Document:

Exhibit 10.1

 

AMENDMENT NO. 1

to

Sponsor
support agreement

 

This Amendment No. 1 to the Sponsor Support Agreement (this “Amendment”) is made as of June 9, 2021, by
and among Roivant Sciences Ltd., a Bermuda exempted limited company (the “Company”), Montes Archimedes Acquisition
Corp., a Delaware corporation (“MAAC”), Patient Square Capital LLC, a Delaware limited liability company (the
 “MAAC Sponsor”), and each of James C. Momtazee, George Barrett, Maria C. Walker and Steve Oesterle (collectively, the
 “Insiders”, and together with the MAAC Sponsor, the “Shareholders”). Capitalized terms used, but
not otherwise defined herein, shall have the meaning given to them in the Sponsor Support Agreement (as defined below) or the Business
Combination Agreement (as defined below), as the context so requires.

 

WHEREAS, on May 1, 2021 (a)
the Company, MAAC, the MAAC Sponsor and, solely for purposes of certain provisions therein, the Insiders entered into that certain Sponsor
Support Agreement (as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with its terms,
the “Sponsor Support Agreement”), and (b) MAAC, the Company and Rhine Merger Sub, Inc., a Delaware corporation and
a direct wholly owned Subsidiary of the Company, entered into that certain Business Combination Agreement (as amended, amended and restated,
supplemented or otherwise modified from time to time in accordance with its terms, including, for the avoidance of doubt, as amended by
Amendment No. 1 to the Business Combination Agreement, the “Business Combination Agreement”);

 

WHEREAS, pursuant to Section
16 of the Sponsor Support Agreement, the Sponsor Support Agreement may be amended if, and only if, such amendment is in writing and signed
by the Company, MAAC and the Shareholders;

 

WHEREAS, the Company, MAAC
and each Shareholder desires to amend the Sponsor Support Agreement to provide that, among other things, (a) each MAAC Class B Share held
by George Barrett or Steve Oesterle (each, a “MAAC Independent Director”) issued and outstanding immediately prior
to the Effective Time be converted as of the Effective Time into the number of Company Post-Closing Common Shares equal to the Sponsor
Exchange Ratio, on the terms and subject to the conditions set forth in the Business Combination Agreement and the Sponsor Support Agreement,
and (b) a portion of the Company Post-Closing Common Shares issued upon conversion of the MAAC Class B Shares held by a MAAC Independent
Director in the Merger be subject to the vesting provisions set forth in the Sponsor Support Agreement; and

 

WHEREAS, on the date hereof
(a) the Company and MAAC are entering into Amendment No. 1 to the Business Combination Agreement (“Amendment No. 1 to the Business
Combination Agreement”) in connection with the amendments contemplated hereby and (b) each MAAC Independent Director, on the
one hand, and the Company, on the other hand, are entering into a Lock-Up Agreement (each, a “MAAC Independent Director Lock-Up
Agreement”); and

 

NOW, THEREFORE, in consideration
for the mutual promises made herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the Company, MAAC and each Shareholder hereby agree to amend the Sponsor Support Agreement as follows:

 

1.             Amendments
to the Sponsor Support Agreement.

 

(a)               
Section 2 of the Sponsor Support Agreement is hereby amended and restated in its entirety and replaced with the following:

 

    

     

    

 

“2.           Earn-Out Shares.

 

(a)                Subject
to, and conditioned upon the occurrence of and effective immediately after the Effective Time, (i) 20% of the number of Company
Post-Closing Common Shares issued to the MAAC Sponsor, any Affiliate of the MAAC Sponsor, any MAAC Independent Director (as defined
in the BCA) or any MAAC Independent Director Transferee (as defined in the BCA) upon the conversion of MAAC Class B Shares held by
him, her or it immediately prior to the Effective Time (rounded up to the nearest whole share) shall be subject to the provisions
set forth below in this Section 2 (such Company Post-Closing Common Shares, the “20% Earn-Out
Shares”), (ii) 10% of the number of Company Post-Closing Common Shares issued to the MAAC Sponsor, any Affiliate of the
MAAC Sponsor, any MAAC Independent Director or any MAAC Independent Director Transferee(s) upon the conversion of MAAC Class B
Shares held by him, her or it immediately prior to the Effective Time (rounded up to the nearest whole share) shall be subject to
the provisions set forth below in this Section 2 (such Company Post-Closing Common Shares, the “10%
Earn-Out Shares” and, together with the 20% Earn-Out Shares, the “Earn-Out Shares”) and
(iii) the remaining 70% of the number of Company Post-Closing Common Shares issued to the MAAC Sponsor, any Affiliate of the
MAAC Sponsor, any MAAC Independent Director or any MAAC Independent Director Transferee upon the conversion of MAAC Class B
Shares held by him, her or it immediately prior to the Effective Time (rounded down to the nearest whole share) shall not be subject
to the provisions set forth below in this Section 2 (such Company Post-Closing Common Shares, the
 “Retained Shares”).

 

(b)               
Subject to, and conditioned upon the occurrence of and effective immediately after the Effective Time, the Earn-Out Shares shall
be unvested and subject to the restrictions and forfeiture provisions set forth in this Section 2. The Earn-Out Shares shall vest
and become free of the provisions set forth in this Section 2 at such time as the Stock Price (as defined below) of Company Post-Closing
Common Shares equals or exceeds (x) with respect to the 20% Earn-Out Shares, $15.00 per share (the “20% Trigger Price”),
and (y) with respect to the 10% Earn-Out Shares, $20.00 per share (the “10% Trigger Price” and, together with the 20%
Trigger Price, the “Trigger Price”), in each case, for any 20 Trading Days within any 30 Trading Day period commencing
no earlier than the Closing Date and ending no later than the fifth (5th) anniversary of the Closing Date (the “Earn-Out End
Date”); provided, however, that (i) if the Earn-Out End Date occurs on a day that is not a Trading Day, then the
Earn-Out End Date shall be deemed to occur on the next following Trading Day, and (ii) if the Company or any of its Affiliates enters
into a definitive agreement with respect to a Sale (as defined below) on or prior to the Earn-Out End Date, then the Earn-Out End Date
shall be automatically extended and shall be deemed to occur on the earlier of (A) the day after such Sale is consummated and (B) the
termination of such definitive agreement with respect to such Sale in accordance with its terms. Any Earn-Out Shares that have not vested
in accordance with this Section 2(b) or Section 2(c) on or before the Earn-Out End Date will be immediately forfeited
at 11:59 p.m., New York, New York time on the Earn-Out End Date.

 

(c)                In
the event of a Sale (as defined below) on or prior to the Earn-Out End Date, any unvested Earn-Out Shares will fully vest and become
free of the restrictions set forth in this Section 2 as of immediately prior to the closing of such Sale. For purposes of
this Agreement, “Sale” means (A) a purchase, sale, exchange, merger, business combination or other transaction or
series of related transactions in which substantially all of the Company Post-Closing Common Shares are, directly or indirectly,
converted into cash, securities or other property or non-cash consideration (other than, in the case of this clause (A), any
transaction in which the holders of Company Post-Closing Common Shares as of immediately prior to the consummation of such
transaction continue to own all or substantially all of the equity securities of the Company (or any successor or parent entity of
the Company) immediately following the consummation of such transaction), (B) a direct or indirect sale, lease, exchange or other
transfer (regardless of the form of the transaction) in one transaction or a series of related transactions of a majority of the
Company’s assets, as determined on a consolidated basis, to a third party or third parties acting as a “group” (as
defined in Section 13(d)(3) of the Exchange Act) or (C) any transaction or series of transactions that results, directly or
indirectly, in the shareholders of the Company as of immediately prior to such transactions holding, in the aggregate, less than
fifty percent (50%) of the voting Equity Securities of the Company (or any successor or parent company of the Company) immediately
after the consummation thereof (excluding, for the avoidance of doubt, any Earn-out Shares) (in the
case of each of clause (A), (B) or (C), whether by amalgamation, merger, consolidation, arrangement, tender offer, recapitalization,
purchase, issuance, sale or transfer of Equity Securities or assets or otherwise).

 

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(d)                Each
Shareholder agrees that he, she or it shall not engage in any Sale Transaction (as defined in the applicable Lock-Up Agreement) with
respect to any of his, her or its Earn-Out Shares until such time as the Earn-Out Shares have vested pursuant to Section
2(b) or Section 2(c). Notwithstanding the foregoing or anything to the contrary herein, (i) the MAAC Sponsor, any
Affiliate of the MAAC Sponsor, any MAAC Independent Director or any MAAC Independent Director Transferee (and, for the avoidance of
doubt, any permitted transferees pursuant to this clause (i)) may transfer all or any of the Earn-Out Shares held by him, her or it
in any transfer of the type described in Sections 1(b)(iii)(A) through (C) or (F) of the applicable Lock-Up Agreement, provided
that, in the case of a transfer of the type described in clauses (A) through (C), the transferee shall, in addition to any
requirements in the applicable Lock-Up Agreement, agree in writing that he, she or it is receiving and holding such Earn-Out Shares
subject to the provisions of this Section 2 and (ii) from and after a transfer pursuant to clause (i) of this sentence, all
references to any of the MAAC Sponsor, any Affiliate of the MAAC Sponsor, any MAAC Independent Director or any MAAC Independent
Director Transferee in this Section 2 and Section 7 shall include such transferee and shall collectively mean the
MAAC Sponsor, any Affiliate of the MAAC Sponsor, any MAAC Independent Director or any MAAC Independent Director Transferee (to
the extent that he, she or it then holds Earn-Out Shares) and each permitted transferee of the Earn-Out Shares originally held by
the MAAC Sponsor, any Affiliate of the MAAC Sponsor, any MAAC Independent Director or any MAAC Independent Director Transferee
pursuant to clause (i) of this sentence (in each case, to the extent he, she or it then holds Earn-Out Shares). Each transferee of
Earn-Out Shares pursuant to clause (i) of the preceding sentence shall be a third party beneficiary of this Section 2 and Section
7.

 

(e)               
As used herein, “Stock Price” means, on any date on or after the Closing and on or prior to the Earn-Out End
Date, the closing sale price per share of Company Post-Closing Common Shares reported as of 4:00 p.m., New York, New York time on such
date by Bloomberg, or if not available on Bloomberg, as reported by or an authoritative source generally used for such purposes and selected
by the Company, and “Trading Day” means any day on which trading is generally conducted on Nasdaq or any other exchange
on which the Company Post-Closing Common Shares are traded on or after the Closing and on or prior to the Earn-Out End Date. The Earn-out
Shares and the applicable Trigger Price (and all references to Company Post-Closing Common Shares and each of the foregoing in this Agreement)
shall each be adjusted appropriately to reflect the effect of any stock split, reverse stock split, stock dividend (including any dividend
or other distribution of securities convertible into Company Post-Closing Common Shares), reorganization, recapitalization, reclassification,
combination, exchange of shares or other like change with respect to the Company Post-Closing Common Shares (or any other Equity Securities
into which they are adjusted pursuant to this Section 2(e)) at any time prior to the vesting of the Earn-out Shares pursuant to
this Section 2 so as to provide the holders of the Earn-Out Shares with the same economic effect as contemplated by this Section
2 prior to such event and as so adjusted shall, from and after the date of such event, be the Earn-Out Shares and the 20% Trigger
Price or the 10% Trigger Price, as applicable.

 

(f)                
The Company shall use reasonable best efforts to remain listed as a public company on, and for the Earn-Out Shares to be tradable
over, Nasdaq or any other nationally recognized U.S. stock exchange; provided, however, the foregoing shall not limit the
Company or any of its Affiliates from consummating a Sale or entering into a definitive agreement that contemplates a Sale. Subject to
Section 2(c) and the other applicable provisions of this Section 2, upon the consummation of Sale the Company shall have
no further obligations under this Section 2(f).

 

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(g)            
 At the time that the Earn-Out Shares become vested pursuant to this Section 2, the Company shall remove any legends, stock
transfer restrictions, stop transfer orders or similar restrictions with respect to the Earn-Out Shares related to such vesting or this
Section 2 (other than, for the avoidance of doubt, those that relate to any applicable and then-existing Lock-Up Period (as defined
in the applicable Lock-Up Agreement) with respect to such Earn-Out Shares).

 

(h)             For
the avoidance of doubt, (i) the MAAC Sponsor, any Affiliate of the MAAC Sponsor, any MAAC Independent Director or any MAAC
Independent Director Transferee shall retain all of his, her or its rights as a stockholder of the Company with respect to the
Earn-Out Shares owned by him, her or it during any period of time that such shares are subject to restriction on transfer or sale
hereunder, including the right to vote any such shares and the right to receive dividends and other distributions with respect to
such Earn-Out Shares prior to vesting (provided that dividends and other distributions with respect to Earn-Out Shares that
are subject to vesting and are unvested at the time of such dividend or distribution shall be set aside by the Company and shall
only be paid to such holders upon the vesting of such Earn-Out Shares (and, if any dividends or other distributions with respect to
Earn-Out Shares are set aside and such Earn-Out Shares are subsequently forfeited pursuant to this Section 2, such set aside
dividends or distributions shall become the property of the Company)), (ii) any Earn-Out Shares that vest in accordance with the
terms of this Section 2 shall remain subject to any applicable Lock-Up Period set forth in the applicable Lock-Up Agreement
and (iii) notwithstanding the expiration of any Lock-Up Period with respect to any Earn-Out Shares, such shares shall remain subject
to any applicable restrictions set forth this Section 2.

 

(i)              The
MAAC Sponsor, any Affiliate of the MAAC Sponsor, any MAAC Independent Director or any MAAC Independent Director Transferee shall
determine, based on advice from its own tax advisors, whether to make an election under Section 83(b) of the Code with respect to
its Earn-Out Shares.

 

(j)             The
Parties agree and acknowledge that the Earn-Out Shares are intended to constitute “voting stock” within the meaning of
Section 368(a)(1) of the Code and the Treasury Regulations promulgated thereunder received by of the MAAC Sponsor, any Affiliate of
the MAAC Sponsor, any MAAC Independent Director or any MAAC Independent Director Transferee(s) in connection with the Merger, and
shall file all Tax Returns consistent with, and take no position inconsistent with (whether in audits, Tax Returns or otherwise),
such treatment unless (i) such Party requests that each of Kirkland & Ellis LLP and Davis Polk & Wardwell LLP provides
written confirmation to the effect that such treatment is more likely than not correct, and each such law firm fails to provide such
confirmation prior to the later of (A) thirty (30) days following such request is made and (B) sixty (60) days prior to the date on
which the relevant Tax Return is due (taking into account applicable extensions); provided that the Parties shall provide
customary factual representations to such law firm; provided, further, that, for the avoidance of doubt, the Parties
shall not be required to restructure, or otherwise alter the terms of, the transaction as provided for in this Agreement or the
Business Combination Agreement, or (ii) otherwise required by a final “determination” within the meaning of Section
1313(a) of the Code.”

 

(k)          
The definition “Lock-Up Agreements” is hereby amended, and deemed, to include the MAAC Independent Director Lock-Up
Agreements.”

 

(b)                  Notwithstanding anything in the Sponsor Support Agreement to the contrary, the Insiders acknowledge and agree that Section 2 of the
Sponsor Support Agreement shall apply to the Insiders.

 

2.                   Effect
of Amendments and Modifications. Except as expressly amended hereby, the Sponsor Support Agreement shall remain unaltered and in
full force and effect and the respective terms, conditions or covenants thereof are hereby in all respects confirmed. Whenever the
Sponsor Support Agreement is referred to in any agreement, document or other instrument, such reference will be to the Sponsor
Support as amended by this Amendment. For the avoidance of doubt, each reference in the Sponsor
Support Agreement, as amended hereby, to “the date hereof”, the “date of this Agreement” and derivations
thereof and other similar phrases shall continue to refer to May 1, 2021.

 

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3.                  
Miscellaneous. Sections 8.5, 8.7, 8.10, 8.11, 8.15 and 8.16 of the Business Combination Agreement are incorporated herein
by reference, mutatis mutandis.

 

[The remainder of this page intentionally left
blank.]

 

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

 

	 	ROIVANT SCIENCES LTD.
	 	 	 
	 	By: 	/s/ Marianne Romeo
	 	Name:	Marianne Romeo
	 	Title:	Head, Global Transactions & Risk Management

 

[Signature Page to Amendment No. 1 to the Sponsor Support Agreement]

 

     

     

    

 

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

 

	 	MONTES ARCHIMEDES ACQUISITION CORP.
	 	 	 
	 	By: 	/s/ Maria C. Walker
	 	Name:	Maria C. Walker
	 	Title:	Chief Financial Officer

 

[Signature Page to Amendment No. 1 to the Sponsor Support Agreement]

 

     

     

    

 

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

 

	 	PATIENT SQUARE CAPITAL LLC
	 	 	 
	 	By: 	/s/ Maria C. Walker
	 	Name:	Maria C. Walker
	 	Title:	Chief Financial Officer

 

[Signature Page to Amendment No. 1 to the Sponsor Support Agreement]

 

     

     

    

 

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

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ George Barrett
	 	Name: 	George Barrett
	 	Address:	6724 Perimeter Loop Road, #311 Dublin, Ohio 43017

 

[Signature Page to Amendment No. 1 to the Sponsor Support Agreement]

 

     

     

    

 

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

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ James C. Momtazee
	 	Name: 	James C. Momtazee
	 	Address:	724 Oak Grove Ave, Suite 130 Menlo Park, California 94025

 

[Signature Page to Amendment No. 1 to the Sponsor Support Agreement]

 

     

     

    

 

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

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ Maria C. Walker
	 	Name: 	Maria C. Walker
	 	Address:	8240 McDaniel Road Fort Worth, Texas 76126

 

[Signature Page to Amendment No. 1 to the Sponsor Support Agreement]

 

     

     

    

 

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

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ Steve Oesterle
	 	Name: 	Steve Oesterle
	 	Address:	240 Oliver Ave S. Minneapolis, Minnesota 55405

 

[Signature Page to Amendment No. 1 to the Sponsor Support Agreement]Exhibit 10.2

 

FORM OF LOCK-UP AGREEMENT

 

This LOCK-UP
AGREEMENT (this “Agreement”) is entered into as of June 9, 2021, by and among Roivant Sciences Ltd.,
a Bermuda exempted limited company (the “Company”), and the undersigned person (the “Holder”).
Each of the Company and the Holder are sometimes referred to herein individually as a “Party” and collectively as
the “Parties.” Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them
in the Business Combination Agreement (as defined below).

 

RECITALS

 

WHEREAS, on the
date hereof, the Company, Montes Archimedes Acquisition Corp., a Delaware corporation (“MAAC”), and Rhine Merger
Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of the Company (“Merger Sub”), are
entering into that certain Amendment No. 1 to the Business Combination Agreement (the “Amendment to the BCA”),
which amends the Business Combination Agreement, dated May 1, 2021, by and among the Company, MAAC and Merger Sub (as amended by the
 Amendment to the BCA and as may be further amended, supplemented or otherwise modified from time to time in accordance with
its terms, the “Business Combination Agreement”);

 

WHEREAS, the Business
Combination Agreement contemplates that, on the terms and subject to the conditions therein, (a) on the Closing Date prior to the Closing,
the Company will consummate the Company Pre-Closing Steps and (b) on the Closing Date promptly following consummation of the Company Pre-Closing
Steps, Merger Sub will merge with and into MAAC, with MAAC as the surviving corporation in the merger and, after giving effect to such
merger, becoming a wholly-owned Subsidiary of the Company;

 

WHEREAS, the Holder
is, as of the date hereof, a holder of Company Pre-Closing Common Shares;

 

WHEREAS, in connection
with the consummation of the transactions contemplated by the Business Combination Agreement, the Holder will be, as of immediately following
the Effective Time, a holder of Company Post-Closing Common Shares;

 

WHEREAS, on the
date hereof, the Company, the Holder and certain other Persons are entering into that certain Amendment No. 1 to the Sponsor Support
Agreement (the “Amendment to the Sponsor Support Agreement”), which amends the Sponsor Support Agreement, dated
May 1, 2021, by and among the Company, the Holder and certain other Persons party thereto (as amended by the Amendment to the
Sponsor Support Agreement and as may be further amended, supplemented or otherwise modified from time to time in accordance with its
terms, the “Sponsor Support Agreement”); and

 

WHEREAS, in consideration
for the benefits to be received by the Holder under the terms of the Business Combination Agreement, the Holder agrees to enter into this
Agreement and to be bound by the agreements, covenants and obligations contained in this Agreement.

 

NOW, THEREFORE, in
consideration of the premises and the mutual promises set forth herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties, each intending to be legally bound, hereby agree as follows:

     

     

    

 

AGREEMENT

 

1.            Lock-Up
Provisions.

 

(a)           For
the applicable Lock-Up Period (as defined below), notwithstanding anything to the contrary set forth in the Company’s bye-laws
or any other agreement, except as set forth herein, the Holder shall not (i) lend, offer, pledge, sell, contract to sell, sell any option
or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer
or dispose of, directly or indirectly, any Company Post-Closing Common Shares, as applicable, that are outstanding and owned by the Holder
immediately following the Effective Time (the “Covered Securities”) or (ii) enter into any swap, hedge or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any Covered Securities, whether any
such transaction described in clause (i) or (ii) above is to be settled by delivery of Covered Securities, in cash or otherwise, and
whether any such transaction is made or executed by or on behalf of someone other than the Holder (each, a “Sale Transaction”),
in each case, without the prior written consent of the Company. The foregoing limitations shall remain in full force and effect for a
period of: (A) with respect to 100% of the Company Post-Closing Common Shares owned by the Holder as of immediately following the Effective
Time, six (6) months from and after the Closing Date, (B) with respect to 25% of the Company Post-Closing Common Shares owned by the
Holder as of immediately following the Effective Time, the earlier of (I) twelve (12) months following the date on which the applicable
Earn-Out Shares (as such term is defined in the Sponsor Support Agreement) vest pursuant to Section 2 of the Sponsor Support Agreement
and (II) seventy-two (72) months from and after the Closing Date, and (C) with respect to 50% of the Company Post-Closing Common
Shares owned by the Holder as of immediately following the Effective Time, thirty-six (36) months from and after the Closing Date (the
periods set forth in the foregoing clauses (A) through (C), as applicable, the “Lock-Up Period”). Notwithstanding
the foregoing, the Lock-Up Period described in clauses (A), (B) and/or (C) shall apply to Covered Securities that are Company Post-Closing
Common Shares (other than the Earn-out Shares), the $15 Earn-Out Shares (as such term is defined in the Sponsor Support Agreement) and
the $20 Earn-out Shares (as such term is defined in the Sponsor Support Agreement) in the manner (and in the applicable proportions)
set forth on Annex A hereto. The Company may impose stop-transfer instructions with respect to the Covered Securities subject
to the restrictions set forth in this Section 1(a). For the avoidance of doubt, (1) any Earn-Out Shares that vest pursuant to the Sponsor
Support Agreement shall remain subject to any applicable Lock-Up Period set forth herein and (2) notwithstanding the expiration of any
Lock-Up Period with respect to any Earn-Out Shares, such shares shall remain subject to any applicable restrictions set forth in the
Sponsor Support Agreement. For the avoidance of doubt, the Covered Securities shall be measured on an as-exercised or as-converted basis,
as applicable.

 

(b)           The
restrictions set forth in Section 1(a) shall not apply to:

 

(i)                
any securities issued to the Holder in connection with a PIPE Subscription Agreement, including any Covered Securities received
in exchange for, or converted for, securities acquired pursuant to a PIPE Subscription Agreement;

 

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(ii)        if the Holder is a party to the Registration Rights Agreement, the sale of any Company Post-Closing Common Shares pursuant to
the Holder’s exercise of the piggyback registration rights set forth in, and in accordance with the terms and conditions of, the
Registration Rights Agreement, so long as such sale is consummated during the six (6) months from and after the Closing Date;

 

(iii)          a
transfer of any or all of the Covered Securities:

 

(A)            
by gift, will, intestate succession or charitable contribution;

 

(B)             
to any Permitted Transferee (as defined below);

 

(C)             
by operation of law or pursuant to a court order or an order of a regulatory agency, such as a qualified domestic relations
order, divorce decree or separation agreement;

 

(D)             
in connection with the Company’s consummation of a liquidation, merger, amalgamation, share exchange, reorganization,
tender offer or other similar transaction that results in all of the Company’s shareholders having the right to exchange their equity
holdings in the Company for cash, securities or other property;

 

(E)             
by pledging, hypothecating or otherwise granting a security interest in Covered Securities in a bona fide transaction to
one or more unaffiliated lending institutions as collateral or security for any margin loan and any transfer in the event of
foreclosure upon such Covered Securities as a result of a default on such margin loan (so long as any such pledge, hypothecation or grant
of security interest shall be on terms consistent with customary margin loans, and the Holder shall provide the Company with written notice
prior to entering into such margin loan);

 

(F)            
a sale or other transfer by an Upstream Equity Holder of its direct or indirect common stock or membership, partnership
or other equity ownership interest in the Holder (whether or not for consideration); or

 

(G)            
to cover any direct or indirect tax obligations (including satisfying any withholding taxes and/or estimated taxes due as
a result of the exercise, vesting or settlement, as applicable, of any securities) that may accrue to the Holder, the Holder’s direct
or indirect owners or the Holder’s Permitted Transferees;

 

provided, however,
that in the case of any of the foregoing clauses (A), (B) or (C), the transferee in such transfer shall agree in a writing delivered to
the Company that the Covered Securities so transferred will thereafter continue be subject to the terms of Section 1(a) unless released
earlier in accordance with Section 1(h) of this Agreement; and

 

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(iv)          the establishment or modification of a written plan meeting the requirements of Rule 10b5-1 of the Exchange Act that does not
provide for the sale or transfer of Covered Securities during the Lock-Up Period; provided that, to the extent a public announcement
or filing under the Exchange Act is required regarding the establishment or modification of such plan, such announcement or filing shall
include a statement to the effect that no sales or transfers of Covered Securities may be made under such plan during the Lock-Up Period.

 

(c)           As
used in this Agreement, the term “Permitted Transferee” means: (A) the Holder’s immediate family (which shall
mean, with respect to any natural person, any of the following: such person’s spouse or domestic partner, the siblings of such
person and his or her spouse or domestic partner, and the direct descendants and ascendants (including adopted and step children and
parents) of such person and his or her spouses or domestic partners and siblings), (B) any entities controlled by, controlling or under
common control with the Holder, (C) any trust for the direct or indirect benefit of the Holder or the immediate family of the Holder,
(D) if the Holder is a trust, the trustor or beneficiary of such trust or to the estate of a beneficiary of such trust, (E) if the Holder
is an entity, any direct or indirect partners, members or equity holders of the Holder, any affiliate (as defined in Rule 405 promulgated
under the Securities Act) or employee of the Holder or any related investment funds or vehicles controlled or managed by such persons
or entities or their respective affiliates (including, for the avoidance of doubt, where the Holder is a partnership, to its general
partner or a successor partnership or fund, or any other funds managed by such partnership), and (F) a nominee or custodian of a person
or entity to whom a disposition or transfer would be permissible under this Agreement. As used in this Agreement, the term “Upstream
Equity Holder” means, with respect to the Holder, its direct or indirect stockholders, partners, members or other equity holders.

 

(d)          The
Holder agrees to execute and deliver such other customary agreements as may be reasonably requested by the Company or the managing underwriter
in an underwritten transaction that are consistent with this Agreement or that are necessary to give further effect thereto. Any such
agreement entered into after the date hereof (i) shall not be more restrictive than this Agreement and (ii) shall include provisions
providing for the pro rata release of the Holder’s shares that are consistent with Section 1(h) hereof, unless the Holder
agrees otherwise in writing.

 

(e)           If
any Sale Transaction is made or attempted contrary to the provisions of this Agreement, such purported Sale Transaction shall be null
and void ab initio, and the Company shall refuse to recognize any such purported transferee of the applicable Covered Securities
as one of its equity holders for any purpose.

 

(f)            During the Lock-Up Period, each certificate (if any) or book entry evidencing any Covered Securities owned by the Holder shall
be stamped or otherwise imprinted or legended with a legend in substantially the following form, in addition to any other applicable legends:

 

“THE SECURITIES
REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT, DATED AS OF [●],
2021, BY AND AMONG ROIVANT SCIENCES LTD. (THE “ISSUER”) AND THE ISSUER’S SECURITY HOLDER NAMED THEREIN, AS IT MAY
BE AMENDED FROM TIME TO TIME. A COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF
UPON WRITTEN REQUEST.”

 

    4 

     

    

 

(g)           For
the avoidance of any doubt, the Holder shall retain all of its rights as a shareholder of the Company during the Lock-Up Period, including
the right to vote any Covered Securities.

 

(h)           Any
discretionary waiver or any amendment, modification or termination of (i) the restrictions set forth in Section 1(a) of any lock-up
agreement entered into on the date hereof by the Company and a holder of its securities and (ii) the lock-up, holdback or similar provisions,
agreements or restrictions set forth in the Company’s bye-laws, the Registration Rights Agreement or any other agreement entered
into on the date hereof between the Company and a holder of its securities, in each case, shall waive, amend, modify or terminate the
provisions of Section 1(a) of this Agreement with respect to the Holder to the same extent and/or in the same aggregate amount, applied
pro rata, to release Covered Securities that are subject to the restrictions set forth in clauses (A), (B) or (C) of Section 1(a)
of this Agreement, respectively, based on the number of shares held by the Holder that are subject to such restrictions, but taking into
account differences in the restrictions set forth in clause (B) of Section 1(a) of this Agreement with respect to the Holder. The Company
shall use commercially reasonable efforts to, at least two (2) business days prior to the effective date of any waiver or release pursuant
to this Section 1(h), provide written notice to the Holder stating the number of Covered Securities to be released.

 

(i)            In
the event the Holder effects a Transfer (as defined in the Sponsor Support Agreement) of any Company Pre-Closing Common Shares, in accordance
with the terms and conditions of the Sponsor Support Agreement, the Holder shall cause the transferee of any such Transfer to enter into
a written agreement in form and substance reasonably satisfactory to the Company agreeing to be bound by this Agreement (which will include,
for the avoidance of doubt, all of the covenants, agreements and obligations of the Holder hereunder) prior and as a condition to the
occurrence of such Transfer.

 

2.            Termination.
This Agreement shall be binding upon the Holder upon the Holder’s execution and delivery of this Agreement, but this Agreement
shall only become effective upon the Closing. This Agreement shall automatically terminate, without any notice or other action by any
Party, and be void ab initio upon the termination of the Business Combination Agreement in accordance with its terms. This Agreement
shall automatically terminate, without any notice or other action by any Party, upon the expiration of all applicable Lock-Up Periods
applicable to the Holder; provided that such termination shall not release the Holder from any liability for any breach of this
Agreement prior to such termination.

 

    5 

     

    

 

3.            Notices..
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed
to have been duly given) by delivery in person, by e-mail (having obtained electronic delivery confirmation thereof (i.e., an electronic
record of the sender that the email was sent to the intended recipient thereof without an “error” or similar message that
such email was not received by such intended recipient)), or by registered or certified mail (postage prepaid, return receipt requested)
(upon receipt thereof) to the other Parties as follows:

 

If to the Company, to:

 

Roivant Sciences Ltd.

Suite 1, 3rd Floor,

11-12 St. James’s Square,

London SW1Y 4LB,

United Kingdom

		Attention:	Matthew Gline

		E-mail:	matthew.gline@roivant.com

		 	legalnotices@roivant.com

 

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

 

Roivant Sciences, Inc.

151 West 42nd Street, 15th Floor

New York, NY 10036

		Attention:	General Counsel

		E-mail:	jo.chen@roivant.com

 

-and-

 

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, NY 10017

		Attention:	Derek Dostal; Lee Hochbaum; Brian Wolfe

		Email:	derek.dostal@davispolk.com; lee.hochbaum@davispolk.com; 
	 	 	brian.wolfe@davispolk.com

 

If to the Holder, to the address on the Holder’s
signature page hereto;

 

or to such other address as the Party to whom notice is given may have
previously furnished to the others in writing in the manner set forth above.

 

4.            Entire
Agreement. This Agreement and the Sponsor Support Agreement constitute the entire agreement of the Parties with respect to the subject
matter hereof, and supersede all prior agreements and undertakings, both written and oral, among the Parties with respect to the subject
matter of this Agreement, except as otherwise expressly provided in this Agreement.

 

5.            Amendments and Waivers; Assignment.

 

(a)           Any
provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed by the Holder
and the Company.

 

(b)           Notwithstanding the foregoing, no failure or delay by any Party in exercising any right hereunder shall operate as a waiver thereof
nor shall any single or partial exercise thereof preclude any other or further exercise of any other right hereunder.

 

(c)           Neither
this Agreement nor any of the rights, interests or obligations hereunder shall be assignable by the Holder without the Company’s
prior written consent (to be withheld or given in its sole discretion). Any attempted assignment of this Agreement not in accordance
with the terms of this Section 5 shall be null and void ab initio.

 

    6 

     

    

 

6.            No
Third Party Beneficiaries. This Agreement shall be for the sole benefit of the Parties and their respective successors and permitted
assigns and is not intended, nor shall be construed, to give any Person, other than the Parties and their respective successors and permitted
assigns, any legal or equitable right, benefit or remedy of any nature whatsoever by reason this Agreement. Nothing in this Agreement,
expressed or implied, is intended to, or shall be deemed to, create a joint venture.

 

7.           Miscellaneous.
Sections 8.5 (Governing Law), 8.7 (Construction; Interpretation), 8.10 (Severability), 8.11 (Counterparts;
Electronic Signatures), 8.15 (Waiver of Jury Trial), 8.16 (Submission to Jurisdiction) and 8.17 (Remedies) of the
Business Combination Agreement are incorporated herein by reference and shall apply to this Agreement, mutatis mutandis.

 

[Signature page follows]

 

    7 

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Lock-Up Agreement as of the date first above written.

 

	 	ROIVANT SCIENCES LTD.
	 	 
	 	By:	 
	 	Name:
	 	Title:

 

[Signature Page to Lock-Up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Lock-Up Agreement as of the date first above written.

 

	 	[HOLDER]
	 	 
	 	By:	 
	 	Name:
	 	Title:

 

[Signature Page to Lock-Up
Agreement]

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