<SEC-DOCUMENT>0001140361-23-057201.txt : 20231212
<SEC-HEADER>0001140361-23-057201.hdr.sgml : 20231212
<ACCEPTANCE-DATETIME>20231211205250
ACCESSION NUMBER:		0001140361-23-057201
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20231212
DATE AS OF CHANGE:		20231211

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Volato Group, Inc.
		CENTRAL INDEX KEY:			0001853070
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, NONSCHEDULED [4522]
		IRS NUMBER:				862707040
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93312
		FILM NUMBER:		231479783

	BUSINESS ADDRESS:	
		STREET 1:		1954 AIRPORT ROAD
		STREET 2:		SUITE 124
		CITY:			CHAMBLEE
		STATE:			GA
		ZIP:			30341
		BUSINESS PHONE:		844-399-8998

	MAIL ADDRESS:	
		STREET 1:		1954 AIRPORT ROAD
		STREET 2:		SUITE 124
		CITY:			CHAMBLEE
		STATE:			GA
		ZIP:			30341

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PROOF Acquisition Corp I
		DATE OF NAME CHANGE:	20210324

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROOF Acquisition Sponsor I, LLC
		CENTRAL INDEX KEY:			0001894742
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		11911 FREEDOM DR., STE 1080
		CITY:			RESTON
		STATE:			VA
		ZIP:			20190
		BUSINESS PHONE:		7035634100

	MAIL ADDRESS:	
		STREET 1:		11911 FREEDOM DR., STE 1080
		CITY:			RESTON
		STATE:			VA
		ZIP:			20190
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>ef20016445_sc13d.htm
<DESCRIPTION>SC 13D
<TEXT>
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    <div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-size: 18pt; font-weight: bold;">SCHEDULE 13D</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">Under the Securities Exchange Act of 1934</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-size: 24pt; font-weight: bold;">VOLATO GROUP, INC.</div>
      <div style="text-align: center; font-weight: bold;">(Name of Issuer)</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">Class A Common Stock, par value $0.0001 per share</div>
      <div style="text-align: center; font-weight: bold;">(Title of Class of Securities)</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">74349W104</div>
      <div style="text-align: center; font-weight: bold;">(CUSIP Number)</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Jennifer Liotta</div>
      <div style="text-align: center; font-weight: bold;">c/o Volato Group, Inc.</div>
      <div style="text-align: center; font-weight: bold;">1954 Airport Rd Ste 124,</div>
      <div style="text-align: center; font-weight: bold;">Atlanta, Georgia, 30341</div>
      <div style="text-align: center; font-weight: bold;">Phone: (904) 539-7404</div>
      <div style="text-align: center;"><font style="font-weight: bold;"> </font><br>
      </div>
      <div style="text-align: center; font-weight: bold;">(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">December 1, 2023</div>
      <div style="text-align: center; font-weight: bold;">(Date of Event Which Requires Filing of This Statement)</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: justify;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because off &#167;&#167; 240.13d-1(e), 240.13d-1(f) or
        240.13d-1(g), check the following box. &#9744;</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">Note</font>: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See &#167;240.13d-7 for other parties to whom copies
        are to be sent.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">*The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
        which would alter disclosures provided in a prior cover page.</div>
      <div> <br>
      </div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
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          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div>The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of that section of the Act but
        shall be subject to all other provisions of the Act (however, see the Notes).</div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr>
            <td rowspan="3" style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">1</div>
            </td>
            <td colspan="3" style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="font-weight: bold; text-align: left;">NAMES OF REPORTING PERSONS</div>
            </td>
            <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">PROOF Acquisition Sponsor I, LLC</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="HEIGHT: 13px">
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">2</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="font-weight: bold; text-align: left;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: right;">(a)</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: right;">(b)</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">3</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; BACKGROUND-COLOR: #bfbfbf">
              <div style="font-weight: bold; text-align: left;">SEC USE ONLY</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%; BACKGROUND-COLOR: #bfbfbf">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%; BACKGROUND-COLOR: #bfbfbf">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="BACKGROUND-COLOR: #bfbfbf">
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="BACKGROUND-COLOR: #bfbfbf">
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">4</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="font-weight: bold; text-align: left;">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">OO</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">5</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="font-weight: bold; text-align: left;">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">6</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="font-weight: bold; text-align: left;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">United States</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" rowspan="12" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%">
              <div style="text-align: center;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">7</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="font-weight: bold; text-align: left;">SOLE VOTING POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">5,507,813</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">8</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="font-weight: bold; text-align: left;">SHARED VOTING POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">0</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">9</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="font-weight: bold; text-align: left;">SOLE DISPOSITIVE POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">5,507,813</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">10</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="font-weight: bold; text-align: left;">SHARED DISPOSITIVE POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="text-align: left; color: rgb(0, 0, 0);">0</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">11</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="font-weight: bold; text-align: left;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">5,507,813</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">12</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="font-weight: bold; text-align: left;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">13</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="font-weight: bold; text-align: left;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">19.64%</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">14</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="font-weight: bold; text-align: left;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">OO</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3c83646f0a414e9e9a5a9639d2f84248" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 1.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;"><u>Security and Issuer</u></div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">This Schedule 13D (&#8220;<u>Schedule 13D</u>&#8221;) relates to shares of Class A common stock, par value $0.0001 per share (&#8220;<u>Class A Common Stock</u>&#8221;), of Volato Group, Inc., a Delaware corporation, formerly known as PROOF
        Acquisition Corp I (the &#8220;<u>Issuer</u>&#8221;). The principal executive office of the Issuer is located at 1954 Airport Rd Ste 124,&#160;Atlanta, Georgia, 30341.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z3ee002b58f6c461cbac93fdbc30256c1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 2.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;"><u>Identity and Background</u></div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">This Schedule 13D is being filed by PROOF Acquisition Sponsor I, LLC (the &#8220;<u>Reporting Person</u>&#8221;), a Delaware limited liability company. The reporting person is primarily engaged in the business of investing in
        securities, including of the Issuer. The Reporting Person&#8217;s business address is 11911 Freedom Drive, Suite 1080, Reston, VA.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">During the last five years, the Reporting Person was not (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or
        administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities
        laws or finding any violation with respect to such laws.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z210024d7c3ac4b2b80438c476369d99c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 3.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;"><u>Source and Amount of Funds or Other Consideration</u></div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">Prior the initial public offering (the &#8220;<u>IPO</u>&#8221;) of PROOF Acquisition Corp I (&#8220;<u>PACI</u>&#8221;), the predecessor in interest to the Issuer, the Reporting Person received 5,750,000 shares of Class B common stock of
        PACI (&#8220;<u>Founder Shares</u>&#8221;) for a payment of $25,000. On November 20, 2021, PACI effectuated a 1.2:1 stock split for each outstanding Founder Share, resulting in the Reporting Person holding an aggregate of 6,900,000 Founder Shares.&#160;
        Simultaneously with the closing of the IPO, pursuant to purchase agreements entered into with the Reporting Person and certain funds and accounts managed by Blackrock, Inc., PACI completed the private sale of an aggregate of 15,226,000 warrants
        (the &#8220;<u>Private Placement Warrants</u>&#8221;) at a purchase price of $1.00 per Private Placement Warrant. Each Private Placement Warrant is exercisable for one whole share of Class A Common Stock at a price of $11.50 per share. Immediately after the
        IPO, the Reporting Person held 6,440,000 Founder Shares and 14,076,000 Private Placement Warrants.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The consideration paid by the Reporting Person for such shares was funded by capital contributions by the members of the Reporting Person and acquired as founder shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">On August 1, 2023, PACI, Volato and PACI Merger Sub, Inc. (&#8220;<u>Merger Sub</u>&#8221;) entered into that certain Business Combination Agreement (the &#8220;<u>Business Combination Agreement</u>&#8221;) pursuant to which Merger Sub
        merged with and into Volato effective December 1, 2023 (the &#8220;<u>Business Combination</u>&#8221;), with Volato continuing as the surviving corporation in the Business Combination and a wholly owned subsidiary of PACI upon the closing of the transactions
        contemplated therein. In connection with the closing of the Business Combination, PACI filed the Amended and Restated Certificate of Incorporation with the Delaware Secretary of State pursuant to which, among other things, the name of PACI was
        changed to Volato Group, Inc. and the merger securities commenced trading on NYSE American on December 4, 2023.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The foregoing description of the Business Combination Agreement is a summary only and is qualified in its entirety by the full text of the Business Combination Agreement, a copy of which is attached hereto as Exhibit
        99.1, which are incorporated herein by reference.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zab3d7091efcf468da9ec92a3fb46198a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 4.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;"><u>Purpose of Transaction</u></div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">The information set forth in Items 3 and 6 of this Schedule 13D is hereby incorporated by reference into this Item 4.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic;">Business Combination</div>
      <div>&#160;</div>
      <div style="text-align: justify;">On December 1, 2023, the Business Combination closed. As a result of the Business Combination, each outstanding share of Volato capital stock was converted into the right to receive approximately 1.01508 shares of
        Class A Common Stock. Additionally, the outstanding shares of PACI Class B common stock automatically converted to shares of Class A Common Stock.</div>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; font-style: italic;">Registration Rights Agreement</div>
      <div>&#160;</div>
      <div style="text-align: justify;">In connection with the execution of the Business Combination Agreement, the Issuer, the Reporting Person, and certain stockholders of each of PACI and Volato entered into an amended and restated registration rights
        agreement (the &#8220;<u>Registration Rights Agreement</u>&#8221;), which took effect upon the consummation of the Business Combination. Pursuant to the Registration Rights Agreement, the Reporting Person is entitled to certain registration rights with respect
        to its shares of Volato.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic;">Sponsor Support Agreement</div>
      <div>&#160;</div>
      <div style="text-align: justify;">In connection with the execution of the Business Combination Agreement, the Reporting person entered into a support agreement with Volato and PACI entered into the Sponsor Support Agreement, pursuant to which the
        Reporting Person has agreed to vote all Founder Shares beneficially owned by it in favor of the Business Combination. Further, pursuant to the Sponsor Support Agreement, the Reporting Person agrees to use up to 50% of the Founder Shares to satisfy
        its obligations with respect to PACI Available Cash (as defined therein).</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The foregoing descriptions of the Registration Rights Agreement and Sponsor Support Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, which
        are respectively attached as Exhibit 99.2 and Exhibit 99.3 to the Schedule 13D and are incorporated herein by reference.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic;">General</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Reporting Person acquired the securities described in this Schedule 13D for investment purposes and intends to review its investments in the Issuer on a continuing basis. Any actions the Reporting Person might
        undertake may be made at any time and from time to time without prior notice and will be dependent upon the Reporting Person&#8217;s review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer&#8217;s business, financial
        condition, operations and prospects; price levels of the Issuer&#8217;s securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Subject to the terms of the Sponsor Support Agreement, the Reporting Person may acquire additional securities of the Issuer, or retain or sell all or a portion of the securities then held, in the open market or in
        privately negotiated transactions. In addition, the Reporting Person and its designee to the Issuer&#8217;s board of directors (the &#8220;<u>Board</u>&#8221;) may engage in discussions with management, the Board, and securityholders of the Issuer and other relevant
        parties or encourage, cause or seek to cause the Issuer or such persons to consider or explore extraordinary corporate transactions, such as: a merger, reorganization or other transaction that could result in the de-listing or de-registration of
        the Class A Common Stock; sales or acquisitions of assets or businesses; changes to the capitalization or distribution policy of the Issuer; or other material changes to the Issuer&#8217;s business or corporate structure, including changes in management
        or the composition of the Board.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Other than as described above, neither the Reporting Person nor any Related Person currently have any plans or proposals that relate to, or would result in, any of the matters listed in Items 4(a)&#8211;(j) of Schedule
        13D, although, depending on the factors discussed herein, the Reporting Person may change its purpose or formulate different plans or proposals with respect thereto at any time.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z45d166c0fabf40e384516746797f01a6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 5.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;"><u>Interest in Securities of the Issuer</u></div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zce5169f564be4313896461517088bc61" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;">(a).</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Reporting Person owns 5,507,813 shares of Class A Common Stock. The Reporting Person&#8217;s holdings represent an aggregate of approximately 19.64% of the Issuer&#8217;s issued and outstanding shares of Class A Common Stock (based on 28,043,449
                shares of Class A Common Stock outstanding as of December 1, 2023, as reported in the Issuer&#8217;s Current Report on Form 8-K filing with the SEC).</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 18pt;">The information set forth in Item 3 of this Schedule 13D regarding certain contingent rights to receive additional Class A Common Stock is hereby incorporated by reference into this Item 5(a).</div>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z81f73a7cc7d34fe5b38d9780c8526684" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;">(b).</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Reporting Person has the sole power to vote and dispose of 5,507,813 shares of Class A Common Stock. The Reporting Person has the shared power to vote or dispose of zero shares of Class A Common Stock.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 18pt;">The above amount includes 5,507,813 Founder Shares automatically converted to Class A Common Stock upon consummation of the Business Combination and does not include the Private Placement Warrants
        to purchase Class A Common Stock exercisable within 60 days of December 1, 2023. The Reporting Person is controlled by its manager, PROOF Sponsor Management LLC (the "Manager"). The managing members of the Manager are John C. Backus, Jr., Steven P.
        Mullins and Michael W. Zarlenga. No person individually has the power to vote or control the interests of the Sponsor. Each individual disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
        Accordingly, none of the managing members is deemed to have or share beneficial ownership of the founder shares held by the Sponsor.</div>
      <div style="margin-left: 18pt;">&#160;</div>
      <div style="text-align: justify; margin-left: 18pt;">Upon consummation of the Business Combination, Vellar Opportunities Fund Master, Ltd. (&#8220;<u>Vellar</u>&#8221;) entered into an agreement (the &#8220;<u>Forward Purchase Agreement</u>&#8221;) with PACI and Volato,
        pursuant to which Vellar agreed to purchase up to 2.0 million shares of Class A Common Stock. Except as described above and in Items 3 and 4, during the past 60 days, neither the Reporting Person nor the Related Persons has effected any
        transactions with respect to the Class A Common Stock.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z1982ca07f8654fb386882153cc929492" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;">(c).</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Not applicable.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
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          <tr>
            <td style="width: 18pt; vertical-align: top;">(d).</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Not applicable.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
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          <tr>
            <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 6.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;"><u>Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</u></div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">Item 4 above summarizes certain provisions of the Registration Rights Agreement and Sponsor Support Agreement and is incorporated herein by reference. Each of the Registration Rights Agreement and Sponsor Support
        Agreement is incorporated herein by reference.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Except as set forth herein, neither the Reporting Person nor any Related Person has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of
        the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder&#8217;s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of
        profits, division of profits or losses, or the giving or withholding of proxies.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zdc4355951874419a83a6620ac397e21d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 7.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;"><u>Materials to Be Filed as Exhibits</u></div>
            </td>
          </tr>

      </table>
      <div style="text-align: center;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z1b5d22973ca642eca94813739eb8a0e6" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">Exhibit Number</div>
            </td>
            <td style="width: 1%; vertical-align: top;"><br>
            </td>
            <td style="width: 92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">Description of Exhibit</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 1%; vertical-align: top;"><br>
            </td>
            <td style="width: 92%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0);">99.1</div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);">Business Combination Agreement, dated as of August 1, 2023 by and among PROOF Acquisition Corp i, PACI Merger Sub Inc. and Volato, Inc. (incorporated by reference to Exhibit 2.1 to the
                Issuer&#8217;s Current Report on Form 8-K filed on August 2, 2023)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 1%; vertical-align: top;"><br>
            </td>
            <td style="width: 92%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0);"><a href="ef20016445_ex99-2.htm">99.2</a></div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);">Amended and Restated Registration Rights Agreement</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 1%; vertical-align: top;"><br>
            </td>
            <td style="width: 92%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0);">99.3</div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);">Sponsor Support Agreement (incorporated by reference to Exhibit 10.1 to the Issuer&#8217;s Current Report on Form 8-K filed on August 2, 2023)</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
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      <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: justify;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
      <div style="text-align: center;"> <br>
      </div>
      <div>Date: December 11, 2023</div>
      <div><br>
      </div>
      <div>PROOF Acquisition Sponsor I, LLC</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z9e31e227e55947e08fe9a691db58b2c0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">By:</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
              <div>Michael W. Zarlenga</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>2
<FILENAME>ef20016445_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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  <div><font style="font-weight: bold;"> </font>
    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.2</font><br>
    </div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">AMENDED AND RESTATED REGISTRATION AND STOCKHOLDER RIGHTS AGREEMENT</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">THIS&#160; AMENDED&#160; AND&#160; RESTATED&#160; REGISTRATION&#160; AND&#160; STOCKHOLDER RIGHTS AGREEMENT (this &#8220;<font style="font-weight: bold; font-style: italic;">Agreement</font>&#8221;), dated as of December 1, 2023, is made and
      entered into by and among PROOF Acquisition Corp I, a Delaware corporation (the &#8220;<font style="font-weight: bold; font-style: italic;">Company</font>&#8221;), PROOF Acquisition Sponsor I, LLC, a Delaware limited liability company (the &#8220;<font style="font-weight: bold; font-style: italic;">Sponsor</font>&#8221;), and the undersigned parties listed under Holder on the signature page hereto (each such party, together with the Sponsor and any person or entity who hereafter becomes a party to this
      Agreement pursuant to <u>Section 5.2</u> of this Agreement, a &#8220;<font style="font-weight: bold; font-style: italic;">Holder</font>&#8221; and collectively the &#8220;<font style="font-weight: bold; font-style: italic;">Holders</font>&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">RECITALS</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; font-size: 12pt; text-indent: 45pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Company entered into that certain Business Combination Agreement (the &#8220;<font style="font-weight: bold; font-style: italic;">Agreement</font>&#8221;), dated as of August 1, 2023, by and among the Company, PACI Merger Sub, Inc., a Delaware corporation (&#8220;<font style="font-weight: bold; font-style: italic;">Merger Sub</font>&#8221;), and
        Volato, Inc., a Georgia corporation (&#8220;<font style="font-weight: bold; font-style: italic;">Volato</font>&#8221;);</font></div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; font-size: 12pt; text-indent: 45pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, certain of the Holders (the &#8220;<font style="font-weight: bold; font-style: italic;">Original

          Holders</font>&#8221;) are party to a Registration and Stockholder Rights Agreement, dated December 1, 2021 (the &#8220;<font style="font-weight: bold; font-style: italic;">Prior Agreement</font>&#8221;), pursuant to which the Company provided the Original Holders
        with certain rights relating to the registration of the securities held by them; and</font></div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; font-size: 12pt; text-indent: 45pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, as a condition of, and as a material inducement for Volato to enter into and
        consummate the transactions contemplated by the Merger Agreement (the &#8220;<font style="font-weight: bold; font-style: italic;">Business Combination</font>&#8221;), the Company and the Original Holders have agreed to amend and restate the Prior Agreement in
        its entirety to provide certain rights relating to (i) the registration of shares of Common Stock (as defined below) held by stockholders of Volato and the Company, as of and contingent upon the closing of the Business Combination, (ii) the
        registration of the Founder Shares (as defined herein) and (ii) the registration of warrants held by Sponsor and certain funds and accounts managed by subsidiaries of BlackRock, Inc.</font></div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; font-size: 12pt; text-indent: 45pt;"><font style="font-size: 10pt; font-weight: bold;">NOW, THEREFORE</font><font style="font-size: 10pt;">, in consideration of the mutual covenants and agreements set forth herein, and
        for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Prior Agreement is hereby amended and restated in its entirety, as of and contingent upon the closing of the
        Business Combination as follows:</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 5.8pt; margin-left: 5.95pt; font-size: 8pt;"> <font style="font-size: 10pt;"><br>
      </font></div>
    <div style="text-align: center; font-weight: bold;">ARTICLE 1</div>
    <div style="text-align: center; font-weight: bold;">DEFINITIONS</div>
    <div>&#160;</div>
    <div>
      <div>
        <div style="font-size: 12pt; text-indent: 45pt; text-align: justify;"><font style="font-weight: bold; font-size: 10pt;">1.1 &#160; &#160; </font><font style="font-size: 10pt;"><u>Definitions</u>. The terms defined in this <font style="font-style: italic;">Article

              I </font>shall, for all purposes of this Agreement, have the respective meanings set forth below:</font></div>
        <div style="font-size: 8pt;"> <font style="font-size: 10pt;"><br>
          </font></div>
      </div>
    </div>
    <!--PROfilePageNumberReset%Num%2%%%-->
    <div style="text-indent: 45pt; text-align: justify;">&#8220;<font style="font-weight: bold; font-style: italic;">Adverse Disclosure</font>&#8221; shall mean any public disclosure of material non-public information, which disclosure, in the good faith judgment of
      the principal executive officer or principal financial officer of the Company, after consultation with counsel to the Company, (i) would be required to be made in any Registration Statement or Prospectus in order for the applicable Registration
      Statement or Prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein (in the case of any prospectus and any preliminary prospectus, in the light of the
      circumstances under which they were made) not misleading, (ii) would not be required to be made at such time if the Registration Statement were not being filed, and (iii) the Company has a bona fide business purpose for not making such information
      public.</div>
    <div style="text-indent: 45pt;">&#160;</div>
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    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agreement</font>&#8221; shall have the meaning given in the Preamble.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Block Trade</font>&#8221; means an offering and/or sale of Registrable Securities by any Holder on a block trade or underwritten basis (whether firm
      commitment or otherwise) without substantial marketing efforts prior to pricing, including, without limitation, a same day trade, overnight trade or similar transaction.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Board</font>&#8221; shall mean the Board of Directors of the Company.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; font-size: 12pt; text-indent: 45pt;"><font style="font-size: 10pt; font-style: italic;">&#8220;</font><font style="font-size: 10pt; font-weight: bold; font-style: italic;">Class B Common Stock</font><font style="font-size: 10pt; font-style: italic;">&#8221; </font><font style="font-size: 10pt;">shall mean the Class B Common Stock, par value $0.0001, of the Company as set forth in its Certificate of Incorporation.</font></div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Closing Date</font>&#8221; means the closing date of the Business Combination and has the meaning set forth in the Agreement.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Commission</font>&#8221; shall mean the U.S. Securities and Exchange Commission.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Common Stock</font>&#8221; means the Company&#8217;s Class A common stock, par value $0.0001 per share.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Company</font>&#8221; shall have the meaning given in the Preamble.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Demand Registration</font>&#8221; shall have the meaning given in <u>subsection 2.1.2</u>. </div>
    <div style="margin-left: 45pt;"> <br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Demanding Holder</font>&#8221; shall have the meaning given in <u>subsection 2.1.2</u>.</div>
    <div> <br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Exchange Act</font>&#8221; shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Form S-1</font>&#8221; shall have the meaning given in <u>subsection 2.1.1</u>. </div>
    <div style="margin-right: 110.2pt; margin-left: 42pt;"> <br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Form S-3</font>&#8221; shall have the meaning given in <u>subsection 2.3.1</u>.</div>
    <div style="text-indent: 36pt; margin-right: 2.1pt; margin-left: 6pt;"> <br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Founder Shares</font>&#8221; shall mean the shares of Class B Common Stock and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
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    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Founder Shares Lock-up Period</font>&#8221; shall mean, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the
      completion of the Company&#8217;s initial Business Combination and (B) subsequent to the Business Combination, (x) if the last reported sales price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends,
      reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company&#8217;s initial Business Combination or (y) the date on which the Company completes a liquidation,
      merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company&#8217;s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Holders</font>&#8221; shall have the meaning given in the Preamble.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Insider Letter</font>&#8221; shall mean that certain letter agreement, dated as of the date hereof, by and between the Company, the Sponsor and each of
      the Company&#8217;s officers, directors and director nominees.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Maximum Number of Securities</font>&#8221; shall have the meaning given in <u>subsection 2.1.4</u>. </div>
    <div style="text-align: justify; margin-right: 5.85pt; margin-left: 42pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Misstatement</font>&#8221; shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a
      Registration Statement or Prospectus, or necessary to make the statements in a Registration Statement or Prospectus (in the case of a Prospectus, in the light of the circumstances under which they were made) not misleading.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Other Coordinated Offering</font>&#8221; shall have the meaning given in <u>subsection 2.6.1</u>. </div>
    <div style="text-align: justify; text-indent: -3pt; margin-right: 5.9pt; margin-left: 45pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Permitted Transferees</font>&#8221; shall mean a person or entity to whom a Holder of Registrable Securities is permitted to transfer such Registrable
      Securities prior to the expiration of the Founder Shares Lock-up Period or Private Placement Lock-up Period, as the case may be, under the Insider Letter and any other applicable agreement between such Holder and the Company, and to any transferee
      thereafter.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Piggyback Registration</font>&#8221; shall have the meaning given in <u>subsection 2.2.1</u>.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Private Placement Lock-up Period</font>&#8221; shall mean, with respect to Private Placement Warrants that are held by the initial purchasers of such
      Private Placement Warrants or their Permitted Transferees, and any of the Common Stock issued or issuable upon the exercise or conversion of the Private Placement Warrants and that are held by the initial purchasers of the Private Placement Warrants
      or their Permitted Transferees, the period ending 30 days after the completion of the Company&#8217;s initial Business Combination.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Private Placement Warrants</font>&#8221; shall mean the 15,226,000 warrants purchased by certain Holders in connection with the Company&#8217;s initial
      public offering.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Prospectus</font>&#8221; shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as
      amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
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    </div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Registrable Security</font>&#8221; shall mean (a) the Founder Shares (including any shares of Common Stock or other equivalent equity security issued
      or issuable upon the conversion of any such Founder Shares or exercisable for Common Stock), (b) the Private Placement Warrants (including any shares of Common Stock issued or issuable upon the exercise of any such Private Placement Warrants), (c)
      all shares of Common Stock (i) issued or issuable to Holders in connection with the Business Combination (including shares of Common Stock that may be issued after the closing of the Business Combination pursuant to the Agreement) and (ii) held by
      the Original Holders immediately after the closing of the Business Combination (including shares of Common Stock acquired by the Original Holders in connection with the Business Combination (d) any outstanding shares of Common Stock or any other
      equity security (including the shares of Common Stock issued or issuable upon the exercise of any other equity security) of the Company held by a Holder as of the date of this Agreement, and (e) any other equity security of the Company issued or
      issuable with respect to any such shares of Common Stock by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization; <u>provided</u>, <u>however</u>, that, as
      to any particular Registrable Security, such securities shall cease to be Registrable Securities when: (i) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities
      shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (ii) such securities shall have been otherwise transferred and new certificates for such securities not bearing a legend restricting further
      transfer shall have been delivered by the Company and subsequent public distribution of such securities shall not require registration under the Securities Act; (iii) such securities shall have ceased to be outstanding; or (iv) such securities have
      been sold to, or through, a broker, dealer or underwriter in a public distribution or other public securities transaction.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Registration</font>&#8221; shall mean a registration effected by preparing and filing a registration statement or similar document in compliance with
      the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement becoming effective.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Registration Expenses</font>&#8221; shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">(A) all registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority, Inc.) and any securities exchange on which the
      Common Stock are then listed;</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">(B) fees and expenses of compliance with securities or &#8220;blue sky&#8221; laws of the United States (including reasonable fees and disbursements of counsel for the Underwriters in connection with &#8220;blue sky&#8221;
      qualifications of Registrable Securities);</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div>
      <div style="text-indent: 45pt;">(C) printing, messenger, telephone and delivery expenses;</div>
    </div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div>
      <div style="text-indent: 45pt;">(D) reasonable fees and disbursements of counsel for the Company;</div>
    </div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">(E) reasonable fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with such Registration; and</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">(F) reasonable fees and expenses of one (1) legal counsel selected by the majority-in-interest of the Demanding Holders initiating a Demand Registration to be registered for offer and sale in the
      applicable Registration or the Takedown Requesting Holder initiating an Underwritten Shelf Takedown.</div>
    <div>&#160;</div>
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    </div>
    <!--PROfilePageNumberReset%Num%5%%%-->
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Registration Statement</font>&#8221; shall mean any registration statement filed by the Company with the Commission in compliance with the Securities
      Act (other than a registration statement on Form S-4 or Form S-8, or their successors, or any registration statement covering only securities proposed to be issued in exchange for securities or assets of another entity) and the rules and regulations
      promulgated thereunder for the public offering and sale of the Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments) and
      supplements to such registration statement, and all exhibits to and all material incorporated by reference in such registration statement.</div>
    <div><br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Requesting Holder</font>&#8221; shall have the meaning given in <u>subsection 2.1.1</u>.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Securities Act</font>&#8221; shall mean the Securities Act of 1933, as amended from time to time. </div>
    <div style="margin-left: 42pt;"> <br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Shelf</font>&#8221; shall have the meaning given in <u>subsection 2.3.1</u>.</div>
    <div style="margin-left: 42pt;"> <br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Sponsor</font>&#8221; shall have the meaning given in the Recitals hereto.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Sponsor Director</font>&#8221; means an individual elected to the Board that has been nominated by the Sponsor pursuant to this Agreement.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Sponsor Group</font>&#8221; shall mean the Sponsor and parties affiliated with the Sponsor. </div>
    <div style="margin-left: 42pt;"> <br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Subsequent Shelf Registration</font>&#8221; shall have the meaning given in <u>subsection 2.3.2</u>. </div>
    <div style="margin-left: 42pt;"> <br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Takedown Requesting Holder</font>&#8221; shall have the meaning given in <u>subsection 2.3.3</u>. </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Transfer</font>&#8221; shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase
      or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the
      Exchange Act with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by
      delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Underwriter</font>&#8221; shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such dealer&#8217;s
      market-making activities.</div>
    <div><br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Underwritten Registration</font>&#8221; or &#8220;<font style="font-weight: bold; font-style: italic;">Underwritten Offering</font>&#8221; shall mean a Registration in which securities
      of the Company are sold to an Underwriter in a firm commitment underwriting for distribution to the public.</div>
    <div><br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Underwritten Shelf Takedown</font>&#8221; shall have the meaning given in <u>subsection 2.3.3</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 45pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Withdrawal Notice</font>&#8221; is defined in <u>subsection 2.1.4</u>.</div>
    <div>&#160;</div>
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    </div>
    <div style="text-align: center; font-weight: bold;">ARTICLE 2 </div>
    <div style="text-align: center; font-weight: bold;">REGISTRATIONS</div>
    <div>&#160;</div>
    <div>
      <div style="font-weight: bold; text-indent: 45pt;">2.1&#160;&#160;&#160;&#160; Registration Statement</div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.1.1</font>&#160;&#160;&#160; <font style="font-weight: bold;">Registration Statement</font>. The Company shall use commercially reasonable efforts to, as soon as practicable
      after the Closing, but in any event within forty five (45) days following the date of consummation of the Business Combination, file a Registration Statement under the Securities Act to permit the public resale of all the Registrable Securities held
      by the Holders from time to time as permitted by Rule 415 under the Securities Act (or any successor or similar provision adopted by the Commission then in effect) on the terms and conditions specified in this <u>subsection 2.1.1</u> and shall use
      commercially reasonable efforts to cause such Registration Statement to be declared effective as soon as practicable after the filing thereof. The Registration Statement filed with the Commission pursuant to this <u>subsection 2.1.1</u> shall be on
      Form S-1 or such other form of registration statement as is then available to effect a registration for resale of such Registrable Securities, covering such Registrable Securities, and shall contain a Prospectus in such form as to permit any Holder
      to sell such Registrable Securities pursuant to Rule 415 under the Securities Act (or any successor or similar provision adopted by the Commission then in effect) at any time beginning on the effective date for such Registration Statement. A
      Registration Statement filed pursuant to this <u>subsection 2.1.1</u> shall provide for the resale pursuant to any method or combination of methods legally available to, and requested by, the Holders. The Company shall use commercially reasonable
      efforts to cause a Registration Statement filed pursuant to this <u>subsection 2.1.1</u> to remain effective, and to be supplemented and amended to the extent necessary to ensure that such Registration Statement is available or, if not available,
      that another registration statement is available, for the resale of all the Registrable Securities held by the Holders until all such Registrable Securities have ceased to be Registrable Securities. As soon as practicable following the effective date
      of a Registration Statement filed pursuant to this <u>subsection 2.1.1</u>, but in any event within three (3) Business Days of such date, the Company shall notify the Holders of the effectiveness of such Registration Statement. When effective, a
      Registration Statement filed pursuant to this subsection 2.1.1 (including any documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and
      will not contain 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 not misleading (in the case of any Prospectus contained in such Registration Statement,
      in the light of the circumstances under which such statement is made).</div>
    <div>&#160;</div>
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.1.2</font>&#160;&#160;&#160; <font style="font-weight: bold;">Underwritten Offering</font>. In the event that following the expiration of any applicable lockup period, any Holder
      or group of Holders elects to dispose of Registrable Securities under a Registration Statement pursuant to an Underwritten Offering of all or part of such Registrable Securities that are registered by such Registration Statement (a &#8220;<font style="font-weight: bold; font-style: italic;">Demand Registration</font>&#8221;) and reasonably expects aggregate gross proceeds in excess of $25,000,000 (the &#8220;<font style="font-weight: bold; font-style: italic;">Minimum Amount</font>&#8221;) from such
      Underwritten Offering, then the Company shall, upon the written demand of such Holder or group of Holders (any such Holder, a &#8220;<font style="font-weight: bold; font-style: italic;">Demanding Holder</font>&#8221; and, collectively, the &#8220;<font style="font-weight: bold; font-style: italic;">Demanding Holders</font>&#8221;), enter into an underwriting agreement in a form as is customary in Underwritten Offerings of equity securities with the managing Underwriter or Underwriters selected by the
      Company after consultation with the Demanding Holders and shall take all such other reasonable actions as are requested by the managing Underwriter or Underwriters in order to expedite or facilitate the disposition of such Registrable Securities;
      provided, however, that the Company shall have no obligation to facilitate or participate in more than (i) one (1) Underwritten Offering at the request of Demanding Holders that are a member of the Sponsor Group, and (ii) one (1) Underwritten
      Offering at the request of Demanding Holders that are not members of the Sponsor Group.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">The Company shall give prompt written notice to each other Holder regarding any such proposed Underwritten Offering, and such notice shall offer such Holder the opportunity to include in the Underwritten Offering such
      number of Registrable Securities as each such Holder may request. Each such Holder shall make such request in writing to the Company within five (5) Business Days after the receipt of any such notice from the Company, which request shall specify the
      number of Registrable Securities intended to be disposed of by such Holder. In connection with any Underwritten Offering contemplated by this subsection 2.1.2, the underwriting agreement into which each Demanding Holder and the Company shall enter
      shall contain such representations, covenants, indemnities (subject to <u>Sections 4.1 and 4.2</u>) and other rights and obligations as are customary in underwritten offerings of equity securities. No Demanding Holder shall be required to make any
      representations or warranties to or agreements with the Company or the Underwriters other than representations, warranties or agreements regarding such Demanding Holder&#8217;s authority to enter into such underwriting agreement and to sell, and its
      ownership of, the securities being registered on its behalf, its intended method of distribution and any other representation required by law.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.1.3</font>&#160;&#160;&#160; <u>Reduction of Underwritten Offering</u>. If the managing Underwriter or Underwriters in an Underwritten Registration pursuant to a Demand
      Registration, in good faith, advises the Company, the Demanding Holders and the Requesting Holders (if any) in writing that the dollar amount or number of Registrable Securities that the Demanding Holders and the Requesting Holders (if any) desire to
      sell, taken together with all other Common Stock or other equity securities that the Company desires to sell and the Common Stock, if any, as to which a Registration has been requested pursuant to separate written contractual piggy-back registration
      rights held by any other stockholders who desire to sell, exceeds the maximum dollar amount or maximum number of equity securities that can be sold in the Underwritten Offering without adversely affecting the proposed offering price, the timing, the
      distribution method, or the probability of success of such offering (such maximum dollar amount or maximum number of such securities, as applicable, the &#8220;<font style="font-weight: bold; font-style: italic;">Maximum Number of Securities</font>&#8221;), then
      the Company shall include in such Underwritten Offering, as follows: (i) first, the Registrable Securities of the Demanding Holders and the Requesting Holders (if any) (pro rata based on the respective number of Registrable Securities that each
      Demanding Holder and Requesting Holder (if any) has requested be included in such Underwritten Registration and the aggregate number of Registrable Securities that the Demanding Holders and Requesting Holders have requested be included in such
      Underwritten Registration (such proportion is referred to herein as &#8220;<font style="font-weight: bold; font-style: italic;">Pro Rata</font>&#8221;)) that can be sold without exceeding the Maximum Number of Securities; (ii) second, to the extent that the
      Maximum Number of Securities has not been reached under the foregoing clause (i), the Common Stock or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities; and (iii) third, to
      the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), the Common Stock or other equity securities of other persons or entities that the Company is obligated to register in a Registration
      pursuant to separate written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of Securities.</div>
    <div>&#160;</div>
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.1.4</font>&#160;&#160; <u>Demand Registration Withdrawal</u>. A majority-in-interest of the Demanding Holders initiating a Demand Registration or a majority-in-interest of
      the Requesting Holders (if any), pursuant to a Registration under <u>subsection 2.1.1</u> shall have the right to withdraw from a Registration pursuant to such Demand Registration for any or no reason whatsoever upon written notification (a &#8220;<font style="font-weight: bold; font-style: italic;">Withdrawal Notice</font>&#8221;) to the Company and the Underwriter or Underwriters (if any) of their intention to withdraw from such Registration prior to the effectiveness of the Registration Statement
      filed with the Commission with respect to the Registration of their Registrable Securities pursuant to such Demand Registration. Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration
      Expenses incurred in connection with a Registration pursuant to a Demand Registration prior to its withdrawal under this <u>subsection 2.1.4</u>.</div>
    <div>&#160;</div>
    <div>
      <div style="margin-left: 45pt;">
        <div>
          <div>2.2&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Piggyback Registration</font>.</div>
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.2.1</font>&#160;&#160;&#160; <u>Piggyback Rights</u>. If, at any time on or after the date the Company consummates a Business Combination, the Company proposes to file a
      Registration Statement under the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into equity securities, for its own account or for the account of
      stockholders of the Company (or by the Company and by the stockholders of the Company including, without limitation, pursuant to <u>Section 2.1</u> hereof), other than a Registration Statement (i) filed in connection with any employee stock option
      or other benefit plan, (ii) for an exchange offer or offering of securities solely to the Company&#8217;s existing stockholders, (iii) for an offering of debt that is convertible into equity securities of the Company or (iv) for a dividend reinvestment
      plan, then the Company shall give written notice of such proposed filing to all of the Holders of Registrable Securities as soon as practicable but not less than seven (7) days before the anticipated filing date of such Registration Statement, which
      notice shall (A) describe the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, in such offering, and (B) offer to all of
      the Holders of Registrable Securities the opportunity to register the sale of such number of Registrable Securities as such Holders may request in writing within three (3) business days after receipt of such written notice (such Registration a &#8220;<font style="font-weight: bold; font-style: italic;">Piggyback Registration</font>&#8221;). The Company shall, in good faith, cause such Registrable Securities to be included in such Piggyback Registration and shall use its best efforts to cause the managing
      Underwriter or Underwriters of a proposed Underwritten Offering to permit the Registrable Securities requested by the Holders pursuant to this <u>subsection 2.2.1</u> to be included in a Piggyback Registration on the same terms and conditions as any
      similar securities of the Company included in such Registration and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof. All such Holders proposing to distribute
      their Registrable Securities through an Underwritten Offering under this <u>subsection 2.2.1</u> shall enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the Company. The notice
      periods set forth in this <u>subsection 2.2.1</u> shall not apply to an Underwritten Shelf Takedown conducted in accordance with <u>subsection 2.3.3.</u></div>
    <div>&#160;</div>
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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.2.2</font>&#160;&#160; <u>Reduction of Piggyback Registration</u>. If the managing Underwriter or Underwriters in an Underwritten Registration that is to be a Piggyback
      Registration (other than Underwritten Shelf Takedown), in good faith, advises the Company and the Holders of Registrable Securities participating in the Piggyback Registration in writing that the dollar amount or number of the shares of Common Stock
      that the Company desires to sell, taken together with (i) the Common Stock, if any, as to which Registration has been demanded pursuant to separate written contractual arrangements with persons or entities other than the Holders of Registrable
      Securities hereunder, (ii) the Registrable Securities as to which registration has been requested pursuant <u>Section 2.2</u> hereof, and (iii) the Common Stock, if any, as to which Registration has been requested pursuant to separate written
      contractual piggy-back registration rights of other stockholders of the Company, exceeds the Maximum Number of Securities, then:</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; If the Registration is undertaken for the Company&#8217;s account, the Company shall include in any such Registration (A) first, the Common Stock or other equity securities that the Company
      desires to sell, which can be sold without exceeding the Maximum Number of Securities; and (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable Securities of Holders
      exercising their rights to register their Registrable Securities pursuant to <u>subsection 2.2.1</u> hereof, Pro Rata based on the respective number of Registrable Securities that each Holder has so requested exercising its rights to register its
      Registrable Securities pursuant to <u>subsection 2.2.1</u> hereof, which can be sold without exceeding the Maximum Number of Securities; and (C) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing
      clauses (A) and (B), the Common Stock, if any, as to which Registration has been requested pursuant to written contractual piggy-back registration rights of other stockholders of the Company, which can be sold without exceeding the Maximum Number of
      Securities;</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; If the Registration is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the Company shall include in any such Registration (A) first, the
      Common Stock or other equity securities, if any, of such requesting persons or entities, other than the Holders of Registrable Securities, which can be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the
      Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable Securities of Holders exercising their rights to register their Registrable Securities pursuant to <u>subsection</u>&#160;<u>2.2.1</u>, Pro Rata, which can
      be sold without exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A) and (B), the Common Stock or other equity securities that the Company
      desires to sell, which can be sold without exceeding the Maximum Number of Securities; and (D) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A), (B) and (C), the Common Stock or other
      equity securities for the account of other persons or entities that the Company is obligated to register pursuant to separate written contractual arrangements with such persons or entities, which can be sold without exceeding the Maximum Number of
      Securities.</div>
    <div><br>
    </div>
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.2.3</font>&#160;&#160;&#160; <u>Piggyback Registration Withdrawal</u>. Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback Registration for any
      or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of his, her or its intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed
      with the Commission with respect to such Piggyback Registration. The Company (whether on its own good faith determination or as the result of a request for withdrawal by persons pursuant to separate written contractual obligations) may withdraw a
      Registration Statement filed with the Commission in connection with a Piggyback Registration at any time prior to the effectiveness of such Registration Statement. Notwithstanding anything to the contrary in this Agreement, the Company shall be
      responsible for the Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under this <u>subsection 2.2.3</u>.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.2.4</font>&#160;&#160;&#160; <u>Unlimited Piggyback Registration Rights</u>. For purposes of clarity, any Registration effected pursuant to <u>Section 2.2</u> hereof shall not
      be counted as a Registration pursuant to a Demand Registration effected under <u>Section 2.1</u> hereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">2.3</font>&#160;&#160;&#160;&#160; <u>Market Standoff.</u> In connection with any Underwritten Offering of equity securities of the Company, each Holder that elects to participate in
      the Underwritten Offering pursuant to the terms of this Agreement agrees that it shall not Transfer any shares of Common Stock or other equity securities of the Company (other than those included in such offering pursuant to this Agreement), without
      the prior written consent of the Company, during the 60- day period beginning on the date of pricing of such offering or such shorter period during which the Company agrees not to conduct an underwritten primary offering of Common Stock, except in
      the event the Underwriters managing the offering otherwise agree by written consent. Each Holder agrees to execute a customary lock-up agreement in favor of the Underwriters to such effect (in each case on substantially the same terms and conditions
      as all such Holders).</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">
      <div style="margin-left: 45pt;">2.4&#160;&#160;&#160;&#160; <font style="color: rgb(1, 0, 0);">Shelf </font>Registrations.</div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.4.1</font>&#160;&#160;&#160; The Holders of Registrable Securities may at any time, and from time to time, request in writing that the Company, pursuant to Rule 415 under the
      Securities Act (or any successor rule promulgated thereafter by the Commission), register the resale of any or all of their Registrable Securities on Form S-3 or similar short form registration statement that may be available at such time (&#8220;<font style="font-weight: bold; font-style: italic;">Form S-3</font>&#8221;), or if the Company is ineligible to use Form S-3, on Form S- 1; a registration statement filed pursuant to this <u>subsection 2.3.1</u> (a &#8220;<font style="font-weight: bold; font-style: italic;">Shelf</font>&#8221;) shall provide for the resale of the Registrable Securities included therein pursuant to any method or combination of methods legally available to, and requested by, any Holder. Within three (3) days of the
      Company&#8217;s receipt of a written request from a Holder or Holders of Registrable Securities for a Registration on a Shelf, the Company shall promptly give written notice of the proposed Registration to all other Holders of Registrable Securities, and
      each Holder of Registrable Securities who thereafter wishes to include all or a portion of such Holder&#8217;s Registrable Securities in such Registration shall so notify the Company, in writing, within three (3) business days after the receipt by the
      Holder of the notice from the Company. As soon as practicable thereafter, but not more than ten (10) days after the Company&#8217;s initial receipt of such written request for a Registration on a Shelf, the Company shall register all or such portion of
      such Holder&#8217;s Registrable Securities as are specified in such written request, together with all or such portion of Registrable Securities of any other Holder or Holders joining in such request as are specified in the written notification given by
      such Holder or Holders; <u>provided</u>, <u>however</u>, that the Company shall not be obligated to effect any such Registration pursuant to this <u>subsection </u><u>2.3.1</u> if the Holders of Registrable Securities, together with the Holders
      of any other equity securities of the Company entitled to inclusion in such Registration, propose to sell the Registrable Securities and such other equity securities (if any) at any aggregate price to the public of less than $10,000,000. The Company
      shall maintain each Shelf in accordance with the terms hereof, and shall prepare and file with the SEC such amendments, including post-effective amendments, and supplements as may be necessary to keep such Shelf continuously effective, available for
      use and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Securities included on such Shelf. In the event the Company files a Shelf on Form S-1, the Company shall use its commercially
      reasonable efforts to convert the Form S-1 to a Form S-3 as soon as practicable after the Company is eligible to use Form S-3.</div>
    <div style="text-align: justify;"><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">10</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.4.2</font>&#160;&#160;&#160; If any Shelf ceases to be effective under the Securities Act for any reason at any time while Registrable Securities included thereon are still
      outstanding, the Company shall use its commercially reasonable efforts to as promptly as is reasonably practicable cause such Shelf to again become effective under the Securities Act (including obtaining the prompt withdrawal of any order suspending
      the effectiveness of such Shelf), and shall use its commercially reasonable efforts to as promptly as is reasonably practicable amend such Shelf in a manner reasonably expected to result in the withdrawal of any order suspending the effectiveness of
      such Shelf or file an additional registration statement (a &#8220;<font style="font-weight: bold; font-style: italic;">Subsequent Shelf Registration</font>&#8221;) registering the resale of all Registrable Securities including on such Shelf, and pursuant to any
      method or combination of methods legally available to, and requested by, any Holder. If a Subsequent Shelf Registration is filed, the Company shall use its commercially reasonable efforts to (i) cause such Subsequent Shelf Registration to become
      effective under the Securities Act as promptly as is reasonably practicable after the filing thereof and (ii) keep such Subsequent Shelf Registration continuously effective, available for use and in compliance with the provisions of the Securities
      Act until such time as there are no longer any Registrable Securities included thereon. Any such Subsequent Shelf Registration shall be on Form S-3 to the extent that the Company is eligible to use such form. Otherwise, such Subsequent Shelf
      Registration shall be on another appropriate form. In the event that any Holder holds Registrable Securities that are not registered for resale on a delayed or continuous basis, the Company, upon request of a Holder shall promptly use its
      commercially reasonable efforts to cause the resale of such Registrable Securities to be covered by either, at the Company&#8217;s option, a Shelf (including by means of a post-effective amendment) or a Subsequent Shelf Registration and cause the same to
      become effective as soon as practicable after such filing and such Shelf or Subsequent Shelf Registration shall be subject to the terms hereof; <u>provided</u>, <u>however</u>, the Company shall only be required to cause such Registrable Securities
      to be so covered once annually after inquiry of the Holders.</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">11</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.4.3</font>&#160; &#160; At any time and from time to time after a Shelf has been declared effective by the Commission, the Sponsor may request to sell all or any portion of
      its Registrable Securities in an underwritten offering that is registered pursuant to the Shelf (each, an &#8220;<font style="font-weight: bold; font-style: italic;">Underwritten Shelf Takedown</font>&#8221;); <u>provided</u> that the Company shall only be
      obligated to effect an Underwritten Shelf Takedown if such offering shall include securities with a total offering price (including piggyback securities and before deduction of underwriting discounts) reasonably expected to exceed, in the aggregate,
      $10,000,000. All requests for Underwritten Shelf Takedowns shall be made by giving written notice to the Company at least 48 hours prior to the public announcement of such Underwritten Shelf Takedown, which shall specify the approximate number of
      Registrable Securities proposed to be sold in the Underwritten Shelf Takedown and the expected price range (net of underwriting discounts and commissions) of such Underwritten Shelf Takedown. The Company shall include in any Underwritten Shelf
      Takedown the securities requested to be included by any holder (each a &#8220;<font style="font-weight: bold; font-style: italic;">Takedown Requesting Holder</font>&#8221;) at least 24 hours prior to the public announcement of such Underwritten Shelf Takedown
      pursuant to written contractual piggyback registration rights of such holder (including to those set forth herein). The Sponsor shall have the right to select the underwriter(s) for such offering (which shall consist of one or more reputable
      nationally recognized investment banks), subject to the Company&#8217;s prior approval which shall not be unreasonably withheld, conditioned or delayed. For purposes of clarity, any Registration effected pursuant to this <u>subsection 2.3.3</u> shall not
      be counted as a Registration pursuant to a Demand Registration effected under <u>Section 2.1</u> hereof.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.4.4</font>&#160;&#160;&#160; If the managing Underwriter or Underwriters in an Underwritten Shelf Takedown, in good faith, advises the Company, the Sponsor and the Takedown
      Requesting Holders (if any) in writing that the dollar amount or number of Registrable Securities that the Sponsor and the Takedown Requesting Holders (if any) desire to sell, taken together with all other Common Stock or other equity securities that
      the Company desires to sell, exceeds the Maximum Number of Securities, then the Company shall include in such Underwritten Shelf Takedown, as follows: (i) first, the Registrable Securities of the Sponsor that can be sold without exceeding the Maximum
      Number of Securities; (ii) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), the Common Stock or other equity securities that the Company desires to sell, which can be sold without
      exceeding the Maximum Number of Securities; and (iii) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), the Common Stock or other equity securities of the Takedown Requesting
      Holders, if any, that can be sold without exceeding the Maximum Number of Securities, determined Pro Rata based on the respective number of Registrable Securities that each Takedown Requesting Holder has so requested to be included in such
      Underwritten Shelf Takedown.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.4.5</font>&#160;&#160;&#160; The Sponsor shall have the right to withdraw from an Underwritten Shelf Takedown for any or no reason whatsoever upon written notification to the
      Company and the Underwriter or Underwriters (if any) of its intention to withdraw from such Underwritten Shelf Takedown prior to the public announcement of such Underwritten Shelf Takedown. Notwithstanding anything to the contrary in this Agreement,
      the Company shall be responsible for the Registration Expenses incurred in connection with an Underwritten Shelf Takedown prior to a withdrawal under this <u>subsection 2.3.5</u>.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">12</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">2.5</font>&#160;&#160;&#160; <u>Restrictions on Registration Rights</u>. If (A) <font style="color: rgb(1, 0, 0);">during the period </font>starting with the date sixty (60) days
      prior to the Company&#8217;s good faith estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of, a Company initiated Registration and provided that the Company has delivered written notice
      to the Holders prior to receipt of a Demand Registration pursuant to <u>subsection 2.1.1</u> and it continues to actively employ, in good faith, all reasonable efforts to cause the applicable Registration Statement to become effective; (B) the
      Holders have requested an Underwritten Registration and the Company and the Holders are unable to obtain the commitment of underwriters to firmly underwrite the offer; or (C) in the good faith judgment of the Board such Registration would be
      seriously detrimental to the Company and the Board concludes as a result that it is essential to defer the filing of such Registration Statement at such time, then in each case the Company shall furnish to such Holders a certificate signed by the
      Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company for such Registration Statement to be filed in the near future and that it is therefore essential to defer the filing of such
      Registration Statement. In such event, the Company shall have the right to defer such filing for a period of not more than thirty (30) days; <u>provided</u>, <u>however</u>, that the Company shall not defer its obligation in this manner more than
      once in any 12-month period. Notwithstanding anything to the contrary contained in this Agreement, no Registration shall be effected or permitted and no Registration Statement shall become effective, with respect to any Registrable Securities held by
      any Holder, until after the expiration of the Founder Shares Lock- Up Period or the Private Placement Lock-Up Period, as the case may be.</div>
    <div>&#160;</div>
    <div>
      <div style="font-weight: bold; margin-left: 45pt;">2.6&#160;&#160;&#160;&#160; Block Trades; Other Coordinated Offerings.</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.6.1</font>&#160;&#160; Notwithstanding the foregoing, at any time and from time to time when an effective Registration Statement is on file with the Commission and effective,
      if an Holder wishes to engage in (a) a Block Trade or (b) an &#8220;at the market&#8221; or similar registered offering through a broker, sales agent or distribution agent, whether as agent or principal (an &#8220;<font style="font-weight: bold; font-style: italic;">Other

        Coordinated Offering</font>&#8221;), in each case with a total offering price reasonably expected to exceed, in the aggregate, either (x) $35 million or (y) all remaining Registrable Securities held by the Holder, then notwithstanding the time periods
      provided for in <u>subsection 2.1.2</u>, such Holder shall notify the Company of the Block Trade or Other Coordinated Offering at least five (5) business days prior to the day such offering is to commence and the Company shall as expeditiously as
      possible use its commercially reasonable efforts to facilitate such Block Trade or Other Coordinated Offering; provided that the Holders representing a majority of the Registrable Securities wishing to engage in the Block Trade or Other Coordinated
      Offering shall use commercially reasonable efforts to work with the Company and any Underwriters or placement agents or sales agents prior to making such request in order to facilitate preparation of the registration statement, prospectus and other
      offering documentation related to the Block Trade or Other Coordinated Offering and any related due diligence and comfort procedures.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.6.2</font>&#160;&#160;&#160; Prior to the filing of the applicable &#8220;red herring&#8221; prospectus or prospectus supplement used in connection with a Block Trade or Other Coordinated
      Offering, a majority-in-interest of the Holders initiating such Block Trade or Other Coordinated Offering shall have the right to submit a Withdrawal Notice to the Company and the Underwriters or placement agents or sales agents (if any) of their
      intention to withdraw from such Block Trade or Other Coordinated Offering. Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with a Block Trade or Other
      Coordinated Offering prior to its withdrawal under this <u>subsection 2.4.2</u>.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.6.3</font>&#160;&#160;&#160; Notwithstanding anything to the contrary in this Agreement, <u>Section 2.2</u> hereof shall not apply to a Block Trade or Other Coordinated Offering
      initiated by an Holder pursuant to this <u>Section 2.4</u>.</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">13</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">2.6.4</font>&#160;&#160;&#160; The majority-in-interest of the Holders initiating such Block Trade shall have the right to select the Underwriters and any sale agents or placement
      agents (if any) for such Block Trade or Other Coordinated Offering (in each case, which shall consist of one or more reputable nationally recognized investment banks).</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE 3 </div>
    <div style="text-align: center; font-weight: bold;">COMPANY PROCEDURES</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">3.1</font>&#160;&#160;&#160;&#160; <u>General Procedures</u>. If at any time on or after the date the Company consummates a Business Combination the Company is required to effect the
      Registration of Registrable Securities, the Company shall use its best efforts to effect <font style="color: rgb(1, 0, 0);">such </font>Registration to permit the sale of such Registrable Securities in accordance with the intended plan of
      distribution thereof, and pursuant thereto the Company shall, as soon as reasonably as practicable and as applicable:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.1</font>&#160;&#160;&#160; prepare and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use its
      reasonable best efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities covered by such Registration Statement have been sold;</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.2</font> &#160; prepare and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements to the
      Prospectus, as may be requested by the Holders or any Underwriter of Registrable Securities or as may be required by the rules, regulations or instructions applicable to the registration form used by the Company or by the Securities Act or rules and
      regulations thereunder to keep the Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold in accordance with the intended plan of distribution set forth in such Registration Statement or
      supplement to the Prospectus;</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.3</font> &#160; prior to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriters, if any, and
      the Holders of Registrable Securities included in such Registration, and such Holders&#8217; legal counsel, copies of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including
      all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement (including each preliminary Prospectus), and such other documents as the Underwriters and the Holders of Registrable
      Securities included in such Registration or the legal counsel for any such Holders may request in order to facilitate the disposition of the Registrable Securities owned by such Holders;</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.4</font>&#160;&#160;&#160; prior to any public offering of Registrable Securities, use its best efforts to (i) register or qualify the Registrable Securities covered by the
        Registration Statement under such securities or &#8220;blue sky&#8221; laws of such jurisdictions in the United States as the Holders of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution) may
        request and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered with or approved by such other governmental authorities as may be necessary by virtue of the business and
        operations of the Company and do any and all other acts and things that may be necessary or advisable to enable the Holders of Registrable Securities included in such Registration Statement to consummate the disposition of such Registrable
        Securities in such jurisdictions; <u>provided</u>, <u>however</u>, that the Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify or take any action to which it
        would be subject to general service of process or taxation in any such jurisdiction where it is not then otherwise so subject;</div>
    </div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">14</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.5</font>&#160;&#160;&#160; cause all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar securities issued by the
      Company are then listed;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.6</font>&#160;&#160;&#160; provide a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective date of such
      Registration Statement;</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.7</font>&#160;&#160;&#160; advise each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop
      order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order or to
      obtain its withdrawal if such stop order should be issued;</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.8</font>&#160;&#160;&#160; at least five (5) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration Statement
      or Prospectus (other than by way of a document incorporated by reference) furnish a copy thereof to each seller of such Registrable Securities or its counsel;</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; font-size: 12pt; text-indent: 72pt;"><font style="font-size: 10pt; font-weight: bold;">3.1.9</font><font style="font-size: 10pt;">&#160;&#160;&#160; notify the Holders at any time when a Prospectus relating to such Registration
        Statement is required to be delivered under the Securities Act, of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes a Misstatement, and then to correct such
        Misstatement as set forth in <u>Section</u><u> 3.4</u> hereof;</font></div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.10</font>&#160; permit a representative of the Holders, the Underwriters, if any, and any attorney or accountant retained by such Holders or Underwriters to
      participate, at each such person&#8217;s own expense, in the preparation of the Registration Statement, and cause the Company&#8217;s officers, directors and employees to supply all information reasonably requested by any such representative, Underwriters,
      attorney or accountant in connection with the Registration; <u>provided</u>, <u>however</u>, that such representatives or Underwriters enter into a confidentiality agreement, in form and substance reasonably satisfactory to the Company, prior to
      the release or disclosure of any such information;</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.11</font>&#160; obtain a &#8220;cold comfort&#8221; letter from the Company&#8217;s independent registered public accountants in the event of an Underwritten Registration, in customary
      form and covering such matters of the type customarily covered by &#8220;cold comfort&#8221; letters as the managing Underwriters may reasonably request, and reasonably satisfactory to a majority-in-interest of the participating Holders;</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">15</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.12</font>&#160; on the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion, dated such date, of counsel
      representing the Company for the purposes of such Registration, addressed to the Holders, the placement agent or sales agent, if any, and the Underwriters, if any, covering such legal matters with respect to the Registration in respect of which such
      opinion is being given as the Holders, placement agent, sales agent, or Underwriters may reasonably request and as are customarily included in such opinions and negative assurance letters, and reasonably satisfactory to a majority-in-interest of the
      participating Holders;</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.13</font>&#160; in the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with
      the managing Underwriters of such offering;</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.14</font>&#160; make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12) months
      beginning with the first day of the Company&#8217;s first full calendar quarter after the effective date of the Registration Statement which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule
      promulgated thereafter by the Commission);</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.15</font> if the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $50,000,000, use its reasonable efforts to
      make available senior executives of the Company to participate in customary &#8220;road show&#8221; presentations that may be reasonably requested by the Underwriters in any Underwritten Offering; and</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">3.1.16</font>&#160; otherwise, in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Holders, in connection with
      such Registration.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">3.2</font>&#160; &#160;&#160; <u>Registration Expenses</u>. The Registration Expenses of all Registrations shall be borne by the Company. It is acknowledged by the Holders that the
      Holders shall bear all incremental selling expenses relating to the sale of Registrable Securities, such as Underwriters&#8217; commissions and discounts, brokerage fees, Underwriters marketing costs and, other than as set forth in the definition of
      &#8220;Registration Expenses,&#8221; all reasonable fees and expenses of any legal counsel representing the Holders.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">3.3</font>&#160;&#160;&#160; <u>Requirements for Participation in Underwritten Offerings</u>. No person may participate in any Underwritten Offering for equity securities of the
      Company pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell such person&#8217;s securities on the basis provided in any underwriting arrangements approved by the Company and (ii) completes and executes all
      customary questionnaires, powers of attorney, indemnities, lock-up agreements, underwriting agreements and other customary documents as may be reasonably required under the terms of such underwriting arrangements.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">16</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">3.4</font>&#160;&#160;&#160;&#160; <u>Suspension of Sales; Adverse Disclosure</u>. Upon receipt of written notice from the Company that a Registration Statement or Prospectus ontains a
      Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby
      covenants to prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus may be resumed. If the filing, initial effectiveness or
      continued use of a Registration Statement in respect of any Registration at any time would require the Company to make an Adverse Disclosure or would require the inclusion in such Registration Statement of financial statements that are unavailable to
      the Company for reasons beyond the Company&#8217;s control, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such Registration Statement for the shortest
      period of time, but in no event more than thirty (30) days, determined in good faith by the Company to be necessary for such purpose. In the event the Company exercises its rights under the preceding sentence, the Holders agree to suspend,
      immediately upon their receipt of the notice referred to above, their use of the Prospectus relating to any Registration in connection with any sale or offer to sell Registrable Securities. The Company shall immediately notify the Holders of the
      expiration of any period during which it exercised its rights under this <u>Section 3.4</u>.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">3.5</font>&#160;&#160;&#160;&#160; <u>Reporting Obligations</u>. As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company
      under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the
      Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings. The Company further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from time to
      time to enable such Holder to sell shares of Common Stock held by such Holder without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule
      promulgated thereafter by the Commission, to the extent that such rule or such successor rule is available to the Company), including providing any legal opinions. Upon the request of any Holder, the Company shall deliver to such Holder a written
      certification of a duly authorized officer as to whether it has complied with such requirements.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">ARTICLE 4 </div>
    <div style="text-align: center; font-weight: bold;">INDEMNIFICATION AND CONTRIBUTION</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">
      <div style="margin-left: 45pt;">4.1&#160;&#160;&#160;&#160; Indemnification.</div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">4.1.1</font>&#160;&#160;&#160; The Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers and directors and each person who
      controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities and expenses (including attorneys&#8217; fees) caused by any untrue or alleged untrue statement of material fact contained in any Registration
      Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, except
      insofar as the same are caused by or contained in any information furnished in writing to the Company by such Holder expressly for use therein. The Company shall indemnify the Underwriters, their officers and directors and each person who controls
      such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing with respect to the indemnification of the Holder.</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">17</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">4.1.2</font>&#160;&#160;&#160; In connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish to the Company
      in writing such information and affidavits as the Company reasonably requests for use in connection with any such Registration Statement or Prospectus and, to the extent permitted by law, shall indemnify the Company, its directors and officers and
      agents and each person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses (including without limitation reasonable attorneys&#8217; fees) resulting from any untrue statement of
      material fact contained in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein
      not misleading, but only to the extent that such untrue statement or omission is contained in any information or affidavit so furnished in writing by such Holder expressly for use therein; <u>provided</u>, <u>however</u>, that the obligation to
      indemnify shall be several, not joint and several, among such Holders of Registrable Securities, and the liability of each such Holder of Registrable Securities shall be in proportion to and limited to the net proceeds received by such Holder from
      the sale of Registrable Securities pursuant to such Registration Statement. The Holders of Registrable Securities shall indemnify the Underwriters, their officers, directors and each person who controls such Underwriters (within the meaning of the
      Securities Act) to the same extent as provided in the foregoing with respect to indemnification of the Company.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">4.1.3</font>&#160;&#160;&#160; Any person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with respect to which it
      seeks indemnification (provided that the failure to give prompt notice shall not impair any person&#8217;s right to indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless in such
      indemnified party&#8217;s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably
      satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably
      withheld). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect
      to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. No indemnifying party shall, without the
      consent of the indemnified party, consent to the entry of any judgment or enter into any settlement which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms of such
      settlement) or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">4.1.4</font>&#160;&#160;&#160; The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of
      the indemnified party or any officer, director or controlling person of such indemnified party and shall survive the transfer of securities. The Company and each Holder of Registrable Securities participating in an offering also agrees to make such
      provisions as are reasonably requested by any indemnified party for contribution to such party in the event the Company&#8217;s or such Holder&#8217;s indemnification is unavailable for any reason.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">18</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; font-size: 12pt; text-indent: 72pt;"><font style="font-size: 10pt; font-weight: bold;">4.1.5</font><font style="font-size: 10pt;">&#160;&#160;&#160; If the indemnification provided under <u>Section 4.1</u> hereof from the
        indemnifying party is unavailable or insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the indemnifying party, in lieu of indemnifying the indemnified
        party, shall contribute to the amount paid or payable by the indemnified party as a result of such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying party and
        the indemnified party, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action in question, including any
        untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, was made by, or relates to information supplied by, such indemnifying party or indemnified party, and the indemnifying party&#8217;s and
        indemnified party&#8217;s relative intent, knowledge, access to information and opportunity to correct or prevent such action; <u>provided</u>, <u>however</u>, that the liability of any Holder under this <u>subsection 4.1.5</u> shall be limited to the
        amount of the net proceeds received by such Holder in such offering giving rise to such liability. The amount paid or payable by a party as a result of the losses or other liabilities referred to above shall be deemed to include, subject to the
        limitations set forth in <u>subsections 4.1.1</u>, <u>4.1.2</u> and <u>4.1.3</u> above, any legal or other fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding. The parties hereto agree
        that it would not be just and equitable if contribution pursuant to this <u>subsection 4.1.5</u> were determined by pro rata allocation or by any other method of allocation, which does not take account of the equitable considerations referred to
        in this <u>subsection 4.1.5</u>. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to this <u>subsection</u><u> </u><u>4.1.5</u> from any
        person who was not guilty of such fraudulent misrepresentation.</font></div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE 5 </div>
    <div style="text-align: center; font-weight: bold;">MISCELLANEOUS</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.1</font>&#160;&#160;&#160;&#160; <u>Notices</u>. Any notice or communication under this Agreement must be in writing and given by (i) deposit in the United States mail, addressed to
      the party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person or by courier service providing evidence of delivery, or (iii) transmission by hand delivery, electronic mail, telecopy,
      telegram or facsimile. Each notice or communication that is mailed, delivered, or transmitted in the manner described above shall be deemed sufficiently given, served, sent, and received, in the case of mailed notices, on the third business day
      following the date on which it is mailed and, in the case of notices delivered by courier service, hand delivery, electronic mail, telecopy, telegram or facsimile, at such time as it is delivered to the addressee (with the delivery receipt or the
      affidavit of messenger) or at such time as delivery is refused by the addressee upon presentation. Any notice or communication under this Agreement must be addressed, if to the Company, to: 11911 Freedom Drive, Suite 1080, Reston, VA 20190,
      Attention: Michael Zarlenga, with copy to; Steptoe &amp; Johnson LLP, 1114 Avenue of the Americas, New York, New York 10036, Attention: Scott Fisher, and, if to any Holder, at such Holder&#8217;s address or facsimile number as set forth in the Company&#8217;s
      books and records. Any party may change its address for notice at any time and from time to time by written notice to the other parties hereto, and such change of address shall become effective thirty (30) days after delivery of such notice as
      provided in this <u>Section 5.1</u>.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">19</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="font-weight: bold;">
      <div style="margin-left: 45pt;">5.2&#160;&#160;&#160;&#160; Assignment; No Third Party Beneficiaries.</div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">5.2.1</font>&#160;&#160;&#160; This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole or in part.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">5.2.2</font>&#160;&#160;&#160; Prior to the expiration of the Founder Shares Lock-up Period or the Private Placement Lock-up Period, as the case may be, no Holder may assign or
      delegate such Holder&#8217;s rights, duties or obligations under this Agreement, in whole or in part, except in connection with a transfer of Registrable Securities by such Holder to a Permitted Transferee.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">5.2.3</font>&#160; &#160; This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors and the
      permitted assigns of the Holders, which shall include Permitted Transferees.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">5.2.4</font>&#160;&#160;&#160; This Agreement shall not confer any rights or benefits on any persons that are not parties hereto, other than as expressly set forth in this Agreement
      and <u>Section 5.2</u> hereof.</div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; font-size: 12pt; text-indent: 72pt;"><font style="font-size: 10pt; font-weight: bold;">5.2.5</font><font style="font-size: 10pt;">&#160;&#160;&#160; No assignment by any party hereto of such party&#8217;s rights, duties and obligations
        hereunder shall be binding upon or obligate the Company unless and until the Company shall have received (i) written notice of such assignment as provided in <u>Section</u><u> </u><u>5.1</u> hereof and (ii) the written agreement of the assignee,
        in a form reasonably satisfactory to the Company, to be bound by the terms and provisions of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement). Any transfer or assignment made other than as
        provided in this <u>Section 5.2</u> shall be null and void.</font></div>
    <div style="text-indent: 72pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.3</font>&#160;&#160;&#160;&#160; <u>Severability</u>. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
      the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a
      provision as similar in terms to such invalid or unenforceable provision as may be possible that is valid and enforceable.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.4</font>&#160; &#160; <u>Counterparts</u>. This Agreement may be executed in multiple counterparts (including facsimile or PDF counterparts), each of which shall be deemed
      an original, and all of which together shall constitute the same instrument, but only one of which need be produced.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.5</font>&#160;&#160;&#160;&#160; <u>Entire Agreement</u>. This Agreement (including all agreements entered into pursuant hereto and all certificates and instruments delivered pursuant
      hereto and thereto) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede all prior and contemporaneous agreements, representations, understandings, negotiations and discussions between the parties,
      whether oral or written.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">20</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.6</font>&#160;&#160; <u>Governing Law; Venue</u>. NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY AGREE
      THAT THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF DELAWARE AS APPLIED TO AGREEMENTS AMONG DELAWARE RESIDENTS ENTERED INTO AND TO BE PERFORMED ENTIRELY WITHIN DELAWARE, WITHOUT REGARD TO THE CONFLICT OF LAW
      PROVISIONS OF SUCH JURISDICTION.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.7</font>&#160;&#160;&#160; <u>WAIVER OF TRIAL BY JURY</u>. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT, COUNTERCLAIM
      OR OTHER PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, CONNECTED WITH OR RELATING TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE ACTIONS OF THE SPONSOR IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR
      ENFORCEMENT HEREOF.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.8</font>&#160;&#160; &#160; <font style="font-weight: bold;"><u>Amendment, Modification, and Waiver</u>. Upon the written consent of the Company and the Holders of at least a
        majority-in-interest of the Registrable Securities at the time in question, compliance with any of the provisions, covenants and conditions set forth in this Agreement may be waived, or any of such provisions, covenants or conditions may be amended
        or modified; <u>provided</u>, <u>however</u>, that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects one Holder, solely in its capacity as a holder of the shares of capital stock of the Company, in a
        manner that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected. No course of dealing between any Holder or the Company and any other party hereto or any failure or delay on the part
        of a Holder or the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights or remedies of any Holder or the Company. No single or partial exercise of any rights or remedies under this Agreement by a
        party shall operate as a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.</font></div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.9</font>&#160;&#160;&#160; <u>Titles and Headings</u>. Titles and headings of sections of this Agreement are for convenience only and shall not affect the construction of any
      provision of this Agreement.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.10</font> &#160; <u>Waivers and Extensions</u>. Any party to this Agreement may waive any right, breach or default which such party has the right to waive; <u>provided</u>
      that such waiver will not be effective against the waiving party unless it is in writing, is signed by such party, and specifically refers to this Agreement. Waivers may be made in advance or after the right waived has arisen or the breach or default
      waived has occurred. Any waiver may be conditional. No waiver of any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof nor of any other agreement or provision herein
      contained. No waiver or extension of time for performance of any obligations or acts shall be deemed a waiver or extension of the time for performance of any other obligations or acts.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.11</font>&#160;&#160; <u></u><u>Remedies Cumulative</u>. In the event that the Company fails to observe or perform any covenant or agreement to be observed or performed
      under this Agreement, the Holders may proceed to protect and enforce its rights by suit in equity or action at law, whether for specific performance of any term contained in this Agreement or for an injunction against the breach of any such term or
      in aid of the exercise of any power granted in this Agreement or to enforce any other legal or equitable right, or to take any one or more of such actions, without being required to post a bond. None of the rights, powers or remedies conferred under
      this Agreement shall be mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to any other right, power or remedy, whether conferred by this Agreement or now or hereafter available at law, in equity, by statute
      or otherwise.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">21</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.12</font>&#160;&#160; <u>Other Registration Rights</u>. The Company represents and warrants that no person, other than a Holder of Registrable Securities, has any right to
      require the Company to register any securities of the Company for sale or to include such securities of the Company in any Registration filed by the Company for the sale of securities for its own account or for the account of any other person.
      Further, the Company represents and warrants that this Agreement supersedes any other registration rights agreement or agreement with similar terms and conditions and in the event of a conflict between any such agreement or agreements and this
      Agreement, the terms of this Agreement shall prevail.</div>
    <div style="text-indent: 45pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-weight: bold;">5.13</font>&#160; <u>Term</u>. This Agreement shall terminate upon the earlier of (i) the date on which none of the Holders hold any Registrable Securities, (ii) the
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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                    <td style="width: 50%;"><br>
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                    <td style="width: 50%;"><br>
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        <tr>
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          <td style="width: 50%; vertical-align: top;">
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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    <div style="text-align: center; margin-left: 1pt; color: rgb(35, 31, 32);">[<font style="font-style: italic;">Signature Page to Amended and Restated Registration and Stockholder Rights Agreement</font>]</div>
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                  <tr>
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            <div style="margin-right: 127.2pt;"><u>Purchaser&#8217;s Address for Notices</u>:</div>
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          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
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        <tr>
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        <tr>
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                    <tr>
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            <div style="margin-right: 127.2pt;"><u>Purchaser&#8217;s Address for Notices</u>:</div>
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        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
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          <td style="width: 50%; vertical-align: top;">
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        <tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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    <div>&#160;</div>
    <div style="text-align: center; margin-left: 1pt; color: rgb(35, 31, 32);">[<font style="font-style: italic;">Signature Page to Amended and Restated Registration and Stockholder Rights Agreement</font>]</div>
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              <div>
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                      <tr>
                        <td style="width: 50%;"><br>
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                      <tr>
                        <td style="width: 50%;"><br>
                        </td>
                        <td style="width: 5%;">Name:</td>
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                      <tr>
                        <td style="width: 50%;"><br>
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                        <td style="width: 5%;">Title:</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 183.2pt;">50 Hudson Yards</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 74.05pt;">with a copy (which shall not constitute notice) to:</div>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div>c/o BlackRock, Inc.</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 85.85pt;">50 Hudson Yards, New York, NY 10001</div>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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    <div>&#160;</div>
    <div style="text-align: center; margin-left: 1pt; color: rgb(35, 31, 32);">[<font style="font-style: italic;">Signature Page to Amended and Restated Registration and Stockholder Rights Agreement</font>]</div>
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      <div>
        <div>
          <div>
            <div>
              <div>
                <div>
                  <div>
                    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

                        <tr>
                          <td style="width: 50%;"><br>
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                          <td colspan="3">HOLDERS:</td>
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                        <tr>
                          <td style="width: 50%;"><br>
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                          <td colspan="3"><br>
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                          <td style="width: 50%;"><br>
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                            <div style="text-align: left; font-weight: bold;">BLACKROCK GLOBAL ALLOCATION PORTFOLIO OF BLACKROCK SERIES FUND, INC.</div>
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                        <tr>
                          <td style="width: 50%;"><br>
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                          <td colspan="3"><br>
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                        <tr>
                          <td style="width: 50%;"><br>
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                            <div>BlackRock Advisors, LLC, as Investment Adviser</div>
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                        <tr>
                          <td style="width: 50%;"><br>
                          </td>
                          <td colspan="3"><br>
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                        <tr>
                          <td style="width: 50%; padding-bottom: 2px;"><br>
                          </td>
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                        </tr>
                        <tr>
                          <td style="width: 50%;"><br>
                          </td>
                          <td style="width: 5%;">Name:</td>
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                        <tr>
                          <td style="width: 50%;"><br>
                          </td>
                          <td style="width: 5%;">Title:</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 127.2pt;"><u>Purchaser&#8217;s Address for Notices</u>:</div>
          </td>
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        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div>c/o BlackRock, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div>Office of the General Counsel</div>
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        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 85.85pt;">50 Hudson Yards, New York, NY 10001</div>
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        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 85.85pt;">Attn: David Maryles and Daniel Goldmintz</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 85.85pt;">Email: legaltransactions@blackrock.com</div>
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    <div>&#160;</div>
    <div style="text-align: center; margin-left: 1pt; color: rgb(35, 31, 32);">[<font style="font-style: italic;">Signature Page to Amended and Restated Registration and Stockholder Rights Agreement</font>]</div>
    <div>&#160;</div>
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      <div>
        <div>
          <div>
            <div>
              <div>
                <div>
                  <div>
                    <div>
                      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

                          <tr>
                            <td style="width: 50%;"><br>
                            </td>
                            <td colspan="3">HOLDERS:</td>
                          </tr>
                          <tr>
                            <td style="width: 50%;"><br>
                            </td>
                            <td colspan="3"><br>
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                          </tr>
                          <tr>
                            <td style="width: 50%;"><br>
                            </td>
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                              <div style="text-align: left; font-weight: bold;">BLACKROCK GLOBAL ALLOCATION V.I. FUND OF BLACKROCK VARIABLE SERIES FUNDS, INC.</div>
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                          </tr>
                          <tr>
                            <td style="width: 50%;"><br>
                            </td>
                            <td colspan="3"><br>
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                          </tr>
                          <tr>
                            <td style="width: 50%;"><br>
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                            <td style="width: 5%;">By:</td>
                            <td colspan="2">
                              <div>BlackRock Advisors, LLC, as Investment Adviser</div>
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                          </tr>
                          <tr>
                            <td style="width: 50%;"><br>
                            </td>
                            <td colspan="3"><br>
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                          <tr>
                            <td style="width: 50%; padding-bottom: 2px;"><br>
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                            <td style="width: 10%; padding-bottom: 2px;">&#160;</td>
                          </tr>
                          <tr>
                            <td style="width: 50%;"><br>
                            </td>
                            <td style="width: 5%;">Name:</td>
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                          </tr>
                          <tr>
                            <td style="width: 50%;"><br>
                            </td>
                            <td style="width: 5%;">Title:</td>
                            <td colspan="2">Managing Director</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div><u>Purchaser&#8217;s Address for Notices</u>:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 127.2pt;">c/o BlackRock</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 181.1pt;">50 Hudson Yards</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div>c/o BlackRock, Inc.</div>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div>Office of the General Counsel</div>
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        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
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        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 85.85pt;">Attn: David Maryles and Daniel Goldmintz</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="margin-right: 85.85pt;">Email: legaltransactions@blackrock.com</div>
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        </tr>

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    <div>&#160;</div>
    <div style="text-align: center; margin-left: 1pt; color: rgb(35, 31, 32);">[<font style="font-style: italic;">Signature Page to Amended and Restated Registration and Stockholder Rights Agreement</font>]</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      <div>
        <div>
          <div>
            <div>
              <div>
                <div>
                  <div>
                    <div>
                      <div>
                        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

                            <tr>
                              <td style="width: 50%;"><br>
                              </td>
                              <td colspan="3">HOLDERS:</td>
                            </tr>
                            <tr>
                              <td style="width: 50%;"><br>
                              </td>
                              <td colspan="3"><br>
                              </td>
                            </tr>
                            <tr>
                              <td style="width: 50%;"><br>
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                            <tr>
                              <td style="width: 50%;"><br>
                              </td>
                              <td colspan="3"><br>
                              </td>
                            </tr>
                            <tr>
                              <td style="width: 50%;"><br>
                              </td>
                              <td style="width: 5%;">By:</td>
                              <td colspan="2">
                                <div>BlackRock Advisors, LLC, as Investment Adviser</div>
                              </td>
                            </tr>
                            <tr>
                              <td style="width: 50%;"><br>
                              </td>
                              <td colspan="3"><br>
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                            <tr>
                              <td style="width: 50%; padding-bottom: 2px;"><br>
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                                </tr>
                                <tr>
                                  <td style="width: 50%;"><br>
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    <div style="text-align: center; margin-left: 1pt; color: rgb(35, 31, 32);">[<font style="font-style: italic;">Signature Page to Amended and Restated Registration and Stockholder Rights Agreement</font>]</div>
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