Exhibit 10.3

 
November 17, 2018
 
Big Rock Partners Acquisition Corp.
2645 N. Federal Highway, Suite 230
Delray Beach, FL 33483
Attention: Lindsay A. Rosenwald
 
BRAC Lending Group LLC
c/o David Nussbaum
EarlyBirdCapital, Inc.
366 Madison Avenue
8th Floor
New York, NY 10017
 
Dear Sirs:
 
Pursuant to that certain Registration Rights Agreement (the “RRA”), dated as of
November 20, 2017, by and among Big Rock Partners Acquisition Corp., a Delaware
corporation (the “Company”), and Big Rock Partners Sponsor, LLC (the
“Shareholder”), the Company has granted the Shareholder certain registration
rights (the “Registration Rights”) with respect to the shares of common stock of
the Company (the “Insider Shares”) purchased by the Shareholder from the Company
prior to the Company’s initial public offering.
 
The Shareholder has executed an agreement (the “Transfer Agreement”) of even
date herewith pursuant to which the Shareholder has transferred 1,500,000 of the
Insider Shares, for aggregate consideration of $1.00, to BRAC Lending Group LLC
(the “Investor”). In connection with the transfer of the Insider Shares, the
Shareholder desires to assign its Registration Rights with respect to the
1,500,000 Insider Shares to the Investor in accordance with Section 6.2 of the
RRA, and the Company has agreed to consent to such assignment. Accordingly, the
Shareholder’s Registration Rights with respect to the 1,500,000 Insider Shares
shall be assigned to the Investor as of the date hereof. The Investor is
agreeing to be bound by the terms and conditions of the RRA. The Shareholder
shall maintain its Registration Rights with respect to any other securities of
the Company not transferred to the Investor pursuant to the Transfer Agreement.
 
[Remainder of page intentionally left blank; signature page to follow.]
 

 
 
Very truly yours,
 
BIG ROCK PARTNERS SPONSOR LLC
 
By: /s/ Richard
Ackerman                                                               
Name: Richard Ackerman
Title: Managing Member
 
The undersigned acknowledges and consents to the foregoing terms.
 
BIG ROCK PARTNERS ACQUISITION CORP.
 
By: /s/ Lori Wittman                    

Name: Lori Wittman
Title: Chief Financial Officer
 
BRAC LENDING GROUP LLC
 
By: /s/ David Nussbaum                                

Name: David Nussbaum
Title:
 
[Signature Page - Registration Rights Assignment Letter]