Document:

Exhibit 10.65

 

Service Agreement for Managing Director

 

By and between

 

Tower Automotive Holding GmbH

 

represented by its sole shareholder, Tower
Automotive Holdings Europe BV, this in turn represented by its managing directors

 

- hereinafter referred to as "Company" -

 

and

 

Mr Pär O. H. Malmhagen

Martinsholzerstrasse 9

823 35 Berg

Germany

 

- hereinafter referred to as "Mr Malmhagen"
-

 

Preamble

 

The shareholder of the Company intends
to appoint Mr Malmhagen to the Company's Management Board (Geschäftsführung) as managing director. In this function
Mr Malmhagen shall act as President of Tower Europe and shall also become an elected Officer of Tower International Inc. The terms
and conditions underlying this appointment are set forth in this Service Agreement.

 

Sec. 1

Duties, Responsibilities and Powers

 

(1)         Mr
Malmhagen shall commence his office as managing director of the Company on August 1, 2012 at the latest. The parties will mutually
agree on an earlier commencement date, if possible. Mr Malmhagen shall conduct the Company's business affairs together with the
other members of the Company's Management Board.

 

(2)         In
his function as managing director and President of Tower Europe, Mr Malmhagen shall report to and follow the directions of the
President and CEO of Tower International Inc.. Mr Malmhagen shall use his best efforts in order to optimize the management and
performance of the Company and the Tower Europe group of companies as a whole.

 

    	 

    	 

    

 

(3)         Mr
Malmhagen shall fulfil his duties with the due care of a prudent businessman and will, in performing his work, comply with statutory
provisions, in particular with the German Limited Liabilities Companies Act (GmbHG), the articles of association of the
Company (Satzung), this Service Agreement, the resolutions of the shareholder which may also include rules of procedure
and a schedule of responsibilities (Geschäftsverteilungsplan) for the Management Board (Geschäftsordnung für
die Geschäftsführung) and a list of transactions requiring consent as resolved by the shareholder as well as any
corporate governance principles of the Company, each as amended from time to time.

 

(4)         Mr Malmhagen’s general place
of service shall be in Bergisch Gladbach, Germany. Mr Malmhagen shall also be obliged to travel for business purposes as required
for the proper performance of his tasks and responsibilities.

 

(5)         Subject
to statutory provisions and within the limits of the regulations applicable at the Company, Mr Malmhagen shall represent the Company
together with another managing director, or a "Prokurist” of the Company. The powers of representation of Mr Malmhagen
may be changed at any time. Subject to revocation at any time, Mr Malmhagen shall be released from the restrictions set forth in
Sec. 181 of the German Civil Code as far as they relate to the representation of several parties (Befreiung vom Verbot der Mehrfachvertretung).

 

(6)         If
so requested by the Company, Mr Malmhagen shall assume additional positions as an officer (Organstellung) in companies affiliated
with the Company, on supervisory boards or similar mandates as well as honorary functions in associations, to the extent this is
considered to be in the best interest of the Company. Except as otherwise agreed upon by the parties hereto in writing, the assumption
of such positions shall not establish any additional employment contract or service agreement and shall not create any additional
payment obligations of the Company or any affiliated entity. Mr Malmhagen shall, at the Company's request at any time but at the
latest upon termination of this Service Agreement, resign from such offices – to the extent legally permissible – or
transfer – as far as this is possible – such offices to third parties to be named by the Company. If Mr Malmhagen wishes
to resign from any other business or professional activity, which he has assumed in the interest of the Company, he must obtain
the prior written consent of the shareholder.

 

Sec. 2

Working Hours and Secondary Activities

 

(1)         Mr
Malmhagen shall devote his entire working capacity as well as his expertise and skills to the service of the Company and any other
affiliated entity he may be required to provide services to pursuant to Sec. 1 para (6) above. Mr Malmhagen may freely determine
his working hours. He shall, however, be available to the Company at any time and serve its interests as required.

 

(2)         The
continuation or assumption of any paid or unpaid secondary employment as well as the continuation or assumption of advisory board,
supervisory board or similar mandates for enterprises not affiliated with the Company, that could affect the interests of the Company,
requires the prior written consent of the shareholder which may be revoked at any time. Before taking on any secondary employment
or mandate prior written notice shall be given to the shareholder. In any event, no side activities shall be carried out during
the first year of service.

 

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Sec. 3

Remuneration

 

(1)         The
fixed gross annual salary shall amount to

 

EUR 365.000.00 (EURO
three hundred sixty-five thousand) p.a..

 

The fixed salary is payable in 12 equal instalments at the end
of each calendar month.

 

For the year 2012 it shall be paid pro-rated for the period
of service as from the date of commencement of this Service Agreement until year end 2012.

 

(2)         Subject to the fulfilment
of certain targets and objectives as annually determined by the board of Tower International, Inc, Mr Malmhagen shall be entitled
towards the Company to a variable annual bonus with a gross target amount of

 

EUR 220,000 (Euro two hundred twenty thousand)

 

and a maximum annual gross target amount
of

 

EUR 440,000 (Euro four hundred forty thousand)

 

The bonus amount, if any, shall be paid
by the Company and shall depend on the target achievement as evaluated by the board of Tower International and shall be forfeited
if certain minimum targets fail to be achieved. The targets and the conditions of entitlement shall be set annually by the board
of Tower International and are subject to the relevant bonus plan as valid from time to time.

 

If this Service Agreement is terminated
by the Company during the course of a fiscal year for good cause within the scope of Sec. 626 of the German Civil Code based on
circumstances in the behaviour or the person of Mr. Malmhagen including but not limited to his negligence, Mr. Malmhagen shall
not be entitled to a bonus for that particular year. In the event that the service relationship ends during the course of a year
for other reasons or if Mr Malmhagen is released from his duties to render services for the Company, the bonus shall be pro-rated
and the pro-rated part of the bonus shall be calculated in accordance with the actual targets achieved as of the fiscal year’s
end and shall fall due in accordance with the general rules as set out in the relevant bonus plan. In the event that the relevant
bonus plan does not provide for a due date, the rate of target achievement shall be determined no later than 5 months following
the year for which the bonus was promised and the annual bonus minus any statutory deductions shall fall due 1 month following
such determination of target achievement.

 

(3)         Subject
to the provisions of the Long Term Incentive (LTI)-Plan of Tower International Inc. as valid from time to time, Mr Malmhagen shall
become eligible to participate in the LTI-Plan of Tower Automotive Group. The LTI-award under the plan for 2012 will be based on
a target value of EUR 200,000 (Euros two-hundred thousand).

 

It is understood between the parties that
any rights, grants and entitlements to an LTI shall be solely subject to the relevant LTI-Plan as valid from time to time, that
Tower International Inc has full power of discretion in respect of the form of the award, if any, (e.g. RSUs, Shares, Share Options
or any other equity-like instrument) and that only Tower International Inc but not the Company shall be liable for awards granted
under the relevant LTI-Plan.

 

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(4)         Unless
expressly provided otherwise herein, in particular in Sec. 12 para (4) of this Service Agreement, or in a relevant bonus plan or
LTI plan, all remuneration shall be paid on a pro rata basis in case this Service Agreement should commence or end during the term
of a year.

 

(5)         The
parties are in agreement that although parts of the remuneration pursuant to this Sec. (3) will be paid by an entity other than
the Company, such payment obligations shall not create, constitute or cause an additional employment or service relationship with
any entity other than the Company.

 

Sec. 4

Signing and Retention Payment

 

(1)         Mr
Malmhagen shall receive a non-recurring signing bonus of EUR 50,000 (fifty thousand) gross upon commencement of his
employment with the Company as provided in Sec. 12 para (1). The net amount of this signing bonus after statutory deductions shall
be paid as part of the normal payroll in the first month of Mr Malmhagen’s employment.

 

(2)         Provided
that Mr Malmhagen does not terminate this Service Agreement, or resign from his corporate office as managing director, of his own
accord prior to December 31, 2013 and provided that the Company does not terminate this Service Agreement for cause in the meaning
of Sec. 626 German Civil Act based on circumstances in the behaviour or the person of Mr. Malmhagen including but not limited to
his negligence in the time until December 31, 2013, Mr Malmhagen shall be entitled to a one-off retention payment in the gross
amount of EUR 50,000 (Euros fifty thousand). This retention payment minus any statutory deductions shall fall due at the
time of the normal payroll for January 2014.

 

Sec. 5

Fringe Benefits/Reimbursement of Expenses

 

(1)         Mr
Malmhagen shall be eligible for the normal benefit plans and programs as determined by the Company and as applicable for similar
German senior executives of the Company from time to time, including the Tower Europe executive car program.

 

(2)         In
lieu of reimbursement for relocation expenses, the Company shall reimburse Mr Malmhagen against submission of proper receipts for
the expenses incurred for hotel accommodations in Bergisch Gladbach and the periodic commuting between his domicile in Munich and
Bergisch Gladbach up to an average amount of EUR 4,000 per month per year (i.e. up to an annual amount of max. EUR 48,000).

 

(3)         In addition, the Company shall
reimburse Mr Malmhagen for all reasonable travel expenses, out-of-pocket expenses and any other reasonable expenses incurred in
the performance of his tasks for the interest of the Company against submission of receipts eligible for submission to the tax
authorities and in accordance with the applicable regulations at the Company.

 

(4)         Any
taxes relating to the aforementioned benefits shall be borne by Mr Malmhagen.

 

Sec. 6

Insurance

 

(1)         The
Company shall include that Mr Malmhagen in the insurance coverage of the existing D&O insurance for members of the Company’s
senior management.

 

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(2)         Furthermore,
the Company shall pay the employer’s contribution to the compulsory components of the German social security insurance (Arbeitgeberanteil
am Sozialversicherungsbeitrag) and shall reimburse Mr Malmhagen for the cost of his health insurance in the amount of the
maximum employer’s portion of the German statutory health insurance (maximaler Arbeitgeberanteil der gesetzlichen Krankenversicherung).
For the avoidance of doubt, these payments shall be in lieu of any voluntary plans providing for benefits covered by the German
social security insurance and health insurance.

 

Sec. 7

Intellectual Property Rights

 

(1)         Inventions
and suggestions for qualified technical improvements are subject to the provisions of the German Employee Inventions Act (ArbnErfG)
as well as Sec. 69b of the German Copyright Act (UrhG). In deviation from these provisions the parties agree that any granting
of rights pursuant to this sec. 6 is fully remunerated by the fixed salary according to above Sec. 3 para (1).

 

(2)         Mr
Malmhagen shall assign to the Company the exclusive user or exploitation rights unlimited as to time, territory and content in
any and all work results Mr Malmhagen produces during the term of this contract during his working hours or – to the extent
they are related to his duties under the Service Agreement – also outside of his working hours, and which are eligible for
protection under copyright, industrial sign, utility model or trade mark law and/or any other intellectual property law.

 

(3)         The
assignment of the right to use and exploit shall also notably include the permission for processing and the issuance of licences
to third parties.

 

Sec. 8

Contractual Restrictions on Competition / Conflict of Interests /

Confidentiality

 

(1)         During
the term of this Service Agreement, Mr Malmhagen undertakes to refrain from competing with the Company or any companies affiliated
with the Company. In particular, he shall not take a participating interest in any company which is a competitor, customer or supplier
of the Company or a company affiliated with the Company or which maintains substantial business relationships with the Company,
transact business on behalf of such competitors, be it for his own account or for the account of third parties or provide any other
services to such competitors or business partners. Exempt from the foregoing shall be the acquisition of shares in publicly traded
companies, provided that such acquisitions do not give him a considerable influence over the actions of such company or cause a
financial conflict of interests.

 

Furthermore, Mr Malmhagen undertakes to
strictly comply with all insider trading regulations stipulated by law and/or by the Company, each as amended from time to time.

 

(2)         In
the interest of both parties, Mr Malmhagen shall disclose to the shareholder any conflicts of interests arising in connection with
the performance of his duties and responsibilities. The foregoing provision shall apply, in particular, if customers, suppliers
or any other business partners of the Company or enterprises affiliated with the Company are relatives, personal friends or close
business associates of Mr Malmhagen or stand in a close relationship with such relatives, personal friends or close business associates.
The duty of disclosure shall not be limited to cases in which a conflict of interests may have a specific effect on the performance
of Mr Malmhagen’s duties and responsibilities; rather, the mere appearance of a conflict of interests shall be sufficient
to give rise to such a duty.

 

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(3)         Mr
Malmhagen is obliged to treat as strictly confidential all confidential matters as well as trade and business secrets of the Company
and companies affiliated with the Company (e.g. methods, data, know-how, marketing plans, business plans, unpublished balance sheets,
budgets, licences, prices, costs and customers as well as suppliers) including the content of this Service Agreements unless Mr
Malmhagen is obliged by law or court order to disclose such information, of which he shall inform the Company in detail at the
same time. This confidentiality undertaking shall continue to apply after the termination of this Service Agreement.

 

(4)         In
cases of doubt, Mr Malmhagen is obliged to clarify the scope of the covenant not to compete with the shareholder or the scope of
the confidentiality undertaking with the entire Management Board, if necessary with the board of Tower International Inc.

 

(5)         Mr
Malmhagen shall continue to be bound by the obligations pursuant to this Sec. 8 including the contractual obligations not to solicit
or entice away any customers or employees in the event that either party has issued notice of termination and/or Mr Malmhagen is
revoked from his office as managing director or released from his duties to perform services for the Company.

 

Sec. 9

Non-solicitation and non-competition following termination

 

(1)         For a period of twelve (12) months
following termination of this Service Agreement, Mr Malmhagen shall not on his own or on any third party's behalf directly or indirectly
in any capacity whatsoever solicit the employment of or offer to or actually employ or engage, or procure or assist any third party
to offer to or actually employ, engage or solicit, for the purposes of a business in competition with the Company any person who
was employed on managerial level by the Company or any entity affiliated with the Company within the period of one (1) year prior
to the Termination Date or, in the event that Mr Malmhagen was released from his duties to perform work pursuant to Sec. 12 para
(3) below, within the period of one (1) year prior to the commencement of such release.

 

(2)         For
a period of twelve (12) months following the termination of this Service Agreement, Mr Malmhagen shall not on his own or on any
third party's behalf directly or indirectly in any capacity whatsoever solicit or interfere with or endeavour to entice away from
the Company or any entity affiliated with the Company in the European region (an European Affiliate) any client or
supplier that has been in business relationships with the Company or any European Affiliate during the last three years prior to
the date on which this Service Agreement terminates or, in the event that Mr Malmhagen Mr Malmhagen was released from his duties
to perform work pursuant to Sec. 12 para (3) below, during the last three years prior to the date of such release.

 

(3)         For
a period of twelve (12) months following the termination of this Service Agreement Mr Malmhagen shall not render any services to
any enterprise – be it as employee, managing director, consultant or in a similar function – or directly or indirectly
establish or participate in any enterprise which directly competes with the Company or any European Affiliate. Furthermore, Mr
Malmhagen shall not on a self-employed basis carry out any competing occupation. This non-competition obligation shall be restricted
to the territory of those European countries in which, at the time this Service Agreement terminates or, in the event that Mr Malmhagen
was released from his duties to perform work pursuant to Sec. 12 para (3) below, at the date of the commencement of such release,
the Company or any European Affiliate is doing business or has decided to do business. Unless provided otherwise in this Service
Agreement, Sec. 74 subseq. German Commercial Code (HGB) shall apply accordingly to this restrictive covenant with the limitation
that (i) the compensation according to Sec. 74 para 2 HGB is settled by the severance payment pursuant to Sec. 13 below and that
the rights of the managing director to release himself from the competition restrictions pursuant to Sec. 75 para 2 HGB are excluded.

 

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(4)         In
case of a violation of the of the covenants contained in this Sec. 9 Mr Malmhagen shall be obliged to pay a contractual penalty
of EUR 50,000 for each breach of these covenants. In the event of a continued breach of these covenants, the contractual penalty
shall amount to EUR 50,000 for each month in which Mr Malmhagen is in breach with the covenants.

 

Sec. 10

Incapacity to Work/Illness

 

(1)         In
the event of any incapacity to work Mr Malmhagen shall without undue delay inform his colleagues in the management board of the
Company or if no other managing directors are existent, the CEO and President of Tower International Inc, on the estimated duration
of his absence and any urgent businesses and/or affairs that need to be dealt with during his absence.

 

(2)         The
benefits in the event of illness or any other non-culpable incapacity to work shall be subject to the relevant plans as applicable
for the senior executives of the Company and as valid from time to time.

 

(3)         Mr
Malmhagen hereby assigns to the Company his claims for payment of damages resulting from the event which caused his incapacity
for work against such third party/parties that caused the damage to the extent to which the Company continues to pay remuneration
pursuant to the above provisions. Mr Malmhagen is obliged to provide the Company, without undue delay, with all the information
and documents required for the assertion of the claim for damages.

 

Sec. 11

Holiday Leave

 

(1)         Mr Malmhagen’s entitlement
to holiday leave are subject to the holiday and vacation schedule as valid for the executives of the Company who are located in
Bergisch-Gladbach.

 

(2)         As
regards the timing of such holiday leave, Mr Malmhagen shall liaise with the other members of the Management Board and coordinate
his time schedule with that of his colleagues or, if such other members do not exist, with the CEO and President of Tower International
Inc, taking into account both the interests of Mr Malmhagen and those of the Company. Holidays which have not been taken until
31 March of the following year shall be forfeited. In case this Service Agreement should commence or end during the term of a calendar
year holiday entitlements be granted on a pro rata basis

 

Sec. 12

Contractual Term, Termination

 

(1)         This
Service Agreement shall enter into effect as of August 1, 2012 or any earlier date mutually agreed between the Parties and shall
continue for a fixed term ending December 31st, 2013. The term of this Service Agreement shall be extended automatically
in one-year increments unless terminated by either party in writing no later than six months prior to the expiry of the respective
term.

 

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(2)         The
right of either party to terminate this Service Agreement for good cause (sec. 626 para. 1 German Civil Code) shall not be affected.

 

(3)         Mr
Malmhagen can be removed from his office as managing director at any time without a reason being required. Such revocation shall
qualify as notice of termination with effect as of the next possible point in time. Upon revocation of the appointment, or where
legitimate interests of the Company so require, the Company may release Mr Malmhagen from his obligation to perform his duties
under this Service Agreement.

 

(4)         From
the date Mr Malmhagen is released from his duties to perform work pursuant to Sec. 12 para (3) above, Mr Malmhagen shall only be
entitled to the fixed salary and the fringe benefits pursuant to Sec. 5 para (1) above,any bonus entitlement ceasing to accrue
on the commencement of such release. All other obligations set out in this Service Agreement, in particular these in Sec. 8, shall
remain in effect until the termination of the Service Agreement. In the event that the Company terminates this Service Agreement
for cause based on circumstances in the behaviour or the person of Mr. Malmhagen including but not limited to his negligence, no
bonus payment for the respective business year shall be owed in accordance with Sec. 3 above.

 

Sec. 13

Severance

 

(1)         In
the event that this Service Agreement is terminated or not extended (a) by the Company for other reasons than for (i) good cause
in the meaning of Sec. 626 German Civil Code based on circumstances in the behaviour or the person of Mr. Malmhagen including but
not limited to his negligence, (ii) permanent disability of Mr Malmhagen (which shall be deemed to have occurred after 6 consecutive
months of incapacity to perform services or 9 months of such incapacity in any calendar year) or (iii) Mr Malmhagen reaching the
age of 65, or (b) by Mr. Malmhagen for good cause in the meaning of Sec. 626 German Civil Code based on material breaches of the
Company’s contractual duties, Mr Malmhagen shall be entitled to a gross severance comprising (i) the payment of the fixed
salary pursuant to Sec. 3 para (1) for 12 months following the termination of this Service Agreement as well as (ii) the payment
of the cash value of the fringe benefits, in particular the Company car, pursuant to Sec. 5 para (1) above for 12 months following
the termination of this Service Agreement. For the avoidance of doubt, the severance shall in no event comprise the annual bonus
or an LTI pursuant to Sec. 5 para (2) and (3).

 

(2)         The
Company may decide at its sole discretion whether it will pay the net amount of the severance (after deduction of all taxes and
contributions) in the form of a one-off payment that falls due no later than 1 month following the termination of this Service
Agreement or in 12 equal monthly instalments.

 

(3)         The
severance shall also serve as compensation for Mr Malmhagen’s adherence to the post contractual covenants pursuant to Sec.
9 above.

 

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Sec. 14

Duties on Termination of the Service Agreement / Garden Leave

 

(1)         On
termination of this Service Agreement, Mr Malmhagen shall without prior request return to the Company's registered office all documents
and data in his possession concerning the Company or companies affiliated with the Company – in particular notes, memoranda,
records, drawing protocols, reports, files and any other documents (as well as copies or other reproductions thereof) – without
any retention rights. This obligation to return items also includes all objects owned by the Company or such objects the Company
provided to Mr Malmhagen for the performance of his work; in particular the company car, data processing equipment, as well as
data and program storage media on which applications of the Company or companies affiliated with the Company or data concerning
such companies, are stored. If so requested, Mr Malmhagens hall assure vis-à-vis the Company in writing that he has fulfilled
all obligations to return items as stipulated above and that he has made available to the Company for deletion all data and program
storage media of the above type owned by him.

 

(2)         The
obligations set out in para (1) shall apply accordingly in the event that Mr Malmhagen is released from his obligation to perform
his duties under this Services Agreement. In this event Mr Malmhagen shall comply with the obligations set out in para (1) immediately
after he has been notified of the release. This shall not apply to the Company Car which Mr Malmhagen may use until the termination
of this Service Agreement.

 

Sec. 15

Final Provisions

 

(1)         This
Agreement constitutes the entire understanding between the Company and Mr Malmhagen with respect to the subject matter hereof and
cancels and supersedes any and all previous agreements or understandings, whether written or oral, between the Company and Mr Malmhagen.

 

(2)         This
Service Agreement is subject to the laws of Germany and the exclusive jurisdiction of the courts of Germany.

 

(3)         This
Service Agreement shall be executed in a German as well as an English version. In the event of any discrepancies between the two
versions the English version shall prevail.

 

(4)         Any
changes or amendments to this Service Agreement shall be invalid unless executed in writing. This shall also apply to the cancellation
or amendment of the written form.

 

(5)         Should
one or several provisions of this Service Agreement be or become invalid or unenforceable in whole or in part, the validity of
the remaining provisions hereunder shall not be affected thereby. The invalid or unenforceable provision shall be replaced with
a valid provision which comes as close as possible to the intended economic result of the invalid provision. The same shall apply
to any gap in the Service Agreement.

 

***

 

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	Place / Ort Livonia, MI / USA	 	Place / Ort Bergisch Gladbach, Germany	 
	 	 	 	 
	Date / Datum January 18, 2012	 	Date / Datum February 3, 2012	 
	 	 	 	 
	/s/Mark M. Malcolm	 	/s/Pär O. H. Malmhagen	 
	 	 	 	 
	Mark M. Malcolm	 	Mr Pär O. H. Malmhagen	 
	 	 	 	 
	 	 	 	 
	Tower Automotive Holding GmbH
 represented by its sole shareholder, Tower Automotive Holdings Europe B.V. which is represented by its managing directors	 	 	 

 

    	Page/Seite 10 of/von 10REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is entered into as of the 1st day of August, 2012, by and among Hyde Park Acquisition
Corp. II, a Delaware corporation (the “Company”), and the undersigned parties listed under Investor on
the signature page hereto (each, an “Investor” and collectively, the “Investors”).

 

WHEREAS, the Investors currently hold all
of the outstanding shares of Common Stock of the Company issued prior to the consummation of the Company’s initial public
offering (the “Initial Shares”);

 

WHEREAS, certain of the Investors are privately
purchasing 693,750 shares of Common Stock simultaneously with the consummation of the Company’s initial public offering (the
“Sponsor’s Shares”);

 

WHEREAS, the Investors and the Company desire
to enter into this Agreement to provide the Investors with certain rights relating to the registration of the Initial Shares, the
Sponsor’s Shares and any Working Capital Shares (defined below);

 

NOW, THEREFORE, in consideration of the
mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows:

 

1.          DEFINITIONS.
The following capitalized terms used herein have the following meanings:

 

“Agreement” means
this Agreement, as amended, restated, supplemented, or otherwise modified from time to time.

 

“Business Combination”
means the acquisition of direct or indirect ownership through a merger, share exchange, asset acquisition, share purchase, recapitalization,
reorganization or other similar type of transaction, of one or more businesses or entities.

 

“Commission” means
the Securities and Exchange Commission, or any other Federal agency then administering the Securities Act or the Exchange Act.

 

“Common Stock”
means the common stock, par value $0.0001 per share, of the Company.

 

“Company” is defined
in the preamble to this Agreement.

 

“Demand Registration”
is defined in Section 2.1.1.

 

“Demanding Holder”
is defined in Section 2.1.1.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder,
all as the same shall be in effect at the time.

 

“Form S-3” is
defined in Section 2.3.

 

    	 

    	 

    

 

“Indemnified Party”
is defined in Section 4.3.

 

“Indemnifying Party”
is defined in Section 4.3.

 

“Initial Shares”
is defined in the preamble to this Agreement.

 

“Sponsor’s Shares”
is defined in the preamble to this Agreement.

 

“Investor” is
defined in the preamble to this Agreement.

 

“Investor Indemnified Party”
is defined in Section 4.1.

 

“Maximum Number of Shares”
is defined in Section 2.1.4.

 

“Notices” is defined
in Section 6.3.

 

“Piggy-Back Registration”
is defined in Section 2.2.1.

 

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

 

“Registrable Securities”
means (i) all of the Initial Shares, (ii) Sponsors’ Shares and (iii) any Working Capital Shares. Registrable Securities include
any warrants, shares of capital stock or other securities of the Company issued as a dividend or other distribution with respect
to or in exchange for or in replacement of such Initial Shares, Sponsor’s Shares and Working Capital Shares. As to any particular
Registrable Securities, such securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect
to the sale of such securities shall have become effective under the Securities Act and such securities shall have been sold, transferred,
disposed of or exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred,
new certificates for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent
public distribution of them shall not require registration under the Securities Act; (c) such securities shall have ceased to be
outstanding, or (d) the Registrable Securities are freely saleable under Rule 144 without volume limitations.

 

“Registration Statement”
means a registration statement filed by the Company with the Commission in compliance with the Securities Act and the rules and
regulations promulgated thereunder for a public offering and sale of equity securities, or securities or other obligations exercisable
or exchangeable for, or convertible into, equity securities (other than a registration statement on Form S-4 or Form S-8, or their
successors, or any registration statement covering only securities proposed to be issued in exchange for securities or assets of
another entity).

 

“Release Date”
means the date on which shares of Common Stock are disbursed from escrow pursuant to Section 3 of that certain Stock Escrow Agreement
dated as of August 1, 2012 by and among certain of the Investors and Continental Stock Transfer & Trust Company.

 

    	2

    	 

    

 

“Securities Act”
means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder, all as the
same shall be in effect at the time.

 

“Sponsors’ Shares”
is defined in the preamble to this Agreement.

 

“Underwriter”
means a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part of
such dealer’s market-making activities.

 

“Working Capital Shares”
means any shares held by Investors, officers or directors of the Company or their affiliates which may be issued in payment of
working capital loans made to the Company.

 

2.           REGISTRATION
RIGHTS.

 

2.1         Demand
Registration.

 

2.1.1  Request for Registration.
At any time and from time to time on or after (i) the date that the Company consummates a Business Combination, with respect to
the Sponsor’s Shares and Working Capital Shares or (ii) three months prior to the Release Date, with respect to all other
Registrable Securities, the holders of a majority-in-interest of such Sponsor’s Shares, Working Capital Shares or other Registrable
Securities, as the case may be, held by the Investors, officers or directors of the Company or their affiliates, or the transferees
of the Investors, may make a written demand for registration under the Securities Act of all or part of their Sponsor’s Shares,
Working Capital Shares or other Registrable Securities, as the case may be (a “Demand Registration”).
Any demand for a Demand Registration shall specify the number of shares of Registrable Securities proposed to be sold and the intended
method(s) of distribution thereof. The Company will notify all holders of Registrable Securities of the demand, and each holder
of Registrable Securities who wishes to include all or a portion of such holder’s Registrable Securities in the Demand Registration
(each such holder including shares of Registrable Securities in such registration, a “Demanding Holder”)
shall so notify the Company within fifteen (15) days after the receipt by the holder of the notice from the Company. Upon any such
request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration, subject
to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company shall not be obligated to effect more than an aggregate
of two (2) Demand Registrations under this Section 2.1.1 in respect of all Registrable Securities.

 

2.1.2   Effective
Registration. A registration will not count as a Demand Registration until the Registration Statement filed with the Commission
with respect to such Demand Registration has been declared effective and the Company has complied with all of its obligations under
this Agreement with respect thereto; provided, however, that if, after such Registration Statement has been declared effective,
the offering of Registrable Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of
the Commission or any other governmental agency or court, the Registration Statement with respect to such Demand Registration will
be deemed not to have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or otherwise
terminated, and (ii) a majority-in-interest of the Demanding Holders thereafter elect to continue the offering; provided, further,
that the Company shall not be obligated to file a second Registration Statement until a Registration Statement that has been filed
is counted as a Demand Registration or is terminated.

 

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2.1.3   Underwritten
Offering. If a majority-in-interest of the Demanding Holders so elect and such holders so advise the Company as part of their
written demand for a Demand Registration, the offering of such Registrable Securities pursuant to such Demand Registration shall
be in the form of an underwritten offering. In such event, the right of any holder to include its Registrable Securities in such
registration shall be conditioned upon such holder’s participation in such underwriting and the inclusion of such holder’s
Registrable Securities in the underwriting to the extent provided herein. All Demanding Holders proposing to distribute their Registrable
Securities through such underwriting shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters
selected for such underwriting by a majority-in-interest of the holders initiating the Demand Registration.

 

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

 

2.1.5  Withdrawal.
If a majority-in-interest of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to include all
of their Registrable Securities in any offering, such majority-in-interest of the Demanding Holders may elect to withdraw from
such offering by giving written notice to the Company and the Underwriter or Underwriters of their request to withdraw prior to
the effectiveness of the Registration Statement filed with the Commission with respect to such Demand Registration. If the majority-in-interest
of the Demanding Holders withdraws from a proposed offering relating to a Demand Registration, then such registration shall not
count as a Demand Registration provided for in Section 2.1.

 

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2.2         Piggy-Back
Registration.

 

2.2.1   Piggy-Back
Rights. If at any time on or after the date the Company consummates a Business Combination the Company proposes to file a Registration
Statement under the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable
or exchangeable for, or convertible into, equity securities, by the Company for its own account or for shareholders of the Company
for their account (or by the Company and by shareholders of the Company including, without limitation, pursuant to Section 2.1),
other than a Registration Statement (i) filed in connection with any employee stock option or other benefit plan, (ii) for an exchange
offer or offering of securities solely to the Company’s existing shareholders, (iii) for an offering of debt that is convertible
into equity securities of the Company or (iv) for a dividend reinvestment plan, then the Company shall (x) give written notice
of such proposed filing to the holders of Registrable Securities as soon as practicable but in no event less than ten (10) days
before the anticipated filing date, which notice shall describe the amount and type of securities to be included in such offering,
the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, of the offering,
and (y) offer to the holders of Registrable Securities in such notice the opportunity to register the sale of such number of shares
of Registrable Securities as such holders may request in writing within five (5) days following receipt of such notice (a “Piggy-Back
Registration”). The Company shall cause such Registrable Securities to be included in such registration and shall
use its best efforts to cause the managing Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable
Securities requested to be included in a Piggy-Back Registration on the same terms and conditions as any similar securities of
the Company and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s)
of distribution thereof. All holders of Registrable Securities proposing to distribute their securities through a Piggy-Back Registration
that involves an Underwriter or Underwriters shall enter into an underwriting agreement in customary form with the Underwriter
or Underwriters selected for such Piggy-Back Registration.

 

2.2.2   Reduction
of Offering. If the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten offering
advises the Company and the holders of Registrable Securities in writing that the dollar amount or number of shares of Common Stock
which the Company desires to sell, taken together with shares of Common Stock, if any, as to which registration has been demanded
pursuant to written contractual arrangements with persons other than the holders of Registrable Securities hereunder, the Registrable
Securities as to which registration has been requested under this Section 2.2, and the shares of Common Stock, if any, as to which
registration has been requested pursuant to the written contractual piggy-back registration rights of other shareholders of the
Company, exceeds the Maximum Number of Shares, then the Company shall include in any such registration:

 

a)       If
the registration is undertaken for the Company’s account: (A) first, the shares of Common Stock or other securities that
the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the
Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities, if
any, comprised of Registrable Securities, as to which registration has been requested pursuant to the terms hereof, that can be
sold without exceeding the Maximum Number of Shares, Pro Rata; and (C) third, to the extent that the Maximum Number of shares has
not been reached under the foregoing clauses (A) and (B), the shares of Common Stock or other securities for the account of other
persons that the Company is obligated to register pursuant to written contractual piggy-back registration rights with such persons
and that can be sold without exceeding the Maximum Number of Shares; 

 

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b)       If the registration is a
“demand” registration undertaken at the demand of persons other than either the holders of Registrable Securities,
(A) first, the shares of Common Stock or other securities for the account of the demanding persons that can be sold without exceeding
the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clause (A), the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding
the Maximum Number of Shares; (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clauses (A) and (B), the shares of Common Stock or other securities, if any, comprised of Registrable Securities, as to which registration
has been requested pursuant to the terms hereof, that can be sold without exceeding the Maximum Number of Shares, Pro Rata; and
(D) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B) and (C),
the shares of Common Stock or other securities for the account of other persons that the Company is obligated to register pursuant
to written contractual arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares.

 

2.2.3    Withdrawal.
Any holder of Registrable Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities
in any Piggy-Back Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of
the Registration Statement. The Company (whether on its own determination or as the result of a withdrawal by persons making a
demand pursuant to written contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness
of such Registration Statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders
of Registrable Securities in connection with such Piggy-Back Registration as provided in Section 3.3.

 

2.2.4    Registrations
on Form S-3. The holders of Registrable Securities may at any time and from time to time, request in writing that the Company
register the resale of any or all of such Registrable Securities on Form S-3 or any similar short-form registration which may be
available at such time (“Form S-3”); provided, however, that the Company shall not be obligated to effect
such request through an underwritten offering. Upon receipt of such written request, the Company will promptly give written notice
of the proposed registration to all other holders of Registrable Securities, and, as soon as practicable thereafter, effect the
registration of all or such portion of such holder’s or holders’ Registrable Securities as are specified in such request,
together with all or such portion of the Registrable Securities or other securities of the Company, if any, of any other holder
or holders joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written
notice from the Company; provided, however, that the Company shall not be obligated to effect any such registration pursuant to
this Section 2.3: (i) if Form S-3 is not available for such offering; or (ii) if the holders of the Registrable Securities, together
with the holders of any other securities of the Company entitled to inclusion in such registration, propose to sell Registrable
Securities and such other securities (if any) at any aggregate price to the public of less than $500,000. Registrations effected
pursuant to this Section 2.3 shall not be counted as Demand Registrations effected pursuant to Section 2.1.

 

    	6

    	 

    

 

3.        
  REGISTRATION PROCEDURES.

 

3.1         Filings;
Information. Whenever the Company is required to effect the registration of any Registrable Securities pursuant to Section
2, the Company shall use its best efforts to effect the registration and sale of such Registrable Securities in accordance with
the intended method(s) of distribution thereof as expeditiously as practicable, and in connection with any such request:

 

3.1.1   Filing
Registration Statement. The Company shall use its best efforts to, as expeditiously as possible after receipt of a request
for a Demand Registration pursuant to Section 2.1, prepare and file with the Commission a Registration Statement on any form for
which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for
the sale of all Registrable Securities to be registered thereunder in accordance with the intended method(s) of distribution thereof,
and shall use its best efforts to cause such Registration Statement to become effective and use its best efforts to keep it effective
for the period required by Section 3.1.3; provided, however, that the Company shall have the right to defer any Demand Registration
for up to thirty (30) days, and any Piggy-Back Registration for such period as may be applicable to deferment of any demand registration
to which such Piggy-Back Registration relates, in each case if the Company shall furnish to the holders a certificate signed by
the President or Chairman of the Company stating that, in the good faith judgment of the Board of Directors of the Company, it
would be materially detrimental to the Company and its shareholders for such Registration Statement to be effected at such time;
provided further, however, that the Company shall not have the right to exercise the right set forth in the immediately preceding
proviso more than once in any 365-day period in respect of a Demand Registration hereunder.

 

3.1.2   Copies.
The Company shall, prior to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish without
charge to the holders of Registrable Securities included in such registration, and such holders’ legal counsel, copies of
such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case
including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such Registration Statement
(including each preliminary prospectus), and such other documents as the holders of Registrable Securities included in such registration
or legal counsel for any such holders may request in order to facilitate the disposition of the Registrable Securities owned by
such holders.

 

3.1.3    Amendments
and Supplements. The Company shall prepare and file with the Commission such amendments, including post-effective amendments,
and supplements to such Registration Statement and the prospectus used in connection therewith as may be necessary to keep such
Registration Statement effective and in compliance with the provisions of the Securities Act until all Registrable Securities and
other securities covered by such Registration Statement have been disposed of in accordance with the intended method(s) of distribution
set forth in such Registration Statement or such securities have been withdrawn.

 

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3.1.4   Notification.
After the filing of a Registration Statement, the Company shall promptly, and in no event more than two (2) business days after
such filing, notify the holders of Registrable Securities included in such Registration Statement of such filing, and shall further
notify such holders promptly and confirm such advice in writing in all events within two (2) business days of the occurrence of
any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective amendment to such Registration
Statement becomes effective; (iii) the issuance or threatened issuance by the Commission of any stop order (and the Company shall
take all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request by the Commission
for any amendment or supplement to such Registration Statement or any prospectus relating thereto or for additional information
or of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter
delivered to the purchasers of the securities covered by such Registration Statement, such prospectus will not contain an untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements
therein not misleading, and promptly make available to the holders of Registrable Securities included in such Registration Statement
any such supplement or amendment; except that before filing with the Commission a Registration Statement or prospectus or any amendment
or supplement thereto, including documents incorporated by reference, the Company shall furnish to the holders of Registrable Securities
included in such Registration Statement and to the legal counsel for any such holders, copies of all such documents proposed to
be filed sufficiently in advance of filing to provide such holders and legal counsel with a reasonable opportunity to review such
documents and comment thereon, and the Company shall not file any Registration Statement or prospectus or amendment or supplement
thereto, including documents incorporated by reference, to which such holders or their legal counsel shall object.

 

3.1.5   State
Securities Laws Compliance. The Company shall use its best efforts to (i) register or qualify the Registrable Securities covered
by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United States as
the holders of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution)
may request and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be
registered with or approved by such other governmental authorities as may be necessary by virtue of the business and operations
of the Company and do any and all other acts and things that may be necessary or advisable to enable the holders of Registrable
Securities included in such Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions;
provided, however, that the Company shall not be required to qualify generally to do business in any jurisdiction where it would
not otherwise be required to qualify but for this paragraph or subject itself to taxation in any such jurisdiction.

 

3.1.6   Agreements
for Disposition. The Company shall enter into customary agreements (including, if applicable, an underwriting agreement in
customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such
Registrable Securities. The representations, warranties and covenants of the Company in any underwriting agreement which are made
to or for the benefit of any Underwriters, to the extent applicable, shall also be made to and for the benefit of the holders of
Registrable Securities included in such registration statement. No holder of Registrable Securities included in such registration
statement shall be required to make any representations or warranties in the underwriting agreement except, if applicable, with
respect to such holder’s organization, good standing, authority, title to Registrable Securities, lack of conflict of such
sale with such holder’s material agreements and organizational documents, and with respect to written information relating
to such holder that such holder has furnished in writing expressly for inclusion in such Registration Statement.

 

    	8

    	 

    

 

3.1.7    Cooperation.
The principal executive officer of the Company, the principal financial officer of the Company, the principal accounting officer
of the Company and all other officers and members of the management of the Company shall cooperate fully in any offering of Registrable
Securities hereunder, which cooperation shall include, without limitation, the preparation of the Registration Statement with respect
to such offering and all other offering materials and related documents, and participation in meetings with Underwriters, attorneys,
accountants and potential investors.

 

3.1.8    Records.
The Company shall make available for inspection by the holders of Registrable Securities included in such Registration Statement,
any Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other
professional retained by any holder of Registrable Securities included in such Registration Statement or any Underwriter, all financial
and other records, pertinent corporate documents and properties of the Company, as shall be necessary to enable them to exercise
their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information requested
by any of them in connection with such Registration Statement.

 

3.1.9    Opinions
and Comfort Letters. The Company shall furnish to each holder of Registrable Securities included in any Registration Statement
a signed counterpart, addressed to such holder, of (i) any opinion of counsel to the Company delivered to any Underwriter and (ii)
any comfort letter from the Company’s independent public accountants delivered to any Underwriter. In the event no legal
opinion is delivered to any Underwriter, the Company shall furnish to each holder of Registrable Securities included in such Registration
Statement, at any time that such holder elects to use a prospectus, an opinion of counsel to the Company to the effect that the
Registration Statement containing such prospectus has been declared effective and that no stop order is in effect.

 

3.1.10   Earnings
Statement. The Company shall comply with all applicable rules and regulations of the Commission and the Securities Act, and
make available to its shareholders, as soon as practicable, an earnings statement covering a period of twelve (12) months, which
earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder.

 

3.1.11   Listing.
The Company shall use its best efforts to cause all Registrable Securities included in any registration to be listed on such exchanges
or otherwise designated for trading in the same manner as similar securities issued by the Company are then listed or designated
or, if no such similar securities are then listed or designated, in a manner satisfactory to the holders of a majority of the Registrable
Securities included in such registration.

 

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3.2         Obligation
to Suspend Distribution. Upon receipt of any notice from the Company of the happening of any event of the kind described in
Section 3.1.4(iv), or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by
the Company, pursuant to a written insider trading compliance program adopted by the Company’s Board of Directors, of the
ability of all “insiders” covered by such program to transact in the Company’s securities because of the existence
of material non-public information, each holder of Registrable Securities included in any registration shall immediately discontinue
disposition of such Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until such
holder receives the supplemented or amended prospectus contemplated by Section 3.1.4(iv) or the restriction on the ability of “insiders”
to transact in the Company’s securities is removed, as applicable, and, if so directed by the Company, each such holder will
deliver to the Company all copies, other than permanent file copies then in such holder’s possession, of the most recent
prospectus covering such Registrable Securities at the time of receipt of such notice.

 

3.3         Registration
Expenses. The Company shall bear all costs and expenses incurred in connection with any Demand Registration pursuant to Section
2.1, any Piggy-Back Registration pursuant to Section 2.2, and any registration on Form S-3 effected pursuant to Section 2.3, and
all expenses incurred in performing or complying with its other obligations under this Agreement, whether or not the Registration
Statement becomes effective, including, without limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance
with securities or “blue sky” laws (including fees and disbursements of counsel in connection with blue sky qualifications
of the Registrable Securities); (iii) printing expenses; (iv) the Company’s internal expenses (including, without limitation,
all salaries and expenses of its officers and employees); (v) the fees and expenses incurred in connection with the listing of
the Registrable Securities as required by Section 3.1.11; (vi) Financial Industry Regulatory Authority fees; (vii) fees and disbursements
of counsel for the Company and fees and expenses for independent certified public accountants retained by the Company (including
the expenses or costs associated with the delivery of any opinions or comfort letters requested pursuant to Section 3.1.9); (viii)
the fees and expenses of any special experts retained by the Company in connection with such registration and (ix) the fees and
expenses of one legal counsel selected by the holders of a majority-in-interest of the Registrable Securities included in such
registration. The Company shall have no obligation to pay any underwriting discounts or selling commissions attributable to the
Registrable Securities being sold by the holders thereof, which underwriting discounts or selling commissions shall be borne by
such holders. Additionally, in an underwritten offering, all selling shareholders and the Company shall bear the expenses of the
Underwriter pro rata in proportion to the respective amount of shares each is selling in such offering.

 

3.4         Information.
The holders of Registrable Securities shall provide such information as may reasonably be requested by the Company, or the managing
Underwriter, if any, in connection with the preparation of any Registration Statement, including amendments and supplements thereto,
in order to effect the registration of any Registrable Securities under the Securities Act pursuant to Section 2 and in connection
with the Company’s obligation to comply with Federal and applicable state securities laws.

 

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4.          INDEMNIFICATION
AND CONTRIBUTION.

 

4.1         Indemnification
by the Company. The Company agrees to indemnify and hold harmless each Investor and each other holder of Registrable Securities,
and each of their respective officers, employees, affiliates, directors, partners, members, attorneys and agents, and each person,
if any, who controls an Investor and each other holder of Registrable Securities (within the meaning of Section 15 of the Securities
Act or Section 20 of the Exchange Act) (each, an “Investor Indemnified Party”), from and against any
expenses, losses, judgments, claims, damages or liabilities, whether joint or several, arising out of or based upon any untrue
statement (or allegedly untrue statement) of a material fact contained in any Registration Statement under which the sale of such
Registrable Securities was registered under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus
contained in the Registration Statement, or any amendment or supplement to such Registration Statement, or arising out of or based
upon any omission (or alleged omission) to state a material fact required to be stated therein or necessary to make the statements
therein not misleading, or any violation by the Company of the Securities Act or any rule or regulation promulgated thereunder
applicable to the Company and relating to action or inaction required of the Company in connection with any such registration;
and the Company shall promptly reimburse the Investor Indemnified Party for any legal and any other expenses reasonably incurred
by such Investor Indemnified Party in connection with investigating and defending any such expense, loss, judgment, claim, damage,
liability or action; provided, however, that the Company will not be liable in any such case to the extent that any such expense,
loss, claim, damage or liability arises out of or is based upon any untrue statement or allegedly untrue statement or omission
or alleged omission made in such Registration Statement, preliminary prospectus, final prospectus, or summary prospectus, or any
such amendment or supplement, in reliance upon and in conformity with information furnished to the Company, in writing, by such
selling holder expressly for use therein. The Company also shall indemnify any Underwriter of the Registrable Securities, their
officers, affiliates, directors, partners, members and agents and each person who controls such Underwriter on substantially the
same basis as that of the indemnification provided above in this Section 4.1.

 

4.2         Indemnification
by Holders of Registrable Securities. Each selling holder of Registrable Securities will, in the event that any registration
is being effected under the Securities Act pursuant to this Agreement of any Registrable Securities held by such selling holder,
indemnify and hold harmless the Company, each of its directors and officers and each Underwriter (if any), and each other selling
holder and each other person, if any, who controls another selling holder or such Underwriter within the meaning of the Securities
Act, against any losses, claims, judgments, damages or liabilities, whether joint or several, insofar as such losses, claims, judgments,
damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or allegedly untrue
statement of a material fact contained in any Registration Statement under which the sale of such Registrable Securities was registered
under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained in the Registration Statement,
or any amendment or supplement to the Registration Statement, or arise out of or are based upon any omission or the alleged omission
to state a material fact required to be stated therein or necessary to make the statement therein not misleading, if the statement
or omission was made in reliance upon and in conformity with information furnished in writing to the Company by such selling holder
expressly for use therein, and shall reimburse the Company, its directors and officers, and each other selling holder or controlling
person for any legal or other expenses reasonably incurred by any of them in connection with investigation or defending any such
loss, claim, damage, liability or action. Each selling holder’s indemnification obligations hereunder shall be several and
not joint and shall be limited to the amount of any net proceeds actually received by such selling holder.

 

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4.3         Conduct
of Indemnification Proceedings. Promptly after receipt by any person of any notice of any loss, claim, damage or liability
or any action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such person (the “Indemnified Party”)
shall, if a claim in respect thereof is to be made against any other person for indemnification hereunder, notify such other person
(the “Indemnifying Party”) in writing of the loss, claim, judgment, damage, liability or action; provided,
however, that the failure by the Indemnified Party to notify the Indemnifying Party shall not relieve the Indemnifying Party from
any liability which the Indemnifying Party may have to such Indemnified Party hereunder, except and solely to the extent the Indemnifying
Party is actually prejudiced by such failure. If the Indemnified Party is seeking indemnification with respect to any claim or
action brought against the Indemnified Party, then the Indemnifying Party shall be entitled to participate in such claim or action,
and, to the extent that it wishes, jointly with all other Indemnifying Parties, to assume control of the defense thereof with counsel
satisfactory to the Indemnified Party. After notice from the Indemnifying Party to the Indemnified Party of its election to assume
control of the defense of such claim or action, the Indemnifying Party shall not be liable to the Indemnified Party for any legal
or other expenses subsequently incurred by the Indemnified Party in connection with the defense thereof other than reasonable costs
of investigation; provided, however, that in any action in which both the Indemnified Party and the Indemnifying Party are named
as defendants, the Indemnified Party shall have the right to employ separate counsel (but no more than one such separate counsel)
to represent the Indemnified Party and its controlling persons who may be subject to liability arising out of any claim in respect
of which indemnity may be sought by the Indemnified Party against the Indemnifying Party, with the fees and expenses of such counsel
to be paid by such Indemnifying Party if, based upon the written opinion of counsel of such Indemnified Party, representation of
both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. No Indemnifying
Party shall, without the prior written consent of the Indemnified Party, consent to entry of judgment or effect any settlement
of any claim or pending or threatened proceeding in respect of which the Indemnified Party is or could have been a party and indemnity
could have been sought hereunder by such Indemnified Party, unless such judgment or settlement includes an unconditional release
of such Indemnified Party from all liability arising out of such claim or proceeding.

 

4.4         Contribution.

 

4.4.1   If
the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect
of any loss, claim, damage, liability or action referred to herein, then each such Indemnifying Party, in lieu of indemnifying
such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such loss, claim,
damage, liability or action in such proportion as is appropriate to reflect the relative fault of the Indemnified Parties and the
Indemnifying Parties in connection with the actions or omissions which resulted in such loss, claim, damage, liability or action,
as well as any other relevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying Party
shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by such Indemnified Party or such Indemnifying
Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement
or omission.

 

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4.4.2     The
parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.4 were determined by pro
rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in
the immediately preceding Section 4.4.1.

 

4.4.3      The
amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred
by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions
of this Section 4.4, no holder of Registrable Securities shall be required to contribute any amount in excess of the dollar amount
of the net proceeds (after payment of any underwriting fees, discounts, commissions or taxes) actually received by such holder
from the sale of Registrable Securities which gave rise to such contribution obligation. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty
of such fraudulent misrepresentation.

 

5.          UNDERWRITING
AND DISTRIBUTION.

 

5.1         Rule
144. The Company covenants that it shall file any reports required to be filed by it under the Securities Act and the Exchange
Act and shall take such further action as the holders of Registrable Securities may reasonably request, all to the extent required
from time to time to enable such holders to sell Registrable Securities without registration under the Securities Act within the
limitation of the exemptions provided by Rule 144 under the Securities Act, as such Rules may be amended from time to time, or
any similar rule or regulation hereafter adopted by the Commission.

 

6.          MISCELLANEOUS.

 

6.1         Other
Registration Rights. The Company represents and warrants that no person, other than a holder of the Registrable Securities,
has any right to require the Company to register any shares of the Company’s capital stock for sale or to include shares
of the Company’s capital stock in any registration filed by the Company for the sale of shares of capital stock for its own
account or for the account of any other person.

 

6.2         Assignment;
No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned
or delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of the holders of Registrable
Securities hereunder may be freely assigned or delegated by such holder of Registrable Securities in conjunction with and to the
extent of any transfer of Registrable Securities by any such holder. This Agreement and the provisions hereof shall be binding
upon and shall inure to the benefit of each of the parties, to the permitted assigns of the Investors or holder of Registrable
Securities or of any assignee of the Investors or holder of Registrable Securities. This Agreement is not intended to confer any
rights or benefits on any persons that are not party hereto other than as expressly set forth in Article 4 and this Section 6.2.

 

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6.3         Notices.
All notices, demands, requests, consents, approvals or other communications (collectively, “Notices”)
required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall be
personally served, delivered by reputable air courier service with charges prepaid, or transmitted by hand delivery, telegram,
telex or facsimile, addressed as set forth below, or to such other address as such party shall have specified most recently by
written notice. Notice shall be deemed given on the date of service or transmission if personally served or transmitted by telegram,
telex or facsimile; provided, that if such service or transmission is not on a business day or is after normal business hours,
then such notice shall be deemed given on the next business day. Notice otherwise sent as provided herein shall be deemed given
on the next business day following timely delivery of such notice to a reputable air courier service with an order for next-day
delivery.

 

To the Company:

 

Hyde Park Acquisition Corp. II

500 Fifth Avenue, 50th Floor

New York, NY 10110

Attn: Chief Executive Officer

 

with a copy to:

 

Graubard Miller

The Chrysler Building

405 Lexington Avenue

New York, NY 10174

Attn:David Alan Miller, Esq.

 

To an Investor, to the address set forth below such
Investor’s name on Exhibit A hereto.

 

6.4         Severability.
This 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 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 Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible that is valid and enforceable.

 

6.5         Counterparts.
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which taken together
shall constitute one and the same instrument.

 

6.6         Entire
Agreement. This Agreement (including all agreements entered into pursuant hereto and all certificates and instruments delivered
pursuant hereto and thereto) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede
all prior and contemporaneous agreements, representations, understandings, negotiations and discussions between the parties, whether
oral or written.

 

6.7         Modifications
and Amendments. No amendment, modification or termination of this Agreement shall be binding upon any party unless executed
in writing by such party.

 

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6.8         Titles
and Headings. Titles and headings of sections of this Agreement are for convenience only and shall not affect the construction
of any provision of this Agreement.

 

6.9         Waivers
and Extensions. Any party to this Agreement may waive any right, breach or default which such party has the right to waive,
provided that such waiver will not be effective against the waiving party unless it is in writing, is signed by such party, and
specifically refers to this Agreement. Waivers may be made in advance or after the right waived has arisen or the breach or default
waived has occurred. Any waiver may be conditional. No waiver of any breach of any agreement or provision herein contained shall
be deemed a waiver of any preceding or succeeding breach thereof nor of any other agreement or provision herein contained. No waiver
or extension of time for performance of any obligations or acts shall be deemed a waiver or extension of the time for performance
of any other obligations or acts.

 

6.10       Remedies
Cumulative. In the event that the Company fails to observe or perform any covenant or agreement to be observed or performed
under this Agreement, the Investor or any other holder of Registrable Securities may proceed to protect and enforce its rights
by suit in equity or action at law, whether for specific performance of any term contained in this Agreement or for an injunction
against the breach of any such term or in aid of the exercise of any power granted in this Agreement or to enforce any other legal
or equitable right, or to take any one or more of such actions, without being required to post a bond. None of the rights, powers
or remedies conferred under this Agreement shall be mutually exclusive, and each such right, power or remedy shall be cumulative
and in addition to any other right, power or remedy, whether conferred by this Agreement or now or hereafter available at law,
in equity, by statute or otherwise.

 

6.11       Governing
Law. This Agreement shall be governed by, interpreted under, and construed in accordance with the internal laws of the State
of New York applicable to agreements made and to be performed within the State of New York, without giving effect to any choice-of-law
provisions thereof that would compel the application of the substantive laws of any other jurisdiction.

 

6.12       Waiver
of Trial by Jury. Each party hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit,
counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this
Agreement, the transactions contemplated hereby, or the actions of the Investor in the negotiation, administration, performance
or enforcement hereof.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the parties have caused
this Registration Rights Agreement to be executed and delivered by their duly authorized representatives as of the date first written
above.

 

	 	COMPANY:	 
	 	 	 
	 	HYDE PARK ACQUISITION CORP. II	 
	 	 	 
	By:	/s/ Laurence S. Levy	 
	 	Name: Laurence S. Levy	 
	 	Title: Chief Executive Officer	 
	 	 	 
	 	INITIAL STOCKHOLDERS:	 
	 	 	 
	 	/s/ Laurence S. Levy	 
	 	Laurence S. Levy, individually and as 

trustee of The Springbok Irrevocable Trust	 
	 	 	 
	 	/s/ Edward Levy	 
	 	Edward Levy	 
	 	 	 
	 	KNOTT PARTNERS, LP	 
	 	 	 
	By:	/s/ David M. Knott	 
	 	Name: David M. Knott	 
	 	Title: Investment Advisor	 
	 	 	 
	 	KNOTT PARTNERS OFFSHORE MASTER FUND, L.P.	 
	 	 	 
	By:	/s/ David M. Knott	 
	 	Name: David M. Knott	 
	 	Title: Investment Advisor	 
	 	 	 
	 	SHOSHONE PARTNERS, L.P.	 
	 	 	 
	By:	/s/ David M. Knott	 
	 	Name: David M. Knott	 
	 	Title: Investment Advisor	 
	 	 	 
	 	/s/ David M. Knott	 
	 	David M. Knott	 
	 	 	 
	 	/s/ Matthew Campbell	 
	 	Matthew Campbell	 

 

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	 	/s/ Greg Rice	 
	 	Greg Rice	 
	 	 	 
	 	/s/ Walter McLallen	 
	 	Walter McLallen	 
	 	 	 
	 	NMJ TRUST II	 
	 	 	 
	By:	/s/ Jane Levy	 
	 	Name: Jane Levy	 
	 	Title: Trustee	 
	 	 	 
	 	/s/ Steve Tananbaum	 
	 	Steve Tananbaum	 
	 	 	 
	 	Calm Waters Partnership	 
	 	 	 
	By:	/s/	 
	 	Name: Richard S. Strong	 
	 	Title: Managing Partner	 
	 	 	 
	 	/s/ Shelley Bergman	 
	 	Shelley Bergman	 
	 	 	 
	 	/s/ Richard Shuster	 
	 	Richard Shuster	 
	 	 	 
	 	/s/ Gregory Weiss	 
	 	Gregory Weiss	 
	 	 	 
	 	1837 Partners LP	 
	 	 	 
	By:	/s/ Frances Tuite	 
	 	 Name: Frances Tuite	 
	 	 Title: Portfolio Manager	 
	 	 	 
	 	1837 Partners QP, LP	 
	 	 	 
	By:	/s/ Frances Tuite	 
	 	Name: Frances Tuite	 
	 	Title: Portfolio Manager	 
	 	 	 
	 	1837 Partners Ltd.	 
	 	 	 
	By:	/s/ Frances Tuite	 
	 	Name: Frances Tuite	 
	 	Title: Portfolio Manager	 

 

    	17

    	 

    

 

	 	Barkley J. Stuart Revocable Trust
	 	 
	By:	/s/ Barkley J. Stuart
	 	Name: Barkley J. Stuart	 
	 	Title: Trustee
	 	 
	 	Diamond Jack Irrevocable Trust
	 	 
	By:	/s/ Barkley J. Stuart
	 	Name: Barkley J. Stuart
	 	Title: Trustee
	 	 
	 	/s/ Nicola Ziman
	 	Nicola Ziman 
	 	 
	 	/s/ James Greenberg
	 	James Greenberg
	 	 
	 	/s/ Richard Klapow
	 	Richard Klapow
	 	 
	 	/s/ Jason Grant
	 	Jason Grant 
	 	 
	 	/s/ Mark Dalton
	 	Mark Dalton

 

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