Document:

Exhibit 10.2

           

        

        Execution Version

      

       

        

      REGISTRATION RIGHTS AGREEMENT

       

      THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”), is made as of September 29, 2021, by and among Dream
        Finders Homes, Inc., a Delaware corporation (the “Company”), and each of the parties listed on Schedule A hereto, each of which is referred to in this Agreement as a “Holder”.

       

      RECITALS

       

      WHEREAS, This Agreement is made pursuant to that certain Subscription Agreement, dated as of September 8, 2021 between the Company and each Holder (the “Subscription Agreement”);

       

      WHEREAS, the Holders and the Company hereby agree that this Agreement shall govern the rights of the Holders to cause the Company to register Registrable Securities (as defined below) held or issuable to the Holders as set forth in this
          Agreement;

       

      NOW, THEREFORE, the parties hereby agree as follows:

       

      1.          Definitions. 

          For purposes of this Agreement:

       

      1.1         “Adverse Disclosure” means public disclosure of material non-public information that, in the Board of Directors’ good faith judgment, after consultation with independent outside counsel to the Company, (a) would be
          required to be made in any Registration Statement or report filed with the SEC by the Company so that such Registration Statement from and after its effective date, does not contain an untrue statement of material fact or omit to state a material
          fact required to be stated therein or necessary to make the statements therein not misleading; (b) would not be required to be made at such time but for the filing, effectiveness or continued use of such Registration Statement or report; and (c)
          would have a material adverse effect on the Company or its business or on the Company’s ability to effect a material proposed acquisition, disposition, financing, reorganization, recapitalization or similar transaction.

       

      1.2         “Affiliate” means, with respect to any specified Person, any other Person who, directly or indirectly, controls, is controlled by, or is under common control with such Person, including any general partner, managing
          member, manager, officer or director of such Person or any venture capital or private equity fund now or hereafter existing that is controlled by one or more general partners or managing members of, or shares the same management company with,
          such Person.

       

      1.3          “Board of Directors” means the board of directors of the Company.

       

      1.4          “Business Day” means any day of the year on which national banking institutions in Jacksonville, Florida are open to the public for conducting business and are not required or authorized to close.

       

      1.5          “Certificate of Designation” means that certain Certificate of Designations for the Company’s Series A Convertible Preferred Stock, dated as of September 29, 2021.

       

      
        
          

      

      1.6          “Class A Common Stock” means the Class A common stock, par value $0.01 per share, of the Company.

       

      1.7          “Closing” has the meaning set forth in the Subscription Agreement.

       

      1.8          “Damages” means any loss, damage, claim or liability (joint or several) to which a party hereto may become subject under the Securities Act, the Exchange Act, or other federal or state law, insofar as such loss,
          damage, claim or liability (or any action in respect thereof) arises out of or is based upon:  (a) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement of the Company, including any
          preliminary Prospectus or final Prospectus contained therein or any amendments or supplements thereto; (b) an omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein
          not misleading; or (c) any violation or alleged violation by the indemnifying party (or any of its agents or Affiliates) of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation promulgated under the Securities
          Act, the Exchange Act, or any state securities law.

       

      1.9          “Demand Notice” has the meaning given to such term in Section 2.2(a).

       

      1.10        “Demand Period” has the meaning given to such term in Section 2.2(e).

       

      1.11        “Demand Suspension” has the meaning given to such term in Section 2.2(f).

       

      1.12        “Excluded Registration” means (a) a registration relating to the sale of securities to employees of the Company or a subsidiary pursuant to a stock option, stock purchase, or similar plan; (b) a registration relating
          to a transaction under Rule 145 of the Securities Act; (c) a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable
          Securities; or (d) a registration in which the only Class A Common Stock being registered is Class A Common Stock issuable upon conversion of debt securities that are also being registered.

       

      1.13        “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

       

      1.14        “Form S-1” means such form under the Securities Act as in effect on the date hereof, Form F-1 or any successor registration form thereto under the Securities Act subsequently adopted by the SEC.

       

      1.15        “Form S-3” means such form under the Securities Act as in effect on the date hereof, Form F-3 or any registration form thereto under the Securities Act subsequently adopted by the SEC that permits incorporation of
          substantial information by reference to other documents filed by the Company with the SEC.

       

      1.16        “Free Writing Prospectus” shall mean any “free writing prospectus” as defined in Rule 405 promulgated under the Securities Act.

       

      
        
          

      

      1.17        “Holder” has the meaning given to such term in the preamble.

       

      1.18        “Immediate Family Member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including
          adoptive relationships) of a natural person referred to herein.

       

      1.19        “Initiating Holder” means any of the Holders, after properly initiating a registration request under this Agreement.

       

      1.20        “Notice” has the meaning given to such term in Section 3.4.

       

      1.21        “Person” means any individual, corporation, partnership, trust, limited liability company, association or other entity.

       

      1.22       “Prospectus” means the prospectus included in any Registration Statement, all amendments and supplements to such prospectus, including pre- and post-effective amendments to such Registration Statement, and all other
          material incorporated by reference in such prospectus.

       

      1.23        “Registrable Securities” means (a) any Series A Convertible Preferred Stock owned by the Holders; (b) any other security held by any Holder that may be issued or distributed or be issuable in respect of any such shares
          by way of conversion, dividend, stock split or other distribution, merger, consolidation, exchange, recapitalization or reclassification or similar transaction, including those shares of Class A Common Stock that may be issued upon conversion of
          Series A Convertible Preferred Stock; (c) any securities issued as a distribution with respect to, or in exchange for or in replacement of any of such shares; and (d) any securities issued or transferred in exchange for or upon conversion of any
          of such shares as a result of a merger, consolidation, reorganization or otherwise (including any securities issued upon the conversion of the Company to a successor corporation) and any other securities issued to any Holder in connection with
          any such transaction; excluding in all cases, however, any Registrable Securities sold by a Person in a transaction in which the applicable rights under this Agreement are not assigned pursuant to Section

              3.1, and excluding for purposes of Section 2 any Series A Convertible Preferred Stock or Class A Common Stock for which registration rights have terminated pursuant to Section 2.11 of this Agreement.

       

      1.24        “Registrable Securities then outstanding” means the number of shares determined by adding the number of shares of outstanding Series A Convertible Preferred Stock that are Registrable Securities and the number of
          shares of Class A Common Stock issuable (directly or indirectly) pursuant to then exercisable and/or convertible securities that are Registrable Securities, including Series A Convertible Preferred Stock.

       

      1.25       “Registration Statement” means any registration statement of the Company filed with, or to be filed with, the SEC under the rules and regulations promulgated under the Securities Act, including the related Prospectus,
          amendments and supplements to such registration statement, including pre- and post-effective amendments, and all exhibits and all material incorporated by reference in such registration statement.

       

      
        
          

      

      1.26        “SEC” means the Securities and Exchange Commission.

       

      1.27        “SEC Rule 144” means Rule 144 promulgated by the SEC under the Securities Act.

       

      1.28        “SEC Rule 415” means Rule 415 promulgated by the SEC under the Securities Act.

       

      1.29        “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

       

      1.30        “Series A Convertible Preferred Stock” means the Company’s Series A Convertible Preferred Stock, par value $0.01 per share, issued or issuable to the Holders pursuant to the Subscription Agreement.

       

      1.31        “Subscription Agreement” has the meaning given to such term in the preamble.

       

      1.32        “Underwritten Offering” means a sale of securities of the Company to an underwriter or underwriters for reoffering to the public.

       

      1.33        “WKSI” means a “well known seasoned issuer” as defined in Rule 405 promulgated under the Securities Act.

       

      2.          Registration

              Rights.  The Company covenants and agrees as follows:

       

      2.1         Form

              S-3 Registration.  Within the earlier of (a) three Business Days after the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021; and (b) six months after the Closing, the Company shall file
          a Registration Statement on Form S-3 under the Securities Act (or Form S-1, if the Company is not eligible to use Form S-3) covering the resale of Registrable Securities consisting of all of the Series A Convertible Preferred Stock owned by the
          Holders and such number of shares of Class A Common Stock that may be issued upon conversion of Series A Convertible Preferred Stock equal to 19.9% of the outstanding shares of Class A Common Stock as of the date of the Certificate of Designation
          held by the Holders as of the date of the filing of such Annual Report on Form 10-K for an offering to be made on a continuous basis pursuant to SEC Rule 415.  If the Company has breached such requirement pursuant to this Section 2.1, in addition to the Regular Dividends (as defined in the Certificate of Designation) that accumulate on the Convertible Preferred
          Stock as set forth in the Certificate of Designations, (i) if such breach has been cured within 30 days, each Holder shall be entitled to an additional 2% per annum for one full Regular Dividend Period (as defined in the Certificate of
          Designation) payable on the next Regular Dividend Payment Date (as defined in the Certificate of Designation); and (ii) for each additional 30 day period in which the Company has failed to
          cure such breach, each Holder shall be entitled to an additional 2% per annum for an additional full Regular Dividend Period, until a Registration Statement has been filed in accordance with this Section

              2.1.

       

      
        
          

      

      2.2          Demand

              Registration.

       

      (a)          Form

              S-1 and S-3 Demand.

       

      (i)          If at any time after the Closing
          but prior to the filing of the Registration Statement by the Company pursuant to Section 2.1, the Company receives a request from the Initiating Holder that the Company file a
          Registration Statement on Form S-1 with respect to the resale of Registrable Securities having an anticipated aggregate offering price in excess of $20 million (but in any event limited to all shares of Series A Convertible Preferred Stock and
          such number of shares of Class A Common Stock that may be issued upon conversion of Series A Convertible Preferred Stock equal to 19.9% of the outstanding shares of Class A Common Stock as of the date of the Certificate of Designation), then the
          Company shall (1) within 10 days after the date such request is given, give notice thereof (the “Demand Notice”) to all Holders other than the Initiating Holder; and (2) as
          soon as practicable, and in any event within 60 days after the date such request is given by the Initiating Holder, file a Registration Statement on Form S-1 under the Securities Act covering the resale of such Registrable Securities that the
          Initiating Holder requested to be registered and any additional Registrable Securities requested to be included in such registration by any other Holders (but subject to the limits set forth herein) for an offering to be made on a continuous
          basis pursuant to SEC Rule 415, as specified by notice given by each such Holder to the Company within 10 days of the date the Demand Notice is given, and in each case, subject to the limitations set forth in Section 2.2.

       

      (ii)          If at any time after the
          effectiveness of the Registration Statement filed by the Company pursuant to Section 2.1 and the receipt by the Company of the Requisite Stockholder Approval (as defined in the
          Certificate of Designations), the Company receives a request from the Initiating Holder that the Company file a Registration Statement on Form S-3 under the Securities Act (or Form S-1, if the Company is not eligible to use Form S-3) with respect
          to the resale of Registrable Securities not included in the Registration Statement filed pursuant to Section 2.1 having an anticipated aggregate offering price in excess of $20 million (but in any event limited to all shares of Series A
          Convertible Preferred Stock and such number of shares of Class A Common Stock that may be issued upon conversion of Series A Convertible Preferred Stock equal to the product of (a) the average of the Last Reported Sale Price (as defined in the
          Certificate of Designation) for the Class A Common Stock for the 90 Trading Days (as defined in the Certificate of Designation) immediately preceding the delivery of the Demand Notice required by this section) by (b) 0.70), then the Company shall
          (1) within 10 days after the date such request is given, give a Demand Notice to all Holders other than the Initiating Holder; and (2) as soon as practicable, and in any event within 60 days after the date such request is given by the Initiating
          Holder, file a Registration Statement on Form S-3 under the Securities Act (or Form S-1, if the Company is not eligible to use Form S-3) covering the resale of such Registrable Securities that the Initiating Holder requested to be registered and
          any additional Registrable 

        

      
        
          

      

      
        Securities requested to be included in such registration by any other Holders (but subject to the limits set forth herein) for
            an offering to be made on a continuous basis pursuant to SEC Rule 415, as specified by notice given by each such Holder to the Company within 10 days of the date the Demand Notice is given, and in each case, subject to the limitations set forth
            in Section 2.2.

         

        

      (b)          Form S-3 Demand.  If at any time when it is eligible to use Form S-3, the
        Company receives a request from the Initiating Holder that the Company file a Registration Statement, including a shelf registration statement (and if at such time the Company is a WKSI, an automatic shelf registration statement) on Form S-3 with
        respect to outstanding Registrable Securities of the Initiating Holder, then the Company shall (1) within 10 days after the date such request is given, give a Demand Notice to all Holders except the Initiating Holder; and (2) as soon as
        practicable, and in any event within 30 days after the date such request is given by the Initiating Holder, file a Registration Statement on Form S-3 under the Securities Act covering all Registrable Securities requested to be included in such
        registration by any other Holders, as specified by notice given by each such Holder to the Company within 10 days of the date the Demand Notice is given, and in each case, subject to the limitations of Section
            2.2 and Section 2.4.

       

      (c)          At any time, and from time-to-time, during the
          period during which a shelf registration statement is effective (except during a Demand Suspension, as defined below), the Initiating Holder may notify the Company in writing (the “Takedown

            Request”), of the intent to sell Registrable Securities covered by the Registration Statement (in whole or in part) in an offering (a “Shelf Offering”).  Such
          Takedown Request shall specify the aggregate number of Registrable Securities requested to be registered in such Shelf Offering.  Within 10 days after receipt by the Company of such Takedown Request, the Company shall deliver a written notice (a
          “Takedown Notice”) to each other Holder informing each such other Holder of its right to include Registrable Securities in such Shelf Offering.  As soon as reasonably
          practicable and in any event no later than 5 Business Days after receipt of a Takedown Notice (and no later than 2 Business Days after the receipt of such Demand Notice in the case of a “bought deal,” a “registered direct offering” or an
          “overnight transaction” where no preliminary prospectus is used), each such other Holder shall have the right to request in writing that the Company include all or a specific portion of the Registrable Securities held by such other Holder in such
          Shelf Offering and the Company shall include such Registrable Securities in such Shelf Offering.

       

      (d)          Notwithstanding anything to the contrary in this
          Agreement, (i) if the SEC or any SEC guidance sets forth a limitation on the number of Registrable Securities permitted to be registered on a particular Registration Statement, the number of Registrable Securities to be registered on such
          Registration Statement will be reduced to the extent applicable (which reduction shall be pro rata among all such selling shareholders whose securities are included in such Registration Statement); and (ii)  in no event shall the Company be
          permitted to name any Holder or such Holder’s Affiliate as an underwriter without the prior written consent of such Holder.

       

        

      (e)          Notwithstanding the foregoing obligations, if the
          Company furnishes to Holders requesting a Registration Statement or Takedown Request pursuant to this Section 2.2 a certificate signed by the Company’s chief executive officer stating
          that in the good faith judgment of the Board of Directors it would be materially detrimental to the Company and its stockholders 

       

      
        
          

      

      for such Registration Statement, including any shelf registration statement, to either become effective or remain effective for as long as such
          Registration Statement otherwise would be required to remain effective, or for the prospectus supplement, related to the Registration Statement to be filed pursuant to the Takedown Request, to be filed because such action would:  (i) materially
          interfere with a significant acquisition, corporate reorganization, or other similar transaction involving the Company; (ii) require the Company to make an Adverse Disclosure; (iii) render the Company unable to comply with requirements under the
          Securities Act or Exchange Act; or (iv) in the good faith judgment of the Board of Directors, otherwise be materially detrimental to the Company and its stockholders for such Registration Statement or prospectus supplement to be filed (a “Demand Suspension”), then the Company shall have the right to defer taking action with respect to such filing or notify the Holders to suspend the use of the Registration
          Statement that has already been declared effective, as applicable, and any time periods with respect to filing or effectiveness thereof shall be tolled correspondingly, for a period of not more than 60 days (or 30 days in the case of clause (iv)
          after the request of the Initiating Holder is given) during any calendar year; provided, however, that the Company may not
          invoke this right more than twice in any 12-month period, and at least 30 days must elapse between each Demand Suspension.  If a Demand Suspension is made because the Registration Statement or Takedown Request would require the Company to make an
          Adverse Disclosure, such Demand Suspension shall terminate at such time as the public disclosure of such information is made.  The Company shall immediately notify the Holders upon the termination of any Demand Suspension, without any further
          request from a Holder.

       

      (f)          The Company shall not be obligated to effect, or to
          take any action to effect, any registration pursuant to Section 2.2: (i) during the period that is 60 days before the Company’s good faith estimate of the date of filing of, and ending
          on a date that is 90 days after the effective date of, a Company-initiated registration; provided that the Company is actively employing in good faith commercially reasonable efforts to
          cause such Registration Statement to become effective and may only exercise this right once in any 12-month period; or (ii) after the Company has effected up to one registration requested by the Initiating Holder pursuant to Section 2.2(a)(i), up to one registration requested by the Initiating Holder pursuant to Section 2.2(a)(ii) and up to three
          registrations requested by the Initiating Holder pursuant to Section 2.2(b).  A registration shall not be counted as “effected” for purposes of Section 2.2 until such time as the applicable Registration Statement has been declared effective by the SEC and, in the case of a registration pursuant to Section 2.2(a),
          remains effective for not less than 180 days (or such shorter period as shall terminate when all Registrable Securities covered by such Registration Statement have been sold or withdrawn) (the “Demand Period”).  No registration pursuant to Section 2.2 shall be deemed to have been effected if during the Demand Period such registration is interfered
          with by any stop order, injunction or other order or requirement of the SEC or other governmental agency or court.

       

      (g)        Any Holders that have requested its Registrable
          Securities be included in any registration pursuant to Section 2.2 may withdraw all or any portion of its Registrable Securities from such registration at any time prior to the
          effectiveness of the applicable Registration Statement. The Company shall continue all efforts to secure effectiveness of the applicable Registration Statement in respect of the Registrable Securities of any other Holder that has requested
          inclusion in the demand registration pursuant to Section 2.2 so long as the Initiating 

       

      
        
          

      

      

        Holder has requested and not withdrawn all of his Registrable Securities to be included in such registration; provided, however, if the Initiating Holder has requested for all of his Registrable Securities to be withdrawn from such registration, the Company shall immediately cease all efforts to secure
          effectiveness of the applicable Registration Statement, even if one or more other Holders have requested for Registrable Securities to be included in such applicable Registration Statement pursuant to Section 2.2, and such withdrawn registration shall not count towards the limitation on registrations set forth in Section 2.2(e) so long as the applicable
          Registration Statement has not been filed or submitted to the SEC.

       

        

      (h)          In the event any Holder requests to participate in
          a registration pursuant to this Section 2.2 in connection with a distribution of Registrable Securities to its partners or members, the registration shall provide for resale by such
          partners or members, if requested by the Holder.

       

      (i)           For purposes of this Section 2.2, the Company shall use commercially reasonable efforts to qualify for registration on Form S-3 for secondary sales and, during such time as the Company is so qualified, shall effect any registration
          of secondary sales on Form S-3 after such qualification.

       

      (j)           For avoidance of doubt, nothing in the Agreement
          provides any Holder with the right to demand a Registration Statement (or inclusion in any Registration Statement) involving an Underwritten Offering.

       

      2.3          Company

              Offering.

       

      (a)          If the Company proposes to offer (including, for
          this purpose, a registration effected by the Company for its stockholders other than the Holders) any of its securities under the Securities Act in connection with the public offering of such securities (including an “at-the market offering,” a
          “bought deal” or a “registered direct offering”) solely for cash (other than in an Excluded Registration), the Company shall, at such time, promptly give each Holder notice of such offering (a “Company Offering”). Such notice shall specify, as applicable, the amount of Class A Common Stock to be registered, the proposed filing date of the registration statement or applicable prospectus supplement and the
          proposed minimum offering price of the Class A Common Stock, in each case, to the extent then known. In the case of an offering under a shelf registration statement previously filed or to be filed by the Company pursuant to Rule 415 under the
          Securities Act, including where the Company qualifies as a WKSI, such notice shall be sent as promptly as reasonably practicable and in any event no later than 10 days prior to the expected date of filing of such registration statement or
          commencement of marketing efforts for such offering (and no later than 5 days prior in the case of a “bought deal,” a “registered direct 

       

      
        
          

      

      offering” or an “overnight transaction” where no preliminary prospectus is used). In the case of a Company Offering under a registration statement to be
          filed that is not a shelf registration statement, such notice shall be given as promptly as reasonably practicable and, in any event, no later than 10 days prior to the expected date of filing of such registration statement. Upon the written
          request of each Holder given within 5 Business Days after such notice is given by the Company (except that each Holder shall have 2 Business Days after the Company gives such notice to request inclusion of Registrable Securities in the Company
          Offering in the case of a “bought deal,” a “registered direct offering” or an “overnight transaction” where no preliminary prospectus is used), the Company shall, subject to the provisions of Section
              2.4, as promptly as reasonably practicable cause to be registered or include in the prospectus supplement, as applicable, all of the Registrable Securities that each such Holder has requested to be included in such registration.
          The Company shall have the right to terminate or withdraw any offering initiated by it under this Section 2.3 before the effective date of such offering, whether or not any Holder has
          elected to include Registrable Securities in such offering.  The expenses of such withdrawn offering shall be borne by the Company in accordance with Section 2.6.

       

        

      (b)          No offering of Registrable Securities effected
          pursuant to a request under this Section 2.3 shall be deemed to have been effected pursuant to Section 2.2 or shall relieve
          the Company of its obligations under Section 2.2.

       

      (c)         Each Holder shall be permitted to withdraw all or
          part of its Registrable Securities in an offering under this Section 2.3 by giving written notice to the Company of its request to withdraw; provided that (i) such request must be made in writing prior to the effectiveness of such Registration Statement or, in the case of a public offering, at least 5 Business Days prior to the earlier of the anticipated
          filing of the “red herring” Prospectus, if applicable, and the anticipated pricing or trade date; and (ii) such withdrawal shall be irrevocable and, after making such withdrawal, the Holder shall no longer have any right to include Registrable
          Securities in such offering as to which such withdrawal was made.

       

      2.4          Obligations

              of the Company.  Whenever required under this Section 2 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably
          possible:

       

      (a)          prepare and file a Registration Statement with respect to such Registrable Securities and use commercially
        reasonable efforts to cause such Registration Statement to become effective, and, to keep such Registration Statement effective for a period of up to 180 days or, if earlier, until the distribution contemplated in the Registration Statement has
        been completed, provided, however, that in the case of an automatic Registration Statement on Form S-3, where the Company
        shall use commercially reasonable efforts to keep such Registration Statement effective for three years from the date of effectiveness, which period may be extended, at the request of the Holders of a majority of the Registrable Securities
        registered thereunder, until the earlier of (A) the effective date of the new Registration Statement; or (B) 180 days after the third anniversary of the initial effective date of the prior automatic Registration Statement on Form S-3; in each case,
        subject to compliance with applicable SEC rules;

       

      (b)         (i) prepare and file with the SEC such amendments, including post-effective amendments, and supplements to
        such Registration Statement, and the Prospectus used in connection with such Registration Statement, as may be necessary to comply with the Securities Act in order to enable the disposition of all securities covered by such Registration Statement
        through the applicable periods during which the Company is obligated to maintain the effectiveness of such Registration Statement; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so
        supplemented or amended to be filed pursuant to Rule 424 promulgated by the SEC under the Securities Act; and (iii) respond to 

      

       

      
        
          

      

      

       any comments received from the SEC with respect to each Registration Statement or any amendment thereto;

       

      

      (c)          that, to the extent practicable, at least 5 Business Days prior to filing any registration statement or prospectus or any amendments or
        supplements thereto, the Company shall furnish to the holders of the Registrable Securities covered by such registration statement and their counsel, copies of all such documents proposed to be filed;

       

      (d)          furnish to the selling Holders such numbers of
          copies (which, for the avoidance of doubt, may be electronic copies) of the signed Registration Statement, any post-effective amendment thereto, a Prospectus, including a preliminary Prospectus, as required by the Securities Act, any amendments
          or supplements thereto, any Free Writing Prospectus, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities;

       

      (e)          use commercially reasonable efforts to register and
          qualify the securities covered by such Registration Statement under such other securities or blue-sky laws of such jurisdictions as shall be reasonably requested by the selling Holders; provided
          that the Company shall not be required to qualify to do business or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be
          required by the Securities Act;

       

      (f)          cooperate with each Holder participating in the
          disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA;

       

      (g)          if the Company is eligible under the relevant
          provisions of Rule 430B under the Securities Act, if the Company files any shelf Registration Statement, include in such shelf Registration Statement such disclosures as may be required by Rule 430B under the Securities Act (referring to the
          unnamed selling security holders in a generic manner by identifying the initial offering of the securities to the Holders) in order to ensure that the Holders may be added to such shelf Registration Statement at a later time through the filing of
          a Prospectus supplement rather than a post-effective amendment;

       

      (h)         use commercially reasonable efforts to cause all
          such Registrable Securities covered by such Registration Statement to be listed on a national securities exchange or trading system and each securities exchange and trading system (if any) on which similar securities issued by the Company are
          then listed;

       

      (i)          (1) provide a transfer agent and registrar for all
          Registrable Securities registered pursuant to this Agreement and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; and (2) cooperate with any selling Holders to
          facilitate the timely preparation and delivery of book-entry interests representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which book-entry interests shall be free of all restrictive legends
          indicating that the Registrable Securities are unregistered or unqualified for resale under the Securities Act, Exchange 

        

       

      
        
          

      

      Act or other applicable securities laws, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holder may request in writing;
       

        

      (j)           notify each selling Holder, 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;

       

      (k)        after such Registration Statement becomes effective,
          promptly notify each selling Holder of any (i) request by the SEC that the Company amend or supplement such Registration Statement or Prospectus; or (ii) stop order or other order suspending the effectiveness of any registration statement, issued
          or threatened in writing by the SEC in connection therewith, and use commercially reasonable efforts to prevent the entry of such stop order or to remove it or obtain withdrawal of it as soon as practicable if entered; and

       

      (l)           promptly notify each seller of Registrable
          Securities covered by such registration, upon discovery by an executive officer of the Company that the prospectus included in such registration, as then in effect, includes an 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 not misleading, and promptly thereafter prepare and file with the SEC and furnish to such seller a reasonable number of copies of a supplement to or an amendment of
          such prospectus as may be necessary so that, as thereafter delivered to the purchasers or prospective purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact
          required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they are made.

       

      2.5          Furnish

              Information.  It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 2 with respect to the Registrable Securities
          of any selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as is reasonably required to effect the
          registration of such Holder’s Registrable Securities.  All penalties set forth in Section 2 shall be tolled to the extent that the Company is unable to file a Registration Statement
          because a selling Holder has not responded to such request in a commercially timely manner.

       

      2.6          Expenses

              of Registration.  All expenses incurred in connection with registrations pursuant to Section 2 shall be borne and paid by the Company; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 2.2 if the registration request is subsequently withdrawn at the request of the Initiating Holder (in which case all selling Holders shall bear such expenses pro rata based upon the
          number of Registrable Securities that were to be included in the withdrawn registration); provided further, that if, at the
          time of such withdrawal, the Holders shall have learned of a material adverse change in the condition, business, or prospects of the Company from that known to the Holders at the time of their request and have withdrawn the request with
          reasonable promptness after learning of such information then the Holders shall not be required to pay any of such expenses and shall not forfeit their right to one registration pursuant to Section

              2.2(a).

       

      
        
          

      

      2.7        Delay

              of Registration.  No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any registration pursuant to this Agreement as the result of any controversy that might arise with respect to the
          interpretation or implementation of this Section 2.

       

      2.8          Indemnification. 

          If any Registrable Securities are included in a Registration Statement under this Section 2:

       

      (a)          To the extent permitted by law, the Company will
          indemnify, defend, and hold harmless each selling Holder, and the partners, members, officers, directors, and stockholders of each such Holder; one legal counsel and one accountant for the Initiating Holder, and each Person, if any, who controls
          such Holder within the meaning of the Securities Act or the Exchange Act, against any Damages, and the Company will pay to each such Holder, controlling Person, or other aforementioned Person any legal or other expenses reasonably incurred
          thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; provided, however, that the indemnity agreement contained in this Section 2.8(a) shall not apply to amounts paid in settlement of any such claim or proceeding if such
          settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld, conditioned, or delayed), nor shall the Company be liable for any Damages to the extent that they arise out of or are based upon actions
          or omissions made in reliance upon and in conformity with written information furnished by or on behalf of any such Holder, controlling Person, or other aforementioned Person expressly for use in connection with such registration.

       

      (b)          To the extent permitted by law, each selling
          Holder, severally and not jointly, will indemnify, defend, and hold harmless the Company, and each of its directors, each of its officers who has signed the Registration Statement, each Person (if any) who controls the Company within the meaning
          of the Securities Act, and legal counsel and accountants for the Company, any other Holder selling securities in such Registration Statement, and any controlling Person of any such Holder, against any Damages, in each case only to the extent that
          such Damages arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of such selling Holder expressly for use in connection with such registration; and each
          such selling Holder will pay to the Company and each other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such
          expenses are incurred; provided, however, that the indemnity agreement contained in this Section 2.8(b) shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld,
          conditioned, or delayed); and provided, further, that in no event shall the aggregate amounts payable by such Holder by way
          of indemnity or contribution under Section 2.8(b) and Section 2.8(d) exceed the proceeds from the offering received by such
          Holder, except in the case of fraud or willful misconduct by such Holder.

       

        

      (c)          Promptly after receipt by an indemnified party
          under this Section 2.8 of notice of the commencement of any action (including any governmental action) for which a party may be entitled to indemnification hereunder, such indemnified
          party will, if a claim in respect 

       

      
        
          

      

       thereof is to be made against any indemnifying party under this Section 2.8, give the
          indemnifying party notice of the commencement thereof.  The indemnifying party shall have the right to participate in such action and, to the extent the indemnifying party so desires, participate jointly with any other indemnifying party to which
          notice has been given, and to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however,
          that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party,
          if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in
          such action.  The failure to give notice to the indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of any liability to the indemnified party under this Section 2.8, to the extent that such failure actually and materially prejudices the indemnifying party’s ability to defend such action.  The failure to give notice to the indemnifying party
          will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.8.

       

      (d)          To provide for just and equitable contribution to
          joint liability under the Securities Act in any case in which either:  (i) any party otherwise entitled to indemnification hereunder makes a claim for indemnification pursuant to this Section 2.8
          but it is judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such
          case, notwithstanding the fact that this Section 2.8 provides for indemnification in such case; or (ii) contribution under the Securities Act may be required on the part of any party
          hereto for which indemnification is provided under this Section 2.8, then, and in each such case, such parties will contribute to the aggregate losses, claims, damages, liabilities, or
          expenses to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of each of the indemnifying party and the indemnified party in connection with the statements, omissions, or
          other actions that resulted in such loss, claim, damage, liability, or expense, as well as to reflect any other relevant equitable considerations.  The relative fault of the indemnifying party and of the indemnified party shall be determined by
          reference to, among other things, whether the untrue or allegedly untrue statement of a material fact, or the omission or alleged omission of a material fact, relates to information supplied by the indemnifying party or by the indemnified party
          and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission; provided, however, that, in any such case (x) no Holder will be required to contribute any amount in excess of the public offering price of all such Registrable Securities offered and sold by such Holder pursuant to such
          Registration Statement; and (y) no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation;
          and provided, further, that in no event shall any Holder’s liability pursuant to this Section 2.8(d), when combined with the amounts paid or payable by such Holder pursuant to Section 2.8(b), exceed the proceeds from the offering received by such
          Holder, except in the case of willful misconduct or fraud by such Holder.

       

      
        
          

      

      (e)          The obligations of the Company and Holders under
          this Section 2.8 shall survive the completion of any offering of Registrable Securities in a registration under this Section 2,
          and otherwise shall survive the termination of this Agreement.

       

      2.9          Reports

              Under Exchange Act.  With a view to making available to the Holder the benefits of SEC Rule 144 and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public
          without registration or pursuant to a registration on Form S-3, the Company shall:

       

      (a)          make and keep available adequate current public
          information, as those terms are understood and defined in SEC Rule 144;

       

      (b)        use commercially reasonable efforts to file with the
          SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act (at any time after the Company has become subject to such reporting requirements); and

       

      (c)          furnish to the Holder, so long as the Holder owns
          any Registrable Securities, forthwith upon request (i) to the extent accurate, a written statement by the Company that it has complied with the reporting requirements of SEC Rule 144, the Securities Act, and the Exchange Act, or that it qualifies
          as a registrant whose securities may be resold pursuant to Form S-3 (at any time after the Company so qualifies); and (ii) such other information as may be reasonably requested in availing the Holder of any rule or regulation of the SEC that
          permits the selling of any such securities without registration or pursuant to Form S-3 (at any time after the Company so qualifies to use such form).

       

      2.10       Limitations

              on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without the prior written consent of the 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 allow such holder or prospective holder to include such securities in any registration unless, under the terms of such agreement, such holder or
          prospective holder may include such securities in any such registration only to the extent that the inclusion of such securities will not reduce the number of the Registrable Securities of the Holders that are included.

       

      2.11        Termination

              of Registration Rights.  The right of any Holder to request registration or inclusion of Registrable Securities in any registration shall terminate at such time as SEC Rule 144(b)(1) under the Securities Act (or any successor
          provision) is available for the sale of all of such Holder’s shares without any need to comply with the public information requirements of SEC Rule 144(b)(1) (or any successor provision) or any such shares are sold pursuant to SEC Rule 144.

       

      
        3.          Miscellaneous.

         

        3.1          Successors

                and Assigns.  The rights under this Agreement may be assigned (but only with all related obligations) by a Holder to a transferee of Registrable Securities that (a) is an Affiliate of such Holder; (b) is a Holder’s Immediate
            Family Member or trust for the benefit

      

      
        
          

      

       of an individual Holder or one or more of such Holder’s Immediate Family Members;  or (c) after such transfer, holds at least 1% of the Company’s then outstanding Registrable Securities;
        provided, however, that the Company is, within a reasonable time after such transfer, furnished with written notice of the name
        and address of such transferee and the Registrable Securities with respect to which such rights are being transferred. For the purposes of determining the number of shares of Registrable Securities held by a transferee, the holdings of a transferee
        (1) that is an Affiliate, member or stockholder of a Holder; (2) who is a Holder’s Immediate Family Member; or (3) that is a trust for the benefit of an individual Holder or such Holder’s Immediate Family Member shall be aggregated together and
        with those of the transferring Holder; provided, further, that all transferees who would not qualify individually for
        assignment of rights shall have a single attorney-in-fact for the purpose of exercising any rights, receiving notices, or taking any action under this Agreement. The terms and conditions of this Agreement inure to the benefit of and are binding
        upon the respective successors and permitted assignees of the parties.  Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and permitted assignees any
        rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided herein.
       

      3.2          Counterparts. 

          This Agreement may be executed in 2 or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Counterparts may be delivered via facsimile, electronic mail (including
          pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and
          effective for all purposes.

       

      3.3          Titles

              and Subtitles.  The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting this Agreement.

       

      3.4          Notices. 

          All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given upon the earlier of actual receipt or (a) personal delivery to the party to be notified; (b) when sent, if
          sent by electronic mail or facsimile during the recipient’s normal business hours, and if not sent during normal business hours, then on the recipient’s next Business Day; (c) 5 days after having been sent by registered or certified mail, return
          receipt requested, postage prepaid; or (d) 1 Business Day after the Business Day of deposit with a nationally recognized overnight courier, freight prepaid, specifying next-day delivery, with written verification of receipt.  All communications
          shall be sent to the respective parties at their addresses as set forth on Schedule A hereto, or to the principal office of the Company and to the attention of the Chief Executive
          Officer, in the case of the Company, or to such email address, facsimile number, or address as subsequently modified by written notice given in accordance with this Section 3.4.

       

      3.5          Amendments

              and Waivers.  Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written
          consent of the Company and the Initiating Holder; provided that any provision hereof may be waived by any waiving party on such party’s own behalf, without the consent of any other
          party.  The Company shall give prompt notice of any amendment or termination hereof or waiver hereunder to any party hereto 

       

      
        
          

      

      that did not consent in writing to such amendment, termination, or waiver.  Any amendment, termination, or waiver effected in accordance with this Section 3.5 shall be binding on all parties hereto, regardless of whether any such party has consented thereto.  No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more
        instances, shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.  Notwithstanding the foregoing, in no event may the demand registration rights granted to any Holder pursuant to Section 2.2 of this Agreement be removed without the prior written consent of such Holder.
       

        

      3.6          Severability. 

          In case any one or more of the provisions contained in this Agreement is for any reason held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this
          Agreement, and such invalid, illegal, or unenforceable provision shall be reformed and construed so that it will be valid, legal, and enforceable to the maximum extent permitted by law.

       

      3.7          Entire

              Agreement.  This Agreement (including any Schedules and Exhibits hereto) constitutes the full and entire understanding and agreement among the parties with respect to the subject matter hereof, and any other written or oral
          agreement relating to the subject matter hereof existing between the parties is expressly canceled.

       

      3.8         Governing

              Law; Jurisdiction.  This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware without regard to the conflicts of law principles of such State that may lead to the application of
          the laws of any other jurisdiction.  The parties (a) hereby irrevocably and unconditionally submit to the jurisdiction of the courts of the State of Delaware sitting in New Castle County and to the jurisdiction of the United States District Court
          sitting in Wilmington, Delaware for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement; (b) agree not to commence any suit, action or other proceeding arising out of or based upon this Agreement except
          in the courts of the State of Delaware sitting in New Castle County or the United States District Court sitting in Wilmington, Delaware; and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such
          suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an
          inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court.

       

      3.9          WAIVER

              OF JURY TRIAL.  EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS, THE SECURITIES OR THE SUBJECT MATTER HEREOF OR
          THEREOF.  THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE),
          BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS.  THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO AND THESE PROVISIONS WILL NOT BE SUBJECT TO 

        

       

      
        
          

      

      ANY EXCEPTIONS.  EACH PARTY HERETO HEREBY FURTHER WARRANTS AND REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY KNOWINGLY AND VOLUNTARILY
        WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.
       

        

      3.10       Delays

              or Omissions.  No delay or omission to exercise any right, power, or remedy accruing to any party under this Agreement, upon any breach or default of any other party under this Agreement, shall impair any such right, power, or
          remedy of such nonbreaching or nondefaulting party, nor shall it be construed to be a waiver of or acquiescence to any such breach or default, or to any similar breach or default thereafter occurring, nor shall any waiver of any single breach or
          default be deemed a waiver of any other breach or default theretofore or thereafter occurring.  All remedies, whether under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative.

       

      3.11        Other

              Interpretive Matters.  For purposes of this Agreement, (a) when calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to this Agreement, the date that is the
          reference date in calculating such period is excluded, and if the last day of such period is a non-Business Day, the period in question ends on the next succeeding Business Day; (b) unless the context otherwise requires, all references in this
          Agreement to any “Article,” “Section” or “Exhibit” are to the corresponding Article, Section or Exhibit of this Agreement; (c) the word “including,” or any variation thereof, means “including, without limitation” and does not limit any general
          statement that it follows to the specific or similar items or matters immediately following it; and (d) all references to dollar amounts are expressed in United States Dollars.  As used herein, the singular shall include the plural, the plural
          shall include the singular and any use of the male or female gender shall include the other gender, all wherever the same shall be applicable and when the context shall admit or require.

       

      3.12        No
              Recourse.  Notwithstanding anything to the contrary that may be expressed or implied in this Agreement, and notwithstanding the fact that any Holder or its Affiliates or any of its or their successors or permitted assignees may be
          a partnership or a limited liability company, the Company, by its acceptance of the benefits hereof, covenants, agrees and acknowledges that no Person other than the Holders and their respective successors and permitted assignees shall have any
          obligation hereunder, and that it has no rights of recovery against, and no recourse hereunder against, any former, current or future director, officer, agent, advisor, attorney, representative, Affiliate, manager or employee of any Holder (or
          any of its successors or assignees), against any former, current or future general or limited partner, manager, member or stockholder of any Holder or any Affiliate thereof or against any former, current or future director, officer, agent,
          advisor, attorney, representative, employee, Affiliate, assignee, general or limited partner, stockholder, manager or member of any of the foregoing, whether by or through attempted piercing of the corporate veil, by the enforcement of any
          judgment or assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law.

       

        

      3.13        Specific

              Performance.  The rights of each party to consummate the transactions contemplated hereby are agreed to be unique, and recognizing that the remedy at law for any breach or threatened breach by a party hereto of the agreements and
          conditions set forth herein would be inadequate, and further recognizing that any such breach or threatened breach 

       

      
        
          

      

       would cause immediate, irreparable and permanent damage to the parties, the extent of which would be impossible or difficult to ascertain, the parties
          hereto agree that in the event of any such breach or threatened breach, and in addition to any and all remedies at law or otherwise provided herein, any party hereto may specifically enforce the terms of this Agreement and may obtain temporary
          and/or permanent injunctive relief (including a mandatory injunction) without the necessity of proving actual damage or the lack of an adequate remedy at law and, to the extent permissible under applicable rules, provision and statutes, a
          temporary injunction may be granted immediately upon the commencement of any suit hereunder regardless of whether the breaching party or parties have actually received notice thereof.  Such remedy shall be cumulative and not exclusive, and shall
          be in addition to any other remedy or remedies available to the parties.

       

      [Remainder of Page Intentionally Left Blank]

       

      
        
          

      

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

       

      	 	
              COMPANY:

            
	 	 
	 	
              DREAM FINDERS HOMES, INC.

            
	 	 	 
	 	
              By:

            	
              /s/ Patrick O. Zalupski

            
	 	
              Name:

            	
              Patrick O. Zalupski

            
	 	
              Title:

            	
              President and Chief Executive Officer

            

      

      

      
        
          

      

      	 	
              HOLDERS:

            
	 	 
	 	
              BLACKROCK CAPITAL ALLOCATION TRUST

            
	 	 
	 	
              By: BLACKROCK ADVISORS LLC, as Investment Advisor

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	
              

              

            	
               Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            
	 	 	 
	 	
              BLACKROCK GLOBAL LONG/SHORT CREDIT FUND OF BLACKROCK FUNDS IV

            
	 	 
	 	
              By: BLACKROCK ADVISORS LLC, its Investment Advisor

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            
	 	 	 
	 	
              BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO OF BLACKROCK FUNDS V

            
	 	 
	 	
              By: BLACKROCK ADVISORS LLC, its Investment Advisor

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            
	 	 	 
	 	
              BLACKROCK STRATEGIC GLOBAL BOND FUND, INC.

            
	 	 
	 	
              By: BLACKROCK ADVISORS, LLC, its Adviser AND BLACKROCK INTERNATIONAL LIMITED, its Sub-Adviser;

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            
	 	 	 
	 	
              STRATEGIC INCOME OPPORTUNITIES BOND FUND

            
	 	 
	 	
              By: BLACKROCK INSTITUTIONAL TRUST COMPANY, NA, not in its individual capacity but as Trustee of the STRATEGIC INCOME OPPORTUNITIES BOND FUND;

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            

      

      

      [Signature Page to Registration Rights Agreement]

       

      

      
        
          

      

      	 	
              BLACKROCK TOTAL RETURN BOND FUND

            
	 	 
	 	
              By: BLACKROCK INSTITUTIONAL TRUST COMPANY, NA, not in its individual capacity but as Trustee of the BLACKROCK TOTAL RETURN BOND FUND

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            
	 	 	 
	 	
              BRIGHTHOUSE FUNDS TRUST II – BLACKROCK BOND INCOME PORTFOLIO

            
	 	 
	 	
              By: BLACKROCK ADVISORS, LLC, as Investment Advisor

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            
	 	 	 
	 	
              MASTER TOTAL RETURN PORTFOLIO OF MASTER BOND LLC

            
	 	 
	 	
              By: BLACKROCK FINANCIAL MANAGEMENT, INC., its Registered Sub-Advisor

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	 

            	
              Name: Henry Brennan

            
	 	 

            	
              Title: Managing Director

            
	 	 	 
	 	
              BLACKROCK GLOBAL ALLOCATION FUND, INC.

            
	 	 
	 	
              By:  BLACKROCK ADVISORS, LLC, as Investment Adviser

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            
	 	 	 
	 	
              BLACKROCK GLOBAL ALLOCATION COLLECTIVE FUND

            
	 	 
	 	
              By:  BLACKROCK INSTITUTIONAL TRUST COMPANY, NA, not in its individual capacity but as Trustee of the BLACKROCK GLOBAL ALLOCATION COLLECTIVE FUND

            
	 	 
	 	
              By: 

              

            	 /s/ Henry Brennan
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            

       

      

      [Signature Page to Registration Rights Agreement]

       

      
        
          

      

      	 	
              BLACKROCK GLOBAL ALLOCATION PORTFOLIO OF BLACKROCK SERIES FUND, INC.

            
	 	 
	 	
              By:  BLACKROCK ADVISORS, LLC, as Investment Adviser

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              Title: Managing Director

            
	 	 	 
	 	
              BLACKROCK GLOBAL ALLOCATION V.I. FUND OF BLACKROCK VARIABLE SERIES FUNDS, INC.

            
	 	 
	 	
              By:  BLACKROCK ADVISORS, LLC, as Investment Adviser

            
	 	 
	 	
              By:

            	
              /s/ Henry Brennan

            
	 	

            	
              Name: Henry Brennan

            
	 	

            	
              
                Title: Managing Director

              

            

      

      [Signature Page to Registration Rights Agreement]

       

      
        
          

      

      SCHEDULE A

       

      Holders

       

      	
              
                 

                Name

                 

              

            	
              
                Address

              

            
	
              BlackRock Capital Allocation Trust

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              BlackRock Global Long/Short Credit Fund of BlackRock Funds IV

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              BlackRock Strategic Income Opportunities Portfolio of BlackRock Funds V

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              BlackRock Strategic Global Bond Fund, Inc.

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              Strategic Income Opportunities Bond Fund

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              BlackRock Total Return Bond Fund

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial 

              

            

      

      

      
        
          

      

      	 	
              Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

            
	
              Brighthouse Funds Trust II – BlackRock Bond Income Portfolio

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              Master Total Return Portfolio of Master Bond LLC

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              BlackRock Global Allocation Fund, Inc.

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              BlackRock Global Allocation Collective Fund

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              BlackRock Global Allocation Portfolio of BlackRock Series Fund, Inc.

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial Management, Inc.

              55 East 52nd Street

              New York, New York 10055

              Attention: Henry Brennan and Keith Byrne

              Email: henry.brennan@blackrock.com; keith.byrne@blackrock.com

               

            
	
              BlackRock Global Allocation V.I. Fund of BlackRock Variable Series Funds, Inc.

            	
              c/o BlackRock Advisors, LLC, BlackRock Institutional Trust Company, NA, and BlackRock Financial

               

            

      

      

      

      

      
        
          

      

      
        	
                 

              	
                
                  Management, Inc.

                  55 East 52nd Street

                  New York, New York 10055

                  Attention: Henry Brennan and Keith Byrne

                  Email: henry.brennan@blackrock.com; keith.byrne@blackrock.comDocument

Exhibit 10.1

			
	

MASTER EQUIPMENT FINANCING AGREEMENT 

THIS MASTER EQUIPMENT FINANCING AGREEMENT (this “Agreement”) is made as of September 30, 2021 (“Effective Date”), between TRINITY CAPITAL INC., a Maryland corporation (“Trinity”) and HI-POWER, LLC, a Delaware Limited Liability Company (“Company”). Company desires to finance certain equipment and other property (the “Equipment”).  This Agreement provides the terms under which the Equipment is to be financed. 

Trinity and Company agree as follows: 

1.CONDITIONAL COMMITMENT TERMS
  
(a)Subject to the following conditions, Trinity shall provide equipment financing in the aggregate of $25,000,000 (the “Conditional Commitment”), with advances (“Draws”) to be made as follows: (i) up to $5,000,000 at the execution of this Agreement; and (ii) the remaining balance of the Conditional Commitment to be drawn at Company’s option no later than September 30, 2022 and provided that Trinity has received and reviewed the most recent Company’s Financial Statement, all subject to the terms and conditions set forth herein.

(b)All Draws requested by Company must be requested by 11:00 am Arizona time, not less than five (5) business days prior to the requested funding date of such requested Draw.  All requests or confirmation of requests for a Draw are to be in writing and may be sent by telecopy or facsimile transmission or by email; provided, that Trinity shall have the right to require that the receipt of such request not be effective unless confirmed via telephone with Trinity; provided, further that such telephone confirmation shall not delay the funding of the requested Draw if such Draw was requested by Company in a timely manner pursuant to this Section 1(b).  As express conditions precedent to Trinity making each Draw to Company, Company shall comply with all terms and conditions of Section 6 of this Agreement.

(c)Company may not request Draws (i) after September 30, 2022, (ii) in excess of the aggregate amount of the Conditional Commitment nor (iii) at any time that an Event of Default is continuing.   Each Draw shall be at least $500,000.  No portion of any Draw may be used to fund soft costs associated with the Equipment (such as freight, installation, and the like).

(d)Company shall pay Trinity a non-utilization fee in an amount equal to 3.0% of the unused available Conditional Commitment on September 30, 2022.

(e)Company shall pay Trinity a non-refundable commitment fee equivalent to 0.75% of the Conditional Commitment or $187,500 at the time of the first Draw. 

2.FINANCING.  Company and Trinity will enter into one or more equipment financing schedules (individually, a “Schedule” and, collectively, the “Schedules”) from time to time, evidencing a Draw and listing the Equipment to be financed.  This Agreement, the Schedules, and any other agreements executed in connection herewith are, collectively, the “Equipment Financing Documents”.  Each Schedule will constitute a separate financing instrument, and will be effective for the term specified in that Schedule.  The monthly payment factors under a Schedule will be fixed for the term of such Schedule.  The monthly payment factors are determined by Trinity based on the Prime Rate reported in The Wall Street Journal on the first day of the month in which a Schedule is executed, which as of the Effective Date of this Agreement is at 3.25%.   The monthly payment factors will be adjusted for each subsequent Schedule, using the then existing Prime Rate; however, in no event will a downward adjustment occur that is below the monthly payment factor set forth in the first Schedule.

3.PAYMENTS.  Company shall pay Trinity (a) the payments (“Basic Payments”) specified in each Schedule, and (b) all of the other amounts payable in accordance with this Agreement, such Schedule and/or any of the other Equipment Financing Documents (“Other Payments”, and together with the Basic Payments, collectively, the 
    Page 1 of 11

                                                                                                          

“Payments”).  Upon Company’s execution thereof, the related Schedule shall constitute a non-cancelable equipment financing. Company’s obligation to make the Payments and perform its obligations under such Schedule and all other Equipment Financing Documents shall be absolute and unconditional and shall not be affected by any circumstances whatsoever, including any right of setoff, counterclaim, recoupment, deduction, defense or other right that Company may have against Trinity, the manufacturer or vendor of the Equipment (the “Suppliers”), or anyone else (each, an “Abatement”).  All Payments shall be paid in accordance with Trinity’s or Assignee’s written direction.  Time is of the essence.  If any Payment is not paid within five (5) days of the due date, Company shall pay a late charge (accruing at the “Late Charge Rate” specified in the related Schedule) with respect to the amount in arrears for the period such amount remains unpaid (the “Late Charge”). The assessment of a Late Charge shall be in addition to, and not in lieu of, Trinity’s imposition of a default rate (accruing at the “Default Rate” specified in the related Schedule) with respect to the unpaid and accelerated balance due hereunder. Any obligation to make Payments shall be at an interest rate that is equal to the lesser of the maximum lawful rate permitted by applicable law or the effective interest rate used by Trinity in calculating such amounts.

4.REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF COMPANY.  Company represents, warrants and agrees that, as of the Effective Date of this Agreement and of each Schedule: (a) Company has the form of business organization indicated, and is and will remain duly organized and existing in good standing under the laws of the state specified, under Company’s signature and is duly qualified to do business wherever necessary to perform its obligations under the Equipment Financing Documents, including, to the extent necessary, each jurisdiction in which the Equipment is or will be located.  Company’s legal name is as shown in the preamble of this Agreement, and Company’s Federal Employer Identification Number and organizational number are as set forth under Company’s signature.  Within the previous six (6) years, Company has not changed its name, done business under any other name, or merged or been the surviving entity of any merger, except as disclosed to Trinity in writing.  (b) The Equipment Financing Documents have been duly authorized, do not require the approval of, or giving notice to, any governmental authority, do not contravene or constitute a default under any applicable law, Company’s organizational documents, or any agreement to which Company is a party or by which it may be bound.  (c) There are no pending actions or proceedings to which Company is a party, and there are no other pending or threatened (in writing) actions or proceedings of which Company has knowledge, before any court, arbitrator or administrative agency, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. (d) Company is not in default under any agreement, which default can reasonably be expected to have a Material Adverse Effect. As used herein, “Material Adverse Effect” shall mean (i) a material adverse effect on the business, financial condition, operations, performance or properties of Company, or (ii) a material impairment of the ability of Company to perform its obligations under or remain in compliance with such Schedule or any Equipment Financing Documents.  (e) The Equipment covered by such Schedule is located solely in the jurisdiction(s) specified in such Schedule or in such other jurisdiction specified in a written notice or report provided to Trinity.  (f) All Equipment consists (and shall continue to consist) solely of personal property and not fixtures, and is removable from, and is not essential to, the premises at which it is located.  (g) The financial statements of Company (copies of which have been furnished to Trinity) have been prepared in accordance with generally accepted accounting principles consistently applied (“GAAP”), and fairly present Company’s financial condition and the results of its operations as of the date of and for the period covered by such statements, and since the date of such statements there has been no material adverse change in such conditions or operations.  (h) With respect to any Collateral, Company has good title to, rights in, and/or power to transfer all of the same.  (i) No Supplier is an affiliate of Company.  (j) The Supply Contract (as such term is hereinafter defined) represents an arms’ length transaction and the purchase price for the Equipment specified therein is the amount obtainable in an arms’ length transaction between a willing and informed buyer and a willing and informed seller under no compulsion to sell, at manufacturer’s net invoice price. This Agreement is an equipment financing.  In case it is recharacterized as a lease, however, Company waives any rights it could have under UCC Sections 2A-508 through 2A-522, including, but not limited to, Company’s right to (1) cancel or repudiate any Schedule; (2) reject or revoke acceptance of the Equipment; (3) deduct from Payments any part of any claimed damages resulting from Trinity’s default under the Schedule; or (4) recover from Trinity any general, special, incidental, or consequential damages. Company waives any right to require Trinity to sell, re-lease, or otherwise use or dispose of the Equipment in mitigation of Trinity’s damages or that may otherwise limit or modify any of Trinity’s rights or remedies hereunder.
    Page 2 of 11

                                                                                                          

5.FINANCIAL REPORTING AND COVENANTS.  Company shall do the following: 
 
(a)If, at any time, the Company is not subject to the reporting requirements of the Securities Exchange Act of 1934, as amended (the “Act”), Company will furnish Trinity with (1) a copy of Company’s annual, audited financial statements consisting of a consolidated and consolidating balance sheet, income statement and cash flow statement prepared in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding fiscal year and presenting fairly Company’s financial condition as at the end of that fiscal year and the results of its operations for the twelve (12) month period then ended and certified as true and correct by Company’s chief financial officer, together with an unqualified opinion on the financial statements from an independent certified public accounting firm acceptable to Trinity in its reasonable discretion, within one hundred twenty (120) days of the close of each fiscal year of Company; (2) annual board approved operating budgets and financial projections, in a form acceptable to Trinity, within ten (10) days after board approval and in any event no later than within forty-five (45) days after the end of each fiscal year of Company; (3) a copy of Company’s unaudited financial statements pertaining to the results of operations for the month then ended and certified as true and correct by Company’s chief operating officer or chief financial officer, consisting of a consolidated and consolidating balance sheet, income statement and cash flow statement, prepared in accordance with generally accepted accounting principles applied on a consistent basis, along with copies of Company’s bank statements within thirty (30) days of the close of each fiscal month of Company; (4) a copy of Company’s most recent 409A valuation within 30 days of its completion; (5) within 30 days after the last day of each fiscal year, a copy of Company’s capitalization table; and (6) a complete and accurate listing of all Equipment which includes its then current location within thirty (30) days of request by Trinity.

(b)During the time the Company is subject to the reporting requirements of the Act, the Company shall furnish to Trinity items (2) and (6) as set forth in Section 5(a) above and all of Company’s Forms 10-K and 10-Q filed with the Securities and Exchange Commission (“SEC”), as and when filed (by furnishing these SEC forms, which forms may be furnished electronically and if so furnished, shall be deemed to have been furnished on the date on which Company posts such forms, or provides a link thereto, on Company’s website on the internet at Company’s website address and provides Trinity written notice of such posting. Trinity acknowledges that budget and forecast information ("Forward Information") delivered by Company to Trinity pursuant to Section 5(b)(2) above may contain material non-public information ("MNPI") concerning Eos Energy Enterprises, Inc. ("EOS").  Trinity agrees that it will not trade in EOS securities while in possession of the Forward Information containing MNPI in violation of applicable United States securities laws.

(c)Company shall use commercially reasonable efforts to obtain and deliver to Trinity all waivers and other documents relating to the Equipment that Trinity reasonably requests from time to time.    

(d)Company shall provide written notice to Trinity within fourteen (14) days prior to any change in Company’s name or jurisdiction or form of organization. 

(e)Company shall promptly notify Trinity of the occurrence of (i) an Event of Default and of any alleged violation of applicable law relating to the Equipment or this Agreement, and (ii) the receipt by Company of any judgment against the Company in an amount more than $1,000,000.00.

6.CONDITIONS PRECEDENT.   Trinity’s agreement to finance any Equipment is subject to the following: 

(a)Trinity has received the following, in form and substance reasonably satisfactory to Trinity:  (1) evidence that the Equipment purchased pursuant to any Schedule has a value equal to or greater than 110% of the amount of the Draw; (2) evidence of compliance with the insurance provisions of Section 12; (3) lien searches; (4) UCCs, real property waivers and all other filings required by Trinity; (5) a certificate of an appropriate Officer of Company certifying:  (A) resolutions duly authorizing the transactions contemplated in the Equipment Financing Documents, and (B) the incumbency and signature of the officers of Company 
    Page 3 of 11

                                                                                                          

authorized to execute such documents; (6) [reserved]; (7) duly executed copies of the applicable Schedule, and counterpart originals of all other Equipment Financing Documents; (8) all purchase documents pertaining to the Equipment (collectively, the “Supply Contract”); (9) good standing certificates from the jurisdiction of Company’s organization and the location of the Equipment, and evidence of Company’s organizational number; (10) the Guaranty of Company’s parent, EOS Energy Enterprises, Inc. (“EOS”), by which EOS unconditionally guarantees the prompt payment and performance of Company’s obligations under this Agreement in form and substance to the satisfaction of Trinity in its sole discretion (the “EOS Guaranty”); (11) the satisfaction, in Trinity’s sole discretion, of Trinity’s due diligence investigation, including, without limitation, review of the financial statements of Company dated no more than ninety (90) days prior to the funding of any draw, and; (12) Trinity has received such other agreements and assurances  as Trinity reasonably may require.  

(b)All representations and warranties made by Company in the Equipment Financing Documents shall be true and correct in all material respects on the effective date of the related Schedule (except for such representations and warranties which relate to an earlier date, which shall be true and correct in all material respects as of such date).  

(c)There shall be no Event of Default.  The Equipment shall have been delivered to and accepted by Company, as evidenced by the Schedule, and shall be in the condition and repair required hereby; and on the effective date of such Schedule the Equipment described therein, shall be free and clear of any claims, liens, attachments, rights of others and legal processes (“Liens”), other than Permitted Liens.  A “Permitted Lien” shall mean any Lien for Impositions, Liens of mechanics, materialmen, or suppliers and similar Liens arising by operation of law, provided that any such Lien is incurred by Company in the ordinary course of business, for sums that are not yet delinquent or are being contested in good faith and with due diligence, by negotiations or by appropriate proceedings which suspend the collection thereof and, in Trinity’s sole discretion, (i) do not involve any substantial danger of the sale, forfeiture or loss of the Equipment or any interest therein, and (ii) for the payment of which adequate assurances or security have been provided to Trinity.  No disposition referred to herein shall relieve Company of its obligations, and Company shall remain primarily liable under each Schedule and all of the Equipment Financing Documents.

7.ACCEPTANCE OF EQUIPMENT.   Trinity authorizes Company to receive delivery of Equipment under each Schedule.  Upon delivery, Company shall inspect and, if conforming to the Supply Contract, accept the Equipment and execute and deliver to Trinity a Schedule describing such Equipment, which Schedule shall evidence Company’s unconditional and irrevocable acceptance of such Equipment.  If Company fails to accept delivery of any Equipment or accepts such Equipment but fails to satisfy any conditions set forth in Section 6, Trinity shall have no obligation to finance such Equipment.  In that case, at Trinity’s election, Company shall (a) assume all obligations as purchaser of the Equipment, with the effect of causing Trinity to be released from any liability relating thereto, (b) immediately reimburse Trinity for all payments and charges made or incurred with respect to the Equipment (including any of such amounts paid by Trinity to any Supplier under the Supply Contract or as a reimbursement to Company), together with interest at the Late Charge Rate accruing from the date or dates such amounts were paid by Trinity, and (c) take all other actions necessary to accomplish such assumption.

8.USE AND MAINTENANCE.  

(a)Company shall (1) use the Equipment solely in the continental United States for the purpose for which the Equipment was designed, in a careful and proper manner; (2) operate, maintain, service and repair the Equipment, and maintain all records and other materials relating thereto, (A) in accordance and consistent with (i) the Supplier’s recommendations and all maintenance and operating manuals or service agreements, (ii) the requirements of all insurance policies, (iii) the Supply Contract, (iv) all applicable laws, and (v) the prudent practice of other similar companies in the same business as Company, but in any event, to no lesser standard than that employed by Company for comparable equipment owned by or leased by it; and (B) without limiting the foregoing, so as to cause the Equipment to be in good repair and operating condition and in at least the same condition as when delivered to Company hereunder, except for ordinary wear and tear; 
    Page 4 of 11

                                                                                                          

(3) provide written notice to Trinity within thirty (30) days after any change of the location of any Equipment specified in the Schedule; and (4) not attach or incorporate the Equipment to or in any other property in such a manner that the Equipment may be deemed to have become an accession to or a part of such other property; (5) not allow any Hazardous Material to be used, generated, released, stored, disposed of or transported in, on or around the Equipment.  

(b)Within a reasonable time, Company will replace any parts of the Equipment that become worn out, lost, destroyed, or damaged by new or reconditioned replacement parts that are free and clear of all Liens, other than the Permitted Liens, and have a value, utility and remaining useful life at least equal to the parts replaced. Except as set forth in the foregoing sentence, Company shall not remove any parts attached to the Equipment that are necessary to the operation of the Equipment or cannot be detached from the Equipment without adversely affecting the value or utility of the Equipment.  Except as permitted in this Section, Company shall not make any material alterations to the Equipment.  

(c)Company shall upon Trinity’s prior written request at Company’s expense allow Trinity to inspect the Equipment and records relating thereto during normal business hours. Absent an Event of Default, such inspections by Trinity are limited to once per year.

9.DISCLAIMER; QUIET ENJOYMENT.  COMPANY ACCEPTS THE EQUIPMENT “AS IS, WHERE IS”.  TRINITY IS NOT A SUPPLIER, AND TRINITY SHALL NOT BE DEEMED TO HAVE MADE ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE EQUIPMENT, INCLUDING ITS CONDITION, MERCHANTABILITY, FITNESS FOR ANY PARTICULAR PURPOSE, TITLE, ABSENCE OF ANY PATENT, TRADEMARK OR COPYRIGHT INFRINGEMENT OR LATENT DEFECT (WHETHER OR NOT DISCOVERABLE BY COMPANY), COMPLIANCE WITH ANY LAW, CONFORMITY OF SUCH ITEM TO ANY PURCHASE DOCUMENT OR TO THE DESCRIPTION SET FORTH IN A SCHEDULE, OR ANY INTERFERENCE OR INFRINGEMENT), OR ARISING FROM ANY COURSE OF DEALING OR USAGE OF TRADE, NOR SHALL TRINITY BE LIABLE, FOR ANY INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES OR FOR STRICT OR ABSOLUTE LIABILITY IN TORT; AND COMPANY  WAIVES ANY CLAIMS ARISING OUT OF ANY OF THE FOREGOING.  Company has selected the Equipment and represents to Trinity that all of the Equipment is suitable for Company’s purposes.  If Company has any claims regarding the Equipment or any other matter arising from Company’s relationship with any Supplier, Company must make them against such Supplier.  Without limiting the foregoing, Trinity will not be responsible to Company or any other person with respect to, and Company agrees to bear sole responsibility for, any risk or other matter that is the subject of Trinity’s disclaimer.  This provision survives termination and/or expiration of this Agreement or a Schedule.

10.FEES AND TAXES.  Company shall: (a) (1) file all documentation with respect to any taxes due or to become due with respect to the Equipment, and (2) pay on or before the date when due all such taxes; (b) (1) pay when due as requested by Trinity, and (2) defend and indemnify Trinity on a net after-tax basis against liability for all fees, taxes and/or other charges imposed from time to time on or relating to the Equipment or the purchase, use, possession and disposition thereof, other than taxes related to Trinity’s income or revenues; and (c) indemnify Trinity against any penalties, charges, interest or costs imposed with respect to any items referred to in clauses (a) and (b) above (the items referred to as clauses (a), (b), and (c) above being referred to herein as “Impositions”).  Company shall immediately reimburse Trinity for any Impositions that Trinity pays. 

11.TITLE; SECURITY INTEREST. 

(a)This Agreement is an equipment financing agreement.  If it is ever characterized as a lease, contrary to the intentions of Company and Trinity, it shall constitute a “finance lease” as that term is defined in Article 2A of the Uniform Commercial Code and, except as permitted herein, or in a related Schedule, Trinity shall not acquire any right, title or interest in or to such Equipment.  

(b)In order to secure the prompt payment of the Payments and all of the other amounts from time to time outstanding under this Agreement and any Schedule, and Company’s performance of its obligations under 
    Page 5 of 11

                                                                                                          

the Equipment Financing Documents, Company grants Trinity a security interest in the following property, now existing or hereafter created, free and clear of all encumbrances (the “Collateral”):  (1) the Equipment and other property described in each Schedule (including all inventory, fixtures or other property comprising the Equipment), together with all related software (embedded therein or otherwise) and general intangibles, all additions, attachments, accessories and accessions thereto whether or not furnished by a Supplier; (2) all subleases, chattel paper, accounts, security deposits, and general intangibles relating thereto, and all substitutions, replacements or exchanges for any of the foregoing; (3) until such time as Company has taken delivery of Equipment with an approximate value of $7,500,000, determined in Trinity’s reasonable discretion, certain equipment of the Company with an approximate value of $7,500,000, determined in Trinity’s reasonable discretion, and identified on the first Schedule (the “Interim Equipment Collateral”) and (4) all insurance and/or other proceeds of the foregoing.  This security interest shall survive the termination, cancellation or expiration of each Schedule until all of the Company’s obligations under this Agreement and all Schedules have been satisfied.  When the Company has taken delivery of Equipment with an approximate value of $7,500,000, determined in Trinity’s reasonable discretion, on the first Schedule thereafter, Trinity will release the lien and security interest on the Interim Equipment Collateral. 

(c)Company shall not permit any other Lien (other than a Permitted Lien) to exist on, or dispose of any interest in, the Collateral. 

(d)Company waives any and all written notices for demand, presentment, notice of intent to accelerate and acceleration otherwise applicable under any article of the UCC or other statutory provision. 

(e)Company irrevocably authorizes Trinity to file UCC-1 financing statements (“UCCs”), and to take such other actions as Trinity deems appropriate, to perfect Trinity’s security interest in the Collateral including Equipment and Interim Equipment Collateral before or after the Company takes possession of the Equipment.

12.INSURANCE.  Company shall maintain all-risk insurance coverage with respect to the Equipment insuring against, among other things: (a) any casualty to the Equipment (or any portion thereof), including loss or damage due to fire and the risks normally included in extended coverage, malicious mischief and vandalism, for not less than the full replacement value of the Equipment; and (b) any commercial liability arising in connection with the Equipment, including both bodily injury and property damage with a combined single limit per occurrence of not less than One Million Dollars ($1,000,000); having a deductible reasonably satisfactory to Trinity.  The required insurance policies (including endorsements) shall (i) be in form and amount reasonably satisfactory to Trinity, and written by insurers of recognized reputation and responsibility satisfactory to Trinity, (ii) be endorsed to name Trinity as an additional insured (but without responsibility for premiums), (iii) provide that any amount payable under the required casualty coverage shall be paid directly to Trinity as sole loss payee, (iv) provide for thirty (30) days’ written notice by such insurer of cancellation, material change, or non-renewal, and (v) provide that in respect of the interests of Trinity in such policies, the insurance shall not be invalidated by any action or inaction of Company or any other person operating or in possession of the Equipment regardless of any breach or violation of any warranties, declarations or conditions contained in such policies by or binding upon Company or any other person operating or in possession of the Equipment.  Company shall obtain and maintain such other prudent and customary coverages (including pollution coverage), or cause adjustments to be made to the scope, amount or other aspects of the existing coverages, promptly upon Trinity’s reasonable request.

13.LOSS AND DAMAGE.  (a) Company shall bear the risk of loss, theft, confiscation, taking, unavailability, damage or partial destruction of the Equipment and shall not be released from its obligations under any Schedule or other Equipment Financing Document in any such event.  (b) Company shall provide prompt written notice to Trinity of any Total Loss or any material damage to the Equipment.  Any such notice must be provided together with any damage reports provided to any governmental authority, the insurer or Supplier, and any documents pertaining to the repair of such damage, including copies of work orders, and all invoices for related charges.  (c) Without limiting any other provision hereof, Company shall repair all damage to any item of Equipment from any and all causes, other than a Total Loss, so as to cause it to be in the condition and repair required by this Agreement.  (d) 
    Page 6 of 11

                                                                                                          

A “Total Loss” shall be deemed to have occurred to an item of Equipment upon the actual or constructive total loss of any item of the Equipment, the loss, disappearance, theft or destruction of any item of the Equipment, or damage to any item of the Equipment that is uneconomical to repair or renders it unfit for normal use, or the condemnation, confiscation, requisition, seizure, forfeiture or other taking of title to or use of any item of the Equipment or the imposition of any Lien thereon by any governmental authority.  On the next payment date following a Total Loss (a “Loss Payment Date”), Company shall pay to Trinity the Basic Payments due on that date plus the Stipulated Loss Value of the item or items of the Equipment with respect to which the Total Loss has occurred (the “Lost Equipment”), together with any Other Payments due hereunder with respect to the Lost Equipment.  Upon making such payment, Company’s obligation to pay future Basic Payments shall terminate solely with respect to the items of Lost Equipment so paid for, but Company shall remain liable for, and pay as and when due, all Other Payments.  As used in this Agreement, “Stipulated Loss Value” shall mean, with respect to any Equipment on a Schedule, as of the Loss Payment Date, the product of (i) the sum of any accrued and unpaid Payments, plus the present value as of such date of the total Basic Payments for the then remaining term of such Schedule, plus the present value of the Other Payments (other than Basic Payments) to become due during the balance of the term of the applicable Schedule, including amounts such as future taxes and (ii) the percentage of the Total Invoice Cost of the Lost Equipment divided by the Total Invoice Cost applicable to such Schedule. After the final payment date of the original term or any renewal term of a Schedule, the Stipulated Loss Value shall be determined as of the last payment date during the applicable term of such Schedule.  (e) Trinity shall be under no duty to Company to pursue any claim against any person in connection with a Total Loss or other loss or damage.  (f) If Trinity receives a payment under an insurance policy required under this Agreement in connection with any Total Loss or other loss of or damage to an item of Equipment, and such payment is both unconditional and indefeasible, then provided Company shall have complied with the applicable provisions of this Section, Trinity shall either (1) if received pursuant to a Total Loss, remit such proceeds to Company up to an amount equal to the amount paid by Company to Trinity as the Stipulated Loss Value, or credit such proceeds against any amounts owed by Company pursuant to Section 13(d), or (2) if received with respect to repairs to be made pursuant to Section 13(c), remit such proceeds to Company up to an amount equal to the amount of the costs of repair. 

14.INDEMNITY.  Company shall indemnify, defend and hold harmless Trinity and any Assignee, and their respective agents and employees (each, an “Indemnitee”), from and against any and all costs, damages, losses and other amounts (“Claims”) (other than caused by the gross negligence or willful misconduct of such Indemnitee or arising after such time as an Indemnitee has taken control of the Collateral or Equipment) arising out of this Agreement, any Schedule, any Equipment, and the transactions contemplated thereby; provided that Company shall not be liable to any Indemnitee for any indirect, consequential or special damages.

15.DEFAULT.  A default shall be deemed to have occurred hereunder and under a Schedule upon the occurrence of any of the following (each, an “Event of Default”): 

(a)non-payment of any Basic Payment on the date due;
(b)non-payment of any Other Payment within 10 days of its due date;
(c)Company’s failure to perform any obligation under this Agreement (other than Payments) or any Schedule for more than 30 days after Company’s actual or constructive knowledge of such failure; 
(d)Company fails to perform any obligation in any other agreement between Trinity and Company for more than 30 days after Company’s actual or constructive knowledge of such failure;
(e)Company fails to perform any obligation under any material loan, lease, guaranty or other financial obligation owing to any third party beyond any period of grace provided with respect to thereto; provided that if Company provides Trinity written notice of any default declared by such third party as a result of such failure to perform, the event shall not constitute an Event of Default under this Agreement unless and until such failure has triggered the third party’s right to accelerate under such loan, lease, guaranty or other financial obligation;  
(f)an inaccuracy in any representation or breach of warranty by Company (including any false or misleading representation or warranty) in any financial statement or Equipment Financing Document which (to the 
    Page 7 of 11

                                                                                                          

extent that the failure of such representation or warranty is capable of being cured) is not cured by Company within 30 days after written notice from Company; 
(g)Company makes an assignment for the benefit of its creditors, files any petition or takes any action under any bankruptcy, reorganization or insolvency laws or the commencement of any bankruptcy, insolvency, receivership or similar proceeding by or against Company or any of its properties or business (unless, if involuntary, the proceeding is dismissed within sixty (60) days of the filing thereof);  
(h)Company becomes insolvent or liquidates or ceases to conduct business in a manner materially similar to the business conducted on the Effective Date of this Agreement; 
(i)Company enters into a transaction or series of transactions by which: (a) Company merges with or consolidates with another person or (b) Company leases or sells substantially all of its and its subsidiaries’ assets or property substantially as an entirety to any other person or (c) any person, entity or group acquires, directly or indirectly, forty-nine percent (49%) or more of Company’s outstanding voting capital stock, unless, in each case, all outstanding obligations under this Agreement or any Schedule hereto are assumed by an acquiring entity or person that has been approved in advance in writing by Trinity in its sole discretion, or paid in full as part of such transaction; or
(j)any guarantor repudiates its obligations under any guaranty, or dies, or any of the foregoing occurs in respect of a guarantor; 
(k)the occurrence of any circumstance that would reasonably be expected to have a Material Adverse Effect; and
(l)the occurrence to any breach or default by the guarantor under the EOS Guaranty.

16.REMEDIES.  

(a)If an Event of Default occurs, Trinity may (in its sole discretion) exercise any one or more of the following remedies with respect to any Schedules: (1) exercise all of the rights of a secured party in respect of the Equipment and Collateral; (2) declare each such Schedule in default, and cancel each such Schedule, and Company shall immediately assemble, make available and, if Trinity requests, return the Equipment to Trinity in the manner and condition reasonably required by Trinity (3) enter any premises where any item of Equipment is located and take immediate possession of and remove (or disable in place) such item (and/or any unattached parts) by self-help, summary proceedings or otherwise without liability; (4) use Company’s premises for storage for a reasonable time (not to exceed 60 days) without liability; (5) dispose of any Equipment, and apply or retain the net proceeds of such disposition, with Company remaining liable for any deficiency; (6) enforce any or all of the preceding remedies with respect to any related Collateral, and apply any deposit or other cash collateral, or any proceeds of any such Collateral, at any time to reduce any amounts due to Trinity; and (7) demand, accelerate and recover from Company all Payments and all other damages whenever the same shall be due.  

(b)[RESERVED] 

(c)Upon the occurrence of an Event of Default, Company shall also be liable for all of the following (“Enforcement Costs”):  (1) all unpaid Payments due before, during or after exercise of any of the foregoing remedies, and (2) all reasonable legal fees (including consultation, drafting notices or other documents, expert witness fees, sending notices or instituting, prosecuting or defending litigation or arbitration) and other enforcement costs and expenses incurred by reason of any Event of Default or the exercise of Trinity’s rights or remedies, including disposition of the Equipment.  Late Charges shall accrue with respect to any amounts payable under this Section for as long as such amounts remain outstanding, and shall be paid by Company upon demand.  No right or remedy is exclusive and each may be used successively and cumulatively.  Any failure to exercise the rights granted hereunder upon any Default or Event of Default shall not constitute a waiver of any such right.  The execution of a Schedule shall not constitute a waiver by Trinity of any pre-existing Event of Default.  With respect to any disposition of any Equipment or Collateral, (i) Trinity shall have no obligation, subject to the requirements of commercial reasonableness, to clean-up or otherwise prepare the same for disposition, (ii) Trinity may comply with any applicable law in connection with any such disposition, and any actions taken in connection therewith shall not be deemed to have adversely affected 
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the commercial reasonableness of any disposition thereof, (iii) Trinity may disclaim any title or other warranties in connection with any such disposition, and (iv) Company shall remain responsible for any deficiency remaining after Trinity’s exercise of its remedies and application of any funds or credits against Company’s obligations under any Schedule, and, after such application, Trinity shall return any excess to Company unless otherwise required by applicable law. 

17.ASSIGNMENT.  (a) Company shall not assign any interest under this Agreement, any Schedule, or any Equipment Financing Documents without Trinity’s prior written consent in its sole discretion. (b) Trinity may from time to time without notice to Company grant a security interest in and otherwise transfer to any person or entity (an “Assignee”) any interest in any Equipment Financing Documents.  Company shall not assert against any Assignee any Abatement or Claim that Company may have against Trinity.  Upon the request of Trinity or any Assignee, Company shall (i) execute and deliver to Trinity or to such Assignee an acknowledgment of the Assignment in form and substance satisfactory to the requesting party, an insurance certificate and such other documents and assurances reasonably requested by Trinity or Assignee, and (ii) comply with all other reasonable requirements of any such Assignee in connection with any such Assignment.  Upon such Assignment and except as may otherwise be provided herein, all references to “Trinity” in this Agreement or in any Equipment Financing Documents, shall include such Assignee.  (c) Subject always to the foregoing, this Agreement and any Equipment Financing Documents shall inure to the benefit of, and are binding upon, Company’s and Trinity’s successors and assigns. 

18.MISCELLANEOUS.   (a) This Agreement, each Schedule hereto, the Equipment Financing Documents and any commitment letter between the parties, constitute the entire agreement between the parties with respect to the subject matter hereof and thereof and shall not be amended or modified in any manner except by a document in writing executed by both parties.  (b) In the event of any inconsistency between this Agreement and any Schedule, the terms of such Schedule shall control as to the Equipment listed on such Schedule. (c) Any provision of this Agreement that 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. The representations, warranties and agreements of Company herein shall be deemed to be continuing and to survive the execution and delivery of this Agreement, each Schedule and any other Equipment Financing Documents.  With respect to each Schedule, the obligations of Company under this Agreement which have accrued but not been fully satisfied, performed or complied with prior to the expiration or earlier cancellation or termination of such Schedule, shall survive the expiration or earlier cancellation or termination thereof.  (d) All of Company’s obligations hereunder and under any Schedule shall be performed at Company’s sole expense.  Company shall reimburse Trinity promptly upon demand for all reasonable and documented expenses incurred by Trinity in connection with this Agreement or any Schedule, including reasonable attorney(s) fees; provided that, notwithstanding anything to the contrary herein, the aggregate amount of fees related to equipment appraisals and due diligence hereunder for which the Company is required to reimburse Trinity shall not exceed $5,000.  If Company fails to perform any of its obligations with respect to a Schedule, Trinity shall have the right, but shall not be obligated, to affect such performance, and Company shall reimburse Trinity, upon demand, for all expenses incurred by Trinity in connection with such performance.  Trinity’s effecting such compliance shall not be a waiver of Company’s default.  All amounts payable under this Section, if not paid when due, shall be paid to Trinity together with interest thereon at the Late Charge Rate.  (e) Company irrevocably appoints Trinity as Company’s attorney-in-fact (which power shall be deemed coupled with an interest) to execute, endorse and deliver any documents and checks or drafts relating to or received in payment for any loss or damage under the policies of insurance required by this Agreement, but only to the extent that the same relates to the Equipment.  (f) TRINITY AND COMPANY WAIVE TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO WHICH COMPANY AND/OR TRINITY MAY BE PARTIES ARISING OUT OF OR IN ANY WAY PERTAINING TO THIS AGREEMENT.  (g) All notices (excluding billings and communications in the ordinary course of business) hereunder shall be in writing, personally delivered, delivered by overnight courier service, sent by electronic mail, or sent by certified mail, return receipt requested, addressed to the other party at its respective address stated below the signature of such party or at such other address as such party shall from time to time designate in writing to the other party; and shall be effective from the date of receipt.  (h) This Agreement 
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shall not be effective unless and until accepted by execution by an officer of Trinity. THIS AGREEMENT AND ALL OF THE OTHER EQUIPMENT FINANCING DOCUMENTS, AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER, SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF DELAWARE (WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES OF THE STATE), INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, REGARDLESS OF THE LOCATION OF THE EQUIPMENT.  Any action or proceeding arising out of or relating to this Agreement may be commenced in any state or Federal court in the State of Delaware, and agree that a summons and complaint commencing an action or proceeding in any such court shall be properly served and shall confer personal jurisdiction if served personally or by certified mail to it at the mailing address below Company’s signature, or as it may provide in writing from time to time, or as otherwise provided under the laws of the State of Delaware.  (i) This Agreement and all of the other Equipment Financing Documents may be executed in counterparts.  (j) Trinity may correct patent errors and fill in any blanks in the Equipment Financing Documents consistent with the agreement of the parties so long as Trinity provides written notice of such correction.

19.DEFINITIONS AND RULES OF CONSTRUCTION.  (a) The following terms when used in this Agreement or in any of the Equipment Financing Documents have the following meanings: (1) “affiliate”: with respect to any given person, shall mean (i) each person that directly or indirectly owns or controls, whether beneficially or as a trustee, guardian or other fiduciary, ten (10) percent or more of the voting stock, membership interest or similar equity interest having ordinary voting power in the election of directors or managers of such person, (ii) each person that controls, is controlled by, or is under common control with, such person, or (iii) each of such person’s officers, directors, members, joint venturers and partners.  For the purposes of this definition, “control” of a person means the possession, directly or indirectly, of the power to direct or cause the direction of its management or policies, whether through the ownership of voting securities, by contract or otherwise; (2) “applicable law” or “law”: with respect to any person, any law, rule, regulation, ordinance, order, code, common law, interpretation, judgment, directive, decree, treaty, injunction, writ, determination, award, permit or similar norm or decision of any governmental authority applicable to or binding on such person or any of its property or assets or to which such person or any of its property or assets is subject; (3) “AS IS, WHERE IS”: AS IS, WHERE IS, without warranty, express or implied, with respect to any matter whatsoever; (4) “business day”: any day, other than a Saturday, Sunday, or legal holiday for commercial banks under the laws of the state of Trinity’s notice address; (5) “governmental authority”: any federal, state, county, municipal, regional or other governmental authority, agency, board, body, instrumentality or court, in each case, whether domestic or foreign; (6) “hazardous material”: means any chemical, compound, materials, substance or other matter that: (i) is a flammable explosive, asbestos, radioactive materials, nuclear medicine materials, drug, vaccine, bacteria, virus, hazardous waste, toxic substance, petroleum product, or related injurious or potentially injurious material, whether injurious or potentially injurious by itself or in combination with other materials; (7) “person”: any individual, corporation, limited liability entity, partnership, joint venture, or other legal entity or a governmental authority, whether employed, hired, affiliated, owned, contracted with, or otherwise related or unrelated to Company or Trinity; and (8) “UCC” or “Uniform Commercial Code”: the Uniform Commercial Code as in effect in the State of Delaware or in any other applicable jurisdiction.

20.PUBLICITY.  Trinity may disclose to others and include on or in its website, brochures and other marketing materials information, that are reviewed and approved by the Company in advance, which may consist of “tombstone-like” statements about this transaction that mention Company or may use Company’s logo. Such information shall not include any proprietary or confidential information of Company. Company hereby grants Trinity the right to include information about this transaction, including but not limited to the Company’s name, the type of investment, principal amount, interest rate and maturity date, in Trinity’s periodic reports with the Securities and Exchange Commission (“SEC”), to the extent required by SEC rules and regulations.

[SIGNATURE PAGE TO FOLLOW]
    Page 10 of 11

    IN WITNESS WHEREOF, the parties hereto have caused this Master Equipment Financing Agreement to be duly executed as of the day and year first above set forth. 

						
	

“Trinity”

TRINITY CAPITAL INC.
a Maryland corporation
 
     

        
By: _____________________________
Name:    Sarah Stanton
Title:    General Counsel and Secretary 

1 North 1st Street, Suite 302
Phoenix, AZ 85004
Phone: (480) 374-5350
legal@trincapinvestment.com 
	

“Company”

HI-POWER, LLC 
a Delaware limited liability company

By:                     
Name: Sagar Kurada
Title: Chief Financial Officer

Address:200 Braddock Ave
Turtle Creek, PA 15145
Telephone:  (732) 225-8400
Email:   (732) 225-8400

Federal Tax ID Number:  832-2095686

    Page 11 of 11

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