Document:

EXECUTION
COPY

 

REGISTRATION
RIGHTS AGREEMENT

 

REGISTRATION
RIGHTS AGREEMENT (this “Agreement”), dated as of August 30, 2018 (the “Execution Date”),
by and between MGT CAPITAL INVESTMENTS, INC., a Delaware corporation (the “Company”), and L2 CAPITAL,
LLC, a Kansas limited liability company (together with its permitted assigns, the “Buyer”). Capitalized
terms used herein and not otherwise defined herein shall have the respective meanings set forth in that certain Equity Purchase
Agreement by and between the parties hereto, dated as of the Execution Date (as amended, restated, supplemented or otherwise modified
from time to time, the “Purchase Agreement”).

 

WHEREAS:

 

The
Company has agreed, upon the terms and subject to the conditions of the Purchase Agreement, to sell to the Buyer up to Thirty-Five
Million Dollars ($35,000,000.00) of Put Shares and to induce the Buyer to enter into the Purchase Agreement, the Company has agreed
to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder,
or any similar successor statute (collectively, the “Securities Act”), and applicable state securities laws.

 

NOW,
THEREFORE, in consideration of the promises and the mutual covenants contained herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and the Buyer hereby agree as follows:

 

1.
DEFINITIONS.

 

As
used in this Agreement, the following terms shall have the following meanings:

 

a.
“Investor” means the Buyer, any transferee or assignee thereof to whom the Buyer assigns its rights under this
Agreement in accordance with Section 9 and who agrees to become bound by the provisions of this Agreement, and any transferee
or assignee thereof to whom a transferee or assignee assigns its rights under this Agreement in accordance with Section
9 and who agrees to become bound by the provisions of this Agreement.

 

b.
“Person” means any individual or entity including but not limited to any corporation, a limited liability company,
an association, a partnership, an organization, a business, an individual, a governmental or political subdivision thereof or
a governmental agency.

 

c.
“Register,” “Registered,” and “Registration” refer to a registration
effected by preparing and filing one or more registration statements and/or prospectus supplements of the Company in compliance
with the Securities Act and/or pursuant to Rule 415 under the Securities Act or any successor rule providing for offering securities
on a continuous basis (“Rule 415”), and the declaration or ordering of effectiveness of such registration statement(s)
by the United States Securities and Exchange Commission (the “SEC”).

 

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d.
“Registrable Securities” means all of the Put Shares which have been, or which may, from time to time be issued,
including without limitation all of the shares of common stock which have been issued or will be issued to the Investor under
the Purchase Agreement (without regard to any limitation or restriction on purchases), and any and all shares of capital stock
issued or issuable with respect to the Put Shares, and shares of common stock issued to the Investor as a result of any stock
split, stock dividend, recapitalization, exchange or similar event or otherwise, without regard to any limitation on purchases
under the Purchase Agreement.

 

e.
“Registration Statement” means, at the selection of the Buyer, (i) one or more registration statements on Form
S-3 of the Company or (ii) one or more prospectus supplements to an effective registration statement on Form S-3, which such prospectus
supplements are eligible to register the Registrable Securities under the Securities Act, each covering only the sale of the Registrable
Securities.

 

2.
REGISTRATION.

 

a.
Mandatory Registration. The Company shall, by September 30, 2018, file with the SEC an initial Registration Statement covering
the maximum number of Registrable Securities as shall be permitted to be included thereon in accordance with applicable SEC rules,
regulations and interpretations so as to permit the sale and/or resale of such Registrable Securities by the Investor, including
but not limited to under Rule 415 under the Securities Act at then prevailing market prices (and not fixed prices), as mutually
determined by both the Company and the Investor in consultation with their respective legal counsel, subject to the aggregate
number of authorized shares of the Company’s Common Stock then available for issuance in its Certificate of Incorporation
(the “Initial Registration Statement”). The Initial Registration Statement shall register only the Registrable
Securities. The Company shall use its reasonable best efforts to have the Initial Registration Statement and any amendment thereto
declared effective by the SEC at the earliest possible date (in any event, within sixty (60) calendar days after the date of this
Agreement).

 

b.
Rule 424 Prospectus. In addition to the Initial Registration Statement, the Company shall, as required by applicable securities
regulations, from time to time file with the SEC, pursuant to Rule 424 promulgated under the Securities Act, such prospectuses
and prospectus supplements, to be used in connection with sales of the Registrable Securities under each Registration Statement.
The Investor and its counsel shall have a reasonable opportunity to review and comment upon such prospectuses prior to its filing
with the SEC, and the Company shall give due consideration to all such comments. The Investor shall use its reasonable best efforts
to comment upon any prospectus within two (2) business days from the date the Investor receives the final pre-filing version of
such prospectus.

 

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c.
Sufficient Number of Shares Registered. In the event the number of shares available under the Initial Registration Statement
is insufficient to cover all of the Registrable Securities, the Company shall amend the Initial Registration Statement or file
a new Registration Statement (a “New Registration Statement”), so as to cover all of such Registrable Securities
(subject to the limitations set forth in Section 2.e) as soon as practicable, but in any event not later than ten (10)
business days after the necessity therefor arises, subject to any limits that may be imposed by the SEC pursuant to Rule 415 under
the Securities Act. The Company shall use its reasonable best efforts to cause such amendment and/or New Registration Statement
to become effective as soon as practicable following the filing thereof. In the event that any of the Registrable Securities are
not included in the Initial Registration Statement, or have not been included in any New Registration Statement, and the Company
files any other registration statement under the Securities Act (other than on Form S-4, Form S-8, or with respect to other employee
related plans or rights offerings) (an “Other Registration Statement”) then the Company shall include in such
Other Registration Statement first all of such Registrable Securities that have not been previously Registered, and second any
other securities the Company wishes to include in such Other Registration Statement. The Company agrees that it shall not file
any such Other Registration Statement unless all of the Registrable Securities have been included in such Other Registration Statement
or otherwise have been Registered for sale and/or resale as described above.

 

d.
Effectiveness. The Investor and its counsel shall have a reasonable opportunity to review and comment upon any Registration
Statement and any amendment or supplement to such Registration Statement and any related prospectus prior to its filing with the
SEC, and the Company shall give due consideration to all reasonable comments. The Investor shall furnish all information reasonably
requested by the Company for inclusion therein. The Company shall use reasonable best efforts to keep all Registration Statements
effective, including but not limited to pursuant to Rule 415 promulgated under the Securities Act and available for the sale and/or
resale by the Investor of all of the Registrable Securities covered thereby at all times until the earlier of (i) the date as
of which the Investor may sell all of the Registrable Securities without restriction pursuant to Rule 144 promulgated under the
Securities Act and (ii) the date on which the Investor shall have sold all the Registrable Securities covered thereby and no Put
Shares remain issuable under the Purchase Agreement (the “Registration Period”). Each Registration Statement
(including any amendments or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of
a material fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein, in
light of the circumstances in which they were made, not misleading.

 

e.
Offering. If the staff of the SEC (the “Staff”) or the SEC seeks to characterize any offering pursuant
to a Registration Statement filed pursuant to this Agreement as constituting an offering of securities that does not permit such
Registration Statement to become or remain effective and be used for sales and/or resales by the Investor under Rule 415 at then-prevailing
market prices (and not fixed prices) by comment letter or otherwise, or if after the filing of the Initial Registration Statement
with the SEC pursuant to Section 2.a), the Company is otherwise required by the Staff or the SEC to reduce the number of
Registrable Securities included in such initial Registration Statement, then the Company shall reduce the number of Registrable
Securities to be included in such Initial Registration Statement (with the prior consent, which shall not be unreasonably withheld,
of the Investor and its legal counsel as to the specific Registrable Securities to be removed therefrom) until such time as the
Staff and the SEC shall so permit such Registration Statement to become effective and be used as aforesaid. In the event of any
reduction in Registrable Securities pursuant to this paragraph, the Company shall file one or more New Registration Statements
in accordance with Section 2.c) until such time as all Registrable Securities have been included in Registration Statements
that have been declared effective and the prospectus contained therein is available for use by the Investor. Notwithstanding any
provision herein or in the Purchase Agreement to the contrary, the Company’s obligations to register Registrable Securities
(and any related conditions to the Investor’s obligations) shall be qualified as necessary to comport with any requirement
of the SEC or the Staff as addressed in this Section 2.e).

 

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3.
RELATED OBLIGATIONS.

 

With
respect to a Registration Statement and whenever any Registrable Securities are to be Registered pursuant to Section 2,
including on any Other Registration Statement, the Company shall use its reasonable best efforts to effect the registration of
the Registrable Securities in accordance with the intended method of disposition thereof and, pursuant thereto, the Company shall
have the following obligations:

 

a.
The Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to any registration
statement and the prospectus used in connection with such registration statement, which prospectus is to be filed pursuant to
Rule 424 promulgated under the Securities Act, as may be necessary to keep the Registration Statement or any Other Registration
Statement effective at all times during the Registration Period, and, during such period, comply with the provisions of the Securities
Act with respect to the disposition of all Registrable Securities of the Company covered by the Registration Statement or any
Other Registration Statement until such time as all of such Registrable Securities shall have been disposed of in accordance with
the intended methods of disposition by the seller or sellers thereof as set forth in such registration statement.

 

b.
The Company shall permit the Investor to review and comment upon each Registration Statement or any Other Registration Statement
and all amendments and supplements thereto at least two (2) business days prior to their filing with the SEC, and not file any
document in a form to which Investor reasonably objects. The Investor shall use its reasonable best efforts to comment upon the
Registration Statement or any Other Registration Statement and any amendments or supplements thereto within two (2) business days
from the date the Investor receives the final version thereof. The Company shall furnish to the Investor, without charge, and
within one (1) business day, any comments and/or any other correspondence from the SEC or the Staff to the Company or its representatives
relating to the Registration Statement or any Other Registration Statement. The Company shall respond to the SEC or the Staff,
as applicable, regarding the resolution of any such comments and/or correspondence as promptly and in any event within two weeks
upon receipt thereof.

 

c.
Upon request of the Investor, the Company shall furnish to the Investor, (i) promptly after the same is prepared and filed with
the SEC, at least one copy of such registration statement and any amendment(s) thereto, including financial statements and schedules,
all documents incorporated therein by reference and all exhibits, (ii) upon the effectiveness of any registration statement, a
copy of the prospectus included in such registration statement and all amendments and supplements thereto (or such other number
of copies as the Investor may reasonably request) and (iii) such other documents, including copies of any preliminary or final
prospectus, as the Investor may reasonably request from time to time in order to facilitate the disposition of the Registrable
Securities owned by the Investor. For the avoidance of doubt, any filing available to the Investor via the SEC’s live EDGAR
system shall be deemed “furnished to the Investor” hereunder.

 

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d.
The Company shall use reasonable best efforts to (i) register and qualify the Registrable Securities covered by a registration
statement under such other securities or “blue sky” laws of Puerto Rico, Kansas, New York, Florida and such other
jurisdictions in the United States as the Investor reasonably requests, (ii) prepare and file in those jurisdictions, such amendments
(including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain
the effectiveness thereof during the Registration Period, (iii) take such other actions as may be necessary to maintain such registrations
and qualifications in effect at all times during the Registration Period, and (iv) take all other actions reasonably necessary
or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that the Company shall not
be required in connection therewith or as a condition thereto to (x) qualify to do business in any jurisdiction where it would
not otherwise be required to qualify but for this Section 3.d), (y) subject itself to general taxation in any such jurisdiction,
or (z) file a general consent to service of process in any such jurisdiction. The Company shall promptly notify the Investor who
holds Registrable Securities of the receipt by the Company of any notification with respect to the suspension of the registration
or qualification of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction
in the United States or its receipt of actual notice of the initiation or threatening of any proceeding for such purpose.

 

e.
As promptly as practicable after becoming aware of such event or facts, the Company shall notify the Investor in writing of the
happening of any event or existence of such facts as a result of which the prospectus included in any registration statement,
as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and promptly
prepare a supplement or amendment to such registration statement to correct such untrue statement or omission, and deliver a copy
of such supplement or amendment to the Investor (or such other number of copies as the Investor may reasonably request). The Company
shall also promptly notify the Investor in writing (i) when a prospectus or any prospectus supplement or post-effective amendment
has been filed, and when a registration statement or any post-effective amendment has become effective (notification of such effectiveness
shall be delivered to the Investor by email or facsimile on the same day of such effectiveness and by overnight mail), (ii) of
any request by the SEC for amendments or supplements to any registration statement or related prospectus or related information,
and (iii) of the Company’s reasonable determination that a post-effective amendment to a registration statement would be
appropriate.

 

f.
The Company shall use its reasonable best efforts to prevent the issuance of any stop order or other suspension of effectiveness
of any registration statement, or the suspension of the qualification of any Registrable Securities for sale in any jurisdiction
and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment
and to notify the Investor of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation
or threat of any proceeding for such purpose. In addition if the Company shall receive any comment letter from the SEC relating
to any registration statement under which Registrable Securities are Registered, Company shall notify the Investor of the issuance
of such order and use its reasonable best efforts to address such comments in a manner satisfactory to the SEC.

 

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g.
The Company shall (i) cause all the Registrable Securities to be listed on each securities exchange on which securities of the
same class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then permitted
under the rules of such exchange, or (ii) secure designation and quotation of all the Registrable Securities on the Principal
Market. The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section.

 

h.
The Company shall cooperate with the Investor to facilitate the timely preparation and delivery of DWAC Shares representing the
Registrable Securities to be offered pursuant to any registration statement.

 

i.
The Company shall at all times maintain the services of its Transfer Agent and registrar with respect to its Common Stock.

 

j.
If reasonably requested by the Investor, the Company shall (i) immediately incorporate in a prospectus supplement or
post-effective amendment such information as the Investor believes should be included therein relating to the sale and
distribution of Registrable Securities, including, without limitation, information with respect to the number of Registrable
Securities being sold, the purchase price being paid therefor and any other terms of the offering of the Registrable
Securities; (ii) make all required filings of such prospectus supplement or post-effective amendment as soon as practicable
upon notification of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (iii)
supplement or make amendments to any registration statement.

 

k.
The Company shall use its reasonable best efforts to cause the Registrable Securities covered by any registration statement to
be registered with or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition
of such Registrable Securities.

 

l.
Within one (1) business day after any registration statement which includes Registrable Securities is ordered effective by the
SEC, or any prospectus supplement including Registrable Securities is filed with the SEC, the Company shall deliver, and shall
cause legal counsel for the Company to deliver, to the Transfer Agent for such Registrable Securities (with copies to the Investor)
confirmation that such registration statement has been declared effective by the SEC in the form attached hereto as Exhibit
A. Thereafter, if requested by the Investor at any time, the Company shall require its counsel to deliver to the Investor
a written confirmation whether or not (i) the effectiveness of such registration statement has lapsed at any time for any reason
(including, without limitation, the issuance of a stop order), (ii) any comment letter has been issued by the SEC and (iii) whether
or not the registration statement is current and available to the Investor for sale of all of the Registrable Securities.

 

m.
The Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable
Securities pursuant to any registration statement.

 

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4.
OBLIGATIONS OF THE INVESTOR.

 

a.
The Company shall notify the Investor in writing of the information the Company reasonably requires from the Investor in connection
with any registration statement hereunder. The Investor shall furnish to the Company such information regarding itself, the Registrable
Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably required
to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration
as the Company may reasonably request. Notwithstanding the foregoing, the Registration Statement shall contain the “Plan
of Distribution” and, if applicable the “Selling Stockholder” section, each in substantially the form provided
to the Company by the Investor.

 

b.
The Investor agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and
filing of any registration statement or prospectus supplement hereunder.

 

c.
The Investor agrees that, upon receipt of any notice from the Company of the happening of any event or existence of facts of the
kind described in Section 3.f) or the first sentence of Section 3(e), the Investor will immediately discontinue
disposition of Registrable Securities pursuant to any registration statement(s) covering such Registrable Securities until withdrawal
of a stop order contemplated by Section 3.f) or the Investor’s receipt of the copies of the supplemented or amended
prospectus contemplated by Section 3.e). Notwithstanding anything to the contrary, the Company shall cause its Transfer
Agent to promptly issue DWAC Shares in accordance with the terms of the Purchase Agreement in connection with any sale of Registrable
Securities with respect to which an Investor has entered into a contract for sale prior to the Investor’s receipt of a notice
from the Company of the happening of any event of the kind described in Section 3.f) or the first sentence of Section
3.e) and for which the Investor has not yet settled.

 

5.
EXPENSES OF REGISTRATION.

 

All
reasonable expenses, other than sales or brokerage commissions, incurred in connection with registrations, filings or qualifications
pursuant to Sections 2 and 3, including, without limitation, all registration, listing and qualifications fees,
printers and accounting fees, and fees and disbursements of counsel for the Company, shall be paid by the Company.

 

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6.
INDEMNIFICATION.

 

a.
To the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend the Investor, each
Person, if any, who controls or is under common control with the Investor, the members, the directors, officers, partners, employees,
agents, representatives of the Investor and each Person, if any, who is an “affiliate” of the Investor within the
meaning of the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (each,
an “Indemnified Person”), against any losses, claims, damages, liabilities, judgments, fines, penalties, charges,
costs, attorneys’ fees, amounts paid in settlement or expenses, joint or several, (collectively, “Claims”)
incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken
from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether
pending or threatened, whether or not an Indemnified Person is or may be a party thereto (“Indemnified Damages”),
to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in
respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in a
Registration Statement, any Other Registration Statement or any post-effective amendment thereto or in any filing made in connection
with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction in which
Registrable Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to state a material
fact required to be stated therein or necessary to make the statements therein not misleading, (ii) any untrue statement or alleged
untrue statement of a material fact contained in the final prospectus (as amended or supplemented, if the Company files any amendment
thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to
make the statements made therein, in light of the circumstances under which the statements therein were made, not misleading,
(iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any other law, including, without
limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable Securities
pursuant to a Registration Statement or any Other Registration Statement or (iv) any material violation by the Company of this
Agreement (the matters in the foregoing clauses (i) through (iv) being, collectively, “Violations”). The Company
shall reimburse each Indemnified Person promptly as such expenses are incurred and are due and payable, for any reasonable legal
fees or other reasonable expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding
anything to the contrary contained herein, the indemnification agreement contained in this Section 6.a): (i) shall not
apply to a Claim by an Indemnified Person arising out of or based upon a Violation which occurs in reliance upon and in conformity
with information about the Investor furnished in writing to the Company by such Indemnified Person expressly for use in connection
with the preparation of a Registration Statement, any Other Registration Statement or any such amendment thereof or supplement
thereto, if such prospectus was timely made available by the Company pursuant to Section 3(c) or Section 3.e); (ii)
with respect to any superseded prospectus, shall not inure to the benefit of any such person from whom the person asserting any
such Claim purchased the Registrable Securities that are the subject thereof (or to the benefit of any person controlling such
person) if the untrue statement or omission of material fact contained in the superseded prospectus was corrected in the revised
prospectus, as then amended or supplemented, if such revised prospectus was timely made available by the Company pursuant to Section
3(c) or Section 3.e), and the Indemnified Person was promptly advised in writing not to use the incorrect prospectus
prior to the use giving rise to a violation and such Indemnified Person, notwithstanding such advice, used it; (iii) shall not
be available to the extent such Claim is based on a failure of the Investor to deliver or to cause to be delivered the prospectus
made available by the Company, if such prospectus was timely made available by the Company pursuant to Section 3(c) or
Section 3.e); and (iv) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without
the prior written consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full
force and effect regardless of any investigation made by or on behalf of the Indemnified Person and shall survive the transfer
of the Registrable Securities by the Investor pursuant to Section 9.

 

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b.
Promptly after receipt by an Indemnified Person under this Section 6 of notice of the commencement of any action or proceeding
(including any governmental action or proceeding) involving a Claim, such Indemnified Person shall, if a Claim in respect thereof
is to be made against the Company under this Section 6, deliver to the Company a written notice of the commencement thereof,
and the Company shall have the right to participate in, and, to the extent the Company so desires, to assume control of the defense
thereof with counsel mutually satisfactory to the Company and the Indemnified Person; provided, however, that an Indemnified Person
shall have the right to retain its own counsel with the fees and expenses to be paid by the Company, if, in the reasonable opinion
of counsel retained by the Company, the representation by such counsel of the Indemnified Person and the Company would be inappropriate
due to actual or potential differing interests between such Indemnified Person and any other party represented by such counsel
in such proceeding. The Indemnified Person shall cooperate fully with the Company in connection with any negotiation or defense
of any such action or Claim by the Company and shall furnish to the Company all information reasonably available to the Indemnified
Person which relates to such action or Claim. The indemnifying party shall keep the Indemnified Person fully apprised at all times
as to the status of the defense or any settlement negotiations with respect thereto. The Company shall not be liable for any settlement
of any action, Claim or proceeding effectuated without its written consent, provided, however, that the Company shall not unreasonably
withhold, delay or condition its consent. The Company shall not, without the consent of the Indemnified Person, consent to entry
of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving
by the claimant or plaintiff to such Indemnified Person of a release from all liability in respect to such Claim or litigation.
Following indemnification as provided for hereunder, the Company shall be subrogated to all rights of the Indemnified Person with
respect to all third parties, firms or corporations relating to the matter for which indemnification has been made. The failure
to deliver written notice to the Company within a reasonable time of the commencement of any such action shall not relieve the
Company of any liability to the Indemnified Person under this Section 6, except to the extent that the Company is prejudiced
in its ability to defend such action.

 

c.
The indemnification required by this Section 6 shall be made by periodic payments of the amount thereof during the course
of the investigation or defense, as and when bills are received or Indemnified Damages are incurred.

 

d.
The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified
Person against the Company or others, and (ii) any liabilities the Company may be subject to pursuant to the law.

 

7.
CONTRIBUTION.

 

To
the extent any indemnification by the Company is prohibited or limited by law, the Company agrees to make the maximum contribution
with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law;
provided, however, that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty
of fraudulent misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the
net amount of proceeds received by such seller from the sale of such Registrable Securities.

 

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8.
REPORTS AND DISCLOSURE UNDER THE SECURITIES ACTS.

 

With
a view to making available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any other similar
rule or regulation of the SEC that may at any time permit the Investor to sell securities of the Company to the public without
registration (“Rule 144”), the Company agrees, at the Company’s sole expense, to:

 

a.
make and keep “current public information” available, as such term is understood and defined in Rule 144;

 

b.
file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the
Exchange Act;

 

c.
furnish to the Investor so long as the Investor owns Registrable Securities, promptly upon request, (i) a written statement by
the Company that it has complied with the reporting and or disclosure provisions of Rule 144, the Securities Act and the Exchange
Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by
the Company, and (iii) such other information as may be reasonably requested to permit the Investor to sell such securities pursuant
to Rule 144 without registration; and

 

d.
take such additional action as is requested by the Investor to enable the Investor to sell the Registrable Securities pursuant
to Rule 144, including, without limitation, delivering all such legal opinions, consents, certificates, resolutions and instructions
to the Company’s Transfer Agent as may be requested from time to time by the Investor at the Company’s expense and
otherwise fully cooperate with Investor and Investor’s broker to effect such sale of securities pursuant to Rule 144.

 

The
Company agrees that damages may be an inadequate remedy for any breach of the terms and provisions of this Section 8 and
that Investor shall, whether or not it is pursuing any remedies at law, be entitled to equitable relief in the form of a preliminary
or permanent injunctions, without having to post any bond or other security, upon any breach or threatened breach of any such
terms or provisions.

 

9.
ASSIGNMENT OF REGISTRATION RIGHTS.

 

The
Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Buyer,
or any Investor as assignee pursuant to this Section 9. The Buyer, or any Investor, may not assign its rights under this
Agreement without the written consent of the Company other than to an affiliate of such Investor.

 

10.
AMENDMENT OF REGISTRATION RIGHTS.

 

No
provision of this Agreement may be amended or waived by the parties from and after the date that is one business day immediately
preceding the initial filing of the Initial Registration Statement with the SEC. Subject to the immediately preceding sentence,
no provision of this Agreement may be (i) amended other than by a written instrument signed by both parties hereto or (ii) waived
other than in a written instrument signed by the party against whom enforcement of such waiver is sought. Failure of any party
to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall
not operate as a waiver thereof.

 

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11.
MISCELLANEOUS.

 

a.
A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable
Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the
same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered
owner of such Registrable Securities.

 

b.
Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must
be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when
sent by email (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending
party); or (iii) one (1) business day after deposit with a nationally recognized overnight delivery service, in each case properly
addressed to the party to receive the same. The addresses for such communications shall be:

 

If
to the Company:

 

MGT
Capital Investments, Inc.

512 S. Mangum Street, Suite 408

Durham,
NC 27701 Email: rladd@mgtci.com

Attention:
Robert Ladd, CEO

 

If
to the Investor:

 

L2
Capital, LLC

208
Ponce de Leon Ave., Suite 1600

San Juan, PR 00918

Email:
investments@ltwocapital.com

Attention: Adam Long, Managing Partner

 

with
a copy to (that shall not constitute notice)

 

K&L Gates
LLP

200
S. Biscayne Blvd., Suite 3900

Miami,
FL 33131

E-mail:
john.owens@klgates.com

Attention: John D. Owens, III, Esq.

 

    	 	11	 

    	EXECUTION COPY

    

 

or
at such other address and/or email address and/or to the attention of such other person as the recipient party has specified by
written notice given to each other party three (3) business days prior to the effectiveness of such change. Written confirmation
of receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically
generated by the sender’s email account containing the time, date, recipient email address, as applicable, and an image
of the first page of such transmission or (C) provided by a nationally recognized overnight delivery service, shall be rebuttable
evidence of personal service, receipt by email or receipt from a nationally recognized overnight delivery service in accordance
with clause (i), (ii) or (iii) above, respectively.

 

c.
The corporate laws of the State of Kansas shall govern all issues concerning this Agreement. All other questions concerning the
construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of
Kansas, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Kansas or any
other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Kansas.

 

d.
Any disputes, Claims, or controversies hereunder or in connection herewith or with any transaction contemplated hereby or discussed
herein shall be referred to and resolved solely and exclusively by binding arbitration to be conducted before the Judicial Arbitration
and Mediation Service (“JAMS”), or its successor pursuant the expedited procedures set forth in the JAMS Comprehensive
Arbitration Rules and Procedures (the “Rules”), including Rules 16.1 and 16.2 of those Rules. The arbitration
shall be held in New York, New York, before a tribunal consisting of three (3) arbitrators each of whom will be selected in accordance
“strike and rank” methodology set forth in Rule 15. Either party to this Agreement may, without waiving any remedy
under this Agreement, seek from any court having jurisdiction any interim or provisional relief that is necessary to protect the
rights or property of that party, pending the establishment of the arbitral tribunal. The costs and expenses of such arbitration
shall be allocated as determined by the arbitrators, and the arbitrators are authorized to award attorneys’ fees to the
prevailing party, including pre and post award interest. The arbitrators’ decision must set forth a reasoned basis for any
award of damages or finding of liability. The arbitrators’ decision and award will be made and delivered as soon as reasonably
possibly and in any case within sixty (60) days’ following the conclusion of the arbitration hearing and shall be final
and binding on the parties and may be entered by any court having jurisdiction thereof.

 

e.
If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability
shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability
of any provision of this Agreement in any other jurisdiction.

 

f.
EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT
IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY
TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
CONTEMPLATED HEREBY.

 

g.
This Agreement and the Purchase Agreement constitute the entire agreement among the parties hereto with respect to the subject
matter hereof and thereof. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred
to herein and therein. This Agreement and the Purchase Agreement supersede all prior agreements and understandings among the parties
hereto with respect to the subject matter hereof and thereof.

 

    	 	12	 

    	EXECUTION COPY

    

 

h.
Subject to the requirements of Section 9, this Agreement shall inure to the benefit of and be binding upon the successors
and permitted assigns of each of the parties hereto.

 

i.
The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

j.
This Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute
one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile
transmission or by e-mail in a “.pdf” format data file of a copy of this Agreement bearing the signature of the party
so delivering this Agreement.

 

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

 

l.
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and
no rules of strict construction will be applied against any party.

 

m.
This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns, and is
not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

*
* * * * *

 

    	 	13	 

    	EXECUTION COPY

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the Execution Date.

 

	 	THE
    COMPANY:
	 	 	 
	 	MGT CAPITAL INVESTMENTS, INC.
	 	 	 
	 	By:	/s/
    Robert Ladd
	 	Name: 	Robert
    Ladd
	 	Title:
    	Chief
    Executive Officer

 

	 	BUYER:
	 	 	 
	 	L2 CAPITAL, LLC
	 	 	 
	 	By:
    	/s/ Adam Long
	 	Name:	Adam
        Long

        

	 	Title:	Managing
    Partner

 

    	 	 	 

    	 	 	EXECUTION
                                         COPY

    

 

EXHIBIT
A

 

TO
REGISTRATION RIGHTS AGREEMENT

 

FORM
OF NOTICE OF EFFECTIVENESS

OF REGISTRATION STATEMENT

 

__________,
2018

 

VStock
Transfer LLC

18
Lafayette Place

Woodmere,
NY 11598

 

Re:
EFFECTIVENESS OF REGISTRATION STATEMENT

 

Ladies
and Gentlemen:

 

We
are counsel to MGT CAPITAL INVESTMENTS, INC., a Delaware corporation (the “Company”), and have represented
the Company in connection with that certain Equity Purchase Agreement, dated as of August 30, 2018 (the “Purchase Agreement”),
entered into by and between the Company and L2 Capital, LLC (the “Buyer”) pursuant to which the Company has
agreed to issue to the Buyer shares of the Company’s Common Stock, $0.001 par value (the “Common Stock”),
in an amount up to Thirty-Five Million Dollars ($35,000,000.00) (the “Put Shares”), in accordance with the
terms of the Purchase Agreement. In connection with the transactions contemplated by the Purchase Agreement, the Company has registered
with the U.S. Securities & Exchange Commission [___________] Put Shares to be issued to the Buyer upon purchase from the Company by
the Buyer from time to time in accordance with the Purchase Agreement.

 

Pursuant
to the Purchase Agreement, the Company also has entered into a Registration Rights Agreement, of even date with the Purchase Agreement
with the Buyer (the “Registration Rights Agreement”) pursuant to which the Company agreed, among other things,
to register the Put Shares under the Securities Act of 1933, as amended (the “Securities Act”). In connection
with the Company’s obligations under the Purchase Agreement and the Registration Rights Agreement, on [  _________________________],
2018, the Company filed a Registration Statement (File No. 333-[______________  ]) (the “Registration Statement”)
with the Securities and Exchange Commission (the “SEC”) relating to the sale and/or resale of the Put Shares,
[and on [  ], 2018, the Company filed a prospectus supplement to the Registration Statement relating to the sale
and/or resale of the Put Shares].

 

In
connection with the foregoing, we advise you that a member of the SEC’s staff has advised us by telephone that the SEC has
entered an order declaring the Registration Statement effective under the Securities Act at [_  ] [A.M./P.M.] on [_  ],
2018 and we have no knowledge, after telephonic inquiry of a member of the SEC’s staff, that any stop order suspending its
effectiveness has been issued or that any proceedings for that purpose are pending before, or threatened by, the SEC, and the
Put Shares are available for sale and/or resale under the Securities Act pursuant to the Registration Statement and may be issued
without any restrictive legend.

 

	 	Very truly yours,
	 	Sichenzia Ross Ference Kesner LLP
	 	 	 
	 	By:	                                           

 

cc:
L2 Capital, LLCEX-4.1

 Exhibit 4.1 

REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of [●], 2018, by and among
Remora Holdings, LLC, a Delaware limited liability company (“Remora”), Remora Royalties, Inc., a Delaware corporation (together with its successors and assigns, the “Company”), and each of the parties
listed as Owners on the execution page hereof (collectively, the “Owners” and individually, an “Owner”). 

1.    Recitals. 

WHEREAS, in connection with, and in consideration of, the transactions contemplated by the Company’s Registration Statement on Form S-1 (File No. 333-226180), the Company has agreed to provide the Owners certain registration rights with respect to the Registrable Securities (as hereinafter
defined) as set forth herein. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each party hereto, the parties hereby agree as follows: 

2.    Registration under Securities Act, etc. 

2.1.    Registration on Request. 

(a)    Concurrently with the expiration of, and from time to time after, the
Lock-Up Period, upon the written request of one or more holders of Registrable Securities (a “Registration Request”), requesting that the Company effect the registration under the
Securities Act of all or a portion of such holders’ Registrable Securities and specifying the intended method of disposition thereof and whether such requested registration is to be an underwritten offering: 

(i)    The Company will promptly give written notice of the Registration Request to all other holders of
Registrable Securities, if any; and 
 (ii)    Subject to the limitations set forth in
Section 2.1(e) below, the Company shall effect, as soon thereafter as practicable, but not more than sixty (60) days immediately after the Company’s receipt of the Registration Request, the registration under the
Securities Act of: 
 (A)    the Registrable Securities that the Company has been so requested to
register by such holders, and 
 (B)    all other Registrable Securities that the Company has been
requested to register by the holders thereof by written request given to the Company within five Business Days after the giving of such written notice by the Company specified in Section 2.1(a)(i) all to the extent
requisite to permit the disposition (in accordance with the intended methods thereof as aforesaid) of the Registrable Securities so to be registered. 

 (b)    Registration of Other Securities. Whenever
the Company shall effect a registration pursuant to this Section 2.1 in connection with an underwritten offering by one or more holders of Registrable Securities, no securities other than Registrable Securities shall be
included among the securities covered by such registration unless (i) the managing underwriter of such offering shall have advised each holder of Registrable Securities to be covered by such registration in writing that the inclusion of such
other securities would not adversely affect such offering or (ii) the holders of all Registrable Securities to be covered by such registration shall have consented in writing to the inclusion of such other securities. 

(c)    Registration Statement Form. Registrations under this Section 2.1
shall be on such appropriate registration form of the Commission (i) as shall be selected by the Company and as shall be reasonably acceptable to the Requisite Holders, and (ii) as shall permit the disposition of such Registrable
Securities in accordance with the intended method or methods of disposition specified in the Registration Request. The Company agrees to include in any such registration statement all information which holders of Registrable Securities being
registered shall reasonably request. 
 (d)    Expenses. The Company shall pay all Registration
Expenses in connection with any registration requested pursuant to this Section 2.1. Any Selling Expenses in connection with any registration requested under this Section 2.1 shall be allocated
among all Persons on whose behalf securities of the Company are included in such registration, on the basis of the respective amounts of the securities then being registered on their behalf. 

(e)    Limitations on Requested Registrations. The Company’s obligation to take or continue any
action to effect a requested registration under this Section 2.1 shall be subject to the following: 

(i)    The Company shall not be required to effect (A) more than three Registration Requests
(including the “shelf” registration pursuant to Section 2.1(e)(iii) hereof) through December 31, 2020 and (B) after January 1, 2022, more than one registration per calendar year requested pursuant
to this Section 2.1; provided that during the twelve months following an initial public offering of the Company’s securities pursuant to the Securities Act, no more than one registration on Form S-1 under the Securities Act will be required; and provided further that a Registration Requests shall not be deemed to have been effected (A) unless a registration statement with respect
thereto has been declared effective for a period of at least 90 days, (B) if after a registration statement has become effective, such registration is interfered with by any stop order, injunction or other order or requirement of the
Commission or other governmental agency or court for any reason, or (C) if the conditions to closing specified in the purchase agreement or underwriting agreement entered into in connection with such registration are not satisfied, other than
as a result of the voluntary termination of such offering by the Requisite Holders; 

  
 2 

 (ii)    The Company shall not be required to effect a
registration pursuant to this Section 2.1 unless such registration has been requested by the holders of Registrable Securities which represent at least 5% of the Registrable Securities then outstanding; 

(iii)    No later than 90 days after the first such date as the Company is eligible to register
securities for a continuous and indefinite period of time on Form S-3 (or any successor form or method of registration that provides for the incorporation by reference of historical information regarding
the Company’s business and financial affairs) pursuant to Rule 415 under the Securities Act or otherwise, the Company shall prepare and file a “shelf” registration statement pursuant to Rule 415 under the Securities Act (or
any similar rule that may be adopted by the Commission) with respect to the resale by the Owners of their Registrable Securities and providing for such plan of distribution as may be specified in the Registration Request; the Company shall comply
with the applicable provisions of the Securities Act with respect to the disposition of all securities covered by the shelf registration statement in accordance with the intended methods of disposition by the sellers thereof; and the
“shelf” registration pursuant to this Section 2.1(e)(iii) shall be considered a Registration Request under Section 2.1(e)(i) hereto; and 

(iv)    The Company will not be required to effect a registration pursuant to this
Section 2.1 during the ninety-day period after a registration statement shall have been filed and declared effective under the Securities Act with respect to the public offering of
any class of the Company’s equity securities (which shall exclude a registration of securities with respect to an employee benefit, retirement or similar plan). 

(f)    Selection of Underwriters. If a requested registration pursuant to this
Section 2.1 involves an underwritten offering, the underwriter or underwriters thereof shall be selected by the Company; provided, however, that such underwriter or underwriters shall be reasonably acceptable
to the Requisite Holders; provided, further, that Remora, Remora Operating, LLC, Remora Operating CA, LLC, and Remora Petroleum, LP and any Registrable Securities held by such entities shall be excluded from the calculation of Requisite
Holders for purposes of this Section 2.1(f). 
 (g)    Priority in Requested
Registrations. If a Registration Request involves an underwritten offering, and the managing underwriter shall advise the Company in writing (with a copy to each holder of Registrable Securities requesting registration) that, in its opinion, the
number of securities requested to be included in such registration exceeds the number which can be sold in such offering within a price range acceptable to the Requisite Holders, the Company will include in such registration, the number of
Registrable Securities which the Company is advised can be sold and requested to be included in such registration, pro rata among the holders thereof requesting such registration on the basis of the percentage of the Registrable Securities of
the Company held by the holders of Registrable Securities which have requested that such securities be 

  
 3 

 
included. In connection with any registration as to which the provisions of this Section 2.1(g) apply, no securities other than Registrable Securities shall be covered
by such registration. 
 2.2.    Piggyback Registration. 

(a)    If the Company proposes to file a registration statement under the Securities Act with respect to an
offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into equity securities, for its own account or for the account of stockholders of the Company (or by the Company and by the
stockholders of the Company), other than a registration statement (i) filed in connection with any employee stock option or other benefit plan, (ii) for an exchange offer or offering of securities solely to the Company’s existing
stockholders, (iii) for an offering of debt that is convertible into equity securities of the Company, (iv) for a dividend reinvestment plan, or (v) a registration statement on Form S-4, then
the Company shall give written notice of such proposed filing to all of the holders of Registrable Securities as soon as practicable but not less than ten (10) days before the anticipated filing date of such registration statement, which notice
shall (A) describe the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing underwriter or underwriters, if any, in such offering, and (B) offer to all
of the holders of Registrable Securities the opportunity to register the sale of such number of Registrable Securities as such holders may request in writing within five (5) days after receipt of such written notice (such Registration a
“Piggyback Registration”). The Company shall, in good faith, cause such Registrable Securities to be included in such Piggyback Registration and shall use its best efforts to cause the managing underwriter(s) of a proposed
underwritten offering to permit the Registrable Securities requested by the holders pursuant to this Section 2.2 to be included in a Piggyback Registration on the same terms and conditions as any similar securities of the
Company included in such Piggyback Registration and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof. 

(b)    Priority in Piggyback Registrations. If a requested registration pursuant to this
Section 2.2 involves an underwritten offering, and the managing underwriter shall advise the Company in writing (with a copy to each holder of Registrable Securities requesting registration) that, in its opinion, the number
of securities requested to be included in such registration exceeds the number which can be sold in such offering within a price range acceptable to the Company, the Company will include in such registration, (i) first, the securities or other
equity securities that the Company desires to sell, which can be sold without exceeding the maximum number advised by the underwriting in writing, (ii) second, to the extent that the maximum number advised by the managing underwriter in writing
has not been reached under the foregoing clause (i), the number of Registrable Securities which the Company is advised can be sold without exceeding the maximum number advised by the managing underwriter in writing and requested to be included in
such registration, pro rata among the holders thereof requesting such registration on the basis of the percentage of the Registrable Securities of the Company held by the holders of Registrable Securities which have requested that such securities be
included. 

  
 4 

 (c)    Expenses. The Company shall pay all
Registration Expenses in connection with any registration requested pursuant to this Section 2.2. Any Selling Expenses in connection with any Piggyback Registration shall be allocated among all Persons on whose behalf
securities of the Company are included in such registration, on the basis of the respective amounts of the securities then being registered on their behalf. 

(d)    Selection of Underwriters. If a Piggyback involves an underwritten offering, the underwriter
or underwriters thereof shall be selected by the Company. All such holders proposing to distribute their Registrable Securities through a Piggyback Registration shall enter into an underwriting agreement in customary form with the underwriter(s)
selected for such underwritten offering by the Company. 
 (e)    Unlimited Piggyback Registration
Rights. For purposes of clarity, any Registration effected pursuant to Section 2.2 hereof shall not be counted as a Registration pursuant to a Registration Request effected under Section 2.1
hereof. 
 2.3.    Registration Procedures. 

(a)    If and whenever the Company is required to effect the registration of any Registrable Securities
under the Securities Act, the Company shall as expeditiously as possible: 
 (i)    prepare and (as soon
thereafter as possible or in any event no later than 60 days after the end of the period within which requests for registration may be given to the Company as set forth in Section 2.1(a)(ii)(B)) file with the
Commission the requisite registration statement to effect such registration and thereafter use commercially reasonable efforts to cause such registration statement to become effective; provided that the Company may discontinue any
registration of its securities which are not Registrable Securities at any time prior to the effective date of the registration statement relating thereto; 

(ii)    prepare and file with the Commission such amendments and post-effective amendments and supplements
to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement until such time as all of such securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; 

(iii)    prior to filing a registration statement or prospectus, or any amendment or supplement thereto
(other than reports under the Exchange Act that are deemed to be amendments or supplements), furnish to each seller of Registrable Securities covered by such registration statement such number of 

  
 5 

 
conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including without limitation all exhibits), such number of copies of the prospectus
contained in such registration statement (including without limitation each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the
Securities Act, and such other documents, as such seller may reasonably request; 
 (iv)    use
commercially reasonable efforts to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such jurisdictions as each seller thereof shall reasonably
request, to keep such registration or qualification in effect for so long as such registration statement remains in effect, and to take any other action which may be reasonably necessary or advisable to enable such seller to consummate the
disposition in such jurisdictions of the securities owned by such seller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but
for the requirements of this clause (iv) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; 

(v)    use commercially reasonable efforts to cause all Registrable Securities covered by such registration
statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; 

(vi)    in connection with an underwritten offering, shall use all commercially reasonable efforts to
provide to each holder of Registrable Securities named as a selling securityholder in any registration statement a copy of any auditor “comfort” letters, customary legal opinions or reports of the independent petroleum engineers of the
Company relating to the oil and gas reserves of the Company, in each case that have been provided to the managing underwriter or managing underwriters in connection with the underwritten offering, not later than the Business Day prior to the
effective date of such registration statement. 
 (vii)    notify each seller of Registrable Securities
covered by such registration statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in
such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances under which they were made, and at the request of any such seller promptly prepare and furnish to such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as
thereafter 

  
 6 

 
delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in the light of the circumstances under which they were made; 

(viii)    otherwise use its commercially reasonable efforts to comply with all applicable rules and
regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act, and shall furnish
to each such seller at least the Business Day prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectus; 

(ix)    provide and cause to be maintained a transfer agent and registrar for all Registrable Securities
covered by such registration statement from and after a date not later than the effective date of such registration statement; 

(x)    cause all Registrable Securities covered by such registration statement to be listed on any
securities exchange on which any of the equity securities of the Company of the same class as the Registrable Securities are then listed; 

(xi)    advise each seller of such Registrable Securities, promptly after it shall receive notice or obtain
knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such registration statement or the initiation or threatening of any proceeding for such purpose and promptly use its reasonable best efforts to
prevent the issuance of any stop order or to obtain its withdrawal if such stop order should be issued; 

(xii)    on the date the Registrable Securities are delivered for sale pursuant to such registration,
obtain an opinion, dated such date, of counsel representing the Company for the purposes of such registration, addressed to the holders, the placement agent or sales agent, if any, and the underwriters, if any, covering such legal matters with
respect to the registration in respect of which such opinion is being given as the holders, placement agent, sales agent, or underwriter may reasonably request and as are customarily included in such opinions and negative assurance letters, and
reasonably satisfactory to a majority in interest of the participating holders; 
 (xiii)    in the event
of any underwritten offering, perform its obligations under an underwriting agreement in accordance with the terms and conditions thereof; 

(xiv)    cooperate with the underwriters with respect to all roadshows and other marketing activities as
may be reasonably requested by the underwriters; provided, that, management shall not be required to participate in presentations at any “roadshows” and before analysts and rating agencies, as the case may be, more than twice in a
365 day period; and 

  
 7 

 (xv)    enter into such customary agreements and take
such other customary actions as the holder or holders of Registrable Securities that submitted the Registration Request shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities. 

The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish to the Company such information
regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. 

(b)    Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that upon
receipt of any notice from the Company of the happening of any event of the kind described in Section 2.3(a)(vii), such holder will forthwith discontinue such holder’s disposition of Registrable Securities pursuant to
the registration statement relating to such Registrable Securities until such holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 2.3(a)(vii) as filed with the Commission or
until it is advised in writing by the Company that the use of the applicable registration statement may be resumed, and, if so directed by the Company, will deliver to the Company (at the Company’s expense) all copies, other than permanent file
copies, then in such holder’s possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. The Company may provide appropriate stop orders to enforce the provisions of this
Section 2.3(b). If at any time the Commission requires any holder to be named as an “underwriter,” each holder agrees to be named as an underwriter in such registration statement. 

2.4.    Notwithstanding any other provision of this Agreement, the Company shall not be required to file a
registration statement (or any amendment thereto) or effect a requested underwritten offering (or, if the Company has filed a shelf registration statement and has included Registrable Securities therein, the Company shall be entitled to suspend the
offer and sale of Registrable Securities pursuant to such registration statement) for a period of up to 60 days if (i) the Board determines that a postponement is in the best interest of the Company and its stockholders generally due to a
pending transaction involving the Company (including a pending securities offering by the Company), (ii) the Board determines such registration would render the Company unable to comply with applicable securities laws or (iii) the Board
determines such registration would require disclosure of material information that the Company has a bona fide business purpose for preserving as confidential (any such period, a “Blackout Period”); provided, however, that in
no event shall any Blackout Period exceed an aggregate of 120 days in any 12-month period. 

  
 8 

 2.5.    Underwritten Offerings. 

(a)    Requested Underwritten Offerings. If requested by the underwriters for any underwritten
offering by holders of Registrable Securities pursuant to a registration requested under Section 2.1 above, the Company will enter into an underwriting agreement with such underwriters for such offering, such agreement to
be satisfactory in substance and form to each such holder and the underwriters and to contain such representations and warranties by the Company and such other terms as are generally prevailing in agreements of this type, including, without
limitation, indemnities to the effect and to the extent provided in Section 2.8 below. The holders of Registrable Securities to be distributed by such underwriters shall be parties to such underwriting agreement and may, at
their option, require that any or all of the representations and warranties by, and the other agreements on the part of, the Company to and for the benefit of such underwriters shall also be made to and for the benefit of such holders of Registrable
Securities and that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement be conditions precedent to the obligations of such holders of Registrable Securities. Any such holder of Registrable
Securities shall not be required to make any representations or warranties to or agreements with the Company or the underwriters other than representations, warranties or agreements regarding such holder, such holder’s Registrable Securities
and such holder’s intended method of distribution and any other representation required by law. 

2.6.    Preparation; Reasonable Investigation. In connection with the preparation and filing of each
registration statement under the Securities Act pursuant to this Agreement, the Company will give the holders of Registrable Securities registered under such registration statement, and their counsel and accountants, the opportunity to participate
in the preparation of such registration statement, each prospectus included therein or filed with the Commission, and each amendment thereof or supplement thereto, and will give each of them such access to its books and records and such
opportunities to discuss the business of the Company with its officers and the independent public accountants who have certified its financial statements as shall be necessary, in the opinion of such holders’ counsel, to conduct a reasonable
investigation within the meaning of the Securities Act; provided, however, that any information that is not generally publicly available at the time of delivery of such information shall be kept confidential by such Persons unless disclosure of such
information is required by court or administrative order or, in the opinion of counsel to such Person, law, in which case, such Person shall be required to give the Company written notice of the proposed disclosure prior to such disclosure and, if
requested by the Company, assist the Company in seeking to prevent or limit the proposed disclosure. 

2.7.    Additional Rights of Owners. If any registration statement prepared under this Agreement
refers to any Owner by name or otherwise as the holder of any securities of the Company, then such Owner shall have the right to require (a) the insertion therein of language, in form and substance satisfactory to such Owner, to the effect that
the holding by such Owner of such securities does not necessarily make such Owner a “controlling person” of the Company within the meaning of the Securities Act and is not 

  
 9 

 
to be construed as a recommendation by such Owner of the investment quality of the Company’s debt or equity securities covered thereby and that such holding does not imply that such Owner
will assist in meeting any future financial requirements of the Company, or (b) in the event that such reference to such Owner by name or otherwise is not required by the Securities Act or any rules and regulations promulgated thereunder, the
deletion of the reference to such Owner. 
 2.8.    Indemnification. 

(a)    Indemnification by the Company. In the event of any registration of any securities of the
Company under the Securities Act, the Company will, and hereby does, indemnify and hold harmless the seller of any Registrable Securities covered by such registration statement, its directors and officers, each other Person who participates in the
offering or sale of such securities and each other Person, if any, who controls such seller, within the meaning of the Securities Act, against any losses, claims, damages or liabilities, joint or several, to which such seller or any such director or
officer or controlling person may become subject, under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are
based upon any untrue statement or alleged untrue statement of any material fact contained in any registration statement under which such securities were registered under the Securities Act, any preliminary prospectus, final prospectus or summary
prospectus contained therein, or any amendment or supplement thereto, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and the Company will
reimburse such seller and each such director, officer, and controlling person for any legal or any other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, liability, action or proceeding;
provided that the Company shall not be liable in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon an untrue statement or alleged
untrue statement or omission or alleged omission made in such registration statement, any such preliminary prospectus, final prospectus, summary prospectus, amendment or supplement in reliance upon and in conformity with information furnished to the
Company in writing or electronically specifically stating that it is for use in the preparation thereof; and provided further, that the Company shall not be liable to any Person who participates as an underwriter in the offering or
sale of Registrable Securities or any other Person, if any, who controls such underwriter within the meaning of the Securities Act, in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect
thereof) or expense arises out of such Person’s failure to send or give a copy of the final prospectus, as the same may be then supplemented or amended, to the Person asserting an untrue statement or alleged untrue statement or omission or
alleged omission at or prior to the written confirmation of the sale of Registrable Securities to such Person if such statement or omission was corrected in such final prospectus. Such indemnity shall remain in full force and effect regardless of
any investigation made by or on behalf of such seller or any such director, officer, underwriter or controlling person and shall survive the transfer of such securities by such seller. The Company shall indemnify the

  
 10 

 
underwriters, their officers and directors and each Person who controls such underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing with respect
to the indemnification of the seller of the Registrable Securities. 
 (b)    Indemnification by the
Sellers. The Company may require, as a condition to including any Registrable Securities in any registration statement filed pursuant to Sections 2.1 or Section 2.2 above, that the Company
shall have received an undertaking satisfactory to it from the prospective seller of such securities, to indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 2.8(a) above) the
Company, each director of the Company, each officer of the Company and each other Person, if any, who controls the Company within the meaning of the Securities Act, or any underwriter in the case of an underwriter offering, with respect to any
statement or alleged statement in or omission or alleged omission from such registration statement, any preliminary prospectus, final prospectus or summary prospectus contained therein, or any amendment or supplement thereto, if such statement or
alleged statement or omission or alleged omission was made in reliance upon and in conformity with information furnished to the Company by a seller of Registrable Securities in writing or electronically specifically stating that it is for use in the
preparation of such registration statement, preliminary prospectus, final prospectus, summary prospectus, amendment or supplement; provided, however, that the obligation to indemnify shall be several, not joint and several, among such
holders of Registrable Securities. The maximum liability of each seller for any such indemnification shall not exceed the amount of proceeds received by such seller from the sale of his/its Registrable Securities. Such indemnity shall remain in full
force and effect, regardless of any investigation made by or on behalf of the Company or any such director, officer or controlling Person and shall survive the transfer of such securities by such seller. 

(c)    Notices of Claims, etc. Promptly after receipt by an indemnified party of notice of the
commencement of any action or proceeding involving a claim referred to in Section 2.8(a) or (b) above, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party, give
written notice to the latter of the commencement of such action; provided that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations under
Section 2.8(a) or (b) above, except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In case any such action is brought against an indemnified party, unless in
such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, the indemnifying party shall be entitled to participate in and to assume the defense
thereof, jointly with any other indemnifying party similarly notified to the extent that it may wish, with counsel reasonably satisfactory to such indemnified party, and after notice from the indemnifying party to such indemnified party of its
election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof other than reasonable costs of
investigation. No indemnifying party shall, without the consent of the indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff
to such indemnified party of a release from all liability in respect to such claim or litigation. 

  
 11 

 (d)    Other Indemnification. Indemnification
similar to that specified in Sections 2.8(a), (b) and (c) above (with appropriate modifications) shall be given by the Company and each seller of Registrable Securities with respect to any required
registration or other qualification of securities under any federal or state law or regulation of any governmental authority other than the Securities Act. 

(e)    Indemnification Payments. The indemnification required by this
Section 2.8 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred. 

2.9.    Adjustments Affecting Registrable Securities. The provisions of this Agreement shall apply
to the full extent set forth herein with respect to any and all equity securities of the Company or any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange
for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, unit splits, recapitalizations, pro rata distributions of units and the like occurring after the date of this Agreement. 

3.    Definitions. As used herein, unless the context otherwise requires, the following terms have the following
respective meanings: 
 “Board” means the board of directors of the Company. 

“Business Day” means any day other than a Saturday, Sunday, any federal holiday or any other day on
which banking institutions in the State of Texas or the State of New York are authorized or required to be closed by law or governmental action. 

“Class A Common Stock” means the Class A common stock of the
Company, par value $0.01 per share. 
 “Commission” shall mean the Securities and Exchange Commission
or any other Federal agency at the time administering the Securities Act. 
 “Exchange Act” shall
mean the Securities Exchange Act of 1934, or any similar Federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time. Reference to a particular section of the Securities Exchange Act of
1934 shall include a reference to the comparable section, if any, of any such similar Federal statute. 
 “Lock-Up Period” has the meaning set forth in the underwriting agreement entered into by the Company in connection with the initial underwritten public offering of shares of Class A Common Stock.

  
 12 

 “Majority Holders” shall mean, at any time, the
holder or holders of more than fifty percent (50%) of all Registrable Securities then outstanding. 

“Person” (whether or not capitalized) shall mean a corporation, an association, a partnership, a
limited liability company, a business, an individual, a governmental or political subdivision thereof or a governmental agency. 

“Registrable Securities” shall mean the Shares, as owned at any particular point in time by an Owner,
including all equity securities issued upon exercise of options or warrants held by such Owner, and any securities issued or issuable with respect to any such equity securities by way of distribution or in connection with any reorganization or other
recapitalization, merger, consolidation or otherwise. As to any particular Registrable Securities, once issued, such securities shall cease to be Registrable Securities when (a) a registration statement with respect to the sale of such
securities shall have become effective under the Securities Act and such securities shall have been disposed of in accordance with such registration statement, (b) such securities shall have been distributed to the public or are otherwise
freely tradeable pursuant to Rule 144 (or any successor provision) under the Securities Act, (c) such securities shall have been otherwise transferred, new certificates for them not bearing a legend restricting further transfer shall have
been delivered by the Company (or have been issued in book entry free of a restrictive legend) and subsequent disposition of them shall not require registration or qualification of them under the Securities Act or any similar state law then in
force, or (d) such securities shall have ceased to be outstanding (whether as a result of repurchase, cancellation or otherwise). 

“Registration Expenses” shall mean all expenses incident to the Company’s performance of or
compliance with Sections 2.1 or Section 2.2 above, including, without limitation, all registration, filing and Financial Industry Regulatory Authority fees, all fees and expenses of complying with
applicable laws (including securities or blue sky laws), all word processing, duplicating and printing expenses, messenger and delivery expenses, the fees and disbursements of counsel for the Company and of its independent public accountants,
including, without limitation, the expenses of any special audits or “cold comfort” letters required by or incident to such performance and compliance, the fees and disbursements of one special counsel to the holders of Registrable
Securities, premiums and other costs of policies of insurance against liabilities arising out of the public offering of the Registrable Securities being registered, the fees and expenses of any special experts, including independent petroleum
engineers, retained by the Company in connection with such offering, the fees and expenses of any qualified independent underwriter or other independent appraiser participating in any offering pursuant to the Conduct Rules of the Financial Industry
Regulatory Authority, all printing, mailing courier and overnight delivery charges (except to the extent borne by underwriters), all travel expenses of the Company’s officers and employees and any other expenses of the Company in connection
with attending or hosting meetings with prospective purchasers of 

  
 13 

 
the offered securities, and any fees and disbursements of underwriters customarily paid by issuers or sellers of securities, but excluding Selling Expenses, if any; provided that, in any
case where Registration Expenses are not to be borne by the Company, such expenses shall not include salaries of Company personnel or general overhead expenses of the Company, auditing fees, premiums or other expenses relating to liability insurance
required by underwriters of the Company or other expenses for the preparation of financial statements or other data normally prepared by the Company in the ordinary course of its business or which the Company would have incurred in any event. 

“Remora Holdings LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of
Remora Holdings, LLC, dated as of [●], 2018. 
 “Requisite Holders” shall mean, with respect to
any registration of Registrable Securities pursuant to Section 2.1 above, any holder or holders of more than 50% of the Registrable Securities to be so registered, or, with respect to any offering of Registrable Securities,
any holder or holders of more than 50% of the Registrable Securities participating in such offering. 

“Securities Act” shall mean the Securities Act of 1933, or any similar Federal statute, and the rules
and regulations of the Commission thereunder, all as the same shall be in effect at the time. References to a particular section of the Securities Act of 1933 shall include a reference to the comparable section, if any, of any such similar Federal
statute. 
 “Selling Expenses” shall mean underwriting discounts and commissions and stock transfer
taxes relating to securities registered by the Company. 
 “Shares” means the shares of Class A
Common Stock that may be delivered in exchange for Units and other shares of Class A Common Stock otherwise held by the holders from time to time. For purposes of this Agreement, a Person shall be deemed to be a holder of Shares and such Shares
shall be deemed to be in existence whenever such Person has the right to acquire such Shares (upon conversion, exchange or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the
exercise of such right other than vesting), regardless of whether such acquisition has actually been effected, and such Person shall be entitled to exercise the rights of a holder of Shares. 

“Units” has the meaning given to such term in the Remora Holdings LLC Agreement. 

4.    Standstill. At any time that the Company is engaged in an underwritten offering of its securities (on its own
behalf, on behalf of selling holders or both), no holder participating in such underwritten offering will transfer any Registrable Securities on any 

  
 14 

 
securities exchange or in the over-the-counter or any other public trading market for whatever period of
time the Company (upon the recommendation of its underwriters) requests by written notice to the holder; provided, however, that (excluding the Company’s initial public offering) such request shall not be for a period extending longer than 90
days after the later of (x) the effective date of the registration statement relating to such underwritten offering, and (y) the date of the underwriting agreement relating to such underwritten offering, and
this Section 4 shall not limit any holder’s right to include Registrable Securities in any such underwritten offering pursuant to any demand that any holder may have pursuant to this Agreement. 

5.    Reporting Obligations; Rule 144. The Company will file the reports required to be filed by
it under the Securities Act and the Exchange Act and the rules and regulations adopted by the Commission thereunder (or, if the Company is not required to file such reports, will, upon the request of any holder of Registrable Securities, make
publicly available other information) and will take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to enable such holder to sell Registrable Securities without
registration under the Securities Act within the limitation of the exemptions provided by (a) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (b) any similar rule or regulation hereafter adopted by
the Commission. Upon the request of any holder of Registrable Securities, the Company will deliver to such holder a written statement as to whether it has complied with such requirements. After any sale of Registrable Securities pursuant to this
Section 5, the Company will, to the extent allowed by law, cause any restrictive legends to be removed and any transfer restrictions to be rescinded with respect to such Registrable Securities. 

6.    Additional Parties; Joinder. Subject to the prior written consent of each Owner, the Company may make any
Person who acquires Class A Common Stock or rights to acquire Class A Common Stock from the Company after the date hereof (including without limitation any Person who acquires Units) a party to this Agreement (each such Person, an
“Additional Investor”) and to succeed to all of the rights and obligations of a holder under this Agreement by obtaining an executed joinder to this Agreement from such Additional Investor in the form of Exhibit A attached
hereto (a “Joinder”). Upon the execution and delivery of a Joinder by such Additional Investor, the Class A Common Stock of the Corporation acquired by such Additional Investor or issuable upon redemption or exchange of
Units acquired by such Additional Investor (the “Acquired Common”) shall be Registrable Securities to the extent provided herein, such Additional Investor shall be a holder under this Agreement with respect to the Acquired
Common, and the Company shall add such Additional Investor’s name and address to the schedule of Owners and circulate such information to the parties to this Agreement. 

7.    Amendments and Waivers. This Agreement may be amended and the Company may take any action herein prohibited
or omit to perform any act herein required to be performed by it, only if the Company shall have obtained the written consent to such amendment, action or omission to act, of the Majority Holders; provided, however, that any such
amendment or consent that would have a material adverse effect on a particular Owner but would not have a similar material adverse effect on all Owners generally or would otherwise remove an Owner as a party to this Agreement shall require the
consent of such Owner. Each holder of any Registrable Securities at the time or thereafter outstanding shall be bound by any consent authorized by this Section 7, regardless of whether such Registrable Securities shall have
been marked to indicate such consent. 

  
 15 

 8.    Nominees for Beneficial Owners. In the event that any
Registrable Securities are held by a nominee for the beneficial owner thereof, the beneficial owner thereof may, at its election, be treated as the holder of such Registrable Securities for purposes of any request or other action by any holder or
holders of Registrable Securities pursuant to this Agreement or any determination of any number or percentage of Registrable Securities held by any holder or holders of Registrable Securities contemplated by this Agreement. If the beneficial owner
of any Registrable Securities so elects, the Company may require assurances reasonably satisfactory to it of such owner’s beneficial ownership of such Registrable Securities. 

9.    Notices. All notices, elections, demands or other communications required or permitted to be made or given
pursuant to this Agreement shall be in writing and shall be considered as properly given or made on the date of actual delivery if given by (a) personal delivery, (b) United States mail, (c) expedited overnight delivery service with
proof of delivery, or (d) via facsimile or email with confirmation of delivery, addressed to the respective addressee(s). All notices hereunder to the Company shall be mailed to it at the address of its principal place of business and all
notices to the Owners shall be mailed to them at their last known addresses as shown on the books and records of the Company. Any Owner may change its address by giving notice in writing to the other Owners of its new address. 

10.    Assignment. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the
parties hereto and their respective successors and assigns. In addition, and regardless of whether any express assignment shall have been made, the provisions of this Agreement which are for the benefit of the parties hereto other than the Company
shall also be for the benefit of and enforceable by any subsequent holder of any Registrable Securities, subject to the provisions respecting the minimum numbers or percentages of Registrable Securities required in order to be entitled to certain
rights, or take certain actions, contained herein. 
 11.    Termination. Unless terminated earlier by the
holders of all Registrable Securities and except for Section 2.8, this Agreement shall terminate as to any Owner when the Registrable Securities held by such Owner are no longer subject to any restrictions on trading under
the provisions of Rule 144 under the Securities Act, including any volume or manner of sale restrictions. 

12.    Descriptive Headings. The descriptive headings of the several sections and paragraphs of this Agreement are
inserted for reference only and shall not limit or otherwise affect the meaning hereof. References herein to Sections are references to Sections of this Agreement, except as otherwise indicated. 

13.    Specific Performance. The parties hereto recognize and agree that money damages may be insufficient to
compensate the holders of any Registrable Securities for breaches by the Company of the terms hereof and, consequently, that the equitable remedy of specific performance of the terms hereof will be available in the event of any such breach. 

  
 16 

 14.    GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE INTERNAL LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO RULES OR PRINCIPLES OF CONFLICTS OF LAW REQUIRING THE APPLICATION OF THE LAW OF ANOTHER STATE. 

15.    Counterparts. This Agreement may be executed simultaneously in any number of counterparts, each of which
shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 
 * * * * 

[Signature Pages Follow] 

  
 17 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement or have
caused this Agreement to be executed and delivered by their respective officers thereunto duly authorized as of the date first above written. 
  

			
	REMORA ROYALTIES, INC.

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 
			
	
	REMORA HOLDINGS, LLC

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 REGISTRATION RIGHTS AGREEMENT 

SIGNATURE PAGE 

 
	
	OWNERS:
	
	  

	[                    ]

 REGISTRATION RIGHTS AGREEMENT 

SIGNATURE PAGE 

 EXHIBIT A 

REGISTRATION RIGHTS AGREEMENT JOINDER 

The undersigned is executing and delivering this Joinder pursuant to the Registration Rights Agreement dated as of [●], 2018 (as the
same may hereafter be amended, the “Registration Rights Agreement”), among Remora Royalties, Inc., a Delaware corporation (together with its successors and assigns, the “Company”), and the other person
named as parties therein. 
 By executing and delivering this Joinder to the Company, and upon acceptance hereof by the Company upon the
execution of a counterpart hereof, the undersigned hereby agrees to become a party to, to be bound by, and to comply with the provisions of the Registration Rights Agreement as a holder of Registrable Securities in the same manner as if the
undersigned were an original signatory to the Registration Rights Agreement, and the undersigned’s Shares shall be included as Registrable Securities under the Registration Rights Agreement to the extent provided therein.

Accordingly, the undersigned has executed and delivered this Joinder as of the
             day of                         ,
20        . 
  

	
	
	  
 Signature of
Stockholder

	
	  
 Print Name of
Stockholder

	Its:
	
	Address:

 Agreed and Accepted as of 

                    , 20 

 

			
	Remora Royalties, Inc.

			
		
	By:	 	 

			
	Name:	 	
	Its:

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