Document:

Exhibit 10.6

 

EXECUTION COPY

 

FIRST AMENDMENT TO REGISTRATION
RIGHTS AGREEMENT

 

THIS FIRST AMENDMENT
TO REGISTRATION RIGHTS AGREEMENT (this “First Amendment”) is made and entered into as of June 10,
2015 by and among: (i) Chart Acquisition Corp., a Delaware corporation (the “Company”), (ii) Tempus Applied
Solutions Holdings, Inc., a Delaware corporation (“Pubco”); (iii) Chart Acquisition Group LLC, a Delaware
limited liability company (“Sponsor”), (iv) Cowen Investments LLC (as assignee of the Common Stock of
Cowen Overseas Investment LP) (“Cowen”) and (v) certain of the other persons or entities described as
Holders in the Registration Rights Agreement (as defined below) and named on the signature pages hereto who have executed this
First Amendment. Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms
in the Registration Rights Agreement (and if such term is not defined in the Registration Rights Agreement, then the Merger Agreement
(as defined below)).

 

RECITALS

 

WHEREAS, the
Company, Sponsor, Cowen and the other Holders named therein are parties to that certain Registration Rights Agreement, dated as
of December 13, 2012 (the “Registration Rights Agreement”), pursuant to which the Company granted certain
registration rights to the Holders with respect to the Company’s securities; and

 

WHEREAS, on
January 5, 2015, the Company entered into a Plan and Agreement of Merger (as amended, including without limitation by the First
Amendment to the Agreement and Plan of Merger, dated as of March 20, 2015, and the Second Amendment to Agreement and Plan of Merger,
dated as of the date hereof, the “Merger Agreement”), with Tempus Applied Solutions, LLC, a Delaware
limited liability company (“Tempus”), each of the persons or entities set forth on Annex A
to the Merger Agreement (the “Members”), Benjamin Scott Terry and John G. Gulbin III, together in
their capacity as Members’ Representative solely for purposes specified in the Merger Agreement (the “Members’
Representative”), Pubco, Chart Merger Sub Inc., a Delaware corporation (“Parent Merger Sub”),
TAS Merger Sub LLC, a Delaware limited liability company (“Tempus Merger Sub”), Chart Financing Sub Inc.,
a Delaware corporation (“Parent Financing Sub”), TAS Financing Sub Inc., a Delaware corporation (“Tempus
Financing Sub”), Chart Acquisition Group LLC, in its capacity as the representative for the equity holders of the
Company and Pubco (other than the Members and their successors and assigns) in accordance with the terms and conditions of the
Merger Agreement, Sponsor, Mr. Joseph Wright and Cowen, solely for the purposes specified in the Merger Agreement; and

 

WHEREAS, pursuant
to the Merger Agreement, (i) each of Parent Merger Sub and Parent Financing Sub will merge with and into the Company (the “Parent
Merger”), with the Company being the surviving entity and a wholly-owned subsidiary of Pubco, and with (A) former
Company shareholders and warrant holders receiving newly issued shares of common stock and warrants, respectively, of Pubco and
(B) former holders of Parent Financing Sub preferred stock receiving newly issued shares of common stock and warrants of Pubco,
(ii) each of Tempus Merger Sub and Tempus Financing Sub will merge with and into Tempus (the “Tempus Merger”
and together with the Parent Merger, the “Mergers”), with Tempus being the surviving entity and a wholly
owned-subsidiary of Pubco, and with (A) the Members receiving newly issued shares of common stock of Pubco and (B) former holders
of Tempus Financing Sub preferred stock receiving newly issued shares of common stock, preferred stock and warrants of Pubco, and
(iii) Pubco will become a publicly traded company; and

 

WHEREAS, the
parties hereto desire to amend the Registration Rights Agreement to add Pubco as a party to the Registration Rights Agreement and
to revise the terms hereof in order to reflect the transactions contemplated by the Merger Agreement, including the issuance of
the Pubco common stock, preferred stock and warrants thereunder; and

 

    	 

    	 

    

 

WHEREAS, pursuant
to Section 5.5 of the Registration Rights Agreement, the Registration Rights Agreement can be amended with the written consent
of the Company and the Holders of at least 66-2/3% of the Registrable Securities at the time in question (provided, that any amendment
that adversely affects one Holder, solely in 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).

 

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

 

1.      
Addition of Pubco as a Party to the Registration Rights Agreement. The parties hereby agree to add Pubco as a party to the
Registration Rights Agreement. The parties further agree that, from and after the consummation of the Mergers, all of the rights
and obligations of the Company under the Registration Rights Agreement shall be, and hereby is, assigned and delegated to Pubco
as if it were the original “Company” party thereto. By executing this First Amendment, Pubco hereby agrees to be bound
by and subject to all of the terms and conditions of the Registration Rights Agreement, as amended by this First Amendment, including
from and after the consummation of the Mergers as if it were the original “Company” party thereto.

 

2.      
Amendments to Registration Rights Agreement. The Parties hereby agree to the following amendments to the Registration Rights
Agreement:

 

(a)      
The defined terms in this First Amendment, including in the preamble and recitals hereto, and the definitions incorporated by reference
from the Merger Agreement, are hereby added to the Registration Rights Agreement as if they were set forth therein.

 

(b)      
Section 1.1 of the Registration Rights Agreement is hereby amended to add the following definition:

 

“Financing
Securities” shall mean (i) the shares of Pubco Common Stock and Pubco Investor Warrants issued in the Parent Merger
to the holders of Parent Financing Sub Series B Non-Voting Preferred Stock, par value $0.0001 per share, (ii) the shares of Pubco
Common Stock or Pubco Series A Preferred Stock issuable upon the exercise and/or redemption of such Pubco Investor Warrants, (iii)
the shares of Pubco Common Stock issuable upon the conversion of such Pubco Series A Preferred Stock and (iv) any other securities
of the Pubco or any successor entity issued in consideration of (including as a stock split, dividend or distribution) or in exchange
for any of the securities described in clauses (i) through (iii) above.

 

(c)      
The parties hereby agree that the term “Registrable Security” shall include any shares of Pubco Common
Stock, Pubco Warrants and Financing Securities issued by Pubco under the Merger Agreement in connection with the Mergers, and any
other securities of Pubco or any successor entity issued in consideration of (including as a stock split, dividend or distribution)
or in exchange for any of such securities.

 

(d)      
The parties agree that the terms “Founder Lock-Up Period” and “Placement Unit Lock-Up Period” shall not
apply to any Financing Securities and the restrictions on any Holder during the Founder Lock-Up Period and Placement Unit Lock-Up
Period (including any restrictions on assignment under Section 5.2.1 of the Registration Rights Agreement) shall not apply with
respect to any Financing Securities.

 

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(e)      
The parties hereby agree to add the following Section 5.8:

 

“5.8   Descriptive
Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute
a part of this Agreement. The use of the word “including”, “include” or “includes” in this
Agreement shall be by way of example rather than by limitation.”

 

3.       Acknowledgement of other Registration Rights Agreement. The parties hereby acknowledge that, notwithstanding Section 5.6
of the Registration Rights Agreement, in connection with the Merger Agreement, upon the consummation of the Mergers, Pubco will
enter into a Registration Rights Agreement (as defined in the Merger Agreement) with respect to the Pubco securities to be issued
in the Tempus Merger to the Members and holders of Tempus Financing Sub preferred stock, and consent to the foregoing.

 

4.       Miscellaneous. Except as expressly provided in this First Amendment, all of the terms and provisions in the Registration
Rights Agreement are and shall remain in full force and effect, on the terms and subject to the conditions set forth therein. This
First Amendment does not constitute, directly or by implication, an amendment or waiver of any provision of the Registration Rights
Agreement, or any other right, remedy, power or privilege of any party thereto, except as expressly set forth herein. Any reference
to the Registration Rights Agreement in the Registration Rights Agreement or any other agreement, document, instrument or certificate
entered into or issued in connection therewith shall hereinafter mean the Registration Rights Agreement, as amended by this First
Amendment (or as the Registration Rights Agreement may be further amended or modified after the date hereof in accordance with
the terms thereof). The terms of this First Amendment shall be governed by and construed in a manner consistent with the provisions
of the Registration Rights Agreement, including Sections 5.4 thereof.

 

[REMAINDER OF
PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGES FOLLOW]

 

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IN WITNESS WHEREOF,
each party hereto has signed or has caused to be signed by its officer thereunto duly authorized this First Amendment to Registration
Rights Agreement as of the date first above written.

 

	 	Company:
	 	 
	 	CHART ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	 	Name:  Christopher D. Brady
	 	 	Title:  President
	 	 	 
	 	Pubco:
	 	 
	 	TEMPUS APPLIED SOLUTIONS HOLDINGS, INC.
	 	 
	 	By:	 
	 	 	Name:  Christopher D. Brady
	 	 	Title:  President
	 	 
	 	Holders:
	 	 
	 	CHART ACQUISITION GROUP LLC
	 	 
	 	By:	The Chart Group L.P.
	 	 	 
	 	By:	 
	 	 	Name:  Christopher D. Brady
	 	 	Title:  Manager
	 	 
	 	COWEN INVESTMENTS LLC
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	THE CHART GROUP L.P.
	 	 
	 	By:	 
	 	 	Name:  Christopher D. Brady
	 	 	Title:  Manager

 

[Signature Page to First Amendment to
Registration Rights Agreement]

 

    	 

    	 

    

 

Holders (cont.):

 

	 	 	 
	
        Abdulwahab Al-Nakib
	 	
        Geoffry Nattans

	 	 	 
	 	 	 
	
        Joseph Boyle
	 	
        Governor Thomas Ridge 

	 	 	 
	 	 	 
	
        Christopher Brady 
	 	
        Charlene Ryan

	 	 	 
	 	 	 
	
        David Collier 
	 	
        Margaret Saracco

	 	 	 
	 	 	 
	Senator Joseph Robert Kerrey 	 	Timothy N. Teen
	 	 	 
	 	 	 
	
         Deirdre Kilmartin
	 	
         Cole Van Nice

	 	 	 
	 	 	 
	
        Michael LaBarbera 
	 	
        H. Whitney Wagner

	 	 	 
	 	 	 
	
        Khaled El-Marsafy (Fourth and Market)
	 	
        Joseph R. Wright

	 	 	 
	 	 	 
	
        Matthew McCooe
	 	Young-Gak Yun
	 	 	 
	 	 	 
	Manuel D. Medina	 	 

 

[Signature Page to First Amendment to
Registration Rights Agreement]Exhibit 10.7

 

THIS
PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION
OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.  

 

PROMISSORY NOTE

  

	Principal Amount: $308,333	Dated as of June 10, 2015
	 	New York, New York

 

Chart
Acquisition Corp., a Delaware corporation and blank check company (the “Maker”), promises to pay to the
order of Chart Acquisition Group LLC or its registered assigns or successors in interest (the
“Payee”), or order, the principal sum of Three Hundred Eight Thousand Three Hundred and Thirty Three Dollars
($308,333) (the “Principal Amount”) in lawful
money of the United States of America, on the terms and conditions described below.  All payments on this Note shall
be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the
Payee may from time to time designate by written notice in accordance with the provisions of this Note. 

 

1.            Principal. The principal balance
of this promissory note (this “Note”) shall be payable on the earlier of: (i) July 31, 2015; or (ii) the date
on which Maker consummates its initial business combination (as described in the prospectus contained in Maker’s registration
statement on Form S-1 (the “Registration Statement”) filed with the Securities and Exchange Commission in connection
with Maker’s initial public offering (the “IPO”)). The principal balance may be prepaid at any time.

 

2.            Interest. No interest shall
accrue on the unpaid principal balance of this Note.

 

3.            Application of Payments. All payments
shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without
limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally to the reduction of
the unpaid principal balance of this Note. 

 

4.            Events of Default. The following
shall constitute an event of default (“Event of Default”):

 

(a)            Failure to Make
Required Payments. Failure by Maker to pay the obligations due pursuant to this Note within five (5) business days of the date
specified above.

 

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(b)            Voluntary Bankruptcy,
Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation
or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee,
custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of
any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the
taking of corporate action by Maker in furtherance of any of the foregoing.

 

(c)            Involuntary Bankruptcy,
Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary
case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or
liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive
days.

 

5.            Remedies.

 

(a)            Upon the occurrence
of an Event of Default specified in Section 4(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately
and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable thereunder, shall become immediately
due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything
contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)            Upon the occurrence
of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of this Note, and all other sums payable
with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part
of Payee.

 

6.            Waivers. Maker waives presentment
for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections
in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any
present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such
property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process,
or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained
by virtue hereof, on any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired
by Payee.

 

7.            Unconditional Liability. Maker
hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this
Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be
affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee,
and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to
the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become
parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

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8.            Notices. All notices, statements
or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered personally or sent
by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated
in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be
designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided to such
party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication so
transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt
of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier
service or five (5) days after mailing if sent by mail.

 

9.           Construction. THIS NOTE SHALL
BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

10.          Severability. Any provision contained
in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

11.          Trust Waiver. Notwithstanding
anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”)
in or to any distribution of or from the trust account (“Trust Account”) established by Maker in which the proceeds
of the IPO (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the units issued in
the private placement that occurred concurrent with the IPO, as described in greater detail in the Registration Statement, and
hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason
whatsoever.

 

12.          Amendment; Waiver. Any amendment
hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee. 

 

13.          Assignment.
This Note may be assigned by the Payee.

 

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IN WITNESS WHEREOF, Maker, intending to be legally
bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

 

	 	CHART ACQUISITION CORP.
	 	 	 
	 	By:	/s/ Michael LaBarbera
	 	 	Name: Michael
LaBarbera
	 	 	Title:   Chief Financial Officer

 

 

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