Document:

EX-10.7

 Exhibit 10.7 

AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

THIS AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (as it may be amended, supplemented or restated from time to time in accordance with
the terms of this Amended and Restated Registration Rights Agreement, this “Registration Rights Agreement”), dated as of January 27, 2022 (the “Effective Date”), is made by and among (i) Sports
Entertainment Acquisition Holdings LLC, a Delaware limited liability company (the “Sponsor”); (ii) SGHC Limited, a non-cellular company limited by shares incorporated under the laws of the
Island of Guernsey (“SGHC”); (iii) each of the parties listed on Schedule 1-A attached hereto (collectively, the “SGHC Holders”); (iv) each of the parties listed on
Schedule 1-B attached hereto (collectively, the “Sponsor Holders”); (v) Super Group (SGHC) Limited, a non-cellular company limited by shares
incorporated under the laws of the Island of Guernsey (“PubCo”); (vi) Sports Entertainment Acquisition Corporation, a Delaware corporation (“SEAC”); and (vii) any person or entity who hereafter becomes a party
to this Registration Rights Agreement pursuant to Section 3.11 of this Registration Rights Agreement (together with the Sponsor, the SGHC Holders and the Sponsor Holders, at all times when such parties hold Registrable Securities (as
defined below), the “Holders” and each, a “Holder” and may be referred to herein as a “Party” and collectively as the “Parties”). Capitalized terms used but not otherwise defined
herein shall have the respective meanings set forth in the BCA (as defined below). 
 RECITALS 

WHEREAS, PubCo has entered into that certain Business Combination Agreement, dated as of April 23, 2021 (as it may be amended,
supplemented or restated from time to time in accordance with the terms of such agreement, the “BCA”), by and among SEAC, PubCo, SGHC, Super Group (SGHC) Merger Sub, Inc., a Delaware corporation (“Merger Sub”), and
the Sponsor; 
 WHEREAS, pursuant to the BCA, at the Closing, Merger Sub will merge with and into SEAC (the “Merger”), with
SEAC continuing as the surviving company in the Merger and, after giving effect to the Merger, becoming a wholly owned subsidiary of PubCo on the terms and subject to the conditions set forth in the BCA; 

WHEREAS, upon the effective date of the Merger, the amended and restated articles of incorporation of PubCo shall be adopted by PubCo in
substantially the form agreed among the parties to the BCA in accordance with the BCA; 
 WHEREAS, SEAC, the Sponsor, PJT Partners Holdings
LP (“PJT”) and certain other individuals entered into a Registration Rights Agreement, dated as of October 6, 2020 (the “Original RRA”); 

WHEREAS, in connection with the execution of this Registration Rights Agreement and as a condition to the consummation of the transactions
contemplated by the BCA, SEAC, the Sponsor, PJT and certain other persons desire to amend and restate the Original RRA in the form of this Registration Rights Agreement; and 

WHEREAS, on the Effective Date, the Parties desire to set forth their agreement with respect to registration rights in accordance with the
terms and conditions of this Registration Rights Agreement. 

 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this
Registration Rights Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

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

“Additional Holder” has the meaning set forth in Section 3.11. 

“Additional Holder Common Shares” has the meaning set forth in Section 3.11. 

“Adverse Disclosure” means any public disclosure of material non-public information,
which disclosure, in the good faith determination of the board of directors of PubCo, after consultation with counsel to PubCo, (a) would be required to be made in any Registration Statement or Prospectus in order for the applicable
Registration Statement or Prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein (in the case of any Prospectus and any preliminary Prospectus, in the
light of the circumstances under which they were made) not misleading, (b) would not be required to be made at such time if the Registration Statement were not being filed, declared effective or used, as the case may be, and (c) PubCo has
a bona fide business purpose for not making such information public. 
 “Affiliate” of any particular Person means
any other Person controlling, controlled by or under common control with such Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the
ownership of voting securities, its capacity as a sole or managing member or otherwise. 
 “Automatic Shelf Registration
Statement” has the meaning set forth in Rule 405 promulgated by the SEC pursuant to the Securities Act. 
 “BCA”
has the meaning set forth in the Recitals. 
 “Beneficially Own” has the meaning set forth in Rule 13d-3 promulgated under the Exchange Act. 
 “Common Shares” means the ordinary shares of
PubCo, no par value per share. 
 “Confidential Information” means any confidential,
non-public information of PubCo or its subsidiaries. 
 “Demanding Holders” has the
meaning set forth in Section 2.1(c). 
 “Effective Date” has the meaning set forth in the Preamble. 

  
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 “Equity Securities” means, with respect to any Person, all of the shares of
capital stock or equity of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock or equity of (or other ownership or profit
interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock or equity of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from
such Person of such shares or equity (or such other interests), restricted stock awards, restricted stock units, equity appreciation rights, phantom equity rights, profit participation and all of the other ownership or profit interests of such
Person (including partnership or member interests therein), whether voting or nonvoting. 
 “Exchange Act” means the
Securities Exchange Act of 1934, as amended, and any successor thereto, as the same shall be in effect from time to time. 

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

“Form F-1 Shelf” has the meaning set forth in Section 2.1(a). 

“Form F-3 Shelf” means a Shelf Registration on Forms
F-3 or S-3, as applicable, or any similar short-form registration. 

“Holder” means any holder of Registrable Securities who is or becomes a Party to, or who succeeds to rights under this
Registration Rights Agreement pursuant to Section 3.1. 
 “Holder Information” has the meaning set forth in
Section 2.10(b). 
 “Registration Rights Agreement” has the meaning set forth in the Preamble. 

“Joinder” has the meaning set forth in Section 3.1(a) 

“Lock-Up Period” means the time period during which a Holder is prohibited from
selling Common Shares pursuant to contractual arrangements with PubCo. 
 “Maximum Number of Securities” has the meaning
set forth in Section 2.1(f). 
 “Merger” has the meaning set forth in the Recitals. 

“Minimum Takedown Threshold” has the meaning set forth in Section 2.1(c). 

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

“Original RRA” has the meaning set forth in the Recitals. 

“Party” has the meaning set forth in the Preamble. 

“Piggyback Holders” has the meaning set forth in Section 2.2(a). 

  
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 “Piggyback Registration” has the meaning set forth in
Section 2.2(a). 
 “Potential Takedown Participant” has the meaning set forth in Section 2.1(d).

 “Prospectus” means the prospectus included in any Registration Statement, all amendments (including post-effective
amendments) and supplements to such prospectus, and all material incorporated by reference in such prospectus. 
 “PubCo”
has the meaning set forth in the Preamble. 
 “Registrable Securities” means at any time (a) any Common Shares or
Warrants outstanding on the Closing Date, (b) any Common Shares issued or issuable upon the exercise of the Warrants, and (c) any Equity Securities of PubCo or any Subsidiary of PubCo that may be issued or distributed or be issuable with
respect to the securities referred to in clauses (a) or (b) by way of conversion, dividend, stock or share split or other distribution, merger, consolidation, exchange, recapitalization or reclassification or similar
transaction, in each case held by a Holder, other than any security received pursuant to an incentive plan adopted by PubCo on or after the Closing Date; provided, however, that any such Registrable Securities shall cease to be Registrable
Securities to the extent (A) a Registration Statement with respect to the sale of such Registrable Securities has become effective under the Securities Act and such Registrable Securities have been sold, transferred, disposed of or exchanged in
accordance with the plan of distribution set forth in such Registration Statement, (B) such Registrable Securities shall have ceased to be outstanding, (C) such Registrable Securities have been sold to, or through, a broker, dealer or
underwriter in a public distribution or other public securities transaction, (D) such Registrable Securities shall have been otherwise transferred, new certificates for them not bearing a legend restricting further transfer shall have been
delivered by PubCo and subsequent public distribution of them shall not require registration under the Securities Act or (E) such Common Shares are eligible for resale without any volume restrictions pursuant to Rule 144. 

“Registration” means a registration, including any related Shelf Takedown, effected by preparing and filing a registration
statement, prospectus or similar document in compliance with the requirements of the Securities Act, and such registration statement becoming effective. 

“Registration Expenses” means the expenses of a Registration or other Transfer pursuant to the terms of this Registration
Rights Agreement, including the following: 
 (a) all SEC or securities exchange registration and filing fees (including fees with respect to
filings required to be made with FINRA); 
 (b) all fees and expenses of compliance with securities or blue sky Laws (including fees and
disbursements of counsel for the Underwriters in connection with blue sky qualifications of Registrable Securities); 
 (c) all printing,
messenger, telephone and delivery expenses; 
 (d) all fees and disbursements of counsel for PubCo; 

  
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 (e) all fees and disbursements of all independent registered public accountants of PubCo
incurred in connection with such Registration or Transfer, including the expenses of any special audits and/or comfort letters required or incident to such performance and compliance; 

(f) reasonable out-of-pocket fees and expenses of (a) one
(1) U.S. legal counsel and (b) one (1) Guernsey legal counsel, in each case selected by the majority-in-interest of the Demanding Holders; 

(i) the costs and expenses of PubCo relating to analyst and investor presentations or any “road show” undertaken in connection with
the Registration and/or marketing of the Registrable Securities; and 
 (j) any other fees and disbursements customarily paid by the issuers
of securities. 
 “Registration Statement” means any registration statement that covers the Registrable Securities pursuant
to the provisions of this Registration Rights Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments) and supplements to such registration statement, and all exhibits to and all
material incorporated by reference in such registration statement. 
 “Representatives” means, with respect to any Person,
any of such Person’s officers, directors, managers, members, equityholders, employees, agents, attorneys, accountants, actuaries, consultants, or financial advisors or other Person acting on behalf of such Person. 

“Requesting Holder” has the meaning set forth in Section 2.1(d). 

“SEC” means the United States Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and any successor thereto, as the same shall be in effect from
time to time. 
 “Shelf” has the meaning set forth in Section 2.1(a). 

“Shelf Registration” means a registration of securities pursuant to a Registration Statement filed with the SEC in accordance
with and pursuant to Rule 415 promulgated under the Securities Act. 
 “Shelf Takedown” means an Underwritten Shelf
Takedown or any proposed transfer or sale using a Registration Statement. 
 “Shelf Takedown Request” has the meaning set
forth in Section 2.1(e). 
 “Special Holder” means, together, the Sponsor, the Sponsor Holders and the SGHC
Holders. 
 “Sponsor” has the meaning set forth in the Preamble. 

  
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 “Sponsor Holder” has the meaning set forth in the Preamble. 

“Subsequent Shelf Registration” has the meaning set forth in Section 2.1(b). 

“Transfer” means, when used as a noun, any voluntary or involuntary transfer, sale, pledge or hypothecation or other
disposition by the Transferor (whether by operation of law or otherwise) and, when used as a verb, the Transferor voluntarily or involuntarily, transfers, sells, pledges or hypothecates or otherwise disposes of (whether by operation of law or
otherwise), including, in each case, (a) the establishment or increase of a put equivalent position or liquidation with respect to, or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act with respect
to, any security or (b) entry into any swap or other arrangement that transfers to another Person, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of
such securities, in cash or otherwise. The terms “Transferee,” “Transferor,” “Transferred,” and other forms of the word “Transfer” shall have the correlative meanings. 

“Underwriter” means any investment banker(s) and manager(s) appointed to administer the offering of any Registrable
Securities as principal in an Underwritten Offering. 
 “Underwritten Offering” means a Registration in which securities of
PubCo are sold to an Underwriter for distribution to the public. 
 “Underwritten Shelf Takedown” has the meaning set forth
in Section 2.1(c). 
 “Warrants” means the outstanding warrants following the Merger Effective Time, each
exercisable for one Common Share, to purchase an aggregate of 33,500,000 Common Shares. 
 “Well-Known Seasoned Issuer” has
the meaning set forth in Rule 405 promulgated by the SEC pursuant to the Securities Act. 
 “Withdrawal Notice” has the
meaning set forth in Section 2.1(f). 
 1.2 Interpretive Provisions. For all purposes of this Registration Rights
Agreement, except as otherwise provided in this Registration Rights Agreement or unless the context otherwise requires: 
 (a) the
singular shall include the plural, and the plural shall include the singular, unless the context clearly prohibits that construction. 

(b) the words “hereof”, “herein”, “hereunder” and words of similar import, when used
in this Registration Rights Agreement, refer to this Registration Rights Agreement as a whole and not to any particular provision of this Registration Rights Agreement. 

(c) references in this Registration Rights Agreement to any Law shall be deemed also to refer to such Law, and all rules and regulations
promulgated thereunder. 
 (d) whenever the words “include”, “includes” or “including” are used in this
Registration Rights Agreement, they shall mean “without limitation.” 

  
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 (e) the captions and headings of this Registration Rights Agreement are for
convenience of reference only and shall not affect the interpretation of this Registration Rights Agreement. 
 (f) pronouns of any
gender or neuter shall include, as appropriate, the other pronoun forms. 
 (g) the word “or” shall be construed to mean
“and/or” and the words “neither,” “nor,” “any,” “either” and “or” shall not be exclusive, unless the context clearly prohibits that construction. 

ARTICLE II 

REGISTRATION RIGHTS 

2.1 Shelf Registration. 

(a) Filing. PubCo shall file, within sixty (60) days after the Closing Date, a Registration Statement for a Shelf
Registration on Form F-1 or S-1, as applicable, or any similar long-form registration (the “Form F-1 Shelf,”
and, together with any Subsequent Shelf Registration, the “Shelf”), in each case, covering the resale of all Registrable Securities (determined as of two (2) Business Days prior to such filing) on a delayed or continuous basis.
PubCo shall use its reasonable best efforts to cause the Shelf to become effective as soon as practicable after such filing, but in no event later than sixty (60) days after the initial filing thereof, which shall be extended to ninety
(90) days after the initial filing thereof if the Registration Statement is reviewed by, and comments thereto are provided from, the SEC. The Shelf shall provide for the resale of the Registrable Securities included therein pursuant to any
method or combination of methods legally available to, and requested by, any Special Holder. PubCo shall maintain the Shelf in accordance with the terms of this Registration Rights Agreement, and shall prepare and file with the SEC such amendments,
including post-effective amendments, and supplements as may be necessary to keep such Shelf continuously effective, available for use and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable
Securities. PubCo shall use its commercially reasonable efforts to convert the Form F-1 Shelf (and any Subsequent Shelf Registration) to a Form F-3 Shelf as soon as practicable after PubCo is eligible to use
Form F-3 or S-3, as applicable, or any similar short-form registration. 

(b) Subsequent Shelf Registration. If any Shelf ceases to be effective under the Securities Act for any reason at any time while
there are any Registrable Securities outstanding, PubCo shall use its reasonable best efforts to as promptly as is reasonably practicable cause such Shelf to again become effective under the Securities Act (including obtaining the prompt withdrawal
of any order suspending the effectiveness of such Shelf), and shall use its reasonable best efforts to as promptly as is reasonably practicable amend such Shelf in a manner reasonably expected to result in the withdrawal of any order suspending the
effectiveness of such Shelf or file an additional Registration Statement as a Shelf Registration (a “Subsequent Shelf Registration”) registering the resale of all outstanding Registrable Securities from time to time, and pursuant to
any method or combination of methods legally available to, and requested by, any Special Holder. If a Subsequent Shelf Registration is filed, PubCo shall use its reasonable best efforts to (i) cause

  
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such Subsequent Shelf Registration to become effective under the Securities Act as promptly as is reasonably practicable after the filing thereof (it being agreed that the Subsequent Shelf
Registration shall be an Automatic Shelf Registration Statement if PubCo is a Well-Known Seasoned Issuer at the time of filing) and (ii) keep such Subsequent Shelf Registration continuously effective, available for use and in compliance with
the provisions of the Securities Act until such time as there are no longer any Registrable Securities outstanding. Any such Subsequent Shelf Registration shall be on Form F-3 or Form S-3, as applicable, or any similar short-form registration to the extent that PubCo is eligible to use such form. Otherwise, such Subsequent Shelf Registration shall be on another appropriate form. In the event that
any Holder holds Registrable Securities that are not registered for resale on a delayed or continuous basis, PubCo, upon request of a Holder, shall promptly use its reasonable best efforts to cause the resale of such Registrable Securities to be
covered by either, at PubCo’s option, the Shelf (including by means of a post-effective amendment) or a Subsequent Shelf Registration and cause the same to become effective as soon as practicable after such filing and such Shelf or Subsequent
Shelf Registration shall be subject to the terms of this Registration Rights Agreement. 
 (c) Requests for Underwritten Shelf
Takedowns. At any time and from time to time after the Shelf has been declared effective by the SEC, the Special Holders may request to sell all or any portion of their Registrable Securities in an underwritten offering that is registered
pursuant to the Shelf (each, an “Underwritten Shelf Takedown”); provided that PubCo shall only be obligated to effect an Underwritten Shelf Takedown if such offering (i) shall include securities with a total offering
price (including piggyback securities and before deduction of underwriting discounts) reasonably expected to exceed, in the aggregate, $50 million (the “Minimum Takedown Threshold”) or (ii) shall be made with respect to
all of the Registrable Securities of the Demanding Holder. All requests for Underwritten Shelf Takedowns shall be made by giving written notice to PubCo, which shall specify the approximate number of Registrable Securities proposed to be sold in the
Underwritten Shelf Takedown and the expected price range (net of underwriting discounts and commissions) of such Underwritten Shelf Takedown; provided that each Special Holder agrees that the fact that such a notice has been delivered shall
constitute Confidential Information and shall not be disclosed to any third party (other than any Affiliate, Representative, limited partner or shareholder of such Special Holder), unless (a) such information becomes known to the public through
no fault of such Special Holder or (b) disclosure is required by applicable Law or court of competent jurisdiction or requested by a Governmental Entity. The Special Holders that requested such Underwritten Shelf Takedown (the
“Demanding Holders”) shall have the right to select the Underwriters for such offering (which shall consist of one (1) or more reputable nationally or regionally recognized investment banks), and to agree to the pricing and
other terms of such offering; provided that such selection shall be subject to the consent of PubCo, which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding anything to the contrary contained in this
Registration Rights Agreement, in no event shall any Special Holder or any Transferee thereof request an Underwritten Shelf Takedown during the Lock-Up Period applicable to such Person. The Special Holders may
each demand not more than two (2) Underwritten Shelf Takedowns pursuant to this Section 2.1(c) in any twelve (12) month period, subject to the proviso in the first sentence of this Section 2.1(c). For the avoidance
of doubt, Underwritten Shelf Takedowns shall include underwritten block trades; provided that other Special Holders with Registrable Securities shall have to exercise any piggy-back rights on any such block trade no later than twenty four
(24) hours following receipt of any written notice regarding such 

  
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block trade, which notice shall contain a summary of all material terms of such block trade, to the extent then known. 

(d) Shelf Takedown Participation. Promptly upon receipt of a Shelf Takedown Request (but in no event more than three
(3) Business Days thereafter (or more than twenty-four (24) hours thereafter in connection with an underwritten “block trade”)) for any Underwritten Shelf Takedown, PubCo shall deliver a notice (a “Shelf Takedown
Notice”) to each other Special Holder, with Registrable Securities covered by the applicable Registration Statement (each, a “Potential Takedown Participant”). The Shelf Takedown Notice shall offer each such Potential
Takedown Participant the opportunity to include in any Underwritten Shelf Takedown such number of Registrable Securities as each such Potential Takedown Participant may request in writing (each a “Requesting Holder”). PubCo shall
include in the Underwritten Shelf Takedown all such Registrable Securities with respect to which PubCo has received written requests for inclusion therein within three (3) Business Days (or within twenty-four (24) hours in connection with
an underwritten “block trade”) after the date that the Shelf Takedown Notice has been delivered. Any Requesting Holder’s request to participate in an Underwritten Shelf Takedown shall be binding on the Requesting Holder;
provided that each such Requesting Holder that elects to participate may condition its participation on the Underwritten Shelf Takedown being completed within ten (10) Business Days of its acceptance at a price per share (after giving effect
to any underwriters’ discounts or commissions) to such Requesting Holder of not less than a percentage of the closing price for the shares on their principal trading market on the Business Day immediately prior to such Requesting Holder’s
election to participate, as specified in such Requesting Holder’s request to participate in such Underwritten Shelf Takedown (the “Participation Conditions”). Notwithstanding the delivery of any Shelf Takedown Notice, but
subject to the Participation Conditions (to the extent applicable), all determinations as to whether to complete any Underwritten Shelf Takedown and as to the timing, manner, price and other terms of any Underwritten Shelf Takedown contemplated by
this Section 2.1(d) shall be determined by the Demanding Holders. 
 (e) Reduction of Underwritten Shelf Takedowns.
If the managing Underwriter or Underwriters in an Underwritten Shelf Takedown, in good faith, advise PubCo, the Demanding Holders and the Requesting Holders (if any) in writing that the dollar amount or number of Registrable Securities that the
Demanding Holders and the Requesting Holders (if any) desire to sell, taken together with all other Common Shares or other Equity Securities that PubCo desires to sell and all other Common Shares or other Equity Securities, if any, that have been
requested to be sold in such Underwritten Offering pursuant to separate written contractual piggyback registration rights held by any other shareholders, exceeds the maximum dollar amount or maximum number of Equity Securities that can be sold in
the Underwritten Offering without adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or maximum number of such securities, as applicable,
the “Maximum Number of Securities”), then PubCo shall include in such Underwritten Offering, as follows: at all times (i) first, the Registrable Securities of the Demanding Holders and the Requesting Holders (if any) (pro rata
based on the respective then-ownership of Registrable Securities of each Demanding Holder and Requesting Holder (if any) that has requested to be included in such Underwritten Shelf Takedown) that can be sold without exceeding the Maximum Number of
Securities; (ii) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), the Common Shares or other Equity Securities that 

  
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PubCo desires to sell, which can be sold without exceeding the Maximum Number of Securities; and (iii) third, to the extent that the Maximum Number of Securities has not been reached under
the foregoing clauses (i) and (ii), the Common Shares or other Equity Securities of other Persons that PubCo is obligated to include in such Underwritten Offering pursuant to separate written contractual arrangements with such
Persons and that can be sold without exceeding the Maximum Number of Securities. 
 (f) Withdrawal. Any of the Demanding
Holders initiating an Underwritten Shelf Takedown shall have the right to withdraw from such Underwritten Shelf Takedown for any or no reason whatsoever upon written notification (a “Withdrawal Notice”) to PubCo and the Underwriter
or Underwriters (if any) of such Demanding Holder’s intention to withdraw from such Underwritten Shelf Takedown, prior to the public announcement of the Underwritten Shelf Takedown by PubCo; provided that a Special Holder not so
withdrawing may elect to have PubCo continue an Underwritten Shelf Takedown if the Minimum Takedown Threshold would still be satisfied or if the Underwritten Shelf Takedown would be made with respect to all of the Registrable Securities of such
Special Holder. Following the receipt of any Withdrawal Notice, PubCo shall promptly forward such Withdrawal Notice to any other Special Holders that had elected to participate in such Underwritten Shelf Takedown. Notwithstanding anything to
the contrary contained in this Registration Rights Agreement, PubCo shall be responsible for the Registration Expenses incurred in connection with the Underwritten Shelf Takedown prior to delivery of a Withdrawal Notice under this
Section 2.1(f). 
 2.2 Piggyback Registration. 

(a) Piggyback Rights. If PubCo proposes to file a Registration Statement under the Securities Act with respect to an offering of
Equity Securities of PubCo or securities or other obligations exercisable or exchangeable for or convertible into Equity Securities of PubCo, for its own account or for the account of shareholders of PubCo, other than a Registration Statement (or
any registered offering with respect thereto) (i) filed in connection with any employee share option or other benefit plan, (ii) pursuant to a Registration Statement on Form S-4 (or similar form that
relates to a transaction subject to Rule 145 under the Securities Act or any successor rule thereto), (iii) for an exchange offer or offering of securities solely to PubCo’s existing shareholders, (iv) for an offering of debt that is
convertible into equity securities of PubCo, or (v) for a dividend reinvestment plan, then PubCo shall give written notice of such proposed offering to each Special Holder (collectively, the “Piggyback Holders”) as soon as
practicable but not less than four (4) calendar days before the anticipated filing date of such Registration Statement or, in the case of an underwritten offering pursuant to a Shelf Registration, the launch date of such offering, which notice
shall (A) describe the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any and if known, in such offering, and
(B) offer to all of the Piggyback Holders the opportunity to include in such registered offering such number of Registrable Securities as such Piggyback Holders may request in writing within three (3) calendar days after receipt of such
written notice (such registered offering, a “Piggyback Registration”); provided that each Piggyback Holder agrees that the fact that such a notice has been delivered shall constitute Confidential Information and shall not be
disclosed to any third party (other than any Affiliate, Representative, limited partner or shareholder of such Special Holder), unless (a) such information becomes known to the public through no fault of such Special Holder or
(b) disclosure is required 

  
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by applicable Law or court of competent jurisdiction or requested by a Governmental Entity. PubCo shall cause such Registrable Securities to be included in such Piggyback Registration and shall
use its reasonable best efforts to cause the managing Underwriter or Underwriters of a proposed Underwritten Offering to permit the Registrable Securities requested by the Piggyback Holders pursuant to this Section 2.2(a) to be included
in a Piggyback Registration on the same terms and conditions as any similar securities of PubCo included in such registered offering and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s)
of distribution thereof. The inclusion of any Piggyback Holder’s Registrable Securities in a Piggyback Registration shall be subject to such Piggyback Holder’s agreement to abide by the terms of Section 2.6 below. 

(b) Reduction of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Offering that is to be a
Piggyback Registration (other than an Underwritten Shelf Takedown), in good faith, advises PubCo and the Piggyback Holders participating in the Piggyback Registration in writing that the dollar amount or number of Common Shares or other Equity
Securities that PubCo desires to sell, taken together with (i) the Common Shares or other Equity Securities, if any, as to which Registration or a registered offering has been demanded pursuant to separate written contractual arrangements with
Persons other than the Piggyback Holders hereunder and (ii) the Common Shares or other Equity Securities, if any, as to which registration has been requested pursuant to Section 2.2, exceeds the Maximum Number of Securities, then:

 (i) If the Registration is initiated and undertaken for PubCo’s account, PubCo shall include in any such Registration
(A) first, the Common Shares or other Equity Securities that PubCo desires to sell, which can be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached
under the foregoing clause (A), the Registrable Securities of Piggyback Holders exercising their rights to register their Registrable Securities pursuant to Section 2.2(a) (pro rata based on the respective then-ownership of
Registrable Securities of each Special Holder that has requested to be included in such Registration), which can be sold without exceeding the Maximum Number of Securities; and (C) third, to the extent that the Maximum Number of Securities has
not been reached under the foregoing clauses (A) and (B), the Common Shares or other Equity Securities, if any, as to which Registration has been requested pursuant to written contractual piggyback registration rights of other
shareholders of PubCo, which can be sold without exceeding the Maximum Number of Securities; or 
 (ii) If the Registration is
pursuant to a request by Persons other than the Piggyback Holders, then PubCo shall include in any such Registration (A) first, the Common Shares or other Equity Securities, if any, of such requesting Persons, other than the Piggyback Holders,
which can be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable Securities of Piggyback Holders
exercising their rights to register their Registrable Securities pursuant to Section 2.2(a) (pro rata based on the respective then-ownership of Registrable Securities of each Piggyback Holder that has requested to be included in such
Registration) which can be sold without exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A) and (B), the Common
Shares or other Equity Securities that PubCo desires to sell, 

  
 11 

 
which can be sold without exceeding the Maximum Number of Securities; and (D) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses
(A), (B) and (C), the Common Shares or other Equity Securities, if any, for the account of other Persons that PubCo is obligated to register pursuant to separate written contractual piggyback registration rights of such Persons,
which can be sold without exceeding the Maximum Number of Securities. 
 Notwithstanding anything to the contrary in this
Section 2.2(b), in the event a Demanding Holder has submitted notice for a bona fide Underwritten Shelf Takedown and all sales pursuant to such Underwritten Shelf Takedown pursuant to Section 2.1 have not been effected in
accordance with the applicable plan of distribution or submitted a Withdrawal Notice prior to such time that PubCo has given written notice of a Piggyback Registration to all Piggyback Holders pursuant to Section 2.2, then any reduction
in the number of Registrable Securities to be offered in such offering shall be determined in accordance with Section 2.1(e), instead of this Section 2.2(b). 

(c) Piggyback Registration Withdrawal. Any Piggyback Holder shall have the right to withdraw from a Piggyback Registration for
any or no reason whatsoever upon written notification to PubCo and the Underwriter or Underwriters (if any) of such Piggyback Holder’s intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration
Statement filed with the SEC with respect to such Piggyback Registration or, in the case of a Piggyback Registration pursuant to a Shelf Registration, the filing of the applicable “red herring” prospectus or prospectus supplement with
respect to such Piggyback Registration used for marketing such transaction. PubCo (whether on its own good faith determination or as the result of a request for withdrawal by Persons pursuant to separate written contractual obligations) may withdraw
a Registration Statement filed with the SEC in connection with a Piggyback Registration (which, in no circumstance, shall include the Shelf) at any time prior to the effectiveness of such Registration Statement. Notwithstanding anything to the
contrary set forth in this Registration Rights Agreement, PubCo shall be responsible for the Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under this Section 2.2(c). 

(d) Notwithstanding anything herein to the contrary, this Section 2.2 shall not apply (a) for any Holder or Party,
prior to the expiration of the Lock-Up Period applicable to such Holder or Party or (b) to any Shelf Takedown irrespective of whether such Shelf Takedown is an Underwritten Shelf Takedown or not an
Underwritten Shelf Takedown. 
 2.3 Restrictions on Transfer. In connection with any Underwritten Offering of Equity Securities of
PubCo, (i) each Holder agrees that it shall not Transfer any Common Shares (other than those included in such offering pursuant to this Registration Rights Agreement), without the prior written consent of PubCo, during the seven
(7) calendar days prior (to the extent notice of such Underwritten Offering has been provided) to and the 90-day period beginning on the date of pricing of such offering, except in the event the
Underwriter managing the offering otherwise agrees to a reduced period which shall apply to all Holders, and further agrees to execute a customary lock-up agreement in favor of the Underwriters to such effect
(in each case on substantially the same terms and conditions as all such Holders), (ii) PubCo will cause each of its directors and executive officers to execute a lock-up on terms at least as restrictive as
that contemplated by the preceding clause (i) and (iii) PubCo will not effect any public offering or 

  
 12 

 
distribution of its equity securities or any securities convertible or exchangeable or exercisable for such securities during the period contemplated in clause (i) (other than (a) as
part of any such Underwritten Offering, (b) in connection with a registration related to any employee stock option or other benefit plan, (c) an exchange offer or offering in connection with a business acquisition or combination pursuant
to a Registration Statement on Form F-4 or S-4, as applicable, or such other similar form as may be applicable, (d) for an offering of debt that is convertible into
equity securities of PubCo, or (e) for a dividend reinvestment plan). 
 2.4 General Procedures. In connection with effecting any
Registration and/or Shelf Takedown, subject to applicable Law and any regulations promulgated by any securities exchange on which PubCo’s Equity Securities are then listed, each as interpreted by PubCo with the advice of its counsel, PubCo
shall use its reasonable best efforts (except as set forth in clause (d) below) to effect such Registration to permit the sale of the Registrable Securities included in such Registration in accordance with the intended plan of
distribution thereof, and pursuant thereto PubCo shall, as expeditiously as possible: 
 (a) prepare and file with the SEC as soon as
practicable a Registration Statement with respect to such Registrable Securities and use its reasonable best efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities covered by such
Registration Statement have been sold; 
 (b) prepare and file with the SEC such amendments and post-effective amendments to the
Registration Statement, and such supplements to the Prospectus, as may be reasonably requested by any Holder or as may be required by the rules, regulations or instructions applicable to the registration form used by PubCo or by the Securities Act
or rules and regulations thereunder to keep the Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold in accordance with the intended plan of distribution set forth in such Registration
Statement or supplement to the Prospectus; 
 (c) prior to filing a Registration Statement or Prospectus, or any amendment or
supplement thereto, furnish without charge to the Underwriters, if any, and the Special Holders of Registrable Securities included in such Registration, and such Special Holders’ legal counsel, if any, copies of such Registration Statement as
proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement (including each
preliminary Prospectus), and such other documents as the Underwriters or the Special Holders of Registrable Securities included in such Registration or the legal counsel for any such Special Holders, if any, may reasonably request in order to
facilitate the disposition of the Registrable Securities owned by such Special Holders; 
 (d) prior to any public offering of
Registrable Securities, use its best efforts to (i) register or qualify the Registrable Securities covered by the Registration Statement under such securities or “blue sky” Laws of such jurisdictions in the United States as the
Holders of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution) may request (or provide evidence satisfactory to such Holders that the Registrable Securities are exempt from such
registration or qualification) and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered with or 

  
 13 

 
approved by such other Governmental Entities as may be necessary by virtue of the business and operations of PubCo and do any and all other acts and things that may be necessary or advisable to
enable the Holders of Registrable Securities included in such Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however, that PubCo shall not be required to qualify generally
to do business in any jurisdiction where it would not otherwise be required to qualify or take any action to which it would be subject to general service of process or taxation in any such jurisdiction where it is not then otherwise so subject; 

(e) cause all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar
securities issued by PubCo are then listed; 
 (f) provide a transfer agent or warrant agent, as applicable, and registrar for all
such Registrable Securities no later than the effective date of such Registration Statement; 
 (g) advise each Holder of Registrable
Securities covered by a Registration Statement, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the SEC suspending the effectiveness of such Registration Statement or the initiation or
threatening of any proceeding for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order or to obtain its withdrawal if such stop order should be issued; 

(h) at least three (3) calendar days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement
to such Registration Statement or Prospectus or any document that is to be incorporated by reference into such Registration Statement or Prospectus furnish a draft thereof to each Special Holder of Registrable Securities included in such
Registration Statement, or its counsel, if any (excluding any exhibits thereto and any filing made under the Exchange Act that is to be incorporated by reference therein); 

(i) notify the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the
Securities Act, of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes a Misstatement, and then to correct such Misstatement as set forth in Section 2.7;

 (j) permit Representatives of the Special Holders, the Underwriters, if any, and any attorney, consultant or accountant retained by
such Special Holders or Underwriter to participate, at each such Person’s own expense except to the extent such expenses constitute Registration Expenses, in the preparation of the Registration Statement, and cause PubCo’s officers,
directors and employees to supply all information reasonably requested by any such Representative, Underwriter, attorney, consultant or accountant in connection with the Registration; provided, however, that such Persons agree to
confidentiality arrangements reasonably satisfactory to PubCo, prior to the release or disclosure of any such information; 
 (k)
obtain a “cold comfort” letter, and a bring-down thereof, from PubCo’s independent registered public accountants in the event of an Underwritten Offering which the participating Special Holders may rely on, in customary form and
covering such matters of the 

  
 14 

 
type customarily covered by “cold comfort” letters as the managing Underwriter may reasonably request, and reasonably satisfactory to the participating Special Holders; 

(l) on the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion and negative
assurance letter, dated such date, of counsel representing PubCo for the purposes of such Registration, addressed to the Special Holders, the placement agent or sales agent, if any, and the Underwriters, if any, covering such legal matters with
respect to the Registration in respect of which such opinion is being given as the Special Holders, placement agent, sales agent, or Underwriter may reasonably request and as are customarily included in such opinions and negative assurance letters,
and reasonably satisfactory to the participating Special Holders; 
 (m) in the event of any Underwritten Offering, enter into and
perform its obligations under an underwriting agreement, in usual and customary form, with the managing Underwriter of such offering; 

(n) make available to its security holders, as soon as reasonably practicable, an earnings statement which satisfies the provisions of
Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule promulgated thereafter by the SEC); 
 (o) if
an Underwritten Offering involves Registrable Securities with a total offering price (including piggyback securities and before deduction of underwriting discounts) reasonably expected to exceed, in the aggregate, $50 million, use its
reasonable best efforts to make available senior executives of PubCo to participate in customary “road show” presentations that may be reasonably requested by the Underwriter in such Underwritten Offering; and 

(p) otherwise, in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested, by the Holders,
in connection with such Registration, including causing senior management to participate in meetings with Underwriters, attorneys, accountants and potential investors. 

2.5 Registration Expenses. The Registration Expenses of all Registrations shall be borne by PubCo. It is acknowledged by the Holders
that the Holders selling any Registrable Securities in an offering shall bear all incremental selling expenses relating to the sale of Registrable Securities, such as Underwriters’ commissions and discounts, brokerage fees, Underwriter
marketing costs and, other than as set forth in the definition of “Registration Expenses,” all reasonable fees and expenses of any legal counsel representing such Holders, in each case pro rata based on the number of Registrable Securities
that such Holders have sold in such Registration. 
 2.6 Requirements for Participating in Underwritten Offerings. Notwithstanding
anything to the contrary contained in this Registration Rights Agreement, if any Holder does not provide PubCo with its requested Holder Information, PubCo may exclude such Holder’s Registrable Securities from the applicable Registration
Statement or Prospectus if PubCo determines, based on the advice of counsel, that such information is necessary to effect the registration and such Holder continues thereafter to withhold such information. No Person may participate in any
Underwritten Offering of Equity Securities of PubCo pursuant to a Registration 

  
 15 

 under this Registration Rights Agreement unless such Person (a) agrees to sell such Person’s
Registrable Securities on the basis provided in any underwriting and other arrangements approved by PubCo in the case of an Underwritten Offering initiated by PubCo, and approved by the Demanding Holders in the case of an Underwritten Offering
initiated by the Demanding Holders and (b) completes and executes all customary questionnaires, powers of attorney, custody agreements, indemnities, lock-up agreements, underwriting agreements and other
customary documents as may be reasonably required under the terms of such underwriting arrangements. Subject to the minimum thresholds set forth in Section 2.1(c) and 2.4(o), the exclusion of a Holder’s Registrable Securities
as a result of this Section 2.6 shall not affect the registration of the other Registrable Securities to be included in such Registration. 

2.7 Suspension of Sales; Adverse Disclosure. Upon receipt of written notice from PubCo that a Registration Statement or Prospectus
contains a Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended Prospectus correcting the Misstatement (and PubCo hereby covenants to prepare
and file such supplement or amendment as soon as practicable after giving such notice), or until it is advised in writing by PubCo that the use of the Prospectus may be resumed. If the filing, initial effectiveness or continued use of a Registration
Statement in respect of any Registration at any time would require PubCo to make an Adverse Disclosure or would require the inclusion in such Registration Statement of financial statements that are unavailable to PubCo for reasons beyond
PubCo’s control, PubCo may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such Registration Statement for the shortest period of time, but in no event more than
90 days in any 12-month period, determined in good faith by PubCo to be necessary for such purpose. In the event PubCo exercises its rights under the preceding sentence, the Holders agree to suspend,
immediately upon their receipt of the notice referred to above, their use of the Prospectus relating to such Registration in connection with any sale or offer to sell Registrable Securities. PubCo shall immediately notify the Holders of the
expiration of any period during which it exercised its rights under this Section 2.7. 
 2.8 Reporting Obligations. As long as
any Holder shall own Registrable Securities, PubCo, at all times while it shall be a reporting company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports
required to be filed by PubCo after the Effective Date pursuant to Sections 13(a) or 15(d) of the Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings; provided that any documents publicly filed
or furnished with the SEC pursuant to the Electronic Data Gathering, Analysis and Retrieval System shall be deemed to have been furnished to the Holders pursuant to this Section 2.8. 

2.9 Other Obligations. In connection with a Transfer of Registrable Securities exempt from Section 5 of the Securities Act or
through any broker-dealer transactions described in the plan of distribution set forth within the Prospectus and pursuant to the Registration Statement of which such Prospectus forms a part, PubCo shall, subject to applicable Law, as interpreted by
PubCo with the advice of counsel, and the receipt of any customary documentation required from the applicable Holders in connection therewith, (a) promptly instruct its transfer agent to remove any restrictive legends applicable to the
Registrable Securities being Transferred and (b) cause its legal counsel to deliver the necessary legal opinions, if any, to the transfer agent in connection 

  
 16 

 with the instruction under clause (a). In addition, PubCo shall cooperate reasonably with, and take
such customary actions as may reasonably be requested by the Holders, in connection with the aforementioned Transfers; provided, however, that PubCo shall have no obligation to participate in any “road shows” or assist with the
preparation of any offering memoranda or related documentation with respect to any Transfer of Registrable Securities in any transaction that does not constitute an Underwritten Offering. 

2.10 Indemnification and Contribution. 

(a) PubCo agrees to indemnify and hold harmless each Holder, its officers, managers, directors, trustees, equityholders, beneficiaries,
affiliates, agents and Representatives and each Person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, losses, liabilities and expenses (including attorneys’ fees) (or actions in respect
thereto) caused by, resulting from, arising out of or based upon (i) any untrue or alleged untrue statement of material fact contained in any Registration Statement, Prospectus or preliminary Prospectus or similar document incident to any
Registration, qualification, compliance or sale effected pursuant to this Article II or any amendment thereof or supplement thereto, or any omission or alleged omission of a material fact required to be stated therein or necessary to make the
statements therein not misleading, or (ii) any violation or alleged violation by PubCo of the Securities Act or any other similar federal or state securities Laws, and will reimburse, as incurred, each such Holder, its officers, managers,
directors, trustees, equityholders, beneficiaries, affiliates, agents and Representatives and each Person who controls such Holder (within the meaning of the Securities Act) for any legal and any other expenses reasonably incurred in connection with
investigating or defending any such claim, loss, damage, liability or action; provided that, PubCo will not be liable in any such case to the extent that any such claim, damage, loss, liability or expense are caused by or arises out of or is
based on any untrue statement or omission made in reliance and in conformity with written information furnished to PubCo by or on behalf of such Holder expressly for use therein. PubCo shall indemnify the Underwriters, their officers and directors
and each Person who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing sentence with respect to the indemnification of each Holder. 

(b) In connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall
furnish to PubCo in writing such information and affidavits as PubCo reasonably requests for use in connection with any such Registration Statement or Prospectus (the “Holder Information”) and, to the extent permitted by Law, such
Holder shall indemnify and hold harmless PubCo, its directors, officers, employees, equityholders, affiliates and agents and each Person who controls PubCo (within the meaning of the Securities Act) against any losses, claims, damages, liabilities
and expenses (including reasonable attorneys’ fees) (or actions in respect thereof) arising out of, resulting from or based on any untrue statement of material fact contained in the Registration Statement, Prospectus or preliminary Prospectus
or similar document or any amendment thereof or supplement thereto, or any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or
omission is contained in any information or affidavit so furnished in writing by or on behalf of such Holder expressly for use therein; provided, however, that the obligation to indemnify shall be several, not joint and several, among such
Holders of Registrable Securities, and the liability of each such Holder of 

  
 17 

 
Registrable Securities shall be in proportion to and limited to the net proceeds received by such Holder from the sale of Registrable Securities pursuant to such Registration Statement. The
Holders of Registrable Securities shall indemnify the Underwriters, their officers, directors and each Person who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing sentence with
respect to indemnification of PubCo. 
 (c) Any Person entitled to indemnification under this Section 2.10 shall
(i) give prompt written notice, after such Person has actual knowledge thereof, to the indemnifying party of any claim with respect to which such Person seeks indemnification (provided that the failure to give prompt notice shall not impair any
Person’s right to indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying party in the defense of any such claim or any such litigation) and (ii) permit such indemnifying party to assume the
defense of such claim with counsel reasonably satisfactory to the indemnified party (not be unreasonably withheld, conditioned or delayed) and the indemnified party may participate in such defense at the indemnifying party’s expense if
representation of such indemnified party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. An indemnifying party, in the defense
of any such claim or litigation, without the consent of each indemnified party, may only consent to the entry of any judgment or enter into any settlement that (i) includes as a term thereof the giving by the claimant or plaintiff therein to
such indemnified party of an unconditional release from all liability with respect to such claim or litigation and (ii) does not include any recovery (including any statement as to or an admission of fault, culpability or a failure to act by or
on behalf of such indemnified party) other than monetary damages, and provided, that any sums payable in connection with such settlement are paid in full by the indemnifying party. 

(d) The indemnification provided under this Registration Rights Agreement shall remain in full force and effect regardless of any
investigation made by or on behalf of the indemnified party or any officer, manager, director, Representative or controlling Person of such indemnified party and shall survive the Transfer of securities. 

(e) If the indemnification provided in this Section 2.10 from the indemnifying party is unavailable or insufficient to hold
harmless an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the indemnifying party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the
indemnified party as a result of such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified party, as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or
omission or alleged omission to state a material fact, was made by, or relates to information supplied by, such indemnifying party or indemnified party, and the indemnifying party’s and indemnified party’s relative intent, knowledge,
access to information and opportunity to correct or prevent such action; provided, however, that the liability of any Holder under this Section 2.10(e) shall be limited to the amount of the net proceeds received by such Holder in
such offering giving rise to such liability. The amount paid or payable by a Party as a result of the losses or other liabilities referred to above shall be deemed to include, subject to the limitations set forth in Sections 2.10(a),
2.10(b) and 2.10(c), any legal or other fees, charges or expenses reasonably 

  
 18 

 
incurred by such Party in connection with any investigation or proceeding. The Parties agree that it would not be just and equitable if contribution pursuant to this Section 2.10(e)
were determined by pro rata allocation or by any other method of allocation, which does not take account of the equitable considerations referred to in this Section 2.10(e). No Person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to this Section 2.10(e) from any Person who was not guilty of such fraudulent misrepresentation. 

2.11 Other Registration Rights. Other than the registration rights set forth in the Original RRA and the Warrant Agreement, dated as of
October 6, 2020, by and between SEAC and Continental Stock Transfer & Trust Company, PubCo represents and warrants that no Person, other than a Holder of Registrable Securities pursuant to this Registration Rights Agreement, has any
right to require PubCo to register any securities of PubCo for sale or to include such securities of PubCo in any Registration Statement filed by PubCo for the sale of securities for its own account or for the account of any other Person. Further,
each of PubCo and the Sponsor represents and warrants that this Registration Rights Agreement supersedes any other registration rights agreement or agreements (including the Original RRA), other than the Warrant Agreement. The parties hereby amend
and restate the Original RRA, which shall be of no further force and effect and is hereby superseded and replaced in its entirety by this Registration Rights Agreement. Without the prior written consent of the majority in interest of the Special
Holders, PubCo shall not hereafter enter into any agreement with respect to its securities which is inconsistent with or violates the rights granted to the holders of Registrable Securities in this Registration Rights Agreement and in the event of
any conflict between any such agreement or agreements and this Registration Rights Agreement, the terms of this Registration Rights Agreement shall prevail. 

2.12 Rule 144. With a view to making available to the Holders the benefits of Rule 144 promulgated under the Securities Act, PubCo
covenants that it will (a) make available at all times information necessary to comply with Rule 144, if such Rule is available with respect to resales of the Registrable Securities under the Securities Act, and (b) take such further
action as the Holders may reasonably request, all to the extent required from time to time to enable them to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144
promulgated under the Securities Act (if available with respect to resales of the Registrable Securities), as such rule may be amended from time to time. Upon the request of any Holder, PubCo will deliver to such Holder a written statement as to
whether PubCo has complied with such information requirements, and, if not, the specific reasons for non-compliance. 

2.13 Term. Article II shall terminate with respect to any Holder on the date that such Holder no longer holds any Registrable
Securities. The provisions of Section 2.10 shall survive any such termination with respect to such Holder. 
 2.14 Holder
Information. Each Holder agrees, if requested in writing by PubCo, to represent to PubCo the total number of Registrable Securities held by such Holder in order for PubCo to make determinations under this Registration Rights Agreement, including
for purposes of Section 2.12. Other than the SGHC Holders and the Sponsor Holders, a Party who does not hold Registrable Securities as of the Closing Date and who acquires Registrable Securities after the

  
 19 

 
Closing Date will not be a “Holder” until such Party gives PubCo a representation in writing of the number of Registrable Securities it holds. 

2.15 Amendment and Restatement of Original RRA. Upon the Closing, the Original RRA shall automatically be amended and restated by this
Registration Rights Agreement, and all of the respective rights and obligations of the parties under the Original RRA will be hereby superseded in their entirety by the rights and obligations set forth herein. 

2.16 Distributions; Direct Ownership. 

(a) In the event that the Sponsor distributes all of its Registrable Securities to its members, the members of the Sponsor shall be
treated as the Sponsor under this Registration Rights Agreement; provided that they agree in writing to be bound by the terms of this Agreement; provided, further, that such members of the Sponsor, taken as a whole, shall not be
entitled to rights in excess of those conferred on the Sponsor, as if the Sponsor remained a single entity party to this Registration Rights Agreement. 

(b) Notwithstanding anything to the contrary contained herein, in the event that the members of the Sponsor hold any Registrable
Securities directly, the members of the Sponsor shall be treated as the Sponsor under this Registration Rights Agreement; provided that the members of the Sponsor, taken as a whole, shall not be entitled to rights in excess of those conferred
on the Sponsor, as if the Sponsor remained a single entity party to this Registration Rights Agreement. 
 (c) In the event that an
SGHC Holder distributes all of its Registrable Securities to its members, such distributees shall be treated as an SGHC Holder under this Registration Rights Agreement; provided that such distributees, taken as a whole, shall not be entitled
to rights in excess of those conferred on an SGHC Holder, as if such SGHC Holder remained a single party to this Registration Rights Agreement. 

(d) Notwithstanding the foregoing, no distribution for purposes of this Section 2.16 may occur prior to the conclusion of any Lock-Up Period applicable to the Sponsor or such SGHC Holder, as applicable, except as expressly permitted under the Lock-up Agreement. 

2.17 Adjustments. If there are any changes in the Common Shares as a result of share split, share dividend, combination or
reclassification, or through merger, consolidation, recapitalization or other similar event, appropriate adjustment shall be made in the provisions of this Registration Rights Agreement, as may be required, so that the rights, privileges, duties and
obligations under this Registration Rights Agreement shall continue with respect to the Common Shares as so changed. 

  
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 ARTICLE III 

GENERAL PROVISIONS 

3.1 Assignment; Successors and Assigns; No Third Party Beneficiaries. 

(a) Except as otherwise permitted pursuant to this Registration Rights Agreement, and other than assignments in connection with a
distribution pursuant to Section 2.16, no Party may assign such Party’s rights and obligations under this Registration Rights Agreement, in whole or in part, without the prior written consent of PubCo. Any such assignee may not
again assign those rights, other than in accordance with this Article III. Any attempted assignment of rights or obligations in violation of this Article III shall be null and void. 

(b) Notwithstanding anything to the contrary contained in this Registration Rights Agreement (other than the succeeding sentence of this
Section 3.1(b)), prior to the expiration of the Lock-Up Period applicable to such Holder, no Holder may Transfer such Holder’s rights or obligations under this Registration Rights Agreement in
connection with a Transfer of such Holder’s Registrable Securities, in whole or in part, except as expressly permitted under the Lock-up Agreement. Any Transferee of Registrable Securities (other than
pursuant to an effective Registration Statement or a Rule 144 transaction) pursuant to this Section 3.1(b) shall be required, at the time of and as a condition to such Transfer, to become a party to this Registration Rights Agreement by
executing and delivering a joinder in the form attached to this Registration Rights Agreement as Exhibit A (a “Joinder”), whereupon such Transferee will be treated as a Party (with the same rights and obligations as the
Transferor) for all purposes of this Registration Rights Agreement. No Transfer of Registrable Securities by a Holder shall be registered on PubCo’s books and records, and such Transfer of Registrable Securities shall be null and void and not
otherwise effective, unless any such Transfer is made in accordance with the terms and conditions of this Registration Rights Agreement, and PubCo is hereby authorized by all of the Holders to enter appropriate stop transfer notations on its
transfer records to give effect to this Registration Rights Agreement. 
 (c) All of the terms and provisions of this Registration
Rights Agreement shall be binding upon the Parties and their respective successors, assigns, heirs and representatives, but shall inure to the benefit of and be enforceable by the successors, assigns, heirs and representatives of any Party only to
the extent that they are permitted successors, assigns, heirs and representatives pursuant to the terms of this Registration Rights Agreement. 

(d) Nothing in this Registration Rights Agreement, express or implied, is intended to confer upon any Party, other than the Parties and
their respective permitted successors, assigns, heirs and representatives, any rights or remedies under this Registration Rights Agreement or otherwise create any third party beneficiary hereto. 

3.2 Termination. Article II of this Registration Rights Agreement shall terminate as set forth in Section 2.13. The
remainder of this Registration Rights Agreement shall terminate automatically (without any action by any Party) as to each Holder when such Holder ceases to Beneficially Own any Registrable Securities; provided that, the provisions of
Section 2.10 shall survive any such termination with respect to such Holder. 

  
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 3.3 Severability. If any provision of this Registration Rights Agreement is
determined to be invalid, illegal or unenforceable by any Governmental Entity, the remaining provisions of this Registration Rights Agreement, to the extent permitted by Law shall remain in full force and effect. 

3.4 Entire Agreement; Amendments; No Waiver. 

(a) This Registration Rights Agreement, together with the Exhibit to this Registration Rights Agreement, the BCA, and all other
Ancillary Agreements, constitute the entire agreement among the Parties with respect to the subject matter hereof and thereof and supersede all prior and contemporaneous agreements, understandings and discussions, whether oral or written, relating
to such subject matter in any way and there are no warranties, representations or other agreements among the Parties in connection with such subject matter except as set forth in this Registration Rights Agreement and therein. 

(b) No provision of this Registration Rights Agreement may be amended, modified or waived in whole or in part at any time without the
express written consent of (i) PubCo, and (ii) in any event at least the Holders holding in the aggregate more than fifty percent (50%) of the Registrable Securities Beneficially Owned by the Holders immediately after the Closing;
provided that any such amendment, modification or waiver that would be materially adverse in any respect to any Sponsor Holder shall require the prior written consent of Sponsor. 

3.5 Counterparts; Electronic Delivery. This Registration Rights Agreement and any other agreements, certificates, instruments and
documents delivered pursuant to this Registration Rights Agreement may be executed and delivered in one or more counterparts and by fax, email or other electronic transmission, each of which shall be deemed an original and all of which shall be
considered one and the same agreement. No Party shall raise the use of a fax machine or email to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a fax machine or email
as a defense to the formation or enforceability of a contract and each Party forever waives any such defense. 
 3.6 Notices. All
notices, demands and other communications to be given or delivered under this Registration Rights Agreement shall be in writing and shall be deemed to have been given (a) when personally delivered (or, if delivery is refused, upon presentment)
or received by email (with confirmation of transmission) prior to 5:00 p.m. eastern time on a Business Day and, if otherwise, on the next Business Day, (b) one (1) Business Day following sending by reputable overnight express courier (charges
prepaid) or (c) three (3) calendar days following mailing by certified or registered mail, postage prepaid and return receipt requested. Unless another address is specified in writing pursuant to the provisions of this Section 3.6,
notices, demands and other communications shall be sent to the addresses indicated below: 

  
 22 

 if to PubCo, to: 
  

	
	 Super Group (SGHC) Limited

Kingsway House, Havilland Street

St. Peter Port, Guernsey

GYI 2QE
 Attention: Sarah
Imossi
 Email: sarah@sghc.com
  

with copies (which shall not constitute notice) to:
  

Cooley (UK) LLP

Dashwood
 69 Old Broad
Street
 London, UK EC2M 1QS

Attention: Justin Stock, Garth Osterman and Miguel J. Vega

Email: jstock@cooley.com, gosterman@cooley.com and mvega@cooley.com

 if to SGHC, to: 
  

	
	 SGHC Limited

Kingsway House, Havilland Street

St. Peter Port, Guernsey

GYI 2QE
 Attention: Sarah
Imossi
 Email: sarah@sghc.com
  

with a copy (which shall not constitute notice) to:
  

Cooley (UK) LLP

Dashwood
 69 Old Broad
Street
 London, UK EC2M 1QS

Attention: Justin Stock, Garth Osterman and Miguel J. Vega

Email: jstock@cooley.com, gosterman@cooley.com and mvega@cooley.com

 if to SGHC Holders, to: 
  

	
	 c/o SGHC Limited

Kingsway House, Havilland Street

St. Peter Port, Guernsey

GYI 2QE
 Attention: Sarah
Imossi
 Email: sarah@sghc.com

  
 23 

 if to the Sponsor, 

as applicable, to: 
  

	
	 Golden Bear Plaza

11760 US Highway 1, Suite W506

North Palm Beach, FL 33408

Attention: Eric Grubman; John Collins

Email: ericgrubman@comcast.net and jcollins@seahllc.com
  

with a copy (which shall not constitute notice) to:
  

Ropes & Gray LLP

1211 Avenue of the Americas

New York, NY 10036

Attention: Carl Marcellino, Paul Tropp and Rachel Phillips

Email: carl.marcellino@ropesgray.com, paul.tropp@ropesgray.com and rachel.phillips@ropesgray.com

 3.7 Governing Law; Waiver of Jury Trial; Jurisdiction. The Law of the State of New York shall govern
(a) all Proceedings, claims or matters related to or arising from this Registration Rights Agreement (including any tort or non-contractual claims) and (b) any questions concerning the construction,
interpretation, validity and enforceability of this Registration Rights Agreement, and the performance of the obligations imposed by this Registration Rights Agreement, in each case without giving effect to any choice of Law or conflict of Law rules
or provisions (whether of the State of New York or any other jurisdiction) that would cause the application of the Law of any jurisdiction other than the State of New York. EACH PARTY TO THIS REGISTRATION RIGHTS AGREEMENT HEREBY IRREVOCABLY WAIVES
ALL RIGHTS TO TRIAL BY JURY IN ANY PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN OR AMONG ANY OF THE PARTIES (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THIS REGISTRATION RIGHTS
AGREEMENT, THE TRANSACTIONS CONTEMPLATED BY THIS REGISTRATION RIGHTS AGREEMENT AND/OR THE RELATIONSHIPS ESTABLISHED AMONG THE PARTIES UNDER THIS REGISTRATION RIGHTS AGREEMENT. THE PARTIES HERETO FURTHER WARRANT AND REPRESENT THAT EACH HAS REVIEWED
THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. Except to the extent the terms hereof require interpretation of a law, regulation or public policy of
Guernsey, in which case the law, regulations and public policies of Guernsey shall govern, each of the Parties submits to the exclusive jurisdiction of any state or federal court in New York County in the State of New York, in any Proceeding arising
out of or relating to this Registration Rights Agreement, agrees that all claims in respect of the Proceeding shall be heard and determined in any such court and agrees not to bring any Proceeding arising out of or relating to this Registration
Rights Agreement in any other courts. Nothing in this Section 3.7, however, shall affect the right of any Party to serve legal process in any other manner permitted by Law or at equity. Each Party agrees that a final judgment in any
Proceeding so brought shall be conclusive and may be enforced by suit on the judgment or in any other manner provided by Law or at equity. 

  
 24 

 3.8 Specific Performance. Each Party hereby agrees and acknowledges that it will be
impossible to measure in money the damages that would be suffered if the Parties fail to comply with any of the obligations imposed on them by this Registration Rights Agreement and that, in the event of any such failure, an aggrieved Party will be
irreparably damaged and will not have an adequate remedy at Law. Any such Party shall, therefore, be entitled (in addition to any other remedy to which such Party may be entitled at Law or in equity) to seek injunctive relief, including specific
performance, to enforce such obligations, without the posting of any bond, and if any Proceeding should be brought in equity to enforce any of the provisions of this Registration Rights Agreement, none of the Parties shall raise the defense that
there is an adequate remedy at Law. 
 3.9 Subsequent Acquisition of Shares. Any Equity Securities of PubCo acquired subsequent to
the Effective Date by a Holder shall be subject to the terms and conditions of this Registration Rights Agreement and such shares shall be considered to be “Registrable Securities” as such term is used in this Registration Rights
Agreement. 
 3.10 Legends. Each of the Holders acknowledges that (i) no Transfer, hypothecation or assignment of any
Registrable Securities Beneficially Owned by such Holder may be made except in compliance with applicable federal and state securities laws and (ii) to the extent that any of the Registrable Securities constitute “restricted
securities” as defined in Rule 144, PubCo shall place customary restrictive legends substantially in the form set forth below on the certificates or book entries representing the Registrable Securities subject to this Registration Rights
Agreement. Upon reasonable request of the applicable Holder and receipt by PubCo of customary representation letters from such Holder, PubCo shall cause its counsel to deliver an opinion to its transfer agent to the effect that such legend is no
longer required under the Securities Act, and PubCo shall promptly cause the first paragraph of the legend to be removed from any certificate or book entry representing the Registrable Securities and the second paragraph of the legend shall be
removed upon the expiration of such transfer and other restrictions set forth in this Registration Rights Agreement (and, for the avoidance of doubt, immediately prior to any termination of this Registration Rights Agreement). 

THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF
ANY STATE AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION STATEMENT RELATING THERETO IS IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT
OR SUCH LAWS. 
 THESE SECURITIES ARE SUBJECT TO THE RESTRICTIONS SET FORTH IN THE REGISTRATION RIGHTS AGREEMENT, DATED JANUARY 27,
2022 (THE “REGISTRATION RIGHTS AGREEMENT”), BY AND AMONG SPORTS ENTERTAINMENT ACQUISITION HOLDINGS LLC, A DELAWARE LIMITED LIABILITY COMPANY; (II) SGHC LIMITED, A CORPORATION FORMED UNDER THE LAWS OF THE ISLAND OF GUERNSEY;
(III) SUPER GROUP (SGHC) LIMITED, A COMPANY INCORPORATED UNDER THE LAWS OF THE ISLAND OF GUERNSEY AND (IV) CERTAIN OTHER PARTIES THERETO, AS THE SAME MAY BE AMENDED OR RESTATED FROM TIME TO TIME (COPIES OF WHICH ARE ON FILE WITH THE

  
 25 

 
SECRETARY OF THE COMPANY AND SHALL BE PROVIDED FREE OF CHARGE TO ANY PARTY MAKING A BONA FIDE REQUEST THEREFOR) AND NO TRANSFER OF THESE SECURITIES WILL BE VALID OR EFFECTIVE UNTIL ANY CONDITIONS
CONTAINED IN THE REGISTRATION RIGHTS AGREEMENT, IF ANY, HAVE BEEN FULFILLED. 
 3.11 Additional Holders; Joinder. In addition to
persons or entities who may become Holders pursuant to Section 3.1 hereof, PubCo may make any person or entity who has or acquires Common Shares or rights to acquire Common Shares after the date hereof a party to this Registration Rights
Agreement (each such person or entity, an “Additional Holder”) by obtaining an executed Joinder from such Additional Holder. Such Joinder shall specify the rights and obligations of the applicable Additional Holder under this
Registration Rights Agreement. Upon the execution and delivery and subject to the terms of a Joinder by such Additional Holder, the Common Shares of PubCo then owned, or underlying any rights then owned, by such Additional Holder (the
“Additional Holder Common Shares”) shall be Registrable Securities to the extent provided herein and therein and such Additional Holder shall be a Holder under this Registration Rights Agreement with respect to such Additional
Holder Common Shares. 
 3.12 No Third Party Liabilities. This Registration Rights Agreement may only be enforced against the named
parties hereto (and their transferees). All claims or causes of action (whether in contract or tort) that may be based upon, arise out of or relate to any of this Registration Rights Agreement, or the negotiation, execution or performance of this
Registration Rights Agreement (including any representation or warranty made in or in connection with this Registration Rights Agreement or as an inducement to enter into this Registration Rights Agreement), may be made only against the Persons that
are expressly identified as parties hereto (and their transferees), as applicable; and no past, present or future direct or indirect director, officer, employee, incorporator, member, partner, stockholder, Affiliate, portfolio company in which any
such Party or any of its investment fund Affiliates have made a debt or equity investment (and vice versa), agent, attorney or representative of any Party hereto (including any Person negotiating or executing this Registration Rights Agreement on
behalf of a Party hereto), unless a Party to this Registration Rights Agreement, shall have any liability or obligation with respect to this Registration Rights Agreement or with respect any claim or cause of action (whether in contract or tort)
that may arise out of or relate to this Registration Rights Agreement, or the negotiation, execution or performance of this Registration Rights Agreement (including a representation or warranty made in or in connection with this Registration Rights
Agreement or as an inducement to enter into this Registration Rights Agreement). 
 [Signature Pages Follow] 

  
 26 

 IN WITNESS WHEREOF, each of the Parties has duly executed this Registration Rights Agreement
as of the Effective Date. 
  

			
	SGHC LIMITED
		
	By:	 	 /s/ Robert Dutnall

	Name:	 	Robert Dutnall
	Title:	 	Director

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, each of the Parties has duly executed this Registration Rights Agreement
as of the Effective Date. 
  

			
	SUPER GROUP (SGHC) LIMITED
		
	By:	 	 /s/ Robert Dutnall

	Name:	 	Robert Dutnall
	Title:	 	Director

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, each of the Parties has duly executed this Registration Rights Agreement
as of the Effective Date. 
  

			
	SGHC HOLDERS
	
	By: Super Group (SGHC) Limited, as agent and attorney-in-fact
		
	By:	 	 /s/ Robert Dutnall

	Name:	 	Robert Dutnall
	Title:	 	Director

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	SPORTS ENTERTAINMENT ACQUISITION CORP.
		
	By:	 	 /s/ Eric Grubman

	Name:	 	Eric Grubman
	Title:	 	Chief Financial Officer
	
	SPORTS ENTERTAINMENT ACQUISITION HOLDINGS LLC
		
	By:	 	 /s/ Eric Grubman

	Name:	 	Eric Grubman
	Title:	 	Manager

 [Signature Page to Registration Rights Agreement] 

 
			
	PJT PARTNERS HOLDINGS LP
		
	By:	 	 /s/ K. Don Cornwell

	Name:	 	K. Don Cornwell
	Title:	 	Partner

  
 [Signature Page to
Registration Rights Agreement] 

 
	
	NATARA HOLLOWAY
	
	 /s/ Natara Holloway

  
 [Signature Page to
Registration Rights Agreement] 

 
	
	TIMOTHY GOODELL
	
	 /s/ Timothy Goodell

  
 [Signature Page to
Registration Rights Agreement] 

 Schedule 1-A 

SGHC Holders 
 Knutsson Limited 

Chivers Limited 
 Earl Fiduciary AG as Trustee of the New Laurel
Road Trust 
 Earl Fiduciary AG as Trustee of the Turtle Trust 

Earl Fiduciary AG as Trustee of the Aquaman Trust 
 Earl Fiduciary
AG as Trustee of the Gold Trust 
 Earl Fiduciary AG as Trustee of the Chase Trust 

Earl Fiduciary AG as Trustee of the Leopard Trust 
 Earl Fiduciary
AG as Trustee of the Avion Trust 
 Earl Fiduciary AG as Trustee of the Baroque Trust 

Bellerive Trust Limited as Trustee of the Dolphin Trust 

Bellerive Trust Limited as Trustee of the Panther Trust 
 Earl
Fiduciary AG as Trustee of the Castle Trust 
 Bellerive Trust Limited as Trustee of the Cheetah Trust 

Bellerive Trust Limited as Trustee of the Tiger Trust 
 Bellerive
Trust Limited as Trustee of the Hamilton Trust 
 Bellerive Trust Limited as Trustee of the Agape Trust 

Bellerive Trust Limited as Trustee of the Lion Head Trust 

Bellerive Trust Limited as Trustee of the Quattro Trust 

Bellerive Trust Limited as Trustee of the Bissett Trust 
 Earl
Fiduciary AG as Trustee of the Great Park Trust 
 Bellerive Trust Limited as Trustee of the Darrock Trust 

Bellerive Trust Limited as Trustees of the Ace of Clubs Trust 

Fatima Dodds 
 Timothy Whyles 

  
 [Schedule 1-A]

 Schedule 1-B 

Sponsor Holders 
 1. Sports Entertainment
Acquisition Holdings LLC 
 2. PJT Partners Holdings LP 
 3.
Natara Holloway 
 4. Timothy Goodell 

  
 [Schedule 1-B]

 Exhibit A 

Form of Joinder 
 This
Joinder (this “Joinder”) to the Registration Rights Agreement made as of, is between                     
(“Transferor”) and                      (“Transferee”). 

WHEREAS, as of the date hereof, Transferee is acquiring
                     Registrable Securities (the “Acquired Interests”) from Transferor; 

WHEREAS, Transferor is a party to that certain Registration Rights Agreement, dated as of January 27, 2022, by and among Sports
Entertainment Acquisition Holdings LLC, a Delaware limited liability company; (ii) SGHC Limited, a non-cellular company limited by shares incorporated under the laws of the Island of Guernsey;
(iii) Super Group (SGHC) Limited, a non-cellular company limited by shares incorporated under the laws of Island of Guernsey and (iv) certain other parties thereto, and 

WHEREAS, Transferee is required, at the time of and as a condition to such Transfer, to become a party to the Registration Rights Agreement by
executing and delivering this Joinder, whereupon such Transferee will be treated as a Party (with the same rights and obligations as the Transferor) for all purposes of the Registration Rights Agreement. 

NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally
bound hereby, the parties hereto agree as follows: 
 Section 1.1 Definitions. To the extent capitalized words
used in this Joinder are not defined in this Joinder, such words shall have the respective meanings set forth in the Registration Rights Agreement. 

Section 1.2 Acquisition. The Transferor hereby Transfers to the Transferee all of the Acquired Interests. 

Section 1.3 Joinder. Transferee hereby acknowledges and agrees that (a) such Transferee has received and read
the Registration Rights Agreement, (b) such Transferee is acquiring the Acquired Interests in accordance with and subject to the terms and conditions of the Registration Rights Agreement and (c) such Transferee will be treated as a Party
(with the same rights and obligations as the Transferor) for all purposes of the Registration Rights Agreement. 

Section 1.4 Notice. All notices, demands and other communications to be given or delivered under the Registration
Rights Agreement shall be in writing and shall be deemed to have been given (a) when personally delivered (or, if delivery is refused, upon presentment) or received by email (with confirmation of transmission) prior to 5:00 p.m. eastern time on
a Business Day and, if otherwise, on the next Business Day, (b) one (1) Business Day following sending by reputable overnight express courier (charges prepaid) or (c) three (3) calendar days following mailing by certified or registered
mail, postage prepaid and return receipt requested. Unless another address is specified in writing pursuant to the provisions of this Section 1.4, 

  
 Exhibit A to
Registration Rights Agreement 

 
notices, demands and other communications shall be sent to the addresses set forth on such party’s signature page hereto. 

Section 1.5 Governing Law. This Joinder shall be governed by and construed in accordance with the Law of the State
of New York. 
 Section 1.6 Third Party Beneficiaries. PubCo, SGHC, SEAC, the Sponsor and the other persons party
thereto to the Registration Rights Agreement, as applicable, are intended third party beneficiaries of this Joinder and shall be entitled to enforce this Agreement against the undersigned in accordance with its terms. Except as provided in the
immediately preceding sentence, nothing in this Agreement is intended to, nor shall be constructed to, confer upon any other person any rights or remedies hereunder. 

Section 1.7 Counterparts; Electronic Delivery. This Joinder may be executed and delivered in one or more
counterparts, by fax, email or other electronic transmission, each of which shall be deemed an original and all of which shall be considered one and the same agreement. The words “execution,” “signed,” “signature,”
“delivery,” and words of like import in or relating to this Joinder or any document to be signed in connection with this Joinder 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. 

  
 Exhibit A to
Registration Rights Agreement 

 IN WITNESS WHEREOF, this Joinder has been duly executed and delivered by the parties as of
the date first above written. 
  

			
	[TRANSFEROR]
		
	By:	 	          

	Name:	 	          

	Title:	 	          

	
	[TRANSFEREE]
		
	By:	 	          

	Name:	 	          

	Title:	 	          

	
	Address for notices:Exhibit 10.1

  

   

    

  
    CONSULTING AGREEMENT

    

    

    THIS CONSULTING AGREEMENT (“Consulting Agreement”) is entered into between World Fuel Services, Inc. (the “Company”) and Michael Crosby (the
      “Consultant”) with an effective date of April 1, 2022 (the “Effective Date”).  The Company and the Consultant (each, a “Party” and collectively, the “Parties”) agree as follows:

    

    

    1.            Description of Services.  Consultant agrees to provide to Company consulting services as described in Exhibit A attached hereto (the “Services”).  Exhibit A may be amended from time to time by mutual written consent of the Parties to
        include other work projects or services.  Consultant shall perform the Services during the Term (as defined below) in a diligent and professional manner and in accordance with the provisions of this Consulting Agreement.

    

    

    2.            Term.  This Consulting Agreement shall commence on the Effective Date and end on December 31, 2023, unless terminated earlier in accordance with
        Section 3 below (the “Term”).  Thereafter, the Term may be extended by mutual written agreement of the parties.

    

    

    3.            Termination.  The Company may terminate this Consulting Agreement with immediate effect if the Consultant engages in any act of gross misconduct; material
        dishonesty; unlawful activity; or if Consultant breaches his obligations set forth in Section 8 below.  Following termination, the Company shall be relieved of the obligation to pay Consultant the consideration specified in Section 4 below for any
        period following the date of such termination. In the event Company does not perform its obligations under this Consulting Agreement, Consultant may terminate the Consulting Agreement with 60 days prior written notice. In such event, Company will
        be responsible for compensation accrued to date of termination.

    

    

    4.            Compensation.  Company shall pay Consultant the gross amount of $28,000.00 (twenty-eight thousand dollars) per month by no later than the 10th
        day of each month, during the Term to perform the Services.   The Company shall pay Consultant a one-time payment in the gross amount of $5,000.00 (five thousand dollars) for the Consultant’s purchase of IT technology / equipment (cell phone, etc.)
        to be used in furtherance of the Services.  (This equipment will remain the property of Consultant, and Consultant need not reimburse the Company for any funds that remain unspent.)  Consultant shall invoice Company for the amounts specified under
        this Section 4.

    

    

    5.            Confidentiality.  Consultant acknowledges and agrees that that his Confidentiality and Non-Competition Agreement (the “Non-Compete Agreement”) with World
        Fuel Services, Inc. remains in full force and effect, and that he remains bound by the confidentiality provisions therein.  Consultant agrees to treat all information he obtains in the course of performing services hereunder as “Confidential
        Information” (as defined in the Non-Compete Agreement).

    

    

    6.            Travel/Expenses.  Provided that the Company has given written authorization to Consultant to incur travel-related expenses, Company shall reimburse
        Consultant for all reasonable out-of-pocket travel expenses incurred by Consultant directly in connection with the performance of the Services, in accordance with the Company’s expense reimbursement policy of Company.  Consultant will not be
        reimbursed for gifts or meals and entertainment with customers.  Travel-related expenses shall require the prior written approval of Company.  All reimbursable travel expenses must be supported by receipts or other appropriate documentation.

    
      1

      
        

    

     Exhibit 10.1

      

     

      

    7.            Taxes.  Consultant shall be responsible for determining the applicability of any sales, use, excise, or similar taxes which may be applicable to the
        performance of the Services, if any.  Consultant shall clearly and separately state any applicable taxes on Consultant’s invoice to Company and Company shall pay any such taxes so invoiced. Consultant shall pay all taxes collected from Company to
        the appropriate taxing authority.  Consultant, and not Company, shall be obligated to pay any applicable taxes not invoiced to Company on the invoice for corresponding Services, including without limitation, any and all interest, penalties and
        attorneys’ fees.

    

    

    8.            Compliance with Applicable Law; Corporate Policies.  Consultant will comply with all laws applicable to the performance of this Consulting Agreement. 
        Consultant will abide by and be bound by the World Fuel Services Corporation Anti-Corruption Policy, Business Partner Code of Conduct, and Securities Trading Policy (the “Corporate Policies”) as such Corporate Policies may be amended from time to
        time.

    

    

    9.            Relationship of Parties.  The appointment of Consultant pursuant to this Consulting Agreement shall not constitute Consultant an employee or partner of
        Company, and Consultant shall not have any right to bind Company, transact any business in Company’s name or on its behalf in any manner or form, or make any promises or representations on behalf of Company.  Consultant shall not in any manner
        assume or create, or attempt to create, any obligation on behalf or in the name of Company.  Consultant is an independent contractor, engaged in his own separate business of providing services, and shall have no employment relationship with Company
        under United States law.  Consultant shall pay all taxes, foreign or domestic, arising from its services or the Compensation it receives under this Consulting Agreement.

    

    

    10.            Entire Agreement.  This Agreement constitutes the sole Agreement of the Parties and correctly states the rights, duties, and obligations of each party with
        respect to the consulting arrangement between the Parties.  Any prior agreement, promises, negotiations, or representations between the parties not expressly stated in this document are not binding.  All subsequent modifications shall be in writing
        and signed by the parties.  Notwithstanding the foregoing, the Consultant acknowledges and agrees that his Non-Compete Agreement remains in full force and effect in accordance with its terms, and that the “Restricted Period” referenced therein
        shall be extended by the Term of this Agreement.

    

    

    11.            Governing Law/Jurisdiction.  The validity and effect of this Consulting Agreement shall be governed by and construed and enforced in accordance with the
        laws of the State of Florida.  Any dispute, controversy or question of interpretation arising under, out of, in connection with, or in relation to this Consulting Agreement or any amendments hereof, or any breach or default hereunder, shall be
        submitted to, and determined and settled by, litigation in the courts in Miami-Dade County, Florida.

    

    

    

    

    [Signature Page Follows]

    
      2

      
        

    

    Exhibit 10.1

    

    

    

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

    

    

    
      	
              Michael J. Crosby

            	
              
                World Fuel Services, Inc.

              

            
	
               

            	
               

            
	
               

            	
               

            
	
              By:  /s/ Michael J. Crosby

            	
              
                By:  /s/ Fernando Casadevall

              

            
	Signature	
              Fernando Casadevall

            
	
               

              

            	
              Authorized Person

            
	 	 
	
              Date:  March 22, 2022

            	
              Date:  March 22, 2022

            

    

  

  

  3

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