Document:

Exhibit 10.2

 

REGISTRATION RIGHTS
AGREEMENT

 

AGREEMENT dated as of July 23, 2019 between
Chicken Soup for the Soul Entertainment, Inc., a Delaware corporation (“CSSE”), and _________________ (“Investor”).

 

WITNESSETH
:

 

WHEREAS, in consideration of, and as a condition
to, Investor’s consummation of the transactions contemplated by the Share Purchase Agreement of even date herewith (“Share
Purchase Agreement”), the parties hereto desire to enter into this Registration Rights Agreement (as the same may be
amended, supplemented or restated from time to time, this “Agreement”).

 

NOW, THEREFORE, in consideration of the
covenants and agreements contained herein, the parties hereto agree as follows:

 

ARTICLE 1.

DEFINITIONS

 

Section 1.01 Definitions. Capitalized
terms used but not defined herein shall have the meanings ascribed thereto in the Share Purchase Agreement. In addition, as used
herein, the following terms have the following meanings:

 

“Affiliate” means, with
respect to any Person, any “affiliate” of such Person, within the

meaning of Rule 144.

 

“Board” means the board
of directors of CSSE.

 

“Common Stock” means
the Class A common stock, par value $0.0001 per share, of CSSE.

 

“Company Securities” means
(i) the Common Stock or (ii) the Preferred Stock to be issued by CSSE.

 

“Effective Period” means
the period beginning on the effective date of a Registration Statement and ending on the date when there are no Registrable Securities
outstanding held by Investor or any Affiliate of Investor to whom the rights hereunder are assigned.

 

“Exchange Act” means
the Securities Exchange Act of 1934, as amended.

 

“Form S-l” means such
form under the Securities Act as in effect on the date hereof or any successor registration form under the Securities Act subsequently
adopted by the SEC.

 

“Form S-3” means such
form under the Securities Act as in effect on the date hereof or any registration form under the Securities Act subsequently adopted
by the SEC that permits incorporation of substantial information by reference to other documents filed by the Company with the
SEC.

 

     

     

    

 

“FINRA” means the Financial
Industry Regulatory Authority Inc.

 

“Governmental Authority”
means any transnational, or domestic or foreign, federal, state or local governmental authority, department, court, agency
or official, including any political subdivision thereof.

 

“Government Official” means
(a) any officer, director, employee, appointee or official representative of a Governmental Authority or of a public international
organization; (b) any political party or party official; or (c) any candidate for political or judicial office.

 

“Notice and Questionnaire”
means a written notice delivered to CSSE containing substantially the information called for by the Form of Selling Securityholder
Notice and Questionnaire attached as Exhibit A.

 

“Person” means an individual,
corporation, partnership, limited liability company, association, trust or other entity or organization, including a Governmental
Authority.

 

“Preferred Stock” means
CSSE’s 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share.

 

“Public Offering” means
an underwritten public offering of Company Securities

pursuant to an effective Registration Statement.

 

“Registrable Securities”
means all shares of Preferred Stock issued to Investor under the Share Purchase Agreement.

 

“Registration Expenses” means
any and all expenses incident to the performance of or compliance with any registration or marketing of securities, including all
(i) registration and filing fees, and all other fees and expenses payable in connection with the listing of securities on any securities
exchange or automated interdealer quotation system, (ii) fees and expenses of compliance with any securities or “blue sky”
laws (including reasonable fees and disbursements of counsel in connection with “blue sky” qualifications of the securities
registered), (iii) expenses in connection with the preparation, printing, mailing and delivery of any Registration Statements,
prospectuses and other documents in connection therewith and any amendments or supplements thereto, (iv) security engraving and
printing expenses, (v) internal expenses of CSSE (including all salaries and expenses of its officers and employees performing
legal or accounting duties), (vi) reasonable fees and disbursements of counsel for CSSE and customary fees and expenses for independent
certified public accountants retained by CSSE (including the expenses relating to any comfort letters or costs associated with
the delivery by independent certified public accountants or any “cold comfort” letters requested pursuant to Section
2.05, (vii) reasonable fees and expenses of any special experts retained by CSSE in connection with such registration, (viii)
reasonable fees and expenses of one legal counsel for Investor (capped at $10,000) and all other reasonable documented out-of-pocket
third-party expenses of Investor, (ix) fees and expenses in connection with any review by FINRA of the underwriting arrangements
or other terms of the offering, and all fees and expenses of any qualified independent underwriter, including the fees and expenses
of any counsel thereunder, including the fees and expenses of any counsel thereto, (x) fees and disbursements of underwriters customarily
paid by issuers or sellers of securities, but excluding any underwriting fees, discounts and commissions attributable to the sale
of Registrable Securities, (xi) costs of printing and producing any agreements among underwriters, underwriting agreements, any
“blue sky” or legal investment memoranda and any selling agreements and other documents in connection with the offering,
sale or delivery of the Registrable Securities, (xii) transfer agents’ and registrars’ fees and expenses and the fees
and expenses of any other agent appointed in connection with such offering, (xiii) expenses relating to any analyst or investor
presentations or any “road shows” undertaken in connection with the registration, marketing or selling of the Registrable
Securities, and (xiv) all out of pocket costs and expenses incurred by CSSE or its appropriate officers in connection with their
compliance with Section 2.05.

 

     

     

    

 

“Registration Statement”
means a registration statement filed by CSSE with the SEC in compliance with the Securities Act and the rules and regulations
promulgated thereunder (other than a registration on Form S-8, S-4 or any successor forms, relating to any other class of Company
Securities issuable upon exercise of employee stock options or in connection with any employee benefit or similar plan of CSSE,
or in connection with a direct or indirect acquisition by CSSE of another Person, or in connection with an exchange offer or offering
of securities solely to CSSE’s existing stockholders). In no event shall a Registration Statement filed pursuant to Section
2.01 include securities to be registered by any Person other than Investor or any Affiliate to whom the rights hereunder have
been assigned.

 

“Rule 144” means Rule
144 (or any successor provisions) under the Securities Act.

 

“SEC” means the Securities
and Exchange Commission.

 

“Securities Act” means
the Securities Act of 1933, as amended.

 

ARTICLE 2.

REGISTRATION RIGHTS

 

Section 2.01. Shelf Registration.

 

(a)       CSSE
shall use its commercially reasonable efforts to prepare and file or cause to be prepared and filed with the SEC a Registration
Statement for the benefit of Investor covering the resale of the Registrable Securities held by Investor on the date hereof no
later than 90 days following the date of this Agreement (the “Registration Statement Deadline”) for an offering
to be made on a continuous basis pursuant to Rule 415 promulgated by the SEC pursuant to the Securities Act on Form S-3, provided
that if CSSE is not then eligible to register for resale such Registrable Securities on Form S-3, such registration shall be
on Form S-l or another appropriate form in accordance herewith. The Registration Statement registered hereunder shall contain substantially
the “Plan of Distribution” attached hereto as Exhibit C. CSSE shall pay all Registration Expenses in
connection with the registration contemplated by this Section 2.01.

 

     

     

    

 

(b)       CSSE
shall use its commercially reasonable efforts to keep the Registration Statement filed pursuant to Section 2.01(a), as such
Registration Statement may be amended in accordance with such Section, continuously effective during the Effective Period and effect
the registration thereunder of Registrable Securities held by Investor, or any Affiliate of Investor to whom Registrable Securities
have been transferred.

 

Section 2.02 Piggyback Registration.

 

(a)       If
the Registrable Securities are not then registered under an effective Registration Statement, and if CSSE proposes to register
any Preferred Stock under the Securities Act (other than a registration on Form S-8, S-4 or any successor forms, relating to any
other class of Company Securities issuable upon exercise of employee stock options or in connection with any employee benefit or
similar plan of CSSE, or in connection with a direct or indirect acquisition by CSSE of another Person, or in connection with an
exchange offer or offering of securities solely to CSSE’s existing stockholders), for the account of any holder of Preferred
Stock other than Investor, CSSE shall give prompt notice at least ten (10) Business Days prior to the anticipated filing date of
the Registration Statement relating to such registration to Investor, which notice shall set forth Investor’s rights under
this Section 2.02 and shall offer Investor the opportunity to include in such Registration Statement the number of Registrable
Securities of the same class or series as those proposed to be registered as Investor may request (a “Piggyback Registration”),
subject to the provisions of Section 2.03. Upon the request of Investor and delivery of a Notice and Questionnaire to
CSSE made within five (5) Business Days after the receipt of notice from CSSE (which request shall specify the number of Registrable
Securities intended to be registered by Investor), CSSE shall cause all Registrable Securities that CSSE has been requested to
register by Investor to be included in such registration; provided that (i) if such registration involves a Public Offering,
Investor must sell its Registrable Securities to the underwriters selected as provided in Section 2.05, on the same terms
and conditions as apply to CSSE, and (ii) if, at any time after giving notice of its intention to register any Company Securities
pursuant to this Section 2.02(a) and prior to the effective date of the registration statement filed in connection with
such registration, CSSE shall determine for any reason not to register such securities, CSSE shall give notice to Investor and,
thereupon, shall be relieved of its obligation to register any Registrable Securities in connection with such registration. No
registration effected under this Section 2.02 shall relieve CSSE of its obligations to effect a shelf registration as required
by Section 2.01. CSSE shall pay all Registration Expenses in connection with each Piggyback Registration.

 

Section 2.03 Reduction of Offering Size.
If a Registration Statement filed under Section 2.01 or a Piggyback Registration involves a Public Offering and the managing
underwriter advises CSSE that, in its view, the number of shares of Company Securities that CSSE and Investor and any other investors
intend to include in such registration exceeds the largest number of shares that can be sold without having an adverse effect on
such offering, including the price at which such shares can be sold (the “Maximum Offering Size”) (including
the number of securities to be sold by CSSE), CSSE shall include in such registration, in the following priority, up to the Maximum
Offering Size:

 

     

     

    

 

(a)       If
the Registration Statement is filed under Section 2.01,

 

(i)       first,
all Registrable Securities requested to be included in such registration by Investor as would not cause the offering to exceed
the Maximum Offering Size;

 

(ii)       second,
so much of the Company Securities proposed to be registered for the account of CSSE as would not cause the offering to exceed the
Maximum Offering

Size; and

 

(iii)       third,
any securities proposed to be registered for the account of any other

Persons as would not cause the offering to exceed the Maximum Offering Size, with such

priorities among them as CSSE shall determine.

 

(b)       If
the Registration Statement includes a Piggyback Registration:

 

(i)       first,
so much of the Company Securities proposed to be registered for the account of CSSE as would not cause the offering to exceed the
Maximum Offering Size;

 

(ii)       second,
all Registrable Securities requested to be included in such registration by Investor as would not cause the offering to exceed
the Maximum Offering Size; and

 

(iii)       third,
any securities proposed to be registered for the account of any other Persons as would not cause the offering to exceed the Maximum
Offering Size, with such priorities among them as CSSE shall determine.

 

In the event that Registrable Securities are
cutback hereunder, CSSE shall give the holders of Registrable Securities at least five (5) Business Days prior written notice along
with the calculations as to such holder’s allotment in the Registration Statement.

 

Section 2.04 [reserved]

 

Section 2.05 Registration Procedures.
Whenever Registrable Securities are registered pursuant to Section 2.01 or Section 2.02, subject to the provisions
of such Sections, CSSE shall use commercially reasonable efforts to effect the registration and the sale of such Registrable Securities
in accordance with the intended method of disposition thereof as quickly as practicable, and, in connection with any such request:

 

(a)       CSSE
shall prepare and file with the SEC a Registration Statement as set forth above. If the Registration Statement filed as set forth
above is not automatically effective upon filing, CSSE shall use commercially reasonable efforts to cause the effectiveness of
such Registration Statement as promptly as possible following such filing date.

 

(b)       Prior
to filing a Registration Statement or prospectus or any amendment or supplement thereto, CSSE shall, if requested, furnish to Investor
(if registering its Registrable Securities) and each underwriter, if any, of the Registrable Securities covered by such Registration
Statement copies of such Registration Statement, prospectus or supplements or amendments thereto as proposed to be filed, and thereafter
CSSE shall furnish to Investor and underwriters, if any, such number of copies of such Registration Statement, each amendment and
supplement thereto (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 any summary prospectus) and any other prospectus
filed under Rule 424 or Rule 430A under the Securities Act and such other documents as Investor or underwriters may reasonably
request in order to facilitate the disposition of the Registrable Securities. CSSE shall give Investor, the underwriters in a Public
Offering and their respective counsel and accountants, the opportunity to participate in the preparation of any Registration Statement
or prospectus, or any amendment or supplement thereto. Investor shall have the right to reasonably request that CSSE modify any
information contained in a Registration Statement, amendment and supplement thereto pertaining to Investor and CSSE shall comply
with such request; provided, however, that CSSE shall not have any obligation so to modify any information if doing so would
cause the Registration Statement or prospectus to contain an untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they
were made, not misleading.

 

     

     

    

 

(c)       After
the filing of the Registration Statement, CSSE shall (i) cause the related prospectus to be supplemented by any required prospectus
supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) comply with the provisions
of the Securities Act with respect to the disposition of all Registrable Securities covered by such Registration Statement during
the applicable period in accordance with the intended methods of disposition by Investor thereof set forth in such Registration
Statement or supplement to such prospectus and (iii) promptly notify Investor of any stop order issued or threatened by the SEC
or any state securities commission and take all reasonable actions required to prevent the entry of such stop order or to remove
it if entered.

 

(d)       CSSE
shall (i) register or qualify the Registrable Securities covered by such Registration Statement under such other securities or
“blue sky” laws of such jurisdictions in the United States as Investor reasonably (in light of Investor’s intended
plan of distribution) requests and (ii) cause such Registrable Securities to be registered with or approved by such other Governmental
Authorities as may be necessary by virtue of the business and operations of CSSE and do any and all other acts and things that
may be reasonably necessary or advisable to enable Investor to consummate the disposition of the Registrable Securities owned by
Investor; provided that CSSE shall not be required to (A) qualify generally to do business in any jurisdiction where it
would not otherwise be required to qualify but for this Section 2.05(d), (B) subject itself to taxation in any such jurisdiction
or (C) consent to general service of process in any such jurisdiction.

 

(e)       CSSE
shall immediately notify Investor, at any time when a prospectus relating to the Registration Statement covering the Registrable
Securities is required to be delivered under the Securities Act, of any request by the SEC for any amendment or supplement to such
Registration Statement or prospectus or for additional information or of the occurrence of an event requiring the preparation of
a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities,
such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading,
and promptly prepare and make available to Investor and file with the SEC any such supplement or amendment.

 

     

     

    

 

(f)       Investor
agrees that, upon receipt of any notice from CSSE of the happening of any event of the kind described in Section 2.05(e).
Investor shall forthwith discontinue disposition of Registrable Securities pursuant to the Registration Statement covering such
Registrable Securities until Investor receives copies of the supplemented or amended prospectus contemplated by Section 2.05(e),
and, if so directed by CSSE, Investor shall deliver to CSSE all copies, other than any permanent file copies then in Investor’s
possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. In addition,
Investor acknowledges that it and its Representatives are aware that the federal and state securities laws may prohibit any person
who has material, non-public information about a company from purchasing or selling securities of such company or from communicating
such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase
or sell such securities.

 

(g)       CSSE
shall use commercially reasonable efforts to list all Registrable Securities covered by such Registration Statement on every securities
exchange or quotation system on which any of the Registrable Securities are then listed or traded.

 

Section 2.06 Indemnification by CSSE.
CSSE agrees to indemnify and hold harmless Investor, its Affiliates, officers, directors, employees, partners and agents, and each
Person, if any, who controls Investor within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act
from and against any and all losses, claims, damages, liabilities and expenses (including reasonable expenses of investigation
and reasonable attorneys’ fees and expenses) (“Damages”) caused by or relating to any untrue statement
or alleged untrue statement of a material fact contained in any Registration Statement or prospectus relating to the Registrable
Securities (as amended or supplemented if CSSE shall have furnished any amendments or supplements thereto) or any preliminary prospectus,
or caused by or relating to any omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, except insofar
as such Damages are caused by or related to any such untrue statement or omission or alleged untrue statement or omission so made
based upon information furnished in writing to CSSE by Investor or on Investor’s behalf expressly for use therein. CSSE also
agrees to indemnify any underwriters of the Registrable Securities, their officers and directors and each Person who controls such
underwriters within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act on substantially the same
basis as that of the indemnification of Investor provided in this Section 2.06.

 

Section 2.07 Indemnification by Investor.
Investor and any Affiliate of Investor which has executed a joinder agreement hereunder pursuant to Section 2.11 agree to
indemnify and hold harmless CSSE, its officers, directors and agents and each Person, if any, who controls CSSE within the meaning
of either Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the foregoing indemnity from
CSSE to Investor, but only with respect to information furnished in writing by Investor and/or its Affiliate, or on its or their
behalf, expressly for use in any Registration Statement or prospectus relating to the Registrable Securities, or any amendment
or supplement thereto, or any preliminary prospectus. Neither Investor nor such Affiliate shall be liable under this Section
2.07 for any Damages in excess of the net proceeds realized by Investor or such Affiliate in the sale of Registrable Securities
to which such Damages relate.

 

     

     

    

 

Section 2.08 Conduct of Indemnification
Proceedings. If any proceeding (including any investigation by any Governmental Authority) shall be instituted involving any
Person in respect of which indemnity may be sought pursuant to Section 2.06 or Section 2.07. such Person (an “Indemnified
Party”) shall notify the Person against whom such indemnity may be sought (the “Indemnifying Party”)
in writing promptly after the Indemnified Party is made aware of the proceedings and the indemnification procedures set forth in
Section 7.6 of the Share Purchase Agreement shall apply mutatis mutandis in connection with any such proceeding.

 

Section 2.09 Contribution.

 

(a)       If
the indemnification provided for in Section 2.06 or Section 2.07 is unavailable to the Indemnified Parties in respect
of any Damages, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid
or payable by such Indemnified Party as a result of such Damages:

 

(i)       as
between CSSE and Investor (including any Affiliate of Investor which has executed a joinder agreement hereunder pursuant to Section
2.11). on the one hand, and the underwriters, on the other, in such proportion as is appropriate to reflect the relative benefits
received by CSSE and Investor, on the one hand, and the underwriters, on the other, from the offering of the Registrable Securities,
or if such allocation is not permitted by applicable Law, in such proportion as is appropriate to reflect not only the relative
benefits but also the relative fault of CSSE and Investor, on the one hand, and of such underwriters, on the other, in connection
with the statements or omissions that resulted in such Damages, as well as any other relevant equitable considerations; and

 

(ii)       as
between CSSE, on the one hand, and Investor (including any Affiliate of Investor which has executed a joinder agreement hereunder
pursuant to Section 2.11), on the other, in such proportion as is appropriate to reflect the relative fault of CSSE, on
the one hand, and of Investor, on the other hand, in connection with such statements or omissions, as well as any other relevant
equitable considerations.

 

(b) The relative benefits received by CSSE
and Investor, on the one hand, and such underwriters, on the other, shall be deemed to be in the same proportion as the total proceeds
from the offering (net of underwriting discounts and commissions but before deducting expenses) received by CSSE and Investor bear
to the total underwriting discounts and commissions received by such underwriters, in each case as set forth in the table on the
cover page of the prospectus. The relative fault of CSSE and Investor, on the one hand, and of such underwriters on the other shall
be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission
or alleged omission to state a material fact relates to information supplied by CSSE and Investor or by such underwriters. The
relative fault of CSSE, on the one hand, and of Investor, on the other, shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission.

 

     

     

    

 

(c)       CSSE
and Investor agree that it would not be just and equitable if contribution pursuant to this Section 2.09 were determined
by pro rata allocation (even if the underwriters were treated as one entity for such purpose) or by any other method of allocation
that does not take account of the equitable considerations referred to in Section 2.09(a). The amount paid or payable by
an Indemnified Party as a result of the Damages referred to in Section 2.09(a) shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating
or defending any such action or claim. Notwithstanding the provisions of this Section 2.09, no underwriter shall be required
to contribute any amount in excess of the amount by which the total price at which the Registrable Securities underwritten by it
and distributed to the public were offered to the public exceeds the amount of any Damages that such underwriter has otherwise
been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, and Investor shall be
not required to contribute any amount in excess of the amount by which the total price at which the Registrable Securities of Investor
were offered to the public (less underwriters’ discounts and commissions) exceeds the amount of any Damages Investor has
otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
from any Person who was not guilty of such fraudulent misrepresentation.

 

(d)       In
the event of a Registration Statement that covers Company Securities held by multiple Persons, CSSE agrees to modify Investor’s
indemnity and contribution obligations hereunder as appropriate to reflect several but not joint liability.

 

Section 2.10 Cooperation by CSSE. If
Investor shall sell any Company Securities pursuant to Rule 144, CSSE shall provide to Investor such information as Investor shall
reasonably request to effect such transfer pursuant to Rule 144 and shall otherwise reasonably cooperate, and cause its transfer
agent to reasonably cooperate, with Investor in any such transfer pursuant to Rule 144.

 

Section 2.11 Transfer of Registrable Securities
and Registration Rights. For the avoidance of doubt, and other than as set forth in the Share Purchase Agreement, there shall
be no restrictions on the transfer by Investor of all or any portion of its Registrable Securities to the extent permitted under
the Securities Act and other applicable federal or state securities or blue-sky laws. If Investor transfers any Registrable Securities
to any Affiliate, any such Affiliate shall have the rights and obligations of Investor hereunder upon delivery of written notice
of such transfer to CSSE and execution of a joinder agreement in the form attached as Exhibit B, and all references to “Investor”
in this ARTICLE II shall be deemed to refer to such Affiliate. For the avoidance of doubt, references to “Investor”
in ARTICLE III hereof shall refer to Investor only, and not to any Affiliate of Investor.

 

     

     

    

 

Section 2.12 Reports Under Exchange Act.
With a view to making available to Investor the benefits of Rule 144 and any other rule or regulation of the SEC that may at any
time permit Investor to sell securities of CSSE to the public without registration or pursuant to a Registration Statement, CSSE
shall:

 

(a)       make
and keep available adequate current public information, as those terms are understood and defined in Rule 144;

 

(b)       use
commercially reasonable efforts to file with the SEC in a timely manner all reports and other documents required of CSSE under
the Securities Act and the Exchange Act; and

 

(c)       furnish
to Investor, so long as Investor owns any Registrable Securities, forthwith upon request (i) to the extent accurate, a written
statement by CSSE that it has complied with the reporting requirements of Rule 144, the Securities Act, and the Exchange Act, or
that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 and (ii) such other information as may be
reasonably requested in availing Investor of any rule or regulation of the SEC that permits the selling of any such securities
without registration.

 

ARTICLE 3.

[RESERVED]

 

ARTICLE 4.

MISCELLANEOUS

 

Section 4.01 Notices. All notices,
requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have
been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally
recognized overnight courier (receipt requested); (c) on the date sent by e- mail of a PDF document (with confirmation of transmission)
if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the
recipient; provided, no email notice shall be deemed to have been given hereunder unless the sender has also hand delivered, delivered
by courier or mailed a physical copy of the contents of such email in accordance with clauses (a), (b) and/or (d) of this Section
4.01; or (d) on the third (3rd) day after the date mailed, by certified or registered mail, return receipt requested, postage
prepaid. Such communications must be sent to the respective parties at the following addresses (or at such other address for a
party as shall be specified in a notice given in accordance with this Section 4.01):

 

     

     

    

 

		(a)	if to CSSE to:

 

Chicken Soup for the Soul Entertainment,
Inc.

132 E. Putnam Avenue, Floor 2

Cos Cob, Connecticut 06807

Attention: Mr. William J. Rouhana,
Jr.

Email: wrouhana@chickensoupforthesoul.com

 

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

 

Graubard Miller

The Chrysler Building

405 Lexington Avenue, 11 Floor

New York, New York 10174

Attention: David Alan Miller, Esq.,
and Brian L. Ross, Esq.

Email: dmiller@graubard.com bross@graubard.com

 

		(b)	if to Investor to at the address below.

 

Section 4.02 Entire Agreement. This
Agreement (including the Exhibits hereto) and the Share Purchase Agreement contain the entire agreement among the parties with
respect to the subject matter hereof, and supersede all prior agreements and understandings, oral or written, with respect to such
matters.

 

Section 4.03 Amendment; Waivers. Any
provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the
case of an amendment, by CSSE and Investor, or in the case of a waiver, by the party against whom such waiver is intended to be
effective. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof
nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right,
power or privilege.

 

Section 4.04 No Assignment or Benefit to
Third Parties. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs,
successors, legal representatives and permitted assigns. Neither party hereto may assign or transfer any of its rights or obligations
under this Agreement without the consent in writing of the other party hereto; provided that Investor may transfer some
or all of its rights hereunder in accordance with Section 2.11. Nothing in this Agreement, expressed or implied, is intended to
confer on any Person other than the parties hereto, and their respective heirs, successors, legal representatives and permitted
assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement.

 

Section 4.05 Governing Law. This Agreement
shall be governed by, and construed in accordance with, the internal laws of the State of Delaware, without regard to the laws
of any other jurisdiction that might be applied because of the conflicts of laws principles of such state.

 

Section 4.06 Arbitration. The arbitration
procedures set forth in Section 9.8 of the Share Purchase Agreement shall apply mutatis mutandis in connection with any
dispute between the parties arising out of or relating to this Agreement.

 

     

     

    

 

Section 4.07 Counterparts; Effectiveness.
This Agreement may be executed in several counterparts (any of which counterparts may be delivered by facsimile, portable document
format (pdf) or any electronic signature complying with the U.S. federal ESIGN Act of 2000 (including DocuSign)), each of which
shall be deemed an original and all of which shall together constitute one and the same instrument. This Agreement shall become
effective when each party shall have received a counterpart hereof signed by the other party. Until and unless each party has received
a counterpart hereof signed by the other parties, this Agreement shall have no effect and no party shall have any right or obligation
hereunder (whether by virtue of any other oral or written agreement or other communication). Minor variations in the form of the
signature page, including footers, will be disregarded in determining a party’s intent or the effectiveness of such signature.

 

Section 4.08 Severability. The provisions
of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision hereof shall not affect the
validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any
Person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in
order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and
(b) the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected
by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of
such provision, or the application thereof, in any other jurisdiction.

 

Section 4.09 Time of Essence. Time
is of the essence for each and every provision of this Agreement.

 

Section 4.10 Specific Performance.
The parties agree that irreparable harm would occur and that the parties would not have an adequate remedy at law if any of the
provisions of this Agreement were not performed in accordance with their specific terms on a timely basis or were otherwise breached.
It is accordingly agreed that, without posting a bond or other undertaking, the parties shall be entitled to injunctive or other
equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in
any court of competent jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity.
In the event that any such action is brought in equity to enforce the provisions of this Agreement, no party hereto will allege,
and each party hereto hereby waives the defense or counterclaim, that there is an adequate remedy at law. The parties further agree
that (a) by seeking any remedy provided for in this Section 4.10. a party hereto shall not in any respect waive its right
to seek any other form of relief that may be available to such party hereto under this Agreement and (b) nothing contained in this
Section 4.10 shall require any party hereto to institute any action for (or limit such party’s right to institute
any action for) specific performance under this Section 4.10 before exercising any other right under this Agreement.

 

[Remainder of Page
Intentionally Left Blank]

 

     

     

    

 

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.

 

	 	CHICKEN SOUP FOR THE SOUL
	 	ENTERTAINMENT, INC.
	 	 
	 	By:  	 
	 	 	Name: William J. Rouhana, Jr.
	 	 	Title: Chief Executive Officer
	 	 	 
	 	INVESTOR
	 	 	 
	 	[ENTITY]
	 	 	 
	 	By: 	 
	 	Name:
	 	Title:
	 	Address:Exhibit 4.1

  

 

 

Registration rights agreement

 

by and among

 

ProSight Global, Inc.

 

ProSight Parallel Investment
LLC

 

ProSight Investment LLC

 

ProSight TPG, L.P.

 

TPG PS 1, L.P.

 

TPG PS 2, L.P.

 

TPG PS 3, L.P.

 

TPG PS 4, L.P.

 

And the Other Stockholders
of ProSight Global, Inc. Signatories Hereto

 

 

 

    	 	 	 

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	Article I
	 
	DEFINITIONS
	 	 	 
	Section 1.01.	Defined Terms	1
	 	 	 
	Section 1.02.	Other Interpretive Provisions	6
	 	 	 
	Article II
	 
	REGISTRATION RIGHTS
	 	 	 
	Section 2.01.	Demand Registration	6
	 	 	 
	Section 2.02.	Shelf Registration	9
	 	 	 
	Section 2.03.	Piggyback Registration	11
	 	 	 
	Section 2.04.	Lock-Up Periods	13
	 	 	 
	Section 2.05.	Registration Procedures	14
	 	 	 
	Section 2.06.	Underwritten Offerings	20
	 	 	 
	Section 2.07.	No Inconsistent Agreements; Additional Rights; Stockholders’ Agreement; Transfer Restrictions	21
	 	 	 
	Section 2.08.	Registration Expenses	21
	 	 	 
	Section 2.09.	Indemnification	22
	 	 	 
	Section 2.10.	Rules 144 and 144A and Regulation S	25
	 	 	 
	Section 2.11.	Trading Windows	25
	 	 	 
	Article III
	 
	MISCELLANEOUS
	 	 	 
	Section 3.01.	Term	25
	 	 	 
	Section 3.02.	Existing Registration Statements	25
	 	 	 
	Section 3.03.	Other Activities	26
	 	 	 
	Section 3.04.	Injunctive Relief	26
	 	 	 
	Section 3.05.	Notices	26
	 	 	 
	Section 3.06.	Deemed Underwriter	28
	 	 	 
	Section 3.07.	Amendment	28
	 	 	 
	Section 3.08.	Transfer of Registration Rights	28

 

    	 	i	 

     

    

  

	Section 3.09.	Binding Effect	28
	 	 	 
	Section 3.10.	Third Parties	28
	 	 	 
	Section 3.11.	Governing Law; Jurisdiction; Waiver of Jury Trial	29
	 	 	 
	Section 3.12.	Severability	29
	 	 	 
	Section 3.13.	Counterparts	29
	 	 	 
	Section 3.14.	Headings	29

 

	Schedule A 	Key Individuals Transfer Restrictions

 

    	 	ii	 

     

    

 

REGISTRATION RIGHTS AGREEMENT

 

REGISTRATION RIGHTS AGREEMENT (the “Agreement”),
dated as of July 29, 2019, by and among ProSight Global, Inc., a Delaware corporation (the “Issuer”), ProSight
Parallel Investment LLC, a Delaware limited liability company (“ProSight Parallel Investment”), ProSight Investment
LLC, a Delaware limited liability company (“ProSight Investment” and, together with ProSight Parallel Investment,
the “GS Investors”), ProSight TPG, L.P., a Delaware limited partnership (“ProSight TPG”),
TPG PS 1, L.P., a Cayman limited partnership, (“TPG PS 1”), TPG PS 2, L.P., a Cayman limited partnership (“TPG
PS 2”), TPG PS 3, L.P., a Cayman limited partnership (“TPG PS 3”) and TPG PS 4, L.P., a Cayman limited
partnership (“TPG PS 4” and, together with ProSight TPG, TPG PS 1, TPG PS 2 and TPG PS 4, the “TPG
Investors”) and the other signatories hereto (the “Key Individuals”).

 

WITNESSETH:

 

WHEREAS, the Investors and the Key Individuals
are parties to that certain Registration Rights Agreement, dated as of November 22, 2011 with ProSight Global Holdings Limited
(“PGHL”); and

 

WHEREAS, on July 25, 2019, PGHL merged with
and into the Issuer, with the Issuer surviving the merger (the “Merger”), and the Investors and Key Individuals
received shares of the Issuer’s common stock, par value $0.01 per share (the “Common Stock”) as merger
consideration;

 

WHEREAS, the Issuer, the Investors and certain
Key Individuals intend to sell shares Common Stock in an initial public offering (the “IPO”);

 

WHEREAS, following the completion of the IPO,
the Investors will own a majority of the outstanding shares of Common Stock and the Key Individuals will own shares of Common Stock;
and

 

WHEREAS, in connection with the Merger and
the IPO, the Issuer has agreed to provide the Investors and the Key Individuals certain registration rights as set forth herein.

 

NOW, THEREFORE, in consideration of the foregoing
and the mutual promises, covenants and agreements of the parties hereto, and for other good and valuable consideration the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

Article I

 

DEFINITIONS

 

Section
1.01.         Defined Terms. As used in this Agreement, the following
terms shall have the following meanings:

 

“Adverse Disclosure” means
public disclosure of material non-public information that, in the Board’s good faith judgment, after consultation with independent
outside counsel to the Issuer, (i) would be required to be made in any Registration Statement or report filed with the SEC
by the Issuer so that such Registration Statement or report would not be materially misleading; (ii) would not be required
to be made at such time but for the filing of such Registration Statement; and (iii) the Issuer has a bona fide business
purpose for not disclosing publicly.

 

    	 	 	 

     

    

  

“Affiliate” has the meaning
specified in Rule 12b-2 under the Exchange Act; provided, that no Holder shall be deemed an Affiliate of the Issuer
or any of its subsidiaries for purposes of this Agreement.

 

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

 

“Automatic Shelf Registration Statement”
has the meaning set forth in Section 2.02.

 

“Block Trade” means an
offering and/or sale of Registrable Securities off of an effective Shelf Registration Statement by one or more of the Investors
on a block trade or underwritten basis (whether firm commitment or otherwise) without substantial marketing efforts prior to pricing,
including a same day trade, overnight trade or similar transaction.

 

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

 

“Business Day” means any
day other than a Saturday, Sunday or a day on which commercial banks located in New York, New York or Fort Worth, Texas are required
or authorized by law to be closed.

 

“Common Stock” has the
meaning set forth in the recitals.

 

“Coordination Committee”
has the meaning set forth in the Stockholders’ Agreement.

 

“Demand Notice” has the
meaning set forth in Section 2.01(e).

 

“Demand Period” has the
meaning set forth in Section 2.01(d).

 

“Demand Registration” has
the meaning set forth in Section 2.01(a)(i).

 

“Demand Registration Statement”
has the meaning set forth in Section 2.01(a)(ii).

 

“Demand Suspension” has
the meaning set forth in Section 2.01(f).

 

“Demanding Investor” has
the meaning set forth in Section 2.01(a)(i).

 

“Exchange Act” means the
Securities Exchange Act of 1934, as amended, and any successor thereto, and any rules and regulations promulgated thereunder, all
as the same shall be in effect from time to time.

 

“FINRA” means the Financial
Industry Regulatory Authority.

 

    	 	2	 

     

    

 

“GS Investors” has the
meaning set forth in the Preamble.

 

“Holder” means any holder
of Registrable Securities who is a party hereto or who succeeds to rights hereunder pursuant to Section 3.08.

 

“Investors” means the GS
Investors and the TPG Investors.

 

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

 

“Issuer Free Writing Prospectus”
means an issuer free writing prospectus, as defined in Rule 433 under the Securities Act, relating to an offer of the Registrable
Securities.

 

“Issuer Public Sale” has
the meaning set forth in Section 2.03(a).

 

“Key Individual” has the
meaning set forth in the Preamble.

 

“Key Individual Permitted Transferee”
means, with respect to any Key Individual, (i) any parent, grandparent, sibling or child (including any adopted sibling or child)
of such Key Individual, or any spouse or former spouse of such Key Individual, (ii) any trust established solely for the benefit
of (x) such Key Individual and/or (y) any of the Persons set forth in the foregoing clause (i) or (iii) any corporation, limited
liability company, partnership, foundation or other Person (A) with respect to which all of the outstanding share capital or other
equity interests are beneficially owned solely by (x) such Key Individual and/or (y) any of the Persons set forth in the foregoing
clause (i) and (B) with respect to which such Key Individual (unless such Key Individual has died or become disabled) is the majority
shareholder (if a corporation), the sole or managing member (if a limited liability company), the sole general partner (if a limited
partnership) or otherwise has the sole power to direct or cause the direction of the management and policies, directly or indirectly,
of such Person, whether through the ownership of voting securities, by contract or otherwise (if any other type of Person).

 

“Key Individual Restricted Securities”
has the meaning set forth in Section 2.07(c).

 

“Lock-Up Securities” has
the meaning set forth in Section 2.04(a).

 

“Long-Form Registration Statement”
has the meaning set forth in Section 2.01(a)(i).

 

“Loss” or “Losses”
has the meaning set forth in Section 2.09(a).

 

“Material Adverse Change”
means (i) any general suspension of trading in, or limitation on prices for, securities on any national securities exchange
or in the over-the-counter market in the United States; (ii) the declaration of a banking moratorium or any suspension of
payments in respect of banks in the United States; (iii) a material outbreak or escalation of armed hostilities or other international
or national calamity involving the United States or the declaration by the United States of a national emergency or war or a change
in national or international financial, political or economic conditions; and (iv) any event, change, circumstance or effect
that is or is reasonably likely to be materially adverse to the business, properties, assets, liabilities, condition (financial
or otherwise), operations, results of operations or prospects of the Issuer and its subsidiaries taken as a whole.

 

    	 	3	 

     

    

 

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

 

“Participating Holder”
means, with respect to any Registration, any Holder of Registrable Securities covered by the applicable Registration Statement.

 

“Permitted Transferees”
has the meaning set forth in Section 3.08.

 

“Person” means an individual,
corporation, association, limited liability company, partnership, estate, trust, joint venture, unincorporated organization or
a government or any agency or political subdivision thereof.

 

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

 

“Piggyback Registration”
has the meaning set forth in Section 2.03(a).

 

“ProSight Investment” has
the meaning set forth in the Preamble.

 

“ProSight Parallel Investment”
has the meaning set forth in the Preamble.

 

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

 

“Registrable Securities”
means any shares of Common Stock held by any Holder and any securities held by any Holder that may be issued or distributed or
be issuable in respect of any such shares of Common Stock by way of conversion, dividend, stock split or other distribution, merger,
consolidation, exchange, recapitalization or reclassification or similar transaction; provided, that any such Registrable
Securities shall cease to be Registrable Securities to the extent (i) a Registration Statement with respect to the sale of
such Registrable Securities has become effective under the Securities Act and such Registrable Securities have been disposed of
pursuant to such Registration Statement, (ii) such Registrable Securities have been sold pursuant to Rule 144 under the
Securities Act (or any similar or analogous rule promulgated under the Securities Act); (iii) such Registrable Securities
shall have been otherwise transferred and are represented by certificates or book-entries not bearing a legend restricting transfer
under the Securities Act and such securities may be publicly resold without Registration under the Securities Act; or (iv) with
respect to Registrable Securities held by an Investor, such Holder and its Affiliates are able to dispose of all of their Registrable
Securities without volume or manner of sale restrictions pursuant to Rule 144 (or any similar or analogous rule promulgated
under the Securities Act).

 

“Registration” means a
registration with the SEC of the Issuer’s securities for offer and sale to the public under a Registration Statement. The
terms “Register” and “Registered” shall have a correlative meaning.

 

    	 	4	 

     

    

 

“Registration Expenses”
has the meaning set forth in Section 2.08.

 

“Registration Statement”
means any registration statement of the Issuer filed with, or to be filed with, the SEC under the rules and regulations promulgated
under the Securities Act, including the related Prospectus, amendments and supplements to such registration statement, including
pre- and post-effective amendments, and all exhibits and all material incorporated by reference in such registration statement.

 

“Representatives” means,
with respect to any Person, any of such Person’s officers, directors, employees, agents, attorneys, accountants, actuaries,
consultants, equity financing partners or financial advisors or other Person associated with, or acting on behalf of, such Person.

 

“SEC” means the Securities
and Exchange Commission.

 

“Securities Act” means
the Securities Act of 1933, as amended, and any successor thereto, and any rules and regulations promulgated thereunder, all as
the same shall be in effect from time to time.

 

“Shares” means shares of
the Issuer’s common stock, par value $0.01.

 

“Shelf Notice” has the
meaning set forth in Section 2.02(c).

 

“Shelf Period” has the
meaning set forth in Section 2.02(b).

 

“Shelf Registration” means
a Registration effected pursuant to Section 2.02.

 

“Shelf Registration Statement”
means a Registration Statement of the Issuer filed with the SEC on Form S-3 (or any successor form or other appropriate form
under the Securities Act) (including an Automatic Shelf Registration Statement for a “well-known seasoned issuer” as
defined in Rule 405 under the Securities Act) for an offering to be made on a continuous basis pursuant to Rule 415 under
the Securities Act (or any similar rule that may be adopted by the SEC) covering the Registrable Securities, as applicable.

 

“Shelf Suspension” has
the meaning set forth in Section 2.02(d).

 

“Short-Form Registration Statement”
has the meaning set forth in Section 2.01(a)(i).

 

“Stockholders’ Agreement”
means the Stockholders’ Agreement, dated as of July 29, 2019, among the Issuer and the Investors, as the same may be
amended from time to time in accordance with the terms thereof.

 

“TPG Investor” has the
meaning set forth in the Preamble.

 

“Underwritten Offering”
means a discrete registered offering of securities of the Issuer conducted by one or more underwriters pursuant to the terms of
an underwriting agreement, including, for the avoidance of doubt, any Block Trade undertaken on an underwritten basis.

 

    	 	5	 

     

    

 

“WKSI” has the meaning
set forth in Section 2.02(a).

 

Section
1.02.         Other Interpretive Provisions. i) The meanings of defined
terms are equally applicable to the singular and plural forms thereof.

 

(a)          The
words “hereof”, “herein”, “hereunder” and similar words refer to this
Agreement as a whole and not to any particular provision of this Agreement; and any subsection, Section, Exhibit, Schedule and
Annex references are to this Agreement unless otherwise specified.

 

(b)          The
term “including” is not limiting and means “including without limitation.”

 

(c)          The
captions and headings of this Agreement are for convenience of reference only and shall not affect the interpretation of this Agreement.

 

(d)          Whenever
the context requires, any pronouns used herein shall include the corresponding masculine, feminine or neuter forms.

 

Article II

 

REGISTRATION
RIGHTS

 

Section
2.01.         Demand Registration.

 

(a)          Demand
by the Investors.

 

(i)           If,
at any time there is no currently effective Shelf Registration Statement on file with the SEC then, except as provided in Section 2.02(a),
(x) an Investor or Investors holding, directly or indirectly, together with their respective Affiliates in the aggregate,
not less than five percent (5%) of the Registrable Securities then outstanding may make a written request to the Issuer for Registration
of all or part of the Registrable Securities held by such Investor on Form S-1 or any similar long-form Registration Statement
(a “Long Form Registration Statement”), or (y) any Investor may make a written request to the Issuer for
Registration of all or part of the Registrable Securities held by such Investor on Form S-3 or any similar short-form Registration
Statement (a “Short-Form Registration Statement”) if the Issuer is then qualified to use such short form. Any
such requested Registration shall hereinafter be referred to as a “Demand Registration,” and any Investor requesting
such Demand Registration shall hereinafter be referred to as a “Demanding Investor.” Each request for a Demand
Registration shall specify the kind and aggregate amount of Registrable Securities to be Registered and the intended methods of
disposition thereof.

 

    	 	6	 

     

    

  

(ii)         Within
(i) seventy-five (75) days in the case of a request for a Long-Form Registration or (ii) thirty (30) days in the case
of a request for a Short-Form Registration, the Issuer shall file a Registration Statement relating to such Demand Registration
(a “Demand Registration Statement”), and shall use its reasonable best efforts to cause such Demand Registration
Statement to become effective under the Securities Act.

 

(b)          Limitation
on Demand Registrations. The aggregate number of Demand Registrations using a Long-Form Registration Statement that may be
requested by the Investors shall not exceed four (4). Each of the TPG Investors and the GS Investors shall have at least one (1)
of the four (4) Demand Registrations. The Investors may request an unlimited number of Demand Registrations using a Short-Form
Registration Statement.

 

(c)          Demand
Withdrawal. A Demand Investor and any other Holder that has requested its Registrable Securities be included in a Demand Registration
pursuant to Section 2.01(e) may withdraw all or any portion of its Registrable Securities included in a Demand Registration
from a Demand Registration at any time prior to the effectiveness of the applicable Demand Registration Statement. Upon receipt
of a notice to such effect from the Demanding Investor with respect to all of the Registrable Securities included by such Investor
in such Demand Registration, the Issuer shall cease all efforts to secure effectiveness of the applicable Demand Registration Statement
and such Registration nonetheless shall be deemed a Demand Registration with respect to the Demanding Investor for purposes of
Section 2.01(b) unless (i) withdrawn at any time prior to effectiveness, and in such case, only if the withdrawing Demanding
Investor shall have paid or reimbursed the Issuer for its pro rata share of all reasonable and documented out-of-pocket
fees and expenses incurred by the Issuer in connection with the Registration of such Demanding Investor’s withdrawn Registrable
Securities (based on the number of securities the Demanding Investor sought to Register, as compared to the total number of securities
included on such Demand Registration Statement) or (ii) the withdrawal is made following the occurrence of a Material Adverse
Change or because the Registration would require the Issuer to make an Adverse Disclosure.

 

(d)          Effective
Registration. The Issuer shall be deemed to have effected a Demand Registration if the Demand Registration Statement has become
effective and remains effective for not less than one hundred eighty (180) days (or such shorter period as shall terminate when
all Registrable Securities covered by such Demand Registration Statement have been sold or withdrawn), or if such Registration
Statement relates to an Underwritten Offering, such longer period as, in the opinion of counsel for the underwriter or underwriters,
a Prospectus is required by law, to be delivered in connection with sales of Registrable Securities by an underwriter or dealer
(the applicable period, the “Demand Period”). No Demand Registration shall be deemed to have been effected if
(i) during the Demand Period such Registration is interfered with by any stop order, injunction or other order or requirement
of the SEC or other governmental agency or court or (ii) the conditions to closing specified in the underwriting agreement,
if any, entered into in connection with such Registration are not satisfied other than by reason of a wrongful act, misrepresentation
or breach of such applicable underwriting agreement by the Demanding Investor.

 

    	 	7	 

     

    

 

(e)          Demand
Notice. Promptly upon receipt of any request for a Demand Registration pursuant to Section 2.01(a)(i) (but in no event
more than five (5) Business Days thereafter), the Issuer shall deliver a written notice (a “Demand Notice”)
of any such Registration request to all other Holders, and subject to Sections 2.01(f) and 2.01(h) and the transfer restrictions
set forth in Part 2 of Schedule A, the Issuer shall include in such Demand Registration all such Registrable Securities
with respect to which the Issuer has received written requests for inclusion therein within ten (10) Business Days after the date
that the Demand Notice has been delivered. All requests made pursuant to this Section 2.01(e) shall specify the aggregate
amount of Registrable Securities of the requesting Holder to be Registered and the intended method of distribution of such securities.

 

(f)           Delay
in Filing; Suspension of Registration. If the Issuer determines in good faith that the filing, initial effectiveness or continued
use of a Demand Registration Statement at any time would require the Issuer to make an Adverse Disclosure, the Issuer may, upon
giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, the
Demand Registration Statement (a “Demand Suspension”); provided, that the Issuer shall not be permitted
to exercise a Demand Suspension or Shelf Suspension (as defined in Section 2.02(d)) (i) more than once during any twelve
(12)-month period, or (ii) for a period exceeding thirty (30) days on any one occasion. In the case of a Demand Suspension,
the Holders agree to suspend use of the applicable Prospectus and any Issuer Free Writing Prospectuses in connection with any sale
or purchase, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above. The Issuer shall
immediately notify the Holders upon the termination of any Demand Suspension, amend or supplement the Prospectus or any Issuer
Free Writing Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such
numbers of copies of the Prospectus as so amended or supplemented or any Issuer Free Writing Prospectus as the Holders may reasonably
request. The Issuer shall, if necessary, supplement or make amendments to the Demand Registration Statement, if required by the
registration form used by the Issuer for the Demand Registration or by the instructions applicable to such registration form or
by the Securities Act or the rules or regulations promulgated thereunder or as may reasonably be requested by the Demanding Investor.

 

(g)          Underwritten
Offering. If the expected aggregate gross proceeds of an offering of Registrable Securities are at least $25 million, the Demanding
Investor may request that such offering be in the form of an Underwritten Offering, and such Demanding Investor shall have the
right to select the managing underwriter or underwriters to administer the offering; provided, that such managing underwriter
or underwriters shall be reasonably acceptable to the Issuer and the other Investor. Notwithstanding the foregoing, in no
event shall the Issuer be required to effect more than one (1) Underwritten Offering (regardless of whether such Underwritten Offering
is requested pursuant to this Section 2.01(g), pursuant to Section 2.02(e) or pursuant to Section 2.02(f)) in any ninety (90)-day
period.

 

(h)          Priority
of Securities Registered Pursuant to Demand Registrations. If the managing underwriter or underwriters of a proposed Underwritten
Offering of the Registrable Securities included in a Demand Registration (or, in the case of a Demand Registration not being underwritten,
the Demanding Investors), advise the Board in writing that, in its or their opinion, the number of securities requested to be included
in such Demand Registration exceeds the number which can be sold in such offering without being likely to have a significant adverse
effect on the price, timing or distribution of the securities offered or the market for the securities offered, the securities
to be included in such Demand Registration shall be allocated, (i) first, if applicable, pro rata between the Investors
based on the relative number of Registrable Securities then held by each Investor, (ii) second, among the other Holders that have
requested to participate in such Demand Registration based on the relative number of Registrable Securities then held by each such
Holder; provided, that any securities thereby allocated to a Holder that exceed such Holder’s request shall be reallocated
among the remaining requesting Holders in like manner, and (iii) next, and only if all of the securities referred to in clauses (i)
and (ii) have been included, the number of securities that the Issuer proposes to include in such Registration that, in the opinion
of the managing underwriter or underwriters (or the Investors, as the case may be) can be sold without having such adverse effect.

 

    	 	8	 

     

    

  

(i)           Distribution
of Registrable Securities to Partners or Members. In the event any Holder requests to participate in a Registration pursuant
to this Section 2.01 in connection with a distribution of Registrable Securities to its partners or members, the Registration
shall provide for resale by such partners or members, if requested by the Holder.

 

Section
2.02.         Shelf Registration.

 

(a)          Filing.
As promptly as practicable following either (A) the date on which the Issuer first becomes eligible to use a Short Form Registration
Statement as a Shelf Registration Statement upon a request by an Investor or Investors holding, directly or indirectly, together
with their respective Affiliates in the aggregate, not less than five percent (5%) of the Registrable Securities then outstanding,
or (B) the date upon which the Issuer becomes a well-known seasoned issuer (as defined in Rule 405 under the Securities
Act) (a “WKSI”), the Issuer shall file with the SEC a Shelf Registration Statement, which, for the avoidance
of doubt, in the case of clause (B) would be an automatic shelf registration statement (as defined in Rule 405 under the Securities
Act) (an “Automatic Shelf Registration Statement”) for a WKSI, relating to the offer and sale of all Registrable
Securities by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth
in the Shelf Registration Statement and, as promptly as practicable thereafter, shall use its reasonable best effort to cause such
Shelf Registration Statement to become effective under the Securities Act; provided that prior to filing an Automatic Shelf
Registration Statement, the Issuer shall consult with the Holders regarding the timing of such filing.

 

(b)          Continued
Effectiveness. The Issuer shall use its reasonable best efforts to keep such Shelf Registration Statement continuously effective
under the Securities Act in order to permit the Prospectus forming a part thereof to be usable by Holders until the earlier of
(i) the date as of which all Registrable Securities have been sold pursuant to the Shelf Registration Statement or another
Registration Statement filed under the Securities Act (but in no event prior to the applicable period referred to in Section 4(3)
of the Securities Act and Rule 174 thereunder) and (ii) the date as of which each of the Holders no longer holds its
Registrable Securities (such period of effectiveness, the “Shelf Period”). Subject to Section 2.02(d),
the Issuer shall not be deemed to have used its reasonable best efforts to keep the Shelf Registration Statement effective during
the Shelf Period if the Issuer voluntarily takes any action or omits to take any action that would result in Holders of Registrable
Securities covered thereby not being able to offer and sell any Registrable Securities pursuant to such Shelf Registration Statement
during the Shelf Period, unless such action or omission is required by applicable law. The Issuer shall use its reasonable best
efforts to remain a WKSI (and not become an ineligible issuer (as defined in Rule 405 under the Securities Act)) during the
period during which an Automatic Shelf Registration Statement is required to remain effective. If the Issuer does not pay the filing
fee covering the Registrable Securities at the time the Automatic Shelf Registration Statement is filed, the Issuer agrees to pay
such fee at such time or times as the Registrable Securities are to be sold. If the Automatic Shelf Registration Statement has
been outstanding for at least three (3) years, at the end of the third year the Issuer shall refile an Automatic Shelf Registration
Statement covering the Registrable Securities; provided that prior to filing an Automatic Shelf Registration Statement,
the Issuer shall consult with the Holders regarding the timing of such filing. If at any time when the Issuer is required to re-evaluate
its WKSI status the Issuer determines that it is not a WKSI, the Issuer shall use its reasonable best efforts to refile the Shelf
Registration Statement as a Short Form Registration Statement or, if the Issuer is not eligible to use a Short Form Registration
Statement, as a Long Form Registration Statement, and keep such Registration Statement effective during the Shelf Period.

 

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(c)          Shelf
Notice. Promptly upon receipt of any request to file a Shelf Registration Statement pursuant to clause (A) of Section 2.02(a)
(but in no event more than two (2) Business Days thereafter), the Issuer shall deliver a written notice (a “Shelf
Notice”) of any such request to all other Holders specifying the amount of Registrable Securities to be Registered.

 

(d)          Suspension
of Registration. If the Issuer determines in good faith that the continued use of such Shelf Registration Statement at any
time would require the Issuer to make an Adverse Disclosure, the Issuer may, upon giving at least ten (10) days’ prior written
notice of such action to the Holders (or, in the case of a Block Trade, upon receipt of notice of such Block Trade pursuant to
Section 2.02(f)), suspend use of the Shelf Registration Statement (a “Shelf Suspension”); provided, that
the Issuer shall not be permitted to exercise a Shelf Suspension or Demand Suspension (i) more than once during any twelve
(12)-month period, or (ii) for a period exceeding thirty (30) days on any one occasion. In the case of a Shelf Suspension,
the Holders agree to suspend use of the applicable Prospectus and any Issuer Free Writing Prospectuses in connection with any sale
or purchase of, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above. The Issuer
shall immediately notify the Holders upon the termination of any Shelf Suspension, amend or supplement the Prospectus or any Issuer
Free Writing Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such
numbers of copies of the Prospectus as so amended or supplemented or any Issuer Free Writing Prospectus as the Holders may reasonably
request. The Issuer shall, if necessary, supplement or make amendment to the Shelf Registration Statement, if required by the registration
form used by the Issuer for the Shelf Registration or by the instruction applicable to such registration form or by the Securities
Act or the rules or regulations promulgated thereunder or as may reasonably be requested by the Investors.

 

(e)          Underwritten
Offering. If the expected aggregate gross proceeds of an offering of Registrable Securities are at least $25 million, and the
Investor or Investors holding, directly or indirectly, together with their respective Affiliates in the aggregate, not less than
five percent (5%) of the Registrable Securities then outstanding so elect, such offering shall be in the form of an Underwritten
Offering, the Issuer shall amend or supplement the Shelf Registration Statement for such purpose and such Investor or Investors
shall have the right to select the managing underwriter or underwriters to administer such offering; provided, that such
managing underwriter or underwriters shall be reasonably acceptable to the Issuer and the other Investors (if applicable). Notwithstanding
the foregoing, in no event shall the Issuer be required to effect more than one (1) Underwritten Offering (regardless of whether
such Underwritten Offering is requested pursuant to this Section 2.02(e), pursuant to Section 2.02(f) or pursuant to Section 2.01(g))
in any ninety (90)-day period. The provisions of Section 2.01(h) shall apply to any Underwritten Offering pursuant to this
Section 2.02(e).

 

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(f)           Block
Trades. If an Investor wishes to engage in a Block Trade, such Investor shall notify the Issuer of the Block Trade, including
the day on which such Block Trade is to commence no later than 10:00 a.m. New York City time on the day such Block Trade is to
commence. The Investor shall notify the other Investor that did not initiate the Block Trade of the expected Block Trade in accordance
with the procedures adopted by the Coordination Committee. The other Investor must elect whether or not to participate in such
Block Trade on the day such offering is to commence, and the Issuer shall as expeditiously as possible use its reasonable best
efforts (including co-operating with the Investors with respect to the provision of necessary information) to facilitate such Block
Trade (which may close as early as two (2) Business Days after the date it commences), provided, that the Investor requesting such
Block Trade shall use its reasonable best efforts to work with the Issuer and the underwriters prior to making such request in
order to facilitate preparation of the Prospectus and other offering documentation related to the Block Trade. For the avoidance
of doubt, only Investors shall have a right to notice and to participate in any Block Trade and, subject to clause c in
Part 2 of Schedule A of this Agreement, the Key Individuals shall not be entitled to receive notice of, or to elect
to participate in, a Block Trade.

 

Section
2.03.         Piggyback Registration.

 

(a)          Participation.
If the Issuer at any time proposes to file a Registration Statement under the Securities Act with respect to any offering of its
equity securities for its own account or for the account of any other Persons (other than (i) a Registration under Section 2.01
or Section 2.02, (ii) a Registration on Form S-4 or S-8 or any successor form to such Forms or (iii) a Registration
of securities solely relating to an offering and sale to employees or directors of the Issuer pursuant to any employee stock plan
or other employee benefit plan arrangement) (an “Issuer Public Sale”), then, as soon as practicable (but in
no event less than five (5) Business Days prior to the proposed date of public filing of such Registration Statement, provided
that the Issuer shall not be required to deliver such notice prior to a confidential submission or non-public filing of any registration
statement with the SEC), the Issuer shall give written notice of such proposed filing to the Holders, and such notice shall offer
the Holders the opportunity to Register under such Registration Statement such number of Registrable Securities as each such Holder
may request in writing (a “Piggyback Registration”). Subject to Section 2.03(b), the Issuer shall include
in such Registration Statement all such Registrable Securities that are requested to be included therein within five (5) Business
Days after the receipt by such Holders of any such notice; provided, that if at any time after giving written notice of
its intention to Register any securities and prior to the effective date of the Registration Statement filed in connection with
such Registration, the Issuer shall determine for any reason not to Register or to delay Registration of such securities, the Issuer
shall give written notice of such determination to each Holder and, thereupon, (i) in the case of a determination not to Register,
shall be relieved of its obligation to Register any Registrable Securities in connection with such Registration (but not from its
obligation to pay the Registration Expenses in connection therewith), without prejudice, however, to the rights of the Investors
to request that such Registration be effected as a Demand Registration under Section 2.01, and (ii) in the case of a
determination to delay Registering, in the absence of a request for a Demand Registration, shall be permitted to delay Registering
any Registrable Securities, for the same period as the delay in Registering such other securities. If the offering pursuant to
such Registration Statement is to be underwritten, then each Holder making a request for a Piggyback Registration pursuant to this
Section 2.03(a) and the Issuer shall make such arrangements with the managing underwriter or underwriters so that each such
Holder may participate in such Underwritten Offering. If the offering pursuant to such Registration Statement is to be on any other
basis, then each Holder making a request for a Piggyback Registration pursuant to this Section 2.03(a) and the Issuer shall
make such arrangements so that each such Holder may, participate in such offering on such basis.

 

    	 	11	 

     

    

  

(b)          Priority
of Piggyback Registration. If the managing underwriter or underwriters of any proposed Underwritten Offering of Registrable
Securities included in a Piggyback Registration informs the Issuer and the Holders of Registrable Securities in writing that, in
its or their opinion, the number of securities which such Holders and any other Persons intend to include in such offering exceeds
the number which can be sold in such offering without being likely to have a significant adverse effect on the price, timing or
distribution of the securities offered or the market for the securities offered, then the securities to be included in such Registration
shall be (i) first, 100% of the securities proposed to be sold in such Registration by the Issuer or (subject to Section 2.07(a))
any Person (other than a Holder) exercising a contractual right to demand Registration, as the case may be, and (ii) second,
and only if all the securities referred to in clause (i) have been included, the number of Registrable Securities that, in
the opinion of such managing underwriter or underwriters, can be sold without having such adverse effect, with such number to be
allocated pro rata among the Holders that have requested to participate in such Registration based on the relative number
of Registrable Securities then held by each such Holder; provided, that any securities thereby allocated to a Holder that
exceed such Holder’s request shall be reallocated among the remaining requesting Holders in like manner and (iii) third,
and only if all of the Registrable Securities referred to in clause (ii) have been included in such Registration, any other
securities eligible for inclusion in such Registration.

 

(c)          Withdrawal.
Any Holder shall have the right to withdraw all or part of its request for inclusion of its Registrable Securities in a Piggyback
Registration by giving written notice to the Issuer of its request to withdraw; provided, that (i) such request must
be made in writing prior to the effectiveness of such Registration Statement and (ii) such withdrawal shall be irrevocable
and, after making such withdrawal, a Holder shall no longer have any right to include Registrable Securities in the Piggyback Registration
as to which such withdrawal was made.

 

(d)          No
Effect on Demand Registrations. No Registration of Registrable Securities effected pursuant to a request under this Section 2.03
shall be deemed to have been effected pursuant to Section 2.01 or Section 2.02 or shall relieve the Issuer of its obligations
under Section 2.01 or Section 2.02.

 

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Section
2.04.         Lock-Up Periods.

 

(a)          Lock-Up
Periods for Holders. In the event of an Issuer Public Sale of the Issuer’s equity securities in an Underwritten Offering,
the Holders agree, if requested by the managing underwriter or underwriters in such Underwritten Offering, not to effect any public
sale or distribution of any Registrable Securities (except, in each case, as part of the applicable Registration, if permitted)
that are the same as or similar to those being Registered in connection with such Issuer Public Sale, or any securities convertible
into or exchangeable or exercisable for Registrable Securities (collectively, “Lock-Up Securities”), during
the period beginning seven (7) days before and ending ninety (90) days (or such lesser period as may be permitted for all Holders
by the Issuer or such managing underwriter or underwriters) after the effective date of the Registration Statement filed in connection
with such Registration to the extent timely notified in writing by the Issuer or the managing underwriter or underwriters; provided,
that such restrictions shall not apply to (i) securities acquired in the public market subsequent to the IPO, (ii) distributions
to a Holder’s partners, shareholders, stockholders, other equityholders, members, participants or beneficiaries, (iii) transfers
as a bona fide gift or gifts, (iv) distributions to any trust or other legal entity in which the Holder such Holder’s
spouse serves as a trustee or investment advisor, (v) transfers to Affiliates, (vi) transfers not involving a disposition for value
to any trust or other legal entity for the direct or indirect benefit of the Holder or the Holder’s immediate family, (vii)
transfers by will or intestacy, (viii) the exercise of options or other rights to acquire Lock-Up Securities or settlement of other
equity-based awards granted under a stock incentive plan or a stock purchase plan of the Issuer, (ix) transfers to the Issuer for
the purpose of satisfying tax withholding obligations upon the vesting or settlement of equity-based awards granted under a stock
incentive plan or stock purchase plan of the Issuer, (x) the establishment of a trading plan pursuant to Rule 10b5-1 under the
Exchange Act for the transfer of Lock-Up Securities, provided that such plan does not provide for a transfer of Lock-Up
Securities during the lock-up period, (xi) transfers of Lock-Up Securities in connection with the direct or indirect acquisition
of 100% of the Common Stock by a single person or “group” (within the meaning of Section 13(d)(3) of the Exchange Act),
but in the case of clauses (ii) through (vi) only if the donee, transferee or distribuee agree to be bound by the restrictions
herein.

 

(b)          Lock-Up
Period for the Issuer and Others. In the case of a Registration of Registrable Securities pursuant to Section 2.01 or
Section 2.02 in an Underwritten Offering, the Issuer agrees, if requested by the Investors or the managing underwriter or
underwriters with respect to such Registration, not to effect any public sale or distribution of any Lock-Up Securities, during
the period beginning seven (7) days before and ending ninety (90) days (or such lesser period as may be permitted for the Issuer
by the Investors or such managing underwriter or underwriters) after the effective date of the Registration Statement filed in
connection with such Registration (or, in the case of an offering under a Shelf Registration Statement, the date of the applicable
prospectus supplement in connection therewith), to the extent timely notified in writing by the Investors or the managing underwriter
or underwriters. Notwithstanding the foregoing, the Issuer may effect a public sale or distribution of securities of the type described
above and during the periods described above if such sale or distribution is made pursuant to Registrations on Form S-4 or
S-8 or any successor form to such Forms or as part of any Registration of securities for offering and sale to employees or directors
of the Issuer pursuant to any employee stock plan, employee stock purchase plan or other employee benefit plan arrangement. The
Issuer agrees to use its reasonable best efforts to obtain from each holder of Lock-Up Securities, an agreement not to effect any
public sale or distribution of such securities during any such period referred to in this paragraph, except as part of any such
Registration, if permitted. Without limiting the foregoing (but subject to Section 2.07(a)), if after the date hereof the
Issuer grants any Person (other than a Holder) any rights to demand or participate in a Registration, the Issuer agrees that the
agreement with respect thereto shall include such Person’s agreement to comply with any black-out period required by this
Section as if it were a Holder hereunder.

 

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Section
2.05.         Registration Procedures.

 

(a)          In
connection with the Issuer’s Registration obligations under Section 2.01, Section 2.02 and Section 2.03, the
Issuer shall use its reasonable best efforts to effect such Registration to permit the sale of such Registrable Securities in accordance
with the intended method or methods of distribution thereof as expeditiously as reasonably practicable, and in connection therewith
the Issuer shall:

 

(i)           prepare
the required Registration Statement including all exhibits and financial statements required under the Securities Act to be filed
therewith, and before filing a Registration Statement, Prospectus or any Issuer Free Writing Prospectus, or any amendments or supplements
thereto, (x) furnish to the underwriters, if any, and to Participating Holders, copies of all documents prepared to be filed,
which documents shall be subject to the review of such underwriters and such Holders and their respective counsel and (y) except
in the case of a Registration under Section 2.03, not file any Registration Statement, Prospectus or any Issuer Free Writing
Prospectus or amendments or supplements thereto to which the Investors or the underwriters, if any, shall reasonably object;

 

(ii)          as
soon as reasonably practicable (but in no event later than the time period required under Section 2.01(a)(ii) or 2.02(a), as applicable)
file with the SEC a Registration Statement relating to the Registrable Securities, including all exhibits and financial statements
required by the SEC to be filed therewith, and use its reasonable best efforts to cause such Registration Statement to become effective
under the Securities Act as soon as practicable;

 

(iii)         prepare
and file with the SEC such pre- and post-effective amendments to such Registration Statement, supplements or amendments to the
Prospectus or any Issuer Free Writing Prospectus as may be (x) reasonably requested by a participating Investor, (y) reasonably
requested by any other Participating Holder (to the extent such request relates to information relating to such Holder), or (z) necessary
to keep such Registration effective for the period of time required by this Agreement, and comply with provisions of the applicable
securities laws with respect to the sale or other disposition of all securities covered by such Registration Statement during such
period in accordance with the intended method or methods of disposition by the sellers thereof set forth in such Registration Statement;

 

    	 	14	 

     

    

  

(iv)         notify
the Participating Holders and the managing underwriter or underwriters, if any, and (if requested) confirm such advice in writing
and provide copies of the relevant documents, as soon as reasonably practicable after notice thereof is received by the Issuer
(a) when the applicable Registration Statement or any amendment thereto has been filed or becomes effective, and when the
applicable Prospectus, any amendment or supplement to such Prospectus (except for any amendment as a result of the filing of a
periodic report, current report or any other document required to be filed by the Issuer under the Exchange Act and which is incorporated
by reference into such Registration Statement), any Issuer Free Writing Prospectus or any amendment or supplement to such Issuer
Free Writing Prospectus has been filed, (b) of any written comments by the SEC or any request by the SEC or any other federal
or state governmental authority for amendments or supplements to such Registration Statement, such Prospectus, such Issuer Free
Writing Prospectus or for additional information, (c) of the issuance by the SEC of any stop order suspending the effectiveness
of such Registration Statement or any order by the SEC or any other regulatory authority preventing or suspending the use of any
preliminary or final Prospectus or the initiation or threatening of any proceedings for such purposes, (d) if, at any time,
the representations and warranties of the Issuer in any applicable underwriting agreement cease to be true and correct in all material
respects, and (e) of the receipt by the Issuer of any notification with respect to the suspension of the qualification of
the Registrable Securities for offering or sale in any jurisdiction or the initiation or threatening of any proceeding for such
purpose;

 

(v)          promptly
notify the Participating Holders and the managing underwriter or underwriters, if any, when the Issuer becomes aware of the happening
of any event as a result of which the applicable Registration Statement, Prospectus (as then in effect) or any Issuer Free Writing
Prospectus contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements
therein (in the case of such Prospectus, any preliminary Prospectus or Issuer Free Writing Prospectus, in light of the circumstances
under which they were made) not misleading, when any Issuer Free Writing Prospectus includes information that may conflict with
the information contained in the Registration Statement or, if for any other reason it shall be necessary during such time period
to amend or supplement such Registration Statement, Prospectus or Issuer Free Writing Prospectus in order to comply with the Securities
Act and, in either case as promptly as reasonably practicable thereafter, prepare and file with the SEC, and furnish without charge
to the Participating Holders and the managing underwriter or underwriters, if any, an amendment or supplement to such Registration
Statement, Prospectus or Issuer Free Writing Prospectus which shall correct such misstatement or omission or effect such compliance;

 

(vi)         use
its reasonable best efforts to prevent, or obtain the withdrawal of, any stop order or other order or notice preventing or suspending
the use of any preliminary or final Prospectus or any Issuer Free Writing Prospectus;

 

(vii)        promptly
incorporate in a Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment such information as the managing
underwriter or underwriters and the Investors agree should be included therein relating to the plan of distribution with respect
to such Registrable Securities; and make all required filings of such Prospectus supplement, Issuer Free Writing Prospectus or
post-effective amendment as soon as reasonably practicable after being notified of the matters to be incorporated in such Prospectus
supplement, Issuer Free Writing Prospectus or post-effective amendment;

 

    	 	15	 

     

    

  

(viii)       furnish
to each Participating Holder and each underwriter, if any, without charge, as many conformed copies as such Holder or underwriter
may reasonably request of the applicable Registration Statement and any amendment or post-effective amendment thereto, including
financial statements and schedules, all documents incorporated therein by reference and all exhibits (including those incorporated
by reference), except that the Issuer shall not be required to provide documents that are available through the SEC’s Electronic
Data Gathering Analysis and Retrieval System;

 

(ix)          deliver
to each Participating Holder and each underwriter, if any, without charge, as many copies of the applicable Prospectus (including
each preliminary Prospectus) and any amendment or supplement thereto, each Issuer Free Writing Prospectus and such other documents
as such Holder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities by such
Holder or underwriter, it being understood that the Issuer consents, subject to the other provisions of this Agreement, to the
use of such Prospectus or any Issuer Free Writing Prospectus or any amendment or supplement thereto by such Holder and the underwriters,
if any, in connection with the offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement
thereto or Issuer Free Writing Prospectus;

 

(x)           on
or prior to the date on which the applicable Registration Statement becomes effective, use its reasonable best efforts to Register
or qualify, and cooperate with the Participating Holders, the managing underwriter or underwriters, if any, and their respective
counsel, in connection with the Registration or qualification of such Registrable Securities for offer and sale under the securities
or “Blue Sky” laws of each state and other jurisdiction of the United States as any Participating Holder or managing
underwriter or underwriters, if any, or their respective counsel reasonably request in writing and do any and all other acts or
things reasonably necessary or advisable to keep such Registration or qualification in effect for such period as required by Section 2.01(d)
or Section 2.02(b), whichever is applicable; provided, that the Issuer shall not be required to qualify generally to
do business in any jurisdiction where it is not then so qualified or to take any action which would subject it to taxation or general
service of process in any such jurisdiction where it is not then so subject;

 

(xi)          cooperate
with the Participating Holders and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery
of certificates representing Registrable Securities to be sold and not bearing any restrictive legends; and enable such Registrable
Securities to be in such denominations and registered in such names as the managing underwriters may request at least two business
days prior to any sale of Registrable Securities to the underwriters;

 

    	 	16	 

     

    

  

(xii)         use
its reasonable best efforts to cause the Registrable Securities covered by the applicable Registration Statement to be registered
with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof
or the underwriter or underwriters, if any, to consummate the disposition of such Registrable Securities;

 

(xiii)        make
such representations and warranties to the underwriters or agents, if any, in form, substance and scope as are customarily made
by issuers in secondary underwritten public offerings;

 

(xiv)       enter
into such customary agreements (including underwriting and indemnification agreements) and take all such other actions as the Investors
or the managing underwriter or underwriters, if any, reasonably request in order to expedite or facilitate the Registration and
disposition of such Registrable Securities;

 

(xv)        obtain
for delivery to the underwriter or underwriters, if any, with copies to the Participating Holders, an opinion or opinions from
counsel for the Issuer dated the effective date of the Registration Statement or, in the event of an Underwritten Offering, the
date of the closing under the underwriting agreement, in customary form, scope and substance, which opinions shall be reasonably
satisfactory to such underwriters, as the case may be, and their respective counsel;

 

(xvi)       in
the case of an Underwritten Offering, obtain for delivery to the Issuer and the managing underwriter or underwriters, with copies
to the Participating Holders, a cold comfort letter from the Issuer’s independent certified public accountants in customary
form and covering such matters of the type customarily covered by cold comfort letters as the managing underwriter or underwriters
reasonably request, dated the date of execution of the underwriting agreement and the date of closing under the underwriting agreement;

 

(xvii)      cooperate
with each Participating Holder and each underwriter, if any, participating in the disposition of such Registrable Securities and
their respective counsel in connection with any filings required to be made with FINRA;

 

(xviii)     use
its reasonable best efforts to comply with all applicable securities laws and make available to its security holders, as soon as
reasonably practicable, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and the rules
and regulations promulgated thereunder (including, at the option of the Issuer, Rule 158 under the Securities Act);

 

(xix)        provide
and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by the applicable Registration
Statement from and after a date not later than the effective date of such Registration Statement;

 

(xx)         use
its best efforts to cause all Registrable Securities covered by the applicable Registration Statement to be listed on the New York
Stock Exchange or any other securities exchange on which any of the Issuer’s securities are then listed;

 

    	 	17	 

     

    

  

(xxi)        make
available upon reasonable notice at reasonable times and for reasonable periods for inspection by the Participating Holders, by
any underwriter participating in any disposition to be effected pursuant to such Registration Statement and by any attorney, accountant
or other agent retained by the Investors or any such underwriter, all pertinent financial and other records, pertinent corporate
documents and properties of the Issuer, and cause all of the its officers, directors and employees and the independent public accountants
who have certified its financial statements to make themselves available to discuss the business of the Issuer and to supply all
information reasonably requested by any such Person in connection with such Registration Statement as shall be necessary to enable
them to exercise their due diligence responsibility; provided, that any such Person gaining access to information regarding
the Issuer pursuant to this Section 2.05(a)(xxi) shall agree to hold in strict confidence and shall not make any disclosure
or use any information regarding the Issuer that it determines in good faith to be confidential, and of which determination such
Person is notified, unless (w) the release of such information is requested or required (by deposition, interrogatory, requests
for information or documents by a governmental entity, subpoena or similar process), (x) such information i s or becomes publicly
known other than through a breach of this or any other agreement of which such Person has knowledge, (y) such information
is or becomes available to such Person on a non-confidential basis from a source other than the Issuer or (z) such information
is independently developed by such Person; and

 

(xxii)       in
the case of an Underwritten Offering, cause the senior executive officers of the Issuer to participate in the customary “road
show” presentations that may be reasonably requested by the managing underwriter or underwriters in any such Underwritten
Offering and otherwise to facilitate, cooperate with, and participate in each proposed offering contemplated herein and customary
selling efforts related thereto;

 

(xxiii)      take
no direct or indirect action prohibited by Regulation M under the Exchange Act;

 

(xxiv)     take
all reasonable action to ensure that any Issuer Free Writing Prospectus utilized in connection with any Registration covered by
Section 2.01, Section 2.02 or Section 2.03 complies in all material respects with the Securities Act, is filed in
accordance with the Securities Act to the extent required thereby, is retained in accordance with the Securities Act to the extent
required thereby and, when taken together with the related Prospectus, will not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were
made, not misleading; and

 

(xxv)      take
all such other commercially reasonable actions as are necessary or advisable in order to expedite or facilitate the disposition
of such Registrable Securities.

 

(b)          lf
the Issuer files any Shelf Registration Statement, the Issuer agrees that it shall include in such Shelf Registration Statement
such disclosures as may be required by Rule 430B under the Securities Act (referring to the unnamed selling security holders
in a generic manner by identifying the initial offering of the securities to the Holders) in order to ensure that the Holders may
be added to such Shelf Registration Statement at a later time through the filing of a prospectus supplement rather than a post-effective
amendment.

 

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(c)          The
Issuer may require each Participating Holder to furnish to the Issuer such information regarding the distribution of such securities
and such other information relating to such Holder and its ownership of Registrable Securities as the Issuer may from time to time
reasonably request in writing and the Issuer may exclude from such Registration the Registrable Securities of any Participating
Holder who unreasonably fails to furnish such information within a reasonable time after receiving such request. Each Participating
Holder agrees to furnish such information to the Issuer and to cooperate with the Issuer as reasonably necessary to enable the
Issuer to comply with the provisions of this Agreement.

 

(d)          Each
Participating Holder agrees that, upon receipt of any notice from the Issuer of the happening of any event of the kind described
in Section 2.05(a)(v), such Holder will forthwith discontinue disposition of Registrable Securities pursuant to such Registration
Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus or Issuer Free Writing Prospectus,
as the case may be, contemplated by Section 2.05(a)(v), or until such Holder is advised in writing by the Issuer that the
use of the Prospectus or Issuer Free Writing Prospectus, as the case may be, may be resumed, and has received copies of any additional
or supplemental filings that are incorporated by reference in the Prospectus or such Issuer Free Writing Prospectus or any amendments
or supplements thereto and if so directed by the Issuer, such Holder shall deliver to the Issuer (at the Issuer’s expense)
all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus or any Issuer Free Writing
Prospectus covering such Registrable Securities current at the time of receipt of such notice. In the event the Issuer shall give
any such notice, the period during which the applicable Registration Statement is required to be maintained effective shall be
extended by the number of days during the period from and including the date of the giving of such notice to and including the
date when each seller of Registrable Securities covered by such Registration Statement either receives the copies of the supplemented
or amended Prospectus or any Issuer Free Writing Prospectus contemplated by Section 2.05(a)(v) or is advised in writing by
the Issuer that the use of the Prospectus may be resumed.

 

(e)          If
any Registration Statement or comparable statement under the “Blue Sky” laws refers to any Holder by name or otherwise
as the Holder of any securities of the Issuer, then such Holder shall have the right to require (i) the insertion therein
of language, in form and substance satisfactory to such Holder and the Issuer, to the effect that the holding by such Holder of
such securities is not to be construed as a recommendation by such Holder of the investment quality of the Issuer’s securities
covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements
of the Issuer, or (ii) in the event that such reference to such Holder by name or otherwise is not in the judgment of the
Issuer, as advised by counsel, required by the Securities Act or any similar federal statute or any “Blue Sky” or securities
law then in force, the deletion of the reference to such Holder.

 

(f)           Holders
may seek to Register different types of Registrable Securities simultaneously, and the Issuer shall use its reasonable best efforts
to effect such Registration and sale in accordance with the intended method or methods of disposition specified by such Holders.

 

    	 	19	 

     

    

  

Section
2.06.         Underwritten Offerings.

 

(a)          Demand
and Shelf Registrations. If requested by the underwriters for any Underwritten Offering requested by the Investors pursuant
to a Registration under Section 2.01 or Section 2.02, the Issuer shall enter into an underwriting agreement with such
underwriters for such offering, such agreement to be reasonably satisfactory in substance and form to the Issuer, the participating
Investors and the underwriters, and to contain such representations and warranties by the Issuer and such other terms as are generally
prevailing in agreements of that type, including indemnities no less favorable to the recipient thereof than those provided in
Section 2.09. The Participating Holders shall cooperate with the Issuer in the negotiation of such underwriting agreement
and shall give consideration to the reasonable suggestions of the Issuer regarding the form thereof. Such Holders shall not be
required to make any representations or warranties to or agreements with the Issuer or the underwriters other than representations,
warranties or agreements regarding such Holders, such Holder’s title to, and power and authority to transfer, the Registrable
Securities, such Holder’s intended method of distribution, such matters pertaining to such Holder’s compliance with
securities laws as reasonably may be requested and any other representations required to be made by such Holder under applicable
law, and the aggregate amount of the liability of such Holder shall not exceed such Holder’s net proceeds from such Underwritten
Offering.

 

(b)          Piggyback
Registrations. If the Issuer proposes to Register any of its securities under the Securities Act as contemplated by Section 2.03
and such securities are to be distributed in an Underwritten Offering through one or more underwriters, the Issuer shall, if requested
by any Holder pursuant to Section 2.03 and subject to the provisions of Section 2.03(b), use its reasonable best efforts
to arrange for such underwriters to include on the same terms and conditions that apply to the other sellers in such Registration
all the Registrable Securities to be offered and sold by such Holder among the securities of the Issuer to be distributed by such
underwriters in such Registration. Any such Holder shall not be required to make any representations or warranties to, or agreements
with the Issuer or the underwriters other than representations, warranties or agreements regarding such Holder, such Holder’s
title to, and power and authority to transfer, the Registrable Securities, such Holder’s intended method of distribution,
such matters pertaining to such Holder’s compliance with securities laws as reasonably may be requested and any other representations
required to be made by such Holder under applicable law, and the aggregate amount of the liability of such Holder shall not exceed
such Holder’s net proceeds from such Underwritten Offering.

 

(c)          Participation
in Underwritten Registrations. Subject to provisions of Section 2.06(a) and Section 2.06(b) above, no Person may
participate in any Underwritten Offering hereunder unless such Person (i) agrees to sell such Person’s securities on
the basis provided in any underwriting arrangements approved by the Persons entitled to approve such arrangements and (ii) completes
and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the
terms of such underwriting arrangements.

 

    	 	20	 

     

    

  

(d)          Price
and Underwriting Discounts. In the case of an Underwritten Offering under Section 2.01 or Section 2.02, the price,
underwriting discount and other financial terms for the Registrable Securities shall be determined by the Demanding Investor(s)
(or, in the case of a Shelf Registration, the Investor(s) selling Registrable Securities under the Shelf Registration Statement).
In addition, in the case of any Underwritten Offering under Section 2.01, Section 2.02 or Section 2.03, each of
the Holders may, subject to any limitations on withdrawal contained in Section 2.01, Section 2.02 or Section 2.03,
withdraw all or part of their request to participate in such Registration after being advised of such price, discount and other
terms and shall not be required to enter into any agreements or documentation that would require otherwise.

 

Section
2.07.         No Inconsistent Agreements; Additional Rights; Stockholders’
Agreement; Transfer Restrictions.

 

(a)          No
Inconsistent Agreements; Additional Rights. The Issuer shall not hereafter enter into, and is not currently a party to, any
agreement with respect to its securities that is inconsistent with the rights granted to the Holders under this Agreement. Without
the prior written consent of the Investors, none of the Issuer or any of its subsidiaries shall enter into any agreement granting
registration or similar rights to any Person that are equivalent to or more favorable than the registration rights granted to the
Investors hereunder.

 

(b)          Stockholders’
Agreement. For the avoidance of doubt, and notwithstanding anything herein to the contrary, all rights granted to an Investor
under this Agreement are subject to the terms and conditions set forth in the Stockholders’ Agreement, including any obligation
set forth therein, or contemplated thereby, relating to the Coordination Committee.

 

(c)          Key
Individuals Transfer Restrictions. By entering into this Agreement, each Key Individual named in Part 1 of Schedule
A hereto consents to the transfer restrictions set forth in Part 2 of Schedule A with respect to (i) all shares
of Common Stock received by such Key Individual in the Merger, the number of which is set forth opposite such Key Individual’s
name in Part 1 of Schedule A and (ii) any securities held by such Key Individual that may be issued or distributed
or be issuable in respect of any such shares of Common Stock by way of conversion, dividend, stock split or other distribution,
merger, consolidation, exchange, recapitalization or reclassification or similar transaction (collectively, the “Key Individual
Restricted Securities”).

 

Section
2.08.         Registration Expenses. Except as expressly provided herein,
all expenses incident to the Issuer’s performance of or compliance with this Agreement shall be paid by the Issuer, including
(i) all registration and filing fees, and any other fees and expenses associated with filings required to be made with the
SEC or FINRA, (ii) all fees and expenses in connection with compliance with any securities or “Blue Sky” laws,
(iii) all printing, duplicating, word processing, messenger, telephone, facsimile and delivery expenses (including expenses
of printing certificates for the Registrable Securities, if any, in a form eligible for deposit with The Depository Trust Company
and of printing prospectuses and Issuer Free Writing Prospectuses), (iv) all fees and disbursements of counsel for the Issuer
and of all independent certified public accountants of the Issuer (including the expenses of any special audit and cold comfort
letters required by or incident to such performance), (v) all fees and expenses incurred in connection with the listing of
the Registrable Securities on any securities exchange or quotation of the Registrable Securities on any inter-dealer quotation
system, (vi) all applicable rating agency fees with respect to the Registrable Securities, (vii) all reasonable and documented
fees and disbursements of one legal counsel selected by each Investor participating in the sale, (viii) any reasonable fees
and disbursements of underwriters customarily paid by issuers of securities, (ix) all fees and expenses of any special experts
or other Persons retained by the Issuer in connection with any Registration, (x) all of the Issuer’s internal expenses
(including all salaries and expenses of its officers and employees performing legal or accounting duties) and (xi) all expenses
of the Issuer related to the “road-show” for any Underwritten Offering, including all travel, meals and lodging. All
such expenses are referred to herein as “Registration Expenses.” The Issuer shall not be required to pay underwriting
discounts and commissions and transfer taxes, if any, attributable to the sale of Registrable Securities.

 

    	 	21	 

     

    

  

Section
2.09.         Indemnification.

 

(a)          Indemnification
by the Issuer. The Issuer agrees to indemnify and hold harmless, to the full extent permitted by law, each Holder, each member,
limited or general partner thereof, each member, limited or general partner of each such member, limited or general partner, each
of their respective Affiliates, officers, directors, shareholders, employees, advisors, and agents and each Person who controls
(within the meaning of the Securities Act or the Exchange Act) such Persons and each of their respective Representatives from and
against any and all losses, penalties, judgments, suits, costs, claims. damages, liabilities and expenses joint or several (including
reasonable costs of investigation and legal expenses) (each, a “Loss” and collectively “Losses”)
insofar as such Losses arise out of or based upon (i) any untrue or alleged untrue statement of a material fact contained
in any Registration Statement under which such Registrable Securities were Registered under the Securities Act (including any final,
preliminary or summary Prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated
by reference therein) or any other disclosure document produced by or on behalf of the Issuer or any of its subsidiaries including
reports and other documents filed under the Exchange Act or any Issuer Free Writing Prospectus or amendment thereof or supplement
thereto, (ii) any omission or alleged omission to state therein a material fact required to be stated therein or necessary
to make the statements therein (in the case of a Prospectus, preliminary Prospectus, or any Issuer Free Writing Prospectus in light
of the circumstances under which they were made) not misleading or (iii) any violation by the Issuer of any rule or regulation
promulgated under the Securities Act or any state securities laws applicable to the Issuer and relating to action or inaction required
of the Issuer in connection with any Registration pursuant to this Agreement; provided, that the Issuer shall not be liable
to any particular indemnified party (A) to the extent that any such Loss arises out of or is based upon an untrue statement
or alleged untrue statement or omission or alleged omission made in any such Registration Statement or other document in reliance
upon and in conformity with written information furnished to the Issuer by such indemnified party expressly for use in the preparation
thereof (which, in the case of the Investors, shall mean the written information furnished to the Issuer by such Investor expressly
for use therein; it being understood and agreed that, unless otherwise agreed in writing with respect to a Registration, the only
such information furnished by any Investor consists of the Investor’s legal name, address, and any other information relating
to the Investor set forth under the caption “Principal and Selling Stockholders” (or similarly titled sections) in
the applicable Registration Statement or Prospectus) or (B) to the extent that any such Loss arises out of or is based upon
an untrue statement or omission in a preliminary Prospectus relating to Registrable Securities, if a Prospectus (as then amended
or supplemented) that would have cured the defect was furnished to the indemnified party from whom the Person asserting the claim
giving rise to such Loss purchased Registrable Securities prior to the written confirmation of the sale of the Registrable Securities
to such Person and a copy of such Prospectus (as amended and supplemented) was not sent or given by or on behalf of such indemnified
party to such Person at or prior to the written confirmation of the sale of the Registrable Securities to such Person. Such indemnity
shall remain in full force and effect regardless of any investigation made by or on behalf of such Holder or any indemnified party
and shall survive the transfer of such securities by such Holder. The Issuer shall also indemnify underwriters, selling brokers,
dealer managers and similar securities industry professionals participating in the distribution, their officers and directors and
each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided
above with respect to the indemnification of the indemnified parties.

 

    	 	22	 

     

    

  

(b)          Indemnification
by the Participating Holders. Each Participating Holder agrees (severally and not jointly) to indemnify and hold harmless,
to the fullest extent permitted by law, the Issuer, its directors and officers, employees, agents and each Person who controls
the Issuer (within the meaning of the Securities Act or the Exchange Act) from and against any Losses insofar as such Losses arise
out of or based upon (i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement
under which such Registrable Securities were Registered under the Securities Act (including any final, preliminary or summary Prospectus
contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference therein or any other
disclosure document produced by or on behalf of the Issuer or any of its subsidiaries including reports and other documents filed
under the Exchange Act or any Issuer Free Writing Prospectus or amendment thereof or supplement thereto), or (ii) any omission
or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein
(in the case of a Prospectus, preliminary Prospectus, or any Issuer Free Writing Prospectus in light of the circumstances under
which they were made) not misleading, in each case, to the extent, but only to the extent, that such untrue statement or omission
is contained in any information furnished in writing by such Holder to the Issuer specifically for inclusion in such Registration
Statement and has not been corrected in a subsequent writing prior to or concurrently with the confirmation of the sale of the
Registrable Securities to the Person asserting the claim (which, in the case of the Investors, shall mean the written information
furnished to the Issuer by such Investor expressly for use therein; it being understood and agreed that, unless otherwise agreed
in writing with respect to a Registration, the only such information furnished by any Investor consists of the Investor’s
legal name, address, and any other information relating to the Investor set forth under the caption “Principal and Selling
Stockholders” (or similarly titled sections) in the applicable Registration Statement or Prospectus). In no event shall the
liability of such Holder hereunder be greater in amount than the dollar amount of the net proceeds received by such Holder under
the sale of Registrable Securities giving rise to such indemnification obligation less any amounts paid by such Holder pursuant
to Section 2.09(d). The Issuer shall be entitled to receive indemnities from underwriters, selling brokers, dealer managers
and similar securities industry professionals participating in the distribution, to the same extent as provided above (with appropriate
modification).

 

    	 	23	 

     

    

 

(c)          Conduct
of Indemnification Proceedings. Any Person entitled to indemnification hereunder shall (i) give prompt written notice
to the indemnifying party of any claim with respect to which it seeks indemnification; provided, that any delay or failure
to so notify the indemnifying party shall relieve the indemnifying party of its obligations hereunder only to the extent, if at
all, that it is actually and materially prejudiced by reason of such delay or failure and (ii) the indemnifying party shall
be entitled to participate therein and, to the extent that it shall wish, assume the defense thereof, with counsel reasonably satisfactory
to the indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party).
After notice from the indemnifying party to the indemnified party of its election so to assume the defense thereof, the indemnifying
party shall not be liable to the indemnified party under paragraphs (a) or (b) of this Section 2.09, as applicable, for
any legal expenses of other counsel or any other expenses, in each case subsequently incurred by the indemnified party, in connection
with the defense thereof other than reasonable costs of investigation. It is understood that the indemnifying party shall not,
in connection with any one action or proceeding or separate but substantially similar actions or proceedings arising out of the
same general allegations, be liable for the fees and expenses of more than one separate firm of attorneys at any time for all indemnified
parties except to the extent that local counsel or counsel with specialized expertise (in addition to any regular counsel) is required
to effectively defend against any such action or proceeding. No indemnifying party shall, without the written consent of the indemnified
party, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened
action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party
is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (i) includes an unconditional
release of the indemnified party from all liability arising out of such action or claim and (ii) does not include a statement as
to or an admission of fault, culpability or a failure to act, by or on behalf of any indemnified party.

 

(d)          Contribution.
If for any reason the indemnification provided for in paragraphs (a) and (b) of this Section 2.09 is unavailable to an
indemnified party (other than as a result of exceptions contained in paragraphs (a) and (b) of this Section 2.09) or
insufficient in respect of any Losses referred to therein, then the indemnifying party shall contribute to the amount paid or payable
by the indemnified party as a result of such Loss (i) in such proportion as is appropriate to reflect the relative fault of
the indemnifying party on the one hand and the indemnified party or parties on the other hand in connection with the acts, statements
or omissions that resulted in such losses, as well as any other relevant equitable considerations. In connection with any Registration
Statement filed with the SEC by the Issuer, the relative fault of the indemnifying party on the one hand and the indemnified party
on the other hand shall be determined by reference to, among other things, whether any untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying
party or by the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct
or prevent such statement or omission. The parties hereto agree that it would not be just or equitable if contribution pursuant
to this Section 2.09(d) were determined by pro rata allocation or by any other method of allocation that does not take
account of the equitable considerations referred to in this Section 2.09(d). No Person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation. The amount paid or payable by an indemnified party as a result of the Losses referred
to in Section 2.09(a) and Section 2.09(b) shall be deemed to include, subject to the limitations set forth above, any
legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action
or claim. Notwithstanding the provisions of this Section 2.09(d), in connection with any Registration Statement filed by the
Issuer, a Participating Holder shall not be required to contribute any amount in excess of the dollar amount of the net proceeds
received by such Holder under the sale of Registrable Securities giving rise to such contribution obligation less any amounts paid
by such Holder pursuant to Section 2.09(b). The remedies provided for in this Section 2.09 are not exclusive and shall
not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

 

    	 	24	 

     

    

 

 

Section
2.10.         Rules 144 and 144A and Regulation S. The Issuer
shall use its reasonable best efforts to file in a timely fashion the reports required to be filed by it under the Securities Act
and the Exchange Act and the rules and regulations adopted by the SEC thereunder, or, if the Issuer is not required to file such
reports, the Issuer shall make publicly available such necessary information for so long as necessary to permit sales pursuant
to Rules 144, 144A or Regulation S under the Securities Act, and it will take such further action as the Holders may
reasonably request, all to the extent required from time to time to enable the Holders, following the IPO, to sell Registrable
Securities without Registration under the Securities Act within the limitation of the exemptions provided by (i) Rules 144, 144A
or Regulation S under the Securities Act, as such Rules may be amended from time to time, or (ii) any similar rule or regulation
hereafter adopted by the SEC. Upon reasonable request of a Holder, the Issuer will deliver to such Holder a written statement as
to whether it has complied with such requirements and, if not, the specifics thereof in reasonable detail.

 

Section
2.11.         Trading Windows. The Issuer shall, at the request of any
Investor, confirm to the requesting Investor whether a trading window is “open” under the trading windows established
by the Issuer’s insider trading policy with respect to any possible Registration Statement.

 

Article III

 

MISCELLANEOUS

 

Section
3.01.         Term. This Agreement shall terminate upon the later of
the expiration of the Shelf Period and such time as there are no Registrable Securities, except for the provisions of Section 2.09
and all of this Article III, which shall survive any such termination.

 

Section
3.02.         Existing Registration Statements. Notwithstanding anything
herein to the contrary and subject to applicable law and regulation, the Issuer may satisfy any obligation hereunder to file a
Registration Statement or to have a Registration Statement become effective by a specified date by designating, by notice to the
Holders, a Registration Statement that previously has been filed with the SEC or become effective, as the case may be, as the relevant
Registration Statement for purposes of satisfying such obligation, and all references to any such obligation shall be construed
accordingly; provided, that such previously filed Registration Statement may be amended to add the number of Registrable
Securities, and, to the extent necessary, to identify as selling stockholders those Holders demanding the filing of a Registration
Statement pursuant to the terms of this Agreement. To the extent this Agreement refers to the filing or effectiveness of other
Registration Statements by or at a specified time and the Issuer has, in lieu of then filing such Registration Statements or having
such Registration Statements become effective, designated a previously filed or effective Registration Statement as the relevant
Registration Statement for such purposes in accordance with the preceding sentence, such references shall be construed to refer
to such designated Registration Statement.

 

    	 	25	 

     

    

  

Section
3.03.         Other Activities. Notwithstanding anything in this Agreement,
none of the provisions of this Agreement shall in any way limit a Holder or any of its Affiliates from engaging in any brokerage,
investment advisory, financial advisory, anti-raid advisory, principaling, merger advisory, financing, asset management, trading,
market making, arbitrage, investment activity and other similar activities conducted in the ordinary course of their business.

 

Section
3.04.         Injunctive Relief. It is hereby agreed and acknowledged
that it will be impossible to measure in money the damage that would be suffered if the parties fail to comply with any of the
obligations herein imposed on them and that in the event of any such failure, an aggrieved Person will be irreparably damaged and
will not have an adequate remedy at law. Any such Person shall, therefore, be entitled (in addition to any other remedy to which
it may be entitled in law or in equity) to injunctive relief, including specific performance, to enforce such obligations, and
if any action should be brought in equity to enforce any of the provisions of this Agreement, none of the parties hereto shall
raise the defense that there is an adequate remedy at law.

 

Section
3.05.         Notices. Unless otherwise specified herein, all notices,
consents, approvals, designations, requests, waivers, elections and other communications authorized or required to be given pursuant
to this Agreement shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt)
by personal hand-delivery, by facsimile transmission, by electronic mail, by mailing the same in a sealed envelope, registered
first-class mail, postage prepaid, return receipt requested, or by air courier guaranteeing overnight delivery, sent to the Person
at the address given for such Person below or such other address as such Person may specify by notice to the Issuer:

 

if to the Issuer, to:

 

ProSight Global, Inc.

412 Mt. Kemble Avenue

Morristown, NJ 07960

Attention: Frank D. Papalia, Chief Legal Officer

Facsimile: (973) 532-1890

Email: fpaplia@prosightspecialty.com

 

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

 

Sullivan & Cromwell LLP

125 Broad Street

New York, NY 10004

Attention: Robert G. DeLaMater, C. Andrew Gerlach

Facsimile: (212) 291-9037, (212) 291-9299

Email: DeLaMaterR@sullcrom.com, GerlachA@sullcrom.com

 

    	 	26	 

     

    

  

if to the GS Investors, to:

 

c/o Goldman, Sachs & Co.

200 West Street

New York, New York 10282-2198

Attention: Sumit Rajpal

Facsimile: 212-357-5505

Email: sumit.rajpal@gs.com

 

c/o Goldman, Sachs & Co.

200 West Street

New York, New York 10282-2198

Attention: Anthony Arnold

Facsimile: 212-357-5505

Email: anthony.arnold@gs.com

 

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

 

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY 10153

Attention: Alexander D. Lynch

Facsimile: (212) 310-8007

Email: alex.lynch@weil.com

 

if to the TPG Investors, to:

 

c/o TPG Capital, LLC

301 Commerce Street

Suite 3300

Fort Worth, TX 76102

Attention: Office of General Counsel

Email: officeofgeneralcounsel@tpg.com

 

with a copy to:

 

345 California Street

San Francisco, CA 94104

Attention: Adam Fliss

Email: afliss@tpg.com

 

    	 	27	 

     

    

 

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

 

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York, NY 10006

Attention: Jeffrey D. Karpf

Facsimile: 212-225-3999

Email: jkarpf@cgsh.com

 

If to any Key Individual or other Holder who becomes
party to this agreement after the date hereof, to the address on the counterpart signature page to this Agreement executed by such
Holder.

 

Section
3.06.         Deemed Underwriter. To the extent that a GS Investor is,
or would be expected to be, deemed to be an underwriter of Registrable Securities pursuant to any SEC comments or policies, the
Issuer agrees that (a) the indemnification and contribution provisions contained in Section 2.09 shall be applicable to the benefit
of such GS Investor, in its role as deemed underwriter in addition to their capacity as a Holder (so long as the amount for which
any other Holder is or becomes responsible does not exceed the amount for which such GS Investor would be responsible if the GS
Investor were not deemed to be an underwriter of Registrable Securities) and (ii) the Issuer will cooperate with such GS Investor
in allowing it to conduct customary “underwriter’s due diligence” with respect to the Issuer and satisfy its
obligations thereof, including receipt of customary opinions and comfort letters.

 

Section
3.07.         Amendment. Any provision of this Agreement may be amended
if, and only if, such amendment is in writing and signed by each of the Issuer and the Investors; provided, that (a) any
amendment that would have a disproportionate material adverse effect on a Holder relative to the other Holders shall require the
written consent of that Holder and (b) this Section 3.06 may not be amended without the prior written consent of the
Issuer and all of the Holders.

 

Section
3.08.         Transfer of Registration Rights. Each Investor may assign
all or a portion of its rights hereunder to (i) a Permitted Transferee (as such term is defined in the Stockholders’ Agreement)
or (ii) any transferee of Registrable Securities constituting not less than five percent (5%) of the outstanding shares of Common
Stock, effective upon the receipt by the Issuer of written notice from the transferring Investor stating the name and address of
the transferee and identifying the amount of Registrable Securities with respect to which rights under this Agreement are being
transferred.

 

Section
3.09.         Binding Effect. Except as otherwise provided in this Agreement,
the terms and provisions of this Agreement shall be binding on and inure to the benefit of each of the parties hereto and their
respective successors.

 

Section
3.10.         Third Parties. Nothing in this Agreement, express or implied,
is intended or shall be construed to confer upon any Person not a party hereto (other than each other Person entitled to indemnity
or contribution under Section 2.09) any right, remedy or claim under or by virtue of this Agreement.

 

    	 	28	 

     

    

  

Section
3.11.         Governing Law; Jurisdiction; Waiver of Jury Trial.

 

(a)          This
Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts entered
into and performed entirely within such State.

 

(b)          Any
claim, action, suit or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with,
this Agreement or the transactions contemplated hereby shall be heard and determined in the United States District Court located
in the Borough of Manhattan in the City of New York or, if such court does not accept jurisdiction over the applicable action or
proceeding, the state courts of the State of New York located in the Borough of Manhattan in the City of New York, and each of
the parties hereto hereby consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom
in any such claim, action, suit or proceeding) and irrevocably waives, to the fullest extent permitted by law, any objection that
it may now or hereafter have to the laying of venue of any such claim, action, suit or proceeding in any such court or that any
such claim, action, suit or proceeding that is brought in any such court has been brought in an inconvenient forum.

 

(c)          Subject
to applicable law, process in any such claim, action, suit or proceeding may be served on any party anywhere in the world, whether
within or without the jurisdiction of any such court. Without limiting the foregoing and subject to applicable law, each party
agrees that service of process on such party as provided in Section 3.05 shall be deemed effective service of process on such
party. Nothing herein shall affect the right of any party to serve legal process in any other manner permitted by law or at equity.
WITH RESPECT TO ANY SUCH CLAIM, ACTION, SUIT OR PROCEEDING IN ANY SUCH COURT, EACH OF THE PARTIES IRREVOCABLY WAIVES AND RELEASES
TO THE OTHER ITS RIGHT TO A TRIAL BY JURY, AND AGREES THAT IT WILL NOT SEEK A TRIAL BY JURY IN ANY SUCH PROCEEDING.

 

Section
3.12.         Severability. If any provision of this Agreement shall
be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not
in any way be affected or impaired thereby.

 

Section
3.13.         Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement.

 

Section
3.14.         Headings. The heading references herein and in the table
of contents hereto are for convenience purposes only, do not constitute a part of this Agreement and shall not be deemed to limit
or affect any of the provisions hereof.

 

[REMAINDER INTENTIONALLY LEFT
BLANK]

 

    	 	29	 

     

    

 

IN WITNESS WHEREOF, each of the undersigned
has executed this Agreement or caused this Agreement to be executed on its behalf as of the date first written above.

 

	 	PROSIGHT GLOBAL, INC.
	 	 
	 	By:	/s/ Lawrence Hannon
	 	 	Name:	Lawrence Hannon
	 	 	Title:	President and Chief Executive Officer

 

[Signature Page to Registration Rights
Agreement]

 

    	 	 	 

     

    

 

	 	PROSIGHT INVESTMENT LLC
	 	 	 
	 	By:	/s/ Anthony Arnold
	 	 	Name:	Anthony Arnold
	 	 	Title:	Vice President

 

	 	PROSIGHT PARALLEL INVESTMENT LLC
	 	 	 
	 	By:	/s/ Anthony Arnold
	 	 	Name:	Anthony Arnold
	 	 	Title:	Vice President

 

[Signature Page to Registration Rights
Agreement] 

 

    	 	 	 

     

    

 

	 	PROSIGHT TPG, L.P.
	 	 	 
	 	By:	/s/ Adam Fliss
	 	 	Name:	Adam Fliss
	 	 	Title:	Vice President

 

	 	TPG PS 1, L.P.
	 	 	 
	 	By:	/s/ Adam Fliss
	 	 	Name:	Adam Fliss
	 	 	Title:	Vice President

 

	 	TPG PS 2, L.P.
	 	 	 
	 	By:	/s/ Adam Fliss
	 	 	Name:	Adam Fliss
	 	 	Title:	Vice President

  

	 	TPG PS 3, L.P.
	 	 	 
	 	By:	/s/ Adam Fliss
	 	 	Name:	Adam Fliss
	 	 	Title:	Vice President

 

	 	TPG PS 4, L.P.
	 	 	 
	 	By:	/s/ Adam Fliss
	 	 	Name:	Adam Fliss
	 	 	Title:	Vice President

 

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	 	/s/ Steven W. Carlsen  
	 	Name:	Steven W. Carlsen
	 	Address:	[Redacted]

 

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	 	/s/ Clement S. Dwyer
	 	Name:	Clement S. Dwyer
	 	Address:	[Redacted]

 

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	 	/s/ Bruce W. Schnitzer
	 	Name:	Bruce W. Schnitzer
	 	Address:	[Redacted]

 

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	 	/s/ Joseph Beneducci
	 	Name:	Joseph Beneducci
	 	Address:	[Redacted]

 

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	 	/s/ Robert Bailey
	 	Name:	Robert Bailey
	 	Address:	[Redacted]

 

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	 	/s/ Robert A. Bednarik
	 	Name:	Robert A. Bednarik
	 	Address:	[Redacted]

 

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	 	/s/ Frank Bosse
	 	Name:	Frank Bosse
	 	Address:	[Redacted]

 

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	 	/s/ Larry Hannon
	 	Name:	Larry Hannon
	 	Address:	[Redacted]

 

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	 	/s/ Lee Kramer
	 	Name:	Lee Kramer
	 	Address:	[Redacted]

 

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	 	/s/ Paul Kush
	 	Name:	Paul Kush
	 	Address:	[Redacted]

 

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	 	/s/ Frank D. Papalia
	 	Name:	Frank D. Papalia
	 	Address:	[Redacted]

 

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	 	/s/ Joe Finnegan
	 	Name:	Joe Finnegan
	 	Address:	[Redacted]

 

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	 	/s/ Anthony S. Piszel
	 	Name:	Anthony S. Piszel
	 	Address:	[Redacted]

 

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	 	/s/ Darryl Siry
	 	Name:	Darryl Siry
	 	Address:	[Redacted]

 

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	 	/s/ Joanne McGovern
	 	Name:	Joanne McGovern
	 	Address:	[Redacted]

 

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	 	/s/ Kevin Topper
	 	Name:	Kevin Topper
	 	Address:	[Redacted]

 

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	 	/s/ Ricardo Victores
	 	Name:	Ricardo Victores
	 	Address:	[Redacted]

 

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	 	Small Beer Partners, LLC
	 	 
	 	/s/ Vincent J. Dowling, Jr. 
	 	Name:	Vincent J. Dowling, Jr. 
	 	Title:	Manager 
	 	Address:	[Redacted] 

 

[Signature Page to Registration Rights
Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}]]