Document:

Exhibit 10.25 

 

AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

THIS AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of December 22, 2021, is made and entered into by and
among HealthCor Catalio Acquisition Corp., a Cayman Islands exempted company (the “Company”), and HC Sponsor LLC, a
Cayman Islands limited liability company (the “Sponsor”), the undersigned parties listed under Sponsor Group Holders
on the signature page(s) hereto (each such party, a “Sponsor Group Holder” and, collectively, the “Sponsor
Group Holders”) and the undersigned parties listed under Hyperfine Holders on the signature page(s) hereto (each such party,
a “Hyperfine Holder” and, collectively, the “Hyperfine Holders”). The Sponsor
Group Holders, the Hyperfine Holders and any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2
of this Agreement, are each referred to herein as a “Holder” and collectively as the “Holders.”

 

RECITALS

 

WHEREAS, the Company
has entered into that certain Business Combination Agreement (the “Business Combination Agreement”), dated as of July 7,
2021, by and among the Company, Optimus Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of the Company,
Optimus Merger Sub II, Inc., a Delaware corporation and a wholly owned subsidiary of the Company, Liminal Sciences, Inc., a
Delaware corporation, and Hyperfine, Inc., a Delaware corporation;

 

WHEREAS, pursuant to
the transactions contemplated by the Business Combination Agreement and subject to the terms and conditions set forth therein, among other
things, the Company will be domesticated as a Delaware corporation (the “Domestication”) and the Hyperfine Holders
will receive an aggregate of 3,055,094 shares of Class A common stock, $0.0001 par value per share (“Common Stock”)
and an aggregate of 15,055,288 shares of Class B common stock, $0.0001 par value per share (“Class B Common Stock”),
of the Company (the “Hyperfine Shares”), upon the closing of such transactions (the “Closing”);

 

WHEREAS, the Sponsor
Group Holders hold an aggregate of 5,175,000 shares of the Company’s Class B ordinary shares, par value $0.0001 per share (the
 “HealthCor Class B Ordinary Shares”), which shares of HealthCor Class B Ordinary Shares will first automatically
convert into an aggregate of 5,175,000 shares of Class B Common Stock in connection with the Domestication and then into 5,175,000
shares of Common Stock at the Closing (the “Founder Shares”);

 

WHEREAS, the Company
and the Sponsor are party to that certain Private Placement Shares Purchase Agreement, dated January 26, 2021, pursuant to which
the Sponsor purchased 614,000 shares of the Company’s Class A ordinary shares, par value $0.0001 per share (the “HealthCor
Class A Ordinary Shares”), in a private placement transaction occurring simultaneously with the closing of the Company’s
initial public offering and the exercise of the over-allotment option in connection therewith, which HelathCor Class A Ordinary Shares
will automatically convert into 614,000 shares of Common Stock (the “Private Placement Shares”) in connection with
the Domestication;

 

     

     

    

 

WHEREAS, the Sponsor
or an affiliate of the Sponsor or any of the Company’s officers or directors may, but are not obligated to, loan the Company funds
for certain purposes, of which up to $1,500,000 of such loans may be convertible into an additional 150,000 Private Placement Shares (the
 “Working Capital Shares”);

 

WHEREAS, the Company
has entered into separate Subscription Agreements (the “Subscription Agreements”) with the subscribers identified therein,
including investors affiliated with one or more of the Sponsor Group Holders (the “PIPE Investors”), pursuant to which
(i) the PIPE Investors will purchase an aggregate of 12,610,000 shares of Common Stock (the “PIPE Shares”),
in a private placement transaction that will close substantially concurrently with and immediately prior to the Closing and (ii) the
PIPE Investors were granted certain registration rights with respect to the PIPE Shares;

 

WHEREAS, the Company
and the Sponsor Group Holders are party to that certain Registration and Shareholder Rights Agreement dated January 26, 2021 (the
 “Existing Registration Rights Agreement”), pursuant to which the Sponsor Group Holders were granted certain registration
and other rights with respect to the Company securities then held by the Sponsor Group Holders;

 

WHEREAS, pursuant to
Section 6.8 of the Existing Registration Rights Agreement, the provisions, covenants and conditions set forth therein may be amended
or modified upon the written consent of the Company and the Sponsor Group Holders holding a majority-in-interest of the “Registrable
Securities” (as such term was defined in the Existing Registration Rights Agreement) at the time in question; and

 

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

 

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

 

DEFINITIONS

 

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

 

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

 

    2 

     

    

 

“Affiliate”
means, (i) with respect to any specified Person that is not a natural person, (a) any other Person which directly or indirectly
through one or more intermediaries controls, or is controlled by, or is under common control with, such specified Person, and (b) any
corporation, trust, limited liability company, general or limited partnership or other entity advised or managed by, or under common control
or management with, such Person (for the purposes of this definition, “control” (including, with correlative meanings, the
terms “controlling,” “controlled by” and “under common control with”), as used with respect to any
Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such
Person, whether through the ownership of voting securities, by agreement or otherwise) and (ii) with respect to any natural person,
(x) a parent, spouse (but not including a former spouse or a spouse from whom such Person is legally separated) or child (including
those adopted) of such individual, and (y) each trustee, solely in his or her capacity as trustee, for a trust naming only one or
more of the Persons listed in sub-clause (x) as beneficiaries.

 

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

 

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

 

“Business
Combination Agreement” shall have the meaning given in the Recitals hereto.

 

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

 

“Commission”
shall mean the U.S. Securities and Exchange Commission.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Form S-3”
shall have the meaning given in subsection 2.1.2.

 

“Founder
Shares” shall have the meaning given in the Recitals hereto.

 

“Founder
Shares Lock-up Period” shall mean, with respect to the Founder Shares, the Private Placement Shares, and any Working Capital
Shares, the period ending on the earlier of (A) one year after the Closing and (B) subsequent to the Closing, (x) if the
last reported sale price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30 consecutive trading days commencing at least 180 days after the
Closing, or (y) the date on which the Company completes a liquidation, merger, stock exchange, reorganization or other similar transaction
that results in all of the Company’s public stockholders having the right to exchange their shares of Common Stock for cash, securities
or other property.

 

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

 

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

 

“Hyperfine
Shares” shall have the meaning given in the Recitals hereto.

 

“Hyperfine
Shares Lock-up Period” shall mean, with respect to the Hyperfine Shares, the period ending on the earlier of (A) 180 days
after the Closing and (B) subsequent to the Closing, (x) if the last reported sale price of the Common Stock equals or exceeds
$12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days
within any 30 consecutive trading days after the Closing or (y) the date on which the Company completes a liquidation, merger, stock
exchange, reorganization or other similar transaction that results in all of the Company’s public stockholders having the right
to exchange their shares of Common Stock for cash, securities or other property.

 

“HealthCor
Class B Ordinary Shares” shall have the meaning given in the Recitals hereto.

 

“Insider
Letter” shall mean that certain letter agreement, dated as of January 26, 2021, by and among the Company, the Sponsor and
each of the Company’s officers and directors.

 

“Lock-up
Periods” shall mean the Founder Shares Lock-up Period and the Hyperfine Shares Lock-up Period.

 

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

 

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

 

“Permitted
Transferees” shall mean (i) a person or entity to whom a Holder of Registrable Securities is permitted to transfer such
Registrable Securities prior to the expiration of the Founder Shares Lock-up Period or (ii) with respect to any Hyperfine Holder,
any Affiliate of such Hyperfine Holder.

 

“Person”
means any individual, partnership, corporation, company, association, trust, joint venture, limited liability company, unincorporated
organization, entity or division, or any government, governmental department or agency or political subdivision thereof.

 

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

 

“PIPE Investor”
shall have the meaning given in the Recitals hereto.

 

“PIPE Shares”
shall have the meaning given in the Recitals hereto.

 

“Private
Placement Shares” shall have the meaning given in the Recitals hereto.

 

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

 

“Purchaser”
shall have the meaning given in the Recitals hereto.

 

“Registrable
Security” shall mean (a) the Founder Shares, (b) the Hyperfine Shares, (c) the Private Placement Shares, (d) any
Working Capital Shares, (e) any outstanding share of the Common Stock or any other equity security or equity-linked security (including
the shares of the Common Stock issued or issuable upon the exercise or conversion of any other equity security or equity-linked security)
of the Company held by a Holder as of immediately following the Closing, (f) any other equity security of the Company issued or issuable
with respect to any such share of the Common Stock or Class B Common Stock by way of a stock dividend or stock split or in connection
with a combination of shares, recapitalization, merger, consolidation or reorganization; provided, however, that, as to
any particular Registrable Security, such securities shall cease to be Registrable Securities when: (A) a Registration Statement
with respect to the sale of such securities shall have become effective under the Securities Act and such securities shall have been sold,
transferred, disposed of or exchanged in accordance with such Registration Statement; (B) such securities shall have been otherwise
transferred, new certificates for such securities not bearing a legend restricting further transfer shall have been delivered by the Company
and subsequent public distribution of such securities shall not require registration under the Securities Act; (C) such securities
shall have ceased to be outstanding; (D) such securities have been sold in compliance with Rule 144 promulgated under the Securities
Act, or after the date that is three years from the date hereof, such securities may be sold without volume or manner of sale restrictions
pursuant to Rule 144 promulgated under the Securities Act; or (E) such securities have been sold to, or through, a broker, dealer
or underwriter in a public distribution or other public securities transaction.

 

    5 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(F)            reasonable
fees and expenses of one (1) legal counsel selected by the majority-in-interest of the Demanding Holders initiating a Demand Registration
to be registered for offer and sale in the applicable Registration.

 

“Registration
Statement” shall mean any registration statement that covers the 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.

 

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

 

“Restricted
Securities” shall have the meaning given in subsection 3.7.1.

 

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

 

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

 

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

 

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

 

“Sponsor”
shall have the meaning given in the Recitals hereto.

 

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

 

“Subscription
Agreements” shall have the meaning given in the Recitals hereto.

 

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

 

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

 

“Working
Capital Shares” shall have the meaning given in the Recitals hereto.

 

REGISTRATIONS

 

1.2           Shelf
Registration.

 

1.2.1            Initial
Registration. The Company shall use its commercially reasonable efforts to file a Registration Statement under the Securities Act
promptly, but in any event within forty-five (45) days following the Closing, to permit the public resale of all the Registrable Securities
held by the Holders from time to time as permitted by Rule 415 under the Securities Act (or any successor or similar provision adopted
by the Commission then in effect) (“Rule 415”) on the terms and conditions specified in this subsection
2.1.1 and shall use its commercially reasonable efforts to cause such Registration Statement to be declared effective as soon
as practicable after the filing thereof, but in no event later than forty-five (45) days following the filing deadline (the “Effectiveness
Deadline”); provided, that the Effectiveness Deadline shall be extended to sixty (60) days after the filing deadline if
the Registration Statement is reviewed by, and receives comments from, the Commission. The Registration Statement filed with the Commission
pursuant to this subsection 2.1.1 shall be a shelf registration statement on Form S-1 (a “Form S-1”)
or such other form of registration statement as is then available to effect a registration for resale of such Registrable Securities,
covering such Registrable Securities, and shall contain a Prospectus in such form as to permit any Holder to sell such Registrable Securities
pursuant to Rule 415 at any time beginning on the effective date for such Registration Statement. A Registration Statement filed
pursuant to this subsection 2.1.1 shall provide for the resale pursuant to any method or combination of methods legally
available to, and requested by, the Holders. The Company shall use its commercially reasonable efforts to cause a Registration Statement
filed pursuant to this subsection 2.1.1 to remain effective, and to be supplemented and amended to the extent necessary
to ensure that such Registration Statement is available or, if not available, that another Registration Statement is available, for the
resale of all the Registrable Securities held by the Holders until all such Registrable Securities have ceased to be Registrable Securities.
As soon as practicable following the effective date of a Registration Statement filed pursuant to this subsection 2.1.1, but
in any event within two (2) business days of such date, the Company shall notify the Holders of the effectiveness of such Registration
Statement. When effective, a Registration Statement filed pursuant to this subsection 2.1.1 (including the documents
incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities
Act and the Exchange Act and will not contain a Misstatement.

 

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1.2.2            Form S-3.
  The Company shall use its commercially reasonable efforts to file a shelf registration statement on Form S-3 (“Form S-3”)
as soon as practicable after the Company is eligible to use Form S-3.

 

1.2.3            Shelf
Takedown. At any time and from time to time following the effectiveness of the shelf registration statement required by subsection
2.1.1 or 2.1.2, any Holder(s) may request to sell all or a portion of their Registrable Securities in an Underwritten
Offering that is registered pursuant to such shelf registration statement (a “Shelf Underwritten Offering”) provided
that such Holder(s) (a) reasonably expect aggregate gross proceeds in excess of $25,000,000 from such Shelf Underwritten Offering
or (b) reasonably expect to sell all of the Registrable Securities held by such Holder in such Shelf Underwritten Offering but in
no event for less than $5,000,000 in gross proceeds. All requests for a Shelf Underwritten Offering shall be made by giving written notice
to the Company (the “Shelf Takedown Notice”). Each Shelf Takedown Notice shall specify the approximate number of Registrable
Securities proposed to be sold in the Shelf Underwritten Offering and the expected price range (net of underwriting discounts and commissions)
of such Shelf Underwritten Offering. Within five (5) business days after receipt of any Shelf Takedown Notice, the Company shall
give written notice of such requested Shelf Underwritten Offering to all other Holders of Registrable Securities (the “Company
Shelf Takedown Notice”) and, subject to reductions consistent with the pro rata calculations in subection 2.2.4,
shall include in such Shelf Underwritten Offering all Registrable Securities with respect to which the Company has received written requests
for inclusion therein, within five (5) days after sending the Company Shelf Takedown Notice. The Company shall enter into an underwriting
agreement in a form as is customary in Underwritten Offerings of securities by the Company with the managing Underwriter or Underwriters
selected by the initiating Holder(s) after consultation with the Company and shall take all such other reasonable actions as are
requested by the managing Underwriter or Underwriters in order to expedite or facilitate the disposition of such Registrable Securities.
In connection with any Shelf Underwritten Offering contemplated by this subsection 2.1.3, subject to Section 3.4 and Article IV,
the underwriting agreement into which each Holder and the Company shall enter shall contain such representations, covenants, indemnities
and other rights and obligations of the Company and the selling stockholders as are customary in Underwritten Offerings of securities
by the Company. Under no circumstances shall the Company be obligated to effect more than (i) one Shelf Underwritten Offering pursuant
to this subsection 2.1.3 at the request of one or more Sponsor Group Holders or (ii) an aggregate of three (3) Shelf
Underwritten Offerings pursuant to this subsection 2.1.3 with respect to any or all Registrable Securities.

 

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1.3           Demand
Registration.

 

1.3.1            Request
for Registration. Subject to the provisions of subsection 2.2.4 hereof and provided that the Company does not have an effective
Registration Statement pursuant to subsection 2.1 outstanding covering the Registrable Securities, the Holders of at least a majority-in-interest
of the then outstanding number of Registrable Securities held by the Hyperfine Holders or the Sponsor Group Holders (the “Demanding
Holders”), in each case, may make a written demand for Registration of all or part of their Registrable Securities, which written
demand shall describe the amount and type of securities to be included in such Registration and the intended method(s) of distribution
thereof (such written demand a “Demand Registration”). The Company shall, within ten (10) days of the Company’s
receipt of the Demand Registration, notify, in writing, all other Holders of Registrable Securities of such demand, and each Holder of
Registrable Securities who thereafter wishes to include all or a portion of such Holder’s Registrable Securities in a Registration
pursuant to a Demand Registration (each such Holder that includes all or a portion of such Holder’s Registrable Securities in such
Registration, a “Requesting Holder”) shall so notify the Company, in writing, within five (5) days after the receipt
by the Holder of the notice from the Company. Upon receipt by the Company of any such written notification from a Requesting Holder(s) to
the Company, such Requesting Holder(s) shall be entitled to have their Registrable Securities included in a Registration pursuant
to a Demand Registration and the Company shall effect, as soon thereafter as practicable, the Registration of all Registrable Securities
requested by the Demanding Holders and Requesting Holders pursuant to such Demand Registration, including by filing a Registration Statement
relating thereto as soon as practicable, but not more than forty-five (45) days immediately after the Company’s receipt of the Demand
Registration. Under no circumstances shall the Company be obligated to effect more than (i) one Demand Registration under this subsection
2.2.1 at the request of one or more Sponsor Group Holders or (ii) an aggregate of three (3) Registrations pursuant to a
Demand Registration under this subsection 2.2.1 with respect to any or all Registrable Securities; provided, however,
that a Registration pursuant to a Demand Registration shall not be counted for such purposes unless a Registration Statement with respect
to such Demand Registration has become effective and all of the Registrable Securities requested by the Requesting Holders and the Demanding
Holders to be registered on behalf of the Requesting Holders and the Demanding Holders on such Registration Statement have been sold,
in accordance with Section 3.1 of this Agreement.

 

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

 

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

 

1.3.4            Reduction
of Underwritten Offering. If the managing Underwriter or Underwriters in an Underwritten Registration pursuant to a Demand Registration,
in good faith, advises the Company, the Demanding Holders and the Requesting Holders (if any) in writing that the dollar amount or number
of Registrable Securities that the Demanding Holders and the Requesting Holders (if any) desire to sell, taken together with all other
Common Stock or other equity securities that the Company desires to sell and the Common Stock, if any, as to which a Registration has
been requested pursuant to separate written contractual piggy-back registration rights held by any other stockholders who desire to sell,
exceeds the maximum dollar amount or maximum number of equity securities that can be sold in the Underwritten Offering without adversely
affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering (such maximum
dollar amount or maximum number of such securities, as applicable, the “Maximum Number of Securities”), then the Company
shall include in such Underwritten Offering, as follows: (i) first, the Registrable Securities of the Demanding Holders and the Requesting
Holders (if any) (pro rata based on the respective number of Registrable Securities that each Demanding Holder and Requesting Holder (if
any) has requested be included in such Underwritten Registration and the aggregate number of Registrable Securities that the Demanding
Holders and Requesting Holders have requested be included in such Underwritten Registration) that can be sold without exceeding the Maximum
Number of Securities; (ii) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause
(i), the Registrable Securities of Holders (pro rata, based on the respective number of Registrable Securities that each Holder has so
requested) exercising their rights to register their Registrable Securities pursuant to subsection 2.3.1 hereof, without exceeding
the Maximum Number of Securities; and (iii) third, to the extent that the Maximum Number of Securities has not been reached under
the foregoing clauses (i) and (ii), the Common Stock or other equity securities that the Company desires to sell, which can be sold
without exceeding the Maximum Number of Securities; and (iv) fourth, to the extent that the Maximum Number of Securities has not
been reached under the foregoing clauses (i), (ii) and (iii), the Common Stock or other equity securities of other persons or entities
that the Company is obligated to register in a Registration pursuant to separate written contractual arrangements with such persons and
that can be sold without exceeding the Maximum Number of Securities.

 

    10 

     

    

 

1.3.5            Demand
Registration Withdrawal. A majority-in-interest of the Demanding Holders initiating a Demand Registration or a majority-in-interest
of the Requesting Holders (if any), pursuant to a Registration under subsection 2.2.1 shall have the right to withdraw from a Registration
pursuant to such Demand Registration or a Shelf Underwritten Offering pursuant to subsection 2.1.3 for any or no reason whatsoever
upon written notification to the Company and the Underwriter or Underwriters (if any) of their intention to withdraw from such Registration
at least two (2) business days prior to the effectiveness of the Registration Statement filed with the Commission with respect to
the Registration of their Registrable Securities pursuant to such Demand Registration (or in the case of an Underwritten Registration
pursuant to subsection 2.1.1 or 2.2.4 at least five (5) business days prior to the time of pricing of the applicable
offering). Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses
incurred in connection with a Registration pursuant to a Demand Registration prior to its withdrawal under this subsection 2.2.5.

 

1.4           Piggyback
Registration.

 

1.4.1            Piggyback
Rights. If the Company proposes to file a Registration Statement under the Securities Act with respect to an offering of equity securities,
or securities or other obligations exercisable or exchangeable for, or convertible into equity securities, for its own account or for
the account of stockholders of the Company (or by the Company and by the stockholders of the Company including, without limitation, pursuant
to Sections 2.1 and 2.2 hereof), other than a Registration Statement (i) filed in connection with any employee stock
option or other benefit plan, (ii) for a rights offering or an exchange offer or offering of securities solely to the Company’s
then existing stockholders, (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 give written notice of such proposed filing to all of the Holders of Registrable
Securities as soon as practicable but not less than ten (10) days before the anticipated filing date of such Registration Statement,
which notice shall (A) describe the amount and type of securities to be included in such offering, the intended method(s) of
distribution, and the name of the proposed managing Underwriter or Underwriters, if any, in such offering, and (B) offer to all of
the Holders of Registrable Securities the opportunity to register the sale of such number of Registrable Securities as such Holders may
request in writing within five (5) days after receipt of such written notice (such Registration a “Piggyback Registration”).
The Company shall, in good faith, cause such Registrable Securities to be included in such Piggyback Registration and shall use its commercially
reasonable efforts to cause the managing Underwriter or Underwriters of a proposed Underwritten Offering to permit the Registrable Securities
requested by the Holders pursuant to this subsection 2.3.1 to be included in a Piggyback Registration on the same terms and conditions
as any similar securities of the Company included in such Registration and to permit the sale or other disposition of such Registrable
Securities in accordance with the intended method(s) of distribution thereof. All such Holders proposing to distribute their Registrable
Securities through an Underwritten Offering under this subsection 2.3.1 shall enter into an underwriting agreement in customary
form with the Underwriter(s) selected for such Underwritten Offering by the Company. Holders agree that, except as required by applicable
law, the Holders shall treat as confidential any notice or other communication in connection with any Piggyback Registration and shall
not disclose or use the information contained in such notice without the prior written consent of the Company until such time as the information
contained therein is or becomes public, other than as a result of disclosure by a Holder of Registrable Shares in breach of the terms
of this Agreement.

 

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

 

(a)            If
the Registration is undertaken for the Company’s account, the Company shall include in any such Registration (A) first, the
Common Stock or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities;
(B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable
Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.3.1 hereof, pro
rata, based on the respective number of Registrable Securities that each Holder has so requested, which can be sold without exceeding
the Maximum Number of Securities; and (C) third, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clauses (A) and (B), the Common Stock, if any, as to which Registration has been requested pursuant to written contractual
piggy-back registration rights of other stockholders of the Company (pro rata based on the respective number of shares of Common Stock
that each such stockholder holds), which can be sold without exceeding the Maximum Number of Securities;

 

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

 

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1.4.3            Piggyback
Registration Withdrawal. Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback Registration for any
or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of his, her or its intention
to withdraw from such Piggyback Registration at least two (2) business days prior to the effectiveness of the Registration Statement
filed with the Commission with respect to such Piggyback Registration (or in the case of an Underwritten Registration pursuant to Rule 415,
at least five (5) business days prior to the time of pricing of the applicable offering). The Company (whether on its own good faith
determination or as the result of a request for withdrawal by persons pursuant to separate written contractual obligations) may withdraw
a Registration Statement filed with the Commission in connection with a Piggyback Registration at any time prior to the effectiveness
of such Registration Statement. Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration
Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under this subsection 2.3.3.

 

1.4.4            Unlimited
Piggyback Registration Rights. For purposes of clarity, any Registration effected pursuant to Section 2.3 hereof shall
not be counted as a Registration pursuant to a Demand Registration effected under Section 2.2 hereof.

 

1.5           Restrictions
on Registration Rights. If (A) during the period starting with the date sixty (60) days prior to the Company’s good faith
estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of, a Company initiated
Registration and provided that the Company has delivered written notice to the Holders prior to receipt of a Demand Registration pursuant
to subsection 2.2.1 and it continues to actively employ, in good faith, all reasonable efforts to cause the applicable Registration
Statement to become effective; (B) the Holders have requested an Underwritten Registration and the Company and the Holders are unable
to obtain the commitment of underwriters to firmly underwrite the offer; or (C) in the good faith judgment of the Board such Registration
would be seriously detrimental to the Company and the Board concludes as a result that it is essential to defer the filing of such Registration
Statement at such time, then in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board,
the Chief Executive Officer, the President, the Chief Financial Officer or the Secretary of the Company stating that in the good faith
judgment of the Board it would be seriously detrimental to the Company for such Registration Statement to be filed in the near future
and that it is therefore essential to defer the filing of such Registration Statement. In such event, the Company shall have the right
to defer such filing for a period of not more than ninety (90) days; provided, however, that the Company shall not defer
its obligation in this manner more than once in any 12-month period.

 

COMPANY
PROCEDURES

 

1.6            General
Procedures. If at any time on or after the Closing, the Company is required to effect the Registration of Registrable Securities,
the Company shall use its commercially reasonable efforts to effect such Registration to permit the sale of such Registrable Securities
in accordance with the intended plan of distribution thereof, and pursuant thereto the Company shall, as soon as reasonably practicable:

 

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

 

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

 

1.6.3            prior
to filing a Registration Statement or Prospectus in connection with a Demand Registration, or any amendment or supplement thereto (except
for supplements containing Exchange Act reports of the Company filed with respect to a Registration Statement or Prospectus for which
forward incorporation by reference is unavailable), 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 Underwriters and the Holders of Registrable Securities included in such Registration or the legal counsel for any such
Holders may request in order to facilitate the disposition of the Registrable Securities owned by such Holders;

 

1.6.4            prior
to any public offering of Registrable Securities, 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 or take
any action to which it would be subject to general service of process or taxation in any such jurisdiction where it is not then otherwise
so subject;

 

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

 

1.6.6            provide
a transfer agent and registrar for all such Registrable Securities no later than the effective date of such Registration Statement;

 

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

 

1.6.8            at
least five (5) days prior to the filing of any Registration Statement or Prospectus in connection with a Demand Registration, or
any amendment or supplement to such Registration Statement or Prospectus (except for supplements containing Exchange Act reports of the
Company filed with respect to a Registration Statement or Prospectus for which forward incorporation by reference is unavailable), furnish
a copy thereof to each seller of such Registrable Securities or its counsel;

 

1.6.9            notify
the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities Act,
of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes
a Misstatement, and then to correct such Misstatement as set forth in Section 3.5 hereof;

 

1.6.10            permit
a representative of the Holders (such representative to be selected by a majority-in-interest of the Holders with Registrable Securities
to be registered on the Registration Statement), the Underwriters, if any, and any attorney or accountant retained by such Holders or
Underwriter to participate, at each such person’s own expense, in the preparation of the Registration Statement, and cause the Company’s
officers, directors and employees to supply all information reasonably requested by any such representative, Underwriter, attorney or
accountant in connection with the Registration; provided, however, that such representative or Underwriter enter into a
confidentiality agreement, in form and substance reasonably satisfactory to the Company, prior to the release or disclosure of any such
information;

 

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

 

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

 

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

 

1.6.14            make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12)
months beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration Statement
which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule promulgated
thereafter by the Commission); provided that the Company will be deemed to have satisfied such requirement to the extent such information
is filed on EDGAR or any successor system;

 

1.6.15            in
connection with any Shelf Underwritten Offering pursuant to subsection 2.1.3 or any Underwritten Offering pursuant to subsection
2.2.3, if such Shelf Underwritten Offering or Underwritten Offering involves the sale of Registrable Securities for gross proceeds
in excess of $25,000,000, use its reasonable efforts to make available senior executives of the Company to participate in customary “road
show” presentations that may be reasonably requested by the Underwriter in such Shelf Underwritten Offering or Underwritten Offering,
as the case may be; and

 

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

 

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

 

1.8            Holder
Information Required for Participation in Registrations. At least ten (10) business days prior to the first anticipated filing
date of a Registration Statement, the Company shall use its commercially reasonable efforts to notify each Holder in writing (which may
be by email) of the information reasonably necessary about the Holder to include such Holder’s Registrable Securities in such Registration
Statement. At least three (3) business days prior to the anticipated filing date of any post-effective amendment of a Registration
Statement (including pursuant to subsection 2.1.2), the Company shall use its commercially reasonable efforts to notify each Holder
of Registrable Securities included in such Registration Statement in writing (which may be by email) of the information reasonably necessary
about the Holder to keep such Holder’s Registrable Securities in such Registration Statement. Notwithstanding anything else in this
Agreement, the Company shall not be obligated to include or keep a Holder’s Registrable Securities in a Registration Statement to
the extent the Company has not received such information, and received any other reasonably requested agreements or certificates, on or
prior to the fifth (5th) business day prior to the first anticipated filing date of a Registration Statement or the second
(2nd) business day prior to the anticipated filing date of any post-effective amendment of a Registration Statement, as applicable.

 

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1.9            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.

 

1.10            Suspension
of Sales; Adverse Disclosure. Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains
a Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until such Holder has received copies
of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare
and file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised in writing by the
Company that the use of the Prospectus may be resumed. If the filing, initial effectiveness or continued use of a Registration Statement
in respect of any Registration at any time would require the Company to make an Adverse Disclosure or would require the inclusion in such
Registration Statement of financial statements that are unavailable to the Company for reasons beyond the Company’s control, the
Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend
use of, such Registration Statement for the shortest period of time, but in no event more than forty-five (45) days, 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 agree to suspend, immediately upon their receipt of the notice referred to above, their use of the Prospectus relating to any
Registration in connection with any sale or offer to sell Registrable Securities. The Company shall immediately notify the Holders of
the expiration of any period during which it exercised its rights under this Section 3.5.

 

1.11            Reporting
Obligations. As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company
under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period)
all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act.
The Company further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required
from time to time to enable such Holder to sell shares of the Common Stock held by such Holder without registration under the Securities
Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule promulgated
thereafter by the Commission), including providing any legal opinions, it being acknowledged by the Holders that the securities of the
Company will not be eligible for resale pursuant to Rule 144 promulgated under the Securities Act, until, among other requirements,
at least one year has elapsed from the time that the Company has filed current Form 10 information with the Commission reflecting
its status as an entity that is not a shell company. Upon the request of any Holder, the Company shall deliver to such Holder a written
certification of a duly authorized officer as to whether it has complied with such requirements.

 

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1.12            Lock-up
Restrictions.

 

1.12.1            During
the Founder Shares Lock-up Period, none of the Sponsor Group Holders shall, and during the Hyperfine Shares Lock-up Period, none of the
Hyperfine Holders shall: offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose
of or distribute any shares of Common Stock or Class B Common Stock that are subject to the applicable Lock-up Period or any securities
convertible into, exercisable for, exchangeable for or that represent the right to receive shares of Common Stock or Class B Common
Stock that are subject to the applicable Lock-up Period, whether now owned or hereinafter acquired, that is owned directly by such Holder
(including securities held as a custodian) or with respect to which such Holder has beneficial ownership within the rules and regulations
of the Commission (such securities that are subject to an applicable Lock-up Period, the “Restricted Securities”),
other than any transfer to a Permitted Transferee. The foregoing restriction is expressly agreed to preclude each Holder, as applicable,
from engaging in any hedging or other transaction with respect to Restricted Securities which is designed to or which reasonably could
be expected to lead to or result in a sale or disposition of the Restricted Securities even if such Restricted Securities would be disposed
of by someone other than such Holder. Such prohibited hedging or other transactions include any short sale or any purchase, sale or grant
of any right (including any put or call option) with respect to any of the Restricted Securities of the applicable Holder, or with respect
to any security that includes, relates to, or derives any significant part of its value from such Restricted Securities.

 

1.12.2            Each
Holder hereby represents and warrants that it now has and for the duration of the applicable Lock-up Period, will have good and marketable
title to its Restricted Securities, free and clear of all liens, encumbrances, and claims that could impact the ability of such Holder
to comply with the foregoing restrictions. Each Holder agrees and consents to the entry of stop transfer instructions with the Company’s
transfer agent and registrar against the transfer of any Restricted Securities during the applicable Lock-up Period.

 

INDEMNIFICATION
AND CONTRIBUTION

 

1.13            Indemnification.

 

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

 

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

 

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

 

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

 

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

 

MISCELLANEOUS

 

1.14            Notices.
Any notice or communication under this Agreement must be in writing and given by (i) deposit in the United States mail, addressed
to the party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person or
by courier service providing evidence of delivery, or (iii) transmission by hand delivery, electronic mail or facsimile. Each notice
or communication that is mailed, delivered, or transmitted in the manner described above shall be deemed sufficiently given, served, sent,
and received, in the case of mailed notices, on the third business day following the date on which it is mailed and, in the case of notices
delivered by courier service, hand delivery, electronic mail or facsimile, at such time as it is delivered to the addressee (with the
delivery receipt or the affidavit of messenger) or at such time as delivery is refused by the addressee upon presentation. Any notice
or communication under this Agreement must be addressed to the Company, 530 Old Whitfield Street, Guilford, Connecticut 06437, Attn: Chief
Executive Officer, with a copy (which shall not constitute notice) to Michael L. Fantozzi, Esq., Mintz, Levin, Cohn, Ferris, Glovsky
and Popeo, P.C., One Financial Center, Boston, MA 02111, and, if to any Holder, at such Holder’s address or other contact information
as set forth in the Company’s books and records. Any party may change its address for notice at any time and from time to time by
written notice to the other parties hereto, and such change of address shall become effective thirty (30) days after delivery of such
notice as provided in this Section 5.1.

 

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1.15            Assignment;
No Third Party Beneficiaries.

 

1.15.1            This
Agreement and the rights, duties and obligations of the Company and the Holders, as the case may be, hereunder may not be assigned or
delegated by the Company or the Holders, as the case may be, in whole or in part, except in connection with a transfer of Registrable
Securities by such Holder to a Permitted Transferee but only if such Permitted Transferee agrees to become bound by the terms and restrictions
set forth in this Agreement.

 

1.15.2            Prior
to the expiration of the Founder Shares Lock-up Period or Hyperfine Shares Lock-up Period, as the case may be, no Holder may assign or
delegate such Holder’s rights, duties or obligations under this Agreement, in whole or in part, except in connection with a transfer
of Registrable Securities by such Holder to a Permitted Transferee but only if such Permitted Transferee agrees to become bound by the
transfer restrictions set forth in this Agreement, including the lock up restrictions applicable to the transferor, or any other applicable
agreements between the Company and such Holder.

 

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

 

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

 

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

 

1.16            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.

 

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

 

    21 

     

    

 

1.18            Governing
Law; Venue. NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY
AGREE THAT (I) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF NEW YORK, INCLUDING, WITHOUT
LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(B), AS APPLIED
TO AGREEMENTS AMONG NEW YORK RESIDENTS ENTERED INTO AND TO BE PERFORMED ENTIRELY WITHIN NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAW
PROVISIONS OF SUCH JURISDICTION, AND (II) THE VENUE FOR ANY ACTION TAKEN WITH RESPECT TO THIS AGREEMENT SHALL BE ANY STATE OR FEDERAL
COURT IN NEW YORK COUNTY IN THE STATE OF NEW YORK.

 

1.19            Entire
Agreement. This Agreement (including all agreements entered into pursuant hereto and all certificates and instruments delivered pursuant
hereto and thereto) constitutes 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.
This Agreement amends and restated the Existing Registration Rights Agreement in its entirety as set forth herein and upon execution of
this Agreement, all provisions of, rights granted and covenants made in the Existing Registration Rights Agreement are hereby waived,
released and superseded in their entirety and shall have no further force and effect. Upon the execution of this Agreement (i) the
lock-up restrictions set forth in paragraph 5 of the Insider Letter shall automatically terminate and be superseded by the lock-up restrictions
set forth in Section 3.7 of this Agreement, such that the Founder Shares and Private Placement Shares will be subject to the
applicable lock-up restrictions set forth in Section 3.7 of this Agreement and not subject to the lock-up restrictions set
forth in paragraph 5 of the Insider Letter and (ii) except as described in the foregoing clause (i), the Insider Letter shall continue
to be and shall remain in full force and effect in accordance with its terms.

 

1.20            Amendments
and Modifications. Upon the written consent of the Company and the Holders of at least a majority-in-interest of the Registrable Securities
at the time in question (including the Holders of a majority-in-interest of the Founder Shares and the Holders of a majority-in-interest
of the Hyperfine Shares), compliance with any of the provisions, covenants and conditions set forth in this Agreement may be waived, or
any of such provisions, covenants or conditions may be amended or modified; provided, however, that notwithstanding the
foregoing, any amendment hereto or waiver hereof that adversely affects any Holder(s), solely in its capacity as a holder of the shares
of capital stock of the Company, in a manner that is materially different from other Holders (in such capacity) shall require the consent
of the Holder(s) so affected. No course of dealing between any Holder or the Company and any other party hereto or any failure or
delay on the part of a Holder or the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any
rights or remedies of any Holder or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party
shall operate as a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party. Any waiver,
amendment or modification effected in accordance with this Section 5.7 shall be binding on all parties hereto, regardless
of whether any such party has consented thereto.

 

1.21            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.

 

    22 

     

    

 

1.22            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.

 

1.23            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 Holders may proceed to protect and enforce their respective 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.

 

1.24            Other
Registration Rights. The Company represents and warrants that no person, other than the Holders with respect to Registrable Securities,
or the PIPE Investors pursuant to the terms of the Subscription Agreements with respect to the PIPE Shares, has any right to require the
Company to register any securities of the Company for sale or to include such securities of the Company in any Registration filed by the
Company for the sale of securities for its own account or for the account of any other person. Further, the Company represents and warrants
that this Agreement supersedes any other registration rights agreement or agreement with similar terms and conditions (excluding the Subscription
Agreements) and in the event of a conflict between any such agreement or agreements and this Agreement, the terms of this Agreement shall
prevail.

 

1.25            Term.
This Agreement shall terminate upon the earlier of (i) the tenth anniversary of the date of this Agreement or (ii) the date
as of which (A) all of the Registrable Securities have been sold pursuant to a Registration Statement (but in no event prior to the
applicable period referred to in Section 4(a)(3) of the Securities Act and Rule 174 thereunder) or (B) after the date
that is three years from the date hereof, the Holders of all Registrable Securities are permitted to sell the Registrable Securities pursuant
to Rule 144 promulgated under the Securities Act without volume or manner of sale restrictions. The provisions of Section 3.6
and Article IV shall survive any termination.

 

[SIGNATURE PAGES FOLLOW]

 

    23 

     

    

 

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

 

	 	COMPANY:
	 	 
	 	HEALTHCOR CATALIO ACQUISITION CORP.,
	 	a Cayman Islands exempted company
	 	 
	 	By: 	/s/ Christine Clarke
	 	Name:   	Christine Clarke
	 	Title:  	Chief Financial Officer

 

[Signature
Page to Registration Rights Agreement]

 

    

     

    

 

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

 

	SPONSOR GROUP HOLDERS:	 
	 	 
	HC SPONSOR LLC,	 
	a Cayman Islands limited liability company	 
	 	 
	By: 	 /s/ Christine Clarke	 
	Name: 	Christine Clarke	 
	Title:   	Chief Financial Officer	 

 

	/s/ Michael Weinstein	 
	Michael Weinstein	 

 

	/s/ Christopher Wolfgang	 
	Christopher Wolfgang	 

 

	/s/ Taylor Harris	 
	Taylor Harris	 

 

[Signature
Page to Registration Rights Agreement]

 

    

     

    

 

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

 

HYPERFINE HOLDERS:

 

	/s/ Jonathan M. Rothberg	 	ELIZABETH A. WHAYLAND AND
	Jonathan M. Rothberg	 	GREGORY T. MULHERN, AS JOINT
	 	 	TENANTS WITH RIGHT OF
	/s/ Scott Huennekens	 	SURVIVORSHIP
	Scott Huennekens	 	 
	 	 	By:	/s/ Elizabeth A. Whayland
	/s/ Ruth Fattori	 	Name: Elizabeth A. Whayland
	Ruth Fattori	 	 
	 	 	By:	/s/Gregory T. Mulhern
	/s/ David Scott	 	Name: Gregory T. Mulhern
	David Scott	 	 
	 	 	 
	/s/ Daguang Wang	 	 
	Daguang Wang	 	 
	 	 	 
	/s/ Mark Hughes	 	 
	Mark Hughes	 	 
	 	 	 
	/s/ Khan Siddiqui	 	 
	Khan Siddiqui	 	 
	 	 	 
	/s/ Neela Paykel	 	 
	Neela Paykel	 	 
	 	 	 
	/s/ Dan Wolterman	 	 
	Dan Wolterman	 	 
	 	 	 
	/s/ John Dahldorf	 	 
	John Dahldorf	 	 
	 	 	 
	/s/ Elizabeth A. Whayland	 	 
	Elizabeth A. Whayland	 	 

 

[Signature Page to
Registration Rights Agreement]

 

    

     

    

 

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

 

HYPERFINE HOLDERS:

 

	/s/ Alok Gupta	 
	Alok Gupta	 
	 	 
	/s/ John Dahldorf	 
	John Dahldorf	 
	 	 
	/s/ Elizabeth A. Whayland	 
	Elizabeth A. Whayland	 
	 	 
	/s/ Bonnie E. Gould Rothberg	 
	Bonnie E. Gould Rothberg MD	 

 

[Signature
Page to Registration Rights Agreement]

 

    

     

    

 

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

 

	HYPERFINE HOLDERS:	 	YH NORTH AMERICA CAPITAL L.P.
	 	 	 
	4C HOLDINGS I, LLC	 	By:	/s/ HUANG Ting
	 	 	 
	By:	/s/
    Jonathan M. Rothberg 	 	Name: 	HUANG
    Ting
	 	 	 
	Name: 	Jonathan M.
    Rothberg	 	Title:	Authorised Signatory
    of the General Partner
	 	 	 
	Title:	Manager	 	 YONGHUA INTERNATIONAL I L.P.
	 	 	 
	4C HOLDINGS V, LLC	 	By:	/s/ YANG Lihua
	 	 	 	 
	By:	/s/ Jonathan
    M. Rothberg	 	Name: 	YANG Lihua
	 	 	 	 
	Name:	Jonathan M.
    Rothberg	 	Title:	Authorised Signatory
    of the General Partner
	 	 	 	 
	Title:	Manager	 	YONGHUA INTERNATIONAL II L.P.
	 	 	 
	23RD CENTURY CAPITAL LLC	 	By:	/s/ HUANG Ting
	 	 	 	 
	By:	/s/ Jonathan
    M. Rothberg	 	Name: 	HUANG Ting
	 	 	  	 
	Name:  	Jonathan M.
    Rothberg	 	Title:	Authorised Signatory
    of the General Partner
	 	 	 	 
	Title:	Manager	 	    
	 	 	 
	2012 JMR TRUST COMMON, LLC	 	 
	 	 	 
	By:	/s/ Jonathan
    M. Rothberg	 	 
	 	 	 
	Name:	Jonathan M.
    Rothberg	 	     
	 	 	 
	Title:	Manager	 	    

 

[Signature
Page to Registration Rights Agreement]Exhibit 10.26

 

FORM OF LOCK-UP AGREEMENT

 

December 22, 2021

 

HealthCor Catalio Acquisition Corp.

55 Hudson Yards, 28th Floor

New York, NY 10001

 

Hyperfine, Inc.

Liminal Sciences, Inc.

530 Old Whitfield Street

Guilford, Connecticut 06437

 

RE:         Lock-up
Agreement (this “Agreement”)

 

Ladies and Gentlemen:

 

Reference is made to that
certain Business Combination Agreement (the “Business Combination Agreement”), dated as of July 7, 2021, by and
among HealthCor Catalio Acquisition Corp., a Cayman Islands exempted company (“New Hyperfine”), Optimus Merger Sub
I, Inc., a Delaware corporation, Optimus Merger Sub II, Inc., a Delaware corporation, Hyperfine, Inc., a Delaware corporation
(“Old Hyperfine”), and Liminal Sciences, Inc., a Delaware corporation (“Old Liminal Sciences”
and together with Old Hyperfine, the “Companies”), pursuant to which holders of Old Hyperfine capital stock and Old
Liminal Sciences capital stock will receive shares of Class A common stock, $0.0001 par value per share (“Common Stock”),
and/or shares of Class B common stock, $0.0001 par value per share (“Class B Common Stock”), of New Hyperfine,
upon and subject to the closing (the “Closing”) of the transactions contemplated thereby (the “Business Combination”).
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Business Combination Agreement.

 

In connection with the Business
Combination, and for other good and valuable consideration receipt of which is hereby acknowledged, the undersigned hereby agrees that,
without the prior written consent of the Companies and New Hyperfine, the undersigned will not, for the period beginning on the date
of this Agreement and ending on the earlier of:

 

		(A)	180 days after the Closing; and

 

		(B)	subsequent to the Closing, (x) if
                                            the last reported sale price of the Common Stock equals or exceeds $12.00 per share (as adjusted
                                            for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any
                                            20 trading days within any 30 consecutive trading days after the Closing or (y) the
                                            date on which New Hyperfine completes a liquidation, merger, stock exchange, reorganization
                                            or other similar transaction that results in all of New Hyperfine’s public stockholders
                                            having the right to exchange their shares of Common Stock for cash, securities or other property

 

(the “Lock-up Period”), (1) offer,
sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of or distribute any shares of
Common Stock or Class B Common Stock or any securities convertible into, exercisable for, exchangeable for or that represent the
right to receive shares of Common Stock or Class B Common Stock, whether now owned or hereinafter acquired, (including, without
limitation, shares of Old Hyperfine capital stock or Old Liminal Sciences capital stock) that are owned directly by the undersigned (including
securities held as a custodian) or with respect to which the undersigned has beneficial ownership within the rules and regulations
of the Securities and Exchange Commission (such securities, the “Restricted Securities”), or (2) engage in any
hedging or other transaction with respect to Restricted Securities which is designed to or which reasonably could be expected to lead
to or result in a sale or disposition of the Restricted Securities even if such Restricted Securities would be disposed of by someone
other than the undersigned. Such prohibited hedging or other transactions include any short sale or any purchase, sale or grant of any
right (including any put or call option) with respect to any of the Restricted Securities of the undersigned, or with respect to any
security that includes, relates to, or derives any significant part of its value from such Restricted Securities.

 

    

     

    

 

The foregoing shall not apply
to:

 

(A)           transfers
of shares of Common Stock as a bona fide gift or gifts or to a trust the beneficiaries of which are exclusively the undersigned or members
of the undersigned’s immediate family, or by will or intestate succession upon the death of the undersigned;

 

(B)           if
the undersigned is a corporation, partnership, limited liability company or other business entity, distributions of shares of Common
Stock to members or stockholders of the undersigned;

 

(C)           if
the undersigned is a corporation, partnership, limited liability company or other business entity, any transfer made by the undersigned
to another corporation, partnership, limited liability company or other business entity so long as the transferee controls, is controlled
by or is under common control with the undersigned and such transfer is not for value;

 

(D)           transactions
relating to Common Stock or other securities convertible into or exercisable or exchangeable for Common Stock acquired by the undersigned
in open market transactions after completion of the Business Combination; and

 

(E)           any
transfers made by the undersigned by operation of law, such as pursuant to a qualified domestic order or in connection with a divorce
settlement;

 

provided, that, in the case of any transfer
or distribution pursuant to clause (A), (B), (C) or (E), each donee, distributee or transferee, as applicable, shall execute and
deliver to New Hyperfine and the Companies a lock-up letter in the form of this Agreement; and provided, further, that
in the case of any transfer or distribution pursuant to clause (A), (B), (C) or (D), no filing by any party (donor, donee, transferor
or transferee) under the Securities Exchange Act of 1934, as amended, or other public announcement reporting a reduction in beneficial
ownership shall be required or shall be made voluntarily in connection with such transfer or distribution (other than a filing on a Form 5,
Schedule 13G (or Schedule 13G/A) or Schedule 13F made after the expiration of the Lock-up Period referred to above). For purposes of
this Agreement, “immediate family” means any relationship by blood, marriage or adoption, not more remote than first cousin.

 

In furtherance of the foregoing,
New Hyperfine and any duly appointed transfer agent for the registration or transfer of the securities described herein are hereby authorized
to decline to make any transfer of securities if such transfer would constitute a violation or breach of this Agreement.

 

The undersigned hereby represents
and warrants that the undersigned has full power and authority to enter into this Agreement. All authority herein conferred or agreed
to be conferred and any obligations of the undersigned shall be binding upon the successors, assigns, heirs or personal representatives
of the undersigned.

 

The undersigned hereby represents
and warrants that it now has and, except as contemplated by this Agreement, will have good and marketable title to its Restricted Securities,
free and clear of all liens, encumbrances, and claims that could impact the ability of the undersigned to comply with the foregoing restrictions.
The undersigned agrees and consents to the entry of stop transfer instructions with New Hyperfine’s transfer agent and registrar
against the transfer of any Restricted Securities during the Lock-up Period.

 

Notwithstanding anything
to the contrary contained herein, if the Business Combination Agreement (other than the provisions thereof which survive termination)
shall terminate or be terminated prior to the Closing, the undersigned shall be released from all obligations under this Agreement. The
undersigned understands that New Hyperfine, Old Hyperfine and Old Liminal Sciences are proceeding with the Business Combination in reliance
upon this Agreement.

 

    

     

    

 

This Agreement and any claim,
controversy or dispute arising under or related to this Agreement shall be governed by and construed in accordance with the laws of the
State of New York, without regard to the conflict of laws principles thereof.

 

Very truly yours,

	 	 	 
	 
	If an individual, please sign here:
	 
	 	Signature:	 	 	 
	 
	 	Print Name:	 	 	 
	 
	 
	If a corporation, a limited partnership or other legal entity, please sign here:
	 
	 	Legal Name:	 	 	 
	 
	 	 	By:	 	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Lock-up Agreement]

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