Document:

Exhibit 10.11

 

 

STOCKHOLDERS AGREEMENT

 

dated as of 

 

, 2016 

 

between

 

OTG EXP, INC.

 

and

 

ERIC J. BLATSTEIN

 

and

 

THE OTHER PARTIES SET FORTH ON THE
SIGNATURE PAGES HERETO

 

 

    	 

    	 

    

TABLE
OF CONTENTS

 

Page

 

	Article I DEFINITIONS	1
	Section 1.1   Definitions	1
	Section 1.2   Gender	4
	Article II APPROVAL OF CERTAIN MATTERS	4
	Section 2.1   Approval of Blatstein	4
	Article III TRANSFER	5
	Section 3.1   Transfers and Joinders	5
	Section 3.2   Binding Effect on Transferees	5
	Article IV BLATSTEIN BOARD REPRESENTATION	6
	Section 4.1   Nominees	6
	Section 4.2   Committees	6
	Article V TERMINATION	7
	Section 5.1   Term	7
	Section 5.2   Survival	7
	Article VI REPRESENTATIONS AND WARRANTIES	7
	Section 6.1   Representations and Warranties of Stockholders	7
	Section 6.2   Representations and Warranties of the Company	7
	Article VII MISCELLANEOUS	8
	Section 7.1   Notices	8
	Section 7.2   Interpretation	8
	Section 7.3   Severability	8
	Section 7.4   Counterparts	9

 

    	i

    	 

    

	Section 7.5   Adjustments Upon Change of Capitalization	9
	Section 7.6   Entire Agreement; No Third Party Beneficiaries	9
	Section 7.7   Further Assurances	9
	Section 7.8   Governing Law; Equitable Remedies	9
	Section 7.9   Consent to Jurisdiction	10
	Section 7.10   Amendments; Waivers	10
	Section 7.11   Successors and Assigns	11
	Section 7.12   Actions in Other Capacities	11

    	ii

    	 

    

STOCKHOLDERS AGREEMENT

 

STOCKHOLDERS AGREEMENT (the “Agreement”),
dated as of                 , 2016, between OTG EXP, Inc., a Delaware corporation (the “Company”), Eric J. Blatstein (“Blatstein”),
OTG Management, Inc., a Pennsylvania corporation (“Management”), and OTG Consolidated Holdings, Inc., a Pennsylvania
corporation (“Holdings” and, together with Blatstein, Management and all other Persons who become party hereto
in accordance with this Agreement, the “Stockholders”).

 

WHEREAS, in connection with the IPO (as
defined herein), the Company intends to consummate the transactions described in the Registration Statement on Form S-1 (Registration
No. 333-208904) (the “IPO Registration Statement”); and

 

WHEREAS, the Stockholders and the Company
desire to address herein certain relationships among themselves, including with respect to the LLC (as defined herein).

 

NOW, THEREFORE, in consideration of the
mutual covenants and undertakings contained herein and for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree as follows:

 

Article
I

DEFINITIONS

 

Section
1.1            Definitions.
As used in this Agreement, the following terms shall have the following meanings:

 

An “AFFILIATE” of any
Person means any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is
under common Control with, such first Person.

 

“BENEFICIAL OWNERSHIP”
has the same meaning given to it in Section 13(d) under the Exchange Act and the rules thereunder, except that a person will be
deemed to have “beneficial ownership” of all securities that person has the right to acquire, whether the right is
exercisable immediately, only after the passage of time or only after the satisfaction of conditions and notwithstanding any right
to pay cash in lieu of such securities.

 

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

 

“BY-LAWS” means the by-laws
of the Company, as may be amended and/or restated from time to time.

 

“CERTIFICATE OF INCORPORATION”
means the certificate of incorporation of the Company, as may be amended and/or restated from time to time.

 

“CLASS A SHARES” means
shares of the Class A Common Stock of the Company and any equity securities issued or issuable in exchange for or with respect
to such Class A Shares by way of a dividend, split or combination of shares or in connection with a reclassification, recapitalization,
merger, consolidation or other reorganization.

 

    	1

    	 

    

“CLASS B SHARES” means
shares of the Class B Common Stock of the Company and any equity securities issued or issuable in exchange for or with respect
to such Class B Shares by way of a dividend, split or combination of shares or in connection with a reclassification, recapitalization,
merger, consolidation or other reorganization.

 

“COMPANY PLAN” means
each material (i) “employee benefit plan” (within the meaning of section 3(3) of the Employee Retirement Income Security
Act of 1974, as amended (“ERISA”)), (ii) “multiemployer plans” (within the meaning of ERISA section
3(37)), and (iii) stock purchase, stock option, phantom stock or other equity-based plan, severance, employment, change-in-control,
fringe benefit, bonus, incentive, deferred compensation and all other employee benefit and compensation plans, agreements, programs,
policies or other arrangements, whether or not subject to ERISA (including any funding mechanism therefor now in effect or required
in the future as a result of the transactions contemplated by this Agreement or otherwise), under which any current or former employee,
director or consultant of the Company or its Subsidiaries or Controlled Affiliates (or any of their dependents) has any present
or future right to compensation or benefits or the Company or its Subsidiaries or Controlled Affiliates has any present or future
liability.

 

“CONTRACT”
means any legally binding bond, debenture, note, mortgage, indenture, guarantee, license, lease, purchase or sale order or other
contract, commitment, agreement, instrument, obligation, arrangement, understanding, undertaking, permit, concession or franchise,
in each case, whether contingent or otherwise and including all amendments thereto.

 

“CONTROL” means the possession,
direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership
of company securities, by contract or otherwise.

 

A “CONTROLLED AFFILIATE”
of any Person means any Affiliate that directly or indirectly, through one or more intermediaries, is Controlled by such Person.

 

“EXCHANGE ACT” means
the Securities Exchange Act of 1934, as amended, supplemented or restated from time to time and any successor to such statute,
and the rules and regulations promulgated thereunder.

 

“EXCHANGE AGREEMENT”
means the Exchange Agreement, dated , 2016 by and among the Company, Management, Holdings and the other parties thereto.

 

“GOVERNMENTAL ENTITY”
means any court, administrative agency, regulatory body, commission or other governmental authority, board, bureau or instrumentality,
domestic or foreign and any subdivision thereof.

 

“IPO” means the initial
public offering of Class A Shares pursuant to an effective Registration Statement under the Securities Act.

 

“LLC” means OTG Management,
LLC, a Delaware limited liability company.

 

    	2

    	 

    

“LLC AGREEMENT” means
the Amended and Restated Limited Liability Company Agreement of the LLC,            dated as of , 2016, as may be amended and/or restated
from time to time.

 

“LLC UNIT” means a common
unit in the LLC and any equity securities issued or issuable (including Class A Shares) in exchange for or with respect to such
LLC Unit (x) by way of a dividend, split or combination of shares, (y) in connection with a reclassification, recapitalization,
merger, consolidation or other reorganization or (z) otherwise.

 

“PERMITTED
TRANSFEREE” means, with respect to a Stockholder (i) the spouse of such Stockholder, (ii) any trust, or family
partnership or family limited liability company, the sole beneficiary of which is such Stockholder, the spouse of, or any Person
related by blood or adoption to, such Stockholder, (iii) an Affiliate of such Stockholder, (iv) in the context of a distribution
by such Stockholder to its direct or indirect equity owners substantially in proportion to such ownership, the partners, members
or stockholders of such Stockholder, or the partners, members or stockholders of such partners, members or stockholders and (v) any
Stockholder.

 

“PERSON” means any individual,
corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization, Governmental
Entity or other entity.

 

“SEC” means the United
States Securities and Exchange Commission or any similar agency then having jurisdiction to enforce the Securities Act.

 

“SECURITIES ACT” means
the Securities Act of 1933, as amended, supplemented or restated from time to time and any successor to such statute, and the rules
and regulations promulgated thereunder.

 

“SUBSIDIARY” or “SUBSIDIARIES”
means, with respect to any Person, as of any date of determination, any other Person as to which such Person owns, directly or
indirectly, or otherwise controls, more than 50% of the voting shares or other similar interests or the sole general partner interest
or managing member or similar interest of such Person.

 

“TRANSFER” means, with
respect to any securities, to sell, assign, transfer or otherwise dispose of such securities.

 

The “VOTING CONDITION”
shall be deemed to be satisfied for so long as (i) the Stockholders collectively maintain directly or indirectly ownership of an
aggregate of at least 50% of the voting power of the Company; (ii) Blatstein has not been convicted of a criminal violation
of a material U.S. federal or state securities law that constitutes a felony or a felony involving moral turpitude; and (iii)
Blatstein is not deceased or declared incapacitated.

 

“VOTING SECURITIES” means
Class A Shares, Class B Shares and any other securities of the Company or any Subsidiary of the Company entitled to vote generally
in the election of directors of the Company.

 

    	3

    	 

    

Section
1.2            Gender.
For the purposes of this Agreement, the words “he,” “his” or “himself” shall be interpreted
to include the masculine, feminine and corporate, other entity or trust form.

 

Article
II

APPROVAL OF CERTAIN MATTERS

 

Section
2.1            Approval of Blatstein.

 

(a)         
So long as the Voting Condition is satisfied, the Board shall not authorize, approve or ratify any of the following actions
or any plan with respect thereto without the prior approval (which approval may be in the form of an action by written consent)
of Blatstein:

 

(i)          
any issuance by the Company or any of its Subsidiaries or Controlled Affiliates in any transaction or series of related
transactions of equity or equity-related securities (other than preferred stock, which is addressed by Section 2.1(a)(iii)
below) which would represent, after such issuance, or upon conversion, exchange or exercise, as the case may be, at least ten percent
(10%) of the total number of votes that may be cast in the election of directors of the Company if all issued and outstanding Class
A Shares were present and voted at a meeting held for such purpose (other than (1) upon issuances of securities pursuant to the
Company’s equity incentive plan described in the IPO Registration Statement (as the same may be supplemented, amended or
restated from time to time), (2) upon the exchange of LLC Units for securities pursuant to the Certificate of Incorporation and
the Exchange Agreement, and (3) upon conversion of convertible securities or upon exercise of warrants or options, which convertible
securities, warrants or options are outstanding on the date of this Agreement or issued in compliance with this Agreement);

 

(ii)              
the issuance of any preferred stock;

 

(iii)            
any equity or debt commitment to invest or investment or series of related equity or debt commitments to invest or investments
by the Company or any of its Subsidiaries or Controlled Affiliates in a Person or group of related Persons in an amount greater
than $200 million;

 

(iv)            
any entry by the Company or any of its Subsidiaries or Controlled Affiliates into a new line of business that requires an
investment in excess of $100 million;

 

(v)              
the adoption of a stockholder rights plan by the Company;

 

(vi)            
any removal or appointment of any officer of the Company that is, or would be, subject to Section 16 of the Exchange Act;

 

(vii)          
any amendment to the Certificate of Incorporation or By-Laws;

 

(viii)        
any amendment to the LLC Agreement;

 

    	4

    	 

    

(ix)            
the renaming of the Company;

 

(x)             
the declaration and payment of any dividend or other distribution;

 

(xi)            
the entry into any merger, consolidation, recapitalization, liquidation, or sale of the Company or all or substantially
all of the assets of the Company or consummation of a similar transaction involving the Company (other than a merger, consolidation
or similar transaction solely between or among the Company and one or more direct or indirect wholly-owned subsidiaries of the Company
which transaction would not adversely impact the rights of any Stockholder) or entering into any agreement providing therefor;

 

(xii)       
   voluntarily initiating any liquidation, dissolution or winding up of the Company or permitting the
commencement of a proceeding for bankruptcy, insolvency, receivership or similar action with respect to the Company or any of
its Subsidiaries or Controlled Affiliates; or

 

(xiii)         
the entry into any transaction, or series of similar transactions or Contract (other than a Company Plan unless otherwise
required by any other provision hereof) that would be required to be disclosed under Item 404 of Regulation S-K under the Exchange
Act.

 

Article
III

TRANSFER

 

Section
3.1            Transfers and Joinders.
If a Stockholder effects any Transfer of Equity Interests to a Permitted Transferee or any other Person approved by the Company
in its sole and absolute discretion, such Permitted Transferee may, if not a Stockholder, within five (5) days of such Transfer
execute a joinder to this Agreement, in form and substance reasonably acceptable to the Company, in which such Permitted Transferee
agrees to be a “Stockholder” for all purposes of this Agreement and which provides that such Permitted Transferee shall
be bound by and shall fully comply with the terms of this Agreement.

 

Section
3.2            Binding Effect on Transferees.
Subject to execution of a joinder to this Agreement with five (5) days of the applicable Transfer, in form and substance reasonably
acceptable to the Company, pursuant to Section 3.1, such Permitted Transferee shall become a Stockholder hereunder.

 

    	5

    	 

    

Article
IV

BLATSTEIN BOARD REPRESENTATION

 

Section
4.1            Nominees.

 

(a)         
Until the Voting Condition ceases to be satisfied, the Company and each Stockholder shall take all reasonable actions within
their respective control (including voting or causing to be voted all of the Voting Securities held of record by such Stockholder
or Beneficially Owned by such Stockholder by virtue of having voting power over such Voting Securities, and, with respect to the
Company, as provided in Sections 4.1(c) and (d)) so as to cause to be elected to the Board, and to cause to continue
in office, not more than seven (7) directors (or such other number of directors as Blatstein may agree to in writing), and a number
of directors equal to a majority of the Board shall be individuals designated by Blatstein.

 

(b)        
For so long as the Voting Condition is satisfied, if Blatstein notifies the Stockholders of its desire to remove, with or
without cause, any director previously designated by it, the Stockholders shall vote or cause to be voted all of the shares of
Voting Securities held of record by such Stockholders or Beneficially Owned by such Stockholders by virtue of having voting power
over such Voting Securities and take all other reasonable actions within its control to cause the removal of such director.

 

(c)         
The Company agrees to include in the slate of nominees recommended by the Board those persons designated by Blatstein in
accordance with Section 4.1(a) and to use its reasonable best efforts to cause the election of each such designee to the
Board, including nominating such designees to be elected as directors, in each case subject to applicable law.

 

(d)        
In the event that a vacancy is created at any time by the death, disability, retirement, resignation or removal of any director
who is designated by Blatstein in accordance with Section 4.1(a), the Company agrees to take at any time and from time to
time all actions necessary to cause the vacancy created thereby to be filled as promptly as practicable by a new designee of Blatstein.
In the event that the size of the Board is expanded to more than seven (7) directors, the Company agrees to take at any time and
from time to time all actions necessary to cause the Board to continue to have the number of the designees of Blatstein that corresponds
to the requirements of Section 4.1(a).

 

Section
4.2          Committees.
For so long as this Agreement is in effect, the Company shall take all reasonable actions within its control at any given time
so as to cause to be appointed to any committee of the Board a number of directors designated by Blatstein that is up to the number
of directors that is proportionate (rounding up to the next whole director) to the representation that Blatstein is entitled to
designate to the Board under this Agreement, to the extent such directors are permitted to serve on such committees under the applicable
rules of the SEC and The Nasdaq Stock Market or by any other applicable stock exchange. It is understood by the parties hereto
that Blatstein shall not be required to have his directors represented on any committee and any failure to exercise such right
in this section in a prior period shall not constitute any waiver of such right in a subsequent period.

 

    	6

    	 

    

Article
V

TERMINATION

 

Section
5.1           Term.
The terms of this Agreement shall terminate, and be of no further force and effect: 

 

(a)         
upon the mutual consent of all of the parties hereto; or

 

(b)      
   if the Voting Condition ceases to be satisfied.

 

Section
5.2            Survival.
If this Agreement is terminated pursuant to Section 5.1, this Agreement shall become void and of no further force and effect,
except for: (i) the provisions set forth in this Section 5.2, Section 7.8 and Section 7.9 and (ii) the rights
with respect to the breach of any provision hereof by the Company.

 

Article
VI

REPRESENTATIONS AND WARRANTIES

 

Section
6.1            Representations and Warranties of Stockholders.
Each Stockholder represents and warrants to the Company that (a) it is duly authorized to execute, deliver and perform this Agreement;
(b) this Agreement has been duly executed by such Stockholder and is a valid and binding agreement of such Stockholder, enforceable
against such Stockholder in accordance with its terms; (c) the execution, delivery and performance by Stockholder of this
Agreement does not violate or conflict with or result in a breach of or constitute (or with notice or lapse of time or both constitute)
a default under any agreement to which such Stockholder is a party or, if the Stockholder is an entity, the organizational documents
of such Stockholder; and (d) such Stockholder has good and marketable title to the LLC Units owned by it as of the
date hereof free and clear of any pledge, lien, security interest, charge, claim, equity or encumbrance of any kind, other than
pursuant to this Agreement and the LLC Agreement.

 

Section
6.2            Representations and Warranties of the Company.
the Company represents and warrants to the Stockholders that (a) the Company is duly authorized to execute, deliver and perform
this Agreement; (b) this Agreement has been duly authorized, executed and delivered by the Company and is a valid and binding
agreement of the Company, enforceable against the Company in accordance with its terms; and (c) the execution, delivery and
performance by the Company of this Agreement does not violate or conflict with or result in a breach by the Company of or constitute
(or with notice or lapse of time or both constitute) a default by the Company under the Certificate of Incorporation or By-Laws,
any existing applicable law, rule, regulation, judgment, order, or decree of any Governmental Entity exercising any statutory or
regulatory authority of any of the foregoing, domestic or foreign, having jurisdiction over the Company or any of its Subsidiaries
or Controlled Affiliates or any of their respective properties or assets, or any agreement or instrument to which the Company or
any of its Subsidiaries or Controlled Affiliates is a party or by which the Company or any of its Subsidiaries or Controlled Affiliates
or any of their respective properties or assets may be bound.

 

    	7

    	 

    

Article
VII

MISCELLANEOUS

 

Section
7.1            Notices.
All notices, requests, consents and other communications hereunder to any party shall be deemed to be sufficient if contained in
a written instrument delivered in person or sent by nationally recognized overnight courier, addressed to such party at the address
set forth below or such other address as may hereafter be designated in writing by such party to the other parties:

 

(a) If to the Company, to:

 

OTG EXP, Inc.

335 West Butler Avenue, Suite 120

Chalfont, Pennsylvania 18914

Phone: (215) 997-0665

Attention: General Counsel

 

with a copy to:

 

Kirkland & Ellis LLP

601 Lexington Avenue

New York, New York 10022

Phone: (212) 446-4800

Attention: Richard Aftanas, P.C.

 

(b) if to any Stockholder, to the address
set forth for such Stockholder in the records of the Company.

 

All such notices, requests, consents and other communications
shall be deemed to have been given or made if and when received (including by overnight courier) by the parties at the above addresses
or sent by email, with confirmation received, to the email addresses at such email address for a party as shall be specified by
like notice. Any notice delivered by any party hereto to any other party hereto shall also be delivered to each other party hereto
simultaneously with delivery to the first party receiving such notice.

 

Section
7.2            Interpretation.
The headings contained in this Agreement are for convenience of reference purposes only and shall not affect in any way the meaning
or interpretation of this Agreement. Whenever the words “included”, “includes” or “including”
are used in this Agreement, they shall be deemed to be followed by the words “without limitation”.

 

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

 

    	8

    	 

    

Section
7.4            Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which shall, taken
together, be considered one and the same agreement, it being understood that both parties need not sign the same counterpart.

 

Section
7.5            Adjustments Upon Change of Capitalization.
In the event of any change in the outstanding Class A Shares and Class B Shares, as applicable, by reason of dividends, splits,
reverse splits, spin-offs, split-ups, recapitalizations, combinations, exchanges of shares and the like, the term “Class A
Shares” and “Class B Shares” shall refer to and include the securities received or resulting therefrom, but only
to the extent such securities are received in exchange for or in respect of Class A Shares and Class B Shares, as applicable.

 

Section
7.6            Entire Agreement; No Third Party Beneficiaries.
This Agreement (a) constitutes the entire agreement and supersedes all other prior agreements, both written and oral, among the
parties with respect to the subject matter hereof and (b) is not intended to confer upon any Person, other than the parties hereto,
except as provided in Article VI, any rights or remedies hereunder.

 

Section
7.7            Further Assurances.
Each party shall execute, deliver, acknowledge and file such other documents and take such further actions as may be reasonably
requested from time to time by the other party hereto to give effect to and carry out the transactions contemplated herein. Without
limiting the generality of the foregoing, each of the Stockholders (i) acknowledges that such Stockholder will prepare and file
with the SEC filings under the Exchange Act, including under Section 13(d) of the Exchange Act, relating to its Beneficial Ownership
of Voting Securities and (ii) agrees to use its reasonable efforts to assist and cooperate with the other parties in promptly preparing,
reviewing and executing any such filings under the Exchange Act, including any amendments thereto.

 

Section
7.8            Governing Law; Equitable Remedies.
THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE (WITHOUT GIVING EFFECT
TO CONFLICT OF LAWS PRINCIPLES THEREOF). The parties hereto agree that irreparable damage would occur in the event that any of
the provisions of this Agreement were not performed in accordance with its specific terms or was otherwise breached. It is accordingly
agreed that the parties hereto shall be entitled to an injunction or injunctions and other equitable remedies to prevent breaches
of this Agreement and to enforce specifically the terms and provisions hereof in any of the Selected Courts (as defined below),
this being in addition to any other remedy to which they are entitled at law or in equity. Any requirements for the securing or
posting of any bond with respect to such remedy are hereby waived by each of the parties hereto. Each party further agrees that,
in the event of any action for an injunction or other equitable remedy in respect of such breach or enforcement of specific performance,
it will not assert the defense that a remedy at law would be adequate.

 

    	9

    	 

    

Section
7.9         Consent to Jurisdiction.
With respect to any suit, action or proceeding (“Proceeding”) arising out of or relating to this Agreement or
any transaction contemplated hereby each of the parties hereto hereby irrevocably (i) submits to the exclusive jurisdiction
of the United States District Court for the Southern District of New York or the Court of Chancery located in the State of Delaware,
County of Newcastle (the “Selected Courts”) and waives any objection to venue being laid in the Selected Courts
whether based on the grounds of forum non conveniens or otherwise and hereby agrees not to commence any such Proceeding other than
before one of the Selected Courts; provided, however, that a party may commence any Proceeding in a court other
than a Selected Court solely for the purpose of enforcing an order or judgment issued by one of the Selected Courts; (ii)
consents to service of process in any Proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid,
or by recognized international express carrier or delivery service, to the Company or a Stockholder at the respective addresses
referred to in Section 8.1; provided, however, that nothing herein shall affect the right of any party
hereto to serve process in any other manner permitted by law; and (iii) TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW
THAT CANNOT BE WAIVED, WAIVES, AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO
TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS,
WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AND AGREES THAT ANY OF THEM MAY
FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE
PARTIES IRREVOCABLY TO WAIVE ITS RIGHT TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR
ANY OF THE CONTEMPLATED TRANSACTIONS WILL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.

 

Section
7.10       Amendments; Waivers.

 

(a)       
No provision of this Agreement may be amended or waived unless such amendment or waiver is in writing and signed, in the
case of an amendment, by the parties hereto, or in the case of a waiver, by the party against whom the waiver is to be effective.

 

(b)      
No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as waiver thereof nor
shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right,
power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided
by law.

 

    	10

    	 

    

Section
7.11      Successors and Assigns.
Except as otherwise provided herein, all the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit
of and shall be enforceable by the respective successors and permitted assigns of the parties hereto. No Stockholder may assign
any of its rights hereunder to any Person other than a Permitted Transferee. Each Permitted Transferee of any Stockholder shall
be subject to all of the terms of this Agreement, and by taking and holding such shares such Person shall be entitled to receive
the benefits of and be conclusively deemed to have agreed to be bound by and to comply with all of the terms and provisions of
this Agreement; provided, however, no transfer of rights permitted hereunder shall be binding upon or obligate
the Company unless and until if required under Section 3.1, the Company shall have received written notice of such transfer
and the joinder of the transferee provided for in Section 3.1. Notwithstanding the foregoing, no successor or assignee of
the Company shall have any rights granted under this Agreement until such Person shall acknowledge its rights and obligations hereunder
by a signed written statement of such Person’s acceptance of such rights and obligations.

 

Section
7.12      Actions in Other Capacities.
Nothing in this Agreement shall limit, restrict or otherwise affect any actions taken by Blatstein in his capacity as an stockholder,
partner, member or member of the Company or any of its Subsidiaries or Controlled Affiliates.

 

IN WITNESS WHEREOF, the parties have caused
this Agreement to be duly executed and delivered, all as of the date first set forth above.

 

	 	OTG EXP, INC.
	 	By:	
	 	 	Name:
	 	 	Title:
	 	 
	 	ERIC J. BLATSTEIN
	 	
	 	 
	 	OTG MANAGEMENT, INC.
	 	 
	 	 
	 	By:	
	 		Name:
	 		Title:
	 	 
	 	 
	 	OTG CONSOLIDATED HOLDINGS, INC.
	 	 
	 	 
	 	By:	
	 		Name:
	 	        	Title:

 

[Signature Page to Stockholders Agreement]Exhibit 10.13

 

 

 

 

 

REGISTRATION RIGHTS AGREEMENT

 

dated as of

 

             ,
2016

 

between

 

OTG EXP, INC.,

 

OTG MANAGEMENT, INC.

 

and

 

OTG CONSOLIDATED HOLDINGS, INC.

 

 

 

 

 

 

    	 

    	 

    

TABLE OF CONTENTS

 

Page

 

	Section 1.	Definitions	1
	Section 2.	Demand Registrations.	6
	Section 3.	Piggyback Registrations	11
	Section 4.	Holdback Agreements	13
	Section 5.	Registration Procedures	15
	Section 6.	Registration Expenses	19
	Section 7.	Indemnification and Contribution	20
	Section 8.	Underwritten Offerings	23
	Section 9.	Additional Parties; Joinder	23
	Section 10.	Current Public Information	23
	Section 11.	Subsidiary Public Offering	24
	Section 12.	Transfer of Registrable Securities	24
	Section 13.	General Provisions	25

 

    	i

    	 

    

OTG EXP, INC.

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS
AGREEMENT (this “Agreement”) is made as of               ,
2016, among OTG EXP, Inc., a Delaware corporation (the “Company”), OTG Management, Inc., a Pennsylvania corporation
(“Management”), and OTG Consolidated Holdings, Inc., a Pennsylvania corporation (“Holdings”
and, together with Management, the “Investors”). Except as otherwise specified herein, all capitalized terms
used in this Agreement are defined in Section 1.

 

WHEREAS, as of the date
hereof, the Company’s initial public offering (the “IPO”) of its Class A Shares (as defined below) has
been completed.

 

WHEREAS, reference is
hereby made to the Amended and Restated Limited Liability Company Agreement of OTG Management, LLC, a Delaware limited liability
company (the “LLC”), dated as of               , 2016, as may be amended and/or restated from time to time (the “LLC
Agreement”).

 

WHEREAS, as a
result of the completion of the IPO, as of the date hereof (i) the Company owns a certain number of issued and outstanding
LLC Units (as defined herein), which is equal to the number of Class A Shares that are issued and outstanding (including
Class A Shares sold in the IPO and Class A Shares issued to certain other existing owners of the LLC and other Persons in
connection with the IPO),  (ii) the Investors were issued LLC Units and an equivalent number of Class B Shares (as defined
below) and (iii) certain other of the LLC’s existing warrantholders were issued LLC Units upon exercise of warrants to
purchase equity interests in the LLC.

 

NOW, THEREFORE, in consideration
of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement hereby agree as follows:

 

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

 

“Acquired Class
A Shares” has the meaning set forth in Section 9.

 

“Affiliate”
of any Person means any other Person controlled by, controlling or under common control with such Person. As used in this definition,
“control” (including, with its correlative meanings, “controlling,” “controlled by” and “under
common control with”) shall mean possession, directly or indirectly, of power to direct or cause the direction of management
or policies (whether through ownership of securities, by contract or otherwise). With respect to any Person who is an individual,
“Affiliates” shall also include, without limitation, any member of such individual’s Family Group.

 

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

 

    	 

    	 

    

“Automatic Shelf
Registration Statement” has the meaning set forth in Section 2(a).

 

“Capital Stock”
means (i) with respect to any Person that is a corporation, any and all shares, interests or equivalents in capital stock of such
corporation (whether voting or nonvoting and whether common or preferred) and (ii) with respect to any Person that is not a corporation,
individual or governmental entity, any and all partnership, membership, limited liability company or other equity interests of
such Person that confer on the holder thereof the right to receive a share of the profits and losses of, or the distribution of
assets of, the issuing Person, including in each case any and all warrants, rights (including conversion and exchange rights) and
options to purchase any of the foregoing.

 

“Class A Shares”
means shares of the Company’s Class A common stock, par value $0.01 per share.

 

“Class B Shares”
means shares of the Company’s Class B common stock, par value $0.01 per share.

 

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

 

“Demand Registrations”
has the meaning set forth in Section 2(a).

 

“Demand Shelf
Registration Statement” has the meaning set forth in Section 2(d)(ii).

 

“End of Suspension
Notice” has the meaning set forth in Section 2(f)(iii).

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended from time to time, or any successor federal law then in force, together with
all rules and regulations promulgated thereunder.

 

“Exchange Agreement”
means the Exchange Agreement, dated                , 2016 by and among the Company, Management, Holdings and the other parties thereto.

 

“Family Group”
means, with respect to a Person who is an individual, (i) such individual’s spouse, domestic partner, parent, sibling
and descendants (whether natural or adopted) (collectively, for purposes of this definition, “relatives”), (ii) such
individual’s executor or personal representative, (iii) any trust, or other entity formed for estate planning purposes,
the trustee (or an equivalent thereof) of which is such individual or such individual’s executor or personal representative
and which at all times is and remains solely for the benefit of such individual and/or such individual’s relatives, (iv)
any corporation, limited partnership, limited liability company or other tax flow-through entity the governing instruments of which
provide that such individual or such individual’s executor or personal representative shall have the exclusive, nontransferable
power to direct the management and policies of such entity and of which the sole owners of stock, partnership interests, membership
interests or any other equity interests are limited to such individual, such individual’s relatives and/or the trusts (or
other entities) described in clause (iii) above, and (v) any retirement plan for such individual or such individual’s
relatives.

 

    	- 2 -

    	 

    

“FINRA”
means the Financial Industry Regulatory Authority.

 

“Follow-On Holdback
Period” has the meaning set forth in Section 4(a)(i).

 

“Free Writing
Prospectus” means a free writing prospectus, as defined in Rule 405 promulgated under the Securities Act.

 

“Holdback Extension”
has the meaning set forth in Section 4(a)(iii).

 

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

 

“Indemnified
Parties” has the meaning set forth in Section 7(a).

 

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

 

“Joinder”
has the meaning set forth in Section 9.

 

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

 

“LLC Agreement”
has the meaning set forth in the recitals.

 

“LLC Units”
means a common unit in the LLC.

 

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

 

“Long-Form Registrations”
has the meaning set forth in Section 2(a).

 

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

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof.

 

“Piggyback Registrations”
has the meaning set forth in Section 3(a).

 

“Public Offering”
means any sale or distribution by the Company and/or holders of Registrable Securities to the public of Class A Shares that is
made pursuant to a registration statement filed with the SEC under the Securities Act; provided that a Public Offering shall
not include an offering made in connection with a business acquisition or combination pursuant to a registration statement on Form
S-4 or any similar form, or an employee benefit plan pursuant to a registration statement on Form S-8 or any similar form.

 

    	- 3 -

    	 

    

“Registrable
Securities” means (i) any Class A Shares issued or distributed (directly or indirectly) to the Investors or any of their
Affiliates, (ii) any Class A Shares issued or issuable by means of an exchange of LLC Units and Class B Shares by an Investor pursuant
to the terms of the LLC Agreement and the Exchange Agreement, (iii) any Class A Shares issued or issuable with respect to the securities
referred to in clauses (i) and (ii) above by way of a stock dividend or stock split or in connection with a combination
of shares, recapitalization, merger, consolidation or other reorganization, and (iv) any other Class A Shares held by Persons holding
securities described in clauses (i) to (iii), inclusive, above, in each case, subject to Section 12(a), who are or
become parties to this Agreement by the execution and delivery of a Joinder. Such securities shall cease to be Registrable Securities
when they have been (a) sold or distributed pursuant to a Public Offering, (b) sold in compliance with Rule 144 following
the consummation of the IPO, or (c) repurchased by the Company or a Subsidiary of the Company. For purposes of this Agreement,
a Person shall be deemed to be a holder of Registrable Securities, and the Registrable Securities shall be deemed to be in existence,
whenever such Person has the right to acquire, directly or indirectly, such Registrable Securities (upon conversion or exercise
in connection with a transfer of securities or otherwise, including upon exchange of LLC Units and Class B Shares for Class A Shares
pursuant to the terms of the LLC Agreement and the Exchange Agreement, but disregarding any restrictions or limitations upon the
exercise of such right), whether or not such acquisition has actually been effected, and such Person shall be entitled to exercise
the rights of a holder of Registrable Securities hereunder; provided a holder of Registrable Securities may only request
that Registrable Securities in the form of Class A Shares be registered pursuant to this Agreement. Notwithstanding the foregoing,
following the consummation of the IPO, any Registrable Securities held by any Person (other than an Investor or any of its Affiliates,
as applicable) that may be sold under Rule 144(b)(1)(i) without limitation under any of the other requirements of Rule 144 (as
confirmed by an opinion of the Company’s counsel) shall not be deemed to be Registrable Securities.

 

“Registration
Expenses” has the meaning set forth in Section 6(a).

 

“Required Shelf
Registration Statement” has the meaning set forth in Section 2(d)(i).

 

“Rule 144”,
“Rule 158”, “Rule 405”, “Rule 415”, “Rule 403B” and
“Rule 462” mean, in each case, such rule promulgated under the Securities Act (or any successor provision) by
the SEC, as the same shall be amended from time to time, or any successor rule then in force.

 

“Sale of the
Company” means any transaction or series of transactions pursuant to which any Person(s) or a group of related Persons
(other than any Investor and its Affiliates) in the aggregate acquires (i) Capital Stock of the Company or the surviving entity
entitled to vote (other than voting rights accruing only in the event of a default, breach, event of noncompliance or other contingency)
to elect directors with a majority of the voting power of the Company’s or the surviving entity’s board of directors
(whether by merger, consolidation, reorganization, combination, sale or transfer of the Company’s Capital Stock) or (ii) all
or substantially all of the Company’s assets determined on a consolidated basis (and, for such purpose, a sale of a majority
of the Capital Stock, determined by vote or value, of the LLC, shall be deemed a sale of substantially all of the Company’s
assets); provided that a Public Offering shall not constitute a Sale of the Company.

 

“Sale Transaction”
has the meaning set forth in Section 4(a)(i).

 

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

 

    	- 4 -

    	 

    

“Securities”
has the meaning set forth in Section 4(a)(i).

 

“Securities
Act” means the Securities Act of 1933, as amended from time to time, or any successor federal law then in force, together
with all rules and regulations promulgated thereunder.

 

“Shelf Offering”
has the meaning set forth in Section 2(d)(iii).

 

“Shelf Offering
Notice” has the meaning set forth in Section 2(d)(iii).

 

“Shelf Registration”
has the meaning set forth in Section 2(a).

 

“Shelf Registrable
Securities” has the meaning set forth in Section 2(d)(iii).

 

“Shelf Registration
Statement” has the meaning set forth in Section 2(d)(i).

 

“Short-Form
Registrations” has the meaning set forth in Section 2(a).

 

“Subsidiary”
means, with respect to the Company, 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, managers or trustees thereof is at the time owned or controlled, directly
or indirectly, by the Company or one or more of the other Subsidiaries of the Company or a combination thereof, or (ii) if a limited
liability company, partnership, association or other business entity, a majority of the limited liability company, partnership
or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by the Company or one or
more Subsidiaries of the Company 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.

 

“Suspension
Event” has the meaning set forth in Section 2(f)(iii).

 

“Suspension
Notice” has the meaning set forth in Section 2(f)(iii).

 

“Suspension
Period” has the meaning set forth in Section 2(f)(ii).

 

“Synthetic Secondary
Offering” has the meaning set forth in Section 3(a).

 

“Violation”
has the meaning set forth in Section 7(a).

 

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

 

    	- 5 -

    	 

    

Section 2.   
Demand Registrations.

 

(a)   
Requests for Registration. Subject to the terms and conditions of this Agreement, each of the Investors may
request the Company to file with the SEC a registration statement under the Securities Act registering the offer and sale of all
or any portion of their Registrable Securities on Form S-1 or any similar long-form registration statement (“Long-Form
Registrations”) or on Form S-3 or any similar short-form registration statement (“Short-Form Registrations”)
if available, in each case, to permit secondary sales of such Registrable Securities. All registrations requested pursuant to
this Section 2(a) are referred to herein as “Demand Registrations.” The Investor making a Demand Registration
may request that the registration be made pursuant to Rule 415 under the Securities Act (a “Shelf Registration”)
and, if the Company is a WKSI at the time any request for a Demand Registration is submitted to the Company, that such Shelf Registration
be an automatic shelf registration statement (as defined in Rule 405 under the Securities Act) (an “Automatic Shelf Registration
Statement”). Each request for a Demand Registration shall specify the approximate number of Registrable Securities the
holder(s) making such request requested to be registered and the intended method of distribution. Within ten days after receipt
of any such request, the Company shall give written notice of the Demand Registration to all other holders of Registrable Securities
and other securities of the Company subject to registration rights and, subject to the terms of Section 2(e), shall include
in such Demand Registration (and in all related registrations and qualifications under state blue sky laws and in any related
underwriting) all securities with respect to which the Company has received written requests for inclusion therein within ten
days after the receipt of the Company’s notice. Each holder of Registrable Securities agrees that such holder shall treat
as confidential the receipt of any notice of Demand Registration and shall not disclose or use the information contained in such
notice of Demand Registration without the prior written consent of the Company until such time as the information contained therein
is or becomes available to the public generally, other than as a result of disclosure by such holder in breach of the terms of
this Agreement.

 

(b)  
Long-Form Registrations. Each Investor shall be entitled to unlimited Long-Form Registrations. The Company
shall pay all Registration Expenses in connection with any registration initiated as a Long-Form Registration whether or not it
has become effective. All sales of Registrable Securities under Long-Form Registrations shall be conducted as underwritten Public
Offerings unless otherwise approved by the Investor requesting such registration.

 

(c)   
Short-Form Registrations. In addition to the Long-Form Registrations provided pursuant to Section 2(b),
each Investor shall be entitled to an unlimited number of Short-Form Registrations. The Company shall pay all Registration Expenses
in connection with any registration initiated as a Short-Form Registration whether or not it has become effective. The Company
shall use its reasonable best efforts to make Short-Form Registrations available for the offer and sale of Registrable Securities
as soon as possible and to remain qualified so that Short-Form Registrations continue to be available for such offer and sale.

 

    	- 6 -

    	 

    

(d)  
Shelf Registrations. 

 

(i)                
If requested by an Investor following the first day of the calendar month immediately following the first anniversary of
the IPO, the Company shall (A) if the Company is then-eligible to use any applicable short-form registration statement, file with
the SEC one or more Short-Form Registrations, including an Automatic Shelf Registration Statement, or (B) if the Company is not
eligible to use any applicable short-form registration statement at such time, use its commercially reasonable efforts to file
with the SEC one or more Long-Form Registrations, in each case, covering the offer and sale of all Registrable Securities, which
includes, for the avoidance of doubt, the offer and exchange of all Class A Shares deliverable by the Company from time to time
to holders of Registrable Securities in exchange for such holders’ LLC Units and Class B Shares pursuant to the LLC Agreement
and the Exchange Agreement (a registration statement for such offer and exchange by the Company, the “Required Shelf Registration
Statement”). The Company shall pay all Registration Expenses in connection with the Required Shelf Registration Statement
whether or not it has become effective.

 

(ii)              
As promptly as practicable after the Company receives written notice of a request for a Shelf Registration, the Company
shall file with the SEC a registration statement under the Securities Act for the Shelf Registration (a “Demand Shelf
Registration Statement”). Any Demand Shelf Registration Statement and the Required Shelf Registration Statement are referred
to herein each as a “Shelf Registration Statement.” The Company shall use its reasonable best efforts to cause
any Shelf Registration Statement to be declared effective under the Securities Act as soon as practicable after filing, and once
effective, the Company shall cause such Shelf Registration Statement (A) in the case of a Demand Shelf Registration Statement,
to remain continuously effective for such time period as is specified in such request; provided that for a Demand Shelf
Registration Statement other than an Automatic Shelf Registration Statement (which will be subject to Section 5(a)(xxiii)
instead) such requested time period shall not be longer than the period ending on the earliest of (x) the third anniversary of
the effective date of such Shelf Registration Statement, (y) the date on which all Registrable Securities covered by such Shelf
Registration Statement have been sold pursuant to the Shelf Registration Statement, and (z) the date as of which there are no longer
any Registrable Securities covered by such Shelf Registration Statement in existence and (B) in the case of the Required Shelf
Registration Statement (which shall not be subject to Section 5(a)(xxiii) even if in the form of an Automatic Shelf Registration
Statement), to remain continuously effective (including by filing a new Shelf Registration Statement, if necessary) until the earlier
of (x) the date on which all Registrable Securities covered by the Required Shelf Registration Statement have been sold pursuant
to the Required Shelf Registration Statement and (y) the date as of which there are no longer in existence any Registrable Securities
covered by the Required Shelf Registration Statement; provided that nothing set forth herein shall require the Company to
file a new Shelf Registration Statement or to keep effective the Required Shelf Registration Statement at any time during which
the Company is ineligible to use a Short-Form Registration; provided further that at such time, pursuant to Section
2(d)(i), the Company shall use its reasonable best efforts to become and remain qualified to use Short-Form Registrations.

 

    	- 7 -

    	 

    

(iii)            
In the event that a Shelf Registration Statement is effective and for so long as it remains in effect, each of the Investors
shall have the right at any time or from time to time to elect to sell (whether through an underwritten Public Offering or any
other method of distribution) their Registrable Securities pursuant to such Shelf Registration Statement in an aggregate amount
up to the number of Registrable Securities covered thereunder (“Shelf Registrable Securities”), and the Company
shall pay all Registration Expenses in connection therewith. Such Investor shall make such election by delivering to the Company
a written request (a “Shelf Offering Request”) with respect to such offering specifying the number of Shelf
Registrable Securities that the holders desire to sell pursuant to such offering (the “Shelf Offering”). As
promptly as practicable, but no later than two business days after receipt of a Shelf Offering Request, the Company shall give
written notice (the “Shelf Offering Notice”) of such Shelf Offering Request to all other holders of securities
of the Company subject to registration rights. The Company, subject to Section 2(e) and Section 8 hereof, shall include
in such Shelf Offering (x) the Shelf Registrable Securities specified in the Shelf Offering Request and (y) the securities of any
other holder of securities of the Company subject to registration rights that shall have made a written request to the Company
for inclusion in such Shelf Offering (which request shall specify the maximum number of securities intended to be disposed of by
such holder) within seven days after the receipt of the Shelf Offering Notice. The Company shall, as expeditiously as possible
(and in any event within 20 days after the receipt of a Shelf Offering Request), but subject to Section 2(f) hereof, use
its reasonable best efforts to facilitate such Shelf Offering. Each holder agrees that such holder shall treat as confidential
the Shelf Offering Notice and shall not disclose or use the information contained in such Shelf Offering Notice without the prior
written consent of the Company until such time as the information contained therein is or becomes available to the public generally,
other than as a result of disclosure by the holder in breach of the terms of this Agreement.

 

(iv)            
If an Investor wishes to engage in an underwritten block trade off of a Shelf Registration Statement (either through filing
an Automatic Shelf Registration Statement or through a take-down from an already existing Shelf Registration Statement), then notwithstanding
the time periods set forth in Section 2(d)(iii), such Investor shall notify the Company of the block trade Shelf Offering
not less than two business days prior to the day such offering is to commence. The Company shall promptly notify other holders
of securities of the Company subject to registration rights of such block trade Shelf Offering and such other holders of securities
of the Company subject to registration rights must elect whether or not to participate by the next business day (i.e. one
business day prior to the day such offering is to commence) (unless a longer period is agreed to by the Investor wishing to engage
in the underwritten block trade) and the Company shall as expeditiously as possible use its best efforts to facilitate such offering
(which may close as early as three business days after the date it commences); provided that the Investor shall use commercially
reasonable efforts to work with the Company and the underwriters prior to making such request in order to facilitate preparation
of the registration statement, prospectus and other offering documentation related to the underwritten block trade; provided
further that no holder of Registrable Securities other than the Investors shall be permitted to participate in an underwritten
block trade Shelf Offering without the consent of the Investors.

 

    	- 8 -

    	 

    

(v)              
The Company shall, at the request of the Investor electing to sell Shelf Registrable Securities, file any prospectus supplement
or any post-effective amendments and otherwise take any action necessary to include therein all disclosure and language deemed
necessary or advisable by such Investor to effect such Shelf Offering.

 

(e)   
Priority on Demand Registrations and Shelf Offerings. The Company shall not include in any Demand Registration
or Shelf Offering any securities that are not securities of the Company subject to registration rights without the prior written
consent of the Investor initially requesting such registration. If a Demand Registration or a Shelf Offering is an underwritten
offering and the managing underwriters advise the Company in writing that in their opinion the number of Registrable Securities
and, if permitted hereunder, other securities requested to be included in such offering exceeds the number of Registrable Securities
and other securities, if any, that can be sold in such offering without adversely affecting the marketability, proposed offering
price, timing or method of distribution of the offering, then such offering will include only the number of Registrable Securities
and, if permitted hereunder, other securities that the underwriters advise can be sold in such offering without any such adverse
effect. The priority of securities that the Company shall include in such offering shall be as follows:

 

(i)                
first, the number of Registrable Securities requested to be included in such Demand Registration or Shelf Offering by the
Investors; and

 

(ii)              
second, the number of securities requested to be included in such Demand Registration or Shelf Offering by holders of securities
of the Company subject to registration rights other than the Investors, pro rata among the respective holders thereof based on
the amount of securities owned by each such holder relative to the total number of securities held by all such holders of securities
requesting to include securities in such Demand Registration or Shelf Offering as of the date the Company provided written notice
of the Demand Registration or Shelf Offering Notice to the holders of such securities (while subject to each such holder of such
securities including in such Demand Registration or Shelf Offering no more than the number of securities requested by such holder
to be included in such Demand Registration or Shelf Offering).

 

Any persons other than
holders of Registrable Securities who participate in Demand Registrations which are not at the Company’s expense must pay
their share of the Registration Expenses as provided in Section 6.

 

(f)    Restrictions
on Demand Registration and Shelf Offerings. (i) Any demand for the filing of a registration statement or for a registered
offering (including a Shelf Offering) hereunder will be subject to the constraints of any applicable lock-up arrangements,
and any such demand must be deferred until such lock-up arrangements no longer apply. The Company shall not be obligated to
effect any Demand Registration within 90 days after the effective date of a previous Demand Registration or a previous
registration in which (A) Registrable Securities were included pursuant to Section 3 or as part of a Shelf Offering
pursuant to Section 2 and (B) there was no reduction in the number of Registrable Securities requested to be
included.

 

    	- 9 -

    	 

    

(ii)              
The Company may postpone, for up to 90 days from the date of the request (the “Suspension Period”), the
filing or the effectiveness of a registration statement for a Demand Registration or suspend the use of a prospectus that
is part of a Shelf Registration Statement (and therefore suspend sales of the Shelf Registrable Securities) by providing written
notice to the holders of Registrable Securities if the Company’s board of directors determines in its reasonable good faith
judgment that the offer or sale of Registrable Securities or the disclosure required in connection therewith would reasonably be
expected to have a material adverse effect on any proposal or plan by the Company or any Subsidiary to engage in any material acquisition
of assets or stock (other than in the ordinary course of business) or any material merger, consolidation, tender offer, recapitalization,
reorganization or other transaction involving the Company; provided that in such event the Company shall pay all Registration
Expenses in connection with such Demand Registration or Shelf Offering. The Company may delay or suspend the effectiveness of a
Demand Registration or a Shelf Offering pursuant to this Section 2(f)(ii) only once in any twelve-month period; provided
further that, for the avoidance of doubt, the Company may in any event delay or suspend the effectiveness of a Demand Registration
or a Shelf Offering in the case of an event described under Section 5(a)(vi)(C) to enable it to comply with its obligations
set forth in Section 5(a)(vi)(C). The Company may extend the Suspension Period for an additional consecutive 60 days with
the consent of the Investor initially requesting such Demand Registration or Shelf Offering, which consent shall not be unreasonably
withheld.

 

(iii)            
In the case of an event that causes the Company to suspend the use of a Shelf Registration Statement as set forth in Section
2(f)(ii) above or pursuant to Section 5(a)(vi)(C) (a “Suspension Event”), the Company shall give
a notice to the holders of Registrable Securities registered pursuant to such Shelf Registration Statement (a “Suspension
Notice”) to suspend sales of the Registrable Securities. Such Suspension Notice shall state generally the basis for the
notice and provide that such suspension shall continue only for so long as the Suspension Event is continuing. A holder of Registrable
Securities shall not effect any sales of its Registrable Securities pursuant to such Shelf Registration Statement at any time after
it has received a Suspension Notice from the Company and prior to receipt of an End of Suspension Notice (as defined below). Each
holder of Registrable Securities agrees that it shall treat as confidential the receipt of the Suspension Notice and shall not
disclose or use the information contained in such Suspension Notice without the prior written consent of the Company until such
time as the information contained therein is or becomes available to the public generally, other than as a result of disclosure
by such holder of Registrable Securities in breach of the terms of this Agreement. A holder of Registrable Securities may recommence
effecting sales of the Registrable Securities pursuant to the Shelf Registration Statement following further written notice to
such effect (an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given
by the Company to the holders and to the holders’ counsel, if any, promptly following the conclusion of any Suspension Event.

 

(iv)            
Notwithstanding any provision herein to the contrary, if the Company shall give a Suspension Notice with respect to any
Shelf Registration Statement pursuant to this Section 2(f), the Company agrees that it shall (A) extend the period of time
during which such Shelf Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during
the period from the date of receipt by the holders of the Suspension Notice to and including the date of receipt by the holders
of the End of Suspension Notice and (B) provide copies of the supplemented or amended Shelf Registration Statement or prospectus
contained therein necessary to resume sales, with respect to each Suspension Event; provided that such period of time shall
not be extended beyond the date that Class A Shares covered by such Shelf Registration Statement are no longer Registrable Securities.

 

    	- 10 -

    	 

    

(g)  
Selection of Underwriters. The Investor initially requesting a filing of a registration statement for a registered
offering hereunder shall have the right to select the investment banker(s) and manager(s) to administer the related underwritten
offering, subject to the Company’s approval which shall not be unreasonably withheld, conditioned or delayed.

 

(h)  
Other Registration Rights. Except as provided in this Agreement and the Registration Rights Agreement dated
the date hereof by and between the Company and Ares Capital Corporation, the Company shall not grant to any Persons the right
to request the Company or any Subsidiary to register any Capital Stock of the Company or any Subsidiary, or any securities convertible
or exchangeable into or exercisable for such securities, without the prior written consent of the Investors.

 

(i)    
Revocation of Demand Registration or Shelf Offering Notice. At any time prior to the effective date of the
Registration Statement relating to a Demand Registration or the “pricing” of any Shelf Offering, the Investor that
requested such Demand Registration or Shelf Offering may revoke such request for a Demand Registration or Shelf Offering on behalf
of all holders of securities participating in such Demand Registration or Shelf Offering without liability to such holders, in
each case, by providing written notice to the Company.

 

Section
3.    Piggyback Registrations.

 

(a)   
Right to Piggyback. Whenever the Company proposes to register any of its securities under the Securities
Act (which, for the avoidance of doubt, includes the registration of Class A Shares under the Securities Act for an underwritten
public primary offering by the Company for the ultimate benefit of holders of Registrable Securities (i.e., where the Company
primarily uses the proceeds from the sale of Class A Shares issued by the Company in an underwritten Public Offering to purchase
Registrable Securities from holders of Registrable Securities (a “Synthetic Secondary Offering”)), other than
(i) pursuant to a Demand Registration or a Shelf Registration (including any related Shelf Offering), in which case the ability
of a holder of Registrable Securities to participate in such Demand Registration or Shelf Offering shall be governed by Section
2, (ii) in connection with the issuance by the Company of Class A Shares in the IPO (including, without limitation, pursuant
to the terms of any over-allotment or “green shoe” option granted to the managing underwriters), (iii) in connection
with registrations on Form S-4 or S-8 promulgated by the SEC (or any successor or similar forms), (iv) in connection with
a registration the primary purpose of which is to register debt securities (i.e., in connection with a so-called “equity
kicker”), (v) a registration on any form that does not include substantially the same information as would be required to
be included in a registration statement covering the sale of Registrable Securities), or (vi) pursuant to the Required Shelf Registration
Statement, and the registration form to be used may be used for the registration of Registrable Securities (a “Piggyback
Registration”), the Company shall give prompt written notice to all holders of securities subject to registration rights
of its intention to effect such Piggyback Registration and, subject to the terms of Section 3(c) and Section 3(d),
shall include in such Piggyback Registration (and in all related registrations or qualifications under blue sky laws and in any
related underwriting) all securities with respect to which the Company has received written requests for inclusion therein within
20 days after delivery of the Company’s notice.

 

    	- 11 -

    	 

    

(b)  
Piggyback Expenses. The Registration Expenses of the holders of Registrable Securities in connection with
all Piggyback Registrations shall be paid by the Company, whether or not any such registration became effective or offerings conducted
pursuant thereto have closed.

 

(c)   
Priority on Primary Registrations. If a Piggyback Registration is for an underwritten primary offering by
the Company, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested
to be included in such registration exceeds the number that can be sold in such offering without adversely affecting the marketability,
proposed offering price, timing or method of distribution of the offering, then such offering will include only the number of
securities that the underwriters advise can be sold in such offering without any such adverse effect. The priority of securities
that the Company shall include in such offering shall be as follows:

 

(i)                
first, the securities the Company proposes to sell;

 

(ii)              
second, the number of securities requested to be included in such offering, pro rata among the respective holders thereof
based on the amount of securities owned by each such holder relative to the total number of securities held by all such holders
requesting to include securities in such offering as of the date the Company provided written notice of the Piggyback Registration
to the holders of securities; and

 

(iii)            
third, (if permitted by the Company) other securities requested to be included in such offering, in such manner as the Company
may determine.

 

(d)  
Priority on Secondary Registrations. If a Piggyback Registration is for an underwritten secondary offering
by or on behalf of holders of the Company’s securities other than Registrable Securities (including a Synthetic Secondary
Offering, with any such Synthetic Secondary Offering being deemed an underwritten offering of Registrable Securities solely for
purposes of this Agreement) (it being understood that Demand Registrations and Shelf Registrations (including any related Shelf
Offerings) by or on behalf of holders of Registrable Securities are addressed in Section 2 rather than in this Section
3(d)), and the managing underwriters advise the Company in writing that in their opinion the number of securities requested
to be included in such registration exceeds the number that can be sold in such offering without adversely affecting the marketability,
proposed offering price, timing or method of distribution of the offering, then such offering will include only the number of
securities that the underwriters advise can be sold in such offering without any such adverse effect. The priority of securities
that the Company shall include in such offering shall be as follows:

 

(i)                
first, the securities requested to be included in such offering by the holders initially requesting such registration;

 

    	- 12 -

    	 

    

(ii)              
second, the number of Registrable Securities requested to be included in such offering, pro rata among the respective holders
thereof based on the amount of Registrable Securities owned by each such holder relative to the total number of Registrable Securities
held by all such holders of Registrable Securities requesting to include Registrable Securities in such offering as of the date
the Company provided written notice of the Piggyback Registration to the holders of Registrable Securities (while subject to each
such holder of Registrable Securities including in such offering no more than the number of Registrable Securities requested by
such holder to be included in such offering); and

 

(iii)            
third, (if permitted by the Company) any other securities requested to be included in such offering, in such manner as the
Company may determine.

 

(e)   
Selection of Underwriters. If any Piggyback Registration is in connection with an underwritten offering,
the selection of investment banker(s) and manager(s) for the offering must be approved by the holders of a majority of the securities
included in such Piggyback Registration (inclusive of, in the case of a Synthetic Secondary Offering, the ultimate holders for
whose benefit such Synthetic Secondary Offering is conducted). Such approval shall not be unreasonably withheld, conditioned or
delayed.

 

(f)   
Right to Terminate Registration. The Company shall have the right to terminate or withdraw any registration
initiated by it under this Section 3 whether or not any holder of Registrable Securities has elected to include Registrable
Securities in such registration. The Registration Expenses of such withdrawn registration shall be borne by the Company in accordance
with Section 6.

 

Section
4.    Holdback Agreements.

 

(a)   
Holders of Registrable Securities. If requested by the managing underwriter(s) of an underwritten Public
Offering, each holder of Registrable Securities shall enter into lock-up agreements with such managing underwriter(s) that provides
for the following unless such managing underwriter(s) otherwise agree in writing:

 

(i)                
in connection with all underwritten Public Offerings after the IPO, such holder shall not (A) offer, sell, contract to sell,
pledge or otherwise dispose of (including sales pursuant to Rule 144), directly or indirectly, any Capital Stock of the Company
(including Capital Stock of the Company that may be deemed to be owned beneficially by such holder in accordance with the rules
and regulations of the SEC), or any securities convertible into or exchangeable or exercisable for any such Capital Stock of the
Company (collectively, “Securities”), (B) enter into a transaction which would have the same effect as described
in clause (A) above, (C) enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic
consequences or ownership of any Securities, whether such transaction is to be settled by delivery of such Securities, in cash
or otherwise (each of (A), (B) and (C) above, a “Sale Transaction”), commencing on the date requested by the
managing underwriters (which shall be no earlier than ten days prior to the anticipated “pricing” date for such underwritten
offering) and continuing to a date that is no later than 90 days following the date of the final prospectus for such Public
Offering (a “Follow-On Holdback Period”), except as otherwise agreed to by the managing underwriters and except
for sales made as part of such underwritten Public Offering and such other exceptions for dispositions and other transfers as may
be agreed upon by the holder and the managing underwriters in connection with such Public Offering; and

 

    	- 13 -

    	 

    

(ii)              
in the event that (A) the Company issues an earnings release or discloses other material information or a material
event relating to the Company and its Subsidiaries occurs during the last 17 days of any Follow-On Holdback Period or (B) prior
to the expiration of any Follow-On Holdback Period, the Company announces that it will release earnings results during the 16-day
period beginning upon the expiration of such period, then to the extent necessary for a managing or co-managing underwriter of
a registered offering hereunder to comply with NASD Rule 2711(f)(4) of the FINRA Manual, the Follow-On Holdback Period shall be
extended until 18 days after the earnings release or disclosure of other material information or the occurrence of the material
event, as the case may be (a “Holdback Extension”).

 

The Company may impose stop-transfer instructions
with respect to the Class A Shares (or other securities) subject to the restrictions set forth in this Section 4(a) until
the end of such period, including any Holdback Extension. Notwithstanding the foregoing, no holder of Registrable Securities that
is not an officer or director of the Company shall be subject to the Follow-On Holdback Period in connection with an underwritten
block trade Shelf Offering unless such holder of Registrable Securities was provided notice one day prior to such underwritten
block trade Shelf Offering and provided the opportunity to participate therein; provided that if such holder of Registrable
Securities was provided the opportunity to participate therein, such holder shall be subject to the Follow-On Holdback Period regardless
of whether such holder elects to participate in such underwritten block trade Shelf Offering, unless the managing underwriters
of such underwritten block trade Shelf Offering otherwise agree in writing.

 

(b)  
The Company, Directors and Executive Officers. The Company (i) shall not file any registration statement
for a Public Offering or cause any such registration statement to become effective, or effect any public sale or distribution
of its equity securities, or any securities, options or rights convertible into or exchangeable or exercisable for such securities
(for purposes of this Section 4(b), the words “Class A Shares” shall be replaced with the words “Capital
Stock of the Company” in the definition of “Public Offering”) during any Follow-On Holdback Period, as extended
during any Holdback Extension, and (ii) shall use its reasonable best efforts to cause (A) each holder of at least 1% (on a fully-diluted,
as converted and as-exchanged to Class A Shares basis) of its Class A Shares, or any securities convertible into or exchangeable
or exercisable for Class A Shares, purchased from the Company at any time after the date of this Agreement (other than in a Public
Offering) and (B) each of its directors and executive officers to agree not to effect any Sale Transaction during any Follow-On
Holdback Period (as extended by any Holdback Extension), except as part of such Public Offering and such other exceptions for
dispositions and other transfers as may be agreed upon by the holder, directors, executive officers, and the managing underwriters,
as applicable, in connection with such Public Offering, unless the managing underwriters of such Public Offering otherwise agree
in writing.

 

    	- 14 -

    	 

    

Section
5.    Registration Procedures.

 

(a)   
Whenever the holders of Registrable Securities have requested that any Registrable Securities be registered pursuant to
this Agreement or have initiated a Shelf Offering, the Company shall use its reasonable best efforts to effect the registration
and the sale of such Registrable Securities in accordance with the intended method of disposition thereof, and pursuant thereto
the Company shall as expeditiously as possible (unless waived by the holders of a majority of the Registrable Securities participating
in such registration):

 

(i)                
in accordance with the Securities Act and all applicable rules and regulations promulgated thereunder, prepare and file
with the SEC a registration statement on the applicable form, and all amendments and supplements thereto and related prospectuses,
with respect to such Registrable Securities and use its reasonable best efforts to cause such registration statement to become
effective (provided that before filing a registration statement or prospectus or any amendments or supplements thereto,
the Company shall furnish to the counsel selected by the holders of a majority of the Registrable Securities covered by such registration
statement copies of all such documents proposed to be filed, which documents shall be subject to the review and comment of such
counsel);

 

(ii)              
notify each holder of Registrable Securities of (A) the issuance by the SEC of any stop order suspending the effectiveness
of any registration statement or the initiation of any proceedings for that purpose, (B) the receipt by the Company or its counsel
of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction
or the initiation or threatening of any proceeding for such purpose, and (C) the effectiveness of each registration statement filed
hereunder;

 

(iii)            
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 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 sale of Registrable Securities by an underwriter or dealer) and comply with the provisions of the Securities 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 sellers thereof set forth in such registration statement;

 

    	- 15 -

    	 

    

(iv)            
furnish to each seller of Registrable Securities thereunder such number of copies of such registration statement, each amendment
and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus and supplement
thereto), each Free Writing Prospectus and such other documents as such seller may reasonably request in order to facilitate the
disposition of the Registrable Securities owned by such seller;

 

(v)              
use its reasonable best efforts to register or qualify such Registrable Securities under such other securities or blue sky
laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things that 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 (provided that the Company shall not be required to (A) qualify generally to do business in any jurisdiction where
it would not otherwise be required to qualify but for this subparagraph or (B) consent to general service of process in any such
jurisdiction or (C) subject itself to taxation in any such jurisdiction);

 

(vi)            
notify each seller of such Registrable Securities (A) promptly after it receives notice thereof, of the date and time
when such registration statement and each post-effective amendment thereto has become effective or a prospectus or supplement to
any prospectus relating to a registration statement has been filed and when any registration or qualification has become effective
under a state securities or blue sky law or any exemption thereunder has been obtained, (B) promptly after receipt thereof,
of any request by the SEC for the amendment or supplementing of such registration statement or prospectus or for additional information,
and (C) promptly at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the
happening of any event as a result of which the prospectus included in such registration statement contains an untrue statement
of a material fact or omits to state a material fact necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading, and, subject to Section 2(f), at the request of any such seller, the Company shall
use its reasonable best efforts to prepare a supplement or amendment to such prospectus so that, as thereafter delivered to the
purchasers of such Registrable Securities, such prospectus shall not contain an 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;

 

(vii)          
use reasonable best efforts to cause all such Registrable Securities that have been sold pursuant to a registration statement
effected under this Agreement and not already listed to be listed on each securities exchange on which similar securities issued
by the Company are then listed and, if not so listed, to be listed on a securities exchange and, without limiting the generality
of the foregoing, to arrange for at least two market markers to register as such with respect to such Registrable Securities with
FINRA;

 

(viii)        
use reasonable best efforts to provide a transfer agent and registrar for all such Registrable Securities not later than
the effective date of such registration statement;

 

    	- 16 -

    	 

    

(ix)            
enter into and perform such customary agreements (including underwriting agreements in customary form) and take all such
other actions as the holders of a majority of the Registrable Securities being sold 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);

 

(x)              
make available for inspection by any seller of Registrable Securities, any underwriter participating in any disposition
pursuant to such registration statement and any attorney, accountant or other agent retained by any such seller or underwriter,
all financial and other records, pertinent corporate and business documents and properties of the Company as shall be necessary
to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors, employees, agents,
representatives and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney,
accountant or agent in connection with such registration statement and disposition of such Registrable Securities pursuant thereto;

 

(xi)            
take all reasonable actions to ensure that any Free Writing Prospectus utilized in connection with any offer and sale of
Registrable Securities pursuant to any Demand Registration (including any Shelf Registration) or Piggyback Registration 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;

 

(xii)          
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, an earnings statement covering the period of at least twelve months
beginning with the first day of the Company’s first full calendar quarter after the effective date of the registration statement,
which earnings statement shall satisfy the provisions of Section 10(a) of the Securities Act and Rule 158 under the Securities
Act;

 

(xiii)        
permit any holder of Registrable Securities which holder, in its sole and exclusive judgment, might be deemed to be an underwriter
or a controlling person of the Company, in each case, within the meaning of the Securities Act in connection with any offer and
sale thereof, to participate in the preparation of such registration or comparable statement and to allow such holder to provide
language for insertion therein, in form and substance satisfactory to the Company, which in the reasonable judgment of such holder
and its counsel should be included;

 

(xiv)        
in the event of the issuance of any stop order suspending the effectiveness of a registration statement, or the issuance
of any order suspending or preventing the use of any related prospectus or suspending the registration or qualification of any
Class A Shares included in such registration statement for sale in any jurisdiction, use reasonable best efforts promptly to obtain
the withdrawal of such order;

 

    	- 17 -

    	 

    

(xv)          
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 sellers thereof
to consummate the disposition of such Registrable Securities;

 

(xvi)        
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), if applicable,
representing securities to be sold under the registration statement, or the removal of any restrictive legends associated with
any account at which such securities are held and enable such securities to be in such denominations and registered in such names
as the managing underwriter, or agent, if any, or such holders may request;

 

(xvii)      
cooperate with each holder of Registrable Securities covered by the registration statement 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;

 

(xviii)    
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 the methods of distribution for the Registrable Securities;

 

(xix)        
use its reasonable best efforts to obtain one or more cold comfort letters from the Company’s independent public accountants
in customary form and covering such matters of the type customarily covered by cold comfort letters as any underwriters or agents,
if any, or the holders of a majority of the Registrable Securities being sold reasonably request;

 

(xx)          
use its reasonable best efforts to provide a legal opinion of the Company’s outside counsel, dated the effective date
of such registration statement and, if such registration includes an underwritten Public Offering, dated the date of the closing
under the underwriting agreement, in each case, in customary form and covering such matters of the type customarily covered by
legal opinions of such nature, which opinion shall be addressed to the underwriters and the holders of such Registrable Securities;

 

(xxi)        
if the Company files an Automatic Shelf Registration Statement covering any Registrable Securities, use its 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;

 

    	- 18 -

    	 

    

(xxii)      
if the Company does not pay the filing fee covering the Registrable Securities at the time an Automatic Shelf Registration
Statement is filed, pay such fee at such time or times as the Registrable Securities are to be sold; and

 

(xxiii)    
if an Automatic Shelf Registration Statement has been outstanding for at least three (3) years, at the end of the third
year, refile a new Automatic Shelf Registration Statement covering the Registrable Securities, and, if at any time when the Company
is required to re-evaluate its WKSI status the Company determines that it is not a WKSI, use its best efforts to refile the Shelf
Registration Statement on Form S-3 and, if such form is not available, Form S-1 and keep such registration statement effective
(including by filing a new Shelf Registration Statement, if necessary) until the earlier of (A) the date on which all Registrable
Securities covered by such Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement and (B) the
date as of which there are no longer any Registrable Securities covered by such Shelf Registration Statement in existence.

 

(b)   
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 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.

 

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

 

(d)   
If an Investor or any of its Affiliates 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.

 

Section
6.    Registration Expenses.

 

(a)   
The Company’s Obligation. All expenses incident to the Company’s performance of or compliance
with this Agreement (including, without limitation, all registration, qualification and filing fees, fees and expenses of compliance
with securities or blue sky laws, printing expenses, messenger and delivery expenses, fees and disbursements of custodians, and
fees and disbursements of counsel for the Company and all independent certified public accountants, underwriters (excluding underwriting
discounts and commissions) and other Persons retained by the Company) (all such expenses being herein called “Registration
Expenses”), shall be borne as provided in this Agreement, except that the Company shall, in any event, pay its internal
expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting
duties), the expense of any annual audit or quarterly review, the expense of any liability insurance and the expenses and fees
for listing the securities to be registered on each securities exchange on which similar securities issued by the Company are
then listed. Each Person that sells securities pursuant to a Demand Registration, Shelf Offering or Piggyback Registration hereunder
shall bear and pay all underwriting discounts and commissions applicable to the securities sold for such Person’s account.

 

    	- 19 -

    	 

    

(b)  
Counsel Fees and Disbursements. In connection with each Demand Registration, each Piggyback Registration
and each Shelf Offering that is an underwritten offering, the Company shall reimburse the holders of Registrable Securities included
in such registration for the reasonable fees and disbursements of counsel retained by the holders of a majority of the Registrable
Securities in connection with any underwritten Demand Registration, Piggyback Registration or Shelf Offering.

 

(c)   
Security Holders. To the extent Registration Expenses are not required to be paid by the Company, each holder
of securities included in any registration hereunder shall pay those Registration Expenses allocable to the registration of such
holder’s securities so included, and any Registration Expenses not so allocable shall be borne by all sellers of securities
included in such registration in proportion to the aggregate selling price of the securities to be so registered.

 

Section
7.    Indemnification and Contribution.

 

(a)   
By the Company. The Company shall indemnify and hold harmless, to the extent permitted by law, each holder
of Registrable Securities, such holder’s members, managers, officers, directors, employees, agents and representatives,
and each Person who controls such holder (within the meaning of the Securities Act) (the “Indemnified Parties”)
against all losses, claims, actions, damages, liabilities and expenses (including with respect to actions or proceedings, whether
commenced or threatened, and including reasonable attorney fees and expenses) caused by, resulting from, arising out of, based
upon or related to any of the following statements, omissions or violations (each a “Violation”) by the Company:
(i) any untrue or alleged untrue statement of material fact contained in (A) any registration statement, prospectus, preliminary
prospectus or Free Writing Prospectus, or any amendment thereof or supplement thereto or (B) any application or other document
or communication (in this Section 7, collectively called an “application”) executed by or on behalf
of the Company or based upon written information furnished by or on behalf of the Company filed in any jurisdiction in order to
qualify any securities covered by such registration under the securities laws thereof, (ii) any omission or alleged omission
of a material fact required to be stated therein or necessary to make the statements therein not misleading or (iii) any
violation or alleged violation by the Company of the Securities Act or any other similar federal or state securities laws or any
rule or regulation promulgated thereunder applicable to the Company and relating to action or inaction required of the Company
in connection with any such registration, qualification or compliance. In addition, the Company will reimburse such Indemnified
Party for any legal or any other expenses reasonably incurred by them in connection with investigating or defending any such losses.
Notwithstanding the foregoing, the Company shall not be liable in any such case to the extent that any such losses result from,
arise out of, are based upon, or relate to an untrue statement or alleged untrue statement, or omission or alleged omission, made
in any registration statement, any prospectus, preliminary prospectus or Free Writing Prospectus or any amendment or supplement
thereto, or in any application, in reliance upon, and in conformity with, written information prepared and furnished in writing
to the Company by or on behalf of such holder of Registrable Securities expressly for use therein or by such holder’s failure
to deliver a copy of the registration statement or prospectus or any amendments or supplements thereto (if the same was required
by applicable law to be so delivered) after the Company has furnished such holder with a sufficient number of copies of the same
prior to any written confirmation of the sale of Registrable Securities. In connection with an underwritten Public Offering, the
Company shall indemnify the underwriters for such Public Offering, their officers and directors, and each Person who controls
such underwriters (within the meaning of the Securities Act) to the same extent as provided above with respect to the indemnification
of the Indemnified Parties.

 

    	- 20 -

    	 

    

(b)  
By Each Security Holder. In connection with any offering or distribution of Registrable Securities pursuant
to a registration statement in which a holder of Registrable Securities is participating, each such holder shall furnish to the
Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such registration
statement or prospectus and, to the extent permitted by law, shall indemnify the Company, its officers, directors, employees and
each Person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities
and expenses resulting from any untrue or alleged untrue statement of material fact contained in the registration statement, prospectus
(including a preliminary prospectus) or any amendment thereof or supplement thereto or any omission or alleged omission of a material
fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such
untrue statement or omission is contained in any information or affidavit so furnished in writing by such holder; provided
that the obligation to indemnify shall be individual, not joint and several, for each holder and shall be limited to the net
amount of proceeds received by such holder from the sale of Registrable Securities pursuant to such registration statement.

 

(c)   
Claim Procedure. Any Person entitled to indemnification hereunder shall (i) give prompt written notice to
the indemnifying party of any claim with respect to which it seeks indemnification (provided that the failure to give prompt
notice shall impair any Person’s right to indemnification hereunder only to the extent such failure has prejudiced the indemnifying
party) and (ii) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and
indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim
with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not be
subject to any liability for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably
withheld, conditioned or delayed). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim
shall not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying
party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist
between such indemnified party and any other of such indemnified parties with respect to such claim. In such instance, the conflicted
indemnified parties shall have a right to retain one separate counsel, chosen by the holders of a majority of the Registrable
Securities included in the registration if such holders are indemnified parties, at the expense of the indemnifying party.

 

    	- 21 -

    	 

    

(d)  
Contribution. If the indemnification provided for in this Section 7 is held by a court of competent
jurisdiction to be unavailable to, or is insufficient to hold harmless, an indemnified party or is otherwise unenforceable with
respect to any loss, claim, damage, liability or action referred to herein, then the indemnifying party shall contribute to the
amounts paid or payable by such indemnified party as a result of such loss, claim, damage, liability or action in such proportion
as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the
other hand in connection with the statements or omissions which resulted in such loss, claim, damage, liability or action as well
as any other relevant equitable considerations; provided that the maximum amount of liability in respect of such contribution
shall be limited, in the case of each seller of Registrable Securities, to an amount equal to the net proceeds actually received
by such seller from the sale of Registrable Securities effected pursuant to such registration. The relative fault of the indemnifying
party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party
or by the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct
or prevent such statement or omission. The parties hereto agree that it would not be just or equitable if the contribution pursuant
to this Section 7(d) were to be determined by pro rata allocation or by any other method of allocation that does not take
into account such equitable considerations. The amount paid or payable by an indemnified party as a result of the losses, claims,
damages, liabilities or expenses referred to herein shall be deemed to include any legal or other expenses reasonably incurred
by such indemnified party in connection with investigating or defending against any action or claim which is the subject hereof.
No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled
to contribution from any Person who is not guilty of such fraudulent misrepresentation.

 

(e)   
Release. No indemnifying party shall, except with the consent of the indemnified party, consent to the entry
of any judgment or enter into any settlement that does not include as an unconditional term thereof giving by the claimant or
plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

 

(f)   
Non-exclusive Remedy; Survival. The indemnification and contribution provided for under this Agreement shall
be in addition to any other rights to indemnification or contribution that any indemnified party may have pursuant to law or contract
and shall remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party or any
officer, director or controlling Person of such indemnified party and shall survive the transfer of Registrable Securities and
the termination or expiration of this Agreement.

 

    	- 22 -

    	 

    

Section
8.    Underwritten Offerings. No Person
may participate in any underwritten offering pursuant to a registration statement filed hereunder unless such Person (i) agrees
to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Person or Persons
entitled hereunder to select and approve the underwriters for such offering (including, without limitation, pursuant to any over-allotment
or “green shoe” option requested by the underwriters; provided that no holder of Registrable Securities shall
be required to sell more than the number of Registrable Securities such holder has requested to include) and (ii) completes and
executes all questionnaires, powers of attorney, custody agreements, indemnities, underwriting agreements and other documents
required under the terms of such underwriting arrangements; provided that no holder of Registrable Securities included
in any such underwritten offering shall be required to make any representations or warranties to the Company or the underwriters
(other than representations and warranties regarding such holder and such holder’s intended method of distribution) or to
undertake any indemnification obligations to the Company or the underwriters with respect thereto that are materially more burdensome
than those provided in Section 7. Each holder of Registrable Securities shall execute and deliver such other agreements
as may be reasonably requested by the Company and the lead managing underwriter(s) that are consistent with such holder’s
obligations under Section 4, Section 5 and this Section 8 or that are necessary to give further effect thereto.
To the extent that any such agreement is entered into pursuant to, and consistent with, Section 4 and this Section 8,
the respective rights and obligations created under such agreement shall supersede the respective rights and obligations of the
holders, the Company and the underwriters created pursuant to this Section 8.

 

Section
9.    Additional Parties; Joinder.
Subject to the prior written consent of the holders of a majority of the Registrable Securities, the Company may permit any Person
who acquires Class A Shares or rights to acquire Class A Shares from the Company (including, without limitation, Class A Shares
that are issuable by means of an exchange of LLC Units and Class B Shares by such Person pursuant to the terms of the LLC Agreement
and the Exchange Agreement) after the date hereof to become a party to this Agreement and to succeed to all of the rights and
obligations of a “holder of Registrable Securities” under this Agreement by obtaining an executed joinder to this
Agreement from such Person in the form of Exhibit A attached hereto (a “Joinder”). Upon the execution
and delivery of a Joinder by such Person, the Class A Shares or rights to acquire Class A Shares acquired by such Person (the
“Acquired Class A Shares”) shall be Registrable Securities and such Person shall be a “holder of Registrable
Securities” under this Agreement with respect to the Acquired Class A Shares.

 

Section
10.  Current Public Information. At all times after the Company has filed a registration statement with the SEC pursuant
to the requirements of either the Securities Act or the Exchange Act, the Company shall file all reports required to be filed
by it under the Securities Act and the Exchange Act and shall take such further action as any holder or holders of Registrable
Securities may reasonably request, all to the extent required to enable such holders to sell Registrable Securities pursuant to
Rule 144 (but only to the extent Rule 144 is available to such holder of Registrable Securities with respect to any such sale
of Registrable Securities to the public) or pursuant to such registration statement. Upon request, the Company shall deliver to
any holder of Restricted Securities a written statement as to whether it has complied with such requirements.

 

    	- 23 -

    	 

    

Section
11.  Subsidiary Public Offering. If, after an initial Public Offering of the Capital Stock of one of its Subsidiaries,
the Company distributes securities of such Subsidiary to its equity holders, then the rights and obligations of the Company pursuant
to this Agreement shall apply, mutatis mutandis, to such Subsidiary, and the Company shall cause such Subsidiary to comply
with such Subsidiary’s obligations under this Agreement.

 

Section
12.  Transfer of Registrable Securities.

 

(a)   
Restrictions on Transfers. Notwithstanding anything to the contrary contained herein, except in the case
of (i) a transfer to the Company or a Subsidiary, (ii) a transfer by any Investor to its shareholders or members, as
applicable, or its Affiliates, (iv) a Public Offering, (v) a sale pursuant to Rule 144 after the completion of the IPO or
(vi) a transfer in connection with a Sale of the Company (clauses (i) through (v), collectively, the “Exempted
Transfers”), prior to transferring any Registrable Securities to any Person (including, without limitation, by operation
of law), the transferring holder shall cause the prospective transferee to execute and deliver to the Company a Joinder agreeing
to be bound by the terms of this Agreement. Any transferee of Registrable Securities made pursuant to any of the Exempted Transfers
shall be deemed to be a holder of Registrable Securities that are entitled to the rights under this Agreement. Any transfer or
attempted transfer of any Registrable Securities in violation of any provision of this Agreement shall be void, and the Company
shall not record such transfer on its books or treat any purported transferee of such Registrable Securities as the owner thereof
for any purpose. For the avoidance of doubt, no such purported transferee shall be deemed to be a holder of Registrable Securities
that are entitled to any rights under this Agreement.

 

(b)  
Legend. Any certificate evidencing any Registrable Securities and any certificate issued in exchange for
or upon the transfer of any Registrable Securities (unless such Registrable Securities would no longer be Registrable Securities
after such transfer) or any account at which such Registrable Securities are held shall be stamped or otherwise designated with
a legend in substantially the following form:

 

“THE SECURITIES REPRESENTED BY
THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND OTHER PROVISIONS SET FORTH IN A REGISTRATION RIGHTS AGREEMENT DATED
AS OF _________ __, 2016 AMONG THE ISSUER OF SUCH SECURITIES (THE “COMPANY”) AND CERTAIN OF THE COMPANY’S STOCKHOLDERS,
AS AMENDED. A COPY OF SUCH REGISTRATION RIGHTS AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON
WRITTEN REQUEST.”

 

The Company shall imprint or otherwise
designate such legend on any certificates evidencing Registrable Securities outstanding or any account at which such Registrable
Securities are held prior to the date hereof. The legend set forth above shall be removed from the certificates evidencing any
securities that have ceased to be Registrable Securities or any account at which such securities are held, as applicable. Unless
such securities that have ceased to be Registrable Securities have been delegended pursuant to Section 5(a)(xvi), the Company
shall cooperate with the holders of such securities to (i) facilitate the timely preparation and delivery of certificates not bearing
any restrictive legends representing such securities or the removal of any restrictive legends associated with any account at which
such securities are held, as applicable, and (ii) if applicable, enable such securities to be in such denominations and registered
in such names as the holders may request.

 

    	- 24 -

    	 

    

Section
13.  General Provisions.

 

(a)   
Amendments and Waivers. Except as otherwise provided herein, the provisions of this Agreement may be amended,
modified or waived only with the prior written consent of the Company and the holders of a majority of the Registrable Securities;
provided that no such amendment, modification or waiver that would materially and adversely affect a holder or group of
holders of Registrable Securities in a manner materially different than any other holder or group of holders of Registrable Securities
(other than amendments and modifications required to implement the provisions of Section 9), shall be effective against
such holder or group of holders of Registrable Securities without the consent of the holders of a majority of the Registrable
Securities that are held by the group of holders that is materially and adversely affected thereby. The failure or delay of any
Person to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall
not affect the right of such Person thereafter to enforce each and every provision of this Agreement in accordance with its terms.
A waiver or consent to or of any breach or default by any Person in the performance by that Person of his, her or its obligations
under this Agreement shall not be deemed to be a consent or waiver to or of any other breach or default in the performance by
that Person of the same or any other obligations of that Person under this Agreement.

 

(b)  
Remedies. The parties to this Agreement shall be entitled to enforce their rights under this Agreement specifically
(without posting a bond or other security), to recover damages caused by reason of any breach of any provision of this Agreement
and to exercise all other rights existing in their favor. The parties hereto agree and acknowledge that a breach of this Agreement
would cause irreparable harm and money damages would not be an adequate remedy for any such breach and that, in addition to any
other rights and remedies existing hereunder, any party shall be entitled to specific performance and/or other injunctive relief
from any court of law or equity of competent jurisdiction (without posting any bond or other security) in order to enforce or
prevent violation of the provisions of this Agreement.

 

(c)   
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited, invalid, illegal
or unenforceable in any respect under any applicable law or regulation in any jurisdiction, such prohibition, invalidity, illegality
or unenforceability shall not affect the validity, legality or enforceability of any other provision of this Agreement in such
jurisdiction or in any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as
if such prohibited, invalid, illegal or unenforceable provision had never been contained herein.

 

(d)  
Entire Agreement. Except as otherwise provided herein, this Agreement contains the complete agreement and
understanding among the parties hereto with respect to the subject matter hereof and supersedes and preempts any prior understandings,
agreements or representations by or among the parties hereto, written or oral, which may have related to the subject matter hereof
in any way.

 

    	- 25 -

    	 

    

(e)   
Successors and Assigns. Except as otherwise provided herein and subject to Section 12(a), this Agreement
shall bind and inure to the benefit and be enforceable by the Company and its successors and assigns and the holders of Registrable
Securities and their respective successors and permitted assigns (whether so expressed or not). In addition, whether or not any
express assignment has been made, the provisions of this Agreement which are for the benefit of purchasers or holders of Registrable
Securities are also for the benefit of, and enforceable by, any subsequent holder of Registrable Securities who hold such Registrable
Securities pursuant to a transfer made in accordance with this Agreement.

 

(f)   
Notices. Any notice, demand or other communication to be given under or by reason of the provisions of this
Agreement shall be in writing and shall be deemed to have been given (i) when delivered personally to the recipient, (ii) when
sent by confirmed electronic mail if sent during normal business hours of the recipient; but if not, then on the next business
day, (iii) one business day after it is sent to the recipient by reputable overnight courier service (charges prepaid) or
(iv) three business days after it is mailed to the recipient by first class mail, return receipt requested. Such notices,
demands and other communications shall be sent to the Company at the address specified below and to any holder of Registrable
Securities or to any other party subject to this Agreement at such address set forth for such holder in the records of the Company,
or at such address or to the attention of such other Person as the recipient party has specified by prior written notice to the
sending party. Any party may change such party’s address for receipt of notice by giving prior written notice of the change
to the sending party as provided herein. The Company’s address is:

 

OTG EXP, Inc. 

335 West Butler Avenue,
Suite 120 

Chalfont, Pennsylvania
18914 

Attn: General Counsel

 

With a copy to:

 

Kirkland & Ellis
LLP 

601 Lexington Avenue 

New York, New York
10022 

Attn: Richard Aftanas,
P.C.

 

or to such other address or to the attention
of such other person as the recipient party has specified by prior written notice to the sending party.

 

(g)  
Business Days. If any time period for giving notice or taking action hereunder expires on a day that is not
a business day, the time period shall automatically be extended to the business day immediately following such Saturday, Sunday
or legal holiday.

 

(h)  
Governing Law. The corporate law of the State of Delaware shall govern all issues and questions concerning
the relative rights of the Company and its stockholders. All other issues and questions concerning the construction, validity,
interpretation and enforcement of this Agreement and the exhibits and schedules hereto shall be governed by, and construed in
accordance with, the laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions
(whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction
other than the State of Delaware.

 

    	- 26 -

    	 

    

(i)    
MUTUAL WAIVER OF JURY TRIAL. AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO
ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES TO THE FULLEST
EXTENT OF APPLICABLE LAW THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THIS AGREEMENT
OR THE MATTERS CONTEMPLATED HEREBY.

 

(j)    
CONSENT TO JURISDICTION AND SERVICE OF PROCESS. EACH OF THE PARTIES IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE
JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE District of Delaware or any Delaware
State Court, FOR THE PURPOSES OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED AGREEMENT
OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. EACH OF THE PARTIES HERETO FURTHER AGREES THAT SERVICE OF ANY PROCESS, SUMMONS,
NOTICE OR DOCUMENT BY U.S. REGISTERED MAIL TO SUCH PARTY’S RESPECTIVE ADDRESS SET FORTH HEREIN SHALL BE EFFECTIVE SERVICE
OF PROCESS FOR ANY ACTION, SUIT OR PROCEEDING WITH RESPECT TO ANY MATTERS TO WHICH IT HAS SUBMITTED TO JURISDICTION IN THIS PARAGRAPH.
EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION TO THE LAYING OF VENUE OF ANY ACTION, SUIT OR
PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY IN THE UNITED
STATES DISTRICT COURT FOR THE District of Delaware, AND HEREBY AND THEREBY FURTHER
IRREVOCABLY AND UNCONDITIONALLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION, SUIT OR PROCEEDING
BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

(k)  
No Recourse. Notwithstanding anything to the contrary in this Agreement, the Company and each holder of Registrable
Securities agrees and acknowledges that no recourse under this Agreement or any documents or instruments delivered in connection
with this Agreement, shall be had against any current or future director, officer, employee, general or limited partner or member
of any holder of Registrable Securities or of any Affiliate or assignee thereof, whether by the enforcement of any assessment
or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, it being expressly agreed
and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current
or future officer, agent or employee of any holder of Registrable Securities or any current or future member of any holder of
Registrable Securities or any current or future director, officer, employee, partner or member of any holder of Registrable Securities
or of any Affiliate or assignee thereof, as such for any obligation of any holder of Registrable Securities under this Agreement
or any documents or instruments delivered in connection with this Agreement for any claim based on, in respect of or by reason
of such obligations or their creation.

 

    	- 27 -

    	 

    

(l)    
Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience
only and do not constitute a part of this Agreement. The use of the word “including” in this Agreement shall be by
way of example rather than by limitation.

 

(m)
No Strict Construction. The language used in this Agreement shall be deemed to be the language chosen by the parties
hereto to express their mutual intent, and no rule of strict construction shall be applied against any party.

 

(n)  
Counterparts. This Agreement may be executed in multiple counterparts, any one of which need not contain
the signature of more than one party, but all such counterparts taken together shall constitute one and the same agreement.

 

(o)  
Electronic Delivery. This Agreement, the agreements referred to herein, and each other agreement or instrument
entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the
extent executed and delivered by means of a photographic, photostatic, facsimile, PDF or similar reproduction of such signed writing
using a facsimile machine or electronic mail shall be treated in all manner and respects as an original agreement or instrument
and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person.
At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall re-execute
original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise
the use of a facsimile machine or electronic mail to deliver a signature or the fact that any signature or agreement or instrument
was transmitted or communicated through the use of a facsimile machine or electronic mail as a defense to the formation or enforceability
of a contract and each such party forever waives any such defense.

 

(p)  
Further Assurances. In connection with this Agreement and the transactions contemplated hereby, each holder
of Registrable Securities shall execute and deliver any additional documents and instruments and perform any additional acts that
may be necessary or appropriate to effectuate and perform the provisions of this Agreement and the transactions contemplated hereby.

 

(q)  
No Inconsistent Agreements. The Company shall not hereafter enter into any agreement with respect to their
securities which is inconsistent with or violates the rights granted to the holders of Registrable Securities in this Agreement.

 

(r)    
Adjustments Affecting Registrable Securities. The Company shall not take any action, or permit any change
to occur, with respect to its securities which would materially and adversely affect the ability of the holders of Registrable
Securities to include such Registrable Securities in a registration undertaken pursuant to this Agreement or which would materially
and adversely affect the marketability of such Registrable Securities in any such registration (including, without limitation,
effecting a stock split or a combination of shares).

 

* * * * *

 

    	- 28 -

    	 

    

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

 

	 	OTG EXP, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	OTG MANAGEMENT, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	OTG CONSOLIDATED HOLDINGS, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

EXHIBIT A

 

REGISTRATION RIGHTS AGREEMENT

 

Joinder

 

The undersigned is executing
and delivering this Joinder pursuant to the Registration Rights Agreement dated as of ____________, 2016 (as the same may hereafter
be amended, the “Agreement”), among OTG EXP, Inc., a Delaware corporation (the “Company”),
and the other parties thereto. Capitalized terms used herein but not otherwise defined shall have the meanings set forth in the
Agreement.

 

By executing and delivering
this Joinder to the Company, the undersigned hereby agrees to become a party to, to be bound by, and to comply with the provisions
of the Agreement as a holder of Registrable Securities in the same manner as if the undersigned were an original signatory to the
Agreement, and the undersigned’s [____ Class A Shares] [and] [____ LLC Units and corresponding number of Class B Shares that
may be exchanged for Class A Shares pursuant to the terms of the LLC Agreement and the Exchange Agreement] shall be included as
Registrable Securities under the Agreement.

 

* * * * *

 

    	A-1

    	 

    

IN WITNESS WHEREOF, the
undersigned has executed this Joinder to the Registration Rights Agreement as of the date first written above.

 

	 	[                          ]
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 

 

[Signature Page to Joinder to Registration
Rights Agreement]

 

    	 

    	 

    

Agreed and Accepted as of

 

____________, ____.

 

	OTG EXP, Inc.	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

[Signature Page to Joinder to Registration
Rights Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]