REGISTRATIONRIGHTSTHISREGISTRATIONRIGHTSAGREEMENT(this“Agreement”)ismadeonJanuary29,2016byandamong:ZebraHoldingLimited(斑馬),acompanydulyincorporatedandvalidlyexistingunderthelawsoftheCaymanIslands(CompanyNumberHS-297599),withitsregisteredofficeatHarneysServices(Cayman)Limited,4thFloor,HarbourPlace,103SouthChurchStreet,P.O.Box10240,GrandCaymanKY-1002,CaymanIslands(the“Company”);eachoftheholdersofPreferredShares(asdefinedbelow)listedinExhibitA(togetherthe“Investors”,andeachan"Investor").WHEREAS,theCompany,theSeriesAInvestors(asdefinedbelow)andotherpartiestheretoenteredintoaSeriesAPreferredSharePurchaseAgreementonApril23,2015(the“SeriesAPurchaseAgreement”)pursuanttowhichtheSeriesAInvestorsacquiredandaretheholdersofcertainSeriesAPreferredSharesinthecapitaloftheCompany;WHEREAS,theCompany,theSeriesA+Investor(asdefinedbelow)andSeriesBInvestorsasdefinedbelow)andotherpartiestheretoenteredintoaSeriesAandSeriesBPreferredSharePurchaseAgreement(A+B輪優(yōu)先股認(rèn)購協(xié)議)onJanuary29,2016(the“SeriesA+andSeriesBPurchaseAgreement”)pursuanttowhichtheSeriesA+InvestorandSeriesBInvestorsacquiredandaretheholdersofcertainSeriesA+PreferredSharesandcertainSeriesBSharesinthecapitaloftheCompanyrespectively;WHEREAS,theCompanyandtheInvestorsdesiretoprovideforcertainarrangementswithrespecttotheregistrationofsharesoftheCompanyundertheSecuritiesAct(asdefinedbelow),orsuchequivalentlawinajurisdictionoutsideoftheUnitedStates.NOW,THEREFORE,inconsiderationofthemutualpromisesandcovenantscontainedinthisAgreement,thepartiesheretoagreeasfollows:AsusedinthisAgreement,thefollowingtermsshallhavethefollowingrespectivemeanings.Foranycapitalizedtermwhichisnotdefinedherein,itshallhavethesamemeaningasdefinedintheSeriesAPurchaseAgreementandtheSecondAmendedandRestatedArticlesofAssociationorSecondAmendedandRestatedMemorandumofAssociation.“Affiliate”withrespecttoaspecified means(a)inthecaseofanindividual, ’sspouseandlinealdescendants(whethernaturaloradopted)atbeloweighteen(18),(b)inthecaseofany otherthananindividual,rsonthatdirectly,orindirectlythroughoneormoreintermediaries,controlsoriscontrolledby,orisundercommoncontrolwith,the specified,and(c)inthecaseofanyoftheInvestorsbeinganinvestmentfund(oraSubsidiaryofaninvestmentfund),theterm“Affiliate”shallincludeanyotherinvestmentfund(oraSubsidiaryofanysuchinvestmentfund)managedbythesamemanagerofsuchInvestor(or,ifsuchInvestorisaSubsidiaryofaninvestmentfund,thesamemanageroftheinvestmentfundofwhichsuchInvestorisaSubsidiary).“ArbitrationNotice”hasthemeaningsetoutinSection4.4(b).“Centre”hasthemeaningsetoutinSection4.4(c).“Commission”meanstheSecuritiesandExchangeCommission,oranyotherfederalagencyatthetimeadministeringtheSecuritiesAct;orsuchequivalentagencyinajurisdictionoutsideoftheUnitedStateswhichregulatesandernspublicofferings.“Dispute”hasthemeaningsetoutinSection“ExchangeAct”meanstheSecuritiesExchangeActof1934,asamended,oranysuccessorfederalstatute,andtherulesandregulationsoftheCommissionissuedundersuchAct,astheyeaay,fromtimetotime,beineffect;orsuchequivalentlawinajurisdictionoutsideoftheUnitedStates.“”meanstheSpecialAdministrativeRegionofthePRC.“IndemnifiedParty”meansapartyentitledtoindemnificationpursuanttoSection“IndemnifyingParty”meansapartyobligatedtoprovideindemnificationpursuanttoSection2.5.“InitialPublicOffering”meanstheinitialunderwrittenpublicofferingofOrdinarySharespursuanttoaneffectiveRegistrationStatement.“InitiatingHolders”meansthePreferredShareholdersinitiatingarequestforregistrationpursuanttoSection2.1(a)or2.1(b),asthecasemaybe.“OrdinaryShares”meanstheordinarysharesofUS$0.0001parvalueeachincapitaloftheCompany.“PreferredShareholders”meanstheholdersofthePreferred“PreferredShares”meanstheSeriesAPreferredShares,SeriesA+PreferredSharesandSeriesBShares.“Prospectus”meanstheprospectusincludedinanyRegistrationStatement,asamendedorsupplementedbyanamendmentorprospectussupplement,includingpost-effectiveamendments,andallmaterialincorporatedbyreferenceordeemedtobeincorporatedbyreferenceinsuchProspectus;orsuchequivalent usedinjurisdictionsoutsideoftheUnitedStates.“QualifiedPublicOffering”means(i)afullyunderwritteninitialpublicofferingbytheListco(asdefinedundertheSeriesAPurchaseAgreement)and/oritsshareholdersonaninternationallyrecognizedstockexchange(suchastheHongKongStockExchange,theNewYorkStockExchange,NASDAQ,AmEX)oranyotherstockexchangethatisapprovedbytheboardoftheCompany(includingtheaffirmativevotesofalldirectorsappointedbytheInvestors),providedthat(x)theaggregategrossproceedstotheCompanyofsuchinitialpublicofferingshallbetentatively(subjecttothapprovalatthetimeofconsiderationincludingtheaffirmativevotesfromalldirectorsappointedbytheInvestors)nolessthanUS$40,000,000(priortounderwriters’discountsandcommissions),inequivalentforeigncurrencyamount,(y)thepre-offeringvaluationoftheListcoshallbenolessthanUS$200,000,000;(ii)apublicofferingbytheListcoand/oritsshareholdersasotherwiseapprovedbythoftheCompany(includingtheaffirmativevotesofalldirectorsappointedbytheInvestors).“RegistrableShares”means(a)theOrdinarySharesissuedorissuableuponconversionofthePreferredSharesinthecapitaloftheCompany,(b)anyotherOrdinaryShares,andtheOrdinarySharesissuedorissuableupontheconversionorexerciseofanyothersecurities,acquiredbythePreferredShareholdersand(c)anyotherOrdinarySharesissuedinrespectofsuchshares(becauseofstocksplits,stockdividends,reclassifications,recapitalizationsorsimilarevents);provided,however,thatOrdinaryShareswhichareRegistrableSharesshallceasetobeRegistrableSharesuponanysalepursuanttoaRegistrationStatementorRule144undertheSecuritiesAct,orsuchequivalentsectionofsuchequivalentlawofajurisdictionoutsideoftheUnitedStates.WhereverreferenceismadeinthisAgreementtoarequestorconsentofholdersofacertainpercentageofRegistrableShares,thedeterminationofsuchpercentageshallincludetheOrdinarySharesissuableuponconversionoftheRegistrableSharesevenifsuchconversionhasnotbeeneffected.“RegistrationExpenses”meansallexpensesincurredbytheCompanyincomplyingwiththeprovisionsofSection2,including,withoutlimitation,allregistrationandfilingfees,exchangelistingfees,printingexpenses,feesandexpensesofcounselfortheCompanyandthefeesandexpensesofonecounselselectedbythePreferredShareholderstorepresentthePreferredShareholdersforsuchregistration,stateBlueSkyfeesandexpenses,andtheexpenseofanyspecialauditsincidenttoorrequiredbyanysuchregistration,butexcludingunderwritingdiscountsandsellingcommissions.“RegistrationStatement”meansaregistrationstatementfiledbytheCompanywiththeCommissionforapublicofferingandsaleofsecuritiesoftheCompany(otherthanaregistrationstatementonFormS-8,FormS-4orFormF-4,ortheirsuccessors,oranyotherformforasimilarlimitedpurpose,oranyregistrationstatementcoveringonlysecuritiesproposedtobeissuedinexchangeforsecuritiesorassetsofanothercorporation)orsuchequivalent susedinajurisdictionoutsideoftheUnited“SecuritiesAct”meanstheSecuritiesActof1933,asamended,oranysuccessorfederalstatute,andtherulesandregulationsoftheCommissionissuedundersuchAct,astheyeachmay,fromtimetotime,beineffect;orsuchequivalentlawinajurisdictionoutsideoftheUnitedStates.“SellingStockholders”meanstheInvestorsandotherholdersofPreferredSharesincludedinaRegistrationStatementwiththeintenttoselltheirRegistrableSharesbysuchregistration.“SeriesAPreferredShares”meanstheSeriesAconvertiblepreferredsharesofparvalueUS$0.0001eachinthecapitaloftheCompany.“SeriesAInvestors”meansPushInvestmentandOrizaSeedHongKongDevelopmentCorpLimited.“SeriesA+PreferredShares”meanstheSeriesA+convertiblepreferredsharesofparvalueUS$0.0001eachinthecapitaloftheCompany.“SeriesA+Investors”meansPushInvestment“SeriesBShares”meanstheSeriesBconvertiblepreferredsharesofparvalueUS$0.0001eachinthecapitaloftheCompany.“SeriesBInvestors”meansNingboZhaoyinShouxinEquityInvestmentLimitedPartnership(寧波招銀首信投資合伙企業(yè)(有限合伙)),ASEANChinaInvestmentFundIIIL.P.andASEANChinaInvestment(US)IIIL.P..“Shares”meanstheOrdinaryShares,SeriesAPreferredShares,SeriesA+PreferredShares,SeriesBSharesandanyothersharesofwhateverclassorseriesinthecapitaloftheCompany.“US$”meansUnitedStatesdollars,thelawfulcurrencyoftheUnitedStatesofRequiredAnyPreferredShareholdermayrequest,inwriting,thattheCompanyeffecttheregistrationonFormS-1,FormS-2,FormF-1orFormF-2(oranysuccessorform),orsuchequivalentformusedinajurisdictionoutsideoftheUnitedStates,ofitsRegistrableShares,provided,however,thatanysuchrequestmustbemadebyaPreferredShareholder(orPreferredShareholderstogether)holdingintheaggregateatleast25%oftheRegistrableSharesthenAtanytimeaftertheCompany eseligibletofileaRegistrationStatementonFormS-3orFormF-3(oranysuccessorformrelatingtosecondaryofferings),orsuchequivalentformusedinajurisdictionoutsideoftheUnitedStates,aPreferredShareholder(orPreferredShareholderstogether)holdingintheaggregateatleast25%oftheRegistrableSharesthenoutstandingmayrequest,inwriting,thattheCompanyeffecttheregistrationonFormS-3orFormF-3(orsuchsuccessorform),orsuchequivalentformusedinajurisdictionoutsideoftheUnitedStates,ofitsRegistrableShares.UponreceiptofanyrequestforregistrationpursuanttothisSection2,theCompanyshallpromptlygivewrittennoticeofsuchproposedregistrationtoallotherPreferredShareholders.SuchotherPreferredShareholdersshallhavetheright,bygivingwrittennoticetotheCompanywithinthirty(30)daysaftertheCompanyprovidesitsnotice,toelecttohaveincludedinsuchregistrationsuchoftheirRegistrableSharesastheymayrequestinsuchnoticeofelection,subjectinthecaseofanunderwrittenofferingtothetermsofSection2.1(d).Thereupon,theCompanyshall,asexpeditiouslyaspossible,useitsbesteffortstoeffecttheregistrationonanappropriateregistrationformofallRegistrableShareswhichtheCompanyhasbeenrequestedtosoregister;provided,however,thatinthecaseofaregistrationrequestedunderSection2.1(b),theCompanywillonlybeobligatedtoeffectsuchregistrationonFormS-3orFormF-3(oranysuccessorform),orsuchequivalentformusedinajurisdictionoutsideoftheUnitedStates.IftheInitiatingHoldersintendtodistributetheRegistrableSharescoveredbytheirrequestbymeansofanunderwriting,theyshallsoadvisetheCompanyasapartoftheirrequestmadepursuanttoSection2.1(a)or(b),asthecasemaybe,andtheCompanyshallincludesuchinformationinitswrittennoticereferredtoinSection2.1(c).Insuchevent,(i)therightofanyotherPreferredShareholdertoincludeitsRegistrableSharesinsuchregistrationpursuanttoSection2.1(a)or(b),asthecasemaybe,shallbeconditioneduponitsparticipationinsuchunderwritingonthetermssetforthherein,and(ii)allotherPreferredShareholdersincludingRegistrableSharesinsuchregistrationshallenterintoanunderwritingagreementuponcustomarytermswiththeunderwriterorunderwritersmanagingtheoffering;providedthatsuchunderwritingagreementshallnotprovideforindemnificationorcontributionobligationsonthepartofthePreferredShareholdersmateriallygreaterthantheobligationsofthePreferredShareholderspursuanttoSection2.5.TheInitiatingHoldersshallhavetherighttoselectthemanagingunderwriter(s)foranyunderwrittenofferingrequestedpursuanttoSection2.1(a)or(b),subjecttotheapprovaloftheCompany,whichapprovalwillnotbeunreasonablywithheld,conditionedordelayed.IfanyPreferredShareholderwhohasrequestedinclusionofitsRegistrableSharesinsuchregistrationasprovidedabovedisapprovesofthetermsoftheunderwriting,suchPreferredShareholdermayelect,bywrittennoticetotheCompany,towithdrawitsRegistrableSharesfromsuchRegistrationStatementandunderwriting.IfthemanagingunderwriteradvisestheCompanyinwritingthatmarketingfactorsrequirealimitationonthenumberofsharestobeunderwritten,thenumberofRegistrableSharestobeincludedintheRegistrationStatementandunderwritingshallbeallocatedamongallPreferredShareholdersrequestingregistrationinproportion,asnearlyaspracticable,totherespectivenumberofRegistrableSharesheldbythemonthedateoftherequestforregistrationmadebytheInitiatingHolderspursuanttoSection2.1(a)or(b),asthecasemaybe.IfanyPreferredShareholderwouldthusbeentitledtoincludemoreRegistrableSharesthanitrequestedtoberegistered,theexcessshallbeallocatedamongotherrequestingPreferredShareholdersproratainthemannerdescribedintheprecedingsentence.TheCompanyshallnotberequiredtoeffectmorethanthreeregistrationspursuanttoSection2.1(a).ForpurposesofthisSection2.1(e),aRegistrationStatementshallnotbecounteduntilsuchtimeassuchRegistrationStatementhasbeendeclaredeffectivebytheCommission(unlesstheInitiatingHolderswithdrawtheirrequestforsuchregistration(otherthanasaresultofinformationconcerningthebusinessorfinancialconditionoftheCompanywhichismadeknowntothePreferredShareholdersafterthedateonwhichsuchregistrationwasrequested)andelectnottopaytheRegistrationExpensesthereforpursuanttoSection2.4).ForpurposesofthisSection2.1(e),aRegistrationStatementshallnotbecountedif,asaresultofanexerciseoftheunderwriter’scut-backprovisions,lessthan50%ofthetotalnumberofRegistrableSharesthatthePreferredShareholdershaverequestedtobeincludedinsuchRegistrationStatementaresoincluded.IfatthetimeofanyrequesttoregisterRegistrableSharesbyInitiatingHolderspursuanttothisSection2.1,theCompanyisengagedorhasplanstoengageinaregisteredpublicofferingorisengagedinanyotheractivitywhich,inthegoodfaithdeterminationoftheCompany’sDirectors,wouldbeadverselyaffectedbytherequestedregistration,thentheCompanymayatitsoptiondirectthatsuchrequestbedelayedforriodnotinexcessofthirty(30)daysfromthedateofsuchrequest,suchrighttodelayarequesttobeexercisedbytheCompanynotmorethanonceinanytwelve(12)-monthperiod.IncidentalWhenevertheCompanyproposestofileaRegistrationStatement(otherthanaRegistrationStatementfiledpursuanttoSection2.1)atanytimeandfromtimetotime,itwill,priortosuchfiling,givewrittennoticetoallPreferredShareholdersofitsintentiontodoso.UponthewrittenrequestofaPreferredShareholdergivenwithintwenty(20)daysaftertheCompanyprovidessuchnotice(whichrequestshallstatetheintendedmethodofdispositionofsuchRegistrableShares),theCompanyshalluseitsbesteffortstocauseallRegistrableShareswhichtheCompanyhasbeenrequestedbythePreferredShareholderstoregistertoberegisteredundertheSecuritiesActtotheextentnecessarytopermittheirsaleorotherdispositioninaccordancewiththeintendedmethodsofdistributionspecifiedintherequestofthePreferredShareholders;providedthattheCompanyshallhavetherighttopostponeorwithdrawanyregistrationeffectedpursuanttothisSection2.2withoutobligationtoanyPreferredShareholder.IftheregistrationforwhichtheCompanygivesnoticepursuanttoSection2.2(a)isaregisteredpublicofferinginvolvinganunderwriting,theCompanyshallsoadvisethePreferredShareholdersasapartofthewrittennoticegivenpursuanttoSection2.2(a).Insuchevent,(i)therightofanyPreferredShareholdertoincludeitsRegistrableSharesinsuchregistrationpursuanttothisSection2.2shallbeconditioneduponitsparticipationinsuchunderwritingonthetermssetforthhereinand(ii)allPreferredShareholdersincludingRegistrableSharesinsuchregistrationshallenterintoanunderwritingagreementuponcustomarytermswiththeunderwriterorunderwritersselectedfortheunderwritingbytheCompany;providedthatsuchunderwritingagreementshallnotprovideforindemnificationorcontributionobligationsonthepartofthePreferredShareholdersmateriallygreaterthantheobligationsofthePreferredShareholderspursuanttoSection2.5.IfanyPreferredShareholderwhohasrequestedinclusionofitsRegistrableSharesinsuchregistrationasprovidedabovedisapprovesofthetermsoftheunderwriting, mayelect,bywrittennoticetotheCompany,towithdrawitssharesfromsuchRegistrationStatementandunderwriting.IfthemanagingunderwriteradvisestheCompanyinwritingthatmarketingfactorsrequirealimitationonthenumberofsharestobeunderwritten,(i)thesharesheldbyholdersofsecuritiesoftheCompanyotherthanthePreferredShareholdersshallbeexcludedfromsuchRegistrationStatementandunderwritingtotheextentdeemedadvisablebythemanagingunderwriter,and,(ii)ifafurtherreductionofthenumberofsharesisrequired,thePreferredShareholdersotherthantheInvestorsshallbesecondexcluded(providedthattheremainingnumbercapableofinclusionshallbeallocatedamongallsuchotherPreferredShareholdersrequestingregistrationinproportion,asnearlyaspracticable,totherespectivenumberoftheOrdinaryShares(onanas-convertedbasis)heldbythemonthedatetheCompanygivesthenoticespecifiedinSection2.2(a)),and(iii)ifafurtherreductionofthenumberofsharesisrequired,thenumberofsharesoftheInvestorsthatmaybeincludedinsuchRegistrationStatementandunderwritingshallbeexcluded;providedthat,unlesssuchregistrationisinconnectionwiththeCompany’sInitialPublicOffering,thenumberofRegistrableSharespermittedtobeincludedthereinshallinanyeventbeatleast30%ofthesecuritiesincludedtherein(basedonaggregatemarketvalues).IfanyPreferredShareholderwouldthusbeentitledtoincludemoresharesthansuchholderrequestedtoberegistered,theexcessshallbeallocatedamongotherrequestingPreferredShareholdersproratainthemannerdescribedintheprecedingsentence.IfandwhenevertheCompanyisrequiredbytheprovisionsofthisAgreementtouseitsbesteffortstoeffecttheregistrationofanyRegistrableSharesundertheSecuritiesAct,theCompanyshall:filewiththeCommissionaRegistrationStatementwithrespecttosuchRegistrableSharesanduseitsbesteffortstocausethatRegistrationStatementto eeffectiveassoonaspossible;asexpeditiouslyaspossible,prepareandfilewiththeCommissionanyamendmentsandsupplementstotheRegistrationStatementandtheProspectusincludedintheRegistrationStatementasmaybenecessarytocomplywiththeprovisionsoftheSecuritiesAct(includingtheanti-fraudprovisionsthereof)andtokeeptheRegistrationStatementeffectivefortwelve(12)monthsfromtheeffectivedateorsuchlesserperioduntilallsuchRegistrableSharesaresold;asexpeditiouslyaspossible,furnishtoeachSellingStockholdersuchreasonablenumbersofcopiesoftheProspectus,includinganypreliminaryProspectus,inconformitywiththerequirementsoftheSecuritiesAct,andsuchothersassuchSellingStockholdermayreasonablyrequestinordertofacilitatethepublicsaleorotherdispositionoftheRegistrableSharesownedbysuchSellingasexpeditiouslyaspossible,useitsbesteffortstoregisterorqualifytheRegistrableSharescoveredbytheRegistrationStatementunderthesecuritiesorBlueSkylawsofsuchstatesorjurisdictionsastheSellingStockholdersshallreasonablyrequest,anddoanyandallotheractsandthingsthatmaybenecessaryordesirabletoenabletheSellingStockholderstoconsummatethepublicsaleorotherdispositioninsuchstatesorjurisdictionsoftheRegistrableSharesownedbytheSellingStockholders;provided,however,thattheCompanyshallnotberequiredinconnectionwiththisparagraph(iv)toqualifyasaforeigncorporationortoexecuteageneralconsenttoserviceofprocessinanyjurisdictionortoamenditsArticlesofAssociationorMemorandumofAssociationinamannerthattheDirectorsoftheCompanydeterminesisinadvisable;asexpeditiouslyaspossible,causeallsuchRegistrableSharestobelistedoneachsecuritiesexchangeorautomatedquotationsystemonwhichsimilarsecuritiesissuedbytheCompanyarethenlisted;promptlyprovideatransferagentandregistrarforallsuchRegistrableSharesnotlaterthantheeffectivedateofsuchRegistrationStatement;promptlymakeavailableforinspectionbytheSellingStockholders,anymanagingunderwriterparticipatinginanydispositionpursuanttosuchRegistrationStatement,andanyattorneyoraccountantorotheragentretainedbyanysuchunderwriterorselectedbytheSellingStockholders,allfinancialandotherrecords,pertinentcorporatesandpropertiesoftheCompanyandcausetheCompany’sofficers,directors,employeesandindependentaccountantstosupplyallinformationreasonablyrequestedbyanysuchseller,underwriter,attorney,accountantoragentinconnectionwithsuchRegistrationnotifyeachSellingStockholder,promptlyafteritshallreceivenoticethereof,ofthetimewhensuchRegistrationStatementhas effectiveorasupplementtoanyProspectusformingapartofsuchRegistrationStatementhasbeenfiled;andasexpeditiouslyaspossiblefollowingtheeffectivenessofsuchRegistrationStatement,notifyeachsellerofsuchRegistrableSharesofanyrequestbytheCommissionfortheamendingorsupplementingofsuchRegistrationStatementorProspectus.IftheCompanyhasdeliveredaProspectustotheSellingStockholdersandafterhavingdonesotheProspectusisamendedtocomplywiththerequirementsoftheSecuritiesAct,theCompanyshallpromptlynotifytheSellingStockholdersand,ifrequested,theSellingStockholdersshallimmediayceasemakingoffersofRegistrableSharesandreturnallProspectusestotheCompany.TheCompanyshallpromptlyprovidetheSellingStockholderswithrevisedProspectusesand,followingreceiptoftherevisedProspectuses,theSellingStockholdersshallbefreetoresumemakingoffersoftheRegistrableShares.Intheeventthat,inthejudgmentoftheCompany,itisadvisabletosuspenduseofaProspectusincludedinaRegistrationStatementduetopendingmaterialdevelopmentsorothereventsthathavenotyetbeenpubliclydisclosedandastowhichtheCompanybelievespublicdisclosurewouldbedetrimentaltotheCompany,theCompanyshallnotifyallSellingStockholderstosucheffect,and,uponreceiptofsuchnotice,eachsuchSellingStockholdershallimmediaydiscontinueanysalesofRegistrableSharespursuanttosuchRegistrationStatementuntilsuchSellingStockholderhasreceivedcopiesofasupplementedoramendedProspectusoruntilsuchSellingStockholderisadvisedinwritingbytheCompanythatthethencurrentProspectusmaybeusedandhasreceivedcopiesofanyadditionalorsupplementalfilingsthatareincorporatedordeemedincorporatedbyreferenceinsuchProspectus.Notwithstandinganythingtothecontraryherein,theCompanyshallnotexerciseitsrightsunderthisSection2.3(c)tosuspendsalesofRegistrableSharesforaperiodinexcessofthirty(30)daysconsecutivelyorsixty(60)daysinany365-dayperiod.AllocationofTheCompanywillpayallRegistrationExpensesforallregistrationsunderthisAgreement;provided,however,thatifaregistrationunderSection2.1iswithdrawnattherequestoftheInitiatingHolders(otherthanasaresultofinformationconcerningthebusinessorfinancialconditionoftheCompanywhichismadeknowntothePreferredShareholdersafterthedateonwhichsuchregistrationwasrequested)andiftheInitiatingHolderselectnottohavesuchregistrationcountedasaregistrationrequestedunderSection2.1,theSellingStockholdersshallpaytheRegistrationExpensesofsuchregistrationproratainaccordancewiththenumberoftheirRegistrableSharesincludedinsuchregistration.IndemnificationandIntheeventofanyregistrationofanyoftheRegistrableSharesundertheSecuritiesActpursuanttothisAgreement,theCompanywillindemnifyandholdharmlesseachSellingStockholder,eachunderwriterofsuchRegistrableShares,andeachother ,ifany,whocontrolssuchSellingStockholderorunderwriterwithinthemeaningoftheSecuritiesActortheExchangeActagainstanylosses,claims,damagesorliabilities,jointorseveral,towhichsuchSellingStockholder,underwriterorcontrolling subjectundertheSecuritiesAct,theExchangeAct,statesecuritiesorBlueSkylawsorotherwiseorothersuchlawofajurisdictionoutsideoftheUnitedStates,insofarassuchlosses,claims,damagesorliabilities(oractionsinrespectthereof)ariseoutoforarebasedupon(i)anyuntruestatementorallegeduntruestatementofanymaterialfactcontainedinanyRegistrationStatementunderwhichsuchRegistrableShareswereregisteredundertheSecuritiesAct,anypreliminaryprospectusorfinalprospectuscontainedintheRegistrationStatement,oranyamendmentorsupplementtosuchRegistrationStatement,(ii)theomissionorallegedomissiontostateamaterialfactrequiredtobestatedthereinornecessarytomakethestatementsthereinnotmisleading,or(iii)anyviolationorallegedviolationbytheCompanyoftheSecuritiesAct,theExchangeAct,anystatesecuritieslaworanyruleorregulationpromulgatedundertheSecuritiesAct,theExchangeActoranystatesecuritieslaw,orothersuchlawofajurisdictionoutsideoftheUnitedStates,inconnectionwiththeRegistrationStatementortheofferingcontemplatedthereby;andtheCompanywillreimbursesuchSellingStoc