Document:

Exhibit 10.4

 

AMENDED
AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

THIS
AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of [●], 2021, is made
and entered into by and among Anghami Inc., a Cayman Islands Company (the “Company”), Vistas Media Acquisition
Company Inc., a Delaware corporation (“Vistas”), Vistas Media Sponsor, LLC, a Delaware limited liability company
(the “Sponsor”), I-Bankers Securities, Inc. (“I-Bankers”) and each of the other undersigned
parties listed on the signature page hereto under “Holders” (each such party, together with the Sponsor, I-Bankers
and any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 of this Agreement,
a “Holder” and collectively the “Holders”).

 

RECITALS

 

WHEREAS,
Vistas, the Sponsor and I-Bankers are party to that certain registration rights agreement, dated as of August 6, 2020 (the “Original
Agreement”) and wish to amend and restate the Original Agreement its entirety by entering into this Agreement;

 

WHEREAS,
the Company has entered into that certain Business Combination Agreement, dated as of the date hereof (as amended, supplemented,
restated or otherwise modified from time to time, the “Business Combination Agreement”), with, Anghami, a Cayman
Island exempt corporation (the “Anghami”), Anghami Vista 1, a Cayman Islands exempted company and wholly-owned
subsidiary of Pubco (“Vista Merger Sub”) and Anghami Vista 2, a Cayman Islands exempted company and wholly-owned
subsidiary of Pubco (“Anghami Merger Sub”), and certain other parties thereto pursuant to which, among other
things, Vistas will be merged with and into Vistas Merger Sub (the “Vistas Merger”) and Anghami Merger Sub
shall be merged with and into the Company (the “Anghami Merger” and, together with the Vistas Merger, the “Mergers”
and together with the other transactions contemplated by the Business Combination Agreement the “Transactions”);

 

WHEREAS,
effective upon the closing of the Mergers, each Holder will collectively own the number shares of Company common stock (the ”Common Stock”)
of the Company set forth opposite such Holder’s name on Exhibit A hereto;

 

WHEREAS,
subject to the terms and conditions set forth herein, the Company wishes to grant the Holders certain registration rights
with respect to the Common Stock; and

 

WHEREAS,
the entry into this Agreement is a condition to the consummation of the Transactions.

 

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

 

     

     

    

 

ARTICLE
I

DEFINITIONS

 

1.1 Definitions.
The terms defined in this Article I shall, for all purposes of this Agreement, have the respective
meanings set forth below:

 

“Adverse Disclosure”
shall mean any public disclosure of material non-public information, which disclosure, in the good faith judgment of the chief
executive officer or principal financial officer of the Company, after consultation with counsel to the Company, (i) 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, (ii) would not be required to be made at such time if the Registration Statement were not being
filed, and (iii) the Company has a bona fide business reason for not making public.

 

“Agreement”
shall have the meaning given in the Preamble.

 

“Board”
shall mean the Board of Directors of the Company.

 

“Business
Combination Agreement” shall have the meaning given in the Recitals hereto.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

“Common Stock”
shall have the meaning given in the Recitals hereto.

 

“Company”
shall have the meaning given in the Preamble.

 

“Demand Registration”
shall have the meaning given in subsection 2.1.1.

 

“Demanding Holder”
shall have the meaning given in subsection 2.1.1.

 

“Exchange Act”
shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.

 

“Form S-1”
shall have the meaning given in subsection 2.1.1.

 

“Form S-3”
shall have the meaning given in subsection 2.3.

 

“Founder Shares Lock-up Period”
shall have the meaning set forth in the Sponsor Agreement.

 

“Holders”
shall have the meaning given in the Preamble.

 

“Maximum Number of Securities”
shall have the meaning given in subsection 2.1.4.

 

“Misstatement”
shall mean 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.

 

    2

     

    

 

“Permitted Transferees”
shall mean any person or entity to whom a Holder of Registrable Securities is permitted to transfer such Registrable Securities
prior to the expiration of the Founder Shares Lock-up Period, Private Placement Lock-up Period or any other lock-up period, as
the case may be, under the Sponsor Agreement, this Agreement and any other applicable agreement between such Holder and the Company,
and to any transferee thereafter.

 

“Piggyback Registration”
shall have the meaning given in subsection 2.2.1.

 

“Private Placement Lock-Up
Period” shall have the meaning set forth in the Sponsor Agreement.

 

“Private
Placement Securities” shall have the meaning set forth in the Sponsor Agreement.

 

“Pro
Rata” shall have the meaning given in subsection 2.1.4.

 

“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as
amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Registrable Security”
shall mean (a) the Founder Shares and the shares of Common Stock issued or issuable in connection with the Vistas Merger,
(b) the Private Placement Securities and, following the Vistas Merger, the shares of Common Stock and warrants included
therein, including the shares of Common Stock issued or issuable upon the exercise or conversion of the warrants underlying the
Private Placement Securities, (c) any outstanding shares of Common Stock or any other equity security (including the shares
of Common Stock issued or issuable upon the exercise of any other equity security) of the Company held by a Holder as of the date
of this Agreement, (d) any equity securities (including the shares of Common Stock issued or issuable upon the exercise of
any such equity security) of the Company issuable upon the consummation of the Mergers in connection with the conversion of any
working capital loans in an amount up to $1,500,000 made to Vistas by a Holder (and (e) any other equity security of the
Company issued or issuable with respect to any such share of Common Stock by way of a stock dividend or stock split or in connection
with a combination of shares, recapitalization, merger, consolidation or reorganization; provided, however,
that, as to any particular Registrable Security, such securities shall cease to be Registrable Securities when: (A) a Registration
Statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities
shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (B) such securities
shall have been otherwise transferred, new certificates for such securities not bearing a legend restricting further transfer
shall have been delivered by the Company and subsequent public distribution of such securities shall not require registration
under the Securities Act; (C) such securities shall have ceased to be outstanding; (D) such securities may be sold without
registration pursuant to Rule 144 promulgated under the Securities Act (or any successor rule promulgated thereafter
by the Commission) (but with no volume or other restrictions or limitations); or (E) such securities have been sold to, or
through, a broker, dealer or underwriter in a public distribution or other public securities transaction.

 

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“Registration”
shall mean a registration effected by preparing and filing a registration statement or similar document in compliance with the
requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration
statement becoming effective.

 

“Registration Expenses”
shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

 

(A) all
registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory
Authority, Inc.) and any securities exchange on which the Common Stock is then listed;

 

(B) fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel for the Underwriters
in connection with blue sky qualifications of Registrable Securities);

 

(C) printing,
messenger, telephone and delivery expenses;

 

(D) reasonable
fees and disbursements of counsel for the Company;

 

(E) reasonable
fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with
such Registration; and

 

(F) reasonable
fees and expenses of one (1) legal counsel selected by the majority-in-interest of the Demanding Holders initiating a Demand
Registration to be registered for offer and sale in the applicable Registration.

 

“Registration Statement”
shall mean any registration statement that covers the Registrable Securities pursuant to the provisions of this 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.

 

“Requesting Holder”
shall have the meaning given in subsection 2.1.1.

 

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

 

“Sponsor”
shall have the meaning given in the Recitals hereto.

 

“Sponsor
Agreement” shall mean that certain letter agreement dated March 3, 2021 between Sponsor, Vistas and certain other individuals
and entities which was executed in connection with the execution of the Transaction Agreements.

 

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“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part
of such dealer’s market-making activities.

 

“Underwritten Registration”
or “Underwritten Offering” shall mean a Registration in which securities of the Company are sold to an
Underwriter in a firm commitment underwriting for distribution to the public.

 

ARTICLE
II

REGISTRATIONS

 

2.1 Demand
Registration.

 

2.1.1 Request
for Registration. Subject to the provisions of subsection 2.1.4 and Section 2.4 hereof, at any time
and from time to time on or after the date the Company consummates the Transactions, the Holders of at least fifteen percent (15%)
of the then-outstanding number of Registrable Securities (the “Demanding Holders”) may make a written
demand for Registration of all or part of their Registrable Securities, which written demand shall describe the amount and type
of securities to be included in such Registration and the intended method(s) of distribution thereof (such written demand
a “Demand Registration”). The Company shall, within ten (10) days of the Company’s receipt
of the Demand Registration, notify, in writing, all other Holders of Registrable Securities of such demand, and each Holder of
Registrable Securities who thereafter wishes to include all or a portion of such Holder’s Registrable Securities in a Registration
pursuant to a Demand Registration (each such Holder that includes all or a portion of such Holder’s Registrable Securities
in such Registration, a “Requesting Holder”) shall so notify the Company, in writing, within five (5) days
after the receipt by the Holder of the notice from the Company. Upon receipt by the Company of any such written notification from
a Requesting Holder(s) to the Company, such Requesting Holder(s) shall be entitled to have their Registrable Securities
included in a Registration pursuant to a Demand Registration and the Company shall effect, as soon thereafter as practicable,
but not more than forty-five (45) days immediately after the Company’s receipt of the Demand Registration, the Registration
of all Registrable Securities requested by the Demanding Holders and Requesting Holders pursuant to such Demand Registration.
Under no circumstances shall the Company be obligated to effect more than an aggregate of three (3) Registrations pursuant
to a Demand Registration under this subsection 2.1.1 with respect to any or all Registrable Securities.

 

2.1.2 Effective
Registration. Notwithstanding the provisions of subsection 2.1.1 above or any other part of this Agreement,
a Registration pursuant to a Demand Registration shall not count as a Registration unless and until (i) the Registration
Statement filed with the Commission with respect to a Registration pursuant to a Demand Registration has been declared effective
by the Commission and (ii) the Company has complied with all of its obligations under this Agreement with respect thereto; provided further that
if, after such Registration Statement has been declared effective, an offering of Registrable Securities in a Registration pursuant
to a Demand Registration is subsequently interfered with by any stop order or injunction of the Commission, federal or state court
or any other governmental agency the Registration Statement with respect to such Registration shall be deemed not to have been
declared effective, unless and until (i) such stop order or injunction is removed, rescinded or otherwise terminated and
(ii) a majority-in-interest of the Demanding Holders initiating such Demand Registration thereafter affirmatively elect to
continue with such Registration and accordingly notify the Company in writing, but in no event later than five (5) days following
the date of the termination of such stop order or injunction, of such election; and provided further that
the Company shall not be obligated or required to file another Registration Statement until the Registration Statement that has
been previously filed with respect to a Registration pursuant to a Demand Registration becomes effective or is subsequently terminated.

 

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2.1.3 Underwritten
Offering. Subject to the provisions of subsection 2.1.4 and Section 2.4 hereof, if
a majority-in-interest of all of the Holders advise the Company as part of their Demand Registration that the offering of the
Registrable Securities pursuant to such Demand Registration shall be in the form of an Underwritten Offering, then the right of
such Demanding Holder or Requesting Holder (if any) to include its Registrable Securities in such Registration shall be conditioned
upon such Holder’s participation in such Underwritten Offering and the inclusion of such Holder’s Registrable Securities
in such Underwritten Offering to the extent provided herein. All such Holders proposing to distribute their Registrable Securities
through an Underwritten Offering under this subsection 2.1.3 shall enter into an underwriting agreement in customary
form with the Underwriter(s) selected for such Underwritten Offering by the majority-in-interest of the Demanding Holders
initiating the Demand Registration. Notwithstanding anything in this Agreement to the contrary, the Company shall only be obligated
to effect an Underwritten Offering if such offering shall include Registrable Securities proposed to be sold by the Demanding
Holders with a total offering price reasonably expected to exceed, in the aggregate, $20 million (the “Minimum Underwriting
Threshold”).

 

2.1.4 Reduction
of Underwritten Offering. If the managing Underwriter or Underwriters in an Underwritten Registration pursuant to a Demand
Registration, in good faith, advise the Company, 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 Stock or other equity securities that the Company desires to sell and the Common Stock, if
any, as to which a Registration has been requested pursuant to separate written contractual piggy-back registration rights held
by any other stockholders who desire to sell, 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 the Company shall include in such Underwritten Offering,
as follows: (i) first, the Registrable Securities of the Demanding Holders and the Requesting Holders (if any) (pro rata
based on the respective number of Registrable Securities that each Demanding Holder and Requesting Holder (if any) has requested
be included in such Underwritten Registration and the aggregate number of Registrable Securities that the Demanding Holders and
Requesting Holders have requested be included in such Underwritten Registration (such proportion is referred to herein as “Pro Rata”))
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 Registrable Securities of Holders (Pro Rata, based on the
respective number of Registrable Securities that each Holder has so requested) exercising their rights to register their Registrable
Securities pursuant to subsection 2.2.1 hereof, 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 Stock or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum
Number of Securities; and (iv) fourth, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clauses (i), (ii) and (iii), the Common Stock or other equity securities of other persons or entities that the
Company is obligated to register in a Registration pursuant to separate written contractual arrangements with such persons and
that can be sold without exceeding the Maximum Number of Securities.

 

2.1.5 Demand
Registration Withdrawal. A majority-in-interest of the Demanding Holders initiating a Demand Registration or a majority-in-interest
of the Requesting Holders (if any), pursuant to a Registration under subsection 2.1.1 shall have the right to
withdraw from a Registration pursuant to such Demand Registration for any or no reason whatsoever upon written notification to
the Company and the Underwriter or Underwriters (if any) of their intention to withdraw from such Registration prior to the effectiveness
of the Registration Statement filed with the Commission with respect to the Registration of their Registrable Securities pursuant
to such Demand Registration. Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for
the Registration Expenses incurred in connection with a Registration pursuant to a Demand Registration prior to its withdrawal
under this subsection 2.1.5.

 

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2.2 Piggyback
Registration.

 

2.2.1 Piggyback
Rights. If, at any time after the consummation of the Transactions, the Company proposes to file a Registration Statement
under the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable
for, or convertible into equity securities, for its own account or for the account of stockholders of the Company (or by the Company
and by the stockholders of the Company including, without limitation, pursuant to Section 2.1 hereof), other
than a Registration Statement (i) filed in connection with any employee stock option or other benefit plan, (ii) for
an exchange offer or offering of securities solely to the Company’s existing stockholders, (iii) for an offering of
debt that is convertible into equity securities of the Company or (iv) for a dividend reinvestment plan, then the Company shall
give written notice of such proposed filing to all of the Holders of Registrable Securities as soon as practicable but not less
than ten (10) days before the anticipated filing date of such Registration Statement, which notice shall (A) describe
the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of
the proposed managing Underwriter or Underwriters, if any, in such offering, and (B) offer to all of the Holders of Registrable
Securities the opportunity to register the sale of such number of Registrable Securities as such Holders may request in writing
within five (5) days after receipt of such written notice (such Registration, a “Piggyback Registration”).
The Company shall, in good faith, cause such Registrable Securities to be included in such Piggyback Registration and shall use
its best efforts to cause the managing Underwriter or Underwriters of a proposed Underwritten Offering to permit the Registrable
Securities requested by the Holders pursuant to this subsection 2.2.1 to be included in a Piggyback Registration
on the same terms and conditions as any similar securities of the Company included in such Registration and to permit the sale
or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof. All
such Holders proposing to distribute their Registrable Securities through an Underwritten Offering under this subsection
2.2.1 shall enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten
Offering by the Company.

 

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2.2.2 Reduction
of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Registration that is to be a Piggyback
Registration, in good faith, advise the Company and the Holders of Registrable Securities participating in the Piggyback Registration
in writing that the dollar amount or number of the shares of Common Stock that the Company desires to sell, taken together with
(i) the shares of Common Stock, if any, as to which Registration has been demanded pursuant to separate written contractual
arrangements with persons or entities other than the Holders of Registrable Securities hereunder, (ii) the Registrable Securities
as to which registration has been requested pursuant to Section 2.2 hereof, and (iii) the shares of
Common Stock, if any, as to which Registration has been requested pursuant to separate written contractual piggy-back registration
rights of other stockholders of the Company, exceeds the Maximum Number of Securities, then:

 

(a)
If the Registration is undertaken for the Company’s account, the Company shall include in any such Registration: (A) first,
the Common Stock or other equity securities that the Company 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 Holders exercising their rights to register their Registrable Securities pursuant to subsection
2.2.1 hereof (pro rata based on the respective number of Registrable Securities that such Holder has requested 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 Stock, if
any, as to which Registration has been requested pursuant to written contractual piggy-back registration rights of other stockholders
of the Company, which can be sold without exceeding the Maximum Number of Securities; and

 

(b)
If the Registration is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the
Company shall include in any such Registration: (A) first, the Common Stock or other equity securities, if any, of such requesting
persons or entities, other than the Holders of Registrable Securities, 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 Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.2.1,
pro rata based on the number of Registrable Securities that each Holder has requested be included in such Registration and the
aggregate number of Registrable Securities that the Holders have 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 Stock or other equity securities that the Company desires
to sell, 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 Stock or other equity
securities for the account of other persons or entities that the Company is obligated to register pursuant to separate written
contractual arrangements with such persons or entities, which can be sold without exceeding the Maximum Number of Securities.

 

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2.2.3 Piggyback
Registration Withdrawal. Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback Registration
for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of his,
her or its intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed
with the Commission with respect to such Piggyback Registration. The Company (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 Commission in connection with a Piggyback Registration at any time prior to the effectiveness of such
Registration Statement. Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration
Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under this subsection 2.2.3.

 

2.2.4 Unlimited
Piggyback Registration Rights. For purposes of clarity, any Registration effected pursuant to Section 2.2 hereof
shall not be counted as a Registration pursuant to a Demand Registration effected under Section 2.1 hereof.

 

2.3 Registrations
on Form S-3. The Holders of Registrable Securities may at any time, and from time to time, request in writing that the
Company, pursuant to Rule 415 under the Securities Act (or any successor rule promulgated thereafter by the Commission),
register the resale of any or all of their Registrable Securities on Form S-3 or any similar short-form registration statement
that may be available at such time (“Form S-3”); provided, however, that the Company
shall not be obligated to effect such request through an Underwritten Offering. Within five (5) days of the Company’s receipt
of a written request from a Holder or Holders of Registrable Securities for a Registration on Form S-3, the Company shall
promptly give written notice of the proposed Registration on Form S-3 to all other Holders of Registrable Securities, and each
Holder of Registrable Securities who thereafter wishes to include all or a portion of such Holder’s Registrable Securities
in such Registration on Form S-3 shall so notify the Company, in writing, within ten (10) days after the receipt by the Holder
of the notice from the Company. As soon as practicable thereafter, but not more than thirty (30) days after the Company’s
initial receipt of such written request for a Registration on Form S-3, the Company shall register all or such portion of
such Holder’s Registrable Securities as are specified in such written request, together with all or such portion of Registrable
Securities of any other Holder or Holders joining in such request as are specified in the written notification given by such Holder
or Holders; provided, however, that the Company shall not be obligated to effect any such Registration
pursuant to Section 2.3 hereof if (i) Form S-3 is not available for such offering or (ii) the
Holders of Registrable Securities, together with the Holders of any other equity securities of the Company entitled to inclusion
in such Registration, propose to sell the Registrable Securities and such other equity securities (if any) at any aggregate price
to the public of less than $10,000,000.

 

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2.4 Restrictions
on Registration Rights. If: (A) during the period starting with the date sixty (60) days prior to the Company’s
good faith estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective
date of, a Company-initiated Registration and provided that the Company has delivered written notice to the Holders prior to receipt
of a Demand Registration pursuant to subsection 2.1.1 and it continues to actively employ, in good faith, all
reasonable efforts to cause the applicable Registration Statement to become effective; (B) the Holders have requested an
Underwritten Registration and the Company and the Holders are unable to obtain the commitment of underwriters to firmly underwrite
the offer; or (C) in the good faith judgment of the Board such Registration would be seriously detrimental to the Company
and the Board concludes as a result that it is essential to defer the filing of such Registration Statement at such time, then
in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board stating that in the good
faith judgment of the Board it would be seriously detrimental to the Company for such Registration Statement to be filed in the
near future and that it is therefore essential to defer the filing of such Registration Statement. In such event, the Company
shall have the right to defer such filing for a period of not more than thirty (30) days; provided, however,
that the Company shall not defer its obligation in this manner more than once in any 12-month period.

 

2.5 Market
Stand-off. In connection with any Underwritten Offering of equity securities of the Company, each Holder given an opportunity
to participate in the Underwritten Offering pursuant to the terms of this Agreement agrees that it shall not Transfer any shares
of Common Stock or other equity securities of the Company (other than those included in such offering pursuant to this Agreement),
without the prior written consent of the Company, during the 90-day period beginning on the date of pricing of such offering or
such shorter period during which the Company agrees not to conduct an underwritten primary offering of Common Stock, except in
the event the Underwriters managing the offering otherwise agree by written consent. Each Holder 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).

 

ARTICLE
III

COMPANY PROCEDURES

 

3.1 General
Procedures. If at any time following the consummation of the Transactions, the Company is required to effect the Registration
of Registrable Securities, the Company shall use its best efforts to effect such Registration to permit the sale of such Registrable
Securities in accordance with the intended plan of distribution thereof, and pursuant thereto the Company shall, as expeditiously
as possible:

 

3.1.1
prepare and file with the Commission 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;

 

3.1.2
prepare and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements
to the Prospectus, as may be requested by the Holders or any Underwriter of Registrable Securities or as may be required by the
rules, regulations or instructions applicable to the registration form used by the Company 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;

 

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3.1.3
prior to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish without charge to the
Underwriters, if any, and the Holders of Registrable Securities included in such Registration Statement, and such Holders’
legal counsel, 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 and the Holders
of Registrable Securities included in such Registration or the legal counsel for any such Holders may request in order to facilitate
the disposition of the Registrable Securities owned by such Holders;

 

3.1.4
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 and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement
to be registered with or approved by such other governmental authorities as may be necessary by virtue of the business and operations
of the Company 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 the Company 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;

 

3.1.5
cause all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar
securities issued by the Company are then listed;

 

3.1.6
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;

 

3.1.7
advise each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the
issuance of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or
threatening of any proceeding for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop
order or to obtain its withdrawal if such stop order should be issued;

 

3.1.8
at least five (5) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to
such Registration Statement, furnish a copy thereof to each seller of such Registrable Securities and its counsel, including,
without limitation, providing copies promptly upon receipt of any comment letters received with respect to any such Registration
Statement or Prospectus;

 

3.1.9
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 3.4 hereof;

 

    11

     

    

 

3.1.10
permit a representative of the Holders (such representative to be selected by a majority-in-interest of the participating Holders),
the Underwriters, if any, and any attorney or accountant retained by such Holders or Underwriters to participate, at each such
person’s own expense, in the preparation of the Registration Statement, and cause the Company’s officers, directors
and employees to supply all information reasonably requested by any such representative, Underwriter, attorney or accountant in
connection with the Registration; provided, however, that such representatives or Underwriters enter into
a confidentiality agreement, in form and substance reasonably satisfactory to the Company, prior to the release or disclosure
of any such information; and provided further, the Company may not include the name of any Holder or Underwriter or
any information regarding any Holder or Underwriter in any Registration Statement or Prospectus, any amendment or supplement to
such Registration Statement or Prospectus, any document that is to be incorporated by reference into such Registration Statement
or Prospectus, or any response to any comment letter, without the prior written consent of such Holder or Underwriter and providing
each such Holder or Underwriter a reasonable amount of time to review and comment on such applicable document, which comments
the Company shall include unless contrary to applicable law or the Company believes, in good faith, that the inclusion of such
comments would have a material adverse effect on the Company or its ability to effect the Registration;

 

3.1.11
obtain a “cold comfort” letter from the Company’s independent registered public accountants in the event of
an Underwritten Registration which the participating Holders may rely on, in customary form and covering such matters of the type
customarily covered by “cold comfort” letters as the managing Underwriter may reasonably request, and reasonably satisfactory
to a majority-in-interest of the participating Holders;

 

3.1.12
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 the Company for the purposes of such Registration, addressed to the Holders,
the placement agent or sales agent, if any, and the Underwriters, if any, covering such legal matters with respect to the Registration
in respect of which such opinion is being given as the Holders, placement agent, sales agent, or Underwriters may reasonably request
and as are customarily included in such opinions and negative assurance letters, and reasonably satisfactory to a majority-in-interest
of the participating Holders;

 

3.1.13
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;

 

3.1.14
make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least
twelve (12) months beginning with the first day of the Company’s first full calendar quarter after the effective date
of the Registration 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 Commission);

 

    12

     

    

 

3.1.15
if the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $25,000,000, use
its reasonable efforts to make available senior executives of the Company to participate in customary “road show”
presentations that may be reasonably requested by the Underwriters in any Underwritten Offering; and

 

3.1.16
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.

 

3.2 Registration
Expenses. The Registration Expenses of all Registrations shall be borne by the Company. It is acknowledged by the Holders
that the Holders 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 the Holders.

 

3.3 Requirements
for Participation in Underwritten Offerings. No person may participate in any Underwritten Offering for equity securities
of the Company pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell such person’s
securities on the basis provided in any underwriting arrangements approved by the Company and (ii) completes and executes
all customary questionnaires, powers of attorney, indemnities, lock-up agreements, underwriting agreements and other customary
documents as may be reasonably required under the terms of such underwriting arrangements.

 

3.4 Suspension
of Sales; Adverse Disclosure. Upon receipt of written notice from the Company that a Registration Statement or Prospectus
contains a Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until he, she or
it has received copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company
hereby covenants to prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until
he, she or it is advised in writing by the Company 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 the Company to make an Adverse
Disclosure or would require the inclusion in such Registration Statement of financial statements that are unavailable to the Company
for reasons beyond the Company’s control, the Company 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 thirty (30) days, determined in good faith by the Company to be necessary for such purpose. In
the event the Company 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 any Registration in connection with any sale
or offer to sell Registrable Securities. The Company shall immediately notify the Holders of the expiration of any period during
which it exercised its rights under this Section 3.4.

 

    13

     

    

 

3.5 Reporting
Obligations. As long as any Holder shall own Registrable Securities, the Company, 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 the Company after the date hereof 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. The Company further covenants
that it shall take such further action as any Holder may reasonably request, all to the extent required from time to time to enable
such Holder to sell shares of Common Stock held by such Holder without registration under the Securities Act within the limitation
of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule promulgated thereafter
by the Commission), including providing any legal opinions. Upon the request of any Holder, the Company shall deliver to such
Holder a written certification of a duly authorized officer as to whether it has complied with such requirements.

 

ARTICLE
IV

INDEMNIFICATION AND CONTRIBUTION

 

4.1 Indemnification.

 

4.1.1
The Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers and directors
and each person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities
and expenses (including attorneys’ fees) caused by any untrue or alleged untrue statement of material fact contained in
any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission
or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading,
except insofar as the same are caused by or contained in any information furnished in writing to the Company by such Holder expressly
for use therein. The Company 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 with respect to the indemnification
of the Holder.

 

4.1.2
In connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall
furnish to the Company in writing such information and affidavits as the Company reasonably requests for use in connection with
any such Registration Statement or Prospectus and, to the extent permitted by law, shall indemnify the Company, its directors
and officers and agents and each person who controls the Company (within the meaning of the Securities Act) against any losses,
claims, damages, liabilities and expenses (including without limitation reasonable attorneys’ fees) resulting from any untrue
statement of material fact contained in the Registration Statement, Prospectus or preliminary Prospectus 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 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 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 with respect to indemnification of the Company.

 

    14

     

    

 

4.1.3
Any person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim
with respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s
right to indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless
in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties
may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably
satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not be subject to any liability
for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably withheld). An
indemnifying party who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees
and expenses of more than one counsel (plus local counsel) for all parties indemnified by such indemnifying party with respect
to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified
party and any other of such indemnified parties with respect to such claim. No indemnifying party shall, without the consent of
the indemnified party, consent to the entry of any judgment or enter into any settlement which cannot be settled in all respects
by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms of such settlement) or which
settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party
of a release from all liability in respect to such claim or litigation.

 

4.1.4
The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made
by or on behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive
the transfer of securities. The Company and each Holder of Registrable Securities participating in an offering also agrees to
make such provisions as are reasonably requested by any indemnified party for contribution to such party in the event the Company’s
or such Holder’s indemnification is unavailable for any reason.

 

4.1.5
If the indemnification provided under Section 4.1 hereof 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 the 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 the 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 subsection
4.1.5 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 subsections 4.1.1, 4.1.2 and 4.1.3 above,
any legal or other fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding.
The parties hereto agree that it would not be just and equitable if contribution pursuant to this subsection 4.1.5 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 subsection 4.1.5. 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 subsection 4.1.5 from any person who was
not guilty of such fraudulent misrepresentation.

 

    15

     

    

 

ARTICLE
V

MISCELLANEOUS

 

5.1 Notices.
Any notice or communication under this Agreement must be in writing and given by (i) deposit in the United States mail, addressed
to the party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in
person or by courier service providing evidence of delivery, or (iii) transmission by hand delivery, electronic mail, telecopy,
telegram or facsimile. Each notice or communication that is mailed, delivered, or transmitted in the manner described above shall
be deemed sufficiently given, served, sent, and received, in the case of mailed notices, on the third business day following the
date on which it is mailed and, in the case of notices delivered by courier service, hand delivery, electronic mail, telecopy,
telegram or facsimile, at such time as it is delivered to the addressee (with the delivery receipt or the affidavit of messenger)
or at such time as delivery is refused by the addressee upon presentation. Any notice or communication under this Agreement must
be addressed, if to the Company, to: Anghami Inc., Dubai Internet City, Building 17, 2nd Floor, Office 254; Attn: Edgard Maroun,
with copies to Norton Rose Fulbright, 1301 McKinney, Suite 5100 Houston, Texas 77010; Attn: Brian Fenske and Ayse Yuksel Mahfoud
and Winston & Strawn LLP, 35 W. Wacker, Chicago Illinois, 60601, and, if to any Holder, at such Holder’s address or
contact information as set forth in the Company’s books and records. Any party may change its address for notice at any
time and from time to time by written notice to the other parties hereto, and such change of address shall become effective thirty
(30) days after delivery of such notice as provided in this Section 5.1.

 

5.2 Assignment;
No Third Party Beneficiaries.

 

5.2.1
This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company
in whole or in part.

 

5.2.2
Prior to the expiration of the Founder Shares Lock-up Period or the Private Placement Lock-up Period, as the case may be, no Holder
may assign or delegate such Holder’s rights, duties or obligations under this Agreement, in whole or in part, except in
connection with a transfer of Registrable Securities by such Holder to a Permitted Transferee but only if such Permitted Transferee
agrees to become bound by the transfer restrictions set forth in this Agreement.

 

5.2.3
This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors
and the permitted assigns of the Holders, which shall include Permitted Transferees.

 

    16

     

    

 

5.2.4
This Agreement shall not confer any rights or benefits on any persons that are not parties hereto, other than as expressly set
forth in this Agreement, including this Section 5.2.

 

5.2.5
No assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate
the Company unless and until the Company shall have received (i) written notice of such assignment as provided in Section 5.1 hereof
and (ii) the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms
and provisions of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement). Any transfer
or assignment made other than as provided in this Section 5.2 shall be null and void.

 

5.3 Counterparts.
This Agreement may be executed in multiple counterparts (including facsimile or PDF counterparts), each of which shall be deemed
an original, and all of which together shall constitute the same instrument, but only one of which need be produced.

 

5.4 Governing
Law; Venue. NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES
EXPRESSLY AGREE THAT (I) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF NEW YORK AS APPLIED
TO AGREEMENTS AMONG NEW YORK RESIDENTS ENTERED INTO AND TO BE PERFORMED ENTIRELY WITHIN NEW YORK AND (II) THE VENUE FOR ANY
ACTION TAKEN WITH RESPECT TO THIS AGREEMENT SHALL BE ANY STATE OR FEDERAL COURT IN NEW YORK COUNTY IN THE STATE OF NEW YORK.

 

5.5 Amendments
and Modifications. Upon the written consent of the Company and the Holders of at least a majority-in-interest of the Registrable
Securities at the time in question, compliance with any of the provisions, covenants and conditions set forth in this Agreement
may be waived, or any of such provisions, covenants or conditions may be amended or modified; provided, however,
that, notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects one Holder, solely in his, her
or its capacity as a holder of the shares of capital stock of the Company, in a manner that is materially different from the other
Holders (in such capacity) shall require the consent of the Holder so affected. No course of dealing between any Holder or the
Company and any other party hereto or any failure or delay on the part of a Holder or the Company in exercising any rights or
remedies under this Agreement shall operate as a waiver of any rights or remedies of any Holder or the Company. No single or partial
exercise of any rights or remedies under this Agreement by a party shall operate as a waiver or preclude the exercise of any other
rights or remedies hereunder or thereunder by such party.

 

5.6 Other
Registration Rights. The Company represents and warrants that no person, other than a Holder of Registrable Securities, has
any right to require the Company to register any securities of the Company for sale or to include such securities of the Company
in any Registration filed by the Company for the sale of securities for its own account or for the account of any other person.
Further, the Company represents and warrants that this Agreement supersedes any other registration rights agreement or agreement
with similar terms and conditions and in the event of a conflict between any such agreement or agreements and this Agreement,
the terms of this Agreement shall prevail.

 

    17

     

    

 

5.7 Term.
This Agreement shall terminate upon the earlier of (i) the tenth anniversary of the date of this Agreement or (ii) the
date as of which (A) all of the Registrable Securities have been sold pursuant to a Registration Statement (but in no event
prior to the applicable period referred to in Section 4(a)(3) of the Securities Act and Rule 174 thereunder (or
any successor rule promulgated thereafter by the Commission)) or (B) the Holders of all Registrable Securities are permitted
to sell the Registrable Securities without registration pursuant to Rule 144 (or any similar provision) under the Securities
Act with no volume or other restrictions or limitations. The provisions of Section 3.5 and Article
IV shall survive any termination.

 

 

[Signature
Page Follows]

 

    18

     

    

 

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

 

	 	COMPANY:
	 	 
	 	ANGHAMI
    INC., a Cayman Islands company
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	VISTAS:
	 	 
	 	VISTAS
    MEDIA ACQUISITION COMPANY INC., a Delaware
    corporation
	 	 	 
	 	By:	
	 	 	Name: 	F. Jacob Cherian
	 	 	Title: 	Chief Executive Officer
	 	 	 	 
	 	 	 	 
	 	HOLDERS:
	 	 
	 	VISTAS
    MEDIA SPONSOR, LLC, a Delaware limited
    liability company
	 	 	 
	 	By:	
	 	 	Name: 	F. Jacob Cherian
	 	 	Title: 	Manager
	 	 	 	 
	 	 	 	 
	 	I-BANKERS
    SECURITIES, INC.
	 	 
	 	By:	
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	 	 	 
	 	 	[ANGHAMI
SHAREHOLDERS]

 

 

[Signature
Page to Registration Rights Agreement]Exhibit
10.5

 

Lock-Up
Agreement

 

This
Lock-Up Agreement (this “Agreement”), dated as of [●],
2021, by and between Anghami Inc., a Cayman Islands exempted company and wholly-owned subsidiary of the Company (as defined below)
(“Pubco”), and certain holders of capital stock (and each other Person who, after the date hereof, acquires
capital stock of the Company and becomes party to this Agreement by executing a Joinder Agreement (such Persons, the “Shareholders”)).

 

WHEREAS,
on the date hereof, Pubco has entered into that certain Business Combination Agreement, dated as of the date hereof (as amended,
supplemented, restated or otherwise modified from time to time, the “Business Combination Agreement”), by and
among Vistas Media Acquisition Company Inc., a Delaware corporation (“Vistas”), Anghami, a Cayman Island exempt
corporation (the “Company”), Anghami Vista 1, a Cayman Islands exempted company and wholly-owned subsidiary
of Pubco (“Vistas Merger Sub”) and Anghami Vista 2, a Cayman Islands exempted company and wholly-owned subsidiary
of Pubco (“Anghami Merger Sub”), and certain other parties thereto pursuant to which, among other things, Vistas
will be merged with and into Vistas Merger Sub (the “Vistas Merger”) and Anghami Merger Sub shall be merged
with and into the Company (the “Anghami Merger” and, together with the Vistas Merger, the “Mergers”
and together with the other transactions contemplated by the Business Combination Agreement the “Transactions”);

 

WHEREAS,
in connection with consummation of the Transaction, (i) Pubco is going to become the new publicly-traded parent company of the
Company, and (ii) holders of the Company capital stock shall have received shares of Common Stock as consideration in the Transactions
in respect of their equity interests held in the Company as of immediately prior to the consummation of the Transactions; and

 

WHEREAS,
the parties hereto desire to enter into this Agreement to provide for certain rights and obligations associated with the ownership
of shares of Common Stock.

 

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

 

Article
I.

DEFINITIONS

 

Section
1.01 Definitions.

 

Capitalized
terms use but not expressly defined in this Agreement shall have the meanings ascribed to them in the Business Combination Agreement.
The following definitions shall apply to this Agreement:

 

“Affiliate”
with respect to any Person, has the meaning ascribed to such term under Rule 12b-2 promulgated by the SEC under the Securities
Exchange Act.

 

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

 

     

     

    

 

“Anghami
Merger” has the meaning set forth in the recitals.

 

“Anghami
Merger Sub” has the meaning set forth in the recitals.

 

“Applicable
Law” means all applicable provisions of constitutions, treaties, statutes, laws (including the common law), rules, regulations,
decrees, ordinances, codes, proclamations, declarations or orders of any Governmental Entity.

 

“Business
Combination Agreement” has the meaning set forth in the recitals.

 

“Business
Day” means any day other than Saturday, Sunday or other day on which commercial banks in New York, New York or London,
United Kingdom are authorized or required by Law to close; provided, however, for clarification, commercial banks shall not be
deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”,
“non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations
at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers)
of commercial banks in New York, New York or London, United Kingdom generally are open for use by customers on such day.

 

“Closing”
has the meaning set forth in the Business Combination Agreement.

 

“Closing
Date” has the meaning set forth in the Business Combination Agreement.

 

“Common
Stock” means the [ordinary shares, par value [$]___ per share,] and any other shares of Common Stock issued or issuable
with respect to any other equity or debt interests of the Company (whether by way of a stock dividend or stock split or in exchange
for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization,
merger, consolidation, other corporate reorganization or other similar event).

 

“Company”
has the meaning set forth in the preamble, and includes the Company’s successors by merger, acquisition, reorganization
or otherwise.

 

“Company
Equity Interest” means Common Stock or any other equity securities of the Company, or securities exchangeable or exercisable
for, or convertible into, such other equity securities of the Company.

 

“control”
(i) with respect to any Person, has the meaning ascribed to such term under Rule 12b-2 promulgated by the SEC under the Securities
Exchange Act, and (ii) with respect to any Interest, means the possession, directly or indirectly, of the power to direct, whether
by agreement, contract, agency or otherwise, the voting rights or disposition of such Interest.

 

“Disinterested
Independent Directors” has the meaning set forth in Section 5.04.

 

“Family
Group” means, with respect to a Person who is an individual, (i) such individual’s spouse and descendants (whether
natural or adopted), parents and such parent’s descendants (whether natural or adopted) (collectively, for purposes of this
definition, “relatives”), (ii) such individual’s executor or personal representative, (iii) any trust,
the trustee of which is such individual or such individual’s executor or personal representative and which at all times
is and remains solely for the benefit of such individual and/or such individual’s relatives or (iv) an endowed trust or
other charitable foundation, but only if such individual or such individual’s executor or personal representative maintains
control over all voting and disposition decisions.

 

    -2-

     

    

 

“Governmental
Entity” means any nation or government, any state, province or other political subdivision thereof, any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any court,
arbitrator or other body or administrative, regulatory or quasi-judicial authority, agency, department, board, commission or instrumentality
of any federal, state, local or foreign jurisdiction.

 

“Interest”
means the capital stock or other securities of the Company or any Affiliated Company or any other interest or financial or other
stake therein, including, without limitation, the Company Equity Interests.

 

“Joinder
Agreement” means the joinder agreement in form and substance of Exhibit A attached hereto.

 

“Lock-up
Period” has the meaning set forth in Section 2.01.

 

“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.

 

“own”
or “ownership” (and derivatives of such terms) means (i) ownership of record, and (ii) “beneficial ownership”
as defined in Rule 13d-3 or Rule 16a-1(a)(2) promulgated by the SEC under the Securities Exchange Act (but without regard to any
requirement for a security or other interest to be registered under Section 12 of the Securities Act).

 

“Person”
means any natural person, sole proprietorship, partnership, joint venture, trust, unincorporated association, corporation, limited
liability company, entity or Governmental Entity.

 

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

 

“Prospectus”
means the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Restricted
Shares” means with respect to any Shareholder, any shares of Common Stock beneficially owned or owned of record by such
Shareholder.

 

“SEC”
means the United States Securities and Exchange Commission (or any successor Governmental Entity).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

    -3-

     

    

 

“Securities
Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

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

 

“Subsequent
Transaction” has the meaning set forth in Section 2.01.

 

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

 

“Transfer”
means to, directly or indirectly, sell, transfer, assign, pledge, encumber, hypothecate or similarly dispose of, either voluntarily
or involuntarily, or to enter into any contract, option or other arrangement or understanding with respect to the sale, transfer,
assignment, pledge, encumbrance, hypothecation or similar disposition of, any Interest owned by a Person or any interest (including
a beneficial interest) in, or the ownership, control or possession of, any Interest owned by a Person.

 

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

 

“Vistas
Merger” has the meaning set forth in the recitals.

 

“Vistas
Merger Sub” has the meaning set forth in the recitals.

 

Article
II.

RESTRICTIONS ON TRANSFER

 

Section
2.01 General Restrictions on Transfer.

 

Except
as permitted by Section 2.02, the Company Shareholders agree, he or she shall not Transfer any shares of Common Stock
until the earlier of (A) six months after the Closing Date and (B) subsequent to the Closing Date, the date on which the Company
completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the
Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property
(the “Lock-up Period”). Following the expiration of the Lock-up Period, the Restricted Shares of such Shareholder
may be sold without restriction under this Agreement, other than the restriction set forth in Section 2.03(c) below.

 

Notwithstanding
anything in this Agreement to the contrary, if there is a reduction in the cash consideration payable to any Company Shareholder
pursuant to Section 2.4(b) of the Business Combination Agreement, the provisions of this Section 2.01 shall not apply to
such number of shares of Common Stock owned by such Company Shareholder determined by dividing the amount of that reduction in
cash consideration by $10 rounded up to the nearest whole share.

 

    -4-

     

    

 

Section
2.02 Permitted Transfers

 

(a)
Transfers for Estate Planning. Notwithstanding Section 2.01, any Shareholder who is a natural Person, so long as
the applicable transferee executes a counterpart signature page to this Agreement agreeing to be bound by the terms of this Agreement
applicable to such Shareholder, shall be permitted to make the following Transfers:

 

i. any Transfer of shares of Common Stock by such Shareholder to its Family Group without consideration or to a charitable organization;
provided, that no further Transfer by such member of such Shareholder’s Family Group or by such charitable organization
may occur without compliance with the provisions of this Agreement; and

 

ii.
upon the death of any Shareholder who is a natural Person, any distribution of any such shares of Common Stock owned by such Shareholder
by the will or other instrument taking effect at death of such Shareholder or by applicable laws of descent and distribution to
such Shareholder’s estate, executors, administrators and personal representatives, and then to such Shareholder’s
heirs, legatees or distributees; provided, that a Transfer by such transferor pursuant to this Section 2.02(b)(ii)
shall only be permitted if a Transfer to such transferee would have been permitted if the original Shareholder had been the transferor.

 

(b)
Transfers to Affiliates. Notwithstanding Section 2.01, each Shareholder shall be permitted to Transfer from time
to time any or all of the Common Stock owned by such Shareholder to (i) if it is an individual, any of its wholly-owned Affiliates,
(ii) if it is an entity, any of its Affiliates, or (ii) any equity holder of such Shareholder, so long as the applicable transferee
executes a counterpart signature page to this Agreement agreeing to be bound by the terms of this Agreement applicable to such
Shareholder.

 

Section
2.03 Miscellaneous Provisions Relating to Transfers

 

(a)
Legend. In addition to any legends required by Applicable Law, each certificate representing Common Stock shall bear a
legend substantially in the following form:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A Lock-Up Agreement (A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF
THE COMPANY). NO TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE MAY BE MADE EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SUCH Lock-Up Agreement.”

 

(b)
Prior Notice. Prior notice shall be given during the applicable Lock-up Period to the Company by the transferor of any
Transfer of any Common Stock permitted by Section 2.02. Prior to consummation of any such Transfer during the applicable
Lock-up Period, or prior to any Transfer pursuant to which rights and obligations of the transferor under the Agreement are assigned
in accordance with the terms of this Agreement, the transferring Stockholder shall cause the transferee to execute and deliver
to the Company a Joinder Agreement and agree to be bound by the terms and conditions of this Agreement. Upon any Transfer by any
Shareholder of any of its Common Stock, in accordance with the terms of this Agreement and which is made in conjunction with the
assignment of such Shareholder’s rights and obligations hereunder, the transferee thereof shall be substituted for, and
shall assume all the rights and obligations (as the same type of Shareholder of the transferor) under this Agreement, of the transferor
thereof with respect to such Transferred Common Stock.

 

    -5-

     

    

 

(c)
Compliance with Laws. Notwithstanding any other provision of this Agreement, each Shareholder agrees that it will not,
directly or indirectly, Transfer any of its Common Stock except as permitted under the Securities Act and other Applicable Laws.

 

(d)
Null and Void. Any attempt to Transfer any Common Stock that is not in compliance with this Agreement shall be null and
void, and the Company shall not, and shall cause any transfer agent not to, give any effect in the Company’s stock records
to such attempted Transfer and the purported transferee in any such purported Transfer shall not be treated as the owner of such
Common Stock for any purposes of this Agreement.

 

(e)
Removal of Legends. In connection with the written request of a Shareholder, following the expiration of the applicable
Lock-up Period, the Company shall remove any restrictive legend included on the certificates (or, in the case of book-entry shares,
any other instrument or record) representing such Shareholder’s and/or its Affiliates’ or permitted transferee’s
ownership of Common Stock, and the Company shall issue a certificate (or evidence of the issuance of securities in book-entry
form) without such restrictive legend or any other restrictive legend to the holder of the applicable shares of Common Stock upon
which it is stamped, if (i) such shares of Common Stock are registered for resale under the Securities Act and the registration
statement for such Company Equity Interests has not been suspended pursuant to Section 5.03 hereof or as otherwise
required by the Securities Act, the Securities Exchange Act or the rules and regulations of the SEC promulgated thereunder,
(ii) such shares of Common Stock are sold or transferred pursuant to Rule 144, or (iii) such shares of Common Stock
are eligible for sale pursuant to Section 4(a)(1) of the Securities Act or Rule 144 without volume or manner-of-sale restrictions.
Following the earlier of (A) the effective date of a Registration Statement registering such shares of Common Stock or (B) Rule 144
becoming available for the resale of such shares of Common Stock without volume or manner-of-sale restrictions, the Company, upon
the written request of the Shareholder or its permitted transferee and, if requested by the Company, the provision by such Person
of an opinion of reputable counsel reasonably satisfactory to the Company and the Company’s transfer agent, shall instruct
the Company’s transfer agent to remove the legend from such shares of Common Stock (in whatever form) and shall cause Company
counsel to issue any legend removal opinion required by the transfer agent. Any fees (with respect to the transfer agent, Company
counsel, or otherwise) associated with the removal of such legend (except for the provision of the legal opinion by the Shareholder
or its permitted transferee to the transfer agent referred to above) shall be borne by the Company. If a legend is no longer required
pursuant to the foregoing, the Company will promptly following the delivery by any Shareholder or its permitted transferee to
the Company or the transfer agent (with notice to the Company) of a legended certificate (if applicable) representing such shares
of Common Stock and, to the extent required, a seller representation letter representing that such shares of Common Stock may
be sold pursuant to Rule 144, and a legal opinion of reputable counsel reasonably satisfactory to the Company and the transfer
agent, deliver or cause to be delivered to the holder of such Company Equity Interests a certificate representing such shares
of Common Stock (or evidence of the issuance of such shares of Common Stock in book-entry form) that is free from all restrictive
legends.

 

    -6-

     

    

 

Article
III.

REPRESENTATIONS AND WARRANTIES

 

Section
3.01 Representations and Warrantiesof the Shareholders. Each Shareholder hereby,
severally and not jointly, represents and warrants to the Company and each other Shareholder as of the date of this Agreement
that:

 

(a) if such Shareholder is not
a natural Person, such Shareholder is an entity duly organized and validly existing and in good standing under the laws of the
jurisdiction of its organization and has all requisite power and authority to execute and deliver this Agreement, to perform its
obligations hereunder and to consummate the transactions contemplated hereby;

 

(b)
the execution and delivery of this Agreement, the performance by such Shareholder of its obligations hereunder and the consummation
of the transactions contemplated hereby have been duly authorized by all requisite corporate or other action of such Shareholder,
and that such Shareholder has duly executed and delivered this Agreement;

 

(c)
this Agreement constitutes the legal, valid and binding obligation of such Shareholder, enforceable against such Shareholder in
accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law);

 

(d)
the execution, delivery and performance of this Agreement by such Shareholder and the consummation of the transactions contemplated
hereby, require no action by or in respect of, or filing with, any Governmental Entity, except as set out in the Business Combination
Agreement;

 

(e)
the execution, delivery and performance by such Shareholder of this Agreement and the consummation of the transactions contemplated
hereby do not (i) if such Shareholder is not a natural Person, conflict with or result in any violation or breach of any provision
of any of the organizational documents of such Shareholder, (ii) conflict with or result in any violation or breach of any provision
of any Applicable Law applicable to such Shareholder, or (iii) require any consent or other action by any Person under any provision
of any material agreement or other instrument to which the Shareholder is a party and which has not been obtained prior to or
on the date of this Agreement;

 

(f)
except for this Agreement, the Business Combination Agreement or any other Transaction Agreement, such Shareholder has not entered
into or agreed to be bound by any other agreements or arrangements of any kind with any other party with respect to any Company
Equity Interests, including agreements or arrangements with respect to the acquisition or disposition of the Common Stock or any
interest therein or the voting of the Common Stock (whether or not such agreements and arrangements are with the Company or any
other Shareholder of the Company); and

 

(g)
such Shareholder has not entered into, and agrees that it will not enter into, any agreement with respect to its securities that
violates or subordinates or is otherwise inconsistent with the rights granted to the Shareholders and the Company under this Agreement.

 

    -7-

     

    

 

Section
3.02 Representations and Warrantiesof the Company. The Company hereby represents
and warrants to each Shareholder that as of the date of this Agreement:

 

(a)
the Company is duly organized and validly existing and in good standing under the laws of the jurisdiction of its organization
and has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate
the transactions contemplated hereby;

 

(b)
the execution and delivery of this Agreement, the performance of by the Company of its obligations hereunder and the consummation
of the transactions contemplated hereby have been duly authorized by all requisite corporate or other action of the Company, and
the Company has duly executed and delivered this Agreement;

 

(c)
this Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance
with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar
laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is
sought by proceedings in equity or at law);

 

(d)
the execution, delivery and performance of this Agreement by the Company and the consummation of the transactions contemplated
hereby, require no action by or in respect of, or filing with, any Governmental Entity, except as set out in the Business Combination
Agreement or any other Transaction Agreement;

 

(e)
the execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated
hereby do not (i) conflict with or result in any violation or breach of any provision of any of the organizational documents of
the Company, (ii) conflict with or result in any violation or breach of any provision of any Applicable Law or (iii) require any
consent or other action by any Person under any provision of any material agreement or other instrument to which the Company is
a party;

 

(f)
except for this Agreement, the Business Combination Agreement or any other Transaction Agreement, the Company has not entered
into or agreed to be bound by any other agreements or arrangements of any kind with any other party with respect to the Common
Stock, including agreements or arrangements with respect to the acquisition or disposition of the Common Stock or any interest
therein or the voting of the Common Stock (whether or not such agreements and arrangements are with any Shareholder);

 

(g)
the Company has not entered into, and agrees that it will not enter into, any agreement with respect to its securities that violates
or subordinates or is otherwise inconsistent with the rights granted to the Shareholders under this Agreement.

 

    -8-

     

    

 

Article
IV.

EFFECTIVENESS

 

Section
4.01 Effectiveness.

 

This
Agreement shall be binding upon the Company and each Shareholder upon its execution and delivery of this Agreement, but this Agreement
shall only become effective upon the Closing. In the event that the Business Combination Agreement is validly terminated in accordance
with its terms prior to the Closing, this Agreement shall automatically terminate and become null and void, and the parties shall
have no obligations hereunder.

 

Article
V.

MISCELLANEOUS

 

Section
5.01 Release of Liability.

 

In
the event any Shareholder shall Transfer all of the Common Stock held by such Shareholder in compliance with the provisions of
this Agreement (including, without limitation, if accompanied with the assignment of rights and obligations hereunder, the execution
and delivery by the transferee of a Joinder Agreement) without retaining any interest therein, then such Shareholder shall cease
to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from
and after the date of such Transfer, except in the case of any breach of this Agreement occurring prior to such Transfer.

 

Section
5.02 Notices.

 

All
notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed
to have been duly given or made as follows: (a) when personally delivered (or, if delivery is refused, upon presentment), (b)
when delivered by fax or email (with affirmative confirmation of receipt), (c) one Business Day after delivery by reputable internationally
recognized overnight express courier (charges prepaid) or (d) three (3) Business Days following mailing by certified or registered
mail, postage prepaid and return receipt requested, in each case to the applicable party at the following addresses (or at such
other address for a party as shall be specified by like notice):

 

    -9-

     

    

 

	If
        to the Company, to:

         

        Anghami
Inc.

        Dubai
        Internet City, Building 17, 2nd Floor, Office 254

        Attn: Edgard Maroun

        Tel. No.:          +961 3 241 435 / +971 55 646 0575 / + 961 3 810 690 / + 971 55 927 32

        Email: edy@anghami.com / legal@anghami.com

         
	 	with
                                         copies (which shall not constitute notice) to:

         

        Norton
        Rose Fulbright

        1301 McKinney, Suite 5100’

         

        Houston,
        Texas 77010

        Attn: Brian Fenske and Ayse Yuksel Mahfoud

        Tel. No.:713-651-5557 and +90 212 386 1310

        Email: brian.fenske@nortonrosefulbright.com

        and
        ayse.yuksel@nortonrosefulbright.com

         

        and

         

        Winston
        & Strawn LLP

        35 W. Wacker

        Chicago, Illinois 60601

	 	 	Attention:	Jason Osborn
	 	 	 	David Sakowitz
	 	 	Email:	josborn@winston.com
	 	 	 	dsakowitz@winston.com

	 	 	Tel. No.: [___________]

        Fax: 312-558-5700

         

        and

         

        Vistas
Representative

Vistas Media Sponsor, LLC

        c/o
        F. Jacob Cherian

        30 Wall Street, 8th Floor

        New York, NY 10005

        Tel. No:[_____________]

	 	 	Email:	fjc@vmac.media

 

	If
    to a Shareholder, to the address of such Shareholder as set forth underneath such Shareholder’s name on the signature
    page hereto (or in the Joinder Agreement).

 

    -10-

     

    

 

Section
5.03 Interpretation.

 

The
headings and captions used in this Agreement and the table of contents to this Agreement are for reference purposes only and shall
not affect in any way the meaning or interpretation of this Agreement. Any capitalized terms used in any Exhibit attached hereto
and not otherwise defined therein shall have the meanings set forth in this Agreement. The use of the word “including”
(and with correlative meaning “include”) herein shall mean “including without limitation.” The words “hereof,”
“herein,” and “hereunder” and words of similar import, when used in this Agreement, shall refer to this
Agreement as a whole and not to any particular provision of this Agreement. References herein to a specific Section, Subsection,
Recital or Exhibit shall refer, respectively, to Sections, Subsections, Recitals or Exhibits of this Agreement. Terms defined
in the singular shall have a comparable meaning when used in the plural, and vice versa. References herein to any gender shall
include each other gender. The word “or” shall not be exclusive unless the context clearly requires the selection
of one (but not more than one) of a number of items. References to “written” or “in writing” include in
electronic form. References herein to any Person shall include such Person’s heirs, executors, personal representatives,
administrators, successors and assigns; provided, however, that nothing contained in this Section 5.03 is intended to authorize
any assignment or transfer not otherwise permitted by this Agreement. References herein to a Person in a particular capacity or
capacities shall exclude such Person in any other capacity. Any reference to “days” shall mean calendar days unless
Business Days are expressly specified; provided, that if any action is required to be done or taken on a day that is not a Business
Day, then such action shall be required to be done or taken not on such day but on the first succeeding Business Day thereafter.
References herein to any Contract or agreement (including this Agreement) mean such Contract or agreement as amended, restated,
supplemented or modified from time to time in accordance with the terms thereof. Any Law or Order defined or referred to herein
means such Law or Order as from time to time amended, modified or supplemented, including, in the case of statutes, by regulations,
rules or orders, and by succession of comparable successor statutes, regulations, rules or orders. With respect to the determination
of any period of time, the word “from” means “from and including” and the words “to” and “until”
each means “to but excluding.” References herein to any law shall be deemed also to refer to all rules and regulations
promulgated thereunder. The word “extent” in the phrase “to the extent” (or similar phrases) shall mean
the degree to which a subject or other thing extends, and such phrase shall not mean simply “if”. An accounting term
not otherwise defined in this Agreement has the meaning assigned to it in accordance with IFRS or GAAP, as applicable, based on
the accounting principles used by the applicable Person. Except where otherwise expressly provided, all amounts in this Agreement
are stated and shall be paid in United States currency. Any reference in this Agreement to a Person’s directors shall include
any member of such Person’s governing body and any reference in this Agreement to a Person’s officers shall include
any Person filling a substantially similar position for such Person. Any reference in this Agreement to a Person’s shareholders
or Shareholders shall include any applicable owners of the equity interests of such Person, in whatever form. The parties hereto
and their respective counsel have reviewed, negotiated and adopted this Agreement as the joint agreement and understanding of
the parties, and the language used in this Agreement shall be deemed to be the language chosen by the parties to express their
mutual intent, and no rule of strict construction shall be applied against any Person.

 

Section
5.04 Severability.

 

If
any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall
remain in full force and effect and shall in no way be affected, impaired or invalidated. Upon such a determination, the parties
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in an acceptable manner so that the transactions contemplated hereby are consummated as originally contemplated to the fullest
extent possible.

 

    -11-

     

    

 

Section
5.05 Entire Agreement.

 

This
Agreement (together with the Business Combination Agreement, the Escrow Agreement to the extent incorporated herein, and including
all agreements entered into pursuant hereto or thereto or referenced herein or therein and all certificates and instruments delivered
pursuant hereto and thereto) constitutes the sole and entire agreement of the parties with respect to the subject matter contained
herein and therein, and supersedes all prior and contemporaneous understandings and agreements, both written and oral, with respect
to such subject matter; provided, that, for the avoidance of doubt, the foregoing shall not affect the rights and obligations
of the parties under the Business Combination Agreement or any other Transaction Agreement.

 

Section
5.06 Amendment and Modification; Waiver.

 

This
Agreement may be amended only by a written instrument signed by the Company and Shareholders holding a majority of the Common
Stock held by all Shareholders and the Sponsor; provided, however, that no such amendment shall materially adversely
change the rights or obligations of any Shareholder disproportionately generally vis a vis other Shareholders party to this Agreement
without the written approval of such disproportionately affected Shareholder. No waiver by any party of any of the provisions
hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving and the Sponsor. No waiver
by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by
such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure
to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed
as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude
any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

 

Section
5.07 Successors and Assigns.

 

This
Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted
assigns and transferees. Neither this Agreement nor any right, benefit, remedy, obligation or liability arising hereunder may
be assigned by a Shareholder without the prior written consent of the Company, and any attempted assignment without such consent
shall be null and void and of no effect; provided that a Shareholder may assign any and all of its rights under this Agreement,
together with its Common Stock, to a permitted transferee in compliance with Section 2.02 hereof. This Agreement and the
rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole or in part, unless
the Company first provides Shareholders holding Common Stock at least ten (10) Business Days prior written notice; provided that
no assignment or delegation by the Company will relieve the Company of its obligations under this Agreement unless Shareholders
holding a majority-in-interest of the Common Stock provide their prior written consent, which consent must not be unreasonably
withheld, delayed or conditioned.

 

Section
5.08 Third-Party Beneficiaries.

 

This
Agreement is for the sole benefit of the parties hereto and their respective successors and assigns and transferees and nothing
herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit
or remedy of any nature whatsoever under or by reason of this Agreement; provided that Vistas Media Sponsor, LLC (“Sponsor”)
is a third party beneficiary to this Agreement and shall be entitled to enforce its terms as if it was a party to this Agreement.

 

    -12-

     

    

 

Section
5.09 Governing Law.

 

This
Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to any
choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than those of the State of New York.

 

Section
5.10 Equitable Remedies.

 

Each
party hereto acknowledges that the other parties hereto would be irreparably damaged in the event of a breach or threatened breach
by such party of any of its obligations under this Agreement and hereby agrees that in the event of a breach or a threatened breach
by such party of any such obligations, each of the other parties hereto shall, in addition to any and all other rights and remedies
that may be available to them at law, in equity, by statute or otherwise in respect of such breach or threatened breach, be entitled
to an injunction from a court of competent jurisdiction (without any requirement to post bond) granting such parties specific
performance by such party of its obligations under this Agreement.

 

Section
5.11 Counterparts.

 

This
Agreement and agreements, certificates, instruments and documents entered into in connection herewith may be executed and delivered
in one or more counterparts and by fax, pdf, email or other electronic document 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, pdf,
email or other electronic document transmission 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, pdf, email or other electronic document transmission as a defense
to the formation or enforceability of a Contract and each party forever waives any such defense.

 

Section
5.12 Arbitration.

 

(a)
Any and all disputes, controversies and claims (other than applications for a temporary restraining order, preliminary injunction,
permanent injunction or other equitable relief or application for enforcement of a resolution under this Section 5.12 arising
out of, related to, or in connection with this Agreement or the transactions contemplated hereby (a “Dispute”)
shall be governed by this Section 5.12. A party (a “Disputing Party”) must, in the first instance, provide
written notice of any Disputes to the Company (a “Dispute Notice”), which Dispute Notice must provide a reasonably
detailed description of the matters subject to the Dispute. The Disputing Party and the Company shall seek to resolve the Dispute
on an amicable basis within ten (10) Business Days of the Dispute Notice being received by the Company (the “Dispute
Resolution Period”); provided, that if any Dispute would reasonably be expected to have become moot or otherwise irrelevant
if not decided within sixty (60) days after the occurrence of such Dispute, then there shall be no Dispute Resolution Period with
respect to such Dispute.

 

    -13-

     

    

 

(b)
Any Dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination,
shall be referred to and finally resolved by arbitration under the International Centre for Dispute Resolution (“ICDR”)
International Dispute Resolution Rules and Procedures (the “ICDR Rules”), which ICDR Rules are deemed to be
incorporated by reference into this Section 5.12. Any Party involved in such Dispute may submit the Dispute to the ICDR
to commence the proceedings after the Dispute Resolution Period. The decision of the arbitration panel shall be final and binding
on the Parties, and it will not be subject to any appeal or proceedings to vacate. The arbitration award may be enforced in any
court of competent jurisdiction.

 

(c)
The situs of the arbitration and any evidentiary proceedings shall be New York and all proceedings and submissions shall be in
the English language. The panel may conduct proceedings in other locations if necessary for the taking of evidence or as
otherwise agreed by the Parties involved in such arbitration.

 

(d)
The arbitration panel shall consist of three members, one to be appointed by the Disputing Party, one to be appointed by the Company,
and the third arbitrator, who shall preside over the arbitration panel, to be chosen by the two party-appointed arbitrators.
If either the Disputing Party or the Company fails to appoint an arbitrator or the two Party-appointed arbitrators fail to appoint
the third within the time periods prescribed below, then the appointments shall be made by the ICDR pursuant to the ICDR Rules.

 

(e)
Arbitration may be commenced by the Disputing Party or the Company by giving written notice to the other setting out the nature
of the dispute and to the ICDR pursuant to the ICDR Rules. Within five (5) Business Days of such notice, the party demanding
arbitration shall appoint its arbitrator. Within fifteen (15) Business Days of that appointment, the other party shall appoint
its arbitrator. Within thirty (30) calendar days after the appointment of both party-appointed arbitrators, those two party-appointed
arbitrators shall appoint the third arbitrator.

 

(f)
Except as required by applicable Law, none of Disputing Party or the Company or the arbitration panel may disclose the existence,
content or results of the arbitration unless and to the extent that disclosure is required by applicable Law or is necessary for
permitted court proceedings.

 

Section
5.13 Jurisdiction and Venue; Waiver of Jury Trial.

 

Each
party irrevocably agrees that the courts of first, the Supreme Court of New York, County of New York, or if such court declines
jurisdiction, then to the federal court sitting in the State of New York, Borough of Manhattan in the City of New York (and in
each case, any appellate courts of the foregoing courts), shall have exclusive jurisdiction to settle any dispute or claim arising
out of or in connection with this Agreement or its subject matter, construction, interpretation, validity, enforceability or formation
(including non-contractual disputes or claims). Each party hereto agrees that a final judgment in any dispute, action or legal
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. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHTS TO, AND AGREES NOT TO REQUEST, TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATED TO
THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY.

 

    -14-

     

    

 

Section
5.14 Additional Securities Subject to Agreement

 

Each
Shareholder agrees that any other Company Equity Interests which it shall hereafter acquire by means of a stock split, stock dividend
or distribution on any of its Restricted Shares or Registrable Securities shall be subject to the provisions of this Agreement
to the same extent as if held on the date hereof.

 

Section
5.15 Further Assurances

 

Each
party to this Agreement shall cooperate and take such action as may be reasonably requested by another party to this Agreement
in order to carry out the provisions and purposes of this Agreement and the transactions contemplated hereby.

 

 

[Signature
Page Immediately Follows]

 

    -15-

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers
as of the day and year first above written.

 

	 	Company:
	 	 	 
	 	ANGHAMI
    INC.
	 	 	 
	 	By:	
	 	 	Name:
	 		Title:

 

 

[Signature
Page to Lock-Up Agreement]

 

    -16-

     

    

 

	 	Shareholders:
	 	 	 
	 	[NAME OF SHAREHOLDER]
	 	 	 
	 	By:	
	 	 	Name:
	 		Title:
	 	 	 
	 	Address for Notices:
	 	 
	 	 
	 	 
	 	 

	 	Attn:	
	 	Tel. No.:	
	 	Fax No.:	 
	 	Email:	 

 

[Signature
Page to Lock-Up Agreement]

 

    -17-

     

    

 

EXHIBIT
A

JOINDER AGREEMENT

 

This
Joinder Agreement (this “Joinder Agreement”) is made as of the date written below by the undersigned (the “Joining
Party”) in accordance with the Lock-Up Agreement dated as of [●], 2021 (as the same may be amended from time to
time, the “Lock-Up Agreement”) by and among Anghami Inc., a Cayman Islands exempted company and wholly-owned
subsidiary of the Company, and the Shareholders (as defined therein). Capitalized terms used, but not defined, herein shall have
the meaning ascribed to such terms in the Lock-Up Agreement.

 

The
Joining Party hereby acknowledges and agrees that, by its execution of this Joinder Agreement, the Joining Party shall be deemed
to be a party under the Lock-Up Agreement as of the date hereof and shall have all of the rights and obligations of the Shareholder
from whom it has acquired the Common Stock (to the extent permitted by the Lock-Up) as if it had executed the Lock-Up as an original
Shareholder party thereto. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms,
provisions and conditions contained in the Lock-Up Agreement, and hereby makes to the Company and the other Shareholders all of
the representations and warranties set forth in Section 3.01 of the Lock-Up Agreement as of the date hereof.

 

IN
WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the date written below.

 

	Date: _________________,
    20[  ]	 	 
	 	 	 	 
	[NAME OF
    JOINING PARTY]	 	Address
    for Joining Party for Notices:
	 	 	 
	 	 	 	 
	By:	      	 	 
	Name:	 	 
	Title:	 	Attn:	 
	 	 	Fax No.:	 
	 	 	Tel. No.:	 
	 	 	 	Email:	 

 

ACCEPTED
AND AGREED ON THIS [     ] day of [                    ], 20[   ]:

 

	ANGHAMI INC.	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

    A-1

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