Document:

Exhibit 10.10

 

March 3, 2021

 

Vistas Media Acquisition Company Inc.

30 Wall Street, 8th Floor

New York, NY 10022

 

Anghami

Dubai Internet City, Building 17, 2nd Floor, Office 254

Attn: Edgard Maroun

 

	Re:	Sponsor Agreement

 

Ladies and Gentlemen:

 

This letter (this “Sponsor Agreement”)
is being delivered to you in accordance with that certain Business Combination Agreement, dated as of the date hereof (as amended,
supplemented, restated or otherwise modified from time to time, the “Business Combination Agreement”), by and
among Vistas Media Acquisition Corp., a Delaware corporation (“Vistas”), Anghami, a Cayman Island exempt corporation
(the “Company”), Anghami Inc., a Cayman Islands exempted company and wholly-owned subsidiary of the Company
(“Pubco”), Anghami Vista 1, a Cayman Islands exempted company and wholly-owned subsidiary of Pubco (“Vistas
Merger Sub”) and Anghami Vista 2, a Cayman Islands exempted company and wholly-owned subsidiary of Pubco (“Anghami
Merger Sub”), and certain other parties thereto pursuant to which, among other things, Vistas will be merged with and
into Vistas Merger Sub (the “Vistas Merger”) and Anghami Merger Sub shall be merged with and into the Company
(the “Anghami Merger” and, together with the Vistas Merger, the “Mergers” and together with
the other transactions contemplated by the Business Combination Agreement the “Business Combination”), and hereby
amends and restates in its entirety that certain letter, dated August 6, 2020, from, Vistas Media Sponsor, LLC, a Delaware limited
liability company (the “Sponsor”), and the undersigned entities and individuals (each, an “Insider”
and collectively, the “Insiders”), to Vistas (the “Prior Letter Agreement”). Certain capitalized
terms used herein are defined in paragraph 5 hereof. Capitalized terms used but not otherwise defined herein shall have the respective
meanings ascribed to such terms in the Business Combination Agreement.

 

The Sponsor and certain Insiders are currently,
and as of the Closing will be, the record owners of all of the outstanding Founder Shares and outstanding Private Placement Securities,
with the Sponsor and Insider’s ownership as of the date hereof detailed on Schedule A hereto.

 

In order to induce the Company, Pubco and
Vistas to enter into the Business Combination Agreement and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Sponsor and each Insider hereby agrees with Vistas, at all times prior to the earlier of
any valid termination of the Business Combination Agreement or the consummation of the transactions contemplated by the Business
Combination Agreement, as follows:

 

		1.	The Sponsor and each Insider irrevocably agrees that it, he or she shall:

 

		(a)	vote any Common Stock owned by it, him or her (all
such Common Stock, the “Covered Shares”) in favor of the Business Combination and each other proposal related
to the Business Combination included on the agenda for the special meeting of stockholders relating to the Business Combination;

 

     

     

    

 

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

 

		(c)	vote (or execute and return an action by written consent),
or cause to be voted at such meeting (or validly execute and return and cause such consent to be granted with respect to), all
of such Covered Shares against any Business Combination Proposal and any other action that would reasonably be expected to impede,
interfere with, delay, postpone or adversely affect the Mergers or any of the other transactions contemplated by the Business
Combination Agreement, result in a material breach of any covenant, representation or warranty or other obligation or agreement
of Vistas, Pubco, Vistas Merger Sub or Anghami Merger Sub under the Business Combination Agreement, result in any of the conditions
set forth in Article VIII of the Business Combination Agreement not being fulfilled, result in a material breach of any covenant,
representation or warranty or other obligation or agreement of the Sponsor or the Insiders contained in this Sponsor Agreement
or change in any manner the dividend policy or capitalization of, including the voting rights of, any class of capital stock of
Vistas;

 

		(d)	vote (or execute and return an action by written consent), or cause to be voted at such meeting,
or validly execute and return and cause such consent to be granted with respect to, all of such Covered Shares against any change
in business, management or board of directors of Vistas (other than in connection with the Business Combination and the other proposals
related to the Business Combination); and

 

		(e)	not redeem any Covered Shares owned by it, him or her in connection with such stockholder approval.

 

Prior to any valid termination
of the Business Combination Agreement, the Sponsor and each Insider shall take, or cause to be taken, all actions and shall do,
or cause to be done, all things reasonably necessary under applicable Laws to consummate the Business Combination and the other
transactions contemplated by the Business Combination Agreement on the terms and subject to the conditions set forth therein.

 

The obligations of the Sponsor
specified in this paragraph 1 shall apply whether or not the Mergers or any action described above is recommended by the board
of directors of Vistas.

 

		2.	The Sponsor and each Insider hereby agrees and acknowledges that: (a) Vistas and, prior to any
valid termination of the Business Combination Agreement, the Company may be irreparably injured in the event of a breach by the
Sponsor or any Insider of its, his or her obligations under paragraphs 1 and 3, as applicable, of this Sponsor Agreement (b) monetary
damages will not be an adequate remedy for such breach and (c) the non-breaching party shall be entitled to injunctive relief,
in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

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		3.	Lock-Up.

 

		(a)	The Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder Shares until
the earlier of (A) one year after the completion of the Business Combination and (B) subsequent to the Business Combination, (x)
if the closing price of Class A Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150
days after the Business Combination or (y) the date on which Pubco completes a liquidation, merger, capital stock exchange, reorganization
or other similar transaction that results in all of Pubco’s stockholders having the right to exchange their shares of Class
A Common Stock for cash, securities or other property (the “Founder Shares Lock-up Period”). For the avoidance
of doubt, the Private Placement Securities (and any shares of Class A Common Stock or any other securities issued or issuable upon
the exercise of the Private Placement Securities) or any shares of Class A Common Stock purchased in connection with the Equity
Financing (as such term is defined in the Business Combination Agreement) shall be subject to the provisions of Section 3(b)
below and shall not be subject to the Founder Shares Lock-up Period.

 

		(b)	The Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement
Securities (or any securities underlying the Private Placement Securities, including the shares of Common Stock and Private Placement
Warrants included in the Private Placement Units and the shares of Common Stock issued or issuable upon the exercise of the Private
Placement Warrants), until 30 days after the completion of a Business Combination (the “Private Placement Lock-up Period”,
together with the Founder Shares Lock-up Period, the “Lock-up Periods”).

 

		(c)	Notwithstanding the provisions set forth in paragraphs 3(a) and 3(b), Transfers of the Founder
Shares, Private Placement Securities, component securities of Private Placement Securities and shares of Class A Common Stock issued
or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares and that are held by the Sponsor,
any Insider or any of their permitted transferees (that have complied with this paragraph 3(c)), are permitted in the following
circumstances:

 

		(i)	to Vistas’ officers or directors, any affiliate or family member of any of Vistas’
officers or directors or any affiliate of the Sponsor or to any member(s) of the Sponsor or any of their affiliates;

 

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		(ii)	in the case of an individual, by gift to a member of such individual’s immediate family or
to a trust, the beneficiary of which is a member of such individual’s immediate family, an affiliate of such individual or
to a charitable organization;

 

		(iii)	in the case of an individual, by virtue of laws of descent and distribution upon death of such
individual;

 

		(iv)	in the case of an individual, pursuant to a qualified domestic relations order;

 

		(v)	by private transfers or transfers made in connection with any contingent forward purchase agreement
or similar arrangement or in connection with the consummation of the Business Combination at prices no greater than the price at
which the shares or warrants were originally purchased;

 

		(vi)	by virtue of the laws of the State of Delaware or the Sponsor’s limited liability company
agreement upon dissolution of the Sponsor;

 

		(vii)	in the event of Pubco’s liquidation, merger, capital stock exchange or other similar transaction
which results in all of Pubco’s stockholders having the right to exchange their shares of common stock for cash, securities
or other property subsequent to the completion of the Business Combination;

 

provided, however,
that in the case of clauses (i) through (v), these permitted transferees must enter into a written agreement with Vistas or Pubco,
as applicable, agreeing to be bound by the transfer restrictions herein and the other restrictions contained in this Agreement
(including provisions relating to voting, the Trust Account and liquidating distributions).

 

		4.	The Sponsor and each Insider has full right and power, without violating any agreement to which
it is bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or former employer),
to enter into this Sponsor Agreement.

 

		5.	As used herein:

 

		(a)	“Beneficially Own” has the meaning ascribed to it in Section 13(d) of the Exchange
Act;

 

		(b)	“Founder Shares” shall mean the outstanding shares of Class B Common Stock and
the shares of Class A Common Stock issuable upon conversion of such shares of Class B Common Stock in connection with the Closing;

 

		(c)	“Transfer” shall mean the (i) sale of, offer to sell, contract or agreement
to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly,
or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position
within the meaning of Section 16 of the Exchange Act, and the rules and regulations promulgated thereunder, with respect to, any
security, (ii) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise,
or (iii) public announcement of any intention to effect any transaction specified in clause (i) or (ii);

 

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		(d)	“Class A Common Stock” shall mean the Class A common stock, par
value $0.0001 per share, of (i) Vistas prior to the Business Combination and (ii) Pubco following the Business Combination;

 

		(e)	“Class B Common Stock” shall mean (i) the Class B common stock, par value $0.0001
per share and (ii) the common stock of Pubco following the Business Combination;

 

		(f)	“Common Stock” shall mean the Class A Common Stock and the Class B Common Stock;

 

		(g)	“Private Placement Securities” shall mean the Private Placement Units and the
Private Placement Warrants

 

		(h)	“Private Placement Units” shall mean the 220,000 Vistas Units that
the Sponsor purchased for an aggregate purchase price $2,200,000, or $10.00 per Vistas Unit, which Private Placement Units will
be assumed by Pubco in connection with the Closing.

 

		(i)	“Private Placement Warrants” shall mean the 500,000 Vistas Warrants
that (i) the Sponsor purchased for an aggregate purchase price $500,000, or $1.00 per Vistas Warrant, and (ii) are coupled with
the Vistas Warrants underlying the Private Placement Units, which Private Placement Warrants will be assumed by Pubco in connection
with the Closing.

 

		(j)	“Business Combination Proposal” means any action to initiate, solicit, facilitate,
consider, make or encourage or otherwise facilitate the making of any offers or proposals related to, an Alternative Vistas Acquisition,
enter into, engage in or continue any discussions or negotiations with respect to an Alternative Vistas Acquisition with, or provide
any non-public information, data or access to employees to, any Person that has made, or that is considering making, a proposal
with respect to an Alternative Vistas Acquisition or enter into any agreement relating to an Alternative Vistas Acquisition.

 

		6.	This Sponsor Agreement and the other 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, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby, including, without limitation, with respect to the Sponsor, each Insider and the
Prior Letter Agreement. This Sponsor Agreement may not be changed, amended, modified or waived (other than to correct a typographical
error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

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		7.	No party hereto may, except as set forth herein, assign either this Sponsor Agreement or any of
its rights, interests or obligations hereunder, other than in conjunction with transfers permitted by paragraph 3, without the
prior written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual
and shall not operate to transfer or assign any interest or title to the purported assignee. This Sponsor Agreement shall be binding
on the Sponsor, the Company, each Insider and Vistas and their respective successors, heirs, personal representatives and assigns
and permitted transferees.

 

		8.	Nothing in this Sponsor Agreement shall be construed to confer upon, or give to, any person or
corporation other than the parties hereto any right, remedy or claim under or by reason of this Sponsor Agreement or of any covenant,
condition, stipulation, promise or agreement hereof. All covenants, conditions, stipulations, promises and agreements contained
in this Sponsor Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors, heirs, personal
representatives and assigns and permitted transferees.

 

		9.	This Sponsor Agreement may be executed in any number of original, electronic or facsimile counterparts
and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument.

 

		10.	This Sponsor Agreement shall be deemed
severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability
of this Sponsor Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term
or provision, the parties hereto intend that there shall be added as a part of this Sponsor Agreement a provision as similar in
terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

		11.	This Sponsor Agreement shall be governed by and construed and enforced in accordance with the laws
of the State of New York. The parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating
in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and
irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection
to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS SPONSOR AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

		12.	Any notice, consent or request to be given in connection with any of the terms or provisions of
this Sponsor Agreement shall be in writing and shall be sent or given in accordance with the terms of Section 10.2 of the Business
Combination Agreement to the applicable party at its principal place of business.

 

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		13.	This Sponsor Agreement shall automatically terminate on the expiration of all of the Lock-up Periods.
In the event of a valid termination of the Business Combination Agreement, this Sponsor Agreement shall be of no force and effect
and shall revert to the Prior Letter Agreement. No such termination or reversion shall relieve the Sponsor, each Insider, Vistas
or the Company from any liability resulting from a breach of this Sponsor Agreement occurring prior to such termination or reversion.

 

		14.	The Sponsor and each Insider hereby represents and warrants (severally and not jointly as to itself,
himself or herself only) to Vistas and the Company as follows: (a) if such Person is not an individual, it is duly organized, validly
existing and in good standing under the laws of the jurisdiction in which it is organized, and the execution, delivery and performance
of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate,
limited liability company or other powers and have been duly authorized by all necessary corporate, limited liability company or
other actions on the part of the Sponsor; (b) if such Person is an individual, such Person has full legal capacity, right and authority
to execute and deliver this Sponsor Agreement and to perform his or her obligations hereunder; (c) this Sponsor Agreement has been
duly executed and delivered by such Person 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 Person, enforceable against
such Person 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); (d) the execution and delivery of this Sponsor Agreement by such Person does not, and the performance by such
Person of his, her or its obligations hereunder will not, (i) if such Person is not an individual, conflict with or result in a
violation of the organizational documents of such Person, or (ii) require any consent or approval that has not been given or other
action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s
Founder Shares or Private Placement Securities, as applicable), in each case, to the extent such consent, approval or other action
would prevent, enjoin or materially delay the performance by such Person of his, her or its obligations under this Sponsor Agreement;
(e) there are no Actions pending against such Person or, to the knowledge of such Person, threatened against such Person, 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 Person of its, his or her obligations under
this Sponsor Agreement; (f) except for the fees described on Section 2.4(a)(iii) of the Vistas Disclosure Letter, no financial
advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person,
Vistas, any of its Subsidiaries or any of their respective Affiliates in connection with the Business Combination Agreement or
this Sponsor Agreement or any of the respective transactions contemplated thereby and hereby, in each case, based upon any arrangement
or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which Pubco, the Company or any of their
respective Affiliates would have any obligations or liabilities of any kind or nature following the consummation of the Business
Combination; (g) such Person has had the opportunity to read the Business Combination Agreement and this Sponsor Agreement and
has had the opportunity to consult with its tax and legal advisors; (h) such Person has not entered into, and shall not enter into,
any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (i) such
Person has good title to all such Founder Shares and Private Placement Securities set forth opposite such Person’s name on
Schedule A, and there exist no Encumbrances or any other limitation or restriction (including, without limitation, any restriction
on the right to vote, sell or otherwise dispose of such Founder Shares or Private Placement Warrants (other than transfer restrictions
under the Securities Act)) affecting any such Founder Shares or Private Placement Securities, other than pursuant to (i) this Sponsor
Agreement, (ii) the certificate of incorporation of Vistas, (iii) the Business Combination Agreement, (iv) the Registration Rights
Agreement, dated as of August 6, 2020, by and among Vistas, the Sponsor and certain security holders party thereto (the “Registration
Rights Agreement”), or (v) any applicable securities laws; and (j) the Founder Shares and Private Placement Securities
identified on Schedule A are the only Founder Shares or Private Placement Securities owned of record or Beneficially Owned
by the Sponsor and the Insiders as of the date hereof, and none of such Founder Shares or Private Placement Securities is subject
to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Founder Shares or Private Placement
Securities, except as provided in this Sponsor Agreement.

 

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		15.	If, and as often as, (a) there are any changes in Vistas, the Founder Shares or the Private Placement
Securities by way of stock split, stock dividend, combination or reclassification, or through merger, consolidation, reorganization,
recapitalization or business combination, or by any other similar means that result in the Sponsor acquiring new shares of Common
Stock, Vistas Warrants or any other equity securities of Vistas, (b) the Sponsor purchases or otherwise acquires beneficial ownership
of any shares of Common Stock or Vistas Warrants or other equity securities of Vistas after the date of this Sponsor Agreement
or (c) the Sponsor acquires the right to vote or share in the voting of any shares of Common Stock or other equity securities of
Vistas after the date of this Sponsor Agreement (such shares of Common Stock, Vistas Warrants or other equity securities of Vistas,
collectively the “New Securities”), then, in each case, (i) such New Securities acquired or purchased by the
Sponsor shall be subject to the terms of this Sponsor Agreement to the same extent as if they constituted the shares of Common
Stock or Vistas Warrants owned by the Sponsor as of the date hereof and (ii) if applicable, equitable adjustment shall be made
to the provisions of this Sponsor Agreement as may be required so that the rights, privileges, duties and obligations hereunder
shall continue with respect to Vistas, Vistas’ successor or the surviving entity of such transaction, as applicable, the
Founder Shares and Vistas Warrants, including the Private Placement Securities, each as so changed.

 

		16.	Each of the parties hereto agrees to execute and deliver hereafter any further document, agreement
or instrument of assignment, transfer or conveyance as may be necessary or desirable to effectuate the purposes hereof and as may
be reasonably requested in writing by another party hereto.

 

[Signature Page Follows]

 

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	 	Sincerely,
	 	 	 	 
	 	VISTAS MEDIA SPONSOR, LLC, LLC
	 	 	 	 
	 	By:	
	 	 	Name:  	F. Jacob Cherian
	 	 	Title: 	Manager
	 	 	 	 
	 	EXEMPLARY HOLDINGS PTE. LTD
	 	 	 	 
	 	By:	
	 	 	Name: 	Arun Kumar Thapar
	 	 	Title: 	Director & Promotor
	 	 	 	 
	 	PFVI, LLC
	 	 	 	 
	 	By:	
	 	 	Name: 	Abhinav Somani
	 	 	Title: 	Managing Director
	 	 	 	 
	 	
	 	F. Jacob Cherian 
	 	 	 	 
	 	
	 	Benjamin Waisbren
	 	 	 	 
	 	
	 	Marc Iyeki
	 	 	 	 
	 	
	 	Dr. Klass Baks
	 	 	 	 
	 	
	 	Jayesh Parekh
	 	 	 	 
	 	
	 	Daniel Dos Santos
	 	 	 	 
	 	
	 	Gurinder Singh Ahluwalia
	 	 	 	 
	 	
	 	Vipul Shantilal Shah
	 	 
	 	
	 	Sameer Jitendra Parmar
	 	 
	 	
	 	Mishal Sudesh Iyer
	 	 
	 	
	 	Sergei Bespalov

 

Signature Page to Letter Re: Sponsor Agreement

 

     

     

    

 

	Acknowledged and Agreed:	 
	 	 
	VISTAS MEDIA ACQUISITION COMPANY INC. 	 
	 	 	 	 
	
         By:
		 
	 	Name: 	F. Jacob Cherian 	 
	 	Title: 	Chief Executive Officer	 

 

	ANGHAMI	 
	 	 	 
	By:		 
		Name	 
		Title:	 

 

Signature Page to Letter Re: Sponsor Agreement

 

     

     

    

 

Schedule A

 

Sponsor Ownership of Securities

 

	Sponsor	 	Founder Shares	 	 	Private Placement Warrants	 	 	Private Placement Units	 
	Vistas Media Sponsor, LLC	 	 	1,768,500	 	 	 	500,000	 	 	 	220,000	 
	F. Jacob Cherian	 	 	250,000	 	 	 	N/A	 	 	 	N/A	 
	Marc Iyeki	 	 	18,000	 	 	 	N/A	 	 	 	N/A	 
	Benjamin Waisbren	 	 	28,000	 	 	 	N/A	 	 	 	N/A	 
	Klaas Baks	 	 	18,000	 	 	 	N/A	 	 	 	N/A	 
	PFVI, LLC	 	 	225,000	 	 	 	N/A	 	 	 	N/A	 
	Gurinder Ahluwalia	 	 	100,000	 	 	 	N/A	 	 	 	N/A	 
	Exemplary Holdings Pte. Ltd.	 	 	30,000	 	 	 	N/A	 	 	 	N/A	 
	Jayesh Parekh	 	 	22,500	 	 	 	N/A	 	 	 	N/A	 
	Vipul Shah	 	 	10,000	 	 	 	N/A	 	 	 	N/A	 
	Sameer Pamar	 	 	10,000	 	 	 	N/A	 	 	 	N/A	 
	Mishal Iyer	 	 	10,000	 	 	 	N/A	 	 	 	N/A	 
	Sergei Bespalov	 	 	5,000	 	 	 	N/A	 	 	 	N/A	 
	Daniel Santos	 	 	5,000	 	 	 	N/A	 	 	 	N/A	 
	Total	 	 	2,500,000	 	 	 	500,000	 	 	 	220,000Exhibit
10.11

 

Lock-Up
Agreement

 

This
Lock-Up Agreement (this “Agreement”), dated as of [●],
2021, by and between Anghami Inc., a Cayman Islands exempted company and wholly-owned subsidiary of the Company (as defined below)
(“Pubco”), and certain holders of capital stock (and each other Person who, after the date hereof, acquires
capital stock of the Company and becomes party to this Agreement by executing a Joinder Agreement (such Persons, the “Shareholders”)).

 

WHEREAS,
on the date hereof, Pubco has entered into that certain Business Combination Agreement, dated as of the date hereof (as amended,
supplemented, restated or otherwise modified from time to time, the “Business Combination Agreement”), by and
among Vistas Media Acquisition Company Inc., a Delaware corporation (“Vistas”), Anghami, a Cayman Island exempt
corporation (the “Company”), Anghami Vista 1, a Cayman Islands exempted company and wholly-owned subsidiary
of Pubco (“Vistas Merger Sub”) and Anghami Vista 2, a Cayman Islands exempted company and wholly-owned subsidiary
of Pubco (“Anghami Merger Sub”), and certain other parties thereto pursuant to which, among other things, Vistas
will be merged with and into Vistas Merger Sub (the “Vistas Merger”) and Anghami Merger Sub shall be merged
with and into the Company (the “Anghami Merger” and, together with the Vistas Merger, the “Mergers”
and together with the other transactions contemplated by the Business Combination Agreement the “Transactions”);

 

WHEREAS,
in connection with consummation of the Transaction, (i) Pubco is going to become the new publicly-traded parent company of the
Company, and (ii) holders of the Company capital stock shall have received shares of Common Stock as consideration in the Transactions
in respect of their equity interests held in the Company as of immediately prior to the consummation of the Transactions; and

 

WHEREAS,
the parties hereto desire to enter into this Agreement to provide for certain rights and obligations associated with the ownership
of shares of Common Stock.

 

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

 

Article
I.

DEFINITIONS

 

Section
1.01 Definitions.

 

Capitalized
terms use but not expressly defined in this Agreement shall have the meanings ascribed to them in the Business Combination Agreement.
The following definitions shall apply to this Agreement:

 

“Affiliate”
with respect to any Person, has the meaning ascribed to such term under Rule 12b-2 promulgated by the SEC under the Securities
Exchange Act.

 

“Agreement”
has the meaning set forth in the preamble.

 

     

     

    

 

“Anghami
Merger” has the meaning set forth in the recitals.

 

“Anghami
Merger Sub” has the meaning set forth in the recitals.

 

“Applicable
Law” means all applicable provisions of constitutions, treaties, statutes, laws (including the common law), rules, regulations,
decrees, ordinances, codes, proclamations, declarations or orders of any Governmental Entity.

 

“Business
Combination Agreement” has the meaning set forth in the recitals.

 

“Business
Day” means any day other than Saturday, Sunday or other day on which commercial banks in New York, New York or London,
United Kingdom are authorized or required by Law to close; provided, however, for clarification, commercial banks shall not be
deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”,
“non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations
at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers)
of commercial banks in New York, New York or London, United Kingdom generally are open for use by customers on such day.

 

“Closing”
has the meaning set forth in the Business Combination Agreement.

 

“Closing
Date” has the meaning set forth in the Business Combination Agreement.

 

“Common
Stock” means the [ordinary shares, par value [$]___ per share,] and any other shares of Common Stock issued or issuable
with respect to any other equity or debt interests of the Company (whether by way of a stock dividend or stock split or in exchange
for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization,
merger, consolidation, other corporate reorganization or other similar event).

 

“Company”
has the meaning set forth in the preamble, and includes the Company’s successors by merger, acquisition, reorganization
or otherwise.

 

“Company
Equity Interest” means Common Stock or any other equity securities of the Company, or securities exchangeable or exercisable
for, or convertible into, such other equity securities of the Company.

 

“control”
(i) with respect to any Person, has the meaning ascribed to such term under Rule 12b-2 promulgated by the SEC under the Securities
Exchange Act, and (ii) with respect to any Interest, means the possession, directly or indirectly, of the power to direct, whether
by agreement, contract, agency or otherwise, the voting rights or disposition of such Interest.

 

“Disinterested
Independent Directors” has the meaning set forth in Section 5.04.

 

“Family
Group” means, with respect to a Person who is an individual, (i) such individual’s spouse and descendants (whether
natural or adopted), parents and such parent’s descendants (whether natural or adopted) (collectively, for purposes of this
definition, “relatives”), (ii) such individual’s executor or personal representative, (iii) any trust,
the trustee of which is such individual or such individual’s executor or personal representative and which at all times
is and remains solely for the benefit of such individual and/or such individual’s relatives or (iv) an endowed trust or
other charitable foundation, but only if such individual or such individual’s executor or personal representative maintains
control over all voting and disposition decisions.

 

    -2-

     

    

 

“Governmental
Entity” means any nation or government, any state, province or other political subdivision thereof, any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any court,
arbitrator or other body or administrative, regulatory or quasi-judicial authority, agency, department, board, commission or instrumentality
of any federal, state, local or foreign jurisdiction.

 

“Interest”
means the capital stock or other securities of the Company or any Affiliated Company or any other interest or financial or other
stake therein, including, without limitation, the Company Equity Interests.

 

“Joinder
Agreement” means the joinder agreement in form and substance of Exhibit A attached hereto.

 

“Lock-up
Period” has the meaning set forth in Section 2.01.

 

“Misstatement”
means an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement
or Prospectus, or necessary to make the statements in a Registration Statement or Prospectus (in the light of the circumstances
under which they were made) not misleading.

 

“own”
or “ownership” (and derivatives of such terms) means (i) ownership of record, and (ii) “beneficial ownership”
as defined in Rule 13d-3 or Rule 16a-1(a)(2) promulgated by the SEC under the Securities Exchange Act (but without regard to any
requirement for a security or other interest to be registered under Section 12 of the Securities Act).

 

“Person”
means any natural person, sole proprietorship, partnership, joint venture, trust, unincorporated association, corporation, limited
liability company, entity or Governmental Entity.

 

“Pubco”
has the meaning set forth in the recitals.

 

“Prospectus”
means the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Restricted
Shares” means with respect to any Shareholder, any shares of Common Stock beneficially owned or owned of record by such
Shareholder.

 

“SEC”
means the United States Securities and Exchange Commission (or any successor Governmental Entity).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

    -3-

     

    

 

“Securities
Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Shareholders”
has the meaning set forth in the preamble.

 

“Subsequent
Transaction” has the meaning set forth in Section 2.01.

 

“Transactions”
has the meaning set forth in the recitals.

 

“Transfer”
means to, directly or indirectly, sell, transfer, assign, pledge, encumber, hypothecate or similarly dispose of, either voluntarily
or involuntarily, or to enter into any contract, option or other arrangement or understanding with respect to the sale, transfer,
assignment, pledge, encumbrance, hypothecation or similar disposition of, any Interest owned by a Person or any interest (including
a beneficial interest) in, or the ownership, control or possession of, any Interest owned by a Person.

 

“Vistas”
has the meaning set forth in the recitals.

 

“Vistas
Merger” has the meaning set forth in the recitals.

 

“Vistas
Merger Sub” has the meaning set forth in the recitals.

 

Article
II.

RESTRICTIONS ON TRANSFER

 

Section
2.01 General Restrictions on Transfer.

 

Except
as permitted by Section 2.02, the Company Shareholders agree, he or she shall not Transfer any shares of Common Stock
until the earlier of (A) six months after the Closing Date and (B) subsequent to the Closing Date, the date on which the Company
completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the
Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property
(the “Lock-up Period”). Following the expiration of the Lock-up Period, the Restricted Shares of such Shareholder
may be sold without restriction under this Agreement, other than the restriction set forth in Section 2.03(c) below.

 

Notwithstanding
anything in this Agreement to the contrary, if there is a reduction in the cash consideration payable to any Company Shareholder
pursuant to Section 2.4(b) of the Business Combination Agreement, the provisions of this Section 2.01 shall not apply to
such number of shares of Common Stock owned by such Company Shareholder determined by dividing the amount of that reduction in
cash consideration by $10 rounded up to the nearest whole share.

 

    -4-

     

    

 

Section
2.02 Permitted Transfers

 

(a)
Transfers for Estate Planning. Notwithstanding Section 2.01, any Shareholder who is a natural Person, so long as
the applicable transferee executes a counterpart signature page to this Agreement agreeing to be bound by the terms of this Agreement
applicable to such Shareholder, shall be permitted to make the following Transfers:

 

i. any Transfer of shares of Common Stock by such Shareholder to its Family Group without consideration or to a charitable organization;
provided, that no further Transfer by such member of such Shareholder’s Family Group or by such charitable organization
may occur without compliance with the provisions of this Agreement; and

 

ii.
upon the death of any Shareholder who is a natural Person, any distribution of any such shares of Common Stock owned by such Shareholder
by the will or other instrument taking effect at death of such Shareholder or by applicable laws of descent and distribution to
such Shareholder’s estate, executors, administrators and personal representatives, and then to such Shareholder’s
heirs, legatees or distributees; provided, that a Transfer by such transferor pursuant to this Section 2.02(b)(ii)
shall only be permitted if a Transfer to such transferee would have been permitted if the original Shareholder had been the transferor.

 

(b)
Transfers to Affiliates. Notwithstanding Section 2.01, each Shareholder shall be permitted to Transfer from time
to time any or all of the Common Stock owned by such Shareholder to (i) if it is an individual, any of its wholly-owned Affiliates,
(ii) if it is an entity, any of its Affiliates, or (ii) any equity holder of such Shareholder, so long as the applicable transferee
executes a counterpart signature page to this Agreement agreeing to be bound by the terms of this Agreement applicable to such
Shareholder.

 

Section
2.03 Miscellaneous Provisions Relating to Transfers

 

(a)
Legend. In addition to any legends required by Applicable Law, each certificate representing Common Stock shall bear a
legend substantially in the following form:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A Lock-Up Agreement (A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF
THE COMPANY). NO TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE MAY BE MADE EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SUCH Lock-Up Agreement.”

 

(b)
Prior Notice. Prior notice shall be given during the applicable Lock-up Period to the Company by the transferor of any
Transfer of any Common Stock permitted by Section 2.02. Prior to consummation of any such Transfer during the applicable
Lock-up Period, or prior to any Transfer pursuant to which rights and obligations of the transferor under the Agreement are assigned
in accordance with the terms of this Agreement, the transferring Stockholder shall cause the transferee to execute and deliver
to the Company a Joinder Agreement and agree to be bound by the terms and conditions of this Agreement. Upon any Transfer by any
Shareholder of any of its Common Stock, in accordance with the terms of this Agreement and which is made in conjunction with the
assignment of such Shareholder’s rights and obligations hereunder, the transferee thereof shall be substituted for, and
shall assume all the rights and obligations (as the same type of Shareholder of the transferor) under this Agreement, of the transferor
thereof with respect to such Transferred Common Stock.

 

    -5-

     

    

 

(c)
Compliance with Laws. Notwithstanding any other provision of this Agreement, each Shareholder agrees that it will not,
directly or indirectly, Transfer any of its Common Stock except as permitted under the Securities Act and other Applicable Laws.

 

(d)
Null and Void. Any attempt to Transfer any Common Stock that is not in compliance with this Agreement shall be null and
void, and the Company shall not, and shall cause any transfer agent not to, give any effect in the Company’s stock records
to such attempted Transfer and the purported transferee in any such purported Transfer shall not be treated as the owner of such
Common Stock for any purposes of this Agreement.

 

(e)
Removal of Legends. In connection with the written request of a Shareholder, following the expiration of the applicable
Lock-up Period, the Company shall remove any restrictive legend included on the certificates (or, in the case of book-entry shares,
any other instrument or record) representing such Shareholder’s and/or its Affiliates’ or permitted transferee’s
ownership of Common Stock, and the Company shall issue a certificate (or evidence of the issuance of securities in book-entry
form) without such restrictive legend or any other restrictive legend to the holder of the applicable shares of Common Stock upon
which it is stamped, if (i) such shares of Common Stock are registered for resale under the Securities Act and the registration
statement for such Company Equity Interests has not been suspended pursuant to Section 5.03 hereof or as otherwise
required by the Securities Act, the Securities Exchange Act or the rules and regulations of the SEC promulgated thereunder,
(ii) such shares of Common Stock are sold or transferred pursuant to Rule 144, or (iii) such shares of Common Stock
are eligible for sale pursuant to Section 4(a)(1) of the Securities Act or Rule 144 without volume or manner-of-sale restrictions.
Following the earlier of (A) the effective date of a Registration Statement registering such shares of Common Stock or (B) Rule 144
becoming available for the resale of such shares of Common Stock without volume or manner-of-sale restrictions, the Company, upon
the written request of the Shareholder or its permitted transferee and, if requested by the Company, the provision by such Person
of an opinion of reputable counsel reasonably satisfactory to the Company and the Company’s transfer agent, shall instruct
the Company’s transfer agent to remove the legend from such shares of Common Stock (in whatever form) and shall cause Company
counsel to issue any legend removal opinion required by the transfer agent. Any fees (with respect to the transfer agent, Company
counsel, or otherwise) associated with the removal of such legend (except for the provision of the legal opinion by the Shareholder
or its permitted transferee to the transfer agent referred to above) shall be borne by the Company. If a legend is no longer required
pursuant to the foregoing, the Company will promptly following the delivery by any Shareholder or its permitted transferee to
the Company or the transfer agent (with notice to the Company) of a legended certificate (if applicable) representing such shares
of Common Stock and, to the extent required, a seller representation letter representing that such shares of Common Stock may
be sold pursuant to Rule 144, and a legal opinion of reputable counsel reasonably satisfactory to the Company and the transfer
agent, deliver or cause to be delivered to the holder of such Company Equity Interests a certificate representing such shares
of Common Stock (or evidence of the issuance of such shares of Common Stock in book-entry form) that is free from all restrictive
legends.

 

    -6-

     

    

 

Article
III.

REPRESENTATIONS AND WARRANTIES

 

Section
3.01 Representations and Warrantiesof the Shareholders. Each Shareholder hereby,
severally and not jointly, represents and warrants to the Company and each other Shareholder as of the date of this Agreement
that:

 

(a) if such Shareholder is not
a natural Person, such Shareholder is an entity duly organized and validly existing and in good standing under the laws of the
jurisdiction of its organization and has all requisite power and authority to execute and deliver this Agreement, to perform its
obligations hereunder and to consummate the transactions contemplated hereby;

 

(b)
the execution and delivery of this Agreement, the performance by such Shareholder of its obligations hereunder and the consummation
of the transactions contemplated hereby have been duly authorized by all requisite corporate or other action of such Shareholder,
and that such Shareholder has duly executed and delivered this Agreement;

 

(c)
this Agreement constitutes the legal, valid and binding obligation of such Shareholder, enforceable against such Shareholder in
accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law);

 

(d)
the execution, delivery and performance of this Agreement by such Shareholder and the consummation of the transactions contemplated
hereby, require no action by or in respect of, or filing with, any Governmental Entity, except as set out in the Business Combination
Agreement;

 

(e)
the execution, delivery and performance by such Shareholder of this Agreement and the consummation of the transactions contemplated
hereby do not (i) if such Shareholder is not a natural Person, conflict with or result in any violation or breach of any provision
of any of the organizational documents of such Shareholder, (ii) conflict with or result in any violation or breach of any provision
of any Applicable Law applicable to such Shareholder, or (iii) require any consent or other action by any Person under any provision
of any material agreement or other instrument to which the Shareholder is a party and which has not been obtained prior to or
on the date of this Agreement;

 

(f)
except for this Agreement, the Business Combination Agreement or any other Transaction Agreement, such Shareholder has not entered
into or agreed to be bound by any other agreements or arrangements of any kind with any other party with respect to any Company
Equity Interests, including agreements or arrangements with respect to the acquisition or disposition of the Common Stock or any
interest therein or the voting of the Common Stock (whether or not such agreements and arrangements are with the Company or any
other Shareholder of the Company); and

 

(g)
such Shareholder has not entered into, and agrees that it will not enter into, any agreement with respect to its securities that
violates or subordinates or is otherwise inconsistent with the rights granted to the Shareholders and the Company under this Agreement.

 

    -7-

     

    

 

Section
3.02 Representations and Warrantiesof the Company. The Company hereby represents
and warrants to each Shareholder that as of the date of this Agreement:

 

(a)
the Company is duly organized and validly existing and in good standing under the laws of the jurisdiction of its organization
and has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate
the transactions contemplated hereby;

 

(b)
the execution and delivery of this Agreement, the performance of by the Company of its obligations hereunder and the consummation
of the transactions contemplated hereby have been duly authorized by all requisite corporate or other action of the Company, and
the Company has duly executed and delivered this Agreement;

 

(c)
this Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance
with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar
laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is
sought by proceedings in equity or at law);

 

(d)
the execution, delivery and performance of this Agreement by the Company and the consummation of the transactions contemplated
hereby, require no action by or in respect of, or filing with, any Governmental Entity, except as set out in the Business Combination
Agreement or any other Transaction Agreement;

 

(e)
the execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated
hereby do not (i) conflict with or result in any violation or breach of any provision of any of the organizational documents of
the Company, (ii) conflict with or result in any violation or breach of any provision of any Applicable Law or (iii) require any
consent or other action by any Person under any provision of any material agreement or other instrument to which the Company is
a party;

 

(f)
except for this Agreement, the Business Combination Agreement or any other Transaction Agreement, the Company has not entered
into or agreed to be bound by any other agreements or arrangements of any kind with any other party with respect to the Common
Stock, including agreements or arrangements with respect to the acquisition or disposition of the Common Stock or any interest
therein or the voting of the Common Stock (whether or not such agreements and arrangements are with any Shareholder);

 

(g)
the Company has not entered into, and agrees that it will not enter into, any agreement with respect to its securities that violates
or subordinates or is otherwise inconsistent with the rights granted to the Shareholders under this Agreement.

 

    -8-

     

    

 

Article
IV.

EFFECTIVENESS

 

Section
4.01 Effectiveness.

 

This
Agreement shall be binding upon the Company and each Shareholder upon its execution and delivery of this Agreement, but this Agreement
shall only become effective upon the Closing. In the event that the Business Combination Agreement is validly terminated in accordance
with its terms prior to the Closing, this Agreement shall automatically terminate and become null and void, and the parties shall
have no obligations hereunder.

 

Article
V.

MISCELLANEOUS

 

Section
5.01 Release of Liability.

 

In
the event any Shareholder shall Transfer all of the Common Stock held by such Shareholder in compliance with the provisions of
this Agreement (including, without limitation, if accompanied with the assignment of rights and obligations hereunder, the execution
and delivery by the transferee of a Joinder Agreement) without retaining any interest therein, then such Shareholder shall cease
to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from
and after the date of such Transfer, except in the case of any breach of this Agreement occurring prior to such Transfer.

 

Section
5.02 Notices.

 

All
notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed
to have been duly given or made as follows: (a) when personally delivered (or, if delivery is refused, upon presentment), (b)
when delivered by fax or email (with affirmative confirmation of receipt), (c) one Business Day after delivery by reputable internationally
recognized overnight express courier (charges prepaid) or (d) three (3) Business Days following mailing by certified or registered
mail, postage prepaid and return receipt requested, in each case to the applicable party at the following addresses (or at such
other address for a party as shall be specified by like notice):

 

    -9-

     

    

 

	If
        to the Company, to:

         

        Anghami
Inc.

        Dubai
        Internet City, Building 17, 2nd Floor, Office 254

        Attn: Edgard Maroun

        Tel. No.:          +961 3 241 435 / +971 55 646 0575 / + 961 3 810 690 / + 971 55 927 32

        Email: edy@anghami.com / legal@anghami.com

         
	 	with
                                         copies (which shall not constitute notice) to:

         

        Norton
        Rose Fulbright

        1301 McKinney, Suite 5100’

         

        Houston,
        Texas 77010

        Attn: Brian Fenske and Ayse Yuksel Mahfoud

        Tel. No.:713-651-5557 and +90 212 386 1310

        Email: brian.fenske@nortonrosefulbright.com

        and
        ayse.yuksel@nortonrosefulbright.com

         

        and

         

        Winston
        & Strawn LLP

        35 W. Wacker

        Chicago, Illinois 60601

	 	 	Attention:	Jason Osborn
	 	 	 	David Sakowitz
	 	 	Email:	josborn@winston.com
	 	 	 	dsakowitz@winston.com

	 	 	Tel. No.: [___________]

        Fax: 312-558-5700

         

        and

         

        Vistas
Representative

Vistas Media Sponsor, LLC

        c/o
        F. Jacob Cherian

        30 Wall Street, 8th Floor

        New York, NY 10005

        Tel. No:[_____________]

	 	 	Email:	fjc@vmac.media

 

	If
    to a Shareholder, to the address of such Shareholder as set forth underneath such Shareholder’s name on the signature
    page hereto (or in the Joinder Agreement).

 

    -10-

     

    

 

Section
5.03 Interpretation.

 

The
headings and captions used in this Agreement and the table of contents to this Agreement are for reference purposes only and shall
not affect in any way the meaning or interpretation of this Agreement. Any capitalized terms used in any Exhibit attached hereto
and not otherwise defined therein shall have the meanings set forth in this Agreement. The use of the word “including”
(and with correlative meaning “include”) herein shall mean “including without limitation.” The words “hereof,”
“herein,” and “hereunder” and words of similar import, when used in this Agreement, shall refer to this
Agreement as a whole and not to any particular provision of this Agreement. References herein to a specific Section, Subsection,
Recital or Exhibit shall refer, respectively, to Sections, Subsections, Recitals or Exhibits of this Agreement. Terms defined
in the singular shall have a comparable meaning when used in the plural, and vice versa. References herein to any gender shall
include each other gender. The word “or” shall not be exclusive unless the context clearly requires the selection
of one (but not more than one) of a number of items. References to “written” or “in writing” include in
electronic form. References herein to any Person shall include such Person’s heirs, executors, personal representatives,
administrators, successors and assigns; provided, however, that nothing contained in this Section 5.03 is intended to authorize
any assignment or transfer not otherwise permitted by this Agreement. References herein to a Person in a particular capacity or
capacities shall exclude such Person in any other capacity. Any reference to “days” shall mean calendar days unless
Business Days are expressly specified; provided, that if any action is required to be done or taken on a day that is not a Business
Day, then such action shall be required to be done or taken not on such day but on the first succeeding Business Day thereafter.
References herein to any Contract or agreement (including this Agreement) mean such Contract or agreement as amended, restated,
supplemented or modified from time to time in accordance with the terms thereof. Any Law or Order defined or referred to herein
means such Law or Order as from time to time amended, modified or supplemented, including, in the case of statutes, by regulations,
rules or orders, and by succession of comparable successor statutes, regulations, rules or orders. With respect to the determination
of any period of time, the word “from” means “from and including” and the words “to” and “until”
each means “to but excluding.” References herein to any law shall be deemed also to refer to all rules and regulations
promulgated thereunder. The word “extent” in the phrase “to the extent” (or similar phrases) shall mean
the degree to which a subject or other thing extends, and such phrase shall not mean simply “if”. An accounting term
not otherwise defined in this Agreement has the meaning assigned to it in accordance with IFRS or GAAP, as applicable, based on
the accounting principles used by the applicable Person. Except where otherwise expressly provided, all amounts in this Agreement
are stated and shall be paid in United States currency. Any reference in this Agreement to a Person’s directors shall include
any member of such Person’s governing body and any reference in this Agreement to a Person’s officers shall include
any Person filling a substantially similar position for such Person. Any reference in this Agreement to a Person’s shareholders
or Shareholders shall include any applicable owners of the equity interests of such Person, in whatever form. The parties hereto
and their respective counsel have reviewed, negotiated and adopted this Agreement as the joint agreement and understanding of
the parties, and the language used in this Agreement shall be deemed to be the language chosen by the parties to express their
mutual intent, and no rule of strict construction shall be applied against any Person.

 

Section
5.04 Severability.

 

If
any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall
remain in full force and effect and shall in no way be affected, impaired or invalidated. Upon such a determination, the parties
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in an acceptable manner so that the transactions contemplated hereby are consummated as originally contemplated to the fullest
extent possible.

 

    -11-

     

    

 

Section
5.05 Entire Agreement.

 

This
Agreement (together with the Business Combination Agreement, the Escrow Agreement to the extent incorporated herein, and including
all agreements entered into pursuant hereto or thereto or referenced herein or therein and all certificates and instruments delivered
pursuant hereto and thereto) constitutes the sole and entire agreement of the parties with respect to the subject matter contained
herein and therein, and supersedes all prior and contemporaneous understandings and agreements, both written and oral, with respect
to such subject matter; provided, that, for the avoidance of doubt, the foregoing shall not affect the rights and obligations
of the parties under the Business Combination Agreement or any other Transaction Agreement.

 

Section
5.06 Amendment and Modification; Waiver.

 

This
Agreement may be amended only by a written instrument signed by the Company and Shareholders holding a majority of the Common
Stock held by all Shareholders and the Sponsor; provided, however, that no such amendment shall materially adversely
change the rights or obligations of any Shareholder disproportionately generally vis a vis other Shareholders party to this Agreement
without the written approval of such disproportionately affected Shareholder. 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 and the Sponsor. 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.

 

Section
5.07 Successors and Assigns.

 

This
Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted
assigns and transferees. Neither this Agreement nor any right, benefit, remedy, obligation or liability arising hereunder may
be assigned by a Shareholder without the prior written consent of the Company, and any attempted assignment without such consent
shall be null and void and of no effect; provided that a Shareholder may assign any and all of its rights under this Agreement,
together with its Common Stock, to a permitted transferee in compliance with Section 2.02 hereof. This Agreement and the
rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole or in part, unless
the Company first provides Shareholders holding Common Stock at least ten (10) Business Days prior written notice; provided that
no assignment or delegation by the Company will relieve the Company of its obligations under this Agreement unless Shareholders
holding a majority-in-interest of the Common Stock provide their prior written consent, which consent must not be unreasonably
withheld, delayed or conditioned.

 

Section
5.08 Third-Party Beneficiaries.

 

This
Agreement is for the sole benefit of the parties hereto and their respective successors and assigns and transferees and nothing
herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit
or remedy of any nature whatsoever under or by reason of this Agreement; provided that Vistas Media Sponsor, LLC (“Sponsor”)
is a third party beneficiary to this Agreement and shall be entitled to enforce its terms as if it was a party to this Agreement.

 

    -12-

     

    

 

Section
5.09 Governing Law.

 

This
Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to any
choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than those of the State of New York.

 

Section
5.10 Equitable Remedies.

 

Each
party hereto acknowledges that the other parties hereto would be irreparably damaged in the event of a breach or threatened breach
by such party of any of its obligations under this Agreement and hereby agrees that in the event of a breach or a threatened breach
by such party of any such obligations, each of the other parties hereto shall, in addition to any and all other rights and remedies
that may be available to them at law, in equity, by statute or otherwise in respect of such breach or threatened breach, be entitled
to an injunction from a court of competent jurisdiction (without any requirement to post bond) granting such parties specific
performance by such party of its obligations under this Agreement.

 

Section
5.11 Counterparts.

 

This
Agreement and agreements, certificates, instruments and documents entered into in connection herewith may be executed and delivered
in one or more counterparts and by fax, pdf, email or other electronic document transmission, each of which shall be deemed an
original and all of which shall be considered one and the same agreement. No party shall raise the use of a fax machine, pdf,
email or other electronic document transmission to deliver a signature or the fact that any signature or agreement or instrument
was transmitted or communicated through the use of a fax machine, pdf, email or other electronic document transmission as a defense
to the formation or enforceability of a Contract and each party forever waives any such defense.

 

Section
5.12 Arbitration.

 

(a)
Any and all disputes, controversies and claims (other than applications for a temporary restraining order, preliminary injunction,
permanent injunction or other equitable relief or application for enforcement of a resolution under this Section 5.12 arising
out of, related to, or in connection with this Agreement or the transactions contemplated hereby (a “Dispute”)
shall be governed by this Section 5.12. A party (a “Disputing Party”) must, in the first instance, provide
written notice of any Disputes to the Company (a “Dispute Notice”), which Dispute Notice must provide a reasonably
detailed description of the matters subject to the Dispute. The Disputing Party and the Company shall seek to resolve the Dispute
on an amicable basis within ten (10) Business Days of the Dispute Notice being received by the Company (the “Dispute
Resolution Period”); provided, that if any Dispute would reasonably be expected to have become moot or otherwise irrelevant
if not decided within sixty (60) days after the occurrence of such Dispute, then there shall be no Dispute Resolution Period with
respect to such Dispute.

 

    -13-

     

    

 

(b)
Any Dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination,
shall be referred to and finally resolved by arbitration under the International Centre for Dispute Resolution (“ICDR”)
International Dispute Resolution Rules and Procedures (the “ICDR Rules”), which ICDR Rules are deemed to be
incorporated by reference into this Section 5.12. Any Party involved in such Dispute may submit the Dispute to the ICDR
to commence the proceedings after the Dispute Resolution Period. The decision of the arbitration panel shall be final and binding
on the Parties, and it will not be subject to any appeal or proceedings to vacate. The arbitration award may be enforced in any
court of competent jurisdiction.

 

(c)
The situs of the arbitration and any evidentiary proceedings shall be New York and all proceedings and submissions shall be in
the English language. The panel may conduct proceedings in other locations if necessary for the taking of evidence or as
otherwise agreed by the Parties involved in such arbitration.

 

(d)
The arbitration panel shall consist of three members, one to be appointed by the Disputing Party, one to be appointed by the Company,
and the third arbitrator, who shall preside over the arbitration panel, to be chosen by the two party-appointed arbitrators.
If either the Disputing Party or the Company fails to appoint an arbitrator or the two Party-appointed arbitrators fail to appoint
the third within the time periods prescribed below, then the appointments shall be made by the ICDR pursuant to the ICDR Rules.

 

(e)
Arbitration may be commenced by the Disputing Party or the Company by giving written notice to the other setting out the nature
of the dispute and to the ICDR pursuant to the ICDR Rules. Within five (5) Business Days of such notice, the party demanding
arbitration shall appoint its arbitrator. Within fifteen (15) Business Days of that appointment, the other party shall appoint
its arbitrator. Within thirty (30) calendar days after the appointment of both party-appointed arbitrators, those two party-appointed
arbitrators shall appoint the third arbitrator.

 

(f)
Except as required by applicable Law, none of Disputing Party or the Company or the arbitration panel may disclose the existence,
content or results of the arbitration unless and to the extent that disclosure is required by applicable Law or is necessary for
permitted court proceedings.

 

Section
5.13 Jurisdiction and Venue; Waiver of Jury Trial.

 

Each
party irrevocably agrees that the courts of first, the Supreme Court of New York, County of New York, or if such court declines
jurisdiction, then to the federal court sitting in the State of New York, Borough of Manhattan in the City of New York (and in
each case, any appellate courts of the foregoing courts), shall have exclusive jurisdiction to settle any dispute or claim arising
out of or in connection with this Agreement or its subject matter, construction, interpretation, validity, enforceability or formation
(including non-contractual disputes or claims). Each party hereto agrees that a final judgment in any dispute, action or legal
proceeding so brought shall be conclusive and may be enforced by suit on the judgment or in any other manner provided by law or
at equity. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHTS TO, AND AGREES NOT TO REQUEST, TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATED TO
THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY.

 

    -14-

     

    

 

Section
5.14 Additional Securities Subject to Agreement

 

Each
Shareholder agrees that any other Company Equity Interests which it shall hereafter acquire by means of a stock split, stock dividend
or distribution on any of its Restricted Shares or Registrable Securities shall be subject to the provisions of this Agreement
to the same extent as if held on the date hereof.

 

Section
5.15 Further Assurances

 

Each
party to this Agreement shall cooperate and take such action as may be reasonably requested by another party to this Agreement
in order to carry out the provisions and purposes of this Agreement and the transactions contemplated hereby.

 

 

[Signature
Page Immediately Follows]

 

    -15-

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers
as of the day and year first above written.

 

	 	Company:
	 	 	 
	 	ANGHAMI
    INC.
	 	 	 
	 	By:	
	 	 	Name:
	 		Title:

 

 

[Signature
Page to Lock-Up Agreement]

 

    -16-

     

    

 

	 	Shareholders:
	 	 	 
	 	[NAME OF SHAREHOLDER]
	 	 	 
	 	By:	
	 	 	Name:
	 		Title:
	 	 	 
	 	Address for Notices:
	 	 
	 	 
	 	 
	 	 

	 	Attn:	
	 	Tel. No.:	
	 	Fax No.:	 
	 	Email:	 

 

[Signature
Page to Lock-Up Agreement]

 

    -17-

     

    

 

EXHIBIT
A

JOINDER AGREEMENT

 

This
Joinder Agreement (this “Joinder Agreement”) is made as of the date written below by the undersigned (the “Joining
Party”) in accordance with the Lock-Up Agreement dated as of [●], 2021 (as the same may be amended from time to
time, the “Lock-Up Agreement”) by and among Anghami Inc., a Cayman Islands exempted company and wholly-owned
subsidiary of the Company, and the Shareholders (as defined therein). Capitalized terms used, but not defined, herein shall have
the meaning ascribed to such terms in the Lock-Up Agreement.

 

The
Joining Party hereby acknowledges and agrees that, by its execution of this Joinder Agreement, the Joining Party shall be deemed
to be a party under the Lock-Up Agreement as of the date hereof and shall have all of the rights and obligations of the Shareholder
from whom it has acquired the Common Stock (to the extent permitted by the Lock-Up) as if it had executed the Lock-Up as an original
Shareholder party thereto. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms,
provisions and conditions contained in the Lock-Up Agreement, and hereby makes to the Company and the other Shareholders all of
the representations and warranties set forth in Section 3.01 of the Lock-Up Agreement as of the date hereof.

 

IN
WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the date written below.

 

	Date: _________________,
    20[  ]	 	 
	 	 	 	 
	[NAME OF
    JOINING PARTY]	 	Address
    for Joining Party for Notices:
	 	 	 
	 	 	 	 
	By:	      	 	 
	Name:	 	 
	Title:	 	Attn:	 
	 	 	Fax No.:	 
	 	 	Tel. No.:	 
	 	 	 	Email:	 

 

ACCEPTED
AND AGREED ON THIS [     ] day of [                    ], 20[   ]:

 

	ANGHAMI INC.	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

    A-1

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