Document:

Exhibit
4.6

 

FORM
OF RIGHTS AGREEMENT 

BETWEEN

CONTINENTAL
STOCK TRANSFER & TRUST COMPANY 

AND
GREENVISION ACQUISITION CORP.

 

RIGHTS
AGREEMENT

 

This
Rights Agreement (this “Agreement”) is made as of [*], 2019 between GreenVision Acquisition Corp., a Delaware corporation,
with offices at No. 10-37C, Lane One, Weifang West Road, Pudong District, Shanghai 200122 China (the “Company”), and
Continental Stock Transfer& Trust Company, a New York limited liability trust company, with offices at 1 State Street Plaza,
New York, New York 10004 (the “Right Agent”).

 

WHEREAS,
the Company has received a firm commitment from I-Bankers Securities Inc.(“I-Bankers”), as representative of the
several underwriters, to purchase, in an underwritten public offering (“Public Offering”) of its securities under
the Securities Act of 1933, as amended, up to an aggregate of 5,750,000 units, each unit (“Unit”) comprised of:
(i) one share of common stock par value $0.00001 per share (“Shares”; (ii) one warrant to purchase one share of
common stock (“Warrants”); and (iii) one right to receive one-tenth of one share of common stock
(“Rights”), upon the occurring of the triggering event described herein, and in connection therewith, will issue
and deliver up to an aggregate of 5,750,000 Rights upon consummation of such public offering, 750,000 of which are
attributable to the over-allotment option;

 

WHEREAS,
the Company has filed with the Securities and Exchange Commission a Registration Statement on Form S-1, File No. 333-______ (“Registration
Statement”), for the registration, under the Securities Act of 1933, as amended, of, the Units, Shares, Warrants and Rights
and the shares of common stock underlying the Warrants and Rights issuable to the holders of the Warrants and Rights;

 

WHEREAS,
the Company desires the Right Agent to act on behalf of the Company, and the Right Agent is willing to so act, in connection with
the issuance, registration, transfer and exchange of the Rights;

 

WHEREAS,
the Company desires to provide for the form and provisions of the Rights, the terms upon which they shall be issued, and the respective
rights, limitation of rights, and immunities of the Company, the Right Agent, and the holders of the Rights; and

 

WHEREAS,
all acts and things have been done and performed which are necessary to make the Rights, when executed on behalf of the Company
and countersigned by or on behalf of the Right Agent, as provided herein, the valid, binding and legal obligations of the Company,
and to authorize the execution and delivery of this Agreement.

 

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

 

1. Appointment
of Right Agent. The Company hereby appoints the Right Agent to act as agent for the Company for the Rights, and the Right
Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in
this Agreement.

 

2. Rights.

 

2.1. Form
of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto,
the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the
Board, President or Chief Executive Officer and Chief Financial Officer of the Company and shall bear a facsimile of the Company’s
seal. In the event the person whose facsimile signature has been placed upon any Right shall have ceased to serve in the capacity
in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not
ceased to be such at the date of issuance.

 

    1

     

    

 

2.2. Effect
of Countersignature. Unless and until countersigned by the Right Agent pursuant to this Agreement, a Right shall be invalid
and of no effect and may not be exchanged for share of common stock.

 

2.3. Registration.

 

2.3.1. Right
Register. The Right Agent shall maintain books (“Right Register”) for the registration of original issuance
and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Right Agent shall issue and register
the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions
delivered to the Right Agent by the Company.

 

2.3.2. Registered
Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Right Agent may deem
and treat the person in whose name such Right shall be registered upon the Right Register (“registered holder”) as
the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing
on the Right Certificate made by anyone other than the Company or the Right Agent), for the purpose of the exchange thereof, and
for all other purposes, and neither the Company nor the Right Agent shall be affected by any notice to the contrary.

 

2.4. Detachability
of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the ninetieth
(90th) day after the date hereof unless I-Bankers informs the Company and the Rights Agent of its decision to allow
earlier separate trading, but in no event will separate trading of the securities, including the Rights, comprising the Units
begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt
by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of
the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release
and files a Current Report on Form 8-K announcing when such separate trading shall begin.

 

3. Terms
and Exchange of Rights.

 

3.1. Rights. Each
Right shall entitle the holder thereof to receive one-tenth of one share of common stock upon the occurring of the Exchange Event
(described below). No additional consideration shall be paid by a holder of Rights in order to receive his, her or its share of
common stock upon an Exchange Event as the purchase price for such shares has been included in the purchase price for the Units.
In no event will the Company be required to net cash settle the Rights.

 

3.2. Exchange
Event. The Exchange Event shall be the Company’s consummation of the initial Business Combination (as defined in
the Company’s Amended and Restated Certificate of Incorporation, as filed as an exhibit to the Registration Statement).

 

3.3. Exchange
of Rights.

 

3.3.1. Issuance
of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of
the Rights to return their Rights certificates to the Right Agent. Upon receipt of a valid Rights certificate, the Company shall
issue to the registered holder of such Right(s) a certificate or certificates for the full number of shares to which he, she or
it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision
contained in this Rights Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The
Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will either
instruct the Rights Agent to round up to the nearest whole share of Common Stock.

 

3.3.2. Valid
Issuance. All shares of common stock issued upon the Exchange Event in conformity with this Agreement, and registered
on the Company’s stockholder register, shall be validly issued, fully paid and non-assessable.

 

3.3.3. Date
of Issuance. Each person in whose name any such certificate for shares of common stock is issued shall for all purposes
be deemed to have become the holder of record of such shares on the date of the Exchange Event, irrespective of the date of the
delivery of such certificate.

 

    2

     

    

 

3.3.4. Company
Not Surviving Following Exchange Event. If the Exchange Event results in the Company not continuing as the publicly held
reporting entity under the Securities and Exchange Act of 1934, as amended, the definitive agreement with the target business
for a Business Combination will provide for the holders of Rights to receive the same per share consideration the holders of the
shares of common stock will receive in such transaction, for the number of shares such holder is entitled to pursuant to Section
3.1 above. If the Company is not the surviving entity in a Business Combination, the holder of Rights must affirmatively elect
to convert the Rights in order to receive the shares underlying such Rights and must return the Rights certificates to the Company.

  

3.4. Duration
of Rights. If an Exchange Event does not occur within the time period set forth in the Company’s Amended and Restated
Certificate of Incorporation, as the same may be amended from time to time, the Rights shall expire and shall be worthless.

 

4. Transfer
and Exchange of Rights.

 

4.1. Registration
of Transfer. The Right Agent shall register the transfer, from time to time, of any outstanding Right upon the Right
Register, upon surrender of such Right for transfer, properly endorsed with signatures properly guaranteed and accompanied by
appropriate instructions for transfer. Upon any such transfer, a new Right certificate representing an equal aggregate number
of Rights shall be issued and the old Right certificate shall be cancelled by the Right Agent. The Right certificate(s) so cancelled
shall be delivered by the Right Agent to the Company from time to time upon request.

 

4.2. Procedure
for Surrender of Rights. Rights may be surrendered to the Right Agent, together with a written request for exchange or
transfer, and thereupon the Right Agent shall issue in exchange therefor one or more new Right certificate(s) as requested by
the registered holder of the Rights so surrendered, representing an equal aggregate number of Rights; provided, however, that
in the event that a Right surrendered for transfer bears a restrictive legend, the Right Agent shall not cancel such Right certificate
and issue new Right certificate(s) in exchange therefor until the Right Agent has received an opinion of counsel for the Company
stating that such transfer may be made and indicating whether the new Right certificate(s) must also bear a restrictive legend.

 

4.3. Fractional
Rights. The Right Agent shall not be required to effect any registration of transfer or exchange which will result in
the issuance of a Right certificate for a fraction of a Right.

 

4.4. Service
Charges. No service charge shall be made for any exchange or registration of transfer of Rights.

 

4.5. Adjustments
to Conversion Ratios. The number of shares of common stock that the holders of Rights are entitled to receive as a result
of the occurrence of the Exchange Event shall be equitably adjusted to reflect appropriately the effect of any share split, reverse
share split, share dividend, reorganization, recapitalization, reclassification, combination, exchange of shares or other like
change with respect to the shares of common stock occurring on or after the date hereof and prior to the Exchange Event.

 

4.6. Right
Execution and Countersignature. The Right Agent is hereby authorized to countersign and to deliver, in accordance with
the terms of this Agreement, the Rights required to be issued pursuant to the provisions of this Section 4, and the Company, whenever
required by the Right Agent, will supply the Right Agent with Rights duly executed on behalf of the Company for such purpose.

  

5. Other
Provisions Relating to Rights of Holders of Rights.

 

5.1. No
Rights as Shareholder. Until exchange of a Right for shares of common stock as provided for herein, a Right does not
entitle the registered holder thereof to any of the rights of a shareholder of the Company, including, without limitation, the
right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent or to receive notice
as shareholders in respect of the meetings of shareholders or the election of directors of the Company or any other matter.

 

5.2. Lost,
Stolen, Mutilated, or Destroyed Right Certificate(s). If any Right certificate(s) is lost, stolen, mutilated, or destroyed,
the Company and the Right Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall,
in the case of a mutilated Right certificate, include the surrender thereof), issue a new Right certificate of like denomination,
tenor, and date as the Right certificate so lost, stolen, mutilated, or destroyed. Any such new Right certificate shall constitute
a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated, or destroyed Right certificate
shall be at any time enforceable by anyone.

 

    3

     

    

 

5.3. Reservation
of Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued shares of
common stock that will be sufficient to permit the exchange of all outstanding Rights issued pursuant to this Agreement.

 

6. Concerning
the Right Agent and Other Matters.

 

6.1. Payment
of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company
or the Right Agent in respect of the issuance or delivery of share of common stock upon the exchange of Rights, but the Company
shall not be obligated to pay any transfer taxes in respect of the Rights or such shares.

 

6.2. Resignation,
Consolidation, or Merger of Right Agent.

 

6.2.1. Appointment
of Successor Right Agent. The Right Agent, or any successor to it hereafter appointed, may resign its duties and be discharged
from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the
office of the Right Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing
a successor Right Agent in place of the Right Agent. If the Company shall fail to make such appointment within a period of 30
days after it has been notified in writing of such resignation or incapacity by the Right Agent or by the holder of the Right
(who shall, with such notice, submit his, her or its Right for inspection by the Company), then the holder of any Right may apply
to the Supreme Court of the State of New York for the County of New York for the appointment of a successor Right Agent at the
Company’s cost. Any successor Right Agent, whether appointed by the Company or by such court, shall be a corporation organized
and existing under the laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan,
City and State of New York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination
by federal or state authority. After appointment, any successor Right Agent shall be vested with all the authority, powers, rights,
immunities, duties, and obligations of its predecessor Right Agent with like effect as if originally named as Right Agent hereunder,
without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Right Agent shall
execute and deliver, at the expense of the Company, an instrument transferring to such successor Right Agent all the authority,
powers, and rights of such predecessor Right Agent hereunder; and upon request of any successor Right Agent the Company shall
make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in and confirming
to such successor Right Agent all such authority, powers, rights, immunities, duties, and obligations. 

 

6.2.2. Notice
of Successor Right Agent. In the event a successor Right Agent shall be appointed, the Company shall give notice thereof
to the predecessor Right Agent and the transfer agent for the shares of common stock not later than the effective date of any such
appointment.

 

6.2.3. Merger
or Consolidation of Right Agent. Any corporation or other form of entity into which the Right Agent may be merged or
with which it may be consolidated or any corporation resulting from any merger or consolidation to which the Right Agent shall
be a party shall be the successor Right Agent under this Agreement without any further act.

 

6.3. Fees
and Expenses of Right Agent.

 

6.3.1. Remuneration. The
Company agrees to pay the Right Agent reasonable remuneration for its services as such Right Agent hereunder and will reimburse
the Right Agent upon demand for all expenditures that the Right Agent may reasonably incur in the execution of its duties hereunder.

 

6.3.2. Further
Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged,
and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Right Agent for
the carrying out or performing of the provisions of this Agreement.

 

    4

     

    

 

6.4. Liability
of Right Agent.

 

6.4.1. Reliance
on Company Statement. Whenever in the performance of its duties under this Right Agreement, the Right Agent shall deem
it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action
hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be
conclusively proved and established by a statement signed by the President, Chief Executive Officer or Chief Financial Officer
and delivered to the Right Agent. The Right Agent may rely upon such statement for any action taken or suffered in good faith
by it pursuant to the provisions of this Agreement.

 

6.4.2. Indemnity. The
Right Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. The Company agrees to
indemnify the Right Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable counsel
fees, for anything done or omitted by the Right Agent in the execution of this Agreement except as a result of the Right Agent’s
gross negligence, willful misconduct, or bad faith.

  

6.4.3. Exclusions. The
Right Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution
of any Right (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant
or condition contained in this Agreement or in any Right; nor shall it by any act hereunder be deemed to make any representation
or warranty as to the authorization or reservation of any share of common stock to be issued pursuant to this Agreement or any
Right or as to whether any shares of common stock will when issued be valid and fully paid and non-assessable.

 

6.5. Acceptance
of Agency. The Right Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon
the terms and conditions herein set forth.

 

6.6. Waiver. The
Right Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of
the date hereof, by and between the Company and the Right Agent as trustee thereunder) and hereby agrees not to seek recourse,
reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

7. Miscellaneous
Provisions.

 

7.1. Successors. All
the covenants and provisions of this Agreement by or for the benefit of the Company or the Right Agent shall bind and inure to
the benefit of their respective successors and assigns.

 

7.2. Notices. Any
notice, statement or demand authorized by this Right Agreement to be given or made by the Right Agent or by the holder of any
Right to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified
mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address
is filed in writing by the Company with the Right Agent), as follows:

 

Zhigeng
(David) Fu,

Chief
Executive Officer

No.
10-37C, Lane One, Weifang West Road,

Pudong
District, Shanghai 200122

PRC
China

 

Copy
to (which copy shall not be deemed to constitute notice to the Company)

 

Becker
& Poliakoff LLP

45
Broadway, 17th Floor

New
York, New York 10006

Attn:
Brian Daughney, Esq.

Email:
bdaughney@beckerlawyers.com

Fax:
(212) 599-3322

 

    5

     

    

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Right or by the Company to or
on the Right Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail
or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is
filed in writing by the Right Agent with the Company), as follows:

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attn:
Steve Nelson

 

with
a copy (which shall not constitute notice) in each case to:

 

I-Bankers

 

I-Bankers
Securities, Inc.

535
5th Avenue

Suite
423

New
York, New York 10017

Attn.:
Mike McCrory, CEO

Email:
mike@ibsgroup.net

 

Copy
to (which copy shall not be deemed to constitute notice to I-Bankers):

 

Schiff
Hardin LLP

901
K Street NW

Suite
700

Washington,
DC 20001

Attn:
Ralph V. De Martino, Esq.

Email:
rdemartino@schiffhardin.com

Fax:
(202) 778-6460

 

 

7.3. Applicable
Law. The validity, interpretation, and performance of this Agreement and of the Rights shall be governed in all respects
by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application
of the substantive laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising
out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United
States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient
forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or
certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 7.2 hereof. Such
mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.

 

7.4. Persons
Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the
provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties
hereto and the registered holders of the Rights and, for the purposes of Sections 3, 7.4 and 7.8 hereof, I-Bankers, any right,
remedy, or claim under or by reason of this Right Agreement or of any covenant, condition, stipulation, promise, or agreement
hereof. I-Bankers shall be deemed to be a third-party beneficiary of this Agreement with respect to Sections 3, 7.4 and 7.8 hereof.
All covenants, conditions, stipulations, promises, and agreements contained in this Right Agreement shall be for the sole and
exclusive benefit of the parties hereto (and I-Bankers with respect to the Sections 3, 7.4 and 7.8 hereof) and their successors
and assigns and of the registered holders of the Rights. The provisions of this Section 7.4 may not be modified, amended or deleted
without the prior written consent of I-Bankers.

 

7.5. Examination
of the Right Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Right
Agent in the Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Right. The Right
Agent may require any such holder to submit his, her or its Right for inspection by it.

 

    6

     

    

 

7.6. Counterparts. This
Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

7.7. Effect
of Headings. The Section headings herein are for convenience only and are not part of this Right Agreement and shall
not affect the interpretation thereof.

 

7.8. Amendments. This
Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose of curing any ambiguity,
or of curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions
with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the
parties deem shall not adversely affect the interest of the registered holders. All other modifications or amendments shall require
the written consent or vote of the registered holders of a majority of the then outstanding Rights. The provisions of this Section
7.8 may not be modified, amended or deleted without the prior written consent of I-Bankers.

 

7.9. Severability. This
Right Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Right Agreement or of any other term or provision hereof. Furthermore, in lieu of any such
invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Right Agreement
a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

[Signature
Page Follows]

 

    7

     

    

 

[signature
page to GreenVision Rights Agreement] 

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

 

	GRENVISION
    ACQUISITION CORP
	 
	By:	 	 
	 	Zhigeng
    (David) Fu, Chief Executive Officer	 

 

	CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY, as Right Agent
	 	 
	By:	                    	 
	Name:	 	 
	Title:	 	 

 

    8

     

    

 

Exhibit
A

Form
of Right Certificate

 

 [Intentionally
Omitted]Exhibit 10.1

 

Form of Letter Agreement From Sponsor, Officers
and Directors

 

[____________ __, 2019]

 

GreenVision
Acquisition Corp

No.
10-37C, Lane One, Weifang West Road,

Pudong
District, Shanghai China 200122

 

I-Bankers Securities, Inc.

535 5th Avenue

Suite 423

New York, New York 10017

 

	 	Re:	GreenVision Acquisition Corp.
	 	 	Initial Public Offering  - Insiders’ Waiver and Voting Agreements

 

Ladies and Gentlemen:

 

This letter is being
delivered to you in accordance with the Underwriting Agreement dated as of _________, 2019 (the “Underwriting Agreement”)
entered into by and between GreenVision Acquisition Corp., a Delaware corporation (the “Company”), and
I-Bankers Securities Inc. as representative (the “Representative”) of the several Underwriters named
in Schedule A thereto (the “Underwriters”), relating to an underwritten initial public offering (the
“IPO”) under the Securities Act of 1933, as amended of the Company’s units (the “Units”),
each Unit comprised of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”),
and one warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms
used herein are defined in paragraph 14 hereof.

 

In order to induce
the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the
benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

1. If the Company solicits
approval of its stockholders of a Business Combination, the undersigned will vote all shares of Common Stock beneficially owned
by him, her, or it, whether acquired before, in, or after the IPO, in favor of such Business Combination.

 

2. (a) In the event
that the Company fails to consummate a Business Combination within the time period set forth in the Company’s Amended and
Restated Certificate of Incorporation, as the same may be amended from time to time (the “Certificate of Incorporation”),
the undersigned will, as promptly as possible, cause the Company to (i) cease all operations except for the purpose of winding
up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust
Account net of interest released to the Company as permitted pursuant to the Trust Agreement, divided by the number of then outstanding
IPO Shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right
to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of the Company’s remaining stockholders and the Company’s board of directors, dissolve and
liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for
claims of creditors and other requirements of applicable law.

 

(b) The undersigned
hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”)
with respect to the shares of Founders’ Common Stock owned by the undersigned and hereby waives any Claim the undersigned
may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse
against the Trust Account for any reason whatsoever. The undersigned acknowledges and agrees that there will be no distribution
from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

(c) In the event of
the liquidation of the Trust Account, the undersigned agrees to indemnify and hold harmless the Company for any debts and obligations
to target businesses or vendors or other entities that are owed money by the Company for services rendered or contracted for or
products sold to the Company, but only to the extent necessary to ensure that such debt or obligation does not reduce the amount
of funds in the Trust Account below $10.00 per share; provided that such indemnity shall not apply (i) if such vendor or prospective
target business executed an agreement waiving any right, title, interest or claim of any kind they may have in or to any monies
held in the Trust Account, or (ii) as to any claims under the Company’s obligation to indemnify the Underwriters against
certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).

 

    

     

    

  

3. The undersigned
acknowledges and agrees that prior to entering into a Business Combination with a target business that is affiliated with any Insiders
of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent
directors and the Company must obtain an opinion from an independent investment banking firm, or another independent entity that
commonly renders valuation opinions, that such Business Combination is fair to the Company’s unaffiliated stockholders from
a financial point of view.

 

4. Neither the undersigned
nor any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior
to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall
be allowed to make the payments set forth in the Registration Statement under the caption “Prospectus Summary – The
Offering – Limited payments to insiders.”

 

5. Neither the undersigned
nor any affiliate of the undersigned will be entitled to receive or accept a finder’s fee or any other compensation in the
event either of the undersigned or any affiliate of the undersigned originates a Business Combination.

 

6. (a) The undersigned
will place into escrow all shares of Common Stock owned by him/her/it pursuant to the terms of a Stock Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer and Trust Company.

 

(b) The undersigned
agrees that until after the Company consummates a Business Combination, all Sponsor Common Stock and/or Private Securities owned
by him/her/it will be subject to the transfer restrictions described in the Subscription Agreement relating to the undersigned’s
Sponsor Common Stock and/or Private Securities.

 

7. (a) In order to
minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that
until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company
for its consideration, prior to presentation to any other entity, any suitable target business, subject to any pre-existing fiduciary
or contractual obligations the undersigned might have.

 

(b) The undersigned
hereby agrees and acknowledges that (i) each of the Underwriters and the Company may be irreparably injured in the event of a breach
of any of the obligations contained in this letter, (ii) monetary damages may not be an adequate remedy for such breach and (iii)
the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law
or in equity, in the event of such breach.

 

8. The undersigned
agrees to be the [_____] of the Company until the earlier of the consummation by the Company of a Business Combination
or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company and the
Representative is true and accurate in all respects, does not omit any material information with respect to the undersigned’s
background and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under
the Securities Act. The undersigned’s FINRA Questionnaire previously furnished to the Company and the Representative is true
and accurate in all respects. The undersigned represents and warrants that:

 

(a) he/she/it has
never had a petition under the federal bankruptcy laws or any state insolvency law been filed by or against (i) him/her/it or any
partnership in which he/she/it was a general partner at or within two years before the time of filing; or (ii) any corporation
or business association of which he/she/it was an executive officer at or within two years before the time of such filing;

  

(b) he/she/it has
never had a receiver, fiscal agent or similar officer been appointed by a court for his/her/its business or property, or any such
partnership;

 

(c) he/she/it has
never been convicted of fraud in a civil or criminal proceeding;

 

    2

     

    

 

(d) he/she/it/ has
never been convicted in a criminal proceeding or named the subject of a pending criminal proceeding (excluding traffic violations
and minor offenses);

 

(e) he/she/it has
never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent
jurisdiction, permanently or temporarily enjoining or otherwise limiting him/her/it from (i) acting as a futures commission merchant,
introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other
person regulated by the Commodity Futures Trading Commission (“CFTC”) or an associated person of any
of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director
or employee of any investment company, bank, savings and loan association or insurance company, or from engaging in or continuing
any conduct or practice in connection with any such activity; or (ii) engaging in any type of business practice; or (iii) engaging
in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal
or state securities or federal commodities laws;

 

(f) he/she/it has
never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or state
authority barring, suspending or otherwise limiting for more than 60 days his/her/its right to engage in any activity described
in 9(e)(i) above, or to be associated with persons engaged in any such activity;

 

(g) he/she/it has
never been found by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal or state securities
law, where the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended or vacated;

 

(h) he/she/it has
never been found by a court of competent jurisdiction in a civil action or by the CFTC to have violated any federal commodities
law, where the judgment in such civil action or finding by the CFTC has not been subsequently reversed, suspended or vacated;

 

(i) he/she/it has
never been the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree or finding, not
subsequently reversed, suspended or vacated, relating to an alleged violation of (i) any Federal or State securities or commodities
law or regulation, (ii) any law or regulation respecting financial institutions or insurance companies including, but not limited
to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and
desist order, or removal or prohibition order or (iii) any law or regulation prohibiting mail or wire fraud or fraud in connection
with any business entity;

 

(j) he/she/it has
never been the subject of, or party to, any sanction or order, not subsequently reversed, suspended or vacated, or any self-regulatory
organization, any registered entity, or any equivalent exchange, association, entity or organization that has disciplinary authority
over its members or persons associated with a member;

 

(k) he/she/it has
never been convicted of any felony or misdemeanor: (i) in connection with the purchase or sale of any security; (ii) involving
the making of any false filing with the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker, dealer,
municipal securities dealer, investment advisor or paid solicitor of purchasers of securities;

 

(l) he/she/it was
never subject to a final order of a state securities commission (or an agency of officer of a state performing like functions);
a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an
agency or officer of a state performing like functions); an appropriate federal banking agency; the Commodity Futures Trading Commission;
or the National Credit Union Administration that is based on a violation of any law or regulation that prohibits fraudulent, manipulative,
or deceptive conduct;

  

(m) he/she/it has
never been subject to any order, judgment or decree of any court of competent jurisdiction, that, at the time of such sale, restrained
or enjoined him/her/it from engaging or continuing to engage in any conduct or practice: (i) in connection with the purchase or
sale of any security; (ii) involving the making of any false filing with the SEC; or (iii) arising out of the conduct of the business
of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;

 

    3

     

    

 

(n) he/she/it has
never been subject to any order of the SEC that orders him/her/it to cease and desist from committing or causing a future violation
of: (i) any scienter-based anti-fraud provision of the federal securities laws, including, but not limited to, Section 17(a)(1)
of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and Section 206(1) of the Advisers Act or any
other rule or regulation thereunder; or (ii) Section 5 of the Securities Act;

 

(o) he/she/it has
never been named as an underwriter in any registration statement or Regulation A offering statement filed with the SEC that was
the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is, currently, the subject of an
investigation or proceeding to determine whether a stop order or suspension order should be issued;

 

(p) he/she/it has
never been subject to a United States Postal Service false representation order, or is currently subject to a temporary restraining
order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device
for obtaining money or property through the mail by means of false representations;

 

(q) he/she/it is not
subject to a final order of a state securities commission (or an agency of officer of a state performing like functions); a state
authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an agency
or officer of a state performing like functions); an appropriate federal banking agency; the Commodity Futures Trading Commission;
or the National Credit Union Administration that bars the undersigned from: (i) association with an entity regulated by such commission,
authority, agency or officer; (ii) engaging in the business of securities, insurance or banking; or (iii) engaging in savings association
or credit union activities;

 

(r) he/she/it is not
subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or section 203(e) or 203(f) of the Investment Advisers Act of 1940, as amended (the
“Advisers Act”), that: (i) suspends or revokes the undersigned’s registration as a broker, dealer,
municipal securities dealer or investment adviser; (ii) places limitations on the activities, functions or operations of, or imposes
civil money penalties on, such person; or (iii) bars the undersigned from being associated with any entity or from participating
in the offering of any penny stock; and

 

(s) he/she/it has
never been suspended or expelled from membership in, or suspended or barred from association with a member of, a securities self-regulatory
organization (e.g., a registered national securities exchange or a registered national or affiliated securities association) for
any act or omission to act constituting conduct inconsistent with just and equitable principles of trade.

 

9. The undersigned
has full right and power, without violating any agreement by which he, she or it is bound, to enter into this letter agreement
[and to serve as a director and/or officer of the Company].

 

10. The undersigned
hereby waives any right to exercise conversion rights with respect to any shares of the Company’s common stock owned or to
be owned by the undersigned, directly or indirectly (or to sell such shares to the Company in a tender offer), whether such shares
be part of the Founders’ Common Stock or shares purchased by the undersigned in the IPO or in the aftermarket, and agrees
not to seek conversion with respect to such shares in connection with any vote to approve a Business Combination (or sell such
shares to the Company in a tender offer in connection with such a Business Combination).

  

11. (a) The undersigned
hereby agrees to not propose, or vote in favor of, approving a definitive agreement for a Business Combination unless the Company
has (i) announced that it has entered into a definitive agreement for an initial business combination or (ii) failed to timely
consummate its initial business combination and has liquidated its trust account.

 

(b) The undersigned
hereby agrees to not propose, or vote in favor of, an amendment to Article [Sixth] of the Certificate of Incorporation prior to
the consummation of a Business Combination unless the Company provides public stockholders with the opportunity to convert their
shares of Common Stock upon such approval in accordance with such Article Sixth thereof.

 

[12. In the event that
the Company does not consummate a Business Combination and must liquidate and its remaining net assets are insufficient to complete
such liquidation so that amounts in trust would not equal $10.00 per share, the undersigned agrees to advance such funds necessary
to complete such liquidation and agrees not to seek repayment for such expenses.]1

 

 

1
For sponsor only

 

    4

     

    

 

13. This letter agreement
shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to
conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. Each of the Company
and the undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to
this letter agreement (a “Proceeding”) shall be brought and enforced in the courts of the State of New
York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which
jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an
inconvenient forum. The undersigned irrevocably agrees to appoint [the law firm of Becker & Poliakoff LLP] as agent for the
service of process in the State of New York to receive, for the undersigned and on his behalf, service of process in any Proceeding.
If for any reason such agent is unable to act as such, the undersigned will promptly notify the Company and the Representative
and appoint a substitute agent acceptable to each of the Company and the Representative within 30 days and nothing in this letter
will affect the right of either party to serve process in any other manner permitted by law.

 

14. As used herein,
(i) a “Business Combination” means a merger, share exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders”
means all officers, directors and sponsor of the Company immediately prior to the IPO; (iii) “Sponsor’s Common
Stock” means all of the shares of Common Stock of the Company acquired by an Insider prior to the IPO; (iv) “IPO
Shares” means the shares of Common Stock issued in the Company’s IPO; (v) “Private Securities”
means the warrants that are being sold privately by the Company to the sponsor simultaneously with the consummation of the IPO;
(vi) “Trust Agreement” means the Investment Management Trust Agreement between the Company and Continental
Stock Transfer & Trust Company being entered into in connection with the IPO and governing the use of funds held in the Trust
Account; (vii) “Trust Account” means the trust account into which a portion of the net proceeds of the
IPO will be deposited; and (viii) “Registration Statement” means the Company’s registration statement
on Form S-1 (SEC File No. 333-__________) filed with the Securities and Exchange Commission.

 

15. All
communications hereunder, except as herein otherwise specifically provided, shall be in writing and shall be mailed, delivered
by hand or reputable overnight courier or delivered by facsimile transmission (with printed confirmation of receipt) and confirmed,
or by electronic transmission via PDF, and shall be deemed given when so mailed, delivered, or faxed or transmitted (or if mailed,
three days after such mailing):

 

If to the Representative:

 

I-Bankers Securities,
Inc.

535 5th Avenue

Suite 423

New York, New York
10017

Attn.: Mike McCrory,
CEO

Email: mike@ibsgroup.net

 

Copy to (which copy
shall not be deemed to constitute notice to the Representative):

 

Schiff Hardin LLP

901 K Street NW

Suite 700

Washington, DC 20001

Attn: Ralph V. De Martino,
Esq.

Email: rdemartino@schiffhardin.com

Fax: (202) 778-6460

 

If to the Company:

 

GreenVision Acquisition
Corp.

No. 10-37C, Lane One,
Weifang West Road,

Pudong District, Shanghai
200122

Attn: David Fu, Chief
Executive Officer

Email: david.fu@glo.com.cn

 

    5

     

    

 

Copy to (which copy
shall not be deemed to constitute notice to the Company):

 

Becker & Poliakoff
LLP

45 Broadway, 17th Floor

New York, New York
10006

Attn: Brian Daughney,
Esq.

Email: bdaughney@beckerlawyers.com

Fax: (212) 599-3322

 

If to the Sponsor to:

 

GreenVision Capital
Holdings LLC

No. 10-37C, Lane One,
Weifang West Road,

Pudong District, Shanghai
200122

Attn: David Fu, Chief
Executive Officer

Email: david.fu@glo.com.cn

 

16. This Letter Agreement
constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes
all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate
in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended,
modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument
executed by all parties hereto.

 

[signature page follows]

 

    6

     

    

 

[signature page to
Insider Letter Agreement]

 

16. Each of the undersigned
acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations and warranties
set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Underwriters a representative
of, or a fiduciary with respect to, the Company, its stockholders or any creditor or vendor of the Company with respect to the
subject matter hereof.

 

	Print Name of Insider:	 	 
	 	 	 
	 	 	 
	Address of Insider:	 	 

 

Acknowledged and Agreed:

 

Dated __________ ____, 2019

 

GREENVISION ACQUISITION CORP

 

	By:	 	 
	Name:	David Fu	 
	Title:	Chief Executive Officer 	 
	 	 	 
	I-Bankers Securities, Inc.	 
	 	 	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}]]