Document:

EX-10.2

 Exhibit 10.2 

FIRST AMENDMENT TO 
 SALE
AND SERVICING AGREEMENT 
 This First Amendment to Sale and Servicing Agreement, dated as of August 16, 2021 (this
“Amendment”), is by and among Santander Drive Auto Receivables LLC, as seller (the “Seller”), and Santander Consumer USA Inc. (“SC”), as servicer (in such capacity, the “Servicer”).

 WHEREAS, Drive Auto Receivables Trust 2017-3, as issuer (the “Issuer”), the
Seller, the Servicer, and Wilmington Trust, National Association, as indenture trustee (the “Indenture Trustee”) are parties to that certain Sale and Servicing Agreement, dated as of October 25, 2017 (as amended, supplemented
and modified from time to time, the “Sale and Servicing Agreement”); 
 WHEREAS, the Seller and the Servicer desire to
amend the Sale and Servicing Agreement as set forth herein; 
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 SECTION 1. Definitions. Capitalized terms used
in this Amendment and not otherwise defined herein shall have the meanings assigned thereto in the Sale and Servicing Agreement, as amended hereby. 

SECTION 2. Amendments. Effective as of August 16, 2021, the Sale and Servicing Agreement is hereby amended as follows: 

(a) Section 3.2(a) is hereby amended by deleting the phrase “(B) in connection with a settlement in the event the Receivable
becomes a Defaulted Receivable” where it appears therein and replacing it with the phrase “(B) in connection with a modification, adjustment or settlement in the event the Receivable becomes a Severely Distressed Receivable”. 

(b) The following definition of “Severely Distressed Receivable” is added to Appendix A in the appropriate alphabetical order: 

““Severely Distressed Receivable” means, as of any date of determination, a Receivable (other than a Repurchased
Receivable) (i) that is 60 or more days delinquent or, if less than 60 days delinquent, the related Obligor has experienced a hardship and, in the judgment of the Servicer in accordance with its Customary Servicing Practices, it is reasonably
foreseeable that the Obligor will be unable to pay the Principal Balance of, and accrued and unpaid interest and fees on, such Receivable in accordance with its terms, (ii) that is a Defaulted Receivable, (iii) for which the Obligor is the
subject of a bankruptcy or other insolvency proceeding, (iv) for which the related Financed Vehicle has been repossessed (or for which the Servicer has initiated repossession proceedings), (v) for which the related Financed Vehicle has been
subject to theft or suffered destruction or damage that would be determined to be beyond repair in accordance with Customary Servicing Practices or (vi) for which the maturity date is in less than six months and, in the judgment of the Servicer
in accordance with its Customary Servicing Practices, it is reasonably foreseeable that the Obligor will be unable to pay the Principal Balance of, and accrued and unpaid interest and fees on, such Receivable by the maturity date.” 

  

					
		 		  	 DRIVE 2017-3: Amendment to

Sale and Servicing Agreement

 SECTION 3. Miscellaneous. The Sale and Servicing Agreement, as amended hereby, remains in
full force and effect. Any reference to the Sale and Servicing Agreement from and after the date hereof shall be deemed to refer to the Sale and Servicing Agreement as amended hereby, unless otherwise expressly stated. This Amendment shall be valid,
binding, and enforceable against a party only when executed by an authorized individual on behalf of the party by means of (i) an electronic signature that complies with the federal Electronic Signatures in Global and National Commerce Act,
state enactments of the Uniform Electronic Transactions Act, and/or any other relevant electronic signatures law, in each case to the extent applicable; (ii) an original manual signature; or (iii) a faxed, scanned, or photocopied manual
signature. Each electronic signature or faxed, scanned, or photocopied manual signature shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature. Each party hereto shall be entitled
to conclusively rely upon, and shall have no liability with respect to, any electronic signature or faxed, scanned, or photocopied manual signature of any other party and shall have no duty to investigate, confirm or otherwise verify the validity or
authenticity thereof. This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts shall, together, constitute only one instrument. Notwithstanding the foregoing, with
respect to any notice provided for in this Amendment or any instrument required or permitted to be delivered hereunder, any party hereto receiving or relying upon such notice or instrument shall be entitled to request execution thereof by original
manual signature as a condition to the effectiveness thereof. This Amendment shall be governed by and construed in accordance with the internal, substantive laws of the State of New York without reference to the rules thereof relating to
conflicts of law, other than Sections 5-1401 and 5-1402 of the New York General Obligations Law, and the obligations, rights and remedies of the parties hereunder shall
be determined in accordance with such laws. 
 [Signatures follow] 

  

					
		 	2	  	 DRIVE 2017-3: Amendment to

Sale and Servicing Agreement

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	SANTANDER DRIVE AUTO RECEIVABLES LLC, as Seller
		
	By:	 	 /s/ Mark McCastlain

	Name: Mark McCastlain
	Title: Vice President
	
	SANTANDER CONSUMER USA INC., as Servicer
		
	By:	 	 /s/ Corey Henry

	Name: Corey Henry
	Title: Vice President

  

					
		 	S-1	  	 DRIVE 2017-3: Amendment to

Sale and Servicing AgreementExhibit 10.1

 

AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

THIS AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT
(this “Agreement”), dated as of August 12, 2021, is made and entered into by and among Momentus Inc., a Delaware
corporation, formerly known as Stable Road Acquisition Corp., a Delaware Corporation (the “Company”), SRC-NI
Holdings, LLC, a Delaware limited liability company (the “Sponsor”), the undersigned parties listed as Existing
Holders on the signature pages hereto (each such party, together with the Sponsor and any person or entity deemed an “Existing Holder”
who hereafter becomes a party to this Agreement pursuant to Section 5.2 of this Agreement, an “Existing Holder”
and collectively the “Existing Holders”) and the undersigned parties listed as New Holders on the signature
pages hereto (each such party, together with any person or entity deemed a “New Holder” who hereafter becomes a party to this
Agreement pursuant to Section 5.2 of this Agreement, a “New Holder” and collectively the “New
Holders”). Capitalized terms used but not otherwise defined in this Agreement shall have the meaning ascribed to such terms
in the Merger Agreement (as defined below).

 

RECITALS

 

WHEREAS, on November 7, 2019, the Company,
the Sponsor and Cantor entered into that certain Registration Rights Agreement (the “Existing Registration Rights Agreement”),
pursuant to which the Company granted the Existing Holders certain registration rights with respect to certain securities of the Company;

 

WHEREAS, the Company has entered into that
certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of October 7, 2020, by and among the
Company, Project Marvel First Merger Sub, Inc., a Delaware corporation, Project Marvel Second Merger Sub, LLC, a Delaware limited liability
company, and Momentus Inc., a Delaware corporation;

 

WHEREAS, upon the closing of the transactions
contemplated by the Merger Agreement and subject to the terms and conditions set forth therein, the Existing Holders and New Holders will
hold shares of Class A common stock, par value $0.00001 per share, of the Company (“Class A Common Stock”),
in each case, in such amounts and subject to such terms and conditions as set forth in the Merger Agreement;

 

WHEREAS, pursuant to Section 5.5
of the Existing Registration Rights Agreement, the provisions, covenants and conditions set forth therein may be amended or modified upon
the written consent of the Company and the holders of a majority-in-interest of the “Registrable Securities” (as such term
was defined in the Existing Registration Rights Agreement) at the time in question; and

 

WHEREAS, the Company and Sponsor desire
to amend and restate the Existing Registration Rights Agreement in order to provide the Existing Holders and the New Holders certain registration
rights with respect to certain securities of the Company, as set forth in this Agreement.

 

NOW, THEREFORE, in consideration
of the representations, covenants and agreements contained herein, and certain other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

    

     

    

 

Article
I

DEFINITIONS

 

1.1 Definitions.
The terms defined in this Article I shall, for all purposes of this Agreement, have the respective meanings set forth below:

 

“Adverse Disclosure”
shall mean any public disclosure of material non-public information, which disclosure, in the good faith judgment of the Chief Executive
Officer or principal financial officer of the Company, after consultation with counsel to the Company, (i) would be required to be made
in any Registration Statement or Prospectus in order for the applicable Registration Statement or Prospectus not to contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements contained therein (in the case of any prospectus
and any preliminary prospectus, in the light of the circumstances under which they were made) not misleading, (ii) would not be required
to be made at such time if the Registration Statement were not being filed, and (iii) the Company has a bona fide business purpose for
not making such information public.

 

“Affiliate” shall mean,
with respect to any person or entity, any other person or entity who, directly or indirectly, controls, is controlled by, or is under
direct or indirect common control with, such person or entity, and “control,” when used with respect to any
specified person or entity, shall mean the power to direct or cause the direction of the management and policies of such person or entity,
directly or indirectly, whether through ownership of voting securities or partnership or other ownership interests, by contract or otherwise.

 

“Agreement” shall have
the meaning given in the Preamble.

 

“Block Trade” means an
offering and/or sale of Registrable Securities by any Holder on a block trade or underwritten basis (whether firm commitment or otherwise)
not involving a “road show” and without other substantial marketing efforts prior to pricing, including, without limitation,
a same day trade, overnight trade or similar transaction.

 

“Board” shall mean the
Board of Directors of the Company.

 

“Cantor” shall mean Cantor
Fitzgerald & Co.

 

“Cantor Private Placement Units”
shall mean the units purchased by Cantor pursuant to that certain Unit Subscription Agreement, by and between the Company and Cantor,
dated as of November 7, 2019, each unit consisting of one share of Class A Common Stock and one-half of one warrant to purchase one share
of Class A Common Stock.

 

“Class A Common Stock”
shall have the meaning given in the Recitals hereto.

 

“Class B Common Stock”
shall mean Class B common stock, par value $0.00001 per share, of the Company.

 

    2

     

    

 

“Commission” shall mean
the Securities and Exchange Commission.

 

“Company” shall have
the meaning given in the Preamble.

 

“Company Shelf Takedown Notice”
shall have the meaning given in subsection 2.1.3.

 

“Demand Registration”
shall have the meaning given in subsection 2.2.1.

 

“Demanding Holder” shall
have the meaning given in subsection 2.2.1.

 

“Effectiveness Deadline”
shall have the meaning given in subsection 2.1.1.

 

“Exchange Act” shall
mean the Securities Exchange Act of 1934, as it may be amended from time to time.

 

“Existing Holders” shall
have the meaning in the Preamble.

 

“Existing Registration Rights Agreement”
shall have the meaning given in the Recitals hereto.

 

“Form S-1 Shelf” shall
have the meaning given in subsection 2.1.1.

 

“Form S-3 Shelf” shall
have the meaning given in subsection 2.1.1.

 

“Founder Lock-Up Period”
shall mean, with respect to the Founder Shares held by the Existing Holders or its Permitted Transferees, the period ending on the earlier
of (A) six (6) months after the date hereof or (B) the first date the closing price of the Class A Common Stock equals or exceeds $12.00
per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any twenty (20) trading
days within any thirty (30)-trading day period commencing after the date hereof or (C) the date on which the Company completes a liquidation,
merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having
the right to exchange their shares of Class A Common Stock for cash, securities or other property.

 

“Founder Shares” shall
mean all shares of Class B Common Stock that are issued and outstanding as of the date hereof and owned by the Sponsor or its Permitted
Transferees (including SRAC PIPE Partners LLC), and all shares of Class A Common Stock issued upon conversion thereof.

 

“Holders” shall mean
the Existing Holders and the New Holders and any person or entity who hereafter becomes a party to this Agreement pursuant to Section
5.2.

 

“Insider Letter” shall
mean that certain letter agreement, dated as of November 7, 2019, by and among the Company, the Sponsor and each of the Company’s
officers, directors and director nominees, as amended, restated or otherwise modified from time to time (including pursuant to that certain
letter agreement, dated as of October 7, 2020, by and between the Sponsor, the Company and the other parties thereto).

 

    3

     

    

 

“Lock-Up Period” shall
mean the Founder Lock-Up Period and the Private Placement Lock-Up Period, as applicable.

 

“Maximum Number of Securities”
shall have the meaning given in subsection 2.2.4.

 

“Misstatement” shall
mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement
or Prospectus, or necessary to make the statements in a Registration Statement or Prospectus (in the light of the circumstances under
which they were made) not misleading.

 

“New Holders” shall have
the meaning given in the Preamble.

 

“Permitted Transferees”
shall mean (a) with respect to an Existing Holder and its respective Permitted Transferees, any person or entity to whom a Holder of Registrable
Securities is permitted to transfer such Registrable Securities prior to the expiration of the Founder Lock-Up Period or the Private Placement
Lock-Up Period, as the case may be, under the Insider Letter, this Agreement and any other applicable agreement between such Holder and
the Company, and to any transferee thereafter, provided, that Permitted Transferees shall also include (i) any Affiliate
of such Existing Holder or (ii) a trust for the benefit of such Existing Holder or the stockholders or general and limited partners of
such Existing Holder, and (b) with respect to a New Holder and its respective Permitted Transferees, to any of such New Holder’s
Affiliates or to any fund or investment account managed by such New Holder or the same management company that manages such New Holder,
provided that such transferee to which a transfer is being made pursuant to clause (a) or (b) above, if not a Holder, enters into a written
agreement with the Company agreeing to be bound by the restrictions herein and receive the rights granted to such Holder herein.

 

“Piggyback Registration”
shall have the meaning given in subsection 2.3.1.

 

“Private Placement Lock-Up Period”
shall mean, with respect to Private Placement Units that are held by the initial purchasers of such Private Placement Units or their Permitted
Transferees, and any of the securities underlying the Private Placement Units, including the Private Placement Shares, the Private Placement
Warrants and the Class A Common Stock issued or issuable upon the exercise of the Private Placement Warrants and that are held by the
initial purchasers of the Private Placement Units or their Permitted Transferees, the period ending thirty (30) days after the date hereof.

 

“Private Placement Shares”
shall mean the shares of Class A Common Stock comprising the Private Placement Units.

 

“Private Placement Units”
shall mean the Sponsor Private Placement Units and the Cantor Private Placement Units.

 

“Private Placement Warrants”
shall mean the warrants comprising the Private Placement Units.

 

“Pro Rata” shall have
the meaning given in subsection 2.2.4.

 

    4

     

    

 

“Prospectus” shall mean
the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended by any and
all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Registrable Security”
shall mean (a) the shares of Class A Common Stock issued or issuable upon the conversion of any Founder Shares, (b) the Private Placement
Units (including the Private Placement Shares, the Private Placement Warrants and the Class A Common Stock issued or issuable upon the
exercise of the Private Placement Warrants), (c) any issued and outstanding share of Class A Common Stock or any other equity security
(including the shares of Class A Common Stock issued or issuable upon the exercise of any other equity security) of the Company held by
an Existing Holder as of the date of this Agreement, (d) any outstanding shares of Class A Common Stock or any other equity security of
the Company held by a New Holder (i) as of the date of this Agreement (including the shares of Class A Common Stock issued or issuable
upon the exercise of any such other equity security) or (ii) that are otherwise issued in connection with the transactions contemplated
by the Merger Agreement and (e) any other equity security of the Company issued or issuable with respect to any such share of Class A
Common Stock described in the foregoing clauses (a) through (d) by way of a stock dividend or stock split or in connection with a combination
of shares, recapitalization, merger, consolidation or reorganization; provided, however, that, as to any particular Registrable
Security, such securities shall cease to be Registrable Securities when: (A) a Registration Statement with respect to the sale of such
securities shall have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or
exchanged in accordance with such Registration Statement; (B) such securities shall have been otherwise transferred, new certificates
for such securities not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution
of such securities shall not require registration under the Securities Act; (C) such securities shall have ceased to be outstanding; or
(D) such securities may be sold without registration pursuant to Rule 144 promulgated under the Securities Act (or any successor rule
promulgated thereafter by the Commission) (“Rule 144”) (but with no volume or other restrictions or limitations);
provided, further, that any security that ceases to be a Registrable Security pursuant to clause (D) above shall again be
treated as a Registrable Security if at any point such security may no longer be sold without registration pursuant to Rule 144 without
any volume or other restrictions or limitations.

 

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

 

“Registration Expenses”
shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

 

(A) all
registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority,
Inc.) and any securities exchange on which the Class A Common Stock is then listed;

 

(B) fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel for the Underwriters
in connection with blue sky qualifications of Registrable Securities);

 

    5

     

    

 

(C) printing,
messenger, telephone and delivery expenses;

 

(D) reasonable
fees and disbursements of counsel for the Company;

 

(E) reasonable
fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with such Registration;
and

 

(F) reasonable
fees and expenses of (i) one (1) legal counsel selected by the majority-in-interest of the Demanding Holders initiating a Demand Registration
to be registered for offer and sale in the applicable Registration not to exceed $50,000 per Demand Registration and (ii) one (1) legal
counsel selected by the Sponsor (if the Sponsor is participating in a Demand Registration but is not the majority-in-interest of the Demanding
Holdings) for the purpose of delivering any required legal opinion on behalf of the Sponsor not to exceed $25,000 per Demand Registration,
but only payable in the event legal opinion on behalf of Sponsor is required.

 

“Registration Statement”
shall mean any registration statement that covers the Registrable Securities required to be filed pursuant to Article II of this Agreement,
including the Prospectus included in such registration statement, amendments (including post-effective amendments) and supplements to
such registration statement, and all exhibits to and all material incorporated by reference in such registration statement.

 

“Requesting Holder” shall
have the meaning given in subsection 2.2.1.

 

“Restricted Shares” shall
have the meaning given in subsection 3.6.1.

 

“Rule 144” shall have
the meaning given in the definition of “Registrable Securities.”

 

“Rule 415” shall have
the meaning given in subsection 2.1.1.

 

“Securities Act” shall
mean the Securities Act of 1933, as amended from time to time.

 

“Shelf Takedown Notice”
shall have the meaning given in subsection 2.1.3.

 

“Shelf Underwritten Offering”
shall have the meaning given in subsection 2.1.3.

 

“Sponsor” shall have
the meaning given in the Preamble.

 

“Sponsor Private Placement Units”
shall mean the units purchased by the Sponsor pursuant to that certain Unit Subscription Agreement, by and between the Company and the
Sponsor, dated as of November 7, 2019, each unit consisting of one share of Class A Common Stock and one-half of one warrant to purchase
one share of Class A Common Stock.

 

“Underwriter” shall mean
a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such dealer’s
market-making activities.

 

“Underwritten Registration”
or “Underwritten Offering” shall mean a Registration in which securities of the Company are sold to an Underwriter
in a firm commitment underwriting for distribution to the public.

 

    6

     

    

 

Article
II

REGISTRATIONS

 

2.1 Shelf
Registration.

 

2.1.1 Initial
Registration. The Company shall, as soon as practicable, but in any event within thirty (30) days after the consummation of the transactions
contemplated by the Merger Agreement, file a Registration Statement under the Securities Act to permit the public resale of all the Registrable
Securities held by the Holders from time to time as permitted by Rule 415 under the Securities Act (or any successor or similar provision
adopted by the Commission then in effect) (“Rule 415”) on the terms and conditions specified in this subsection
2.1.1 and shall use its reasonable best efforts to cause such Registration Statement to be declared effective as soon as practicable
after the filing thereof, but in no event later than the earlier of (i) sixty (60) days following the filing deadline (or ninety (90)
days after the filing deadline if the Registration Statement is reviewed by, and receives comments from, the Commission) and (ii) five
(5) business days after the date the Company is notified (orally or in writing, whichever is earlier) by the Commission that the Registration
Statement will not be “reviewed” or will not be subject to further review (such earlier date, the “Effectiveness
Deadline”). The Registration Statement filed with the Commission pursuant to this subsection 2.1.1 shall be a shelf
registration statement on Form S-3 (a “Form S-3 Shelf”) or, if Form S-3 is not then available to the Company,
on Form S-1 (a “Form S-1 Shelf”) or such other form of registration statement as is then available to effect
a registration for resale of such Registrable Securities, covering such Registrable Securities, and shall contain a Prospectus in such
form as to permit any Holder to sell such Registrable Securities pursuant to Rule 415 at any time beginning on the effective date for
such Registration Statement. A Registration Statement filed pursuant to this subsection 2.1.1 shall provide for the resale pursuant
to any method or combination of methods legally available to, and requested by, the Holders. The Company shall use its reasonable best
efforts to cause a Registration Statement filed pursuant to this subsection 2.1.1 to remain effective, and to be supplemented and
amended to the extent necessary to ensure that such Registration Statement is available or, if not available, that another Registration
Statement is available, for the resale of all the Registrable Securities held by the Holders until all such Registrable Securities have
ceased to be Registrable Securities. As soon as practicable following the effective date of a Registration Statement filed pursuant to
this subsection 2.1.1, but in any event within five (5) business days of such date, the Company shall notify the Holders of the
effectiveness of such Registration Statement. When effective, a Registration Statement filed pursuant to this subsection 2.1.1
(including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements
of the Securities Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary to make the statements therein not misleading (in the case of any Prospectus contained in such Registration Statement,
in the light of the circumstances under which such statement is made).

 

2.1.2 Form
S-3 Shelf. If the Company files a Form S-1 Shelf and thereafter the Company becomes eligible to use Form S-3 for secondary sales,
the Company shall use its reasonable best efforts to file a Form S-3 Shelf as promptly as practicable to replace the shelf registration
statement that is a Form S-1 Shelf and have the Form S-3 Shelf declared effective as promptly as practicable and to cause such Form S-3
Shelf to remain effective, and to be supplemented and amended to the extent necessary to ensure that such Registration Statement is available
or, if not available, that another Registration Statement is available, for the resale of all the Registrable Securities held by the Holders
until all such Registrable Securities have ceased to be Registrable Securities.

 

    7

     

    

 

2.1.3 Shelf
Takedown. At any time and from time to time following the effectiveness of the shelf registration statement required by subsection
2.1.1 or 2.1.2, any Holder may request to sell all or a portion of their Registrable Securities in an underwritten offering
that is registered pursuant to such shelf registration statement, including a Block Trade if the Company files a Form S-3 Shelf and is
eligible to use Form S-3 for secondary sales (a “Shelf Underwritten Offering”), provided, that such Holder(s)
(a) reasonably expect aggregate gross proceeds from all Holders participating in such Shelf Underwritten Offering to exceed $10,000,000
or (b) reasonably expects to sell all of the Registrable Securities held by such Holder in such Shelf Underwritten Offering. All requests
for a Shelf Underwritten Offering shall be made by giving written notice to the Company (the “Shelf Takedown Notice”).
Each Shelf Takedown Notice shall specify the approximate number of Registrable Securities proposed to be sold in the Shelf Underwritten
Offering and the expected price range (net of underwriting discounts and commissions) of such Shelf Underwritten Offering. Except with
respect to a Block Trade requested pursuant to Section 2.5, within two (2) business days after receipt of any Shelf Takedown Notice, the
Company shall give written notice of such requested Shelf Underwritten Offering to all other Holders of Registrable Securities (the “Company
Shelf Takedown Notice”) and, subject to the provisions of Section 2.2.4, shall include in such Shelf Underwritten
Offering all Registrable Securities with respect to which the Company has received written requests for inclusion therein, within four
(4) days after sending the Company Shelf Takedown Notice. The Company shall enter into an underwriting agreement in a form as is customary
in Underwritten Offerings of securities by the Company with the managing Underwriter or Underwriters selected by the Holders after consultation
with the Company and shall take all such other reasonable actions as are requested by the managing Underwriter or Underwriters in order
to expedite or facilitate the disposition of such Registrable Securities. In connection with any Shelf Underwritten Offering contemplated
by this subsection 2.1.3, subject to Section 3.3 and Article IV, the underwriting agreement into which each Holder
and the Company shall enter shall contain such representations, covenants, indemnities and other rights and obligations of the Company
and the selling stockholders as are customary in underwritten offerings of securities by the Company.

 

2.1.4 Holder
Information Required for Participation in Shelf Registration. At least ten (10) business days prior to the first anticipated filing
date of a Registration Statement pursuant to this Article II, the Company shall use reasonable efforts to notify each Holder in
writing (which may be by email) of the information reasonably necessary about the Holder to include such Holder’s Registrable Securities
in such Registration Statement. Notwithstanding anything else in this Agreement, the Company shall not be obligated to include such Holder’s
Registrable Securities to the extent the Company has not received such information, and received any other reasonably requested agreements
or certificates, on or prior to the fifth (5th) business day prior to the first anticipated filing date of a Registration Statement pursuant
to this Article II.

 

    8

     

    

 

2.2 Demand
Registration.

 

2.2.1 Request
for Registration. Subject to the provisions of subsection 2.2.4 hereof and provided that the Company does not have an effective
Registration Statement pursuant to subsection 2.1.1 outstanding covering Registrable Securities, following the expiration of the
applicable Lock-Up Period, (a) the Existing Holders of at least a majority in interest of the then-outstanding number of Registrable Securities
held by the Existing Holders or (b) the New Holders of at least a majority-in-interest of the then-outstanding number of Registrable Securities
held by the New Holders (the “Demanding Holders”), in each case, may make a written demand for Registration
of all or part of their Registrable Securities, which written demand shall describe the amount and type of securities to be included in
such Registration and the intended method(s) of distribution thereof (such written demand a “Demand Registration”).
The Company shall, within ten (10) days of the Company’s receipt of the Demand Registration, notify, in writing, all other Holders
of Registrable Securities of such demand, and each Holder of Registrable Securities who thereafter wishes to include all or a portion
of such Holder’s Registrable Securities in a Registration pursuant to a Demand Registration (each such Holder that includes all
or a portion of such Holder’s Registrable Securities in such Registration, a “Requesting Holder”) shall
so notify the Company, in writing, within five (5) days after the receipt by the Holder of the notice from the Company. Upon receipt by
the Company of any such written notification from a Requesting Holder(s) to the Company, such Requesting Holder(s) shall be entitled to
have their Registrable Securities included in a Registration pursuant to a Demand Registration and the Company shall effect, as soon thereafter
as practicable, but not more than sixty (60) days immediately after the Company’s receipt of the Demand Registration, the Registration
of all Registrable Securities requested by the Demanding Holders and Requesting Holders pursuant to such Demand Registration. Under no
circumstances shall the Company be obligated to effect more than (x) an aggregate of three (3) Registrations pursuant to a Demand Registration
by the Existing Holders under this subsection 2.2.1 with respect to any or all Registrable Securities held by such Existing Holders
and (y) an aggregate of three (3) Registrations pursuant to a Demand Registration by the New Holders under this subsection 2.2.1
with respect to any or all Registrable Securities held by such New Holders. Notwithstanding the foregoing, (i) the Company shall not be
required to give effect to a Demand Registration from a Demanding Holder if the Company has registered Registrable Securities pursuant
to a Demand Registration from such Demanding Holder in the preceding one hundred and eighty (180) days, or (ii) the Company’s obligations
with respect to any Demand Registration shall be deemed satisfied so long as the Registration Statement filed pursuant to subsection
2.1.1 includes all of such Demanding Holder’s Registrable Securities and is effective.

 

2.2.2 Effective
Registration. Notwithstanding the provisions of subsection 2.2.1 above or any other part of this Agreement, a Registration
pursuant to a Demand Registration shall not count as a Registration unless and until (i) the Registration Statement filed with the Commission
with respect to a Registration pursuant to a Demand Registration has been declared effective by the Commission and (ii) the Company has
complied with all of its obligations under this Agreement with respect thereto; provided, further, that if, after such Registration
Statement has been declared effective, an offering of Registrable Securities in a Registration pursuant to a Demand Registration is subsequently
interfered with by any stop order or injunction of the Commission, federal or state court or any other governmental agency, the Registration
Statement with respect to such Registration shall be deemed not to have been declared effective, unless and until, (i) such stop order
or injunction is removed, rescinded or otherwise terminated, and (ii) a majority-in-interest of the Demanding Holders initiating such
Demand Registration thereafter affirmatively elect to continue with such Registration and accordingly notify the Company in writing, but
in no event later than five (5) days, of such election; and provided, further, that the Company shall not be obligated or
required to file another Registration Statement until the Registration Statement that has been previously filed with respect to a Registration
pursuant to a Demand Registration becomes effective or is subsequently terminated.

 

    9

     

    

 

2.2.3 Underwritten
Offering. Subject to the provisions of subsection 2.2.4, if a majority-in-interest of the Demanding Holders so advise the Company
as part of their Demand Registration that the offering of the Registrable Securities pursuant to such Demand Registration shall be in
the form of an Underwritten Offering, then the right of such Demanding Holder or Requesting Holder (if any) to include its Registrable
Securities in such Registration shall be conditioned upon such Holder’s participation in such Underwritten Offering and the inclusion
of such Holder’s Registrable Securities in such Underwritten Offering to the extent provided herein. All such Holders proposing
to distribute their Registrable Securities through an Underwritten Offering under this subsection 2.2.3 shall enter into an underwriting
agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the majority-in-interest of the Demanding
Holders initiating the Demand Registration, which Underwriter(s) shall be reasonably satisfactory to the Company.

 

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

 

2.2.5 Demand
Registration Withdrawal. Any of the Demanding Holders initiating a Demand Registration or any of the Requesting Holders (if any),
pursuant to a Registration under subsection 2.2.1, shall have the right to withdraw from a Registration pursuant to such Demand
Registration or a Shelf Underwritten Offering pursuant to subsection 2.1.3 for any or no reason whatsoever upon written notification
to the Company and the Underwriter or Underwriters (if any) of their intention to withdraw from such Registration prior to the effectiveness
of the Registration Statement filed with the Commission with respect to the Registration of their Registrable Securities pursuant to such
Demand Registration (or in the case of an Underwritten Registration pursuant to Rule 415, at least five (5) business days prior to the
time of pricing of the applicable offering). Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible
for the Registration Expenses incurred in connection with a Registration pursuant to a Demand Registration or a Shelf Underwritten Offering
prior to its withdrawal under this subsection 2.2.5.

 

    10

     

    

 

2.3 Piggyback
Registration.

 

2.3.1 Piggyback
Rights. If the Company proposes to file a Registration Statement under the Securities Act with respect to an offering of equity securities,
or securities or other obligations exercisable or exchangeable for, or convertible into, equity securities, for its own account or for
the account of stockholders of the Company (or by the Company and by the stockholders of the Company including, without limitation, pursuant
to subsection 2.1.1 or 2.1.2 hereof), other than a Registration Statement (or any registered offering with respect thereto)
(i) filed in connection with any employee stock option or other benefit plan, (ii) for an exchange offer or offering of securities solely
to the Company’s existing stockholders, (iii) for an offering of debt that is convertible into equity securities of the Company,
(iv) for a dividend reinvestment plan or (v) a Block Trade, then the Company shall give written notice of such proposed filing to all
of the Holders of Registrable Securities as soon as practicable but not less than ten (10) days before the anticipated filing date of
such Registration Statement, which notice shall (A) describe the amount and type of securities to be included in such offering, the intended
method(s) of distribution and the name of the proposed managing Underwriter or Underwriters, if any, in such offering, and (B) offer to
all of the Holders of Registrable Securities the opportunity to register the sale of such number of Registrable Securities as such Holders
may request in writing within five (5) days after receipt of such written notice (such Registration a “Piggyback Registration”).
The Company shall, in good faith, cause such Registrable Securities to be included in such Piggyback Registration and shall use its best
efforts to cause the managing Underwriter or Underwriters of a proposed Underwritten Offering to permit the Registrable Securities requested
by the Holders pursuant to this subsection 2.3.1 to be included in a Piggyback Registration on the same terms and conditions as
any similar securities of the Company included in such Registration and to permit the sale or other disposition of such Registrable Securities
in accordance with the intended method(s) of distribution thereof. All such Holders proposing to distribute their Registrable Securities
through an Underwritten Offering under this subsection 2.3.1 shall enter into an underwriting agreement in customary form with
the Underwriter(s) selected for such Underwritten Offering by the Company.

 

2.3.2 Reduction
of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Registration that is to be a Piggyback Registration,
in good faith, advises the Company and the Holders of Registrable Securities participating in the Piggyback Registration in writing that
the dollar amount or number of the Class A Common Stock that the Company desires to sell, taken together with (i) the Class A Common Stock,
if any, as to which Registration has been demanded pursuant to separate written contractual arrangements with persons or entities other
than the Holders of Registrable Securities hereunder (ii) the Registrable Securities as to which registration has been requested pursuant
to Section 2.3 hereof, and (iii) the Class A Common Stock, if any, as to which Registration has been requested pursuant to
separate written contractual piggyback registration rights of other stockholders of the Company, exceeds the Maximum Number of Securities,
then:

 

(a) If
the Registration is undertaken for the Company’s account, the Company shall include in any such Registration (A) first, the Class
A Common Stock or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of
Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable
Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.3.1 hereof,
Pro Rata, which can be sold without exceeding the Maximum Number of Securities; and (C) third, to the extent that the Maximum Number of
Securities has not been reached under the foregoing clauses (A) and (B), the Class A Common Stock, if any, as to which Registration has
been requested pursuant to written contractual piggyback registration rights of other stockholders of the Company, which can be sold without
exceeding the Maximum Number of Securities;

 

(b) If
the Registration is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the Company shall
include in any such Registration (A) first, the Class A Common Stock or other equity securities, if any, of such requesting persons or
entities, other than the Holders of Registrable Securities, which can be sold without exceeding the Maximum Number of Securities; (B)
second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable Securities
of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.3.1, Pro Rata based on the
respective number of Registrable Securities that each Holder has requested be included in such Underwritten Registration and the aggregate
number of Registrable Securities that the Holders have requested to be included in such Underwritten Registration, which can be sold without
exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum Number of Securities has not been reached under
the foregoing clauses (A) and (B), the Class A Common Stock or other equity securities that the Company desires to sell, which can be
sold without exceeding the Maximum Number of Securities; and (D) fourth, to the extent that the Maximum Number of Securities has not been
reached under the foregoing clauses (A), (B) and (C), the Class A Common Stock or other equity securities for the account of other persons
or entities that the Company is obligated to register pursuant to separate written contractual arrangements with such persons or entities,
which can be sold without exceeding the Maximum Number of Securities.

 

    11

     

    

 

2.3.3 Piggyback
Registration Withdrawal. Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback Registration for any
or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of his, her or its intention
to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed with the Commission with respect
to such Piggyback Registration (or in the case of an Underwritten Registration pursuant to Rule 415, at least five (5) business days prior
to the time of pricing of the applicable offering). The Company (whether on its own good faith determination or as the result of a request
for withdrawal by persons pursuant to separate written contractual obligations) may withdraw a Registration Statement filed with the Commission
in connection with a Piggyback Registration at any time prior to the effectiveness of such Registration Statement. Notwithstanding anything
to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with the Piggyback
Registration prior to its withdrawal under this subsection 2.3.3.

 

2.3.4 Unlimited
Piggyback Registration Rights. For purposes of clarity, any Registration effected pursuant to Section 2.3 hereof shall not
be counted as a Registration pursuant to a Demand Registration effected under Section 2.2 hereof or a Shelf Underwritten Offering
effected under subsection 2.1.3.

 

2.4 Restrictions
on Registration Rights. If (A) during the period starting with the date sixty (60) days prior to the Company’s good faith estimate
of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of, a Company initiated
Registration and provided that the Company has delivered written notice to the Holders prior to receipt of a Demand Registration pursuant
to subsection 2.2.1 and it continues to actively employ, in good faith, all reasonable efforts to cause the applicable Registration
Statement to become effective; (B) the Holders have requested an Underwritten Registration and the Company and the Holders are unable
to obtain the commitment of an Underwriter or Underwriters to firmly underwrite the offer; or (C) in the good faith judgment of the Board
such Registration would be seriously detrimental to the Company and the Board concludes as a result that it is essential to defer the
filing of such Registration Statement at such time, then in each case the Company shall furnish to such Holders a certificate signed by
the Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company for such
Registration Statement to be filed in the near future and that it is therefore essential to defer the filing of such Registration Statement.
In such event, the Company shall have the right to defer such filing for a period of not more than sixty (60) days; provided, however,
that the Company shall not defer its obligation in this manner more than once in any twelve (12)-month period.

 

2.5 Block
Trades.

 

2.5.1 Notwithstanding
any other provision of this Article II, but subject to Sections 2.4 and 3.4, at any time and from time to time when an effective Form
S-3 Shelf is on file with the Commission, if one or more Demanding Holders desire to effect a Block Trade with a total offering price
reasonably expected to exceed, in the aggregate, either (x) $15,000,000 or (y) all remaining Registrable Securities held by such Demanding
Holder(s), but in no event less than $10,000,000, then such Demanding Holder(s) shall provide written notice to the Company at least five
(5) business days prior to the date such Block Trade will commence. As expeditiously as possible, the Company shall use its commercially
reasonable efforts to facilitate such Block Trade. The Demanding Holders shall use reasonable best efforts to work with the Company and
the Underwriter(s) (including by disclosing the maximum number of Registrable Securities proposed to be the subject of such Block Trade)
prior to making such request in order to facilitate preparation of the Registration Statement, Prospectus and other offering documentation
related to the Block Trade and any related due diligence and comfort procedures.

 

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2.5.2 Prior
to the filing of the applicable “red herring” prospectus or prospectus supplement used in connection with a Block Trade, a
majority-in-interest of the Demanding Holders initiating such Block Trade shall have the right to withdraw from such Block Trade upon
written notification to the Company and the Underwriter or Underwriters (if any) of their intention to withdraw from such Block Trade.
Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in
connection with a Block Trade prior to its withdrawal under this subsection 2.5.2.

 

2.5.3 Notwithstanding
anything to the contrary in this Agreement, Section 2.3 shall not apply to a Block Trade initiated by a Demanding Holder pursuant to this
Agreement.

 

2.5.4 The
Demanding Holder(s) in a Block Trade shall have the right to select the Underwriter(s) for such Block Trade (which shall consist of one
or more reputable nationally recognized investment banks).

 

2.5.5 A
Holder in the aggregate may demand no more than four (4) Block Trades pursuant to this Section 2.5 in any twelve (12) month period.

 

Article
III

COMPANY PROCEDURES

 

3.1 General
Procedures. If the Company is required to effect the Registration of Registrable Securities, the Company shall use its reasonable
best efforts to effect such Registration to permit the sale of such Registrable Securities in accordance with the intended plan of distribution
thereof, and pursuant thereto the Company shall, as expeditiously as possible:

 

3.1.1 prepare
and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use its reasonable
best efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities covered by
such Registration Statement have been sold;

 

3.1.2 prepare
and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements to the
Prospectus, as may be reasonably requested by a majority-in-interest of the Holders of Registrable Securities registered on such Registration
Statement or any Underwriter of Registrable Securities or as may be required by the rules, regulations or instructions applicable to the
registration form used by the Company or by the Securities Act or rules and regulations thereunder to keep the Registration Statement
effective until all Registrable Securities covered by such Registration Statement are sold in accordance with the intended plan of distribution
set forth in such Registration Statement or supplement to the Prospectus;

 

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3.1.3 prior
to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriter(s),
if any, and each Holder of Registrable Securities included in such Registration, and each such Holder’s legal counsel, copies of
such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including
all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement (including
each preliminary Prospectus), and such other documents as the Underwriter(s) and each Holder of Registrable Securities included in such
Registration or the legal counsel for any such Holders may request in order to facilitate the disposition of the Registrable Securities
owned by such Holders;

 

3.1.4 prior
to any public offering of Registrable Securities, use its reasonable best efforts to (i) register or qualify the Registrable Securities
covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United States
as any Holder of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution) may
request and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered
with or approved by such other governmental authorities as may be necessary by virtue of the business and operations of the Company and
do any and all other acts and things that may be necessary or advisable to enable the Holders of Registrable Securities included in such
Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however,
that the Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required
to qualify or take any action to which it would be subject to general service of process or taxation in any such jurisdiction where it
is not then otherwise so subject;

 

3.1.5 cause
all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar securities issued
by the Company are then listed;

 

3.1.6 provide
a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective date of
such Registration Statement;

 

3.1.7 advise
each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any
stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding
for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order or to obtain its withdrawal if
such stop order should be issued;

 

3.1.8 at
least three (3) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration
Statement or Prospectus or any document that is to be incorporated by reference into such Registration Statement or Prospectus, furnish
a copy thereof to each seller of such Registrable Securities and its counsel, including, without limitation, providing copies promptly
upon receipt of any comment letters received with respect to any such Registration Statement or Prospectus;

 

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3.1.9 notify
the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities Act,
of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes
a Misstatement, and then to correct such Misstatement as set forth in Section 3.4 hereof;

 

3.1.10 permit
a representative of the Holders (such representative to be selected by a majority-in-interest of the participating Holders), the Underwriter(s),
if any, and any attorney or accountant retained by such Holders or Underwriter(s) to participate, at each such person’s own expense,
in the preparation of the Registration Statement, and cause the Company’s officers, directors and employees to supply all information
reasonably requested by any such representative, Underwriter, attorney or accountant in connection with the Registration; provided,
however, that such representative or Underwriter enters into a confidentiality agreement, in form and substance reasonably satisfactory
to the Company, prior to the release or disclosure of any such information; and provided further, the Company may not include the
name of any Holder or Underwriter or any information regarding any Holder or Underwriter in any Registration Statement or Prospectus,
any amendment or supplement to such Registration Statement or Prospectus, any document that is to be incorporated by reference into such
Registration Statement or Prospectus, or any response to any comment letter, without the prior written consent of such Holder or Underwriter
and providing each such Holder or Underwriter a reasonable amount of time to review and comment on such applicable document, which comments
the Company shall include unless contrary to applicable law;

 

3.1.11 obtain
a “comfort” letter from the Company’s independent registered public accountants in the event of an Underwritten Registration
in customary form and covering such matters of the type customarily covered by “comfort” letters as the managing Underwriter(s)
may reasonably request, and reasonably satisfactory to a majority-in-interest of the participating Holders;

 

3.1.12 on
the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain and deliver to the Holders a copy of
an opinion, dated such date, of counsel representing the Company for the purposes of such Registration, addressed to the placement agent
or sales agent, if any, and the Underwriter(s), if any, covering such legal matters with respect to the Registration in respect of which
such opinion is being given as the Underwriter(s) may reasonably request and as are customarily included in such opinions and negative
assurance letters, and reasonably satisfactory to a majority in interest of the participating Holders;

 

3.1.13 in
the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing Underwriter of such offering;

 

    15

     

    

 

3.1.14 make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12)
months beginning with the first (1st) day of the Company’s first full calendar quarter after the effective date of the Registration
Statement which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule promulgated
thereafter by the Commission);

 

3.1.15 if
the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $50,000,000, use its reasonable
efforts to make available senior executives of the Company to participate in customary “road show” presentations that may
be reasonably requested by the Underwriter(s) in any Underwritten Offering; and

 

3.1.16 otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Holders, in connection
with such Registration.

 

3.2 Registration
Expenses. Except as otherwise provided herein, the Registration Expenses of all Registrations shall be borne by the Company. It is
acknowledged by the Holders that the Holders shall bear all incremental selling expenses relating to the sale of Registrable Securities,
such as Underwriters’ commissions and discounts, brokerage fees, Underwriter marketing costs and, other than as set forth in the
definition of “Registration Expenses,” all reasonable fees and expenses of any legal counsel representing the Holders.

 

3.3 Requirements
for Participation in Underwritten Offerings. No person may participate in any Underwritten Offering for equity securities of the Company
pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell such person’s securities on
the basis provided in any underwriting arrangements approved by the Company and (ii) completes and executes all customary questionnaires,
powers of attorney, indemnities, lock-up agreements (subject to subsection 3.6.3 hereof), underwriting agreements and other customary
documents as may be reasonably required under the terms of such underwriting arrangements.

 

3.4 Suspension
of Sales; Adverse Disclosure. Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains
a Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies of
a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare and
file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised in writing by the Company
that the use of the Prospectus may be resumed. If the filing, initial effectiveness or continued use of a Registration Statement in respect
of any Registration at any time would require the Company to make an Adverse Disclosure or would require the inclusion in such Registration
Statement of financial statements that are unavailable to the Company for reasons beyond the Company’s control, the Company may,
upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such
Registration Statement for the shortest period of time, but in no event more than sixty (60) consecutive days or one hundred-twenty (120)
total days in any twelve (12)-month period, determined in good faith by the Company to be necessary for such purpose; provided,
however, that the Company shall not defer its obligations in this manner more than two times in any twelve (12)-month period. In
the event the Company exercises its rights under the preceding sentence, the Holders agree to suspend, immediately upon their receipt
of the notice referred to above, their use of the Prospectus relating to any Registration in connection with any sale or offer to sell
Registrable Securities. The Company shall immediately notify the Holders of the expiration of any period during which it exercised its
rights under this Section 3.4.

 

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3.5 Reporting
Obligations. As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company
under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period)
all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act. The Company
further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from time to
time to enable such Holder to sell shares of the Class A Common Stock held by such Holder without registration under the Securities Act
within the limitation of the exemptions provided by Rule 144, including providing any legal opinions.

 

3.6 Transfer
Restrictions.

 

3.6.1 Except
with respect to a Transfer to a Permitted Transferee, during the applicable Lock-Up Periods, no Existing Holder shall, directly or indirectly,
offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of or distribute (“Transfer”)
any (i) shares of Class A Common Stock or any other shares of the Company’s capital stock, (ii) options or warrants to purchase
any shares of Class A Common Stock or any other shares of the Company’s capital stock or (iii) securities convertible into, exercisable
for, exchangeable for or that represent the right to receive shares of Class A Common Stock or any other shares of the Company’s
capital stock, in each case, whether now owned or hereinafter acquired, that are owned directly by such Existing Holder (including securities
held as a custodian) or with respect to which such Existing Holder has beneficial ownership within the rules and regulations of the SEC
(collectively, the “Restricted Shares”), or publicly disclose the intention to make any offer, sale, pledge,
grant, disposition or transfer of the Restricted Shares. The foregoing restriction is expressly agreed to preclude each Existing Holder
from engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a
sale or disposition of the Restricted Shares even if such Restricted Shares would be disposed of by someone other than such Existing Holder.
Such prohibited hedging or other transactions include any short sale or any purchase, sale or grant of any right (including any put or
call option) with respect to any of the Restricted Shares of the applicable Existing Holder or with respect to any security that includes,
relates to, or derives any significant part of its value from such Restricted Shares. Notwithstanding the foregoing, with respect to SRAC
PIPE Partners LLC, only the 176,471 Founder Shares held by SRAC PIPE Partners LLC shall be Restricted Shares, and this Section 3.6
shall not apply to any other shares of Class A Common Stock held by such entity.

 

3.6.2 Each
Existing Holder hereby represents and warrants that it now has and, except as contemplated by this subsection 3.6.2 for the duration
of the applicable Lock-Up Period, will have good and marketable title to its Restricted Shares, free and clear of all liens, encumbrances,
and claims that could impact the ability of such Existing Holder to comply with the foregoing restrictions. Each Existing Holder agrees
and consents to the entry of stop transfer instructions with the Company’s transfer agent against the transfer of any Restricted
Shares during the applicable Lock-Up Period, except in compliance with the foregoing restrictions.

 

3.6.3 In
connection with any Underwritten Offering (other than a Block Trade), the Company and each Holder proposing to distribute their Registrable
Securities through such Underwritten Offering will agree (with respect to the Registrable Securities held by such Holder) to be bound
by the underwriting agreement’s lock-up restrictions (which must apply in like manner to all such Holders) that are agreed to by
(a) the Company, if a majority of the shares being sold in such Underwritten Offering are being sold for its account, and (b) Holders
holding a majority of the shares being sold by all Holders, if a majority of the shares being sold in such Underwritten Offering are being
sold by the Holders, provided that, in no event shall any lock-up restriction in accordance with this subsection 3.6.3 exceed a
period of forty-five (45) days from the date of the final Prospectus for any such Underwritten Offering, except with respect to the first
Underwritten Offering following the closing of the transactions contemplated by the Merger Agreement, if the managing Underwriter or Underwriters,
in good faith, advise the Company in writing that a lock-up restriction of a period of forty-five (45) or fewer days would have a material
adverse impact on such Underwritten Offering, then such lock-up restrictions shall be for the number of days such managing Underwriter
or Underwriters so advise, not to exceed a period of ninety (90) days from the date of the final Prospectus for any such Underwritten
Offering.

 

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Article
IV

INDEMNIFICATION AND CONTRIBUTION

 

4.1 Indemnification.

 

4.1.1 The
Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers and directors and each
person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities and expenses
(including without limitation reasonable attorneys’ fees) resulting from any untrue or alleged untrue statement of material fact
contained in any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission
or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, except
insofar as the same are caused by or contained in any information furnished in writing to the Company by such Holder expressly for use
therein. The Company shall indemnify the Underwriters, their officers and directors and each person who controls such Underwriters (within
the meaning of the Securities Act) to the same extent as provided in the foregoing with respect to the indemnification of the Holder.

 

4.1.2 In
connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish to
the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such Registration
Statement or Prospectus and, to the extent permitted by law, shall indemnify the Company, its directors and officers and agents and each
person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses
(including without limitation reasonable attorneys’ fees) resulting from any untrue statement of material fact contained in the
Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission of a material
fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue
statement or omission is contained in any information or affidavit so furnished in writing by such Holder expressly for use therein; provided,
however, that the obligation to indemnify shall be several, not joint and several, among such Holders of Registrable Securities,
and the liability of each such Holder of Registrable Securities shall be in proportion to and limited to the net proceeds received by
such Holder from the sale of Registrable Securities in such offering giving rise to such liability. The Holders of Registrable Securities
shall indemnify the Underwriters, their officers, directors and each person who controls such Underwriters (within the meaning of the
Securities Act) to the same extent as provided in the foregoing with respect to indemnification of the Company.

 

4.1.3 Any
person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with respect to
which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s right to indemnification
hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless in such indemnified party’s
reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit
such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense
is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without its
consent (but such consent shall not be unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume
the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel (plus local counsel) for all parties
indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict
of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. No indemnifying
party shall, without the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement which cannot
be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms of such
settlement) or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified
party of a release from all liability in respect to such claim or litigation.

 

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4.1.4 The
indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on
behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive the transfer
of securities. The Company and each Holder of Registrable Securities participating in an offering also agrees to make such provisions
as are reasonably requested by any indemnified party for contribution to such party in the event the Company’s or such Holder’s
indemnification is unavailable for any reason.

 

4.1.5 If
the indemnification provided under Section 4.1 hereof from the indemnifying party is unavailable or insufficient to hold harmless
an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the indemnifying party,
in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of
such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and the indemnified party, as well as any other relevant equitable considerations. The relative fault of the indemnifying party
and indemnified party shall be determined by reference to, among other things, whether any action in question, including any untrue or
alleged untrue statement of a material fact or omission or alleged omission to state a material fact, was made by, or relates to information
supplied by, such indemnifying party or indemnified party, and the indemnifying party’s and indemnified party’s relative intent,
knowledge, access to information and opportunity to correct or prevent such action and the benefits received by the such indemnifying
party or indemnified party; provided, however, that the liability of any Holder under this subsection 4.1.5 shall
be limited to the amount of the net proceeds received by such Holder from the sale of Registrable Securities in such offering giving rise
to such liability. The amount paid or payable by a party as a result of the losses or other liabilities referred to above shall be deemed
to include, subject to the limitations set forth in subsections 4.1.1, 4.1.2 and 4.1.3 above, any legal or other
fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding. The parties hereto agree
that it would not be just and equitable if contribution pursuant to this subsection 4.1.5 were determined by Pro Rata allocation
or by any other method of allocation, which does not take account of the equitable considerations referred to in this subsection 4.1.5.
No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
pursuant to this subsection 4.1.5 from any person who was not guilty of such fraudulent misrepresentation.

 

Article
V

MISCELLANEOUS

 

5.1 Notices.
Any notice or communication under this Agreement must be in writing and given by (i) deposit in the United States mail, addressed to the
party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person or by courier
service providing evidence of delivery, or (iii) transmission by hand delivery, electronic mail or facsimile. Each notice or communication
that is mailed, delivered, or transmitted in the manner described above shall be deemed sufficiently given, served, sent, and received,
in the case of mailed notices, on the third (3rd) business day following the date on which it is mailed and, in the case of notices delivered
by courier service, hand delivery, electronic mail (provided no “bounce back” or notice of non-delivery is received) or facsimile,
at such time as it is delivered to the addressee (except in the case of electronic mail, with the delivery receipt or the affidavit of
messenger) or at such time as delivery is refused by the addressee upon presentation. Any notice or communication under this Agreement
must be addressed, if to the Company, to: Momentus Inc., 3901 N. First Street, San Jose, CA 95134, Attention: Chief Financial Officer,
and, if to any Holder, at such Holder’s address or contact information as set forth in the Company’s books and records. Any
party may change its address for notice at any time and from time to time by written notice to the other parties hereto, and such change
of address shall become effective thirty (30) days after delivery of such notice as provided in this Section 5.1.

 

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5.2 Assignment;
No Third Party Beneficiaries.

 

5.2.1 Subject
to Section 5.2.3, this Agreement and the rights, duties and obligations of the Company and the Holders of Registrable Shares, as
the case may be, hereunder may not be assigned or delegated by the Company or the Holders of Registrable Securities, as the case may be,
in whole or in part.

 

5.2.2 Prior
to the expiration of the Founder Lock-Up Period or the Private Placement Lock-Up Period, as the case may be, no Existing Holder who is
subject to any such Lock-Up Period may assign or delegate such Existing Holder’s rights, duties or obligations under this Agreement,
in whole or in part, in violation of the applicable Lock-Up Period, except in connection with a transfer of Registrable Securities by
such Existing Holder to a Permitted Transferee but only if such Permitted Transferee agrees to become bound by the transfer restrictions
set forth in this Agreement.

 

5.2.3 This
Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors and
the permitted assigns of the Holders, which shall include Permitted Transferees.

 

5.2.4 This
Agreement shall not confer any rights or benefits on any persons that are not parties hereto, other than as expressly set forth in this
Agreement and Section 5.2 hereof.

 

5.2.5 No
assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate the Company
unless and until the Company shall have received (i) written notice of such assignment as provided in Section 5.1 hereof and (ii)
the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms and provisions of this
Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement). Any transfer or assignment made other
than as provided in this Section 5.2 shall be null and void.

 

5.3 Counterparts.
This Agreement may be executed in multiple counterparts (including facsimile or PDF counterparts), each of which shall be deemed an original,
and all of which together shall constitute the same instrument, but only one of which need be produced.

 

5.4 Governing
Law; Venue. NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY AGREE
THAT (I) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF NEW YORK AS APPLIED TO AGREEMENTS AMONG NEW
YORK RESIDENTS ENTERED INTO AND TO BE PERFORMED ENTIRELY WITHIN NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS OF SUCH JURISDICTION
AND (II) THE VENUE FOR ANY ACTION TAKEN WITH RESPECT TO THIS AGREEMENT SHALL BE ANY STATE OR FEDERAL COURT IN NEW YORK COUNTY IN THE STATE
OF NEW YORK.

 

5.5 Amendments
and Modifications. Upon the written consent of the Company and the Holders of at least a majority-in-interest of the Registrable Securities
at the time in question, compliance with any of the provisions, covenants and conditions set forth in this Agreement may be waived, or
any of such provisions, covenants or conditions may be amended or modified; provided, however, that notwithstanding the
foregoing, any amendment hereto or waiver hereof that adversely affects either the Existing Holders as a group or the New Holders as a
group, respectively, in a manner that is materially adversely different from the Existing Holders or New Holders, as applicable, shall
require the consent of at least a majority-in-interest of the Registrable Securities held by such Existing Holders or New Holders, as
applicable, at the time in question; provided, further, that notwithstanding the foregoing, any amendment hereto or waiver
hereof that adversely affects one Holder, solely in its capacity as a holder of the shares of capital stock of the Company, in a manner
that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected; provided,
further, that notwithstanding the foregoing, no amendment hereto or waiver hereof that has the effect of extending the Lock-Up
Period applicable to any particular Holder shall be enforceable against, or effective with respect to, such Holder without such Holder’s
written consent. No course of dealing between any Holder or the Company and any other party hereto or any failure or delay on the part
of a Holder or the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights or remedies
of any Holder or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party shall operate as
a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.

 

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5.6 Other
Registration Rights. The Company represents and warrants that, other than pursuant to (a) that certain Warrant Agreement, dated as
of November 7, 2019, by and between Continental Stock Transfer & Trust Company and the Company and (b) those certain Subscription
Agreements, dated as of October 7, 2020 and July 15, 2021, as amended, by and between the Company and certain persons that have become
stockholders of the Company as of the date hereof in connection with the issuance of shares of Class A Common Stock on the terms set forth
therein, no person, other than a Holder of Registrable Securities, has any right to require the Company to register any securities of
the Company for sale or to include such securities of the Company in any Registration filed by the Company for the sale of securities
for its own account or for the account of any other person.

 

5.7 Further,
the Company represents and warrants that this Agreement supersedes any other registration rights agreement or agreement with similar terms
and conditions and in the event of a conflict between any such agreement or agreements and this Agreement, the terms of this Agreement
shall prevail. The Company agrees that it will not, after the date of this Agreement, enter into any agreement which materially and adversely
interferes with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions
hereof, including allowing any other holder of Class A Common Stock to have registration rights in the nature or substantially in the
nature of those set forth in this Agreement that would have priority over or pari passu with the Registrable Securities with respect
to the inclusion of such securities in any Registration Statement.

 

5.8 Term.
This Agreement shall terminate upon the earlier of (a) the tenth anniversary of the date of this Agreement, (b) the date as of which all
of the Registrable Securities have been sold pursuant to a Registration Statement (but in no event prior to the applicable period referred
to in Section 4(a)(3) of the Securities Act and Rule 174 thereunder (or any successor rule promulgated thereafter by the Commission))
or (c) with respect to a particular Holder, the date as of which all Registrable Securities held by such Holder have been sold (x) pursuant
to a Registration Statement (but in no event prior to the applicable period referred to in Section 4(a)(3) of the Securities Act and Rule
174 thereunder (or any successor rule promulgated thereafter by the Commission)) or (y) under Rule 144 or another exemption from registration
under the Securities Act; provided that, for purposes of this Section 5.7, securities constituting Registrable Securities
shall be determined without regard and without giving effect to clause (D) contained in the definition of Registrable Securities. The
provisions of Section 3.5 and Article IV shall survive any termination.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the undersigned have
caused this Agreement to be executed as of the date first written above.

 

	 	COMPANY:
	 	 
	 	MOMENTUS INC.,
	 	a Delaware corporation
	 	 
	 	By:	/s/ John C. Rood
	 	 	Name: 	 John C. Rood
	 	 	Title:	 Chief Executive Officer
	 	 	 	 
	 	NEW HOLDERS:
	 	 
	 	PRIME MOVERS LAB FUND I LP, 
	 	a Delaware limited partnership
	 	 
	 	By:	/s/ Jon Layman
	 	 	Name:	Jon Layman
	 	 	Title:	Partner and General Counsel
	 	 	 	 
	 	MOMENTUS PML SPV 1 LP, 
	 	a Delaware limited partnership
	 	 
	 	By:	/s/ Jon Layman
	 	 	Name:	Jon Layman
	 	 	Title:	Partner and General Counsel
	 	 	 	 
	 	MOMENTUS PML SPV 2 LP, 
	 	a Delaware limited partnership
	 	 
	 	By:	/s/ Jon Layman
	 	 	Name:	Jon Layman
	 	 	Title:	Partner and General Counsel

 

[Signature Page to Amended and Restated Registration
Rights Agreement]

 

    

     

    

 

	 	EXISTING HOLDERS:
	 	 
	 	SRC-NI HOLDINGS, LLC,
	 	a Delaware limited liability company
	 	By	its Managing Members
	 	 	 
	 	By:	/s/ Edward K. Freedman
	 	 	Edward K. Freedman
	 	 	 
	 	By:	/s/ Brian Kabot
	 	 	Brian Kabot
	 	 	 
	 	By:	/s/ Juan Manuel Quiroga
	 	 	Juan Manuel Quiroga
	 	 	 
	 	SRAC PIPE PARTNERS LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/ James Norris
	 	 	Name: 	James Norris
	 	 	Title:	 Chief Financial Officer
	 	 	 
	 	CANTOR FITZGERALD AND CO.
	 	 	 
	 	By:	/s/ Sage Kelly
	 	 	Sage Kelly

 

[Signature Page to Amended and Restated Registration Rights Agreement]

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