Document:

EX-10.3

 Exhibit 10.3 

EXCHANGE AGREEMENT 

EXCHANGE AGREEMENT (this “Agreement”), dated as of [_], 2021, among Bumble Inc., a Delaware corporation, Buzz Holdings L.P.,
a Delaware limited partnership, and the holders, other than the Corporation, of Common Units (as defined herein) from time to time party hereto. 

WHEREAS, the parties hereto desire to provide for the exchange of Common Units for shares of Class A Common Stock (as defined herein), on
the terms and subject to the conditions set forth herein. 
 NOW, THEREFORE, in consideration of the mutual covenants and undertakings
contained herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 
 SECTION
1.1. Definitions 
 The following definitions shall be for all purposes, unless otherwise clearly indicated to the contrary,
applied to the terms used in this Agreement. 
 “Agreement” has the meaning set forth in the preamble of this Agreement.

 “Blackstone Limited Partner” has the meaning set forth in the LP Agreement. 

“Business Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in New York, New York
are authorized or required by law to close. 
 “Buzz Holdings L.P.” means Buzz Holdings L.P., a Delaware limited
partnership, and any successor thereto. 
 “Class A Common Stock” means the Class A common stock,
par value $0.01 per share, of the Corporation. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Common Unit” means (i) each Common Unit (as such term is defined in the LP Agreement) issued as of the date hereof and
(ii) each Common Unit or other interest in Buzz Holdings L.P. that may be issued by Buzz Holdings L.P. in the future that is designated by the Corporation as a “Common Unit.” For the avoidance of doubt, “Common Unit” shall
include any Common Units received in exchange for Incentive Units (as defined in the LP Agreement) pursuant to the LP Agreement, and shall include any Common Units received in settlement of the IPO True Up (as defined in the Loan and Security
Agreement, dated as of January 29, 2020, by and between Beehive Holdings III, LP and Buzz Holdings L.P.). 
 “Common
Unitholder” means each holder of one or more Common Units that may from time to time be a party to this Agreement. For the avoidance of doubt, any holder of Common Units received upon conversion of Incentive Units (as defined in the LP
Agreement) pursuant to the LP Agreement will be a “Common Unitholder” hereunder. 

 “Corporation” means Bumble Inc., a Delaware corporation, and any successor
thereto. 
 “Exchange” has the meaning set forth in Section 2.1(a) of this Agreement. 

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

“Exchange Rate” means, at any time, the number of shares of Class A Common Stock for which a Common Unit is entitled to
be exchanged at such time. On the date of this Agreement, the Exchange Rate shall be 1 for 1, subject to adjustment pursuant to Section 2.4 of this Agreement. 

“Exchanging Common Unitholder” means a Common Unitholder initiating an Exchange. 

“Founder Limited Partner” has the meaning set forth in the LP Agreement. 

“IPO” means the initial public offering and sale of the company’s Class A Common Stock. 

“LP Agreement” means the Second Amended and Restated Limited Partnership Agreement of Buzz Holdings L.P., dated on or about
the date hereof, as such agreement may be amended and/or restated from time to time. 
 “Permitted Transferee” has the
meaning given to such term in Section 3.1 of this Agreement. 
 “Principal Stockholder Party”
means a “Principal Stockholder” under the Stockholders Agreement of the Corporation, dated on or about the date hereof, among the Corporation and each of the other parties from time to time party thereto as such agreement may be amended
and/or restated from time to time. 
 “Quarter” means, unless the context requires otherwise, a fiscal quarter of the
Corporation. 
 “Quarterly Exchange Date” means, unless the Corporation cancels such Quarterly Exchange Date pursuant to
Section 2.6 hereof, the date each Quarter that is the later to occur of either: (i) the second Business Day after the date on which the Corporation makes a public news release of its quarterly earnings for the prior Quarter or
(ii) the first day each Quarter that directors and executive officers of the Corporation are permitted to trade under the applicable polices of the Corporation relating to trading by directors and executive officers; provided that there
shall be no Quarterly Exchange Date for any party prior to the expiration or waiver of any applicable lock-up agreement in connection with the IPO. 

“Registration Rights Agreement” means the Registration Rights Agreement of Buzz Holdings L.P., dated on or about the date
hereof, as such agreement may be amended from time to time. 

 “Sale Transaction” has the meaning set forth in Section 2.6 of this
Agreement. 
 “Securities Act” means the U.S. Securities Act of 1933, as amended. 

ARTICLE II 
 SECTION
2.1. Exchange of Common Units for Class A Common Stock. 
 (a) Subject to adjustment as provided
in this Article II and to the provisions of the LP Agreement, each Common Unitholder shall be entitled, on any Quarterly Exchange Date, upon the terms and subject to the conditions hereof, to surrender Common Units to Buzz Holdings L.P., for the
account of either the Corporation or Buzz Holdings L.P. in exchange for the delivery to the exchanging Common Unitholder of a number of shares of Class A Common Stock that is equal to the product of the number of Common Units surrendered
multiplied by the Exchange Rate (such exchange, an “Exchange”). 
 (b) In addition, subject to adjustment as provided in
this Article II, each Principal Stockholder Party shall be entitled at any time from and after the closing of the IPO to Exchange Common Units for shares of Class A Common Stock; provided, that the number of Common Units surrendered in
such Exchanges (by such Principal Stockholder Party and any related person within the meaning of Section 267(b) or Section 707(b)(1)) during any thirty (30) calendar day period represent, in the aggregate, greater than two percent of
total interests in partnership capital or profits (provided that such Exchange constitutes a “block transfer” within the meaning of Treasury Regulation section 1.7704-1(e)(2)). 

SECTION 2.2. Exchange Procedures. 

(a) The Corporation will provide notice thereof to each Common Unitholder eligible to Exchange Common Units on a Quarterly Exchange Date at
least seventy-five (75) days prior to the anticipated date of such Quarterly Exchange Date. A Common Unitholder shall exercise its right to make an Exchange as set forth in Section 2.1(a) above by providing a written
notice of Exchange, which in the case of an Exchange pursuant to clause (i) of Section 2.1(a) shall be delivered, at least sixty (60) days prior to the applicable Quarterly Exchange Date substantially in the form of Exhibit A
hereto, duly executed by such holder or such holder’s duly authorized attorney, in each case delivered during normal business hours at the principal executive offices of the Corporation and to Buzz Holdings L.P. 

(b) As promptly as practicable following the surrender for Exchange of the Common Units in the manner provided in this Article II, Buzz
Holdings L.P. shall deliver or cause to be delivered at the offices of the then-acting registrar and transfer agent of the Class A Common Stock or, if there is no then-acting registrar and transfer agent of the Class A Common Stock, at the
principal executive offices of the Corporation, the number of shares of Class A Common Stock deliverable upon such Exchange registered in the name of the relevant exchanging Common Unitholder. To the extent the Class A Common Stock is
settled through the facilities of The Depository Trust Company, Buzz Holdings L.P. will, subject to Section 2.2(c) below, upon the written instruction of an exchanging Common Unitholder, use its reasonable best efforts to
deliver the shares of Class A Common Stock deliverable to such exchanging Common Unitholder, through the facilities of The Depository Trust Company, to the account of 

 
the participant of The Depository Trust Company designated by such exchanging Common Unitholder. The Corporation, including in its capacity as the General Partner of Buzz Holdings L.P., shall
take such actions as may be required to ensure the performance by Buzz Holdings L.P. of its obligations under this Article II, including the issuance and sale of shares of Class A Common Stock to or for the account of Buzz Holdings L.P. in
exchange for the delivery to the Corporation of a number of Common Units that is equal to the number of Common Units surrendered by an exchanging Common Unitholder. 

(c) Buzz Holdings L.P. and each Exchanging Common Unitholder shall bear their own expenses in connection with the consummation of any Exchange,
whether or not any such Exchange is ultimately consummated, except that Buzz Holdings L.P. shall bear any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, any Exchange; provided,
however, that if any shares of Class A Common Stock are to be delivered in a name other than that of the Common Unitholder that requested the Exchange, then such Common Unitholder and/or the person in whose name such shares are to be delivered
shall pay to Buzz Holdings L.P. the amount of any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, such Exchange or shall establish to the reasonable satisfaction of Buzz Holdings L.P. that
such tax has been paid or is not payable. 
 (d) The Corporation may adopt reasonable procedures for the implementation of the Exchange
provisions set forth in this Article II. A Common Unitholder may not revoke a notice of exchange relating to an Exchange pursuant to clause (i) of Section 2.1(a) delivered pursuant to Section 2.2(a) above, without
the consent of the Corporation, which consent may be provided or withheld, or made subject to such conditions, limitations or restrictions, as determined by the Corporation in its sole discretion. Such determinations need not be uniform and may be
made selectively among Common Unitholders, whether or not such Common Unitholders are similarly situated. 
 (e) Notwithstanding anything to
the contrary herein, the Corporation may in its sole discretion elect to settle any Exchange hereunder by delivering shares of Class A Common Stock directly to an exchanging Common Unitholder in exchange for such Common Unitholder’s
delivery to the Corporation of the corresponding Common Units. Any such transaction shall otherwise be effected on the terms and in the manner provided herein and shall constitute an “Exchange” for all purposes of this Agreement. 

(f) Notwithstanding anything to the contrary herein, to the extent a Common Unitholder surrenders for exchange a fraction of a Common Unit,
Buzz Holdings L.P. may in its sole discretion deliver to such holder a cash amount equal to the market value of such fraction (as determined by Buzz Holdings L.P. in its sole discretion) in lieu of delivering a fraction of a share of Class A
Common Stock. 
 SECTION 2.3. Limitations on Exchanges. 

(a) For the avoidance of doubt, and notwithstanding anything to the contrary herein, a Common Unitholder shall not be entitled to Exchange
Common Units to the extent the Corporation determines in good faith that such Exchange (i) would be prohibited by law or (ii) would result in any breach of any debt agreement or other material contract of Buzz Holdings

 
L.P. or the Corporation; provided, that nothing in this Agreement shall be construed to limit the rights and remedies of any Common Unitholder pursuant to the Registration Rights
Agreement. For the avoidance of doubt, no Exchange shall be deemed to be prohibited by law pertaining to the registration of securities if such securities have been so registered or if any exemption from such registration requirements is reasonably
available. 
 (b) Notwithstanding anything to the contrary herein, if the board of directors of the Corporation shall determine in good faith
that additional restrictions on Exchanges are necessary so that Buzz Holdings L.P. is not treated as a “publicly traded partnership” under Section 7704 of the Code, the Corporation or Buzz Holdings L.P. may impose such additional
restrictions on Exchanges as the board of directors of the Corporation has determined in good faith to be so necessary. Notwithstanding anything to the contrary herein, no Exchange shall be permitted if, in the good faith determination of the
Corporation or Buzz Holdings L.P., such an Exchange would pose a material risk that Buzz Holdings L.P. would be a “publicly traded partnership” under Section 7704 of the Code. 

SECTION 2.4. Adjustment.  

(a) The Exchange Rate shall be adjusted accordingly if there is: (i) any subdivision (by any unit split, unit distribution,
reclassification, reorganization, recapitalization or otherwise) or combination (by reverse unit split, reclassification, reorganization, recapitalization or otherwise) of the Common Units that is not accompanied by an identical subdivision or
combination of the Class A Common Stock; or (ii) any subdivision (by any stock split, stock dividend or distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse stock split,
reclassification, reorganization, recapitalization or otherwise) of the Class A Common Stock that is not accompanied by an identical subdivision or combination of the Common Units, in each case, to the extent necessary to maintain the economic
equivalency in the value surrendered for exchange and the value received, as determined by the Corporation in its sole discretion. If there is any reclassification, reorganization, recapitalization or other similar transaction in which the
Class A Common Stock is converted or changed into another security, securities or other property, then upon any subsequent Exchange, an exchanging Common Unitholder shall be entitled to receive the amount of such security, securities or other
property that such exchanging Common Unitholder would have received if such Exchange had occurred immediately prior to the effective date of such reclassification, reorganization, recapitalization or other similar transaction, taking into account
any adjustment as a result of any subdivision (by any split, distribution or dividend, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse split, reclassification, recapitalization or otherwise) of such
security, securities or other property that occurs after the effective time of such reclassification, reorganization, recapitalization or other similar transaction. Except as may be required in the immediately preceding sentence, no adjustments in
respect of distributions shall be made upon the Exchange of any Common Unit. 
 SECTION 2.5. Class A
Common Stock to be Issued.  
 (a) The Corporation shall at all times reserve and keep available out of its authorized but
unissued Class A Common Stock, solely for the purpose of issuance upon an Exchange, such number of shares of Class A Common Stock as shall be deliverable upon any 

 
such Exchange; provided that nothing contained herein shall be construed to preclude Buzz Holdings L.P. from satisfying its obligations in respect of the Exchange of the Common Units by
delivery of shares of Class A Common Stock which are held in the treasury of the Corporation or Buzz Holdings L.P. or any of their subsidiaries or by delivery of purchased shares of Class A Common Stock (which may or may not be held in the
treasury of the Corporation or any subsidiary thereof). The Corporation and Buzz Holdings L.P. covenant that all Class A Common Stock issued upon an Exchange will, upon issuance, be validly issued, fully paid and
non-assessable. 
 (b) The Corporation and Buzz Holdings L.P. covenant and agree that, to the extent
that a registration statement under the Securities Act is effective and available for shares of Class A Common Stock to be delivered with respect to any Exchange, shares that have been registered under the Securities Act shall be delivered in
respect of such Exchange. In the event that any Exchange in accordance with this Agreement is to be effected at a time when any required registration has not become effective or otherwise is unavailable, upon the request and with the reasonable
cooperation of the Common Unitholder requesting such Exchange, the Corporation and Buzz Holdings L.P. shall use commercially reasonable efforts to promptly facilitate such Exchange pursuant to any reasonably available exemption from such
registration requirements. The Corporation and Buzz Holdings L.P. shall use commercially reasonable efforts to list the Class A Common Stock required to be delivered upon Exchange prior to such delivery upon each national securities exchange or
inter-dealer quotation system upon which the outstanding Class A Common Stock may be listed or traded at the time of such delivery. 

SECTION 2.6. Subsequent Offerings. The Corporation may from time to time provide the opportunity for Common Unitholders to sell or
exchange their Common Units to or with the Corporation, Buzz Holdings L.P. or any of their subsidiaries for Class A Common Stock or other consideration (a “Sale Transaction”); provided that no Sale Transaction shall
occur unless the Corporation cancels the nearest Quarterly Exchange Date scheduled to occur in the same fiscal year of the Corporation as such Sale Transaction. A Common Unitholder selling Common Units in connection with a Sale Transaction must
provide notice to the Corporation at least thirty (30) days prior to the settlement of such Sale Transaction in respect of the Common Units to be sold; provided that with respect to any Common Unitholder transferring Common Units in a
“block transfer” within the meaning of Treasury Regulation section 1.7704-1(e)(2), the Corporation may waive such notice requirement. For the avoidance of doubt, the total aggregate number of
Quarterly Exchange Dates and Sale Transactions occurring during any fiscal year of the Corporation shall not exceed four (4). 
 ARTICLE III

 SECTION 3.1. Additional Common Unitholders. To the extent a Common Unitholder validly transfers any or all of such
holder’s Common Units to another person in a transaction in accordance with, and not in contravention of, the LP Agreement or any other agreement or agreements with the Corporation or any of its subsidiaries to which a transferring Common
Unitholder may be party, then such transferee (each, a “Permitted Transferee”) shall have the right to execute and deliver a joinder to this Agreement, substantially in the form of Exhibit B hereto, whereupon such Permitted
Transferee shall become a Common Unitholder hereunder. To the extent Buzz Holdings L.P. issues Common Units in the future, Buzz Holdings L.P. shall be entitled, in its sole discretion, to make any holder of such Common Units a Common Unitholder
hereunder through such holder’s execution and delivery of a joinder to this Agreement, substantially in the form of Exhibit B hereto. 

 SECTION 3.2. Addresses and 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 upon receipt) by delivery in person, by courier service, by fax, by electronic mail (delivery receipt requested) or by registered or
certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be as specified in a notice given in accordance with this
Section 3.2): 
 (a) If to the Corporation, to: 

Bumble Inc. 
 1105 West 41st
Street                 
 Austin, Texas 78756 

Attention: Laura Franco, Chief Legal and Compliance officer 

Email: [email address] 
 With a
copy to 
 Buzz Holdings L.P. 

c/o Bumble Inc. 
 1105 West 41st
Street                 
 Austin, Texas 78756 

Attention: Laura Franco, Chief Legal and Compliance officer 

Email: [email address] 
 (b) If
to Buzz Holdings L.P., to: 
 Buzz Holdings L.P. 

c/o Bumble Inc. 
 1105 West 41st
Street                 
 Austin, Texas 78756 

Attention: Laura Franco, Chief Legal and Compliance officer 

Email: [email address] 
 (c) If
to any Common Unitholder, to the address and other contact information set forth in the records of Buzz Holdings L.P. from time to time. 

SECTION 3.3. Further Action. The parties shall execute and deliver all documents, provide all information and take or refrain from
taking action as may be necessary or appropriate to achieve the purposes of this Agreement. 
 SECTION 3.4. Binding Effect. This
Agreement shall be binding upon and inure to the benefit of all of the parties and, to the extent permitted by this Agreement, their successors, executors, administrators, heirs, legal representatives and assigns. 

 SECTION 3.5. Severability. If any term or other provision of this Agreement is
held to be invalid, illegal or incapable of being enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of
the transactions is not affected in any manner materially adverse to any party. Upon a determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

SECTION 3.6. Amendment. The provisions of this Agreement may be amended only by the affirmative vote or written consent of each of
(i) the Corporation, (ii) Buzz Holdings L.P. and (iii) Common Unitholders holding a majority of the then outstanding Common Units (excluding Common Units held by the Corporation); provided, however, that for so long as
(i) the Blackstone Limited Partner owns at least 5% of the outstanding Common Units, the prior written consent of the Blackstone Limited Partner will be required for any amendment, supplement, waiver or modification of this Agreement or
(ii) the Founder Limited Partner owns at least 5% of the outstanding Common Units, the prior written consent of the Founder Limited Partner will be required for any amendment, supplement, waiver or modification of this Agreement. 

SECTION 3.7. Waiver. No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of
this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach of any other covenant, duty, agreement or condition. 

SECTION 3.8. Submission to Jurisdiction; Waiver of Jury Trial. 

(a) Any and all disputes which cannot be settled amicably with respect to this Agreement, including any action (at law or in equity), claim,
litigation, suit, arbitration, hearing, audit, review, inquiry, proceeding or investigation or ancillary claims of any party, arising out of, relating to or in connection with the validity, negotiation, execution, interpretation, performance or non-performance of this Agreement or any matter arising out of or in connection with this Agreement and the rights and obligations arising hereunder or thereunder, or for recognition and enforcement of any judgment
in respect of this Agreement and the rights and obligations arising hereunder or thereunder brought by a party hereto or its successors or assigns, shall be brought and determined exclusively in the Delaware Chancery Court, if such court shall not
have jurisdiction, any federal court located in the State of Delaware, or, if neither of such courts shall have jurisdiction, any other Delaware state court. Each of the parties hereby irrevocably submits with regard to any such dispute for itself
and in respect of its property, generally and unconditionally, to the sole and exclusive personal jurisdiction of the aforesaid courts and agrees that it will not bring any dispute relating to this Agreement or any of the transactions contemplated
by this Agreement in any court other than the aforesaid courts. Each party irrevocably consents to service of process in any dispute in any of the aforesaid courts by the mailing of copies thereof by registered or certified mail, postage prepaid, or
by recognized overnight delivery service, to such party at such party’s address referred to in Section 3.2. Each party hereby irrevocably and unconditionally waives, and agrees not to assert as a defense,

 
counterclaim or otherwise, in any action brought by any party with respect to this Agreement (i) any claim that it is not personally subject to the jurisdiction of the aforesaid courts for
any reason other than the failure to serve process in accordance with this Section 3.8; (ii) any claim that it or its property is exempt or immune from the jurisdiction of any such court or from any legal process commenced
in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise); or (iii) any objection which such party may now or hereafter have (A) to the
laying of venue of any of the aforesaid actions arising out of or in connection with this Agreement brought in the courts referred to above; (B) that such action brought in any such court has been brought in an inconvenient forum and
(C) that this Agreement, or the subject matter hereof or thereof, may not be enforced in or by such courts. 
 (b) To the extent that
any party has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to
itself, or to such party’s property, each such party hereby irrevocably waives such immunity in respect of such party’s obligations with respect to this Agreement. 

(C) EACH PARTY ACKNOWLEDGES THAT IT IS
KNOWINGLY AND VOLUNTARILY AGREEING TO THE CHOICE OF DELAWARE LAW TO
GOVERN THIS AGREEMENT AND TO THE JURISDICTION OF DELAWARE COURTS IN
CONNECTION WITH PROCEEDINGS BROUGHT HEREUNDER. THE PARTIES INTEND THIS TO BE
AN EFFECTIVE CHOICE OF DELAWARE LAW AND AN EFFECTIVE CONSENT TO
JURISDICTION AND SERVICE OF PROCESS UNDER 6 DEL. C. § 2708. 

(d) EACH PARTY, FOR ITSELF AND ITS
AFFILIATES, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW ALL RIGHT TO TRIAL BY JURY IN ANY
ACTION OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING
OUT OF OR RELATING TO THE ACTIONS OF THE PARTIES OR THEIR
RESPECTIVE AFFILIATES PURSUANT TO THIS AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS
IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF OR THEREOF. 

SECTION 3.9. Counterparts. This Agreement may be executed and delivered (including by facsimile transmission or by e-mail delivery of a “.pdf” format data file) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an
original but all of which taken together shall constitute one and the same agreement. Copies of executed counterparts transmitted by telecopy, by e-mail delivery of a “.pdf” format data file or other
electronic transmission service shall be considered original executed counterparts for purposes of this Section 3.9. 

SECTION 3.10. Tax Treatment; Tax Withholding. 

(a) This Agreement shall be treated as part of the partnership agreement of Buzz Holdings L.P. as described in Section 761(c) of the Code
and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder. As required by the Code and the Treasury Regulations, the
parties shall report any Exchange consummated hereunder as a taxable sale of the Common Units by a Common Unitholder to the Corporation, and no party shall take a contrary position on any income tax return, amendment thereof or communication with a
taxing authority unless an alternate position is permitted under the Code and Treasury Regulations and the Corporation consents in writing. 

 (b) Notwithstanding any other provision in this Agreement, the Corporation, Buzz Holdings
L.P. and their agents and affiliates shall have the right to deduct and withhold taxes (including Class A Common Stock with a fair market value determined in the sole discretion of the Corporation equal to the amount of such taxes) from any
payments to be made pursuant to the transactions contemplated by this Agreement if, in their opinion, such withholding is required by law, and shall be provided with any necessary tax forms, including Form W-9
or the appropriate series of Form W-8, as applicable, and any similar information; provided, that the Corporation may, in its sole discretion, allow an exchanging Common Unitholder to pay such taxes
owed on the exchange of Common Units for Class A Common Stock in cash in lieu of the Corporation withholding or deducting such taxes. To the extent that any of the aforementioned amounts are so withheld, such withheld amounts shall be treated
for all purposes of this Agreement as having been delivered and paid to the recipient of the payments in respect of which such deduction and withholding was made. To the extent that any payment pursuant to this Agreement is not reduced by such
deductions or withholdings, such recipient shall indemnify the applicable withholding agent for any amounts imposed by any taxing authority together with any costs and expenses related thereto. 

SECTION 3.11. Specific Performance. The parties hereto agree that irreparable damage would occur in the event that any of the
provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to specific performance of the terms and provisions hereof, in addition
to any other remedy to which they are entitled at law or in equity. 
 SECTION 3.12. Independent Nature of Common Unitholders’
Rights and Obligations. The obligations of each Common Unitholder hereunder are several and not joint with the obligations of any other Common Unitholder, and no Common Unitholder shall be responsible in any way for the performance of the
obligations of any other Common Unitholder hereunder. The decision of each Common Unitholder to enter into to this Agreement has been made by such Common Unitholder independently of any other Common Unitholder. Nothing contained herein, and no
action taken by any Common Unitholder pursuant hereto, shall be deemed to constitute the Common Unitholders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Common Unitholders are in any
way acting in concert or as a group with respect to such obligations or the transactions contemplated hereby and the Corporation acknowledges that the Common Unitholders are not acting in concert or as a group, and the Corporation will not assert
any such claim, with respect to such obligations or the transactions contemplated hereby. 
 SECTION 3.13. Applicable Law. This
Agreement shall be governed by, and construed in accordance with, the law of the State of Delaware, without regards to its principles of conflicts of laws. 

[Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and
delivered, all as of the date first set forth above. 
  

			
	BUMBLE INC.
		
	By:	 	  

		 	 Name: Laura Franco
 Title: Chief Legal and
Compliance Officer

  

			
	BUZZ HOLDINGS L.P.
		
	By:	 	Bumble Inc., its general partner
		
	By:	 	  

		 	 Name: Laura Franco
 Title: Chief Legal and
Compliance Officer

 [Signature Page to Exchange Agreement] 

 
			
	COMMON UNITHOLDERS:
	
	BLACKSTONE BUZZ HOLDINGS L.P.
		
	By:	 	BTO Holdings Manager – NQ L.L.C., its general partner
		
	By:	 	Blackstone Tactical Opportunities Associates – NQ L.L.C., its managing member
		
	By:	 	BTOA – NQ L.L.C., its sole member
		
	By:	 	  

		 	 Name:
 Title:

  

			
	BLACKSTONE TACTICAL OPPORTUNITIES FUND – FD L.P.
		
	By:	 	Blackstone Tactical Opportunities Associates III – NQ L.P., its general partner
		
	By:	 	BTO DE GP – NQ L.L.C., its general partner
		
	By:	 	  

		 	 Name:
 Title:

 [Signature Page to Exchange Agreement] 

 
			
	BLACKSTONE FAMILY INVESTMENT PARTNERSHIP – GROWTH ESC L.P.
		
	By:	 	BXG Side-by-Side GP L.L.C., its general partner
		
	By:	 	  

		 	 Name:
 Title:

 [Signature Page to Exchange Agreement] 

 
			
	BEEHIVE HOLDINGS II, LP
		
	By:	 	Beehive Holdings Management II, LLC, its general partner
		
	By:	 	  

		 	 Name: Whitney Wolfe Herd
 Title: Sole
Member

  

			
	BEEHIVE HOLDINGS III, LP
		
	By:	 	Beehive Holdings Management III, LLC, its general partner
		
	By:	 	  

		 	 Name: Whitney Wolfe Herd
 Title: Sole
Member

 [Signature Page to Exchange Agreement] 

 
	
	  

	Name:
	
	  

	 Name:

	
	  

	 Name:

	
	  

	 Name:

	
	  

	 Name:

	
	  

	 Name:

	
	  

	 Name:

	
	  

	 Name:

	
	  

	 Name:

 [Signature Page to Exchange Agreement] 

 
	
	  

	Name:
	
	  

	Name:
	
	  

	Name:
	
	  

	Name:

 [Signature Page to Exchange Agreement] 

 EXHIBIT A 

[FORM OF] 
 ELECTION OF EXCHANGE

 Bumble Inc. 
 1105 West 41st Street 

Austin, Texas 78756 
 Attention: Laura Franco, Chief Legal and
Compliance Officer 
 Buzz Holdings L.P. 
 c/o Bumble Inc. 

1105 West 41st Street 
 Austin, Texas 78756 

Attention: Laura Franco, Chief Legal and Compliance Officer 

Reference is hereby made to the Exchange Agreement, dated as of [_], 2021 (the “Exchange Agreement”), among Bumble Inc., a
Delaware corporation, Buzz Holdings L.P., a Delaware limited partnership, and the holders of Common Units from time to time party thereto. Capitalized terms used but not defined herein shall have the meanings given to them in the Exchange Agreement.

 The undersigned Common Unitholder hereby transfers to Buzz Holdings L.P., for the account of either the Corporation or Buzz Holdings
L.P., the number of Common Units set forth below in exchange for shares of Class A Common Stock to be issued in its name as set forth below, as set forth in the Exchange Agreement. 

Legal Name of Common Unitholder: _______________________________________________ 

Address: ______________________________________________________________________ 

Number of Common Units to be exchanged: _______________________ 

The undersigned hereby represents and warrants that (i) the undersigned has full legal capacity to execute and deliver this Election of
Exchange and to perform the undersigned’s obligations hereunder; (ii) this Election of Exchange has been duly executed and delivered by the undersigned and is the legal, valid and binding obligation of the undersigned enforceable against
it in accordance with the terms thereof or hereof, as the case may be, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and the availability of equitable remedies; (iii) the Common Units
subject to this Election of Exchange are being transferred to the Corporation free and clear of any pledge, lien, security interest, encumbrance, equities or claim; and (iv) no consent, approval, authorization, order, registration or
qualification of any third party or with any court or governmental agency or body having jurisdiction over the undersigned or the Common Units subject to this Election of Exchange is required to be obtained by the undersigned for the transfer of
such Common Units to the Corporation. 

 The undersigned hereby irrevocably constitutes and appoints any officer of the Corporation
or of Buzz Holdings L.P. as the attorney of the undersigned, with full power of substitution and resubstitution in the premises, to do any and all things and to take any and all actions that may be necessary to transfer to Buzz Holdings L.P., for
the account of either the Corporation or Buzz Holdings L.P., the Common Units subject to this Election of Exchange and to deliver to the undersigned the shares of Class A Common Stock to be delivered in exchange therefor. 

IN WITNESS WHEREOF the undersigned, by authority duly given, has caused this Election of Exchange to be executed and delivered by the
undersigned or by its duly authorized attorney. 
  

			
	  

	Name:	 	
		
		 	Dated:
                                         
               

 EXHIBIT B 

[FORM OF] 
 JOINDER AGREEMENT 

This Joinder Agreement (“Joinder Agreement”) is a joinder to the Exchange Agreement, dated as of [_], 2021 (the
“Agreement”), among Bumble Inc., a Delaware corporation (the “Corporation”), Buzz Holdings L.P., a Delaware limited partnership, and each of the Common Unitholders from time to time party thereto. Capitalized terms
used but not defined in this Joinder Agreement shall have their meanings given to them in the Agreement. This Joinder Agreement shall be governed by, and construed in accordance with, the law of the State of Delaware. In the event of any conflict
between this Joinder Agreement and the Agreement, the terms of this Joinder Agreement shall control. 
 The undersigned hereby joins and
enters into the Agreement having acquired Common Units in Buzz Holdings L.P.. By signing and returning this Joinder Agreement to the Corporation, the undersigned accepts and agrees to be bound by and subject to all of the terms and conditions of and
agreements of a Common Unitholder contained in the Agreement, with all attendant rights, duties and obligations of a Common Unitholder thereunder. The parties to the Agreement shall treat the execution and delivery hereof by the undersigned as the
execution and delivery of the Agreement by the undersigned and, upon receipt of this Joinder Agreement by the Corporation and by Buzz Holdings L.P., the signature of the undersigned set forth below shall constitute a counterpart signature to the
signature page of the Agreement. 
  

							
		 	Name:                                     
                                        
               	  	
		 	Address for Notices:	  		  	With copies to:
				
		 	  
	  		  	  

		 	  
	  		  	  

		 	  
	  		  	  

		 	Attention:                                    
                        	  		  	  

 [INSERT APPROPRIATE INDIVIDUAL OR ENTITY SIGNATURE BLOCK FOR JOINING PARTY]EX-10.4

 Exhibit 10.4 

REGISTRATION RIGHTS AGREEMENT 

by and among 
 BUMBLE
INC. 
 and 
 THE
OTHER PARTIES HERETO 
 Dated as of [_] 
  

 TABLE OF CONTENTS 

 

							
		 		  	 	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	1	 
			
	 Section 1.1
	 	Certain Definitions	  	 	1	 
			
	 Section 1.2
	 	Other Definitional Provisions; Interpretation	  	 	4	 
		
	 ARTICLE II REGISTRATION RIGHTS
	  	 	5	 
			
	 Section 2.1
	 	Right to Demand a Non-Shelf Registered Offering	  	 	5	 
			
	 Section 2.2
	 	Right to Piggyback on a Non-Shelf Registered Offering	  	 	5	 
			
	 Section 2.3
	 	Right to Demand and be Included in a Shelf Registration	  	 	5	 
			
	 Section 2.4
	 	Demand and Piggyback Rights for Shelf Takedowns	  	 	5	 
			
	 Section 2.5
	 	Effective Registration	  	 	6	 
			
	 Section 2.6
	 	Limitations on Demand and Piggyback Rights	  	 	6	 
			
	 Section 2.7
	 	Notifications Regarding Registration Statements	  	 	7	 
			
	 Section 2.8
	 	Notifications Regarding Registration Piggyback Rights	  	 	7	 
			
	 Section 2.9
	 	Notifications Regarding Demanded Underwritten Takedowns	  	 	7	 
			
	 Section 2.10
	 	Plan of Distribution, Underwriters and Counsel	  	 	8	 
			
	 Section 2.11
	 	Cutbacks	  	 	8	 
			
	 Section 2.12
	 	Withdrawals	  	 	9	 
			
	 Section 2.13
	 	Lockups	  	 	9	 
			
	 Section 2.14
	 	Expenses	  	 	9	 
			
	 Section 2.15
	 	Facilitating Registrations and Offerings	  	 	9	 
			
	 Section 2.16
	 	Rule 144	  	 	14	 
			
	 Section 2.17
	 	Underwritten Registrations	  	 	14	 
			
	 Section 2.18
	 	No Inconsistent Agreements	  	 	14	 
			
	 Section 2.19
	 	In-Kind Distributions	  	 	15	 
			
	 Section 2.20
	 	Termination of Registration Rights	  	 	15	 
		
	 ARTICLE III INDEMNIFICATION
	  	 	15	 
			
	 Section 3.1
	 	Indemnification by the Company	  	 	15	 
			
	 Section 3.2
	 	Indemnification by the Holders	  	 	16	 
			
	 Section 3.3
	 	Notices of Claims, Etc.	  	 	16	 
			
	 Section 3.4
	 	Contribution	  	 	17	 
			
	 Section 3.5
	 	Non-Exclusivity	  	 	18	 
		
	 ARTICLE IV OTHER
	  	 	18	 

  
 i 

							
			
	 Section 4.1
	 	Notices	  	 	18	 
			
	 Section 4.2
	 	Transfer Rights	  	 	19	 
			
	 Section 4.3
	 	Current Public Information	  	 	20	 
			
	 Section 4.4
	 	Additional Parties; Joinder Agreement	  	 	20	 
			
	 Section 4.5
	 	Amendments; Waiver	  	 	20	 
			
	 Section 4.6
	 	Third Parties	  	 	21	 
			
	 Section 4.7
	 	Governing Law	  	 	21	 
			
	 Section 4.8
	 	Consent to Jurisdiction	  	 	21	 
			
	 Section 4.9
	 	Mutual Waiver of Jury Trial	  	 	21	 
			
	 Section 4.10
	 	Specific Performance	  	 	22	 
			
	 Section 4.11
	 	Entire Agreement	  	 	22	 
			
	 Section 4.12
	 	Severability	  	 	22	 
			
	 Section 4.13
	 	Counterparts	  	 	22	 
			
	 Section 4.14
	 	Effectiveness	  	 	22	 
			
	 Section 4.15
	 	Company	  	 	22	 

  

  
 ii 

 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is dated as of [_] and is by and among Bumble Inc., a Delaware
corporation (the “Company”), the Founder Investor (as defined below), the Blackstone Investor (as defined below), the Accel Investor (as defined below) and each other Person who at any time, acquires Common Stock (as defined below)
of the Company and, with the consent of the Blackstone Investor and the Founder Investor, executes a Joinder Agreement (as defined below). 

BACKGROUND 
 WHEREAS, the
Company is effecting an underwritten initial public offering (“IPO”) of shares of its Common Stock (as defined below); and 

WHEREAS, the Company desires to grant registration rights to the Founder Investor, the Blackstone Investor and the Accel Investor on the terms
and conditions set out in this Agreement. 
 NOW, THEREFORE, the parties agree as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.1 Certain Definitions. 

“Accel Investor” means the entity listed on the signature page hereto under the heading “Accel Investor.” 

“Affiliate” has the meaning ascribed thereto in Rule 12b-2 promulgated under the
Exchange Act, as in effect on the date hereof. 
 “Agreement” has the meaning set forth in the preamble. 

“Blackstone Investor” means, collectively, the entities listed on the signature pages hereto under the heading
“Blackstone Investor.” 
 “Board” means the board of directors of the Company. 

“Bumble Holdings” means Buzz Holdings L.P., a Delaware limited partnership. 

“Business Day” means any day other than a Saturday, a Sunday or a day that is a statutory holiday under the laws of the
United States, the State of New York, Singapore or the United Arab Emirates. 
 “Common Stock” means shares of class A
common stock, par value $0.01 per share, of the Company, and any securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger,
consolidation or similar transaction. 

  
 1 

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

“Control” (including its correlative meanings, “Controlled by” and “under common Control
with”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise) of a
Person. 
 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder, as the same may be amended from time to time. 
 “FINRA” means the Financial Industry Regulatory
Authority, Inc. 
 “Founder Investor” means the entity listed on the signature page hereto under the heading “Founder
Investor.” 
 “Governmental Authority” means any nation or government, any state or other political subdivision
thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Investor” means (a) the Founder Investor, (b) the Blackstone Investor, (c) the Accel Investor, (d) each
Person that executes a Joinder Agreement pursuant to Section 4.2 as transferee of an Investor and (e) each other Person who at any time, with the consent of the Blackstone Investor and the Founder Investor, executes a
Joinder Agreement as an “Investor,” and in each case, is a holder of Registrable Securities or securities exercisable, exchangeable or convertible into Registrable Securities. 

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

“Joinder Agreement” has the meaning set forth in Section 4.3. 

“Law” means any statute, law, regulation, ordinance, rule, injunction, order, decree, governmental approval, directive,
requirement, or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing by, any Governmental Authority. 

“LP Agreement” means the Second Amended and Restated Limited Partnership Agreement of Bumble Holdings, dated as of [_], as
amended from time to time. 
 “NewCo” has the meaning set forth in Section 4.2(e). 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, a cooperative, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under applicable Law, or any Governmental Authority or any department, agency or
political subdivision thereof. 

  
 2 

 “Public Offering” shall mean a public offering and sale of Common Stock of
the Company for cash, other than by the Company, pursuant to an effective registration statement under the Securities Act. 

“Registrable Securities” means all Shares, provided that such Shares will cease to be Registrable Securities when: 

(a) a registration statement covering such Registrable Securities has been declared effective and such Registrable Securities have been
disposed of pursuant to such registration statement; 
 (b) such Registrable Securities shall have been sold pursuant to Rule 144 or 145 (or
any similar provision then in effect) under the Securities Act; or 
 (c) such Registrable Securities cease to be outstanding. 

“Registration Expenses” means any and all expenses incurred in connection with the performance of or compliance with this
Agreement, including: 
 (a) all SEC, stock exchange, or FINRA registration and filing fees (including, if applicable, the fees and expenses
of any “qualified independent underwriter,” as such term is defined in Rule 5121 of FINRA, and of its counsel); 
 (b) all fees and
expenses of complying with securities or blue sky Laws (including fees and disbursements of counsel for the underwriters in connection with blue sky qualifications of the Registrable Securities); 

(c) all printing, duplicating, word processing, messenger, telephone, facsimile and delivery expenses (including expenses of printing
certificates for the Registrable Securities in a form eligible for deposit with The Depository Trust Company and of printing prospectuses); 

(d) all fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange or FINRA and all
rating agency fees; 
 (e) the fees and disbursements of counsel for the Company and of its independent public accountants, including the
expenses of any special audits and/or “cold comfort” letters required by or incident to such performance and compliance; 
 (f) any
fees and disbursements of underwriters customarily paid by the issuers or sellers of Securities, including liability insurance if the Company so desires or if the underwriters so require, and the reasonable fees and expenses of any special experts
retained in connection with the requested registration, but excluding underwriting discounts and commissions and transfer taxes, if any; 

(g) any fees and disbursements of counsel (including the fees and disbursements of one separate outside counsel (and local and special counsel,
to the extent necessary) for each Investor) incurred in connection with any registration statement or registered offering covering Registrable Securities held by the Investors; 

  
 3 

 (h) all fees and expenses of one accountant selected by the Investors holding a majority of
the Registrable Securities being registered; 
 (i) the costs and expenses of the Company relating to analyst and investor presentations or
any “road show” undertaken in connection with the registration and/or marketing of the Registrable Securities (including the reasonable out-of-pocket expenses
of the Investors); and 
 (j) any other fees and disbursements customarily paid by the issuers of securities. 

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

“SEC” means the U.S. Securities and Exchange Commission or any successor agency. 

“Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, as
the same may be amended from time to time. 
 “Shares” means (i) all shares of Common Stock of the Company held by
Investors from time to time, including any Shares held by Persons who are or become parties to this agreement by the execution and delivery of a Joinder Agreement, (ii) any Shares or other securities issued or issuable as a distribution with
respect to, or in exchange for or in replacement of any of the foregoing Shares or other securities held by such Investor, including Units and (iii) any other securities issued or transferred in exchange for or upon conversion of any of the
foregoing Shares as a result of a merger, consolidation, reorganization or otherwise and any other securities issued to any other holders of Shares in connection with any such transaction. 

“Transfer” (including its correlative meanings, “Transferor,” “Transferee” and
“Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in or to such security. When used as a noun, “Transfer” shall
have such correlative meaning as the context may require. 
 “Units” means (i) each Class A Unit (as such term is
defined in the LP Agreement) issued as of the date hereof and (ii) each Class A Unit or other interest in Bumble Holdings that may be issued by Bumble Holdings in the future that is designated by the Company as a “Unit.” 

“WKSI” means a well-known seasoned issuer, as defined in the SEC’s Rule 405. 

Section 1.2 Other Definitional Provisions; Interpretation. 

(a) The words “hereof,” “herein,” and “hereunder” and words of similar import when used in this Agreement refer
to this Agreement as a whole and not to any particular provision of this Agreement, and references in this Agreement to a designated “Article” or “Section” refer to an Article or Section of this Agreement unless otherwise
specified. 

  
 4 

 (b) The headings in this Agreement are included for convenience of reference only and do not
limit or otherwise affect the meaning or interpretation of this Agreement. 
 (c) The meanings given to terms defined herein are equally
applicable to both the singular and plural forms of such terms. 
 ARTICLE II 

REGISTRATION RIGHTS 

Section 2.1 Right to Demand a Non-Shelf Registered Offering. Subject to
Section 2.6, upon the demand of the Blackstone Investor or the Founder Investor (each, a “Requesting Holder”) made at any time and from time to time, the Company will facilitate in the manner described
in this Article II a non-shelf registered offering of the Registrable Securities requested by a Requesting Holder to be included in such offering. Any demanded
non-shelf registered offering may, subject to Section 2.6, at the Company’s option, include Common Stock of the Company to be sold by the Company for its own account and will
also include Registrable Securities to be sold by Investors that exercise their related piggyback rights in accordance with this Article II. 

Section 2.2 Right to Piggyback on a Non-Shelf Registered Offering. In connection with any
registered offering of Registrable Securities covered by a non-shelf registration statement (whether pursuant to the exercise of demand rights or at the initiative of the Company), each of the Investors may,
in accordance with this Article II, exercise piggyback rights to have included in such offering Registrable Securities held by them. The Company will facilitate in the manner described in this Agreement any such
non-shelf registered offering. 
 Section 2.3 Right to Demand and be Included in a Shelf
Registration. Subject to Section 2.6, upon the demand of a Requesting Holder made at any time and from time to time when the Company is eligible to sell its Common Stock in a secondary offering on a delayed or
continuous basis in accordance with Rule 415, the Company will facilitate in the manner described in this Agreement a shelf registration of Registrable Securities held by such Requesting Holder. Any shelf registration statement filed by the
Company covering Common Stock (whether pursuant to a demand by a Requesting Holder or at the initiative of the Company) will cover such Registrable Securities held by each of the Investors as such Investors may request (regardless of whether they
demanded the filing of such shelf or not). If at the time of such request the Company is a WKSI, such shelf registration statement would, at the request of such Requesting Holder, cover an unspecified number of Registrable Securities to be sold by
the Investors and, if the Company so elects, the Company. 
 Section 2.4 Demand and Piggyback Rights for Shelf Takedowns.
Subject to Section 2.6, upon the demand of one or more Requesting Holders made at any time and from time to time, the Company will facilitate in the manner described in this Agreement a “takedown” of
Registrable Securities off of an effective shelf registration statement. In connection with any shelf takedown (whether pursuant to the exercise of such demand rights or at the initiative of the Company) in connection with which a “lock-up” arrangement will be imposed, the Investors may exercise piggyback rights to have included in such takedown Registrable Securities held by them that are registered on such shelf. 

  
 5 

 Section 2.5 Effective Registration. The Company shall, with respect to each
demand registration, use its reasonable best efforts to cause the registration statement to remain effective for not less than 180 consecutive days (or such shorter period as shall terminate when all Registrable Securities covered by such
registration statement have been sold or withdrawn), or if (i) such registration is a shelf registration on Form S-1 until such shelf registration is amended or replaced by a shelf registration on Form S-3 (or such shorter period as shall terminate when all Registrable Securities covered by such registration statement have been sold or withdrawn) or (ii) 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. 

Section 2.6 Limitations on Demand and Piggyback Rights. 

(a) Any demand for the filing of a registration statement or for a registered offering or takedown will be subject to the constraints of any
applicable “lock-up” arrangements, and such demand must be deferred until such “lock-up” arrangements no longer apply. If a demand has been made for
a non-shelf registered offering or for an underwritten shelf takedown, no further demands may be made so long as the related offering is still being pursued. Notwithstanding anything in this Agreement to the
contrary, the Investors will not have piggyback or other registration rights with respect to registered primary offerings by the Company (A) covered by a Form S-8 registration statement or a
successor form applicable to employee benefit-related offers and sales, (B) where the securities are not being sold for cash or (C) where the offering is a bona fide offering of securities other than
Common Stock, even if such securities are convertible into or exchangeable or exercisable for Common Stock. 
 (b) The Company may postpone
the filing of a demanded registration statement or suspend the effectiveness of any shelf registration statement, or defer initiating the process for a demanded shelf takedown, in each case for a reasonable “blackout period” not in excess
of the applicable limits specified below, if the Board of the Company determines that such registration or offering could materially interfere with a bona fide business or financing transaction of the Company or is reasonably likely to require
premature disclosure of information, the premature disclosure of which could materially and adversely affect the Company. The blackout period will end upon the earlier to occur of, (A) in the case of a bona fide business or financing
transaction, a date not later than 90 days from the date such deferral commenced, and (B) in the case of disclosure of non-public information, the earlier to occur of (x) the filing by the Company of
its next succeeding Form 10-K or Form 10-Q, or (y) the date upon which such information otherwise is or becomes public knowledge. 

(c) The Founder Investor shall not be the Requesting Holder (A) pursuant to Section 2.1 or
Section 2.4 prior to the expiration of the “lock-up” arrangements entered into with the underwriters in connection with the Blackstone Investor’s first demand
registration pursuant to Section 2.1 or Section 2.4 following the IPO, (B) for more than two (2) demands pursuant to Section 2.1 and (C) for more than
two (2) demands during any consecutive twelve (12) month period (whether pursuant to Section 2.1 or Section 2.4 or a combination). A demand by the

  
 6 

 
Founder Investor for a non-shelf registered offering or a shelf takedown for an offering that will result in the imposition of a “lock-up” on the Company or any Investor may not be made unless the Registrable Securities requested to be sold by the demanding Requesting Holder in such offering have an aggregate market value
(based on the most recent closing price of the Common Stock at the time of the demand) of at least $50 million. 
 Section 2.7
Notifications Regarding Registration Statements. In order for a Requesting Holder to exercise its right to demand that a registration statement be filed or that an underwritten shelf takedown occur, such Requesting Holder must so notify the
Company in writing indicating the number of Registrable Securities sought to be registered or taken down and the proposed plan of distribution. The Company will keep the Investors contemporaneously apprised of all pertinent aspects of its pursuit of
any Public Offering or other registration or underwritten shelf takedown of Registrable Securities, as the case may be, whether pursuant to a demand by a Requesting Holder or otherwise, with respect to which a piggyback opportunity is available in
order that they may have a reasonable opportunity to exercise their related piggyback rights. Without limiting the Company’s obligation as described in the preceding sentence, having a reasonable opportunity requires that the Investors be
notified by the Company of an anticipated filing of a registration statement (whether pursuant to a demand made by a Requesting Holder or at the Company’s own initiative or at the initiative of other holders not party to this Agreement) no
later than 5:00 pm, New York City time, on the date that is two Business Days prior to the date on which the registration statement is intended to be filed. Each Requesting Holder and the Company agrees to use its good faith efforts to provide
advance notice as soon as reasonably practicable to the Investors of such first Requesting Holder’s or the Company’s intention to file or cause the filing of a registration statement; provided, however, that none of the Requesting Holders
or the Company shall be obligated hereby to provide any such advance notice, and, if provided, such advance notice shall not be binding in any respect. Subject to any required public disclosure and subject to applicable legal requirements, the
parties hereto will maintain the confidentiality of these discussions. 
 Section 2.8 Notifications Regarding Registration Piggyback
Rights. In the event that the Company receives (i) any demand from a Requesting Holder for an underwritten shelf takedown, or (ii) if the Company files a registration statement with respect to a
non-shelf registered offering, the Company will promptly give to each of the Investors a written notice thereof no later than 5:00 p.m., New York City time, on the 10th day following receipt by the Company of such demand or the filing of such registration statement, as applicable. Any Investor wishing to exercise its piggyback rights with respect to a non-shelf registration statement or underwritten shelf takedown must notify the Company and the other Investors of the number of Registrable Securities it seeks to have included in such registration statement or
takedown, as the case may be. Such notice must be given as soon as practicable, but in no event later than 5:00 pm, New York City time, on the second trading day (in the case of a non-shelf offering) or on the
trading day (in the case of an underwritten shelf takedown) prior to (i) if applicable, the date on which the preliminary prospectus or prospectus supplement intended to be used in connection with
pre-effective marketing efforts for the relevant offering is expected to be finalized, and (ii) in any case, the date on which the pricing of the relevant offering is expected to occur. 

Section 2.9 Notifications Regarding Demanded Underwritten Takedowns. 

  
 7 

 (a) The Company will keep the Investors contemporaneously apprised of all pertinent aspects
of any underwritten shelf takedown in order that they may have a reasonable opportunity to exercise their related piggyback rights. Without limiting the Company’s obligation as described in the preceding sentence, having a reasonable
opportunity requires that, upon receipt of a request that an underwritten takedown occur, the Investors be notified by the Company of an anticipated underwritten takedown (whether pursuant to a demand made by a Requesting Holder or made at the
Company’s own initiative) no later than 5:00 pm, New York City time, on (A) if applicable, the second trading day prior to the date on which the preliminary prospectus or prospectus supplement intended to be used in connection with pre-pricing marketing efforts for such takedown is finalized, and (B) in all cases, the second trading day prior to the date on which the pricing of the relevant takedown occurs. 

(b) Any Investor wishing to exercise its piggyback rights with respect to an underwritten shelf takedown must notify the Company and the other
Investors of the number of Registrable Securities it seeks to have included in such takedown. Such notice must be given as soon as practicable, but in no event later than 5:00 pm, New York City time, on (A) if applicable, the trading day prior
to the date on which the preliminary prospectus or prospectus supplement intended to be used in connection with marketing efforts for the relevant offering is expected to be finalized, and (B) in all cases, the trading day prior to the date on
which the pricing of the relevant takedown occurs. 
 (c) Pending any required public disclosure and subject to applicable legal
requirements, the parties hereto will maintain appropriate confidentiality of their discussions regarding a prospective underwritten takedown. 

Section 2.10 Plan of Distribution, Underwriters and Counsel. If a majority of the Shares proposed to be sold in an underwritten
offering through a non-shelf registration statement or through a shelf takedown is being sold by the Company for its own account (for clarity, excluding Shares to be sold by the Company for its own account to
the extent the proceeds from such sale will be used to purchase Units from Investors), the Company will be entitled to determine the plan of distribution and select the managing underwriters for such offering. Otherwise, the applicable Requesting
Holder will be entitled to determine the plan of distribution and select the managing underwriters, and any provider of capital markets advisory services (which may include affiliates of a Requesting Holder), and will also be entitled to select
counsel for the selling Investors (which may be the same as counsel for the Company). In the case of a shelf registration statement, the plan of distribution will provide as much flexibility as is reasonably possible, including with respect to
resales by transferee Investors. 
 Section 2.11 Cutbacks. If the managing underwriters advise the Company and the selling
Investors that, in their opinion, the number of Shares requested to be included in an underwritten offering exceeds the amount that can be sold in such offering without adversely affecting the distribution of the Shares being offered, such offering
will include only the number of Shares that the underwriters advise can be sold in such offering. Except in the case of a demand offering, if the Company is selling Shares for its own account in such offering (for clarity, excluding Shares to be
sold by the Company for its own account to the extent the proceeds from such sale will be used to purchase Units from Investors), the Company will have first priority and to the extent of any remaining capacity, the selling Investors will be subject
to 

  
 8 

 
cutback pro rata based on the number of Registrable Securities initially requested by them to be included in such offering. In a demand offering, the Requesting Holder will have first
priority and to the extent of any remaining capacity, the other selling Investors shall have priority over any other Person participating in the offering (including the Company) and shall be subject to cutback pro rata based on the number of
Registrable Securities initially requested by each other selling Investor to be included in such offering. To the extent that there is any remaining capacity after such Requesting Holder and the selling Investors have been included, any other Person
participating in the offering (including the Company) will be included and will be subject to cutback pro rata based on the number of Registrable Securities initially requested by them to be included in such offering. Subject to the last
sentence of Section 2.1, other selling equityholders will be included in an underwritten offering only with the consent of the applicable Requesting Holder (in the event of a demand offering) or the Company (in the event of
an offering initiated by the Company). 
 Section 2.12 Withdrawals. Even if Registrable Securities held by an Investor have been
part of a registered underwritten offering, such Investor may, no later than the time at which the public offering price and underwriters’ discount are determined with the managing underwriter, decline to sell all or any portion of the
Registrable Securities being offered for its account. 
 Section 2.13 Lockups. In connection with any underwritten offering of
Registrable Securities, to the extent required by the managing underwriter for such underwritten offering, the Company and each holder of Registrable Securities shall agree (in the case of any Investor, with respect to Shares held by such Investor)
to be bound by customary “lock-up” restrictions contained in the underwriting agreement that are agreed to by (i) all officers of the Company and all members of the Board and (ii) (A) the
Company, if a majority of the Shares being sold in such offering are being sold for its account or (B) the applicable Requesting Holder, if a majority of the Shares being sold in such offering are being sold by Investors, and that are not
longer than 180 days in the case of the IPO or 90 days in the case of any subsequent Public Offering (it being understood that the foregoing shall bind such Persons described in the foregoing clauses (i) and (ii) in the same manner). The
Company shall cause its executive officers and its directors to enter into lock-up agreements that contain restrictions that are no less restrictive than the restrictions contained in the lock-up agreements executed by the holders of Registrable Securities. Pending execution and delivery of the relevant underwriting agreement, upon being notified of a proposed or requested underwritten offering with
respect to which the piggyback rights described in this Agreement will apply, the Investors shall immediately be bound by, the “lock-up” provisions set forth in the underwriting agreement for
the IPO as though they were then applicable for so long as the proposed or requested offering is being pursued. 
 Section 2.14
Expenses. All Registration Expenses incurred in connection with any registration statement or registered offering covering Registrable Securities held by Investors will be borne by the Company. However, underwriters’, brokers’ and
dealers’ discounts and commissions applicable to Shares sold for the account of an Investor will be borne by such Investor. 

Section 2.15 Facilitating Registrations and Offerings. 

  
 9 

 (a) If the Company becomes obligated under this Agreement to facilitate a registration and
offering of Registrable Securities on behalf of Investors, the Company will do so with the same degree of care and dispatch as would reasonably be expected in the case of a registration and offering by the Company of Shares for its own account.
Without limiting this general obligation, the Company will fulfill its specific obligations as described in this Section 2.16. 

(b) In connection with each registration statement that is demanded by a Requesting Holder in accordance with this Article II or as to
which piggyback rights otherwise apply, the Company will: 
 (i) (A) prepare and file with the SEC a registration
statement (or registration statements) covering the applicable Units, (B) file amendments thereto as warranted, (C) seek the effectiveness thereof, and (D) file with the SEC prospectuses and prospectus supplements as may be required,
all in consultation with the Investors and as reasonably necessary in order to permit the offer and sale of the such Registrable Securities in accordance with the applicable plan of distribution; 

(ii) within a reasonable time prior to the filing of any registration statement, any prospectus, any amendment to a
registration statement, amendment or supplement to a prospectus or any free writing prospectus, provide copies of such documents to the selling Investors and to the underwriter or underwriters of an underwritten offering, if applicable, and to their
respective counsel; fairly consider such reasonable changes in any such documents prior to or after the filing thereof as the counsel to the Investors or the underwriter or the underwriters may request; and make such of the representatives of the
Company as shall be reasonably requested by the selling Investors or any underwriter available for discussion of such documents; 

(iii) within a reasonable time prior to the filing of any document which is to be incorporated by reference into a registration
statement or a prospectus, provide copies of such document to counsel for the Investors and underwriters; fairly consider such reasonable changes in such document prior to or after the filing thereof as counsel for such Investors or such underwriter
shall request; and make such of the representatives of the Company as shall be reasonably requested by such counsel available for discussion of such document; 

(iv) use all reasonable efforts to cause each registration statement and the related prospectus and any amendment or supplement
thereto, as of the effective date of such registration statement, amendment or supplement and during the distribution of the registered Shares (A) to comply in all material respects with the requirements of the Securities Act and the rules and
regulations of the SEC and (B) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; 

(v) notify each Investor promptly, its respective counsel and the sole underwriter or managing underwriter, if any, and, if
requested by such Investor, confirm such notice in writing, (A) when any registration statement, any prospectus, any 

  
 10 

 
amendment to a registration statement, amendment or supplement to a prospectus or any free writing prospectus has been filed, when a registration statement has become effective and when any post-effective amendments and supplements thereto become effective if such registration statement or post-effective amendment is not automatically effective upon filing
pursuant to Rule 462, (B) of any request by the SEC or any other federal or state governmental authority for amendments or supplements to a registration statement or related prospectus or for additional information, (C) of the issuance by
the SEC or any state securities authority of any stop order, injunction or other order or requirement suspending the effectiveness of a registration statement or the initiation of any proceedings for that purpose, (D) if, between the effective
date of a registration statement and the expiration or earlier closing of any sale of securities covered thereby pursuant to any over-allotment option under any underwriting, placement or purchase agreement to
which the Company is a party, the representations and warranties of the Company contained in such agreement cease to be true and correct in all material respects or if the Company receives any notification with respect to the suspension of the
qualification of the Shares for sale in any jurisdiction or the initiation of any proceeding for such purpose, and (E) of the happening of any event during the period a registration statement is effective as a result of which such registration
statement or the related prospectus contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading; 

(vi) furnish counsel for each underwriter, if any, and counsel for the Investors copies of any correspondence with the SEC or
any state securities authority relating to the registration statement or prospectus; 
 (vii) otherwise use all reasonable
efforts to comply with all applicable rules and regulations of the SEC, including making available to its security holders an earnings statement covering at least 12 months which shall satisfy the provisions of Section 11(a) of the Securities
Act and Rule 158 thereunder (or any similar provision then in force); 
 (viii) use all reasonable efforts to obtain the
withdrawal of any order suspending the effectiveness of a registration statement at the earliest possible time; and 
 (ix)
provide and cause to be maintained a transfer agent and registrar for all Shares covered by a registration statement from and after a date not later than the effective date of such registration statement. 

(c) In connection with any non-shelf registered offering or shelf takedown that is demanded by a
Requesting Holder or as to which piggyback rights otherwise apply, the Company will: 
 (i) cooperate with the selling
Investors and the sole underwriter or managing underwriter of an underwritten offering of Shares, if any, to facilitate the timely preparation and delivery of certificates representing the Shares to be sold and not bearing any restrictive legends;
and enable such Shares to be in such denominations (consistent with the provisions of the governing documents thereof) and registered in such names as the selling Investors or the sole underwriter or managing underwriter of an underwritten offering
of Shares, if any, may reasonably request at least five days prior to any sale of such Shares; 

  
 11 

 (ii) furnish to each Investor and to each underwriter, if any, participating
in the relevant offering, without charge, as many copies of the applicable prospectus, including each preliminary prospectus, and any amendment or supplement thereto and such other documents as such Investors or underwriter may reasonably request in
order to facilitate the public sale or other disposition of the Share; the Company hereby consents to the use of the prospectus, including each preliminary prospectus, by each such Investor and underwriter in connection with the offering and sale of
the Shares covered by the prospectus or the preliminary prospectus; 
 (iii) (A) use all reasonable efforts to register
or qualify the Shares being offered and sold, no later than the time the applicable registration statement becomes effective, under all applicable state securities or “blue sky” laws of such jurisdictions as each underwriter, if any, or
any Investor holding Shares covered by a registration statement, shall reasonably request; (B) use all reasonable efforts to keep each such registration or qualification effective during the period such registration statement is required to be
kept effective; (C) do any and all other acts and things which may be reasonably necessary or advisable to enable each such underwriter, if any, and Investor to consummate the disposition in each such jurisdiction of such Registrable Securities
owned by such Investor; provided, however, that the Company shall not be obligated to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to consent to be subject to
general service of process (other than service of process in connection with such registration or qualification or any sale of Shares in connection therewith) in any such jurisdiction; and (D) use all reasonable efforts to cause the Shares
being offered and sold, no later than the date on which the pricing of the relevant offering is expected to occur, to be registered with or approved by such other governmental agencies or authorities within the United States, except as may be
required solely as a consequence of the nature of the business of any Investor, in which case the Company will cooperate in all reasonable respects with the filing of the applicable registration statement and the granting of such approvals, as may
be necessary to enable any Investor or the underwriters, if any, to consummate the disposition of such Shares; 
 (iv) cause
all Shares being sold to be qualified for inclusion in or listed on any securities exchange on which the Shares are then so qualified or listed if so requested by the Investors, or if so requested by the underwriter or underwriters of an
underwritten offering of Shares, if any; 
 (v) cooperate and assist in any filings required to be made with FINRA and in the
performance of any due diligence investigation by any underwriter in an underwritten offering; 
 (vi) use all reasonable
efforts to facilitate the distribution and sale of any Registrable Securities to be offered pursuant to this Agreement, including without limitation by making road show presentations, holding meetings with and making calls to potential investors and
taking such other actions as shall be requested by the Investors or the lead managing underwriter of an underwritten offering; 

  
 12 

 (vii) in the case of an offering that includes a provider of capital markets
advisory services, enter into and perform its obligations under customary agreements (including an advisory services agreement and an indemnification agreement in customary form); 

(viii) prior to the date on which the pricing of the relevant offering is expected to occur, provide a CUSIP number for the
Registrable Securities; and 
 (ix) enter into customary agreements (including, in the case of an underwritten offering, one
or more underwriting agreements in customary form, and including provisions with respect to indemnification and contribution in customary form and consistent with the provisions relating to indemnification and contribution contained herein) and take
all other customary and appropriate actions in order to expedite or facilitate the disposition of such Shares and in connection therewith: 

(A) make such representations and warranties to the selling Investors and the underwriters, if any, in form, substance and
scope as are customarily made by issuers to underwriters in similar underwritten offerings; 
 (B) obtain opinions of counsel
to the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the lead managing underwriter, if any) addressed to each selling Investors and the underwriters, if any, covering the
matters customarily covered in opinions requested in sales of securities or underwritten offerings and such other matters as may be reasonably requested by such Investors and underwriters; 

(C) obtain “cold comfort” letters and updates thereof from the Company’s independent certified public
accountants addressed to the selling Investors, if permissible, and the underwriters, if any, which letters shall be customary in form and shall cover matters of the type customarily covered in “cold comfort” letters to underwriters in
connection with primary underwritten offerings; 
 (D) to the extent requested and customary for the relevant transaction,
enter into a securities sales agreement with the Investors providing for, among other things, the appointment of a representative as agent for the selling Investors for the purpose of soliciting purchases of Shares, which agreement shall be
customary in form, substance and scope and shall contain customary representations, warranties and covenants; 
 (E) deliver
such documents and certificates as the sole underwriter or managing underwriter, if any, any Investor, or their respective counsel, shall reasonably request to evidence the continued validity of the representations and warranties made in accordance
with Section 2.16(c)(ix)(A) above and to evidence compliance with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company; and 

  
 13 

 (F) use all reasonable efforts to facilitate the settlement of the Shares to
be sold pursuant to this Article II, including through the facilities of DTC. 
 The above shall be done at such times as customarily occur in
similar registered offerings or shelf takedowns. 
 (d) In connection with each registration and offering of Shares to be sold by Investors,
the Company will, in accordance with customary practice, make available for inspection by representatives of the Investors and underwriters and any counsel or accountant retained by such Investors or underwriters all relevant financial and other
records, pertinent corporate (or similar) documents and properties of the Company and cause appropriate officers, managers, employees, outside counsel and accountants of the Company to supply all information reasonably requested by any such
representative, underwriter, counsel or accountant in connection with their due diligence exercise, including through in-person meetings, but subject to customary privilege constraints. 

(e) Each Investor that holds Shares covered by any registration statement will furnish to the Company such information regarding itself as is
required to be included in the registration statement or prospectus, the ownership of Shares by such Investor and the proposed distribution by such Investor of such Shares as the Company may from time to time reasonably request in writing. 

Section 2.16 Rule 144. At all times, the Company shall file the reports required to be filed by it under the
Securities Act and the Exchange Act and the rules and regulations promulgated thereunder, and will take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to enable such
holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144. Upon the request of any holder of Registrable Securities, the Company shall deliver to such holder
a written statement as to whether it has complied with such requirements. 
 Section 2.17 Underwritten Registrations. No holder
of Registrable Securities may participate in any underwritten registration or takedown hereunder unless such holder (a) agrees to sell such holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by
the Persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting
arrangements. 
 Section 2.18 No Inconsistent Agreements. The Company has not and will not, enter into any agreement with respect
to the Company’s securities that is inconsistent with the rights granted to the holders of Registrable Securities in this Article II or otherwise conflicts with the provisions hereof. The Company shall not enter into any agreement with any
holder or prospective holder of any securities of the Company giving such holder or prospective holder any registration rights the terms of which are equivalent to or more favorable than the registration rights granted to the Investors hereunder, or
which would reduce the amount of Registrable Securities the Investors can include in any registration statement filed or offering effected pursuant to Article II hereof unless the Company shall have received the prior written consent of the
Blackstone Investor and Founder Investor. 

  
 14 

 Section 2.19 In-Kind Distributions. If
any Investor seeks to effectuate an in-kind distribution of all or part of its Registrable Securities to its direct or indirect equityholders, the Company shall, subject to applicable “lock-up” arrangements, work with such Investor and the Company’s transfer agent to facilitate such in-kind distribution in the manner reasonably requested by
such Investor, as well as any resales by such transferees under a shelf registration statement covering such distributed shares. 

Section 2.20 Termination of Registration Rights. The rights of any Requesting Holder or Investor to cause the Company to register
or offer securities under this Article II (and the obligations of such Requesting Holder or Investor, as applicable, in respect thereof) shall, in each case, terminate as to such Requesting Holder or Investor, as applicable, on the date such
Requesting Holder or Investor, as applicable, together with its Permitted Transferees, beneficially owns not more than one percent (1%) of the Registrable Securities that are outstanding at such time and such Investor is able to dispose of all
of its Registrable Securities pursuant to Rule 144 (or any similar or analogous rule) promulgated under the Securities Act within a three-month period without regard to volume or manner of sale limits or
public information requirements. 
 ARTICLE III 

INDEMNIFICATION 

Section 3.1 Indemnification by the Company. In the event of any registration under the Securities Act by any registration
statement pursuant to rights granted in this Agreement of Registrable Securities, the Company will indemnify and hold harmless each holder of Registrable Securities, its officers, directors and affiliates (and the officers, directors, employees,
general and limited partners, Affiliates and Controlling persons of any of the foregoing), and each underwriter of such securities and each other person, if any, who Controls any such holder or such underwriter within the meaning of the Securities
Act, against any losses, claims, damages, expenses, judgments or liabilities (including, without limitation, legal fees and costs of court), joint or several, to which such holder or such underwriter or Controlling person may become subject under
the Securities Act, common law or otherwise, including any amount paid in settlement of any litigation commenced or threatened, and shall promptly reimburse such persons, as and when incurred, for any legal or other expenses reasonably incurred by
them in connection with investigating any claims and defending any actions, insofar as such losses, claims, damages, or liabilities (or any actions in respect thereof) arise out of or are based upon any violation or alleged violation by the Company
of the Securities Act, any blue sky laws, securities laws or other applicable laws or rules of any state or country in which such Registrable Securities are offered and relating to action taken or action or inaction required of the Company in
connection with such offering, or arise out of or are based upon any untrue statement or alleged untrue statement of any material fact (i) contained in any registration statement under which such securities were registered under the Securities
Act or any amendment or supplement 

  
 15 

 
to any of the foregoing, or in any document incorporated by reference therein or related document or report, or any issuer free writing prospectus (including any “road show,” whether or
not required to be filed with the SEC), or which arise out of or are based upon the omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading or (ii) contained
in any preliminary prospectus, if used prior to the effective date of such registration statement, or in the final prospectus (as amended or supplemented if the Company shall have filed with the SEC any amendment or supplement to the final
prospectus), or which arise out of or are based upon the omission or alleged omission (if so used) to state a material fact required to be stated in such prospectus or necessary to make the statements in such prospectus not misleading; and will
reimburse each such holder and each such underwriter and each such Controlling person for any legal or any other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, or liability; provided,
however, that the Company shall not be liable to any such holder or its underwriters or Controlling persons in any such case to the extent that any such loss, claim, damage, or liability arises out of or is based upon an untrue statement or alleged
untrue statement or omission or alleged omission made in such registration statement or such amendment or supplement or other document, in reliance upon and in conformity with information furnished to the Company through a written instrument duly
executed by holders of Registrable Securities or such underwriter specifically for use in the preparation of the information with respect to such holder or such underwriter required under Items 403 and 507 of
Regulation S-K under the Securities Act. 
 Section 3.2 Indemnification by the
Holders. Each holder of Registrable Securities (as to itself, severally and not jointly) will indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 3.1) the Company, each
director of the Company, each officer of the Company who shall sign the registration statement, and any Person who Controls the Company within the meaning of the Securities Act, (i) with respect to any untrue statement or alleged untrue
statement in or omission or alleged omission from such registration statement, or any amendment or supplement to it, or any issuer free writing prospectus or other document, to the extent, but only to the extent, that such untrue statement or
omission was made in reliance upon and in conformity with information furnished to the Company through a written instrument duly executed by such holder specifically regarding such holder for use in the preparation of the information with respect to
such holder required under Items 403 and 507 of Regulation S-K under the Securities Act, and (ii) with respect to compliance by such holder with applicable laws in effecting the sale or other
disposition of the securities covered by such registration statement; provided that the liability of each holder pursuant to this Section 3.2 shall not exceed the amount by which the total price at which the Shares
were offered to the public by such holder exceeds the amount of any damages which such holder has otherwise been required to pay by reason of an untrue statement or omission. 

Section 3.3 Notices of Claims, Etc. Promptly after receipt by an indemnified party of notice of the commencement of any
action involving a claim referred to in the preceding subsections of this Article III, the indemnified party will, if a resulting claim is to be made or may be made against any indemnifying party, give written notice to the indemnifying party
of the commencement of the action. The failure of any indemnified party to give notice shall not relieve the indemnifying party of its obligations in this Article III, except to the extent that the indemnifying party is actually prejudiced by
the failure to give notice. If any such action is 

  
 16 

 
brought against an indemnified party, the indemnifying party will be entitled to participate in and to assume the defense of the action with counsel reasonably satisfactory to the indemnified
party, and after notice from the indemnifying party to such indemnified party of its election to assume defense of the action, the indemnifying party will not be liable to such indemnified party for any legal or other expenses incurred by the latter
in connection with the action’s defense. An indemnified party shall have the right to employ separate counsel in any action or proceeding and participate in the defense thereof, but the fees and expenses of such counsel shall be at such
indemnified party’s expense unless (i) the employment of such counsel has been specifically authorized in writing by the indemnifying party, which authorization shall not be unreasonably withheld, (ii) the indemnifying party has not
assumed the defense and employed counsel reasonably satisfactory to the indemnified party within 30 days after notice of any such action or proceeding, or (iii) the named parties to any such action or proceeding (including any impleaded
parties) include the indemnified party and the indemnifying party and the indemnified party shall have been advised by such counsel that there may be one or more legal defenses available to the indemnified party that are different from or additional
to those available to the indemnifying party (in which case the indemnifying party shall not have the right to assume the defense of such action or proceeding on behalf of the indemnified party), it being understood, however, that the indemnifying
party shall not, in connection with any one such action or separate but substantially similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of
more than one separate firm of attorneys (in addition to all local counsel which is necessary, in the good faith opinion of both counsel for the indemnifying party and counsel for the indemnified party in order to adequately represent the
indemnified parties) for the indemnified party and that all such fees and expenses shall be reimbursed as they are incurred upon written request and presentation of invoices. Whether or not a defense is assumed by the indemnifying party, the
indemnifying party will not be subject to any liability for any settlement made without its consent (but such consent will not be unreasonably withheld). No indemnifying party will consent to entry of any judgment or enter into any settlement which
(A) does not include as an unconditional term the giving by the claimant or plaintiff, to the indemnified party, of a release from all liability in respect of such claim or litigation or (B) involves the imposition of equitable remedies or
the imposition of any non-financial obligations on the indemnified party. 
 Section 3.4
Contribution. If the indemnification required by this Article III from the indemnifying party is unavailable to or insufficient to hold harmless an indemnified party in respect of any indemnifiable losses, claims, damages, liabilities,
or expenses, then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such losses, claims, damages, liabilities, or expenses in such proportion as is appropriate to reflect (i) the
relative benefit of the indemnifying and indemnified parties and (ii) if the allocation in clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect the relative benefit referred to in clause
(i) and also the relative fault of the indemnified and indemnifying parties, in connection with the actions which resulted in such losses, claims, damages, liabilities, or expenses, as well as any other relevant equitable considerations. The
relative benefits received by a party shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) received by it bear to the total amounts (including, in the case of any underwriter, any
underwriting commissions and discounts) received by each other party. The relative fault of the indemnifying party and the indemnified party shall be determined by reference to, among other things, whether any action in question,

  
 17 

 
including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been made by, or relates to information supplied by, such
indemnifying party or parties, and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the losses, claims, damage, liabilities,
and expenses referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such party in connection with any investigation or proceeding. The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 3.4 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 3.4. Notwithstanding the provisions of this Section 3.4, no indemnifying party shall be required to contribute any amount in excess of: (x) the amount by which the total price at which
the Shares were offered to the public by such indemnifying party exceeds the amount of any damages which such indemnifying party has otherwise been required to pay by reason of an untrue statement or omission, in the case of an indemnifying party
that is not an underwriter, and (y) the amount by which the total underwriting discounts and commissions received by such indemnifying party exceeds the amount of any damages which such indemnifying party has otherwise been required to pay by
reason of an untrue statement or omission, in the case of an indemnifying party that is an underwriter. 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 a fraudulent misrepresentation. 
 Section 3.5 Non-Exclusivity. The obligations of the parties under this Article III will be in addition to any liability which any party may otherwise have to any other party. 

ARTICLE IV 
 OTHER

 Section 4.1 Notices. Any notice, request, instruction or other document to be given hereunder by any party hereto to
another party hereto shall be in writing and shall be deemed given (a) when delivered personally, (b) five (5) Business Days after being sent by certified or registered mail, postage prepaid, return receipt requested, (c) one (1)
Business Day after being sent by Federal Express or other nationally recognized overnight courier, or (d) if transmitted by email, in each case, to parties at the following addresses (or at such other address for a party as shall be specified
by prior written notice from such party): 
 if to the Company: 

Bumble Inc. 
 1105 West 41st Street 
 Austin, Texas 78756 

Attention: Laura Franco, Chief Legal and Compliance Officer 

if to the Blackstone Investor: 

Blackstone Buzz Holdings L.P. 

Blackstone Tactical Opportunities Fund – FD L.P. 

  
 18 

 c/o The Blackstone Group Inc. 

345 Park Avenue 
 New York, NY
10154 
 Attention:         Martin Brand 

      Jon Korngold 

      Sachin Bavishi 

      Vishal Amin 

Email:               [email address] 

      [email address] 

      [email address] 

      [email address] 

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

Simpson Thacher & Bartlett LLP 

900 G Street, N.W. 
 Washington,
D.C. 20001 
 Attention:         Joshua Ford Bonnie 

      Edgar J. Lewandowski 

      William R. Golden III 

Email:               [email address] 

      [email address] 

      [email address] 

Section 4.2 Transfer Rights. (a) Any Investor may transfer, in its sole discretion, all or any portion of its rights under
this Agreement to any Transferee of its Registrable Securities, whereupon such Transferees shall become a party to this Agreement. Any such Transfer of registration rights will be effective upon receipt by the Company of (i) written notice from
such Investor stating the name and address of any Transferee and identifying the number of Registrable Securities with respect to which rights under this Agreement are being transferred and the nature of the rights so transferred, and (ii) a
Joinder Agreement from such Person to be bound by the terms of this Agreement as an “Investor.” The Company and the transferring Investor will notify the other Investors as to who the Transferees are and the nature of the rights so
transferred. 
 (b) In the event the Company engages in a merger or consolidation in which the Registrable Securities are converted into
securities of another company, appropriate arrangements will be made so that the registration rights provided under this Agreement continue to be provided to Investors by the issuer of such securities. To the extent such new issuer, or any other
company acquired by the Company in a merger or consolidation, was bound by registration rights obligations that would conflict with the provisions of this Agreement, the Company will, unless Investors then holding a majority of the Registrable
Securities otherwise agree, use its reasonable best efforts to modify any such “inherited” registration rights obligations so as not to interfere in any material respects with the rights provided under this Agreement. 

(c) In the case of an in-kind distribution of Shares pursuant to Section 2.19
of this Agreement with an ability to resale Shares off of a shelf registration statement, such in-kind 

  
 19 

 
transferees will, as transferee Investors, be entitled to the rights under this Agreement applicable to the Shares so transferred. In that regard, however,
in-kind transferees will not be given demand or piggyback rights; rather their means of registered resale will be limited to sales off a shelf with respect to which no special actions are required by the
Company or the other Investors, and as to which no lockup will arise. 
 (d) In the event that the Registrant effects the separation of any
portion of its business into one or more entities (each, a “NewCo”), whether existing or newly formed, including without limitation by way of spin-off,
split-off, carve-out, demerger, recapitalization, reorganization or similar transaction, and any Investor will receive equity interests in any such NewCo as part of such
separation, the Registrant shall cause any such NewCo to enter into a registration rights agreement with each such Investor that provides each such Investor with registration rights
vis-à-vis such NewCo that are substantially identical to those set forth in this Agreement. 

Section 4.3 Current Public Information. At all times after the Company has filed a registration statement with the SEC pursuant to
the requirements of either the Securities Act or the Exchange Act, the Company shall file all reports required to be filed by it under the Securities Act and the Exchange Act and shall take such further action as any Investor may reasonably request,
all to the extent required to enable such Investors to sell Registrable Securities pursuant to Rule 144. Upon request, the Company shall deliver to any holder of restricted securities under Rule 144 a written statement as to whether it has complied
with such requirements. 
 Section 4.4 Additional Parties; Joinder Agreement. Subject to the prior written consent of the
Blackstone Investor and the Founder Investor, the Company may permit any Person who acquires Shares or rights to acquire Shares from the Company after the date hereof to become a party to this Agreement and to succeed to all of the rights and
obligations of an “Investor,” as specified in the Joinder Agreement, under this Agreement by obtaining an executed joinder to this Agreement from such Person substantially in the form of Exhibit A attached hereto (a “Joinder
Agreement”). Upon the execution and delivery of a Joinder Agreement by such Person, the Shares or right to acquire Shares acquired by such Person shall be Registrable Securities and such Person shall be an “Investor,” as specified
in the Joinder Agreement, under this Agreement with respect to such acquired Shares. 
 Section 4.5 Amendments; Waiver. This
Agreement may be amended, supplemented or otherwise modified, or any provision waived, only by a written instrument executed by the Company and the Investors holding a majority of the Registrable Securities subject to this Agreement; provided that:
(i) any amendment or waiver to the Blackstone Investor’s rights under this Agreement that would adversely affect the Blackstone Investor relative to any other Investor, shall require the written consent of the Blackstone Investor,
(ii) any amendment or waiver to the Founder Investor’s rights under this Agreement that would adversely affect the Founder Investor relative to any other Investor, shall require the written consent of the Founder Investor; (iii) any
amendment or waiver to the Accel Investor’s rights under this Agreement that would adversely affect the Accel Investor relative to any other Investor, shall require the written consent of the Accel Investor; and (iv) any amendment or
waiver which adversely affects the economic interests of any Investor hereunder, or increases the obligations of any Investor, 

  
 20 

 
disproportionately to other Investors shall require the written consent of such Investor. No waiver by any party of any of the provisions hereof will be effective unless explicitly set forth in
writing and executed by the party so waiving. Except as provided in the preceding sentence, no action taken pursuant to this Agreement, including without limitation, any investigation by or on behalf of any party, will be deemed to constitute a
waiver by the party taking such action of compliance with any covenants or agreements contained herein. The waiver by any party hereto of a breach of any provision of this Agreement will not operate or be construed as a waiver of any subsequent
breach. 
 Section 4.6 Third Parties. This Agreement does not create any rights, claims or benefits inuring to any Person that
is not a party hereto nor create or establish any third party beneficiary hereto. 
 Section 4.7 Governing Law. This Agreement
shall be governed by, and construed and enforced in accordance with, the laws of the State of New York without regard to conflicts of laws principles. 

Section 4.8 CONSENT TO JURISDICTION. EACH OF THE PARTIES HERETO CONSENTS TO THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL
COURT LOCATED WITHIN THE STATE OF NEW YORK AND IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS RELATING TO THIS AGREEMENT SHALL BE LITIGATED IN SUCH COURTS. EACH OF THE PARTIES HERETO ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS RESPECTIVE
PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY FINAL AND NONAPPEALABLE JUDGMENT RENDERED THEREBY IN CONNECTION
WITH THIS AGREEMENT. EACH OF THE PARTIES HERETO FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF VIA OVERNIGHT COURIER, TO SUCH PARTY AT
THE ADDRESS SPECIFIED IN THIS AGREEMENT, SUCH SERVICE TO BECOME EFFECTIVE FOURTEEN CALENDAR DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL IN ANY WAY BE DEEMED TO LIMIT THE ABILITY OF EITHER PARTY HERETO TO SERVE ANY SUCH LEGAL PROCESS, SUMMONS,
NOTICES AND DOCUMENTS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW OR TO OBTAIN JURISDICTION OVER OR TO BRING ACTIONS, SUITS OR PROCEEDINGS AGAINST THE OTHER PARTY HERETO IN SUCH OTHER JURISDICTIONS, AND IN SUCH MANNER, AS MAY BE PERMITTED BY ANY
APPLICABLE LAW. 
 Section 4.9 MUTUAL WAIVER OF JURY TRIAL. THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
SUIT OR PROCEEDING BROUGHT TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER THIS AGREEMENT. 

  
 21 

 Section 4.10 Specific Performance. Each of the parties hereto acknowledges and
agrees that in the event of any breach of this Agreement by any of them, the non-breaching party would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees to
waive the defense in any action for specific performance that a remedy at law would be adequate and that the parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance
of this Agreement. 
 Section 4.11 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto
with respect to the subject matter hereof. There are no agreements, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those expressly set forth herein. This Agreement supersedes all other
prior agreements, including the Securityholders Agreement, dated as of January 29, 2020, among Buzz Holdings L.P. and the other parties thereto, and understandings between the parties with respect to such subject matter. 

Section 4.12 Severability. If one or more of the provisions, paragraphs, words, clauses, phrases or sentences contained herein, or
the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision, paragraph, word, clause, phrase or sentence in every other
respect and of the remaining provisions, paragraphs, words, clauses, phrases or sentences hereof shall not be in any way impaired, it being intended that all rights, powers and privileges of the parties hereto shall be enforceable to the fullest
extent permitted by Law. 
 Section 4.13 Counterparts. This Agreement may be executed in any number of counterparts, each of
which will be deemed to be an original and all of which together will be deemed to be one and the same instrument. 
 Section 4.14
Effectiveness. This Agreement shall become effective, as to any Investor, as of the date signed by the Company and countersigned by such Investor. 

Section 4.15 Company. The Company shall take all actions required to cause the Company and its successors or assigns to
(a) become bound by and subject to the terms of this Agreement and (b) comply with all its obligations hereunder. 
 [Remainder
of Page Intentionally Left Blank] 
  

  
 22 

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

			
	COMPANY:
	
	BUMBLE INC.
		
	By:	 	  

	Name:	 	Laura Franco
	Title:	 	Chief Legal and Compliance Officer

  

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	BLACKSTONE INVESTOR:
	
	BLACKSTONE BUZZ HOLDINGS L.P.
		
	By:	 	BTO Holdings Manager – NQ L.L.C., its general partner
		
	By:	 	Blackstone Tactical Opportunities Associates – NQ L.L.C., its managing member
		
	By:	 	BTOA – NQ L.L.C., its sole member
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BLACKSTONE TACTICAL OPPORTUNITIES FUND – FD L.P.
		
	By:	 	Blackstone Tactical Opportunities Associates III – NQ L.P., its general partner
		
	By:	 	BTO DE GP – NQ L.L.C., its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BLACKSTONE FAMILY INVESTMENT PARTNERSHIP – GROWTH ESC L.P.
		
	By:	 	BXG Side-by-Side GP L.L.C., its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	BCP BUZZ HOLDINGS L.P.
		
	By:	 	BCP VII Holdings Manager – NQ L.L.C., its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BTO BUZZ HOLDINGS II L.P.
		
	By:	 	BTO Holdings Manager L.L.C., its general partner
		
	By:	 	Blackstone Tactical Opportunities Associates L.L.C., its managing member
		
	By:	 	BTOA L.L.C., its managing member
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BXG BUZZ HOLDINGS L.P.
		
	By:	 	BXG Holdings Manager L.L.C., its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	BSOF BUZZ AGGREGATOR L.L.C.
		
	By:	 	Blackstone Strategic Opportunity Associates L.L.C., its managing member
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	FOUNDER INVESTOR:
	
	BEEHIVE HOLDINGS III, LP
		
	By:	 	Beehive Holdings Management III, LLC,
		 	its general partner
		
	By:	 	  

	Name:	 	Whitney Wolfe Herd
	Title:	 	Sole Member

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	ACCEL INVESTOR:
	
	ACCEL GROWTH FUND V L.P.
		
	By:	 	Accel Growth Fund V Associates L.L.C., its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ACCEL GROWTH FUND V STRATEGIC PARTNERS L.P.
		
	By:	 	Accel Growth Fund V Associates L.L.C., its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ACCEL GROWTH FUND V INVESTORS (2019) L.L.C.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ACCEL LEADERS FUND II L.P.
		
	By:	 	Accel Leaders Fund II Associates L.L.C., its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	ACCEL LEADERS FUND II STRATEGIC PARTNERS L.P.
		
	By:	 	Accel Leaders Fund II Associates L.L.C., its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ACCEL LEADERS FUND II INVESTORS (2019) L.L.C.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Registration Rights Agreement] 

 EXHIBIT A 

REGISTRATION RIGHTS AGREEMENT JOINDER 

The undersigned is executing and delivering this Joinder Agreement pursuant to the Registration Rights Agreement, dated as of [_], 2021, by
and among Bumble Inc., a Delaware corporation (the “Company”), and the other parties thereto, as amended and restated, restated, amended, supplemented or otherwise modified from time to time (the “Registration Rights
Agreement”). Capitalized terms used, but not defined, in this Joinder Agreement shall have the meanings ascribed to them in the Registration Rights Agreement. 

By executing and delivering to the Company this Joinder Agreement, the undersigned hereby agrees to become a party to the Registration Rights
Agreement, to succeed to all of the rights and obligations of an “Investor” and to be fully bound by, and subject to, all of the covenants, terms and conditions of the Registration Rights Agreement as though an original party thereto. 

Accordingly, the undersigned has executed and delivered this Joinder Agreement as of the [___] day of [___________], 20[__]. 

 

			
	[NAME]
		
	By:	 	
                     

	Name:	 	
	Title:	 	

 
			
	
	Address for notice purposes in accordance with Section 4.1 of the Registration Rights Agreement:
		 	
	  

	
	  

	Attention:	 	          

	Email:	 	  

 ACKNOWLEDGED AND AGREED TO 
  

			
	BUMBLE INC.
		
	By:	 	      

	Name:	 	
	Title:

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