Document:

cytk-ex105_87.htm

Exhibit 10.5

THIRD AMENDMENT TO
LOAN AND SECURITY AGREEMENT

THIS THIRD AMENDMENT to Loan and Security Agreement (this “Amendment”) is entered into as of July 16, 2020, by and between OXFORD FINANCE LLC, a Delaware limited liability company with an office located at 133 North Fairfax Street, Alexandria, Virginia 22314 (“Oxford”), as collateral agent (in such capacity, “Collateral Agent”), the Lenders listed on Schedule 1.1 of the Loan Agreement (as defined below) or otherwise party thereto from time to time (each a “Lender” and collectively, the “Lenders”) including Oxford in its capacity as a Lender and SILICON VALLEY BANK, a California corporation with an office located at 3003 Tasman Drive, Santa Clara, CA 95054 (“Bank” or “SVB”) (each a “Lender” and collectively, the “Lenders”), and CYTOKINETICS, INCORPORATED, a Delaware corporation with offices located at 280 East Grand Avenue, South San Francisco, CA 94080 (“Borrower”).

Recitals

A.Collateral Agent, Lenders and Borrower have entered into that certain Loan and Security Agreement dated as of May 17, 2019 (as amended by that certain First Amendment to Loan and Security Agreement, dated as of November 6, 2019, as further amended by that certain Second Amendment to Loan and Security Agreement, dated as of November 7, 2019, and as may be further amended from time to time, the “Loan Agreement”).

B.Lenders have extended credit to Borrower for the purposes permitted in the Loan Agreement.  

C.Borrower has requested that Collateral Agent and Lenders (i) modify Section 7.1 to permit Borrower to Transfer the Mavacamten Royalty (as defined below) and the Acquired Intangibles (as defined in the RTW Funding Agreement) (as defined below) and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein.

D.Collateral Agent and Lenders have agreed to amend certain provisions of the Loan Agreement, but only to the extent, and subject to the terms and conditions and in reliance upon the representations and warranties, set forth below.

Agreement

Now, Therefore, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

1.Definitions.  Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement.

 

 

2.Amendments to Loan Agreement.  

2.1Section 7.1 (Dispositions). Section 7.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

“7.1Dispositions. Convey, sell, lease, transfer, assign, or otherwise dispose of (collectively, “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for Transfers (a) of Inventory in the ordinary course of business; (b) of worn out, obsolete or surplus Equipment; (c) in connection with Permitted Liens, Permitted Investments and Permitted Licenses; (d) from any Subsidiary of Borrower to Borrower or between Loan Parties; (e) consisting of payments of taxes; (f) of cash and Cash Equivalents (i) in connection with transactions not prohibited hereunder, in the ordinary course of business and (ii) in connection with transactions that (A) are approved by Borrower’s board of directors (to the extent Board approval is required by Borrower’s policies or other organizational documents), (B) are customary for the Borrower’s industry and (C) not otherwise prohibited hereunder; (g) of the Mavacamten Royalty pursuant to the terms of the RTW Royalty Purchase Agreement; (h) on the First Tranche Funding Date (as defined in the RTW Funding Agreement), the Acquired Intangibles (as defined in the RTW Funding Agreement) pursuant to the terms of the RTW Funding Agreement, and (i) other Transfers of property having a book value not exceeding Five Hundred Thousand Dollars ($500,000.00) in the aggregate during any fiscal year. Notwithstanding the foregoing, and for the avoidance of doubt, this Section 7.1 shall not prohibit the purchase of, and any unwind or settlement or other termination of any Permitted Call Spread Agreement.”

2.2Section 7.14. New Section 7.14 is hereby added to the Loan Agreement to read as follows:

“7.14RTW Royalty Purchase Agreement. Amend or waive any terms of the RTW Royalty Purchase Agreement unless (a) Borrower provides the Collateral Agent and Lenders with not less than five (5) Business Days’ written notice (or such shorter period as consented to by the Collateral Agent and the Lenders) and (b) the Collateral Agent and the Lenders provide their prior written consent if the amendment or waiver (i) is adverse to the Collateral Agent and the Lenders in any material respect, (ii) impairs the rights of the Collateral Agent and the Lenders under this Agreement in any material respect, or (iii) would otherwise result in an Event of Default under this Agreement.”

2.3Section 7.15. New Section 7.15 is hereby added to the Loan Agreement to read as follows:

“7.15RTW Funding Agreement. (a) issue a Funding Request (as defined in the RTW Funding Agreement) to RTW pursuant to the RTW Funding Agreement unless (i) Borrower provides the Collateral Agent and Lenders with not less than five (5) Business Days’ written notice (or such short period as consented to by the Collateral Agent and Lenders), and (ii) an Event of Default has not occurred and is continuing, (b) amend or waive any terms of the RTW Funding Agreement or the RTW Security Agreement, unless, in either case, (i) Borrower provides the Collateral Agent and Lenders with not less than five (5) Business Days’ written notice (or such shorter period as consented to by the Collateral Agent and the Lenders) and (ii) the Collateral Agent and the Lenders provide their prior written consent if the amendment or waiver (A) is adverse to the Collateral Agent and the Lenders in any material respect, (B) impairs the rights of the Collateral Agent and the Lenders under this Agreement in any material respect, or (C) would otherwise result in an Event of Default under this Agreement, or (c) at all times after a Funding Request is issued, permit the proceeds of CK-274 Collateral to be comingled in a Collateral Account with other Collateral.”

 

 

 

2.4Section 13.1 (Definitions).  The following terms and their respective definitions hereby are added to Section 13.1 of the Loan Agreement as follows:

“Acceptable Intercreditor Agreement” means an Intercreditor Agreement between Collateral Agent and RTW, in form and substance reasonable satisfactory to Collateral Agent and the Lenders, to be entered into on the First Tranche Funding Date (as defined in the RTW Funding Agreement) pursuant to which the Lien of Collateral Agent on behalf of the Lenders in the CK-274 Collateral (other than the US IP Collateral) (as defined in the RTW Security Agreement) shall be a second priority Lien subordinated to the first priority Lien of RTW in the CK-274 Collateral and the exercise of remedies by Collateral Agent with respect to the CK-274 Collateral shall be subject to a customary standstill (subject to customary and reasonable exceptions thereto) prior to the Covenant Fall Away Date (as defined in the RTW Security Agreement). For the sake of clarity, the aforementioned standstill shall be limited to exercise of remedies by Collateral Agent with respect to the CK-274 Collateral and shall not apply to or impact Collateral Agent’s exercise of remedies with respect to any other Collateral under this Agreement.

“CK-274 Collateral” means the Collateral (as defined in the RTW Security Agreement).

“Mavacamten Collaboration Agreement” means the License Agreement (as defined in the RTW Royalty Purchase Agreement).

“Mavacamten Royalty” means the Royalty (as defined in the RTW Royalty Purchase Agreement), including, for the avoidance of doubt, all amounts payable in respect thereof.  

“RTW” means Dolya Holdco 19 Designated Activity Company (in the process of changing its name to RTW Royalty Holdings Designated Activity Company), a designated activity company incorporated under the laws of Ireland under company number 669527 and an Affiliate of RTW Investments, LP.

“RTW Funding Agreement” means that certain Funding Agreement, dated as of July 14, 2020, by and between Borrower and RTW, attached hereto as Annex I, and as amended to the extent permitted by Section 7.15.

“RTW Royalty Purchase Agreement” means that certain Royalty Purchase Agreement, dated as of July 14, 2020, by and between Borrower and RTW, attached hereto as Annex II, and as amended to the extent permitted by Section 7.14.  

“RTW Security Agreement” means that certain Security Agreement, by and between Borrower and RTW, to be executed and delivered pursuant to Section 4.3 of the RTW Funding Agreement, in substantially the form attached hereto as Annex I, and as amended to the extent permitted by Section 7.15.

2.5Section 13.1 (Definitions).  The defined term “Permitted Indebtedness” in Section 13.1 of the Loan Agreement is hereby amended by amending and restating subsection (j) thereof to read in its entirety as follows:

(j)(y) Indebtedness with respect to the RPI Royalty Purchase Agreement and the RTW Royalty Purchase Agreement and (z) to the extent an Acceptable Intercreditor Agreement has been executed and delivered by Collateral Agent and RTW, any Indebtedness under the RTW Funding Agreement, provided that in each case no Event of Default exists at the time of incurring such Indebtedness or would result after giving effect thereto;”

 

 

 

2.6Section 13.1 (Definitions).  The defined term “Permitted Liens” in Section 13.1 of the Loan Agreement is hereby amended by: (i) deleting the word “and” at the end of clause (n) therein; (ii) amending and restating subsection (o) thereof to read in its entirety as follows; and (iii) adding new subsections (p) and (q) thereto to read in their entirety as follows:

(o)provided that an Acceptable Intercreditor Agreement has been executed and delivered by Collateral Agent and RTW, the Lien of RTW in the CK-274 Collateral pursuant to the RTW Security Agreement; 

(p)subject to, and in accordance with, Section 1.4 of the RTW Royalty Purchase Agreement, Liens on the Mavacamten Royalty and any proceeds thereof; and

(q)Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (p), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase; except as permitted under clause (m) of Permitted Indebtedness.”

2.7Exhibit A (Description of Collateral); Security Interest Release.  Exhibit A of the Loan Agreement hereby is amended and restated in its entirety in the form of Exhibit A attached hereto. The Collateral Agent and the Lenders hereby (a) terminate and release in full all security interests and Liens granted by the Borrower pursuant to the Loan Agreement and any other Loan Document in and on (i) the Mavacamten Royalty and proceeds thereof and (ii) the rights of the Borrower under the Mavacamten Collaboration Agreement to the extent such rights relate to or otherwise affect the Mavacamten Royalty, and (b) agree to, promptly upon the request of the Borrower, file Uniform Commercial Code amendment statements to reflect the termination and release of such security interests and Liens described in the immediately preceding clause (a).

2.8Exhibit C (Compliance Certificate).  Exhibit C of the Loan Agreement hereby is amended and restated in its entirety in the form of Exhibit C attached hereto.

3.Limitation of Amendment.

3.1The amendments set forth in Section 2 are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Collateral Agent or any Lender may now have or may have in the future under or in connection with any Loan Document.

3.2This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect.

4.Representations and Warranties.  To induce Collateral Agent and Lenders to enter into this Amendment, Borrower hereby represents and warrants to Collateral Agent and Lenders as follows:

4.1Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing;

4.2Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment;

4.3The organizational documents of Borrower delivered to Collateral Agent and Lenders on the Effective Date, or subsequent thereto, remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect;

 

 

 

4.4The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized;

4.5The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower;

4.6The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on Borrower; and

4.7This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights.

5.Release. The Borrower hereby remises, releases, acquits, satisfies and forever discharges the Lenders and Collateral Agent, their agents, employees, officers, directors, predecessors, attorneys and all others acting or purporting to act on behalf of or at the direction of the Lenders and Collateral Agent (“Releasees”), of and from any and all manner of actions, causes of action, suit, debts, accounts, covenants, contracts, controversies, agreements, variances, damages, judgments, claims and demands whatsoever, in law or in equity, which any of such parties ever had, now has or, to the extent arising from or in connection with any act, omission or state of facts taken or existing on or prior to the date hereof, may have after the date hereof against the Releasees, for, upon or by reason of any matter, cause or thing whatsoever relating to or arising out of the Loan Agreement or the other Loan Documents on or prior to the date hereof and through the date hereof. Without limiting the generality of the foregoing, the Borrower waives and affirmatively agrees not to allege or otherwise pursue any defenses, affirmative defenses, counterclaims, claims, causes of action, setoffs or other rights they do, shall or may have as of the date hereof, including the rights to contest: (a) the right of Collateral Agent and each Lender to exercise its rights and remedies described in the Loan Documents; (b) any provision of this Amendment or the Loan Documents; or (c) any conduct of the Lenders or other Releasees relating to or arising out of the Loan Agreement or the other Loan Documents on or prior to the date hereof.

6.Counterparts.  This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery by electronic transmission (e.g. “.pdf”) of an executed counterpart of this Amendment shall be effective as a manually executed counterpart signature thereof.

7.Effectiveness.  This Amendment shall be deemed effective upon the due execution and delivery to Collateral Agent and Lenders of this Amendment by each party hereto.

8.Condition Subsequent.  As a condition subsequent to this Amendment, Borrower agrees to promptly pay all of Lenders’ Expenses incurred in connection with this Amendment and that Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any Loan Party, including the Designated Deposit Account for such Lenders’ Expenses in accordance with Section 2.3(d) of the Loan Agreement.

[Balance of Page Intentionally Left Blank]

 

 

 

 

In Witness Whereof, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.

		
	
COLLATERAL AGENT AND LENDER:

 

OXFORD FINANCE LLC 

By: /s/ Collette H. Featherly

Name:Colette H. Featherly

Title:Senior Vice President

 
	
 

	
 

LENDER:

 

SILICON VALLEY BANK

By:/s/ Kristina Peralta

Name:Kristina Peralta

Title:Vice President

 
	
 

	
 

BORROWER:

 

CYTOKINETICS, INCORPORATED 

By:/s/ Ching Jaw

Name:Ching Jaw

Title:Chief Financial Officer

 

 
	
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature Page to Third Amendment to Loan and Security Agreement]Exhibit 10.1

 

Execution Version

 

STOCKHOLDER
SUPPORT AGREEMENT

 

STOCKHOLDER
SUPPORT AGREEMENT, dated as of November 2, 2020 (this “Agreement”), by and among InterPrivate Acquisition Corp.,
a Delaware corporation (“InterPrivate”), and certain of the stockholders of Aeva, Inc., a Delaware corporation
(the “Company”), whose names appear on the signature pages of this Agreement (each, a “Stockholder”
and, collectively, the “Stockholders”).

 

WHEREAS,
InterPrivate, WLLY Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of InterPrivate (“Merger Sub”),
and the Company propose to enter into, simultaneously herewith, a business combination agreement in the form attached hereto as
Exhibit B (the “BCA”; terms used but not defined in this Agreement shall have the meanings ascribed
to them in the BCA), which provides, among other things, that, upon the terms and subject to the conditions thereof, Merger Sub
will be merged with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly
owned subsidiary of InterPrivate; and

 

WHEREAS,
as of the date hereof, each Stockholder owns of record the number of shares of Company Common Stock and Company Preferred Stock
as set forth opposite such Stockholder’s name on Exhibit A hereto (all such shares of Company Common Stock and Company
Preferred Stock and any shares of Company Common Stock and Company Preferred Stock of which ownership of record or the power to
vote is hereafter acquired by the Stockholders prior to the termination of this Agreement being referred to herein as the “Shares”).

 

NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, and intending to be
legally bound hereby, the parties hereto hereby agree as follows:

 

1. Agreement
to Vote. Subject to the earlier termination of this Agreement in accordance with Section 6, each Stockholder, severally and
not jointly, hereby agrees, regardless of whether or not there shall have been a Company Adverse Recommendation Change, as follows:
(a) to vote at any meeting of the stockholders of the Company, and in any action by written consent of the stockholders of the
Company (which written consent shall be delivered promptly, and in any event within twenty-four (24) hours after the Company requests
such delivery, which request will only be made after the Registration Statement becomes effective), all of such Stockholder’s
Shares held by such Stockholder at such time (i) in favor of the approval and adoption of the BCA and approval of the Merger and
all other transactions contemplated by the BCA (including but not limited to approval of the Conversion of all Company Preferred
Stock into Company Common Stock subject to the occurrence of, and effective immediately prior to, the Effective Time) and (ii)
against any action, agreement or transaction or proposal that would result in a breach of any covenant, representation or warranty
or any other obligation or agreement of the Company under the BCA or that would reasonably be expected to result in the failure
of the Merger from being consummated; and (b) if such Stockholder holds any shares of Company Preferred Stock, to vote at any
meeting of the holders of the Company Preferred Stock, and in any action by written consent of the holders of the Company Preferred
Stock (which written consent shall be delivered promptly, and in any event within twenty-four (24) hours after the Company requests
such delivery, which request will only be made after the Registration Statement becomes effective), all of such Stockholder’s
shares of the Company Preferred Stock held by such Stockholder at such time in favor of the approval of the Conversion of all
Company Preferred Stock into Company Common Stock (subject to the occurrence of, and effective immediately prior to, the Effective
Time) as contemplated by Section 3.01(b) of the BCA. Each Stockholder acknowledges receipt and review of a copy of the BCA.

 

     

     

    

 

2. Termination
of Stockholders’ Rights Agreement, Related Agreements. Each Stockholder, by this Agreement, with respect to its Shares,
severally and not jointly, hereby agrees to terminate, subject to the occurrence of, and effective immediately prior to, the Effective
Time and provided that all Terminating Rights (as defined below) between the Company or any of its subsidiaries and any other
holder of Company capital stock shall also terminate at such time, (a) that certain Amended and Restated Investors’ Rights
Agreement dated as of August 23, 2019 among the Company and the stockholders of the Company named therein (the “Investors’
Rights Agreement”), (b) that certain Amended and Restated Right of First Refusal and Co-Sale Agreement dated as of August
23, 2019 among the Company and the stockholders of the Company named therein (the “ROFR and Co-Sale Agreement”),
(c) that certain Amended and Restated Voting Agreement dated as of August 23, 2019 among the Company and the stockholders of the
Company named therein (the “Voting Agreement” and, together with the Investors’ Rights Agreement and
the ROFR and Co-Sale Agreement, the “Stockholder Agreements”), and (d) if applicable to such Stockholder, any
rights under any letter agreement providing for redemption rights, put rights, purchase rights, information rights, rights to
consult with and advise management, inspection rights, preemptive rights, Company Board observer rights or rights to receive information
delivered to the Company Board or other similar rights not generally available to stockholders of the Company (the “Terminating
Rights”) between such Stockholder and the Company, but excluding, for the avoidance of doubt, any rights such Stockholder
may have that relate to any indemnification, commercial or employment agreements or arrangements between such Stockholder and
the Company or any subsidiary, which shall survive in accordance with their terms.

 

3. Transfer
of Shares. Each Stockholder, severally and not jointly, agrees that it shall not, directly or indirectly, (a) sell, assign,
transfer (including by operation of law), lien, pledge, dispose of or otherwise encumber any of the Shares or otherwise agree
to do any of the foregoing, except for a sale, assignment or transfer pursuant to the BCA or to another stockholder of the Company
that is a party to this Agreement and bound by the terms and obligations hereof, (b) deposit any Shares into a voting trust or
enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent
with this Agreement or (c) enter into any contract, option or other arrangement or undertaking with respect to the direct or indirect
acquisition or sale, assignment, transfer (including by operation of law) or other disposition of any Shares; provided that the
foregoing shall not prohibit the transfer of the Shares by a Stockholder to an affiliate of such Stockholder, but only if such
affiliate shall execute this Agreement or a joinder agreeing to become a party to this Agreement.

 

4. No
Solicitation of Transactions. Each of the Stockholders, severally and not jointly, agrees not to directly or indirectly, through
any officer, director, representative, agent or otherwise, (a) solicit, initiate or knowingly encourage (including by furnishing
information) the submission of, or participate in any discussions or negotiations regarding, any Company Acquisition Proposal
or any proposal or offer that would reasonably be expected to lead to a Company Acquisition Proposal, or (b) participate in any
discussions or negotiations regarding, or furnish to any person, any information with the intent to, or otherwise cooperate in
any way with respect to, or knowingly assist, participate in, facilitate or encourage, any unsolicited proposal that constitutes,
or would reasonably be expected to lead to, a Company Acquisition Proposal in violation of the BCA. Each Stockholder shall, and
shall direct its representatives and agents to, immediately cease and cause to be terminated any discussions or negotiations with
any parties that may be ongoing with respect to any Company Acquisition Proposal (other than the transactions contemplated by
the BCA) to the extent required by the BCA. Each Stockholder may respond to any unsolicited proposal regarding a Company Acquisition
Proposal by indicating that the Company is subject to an exclusivity agreement and such Stockholder is unable to provide any information
related to the Company or entertain any proposals or offers or engage in any negotiations or discussions concerning a Company
Acquisition Proposal for as long as the BCA remains in effect.

 

    2

     

    

 

Notwithstanding
anything in this Agreement to the contrary, (i) no Stockholder shall be responsible for the actions of the Company or the Company
Board (or any committee thereof) or any officers, directors, employees and professional advisors (each in their capacity as such)
of the Company, including any such persons that are also officers, directors, employees, representatives, or agents of the Stockholder
(the “Company Related Parties”), with respect to any of the matters contemplated by this Section 4, (ii) no
Stockholder makes any representations or warranties with respect to the actions of any of the Company Related Parties with respect
to any of the matters contemplated by this Section 4, (iii) any breach by the Company of its obligations under Section 7.05(a)
of the BCA shall not be considered a breach of this Section 4 (it being understood for the avoidance of doubt that each Stockholder
shall remain responsible for any breach by it or its Representatives (other than any such Representative that is a Company Related
Party) of this Section 4) and (iv) to the extent the Company complies with its obligations under Section 7.05 of the BCA and participates
in discussions or negotiations with a Person regarding an Company Acquisition Proposal, each Stockholder and/or any of its Representatives
may engage in discussions or negotiations with such Person to the extent that the Company can act under Section 7.05 of the BCA.

 

5. Representations
and Warranties. Each Stockholder, severally and not jointly, represents and warrants to InterPrivate as follows:

 

(a) The
execution, delivery and performance by such Stockholder of this Agreement and the consummation by such Stockholder of the transactions
contemplated hereby do not and will not (i) conflict with or violate any United States or non-United States statute, law, ordinance,
regulation, rule, code, executive order, injunction, judgment, decree or other order applicable to such Stockholder, (ii) require
any consent, approval or authorization of, declaration, filing or registration with, or notice to, any person or entity, (iii)
result in the creation of any encumbrance on any Shares (other than under this Agreement, the BCA and the agreements contemplated
by the BCA) or (iv) conflict with or result in a breach of or constitute a default under any provision of such Stockholder’s
governing documents.

 

(b) As
of the date of this Agreement, such Stockholder owns exclusively of record and has good and valid title to the Shares set forth
opposite such Stockholder’s name on Exhibit A free and clear of any security interest, lien, claim, pledge, proxy,
option, right of first refusal, agreement, voting restriction, limitation on disposition, charge, adverse claim of ownership or
use or other encumbrance of any kind, other than pursuant to (i) this Agreement, (ii) applicable securities laws, (iii) the Company’s
Certificate of Incorporation and bylaws and (iv) the Stockholder Agreements, and as of the date of this Agreement, such Stockholder
has the sole power (as currently in effect) to vote and right, power and authority to sell, transfer and deliver such Shares,
and such Stockholder does not own, directly or indirectly, any other Shares.

 

(c) Such
Stockholder has the power, authority and capacity to execute, deliver and perform this Agreement and this Agreement has been duly
authorized, executed and delivered by such Stockholder.

 

6. Termination.
Notwithstanding anything in this Agreement to the contrary, this Agreement and the obligations of the Stockholders under this
Agreement shall automatically terminate upon the earliest of (a) the Effective Time; (b) the termination of the BCA in accordance
with its terms and (c) the effective date of a written agreement of the parties hereto terminating this Agreement. Upon termination
of this Agreement, neither party shall have any further obligations or liabilities under this Agreement; provided that nothing
in this Section 6 shall relieve any party of liability for any willful material breach of this Agreement occurring prior to termination.
The representations and warranties contained in this Agreement and in any certificate or other writing delivered pursuant hereto
shall not survive the Closing or the termination of this Agreement.

 

    3

     

    

 

 7. Miscellaneous.

 

(a) Except
as otherwise provided herein, all costs and expenses incurred in connection with this Agreement and the transactions contemplated
hereby shall be paid by the party incurring such costs and expenses, whether or not the transactions contemplated hereby are consummated.

 

(b) All
notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed
to have been duly given upon receipt) by delivery in person, by e-mail or by registered or certified mail (postage prepaid, return
receipt requested) to the respective parties at the following addresses or e-mail addresses (or at such other address or email
address for a party as shall be specified in a notice given in accordance with this Section 7(b)):

 

If
to InterPrivate, to it at:

 

InterPrivate
Acquisition Corp.

c/o
InterPrivate LLC

1350
Avenue of the Americas

New
York, New York 10019

Attention:
Brandon C. Bentley, General Counsel

Email:
bbentley@interprivate.com

 

with
a copy to:

 

Greenberg
Traurig, LLP 333 SE 2nd Avenue, Suite 4400

Miami,
Florida 33131

Attention:
Alan I. Annex, Esq. Email: annexa@gtlaw.com

 

If
to a Stockholder, to the address or email address set forth for Stockholder on the signature page hereof.

 

(c) If
any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party.
Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to
the fullest extent possible.

 

(d) This
Agreement and any other Ancillary Agreement to which the Stockholder is a party constitute the entire agreement among the parties
with respect to the subject matter hereof and supersedes all prior agreements and undertakings, both written and oral, among the
parties, or any of them, with respect to the subject matter hereof. This Agreement shall not be assigned (whether pursuant to
a merger, by operation of law or otherwise), by any party without the prior express written consent of the other parties hereto.

 

    4

     

    

 

(e) This
Agreement shall be binding upon and inure solely to the benefit of each party hereto and their respective permitted assigns, and
nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy
of any nature whatsoever under or by reason of this Agreement. No Stockholder shall be liable for the breach by any other Stockholder
of this Agreement.

 

(f) This
Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by an
instrument in writing signed by each of the parties hereto; provided, however, that an amendment, modification or supplement
to this Agreement that only affects a particular Stockholder may be entered into by an instrument in writing signed by InterPrivate
and that particular Stockholder.

 

(g) The
parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not performed in accordance
with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any other
remedy at law or in equity.

 

(h) This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed
in and to be performed in that State. All Actions arising out of or relating to this Agreement shall be heard and determined exclusively
in any Delaware Chancery Court. The parties hereto hereby (i) submit to the exclusive jurisdiction of the Delaware Chancery Court
for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, and (ii) irrevocably waive,
and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally
to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action
is brought in an inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated
hereunder may not be enforced in or by any of the above-named courts.

 

(i) This
Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission) in counterparts,
and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but
all of which taken together shall constitute one and the same agreement.

 

(j) Each
Stockholder hereby authorizes the Company and InterPrivate to publish and disclose in any announcement or disclosure required
by the SEC such Stockholder’s identity and ownership of Shares and the nature of such Stockholder’s obligations under this Agreement;
provided, that prior to any such publication or disclosure the Company and InterPrivate have provided such Stockholder with an
opportunity to review and comment upon such announcement or disclosure, which comments the Company and InterPrivate will consider
in good faith.

 

(k) At
the request of InterPrivate, in the case of any Stockholder, or at the request of the Stockholders, in the case of InterPrivate,
and without further consideration, each party shall execute and deliver or cause to be executed and delivered such additional
documents and instruments and take such further action as may be reasonably necessary to consummate the transactions contemplated
by this Agreement.

 

(l) This
Agreement shall not be effective or binding upon any Stockholder until after such time as the BCA is executed and delivered by
the Company, InterPrivate and Merger Sub.

 

(m) Notwithstanding
anything herein to the contrary, each Stockholder signs this Agreement solely in such Stockholder’s capacity as a stockholder
of the Company, and not in any other capacity and, if applicable, this Agreement shall not limit or otherwise affect the actions
of any affiliate, employee or designee of such Stockholder or any of its affiliates in his or her capacity as an officer or director
of the Company.

 

(n) Each
of the parties hereto hereby waives to the fullest extent permitted by applicable law any right it may have to a trial by jury
with respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement. Each of the
parties hereto (i) certifies that no Representative, agent or attorney of any other party has represented, expressly or otherwise,
that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and (ii) acknowledges that it
and the other parties hereto have been induced to enter into this Agreement and the transactions contemplated hereby, as applicable,
by, among other things, the mutual waivers and certifications in this Section 7(n).

 

[Signature
pages follow]

 

    5

     

    

 

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

 

	 	INTERPRIVATE ACQUISITION CORP.
	 	 	 
	 	 	 
	 	By: 	/s/ Ahmed M. Fattouh
	 	Name:	Ahmed M. Fattouh
	 	Title:	Chairman and Chief Executive Officer

 

[Signature
page to Stockholder Support Agreement] 

 

     

     

    

 

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

 

	 	ADAGE
    CAPITAL PARTNERS LP
	 	 
	 	By: 	/s/ Dan Lehan
	 	Name:   	Dan Lehan
	 	Title:	Chief
Operating Officer
	 	 
	 	Address:

                                                                     200 Clarendon St, 52nd Floor

 Boston, MA 02116 

 

[Signature page
to Stockholder Support Agreement]

 

     

     

    

 

	 	LUX VENTURES IV, L.P.
	 	 
	 	By: Lux Venture Partners IV, LLC, its general partner
	 	 
	 	By: 	/s/ Peter Hebert
	 	Name:   	Peter Hebert
	 	Title: 	Managing Member
	 	 
	 	Address:
	 	1600, El Camino Real - Suite 290
	 	Menlo Park,CA, 94025

 

[Signature page to Stockholder
Support Agreement]

 

     

     

    

 

	 	LUX CO-INVESTMENT OPPORTUNITIES, L.P.
	 	 
	 	By: Lux Co-Invest Partners, LLC, its general partner
	 	 
	 	By:	/s/ Peter Hebert                            
	 	Name:	 Peter Hebert
	 	Title:	 Managing Member
	 	 
	 	Address:
	 	1600 El Camino Real – Suite 290
	 	Menlo Park, CA, 94025
	 	Attn: Segolene Scarborough (CFO)
	 	Email: Sego.scarborough@luxcapital.com

 

[Signature page
to Stockholder Support Agreement]

 

     

     

    

 

	 	CANAAN XI LP
	 	 
	 	By: Canaan Partners XI LLC, its general partner
	 	 
	 	By: 	/s/ Hrach Simonian
	 	Name:   	Hrach Simonian
	 	Title: 	 Manager
	 	 
	 	Address:
	 	2765 Sand Hill Road
	 	Menlo Park, CA 94025

 

[Signature page
to Stockholder Support Agreement]

 

     

     

    

 

	 	By: 	/s/ Soroush Salehian Dardashti
	 	Name:  	 Soroush Salehian Dardashti
	 	 
	 	Address:
	 	555 Ellis St.
	 	Mountain View, CA 94301
	 	Email: soroush@aeva.ai

 

[Signature page
to Stockholder Support Agreement]

 

     

     

    

 

	 	By: 	/s/ Mina Rezk
	 	Name:  	 Mina Rezk
	 	 
	 	Address:

 

[Signature
page to Stockholder Support Agreement] 

 

     

     

    

 

EXHIBIT
A

 

LIST
OF STOCKHOLDERS

 

	 
Name of Stockholder
	 	Number of Shares of Company Common Stock Owned	 	 	Number of Shares of Company Preferred Stock Owned	 
	Soroush Salehian Dardashti	 	 	2,674,500	 	 	 	0	 
	Mina Rezk	 	 	4,972,500	 	 	 	0	 
	Lux Co-Investment Opportunities, L.P.	 	 	0	 	 	 	160,784	 
	Lux Ventures IV, L.P.	 	 	38,427	 	 	 	3,198,982	 
	Canaan XI LP	 	 	0	 	 	 	2,209,001	 
	Adage Capital Partners, LP	 	 	0	 	 	 	785,849	 

 

     

     

    

 

EXHIBIT
B

 

Business
Combination Agreement

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