Document:

Exhibit 10.6

 

FORM OF SUBSCRIPTION AGREEMENT 

 

This SUBSCRIPTION AGREEMENT
(this “Subscription Agreement”) is entered into this ___ day of ____________, 2020, by and between Newborn Acquisition
Corp., a Cayman Islands exempted company (the “Company”), and the undersigned (“Subscriber” or “you”).
Defined terms used but not otherwise defined herein shall have the respective meanings ascribed thereto in the Transaction Agreement (as
defined below).

 

WHEREAS, the Company and
the other parties named therein propose to enter into an Agreement and Plan of Merger (as the same may be modified or amended from time
to time, and including all exhibits and schedules thereto, the “Transaction Agreement”), pursuant to which the Company
will acquire Nuvve Corporation (“Nuvve) on the terms and subject to the conditions set forth therein (the “Transaction”);

 

WHEREAS, in connection with
the Transaction, Subscriber desires to subscribe for and purchase from the Company that number of the Company’s ordinary shares,
par value $0.0001 per share (the “Ordinary Shares”), set forth on the signature page hereto for a purchase price of
$10.00 per share (the “Per Share Price”), or the aggregate purchase price set forth on the signature page hereto (the
“Purchase Price”), and the Company desires to issue and sell to Subscriber the Securities, in addition to the additional
items set forth in Section 1.2, in consideration of the payment of the Purchase Price by or on behalf of Subscriber to the Company on
or prior to the Closing (as defined below); and

 

WHEREAS, in connection
with the Transaction, certain other “accredited investors” (within the meaning of Rule 501(a) under the Securities
Act of 1933, as amended (the “Securities Act”)) have entered into separate subscription agreements with the
Company (“Other Subscription Agreements”) substantially similar to this Subscription Agreement, pursuant to
which such investors have, together with the Subscriber pursuant to this Subscription Agreement, agreed to purchase an aggregate
of up to [ • ] Ordinary Shares at the Per Share Price.

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, herein contained, and intending
to be legally bound hereby, the parties hereto hereby agree as follows:

 

1. Subscription.

 

1.1 Subject to the terms and
conditions hereof, Subscriber hereby irrevocably subscribes for and agrees to purchase from the Company, and the Company hereby agrees
to issue and sell to Subscriber, upon the payment of the Purchase Price, the Shares on the terms and conditions set forth herein (such
subscription and issuance, the “Subscription”).

 

1.2 In addition, for each
Share purchased by Subscriber, Subscriber shall receive from the Company 1.9 warrants (the "Warrants" and together
with the Shares, the “Closing Securities”) to purchase Ordinary Shares (the “Warrant Shares” and
together with the Closing Securities, the “Securities”). Each Warrant shall be exercisable for one-half of one Ordinary
Share at a price of $11.50 per share and, other than customary Securities Act restrictions on resale absent an exemption or registration,
shall have identical terms to the warrants included as part of the Company's units issued in the IPO (as defined in Section 8). No fractional
Warrants will be issued, and the Company will round the number of Warrants to be issued to the Subscriber down to the nearest whole number.

 

2. Representations, Warranties and Agreements.

 

2.1 Subscriber’s
Representations, Warranties and Agreements. To induce the Company to issue the Closing Securities to Subscriber, Subscriber hereby
represents and warrants to the Company and agrees with the Company as follows:

 

2.1.1 If Subscriber
is not an individual, Subscriber has been duly formed or incorporated and is validly existing in good standing under the laws of its jurisdiction
of incorporation or formation, with power and authority to enter into, deliver and perform its obligations under this Subscription Agreement.
If Subscriber is an individual, Subscriber has the authority to enter into, deliver and perform its obligations under this Subscription
Agreement.

 

     

     

    

 

2.1.2 If Subscriber
is not an individual, this Subscription Agreement has been duly authorized, executed and delivered by Subscriber. If Subscriber is an
individual, the signature on this Subscription Agreement is genuine, and Subscriber has legal competence and capacity to execute the same.
This Subscription Agreement is enforceable against Subscriber in accordance with its terms, except as may be limited or otherwise affected
by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the rights
of creditors generally, and (ii) principles of equity, whether considered at law or equity.

 

2.1.3 The execution,
delivery and performance by Subscriber of this Subscription Agreement and the consummation of the transactions contemplated herein will
not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or
result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of Subscriber or any of its
subsidiaries pursuant to the terms of any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument
to which Subscriber or any of its subsidiaries is a party or by which Subscriber or any of its subsidiaries is bound or to which any of
the property or assets of Subscriber or any of its subsidiaries is subject, which would reasonably be expected to have a material adverse
effect on the business, properties, financial condition, stockholders’ equity or results of operations of Subscriber and its subsidiaries,
taken as a whole (a “Subscriber Material Adverse Effect”), or materially affect the legal authority of Subscriber to
comply in all material respects with the terms of this Subscription Agreement; (ii) if Subscriber is not an individual, result in
any violation of the provisions of the organizational documents of Subscriber or any of its subsidiaries; or (iii) result in any
violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign,
having jurisdiction over Subscriber or any of its subsidiaries or any of their respective properties that would reasonably be expected
to have the Subscriber Material Adverse Effect or materially affect the legal authority of Subscriber to comply in all material respects
with this Subscription Agreement.

 

2.1.4 Subscriber
(i) is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or an “accredited investor”
(within the meaning of Rule 501(a) under the Securities Act) satisfying the applicable requirements set forth on Schedule A, (ii) is
acquiring the Securities only for its own account and not for the account of others, or if Subscriber is subscribing for the Securities
as a fiduciary or agent for one or more investor accounts, each owner of such account is an accredited investor and Subscriber has full
investment discretion with respect to each such account, and the full power and authority to make the acknowledgements, representations
and agreements herein on behalf of each owner of each such account, and (iii) is not acquiring the Securities with a view to, or
for offer or sale in connection with, any distribution thereof in violation of the Securities Act (and shall provide the requested information
on Schedule A following the signature page hereto). Subscriber is not an entity formed for the specific purpose of acquiring the
Securities. Subscriber understands and acknowledges that the purchase of the Securities pursuant to this Agreement meets the exemptions
from filing under FINRA Rule 5123(b)(1)(C) or (J).

 

2.1.5 Subscriber
understands that the Securities are being offered in a transaction not involving any public offering within the meaning of the Securities
Act and that the Securities have not been registered under the Securities Act. Subscriber understands that the Securities may not be resold,
transferred, pledged or otherwise disposed of by Subscriber absent an effective registration statement under the Securities Act with respect
to the Securities or an opinion of counsel satisfactory to the Company that such registration statement is not required and an applicable
exemption from the registration requirements of the Securities Act is available, and that any certificates or book entries representing
the Securities shall contain a legend to such effect. Subscriber acknowledges that the Securities will not be eligible for resale pursuant
to Rule 144A promulgated under the Securities Act. Subscriber understands and agrees that the Securities will be subject to transfer restrictions
and, as a result of these transfer restrictions, Subscriber may not be able to readily resell the Securities and may be required to bear
the financial risk of an investment in the Securities for an indefinite period of time. Subscriber understands that it has been advised
to consult legal counsel prior to making any offer, resale, pledge or transfer of any of the Securities.

 

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2.1.6 Subscriber
understands and agrees that Subscriber is purchasing the Securities directly from the Company. Subscriber further acknowledges that there
have been no representations, warranties, covenants and agreements made to Subscriber by the Company or any of its officers or directors,
expressly or by implication, other than those representations, warranties, covenants and agreements included in this Subscription Agreement.

 

2.1.7 Subscriber
represents and warrants that (i) it is not a Benefit Plan Investor as contemplated by the Employee Retirement Income Security Act
of 1974, as amended (“ERISA”), or (ii) its acquisition and holding of the Securities will not constitute or result
in a non-exempt prohibited transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended, Section 4975
of the Internal Revenue Code of 1986, as amended, or any applicable similar law.

 

2.1.8 In making
its decision to purchase the Securities, Subscriber represents that it has relied solely upon independent investigation made by Subscriber.
The Subscriber acknowledges and agrees that the Subscriber has received and has had an adequate opportunity to review, such financial
and other information as the Subscriber deems necessary in order to make an investment decision with respect to the Securities and made
its own assessment and is satisfied concerning the relevant tax and other economic considerations relevant to the Subscriber’s investment
in the Securities. Without limiting the generality of the foregoing, the Subscriber acknowledges that it has reviewed the documents provided
to the Subscriber by the Company. The Subscriber represents and agrees that the Subscriber and the Subscriber’s professional advisor(s),
if any, have had the full opportunity to ask such questions, receive such answers and obtain such information as the Subscriber and the
Subscriber’s professional advisor(s), if any, have deemed necessary to make an investment decision with respect to the Securities.
The Subscriber acknowledges that no disclosure or any information received by the Subscriber has been prepared by Craig-Hallum Capital
Group LLC (the “Placement Agent”) and that the Placement Agent and its respective directors, officers, employees, representatives
and controlling persons have made no independent investigation with respect to the Company or the Securities or the accuracy, completeness
or adequacy of any information supplied to the Subscriber by the Company. The Subscriber acknowledges that it has not relied on any statements
or other information provided by the Placement Agent or any of the Placement Agent’s affiliates with respect to its decision to
invest in the Securities, including information related to the Company, the Securities and the offer and sale of the Securities. The information
provided to the Subscriber is preliminary and subject to change, and any changes to such information, including, without limitation, any
changes based on updated information or changes in terms of the Transaction, shall in no way affect the Subscriber’s obligation
to purchase the Closing Securities hereunder.

 

2.1.9 Subscriber
became aware of this offering of the Securities solely by means of direct contact from the Placement Agent or directly from the Company
as a result of a pre-exiting, substantial relationship with the Company, and the Securities were offered to Subscriber solely by direct
contact between Subscriber and the Placement Agent or the Company. Subscriber did not become aware of this offering of the Securities,
nor were the Securities offered to Subscriber, by any other means. Subscriber acknowledges that the Placement Agent has not acted as its
financial advisor or fiduciary. Subscriber acknowledges that the Company represents and warrants that the Securities (i) were not
offered by any form of general solicitation or general advertising and (ii) are not being offered in a manner involving a public
offering under, or in a distribution in violation of, the Securities Act, or any state securities laws.

 

2.1.10 Subscriber
acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Securities. Subscriber has
such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in
the Securities, and Subscriber has sought such accounting, legal and tax advice as Subscriber has considered necessary to make an informed
investment decision. Subscriber understands and acknowledges that the purchase and sale of the Securities hereunder meets (i) the exemptions
from filing under FINRA Rule 5123(b)(1)(A) and (ii) the institutional customer exemption under FINRA Rule 2111(b).

 

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2.1.11 Alone, or
together with any professional advisor(s), Subscriber represents and acknowledges that Subscriber has such knowledge and experience in
financial and business matters as to be capable of evaluating the merits and risks of the investment in the Securities, has adequately
analyzed and fully considered the risks of an investment in the Securities and determined that the Securities are a suitable investment
for Subscriber and that Subscriber is able at this time and in the foreseeable future to bear the economic risk of a total loss of Subscriber’s
investment in the Company. Subscriber further acknowledges specifically that a possibility of total loss of investment exists and that
it is able to fend for itself in the transactions contemplated herein.

 

2.1.12 Subscriber
understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the Securities or made
any findings or determination as to the fairness of this investment.

 

2.1.13 Subscriber
represents and warrants that Subscriber is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked
Persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive
Order issued by the President of the United States and administered by OFAC (“OFAC List”), or a person or entity prohibited
by any OFAC sanctions program, (ii) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515,
or (iii) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank (collectively, a “Prohibited
 Investor”). Subscriber agrees to provide law enforcement agencies, if requested thereby, such records as required
by applicable law, provided that Subscriber is permitted to do so under applicable law. Subscriber represents that if it is a financial
institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.) (the “BSA”), as amended by the USA
PATRIOT Act of 2001 (the “PATRIOT Act”), and its implementing regulations (collectively, the “BSA/PATRIOT
Act”), that Subscriber maintains policies and procedures reasonably designed to comply with applicable obligations under the
BSA/PATRIOT Act. Subscriber also represents that, to the extent required, it maintains policies and procedures reasonably designed for
the screening of its investors against the OFAC sanctions programs, including the OFAC List. Subscriber further represents and warrants
that, to the extent required, it maintains policies and procedures reasonably designed to ensure that the funds held by Subscriber and
used to purchase the Closing Securities were legally derived.

 

2.1.14 Subscriber
has, and at the Closing will have, sufficient funds to pay the Purchase Price pursuant to Section 3.1.

 

2.1.15 Subscriber
represents that no disqualifying event described in Rule 506(d)(1)(i)-(viii) under the Securities Act (a “Disqualification Event”)
is applicable to Subscriber or any of its Rule 506(d) Related Parties (as defined below), except, if applicable, for a Disqualification
Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable. Subscriber hereby agrees that it shall notify the Company
promptly in writing in the event a Disqualification Event becomes applicable to Subscriber or any of its Rule 506(d) Related Parties,
except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable. For purposes
of this Section 2.1.15, “Rule 506(d) Related Party” shall mean a person or entity that is a direct beneficial
owner of Subscriber’s securities for purposes of Rule 506(d) under the Securities Act.

 

2.2 Company’s Representations,
Warranties and Agreements. To induce Subscriber to purchase the Securities, the Company hereby represents and warrants to Subscriber
and agrees with Subscriber as follows:

 

2.2.1 The Company
has been duly organized and is validly existing and in good standing under the law of the Cayman Islands (the “Cayman Law”),
with corporate power and authority to own, lease and operate its properties and conduct its business as presently conducted and to enter
into, deliver and perform its obligations under this Subscription Agreement.

 

2.2.2 The Closing
Securities have been duly authorized and, when issued and delivered to Subscriber against full payment for the Securities in accordance
with the terms of this Subscription Agreement and, as to the Warrant Shares, the Warrants, and registered with the Company’s transfer
agent, the Securities will be validly issued, fully paid and non-assessable and the Securities will not have been authorized in violation
of or subject to any preemptive or similar rights created under the Company’s amended and restated memorandum and articles of association.

 

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2.2.3 This Subscription
Agreement has been duly authorized, executed and delivered by the Company and is enforceable against it in accordance with its terms,
except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or
other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law or
equity.

 

2.2.4 The execution,
delivery and performance of this Subscription Agreement (including compliance by the Company with all of the provisions hereof), issuance
and sale of the Securities and the consummation of the certain other transactions contemplated herein will not (i) conflict with or result
in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition
of any lien, charge or encumbrance upon any of the property or assets of the Company pursuant to the terms of any indenture, mortgage,
deed of trust, loan agreement, lease, license or other agreement or instrument to which the Company is a party or by which the Company
is bound or to which any of the property or assets of the Company is subject, which would reasonably be expected to have a material adverse
effect on the business, properties, financial condition, stockholders’ equity or results of operations of the Company (a “Material
Adverse Effect”) or materially affect the validity of the Securities or the legal authority of the Company to comply in all
material respects with the terms of this Subscription Agreement; (ii) result in any violation of the provisions of the organizational
documents of the Company; or (iii) result in any violation of any statute or any judgment, order, rule or regulation of any court
or governmental agency or body, domestic or foreign, having jurisdiction over the Company or any of its properties that would reasonably
be expected to have a Material Adverse Effect or materially affect the validity of the Securities or the legal authority of the Company
to comply in all material respects with this Subscription Agreement.

 

2.2.5 Neither the
Company, nor any person acting on its or their behalf has, directly or indirectly, made any offers or sales of any Company security or
solicited any offers to buy any security, under circumstances that would adversely affect reliance by the Company on Section 4(a)(2)
of the Securities Act for the exemption from registration for the transactions contemplated hereby or would require registration of the
Securities under the Securities Act.

 

2.2.6 Neither the
Company nor any person acting on its behalf has conducted any general solicitation or general advertising (as those terms are used in
Regulation D under the Securities Act) in connection with the offer or sale of any of the Securities.

 

2.2.7 The Company
has provided Subscriber an opportunity to ask questions regarding the Company and made available to Subscriber all the information reasonably
available to the Company that Subscriber has requested for deciding whether to acquire the Securities.

 

2.2.8 No Disqualification
Event is applicable to the Company or, to the Company’s knowledge, any Company Covered Person (as defined below), except for a Disqualification
Event as to which Rule 506(d)(2)(ii)-(iv) or (d)(3) under the Securities Act is applicable. The Company has complied, to the extent applicable,
with any disclosure obligations under Rule 506(e) under the Securities Act. “Company Covered Person” means, with respect
to the Company as an “issuer” for purposes of Rule 506 under the Securities Act, any person listed in the first paragraph
of Rule 506(d)(1) under the Securities Act.

 

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2.2.9 Until the
earliest of (i) the first date on which the undersigned can sell all of its Securities (assuming cashless exercise of the Warrants) under
Rule 144 of the Securities Act without limitation as to the manner of sale or the amount of such securities that may be sold and (ii)
two years from the Closing Date, the Company covenants to maintain the registration of the Ordinary Shares under Section 12(b) or 12(g)
of the Exchange Act of 1934, as amended (the “Exchange Act”) and to timely file (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 the Exchange
Act. At any time during the period commencing from the twelve (12) month anniversary of date the Form 10 information is filed after the
Closing (which may be no more than four business days after the Closing) the Closing and ending at such time that all of the Securities
may be sold without the requirement for the Company to be in compliance with Rule 144(c)(1) (as defined below and assuming cashless exercise
of the Warrants) and otherwise without restriction or limitation pursuant to Rule 144, if the Company shall fail for any reason to satisfy
the current public information requirement under Rule 144(c) and the Securities are not then registered for resale by the Subscriber under
the Securities Act (a “Public Information Failure”) then, in addition to such Subscriber’s other available remedies,
the Company shall pay to a Subscriber, in cash, as partial liquidated damages and not as a penalty, by reason of any such delay in or
reduction of its ability to sell the Securities, an amount in cash equal to one (1%) of the aggregate Purchase Price of the Securities
then held by Subscriber on the day of a Public Information Failure and on every thirtieth (30th) day (pro-rated for periods
totaling less than thirty days) (“Monthly Liquidated Damage”) thereafter until the earlier of (a) the date such Public
Information Failure is cured and (b) such time that such public information is no longer required  for the Subscriber to transfer
the (assuming cashless exercise of the Warrants) pursuant to Rule 144; provided that in no event shall the Monthly Liquidated Damage hereunder
plus the monthly liquidated damage defined in the Registration Rights Agreement shall exceed one (1%) of the aggregate Purchase Price
of the Securities then held by Subscriber still owned by the Subscriber.  The payments to which the Subscriber shall be entitled
pursuant to this Section 2.2.9 are referred to herein as “Public Information Failure Payments.”  Public
Information Failure Payments shall be paid on the last day of the calendar month during which such Public Information Failure Payments
are incurred. In no event shall the Company be required hereunder and under the Registration Rights Agreement to pay to such Subscriber
an aggregate amount that exceeds 6.0% of the aggregate Purchase Price paid by such Subscriber for the Securities then held by Subscriber.
The Company may suspend the use of any such registration statement if it determines that in order for the registration statement to not
contain a material misstatement or omission, an amendment thereto would be needed to include information that would at that time not otherwise
be required in a current, quarterly, or annual report under the Exchange Act, as amended; provided, that, the Company shall use commercially
reasonable efforts to make such registration statement available for the sale by the undersigned of such securities as soon as practicable
thereafter.

 

2.2.10 Following
the Disclosure Time (as defined in Section 7) or otherwise as required by applicable law, the Company covenants and agrees that neither
it, nor any other Person acting on its behalf will provide any Subscriber or its agents or counsel with any information that constitutes,
or the Company reasonably believes constitutes, material non-public information, unless prior thereto the Subscriber shall have consented
to the receipt of such information and agreed with the Company to keep such information confidential. The Company understands and confirms
that the Subscriber shall be relying on the foregoing covenant in effecting transactions in securities of the Company; provided, that
each Subscriber shall be solely responsible for its compliance with federal securities laws.

 

2.2.11 From the
date hereof until 60 days after the date Effective Date (as defined in Section 4.3), neither the Company nor any Subsidiary shall issue,
enter into any agreement to issue or announce the issuance or proposed issuance of any Ordinary Shares or Ordinary Share Equivalents.
Notwithstanding the foregoing, this Section 2.2.11 shall not apply in respect of an Exempt Issuance. “Ordinary Share Equivalents”
means any securities of the Company or the subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares,
including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into
or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares. “Exempt Issuance”
means the issuance of (a) Ordinary Shares or options to employees, officers or directors of the Company pursuant to any stock or option
plan duly adopted for such purpose, by the board of directors of the Company, (b) securities exercisable or exchangeable for or convertible
into Ordinary Shares issued and outstanding as of the Closing Date or issued pursuant to clause (d) below, provided that such securities
have not been amended since the date of the Closing to increase the number of such securities or to decrease the exercise price, exchange
price or conversion price of such securities (other than in connection with stock splits or combinations) or to extend the term of such
securities, (c) equity securities issued pursuant to acquisitions or strategic transactions approved by the board of directors of the
Company, provided that such securities are issued as “restricted securities” (as defined in Rule 144) and carry no registration
rights that require or permit the filing of any registration statement in connection therewith during the prohibition period in this Section
2.2.11, and provided that any such issuance shall only be to a counterparty (or to the equityholders of a counterparty) which is,
itself or through its subsidiaries, an operating company or an owner of an asset in a business synergistic with the business of the Company
and shall provide to the Company additional benefits in addition to the investment of funds, but shall not include a transaction in which
the Company is issuing securities primarily for the purpose of raising capital or to an entity whose primary business is investing in
securities, (d) shares and securities issued in connection with the Transaction and (e) up to $5.0 million of Ordinary Shares issuable
pursuant to Other Subscription Agreements on the same terms and conditions hereunder entered into after the date hereof and prior to the
earlier of (i) the initial filing of the registration statement required pursuant to the Registration Rights Agreement and (ii) the Filing
Date (as defined in the Registration Rights Agreement).

 

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2.2.12 As of the
date of this Subscription Agreement, the authorized capital stock of the Company consists of 100,000,000 ordinary shares and 1,000,000
preference shares. As of the date of this Subscription Agreement, 7,460,000 shares of Common Stock are issued and outstanding, (ii) no
preference shares are issued (iii) 2,875,000 shares are reserved for issuance upon exercise of outstanding Warrants, (iv) 575,000 shares
of Common Stock are reserved for issuance upon conversion of rights (“Option Rights”) to receive one-tenth (1/10) of
a share of Common Stock, and (v) 440,000 shares of Common Stock of which are reserved for issuance upon the exercise of the option issued
to Chardan Capital Markets LLC (and/or its designee) to purchase up to an aggregate of 275,000 units consisting of one share of Common
Stock, a warrant to purchase one-half of a shares of Common Stock, and one right (collectively, a “Unit”) at a price
of $11.50 per Unit. All (i) issued and outstanding Ordinary Shares have been duly authorized and validly issued, are fully paid and are
non-assessable and are not subject to preemptive rights and (ii) outstanding Rights and Warrants have been duly authorized and validly
issued, and are binding obligations of the Company, enforceable against the Company in accordance with their terms, except as may be limited
or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to
or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law or equity. As of the date
hereof, except as set forth above pursuant to the organizational documents of the Company, the Other Subscription Agreements, and any
promissory notes that may be issued by the Company’s sponsor to the Company for working capital purposes, and other than as contemplated
by the Transaction Agreement, there are no outstanding options, warrants or other rights to subscribe for, purchase or acquire from the
Company any Ordinary Shares or other equity interests in the Company, or securities convertible into or exchangeable or exercisable for
such equity interests. As of the date hereof, other than the subsidiary created for purposes of the Transaction, the Company has no subsidiaries
and does not own, directly or indirectly, interests or investments (whether equity or debt) in any person, whether incorporated or unincorporated.
There are no stockholder agreements, voting trusts or other agreements or understandings to which the Company is a party or by which it
is bound relating to the voting of any securities of the Company, other than (A) as set forth in the Company’s filings with the
Securities and Exchange Commission (the “Commission”), together with any amendments, restatements or supplements thereto
(the “SEC Documents”) and (B) as contemplated by the Transaction Agreement. Except as disclosed in the SEC Documents,
the Company had no outstanding indebtedness and will not have any outstanding long-term indebtedness as of immediately prior to the Closing.

 

3. Settlement Date and
Delivery.

 

3.1 Closing. The closing
of the Subscription contemplated hereby (the “Closing”) is contingent upon the substantially concurrent consummation
of the Transaction. The Closing shall occur on the closing date of, and immediately prior to, the consummation of the Transaction. Upon
not less than three (3) business days’ written notice from (or on behalf of) the Company to Subscriber (the “Closing
Notice”) that the Company reasonably expects all conditions to the closing of the Transaction to be satisfied on a date that
is not less than three (3) business days from the date of the Closing Notice, Subscriber shall deliver to an independent third party
escrow agent to the Closing selected by the Placement Agent and reasonably acceptable to the Company (the “Escrow Agent”),
at least one (1) business day prior to the closing date specified in the Closing Notice (the “Closing Date”),
to be held in escrow until the Closing pursuant to the terms of that certain Escrow Agreement entered into prior to the Closing Date,
by and among the Company, the Escrow Agent and the Placement Agent (the “Escrow Agent”), the Purchase Price for the
Closing Securities by wire transfer of United States dollars in immediately available funds to the account specified by the Escrow Agent
in the Closing Notice against delivery by the Company to Subscriber of the Closing Securities in book-entry form (or in certificated form
if indicated by the Subscriber on the Subscriber’s signature page hereto). In the event the Closing does not occur within two (2)
business days of the Closing Date, the Escrow Agent shall promptly (but not later than two (2) business days thereafter) return the
Purchase Price = to Subscriber otherwise pursuant to the terms of the Escrow Agreement.

 

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3. Conditions to Closing.

 

3.2.1 The Closing
shall be subject to the satisfaction or valid waiver by the Company, on the one hand, or the Subscriber, on the other, of the conditions
that, on the Closing Date:

 

(i) No suspension
of the qualification of the Securities for offering or sale or trading in any jurisdiction, or initiation or threatening of any proceedings
for any of such purposes, shall have occurred.

 

(ii) No governmental
authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, rule or regulation (whether temporary, preliminary
or permanent) which is then in effect and has the effect of making consummation of the transactions contemplated hereby illegal or otherwise
preventing or prohibiting consummation of the transactions contemplated hereby.

 

(iii) All conditions
precedent to the consummation of the Transaction set forth in the Transaction Agreement shall have been satisfied or waived by the parties
thereto (other than those conditions that, by their nature, may only be satisfied at the consummation of the Transaction, but subject
to satisfaction of such conditions as of the consummation of the Transaction).

 

(iv) No Material Adverse
Effect (as defined in the Transaction Agreement) shall have occurred between the date of the Transaction Agreement and the Closing Date
that is continuing.

 

3.2.2 The obligation
of the Company to consummate the Closing shall be subject to the satisfaction or valid waiver by the Company of the additional conditions
that, on the Closing Date:

 

(i) All representations
and warranties of the Subscriber contained in this Subscription Agreement shall be true and correct in all material respects as of the
Closing Date (other than those representations and warranties expressly made as of an earlier date, which shall be true and correct in
all material respects as of such date), and consummation of the Closing shall constitute a reaffirmation by Subscriber of each of the
representations, warranties and agreements contained in this Subscription Agreement as of the Closing Date (other than those representations
and warranties expressly made as of an earlier date, which shall be true and correct in all material respects as of such date).

 

(ii) The Subscriber
shall have performed or complied in all material respects with all agreements and covenants required by this Subscription Agreement.

 

(iii) The Subscriber
shall have delivered a duly executed Registration Rights Agreement in the form of Exhibit A attached hereto (“Registration
Rights Agreement”).

 

3.2.3 The obligation
of the Subscriber to consummate the Closing shall be subject to the satisfaction or valid waiver by the Subscriber of the additional conditions
that, on the Closing Date:

 

(i) All representations
and warranties of the Company contained in this Subscription Agreement shall be true and correct in all material respects as of the Closing
Date (other than those representations and warranties expressly made as of an earlier date, which shall be true and correct in all material
respects as of such date), and consummation of the Closing shall constitute a reaffirmation by the Company of each of the representations,
warranties and agreements contained in this Subscription Agreement as of the Closing Date (other than those representations and warranties
expressly made as of an earlier date, which shall be true and correct in all material respects as of such date).

 

(ii) The Company shall
have performed or complied in all material respects with all agreements and covenants required by this Subscription Agreement.

 

(iii) The Company
shall have delivered a duly executed Registration Rights Agreement.

 

    8

     

    

 

(iv) The Company shall
have filed with the Nasdaq Capital Market (“Nasdaq”) a notice of the listing of the Ordinary Shares purchased hereunder
(including the Warrant and the Warrant Shares) and Nasdaq shall have raised no objection with respect thereto.

 

(v) The Transaction
Agreement (as the same exists on the date of this Subscription Agreement) shall not have been amended to materially adversely affect the
economic benefits that the Subscriber would reasonably expect to receive under this Subscription Agreement without having received prior
written consent as described in Section 6.5.

 

(vi) All conditions
precedent to the closing of the Transaction set forth in the Transaction Agreement shall have been satisfied or waived by the parties
thereto (other than those conditions that may only be satisfied at the closing of the Transaction, but subject to the satisfaction or
waiver of such conditions as of the closing of the Transaction).

 

4. Transfer Restrictions.

 

4.1 The Securities
may only be resold, transferred, pledged or otherwise disposed of in compliance with state and federal securities laws. In connection
with any transfer of Securities other than pursuant to an effective registration statement, Rule 144 under the Securities Act (“Rule
144”) or pursuant to another applicable exemption from the registration requirements of the Securities Act, to the Company or
to an affiliate of the Subscriber, the Company may require the transferor thereof to provide to the Company an opinion of counsel selected
by the transferor and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to
the Company, to the effect that such transfer does not require registration of such transferred Securities under the Securities Act. As
a condition of transfer, any such transferee shall agree in writing to be bound by the terms of this Subscription Agreement and the Registration
Rights Agreement and shall have the rights and obligations of the Subscriber under this Agreement and the Registration Rights Agreement.

 

4.2 The Company
acknowledges and agrees that the Subscriber may from time to time pledge pursuant to a bona fide margin agreement with a registered broker-dealer
or grant a security interest in some or all of the Securities to a financial institution that is an “accredited investor”
as defined in Rule 501(a) under the Securities Act and, if required under the terms of such arrangement, the Subscriber may transfer pledged
or secured Securities to the pledgees or secured parties. Such a pledge or transfer would not be subject to approval of the Company and
no legal opinion of legal counsel of the pledgee, secured party or pledgor shall be required in connection therewith; further, no notice
shall be required of such pledge; provided that the Subscriber and its pledgee shall be required to comply with other provisions
of Section 4 hereof in order to effect a sale, transfer or assignment of the Securities to such pledgee. At the Subscriber’s expense,
the Company will execute and deliver such reasonable documentation as a pledgee or secured party of Securities may reasonably request
in connection with a pledge or transfer of the Securities.

 

4.3 The Subscriber
agrees to the imprinting, so long as is required by this Section 4, of a legend on any of the Securities in the following
form:

 

THIS SECURITY HAS
NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED
OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR
IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS.

 

4.4 Subject to applicable
requirements of the Securities Act and the interpretations of the Commission thereunder and any requirements of the Company’s transfer
agent, the Company shall use commercially reasonable efforts to ensure that instruments, whether certificated or uncertificated, evidencing
the Securities shall not contain any legend (including the legend set forth in Section 4.3 hereof), (i) while a registration
statement covering the resale of such Securities is effective under the Securities Act, (ii) following any sale of such Securities pursuant
to Rule 144, (iii) if such Securities are eligible for sale under Rule 144 (assuming cashless exercise of the Warrants), without the requirement
for the Company to be in compliance with the current public information required under Rule 144 and without volume or manner-of-sale restrictions,
and in each case, the Subscriber provides the Company with an undertaking to effect any sales or other transfers in accordance with the
Securities Act, or (iv) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations
and pronouncements issued by the staff of the Commission) (the earliest of such dates, the “Effective Date”).

 

    9

     

    

 

4.5 The Subscriber
agrees with the Company that the Subscriber will sell any Securities pursuant to either the registration requirements of the Securities
Act, including any applicable prospectus delivery requirements, or an exemption therefrom, and that if Securities are sold pursuant to
a registration statement, they will be sold in compliance with the plan of distribution set forth therein, and acknowledges that the removal
of the restrictive legend from instruments representing Securities as set forth in this Section 4 is predicated upon the Company’s
reliance upon this understanding.

 

5. Termination. Except
for the provisions of Sections 5, 6 and 8, which shall survive any termination hereunder, this Subscription Agreement shall terminate
and be void and of no further force and effect, and all rights and obligations of the parties hereunder shall terminate without any further
liability on the part of any party in respect thereof, upon the earlier to occur of (i) such date and time as the Transaction Agreement
is terminated in accordance with its terms, (ii) upon the mutual written agreement of each of the parties hereto pursuant to Section
6.4 to terminate this Subscription Agreement, (iii) if any of the conditions to Closing set forth in Section 3.2 of this Subscription
Agreement are not satisfied or waived on or prior to the Closing and, as a result thereof, the transactions contemplated by this Subscription
Agreement are not consummated at the Closing or (iv) if the Closing shall not have occurred on or before _______________2021; provided,
that, subject to the limitations set forth in Section 8, nothing herein will relieve any party from liability for any willful breach
hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities
or damages arising from such breach. The Company shall promptly notify Subscriber of the termination of the Transaction Agreement promptly
after the termination of such agreement.

 

6. Miscellaneous.

 

6.1 Further Assurances.
At the Closing, the parties hereto shall execute and deliver such additional documents and take such additional actions as the parties
reasonably may deem to be practical and necessary in order to consummate the Subscription as contemplated by this Subscription Agreement.

 

6.1.1 Subscriber
acknowledges that the Company, the Placement Agent and others will rely on the acknowledgments, understandings, agreements, representations
and warranties contained in this Subscription Agreement. Prior to the Closing, Subscriber agrees to promptly notify the Company if any
of the acknowledgments, understandings, agreements, representations and warranties set forth herein are no longer accurate in all material
respects. Subscriber further acknowledges and agrees that the Placement Agent are third-party beneficiaries of the representations and
warranties of the Subscriber contained in Section 2.1 of this Subscription Agreement.

 

6.1.2 The Company
is entitled to rely upon this Subscription Agreement and is irrevocably authorized to produce this Subscription Agreement or a copy hereof
to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.

 

6.1.3 The Company
may request from Subscriber such additional information as the Company may deem necessary to evaluate the eligibility of Subscriber to
acquire the Securities, and Subscriber shall use reasonable best efforts to provide such information as may be reasonably requested, to
the extent readily available and to the extent consistent with its internal policies and procedures.

 

6.1.4 Subscriber
shall pay all of its own expenses in connection with this Subscription Agreement and the transactions contemplated herein.

 

6.2 Notices. Any notice
or communication required or permitted hereunder shall be in writing and either delivered personally, emailed or sent by overnight mail
via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall be deemed to be given and received
(i) when so delivered personally, (ii) when sent, with no mail undeliverable or other rejection notice, if sent by email, or
(iii) three (3) business days after the date of mailing to the address below or to such other address or addresses as such person
may hereafter designate by notice given hereunder:

 

(i) if to Subscriber, to
such address or addresses set forth on the signature page hereto;

 

    10

     

    

 

(ii) if to the Company (prior
to the Transaction closing), to:

 

Room 801, Building C

SOHO Square, No. 88

Zhongshan East 2nd Road, Huangpu District

Shanghai, China, 200002

 

Attention:

E-mail:

 

with a required copy to (which copy shall
not constitute notice):

 

Loeb & Loeb LLP

345 Park Avenue, 19th Floor

New York, NY 10154

Attention: Giovanni Caruso

E-mail: gcaruso@loeb.com

 

(iii) if to the Company (following the Transaction
closing), to:

 

Attention:

E-mail:

 

with a required copy to (which copy shall
not constitute notice):

 

Attention:

E-mail:

 

6.3 Entire Agreement.
This Subscription Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations
and warranties, both written and oral, among the parties, with respect to the subject matter hereof. Except as otherwise expressly set
forth in Section 6.1.1, this Subscription Agreement shall not confer rights or remedies upon any person other than the parties hereto
and their respective successors and assigns.

 

6.4 Modifications and Amendments.
This Subscription Agreement may be modified or terminated by (and only by) an instrument in writing, signed by the Company and a majority
in interest of, collectively, the Subscriber and subscribers party to the Other Subscription Agreements.

 

6.5 Waivers and Consents.
The terms and provisions of this Subscription Agreement may be waived, or consent for the departure therefrom granted, by (and only by)
a written document executed by the Company and a majority in interest of, collectively, the Subscriber and subscribers party to the Other
Subscription Agreements. No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other
terms or provisions of this Subscription Agreement, whether or not similar. Each such waiver or consent shall be effective only in the
specific instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent.

 

    11

     

    

 

6.6 Assignment. Neither
this Subscription Agreement nor any rights that may accrue to Subscriber hereunder (other than the Securities acquired hereunder, if any)
may be transferred or assigned; provided, however, Subscriber may transfer its rights and obligations hereunder to another
investment fund or account managed or advised by the same manager as Subscriber (or a related party or affiliate), provided, that
no such transfer shall release Subscriber of its obligations hereunder.

 

6.7 Benefit. Except
as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties hereto and their
heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations, warranties,
covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs, executors, administrators,
successors, legal representatives and permitted assigns.

 

6.8 Governing Law.
This Subscription Agreement, and any claim or cause of action hereunder based upon, arising out of or related to this Subscription Agreement
(whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution, performance or enforcement
of this Subscription Agreement, shall be governed by and construed in accordance with the laws of the State of New York, without giving
effect to the principles of conflicts of law thereof.

 

6.9 Consent to Jurisdiction;
Waiver of Jury Trial. The parties hereto agree to submit any matter or dispute resulting from or arising out of the execution, performance,
interpretation, breach or termination of this Agreement to the non-exclusive jurisdiction of federal or state courts within the State
of New York. Each of the Parties agrees that service of any process, summons, notice or document in the manner set forth in Section 6.2
hereof or in such other manner as may be permitted by applicable law, shall be effective service of process for any proceeding in the
State of New York with respect to any matters to which it has submitted to jurisdiction in this Section 6.9. Each of the parties hereto
irrevocably and unconditionally agrees that it is subject to, and hereby submits to, the personal jurisdiction of the courts located in
the State of New York for any action, suit or proceeding arising out of this Subscription Agreement or the transactions contemplated hereunder
and waives any objection to the laying of venue in the United States District Court for the Southern District of New York, or the New
York state courts if the federal jurisdictional standards are not satisfied, and hereby further irrevocably and unconditionally waives
and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought
in an inconvenient forum. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ITS RIGHTS
TO A TRIAL BY JURY.

 

 

6.10 Severability.
If any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability of
the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired thereby and shall continue in full
force and effect.

 

6.11 No Waiver of Rights,
Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under this Subscription Agreement,
and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single
or partial exercise of any right, power or remedy under this Subscription Agreement by a party hereto, nor any abandonment or discontinuance
of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise
of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver of the right
of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Subscription Agreement
shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other circumstances or
constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without
such notice or demand.

 

6.12 Survival of Representations
and Warranties. All representations and warranties made by the parties hereto in this Subscription Agreement or in any other agreement,
certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations
made by or on behalf of the parties.

 

6.13 Expenses. Except
for placement fees equal to 6% of gross proceeds payable to the Placement Agent, the Company has not paid, and is not obligated to pay,
any brokerage, finder’s or other fee or commission in connection with its issuance and sale of the Securities, including, for the
avoidance of doubt, any fee or commission payable to any stockholder or affiliate of the Company. Each of the parties hereto shall pay
all of its own expenses in connection with this Subscription Agreement and the transactions contemplated hereby.

 

    12

     

    

 

6.14 Headings and Captions.
The headings and captions of the various subdivisions of this Subscription Agreement are for convenience of reference only and shall in
no way modify or affect the meaning or construction of any of the terms or provisions hereof.

 

6.15 Counterparts.
This Subscription Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one and
the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being
understood that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission
or any other form of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

6.16 Construction.
The words “include,” “includes,” and “including” will be deemed to be followed
by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other
gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires.
The words “this Subscription Agreement,” “herein,” “hereof,” “hereby,”
“hereunder,” and words of similar import refer to this Subscription Agreement as a whole and not to any particular
subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will
have independent significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect,
the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative
levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in
breach of the first representation, warranty, or covenant.

 

6.17 Mutual Drafting.
This Subscription Agreement is the joint product of Subscriber and the Company and each provision hereof has been subject to the mutual
consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

7. Disclosure. The
Subscriber hereby acknowledges that the terms of this Subscription Agreement and the Transaction Agreement will be disclosed by the Company
in a Current Report on Form 8-K filed with the SEC (the time of such filing, “Disclosure Time”) and a form of this
Subscription Agreement and the Transaction Agreement will be filed with the SEC as an exhibit thereto. From and after the Disclosure Time,
the Company represents to the Subscriber that it shall have publicly disclosed all material, non-public information delivered to the Subscriber
by the Company or any of its officers, directors, employees or agents in connection with the transactions contemplated by the Subscription
Agreement and the Transaction Agreement. In addition, effective upon the Disclosure Time, the Company acknowledges and agrees that any
and all confidentiality or similar obligations under any agreement, whether written or oral, between the Company or any of its officers,
directors, agents, employees or affiliates on the one hand, and any of the Subscribers or any of their affiliates on the other hand, shall
terminate.

 

8. Trust Account Waiver.
Subscriber acknowledges that the Company is a blank check company with the powers and privileges to effect a merger, asset acquisition,
reorganization or similar business combination involving the Company and one or more businesses or assets. Subscriber further acknowledges
that, as described in the Company’s prospectus relating to its initial public offering (“IPO”) dated February
13, 2020 (the “Prospectus”) available at www.sec.gov, substantially all of the Company’s assets consist of the
cash proceeds of Company’s initial public offering and private placements of its securities, and substantially all of those proceeds
have been deposited in a trust account (the “Trust Account”) for the benefit of Company, its public shareholders and
the underwriters of Company’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account
that may be released to Company to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes
set forth in the Prospectus. For and in consideration of the Company entering into this Subscription Agreement, the receipt and sufficiency
of which are hereby acknowledged, Subscriber, on behalf of itself and its representatives, hereby irrevocably waives any and all right,
title and interest, or any claim of any kind they have or may have in the future, in or to any monies held in the Trust Account, and agrees
not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement; provided, however,
that nothing in this Section 8 shall be deemed to limit any Subscriber’s right, title, interest or claim to the Trust Account
by virtue of such Subscriber’s record or beneficial ownership of securities of the Company acquired by any means other than pursuant
to this Subscription Agreement, including but not limited to any redemption right with respect to any such securities of the Company.

 

[Signature Page Follows]

 

    13

     

    

 

IN WITNESS WHEREOF, each of the Company and Subscriber
has executed or caused this Subscription Agreement to be executed by its duly authorized representative as of the date set forth below.

 

	 	NEWBORN ACQUISITION CORP.
	 	 	 
	 	By:	                
	 	Name:
	 	Title:

  

	 	Acknowledged:
	 	 	 
	 	NUVVE CORPORATION
	 	 	 
	 	By:	
                
	 	Name:
	 	Title:

 

	Accepted and agreed this __th day of [____], 2020.

 

	

SUBSCRIBER:	 	 
	 	 	 
	Signature of Subscriber:	 	Signature of Joint Subscriber, if applicable:
	 	 	 	 
	By:	                              	 	By:	                     
	Name:	 	Name:
	Title:	 	Title:
	 	 	 
	Date: [•], 2020	 	 
	 	 	 
	Name of Subscriber:	 	Name of Joint Subscriber, if applicable:
	 	 	 
	 	 	 
	(Please print.
Please indicate name and capacity of person signing above)	 	
    

    (Please Print. Please indicate name and capacity of person signing
    above)

	 	 	 
	 	 	 
	Name in which
securities are to be registered (if different from the name of Subscriber listed directly above):	 	 
	 	 	 
	Email Address:	 	 
	 	 	 
	If there are joint investors, please check one:	 	 
	 	 	 
	☐   Joint Tenants with Rights of Survivorship	 	 
	 	 	 
	☐   Tenants-in-Common 	 	 
	 	 	 
	☐   Community Property	 	 
	 	 	 
	Subscriber’s EIN: __________________________	 	Joint Subscriber’s EIN: ________________
	 	 	 
	Business Address-Street:	 	Mailing Address-Street (if different):
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	City, State,
Zip:	 	
    

    City, State, Zip:

 

	Attn:	 	Attn:
	 	 
	Telephone No.: __________________________	 	Telephone No.: _____________________
	 	 
	Facsimile No.: __________________________	 	Facsimile No.: ______________________
	 	 
	
    Aggregate Number of Securities subscribed for:

     

    Aggregate Number of Warrants:
	 	 
	 
	
    Aggregate Purchase Price: $ 

 

You must pay the Purchase Price by wire transfer of U.S. dollars in
immediately available funds to the account specified by the Company in the Closing Notice.

 

If Subscriber wants certificated Securities rather than book-entry
form, indicate here: _____

  

14Exhibit 10.7

 

REGISTRATION RIGHTS AGREEMENT

 

This Registration Rights Agreement (this
“Agreement”) is made and entered into as of __________, 2020 between Newborn Acquisition Corp., a Cayman Islands
exempted company (the “Company”), and each of the several subscribers signatory hereto (each such Subscriber,
a “Subscriber” and, collectively, the “Subscribers”).

 

This Agreement is
made pursuant to the Subscription Agreements between the Company and each of the Subscribers signatory thereto (collectively, the
“Subscription Agreements”).

 

The Company and each
Subscriber hereby agrees as follows:

 

1. Definitions.

 

Capitalized terms
used and not otherwise defined herein that are defined in the Subscription Agreements shall have the meanings given such terms
in the Subscription Agreements. As used in this Agreement, the following terms shall have the following meanings:

 

“Advice”
shall have the meaning set forth in Section 6(d).

 

“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.

 

“Closing
Date” means the date on which the transactions contemplated pursuant to the Subscription Agreements have been consummated.

 

“Effectiveness
Date” means, with respect to the Initial Registration Statement required to be filed hereunder, provided that the Registrable
Securities are not included on the Merger Registration Statement, the 60th calendar day following the Closing Date (or,
in the event the Commission notifies the Company that it will “review” the Registration Statement, the 90th
calendar day following the date hereof) and with respect to any additional Registration Statements which may be required pursuant
to Section 2(c) or Section 3(c), the 90th calendar day following the date on which an additional Registration Statement
is required to be filed hereunder; provided, however, if such Effectiveness Date falls on a day that is not a Business
Day, then the Effectiveness Date shall be the next succeeding business day; provided, further, that if the Commission is closed
for operations due to a government shutdown, the Effectiveness Date shall be extended by the same amount of days that the Commission
remains closed for operations.

 

     

     

    

 

“Effectiveness
Period” shall have the meaning set forth in Section 2(a).

 

“Event”
shall have the meaning set forth in Section 2(d).

 

“Event
Date” shall have the meaning set forth in Section 2(d).

 

“Filing
Date” means, if the Registrable Securities are not included on the Merger Registration Statement, with respect to the
Initial Registration Statement required hereunder, the 10th Business Day following the date on which the Company first
files the Proxy Statement with the Commission and, with respect to any additional Registration Statements which may be required
pursuant to Section 2(c) or Section 3(c), the earliest practical date on which the Company is permitted by SEC Guidance to file
such additional Registration Statement related to the Registrable Securities; provided, however, that if the Commission
is closed for operations due to a government shutdown, the Effectiveness Date shall be extended by the same amount of days that
the Commission remains closed for operations.

 

“Holder”
or “Holders” means the holder or holders, as the case may be, from time to time of Registrable Securities.

 

“Indemnified
Party” shall have the meaning set forth in Section 5(c).

 

“Indemnifying
Party” shall have the meaning set forth in Section 5(c).

 

“Initial
Registration Statement” means, if the Registrable Securities are not included on the Merger Registration Statement, the
initial Registration Statement filed pursuant to this Agreement.

 

“Losses”
shall have the meaning set forth in Section 5(a).

 

“Merger
Registration Statement” means a registration statement on Form S-4 filed by the Company with the Commission in compliance
with the Securities Act and the rules and regulations promulgated thereunder for the purpose of registering the securities to be
issued in connection with the Transaction.

 

“Person”
means any individual, corporation, partnership, joint venture, limited liability company, estate, trust, unincorporated association,
any federal, state, county or municipal government or any bureau, department or agency thereof and any fiduciary acting in such
capacity on behalf of any of the foregoing.

 

“Plan
of Distribution” shall have the meaning set forth in Section 2(a).

 

    2

     

    

 

“Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
by the Commission pursuant to the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the
terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments
and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to
be incorporated by reference in such Prospectus.

 

“Proxy
Statement” means the preliminary proxy statement to be used for the purpose of soliciting proxies from holders of the
Company for the matters to be acted upon at the stockholder meeting approving the Transaction.

 

“Registrable
Securities” means, as of any date of determination, (a) all Shares, (b) all Warrants, (c) all Warrant Shares, and (d)
any securities issued or then issuable upon any stock split, dividend or other distribution, recapitalization or similar event
with respect to the foregoing; provided, however, that any such Registrable Securities shall cease to be Registrable Securities
(and the Company shall not be required to maintain the effectiveness of any, or file another, Registration Statement hereunder
with respect thereto) (i) if they have been sold thereunder or pursuant to Rule 144, (ii) if it has been two years from the Closing
Date, or (iii) for so long as they may be sold pursuant to Rule 144 without volume or manner-of-sale restrictions and without current
public information (including pursuant to Rule 144(i)(2)) (assuming cashless exercise of the Warrants), as reasonably determined
by the counsel to the Company.

 

“Registration
Statement” means any registration statement required to be filed hereunder pursuant to Section 2(a) and any additional
registration statements contemplated by Section 2(c) or Section 3(c), including (in each case) the Prospectus, amendments and supplements
to any such registration statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto, and all material
incorporated by reference or deemed to be incorporated by reference in any such registration statement.

 

“Rule
144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose
and effect as such Rule.

 

“Rule
415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose
and effect as such Rule.

 

“Rule
424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose
and effect as such Rule.

 

    3

     

    

 

“SEC
Guidance” means (i) any publicly-available written or oral guidance of the Commission staff, or any comments, requirements
or requests of the Commission staff and (ii) the Securities Act and the rules and regulations promulgated thereunder.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

“Selling
Stockholder Questionnaire” shall have the meaning set forth in Section 3(a).

 

“Shares”
means the Ordinary Shares purchased by the Subscribers pursuant to the Subscription Agreements.

 

2. Shelf Registration.

 

(a) On or
prior to each Filing Date, if the Registrable Securities are not included on the Merger Registration Statement, the Company shall
prepare and file with the Commission a Registration Statement covering the resale of all of the Registrable Securities that are
not then registered on an effective Registration Statement for an offering to be made on a continuous basis pursuant to Rule 415.
Each Registration Statement (other than the Merger Registration Statement) filed hereunder shall contain (unless otherwise directed
by at least 51% in interest of the Holders) substantially the “Plan of Distribution” attached hereto as Annex
A and substantially the “Selling Stockholder” section attached hereto as Annex B; provided,
however, that no Holder shall be required to be named as an “underwriter” without such Holder’s express
prior written consent. Subject to the terms of this Agreement, the Company shall use its commercially reasonable efforts to cause
a Registration Statement filed under this Agreement (including, without limitation, under Section 3(c)) to be declared effective
under the Securities Act on the date that the Transaction is consummated and shall use its commercially reasonable efforts to keep
such Registration Statement continuously effective under the Securities Act until the earliest of the following: (i) the date that
all Registrable Securities covered by such Registration Statement have been sold thereunder or pursuant to Rule 144, (ii) the date
that all Registrable Securities covered by such Registration Statement may be sold pursuant to Rule 144 without volume or manner-of-sale
restrictions and without current public information (including pursuant to Rule 144(i)(2)) (assuming cashless exercise of the Warrants),
as reasonably determined by the counsel to the Company; or (iii) the date that is two years from the Closing Date (the “Effectiveness
Period”). The Company shall request effectiveness of a Registration Statement as of 5:00 p.m. Eastern Time on a Business
Day. The Company shall promptly notify the Holders via facsimile or by e-mail of the effectiveness of a Registration Statement
on the same Business Day that the Company telephonically confirms effectiveness with the Commission, which shall be the date requested
for effectiveness of such Registration Statement. Other than the Merger Registration Statement, the Company shall, by 9:30 a.m.
Eastern Time on the second Business Day after the effective date of such Registration Statement, file a final Prospectus with the
Commission as required by Rule 424. Nevertheless, the Company’s obligations to include the Registrable Securities in the
Registration Statement are contingent upon Subscriber furnishing in writing to the Company such other information regarding Subscriber,
the securities of the Company held by Subscriber and, other than the Merger Registration Statement, the intended method of disposition
of the Registrable Securities as shall be reasonably requested by the Company to effect the registration of the Registrable Securities,
and Subscriber shall execute such documents in connection with such registration as the Company may reasonably request that are
customary of a selling stockholder in similar situations.

 

    4

     

    

 

(b) Notwithstanding
the registration obligations set forth in Section 2(a) and to the extent that all of the Registrable Securities are not registered
pursuant to the Merger Registration Statement, if the Commission informs the Company that the resale of all of the Registrable
Securities as a secondary offering cannot, as a result of the application of Rule 415, be registered on a single registration statement,
the Company agrees to promptly inform each of the Holders thereof and use its commercially reasonable efforts to file amendments
to the Initial Registration Statement as required by the Commission, covering the maximum number of Registrable Securities permitted
to be registered by the Commission.

 

(c) Notwithstanding
any other provision of this Agreement, if the Commission or any SEC Guidance sets forth a limitation on the number of Registrable
Securities permitted to be registered on a particular Registration Statement, the number of Registrable Securities to be registered
on such Registration Statement will be reduced pro rata among all such selling shareholders whose securities are included in such
Registration Statement.

 

In the event of a cutback hereunder,
the Company shall give the Holder at least five (5) Business Days prior written notice along with the calculations as to such Holder’s
allotment. In the event the Company amends the Initial Registration Statement in accordance with the foregoing, the Company will
use its commercially reasonable efforts to file with the Commission, as promptly as allowed by Commission or SEC Guidance provided
to the Company, one or more registration statements to register the resale of those Registrable Securities that were not registered
on the Merger Registration Statement or Initial Registration Statement, as amended.

 

    5

     

    

 

(d) Provided
that the Registrable Securities are not included on the Merger Registration Statement, if: (i) the Initial Registration Statement
is not filed on or prior to the Closing Date, (ii) a Registration Statement registering for resale all of the Registrable Securities
(subject to paragraphs (b) and (c) above) is not declared effective by the staff of the Commission by the Effectiveness Date, (iii)
after the effective date of a Registration Statement, (A) such Registration Statement ceases for any reason to remain continuously
effective as to all Registrable Securities included in such Registration Statement, or (B) the Holders are otherwise not permitted
to utilize the Prospectus therein to resell such Registrable Securities (in each case, subject to paragraphs (b) and (c) above),
for more than fifteen (15) consecutive calendar days or more than an aggregate of twenty (20) calendar days (which need not be
consecutive calendar days) during any 12-month period (any such failure or breach specified in the immediately preceding clauses
(i) through (iii) being referred to as an “Event”, and for purposes of such clauses, the date on which such
Event occurs, an “Event Date”), then, in addition to any other rights the Holders may have hereunder or under
applicable law, on each such Event Date and on each monthly anniversary of each such Event Date (if the applicable Event shall
not have been cured by such date) until the applicable Event is cured, the Company shall pay to each Holder an amount in cash,
as partial liquidated damages and not as a penalty, equal to the product of 1.0% multiplied by the aggregate Subscription Amount
paid by such Holder pursuant to the Subscription Agreements for the Registrable Securities then held by such Holder (the “Monthly
Liquidated Damage”); provided, however, that if such Holder fails to provide the Company with any information requested
by the Company that is required to be provided in such Registration Statement with respect to such Holder as set forth herein,
then, for purposes of this Section 2(d), the Filing Date or Effectiveness Date, as applicable, for a Registration Statement with
respect to such Holder shall be extended until two (2) Business Days following the date of receipt by the Company of such required
information from such Holder; provided further that in no event shall the such Monthly Liquidated Damage hereunder plus the monthly
liquidated damage defined in the Subscription Agreement exceed one (1%) of the aggregate Subscription Amount paid by such Holder
pursuant to the Subscription Agreement. The parties further agree that in no event shall the Company be required hereunder and
under the Subscription Agreement to pay to such Holder an aggregate amount that exceeds 6.0% of the aggregate Subscription Amount
paid by such Holder pursuant to the Subscription Agreement for the Registrable Securities then held by such Holder. The partial
liquidated damages pursuant to the terms hereof shall apply on a daily pro rata basis for any portion of a month prior to
the cure of an Event.

 

(e) Notwithstanding
anything to the contrary contained herein, in no event shall the Company be permitted to name any Holder or affiliate of a Holder
as any Underwriter without the prior written consent of such Holder.

 

    6

     

    

 

3. Registration Procedures.

 

In connection with
the Company’s registration obligations hereunder, the Company shall:

 

(a) Not less
than two (2) Business Days prior to the filing of each Registration Statement and not less than one (1) Business Day prior to the
filing of any related Prospectus or any amendment or supplement thereto (including any document that would be incorporated or deemed
to be incorporated therein by reference), the Company shall (i) furnish to each Holder copies of all such documents proposed to
be filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review
of such Holders, and (ii) cause its officers and directors, counsel and independent registered public accountants to respond to
such inquiries as shall be necessary, in the reasonable opinion of respective counsel to each Holder, to conduct a reasonable investigation
within the meaning of the Securities Act. The Company shall not file a Registration Statement or any such Prospectus or any amendments
or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably object in good faith,
provided that, the Company is notified of such objection in writing no later than two (2) Business Days after the Holders have
been so furnished copies of a Registration Statement or one (1) Business Day after the Holders have been so furnished copies of
any related Prospectus or amendments or supplements thereto. Each Holder agrees to furnish to the Company a completed questionnaire
in the form attached to this Agreement as Annex B (a “Selling Stockholder Questionnaire”) on a date that
is not less than five (5) Business Days prior to the Filing Date or by the end of the second (2nd) Business Day following
the date on which such Holder receives draft materials in accordance with this Section.

 

(b) (i) Prepare
and file with the Commission such amendments, including post-effective amendments, to a Registration Statement and the Prospectus
used in connection therewith as may be necessary to keep a Registration Statement continuously effective as to the applicable Registrable
Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order
to register the resale of all of the Registrable Securities under the Securities Act, (ii) cause the related Prospectus to be amended
or supplemented by any required Prospectus supplement (subject to the terms of this Agreement), and, as so supplemented or amended,
to be filed pursuant to Rule 424, (iii) respond as promptly as reasonably possible to any comments received from the Commission
with respect to a Registration Statement or any amendment thereto and provide as promptly as reasonably possible to the Holders
true and complete copies of all correspondence from and to the Commission relating to a Registration Statement (provided that,
the Company shall excise any information contained therein which would constitute material non-public information regarding the
Company or any of its Subsidiaries), and (iv) comply in all material respects with the applicable provisions of the Securities
Act and the Exchange Act with respect to the disposition of all Registrable Securities covered by a Registration Statement during
the applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the Holders
thereof set forth in such Registration Statement as so amended or in such Prospectus as so supplemented.

 

    7

     

    

 

(c) Unless
otherwise provided in this Agreement, if during the Effectiveness Period, the number of Registrable Securities at any time exceeds
100% of the number of Ordinary Shares then registered in a Registration Statement, then the Company shall use commercially reasonable
efforts to file, but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale
by the Holders of not less than the number of such Registrable Securities (which shall be subject to Section 2(b) and (c) above).

 

(d) Unless
all Registrable Securities are registered on the Merger Registration Statement, notify the Holders of Registrable Securities to
be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use
of the Prospectus until the requisite changes have been made) as promptly as reasonably possible (and, in the case of (i)(A) below,
not less than one (1) Business Day prior to such filing) and (if requested by any such Person) confirm such notice in writing within
five (5) Business Days following the day (i)(A) when a Prospectus or any Prospectus supplement or post-effective amendment to a
Registration Statement is proposed to be filed, (B) when the Commission notifies the Company whether there will be a “review”
of such Registration Statement and whenever the Commission comments in writing on such Registration Statement, and (C) with respect
to a Registration Statement or any post-effective amendment, when the same has become effective, (ii) of any request by the Commission
or any other federal or state governmental authority for amendments or supplements to a Registration Statement or Prospectus or
for additional information, (iii) of the issuance by the Commission or any other federal or state governmental authority of any
stop order suspending the effectiveness of a Registration Statement covering any or all of the Registrable Securities or the initiation
of any Proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the
qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation
or threatening of any Proceeding for such purpose, (v) of the occurrence of any event or passage of time that makes the financial
statements included in a Registration Statement ineligible for inclusion therein or any statement made in a Registration Statement
or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or
that requires any revisions to a Registration Statement, Prospectus or other documents so that, in the case of a Registration Statement
or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit 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, not misleading, and (vi) of the occurrence or existence of any pending corporate development with respect to the Company
that the Company believes may be material and that, in the determination of the Company, makes it not in the best interest of the
Company to allow continued availability of a Registration Statement or Prospectus, provided, however, in no event
shall any such notice contain any information which would constitute material, non-public information regarding the Company or
any of its Subsidiaries.

 

    8

     

    

 

(e) Use its
commercially reasonable efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order stopping or suspending
the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of
any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.

 

(f) Upon
a Holder’s request, furnish to such Holder, without charge, at least one conformed copy of each such Registration Statement
and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated
therein by reference to the extent requested by such Holder, and all exhibits to the extent requested by such Holder (including
those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided,
that any such item which is available on the EDGAR system (or successor thereto) need not be furnished in physical form.

 

(g) Subject
to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto
by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus
and any amendment or supplement thereto, except after the giving of any notice pursuant to Section 3(d).

 

(h) If requested
by a Holder, cooperate with such Holder to facilitate the timely preparation and delivery of certificates representing Registrable
Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent
permitted by the Subscription Agreements, of all restrictive legends, and to enable such Registrable Securities to be in such denominations
and registered in such names as any such Holder may request.

 

    9

     

    

 

(i) Upon
the occurrence of any event contemplated by Section 3(d), as promptly as reasonably possible under the circumstances taking into
account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature
disclosure of such event, prepare a supplement or amendment, including a post-effective amendment, to a Registration Statement
or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and
file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will contain
an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading. If the Company notifies the Holders
in accordance with clauses (iii) through (vi) of Section 3(d) above to suspend the use of any Prospectus until the requisite changes
to such Prospectus have been made, then the Holders shall (x) suspend use of such Prospectus and immediately discontinue offers
and sales of the Registrable Securities under the Registration Statement until Subscriber receives copies of a supplemental or
amended prospectus that corrects the matters, 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 (y) 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, Subscriber will deliver to the Company or, in Subscriber’s sole discretion destroy,
all copies of the prospectus covering the Registrable Securities in Subscriber’s possession; provided, however, that this
obligation to deliver or destroy all copies of the prospectus covering the Registrable Securities shall not apply (i) to the extent
Subscriber 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. The Company will use its commercially reasonable efforts
to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise
its right under this Section 3(j) to suspend the availability of a Registration Statement and Prospectus, subject to the payment
of partial liquidated damages otherwise required pursuant to Section 2(d), for a period not to exceed 60 calendar days (which
need not be consecutive days) in any 12-month period.

 

(j) The Company
may require each selling Holder to furnish to the Company a certified statement as to the number of Ordinary Shares beneficially
owned by such Holder and, if required by the Commission, the natural persons thereof that have voting and dispositive control over
the shares.

 

4. Registration
Expenses. All fees and expenses incident to the performance of or compliance with, this Agreement by the Company shall be borne
by the Company. The fees and expenses referred to in the foregoing sentence shall include, without limitation, (i) all registration
and filing fees (including, without limitation, fees and expenses of the Company’s counsel and independent registered public
accountants) (A) with respect to filings made with the Commission, (B) with respect to filings required to be made with any Trading
Market on which the Ordinary Shares are then listed for trading, and (C) in compliance with applicable state securities or Blue
Sky laws reasonably agreed to by the Company in writing (including, without limitation, fees and disbursements of counsel for the
Company in connection with Blue Sky qualifications or exemptions of the Registrable Securities), (ii) printing expenses (including,
without limitation, expenses of printing certificates for Registrable Securities), (iii) messenger, telephone and delivery expenses,
(iv) fees and disbursements of counsel for the Company, (v) Securities Act liability insurance, if the Company so desires such
insurance, and (vi) fees and expenses of all other Persons retained by the Company in connection with the consummation of the transactions
contemplated by this Agreement. In addition, the Company shall be responsible for all of its internal expenses incurred in connection
with the consummation of the transactions contemplated by this Agreement (including, without limitation, all salaries and expenses
of its officers and employees performing legal or accounting duties), the expense of any annual audit and the fees and expenses
incurred in connection with the listing of the Registrable Securities on any securities exchange as required hereunder. In no event
shall the Company be responsible for any broker or similar commissions of any Holder.

 

    10

     

    

 

5. Indemnification.

 

(a) Indemnification
by the Company. The Company shall, notwithstanding any termination of this Agreement, to the extent permitted by law, indemnify
and hold harmless each Holder, the officers, directors, members, partners, agents, brokers (including brokers who offer and sell
Registrable Securities as principal as a result of a pledge or any failure to perform under a margin call of Ordinary Shares),
investment advisors and employees (and any other Persons with a functionally equivalent role of a Person holding such titles, notwithstanding
a lack of such title or any other title) of each of them, each Person who controls any such Holder (within the meaning of Section
15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, members, stockholders, partners, agents
and employees (and any other Persons with a functionally equivalent role of a Person holding such titles, notwithstanding a lack
of such title or any other title) of each such controlling Person, to the fullest extent permitted by applicable law, from and
against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorneys’ fees)
and expenses (collectively, “Losses”), as incurred, arising out of or relating to (1) any untrue or alleged
untrue statement of a material fact contained in a Registration Statement, any Prospectus or any form of prospectus or in any amendment
or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a
material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or supplement
thereto, in light of the circumstances under which they were made) not misleading or (2) any violation or alleged violation by
the Company of the Securities Act, the Exchange Act or any state securities law, or any rule or regulation thereunder, in connection
with the performance of its obligations under this Agreement, except to the extent, but only to the extent, that (i) such untrue
statements or omissions are based solely upon information regarding such Holder furnished in writing to the Company by such Holder
expressly for use therein, or to the extent that such information relates to such Holder or such Holder’s proposed method
of distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder expressly for use in
a Registration Statement, such Prospectus or in any amendment or supplement thereto (it being understood that the Holder has approved
Annex A hereto for this purpose) or (ii) in the case of an occurrence of an event of the type specified in Section 3(d)(iii)-(vi),
the use by such Holder of an outdated, defective or otherwise unavailable Prospectus after the Company has notified such Holder
in writing that the Prospectus is outdated, defective or otherwise unavailable for use by such Holder and prior to the receipt
by such Holder of the Advice contemplated in Section 6(d). The Company shall notify the Holders promptly of the institution, threat
or assertion of any Proceeding arising from or in connection with the transactions contemplated by this Agreement of which the
Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of
such indemnified person and shall survive the transfer of any Registrable Securities by any of the Holders in accordance with Section
6(h).

 

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(b) Indemnification
by Holders. Each Holder shall, to the extent permitted by law, severally and not jointly, indemnify and hold harmless the Company,
its directors, officers, agents and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities
Act and Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest
extent permitted by applicable law, from and against all Losses, as incurred, to the extent arising out of or based solely upon:
any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus, or in any amendment
or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a
material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or supplement
thereto, in light of the circumstances under which they were made) not misleading (i) to the extent, but only to the extent, that
such untrue statement or omission is contained in any information so furnished in writing by such Holder to the Company expressly
for inclusion in such Registration Statement or such Prospectus, (ii) to the extent, but only to the extent, that such information
relates to such Holder’s information provided in the Selling Stockholder Questionnaire or otherwise as requested by the Company
or the proposed method of distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder
expressly for use in a Registration Statement (it being understood that the Holder has approved Annex A hereto for this purpose),
such Prospectus or in any amendment or supplement thereto, or (iii) in the case of an occurrence of an event of the type specified
in Section 3(d)(iii)-(vi), the use by such Holder of an outdated, defective or otherwise unavailable Prospectus after the Company
has notified such Holder in writing that the Prospectus is outdated, defective or otherwise unavailable for use by such Holder
and prior to the receipt by such Holder of the Advice contemplated in Section 6(d). In no event shall the liability of a selling
Holder be greater in amount than the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable
Securities included in the Registration Statement giving rise to such indemnification obligation.

 

(c) Conduct
of Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder
(an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought
(the “Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume the defense
thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses
incurred in connection with defense thereof, provided that the failure of any Indemnified Party to give such notice shall not relieve
the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only) to the extent that it shall
be finally determined by a court of competent jurisdiction (which determination is not subject to appeal or further review) that
such failure shall have materially and adversely prejudiced the Indemnifying Party.

 

An Indemnified
Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the
fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party
has agreed in writing to pay such fees and expenses, (2) the Indemnifying Party shall have failed promptly to assume the defense
of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding, or (3) the named
parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party,
and counsel to the Indemnified Party shall reasonably believe that a material conflict of interest is likely to exist if the same
counsel were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies
the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying
Party shall not have the right to assume the defense thereof and the reasonable fees and expenses of no more than one separate
counsel shall be at the expense of the Indemnifying Party). The Indemnifying Party shall not be liable for any settlement of any
such Proceeding effected without its written consent, which consent shall not be unreasonably withheld or delayed. No Indemnifying
Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect
of which any Indemnified Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from
all liability on claims that are the subject matter of such Proceeding.

 

Subject
to the terms of this Agreement, all reasonable fees and expenses of the Indemnified Party (including reasonable fees and expenses
to the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with
this Section) shall be paid to the Indemnified Party, as incurred, within twenty (20) Business Days of written notice thereof to
the Indemnifying Party, provided that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of
such fees and expenses applicable to such actions for which such Indemnified Party is finally determined by a court of competent
jurisdiction (which determination is not subject to appeal or further review) not to be entitled to indemnification hereunder.

 

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(d) Contribution.
If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified
Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified
Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection
with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations.
The relative fault of such 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 of
a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party,
and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement
or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations
set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with
any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for
in this Section was available to such party in accordance with its terms.

 

The parties
hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata
allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the
immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater
in amount than the dollar amount of the proceeds received by it upon the sale of the Registrable Securities giving rise to such
contribution obligation.

 

The indemnity
and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to
the Indemnified Parties.

 

6. Miscellaneous.

 

(a) Remedies.
In the event of a breach by the Company or by a Holder of any of their respective obligations under this Agreement, each Holder
or the Company, as the case may be, in addition to being entitled to exercise all rights granted by law and under this Agreement,
including recovery of damages, shall be entitled to specific performance of its rights under this Agreement. Each of the Company
and each Holder agrees that monetary damages would not provide adequate compensation for any losses incurred by reason of a breach
by it of any of the provisions of this Agreement and hereby further agrees that, in the event of any action for specific performance
in respect of such breach, it shall not assert or shall waive the defense that a remedy at law would be adequate.

 

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(b) No Piggyback
on Registrations; Prohibition on Filing Other Registration Statements. The Company shall not file any other registration statements
until all Registrable Securities are registered pursuant to a Registration Statement that is declared effective by the Commission
(or registered on the Merger Registration Statement), provided that this Section 6(b) shall not prohibit the Company (i) from filing
amendments to registration statements filed prior to the date of this Agreement, (ii) from filing a registration statement pursuant
to previously existing contractual obligations to include securities issued or to be issued prior to the date of this Agreement,
(iii) from filing a shelf registration statement on Form S-3 for a primary offering by the Company, provided that the Company makes
no offering of securities pursuant to such shelf registration statement prior to the effective date of the Registration Statement
required hereunder that includes all of the Registrable Securities, (iv) from filing a registration statement on Form S-4 (as promulgated
under the Securities Act) relating to equity securities to be issued solely in connection with any acquisition of any entity or
business or their then equivalents, (v) from filing a registration statement on Form S-8 (as promulgated under the Securities Act)
relating to equity securities issuable in connection with the Company’s stock option or other employee benefit plans, and
(vi) from filing any registration statements contemplated by the Transaction Agreement.

 

(a) Compliance.
Each Holder covenants and agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable
to it (unless an exemption therefrom is available) in connection with sales of Registrable Securities pursuant to a Registration
Statement.

 

(b) Discontinued
Disposition. By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a notice from the Company
of the occurrence of any event of the kind described in Section 3(d)(iii) through (vi), such Holder will forthwith discontinue
disposition of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”)
by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company
will use its commercially reasonable efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable.
The Company agrees and acknowledges that any periods during which the Holder is required to discontinue the disposition of the
Registrable Securities hereunder shall be subject to the provisions of Section 2(d). This clause (b) shall not apply to the extent
any Registrable Securities are included in the Merger Registration Statement.

 

(c) Amendments and
Waivers. The provisions of this Agreement, including the provisions of this sentence, may be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may be given, by (and only by) a writing and signed by the Company
and the Holders of 51% or more of the then outstanding Registrable Securities (for purposes of clarification, this includes any
Registrable Securities issuable upon exercise or conversion of any Security). If a Registration Statement does not register all
of the Registrable Securities pursuant to a waiver or amendment done in compliance with the previous sentence, then the number
of Registrable Securities to be registered for each Holder shall be reduced pro rata among all Holders and each Holder shall have
the right to designate which of its Registrable Securities shall be omitted from such Registration Statement.

 

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(d) Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered as
set forth in the Subscription Agreements.

 

(e) Successors and
Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the
parties and shall inure to the benefit of each Holder. The Company may not assign (except by merger) its rights or obligations
hereunder without the prior written consent of all of the Holders of the then outstanding Registrable Securities. Each Holder may
assign their respective rights hereunder in the manner and to the Persons as permitted under Section 5.7 of the Subscription Agreements.

 

(f) No Inconsistent
Agreements. Neither the Company nor any of its Subsidiaries has entered, as of the date hereof, nor shall the Company or any
of its Subsidiaries, on or after the date of this Agreement, enter into any agreement with respect to its securities, that would
have the effect of impairing the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof.
Except as set forth on Schedule 6(h) and except for the Transaction Agreement and the exhibits thereto, neither the Company
nor any of its Subsidiaries has previously entered into any agreement granting any registration rights with respect to any of its
securities to any Person that have not been satisfied in full.

 

(g) Execution and
Counterparts. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered by
facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and
binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if
such facsimile or “.pdf” signature page were an original thereof.

 

(h) Governing Law.
All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be determined in accordance
with the provisions of the Subscription Agreements.

 

(i) Cumulative Remedies.
The remedies provided herein are cumulative and not exclusive of any other remedies provided by law.

 

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(j) Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that
they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

 

(k) Headings.
The headings in this Agreement are for convenience only, do not constitute a part of the Agreement and shall not be deemed to limit
or affect any of the provisions hereof.

 

(l) Independent
Nature of Holders’ Obligations and Rights. The obligations of each Holder hereunder are several and not joint with the
obligations of any other Holder hereunder, and no Holder shall be responsible in any way for the performance of the obligations
of any other Holder hereunder. Nothing contained herein or in any other agreement or document delivered at any closing, and no
action taken by any Holder pursuant hereto or thereto, shall be deemed to constitute the Holders as a partnership, an association,
a joint venture or any other kind of group or entity, or create a presumption that the Holders are in any way acting in concert
or as a group or entity with respect to such obligations or the transactions contemplated by this Agreement or any other matters,
and the Company acknowledges that the Holders are not acting in concert or as a group, and the Company shall not assert any such
claim, with respect to such obligations or transactions. Each Holder shall be entitled to protect and enforce its rights, including
without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Holder to be joined as
an additional party in any proceeding for such purpose. The use of a single agreement with respect to the obligations of the Company
contained was solely in the control of the Company, not the action or decision of any Holder, and was done solely for the convenience
of the Company and not because it was required or requested to do so by any Holder. It is expressly understood and agreed that
each provision contained in this Agreement is between the Company and a Holder, solely, and not between the Company and the Holders
collectively and not between and among Holders.

 

********************

 

(Signature
Pages Follow)

 

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IN WITNESS WHEREOF,
the parties have executed this Registration Rights Agreement as of the date first written above.

 

	 	NEWBORN ACQUISITION CORP.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	Acknowledged:	 
	 	 
	NUVVE CORPORATION	 
	 	 	 
	By:	                                    	 
	Name:	 	 
	Title:	 	 

 

[SIGNATURE PAGE OF HOLDERS FOLLOWS]

 

     

     

    

 

[SIGNATURE
PAGE OF HOLDERS TO RRA]

 

Name of Holder: __________________________

 

Signature of Authorized Signatory of Holder: __________________________

 

Name of Authorized Signatory: _________________________

 

Title of Authorized Signatory: __________________________

 

 

[SIGNATURE PAGES CONTINUE]

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