**EXHIBIT 4.1**

 

**REGISTRATION RIGHTS AGREEMENT**

 

This Registration RightsAgreement ("Agreement") is entered into as of the 1st day of July, 2012, by and among **HYPERION ACQUISITION CORP.**,a Delaware corporation (the "Company"), and the undersigned parties listed under Investor on the signature page hereto(each, an "Investor" and collectively, the "Investors").

 

The Investors(William Tay) currently hold all of the issued and outstanding securities (31,390,000 shares of common stock) of the Companyas of the date of this Agreement; and

 

The Investors and the Companydesire to enter into this Agreement to provide the Investors with certain rights relating to the registration of shares of CommonStock (as defined below) held by them.

 

**NOW, THEREFORE**,in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receiptand sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1. **DEFINITIONS.**The following capitalized terms used herein have the following meanings:

 

"Agreement" meansthis Agreement, as amended, restated, supplemented, or otherwise modified from time to time.

 

"Commission"means the Securities and Exchange Commission, or any other federal agency then administering the Securities Act or the ExchangeAct.

 

"Common Stock"means the common stock, par value $0.001 per share, of the Company.

 

"Company" isdefined in the preamble to this Agreement.

 

"Demand Registration"is defined in Section 2.1.1.

 

"Demanding Holder"is defined in Section 2.1.1.

 

"Exchange Act"means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder,all as the same shall be in effect at the time.

 

"Form S-3" isdefined in Section 2.3.

 

"Indemnified Party"is defined in Section 4.3.

 

"Indemnifying Party"is defined in Section 4.3.

 

"Investor" isdefined in the preamble to this Agreement.

 

"Investor IndemnifiedParty" is defined in Section 4.1.

 

"IPO" is definedas the Company's initial public offering (if any) of its securities pursuant to a Registration Statement on Form S-1, as amended.

 

"Maximum Number ofShares" is defined in Section 2.1.4.

 

"Notices" isdefined in Section 6.3.

 

"Piggy-Back Registration"is defined in Section 2.2.1.

 

"Prospectus"means the Company's prospectus relating to the IPO.

 

"Register," "registered"and "registration" mean a registration effected by preparing and filing a registration statement or similar documentin compliance with the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, andsuch registration statement becoming effective.

 

"Registrable Securities"means all of the shares of Common Stock held by Investors. Registrable Securities includes shares of capital stock or other securitiesof the Company issued as a dividend or other distribution with respect to or in exchange for or in replacement of such shares ofCommon Stock. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when: (a) aRegistration Statement with respect to the sale of such securities shall have become effective under the Securities Act and suchsecurities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (b) suchsecurities shall have been otherwise transferred, new certificates for them not bearing a legend restricting further transfer shallhave been delivered by the Company and subsequent public distribution of them shall not require registration under the SecuritiesAct; (c) such securities shall have ceased to be outstanding; or (d) the Securities and Exchange Commission makes a definitivedetermination to the Company that the Registrable Securities are salable under Rule 144(k).

 

"Registration Statement"means a registration statement filed by the Company with the Commission in compliance with the Securities Act and the rules andregulations promulgated thereunder for a public offering and sale of Common Stock (other than a registration statement on FormS-4 or Form S-8, or its successor, or any registration statement covering only securities proposed to be issued in exchange forsecurities or assets of another entity).

 

"Release Date"means the date upon which the Company consummates a "business combination" with a "target business."

 

"Securities Act"means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder, all as thesame shall be in effect at the time.

 

"Underwriter"means a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part ofsuch dealer's market-making activities.

 

2. **REGISTRATION RIGHTS.**

 

2.1 Demand Registration.

 

2.1.1 Request for Registration.At any time and from time to time on or after the Release Date, the holders of a majority-in-interest of the Registrable Securitiesheld by the Investors (other than the transferees of the Investors), may make a written demand for registration under the SecuritiesAct of all or part of their Registrable Securities (a "Demand Registration"). Any demand for a Demand Registration shallspecify the number of shares of Registrable Securities proposed to be sold and the intended method(s) of distribution thereof.The Company will notify all holders of Registrable Securities of the demand, and each holder of Registrable Securities who wishesto include all or a portion of such holder's Registrable Securities in the Demand Registration (each such holder including sharesof Registrable Securities in such registration, a "Demanding Holder") shall so notify the Company within fifteen (15)days after the receipt by the holder of the notice from the Company. Upon any such request, the Demanding Holders shall be entitledto have their Registrable Securities included in the Demand Registration, subject to Section 2.1.4 and the provisions set forthin Section 3.1.1. The Company shall not be obligated to effect more than an aggregate of two (2) Demand Registrations under thisSection 2.1.1 in respect of Registrable Securities.

 

2.1.2 Effective Registration.A registration will not count as a Demand Registration until the Registration Statement filed with the Commission with respectto such Demand Registration has been declared effective and the Company has complied with all of its obligations under this Agreementwith respect thereto; provided, however, that if, after such Registration Statement has been declared effective, the offering ofRegistrable Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of the Commission orany other governmental agency or court, the Registration Statement with respect to such Demand Registration will be deemed notto have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or otherwise terminated,and (ii) a majority-in-interest of the Demanding Holders thereafter elect to continue the offering; provided, further, that theCompany shall not be obligated to file a second Registration Statement until a Registration Statement that has been filed is countedas a Demand Registration or is terminated.

 

2.1.3 Underwritten Offering.If a majority-in-interest of the Demanding Holders so elect and such holders so advise the Company as part of their written demandfor a Demand Registration, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the formof an underwritten offering. In such event, the right of any holder to include its Registrable Securities in such registrationshall be conditioned upon such holder's participation in such underwriting and the inclusion of such holder's Registrable Securitiesin the underwriting to the extent provided herein. All Demanding Holders proposing to distribute their securities through suchunderwriting shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters selected for suchunderwriting by a majority-in-interest of the holders initiating the Demand Registration.

 

2.1.4 Reduction of Offering.If the managing Underwriter or Underwriters for a Demand Registration that is to be an underwritten offering advises the Companyand the Demanding Holders in writing that the dollar amount or number of shares of Registrable Securities which the Demanding Holdersdesire to sell, taken together with all other shares of Common Stock or other securities which the Company desires to sell andthe shares of Common Stock, if any, as to which registration has been requested pursuant to written contractual piggy-back registrationrights held by other stockholders of the Company who desire to sell, exceeds the maximum dollar amount or maximum number of sharesthat can be sold in such 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 shares, as applicable, the "MaximumNumber of Shares"), then the Company shall include in such registration: (i) first, the Registrable Securities as to whichDemand Registration has been requested by the Demanding Holders (pro rata in accordance with the number of shares of RegistrableSecurities which such Demanding Holder has requested be included in such registration, regardless of the number of shares of RegistrableSecurities held by each Demanding Holder) that can be sold without exceeding the Maximum Number of Shares; (ii) second, to theextent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the shares of Common Stock or othersecurities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to theextent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the shares of Common Stockfor the account of other persons that the Company is obligated to register pursuant to written contractual arrangements with suchpersons and that can be sold without exceeding the Maximum Number of Shares; and (v) fourth, to the extent that the Maximum Numberof Shares have not been reached under the foregoing clauses (i), (ii), and (iii), the shares of Common Stock that other stockholdersdesire to sell that can be sold without exceeding the Maximum Number of Shares.

 

2.1.5 Withdrawal. If amajority-in-interest of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to include all oftheir Registrable Securities in any offering, such majority-in-interest of the Demanding Holders may elect to withdraw from suchoffering by giving written notice to the Company and the Underwriter or Underwriters of their request to withdraw prior to theeffectiveness of the Registration Statement filed with the Commission with respect to such Demand Registration. If the majority-in-interestof the Demanding Holders withdraws from a proposed offering relating to a Demand Registration, then such registration shall notcount as a Demand Registration provided for in Section 2.1.1.

 

2.2 Piggy-Back Registration.

 

2.2.1 Piggy-Back Rights.If at any time on or after the Release Date the Company proposes to file a Registration Statement under the Securities Act withrespect to an offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertibleinto, equity securities, by the Company for its own account or for stockholders of the Company for their account (or by the Companyand by stockholders of the Company including, without limitation, pursuant to Section 2.1), 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 securitiessolely to the Company's existing stockholders, (iii) for an offering of debt that is convertible into equity securities of theCompany or (iv) for a dividend reinvestment plan, then the Company shall (x) give written notice of such proposed filing to theholders of Registrable Securities as soon as practicable but in no event less than ten (10) days before the anticipated filingdate, which notice shall describe the amount and type of securities to be included in such offering, the intended method(s) ofdistribution, and the name of the proposed managing Underwriter or Underwriters, if any, of the offering, and (y) offer to theholders of Registrable Securities in such notice the opportunity to register the sale of such number of shares of Registrable Securitiesas such holders may request in writing within five (5) days following receipt of such notice (a "Piggy-Back Registration").The Company shall cause such Registrable Securities to be included in such registration and shall use its best efforts to causethe managing Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested tobe included in a Piggy-Back Registration to be included on the same terms and conditions as any similar securities of the Companyand to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distributionthereof. All holders of Registrable Securities proposing to distribute their securities through a Piggy-Back Registration thatinvolves an Underwriter or Underwriters shall enter into an underwriting agreement in customary Form with the Underwriter or Underwritersselected for such Piggy-Back Registration.

 

2.2.2 Reduction of Offering.If the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten offering advises the Companyand the holders of Registrable Securities in writing that the dollar amount or number of shares of Common Stock which the Companydesires to sell, taken together with shares of Common Stock, if any, as to which registration has been demanded pursuant to writtencontractual arrangements with persons other than the holders of Registrable Securities hereunder, the Registrable Securities asto which registration has been requested under this Section 2.2, and the shares of Common Stock, if any, as to which registrationhas been requested pursuant to the written contractual piggy-back registration rights of other stockholders of the Company, exceedsthe Maximum Number of Shares, then the Company shall include in any such registration:

 

(i) If the registrationis undertaken for the Company's account: (A) first, the shares of Common Stock or other securities that the Company desires tosell that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shareshas not been reached under the foregoing clause (A), the shares of Common Stock, if any, including the Registrable Securities,as to which registration has been requested pursuant to written contractual piggy-back registration rights of security holders(pro rata in accordance with the number of shares of Common Stock which each such person has actually requested to be includedin such registration, regardless of the number of shares of Common Stock with respect to which such persons have the right to requestsuch inclusion) that can be sold without exceeding the Maximum Number of Shares; and

 

(ii) If the registrationis a "demand" registration undertaken at the demand of persons other than the holders of Registrable Securities pursuantto written contractual arrangements with such persons, (A) first, the shares of Common Stock for the account of the demanding personsthat can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares hasnot been reached under the foregoing clause (A), the shares of Common Stock or other securities that the Company desires to sellthat can be sold without exceeding the Maximum Number of Shares; and (C) third, to the extent that the Maximum Number of Shareshas not been reached under the foregoing clauses (A) and (B), the Registrable Securities as to which registration has been requestedunder this Section 2.2 (pro rata in accordance with the number of shares of Registrable Securities held by each such holder); and(D) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B) and (C),the shares of Common Stock, if any, as to which registration has been requested pursuant to written contractual piggy-back registrationrights which such other stockholders desire to sell that can be sold without exceeding the Maximum Number of Shares.

 

2.2.3 Withdrawal. Any holderof Registrable Securities may elect to withdraw such holder's request for inclusion of Registrable Securities in any Piggy-BackRegistration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the RegistrationStatement. The Company may also elect to withdraw a registration statement at any time prior to the effectiveness of the RegistrationStatement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders of Registrable Securitiesin connection with such Piggy-Back Registration as provided in Section 3.3.

 

2.3 Registrations on FormS-3. The holders of Registrable Securities may at any time and from time to time, request in writing that the Company registerthe resale of any or all of such Registrable Securities on Form S-3 or any similar short-Form registration which may be availableat such time ("Form S-3"); provided, however, that the Company shall not be obligated to effect such request throughan underwritten offering. Upon receipt of such written request, the Company will promptly give written notice of the proposed registrationto all other holders of Registrable Securities, and, as soon as practicable thereafter, effect the registration of all or suchportion of such holder's or holders' Registrable Securities as are specified in such request, together with all or such portionof the Registrable Securities of any other holder or holders joining in such request as are specified in a written request givenwithin fifteen (15) days after receipt of such written notice from the Company; provided, however, that the Company shall not beobligated to effect any such registration pursuant to this Section 2.3: (i) if Form S-3 is not available for such offering; or(ii) if the holders of the Registrable Securities, together with the holders of any other securities of the Company entitled toinclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at any aggregate priceto the public of less than $100,000. Registrations effected pursuant to this Section 2.3 shall not be counted as Demand Registrationseffected pursuant to Section 2.1.

 

3. **REGISTRATION PROCEDURES.**

 

3.1 Filings; Information.Whenever the Company is required to effect the registration of any Registrable Securities pursuant to Section 2, the Company shalluse its best efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method(s)of distribution thereof as expeditiously as practicable, and in connection with any such request:

 

3.1.1 Filing RegistrationStatement. The Company shall, as expeditiously as possible and in any event within sixty (60) days after receipt of a request fora Demand Registration pursuant to Section 2.1, prepare and file with the Commission a Registration Statement on any form for whichthe Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for the saleof all Registrable Securities to be registered thereunder in accordance with the intended method(s) of distribution thereof, andshall use its best efforts to cause such Registration Statement to become and remain effective for the period required by Section3.1.3; provided, however, that the Company shall have the right to defer any Demand Registration for up to thirty (30) days, andany Piggy-Back Registration for such period as may be applicable to deferment of any demand registration to which such Piggy-BackRegistration relates, in each case if the Company shall furnish to the holders a certificate signed by the Chief Executive Officerof the Company stating that, in the good faith judgment of the Board of Directors of the Company, it would be materially detrimentalto the Company and its stockholders for such Registration Statement to be effected at such time; provided further, however, thatthe Company shall not have the right to exercise the right set forth in the immediately preceding proviso more than once in any365-day period in respect of a Demand Registration hereunder.

 

3.1.2 Copies. The Companyshall, prior to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish without charge tothe holders of Registrable Securities included in such registration, and such holders' legal counsel, copies of such RegistrationStatement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all exhibitsthereto and documents incorporated by reference therein), the prospectus included in such Registration Statement (including eachpreliminary prospectus), and such other documents as the holders of Registrable Securities included in such registration or legalcounsel for any such holders may request in order to facilitate the disposition of the Registrable Securities owned by such holders.

 

3.1.3 Amendments and Supplements.The Company shall prepare and file with the Commission such amendments, including post-effective amendments, and supplements tosuch Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statementeffective and in compliance with the provisions of the Securities Act until all Registrable Securities and other securities coveredby such Registration Statement have been disposed of in accordance with the intended method(s) of distribution set forth in suchRegistration Statement (which period shall not exceed the sum of one hundred eighty (180) days plus any period during which anysuch disposition is interfered with by any stop order or injunction of the Commission or any governmental agency or court) or suchsecurities have been withdrawn.

 

3.1.4 Notification. Afterthe filing of a Registration Statement, the Company shall promptly, and in no event more than two (2) business days after suchfiling, notify the holders of Registrable Securities included in such Registration Statement of such filing, and shall furthernotify such holders promptly and confirm such advice in writing in all events within two (2) business days of the occurrence ofany of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective amendment to such RegistrationStatement becomes effective; (iii) the issuance or threatened issuance by the Commission of any stop order (and the Company shalltake all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request by the Commissionfor any amendment or supplement to such Registration Statement or any prospectus relating thereto or for additional informationor of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafterdelivered to the purchasers of the securities covered by such Registration Statement, such prospectus will not contain an untruestatement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statementstherein not misleading, and promptly make available to the holders of Registrable Securities included in such Registration Statementany such supplement or amendment; except that before filing with the Commission a Registration Statement or prospectus or any amendmentor supplement thereto, including documents incorporated by reference, the Company shall furnish to the holders of Registrable Securitiesincluded in such Registration Statement and to the legal counsel for any such holders, copies of all such documents proposed tobe filed sufficiently in advance of filing to provide such holders and legal counsel with a reasonable opportunity to review suchdocuments and comment thereon, and the Company shall not file any Registration Statement or prospectus or amendment or supplementthereto, including documents incorporated by reference, to which such holders or their legal counsel shall object.

 

3.1.5 State SecuritiesLaws Compliance. The Company shall use its best efforts to (i) register or qualify the Registrable Securities covered by the RegistrationStatement under such securities or "blue sky" laws of such jurisdictions in the United States as the holders of RegistrableSecurities included in such Registration Statement (in light of their intended plan of distribution) may request and (ii) takesuch action necessary to cause such Registrable Securities covered by the Registration Statement to be registered with or approvedby such other governmental authorities as may be necessary by virtue of the business and operations of the Company and do any andall other acts and things that may be necessary or advisable to enable the holders of Registrable Securities included in such RegistrationStatement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however, that the Companyshall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualifybut for this paragraph (e) or subject itself to taxation in any such jurisdiction.

 

3.1.6 Agreements for Disposition.The Company shall enter into customary agreements (including, if applicable, an underwriting agreement in customary form) and takesuch other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities.The representations, warranties and covenants of the Company in any underwriting agreement which are made to or for the benefitof any Underwriters, to the extent applicable, shall also be made to and for the benefit of the holders of Registrable Securitiesincluded in such registration statement. No holder of Registrable Securities included in such registration statement shall be requiredto make any representations or warranties in the underwriting agreement except, if applicable, with respect to such holder's organization,good standing, authority, title to Registrable Securities, lack of conflict of such sale with such holder's material agreementsand organizational documents, and with respect to written information relating to such holder that such holder has furnished inwriting expressly for inclusion in such Registration Statement.

 

3.1.7 Cooperation. Theprincipal executive officer of the Company, the principal financial officer of the Company, the principal accounting officer ofthe Company and all other officers and members of the management of the Company shall cooperate fully in any offering of RegistrableSecurities hereunder, which cooperation shall include, without limitation, the preparation of the Registration Statement with respectto such offering and all other offering materials and related documents, and participation in meetings with Underwriters, attorneys,accountants and potential investors.

 

3.1.8 Records. The Companyshall make available for inspection by the holders of Registrable Securities included in such Registration Statement, any Underwriterparticipating in any disposition pursuant to such registration statement and any attorney, accountant or other professional retainedby any holder of Registrable Securities included in such Registration Statement or any Underwriter, all financial and other records,pertinent corporate documents and properties of the Company, as shall be necessary to enable them to exercise their due diligenceresponsibility, and cause the Company's officers, directors and employees to supply all information requested by any of them inconnection with such Registration Statement.

 

3.1.9 Opinions and ComfortLetters. The Company shall furnish to each holder of Registrable Securities included in any Registration Statement a signed counterpart,addressed to such holder, of (i) any opinion of counsel to the Company delivered to any Underwriter and (ii) any comfort letterfrom the Company's independent public accountants delivered to any Underwriter. In the event no legal opinion is delivered to anyUnderwriter, the Company shall furnish to each holder of Registrable Securities included in such Registration Statement, at anytime that such holder elects to use a prospectus, an opinion of counsel to the Company to the effect that the Registration Statementcontaining such prospectus has been declared effective and that no stop order is in effect.

 

3.1.10 Earnings Statement.The Company shall comply with all applicable rules and regulations of the Commission and the Securities Act, and make availableto its stockholders, as soon as practicable, an earnings statement covering a period of twelve (12) months, beginning within three(3) months after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section11(a) of the Securities Act and Rule 158 thereunder.

 

3.1.11 Listing. The Companyshall use its best efforts to cause all Registrable Securities included in any registration to be listed on such exchanges or otherwisedesignated for trading in the same manner as similar securities issued by the Company are then listed or designated or, if no suchsimilar securities are then listed or designated, in a manner satisfactory to the holders of a majority of the Registrable Securitiesincluded in such registration.

 

3.2 Obligation to SuspendDistribution. Upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3.1.4(iv),or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by the Company, pursuantto a written insider trading compliance program adopted by the Company's Board of Directors, of the ability of all "insiders"covered by such program to transact in the Company's securities because of the existence of material non-public information, eachholder of Registrable Securities included in any registration shall immediately discontinue disposition of such Registrable Securitiespursuant to the Registration Statement covering such Registrable Securities until such holder receives the supplemented or amendedprospectus contemplated by Section 3.1.4(iv) or the restriction on the ability of "insiders" to transact in the Company'ssecurities is removed, as applicable, and, if so directed by the Company, each such holder will deliver to the Company all copies,other than permanent file copies then in such holder's possession, of the most recent prospectus covering such Registrable Securitiesat the time of receipt of such notice.

 

3.3 Registration Expenses.The Company shall bear all costs and expenses incurred in connection with any Demand Registration pursuant to Section 2.1, anyPiggy-Back Registration pursuant to Section 2.2, and any registration on Form S-3 effected pursuant to Section 2.3, and all expensesincurred in performing or complying with its other obligations under this Agreement, whether or not the Registration Statementbecomes effective, including, without limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance withsecurities or "blue sky" laws (including fees and disbursements of counsel in connection with blue sky qualificationsof the Registrable Securities); (iii) printing expenses; (iv) the Company's internal expenses (including, without limitation, allsalaries and expenses of its officers and employees); (v) the fees and expenses incurred in connection with the listing of theRegistrable Securities as required by Section 3.1.11; (vi) National Association of Securities Dealers, Inc. fees; (vii) fees anddisbursements of counsel for the Company and fees and expenses for independent certified public accountants retained by the Company(including the expenses or costs associated with the delivery of any opinions or comfort letters requested pursuant to Section3.1.9); (viii) the fees and expenses of any special experts retained by the Company in connection with such registration and (ix)the fees and expenses of one legal counsel selected by the holders of a majority-in-interest of the Registrable Securities includedin such registration. The Company shall have no obligation to pay any underwriting discounts or selling commissions attributableto the Registrable Securities being sold by the holders thereof, which underwriting discounts or selling commissions shall be borneby such holders. Additionally, in an underwritten offering, all selling stockholders and the Company shall bear the expenses ofthe underwriter pro rata in proportion to the respective amount of shares each is selling in such offering.

 

3.4 Information. The holdersof Registrable Securities shall provide such information as may reasonably be requested by the Company, or the managing Underwriter,if any, in connection with the preparation of any Registration Statement, including amendments and supplements thereto, in orderto effect the registration of any Registrable Securities under the Securities Act pursuant to Section 2 and in connection withthe Company's obligation to comply with federal and applicable state securities laws.

 

4. **INDEMNIFICATION ANDCONTRIBUTION.**

 

4.1 Indemnification bythe Company. The Company agrees to indemnify and hold harmless each Investor and each other holder of Registrable Securities, andeach of their respective officers, employees, affiliates, directors, partners, members, attorneys and agents, and each person,if any, who controls an Investor and each other holder of Registrable Securities (within the meaning of Section 15 of the SecuritiesAct or Section 20 of the Exchange Act) (each, an "Investor Indemnified Party"), from and against any expenses, losses,judgments, claims, damages or liabilities, whether joint or several, arising out of or based upon any untrue statement (or allegedlyuntrue statement) of a material fact contained in any Registration Statement under which the sale of such Registrable Securitieswas registered under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained in the RegistrationStatement, or any amendment or supplement to such Registration Statement, or arising out of or based upon any omission (or allegedomission) to state a material fact required to be stated therein or necessary to make the statements therein not misleading, orany violation by the Company of the Securities Act or any rule or regulation promulgated thereunder applicable to the Company andrelating to action or inaction required of the Company in connection with any such registration; and the Company shall promptlyreimburse the Investor Indemnified Party for any legal and any other expenses reasonably incurred by such Investor IndemnifiedParty in connection with investigating and defending any such expense, loss, judgment, claim, damage, liability or action; provided,however, that the Company will not be liable in any such case to the extent that any such expense, loss, claim, damage or liabilityarises out of or is based upon any untrue statement or allegedly untrue statement or omission or alleged omission made in suchRegistration Statement, preliminary prospectus, final prospectus, or summary prospectus, or any such amendment or supplement, inreliance upon and in conformity with information furnished to the Company, in writing, by such selling holder expressly for usetherein. The Company also shall indemnify any Underwriter of the Registrable Securities, their officers, affiliates, directors,partners, members and agents and each person who controls such Underwriter on substantially the same basis as that of the indemnificationprovided above in this Section 4.1.

 

4.2 Indemnification byHolders of Registrable Securities. Each selling holder of Registrable Securities will, in the event that any registration is beingeffected under the Securities Act pursuant to this Agreement of any Registrable Securities held by such selling holder, indemnifyand hold harmless the Company, each of its directors and officers and each underwriter (if any), and each other person, if any,who controls such selling holder or such underwriter within the meaning of the Securities Act, against any losses, claims, judgments,damages or liabilities, whether joint or several, insofar as such losses, claims, judgments, damages or liabilities (or actionsin respect thereof) arise out of or are based upon any untrue statement or allegedly untrue statement of a material fact containedin any Registration Statement under which the sale of such Registrable Securities was registered under the Securities Act, anypreliminary prospectus, final prospectus or summary prospectus contained in the Registration Statement, or any amendment or supplementto the Registration Statement, or arise out of or are based upon any omission or the alleged omission to state a material factrequired to be stated therein or necessary to make the statement therein not misleading, if the statement or omission was madein reliance upon and in conformity with information furnished in writing to the Company by such selling holder expressly for usetherein, and shall reimburse the Company, its directors and officers, and each such controlling person for any legal or other expensesreasonably incurred by any of them in connection with investigation or defending any such loss, claim, damage, liability or action.Each selling holder's indemnification obligations hereunder shall be several and not joint and shall be limited to the amount ofany net proceeds actually received by such selling holder.

 

4.3 Conduct of IndemnificationProceedings. Promptly after receipt by any person of any notice of any loss, claim, damage or liability or any action in respectof which indemnity may be sought pursuant to Section 4.1 or 4.2, such person (the "Indemnified Party") shall, if a claimin respect thereof is to be made against any other person for indemnification hereunder, notify such other person (the "IndemnifyingParty") in writing of the loss, claim, judgment, damage, liability or action; provided, however, that the failure by the IndemnifiedParty to notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which the Indemnifying Partymay have to such Indemnified Party hereunder, except and solely to the extent the Indemnifying Party is actually prejudiced bysuch failure. If the Indemnified Party is seeking indemnification with respect to any claim or action brought against the IndemnifiedParty, then the Indemnifying Party shall be entitled to participate in such claim or action, and, to the extent that it wishes,jointly with all other Indemnifying Parties, to assume control of the defense thereof with counsel satisfactory to the IndemnifiedParty. After notice from the Indemnifying Party to the Indemnified Party of its election to assume control of the defense of suchclaim or action, the Indemnifying Party shall not be liable to the Indemnified Party for any legal or other expenses subsequentlyincurred by the Indemnified Party in connection with the defense thereof other than reasonable costs of investigation; provided,however, that in any action in which both the Indemnified Party and the Indemnifying Party are named as defendants, the IndemnifiedParty shall have the right to employ separate counsel (but no more than one such separate counsel) to represent the IndemnifiedParty and its controlling persons who may be subject to liability arising out of any claim in respect of which indemnity may besought by the Indemnified Party against the Indemnifying Party, with the fees and expenses of such counsel to be paid by such IndemnifyingParty if, based upon the written opinion of counsel of such Indemnified Party, representation of both parties by the same counselwould be inappropriate due to actual or potential differing interests between them. No Indemnifying Party shall, without the priorwritten consent of the Indemnified Party, consent to entry of judgment or effect any settlement of any claim or pending or threatenedproceeding in respect of which the Indemnified Party is or could have been a party and indemnity could have been sought hereunderby such Indemnified Party, unless such judgment or settlement includes an unconditional release of such Indemnified Party fromall liability arising out of such claim or proceeding.

 

4.4 Contribution.

 

4.4.1 If the indemnificationprovided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect of any loss, claim,damage, liability or action referred to herein, then each such Indemnifying Party, in lieu of indemnifying such Indemnified Party,shall contribute to the amount paid or payable by such Indemnified Party as a result of such loss, claim, damage, liability oraction in such proportion as is appropriate to reflect the relative fault of the Indemnified Parties and the Indemnifying Partiesin connection with the actions or omissions which resulted in such loss, claim, damage, liability or action, as well as any otherrelevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying Party shall be determined byreference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or allegedomission to state a material fact relates to information supplied by such Indemnified Party or such Indemnifying Party and theparties' relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.

 

4.4.2 The parties heretoagree that it would not be just and equitable if contribution pursuant to this Section 4.4 were determined by pro rata allocationor by any other method of allocation which does not take account of the equitable considerations referred to in the immediatelypreceding Section 4.4.1. The amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability oraction referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above,any legal or other expenses incurred by such Indemnified Party in connection with investigating or defending any such action orclaim. Notwithstanding the provisions of this Section 4.4, no holder of Registrable Securities shall be required to contributeany amount in excess of the dollar amount of the net proceeds (after payment of any underwriting fees, discounts, commissions ortaxes) actually received by such holder from the sale of Registrable Securities which gave rise to such contribution obligation.No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitledto contribution from any person who was not guilty of such fraudulent misrepresentation.

 

5. **UNDERWRITING ANDDISTRIBUTION.**

 

5.1 Rule 144. The Companycovenants that it shall file any reports required to be filed by it under the Securities Act and the Exchange Act and shall takesuch further action as the holders of Registrable Securities may reasonably request, all to the extent required from time to timeto enable such holders to sell Registrable Securities without registration under the Securities Act within the limitation of theexemptions provided by Rule 144 under the Securities Act, as such Rules may be amended from time to time, or any similar rule orregulation hereafter adopted by the Commission.

 

6. **MISCELLANEOUS.**

 

6.1 Other RegistrationRights. The Company represents and warrants that no person, other than a holder of the Registrable Securities, has any right torequire the Company to register any shares of the Company's capital stock for sale or to include shares of the Company's capitalstock in any registration filed by the Company for the sale of shares of capital stock for its own account or for the account ofany other person.

 

6.2 Assignment; No ThirdParty Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegatedby the Company in whole or in part. This Agreement and the rights, duties and obligations of the holders of Registrable Securitieshereunder may be freely assigned or delegated by such holder of Registrable Securities in conjunction with and to the extent ofany transfer of Registrable Securities by any such holder. This Agreement and the provisions hereof shall be binding upon and shallinure to the benefit of each of the parties and their respective successors and the permitted assigns of the Investor or holderof Registrable Securities or of any assignee of the Investor or holder of Registrable Securities. This Agreement is not intendedto confer any rights or benefits on any persons that are not party hereto other than as expressly set forth in Article 4 and thisSection 6.2.

 

6.3 Notices. All notices,demands, requests, consents, approvals or other communications (collectively, "Notices") required or permitted to begiven hereunder or which are given with respect to this Agreement shall be in writing and shall be personally served, deliveredby reputable air courier service with charges prepaid, or transmitted by hand delivery, telegram, telex or facsimile, addressedas set forth below, or to such other address as such party shall have specified most recently by written notice. Notice shall bedeemed given on the date of service or transmission if personally served or transmitted by telegram, telex or facsimile; provided,that if such service or transmission is not on a business day or is after normal business hours, then such notice shall be deemedgiven on the next business day. Notice otherwise sent as provided herein shall be deemed given on the next business day followingtimely delivery of such notice to a reputable air courier service with an order for next-day delivery.

 

To the Company:

 

Hyperion Acquisition Corp.

2000 Hamilton Street, #943

Philadelphia, PA 19130

Attention: William Tay,President and Director

E-mail: wtay@56k.net

 

To an Investor, to:

 

William Tay

P.O. Box 42198

Philadelphia, PA 19101

E-mail: william.tay@hotmail.com

 

6.4 Severability. ThisAgreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect thevalidity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalidor unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provisionas similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

6.5 Counterparts. ThisAgreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which taken togethershall constitute one (1) and the same instrument.

 

6.6 Entire Agreement. ThisAgreement (including all agreements entered into pursuant hereto and all certificates and instruments delivered pursuant heretoand thereto) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede all prior andcontemporaneous agreements, representations, understandings, negotiations and discussions between the parties, whether oral orwritten.

 

6.7 Modifications and Amendments.No amendment, modification or termination of this Agreement shall be binding upon any party unless executed in writing by suchparty.

 

6.8 Titles and Headings.Titles and headings of sections of this Agreement are for convenience only and shall not affect the construction of any provisionof this Agreement.

 

6.9 Waivers and Extensions.Any party to this Agreement may waive any right, breach or default which such party has the right to waive, provided that suchwaiver will not be effective against the waiving party unless it is in writing, is signed by such party, and specifically refersto 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 waiverof any preceding or succeeding breach thereof nor of any other agreement or provision herein contained. No waiver or extensionof time for performance of any obligations or acts shall be deemed a waiver or extension of the time for performance of any otherobligations or acts.

 

6.10 Remedies Cumulative.In the event that the Company fails to observe or perform any covenant or agreement to be observed or performed under this Agreement,the Investor or any other holder of Registrable Securities may proceed to protect and enforce its rights by suit in equity or actionat law, whether for specific performance of any term contained in this Agreement or for an injunction against the breach of anysuch term or in aid of the exercise of any power granted in this Agreement or to enforce any other legal or equitable right, orto take any one or more of such actions, without being required to post a bond. None of the rights, powers or remedies conferredunder this Agreement shall be mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to anyother right, power or remedy, whether conferred by this Agreement or now or hereafter available at law, in equity, by statute orotherwise.

 

6.11 Governing Law. ThisAgreement shall be governed by, interpreted under, and construed in accordance with the internal laws of the State of Delawareapplicable to agreements made and to be performed within the State of Delaware, without giving effect to any choice-of-law provisionsthereof that would compel the application of the substantive laws of any other jurisdiction.

 

6.12 Waiver of Trial byJury. Each party hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim orother proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, thetransactions contemplated hereby, or the actions of the Investor in the negotiation, administration, performance or enforcementhereof.

 

**IN WITNESS WHEREOF**,the parties have caused this Registration Rights Agreement to be executed and delivered by their duly authorized representativesas of the date first written above.

 

 

		**HYPERION ACQUISITION CORP.**

		A Delaware corporation

 

 

						/s/ William Tay

		By: _____________________________

Name: William Tay

Title: President and Director

Dated: July 1, 2012

 

** **

**INVESTORS:**

 

 

/s/ William Tay

_____________________________

William Tay

Investor

Dated: July 1, 2012