Document:

Exhibit 10.3

  

   

  

  
    INVESTMENT MANAGEMENT TRUST AGREEMENT

     

    

    This Investment Management Trust Agreement (this “Agreement”) is made effective as of [●], 2019, by and between CHP
      Merger Corp, a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation (the “Trustee”).

     

    

    WHEREAS, the Company’s registration statement on Form S-1, No. 333-[●] (the “Registration Statement”) and prospectus
      (the “Prospectus”) for the initial public offering of the Company’s units (the “Units”), each of which consists of one share of
      the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), and one-[●] of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one
      share of Common Stock (such initial public offering hereinafter referred to as the “Offering”), has been declared effective as of the date hereof by the U.S. Securities and Exchange
      Commission; and

     

    

    WHEREAS, the Company has entered into an Underwriting Agreement (the “Underwriting Agreement”) with J.P. Morgan
      Securities LLC, Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC, as representatives (the “Representatives”) of the several underwriters (the “Underwriters”) named therein; and

     

    

    WHEREAS, as described in the Prospectus, $250,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined in the Underwriting
      Agreement) (or $287,500,000 if the Underwriters’ over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the “Trust Account”) for the benefit of the Company and the holders of shares of the Common Stock included in the Units issued in the Offering as hereinafter provided (the amount to be delivered to
      the Trustee (and any interest subsequently earned thereon) is referred to herein as the “Property,” the stockholders for whose benefit the Trustee shall hold the Property will be referred to
      as the “Public Stockholders,” and the Public Stockholders and the Company will be referred to together as the “Beneficiaries”);
      and

     

    

    WHEREAS, pursuant to the Underwriting Agreement, a portion of the Property equal to $8,750,000, or $10,062,500 if the Underwriters’ over-allotment option is exercised in full,
      is attributable to deferred underwriting discounts and commissions that may be payable by the Company to the Underwriters upon the consummation of the Business Combination (as defined below) (the “Deferred

        Discount”);

     

    

    WHEREAS, a portion of such Deferred Discount, not to exceed 33 1/3% of the total Deferred Discount, may be re-allocated or paid to members of FINRA (“FINRA Members”) that
      assist the Company in consummating the Business Combination;

    

    

    WHEREAS, simultaneously with the Offering, the Company’s sponsor will purchase [●] warrants (“Private Placement Warrants”)

      from the Company for an aggregate purchase price of $7,000,000 (and additional amounts of Private Placement Warrants from the Company if the underwriters exercise their over-allotment option, up to [●] Private Placement Warrants for an aggregate
      purchase price of $7,750,000 if the underwriters’ over-allotment option is exercised in full); and

    
      
        

    

    
    WHEREAS, the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property.

     

    

    NOW THEREFORE, IT IS AGREED:

     

    

    1.          Agreements and Covenants of Trustee.  The Trustee hereby agrees and covenants to:

     

      

    (a)          Hold the Property in trust for the Beneficiaries in accordance with the terms of
        this Agreement in the Trust Account established by the Trustee in the United States at JPMorgan Chase Bank N.A. and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company;

     

      

    (b)          Manage, supervise and administer the Trust Account subject to the terms and
        conditions set forth herein;

     

      

    (c)          In a timely manner, upon the written instruction of the Company, invest and reinvest
        the Property in United States government securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 180 days or less, or in money market funds meeting the conditions of paragraphs
        (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury obligations, as determined by the Company; the Trustee may
        not invest in any other securities or assets, it being understood that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s instructions hereunder and the trustee may earn bank credits or other
        considerations;

     

      

    (d)          Collect and receive, when due, all principal, interest or other income arising from
        the Property, which shall become part of the “Property,” as such term is used herein;

     

      

    (e)          Promptly notify the Company and the Representatives of all communications received
        by the Trustee with respect to any Property requiring action by the Company;

     

      

    (f)          Supply any necessary information or documents as may be requested by the Company (or
        its authorized agents) in connection with the Company’s preparation of the tax returns relating to assets held in the Trust Account or in connection with the preparation or completion of the audit of the Company’s financial statements by the
        Company’s auditors;

     

      

    (g)          Participate in any plan or proceeding for protecting or enforcing any right or
        interest arising from the Property if, as and when instructed by the Company to do so;

     

      

    (h)          Render to the Company monthly written statements of the activities of, and amounts
        in, the Trust Account reflecting all receipts and disbursements of the Trust Account;

     

      

    (i)          Commence liquidation of the Trust Account only after and promptly after (x) receipt
        of, and only in accordance with, the terms of a letter from the Company (“Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit A or Exhibit

          B, as applicable, signed on behalf of the Company by its Chief Executive Officer, Chief Financial Officer, Secretary or Chairman of the Board of Directors of the Company (the “Board”)

        or other authorized officer of the Company, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account, including interest earned on the invested funds held in the Trust Account and not previously released to
        the Company to pay its franchise and income taxes (less up to $100,000 of interest that may be released to the Company to pay dissolution expenses), only as directed in the Termination Letter and the other documents referred to therein, or (y) the
        later of (1) 24 months after the closing of the Offering and (2) such later date as may be approved by the Company’s stockholders in accordance with the Company’s amended and restated certificate of incorporation, if a Termination Letter has not
        been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the Property in the Trust Account,
        including interest not previously released to the Company to pay its franchise and income taxes (less up to $100,000 of interest that may be released to the Company to pay dissolution expenses) shall be distributed to the Public Stockholders of
        record as of such date; provided, however, that in the event the Trustee receives a Termination Letter in a form substantially similar to Exhibit B hereto, or if the Trustee begins to liquidate the Property because it has
        received no such Termination Letter by the date specified in clause (y) of this Section 1(i), the Trustee shall keep the Trust Account open until 12 months following the date the Property has been distributed to the Public
        Stockholders. It is acknowledged and agreed that there should be no reduction in the principal amount initially deposited in the Trust Account;

    
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    (j)          Upon written request from the Company, which may be given from time to time in a
        form substantially similar to that attached hereto as Exhibit C (a “Withdrawal Instruction”), withdraw from the Trust Account and distribute to the Company the amount of interest
        earned on the Property requested by the Company to cover any franchise or income tax obligations owed by the Company as a result of assets of the Company or interest or other income earned on the Property, which amount shall be delivered directly
        to the Company by electronic funds transfer or other method of prompt payment, and the Company shall forward such payment to the relevant taxing authority; provided, however, that to the extent there is not sufficient cash in the
        Trust Account to pay such tax obligation, the Trustee shall liquidate such assets held in the Trust Account as shall be designated by the Company in writing to make such distribution; so long as there is no reduction in the principal amount
        initially deposited in the Trust Account; provided, however, that if the tax to be paid is a franchise tax, the written request by the Company to make such distribution shall be accompanied by a copy of the franchise tax bill from
        the State of Delaware for the Company and a written statement from the principal financial officer of the Company setting forth the actual amount payable (it being acknowledged and agreed that any such amount in excess of interest income earned on
        the Property shall not be payable from the Trust Account). The written request of the Company referenced above shall constitute presumptive evidence that the Company is entitled to said funds, and the Trustee shall have no responsibility to look
        beyond said request;

     

      

    (k)          Upon written request from the Company, which may be given from time to time in a
        form substantially similar to that attached hereto as Exhibit D (a “Stockholder Redemption Withdrawal Instruction”), the Trustee shall distribute on behalf of the Company the
        amount requested by the Company to be used to redeem shares of Common Stock from Public Stockholders properly submitted in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation
        (A) that would modify the substance or timing of the Company’s obligation to redeem 100% of its public shares of Common Stock if the Company has not consummated an initial Business Combination within such time as is described in the Company’s
        amended and restated certificate of incorporation or (B) which adversely affects the rights of holders of shares of the Common Stock. The written request of the Company referenced above shall constitute presumptive evidence that the Company is
        entitled to distribute said funds, and the Trustee shall have no responsibility to look beyond said request; and

     

      

    (l)          Not make any withdrawals or distributions from the Trust Account other than pursuant
        to Section 1(i), (j) or (k) above.

    
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    2.          Agreements and Covenants of the Company. The Company hereby agrees and covenants to:

     

      

    (a)          Give all instructions to the Trustee hereunder in writing, signed by the Company’s
        Chairman of the Board, Chief Executive Officer, Chief Financial Officer or Secretary. In addition, except with respect to its duties under Sections 1(i), (j) and (k) hereof, the Trustee shall be entitled to rely on, and
        shall be protected in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by any one of the persons authorized above to give written instructions, provided that the
        Company shall promptly confirm such instructions in writing;

     

      

    (b)          Subject to Section 4 hereof, hold the Trustee harmless and indemnify the
        Trustee from and against any and all documented expenses, including reasonable outside counsel fees and disbursements, or losses suffered by the Trustee in connection with any action taken by it hereunder and in connection with any action, suit or
        other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand, which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any interest earned
        on the Property, except for expenses and losses resulting from the Trustee’s gross negligence, fraud or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or
        proceeding, pursuant to which the Trustee intends to seek indemnification under this Section 2(b), it shall notify the Company in writing of such claim (hereinafter referred to as the “Indemnified
          Claim”). The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim; provided that the Trustee shall obtain the consent of the Company with respect to the selection of counsel, which consent
        shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which such consent shall not be unreasonably withheld. The Company may participate in such action with
        its own counsel;

     

      

    (c)          Pay the Trustee the fees set forth on Schedule A hereto, including an
        initial acceptance fee, annual administration fee, and transaction processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall not be used to pay such fees unless
        and until it is distributed to, or on behalf of, the Company pursuant to Sections 1(i) through 1(j) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration fee at the consummation of
        the Offering. The Trustee shall refund to the Company the annual administration fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Account. The Company shall not be responsible for any other fees or charges of
        the Trustee except as set forth in this Section 2(c), Schedule A and as may be provided in Section 2(b) hereof;

    
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    (d)          In connection with any vote of the Company’s stockholders regarding a merger,
        capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business Combination”),
        provide to the Trustee an affidavit or certificate of the inspector of elections for the stockholder meeting verifying the vote of such stockholders regarding such Business Combination;

     

      

    (e)          Instruct the Trustee to make only those distributions that are permitted under this
        Agreement, and refrain from instructing the Trustee to make any distributions that are not permitted under this Agreement;

     

      

    (f)          Expressly provide in any Instruction Letter (as defined in Exhibit A)
        delivered in connection with a Termination Letter in a form substantially similar to that attached hereto as Exhibit A that the Deferred Discount be paid directly to the account or accounts directed by the Representative or the FINRA
        Members; and

     

      

    (g)          Within four (4) business days after the Underwriters’ exercise of the over-allotment
        option (or any unexercised portion thereof) or such over-allotment option expires, provide the Trustee with a notice in writing of the total amount of the Deferred Discount, which shall in no event be less than $8,750,000 (or $10,062,500 if the
        Underwriters’ over-allotment option is exercised in full).

     

      

    3.          Limitations of Liability. The Trustee shall have no responsibility or liability to:

     

      

    (a)          Imply obligations, perform duties, inquire or otherwise be subject to the provisions
        of any agreement or document other than this Agreement and that which is expressly set forth herein;

     

      

    (b)          Take any action with respect to the Property, other than as directed in Section
          1 hereof, and the Trustee shall have no liability to any party under this Agreement except for liability arising out of the Trustee’s gross negligence, fraud or willful misconduct;

     

      

    (c)          Institute any proceeding for the collection of any principal and income arising
        from, or institute, appear in or defend any proceeding of any kind with respect to, any of the Property unless and until it shall have received written instructions from the Company given as provided herein to do so and the Company shall have
        advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;

     

      

    (d)          Change the investment of any Property, other than in compliance with Section 1
        hereof;

     

      

    (e)          Refund any depreciation in principal of any Property;

     

      

    (f)          Assume that the authority of any person designated by the Company to give
        instructions hereunder shall not be continuing unless provided otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;

    
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    (g)          The Company or to anyone else for any action taken or omitted by it, or any action
        suffered by it to be taken or omitted, in good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct. The Trustee may rely conclusively and shall be protected in acting upon any order,
        notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument, report or other paper or document (not only as to its due execution and the
        validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which the Trustee believes, in good faith and with reasonable care, to be genuine and to be signed or presented by the
        proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered to the
        Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto;

     

      

    (h)          Verify the accuracy of the information contained in the Registration Statement;

     

      

    (i)          Provide any assurance that any Business Combination entered into by the Company or
        any other action taken by the Company is as contemplated by the Registration Statement;

     

      

    (j)          File information returns with respect to the Trust Account with any local, state or
        federal taxing authority or provide periodic written statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property;

     

      

    (k)          Prepare, execute and file tax reports, income or other tax returns and pay any taxes
        with respect to any income generated by, and activities relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not limited to, franchise and income tax obligations, except
        pursuant to Section 1(j) hereof; or

     

      

    (l)          Verify calculations, qualify or otherwise approve the Company’s written requests for
        distributions pursuant to Sections 1(i), (j) and (k) hereof.

     

      

    4.          Trust Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any
        kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future. In the
        event the Trustee has any Claim against the Company under this Agreement, including, without limitation, under Section 2(b) or (c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside the
        Trust Account and not against the Property or any monies in the Trust Account.

     

      

    5.          Termination. This Agreement shall terminate as follows:

     

      

    (a)          If the Trustee gives written notice to the Company that it desires to resign under
        this Agreement, the Company shall use its reasonable efforts to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement. At such time that the Company notifies the Trustee that a successor
        trustee has been appointed by the Company and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies
        of the reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided, however, that in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation
        notice from the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York or with the United States District Court for the Southern District of New York and upon such deposit, the Trustee
        shall be immune from any liability whatsoever; or

    
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    (b)          At such time that the Trustee has completed the liquidation of the Trust Account and
        its obligations in accordance with the provisions of Section 1(i) hereof and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Section 2(b).

     

      

    6.          Miscellaneous.

     

      

    (a)          The Company and the Trustee each acknowledge that the Trustee will follow the
        security procedures set forth below with respect to funds transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to such security procedures to authorized persons. Each party
        must notify the other party immediately if it has reason to believe unauthorized persons may have obtained access to such confidential information, or of any change in its authorized personnel. In executing funds transfers, the Trustee shall rely
        upon all information supplied to it by the Company, including, account names, account numbers, and all other identifying information relating to a Beneficiary, Beneficiary’s bank or intermediary bank. Except for any liability arising out of the
        Trustee’s gross negligence, fraud or willful misconduct, the Trustee shall not be liable for any loss, liability or expense resulting from any error in the information or transmission of the funds.

     

      

    (b)          This Agreement shall be governed by and construed and enforced in accordance with
        the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. This Agreement may be executed in several original or facsimile
        counterparts, each one of which shall constitute an original, and together shall constitute but one instrument.

     

      

    (c)          This Agreement contains the entire agreement and understanding of the parties hereto
        with respect to the subject matter hereof. Except for Section 1(i), 1(j) and 1(k)  hereof (which sections may not be modified, amended or deleted without the affirmative vote of sixty-five percent (65%) of the then
        outstanding shares of Common Stock and Class B common stock, par value $0.0001 per share, of the Company, voting together as a single class; provided that no such amendment will affect any Public
          Stockholder who has properly elected to redeem his, her or its shares of Common Stock in connection with a shareholder vote to amend this Agreement), this Agreement or any provision hereof may only be changed, amended or modified (other
        than to correct a typographical error) by a writing signed by each of the parties hereto.

     

      

    (d)          The parties hereto consent to the jurisdiction and venue of any state or federal
        court located in the City of New York, State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

    
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    (e)          Any notice, consent or request to be given in connection with any of the terms or
        provisions of this Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by electronic mail:

     

    

    if to the Trustee, to:

     

    

    
      	 	
              Continental Stock Transfer & Trust Company

            	 
	 	
              1 State Street, 30th Floor

            	 
	 	
              New York, New York 10004

            	 
	 	
              Attn:  Francis Wolf and Celeste Gonzalez

            	 
	 	
              E-mail:

            	fwolf@continentalstock.com

            	

            
	 	 	cgonzalez@continentalstock.com	 
	 	 	
              

              

            
	 	
              if to the Company, to:

            	 
	 	 	 
	 	
              CHP Merger Corp.

            	 
	 	
              15 Deforest Avenue, Suite 108

            	 
	 	
              Summit, NJ 07901

            	 
	 	
              Attn:  [●]

            	 
	 	
              E-mail:  [●]

            	 
	 	
              in each case, with copies to:

            	 
	 	 	 
	 	
              Ropes & Gray LLP

            	 
	 	
              1211 Avenue of the Americas

            	 
	 	
              New York, New York 10036

            	 
	 	
              Attn:

            	Paul D. Tropp, Esq.	
              

              

            
	 	 	Christopher J. Capuzzi, Esq.	
              

              

            
	 	
              E-Mail:

            	paul.tropp@ropesgray.com	
              

              

            
	 	 	
              christopher.capuzzi@ropesgray.com

            	 
	 	 	 	 
	 	
              and

            	 
	 	 	 
	 	
              J.P. Morgan Securities LLC

            	 
	 	
              383 Madison Avenue

            	 
	 	
              New York, New York 10179

            	 
	 	
              Attn:  [●]

            	
              

              

            
	 	
              E-mail:  [●]

            	

            
	 	 	 
	 	
              Credit Suisse Securities (USA) LLC

            	 
	 	
              Eleven Madison Avenue

            	 
	 	
              New York, New York 10010

            	 
	 	
              Attn:  [●]

            	

            
	 	
              E-Mail:   [●]

            	 
	 	 	 
	 	
              and

            	

            
	 
	 	
              Morgan Stanley & Co. LLC

            	 
	 	
              1585 Broadway

            	 
	 	
              New York, New York 10036

            	 
	 	
              Attn:  [●]

            	

            
	 	
              E-Mail:   [●]

            	 
	 	 	 
	 	
              and

            	 
	 	 	 
	 	
              Skadden, Arps, Slate, Meagher & Flom LLP

            	 
	 	
              300 South Grand Avenue, Suite 3400

            	 
	 	
              Los Angeles, California 90071

            	 
	 	
              Attn:  

              

            	Gregg A. Noel, Esq.	 
	 	
              

              

            	Laura Kaufmann Belkhayat, Esq.	 
	 	
              E-mail:  

              

            	gregg.noel@skadden.com	 
	 	
                

              

            	laura.kaufmann@skadden.com	 

    

  

  
    -8-

    
      

  

  
    (f)          Each of the Company and the Trustee hereby represents that it has
        the full right and power and has been duly authorized to enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against the
        Trust Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance. 

     

      

    (g)          This Agreement is the joint product of the Trustee and the Company
        and each provision hereof has been subject to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto.

     

      

    (h)          This Agreement may be executed in any number of counterparts, each
        of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic transmission shall constitute valid and
        sufficient delivery thereof.

     

      

    (i)          Each of the Company and the Trustee hereby acknowledges and agrees
        that Representatives, on behalf of the Underwriters, are third party beneficiaries of this Agreement.

     

      

    (j)          Except as specified herein, no party to this Agreement may assign
        its rights or delegate its obligations hereunder to any other person or entity.

        

      

    [Signature Page Follows]

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

     

      

    	 	
            CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Trustee

             

            

          
	 	
            By:

          	
            /s/ Francis Wolf

          
	 	
            Name:

          	
            Francis Wolf

          
	 	
            Title:

          	
            Vice President

          
	 	 	 
	 	
            CHP MERGER CORP.

          
	 	
            By:

          	 
	 	
            Name:

          	 
	 	
            Title:

          	 

    
      
        

    

    SCHEDULE A

     

    

    	
            
              Fee Item

            

          	 	
            
              Time and method of payment

            

          	 	
            
              Amount

            

          	 
	
            Initial acceptance fee

          	 	
            Initial closing of the Offering by wire transfer

          	 	
            $

          	
            3,500.00

          	 
	
            Annual fee

          	 	
            First year, initial closing of Offering by wire transfer; thereafter on the anniversary of the effective date of the Offering by wire transfer or check

          	 	
            $

          	
            10,000.00

          	 
	
            Transaction processing fee for disbursements to Company under Sections 1(i), (j) and (k)

          	 	
            Deduction by Trustee from accumulated income following disbursement made to Company under Section 1

          	 	
            $

          	
            250.00

          	 
	 	 	 	 	 	 	 
	
            Paying Agent services as required pursuant to Section 1(i) and Section 1(k)

          	 	
            Billed to Company upon delivery of service pursuant to Section 1(i) and Section 1(k)

          	 	
            Prevailing rates

          	 

    
      

    
      
        

    

    
    EXHIBIT A

    [Letterhead of Company]

      [Insert date]

    Continental Stock Transfer & Trust Company

      1 State Street, 30th Floor

      New York, New York 10004

      Attn: Francis Wolf and Celeste Gonzalez

     

    

    Re:  Trust Account No. [  ] Termination Letter

     

      

    Dear Mr. Wolf and Ms. Gonzalez:

     

    

    Pursuant to Section 1(i) of the Investment Management Trust Agreement between CHP Merger Corp. (the “Company”)

      and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2019 (the “Trust Agreement”), this is to
      advise you that the Company has entered into an agreement with [  ] (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the
      Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

     

    

    In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account, and to transfer
      the proceeds into the above-referenced trust operating account at JPMorgan Chase Bank, N.A. to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts
      that the Company and, solely with respect to the Deferred Discount, the Representatives or the FINRA Members, shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust operating account at
      JPMorgan Chase Bank, N.A. awaiting distribution, none of the Company or the Representatives will earn any interest or dividends.

     

    

    On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be
      consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a
      certificate] of the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders, if a vote is held and (b) joint written instruction signed by the Company and any of
      the Representatives or the FINRA Members with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemption rights and express instructions to pay
      the Deferred Discount from the Trust Account directly to the account or accounts directed by the Representatives or the FINRA Members (the “Instruction Letter”). You are hereby directed and
      authorized to transfer the funds held in the Trust Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust
      Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the
      Consummation Date to the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated.

    
      A-1

      
        

    

    In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or
      before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on
      the business day immediately following the Consummation Date as set forth in the notice as soon thereafter as possible.

     

    

    	 	
            Very truly yours,

             

            

          
	 	
            CHP Merger Corp.

             

            

          
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 

    
      A-2

      
        

    

    
    EXHIBIT B

    [Letterhead of Company]

      [Insert date]

     

    

    Continental Stock Transfer & Trust Company

      1 State Street, 30th Floor

      New York, New York 10004

      Attn: Francis Wolf and Celeste Gonzalez

     

    

    Re:  Trust Account No. Termination Letter

     

      

    Dear Mr. Wolf and Ms. Gonzalez:

     

    

    Pursuant to Section 1(i) of the Investment Management Trust Agreement between CHP Merger Corp. (the “Company”)

      and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2019 (the “Trust Agreement”), this is to
      advise you that the Company has been unable to effect a business combination with a Target Business (the “Business Combination”) within the time frame specified in the Company’s Amended and
      Restated Certificate of Incorporation, as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

     

    

    In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account on           , 20    and to
      transfer the total proceeds into the trust operating account at JPMorgan Chase Bank, N.A. to await distribution to the Public Stockholders. The Company has selected [ ] as the effective date for the purpose of determining when the Public Stockholders
      will be entitled to receive their share of the liquidation proceeds. It is acknowledged that no interest will be earned by the Company on the liquidation proceeds while on deposit in the trust operating account. You agree to be the Paying Agent of
      record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s Public Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Certificate of Incorporation of the
      Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated, except to the extent
      otherwise provided in Section 1(j) of the Trust Agreement.

     

    

    	 	
            Very truly yours,

          
	 	
            CHP Merger Corp.

          
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 

    
      B-1

      
        

    

    
    EXHIBIT C

    [Letterhead of Company]

      [Insert date]

     

    

    Continental Stock Transfer & Trust Company

      1 State Street, 30th Floor

      New York, New York 10004

      Attn: Francis Wolf and Celeste Gonzalez

     

    

    Re:  Trust Account No. [Tax Payment] Withdrawal Instruction

     

      

    Dear Mr. Wolf and Ms. Gonzalez:

     

    

    Pursuant to Section 1(j) of the Investment Management Trust Agreement between CHP Merger Corp. (“Company”)

      and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [●], 2019 (“Trust Agreement”), the Company hereby
      requests that you deliver to the Company $_____________ of the interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

     

    

    The Company needs such funds to pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the
      Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at:

     

    

    [WIRE INSTRUCTION INFORMATION]

     

    

    	 	
            Very truly yours,

             

            

          
	 	
            CHP Merger Corp.

             

            

          
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 

    
      C-1

      
        

    

    
    EXHIBIT D

    [Letterhead of Company]

      [Insert date]

    Continental Stock Transfer & Trust Company

      1 State Street, 30th Floor

      New York, New York 10004

      Attn: Francis Wolf and Celeste Gonzalez

      

    

    Re:  Trust Account No. [●] Stockholder Redemption Withdrawal Instruction

     

      

    Dear Mr. Wolf and Ms. Gonzalez:

     

    

    Pursuant to Section 1(k) of the Investment Management Trust Agreement between CHP Merger Corp. (the “Company”)
      and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2019 (“Trust Agreement”), the Company hereby requests that you deliver to the
      redeeming Public Stockholders of the Company $[ ] of the principal and interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

    

    

    The Company needs such funds to pay its Public Stockholders who have properly elected to have their shares of Common Stock redeemed by the Company in
      connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation (A) to modify the substance or timing of the Company’s obligation to redeem 100% of its public shares of Common Stock if the
      Company has not consummated an initial Business Combination within such time as is described in the Company’s amended and restated certificate of incorporation or (B) which adversely affects the rights of holders or the Common Stock. As such, you are
      hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the redeeming Public Stockholders in accordance with your customary procedures.

     

    

    	 	
            Very truly yours,

             

            

          
	 	
            CHP Merger Corp.

             

            

          
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	
             

          	 

     

    

     

    

  

  D-1Exhibit 10.5

    

    

    CHP Merger Corp.

    25 Deforest Avenue, Suite 108

    Summit, NJ 07901

    

    

    August 7, 2019

    

    

    CHP Acquisition Holdings LLC

    25 Deforest Avenue, Suite 108

    Summit, NJ 07901

    

    

    RE: Securities Subscription Agreement

    

    

    Ladies and Gentlemen:

    

    

    We are pleased to accept the offer CHP Acquisition Holdings LLC (the “Subscriber” or “you”) has made to purchase 7,187,500 shares of Class B common stock (the “Shares”), $0.0001 par value per share (the “Class B Common Stock” together with all other classes of Company (as defined below) common stock, the “Common Stock”), up to 937,500 Shares of which are subject to complete or partial forfeiture by you if the underwriters of the initial public offering (“IPO”) of CHP Merger Corp., a Delaware corporation (the “Company”), do not fully
      exercise their over-allotment option (the “Over-allotment Option”). The terms (this “Agreement”) on which the Company is willing to sell the Shares to the Subscriber, and the Company and the Subscriber’s agreements regarding such Shares, are as follows:

    

    

    1. Purchase of Shares. For the sum of $25,000
      (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby sells and issues the Shares to the Subscriber, and the
      Subscriber hereby purchases the Shares from the Company, subject to the forfeiture provisions of Section 3 below, on the terms and subject to the conditions set forth in this Agreement.

    

    

    2. Representations, Warranties and Agreements.

    

    

    2.1 Subscriber’s Representations, Warranties and
          Agreements. To induce the Company to issue the Shares to the Subscriber, the Subscriber hereby represents and warrants to the Company and agrees with the Company as follows:

    

    

    2.1.1. No Government Recommendation or Approval.
      The Subscriber understands that no federal or state agency has passed upon or made any recommendation or endorsement of the offering of the Shares.

    

    

    2.1.2. No Conflicts. The execution, delivery
      and performance of this Agreement and the consummation by the Subscriber of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of the Subscriber, (ii) any
      agreement, indenture or instrument to which the Subscriber is a party, (iii) any law, statute, rule or regulation to which the Subscriber is subject, or (iv) any agreement, order, judgment or decree to which the Subscriber is subject.

    

    

    2.1.3. Organization and Authority. The
      Subscriber is a Delaware limited liability company, validly existing and in good standing under the laws of Delaware and possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement. Upon
      execution and delivery by you, this Agreement will be a legal, valid and binding agreement of Subscriber, enforceable against Subscriber in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
      fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

    

    

    2.1.4. Experience, Financial Capability and Suitability.
      Subscriber is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the
      Shares have not been registered under the Securities Act (as defined below) and therefore cannot be resold unless subsequently registered under the Securities Act or an exemption from such registration is available. Subscriber is capable of
      evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Subscriber must bear the economic risk of this investment until the Shares are sold pursuant to: (x) an effective registration
      statement under the Securities Act or (y) an exemption from registration available with respect to such sale. Subscriber is able to bear the economic risks of an investment in the Shares and to afford a complete loss of Subscriber’s investment in the
      Shares.

    

    

    
      
        

        

      

      
        

      

    

    

    

    2.1.5. Access to Information; Independent Investigation.
      Prior to the execution of this Agreement, the Subscriber has had the opportunity to ask questions of and receive answers from representatives of the Company concerning an investment in the Company, as well as the finances, operations, business and
      prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all information so obtained. In determining whether to make this investment, Subscriber has relied solely on Subscriber’s own knowledge and
      understanding of the Company and its business based upon Subscriber’s own due diligence investigation and the information furnished pursuant to this paragraph. Subscriber understands that no person has been authorized to give any information or to
      make any representations which were not furnished pursuant to this Section 2 and Subscriber has not relied on any other representations or information in making its investment decision, whether written or oral, relating to the Company, its operations
      and/or its prospects.

    

    

    2.1.6. [RESERVED]

    

    

    2.1.7. Investment Purposes. The Subscriber is
      purchasing the Shares solely for investment purposes, for the Subscriber’s own account and not for the account or benefit of any other person, and not with a view towards the distribution or dissemination thereof in violation of the registration
      requirements of the Securities Act. The Subscriber did not enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502 of Regulation D under the Securities Act.

    

    

    2.1.8. Restrictions on Transfer; Shell Company.
      Subscriber understands the Shares are being offered in a transaction not involving a public offering within the meaning of the Securities Act. Subscriber understands the Shares will be “restricted securities” as defined in Rule 144(a)(3) under the
      Securities Act and Subscriber understands that the certificates or book entries representing the Shares will contain a legend in respect of such restrictions. If in the future the Subscriber decides to offer, resell, pledge or otherwise transfer the
      Shares, such Shares may be offered, resold, pledged or otherwise transferred only pursuant to: (i) registration under the Securities Act or (ii) an available exemption from registration.. Subscriber agrees that if any transfer of its Shares or any
      interest therein is proposed to be made, as a condition precedent to any such transfer, Subscriber may be required to deliver to the Company an opinion of counsel satisfactory to the Company. Absent registration or an exemption, the Subscriber agrees
      not to resell the Shares. Subscriber further acknowledges that because the Company is a shell company, Rule 144 may not be available to the Subscriber for the resale of the Shares until one year following consummation of the initial business
      combination of the Company, despite technical compliance with the certain requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

    

    

    2.1.9. No Governmental Consents. No
      governmental, administrative or other third party consents or approvals are required, necessary or appropriate on the part of Subscriber in connection with the transactions contemplated by this Agreement.

    

    

    2.2 Company’s Representations, Warranties and Agreements.
      To induce the Subscriber to purchase the Shares, the Company hereby represents and warrants to the Subscriber and agrees with the Subscriber as follows:

    

    

    2.2.1 Organization and Corporate Power. The
      Company is a Delaware corporation and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the
      Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

    

    

    2.2.2. No Conflicts. The execution, delivery
      and performance of this Agreement and the consummation by the Company of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the Certificate of Incorporation or Bylaws of the Company, (ii) any
      agreement, indenture or instrument to which the Company is a party, (iii) any law, statute, rule or regulation to which the Company is subject, or (iv) any agreement, order, judgment or decree to which the Company is subject.

    

    

    2.2.3. Title to Securities. Upon issuance in
      accordance with, and payment pursuant to, the terms hereof, the Shares will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof the Subscriber will have or receive good
      title to the Shares, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions hereunder and other agreements to which the Shares may be subject, (b) transfer restrictions under federal and state
      securities laws, and (c) liens, claims or encumbrances imposed due to the actions of the Subscriber.

    

    

    2.2.4. No Adverse Actions. There are no
      actions, suits, investigations or proceedings pending, threatened against or affecting the Company which: (i) seek to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement or (ii) question
      the validity or legality of any transactions or seek to recover damages or to obtain other relief in connection with any transactions.

    

    

    
      
        

        

      

      
        

      

    

    

    

    3. Forfeiture of Shares.

    

    

    3.1. Partial or No Exercise of the Over-allotment Option.
      In the event the Over-allotment Option granted to the representative of the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it shall forfeit any and all rights to such number of Shares (up to an aggregate
      of 937,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and all other initial stockholders prior to the IPO, if any) will own an aggregate
      number of Shares (not including Shares issuable upon exercise of any warrants or any Common Stock purchased by Subscriber in the IPO or in the aftermarket) equal to 20% of the issued and outstanding Common Stock immediately following the IPO.

    

    

    3.2. Termination of Rights as Stockholder. If
      any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such Shares, and the Company shall take such action as is appropriate to
      cancel such Shares.

    

    

    4. Waiver of Liquidation Distributions; Redemption Rights.
      In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for
      the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”),
      in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Common Stock in the IPO or in the aftermarket, any additional
      Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of
      an initial business combination.

    

    

    5. Restrictions on Transfer.

    

    

    5.1. Restrictive Legends. All certificates
      representing the Shares shall have endorsed thereon legends substantially as follows:

    

    

    	 	
            “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND NEITHER THE
              SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND
              SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.”

          
	 	 
	 	
            “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PROVISIONS AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE
              DISPOSED DURING THE TERM OF THE LOCKUP PERIOD.”

          
	 	 

    

    

    5.2. Additional Shares or Substituted Securities.
      In the event of the declaration of a stock dividend, the declaration of a special dividend payable in a form other than Common Stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting
      the Company’s outstanding Common Stock without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Shares subject to this Section 5 or into
      which such Shares thereby become convertible shall immediately be subject to this Section 5 and Section 3. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number or class of Shares subject to
      this Section 5 and Section 3.

    

    

    5.3 Registration Rights. Subscriber
      acknowledges that the Shares are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after certain conditions are met or they are registered pursuant to a registration
      rights agreement to be entered into with the Company prior to the closing of the IPO.

    

    

    6. Other Agreements.

    

    

    6.1. Further Assurances. Subscriber agrees to
      execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.

    

    

    
      
        

        

      

      
        

      

    

    

    

    6.2. Notices. All notices, statements or other
      documents which are required or contemplated by this Agreement shall be in writing and delivered: (i) personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address
      designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently
      provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the
      business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

    

    

    6.3. Entire Agreement. This Agreement, together
      with that certain insider letter to be entered into between Subscriber and the Company, substantially in the form to be filed as an exhibit to the Registration Statement, embodies the entire agreement and understanding between the Subscriber and the
      Company with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly
      set forth in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement.

    

    

    6.4. Modifications and Amendments. The terms
      and provisions of this Agreement may be modified or amended only by written agreement executed by all parties hereto.

    

    

    6.5. Waivers and Consents. The terms and
      provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by a written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or
      shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and
      shall not constitute a continuing waiver or consent.

    

    

    6.6. Assignment. The rights and obligations
      under this Agreement may not be assigned by either party hereto without the prior written consent of the other party.

    

    

    6.7. Benefit. All statements, representations,
      warranties, covenants and agreements in this Agreement shall be binding on the parties hereto and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed to
      create any rights or obligations except among the parties hereto, and no person or entity shall be regarded as a third-party beneficiary of this Agreement.

    

    

    6.8. Governing Law. This Agreement and the
      rights and obligations of the parties hereunder shall be construed in accordance with and governed by the laws of the State of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict
      of law principles thereof.

    

    

    6.9. Severability. In the event that any court
      of competent jurisdiction shall determine that any provision, or any portion thereof, contained in this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems
      it reasonable and enforceable, and as so limited shall remain in full force and effect. In the event that such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall
      nevertheless remain in full force and effect.

    

    

    6.10. No Waiver of Rights, Powers and Remedies.
      No failure or delay by a party hereto in exercising any right, power or remedy under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial
      exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the
      exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required
      under this Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or
      further action in any circumstances without such notice or demand.

    

    

    6.11. Survival of Representations and Warranties.
      All representations and warranties made by the parties hereto in this Agreement or in any other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations made by
      or on behalf of the parties.

    

    

    
      
        

        

      

      
        

      

    

    

    

    6.12. No Broker or Finder. Each of the parties
      hereto represents and warrants to the other that no broker, finder or other financial consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as to create any liability on the other.
      Each of the parties hereto agrees to indemnify and hold the other harmless from any claim or demand for commission or other compensation by any broker, finder, financial consultant or similar agent claiming to have been employed by or on behalf of
      such party and to bear the cost of legal expenses incurred in defending against any such claim.

    

    

    6.13. Headings and Captions. The headings and
      captions of the various sections of this Agreement are for convenience of reference only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

    

    

    6.14. Counterparts. This Agreement may be
      executed in one or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood
      that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or any other form of electronic delivery, such signature shall create a valid and binding obligation of the party executing
      (or on whose behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

    

    

    6.15. Construction. The parties hereto have
      participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof
      will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. The words “include,” “includes,” and “including” will be deemed to
      be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words
      in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to this
      Agreement as a whole and not to any particular section unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached any
      representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party
      hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.

    

    

    6.16. Mutual Drafting. This Agreement is the
      joint product of the Subscriber and the Company and each provision hereof has been subject to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto.

    

    

    7. Voting and Redemption of Shares. Subscriber
      agrees to vote the Shares in favor of an initial business combination that the Company negotiates and submits for approval to the Company’s stockholders and shall not seek redemption with respect to such Shares. Additionally, the Subscriber agrees
      not to redeem any Shares in connection with a redemption or tender offer presented to the Company’s stockholders in connection with an initial business combination negotiated by the Company.

    

    

    [Signature Page Follows]

    
      
        

        

      

      
        

      

    

    If the foregoing accurately sets forth our understanding and agreement, please sign the enclosed copy of this Agreement and return it to
      us.

    

    

    	 	
            Very truly yours,

          
	 	 
	 	
            CHP MERGER CORP.

          
	 	 
	 	
            By:

          	
            /s/ James Olsen

          
	 	
            Name:

          	
            James Olsen

          
	 	
            Title:

          	
            Chief Executive Officer

          

    

    

    Accepted and agreed this 7th day of August, 2019

    	
            CHP ACQUISITION HOLDINGS LLC

          	 
	 	 	 
	
            By:

          	
            /s/ James Olsen

          	 
	
            Name:

          	
            James Olsen

          	 
	
            Title:

          	
            President

          	 

    

    

    
      [Signature Page to Subscription Agreement]

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