Document:

EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 

THIRD SUPPLEMENTAL INDENTURE 

between 
 SIXTH STREET SPECIALTY
LENDING, INC. 
 and 
 WELLS
FARGO BANK, NATIONAL ASSOCIATION, 
 as Trustee 

Dated as of February 3, 2021 
  

 
 THIRD SUPPLEMENTAL INDENTURE 

THIS THIRD SUPPLEMENTAL INDENTURE (this “Third Supplemental Indenture”), dated as of February 3, 2021, between Sixth Street
Specialty Lending, Inc., a Delaware corporation (the “Company”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”). All capitalized terms used herein shall have the meaning set forth in the Base Indenture (as
defined below) unless otherwise defined herein. 
 RECITALS OF THE COMPANY 

The Company and the Trustee executed and delivered an Indenture, dated as of January 22, 2018 (the “Base Indenture” and, as
supplemented by this Third Supplemental Indenture, collectively, the “Indenture”), to provide for the issuance by the Company from time to time of the Company’s unsecured debentures, notes or other evidences of indebtedness (the
“Securities”), to be issued in one or more series as provided in the Indenture. 
 The Company desires to issue and sell
$300,000,000 aggregate principal amount of the Company’s 2.500% Notes due 2026 (the “Notes”). 
 The Company previously
entered into the First Supplemental Indenture, dated as of January 22, 2018 (the “First Supplemental Indenture”), and the Second Supplemental Indenture, dated November 1, 2020 (the “Second Supplemental Indenture”), each
of which supplemented the Base Indenture. Neither the First Supplemental Indenture nor the Second Supplemental Indenture is applicable to the Notes. 

Sections 9.01(v) and 9.01(vii) of the Base Indenture provide that without the consent of Holders of the Securities of any series issued under
the Indenture, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental to the Base Indenture to (i) change or eliminate any of the
provisions of the Indenture when there is no Security Outstanding of any series created prior to the execution of a supplemental indenture that is entitled to the benefit of such provision and (ii) establish the form or terms of Securities of
any series as permitted by Section 2.01 and Section 3.01 of the Base Indenture. 
 The Company desires to establish the form and
terms of the Notes and to modify, alter, supplement and change certain provisions of the Base Indenture for the benefit of the Holders of the Notes (except as may be provided in a future supplemental indenture to the Indenture (“Future
Supplemental Indenture”)). 

  
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 The Company has duly authorized the execution and delivery of this Third Supplemental
Indenture to provide for the issuance of the Notes and all acts and things necessary to make this Third Supplemental Indenture a valid, binding, and legal obligation of the Company and to constitute a valid agreement of the Company, in accordance
with its terms, have been done and performed. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually agreed, for the equal and
proportionate benefit of all Holders of the Notes, as follows: 
 ARTICLE I 

TERMS OF THE NOTES 

Section 1.01. Terms of the Notes. The following terms relating to the Notes are hereby established: 

(a) The Notes shall constitute a series of Securities having the title “2.500% Notes due 2026” and shall be designated as Senior
Securities under the Indenture. The Notes shall bear a CUSIP number of 83012A AA7 and an ISIN number of US83012AAA79. 
 (b) The aggregate
principal amount of the Notes that may be initially authenticated and delivered under the Indenture (except for Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections
3.04, 3.05, 3.06, 9.06 or 11.07 of the Base Indenture) shall be $300,000,000. Under a Board Resolution, Officers’ Certificate pursuant to Board Resolutions or an indenture supplement, the Company may from time to time, without the consent of
the Holders of Notes, issue additional Notes (in any such case “Additional Notes”) having the same ranking and the same interest rate, maturity, CUSIP number and other terms as the Notes; provided that such Additional Notes must
either (i) be issued in a “qualified reopening” for U.S. Federal income tax purposes, with no more than a de minimis amount of original issue discount, or otherwise (ii) be part of the same issue as the Notes for U.S. federal
income tax purposes. Any Additional Notes and the existing Notes will constitute a single series under the Indenture and all references to the relevant Notes herein shall include the Additional Notes unless the context otherwise requires. 

(c) The entire Outstanding principal amount of the Notes shall be payable on August 1, 2026, unless earlier redeemed or repurchased in
accordance with the provisions of this Third Supplemental Indenture. 
 (d) The rate at which the Notes shall bear interest shall be 2.500%
per annum (the “Applicable Interest Rate”). The date from which interest shall accrue on the Notes shall be February 3, 2021, or the most recent Interest Payment Date to which interest has been paid or provided for; the Interest
Payment Dates for the Notes shall be February 1 and August 1 of each year, commencing August 1, 2021 (if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment will be made on the next
succeeding Business Day with the same force and effect as if made on the scheduled Interest Payment Date and no additional interest will accrue as a result of such delayed payment); the initial interest period will be the period from and including
February 3, 2021 (or the most recent Interest Payment Date to which interest has been paid or provided for), to, but excluding, the initial Interest Payment Date, and the subsequent interest periods will be the periods from and including an
Interest Payment Date to, but excluding, the next Interest Payment Date or the Stated Maturity, as the case may be; the interest so payable, and punctually paid or duly provided for, on any Interest Payment Date, will be paid to the Person in whose
name the Note (or one or more predecessor Notes) is registered at 5:00 p.m. New York City time (the “close of business”) on the Regular Record Date for such interest, which shall be January 15 and July 15 (whether or not a
Business Day), as the case may be, immediately 

  
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preceding such Interest Payment Date. Payment of principal of (and premium, if any) and any such interest on the Notes will be made at the Corporate Trust Office of the Paying Agent, which shall
initially be the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that in the case of Notes that are not in global form, at the
option of the Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months. 
 (e) The Notes shall be
initially issuable in global form (each such Note, a “Global Note”). The Global Notes and the Trustee’s certificate of authentication thereon shall be substantially in the form of Exhibit A to this Third Supplemental Indenture.
Each Global Note shall represent the Outstanding Notes as shall be specified therein and each shall provide that it shall represent the aggregate amount of Outstanding Notes from time to time endorsed thereon and that the aggregate amount of
Outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the amount of
Outstanding Notes represented thereby shall be made by the Trustee or the Security Registrar, in accordance with Sections 2.03 and 3.05 of the Base Indenture. 

(f) The Depositary Custodian for such Global Notes shall be the Trustee. The Security Registrar with respect to the Global Notes shall be the
Trustee. 
 (g) The Notes shall be defeasible pursuant to Section 14.02 or Section 14.03 of the Base Indenture. Covenant
defeasance contained in Section 14.03 of the Base Indenture shall apply to the covenants contained in Sections 10.06, 10.07 and 10.08 of the Indenture. 

(h) The Notes shall be redeemable pursuant to Section 11.01 of the Base Indenture and as follows: 

(i) The Notes will be redeemable, in whole or in part, at any time, or from time to time, at the option of the Company, at a Redemption Price
equal to the greater of the following amounts, plus, in each case, accrued and unpaid interest to the Redemption Date: 
  

	 	(a)	 100% of the principal amount of the Notes to be redeemed, or 

 

	 	(b)	 the sum of the present values of the remaining scheduled payments of principal and interest (exclusive of
accrued and unpaid interest to the Redemption Date) on the Notes to be redeemed, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using the applicable Treasury Rate plus 35 basis points; 

 provided, however,
that if the Company redeems any Notes on or after July 1, 2026, the Redemption Price for the Notes will be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the date
of redemption. 
 For purposes of calculating the Redemption Price in connection with the redemption of the Notes, on any Redemption Date,
the following terms have the meanings set forth below: 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per
annum equal to the semi-annual equivalent yield-to-maturity of the Comparable Treasury Issue (computed as of the third Business Day immediately preceding the
redemption), assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Redemption Price and the Treasury Rate will be determined by the
Company. 

  
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 “Comparable Treasury Issue” means the United States Treasury security selected by
the Reference Treasury Dealer as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financing practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term of the Notes being redeemed. 
 “Comparable Treasury Price” means
(1) the average of the remaining Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Quotation Agent obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Quotation Agent” means a Reference Treasury Dealer
selected by the Company. 
 “Reference Treasury Dealer” means each of (1) BofA Securities, Inc., (2) J.P. Morgan Securities
LLC and (3) a Primary Treasury Dealer to be Selected by SMBC Nikko Securities America, Inc.; or, in the case of each of (1), (2) or (3), its affiliates which are primary U.S. government securities dealers in the United States (a “Primary
Treasury Dealer”) and their respective successors; provided, however, that if the foregoing or its affiliates shall cease to be a Primary Treasury Dealer, the Company shall select another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average,
as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 3:30
p.m. New York time on the third Business Day preceding such Redemption Date. 
 All determinations made by any Reference Treasury Dealer,
including the Quotation Agent, with respect to determining the Redemption Price will be final and binding absent manifest error. 
 (ii)
Notice of redemption shall be given in writing and mailed, first-class postage prepaid or by overnight courier guaranteeing next-day delivery, or sent electronically in accordance with Applicable Procedures
with respect to Notes in global form, to each Holder of the Notes to be redeemed, not less than thirty (30) nor more than sixty (60) days prior to the Redemption Date, at the Holder’s address appearing in the Security Register. All
notices of redemption shall contain the information set forth in Section 11.04 of the Base Indenture. If the Redemption Price is not known at the time such notice is to be given, the actual Redemption Price, calculated as described in the terms
of the Notes, will be set forth in an Officers’ Certificate of the Company delivered to the Trustee no later than two Business Days prior to the Redemption Date. 

(iii) Any exercise of the Company’s option to redeem the Notes will be done in compliance with the Investment Company Act, to the extent
applicable. 
 (iv) If the Company elects to redeem only a portion of the Notes, the particular Notes to be redeemed will be selected by the
Trustee in accordance with the applicable procedures of the Depositary and in accordance with the Investment Company Act; provided, however, that no such partial redemption shall reduce the portion of the principal amount of a Note not
redeemed to less than $2,000. 
 (v) Unless the Company defaults in payment of the Redemption Price, on and after the Redemption Date,
interest will cease to accrue on the Notes called for redemption hereunder. 
 (i) The Notes shall not be subject to any sinking fund
pursuant to Section 12.01 of the Base Indenture. 

  
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 (j) The Notes shall be issuable in denominations of $2,000 and integral multiples of $1,000
in excess thereof. 
 (k) Holders of the Notes will not have the option to have the Notes repaid prior to the Stated Maturity other than in
accordance with Article Thirteen of the Indenture. 
 ARTICLE II 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 2.01. Except as may be provided in a Future Supplemental Indenture, for the benefit of the Holders of the Notes but no other
series of Securities under the Indenture, whether now or hereafter issued and Outstanding, Article One of the Base Indenture shall be amended by adding the following defined terms to Section 1.01 of the Base Indenture in appropriate
alphabetical sequence, as follows: 
 “Below Investment Grade Rating Event” means the Notes are downgraded below Investment
Grade by all three Rating Agencies on any date from the date of the public notice of an arrangement that results in a Change of Control until the end of the 60-day period following public notice of the
occurrence of a Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a Below Investment Grade Rating Event
otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of
Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Company in writing that the reduction was the
result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below
Investment Grade Rating Event). 
 “Change of Control” means the occurrence of any of the following: 

(1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation) in one or a
series of related transactions, of all or substantially all of the assets of the Company and its Controlled Subsidiaries taken as a whole to any “person” or “group” (as those terms are used in Section 13(d)(3) of the
Exchange Act), other than to any Permitted Holders; provided that, for the avoidance of doubt, a pledge of assets pursuant to any secured debt instrument of the Company or its Controlled Subsidiaries shall not be deemed to be any such sale,
lease, transfer, conveyance or disposition; 
 (2) the consummation of any transaction (including, without limitation, any merger or
consolidation) the result of which is that any “person” or “group” (as those terms are used in Section 13(d)(3) of the Exchange Act) (other than any Permitted Holders) becomes the “beneficial owner” (as defined in
Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding Voting Stock of the Company, measured by voting power rather
than number of shares; or 
 (3) the approval by the Company’s stockholders of any plan or proposal relating to the liquidation or
dissolution of the Company. 
 “Change of Control Repurchase Event” means the occurrence of a Change of Control and a Below
Investment Grade Rating Event. 
 “Corporate Trust Office” means the corporate trust office of the Trustee, at which at any
particular time its corporate trust business with respect to this Indenture shall be administered, which office at the date of execution of this Indenture is located at Wells Fargo Bank, National Association, CTSO Mail Operations, MAC N9300-070, 600 South Fourth Street, Seventh Floor, Minneapolis, MN 55415, Attn: Corporate Trust Services, Lynn Steiner, and for Agent services such office shall also mean the office or agency of the Trustee located
at the date hereof at Corporate Trust Operations, MAC N9300-070, 600 South Fourth Street, Minneapolis, MN 55415. 

  
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 “Depositary” means, with respect to each Note in global form, The
Depository Trust Company, until a successor shall have been appointed and becomes such person, and thereafter, Depositary shall mean or include such successor. 

“Fitch” means Fitch Ratings, Inc., also known as Fitch Ratings, or any successor thereto. 

“Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under
any successor rating categories of Fitch), BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) and Baa3 or better by Moody’s (or its equivalent under any
successor rating categories of Moody’s) (or, in each case, if such Rating Agency ceases to rate the Notes for reasons outside of the Company’s control, the equivalent investment grade credit rating from any Rating Agency selected by the
Company as a replacement Rating Agency). 
 “Moody’s” means Moody’s Investor Service, or any successor thereto.

 “Permitted Holders” means (i) the Company, (ii) one or more of the Company’s Controlled Subsidiaries and
(iii) Sixth Street Specialty Lending Advisers, LLC or any Affiliate of Sixth Street Specialty Lending Advisers, LLC that is organized under the laws of a jurisdiction located in the United States of America and in the business of managing or
advising clients. 
 “Rating Agency” means (1) each of Fitch, Moody’s and S&P; and (2) if any of Fitch,
Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” as defined in Section
(3)(a)(62) of the Exchange Act selected by the Company as a replacement agency for Fitch, Moody’s or S&P, or all three, as the case may be. 

“S&P” means S&P Global Ratings or any successor thereto. 

“Voting Stock” as applied to stock of any Person, means shares, interests, participations or other equivalents in the equity
interest (however designated) in such Person having ordinary voting power for the election of a majority of the directors (or the equivalent) of such Person, other than shares, interests, participations or other equivalents having such power only by
reason of the occurrence of a contingency. 
 ARTICLE III 

THE TRUSTEE 
 Section 3.01.
Neither the Trustee nor any Paying Agent shall be responsible for determining whether any Change of Control or Below Investment Grade Rating Event has occurred and whether any Change of Control offer with respect to the Notes is required. The
transferor of any Note shall provide or cause to be provided to the Trustee, upon reasonable request therefore, all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any
cost basis reporting obligations under Internal Revenue Code Section 6045. In connection with any proposed exchange of a certificated Note for a Global Note, there shall be provided to the Trustee, upon reasonable request therefore, all
information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Internal Revenue Code Section 6045. The Trustee may rely on information
provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 
 Section 3.02. In no event
shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation any act or provision of
any present or future law or 

  
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regulation or governmental authority, natural disaster, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of
God, labor dispute, disease, epidemic or pandemic, quarantine, national emergency and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, communications system failure, malware or ransomware
or other unavailability of the Federal Reserve Bank wire or facsimile or telex system or other funds transfer system or other wire or communication facility or unavailability of any securities clearing system; it being understood that the Trustee
shall use reasonable efforts that are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

ARTICLE IV 
 COVENANTS 

Section 4.01. Except as may be provided in a Future Supplemental Indenture, for the benefit of the Holders of the Notes but no other
series of Securities under the Indenture, whether now or hereafter issued and Outstanding, Article Ten of the Base Indenture shall be amended by replacing Section 10.07 with the following: 

“Section 10.07. Section 18(a)(1)(A) of the Investment Company Act. 

The Company hereby agrees that for the period of time during which Securities are Outstanding, the Company will not violate, whether or not it
is subject thereto, Section 18(a)(1)(A) as modified by Section 61(a) of the Investment Company Act or any successor provisions thereto of the Investment Company Act, but giving effect, in either case, to any exemptive relief granted to the
Company by the Commission.” 
 ARTICLE V 

OFFER TO REPURCHASE UPON A CHANGE OF CONTROL REPURCHASE EVENT 

Except as may be provided in a Future Supplemental Indenture, for the benefit of the Holders of the Notes but no other series of Securities
under the Indenture, whether now or hereafter issued and Outstanding, Article Thirteen of the Base Indenture shall be amended by replacing Sections 13.01 to 13.05 thereto with the following: 

“Section 13.01 Change of Control. 

If a Change of Control Repurchase Event occurs, unless the Company shall have exercised its right to redeem the Notes in full, the Company
shall make an offer to each Holder of the Notes to repurchase all or any part (in minimum denominations of $2,000 and integral multiples of $1,000 principal amount thereabove) of that Holder’s Notes at a repurchase price in cash equal to 100%
of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to the date of purchase. Within 30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to
any Change of Control, but after the public announcement of the Change of Control, the Company will send a notice to each Holder and the Trustee describing the transaction or transactions that constitute or may constitute the Change of Control
Repurchase Event and offering to repurchase Notes on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is sent. The notice shall, if sent prior to the date of
consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. The Company shall comply with the requirements of
Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of
a Change of Control Repurchase Event. 
 To the extent that the provisions of any securities laws or regulations conflict with this
Section 13.01, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 13.01 by virtue of such conflict. 

  
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 On the Change of Control Repurchase Event payment date, subject to extension if necessary to
comply with the provisions of the Investment Company Act, the Company shall, to the extent lawful: 
 (1) accept for payment all Notes or
portions of Notes properly tendered pursuant to its offer; 
 (2) deposit with the Paying Agent an amount equal to the aggregate purchase
price in respect of all Notes or portions of Notes properly tendered; and 
 (3) deliver or cause to be delivered to the Trustee the Notes
properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes being purchased by the Company. 

The Paying Agent will promptly remit to each Holder of Notes properly tendered the purchase price for the Notes, and the Trustee will promptly
authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each new Note will be in a minimum principal amount of
$2,000 or an integral multiple of $1,000 in excess thereof. 
 If any Repayment Date upon a Change of Control Repurchase Event falls on a
day that is not a Business Day, then the required payment will be made on the next succeeding Business Day and no additional interest will accrue as a result of such delayed payment. 

The Company will not be required to make an offer to repurchase the Notes upon a Change of Control Repurchase Event if a third party makes an
offer in respect of the Notes in the manner, at the time and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer.” 

ARTICLE VI 
 MISCELLANEOUS 

Section 6.01. This Third Supplemental Indenture and the Notes shall be governed by and construed in accordance with the laws of the State
of New York, without regard to principles of conflicts of laws that would cause the application of laws of another jurisdiction. This Third Supplemental Indenture is subject to the provisions of the Trust Indenture Act that are required to be part
of the Indenture and shall, to the extent applicable, be governed by such provisions. If any provision of the Indenture limits, qualifies or conflicts with the duties imposed by Section 318(c) of the Trust Indenture Act, the imposed duties will
control. 
 Section 6.02. In case any provision in this Third Supplemental Indenture or in the Notes shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 6.03. This Third Supplemental Indenture may be executed in any number of counterparts, each of which will be an original, but
such counterparts will together constitute but one and the same Third Supplemental Indenture. This Third Supplemental Indenture shall be valid, binding, and enforceable against a party when executed and delivered by an authorized individual on
behalf of the party by means of (i) an original manual signature; (ii) a faxed, scanned, or photocopied manual signature, or (iii) any other electronic signature permitted by the federal Electronic Signatures in Global and National
Commerce Act, state enactments of the Uniform Electronic Transactions Act, and/or any other relevant electronic signatures law, including any relevant provisions of the Uniform Commercial Code/UCC (collectively, “Signature Law”), in each
case to the extent applicable. Each faxed, scanned, or photocopied manual signature, or other electronic signature, shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature. Each
party hereto shall be 

  
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entitled to conclusively rely upon, and shall have no liability with respect to, any faxed, scanned, or photocopied manual signature, or other electronic signature, of any other party and shall
have no duty to investigate, confirm or otherwise verify the validity or authenticity thereof. For the avoidance of doubt, original manual signatures shall be used for execution or indorsement of writings when required under the UCC or other
Signature Law due to the character or intended character of the writings. 
 Section 6.04. The Base Indenture, as supplemented and
amended by this Third Supplemental Indenture, is in all respects ratified and confirmed, and the Base Indenture and this Third Supplemental Indenture shall be read, taken and construed as one and the same instrument with respect to the Notes. All
provisions included in this Third Supplemental Indenture supersede any conflicting provisions included in the Base Indenture with respect to the Notes, unless not permitted by law. The Trustee accepts the trusts created by the Indenture, as
supplemented by this Third Supplemental Indenture, and agrees to perform the same upon the terms and conditions of the Indenture, as supplemented by this Third Supplemental Indenture. All of the provisions contained in the Base Indenture in respect
of the rights, privileges, immunities, powers, and duties of the Trustee shall be applicable in respect of this Third Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. 

Section 6.05. The provisions of this Third Supplemental Indenture shall become effective as of the date hereof. 

Section 6.06. Notwithstanding anything else to the contrary herein, the terms and provisions of this Third Supplemental Indenture shall
apply only to the Notes and shall not apply to any other series of Securities under the Indenture and this Third Supplemental Indenture shall not and does not otherwise affect, modify, alter, supplement or change the terms and provisions of any
other series of Securities under the Indenture, whether now or hereafter issued and Outstanding. 
 Section 6.07. The recitals
contained herein and in the Notes shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to and shall not be responsible for the validity or
sufficiency of this Third Supplemental Indenture, the Notes or any Additional Notes, except that the Trustee represents that it is duly authorized to execute and deliver this Third Supplemental Indenture, authenticate the Notes and any Additional
Notes and perform its obligations hereunder. The Trustee shall not be accountable for the use or application by the Company of the Notes or any Additional Notes or the proceeds thereof. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be
duly executed as of the date first above written. 
  

			
	SIXTH STREET SPECIALTY LENDING, INC.
		
	By:	 	 /s/ Ian T. Simmonds

	Name:	 	Ian T. Simmonds
	Title:	 	Chief Financial Officer

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Stefan Victory

	Name:	 	Stefan Victory
	Title:	 	Vice President

  
 [Signature Page to Third
Supplemental Indenture] 

 Exhibit A – Form of Global Note 

THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY
TRUST COMPANY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST
COMPANY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 Unless this certificate is presented by
an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co.,
or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co.,
has an interest herein. 
 Sixth Street Specialty Lending, Inc. 

 

					
	No. 1	  		  	 Initially $300,000,000
 CUSIP No. 83012A AA7

ISIN No.US83012AAA79

 2.500% Notes due 2026 

Sixth Street Specialty Lending, Inc., a corporation duly organized and existing under the laws of Delaware (herein called the
“Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS
(U.S. $300,000,000), or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 2026, and to pay interest thereon from February 3, 2021 or from the most recent Interest Payment
Date to which interest has been paid or duly provided for, semi-annually on February 1 and August 1 of each year, commencing August 1, 2021, at the rate of 2.500% per annum, until the principal hereof is paid or made available for
payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the
“close of business”) on the Regular Record Date for such interest, which shall be January 15 and July 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not
so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest to be fixed by the Company, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued
as part of a series. 
 Payment of the principal of (and premium, if any) and any such interest on this Security will be made at the
Corporate Trust Office of the Paying Agent, which shall initially be the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided,
however, that at the option of the Company payment of interest maybe made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 

 Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	Dated:	 	  

  

					
	SIXTH STREET SPECIALTY LENDING, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 3 

 This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture. 
  

			
	Dated:	 	  

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 4 

 [BACK OF NOTE] 

Sixth Street Specialty Lending, Inc. 

2.500% Notes due 2026 
 This
Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of January 22, 2018 (herein called the “Base
Indenture”, which term shall have the meaning assigned to it in such instrument), between the Company and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under
the Base Indenture), and reference is hereby made to the Base Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee, and the Holders of the Securities and of the terms
upon which the Securities are, and are to be, authenticated and delivered, as supplemented by the Third Supplemental Indenture, relating to the Securities, dated as of February 3, 2021, by and between the Company and the Trustee (herein called
the “Third Supplemental Indenture”; and together with the Base Indenture, the “Indenture”). In the event of any conflict between the Base Indenture and the Third Supplemental Indenture, the Third Supplemental Indenture shall
govern and control. 
 This Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to
$300,000,000. Under a Board Resolution, Officers’ Certificate pursuant to Board Resolutions or an indenture supplement, the Company may from time to time, without the consent of the Holders of Securities, issue additional Securities of this
series (in any such case “Additional Securities”) having the same ranking and the same interest rate, maturity, CUSIP number and other terms as the Securities, provided that such Additional Securities must either (i) be issued
in a “qualified reopening” for U.S. Federal income tax purposes, with no more than a de minimis amount of original issue discount, or otherwise (ii) be part of the same issue as the Securities for U.S. federal income tax purposes. Any
Additional Securities and the existing Securities will constitute a single series under the Indenture and all references to the relevant Securities herein shall include the Additional Securities unless the context otherwise requires. The aggregate
amount of Outstanding Securities represented hereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. 

The Securities of this series are subject to redemption in whole or in part at any time or from time to time, at the option of the Company, at
a Redemption Price equal to the greater of the following amounts, plus, in each case, accrued and unpaid interest to the Redemption Date: 
  

	 	(a)	 100% of the principal amount of the Securities to be redeemed, or 

 

	 	(b)	 the sum of the present values of the remaining scheduled payments of principal and interest (exclusive of
accrued and unpaid interest to the Redemption Date) on the Securities to be redeemed, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using the applicable Treasury Rate plus 35 basis points; 

 provided, however, that if
the Company redeems any Securities on or after July 1, 2026, the Redemption Price for the Securities will be equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding,
the Redemption Date. 

  
 5 

 For purposes of calculating the Redemption Price in connection with the redemption of the
Securities, on any Redemption Date, the following terms have the meanings set forth below: 
 “Treasury Rate” means, with respect
to any Redemption Date, the rate per annum equal to the semi-annual equivalent yield-to-maturity of the Comparable Treasury Issue (computed as of the third Business Day
immediately preceding the redemption), assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Redemption Price and the Treasury Rate
will be determined by the Company. 
 “Comparable Treasury Issue” means the United States Treasury security selected by the
Reference Treasury Dealer as having a maturity comparable to the remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary financing practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term of the Securities being redeemed. 
 “Comparable Treasury Price”
means (1) the average of the remaining Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Quotation Agent obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Quotation Agent” means a Reference Treasury Dealer
selected by the Company. 
 “Reference Treasury Dealer” means each of (1) BofA Securities, Inc., (2) J.P. Morgan Securities
LLC and (3) a Primary Treasury Dealer to be Selected by SMBC Nikko Securities America, Inc.; or, in the case of each of (1), (2) or (3), its affiliates which are primary U.S. government securities dealers in the United States (a “Primary
Treasury Dealer”) and their respective successors; provided, however, that if the foregoing or its affiliates shall cease to be a Primary Treasury Dealer, the Company shall select another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average,
as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 3:30
p.m. New York time on the third Business Day preceding such Redemption Date. 
 All determinations made by any Reference Treasury Dealer,
including the Quotation Agent, with respect to determining the Redemption Price will be final and binding absent manifest error. 
 Notice
of redemption shall be given in writing and mailed, first-class postage prepaid or by overnight courier guaranteeing next-day delivery, or sent electronically in accordance with Applicable Procedures with
respect to Notes in global form, to each Holder of the Securities to be redeemed, not less than thirty (30) nor more than sixty (60) days prior to the Redemption Date, at the Holder’s address appearing in the Security Register. All
notices of redemption shall contain the information set forth in Section 11.04 of the Base Indenture. 
 Any exercise of the
Company’s option to redeem the Securities will be done in compliance with the Investment Company Act, to the extent applicable. 
 If
the Company elects to redeem only a portion of the Securities, the particular Securities to be redeemed will be selected by the Trustee in accordance with the applicable procedures of the Depositary and in accordance with the Investment Company Act.
In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof; provided,
however, that no such partial redemption shall reduce the portion of the principal amount of a Security not redeemed to less than $2,000. 

  
 6 

 Unless the Company defaults in payment of the Redemption Price, on and after the Redemption
Date, interest will cease to accrue on the Securities called for redemption. 
 Holders will have the right to require the Company to
repurchase their Securities upon the occurrence of a Change of Control Repurchase Event as set forth in the Indenture. 
 The Indenture
contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the
Indenture. 
 If an Event of Default with respect to Securities of this series shall occur and be continuing (other than Events of Default
related to certain events of bankruptcy, insolvency or reorganization as set forth in the Indenture), the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. In the
case of certain events of bankruptcy, insolvency or reorganization described in the Indenture, 100% of the principal of and accrued and unpaid interest on the Securities will automatically become due and payable. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal amount of the
Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the
Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not
have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing
Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in
respect of such Event of Default as Trustee and offered the Trustee indemnity against the costs, expenses and liabilities to be incurred in compliance with such request, and the Trustee shall not have received from the Holders of a majority in
principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for ninety (90) days after receipt of such notice, request and offer of
indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
Security Register, upon surrender of this Security for registration of transfer 

  
 7 

 
at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Securities of
this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this
series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Company or Trustee may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither
the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 All terms used in this Security which are
defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 To the extent any provision of this Security
conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 
 The Indenture
and this Security shall be governed by and construed in accordance with the laws of the State of New York, without regard to principles of conflicts of laws. 

  
 8 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	 	  

		 	(INSERT ASSIGNEE’S LEGAL NAME)

  
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
  

			
	and irrevocably appoint	 	  

 to transfer this Note on the books of the Company. The agent may substitute another to act for him. 

 

			
	Date:	 	  

  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

  

			
	Signature Guarantee*:	 	  

  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 9 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 13.01 of the Indenture, check the box below: 

☐ Section 13.01 
 If
you want to elect to have only part of the Note purchased by the Company pursuant to Section 13.01 of the Indenture, state the amount you elect to have purchased: 

$
                             

 

			
	Date:	 	  

  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

  

			
	Tax Identification No.:	 	  

  

			
	Signature Guarantee*:	 	  

  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 10 

 SCHEDULE OF INCREASES AND DECREASES OF GLOBAL NOTE 

The Initial principal amount of this Global Note is $         . The following increases and decreases
to this Global Note have been made: 
  

									
	 Date of Increase or

Decrease
	  	 Amount of Decrease in
Principal Amount at Maturity

of this Global Note
	  	 Amount of Increase in
Principal Amount at Maturity

of this Global Note
	  	 Principal Amount at Maturity

of this Global Note
Following such
decrease (or increase)
	  	 Signature of
Authorized Signatory
of Trustee or DTC

Custodian

		  		  		  		  	

  
 11Exhibit 4.1

      

      

      

      

      
        
 

       

      

       

      

      REGISTRATION RIGHTS AGREEMENT

      

      

      by and between

      

      

      HOME POINT CAPITAL INC.

      

      

      and

      

      

      the other parties hereto

      

      

      Dated as of February 2, 2021

       

      

      
        

        

        

      

      

      

      
        
          

      

      
      

      

      TABLE OF CONTENTS

      

      

      

      

      

      

      	 	
              Page

            
	
              ARTICLE I DEFINITIONS

            	
              1

            
	 	 	 
	
              SECTION 1.1

            	
              Certain Definitions

            	
              1

              

            
	 	 	 
	
              SECTION 1.2

            	
              Other Definitional Provisions; Interpretation

            	
              5

            
	 	 	 
	
              ARTICLE II REGISTRATION RIGHTS

            	
              5

            
	 	 	 
	
              SECTION 2.1

            	
              Piggyback Rights

            	
              5

              

            
	 	 	 
	
              SECTION 2.2

            	
              Demand Registration

            	
              7

              

            
	 	 	 
	
              SECTION 2.3

            	
              Registration Procedures

            	
              9

              

            
	 	 	 
	
              SECTION 2.4

            	
              Other Registration-Related Matters

            	
              13

            
	 	 	 
	
              ARTICLE III INDEMNIFICATION

            	
              15

              

            
	 	 	 
	
              SECTION 3.1

            	
              Indemnification by the Company

            	
              15

            
	 	 	 
	
              SECTION 3.2

            	
              Indemnification by the Holders and Underwriters

            	
              15

            
	 	 	 
	
              SECTION 3.3

            	
              Notices of Claims, Etc.

            	
              16

            
	 	 	 
	
              SECTION 3.4

            	
              Contribution

            	
              16

            
	 	 	 
	
              SECTION 3.5

            	
              Other Indemnification

            	
              17

              

            
	 	 	 
	
              SECTION 3.6

            	
              Non-Exclusivity

            	
              17

              

            
	 	 	 
	
              ARTICLE IV OTHER

            	
              17

              

            
	 	 	 
	
              SECTION 4.1

            	
              Notices

            	
              17

              

            
	 	 	 
	
              SECTION 4.2

            	
              Assignment

            	
              17

              

            
	 	 	 
	
              SECTION 4.3

            	
              Amendments; Waiver

            	
              17

              

            
	 	 	 
	
              SECTION 4.4

            	
              Third Parties

            	
              18

              

            
	 	 	 
	
              SECTION 4.5

            	
              Governing Law

            	
              18

              

            
	 	 	 
	
              SECTION 4.6

            	
              CONSENT TO JURISDICTION.

            	
              18

            
	 	 	 
	
              SECTION 4.7

            	
              MUTUAL WAIVER OF JURY TRIAL

            	
              18

              

            
	 	 	 

      
        i

        
          

      

      

      

      	
              SECTION 4.8

            	
              Specific Performance

            	
              18

              

            
	 	 	 
	
              SECTION 4.9

            	
              Entire Agreement

            	
              18

              

            
	 	 	 
	
              SECTION 4.10

            	
              Severability

            	
              18

              

            
	 	 	 
	
              SECTION 4.11

            	
              Counterparts

            	
              19

            
	 	 	 
	
              SECTION 4.12

            	
              Effectiveness

            	
              19

            
	 	 	 
	
              SECTION 4.13

            	
              Confidentiality

            	
              19

            
	 	 	 
	
              SECTION 4.14

            	
              No Recourse

            	
              19

            
	 	 	 
	
              SECTION 4.15

            	
              Independent Nature of the Rights and Obligations of Holders

            	
              19

            
	 	 	 
	
              SECTION 4.16

            	
              Termination as to a Holder

            	
              19

            

      

      

      
        ii

        
          

      

      

      

      REGISTRATION RIGHTS AGREEMENT

      

      

      THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is dated as of February 2, 2021 and is by and between Home Point Capital Inc. (the “Company”) and the Holders (as defined below)
        from time to time party hereto.

      

      

      RECITALS

      

      

      WHEREAS, the Company is effecting an underwritten initial public offering (“IPO”) of shares of its Common Stock (as defined below); and

      

      

      WHEREAS, in connection with the IPO, Home Point Capital LP (the “Partnership”) will merge with and into the Company, with the Company as the surviving entity (the “Merger”), upon
        which holders of limited partnership interests in the Partnership will receive shares of Common Stock in respect of their partnership units in the Partnership;

      

      

      WHEREAS, Section 9.10 of the Amended and Restated Agreement of Limited Partnership of Home Point Capital LP, dated as of March 31, 2015 (the “LPA”), provides that upon the request of any
        Sponsor Partner (as defined in the LPA) in connection with a contemplated IPO of the equity of the Partnership, any Affiliate of the Partnership or the Company, the Partnership shall enter into a registration rights agreement with the Sponsor
        Partners containing customary provisions for a transaction of this type, including demand registration rights and piggyback registration rights;

      

      

      WHEREAS, the Company, after giving effect to the Merger, desires to grant registration rights to Holders pursuant to Section 9.10 of the LPA on the terms and conditions set out in this Agreement;
        and

      

      

      WHEREAS, in connection with, and effective upon, the date of completion of the IPO (the “Closing Date”), the parties hereto desire to enter into this Agreement to govern certain registration
        rights of the Holders after consummation of the IPO.

      

      

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

      

      

      ARTICLE I

      

      

      DEFINITIONS

      

      

      SECTION 1.1          Certain Definitions.  As used in this Agreement:

      

      

      “Adverse Disclosure” means public disclosure of material, non-public information that, in the good faith judgment of the Board’s disinterested members, after consultation with outside counsel to the Company, (i)
        would be required to be made in any registration statement filed with the SEC by the Company so that such registration statement would not be materially misleading and such material, non-public information would not be required to be made at such
        time but for the filing of such registration statement and would not otherwise be required under Law and (ii) the Company has a bona fide business purpose for not disclosing publicly.

      

      

      
        
          

      

      
      

      

      “Advice” has the meaning set forth in Section 2.4(b).

      

      

      “Affiliate” shall mean, (i) with respect to any Person (other than the Stone Point Entities), an “affiliate” as defined in Rule 405 of the regulations promulgated under the Securities Act, and (ii) with respect
        to the Stone Point Entities, an “affiliate” as defined in Rule 405 of the regulations promulgated under the Securities Act and any investment fund, vehicle or holding company of which the Stone Point Entities or an Affiliate of the Stone Point
        Entities serves as the general partner, managing member or discretionary manager or advisor; provided, however, that notwithstanding the foregoing, except as used in Article III, an Affiliate of the Stone Point Entities
        shall not include any Portfolio Company or other investment of the Stone Point Entities.

      

      

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

      

      

      “Board” means the board of directors of the Company.

      

      

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

      

      

      “Common Stock” means the shares of common stock, par value $0.0000000072 per share, of the Company, and any other capital stock of the Company into which such common stock is reclassified or reconstituted,
        including by way of a stock dividend or stock split.

      

      

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

      

      

      “Control” (including its correlative meanings, “Controlled by,” “Controlling” and “under common Control with”) means possession, directly or indirectly, of the power to direct or cause the
        direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise) of a Person.

      

      

      “Demand Party” has the meaning set forth in Section 2.2(a).

      

      

      “Demand Suspension” has the meaning set forth in Section 2.2(a).

      

      

      “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as the same may be amended from time to time.

      

      

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

      

      

      “Governmental Authority” means any nation or government, any state or other political subdivision thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or
        pertaining to government.

      

      

      “Holder” means each entity comprising Stone Point and any Transferee of such Person to whom registration rights are assigned pursuant to Section 4.2 that is a holder of Registrable Securities or Securities
        exercisable, exchangeable or convertible into Registrable Securities.

      

      

      “Indemnified Party” and “Indemnified Parties” have the meanings set forth in Section 3.1.

      

      

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

      

      

      “Law” means any statute, law, regulation, ordinance, rule, injunction, order, decree, governmental approval, directive, requirement, or other governmental restriction or any similar form of decision of, or
        determination by, or any interpretation or administration of any of the foregoing by, any Governmental Authority.

      

      

      “Lockup Period” has the meaning set forth in Section 2.4(d)(i).

      

      

      “NewCo” has the meaning set forth in Section 2.2(g).

      
        2

        
          

      

      

      

      “Non-Recourse Party” has the meaning set forth in Section 4.14.

      

      

      “Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, a cooperative, an unincorporated organization, or other
        form of business organization, whether or not regarded as a legal entity under applicable Law, or any Governmental Authority or any department, agency or political subdivision thereof.

      

      

      “Portfolio Company” shall mean, with respect to any Person, a “portfolio company” (as such term is customarily used among institutional investors), or any entity controlled by any “portfolio
        company”, of such Person or one of its Affiliates.

      

      

      “Public Offering” means a public offering of equity securities of the Company or any successor thereto or any Subsidiary of the Company pursuant to a registration statement declared effective under the
        Securities Act.

      

      

      “Registrable Securities” means all shares of Common Stock and any Securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or into which the
        Common Stock may be converted or exchanged pursuant to any reclassification, recapitalization, merger, consolidation, sale of all or any part of its assets, corporate conversion, reorganization or other extraordinary transaction of the Company held
        by a Holder (in each case whether now held or hereafter acquired, and including any such Securities received as a result of a stock dividend or stock split or received by a Holder upon the conversion or exchange of, or pursuant to such a
        transaction with respect to, other Securities held by such Holder).  As to any Registrable Securities, such Securities shall cease to be Registrable Securities when:

      

      

      	

            	(a)	
              a registration statement covering such Registrable Securities has been declared effective and such Registrable Securities have been disposed of pursuant to such effective registration statement;

            

      

      

      	

            	(b)	
              such Registrable Securities shall have been sold pursuant to Rule 144 or 145 (or any similar provision then in effect) under the Securities Act; or

            

      

      

      	

            	(c)	
              such Registrable Securities cease to be outstanding.

            

      

      

      “Registration Expenses” means any and all fees and expenses incurred in connection with the performance of or compliance with this Agreement, including:

      

      

      	

            	(a)	
              all registration and filing fees (including, without limitation, all SEC, stock exchange, and FINRA registration and filing fees and the fees and expenses of any “qualified independent underwriter,” as such term
                is defined in Rule 5121 of FINRA, and of its counsel);

            

      

      

      	

            	(b)	
              all fees and expenses of complying with securities or blue sky Laws (including fees and disbursements of counsel for the underwriters in connection with blue sky qualifications of the Registrable Securities);

            

      

      

      	

            	(c)	
              all printing, messenger, telephone and delivery expenses;

            

      

      

      	

            	(d)	
              all fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange or FINRA and all rating agency fees;

            

      

      

      	

            	(e)	
              the reasonable fees and disbursements of counsel for the Company and of its independent certified public accountants, including the expenses of any special audits and/or “comfort” letters required by or incident
                to such performance and compliance;

            

      

      

      
        3

        
          

      

      

      

      	

            	(f)	
              any fees and disbursements of underwriters customarily paid by the issuers or sellers of Securities, including liability insurance if the Company so desires or if the underwriters so require, and the reasonable
                fees and expenses of any special experts retained in connection with the requested registration, but excluding underwriting discounts and commissions and transfer taxes, if any;

            

      

      

      	

            	(g)	
              the reasonable fees and out-of-pocket expenses of not more than one law firm together with appropriate local counsel (as selected by the Holders of a majority of the Registrable Securities included in such
                registration) representing the Holders in connection with the registration;

            

      

      

      	

            	(h)	
              other reasonable out-of-pocket expenses of the holders of Registrable Securities incurred in connection with the registration;

            

      

      

      	

            	(i)	
              the costs and expenses of the Company relating to analyst and investor presentations or any “road show” undertaken in connection with the registration and/or marketing of the Registrable Securities (including the
                reasonable out-of-pocket expenses of the Holders); and

            

      

      

      	

            	(j)	
              any other fees and disbursements customarily paid by the issuers of securities.

            

      

      

      “SEC” means the U.S. Securities and Exchange Commission or any successor agency.

      

      

      “Securities” means capital stock, limited partnership interests, limited liability company interests, beneficial interests, warrants, options, notes, bonds, debentures, and other securities, equity interests,
        ownership interests and similar obligations of every kind and nature of any Person.

      

      

      “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, as the same may be amended from time to time.

      

      

      “Shelf Offering” has the meaning set forth in Section 2.2(b).

      

      

      “Stone Point” means the entities listed on the signature pages hereto under the heading “Stone Point”.

      

      

      “Stone Point Entities” means the entities comprising Stone Point, their respective Affiliates and the successors and permitted assigns of such entities and their respective Affiliates.

      

      

      “Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or other business entity of which: (i) if a corporation, a majority of the total voting power
        of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, representatives or trustees thereof is at the time owned or Controlled, directly or indirectly, by that Person or one or more of
        the other Subsidiaries of that Person or a combination thereof; or (ii) if a limited liability company, partnership, association or other business entity, a majority of the total voting power of stock (or equivalent ownership interest) of the
        limited liability company, partnership, association or other business entity is at the time owned or Controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof.  For purposes hereof, a
        Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of limited liability company,
        partnership, association or other business entity gains or losses or shall be or Control the managing director or general partner of such limited liability company, partnership, association or other business entity.

      

      

      
        4

        
          

      

      

      

      “Transfer” (including its correlative meanings, “Transferor”, “Transferee”  and “Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell,
        give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or
        dispose of any economic, voting or other rights in or to such security.  When used as a noun, “Transfer” shall have such correlative meaning as the context may require.

      

      

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

      

      

      SECTION 1.2          Other Definitional Provisions; Interpretation.

      

      

      (a)          The words “hereof,” “herein,” and “hereunder” and words of similar import when used in this Agreement refer to this Agreement as a whole
          and not to any particular provision of this Agreement.  The word “including” and words of similar import when used in this Agreement mean “including, without limitation,” unless otherwise specified.  References in this Agreement to a designated
          “Article” or “Section” refer to an Article or Section of this Agreement unless otherwise specified and references to clauses without a cross-reference to a Section or subsection are references to clauses within the same Section or, if more
          specific, subsection.  The word “extent” in the phrase “to the extent” means the degree to which a subject or other thing extends and such phrase shall not mean simply “if.”  References to “day” means a calendar day unless otherwise indicated as
          a “Business Day.”

      

      

      (b)          The headings in this Agreement are included for convenience of reference only and do not limit or otherwise affect the meaning or
          interpretation of this Agreement.

      

      

      (c)          The meanings given to terms defined herein are equally applicable to both the singular and plural forms of such terms.

      

      

      ARTICLE II

      

      

      REGISTRATION RIGHTS

      

      

      SECTION 2.1          Piggyback Rights.

      

      

      (a)          If at any time following expiration or waiver of the Lockup Period (or, if earlier, such time as the Demand Party exercises a demand right
          pursuant to Section 2.2(a)) the Company proposes to register Securities for public sale (whether proposed to be offered for sale by the Company or by any other Person) under the Securities Act (other than a registration on Form S‐4 or S‐8, or any
          successor or other forms promulgated for similar purposes) in a manner which would permit registration of Registrable Securities for sale to the public under the Securities Act, it will, at each such time following expiration or waiver of the
          Lockup Period (or, if earlier, such time as the Demand Party exercises a demand right pursuant to Section 2.2(a)), give prompt written notice (which notice shall specify the intended method or methods of disposition) to the Holders of its
          intention to do so and of such Holder’s rights under this Section 2.1.  For the avoidance of doubt, to the extent such registration is being effected pursuant to the exercise of a demand right pursuant to Section 2.2(a), the Company shall not be
          obligated to provide such notice to the Demand Party or its Affiliates.  Upon the written request of any Holder made within fifteen (15) days after the receipt of any such notice (which request shall specify the number of Registrable Securities
          intended to be disposed of by such Holder), the Company shall include in such registration all Registrable Securities which the Holders have so requested to be registered; provided that: (i) any Holder shall have the right to withdraw
          such Holder’s request for inclusion of any of such Holder’s Registrable Securities in any registration statement pursuant to this Section 2.1(a) by giving written notice to the Company of such withdrawal, provided that, in the case of any
          underwritten offering, written notice of such withdrawal must be given to the Company prior to the time at which the offering price and underwriter’s discount is determined with the managing underwriter or underwriters; (ii) if, at any time after
          giving written notice of its intention to register any Securities and prior to the effective date of the registration statement filed in connection with such registration, the Company shall determine for any reason not to proceed with the
          proposed registration of the Securities to be sold by it, the Company may, at its election, give written notice of such determination to the Holders and, thereupon, the Company shall be relieved of its obligation to register any Registrable
          Securities in connection with such registration (but not from its obligation to pay the Registration Expenses incurred in connection therewith) without prejudice to the rights of the Demand Party to request that such registration be effected as a
          registration under Section 2.2(a); and (iii) subject to clause (i), if such registration involves an underwritten offering, the Holders of Registrable Securities requesting to be included in the registration must, upon the written request of the
          Company, sell their Registrable Securities to the underwriters on the same terms and conditions as apply to the other Securities being sold through underwriters under such registration, with, in the case of a combined primary and secondary
          offering, only such differences, including any with respect to representations and warranties, indemnification and liability insurance, as may be customary or appropriate in combined primary and secondary offerings.

      

      

      
        5

        
          

      

      

      

      (b)          Expenses.  The Company will pay all Registration Expenses in connection with each registration of Registrable Securities requested
          pursuant to this Section 2.1.

      

      

      (c)          Priority in Piggyback Registrations.  If a registration pursuant to this Section 2.1 involves an underwritten offering and the
          managing underwriter advises the Company in writing (a copy of which shall be provided to the Holders) that, in its opinion, the number of Registrable Securities and other Securities requested to be included in such registration exceeds the
          number which can be sold in such offering, so as to be likely to have a material and adverse effect on the price, timing or distribution of the Securities offered in such offering, then the Company will include in such registration: (i) first,
          the Securities the Company proposes to sell for its own account; (ii) second, on a pro rata basis, on the basis of the number of Registrable Securities requested to be included in such registration by
          Holders of Registrable Securities; and (iii) third, such other Securities entitled to be included in such registration and the holders of which submitted a proper request for inclusion in such registration.  Any other selling holders of the
          Company’s Securities (other than Transferees to whom a Holder has assigned its rights under this Agreement) will be included in an underwritten offering only with the consent of Holders holding a majority of the Registrable Securities being sold
          in such offering and, if so included, such Securities, at the election of the Holders holding a majority of the Registrable Securities being sold in such offering, shall be subject to clause (ii) above in the same manner as the Registrable
          Securities held by the Holders or shall have priority after the shares of the Holders.

      

      

      (d)          Excluded Transactions.  The Company shall not be obligated to effect any registration of Registrable Securities under this Section
          2.1 incidental to the registration of any of its Securities in connection with:

      

      

      (i)          the IPO;

      

      

      (ii)          a registration statement on Form S-8 or any similar form filed to cover issuances under employee benefits plans or
          dividend reinvestment plans;

      

      

      (iii)          any registration statement on Form S-4 or any similar form relating solely to the acquisition or merger after the
          date hereof by the Company or any of its Subsidiaries of or with any other businesses; or

      

      

      (iv)          any registration related solely to an exchange by the Company of its own securities.

      

      

      (e)          Plan of Distribution, Underwriters, Advisors and Counsel.  If a registration pursuant to this Section 2.1 involves an underwritten
          offering that is initiated by selling holders, the Holders that initiated such underwritten offering (by action of the holders of a majority of the Registrable Securities requested to be registered thereby) shall have the right to (i) determine
          the plan of distribution and (ii) select the investment banker or bankers and managers and any provider of advisory services, which may include Affiliates of Stone Point, to administer the offering, including the lead managing underwriter
          (provided that such investment banker or bankers, managers and providers of advisory services shall be reasonably satisfactory to the Company whose approval shall not be unreasonably withheld, conditioned or delayed) and (iii) select counsel for
          the selling Stone Point Entities.  If a registration pursuant to this Section 2.1 involves an underwritten offering that is initiated by the Company, the Company shall have the right to (i) determine the plan of distribution and (ii) select the
          investment banker or bankers and managers to administer the offering, including the lead managing underwriter.

      

      

      (f)          Shelf Takedowns.  Subject to the expiration or waiver of any applicable lockup pursuant to Section 2.4(d), in connection with any
          shelf takedown (other than a shelf takedown at the request of the Demand Party, which shall be governed by Section 2.2(f)), the Holders may exercise “piggyback” rights in the manner described in this Agreement to have included in such takedown
          Registrable Securities held by them that are registered on such shelf registration statement.

      

      

      
        6

        
          

      

      

      

      SECTION 2.2          Demand Registration.

      

      

      (a)          General.  At any time, upon the written request of any Stone Point Entity (the “Demand Party”) requesting that the Company
          effect the registration under the Securities Act of Registrable Securities and specifying the amount and intended method of disposition thereof (including, but not limited to, an underwritten public offering), the Company will (i) promptly give
          written notice of such requested registration to Holders other than the Demand Party and its Affiliates and to other holders of Securities entitled to notice of such registration, if any, and (ii) as expeditiously as possible, use its reasonable
          best efforts to file a registration statement to effect the registration under the Securities Act of:

      

      

      (i)          such Registrable Securities which the Company has been so requested to register by the Demand Party in accordance with
          the intended method of disposition thereof; and

      

      

      (ii)          the Registrable Securities of other Holders which the Company has been requested to register by written request given
          to the Company within five (5) days after the giving of such written notice by the Company.

      

      

      Notwithstanding the foregoing, if the filing of a registration statement relating to any registration request under this Section 2.2(a) would (x) require the Company to make an Adverse Disclosure, (y) occurs prior to the expiration or waiver of
        the applicable Lockup Period, if any, in respect of a previous Public Offering or (z) the amount of Registrable Securities which the Company has been so requested to register by the Demand Party is less than $25.0 million at the time of such
        request then the Company may delay the filing of any such registration statement (but not the preparation of) or initial effectiveness of, or suspend use of, the registration statement (a “Demand Suspension”); provided, however,
        that the Company shall not be permitted to exercise more than two (2) Demand Suspensions during any twelve- (12) month period for more than an aggregate of sixty (60) days; provided, further, that in the event of a Demand
        Suspension, the Company shall provide written notice to the holders of the Registrable Securities of such Demand Suspension in advance thereof, which notice shall state generally the basis for such notice and provide that such Demand Suspension
        shall terminate at such time as the Company would no longer be required to make such Adverse Disclosure and the Company shall provide prompt written notice to the Holders of the Registrable Securities at such time as the Demand Suspension is
        terminated; provided, further, that, in such event the Company shall pay all Registration Expenses in connection with such registration.

      

      

      (b)          Form and Shelf Registrations.  Each registration statement prepared at the request of a Demand Party shall be effected on such form
          as reasonably requested by the Demand Party, including by a shelf registration pursuant to Rule 415 under the Securities Act on Form S-1 or Form S-3 (or, in each case, any successor rule or form thereto), including an automatic shelf registration
          statement (as defined in Rule 405 under the Securities Act) if at the time the Company is a WKSI, if so requested by the Demand Party and if the Company is then eligible to effect a shelf registration and use such form for such disposition.  If
          requested by Holders of a majority of the Registrable Securities, following the first day of the calendar month immediately following the first anniversary of the date hereof, the Company shall prepare and file a registration statement covering
          the sale and distribution from time to time by Holders of Registrable Securities, on a delayed or continuous basis pursuant to Rule 415 of the Securities Act, of all of the Registrable Securities on Form S-3, and if the Company is a WKSI at the
          time any request for a demand registration is submitted to the Company, such shelf registration shall be an automatic shelf registration statement (as defined in Rule 405 under the Securities Act) (except if the Company is not then eligible to
          register for resale the Registrable Securities on Form S-3, then such registration shall be on another appropriate form and shall provide for the registration of such Registrable Securities for resale by the Holders of the Registrable Securities
          in accordance with any reasonable method of distribution elected by a majority of the Holders of the Registrable Securities), and shall use its reasonable best efforts to cause such registration statement to be declared effective as soon as
          reasonably practicable and to be continuously effective and usable until such time as there are no longer any Registrable Securities outstanding.  The Company shall, prior to the expiration of any such shelf registration statement, file a new
          shelf registration statement covering such Registrable Securities and shall thereafter use its reasonable best efforts to cause such shelf registration statement to be declared effective as promptly as reasonably practical.  The Company shall
          supplement and amend any shelf registration statement if required by the Securities Act or the rules, regulations or instructions applicable to the registration form used by the Company for such shelf registration statement.  Subject to the other
          applicable provisions of this Agreement, at any time that any shelf registration statement is effective, if a Holder of Registrable Securities delivers a notice to the Company stating that it intends to effect a sale or distribution of all or
          part of its Registrable Securities included by it on any shelf registration statement (a “Shelf Offering”) and stating the number of the Registrable Securities to be included in such Shelf Offering, then the Company shall amend, subject to
          the other applicable provisions of this Agreement, or supplement the shelf registration statement as may be necessary in order to enable such Registrable Securities to be sold and distributed pursuant to the Shelf Offering; provided, however,
          that the Company shall not be required to file more than one post-effective amendment or a supplement to the shelf registration statement for such purpose in any 15-day period.

      

      

      
        7

        
          

      

      

      

      (c)          Expenses.  The Company will pay all Registration Expenses in connection with each registration of Registrable Securities requested
          pursuant to this Section 2.2.

      

      

      (d)          Plan of Distribution, Underwriters, Advisors and Counsel.  If a requested registration pursuant to this Section 2.2 involves an
          underwritten offering, the Holders of a majority of the Registrable Securities included in such underwritten offering shall have the right to (i) determine the plan of distribution, (ii) select the investment banker or bankers, managers and any
          provider of advisory services, which may include Affiliates of Stone Point to administer the offering, including the lead managing underwriter (provided that such investment banker or bankers, managers and providers of advisory services shall be
          reasonably satisfactory to the Company, such acceptance not to be unreasonably withheld, conditioned or delayed) and (iii) select counsel for the selling Holders.

      

      

      (e)          Priority in Demand Registrations.  If a requested registration pursuant to this Section 2.2 involves an underwritten offering and
          the managing underwriter advises the Company in writing (a copy of which shall be provided to the Holders) that, in its opinion, the number of Registrable Securities requested to be included in such registration (including Securities of the
          Company which are not Registrable Securities) exceeds the number which can be sold in such offering, so as to be likely to have a material and adverse effect on the price, timing or distribution of the Securities offered in such offering, then
          the number of such Registrable Securities to be included in such registration shall be allocated pro rata among (1) Registrable Securities held by the Demand Party, and (2) the Registrable Securities held
          by the other Holders that have requested that their Registrable Securities be sold pursuant to Section 2.1(a), if any, on the basis of the relative number of Securities requested to be included in such registration by the Demand Party and each
          such other Holder.  Any other selling holders of the Company’s Securities (other than Transferees to whom a Holder has assigned its rights under this Agreement) will be included in an underwritten offering only with the prior written consent of
          Holders holding a majority of the Registrable Securities being sold in such offering.

      

      

      (f)          Shelf Takedowns.  Subject to the expiration or waiver of any applicable lockup pursuant to Section 2.4(d), upon the written request
          of the Demand Party at any time and from time to time, the Company will facilitate in the manner described in this Agreement a “takedown” promptly of the Demand Party’s Registrable Securities off of an effective shelf registration statement. 
          Upon the written request of the Demand Party, the Company will file and seek the effectiveness of a post-effective amendment to an existing shelf registration statement or a prospectus supplement in order to register up to the number of the
          Demand Party’s Registrable Securities previously taken down off of such shelf by the Demand Party and not yet “reloaded” onto such shelf registration statement.

      

      

      In connection with the exercise by the Demand Party of a demand right pursuant to this Section 2.2(f), where the contemplated plan of distribution includes a customary “road show” or other substantial
        marketing effort by the Company and the underwriters (a “Marketed Underwritten Shelf Offering”), the Demand Party shall also deliver the applicable demand request to any Holders of Registrable Securities included on the applicable shelf
        registration statement and, subject to the limitations in Section 2.2(e), the Demand Party shall permit each such Holder to include all or a portion of its Registrable Securities in the Marketed Underwritten Shelf Offering if such Holder notifies
        the Demand Party and the Company within two days after delivery of the demand request to such Holder of its election to participate (which election shall specify the number of Registrable Securities intended to be disposed of by such Holder).  For
        the avoidance of doubt, any proposed offer and sale of Registrable Securities to one or more purchasers or underwriters by means of a block trade, bought deal or direct sale shall not be deemed to be a Marketed Underwritten Shelf Offering.

      

      

      
        8

        
          

      

      

      

      (g)          Additional Rights.  Except as expressly provided in this Agreement, the Company represents and warrants that it is not a party to,
          or otherwise subject to, any other agreement granting registration rights to any other Person with respect to any Securities of the Company.  Neither the Company nor its Subsidiaries shall enter into any agreement with respect to their respective
          Securities that is inconsistent with the rights granted to the Holders in this Agreement or, other than pursuant to this Agreement, grant any additional registration rights to any Person or with respect to any Securities that are not Registrable
          Securities or any securities convertible, exchangeable into or exercisable for such Securities, or amend any grant of such right, without the prior written consent of the Holders holding a majority of the Registrable Securities subject to this
          Agreement.  In the event the Company engages in a merger or consolidation in which the shares of Common Stock are converted into Securities of another company, appropriate arrangements will be made so that the registration rights provided under
          this Agreement continue to be provided to Holders by the issuer of such Securities.  To the extent such new issuer, or any other company acquired by the Company in a merger or consolidation, was bound by registration rights that would conflict
          with the provisions of this Agreement, the Company will use its reasonable best efforts to modify any such “inherited” registration rights so as not to interfere in any material respects with the rights provided under this Agreement, unless
          otherwise agreed by Holders then holding a majority of Registrable Securities.

      

      

      In addition, in the event that the Company effects the separation of any portion of its business into one or more entities (each, a “NewCo”), whether existing or newly formed, including, without limitation, by
        way of spin-off, split-off, carve-out, demerger, recapitalization, reorganization or similar transaction, and any Holder will receive equity interests in any such NewCo as part of such separation, the Company shall cause any such NewCo to enter
        into a registration rights agreement with each such Holder that provides each such Holder with registration rights vis-á-vis such NewCo that are substantially identical to those set forth in this Agreement.

      

      

      (h)          Custody Agreement and Power of Attorney; Underwritten Registrations. Upon delivering a request to participate in an offering under
          Section 2.1 or Section 2.2, a Holder will, if requested by the Company, execute and deliver a customary custody agreement and power of attorney in form and substance reasonably satisfactory to the Company with respect to such Holder’s Registrable
          Securities to be offered pursuant thereto (a “Custody Agreement and Power of Attorney”).  The Custody Agreement and Power of Attorney will provide, among other things, that the Holder will deliver to and deposit in custody with the
          custodian and attorney-in-fact named therein a certificate or certificates representing such Registrable Securities (duly endorsed in blank by the registered owner or owners thereof or accompanied by duly executed stock powers in blank), if such
          Registrable Securities are certificated, and irrevocably appoint said custodian and attorney-in-fact with full power and authority to act under the Custody Agreement and Power of Attorney on such Holder’s behalf with respect to the matters
          specified therein.  Each Holder agrees to execute such other agreements as the Company may reasonably request to further evidence the provisions of this paragraph.

      

      

      In addition, no Holder may participate in any underwritten registration pursuant to Section 2.2(a) or 2.2(f) unless such Holder (a) agrees to sell such holder’s Registrable Securities on the basis provided in any
        underwriting arrangements approved by Stone Point (in the case of an underwritten registration pursuant to Section 2.2(a) through (f)), by the Company or other Person initiating the offering (in the case of an underwritten registration pursuant to
        Section 2.1) and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements.

      

      

      SECTION 2.3          Registration Procedures.  If and whenever the Company is required to file a
          registration statement with respect to, or to use its reasonable best efforts to effect or cause the registration of, any Registrable Securities under the Securities Act as provided in this Agreement, the Company will as expeditiously as
          possible:

      

      

      (a)          promptly prepare and file with the SEC a registration statement on an appropriate form with respect to such Registrable Securities and use
          its reasonable best efforts to cause such registration statement to become effective; provided, however, that the Company may discontinue any registration of Securities which it has initiated for its own account at any time prior
          to the effective date of the registration statement relating thereto (and, in such event, the Company shall pay the Registration Expenses incurred in connection therewith); and provided, further, that before filing a registration
          statement or prospectus, or any amendments or supplements thereto, the Company will (i) furnish to counsel for the sellers of Registrable Securities covered by such registration statement copies of all documents proposed to be filed, which
          documents will be subject to the review of such counsel, (ii) fairly consider such reasonable changes in any such documents prior to or after the filing thereof as the counsel to the sellers of Registrable Securities being sold may request, and
          (iii) make such of the representatives of the Company as shall be reasonably requested by the sellers of the Registrable Securities being sold available for discussion of such documents;

      

      

      
        9

        
          

      

      

      

      (b)          prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection
          therewith as may be necessary to keep such registration statement effective for a period ending when all of the Registrable Securities covered by such registration statement have been disposed of in accordance with the intended methods of
          distribution by the sellers thereof set forth in such registration statement (but not in any event before the expiration of any longer period required under the Securities Act or, if such registration statement relates to an underwritten Public
          Offering, such longer period as in the opinion of counsel for the underwriters for such Public Offering that a prospectus is required by Law to be delivered in connection with the sale of Registrable Securities by an underwriter or dealer) and to
          comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Securities covered by such registration statement during such period in accordance with the intended methods of disposition by the seller
          or sellers thereof set forth in such registration statement; provided that before filing a registration statement or prospectus, or any amendments or supplements thereto, the Company will (i) furnish to counsel for the sellers of
          Registrable Securities covered by such registration statement copies of all documents proposed to be filed, which documents will be subject to the review of such counsel, (ii) fairly consider such reasonable changes in any such documents prior to
          or after the filing thereof as the counsel to the sellers of Registrable Securities being sold may request, and (iii) make such of the representatives of the Company as shall be reasonably requested by the sellers of the Registrable Securities
          being sold available for discussion of such documents;

      

      

      (c)          furnish to each seller of such Registrable Securities such number of copies of such registration statement and of each amendment and
          supplement thereto (in each case including all exhibits filed therewith, including any documents incorporated by reference), such number of copies of the prospectus included in such registration statement (including each preliminary prospectus,
          summary prospectus and final prospectus), in conformity with the requirements of the Securities Act, and such other documents as such seller may reasonably request in order to facilitate the disposition of the Registrable Securities by such
          seller;

      

      

      (d)          use its reasonable best efforts to register or qualify such Registrable Securities covered by such registration in such jurisdictions as
          each seller shall reasonably request, and do any and all other acts and things which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the Registrable Securities owned by such
          seller;

      

      

      (e)          use its reasonable best efforts to cause such 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;

      

      

      (f)          promptly notify each seller of any such Registrable Securities covered by such registration statement, at any time when a prospectus
          relating thereto is required to be delivered under the Securities Act, of the Company’s becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to
          state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing, and at the request of any such seller, promptly prepare and furnish to such seller a
          reasonable number of copies of an amended or supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall not include an untrue statement of a material fact
          or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing;

      

      

      (g)          otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the SEC, and make available to its
          Security holders, as soon as reasonably practicable (but not more than eighteen (18) months) after the effective date of the registration statement, an earnings statement covering the period of at least twelve (12) months beginning with the first
          day of the Company’s first full calendar quarter after the effective day of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder;

      

      

      
        10

        
          

      

      

      

      (h)          (i) use its reasonable best efforts to list all Registrable Securities on each securities exchange on which other Securities of the
          Company are then listed if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange and, if not so listed, list all Registrable Securities on a securities exchange and, without
          limiting the generality of the foregoing, arrange for at least two market makers to register as such with respect to such Registrable Securities with FINRA; and (ii) use its reasonable best efforts to provide a transfer agent and registrar for
          such Registrable Securities covered by such registration statement not later than the effective date of such registration statement;

      

      

      (i)          enter into and perform such customary agreements (including an underwriting agreement in customary form), which may include
          indemnification provisions in favor of underwriters and other Persons in addition to, or in substitution for the indemnification provisions hereof, and take such other actions as the Holders of a majority of such Registrable Securities or the
          underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (including, without limitation, effecting a stock split, combination of shares, recapitalization or reorganization);

      

      

      (j)          take all reasonable actions to ensure that any free writing prospectus utilized in connection with any offer and sale of Registrable
          Securities hereunder complies in all material respects with the Securities Act, is filed in accordance with the Securities Act to the extent required thereby, is retained in accordance with the Securities Act to the extent required thereby and,
          when taken together with the related prospectus, shall not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not
          misleading;

      

      

      (k)          if requested by the managing underwriter(s) of an underwritten offering or if reasonably requested by the seller or sellers of a majority
          of such Registrable Securities, use reasonable best efforts to obtain a “comfort” letter or letters from the Company’s independent public accountants in customary form and covering matters of the type customarily covered by “comfort” letters as
          the managing underwriter(s) or seller or sellers of a majority of such Registrable Securities shall reasonably request;

      

      

      (l)          make available for inspection by any seller of such Registrable Securities covered by such registration statement, by any underwriter
          participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter, at reasonable times and in a reasonable manner, all
          pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees to supply all information reasonably requested by any such seller, underwriter,
          attorney, accountant or agent in connection with such registration statement;

      

      

      (m)          notify counsel for the Holders of Registrable Securities included in such registration statement and the managing underwriter or agent,
          immediately, and confirm the notice in writing: (i) when the registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment to any
          prospectus shall have been filed; (ii) of the receipt of any comments from the SEC; (iii) of any request of the SEC to amend the registration statement or amend or supplement the prospectus or for additional information; and (iv) of the issuance
          by the SEC of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any prospectus, or of the suspension of the qualification of the registration statement for offering or
          sale in any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes;

      

      

      (n)          if the Company files an automatic shelf registration statement covering any Registrable Securities, use its reasonable best efforts to
          remain a WKSI (and not become an ineligible issuer (as defined in Rule 405 under the Securities Act)) during the period during which such automatic shelf registration statement is required to remain effective;

      

      

      
        11

        
          

      

      

      

      (o)          if the Company files any automatic shelf registration statement for the benefit of the holders of any of its securities other than the
          Holders of Registrable Securities, and the Holders of Registrable Securities do not request that their Registrable Securities be included in such shelf registration statement, the Company agrees that, at the request of the Holders of a majority
          of the Registrable Securities, the Company shall include in such automatic shelf registration statement such disclosures as may be required by Rule 430B of the Securities Act in order to ensure that the Holders of Registrable Securities may be
          added to such shelf registration statement at a later time through the filing of a prospectus supplement rather than a post-effective amendment;

      

      

      (p)          provide each Holder of Registrable Securities included in such registration statement reasonable opportunity to comment on the
          registration statement, any post-effective amendments to the registration statement, any supplement to the prospectus or any amendment to any prospectus;

      

      

      (q)          make every reasonable effort to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of
          any order preventing or suspending the use of any related prospectus and, if any such order is issued, to obtain the withdrawal of any such order promptly;

      

      

      (r)          if requested by the managing underwriter or agent or any Holder of Registrable Securities covered by the registration statement, promptly
          incorporate in a prospectus supplement or post‐effective amendment such information as the managing underwriter or agent or such Holder reasonably requests to be included therein, including, with respect to the number of Registrable Securities
          being sold by such Holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such
          offering; and make all required filings of such prospectus supplement or post‐effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post--effective amendment;

      

      

      (s)          cooperate with the Holders of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any,
          to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing Securities to be sold under the registration statement, and enable such Securities to be in such denominations and registered in
          such names as the managing underwriter or agent, if any, or the Holders may request;

      

      

      (t)          use its reasonable best efforts to make available the executive officers of the Company to participate with the Holders of Registrable
          Securities and any underwriters in any “road shows” or other selling efforts that may be reasonably requested by the Holders in connection with distribution of Registrable Securities;

      

      

      (u)          in the case of an offering that includes a provider of advisory services, enter into and perform its obligations under customary
          agreements (including an advisory services agreement and an indemnification agreement in customary form);

      

      

      (v)          obtain for delivery to the underwriter, any Holder or agent an opinion or opinions and “negative assurance” letters from counsel for the
          Company in customary form and in form, substance and scope reasonably satisfactory to such Holders, underwriters or agents and their counsel;

      

      

      (w)          if the Company does not pay the filing fee covering the Registrable Securities at the time a registration statement is filed, pay such fee
          at such time or times as the Registrable Securities are to be sold; and

      

      

      (x)          cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable
          Securities and their respective counsel in connection with any filings required to be made with FINRA.

      

      

      In addition, if a Holder seeks to effectuate an in-kind distribution of all or part of its Registrable Securities to its direct or indirect equityholders, the Company shall, subject to any applicable lock-ups, work
        with the foregoing persons to facilitate such in-kind distribution in the manner reasonably requested.

      

      

      
        12

        
          

      

      

      

      SECTION 2.4          Other Registration-Related Matters.

      

      

      (a)          The Company may require any Person that is Transferring Securities in a Public Offering pursuant to Section 2.1 or Section 2.2 to furnish
          to the Company in writing such reasonable information regarding such Person and pertinent to the disclosure requirements relating to the registration and the distribution of the Registrable Securities which are included in such Public Offering as
          the Company may from time to time reasonably request in writing.

      

      

      (b)          Each Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section
          2.3(f), it will forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until its receipt of the copies of the amended or supplemented prospectus contemplated by
          Section 2.3(f) or until it is advised in writing (the “Advice”) by the Company that the use of the prospectus may be resumed and, if so directed by the Company, each Holder will deliver to the Company or destroy (at the Company’s expense)
          all copies, other than permanent file copies then in its possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice.  In the event the Company gives any such notice, the period for which the
          Company will be required to keep the registration statement effective will be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 2.3(f) to and including the date when each
          seller of Registrable Securities covered by such registration statement has received the copies of the supplemented or amended prospectus contemplated by Section 2.3(f) or the Advice.  The Company shall use its reasonable best efforts and take
          such actions as are necessary to render the Advice promptly.

      

      

      (c)          Each Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section
          2.3(m)(iv), it will forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until the lifting of such stop order, other order or suspension or the termination of such
          proceedings and, if so directed by the Company, each Holder will deliver to the Company or destroy (at the Company’s expense) all copies, other than permanent file copies then in its possession, of the prospectus covering such Registrable
          Securities current at the time of receipt of such notice.  In the event the Company gives any such notice, the period for which the Company will be required to keep the registration statement effective will be extended by the number of days
          during the period from and including the date of the giving of such notice pursuant to Section 2.3(m)(iv) to and including the date when such stop order, other order or suspension is lifted or such proceedings are terminated.

      

      

      (d)          (i)  Each Holder (x) hereby agrees, with respect to the Registrable Securities owned by such Holder, to be bound by any and all
          restrictions on the sale, disposition, distribution, hedging or other Transfer of any interest in Registrable Securities imposed on Stone Point and/or its Affiliates in connection with the IPO by the underwriters managing such offering for the
          duration of the term of such restriction (the period in which such sale, disposition, distribution, hedging or other Transfer of any interest is restricted, the “Lockup Period”) and (y) will, in connection with a Public Offering of the
          Company’s equity Securities (whether for the Company’s account or for the account of any Holder or Holders, or both), upon the request of the Company or of the underwriters managing any underwritten offering of the Company’s Securities, agree in
          writing not to effect any sale, disposition or distribution of Registrable Securities (other than those included in the Public Offering) without the prior written consent of the managing underwriter for such period of time commencing seven (7)
          days before and ending one hundred eighty (180) days (or such earlier date as the managing underwriter shall agree) after (x) the date of the final prospectus relating to such offering or (y) in the case of a Public Offering pursuant to Section
          2.2(f), the pricing of such Public Offering; provided that the Company shall cause all directors and executive officers of the Company and all other Persons with registration rights with respect to the Company’s Securities (whether or not
          pursuant to this Agreement) to enter into agreements similar to those contained in this Section 2.4(d)(i) (without regard to this proviso), subject to exceptions for gifts, sales pursuant to pre-existing Rule 10b5-1 plans and other customary
          exclusions agreed to by such managing underwriter; and (ii) the Company and its Subsidiaries will, in connection with an underwritten Public Offering of the Company’s Securities in respect of which Registrable Securities are included, upon the
          request of the underwriters managing such offering, agree in writing not to effect any sale, disposition or distribution of equity Securities of the Company (other than those included in such Public Offering, offered on Form S-8, issuable upon
          conversion of Securities or upon the exercise of options, or the grant of options in the ordinary course of business pursuant to then-existing management equity plans or equity-based employee benefit plans, in each case outstanding on the date a
          notice is given by the Company pursuant to Section 2.1(a) or a request is made pursuant to Section 2.2(a), as the case may be), without the prior written consent of the managing underwriter, for such period of time commencing seven (7) days
          before and ending one hundred eighty (180) days (or such earlier date as the managing underwriter shall agree) after (x) the effective date of such registration or (y) in the case of a Public Offering pursuant to Section 2.2(f), the pricing of
          such Public Offering.

      

      

      
        13

        
          

      

      

      

      (e)          With a view to making available the benefits of certain rules and regulations of the SEC which may at any time permit the sale of
          Securities of the Company to the public without registration after such time as a public market exists for Registrable Securities, the Company agrees:

      

      

      (i)          to make and keep public information available, as those terms are understood and defined in Rule 144 under the
          Securities Act, at all times after the effective date of the first registration under the Securities Act filed by the Company for an offering of its Securities to the public;

      

      

      (ii)          to 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 (at any time after it has become subject to such reporting requirements); provided that if the Company ceases to be so required to file such reports, the Company covenants that it will upon the request of any
          Holder of Registrable Securities (a) make publicly available such information as is necessary to permit sales pursuant to Rule 144 under the Securities Act, (b) deliver such information to a prospective purchaser as is necessary to permit sales
          pursuant to Rule 144A under the Securities Act and it will take such further action as any Holder of Registrable Securities may reasonably request, and (c) take such further action that is reasonable in the circumstances, in each case, to the
          extent required, from time to time, to enable such Holder to sell its Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (i) Rule 144 under the Securities Act, as such Rule may
          be amended from time to time, (ii) Rule 144A under the Securities Act, as such rule may be amended from time to time, or (iii) any similar rules or regulations hereafter adopted by the SEC; and

      

      

      (iii)          so long as a Holder owns any Registrable Securities, to furnish to such Holder promptly upon request: (A) a written
          statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any time after ninety (90) days after the effective date of the first registration statement filed by the Company for an offering of its Securities to
          the public), and of the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements); (B) a copy of the most recent annual and quarterly report of the Company; and (C) such other reports, documents
          or stockholder communications of the Company as such Holder may reasonably request in availing itself of any rule or regulation of the SEC allowing such Holder to sell any such Securities without registration.

      

      

      (f)          Counsel to represent Holders of Registrable Securities shall be selected by the Holders of at least a majority of the Registrable
          Securities included in the relevant registration.

      

      

      (g)          The Company shall cooperate with the Holders in any sale and or transfer of Registrable Securities, to the extent permitted by applicable
          law, including by means not involving a registration statement.

      

      

      (h)          Each of the parties hereto agrees that the registration rights provided to the Holders herein are not intended to, and shall not be deemed
          to, override or limit any other restrictions on Transfer to which any such Holder may otherwise be subject.

      

      

      
        14

        
          

      

      

      

      ARTICLE III

      

      

      INDEMNIFICATION

      

      

      SECTION 3.1          Indemnification by the Company.  In the event of any registration of any Securities of
          the Company under the Securities Act pursuant to Section 2.1 or 2.2, the Company hereby indemnifies and agrees to hold harmless, to the fullest extent permitted by Law, each Holder that sells Registrable Securities covered by such registration
          statement, each Affiliate of such Holder and their respective members, directors, managers, officers, employees, partners, agents, representatives and equityholders (and the members, directors, managers, officers, employees, partners, agents,
          representatives, Affiliates and Controlling Persons of any of the foregoing), each other Person that participates as an underwriter in the offering or sale of such Securities and each other Person, if any, that Controls such Holder or any such
          underwriter within the meaning of the Securities Act (each, an “Indemnified Party” and collectively, the “Indemnified Parties”), against any and all losses, claims, damages or liabilities, joint or several, and reasonable and documented expenses
          to which such Indemnified Party may become subject under the Securities Act, common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof, whether or not such Indemnified Party is a
          party thereto) arise out of or are based upon: (a) 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, final or summary prospectus contained therein, any “written communication” (as defined in Rule 405 under the Securities Act) that constitutes an offer to sell or solicitation of an offer to buy the shares of Common Stock (each such
          communication by the Company or its agents and representatives (other than any document not constituting a prospectus pursuant to Section 2(a)(10)(a) of the Securities Act or Rule 134 under the Securities Act) an “Issuer Free Writing Prospectus”)
          or any “issuer information” filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or any amendment or supplement thereto, or any document incorporated by reference therein, or any other such disclosure document
          (including reports and other documents filed under the Exchange Act and any document incorporated by reference therein) or related document or report; (b) 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, in the case of a prospectus, in the light of the circumstances when they were made; or (c) any violation or alleged violation by the Company or any of its Subsidiaries of any
          federal, state, foreign or common law rule or regulation applicable to the Company or any of its Subsidiaries and relating to action or inaction in connection with any such registration, disclosure document or related document or report, and the
          Company will reimburse such Indemnified Party for any legal or other expenses reasonably incurred by it in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided that the Company will not be
          liable to any Indemnified Party 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 any untrue statement or alleged untrue statement or
          omission or alleged omission made in such registration statement, in any such preliminary, final or summary prospectus, or any amendment or supplement thereto in reliance upon and in conformity with written information with respect to such
          Indemnified Party furnished to the Company by such Indemnified Party expressly for use in the preparation thereof.  Such indemnity will remain in full force and effect regardless of any investigation made by or on behalf of such Holder or any
          Indemnified Party and will survive the Transfer of such Securities by such Holder or any termination of this Agreement.

      

      

      SECTION 3.2          Indemnification by the Holders and Underwriters.  The Company may require, as a
          condition to including any Registrable Securities in any registration statement filed in accordance with Section 2.1 or 2.2, that the Company shall have received an undertaking reasonably satisfactory to it from the Holder of such Registrable
          Securities or any prospective underwriter to indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 3.1) the Company, all other Holders or any prospective underwriter, as the case may be, and any of their
          respective Affiliates, directors, officers and Controlling Persons, with respect to any untrue statement in or omission from such registration statement, any preliminary, final or summary prospectus contained therein, any Issuer Free Writing
          Prospectus or any “issuer information” filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or any amendment or supplement, if such untrue statement or omission was made in reliance upon and in conformity with written
          information with respect to such Holder or underwriter furnished to the Company by such Holder or underwriter expressly for use in the preparation of such registration statement, preliminary, final or summary prospectus or amendment or
          supplement, or a document incorporated by reference into any of the foregoing.  Such indemnity will remain in full force and effect regardless of any investigation made by or on behalf of the Company or any of the Holders, or any of their
          respective Affiliates, directors, officers or Controlling Persons and will survive the Transfer of such Securities by such Holder.  In no event shall the liability of any selling Holder of Registrable Securities hereunder be greater in amount
          than the dollar amount of the proceeds actually received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation.

      

      

      
        15

        
          

      

      

      

      SECTION 3.3          Notices of Claims, Etc.  Promptly after receipt by an Indemnified Party hereunder of
          written notice of the commencement of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Article III, 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 the Indemnified Party to give notice as provided herein will not relieve the indemnifying party of its obligations under
          Section 3.1 or 3.2, 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 will 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 selected by the Holders of at least a majority of the Registrable Securities included in the relevant registration, and after notice from the indemnifying party to such Indemnified
          Party of its election so to assume the defense thereof, the indemnifying party will 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.  If, in such Indemnified Party’s reasonable judgment, having common counsel would result in a conflict of interest between the interests of such indemnified and indemnifying parties, then such Indemnified Party
          may employ separate counsel reasonably acceptable to the indemnifying party to represent or defend such Indemnified Party in such action, it being understood, however, that the indemnifying party will not be liable for the reasonable fees and
          expenses of more than one separate firm of attorneys at any time for all such Indemnified Parties (and not more than one separate firm of local counsel at any time for all such Indemnified Parties) in such action.  No indemnifying party will
          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 of such claim or
          litigation.

      

      

      SECTION 3.4          Contribution.  If the indemnification provided for hereunder from the indemnifying
          party is unavailable to an Indemnified Party hereunder in respect of any losses, claims, damages, liabilities or expenses referred to herein for reasons other than those described in the proviso in the first sentence of Section 3.1, then the
          indemnifying party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate
          to reflect the relative fault of the indemnifying party and Indemnified Parties in connection with the actions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations.  The
          relative fault of such indemnifying party and Indemnified Parties shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged
          omission to state a material fact, has been made by, or relates to information supplied by, such indemnifying party or Indemnified Parties, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
          such action.  The amount paid or payable by a party under this Section 3.4 as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred
          by such party in connection with any investigation or proceeding.  In no event shall the liability of any selling Holder of Registrable Securities hereunder be greater in amount than the dollar amount of the proceeds actually received by such
          Holder upon the sale of the Registrable Securities giving rise to such contribution obligation.  Any obligation of Holders to contribute pursuant to this Section 3.4 shall be several in the same proportion that the dollar amount of the proceeds
          actually received by each such Holder bears to the total dollar amount of the proceeds received by all Holders and not joint.

      

      

      The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 3.4 were determined by pro rata allocation or by any other method of
        allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph.  No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
        entitled to contribution from any Person that was not guilty of such fraudulent misrepresentation.

      

      

      
        16

        
          

      

      

      

      SECTION 3.5          Other Indemnification.  Indemnification similar to that specified in this Article III
          (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 Law or with any Governmental Authority other than as
          required by the Securities Act.

      

      

      SECTION 3.6          Non-Exclusivity.  The obligations of the parties under this Article III will be in
          addition to any liability which any party may otherwise have to any other party.

      

      

      ARTICLE IV

      

      

      OTHER

      

      

      SECTION 4.1          Notices.  Any notice, request, instruction or other document to be given hereunder by
          any party hereto to another party hereto shall be in writing and shall be deemed given (a) when delivered personally, (b) five (5) Business Days after being sent by certified or registered mail, postage prepaid, return receipt requested, (c) one
          (1) Business Day after being sent by Federal Express or other nationally recognized overnight courier, or (d) immediately if transmitted by facsimile or sent by electronic mail transmission if sent during normal business hours of the recipient;
          but if not, then on the next Business Day (or at such other address for a party as shall be specified by prior written notice from such party):

      

      

      if to the Company:

      

      

      Home Point Capital Inc.

      2211 Old Earhart Road, Suite 250

      Ann Arbor, Michigan 48105

      Attention: Corporate Secretary

      

      

      if to Stone Point:

      

      

      Trident VI, L.P.

      Trident VI Parallel Fund, L.P.

      Trident VI DE Parallel Fund, L.P.

      Trident VI Professionals Fund, L.P.

      c/o Stone Point Capital LLC

      20 Horseneck Lane

      Greenwich, Connecticut 06830

      Attention: Stephen Levey

      

      

      SECTION 4.2          Assignment.  The Company shall not assign all or any part of this Agreement without
          the prior written consent of Stone Point.  Any Holder may assign its rights and obligations under this Agreement in whole or in part in connection with a Transfer of its Registrable Securities; provided that (x) any such assignee or Transferee,
          to the extent not already a party hereto, shall sign a joinder to this Agreement and (y) if such assignee or Transferee is not an Affiliate of such Holder, then without the consent of the Company, no rights may be assigned by any Holder to any
          Person acquiring less than $25.0 million in Registrable Securities (determined in good faith by the Holder) or all of the Registrable Securities then held by the Holder.  Except as otherwise provided herein, this Agreement will inure to the
          benefit of and be binding on the parties hereto and their respective successors and permitted assigns.  If the Common Stock shall be exchanged for or replaced by Securities of another Person, the Company shall use reasonable best efforts to cause
          such Person to expressly assume all of the Company’s obligations hereunder, to the extent applicable.

      

      

      SECTION 4.3          Amendments; Waiver.  This Agreement may be amended, supplemented or otherwise modified
          only by a written instrument executed by the Company and the Holders holding a majority of the Registrable Securities subject to this Agreement; provided that no such amendment, supplement or other modification shall adversely affect the economic
          interests of any Holder hereunder disproportionately to other Holders without the written consent of such Holder.  No waiver by any party of any of the provisions hereof will be effective unless explicitly set forth in writing and executed by the
          party so waiving.  Except as provided in the preceding sentence, no action taken pursuant to this Agreement, including, without limitation, any investigation by or on behalf of any party, will be deemed to constitute a waiver by the party taking
          such action of compliance with any covenants or agreements contained herein.  The waiver by any party hereto of a breach of any provision of this Agreement will not operate or be construed as a waiver of any subsequent breach.

      

      

      
        17

        
          

      

      

      

      SECTION 4.4          Third Parties.  This Agreement does not create any rights, claims or benefits inuring
          to any person that is not a party hereto nor create or establish any third party beneficiary hereto.

      

      

      SECTION 4.5          Governing Law.  This Agreement shall be governed by, and construed and enforced in
          accordance with, the laws of the State of New York.

      

      

      SECTION 4.6          CONSENT TO JURISDICTION. EACH OF THE PARTIES HERETO CONSENTS TO THE EXCLUSIVE
          JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE STATE OF NEW YORK AND IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS RELATING TO THIS AGREEMENT SHALL BE LITIGATED IN SUCH COURTS.  EACH OF THE PARTIES HERETO ACCEPTS FOR ITSELF
          AND IN CONNECTION WITH ITS RESPECTIVE PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY FINAL AND NONAPPEALABLE
          JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS AGREEMENT.  EACH OF THE PARTIES HERETO FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES
          THEREOF VIA OVERNIGHT COURIER, TO SUCH PARTY AT THE ADDRESS SPECIFIED IN THIS AGREEMENT, SUCH SERVICE TO BECOME EFFECTIVE FOURTEEN CALENDAR DAYS AFTER SUCH MAILING.  NOTHING HEREIN SHALL IN ANY WAY BE DEEMED TO LIMIT THE ABILITY OF EITHER PARTY
          HERETO TO SERVE ANY SUCH LEGAL PROCESS, SUMMONS, NOTICES AND DOCUMENTS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW OR TO OBTAIN JURISDICTION OVER OR TO BRING ACTIONS, SUITS OR PROCEEDINGS AGAINST THE OTHER PARTY HERETO IN SUCH OTHER
          JURISDICTIONS, AND IN SUCH MANNER, AS MAY BE PERMITTED BY ANY APPLICABLE LAW.

      

      

      SECTION 4.7          MUTUAL WAIVER OF JURY TRIAL.  THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN
          ANY ACTION, SUIT OR PROCEEDING BROUGHT TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER THIS AGREEMENT.

      

      

      SECTION 4.8          Specific Performance.  Each of the parties hereto acknowledges and agrees that in the
          event of any breach of this Agreement by any of them, the non-breaching party would be irreparably harmed and could not be made whole by monetary damages.  Each party accordingly agrees to waive the defense in any action for specific performance
          that a remedy at law would be adequate and that the parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance of this Agreement.

      

      

      SECTION 4.9          Entire Agreement.  This Agreement sets forth the entire understanding of the parties
          hereto with respect to the subject matter hereof.  There are no agreements, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those expressly set forth herein.  This Agreement supersedes
          all other prior agreements and understandings between the parties with respect to such subject matter.

      

      

      SECTION 4.10          Severability.  If one or more of the provisions, paragraphs, words, clauses, phrases
          or sentences contained herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision, paragraph, word, clause,
          phrase or sentence in every other respect and of the remaining provisions, paragraphs, words, clauses, phrases or sentences hereof shall not be in any way impaired, it being intended that all rights, powers and privileges of the parties hereto
          shall be enforceable to the fullest extent permitted by Law.

      

      

      
        18

        
          

      

      

      

      SECTION 4.11          Counterparts.  This Agreement may be executed in any number of counterparts, each of
          which will be deemed to be an original and all of which together will be deemed to be one and the same instrument.  The words “execution,” “signed,” “signature,”
          “delivery,” and words of like import in or relating to this Agreement or any document to be signed in connection with this Agreement shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each
          of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the
          transactions contemplated hereunder by electronic means.  Counterparts may be delivered via facsimile, electronic mail (including any electronic signature covered by the Electronic Signatures in Global and National Commerce Act of 2000, Uniform
          Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law (e.g., www.docusign.com)) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be
          legally valid, effective and enforceable for all purposes.

      

      

      SECTION 4.12          Effectiveness.  This Agreement shall become effective, as to any Holder, as of the
          date signed by the Company and countersigned by such Holder.

      

      

      SECTION 4.13          Confidentiality. Each Holder agrees that all material non-public information provided
          pursuant to or in accordance with the terms of this Agreement shall be kept confidential by the person to whom such information is provided, until such time as such information becomes public other than through violation of this provision. 
          Notwithstanding the foregoing, any party may disclose the information if required to do so by any law, rule, regulation, order, decree or subpoena of any governmental agency or authority or court.

      

      

      SECTION 4.14          No Recourse. This Agreement may only be enforced against, and any claims or cause of
          action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, the transactions contemplated hereby or the subject matter hereof may only be made against the parties hereto
          and no past, present or future Affiliate, director, officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any party hereto or any past, present or future Affiliate, director, officer,
          employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability for any obligations or liabilities of the parties to this Agreement
          or for any claim based on, in respect of, or by reason of, the transactions contemplated hereby.  Without limiting the rights of any party against the other parties hereto, in no event shall any party or any of its Affiliates seek to enforce this
          Agreement against, make any claims for breach of this Agreement against, or seek to recover monetary damages from, any Non-Recourse Party.

      

      

      

      

      SECTION 4.15          Independent Nature of the Rights and Obligations of Holders.  The rights and
          obligations of each Holder hereunder are several and not joint with the obligations of any Holder, and no Holder shall be responsible in any way for the performance of the obligations of any other Holder hereunder.  The decision of each Holder to
          enter into this Agreement has been made by such Holder independently of any Holder.  Nothing contained herein, and no action taken by any Holder pursuant hereto, shall be deemed to constitute the Holders as a partnership, an association, a joint
          venture or any other kind of entity, or create a presumption that the Holders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated hereby and the Company acknowledges that the Holders
          are not acting in concert or as a group, and the Company will not assert any such claim, with respect to such obligations or the transactions contemplated hereby.

      

      

      SECTION 4.16          Termination as to a Holder.  Any Person that ceases to hold any Registrable
          Securities shall cease to be a Holder and shall have no further rights or obligations under this Agreement (except with respect to any indemnification or contribution rights or obligations under Article III, which shall survive).

      

      

      [Remainder of Page Intentionally Left Blank]

      

      

      
        19

        
          

      

      

      

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

      

      

      	 	
              COMPANY:

            
	 	 	 
	 	
              HOME POINT CAPITAL INC.

            
	 	 	 
	 	
              By:

            	
              /s/ William A. Newman

            
	 	 	
              Name: William A. Newman

            
	 	 	
              Title: President and Chief Executive Officer

            

       

      

       

      

      [Signature Page to Registration Rights Agreement]

      

      
        
          

      

      

      

      	 	
              STONE POINT:

            
	 	 	 
	 	
              TRIDENT VI, L.P.

            
	 	 	 
	 	
              By: Trident Capital VI, L.P., its general partner

            
	 	 	 
	 	
              By: DW Trident VI, LLC, its general partner

            
	 	 	 
	 	
              By:

            	
              /s/ David Wermuth

            
	 	 	
              Name: David Wermuth

            
	 	 	
              Title: Member

            
	 	 	 
	 	
              TRIDENT VI PARALLEL FUND, L.P.

            
	 	 	 
	 	
              By: Trident Capital VI, L.P., its general partner

            
	 	 	 
	 	
              By: DW Trident VI, LLC, its general partner

            
	 	 	 
	 	
              By:

            	
              /s/ David Wermuth

            
	 	 	
              Name: David Wermuth

            
	 	 	
              Title: Member

            
	 	 	 
	 	
              TRIDENT VI DE PARALLEL FUND, L.P.

            
	 	 	 
	 	
              By: Trident Capital VI, L.P., its general partner

            
	 	 	 
	 	
              By: DW Trident VI, LLC, its general partner

            
	 	 	 
	 	
              By:

            	
              /s/ David Wermuth

            
	 	 	
              Name: David Wermuth

            
	 	 	
              Title: Member

            
	 	 	 
	 	
              TRIDENT VI PROFESSIONALS FUND, L.P.

            
	 	 	 
	 	
              By: Stone Point GP Ltd., its general partner

            
	 	 	 
	 	
              By:

            	
              /s/ David Wermuth

            
	 	 	
              Name: David Wermuth

            
	 	 	
              Title: Secretary

            

      

      

      

      

      [Signature Page to Registration Rights Agreement]

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