Document:

Exhibit
10.1

 

EXECUTION
VERSION

 

SHAREHOLDER
SUPPORT AGREEMENT

 

This
Shareholder Support Agreement (this “Agreement”) is made and entered into as of August 17, 2020, by and among
Hennessy Capital Acquisition Corp. IV, a Delaware corporation (“HCAC”) and the equityholders of Canoo Holdings
Ltd., an exempted company incorporated with limited liability in the Cayman Islands (the “Company”), whose
names appear on the signature pages hereto (each such person, a “Company Shareholder” and, collectively, the
“Company Shareholders”). HCAC and the Company Shareholders are sometimes referred to herein as a “Party”
and collectively as the “Parties”. Capitalized terms used but not otherwise defined herein shall have the respective
meanings ascribed to such terms in the Merger Agreement (as defined below).

 

RECITALS

 

A.
On August 17, 2020, HCAC, HCAC IV First Merger Sub, Ltd., an exempted company incorporated with limited liability in the Cayman
Islands (“First Merger Sub”), HCAC IV Second Merger Sub, LLC, a Delaware limited liability company (“Second
Merger Sub”), and the Company entered into a Merger Agreement and Plan of Reorganization (the “Merger Agreement”)
pursuant to which, upon the terms and subject to the conditions set forth therein: (a) First Merger Sub will merge with and into
the Company (the “First Merger”), with the Company surviving the First Merger as a wholly owned subsidiary
of HCAC (the Company, in its capacity as the surviving corporation of the First Merger, is sometimes referred to as the “Surviving
Corporation”), and (b) as soon as practicable, but in any event within 10 days following the First Merger, the Surviving
Corporation will merge with and into Second Merger Sub (the “Second Merger” and, together with the First Merger,
the “Mergers”), with Second Merger Sub being the surviving entity of the Second Merger. Each share in the capital
of the Company issued and outstanding immediately prior to the Effective Time will be cancelled and automatically converted into
the right to receive a certain number of shares of HCAC Common Stock (such transaction, together with the Mergers and other transactions
contemplated by the Merger Agreement, the “Transactions”).

 

B.
The Company Shareholders agree to enter into this Agreement with respect to all shares in the capital of the Company (including
any Company Ordinary Shares and Company Preferred Shares) (collectively, the “Company Shares”) that the Company
Shareholders now or hereafter own, beneficially (as such term is defined in Rule 13d-3 under the Exchange Act) or of record.

 

C.
As of the date hereof, the Company Shareholders are the owners of, and/or have sole voting power (including, without limitation,
by proxy or power of attorney) over, such number of Company Shares as are indicated opposite each of their names on Schedule
A attached hereto (all such Company Shares, together with any Company Shares of which ownership of record or the power to
vote (including, without limitation, by proxy or power of attorney) is hereafter acquired by any such Company Shareholder during
the period from the date hereof through the Expiration Time referred to herein as the “Subject Shares”).

 

     

     

    

 

D.
As a condition to the willingness of HCAC to enter into the Merger Agreement and as an inducement and in consideration therefor,
the Company Shareholders have agreed to enter into this Agreement.

 

E.
Each of HCAC and the Company Shareholders has determined that it is in its best interest to enter into this Agreement.

 

NOW,
THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth
below and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties
hereto, intending to be legally bound, do hereby agree as follows:

 

1.
Definitions. When used in this Agreement,
the following terms in all of their tenses, cases and correlative forms shall have the meanings assigned to them in this Section
1 or elsewhere in this Agreement.

 

“Expiration
Time” shall mean the earlier to occur of (a) the Effective Time, (b) such date and time as the Merger Agreement shall
be terminated in accordance with Section 9.01 thereof, and (c) as to any Company Shareholder, the Termination Date.

 

“Transfer”
shall mean any sale, assignment, encumbrance, pledge, hypothecation, disposition, loan or other transfer, or entry into any contract
or agreement with respect to any sale, assignment, encumbrance, pledge, hypothecation, disposition, loan or other transfer, excluding
entry into this Agreement and the Merger Agreement and the consummation of the transactions contemplated hereby and thereby.

 

2.
Agreement to Retain the Subject Shares.

 

2.1
No Transfer of Subject Shares. Until the Expiration Time, each Company Shareholder agrees not to (a) Transfer any Subject
Shares or (b) deposit any Subject Shares into a voting trust or enter into a voting agreement with respect to any Subject Shares
or grant any proxy (except as otherwise provided herein), consent or power of attorney with respect thereto (other than pursuant
to this Agreement); provided, that (i) if a Company Shareholder is an individual, such Company Shareholder may Transfer
any such Subject Shares (A) to any member of such Company Shareholder’s immediate family, or to a trust for the benefit
of such Company Shareholder or any member of such Company Shareholder’s immediate family, the sole trustees of which are
such Company Shareholder or any member of such Company Shareholder’s immediate family or (B) by will, other testamentary
document or under the laws of intestacy upon the death of such Company Shareholder; or (ii) if a Company Shareholder is an entity,
such Company Shareholder may Transfer any Subject Shares to any partner, member, or affiliate of such Company Shareholder in accordance
with the terms of the Company Charter; provided further, that in each case such transferee of such Subject Shares evidences
in a writing reasonably satisfactory to HCAC such transferee’s agreement to be bound by and subject to the terms and provisions
hereof to the same effect as such transferring Company Shareholder.

 

    2

     

    

 

2.2
Additional Purchases. Until the Expiration Time, each Company Shareholder agrees that any Subject Shares that such Company
Shareholder purchases, that is issued by the Company or otherwise hereinafter acquired or with respect to which such Company Shareholder
otherwise acquires sole or shared voting power (including, without limitation, by proxy or power of attorney) after the execution
of this Agreement and prior to the Expiration Time, shall be subject to the terms and conditions of this Agreement to the same
extent as if they were Subject Shares owned by such Company Shareholder as of the date hereof. Each of the Company Shareholders
agrees, while this Agreement is in effect, to notify HCAC promptly in writing (including by e-mail) of the number of any additional
Subject Shares acquired by such Company Shareholder, if any, after the date hereof.

 

2.3
Unpermitted Transfers. Any Transfer or attempted Transfer of any Subject Shares in violation of this Section 2 shall,
to the fullest extent permitted by applicable Law, be null and void ab initio.

 

3.
Voting of Units. Hereafter until the Expiration
Time, each Company Shareholder hereby unconditionally and irrevocably agrees that, at any meeting of the shareholders of the Company
(or any adjournment or postponement thereof), and in any action by written consent of the shareholders of the Company requested
by the Company Board or otherwise undertaken as contemplated by the Transactions (which written consent shall be delivered promptly,
and in any event within twenty four (24) hours, after the Company requests such delivery), such Company Shareholder shall, if
a meeting is held, appear at the meeting, in person or by proxy, or otherwise cause its Subject Shares to be counted as present
thereat for purposes of establishing a quorum, and such Company Shareholder shall vote or provide consent (or cause to be voted
or consented), in person or by proxy, all of its Subject Shares (a) (i) to approve and adopt the Merger Agreement and the
Transactions and (ii) in any other circumstances upon which a consent or other approval with respect to the Merger Agreement or
the Transactions is sought, to vote, consent or approve (or cause to be voted, consented or approved) all of such Company Shareholder’s
Subject Shares held at such time in favor of the foregoing and (b) against and withhold consent with respect to any merger, purchase
of all or substantially all of the Company’s assets or other business combination transaction (other than the Merger Agreement
and the Transactions), and any other proposal that is intended, or would reasonably be expected, to prevent, impede, interfere
with, delay, postpone or adversely affect the Transactions in any material respect or would reasonably be expected to result in
any of the Company’s closing conditions or obligations under the Merger Agreement not being satisfied; provided,
however, such Company Shareholder shall not vote or provide consent with respect to any of its Subject Shares that are
not held by the Company’s directors, officers, affiliates or greater than 5% shareholders of the Company, or take any other
action, in each case to the extent any such vote, consent or other action would preclude the Company from filing with the SEC
a registration statement on Form S-4 as contemplated by the Merger Agreement. No Company Shareholder shall commit or agree to
take any action inconsistent with the foregoing that would be effective prior to the Expiration Time.

 

    3

     

    

 

4.
Additional Agreements.

 

4.1
No Challenges. Each Company Shareholder agrees not to commence, join in, facilitate, assist or encourage, and agrees to
take all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise, against
HCAC, First Merger Sub, Second Merger Sub, the Company or any of their respective successors or directors (a) challenging the
validity of, or seeking to enjoin the operation of, any provision of this Agreement or (b) alleging a breach of any fiduciary
duty of any person in connection with the evaluation, negotiation or entry into the Merger Agreement.

 

4.2
Further Actions. Each Company Shareholder agrees, while this Agreement is in effect, not to take or agree to commit to
take any action that would make any representation and warranty of such Company Shareholder contained in this Agreement inaccurate
in any material respect. Each of the Company Shareholders further agrees that it shall use its commercially reasonable efforts
to cooperate with HCAC and the Company to effect the transactions contemplated hereby and the Transactions.

 

4.3
Consent to Disclosure. Each Company Shareholder hereby consents to the publication and disclosure in the Proxy Statement
(and, as and to the extent otherwise required by applicable securities Laws or the SEC or any other securities authorities, any
other documents or communications provided by HCAC or the Company to any Governmental Authority or to securityholders of HCAC)
of such Company Shareholder’s identity and beneficial ownership of Subject Shares and the nature of such Company Shareholder’s
commitments, arrangements and understandings under and relating to this Agreement and, if deemed appropriate by HCAC or the Company,
a copy of this Agreement. Each Company Shareholder will promptly provide any information reasonably requested by HCAC or the Company
for any regulatory application or filing made or approval sought in connection with the Transactions (including filings with the
SEC).

 

5.
Representations and Warranties of the Company
Shareholders. Each Company Shareholder hereby represents and warrants to HCAC as follows:

 

5.1
Due Authority. Such Company Shareholder has the full power and authority to make, enter into and carry out the terms of
this Agreement. This Agreement has been duly and validly executed and delivered by such Company Shareholder (and, if such Shareholder
is married and any of such Shareholder’s Subject Shares constitute community property or otherwise need spousal or other
approval for this Agreement to be valid and binding, such Shareholder’s spouse), and constitutes a valid and binding agreement
of such Company Shareholder enforceable against it in accordance with its terms (except as such enforceability may be limited
by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar Laws of general applicability relating
to or affecting creditor’s rights, and to general equitable principles).

 

    4

     

    

 

5.2
Ownership of the Company Shares. Such Company Shareholder is either (x) the owner of the Company Shares indicated on Schedule
A hereto opposite such Company Shareholder’s name, free and clear of any and all Liens, other than (i) those created
by this Agreement, or (ii) as may be set forth in the Company Charter or (y) has the power to vote (including, without limitation,
by proxy or power of attorney) the Company Shares indicated on Schedule A hereto opposite such Company Shareholder’s
name. Such Company Shareholder has as of the date hereof and, except pursuant to a Transfer permitted in accordance with Section
2.1 hereof, will have until the Expiration Time, sole voting power (including the right to control such vote as contemplated
herein), power of disposition, power to issue instructions with respect to the matters set forth in this Agreement and power to
agree to all of the matters applicable to such Company Shareholder set forth in this Agreement, in each case, over all Company
Shares currently or hereinafter owned by such Company Shareholder and all Company Shares such Company Shareholder currently or
hereinafter has the power to vote (including, without limitation, by proxy or power of attorney). As of the date hereof, such
Company Shareholder does not own any other voting securities of the Company or have the power to vote (including, without limitation,
by proxy or power of attorney) any other voting securities of the Company other than the Company Shares set forth on Schedule
A opposite such Company Shareholder’s name. As of the date hereof, such Company Shareholder does not own any rights
to purchase or acquire any other equity securities of the Company, except as set forth on Schedule A opposite such Company
Shareholder’s name. There are no claims for finder’s fees or brokerage commissions or other like payments in connection
with this Agreement or the transactions contemplated hereby payable by such Company Shareholder pursuant to arrangements made
by such Company Shareholders.

 

5.3
No Conflict; Consents.

 

(a)
The execution and delivery of this Agreement by such Company Shareholder does not, and the performance by such Company Shareholder
of the obligations under this Agreement and the compliance by such Company Shareholder with any provisions hereof do not and will
not: (i) conflict with or violate any Law applicable to such Company Shareholder, (ii) contravene or conflict with, or result
in any violation or breach of, any provision of any charter, certificate of incorporation, limited liability company agreement,
certificate of formation, articles of association, by-laws, operating agreement or similar formation or governing documents and
instruments of such Company Shareholder, or (iii) result in any breach of or constitute a default (or an event that with notice
or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or
cancellation of, or result in the creation of a Lien on any of the Company Shares owned by such Company Shareholder pursuant to
any contract or agreement to which such Company Shareholder is a party or by which such Company Shareholder is bound, except,
in the case of clause (i) or (iii), as would not reasonably be expected, either individually or in the aggregate, to materially
impair the ability of such Company Shareholder to perform its obligations hereunder or to consummate the transactions contemplated
hereby.

 

(b)
No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Authority or any
other person is required by or with respect to such Company Shareholder in connection with the execution and delivery of this
Agreement or the consummation by such Company Shareholder of the transactions contemplated hereby. If such Company Shareholder
is a natural person, no consent of such Company Shareholder’s spouse is necessary under any “community property”
or other Laws in order for such Company Shareholder to enter into and perform its obligations under this Agreement.

 

5.4
Absence of Litigation. As of the date hereof, there is no Action pending or, to the knowledge of such Company Shareholder,
threatened, against such Company Shareholder that would reasonably be expected to impair the ability of such Company Shareholder
to perform such Company Shareholder’s obligations hereunder or to consummate the transactions contemplated hereby.

 

    5

     

    

 

5.5
Absence of Other Voting Agreement. Except for this Agreement and the Amended and Restated Voting and Preemptive Rights
Agreement, by and among the Company and the other parties thereto, dated March 4, 2019, as amended from time to time, such Company
Shareholder has not: (a) entered into any voting agreement, voting trust or similar agreement with respect to any Subject Shares
or other equity securities of the Company owned by such Company Shareholder, or (b) granted any proxy, consent or power of attorney
with respect to any Subject Shares or other equity securities of the Company owned by such Company Shareholder (other than as
contemplated by this Agreement).

 

5.6
Reliance by HCAC. Such Company Shareholder understands and acknowledges that HCAC is entering into the Merger Agreement
in reliance upon such Company Shareholder’s execution and delivery of this Agreement.

 

5.7
Company Shareholder Has Adequate Information. Such Company Shareholder is a sophisticated shareholder and has adequate
information concerning the business and financial condition of HCAC and the Company to make an informed decision regarding this
Agreement and the Transactions and has independently and without reliance upon HCAC or the Company and based on such information
as such Company Shareholder has deemed appropriate, made its own analysis and decision to enter into this Agreement. Such Company
Shareholder acknowledges that HCAC and the Company has not made and does not make any representation or warranty, whether express
or implied, of any kind or character except as expressly set forth in this Agreement. Such Company Shareholder acknowledges that
the agreements contained herein with respect to the Subject Shares held by such Company Shareholder are irrevocable.

 

6.
Termination. This Agreement shall terminate
upon the earliest to occur of (a) the Expiration Time and (b) as to each Company Shareholder, the mutual written agreement of
HCAC and such Company Shareholder (such date, the “Termination Date”).

 

7.
Exclusivity. Until the Expiration Time,
each Company Shareholder agrees to comply with the obligations applicable to Representatives of the Company (if applicable) pursuant
to Section 7.05 of the Merger Agreement as if they were parties thereto.

 

8.
Miscellaneous.

 

8.1
Further Assurances. From time to time, at another Party’s request and without further consideration, each Party shall
execute and deliver such additional documents and take all such further action as may be reasonably necessary or desirable to
consummate the transactions contemplated by this Agreement.

 

8.2
Fees and Expenses. Each of the Parties shall be responsible for its own fees and expenses (including, the fees and expenses
of investment bankers, accountants and counsel) in connection with the entering into of this Agreement and the consummation of
the transactions contemplated hereby.

 

8.3
No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in HCAC any direct or indirect ownership
or incidence of ownership of or with respect to any Subject Shares.

 

    6

     

    

 

8.4
Amendments, Waivers. This Agreement may not be amended except by an instrument in writing signed by each of the Parties
hereto. At any time prior to the Effective Time, HCAC may (a) extend the time for the performance of any obligation or other
act of any Company Shareholder, (b) waive any inaccuracy in the representations and warranties of each Company Shareholder
contained herein or in any document delivered by any Company Shareholder pursuant hereto and (c) waive compliance with any
agreement of each Company Shareholder or any condition to their obligations contained herein. Any such extension or waiver shall
be valid if set forth in an instrument in writing signed by HCAC.

 

8.5
Notices. 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 email or by registered or certified mail
(postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for
a Party as shall be specified in a notice given in accordance with this Section 8.5):

 

if
to HCAC:

 

Hennessy
Capital Acquisition Corp. IV

3485
North Pines Way, Suite 110

Wilson,
WY 83104

Attention:
Daniel J. Hennessy, Greg Ethridge and Nicholas Petruska

Email:
dhennessy@hennessycapllc.com, gethridge@hennessycapllc.com and npetruska@hennessycapllc.com

 

with
copies (which shall not constitute notice) to:

 

Sidley
Austin LLP

One
South Dearborn

Chicago,
Illinois 60603

Attention:
Jeffrey N. Smith and Dirk W. Andringa

Email:
jnsmith@sidley.com and dandringa@sidley.com

 

if
to any Company Shareholder, to the address for notice set forth on Schedule A hereto,

 

with
a copies (which shall not constitute notice) to:

 

Cooley
LLP

101
California Street

5th
Floor

San
Francisco, CA 94111-5800

Attention:
Garth Osterman and Dave Young

Email:
gosterman@cooley.com, dyoung@cooley.com 

 

8.6
Headings. The descriptive headings contained in this Agreement are included for convenience of reference only and shall
not affect in any way the meaning or interpretation of this Agreement.

 

    7

     

    

 

8.7
Severability. 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 or any of the other Transactions 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 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
by this Agreement be consummated as originally contemplated to the fullest extent possible.

 

8.8
Entire Agreement; Assignment. This Agreement and the schedules hereto (together with each Transaction Document to which
the Parties hereto are parties, to the extent referred to herein) constitutes the entire agreement among the Parties with respect
to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, among the Parties, or
any of them, with respect to the subject matter hereof. Except for transfers permitted by Section 2.1, 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.

 

8.9
Certificates. Promptly following the date of this Agreement, the Company shall advise the Company’s transfer agent
in writing that each Company Shareholder’s Subject Shares are subject to the restrictions set forth herein and, in connection
therewith, provide the Company’s transfer agent in writing with such information as is reasonable to ensure compliance with
such restrictions.

 

8.10
Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of each Party, 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.

 

8.11
Interpretation.

 

(a)
Unless the context of this Agreement otherwise requires, (i) words of any gender include each other gender, (ii) words
using the singular or plural number also include the plural or singular number, respectively, (iii) the definitions contained
in this agreement are applicable to the other grammatical forms of such terms, (iv) the terms “hereof,” “herein,”
“hereby,” “hereto” and derivative or similar words refer to this entire Agreement, (v) the terms
“Section” and “Schedule” refer to the specified Section or Schedule of or to this Agreement, (vi) the
word “including” means “including without limitation,” (vii) the word “or” shall be disjunctive
but not exclusive, (viii) the word “person” means an individual, corporation, partnership, limited partnership, limited
liability company, syndicate, person (including, without limitation, a “person” as defined in Section 13(d)(3)
of the Exchange Act), trust, association or entity or government, political subdivision, agency or instrumentality of a government,
and references to a person are also to its permitted successors and assigns, (ix), an “affiliate” of a specified person
means a person who, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common
control with, such specified person, (x) references to agreements and other documents shall be deemed to include all subsequent
amendments and other modifications thereto and references to any Law shall include all rules and regulations promulgated thereunder
and (xi) references to any Law shall be construed as including all statutory, legal, and regulatory provisions consolidating,
amending or replacing such Law.

 

    8

     

    

 

(b)
The language used in this Agreement shall be deemed to be the language chosen by the Parties to express their mutual intent and
no rule of strict construction shall be applied against any Party.

 

8.12
Governing Law. 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 legal actions and proceedings arising out of or relating
to this Agreement shall be heard and determined exclusively in any Delaware Chancery Court; provided, that if jurisdiction
is not then available in the Delaware Chancery Court, then any such legal Action may be brought in any federal court located in
the State of Delaware or any other Delaware state court. The Parties hereby (a) irrevocably submit to the exclusive jurisdiction
of the aforesaid courts for themselves and with respect to their respective properties for the purpose of any Action arising out
of or relating to this Agreement brought by any Party, and (b) agree not to commence any Action relating thereto except in
the courts described above in Delaware, other than Actions in any court of competent jurisdiction to enforce any judgment, decree
or award rendered by any such court in Delaware as described herein. Each of the Parties further agrees that notice as provided
herein shall constitute sufficient service of process and the Parties further waive any argument that such service is insufficient.
Each of the Parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense,
counterclaim or otherwise, in any Action arising out of or relating to this Agreement or the transactions contemplated hereby,
(a) any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described herein for any
reason, (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced
in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution
of judgment or otherwise) and (c) that (i) the Action in any such court is brought in an inconvenient forum, (ii) the
venue of such Action is improper or (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such
courts.

 

8.13
Specific Performance. The Parties agree that irreparable damage would occur if any provision of this Agreement were not
performed in accordance with the terms hereof, and, accordingly, that the Parties shall be entitled to an injunction or injunctions
to prevent breaches of this Agreement or to enforce specifically the performance of the terms and provisions hereof in the Court
of Chancery of the State of Delaware or, if that court does not have jurisdiction, any court of the United States located in the
State of Delaware without proof of actual damages or otherwise, in addition to any other remedy to which they are entitled at
law or in equity as expressly permitted in this Agreement. Each of the Parties hereby further waives (a) any defense in any
action for specific performance that a remedy at law would be adequate and (b) any requirement under any Law to post security
or a bond as a prerequisite to obtaining equitable relief.

 

    9

     

    

 

8.14
Waiver of Jury Trial. Each of the Parties 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 or the transactions contemplated hereby. Each of the Parties (a) 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 that foregoing waiver and (b) 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 8.14.

 

8.15
Counterparts; Electronic Delivery. This Agreement may be executed and delivered (including by facsimile or portable document
format (pdf) transmission) in one or more 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.
Delivery by email to counsel for the other Parties of a counterpart executed by a Party shall be deemed to meet the requirements
of the previous sentence.

 

8.16
Directors and Officers. Nothing in this Agreement shall be construed to impose any obligation or limitation on votes or
actions taken by any director, officer, employee, agent, designee or other representative of any Company Shareholder or by any
Company Shareholder that is a natural person, in each case, in his or her capacity as a director or officer of the Company or
any of its Subsidiaries. Each Company Shareholder is executing this Agreement solely in such capacity as a record or beneficial
holder of Company Shares.

 

[Remainder
of Page Intentionally Left Blank]

 

    10

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the date first set forth above.

 

	 	HCAC:

         

        HENNESSY
        CAPITAL ACQUISITION CORP. IV

	 	 	 
	 	By:	             
	 		Name: 
	 		Title: 

 

 

 

[Signature
Page to Shareholder Support Agreement]

 

     

     

    

 

	 	COMPANY
                                         SHAREHOLDERS:  

         

        [____]

	 	 	 
	 	By:	 
	 		Name:
	 		Title:

 

	 	[____]

	 	 	 
	 	By:	 
	 		Name:
	 		Title:

 

	 	[____]

	 	 	 
	 	By:	 
	 		Name:
	 		Title:

 

[Signature
Page to Shareholder Support Agreement]

 

     

     

    

 

Schedule
A

 

	 	 	Subject Shares
	Company Shareholder Name	 	Ordinary Shares	 	Preference Shares
	[____]	 	[____]	 	[____]
	[____]	 	[____]	 	[____]
	[____]	 	[____]	 	[____]
	Total:	 	[____]	 	[____]Exhibit 10.2

 

EXECUTION
VERSION

 

VOTING
AND SUPPORT AGREEMENT

 

This
VOTING AND SUPPORT AGREEMENT (this “Agreement”) is entered into as of August 17, 2020, by and among Canoo Holdings
Ltd., an exempted company incorporated with limited liability in the Cayman Islands (the “Company”), Hennessy
Capital Partners IV LLC, a Delaware limited liability company (“Hennessy Capital Partners IV”), and the other
stockholders of HCAC (as defined below) set forth on Schedule I hereto (such individuals, together with Hennessy Capital Partners
IV, each a “Stockholder”, and collectively, the “Stockholders”). The Company and the Stockholders
are sometimes referred to herein as a “Party” and collectively as the “Parties”.

 

W I T N E S S E T H :

 

WHEREAS,
as of the date hereof, each of the Stockholders “beneficially owns” (as such term is defined in Rule 13d-3
promulgated under the Exchange Act) and is entitled to dispose of (or to direct the disposition of) and to vote (or to direct
the voting of) the number of shares of Class B common stock, par value $0.0001 per share (the “Common Stock”),
of Hennessy Capital Acquisition Corp. IV, a Delaware corporation (“HCAC”), set forth opposite such Stockholder’s
name on Schedule I hereto (such shares of Common Stock, together with any other shares of Common Stock, the voting power over
which is acquired by Stockholder during the period from the date hereof through the date on which this Agreement terminates in
accordance with Section 6.1 hereof (such period, the “Voting Period”, and such shares of Common Stock are collectively
referred to herein as the “Subject Shares”);

 

WHEREAS,
the Company and HCAC propose to enter into a merger agreement and plan of reorganization, dated as of the date hereof (as the
same may be amended from time to time, the “Merger Agreement”), pursuant to which, upon the terms and subject
to the conditions set forth therein, (a) a wholly owned subsidiary of HCAC (“First Merger Sub”) will merge
with and into the Company (the “First Merger”), with the Company surviving as a wholly owned subsidiary of
HCAC (the “Surviving Corporation”), and (b) as soon as practicable, but in any event within 10 days following
the First Merger, the Surviving Corporation will merge with and into another wholly owned subsidiary of HCAC (the “Second
Merger Sub” and, such transaction together with the First Merger, the “Mergers”) with the Second
Merger Sub surviving as a wholly owned subsidiary of HCAC. Each share of capital stock of the Company issued and outstanding immediately
prior to the effective time of the First Merger will be cancelled and automatically converted into the right to receive a certain
number of shares of Common Stock (such transaction, together with the Mergers and other transactions contemplated by the Merger
Agreement, the “Transactions”); and

 

WHEREAS,
as a condition to the willingness of the Company to enter into the Merger Agreement, and as an inducement and in consideration
therefor, the Stockholders are executing this Agreement.

 

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

 

ARTICLE
I

DEFINITIONS

 

Section 1.1 Capitalized
Terms. For purposes of this Agreement, capitalized terms used but not defined herein shall have the respective meanings ascribed
to them in the Merger Agreement.

 

    

     

    

 

ARTICLE
II

VOTING
AGREEMENT

 

Section 2.1 Agreement
to Vote the Subject Shares. Each Stockholder hereby unconditionally and irrevocably agrees that, during the Voting Period,
at any duly called meeting of the stockholders of HCAC (or any adjournment or postponement thereof), and in any action by written
consent of the stockholders of HCAC requested by HCAC’s board of directors or undertaken as contemplated by the Transactions,
such Stockholder shall, if a meeting is held, appear at the meeting, in person or by proxy, or otherwise cause its Subject Shares
to be counted as present thereat for purposes of establishing a quorum, and such Stockholder shall vote or consent (or cause to
be voted or consented), in person or by proxy, all of its Subject Shares (a) in favor of the adoption of the Merger Agreement
and approval of the Transactions (and any actions required in furtherance thereof), (b) against any action, proposal, transaction
or agreement that would result in a breach in any respect of any representation, warranty, covenant, obligation or agreement of
HCAC, First Merger Sub, or Second Merger Sub contained in the Merger Agreement, (c) in favor of the proposals set forth in
the Proxy Statement, and (d) except as set forth in the Proxy Statement, against the following actions or proposals:
(i) any proposal in opposition to approval of the Merger Agreement or in competition with or materially inconsistent with
the Merger Agreement; and (ii) (A)  any amendment of the certificate of incorporation or bylaws of HCAC; (B) any
change in HCAC’s corporate structure or business; or (C) any other action or proposal involving HCAC or any of its
subsidiaries that is intended, or would reasonably be expected, to prevent, impede, interfere with, delay, postpone or adversely
affect the Transactions in any material respect or would reasonably be expected to result in any of HCAC’s closing conditions
or obligations under the Merger Agreement not being satisfied. Each of the Stockholders agrees not to, and shall cause its affiliates
not to, enter into any agreement, commitment or arrangement with any person, the effect of which would be inconsistent with or
violative of the provisions and agreements contained in this Article II.

 

Section 2.2 No
Obligation as Director or Officer. Nothing in this Agreement shall be construed to impose any obligation or limitation on
votes or actions taken by any director, officer, employee, agent or other representative (collectively, “Representatives”)
of any Stockholder or by any Stockholder that is a natural person, in each case, in his or her capacity as a director or officer
of HCAC. Each Stockholder is executing this Agreement solely in such capacity as a record or beneficial holder of shares of Common
Stock.

 

ARTICLE
III

COVENANTS

 

Section 3.1 Generally.

 

(a)
Except as contemplated by any of the Transaction Documents, each of the Stockholders agrees that during the Voting Period it shall
not, and shall cause its affiliates not to, without the Company’s prior written consent (except to a permitted transferee
as set forth in Section 7(c) in that certain letter agreement, dated February 28, 2019, between HCAC and such Stockholder
(the “Insider Letter”) who agrees in writing to be bound by the terms of this Agreement), (i) offer for
sale, sell (including short sales), transfer, tender, pledge, encumber, assign or otherwise dispose of (including by gift) (collectively,
a “Transfer”), or enter into any contract, option, derivative, hedging or other agreement or arrangement or
understanding (including any profit-sharing arrangement) with respect to, or consent to, a Transfer of, any or all of the Subject
Shares; (ii) grant any proxies or powers of attorney with respect to any or all of the Subject Shares; (iii) permit
to exist any Lien of any nature whatsoever with respect to any or all of the Subject Shares; or (iv) take any action that
would have the effect of preventing, impeding, interfering with or adversely affecting such Stockholder’s ability to perform
its obligations under this Agreement. Notwithstanding the foregoing, (i) if a Stockholder is a natural person, such Stockholder
may Transfer any such Subject Shares (A) to any member of such Stockholder’s immediate family, or to a trust for the benefit
of such Stockholder or any member of such Stockholder’s immediate family, the sole trustees of which are such Stockholder
or any member of such Stockholder’s immediate family or (B) by will, other testamentary document or under the laws of intestacy
upon the death of such Stockholder; or (ii) if a Stockholder is an entity, such Stockholder may Transfer any Subject Shares to
any partner, member, or affiliate of such Stockholder, in each case, in accordance with the terms of HCAC’s governing documents;
provided further, that such transferee of such Subject Shares evidences in a writing reasonably satisfactory to HCAC such transferee’s
agreement to be bound by and subject to the terms and provisions hereof to the same effect as such transferring Stockholder.

 

(b)
In the event of a stock dividend or distribution, or any change in the Common Stock or HCAC Warrants by reason of any stock dividend
or distribution, split-up, recapitalization, combination, conversion, exchange of shares or the like, the term “Subject
Shares” shall be deemed to refer to and include the Subject Shares as well as all such stock dividends and distributions
and any securities into which or for which any or all of the Subject Shares or HCAC Warrants may be changed or exchanged or which
are received in such transaction. Each of the Stockholders agrees, while this Agreement is in effect, to notify the Company promptly
in writing (including by e-mail) of the number of any additional shares of Common Stock acquired by such Stockholder, if any,
after the date hereof.

 

    - 2 -

     

    

 

(c)
Each of the Stockholders agrees, while this Agreement is in effect, not to take or agree or commit to take any action that would
make any representation and warranty of such Stockholder contained in this Agreement inaccurate in any material respect. Each
of the Stockholders further agrees that it shall use its commercially reasonable efforts to cooperate with the Company to effect
the transactions contemplated hereby and the Transactions.

 

Section 3.2 Standstill
Obligations of the Stockholders. Each of the Stockholders covenants and agrees with the Company that, during the Voting Period:

 

(a)
None of the Stockholders shall, nor shall any Stockholder act in concert with any person to make, or in any manner participate
in, directly or indirectly, a “solicitation” of “proxies” or consents (as such terms are used in the proxy
solicitation rules of the SEC) or powers of attorney or similar rights to vote, or seek to advise or influence any person with
respect to the voting of, any shares of Common Stock in connection with any vote or other action with respect to a business combination
transaction, other than to recommend that stockholders of HCAC vote in favor of adoption of the Merger Agreement and in favor
of approval of the other proposals set forth in the Proxy Statement and any actions required in furtherance thereof and otherwise
as expressly provided by Article II of this Agreement.

 

(b)
None of the Stockholders shall, nor shall any Stockholder act in concert with any person to, deposit any of the Subject Shares
in a voting trust or subject any of the Subject Shares to any arrangement or agreement with any person with respect to the voting
of the Subject Shares, except as provided by Article II of this Agreement.

 

Section 3.3 Stop
Transfers. Each of the Stockholders agrees with, and covenants to, the Company that such Stockholder shall not request that
HCAC register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any Subject Shares
during the term of this Agreement without the prior written consent of the Company other than pursuant to a transfer permitted
by Section 3.1(a) of this Agreement.

 

Section
3.4 Consent to Disclosure. Each Stockholder hereby consents to the publication and disclosure in the Proxy Statement (and,
as and to the extent otherwise required by applicable securities Laws or the SEC or any other securities authorities, any other
documents or communications provided by HCAC or the Company to any Governmental Authority or to securityholders of HCAC) of such
Stockholder’s identity and beneficial ownership of Subject Shares and the nature of such Stockholder’s commitments,
arrangements and understandings under and relating to this Agreement and, if deemed appropriate by HCAC or the Company, a copy
of this Agreement. Each Stockholder will promptly provide any information reasonably requested by HCAC or the Company for any
regulatory application or filing made or approval sought in connection with the Transactions (including filings with the SEC).

 

ARTICLE
IV

REPRESENTATIONS
AND WARRANTIES OF STOCKHOLDERS

 

Each
of the Stockholders hereby represents and warrants, severally but not jointly, to the Company as follows:

 

Section 4.1 Binding
Agreement. Such Stockholder (a) if a natural person, is of legal age to execute this Agreement and is legally competent
to do so and (b) if not a natural person, (i) is a corporation, limited liability company or partnership duly organized
and validly existing under the laws of the jurisdiction of its organization and (ii) has all necessary power and authority
to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this
Agreement and the consummation of the transactions contemplated hereby by such Stockholder has been duly authorized by all necessary
corporate, limited liability or partnership action on the part of such Stockholder, as applicable. This Agreement, assuming due
authorization, execution and delivery hereof by the Company, constitutes a legal, valid and binding obligation of such Stockholder,
enforceable against such Stockholder in accordance with its terms (except as such enforceability may be limited by bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and other similar laws of general applicability relating to or affecting
creditor’s rights, and to general equitable principles).

 

    - 3 -

     

    

 

Section 4.2 Ownership
of Shares. Schedule I hereto sets forth opposite such Stockholder’s name the number of all of the shares of Common Stock
and the number of all of the HCAC Warrants over which such Stockholder has beneficial ownership as of the date hereof. As of the
date hereof, such Stockholder is the lawful owner of the shares of Common Stock and HCAC Warrants denoted as being owned by such
Stockholder on Schedule I and has the sole power to vote or cause to be voted such shares of Common Stock and, assuming the exercise
of the HCAC Warrants, the shares of Common Stock underlying such HCAC Warrants. Such Stockholder has good and valid title to the
Common Stock and HCAC Warrants denoted as being owned by such Stockholder on Schedule I, free and clear of any and all pledges,
charges, proxies, voting agreements, Liens, adverse claims, options and demands of any nature or kind whatsoever, other than those
created by this Agreement, those imposed by the Insider Letter and those imposed by applicable Law, including federal and state
securities Laws. There are no claims for finder’s fees or brokerage commissions or other like payments in connection with
this Agreement or the transactions contemplated hereby payable by such Stockholder pursuant to arrangements made by such Stockholder.
Except for the shares of Common Stock and Warrants denoted on Schedule I, as of the date of this Agreement, such Stockholder is
not a beneficial owner or record holder of any (i) equity securities of HCAC, (ii) securities of HCAC having the right to vote
on any matters on which the holders of equity securities of HCAC may vote or which are convertible into or exchangeable for, at
any time, equity securities of HCAC, or (iii) options or other rights to acquire from HCAC any equity securities or securities
convertible into or exchangeable for equity securities of HCAC.

 

Section 4.3 No
Conflicts.

 

(a)
No filing with, or notification to, any Governmental Authority, and no consent, approval, authorization or permit of any other
person is necessary for the execution of this Agreement by such Stockholder and the consummation by such Stockholder of the transactions
contemplated hereby. If such Stockholder is a natural person, no consent of such Stockholder’s spouse is necessary under
any “community property” or other Laws in order for such Stockholder to enter into and perform its obligations under
this Agreement.

 

(b)
None of the execution and delivery of this Agreement by such Stockholder, the consummation by such Stockholder of the transactions
contemplated hereby or compliance by such Stockholder with any of the provisions hereof shall (i) conflict with or result
in any breach of the organizational documents of such Stockholder, as applicable, (ii) result in, or give rise to, a violation
or breach of or a default under any of the terms of any material contract, understanding, agreement or other instrument or obligation
to which such Stockholder is a Party or by which such Stockholder or any of such Stockholder’s Subject Shares or assets
may be bound, or (iii) violate any applicable order, writ, injunction, decree, Law, statute, rule or regulation of any Governmental
Authority, except for any of the foregoing in clauses (i) through (iii) as would not reasonably be expected to impair
such Stockholder’s ability to perform its obligations under this Agreement in any material respect.

 

Section 4.4
Reliance by the Company. Such Stockholder understands and acknowledges that the Company is entering into the Merger Agreement
in reliance upon the execution and delivery of this Agreement by the Stockholders.

 

Section
4.5 No Inconsistent Agreements. Such Stockholder hereby covenants and agrees that, except for this Agreement, such Stockholder
(a) has not entered into, nor will enter into at any time while this Agreement remains in effect, any voting agreement or voting
trust with respect to such Stockholder’s Subject Shares inconsistent with such Stockholder’s obligations pursuant
to this Agreement, (b) has not granted, nor will grant at any time while this Agreement remains in effect, a proxy, consent or
power of attorney with respect to such Stockholder’s Subject Shares and (c) has not entered into any agreement or knowingly
taken any action (nor will enter into any agreement or knowingly take any action) that would make any representation or warranty
of such Stockholder contained herein untrue or incorrect in any material respect or have the effect of preventing such Stockholder
from performing any of its material obligations under this Agreement.

 

Section
4.6. Stockholder Has Adequate Information. Such Stockholder is a sophisticated stockholder and has adequate information
concerning the business and financial condition of the HCAC and the Company to make an informed decision regarding the Transactions
and has independently and without reliance upon HCAC or the Company and based on such information as such Stockholder has deemed
appropriate, made its own analysis and decision to enter into this Agreement. Such Stockholder acknowledges that the Company has
not made and does not make any representation or warranty, whether express or implied, of any kind or character except as expressly
set forth in this Agreement. Such Stockholder acknowledges that the agreements contained herein with respect to the Subject Shares
held by such Stockholder are irrevocable.

 

    - 4 -

     

    

 

Section
4.7. Absence of Litigation. As of the date hereof, there is no Action pending or, to the knowledge of such Stockholder,
threatened, against such Stockholder that would reasonably be expected to impair the ability of such Stockholder to perform such
Stockholder’s obligations hereunder or to consummate the transactions contemplated hereby.

 

ARTICLE
V

REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

 

The
Company hereby represents and warrants to the Stockholders as follows:

 

Section 5.1 Binding
Agreement. The Company is an exempted company incorporated with limited liability in the Cayman Islands, and is duly organized
and validly existing under the Laws of the Cayman Islands. The Company has all necessary corporate power and authority to execute
and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby by the Company have been duly authorized by all necessary corporate
actions on the part of the Company. This Agreement, assuming due authorization, execution and delivery hereof by the Stockholders,
constitutes a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms
(except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other
similar Laws of general applicability relating to or affecting creditor’s rights, and to general equitable principles).

 

Section 5.2 No
Conflicts.

 

(a)
No filing with, or notification to, any Governmental Authority, and no consent, approval, authorization or permit of any other
person is necessary for the execution of this Agreement by the Company and the consummation by the Company of the transactions
contemplated hereby.

 

(b)
None of the execution and delivery of this Agreement by the Company, the consummation by the Company of the transactions contemplated
hereby or compliance by the Company with any of the provisions hereof shall (i) conflict with or result in any breach of
the organizational documents of the Company, (ii) result in, or give rise to, a violation or breach of or a default under
any of the terms of any material contract, understanding, agreement or other instrument or obligation to which the Company is
a party or by which the Company or any of its assets may be bound, or (iii) violate any applicable order, writ, injunction,
decree, Law, statute, rule or regulation of any Governmental Authority, except for any of the foregoing as would not reasonably
be expected to impair the Company’s ability to perform its obligations under this Agreement in any material respect.

 

ARTICLE
VI

TERMINATION

 

Section 6.1 Termination.
This Agreement shall automatically terminate, without any further action by any of the Parties, and none of the Company or the
Stockholders shall have any rights or obligations hereunder, and this Agreement shall become null and void and have no effect
upon the earliest to occur of: (a) as to each Stockholder, the mutual written consent of the Company and such Stockholder,
(b) the Closing Date (following the performance of the obligations of the Parties required to be performed on the Closing
Date) and (c) the date of termination of the Merger Agreement in accordance with its terms. The termination of this Agreement
in accordance with this Section 6.1 shall not prevent any Party hereunder from seeking any remedies (at law or in equity) against
another Party or relieve such Party from liability for such Party’s breach of any terms of this Agreement. Notwithstanding
anything to the contrary herein, the provisions of this Article VI and Article VII (other than the provisions of Section 7.13,
which shall terminate) shall survive the termination, in accordance with this Section 6.1, of this Agreement.

 

    - 5 -

     

    

 

ARTICLE
VII

MISCELLANEOUS

 

Section 7.1 Further
Assurances. From time to time, at the other Party’s request and without further consideration, each Party shall execute
and deliver such additional documents and take all such further action as may be reasonably necessary or desirable to consummate
the transactions contemplated by this Agreement.

 

Section 7.2 Fees
and Expenses. Each of the Parties shall be responsible for its own fees and expenses (including, the fees and expenses of
investment bankers, accountants and counsel) in connection with the entering into of this Agreement and the consummation of the
transactions contemplated hereby.

 

Section 7.3 No
Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in the Company any direct or indirect ownership
or incidence of ownership of or with respect to any Subject Shares.

 

Section 7.4 Amendments,
Waivers. This Agreement may not be amended except by an instrument in writing signed by each of the Parties hereto. At any
time prior to the Effective Time, (a) the Stockholders may (i) extend the time for the performance of any obligation
or other act of the Company, (ii) waive any inaccuracy in the representations and warranties of the Company contained herein
or in any document delivered by the Company pursuant hereto and (iii) waive compliance with any agreement of the Company
or any condition to its own obligations contained herein and (b) the Company may (i) extend the time for the performance
of any obligation or other act of any Stockholder, (b) waive any inaccuracy in the representations and warranties of each
Stockholder contained herein or in any document delivered by any Stockholder pursuant hereto and (iii) waive compliance with
any agreement of each Stockholder or any condition to their obligations contained herein. Any such extension or waiver shall be
valid if set forth in an instrument in writing signed by the Party or Parties to be bound thereby.

 

Section 7.5 Notices.
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 email or by registered or certified mail (postage prepaid,
return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as shall
be specified in a notice given in accordance with this Section 7.5):

 

	 	(a)	If
    to the Company:
	 	 	 

Canoo
Holdings Ltd.

c/o
19951 Mariner Avenue

Torrance,
CA 90503

Attention:
Ulrich Kranz and Andrew Wolstan

Email:
ulrich@canoo.com and andrew@canoo.com

 

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

 

Cooley
LLP

101
California Street

5th
Floor

San
Francisco, CA 94111-5800

Attention:
Garth Osterman and Dave Young

Email:
gosterman@cooley.com, dyoung@cooley.com

 

	 	(b)	If
    to any of the Stockholders:

 

Hennessy
Capital Acquisition Corp. IV

3485
North Pines Way, Suite 110

Wilson,
WY 83104

Attention:
Daniel J. Hennessy, Greg Ethridge and Nicholas Petruska

Email:
dhennessy@hennessycapllc.com, gethridge@hennessycapllc.com and npetruska@hennessycapllc.com

 

with
copies (which shall not constitute notice) to:

 

Sidley
Austin LLP

One
South Dearborn

Chicago,
Illinois 60603

Attention:
Jeffrey N. Smith and Dirk W. Andringa

Email:
jnsmith@sidley.com and dandringa@sidley.com

 

    - 6 -

     

    

 

Section 7.6 Headings.
The descriptive headings contained in this Agreement are included for convenience of reference only and shall not affect in any
way the meaning or interpretation of this Agreement.

 

Section 7.7 Severability.
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 or any of the other Transactions 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 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 by this Agreement be
consummated as originally contemplated to the fullest extent possible.

 

Section 7.8 Entire
Agreement; Assignment. This Agreement and the schedules hereto (together with the Transaction Documents to which the Parties
hereto are parties, to the extent referred to herein) constitutes the entire agreement among the Parties with respect to the subject
matter hereof and supersede all prior agreements and undertakings, both written and oral, among the Parties, or any of them, with
respect to the subject matter hereof. Except for transfers permitted by Section 3.1, 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.

 

Section 7.9 Certificates.
Promptly following the date of this Agreement, each Stockholder shall advise HCAC’s transfer agent in writing that such
Stockholder’s Subject Shares are subject to the restrictions set forth herein and, in connection therewith, provide HCAC’s
transfer agent in writing with such information as is reasonable to ensure compliance with such restrictions.

 

Section 7.10 Parties
in Interest. This Agreement shall be binding upon and inure solely to the benefit of each Party, 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.

 

Section 7.11 Interpretation.

 

(a)
Unless the context of this Agreement otherwise requires, (i) words of any gender include each other gender, (ii) words
using the singular or plural number also include the plural or singular number, respectively, (iii) the definitions contained
in this agreement are applicable to the other grammatical forms of such terms, (iv) the terms “hereof,” “herein,”
“hereby,” “hereto” and derivative or similar words refer to this entire Agreement, (v) the terms
“Article,” “Section” and “Schedule” refer to the specified Article, Section or Schedule of
or to this Agreement, (vi) the word “including” means “including without limitation,” (vii) the
word “or” shall be disjunctive but not exclusive, (viii) the word “person” means an individual, corporation,
partnership, limited partnership, limited liability company, syndicate, person (including, without limitation, a “person”
as defined in Section 13(d)(3) of the Exchange Act), trust, association or entity or government, political subdivision, agency
or instrumentality of a government, and references to a person are also to its permitted successors and assigns, (ix), an “affiliate”
of a specified person means a person who, directly or indirectly through one or more intermediaries, controls, is controlled by,
or is under common control with, such specified person, (x) references to agreements and other documents shall be deemed to include
all subsequent amendments and other modifications thereto and references to any Law shall include all rules and regulations promulgated
thereunder and (xi) references to any Law shall be construed as including all statutory, legal, and regulatory provisions consolidating,
amending or replacing such Law.

 

(b)
The language used in this Agreement shall be deemed to be the language chosen by the Parties to express their mutual intent and
no rule of strict construction shall be applied against any Party.

 

    - 7 -

     

    

 

Section 7.12 Governing
Law. 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 legal actions and proceedings arising out of or relating to this
Agreement shall be heard and determined exclusively in any Delaware Chancery Court; provided, that if jurisdiction is not
then available in the Delaware Chancery Court, then any such legal Action may be brought in any federal court located in the State
of Delaware or any other Delaware state court. The Parties hereby (a) irrevocably submit to the exclusive jurisdiction of
the aforesaid courts for themselves and with respect to their respective properties for the purpose of any Action arising out
of or relating to this Agreement brought by any Party, and (b) agree not to commence any Action relating thereto except in
the courts described above in Delaware, other than Actions in any court of competent jurisdiction to enforce any judgment, decree
or award rendered by any such court in Delaware as described herein. Each of the Parties further agrees that notice as provided
herein shall constitute sufficient service of process and the Parties further waive any argument that such service is insufficient.
Each of the Parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense,
counterclaim or otherwise, in any Action arising out of or relating to this Agreement or the transactions contemplated hereby,
(a) any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described herein for any
reason, (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced
in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution
of judgment or otherwise) and (c) that (i) the Action in any such court is brought in an inconvenient forum, (ii) the
venue of such Action is improper or (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such
courts.

 

Section 7.13 Specific
Performance. The Parties agree that irreparable damage would occur if any provision of this Agreement were not performed in
accordance with the terms hereof, and, accordingly, that the Parties shall be entitled to an injunction or injunctions to prevent
breaches of this Agreement or to enforce specifically the performance of the terms and provisions hereof in the Court of Chancery
of the State of Delaware or, if that court does not have jurisdiction, any court of the United States located in the State of
Delaware without proof of actual damages or otherwise, in addition to any other remedy to which they are entitled at law or in
equity as expressly permitted in this Agreement. Each of the Parties hereby further waives (a) any defense in any action
for specific performance that a remedy at law would be adequate and (b) any requirement under any Law to post security or
a bond as a prerequisite to obtaining equitable relief.

 

Section
7.14 Waiver of Jury Trial. Each of the Parties 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 or the transactions contemplated hereby. Each of the Parties (a) 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 that foregoing waiver and (b) 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 7.14.

 

Section 7.15 Counterparts;
Electronic Delivery. This Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission)
in one or more 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. Delivery by email to counsel
for the other Parties of a counterpart executed by a Party shall be deemed to meet the requirements of the previous sentence.

 

Section 7.16 No
Partnership, Agency or Joint Venture. This Agreement is intended to create a contractual relationship between the Stockholders,
on the one hand, and the Company, on the other hand, and is not intended to create, and does not create, any agency, partnership,
joint venture or any like relationship between or among the Parties. Without limiting the generality of the foregoing sentence,
each of the Stockholders (a) is entering into this Agreement solely on its own behalf and shall not have any obligation to
perform on behalf of any other holder of Common Stock or any liability (regardless of the legal theory advanced) for any breach
of this Agreement by any other holder of Common Stock and (b) by entering into this Agreement does not intend to form a “group”
for purposes of Rule 13d-5(b)(1) of the Exchange Act or any other similar provision of applicable Law. Each of the Stockholders
has acted independently regarding its decision to enter into this Agreement and regarding its investment in HCAC.

 

[Remainder
of Page Intentionally Left Blank]

 

    - 8 -

     

    

 

IN
WITNESS WHEREOF, the Company and the Stockholders have caused this Agreement to be duly executed as of the day and year first
above written.

 

	 	CANOO HOLDINGS LTD.
	 	 
	 	By:	/s/ Ulrich Kranz
	 	Name: 	Ulrich Kranz
	 	Title:	Chief Executive Officer

 

[Signature Page to Voting and Support Agreement]

 

    - 9 -

     

    

 

IN
WITNESS WHEREOF, the Company and the Stockholders have caused this Agreement to be duly executed as of the day and year first
above written.

 

	 	HENNESSY CAPITAL PARTNERS IV LLC
	 	 	 
	 	By:	Hennessy Capital LLC, its manager
	 	 	 
	 	By:	/s/ Daniel J. Hennessy
	 	Name: 	Daniel J. Hennessy
	 	Title:	Managing Member

  

	 	/s/ Greg Ethridge
	 	GREG ETHRIDGE
	 	 
	 	
        /s/ Nicholas A. Petruska

	 	NICHOLAS PETRUSKA
	 	 
	 	
        /s/ Juan Carlos Mas 

	 	JUAN CARLOS MAS
	 	 
	 	
        /s/ Gretchen W. McClain 

	 	GRETCHEN W. MCCLAIN
	 	 
	 	
        /s/ Richard Burns 

	 	RICHARD BURNS
	 	 
	 	
        /s/ Bradley Bell 

	 	BRADLEY BELL
	 	 
	 	
        /s/ Peter Shea 

	 	PETER SHEA
	 	 
	 	
        /s/ James F O’Neil III 

	 	JAMES F O’NEIL III

 

[Signature Page to Voting and Support Agreement]

 

    - 10 -

     

    

 

SCHEDULE
I

 

Beneficial
Ownership of Securities

 

	Stockholder	 	Number of Shares of Class B Common Stock	 	 	Number of Warrants	 
	Hennessy Capital Partners IV LLC	 	 	5,656,820	 	 	 	11,739,394	 
	Greg Ethridge	 	 	225,000	 	 	 	—	 
	Nicholas Petruska	 	 	300,000	 	 	 	—	 
	Bradley Bell	 	 	75,000	 	 	 	—	 
	Richard Burns	 	 	75,000	 	 	 	—	 
	Juan Carlos Mas	 	 	75,000	 	 	 	—	 
	Gretchen W. McClain	 	 	75,000	 	 	 	—	 
	James F. O’Neil III	 	 	75,000	 	 	 	—	 
	Peter Shea	 	 	75,000	 	 	 	—	 
	Total	 	 	6,631,820	 	 	 	11,739,394	 

 

 

-
11 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}]]