Document:

Exhibit 10.2

 

 

AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

This Registration Rights Agreement
(this “Agreement”) is made and entered into as of February __, 2022 (the “Effective Date”) by and
among Novus Capital Corporation II, a Delaware corporation (the “Company”) and the parties listed on Schedule
A hereto (each, a “Holder” and collectively, the “Holders”). Any capitalized term used
but not defined herein will have the meaning ascribed to such term in the Business Combination Agreement (as defined below).

 

RECITALS

 

WHEREAS, the Company, NCCII
Merger Corp., a Delaware corporation and Energy Vault, Inc., a Delaware corporation (“Energy Vault”) are party to that
certain Business Combination Agreement and Plan of Reorganization dated as September 8 , 2021 (the “Business Combination Agreement”),
pursuant to which, on the Effective Date, Merger Sub will merge (the “Merger”) with and into Energy Vault, with Energy
Vault surviving the Merger as a wholly owned subsidiary of the Company;

 

WHEREAS, the Company and certain
of the Holders designated as Original Holders on Schedule A hereto (the “Original Holders”) are parties to that
certain Registration Rights Agreement, dated as of February 3, 2021 (the “Prior Agreement”);

 

WHEREAS, certain of the Holders
currently hold an aggregate of 7,187,500 shares of the Company’s Class B common stock, par value $0.0001 per share, which upon consummation
of the Merger will be converted to an equal number of shares of the Company’s Class A common stock, par value $0.0001 per share
(the “Common Stock”);

  

WHEREAS, certain of the Holders
designated as New Holders on Schedule A hereto (the “New Holders”) are receiving shares of Common Stock (the
 “Business Combination Shares”) on or about the date hereof, pursuant to the Business Combination Agreement; and

 

WHEREAS, the parties to the
Prior Agreement desire to terminate the Prior Agreement and to provide for certain rights and obligations included herein and to include
the recipients of the Business Combination Shares identified herein.

 

NOW, THEREFORE, in consideration
of the mutual covenants and agreements contained herein, the parties agree as follows:

 

ARTICLE I

DEFINITIONS

 

Section 1.1      Definitions. For
purposes of this Agreement, the following terms and variations thereof have the meanings set forth below:

 

“Agreement”
shall have the meaning given in the Preamble.

 

“Board”
shall mean the Board of Directors of the Company.

 

“Business Combination”
shall mean any merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination
with one or more businesses, involving the Company.

 

“Business Combination
Shares” shall have the meaning given in the Recitals hereto.

 

“Business Day”
means any day other than a Sunday or a day on which the Federal Reserve Bank of New York is closed.

  

“Commission”
shall mean the Securities and Exchange Commission.

 

     

     

    

 

“Common Stock”
shall have the meaning given in the Recitals hereto.

 

“Company”
shall have the meaning given in the Preamble.

  

“Demand Registration”
shall have the meaning given in subsection 2.1.1.

 

“Demand Requesting
Holder” shall have the meaning given in subsection 2.1.1.

 

“Demanding Holders”
shall mean the Demanding New Holders and/or Demanding Original Holders, as the case may be.

 

“Effectiveness Deadline”
shall have the meaning given in subsection 2.3.1.

 

“Exchange Act”
shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.

 

“Form S-1” means
a Registration Statement on Form S-1.

 

“Form S-3”
shall have the meaning given in subsection 2.1.1.

 

“Holders”
shall have the meaning given in the Preamble.

  

“Maximum Number of
Securities” shall have the meaning given in subsection 2.1.4.

 

“Misstatement”
shall mean, in the case of a Registration Statement, an untrue statement of a material fact or an omission to state a material fact required
to be stated therein, or, in the case of a Prospectus, an untrue statement of material fact or an omission to state a material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading.

 

“New Holders”
shall have the meaning given in the Recitals hereto.

 

“New Registration
Statement” shall have the meaning given in subsection 2.3.4.

 

“Original Holders”
shall have the meaning given in the Recitals hereto.

  

“Piggyback Registration”
shall have the meaning given in subsection 2.3.1.

 

“Prior Agreement”
shall have the meaning given in the Recitals hereto.

 

“Private Warrants”
means Warrants of the Company purchased by certain of the Original Holders at the time of the Company’s initial public offering.

  

“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Registrable
Security” shall mean (a) any outstanding share of Common Stock or any other equity security (including the shares of
Common Stock issued or issuable upon the exercise of any other equity security) of the Company held by an Original Holder as of the
date of this Agreement, (b) any of the Business Combination Shares held by the New Holders as of the date of this Agreement, (c) any
of the Private Warrants and any shares of Common Stock issuable upon the exercise thereof, and (d) any other equity security of
the Company issued or issuable with respect to any such share of Common Stock by way of a stock dividend or stock split or in
connection with a combination of shares, recapitalization, merger, consolidation or
reorganization; provided, however, that, as to any particular Registrable Security, such security shall
cease to be a Registrable Security when: (A) a Registration Statement with respect to the offer or sale of such securities
shall have become effective under the Securities Act; (B) such security shall have been otherwise transferred by a Holder, a
new certificate or book-entry for such security not bearing a legend restricting further transfer shall have been delivered by the
Company and subsequent public distribution of such security shall not require registration under the Securities Act; (C) such
security shall have ceased to be outstanding; (D) such security may be sold without registration pursuant to Rule 144
promulgated under the Securities Act (or any successor rule promulgated thereafter by the Commission) (but with no volume or
other restrictions, limitations or conditions) or (E) such security has been sold to, or through, a broker, dealer or underwriter in
a public distribution or other public securities transaction.

 

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“Registration”
shall mean a registration effected by preparing and filing a registration statement or similar document in compliance with the requirements
of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement becoming
effective.

 

“Registration Expenses”
shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

 

(A) all registration
and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority, Inc.)
and any securities exchange on which the Common Stock is then listed;

 

(B) fees and expenses
of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel for the Underwriters in connection
with blue sky qualifications of Registrable Securities);

 

(C) printing, messenger,
telephone and delivery expenses;

 

(D) reasonable fees and
disbursements of counsel for the Company, including the cost of rendering any opinion or negative assurance letter;

 

(E) reasonable fees and
disbursements of all independent registered public accountants of the Company incurred specifically in connection with such Registration,
including the cost of rendering any comfort letter; and

 

(F) reasonable fees and
expenses of one (1) legal counsel for all holders of registrable securities to be registered for offer and sale in the applicable
Registration, selected by (i) holders of the majority-in-interest of the Demanding Holders initiating a Demand Registration, (ii) holders
of the majority-in-interest of Original Holders of all Registrable Securities included in a Company-initiated Piggyback Registration,
or (iii) holders of the majority-in-interest of New Holders of all Registrable Securities included in a Company-initiated Piggyback Registration,
and (iv) Robert J. Laikin and Larry M. Paulson on behalf of the Original Holders in the case of a Resale Shelf Registration Statement;
provided, however, that such reimbursable fees and expenses shall not exceed $50,000, per Registration Statement.

 

“Registration Statement”
shall mean any registration statement (including a registration statement filed pursuant to Rule 462(b) of the Securities Act) that covers
the Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus included in such registration statement,
amendments (including post-effective amendments) and supplements to such registration statement, and all exhibits to and all material
incorporated by reference in such registration statement.

 

“Resale Shelf Registration
Statement” shall have the meaning given in subsection 2.3.1.

 

“Securities Act”
shall mean the Securities Act of 1933, as amended from time to time.

 

“SEC Guidance”
shall have the meaning given in subsection 2.3.4.

 

“Sponsor
Restricted Stock Agreement” shall mean that certain Sponsor Restricted Stock Agreement, by and among the Company, the stockholders
of the Company identified therein and Energy Vault, dated as of [●],
2021.

 

“Suspension Event”
shall have the meaning given in Section 3.4.

  

“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such
dealer’s market-making activities.

 

“Underwritten Registration”
or “Underwritten Offering” shall mean a Registration in which securities of the Company are sold to an Underwriter
in a firm commitment underwriting for distribution to the public.

 

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ARTICLE II

REGISTRATION

 

Section 2.1      Demand
Registration.

 

2.1.1           Request
for Registration.  Subject to the provisions of Subsection 2.1.4 and Section 2.4 hereof, at any time and from time
to time on or after the date that is 90 days prior to the final expiration (the “Expiration Date”) of the lock-up provisions
set forth in the Lock-up Agreement between the Company and the New Holders or the Original Holders being entered into as of the Effective
Date, (i) New Holders holding at least 20% of the then-outstanding number of Registrable Securities held by all New Holders (such New
Holders, the “Demanding New Holders”) or (ii) Original Holders holding at least a majority in interest of the then-outstanding
number of Registrable Securities held by all Original Holders (such Original Holders, the “Demanding Original Holders”),
may make a written demand for Registration of all or part of their Registrable Securities on Form S-3 (“Form S-3”)
(or, if Form S-3 is not available to be used by the Company at such time, on Form S-1 or another appropriate form permitting
Registration of such Registrable Securities for resale by such Demanding Holders), which written demand shall describe the amount, not
to be less than $25 million, and type of securities to be included in such Registration and the intended method(s) of distribution
thereof (such written demand a “Demand Registration”).  The Company shall, within ten (10) days of the Company’s
receipt of the Demand Registration, notify, in writing, all other Holders of Registrable Securities of such demand, and each Holder of
Registrable Securities who thereafter wishes to include all or a portion of such Holder’s Registrable Securities in a Registration
pursuant to a Demand Registration (each such Holder that includes all or a portion of such Holder’s Registrable Securities in such
Registration, a “Demand Requesting Holder”) shall so notify the Company, in writing, within five (5) days after
the receipt by the Holder of the notice from the Company.  Upon receipt by the Company of any such written notification from a Demand
Requesting Holder(s) to the Company, such Demand Requesting Holder(s) shall be entitled to have their Registrable Securities
included in a Registration pursuant to a Demand Registration and the Company shall file the form, as soon thereafter as practicable, but
not more than forty five (45) days immediately after the Company’s receipt of the Demand Registration, and in no case prior to the
Expiration Date, for the Registration of all Registrable Securities requested by the Demanding Holders and Demand Requesting Holders pursuant
to such Demand Registration.  Under no circumstances shall the Company be obligated to effect more than an aggregate of (i)
two (2) Registrations pursuant to a Demand Registration on behalf of the Demanding Original Holders and (ii) two (2) Registrations
pursuant to a Demand Registration on behalf of the Demanding New Holders under this subsection 2.1.1.

 

2.1.2           Effective
Registration.  Notwithstanding the provisions of Subsection 2.1.1 above or any other part of this Agreement,
a Registration pursuant to a Demand Registration shall not count as a Registration unless and until (i) the Registration Statement
filed with the Commission with respect to a Registration pursuant to a Demand Registration has been declared effective by the Commission
and (ii) the Company has complied with all of its obligations under this Agreement with respect thereto; provided, further, that
if, after such Registration Statement has been declared effective, an offering of Registrable Securities in a Registration pursuant to
a Demand Registration is subsequently interfered with by any stop order or injunction of the Commission, federal or state court or any
other governmental agency the Registration Statement with respect to such Registration shall be deemed not to have been declared effective,
unless and until, (y) such stop order or injunction is removed, rescinded or otherwise terminated, and (z) a majority-in-interest
of the Demanding Holders initiating such Demand Registration thereafter affirmatively elect to continue with such Registration and accordingly
notify the Company in writing, but in no event later than five (5) days, of such election; provided, further, that the Company shall
not be obligated or required to file another Registration Statement until the Registration Statement that has been previously filed with
respect to a Registration pursuant to a Demand Registration becomes effective or is subsequently terminated.

 

2.1.3           Underwritten
Offering.  Subject to the provisions of Subsection 2.1.4 and Section 2.4 hereof, if a majority-in-interest of
the Demanding Holders so advise the Company as part of their Demand Registration that the offering of the Registrable Securities
pursuant to such Demand Registration shall be in the form of an Underwritten Offering, then the right of such Demanding Holder or
Demand Requesting Holder (if any) to include its Registrable Securities in such Registration shall be conditioned upon such
Holder’s participation in such Underwritten Offering and the inclusion of such Holder’s Registrable Securities in such
Underwritten Offering to the extent provided herein.  All such Holders proposing to distribute their Registrable Securities
through an Underwritten Offering under this subsection 2.1.3 shall enter into an underwriting agreement in
customary form with the Underwriter(s) selected for such Underwritten Offering by the Company with approval from the
majority-in-interest of the Demanding Holders initiating the Demand Registration.

 

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2.1.4           Reduction
of Underwritten Offering.  If the managing Underwriter or Underwriters in an Underwritten Registration pursuant to a Demand Registration,
in good faith, advises the Company, the Demanding Holders and the Demand Requesting Holders (if any) in writing that the dollar amount
or number of Registrable Securities that the Demanding Holders and the Demand Requesting Holders (if any) desire to sell, taken together
with all other Common Stock or other equity securities that the Company desires to sell and the Common Stock, if any, as to which a Registration
has been requested pursuant to separate written contractual piggy-back registration rights held by any other stockholders who desire to
sell, exceeds the maximum dollar amount or maximum number of equity securities that can be sold in the Underwritten 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 such securities, as applicable, the “Maximum Number of Securities”), then the Company
shall include in such Underwritten Offering, as follows: (i) first, the Registrable Securities of the Demanding Holders and the Demand
Requesting Holders (if any) (pro rata based on the respective number of Registrable Securities that each Demanding Holder and Demand Requesting
Holder (if any) has requested be included in such Underwritten Registration and the aggregate number of Registrable Securities that the
Demanding Holders and Demand Requesting Holders have requested be included in such Underwritten Registration) that can be sold without
exceeding the Maximum Number of Securities; (ii) second, to the extent that the Maximum Number of Securities has not been reached
under the foregoing clause (i), Common Stock or other equity securities that the Company desires to sell, which can be sold without exceeding
the Maximum Number of Securities; and (iii) third, to the extent that the Maximum Number of Securities has not been reached under
the foregoing clauses (i) and (ii), Common Stock or other equity securities of other persons or entities that the Company is obligated
to register in a Registration pursuant to separate written contractual arrangements with such persons and that can be sold without exceeding
the Maximum Number of Securities.

 

2.1.5           Demand
Registration Withdrawal.  A majority-in-interest of the Demanding New Holders, in the case of a Registration under subsection
2.1.1 initiated by the New Holders, or a majority-in-interest of the Demand Requesting Holders (if any), pursuant to a Registration
under subsection 2.2.1, shall have the right to withdraw from a Registration pursuant to such Demand Registration
for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of their intention
to withdraw from such Registration prior to the effectiveness of the Registration Statement filed with the Commission with respect to
the Registration of their Registrable Securities pursuant to such Demand Registration.  If a majority-in-interest of the Demanding
Holders initiating a Demand Registration or a majority-in-interest of the Demand Requesting Holders (if any), withdraws from a proposed
offering pursuant to this Section 2.1.5, then such registration shall not count as a Demand Registration provided for
in Section 2.1. Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the
Registration Expenses incurred in connection with a Registration pursuant to a Demand Registration prior to its withdrawal under this subsection
2.1.5.

 

Section 2.2      Piggyback
Registration.

 

2.2.1           Piggyback
Rights.  If, at any time on or after the date hereof, the Company proposes to file a Registration Statement under the
Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable for,
or convertible into equity securities, for its own account or for the account of stockholders of the Company (or by the Company and
by the stockholders of the Company including, without limitation, pursuant to Section 2.1 hereof), 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 securities solely to the Company’s existing stockholders, (iii) for an offering of debt that is
convertible into equity securities of the Company, (iv) for a dividend reinvestment plan, (v) on Form S-4 filed in connection
with the Business Combination or (vi) filed pursuant to Section 2.3 hereof, then the Company shall give written notice of
such proposed filing to all of the Holders of Registrable Securities then outstanding as soon as practicable but not less than ten
(10) days before the anticipated filing date of such Registration Statement, which notice shall (A) describe the amount
and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed
managing Underwriter or Underwriters, if any, in such offering, and (B) offer to all of the Holders of Registrable Securities
the opportunity to register the sale of such number of Registrable Securities as such Holders may request in writing within five
(5) days after receipt of such written notice (such Registration a “Piggyback Registration”).  The
Company shall, in good faith, cause such Registrable Securities to be included in such Piggyback Registration and shall use its best
efforts to cause the managing Underwriter or Underwriters of a proposed Underwritten Offering to permit the Registrable Securities
requested by the Holders pursuant to this Subsection 2.2.1 to be included in a Piggyback Registration on the same terms
and conditions as any similar securities of the Company included in such Registration and to permit the sale or other disposition of
such Registrable Securities in accordance with the intended method(s) of distribution thereof.  All such Holders proposing
to distribute their Registrable Securities through an Underwritten Offering under this Subsection 2.2.1 shall enter into
an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the Company.

 

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2.2.2           Reduction
of Piggyback Registration.  If the managing Underwriter or Underwriters in an Underwritten Registration that is to be a Piggyback
Registration, in good faith, advises the Company and the Holders of Registrable Securities participating in the Piggyback Registration
in writing that the dollar amount or number of shares of Common Stock that the Company desires to sell, taken together with (i) the
shares of Common Stock, if any, as to which Registration has been demanded pursuant to separate written contractual arrangements with
persons or entities other than the Holders of Registrable Securities hereunder, (ii) the Registrable Securities as to which registration
has been requested pursuant to Section 2.2 hereof, and (iii) the shares of Common Stock, if any, as to which
Registration has been requested pursuant to separate written contractual piggy-back registration rights of other stockholders of the Company,
exceeds the Maximum Number of Securities, then:

 

(i)       If
the Registration is undertaken for the Company’s account, the Company shall include in any such Registration (A) first, Common
Stock or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities;
(B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable
Securities of Holders exercising their rights to register their Registrable Securities pursuant to Subsection 2.2.1 hereof,
pro rata, based on the respective number of Registrable Securities that each Holder has so requested, which can be sold without exceeding
the Maximum Number of Securities; and (C) third, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clauses (A) and (B), Common Stock, if any, as to which Registration has been requested pursuant to written contractual
piggy-back registration rights of other stockholders of the Company, which can be sold without exceeding the Maximum Number of Securities;
and

 

(ii)       If
the Registration is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the Company shall
include in any such Registration (A) first, Common Stock or other equity securities, if any, of such requesting persons or entities,
other than the Holders of Registrable Securities, which can be sold without exceeding the Maximum Number of Securities; (B) second,
to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable Securities of
Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.2.1, pro rata based
on the respective number of Registrable Securities that each Holder has requested be included in such Underwritten Registration and the
aggregate number of Registrable Securities that the Holders have requested to be included in such Underwritten Registration, which can
be sold without exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum Number of Securities has not
been reached under the foregoing clauses (A) and (B), Common Stock or other equity securities that the Company desires to sell, which
can be sold without exceeding the Maximum Number of Securities; and (D) fourth, to the extent that the Maximum Number of Securities
has not been reached under the foregoing clauses (A), (B) and (C), Common Stock or other equity securities for the account of other
persons or entities that the Company is obligated to register pursuant to separate written contractual arrangements with such persons
or entities, which can be sold without exceeding the Maximum Number of Securities.

   

2.2.3           Piggyback
Registration Withdrawal.  Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback
Registration for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any)
of his, her or its intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement
filed with the Commission with respect to such Piggyback Registration.  The Company (whether on its own good faith
determination or as the result of a request for withdrawal by persons pursuant to separate written contractual obligations) may
withdraw a Registration Statement filed with the Commission in connection with a Piggyback Registration at any time prior to the
effectiveness of such Registration Statement.  Notwithstanding anything to the contrary in this Agreement, the Company shall be
responsible for the Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under
this subsection 2.2.3.

 

2.2.4           Unlimited
Piggyback Registration Rights.  For purposes of clarity, any Registration effected pursuant to Section 2.2 hereof
shall not be counted as a Registration pursuant to a Demand Registration effected under Section 2.1 hereof.

 

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Section 2.3      Resale
Shelf Registration Rights

 

2.3.1           Registration
Statement Covering Resale of Registrable Securities. The Company shall prepare and file or cause to be prepared and filed with the
Commission, no later than the later of (i) thirty (30) calendar days following the closing of the Business Combination and (ii) twenty
(20) Business Days following the closing of the Business Combination, a Registration Statement for an offering to be made on a delayed
or continuous basis pursuant to Rule 415 of the Securities Act or any successor thereto registering the resale from time to time
by Holders of all of the Registrable Securities held by Holders (the “Resale Shelf Registration Statement”). The Resale
Shelf Registration Statement shall be on Form S-1. The Company shall use commercially reasonable
efforts to cause the Resale Shelf Registration Statement to be declared effective as soon as practicable after filing, but no later than
the earlier of (i) the 60th calendar day (or 120th calendar day if the Commission notifies the Company that it will “review”
the Registration Statement) following the closing of the Business Combination and (ii) the tenth Business Day after the date the Company
is notified (orally or in writing, whichever is earlier) by the Commission that the Resale Shelf Registration Statement will not be “reviewed”
or will not be subject to further review (such earlier date, the “Effectiveness Deadline”). Once effective, the Company
shall use commercially reasonable efforts to keep the Resale Shelf Registration Statement continuously effective and to be supplemented
and amended to the extent necessary to ensure that such Registration Statement is available or, if not available, to ensure that another
Registration Statement is available, under the Securities Act at all times until all Registrable Securities and other securities covered
by such Registration Statement have been disposed of in accordance with the intended method(s) of distribution set forth in such
Registration Statement or have ceased to be Registrable Securities. The Registration Statement filed with the Commission pursuant to this subsection
2.3.1 shall contain a prospectus in such form as to permit any Holder to sell such Registrable Securities pursuant to Rule 415
under the Securities Act (or any successor or similar provision adopted by the Commission then in effect) at any time beginning on the
effective date for such Registration Statement (subject to the restrictions provided in the Sponsor Restricted Stock Agreement and the
Lock-up Agreement between the Company and the relevant Holders, each being entered into as of the date hereof), and shall provide that
such Registrable Securities may be sold pursuant to any method or combination of methods legally available to, and requested by, the Holders.
Promptly following the date upon which the Company becomes eligible to use a Registration Statement on Form S-3, the Company shall file
a post-effective amendment on Form S-3 to the Resale Shelf Registration Statement (an “S-3 Conversion”).

 

2.3.2           Notification
and Distribution of Materials. The Company shall notify the Holders in writing of the effectiveness of the Resale Shelf Registration
Statement as soon as practicable, and in any event within one (1) Business Day after the Resale Shelf Registration Statement becomes
effective, and shall furnish to them, without charge, such number of copies of the Resale Shelf Registration Statement (including any
amendments, supplements and exhibits), the Prospectus contained therein (including each preliminary prospectus and all related amendments
and supplements) and any documents incorporated by reference in the Resale Shelf Registration Statement or such other documents as the
Holders may reasonably request in order to facilitate the sale of the Registrable Securities in the manner described in the Resale Shelf
Registration Statement.

 

2.3.3           Amendments
and Supplements. Subject to the provisions of Section 2.3.1 above, the Company shall promptly prepare and file with
the Commission from time to time such amendments and supplements to the Resale Shelf Registration Statement and Prospectus used in
connection therewith as may be necessary to keep the Resale Shelf Registration Statement effective and to comply with the provisions
of the Securities Act with respect to the disposition of all the Registrable Securities. If any Resale Shelf Registration Statement
filed pursuant to Section 2.3.1 is filed on Form S-3 and thereafter the Company becomes ineligible to use
Form S-3 for secondary sales, the Company shall promptly notify the Holders of such ineligibility and use its best efforts to
file a shelf registration on an appropriate form as promptly as practicable to replace the shelf registration statement on
Form S-3 and have the such replacement Resale Shelf Registration Statement declared effective as promptly as practicable and to
cause such replacement Resale Shelf Registration Statement to remain effective, and to be supplemented and amended to the extent
necessary to ensure that such Resale Shelf Registration Statement is available or, if not available, that another Resale Shelf
Registration Statement is available, for the resale of all the Registrable Securities held by the Holders until all such Registrable
Securities have ceased to be Registrable Securities; provided, however, that at any time the Company once again becomes eligible to
use Form S-3, the Company shall cause such replacement Resale Shelf Registration Statement to be amended, or shall file a new
replacement Resale Shelf Registration Statement, such that the Resale Shelf Registration Statement is once again on
Form S-3.

 

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2.3.4           Notwithstanding
the registration obligations set forth in this Section 2.3, in the event the Commission informs the Company that all of the
Registrable Securities cannot, as a result of the application of Rule 415, be registered for resale as a secondary offering on a
single registration statement, the Company agrees to promptly (i) inform each of the holders thereof and use its reasonable efforts
to file amendments to the Resale Shelf Registration Statement as required by the Commission and/or (ii) withdraw the Resale Shelf
Registration Statement and file a new registration statement (a “New Registration Statement”), on Form S-3, or
if Form S-3 is not then available to the Company for such registration statement, on such other form available to register for resale
the Registrable Securities as a secondary offering; provided, however, that prior to filing such amendment or New Registration Statement,
the Company shall use its reasonable efforts to advocate with the Commission for the registration of all of the Registrable Securities
in accordance with any publicly-available written or oral guidance, comments, requirements or requests of the Commission staff (the “SEC
Guidance”), including without limitation, the Manual of Publicly Available Telephone Interpretations D.29. Notwithstanding any
other provision of this Agreement, if any SEC Guidance sets forth a limitation of the number of Registrable Securities permitted to be
registered on a particular Registration Statement as a secondary offering (and notwithstanding that the Company used diligent efforts
to advocate with the Commission for the registration of all or a greater number of Registrable Securities), unless otherwise directed
in writing by a Holder as to its Registrable Securities, the number of Registrable Securities to be registered on such Registration Statement
will be reduced in order to include first, the number of shares of Common Stock included in the Resale Shelf Registration Statement that
are held by PIPE Investors (as defined in the Business Combination Agreement), and second, the Registrable Securities under this Agreement,
on a pro rata basis based on the total number of Registrable Securities held by the Holders, subject to a determination by the Commission
that certain Holders must be reduced first based on the number of Registrable Securities held by such Holders. In the event the Company
amends the Resale Shelf Registration Statement or files a New Registration Statement, as the case may be, under clauses (i) or (ii) above,
the Company will use its reasonable efforts to file with the Commission, as promptly as allowed by Commission or SEC Guidance provided
to the Company or to registrants of securities in general, one or more registration statements on Form S-3 or such other form available
to register for resale those Registrable Securities that were not registered for resale on the Resale Shelf Registration Statement, as
amended, or the New Registration Statement.

 

2.3.5           Registrations
effected pursuant to this Section 2.3 shall not be counted as Demand Registrations effected pursuant to Section 2.2.

 

Section 2.4      Restrictions
on Registration Rights. If (A) during the period starting with the date sixty (60) days prior to the Company’s good
faith estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of, a Company
initiated Registration and provided that the Company continues to actively employ, in good faith, all reasonable efforts to cause the
applicable Registration Statement to become effective; (B) the Holders have requested an Underwritten Registration and the Company
and the Holders are unable to obtain the commitment of underwriters to firmly underwrite the offer; or (C) in the good faith judgment
of the Board such Registration would be materially detrimental to the Company and the Board concludes as a result that it is essential
to defer the filing of such Registration Statement at such time, then in each case the Company shall furnish to such Holders a certificate
signed by the Chairman of the Board stating that in the good faith judgment of the Board it would be materially detrimental to the Company
for such Registration Statement to be filed in the near future and that it is therefore essential to defer the filing of such Registration
Statement.  In such event, the Company shall have the right to defer a filing pursuant to Section 2.1 for the shortest period of
time determined in good faith by the Company to be necessary for such purpose, but in any event no longer than a period of more than thirty
(30) days.

 

    8

     

    

 

ARTICLE III

COMPANY PROCEDURES

 

Section 3.1      General
Procedures. If at any time on or after the Effective Time the Company is required to effect the Registration of Registrable Securities,
the Company shall use its best efforts to effect such Registration to permit the sale of such Registrable Securities in accordance with
the intended plan of distribution thereof, and pursuant thereto the Company shall, as expeditiously as possible:

 

3.1.1           prepare
and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use its reasonable
efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities covered by such
Registration Statement have been sold;

 

3.1.2           prepare
and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements to the
Prospectus, as may be reasonably requested by the Holders or any Underwriter of Registrable Securities or as may be required by the rules,
regulations or instructions applicable to the registration form used by the Company or by the Securities Act or rules and regulations
thereunder to keep the Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold
in accordance with the intended plan of distribution set forth in such Registration Statement or supplement to the Prospectus;

 

3.1.3           prior
to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriters,
if any, and the Holders of Registrable Securities included in such Registration, and such Holders’ legal counsel, copies of such
Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all
exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement (including each
preliminary Prospectus), and such other documents as the Underwriters and the Holders of Registrable Securities included in such Registration
or the legal counsel for any such Holders may request in order to facilitate the disposition of the Registrable Securities owned by such
Holders;

 

3.1.4           prior
to any public offering of Registrable Securities, use its reasonable efforts to (i) register or qualify the Registrable Securities
covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United States
as the Holders of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution) may
request and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered
with or approved by such other governmental authorities as may be necessary by virtue of the business and operations of the Company and
do any and all other acts and things that may be necessary or advisable to enable the Holders of Registrable Securities included in such
Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however,
that the Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required
to qualify or take any action to which it would be subject to general service of process or taxation in any such jurisdiction where it
is not then otherwise so subject;

 

3.1.5           cause
all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar securities issued
by the Company are then listed;

 

3.1.6           provide
a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective date of
such Registration Statement;

 

3.1.7           advise
each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any
stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding
for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order or to obtain its withdrawal if
such stop order should be issued;

 

3.1.8           advise
each Holder of Registrable Securities covered by such Registration Statement, promptly after the Company receives notice thereof, of the
time when such registration statement has been declared effective or a supplement to any Prospectus forming a part of such registration
statement has been filed;

 

    9

     

    

 

3.1.9           at
least five (5) days prior to the filing of any Registration Statement or Prospectus, furnish a copy thereof to counsel for the sellers
of such Registrable Securities;

 

3.1.10         notify
the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities Act,
of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes
a Misstatement, and then to correct such Misstatement as set forth in Section 3.4 hereof;

 

3.1.11         permit
a representative of the Holders, the Underwriters, if any, and any attorney or accountant retained by such Holders or Underwriter to participate,
at each such person’s own expense, in the preparation of the Registration Statement, and cause the Company’s officers, directors
and employees to supply all information reasonably requested by any such representative, Underwriter, attorney or accountant in connection
with the Registration; provided, however, that such representatives or Underwriters enter into a confidentiality
agreement, in form and substance reasonably satisfactory to the Company, prior to the release or disclosure of any such information;

 

3.1.12         obtain
a “cold comfort” letter from the Company’s independent registered public accountants in the event of an Underwritten
Registration, in customary form and covering such matters of the type customarily covered by “cold comfort” letters as the
managing Underwriter may reasonably request, and reasonably satisfactory to such managing Underwriter;

 

3.1.13         on
the date the Registrable Securities are delivered for sale pursuant to an Underwritten Registration, obtain an opinion and negative assurance
letter, each dated such date, of counsel representing the Company for the purposes of such Underwritten Registration, addressed to the
Underwriters covering such legal matters with respect to the Underwritten Registration in respect of which such opinion is being given
as the managing Underwriter may reasonably request and as are customarily included in such opinions and negative assurance letters, and
reasonably satisfactory to such managing Underwriter;

  

3.1.14         in
the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing Underwriter of such offering;

 

3.1.15         make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12)
months beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration Statement
which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule promulgated
thereafter by the Commission);

 

3.1.16         if
the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $100,000,000, use its reasonable
efforts to make available senior executives of the Company to participate in customary “road show” presentations that may
be reasonably requested by the Underwriter in any Underwritten Offering; and

 

3.1.17         otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Holders, in connection
with such Registration.

 

Section 3.2      Registration
Expenses. The Registration Expenses of all Registrations shall be borne by the Company.  It is acknowledged by the Holders that
the Holders shall bear all incremental selling expenses relating to the sale of Registrable Securities, such as Underwriters’ commissions
and discounts, brokerage fees, Underwriter marketing costs and, other than as set forth in the definition of “Registration
Expenses,” all reasonable fees and expenses of one legal counsel representing the Holders not to exceed $50,000 per Registration.

 

Section 3.3      Requirements
for Participation in Underwritten Offerings.  No person may participate in any Underwritten Offering for equity securities of
the Company pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell such person’s
securities on the basis provided in any underwriting arrangements approved by the Company and (ii) completes and executes all customary
questionnaires, powers of attorney, indemnities, lock-up agreements, underwriting agreements and other customary documents as may be reasonably
required under the terms of such underwriting arrangements.

 

    10

     

    

 

Section 3.4      Suspension
of Sales.  Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement,
each of the Holders shall forthwith discontinue disposition of Registrable Securities until he, she or it has received copies of a supplemented
or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement
or amendment as soon as practicable after the time of such notice), or until he, she or it is advised in writing by the Company that the
use of the Prospectus may be resumed. Notwithstanding anything to the contrary in this Agreement, the Company shall be entitled to
delay or postpone the filing or effectiveness of a Registration Statement, and from time to time to require the Holders not to sell under
a Registration Statement or to suspend the effectiveness thereof, if the negotiation or consummation of a transaction by the Company or
its subsidiaries is pending or an event has occurred, which negotiation, consummation or event the Board reasonably believes would require
additional disclosure by the Company in the Registration Statement of material information that the Company has a bona fide business purpose
for keeping confidential and the non-disclosure of which in the Registration Statement would be expected, in the reasonable determination
of the Board to cause the Registration Statement to fail to comply with applicable disclosure requirements (each such circumstance, a
 “Suspension Event”); provided, however, that the Company may not delay or suspend a Registration Statement
for the shortest period of time, but in no event more than sixty (60) days, determined in good faith by the Company to be necessary for
such purpose. Upon receipt of any written notice from the Company of the happening of any Suspension Event during the period that a Registration
Statement is effective or if as a result of a Suspension Event a Registration Statement or related prospectus contains any Misstatement,
the Holders agree that (i) they will immediately discontinue offers and sales of the Shares under such Registration Statement (excluding,
for the avoidance of doubt, sales conducted pursuant to Rule 144) until the Holders receive copies of a supplemental or amended prospectus
(which the Company agrees to promptly prepare) that corrects the Misstatements referred to above and receives notice that any post-effective
amendment has become effective or unless otherwise notified by the Company that it may resume such offers and sales, and (ii) they will
maintain the confidentiality of any information included in such written notice delivered by the Company unless otherwise required by
law or subpoena. If so directed by the Company, the Holders will deliver to the Company or, in each Holder’s sole discretion destroy,
all copies of the prospectus covering the Shares in such Holder’s possession; provided, however, that this obligation to deliver
or destroy all copies of the prospectus covering the Shares shall not apply (i) to the extent the Holder is required to retain a copy
of such prospectus (a) in order to comply with applicable legal, regulatory, self-regulatory or professional requirements or (b) in accordance
with a bona fide pre-existing document retention policy or (ii) to copies stored electronically on archival servers as a result of automatic
data back-up.

  

Section 3.5      Reporting
Obligations.  As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting
company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace
period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of
the Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings.  The Company further covenants
that it shall take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such
Holder to sell shares of Common Stock held by such Holder without registration under the Securities Act within the limitation of the exemptions
provided by Rule 144 promulgated under the Securities Act (or any successor rule promulgated thereafter by the Commission),
including providing any legal opinions.  Upon the request of any Holder, the Company shall deliver to such Holder a written certification
of a duly authorized officer as to whether it has complied with such requirements.

 

Section 3.6      Limitations
on Registration Rights. From and after the date of this Agreement, other than the registration rights granted in subscription agreements
with the PIPE Investors (as defined in the Business Combination Agreement), the Company shall not, without the prior written consent of
holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of
any securities of the Company that would provide to such holder registration rights on a basis more favorable than the registration rights
granted to the Holders herein.

 

    11

     

    

 

ARTICLE IV

INDEMNIFICATION AND CONTRIBUTION

 

Section 4.1      Indemnification

 

4.1.1           The
Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers and directors and agents
and each person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities and
expenses (including reasonable attorneys’ fees) caused by any actual or alleged Misstatement, except insofar as the same are caused
by or contained in any information furnished in writing to the Company by such Holder expressly for use therein. 

 

4.1.2           In
connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish to
the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such Registration
Statement or Prospectus and, to the extent permitted by law, shall indemnify the Company, its directors and officers and agents and each
person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses
(including without limitation reasonable attorneys’ fees) resulting from any actual or alleged Misstatement, but only to the extent
that such actual or alleged Misstatement is made in reliance on and in conformity with any information or affidavit so furnished in writing
by or on behalf of such Holder expressly for use therein; provided, however, that the obligation to indemnify
shall be several, not joint and several, among such Holders of Registrable Securities, and the liability of each such Holder of Registrable
Securities shall be in proportion to and limited to the net proceeds received by such Holder from the sale of Registrable Securities pursuant
to such Registration Statement.

 

4.1.3           Any
person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s right to indemnification
hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless in such indemnified party’s
reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit
such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party.  If such
defense is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without
its consent (but such consent shall not be unreasonably withheld).  An indemnifying party who is not entitled to, or elects not to,
assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified
by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest
may exist between such indemnified party and any other of such indemnified parties with respect to such claim.  No indemnifying party
shall, without the consent of the indemnified party, not to be unreasonably withheld or delayed, consent to the entry of any judgment
or enter into any settlement which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying
party pursuant to the terms of such settlement) or which settlement does not include as an unconditional term thereof the giving by the
claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

 

4.1.4           The
indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on
behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive the transfer
of securities.  The Company and each Holder of Registrable Securities participating in an offering also agrees to make such provisions
as are reasonably requested by any indemnified party for contribution to such party in the event the Company’s or such Holder’s
indemnification is unavailable for any reason.

 

4.1.5           If
the indemnification provided under Section 4.1 hereof from the indemnifying party is held by a court of
competent jurisdiction to be unavailable to an indemnified party in respect of any losses, claims, damages, liabilities and expenses
referred to herein, then the indemnifying party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid
or payable by the indemnified party as a result of such losses, claims, damages, liabilities and expenses in such proportion as is
appropriate to reflect the relative fault of the indemnifying party and the indemnified party, as well as any other relevant
equitable considerations.  The relative fault of the indemnifying party and indemnified party shall be determined by reference
to, among other things, whether any action in question, including any actual or alleged Misstatement, was made by, or relates to
information supplied by, such indemnifying party or indemnified party, and the indemnifying party’s and indemnified
party’s relative intent, knowledge, access to information and opportunity to correct or prevent such
action; provided, however, that the liability of any Holder under this subsection
4.1.5 shall be limited to the amount of the net proceeds received by such Holder in such offering giving rise to such
liability.  The amount paid or payable by a party as a result of the losses or other liabilities referred to above shall be
deemed to include, subject to the limitations set forth in subsections
4.1.1, 4.1.2 and 4.1.3 above, any legal or other fees, charges or expenses reasonably incurred
by such party in connection with any investigation or proceeding.  The parties hereto agree that it would not be just and
equitable if contribution pursuant to this subsection 4.1.5 were determined by pro rata allocation or by any other
method of allocation, which does not take account of the equitable considerations referred to in
this subsection 4.1.5.  No person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to
this subsection 4.1.5 from any person who was not guilty of such fraudulent misrepresentation.

 

    12

     

    

 

ARTICLE V

GENERAL PROVISIONS

 

Section 5.1      Entire
Agreement. This Agreement (including Schedule A hereto) constitutes the entire understanding and agreement between
the parties as to the matters covered herein and supersedes and replaces any prior understanding, agreement or statement of intent, in
each case, written or oral, of any and every nature with respect thereto.

 

Section 5.2      Notices.
Any notice or other communication required or permitted to be delivered to any party under this Agreement shall be in writing and shall
be deemed properly delivered, given and received (a) upon receipt when delivered by hand, (b) upon transmission, if sent by
facsimile or electronic transmission (in each case with receipt verified by confirmation from the recipient of such notice or communication),
or (c) one (1) Business Day after being sent by courier or express delivery service, specifying next day delivery, with
proof of receipt. The addresses, email addresses and facsimile numbers for such notices and communications are those set forth on the
signature pages hereof, or such other address, email address or facsimile numbers as may be designated in writing hereafter, in the
same manner, by any such person.

 

Section 5.3      Assignment;
No Third-Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or
delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of the Holders of Registrable Securities
hereunder may be freely assigned or delegated by such Holder of Registrable Securities in conjunction with and to the extent of any transfer
of Registrable Securities by any such Holder. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit
of each of the parties and the permitted assigns of the applicable holder of Registrable Securities or of any assignee of the applicable
holder of Registrable Securities. This Agreement is not intended to confer any rights or benefits on any persons that are not party hereto
other than as expressly set forth in Article 4 and this Section 5.3. No assignment by any party hereto of such
party’s rights, duties and obligations hereunder shall be binding upon or obligate the Company unless and until the Company shall
have received (i) written notice of such assignment and (ii) the written agreement of the assignee, in a form reasonably satisfactory
to the Company, to be bound by the terms and provisions of this Agreement (which may be accomplished by an addendum or certificate of
joinder to this Agreement). Any transfer, assignment or delegation made other than as provided in this Section 5.3 shall be null
and void.

 

Section 5.4      Counterparts. This
Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective
when one or more counterparts have been signed by each of the parties (including by electronic signature covered by the U.S. federal
ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com)
and delivered to the other parties, it being understood that all parties need not sign the same counterpart and such counterparts may
be delivered by the parties hereto via facsimile or electronic transmission.

 

Section 5.5      Amendment;
Waiver. This Agreement may be amended or modified, and any provision hereof may be waived, in whole or in part, at any time pursuant
to an agreement in writing executed by (i) the Company, (ii) holders of a majority of the Registrable Securities held by the Original
Holders at such time, and (iii) holders of a majority of the Registrable Securities held by the New Holders at such time; provided, however,
that notwithstanding the foregoing, any amendment hereto or waiver hereof that materially and adversely affects one Holder, solely in
his, her or its capacity as a holder of the shares of capital stock of the Company, in a manner that is materially different from the
other Holders (in such capacity) shall require the consent of the Holder so affected.

 

    13

     

    

 

Section 5.6      Severability.
In the event that any provision of this Agreement or the application thereof becomes or is declared by a court of competent jurisdiction
to be illegal, void or unenforceable, the remainder of this Agreement will continue in full force and effect and the application of such
provision to other persons or circumstances will be interpreted so as reasonably to effect the intent of the parties hereto.

  

Section 5.7      Governing
Law; Venue. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to
contracts executed in and to be performed in that State. All legal actions and proceedings arising out of or relating to this Agreement
shall be heard and determined exclusively in any Delaware Chancery Court; provided, that if jurisdiction is not then available in the
Delaware Chancery Court, then any such legal action may be brought in any federal court located in the State of Delaware or any other
Delaware state court. The parties hereto hereby (a) irrevocably submit to the exclusive jurisdiction of the aforesaid courts for
themselves and with respect to their respective properties for the purpose of any action arising out of or relating to this Agreement
brought by any party hereto, and (b) agree not to commence any action relating thereto except in the courts described above in Delaware,
other than actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in Delaware
as described herein. Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process
and the parties further waive any argument that such service is insufficient. Each of the parties hereby irrevocably and unconditionally
waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action arising out of or relating
to this Agreement or the transactions contemplated hereby, (a) any claim that it is not personally subject to the jurisdiction of
the courts in Delaware as described herein for any reason, (b) that it or its property is exempt or immune from jurisdiction of any
such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment
in aid of execution of judgment, execution of judgment or otherwise) and (c) that (i) the action in any such court is brought
in an inconvenient forum, (ii) the venue of such action is improper or (iii) this Agreement, or the subject matter hereof, may
not be enforced in or by such courts.

 

Section 5.8      Specific
Performance. Each party acknowledges and agrees that the other parties hereto would be irreparably harmed and would not have any adequate
remedy at law in the event that any of the provisions of this Agreement were not performed by such first party in accordance with their
specific terms or were otherwise breached by such first party. Accordingly, each party agrees that the other parties hereto shall be entitled
to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement,
this being in addition to any other remedy to which such parties are entitled at law or in equity.

 

Section 5.9      Term.
This Agreement shall terminate upon the earlier of (i) the fifth (5th) anniversary of the date of this Agreement and (ii) with
respect to any Holder, the date as of which such Holder ceases to hold any Registrable Securities. The provisions of Article 4
shall survive any termination.

 

[Signature Pages Follow]

 

    14

     

    

 

 

IN WITNESS WHEREOF, each of the parties has executed
this Agreement as of the date first written above.

 

	 	COMPANY:
	 	 	 
	 	NOVUS CAPITAL CORPORATION
    II
	 	 	 
	 	By:	/s/ Robert J. Laikin
	 	Name: 	Robert J. Laikin 
	 	Title: 	Chief Executive Officer 

 

     

     

    

 

IN WITNESS WHEREOF, each of the parties has executed
this Agreement as of the date first written above.

 

SCHEDULE A

 

	ORIGINAL HOLDERS:	 
	 	 	 
	/s/ Ronald J. Sznaider	 
	Ronald J. Sznaider	 
	 	 	 
	HEATHER GOODMAN AND DOUG RAETZ, TENANTS IN COMMON	 
	 	 	 
	/s/ Heather Goodman	 
	Heather Goodman	 
	 	 	 
	/s/ Doug Raetz	 
	Doug Raetz	 
	 	 	 
	V DONARGO LLC	 
	 	 	 
	By:	/s/ Vincent Donargo	 
	Name: Vincent Donargo

                    Title:   Chief Financial Officer
                     
	 
	 	 	 
	NCCII CO-INVEST LLC	 
	 	 
	By:	/s/ Owen Littman	 
	Name: Owen Littman

                    Title:   Authorized Person
	 
	 	 
	LARRY M PAULSON AND GRETCHEN V PAULSON FAMILY TRUST DATED SEPT 4, 2019, AND ANY
    AMENDMENTS THERETO  	 
	 	 	 
	By:	/s/ Larry Paulson	 
	Name: Larry Paulson	 
	Title: Chairman	 

 

     

     

    

 

	NEW FRONTIER LLC	 
	 	 	 
	By:	/s/ Jeffrey Foster	 
	Name: Jeffrey Foster	 
	Title:   Trustee	 
	 	 	 
	/s/ Robert J. Laikin	 
	Robert J. Laikin    	 
	 	 	 
	/s/ Cooper Laikin	 
	Cooper Laikin	 
	 	 	 
	/s/ Hanna Laikin	 
	Hanna Laikin	 
	 	 	 
	/s/ Zak Laikin	 
	Zak Laikin  	 
	 	 	 
	KNC I LLC    	 
	 	 	 
	By:	/s/ Hersch Klaff	 
	Name: Hersch Klaff	 
	Title:   Manager	 
	 	 	 
	KNC II LLC	 
	 	 	 
	By:	/s/ Hersch Klaff	 
	Name: Hersch Klaff	 
	Title:   Manager	 
	 	 	 
	NOVUS CAPITAL ASSOCIATES, LLC	 
	 	 	 
	By:	/s/ Robert J.
    Laikin	 
	Name: Robert J. Laikin	 
	Title:   Manager	 
	 	 	 
	CLIFF VENTURES LLC	 
	 	 
	By:	/s/ Ryan Levy	 
	Name: Ryan Levy	 
	Title:   Authorized Signatory	 

 

     

     

    

 

NEW HOLDERS: 

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	SoftBank
    Vision Fund (AIV M2) L.P. acting by its manager, SB Investment Advisers (UK) Limited
	 	 
	 	By:	 /s/ Saleh Romeih
	 	Name:	 Saleh Romeih
	 	Title: 	Managing Partner
	 	 
	 	Notice
    Address:
	 	 
	 	SoftBank
    Vision Fund (AIV M2) L.P. acting by its manager, SB Investment Advisers (UK) Limited
	 	 
	 	Attention:
    Mr Brian Wheeler
	 	1
    Circle Star Way
	 	San
    Carlos
	 	CA
    94070 USA
	 	 
	 	Email:
    legal@softbank.com

 

SIGNATURE
PAGE TO A&R REGISTRATION
RIGHTS AGREEMENT

FOR
NOVUS CAPITAL CORPORATION
II

 

    

     

    

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	HSI
    Puma LLC
	 	 
	 	By:
    Helena Special Investments LLC,
	 	a
    Managing Member
	 	 
	 	By:	 /s/ Samuel Feinburg
	 	Name:
    Samuel Feinburg
	 	Title:
    Chief Operating Officer
	 	 
	 	Address:
	 	 
	 	One
    Rockefeller Plaza, Suite 2801
	 	New
    York, NY 10020
	 	sam@helena.org
	 	matt@helena.co

 

SIGNATURE
PAGE TO A&R REGISTRATION
RIGHTS AGREEMENT

FOR
NOVUS CAPITAL CORPORATION
II

 

    

     

    

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	HSI
    ENERGY VAULT I LLC
	 	 
	 	By:
    Helena Special Investments LLC,
	 	a
    Managing Member
	 	 
	 	By:	 /s/ Samuel Feinburg
	 	Name:
    Samuel Feinburg
	 	Title:
    Chief Operating Officer
	 	 
	 	Address:
	 	One
    Rockefeller Plaza, Suite 2801
	 	New
    York, NY 10020
	 	sam@helena.org
	 	matt@helena.co

 

SIGNATURE
PAGE TO A&R REGISTRATION
RIGHTS AGREEMENT

FOR
NOVUS CAPITAL CORPORATION
II

 

    

     

    

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	HSI
    EV BRASIL LLC
	 	 
	 	By:	/s/
    Samuel Feinburg
	 	Name:	Samuel
    Feinburg
	 	Title:	Executive
    Director
	 	 
	 	Address:
	 	 
	 	515
    S Flower St, Ste #5100
	 	Los
    Angeles, CA
	 	 
	 	Email:
	 	sam@helena.org

 

SIGNATURE
PAGE TO A&R REGISTRATION
RIGHTS AGREEMENT

FOR
NOVUS CAPITAL CORPORATION
II

 

    

     

    

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	HSI
    ENERGY VAULT II LLC
	 	 
	 	By:
    Helena Special Investments LLC,
	 	a
    Managing Member
	 	 
	 	By:	/s/
    Samuel Feinburg
	 	Name:
    Samuel Feinburg
	 	Title:
    Chief Operating Officer  

 

SIGNATURE
PAGE TO A&R REGISTRATION
RIGHTS AGREEMENT

FOR
NOVUS CAPITAL CORPORATION
II

 

    

     

    

 

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	IDEALAB STUDIO, LLC

	 	By Idealab GP, LLC, its General Partner

 

	 	By:	/s/ Marcia Goodstein
	 	Name:	Marcia Goodstein
	 	Title:	President and Chief Operating Officer

 

	 	Address:	 130 W. Union Street
	 	 	Pasadena, CA 91103

 

	 	Email: legal@idealab.com  

 

Signature Page to A&R Registration
Rights Agreement

for Novus Capital Corporation II

 

     

     

    

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	EN FUND I, A SERIES OF HELENA SPECIAL 

INVESTMENTS AL VENTURES, LP
	 	By: Fund GP, LLC its General Partner
	 	By: Belltower Fund Group, Ltd. Manager of the General Partner

 

	 	By:	/s/ Brett Sagan
	 	Name:	Brett Sagan
	 	Title:	Authorized Person

 

	 	Address:
	 	PO Box 3217 

  Seattle, WA 98114 

  Phone: (360) 340-9337 

  portfolio@angel.co  

 

Signature Page to A&R Registration
Rights Agreement

for Novus Capital Corporation II

 

     

     

    

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	HELENA ZEPAK EV LLC

 

	 	By:	/s/ Matthew Bash
	 	Name:	Matthew Bash
	 	Title:	 General Manager

 

	 	Address:
	 	One Rockefeller Plaza, Suite 2801 

  New York, NY 10020 

  sam@helena.org 

  matt@helena.co

 

Signature Page to A&R Registration
Rights Agreement

for Novus Capital Corporation II

 

     

     

    

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	PRIME MOVERS GROWTH FUND I LP
	 	By: Prime Movers Growth GP I LLC
	 	Its: General Partner  

 

	 	By: Prime Movers Lab LLC
	 	Its: Managing Member    

 

	 	By:	/s/ Jon Layman
	 	Name:	 Jon Layman
	 	Title:	Authorized Person  

 

	 	With a copy to:

 

	 	Hogan Lovells US LLP
 390 Madison Ave
 New York, NY 10017
 Attn: Michael Kuh        

 

Signature Page to A&R Registration
Rights Agreement

for Novus Capital Corporation II

 

     

     

    

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	Energy Vault PML SPV 1 LP
	 	By: Prime Movers Lab GP II LLC
	 	Its: General Partner      

 

	 	By:	/s/ Jon Layman
	 	Name:	 Jon Layman
	 	Title:	Authorized Person

 

	 	Address:
	 	PO Box 12829 

Jackson WY 83002

 

Signature Page to A&R Registration
Rights Agreement

for Novus Capital Corporation II

 

     

     

    

 

IN WITNESS WHEREOF, each of
the parties has executed this Agreement as of the date first written above.

 

	 	NEOTRIBE VENTURES I, L.P.

 for itself and as nominee for 

NeoTribe Associates I, L.P.

 

	 	By: NeoTribe Partners I, LLC
	 	Its: General Partner    

 

	 	By:	/s/ Krishna Kolluri
	 	Name:	 Krishna Kolluri
	 	Title:	Managing Member    

 

	 	Address: 2744 Sand Hill Rd Suite 150

	 	Menlo Park, CA 94025  

 

	 	Email:kittu@neotribe.vc  

 

Signature Page to A&R Registration
Rights Agreement

for Novus Capital Corporation IIExhibit 10.4

 

          
     , 2022

 

Novus Capital Corporation II

8556 Oakmont Lane

Indianapolis, IN 46260

Re: Lock-Up Agreement

 

Ladies and Gentlemen:

 

This letter (this “Letter Agreement”)
is being delivered to you in accordance with the Business Combination Agreement and Plan of Reorganization (the “BCA”) entered
into by and among Novus Capital Corporation II, a Delaware corporation (the “Company”), NCCII Merger Corp., a Delaware corporation
(“Merger Sub”) and Energy Vault, Inc., a Delaware corporation (“EV”), pursuant to which, among other things, Merger
Sub will be merged with and into EV on the date hereof (the “Merger”), with EV surviving the Merger as a wholly owned subsidiary
of the Company.

 

In order to induce the Company to proceed with
the Merger and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned
(the “Securityholder”) hereby agrees with the Company as follows:

 

1.            Subject
to the exceptions set forth herein, the Securityholder agrees not to, without the prior written consent of the Board of Directors of
the Company, (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise
dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or
decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended (the
 “Exchange Act”), and the rules and regulations of the Securities and Exchange Commission promulgated thereunder, any
shares of Class A Common Stock, par value $0.0001 per share, of the Company (“Common Stock”) held by it immediately
after the effective time of the Merger, any shares of Common Stock issuable upon the exercise of options to purchase shares of
Common Stock held by it immediately after the effective time of the Merger, or any securities convertible into or exercisable or
exchangeable for Common Stock held by it immediately after the effective time of the Merger (the “Lock-up Shares”), (ii)
enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of
ownership of any of the Lock-up Shares, whether any such transaction is to be settled by delivery of such securities, in cash or
otherwise or (iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii) (the actions specified
in clauses (i)-(iii), collectively, “Transfer”) until 365 days after the closing date of the Merger (the “Lock-Up
Period”), subject to the early release provisions set forth in Section 3 below in respect of 50% of the Lock-up Shares; provided,
however, that if any party who enters into a letter agreement relating to the subject matter hereof as contemplated by the BCA
(each, a “Lock-Up Stockholder”) on terms and conditions that are less restrictive than those agreed to herein (or such
terms and conditions are subsequently relaxed including as a result of a modification, waiver or amendment), the less restrictive
terms and conditions in such letter agreement with such Lock-Up Stockholder shall apply to the Securityholder.

 

     

     

    

 

2.             The restrictions set forth
in paragraph 1 shall not apply to:

 

(i)         in
the case of an entity, Transfers (A) to another entity that is an affiliate (as defined in Rule 405 promulgated under the Securities Act
of 1933, as amended) of the undersigned, or to any investment fund or other entity controlling, controlled by, managing or managed by
or under common control with the undersigned or affiliates of the undersigned or who shares a common investment advisor with the undersigned
or (B) as part of a distribution or transfer to direct or indirect members, general partners, limited partners or shareholders of the
undersigned, or each of their employees or officers;

 

(ii)         
in the case of an individual, Transfers by bona fide gift to members of the individual’s immediate family (as defined below) or
to a trust, the beneficiary of which is a member of one of the individual’s immediate family, an affiliate of such person or to
a charitable organization;

 

(iii)          in
the case of an individual, Transfers by virtue of laws of descent and distribution upon death of the individual;

 

(iv)         in
the case of an individual, Transfers by operation of law or pursuant to a court order, such as a qualified domestic relations order, divorce
decree or separation agreement;

 

(v)           in
the case of an individual, Transfers to a partnership, limited liability company or other entity of which the undersigned and/or the immediate
family (as defined below) of the undersigned are the legal and beneficial owner of all of the outstanding equity securities or similar
interests;

 

(vi)         in
the case of an entity that is a trust, Transfers to a beneficiary of the trust or to the estate of a beneficiary of such trust;

 

(vii)        in
the case of an entity, Transfers by virtue of the laws of the state of the entity’s organization and the entity’s organizational
documents upon dissolution of the entity;

 

(viii)       Transfers
of any shares of Common Stock or other securities acquired as part of the Private Placements with PIPE Investors (each as defined in the
BCA) or issued in exchange for, or on conversion or exercise of, any securities issued as part of the Private Placements with PIPE Investors;

 

(ix)          Transfers
of shares of Common Stock or other securities convertible into or exercisable or exchangeable for Common Stock acquired in open market
transactions after the effective time of the Merger

 

     

     

    

 

(x)           the
exercise of stock options or warrants to purchase shares of Common Stock or the vesting of stock awards or restricted stock unit
awards of Common Stock, it being understood that all such shares of Common Stock received by the undersigned upon such exercise,
vesting or transfer will remain subject to the restrictions of this Letter Agreement during the Lock-Up Period, and (x) any related
transfer of shares of Common Stock to the Company in connection therewith (1) deemed to occur upon the “cashless” or
 “net” exercise of such options or warrants or (2) for the purpose of paying the exercise price of such options or
warrants or for paying taxes due as a result of the exercise of such options or warrants, the vesting of such options, warrants or
restricted stock unit awards, or as a result of the vesting of such shares of Common Stock; (y) solely with respect to shares of
Common Stock underlying the restricted stock units set forth on Schedule A hereto, any related sale of shares of Common Stock solely
to cover the tax withholding liability related to such vesting of restricted stock unit awards through a broker in accordance with
the terms of the applicable equity incentive plan or arrangement approved by the Company’s Board of Directors;

 

(xi)         Transfers
to the Company pursuant to any contractual arrangement in effect at the effective time of the Merger that provides for the repurchase
by the Company or forfeiture of Common Stock or other securities convertible into or exercisable or exchangeable for Common Stock in connection
with the termination of the Securityholder’s service to the Company;

 

(xii)         the
entry, by the Securityholder, at any time after the effective time of the Merger, of any trading plan providing for the sale of shares
of Common Stock by the Securityholder, which trading plan meets the requirements of Rule 10b5-1(c) under the Exchange Act (as may be amended
from time to time), provided, however, that such plan does not provide for, or permit, the sale of any shares of Common Stock during the
Lock-Up Period and no public announcement or filing is voluntarily made or required regarding such plan during the Lock-Up Period;

 

(xiii)        transactions
in the event of completion of a liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s
securityholders having the right to exchange their shares of Common Stock for cash, securities or other property;

 

(xiv)        transactions to satisfy
any U.S. federal, state, or local income tax obligations of the Securityholder (or its direct or indirect owners) arising from a change
in the U.S. Internal Revenue Code of 1986, as amended (the “Code”), or the U.S. Treasury Regulations promulgated thereunder
(the “Regulations”) after the date on which the BCA was executed by the parties, and such change prevents the Merger from
qualifying as a “reorganization” pursuant to Section 368 of the Code (and the Merger does not qualify for similar tax-free
treatment pursuant to any successor or other provision of the Code or Regulations taking into account such changes), in each case solely
and to the extent necessary to cover any tax liability as a direct result of the transaction; and

 

(xv)         the creation of any charge, lien, mortgage,
pledge or other security interest or posting as collateral of any Common Stock of the Company in connection with a bona fide loan transaction
provided that the Lock-Up Shares transferred in connection with enforcement of such loan transaction remain subject to the terms of this
letter and any lender transferee agrees in writing to be bound by the restrictions set forth herein.

 

     

     

    

 

provided, however, that
(A) in the case of clauses (i) through (vii) and clause (xiii), these permitted transferees must enter into a written agreement, in
substantially the form of this Letter Agreement (it being understood that any references to “immediate family” in the
agreement executed by such transferee shall expressly refer only to the immediate family of the Securityholder and not to the
immediate family of the transferee), agreeing to be bound by these Transfer restrictions. For purposes of this agreement,
 “immediate family” shall mean a spouse, domestic partner, child (including by adoption), father, mother, brother or
sister of the undersigned, and lineal descendant (including by adoption) of the undersigned or of any of the foregoing persons; and
 “affiliate” shall have the meaning set forth in Rule 405 under the Securities Act of 1933, as amended; and

 

provided, further, that with respect to the Securityholders
which were securityholders of Novus prior to the closing date of the Merger, the Lock-up Shares shall only include those shares of Common
Stock that were purchased or acquired by the Securityholder as part of the initial 6,468,750 founders shares of the Company (after giving
effect to the forfeiture of 718,750 founder shares), 5,166,666 warrants held by the Securityholders (the “Founder Warrants”)
and the shares of Common Stock issuable upon the exercise of the Founder Warrants, the number of which is set forth on the signature page
hereto.

 

3.            With
respect to 50% of the Lock-up Shares (half of which may be Restricted Shares, as defined in the Sponsor Restricted Stock Agreement by
and among the Company, stockholders of the Company identified therein and EV) (the “Early Release Shares”), the Lock-Up Period
shall terminate upon 180 days after the closing date of the Merger. With respect to the shares held by the undersigned that are not Early
Release Shares, the Lock-Up Period shall terminate upon the earlier of (i) 365 days after the closing date of the Merger or (ii) the closing
of a sale, merger, liquidation, or exchange offer transaction after the closing date of the Merger. With respect to the Founder Warrants
and the shares of Common Stock issuable upon exercise of the Founder Warrants, the Lock-Up Period shall terminate 180 days after the closing
date of the Merger.

 

4.             In
furtherance of the foregoing, the Company, and any duly appointed transfer agent for the registration or transfer of the securities described
therein, are hereby authorized to decline to make any transfer of securities if such transfer would constitute a violation or breach of
this Letter Agreement.

 

5.            This
Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and
supersedes all prior understandings, agreements or representations by or among the parties hereto, written or oral, to the extent they
relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended,
modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed
by (i) the undersigned Securityholder, (ii) the Company and (iii) the Novus’s designee to the Board of Directors of the Company
listed on Exhibit H to the BCA or, if such person is not serving as a Director of the Company, Robert J. Laikin or Larry Paulson.

 

6.
            No party hereto may assign either this Letter Agreement or any of its rights, interests or
obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph
shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This
Letter Agreement shall be binding on the Securityholder and each of its respective successors, heirs and assigns and permitted
transferees.

 

     

     

    

 

7.            This
letter shall only be binding upon the undersigned if all individuals who are officers and directors of EV, immediately prior to the effective
time of the merger (the “EV Release Parties”) enter into letters with substantially identical terms and such agreements remain
in full force and effect for the same duration as this letter (or any obligations are released on a pro rata basis as between all signatories
of such letters). In the event that a release is granted to any such EV Release Party, who is a party to a lock-up agreement relating
to the restrictions set forth above, a number of shares of Common Stock held by the undersigned shall be immediately, fully and irrevocably
released in the same manner and on the same terms from any remaining restrictions set forth above on a pro rata basis (calculated based
on the percentage of ownership held by the EV Release Party of capital stock of EV outstanding as of immediately prior to the effective
time of the merger and, for the avoidance of doubt, without regard to shares sold in the Private Placements to the PIPE Investors) and
the Company shall notify the undersigned of any such requested release within two (2) business days of such granted request. Notwithstanding
the foregoing, the provisions of the previous sentence will not apply in the case of any secondary underwritten public offering of shares
of Common Stock (including a secondary underwritten public offering with a primary component).

 

This Letter Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of Delaware, without giving effect to conflicts of law principles that
would result in the application of the substantive laws of another jurisdiction. The parties hereto (i) all agree that any action, proceeding,
claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced in the Delaware Chancery
Court, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection
to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

 

8.            This
Letter Agreement shall terminate upon the earlier to occur of (i) the termination of the Lock-up Period, as provided herein, and (ii)
the termination of the BCA.

 

[Remainder of Page Intentionally Left Blank]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	If stockholder is an individual:
	 	 
	 	Signature:	 
	 	​Print Name:

 

	 	If stockholder is an entity:
	 	Name of Stockholder:
	 	​
	 	Signature:	 
	 	​Name:
	 	​Title:

 

[Signature Page to Lock-Up Agreement]

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