdrawn from the registration. 
 (c) The Company shall not be required to effect a registration pursuant to this
Section 2.2: 
 (i) prior to the earlier of (A) the third anniversary of the date of this Agreement or (B) of the
expiration of the restrictions on transfer set forth in Section 2.11 following the Initial Offering; 

  
 5. 

 (ii) after the Company has effected two (2) registrations pursuant to this
Section 2.2, and such registrations have been declared or ordered effective; 
 (iii) during the period starting
with the date of filing of, and ending on the date one hundred eighty (180) days following the effective date of the registration statement pertaining to the Company’s Initial Offering (or such longer period as may be determined pursuant
to Section 2.11 hereof), other than pursuant to a Special Registration Statement; provided that the Company makes reasonable good faith efforts to cause such registration statement to become effective; 

(iv) if within thirty (30) days of receipt of a written request from Initiating Holders pursuant to Section 2.2(a), the
Company gives notice to the Holders of the Company’s intention to file a registration statement for its Initial Offering within ninety (90) days; 

(v) if the Company shall furnish to Holders requesting a registration statement pursuant to this Section 2.2 a
certificate signed by the Chairman of the Board of Directors of the Company (the “Board”) stating that in the good faith judgment of the Board, it would be seriously detrimental to the Company and its stockholders for such registration
statement to be effected at such time, in which event the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders; provided that such right
to delay a request shall be exercised by the Company not more than once in any twelve (12) month period;  
 (vi) if the
Initiating Holders propose to dispose of shares of Registrable Securities that may be immediately registered on Form S-3 pursuant to a request made pursuant to Section 2.4 below; or 

(vii) in any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent
to service of process in effecting such registration, qualification or compliance. 
 2.3 Piggyback Registrations. The Company shall
notify all Holders of Registrable Securities in writing at least fifteen (15) days prior to the filing of any registration statement under the Securities Act for purposes of a public offering of securities of the Company (including, but not
limited to, registration statements relating to secondary offerings of securities of the Company, but excluding Special Registration Statements) and will afford each such Holder an opportunity to include in such registration statement all or part of
such Registrable Securities held by such Holder. Each Holder desiring to include in any such registration statement all or any part of the Registrable Securities held by it shall, within fifteen (15) days after the above-described notice from
the Company, so notify the Company in writing. Such notice shall state the intended method of disposition of the Registrable Securities by such Holder. If a Holder decides not to include all of its Registrable Securities in any registration
statement thereafter filed by the Company, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent registration statement or registration statements as may be filed by the Company with
respect to offerings of its securities, all upon the terms and conditions set forth herein. 

  
 6. 

 (a) Underwriting. If the registration statement of which the Company gives notice under
this Section 2.3 is for an underwritten offering, the Company shall so advise the Holders of Registrable Securities. In such event, the right of any such Holder to include Registrable Securities in a registration pursuant to this
Section 2.3 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute
their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by the Company. Notwithstanding any other provision of this
Agreement, if the underwriter determines in good faith that marketing factors require a limitation of the number of shares to be underwritten, the number of shares that may be included in the underwriting shall be allocated, first, to the Company;
second, to the Holders on a pro rata basis based on the total number of Registrable Securities held by the Holders; and third, to any stockholder of the Company (other than a Holder) on a pro rata basis; provided,
however, that no such reduction shall reduce the amount of securities of the selling Holders included in the registration below twenty-five percent (25%) of the total amount of securities included in such registration, unless such
offering is the Initial Offering and such registration does not include shares of any other selling stockholders, in which event any or all of the Registrable Securities of the Holders may be excluded in accordance with the immediately preceding
clause. In no event will shares of any other selling stockholder be included in such registration that would reduce the number of shares which may be included by Holders without the written consent of Holders of not less than a majority of the
Registrable Securities proposed to be sold in the offering. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter, delivered at least ten
(10) business days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration. For any Holder which is a partnership,
limited liability company or corporation, the partners, retired partners, members, retired members and stockholders of such Holder, or the estates and family members of any such partners, retired partners, members and retired members and any trusts
for the benefit of any of the foregoing Person shall be deemed to be a single “Holder,” and any pro rata reduction with respect to such “Holder” shall be based upon the aggregate amount of shares carrying registration
rights owned by all entities and individuals included in such “Holder,” as defined in this sentence. 
 (b) Right to Terminate
Registration. The Company shall have the right to terminate or withdraw any registration initiated by it under this Section 2.3 whether or not any Holder has elected to include securities in such registration, and shall promptly notify any
Holder that has elected to include shares in such registration of such termination or withdrawal. The Registration Expenses of such withdrawn registration shall be borne by the Company in accordance with Section 2.5 hereof. 

2.4 Form S-3 Registration. In case the Company shall receive from any Holder or Holders of Registrable Securities a written request or
requests that the Company effect a registration on Form S-3 (or any successor to Form S-3) or any similar short-form registration statement and any related qualification or compliance with respect to all or a part of the Registrable
Securities owned by such Holder or Holders, the Company will: 

  
 7. 

 (a) promptly give written notice of the proposed registration, and any related
qualification or compliance, to all other Holders of Registrable Securities; and 
 (b) as soon as practicable,
effect such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are
specified in such request, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written
notice from the Company; provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance pursuant to this Section 2.4: 

(i) if Form S-3 is not available for such offering by the Holders, or 

(ii) if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration,
propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public of less than five hundred thousand dollars ($500,000), or 

(iii) if the Company shall furnish to the Holders a certificate signed by the Chairman of the Board stating that in the
good faith judgment of the Board, it would be seriously detrimental to the Company and its stockholders for such Form S-3 registration to be effected at such time, in which event the Company shall have the right to defer the filing of the
Form S-3 registration statement for a period of not more than ninety (90) days after receipt of the request of the Holder or Holders under this Section 2.4; provided, that such right to delay a request shall be exercised by the
Company not more than twice in any twelve (12) month period, or 
 (iv) if the Company has already effected two
(2) registrations on Form S-3 for the Holders pursuant to this Section 2.4, or 
 (v) in any particular jurisdiction
in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance. 

(c) Subject to the foregoing, the Company shall file a Form S-3 registration statement covering the Registrable Securities and
other securities so requested to be registered as soon as practicable after receipt of the requests of the Holders. Registrations effected pursuant to this Section 2.4 shall not be counted as demands for registration or registrations effected
pursuant to Section 2.2. 

  
 8. 

 2.5 Expenses of Registration. Except as specifically provided herein, all
Registration Expenses incurred in connection with any registration, qualification or compliance pursuant to Section 2.2, 2.3 or 2.4 herein shall be borne by the Company. All Selling Expenses incurred in connection with any registrations
hereunder, shall be borne by the holders of the securities so registered pro rata on the basis of the number of shares so registered. The Company shall not, however, be required to pay for expenses of any registration proceeding begun
pursuant to Section 2.2 or 2.4, the request of which has been subsequently withdrawn by the Initiating Holders unless (a) the withdrawal is based upon material adverse information concerning the Company of which the Initiating Holders were
not aware at the time of such request or (b) the Holders of a majority of Registrable Securities agree to deem such registration to have been effected as of the date of such withdrawal for purposes of determining whether the Company shall be
obligated pursuant to Section 2.2(c) or 2.4(b), as applicable, to undertake any subsequent registration, in which event, such right shall be forfeited by all Holders. If the Holders are required to pay the Registration Expenses, such expenses
shall be borne by the holders of securities (including Registrable Securities) requesting such registration in proportion to the number of shares for which registration was requested. If the Company is required to pay the Registration Expenses of a
withdrawn offering pursuant to clause (a) above, then such registration shall not be deemed to have been effected for purposes of determining whether the Company shall be obligated pursuant to Section 2.2(c) or 2.4(b), as applicable, to
undertake any subsequent registration. 
 2.6 Obligations of the Company. Whenever required to effect the registration of any
Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a) prepare and file with
the SEC a registration statement with respect to such Registrable Securities and use all reasonable efforts to cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities
registered thereunder, keep such registration statement effective for up to ninety (90) days or, if earlier, until the Holder or Holders have completed the distribution related thereto; provided, however, that (i) such ninety
(90)-day period shall be extended for a period of time equal to the period the Holder refrains from selling any securities included in such registration at the request of an underwriter of Common Stock (or other securities) of the Company; and
(ii) in the case of any registration of Registrable Securities on Form S-3 which are intended to be offered on a continuous or delayed basis, such ninety (90)-day period shall be extended, if necessary, to keep the registration statement
effective until all such Registrable Securities are sold, provided that Rule 415, or any successor rule under the Securities Act, permits an offering on a continuous or delayed basis, and provided further that applicable rules under
the Securities Act governing the obligation to file a post-effective amendment permit, in lieu of filing a post-effective amendment which (I) includes any prospectus required by Section 10(a)(3) of the Securities Act or (II) reflects facts
or events representing a material or fundamental change in the information set forth in the registration statement, the incorporation by reference of information required to be included in (I) and (II) above to be contained in periodic reports
filed pursuant to Section 13 or 15(d) of the Exchange Act in the registration statement; provided further, however, that at any time, upon written notice to the participating Holders and for a period not to exceed sixty
(60) days thereafter (the “Suspension Period”), the Company may delay the filing or effectiveness of any registration statement or suspend the use or effectiveness of any registration statement (and the Initiating Holders hereby agree
not to offer or sell any Registrable Securities pursuant to such registration statement during the Suspension Period) if the Company reasonably believes that there is or may be in existence material nonpublic information or events involving the
Company, the failure of  

  
 9. 

 
which to be disclosed in the prospectus included in the registration statement could result in a Violation (as defined below). In the event that the Company shall exercise its right to delay or
suspend the filing or effectiveness of a registration hereunder, the applicable time period during which the registration statement is to remain effective shall be extended by a period of time equal to the duration of the Suspension Period. The
Company may extend the Suspension Period for an additional consecutive sixty (60) days with the consent of the holders of a majority of the Registrable Securities registered under the applicable registration statement, which consent shall not
be unreasonably withheld. No more than two (2) such Suspension Periods shall occur in any twelve (12) month period. In no event shall any Suspension Period, when taken together with all prior Suspension Periods, exceed 120 days in the
aggregate. If so directed by the Company, all Holders registering shares under such registration statement shall (i) not offer to sell any Registrable Securities pursuant to the registration statement during the period in which the delay or
suspension is in effect after receiving notice of such delay or suspension; and (ii) use their best efforts to deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Holders’
possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. Notwithstanding the foregoing, the Company shall not be required to file, cause to become effective or maintain the effectiveness of
any registration statement other than a registration statement on Form S-3 that contemplates a distribution of securities on a delayed or continuous basis pursuant to Rule 415 under the Securities Act. 

(b) Prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection
with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement for the period set forth in subsection (a) above.

 (c) Furnish to the Holders such number of copies of a prospectus, including a preliminary prospectus, in conformity with the
requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them. 

(d) Use its reasonable efforts to register and qualify the securities covered by such registration statement under such
other securities or Blue Sky laws of such jurisdictions as shall be reasonably requested by the Holders; provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a
general consent to service of process in any such states or jurisdictions. 
 (e) In the event of any underwritten public
offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter(s) of such offering. Each Holder participating in such underwriting shall also enter into and perform its
obligations under such an agreement. 
 (f) Notify each Holder of Registrable Securities covered by such registration statement at any
time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such 

  
 10. 

 
registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing. The Company will use reasonable efforts to amend or supplement such prospectus in order to cause such prospectus not to include any untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. 

(g) Use its reasonable efforts to furnish, on the date that such Registrable Securities are delivered to the underwriters for sale, if
such securities are being sold through underwriters, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an
underwritten public offering, addressed to the underwriters, if any, and (ii) a letter, dated as of such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent
certified public accountants to underwriters in an underwritten public offering addressed to the underwriters. 
 (h) Cause all such
Registrable Securities registered pursuant hereunder to be listed on each securities exchange on which similar securities issued by the Company are then listed. 

2.7 Delay of Registration; Furnishing Information. 

(a) No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result
of any controversy that might arise with respect to the interpretation or implementation of this Section 2. 
 (b) It shall be a
condition precedent to the obligations of the Company to take any action pursuant to Section 2.2, 2.3 or 2.4 that the selling Holders shall furnish to the Company such information regarding themselves, the Registrable Securities held by them
and the intended method of disposition of such securities as shall be required to effect the registration of their Registrable Securities. 

(c) The Company shall have no obligation with respect to any registration requested pursuant to Section 2.2 or Section 2.4 if
the number of shares or the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not equal or exceed the number of shares or the anticipated aggregate offering price required to originally
trigger the Company’s obligation to initiate such registration as specified in Section 2.2 or Section 2.4, whichever is applicable. 

  
 11. 

 2.8 Indemnification. In the event any Registrable Securities are included in a
registration statement under Sections 2.2, 2.3 or 2.4: 
 (a) To the extent permitted by law, the Company will
indemnify and hold harmless each Holder, the partners, members, officers and directors of each Holder, any underwriter (as defined in the Securities Act) for such Holder and each Person, if any, who controls such Holder or underwriter within
the meaning of the Securities Act or the Exchange Act, against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such
losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”) by the Company: (i) any untrue statement or
alleged untrue statement of a material fact contained in such registration statement or incorporated reference therein, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto,
(ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Securities
Act, the Exchange Act, any state securities law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities law in connection with the offering covered by such registration statement; and the Company will
reimburse each such Holder, partner, member, officer, director, underwriter or controlling Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or
action as such expenses are incurred; provided, however, that the indemnity agreement contained in this Section 2.8(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such
settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action to the extent that it arises out of
or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by such Holder, partner, member, officer, director, underwriter or controlling
Person of such Holder. 
 (b) To the extent permitted by law, each Holder, on a several and not joint basis, will, if
Registrable Securities held by such Holder are included in the securities as to which such registration qualifications or compliance is being effected, indemnify and hold harmless the Company, each of its directors, its officers and each Person, if
any, who controls the Company within the meaning of the Securities Act, any underwriter and any other Holder selling securities under such registration statement or any of such other Holder’s partners, directors or officers or any Person who
controls such Holder, against any losses, claims, damages or liabilities (joint or several) to which the Company or any such director, officer, controlling Person, underwriter or other such Holder, or partner, director, officer or controlling Person
of such other Holder may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any of the
following statements: (i) any untrue statement or alleged untrue statement of a material fact contained in such registration statement or incorporated reference therein, including any preliminary prospectus or final prospectus contained therein
or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged
violation by the Company of the Securities Act (collectively, a “Holder Violation”), in each case to the extent (and only to the extent) that such Holder Violation occurs in reliance upon and in conformity with written information
furnished by such Holder under an instrument duly executed by such Holder and stated to be specifically for use in connection with such registration; and each such Holder will reimburse any legal or other expenses reasonably

  
 12. 

 
incurred by the Company or any such director, officer, controlling Person, underwriter or other Holder, or partner, officer, director or controlling Person of such other Holder in connection
with investigating or defending any such loss, claim, damage, liability or action if it is judicially determined that there was such a Holder Violation; provided, however, that the indemnity agreement contained in this Section 2.8(b)
shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld; provided further, that in
no event shall any indemnity under this Section 2.8 exceed the net proceeds from the offering received by such Holder. 

(c) Promptly after receipt by an indemnified party under this Section 2.8 of notice of the commencement of any action
(including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2.8, deliver to the indemnifying party a written notice of the commencement thereof
and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to
the parties; provided, however, that an indemnified party shall have the right to retain its own counsel, with the fees and expenses thereof to be paid by the indemnifying party, if representation of such indemnified party by the counsel
retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of any liability to the indemnified party under this Section 2.8 to the extent, and only to the extent, prejudicial to its
ability to defend such action, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.8. 

(d) If the indemnification provided for in this Section 2.8 is held by a court of competent jurisdiction to be
unavailable to an indemnified party with respect to any losses, claims, damages or liabilities referred to herein, the indemnifying party, in lieu of indemnifying such indemnified party thereunder, shall to the extent permitted by applicable law
contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the
indemnified party on the other in connection with the Violation(s) or Holder Violation(s) that resulted in such loss, claim, damage or liability, as well as any other relevant equitable considerations. The relative fault of the indemnifying party
and of the indemnified party shall be determined by a court of law by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission; provided, that in no event shall any contribution by a
Holder hereunder exceed the net proceeds from the offering received by such Holder, provided further, that the relative benefits received by the indemnifying party and the indemnified party shall be determined by reference to the net proceeds
and underwriting discounts and commissions from the offering received by each party. 

  
 13. 

 (e) The obligations of the Company and Holders under this Section 2.8 shall survive
completion of any offering of Registrable Securities in a registration statement and, with respect to liability arising from an offering to which this Section 2.8 would apply that is covered by a registration filed before termination of this
Agreement, such termination. No indemnifying party, in the defense of any such claim or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or litigation. 

2.9 Assignment of Registration Rights. The rights to cause the Company to register Registrable Securities pursuant to this
Section 2 may be assigned by a Holder to a transferee or assignee of Registrable Securities (for so long as such shares remain Registrable Securities) that (a) is an Affiliate of the Holder, (b) is a Permitted 21st Century Fox Entity,
(c) is the Holder’s immediate family member or trust for the benefit of the Holder or one or more of such Holder’s immediate family members, or (d) after such transfer, holds at least 50,000 shares of Registrable Securities
(subject to appropriate adjustment for stock splits, stock dividends, combinations and other recapitalizations); provided, however, (i) the transferor shall, within ten (10) days after such transfer, furnish to the Company written
notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned and (ii) such transferee shall agree to be subject to all restrictions set forth in this
Agreement. For purposes of determining the number of shares of Registrable Securities held by a transferee, the holdings of a transferee (A) that is an Affiliate or stockholder of a Holder, (B) that is a Permitted 21st Century Fox Entity,
(C) who is a Holder’s immediate family member, or (D) that is a trust for the benefit of an individual Holder or such Holder’s immediate family member shall be aggregated together and with those of the transferring Holder. 

2.10 Limitation on Subsequent Registration Rights. Other than as provided in Section 5.10, after the date of this Agreement, the
Company shall not enter into any agreement with any holder or prospective holder of any securities of the Company that would grant such holder rights to demand the registration of shares of the Company’s capital stock, or to include such shares
in a registration statement that would reduce the number of shares includable by the Holders. 
 2.11 “Market Stand-Off”
Agreement. Each Holder hereby agrees that such Holder shall not sell, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any Common
Stock (or other securities) of the Company held by such Holder (other than those included in the registration or shares acquired in or after the Initial Offering) during the 180-day period following the effective date of the Initial Offering (or
such longer period, not to exceed 34 days after the expiration of the 180-day period, as the underwriters or the Company shall request in order to facilitate compliance with FINRA Rule 2711 or NYSE Member Rule 472 or any successor or similar rule or
regulation); provided, that (i) all officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities are bound by and have entered into similar agreements and (ii) the
foregoing provisions shall only be applicable to the Holders if all stockholders, officers and directors are treated similarly with respect to any release prior to the termination of the lock-up period (including any extension

  
 14. 

 
thereof) such that if any such persons are released all Holders shall also be released to the same extent on a pro rata basis. The obligations described in this Section 2.11 shall not
apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a transaction on Form S-4 or similar forms that may be promulgated
in the future. 
 2.12 Agreement to Furnish Information. Each Holder agrees to execute and deliver such other agreements as may be
reasonably requested by the Company or the underwriter solely to effectuate the Holder’s obligations under Section 2.11. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other
securities) of the Company, each Holder shall used commercially reasonable efforts to provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of
any public offering of the Company’s securities pursuant to a registration statement filed under the Securities Act. The obligations described in Section 2.11 and this Section 2.12 shall not apply to a Special Registration Statement.
The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing lock-up restriction until the end of said day period. Each Holder agrees that any transferee of any shares of
Registrable Securities shall be bound by Sections 2.11 and 2.12. 
 2.13 Rule 144 Reporting. With a view to making
available to the Holders the benefits of certain rules and regulations of the SEC which may permit the sale of the Registrable Securities to the public without registration, the Company agrees to use its best efforts to: 

(a) Make and keep public information available, as those terms are understood and defined in SEC Rule 144 or any similar or
analogous rule promulgated under the Securities Act, at all times after the effective date of the first registration filed by the Company for an offering of its securities to the general public; 

(b) Take such action, including the voluntary registration of its Common Stock under Section 12 of the Exchange Act, as is
necessary to enable Holders to utilize Form S-3 for the sale of their Registrable Securities, such action to be taken as soon as practicable after the end of the fiscal year in which the first registration statement is filed by the Company for the
offering of its securities to the general public is declared effective; 
 (c) File with the SEC, in a timely manner, all reports and
other documents required of the Company under the Exchange Act; and 
 (d) So long as a Holder owns any Registrable Securities,
furnish to such Holder forthwith upon request: a written statement by the Company as to its compliance with the reporting requirements of said Rule 144 of the Securities Act, and of the Exchange Act (at any time after it has become subject to such
reporting requirements); a copy of the most recent annual or quarterly report of the Company filed with the Commission; and such other reports and documents as a Holder may reasonably request in connection with availing itself of any rule or
regulation of the SEC allowing it to sell any such securities without registration. 

  
 15. 

 2.14 Termination of Registration Rights. The right of any Holder to request registration
or inclusion of Registrable Securities in any registration pursuant to Section 2.2, Section 2.3, or Section 2.4 hereof shall terminate upon the earlier of: (i) the date three (3) years following an initial public offering
that results in the conversion of all outstanding shares of Preferred Stock; or (ii) such time as such Holder, as reflected on the Company’s list of stockholders, holds less than 1% of the Company’s outstanding Common Stock (treating
all shares of Preferred Stock on an as converted basis), the Company has completed its Initial Offering and all Registrable Securities of the Company issuable or issued upon conversion of the Shares held by and issuable to such Holder (and its
Affiliates) may be sold pursuant to Rule 144 during any ninety (90) day period. Upon such termination, such shares shall cease to be “Registrable Securities” hereunder for all purposes. 

SECTION 3. COVENANTS OF THE COMPANY. 

3.1 Basic Financial Information and Reporting. 

(a) The Company will maintain true books and records of account in which full and correct entries will be made of all its business
transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied (except as noted therein or as disclosed to the recipients thereof), and will set aside on
its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied. 

(b) So long as an Investor (with its Affiliates) shall own not less than five million (5,000,000) shares of Registrable Securities
(as adjusted for stock splits and combinations) or, with respect to Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund, Fidelity Securities Fund: Fidelity OTC Portfolio, Fidelity Puritan Trust: Fidelity Puritan Fund, and Fidelity
Magellan Fund: Fidelity Magellan Fund (collectively, “Fidelity”), so long as Fidelity, collectively with its Affiliates, owns any shares of capital stock of the Company, (each a “Major Investor”), as soon as practicable after the
end of each fiscal year of the Company, and in any event within one hundred eighty (180) days thereafter, the Company will furnish each such Major Investor a balance sheet of the Company, as at the end of such fiscal year, and a statement of
income and a statement of cash flows of the Company, for such year, all prepared in accordance with generally accepted accounting principles consistently applied (except as noted therein or as disclosed to the recipients thereof) and setting forth
in each case in comparative form the figures for the previous fiscal year, all in reasonable detail. Such financial statements shall be accompanied by a report and opinion thereon by independent public accountants selected by the Board. 

(c) As soon as practicable after the end of the first, second and third quarterly accounting periods in each fiscal year of the Company,
and in any event within forty-five (45) days thereafter, the Company will furnish each such Major Investor a balance sheet of the Company as of the end of each such quarterly period, and a statement of income and a statement of cash flows of
the Company for such period and for the current fiscal year to date, including a comparison to plan figures for such period, all prepared in accordance with generally accepted accounting principles consistently applied (except as noted therein or as
disclosed to the recipients thereof), with the exception that no notes need be attached to such statements and year-end audit adjustments may not have been made. 

  
 16. 

 (d) The Company will furnish each such Major Investor (i) by March 31 of each
fiscal year an annual budget and operating plans for such fiscal year (and as soon as available, any subsequent written revisions thereto); and (ii) as soon as practicable after the end of each month, and in any event within twenty
(20) days thereafter, a balance sheet of the Company as of the end of each such month, and a statement of income and a statement of cash flows of the Company for such month and for the current fiscal year to date, including a comparison to plan
figures for such period, all prepared in accordance with generally accepted accounting principles consistently applied (except as noted therein or as disclosed to the recipients thereof), with the exception that no notes need be attached to such
statements and year-end audit adjustments may not have been made. 
 3.2 Inspection Rights. Each Major Investor shall have the right
to visit and inspect any of the properties of the Company or any of its subsidiaries, and to discuss the affairs, finances and accounts of the Company or any of its subsidiaries with its officers, and to review such information as is reasonably
requested all at such reasonable times and as often as may be reasonably requested; provided, however, that the Company shall not be obligated under this Section 3.2 with respect to a competitor of the Company or with
respect to information which the Board determines in good faith is confidential or attorney-client privileged and should not, therefore, be disclosed. For the purposes of this Section 3.2, the Company agrees that 21st Century Fox, Sky Ventures
Limited (“Sky”) and Viacom are not competitors as of the date of the initial sale of Series E Stock, provided, however, the Board may change this determination at a future date with reasonable justification. 

 3.3 Confidentiality of Records. Each Investor agrees to use the same degree of care as such Investor uses to protect its own
confidential information to keep confidential any information furnished to such Investor that the Company identifies as being confidential or proprietary (so long as such information is not in the public domain), except that such Investor may
disclose such proprietary or confidential information (i) to any partner, subsidiary or parent of such Investor as long as such partner, subsidiary or parent is advised of and agrees or has agreed to be bound by the confidentiality provisions
of this Section 3.3 or comparable restrictions; (ii) at such time as it enters the public domain through no fault of such Investor; (iii) that is communicated to it free of any obligation of confidentiality; (iv) that is
developed by Investor or its agents independently of and without reference to any confidential information communicated by the Company; (v) as required by applicable law or legal processes; or (vi) to such Investor’s lawyers,
contractors, accountants and other advisors who have a need to have access and knowledge of such information and agree or has agreed to be bound by the confidentiality provisions of this Section 3.3 or comparable restrictions.  

3.4 Reservation of Common Stock. The Company will at all times reserve and keep available, solely for issuance and delivery upon the
conversion of the Preferred Stock, all Common Stock issuable from time to time upon such conversion. 

  
 17. 

 3.5 Key Man Insurance. Subject to approval by the Board, as soon as reasonably practicable
following the date of this Agreement, the Company will use commercially reasonable efforts to obtain and maintain in full force and effect term life insurance on the life of Anthony Wood, naming the Company as beneficiary, in an amount satisfactory
to the Board. 
 3.6 Director and Officer Insurance. Within sixty (60) days of this Agreement, the Company will use its
best efforts to obtain and maintain in full force and effect director and officer liability insurance in the amount of two million ($2,000,000) dollars so long as any representative of the Investors serves on the Company’s Board and such
coverage is available at commercially-reasonable rates. 
 3.7 Stock Vesting. Unless otherwise approved by the Board, all stock
options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at
the end of the first year following the date of issuance and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. Such options and other stock equivalents shall be subject to a repurchase option
in favor of the Company, which shall provide that upon termination of the employment of the recipient of such stock option or other stock equivalent, with or without cause, the Company (or an assignee of the Company, to the extent permissible under
applicable securities laws), shall retain the option to repurchase at cost any unvested shares held by such recipient. 
 3.8
Directors’ Expenses. The Company shall reimburse all reasonable out-of-pocket and travel expenses incurred by any non-employee director in connection with (i) attendance at Board meetings (including any meetings of committees thereof),
(ii) attendance at any other meetings or events attended on behalf of the Company at the request of the Company’s President and Chief Executive Officer and (iii) the performance of his or her duties as a director of the Company. Any
travel reimbursements shall be consistent with the Company’s travel policies for its Chief Executive Officer and shall be prorated based on expenses incurred by such director on behalf of companies other than the Company. 

3.9 Observer Rights. 

(a) So long as Fidelity, collectively with its Affiliates, owns not less than five million (5,000,000) shares of Registrable
Securities (as adjusted for stock splits and combinations), the Company shall, permit one (1) representative of Fidelity who may but need not be an employee of Fidelity or one of its Affiliates (the “Fidelity Observer”) to attend all
meetings (including any executive sessions thereof) of the Board and any committee thereof excluding the Audit Committee, the Compensation Committee and the Nominating and Governance Committee to the extent such committees exist (a
“Meeting”), whether in person, telephonically or otherwise, in a non-voting, observer capacity. In addition, the Company shall provide to the Fidelity Observer, concurrently with the members of the Board or the committees thereof, as
applicable, and in the same manner, notice of all Meetings and a copy of all materials provided to such members, including all notices, consents and other materials provided to such members in connection with any action to be taken by the Board or
the committee thereof, as applicable, without a meeting. Notwithstanding the foregoing, if the Board reasonably  

  
 18. 

 
determines in good faith that the exclusion of the Fidelity Observer, or withholding of the information to be provided to the Fidelity Observer, is necessary in order to: (i) preserve the
attorney-client privilege of the Company (such determination to be based on the advice of legal counsel to the Company) or (ii) avoid a conflict of interest between the Company and Fidelity, (in any such case “Withheld Information”),
the Company shall not be required to disclose to, and shall be entitled to withhold from, the Fidelity Observer any Withheld Information and the Fidelity Observer shall not participate in those portions of a Meeting at which any Withheld Information
is to be discussed and the Fidelity Observer shall excuse himself from any such relevant portion of a Meeting; provided, however, that the Fidelity Observer shall not be so excluded and such information shall not be withheld unless the Board (acting
reasonably and in good faith) ensures that all other individuals whose presence at a Meeting could cause any of the harms or concerns set forth under (i) or (ii) to occur are also excluded and do not receive such information, as
applicable. If the Fidelity Observer is so excluded, then, to the extent permissible, the Company will inform the Fidelity Observer of the general nature of the subject matter discussed and explain the Board’s rationale for the decision to
exclude the Fidelity Observer. 
 (b) So long as Viacom, collectively with its Affiliates, owns not less than five million
(5,000,000) shares of Registrable Securities (as adjusted for stock splits and combinations), the Company shall, permit one (1) representative of Viacom (the “Viacom Observer”) to attend all Meetings, whether in person,
telephonically or otherwise, in a non-voting, observer capacity. The Viacom Observer shall initially be Wade Davis, Executive Vice President and Chief Financial Officer of Viacom. Any change to the individual serving as the Viacom Observer
shall require the Company’s approval, which approval will be subject to the Company’s sole discretion; provided, that, following the earlier of (i) the one year anniversary of this Agreement or (ii) such time as Wade Davis
is no longer serving as Chief Financial Officer or as a senior executive of Viacom reporting to Viacom’s Chief Executive Officer (a “C-Suite Executive”), Viacom may designate a new individual to serve as the Viacom Observer who shall
be either the Chief Financial Officer or a C-Suite Executive of Viacom and shall be subject to the Company’s approval, which approval will not be unreasonably withheld. In addition, the Company shall provide to the Viacom Observer, concurrently
with the members of the Board or the committees thereof, as applicable, and in the same manner, notice of all Meetings and a copy of all materials provided to such members, including all notices, consents and other materials provided to such members
in connection with any action to be taken by the Board or the committee thereof, as applicable, without a meeting. Notwithstanding the foregoing, if the Board reasonably determines in good faith that the exclusion of the Viacom Observer, or
withholding of the information to be provided to the Viacom Observer, is necessary in order to: (i) preserve the attorney-client privilege of the Company (such determination to be based on the advice of legal counsel to the Company) or
(ii) avoid a conflict of interest between the Company and Viacom, (in any such case “Withheld Information”), the Company shall not be required to disclose to, and shall be entitled to withhold from, the Viacom Observer any Withheld
Information and the Viacom Observer shall not participate in those portions of a Meeting at which any Withheld Information is to be discussed and the Viacom Observer shall excuse himself from any such relevant portion of a Meeting; provided,
however, that the Viacom Observer shall not be so excluded and such information shall not be withheld unless the Board (acting reasonably and in good faith) ensures that all other individuals whose presence at a

  
 19. 

 
Meeting could cause any of the harms or concerns set forth under (i) or (ii) to occur are also excluded and do not receive such information, as applicable. If the Viacom Observer is so
excluded, then, to the extent permissible, the Company will inform the Viacom Observer of the general nature of the subject matter discussed and explain the Board’s rationale for the decision to exclude the Viacom Observer. 

3.10 Assignment of Right of First Refusal. In the event the Company elects not to exercise any right of first refusal or right of first
offer the Company may have on a proposed transfer of any of the Company’s outstanding capital stock pursuant to the Company’s charter documents, by contract or otherwise, the Company shall, to the extent it may do so, assign such right of
first refusal or right of first offer to each Investor. In the event of such assignment, each Investor shall have a right to purchase its pro rata portion of the capital stock proposed to be transferred. Each Investor’s pro
rata portion shall be equal to the product obtained by multiplying (i) the aggregate number of shares proposed to be transferred by (ii) a fraction, the numerator of which is the number of shares of Registrable Securities held by such
Investor at the time of the proposed transfer and the denominator of which is the total number of Registrable Securities owned by all Investors at the time of such proposed transfer.  

3.11 Termination of Covenants. All covenants of the Company contained in Section 3 of this Agreement (other than the provisions of
Section 3.3) shall expire and terminate as to each Investor upon the earlier of (i) the effective date of the registration statement pertaining to an Initial Offering that results in the Preferred Stock being converted into Common Stock or
(ii) upon an “Acquisition” or an “Asset Transfer”, in each case, as defined in the Company’s Amended and Restated Certificate of Incorporation as in effect as of
the date hereof. The covenants set forth in Sections 3.1 and 3.2 shall expire and terminate as to each Investor when the Company first becomes subject to the periodic reporting requirements of Sections 13 or 15(d) of the Exchange Act, if
this occurs earlier than the events described in the preceding sentence.  
 SECTION 4. RIGHTS OF FIRST REFUSAL. 

4.1 Subsequent Offerings. Subject to applicable securities laws, each Major Investor shall have a right of first refusal to purchase its
pro rata share of all Equity Securities, as defined below, that the Company may, from time to time, propose to sell and issue after the date of this Agreement, other than the Equity Securities excluded by Section 4.6
hereof. Each Major Investor’s pro rata share is equal to the ratio of (a) the number of shares of the Company’s Common Stock (including all shares of Common Stock issuable or issued upon conversion of the Shares
or upon the exercise of outstanding warrants or options) of which such Major Investor is deemed to be a holder immediately prior to the issuance of such Equity Securities to (b) the total number of shares of the Company’s outstanding
Common Stock (including all shares of Common Stock issued or issuable upon conversion of the Shares or upon the exercise of any outstanding warrants or options) immediately prior to the issuance of the Equity Securities. The term
“Equity Securities” shall mean (i) any Common Stock, Preferred Stock or other security of the Company, (ii) any security convertible into or exercisable or exchangeable for, with or without
consideration, any Common Stock, Preferred Stock or other security (including any option to purchase such a convertible security), (iii) any security carrying any warrant or right to subscribe to or purchase any Common Stock, Preferred Stock or
other security or (iv) any such warrant or right.  

  
 20. 

 4.2 Exercise of Rights. If the Company proposes to issue any Equity Securities, it shall
give each Major Investor written notice of its intention, describing the Equity Securities, the price and the terms and conditions upon which the Company proposes to issue the same. Each Major Investor shall have fifteen (15) days from the
giving of such notice to agree to purchase its pro rata share of the Equity Securities for the price and upon the terms and conditions specified in the notice by giving written notice to the Company and stating therein the
quantity of Equity Securities to be purchased. Notwithstanding the foregoing, the Company shall not be required to offer or sell such Equity Securities to any Major Investor who would cause the Company to be in violation of applicable federal
securities laws by virtue of such offer or sale. If not all of the Major Investors elect to purchase their pro rata share of the Equity Securities, then the Company shall promptly notify in writing the Major Investors who do so
elect and shall offer such Major Investors the right to acquire such unsubscribed shares on a pro rata basis. The Major Investors shall have five (5) days after receipt of such notice to notify the Company of its election
to purchase all or a portion thereof of the unsubscribed shares. Notwithstanding anything to the contrary in this Section 4, each of Menlo Ventures X, L.P. (“Menlo X”) and Globespan Capital Partners V, L.P. (“Globespan V”)
agrees that it will not purchase more than its pro rata share of any equity securities issued and sold by the Company, unless such issuance has been approved by the holders of at least 66 2/3% of the outstanding shares of Preferred Stock voting
together as a single class on an as-if-converted basis. For purposes of the preceding sentence, the pro rata share for Menlo X and Globespan V shall be calculated based on the number of shares actually issued by the Company rather than the number of
shares offered for sale by the Company. For purposes of this Section 4.2, Menlo X shall include all Menlo Ventures investment or management entities, and Globespan V shall include all Globespan Capital investment or management entities.

 4.3 Sale Without Notice. In lieu of giving notice to the Major Investors prior to the issuance of Equity Securities as provided
in Section 4.2, the Company may elect to give notice to the Major Investors within thirty (30) days after the issuance of Equity Securities. Such notice shall describe the type, price and terms of the Equity Securities. Each Major Investor
shall have twenty (20) days from the date of receipt of such notice to elect to purchase up to the number of shares that would, if purchased by such Major Investor, maintain such Major Investor’s pro rata share (as set forth in
Section 4.1) of the Equity Securities after giving effect to all such purchases. The closing of such sale shall occur within sixty (60) days of the date of notice to the Major Investors. 

4.4 Termination and Waiver of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply
to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Company’s Initial Offering or (ii) upon an Acquisition or Asset Transfer. Notwithstanding Section 5.5 hereof, the
rights of first refusal established by this Section 4 may be amended, or any provision waived with and only with the written consent of the Company and the Major Investors holding at least a majority of the Registrable Securities held by all
Major Investors, or as permitted by Section 5.5. 

  
 21. 

 4.5 Assignment of Rights of First Refusal. The rights of first refusal of each Major
Investor under this Section 4 may be assigned to the same parties, subject to the same restrictions as any transfer of registration rights pursuant to Section 2.9. 

4.6 Excluded Securities. The rights of first refusal established by this Section 4 shall have no application to any of the
following Equity Securities: 
 (a) up to an aggregate of 149,059,586 shares (provided, however,
that such number shall be increased to reflect any shares of Common Stock (i) not issued pursuant to the rights, agreements, option or warrants (“Unexercised Options”) as a result of the termination of such Unexercised Options or
(ii) reacquired by the Company from employees, directors or consultants at cost (or the lesser of cost or fair market value) pursuant to agreements which permit the Company to repurchase such shares upon termination of services to the Company)
of Common Stock and/or options, warrants or other Common Stock purchase rights and the Common Stock issued pursuant to such options, warrants or other rights (as adjusted for stock splits and combinations) issued or to be issued after the date
hereof to employees, officers or directors of, or consultants or advisors to the Company or any subsidiary, pursuant to stock purchase or stock option plans or other arrangements that are approved by the Board; 

(b) stock issued or issuable pursuant to any rights or agreements, options, warrants or convertible securities outstanding as of the
date of this Agreement; and stock issued pursuant to any such rights or agreements granted after the date of this Agreement, so long as the rights of first refusal established by this Section 4 were complied with, waived, or were inapplicable
pursuant to any provision of this Section 4.7 with respect to the initial sale or grant by the Company of such rights or agreements; 

(c) any Equity Securities issued for consideration other than cash pursuant to a merger, consolidation, acquisition or similar business
combination approved by the Board; 
 (d) any Equity Securities issued in connection with any stock split, stock dividend or
recapitalization by the Company; 
 (e) any Equity Securities issued pursuant to any equipment loan or leasing arrangement,
real property leasing arrangement, or debt financing from a bank or similar financial or lending institution approved by the Board; 

(f) any Equity Securities that are issued by the Company pursuant to a registration statement filed under the Securities Act; 

 (g) any Equity Securities issued to third-party service providers in exchange for or as partial consideration for services
rendered to the Company; and 
 (h) any Equity Securities issued in connection with strategic transactions
involving the Company and other entities, including, without limitation (i) joint ventures, manufacturing, marketing or distribution arrangements or (ii) technology transfer or development arrangements; provided that the issuance of
shares therein has been approved by the Board. 

  
 22. 

 SECTION 5. MISCELLANEOUS. 

5.1 Governing Law. This Agreement shall be governed by and construed under the laws of the State of California in all respects as such
laws are applied to agreements among California residents entered into and to be performed entirely within California, without reference to conflicts of laws or principles thereof. The parties agree that any action brought by either party under or
in relation to this Agreement, including without limitation to interpret or enforce any provision of this Agreement, shall be brought in, and each party agrees to and does hereby submit to the jurisdiction and venue of, any state or federal court
located in the County of Santa Clara, California. 
 5.2 Successors and Assigns. Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the parties hereto and their respective successors, assigns, heirs, executors, and administrators and shall inure to the benefit of and be enforceable by each Person who shall be
a holder of Registrable Securities from time to time; provided, however, that prior to the receipt by the Company of adequate written notice of the transfer of any Registrable Securities specifying the full name and address of
the transferee, the Company may deem and treat the Person listed as the holder of such shares in its records as the absolute owner and holder of such shares for all purposes, including the payment of dividends or any redemption price. For the
avoidance of doubt, the rights under this Agreement may be assigned without the Company’s written consent (a) by a Holder to any of its Affiliates or (b) by 21st Century Fox to any Permitted 21st Century Fox Entity. For purposes of
determining the number of shares of Registrable Securities held by a transferee, the holdings of a transferee (i) that is an Affiliate or stockholder of a Holder or (ii) that is a Permitted 21st Century Fox Entity shall be aggregated
together and with those of the transferring Holder. 
 5.3 Entire Agreement. This Agreement, the Exhibits and Schedules hereto,
the Purchase Agreement and the other documents delivered pursuant thereto, and the side letters by and between the Company and any Investor currently in effect as of the date hereof, constitute the full and entire understanding and agreement between
the parties with regard to the subjects hereof and no party shall be liable or bound to any other in any manner by any oral or written representations, warranties, covenants and agreements except as specifically set forth herein and therein. Each
party expressly represents and warrants that it is not relying on any oral or written representations, warranties, covenants or agreements outside of this Agreement. 

5.4 Severability. In the event one or more of the provisions of this Agreement should, for any reason, be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been
contained herein. 
 5.5 Amendment and Waiver. 

(a) Except as otherwise expressly provided, this Agreement may be amended or modified, and the obligations of the Company and the rights
of the Holders under this Agreement may be waived, only upon the written consent of the Company and the holders of at  

  
 23. 

 
least a majority of the then-outstanding Registrable Securities; provided, that this Agreement may not be amended or terminated and the observance of any term hereof may not be waived
with respect to any Holder without the written consent of such Holder, unless such amendment, termination, or waiver applies to all Holders in the same fashion; provided further, that Section 4.2 may not be amended without the written
consent of the Company and the holders of at least 66 2/3% of the outstanding shares of Preferred Stock voting as a single class on an as-if-converted basis; provided further, that Section 2 may not be amended without the written consent
of the Company and the holders of at least 66 2/3% of the outstanding Registrable Securities; provided further, that Sections 3.1, 3.2, 3.11, 4 and 5.5 may not be waived or amended in a manner that adversely affects the rights and privileges
of the Series E Preferred Stock without the written consent of the Company and at least 66 2/3% of the outstanding Series E Preferred Stock; provided, further, that Sections 3.1, 3.2, 3.9(a), 3.11 and 5.5 may not be waived or amended in a
manner that adversely affects the rights and privileges of the Series F Preferred Stock without the written consent of the Company and at least 66 2/3% of the outstanding Series F Preferred Stock; provided, further, that Sections 3.1, 3.2,
3.9(a), 3.11 and 5.5 may not be waived or amended in a manner that adversely affects the rights and privileges of the Series G Preferred Stock without the written consent of the Company and at least 66 2/3% of the outstanding Series G Preferred
Stock; provided, further, that Sections 3.1, 3.2, 3.11 and 5.5 may not be waived or amended in a manner that adversely affects the rights and privileges of the Series H Preferred Stock without the written consent of the Company and at least
66 2/3% of the outstanding Series H Preferred Stock and provided, further, that Section 3.9(b) may not be waived or amended in a manner that adversely affects the rights and privileges of Viacom without the written consent of Viacom.
Notwithstanding any other provision set forth in this Agreement, no amendment to, or waiver or termination of, this Agreement, (by merger, consolidation or otherwise) shall be effective as to any Investor without that Investor’s written consent
if such amendment, waiver or termination would (a) increase, or could reasonably be expected to increase, such Investor’s liability or obligations (financial or otherwise), (b) impose, or could reasonably be expected to impose, any
non-competition or non-solicitation covenant on such Investor or would otherwise restrict, or could reasonably be expected to otherwise restrict, such Investor from conducting any business or commercial activity in any way whatsoever, or
(c) amend, terminate or otherwise modify, or could reasonably be expected to amend, terminate or otherwise modify, any commercial agreement or arrangement with such Investor. The immediately preceding sentence may not be amended, waived or
terminated with respect to any Investor without such Investor’s prior written consent. All references to Investors in clauses (a), (b), and (c) above shall also include all Affiliates of such Investor. 

(b) For the purposes of determining the number of Holders or Investors entitled to vote or exercise any rights hereunder, the Company
shall be entitled to rely solely on the list of record holders of its stock as maintained by or on behalf of the Company. 
 5.6
Delays or Omissions. It is agreed that no delay or omission to exercise any right, power, or remedy accruing to any party, upon any breach, default or noncompliance by another party under this Agreement shall impair any such right, power, or
remedy, nor shall it be construed to be a waiver of any such breach, default or noncompliance, or any acquiescence therein, or of any similar breach, default or noncompliance thereafter occurring. It is further agreed that any waiver, permit,
consent, or approval of any kind or character on any party’s part  

  
 24. 

 
of any breach, default or noncompliance under the Agreement or any waiver on such party’s part of any provisions or conditions of this Agreement must be in writing and shall be effective
only to the extent specifically set forth in such writing. All remedies, either under this Agreement, by law, or otherwise afforded to any party, shall be cumulative and not alternative. 

5.7 Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon
personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient; if not, then on the next business day, (c) five (5) days after having been
sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All
communications shall be sent to the party to be notified at the address as set forth on the signature pages hereof or Exhibit A hereto or at such other address or electronic mail address as such party may designate by ten (10) days advance
written notice to the other parties hereto. 
 5.8 Attorneys’ Fees. In the event that any suit or action is instituted under or
in relation to this Agreement, including without limitation to enforce any provision in this Agreement, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of
such prevailing party under or with respect to this Agreement, including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals.

 5.9 Titles and Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference only
and are not to be considered in construing this Agreement. 
 5.10 Intentionally Omitted. 

5.11 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which
together shall constitute one instrument. 
 5.12 Aggregation of Stock. All shares of Registrable Securities held or acquired
by Affiliated Persons or Persons under common management or control shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. In addition, the share ownership of all Permitted 21st Century Fox
Entities shall be aggregated together for purposes of determining whether any Permitted 21st Century Fox Entity is entitled to any rights under this Agreement and the other agreements to which the Permitted 21st Century Fox Entities are a party. In
addition, the share ownership of all Permitted Viacom Entities shall be aggregated together for purposes of determining whether any Permitted Viacom Entity is entitled to any rights under this Agreement and the other agreements to which the
Permitted Viacom Entities are a party. 
 5.13 Pronouns. All pronouns contained herein, and any variations thereof, shall be deemed to
refer to the masculine, feminine or neutral, singular or plural, as to the identity of the parties hereto may require. 

  
 25. 

 5.14 Termination. This Agreement shall terminate and be of no further force or effect upon
the earlier of (i) an Acquisition or Asset Transfer; or (ii) the date three (3) years following the closing of the Initial Offering that results in the conversion of all outstanding shares of Preferred Stock. 

5.15 Amendment and Restatement of Prior Agreement. The Prior Agreement is hereby amended in its entirety and restated herein. Such
amendment and restatement is effective upon the execution of this Agreement by the Company, the holders of at least a majority of the outstanding Registrable Securities, and the Investors holding at least 66 2/3% of the outstanding shares of
Preferred Stock. Upon such execution, all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety and shall have no further force or effect, including, without limitation,
all rights of first refusal and any notice period associated therewith otherwise applicable to the transactions contemplated by the Purchase Agreement. 

5.16 Massachusetts Business Trust. A copy of the Agreement and Declaration of Trust of Fidelity Mt. Vernon Street Trust: Fidelity Growth
Company Fund, Fidelity Securities Fund: Fidelity OTC Portfolio, Fidelity Puritan Trust: Fidelity Puritan Fund, and Fidelity Magellan Fund: Fidelity Magellan Fund, each of which is an Investor, is on file with the Secretary of State of the
Commonwealth of Massachusetts and notice is hereby given that this Agreement is executed on behalf of the trustees of each such Investor as trustees and not individually and that the obligations of this Agreement are not binding on any of the
trustees, officers or stockholders of any such Investor or any affiliate thereof individually but are binding only upon each such Investor and its assets and property. 

[THIS SPACE INTENTIONALLY LEFT BLANK] 

  
 26. 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

COMPANY: 
 ROKU, INC.

  

			
	Signature:	 	 /s/ Anthony Wood

	Name:	 	Anthony Wood
	Title:	 	President and Chief Executive Officer

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

 

	
	INVESTORS:
	
	 /s/ Anthony Wood

	ANTHONY WOOD

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

 

			
	INVESTORS:
	
	VIACOM INTERNATIONAL INC.
		
	Signature:	 	 /s/ Alexander J. Berkett

	Name:	 	Alexander J. Berkett
	Title:	 	SVP, Corporate Development

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

 

					
	INVESTORS:
	
	FIDELITY MAGELLAN FUND: FIDELITY MAGELLAN FUND
		
	By:	 	 /s/ Stacie M. Smith

		 	Name:	 	Stacie M Smith
		 	Title:	 	Authorized Signatory
	
	FIDELITY SECURITIES FUND: FIDELITY OTC PORTFOLIO
		
	By:	 	 /s/ Stacie M. Smith

		 	Name:	 	Stacie M. Smith
		 	Title:	 	Authorized Signatory
	
	FIDELITY GROWTH COMPANY COMMINGLED POOL
		
	By:	 	 /s/ Stacie M. Smith

		 	Name:	 	Stacie M. Smith
		 	Title:	 	Authorized Signatory
	
	FIDELITY MT. VERNON STREET TRUST: FIDELITY GROWTH COMPANY FUND
		
	By:	 	 /s/ Stacie M. Smith

		 	Name:	 	Stacie M. Smith
		 	Title:	 	Authorized Signatory

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

 

					
	INVESTORS:
	
	FIDELITY MT. VERNON STREET TRUST: FIDELITY SERIES GROWTH COMPANY
FUND
		
	By:	 	 /s/ Stacie M. Smith

		 	Name:	 	Stacie M. Smith
		 	Title:	 	Authorized Signatory
	
	FIDELITY PURITAN TRUST: FIDELITY PURITAN FUND
		
	By:	 	 /s/ Stacie M. Smith

		 	Name:	 	Stacie M. Smith
		 	Title:	 	Authorized Signatory
	
	FIDELITY OTC COMMINGLED POOL
		
	By:	 	 /s/ Stacie M. Smith

		 	Name:	 	Stacie M. Smith
		 	Title:	 	Authorized Signatory

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

 

			
	INVESTORS:
	
	GLOBESPAN CAPITAL PARTNERS V, L.P.
	
	By: Globespan Management Associates V, L.P., its General Partner
	
	By: Globespan Management Associates V, LLC, its General Partner
		
	By:	 	 /s/ David Poltack

	Name:	 	David Poltack
	Title:	 	Authorized Signatory
	
	GLOBESPAN CAPITAL PARTNERS OPPORTUNITY FUND VI, L.P.
	
	By: Globespan Opportunity Associates VI, L.P., its General Partner
	
	By: Globespan Opportunity Associates VI, LLC, its General Partner
		
	By:	 	 /s/ David Poltack

	Name:	 	David Poltack
	Title:	 	Authorized Signatory

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

 

			
	INVESTORS:
	
	TWENTY-FIRST CENTURY FOX, INC.
		
	Signature:	 	/s/ Jeffrey
Palker                                       
          
	Name:	 	Jeffrey Palker
	Title:	 	Senior Vice President, Deputy General Counsel

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

 

			
	INVESTORS:
	
	SKY VENTURES LIMITED
		
	Signature:	 	 /s/ Christopher Taylor

	Name:	 	Christopher Taylor
	Title:	 	Company Secretary

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

 

			
	INVESTORS:
	
	MENLO VENTURES X, L.P.
	MENLO ENTREPRENEURS FUND X, L.P.
	MMEF X, L.P.
		
	By:	 	MV MANAGEMENT X, L.L.C.
	Their General Partner
		
	By:	 	/s/ Shawn Carolan
		 	Managing Member

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 IN WITNESS WHEREOF, the parties hereto have
executed this AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 

 

			
	INVESTORS:
	
	NORTH AMERICA SYNDICATE, INC.
		
	Signature:	 	 /s/ George T. Kliavkoff

	Name:	 	George T. Kliavkoff
	Title:	 	President

  

					
		 	                                    
                                        
Address:	  	 North America Syndicate, Inc.
 300 West 57th Street
 New York, New York 10019

Attention: Kenneth Bronfin
 Phone: (212) 649-2211

Fax: (646) 280-2211

			
		 		  	 With a copy to:
 North America Syndicate,
Inc.
 300 West 57th Street

New York, New York 10019
 Attention: Office of General
Counsel

  
 ROKU,
INC. 
 SERIES H PREFERRED AMENDED AND
RESTATED INVESTOR RIGHTS AGREEMENT SIGNATURE PAGE 

 EXHIBIT A 

SCHEDULE OF INVESTORS 
 Viacom
International Inc. 
 1515 Broadway 
 New York, NY 10036 

Attn: SVP, Corporate Development, 53rd Floor 

With a copy to: legalnotices@viacom.com 
 Globespan Capital
Partners V, L.P. 
 c/o Globespan Capital Partners 
 One Boston
Place, Suite 2810 
 Boston, MA 02108 
 Globespan Capital
Partners Opportunity Fund VI, L.P. 
 c/o Globespan Capital Partners 

One Boston Place, Suite 2810 
 Boston, MA 02108 

Mag & Co fbo Fidelity OTC Commingled Pool 
 Brown
Brothers Harriman &Co 
 Attn: Trade Settlements New York- Bill Pinamonti 

140 Broadway 
 New York, NY 10005-1101 

Fidelity OTC Commingled Pool 
 Reference Internal Account #
8046369 
 Booth & Co fbo Fidelity Securities Fund: Fidelity OTC Portfolio 

The Northern Trust Company 
 Attn: Trade Securities Processing,
C-1N 
 801 South Canal Street 
 Chicago, IL 60607 

Fidelity Securities Fund: Fidelity OTC Portfolio 
 Reference
Account # 26-68304 
 Mag & Co fbo Fidelity Growth Company Commingled Pool 

Brown Brothers Harriman &Co 
 Attn: Trade Settlements New
York- Bill Pinamonti 
 140 Broadway 
 New York, NY 10005-1101

 Fidelity Group Trust for Employee Benefit Plans: Fidelity Growth Company Commingled Pool 

Reference Internal Account # 8180812 
 Powhattan & Co fbo
Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund 
 The Depository Trust Company 

570 Washington Blvd - 5th floor 
 Jersey City, NJ 07310 

Attn: BNY Mellon/Branch Deposit Department 
 BNY DTC 901 a/c
522065 

 WAVELENGTH + CO fbo Fidelity Mt. Vernon Street Trust: Fidelity Series Growth Company Fund 

Newport Office Center 
 570 Washington Blvd 

Jersey City, NJ 07310 
 5th floor / NY Window / Robert Mendez 

FBO: State Street Bank & Trust for account 24JZ 
 Menlo
Ventures X, L.P. 
 3000 Sand Hill Road 
 Building 4, Suite 100

 Menlo Park, CA 94025 
 Attention: Doug Carlisle 

Menlo Entrepreneurs Fund X, L.P. 
 3000 Sand Hill Road 

Building 4, Suite 100 
 Menlo Park, CA 94025 

Attention: Doug Carlisle 
 MMEF X, L.P. 

3000 Sand Hill Road 
 Building 4, Suite 100 

Menlo Park, CA 94025 
 Attention: Doug Carlisle 

North America Syndicate, Inc. 
 300 West 57th Street 

New York, New York 10019 
 Attention: Kenneth Bronfin 

Phone: (212) 649-2211 
 Fax: (646) 280-2211 

With a copy to: 
 North America
Syndicate, Inc. 
 300 West 57th Street 

New York, New York 10019 

Attention: Office of General Counsel 

Twenty-First Century Fox, Inc. 
 SVP & Deputy General
Counsel 
 1211 Avenue of the Americas 
 New York, NY 10036 

Fax (212) 852-7214 
 Sky Ventures Limited 

Attn: General Counsel 
 Grant Way, Isleworth 

Middlesex, TW7 5QD 
 Fax: +44 20 7900 7120

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