Document:

Exhibit 10.3

 

 

SUPPORT AGREEMENT

 

This Support Agreement
(this “Agreement”) is made as of February 4, 2021, by and among (i) VG Acquisition Corp., a Cayman Islands
corporation (“VGAC”), (ii) VG Acquisition Sponsor LLC, a Cayman Islands corporation (“Sponsor”),
(iii) 23andMe, Inc., a Delaware corporation (the “Company”), and (iv) the undersigned Company stockholders,
each of whom is as of the date of this Agreement either a director or officer of the Company, or a five percent (5%) or greater
stockholder of the Company, and who together hold less than 100% of the outstanding voting capital stock of the Company (the “Company
Stockholders” and, together with Sponsor, the “Voting Parties” and each a “Voting Party”).

 

WHEREAS, contemporaneously
with the execution and delivery of this Agreement, VGAC and the Company, and the other persons party thereto, have entered into
an Agreement and Plan of Merger (as amended or modified from time to time, the “Transaction Agreement”), whereby
the parties intend to effect a business combination between VGAC and the Company, on the terms and subject to the conditions set
forth therein (collectively, the “Transactions”).

 

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

 

1.     Definitions.
As used herein, the term “Voting Shares” shall mean, taken together, (i) all securities of VGAC beneficially
owned (as such term is defined in Rule 13d-3 under the Exchange Act, excluding shares of stock underlying unexercised options or
warrants, but including any shares of stock acquired upon exercise of such options or warrants) (“Beneficially Owned”)
by any Voting Party, including any and all securities of VGAC acquired and held in such capacity subsequent to the date hereof
(“VGAC Voting Shares”) and (ii) all securities of the Company Beneficially Owned by any Voting Party, including
any and all securities of the Company acquired and held in such capacity subsequent to the date hereof (the “Company Voting
Interests”). Capitalized terms used and not defined herein shall have the respective meanings assigned to them in the
Transaction Agreement.

 

2.     Representations
and Warranties of the Voting Parties. Each Voting Party on its own behalf hereby represents and warrants to the other parties
hereto, severally and not jointly, with respect to such Voting Party (and not as to any other Person) and such Voting Party’s
ownership of its Voting Shares set forth on Annex A as follows:

 

a. Authority.
If Voting Party is a legal entity, Voting Party is an entity duly organized, validly existing and in good standing (where applicable)
under the laws of the jurisdiction in which it is incorporationed, organized or constituted, and has all requisite power and authority
to enter into this Agreement, to perform fully Voting Party’s obligations hereunder and to consummate the transactions contemplated
hereby. If Voting Party is a natural person, Voting Party has the legal capacity to enter into this Agreement. If Voting Party
is a legal entity, this Agreement has been duly authorized, executed and delivered by Voting Party. This Agreement constitutes
a valid and binding obligation of Voting Party enforceable in accordance with its terms, except as enforcement may be limited by
applicable bankruptcy, insolvency,

 

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reorganization,
moratorium or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether
considered in a proceeding in equity or at law).

 

b. No Consent.
No consent, approval or authorization of, or designation, declaration or filing with, any Governmental Authority or other Person
on the part of Voting Party is required in connection with the execution, delivery and performance of this Agreement. If Voting
Party is a natural person, no consent of such Voting Party’s spouse is necessary under any “community property”
or other laws for the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby. If
Voting Party is a trust, no consent of any beneficiary is required for the execution and delivery of this Agreement or the consummation
of the transactions contemplated hereby.

 

c. No Conflicts.
Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance
with the terms hereof, will violate, conflict with or result in a breach of, or constitute a default (with or without notice or
lapse of time or both) under any provision of, Voting Party’s organizational documents, any trust agreement, loan or credit
agreement, note, bond, mortgage, indenture, lease or other agreement, instrument, permit, concession, franchise, license, judgment,
order, notice, decree, statute, law, ordinance, rule or regulation applicable to Voting Party or to Voting Party’s property
or assets (including the Voting Shares) that would reasonably be expected to prevent or delay the consummation of the Transactions
or that would reasonably be expected to prevent Voting Party from fulfilling its obligations under this Agreement.

 

d. Ownership of Shares.
Voting Party (i) Beneficially Owns its Voting Shares free and clear of all Liens and (ii) has the sole power to vote or caused
to be voted its Voting Shares and the sole power of dispositon and sole power to agree to all of the matters set forth in this
Agreement, in each case, with respect to all of its Voting Shares. Except pursuant hereto and pursuant to (A), with respect to
VGAC and Sponsor, (1) the VGAC Governing Document and (2) that certain letter agreement, dated as of October 1, 2020, by and between
VGAC, Sponsor and each of the Insiders (as defined therein); and (B), with respect to the Company and the Company Stockholders,
(1) that certain Eighth Amended and Restated Investors’ Rights Agreement, dated as of December 9, 2020 (the “Investor
Rights Agreement”), by and among the Company, certain Company Stockholders and the other stockholders of the Company
party thereto; (2) that certain Eighth Amended and Restated Voting Agreement, dated as of December 9, 2020 (the “Voting
Agreement”), by and among the Company, certain Company Stockholders and the other stockholders of the Company party thereto;
(3) that certain Seventh Amended and Restated Right of First Refusal and Co-Sale Agreement, dated as of December 9, 2020 (the “ROFR
Agreement” and, together with the Investor Rights Agreement, the Voting Agreement, and any other similar agreements or
side letters between the Company and Voting Parties relating to management rights, board observer rights or similar arrangements,
the “Company Affiliate Agreements”), by and among the Company, certain Company Stockholders and the other stockholders
of the Company party thereto; (4) the Amended and Restated Certificate of Incorporation of the Company (the “Company Charter”);
and (5) the Amended and Restated Bylaws of the Company, there are no options, warrants or other rights, agreements, arrangements
or commitments of any character to which Voting Party is a party relating to the pledge, acquisition, disposition, transfer or
voting of Voting Shares prior to the consummation of the Transactions and there are no voting trusts or

 

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voting
agreements with respect to the Voting Shares. Voting Party does not Beneficially Own (i) any Voting Shares other than the Voting
Shares set forth on Annex A or (ii) any options, warrants or other rights to acquire any additional Company Voting Interests
or shares of common stock of VGAC (“VGAC Common Stock”) or any security exercisable for or convertible into
Company Voting Interests or shares of VGAC Common Stock, other than as set forth on Annex A.

 

e. No Litigation.
There is no Action pending against, or, to the knowledge of Voting Party, threatened against, Voting Party that would reasonably
be expected, individually or in the aggregate, to materially impair or materially adversely affect the ability of Voting Party
to perform Voting Party’s obligations hereunder or to consummate the transactions contemplated by this Agreement. None of
Voting Party or any of its Affiliates is subject to any Governmental Order that would reasonably be expected, individually or in
the aggregate, to materially impair or materially adversely affect the ability of Voting Party to perform Voting Party’s
obligations hereunder or to consummate the transactions contemplated by this Agreement.

 

3. Agreement to
Vote Shares; Irrevocable Proxy; Further Assurances.

 

a. Each Voting Party
shall during the term of this Agreement vote or cause to be voted the VGAC Voting Shares that he, she or it Beneficially Owns,
at every meeting of the stockholders of VGAC at which such matters are considered and at every adjournment or postponement thereof:
(i) in favor of (A) the approval of the Transactions and the Transaction Agreement and the other transactions contemplated thereby,
(B) any proposal to adjourn or postpone such meeting of the stockholders of VGAC to a later date if there are not sufficient votes
to approve the Transactions, and (C) an amendment of VGAC’s governing documents to extend the outside date for consummating
the Transactions, if applicable; (ii) against any action, proposal, transaction or agreement that could reasonably be expected
to result in a breach of any covenant, representation or warranty or any other obligation or agreement of VGAC or Merger Sub under
the Transaction Agreement; and (iii) against (A) any proposal or offer from any Person (other than the Company or any of its Affiliates)
concerning (1) a merger, consolidation, liquidation, recapitalization, share exchange or other business combination transaction
involving VGAC, or (2) the issuance or acquisition of shares of capital stock or other equity securities of VGAC (other than as
contemplated by the Transaction Agreement); and (B) any action, proposal, transaction or agreement that could reasonably be expected
to impede, interfere with, delay, discourage, adversely affect or inhibit the timely consummation of the Transactions or the fulfillment
of VGAC’s conditions under the Transaction Agreement or change in any manner the voting rights of any class of shares of
VGAC (including any amendments to VGAC’s certificate of incorporation or bylaws other than in connection with the Transactions).

 

b. Each Voting Party
shall during the term of this Agreement (x) vote or cause to be voted the Company Voting Interests he, she or it Beneficially Owns,
at every meeting (or in connection with any request for action by written consent) of the stockholders of the Company at which
such matters are considered and at every adjournment or postponement thereof, and (y) execute a written consent or consents if
the stockholders of the Company are requested to vote their voting interests through the execution of an action by written consent,
in each case to the extent such Company Voting Interests are entitled to vote thereon pursuant to the Company Charter Documents:
(i) in favor of (A) the Transaction Agreement and the other transactions contemplated thereby; (B) any proposal to adjourn or postpone
such meeting of the Company to a later date if there are not sufficient votes to approve the Transactions; (C) the conversion of
the Company’s outstanding shares of preferred stock into common stock immediately prior to, and contingent upon, the consummation
of the Transactions; and (D) the termination of the Company Affiliate Agreements, immediately prior to, and contingent upon, the
consummation of the Transactions; and (ii) against (A) any proposal or offer from any Person (other than VGAC or any of its Affiliates)
concerning (1) a merger, consolidation, liquidation, recapitalization, share exchange or other business combination transaction
involving the Company or any Company Subsidiary, (2) the issuance or acquisition of shares of capital stock or other equity securities
of the Company or any Company Subsidiary, or (3) the sale, lease, exchange or other disposition of any significant portion of the
Company or any Company Subsidiary’s properties or assets; (B) any action, proposal, transaction or agreement which could
reasonably be expected to result in a breach of any covenant, representation or warranty or any other obligation or agreement of
the Company or any Company Subsidiary under the Transaction Agreement; and (C) any action, proposal, transaction or agreement that
could reasonably be expected to impede, interfere with, delay, discourage, adversely affect or inhibit the timely consummation
of the Transactions or the fulfillment of the Company or any Company Subsidiary’s conditions under the Transaction Agreement
or change in any manner the voting rights of any class of shares of the Company (including any amendments to the Company Charter
Documents), except as contemplated by this Agreement.

 

c. (1) Each of the undersigned
holding Company Voting Interests (each, a “Company Holder”) hereby appoints Anne Wojcicki and Steve Schoch and
any designee of Ms. Wojcicki and Mr. Schoch, and each of them individually, and (2) each holder of VGAC Common Stock (each, a “VGAC
Holder”) hereby appoints Josh Bayliss and Evan Lovell and any designee of Josh Bayliss and Evan Lovell, and each of them
individually, as its proxies and attorneys-in-fact, with full power of substitution and resubstitution, to vote or act by written
consent during the term of this Agreement with respect to the Voting Shares in accordance with Sections 3(a) and 3(b). This proxy
and power of attorney is given to secure the performance of the duties of Voting Party under this Agreement. Each Voting Party
shall take such further action or execute such other instruments as may be necessary to effectuate the intent of this proxy. This
proxy and power of attorney granted by Voting Party shall be irrevocable during the term of this Agreement, shall be deemed to
be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted
by Voting Party with respect to the Voting Shares. The power of attorney granted by Voting Party herein is a durable power of attorney
and shall survive the dissolution, bankruptcy, death or incapacity of Voting Party. The proxy and power of attorney granted hereunder
shall terminate upon the termination of this Agreement.

 

d. From time to time,
at the request of the Company, each Company Holder shall take, and at the request of VGAC, each VGAC Holder shall take, all such
further actions, as may be necessary or appropriate to, in the most expeditious manner reasonably practicable, effect the purposes
of this Agreement, and execute customary documents incident to the consummation of the Transactions.

 

4.     No
Voting Trusts or Other Arrangement. Each Voting Party agrees that during the term of this Agreement Voting Party will not,
and will not permit any entity under Voting Party’s control

 

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to,
deposit any Voting Shares in a voting trust, grant any proxies with respect to the Voting Shares or subject any of the Voting
Shares to any arrangement with respect to the voting of the Voting Shares. Each Voting Party hereby revokes any and all previous
proxies and attorneys in fact with respect to the Voting Shares.

 

5.     Transfer
and Encumbrance. Each Voting Party agrees that during the term of this Agreement Voting Party will not, directly or indirectly,
transfer (including by operation of law), sell, offer, exchange, assign, pledge or otherwise dispose of or encumber (“Transfer”)
any of his, her or its Voting Shares or enter into any contract, option or other agreement with respect to, or consent to, a Transfer
of, any of his, her or its Voting Shares or Voting Party’s voting or economic interest therein. Any attempted Transfer of
Voting Shares or any interest therein in violation of this Section 5 shall be null and void. This Section 5 shall not prohibit
a Transfer of Voting Shares by any Voting Party to (a) an executive officer or director of VGAC, (b) a Person holding more than
5% of the voting equity securities of the Company or VGAC, (c) any investment fund or other entity controlled or managed by or
under common management or control with such Voting Party or affiliates of such Voting Party, (d) to another corporation, partnership,
limited liability company, trust or other business entity that is an affiliate (as defined in Rule 405 promulgated under the Securities
Act of 1933, as amended) of such Voting Party, or (e) if such Voting Party is a corporation, limited liability company, partnership,
trust or other entity, any stockholder, member, partner or trust beneficiary as part of a distribution; provided, however,
that a Transfer referred to in this sentence shall be permitted only if, as a precondition to such Transfer, the transferee agrees
in a writing, reasonably satisfactory in form and substance to VGAC and the Company, to be bound by all of the terms of this Agreement.

 

6.     Appraisal
and Dissenters’ Rights. Each Voting Party hereby (i) waives, and agrees not to assert or perfect, any rights of appraisal
or rights to dissent from the Transactions that Voting Party may have by virtue of ownership of the Company Voting Interests and
(ii) agrees not to commence or participate in any claim, derivative or otherwise, against the Company relating to the negotiation,
execution or delivery of this Agreement or the Transaction Agreement or the consummation of the Transactions, including any claim
(1) challenging the validity of, or seeking to enjoin the operation of, any provision of this Agreement or (2) alleging a breach
of any fiduciary duty of the Board of Directors of the Company in connection with this Agreement, the Transaction Agreement or
the Transactions.

 

7.    Redemption
and Registration Rights. Each VGAC Holder agrees not to exercise any right to redeem any VGAC Voting Shares Beneficially Owned
as of the date hereof or acquired and held in such capacity subsequent to the date hereof.

 

8.    Termination.
This Agreement shall automatically terminate upon the earliest to occur of (i) the Effective Time and (ii) the date on which the
Transaction Agreement is terminated in accordance with its terms. Upon termination of this Agreement, no party shall have any further
obligations or liabilities under this Agreement; provided, that nothing in this Section 8 shall relieve any party of liability
for any willful breach of this Agreement occurring prior to termination.

 

9.    No
Agreement as Director or Officer. Each Voting Party is signing this Agreement solely in its capacity as a stockholder of VGAC
or the Company, as applicable. No Voting Party makes

 

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any
agreement or understanding in this Agreement in such Voting Party’s capacity (or in the capacity of any Affiliate, partner
or employee of Voting Party) as a director or officer of VGAC, the Company or any of their respective subsidiaries (if Voting
Party holds such office). Nothing in this Agreement will limit or affect any actions or omissions taken by a Voting Party in his,
her or its capacity as a director or officer of VGAC or the Company, and no actions or omissions taken in any Voting Party’s
capacity as a director or officer shall be deemed a breach of this Agreement. Nothing in this Agreement will be construed to prohibit,
limit or restrict a Voting Party from exercising his or her fiduciary duties as an officer or director to VGAC, the Company or
their respective stockholders, as applicable.

 

10. Specific Enforcement.
Monetary damages would not adequately compensate an injured party for the breach of this Agreement by any party hereto and, accordingly,
this Agreement shall be specifically enforceable, in addition to any other remedy to which such injured party is entitled at law
or in equity, and any breach of this Agreement shall be the proper subject of a temporary or permanent injunction or restraining
order. Further, each party hereto waives any claim or defense that there is an adequate remedy at law for such breach or threatened
breach or an award of specific performance is not an appropriate remedy for any reason at law or equity and agrees that a party’s
rights would be materially and adversely affected if the obligations of the other parties under this Agreement were not carried
out in accordance with the terms and conditions hereof.

 

11. Entire Agreement.
This Agreement and the Transaction Agreement supersede all prior agreements, written or oral, among the parties hereto with respect
to the subject matter hereof and contain the entire agreement among the parties with respect to the subject matter hereof. Any
provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in
the case of an amendment, by each party to this Agreement, or, in the case of a waiver, by the party against whom the waiver is
to be effective. No waiver of any provisions hereof by either party shall be deemed a waiver of any other provisions hereof by
such party, nor shall any such waiver be deemed a continuing waiver of any provision hereof by such party.

 

12. Notices.
All notices, requests, claims, demands, and other communications hereunder shall be in writing and shall be deemed to have been
given (a) when delivered by hand (with written confirmation of receipt), (b) when received by the addressee if sent by a nationally
recognized overnight courier (receipt requested), (c) on the date sent by e-mail of a PDF document (with confirmation of transmission)
if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the
recipient, or (d) on the next Business Day after the date mailed, by certified or registered mail, return receipt requested, postage
prepaid. Such communications must be sent to the respective parties at the addresses set forth on Annex A (or at such other
address for a party as shall be specified in a notice given in accordance with this Section 12).

 

13. Miscellaneous.

 

a. Governing Law.
This Agreement, the rights and duties of the parties hereto, and any disputes (whether in contract, tort or statute) arising out
of, under or in connection with this Agreement will be governed by and construed and enforced in accordance with the laws of the

 

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State
of Delaware, without giving effect to its principles or rules of conflict of laws to the extent such principles or rules would
require or permit the application of the laws of another jurisdiction. The parties hereto irrevocably and unconditionally submit
to the exclusive jurisdiction of the United States District Court for the District of Delaware or, if such court does not have
jurisdiction, the Delaware state courts located in Wilmington, Delaware, in any action arising out of or relating to this Agreement.
The parties hereto irrevocably agree that all such claims shall be heard and determined in such a Delaware federal or state court,
and that such jurisdiction of such courts with respect thereto will be exclusive. Each party hereto hereby waives, and agrees
not to assert, as a defense in any action, suit or proceeding arising out of or relating to this Agreement that it is not subject
to such jurisdiction, or that such action, suit or proceeding may not be brought or is not maintainable in such courts or that
the venue thereof may not be appropriate or that this Agreement may not be enforced in or by such courts. The parties hereto hereby
consent to and grant any such court jurisdiction over the person of such parties and over the subject matter of any such dispute
and agree that mailing of process or other papers in connection with any such action, suit or proceeding in the manner provided
in Section 12 or in such other manner as may be permitted by law, will be valid and sufficient service thereof.

 

b. Waiver of Jury
Trial. To the extent not prohibited by applicable law that cannot be waived, each of the parties hereto irrevocably waives
any right it may have to trial by jury in respect of any litigation based on, arising out of, under or in connection with this
Agreement, including but not limited to any course of conduct, course of dealing, oral or written statement or action of any party
hereto.

 

c. Severability.
The invalidity of any portion hereof shall not affect the validity, force or effect of the remaining portions hereof. If it is
ever held that any restriction hereunder is too broad to permit enforcement of such restriction to its fullest extent, such restriction
shall be enforced to the maximum extent permitted by law.

 

d. Counterparts.
This Agreement may be executed in two or more counterparts for the convenience of the parties hereto, each of which shall be deemed
an original and all of which together will constitute one and the same instrument. Delivery of an executed counterpart of a signature
page to this Agreement by electronic, facsimile or portable document format shall be effective as delivery of a mutually executed
counterpart to this Agreement.

 

e. Titles and Headings.
The titles, captions and table of contents in this Agreement are for reference purposes only, and shall not in any way define,
limit, extend or describe the scope of this Agreement or otherwise affect the meaning or interpretation of this Agreement.

 

f. Assignment; Successors
and Assigns; No Third Party Rights. Except as otherwise provided herein, this Agreement may not, without the prior written
consent of the other parties hereto, be assigned by operation of law or otherwise, and any attempted assignment shall be null and
void. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
heirs, successors, permitted assigns and legal representatives, and nothing herein, express or implied, is intended to or shall
confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement.

 

g. Further Assurances.
Each party hereto shall execute and deliver such additional documents as may be necessary or desirable to effect the transactions
contemplated by this Agreement.

 

[Remainder of this page intentionally
left blank]

 

 

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

 

	 	PARENT:	 	 
	 	 	 	 
	 	VG ACQUISITION CORP.	 
	 	 	 	 
	 	Name:  	 	 
	 	By:  	 	 
	 	Title:  	 	 
	 	 	 	 
	 	SPONSOR:	 	 
	 	 	 	 
	 	VG ACQUISITION SPONSOR LLC	 
	 	 	 	 
	 	Name:  	 	 
	 	By:  	 	 
	 	Title:  	 	 

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

 

	 	COMPANY:	 
	 	 	 	 
	 	23ANDME, INC.	 
	 	 	 	 
	 	Name:  	 	 
	 	By:  	 	 
	 	Title:  	 	 

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

 

	 	[INDIVIDUAL/ENTITY]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	[Signature]	 
	 	Name:	 	 
	 	 	[Print Name of Signatory]	 
	 	Title:	 	 
	 	 	[Print Title of Signatory]	 

     

     

    

  

Annex A

 

Voting Interests

 

Company and Company Stockholders

 

	Name	Address	Voting Interests

 

	 	 	 	 	 
	Company	 	 	 	 
	[_________]	 	 	 	 
	[_________]	 	 	 	 
	[_________]	 	 	 	 
	[_________]	 	 	 	 

VGAC and Sponsor

 

	Name	Address	Voting Interests
	 	 	[Class A 

common stock	Class B

common stock	Warrants (for Class A common stock)]
	VG Acquisition Corp. 	 	n/a	n/a	n/a
	VG Acquisition Sponsor LLC	 	 	 	 

 

 

    9Exhibit 10.4

 

 

 

 

 

 

 

AMENDED AND RESTATED REGISTRATION RIGHTS
AGREEMENT

 

by and among

 

23andMe Holding Co.,

 

and

 

THE STOCKHOLDERS THAT ARE SIGNATORIES HERETO

 

Dated as of February 4, 2021

 

 

 

 

 

 

 

     

     

    

 

 

Table
of Contents

 

Page

 

	Section 1.   Certain Definitions	1
	Section 2.   Registration Rights.	5
	2.1.   Demand Registrations.	5
	2.2.   Piggyback Registrations.	10
	2.3.   Allocation of Securities Included in Registration Statement.	11
	2.4.   Registration Procedures	13
	2.5.   Registration Expenses.	20
	2.6.   Certain Limitations on Registration Rights	20
	2.7.   Limitations on Sale or Distribution of Other Securities	20
	2.8.   No Required Sale	21
	2.9.   Indemnification.	21
	2.10.   No Inconsistent Agreements	25
	Section 3.   Underwritten Offerings.	25
	3.1.   Requested Underwritten Offerings	25
	3.2.   Piggyback Underwritten Offerings	26
	Section 4.   General.	26
	4.1.   Adjustments Affecting Registrable Securities	26
	4.2.   Rule 144	26
	4.3.   Nominees for Beneficial Owners	27
	4.4.   Amendments and Waivers	27
	4.5.   Notices	27
	4.6.   Successors and Assigns	28
	4.7.   Termination.	28
	4.8.   Entire Agreement	28
	4.9.   Governing Law; Jurisdiction; WAIVER OF JURY TRIAL.	28
	4.10.   Interpretation; Construction.	29
	4.11.   Counterparts	29
	4.12.   Severability	29
	4.13.   Specific Enforcement	29
	4.14.   Further Assurances	30
	4.15.   Confidentiality	30
	4.16.   Opt-Out Requests	30
	4.17.   Original Registration Rights Agreement	31

 

Exhibit A      Joinder Agreement

 

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AMENDED AND
RESTATED REGISTRATION RIGHTS AGREEMENT, dated as of February 4, 2021 (as amended, restated, supplemented or otherwise
modified from time to time, this “Agreement”), is made and entered into by and among (i) 23andMe
Holding Co., a Delaware corporation domesticated from VG Acquisition Corp., a Cayman Islands exempted company (the
“Company”), (ii) the stockholders of the Company party hereto (the “Stockholders”)
and (iii) any person or entity who hereafter becomes a party to this Agreement pursuant to Section 4.6 of this
Agreement (each, a “Holder” and collectively with the Stockholders, the “Holders”).

 

RECITALS:

 

WHEREAS, the
Company, VGAC Merger Sub, a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub”),
and 23andMe, Inc., a Delaware corporation (“23andMe”), have entered into an Agreement and Plan of Merger, dated
as of February 4, 2021 (as amended from time to time on or prior to the date hereof, the “Merger Agreement”),
pursuant to which Merger Sub has merged with and into 23andMe with 23andMe continuing as the surviving entity and a subsidiary
of the Company (the “Merger”);

 

WHEREAS, the
Company and VG Acquisition Sponsor LLC, a Cayman Island limited liability company and a Stockholder (the “Sponsor”)
are parties to that certain Registration and Shareholder Rights Agreement, dated as of October 1, 2020 (the “Original
Registration Rights Agreement”), which shall be amended and restated by this Agreement;

 

WHEREAS, following
the closing of the Merger (the “Closing”), the Sponsor and the other Stockholders owned shares of Class A Common
Stock, par value $0.0001 per share of the Company (the “Class A Common Stock”), Class A Common Stock Equivalents
(as defined herein), shares of Class B Common Stock, par value $0.0001 per share of the Company (the “Class B Common Stock”),
which are convertible on a share for share basis into shares of Class A Common Stock, and/or Class B Common Stock Equivalents (as
defined herein);

 

WHEREAS, each
of the Stockholders (other than the Sponsor, Corvina Holdings Limited and Anne Wojcicki Foundation)  beneficially owns at
least 5% of the Common Stock;  and

 

WHEREAS, in
connection with the Merger, the Company has agreed to provide the registration rights set forth in this Agreement.

 

NOW, THEREFORE,
in consideration of the premises and of the mutual covenants and obligations hereinafter set forth, the parties hereto hereby agree
as follows:

 

Section 1.Certain Definitions.
As used herein, the following terms shall have the following meanings:

 

“Additional
Piggyback Rights” has the meaning ascribed to such term in Section 2.3(a).

 

“Affiliate”
means, with respect to any Person, any other Person that directly or indirectly controls, is controlled by or is under common control
with, such Person. For the purposes of this definition “control” (including, with correlative meanings, the terms “controlling”,
“controlled by” and “under common control with”), with respect to any Person, means the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of such

 

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specified
Person, whether through the ownership of voting securities, by contract or otherwise. For the avoidance of doubt, neither the
Company nor any Person controlled by the Company shall be deemed to be an Affiliate of any Holder.

 

“Agreement”
has the meaning ascribed to such term in the Preamble.

 

“Automatic
shelf registration statement” has the meaning ascribed to such term in Section 2.4.

 

“Board”
means the Board of Directors of the Company.

 

“Business
Day” means a day, other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized
or required by law to close.

 

“Claims”
has the meaning ascribed to such term in Section 2.9(a).

 

“Class A Common
Stock” has the meaning ascribed to such term in the recitals.

 

“Class A Common
Stock Equivalents” means all shares of Class B Common Stock, all Class B Common Stock Equivalents, and all options, warrants
and other securities convertible into, or exchangeable or exercisable for (at any time or upon the occurrence of any event or contingency
and without regard to any vesting or other conditions to which such securities may be subject), shares of Class A Common Stock
(including any note or debt security convertible into or exchangeable for shares of Class A Common Stock).

 

“Class B Common
Stock” has the meaning ascribed to such term in the recitals.

 

“Class B Common
Stock Equivalents” means all options, warrants and other securities convertible into, or exchangeable or exercisable
for (at any time or upon the occurrence of any event or contingency and without regard to any vesting or other conditions to which
such securities may be subject), shares of Class B Common Stock (including any note or debt security convertible into or exchangeable
for shares of Class B Common Stock).

 

“Common Stock”
means all shares existing or hereafter authorized of the Class A Common Stock and Class B Common Stock, and any class of common
stock of the Company and any and all securities of any kind whatsoever which may be issued after the date hereof in respect of,
or in exchange for, such shares of common stock of the Company pursuant to a merger, consolidation, stock split, stock dividend
or recapitalization of the Company or otherwise.

 

“Company”
has the meaning ascribed to such term in the Preamble.

 

“Confidential
Information” has the meaning ascribed to such term in Section 4.15.

 

“Demand Exercise
Notice” has the meaning ascribed to such term in Section 2.1(b)(i).

 

“Demand Registration”
has the meaning ascribed to such term in Section 2.1(b)(i).

 

“Demand Registration
Period” has the meaning ascribed to such term in Section 2.1(b)(i).

 

    2 

     

    

“Demand Registration
Request” has the meaning ascribed to such term in Section 2.1(b)(i).

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC issued under such
Act, as they may from time to time be in effect.

 

“Expenses”
means any and all fees and expenses incident to the Company’s performance of or compliance with Section 2, including:
(i) SEC, stock exchange, FINRA and all other registration and filing fees and all listing fees and fees with respect to the
inclusion of securities on the Nasdaq or on any other U.S. or non-U.S. securities market on which the Registrable Securities are
listed or quoted, (ii) fees and expenses of compliance with state securities or “blue sky” laws of any state or
jurisdiction of the United States or compliance with the securities laws of foreign jurisdictions and in connection with the preparation
of a “blue sky” survey, including reasonable fees and expenses of outside “blue sky” counsel and securities
counsel in foreign jurisdictions, (iii) word processing, printing and copying expenses, (iv) messenger and delivery expenses,
(v) expenses incurred in connection with any road show, (vi) fees and disbursements of counsel for the Company, (vii) with
respect to each registration or underwritten offering, the reasonable fees and disbursements of one counsel for the Initiating
Holder and one counsel for all other Participating Holder(s) collectively (selected by the holders of a majority of the Registrable
Securities held by such other Participating Holder(s)), together in each case with any local counsel, provided that expenses
payable by the Company pursuant to this clause (vii) shall not exceed (1) $150,000 for the first registration pursuant to
this Agreement and (2) $100,000 for each subsequent registration, (viii) fees and disbursements of all independent public
accountants (including the expenses of any opinion and/or audit/review and/or “comfort” letter and updates thereof)
and fees and expenses of other Persons, including special experts, retained by the Company, (ix) fees and expenses payable to a
Qualified Independent Underwriter (but expressly excluding any underwriting discounts and commissions), (x) fees and expenses
of any transfer agent or custodian, (xi) any other fees and disbursements of underwriters, if any, customarily paid by issuers
or sellers of securities, including reasonable fees and expenses of counsel for the underwriters in connection with any filing
with or review by FINRA (but expressly excluding any underwriting discounts and commissions) and (xii) rating agency fees and expenses.

 

“FINRA”
means the Financial Industry Regulatory Authority, Inc.

 

“Initiating
Holders” has the meaning ascribed to such term in Section 2.1(b)(i).

 

“Joinder Agreement”
means a writing in the form set forth in Exhibit A hereto whereby a new Holder of Registrable Securities becomes a party
to, and agrees to be bound, to the same extent as its transferor, as applicable, by the terms of this Agreement.

 

“Majority
Participating Holders” means Participating Holders holding more than 50% of the Registrable Securities proposed to be
included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

 

“Manager”
means the lead managing underwriter of an underwritten offering.

 

“Merger Agreement”
has the meaning ascribed to such term in the Recitals.

 

“Merger Sub”
has the meaning ascribed to such term in the Recitals.

 

    3 

     

    

“Minimum Threshold”
means $50.0 million.

 

“Opt-Out Request”
has the meaning ascribed to such term in Section 4.16.

 

“Participating
Holders” means all Holders of Registrable Securities which are proposed to be included in any offering of Registrable
Securities pursuant to Section 2.1 or Section 2.2.

 

“Person”
means any individual, firm, corporation, company, limited liability company, partnership, trust, joint stock company, business
trust, incorporated or unincorporated association, joint venture, governmental authority or other legal entity of any nature whatsoever.

 

“Piggyback
Notice” has the meaning ascribed to such term in Section 2.2(a).

 

“Piggyback
Shares” has the meaning ascribed to such term in Section 2.3(a)(ii).

 

“Postponement
Period” has the meaning ascribed to such term in Section 2.1(c).

 

“Qualified
Independent Underwriter” means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.

 

“Registrable
Securities” means (a) any shares of Class A Common Stock held by the Holders at any time (including those held as
a result of, or issuable upon, the conversion or exercise of Class A Common Stock Equivalents) or any other equity security other
than Class B Common Stock or Class B Common Stock Equivalents (including warrants to purchase shares of Class A Common Stock),
whether now owned or acquired by the Holders at a later time, (b) any shares of Class A Common Stock or any other equity security
other than Class B Common Stock or Class B Common Stock Equivalents (including warrants to purchase shares of Class A Common Stock)
issued or issuable, directly or indirectly, in exchange for or with respect to the Common Stock or any other equity security (including
warrants to purchase shares of Class A Common Stock) referenced in clause (a) above by way of stock dividend, stock split or combination
of shares or in connection with a reclassification, recapitalization, merger, share exchange, consolidation or other reorganization
and (c) any securities other than Class B Common Stock or Class B Common Stock Equivalents issued in replacement of or exchange
for any securities described in clause (a) or (b) above. Class B Common Stock and Class B Common Stock Equivalents shall not
constitute Registrable Securities hereunder. For purposes of this Agreement, a Person will be deemed to be a holder of Registrable
Securities whenever such Person has the right to acquire, directly or indirectly, such Registrable Securities (including upon conversion,
exercise or exchange of any equity interests but disregarding any restrictions or limitations upon the exercise of such right),
whether or not such acquisition has actually been effected, and such Person shall not be required to convert, exercise or exchange
such equity interests (or otherwise acquire such Registrable Securities) to participate in any registered offering hereunder until
the closing of such offering. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities
when (A) a registration statement with respect to the sale of such securities shall have been declared effective under the
Securities Act and such securities shall have been disposed of in accordance with such registration statement, (B) such securities
shall have been disposed of in compliance with the requirements of Rule 144, (C) such securities have been sold in a
public offering of securities or (D) such securities have ceased to be outstanding.

 

    4 

     

    

“Rule 144”
have the meaning ascribed to such term in Section 4.2.

 

“SEC”
means the U.S. Securities and Exchange Commission or such other federal agency which at such time administers the Securities Act.

 

“Section 2.3(a)
Sale Number” has the meaning ascribed to such term in Section 2.3(a).

 

“Section 2.3(b)
Sale Number” has the meaning ascribed to such term in Section 2.3(b).

 

“Section 2.3(c)
Sale Number” has the meaning ascribed to such term in Section 2.3(c).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC issued under such Act, as
they may from time to time be in effect.

 

“Shelf Registrable
Securities” has the meaning ascribed to such term in Section 2.1(a)(ii).

 

“Shelf Registration
Statement” has the meaning ascribed to such term in Section 2.1(a)(i).

 

“Shelf Underwriting”
has the meaning ascribed to such term in Section 2.1(a)(ii).

 

“Shelf Underwriting
Initiating Holders” has the meaning ascribed to such term in Section 2.1(a)(ii).

 

“Shelf Underwriting
Notice” has the meaning ascribed to such term in Section 2.1(a)(ii).

 

“Shelf Underwriting
Request” has the meaning ascribed to such term in Section 2.1(a)(ii).

 

“Subsidiary”
means any direct or indirect subsidiary of the Company on the date hereof and any direct or indirect subsidiary of the Company
organized or acquired after the date hereof.

 

“Underwritten
Block Trade” has the meaning ascribed to such term in Section 2.1(a)(ii).

 

“Valid Business
Reason” has the meaning ascribed to such term in Section 2.1(c).

 

“WKSI”
means a “well-known seasoned issuer” (as defined in Rule 405 of the Securities Act).

 

Section 2.Registration Rights.

 

2.1.       Demand
Registrations.

 

(a)       (1)
As soon as practicable but no later than thirty (30) calendar days following the closing of the Merger (the “Filing Date”),
the Company shall prepare and file with the SEC a shelf registration statement under Rule 415 of the Securities Act (such
registration statement, a “Shelf Registration Statement”) covering the resale of all the Registrable Securities
(determined as of two business days prior to such filing) on a delayed or continuous basis and shall use its commercially reasonable
efforts to have such Shelf declared effective as soon as practicable after the filing thereof and no later than the earlier of
(x) the ninetieth (90th) calendar day following the Filing Date if the Commission notifies the Company that it will “review”
the Shelf Registration

 

    5 

     

    

Statement
and (y) the tenth (10th) business day after the date the Company is notified in writing by the SEC that such Shelf Registration
Statement will not be “reviewed” or will not be subject to further review. Such Shelf Registration Statement shall
provide for the resale of the Registrable Securities included therein pursuant to any method or combination of methods legally
available to, and requested by, any Holder named therein. The Company shall maintain the Shelf Registration Statement in accordance
with the terms hereof, and shall prepare and file with the SEC such amendments, including post-effective amendments, and supplements
as may be necessary to keep a Shelf Registration Statement continuously effective, available for use to permit all Holders named
therein to sell their Registrable Securities included therein and in compliance with the provisions of the Securities Act until
such time as there are no longer any Registrable Securities. In the event the Company files a Shelf Registration Statement on
Form S-1, the Company shall use its commercially reasonable efforts to convert such Shelf Registration Statement to a Shelf Registration
Statement on Form S-3 as soon as practicable after the Company is eligible to use Form S-3.

 

(ii)       Subject
to Section 2.1(c) and the provisions below with respect to the Minimum Threshold, following the expiration of any applicable
lock-up agreement, each Holder (or Holders) shall have the right at any time and from time to time to elect to sell all or any
part of its Registrable Securities pursuant to an underwritten offering pursuant to the Shelf Registration Statement by delivering
a written request therefor to the Company specifying the number of Registrable Securities to be included in such registration and
the intended method of distribution thereof. The Holder or Holders shall make such election by delivering to the Company a written
request (a “Shelf Underwriting Request”) for such underwritten offering specifying the number of Registrable
Securities that the Holder or Holders desire to sell pursuant to such underwritten offering (the “Shelf Underwriting”).
With respect to any Shelf Underwriting Request, the Holder or Holders making such demand shall be referred to as the “Shelf
Underwriting Initiating Holders”. As promptly as practicable, but no later than two (2) Business Days after receipt of
a Shelf Underwriting Request, the Company shall give written notice (the “Shelf Underwriting Notice”) of such
Shelf Underwriting Request to the Holders of record of other Registrable Securities registered on such Shelf Registration Statement
(“Shelf Registrable Securities”). The Company, subject to Sections 2.3 and 2.6, shall include
in such Shelf Underwriting (x) the Registrable Securities of the Shelf Underwriting Initiating Holders and (y) the Shelf
Registrable Securities of any other Holder of Shelf Registrable Securities which shall have made a written request to the Company
for inclusion in such Shelf Underwriting (which request shall specify the maximum number of Shelf Registrable Securities intended
to be disposed of by such Holder) within five (5) days after the receipt of the Shelf Underwriting Notice. The Company shall, as
expeditiously as possible (and in any event within fifteen (15) Business Days after the receipt of a Shelf Underwriting Request),
but subject to Section 2.1(b), use its reasonable best efforts to effect such Shelf Underwriting. The Company shall,
at the request of any Shelf Underwriting Initiating Holder or any other Holder of Registrable Securities registered on such Shelf
Registration Statement, file any prospectus supplement or, if the applicable Shelf Registration Statement is an automatic shelf
registration statement, any post-effective amendments and otherwise take any action necessary to include therein all disclosure
and language deemed necessary or advisable by the Shelf Underwriting Initiating Holders or any other Holder of Shelf Registrable
Securities to effect such Shelf Underwriting. Notwithstanding anything to the contrary in this Section 2.1(a)(ii),
each Shelf Underwriting must include, in the aggregate, Registrable Securities having an aggregate market value of at least the
Minimum Threshold (based on the

 

    6 

     

    

Registrable
Securities included in such Shelf Underwriting by all Participating Holders). In connection with any Shelf Underwriting (including
an Underwritten Block Trade), the Shelf Underwriting Initiating Holders shall have the right to designate the Manager and each
other managing underwriter in connection with any such Shelf Underwriting or Underwritten Block Trade; provided that in
each case, each such underwriter is reasonably satisfactory to the Company, which approval shall not be unreasonably withheld
or delayed. Notwithstanding the foregoing, if a Shelf Underwriting Initiating Holder wishes to engage in an underwritten block
trade or similar transaction or other transaction with a 2-day or less marketing period (collectively, “Underwritten
Block Trade”) off of a Shelf Registration Statement, then notwithstanding the foregoing time periods, such Shelf Underwriting
Initiating Holder only needs to notify the Company of the Underwritten Block Trade two (2) Business Days prior to the day such
offering is to commence and the Holders of record of other Registrable Securities shall not be entitled to notice of such Underwritten
Block Trade and shall not be entitled to participate in such Underwritten Block Trade.

 

(b)       (2)
At any time first anniversary of the Closing Date that a Shelf Registration Statement as required by Section 2.1(a)
is not available for use by the Holders (a “Demand Registration Period”) other than pursuant to Section 2.1ii),
subject to this Section 2.1(b) and Sections 2.1(c) and 2.3) and the provisions below with respect
to the Minimum Threshold, at any time and from time to time during such Demand Registration Period, each Holder (or Holders) shall
have the right to require the Company to effect one or more registration statements under the Securities Act covering all or any
part of its Registrable Securities by delivering a written request therefor to the Company specifying the number of Registrable
Securities to be included in such registration and the intended method of distribution thereof. Any such request by any Holder
or Holders pursuant to this Section 2.1(b)(i) is referred to herein as a “Demand Registration Request,”
and the registration so requested is referred to herein as a “Demand Registration” (with respect to any Demand
Registration, the Investor(s) making such demand for registration being referred to as the “Initiating Holders”).
Subject to Section 2.1(c), the Holders shall be entitled to request (and the Company shall be required to effect) an
unlimited number of Demand Registrations. The Company shall give written notice (the “Demand Exercise Notice”)
of such Demand Registration Request to each of the Holders of record of Registrable Securities in accordance with Section 2.2,
and, subject to Sections 2.3 and 2.6, shall include in a Demand Registration (x) the Registrable Securities
of the Initiating Holders and (y) the Registrable Securities of any other Holder of Registrable Securities which shall have
made a written request to the Company for inclusion in such registration pursuant to Section 2.2. Notwithstanding anything
to the contrary in this Section 2.1(b)(i), each Demand Registration must include, in the aggregate, Registrable Securities
having an aggregate market value of at least the Minimum Threshold (based on the Registrable Securities included in such Demand
Registration by all Holders participating in such Demand Registration). In connection with any Demand Registration, the Initiating
Holder shall have the right to designate the Manager and each other managing underwriter in connection with any underwritten offering
pursuant to such registration; provided that in each case, each such underwriter is reasonably satisfactory to the
Company, which approval shall not be unreasonably withheld or delayed.

 

(ii)       The
Company shall, as expeditiously as possible, but subject to Section 2.1(c), use its reasonable best efforts to (x) file
or confidentially submit with the SEC (no later than (A) sixty (60) days from the Company’s receipt of the applicable
Demand Registration

 

    7 

     

    

Request
if the Demand Registration is on Form S-1 or similar long-form registration and or (B) thirty (30) days from the Company’s
receipt of the applicable Demand Registration Request if the Demand Registration is on Form S-3 or any similar short-form
registration), (y) cause to be declared effective as soon as reasonably practicable such registration statement under the
Securities Act that includes the Registrable Securities which the Company has been so requested to register for distribution in
accordance with the intended method of distribution, and (z) if requested by the Initiating Holders, obtain acceleration
of the effective date of the registration statement relating to such registration.

 

(c)       Notwithstanding
anything to the contrary in Section 2.1(a) or Section 2.1(b), the Shelf Underwriting and Demand Registration
rights granted in Section 2.1 (a) and Section 2.1(b) are subject to the following limitations: (i) the
Company shall not be required to cause a registration statement filed pursuant to Section 2.1(b) to be declared effective
within a period of ninety (90) days after the effective date of any other registration statement of the Company filed pursuant
to the Securities Act (other than a Form S-4, Form S-8 or a comparable form or an equivalent registration form then in
effect); (ii) the Company shall not be required to effect more than three (3) Demand Registrations on Form S-1 or any
similar long-form registration statement at the request of the Holders in the aggregate; (iii)  if the Board, in its good
faith judgment, determines that any registration of Registrable Securities or Shelf Underwriting should not be made or continued
because it would materially and adversely interfere with any existing or potential financing, acquisition, corporate reorganization,
merger, share exchange or other transaction or event involving the Company or any of its subsidiaries or would otherwise result
in the public disclosure of information that the Board in good faith has a bona fide business purpose for keeping confidential
(a “Valid Business Reason”), then (x) the Company may postpone filing or confidentially submitting a registration
statement relating to a Demand Registration Request or a prospectus supplement relating to a Shelf Underwriting Request until five
(5) Business Days after such Valid Business Reason no longer exists, but in no event for more than forty five (45) days after the
date the Board determines a Valid Business Reason exists or (y) if a registration statement has been filed or confidentially
submitted relating to a Demand Registration Request or a prospectus supplement has been filed relating to a Shelf Underwriting
Request, if the Valid Business Reason has not resulted in whole or in part from actions taken or omitted to be taken by the Company
(other than actions taken or omitted with the consent of the Initiating Holder (not to be unreasonably withheld or delayed)), the
Company may, to the extent determined in the good faith judgment of the Board to be reasonably necessary to avoid interference
with any of the transactions described above, suspend use of or, if required by the SEC, cause such registration statement to be
withdrawn and its effectiveness terminated or may postpone amending or supplementing such registration statement until five (5)
Business Days after such Valid Business Reason no longer exists, but in no event for more than forty five (45) days after the date
the Board determines a Valid Business Reason exists (such period of postponement or withdrawal under this clause (iv), the
“Postponement Period”). The Company shall give written notice to the Initiating Holders or Shelf Underwriting
Initiating Holders and any other Holders that have requested registration pursuant to Section 2.2 of its determination
to postpone or suspend use of or withdraw a registration statement and of the fact that the Valid Business Reason for such postponement
or suspension or withdrawal no longer exists, in each case, promptly after the occurrence thereof; provided, however,
that the Company shall not be entitled to more than two (2) Postponement Periods during any twelve (12) month period.

 

    8 

     

    

Each Holder of
Registrable Securities agrees that, upon receipt of any notice from the Company that the Company has determined to suspend use
of, withdraw, terminate or postpone amending or supplementing any registration statement pursuant to clause (c)(iii) above,
such Holder will discontinue its disposition of Registrable Securities pursuant to such registration statement. If the Company
shall have suspended use of, withdrawn or terminated a registration statement filed under Section 2.1(b)(i) (whether
pursuant to clause (c)(iii) above or as a result of any stop order, injunction or other order or requirement of the SEC or
any other governmental agency or court), the Company shall not be considered to have effected a Demand Registration for the purposes
of this Agreement and such request shall not count as a Demand Registration Request under this Agreement until the Company shall
have permitted use of such suspended registration statement or filed a new registration statement covering the Registrable Securities
covered by the withdrawn or terminated registration statement and such registration statement shall have been declared effective
and shall not have been withdrawn. If the Company shall give any notice of suspension, withdrawal or postponement of a registration
statement, the Company shall, not later than five (5) Business Days after the Valid Business Reason that caused such suspension,
withdrawal or postponement no longer exists (but, with respect to a suspension, withdrawal or postponement pursuant to clause (c)(iii) above,
in no event later than forty five (45) days after the date of the suspension, postponement or withdrawal), as applicable, permit
use of such suspended registration statement or use its reasonable best efforts to effect the registration under the Securities
Act of the Registrable Securities covered by the withdrawn or postponed registration statement in accordance with this Section 2.1
(unless the Initiating Holders or Shelf Underwriting Initiating Holders shall have withdrawn such request, in which case the Company
shall not be considered to have effected a Demand Registration for the purposes of this Agreement and such request shall not count
as a Demand Registration Request under this Agreement), and following such permission or such effectiveness such registration shall
no longer be deemed to be suspended, withdrawn or postponed pursuant to clause (iv) of Section 2.1(c) above.

 

(d)       No
Demand Registration shall be deemed to have occurred for purposes of Section 2.1(b) (i) if the registration statement
relating thereto (x) does not become effective, (y) is not maintained effective for a period of at least one hundred
eighty (180) days after the effective date thereof or such shorter period during which all Registrable Securities included in such
Registration Statement have actually been sold (provided, however, that such period shall be extended for a period
of time equal to the period any Holder of Registrable Securities refrains from selling any securities included in such Registration
Statement at the request of the Company or an underwriter of the Company), or (z) is subject to a stop order, injunction,
or similar order or requirement of the SEC during such period, (ii) for each Initiating Holder, if less than seventy five
percent (75%) of the Registrable Securities requested by such Initiating Holder to be included in such Demand Registration are
not so included pursuant to Section 2.3, (iii) if the method of disposition is a firm commitment underwritten
public offering and less than seventy five percent (75%) of the applicable Registrable Securities have not been sold pursuant thereto
(excluding any Registrable Securities included for sale in the underwriters’ overallotment option) or (iv) if the conditions
to closing specified in any underwriting agreement, purchase agreement or similar agreement entered into in connection with the
registration relating to such request are not satisfied (other than as a result of a default or breach thereunder by such Initiating
Holder(s) or its Affiliates or are otherwise waived by such Initiating Holder(s)).

 

    9 

     

    

(e)       Any
Initiating Holder may withdraw or revoke a Demand Registration Request delivered by such Initiating Holder at any time prior to
the effectiveness of such Demand Registration by giving written notice to the Company of such withdrawal or revocation and such
Demand Registration shall have no further force or effect and such request shall not count as a Demand Registration Request under
this Agreement.

 

2.2.       Piggyback
Registrations.

 

(a)       If
the Company proposes or is required to register any of its equity securities for its own account or for the account of any other
shareholder under the Securities Act (other than pursuant to registrations on Form S-4 or Form S-8 or any similar successor
forms thereto), the Company shall give written notice (the “Piggyback Notice”) of its intention to do so to
each of the Holders of record of Registrable Securities, at least five (5) Business Days prior to the filing of any registration
statement under the Securities Act. Notwithstanding the foregoing, the Company may delay any Piggyback Notice until after filing
a registration statement, so long as all recipients of such notice have the same amount of time to determine whether to participate
in an offering as they would have had if such notice had not been so delayed. Upon the written request of any such Holder, made
within five (5) days following the receipt of any such Piggyback Notice (which request shall specify the maximum number of Registrable
Securities intended to be disposed of by such Holder and the intended method of distribution thereof), the Company shall, subject
to Sections 2.2(c), 2.3 and 2.6 hereof, use its reasonable best efforts to cause all such Registrable
Securities, the Holders of which have so requested the registration thereof, to be registered under the Securities Act with the
securities which the Company at the time proposes to register to permit the sale or other disposition by the Holders (in accordance
with the intended method of distribution thereof) of the Registrable Securities to be so registered, including, if necessary, by
filing with the SEC a post-effective amendment or a supplement to the registration statement filed by the Company or the prospectus
related thereto. There is no limitation on the number of such piggyback registrations which the Company is obligated to effect
pursuant to the preceding sentence. No registration of Registrable Securities effected under this Section 2.2(a) shall
relieve the Company of its obligations to effect Demand Registrations under Section 2.1 hereof. For the avoidance of
doubt, this Section 2.2 shall not apply to any Underwritten Block Trade.

 

(b)       Other
than in connection with a Demand Registration or a Shelf Underwriting, at any time after giving a Piggyback Notice and prior to
the effective date of the registration statement filed in connection with such registration, if the Company shall determine for
any reason not to register or to delay registration of such equity securities, the Company may, at its election, give written notice
of such determination to all Holders of record of Registrable Securities and (x) in the case of a determination not to register,
shall be relieved of its obligation to register any Registrable Securities in connection with such abandoned registration, without
prejudice, however, to the rights of Holders under Section 2.1, and (y) in the case of a determination to delay
such registration of its equity securities, shall be permitted to delay the registration of such Registrable Securities for the
same period as the delay in registering such other equity securities.

 

(c)       Any
Holder shall have the right to withdraw its request for inclusion of its Registrable Securities in any registration statement pursuant
to this Section 2.2 by giving written

 

    10 

     

    

notice
to the Company of its request to withdraw; provided, however, that such request must be made in writing prior to
the earlier of the execution by such Holder of the underwriting agreement or the execution by such Holder of the custody agreement
with respect to such registration or as otherwise required by the underwriters.

 

2.3.       Allocation
of Securities Included in Registration Statement.

 

(a)       If
any requested registration or offering made pursuant to Section 2.1 (including a Shelf Underwriting) involves an underwritten
offering and the Manager of such offering shall advise the Company in good faith that, in its view, the number of securities requested
to be included in such underwritten offering by the Holders of Registrable Securities, the Company or any other Persons exercising
contractual registration rights (“Additional Piggyback Rights”) exceeds the largest number of securities (the
“Section 2.3(a) Sale Number”) that can be sold in an orderly manner in such underwritten offering within
a price range acceptable to the Initiating Holders and the Majority Participating Holders, the Company shall include in such underwritten
offering:

 

(i)       first,
all Registrable Securities requested to be included in such underwritten offering by the Holders thereof (including pursuant to
the exercise of piggyback rights pursuant to Section 2.2); provided, however, that if the number of such
Registrable Securities exceeds the Section 2.3(a) Sale Number, the number of such Registrable Securities (not to exceed the
Section 2.3(a) Sale Number) to be included in such underwritten offering shall be allocated on a pro rata basis among all
Holders (including each Initiating Holder) requesting that Registrable Securities be included in such underwritten offering (including
pursuant to the exercise of piggyback rights pursuant to Section 2.2), based on the number of Registrable Securities
then owned by each such Holder requesting inclusion in relation to the aggregate number of Registrable Securities owned by all
Holders requesting inclusion; and

 

(ii)       second,
to the extent that the number of Registrable Securities to be included pursuant to clause (i) of this Section 2.3(a)
is less than the Section 2.3(a) Sale Number, any securities that the Company proposes to register for its own account, up
to the Section 2.3(a) Sale Number; and (iii) third, to the extent that the number of securities to be included pursuant
to clauses (i) and (ii) of this Section 2.3(a) is less than the Section 2.3(a) Sale Number, the remaining
securities to be included in such underwritten offering shall be allocated on a pro rata basis among all Persons other than Holders
requesting that securities be included in such underwritten offering pursuant to the exercise of Additional Piggyback Rights (“Piggyback
Shares”), based on the aggregate number of Piggyback Shares then owned by each Person requesting inclusion in relation
to the aggregate number of Piggyback Shares owned by all Persons requesting inclusion, up to the Section 2.3(a) Sale Number.

 

(b)       If
any registration or offering made pursuant to Section 2.2 involves an underwritten primary offering on behalf of the
Company and the Manager shall advise the Company that, in its view, the number of securities requested to be included in such underwritten
offering by the Holders of Registrable Securities, the Company or any other Persons exercising Additional Piggyback Rights exceeds
the largest number of securities (the “Section 2.3(b) Sale Number”) that can be sold in an orderly manner
in such underwritten offering within a price range acceptable to the Company, the Company shall include in such underwritten offering:

 

    11 

     

    

(i)       first,
all equity securities that the Company proposes to register for its own account; and

 

(ii)       second,
to the extent that the number of securities to be included pursuant to clause (i) of this Section 2.3(b) is less
than the Section 2.3(b) Sale Number, the remaining Registrable Securities to be included in such underwritten offering shall
be allocated on a pro rata basis among all Holders requesting that Registrable Securities be included in such underwritten offering
pursuant to the exercise of piggyback rights pursuant to Section 2.2(a), based on the aggregate number of Registrable
Securities then owned by each such Holder requesting inclusion in relation to the aggregate number of Registrable Securities owned
by all Holders requesting inclusion, up to the Section 2.3(b) Sale Number; and (iii) third, to the extent that the number
of securities to be included pursuant to clauses (i) and (ii) of this Section 2.3(b) is less than the Section 2.3(b)
Sale Number, the remaining securities to be included in such underwritten offering shall be allocated on a pro rata basis among
all Persons requesting that Piggyback Shares be included in such underwritten offering pursuant to the exercise of Additional Piggyback
Rights, based on the aggregate number of Piggyback Shares then owned by each Person requesting inclusion in relation to the aggregate
number of Piggyback Shares owned by all Persons requesting inclusion, up to the Section 2.3(b) Sale Number.

 

(c)       If
any registration pursuant to Section 2.2 involves an underwritten offering that was initially requested by any Person(s)
(other than a Holder) to whom the Company has granted registration rights which are not inconsistent with the rights granted in,
and do not otherwise conflict with the terms of, this Agreement and the Manager shall advise the Company that, in its view, the
number of securities requested to be included in such underwritten offering exceeds the largest number of securities (the “Section 2.3(c)
Sale Number”) that can be sold in an orderly manner in such underwritten offering within a price range acceptable to
the Company, the Company shall include in such underwritten offering:

 

(i)       first,
the shares requested to be included in such underwritten offering shall be allocated on a pro rata basis among such Person(s) requesting
the registration and all Holders requesting that Registrable Securities be included in such underwritten offering pursuant to the
exercise of piggyback rights pursuant to Section 2.2(a), based on the aggregate number of securities or Registrable
Securities, as applicable, then owned by each of the foregoing requesting inclusion in relation to the aggregate number of securities
or Registrable Securities, as applicable, owned by all such Persons and Holders requesting inclusion, up to the Section 2.3(c)
Sale Number; and

 

(ii)       second,
to the extent that the number of securities to be included pursuant to clause (i) of this Section 2.3(c) is less
than the Section 2.3(c) Sale Number, the remaining securities to be included in such underwritten offering shall be allocated
on a pro rata basis among all Persons requesting that Piggyback Shares be included in such underwritten offering pursuant to the
exercise of Additional Piggyback Rights, based on the aggregate number of Piggyback Shares then owned by each Person requesting
inclusion in relation to the aggregate number of Piggyback Shares owned by all Persons requesting inclusion, up to the Section 2.3(c)
Sale Number; and (iii) third, to the extent that the number of securities to be included pursuant to clauses (i) and
(ii) of this Section 2.3(c) is less than the Section 2.3(c) Sale Number, any equity securities that the Company
proposes to register for its own account, up to the Section 2.3(c) Sale Number.

 

    12 

     

    

(d)       If,
as a result of the proration provisions set forth in clauses (a), (b) or (c) of this Section 2.3,
any Holder shall not be entitled to include all Registrable Securities in an underwritten offering that such Holder has requested
be included, such Holder may elect to withdraw such Holder’s request to include Registrable Securities in the registration
to which such underwritten offering relates or may reduce the number requested to be included; provided, however,
that (x) such request must be made in writing prior to the earlier of such Holder’s execution of the underwriting agreement
or such Holder’s execution of the custody agreement with respect to such registration and (y) such withdrawal or reduction
shall be irrevocable and, after making such withdrawal or reduction, such Holder shall no longer have any right to include Registrable
Securities in the registration as to which such withdrawal or reduction was made to the extent of the Registrable Securities so
withdrawn or reduced.

 

Registration Procedures.
If and whenever the Company is required by the provisions of this Agreement to effect or cause the registration of and/or participate
in any offering or sale of any Registrable Securities under the Securities Act as provided in this Agreement (or use reasonable
best efforts to accomplish the same), the Company shall, as expeditiously as possible:

 

(a)       prepare
and file all filings with the SEC and FINRA required for the consummation of the offering, including preparing and filing with
the SEC a registration statement on an appropriate registration form of the SEC for the disposition of such Registrable Securities
in accordance with the intended method of disposition thereof, which registration form (i) shall be selected by the Company
(except as provided for in a Demand Registration Request) and (ii) shall, in the case of a shelf registration, be available
for the sale of the Registrable Securities by the selling Holders thereof and such registration statement shall comply as to form
in all material respects with the requirements of the applicable registration form and include all financial statements required
by the SEC to be filed therewith, and the Company shall use its reasonable best efforts to cause such registration statement to
become effective and remain continuously effective for such period as required by this Agreement (provided, however,
that as far in advance as reasonably practicable before filing a registration statement or prospectus or any amendments or supplements
thereto, or comparable statements under securities or state “blue sky” laws of any jurisdiction, or any free writing
prospectus related thereto, the Company will furnish to the Holders participating in the planned offering and to the Manager, if
any, copies of all such documents proposed to be filed (including all exhibits thereto), which documents will be subject to their
reasonable review and reasonable comment and the Company shall not file any registration statement or amendment thereto, any prospectus
or supplement thereto or any free writing prospectus related thereto to which the Initiating Holders, the Majority Participating
Holders or the underwriters, if any, shall reasonably object); provided, however, that, notwithstanding the foregoing,
in no event shall the Company be required to file any document with the SEC which in the view of the Company or its counsel contains
an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make any
statement therein not misleading;

 

    13 

     

    

(b)       (i) prepare
and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith
and such free writing prospectuses and Exchange Act reports as may be necessary to keep such registration statement continuously
effective for such period as required by this Agreement and to comply with the provisions of the Securities Act with respect to
the sale or other disposition of all Registrable Securities covered by such registration statement, and any prospectus so supplemented
to be filed pursuant to Rule 424 under the Securities Act, in accordance with the intended methods of disposition by the seller
or sellers thereof set forth in such registration statement and (ii) provide notice to such sellers of Registrable Securities
and the Manager, if any, of the Company’s reasonable determination that a post-effective amendment to a registration statement
would be appropriate;

 

(c)       furnish,
without charge, to each Participating Holder and each underwriter, if any, of the securities covered by such registration statement
such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits),
the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any
other prospectus filed under Rule 424 under the Securities Act, each free writing prospectus utilized in connection therewith,
in each case, in conformity with the requirements of the Securities Act, and other documents, as such seller and underwriter may
reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities owned by such seller
(the Company hereby consenting to the use in accordance with all applicable laws of each such registration statement (or amendment
or post-effective amendment thereto) and each such prospectus (or preliminary prospectus or supplement thereto) or free writing
prospectus by each such Participating Holder and the underwriters, if any, in connection with the offering and sale of the Registrable
Securities covered by such registration statement or prospectus);

 

(d)       use
its reasonable best efforts to register or qualify the Registrable Securities covered by such registration statement under such
other securities or state “blue sky” laws of such jurisdictions as any sellers of Registrable Securities or any managing
underwriter, if any, shall reasonably request in writing, and do any and all other acts and things which may be reasonably necessary
or advisable to enable such sellers or underwriter, if any, to consummate the disposition of the Registrable Securities in such
jurisdictions (including keeping such registration or qualification in effect for so long as such registration statement remains
in effect), except that in no event shall the Company be required to qualify to do business as a foreign corporation in any jurisdiction
where it would not, but for the requirements of this paragraph (d), be required to be so qualified, to subject itself to taxation
in any such jurisdiction or to consent to general service of process in any such jurisdiction;

 

(e)       promptly
notify each Participating Holder and each managing underwriter, if any: (i) when the registration statement, any pre-effective
amendment, the prospectus or any prospectus supplement related thereto, any post-effective amendment to the registration statement
or any free writing prospectus has been filed with the SEC and, with respect to the registration statement or any post-effective
amendment, when the same has become effective; (ii) of any request by the SEC or state securities authority for amendments
or supplements to the registration statement or the prospectus related thereto or for additional information; (iii) of the
issuance by the SEC of any stop order suspending the effectiveness of the registration statement or the initiation

 

    14 

     

    

of
any proceedings for that purpose; (iv) of the receipt by the Company of any notification with respect to the suspension of
the qualification of any Registrable Securities for sale under the securities or state “blue sky” laws of any jurisdiction
or the initiation of any proceeding for such purpose; (v) of the existence of any fact of which the Company becomes aware
which results in the registration statement or any amendment thereto, the prospectus related thereto or any supplement thereto,
any document incorporated therein by reference, any free writing prospectus or the information conveyed at the time of sale to
any purchaser containing an untrue statement of a material fact or omitting to state a material fact required to be stated therein
or necessary to make any statement therein not misleading; and (vi) if at any time the representations and warranties contemplated
by any underwriting agreement, securities sale agreement, or other similar agreement, relating to the offering shall cease to
be true and correct in all material respects (unless otherwise qualified by materiality in which case such representations and
warranties shall cease to be true and correct in all respects); and, if the notification relates to an event described in clause (v),
unless the Company has declared that a Postponement Period exists, the Company shall promptly prepare and furnish to each such
seller and each underwriter, if any, a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter
delivered to the purchasers of such Registrable Securities, such prospectus shall not include an 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 in the light of
the circumstances under which they were made not misleading;

 

(f)       comply
(and continue to comply) with all applicable rules and regulations of the SEC (including maintaining disclosure controls and procedures
(as defined in Exchange Act Rule 13a-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f))
in accordance with the Exchange Act), and make generally available to its security holders (including by way of filings with the
SEC), as soon as reasonably practicable after the effective date of the registration statement (and in any event within forty-five
(45) days, or ninety (90) days if it is a fiscal year, after the end of such twelve month period described hereafter), an earnings
statement (which need not be audited) covering the period of at least twelve (12) consecutive months beginning with the first day
of the Company’s first calendar quarter after the effective date of the registration statement, which earnings statement
shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder;

 

(g)       (i) (A) use
its reasonable best efforts to cause all such Registrable Securities covered by such registration statement to be listed on the
principal securities exchange on which similar securities issued by the Company are then listed, if the listing of such Registrable
Securities is then permitted under the rules of such exchange, or (B) if no similar securities are then so listed, use its
reasonable best efforts to either cause all such Registrable Securities to be listed on a national securities exchange or to secure
designation of all such Registrable Securities as a New York Stock Exchange “national market system security” within
the meaning of Rule 11Aa2-1 of the Exchange Act or, failing that, secure New York Stock Exchange authorization for such shares
and, without limiting the generality of the foregoing, take all actions that may be required by the Company as the issuer of such
Registrable Securities in order to facilitate the managing underwriter’s arranging for the registration of at least two market
makers as such with respect to such shares with FINRA, and (ii) comply (and continue to comply) with the requirements of any
self-regulatory organization applicable to the Company, including all corporate governance requirements;

 

    15 

     

    

(h)       cause
its senior management, officers and employees to participate in, and to otherwise facilitate and cooperate with the preparation
of the registration statement and prospectus and any amendments or supplements thereto (including participating in meetings, drafting
sessions, due diligence sessions and rating agency presentations) taking into account the Company’s reasonable business needs;

 

(i)       provide
and cause to be maintained a transfer agent and registrar for all such Registrable Securities covered by such registration statement
not later than the effective date of such registration statement and, in the case of any secondary equity offering, provide and
enter into any reasonable agreements with a custodian for the Registrable Securities;

 

(j)       enter
into such customary agreements (including, if applicable, an underwriting agreement) and take such other actions as the Initiating
Holder or the Majority Participating Holders or the underwriters shall reasonably request in order to expedite or facilitate the
disposition of such Registrable Securities (it being understood that the Holders of the Registrable Securities which are to be
distributed by any underwriters shall be parties to any such underwriting agreement and may, at their option, require that the
Company make for the benefit of such Holders the representations, warranties and covenants of the Company which are being made
to and for the benefit of such underwriters);

 

(k)       use
its reasonable best efforts (i) to obtain opinions from the Company’s counsel, including local and/or regulatory counsel,
and a “comfort” letter and updates thereof from the independent public accountants who have certified the financial
statements of the Company (and/or any other financial statements) included or incorporated by reference in such registration statement,
in each case, in customary form and covering such matters as are customarily covered by such opinions and “comfort”
letters (including, in the case of such “comfort” letter, events subsequent to the date of such financial statements)
delivered to underwriters in underwritten public offerings, which opinions and letters shall be dated the dates such opinions and
“comfort” letters are customarily dated and otherwise reasonably satisfactory to the underwriters, if any, and (ii) furnish
to each Participating Holder and to each underwriter, if any, a copy of such opinions and letters addressed to such underwriter;

 

(l)       deliver
promptly to counsel for the Majority Participating Holders and to each managing underwriter, if any, copies of all correspondence
between the SEC and the Company, its counsel or auditors and all memoranda relating to discussions with the SEC or its staff with
respect to the registration statement, and, upon receipt of such confidentiality agreements as the Company may reasonably request,
make reasonably available for inspection by counsel for the Majority Participating Holders, by counsel for any underwriter participating
in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained
by the Majority Participating Holders or any such underwriter, during regular business hours, all pertinent financial and other
records, pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors
and employees to supply all information reasonably requested by any such counsel for the Majority Participating Holders, counsel
for an underwriter, attorney, accountant or agent in connection with such registration statement;

 

    16 

     

    

(m)       use
its reasonable best efforts to prevent the issuance or obtain the prompt withdrawal of any order suspending the effectiveness of
the registration statement, or the prompt lifting of any suspension of the qualification of any of the Registrable Securities for
sale in any jurisdiction, in each case, as promptly as reasonably practicable;

 

(n)       provide
a CUSIP number for all Registrable Securities, not later than the effective date of the registration statement;

 

(o)       use
its reasonable best efforts to make available its senior management for participation in “road shows” and other marketing
efforts and otherwise provide reasonable assistance to the underwriters (taking into account the Company’s reasonable business
needs and the requirements of the marketing process) in the marketing of Registrable Securities in any underwritten offering;

 

(p)       promptly
prior to the filing of any document which is to be incorporated by reference into the registration statement or the prospectus
(after the initial filing or confidential submission of such registration statement), and prior to the filing or use of any free
writing prospectus, provide copies of such document to counsel for the Majority Participating Holders and to each managing underwriter,
if any, and make the Company’s representatives reasonably available for discussion of such document and make such changes
in such document concerning the information regarding the Participating Holders contained therein prior to the filing thereof as
counsel for the Majority Participating Holders or underwriters may reasonably request (provided, however, that, notwithstanding
the foregoing, in no event shall the Company be required to file or confidentially submit any document with the SEC which in the
view of the Company or its counsel contains an untrue statement of a material fact or omits to state a material fact required to
be stated therein or necessary to make any statement therein not misleading);

 

(q)       furnish
to counsel for the Majority Participating Holders and to each managing underwriter, without charge, upon request, at least one
conformed copy of the registration statement and any post-effective amendments or supplements thereto, including financial statements
and schedules, all documents incorporated therein by reference, the prospectus contained in such registration statement (including
each preliminary prospectus and any summary prospectus), any other prospectus and prospectus supplement filed under Rule 424
under the Securities Act and all exhibits (including those incorporated by reference) and any free writing prospectus utilized
in connection therewith;

 

(r)       cooperate
with the Participating Holders and the managing underwriter, if any, to facilitate the timely preparation and delivery of certificates
not bearing any restrictive legends representing the Registrable Securities to be sold, and cause such Registrable Securities to
be issued in such denominations and registered in such names in accordance with the underwriting agreement at least two (2) Business
Days prior to any sale of Registrable Securities to the underwriters or, if not an underwritten offering, in accordance with the
instructions of the Participating Holders at least two (2) Business Days prior to any sale of Registrable Securities and instruct
any transfer agent and registrar of Registrable Securities to release any stop transfer orders in respect thereof (and, in the
case of Registrable Securities registered on a Shelf Registration Statement, at the request of any Holder, prepare and deliver
certificates representing such Registrable Securities not bearing any restrictive legends and deliver or cause to be delivered
an opinion or instructions to the transfer agent in order to allow such Registrable Securities to be sold from time to time);

 

    17 

     

    

(s)       include
in any prospectus or prospectus supplement if requested by any managing underwriter updated financial or business information for
the Company’s most recent period or current quarterly period (including estimated results or ranges of results) if required
for purposes of marketing the offering in the view of the managing underwriter;

 

(t)       take
no direct or indirect action prohibited by Regulation M under the Exchange Act; provided, however, that to the extent
that any prohibition is applicable to the Company, the Company will use its reasonable best efforts to make any such prohibition
inapplicable;

 

(u)       use
its reasonable best efforts to cause the Registrable Securities covered by the applicable registration statement to be registered
with or approved by such other governmental agencies or authorities as may be necessary to enable the Participating Holders or
the underwriters, if any, to consummate the disposition of such Registrable Securities;

 

(v)       take
all such other commercially reasonable actions as are necessary or advisable in order to expedite or facilitate the disposition
of such Registrable Securities;

 

(w)       take
all reasonable action to ensure that any free writing prospectus utilized in connection with any registration covered by Section 2.1
or 2.2 complies in all material respects with the Securities Act, is filed in accordance with the Securities Act to the
extent required thereby, is retained in accordance with the Securities Act to the extent required thereby and, when taken together
with the related prospectus, prospectus supplement and related documents, will not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading;

 

(x)       in
connection with any underwritten offering, if at any time the information conveyed to a purchaser at the time of sale includes
any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein,
in the light of the circumstances under which they were made, not misleading, promptly file with the SEC such amendments or supplements
to such information as may be necessary so that the statements as so amended or supplemented will not, in the light of the circumstances,
be misleading;

 

(y)       to
the extent required by the rules and regulations of FINRA, retain a Qualified Independent Underwriter acceptable to the managing
underwriter; and

 

(z)       use
reasonable best efforts to cooperate with the managing underwriters, Participating Holders, any indemnitee of the Company and their
respective counsel in connection with the preparation and filing of any applications, notices, registrations and responses to requests
for additional information with FINRA, Nasdaq, or any other national securities exchange on which the shares of Class A Common
Stock are listed.

 

To the extent
the Company is a WKSI at the time any Demand Registration Request is submitted to the Company, the Company shall file an automatic
shelf registration statement (as

 

    18 

     

    

defined
in Rule 405 under the Securities Act) (an “automatic shelf registration statement”) on Form S-3 which
covers those Registrable Securities which are requested to be registered. The Company shall not take any action that would result
in it not remaining a WKSI or would result in it becoming an ineligible issuer (as defined in Rule 405 under the Securities
Act) during the period during which such automatic shelf registration statement is required to remain effective. If the Company
does not pay the filing fee covering the Registrable Securities at the time the automatic shelf registration statement is filed,
the Company agrees to pay such fee at such time or times as the Registrable Securities are to be sold in compliance with the SEC
rules. If the automatic shelf registration statement has been outstanding for at least three (3) years, at or prior to the end
of the third year the Company shall refile a new automatic shelf registration statement covering the Registrable Securities. If
at any time when the Company is required to re-evaluate its WKSI status the Company determines that it is not a WKSI, the Company
shall use its reasonable best efforts to refile the shelf registration statement on Form S-3 and, if such form is not available,
Form S-1 and keep such registration statement effective during the period which such registration statement is required to
be kept effective.

 

If the Company
files any shelf registration statement for the benefit of the holders of any of its securities other than the Holders, and the
Holders do not request that their Registrable Securities be included in such Shelf Registration Statement, the Company agrees that
it shall include in such registration statement such disclosures as may be required by Rule 430B under the Securities Act
(referring to the unnamed selling security holders in a generic manner by identifying the initial offering of the securities to
the Holders) in order to ensure that the Holders may be added to such shelf registration statement at a later time through the
filing of a prospectus supplement rather than a post-effective amendment.

 

The Company may
require as a condition precedent to the Company’s obligations under this Section 2.4 that each Participating
Holder as to which any registration is being effected (i) furnish the Company such information regarding such seller and the
distribution of such securities as the Company may from time to time reasonably request (including as required under state securities
laws), provided that such information is necessary for the Company to consummate such registration and shall be used only
in connection with such registration and (ii) provide any underwriters participating in the distribution of such securities
such information as the underwriters may request and execute and deliver any agreements, certificates or other documents as the
underwriters may request.

 

Each Holder of
Registrable Securities agrees that upon receipt of any notice from the Company of the happening of any event of the kind described
in clause (v) of paragraph (e) of this Section 2.4, such Holder will discontinue such Holder’s disposition
of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Holder’s
receipt of the copies of the supplemented or amended prospectus contemplated by paragraph (e) of this Section 2.4 and,
if so directed by the Company, will deliver to the Company (at the Company’s expense) all copies, other than permanent file
copies, then in such Holder’s possession of the prospectus covering such Registrable Securities that was in effect at the
time of receipt of such notice. In the event the Company shall give any such notice, the applicable period mentioned in paragraph
(b) of this Section 2.4 shall be extended by the number of days during such period from and including the date of the
giving of such notice to and including the date when each Participating Holder covered by such registration statement shall have
received the copies of the supplemented or amended prospectus contemplated by paragraph (e) of this Section 2.4.

 

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The Company agrees
not to file or make any amendment to any registration statement with respect to any Registrable Securities, or any amendment of
or supplement to the prospectus, or any free writing prospectus, which amendment refers to any Holder covered thereby by name,
or otherwise identifies such Holder, without the consent of such Holder, such consent not to be unreasonably withheld or delayed,
unless such disclosure is required by law, in which case the Company shall provide written notice to such Holders no less than
five (5) Business Days prior to the filing.

 

2.5.       Registration
Expenses.

 

(a)       The
Company shall pay all Expenses with respect to any registration or offering of Registrable Securities pursuant to Section 2,
whether or not a registration statement becomes effective or the offering is consummated.

 

(b)       Notwithstanding
the foregoing, (x) the provisions of this Section 2.5 shall be deemed amended to the extent necessary to cause
these expense provisions to comply with state “blue sky” laws of each state in which the offering is made and (y) in
connection with any underwritten offering hereunder, each Participating Holder shall pay all underwriting discounts and commissions
and any transfer taxes, if any, attributable to the sale of such Registrable Securities, pro rata with respect to payments of discounts
and commissions in accordance with the number of shares sold in the offering by such Participating Holder.

 

Certain Limitations
on Registration Rights. In the case of any registration under Section 2.1 involving an underwritten offering, or,
in the case of a registration under Section 2.2, if the Company has determined to enter into an underwriting agreement
in connection therewith, all securities to be included in such underwritten offering shall be subject to such underwriting agreement
and no Person may participate in such underwritten offering unless such Person (i) agrees to sell such Person’s securities
on the basis provided therein and completes and executes all reasonable questionnaires, and other documents (including custody
agreements and powers of attorney) which must be executed in connection therewith; provided, however, that all such
documents shall be consistent with the provisions hereof and (ii) provides such other information to the Company or the underwriter
as may be necessary to register such Person’s securities.

 

Limitations on Sale
or Distribution of Other Securities.

 

(a)       Each
Holder that is a director or officer of the Company agrees, to the extent requested by the Manager of any underwritten public offering
pursuant to a registration or offering effected pursuant to Section 2.1 (including any Shelf Underwriting pursuant
to Section 2.1) or Section 2.2 (including any offering effected by the Company for its own account ), not
to sell, transfer or otherwise dispose of, including any sale pursuant to Rule 144, any Class A Common Stock or Class A Common
Stock Equivalents (other than as part of such underwritten public offering) during the time period reasonably requested by the
Manager, not to exceed the period from seven days prior to the pricing date of such offering until ninety (90) days after the pricing
date of such offering or such shorter period as the Manager, the Company or any executive officer or director of the Company shall
agree to.

 

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(b)       The
Company hereby agrees that, in connection with an offering pursuant to Section 2.1 (including any Shelf Underwriting
pursuant to Section 2.1(e)) or 2.2, the Company shall not sell, transfer, or otherwise dispose of, any Class
A Common Stock or Class A Common Stock Equivalent (other than as part of such underwritten public offering, a registration on Form S-4
or Form S-8 or any successor or similar form which is (x) then in effect or (y) shall become effective upon the
conversion, exchange or exercise of any then outstanding Class A Common Stock Equivalent), until a period from seven days prior
to the pricing date of such offering until ninety (90) days after the pricing date of such offering or such shorter period as the
Manager, the Company or any executive officer or director of the Company shall agree to and the Company shall so provide in any
registration rights agreements hereafter entered into with respect to any of its securities.

 

No Required Sale.
Nothing in this Agreement shall be deemed to create an independent obligation on the part of any Holder to sell any Registrable
Securities pursuant to any effective registration statement. A Holder is not required to include any of its Registrable Securities
in any registration statement, is not required to sell any of its Registrable Securities which are included in any effective registration
statement, and may sell any of its Registrable Securities in any manner in compliance with applicable law (subject to applicable
lock-up restrictions) even if such shares are already included on an effective registration statement.

 

2.9.       Indemnification.

 

(a)       In
the event of any registration or offer and sale of any securities of the Company under the Securities Act pursuant to this Section 2,
the Company will (without limitation as to time), and hereby agrees to, and hereby does, indemnify and hold harmless, to the fullest
extent permitted by law, each Participating Holder, its directors, officers, employees, stockholders, members, general and limited
partners, agents, affiliates, representatives, successors and assigns (and the directors, officers, employees, stockholders, members,
general and limited partners, agents, affiliates, representatives, successors and assigns thereof), each other Person who participates
as a seller (and its directors, officers, employees, stockholders, members, general and limited partners, agents, affiliates, representatives,
successors and assigns), underwriter or Qualified Independent Underwriter, if any, in the offering or sale of such securities,
each officer, director, employee, stockholder, managing director, agent, affiliate, representative, successor, assign or partner
of such underwriter or Qualified Independent Underwriter, and each other Person, if any, who controls (within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act) such seller or any such underwriter or Qualified Independent Underwriter
and each director, officer, employee, stockholder, managing director, agent, affiliate, representative, successor, assign or partner
of such controlling Person, from and against any and all losses, claims, damages or liabilities, joint or several, actions or proceedings
(whether commenced or threatened) and expenses (including reasonable fees of counsel and any amounts paid in any settlement effected
with the Company’s consent, which consent shall not be unreasonably withheld or delayed) to which each such indemnified party
may become subject under the Securities Act or otherwise in respect thereof (collectively, “Claims”), insofar
as such Claims arise out of, are based upon, relate to or are in connection with (i) any untrue statement or alleged untrue
statement of a

 

    21 

     

    

material
fact contained in any registration statement under which such securities were registered under the Securities Act or 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, (ii) any untrue statement or alleged untrue statement of a material fact contained in any preliminary, final
or summary prospectus or any amendment or supplement thereto, together with the documents incorporated by reference therein, or
any free writing prospectus utilized in connection therewith, or the omission or alleged omission to state therein a material
fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under
which they were made, not misleading, or (iii) any untrue statement or alleged untrue statement of a material fact in the
information conveyed by the Company or any underwriter to any purchaser at the time of the sale to such purchaser, or the omission
or alleged omission to state therein a material fact required to be stated therein, or (iv) any violation by the Company
of any federal, state or common law rule or regulation applicable to the Company and relating to any action required of or inaction
by the Company in connection with any such offering of Registrable Securities, and the Company will reimburse any such indemnified
party for any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending
any such Claim as such expenses are incurred; provided, however, that the Company shall not be liable to any such
indemnified party in any such case to the extent such Claim arises out of or is based upon any untrue statement or alleged untrue
statement of a material fact or omission or alleged omission of a material fact made in such registration statement or amendment
thereof or supplement thereto or in any such prospectus or any preliminary, final or summary prospectus or free writing prospectus
in reliance upon and in conformity with written information furnished to the Company by or on behalf of such indemnified party
specifically for use therein. Such indemnity and reimbursement of expenses shall remain in full force and effect regardless of
any investigation made by or on behalf of such indemnified party and shall survive the transfer of such securities by such seller.

 

(b)       Each
Participating Holder (and, if the Company requires as a condition to including any Registrable Securities in any registration statement
filed in accordance with Section 2.1 or 2.2, any underwriter and Qualified Independent Underwriter, if any)
shall, severally and not jointly, indemnify and hold harmless (in the same manner and to the same extent as set forth in paragraph
(a) of this Section 2.9) to the extent permitted by law the Company, its officers and its directors, each Person controlling
the Company within the meaning of the Securities Act and all other prospective sellers and their directors, officers, stockholders,
fiduciaries, managing directors, agents, affiliates, representatives, successors, assigns or general and limited partners and respective
controlling Persons with respect to any untrue statement or alleged untrue statement of any material fact in, or omission or alleged
omission of any material fact from, such registration statement, any preliminary, final or summary prospectus contained therein,
or any amendment or supplement thereto, or any free writing prospectus utilized in connection therewith, if such statement or alleged
statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the
Company or its representatives by or on behalf of such Participating Holder or underwriter or Qualified Independent Underwriter,
if any, specifically for use therein, and each such Participating Holder, underwriter or Qualified Independent Underwriter, if
any, shall reimburse such indemnified party for any legal or other expenses reasonably incurred by such indemnified party in connection
with investigating or defending any such Claim as such expenses are incurred; provided, however, that the aggregate
amount which any such Participating Holder shall be required to pay pursuant to this Section 2.9 (including pursuant
to indemnity, contribution or otherwise) shall in no case be greater than the

 

    22 

     

    

amount
of the net proceeds received by such Participating Holder upon the sale of the Registrable Securities pursuant to the registration
statement giving rise to such Claim; provided, further, that such Participating Holder shall not be liable in any
such case to the extent that prior to the filing or confidential submission of any such registration statement or prospectus or
amendment thereof or supplement thereto, or any free writing prospectus utilized in connection therewith, such Participating Holder
has furnished in writing to the Company information expressly for use in such registration statement or prospectus or any amendment
thereof or supplement thereto or free writing prospectus which corrected or made not misleading information previously furnished
to the Company. The Company and each Participating Holder hereby acknowledge and agree that, unless otherwise expressly agreed
to in writing by such Participating Holders to the contrary, for all purposes of this Agreement, the only information furnished
or to be furnished to the Company for use in any such registration statement, preliminary, final or summary prospectus or amendment
or supplement thereto, or any free writing prospectus, are statements specifically relating to (i) the beneficial ownership
of shares of Common Stock by such Participating Holder and its Affiliates as disclosed in the section of such document entitled
“Selling Stockholders” or “Principal and Selling Stockholders” and (ii) the name and address of such
Participating Holder. If any additional information about such Holder or the plan of distribution (other than for an underwritten
offering) is required by law to be disclosed in any such document, then such Holder shall not unreasonably withhold its agreement
referred to in the immediately preceding sentence. Such indemnity and reimbursement of expenses shall remain in full force and
effect regardless of any investigation made by or on behalf of such indemnified party and shall survive the transfer of such securities
by such Holder.

 

(c)       Indemnification
similar to that specified in the preceding paragraphs (a) and (b) of this Section 2.9 (with appropriate modifications)
shall be given by the Company and each Participating Holder with respect to any required registration or other qualification of
securities under any applicable securities and state “blue sky” laws.

 

(d)       Any
Person entitled to indemnification under this Agreement shall notify promptly the indemnifying party in writing of the commencement
of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Section 2.9,
but the failure of any indemnified party to provide such notice shall not relieve the indemnifying party of its obligations under
the preceding paragraphs of this Section 2.9, except to the extent the indemnifying party is materially and actually
prejudiced thereby and shall not relieve the indemnifying party from any liability which it may have to any indemnified party otherwise
than under this Section 2.9. In case any action or proceeding is brought against an indemnified party and such indemnified
party shall have notified the indemnifying party of the commencement thereof (as required above), the indemnifying party shall
be entitled to participate therein and, unless in the reasonable opinion of outside counsel to the indemnified party a conflict
of interest between such indemnified and indemnifying parties exists in respect of such Claim, to assume the defense thereof jointly
with any other indemnifying party similarly notified, to the extent that it chooses, with counsel reasonably satisfactory to such
indemnified party, and after notice from the indemnifying party to such indemnified party that it so chooses, the indemnifying
party shall not be liable to such indemnified party for any legal or other expenses subsequently incurred by such indemnified party
in connection with the defense thereof other than reasonable costs of investigation; provided, however, that (i) if
the indemnifying party fails to take reasonable steps necessary to defend diligently the action or proceeding within twenty (20)
days after receiving

 

    23 

     

    

notice
from such indemnified party that the indemnified party believes it has failed to do so; or (ii) if such indemnified party
who is a defendant in any action or proceeding which is also brought against the indemnifying party reasonably shall have concluded
that there may be one or more legal or equitable defenses available to such indemnified party which are not available to the indemnifying
party or which may conflict with or be different from those available to another indemnified party with respect to such Claim;
or (iii) if representation of both parties by the same counsel is otherwise inappropriate under applicable standards of professional
conduct, then, in any such case, the indemnified party shall have the right to assume or continue its own defense as set forth
above (but with no more than one firm of counsel for all indemnified parties in each jurisdiction, except to the extent any indemnified
party or parties reasonably shall have made a conclusion described in clause (ii) or (iii) above) and the indemnifying
party shall be liable for any expenses therefor. No indemnifying party shall be liable for any settlement of any proceeding effected
without its written consent (which consent shall not be unreasonably withheld or delayed), but if settled with such consent or
if there be a final judgment for the plaintiff, such indemnifying party agrees to indemnify each indemnified party from and against
any loss, claim, damage, liability or expense by reason of such settlement or judgment. No indemnifying party shall, without the
written consent of the indemnified party, effect the settlement or compromise of, or consent to the entry of any judgment with
respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder
(whether or not the indemnified party is an actual or potential party to such action or claim) unless such settlement, compromise
or judgment (A) includes an unconditional release of the indemnified party from all liability arising out of such action or claim
and (B) does not include a statement as to or an admission of fault or culpability, by or on behalf of any indemnified party.

 

(e)       If
for any reason the foregoing indemnity is unavailable, unenforceable or is insufficient to hold harmless an indemnified party under
Sections 2.9(a), (b) or (c), then each applicable indemnifying party shall contribute to the amount paid
or payable to such indemnified party as a result of any Claim in such proportion as is appropriate to reflect the relative fault
of the indemnifying party, on the one hand, and the indemnified party, on the other hand, with respect to such Claim. The relative
fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact
or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or the indemnified
party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such untrue
statement or omission. If, however, the allocation provided in the second preceding sentence is not permitted by applicable law,
then each indemnifying party shall contribute to the amount paid or payable by such indemnified party in such proportion as is
appropriate to reflect not only such relative faults but also the relative benefits of the indemnifying party and the indemnified
party as well as any other relevant equitable considerations. The parties hereto agree that it would not be just and equitable
if any contribution pursuant to this Section 2.9(e) were to be determined by pro rata allocation or by any other method
of allocation which does not take account of the equitable considerations referred to in the preceding sentences of this Section 2.9(e).
The amount paid or payable in respect of any Claim shall be deemed to include any legal or other expenses reasonably incurred by
such indemnified party in connection with investigating or defending any such Claim. No Person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation. Notwithstanding anything in this Section 2.9(e) to the contrary, no indemnifying
party (other than the Company) shall be

 

    24 

     

    

required
pursuant to this Section 2.9(e) to contribute any amount greater than the amount of the net proceeds received by such
indemnifying party from the sale of Registrable Securities pursuant to the registration statement giving rise to such Claim, less
the amount of any indemnification payment made by such indemnifying party pursuant to Sections 2.9(b) and (c).
In addition, no Holder of Registrable Securities or any Affiliate thereof shall be required to pay any amount under this Section 2.9(e)
unless such Person or entity would have been required to pay an amount pursuant to Section 2.9(b) if it had been
applicable in accordance with its terms.

 

(f)       The
indemnity and contribution agreements contained herein shall be in addition to any other rights to indemnification or contribution
which any indemnified party may have pursuant to law or contract and shall remain operative and in full force and effect regardless
of any investigation made or omitted by or on behalf of any indemnified party and shall survive the transfer of the Registrable
Securities by any such party.

 

(g)       The
indemnification and contribution required by this Section 2.9 shall be made by periodic payments of the amount thereof
during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred.

 

No Inconsistent
Agreements. The Company shall not hereafter enter into any agreement with respect to its securities that is inconsistent in
any material respects with the rights granted to the Holders in this Agreement.

 

Section 3.Underwritten Offerings.

 

Requested Underwritten
Offerings. If requested by the underwriters for any underwritten offering pursuant to a registration requested under Section 2.1,
the Company shall enter into a customary underwriting agreement with the underwriters. Such underwriting agreement shall (i) be
satisfactory in form and substance to the Initiating Holders and the Majority Participating Holders, (ii) contain terms not
inconsistent with the provisions of this Agreement and (iii) contain such representations and warranties by, and such other
agreements on the part of, the Company and such other terms as are generally prevailing in agreements of that type, including indemnities
and contribution agreements on substantially the same terms as those contained herein or as otherwise customary for the lead underwriter.
Every Participating Holder shall be a party to such underwriting agreement. Each Participating Holder shall not be required to
make any representations or warranties to or agreements with the Company or the underwriters other than customary representations
of a selling shareholder, including representations, warranties or agreements regarding its ownership of and title to the Registrable
Securities, any written information specifically provided by such Participating Holder for inclusion in the registration statement
and its intended method of distribution; and any liability of such Participating Holder to any underwriter or other Person under
such underwriting agreement for indemnity, contribution or otherwise shall in no case be greater than the amount of the net proceeds
received by such Participating Holder upon the sale of Registrable Securities pursuant to such registration statement and in no
event shall relate to anything other than information about such Holder specifically provided by such Holder for use in the registration
statement and prospectus.

 

Piggyback Underwritten
Offerings. In the case of a registration pursuant to Section 2.2, if the Company shall have determined to enter
into an underwriting agreement in

 

    25 

     

    

connection therewith, all of the Participating
Holders’ Registrable Securities to be included in such registration shall be subject to such underwriting agreement. Each
such Participating Holder shall not be required to make any representations or warranties to or agreements with the Company or
the underwriters other than customary representations of a selling shareholder, including representations, warranties or agreements
regarding its ownership of and title to the Registrable Securities, any written information specifically provided by such Participating
Holder for inclusion in the registration statement and its intended method of distribution; and any liability of such Participating
Holder to any underwriter or other Person under such underwriting agreement shall in no case be greater than the amount of the
net proceeds received by such Participating Holder upon the sale of Registrable Securities pursuant to such registration statement
and in no event shall relate to anything other than information about such Holder specifically provided by such Holder for use
in the registration statement and prospectus.

 

Section 4.General.

 

Adjustments Affecting
Registrable Securities. The provisions of this Agreement shall apply, to the full extent set forth herein with respect to the
Registrable Securities, to any and all shares of capital stock of the Company, any successor or assign of the Company (whether
by merger, share exchange, consolidation, sale of assets or otherwise) or any Subsidiary or parent company of the Company which
may be issued in respect of, in exchange for or in substitution of, Registrable Securities and shall be appropriately adjusted
for any stock dividends, splits, reverse splits, combinations, recapitalizations and the like occurring after the date hereof.

 

Rule 144.
The Company covenants that (i) so long as it remains subject to the reporting provisions of the Exchange Act, it will timely
file the reports required to be filed by it under the Securities Act or the Exchange Act (including, but not limited to, the reports
under Sections 13 and 15(d) of the Exchange Act referred to in subparagraph (c)(1)(i) of Rule 144 under the Securities
Act, as such Rule may be amended (“Rule 144”)) or, if the Company is not required to file such reports,
it will, upon the request of any Holder, make publicly available other information so long as necessary to permit sales by such
Holder under Rule 144, or any similar rules or regulations hereafter adopted by the SEC, and (ii) it will take such further
action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell Registrable
Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144, or
 any similar rule or regulation hereafter adopted by the SEC. Upon the request of any Holder of Registrable Securities, the
Company will promptly deliver to such Holder a written statement as to whether it has complied with such requirements.

 

Nominees for Beneficial
Owners. If Registrable Securities are held by a nominee for the beneficial owner thereof, the beneficial owner thereof may,
at its option, be treated as the Holder of such Registrable Securities for purposes of any request or other action by any Holder
or Holders of Registrable Securities pursuant to this Agreement (or any determination of any number or percentage of shares constituting
Registrable Securities held by any Holder or Holders of Registrable Securities contemplated by this Agreement); provided,
however, that the Company shall have received evidence reasonably satisfactory to it of such beneficial ownership.

 

Amendments and Waivers.
Except as otherwise provided herein, no modification, amendment or waiver of any provision of this Agreement shall be effective
against the Company

 

    26 

     

    

or any Holder unless such modification,
amendment or waiver is approved in writing by the Company and the Holders holding a majority of the Registrable Securities then
held by all Holders; provided that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely
affects one Holder, solely in its capacity as a Holder of Registrable Securities, in a manner that is materially different from
the other Holders (in such capacity) shall require the consent of the Holder so affected. No waiver of any of the provisions of
this Agreement shall be deemed to or shall constitute a waiver of any other provision hereof (whether or not similar). No failure
or delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof or of
any other or future exercise of any such right, power or privilege.

 

Notices. All
notices, demands and other communications to be given or delivered under or by reason of the provisions of this Agreement shall
be in writing and shall be deemed to have been given (i) if personally delivered, on the date of delivery, (ii) if delivered
by express courier service of national standing (with charges prepaid), on the Business Day following the date of delivery to such
courier service, (iii) if deposited in the United States mail, first-class postage prepaid, on the fifth (5th) Business Day
following the date of such deposit, (iv) if delivered by facsimile transmission, upon confirmation of successful transmission,
(x) on the date of such transmission, if such transmission is completed at or prior to 5:00 p.m., local time of the recipient
party on a Business Day, and (y) on the next Business Day following the date of transmission, if such transmission is completed
after 5:00 p.m., local time of the recipient party, or is transmitted on a day that is not a Business Day, or (v) if via e-mail
communication, on the date of delivery. All notices, demands and other communications hereunder shall be delivered as set forth
below and to any subsequent holder of Stock subject to this Agreement at such address as indicated by the Company’s records,
or pursuant to such other instructions as may be designated in writing by the party to receive such notice:

 

if to the Company, to:

 

23andMe Holding Co.

223 North Mathilda Avenue 

Sunnyvale, CA 94086

Attention: Kathy Hibbs, Chief Legal and

Regulatory Officer

Email: khibbs@23andme.com

 

if to any Holder, to the address
set forth opposite the name of such Holder on the signature pages hereto or such other address indicated in the records of the
Company.

 

Successors and Assigns.
Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of and be enforceable by the
parties hereto and the respective successors, permitted assigns, heirs and personal representatives of the parties hereto, whether
so expressed or not. This Agreement may not be assigned by the Company without the prior written consent of the Holders. No Holder
shall have the right to assign all or part of its or his rights and obligations under this Agreement to any Person without the
consent of the Company and unless such Person duly executes and delivers to the Company a Joinder Agreement. Upon any such assignment,
such assignee shall have and be able to exercise and enforce all rights of the assigning Holder which are assigned to it and, to
the extent such rights are assigned, any reference

 

    27 

     

    

to the assigning Holder shall be treated
as a reference to the assignee. If any Holder shall acquire additional Registrable Securities, such Registrable Securities shall
be subject to all of the terms, and entitled to all the benefits, of this Agreement. Additional Persons may become parties to this
Agreement as Holders with the consent of the Company (not to be unreasonably withheld or delayed), by executing and delivering
to the Company the Joinder Agreement.

 

4.7.       Termination.

 

(a)       The
obligations of the Company and a Holder under this Agreement, in each case solely with respect to such Holder, will terminate upon
the earlier of:

 

(i)       the
date on which such Holder no longer holds any Registrable Securities; or

 

(ii)       the
later of (A) the date on which such Holder no longer beneficially owns at least 1% of the then outstanding Class A Common Stock
or Class A Common Stock Equivalents, and such Holder (notwithstanding any beneficial ownership of Class A Common Stock or Class
A Common Stock Equivalents by such Holder) is not an Affiliate of the Company and (B) the date on which such the Holder is eligible
to sell its Registrable Securities pursuant to Rule 144 (without limitation as to volume or manner of sale).

 

(b)       This
Agreement shall terminate on the date that is seven (7) years from date hereof.

 

(c)       Notwithstanding
clauses (a) and (b) above, Section 2.5, Section 2.9, Section 4.9 and Section 4.13
shall survive termination of this Agreement.

 

Entire Agreement.
This Agreement and the other documents referred to herein or delivered pursuant hereto which form part hereof constitute the entire
agreement and understanding between the parties hereto and supersedes all prior agreements and understandings relating to the subject
matter hereof.

 

4.9.       Governing
Law; Jurisdiction; Waiver of Jury Trial.

 

(a)       This
Agreement will be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to the
principles of conflict of laws thereof.

 

(b)       Any
suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this
Agreement may be brought against any of the parties in the United States District Court for the Southern District of New York or
any New York state court located in New York, New York, and each of the parties hereby consents to the exclusive jurisdiction of
such court (and of the appropriate appellate courts) in any such suit, action or proceeding and waives any objection to venue laid
therein. Process in any such suit, action or proceeding may be served on any party anywhere in the world, whether within or without
the jurisdiction of any such court. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN
ANY LEGAL PROCEEDING ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT.

 

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4.10.       Interpretation;
Construction.

 

(a)       The
table of contents and headings in this Agreement are for convenience of reference only, do not constitute part of this Agreement
and shall not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made
to a Section, such reference shall be to a Section of this Agreement unless otherwise indicated. Whenever the words “include,”
“includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words
“without limitation.”

 

(b)       The
parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent
or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden
of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

Counterparts.
This Agreement may be executed and delivered in any number of separate counterparts (including by facsimile or electronic mail),
each of which shall be an original, but all of which together shall constitute one and the same agreement.

 

Severability.
The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect
the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to
any person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor
in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision
and (b) the remainder of this Agreement and the application of such provision to other persons or circumstances shall not
be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability
of such provision, or the application thereof, in any other jurisdiction.

 

Specific Enforcement.
It is agreed and understood that monetary damages would not adequately compensate an injured party for the breach of this Agreement
by any party hereto and, accordingly, that this Agreement shall be specifically enforceable, in addition to any other remedy to
which such injured party is entitled at law or in equity, and that any breach of this Agreement shall be the proper subject of
a temporary or permanent injunction or restraining order. Further, each party hereto waives any claim or defense that there is
an adequate remedy at law for such breach or threatened breach or an award of specific performance is not an appropriate remedy
for any reason at law or equity and agrees that a party’s rights would be materially and adversely affected if the obligations
of the other parties under this Agreement were not carried out in accordance with the terms and conditions hereof. Each party further
agrees that no party shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition
to obtain any remedy referred to in this Section 4.13, and each party irrevocably waives any right it may have to require
the obtaining, furnishing or posting of any such bond or similar instrument.

 

Further Assurances.
Each party hereto shall do and perform or cause to be done and performed all such further acts and things and shall execute and
deliver all such other agreements, certificates, instruments, and documents as any other party hereto reasonably may request in
order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

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Confidentiality.
Each Holder agrees that any non-public information which they may receive relating to the Company and its Subsidiaries (the “Confidential
Information”) will be held strictly confidential and will not be disclosed by it to any Person without the express written
permission of the Company; provided, however, that the Confidential Information may be disclosed (i) in the event of any compulsory
legal process or compliance with any applicable law, subpoena or other legal process, as required by an administrative requirement,
order, decree or the rules of any relevant stock exchange or in connection with any filings that the Holder may be required to
make with any regulatory authority; provided, however, that in the event of compulsory legal process, unless prohibited by applicable
law or that process, each Holder agrees (A) to give the Company prompt notice thereof and to cooperate with the Company in securing
a protective order in the event of compulsory disclosure and (B) that any disclosure made pursuant to public filings will be subject
to the prior reasonable review of the Company, (ii) to any foreign or domestic governmental or quasi-governmental regulatory
authority, including any stock exchange or other self-regulatory organization having jurisdiction over such party, (iii) to
each Holder’s or its Affiliate’s, officers, directors, employees, partners, accountants, lawyers and other professional
advisors for use relating solely to management of the investment or administrative purposes with respect to such Holder and (iv) to
a proposed transferee of securities of the Company held by a Holder; provided, however, that the Holder informs the proposed transferee
of the confidential nature of the information and the proposed transferee agrees in writing to comply with the restrictions in
this Section 4.15 and delivers a copy of such writing to the Company.

 

Opt-Out Requests.
Each Holder shall have the right, at any time and from time to time (including after receiving information regarding any potential
public offering), to elect to not receive any notice that the Company or any other Holders otherwise are required to deliver pursuant
to this Agreement by delivering to the Company a written statement signed by such Holder that it does not want to receive any notices
hereunder (an “Opt-Out Request”); in which case and notwithstanding anything to the contrary in this Agreement
the Company and other Holders shall not be required to, and shall not, deliver any notice or other information required to be provided
to Holders hereunder to the extent that the Company or such other Holders reasonably expect would result in a Holder acquiring
material non-public information within the meaning of Regulation FD promulgated under the Exchange Act. An Opt-Out Request may
state a date on which it expires or, if no such date is specified, shall remain in effect indefinitely. A Holder who previously
has given the Company an Opt-Out Request may revoke such request at any time, and there shall be no limit on the ability of a Holder
to issue and revoke subsequent Opt-Out Requests; provided that each Holder shall use commercially reasonable efforts to
minimize the administrative burden on the Company arising in connection with any such Opt-Out Requests.

 

Original Registration
Rights Agreement. The Sponsor hereby agrees that upon execution of this Agreement by the Sponsor, the Original Registration
Rights Agreement shall be automatically terminated and superseded in its entirety by this Agreement.

 

[Remainder of Page Intentionally Left Blank]

 

    30 

     

    

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

 

	 	THE COMPANY:
	 	 
	 	23ANDME HOLDING CO.,

a Delaware corporation
	 	 
	 	By: 	
	 	 	Name:
	 	 	Title:

  

 

[Signature
Page to Amended and Registration Rights Agreement]

 

     

     

    

 

	 	HOLDERS
	 	 
	 	VG
Acquisition Sponsor LLC,

a
Cayman Islands limited liability company

	 	 
	 	By: 	
	 	 	Name:
	 	 	Title:
	 	 	 
	 	[OTHER HOLDERS]

  

 

[Signature
Page to Amended and Registration Rights Agreement]

 

     

     

    

Exhibit A

 

JOINDER AGREEMENT

 

This Joinder Agreement
(this “Joinder Agreement”) is made as of [ ], by [and among [            ]
(the “Transferring Holder”) and] [          ] (the
“New Holder”), in accordance with that certain Amended and Restated Registration Rights Agreement, dated as
of [●], 2021 (as amended from time to time, the “Agreement”), by and among 23andMe Holding Co.
(the “Company”) and the other Holders party thereto.

 

WHEREAS, the
Agreement requires the New Holder to become a party to the Agreement by executing this Joinder Agreement, and upon the New Holder
signing this Joinder Agreement, the Agreement will be deemed to be amended to include the New Holder as a Holder thereunder;

 

NOW, THEREFORE,
in consideration of the foregoing, and of the representations, warranties, covenants and agreements contained herein, and intending
to be legally bound hereby, the parties hereto agree as follows:

 

Section 1.Party
to the Agreement. By execution of this Joinder Agreement, as of the date hereof the New Holder is hereby made a party to the
Agreement as a Holder. The New Holder hereby agrees to become a party to the Agreement and to be bound by, and subject to, all
of the representations, covenants, terms and conditions of the Agreement in the same manner as if the New Holder were an original
signatory to the Agreement. Execution and delivery of this Joinder Agreement by the New Holder shall also constitute execution
and delivery by the New Holder of the Agreement, without further action of any party.

 

Section 2.Defined
Terms. Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement unless otherwise noted.

 

Section 3.Representations
and Warranties of the New Holder.

 

3.1.       Authorization.
The New Holder has all requisite power and authority and has taken all action necessary in order to duly and validly approve the
New Holder’s execution and delivery of, and performance of its obligations under, this Joinder Agreement. This Joinder Agreement
has been duly executed and delivered by the New Holder and constitutes a legal, valid and binding agreement of the New Holder,
enforceable against the New Holder in accordance with its terms.

 

3.2.       No
Conflict. The New Holder is not under any obligation or restriction, nor shall it assume any such obligation or restriction,
that does or would materially interfere or conflict with the performance of its obligations under this Joinder Agreement.

 

Section 4.Further
Assurances. The parties agree to execute and deliver any further instruments or perform any acts which are or may become necessary
to effectuate the purposes of this Joinder Agreement.

 

    Exhibit A-1 

     

    

Section 5.Governing
Law. This Joinder Agreement will be governed by, and construed in accordance with, the laws of the State of New York, without
giving effect to the principles of conflict of laws thereof.

 

Section 6.Counterparts.
This Joinder Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the
same amendatory instrument.

 

Section 7.Entire
Agreement. This Joinder Agreement and the Agreement contain the entire understanding, whether oral or written, of the parties
hereto with respect to the matters covered hereby. Any amendment or change in this Joinder Agreement shall not be valid unless
made in writing and signed by each of the parties hereto.

 

[Signature pages follow]

 

    Exhibit A-2 

     

    

Exhibit A

 

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned parties have executed this Joinder Agreement as of the date first above written.

 

 

	 	[TRANSFERRING HOLDER]
	 	 
	 	[            ]

	 	 
	 	By: 	
	 	 	Name:
	 	 	Title:

 

	 	NEW HOLDER
	 	 
	 	[            ]

	 	 
	 	By: 	
	 	 	Name:
	 	 	Title:

 

	 	Notice Address: [          ]
	 	[            ]
	 	[            ]

	 	 
	 	Attn: [                            ]
	 	Facsimile: [                        ]
	 		
	 	 	
	 	 	

     

Accepted and Agreed to as of

the date first written above:

 

 

	COMPANY:
	

23ANDME HOLDING CO.
	 
	By: 	
	 	Name:
	 	Title:

 

 

 

    Exhibit A-3

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