Document:

Exhibit 4.1

 

LEAP THERAPEUTICS, INC.

 

FORM OF
PRE-FUNDED WARRANT TO PURCHASE COMMON STOCK

 

	 	Number of Shares:
    [_______]

    (subject to adjustment)
	Warrant No. [___]

    Original Issue Date: September [__], 2021
	

 

Leap Therapeutics, Inc., a Delaware corporation
(the “Company”), hereby certifies that, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, [        ] or its permitted registered assigns (the “Holder”),
is entitled, subject to the terms set forth below, to purchase from the Company up to a total of [_______] shares of common stock,
$0.001 par value per share (the “Common Stock”), of the Company (each such share, a “Warrant Share”
and all such shares, the “Warrant Shares”), at an exercise price per share equal to $0.001 per share (as adjusted
from time to time as provided in Section 9 herein, the “Exercise Price”), upon surrender of this Pre-Funded
Warrant to Purchase Common Stock (including any Pre-Funded Warrants to Purchase Common Stock issued in exchange, transfer
or replacement hereof, the “Warrant”) at any time and from time to time on or after the date hereof (the “Original
Issue Date”), subject to the following terms and conditions:

 

1.            Definitions.
For purposes of this Warrant, the following terms shall have the following meanings:

 

(a)            “Affiliate”
means any Person directly or indirectly controlled by, controlling or under common control with, a Holder, but only for so long as such
control shall continue. For purposes of this definition, “control” (including, with correlative meanings, “controlled
by”, “controlling” and “under common control with”) means, with respect to a Person, possession, direct
or indirect, of (a) the power to direct or cause direction of the management and policies of such Person (whether through ownership
of securities or partnership or other ownership interests, by contract or otherwise), or (b) voting securities or other comparable
equity interests of such Person that represent at least 50% of the voting power of all outstanding voting securities of the Company.

 

(b)            “Commission”
means the United States Securities and Exchange Commission.

 

(c)            “Closing
Sale Price” means, for any security as of any date, the last trade price for such security on the Principal Trading Market
for such security, as reported by Bloomberg Financial Markets, or, if such Principal Trading Market begins to operate on an extended
hours basis and does not designate the last trade price, then the last trade price of such security prior to 4:00 P.M., New York City
time, as reported by Bloomberg Financial Markets, or if the foregoing do not apply, the last trade price of such security in the over-the-counter
market on the electronic bulletin board for such security as reported by Bloomberg Financial Markets, or, if no last trade price is reported
for such security by Bloomberg Financial Markets, the average of the bid and ask prices, of any market makers for such security as reported
in the “pink sheets” by Pink Sheets LLC. If the Closing Sale Price cannot be calculated for a security on a particular date
on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined
by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then the
Board of Directors of the Company shall use its good faith judgment to determine the fair market value. The Board of Directors’
determination shall be binding upon all parties absent demonstrable error. All such determinations shall be appropriately adjusted for
any stock dividend, stock split, stock combination or other similar transaction during the applicable calculation period.

 

    

     

    

 

(d)            “Principal
Trading Market” means the national securities exchange or other trading market on which the Common Stock is primarily listed
on and quoted for trading, which, as of the Original Issue Date, shall be the Nasdaq Global Market.

 

(e)            “Registration
Statement” means the Company’s Registration Statement on Form S-3 (File No. 333-248797), as amended, declared
effective on October 16, 2020.

 

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

 

(g)            “Trading
Day” means any weekday on which the Principal Trading Market is open for trading.

 

(h)            “Transfer
Agent” means Continental Stock Transfer & Trust Company, the Company’s transfer agent and registrar for the
Common Stock, and any successor appointed in such capacity.

 

2.            Issuance
of Securities; Registration of Warrant. The Warrant, as initially issued by the Company, is offered and sold pursuant to the Registration
Statement. The Company shall register ownership of this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant
Register”), in the name of the record Holder (which shall include the initial Holder or, as the case may be, any assignee to
which this Warrant is assigned hereunder) from time to time. The Company may deem and treat the registered Holder of this Warrant as
the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent
actual notice to the contrary.

 

3.            Registration
of Transfers. Subject to compliance with all applicable securities laws, the Company shall, or will cause its Transfer Agent to,
register the transfer of all or any portion of this Warrant in the Warrant Register, upon surrender of this Warrant, and payment of all
applicable transfer taxes (if any). Upon any such registration or transfer, a new warrant to purchase Common Stock in substantially the
form of this Warrant (any such new warrant, a “New Warrant”) evidencing the portion of this Warrant so transferred
shall be issued to the transferee, and a New Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall
be issued to the transferring Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance by such
transferee of all of the rights and obligations in respect of the New Warrant that the Holder has in respect of this Warrant. The Company
shall, or will cause its Transfer Agent to, prepare, issue and deliver at the Company’s own expense any New Warrant under this
Section 3. Until due presentment for registration of transfer, the Company may treat the registered Holder hereof as the
owner and holder for all purposes, and the Company shall not be affected by any notice to the contrary.

 

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4.            Exercise
and Duration of Warrant.

 

(a)            All
or any part of this Warrant shall be exercisable by the registered Holder in any manner permitted by this Warrant at any time and from
time to time on or after the Original Issue Date.

 

(b)            The
Holder may exercise this Warrant by delivering (as determined in accordance with the notice provisions hereof) to the Company an exercise
notice, in the form attached as Schedule 1 hereto (the “Exercise Notice”), completed and duly signed. Within
one (1) Trading Day following the date of delivery of the Exercise Notice, the Holder shall make payment of the Exercise Price for
the number of Warrant Shares as to which this Warrant is being exercised (which may take the form of a “cashless exercise”
if so indicated in the Exercise Notice pursuant to Section 10 below). The date on which the Exercise Notice is delivered
to the Company (as determined in accordance with the notice provisions hereof) is an “Exercise Date”; provided,
that if the Exercise Price is not delivered on or before one (1) Trading Day following the date of delivery of the Exercise Notice,
the Exercise Date shall be deemed to be one (1) Trading Day following the date that the Exercise Price is delivered to the Company.
No ink-original Exercise Notice shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of
any Exercise Notice be required. The Holder shall not be required to deliver the original Warrant in order to effect an exercise hereunder.
Execution and delivery of the Exercise Notice shall have the same effect as cancellation of the original Warrant and issuance of a New
Warrant evidencing the right to purchase the remaining number of Warrant Shares, if any. The aggregate exercise price of this Warrant,
except for the Exercise Price, was pre-funded to the Company on or before the Original Issue Date, and consequently no additional consideration
(other than the Exercise Price) shall be required by to be paid by the Holder to effect any exercise of this Warrant. The Holder shall
not be entitled to the return or refund of all, or any portion, of such pre-funded exercise price under any circumstance or for any reason
whatsoever.

 

5.            Delivery
of Warrant Shares.

 

(a)            Upon
exercise of this Warrant, the Company shall promptly (but in no event later than two (2) Trading Days after the Exercise Date),
upon the request of the Holder, credit such aggregate number of shares of Common Stock to which the Holder is entitled pursuant to such
exercise to the Holder’s or its designee’s balance account with The Depository Trust Company (“DTC”) through
its Deposit / Withdrawal At Custodian system, or if the Transfer Agent is not participating in the Fast Automated Securities Transfer
Program (the “FAST Program”) or if the certificates are required to bear a legend regarding restriction on transferability,
issue and dispatch by overnight courier to the address as specified in the Exercise Notice, a certificate, registered in the Company’s
share register in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder is entitled pursuant
to such exercise. The Holder, or any natural person or legal entity (each, a “Person”) so designated by the Holder
to receive Warrant Shares, shall be deemed to have become the holder of record of such Warrant Shares as of the time of delivery of the
Exercise Notice on the Exercise Date or, if later, the time of delivery of the Exercise Price, in either case irrespective of the date
such Warrant Shares are credited to the Holder’s DTC account or the date of delivery of the certificates evidencing such Warrant
Shares, as the case may be. While this Warrant remains outstanding, the Company shall maintain a transfer agent that participates in
the FAST Program.

 

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(b)            If
this Warrant is properly exercised in accordance with the provisions of Section 4(b) and by the close of the second
(2nd) Trading Day after the Exercise Date, the Company fails to deliver to the Holder a certificate representing the required number
of Warrant Shares in the manner required pursuant to Section 5(a) or fails to credit the Holder’s balance account
with DTC for such number of Warrant Shares to which the Holder is entitled, and if after such second (2nd) Trading Day and prior to the
receipt of such Warrant Shares, the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in
satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a “Buy-In”),
then the Company shall, within two (2) Trading Days after the Holder’s request and in the Holder’s sole and absolute
discretion, either (1) pay in cash to the Holder an amount equal to the Holder’s total purchase price (including brokerage
commissions, if any) for the shares of Common Stock so purchased, at which point the Company’s obligation to deliver such certificate
(and to issue such Warrant Shares) shall terminate or (2) promptly honor its obligation to deliver, or cause to be delivered, to
the Holder a certificate or certificates representing such Warrant Shares (or to credit, or cause to be credited, the Holder’s
balance account with DTC for such Warrant Shares) and pay cash to the Holder in an amount equal to the excess (if any) of Holder’s
total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased in the Buy-In over the product
of (A) the number of shares of Common Stock purchased in the Buy -In, times (B) the Closing Sale Price of a share of Common
Stock on the Exercise Date.

 

(c)            To
the extent permitted by law and subject to Section 5(b), the Company’s obligations to issue and deliver Warrant Shares
in accordance with and subject to the terms hereof (including the limitations set forth in Section 11 below) are absolute
and unconditional, irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any
provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment,
limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the Company or any
violation or alleged violation of law by the Holder or any other Person, and irrespective of any other circumstance that might otherwise
limit such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Subject to Section 5(b),
nothing herein shall limit the Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including
a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver certificates
representing shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

 

6.            Charges,
Taxes and Expenses. Issuance and delivery of certificates for shares of Common Stock upon exercise of this Warrant shall be made
without charge to the Holder for any issue or transfer tax, transfer agent fee or other incidental tax or expense (excluding any applicable
stamp duties) in respect of the issuance of such certificates, all of which taxes and expenses shall be paid by the Company; provided,
however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the
registration of any Warrant Shares, any certificates therefor or the Warrant (or any portion thereof) in a name other than that of the
Holder thereof. The Holder shall be responsible for all other tax liability that may arise as a result of holding or transferring this
Warrant or receiving Warrant Shares upon exercise hereof.

 

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7.            Replacement
of Warrant. If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and
substitution for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a New Warrant, but only upon receipt
of evidence reasonably satisfactory to the Company of such loss, theft or destruction (in such case) and, in each case, a customary and
reasonable indemnity (but not the posting of any surety or other bond), if requested by the Company. Applicants for a New Warrant under
such circumstances shall also comply with such other reasonable regulations and procedures and pay such other reasonable third party
costs as the Company may prescribe. If a New Warrant is requested as a result of a mutilation of this Warrant, then the Holder shall
deliver such mutilated Warrant to the Company as a condition precedent to the Company’s obligation to issue the New Warrant.

 

8.            Reservation
of Warrant Shares. The Company covenants that it will, at all times while this Warrant is outstanding, reserve and keep available
out of the aggregate of its authorized but unissued and otherwise unreserved Common Stock, solely for the purpose of enabling it to issue
Warrant Shares upon exercise of this Warrant as herein provided, the number of Warrant Shares that are initially issuable and deliverable
upon the exercise of this entire Warrant, free from preemptive rights or any other contingent purchase rights of persons other than the
Holder (taking into account the adjustments and restrictions of Section 9). The Company covenants that all Warrant Shares
so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms hereof,
be duly and validly authorized, issued and fully paid and non-assessable. The Company will take all such action as may be reasonably
necessary to assure that such shares of Common Stock may be issued as provided herein without violation of any applicable law or regulation,
or of any requirements of any securities exchange or automated quotation system upon which the Common Stock may be listed. The Company
further covenants that it will not, without the prior written consent of the Holder, take any actions to increase the par value of the
Common Stock at any time while this Warrant is outstanding.

 

9.            Certain
Adjustments. The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from
time to time as set forth in this Section 9.

 

(a)            Stock
Dividends and Splits. If the Company, at any time while this Warrant is outstanding, (i) pays a stock dividend on its Common
Stock or otherwise makes a distribution on any class of capital stock issued and outstanding on the Original Issue Date and in accordance
with the terms of such stock on the Original Issue Date or as amended, as described in the Registration Statement, that is payable in
shares of Common Stock, (ii) subdivides its outstanding shares of Common Stock into a larger number of shares of Common Stock, (iii) combines
its outstanding shares of Common Stock into a smaller number of shares of Common Stock or (iv) issues by reclassification of shares
of capital stock any additional shares of Common Stock of the Company, then in each such case the Exercise Price shall be multiplied
by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately before such event and the
denominator of which shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant
to clause (i) of this paragraph shall become effective immediately after the record date for the determination of stockholders entitled
to receive such dividend or distribution, provided, however, that if such record date shall have been fixed and such dividend is not
fully paid on the date fixed therefor, the Exercise Price shall be recomputed accordingly as of the close of business on such record
date and thereafter the Exercise Price shall be adjusted pursuant to this paragraph as of the time of actual payment of such dividends.
Any adjustment pursuant to clause (ii), (iii) or (iv) of this paragraph shall become effective immediately after the effective
date of such subdivision, combination or reclassification.

 

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(b)            Pro
Rata Distributions. If the Company, at any time while this Warrant is outstanding, distributes to all holders of Common Stock for
no consideration (i) evidences of its indebtedness, (ii) any security (other than a distribution of Common Stock covered by
the preceding paragraph) or (iii) rights or warrants to subscribe for or purchase any security, or (iv) cash or any other asset
(in each case, “Distributed Property”), then, upon any exercise of this Warrant that occurs after the record date
fixed for determination of stockholders entitled to receive such distribution, the Holder shall be entitled to receive, in addition to
the Warrant Shares otherwise issuable upon such exercise (if applicable), the Distributed Property that such Holder would have been entitled
to receive in respect of such number of Warrant Shares had the Holder been the record holder of such Warrant Shares immediately prior
to such record date without regard to any limitation on exercise contained therein. The Company covenants that it will, at all times
while this Warrant is outstanding, reserve and keep available all Distributed Property that the Holder shall be entitled to receive hereunder,
solely for the purpose of fulfilling its obligations pursuant to this Section 9(b).

 

(c)            Fundamental
Transactions. If, at any time while this Warrant is outstanding, (i) the Company effects any merger or consolidation of the
Company with or into another Person, in which the Company is not the surviving entity and in which the stockholders of the Company immediately
prior to such merger or consolidation do not own, directly or indirectly, at least 50% of the voting power of the surviving entity immediately
after such merger or consolidation, (ii) the Company effects any sale to another Person of all or substantially all of its assets
in one transaction or a series of related transactions, (iii) pursuant to any tender offer or exchange offer (whether by the Company
or another Person), holders of capital stock tender shares representing more than 50% of the voting power of the capital stock of the
Company and the Company or such other Person, as applicable, accepts such tender for payment, (iv) the Company consummates a stock
purchase agreement or other business combination (including a reorganization, recapitalization, spin-off or scheme of arrangement) with
another Person whereby such other Person acquires more than the 50% of the voting power of the capital stock of the Company (except for
any such transaction in which the stockholders of the Company immediately prior to such transaction maintain, in substantially the same
proportions, the voting power of such Person immediately after the transaction) or (v) the Company effects any reclassification
of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for
other securities, cash or property (other than as a result of a subdivision or combination of shares of Common Stock covered by Section 9(a) above)
(in any such case, a “Fundamental Transaction”), then following such Fundamental Transaction the Holder shall have
the right to receive, upon exercise of this Warrant, the same amount and kind of securities, cash or property as it would have been entitled
to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the
holder of the number of Warrant Shares then issuable upon exercise in full of this Warrant without regard to any limitations on exercise
contained herein (the “Alternate Consideration”). The Company shall not effect any Fundamental Transaction in which
the Company is not the surviving entity or the Alternate Consideration includes securities of another Person unless (i) the Alternate
Consideration is solely cash and the Company provides for the simultaneous “cashless exercise” of this Warrant pursuant to
Section 10 below or (ii) prior to or simultaneously with the consummation thereof, any successor to the Company, surviving
entity or other Person (including any purchaser of assets of the Company) shall assume the obligation to deliver to the Holder such Alternate
Consideration as, in accordance with the foregoing provisions, the Holder may be entitled to receive, and the other obligations under
this Warrant. The provisions of this paragraph (c) shall similarly apply to subsequent transactions analogous of a Fundamental Transaction
type.

 

(d)            Number
of Warrant Shares. Simultaneously with any adjustment to the Exercise Price pursuant to Section 9, the number of Warrant
Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that after such adjustment
the aggregate Exercise Price payable hereunder for the increased or decreased number of Warrant Shares shall be the same as the aggregate
Exercise Price in effect immediately prior to such adjustment.

 

(e)            Calculations.
All calculations under this Section 9 shall be made to the nearest one-tenth of one cent or the nearest share, as applicable.

 

(f)            Notice
of Adjustments. Upon the occurrence of each adjustment pursuant to this Section 9, the Company at its expense will, at
the written request of the Holder, promptly compute such adjustment, in good faith, in accordance with the terms of this Warrant and
prepare a certificate setting forth such adjustment, including a statement of the adjusted Exercise Price and adjusted number or type
of Warrant Shares or other securities issuable upon exercise of this Warrant (as applicable), describing the transactions giving rise
to such adjustments and showing in detail the facts upon which such adjustment is based. Upon written request, the Company will promptly
deliver a copy of each such certificate to the Holder and to the Company’s transfer agent.

 

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(g)            Notice
of Corporate Events. If, while this Warrant is outstanding, the Company (i) declares a dividend or any other distribution of
cash, securities or other property in respect of its Common Stock, including any granting of rights or warrants to subscribe for or purchase
any capital stock of the Company or any subsidiary, (ii) authorizes or approves, enters into any agreement contemplating or solicits
stockholder approval for any Fundamental Transaction or (iii) authorizes the voluntary dissolution, liquidation or winding up of
the affairs of the Company, then, except if such notice and the contents thereof shall be deemed to constitute material non-public information,
the Company shall deliver to the Holder a notice of such transaction at least ten (10) days prior to the applicable record or effective
date on which a Person would need to hold Common Stock in order to participate in or vote with respect to such transaction; provided,
however, that the failure to deliver such notice or any defect therein shall not affect the validity of the corporate action required
to be described in such notice. In the event such notice and the contents thereof shall be deemed to constitute material non-public information,
the Company shall (on the same time frame set forth in the immediately prior sentence) offer the Holder the ability to sign a confidentiality
agreement related thereto sufficient to allow the Holder to receive such notice, and the Company shall deliver such notice immediately
upon execution of such confidentiality agreement. In addition, if while this Warrant is outstanding, the Company authorizes or approves,
enters into any agreement contemplating or solicits stockholder approval for any Fundamental Transaction contemplated by Section 9(c),
other than a Fundamental Transaction under clause (iii) of Section 9(c), the Company shall deliver to the Holder
a notice of such Fundamental Transaction at least thirty (30) days prior to the date such Fundamental Transaction is consummated. Holder
agrees to maintain any information disclosed pursuant to this Section 9(g) in confidence until such information is publicly
available, and shall comply with applicable law with respect to trading in the Company’s securities following receipt any such
information.

 

10.            Payment
of Exercise Price. Notwithstanding anything contained herein to the contrary, the Holder may, in its sole discretion, satisfy its
obligation to pay the Exercise Price through a “cashless exercise”, in which event the Company shall issue to the Holder
the number of Warrant Shares determined as follows:

 

X = Y [(A-B)/A]

 

where:

 

“X”
equals the number of Warrant Shares to be issued to the Holder;

 

“Y”
equals the total number of Warrant Shares with respect to which this Warrant is then being exercised;

 

“A”
equals (i) the last Closing Sale Price of the shares of Common Stock (as reported by Bloomberg Financial Markets) on the Trading
Day immediately preceding the Exercise Date if the Exercise Notice is delivered prior to market close on the Exercise Date, or (ii) the
last Closing Sale Price of the shares of Common Stock (as reported by Bloomberg Financial Markets) on the Exercise Date if the Exercise
Notice is delivered following market close on the Exercise Date; and

 

“B”
equals the Exercise Price then in effect for the applicable Warrant Shares at the time of such exercise.

 

For purposes of
Rule 144 promulgated under the Securities Act, it is intended, understood and acknowledged that the Warrant Shares issued in a “cashless
exercise” transaction shall be deemed to have been acquired by the Holder, the Warrant Shares shall take on the registered characteristics
of the Warrant being exercised, and the holding period for the Warrant Shares shall be deemed to have commenced, on the date this Warrant
was originally issued (provided that the Commission continues to take the position that such treatment is proper at the time of such
exercise). In the event that the Registration Statement or another registration statement registering the issuance of Warrant Shares
is, for any reason, not effective at the time of exercise of this Warrant, then the Warrant may only be exercised through a cashless
exercise, as set forth in this Section 10. Except as set forth in Section 5(b) (Buy-In remedy), Section 9(b) (Pro
Rata Distributions), Section 9(c) (Fundamental Transactions) and Section 12 (payment of cash in lieu of
fractional shares), in no event will the exercise of this Warrant be settled in cash.

 

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11.            Limitations
on Exercise.

 

(a)            Notwithstanding
anything to the contrary contained herein, the Company shall not effect any exercise of this Warrant, and the Holder shall not be entitled
to exercise this Warrant for a number of Warrant Shares in excess of that number of Warrant Shares which, upon giving effect or immediately
prior to such exercise, would cause (i) the aggregate number of shares of Common Stock beneficially owned by the Holder and its
Affiliates and any other Persons whose beneficial ownership of Common Stock would be aggregated with the Holder’s for purposes
of Section 13(d) of the Exchange Act, to exceed 4.99% (the “Maximum Percentage”) of the total number of
issued and outstanding shares of Common Stock of the Company following such exercise, or (ii) the combined voting power of the securities
of the Company beneficially owned by the Holder and its Affiliates and any other Persons whose beneficial ownership of Common Stock would
be aggregated with the Holder’s for purposes of Section 13(d) of the Exchange Act to exceed 4.99% of the combined voting
power of all of the securities of the Company then outstanding following such exercise. For purposes of this Warrant, in determining
the number of outstanding shares of Common Stock, the Holder may rely on the number of outstanding shares of Common Stock as reflected
in (x) the Company’s most recent Form 10-Q or Form 10-K, as the case may be, filed with the Commission prior to
the date hereof, (y) a more recent public announcement by the Company or (z) any other notice by the Company or the Transfer
Agent setting forth the number of shares of Common Stock outstanding. Upon the written request of the Holder, the Company shall within
three (3) Trading Days confirm in writing or by electronic mail to the Holder the number of shares of Common Stock then outstanding.
In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of
securities of the Company, including this Warrant, by the Holder since the date as of which such number of outstanding shares of Common
Stock was reported. By written notice to the Company, the Holder may from time to time increase or decrease the Maximum Percentage to
any other percentage not in excess of 19.99% specified in such notice; provided that any such increase will not be effective until the
sixty-first (61st) day after such notice is delivered to the Company. For purposes of this Section 11(a), the aggregate number
of shares of Common Stock or voting securities beneficially owned by the Holder and its Affiliates and any other Persons whose beneficial
ownership of Common Stock would be aggregated with the Holder’s for purposes of Section 13(d) of the Exchange Act shall
include the shares of Common Stock issuable upon the exercise of this Warrant with respect to which such determination is being made,
but shall exclude the number of shares of Common Stock which would be issuable upon (x) exercise of the remaining unexercised and
non-cancelled portion of this Warrant by the Holder and (y) exercise or conversion of the unexercised, non-converted or non-cancelled
portion of any other securities of the Company that do not have voting power (including any securities of the Company which would entitle
the holder thereof to acquire at any time Common Stock, including 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, Common
Stock), is subject to a limitation on conversion or exercise analogous to the limitation contained herein and is beneficially owned by
the Holder or any of its Affiliates and other Persons whose beneficial ownership of Common Stock would be aggregated with the Holder’s
for purposes of Section 13(d) of the Exchange Act.

 

(b)            This
Section 11 shall not restrict the number of shares of Common Stock which a Holder may receive or beneficially own in order
to determine the amount of securities or other consideration that such Holder may receive in the event of a Fundamental Transaction as
contemplated in Section 9(c) of this Warrant.

 

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12.            No
Fractional Shares. No fractional Warrant Shares will be issued in connection with any exercise of this Warrant. In lieu of any fractional
shares that would otherwise be issuable, the number of Warrant Shares to be issued shall be rounded down to the next whole number and
the Company shall pay the Holder in cash the fair market value (based on the Closing Sale Price) for any such fractional shares.

 

13.            Notices.
Any and all notices or other communications or deliveries hereunder (including any Exercise Notice) shall be in writing and shall be
deemed given and effective on the earliest of (i) the time of transmission, if such notice or communication is delivered via facsimile
or e-mail at the facsimile number or e-mail address specified in the books and records of the Transfer Agent prior to 5:30 P.M., New
York City time, on a Trading Day so long as the sender of an e-mail has not received an automated notice of delivery failure from the
proposed recipient’s computer server, (ii) the next Trading Day after the date of transmission, if such notice or communication
is delivered via facsimile or e-mail at the facsimile number or e-mail address specified in the books and records of the Transfer Agent
on a day that is not a Trading Day or later than 5:30 P.M., New York City time, on any Trading Day so long as the sender of an e-mail
has not received an automated notice of delivery failure from the proposed recipient’s computer server, (iii) the Trading
Day following the date of mailing, if sent by nationally recognized overnight courier service specifying next business day delivery,
or (iv) upon actual receipt by the Person to whom such notice is required to be given, if by hand delivery. To the extent that any
notice provided hereunder constitutes, or contains, material non-public information regarding the Company or any subsidiaries, the Company,
subject to the provisions of Section 9(g) if and to the extent applicable, shall simultaneously file such notice with
the Commission pursuant to a Current Report on Form 8-K.

 

14.            Warrant
Agent. The Company shall initially serve as warrant agent under this Warrant. Upon thirty (30) days’ notice to the Holder,
the Company may appoint a new warrant agent. Any corporation into which the Company or any new warrant agent may be merged or any corporation
resulting from any consolidation to which the Company or any new warrant agent shall be a party or any corporation to which the Company
or any new warrant agent transfers substantially all of its corporate trust or shareholders services business shall be a successor warrant
agent under this Warrant without any further act. Any such successor warrant agent shall promptly cause notice of its succession as warrant
agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder’s last address as shown on the Warrant Register.
Notwithstanding anything to the contrary contained herein or in any warrant agency agreement that the Company may enter into in the future,
the Holder shall be entitled to elect to receive, or continue to hold, this Warrant in certificated form, in which case the terms set
forth in any such warrant agency agreement shall not apply to this Warrant.

 

    9

     

    

 

 

15.            Miscellaneous.

 

(a)            No
Rights as a Stockholder. The Holder, solely in such Person’s capacity as a holder of this Warrant, shall not be entitled to
vote or receive dividends or be deemed the holder of share capital of the Company for any purpose, nor shall anything contained in this
Warrant be construed to confer upon the Holder, solely in such Person’s capacity as the Holder of this Warrant, any of the rights
of a stockholder of the Company or any right to vote, give or withhold consent to any corporate action (whether any reorganization, issue
of stock, reclassification of stock, consolidation, merger, amalgamation, conveyance or otherwise), receive notice of meetings, receive
dividends or subscription rights, or otherwise, prior to the issuance to the Holder of the Warrant Shares which such Person is then entitled
to receive upon the due exercise of this Warrant. In addition, nothing contained in this Warrant shall be construed as imposing any liabilities
on the Holder to purchase any securities (upon exercise of this Warrant or otherwise) or as a stockholder of the Company, whether such
liabilities are asserted by the Company or by creditors of the Company.

 

(b)            Authorized
Shares.

 

(i)            Except
and to the extent as waived or consented to by the Holder, the Company shall not by any action, including amending its certificate or
articles of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities
or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all
times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary or appropriate
to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting the generality of the foregoing, the
Company will (a) not increase the par value of any Warrant Shares above the amount payable therefor upon such exercise immediately
prior to such increase in par value, (b) take all such action as may be necessary or appropriate in order that the Company may validly
and legally issue fully paid and non-assessable Warrant Shares upon the exercise of this Warrant, and (c) use commercially reasonable
efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof as may be
necessary to enable the Company to perform its obligations under this Warrant.

 

(ii)            Before
taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from
any public regulatory body or bodies having jurisdiction thereof.

 

(c)            Successors
and Assigns. Subject to the restrictions on transfer set forth in this Warrant and compliance with applicable securities laws, this
Warrant may be assigned by the Holder. This Warrant may not be assigned by the Company without the written consent of the Holder, except
to a successor in the event of a Fundamental Transaction. This Warrant shall be binding on and inure to the benefit of the Company and
the Holder and their respective successors and assigns. Subject to the preceding sentence, nothing in this Warrant shall be construed
to give to any Person other than the Company and the Holder any legal or equitable right, remedy or cause of action under this Warrant.
This Warrant may be amended only in writing signed by the Company and the Holder, or their successors and assigns.

 

    10 

     

    

 

(d)            Amendment
and Waiver. Except as otherwise provided herein, the provisions of the Warrant and the New Warrants, if any, may be amended and the
Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company has
obtained the written consent of those registered holders of the Warrant and/or the New Warrants, if any, representing no less than a majority
of the Warrant Shares obtainable upon exercise of the Warrant and the New Warrants then outstanding.

 

(e)            Acceptance.
Receipt of this Warrant by the Holder shall constitute acceptance of and agreement to all of the terms and conditions contained herein.

 

(f)            Governing
Law; Jurisdiction. ALL QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS WARRANT SHALL BE GOVERNED
BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW
THEREOF. EACH OF THE COMPANY AND THE HOLDER HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS SITTING
IN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN, FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR WITH ANY TRANSACTION
CONTEMPLATED HEREBY OR DISCUSSED HEREIN, AND HEREBY IRREVOCABLY WAIVES, AND AGREES NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING, ANY
CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF ANY SUCH COURT. EACH OF THE COMPANY AND THE HOLDER HEREBY IRREVOCABLY WAIVES
PERSONAL SERVICE OF PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY SUCH SUIT, ACTION OR PROCEEDING BY MAILING A COPY THEREOF VIA
REGISTERED OR CERTIFIED MAIL OR OVERNIGHT DELIVERY (WITH EVIDENCE OF DELIVERY) TO SUCH PERSON AT THE ADDRESS IN EFFECT FOR NOTICES TO
IT AND AGREES THAT SUCH SERVICE SHALL CONSTITUTE GOOD AND SUFFICIENT SERVICE OF PROCESS AND NOTICE THEREOF. NOTHING CONTAINED HEREIN SHALL
BE DEEMED TO LIMIT IN ANY WAY ANY RIGHT TO SERVE PROCESS IN ANY MANNER PERMITTED BY LAW. EACH OF THE COMPANY AND THE HOLDER HEREBY WAIVES
ALL RIGHTS TO A TRIAL BY JURY.

 

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

 

(h)            Severability.
In case any one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and enforceability
of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby, and the Company and the Holder
will attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonable substitute therefor,
and upon so agreeing, shall incorporate such substitute provision in this Warrant.

 

    11 

     

    

 

(i)            Interpretation.
For purposes of this Warrant, (a) the words “include,” “includes” and “including” are deemed
to be followed by the words “without limitation”; (b) the word “or” is not exclusive; and (c) the words
 “herein,” “hereof, “hereby,” “hereto” and “hereunder” refer to this Warrant as a
whole. Unless the context otherwise requires, references herein: (x) to sections and schedules mean the sections of, and schedules
attached to, this Warrant; (y) to an agreement, instrument, or other document means such agreement, instrument, or other document
(as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof/without regard to subsequent
amendments, supplements, and modifications thereto); and (z) to a statute means such statute (as amended from time to time and includes/enforced
at the time and date of this Warrant becoming effective) and does not include any successor legislation thereto and any regulations promulgated
thereunder. This Warrant shall be construed without regard to any presumption or rule requiring construction or interpretation against
the party drafting an instrument or causing any instrument to be drafted. The schedules referred to herein shall be construed with, and
as an integral part of, this Warrant to the same extent as if they were set forth verbatim herein. All references to “$” or
 “dollars” mean the lawful currency of the United States of America. Whenever the singular is used in this Warrant, the same
shall include the plural, and whenever the plural is used herein, the same shall include the singular, where appropriate.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    12 

     

    

 

IN WITNESS WHEREOF, the undersigned has caused
this Warrant to be duly executed by its authorized officer as of the date first indicated above.

 

	 	COMPANY:
	 	 
	 	LEAP
    THERAPEUTICS, INC.

 

	 	By: 	            

	 	Name:	Douglas
    E. Onsi                
	 	Title:	Chief
    Executive Officer and President

 

    

     

    

 

SCHEDULE 1

 

FORM OF EXERCISE NOTICE

 

[To be executed by the Holder to purchase shares
of Common Stock under the Warrant]

 

Ladies and Gentlemen:

 

(1)            The
undersigned is the Holder of Warrant No. __ (the “Warrant”) issued by Leap Therapeutics, Inc., a Delaware
corporation (the “Company”). Capitalized terms used herein and not otherwise defined herein have the respective meanings
set forth in the Warrant.

 

(2)            The
undersigned hereby exercises its right to purchase Warrant Shares pursuant to the Warrant.

 

(3)            The
Holder intends that payment of the Exercise Price shall be made as (check one):

 

 ̈     Cash
Exercise

 

 ̈     “Cashless
Exercise” under Section 10 of the Warrant

 

(4)            If
the Holder has elected a Cash Exercise, the Holder shall pay the sum of $ _______ in immediately available funds to the Company in accordance
with the terms of the Warrant.

 

(5)            Pursuant
to this Exercise Notice, the Company shall deliver to the Holder Warrant Shares determined in accordance with the terms of the Warrant.

 

(6)            By
its delivery of this Exercise Notice, the undersigned represents and warrants to the Company that in giving effect to the exercise evidenced
hereby the Holder will not beneficially own in excess of the number of shares of Common Stock (as determined in accordance with Section 13(d) of
the Securities Exchange Act of 1934, as amended) permitted to be owned under Section 11(a) of the Warrant to which this
notice relates.

 

	Dated:	 	 

 

	Name of Holder:	 	 

 

	Name:	 	 
	Title:	 	 
	(Signature must conform in all respects to name of Holder as specified on the face of the Warrant)Exhibit 10.2

 

AMENDED AND RESTATED REGISTRATION
RIGHTS AGREEMENT

 

This Amended and Restated
Registration Rights Agreement (this “Agreement”) is made and entered into as of September 16, 2021 (the “Effective
Date”) by and among Atlas Crest Investment Corp., a Delaware corporation (the “Company”) and the parties
listed on Schedule A hereto (each, a “Holder” and collectively, the “Holders”). Any capitalized
term used but not defined herein will have the meaning ascribed to such term in the Business Combination Agreement (as defined below).

 

RECITALS

 

WHEREAS, on February 10, 2021,
the Company, Artemis Acquisition Sub Inc., a Delaware corporation (“Merger Sub”), and Archer Aviation Inc., a Delaware
corporation (“Archer”), entered into that certain Business Combination Agreement (as amended, and restated on July
29, 2021, the “Business Combination Agreement”) pursuant to which, among other things, Merger Sub will merge with and
into Archer, with Archer as the surviving company in the merger and, after giving effect to such merger, becoming a wholly-owned Subsidiary
of the Company, and each Company Share will be automatically converted into the right to receive a portion of the Adjusted Transaction
Share Consideration, in each case, on the terms and subject to the conditions set forth in the Business Combination Agreement and in accordance
with Section 251 of the General Corporation Law of the State of Delaware (the “Business Combination”);

 

WHEREAS, the Company and the
Holder designated as the Original Holder on Schedule A hereto (the “Original Holder”) are parties to that certain
Registration Rights Agreement, dated as of October 27, 2020 (the “Prior Agreement”);

 

WHEREAS, the Original Holder
currently holds (i) 12,500,000 Atlas Class B Shares (the “Founder Shares”) which, on the Effective Date, will automatically
be converted, directly or indirectly, into 12,500,000 Atlas New Class A Shares (as defined below), of which 1,875,000 shall be subject
to the vesting and forfeiture provisions specified in that certain Amended and Restated Sponsor Letter Agreement, dated as of July 29,
2021, by and among the Company, Atlas Crest Investment LLC (the “Sponsor”), Archer and, for limited purposes of Section
5, 8 and 9 of such agreement, those individuals, each of whom is a member of the Company’s board of directors and/or management,
parties thereto and (ii) 9,000,000 private placement warrants (the “Private Placement Warrants”) which, pursuant to
that certain Private Placement Warrant Agreement dated as of October 27, 2020 (the “Warrant Agreement”), entitle the
Original Holder to purchase additional Atlas New Class A Shares;

 

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

 

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

 

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

 

    1 

     

    

 

Article
I

DEFINITIONS

 

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

 

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

 

“Amended and Restated
Operating Agreement” means that certain Amended and Restated Operating Agreement dated as of October 9, 2020 as amended, supplemented
or modified, from time to time.

 

“Atlas”
means Atlas Crest Investment Corp., a Delaware corporation.

 

“Atlas Class A Shares”
means, at all times prior to the Effective Date, shares of Atlas’ Class A common stock, par value $0.0001 per share.

 

“Atlas Class B Shares”
means, at all times prior to the Effective Date, shares of Atlas’ Class B common stock, par value $0.0001 per share.

 

“Atlas New Class
A Shares” means, at all times on or after the Effective Date, shares of Atlas’ Class A common stock, par value $0.0001
per share.

 

“Atlas New Class
B Shares” means, at all times on or after the Effective Date, shares of Atlas’ Class B common stock, par value $0.0001
per share.

 

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

 

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

 

“Business Day”
means a day other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law
to close.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

“Common Stock”
shall mean any Atlas New Class A Shares.

 

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

 

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

 

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

 

“Demanding Holders”
shall have the meaning given in subsection 2.1.1.

 

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

 

“Employee Stock Purchase
Plan” shall mean the Company’s 2021 Employee Stock Purchase Plan dated as of September 16, 2021.

 

“Equity Incentive
Plan” shall mean the Company’s 2021 Equity Incentive Plan dated as of September 16, 2021.

 

    2 

     

    

 

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

 

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

 

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

 

“Founder Grants”
shall mean any restricted stock units issued to Brett Adcock, Hight Drive Growth LLC, Adam Goldstein and/or Capri Growth LLC in accordance
with the principal terms set forth in Exhibit F to the Business Combination Agreement.

 

“Founder Shares”
shall have the meaning given in the Recitals.

 

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

 

“Lock-Up Shares”
shall mean the Registrable Securities (excluding (i) the proviso to the definition of “Registrable Securities” and (ii) the
Warrants), the Atlas New Class B Shares and the MIP Securities.

 

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

 

“Mesa Warrant”
shall mean that certain warrant exercisable into up to 1,171,649 shares of Common Stock, issued to Mesa Air Group, Inc. on February 26,
2021, pursuant to the terms of that certain Assignment and Assumption Agreement, dated February 26, 2021 (as amended, modified, or otherwise
supplemented from time to time).

 

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

 

“MIP Securities”
means any Common Stock issued or to be issued by the Company pursuant to the Employee Stock Purchase Plan, the Equity Incentive Plan or
the Founder Grants. For the avoidance of doubt, equity securities issued and outstanding on the Effective Date shall not be deemed MIP
Securities.

 

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

 

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

 

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

 

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

 

“PIPE Securities”
shall mean any Common Stock issued pursuant to those certain Subscription Agreements entered into on or about February 10, 2021.

 

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

 

“Private Placement
Warrants” shall have the meaning given in the Recitals.

 

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

 

    3 

     

    

 

“Public Warrants”
shall mean the 16,666,667 redeemable warrants of the Company issued pursuant to the Warrant Agreement on or about October 30, 2020.

 

“Registrable Security”,
 “Registrable Securities” shall mean (a) the shares of Common Stock issued or issuable upon the conversion of the Founder
Shares, (b) the shares of Common Stock issued or issuable upon the exercise of the Private Placement Warrants, (c) any other outstanding
share of Common Stock or any other equity security (including the shares of Common Stock issued or issuable upon the exercise of any other
equity security) of the Company held by the Original Holder as of the date of this Agreement, (d) the shares of Common Stock held by the
New Holders as of the date of this Agreement, (e) the shares of Common Stock issued or issuable upon the conversion of the Atlas New Class
B Shares held by a New Holder as of the date of this Agreement, (f) the shares of Common Stock issued or issuable upon the exercise of
the United Warrant or the Mesa Warrant, (g) any other outstanding share of Common Stock or any other equity security (including the shares
of Common Stock issued or issuable upon the exercise of any other equity security) of the Company held by a Significant Holder (other
than the Original Holder) as of the date of this Agreement, and (h) any other equity security of the Company issued or issuable with respect
to any such share of Common Stock by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization,
merger, consolidation or reorganization and excluding (x) any Atlas Class A Shares, (y) any Public Warrants and (z) any PIPE Securities;
provided, however, that, as to any particular Registrable Security, such securities shall cease to be Registrable Securities
when: (A) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act and
such securities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (B) such securities
shall have been otherwise transferred, new certificates or book entry positions for such securities not bearing a legend restricting further
transfer shall have been delivered by the Company and subsequent public distribution of such securities shall not require registration
under the Securities Act; (C) such securities shall have ceased to be outstanding; (D) such securities may be sold without registration
pursuant to Rule 144 promulgated under the Securities Act (or any successor rule promulgated thereafter by the Commission) (but with no
volume or other restrictions, limitations or conditions); or (E) such securities have been sold to, or through, a broker, dealer or underwriter
in a public distribution or other public securities transaction.

 

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

 

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

 

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

 

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

 

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

 

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

 

    4 

     

    

 

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

 

(F)              
reasonable fees and expenses of one (1) legal counsel for all holders of registrable securities to be registered for offer and
sale in the applicable Registration, selected by (i) a majority-in-interest of the Demanding Holders initiating a Demand Registration,
or (ii) a majority-in-interest of Holders of all Registrable Securities included in a Company-initiated Piggyback Registration; provided,
however, that such reimbursable fees and expenses shall not exceed $50,000 per Registration Statement; and

 

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

 

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

 

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

 

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

 

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

 

“Significant Holder”
shall mean (i) the Original Holder and (ii) each New Holder who, on the Effective Date and immediately prior to giving effect to the Business
Combination, holds equity securities representing at least two percent (2%) of Archer’s common stock on a fully-diluted basis, including
without limitation, Brett Adcock, Hight Drive Growth LLC, Adam Goldstein, Capri Growth LLC, Mark Lore, TCP Archer Aviation LLC, Alps
Investment Partners, LP, Greycroft Partners VI, L.P., Luktev GmbH, and United Airlines Ventures, Ltd.

 

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

 

“Transfer”
shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations
of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled
by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified
in clause (a) or (b).

 

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

 

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

 

    5 

     

    

 

“United Warrant”
shall mean that certain Warrant to Purchase Shares of Archer Aviation Inc., issued by Archer to United Airlines, Inc. on January 29, 2021
(as amended, modified or otherwise supplemented from time to time) in respect of the right to purchase common stock, par value $0.0001
per share, of Archer, as amended by that certain Assignment and Assumption Agreement, dated February 26, 2021 (as amended, modified, or
otherwise supplemented from time to time), and as transferred to United Airlines Ventures, Ltd. by that certain Notice of Transfer, dated
as of September 14, 2021.

 

“Warrant Agreement”
shall have the meaning given in the Recitals.

 

“Warrants”
shall mean the Public Warrants, the Private Placement Warrants, the United Warrant and the Mesa Warrant.

 

Article
II

REGISTRATION

 

Section 2.1             
Demand Registration.

 

2.1.1         
Request for Registration. Subject to the provisions of subsection 2.1.4 and Section 2.4 hereof, at any time
and from time to time on or after the date that is 90 days prior to the expiration of the lock-up provisions set forth in Article 5 below,
Holders holding at least fifteen percent (15%) in interest of the then-outstanding number of Registrable Securities (the “Demanding
Holders”), may make a written demand for Registration of all or part of their Registrable Securities on Form S-3 (“Form
S-3”) (or, if Form S-3 is not available to be used by the Company at such time, on Form S-1 or another appropriate form permitting
Registration of such Registrable Securities for resale by such Demanding Holders), which written demand shall describe the amount and
type of securities to be included in such Registration and the intended method(s) of distribution thereof (such written demand a “Demand
Registration”). The Company shall, within ten (10) days of the Company’s receipt of the Demand Registration, notify, in
writing, all other Holders of Registrable Securities of such demand, and each Holder of Registrable Securities who thereafter wishes to
include all or a portion of such Holder’s Registrable Securities in a Registration pursuant to a Demand Registration (each such
Holder that includes all or a portion of such Holder’s Registrable Securities in such Registration, a “Demand Requesting
Holder”) shall so notify the Company, in writing, within five (5) days after the receipt by the Holder of the notice from the
Company. Upon receipt by the Company of any such written notification from a Demand Requesting Holder(s) to the Company, such Demand Requesting
Holder(s) shall be entitled to have their Registrable Securities included in a Registration pursuant to a Demand Registration and the
Company shall effect, as soon thereafter as practicable, but not more than forty five (45) days immediately after the Company’s
receipt of the Demand Registration, the Registration of all Registrable Securities requested by the Demanding Holders and Demand Requesting
Holders pursuant to such Demand Registration. Under no circumstances shall the Company be obligated to effect more than an aggregate of
three (3) Registrations pursuant to a Demand Registration under this subsection 2.1.1.

 

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

 

    6 

     

    

 

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

 

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

 

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

 

    7 

     

    

 

Section 2.2             
Piggyback Registration.

 

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

 

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

 

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

 

    8 

     

    

 

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

 

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

 

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

 

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Section 2.3             
Resale Shelf Registration Rights

 

2.3.1          Registration
Statement on Form S-3 Covering Resale of Registrable Securities. The Company shall prepare and file or cause to be prepared and
filed with the Commission, no later than thirty (30) days following the closing of the Business Combination, a Registration
Statement for an offering to be made on a continuous basis pursuant to Rule 415 of the Securities Act or any successor thereto
registering the resale from time to time by Holders of all of the Registrable Securities held by Holders (the “Resale Shelf
Registration Statement”). The Resale Shelf Registration Statement shall be on Form S-3 (or if Form S-3 is not available to
be used by the Company at such time, on Form S-1 or another appropriate form permitting Registration of such Registrable Securities
for resale). The Company shall use commercially reasonable efforts to cause the Resale Shelf Registration Statement to be declared
effective as soon as practicable after filing, but no later than the earlier of (i) the 60th calendar day (or 120th calendar day if
the Commission notifies the Company that it will “review” the Resale Shelf Registration Statement) following the closing
of the Business Combination and (ii) ten (10) Business Days after the date the Company is notified (orally or in writing, whichever
is earlier) by the Commission that the Resale Shelf Registration Statement will not be “reviewed” or will not be subject
to further review (such earlier date, the “Effectiveness Deadline”). Once effective, the Company shall use
commercially reasonable efforts to keep the Resale Shelf Registration Statement continuously effective and to be supplemented and
amended to the extent necessary to ensure that such Resale Shelf Registration Statement is available or, if not available, to ensure
that another Registration Statement is available, under the Securities Act at all times until all Registrable Securities covered by
such Resale Shelf Registration Statement have been disposed of in accordance with the intended method(s) of distribution set forth
in such Resale Shelf Registration Statement or have ceased to be Registrable Securities. The Registration Statement filed with the
Commission pursuant to this subsection 2.3.1 shall contain a prospectus in such form as to permit any Holder to sell such
Registrable Securities pursuant to Rule 415 under the Securities Act (or any successor or similar provision adopted by the
Commission then in effect) at any time beginning on the effective date for such Registration Statement (subject to the restrictions
provided in Article 5 below), and shall provide that such Registrable Securities may be sold pursuant to any method or combination
of methods legally available to, and requested by, the Holders. If the Resale Shelf Registration Statement is filed on Form S-1,
then promptly following the date upon which the Company becomes eligible to use a Registration Statement on Form S-3, the
Company shall file a post-effective amendment on Form S-3 to the Resale Shelf Registration Statement (an “S-3
Conversion”). Notwithstanding anything to the contrary in this Agreement, the Holders shall not be entitled to
reimbursement from the Company of Registration Expenses set forth in clause (F) of the definition of “Registration
Expenses” related to an S-3 Conversion.

 

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

 

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

 

    10 

     

    

 

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

 

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

 

Section 2.4             Restrictions
on Registration Rights. If (A) during the period starting with the date sixty (60) days prior to the Company’s good
faith estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of, a Company
initiated Registration and provided that the Company has delivered written notice to the Holders prior to receipt of a Demand Registration
pursuant to subsection 2.1.1 and it continues to actively employ, in good faith, all reasonable efforts to cause the applicable
Registration Statement to become effective; (B) the Holders have requested an Underwritten Registration and the Company and the Holders
are unable to obtain the commitment of underwriters to firmly underwrite the offer; or (C) in the good faith judgment of the Board such
Registration would be materially detrimental to the Company and the Board concludes as a result that it is essential to defer the filing
of such Registration Statement at such time, then in each case the Company shall furnish to such Holders a certificate signed by the
Chairman of the Board stating that in the good faith judgment of the Board it would be materially detrimental to the Company for such
Registration Statement to be filed in the near future and that it is therefore essential to defer the filing of such Registration Statement.
In such event, the Company shall have the right to defer a filing pursuant to Section 2.1 for a period of not more than thirty
(30) days; provided, however, that the Company shall not defer its obligation in this manner more than once in any 12 month
period.

 

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Article
III

COMPANY PROCEDURES

 

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

 

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

 

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

 

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

 

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

 

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

 

    12 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    13 

     

    

 

3.1.16     
if the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $50,000,000, use
its reasonable efforts to make available senior executives of the Company to participate in customary “road show” presentations
that may be reasonably requested by the Underwriter in any Underwritten Offering; and

 

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

 

Section 3.2             
Registration Expenses. Except as provided in Section
2.3.1 with respect to an S-3 Conversion, the Registration Expenses of all Registrations shall be borne by the Company. It is acknowledged
by the Holders that the Holders shall bear all incremental selling expenses relating to the sale of Registrable Securities, such as Underwriters’
commissions and discounts, brokerage fees, Underwriter marketing costs and, other than as set forth in the definition of “Registration
Expenses,” all reasonable fees and expenses of any legal counsel representing the Holders.

 

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

 

Section 3.4              Suspension
of Sales. Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains a
Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until he, she or it has received
copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to
prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until he, she or it is
advised in writing by the Company that the use of the Prospectus may be resumed. Notwithstanding anything to the contrary in this
Agreement, the Company shall be entitled to delay or postpone the effectiveness of a Registration Statement, and from time to time
to require the Holders not to sell under a Registration Statement or to suspend the effectiveness thereof, if the negotiation or
consummation of a transaction by the Company or its subsidiaries is pending or an event has occurred, which negotiation,
consummation or event the Board reasonably believes, upon the advice of legal counsel, would require additional disclosure by the
Company in the Registration Statement of material information that the Company has a bona fide business purpose for keeping
confidential and the non-disclosure of which in the Registration Statement would be expected, in the reasonable determination of the
Board, upon the advice of legal counsel, to cause the Registration Statement to fail to comply with applicable disclosure
requirements (each such circumstance, a “Suspension Event”); provided, however, that the Company
may not delay or suspend a Registration Statement on more than two occasions or for more than sixty (60) consecutive calendar days,
or more than ninety (90) total calendar days, in each case during any twelve month period. Upon receipt of any written notice from
the Company of the happening of any Suspension Event during the period that a Registration Statement is effective or if as a result
of a Suspension Event a Registration Statement or related prospectus contains any untrue statement of a material fact or omits to
state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made (in the case of the prospectus) not misleading, the Holders agrees that (i) they will immediately
discontinue offers and sales of the Shares under such Registration Statement (excluding, for the avoidance of doubt, sales conducted
pursuant to Rule 144) until the Holders receive copies of a supplemental or amended prospectus (which the Company agrees to promptly
prepare) that corrects the misstatement(s) or omission(s) referred to above and receives notice that any post-effective amendment
has become effective or unless otherwise notified by the Company that it may resume such offers and sales, and (ii) they will
maintain the confidentiality of any information included in such written notice delivered by the Company unless otherwise required
by law or subpoena. If so directed by the Company, the Holders will deliver to the Company or, in each Holder’s sole
discretion destroy, all copies of the prospectus covering the Shares in such Holder’s possession; provided, however,
that this obligation to deliver or destroy all copies of the prospectus covering the Shares shall not apply (i) to the extent the
Holder is required to retain a copy of such prospectus (a) in order to comply with applicable legal, regulatory, self-regulatory or
professional requirements or (b) in accordance with a bona fide pre-existing document retention policy or (ii) to copies stored
electronically on archival servers as a result of automatic data back-up.

 

    14 

     

    

 

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

 

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

 

Article
IV

INDEMNIFICATION AND CONTRIBUTION

 

Section 4.1             
Indemnification

 

4.1.1         
The Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers, directors,
employees and agents and each person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages,
liabilities and expenses (including attorneys’ fees) caused by any untrue or alleged untrue statement of material fact contained
in any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission or
alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, or any violation
by the Company of the Securities Act or any rule or regulation promulgated thereunder applicable to the Company and relating to action
or inaction required of the Company in connection with any such registration, except insofar as the same are caused by or contained in
any information furnished in writing to the Company by such Holder expressly for use therein. The Company shall indemnify the Underwriters,
their officers and directors and each person who controls such Underwriters (within the meaning of the Securities Act) to the same extent
as provided in the foregoing with respect to the indemnification of the Holder.

 

    15 

     

    

 

4.1.2         
 In connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall
furnish to the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such
Registration Statement or Prospectus and, to the extent permitted by law, shall indemnify the Company, its directors and officers and
agents and each person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities
and expenses (including without limitation reasonable attorneys’ fees) resulting from any untrue statement of material fact contained
in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission of
a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that
such untrue statement or omission is contained in any information or affidavit so furnished in writing by such Holder expressly for use
therein; provided, however, that the obligation to indemnify shall be several, not joint and several, among such Holders
of Registrable Securities, and the liability of each such Holder of Registrable Securities shall be in proportion to and limited to the
net proceeds received by such Holder from the sale of Registrable Securities pursuant to such Registration Statement. The Holders of Registrable
Securities shall indemnify the Underwriters, their officers, directors and each person who controls such Underwriters (within the meaning
of the Securities Act) to the same extent as provided in the foregoing with respect to indemnification of the Company.

 

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

 

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

 

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

 

    16 

     

    

 

Article
V

LOCK-UP AGREEMENT

 

Section 5.1             
Common Stock Lock-Up Period. Each Significant Holders
that owns Lock-Up Shares agrees that it shall not Transfer any Lock-Up Shares until the earlier of (A) 180 days after the completion of
the Business Combination and (B) subsequent to the Business Combination, the date on which the Company completes a liquidation, merger,
capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the
right to exchange their shares of Common Stock for cash, securities or other property.

 

Section 5.2             
Private Placement Warrant Lock-Up Period. Notwithstanding
subsection 5.1 above, the Original Holder agrees that it shall not Transfer any Private Placement Warrants (or any shares of Common
Stock issued or issuable upon the exercise of the Private Placement Warrants), until 30 days after the completion of the Business Combination.

 

Section 5.3             
Permitted Transfers. Notwithstanding the provisions
set forth in subsections 5.1 and 5.2 above, Transfers of Lock-Up Shares or Private Placement Warrants (or any shares of
Common Stock issued or issuable upon the exercise of the Private Placement Warrants) that are held by the Holders are permitted (i) to
the Company’s officers or directors, any affiliate or family member of any of the Company’s officers or directors, any affiliate
of the Original Holder or to any members of the Original Holder or any of their affiliates; (ii) in the case of an individual, by gift
to a member of such individual’s immediate family or to a trust, the beneficiary of which is a member of such individual’s
immediate family, an affiliate of such individual or to a charitable organization; (iii) in the case of an individual, by virtue of laws
of descent and distribution upon death of such individual; (iv) in the case of an individual, pursuant to a qualified domestic relations
order; (v) by virtue of the laws of the State of Delaware; (vi) by virtue of the Amended and Restated Operating Agreement of the Sponsor,
as amended, supplemented or modified, from time to time; or (vii) in the event of the Company’s liquidation, merger, capital stock
exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares
of Common Stock for cash, securities or other property subsequent to the Company’s completion of the Business Combination, each
of the persons specified in clauses (i) through (vii), a “Permitted Transferee”; provided, however, that
in the case of clauses (i) through (vii), each such Permitted Transferee must enter into a written agreement with the Company agreeing
to be bound by the transfer restrictions herein and the other restrictions contained in this Agreement.

 

    17 

     

    

 

 

Article
VI

 

GENERAL PROVISIONS

 

Section 6.1             
Entire Agreement. This Agreement (including Schedule
A hereto) constitutes the entire understanding and agreement between the parties as to the matters covered herein and supersedes and
replaces any prior understanding, agreement or statement of intent, in each case, written or oral, of any and every nature with respect
thereto.

 

Section 6.2             
Notices. Any notice or other communication required
or permitted to be delivered to any party under this Agreement shall be in writing and shall be deemed properly delivered, given and received
(a) upon receipt when delivered by hand, (b) upon transmission, if sent by facsimile or electronic transmission (in each case with receipt
verified by electronic confirmation), or (c) one (1) Business Day after being sent by courier or express delivery service, specifying
next day delivery, with proof of receipt. The addresses, email addresses and facsimile numbers for such notices and communications are
those set forth on the signature pages hereof, or such other address, email address or facsimile numbers as may be designated in writing
hereafter, in the same manner, by any such person.

 

Section 6.3             
Assignment; No Third-Party Beneficiaries. This Agreement
and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole or in part. This
Agreement and the rights, duties and obligations of the Holders of Registrable Securities hereunder may be freely assigned or delegated
by such Holder of Registrable Securities in conjunction with and to the extent of any transfer of Registrable Securities by any such Holder.
This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and the permitted
assigns of the applicable holder of Registrable Securities or of any assignee of the applicable holder of Registrable Securities. This
Agreement is not intended to confer any rights or benefits on any persons that are not party hereto other than as expressly set forth
in Article 4 and this Section 6.3. No assignment by any party hereto of such party’s rights, duties and obligations hereunder
shall be binding upon or obligate the Company unless and until the Company shall have received (i) written notice of such assignment and
(ii) the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms and provisions
of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement).

 

Section 6.4             
Counterparts. This Agreement may be executed in one
or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts
have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same
counterpart and such counterparts may be delivered by the parties hereto via facsimile or electronic transmission.

 

Section 6.5             
Amendment; Waiver. This Agreement may be amended or
modified, and any provision hereof may be waived, in whole or in part, at any time pursuant to an agreement in writing executed by (i)
the Company, (ii) the holders of a majority of the Registrable Securities held by the Original Holder at such time, and (iii) holders
of a majority of the Registrable Securities held by the New Holders at such time; provided, however, that notwithstanding
the foregoing, any amendment hereto or waiver hereof that materially and adversely affects one Holder, solely in his, her or its capacity
as a holder of the shares of capital stock of the Company, in a manner that is materially different from the other Holders (in such capacity)
shall require the consent of the Holder so affected. Any failure by any party at any time to enforce any of the provisions of this Agreement
shall not be construed a waiver of such provision or any other provisions hereof.

 

Section 6.6              Severability.
In the event that any provision of this Agreement or the application thereof becomes or is declared by a court of competent
jurisdiction to be illegal, void or unenforceable, the remainder of this Agreement will continue in full force and effect and the
application of such provision to other persons or circumstances will be interpreted so as reasonably to effect the intent of the
parties hereto.

 

    18 

     

    

 

Section 6.7             
Governing Law; Venue. This Agreement shall be governed
by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed in and to be performed in that
State. All legal actions and proceedings arising out of or relating to this Agreement shall be heard and determined exclusively in any
Delaware Chancery Court; provided, that if jurisdiction is not then available in the Delaware Chancery Court, then any such legal
action may be brought in any federal court located in the State of Delaware or any other Delaware state court. The parties hereto hereby
(a) irrevocably submit to the exclusive jurisdiction of the aforesaid courts for themselves and with respect to their respective properties
for the purpose of any action arising out of or relating to this Agreement brought by any party hereto, and (b) agree not to commence
any action relating thereto except in the courts described above in Delaware, other than actions in any court of competent jurisdiction
to enforce any judgment, decree or award rendered by any such court in Delaware as described herein. Each of the parties further agrees
that notice as provided herein shall constitute sufficient service of process and the parties further waive any argument that such service
is insufficient. Each of the parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a
defense, counterclaim or otherwise, in any action arising out of or relating to this Agreement or the transactions contemplated hereby,
(a) any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described herein for any reason, (b)
that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether
through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise)
and (c) that (i) the action in any such court is brought in an inconvenient forum, (ii) the venue of such action is improper or (iii)
this Agreement, or the subject matter hereof, may not be enforced in or by such courts.

 

Section 6.8             
Specific Performance. Each party acknowledges and agrees
that the other parties hereto would be irreparably harmed and would not have any adequate remedy at law in the event that any of the provisions
of this Agreement were not performed by such first party in accordance with their specific terms or were otherwise breached by such first
party. Accordingly, each party agrees that the other parties hereto shall be entitled to an injunction or injunctions to prevent breaches
of this Agreement and to enforce specifically the terms and provisions of this Agreement, this being in addition to any other remedy to
which such parties are entitled at law or in equity.

 

Section 6.9             
Exercise Term. The Holders may not exercise their registration
rights under Article II after the seven-year anniversary of the closing of the Business Combination.

 

[Signature Pages Follow]

 

    19 

     

    

 

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

 

	 	COMPANY:
	 	 
	 	Atlas Crest Investment Corp.
	 	 
	 	By:	/s/ Michael Spellacy
	 	Name: Michael Spellacy
	 	Title: Chief Executive Officer

 

[Signature Page to Registration
Rights Agreement]

 

     

     

    

 

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

 

	 	ORIGINAL HOLDER:
	 	 
	 	Atlas Crest Investment
LLC.
	 	 
	 	By:	/s/ Kenneth Moelis
	 	Name: Kenneth Moelis
	 	Title: Managing Member

 

[Signature Page to Registration
Rights Agreement]

 

     

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	ALPS INVESTMENT PARTNERS, LP
	 	 
	 	By:	/s/ Charles Kim
	 	Name: Charles Kim
	 	Title: Managing Partner

 

[Signature Page to Registration
Rights Agreement]

 

     

     

    

 

 

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

 

	 	NEW HOLDER:
	 	 
	 	AVXVA INC.
	 	 
	 	By:	/s/ Anthony Tucker
	 	Name: Anthony Tucker
	 	Title: President

 

[Signature Page to Registration
Rights Agreement]

 

     

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	GREYCROFT PARTNERS VI, L.P.
	 	 
	 	By: Greycroft Managers VI, LLC, its General Partner
	 	 
	 	By:	/s/ Matt Parker
	 	Name: Matt Parker
	 	Title: Chief Financial
Officer

 

[Signature Page to Registration
Rights Agreement]

 

     

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	MARC LORE
	 	 
	 	/s/ Marc Lore

 

[Signature Page to Registration
Rights Agreement]

 

     

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	TCP ARCHER AVIATION
LLC
	 	 
	 	By: TROY CAPITAL PARTNERS X GP, LLC, its Manager
	 	 
	 	By:	/s/ Josh Berman
	 	Name: Josh Berman
	 	Title: Authorized
Signatory

 

[Signature Page to Registration
Rights Agreement]

 

     

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	ZZM, INC.
	 	 
	 	By:	/s/ Josh Berman
	 	Name: Josh Berman
	 	Title: Partner

 

[Signature Page to Registration
Rights Agreement]

 

     

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	MESA AIR GROUP, INC.
	 	 
	 	By: 	/s/ Brian Gillman
	 	Name: Brian Gillman
	 	Title: EVP & General Counsel

 

[Signature Page
to Registration Rights Agreement]

 

    20

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	THOMAS MUNIZ
	 	 
	 	/s/ Thomas Muniz

 

[Signature Page
to Registration Rights Agreement]

 

    21

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	United Airlines Ventures, Ltd.
	 	 
	 	By: 	/s/ Michael Leskinen
	 	Name: Michael Leskinen
	 	Title: President

 

[Signature Page
to Registration Rights Agreement]

 

    

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	Notrevis Investments, LLC
	 	 
	 	By: 	/s/ Charles G. Cascarilla
	 	Name: Charles G. Cascarilla

 

[Signature Page
to Registration Rights Agreement]

 

    22

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	CH/LCV Fund VII, LP
	 	 
	 	By: 	/s/ Emil K. Woods
	 	Name: Emil K. Woods

 

[Signature Page to Registration
Rights Agreement]

 

    23

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	BRETT ADCOCK
	 	 
	 	/s/ Brett Adcock

 

[Signature Page to Registration
Rights Agreement]

 

    24

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	HIGHT DRIVE GROWTH LLC
	 	 
	 	By: 	/s/ Brett Adcock
	 	Name: Brett Adcock
	 	Title: Managing Member

 

[Signature Page to Registration
Rights Agreement]

 

    25

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	ADAM GOLDSTEIN
	 	 
	 	/s/ Adam Goldstein

 

[Signature Page to Registration
Rights Agreement]

 

    26

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	CAPRI GROWTH LCC
	 	 
	 	By: 	/s/ Adam Goldstein
	 	Name: Adam Goldstein
	 	Title: Managing Member

 

[Signature Page to Registration
Rights Agreement]

 

    27

     

    

 

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

 

	 	NEW HOLDER:
	 	 
	 	LUKTEV GMBH
	 	 
	 	By: 	/s/ Lukasz Gadowski
	 	Name: Lukasz Gadowski
	 	Title: Managing Director

 

[Signature Page to Registration
Rights Agreement]

 

    28

     

    

 

Schedule
A

 

ORIGINAL HOLDER:

 

		·	Atlas Crest Investment LLC

 

NEW HOLDERS:

 

		·	Adam Goldstein
	 	 	 

		·	Alps Investment Partners, LP
	 	 	 

		·	AVXVA Inc.
	 	 	 

		·	Brett Adcock
	 	 	 

		·	Capri Growth LLC
	 	 	 

		·	Greycroft Partners VI, L.P.
	 	 	 

		·	Hight Drive Growth LLC
	 	 	 

		·	Luktev GmbH
	 	 	 

		·	Marc Lore
	 	 	 

		·	Mesa Air Group, Inc.
	 	 	 

		·	TCP Archer Aviation LLC
	 	 	 

		·	Thomas Muniz
	 	 	 

		·	United Airlines Ventures, Ltd.
	 	 	 

		·	ZZM, Inc.

 

    29

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