Common use of Terms of the Sponsor Warrants Clause in Contracts

Terms of the Sponsor Warrants. (i) Each Sponsor Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a “Warrant Agreement”). (ii) At the time of, or prior to, the closing of the Public Offering, the Company, the Purchaser and Liberty Media Corporation, a Delaware corporation (“LMC”), shall enter into an investor rights agreement (the “Investor Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser and LMC relating to the Sponsor Warrants and the shares of Common Stock underlying the Sponsor Warrants.