Document:

Exhibit 10.4

 

AMENDED AND RESTATED REGISTRATION RIGHTS
AGREEMENT

 

THIS AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), is dated as of [●], 2021, and entered into by
and among Rodgers Silicon Valley Acquisition Corp., a Delaware corporation (the “Company”), Rodgers Capital,
LLC, a California limited liability company (the “Sponsor”), and the undersigned parties listed under
Holders on the signature page hereto (each such party, together with the Sponsor and any person or entity who hereafter becomes
a party to this Agreement pursuant to Section 6.15 of this Agreement, a “Holder” and collectively, the
 “Holders”). Capitalized terms used herein and not otherwise defined shall have the meanings given to
them in that certain Agreement and Plan of Merger by and among the Company, Enovix Corporation, a Delaware corporation (“Enovix”),
and RSVAC Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of the Company, dated as of February 22, 2021 (the
 “Merger Agreement”).

 

WHEREAS, the Company
and the Sponsor are party to that certain Registration Rights Agreement, dated as of December 1, 2020 (the “Original
RRA”);

 

WHEREAS, pursuant to
Section 5.5 of the Original RRA, the provisions, covenants and conditions set forth therein may be amended or modified upon the
written consent of the Company and the Holders (as defined in the Original RRA) of at least a majority-in-interest of the Registrable
Securities (as defined in the Original RRA) at the time in question (the “Requisite Holders”); and

 

WHEREAS, the Company,
the Sponsor and the Requisite Holders desire to amend and restate the Original RRA in its entirety and enter into this Agreement,
pursuant to which the Company shall grant the Holders certain registration rights with respect to certain securities of the Company,
as set forth in this Agreement.

 

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

 

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

 

“Adverse
Disclosure” means 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, 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.

 

“Affiliate”
means, with respect to any specified Person, any Person that, directly or indirectly through one or more entities, controls
or is controlled by, or is under common control with, such specified Person. The term “control” (including the
terms “controlled by” and “under common control with”) means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of
voting securities, by contract or otherwise.

 

     

     

    

 

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

 

“Business
Day” means any day, other than a Saturday or a Sunday, that is neither a legal holiday nor a day on which banking
institutions are generally authorized or required by law or regulation to close in the City of New York, New York.

 

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

 

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

 

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

 

“Demand
Registration” is defined in Section 2.2.1.

 

“Demanding
Holder” is defined in Section 2.2.1.

 

“Effective
Time” means the date the merger contemplated by the Merger Agreement becomes effective under the Delaware General
Corporation Law.

 

“Effectiveness
Date” means, with respect to the Initial Registration Statement, the 60th calendar day following the filing date
of such Initial Registration Statement (or in the event the Registration Statement receives a “full review” by the
Commission, the 90th day following the filing date of such Registration Statement) and with respect to any additional Registration
Statements which may be required pursuant to Sections 2.2 and 2.3, the 90th calendar day following the date on which an additional
Registration Statement is required to be filed hereunder; provided, however, that in the event the Company is notified by the Commission
that one or more of the above Registration Statements will not be reviewed or is no longer subject to further review and comments,
the Effectiveness Date as to such Registration Statement shall be the 10th Business Day following the date on which the Company
is so notified if such date precedes the dates otherwise required above; provided, further, that, if the Effectiveness Date falls
on a Saturday, Sunday or any other day which shall be a legal holiday or a day on which the Commission is authorized or required
by law or other government actions to close, the Effectiveness Date shall be the following Business Day.

 

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

 

“Form S-1
Shelf” is defined in Section 2.1.

 

“Form S-3”
is defined in Section 2.4.

 

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“Form S-3
Shelf” is defined in Section 2.1.

 

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

 

“Indemnified
Party” is defined in Section 4.3.

 

“Indemnifying
Party” is defined in Section 4.3.

 

“Initial
Registration Statement” means the Registration Statement required to be filed pursuant to Section 2.1.

 

“Holder
Indemnified Party” is defined in Section 4.1.

 

“Maximum
Number of Shares” is defined in Section 2.2.4.

 

“Merger Shares”
means the shares of Common Stock of the Company issued or issuable to the Holders pursuant to the terms of the Merger Agreement.

 

“Misstatement”
means 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 case of a Prospectus, in the
light of the circumstances under which they were made) not misleading.

 

“Notices”
is defined in Section 6.3.

 

“Piggy-Back
Registration” is defined in Section 2.3.1.

 

“Pro Rata”
is defined in Section 2.2.4.

 

“Prospectus”
is defined as 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.

 

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

 

“Registrable
Securities” means (i) any Merger Shares held by the Holders, (ii) any shares of Common Stock or any other
equity security (including, without limitation, the shares of Common Stock issued or issuable upon the exercise of any other
equity security and warrants) of the Company otherwise acquired or owned by a Holder following the date hereof to the extent
that such securities are “restricted securities” (as defined in Rule 144) (including for the avoidance of doubt
(A) shares of Common Stock issued pursuant to that certain Subscription Agreement, dated as of September 24, 2020, between
the Sponsor and the Company, (B) the warrants to purchase shares of Common Stock issued pursuant to that certain Private
Placement Warrants Subscription Agreement, dated as of December 1, 2020, between the Sponsor and the Company, (C) any
warrants to purchase shares of Common Stock issued or issuable upon the conversion of loans to the Company made by Sponsor or
an affiliate of Sponsor or certain of the Company’s officers and directors and (D) any shares of Common Stock or equity
securities issued or issuable upon the exercise or conversion of any of the securities described in clauses (A) through (C))
or are otherwise held by an “affiliate” (as defined in Rule 144) of the Company, and (iii) any warrants, shares
of capital stock or other securities of the Company issued as a dividend or stock split or in connection with a
recapitalization, merger, consolidation, spin-off, reorganization or other distribution with respect to or in exchange for or
in replacement of any such securities referenced in clauses (i) or (ii). As to any particular Registrable Securities, such
securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect to the sale of such
securities shall have become effective under the Securities Act and such securities shall have been sold, transferred,
disposed of or exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise
transferred, new certificates for them not bearing a legend restricting further transfer shall have been delivered by the
Company and subsequent public distribution of them shall not require registration under the Securities Act; (c) such
securities shall have ceased to be outstanding, or (d) such securities may be sold without registration pursuant to Rule 144
without limitation as to volume.

 

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“Registration
Statement” shall mean any registration statement that covers Registrable Securities pursuant to the provisions 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.

 

“Rule 144”
means Rule 144 promulgated under the Securities Act (or any successor rule promulgated by the Commission).

 

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

 

“Shelf”
shall mean the Form S-1 Shelf, the Form S-3 Shelf or any subsequent Shelf Registration Statement, as the case may be.

 

“Shelf
Registration” shall mean a registration of securities pursuant to a registration statement filed with the Commission
in accordance with and pursuant to Rule 415 promulgated under the Securities Act (or any successor rule then in effect).

 

“Subsequent
Shelf Registration Statement” shall have the meaning given in Section 2.1.

 

“Underwriter”
means, solely for the purposes of this Agreement, 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.

 

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		2.	REGISTRATION RIGHTS.

 

2.1         
Shelf Registration.

 

2.1.1        On
or prior to the 30th day following the Effective Time, the Company shall prepare and file with the Commission a Registration
Statement covering the resale of the Registrable Securities for an offering to be made on a delayed or continuous basis
pursuant to Rule 415. Each Registration Statement filed hereunder shall be on Form S-1 (the “Form S-1
Shelf”) (except if the Company is then eligible to register for resale the Registrable Securities on Form S-3,
such registration shall be on Form S-3 (the “Form S-3 Shelf”) in accordance herewith). Subject to
the terms of this Agreement, the Company shall use its commercially reasonable efforts to cause a Registration Statement
filed under this Section 2.1.1 to be declared effective under the Securities Act as promptly as practicable after the filing
thereof, but in any event prior to the applicable Effectiveness Date, and shall use its commercially reasonable efforts to
keep such Registration Statement continuously effective under the Securities Act until such time as there are no Registrable
Securities outstanding. The Company shall promptly notify the Holders by e-mail of the effectiveness of a Registration
Statement. The Company shall, no later than the second Business Day after the effective date of such Registration Statement,
file a final Prospectus with the Commission as required by Rule 424. In the event the Company files a Form S-1 Shelf, the
Company shall use its commercially reasonable efforts to convert the Form S-1 Shelf to a Form S-3 Shelf as soon as
practicable after the Company is eligible to use Form S-3. Notwithstanding anything to the contrary herein, to the extent
there is an active Shelf under this Section 2.1, covering a holder’s or holders’ Registrable Securities, and such
holder or holders qualify as Demanding Holders pursuant to Section 2.2.1 and wish to request an Underwritten Offering from
such Shelf, such Underwritten Offering shall follow the procedures of Section 2.2, (including Section 2.2.3 and Section
2.2.4) but such Underwritten Offering shall be made from the Shelf and shall count against the number of long form Demand
Registrations that may be made pursuant to Section 2.2.1. The Company shall have the right to remove any persons no longer
holding Registrable Securities from any Shelf or any other shelf registration statement by means of a post-effective
amendment or otherwise. If any Shelf ceases to be effective under the Securities Act for any reason at any time while
Registrable Securities are still outstanding, the Company shall, subject to Section 3.2, use its commercially reasonable
efforts to as promptly as is reasonably practicable cause such Shelf to again become effective under the Securities Act
(including using its commercially reasonable efforts to obtain the prompt withdrawal of any order suspending the
effectiveness of such Shelf), and shall use its commercially reasonable efforts to as promptly as is reasonably practicable
amend such Shelf in a manner reasonably expected to result in the withdrawal of any order suspending the effectiveness of
such Shelf or file an additional registration statement as a Shelf Registration (a “Subsequent Shelf Registration
Statement”) registering the resale of all Registrable Securities (determined as of two (2) Business Days prior
to such filing), and pursuant to any method or combination of methods legally available to, and requested by, any Holder
named therein. If a Subsequent Shelf Registration Statement is filed, the Company shall use its commercially reasonable
efforts to (i) cause such Subsequent Shelf Registration Statement to become effective under the Securities Act as promptly as
is reasonably practicable after the filing thereof (it being agreed that the Subsequent Shelf Registration Statement shall be
an automatic shelf registration statement (as defined in Rule 405 promulgated under the Securities Act) if the Company is a
well-known seasoned issuer (as defined in Rule 405 promulgated under the Securities Act) at the most recent applicable
eligibility determination date) and (ii) keep such Subsequent Shelf Registration Statement continuously effective, available
for use to permit the Holders named therein to sell their Registrable Securities included therein and in compliance with the
provisions of the Securities Act until such time as there are no longer any Registrable Securities. Any such Subsequent Shelf
Registration Statement shall be on Form S-3 to the extent that the Company is eligible to use such form. Otherwise, such
Subsequent Shelf Registration Statement shall be on another appropriate form. The Company’s obligation under this
Section 2.1.2, shall, for the avoidance of doubt, be subject to Section 3.2.

 

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2.1.2       
Each Holder agrees to furnish to the Company a completed Selling stockholder questionnaire in a customary form prepared
by the Company (a “Stockholder Questionnaire”) within five (5) Business Days following the date such
Holder receives such Selling Stockholder Questionnaire. Each Holder further acknowledges and agrees that it shall not be entitled
to be named as a selling security holder in the Registration Statement or use the Prospectus for offers and resales of Registrable
Securities at any time, unless such Holder has returned to the Company a completed and signed Selling Stockholder Questionnaire.
If a Holder of Registrable Securities returns a Selling Stockholder Questionnaire after the deadline specified in the previous
sentence, the Company shall use its commercially reasonable efforts to take such actions as are required to name such Holder as
a selling security holder in the Registration Statement or any pre-effective or post-effective amendment thereto and to include
(to the extent not theretofore included) in the Registration Statement the Registrable Securities identified in such late Selling
Stockholder Questionnaire; provided that the Company shall not be required to file an additional Registration Statement solely
for such shares. Each Holder acknowledges and agrees that the information in the Selling Stockholder Questionnaire will be used
by the Company in the preparation of the Registration Statement and hereby consents to the inclusion of such information in the
Registration Statement.

 

2.2          
Demand Registration

 

2.2.1       
Request for Registration. At any time and from time to time on or after the date of this Agreement, the Holders
of the Registrable Securities, or the transferees of the Holders, may make a written demand for registration under the Securities
Act of all or part of their Registrable Securities having an aggregate value of at least $40 million, as the case may be (a “Demand
Registration”). Any demand for a Demand Registration shall specify the number of shares of Registrable Securities
proposed to be sold and the intended method(s) of distribution thereof. The Company will within
ten (10) days of the Company’s receipt of the Demand Registration notify all holders of Registrable Securities of
the demand, and each holder of Registrable Securities who wishes to include all or a portion of such holder’s Registrable
Securities in the Demand Registration (each such holder including shares of Registrable Securities in such registration, a “Demanding
Holder”) shall so notify the Company within five (5) days after the receipt by the holder of the notice from the
Company. Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand
Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company shall not be obligated to effect
more than an aggregate of two (2) Demand Registrations under this Section 2.1.1 in respect of all Registrable Securities. No Demand
Registration may be made while a Shelf remains effective except in connection with an Underwritten Offering under Section 2.2.3.

 

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

 

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2.2.3       
Underwritten Offering. If a majority-in-interest of the Demanding Holders so elect and such holders so advise
the Company as part of their written demand for a Demand Registration, the offering of such Registrable Securities pursuant to
such Demand Registration shall be in the form of an underwritten offering. In such event, the right of any holder to include its
Registrable Securities in such registration shall be conditioned upon such holder’s participation in such underwriting and
the inclusion of such holder’s Registrable Securities in the underwriting to the extent provided herein. All Demanding Holders
proposing to distribute their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary
form with the Underwriter or Underwriters selected for such underwriting by a majority-in-interest of the holders initiating the
Demand Registration.

 

2.2.4       
Reduction of Offering. If the managing Underwriter or Underwriters for a Demand Registration that is to be an
underwritten offering advises the Company and the Demanding Holders in writing that the dollar amount or number of shares of Registrable
Securities which the Demanding Holders desire to sell, taken together with all other shares of Common Stock or other securities
which the Company desires to sell and the shares of Common Stock, if any, as to which registration has been requested pursuant
to written contractual piggy-back registration rights held by other shareholders of the Company who desire to sell, exceeds the
maximum dollar amount or maximum number of shares that can be sold in such offering without adversely affecting the proposed offering
price, the timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or maximum
number of shares, as applicable, the “Maximum Number of Shares”), then the Company shall include in such
registration: (i) first, the Registrable Securities as to which Demand Registration has been requested by the Demanding Holders
(Pro Rata in accordance with the number of shares that each such Person has requested be included in such registration, regardless
of the number of shares held by each such Person) that can be sold without exceeding the Maximum Number of Shares; (ii) second,
to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the shares of Common Stock
or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; and (iii)
third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the shares
of Common Stock or other securities for the account of other persons that the Company is obligated to register pursuant to written
contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of Shares.

 

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

 

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2.3         
Piggy-Back Registration.

 

2.3.1       
Piggy-Back Rights. If at any time on or after the date of this Agreement the Company proposes to file a Registration
Statement under the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable
or exchangeable for, or convertible into, equity securities, by the Company for its own account or for shareholders of the Company
for their account (or by the Company and by shareholders of the Company including, without limitation, pursuant to Section 2.1),
other than a Registration Statement (i) filed in connection with any employee stock option or other benefit plan, (ii) for an exchange
offer or offering of securities solely to the Company’s existing shareholders, (iii) for an offering of debt that is convertible
into equity securities of the Company or (iv) for a dividend reinvestment plan, then the Company shall (x) give written notice
of such proposed filing to the holders of Registrable Securities as soon as practicable but in no event less than ten (10) days
before the anticipated filing date of the applicable Registration Statement or, in the case of an Underwritten Offering pursuant
to a Shelf Registration, the applicable “red herring” prospectus or prospectus supplement used for marketing such offering,
which notice shall describe the amount and type of securities to be included in such offering, the intended method(s) of distribution,
and the name of the proposed managing Underwriter or Underwriters, if any, of the offering, and (y) offer to the holders of Registrable
Securities in such notice the opportunity to register the sale of such number of shares of Registrable Securities as such holders
may request in writing within five (5) days following receipt of such notice (a “Piggy-Back Registration”
). Subject to 2.3.2,the Company shall cause such Registrable Securities to be included in such registration and shall use its commercially
reasonable efforts to cause the managing Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable
Securities requested to be included in a Piggy-Back Registration on the same terms and conditions as any similar securities of
the Company and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s)
of distribution thereof. All holders of Registrable Securities proposing to distribute their securities through a Piggy-Back Registration
that involves an Underwriter or Underwriters shall enter into an underwriting agreement in customary form with the Underwriter
or Underwriters selected for such Piggy-Back Registration. Notwithstanding the provisions set forth in the immediately preceding
sentences, the right to a Piggy-Back Registration set forth under this Section 2.2.1 with respect to the Registrable Securities
shall terminate on the fifth anniversary of the Effective Time.

 

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

 

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

 

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

 

2.3.3       
Withdrawal. Any holder of Registrable Securities (other than a Demanding Holder, whose right to withdraw from
a Registration, and related obligations, shall be governed by Section 2.1.6) may, for any reason or no reason, elect to withdraw
such holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving written notice to
the Company and Underwriter, if any, of such request to withdraw prior to the effectiveness of the Registration Statement, or,
in the case of a Piggy-Back Registration pursuant to a Shelf Registration, the filing of the applicable “red herring”
prospectus or prospectus supplement with respect to such Piggy-Back Registration used for marketing such transaction. The Company
(whether on its own determination or as the result of a withdrawal by persons making a demand pursuant to written contractual obligations)
may withdraw a Registration Statement filed in connection with a Piggy-Back Registration at any time prior to the effectiveness
of such Registration Statement. Notwithstanding any such withdrawal or anything in this Agreement (other than Section 2.2.4), the
Company shall pay all expenses incurred by the holders of Registrable Securities in connection with such Piggy-Back Registration
as provided in Section 3.3.

 

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2.3.4       
 Unlimited Piggy-Back Registration Rights. For purposes of clarity, subject to Section 2.2.4, any Registration
effected pursuant to Section 2.3 hereof shall not be counted as a Registration pursuant to a Demand Registration effected under
Section 2.1 hereof. The Holders shall have unlimited Piggy-Back Registration rights.

 

2.3.5       
Registrations on Form S-3. The holders of Registrable Securities may at any time and from time to time, request
in writing that the Company register the resale of any or all of such Registrable Securities on Form S-3 or any similar short-form
registration which may be available at such time (“Form S-3” ); provided, however, that the Company
shall not be obligated to effect such request through an underwritten offering. Upon receipt of such written request, the Company
will promptly give written notice of the proposed registration to all other holders of Registrable Securities, and, as soon as
practicable thereafter, effect the registration of all or such portion of such holder’s or holders’ Registrable Securities
as are specified in such request, together with all or such portion of the Registrable Securities or other securities of the Company,
if any, of any other holder or holders joining in such request as are specified in a written request given within fifteen (15)
days after receipt of such written notice from the Company; provided, however, that the Company shall not be obligated to effect
any such registration pursuant to this Section 2.3: (i) if Form S-3 is not available for such offering; or (ii) if the holders
of the Registrable Securities, together with the holders of any other securities of the Company entitled to inclusion in such
registration, propose to sell Registrable Securities and such other securities (if any) at any aggregate price to the public of
less than $[__]. Registrations effected pursuant to this Section 2.3 shall not be counted as Demand Registrations effected pursuant
to Section 2.1.

 

		3.	REGISTRATION PROCEDURES.

 

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

 

3.1.1       
Filing Registration Statement. The Company shall use its best efforts to, as expeditiously as possible after
receipt of a request for a Demand Registration pursuant to Section 2.1, prepare and file with the Commission a Registration Statement
on Form S-3 or Form S-1 in accordance with the terms of Section 2.2.1, and shall use its best efforts to cause such Registration
Statement to become effective and use its best efforts to keep it effective for the period required by Section 3.1.3; provided,
however, that the Company shall have the right to defer any Demand Registration for up to thirty (30) days, and any Piggy-Back
Registration for such period as may be applicable to deferment of any demand registration to which such Piggy-Back Registration
relates, in each case if the Company shall furnish to the holders a certificate signed by Chief Executive Officer or Chairman of
the Company stating that, in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental
to the Company and its shareholders for such Registration Statement to be effected at such time; provided further, however, that
the Company shall not have the right to exercise the right set forth in this provision more than once in any 365-day period in
respect of a Demand Registration hereunder.

 

    10

     

    

 

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

 

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

 

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

 

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

 

    11

     

    

 

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

 

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

 

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

 

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

 

    12

     

    

 

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

 

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

 

3.1.12     
Road Show. If the registration involves the registration of Registrable Securities involving gross proceeds in
excess of $50,000,000, the Company shall 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 in any underwritten offering.

 

3.2          
Obligation to Suspend Distribution. Upon receipt of written notice from the Company that a Registration Statement
or Prospectus contains a Misstatement, each of the holders of Registrable Securities shall forthwith discontinue disposition of
Registrable Securities until he, she or 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 he, she or 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 of Registrable Securities, 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 thirty (30) consecutive
days or ninety (90) days in any rolling 12-month period, determined in good faith by the Company to be necessary for such purpose.
In the event the Company exercises its rights under the preceding sentence, the holders of Registrable Securities 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 Registrable Securities
of the expiration of any period during which it exercised its rights under this Section 3.2.

 

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

 

3.4          
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, underwriting agreements
and other customary documents as may be reasonably required under the terms of such underwriting arrangements.

 

3.5         
Information. The holders of Registrable Securities shall provide such information as may reasonably be requested
by the Company, or the managing Underwriter, if any, in connection with the preparation of any Registration Statement, including
amendments and supplements thereto, in order to effect the registration of any Registrable Securities under the Securities Act
pursuant to Section 2 and in connection with the Company’s obligation to comply with Federal and applicable state securities
laws. In addition, the holders of Registrable Securities shall comply
with all prospectus delivery requirements under the Securities Act and applicable SEC regulations.

 

		4.	INDEMNIFICATION AND CONTRIBUTION.

 

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

 

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

 

    15

     

    

 

4.3          Conduct
of Indemnification Proceedings. Promptly after receipt by any person of any notice of any loss, claim, expense,
damage or liability or any action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such person
(the “Indemnified Party”) shall, if a claim in respect thereof is to be made against any other person for
indemnification hereunder, promptly notify such other person (the “Indemnifying Party” ) in writing
of the loss, claim, judgment, damage, liability or action; provided, however, that the failure by the Indemnified Party to
notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which the Indemnifying Party may
have to such Indemnified Party hereunder, except and solely to the extent the Indemnifying Party is actually prejudiced by
such failure. If the Indemnified Party is seeking indemnification with respect to any claim or action brought against the
Indemnified Party, then the Indemnifying Party shall be entitled to participate in such claim or action, and, to the extent
that it wishes, jointly with all other Indemnifying Parties, to assume control of the defense thereof with counsel
satisfactory to the Indemnified Party. After notice from the Indemnifying Party to the Indemnified Party of its election to
assume control of the defense of such claim or action, the Indemnifying Party shall not be liable to the Indemnified Party
for any legal or other expenses subsequently incurred by the Indemnified Party in connection with the defense thereof other
than reasonable costs of investigation; provided, however, that in any action in which both the Indemnified Party and the
Indemnifying Party are named as defendants, the Indemnified Party shall have the right to employ separate counsel (but no
more than one such separate counsel) to represent the Indemnified Party and its controlling persons who may be subject to
liability arising out of any claim in respect of which indemnity may be sought by the Indemnified Party against the
Indemnifying Party, with the fees and expenses of such counsel to be paid by such Indemnifying Party if, based upon the
written opinion of counsel of such Indemnified Party, representation of both parties by the same counsel would be
inappropriate due to actual or potential differing interests between them. Further, 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
(such consent not to 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 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 prior written consent of the Indemnified Party, consent to entry of judgment or effect
any settlement of any claim or pending or threatened proceeding in respect of which the Indemnified Party is or could have
been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such judgment or settlement
includes an unconditional release of such Indemnified Party from all liability arising out of such claim or proceeding.

 

4.4          
Contribution.

 

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

 

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

 

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

 

		5.	RULE 144.

 

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

 

		6.	MISCELLANEOUS.

 

6.1         
Other Registration Rights. The Company represents and warrants that no person, other than the holders of the
Registrable Securities and the investors in the PIPE Financing contemplated in the Merger Agreement, has any right to require
the Company to register any of the Company’s share capital for sale or to include the Company’s share capital in any
registration filed by the Company for the sale of share capital for its own account or for the account of any other person.

 

6.2          Assignment;
No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not
be assigned or delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of the
Sponsor hereunder may not be assigned or delegated by the Sponsor without the prior written consent of the Company. This
Agreement and the rights, duties and obligations of the holders of Registrable Securities hereunder may be freely assigned or
delegated by such holder of Registrable Securities in conjunction with and to the extent of any transfer of Registrable
Securities by any such holder This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit
of each of the parties, to the permitted assigns of the Holders or holder of Registrable Securities or of any assignee of the
Holders or holder of Registrable Securities. This Agreement is not intended to confer any rights or benefits on any persons
that are not party hereto other than as expressly set forth in Article 4 and this Section 6.2. No assignment by any party
hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate the Company unless it
is permitted under Section 6.2 and until the Company shall have received (i) written notice of such assignment as provided in
Section 6.3 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 6.2 shall be null and void.

 

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

 

To
the Company:

 

Enovix Corporation

3501 W Warren Ave.

Fremont, CA 94538

Attention: General Counsel

E-mail: legal@enovix.com

 

with
a copy to:

 

Cooley LLP

3175 Hanover Street

Palo Alto, CA 94304

Attention: Matthew Hemington

Email: hemingtonmb@cooley.com

Attention: Miguel Vega

Email: mvega@cooley.com

 

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

 

6.4          
Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or
provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore,
in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of
this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible that is valid and
enforceable.

 

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

 

6.6          
Entire Agreement. This Agreement (including all agreements entered into pursuant hereto and all certificates
and instruments delivered pursuant hereto and thereto) constitute the entire agreement of the parties with respect to the subject
matter hereof and supersede all prior and contemporaneous agreements, representations, understandings, negotiations and discussions
between the parties, whether oral or written. Upon the Effective Time, the Original RRA shall be deemed amended and restated and
no longer be of any force or effect.

 

6.7          
Modifications and Amendments. No amendment, modification or termination of this Agreement shall be binding upon
the parties hereto unless executed in writing by (i) the Company and (ii) the holders of the majority-in-interest of the Registrable
Securities.

 

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

 

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

 

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

 

6.11        
Governing Law. This Agreement shall be governed by, interpreted under, and construed in accordance with the internal
laws of the State of Delaware applicable to agreements made and to be performed within the State of Delaware, without giving effect
to any choice-of-law provisions thereof that would compel the application of the substantive laws of any other jurisdiction. Additionally,
the venue for any action taken with respect to this Agreement shall be any state or federal court in Delaware or New York.

 

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

 

6.13          Term.
This Agreement shall terminate on the earlier of (i) the fifth anniversary of the date of this Agreement or (ii) with respect
to any Holder, on the date that such Holder no longer holds any Registrable Securities. The provisions of Article IV shall survive
any such termination or expiration.

 

6.14         
Holder Information. Each Holder agrees, if requested, to represent to the Company the total number of Registrable
Securities held by such Holder in order for the Company to make determinations hereunder.

 

6.15         
Additional Holders; Joinder. In addition to persons or entities who may become Holders pursuant to Section 6.2
hereof, the Company may make any person or entity who has or acquires Common Stock or rights to acquire Common Stock after the
date hereof a party to this Agreement (each such person or entity, an “Additional Holder”) by obtaining
an executed joinder to this Agreement from such Additional Holder in the form of Exhibit B attached hereto (a “Joinder”).
Such Joinder shall specify the rights and obligations of the applicable Additional Holder under this Agreement. Upon the execution
and delivery and subject to the terms of a Joinder by such Additional Holder, the Common Stock of the Company then owned, or underlying
any rights then owned, by such Additional Holder (the “Additional Holder Common Stock”) shall be Registrable
Securities to the extent provided herein and therein and such Additional Holder shall be a Holder under this Agreement with respect
to such Additional Holder Common Stock.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    20

     

    

 

 

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

 

	 	COMPANY:

 

	 	RODGERS SILICON VALLEY ACQUISITION CORP.

 

	 	By:	 

	 	Name:

	 	Title:

 

	 	HOLDERS:

 

	 	[_______________________]

 

     

     

    

 

Exhibit A

 

Name and Address of Holders

 

To all Holders:

 

     

     

    

 

Exhibit B

 

Joinder

 

    21 

     

    

 

FORM OF JOINDER TO AMENDED AND RESTATED

REGISTRATION RIGHTS AGREEMENT

[______], 2021

 

Reference is made to
that certain Amended and Restated Registration Rights Agreement (as may be amended and/or restated from time to time, the “Registration
Rights Agreement”), dated as of [●], 2021, by and among Rodgers Silicon Valley Acquisition Corp., a Delaware
corporation (the “Company”), Rodgers Capital, LLC, a Delaware limited liability company (the “Sponsor”)
and the undersigned parties listed under Holder on the signature page thereto. Capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to such terms in the Registration Rights Agreement.

 

The undersigned hereby
agrees to and does become party to the Registration Rights Agreement as a Holder thereunder. This Joinder shall serve as a counterpart
signature page to the Registration Rights Agreement and by executing below the undersigned is deemed to have executed the Registration
Rights Agreement with the same force and effect as if originally named a party thereto.

 

This Joinder may be
executed in multiple counterparts, including by means of facsimile or electronic signature, each of which shall be deemed an original,
but all of which together shall constitute the same instrument.

 

[Remainder of Page Intentionally Left
Blank.]

 

 

    22 

     

    

 

IN WITNESS WHEREOF,
the undersigned have duly executed this Joinder as of the date first set forth above.

 

	 	HOLDER

 

	Printed Name of Holder:	 
	 	 
	 	By:	 
	 	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 
	Common Stock:	 
	Aggregate Purchase Price:	 
	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 
	 	Date:Exhibit 10.5

 

LOCK-UP AGREEMENT

 

THIS LOCK-UP AGREEMENT
(this “Agreement”) is dated as of [·], 2021, by and between
the undersigned (the “Holder”) and Rodgers Silicon Valley Acquisition Corp., a Delaware corporation (the “Purchaser”).
Capitalized terms used and not otherwise defined herein shall have the meanings given such terms in the Merger Agreement (as defined
below).

 

BACKGROUND

 

A.            Purchaser,
RSVAC Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of Purchaser and Enovix Corporation, a Delaware corporation
(the “Company”), entered into a Merger Agreement dated as of February 22, 2021 (the “Merger Agreement”).

 

B.            Pursuant
to the Merger Agreement, Purchaser will become the 100% stockholder of the Company (the “Transaction”).

 

C.            The
Holder is the record and/or beneficial owner of certain shares of Company Capital Stock, which will be exchanged for shares of
Parent Common Stock pursuant to the Merger Agreement.

 

D.            As
a condition of, and as a material inducement for Purchaser to enter into and consummate the transactions contemplated by the Merger
Agreement, the Holder has agreed to execute and deliver this Agreement.

 

NOW, THEREFORE, for and
in consideration of the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows:

 

AGREEMENT

 

1.             Lock-Up.

 

(a)            During
the Lock-up Period (as defined below), the Holder irrevocably agrees that it, he or she will not offer, sell, contract to sell,
pledge or otherwise dispose of, directly or indirectly, any of the Lock-up Shares (as defined below), enter into a transaction
that would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of
the economic consequences of ownership of such Lock-up Shares, whether any of these transactions are to be settled by delivery
of any such Lock-up Shares, in cash or otherwise, publicly disclose the intention to make any offer, sale, pledge or disposition,
or to enter into any transaction, swap, hedge or other arrangement, or engage in any Short Sales (as defined below) with respect
to any security of Purchaser (these actions, collectively, “Transfer”).

 

(b)            In
furtherance of the foregoing, Purchaser will (i) place an irrevocable stop order on all Lock-up Shares, including those which
may be covered by a registration statement, and (ii) notify Purchaser’s transfer agent in writing of the stop order
and the restrictions on such Lock-up Shares under this Agreement and direct Purchaser’s transfer agent not to process any
attempts by the Holder to resell or transfer any Lock-up Shares, except in compliance with this Agreement.

 

(c)            For
purposes hereof, “Short Sales” include, without limitation, all “short sales” as defined in Rule 200
promulgated under Regulation SHO under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and all types of direct and indirect stock pledges, forward sale contracts, options, puts, calls, swaps and similar arrangements
(including on a total return basis), and sales and other transactions through non-US broker dealers or foreign regulated brokers.

 

    

    

    

 

(d)            For
purpose of this Agreement, the “Lock-up Period” means (i) with respect to the Second Release Lock-up Shares
as specified on the signature page hereto, the period commencing on the Closing Date and ending on the date that is ninety
(90) days thereafter; and (ii) with respect to the Final Release Lock-up Shares as specified on the signature page hereto,
the period commencing on the Closing Date and ending on the date that is one hundred eighty (180) days thereafter. For the avoidance
of doubt, the restrictions set forth herein shall not apply to the First Release Lock-up Shares as specified on the signature page hereto.

 

In addition, the restrictions
set forth herein shall not apply to:

 

(1) Transfers or
distributions to the Holder’s current or former general or limited partners, managers or members, stockholders, other equityholders
or direct or indirect affiliates (within the meaning of Rule 405 under the Securities Act of 1933, as amended), or to any
investment fund or other entity controlling, controlled by, managing or managed by or under common control with the undersigned
or affiliates of the undersigned or who shares a common investment advisor with the undersigned, or to the estates of any of the
foregoing;

 

(2) Transfers by
bona fide gift to a member of the Holder’s immediate family or to a trust, the beneficiary of which is the Holder or a member
of the Holder’s immediate family, an affiliate of such person or to a charitable organization;

 

(3) by virtue of
the laws of descent and distribution upon death of the Holder;

 

(4) by operation
of law or pursuant to a court order, such as a qualified domestic relations order, divorce decree or separation agreement;

 

(5) Transfers to
a partnership, limited liability company or other entity of which the Holder and/or the Holder’s immediate family are the
legal and beneficial owner of all of the outstanding equity securities or similar interests;

 

(6) in the case
of an entity that is a trust, Transfers to a trustor or beneficiary of the trust or to the estate of a beneficiary of such trust;

 

(7) in the case
of an entity, Transfers by virtue of the laws of the state of the entity’s organization and the entity’s organizational
documents upon dissolution of the entity;

 

(8) Transfers of
any shares of Parent Common Stock or other securities acquired as part of the PIPE Financing or issued in exchange for, or on conversion
or exercise of, any securities issued as part of the PIPE Financing;

 

(9) Transfers relating
to Parent Common Stock or other securities convertible into or exercisable or exchangeable for Parent Common Stock acquired in
open market transactions after the Closing Date, provided that no such transaction is required to be, or is, publicly announced
(whether on Form 4, Form 5 or otherwise, other than a required filing on Schedule 13F, 13G or 13G/A) during the Lock-up
Period;

 

    

    

    

 

(10) the exercise
of stock options or warrants to purchase shares of Parent Common Stock or the vesting of stock awards of Parent Common Stock and
any related transfer of shares of Parent Common Stock in connection therewith (x) deemed to occur upon the “cashless”
or “net” exercise of such options or warrants or (y) for the purpose of paying the exercise price of such options
or warrants or for paying taxes due as a result of the exercise of such options or warrants, the vesting of such options, warrants
or stock awards, or as a result of the vesting of such shares of Parent Common Stock, it being understood that all shares of Parent
Common Stock received upon such exercise, vesting or transfer will remain subject to the restrictions of this Agreement during
the Lock-up Period;

 

(11) Transfers to Purchaser
pursuant to any contractual arrangement in effect at the effective time of the Merger that provides for the repurchase by Purchaser
or forfeiture of Parent Common Stock or other securities convertible into or exercisable or exchangeable for Parent Common Stock
in connection with the termination of the Holder’s service to Purchaser;

 

(12) the entry, by the
Holder, at any time after the effective time of the Merger, of any trading plan providing for the sale of shares of Parent Common
Stock by the Holder, which trading plan meets the requirements of Rule 10b5-1(c) under the Exchange Act, provided,
however, that such plan does not provide for, or permit, the sale of any shares of Parent Common Stock during the Lock-up
Period and no public announcement or filing is voluntarily made or required regarding such plan during the Lock-up Period; and

 

(13) Transfers to satisfy
any U.S. federal, state, or local income tax obligations of the Holder (or its direct or indirect owners) arising from a change
in the U.S. Internal Revenue Code of 1986, as amended (the “Code”), or the U.S. Treasury Regulations promulgated
thereunder (the “Regulations”) after the date on which the Merger Agreement was executed by the parties, and
such change prevents the Merger from qualifying as a “reorganization” pursuant to Section 368 of the Code (and
the Merger does not qualify for similar tax-free treatment pursuant to any successor or other provision of the Code or Regulations
taking into account such changes), in each case solely and to the extent necessary to cover any tax liability as a direct result
of the transaction;

 

in the case of clauses
(1) through (7) where such transferee agrees to be bound by the terms of this Agreement.

 

In addition, after the
Closing Date, if there is a Change of Control, then upon the consummation of such Change of Control, all Lock-up Shares shall be
released from the restrictions contained herein. A “Change of Control” means: (a) the sale of all or substantially
all of the consolidated assets of Purchaser and Purchaser subsidiaries to a third-party purchaser; (b) a sale resulting in
no less than a majority of the voting power of the Purchaser being held by person that did not own a majority of the voting power
prior to such sale; or (c) a merger, consolidation, recapitalization or reorganization of Purchaser with or into a third-party
purchaser that results in the inability of the pre-transaction equity holders to designate or elect a majority of the Board of
Directors (or its equivalent) of the resulting entity or its parent company.

 

2.             Representations
and Warranties. Each of the parties hereto, by their respective execution and delivery of this Agreement, hereby represents
and warrants to the others and to all third party beneficiaries of this Agreement that (a) such party has the full right,
capacity and authority to enter into, deliver and perform its respective obligations under this Agreement, (b) this Agreement
has been duly executed and delivered by such party and is the binding and enforceable obligation of such party, enforceable against
such party in accordance with the terms of this Agreement, and (c) the execution, delivery and performance of such party’s
obligations under this Agreement will not conflict with or breach the terms of any other agreement, contract, commitment or understanding
to which such party is a party or to which the assets or securities of such party are bound. The Holder has independently evaluated
the merits of its decision to enter into and deliver this Agreement, and such Holder confirms that it has not relied on the advice
of Purchaser, Purchaser’s legal counsel, the Company or its legal counsel, or any other person.

 

    

    

    

 

3.             Beneficial
Ownership. The Holder hereby represents and warrants that it does not beneficially own, directly or through its nominees (as
determined in accordance with Section 13(d) of the Exchange Act, and the rules and regulations promulgated thereunder),
any shares of capital stock of Purchaser, or any economic interest in or derivative of such stock, other than those securities
specified on the signature page hereto. For purposes of this Agreement, the common stock of the Company beneficially owned
by the Holder as specified on the signature page hereto, and the shares of Purchaser such shares will be converted into in
connection with the Transaction, are collectively referred to as the “Lock-up Shares.”

 

4.             No
Additional Fees/Payment. Other than the consideration specifically referenced herein, the parties hereto agree that no fee,
payment or additional consideration in any form has been or will be paid to the Holder in connection with this Agreement.

 

5.             Notices.
Any notices required or permitted to be sent hereunder shall be sent in writing, addressed as specified below, and shall be deemed
given: (a) if by hand or recognized courier service, by 4:00PM on a business day, addressee’s day and time, on the date
of delivery, and otherwise on the first business day after such delivery; (b) if by fax or email, on the date that transmission
is confirmed electronically, if by 4:00PM on a business day, addressee’s day and time, and otherwise on the first business
day after the date of such confirmation; or (c) five days after mailing by certified or registered mail, return receipt requested.
Notices shall be addressed to the respective parties as follows (excluding telephone numbers, which are for convenience only),
or to such other address as a party shall specify to the others in accordance with these notice provisions:

 

		(a)	If to Purchaser, to:

 

Rodgers Silicon
Valley Acquisition Corp.

535 Eastview
Way

Woodside,
CA 94062

Attention:

E-mail:

 

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

 

Loeb &
Loeb

345 Park Avenue,
19th Floor

New York,
NY 10154

Attention:
Mitchell S. Nussbaum, Esq.

E-mail: mnussbaum@loeb.com

 

		(b)	If to the Holder, to the address set forth on the Holder’s signature page hereto, with
a copy, which shall not constitute notice, to:

 

Cooley LLP

3175 Hanover Street

Palo Alto, CA 94304

Attention: Matthew Hemington

Email: hemingtonmb@cooley.com

Attention: Miguel J. Vega

Email: mvega@cooley.com

 

or to such other address as any party may
have furnished to the others in writing in accordance herewith.

 

    

    

    

 

6.             Enumeration
and Headings. The enumeration and headings contained in this Agreement are for convenience of reference only and shall not
control or affect the meaning or construction of any of the provisions of this Agreement.

 

7.             Counterparts.
This Agreement may be executed in facsimile and in any number of counterparts, each of which when so executed and delivered shall
be deemed an original, but all of which shall together constitute one and the same agreement.

 

8.             Successors
and Assigns. This Agreement and the terms, covenants, provisions and conditions hereof shall be binding upon, and shall inure
to the benefit of, the respective heirs, successors and assigns of the parties hereto. The Holder hereby acknowledges and agrees
that this Agreement is entered into for the benefit of and is enforceable by Purchaser and its successors and assigns.

 

9.             Severability.
If any provision of this Agreement is held to be invalid or unenforceable for any reason, such provision will be conformed to prevailing
law rather than voided, if possible, in order to achieve the intent of the parties and, in any event, the remaining provisions
of this Agreement shall remain in full force and effect and shall be binding upon the parties hereto.

 

10.           Amendment.
This Agreement may be amended or modified by written agreement executed by each of the parties hereto.

 

11.           Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as any other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

12.           No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

13.           Governing
Law. The terms and provisions of this Agreement shall be construed in accordance with the laws of the State of Delaware.

 

14.           Controlling
Agreement. To the extent the terms of this Agreement (as amended, supplemented, restated or otherwise modified from time to
time) directly conflicts with a provision in the Merger Agreement, the terms of this Agreement shall control.

 

15.           Termination.
This Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Period and (ii) the liquidation of
Purchaser.

 

[Signature Page Follows]

 

    

    

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Lock-up Agreement to be duly executed by their respective authorized signatories as of the
date first indicated above.

 

	 	Rodgers Silicon Valley Acquisition Corp.
	 	 	 
	 	By:	                 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Lockup Agreement]

 

    

    

    

 

IN WITNESS WHEREOF, the parties hereto have
caused this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	HOLDER
	 	 	 
	 	By:	
	 	 	Name:
	 	 	 
	 	 	Address:
	 	 	 
	 	 	[·]
	 	 	 
	 	First Release Lock-up Shares: [·]
	 	 	 
	 	Second Release Lock-up Shares: [·]
	 	 	 
	 	Final Release Lock-up Shares: [·]

 

[Signature Page to Lockup Agreement]

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