Document:

EX-4.3

 Exhibit 4.3 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT dated October 7, 2020 (this “Agreement”) is entered into by and among Cedar Fair,
L.P., a Delaware limited partnership (“Cedar Fair”), Canada’s Wonderland Company, a Nova Scotia, unlimited liability company (“Cedar Canada”), Millennium Operations LLC, a Delaware limited liability company
(“Millennium Operations”), Magnum Management Corporation, an Ohio Corporation (“Magnum Management” and, together with Cedar Fair, Cedar Canada and Millennium Management, the “Issuers”), the
guarantors listed in Schedule 1 hereto (the “Guarantors”), and J.P. Morgan Securities LLC, as representative (“JPMorgan”) for itself and Wells Fargo Securities, LLC, KeyBanc Capital Markets Inc., Fifth Third
Securities, Inc. and Huntington Securities, Inc. (collectively, the “Initial Purchasers”). 
 The Issuers, the Guarantors
and the Initial Purchasers are parties to the Purchase Agreement dated October 1, 2020 (the “Purchase Agreement”), which provides for the sale by the Issuers to the Initial Purchasers of $300,000,000 aggregate principal amount
of the Issuers’ 6.500% Senior Notes due 2028 (the “Securities”), which will be guaranteed on an unsecured senior basis by each of the Guarantors. As an inducement to the Initial Purchasers to enter into the Purchase Agreement,
the Issuers and the Guarantors have agreed to provide to the Initial Purchasers and their direct and indirect transferees the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the closing
under the Purchase Agreement. 
 In consideration of the foregoing, the parties hereto agree as follows: 

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

“Additional Guarantor” shall mean any subsidiary of any Issuer that executes a Subsidiary Guarantee under the
Indenture after the date of this Agreement. 
 “Business Day” shall mean any day that is not a Saturday, Sunday or
other day on which commercial banks in New York City are authorized or required by law to remain closed. 
 “Cedar
Fair” shall have the meaning set forth in the preamble hereof. 
 “Cedar Canada” shall have the meaning set
forth in the preamble hereof. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from
time to time. 
 “Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof. 

“Exchange Offer” shall mean the exchange offer by the Issuers and the Guarantors of Exchange Securities for
Registrable Securities pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration” shall mean a
registration under the Securities Act effected pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration
Statement” shall mean an exchange offer registration statement on Form S-4 (or, if applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each case
including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

 “Exchange Securities” shall mean senior notes issued by the
Issuers and guaranteed by the Guarantors under the Indenture containing terms identical to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or to any increase in annual interest rate for failure to
comply with this Agreement) and to be offered to Holders of Securities in exchange for Securities pursuant to the Exchange Offer. 

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

“Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the Securities Act)
prepared by or on behalf of the Issuers or used or referred to by the Issuers in connection with the sale of the Securities or the Exchange Securities. 

“Guarantors” shall have the meaning set forth in the preamble and shall also include any Guarantor’s successors
and any Additional Guarantors. 
 “Holders” shall mean the Initial Purchasers, for so long as they own any
Registrable Securities, and each of their successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that for purposes of Sections 4 and 5 of this Agreement, the term
“Holders” shall include Participating Broker-Dealers. 
 “Indemnified Person” shall have the meaning set
forth in Section 5(c) hereof. 
 “Indemnifying Person” shall have the meaning set forth in Section 5(c)
hereof. 
 “Indenture” shall mean the Indenture relating to the Securities dated as of October 7, 2020 among
the Issuers, the Guarantors and The Bank of New York Mellon, as trustee, and as the same may be amended from time to time in accordance with the terms thereof. 

“Initial Purchasers” shall have the meaning set forth in the preamble. 

“Inspector” shall have the meaning set forth in Section 3(a)(xiv) hereof. 

“Issue Date” shall mean October 7, 2020. 

“Issuer Information” shall have the meaning set forth in Section 5(a) hereof. 

“Issuers” shall have the meaning set forth in the preamble and shall also include each Issuer’s successors. 

“JPMorgan” shall have the meaning set forth in the preamble hereof. 

“Magnum Management” shall have the meaning set forth in the preamble hereof. 

“Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding
Registrable Securities; provided that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, any Registrable Securities owned directly or indirectly by the Issuers or any of
their respective affiliates shall not be counted in determining whether such consent or approval was given by the 

  
 -2- 

 
Holders of such required percentage or amount; and provided, further, that if the Issuers shall issue any additional Securities under the Indenture prior to consummation of the Exchange
Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable Securities to which this Agreement relates shall be treated together as one class for purposes of determining whether the
consent or approval of Holders of a specified percentage of Registrable Securities has been obtained. 
 “Millennium
Operations” shall have the meaning set forth in the preamble hereof. 
 “Participating Broker-Dealers” shall
have the meaning set forth in Section 4(a) hereof. 
 “Person” shall mean an individual, partnership, limited
liability company, corporation, trust or unincorporated organization, or a government or agency or political subdivision thereof. 

“Prospectus” shall mean the prospectus included in, or, pursuant to the rules and regulations of the Securities Act,
deemed a part of, a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including a prospectus supplement with respect to the terms of the offering of any
portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including any document incorporated by reference therein. 

“Purchase Agreement” shall have the meaning set forth in the preamble. 

“Registrable Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable
Securities (i) when a Registration Statement with respect to such Securities has become effective under the Securities Act and such Securities have been exchanged or disposed of pursuant to such Registration Statement, (ii) on the second
anniversary of the Issue Date or (iii) when such Securities cease to be outstanding. 
 “Registration
Expenses” shall mean any and all expenses incident to performance of or compliance by the Issuers and the Guarantors with this Agreement, including without limitation: (i) all SEC, stock exchange or FINRA registration and filing fees,
(ii) all fees and expenses incurred in connection with compliance with state securities or blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters or Holders in connection with blue sky qualification of any
Exchange Securities or Registrable Securities), (iii) all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus, any Free Writing Prospectus and any
amendments or supplements thereto, any underwriting agreements, securities sales agreements or other similar agreements and any other documents relating to the performance of and compliance with this Agreement, (iv) all rating agency fees,
(v) all fees and disbursements relating to the qualification of the Indenture under applicable securities laws, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the
Issuers and the Guarantors and, in the case of a Shelf Registration Statement, the reasonable fees and disbursements of one counsel for the Holders (which counsel shall be selected by the Majority Holders and which counsel may also be counsel for
the Initial Purchasers, and if not counsel for the Initial Purchasers, such counsel shall be subject to Cedar Fair’s reasonable approval) and (viii) the fees and disbursements of the independent public accountants of the Issuers and the
Guarantors, including the expenses of any special audits or “comfort” letters required by or incident to the performance of and compliance with this Agreement, but excluding fees and expenses of counsel to the Underwriters (other than fees
and expenses set forth in clause (ii) above) or the Holders and underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder. 

  
 -3- 

 “Registration Statement” shall mean any registration statement of
the Issuers and the Guarantors that covers any of the Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement and all amendments and supplements to any such registration statement, including post-effective
amendments, in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

“SEC” shall mean the United States Securities and Exchange Commission. 

“Securities” shall have the meaning set forth in the preamble. 

“Securities Act” shall mean the Securities Act of 1933, as amended from time to time. 

“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 

“Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Issuers and the
Guarantors that covers all or a portion of the Registrable Securities (but no other securities unless approved by a majority in aggregate principal amount of the Holders whose Registrable Securities are to be covered by such Shelf Registration
Statement) on an appropriate form under Rule 415 under the Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case
including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

“Shelf Request” shall have the meaning set forth in Section 2(b) hereof. 

“Subsidiary Guarantees” shall mean the guarantees of the Securities and Exchange Securities by the Guarantors under
the Indenture. 
 “Staff” shall mean the staff of the SEC. 

“Target Registration Date” shall have the meaning set forth in Section 2(d) hereof. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to time. 

“Trustee” shall mean the trustee with respect to the Securities under the Indenture. 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof. 

“Underwritten Offering” shall mean an offering in which Registrable Securities are sold to an Underwriter for
reoffering to the public. 

  
 -4- 

 2.    Registration Under the Securities Act. 

(a)    To the extent not prohibited by any applicable law or applicable interpretations of the Staff, the Issuers and the
Guarantors shall use their commercially reasonable efforts to (i) cause to be filed an Exchange Offer Registration Statement covering an offer to the Holders to exchange all the Registrable Securities for Exchange Securities, (ii) have
such Registration Statement remain effective until 180 days after the last Exchange Date for use by one or more Participating Broker Dealers and (iii) cause such Registration Statement to become effective at the earliest possible time under the
Securities Act. The Issuers and the Guarantors shall commence the Exchange Offer promptly after the Exchange Offer Registration Statement is declared effective by the SEC and use their commercially reasonable efforts to complete the Exchange Offer
not later than 60 days after such effective date. 
 The Issuers and the Guarantors shall commence the Exchange Offer by mailing the related
Prospectus, appropriate letters of transmittal and other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law, substantially the following: 

(i)    that the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities
validly tendered and not properly withdrawn will be accepted for exchange; 
 (ii)    the dates of
acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is mailed) (the “Exchange Dates”); 

(iii)    that any Registrable Security not tendered will remain outstanding and continue to accrue interest
but will not retain any rights under this Agreement, except as otherwise specified herein; 

(iv)    that any Holder electing to have a Registrable Security exchanged pursuant to the Exchange Offer
will be required to (A) surrender such Registrable Security, together with the appropriate letters of transmittal, to the institution and at the address (located in the Borough of Manhattan, The City of New York) and in the manner specified in
the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such Registrable Security, in each case prior to the close of business on the last Exchange Date; and 

(v)    that any Holder will be entitled to withdraw its election, not later than the close of business on
the last Exchange Date, by (A) sending to the institution and at the address (located in the Borough of Manhattan, The City of New York) specified in the notice, a telegram, telex, facsimile transmission or letter setting forth the name of such
Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is withdrawing its election to have such Securities exchanged or (B) effecting such withdrawal in compliance with the applicable
procedures of the depositary for the Registrable Securities. 
 As a condition to participating in the Exchange Offer, a Holder will be
required to represent to the Issuers and the Guarantors that (i) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (ii) at the time of the commencement of the Exchange Offer it has no
arrangement or understanding with any Person to participate in the distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (iii) it is not an “affiliate”
(within the meaning of Rule 405 under the Securities Act) of the Issuers or any Guarantor and (iv) if such Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable Securities that were
acquired as a result of market-making or other trading activities, then such Holder will deliver a Prospectus (or, to the extent permitted by law, make available a Prospectus to purchasers) in connection with any resale of such Exchange Securities.

  
 -5- 

 As soon as practicable after the last Exchange Date, the Issuers and the Guarantors shall:

 (i)    accept for exchange Registrable Securities or portions thereof validly tendered and not
properly withdrawn pursuant to the Exchange Offer; 
 (ii)    deliver, or cause to be delivered, to the
Trustee for cancellation all Registrable Securities or portions thereof so accepted for exchange by the Issuers and issue, and cause the Trustee to promptly authenticate; and 

(iii)    deliver to each Holder, Exchange Securities equal in principal amount to the principal amount of
the Registrable Securities tendered by such Holder. 
 The Issuers and the Guarantors shall use their commercially reasonable efforts to
complete the Exchange Offer as provided above and shall comply with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer shall not be
subject to any conditions, other than that the Exchange Offer does not violate any applicable law or applicable interpretations of the Staff. 

(b)    In the event that (i) the Issuers and the Guarantors determine that the Exchange Offer Registration provided
for in Section 2(a) above is not available or may not be completed as soon as practicable after the last Exchange Date because it would violate any applicable law or applicable interpretations of the Staff, (ii) the Exchange Offer is not
for any other reason completed on or before the date that is 450 days after the Issue Date, or (iii) upon receipt of a written request (a “Shelf Request”) from any Initial Purchaser representing that it holds Registrable Securities
that are or were ineligible to be exchanged in the Exchange Offer, the Issuers and the Guarantors shall use their commercially reasonable efforts to cause to be filed as soon as practicable after such determination date or Shelf Request, as the case
may be, a Shelf Registration Statement providing for the sale of all the Registrable Securities by the Holders thereof and to have such Shelf Registration Statement become effective. 

In the event that the Issuers and the Guarantors are required to file a Shelf Registration Statement pursuant to clause (iii) of the
preceding sentence, the Issuers and the Guarantors shall use their commercially reasonable efforts to file and have become effective both an Exchange Offer Registration Statement pursuant to Section 2(a) with respect to all Registrable
Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement) with respect to offers and sales of Registrable Securities held by the Initial Purchasers after completion
of the Exchange Offer. 
 The Issuers and the Guarantors agree to use their reasonable best efforts to keep the Shelf Registration Statement
continuously effective until the earlier of (i) the second anniversary of the Issue Date and (ii) the date when all of the Registrable Securities are registered under such Shelf Registration Statement and have been resold pursuant to it or
pursuant to Securities Act Rule 144 (the “Shelf Effectiveness Period”). The Issuers and the Guarantors further agree to supplement or amend the Shelf Registration Statement, the related Prospectus and any Free Writing Prospectus if
required by the rules, regulations or instructions applicable to the registration form used by the Issuers and the Guarantors for such Shelf Registration Statement or by the Securities Act or by any other rules and regulations thereunder or if
reasonably requested by a Holder of Registrable Securities with respect to information relating to such Holder, and to use their reasonable best efforts to cause any such amendment to become effective, if required, and such Shelf Registration
Statement, Prospectus or Free Writing Prospectus, as the case may be, to become usable as soon as thereafter practicable. The Issuers and the Guarantors agree to furnish to the Holders of Registrable Securities copies of any such supplement or
amendment promptly after its being used or filed with the SEC. 

  
 -6- 

 (c)    The Issuers and the Guarantors shall pay all Registration
Expenses in connection with any registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or
disposition of such Holder’s Registrable Securities pursuant to the Shelf Registration Statement. 
 (d)    An
Exchange Offer Registration Statement pursuant to Section 2(a) hereof will not be deemed to have become effective unless it has been declared effective by the SEC. A Shelf Registration Statement pursuant to Section 2(b) hereof will not be
deemed to have become effective unless it has been declared effective by the SEC or is automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act. 

In the event that either the Exchange Offer is not completed on or before the date that is 450 days after the Issue Date or the Shelf
Registration Statement, if required hereby, does not become effective prior to the later of the date that is 450 days after the Issue Date and the date that is 90 days after the Issuers and the Guarantors are required to file a Shelf Registration
Statement pursuant to Section 2(b)(i) or 2(b)(ii) hereof (the “Target Registration Date”), or, in the event that the Issuers receive a Shelf Request pursuant to Section 2(b)(iii), and the Shelf Registration Statement
required to be filed thereby does not become effective by the later of (x) the Target Registration Date or (y) 90 days after delivery of the Shelf Request, in each such case the interest rate on the Registrable Securities will be increased by
0.25% per annum for the first 90-day period following the Target Registration Date and by an additional 0.25% per annum with respect to each subsequent 90-day period, up
to a maximum of 1.00% per annum until the earliest of the Exchange Offer being completed, the Shelf Registration Statement, if required hereby, becoming effective and the date on which all Securities cease to be Registrable Securities. 

If the Shelf Registration Statement, if required hereby, has become effective and thereafter either ceases to be effective or the Prospectus
contained therein ceases to be usable, in each case whether or not permitted by this Agreement, at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 45 days (whether or not
consecutive) in any 12-month period, then the interest rate on the Registrable Securities will be increased by 0.25% per annum commencing on the date of such default in such
12-month period for the first 90-day period following such date and by an additional 0.25% per annum with respect to each subsequent
90-day period, up to a maximum of 1.00% per annum, and ending on such date that the Shelf Registration Statement has again become effective or the Prospectus again becomes usable. 

(e)    Without limiting the remedies available to the Initial Purchasers and the Holders, the Issuers and the Guarantors
acknowledge that any failure by the Issuers or the Guarantors to comply with their obligations under Section 2(a) and Section 2(b) hereof may result in material irreparable injury to the Initial Purchasers or the Holders for which there is
no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain such relief as may be required to specifically enforce
the Issuers’ and the Guarantors’ obligations under Section 2(a) and Section 2(b) hereof. 
 The Issuers represent,
warrant and covenant that, in connection with the Exchange Offer, none of them (including their agents and representatives) will prepare, make, use, authorize, approve or refer to any Free Writing Prospectus other than any written communication
relating to or that contains solely the terms of the Exchange Offer and/or other information that was included in the Registration Statement. 

  
 -7- 

 3.    Registration Procedures. 

(a)    In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, each of the Issuers
and the Guarantors shall as expeditiously as possible: 
 (i)    prepare and file with the SEC a
Registration Statement on the appropriate form under the Securities Act, which form (x) shall be selected by the Issuers and the Guarantors, (y) shall, in the case of a Shelf Registration, be available for the sale of the Registrable
Securities by the Holders thereof and (z) shall comply as to form in all material respects with the requirements of the applicable form and include all financial statements required by the SEC to be filed therewith; and use their commercially
reasonable efforts to cause such Registration Statement to become effective and remain effective for the applicable period in accordance with Section 2 hereof; 

(ii)    prepare and file with the SEC such amendments and post-effective amendments to each Registration
Statement and file with the SEC any other required document as may be necessary to keep such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause each Prospectus to be supplemented by any
required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described in Section 4(3) and Rule 174 under the Securities Act that is
applicable to transactions by brokers or dealers with respect to the Registrable Securities or Exchange Securities; 

(iii)    to the extent any Free Writing Prospectus is used, file with the SEC any Free Writing Prospectus
that is required to be filed by the Issuers or the Guarantors with the SEC in accordance with the Securities Act and to retain any Free Writing Prospectus not required to be filed; 

(iv)    in the case of a Shelf Registration, furnish to each Holder of Registrable Securities, to counsel
for the Initial Purchasers, to counsel for such Holders and to each Underwriter of an Underwritten Offering of Registrable Securities, if any, without charge, as many copies of each Prospectus, preliminary prospectus or Free Writing Prospectus, and
any amendment or supplement thereto, as such Holder, counsel or Underwriter may reasonably request in order to facilitate the sale or other disposition of the Registrable Securities thereunder; and the Issuers and the Guarantors consent to the use
of such Prospectus, preliminary prospectus or such Free Writing Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the Holders of Registrable Securities and any such Underwriters in connection with the
offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus, preliminary prospectus or such Free Writing Prospectus or any amendment or supplement thereto in accordance with applicable law; 

(v)    use their reasonable best efforts to register or qualify the Registrable Securities under all
applicable state securities or blue sky laws of such jurisdictions as any Holder of Registrable Securities covered by a Registration Statement shall reasonably request in writing by the time the applicable Registration Statement becomes effective;
cooperate with such Holders in connection with any filings required to be made with FINRA; and do any and all other acts and things that may be reasonably necessary or advisable to enable each Holder to complete the disposition in each such
jurisdiction of the Registrable Securities owned by such Holder; provided that neither the Issuers nor any Guarantor shall be required to (1) qualify as a foreign corporation or other entity or as a dealer in securities in any such
jurisdiction where it would not otherwise be required to so qualify, (2) file any general consent to service of process in any such jurisdiction or (3) subject itself to taxation in any such jurisdiction if it is not so subject; 

(vi)    notify counsel for the Initial Purchasers and, in the case of a Shelf Registration notify each
Holder of Registrable Securities and counsel for such Holders promptly and, if requested by any such Holder or counsel, confirm such advice in writing (1) when a Registration 

  
 -8- 

 
Statement has become effective, when any post-effective amendment thereto has been filed and becomes effective, when any Free Writing Prospectus has been filed or any amendment or supplement to
the Prospectus or any Free Writing Prospectus has been filed, (2) of any request by the SEC or any state securities authority for amendments to the Prospectus or for additional information after the Registration Statement has become effective,
(3) of the issuance by the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the Issuers or the
Guarantors of any notice of objection of the SEC to the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (4) if, between the applicable effective date of a Shelf
Registration Statement and the closing of any sale of Registrable Securities covered thereby, the representations and warranties of the Issuers or any Guarantor contained in any underwriting agreement, securities sales agreement or other similar
agreement, if any, relating to an offering of such Registrable Securities cease to be true and correct in all material respects or if the Issuers or any Guarantor receives any notification with respect to the suspension of the qualification of the
Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, (5) of the happening of any event during the period a Registration Statement is effective that makes any statement made in such
Registration Statement or the related Prospectus or any Free Writing Prospectus untrue in any material respect or that requires the making of any changes in such Registration Statement or Prospectus or any Free Writing Prospectus in order to make
the statements therein not misleading and (6) of any determination by the Issuers or any Guarantor that a post-effective amendment to a Registration Statement or any amendment or supplement to the Prospectus or any Free Writing Prospectus would
be appropriate; 
 (vii)    use their reasonable best efforts to obtain the withdrawal of any order
suspending the effectiveness of a Registration Statement or, in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2) under the Securities Act, including by filing an amendment to such Shelf
Registration Statement on the proper form, at the earliest possible moment and provide immediate notice to each Holder of the withdrawal of any such order or such resolution; 

(viii)    in the case of a Shelf Registration, furnish to each Holder of Registrable Securities, without
charge, at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without any documents incorporated therein by reference or exhibits thereto, unless requested); 

(ix)    in the case of a Shelf Registration, cooperate with the Holders of Registrable Securities to
facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends and enable such Registrable Securities to be issued in such denominations and registered in such
names (consistent with the provisions of the Indenture) as such Holders may reasonably request at least one Business Day prior to the closing of any sale of Registrable Securities; 

(x)    in the case of a Shelf Registration, upon the occurrence of any event contemplated by
Section 3(a)(vi)(5) hereof, use their reasonable best efforts to prepare and file with the SEC a supplement or post-effective amendment to such Shelf Registration Statement or the related Prospectus or any Free Writing Prospectus or any
document incorporated therein by reference or file any other required document so that, as thereafter delivered (or, to the extent permitted by law, made available) to purchasers of the Registrable Securities, such Prospectus or Free Writing
Prospectus, as the case may be, will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the 

  
 -9- 

 
circumstances under which they were made, not misleading; and the Issuers and the Guarantors shall notify the Holders of Registrable Securities to suspend use of the Prospectus or any Free
Writing Prospectus as promptly as practicable after the occurrence of such an event, and such Holders hereby agree to suspend use of the Prospectus or any Free Writing Prospectus, as the case may be, until the Issuers and the Guarantors have amended
or supplemented the Prospectus or the Free Writing Prospectus, as the case may be, to correct such misstatement or omission; 

(xi)    a reasonable time prior to the filing of any Registration Statement, any Prospectus, any Free
Writing Prospectus, any amendment to a Registration Statement or amendment or supplement to a Prospectus or a Free Writing Prospectus or of any document that is to be incorporated by reference into a Registration Statement, a Prospectus or a Free
Writing Prospectus after initial filing of a Registration Statement, provide copies of such document to the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, to the Holders of Registrable Securities and their
counsel) and make such of the representatives of the Issuers and the Guarantors as shall be reasonably requested by the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities or
their counsel) available for discussion of such document; and the Issuers and the Guarantors shall not, at any time after the initial filing of a Registration Statement, use or file any Prospectus, any Free Writing Prospectus, any amendment of or
supplement to a Registration Statement or a Prospectus or a Free Writing Prospectus, or any document that is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus, of which the Initial Purchasers
and their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities and their counsel) shall not have previously been advised and furnished a copy or to which the Initial Purchasers or their counsel (and, in
the case of a Shelf Registration Statement, the Holders of Registrable Securities or their counsel) shall reasonably object; 

(xii)    obtain a CUSIP number for all Exchange Securities or Registrable Securities, as the case may be,
not later than the initial effective date of a Registration Statement (it being understood that such CUSIP number has been obtained as of the date of this Agreement); 

(xiii)    cause the Indenture to be qualified under the Trust Indenture Act in connection with the
registration of the Exchange Securities or Registrable Securities, as the case may be; cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be so qualified in accordance with the
terms of the Trust Indenture Act; and execute, and use their reasonable best efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed with the SEC to
enable the Indenture to be so qualified in a timely manner; 
 (xiv)    in the case of a Shelf
Registration, make available for inspection by a representative of the Holders of the Registrable Securities (an “Inspector”), any Underwriter participating in any disposition pursuant to such Shelf Registration Statement, any attorneys
and accountants designated by a majority of the Holders of Registrable Securities to be included in such Shelf Registration and any attorneys and accountants designated by such Underwriter, at reasonable times and in a reasonable manner, all
pertinent financial and other records, documents and properties of Cedar Fair and its subsidiaries, and cause the respective officers, directors and employees of the Issuers and the Guarantors to supply all information reasonably requested by any
such Inspector, Underwriter, attorney or accountant in connection with a Shelf Registration Statement; provided that if any such information is identified by the Issuers or any Guarantor as being confidential or proprietary, each Person
receiving such information shall take such actions as are reasonably necessary to protect the confidentiality of such information to the extent such action is otherwise not inconsistent with, an impairment of or in derogation of the rights and
interests of any Inspector, Holder or Underwriter; 

  
 -10- 

 (xv)    in the case of a Shelf Registration, use their
reasonable best efforts to cause all Registrable Securities to be listed on any securities exchange or any automated quotation system on which similar securities issued or guaranteed by any Issuer or any Guarantor are then listed if requested by the
Majority Holders, to the extent such Registrable Securities satisfy applicable listing requirements; 

(xvi)    if reasonably requested by any Holder of Registrable Securities covered by a Shelf Registration
Statement, promptly include in a Prospectus supplement or post-effective amendment such information with respect to such Holder as such Holder reasonably requests to be included therein and make all required filings of such Prospectus supplement or
such post-effective amendment as soon as the Issuers have received notification of the matters to be so included in such filing; 

(xvii)    in the case of a Shelf Registration, enter into such customary agreements and take all such other
actions in connection therewith (including those reasonably requested by the Holders of a majority in principal amount of the Registrable Securities covered by the Shelf Registration Statement) in order to expedite or facilitate the disposition of
such Registrable Securities including, but not limited to, an Underwritten Offering and in such connection, (1) to the extent reasonably possible, make such representations and warranties to the Holders and any Underwriters of such Registrable
Securities with respect to the business of Cedar Fair and its subsidiaries and the Registration Statement, Prospectus, any Free Writing Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case, in
form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same if and when requested, (2) obtain opinions of counsel to the Issuers and the Guarantors, including Canadian counsel, if
applicable (which counsel and opinions, in form, scope and substance, shall be reasonably satisfactory to the Holders and such Underwriters and their respective counsel), addressed to each selling Holder and Underwriter of Registrable Securities,
covering the matters customarily covered in opinions requested in underwritten offerings, (3) obtain “comfort” letters from the independent certified public accountants of the Issuers and the Guarantors (and, if necessary, any other
certified public accountant of any subsidiary of the Issuers or any Guarantor, or of any business acquired by the Issuers or any Guarantor for which financial statements and financial data are or are required to be included in the Registration
Statement) addressed to each selling Holder (to the extent permitted by applicable professional standards) and Underwriter of Registrable Securities, such letters to be in customary form and covering matters of the type customarily covered in
“comfort” letters in connection with underwritten offerings, including but not limited to financial information contained in any preliminary prospectus, Prospectus or Free Writing Prospectus and (4) deliver such documents and
certificates as may be reasonably requested by the Holders of a majority in principal amount of the Registrable Securities being sold or the Underwriters, and which are customarily delivered in underwritten offerings, to evidence the continued
validity of the representations and warranties of the Issuers and the Guarantors made pursuant to clause (1) above and to evidence compliance with any customary conditions contained in an underwriting agreement; and 

(xviii)    so long as any Registrable Securities remain outstanding, cause each Additional Guarantor upon
the creation or acquisition by any Issuer of such Additional Guarantor, to execute a counterpart to this Agreement in the form attached hereto as Annex A and to deliver such counterpart, together with an opinion of counsel as to the enforceability
thereof against such entity, to the Initial Purchasers no later than five Business Days following the execution thereof. 

  
 -11- 

 (b)    In the case of a Shelf Registration Statement, the Issuers may
require each Holder of Registrable Securities to furnish to the Issuers such information regarding such Holder and the proposed disposition by such Holder of such Registrable Securities as the Issuers and the Guarantors may from time to time
reasonably request in writing. 
 (c)    In the case of a Shelf Registration Statement, each Holder of Registrable
Securities covered in such Shelf Registration Statement agrees that, upon receipt of any notice from the Issuers and the Guarantors of the happening of any event of the kind described in Section 3(a)(vi)(3) or 3(a)(vi)(5) hereof, such Holder
will forthwith discontinue disposition of Registrable Securities pursuant to the Shelf Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus and any Free Writing Prospectus contemplated by
Section 3(a)(x) hereof and, if so directed by the Issuers and the Guarantors, such Holder will deliver to the Issuers and the Guarantors all copies in its possession, other than permanent file copies then in such Holder’s possession, of
the Prospectus and any Free Writing Prospectus covering such Registrable Securities that is current at the time of receipt of such notice. 

(d)    If the Issuers and the Guarantors shall give any notice to suspend the disposition of Registrable Securities
pursuant to a Registration Statement, the Issuers and the Guarantors shall extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during the period from and including
the date of the giving of such notice to and including the date when the Holders of such Registrable Securities shall have received copies of the supplemented or amended Prospectus or any Free Writing Prospectus necessary to resume such
dispositions. The Issuers and the Guarantors may give any such notice only two times during any 365-day period and any such suspensions shall not exceed 45 days for each suspension and there shall not be more
than two suspensions in effect during any 365-day period. 
 (e)    The Holders
of Registrable Securities covered by a Shelf Registration Statement who desire to do so may sell such Registrable Securities in an Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks and manager or
managers (each an “Underwriter”) that will administer the offering will be selected by the Holders of a majority in principal amount of the Registrable Securities included in such offering and if the Initial Purchasers are not involved in
such Underwritten Offering, the Underwriter selected shall be subject to Cedar Fair’s reasonable approval. 
 Such Holders shall be
responsible for all underwriting commissions and discounts in connection therewith. 
 4.    Participation of
Broker-Dealers in Exchange Offer. 
 (a)    The Staff has taken the position that any broker-dealer that receives
Exchange Securities for its own account in the Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of market-making or other trading activities (a “Participating Broker-Dealer”) may be deemed to
be an “underwriter” within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Securities. 

The Issuers and the Guarantors understand that it is the Staff’s position that if the Prospectus contained in the Exchange Offer
Registration Statement includes a plan of distribution containing a 

  
 -12- 

 
statement to the above effect and the means by which Participating Broker-Dealers may resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying the amount of
Exchange Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers (or, to the extent permitted by law, made available to purchasers) to satisfy their prospectus delivery obligation under the Securities Act in
connection with resales of Exchange Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 

(b)    In light of the above, and notwithstanding the other provisions of this Agreement, the Issuers and the Guarantors
agree to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement for a period of up to 90 days after the last Exchange Date (as such period may be extended pursuant to Section 3(d) of this Agreement), in order
to expedite or facilitate the disposition of any Exchange Securities by Participating Broker-Dealers consistent with the positions of the Staff recited in Section 4(a) above. The Issuers and the Guarantors further agree that Participating
Broker-Dealers shall be authorized to deliver such Prospectus (or, to the extent permitted by law, make available) during such period in connection with the resales contemplated by this Section 4. 

(c)    The Initial Purchasers shall have no liability to the Issuers, any Guarantor or any Holder with respect to any
request that they may make pursuant to Section 4(b) above. 
 5.    Indemnification and Contribution. 

(a)    Each Issuer and each Guarantor, jointly and severally, agrees to indemnify and hold harmless each Initial Purchaser
and each Holder, their respective affiliates, directors and officers and each Person, if any, who controls any Initial Purchaser or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from
and against any and all losses, claims, damages and liabilities (including, without limitation, reasonable legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are
incurred), joint or several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or any omission or alleged omission to state therein a material
fact required to be stated therein or necessary in order to make the statements therein not misleading, or (2) any untrue statement or alleged untrue statement of a material fact contained in any Prospectus, any Free Writing Prospectus or any
“issuer information” (“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or any omission or alleged omission to state therein a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading, in each case except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged
untrue statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser or information relating to any Holder furnished to the Issuers in writing through JPMorgan or any selling Holder,
respectively, expressly for use therein. In connection with any Underwritten Offering permitted by Section 3, the Issuers and the Guarantors, jointly and severally, will also indemnify the Underwriters, if any, selling brokers, dealers and
similar securities industry professionals participating in the distribution, their respective affiliates and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided above
with respect to the indemnification of the Holders, if requested in connection with any Registration Statement, any Prospectus, any Free Writing Prospectus or any Issuer Information. 

(b)    Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Issuers, the Guarantors, the
Initial Purchasers and the other selling Holders, the directors of the Issuers and the Guarantors, each officer of the Issuers and the Guarantors who signed the Registration Statement and each Person, if any, who controls the Issuers, the
Guarantors, any Initial Purchaser and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act 

  
 -13- 

 
to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue
statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to such Holder furnished to the Issuers in writing by such Holder expressly for use in any Registration Statement,
any Prospectus and any Free Writing Prospectus. 
 (c)    If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified Person”) shall
promptly notify the Person against whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve the Indemnifying Person from any
liability that it may have under paragraphs (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the
failure to notify the Indemnifying Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under paragraphs (a) or (b) above. If any such proceeding shall be brought or asserted against an
Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to
indemnification pursuant to this Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the fees and expenses of such proceeding and shall pay the reasonable fees and expenses of such counsel related to such
proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying
Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified
Person shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any
impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed
that the Indemnifying Person shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm (in addition to any local counsel) for all
Indemnified Persons, and that all such reasonable fees and expenses shall be reimbursed as they are incurred. Any such separate firm (x) for any Initial Purchaser, its affiliates, directors and officers and any control Persons of such Initial
Purchaser shall be designated in writing by JPMorgan, (y) for any Holder, its directors and officers and any control Persons of such Holder shall be designated in writing by the Majority Holders and (z) in all other cases shall be
designated in writing by Cedar Fair. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the
Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any
settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (A) includes an
unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to
any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person. 
 (d)    If the
indemnification provided for in paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to 

  
 -14- 

 
therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person
as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Issuers and the Guarantors from the offering of the Securities and the Exchange Securities, on
the one hand, and by the Holders from receiving Securities or Exchange Securities registered under the Securities Act, on the other hand, or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such
proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Issuers and the Guarantors on the one hand and the Holders on the other in connection with the statements or
omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Issuers and the Guarantors on the one hand and the Holders on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Issuers and the Guarantors or by the Holders and
the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

(e)    The Issuers, the Guarantors and the Holders agree that it would not be just and equitable if contribution pursuant
to this Section 5 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not-take-account of-the-equitable considerations referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and
liabilities referred to in paragraph (d) above shall be deemed to include, subject to the limitations set forth above, any reasonable legal or other expenses incurred by such Indemnified Person in connection with any such action or claim.
Notwithstanding the provisions of this Section 5, in no event shall a Holder be required to contribute any amount in excess of the amount by which the total price at which the Securities or Exchange Securities sold by such Holder exceeds the
amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. 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 was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 5 are several and not
joint. 
 (f)    The remedies provided for in this Section 5 are not exclusive and shall not limit any rights or
remedies that may otherwise be available to any Indemnified Person at law or in equity. 
 (g)    The indemnity and
contribution provisions contained in this Section 5 shall remain operative and in full force and effect regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any
Holder or any Person controlling any Initial Purchaser or any Holder, or by or on behalf of the Issuers or the Guarantors or the officers or directors of or any Person controlling the Issuers or the Guarantors, (iii) acceptance of any of the
Exchange Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration Statement. 
 6. General. 

(a)    Inconsistent Agreements. The Issuers and the Guarantors represent, warrant and agree that (i) the rights
granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of any other outstanding securities issued or guaranteed by the Issuers or any Guarantor under any other agreement and
(ii) none of the Issuers or Guarantors has entered into, or on or after the date of this Agreement will enter into, any agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or
otherwise conflicts with the provisions hereof. 

  
 -15- 

 (b)    Amendments and Waivers. The provisions of this Agreement,
including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Issuers and the Guarantors have obtained the written consent of
Holders of at least a majority in aggregate principal amount of the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent; provided, that no amendment, modification, supplement, waiver or
consent to any departure from the provisions of Section 5 hereof shall be effective as against any Holder of Registrable Securities unless consented to in writing by such Holder. Any amendments, modifications, supplements, waivers or consents
pursuant to this Section 6(b) shall be by a writing executed by the Issuers, the Guarantors and each of the Holders required by this Section 6(b) to approve such action. 

(c)    Notices. All notices and other communications provided for or permitted hereunder shall be made in writing
by hand-delivery, registered first-class mail, telex, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such Holder to the Issuers by means of a notice given in accordance with
the provisions of this Section 6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in the Purchase Agreement; (ii) if to the Issuers and the Guarantors, initially at the Issuers’ address set
forth in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c); and (iii) to such other persons at their respective addresses as provided in the
Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c). All such notices and communications shall be deemed to have been duly given: at the time delivered by
hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered to an air
courier guaranteeing overnight delivery. Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee, at the address specified in the Indenture. 

(d)    Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the
successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be deemed to permit any assignment, transfer or
other disposition of Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities in any manner, whether by operation of law or otherwise, such
Registrable Securities shall be held subject to all the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and
provisions of this Agreement and such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers under the Purchase Agreement) shall have no liability or obligation to the Issuers or the
Guarantors with respect to any failure by a Holder to comply with, or any breach by any Holder of, any of the obligations of such Holder under this Agreement. 

(e)    Third Party Beneficiaries. Each Holder shall be a third party beneficiary to the agreements made hereunder
between the Issuers and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights
or the rights of other Holders hereunder. 
 (f)    Counterparts. This Agreement may be executed in counterparts
(and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart (including a

  
 -16- 

 
counterpart executed by electronic signature) of a signature page of this Agreement by telecopy or other electronic imaging means shall be as effective as delivery of a manually executed
counterpart of this Agreement. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement or any document to be signed in connection with this Agreement
shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the
use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means. 

(g)    Headings. The headings in this Agreement are for convenience of reference only, are not a part of this
Agreement and shall not limit or otherwise affect the meaning hereof. 
 (h)    Governing Law. This Agreement,
and any claim, controversy or dispute arising under or related to this Agreement, shall be governed by and construed in accordance with the laws of the State of New York. 

(i)    Entire Agreement; Severability. This Agreement contains the entire agreement between the parties relating to
the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained in this Agreement is held by a court of competent jurisdiction to be invalid, void or
unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated. The Issuers, the Guarantors
and the Initial Purchasers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, void or unenforceable
provisions. 

  
 -17- 

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

			
	CEDAR FAIR, L.P.
		
	By:	 	Cedar Fair Management Inc., its General Partner
		
	By:	 	 /s/ Brian C. Witherow

	Name:	 	 Brian C. Witherow

	Title:	 	 Executive Vice President and Chief Financial Officer

	
	CANADA’S WONDERLAND COMPANY
		
	By:	 	 /s/ Brian C. Witherow

	Name:	 	 Brian C. Witherow

	Title:	 	 Secretary

	
	MAGNUM MANAGEMENT CORPORATION
		
	By:	 	 /s/ Brian C. Witherow

	Name:	 	 Brian C. Witherow

	Title:	 	 Executive Vice President and Chief Financial Officer

	
	MILLENNIUM OPERATIONS LLC
		
	By:	 	 /s/ Brian C. Witherow

	Name:	 	 Brian C. Witherow

	Title:	 	 Executive Vice President and Chief Financial Officer

  
 -18- 

 
			
	CALIFORNIA’S GREAT AMERICA LLC
	CAROWINDS LLC
	CEDAR FAIR SOUTHWEST INC.
	CEDAR POINT PARK LLC
	DORNEY PARK LLC
	GALVESTON WATERPARK LLC
	GEAUGA LAKE LLC
	KINGS DOMINION LLC
	KINGS ISLAND COMPANY
	KINGS ISLAND PARK LLC
	KNOTT’S BERRY FARM LLC
	MICHIGAN’S ADVENTURE, INC.
	MICHIGAN’S ADVENTURE PARK LLC
	NEW BRAUNFELS WATERPARK LLC
	SAWMILL CREEK LLC
	VALLEYFAIR LLC
	WONDERLAND COMPANY INC.
	WORLDS OF FUN LLC
		
	By:	 	 /s/ Brian C. Witherow

	Name:	 	Brian C. Witherow
	Title:	 	Executive Vice President and Chief Financial Officer

  
 -19- 

			
	Confirmed and accepted as of the date first above written:
	
	J.P. MORGAN SECURITIES LLC
	
	 For itself and on behalf of the

several Initial Purchasers listed on
 Schedule 1 of the Purchase
Agreement

		
	By:	 	 /s/ Vivek Lal

	Name:	 	Vivek Lal
	Title:	 	Managing Director

 Schedule I 

Guarantors 
 California’s Great
America LLC 
 Carowinds LLC 
 Cedar Fair Southwest Inc. 

Cedar Point Park LLC 
 Dorney Park LLC 

Galveston Waterpark LLC 
 Geauga Lake LLC 

Kings Dominion LLC 
 Kings Island Company 

Kings Island Park LLC 
 Knott’s Berry Farm LLC 

Michigan’s Adventure, Inc. 
 Michigan’s Adventure Park
LLC 
 New Braunfels Waterpark LLC 
 Sawmill Creek LLC 

Valleyfair LLC 
 Wonderland Company Inc. 

Worlds of Fun LLC 

 Annex A 

Counterpart to Registration Rights Agreement 

The undersigned hereby absolutely, unconditionally and irrevocably agrees as a Guarantor (as defined in the Registration Rights Agreement,
dated as of October 7, 2020 by and among Cedar Fair, L.P., a Delaware limited partnership, Canada’s Wonderland Company, a Nova Scotia, unlimited liability company, Millennium Operations LLC, a Delaware limited liability company, Magnum
Management Corporation, an Ohio Corporation, the guarantors party thereto and J.P. Morgan Securities LLC, on behalf of itself and the other Initial Purchasers) to be bound by the terms and provisions of such Registration Rights Agreement. 

IN WITNESS WHEREOF, the undersigned has executed this counterpart as of
[                    ].     
  

			
	[                ]
		
	By:	 	
                     

		 	Name:
		 	Title:Exhibit 10.1

 

Execution Version

 

SETTLEMENT AGREEMENT

 

This SETTLEMENT AGREEMENT
(this “Agreement”) is made and entered into as of October 6, 2020, by and among Virtusa Corporation, a Delaware
corporation (the “Company”)and the entities set forth on the signature pages hereto (the “Investor
Group”), and solely for purposes of Sections 4, 9, 10(b), 12(b), 13, 14 and 17 (the “Applicable
Sections”) Austin HoldCo Inc. (“Parent”). The Company, the Investor Group and, solely with respect
to the Applicable Sections, Parent are each herein referred to as a “party” and collectively, the “parties.”

 

WHEREAS, on July 6,
2020, certain members of the Investor Group filed a Schedule 13D with the SEC, which was subsequently amended on July 29, 2020
(as amended, the “Schedule 13D”);

 

WHEREAS, certain members
of the Investor Group submitted a letter to the Company on June 17, 2020 (the “Nomination Notice”) nominating
a slate of director candidates to be elected to the Board of Directors of the Company (the “Board”) at the Company’s
2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”);

 

WHEREAS, the Company,
Parent and Austin BidCo Inc. (“Merger Sub”), entered into an Agreement and Plan of Merger, dated as of September
9, 2020 (as it may be amended, supplemented or otherwise modified from time to time, the “Merger Agreement”),
pursuant to which Merger Sub will be merged with and into the Company with the Company continuing as the surviving corporation
(the “Merger”); and

 

WHEREAS, the Company
and the Investor Group have determined to come to an agreement with respect to the composition of the Board and certain other matters,
as provided in this Agreement.

 

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

 

1.                 
Board Composition and Related Matters.

 

(a)              
Simultaneous with the execution and delivery of this Agreement, the Investor Group hereby irrevocably withdraws its Nomination
Notice and any related materials, demands or notices submitted to the Company in connection therewith, and the Investor Group hereby
further agrees that all votes on any proxies that have been or may be received by or on behalf of the Investor Group for the election
of Ramakrishna Prasad Chintamaneni and/or Patricia B. Morrison at the 2020 Annual Meeting will be disregarded, and withdraws and
terminates all requests for stock list materials and other books and records of the Company under the General Corporation Law of
the State of Delaware (the “DGCL”) or other statutory or regulatory provisions providing for shareholder access
to books and records.

 

(b)              
Simultaneous with the execution and delivery of this Agreement, the Investor Group, Ramakrishna Prasad Chintamaneni and
Patricia B. Morrison have each executed and delivered to the Company an irrevocable letter of withdrawal of the candidacy of Ramakrishna
Prasad Chintamaneni and Patricia B. Morrison (the “Investor Group Designee”) for election to the Board at the
2020 Annual Meeting in the form attached hereto as Exhibit A (the “Withdrawal Letter”).

 

     

     

    

 

(c)              
Simultaneous with the execution and delivery of this Agreement, the Investor Group shall immediately cease all efforts,
direct or indirect, in furtherance of the Nomination Notice and any related solicitation in connection with the Nomination Notice,
including any negative solicitation efforts relating to the 2020 Annual Meeting concerning the Company and members of the slate
of nominees proposed by the Company, namely Al-Noor Ramji and Joseph G. Doody (the “Company Nominees”), and
terminate the Investor Group’s proxy solicitation website, https://www.improvevirtusa.com, and any similar websites and social
media posts.

 

(d)              
Simultaneous with the execution and delivery of this Agreement, the Investor Group has executed and delivered to the Company
a voting agreement in the form attached hereto as Exhibit B (the “Voting Agreement”).

 

(e)              
Immediately following the execution and delivery of this Agreement, the Board shall increase the size of the Board to ten
directors and appoint the Investor Group Designee as a Class I director to the Board to fill the vacancy resulting from the increase
in the size of the Board.

 

(f)               
The Investor Group agrees that, in the Investor Group Designee’s capacity as a director of the Company, the Investor
Group Designee shall be subject to the terms of the Company’s Amended and Restated Certificate of Incorporation (as may be
amended from time to time, the “Charter”), Amended and Restated By-Laws (as may be amended from time to time,
the “By-Laws”), committee charters, corporate governance, ethics, conflict of interest, confidentiality, stock
ownership and trading policies and guidelines and similar governance documents that are generally applicable to the Company’s
directors.

 

(g)              
The Investor Group acknowledges and agrees that: (A) consistent with her fiduciary duties as a director of the Company,
the Investor Group Designee is obligated to consider in good faith, to the same extent as any other director of the Company, recusal
from any Board or committee meeting in the event there is any other actual or potential conflict of interest involving the Investor
Group Designee with respect to any matter before the Board; and (B) the Board may restrict the Investor Group Designee’s
access to information of the Company to the same extent it would for any other director of the Company, in accordance with applicable
law.

 

(h)              
Other than as agreed to by the Company, the Investor Group agrees that there shall be no contracts, plans or arrangements,
written or otherwise, in effect during the term of this Agreement, between any members of the Investor Group and the Investor Group
Designee providing for any compensation, reimbursement of expenses or indemnification of the Investor Group Designee solely in
connection with or related to the Investor Group Designee’s service on the Board, provided that the Investor Group can fulfill
any obligations owed to the Investor Group Designee pursuant to agreements disclosed to the Company prior to the date hereof.

 

    2 

     

    

 

(i)                
As long as the Net Long Position of the Investor Group and its Affiliates exceeds 5% of the outstanding common stock of
the Company (the “Common Stock”) , in the event that the Investor Group Designee (or any Replacement Designee
for her) is no longer able to serve as a director of the Company due to death, disability or other incapacity or for any other
reason, then the members of the Investor Group shall be entitled to designate, subject to the approval (not to be unreasonably
withheld) of the Nominating and Corporate Governance Committee of the Board (the “Nominating Committee”), a
candidate for replacement of the Investor Group Designee (such replacement, a “Replacement Designee”). Any Replacement
Designee shall qualify as an Independent Director. The Nominating Committee shall, in good faith and consistent with its fiduciary
duties, approve or deny any candidate for Replacement Designee within 10 Business Days after such candidate has: (i) successfully
completed a customary background check; (ii) completed a satisfactory interview with the Nominating Committee; (iii) provided the
Company with (A) a completed director questionnaire (in the form to be provided by the Company), and (B) such other information
and agreements as may be reasonably requested by the Company and that are part of its customary director onboarding practices and
(iv) agreed to take all necessary action not be considered to be “overboarded” under the applicable policies of Institutional
Shareholder Services, Inc. (“ISS”), Glass Lewis & Co., LLC (“Glass Lewis”), BlackRock,
Inc., The Vanguard Group, and/or State Street Corporation as a result of his or her or her appointment to the Board. The Company
agrees that it will proceed promptly and in good faith and consistent with its fiduciary duties and provide or complete the background
checks, questionnaires and other items described in the preceding sentence. In the event the Nominating Committee declines to approve
a candidate for Replacement Designee, (x) any agreements provided by such candidate pursuant to the previous sentence shall be
null and void and of no effect and (y) the members of the Investor Group may propose one or more additional candidates, subject
to the approval process described above, until a Replacement Designee is approved by the Nominating Committee. Following the approval
of a candidate for Replacement Designee by the Nominating Committee, the Board shall promptly appoint such Replacement Designee
to the Board. Upon his or her or her appointment to the Board, such Replacement Designee shall be deemed an Investor Group Designee
for all purposes under this Agreement.

 

2.                 
Intentionally Omitted. 

 

3.                 
Restrictions. Prior to the Termination Date, except as otherwise provided in this Agreement (including
Section 11(a)), without the prior written consent of the Board, the members of the Investor Group shall not, and shall instruct
their Affiliates, not to, directly or indirectly (in each case, except as permitted by this Agreement):

 

(a)              
acquire, offer or seek to acquire, agree to acquire or acquire rights to acquire (except by way of stock dividends or other
distributions or offerings made available to holders of voting securities of the Company generally on a pro rata basis), directly
or indirectly, whether by purchase, tender or exchange offer, through the acquisition of control of another person, by joining
a group, through swap or hedging transactions or otherwise, any voting securities of the Company (other than through a broad-based
market basket or index) or any voting rights decoupled from the underlying voting securities which would result in the ownership
or control of, or other beneficial ownership interest in, (x) 12.00% or more than of the then-outstanding shares of the Common
Stock in the aggregate minus (y) the aggregate percentage of shares of Common Stock sold by the members of the Investor Group or
their Affiliates after the date hereof (clause (x) minus clause (y), the “Ownership Cap”);

 

    3 

     

    

 

(b)              
unless and until entry by the Company without the prior written consent of the Investor Group into any amendment, waiver
or modification of the Merger Agreement that results in (1) a change to the form of consideration to be paid thereunder or (2)
a decrease in the Merger Consideration, knowingly initiate, encourage, vote in favor of, or participate in any “withhold,”
 “against,” “vote no,” defeat quorum or similar campaign with respect to any Stockholder Meeting at which
the Merger, the Merger Agreement, the related adjournment proposal or related matters will be voted on by the Company’s stockholders;

 

(c)              
 enter into any negotiations, agreements or understandings with any Third Party with respect to the foregoing, or knowingly
advise, assist, encourage or seek to persuade any Third Party to take any action with respect to any of the foregoing, or otherwise
knowingly take or cause any action inconsistent with any of the foregoing;

 

(d)              
publicly make or in any way advance publicly any request or proposal that the Company or the Board amend, modify or waive
any provision of this Agreement; or

 

(e)              
take any action challenging the validity or enforceability of this Section 3 or this Agreement unless the Company
is challenging the validity or enforceability of this Agreement; provided, however, that the restrictions in this
Section 3 shall not prevent the members of the Investor Group from making (1) any factual statement as required by applicable
legal process, subpoena or legal requirement from any governmental authority with competent jurisdiction over the party from whom
information is sought (so long as such request did not arise as a result of action by any of the members of the Investor Group)
or (2) any confidential communication to the Company that would not be reasonably expected to trigger public disclosure obligations
for either party.

 

4.                 
Non-Disparagement. Prior to the Termination Date, the Company and Parent and each member of the Investor
Group shall each refrain from making, and shall cause their respective Affiliates and its and their respective principals, directors,
members, general partners, officers and employees not to make or cause to be made any statement or announcement, including in any
document or report filed with or furnished to the SEC or through the press, media, analysts or other persons, that constitutes
an ad hominem attack on, or otherwise disparages, defames, slanders, impugns or is reasonably likely to damage the reputation of,
(a) in the case of statements or announcements by any of the Investor Group: the Company, Parent or any of their Affiliates,subsidiaries
or advisors, or any of its or their respective current or former officers, directors or employees, and (b) in the case of statements
or announcements by the Company or Parent: the members of the Investor Group or any of the their Affiliates, subsidiaries or advisors,
or any of their respective current or former officers, directors. Prior to the Termination Date. unless and until the Merger Agreement
is terminated, the Investor Group shall not, nor shall it permit any of its Representatives to issue any press release, make any
public statement, or speak on the record or on background with the media that is negative regarding the Merger Agreement, Parent
or Sub or their respective Affiliates, the Merger or any transactions related thereto. The restrictions in this Section 4
shall not (a) apply (i) in any compelled testimony or production of information, whether by legal process, subpoena or as part
of a response to a request for information from any governmental or regulatory authority with jurisdiction over the party from
whom information is sought, in each case, to the extent required, or (ii) to any disclosure that such party reasonably believes,
after consultation with outside counsel, to be legally required by applicable law, rules or regulations; or (b) prohibit any party
from reporting what it reasonably believes, after consultation with outside counsel, to be violations of federal law or regulation
to any governmental authority pursuant to Section 21F of the Exchange Act or Rule 21F promulgated thereunder.

 

    4 

     

    

 

5.                 
No Litigation. Prior to the Termination Date, each party hereby covenants and agrees that it shall not,
and shall not permit any of its Representatives to, directly or indirectly, alone or in concert with others, encourage, pursue
or assist any other person to threaten or initiate, any lawsuit, claim or proceeding before any court (each, a “Legal
Proceeding”) against the other party or any of its Representatives, except for (a) any Legal Proceeding initiated to
remedy a breach of or to enforce this Agreement and (b) counterclaims with respect to any proceeding initiated by, or on behalf
of one party or its Affiliates against the other party or its Affiliates; provided, however, that the foregoing shall
not prevent any party or any of its Representatives from responding to oral questions, interrogatories, requests for information
or documents, subpoenas, civil investigative demands or similar processes (each, a “Legal Requirement”) in connection
with any Legal Proceeding if such Legal Proceeding has not been initiated by, on behalf of or at the direct or indirect suggestion
of such party or any of its Representatives; provided, further, that in the event any party or any of its Representatives
receives such Legal Requirement, such party shall give prompt written notice of such Legal Requirement to the other party (except
where such notice would be legally prohibited or not practicable). Each party represents and warrants that neither it nor any assignee
has filed any lawsuit against the other party.

 

6.                 
Public Statements; SEC Filings.

 

(a)              
Promptly following the execution of this Agreement, the Company shall issue a press release (the “Press Release”)
announcing this Agreement, substantially in the form attached hereto as Exhibit C and following the issuance thereof any
public statements by any party or Parent in respect of this Agreement or the subject matter hereof shall be consistent with the
Press Release. Prior to the issuance of the Press Release, neither the Company nor the members of the Investor Group shall issue
any press release or public announcement regarding this Agreement or take any action that would require public disclosure thereof
without the prior written consent of the other party.

 

(b)              
Promptly following the execution of this Agreement, the Company shall file with the SEC a Current Report on Form 8-K reporting
its entry into this Agreement, disclosing applicable items to conform to its obligations hereunder and appending this Agreement
as an exhibit thereto (the “Form 8-K”). The Form 8-K shall be consistent with the terms of this Agreement and
the Press Release. The Company shall provide the members of the Investor Group and their Representatives with a reasonable opportunity
to review and comment on the Form 8-K prior to the filing with the SEC and consider in good faith any comments of the members of
the Investor Group and their Representatives.

 

    5 

     

    

 

(c)              
Promptly following the execution of this Agreement, the Investor Group shall file with the SEC an amendment to its Schedule
13D; in compliance with Section 13 of the Exchange Act reporting its entry into this Agreement, disclosing applicable items to
conform to its obligations hereunder and including the terms of this Agreement and including this Agreement as an exhibit thereto
(the “Schedule 13D Amendment”). The Schedule 13D Amendment shall be consistent with the terms of this Agreement
and the Press Release. The Investor Group shall provide the Company and its Representatives with a reasonable opportunity to review
the Schedule 13D Amendment prior to it being filed with the SEC and consider in good faith any comments of the Company and its
Representatives.

 

7.                 
Confidentiality. 

 

(a)              
For so long as the Investor Group Designee is serving as a director on the Board, the Investor Group acknowledges that following
her appointment to the Board, the Investor Group will not communicate with the Investor Group Designee regarding the Company without
the prior written consent of the Company (but the foregoing shall in no way limit any communications with the Company and the full
Board or with any full committee thereof).

 

(b)              
For the avoidance of doubt, the parties acknowledge and agree that the obligations of the Investor Group under this Section
7 shall be in addition to, and not in lieu of, the Investor Group Designee’s confidentiality obligations under Delaware
law and the Charter, By-Laws and applicable corporate governance policies of the Company.

 

8.                 
Compliance with Securities Laws. The Investor Group acknowledges that it understands its obligations under
the U.S. securities laws.

 

9.                 
Affiliates and Associates. Each party shall instruct its controlled Affiliates and Associates to comply
with the terms of this Agreement and shall be responsible for any breach of this Agreement by any such controlled Affiliate or
Associate. A breach of this Agreement by a controlled Affiliate or Associate of a party, if such controlled Affiliate or Associate
is not a party to this Agreement, shall be deemed to occur if such controlled Affiliate or Associate engages in conduct that would
constitute a breach of this Agreement if such controlled Affiliate or Associate was a party to the same extent as a party to this
Agreement. Notwithstanding the foregoing, solely with respect to Parent, the term “this Agreement” in this Section
9 shall instead be deemed to be “the Applicable Sections”.

 

10.             
Representations and Warranties.

 

(a)               The
Investor Group represents and warrants that it has full power and authority to execute, deliver and carry out the terms and
provisions of this Agreement and to consummate the transactions contemplated hereby, and that this Agreement has been duly
and validly executed and delivered by it, constitutes a valid and binding obligation and agreement of it and is enforceable
against it in accordance with its terms. The Investor Group represents that the execution of this Agreement, the consummation
of any of the transactions contemplated hereby, and the fulfillment of the terms hereof, in each case in accordance with the
terms hereof, will not conflict with, or result in a breach or violation of the organizational documents of it as currently
in effect, and that the execution, delivery and performance of this Agreement by it does not and will not violate or conflict
with (i) any law, rule, regulation, order, judgment or decree applicable to it or (ii) result in any breach or violation of
or constitute a default (or an event which with notice or lapse of time or both could constitute such a breach, violation or
default) under or pursuant to, or result in the loss of a material benefit under, or give any right of termination,
amendment, acceleration or cancellation of, any organizational document, agreement, contract, commitment, understanding or
arrangement to which it is a party or by which it is bound. The Investor Group represents and warrants that, as of the date
of this Agreement, it beneficially owns an aggregate of 2,979,665 shares of Common Stock. The Investor Group represents and
warrants that it has voting authority over such shares and, other than as set forth on Schedule A hereto, owns no
Synthetic Equity Interests or any Short Interests in the Company.

 

    6 

     

    

 

(b)              
The Company and Parent (severally and not jointly) each hereby represents and warrants that it has the power and authority
to execute, deliver and carry out the terms and provisions of this Agreement and to consummate the transactions contemplated hereby,
and that this Agreement has been duly and validly authorized, executed and delivered by the Company or Parent, as applicable, constitutes
a valid and binding obligation and agreement of the Company or Parent, as applicable and is enforceable against it in accordance
with its terms. The Company and Parent (severally and not jointly) each represents that the execution of this Agreement, the consummation
of any of the transactions contemplated hereby, and the fulfillment of the terms hereof, in each case in accordance with the terms
hereof, will not conflict with, or result in a breach or violation of its organizational documents as currently in effect, and
that the execution, delivery and performance of this Agreement by it does not and will not violate or conflict with (i) any law,
rule, regulation, order, judgment or decree applicable to it or (ii) result in any breach or violation of or constitute a default
(or an event which with notice or lapse of time or both could constitute such a breach, violation or default) under or pursuant
to, or result in the loss of a material benefit under, or give any right of termination, amendment, acceleration or cancellation
of, any organizational document, agreement, contract, commitment, understanding or arrangement to which it is a party or by which
it is bound.

 

11.             
Termination. This Agreement shall terminate on the date that is the earlier of (i) the date of the closing
of the Merger, (ii) the termination of the Merger Agreement or the Voting Agreement or (iii) the election to terminate this Agreement
by the non-breaching party, if the Investor Group or the Company has materially breached any terms of this Agreement or the Voting
Agreement and has failed to cure any such breach within twenty days of receipt of written notice of same (the date of termination,
the “Termination Date”). If this Agreement is terminated in accordance with this Section 11, this Agreement
shall forthwith become null and void, but no termination shall relieve either party from liability for any breach of this Agreement
prior to such termination.

 

12.             
Expenses. 

 

(a)              
Immediately following the execution of this Agreement, by wire transfer of immediately available funds, the Company shall
reimburse the Investor Group for its time and efforts and fees and expenses (including legal expenses) incurred in connection with
the subject matter of this Agreement and its investment in the Company (collectively, “Expenses”) in an amount equal
to $2,500,000 in the aggregate.

 

    7 

     

    

 

(b)              
In addition to the reimbursement of Expenses under clause (a), subject to the last sentence of this Section 12(b), Parent
shall reimburse (or shall cause to be reimbursed) the Investor Group in an amount equal to the difference (which difference may
only be a positive number) between (i) $51.35 per share, minus (ii) the sale price per share of Common Stock of any trade executed
by the Investor Group in open market transactions or the closing price on the date of any distribution of Common Stock to partners
or members or investors of the members of the Investor Group; provided, however, that the total amount of all such reimbursements
under this Section 12(b) shall not exceed $2,000,000 in the aggregate. Any such reimbursement shall be made by wire transfer of
immediately available funds concurrent with the consummation of the Merger provided for in the Merger Agreement.

 

13.             
Notices. All notices, demands and other communications to be given or delivered under or by reason of
the provisions of this Agreement shall be in writing and shall be deemed to have been given (a) when delivered by hand, with written
confirmation of receipt; (b) upon sending if sent by electronic mail to the electronic mail addresses below, with confirmation
of receipt from the receiving party by electronic mail; (c) one Business Day after being sent by a nationally recognized overnight
carrier to the addresses set forth below; or (d) when actually delivered if sent by any other method that results in delivery,
with written confirmation of receipt:

 

	If to the Company:	with mandatory copies (which shall not constitute notice) to:
	
        Virtusa Corporation

        132 Turnpike Road, Suite 300

        Southborough, MA 01772

        Attn: Paul D. Tutun,

        Executive Vice President and General Counsel

        Email: [Redacted]
	
        Goodwin Procter LLP

        100 Northern Avenue

        Boston, MA 02210

        Attn:      John
        J. Egan III

        Joseph L. Johnson III

        Andrew H. Goodman

        Email:     jegan@goodwinlaw.com

        jjohnson@goodwinlaw.com

        agoodman@goodwinlaw.com 

         

	If to the Investor Group:	with mandatory copies (which shall not constitute notice) to:
	
        New Mountain Vantage Advisers, L.L.C.

        1633 Broadway, 48th Floor

        New
York, NY 10019

Attn: Joseph Hartswell

Email: [Redacted]
	
        Willkie Farr & Gallagher LLP

        787 Seventh Avenue

        New York, NY 10019

Attn:      Russell Leaf

        Jared Fertman

        Email:    JFertman@willkie.com

        rleaf@willkie.com

         

	If to Parent:	
        with mandatory copies (which shall not constitute notice) to:

         

	
        c/o Baring Private Equity Asia Limited

        50 Collyer Quay

        #11-03/04 OUE Bayfront

        Singapore 049321

        Attention: Kirti Hariharan

        Email: [Redacted]
	
        Ropes & Gray LLP

        191 North Wacker Drive, 32nd Floor

        Chicago, IL 60606

        Attention: Neill P. Jakobe, Esq., Paul S.

        Scrivano, Esq., Eric
        L. Issadore, Esq.

        Email: neill.jakobe@ropesgray.com

        paul.scrivano@ropesgray.com

        eric.issadore@ropesgray.com

 

    8 

     

    

 

14.             
Governing Law; Jurisdiction; Jury Waiver. This Agreement, and any disputes arising out of or related to
this Agreement (whether for breach of contract, tortious conduct or otherwise), shall be governed by, and construed in accordance
with, the laws of the State of Delaware, without giving effect to its conflict of laws principles. The parties agree that exclusive
jurisdiction and venue for any Legal Proceeding arising out of or related to this Agreement shall exclusively lie in the Court
of Chancery of the State of Delaware or, if such Court does not have subject matter jurisdiction, the Superior Court of the State
of Delaware or, if jurisdiction is vested exclusively in the Federal courts of the United States, the Federal courts of the United
States sitting in the State of Delaware, and any appellate court from any such state or Federal court. Each party waives any objection
it may now or hereafter have to the laying of venue of any such Legal Proceeding, and irrevocably submits to personal jurisdiction
in any such court in any such Legal Proceeding and hereby further irrevocably and unconditionally waives and agrees not to plead
or claim in any court that any such Legal Proceeding brought in any such court has been brought in any inconvenient forum. Each
party consents to accept service of process in any such Legal Proceeding by service of a copy thereof upon either its registered
agent in the State of Delaware or the Secretary of State of the State of Delaware, with a copy delivered to it by certified or
registered mail, postage prepaid, return receipt requested, addressed to it at the address set forth in Section 13. Nothing
contained herein shall be deemed to affect the right of any party to serve process in any manner permitted by law. EACH PARTY HEREBY
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT.

 

15.             
Specific Performance. Each party to this Agreement acknowledges and agrees that the other party would
be irreparably injured by an actual breach of this Agreement by the first-mentioned party or its Representatives and that monetary
remedies may be inadequate to protect either party against any actual or threatened breach or continuation of any breach of this
Agreement. Without prejudice to any other rights and remedies otherwise available to the parties under this Agreement, each party
shall be entitled to equitable relief by way of injunction or otherwise and specific performance of the provisions hereof upon
satisfying the requirements to obtain such relief without the necessity of posting a bond or other security, if the other party
or any of its Representatives breach or threaten to breach any provision of this Agreement. Such remedy shall not be deemed to
be the exclusive remedy for a breach of this Agreement, but shall be in addition to all other remedies available at law or equity
to the non-breaching party.

 

    9 

     

    

 

16.             
Certain Definitions and Interpretations. As used in this Agreement: (a) the terms “Affiliate”
and “Associate” (and any plurals thereof) have the meanings ascribed to such terms under Rule 12b-2 promulgated
by the SEC under the Exchange Act and shall include all persons or entities that at any time prior to the Termination Date become
Affiliates or Associates of any applicable person or entity referred to in this Agreement; provided, however, that
the term “Associate” shall refer only to Associates controlled by the Company or the members of the Investor Group,
as applicable; provided, further, that, for purposes of this Agreement, the members of the Investor Group shall not
be Affiliates or Associates of the Company and the Company shall not be an Affiliate or Associate of the members of the Investor
Group; (b) the term “Annual Meeting” means each annual meeting of stockholders of the Company and any adjournment,
postponement, rescheduling or continuation thereof; (c) the terms “beneficial ownership,” “group,”
 “participant,” “person,” “proxy” and “solicitation”
(and any plurals thereof) have the meanings ascribed to such terms under the Exchange Act and the rules and regulations promulgated
thereunder, provided, that the meaning of “solicitation” shall be without regard to the exclusions set forth
in Rules 14a-1(l)(2)(iv) and 14a-2 under the Exchange Act; (d) the term “Business Day” means any day that is
not a Saturday, Sunday or other day on which commercial banks in the State of New York are authorized or obligated to be closed
by applicable law; (e) the term “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the
rules and regulations promulgated thereunder; (f) the term “Independent Director” means an individual that (g)
qualifies as an “independent director” under applicable rules of the SEC, the rules of any stock exchange on which
the Company is traded and applicable governance policies of the Company and (ii) is not an employee, principal, Affiliate or Associate
of the members of the Investor Group or any of their Affiliates or Associates; (h) the term “Merger Consideration”
has the meaning ascribed to it in the Merger Agreement as in effect on the date hereof; (i) the term “Net Long Position”
means such shares of Common Stock beneficially owned, directly or indirectly, that constitute such person’s net long position
as defined in Rule 14e-4 under the Exchange Act mutatis mutandis, provided that “Net Long Position” shall not
include any shares as to which such person does not have the right to vote or direct the vote other than as a result of being in
a margin account, or as to which such person has entered into a derivative or other agreement, arrangement or understanding that
hedges or transfers, in whole or in part, directly or indirectly, any of the economic consequences of ownership of such shares;
and the terms “person” or “persons,” for purposes of the meaning of the term “Net Long Position,”
means any individual, corporation (including not-for-profit), general or limited partnership, limited liability or unlimited liability
company, joint venture, estate, trust, associate, organization or other entity of any kind or nature; (j) the term “Representatives”
means (i) a person’s Affiliates and Associates and (ii) its and their respective directors, officers, employees, partners,
members, managers, consultants, legal or other advisors, agents and other representatives acting in a capacity on behalf of, in
concert with or at the direction of such person or its Affiliates or Associates; (k) the term “SEC” means the
U.S. Securities and Exchange Commission; (l) the term “Short Interests” means any agreement, arrangement, understanding
or relationship, including any repurchase or similar so-called “stock borrowing” agreement or arrangement, engaged
in, directly or indirectly, by such person, the purpose or effect of which is to mitigate loss to, reduce the economic risk (of
ownership or otherwise) of shares of any class or series of the Company’s equity securities by, manage the risk of share
price changes for, or increase or decrease the voting power of, such person with respect to the shares of any class or series of
the Company’s equity securities, or that provides, directly or indirectly, the opportunity to profit from any decrease in
the price or value of the shares of any class or series of the Company’s equity securities; (m) the term “Stockholder
Meeting” means each annual or special meeting of stockholders of the Company, or any action by written consent of the
Company’s stockholders in lieu thereof, and any adjournment, postponement, rescheduling or continuation thereof; (n) the
term “Synthetic Equity Interests” means any derivative, swap or other transaction or series of transactions
engaged in, directly or indirectly, by such person, the purpose or effect of which is to give such person economic risk similar
to ownership of equity securities of any class or series of the Company, including due to the fact that the value of such derivative,
swap or other transactions are determined by reference to the price, value or volatility of any shares of any class or series of
the Company’s equity securities, or which derivative, swap or other transactions provide the opportunity to profit from any
increase in the price or value of shares of any class or series of the Company’s equity securities, without regard to whether
(i) the derivative, swap or other transactions convey any voting rights in such equity securities to such person; (ii) the derivative,
swap or other transactions are required to be, or are capable of being, settled through delivery of such equity securities; or
(iii) such person may have entered into other transactions that hedge or mitigate the economic effect of such derivative, swap
or other transactions; and (o) the term “Third Party” refers to any person that is not a party, a member of
the Board, a director or officer of the Company, or legal counsel to either party. In this Agreement, unless a clear contrary intention
appears, (i) the word “including” (in its various forms) means “including, without limitation;” (ii) the
words “hereunder,” “hereof,” “hereto” and words of similar import are references in this Agreement
as a whole and not to any particular provision of this Agreement; (iii) the word “or” is not exclusive; (iv) references
to “Sections” in this Agreement are references to Sections of this Agreement unless otherwise indicated; and (v) whenever
the context requires, the masculine gender shall include the feminine and neuter genders.

 

    10 

     

    

 

17.             
Miscellaneous.

 

(a)              
This Agreement, including all exhibits hereto contains the entire agreement between the parties and supersedes all other
prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.

 

(b)              
This Agreement is solely for the benefit of the parties and is not enforceable by any other persons.

 

(c)              
This Agreement shall not be assignable by operation of law or otherwise by a party without the consent of the other party.
Any purported assignment without such consent is void ab initio. Subject to the foregoing sentence, this Agreement shall
be binding upon, inure to the benefit of, and be enforceable by and against the permitted successors and assigns of each party.

 

(d)              
Neither the failure nor any delay by a party in exercising any right, power or privilege under this Agreement shall operate
as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise
of any right, power or privilege hereunder.

 

(e)              
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full
force and effect and shall in no way be affected, impaired or invalidated. It is hereby stipulated and declared to be the intention
of the parties that the parties would have executed the remaining terms, provisions, covenants and restrictions without including
any of such which may be hereafter declared invalid, void or unenforceable. In addition, the parties agree to use their reasonable
best efforts to agree upon and substitute a valid and enforceable term, provision, covenant or restriction for any of such that
is held invalid, void or unenforceable by a court of competent jurisdiction.

 

    11 

     

    

 

(f)               
Any amendment or modification of the terms and conditions set forth herein or any waiver of such terms and conditions must
be agreed to in a writing signed by each party.

 

(g)              
This Agreement may be executed in one or more textually identical counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same agreement. Signatures to this Agreement transmitted by facsimile transmission,
by electronic mail in “portable document format” (“.pdf’) form, or by any other electronic means intended
to preserve the original graphic and pictorial appearance of a document, shall have the same effect as physical delivery of the
paper document bearing the original signature.

 

(h)              
Each of the parties acknowledges that it has been represented by counsel of its choice throughout all negotiations that
have preceded the execution of this Agreement, and that it has executed this Agreement with the advice of such counsel. Each party
and its counsel cooperated and participated in the drafting and preparation of this Agreement, and any and all drafts relating
thereto exchanged among the parties will be deemed the work product of all of the parties and may not be construed against any
party by reason of its drafting or preparation. Accordingly, any rule of law or any legal decision that would require interpretation
of any ambiguities in this Agreement against any party that drafted or prepared it is of no application and is hereby expressly
waived by each of the parties, and any controversy over interpretations of this Agreement will be decided without regard to events
of drafting or preparation.

 

(i)                
The headings set forth in this Agreement are for convenience of reference purposes only and will not affect or be deemed
to affect in any way the meaning or interpretation of this Agreement or any term or provision of this Agreement

 

[Signature Pages Follow]

 

    12 

     

    

 

 

IN
WITNESS WHEREOF, each of the parties has executed this Agreement, or caused the same to be executed by its duly authorized representative,
as of the date first above written.

 

	THE
    COMPANY:
	 
	VIRTUSA
    CORPORATION
	 
	By: 	/s/
    Kris Canekeratne
	Name:
    Kris Canekeratne
	Title:
    Chief Executive Officer

 

SIGNATURE
PAGE TO SETTLEMENT AGREEMENT

 

     

     

    

 

IN
WITNESS WHEREOF, each of the parties has executed this Agreement, or caused the same to be executed by its duly authorized representative,
as of the date first above written.

 

	INVESTOR
    GROUP:
	 
	NEW
    MOUNTAIN VANTAGE LO, L.P.
	 
	By:	/s/ Daniel Riley
	Name:  Daniel Riley
	Title: Authorized Person
	 
	NEW
    MOUNTAIN VANTAGE FOCUS, L.P.
	 
	By:	/s/ Daniel Riley
	Name:  Daniel Riley
	Title: Authorized Person
	 
	NEW
    MOUNTAIN VANTAGE (CALIFORNIA) II, L.P.
	 
	By:	/s/ Daniel Riley
	Name:  Daniel Riley
	Title: Authorized Person
	 
	NEW
    MOUNTAIN VANTAGE, L.P.
	 
	By:	/s/ Daniel Riley
	Name:  Daniel Riley
	Title: Authorized Person
	 

  

SIGNATURE
PAGE TO SETTLEMENT AGREEMENT

 

     

     

    

 

	NEW
    MOUNTAIN VANTAGE CO-INVEST II, L.P.
	 
	By:	/s/ Daniel Riley
	Name: Daniel Riley
	Title: Authorized Person
	 
	NEW
    MOUNTAIN VANTAGE GP, L.L.C.
	 
	By:	/s/ Daniel Riley
	Name: Daniel Riley
	Title: Authorized Person
	 
	NEW
    MOUNTAIN VANTAGE ADVISERS, L.L.C.
	 
	By: 	/s/ Daniel Riley
	Name: Daniel Riley
	Title: Authorized Person

 

SIGNATURE
PAGE TO SETTLEMENT AGREEMENT

 

     

     

    

 

IN
WITNESS WHEREOF, each of the parties has executed this Agreement, or caused the same to be executed by its duly authorized representative,
as of the date first above written.

 

 

	Solely
    for purposes of the Applicable Sections
	 
	PARENT:
	 
	Austin
    HoldCo Inc.
	 
	By: 	/s/ Kirti Hariharan
	Name: Kirti Hariharan
	Title: President

 

SIGNATURE
PAGE TO SETTLEMENT AGREEMENT

 

     

     

    

 

Schedule
A

 

As of October 5, 2020, New Mountain Vantage Co-Invest II, L.P. has economic exposure to 272,382 shares of Common Stock by way of Cash
Derivative Agreements (as described in the Schedule 13D of the Investor Group).

 

     

     

    

 

Exhibit
A

Form of Withdrawal Letter

 

     

     

    

 

October
6, 2020

 

Virtusa
Corporation

132 Turnpike Road, Suite 300

Southborough,
MA 01772

Attn:
Paul D. Tutun,

Executive Vice President and General Counsel

 

Re:
Withdrawal of Director Candidacy 

 

Ladies
and Gentlemen:

 

Reference
is made to that certain Settlement Agreement (the “Agreement”), dated as of October 6, 2020, by and among Virtusa
Corporation, a Delaware corporation (the “Company”) and the entities and natural persons set forth on the signature
pages thereto (collectively with each of their respective Affiliates, the “Investor Group”). Capitalized terms
used herein but not defined shall have the meaning set forth in the Agreement.

 

The
purpose of this letter is to provide the Company with notice that the Investor Group hereby
irrevocably withdraws its Nomination Notice and any related materials, demands or notices submitted to the Company in connection
therewith, and the Investor Group hereby further agrees that all votes on any proxies that have been or may be received by or
on behalf of the Investor Group for the election of Ramakrishna Prasad Chintamaneni and/or Patricia B. Morrison at the 2020 Annual
Meeting will be disregarded, and withdraws and terminates all requests for stock list materials and other books and records of
the Company under the DGCL or other statutory or regulatory provisions providing for shareholder access to books and records.

 

Additionally,
by his or her signature below, each of Ramakrishna
Prasad Chintamaneni and Patricia B. Morrison hereby irrevocably withdraw his or her name for consideration
as a candidate for election as director of the Board at the 2020 Annual Meeting, effective immediately upon the execution and
delivery of the Agreement. 

 

Very
truly yours,

 

     

     

    

 

	INVESTOR
    GROUP:
	 
	NEW
    MOUNTAIN VANTAGE LO, L.P.
	 
	By:	                
	Name:
	Title:
	 
	NEW
    MOUNTAIN VANTAGE FOCUS, L.P.
	 
	By:	 
	Name:
	Title:
	 
	NEW
    MOUNTAIN VANTAGE (CALIFORNIA) II, L.P.
	 
	By:	 
	Name:
	Title:
	 
	NEW
    MOUNTAIN VANTAGE, L.P.
	 
	By:	 
	Name:
	Title:
	 
	NEW
    MOUNTAIN VANTAGE CO-INVEST II, L.P.
	 
	By:	 
	Name:
	Title:

 

SIGNATURE
PAGE TO WITHDRAWAL OF CONSENT SOLICITATION

 

     

     

    

 

	NEW
    MOUNTAIN VANTAGE GP, L.L.C.
	 
	By:	         
	Name:
	Title:
	 
	NEW
    MOUNTAIN VANTAGE ADVISERS, L.L.C.
	 
	By:	 
	Name:
	Title:

 

	Ramakrishna
    Prasad Chintamaneni
	 
	 
	 
	Patricia
    B. Morrison
	 
	 

 

SIGNATURE
PAGE TO WITHDRAWAL OF CONSENT SOLICITATION

 

     

     

    

 

Exhibit
B

Voting Agreement

 

     

     

    

 

Exhibit
C

Form of Press Release

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}]]