<SEC-DOCUMENT>0000950103-25-002620.txt : 20250227
<SEC-HEADER>0000950103-25-002620.hdr.sgml : 20250227
<ACCEPTANCE-DATETIME>20250227164635
ACCESSION NUMBER:		0000950103-25-002620
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250227
DATE AS OF CHANGE:		20250227

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIGS, Inc.
		CENTRAL INDEX KEY:			0001846576
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-92580
		FILM NUMBER:		25680059

	BUSINESS ADDRESS:	
		STREET 1:		2834 COLORADO AVENUE
		STREET 2:		SUITE 100
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90404
		BUSINESS PHONE:		420-500-8209

	MAIL ADDRESS:	
		STREET 1:		2834 COLORADO AVENUE
		STREET 2:		SUITE 100
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90404

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BAMCO INC /NY/
		CENTRAL INDEX KEY:			0001017918
		ORGANIZATION NAME:           	
		IRS NUMBER:				133390015
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		767 FIFTH AVENUE
		STREET 2:		49TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153
		BUSINESS PHONE:		2125832000

	MAIL ADDRESS:	
		STREET 1:		767 FIFTH AVENUE
		STREET 2:		49TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
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      <amendmentNo>4</amendmentNo>
      <securitiesClassTitle>Class A Common Stock</securitiesClassTitle>
      <dateOfEvent>02/26/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
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        <issuerCUSIP>30260D103</issuerCUSIP>
        <issuerName>FIGS, Inc.</issuerName>
        <address>
          <com:street1>2834 COLORADO AVENUE</com:street1>
          <com:street2>SUITE 100</com:street2>
          <com:city>SANTA MONICA</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>90404</com:zipCode>
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      <authorizedPersons>
        <notificationInfo>
          <personName>Patrick M. Patalino</personName>
          <personPhoneNum>(212) 583-2119</personPhoneNum>
          <personAddress>
            <com:street1>Baron Capital Group, Inc.</com:street1>
            <com:street2>767 Fifth Avenue, 49th Floor</com:street2>
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        <citizenshipOrOrganization>NY</citizenshipOrOrganization>
        <soleVotingPower>27833825.00</soleVotingPower>
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        <percentOfClass>32.43</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
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      <reportingPersonInfo>
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        <percentOfClass>3.89</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001012688</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Ronald Baron</reportingPersonName>
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        <sharedDispositivePower>58671584.00</sharedDispositivePower>
        <aggregateAmountOwned>58671584.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>36.32</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <typeOfReportingPerson>HC</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Baron Capital Group, Inc</reportingPersonName>
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        <citizenshipOrOrganization>NY</citizenshipOrOrganization>
        <soleVotingPower>27833825.00</soleVotingPower>
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        <aggregateAmountOwned>58671584.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>36.32</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <typeOfReportingPerson>HC</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0000810902</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Baron Growth Fund</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>AF</fundType>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>MA</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>12368569.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>12368569.00</sharedDispositivePower>
        <aggregateAmountOwned>12368569.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>7.66</percentOfClass>
        <typeOfReportingPerson>IV</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001217673</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Baron Focused Growth Fund</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>AF</fundType>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>8493569.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>8493569.00</sharedDispositivePower>
        <aggregateAmountOwned>8493569.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>5.26</percentOfClass>
        <typeOfReportingPerson>IV</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Class A Common Stock</securityTitle>
        <issuerName>FIGS, Inc.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>2834 COLORADO AVENUE</com:street1>
          <com:street2>SUITE 100</com:street2>
          <com:city>SANTA MONICA</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>90404</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 4 (this "Amendment") amends and supplements that statement on Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission on December 31, 2024 (the "Original Schedule 13D"), as amended by the Amendment No. 1, filed on January 7, 2025 ("Amendment No. 1"), the Amendment No. 2, filed on January 14, 2025 ("Amendment No. 2") and the Amendment No. 3, filed on February 21, 2025 ("Amendment No. 3" and, together with the Original Schedule 13D, Amendment No. 1, Amendment No. 2 and this Amendment, the "Schedule 13D"), that relates to the shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), of FIGS, Inc., a Delaware corporation (the "Issuer"). The Issuer's principal executive offices are located at 2834 Colorado Avenue, Suite 100, Santa Monica, California 90404. Except as provided herein, all Items of the Original Schedule 13D (as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3) remain unchanged and this Amendment does not modify any information previously reported on the Original Schedule 13D, Amendment No. 1, Amendment No. 2 and Amendment No. 3.</commentText>
      </item1>
      <item6>
        <contractDescription>Item 6 of the Scheduled 13D (as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3) is hereby amended and supplemented to include the following:

Stockholders Agreement

On February 26, 2025, Baron Capital Management, Inc. ("BCM") and BAMCO (together with BCM, "Baron") entered into a Stockholders Agreement with the Issuer (the "Stockholders Agreement") pursuant to the terms of the Binding Term Sheet dated as of January 13, 2025 (as previously filed). Pursuant to the Stockholders Agreement, the parties agreed to certain standstill restrictions, transfer restrictions, voting cutbacks and registration rights provisions, as summarized below.

Standstill Restrictions

From and after January 13, 2025 until the date that Baron and its affiliates (collectively, the "Stockholder Group") cease to hold at least 17.5% of the outstanding shares of the Class A Common Stock, Baron agrees that it will not, and it will cause its affiliates not to, purchase any equity securities of the Issuer without the Issuer's prior written consent. This restriction does not apply to the shares of Class A Common Stock that Baron has acquired under the Agreement.

Additionally, from January 13, 2025 until the earlier to occur of (i) the time and date of the Final Conversion Event (as defined in Section 7.4 of Article IV.A. of the Amended and Restated Certificate of Incorporation of the Issuer dated June 1, 2021), (ii) the date that Catherine Spear ceases to be the Chief Executive Officer or Co-Chief Executive Officer of the Issuer and (iii) the date that the Stockholder Group ceases to hold at least 17.5% of the outstanding shares of Class A Common Stock (such period, the "Standstill Period"), the Stockholder Group agrees to abide by certain other standstill restrictions, including restrictions on participating in a proxy contest and engaging in or facilitating extraordinary transactions with the Issuer (subject to certain limited exceptions).

Transfer Restrictions

During the Standstill Period, the Stockholder Group agrees that it will not transfer any of the Put-Call Shares, except under certain circumstances, including (i) with the Issuer's prior written consent, (ii) to a wholly owned subsidiary of BCM or any other entity controlled or managed by BAMCO or a subsidiary thereof or (iii) in connection with a redemption of interests by an investor in an entity holding Put-Call Shares.

Voting Cutback

The Stockholder Group is entitled to vote up to twenty-five percent (25%) of the Issuer's then-outstanding shares of Class A Common Stock (the "Voting Threshold"), in its sole and absolute discretion. During the Standstill Period, however, any Put-Call Shares that it owns in excess of the Voting Threshold must be voted in favor of all persons nominated to serve as directors of the Issuer by the board of directors of the Issuer.

Registration Rights

The Stockholders Agreement provides the Stockholder Group with customary demand, piggyback and shelf registration rights.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>99.5 Stockholders Agreement, dated as of February 26, 2025, by and among the Issuer, Baron Capital Management, Inc. and BAMCO, Inc.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>BAMCO INC /NY/</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ronald Baron</signature>
          <title>Ronald Baron/Chairman and CEO</title>
          <date>02/27/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Baron Capital Management, Inc</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ronald Baron</signature>
          <title>Ronald Baron/Chairman and CEO</title>
          <date>02/27/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Ronald Baron</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ronald Baron</signature>
          <title>Ronald Baron/Individually</title>
          <date>02/27/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Baron Capital Group, Inc</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ronald Baron</signature>
          <title>Ronald Baron/Chairman and CEO</title>
          <date>02/27/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Baron Growth Fund</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ronald Baron</signature>
          <title>Ronald Baron/CEO</title>
          <date>02/27/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Baron Focused Growth Fund</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ronald Baron</signature>
          <title>Ronald Baron/CEO</title>
          <date>02/27/2025</date>
        </signatureDetails>
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<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>2
<FILENAME>dp225236_ex9905.htm
<DESCRIPTION>EXHIBIT 99.5
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>Execution Version</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">STOCKHOLDERS AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>by and among</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>FIGS, INC., </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>BARON CAPITAL MANAGEMENT,
INC., </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>and </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>BAMCO, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dated as of February 26, 2025</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CONTENTS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><B>&#9;Page</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>Article I GOVERNANCE</B></FONT></TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">1.1</FONT></TD>
    <TD STYLE="width: 65%"><FONT STYLE="font-size: 10pt">Voting Agreement</FONT></TD>
    <TD STYLE="width: 20%; text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>Article II TRANSFERS; STANDSTILL PROVISIONS</B></FONT></TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">2.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Transfer Restrictions</FONT></TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">2.2</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Standstill Provisions</FONT></TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>Article III REPRESENTATIONS AND WARRANTIES</B></FONT></TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">3.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Representations and Warranties of BCM, BAMCO and the applicable Transferees</FONT></TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">3.2</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Representations and Warranties of the Company</FONT></TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>Article IV REGISTRATION</B></FONT></TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Demand Registrations</FONT></TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.2</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Piggyback Registrations</FONT></TD>
    <TD STYLE="text-align: right">6</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.3</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Shelf Registration Statement</FONT></TD>
    <TD STYLE="text-align: right">7</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.4</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Withdrawal Rights</FONT></TD>
    <TD STYLE="text-align: right">9</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.5</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Holdback Agreements</FONT></TD>
    <TD STYLE="text-align: right">9</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.6</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Registration Procedures</FONT></TD>
    <TD STYLE="text-align: right">9</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.7</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Registration Expenses</FONT></TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.8</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Miscellaneous</FONT></TD>
    <TD STYLE="text-align: right">14</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.9</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Registration Indemnification</FONT></TD>
    <TD STYLE="text-align: right">14</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.10</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Free Writing Prospectuses</FONT></TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">4.11</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Termination of Registration Rights</FONT></TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>Article V DEFINITIONS</B></FONT></TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">5.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Defined Terms</FONT></TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">5.2</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Interpretation</FONT></TD>
    <TD STYLE="text-align: right">20</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>Article VI MISCELLANEOUS</B></FONT></TD>
    <TD STYLE="text-align: right">20</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Termination</FONT></TD>
    <TD STYLE="text-align: right">20</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.2</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Notices</FONT></TD>
    <TD STYLE="text-align: right">20</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.3</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Stockholder Actions</FONT></TD>
    <TD STYLE="text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.4</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Equitable Adjustments</FONT></TD>
    <TD STYLE="text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.5</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Amendments and Waivers</FONT></TD>
    <TD STYLE="text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.6</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Successors and Assigns</FONT></TD>
    <TD STYLE="text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.7</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Severability</FONT></TD>
    <TD STYLE="text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.8</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Counterparts</FONT></TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.9</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Entire Agreement</FONT></TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.10</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Governing Law; Jurisdiction</FONT></TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.11</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">WAIVER OF JURY TRIAL</FONT></TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.12</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Specific Performance</FONT></TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">6.13</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">No Third Party Beneficiaries</FONT></TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">6.14</FONT></TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt">Obligation to Update Annex A</FONT></TD>
    <TD STYLE="text-align: right">23</TD></TR>
  </TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>STOCKHOLDERS AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>STOCKHOLDERS AGREEMENT</B>, dated as of February
26, 2025 (this &ldquo;<U>Agreement</U>&rdquo;), by and among FIGS, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), Baron
Capital Management, Inc., a New York corporation (&ldquo;<U>BCM</U>&rdquo;) and BAMCO, Inc., a New York corporation (&ldquo;<U>BAMCO</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RECITALS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on January
7, 2025, BAMCO entered into that certain Put-Call Agreement (the &ldquo;<U>Put-Call Agreement</U>&rdquo;) with Thomas J. Tull (&ldquo;<U>Tull</U>&rdquo;),
in his individual capacity, Tull in his capacity as trustee of the Tull Family Trust, u/a/d August 1, 2005, as amended, and First Light
Investors, LLC (collectively with Tull, the &ldquo;<U>Tull Sellers</U>&rdquo;), pursuant to which (i) on January 13, 2025 (the &ldquo;<U>Term
Sheet Date</U>&rdquo;), BAMCO purchased from the Tull Sellers 19,039,999 shares of Class A Common Stock (the &ldquo;<U>Tranche 1 Shares</U>&rdquo;)
and (ii) on February 20, 2025, BAMCO purchased from the Tull Sellers 8,793,826 shares of Class A Common Stock (the &ldquo;<U>Tranche 2
Shares</U>&rdquo; and, together with the Tranche 1 Shares, the &ldquo;<U>Put-Call Shares</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on the Term
Sheet Date, the Company, BCM and BAMCO entered into that certain Binding Term Sheet (the &ldquo;<U>Term Sheet</U>&rdquo;), which set forth
certain agreements and memorialized certain terms to be agreed to by and among the Company and Baron pursuant to this Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, in accordance
with the Term Sheet, the parties hereto desire to enter into this Agreement to provide for certain rights and obligations associated with
the Stockholder Group&rsquo;s ownership of Class A Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>, in
consideration of the mutual covenants, representations, warranties and agreements contained in this Agreement, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties agree
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><B>Article
I<BR>
GOVERNANCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Voting
Agreement</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>During
the Standstill Period, the Stockholder Group shall be entitled to vote the shares of Class A Common Stock owned by it or any of its Permitted
Transferees or over which it or any of its Permitted Transferees has voting control (&ldquo;<U>Controlled Shares</U>&rdquo;), up to twenty-five
percent (25%) of the Company&rsquo;s then-outstanding shares of Class A Common Stock (the &ldquo;<U>Voting Threshold</U>&rdquo;), in
its sole and absolute discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>During
the Standstill Period, the Stockholder Group shall cause any Put-Call Shares in excess of the Voting Threshold to be voted (including,
if applicable, through the execution of one or more written consents if stockholders of the Company are requested to vote through the
execution of an action by written consent in lieu of any such annual or special meeting of stockholders of the Company) in favor of all
those persons nominated to serve as directors of the Company by the board of directors of the Company (the &ldquo;<U>Board</U>&rdquo;)
or its Nominating and Corporate Governance Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><B>Article
II<BR>
TRANSFERS; STANDSTILL PROVISIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Transfer
Restrictions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary contained herein, including<U>&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>Article
IV</U>, during the Standstill Period, the Stockholder Group shall not Transfer any Put-Call Shares other than in a Permitted Transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Permitted Transfers</U>&rdquo; means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>so long as such Transfer is in accordance with Applicable Law, a Transfer of Put-Call Shares to a Permitted Transferee, so long
as such Permitted Transferee, to the extent it has not already done so, executes a joinder to this Agreement, in the form attached hereto
as <U>Annex B</U>, in which such Permitted Transferee agrees to be a member of the Stockholder Group as set forth therein (a &ldquo;<U>Joinder</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a Transfer of Put-Call Shares in connection with a transaction approved by the Board;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>a Permitted Distribution in Kind;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>a Transfer of Put-Call Shares as a result of a Transfer of interests in any entity of which BAMCO, a wholly-owned subsidiary of
BAMCO or any other Person in which a wholly-owned subsidiary of BAMCO serves as a general partner, managing member or equivalent controlling
Person; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>a Transfer as a result of any changes in the ownership of BCM or BAMCO or any Person controlling or having ownership interest in
BCM or BAMCO, directly or indirectly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">For the avoidance of doubt, a Transfer of any interests
in any member of the Stockholder Group that does not result in a Transfer of Put-Call Shares shall not be deemed a Transfer of Put-Call
Shares that is restricted by this <U>Section <FONT STYLE="font-size: 10pt">&lrm;</FONT>2.1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any Transfer or attempted Transfer of Put-Call Shares in violation of this <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>2.1</U>
shall, to the fullest extent permitted by law, be null and void <I>ab initio</I>, and the Company shall not, and shall instruct its transfer
agent and other third parties not to, record or recognize any such purported transaction on the share register or other books and records
of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Standstill Provisions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>During the period of time beginning on the Term Sheet Date and ending on the Transfer Termination Date, the Stockholder Group shall
not, directly or indirectly, without the prior written consent of, or waiver by, the Company, (i) acquire, or agree to acquire, propose
or offer to acquire, or facilitate the acquisition (including through Beneficial Ownership) of, Equity Securities or derivative long equity
instruments of the Company (other than (x) Equity Securities covered by the Put-Call Agreement, (y) pursuant to a Permitted Transfer,
or (z) as a result of a stock split, stock dividend or distribution, other subdivision, reorganization, reclassification or similar capital
transaction involving Equity Securities of the Company); or (ii) make any proposal or statement of inquiry or disclose any intention,
plan or arrangement inconsistent with any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>During the Standstill Period, the Stockholder Group shall not, directly or indirectly, (x) without the prior written consent of,
or waiver by, the Company or (y) except to the extent necessary for Baron, or an affiliated investment adviser of Baron, to comply with
its fiduciary duties (after consultation with outside legal counsel) with respect to its client accounts that hold Controlled Shares that
are not Put-Call Shares:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>deposit any securities of the Company in a voting trust or similar Contract or subject any securities of the Company to any voting
agreement, pooling arrangement or similar arrangement, or grant any proxy with respect to any securities of the Company (in each case,
other than (A) pursuant to <U>Section <FONT STYLE="font-size: 10pt">&lrm;</FONT>1.1</U>, (B) otherwise to the Company or a person specified
by the Company in a proxy card (paper or electronic) provided to stockholders of the Company by or on behalf of the Company or (C) solely
between or among, or to, as applicable, the Stockholder Group and/or any of its Controlled Affiliates);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>enter, agree to enter, propose or offer to enter into or facilitate any merger, business combination, recapitalization, restructuring,
change in control transaction or other similar extraordinary transaction involving the Company or any of its subsidiaries (unless (A)
such transaction is</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">affirmatively publicly
recommended or otherwise approved by the Board, or (B) such action is a Permitted Transfer);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>make, or in any way participate or engage in, any &ldquo;solicitation&rdquo; of &ldquo;proxies&rdquo; (as such terms are used in
the proxy rules of the Commission) to vote;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>call,
or seek to call, a meeting of the stockholders of the Company or initiate any stockholder proposal for action by stockholders of the
Company; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make any proposal or statement of inquiry or disclose any intention, plan or arrangement inconsistent with any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding the foregoing, a member of the Stockholder Group may make a private proposal to the Company, the Board (or any
committee thereof) or the Company&rsquo;s Chief Executive Officer, in each case, so long as any such private proposal would not reasonably
be expected to give rise to a public disclosure obligation on the part of the Stockholder Group or the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><B>Article
III<BR>
REPRESENTATIONS AND WARRANTIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Representations
and Warranties of BCM, BAMCO and the applicable Transferees</U>. Each of BCM and BAMCO (and any Transferee of Class A Common Stock that
becomes a party to this Agreement pursuant to a Joinder) (severally as to itself and not jointly and severally) hereby represents and
warrants to the Company as follows as of the date hereof (or, in the case of a Transferee of Class A Common Stock that becomes a party
to this Agreement pursuant to a Joinder, as of the date the Joinder pursuant to which such Transferee shall have become a party to this
Agreement):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It Beneficially Owns and owns of record the number of shares of Class A Common Stock as listed on <U>Annex A</U> (or, in the case
of a Joinder, as listed on an annex to such Joinder) opposite its name and such shares constitute all of the Equity Securities and Derivative
Instruments of the Company Beneficially Owned or owned of record by it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It has been duly formed, is validly existing and, where such concept is applicable, is in good standing under the laws of its jurisdiction
of organization, and has all requisite power and authority to execute and deliver this Agreement and to perform its obligations under
this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution and delivery by it of this Agreement and the performance by it of its obligations under this Agreement do not and
will not conflict with or violate any provision of, or require the consent or approval of any Person (except for any such consents or
approvals which have been obtained) under, (x) Applicable Law, (y) its organizational documents or (z) any Contract to which it is a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
execution and delivery by it of this Agreement and the performance by it of its obligations under this Agreement have been duly authorized
by all necessary corporate or other analogous action on its part. This Agreement has been duly executed and delivered by it and, assuming
the due authorization, execution and delivery by the other parties hereto, constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms, subject to bankruptcy, insolvency and other laws of general applicability relating to or affecting
creditors&rsquo; rights and to general principles of equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Representations and Warranties of the Company</U>. The Company hereby represents and warrants to Baron as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company is a corporation, duly incorporated, validly existing and in good standing under the laws of the State of Delaware.
The Company has all requisite power and authority to execute and deliver this Agreement and to perform its obligations under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
execution and delivery by the Company of this Agreement and the performance by the Company of its obligations under this Agreement do
not and will not conflict with or violate any provision of, or require the consent or approval of any Person (except for any such consents
or approvals which have been obtained) under, (x) Applicable Law, (y) the organizational documents of the Company or (z) any Contract
to which the Company or any of its subsidiaries is a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution and delivery by the Company of this Agreement and the performance by the Company of its obligations under this Agreement
have been duly authorized by all necessary corporate action on the part of the Company. This Agreement has been duly executed and delivered
by the Company and, assuming the due authorization, execution and delivery by the other parties hereto, constitutes a legal, valid and
binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency and
other laws of general applicability relating to or affecting creditors&rsquo; rights and to general principles of equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><B>Article
IV<BR>
REGISTRATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Demand Registrations</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>From and after the date hereof, subject to the terms and conditions hereof (x) solely during any period that the Company is then-ineligible
under Applicable Law to register Registrable Securities on Form S-3 or, if the Company is so eligible but has failed to comply with its
obligations under Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;&lrm;</FONT>4.3 or (y) following the expiration of the Company&rsquo;s
obligation to keep the Shelf Registration Statement continuously effective pursuant to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(c),
but only if there is no Shelf Registration Statement then in effect, any Demand Stockholders (&ldquo;<U>Requesting Stockholders</U>&rdquo;)
shall be entitled to make an unlimited number of written requests of the Company (each, a &ldquo;<U>Demand</U>&rdquo;) for registration
under the Securities Act of an amount of Registrable Securities then held by such Requesting Stockholders that equals or is greater than
the Registrable Amount (a &ldquo;<U>Demand Registration</U>&rdquo; and such registration statement, a &ldquo;<U>Demand Registration Statement</U>&rdquo;).
Thereupon, the Company will, subject to the terms of this Agreement, use its commercially reasonable efforts to effect the registration
as promptly as practicable under the Securities Act of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the Registrable Securities which the Company has been so requested to register by the Requesting Stockholders for disposition in
accordance with the intended method of disposition stated in such Demand;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all other Registrable Securities which the Company has been requested to register pursuant to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(b),
but subject to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(g); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all shares of Class A Common Stock which the Company may elect to register in connection with any offering of Registrable Securities pursuant
to this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1, but subject to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(g);
all to the extent necessary to permit the disposition (in accordance with the intended methods thereof) of the Registrable Securities
and the additional shares of Class A Common Stock, if any, to be so registered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>A
Demand shall specify: (i) the aggregate number of Registrable Securities requested to be registered in such Demand Registration, (ii)
the intended method of disposition in connection with such Demand Registration, to the extent then known, and (iii) the identity of the
Requesting Stockholder(s). Within ten (10) Business Days after receipt of a Demand, the Company shall give written notice of such Demand
to all other holders of Registrable Securities. The Company shall include in the Demand Registration covered by such Demand all Registrable
Securities with respect to which the Company has received a written request for inclusion therein within ten (10) Business Days after
the Company&rsquo;s notice required by this paragraph has been given, subject to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(g).
Each such written request shall comply with the requirements of a Demand as set forth in this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>A
Demand Registration shall not be deemed to have been effected and shall not count as a Demand Registration (i) unless the Demand Registration
Statement with respect thereto has become effective and has remained effective for a period of at least one hundred twenty (120) days
or such shorter period in which all Registrable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Securities included in such
Demand Registration have actually been sold or otherwise disposed of thereunder (<U>provided</U>, that such period shall be extended for
a period of time equal to the period the holders of Registrable Securities refrain from selling any securities included in such registration
statement at the request of the Company or the lead managing underwriter(s) pursuant to the provisions of this Agreement) or (ii) if,
after it has become effective, such Demand Registration becomes subject, prior to one hundred twenty (120) days after effectiveness, to
any stop order, injunction or other order or requirement of the Commission or other Governmental Authority, other than by reason of any
act or omission by the applicable Selling Stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Demand Registrations shall be on such appropriate registration form of the Commission as shall be selected by the Company and reasonably
acceptable to the Requesting Stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company shall not be obligated to effect any Demand Registration (A) within one hundred twenty (120) days of a &ldquo;firm
commitment&rdquo; Underwritten Offering in which all Demand Stockholders were offered &ldquo;piggyback&rdquo; rights pursuant to Section
4.2 (subject to Section 4.2(b)) and at least fifty percent (50%) of the number of Registrable Securities requested by such Demand Stockholders
to be included in such Demand Registration were included, (B) within one hundred twenty (120) days of the completion of any other Demand
Registration (including, for the avoidance of doubt, any Underwritten Offering pursuant to any Shelf Registration Statement) or (C) if,
in the Company&rsquo;s reasonable judgment, it is not feasible for the Company to proceed with the Demand Registration because of the
unavailability of audited or other required financial statements of the Company or any other Person; <U>provided</U>, that the Company
shall use its commercially reasonable efforts to obtain such financial statements as promptly as practicable and shall as promptly as
practicable effect such Demand Registration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company shall be entitled to (1) postpone (upon written notice to the Demand Stockholders) the filing or the effectiveness
of a registration statement for any Demand Registration and (2) suspend the use of the prospectus forming the part of any registration
statement, in each case in the event of a Blackout Period until the expiration of the applicable Blackout Period. In the event of a Blackout
Period under clause&nbsp;(ii) of the definition thereof, the Company shall deliver to the Demand Stockholders requesting registration
a certificate signed by either the chief executive officer or the chief financial officer of the Company certifying that, in the good
faith judgment of the Company, the conditions described in clause&nbsp;(ii) of the definition of Blackout Period are met. Such certificate
shall contain an approximation of the anticipated delay. Upon notice by the Company to the Demand Stockholders of any such determination,
each Demand Stockholder covenants that, subject to Applicable Law, it shall keep the fact of any such notice strictly confidential, and,
in the case of a Blackout Period pursuant to clause&nbsp;(ii)(y) of the definition of Blackout Period, promptly halt any offer, sale,
trading or other Transfer by it or any of its Affiliates of any Registrable Securities for the duration of the Blackout Period set forth
in such notice (or until such Blackout Period shall be earlier terminated in writing by the Company) and promptly halt any use, publication,
dissemination or distribution of the Demand Registration Statement, each prospectus included therein, and any amendment or supplement
thereto by it and any of its Affiliates for the duration of the Blackout Period set forth in such notice (or until such Blackout Period
shall be earlier terminated in writing by the Company) and, if so directed in writing by the Company, will deliver to the Company any
copies then in the Demand Stockholder&rsquo;s possession of the prospectus covering such Registrable Securities that was in effect at
the time of receipt of such notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If, in connection with a Demand Registration that involves an Underwritten Offering, the lead managing underwriter(s) advise(s)
the Company that, in its (their) opinion, the inclusion of all of the securities sought to be registered in connection with such Demand
Registration would adversely affect the success thereof, then the Company shall include in such registration statement only such securities
as the Company is advised by such lead managing underwriter(s) can be sold without such adverse effect as follows and in the following
order of priority: (i) first, up to the number of Registrable Securities requested to be included in such Demand Registration by the Demand
Stockholders, which, in the opinion of the lead managing underwriter(s), can be sold without adversely affecting the success thereof,
allocated in a manner to be determined by the Demand Stockholders participating in such Demand Registration; (ii) second, securities the
Company proposes to sell; and (iii) third, all other securities of the Company duly requested to be included in such registration statement,
pro rata on the basis of the amount of such other securities requested to be included or such other allocation method determined by the
Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Any time that a Demand Registration involves an Underwritten Offering, the Requesting Stockholder(s) shall select the investment
banker(s) and manager(s) that will serve as managing underwriters (including which such managing underwriters will serve as lead or co-lead)
and underwriters with respect to the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">offering of such Registrable
Securities; <U>provided</U>, that such investment banker(s) and manager(s) shall be reasonably acceptable to the Company (such acceptance
not to be unreasonably withheld, conditioned or delayed).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If any Demand Stockholder so elects, a Demand Registration may involve a Permitted Distribution in Kind, and the Company will reasonably
facilitate such distribution in the manner reasonably requested by such Demand Stockholder and in compliance with the Securities Act and
the Exchange Act, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Piggyback
Registrations</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>From and after the date hereof, subject to the terms and conditions hereof, whenever the Company proposes to register any Class
A Common Stock (or any other securities that are of the same class or series as any Registrable Securities that are not shares of Class
A Common Stock) under the Securities Act (other than a registration by the Company (i) on Form S-4 or any successor form thereto, (ii)
on Form S-8 or any successor form thereto or (iii) pursuant to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1) (a &ldquo;<U>Piggyback
Registration</U>&rdquo;), whether for its own account or for the account of others, the Company shall give all Demand Stockholders prompt
written notice thereof (but not less than five (5) Business Days prior to the filing by the Company with the Commission of any registration
statement with respect thereto). Such notice (a &ldquo;<U>Piggyback Notice</U>&rdquo;) shall specify the number of shares of Class A Common
Stock (or other securities, as applicable) proposed to be registered, the proposed date of filing of such registration statement with
the Commission, the proposed means of distribution and the proposed managing underwriter(s) (if any) and a good faith estimate by the
Company of the proposed minimum offering price of such shares of Class A Common Stock (or other securities, as applicable), in each case
to the extent then known. Subject to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.2(b), the Company shall include in each
such Piggyback Registration all Registrable Securities held by Demand Stockholders (a &ldquo;<U>Piggyback Seller</U>&rdquo;) with respect
to which the Company has received written requests (which written requests shall specify the number of Registrable Securities requested
to be disposed of by such Piggyback Seller) for inclusion therein within three (3) days after such Piggyback Notice is received by such
Piggyback Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If, in connection with a Piggyback Registration that involves an Underwritten Offering, the lead managing underwriter(s) advise(s)
the Company that, in its opinion, the inclusion of all the securities sought to be included in such Piggyback Registration by (i) the
Company, (ii) other Persons who have sought to have shares of Class A Common Stock registered in such Piggyback Registration pursuant
to rights to demand (other than pursuant to so-called &ldquo;piggyback&rdquo; or other incidental or participation registration rights)
such registration (such Persons being &ldquo;<U>Other Demanding Sellers</U>&rdquo;), (iii) the Piggyback Sellers and (iv) any other proposed
sellers of shares of Class A Common Stock (such Persons being &ldquo;<U>Other Proposed Sellers</U>&rdquo;), as the case may be, would
adversely affect the success thereof, then the Company shall include in the registration statement applicable to such Piggyback Registration
only such securities as the Company is so advised by such lead managing underwriter(s) can be sold without such an effect, as follows
and in the following order of priority:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the Piggyback Registration relates to an offering for the Company&rsquo;s own account, then (A) first, such number of shares
of Class A Common Stock (or other securities, as applicable) to be sold by the Company as the Company, in its reasonable judgment, shall
have determined, (B) second, Registrable Securities of Piggyback Sellers, pro rata on the basis of the number of Registrable Securities
proposed to be sold by such Piggyback Sellers, (C) third, shares of Class A Common Stock sought to be registered by Other Demanding Sellers,
pro rata on the basis of the number of shares of Class A Common Stock proposed to be sold by such Other Demanding Sellers and (D) fourth,
other shares of Class A Common Stock proposed to be sold by any Other Proposed Sellers; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if
the Piggyback Registration relates to an offering other than for the Company&rsquo;s own account, then (A) first, such number of shares
of Class A Common Stock (or other securities, as applicable) sought to be registered by each Other Demanding Seller pro rata in proportion
to the number of securities sought to be registered by all such Other Demanding Sellers, (B) second, Registrable Securities of Piggyback
Sellers, pro rata on the basis of the number of Registrable Securities proposed to be sold by such Piggyback Sellers, (C) third, shares
of Class A Common Stock to be sold by the Company and (D) fourth, other shares of Class A Common Stock proposed to be sold by any Other
Proposed Sellers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For clarity, in connection with any Underwritten Offering under this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.2
for the Company&rsquo;s account, the Company shall not be required to include the Registrable Securities of a Piggyback Seller in</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">the Underwritten Offering unless
such Piggyback Seller accepts the terms of the underwriting as agreed upon between the Company and the lead managing underwriter(s), which
shall be selected by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If,
at any time after giving written notice of its intention to register any shares of Class A Common Stock (or other securities, as applicable)
as set forth in this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.2 and prior to the time the registration statement filed
in connection with such Piggyback Registration is declared effective, the Company shall determine for any reason not to register such
shares of Class A Common Stock (or other securities, as applicable), the Company may, at its election, give written notice of such determination
to the Piggyback Sellers as soon as reasonably practicable and thereupon shall be relieved of its obligation to register any Registrable
Securities in connection with such particular withdrawn or abandoned Piggyback Registration; <U>provided</U>, that, if permitted pursuant
to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1, the Demand Stockholders may continue the registration as a Demand Registration
pursuant to the terms of Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Shelf
Registration Statement</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>From and after the date hereof, subject to the terms and conditions hereof, and further subject to the availability of a registration
statement on Form S-3 or any successor form thereto (&ldquo;<U>Form S-3</U>&rdquo;) to the Company, any of the Demand Stockholders may
by written notice delivered to the Company (the &ldquo;<U>Shelf Notice</U>&rdquo;) require the Company to file as soon as reasonably practicable,
and to use commercially reasonable efforts to cause to be declared effective by the Commission as soon as reasonably practicable after
such filing date, a Form S-3 providing for an offering to be made on a continuous basis pursuant to Rule 415 under the Securities Act
relating to the offer and sale, from time to time, of an amount of Registrable Securities then held by such Demand Stockholders that equals
or is greater than the Registrable Amount (the &ldquo;<U>Shelf Registration Statement</U>&rdquo;). To the extent the Company is a well-known
seasoned issuer (as defined in Rule 405 under the Securities Act), the Company shall file the Shelf Registration Statement in the form
of an automatic shelf registration statement (as defined in Rule 405 under the Securities Act) or any successor form thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Within
ten (10) Business Days after receipt of a Shelf Notice pursuant to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(a), the
Company will deliver written notice thereof to all other holders of Registrable Securities. Each other holder of Registrable Securities
may elect to participate with respect to its Registrable Securities in the Shelf Registration Statement in accordance with the plan and
method of distribution set forth, or to be set forth, in such Shelf Registration Statement, including a Permitted Distribution in Kind,
by delivering to the Company a written request to so participate within ten (10) Business Days after the Shelf Notice is received by
any such holder of Registrable Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Subject to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(d), the Company will use its commercially reasonable efforts
to keep the Shelf Registration Statement continuously effective until the earlier of (i) the date on which all of the Registrable Securities
included in such Shelf Registration Statement have been sold; and (ii)&nbsp;the date on which this Agreement terminates pursuant to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>6.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding anything to the contrary contained in this Agreement, the Company shall be entitled, from time to time, by providing
written notice to the holders of Registrable Securities who elected to participate in the Shelf Registration Statement, to require such
holders of Registrable Securities to suspend the use of the prospectus for sales of Registrable Securities under the Shelf Registration
Statement during any Blackout Period. In the event of a Blackout Period under clause&nbsp;(ii) of the definition thereof, the Company
shall deliver to the Demand Stockholders requesting registration a certificate signed by either the chief executive officer or the chief
financial officer of the Company certifying that, in the good faith judgment of the Company, the conditions described in clause&nbsp;(ii)
of the definition of Blackout Period are met. Such certificate shall contain an approximation of the anticipated delay. Upon notice by
the Company to the Demand Stockholders of any such determination, each Demand Stockholder covenants that it shall, subject to Applicable
Law, keep the fact of any such notice strictly confidential, and, in the case of a Blackout Period pursuant to clause&nbsp;(ii)(y) of
the definition of Blackout Period, promptly halt any offer, sale, trading or other Transfer by it or any of its Affiliates of any Registrable
Securities for the duration of the Blackout Period set forth in such notice (or until such Blackout Period shall be earlier terminated
in writing by the Company) and promptly halt any use, publication, dissemination or distribution of the Shelf Registration Statement,
each prospectus included therein, and any amendment or supplement thereto by it and any of its Affiliates for the duration of the Blackout
Period set forth in such notice (or until such Blackout Period shall be earlier terminated in writing by the Company) and, if so directed
in writing by the Company, will deliver to the Company any copies then</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">in the Demand Stockholder&rsquo;s
possession of the prospectus covering such Registrable Securities that was in effect at the time of receipt of such notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>After the expiration of any Blackout Period and without any further request from a holder of Registrable Securities, the Company,
to the extent necessary, shall as promptly as reasonably practicable prepare a post-effective amendment or supplement to the Shelf Registration
Statement or the prospectus, or any document incorporated therein by reference, or file any other required document so that, as thereafter
delivered to purchasers of the Registrable Securities included therein, the prospectus will not include an untrue statement of a material
fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>At any time that a Shelf Registration Statement is effective, if any Demand Stockholder delivers a notice to the Company (a &ldquo;<U>Take-Down
Notice</U>&rdquo;) stating that it intends to sell all or part of its Registrable Securities included by it (which Take-Down Notice shall
specify the maximum number of Registrable Securities intended to be sold by such Demand Stockholder) on the Shelf Registration Statement
(a &ldquo;<U>Shelf Offering</U>&rdquo;), then the Company shall amend or supplement the Shelf Registration Statement as may be necessary
in order to enable such Registrable Securities to be distributed pursuant to the Shelf Offering (taking into account, solely in connection
with a Marketed Underwritten Shelf Offering, the inclusion of Registrable Securities by any other holders pursuant to this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3).
In connection with any Shelf Offering that is an Underwritten Offering and where the plan of distribution set forth in the applicable
Take-Down Notice includes a customary &ldquo;road show&rdquo; (including an &ldquo;electronic road show&rdquo;) or other substantial marketing
effort by the Company and the underwriters (a &ldquo;<U>Marketed Underwritten Shelf Offering</U>&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>such proposing Demand Stockholder(s) shall also deliver the Take-Down Notice to all other Demand Stockholders included on the Shelf
Registration Statement and permit each such holder to include its Registrable Securities included on the Shelf Registration Statement
in the Marketed Underwritten Shelf Offering if such holder notifies the proposing Demand Stockholder(s) and the Company within five (5)
days after delivery of the Take-Down Notice to such holder; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if the lead managing underwriter(s), which shall be selected by the proposing Demand Stockholder(s), subject to the Company&rsquo;s
prior approval (which shall not be unreasonably withheld, conditioned or delayed), advises the Company and the proposing Demand Stockholder(s)
that, in its opinion, the inclusion of all of the securities sought to be sold in connection with such Marketed Underwritten Shelf Offering
would adversely affect the success thereof, then there shall be included in such Marketed Underwritten Shelf Offering only such securities
as the proposing Demand Stockholder(s) is advised by such lead managing underwriter(s) can be sold without such adverse effect, and such
number of Registrable Securities shall be allocated in the same manner as described in Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(g).
Except as otherwise expressly specified in this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3, any Marketed Underwritten
Shelf Offering shall be subject to the same requirements, limitations and other provisions of this <FONT STYLE="font-size: 10pt">&lrm;</FONT>Article
IV as would be applicable to a Demand Registration (<I>i.e.</I>, as if such Marketed Underwritten Shelf Offering were a Demand Registration),
including Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(e) and Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(g).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If any Demand Stockholder so elects, a Shelf Offering may be in the form of a block sale to one or more financial institutions
for resale pursuant to a Shelf Registration Statement (a &ldquo;<U>Block Trade</U>&rdquo;). If a Demand Stockholder wishes to engage in
a Block Trade, the Demand Stockholder shall notify the Company five (5) Business Days prior to the day such Block Trade is to commence
(unless a longer period is agreed to by the Demand Stockholder). The Company shall use commercially reasonable efforts to facilitate any
Block Trade (which may close as early as two (2) Business Days after the date it commences) consistent with its obligations under this
Article&nbsp;4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Demand Stockholders may demand, pursuant to <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(f)</U> and <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(g)</U>,
(i)&nbsp;in the aggregate, not more than six (6) Shelf Offerings and (ii) not more than three (3) Shelf Offerings in any twelve (12) month
period. Additionally, the Company shall not be obligated to effect any Shelf Offering (A) within six (6) months of an Underwritten Offering
in which the Demand Stockholders were offered &ldquo;piggyback&rdquo; rights pursuant to Section 4.2 (subject to Section 4.2(b)) and at
least 80% of the number of Registrable Securities requested by the Demand Stockholders to be included in such Underwritten Offering were
included and sold or (B) within one hundred twenty (120) days of the completion of any Shelf Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If any Demand Stockholder so elects, a Shelf Offering may involve a Permitted Distribution in Kind, and the Company will reasonably
facilitate such distribution in the manner reasonably requested by such Demand Stockholder and in compliance with the Securities Act and
Exchange Act, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Withdrawal Rights</U>. Any holder of Registrable Securities having notified or directed the Company to include any or all of
its Registrable Securities in a registration statement under the Securities Act shall have the right to withdraw any such notice or direction
with respect to any or all of the Registrable Securities designated by it for registration by giving written notice to such effect to
the Company prior to the effective date of such registration statement. In the event of any such withdrawal, the Company shall not include
such Registrable Securities in the applicable registration and such Registrable Securities shall continue to be Registrable Securities
for all purposes of this Agreement (subject to the other terms and conditions of this Agreement). No such withdrawal shall affect the
obligations of the Company with respect to the Registrable Securities not so withdrawn; <U>provided</U>, <U>however</U>, that in the case
of a Demand Registration, if such withdrawal shall reduce the number of Registrable Securities sought to be included in such registration
below the Registrable Amount, then the Company shall as promptly as practicable give each Demand Stockholder seeking to register Registrable
Securities notice to such effect and, within ten (10) days following the mailing of such notice, such Demand Stockholder still seeking
registration shall, by written notice to the Company, elect to register additional Registrable Securities to satisfy the Registrable Amount
or elect that such registration statement not be filed or, if theretofore filed, be withdrawn. During such ten (10) day period, the Company
shall not file such registration statement if not theretofore filed or, if such registration statement has been theretofore filed, the
Company shall not seek, and shall use reasonable best efforts to prevent, the effectiveness thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Holdback Agreements</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Each member of the Stockholder Group agrees to enter into customary agreements restricting the sale or distribution of Equity Securities
of the Company (including sales pursuant to Rule 144 under the Securities Act) to the extent required in writing by the lead managing
underwriter(s) with respect to an applicable Underwritten Offering during the period commencing on the date of the request (which shall
be no earlier than fourteen (14) days prior to the expected &ldquo;pricing&rdquo; of such Underwritten Offering) and continuing for not
more than ninety (90) days after the date of the &ldquo;final&rdquo; prospectus (or &ldquo;final&rdquo; prospectus supplement if the Underwritten
Offering is made pursuant to a Shelf Registration Statement), pursuant to which such Underwritten Offering shall be made, plus an extension
period, as may be proposed by the lead managing underwriter(s) to address FINRA regulations regarding the publishing of research, or such
lesser period as is required by the lead managing underwriter(s).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If any Demand Registration or Shelf Offering involves an Underwritten Offering, the Company will not effect any sale or distribution
of Class A Common Stock (or securities convertible into or exchangeable or exercisable for Class A Common Stock) (other than a registration
statement on Form S-4, Form S-8 or any successor forms thereto) for its own account, within sixty (60) days (plus an extension period
as may be proposed by the lead managing underwriter(s) for such Underwritten Offering to address FINRA regulations regarding the publication
of research, or such shorter periods as the lead managing underwriter(s) may agree with the Company), after the effective date of such
registration except as may otherwise be agreed between the Company and the lead managing underwriter(s) of such Underwritten Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Registration Procedures</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If and whenever the Company is required to use commercially reasonable efforts to effect the registration of any Registrable Securities
under the Securities Act as provided in Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1, Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.2
or Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3, the Company shall as expeditiously as reasonably practicable:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>prepare and file with the Commission a registration statement to effect such registration in accordance with the intended method
or methods of distribution of such securities and thereafter use commercially reasonable efforts to cause such registration statement
to become and remain effective pursuant to the terms of this <FONT STYLE="font-size: 10pt">&lrm;</FONT>Article IV; <U>provided</U>, <U>however</U>,
that the Company may discontinue any registration of its securities which are not Registrable Securities at any time prior to the effective
date of the registration statement relating thereto; <U>provided</U>, <U>further</U>, that before filing such registration statement or
any amendments thereto, the Company will furnish to the Demand Stockholders which are including Registrable Securities in such registration
(&ldquo;<U>Selling Stockholders</U>&rdquo;), their counsel (which shall be one counsel for all</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Selling Stockholders,
as designated by the Stockholder Group) and the lead managing underwriter(s), if any, copies of all such documents proposed to be filed,
which documents will be subject to the review and reasonable comment of such counsel, and other documents reasonably requested by such
counsel, including any comment letter from the Commission, and, if requested by such counsel, provide such counsel reasonable opportunity
to participate in the preparation of such registration statement and each prospectus included therein and such other opportunities to
conduct a reasonable investigation within the meaning of the Securities Act, including reasonable access to the Company&rsquo;s books
and records, officers, accountants and other advisors. The Company shall not file any such registration statement or prospectus or any
amendments or supplements thereto with respect to a Demand Registration or Shelf Registration to which the holders of a majority of Registrable
Securities held by the Requesting Stockholder(s), their counsel or the lead managing underwriter(s), if any, shall reasonably object,
in writing, on a timely basis, unless, in the opinion of the Company, such filing is necessary to comply with Applicable Law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in
connection therewith as may be necessary at the sole opinion of the Company to keep such registration statement effective pursuant to
the terms of this <FONT STYLE="font-size: 10pt">&lrm;</FONT>Article IV, and comply in all material respects with the provisions of the
Securities Act with respect to the disposition of all securities covered by such registration statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if requested by the lead managing underwriter(s), if any, or the holders of a majority of the then outstanding Registrable Securities
being sold in connection with an Underwritten Offering (including a Block Trade), promptly include in a prospectus supplement or post-effective
amendment such information as the lead managing underwriter(s), if any, and such holders may reasonably request in order to permit the
intended method of distribution of such securities and make all required filings of such prospectus supplement or such post-effective
amendment as soon as reasonably practicable after the Company has received such request; <U>provided</U>, <U>however</U>, that the Company
shall not be required to take any actions under this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(iii) that are not,
in the opinion of counsel for the Company, in compliance with Applicable Law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>furnish to the Selling Stockholders and each underwriter, if any, of the securities being sold by such Selling Stockholders such
number of conformed copies of such registration statement and of each amendment and supplement thereto, such number of copies of the prospectus
contained in such registration statement (including each preliminary prospectus and any summary prospectus) and each free writing prospectus
(as defined in Rule 405 of the Securities Act) (a &ldquo;<U>Free Writing Prospectus</U>&rdquo;) utilized in connection therewith and any
other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other
documents as such Selling Stockholders and underwriter, if any, may reasonably request in order to facilitate the public sale or other
disposition of the Registrable Securities owned by such Selling Stockholders; <U>provided</U>, <U>however</U>, that notwithstanding the
foregoing, the Company shall not be required to provide any documents or information to an underwriter or broker, sales agent or placement
agent if such underwriter or broker, sales agent or placement agent has not then been named with respect to the applicable Underwritten
Offering or other offering involving a registration as an underwriter or broker, sales agent or placement agent, as applicable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>use commercially reasonable efforts to register or qualify or cooperate with the Selling Stockholders, the underwriters, if any,
and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification)
of such Registrable Securities covered by such registration statement under such other securities laws or &ldquo;blue sky&rdquo; laws
of such jurisdictions as the Selling Stockholders and any underwriter of the securities being sold by such Selling Stockholders shall
reasonably request, and to keep each such registration or qualification (or exemption therefrom) effective during the period such registration
statement is required to be kept effective and take any other action which may be necessary or reasonably advisable to enable such Selling
Stockholders and underwriters to consummate the disposition in such jurisdictions of the Registrable Securities owned by such Selling
Stockholders, except that the Company shall not for any such purpose be required to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">(A)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of
this clause&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>(v) be obligated to be so qualified;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">(B)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>subject itself to taxation in any such jurisdiction; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">(C)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>file a general consent to service of process in any such jurisdiction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&nbsp;&nbsp;use commercially reasonable efforts to cause such Registrable Securities (if such Registrable Securities are shares of Class A
Common Stock) to be listed on each securities exchange on which shares of Class A Common Stock are then listed;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&nbsp;use commercially reasonable efforts to provide and cause to be maintained a transfer agent and registrar for all Registrable Securities
covered by such registration statement from and after a date not later than the effective date of such registration statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>enter into such agreements (including an underwriting agreement) in form, scope and substance as is customary in underwritten offerings
of Class A Common Stock by the Company and use its commercially reasonable efforts to take all such other actions reasonably requested
by the holders of a majority of the Registrable Securities being sold in connection therewith (including those reasonably requested by
the lead managing underwriter(s), if any) to expedite or facilitate the disposition of such Registrable Securities, and in such connection,
whether or not an underwriting agreement is entered into and whether or not the registration is an Underwritten Offering, (A) make such
representations and warranties to the holders of such Registrable Securities and the underwriters, if any, with respect to the business
of the Company and its subsidiaries, and the registration statement, prospectus and documents, if any, incorporated or deemed to be incorporated
by reference therein, in each case, in form, substance and scope as are customarily made by issuers in underwritten offerings, and, if
true, confirm the same if and when requested, (B) if any underwriting agreement has been entered into, the same shall contain customary
indemnification provisions and procedures with respect to all parties to be indemnified pursuant to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.9,
except as otherwise agreed by the holders of a majority of the Registrable Securities being sold and (C) deliver such documents and certificates
as reasonably requested by the holders of a majority of the Registrable Securities being sold, their counsel and the lead managing underwriter(s),
if any, to evidence the continued validity of the representations and warranties made pursuant to sub-clause&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>(A)
above and to evidence compliance with any customary conditions contained in the underwriting agreement or other agreement entered into
by the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>in connection with an Underwritten Offering (including a Block Trade), use commercially reasonable efforts to obtain for the underwriter(s)
(A) opinions of counsel for the Company, covering the matters customarily covered in opinions requested in underwritten offerings and
such other matters as may be reasonably requested by such underwriters, (B) &ldquo;comfort&rdquo; letters and updates thereof (or, in
the case of any such Person which does not satisfy the conditions for receipt of a &ldquo;comfort&rdquo; letter specified in Statement
on Auditing Standards No.&nbsp;72, an &ldquo;agreed upon procedures&rdquo; letter) signed by the independent public accountants who have
certified the Company&rsquo;s financial statements included in such registration statement, covering the matters customarily covered in
&ldquo;comfort&rdquo; letters in connection with underwritten offerings and (C) the participation of the Company&rsquo;s independent public
accountants in due diligence sessions;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>make available for inspection by the Selling Stockholders, any underwriter participating in any disposition pursuant to any registration
statement, and any attorney, accountant or other agent or representative retained in connection with such offering by such Selling Stockholders
or underwriter (collectively, the &ldquo;<U>Inspectors</U>&rdquo;), financial and other records, pertinent corporate documents and properties
of the Company (collectively, the &ldquo;<U>Records</U>&rdquo;), as shall be reasonably necessary, or as shall otherwise be reasonably
requested, to enable them to exercise their due diligence responsibility, and cause the officers, directors and employees of the Company
and its subsidiaries to participate in due diligence sessions and supply all information in each case reasonably requested by any such
representative, underwriter, attorney, agent or accountant in connection with such registration statement; <U>provided</U>, <U>however</U>,
that the Company shall not be required to provide any information under this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(x)
if the Company believes, after consultation with counsel for the Company, that to do so would cause the Company to forfeit an attorney-client
privilege that was applicable to such information;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(xi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>as promptly as practicable notify in writing (email being sufficient) the Selling Stockholders and the underwriters, if any, of
the following events: (A) the filing of the registration statement, any amendment thereto, the prospectus or any prospectus supplement
related thereto or post-effective amendment to the registration statement or any Free Writing Prospectus utilized in connection therewith,
and, with respect to the registration statement or any post-effective amendment thereto, when the same has become effective; (B) any request
by the Commission or any other U.S.&nbsp;or state governmental authority for amendments or supplements to the registration statement or
the prospectus or for additional information; (C) the issuance by the Commission of any stop order suspending the effectiveness of the
registration statement or the initiation of any proceedings by any Person for that purpose; (D) the receipt by the Company of any notification
with respect to the suspension of the qualification of any Registrable Securities for sale under the securities or &ldquo;blue sky&rdquo;
laws of any jurisdiction or the initiation or threat of any proceeding for such purpose; (E) if at any time the representations and warranties
of the Company contained in any mutual agreement (including any underwriting agreement) contemplated by Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(viii)
cease to be true and correct in any material respect; and (F) upon the happening of any event that makes any statement made in such registration
statement or related prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material
respect or that requires the making of any changes in such registration statement, prospectus or documents so that, in the case of the
registration statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be
stated therein or necessary to make the statements therein not misleading, and that in the case of the prospectus, it will not contain
any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light
of the circumstances under which they were made, not misleading, and, at the request of any Selling Stockholder, promptly prepare and
furnish to such Selling Stockholder a reasonable number of copies of a supplement to or an amendment of such registration statement or
prospectus as may be necessary so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall
not include an 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, in light of the circumstances under which they were made, not misleading;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(xii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>use commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of such registration statement,
or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale
in any jurisdiction at the earliest reasonable practicable date, except that, subject to the requirements of Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(v),
the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction
wherein it would not but for the requirements of this clause (xii) be obligated to be so qualified, (B) subject itself to taxation in
any such jurisdiction or (C) file a general consent to service of process in any such jurisdiction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(xiii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>cooperate with the Selling Stockholders and the lead managing underwriter(s) to facilitate the timely preparation and delivery
of certificates (which shall not bear any restrictive legends unless required under Applicable Law) representing securities sold under
any registration statement, and enable such securities to be in such denominations and registered in such names as the lead managing underwriter(s)
or such Selling Stockholders may request and keep available and make available to the Company&rsquo;s transfer agent prior to the effectiveness
of such registration statement a supply of such certificates;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(xiv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable
Securities and their respective counsel in connection with any filings required to be made with FINRA; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(xv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>have appropriate officers of the Company prepare and make presentations at a reasonable number of &ldquo;road shows&rdquo; and
before analysts and rating agencies, as the case may be, and other information meetings reasonably organized by the underwriters, take
other actions to obtain ratings for any Registrable Securities (if they are eligible to be rated) and otherwise use its commercially reasonable
efforts to cooperate as reasonably requested by the Selling Stockholders and the underwriters in the offering, marketing or selling of
the Registrable Securities; <U>provided</U>, <U>however</U>, that the scheduling of any such &ldquo;road</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">shows&rdquo; and other
meetings shall not unduly interfere with the normal operations of the business of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company may require each Selling Stockholder and each underwriter, if any, to furnish the Company in writing such information
regarding each Selling Stockholder or underwriter and the distribution of such Registrable Securities as the Company may from time to
time reasonably request in writing to complete or amend the information required by such registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Each Selling Stockholder agrees that upon receipt of any notice from the Company of the happening of any event of the kind described
in clauses&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>(B), <FONT STYLE="font-size: 10pt">&lrm;</FONT>(C), <FONT STYLE="font-size: 10pt">&lrm;</FONT>(D),
<FONT STYLE="font-size: 10pt">&lrm;</FONT>(E) and <FONT STYLE="font-size: 10pt">&lrm;</FONT>(F) of Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(xi),
such Selling Stockholder shall forthwith discontinue such Selling Stockholder&rsquo;s disposition of Registrable Securities pursuant to
the applicable registration statement and prospectus relating thereto until such Selling Stockholder&rsquo;s receipt of the copies of
the supplemented or amended prospectus contemplated by Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(xi), or until it
is advised in writing by the Company that the use of the applicable prospectus may be resumed, and has received copies of any additional
or supplemental filings that are incorporated or deemed to be incorporated by reference in such prospectus; <U>provided</U>, <U>however</U>,
that the Company shall extend the time periods under Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(c) with respect to the
length of time that the effectiveness of a registration statement must be maintained by the amount of time the holder is required to discontinue
disposition of such securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>With a view to making available to the holders of Registrable Securities the benefits of Rule 144 under the Securities Act and
any other rule or regulation of the Commission that may at any time permit a holder to sell securities of the Company to the public without
registration, the Company shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>use commercially reasonable efforts to make and keep public information available, as those terms are understood and defined in
Rule 144 under the Securities Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>use commercially reasonable efforts to file with the Commission in a timely manner all reports and other documents required of
the Company under the Exchange Act, at any time when the Company is subject to such reporting requirements; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>furnish
to any holder of Registrable Securities, promptly upon request, a written statement by the Company as to its compliance with the reporting
requirements of Rule 144 under the Securities Act and of the Exchange Act, a copy of the most recent annual or quarterly report of the
Company, and such other reports and documents so filed or furnished by the Company with the Commission as such holder may reasonably
request in connection with the sale of Registrable Securities without registration (in each case to the extent not readily publicly available).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Registration Expenses</U>. All documented, out of pocket fees and expenses incident to the Company&rsquo;s performance of its
obligations under this <FONT STYLE="font-size: 10pt">&lrm;</FONT>Article IV, including (a) all registration and filing fees, including
all fees and expenses of compliance with securities and &ldquo;blue sky&rdquo; laws (including the reasonable and documented fees and
disbursements of counsel for the underwriters in connection with &ldquo;blue sky&rdquo; qualifications of the Registrable Securities pursuant
to Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(v)) and all fees and expenses associated with filings required to be
made with FINRA (including, if applicable, the fees and expenses of any &ldquo;qualified independent underwriter&rdquo; as such term is
defined in FINRA Rule 5121, except in the event that Requesting Stockholders select the underwriters), (b) all printing (including expenses
of printing certificates for the Registrable Securities in a form eligible for deposit with the Depository Trust Company and of printing
prospectuses if the printing of prospectuses is requested by any member of the Stockholder Group) and copying expenses, (c) all messenger,
telephone and delivery expenses, (d) all fees and expenses of the Company&rsquo;s independent certified public accountants and counsel
(including with respect to &ldquo;comfort&rdquo; letters and opinions), (e) expenses of the Company incurred in connection with any &ldquo;road
show&rdquo;, other than any expense paid or payable by the underwriters and (f) reasonable and documented fees and disbursements of one
counsel for all holders of Registrable Securities whose Registrable Securities are included in a registration statement, which counsel
shall be selected by, in the case of a Demand Registration, the Requesting Stockholders, in the case of a Shelf Offering, the Demand Stockholder(s)
requesting such offering, or in the case of any other registration, the holders of a majority of the Registrable Securities being sold
in connection therewith, shall be borne solely by the Company whether or not any registration statement is filed or becomes effective.
In connection with the Company&rsquo;s performance of its obligations under this <FONT STYLE="font-size: 10pt">&lrm;</FONT>Article IV,
the Company will pay its internal expenses (including all salaries and expenses of</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">its officers and employees performing
legal or accounting duties and the expense of any annual audit) and the expenses and fees for listing the securities to be registered
on the primary securities exchange or over-the-counter market on which similar securities issued by the Company are then listed or traded.
Each Selling Stockholder shall pay its portion of all underwriting discounts and commissions and transfer taxes, if any, relating to the
sale of such Selling Stockholder&rsquo;s Registrable Securities pursuant to any registration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Miscellaneous</U>.
(a) Not less than five (5) Business Days before the expected filing date of each registration statement pursuant to this Agreement, the
Company shall notify each holder of Registrable Securities who has timely provided the requisite notice hereunder entitling such holder
to register Registrable Securities in such registration statement of the information, documents and instruments from such holder that
the Company or any underwriter reasonably requests in connection with such registration statement, including a questionnaire, custody
agreement, power of attorney, lock-up letter and underwriting agreement (the &ldquo;<U>Requested Information</U>&rdquo;). If the Company
has not received, on or before the second Business Day before the expected filing date, the Requested Information from such holder, the
Company may file the registration statement without including Registrable Securities of such holder. The failure to so include in any
registration statement the Registrable Securities of a holder of Registrable Securities (with regard to that registration statement)
shall not result in any liability on the part of the Company to such holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company shall not grant any demand, piggyback or shelf registration rights the terms of which are senior to or conflict with
the rights granted to the Stockholder Group hereunder to any Person without the prior written consent of BCM and BAMCO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.9<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Registration
Indemnification</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company agrees, without limitation as to time, to indemnify and hold harmless, to the fullest extent permitted by law, (i)
each Selling Stockholder and its Affiliates and their respective officers, directors, members, stockholders, employees, managers and partners
and each Person who controls (within the meaning of Section&nbsp;15 of the Securities Act and Section&nbsp;20 of the Exchange Act) such
Selling Stockholder or such other indemnified Person and the officers, directors, members, stockholders, employees, managers and partners
of each such controlling Person (any such Person, a &ldquo;<U>Selling Stockholder Indemnified Person</U>&rdquo;), and (ii) each underwriter,
if any, and each Person who controls (within the meaning of Section&nbsp;15 of the Securities Act and Section&nbsp;20 of the Exchange
Act) such underwriter (any such Person, an &ldquo;<U>Underwriter Indemnified Person</U>&rdquo;), from and against all losses, claims,
actions, damages, liabilities, costs, expenses (including reasonable and documented expenses of investigation and reasonable and documented
attorneys&rsquo; fees and expenses), judgments, fines, penalties, charges and amounts paid in settlement (collectively, the &ldquo;<U>Losses</U>&rdquo;),
as incurred, arising out of, caused by, resulting from or relating to any untrue statement (or alleged untrue statement) of a material
fact contained in any registration statement, prospectus or preliminary prospectus or Free Writing Prospectus or any amendment or supplement
thereto or any omission (or alleged omission) of a material fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading and (without limitation of the preceding portions of this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.9(a))
will reimburse each such Selling Stockholder, Indemnified Person and each such Underwriter Indemnified Person for any reasonable and documented
legal and any other expenses reasonably incurred in connection with investigating and defending or settling any such Losses, except insofar
as the same are caused by any information furnished in writing to the Company by such Selling Stockholder or underwriter, as applicable,
expressly for use therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In connection with any registration statement in which a Selling Stockholder is participating, without limitation as to time, each
such Selling Stockholder shall, severally and not jointly, indemnify the Company, its directors, officers and employees, and each Person
who controls (within the meaning of Section&nbsp;15 of the Securities Act and Section&nbsp;20 of the Exchange Act) the Company (any such
Person, a &ldquo;<U>Company Indemnified Person</U>&rdquo;), from and against all Losses, as incurred, arising out of, caused by, resulting
from or relating to any untrue statement (or alleged untrue statement) of material fact contained in the registration statement, prospectus
or preliminary prospectus or Free Writing Prospectus or any amendment or supplement thereto or any omission (or alleged omission) of a
material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they
were made, not misleading, and (without limitation of the preceding portions of this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.9(b))
will reimburse any such Company Indemnified Person for any reasonable and documented legal and any other expenses reasonably incurred
in connection with investigating and defending or settling any such Losses,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">in each case solely to the extent,
but only to the extent, that such untrue statement or omission is made in such registration statement, prospectus or preliminary prospectus
or Free Writing Prospectus or any amendment or supplement thereto in reliance upon and in conformity with written information furnished
to the Company by such Selling Stockholder for inclusion in such registration statement, prospectus or preliminary prospectus or Free
Writing Prospectus or any amendment or supplement thereto. Notwithstanding the foregoing, no Selling Stockholder shall be liable under
this Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.9(b) for amounts in excess of the net proceeds received by such holder in
the offering giving rise to such liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Any Person entitled to indemnification hereunder shall give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification; <U>provided</U>, <U>however</U>, the failure to give such notice shall not release the indemnifying
party from its obligation, except to the extent that the indemnifying party has been actually and materially prejudiced by such failure
to provide such notice on a timely basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In any case in which any such action is brought against any indemnified party, and it notifies an indemnifying party of the commencement
thereof, the indemnifying party will be entitled to participate therein, and, to the extent that it may wish, to assume the defense thereof,
with counsel reasonably satisfactory to such indemnified party, and after notice from the indemnifying party to such indemnified party
of its election so to assume the defense thereof and acknowledging the obligations of the indemnifying party with respect to such proceeding,
the indemnifying party will not (so long as it shall continue to have the right to defend, contest, litigate and settle the matter in
question in accordance with this paragraph) be liable to such indemnified party hereunder for any legal or other expense subsequently
incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation, supervision and
monitoring (unless (i) such indemnified party reasonably objects to such assumption on the grounds that there may be defenses available
to it which are different from or in addition to the defenses available to such indemnifying party and, as a result, a conflict of interest
exists or (ii) the indemnifying party shall have failed within a reasonable period of time to assume such defense and the indemnified
party is or would reasonably be expected to be materially prejudiced by such delay, in either event the indemnified party shall be promptly
reimbursed by the indemnifying party for the reasonable and documented expenses incurred in connection with retaining one separate legal
counsel (for the avoidance of doubt, for all indemnified parties in connection therewith)). For the avoidance of doubt, notwithstanding
any such assumption by an indemnifying party, the indemnified party shall have the right to employ separate counsel in any such matter
and participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such indemnified party except
as provided in the previous sentence. An indemnifying party shall not be liable for any settlement of an action or claim effected without
its consent (which consent shall not be unreasonably withheld, conditioned or delayed). No matter shall be settled by an indemnifying
party without the consent of the indemnified party (which consent shall not be unreasonably withheld, conditioned or delayed), unless
such settlement (x) includes as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release
from all liability in respect to such claim or litigation, (y) does not include any statement as to or any admission of fault, culpability
or a failure to act by or on behalf of any indemnified party and (z) is settled solely for cash for which the indemnified party would
be entitled to indemnification hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The indemnification provided for under this Agreement shall survive the Transfer of the Registrable Securities and the termination
of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If recovery is not available under the foregoing indemnification provisions for any reason or reasons other than as specified therein,
any Person who would otherwise be entitled to indemnification by the terms thereof shall nevertheless be entitled to contribution with
respect to any Losses with respect to which such Person would be entitled to such indemnification but for such reason or reasons, in such
proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and such indemnified party, on
the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information
supplied by the indemnifying party or by the indemnified party, the Persons&rsquo; relative knowledge and access to information concerning
the matter with respect to which the claim was asserted, the opportunity to correct and prevent any statement or omission, and other equitable
considerations appropriate under the circumstances. It is hereby agreed that it would not necessarily be equitable if the amount of such
contribution were determined by pro rata or per capita allocation. No Person guilty of fraudulent misrepresentation (within the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">meaning of Section&nbsp;11(f)
of the Securities Act) shall be entitled to contribution from any Person who was not found guilty of such fraudulent misrepresentation.
Notwithstanding the foregoing, no Selling Stockholder shall be required to make a contribution in excess of the net proceeds received
by such Selling Stockholder from its sale of Registrable Securities in connection with the offering that gave rise to the contribution
obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.10<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Free
Writing Prospectuses</U>. No member of the Stockholder Group shall use any &ldquo;free writing prospectus&rdquo; (as defined in Rule
405 under the Securities Act) in connection with the sale of Registrable Securities pursuant to this <FONT STYLE="font-size: 10pt">&lrm;</FONT>Article
IV without the prior written consent of the Company (which consent shall not be unreasonably withheld, conditioned or delayed). Notwithstanding
the foregoing, the Stockholder Group may use any free writing prospectus prepared and distributed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.11<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Termination
of Registration Rights</U>. The rights of each member of the Stockholder Group under this <FONT STYLE="font-size: 10pt">&lrm;</FONT>Article
IV shall terminate on the first date when the Stockholder Group ceases to hold any Registrable Securities; <U>provided</U>, that the
provisions of <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.7</U> and <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.9
</U>shall survive any such termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><B>Article
V<BR>
DEFINITIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Defined Terms</U>. Capitalized terms when used in this Agreement have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Affiliate</U>&rdquo; means, with respect
to any Person, any other Person directly or indirectly controlling, controlled by or under common control with such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Agreement</U>&rdquo; has the meaning
set forth in the preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Applicable Law</U>&rdquo; means, with
respect to any Person, any federal, national, state, local, cantonal, municipal, international, multinational or SRO statute, law, ordinance,
secondary and subordinate legislation, directives, rule (including rules of common law), regulation, ordinance, treaty, Order, permit,
authorization or other requirement applicable to such Person, its assets, properties, operations or business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Baron</U>&rdquo; means BCM, BAMCO and
any of their respective Permitted Transferees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Beneficial Owner</U>&rdquo;, &ldquo;<U>Beneficially
Own</U>&rdquo; or &ldquo;<U>Beneficial Ownership</U>&rdquo; has the meaning assigned to such term in Rule 13d-3 under the Exchange Act,
and a Person&rsquo;s beneficial ownership of securities shall be calculated in accordance with the provisions of such Rule (in each case,
irrespective of whether or not such Rule is actually applicable in such circumstance).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Blackout Period</U>&rdquo; means (i)
any regular quarterly period during which directors and executive officers of the Company are not permitted to trade under the insider
trading policy of the Company then in effect and (ii) in the event that the Company determines in good faith that the registration would
(x) reasonably be expected to materially adversely affect or materially interfere with any bona fide material financing of the Company
or any material transaction under consideration by the Company or (y) would require disclosure of information that has not been, and is
not otherwise required to be, disclosed to the public, the premature disclosure of which would adversely affect the Company in any material
respect, a period of up to ninety (90) days; <U>provided</U>, that a Blackout Period described in this clause&nbsp;(ii) may not occur
more than twice in any period of twelve (12) consecutive months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Business Day</U>&rdquo; means a day on
which banks are generally open for normal business in Santa Monica, California or New York, New York, which day is not a Saturday or a
Sunday.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Class A Common Stock</U>&rdquo; means
the shares of Class A common stock, $0.0001 par value per share, of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Commission</U>&rdquo; means the Securities
and Exchange Commission or any other federal agency administering the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Company</U>&rdquo; has the meaning set
forth in the preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Contract</U>&rdquo; means any contract,
lease, license, indenture, loan, note, agreement or other legally binding commitment, arrangement or undertaking (whether written or oral
and whether express or implied).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Control</U>&rdquo; means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the
ownership of voting securities, by contract or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Controlled Affiliate</U>&rdquo; means
any Affiliate of the specified Person that is, directly or indirectly, Controlled by the specified Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Demand</U>&rdquo; has the meaning set
forth in <U>Section&nbsp;&lrm;4.1(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Demand Registration</U>&rdquo; has the
meaning set forth in <U>Section&nbsp;&lrm;4.1(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Demand Registration Statement</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;&lrm;4.1(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Demand Stockholder</U>&rdquo; means any
member of the Stockholder Group that holds Registrable Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Derivative Instruments</U>&rdquo; means
any and all derivative securities (as defined under Rule 16a-1 under the Exchange Act) that increase in value as the value of any Equity
Securities of the Company increases, including a long convertible security, a long call option and a short put option position, in each
case, regardless of whether (x) such interest conveys any voting rights in such security, (y) such interest is required to be, or is capable
of being, settled through delivery of such security or (z) other transactions hedge the economic effect of such interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Equity Securities</U>&rdquo; means any
and all (i) shares, interests, participations or other equivalents (however designated) of capital stock or other voting securities of
a corporation, any and all equivalent or analogous ownership (or profit) or voting interests in a Person (other than a corporation), (ii)
securities convertible into or exchangeable for shares, interests, participations or other equivalents (however designated) of capital
stock or voting securities of (or other ownership or profit or voting interests in) such Person, and (iii) any and all warrants, rights
or options to purchase any of the foregoing, whether voting or nonvoting, and, in each case, whether or not such shares, interests, participations,
equivalents, securities, warrants, options, rights or other interests are authorized or otherwise existing on any date of determination
(clauses&nbsp;(ii) and (iii), collectively &ldquo;<U>convertible securities</U>&rdquo; and any conversion, exchange or exercise of any
convertible securities, a &ldquo;<U>conversion</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Exchange Act</U>&rdquo; means the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>FINRA</U>&rdquo; means the Financial
Industry Regulatory Authority, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Form S-3</U>&rdquo; has the meaning set
forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Free Writing Prospectus</U>&rdquo; has
the meaning set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(iv)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Governmental Authority</U>&rdquo; means
any federal, national, state, local, cantonal, municipal, international or multinational government or political subdivision thereof,
governmental department, commission, board, bureau, agency, taxing or regulatory authority, instrumentality or judicial or administrative
body, or arbitrator or SRO, having jurisdiction over the matter or matters in question.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Inspectors</U>&rdquo; has the meaning
set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(x)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Losses</U>&rdquo; has the meaning set
forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.9(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Order</U>&rdquo; means any judgment,
decision, decree, order, settlement, injunction, writ, stipulation, determination or award issued by any Governmental Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Other Demanding Sellers</U>&rdquo; has
the meaning set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.2(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Other Proposed Sellers</U>&rdquo; has
the meaning set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.2(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Permitted Distribution in Kind</U>&rdquo;
means a distribution in kind of Put-Call Shares to any third-party limited partner, member or other equity holder of an entity in connection
with a <I>bona fide</I> redemption or withdrawal of such Person&rsquo;s interests in such entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Permitted Transferee</U>&rdquo; means
each of (i) Ronald Baron, any member of his &ldquo;immediate family&rdquo; (as such term is defined in Rule 16a-1 of the Exchange Act)
and any Person controlled by any of the foregoing, (ii) any wholly-owned subsidiary of BCM or BAMCO and (iii) any controlled Affiliate
of Baron Capital Group, Inc. existing on the date hereof, including Baron FIGS, L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Permitted Transfers</U>&rdquo; has the
meaning set forth in <U>Section <FONT STYLE="font-size: 10pt">&lrm;</FONT>2.1(a)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Person</U>&rdquo; means an individual,
company, corporation, partnership, limited liability company, trust, body corporate (wherever located) or other entity, organization or
unincorporated association, including any Governmental Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Piggyback Notice</U>&rdquo; has the meaning
set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.2(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Piggyback Registration</U>&rdquo; has
the meaning set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.2(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Piggyback Seller</U>&rdquo; has the meaning
set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.2(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Put-Call Shares</U>&rdquo; has the meaning
ascribed to such term in the Recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Registrable Amount</U>&rdquo; means an
amount of Registrable Securities having an aggregate value of at least $50 million (based on the anticipated offering price (as reasonably
determined in good faith by the Company)), without regard to any underwriting discount or commission, or such lesser amount of Registrable
Securities as would result in the disposition of all of the Registrable Securities Beneficially Owned by the applicable Requesting Stockholder(s);
<U>provided</U>, that such lesser amount shall have an aggregate value of at least $25 million (based on the anticipated offering price
(as reasonably determined in good faith by the Company)), without regard to any underwriting discount or commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Registrable Securities</U>&rdquo; means
as of any date of determination, (i) the Put-Call Shares and any shares of Class A Common Stock received in respect of the Put-Call Shares
in connection with any stock split or subdivision, stock dividend, distribution or similar transaction and (ii) any other shares of Class
A Common Stock Beneficially Owned by any member of the Stockholder Group from time to time. As to any particular Registrable Securities,
once issued, such securities shall cease to be Registrable Securities if (A) a registration statement with respect to the sale of such
securities has become effective under the Securities Act and such securities have been disposed of pursuant to such effective registration
statement, (B) such securities have been distributed pursuant to Rule 144 (or any similar provision then in force) under the Securities
Act, (C) such securities have been otherwise transferred to any Person other than the Stockholder Group, if new certificates or other
evidences of ownership for them not bearing a legend restricting further transfer and not subject to any stop-transfer order or other
restrictions on transfer have been delivered by the Company and subsequent disposition of such securities does not require registration
or qualification of such securities under the Securities Act or any other securities laws then applicable, (D) such securities may be
sold without registration pursuant to Rule 144 (or any similar provision then in force) or any other rule promulgated under the Securities
Act, without being subject to the volume, manner of sale or other restrictions therein or (E) such securities shall cease to be outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Requested Information</U>&rdquo; has
the meaning set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.8(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Requesting Stockholders</U>&rdquo; has
the meaning set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.1(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Securities Act</U>&rdquo; means the Securities
Act of 1933, as amended, and the rules and regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Selling Stockholders</U>&rdquo; has the
meaning set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.6(a)(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Shelf Notice</U>&rdquo; has the meaning
set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Shelf Offering</U>&rdquo; has the meaning
set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(f)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Shelf Registration Statement</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>SRO</U>&rdquo; means (i) any &ldquo;self-regulatory
organization&rdquo; as defined in Section&nbsp;3(a)(26) of the Exchange Act, (ii) any other United States or foreign securities exchange,
futures exchange, commodities exchange or contract market or (iii) any other securities exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Standstill Period</U>&rdquo; shall mean
the period beginning on the Term Sheet Date and ending on the earlier of (i) the Termination Date and (ii) the Transfer Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Stockholder Group</U>&rdquo; means Baron,
its Affiliates and any investment vehicle or account sponsored, managed or advised by Baron, its affiliated investment advisers or any
of their respective Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Take-Down Notice</U>&rdquo; has the meaning
set forth in <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.3(f)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Termination Date</U>&rdquo; means the
earlier to occur of (x) the time and date of the Final Conversion Event (as defined in Section 7.4 of Article IV.A. of the Amended and
Restated Certificate of Incorporation of the Company dated June 1, 2021) as in effect on the date hereof and (y) the date that Catherine
Spear ceases to be Chief Executive Officer or co-Chief Executive Officer of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>Transfer</U>&rdquo; means (i) any direct
or indirect offer, sale, lease, assignment, encumbrance, pledge, grant of a security interest, hypothecation, disposition or other transfer
(by operation of law or otherwise), either voluntary or involuntary, or entry into any Contract, option or other arrangement or understanding
with respect to any offer, sale, lease, assignment, encumbrance, pledge, hypothecation, disposition or other transfer (by operation of
law or otherwise), of any capital stock or interest in any capital stock, (ii) in respect of any capital stock or interest in any capital
stock, to enter into any swap or any other agreement, transaction or series of transactions that hedges or transfers, in whole or in part,
directly or indirectly, the economic consequence of ownership of such capital stock or interest in capital stock, whether any such swap,
agreement, transaction or series of transaction is to be settled by delivery of securities, in cash or otherwise or (iii) entry into any
other Contract, option or other arrangement or understanding with respect to any voting control of any capital stock or interest in any
capital stock. &ldquo;<U>Transferor</U>&rdquo; means a Person that Transfers or proposes to Transfer; and &ldquo;<U>Transferee</U>&rdquo;
means a Person to whom a Transfer is made or is proposed to be made. Notwithstanding the foregoing, the following shall not be considered
a &ldquo;Transfer&rdquo; under this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the granting of a revocable proxy to officers or directors of the Company at the request of the Directors in connection with actions
to be taken at an annual or special meeting of stockholders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the pledge of shares of Class A Common Stock by a holder that creates a mere security interest in such shares pursuant to a bona
fide loan or indebtedness transaction for so long as such stockholder continues to exercise voting control over such pledged shares;&nbsp;<I>provided,
however</I>, that a foreclosure on such shares or other similar action by the pledgee shall constitute a Transfer unless such foreclosure
or similar action otherwise qualifies as a Permitted Transfer; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>in connection with a merger or consolidation of the Company with or into any other entity, or in the case of any other transaction
having an effect on stockholders substantially similar to that resulting from a merger or consolidation of all or substantially all of
the Company&rsquo;s property and assets, in each case, that has been approved by</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">the Board, the entering into
a support, voting, tender or similar agreement or arrangement (in each case, with or without the grant of a proxy) that has also been
approved by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Transfer Termination
Date</U>&rdquo; means the date that the Stockholder Group Beneficially Owns less than 17.5% of the outstanding shares of Class A Common
Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Underwritten Offering</U>&rdquo;
means a sale of securities of the Company to an underwriter or underwriters for reoffering to the public.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Interpretation</U>. Whenever used: the words &ldquo;include,&rdquo; &ldquo;includes&rdquo; and &ldquo;including&rdquo; shall
be deemed to be followed by the phrase &ldquo;without limitation,&rdquo; and the words &ldquo;hereof&rdquo; and &ldquo;herein&rdquo; and
similar words shall be construed as references to this Agreement as a whole and not limited to the particular Article, Section, Annex,
Exhibit&nbsp;or Schedule&nbsp;in which the reference appears. Unless the context otherwise requires, references herein: (x) to Articles,
Sections, Annexes, Exhibits&nbsp;and Schedules mean the Articles, Sections&nbsp;and Annexes of, and Exhibits&nbsp;and Schedules attached
to, this Agreement; (y) to an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented
and modified from time to time to the extent permitted by the provisions thereof and (z) to a statute means such statute as amended from
time to time and includes any successor legislation thereto and any regulations promulgated thereunder. References to &ldquo;$&rdquo;
or &ldquo;dollars&rdquo; means United States dollars. Any reference in this Agreement to any gender shall include all genders. Any reference
to a wholly-owned subsidiary of a Person shall mean such subsidiary is directly or indirectly wholly owned by such Person. The meanings
of defined terms are equally applicable to the singular and plural forms of the defined terms. The Annexes, Exhibits&nbsp;and Schedules
referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim
herein. The headings of the Articles and Sections&nbsp;are for convenience of reference only and do not affect the interpretation of any
of the provisions hereof. No rule of construction against the draftsperson shall be applied in connection with the interpretation or enforcement
of this Agreement, as this Agreement is the product of negotiation between sophisticated parties advised by counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><B>Article
VI<BR>
MISCELLANEOUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Termination</U>.
This Agreement <FONT STYLE="color: black">may only be terminated with the mutual written consent of the Company, BAMCO and BCM</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Notices</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notices and other statements in connection with this Agreement shall be in writing in the English language and shall be delivered
by hand, email, facsimile or overnight courier to the recipient&rsquo;s email or address as set forth below or to such other address as
a party hereto may notify to the other parties hereto from time to time and shall be given:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if to the Company, to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">FIGS, Inc.<BR>
Address: 2834 Colorado Avenue, Suite 100</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">Santa Monica, California 90404<BR>
Email: tmaron@wearfigs.com; legal@wearfigs.com<BR>
Attention: Chief Legal Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">with a copy to (which shall not be considered notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">Latham &amp; Watkins LLP<BR>
Address: 1271 Avenue of the Americas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">New York, New York 10020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">Email: Ian.Nussbaum@lw.com<BR>
Attention: Ian Nussbaum</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if
to Baron, to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">Baron Capital Group, Inc.<BR>
Address: 767 Fifth Avenue Floor 48</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">New York, NY 10153<BR>
Email: ppatalino@baroncapitalgroup.com<BR>
Attention: Patrick M. Patalino</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">with a copy to (which shall not be considered notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">Davis Polk &amp; Wardwell LLP<BR>
Address: 450 Lexington Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">New York, New York 10017<BR>
Email: leonard.kreynin@davispolk.com<BR>
Attention: Leonard Kreynin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>A
notice shall be effective upon receipt and shall be deemed to have been received:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>at the time of delivery, if delivered by hand, or overnight courier; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>at the time of transmission in legible form if received prior to 5:00 p.m. local time on such date or at the beginning of the recipient&rsquo;s
next Business Day if received after 5:00 p.m. local time on such date or such date is not a Business Day, if delivered by email.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Stockholder Actions</U>. Any determination, consent or approval of, or notice or request delivered by, or any similar action
of, the Stockholder Group shall be valid and binding upon all members of the Stockholder Group if made by BCM and BAMCO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Equitable Adjustments</U>. If at any time during the period between the date of this Agreement and the Termination Date, any
change in the outstanding shares of capital stock of the Company or the Equity Securities of the Company shall occur by reason of any
reclassification, recapitalization, stock split or combination, exchange or readjustment of shares, or any stock dividend thereon with
a record date during such period, any number or amount contained in this Agreement which is based on the number of shares of capital stock
of the Company or the Equity Securities of the Company, as the case may be, shall be equitably adjusted to the extent necessary to provide
the parties hereto with the same economic effect as contemplated by this Agreement prior to such reclassification, recapitalization, stock
split or combination, exchange or readjustment of shares, or stock dividend thereon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Amendments and Waivers</U>. No provision of this Agreement may be amended or modified unless such amendment or modification
is in writing and signed by each of the Company, BCM and BAMCO. No failure or delay by any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof
or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive
of any rights or remedies provided by Applicable Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Successors and Assigns</U>. Neither this Agreement nor any of the rights or obligations hereunder shall be assigned by any of
the parties hereto without the prior written consent of the other parties. Subject to the preceding sentence, this Agreement will be binding
upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns. Any attempted assignment
in violation of this <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>6.6</U> shall be void.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Severability</U>. It is the intent of the parties that the provisions of this Agreement shall be enforced to the fullest extent
permissible under Applicable Law and public policies applied in each jurisdiction in which enforcement is sought. If any particular provision
or portion of this Agreement shall be adjudicated to be invalid or unenforceable, such provision or portion thereof shall be deemed amended
to the minimum extent necessary to render</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">such provision or portion valid
and enforceable, and such amendment will apply only with respect to the operation of such provision or portion in the particular jurisdiction
in which such adjudication is made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Counterparts</U>. This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same
agreement and shall become effective when counterparts have been signed by each of the parties and delivered to the other parties, it
being understood that each party need not sign the same counterpart.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.9<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Entire Agreement</U>. This Agreement (including the documents and the instruments referred to in this Agreement), constitutes
the entire agreement and supersedes all prior agreements and understandings (including the Term Sheet), both written and oral, between
the parties with respect to the subject matter of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.10<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Governing Law; Jurisdiction</U>. This Agreement shall be governed by, and construed and enforced in accordance with, the laws
of the State of Delaware, without regard to any choice or conflict of law provision or rule (whether of the State of Delaware or any other
jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. In addition, each of
the parties hereto (a) submits to the personal jurisdiction of the Delaware Court of Chancery in and for New Castle County, or in the
event (but only in the event) that such Delaware Court of Chancery does not have subject matter jurisdiction over such dispute, the United
States District Court for the District of Delaware, or in the event (but only in the event) that such United States District Court also
does not have jurisdiction over such dispute, any Delaware State court sitting in New Castle County, in the event any dispute (whether
in contract, tort or otherwise) arises out of this Agreement or the transactions contemplated hereby, (b) agrees that it will not attempt
to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, and (c) agrees that it will not
bring any claim, action or proceeding relating to this Agreement or the transactions contemplated hereby in any court other than the Delaware
Court of Chancery in and for New Castle County, or in the event (but only in the event) that such Delaware Court of Chancery does not
have subject matter jurisdiction over such claim, action or proceeding the United States District Court for the District of Delaware,
or in the event (but only in the event) that such United States District Court also does not have jurisdiction over such claim, action
or proceeding, any Delaware State court sitting in New Castle County. Each party agrees that service of process upon such party in any
such claim, action or proceeding shall be effective if notice is given in accordance with the provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.11<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>WAIVER OF JURY TRIAL</U>. EACH PARTY HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM, ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY
HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION <FONT STYLE="font-size: 10pt">&lrm;</FONT>6.11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.12<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Specific Performance</U>. The parties hereto agree that failure of any party to perform its agreements and covenants hereunder,
including a party&rsquo;s failure to take all actions as are necessary on such party&rsquo;s part in accordance with the terms and conditions
of this Agreement to consummate the transactions contemplated hereby, will cause irreparable injury to the other parties, for which monetary
damages, even if available, will not be an adequate remedy. It is agreed that the parties shall be entitled to equitable relief including
injunctive relief and specific performance of the terms hereof, without the requirement of posting a bond or other security, and each
party hereby consents to the issuance of injunctive relief by any court of competent jurisdiction to compel performance of a party&rsquo;s
obligations and to the granting by any court of the remedy of specific performance of such party&rsquo;s obligations hereunder, this being
in addition to any other remedies to which the parties are entitled at law or equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.13<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Third Party Beneficiaries</U>. Nothing in this Agreement shall confer any rights upon any Person other than the parties hereto
and each such party&rsquo;s respective heirs, successors and permitted assigns; <U>provided</U>, that the Persons indemnified under <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.9</U>
are intended third party beneficiaries of <U>Section&nbsp;<FONT STYLE="font-size: 10pt">&lrm;</FONT>4.9</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.14<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Obligation to Update Annex A</U>. Each of the parties hereto agrees that in connection with any acquisitions or Transfers of
Equity Securities of the Company in accordance with the terms of the Put-Call Agreement or this Agreement, the parties hereto will, as
promptly as practicable following the completion of such acquisition or Transfer, modify <U>Annex A</U> to reflect the effect of such
acquisition or Transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal"><I>[The remainder
of this page left intentionally blank.]</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the parties
hereto have duly executed this Agreement by their authorized representatives as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><B>THE COMPANY:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><B>FIGS, INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Catherine E. Spear</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Name:</TD>
    <TD STYLE="text-align: justify">Catherine E.Spear</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: justify">Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="text-transform: uppercase"><B>Baron Capital management, Inc.</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick M. Patalino</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Name: </TD>
    <TD STYLE="text-align: justify">Patrick M. Patalino</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="text-align: justify">General Counsel</TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="text-transform: uppercase"><B>Bamco, Inc.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick M. Patalino</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Name:</TD>
    <TD STYLE="text-align: justify">Patrick M. Patalino</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="text-align: justify">General Counsel</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ANNEX A</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">OWNERSHIP SCHEDULE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 30%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>STOCKHOLDER</B></P></TD>
    <TD STYLE="text-align: center; width: 35%">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NUMBER
OF SHARES OF CLASS A COMMON STOCK BENEFICIALLY OWNED</B></P></TD>
    <TD STYLE="text-align: center; width: 35%">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NUMBER
OF SHARES OF CLASS A COMMON STOCK OWNED OF RECORD</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">Baron Capital Management, Inc.</TD>
    <TD STYLE="text-align: center; white-space: nowrap">6,283,708</TD>
    <TD STYLE="white-space: nowrap; text-align: center">0</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">BAMCO, Inc.</TD>
    <TD STYLE="white-space: nowrap; text-align: center">52,387,876</TD>
    <TD STYLE="white-space: nowrap; text-align: center">27,833,825</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ANNEX B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>JOINDER TO STOCKHOLDERS AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned is executing
and delivering this joinder (this &ldquo;<U>Joinder</U>&rdquo;) pursuant to the Stockholders Agreement, dated as of February 26, 2025
(as the same may hereafter be amended, the &ldquo;<U>Stockholders Agreement</U>&rdquo;), by and among FIGS, Inc., a Delaware corporation
(the &ldquo;<U>Company</U>&rdquo;), Baron Capital Management, Inc., a New York corporation, and BAMCO, Inc., a New York corporation. Capitalized
terms used but not otherwise defined herein shall have the meanings provided in the Stockholders Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">By executing and delivering
this Joinder to the Company, the undersigned hereby agrees to become a party to, to be bound by, and to comply with the Stockholders Agreement
as a member of the Stockholder Group in the same manner as if the undersigned were an original signatory to the Stockholders Agreement
(including, for the avoidance of doubt, the representations and warranties set forth in Article III of the Stockholders Agreement with
respect to Transferees). The undersigned agrees that any reference to the Stockholder Group in the Stockholders Agreement after the date
hereof shall include the undersigned as memorialized by this Joinder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Accordingly, the undersigned
has executed and delivered this Joinder as of the [&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT>&nbsp;] day of [&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT>&nbsp;].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>[STOCKHOLDER]</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Its:</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Address:</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Attention:</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

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