Document:

Exhibit 10.1

 

EXECUTION

 

PURCHASE AGREEMENT

 

This PURCHASE AGREEMENT
(this “Agreement”) is made and entered into as of July 9, 2019, by and among Social Capital Hedosophia Holdings
Corp., a Cayman Islands exempted company limited by shares, which shall deregister as a Cayman Islands exempted company and continue
and domesticate (the “Domestication”) as Virgin Galactic Holdings, Inc., a Delaware corporation prior to the
closing of the Merger (defined below) (the “Company”), Chamath Palihapitiya (the “CP Holder”),
and Vieco 10 Limited, a company limited by shares under the laws of the British Virgin Islands (the “Holder”).

 

WHEREAS, as set forth
in that certain Agreement and Plan of Merger, dated as of the date hereof (the “Merger Agreement”), by and among
the Company, Foundation Sub 1, Inc., a Delaware corporation (“Merger Sub A”), Foundation Sub 2, Inc., a Delaware
corporation (“Merger Sub B”), Foundation Sub, LLC, a Delaware limited liability company (“Merger Sub
LLC” and, together with Merger Sub A and Merger Sub B, the “Merger Subs”), TSC Vehicle Holdings, Inc.,
a Delaware corporation (“TSCV”), Virgin Galactic Vehicle Holdings, Inc., a Delaware corporation (“VGVH”),
and VGH, LLC, a Delaware limited liability company (“VGH”), and the Holder, the parties thereto have agreed,
among other things, and in accordance with the terms and subject to the conditions set forth in the Merger Agreement, that following
the Domestication, (i) Merger Sub A is to merge with and into TSCV, with TSCV continuing on as the surviving entity, (ii) Merger
Sub B is to merge with and into VGVH, with VGVH continuing on as the surviving entity and (iii) Merger Sub LLC is to merge with
and into VGH, with VGH continuing on as the surviving entity (collectively, the “Mergers” together with the
Domestication, the “Business Combination”);

 

WHEREAS, concurrently
with the Business Combination, the CP Holder has agreed to, subject to the terms and conditions of this Agreement, (i) subject
to clause (ii) below, purchase a number shares, as further described below, of the Company’s common stock, par value $0.0001
per share (the “Common Stock”) from the Holder in exchange for cash; or (ii) at the option of the Holder, instead
reduce the number of shares purchased from the Holder and contribute such cash directly to the Company in exchange for a number
of shares of Common Stock, as further described below.

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and agreements herein contained and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto hereby
agree as follows:

 

1.            Holder’s
Option. The Holder must elect to exercise one (and only one) of the following options in connection with the consummation of
the Business Combination:

 

(a)           Primary
Purchase. At the Holder’s option, to be elected in writing and delivered to the CP Holder and the Company at least one
(1) Business Day prior to the consummation of the Business Combination (the “Closing Date”), concurrently with
the consummation of the Business Combination, the CP Holder hereby agrees to purchase from the Company up to 10,000,000 newly-issued
shares of Common Stock (the “Primary Shares”) at a price of $10.00 per share for an aggregate purchase price
of up to $100,000,000.00 (the “Primary Purchase Price”) on the terms provided for herein (the “Primary
Purchase”).

 

    			 

     

    

 

(b)         Secondary
Purchase. At the Holder’s option, to be elected in writing and delivered to the CP Holder and the Company at least one
(1) Business Day prior to the Closing Date, concurrently with the consummation of the Business Combination, the CP Holder hereby
agrees to purchase from the Holder up to 10,000,000 shares of Common Stock (the “Secondary Shares” together
with the Primary Shares, the “CP Holder Shares”) at a price of $10.00 per share for an aggregate purchase price
of up to $100,000,000.00 (the “Secondary Purchase Price” together with the Primary Purchase Price, the “CP
Holder Purchase Price”) on the terms provided herein (the “Secondary Purchase” together with the Primary
Purchase, the “CP Holder Purchase”).

 

(c)          Secondary
Purchase with Reinvestment. At the Holder’s option, to be elected in writing and delivered to the CP Holder and the Company
at least one (1) Business Day prior to the Closing Date, concurrently with the consummation of the Business Combination:

 

(i)           the
CP Holder hereby agrees to purchase from the Holder up to 10,000,000 Secondary Shares at the Secondary Purchase Price on the terms
provided herein; and

 

(ii)          the
Holder may use all or a portion of the proceeds of the Secondary Purchase pursuant to Section 1(c)(i), to purchase from
the Company up to 10,000,000 (but in no event to exceed the number of Secondary Shares purchased in the Secondary Purchase pursuant
to Section 1(c)(i)) newly-issued shares of Common Stock (the “Reinvestment Shares” together with the
CP Holder Shares, the “Shares”) at a price of $10.00 per share for an aggregate purchase price of up to $100,000,000.00
(the “Reinvestment Purchase Price”) on the terms provided for herein (the “Reinvestment”
together with the CP Holder Purchase, the “Investment”).

 

(d)         Primary
Purchase and Secondary Purchase. Subject to Section 2(a) below, at the Holder’s option, to be elected in writing
and delivered to the CP Holder and the Company at least one (1) Business Day prior to the Closing Date, concurrently with the consummation
of the Business Combination:

 

(i)           the
CP Holder hereby agrees to purchase from the Company up to 10,000,000 Primary Shares at the Primary Purchase Price on the terms
provided for herein; and

 

(ii)          the
CP Holder hereby agrees to purchase from the Holder up to 10,000,000 Secondary Shares at the Secondary Purchase Price on the terms
provided herein.

 

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(e)          Primary
Purchase and Secondary Purchase with Reinvestment. Subject to the satisfaction of the conditions set forth in Section 2(a)
below, at the Holder’s option, to be elected in writing and delivered to the CP Holder and the Company at least one (1) Business
Day prior to the Closing Date, concurrently with the consummation of the Business Combination:

 

(i)           the
CP Holder hereby agrees to purchase from the Company up to 10,000,000 Primary Shares at the Primary Purchase Price on the terms
provided for herein;

 

(ii)          the
CP Holder hereby agrees to purchase from the Holder up to 10,000,000 Secondary Shares at the Secondary Purchase Price on the terms
provided herein; and

 

(iii)         the
Holder may use all or a portion of the proceeds of the Secondary Purchase pursuant to Section 1(e)(ii), to purchase from
the Company up to 10,000,000 (but in no event to exceed the number of Secondary Shares purchased in the Secondary Purchase pursuant
to Section 1(e)(ii)) Reinvestment Shares at the Reinvestment Purchase Price on the terms provided for herein.

 

2.            Qualifications.
Notwithstanding anything to the contrary in this Agreement:

 

(a)          If
the Holder makes an election pursuant to Section 1(d) or Section 1(e):

 

(i)           the
number of Secondary Shares purchased by the CP Holder in such Secondary Purchase shall be reduced by the number of Primary Shares
purchased by the CP Holder in the Primary Purchase (if any), such that the total number of CP Holder Shares shall, in any case,
be equal to 10,000,000; and

 

(ii)           the
Secondary Purchase Price shall be reduced by an amount equal to the Primary Purchase Price (if any), such that the total CP Holder
Purchase Price shall, in any case, be equal to $100,000,000.00.

 

(b)          For
the avoidance of doubt, in no event will the CP Holder be required to purchase more than 10,000,000 shares or fund more than $100,000,000
pursuant to Section 1.

 

(c)          Nothing
in this Agreement shall limit or modify the Holder’s rights under the Merger Agreement with respect to the purchase of shares
of Common Stock.

 

(d)          If
the condition to closing set forth in Section 10.3(d) of the Merger Agreement is not satisfied or validly waived prior to or concurrently
with the Closing, then the Holder shall not have the right to exercise any option under Section 1.

 

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3.            Closing.

 

(a)          Subject
to the terms and conditions of this Agreement, the closing of the transactions contemplated by the Holder’s election to exercise
one of its options pursuant to Section 1 (the “Closing”) shall take place concurrently with the consummation
of the Business Combination. At the applicable Closing:

 

(i)            if
any Secondary Shares are to be purchased by the CP Holder in the Secondary Purchase, (x) the CP Holder shall deliver to the Holder
the Secondary Purchase Price by wire transfer of immediately available funds to an account designated by the Holder in writing
prior to the applicable Closing and (y) the Holder shall deliver (or cause to be delivered) the Secondary Shares in book entry
form to the CP Holder or to a custodian designated by the CP Holder prior to the applicable Closing;

 

(ii)           if
any Primary Shares are to be purchased by the CP Holder in the Primary Purchase, (x) the CP Holder shall deliver to the Company
the Primary Purchase Price by wire transfer of immediately available funds to an account designated by the Company in writing prior
to the Closing and (y) the Company shall deliver (or cause to be delivered) the Primary Shares in book entry form to the CP Holder
or to a custodian designated by the CP Holder prior to the Closing; and

 

(iii)          if
any Reinvestment Shares are to be purchased by the Holder in the Reinvestment, (x) the Holder shall deliver to the Company the
Reinvestment Purchase Price by wire transfer of immediately available funds to an account designated by the Company in writing
prior to the Closing and (y) the Company shall deliver (or cause to be delivered) the Reinvestment Shares in book entry form to
the Holder or to a custodian designated by the Holder prior to the Closing.

 

(b)          The
applicable Closing shall be subject to the conditions that, on the Closing Date:

 

(i)            the
Business Combination has been consummated;

 

(ii)           (x)
with respect to the Company solely with respect to a Closing of the transactions contemplated by Section 1(c) or Section
1(e), that all representations and warranties of the Holder contained in this Agreement shall be true and correct in all material
respects as of the Closing Date (except with respect to such representations and warranties which speak as to an earlier date,
which representations and warranties shall be true and correct in all material respects at and as of such date, except for changes
after the date of this Agreement which are contemplated or expressly permitted by this Agreement or the Merger Agreement), except
for, in each case, inaccuracies in the representations and warranties of the Holder which would not preclude the ability of the
Company to consummate the transactions contemplated hereby, and consummation of the applicable Closing shall constitute a reaffirmation
by the Holder of each of the representations, warranties and agreements of the Holder contained in this Agreement as of the applicable
Closing Date; (y) with respect to the CP Holder solely with respect to a Closing of the transactions contemplated by Section
1(b), Section 1(c), Section 1(d) or Section 1(e), that all representations and warranties of the Holder contained
in this Agreement shall be true and correct in all material respects as of the Closing Date (except with respect to such representations
and warranties which speak as to an earlier date, which representations and warranties shall be true and correct in all material
respects at and as of such date, except for changes after the date of this Agreement which are contemplated or expressly permitted
by this Agreement or the Merger Agreement), except for, in each case, inaccuracies in the representations and warranties of the
Holder which would not preclude the ability of the CP Holder to consummate the transactions contemplated hereby, and consummation
of the applicable Closing shall constitute a reaffirmation by each of the Company and the Holder of each of the representations,
warranties and agreements of the Holder contained in this Agreement as of the Closing Date; and (z) with respect to the Holder,
that all representations and warranties of the Company and the CP Holder contained in this Agreement shall be true and correct
in all material respects as of the Closing Date (except with respect to such representations and warranties which speak as to an
earlier date, which representations and warranties shall be true and correct in all material respects at and as of such date, except
for changes after the date of this Agreement which are contemplated or expressly permitted by this Agreement or the Merger Agreement),
and consummation of the applicable Closing shall constitute a reaffirmation by each of the Company and the CP Holder of each of
the representations, warranties and agreements of each such party contained in this Agreement as of the Closing Date;

 

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(iii)        all
specified waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended shall have expired or been
terminated and there shall not be in force any statute, rule or regulation or order, judgment, injunction, decree, writ, stipulation,
determination or award, in each case, entered by or with any federal, state, provincial, municipal, local or foreign government,
governmental authority, regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality,
court or tribunal, enjoining or prohibiting the consummation of the transactions contemplated by this Agreement on the terms and
conditions set forth herein; and

 

(iv)        no
suspension of the qualification of the Shares for offering or sale or trading in any jurisdiction or initiation or threatening
of any proceedings for any of such purposes, shall have occurred.

 

(c)          At
the applicable Closing, the parties hereto shall execute and deliver such additional documents and take such additional actions
as the parties reasonably may deem to be practical and necessary in order to consummate the transactions contemplated by this Agreement,
including the Investment, on the terms and conditions set forth herein.

 

4.            Company
Representations and Warranties. The Company represents and warrants to the Holder and, solely to the extent of a Closing of
the transactions contemplated by Section 1(a), Section 1(d) or Section 1(e), to the CP Holder, that:

 

(a)          Qualification
and Organization of the Company. As of the date of this Agreement, the Company has been duly incorporated as an exempted company
in good standing under the laws of the Cayman Islands. Subject to obtaining the approvals (the “Required Approvals”)
in connection with the Company’s performance of the Merger Agreement, this Agreement and the transactions contemplated thereby
and hereby, including the Investment (collectively, the “Transactions”), the Company has all requisite corporate
power and authority to enter into this Agreement, to carry on its business as presently conducted and perform its obligations hereunder
and to consummate the Transactions, including the issuance and sale of the Shares as contemplated by this Agreement. As of the
applicable Closing Date, the Company will be duly incorporated and validly existing as a corporation in good standing under the
laws of the State of Delaware, with all requisite corporate power and authority to enter into this Agreement, to carry on its business
as presently conducted and perform its obligations hereunder and to consummate the Transactions. This Agreement has been duly executed
and delivered by the Company, and (assuming due authorization, execution and delivery by the CP Holder and the Holder) this Agreement
constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms,
except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’
rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in
equity). Except for its ownership of Merger Subs, prior to giving effect to the Transactions, the Company does not own, directly
or indirectly, any capital stock or other equity interests in any entity or person and does not have any subsidiaries.

 

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(b)          Capitalization
of the Company. As of the Closing Date, the Company will have the capitalization set forth in the Company’s proxy statement/prospectus
included in its Registration Statement on Form S-4 (the “Registration Statement”) as filed with the Securities
and Exchange and mailed to shareholders of the Company in connection with the Transactions (the “Proxy Statement/Prospectus”),
after giving effect to the domestication proposal set forth therein. Except as described in the Proxy Statement/Prospectus there
are no outstanding warrants, options, convertible securities or other rights, agreements or arrangements of any character under
which the Company is or may be obligated to issue any equity securities. Except as described in the Proxy Statement/Prospectus,
there are no voting agreements, buy-sell agreements, option or right of first purchase agreements or other agreements of any kind
among the Company and any of the shareholders of the Company relating to the securities of the Company held by them. Except as
described in the Proxy Statement/Prospectus and in this Agreement, no person or other legal entity has the right to require the
Company to register any securities of the Company under the Securities Act of 1933, as amended (the “Securities Act”),
whether on a demand basis or in connection with the registration of securities of the Company for its own account or for the account
of any other person or legal entity.

 

(c)          Valid
Issuance. Subject to obtaining the Required Approvals, as of the Closing Date, the Shares will be duly authorized and, when
issued and delivered to the CP Holder and the Holder, as applicable, against full payment of the Primary Purchase Price and the
Reinvestment Purchase Price, respectively, will have been duly authorized and validly issued, fully paid and non-assessable and
will not have been issued in violation of or subject to any preemptive or similar rights created under the Company’s certificate
of incorporation and bylaws or under applicable law.

 

(d)          No
Conflict. Subject to obtaining the Required Approvals, the issuance and sale of the Shares and the compliance by the Company
with all of the provisions of this Agreement and the transactions contemplated hereby will be performed in accordance with the
rules of the New York Stock Exchange (the “NYSE”) and will not conflict with or result in a breach or violation
of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge
or encumbrance upon any of the property or assets of the Company, after giving effect to the Transactions, pursuant to the terms
of (i) any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which the Company
is a party or by which the Company is bound or to which any of the property or assets of the Company is subject, that would have
a material adverse effect on the business, properties, financial condition, stockholders’ equity or results of operations
(a “Material Adverse Effect”) of the Company or the legal authority of the Company to comply in all material
respects with the terms of this Agreement; (ii) result in any violation of the provisions of the organizational documents of the
Company; or (iii) result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental
agency or body, domestic or foreign, having jurisdiction over the Company or any of its properties, that would have a Material
Adverse Effect on the Company or the legal authority of the Company to comply with this Agreement.

 

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(e)          Brokers
and Finders. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission
in connection with the issuance and sale of the Shares contemplated hereby based upon arrangements made by or on behalf of the
Company, other than as previously disclosed to the CP Holder and the Holder.

 

(f)            No
Other Representations or Warranties. The Company acknowledges that there have been no representations, warranties, covenants
and agreements made to the Company by the CP Holder or the Holder, or their respective officers or directors, expressly or by implication,
other than those representations, warranties, covenants and agreements included in this Agreement and the Merger Agreement.

 

5.            CP
Holder Representations and Warranties. The CP Holder represents and warrants to the Company and the Holder that:

 

(a)          Due
Execution. The CP Holder has all requisite power and authority to enter into this Agreement and perform his obligations hereunder.
This Agreement has been duly executed and delivered by the CP Holder, and (assuming due authorization, execution and delivery by
the Company and the Holder) this Agreement constitutes a legal, valid and binding obligation of the CP Holder, enforceable against
the CP Holder in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether
enforcement is sought in a proceeding at law or in equity).

 

(b)          No
Conflict. The Investment and compliance by the CP Holder with all applicable provisions of this Agreement will not result in
any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or
foreign, having jurisdiction over the CP Holder or any of his properties, that would materially affect the legal authority of the
CP Holder to comply with this Agreement.

 

(c)          Sufficiency
of Funds. From the date hereof through the Closing Date, the CP Holder has and will have sufficient funds on hand or readily
available from lenders pursuant to an existing credit facility to pay the CP Holder Purchase Price in accordance with the terms
of this Agreement. The CP Holder has provided to the Holder, as of the date hereof and as of the Closing Date, evidence of funds
available to him sufficient to pay the CP Holder Purchase Price in form reasonably satisfactory to the Holder.

 

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(d)          Status
and Investment Intent of the CP Holder. The CP Holder is an “accredited investor” (within the meaning of Rule 501(a)
under the Securities Act) and the CP Holder is acquiring the Shares for his own account for investment purposes only and not with
a view to any public distribution thereof or with any intention of selling, distributing or otherwise disposing of the Shares in
a manner that would violate the registration requirements of the Securities Act. The CP Holder acknowledges and agrees that (x)
the Shares have not been registered under the Securities Act and that except as contemplated in connection with the Transactions,
the Company is not required to register the Shares, and (y) the Shares may not be sold, transferred, offered for sale, pledged,
hypothecated or otherwise disposed of without registration under the Securities Act, except: (i) to the Company or a subsidiary
thereof, (ii) to non-U.S. persons pursuant to offers and sales that occur outside the United States within the meaning of Regulation
S under the Securities Act or (iii) pursuant to another applicable exemption from the registration requirements of the Securities
Act, and in each of cases (i) and (iii) in accordance with any applicable securities laws of the states and other jurisdictions
of the United States, and that any certificates representing the Shares shall contain a legend to such effect. The CP Holder is
able to bear the economic risk of holding the Shares for an indefinite period (including total loss of its investment), and has
sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risk of
his investment. The CP Holder acknowledges and affirms that, with the assistance of his advisors, he has conducted and completed
its own investigation, analysis and evaluation related to the investment in the Shares. The CP Holder has received or has had full
access to all the information it considers necessary or appropriate to make an informed investment decision with respect to the
Shares. The CP Holder acknowledges that nothing in this Agreement or any other materials presented to the CP Holder in connection
with the Investment constitutes legal, tax or investment advice. The CP Holder has consulted such legal, tax, accounting and investment
advisors as he, in his sole discretion, has deemed to be necessary or appropriate in connection with the Investment, and he relies
solely on such advisors and not on any statements or representations of the Company or the Holder or any of the agents or representatives
of the Company or the Holder with respect to such legal, tax, accounting and investment consequences. The CP Holder acknowledges
that he, and not the Company or the Holder, shall be responsible for his own tax liability that may arise as a result of the Investment
other than any tax liability arising from the breach of any representation, warranty or covenant contained herein.

 

(e)           Brokers
and Finders. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission
in connection with the issuance and sale of the Shares contemplated hereby based upon arrangements made by or on behalf of the
CP Holder, except as previously disclosed to the Company and the Holder.

 

(f)           No
Other Representations or Warranties. The CP Holder acknowledges that there have been no representations, warranties, covenants
and agreements made to the CP Holder by the Company or the Holder, or their respective officers or directors, expressly or by implication,
other than those representations, warranties, covenants and agreements included in this Agreement and the Merger Agreement.

 

6.            Holder
Representations and Warranties. The Holder represents and warrants, solely to the extent of a Closing of the transactions contemplated
by Section 1(c) or Section 1(e), to the Company, and, solely to the extent of a Closing of the transactions contemplated
by Section 1(b), Section 1(c), Section 1(d) or Section 1(e), to the CP Holder, that:

 

(a)           Qualification
and Organization of the Holder. The Holder is a company limited by shares under the laws of the British Virgin Islands, with
all requisite company power and authority to enter into this Agreement, to carry on its business as presently conducted and perform
its obligations hereunder. The execution and delivery by the Holder of this Agreement, the performance by the Holder of its obligations
hereunder and the consummation by the Holder of the transactions contemplated hereby, including the Reinvestment, as applicable,
have been duly authorized by all requisite action on the part of the Holder. This Agreement has been duly executed and delivered
by the Holder, and (assuming due authorization, execution and delivery by the Company and the CP Holder) this Agreement constitutes
a legal, valid and binding obligation of the Holder, enforceable against the Holder in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’
rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in
equity).

 

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(b)          No
Conflict. The Investment and compliance by the Holder with all applicable provisions of this Agreement will not result in any
violation of the provisions of the organizational documents of the Holder or result in any violation of any statute or any judgment,
order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Holder
or any of its properties, that would materially affect the legal authority of the Holder to comply with this Agreement.

 

(c)          Ownership
of Secondary Shares. At the applicable Closing, the Holder will own, beneficially and of record, and will have valid title
to, and the right to transfer to the CP Holder, all of the Secondary Shares, free and clear of any lien, pledge, mortgage, security
interest, charge, restriction, adverse claim or other encumbrance of any kind or nature whatsoever (“Encumbrances”).
At the applicable Closing, upon delivery to the Holder of the Secondary Purchase Price, the CP Holder will acquire, and have valid
title to, the Secondary Shares, free and clear of any and all Encumbrances. No person has any written or oral agreement, arrangement
or understanding or option for, or any right or privilege (whether by law, preemption or contract) that is or is capable of becoming
an agreement, arrangement or understanding or option for, the purchase or acquisition from the Holder of any of the Secondary Shares.

 

(d)          Status
and Investment Intent of the Holder. The Holder is an institutional “accredited investor” (within the meaning of
Rule 501(a) under the Securities Act) and the Holder is acquiring the Reinvestment Shares for its own account for investment purposes
only and not with a view to any public distribution thereof or with any intention of selling, distributing or otherwise disposing
of the Reinvestment Shares in a manner that would violate the registration requirements of the Securities Act. The Holder acknowledges
and agrees that (x) the Reinvestment Shares have not been registered under the Securities Act and that except as contemplated in
connection with the Transactions, the Company is not required to register the Reinvestment Shares, and (y) the Reinvestment Shares
may not be sold, transferred, offered for sale, pledged, hypothecated or otherwise disposed of without registration under the Securities
Act, except: (i) to the Company or a subsidiary thereof, (ii) to non-U.S. persons pursuant to offers and sales that occur outside
the United States within the meaning of Regulation S under the Securities Act or (iii) pursuant to another applicable exemption
from the registration requirements of the Securities Act, and in each of cases (i) and (iii) in accordance with any applicable
securities laws of the states and other jurisdictions of the United States, and that any certificates representing the Reinvestment
Shares shall contain a legend to such effect. The Holder is able to bear the economic risk of holding the Reinvestment Shares for
an indefinite period (including total loss of its investment), and has sufficient knowledge and experience in financial and business
matters so as to be capable of evaluating the merits and risk of its investment. The Holder acknowledges and affirms that, with
the assistance of its advisors, it has conducted and completed its own investigation, analysis and evaluation related to the investment
in the Reinvestment Shares. The Holder has received or has had full access to all the information it considers necessary or appropriate
to make an informed investment decision with respect to the Reinvestment Shares. The Holder acknowledges that nothing in this Agreement
or any other materials presented to the Holder in connection with the Investment constitutes legal, tax or investment advice. The
Holder has consulted such legal, tax, accounting and investment advisors as it, in its sole discretion, has deemed to be necessary
or appropriate in connection with the Investment and it relies solely on such advisors and not on any statements or representations
of the Company or the CP Holder or any of the agents or representatives of the Company or the CP Holder with respect to such legal,
tax, accounting and investment consequences. The Holder acknowledges that it, and not the Company or the CP Holder, shall be responsible
for its own tax liability that may arise as a result of the Investment other than any tax liability arising from the breach of
any representation, warranty or covenant contained herein.

  

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(e)          Brokers
and Finders. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission
in connection with the issuance and sale of the Shares contemplated hereby based upon arrangements made by or on behalf of the
Holder, except as previously disclosed to the Company and the CP Holder.

 

(f)           No
Other Representations or Warranties. The Holder acknowledges that there have been no representations, warranties, covenants
and agreements made to the Holder by the Company or the CP Holder, or their respective officers or directors, expressly or by implication,
other than those representations, warranties, covenants and agreements included in this Agreement and the Merger Agreement.

 

7.            Securities
Law Matters.

 

(a)          Legends.
It is understood that, except as provided below, book entry accounts evidencing the Shares may bear the following or similar legends:

 

THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
OR ANY STATE SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE ISSUER THAT THESE
SECURITIES MAY BE OFFERED, SOLD, OR OTHERWISE TRANSFERRED ONLY (A) TO THE ISSUER OR A SUBSIDIARY THEREOF, (B) PURSUANT TO REGISTRATION
UNDER THE SECURITIES ACT, (C) OUTSIDE THE UNITED STATES PURSUANT TO REGULATION S UNDER THE SECURITIES ACT, (D) INSIDE THE UNITED
STATES PURSUANT TO THE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, OR (E)
IN A TRANSACTION THAT IS OTHERWISE EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, AND IN EACH CASE IN COMPLIANCE
WITH APPLICABLE STATE SECURITIES LAWS AND THE APPLICABLE LAWS OF ANY OTHER JURISDICTION.

 

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(b)          Removal
of Legends. Notwithstanding the foregoing, the CP Holder and the Holder shall be entitled to receive from the Company a like
number of shares not bearing such legend upon the request of the CP Holder or the Holder, as applicable, (i) at such time as such
restrictions are no longer applicable and (ii) with respect to the restriction on transfer of such shares under the Securities
Act, the delivery of a customary opinion of counsel to the CP Holder or the Holder, as applicable, which opinion is reasonably
satisfactory in form and substance to the Company and its counsel, that the restriction referenced in such legend is no longer
required in order to ensure compliance with the Securities Act.

 

8.           NYSE
Listing. As of the Closing Date, the Company shall have prepared and filed with the NYSE a listing application (which may be
an additional shares listing application) covering all of the Shares and the Shares shall have been approved for listing on NYSE,
subject to official notice of issuance.

 

9.           Miscellaneous.

 

(a)          Notices.
All notices and other communications among the parties shall be in writing and shall be deemed to have been duly given (i) when
delivered in person, (ii) when delivered after posting in the United States mail having been sent registered or certified mail
return receipt requested, postage prepaid, (iii) when delivered by FedEx or other nationally recognized overnight delivery service,
or (iv) when delivered by email (in each case in this clause (iv), solely if receipt is confirmed and, in the case of email, excluding
any automated reply, such as an out-of-office notification), addressed as follows:

 

if to the Company to:

 

Social Capital Hedosophia Holdings
Corp.

120 Hawthorne Avenue

Palo Alto, California

Attention:     Steve
Trieu

Email:           steve@socialcapital.com

 

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

 

Skadden, Arps, Slate, Meagher &
Flom LLP

Four Times Square

New York, New York 10036

Attention:      Howard
L. Ellin

Christopher
M. Barlow

Email:           howard.ellin@skadden.com

                     christopher.barlow@skadden.com

 

    	 	11	 

     

    

 

if to the CP Holder to:

 

Cooley LLP

1299 Pennsylvania Avenue, NW, Suite
700

Washington, DC 20004-2400

Attention:     Robert
D. Sanchez

Email:           rdsanchez@cooley.com

 

If to the Holder to:

 

Vieco 10 Limited

Craigmuir Chambers

PO Box 71

Road Town

Tortola

British Virgin Islands

Email:           vghl@harneys.com

 

with copies to (which shall not
constitute notice):

 

Virgin Management USA, Inc.

65 Bleecker Street, 6th Floor

New York, NY 10012

Attention:     James
Cahillane, General Counsel

Email:           James.Cahillane@virgin.com

 

Latham & Watkins LLP

885 Third Avenue

New York, New York 10022

Attention:     Josh
Dubofsky

Justin
G. Hamill

Charles
K. Ruck

Email:           josh.dubofsky@lw.com

justin.hamill@lw.com

charles.ruck@lw.com

 

or to such other address or addresses as
the parties may from time to time designate in writing. Copies delivered solely to outside counsel shall not constitute notice.

 

(b)          Headings;
Counterparts. The headings in this Agreement are for convenience only and shall not be considered a part of or affect the construction
or interpretation of any provision of this Agreement. This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

(c)          Expenses.
Except as otherwise expressly provided herein, all costs and expenses, including, without limitation, fees and disbursements of
counsel, financial advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby
shall be paid by the party incurring such costs and expenses, whether or not the Closings shall have occurred.

 

    	 	12	 

     

    

 

(d)          Entire
Agreement; Third-Party Beneficiaries. This Agreement, together with the Merger Agreement, constitutes the entire agreement
among the parties relating to the transactions contemplated hereby and supersede any other agreements, whether written or oral,
that may have been made or entered into by or among any of the parties hereto relating to the transactions contemplated hereby.
Nothing expressed or implied in this Agreement is intended or shall be construed to confer upon or give any Person, other than
the parties hereto, any right or remedies under or by reason of this Agreement

 

(e)          Severability.
If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions
of this Agreement shall remain in full force and effect. The parties further agree that if any provision contained herein is, to
any extent, held invalid or unenforceable in any respect under the laws governing this Agreement, they shall take any actions necessary
to render the remaining provisions of this Agreement valid and enforceable to the fullest extent permitted by law and, to the extent
necessary, shall amend or otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable
with a valid and enforceable provision giving effect to the intent of the parties.

 

(f)          Governing
Law; Jurisdiction. This Agreement, and all claims or causes of action based upon, arising out of, or related to this Agreement
or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the laws of the State of Delaware,
without giving effect to principles or rules of conflict of laws to the extent such principles or rules would require or permit
the application of laws of another jurisdiction. Any proceeding or action based upon, arising out of or related to this Agreement
or the transactions contemplated hereby must be brought in the Court of Chancery of the State of Delaware (or, to the extent such
Court does not have subject matter jurisdiction, the Superior Court of the State of Delaware), or, if it has or can acquire jurisdiction,
in the United States District Court for the District of Delaware, and each of the parties irrevocably submits to the exclusive
jurisdiction of each such court in any such proceeding or action, waives any objection it may now or hereafter have to personal
jurisdiction, venue or to convenience of forum, agrees that all claims in respect of the proceeding or action shall be heard and
determined only in any such court, and agrees not to bring any proceeding or action arising out of or relating to this Agreement
or the transactions contemplated hereby in any other court. Nothing herein contained shall be deemed to affect the right of any
party to serve process in any manner permitted by law or to commence legal proceedings or otherwise proceed against any other party
in any other jurisdiction, in each case, to enforce judgments obtained in any action, suit or proceeding brought pursuant to this
Section 7(f).

 

(g)          Waiver
of Jury Trial. Each party acknowledges and agrees that any controversy which may
arise under this Agreement and the transactions contemplated hereby is likely to involve complicated and difficult issues, and
therefore each such party hereby irrevocably, unconditionally and voluntarily waives any right such party may have to a trial by
jury in respect of any action, suit or proceeding directly or indirectly arising out of or relating to this Agreement or any of
the transactions contemplated hereby.

 

    	 	13	 

     

    

 

(h)          Assignment.
No party hereto shall assign this Agreement or any part hereof without the prior written consent of the other parties and any such
transfer without prior written consent shall be void; provided that this Agreement and all of the Holder’s rights
and obligations hereunder may be transferred or assigned (each, a “Transfer”), at any time and from time to
time, to one or more affiliates of the Holder, in related or unrelated transactions; provided, further, that this
Agreement and all of the CP Holder’s rights and obligations hereunder may be Transferred, at any time and from time to time,
to one or more entities owned solely by the CP Holder and/or his immediate family members, in related or unrelated transactions;
provided, further, that, prior to any such Transfer, the applicable transferee shall execute and deliver a joinder
to this Agreement, in form reasonably acceptable to the non-transferring parties, to each of the non-transferring parties pursuant
to which such transferee agrees to be bound by the terms of this Agreement to the same extent as if an original party hereto; provided,
further, that no such Transfer will relieve any such transferor’s obligations under this Agreement. Subject to the
foregoing, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors
and assigns.

 

(i)          Publicity.

 

(i)          All
press releases or other public communications relating to the transactions contemplated hereby, and the method of the release for
publication thereof, shall prior to the applicable Closing be subject to the prior mutual approval of the CP Holder, the Holder
and the Company, which approval shall not be unreasonably withheld by any party; provided that no party shall be required
to obtain consent pursuant to this Section 7(i)(i) to the extent any proposed release or statement is substantially equivalent
to the information that has previously been made public without breach of the obligation under this Section 7(i).

 

(ii)         The
restriction in Section 7(i)(i) shall not apply to the extent the public announcement is required by applicable securities
law, any governmental authority or stock exchange rule; provided, however, that in such an event, the party making
the announcement shall use its commercially reasonable efforts to consult with the other parties in advance as to its form, content
and timing. Disclosures resulting from the parties’ efforts to obtain approval or early termination under the HSR Act and
to make any relating filing shall be deemed not to violate this Section 7(i).

 

(j)          Amendment
and Modification; Waiver. This Agreement may be amended or modified in whole or in part, only by a duly authorized agreement
in writing executed in the same manner as this Agreement and which makes reference to this Agreement. No waiver by any party of
any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. No waiver
by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by
such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure
to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed
as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other
or further exercise thereof or the exercise of any other right, remedy, power or privilege.

 

    	 	14	 

     

    

 

(k)         Enforcement.
The parties hereto agree that irreparable damage could occur in the event that any of the provisions of this Agreement were not
performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be
entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to seek specific enforcement of the terms
and provisions of this Agreement, in addition to any other remedy to which any party is entitled at law or in equity. In the event
that any action shall be brought in equity to enforce the provisions of this Agreement, no party shall allege, and each party hereby
waives the defense, that there is an adequate remedy at law, and each party agrees to waive any requirement for the securing or
posting of any bond in connection therewith.

 

(l)          Non-Recourse.
This Agreement may only be enforced against, and any claim or cause of action based upon, arising out of, or related to this Agreement
or the transactions contemplated hereby may only be brought against, the entities that are expressly named as parties hereto and
any express guarantor of any such party’s obligations hereunder and then only with respect to the specific obligations set
forth herein with respect to such party; provided, however, that the foregoing shall not relieve any party for liability
with respect to fraud.

 

(m)        Termination.
This Agreement shall terminate and be void and of no further force and effect and all rights and obligations of the parties hereunder
shall terminate without any further liability on the part of any party in respect thereof, upon the earlier to occur of (i) such
date and time as the Merger Agreement is terminated in accordance with its terms or (ii) upon the mutual written agreement of each
of the parties hereto to terminate this Agreement; provided, that nothing herein shall relieve any party from liability
for any willful breach hereof prior to the time of termination, and each party shall be entitled to any remedies at law or in equity
to recover losses, liabilities or damages arising from such breach.

 

(n)         HSR
Filing. In connection with the transactions contemplated hereby, each of Holder, CP Holder and the Company shall (and, to the
extent required, shall cause its Affiliates to) comply promptly but in no event later than ten (10) Business Days after the date
hereof with the notification and reporting requirements of the HSR Act (as defined in the Merger Agreement). Each of Holder, CP
Holder and the Company shall substantially comply with any Antitrust Information or Document Requests (in each case, as defined
in the Merger Agreement). Each of Holder, CP Holder and the Company shall (and, to the extent required, shall cause its Affiliates
to) request early termination of any waiting period under the HSR Act and exercise its reasonable best efforts to (i) obtain termination
or expiration of the waiting period under the HSR Act and (ii) prevent the entry, in any Legal Proceeding (as defined in the Merger
Agreement) brought by an Antitrust Authority (as defined in the Merger Agreement) or any other Person (as defined in the Merger
Agreement), of any Governmental Order (as defined in the Merger Agreement) which would prohibit, make unlawful or delay the consummation
of the transactions contemplated hereby.

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	15	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement or caused their duly authorized officers to execute this Agreement as of the date
first above written.

 

	 	Social Capital Hedosophia Holdings Corp.

 

	 	By:	/s/ Chamath Palihapitiya
	 	 	Name: Chamath Palihapitiya
	 	 	Title:    CEO

 

	 	Chamath Palihapitiya

 

	 	By:	/s/ Chamath Palihapitiya

 

	 	VIECO 10 LIMITED

 

	 	By:	/s/ George Whitesides
	 	 	Name: George Whitesides
	 	 	Title:   Director

 

[Signature Page
to Purchase Agreement]Exhibit 10.2

 

EXECUTION

 

SPONSOR SUPPORT AGREEMENT

 

This Sponsor Support
Agreement (this “Sponsor Agreement”) is dated as of July 9, 2019, by and among SCH Sponsor Corp., a Cayman Islands
exempted company (the “Sponsor Holdco”), the Persons set forth on Schedule I hereto (together with the
Sponsor Holdco, each, a “Sponsor” and, together, the “Sponsors”), Social Capital Hedosophia
Corp., a Cayman Islands exempted company limited by shares (which shall domesticate as a Delaware corporation prior to the Closing
(as defined in the Merger Agreement (as defined below))) (“Acquiror”), Vieco 10 Limited, a company limited by
shares under the laws of the British Virgin Islands (the “Holder”), TSC Vehicle Holdings, Inc., a Delaware corporation
(“TSCV”), Virgin Galactic Vehicle Holdings, Inc., a Delaware corporation (“VGVH”), and VGH,
LLC, a Delaware limited liability company (“VGH” and, together with TSCV and VGVH, the “Companies”
and each, a “Company”). Capitalized terms used but not defined herein shall have the respective meanings ascribed
to such terms in the Merger Agreement.

 

RECITALS

 

WHEREAS, as of the date
hereof, the Sponsors collectively are the holders of record and the “beneficial owners” (within the meaning of Rule
13d-3 under the Exchange Act) of 17,250,000 Acquiror Common Shares and 8,000,000 Acquiror Warrants in the aggregate as set forth
on Schedule I attached hereto;

 

WHEREAS, contemporaneously
with the execution and delivery of this Sponsor Agreement, Acquiror, Foundation Sub 1, Inc., a Delaware corporation (“Merger
Sub A”), Foundation Sub 2, Inc., a Delaware corporation (“Merger Sub B”), Foundation Sub LLC, a Delaware
limited liability company (“Merger Sub LLC” and, together with Merger Sub A and Merger Sub B, the “Merger
Subs” and each, a “Merger Sub”), the Holder and the Companies, have entered into an Agreement and
Plan of Merger (as amended or modified from time to time, the “Merger Agreement”), dated as of the date hereof,
pursuant to which, among other transactions, (i) Merger Sub A is to merge with and into TSCV, with TSCV continuing on as the surviving
entity, (ii) Merger Sub B is to merge with and into VGVH, with VGVH continuing on as the surviving entity and (iii) Merger Sub
LLC is to merge with and into VGH, with VGH continuing on as the surviving entity, in each case, on the terms and conditions set
forth therein; and

 

WHEREAS, as an inducement
to Acquiror, the Holder and the Companies to enter into the Merger Agreement and to consummate the transactions contemplated therein,
the parties hereto desire to agree to certain matters as set forth herein.

 

AGREEMENT

 

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

 

    			 

     

    

 

ARTICLE
I

SPONSOR
SUPPORT AGREEMENT; COVENANTS

 

Section 1.1        Binding
Effect of Merger Agreement.

 

 

(a)       Each
Sponsor hereby acknowledges that it has read the Merger Agreement and this Sponsor Agreement and has had the opportunity to consult
with its tax and legal advisors. Each Sponsor shall be bound by and comply with Sections 8.4 (No Solicitation by Acquiror)
and 13.11 (Publicity) of the Merger Agreement (and any relevant definitions contained in any such Sections) as if such Sponsor
was an original signatory to the Merger Agreement with respect to such provisions.

 

(b)       Each
Sponsor hereby agrees to use reasonable best efforts to (i) (A) as soon as practicable following the date hereof duly give notice
of the Extension Shareholders’ Meeting and (B) convene and hold the Extension Shareholders’ Meeting no earlier than
September 1, 2019 and no later than five (5) Business Days prior to the Extension Approval End Date and (ii) seek approval of the
Extension Proposals. Without limiting each Sponsor’s other obligations set forth herein, each Sponsor shall (x) appear at
the Extension Shareholders’ Meeting or otherwise cause all of its Acquiror Common Shares to be counted as present thereat
for purposes of calculating a quorum and (y) vote (or cause to be voted), or execute and deliver a written consent (or cause a
written consent to be executed and delivered) covering, all of its Acquiror Common Shares in favor of the Extension Proposals.
The obligations under this Section 1.1(b) shall apply mutatis mutandis to any additional Extension Shareholders’
Meeting pursuant to Section 9.2(c)(vi) of the Merger Agreement.

 

Section
1.2        No Transfer. During the period commencing on the date hereof and
ending on the earlier of (a) the consummation of the Closing and (b) the liquidation of Acquiror, each Sponsor shall not (i)
sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or
agree to dispose of, directly or indirectly, file (or participate in the filing of) a registration statement with the SEC
(other than the Joint Proxy Statement/Registration Statement) or establish or increase a put equivalent position or liquidate
or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, with respect to any Acquiror
Common Shares or Acquiror Warrants owned by such Sponsor, (ii) enter into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of any shares of Acquiror Common Shares or
Acquiror Warrants owned by such Sponsor or (iii) publicly announce any intention to effect any transaction specified in
clause (i) or (ii).

 

Section
1.3        New Shares. In the event that (a) any Acquiror Common Shares,
Acquiror Warrants or other equity securities of Acquiror are issued to a Sponsor after the date of this Sponsor Agreement
pursuant to any stock dividend, stock split, recapitalization, reclassification, combination or exchange of Acquiror Common
Shares or Acquiror Warrants of, on or affecting the Acquiror Common Shares or Acquiror Warrants owned by such Sponsor or
otherwise, (b) a Sponsor purchases or otherwise acquires beneficial ownership of any Acquiror Common Shares, Acquiror
Warrants or other equity securities of Acquiror after the date of this Sponsor Agreement, or (c) a Sponsor acquires the right
to vote or share in the voting of any Acquiror Common Shares or other equity securities of Acquiror after the date of this
Sponsor Agreement (such Acquiror Common Shares, Acquiror Warrants or other equity securities of Acquiror, collectively the
“New Securities”), then such New Securities acquired or purchased by such Sponsor shall be subject to
the terms of this Sponsor Agreement to the same extent as if they constituted the Acquiror Common Shares or Acquiror Warrants
owned by such Sponsor as of the date hereof.

 

    	 	2	 

     

    

 

Section
1.4       Closing Date Deliverables. On the Closing Date, the Sponsor Holdco and Chamath Palihapitiya shall deliver to
Acquiror and the Holder a duly executed copy of that certain Amended and Restated Registration Rights Agreement and that
certain Stockholders’ Agreement, in each case, by and among Acquiror, the Holder, the Sponsor Holdco and the CP Holder
(as defined therein), in substantially the forms attached as Exhibit C and Exhibit D to the Merger Agreement.

 

Section 1.5        Sponsor Agreements.

 

(a)       At
any meeting of the shareholders of Acquiror, however called, or at any adjournment thereof, or in any other circumstance in which
the vote, consent or other approval of the shareholders of Acquiror is sought, each Sponsor shall (i) appear at each such meeting
or otherwise cause all of its Acquiror Common Shares to be counted as present thereat for purposes of calculating a quorum and
(ii) vote (or cause to be voted), or execute and deliver a written consent (or cause a written consent to be executed and delivered)
covering, all of its Acquiror Common Shares:

 

(i)         in
favor of each Transaction Proposal and/or Extension Proposal;

 

(ii)        against
any Business Combination Proposal or any proposal relating to a Business Combination Proposal (in each case, other than the Transaction
Proposals and Extension Proposals);

 

(iii)       against
any merger agreement or merger (other than the Merger Agreement and the Merger), consolidation, combination, sale of substantial
assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by Acquiror;

 

(iv)       against
any change in the business, management or Board of Directors of Acquiror (other than in connection with the Transaction Proposals
or the Extension Proposals); and

 

(v)       against
any proposal, action or agreement that would (A) impede, frustrate, prevent or nullify any provision of this Agreement, the Merger
Agreement or any Merger, (B) result in a breach in any respect of any covenant, representation, warranty or any other obligation
or agreement of Acquiror or a Merger Sub under the Merger Agreement, (C) result in any of the conditions set forth in Article X
of the Merger Agreement not being fulfilled or (D) change in any manner the dividend policy or capitalization of, including the
voting rights of any class of capital stock of, Acquiror.

 

    	 	3	 

     

    

 

Each Sponsor hereby
agrees that it shall not commit or agree to take any action inconsistent with the foregoing.

 

(b)       Each
Sponsor shall comply with, and fully perform all of its obligations, covenants and agreements set forth in, that certain Letter
Agreement, dated as of September 13, 2017, by and among the Sponsors and Acquiror (the “Voting Letter Agreement”),
including the obligations of the Sponsors pursuant to Section 1 therein to not redeem any Acquiror Common Shares owned by such
Sponsor in connection with the transactions contemplated by the Merger Agreement.

 

(c)       During
the period commencing on the date hereof and ending on the earlier of the consummation of the Closing and the termination of the
Merger Agreement pursuant to Article XI thereof, each Sponsor shall not modify or amend any Contract between or among such Sponsor,
anyone related by blood, marriage or adoption to such Sponsor or any Affiliate of such Sponsor (other than Acquiror or any of its
Subsidiaries), on the one hand, and Acquiror or any of Acquiror’s Subsidiaries, on the other hand, including, for the avoidance
of doubt, the Voting Letter Agreement.

 

Section
1.6        Further Assurances. Each Sponsor shall take, or cause to be taken,
all actions and do, or cause to be done, all things reasonably necessary under applicable Laws to consummate the Mergers and
the other transactions contemplated by the Merger Agreement on the terms and subject to the conditions set forth therein and
herein.

 

Section
1.7       No Inconsistent Agreement. Each Sponsor hereby represents and
covenants that such Sponsor has not entered into, and shall not enter into, any agreement that would restrict, limit or
interfere with the performance of such Sponsor’s obligations hereunder.

 

ARTICLE
II

REPRESENTATIONS
AND WARRANTIES

 

Section
2.1        Representations and Warranties of the Sponsors. Each Sponsor
represents and warrants as of the date hereof to Acquiror, the Holder and the Companies (solely with respect to itself,
himself or herself and not with respect to any other Sponsor) as follows:

 

(a)       Organization;
Due Authorization. If such Sponsor is not an individual, it is duly organized, validly existing and in good standing under
the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance
of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Sponsor’s corporate,
limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability
company or organizational actions on the part of such Sponsor. If such Sponsor is an individual, such Sponsor has full legal capacity,
right and authority to execute and deliver this Sponsor Agreement and to perform his or her obligations hereunder. This Sponsor
Agreement has been duly executed and delivered by such Sponsor and, assuming due authorization, execution and delivery by the other
parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Sponsor, enforceable
against such Sponsor in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar
Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and
other equitable remedies). If this Sponsor Agreement is being executed in a representative or fiduciary capacity, the Person signing
this Sponsor Agreement has full power and authority to enter into this Sponsor Agreement on behalf of the applicable Sponsor.

 

    	 	4	 

     

    

 

(b)       Ownership.
Such Sponsor is the record and beneficial owner (as defined in the Securities Act) of, and has good title to, all of such Sponsor’s
Acquiror Common Shares and Acquiror Warrants, and there exist no Liens or any other limitation or restriction (including any restriction
on the right to vote, sell or otherwise dispose of such Acquiror Common Shares or Acquiror Warrants (other than transfer restrictions
under the Securities Act)) affecting any such Acquiror Common Shares or Acquiror Warrants, other than Liens pursuant to (i) this
Sponsor Agreement, (ii) the Acquiror Organizational Documents, (iii) the Merger Agreement, (iv) the Voting Letter Agreement or
(v) any applicable securities Laws. Such Sponsor’s Acquiror Common Shares and Acquiror Warrants are the only equity securities
in Acquiror owned of record or beneficially by such Sponsor on the date of this Sponsor Agreement, and none of such Sponsor’s
Acquiror Common Shares or Acquiror Warrants are subject to any proxy, voting trust or other agreement or arrangement with respect
to the voting of such Acquiror Common Shares or Acquiror Warrants, except as provided hereunder and under the Voting Letter Agreement.
Other than the Acquiror Warrants, such Sponsor does not hold or own any rights to acquire (directly or indirectly) any equity securities
of Acquiror or any equity securities convertible into, or which can be exchanged for, equity securities of Acquiror.

 

(c)       No
Conflicts. The execution and delivery of this Sponsor Agreement by such Sponsor does not, and the performance by such Sponsor
of his, her or its obligations hereunder will not, (i) if such Sponsor is not an individual, conflict with or result in a violation
of the organizational documents of such Sponsor or (ii) require any consent or approval that has not been given or other action
that has not been taken by any Person (including under any Contract binding upon such Sponsor or such Sponsor’s Acquiror
Common Shares or Acquiror Warrants), in each case, to the extent such consent, approval or other action would prevent, enjoin or
materially delay the performance by such Sponsor of its, his or her obligations under this Sponsor Agreement.

 

(d)       Litigation.
There are no Actions pending against such Sponsor, or to the knowledge of such Sponsor threatened against such Sponsor, before
(or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental Authority, which in any manner
challenges or seeks to prevent, enjoin or materially delay the performance by such Sponsor of its, his or her obligations under
this Sponsor Agreement.

 

(e)       Brokerage
Fees. Except as described on Section 6.13 of the Acquiror Disclosure Letter, no broker, finder, investment banker or other
Person is entitled to any brokerage fee, finders’ fee or other commission in connection with the transactions contemplated
by the Merger Agreement based upon arrangements made by such Sponsor, for which Acquiror or any of its Affiliates or for which
the Holder may become liable.

 

    	 	5	 

     

    

 

(f)        Affiliate
Arrangements. Except as set forth on Schedule II attached hereto, neither such Sponsor nor any anyone related by blood,
marriage or adoption to such Sponsor or, to the knowledge of such Sponsor, any Person in which such Sponsor has a direct or indirect
legal, contractual or beneficial ownership of 5% or greater is party to, or has any rights with respect to or arising from, any
Contract with Acquiror or its Subsidiaries.

 

(g)       Acknowledgment.
Such Sponsor understands and acknowledges that each of Acquiror, the Holder and the Companies is entering into the Merger Agreement
in reliance upon such Sponsor’s execution and delivery of this Sponsor Agreement.

 

ARTICLE
III

MISCELLANEOUS

 

Section 3.1        Termination.
This Sponsor Agreement and all of its provisions shall terminate and be of no further force or effect upon the earlier of (a) the
consummation of the Closing and (b) the liquidation of Acquiror. Upon such termination of this Sponsor Agreement, all obligations
of the parties under this Sponsor Agreement will terminate, without any liability or other obligation on the part of any party
hereto to any Person in respect hereof or the transactions contemplated hereby, and no party hereto shall have any claim against
another (and no person shall have any rights against such party), whether under contract, tort or otherwise, with respect to the
subject matter hereof; provided, however, that the termination of this Sponsor Agreement shall not relieve any party
hereto from liability arising in respect of any breach of this Sponsor Agreement prior to such termination. This Article III
shall survive the termination of this Agreement.

 

Section 3.2        Governing
Law. This Sponsor Agreement, and all claims or causes of action (whether in contract or tort) that may be based upon, arise
out of or relate to this Sponsor Agreement or the negotiation, execution or performance of this Sponsor Agreement (including any
claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with
this Sponsor Agreement) will be governed by and construed in accordance with the internal Laws of the State of Delaware applicable
to agreements executed and performed entirely within such State.

 

Section 3.3        CONSENT
TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL.

 

(a)       THE
PARTIES TO THIS SPONSOR AGREEMENT SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE STATE COURTS LOCATED IN WILMINGTON, DELAWARE OR THE
COURTS OF THE UNITED STATES LOCATED IN WILMINGTON, DELAWARE IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS
OF THIS SPONSOR AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH AND BY THIS
SPONSOR AGREEMENT WAIVE, AND AGREE NOT TO ASSERT, ANY DEFENSE IN ANY ACTION FOR THE INTERPRETATION OR ENFORCEMENT OF THIS SPONSOR
AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH, THAT THEY ARE NOT SUBJECT
THERETO OR THAT SUCH ACTION MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SUCH COURTS OR THAT THIS SPONSOR AGREEMENT MAY NOT BE
ENFORCED IN OR BY SUCH COURTS OR THAT THEIR PROPERTY IS EXEMPT OR IMMUNE FROM EXECUTION, THAT THE ACTION IS BROUGHT IN AN INCONVENIENT
FORUM, OR THAT THE VENUE OF THE ACTION IS IMPROPER. SERVICE OF PROCESS WITH RESPECT THERETO MAY BE MADE UPON ANY PARTY TO THIS
SPONSOR AGREEMENT BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY AT ITS ADDRESS AS PROVIDED
IN Section 3.8.

 

    	 	6	 

     

    

 

(b)       WAIVER
OF TRIAL BY JURY. EACH PARTY HERETO HEREBY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SPONSOR
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS SPONSOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SPONSOR AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT
(I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE
IMPLICATIONS OF THIS WAIVER, (III) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH SUCH PARTY HAS BEEN INDUCED TO
ENTER INTO THIS SPONSOR AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section
3.3.

 

Section 3.4        Assignment.
This Sponsor Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the parties hereto and
their respective heirs, successors and permitted assigns. Neither this Sponsor Agreement nor any of the rights, interests or obligations
hereunder will be assigned (including by operation of law) without the prior written consent of the parties hereto.

 

Section 3.5        Specific
Performance. The parties hereto agree that irreparable damage may occur in the event that any of the provisions of this Sponsor
Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that
the parties hereto shall be entitled to seek an injunction or injunctions to prevent breaches of this Sponsor Agreement and to
enforce specifically the terms and provisions of this Sponsor Agreement in the chancery court or any other state or federal court
within the State of Delaware, this being in addition to any other remedy to which such party is entitled at law or in equity.

 

Section 3.6        Amendment.
This Sponsor Agreement may not be amended, changed, supplemented, waived or otherwise modified or terminated, except upon the execution
and delivery of a written agreement executed by Acquiror, the Holder and the Sponsor Holdco.

 

    	 	7	 

     

    

 

Section 3.7        Severability.
If any provision of this Sponsor Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions
of this Sponsor Agreement will remain in full force and effect. Any provision of this Sponsor Agreement held invalid or unenforceable
only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

 

Section 3.8        Notices.
All notices and other communications among the parties hereto shall be in writing and shall be deemed to have been duly given (a)
when delivered in person, (b) when delivered after posting in the United States mail having been sent registered or certified mail
return receipt requested, postage prepaid, (c) when delivered by FedEx or other nationally recognized overnight delivery service
or (d) when e-mailed during normal business hours (and otherwise as of the immediately following Business Day), addressed as follows:

 

If to Acquiror:

 

Social Capital Hedosophia Holdings Corp.

120 Hawthorne Avenue

Palo Alto, California

Attention:   Steve Trieu

Email:        steve@socialcapital.com

 

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

 

Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, New York 10036

Attention:    Howard L. Ellin

      Christopher
M. Barlow

Email:          howard.ellin@skadden.com

             christopher.barlow@skadden.com

 

If to the Companies or the Holder:

 

c/o Vieco 10 Limited

Craigmuir Chambers

PO Box 71

Road Town

Tortola

British Virgin Islands

Email:          vghl@harneys.com

 

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

 

Virgin Management USA, Inc.

65 Bleecker Street, 6th Floor

New York, NY 10012

Attention: James Cahillane, General Counsel

Email: James.Cahillane@virgin.com

 

    	 	8	 

     

    

 

Latham & Watkins LLP

885 Third Avenue

New York, New York 10022

Attention:        Josh Dubofsky

   Justin
G. Hamill

   Charles
K. Ruck

Email:              josh.dubofsky@lw.com

   justin.hamill@lw.com

   charles.ruck@lw.com

 

If to a Sponsor:

 

To such Sponsor’s address set forth in Schedule
I

 

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

 

Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, New York 10036

Attention:          Howard L. Ellin

    Christopher
M. Barlow

Email:               howard.ellin@skadden.com

    christopher.barlow@skadden.com

 

Section 3.9         Counterparts.
This Sponsor Agreement may be executed in two or more counterparts (any of which may be delivered by facsimile or electronic transmission),
each of which shall constitute an original, and all of which taken together shall constitute one and the same instrument.

 

Section 3.10      Entire
Agreement. This Sponsor Agreement and the agreements referenced herein constitute the entire agreement and understanding of
the parties hereto in respect of the subject matter hereof and supersede all prior understandings, agreements or representations
by or among the parties hereto to the extent they relate in any way to the subject matter hereof.

 

[THE REMAINDER OF THIS PAGE
IS INTENTIONALLY BLANK]

 

    	 	9	 

     

    

 

IN WITNESS WHEREOF,
the Sponsors, Acquiror, the Companies and the Holder have each caused this Sponsor Support Agreement to be duly executed as of
the date first written above.

 

	 	SPONSORS:
	 	 
	 	SCH SPONSOR CORP.

 

	 	By:	/s/
    Chamath Palihapitiya
	 	 	Name: Chamath Palihapitiya
	 	 	Title: Chief Executive Officer

 

	 	 	/s/ Chamath Palihapitiya
	 	Name:	Chamath Palihapitiya
	 	 	 
	 	 	/s/ Ian Osborne
	 	Name:	Ian Osborne
	 	 	 
	 	 	/s/ Steven Trieu
	 	Name:	Steven Trieu
	 	 	 
	 	 	/s/ Simon Williams
	 	Name:	Simon Williams
	 	 	 
	 	 	/s/ Anthony Bates
	 	Name:	Anthony Bates
	 	 	 
	 	 	/s/ Adam Bain
	 	Name:	Adam Bain
	 	 	 
	 	 	/s/ Andrea Wong
	 	Name:	Andrea Wong
	 	 	 
	 	 	/s/ Jacqueline D. Reses
	 	Name:	Jacqueline D. Reses
	 	 	 
	 	 	/s/ James Ryans
	 	Name:	James Ryans

 

[Signature Page to Sponsor Support Agreement]

 

    			 

     

    

 

	 	ACQUIROR:
	 	 
	 	SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. 

 

	 	By:	/s/ Chamath Palihapitiya
	 	 	Name: Chamath Palihapitiya
	 	 	Title:   CEO

 

[Signature Page to Sponsor Support Agreement]

 

    			 

     

    

 

	 	COMPANIES:
	 	 
	 	TSC VEHICLE HOLDINGS, INC.

 

	 	By:	/s/
    George Whitesides  
	 		Name: George Whitesides
     
	 		Title: Authorized
    Signatory  

 

	 	VIRGIN GALACTIC VEHICLE HOLDINGS, INC.

 

	 	By:	/s/
    George Whitesides  
	 		Name: George Whitesides
     
	 		Title: Authorized
    Signatory  

 

	 	VGH, LLC

 

	 	By:	/s/ George
    Whitesides  
	 	 	Name: George Whitesides  
	 	 	Title: President  

 

	 	HOLDER:
	 	 
	 	VIECO 10 LIMITED

 

	 	By:	/s/ George
    Whitesides
	 	 	Name: George Whitesides
	 	 	Title:
    Director

 

[Signature Page to Sponsor Support Agreement]

 

    			 

     

    

 

Schedule I

Sponsor Acquiror Common Shares and Acquiror
Warrants

 

	Sponsor	 	Acquiror Common Shares	 	 	Acquiror Warrants	 
	SCH Sponsor Corp. 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	17,250,000	 	 	 	8,000,000	 
	Chamath Palihapitiya 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	—	(1)	 	 	—	(1)
	Ian Osborne 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	—	(1)	 	 	—	(1)
	Steven Trieu 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	—	 	 	 	—	 
	Simon Williams 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	—	 	 	 	—	 
	Anthony Bates 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	—	 	 	 	—	 
	Adam Bain 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	—	 	 	 	—	 
	Andrea Wong 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	—	 	 	 	—	 
	Jacqueline D. Reses 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	—	 	 	 	—	 
	James Ryans 
  
c/o Social Capital Hedosophia Holding Corp. 
120 Hawthorne Avenue, Palo Alto, CA 94301	 	 	—	 	 	 	—	 

 

(1)       Messrs. Palihapitiya
and Osborne may be deemed to beneficially own securities held by SCH Sponsor Corp. by virtue of their shared control over SCH Sponsor
Corp. Each of Messrs. Palihapitiya and Osborne disclaims beneficial ownership of securities held by SCH Sponsor Corp.

 

[Schedule I to Sponsor Support Agreement]

 

    			 

     

    

 

Schedule II

 

Affiliate Agreements

 

		1.	Letter Agreement, dated September 13, 2017, among the Acquiror, SCH Sponsor Corp. and each of the other parties thereto.

		2.	Letter Agreement, dated February 5, 2018, between the Acquiror and Jacqueline D. Reses.

		3.	Letter Agreement, dated February 5, 2018, between the Acquiror and James Ryans.

		4.	Letter Agreement, dated March 8, 2019, between the Acquiror and Steven Trieu.

		5.	Registration Rights Agreement, dated September 13, 2017, between the Acquiror and SCH Sponsor Corp.

		6.	Administrative Services Agreement, dated September 13, 2017, between the Acquiror and The Social+Capital Partnership, LLC,
which shall terminate at Closing without further liability, cost, payment or other obligation of the Acquiror.

		7.	Indemnity Agreement, dated September 13, 2017, between the Acquiror and Chamath Palihapitiya.

		8.	Indemnity Agreement, dated September 13, 2017, between the Acquiror and Ian Osborne.

		9.	Indemnity Agreement, dated September 13, 2017, between the Acquiror and Simon Williams.

		10.	Indemnity Agreement, dated September 13, 2017, between the Acquiror and Anthony Bates.

		11.	Indemnity Agreement, dated September 13, 2017, between the Acquiror and Adam Bain.

		12.	Indemnity Agreement, dated September 13, 2017, between the Acquiror and Andrea Wong.

		13.	Indemnity Agreement, dated February 5, 2018, between the Acquiror and Jacqueline D. Reses.

		14.	Indemnity Agreement, dated February 5, 2018, between the Acquiror and James Ryans.

		15.	Indemnity Agreement, dated March 8, 2019, between the Acquiror and Steven Trieu.

		16.	The Director Restricted Stock Unit Award Agreements, between the Acquiror and each of Adam Bain, Andrea Wong, Jacqueline D.
Reses and James Ryans, related to the Director RSU Grants.

		17.	Advance from Related Party – As of March 31, 2019, there were outstanding advances in the amount of $405,124,
as June 30, 2019 the preliminary balance is $588,372, owed to SCH Sponsor Corp., which were advanced by such party for working
capital purposes and for costs associated with the formation of Acquiror and offering costs. Such advances will be repaid promptly
following the Closing without payment of any interest, penalty, prepayment obligation or other additional amount.

 

[Schedule II to Sponsor Support Agreement]

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