Document:

Exhibit
10.15

 

PRIVATE AND CONFIDENTIAL

 

April 1, 2021

 

Jim Heindlmeyer

545 3rd Street

Brooklyn, NY 11215

By email: jheindlmeyer@gmail.com

 

Re: Amended Offer of Employment

 

Dear Jim,

 

I am pleased to promote you to the position of Chief Financial Officer
of Reservoir Media Management, Inc. (“Reservoir”), effective as of Effective Date (as defined below) reporting to the Chief
Executive Officer of Reservoir. You shall perform the duties which are consistent with your position and as may be reasonably assigned
to you from time to time by the CEO of Reservoir. In addition, you shall serve as the Chief Financial Officer of Reservoir Holdings, Inc.,
and any of its subsidiaries and affiliates, upon request of the Chief Executive Officer without any additional compensation.

 

Your employment commenced on January 24th, 2020
(your “Commencement Date”) and your promotion to the position of Chief Financial Officer will commence on the Effective Date,
subject to your continued employment on such date. Please note that all employees at Reservoir are “at-will.” This means employment
can be terminated with or without “cause” (as defined in the Plan) and with or without notice, at any time at the option of
either Reservoir or yourself. No employee or representative of Reservoir, other than the CEO, has the authority to modify your “at-will”
status or otherwise enter into an agreement for employment for any specified period of time. Any such agreement must be in writing and
signed by the CEO.

 

Compensation Package

 

	Base Salary	
    US $247,200 per annum effective as of April 1, 2021.

     

	Performance Bonuses	
    You are eligible to receive a Performance Bonus for the fiscal
    year ending March 31, 2020 of up to 20% of your Base Salary (any such Performance Bonus shall be prorated from your Commencement Date
    to the end of such fiscal year) provided you are still in the employ of Reservoir at the time of payment of such Performance Bonus. Such
    Performance Bonus will be determined by the CEO in his or her sole and complete discretion based on a combination of criteria including,
    without limitation, achieving company revenue targets and qualitative measures.

     

    Each fiscal year thereafter, you are eligible to receive
    a Performance Bonus of up to 20% of your then current Base Salary provided you are still in the employ of Reservoir at the time of payment
    of any such Performance Bonus, or, should Reservoir terminate your employment without cause, you will be eligible for a pro rata portion
    of such Performance Bonus based on the number of days you were in the employ of Reservoir during such fiscal year up to the date of such
    termination without cause. Performance Bonuses will be determined by the CEO in his or her sole and complete discretion based on a combination
    of criteria including, without limitation, achieving company revenue targets and qualitative measures.

     

    If successfully earned, Performance Bonuses are typically
    paid in the month of May following the end of the respective fiscal year. Notwithstanding anything herein to the contrary, your eligibility
    for such Performance Bonuses will be in the sole discretion of Reservoir.

     

 

     

     

    

 

	Long Term Incentive Plan	You previously  received an award of Reservoir stock options. Such awards are determined by the CEO in his or her sole and complete discretion. Any such award of Reservoir stock options to you will be granted subject to and on a basis consistent with the terms, conditions and overall administration of the governing documents of Reservoir’s Long-Term Incentive Plan (the “Plan”), as such documents may be amended, supplemented or otherwise modified from time to time.

 

Benefits

 

	Health Plan	
    You shall be entitled to participate on a level commensurate
    with other employees of Reservoir in any group health benefit plans and programs as may be offered by Reservoir on a company-wide basis
    to its employees from time to time, subject to and on a basis consistent with the terms, conditions and overall administration of such
    plans and programs.

     

	401(k) Plan	
    You shall be entitled to participate on a level commensurate
    with other employees of Reservoir of similar level of seniority in Reservoir’s 401(k) plan, subject to and on a basis consistent
    with the terms, conditions and overall administration of such 401(k) plan.

     

	ADP Transit Benefits	
    You shall be entitled to participate on a level commensurate
    with other employees of Reservoir in the ADP Transit program. This program offers commuters the ability to use pre-tax deductions to pay
    for their commute thus reducing their taxable income.

     

	
    Reservoir shall retain the unilateral right to implement,
    amend, modify, or terminate any of the employee benefit plans or programs described above at any time without your consent (subject to
    applicable law).

     

     

     

    

 

	Vacation/Time Off	
    Reservoir’s vacation year runs from January 1st to
    December 31st of each year. You shall initially be entitled to twenty (20) days of paid vacation per calendar year, and such vacation
    entitlement for the remainder of calendar year 2020 shall be prorated from your Commencement Date to December 31, 2020.

     

    In addition to vacation days, all employees at Reservoir
    have six (6) sick-days per calendar year. Vacation time and sick days do not roll over from year to year, except with written authorization
    from Reservoir. Should you decide to terminate your employment with Reservoir, or should Reservoir terminate your employment without cause,
    vacation time accrued during the year of termination and remaining unused at the date of termination shall be paid to you with your final
    paycheck. No accrued and unused vacation time will be paid to you in the event of your termination for cause.

     

    All such paid time-off entitlement is granted subject to
    and on a basis consistent with the terms and conditions and overall administration of Reservoir’s paid time off policies.

     

	Business Expenses	
    You shall be reimbursed monthly for any reasonable out-of-pocket
    business expenses subject to presentation of proper documentation and in accordance with Reservoir’s expense reimbursement policy.

     

	Business Travel	
    You may be required to travel periodically to Reservoir’s
    other offices. Any such travel will be organized and taken at the discretion of Reservoir’s COO, and in accordance with Reservoir’s
    travel policy.

     

    

	Withholding	
    Reservoir shall be entitled to withhold from any amounts
    payable under this Agreement any federal, state, local and foreign withholding and other taxes and charges that Reservoir is required
    to withhold.

     

Non-Disparagement

 

Neither you, nor Reservoir, shall, during your employment with Reservoir
or thereafter, disparage or otherwise make any statement, or encourage others to do so, which might adversely affect the business or reputation
of the other party, and/or its officers, employees, agents, and directors, irrespective of the truthfulness or falsity of such statement.
The foregoing shall not prohibit you or Reservoir from reporting any possible violations of federal law or regulation to any government
agency or entity, nor shall it prohibit you from making any other disclosures that are protected under the whistleblower provisions of
federal law or regulation, nor is it intended to or shall be construed to preclude you or Reservoir from providing truthful information
about your employment to any government agency or in any sworn testimony.

 

Confidentiality

 

During the course of your employment, you will acquire
 “confidential information” relating to the business and affairs of Reservoir and its affiliates. It is a condition of
your employment that you maintain all confidential information in the strictest confidence and agree not to disclose it to any third
party, other than to your legal and financial advisors on a need-to-know basis, both during your employment and after the
termination of your employment. You understand that “confidential information” means any of Reservoir’s
proprietary information, technical data, trade secrets or know-how, including, but not limited to, research, product plans,
products, services, customer lists and customers, markets, software, developments, inventions, processes, formulas, technology,
engineering, marketing, finances, business plans, or other business information. In the event that you are required by law to
disclose any confidential information, you will give Reservoir prompt advance written notice thereof.

 

     

     

    

 

Assignments

 

Reservoir may assign its rights and obligations under this Agreement
to any entity, including any successor to all or substantially all the assets of Reservoir Holdings, Inc. (including, but not limited
to, Roth CH Acquisition II Co. and Roth CH II Merger Sub Corp.), by merger or otherwise, and may assign or encumber this Agreement and
its rights hereunder as security for indebtedness of Reservoir and its affiliates. You acknowledge and agree that you will execute any
documents reasonably required to effectuate the foregoing. You may not assign your rights or obligations under this Agreement to any individual
or entity. This Agreement will become effective upon the Effective Time as set forth in the Merger Agreement. If the Merger Agreement
is terminated in accordance with its terms before the Effective Time, then this Agreement shall be of no further force and effect. Merger
Agreement shall mean that certain Merger Agreement dated as of the date hereof, by and between Roth CH Acquisition II Co. and Roth CH
II Merger Sub Corp. and Reservoir Holdings, Inc., as amended, modified or supplemented from time to time.

 

This letter amends and restates your employment letter with Reservoir
dated January 14, 2020. If you are in agreement with the foregoing terms and conditions, please sign where indicated below and return
a copy to me at your convenience.

 

     

     

    

 

	Yours truly,	 
	 	 	 
	RESERVOIR MEDIA MANAGEMENT, INC.	 
	 	 	 
	By: 	/s/ Golnar Khosrowshahi	 
	 	Name: Golnar Khosrowshahi	 
	 	Title: Chief Executive Officer	 
	 	 	 
	Accepted and Agreed To: 	 
	 	 	 
	By:	 /s/ Jim Heindlmeyer	 
	 	Name: Jim Heindlmeyer	 

 

DATED: April 1, 2021EX-10.12

 Exhibit 10.12 

Execution Version 

DIRECTOR NOMINATION AGREEMENT 

THIS DIRECTOR NOMINATION AGREEMENT (this “Agreement”) is made and entered into as of June 30, 2021 (the
“Effective Time”), by and between Astra Space, Inc., a Delaware corporation (f/k/a Holicity Inc.) (the “Company”), Pendrell Holicity Holdings Corporation, a Washington corporation (the
“Sponsor”) and Adam P. London and Chris C. Kemp (individually, a “Founder,” and collectively, the “Founders”). Capitalized terms used but not otherwise defined in this Agreement have the
respective meanings given to them in the Business Combination Agreement (as defined below). 
 WHEREAS, the Company and certain of its
affiliates have consummated the business combination and the other transactions (collectively, the “Transactions”) contemplated by the Business Combination Agreement, dated as of February 2, 2021, by and among the
Company, Holicity Inc., a Delaware corporation and Astra Space, Inc., a Delaware corporation (the “Business Combination Agreement”); 

WHEREAS, in its capacity as the sponsor of the special purpose acquisition company that was the predecessor to the Company, the Sponsor
desires that, after giving effect to the Transactions, it will continue to have representation on the Board so as to continue to create value for its direct and indirect equityholders (collectively with the Sponsor, the “Sponsor
Parties”) and for the other direct and indirect equityholders of the Company; and 
 WHEREAS, in furtherance of the foregoing,
the Sponsor desires to have certain director nomination rights with respect to the Company, and the Company and the Founders desire to provide the Sponsor, on behalf of the Sponsor Parties, with such rights, in each case, on the terms and conditions
set forth herein. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration,
the receipt and sufficient of which are hereby acknowledged, each of the parties to this Agreement agrees as follows: 
 ARTICLE I 

NOMINATION RIGHT 

Section 1.1 Board Nomination Right. 

(a) From the Effective Time until the termination of this Agreement in accordance with Section 2.1, at every meeting
of the board of directors of the Company (the “Board”), or a committee thereof, or action by written consent, at or by which directors of the Company are appointed by the Board or are nominated to stand for election and
elected by stockholders of the Company, the Sponsor shall have the right to appoint or nominate for election to the Board, as applicable, one (1) individual, to serve as director of the Company (the individual appointed or nominated by the
Sponsor for election to the Board pursuant to this Section 1.1(a), a “Nominee”); provided, that such representative shall be reasonably acceptable to the Founders. At the Effective
Time, the Nominee shall be Craig McCaw, who the Founders have confirmed as being reasonably acceptable to the Founders. 
 (b) The Company
shall take all necessary actions within its control, including but not limited to calling a meeting of the Board or executing an action by unanimous written consent of the Board, such that, as of the Effective Time, the Nominee shall either be
elected by the Company’s stockholders at the meeting held to approve the Transactions or appointed to the Board as of the Effective Time as a director of the Company. 

(c) From and after the Effective Time, the Company shall take all actions necessary (including, without limitation, calling special meetings of
the Board and the stockholders of the Company and recommending, supporting and soliciting proxies) to ensure that: (i) the Nominee is included in the Board’s slate of nominees to the stockholders of the Company for the election of
directors of the Company and recommended by the Board at any meeting of stockholders called for the purpose of electing directors of the Company; and (ii) the Nominee, if up for election, is included in the proxy statement prepared by
management of the Company in connection with the Company’s solicitation of proxies or consents in favor of the foregoing for every meeting of the stockholders of the Company called with respect to the election of members of the Board, and at
every adjournment or postponement thereof, and on every action or approval by written resolution of the stockholders of the Company or the Board with respect to the election of directors of the Company . 

 (d) If the Nominee ceases to serve for any reason, the Sponsor shall be entitled to
designate and appoint or nominate such person’s successor in accordance with this Agreement and the Board shall promptly fill the vacancy with such successor Nominee; provided, that such successor shall be reasonably acceptable to the
Founders. 
 (e) Notwithstanding any of this Section 1.1 to the contrary, the election or appointment of the
Nominee to the Board shall be subject to the prior execution by the Nominee of an irrevocable resignation letter in the form attached hereto as Exhibit A. 

(f) The Company shall indemnify the Nominee on the same basis as all other members of the Board and pursuant to an indemnity agreement with
terms that are no less favorable to the Nominee than the indemnity agreements entered into between the Company and its other directors. 

(g) The Nominee shall be entitled to compensation (including equity awards) that is consistent with the compensation received by other non-employee directors of the Company. In addition, the Company shall pay the reasonable, documented, out-of-pocket expenses incurred
by the Nominee in connection with his or her services provided to or on behalf of the Company and its Subsidiaries, including attending Board and committee meetings or events attended on behalf of the Company or at the Company’s request. 

(h) Notwithstanding the provisions of this Section 1.1, the Sponsor shall not be entitled to designate a Person as a
nominee to the Board upon a written determination by the Board or relevant committee thereof that the Person would not be qualified under any applicable law, rule or regulation to serve as a director of the Company. In such an event, the Sponsor
shall be entitled to select a Person as a replacement Nominee and the Company shall take all necessary actions within its control to cause that Person to be nominated as a Nominee, including, without limitation, taking such necessary actions to
cause that Person to be nominated as a Nominee at the same meeting (or, if permitted, pursuant to the same action by written consent of the stockholders) as the initial Person was to be nominated; provided, than any such replacement Nominee
shall be reasonably acceptable to the Founders. 
 Section 1.2 Founders Voting Agreement. 

(a) For purposes of this Agreement, the term “Shares” shall mean and include any securities of the Company the holders of which are
entitled to vote for members of the Board, including without limitation, all shares of Class A Common Stock and Class B Common Stock, by whatever name called, now owned or subsequently acquired by a Founder, however acquired, whether
through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise. 
 (b) From the Effective Time
until the termination of this Agreement in accordance with Section 2.1, each Founder agrees to vote, or cause to be voted, all Shares owned by such Founder, or over which such Founder has voting control, from time to time
and at all times, in whatever manner as shall be necessary to ensure that at each annual or special meeting of stockholders at which an election of directors is held or pursuant to any written consent of the stockholders, the Nominee be elected to
the Board. 
 (c) From the Effective Time until the termination of this Agreement in accordance with Section 2.1,
each Founder agrees to vote, or cause to be voted, all Shares owned by such Founder, or over which such Founder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that the Charter will not be
amended without the consent of the Sponsor. 
 ARTICLE II 

MISCELLANEOUS 
 Section 2.1
Termination. This Agreement shall terminate automatically and become void and of no further force or effect, without any notice or other action by any Person, as of the first anniversary of the Effective Time. 

Section 2.2 Notices. All notices, requests and other communications to the Company hereunder shall be in writing (including
electronic transmission) and shall be given in accordance with the provisions of the Business Combination Agreement. All notices, requests and other communications to the Sponsor hereunder shall be in writing (including electronic transmission) to
the following address and shall be given in accordance with the provisions of the Business Combination Agreement: 

 If to Sponsor, to: 

Pendrell Holicity Holdings Corporation 

2300 Carillon Point 
 Kirkland, WA
98033 
 Attention: Steve Ednie 

Email: steve.ednie@pendrell.com 

Section 2.3 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by
any rule of law or public policy, all other terms, conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Agreement is not
affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so
as to effect the original intent of the parties hereto as closely as possible in a mutually acceptable manner in order that the Transactions contemplated by this Agreement be consummated as originally contemplated to the fullest extent possible.

 Section 2.4 Binding Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and shall inure
to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned, directly or indirectly, including by operation of law, by
any party hereto without the prior written consent of the other party hereto, except notwithstanding any of the foregoing, the Sponsor may, in connection with a transfer of shares of the Company’s common stock to one of its Affiliates, assign
its rights and obligations hereunder to such Affiliate transferee, in which case the prior consent of the Company shall not be required. 

Section 2.5 No Third Party Beneficiaries. This Agreement is exclusively for the benefit of the parties hereto, and their
respective successors and permitted assigns, and this Agreement shall not be deemed to confer upon or give to any other third party any remedy, claim, liability, reimbursement, cause of action or other right by virtue of any applicable law in any
jurisdiction to enforce any of the terms to this Agreement. 
 Section 2.6 Entire Agreement. This Agreement constitutes the
entire agreement among the parties with respect to the subject matter of this Agreement and supersede all other prior agreements and understandings, both written and oral, between the parties with respect to the subject matter of this Agreement.
Each party hereto acknowledges and agrees that, in entering into this Agreement, such party has not relied on any promises or assurances, written or oral, that are not reflected in this Agreement. 

Section 2.7 Governing Law. This Agreement, and all claims or causes of action based upon, arising out of, or related to this
Agreement or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to principles or rules of conflict of Laws to the extent such principles or rules
would require or permit the application of Laws of another jurisdiction. 
 Section 2.8 Jurisdiction; WAIVER OF TRIAL BY JURY.
Any Action based upon, arising out of or related to this Agreement or the transactions contemplated hereby may be brought in federal and state courts located in the State of Delaware, and each of the parties irrevocably submits to the exclusive
jurisdiction of each such court in any such Action, waives any objection it may now or hereafter have to personal jurisdiction, venue or to convenience of forum, agrees that all claims in respect of the Action shall be heard and determined only in
any such court, and agrees not to bring any Action arising out of or relating to this Agreement or the transactions contemplated hereby in any other court. Nothing herein contained shall be deemed to affect the right of any party hereto to serve
process in any manner permitted by Law or to commence legal proceedings or otherwise proceed against the other party hereto in any other jurisdiction, in each case, to enforce judgments obtained in any Action brought pursuant to this
Section 2.8. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE SUBJECT MATTER HEREOF. 

 Section 2.9 Specific Performance. The parties hereto acknowledge that the rights
of each party hereto to consummate the transactions contemplated hereby are unique and recognize and affirm that in the event of a breach of this Agreement by any party hereto, money damages may be inadequate and such
non-breaching party may have no adequate remedy at law. Accordingly, the parties hereto agree that such non-breaching party shall have the right to enforce its rights
and the other party’s obligations hereunder by an action or actions for specific performance and/or injunctive relief (without posting of bond or other security), including any order, injunction or decree sought by such non-breaching party to cause the other party to perform its/their respective agreements and covenants contained in this Agreement and to cure breaches of this Agreement, without the necessity of proving actual harm
and/or damages or posting a bond or other security therefore. Each party hereto further agrees that the only permitted objection that it may raise in response to any action for any such equitable relief is that it contests the existence of a breach
or threatened breach of this Agreement. 
 Section 2.10 Counterparts. This Agreement may be executed in counterparts, each of
which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or
e-mail shall be as effective as delivery of a manually executed counterpart of the Agreement. 

Section 2.11 Amendment. This Agreement may be amended, modified or supplemented at any time only by the written consent of all of
the parties hereto, and any amendment, modification or supplement so effected shall be binding on all of the parties. 
 Section 2.12
Rights Cumulative. Except as otherwise expressly limited by this Agreement, all rights and remedies of each of the parties hereto under this Agreement will be cumulative, and the exercise of one or more rights or remedies will not preclude
the exercise of any other right or remedy available under this Agreement or law. 
 Section 2.13 Further Assurances. Each of the
parties hereto shall execute and deliver such further instruments and do such further acts and things as may be required to carry out the intent and purpose of this Agreement. 

Section 2.14 Enforcement. Each of the parties hereto covenants and agrees that the disinterested members of the Board have the
right to enforce, waive or take any other action with respect to this Agreement on behalf of the Company. 
 Section 2.15
Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof. 

[Signature Page Follows.] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as a
deed as of the date first written above. 
  

			
	ASTRA SPACE, INC.
		
	By:	 	 /s/ Chris Kemp 

	Name: Chris Kemp
	Title: Chief Executive Officer
	
	PENDRELL HOLICITY HOLDINGS CORPORATION
		
	By:	 	 /s/ Steve A. Ednie

	Name: Steve A. Ednie
	 Title:   Chief Financial Officer
  

FOUNDERS:
  

 
 /s/ Adam P. London

Adam P. London
  

/s/ Chris C. Kemp
  

Chris C. Kemp

 Exhibit A 

FORM OF IRREVOCABLE RESIGNATION 
 [__],
2021 
 ASTRA SPACE, INC. 
 1900 Skyhawk Street 

Alameda, California 94501 
 ATTENTION: SECRETARY 

Re: Resignation 
 Ladies and Gentlemen: 

This irrevocable resignation is delivered pursuant to Section 1.1(e) of the Director Nomination Agreement, dated as of [__], 2021
(the “Agreement”), by and between Astra Space, Inc., a Delaware corporation (f/k/a Holicity Inc.) (the “Company”), the Sponsor (as defined in the Agreement) and the Founders (as defined in the
Agreement). If, following such time that the Agreement is terminated in accordance with its terms, the Board (as such term is defined in the Agreement) requests in writing that I resign as a director of the Company, I hereby tender the immediate
resignation of my position as a director of the Company and from any and all committees of the Board on which I serve, such resignation effective as of the time of the Board’s such written request. 

This resignation may not be withdrawn by me at any time. 

Sincerely, 
  

 
 [Applicable Nominee]

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