Joinder Agreement to Registration Rights Agreement among RC IV Cayman ICW Holdings Sub LLC, Driven Equity LLC, RC IV Cayman ICW Holdings LLC, and Driven Brands Holdings Inc.

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Summary

This Joinder Agreement adds RC IV Cayman ICW Holdings Sub LLC as a party to an existing Registration Rights Agreement dated January 20, 2021, with Driven Equity LLC, RC IV Cayman ICW Holdings LLC, and Driven Brands Holdings Inc. By signing, the new party agrees to be bound by all terms of the original agreement, including rights and obligations related to the registration of securities. The agreement is effective as of December 29, 2021, and ensures the new party has the same rights and responsibilities as the original signatories.

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EX-10.18 4 exhibit1018joindertoregist.htm EX-10.18 Document

JOINDER AGREEMENT

The undersigned is executing and delivering this Joinder Agreement pursuant to that certain Registration Rights Agreement, dated as of January 20, 2021 (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Registration Rights Agreement”), by and among Driven Equity LLC, RC IV Cayman ICW Holdings LLC and Driven Brands Holdings Inc. Capitalized terms used but not defined in this Joinder Agreement shall have the respective meanings ascribed to such terms in the Registration Rights Agreement.
By executing and delivering this Joinder Agreement to the Registration Rights Agreement, the undersigned hereby adopts and approves the Registration Rights Agreement and agrees, effective commencing on the date hereof and as a condition to the undersigned’s becoming a Transferee of Registrable Securities, to be bound by and comply with the provisions of, the Registration Rights Agreement, including Section 2.12 therein, in the same manner as if the undersigned were an original signatory to the Registration Rights Agreement.
The undersigned acknowledges and agrees that Article III of the Registration Rights Agreement is incorporated herein by reference, mutatis mutandis.
Accordingly, the undersigned has executed and delivered this Joinder Agreement as of the 29th day of December, 2021.    

RC IV CAYMAN ICW HOLDINGS SUB LLC

By: /s/ Stephen D. Aronson
Name: Stephen D. Aronson
Title: Vice President, General Counsel and Secretary



AGREED AND ACCEPTED
as of the 29th day of December, 2021


DRIVEN EQUITY LLC

By: /s/ Stephen D. Aronson
Name: Stephen D. Aronson
Title: General Counsel and Secretary




RC IV CAYMAN ICW HOLDINGS LLC

By: /s/ Stephen D. Aronson
Name: Stephen D. Aronson
Title: Manager




DRIVEN BRANDS HOLDINGS INC.


By: /s/ Scott O’ Melia
Name: Scott O’Melia
Title: Executive Vice President, General
Counsel and Secretary