Document:

Exhibit 10.5

 

AMENDED AND RESTATED REGISTRATION RIGHTS
AGREEMENT

 

This Registration Rights Agreement (this
 “Agreement”) is made and entered into as of [ ], 2020 (the “Effective Date”) by and among
Novus Capital Corporation, 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, ORGA, Inc., a
Delaware corporation and AppHarvest, Inc., a Delaware public benefit corporation (“AppHarvest”) are party
to that certain Business Combination Agreement and Plan of Reorganization dated as of [●], 2020 (the “Business Combination
Agreement”), pursuant to which, on the Effective Date, Merger Sub will merge (the “Merger”) with and
into AppHarvest, with AppHarvest 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 May 19, 2020 (the “Prior Agreement”);

 

WHEREAS, certain of the Holders currently
hold an aggregate of [___] shares of the Company’s 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
a day other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law
to close.

 

“Commission” shall mean
the Securities and Exchange Commission.

 

[Signature
Page to Stockholders Rights Agreement]

 

     

     

    

 

“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
have the meaning given in subsection 2.1.1.

 

“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 an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement
or Prospectus, or necessary to make the statements in a Registration Statement or Prospectus 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”,
 “Registrable Securities” 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) the Business Combination Shares held by the New Holders as
of the date of this Agreement, (c) the Private Warrants and any shares of Common Stock issuable upon the exercise thereof,
(d) any shares of Common Stock issuable upon conversion of Company Interim Period Convertible Notes (as defined in the Business
Combination Agreement), and (e) 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
securities shall cease to be Registrable Securities when: (A) a Registration Statement with respect to the sale of such securities
shall have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged
in accordance with such Registration Statement; (B) such securities shall have been otherwise transferred, new certificates
for such securities not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public
distribution of such securities shall not require registration under the Securities Act; (C) such securities shall have ceased
to be outstanding; (D) such securities 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 securities have been sold to, or through, a broker, dealer or underwriter in a public distribution
or other public securities transaction.

 

     

     

    

 

“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;

 

(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 Holders of all Registrable Securities included in a Company-initiated Piggyback Registration, or
(iii) Robert J. Laikin and Larry M. Paulson 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; and

 

(G) reasonable fees and disbursements
of any special experts retained by the Company in connection with the Registration.

 

“Registration Statement”
shall mean any registration statement 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 AppHarvest, dated as of [●], 2020.

 

“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.

 

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 expiration of the lock-up provisions set forth
in the Lock-up Agreement between the Company and the New Holders being entered into as of the Effective Date, New Holders holding
at least a majority in interest of the then-outstanding number of Registrable Securities held by all New Holders (such New Holders,
the “Demanding 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 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 effect, as soon thereafter as practicable, but not more than forty five (45) days immediately
after the Company’s receipt of the Demand Registration, 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 three (3) Registrations pursuant to a Demand Registration 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, (i) such stop order or injunction is removed, rescinded or otherwise
terminated, and (ii) 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 majority-in-interest of
the Demanding Holders initiating the Demand Registration.

 

     

     

    

 

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 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, or (v) 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.

 

     

     

    

 

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.

 

Section 2.3      Resale
Shelf Registration Rights

 

2.3.1            Registration
Statement on Form S-3 Covering Resale of Registrable Securities. The Company shall prepare and file or cause to be prepared
and filed with the Commission, no later than thirty (30) days following the closing of the Business Combination, a Registration
Statement for an offering to be made on a 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-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). 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) ten (10) Business Days 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 New 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. If
the Resale Shelf Registration Statement is filed on Form S-1, then 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”). Notwithstanding anything to the contrary in this
Agreement, the Holders shall not be entitled to reimbursement from the Company of Registration Expenses set forth in clause (F) of
the definition of “Registration Expenses” related to 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.

 

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 best 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 best 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 the number of shares of Common Stock included
in the Resale Shelf Registration Statement that were issued upon conversion of Company Interim Period Convertible Notes (as defined
in the Business Combination Agreement), and second, the Registrable Securities under this Agreement other than the shares issued
upon conversion of Company Interim Period Convertible Notes, 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
best 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 has delivered written notice to the Holders prior to receipt
of a Demand Registration pursuant to subsection 2.1.1 and it 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 a period of not more than thirty (30) days; provided, however,
that the Company shall not defer its obligation in this manner more than once in any 12 month period.

 

     

     

    

 

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 best 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 best 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;

 

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

 

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 $50,000,000, 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. Except as provided in Section 2.3.1 with respect to an S-3 Conversion, 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 any legal counsel representing the Holders.

 

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.

 

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 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, upon the advice of legal counsel, 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, upon
the advice of legal counsel, 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 on more than two occasions or for more than sixty (60) consecutive calendar days, or more than
ninety (90) total calendar days, in each case during any twelve-month period. 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 untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they
were made (in the case of the prospectus) not misleading, the Holders agrees 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 misstatement(s) or omission(s) 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) and the Company Interim Period Convertible
Notes (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.

 

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 attorneys’ fees) caused by any untrue or alleged untrue statement of material fact contained in any
Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission or
alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, or
any violation by the Company of the Securities Act or any rule or regulation promulgated thereunder applicable to the Company
and relating to action or inaction required of the Company in connection with any such registration, 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. 
The Company shall indemnify the Underwriters, their officers and directors and each person who controls such Underwriters (within
the meaning of the Securities Act) to the same extent as provided in the foregoing with respect to the indemnification of the Holder.

 

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 untrue statement of
material fact contained in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement
thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading,
but only to the extent that such untrue statement or omission is contained in any information or affidavit so furnished in writing
by 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.  The Holders of Registrable Securities shall indemnify the Underwriters, their officers,
directors and each person who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided
in the foregoing with respect to indemnification of the Company.

 

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, 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 unavailable or insufficient
to hold harmless 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 untrue or alleged untrue statement of a material fact or omission or alleged omission to
state a material fact, 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.

 

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 electronic confirmation), 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).

 

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 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.
In the event that the Company issues shares of Common Stock upon conversion of Company Interim Period Convertible Notes (as defined
in the Business Combination Agreement), the holder(s) thereof shall become party to this Agreement solely upon execution of
a counterpart signature page and shall be deemed to be New Holders for all purposes under this Agreement. Any failure by any
party at any time to enforce any of the provisions of this Agreement shall not be construed a waiver of such provision or any other
provisions hereof.

 

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          Exercise
Term. The Holders may not exercise their registration rights under Article II after the seven-year anniversary of the
closing of the Business Combination.

 

[Signature Pages Follow]

 

     

     

    

 

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

 

	 	COMPANY:
	 	 	 
	 	NOVUS CAPITAL CORPORATION
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

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

 

	 	HOLDER:
	 	 	 
	 	If Holder is an individual:
	 	 	 
	 	Printed Name:	 
	 	 	 
	 	Signature:	 
	 	 	 
	 	If Holder is an entity:
	 	 	 
	 	Entity Name:	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

 

SCHEDULE A

 

ORIGINAL HOLDERS:

 

[To come – Novus Founders and EarlyBirdCapital and certain
of its designees]

 

NEW HOLDERS:

 

[To come – AppHarvest Holders]Exhibit 10.16

 

Execution

 

SPONSOR RESTRICTED STOCK AGREEMENT

 

This RESTRICTED STOCK
AGREEMENT, dated as of [•], 2020 (“Agreement”), by and among NOVUS CAPITAL CORPORATION, a Delaware corporation
(“Novus”), the stockholders of Novus listed on Exhibit A hereto (the “Stockholders”)
and AppHarvest, Inc., a Delaware public benefit corporation (the “Company”).

 

WHEREAS, Novus was
formed for the purpose of completing a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization
or other similar business combination with one or more businesses or entities.

 

WHEREAS, 2,500,000
shares of common stock of Novus, par value $0.0001 per share, (“Novus Common Stock”) are held in escrow (the
 “Escrow Shares”) with Continental Stock Transfer & Trust Company, a New York corporation (the “Escrow
Agent”), in accordance with that certain Stock Escrow Agreement, by and among Novus, the Stockholders and the Escrow
Agent, dated as of May 19, 2020 (the “Escrow Agreement”).

 

WHEREAS, Novus, ORGA, Inc.,
a Delaware corporation and wholly owned subsidiary of Novus (“Merger Sub”), and the Company have entered into
a business combination agreement and plan of reorganization (the “BCA”; terms used but not defined in this Agreement
shall have the meanings ascribed to them in the BCA), which provides, among other things, that, upon the terms and subject to the
conditions thereof, Merger Sub will be merged with and into the Company (the “Merger”), with the Company surviving
the Merger as a wholly owned subsidiary of Novus.

 

WHEREAS, the Stockholders
are entering into this Agreement as a condition of, and as a material inducement for the Company to enter into and consummate the
transactions contemplated by the BCA, including the Closing of the Merger.

 

WHEREAS, as a
condition of, and as a material inducement for the Company to enter into and consummate the transactions contemplated by the
BCA, Novus and the Stockholders have entered into a Sponsor Support Agreement, dated as of September 28, 2020
(the “Support Agreement”) and are entering into a Sponsor Lock-Up Agreement, dated on or about the date
hereof (the “Lock-Up Agreement”).

 

1.           Share
Restriction. The Company, Novus and the Stockholders hereby agree that concurrently with the Closing, Novus shall instruct
the Escrow Agent that the Escrow Shares shall be distributed to the Stockholders subject to potential forfeiture until vested in
accordance with Section 3 and the further restrictions on transfer set forth in this Agreement the Support Agreement and the
Lock-Up Agreement and cause the termination of the Escrow Agreement in accordance with its terms.

 

2.           Restricted
Shares.

 

2.1          Novus
and each Stockholder agrees that, concurrently with the release of the Escrow Shares, the Aggregate Number of Restricted Shares
shall be subject to the restrictions set forth in this Agreement (“Restricted Shares”). The number of Restricted
Shares of each Stockholder shall be determined on a pro rata basis, relative to the number of Escrow Shares owned by each Stockholder
immediately prior to the Closing, such that a number of shares of Novus Common Stock held by each Stockholder equal to (i) the
product of the Aggregate Number of Restricted Shares and (ii) a fraction equal to the aggregate number of Escrow Shares held
by such Stockholder immediately prior to the Closing, divided by 2,500,000 as set forth on Exhibit A hereto shall be
subject to the restrictions set forth in this Agreement. The Stockholders acknowledge that the Restricted Shares will be legended
to reflect the transfer restrictions applicable to the Restricted Shares under this Agreement.

 

    

     

    

 

2.2          The
aggregate number of Restricted Shares shall be calculated as follows.

 

(a)            Aggregate
Number of Restricted Shares = the product of 1,250,000 and X.

 

(b)            “X”
is equal to the quotient obtained by dividing A and B.

 

(c)            “A”
is equal to the number, not less than -0-, of (i) shares of Novus Common Stock (as adjusted for share splits, share capitalizations,
reorganizations, recapitalizations and the like) redeemed pursuant to the Redemption Rights, minus (ii) 1,025,000.

 

(d)            “B”
is equal to the number of shares Novus Common Stock outstanding immediately prior to the Effective Time.

 

2.3          Legends.
The books and records of Novus evidencing the Restricted Shares shall be stamped or otherwise imprinted with a legend (the “Legend”)
in substantially the following form:

 

THE SECURITIES EVIDENCED HEREIN ARE SUBJECT
TO RESTRICTIONS ON TRANSFER, AND CERTAIN OTHER AGREEMENTS, SET FORTH IN THE SPONSOR RESTRICTED STOCK AGREEMENT, DATED AS OF [__________________],
2020, THE LOCK-UP AGREEMENT, DATED AS OF [__________________], 2020 AND THE SPONSOR SUPPORT AGREEMENT DATED AS OF SEPTEMBER [●],
2020, BY AND AMONG NOVUS CAPITAL CORPORATION AND THE OTHER PARTIES THERETO.

 

3.           Vesting
of Restricted Shares.

 

3.1          The
Restricted Shares shall be subject to the transfer restrictions set forth herein until satisfaction of the following trigger events
(each, a “Triggering Event”):

 

(a)            50%
of the Restricted Shares shall be released upon the date on which (x) the closing price of the Novus Common Stock (as adjusted
for share splits, share capitalizations, reorganizations, recapitalizations and the like) equals or exceeds $12.50 per share for
any 20 trading days within a 30-trading day period commencing after the date of the closing of the Merger (the “Closing
Date”) or (y) Novus consummates a sale, merger, liquidation, exchange offer, transaction after the Merger (a “Subsequent
Transaction”) which results in the stockholders of Novus having the right to exchange their shares of Novus Common Stock
for cash, securities or other property having a value of at least $12.50 per share (for any noncash proceeds, determined based
on the valuation set forth in the definitive agreements for such transaction or, in the absence of such valuation in good faith
by the board of directors of Novus), and

 

    2.

     

    

 

(b)            the
remaining 50% of the Restricted Shares shall be released upon the date on which (x) the closing price of the Novus Common
Stock (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) equals or exceeds
$15.00 per share for any 20 trading days within a 30-trading day period commencing after the Closing Date or (y) Novus consummates
a Subsequent Transaction which results in the stockholders of Novus having the right to exchange their shares of Novus Common Stock
for cash, securities or other property having a value of at least $15.00 per share (for any noncash proceeds, determined based
on the valuation set forth in the definitive agreements for such transaction or, in the absence of such valuation, in good faith
by the board of directors of Novus).

 

3.2          Notwithstanding
anything to the contrary, the Stockholders hereby agree that in the event that none of the Trigger Events occur prior to the fifth
(5th) anniversary of the Closing Date (such period of time during which the Restricted Shares are subject to the transfer
restrictions set forth herein, the “Restricted Period”), the Restricted Shares shall be forfeited to Novus and
canceled and no Stockholder shall have any rights with respect thereto.

 

3.3          As
soon as practicable, and in any event within two (2) business days after the occurrence of a Triggering Event with respect
to the applicable Restricted Shares as set forth in Section 3.1, Novus shall cause any legend reflecting the limitation of
transferability, the risk of forfeiture and other restrictions under this Agreement to be removed from such vested Restricted Shares.
For the avoidance of doubt, to the extent then-applicable, such shares will remain subject to the restrictions set forth in the
Lock-Up Agreement.

 

4.            Rights
of Stockholders in the Restricted Shares.

 

4.1          Voting
Rights as a Stockholder. Subject to the terms of the Support Agreement described in Section 3.1 hereof and except as herein
provided, the Stockholders shall retain all of their rights as stockholders of Novus as long as any shares are held in escrow pursuant
to this Agreement, including, without limitation, the right to vote such shares.

 

4.2          Dividends
and Other Distributions in Respect of the Escrow Shares. For as long as any shares are Restricted Shares, all dividends payable
in cash with respect to such Restricted Shares shall be paid to the Stockholders, but all dividends payable in stock or other non-cash
property (“Non-Cash Dividends”) (for the avoidance of doubt, excluding stock or other non-cash property issued
pursuant to share splits, share capitalizations, reorganizations, recapitalizations and similar transactions) shall be set aside
and not paid until the Restricted Shares have been vested and released to the Stockholder or, if the Restricted Shares are not
vested and released in accordance with this Agreement, then all such distributions declared on such Restricted Shares shall be
forfeited. As used herein, the term “Restricted Shares” shall be deemed to include the Non-Cash Dividends distributed
thereon, if any.

 

    3.

     

    

 

4.3          Restrictions
on Transfer. During the Restricted Period, each Stockholder, severally and not jointly, agrees that it shall not sell, assign,
transfer (including by operation of law), pledge, dispose of, permit to exist any material lien with respect to, or otherwise encumber
any of the Restricted Shares or otherwise agree to do any of the foregoing, except to another stockholder of Novus that is a party
to this Agreement and bound by the terms and obligations hereof, deposit any Restricted Shares into a voting trust or enter into
a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement
or enter into any contract, option or other arrangement or undertaking with respect to the direct or indirect acquisition or sale,
assignment, transfer (including by operation of law) or other disposition of any Restricted Shares, except to such other stockholder
of Novus that is a party to this Agreement and bound by the terms and obligations hereof (including by executing a joinder agreeing
to be bound by this Agreement); provided, that the foregoing shall not prohibit the transfer of the Restricted Shares to (i) if
Stockholder is an individual (A) to any affiliate of such Stockholder, member of such Stockholder’s immediate family,
or to a trust for the direct or indirect benefit of Stockholder or any member of Stockholder’s immediate family, the sole
trustees of which are such Stockholder or any member of such Stockholder’s immediate family, (B) as a bona fide gift
to any charitable organization or (C) by will, other testamentary document or under the laws of intestacy upon the death of
Stockholder; or (ii) if Stockholder is an entity, any equityholder, partner, member, or affiliate of Stockholder, or any investment
fund or other entity controlling, controlled by, managed by or under common control with the Stockholder or affiliates of the Stockholder,
but only if, in the case of clause (i) and (ii), such transferee shall execute this Agreement or a joinder agreeing to become
a party to this Agreement.

 

5.           Miscellaneous.

 

5.1          Expenses.
Except as otherwise provided herein, all costs and expenses incurred in connection with this Agreement and the transactions contemplated
hereby shall be paid by the party incurring such costs and expenses, whether or not the transactions contemplated hereby are consummated.

 

5.2          Governing
Law. 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 Actions arising out of or relating to this Agreement shall be heard
and determined exclusively in the Delaware Chancery Court. The parties hereto hereby (i) submit to the exclusive jurisdiction
of the Delaware Chancery Court for the purpose of any Action arising out of or relating to this Agreement brought by any party
hereto, and (ii) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such Action, any
claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from
attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the Action is improper, or that
this Agreement or the transactions contemplated hereunder may not be enforced in or by any of the above-named courts.

 

5.3          Entire
Agreement. This Agreement, together with the BCA, the Sponsor Support Agreement and the Lock-Up Agreement, contains the entire
agreement of the parties hereto with respect to the subject matter hereof. Any term of this Agreement may be amended, modified
or terminated and the observance of any term of this Agreement may be waived (either generally or in a particular instance, and
either retroactively or prospectively) only with the written consent of (i) the Company, (ii) Novus and (iii) the
holders of a majority of the Escrow Shares, or following the Closing, a majority of the Restricted Shares. No waivers of or exceptions
to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a further
or continuing waiver of any such term, condition, or provision.

 

    4.

     

    

 

5.4          Headings.
The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation
thereof.

 

5.5          Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the respective parties hereto and their legal representatives,
successors and assigns.

 

5.6          Notices.
Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery,
by email or by facsimile transmission:

 

If to Novus, prior to the Closing,
to:

 

Novus Capital Corporation

8556 Oakmont Lane

Indianapolis, Indiana 46260

Attention: Robert J. Laikin, Chairman and Larry M. Paulson, President & CEO

Email: robertjlaikin@gmail.com, larrympaulson@gmail.com

 

with a copy to:

 

Blank Rome LLP

1271 Avenue of the Americas

New York, NY 10020

Attention: Robert J. Mittman and Kathleen Cunningham

Email: rmittman@blankrome.com; kcunningham@blankrome.com

 

If to the Company or to Novus,
following the Closing, to:

 

AppHarvest, Inc.

401 W. Main Street, Suite 321

Lexington, KY 40507

Attention: Jonathan Webb, CEO

Email: Jonathan@appharvest.com

 

with a copy to:

 

Cooley LLP

1299 Pennsylvania Avenue, NW, Suite 700

Washington, DC 20004

Attention: Derek O. Colla and David I. Silverman

Email: dcolla@cooley.com; dsilverman@cooley.com

 

If to a Stockholder, to his/her/its
address set forth in Exhibit A.

 

    5.

     

    

 

The parties may change the persons and
addresses to which the notices or other communications are to be sent by giving written notice to any such change in the manner
provided herein for giving notice.

 

5.7          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 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 hereby is not affected in any manner materially adverse to
any party. 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 as closely as
possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated
to the fullest extent possible.

 

5.8          Counterparts.
This Agreement may be executed in several counterparts, each one of which shall constitute an original and may be delivered by
facsimile transmission and together shall constitute one instrument.

 

5.9          Parties
in Interest. Except as set forth below, this Agreement shall be binding upon and inure solely to the benefit of each party
hereto (and Novus’ permitted assigns), and nothing in this Agreement, express or implied, is intended to or shall confer
upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. No Stockholder
shall be liable for the breach by any other Stockholder of this Agreement. The covenants and obligations of each Stockholder set
forth in this Agreement shall be construed as independent of any other contract between such Stockholder, on the one hand, and
the Company or Novus, on the other hand. The existence of any claim or cause of action by any such Stockholder against the Company
or Novus shall not constitute a defense to the enforcement of any of such covenants or obligations against such Stockholder. Except
as otherwise provided herein, nothing in this Agreement shall limit any of the rights or remedies of Novus or the Company under
the BCA, or any of the rights or remedies of Novus or the Company or any of the obligations such Stockholder under any agreement
between such Stockholder and the Company or any certificate or instrument executed by such Stockholder in favor of Novus or the
Company; and nothing in the BCA or in any other such agreement, certificate or instrument, shall limit any of the rights or remedies
of the Company or any of the obligations of such Stockholder under this Agreement.

 

5.10        Enforcement.
The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not performed in
accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition
to any other remedy at law or in equity without the necessity of proving the inadequacy of money damages as a remedy and without
bond or other security being required, this being in addition to any other remedy to which they are entitled at law or in equity.
Each of the parties hereto hereby further acknowledges that the existence of any other remedy contemplated by this Agreement does
not diminish the availability of specific performance of the obligations hereunder or any other injunctive relief. Each party hereto
hereby further agrees that in the event of any action by any other party for specific performance or injunctive relief, it will
not assert that a remedy at law or other remedy would be adequate or that specific performance or injunctive relief in respect
of such breach or violation should not be available on the grounds that money damages are adequate or any other grounds.

 

    6.

     

    

 

5.11        Further
Assurances. At the request of Novus or the Company, in the case of any Stockholder, at the request of Novus, in the case of
the Company, or at the request of the Company, in the case of Novus, and without further consideration, each party shall execute
and deliver or cause to be executed and delivered such additional documents and instruments and take such further action as may
be reasonably necessary to consummate the transactions contemplated by this Agreement.

 

5.12        Effectiveness.
This Agreement shall not be effective or binding upon any Stockholder until such time as the BCA is executed and delivered by the
Company, Novus and Merger Sub.

 

5.13        Waiver
of Jury Trial. Each of the parties hereto hereby waives to the fullest extent permitted by applicable law any right it may have
to a trial by jury with respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement.
Each of the parties hereto (a) certifies that no representative, agent or attorney of any other party has represented, expressly
or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and (b) acknowledges
that it and the other parties hereto have been induced to enter into this Agreement and the transactions contemplated hereby, as
applicable, by, among other things, the mutual waivers and certifications in this Section 5.13.

 

5.14        Stockholder
Obligations. Each Stockholder signs this Agreement solely in Stockholder’s capacity as a holder of Shares of Novus, and not
in Stockholder’s capacity as a director, officer or employee of Novus or in Stockholder’s capacity as a trustee or
fiduciary of any employee benefit plan or trust.

 

5.15        Interpretation.
The words “hereof,” “herein,” “hereinafter,” “hereunder,” and “hereto”
and words of similar import refer to this Agreement as a whole and not to any particular section or subsection of this Agreement
and reference to a particular section of this Agreement will include all subsections thereof, unless, in each case, the context
otherwise requires. The definitions of the terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context shall require, any pronoun shall include the corresponding masculine, feminine and neuter forms. When a reference
is made in this Agreement to an Exhibit or Schedule, such reference shall be to an Exhibit or Schedule to this Agreement
unless otherwise indicated. When a reference is made in this Agreement to Sections or subsections, such reference shall be to a
Section or subsection of this Agreement. Unless otherwise indicated the words “include,” “includes”
and “including” when used herein shall be deemed in each case to be followed by the words “without limitation.”
Reference to the subsidiaries of an entity shall be deemed to include all direct and indirect subsidiaries of such entity. The
word “or” shall be disjunctive but not exclusive. References to a particular statute or regulation including all rules and
regulations thereunder and any predecessor or successor statute, rule, or regulation, in each case as amended or otherwise modified
from time to time. All references to currency amounts in this Agreement shall mean United States dollars.

 

    7.

     

    

 

WITNESS the execution
of this Agreement as of the date first above written.

 

	 	NOVUS CAPITAL CORPORATION
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	STOCKHOLDERS:
	 	 
	 	ROBERT J. LAIKIN
	 	 
	 	Robert J. Laikin
	 	 
	 	ZAK LAIKIN
	 	 
	 	Zak Laikin
	 	 
	 	Larry Gretchen Paulson Trust
	 	 
	 	By:	 
	 	Name:	Larry Paulson
	 	Title:	 

 

	 	NEW FRONTIER LLC
	 	 
	 	By:	 
	 	Name:	Jeffrey Foster
	 	Title:	 
	 	 
	 	HIRSCH FAMILY LIVING TRUST
	 	 
	 	By:	 
	 	Name:	Dan Hirsch
	 	Title:	 
	 	 
	 	MONS INVESTMENT LLC
	 	 
	 	By:	 
	 	Name:	Hersch Klaff
	 	Title:	 

 

	 	CLIFF HOLDINGS LLC
	 	 
	 	By:	 
	 	Name:	Ryan Levy
	 	Title:	 

 

    

     

    

 

	 	VINCE DONARGO
	 	 
	 	Vince Donargo
	 	 
	 	LOUIS CONFORTI
	 	 
	 	Louis Conforti
	 	 
	 	MADNANI LIVING TRUST
	 	 
	 	By:	 
	 	Name: 	Sean Madnani
	 	Title:	 
	 	 
	 	KEN BEYER
	 	 
	 	Ken Beyer
	 	 
	 	ALEX PASKOFF
	 	 
	 	Alex Paskoff
	 	 
	 	MARIA MARTA R BIRGE REV TR DEC
	 	 
	 	By:	 
	 	Name:	Tag Birge
	 	Title:	 
	 	 
	 	KARIN MICHELLE HELD TRUST
	 	 
	 	By:	 
	 	Name:	Andrew Held
	 	Title:	 
	 	 
	 	FINOVUS LLC
	 	 
	 	By:	 
	 	Name:	Steven Fivel
	 	Title:	 
	 	 
	 	ANNE T. DILLON
	 	 
	 	Anne Dillon
	 	 	 
	 	BRIAN PAHUD:
	 	 
	 	Brian Pahud
	 	 
	 	JOEL HOFFMAN
	 	 
	 	Joel Hoffman

 

    

     

    

 

	 	BEA HOLDINGS II, LLC
	 	 
	 	By:	 
	 	Name:	Bradley A. Bostic
	 	Title:	Managing Director
	 	 	 
	 	SEDD BOND HOLDINGS, LLC
	 	 
	 	By:	 
	 	Name:	David Eskenazi
	 	Title:	 
	 	 
	 	ETHAN W. MEYERS TRUST
	 	 
	 	By:	 
	 	Name:	Sidney Eskenazi
	 	Title:	 
	 	 
	 	SAMANTHA H MEYERS TRUST
	 	 
	 	By:	 
	 	Name:	Sidney Eskenazi
	 	Title:	 
	 	 	 
	 	HEATHER GOODMAN
	 	 
	 	Heather Goodman
	 	 
	 	ALEX LAIKIN
	 	 
	 	Alex Laikin

 

    

     

    

 

WITNESS the execution
of this Agreement as of the date first above written.

 

	 	APPHARVEST, INC.
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    

     

    

 

Execution

EXHIBIT A

 

	Name and Address of Stockholder	 	Number of Shares	 
	Robert J. Laikin

8556 Oakmont Lane

Indianapolis, IN 46260	 	 	 
	Zak Laikin

8556 Oakmont Lane

Indianapolis, IN 46260	 	 	 	 
	Alex Laikin

4525 Dean Martin Drive, Unit 812

Las Vegas , NV 89103	 	 	 	 
	Larry Gretchen Paulson Trust

PO Box 675133

Rancho Santa Fe, CA 92067	 	 	 	 
	New Frontier LLC

C/o Jeff Foster

PO Box 162625

Austin, TX 78716	 	 	 	 
	Hirsch Family Living Trust

7366 Baker Lane

Sebastopol, CA 95472	 	 	 	 
	Mons Investments LLC

c/o Hersch Klaff,

150 Ravine Glade

Glencoe, IL 60022	 	 	 	 
	Cliff Holdings LLC

c/o Ryan Levy

1340 S Michigan Ave #104

Chicago IL 60605	 	 	 	 
	Vince Donargo

2002 Stanhope Street

Carmel, IN 46032	 	 	 	 
	Louis Conforti

4857 South Greenwood Ave

Chicago, IL 60615	 	 	 	 
	Madnani Living Trust

2009 Mount Olympus Dr

Los Angeles, CA 90046	 	 	 	 
	Ken Beyer

30671 Steeplechase Dr

San Juan Capistrano, CA 92675	 	 	 	 
	Alex Paskoff

11509 Willow Ridge Drive

Zionsville, IN 46077	 	 	 	 
	MARIA MARTA R BIRGE REV TR DEC

c/o Tag Birge

8082 Morningside Drive

Indianapolis, IN 46240	 	 	 	 

 

     

     

    

 

	Name and Address of Stockholder	 	 	Number of Shares	 
	Karin Michelle Held Revocable Trust

c/o Andrew Held

7442 Washington Blv

Indianapolis IN 46240	 	 	 	 
	Finovus LLC

Attn: Steve Fivel

312 West North St

Indianapolis, IN 46202	 	 	 	 
	Anne T. Dillon

7477 N. Pennsylvania Street

Indianapolis, Indiana 46240	 	 	 	 
	Brian C. Pahud

c/o Landmark Properties, Inc.

9333 N. Meridian Street, Suite 350

Indianapolis, IN 46260	 	 	 	 
	Joel Hoffman

123 Lily Garden Place

Alpharetta GA 30009	 	 	 	 
	BEA Holdings

6100 Technology Center Drive

Indianapolis, IN 46278

Attn: Brad Bostic	 	 	 	 
	Sedd Bond Holdings, LLC

Attn: David Eskenazi

10689 North Pennsylvania Street

Indianapolis, Indiana 46280	 	 	 	 
	Ethan W. Meyers Trust

Attn: Sidney Eskenazi

1860 Pheasant Run

Longrove, Illinois 60047	 	 	 	 
	Samantha H. Meyers Trust

Attn: Sidney Eskenazi

1860 Pheasant Run

Longrove, Illinois 60047	 	 	 	 
	Heather Goodman

101 Montgomery Street, Suite 2800 

San Francisco, CA 94104	 	 	 	 
	Total:

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