Document:

Exhibit 10.1

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is entered into as of the 23rd day of October, 2019, by and among Chardan Healthcare Acquisition
Corp., a Delaware corporation (the “Company”) and the undersigned parties listed under Stockholder on
the signature page hereto (each, an “Stockholder” and collectively, the “Stockholders”).

 

WHEREAS, pursuant to a Merger Agreement dated
as of July 16, 2019 (“Merger Agreement”) by and among the Company, the Stockholders and certain other
persons and entities, the Stockholders agreed to accept the Merger Shares (i.e., Common Stock of the Company) in exchange for their
shares of Capital Stock of BiomX Ltd., an Israeli company (“BiomX”);

 

WHEREAS, pursuant to the terms of the Merger
Agreement, the Company agreed to register the Merger Shares (as defined below) held by the Stockholders for resale under the Securities
Act (as defined below and the Stockholders and the Company desire to enter into this Agreement to provide the Stockholders with
certain rights relating to the registration of the securities held by them as of the date hereof;

 

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

 

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

 

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

 

“BiomX Securityholder Purchase
Agreements” means those certain BiomX Stakeholder Stock Purchase Agreements, substantially in the form attached as
an exhibit to the Merger Agreement, to be entered into among the Company, certain BiomX shareholders and persons who hold Company
Securities.

 

“Business Combination”
means the acquisition of direct or indirect ownership through a merger, share exchange, asset acquisition, share purchase, recapitalization,
reorganization or other similar type of transaction, of one or more businesses or entities.

 

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

 

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

 

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

 

“Demand Registration”
is defined in Section 2.1.1.

 

“Demanding Holder”
is defined in Section 2.1.1.

 

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

 

“Form S-3” is defined
in Section 2.3.

 

“Indemnified Party”
is defined in Section 4.3.

 

“Indemnifying Party”
is defined in Section 4.3.

 

“Stockholder Indemnified Party”
is defined in Section 4.1.

 

“Maximum
Number of Shares” means the number of shares of Common Stock of the Company in an underwritten offering, if
the managing Underwriter or Underwriters advises the Company in writing that the dollar amount or number of shares of
Registrable Securities which the Stockholders desire to sell, taken together with all other shares of Common stock or other
securities which the Company desires to sell and the shares of Common Stock, if any, as to which registration has been
requested pursuant to written contractual registration rights held by other stockholders of the Company who desire to sell,
which exceeds the maximum dollar amount or maximum number of shares that can be sold in such offering without adversely
affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering
such maximum dollar amount or maximum number of shares.

 

     

     

    

 

“Merger Shares”
means the shares of Common Stock of the Company issued or issuable to the Stockholders pursuant to the terms of the Merger Agreement
and shares of Common Stock of the Company issued or issuable pursuant to warrants to purchase Common Stock of the Company under
Section 4.1(c) of the Merger Agreement.

 

“Notices” is defined
in Section 6.2.

 

“Piggy-Back Registration”
is defined in Section 2.2.1.

 

“Prior Agreement”
is defined in Section 2.2.2.

 

“Pro Rata” is defined
in Section 2.1.4.

 

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

 

“Registrable Securities”
means (i) the Merger Shares, (ii) any shares of Common Stock acquired by the Stockholders pursuant to the BiomX Securityholder
Purchase Agreements or otherwise in connection with the Business Combination and (iii) any warrants, shares of capital stock or
other securities of the Company issued as a dividend or other distribution with respect to or in exchange for or in replacement
of such Merger Shares. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when:
(a) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act and
such securities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (b)
such securities shall have been otherwise transferred, new certificates for them not bearing a legend restricting further transfer
shall have been delivered by the Company and subsequent public distribution of them shall not require registration under the Securities
Act; (c) such securities shall have ceased to be outstanding, or (d) the Registrable Securities are freely saleable under Rule
144 without volume limitations.

 

“Registration Statement”
means a registration statement filed by the Company with the Commission in compliance with the Securities Act and the rules and
regulations promulgated thereunder for a public offering and sale of equity securities, or securities or other obligations exercisable
or exchangeable for, or convertible into, equity securities (other than a registration statement on Form S-4 or Form S-8, or their
successors, or any registration statement covering only securities proposed to be issued in exchange for securities or assets of
another entity).

 

“SEC” means the
Securities and Exchange Commission.

 

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

 

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

 

“Underwriter” means
a securities broker-dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part of
such broker-dealer’s market-making activities.

 

2. REGISTRATION RIGHTS.

 

2.1 Demand Registration.

 

2.1.1 Request for Registration. At any time
and from time to time on or after the six month anniversary of the closing of the transactions contemplated by the Merger Agreement,
the holders of twenty-five percent (25%) of such Registrable Securities, may make a written demand for registration under the Securities
Act of all or part of their Registrable Securities (a “Demand Registration”). Any demand for a Demand Registration
shall specify the number of Registrable Securities proposed to be sold and the intended method(s) of distribution thereof. The
Company will within ten (10) days of the Company’s receipt of the Demand Registration notify all holders of Registrable Securities
of the demand, and each holder of Registrable Securities who wishes to include all or a portion of such holder’s Registrable
Securities in the Demand Registration (each such holder including shares of Registrable Securities in such registration, a “Demanding Holder”)
shall so notify the Company within fifteen (15) days after the receipt by the holder of the notice from the Company. Upon
any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration,
subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company shall not be obligated to effect more than an
aggregate of two (2) Demand Registrations under this Section 2.1.1 in respect of all Registrable Securities.

 

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

 

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

 

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

 

2.1.5 Withdrawal. If a majority-in-interest
of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to include all of their Registrable Securities
in any offering, such majority-in-interest of the Demanding Holders may elect to withdraw from such offering by giving written
notice to the Company and the Underwriter or Underwriters of their request to withdraw prior to the effectiveness of the Registration
Statement filed with the Commission with respect to such Demand Registration. If the majority-in-interest of the Demanding Holders
withdraws from a proposed offering relating to a Demand Registration, then such registration shall not count as a Demand Registration
provided for in Section 2.1.2.2 Piggy-Back Registration.

 

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2.2.1 Piggy-Back Rights. If at any
time on or after the date of this Agreement the Company proposes to file a Registration Statement under the Securities Act with
respect to an offering of equity securities, or  securities or other obligations exercisable or exchangeable
for, or convertible into, equity securities, by the Company for its own account or for stockholders of the Company for their account
(or by the Company and by stockholders of the Company), other than a Registration Statement (i) filed in connection with any employee
stock option or other benefit plan, (ii) for an exchange offer or offering of securities solely to the Company’s existing
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 (x) give written notice of such proposed filing to the holders of Registrable Securities
as soon as practicable but in no event less than ten (10) days before the anticipated filing date, which notice shall describe
the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the
proposed managing Underwriter or Underwriters, if any, of the offering, and (y) offer to the holders of Registrable Securities
in such notice the opportunity to register the sale of such number of shares of Registrable Securities as such holders may request
in writing within five (5) days following receipt of such notice (a “Piggy-Back Registration”). The Company
shall cause such Registrable Securities to be included in such registration and shall use its best efforts to cause the managing
Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested to be included in
a Piggy-Back Registration on the same terms and conditions as any similar securities of the Company and to permit the sale or other
disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof. All holders of Registrable
Securities proposing to distribute their securities through a Piggy-Back Registration that involves an Underwriter or Underwriters
shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters selected for such Piggy-Back
Registration.

 

2.2.2 Reduction of Offering. If the
managing Underwriter or Underwriters for a Piggy-Back Registration under this Agreement or a demand registration on behalf of other
holders of the Company’s securities under that certain Registration Rights Agreement dated as of December 13, 2018 (“Prior
Agreement”) that is to be an underwritten offering advises the Company and the holders of Registrable Securities
hereunder in writing that the dollar amount or number of shares of Common Stock which the Company desires to sell, taken together
with the shares of Common Stock, if any, as to which registration has been demanded pursuant to the Prior Agreement, the Registrable
Securities as to which registration shall otherwise be required under this Section 2.2, and the shares of Common Stock, if any,
as to which registration has been requested pursuant to the this Agreement and the Prior Agreement, exceeds the Maximum Number
of Shares in an underwritten offering, then the Company shall include in any such registration:

 

a) If the registration is undertaken
for the Company’s account and the Company has previously complied with a demand registration made pursuant to the Prior Agreement
or the date of the initial filing of the registration statement for such offering is more than 12 months after the date of this
Agreement: (A) first, the shares of Common Stock or other securities that the Company desires to sell that can be sold without
exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under
the foregoing clause (A), the shares of Common Stock or other securities, if any, comprised of Registrable Securities, as to which
registration has been requested pursuant to the applicable piggy-back registration rights of security holders party to this Agreement,
and the holders of securities under the Prior Agreement, Pro Rata, that can be sold without exceeding the Maximum Number of Shares;
and (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B),
the shares of Common Stock or other securities for the account of other persons that the Company is obligated to register pursuant
to written contractual piggy-back registration rights with such persons and that can be sold without exceeding the Maximum Number
of Shares;

 

(b) If the registration is undertaken
for the Company’s account and the Company has not complied with a demand registration made pursuant to the Prior Agreement
or the date of the initial filing of the registration statement for such offering is within 12 months of the date of this Agreement:
(A) first, the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding the
Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clause (A), to the holders of securities party to the Prior Agreement, (C) third, to the extent that the Maximum Number of
Shares has not been reached under the foregoing clauses (A) and (B), the shares of Common Stock or other securities, if any, comprised
of Registrable Securities, as to which registration has been requested pursuant to the applicable piggy-back registration rights
of security holders party to this Agreement, and the holders of securities under the Prior Agreement, Pro Rata, that can be sold
without exceeding the Maximum Number of Shares; and (D) fourth, to the extent that the Maximum Number of Shares has not been reached
under the foregoing clauses (A), (B) and (C), the shares of Common Stock or other securities for the account of other persons that
the Company is obligated to register pursuant to written contractual piggy-back registration rights with such persons and that
can be sold without exceeding the Maximum Number of Shares;

 

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

 

2.2.3 Withdrawal. Any holder of Registrable
Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration
by giving written notice to the Company of such request to withdraw prior to the effectiveness of the Registration Statement. The
Company (whether on its own determination or as the result of a withdrawal by persons making a demand pursuant to written contractual
obligations) may withdraw a Registration Statement at any time prior to the effectiveness of such Registration Statement. Notwithstanding
any such withdrawal, the Company shall pay all expenses incurred by the holders of Registrable Securities in connection with such
Piggy-Back Registration as provided in Section 3.3.

 

2.2.4 Unlimited Piggy-Back Registration
Rights. For purposes of clarity, any Registration effected pursuant to Section 2.2 hereof shall not be counted as a Registration
pursuant to a Demand Registration effected under Section 2.1 hereof.

 

2.3 Registrations on Form S-3. The
holders of Registrable Securities may at any time and from time to time, request in writing that the Company register the resale
of any or all of such Registrable Securities on Form S-3 or any similar short-form registration which may be available to
the Company under the Securities Act and he rules and regulations of the SEC at such time (“Form S-3”);
provided, however, that the Company shall not be obligated to effect such request through an underwritten offering. Upon receipt
of such written request, the Company will promptly give written notice of the proposed registration to all other holders of Registrable
Securities, and, as soon as practicable thereafter, effect the registration of all or such portion of such holder’s or holders’
Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities or other
securities of the Company, if any, of any other holder or holders joining in such request as are specified in a written request
given within fifteen (15) days after receipt of such written notice from the Company; provided, however, that the Company shall
not be obligated to effect any such registration pursuant to this Section 2.3: (i) if Form S-3 is not available for such offering;
or (ii) if the holders of the Registrable Securities, together with the holders of any other securities of the Company entitled
to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at any aggregate price
to the public of less than $500,000. Registrations effected pursuant to this Section 2.3 shall not be counted as Demand Registrations
effected pursuant to Section 2.1.

 

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3. REGISTRATION PROCEDURES.

 

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

 

3.1.1 Filing Registration Statement.
The Company shall use its best efforts to, as expeditiously as possible and in any event within thirty (30) days after receipt
of a request for a Demand Registration pursuant to Section 2.1, prepare and file with the Commission a Registration Statement on
any form for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available
for the sale of all Registrable Securities to be Registered thereunder in accordance with the intended method(s) of distribution
thereof, and shall use its best efforts to cause such Registration Statement to become effective and use its best efforts to keep
it effective for the period required by Section 3.1.3; provided, however, that the Company shall have the right to defer any Demand
Registration for up to thirty (30) days, and any Piggy-Back Registration for such period as may be applicable to deferment of any
Demand Registration to which such Piggy-Back Registration relates, in each case if the Company shall furnish to the holders a certificate
signed by the President or Chairman of the Company stating that, in the good faith judgment of the Board of Directors of the Company,
it would be materially detrimental to the Company and its stockholders for such Registration Statement to be effected at such time;
provided further, however, that the Company shall not have the right to exercise the right set forth in the immediately preceding
proviso more than once in any 365-day period in respect of a Demand Registration hereunder.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

3.1.12 Road Show. If the registration
involves the registration of Registrable Securities involving gross proceeds in excess of $5,000,000, the Company shall use its
reasonable efforts to make available senior executives of the Company to participate in customary “road show” presentations
that may be reasonably requested by the Underwriter in any underwritten offering.

 

3.2 Obligation to Suspend Distribution.
Upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3.1.4(iv), or, in the
case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by the Company, pursuant to a written
insider trading compliance program adopted by the Company’s Board of Directors, of the ability of all “insiders”
covered by such program to transact in the Company’s securities because of the existence of material non-public information,
which period shall not exceed more than thirty (30) days, each holder of Registrable Securities included in any registration shall
immediately discontinue disposition of such Registrable Securities pursuant to the Registration Statement covering such Registrable
Securities until such holder receives the supplemented or amended prospectus contemplated by Section 3.1.4(iv) or the restriction
on the ability of “insiders” to transact in the Company’s securities is removed, as applicable, and, if so directed
by the Company, each such holder will deliver to the Company all copies, other than permanent file copies then in such holder’s
possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

 

3.3 Registration Expenses. The Company
shall bear all costs and expenses incurred in connection with any Demand Registration pursuant to Section 2.1, Piggy-Back Registration
pursuant to Section 2.2, and any registration on Form S-3 effected pursuant to Section 2.3, and all expenses incurred in performing
or complying with its other obligations under this Agreement, whether or not the Registration Statement becomes effective, including,
without limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance with securities or “blue sky”
laws (including fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities); (iii)
printing expenses; (iv) the Company’s internal expenses (including, without limitation, all salaries and expenses of its
officers and employees); (v) the fees and expenses incurred in connection with the listing of the Registrable Securities as required
by Section 3.1.12; (vi) Financial Industry Regulatory Authority fees; (vii) fees and disbursements of counsel for the Company and
fees and expenses for independent certified public accountants retained by the Company (including the expenses or costs associated
with the delivery of any opinions or comfort letters requested pursuant to Section 3.1.9); (viii) the reasonable fees and expenses
of any special experts retained by the Company in connection with such registration and (ix) the reasonable fees and expenses of
one legal counsel selected by the holders of a majority-in-interest of the Registrable Securities included in such registration.
The Company shall have no obligation to pay any underwriting discounts or selling commissions attributable to the Registrable Securities
being sold by the holders thereof, which underwriting discounts or selling commissions shall be borne by such holders. Additionally,
in an underwritten offering, all selling stockholders and the Company shall bear the expenses of the Underwriter pro rata in proportion
to the respective amount of shares each is selling in such offering.

 

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

 

    8

     

    

 

4. INDEMNIFICATION AND CONTRIBUTION.

 

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

 

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

 

4.3 Conduct of Indemnification Proceedings.
Promptly after receipt by any person of any notice of any loss, claim, damage or liability or any action in respect of which indemnity
may be sought pursuant to Section 4.1 or 4.2, such person (the “Indemnified Party”) shall, if a claim
in respect thereof is to be made against any other person for indemnification hereunder, notify such other person (the “Indemnifying
Party”) in writing of the loss, claim, judgment, damage, liability or action; provided, however, that the failure
by the Indemnified Party to notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which the
Indemnifying Party may have to such Indemnified Party hereunder, except and solely to the extent the Indemnifying Party is actually
prejudiced by such failure. If the Indemnified Party is seeking indemnification with respect to any claim or action brought against
the Indemnified Party, then the Indemnifying Party shall be entitled to participate in such claim or action, and, to the extent
that it wishes, jointly with all other Indemnifying Parties, to assume control of the defense thereof with counsel satisfactory
to the Indemnified Party. After notice from the Indemnifying Party to the Indemnified Party of its election to assume control of
the defense of such claim or action, the Indemnifying Party shall not be liable to the Indemnified Party for any legal or other
expenses subsequently incurred by the Indemnified Party in connection with the defense thereof other than reasonable costs of investigation;
provided, however, that in any action in which both the Indemnified Party and the Indemnifying Party are named as defendants, the
Indemnified Party shall have the right to employ separate counsel (but no more than one such separate counsel) to represent the
Indemnified Party and its controlling persons who may be subject to liability arising out of any claim in respect of which indemnity
may be sought by the Indemnified Party against the Indemnifying Party, with the fees and expenses of such counsel to be paid by such Indemnifying Party if, based upon the written opinion
of counsel of such Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or
potential differing interests between them. No Indemnifying Party shall, without the prior written consent of the Indemnified Party,
consent to entry of judgment or effect any settlement of any claim or pending or threatened proceeding in respect of which the
Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless
such judgment or settlement includes an unconditional release of such Indemnified Party from all liability arising out of such
claim or proceeding.

 

    9

     

    

 

4.4 Contribution.

 

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

 

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

 

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

 

5. RULE 144.

 

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

 

6. MISCELLANEOUS.

 

6.1 Assignment; No Third Party Beneficiaries.
This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company
in whole or in part. This Agreement and the rights, duties and obligations of the holders of Registrable Securities hereunder may
be freely assigned or delegated by such holder of Registrable Securities in conjunction with and to the extent of any transfer
of Registrable Securities by any such holder. This Agreement and the provisions hereof shall be binding upon and shall inure to
the benefit of each of the parties, to the permitted assigns of the Stockholders or holder of Registrable Securities or of any
assignee of the Stockholders or holder of Registrable Securities. This Agreement is not intended to confer any rights or benefits
on any persons that are not party hereto other than as expressly set forth in Article 4 and this Section 6.1.

 

    10

     

    

 

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

 

To the Company:

 

Chardan Healthcare Acquisition Corp.

17 State Street, Floor 21

New York, NY 10004

Attn: Jonas Grossman, President

 

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

 

Loeb& Loeb LLP

345 Park Avenue

New York, NY 10154

Attention: Giovanni Caruso

 

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

 

6.3 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.

 

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

 

6.5 Entire Agreement. This Agreement
(including all agreements entered into pursuant hereto and all certificates and instruments delivered pursuant hereto and thereto)
constitute the entire agreement of the parties with respect to the subject matter hereof and supersede all prior and contemporaneous
agreements, representations, understandings, negotiations and discussions between the parties, whether oral or written.

 

6.6 Modifications and Amendments.
No amendment, modification or termination of this Agreement shall be binding upon the Company unless executed in writing by the
Company. No amendment, modification or termination of this Agreement shall be binding upon the holders of the Registrable Securities
unless executed in writing by the holders of a majority of the Registrable Securities.

 

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

 

6.8 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.

 

    11

     

    

 

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

 

6.10 Governing Law. This Agreement
shall be governed by, interpreted under, and construed in accordance with the internal laws of the State of New York applicable
to agreements made and to be performed within the State of New York, without giving effect to any choice-of-law provisions thereof
that would compel the application of the substantive laws of any other jurisdiction.

 

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

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    12

     

    

 

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

 

	 	COMPANY:
	 	 
	 	CHARDAN HEALTHCARE ACQUISITION CORP.
	 	 
	 	By:	 	/s/ Jonas Grossman
	 	Name:	 	Jonas Grossman
	 	Title:	 	President
	 	 	 	 
	 	STOCKHOLDERS:
	 	 
	 	 
	 	 

 

 

13Exhibit 10.2

 

ESCROW
AGREEMENT

 

THIS
ESCROW AGREEMENT (“Agreement”) is made and entered into as of October 28, 2019, by and between: Chardan
Healthcare Acquisition Corp., a Delaware corporation (“Parent”), Shareholder Representative Services LLC, a
Colorado limited liability company, (the “Stockholder Representative”), solely in its capacity as representative
of the stockholders of the Company, and Continental Stock Transfer & Trust Company, a New York corporation (the “Escrow
Agent”).

 

WHEREAS,
the Purchaser, CHAC Merger Sub Ltd., a wholly-owned subsidiary of Parent (“Merger Sub”), Biomx Ltd. (the “Company”),
the stockholders of the Company, and the Stockholder Representative entered into a Merger Agreement, dated July 16, 2019, as amended
and restated on October 11, 2019 (the “Merger Agreement”), providing for, among other things, the merger of
Merger Sub with and into the Company and the conversion of shares of Company Common Stock (excluding any shares held in the treasury
of the Company) into the right to receive the Applicable Per Share Merger Consideration in accordance with the terms set forth
in the Merger Agreement; and

 

WHEREAS,
pursuant to Section 11.3 of the Merger Agreement, the Purchaser is required to deposit shares of Purchaser Common Stock, par value
$0.0001 per share (the “Escrow Shares”), which Escrow Shares would otherwise be issuable to the Escrow Participants
(as defined in the Merger Agreement), with the Escrow Agent on the date hereof in connection with the indemnification obligations
of the Escrow Participants as contemplated by the Merger Agreement; and

 

WHEREAS,
the Parent and Company have waived the requirement pursuant to Section 4.1(c) of the Merger Agreement to deposit the number of
shares of Purchaser Common Stock issuable upon conversion of each Ordinary Warrant and Preferred A-1 Warrant held by an Escrow
Participant and assumed by Purchaser as of the Effective Time (each such capitalized term as defined in the Merger Agreement).

 

NOW
THEREFORE, in consideration of the foregoing and of the mutual covenants hereinafter set forth, the parties hereto agree as
follows:

 

I.
Appointment; Defined Terms.

 

(a)
The Parent and the Stockholder Representative hereby appoint the Escrow Agent as its escrow agent for the purposes set forth herein,
and the Escrow Agent hereby accepts such appointment under the terms and conditions set forth herein.

 

(b)
All capitalized terms with respect to the Escrow Agent shall be defined herein. The Escrow Agent shall act only in accordance
with the terms and conditions contained in this Agreement and shall have no duties or obligations with respect to the Underlying
Agreement.

 

2.
Escrow Shares.

 

(a)
The Parent agrees to deposit with the Escrow Agent 1,506,906 Escrow Shares on the date hereof. The Escrow Agent shall hold the
Escrow Shares as a book-entry position registered in the name of the stockholders of the Company as indicated on Exhibit
A.

 

(b)
Escrow Shares.

 

(i)
With respect to any matter for which the Escrow Shares are permitted to vote, the Escrow Agent shall vote, or cause to be voted,
the Escrow Shares in the manner directed by the Stockholder Representative. In the absence of an instruction from the Stockholder
Representative, the Escrow Agent shall not vote any of the shares comprising the Escrow Shares.

 

     

     

    

 

(ii)
Any dividends paid with respect to the Escrow Shares shall be deemed part of the Escrow Shares and be delivered to the Escrow
Agent to be held in a bank account and be deposited in one or more interest-bearing accounts to be maintained by the Escrow Agent
in the name of the Escrow Agent.

 

(iii)
In the event of any stock split, reverse stock split, stock dividend, recapitalization, reorganization, merger, consolidation,
combination, exchange of shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution
to holders of the common stock of Parent other than a regular cash dividend, the Escrow Shares under Section 2(a) above
shall be appropriately adjusted on a pro rata basis and consistent with the terms of any applicable Agreements.

 

3.
Disposition and Termination.

 

(a)
In the event that the Escrow Agent receives an instruction letter signed by the Purchaser and the Stockholder Representative,
the Escrow Agent shall promptly distribute all or any portion of the Escrow Shares as directed by such instruction letter.

 

4.
Escrow Agent.

 

(a)
The Escrow Agent shall have only those duties as are specifically and expressly provided herein, which shall be deemed purely
ministerial in nature, and no other duties shall be implied. The Escrow Agent shall neither be responsible for, nor chargeable
with, knowledge of, nor have any requirements to comply with, the terms and conditions of any other agreement, instrument or document
between Purchaser and any other person or entity, in connection herewith, if any, including without limitation the Underlying
Agreement or nor shall the Escrow Agent be required to determine if any person or entity has complied with any such agreements,
nor shall any additional obligations of the Escrow Agent be inferred from the terms of such agreements, even though reference
thereto may be made in this Agreement. In the event of any conflict between the terms and provisions of this Agreement , those
of the Merger Agreement, any schedule or exhibit attached to this Agreement, or any other agreement between Purchaser and any
other person or entity, the terms and conditions of this Agreement shall control. The Escrow Agent may rely upon and shall not
be liable for acting or refraining from acting upon any written notice, document, instruction or request furnished to it hereunder
and believed by it to be genuine and to have been signed or presented by the applicable person without inquiry and without requiring
substantiating evidence of any kind. The Escrow Agent shall not be liable to any beneficiary or other person for refraining from
acting upon any instruction setting forth, claiming, containing, objecting to, or related to the transfer or distribution of the
Escrow Shares, or any portion thereof, unless such instruction shall have been delivered to the Escrow Agent in accordance with
Section 10 below and the Escrow Agent has been able to satisfy any applicable security procedures as may be required hereunder
and as set forth in Section 10. The Escrow Agent shall be under no duty to inquire into or investigate the validity, accuracy
or content of any such document, notice, instruction or request. The Escrow Agent shall have no duty to solicit any payments which
may be due it or the Escrow Shares nor shall the Escrow Agent have any duty or obligation to confirm or verify the accuracy or
correctness of any amounts deposited with it hereunder.

 

(b)
The Escrow Agent shall not be liable for any action taken, suffered or omitted to be taken by it in good faith except to the extent
that a final adjudication of a court of competent jurisdiction determines that the Escrow Agent’s gross negligence or willful
misconduct was the primary cause of any loss. The Escrow Agent may execute any of its powers and perform any of its duties hereunder
directly or through affiliates or agents. The Escrow Agent may consult with counsel, accountants and other skilled persons to
be selected and retained by it. The Escrow Agent shall not be liable for any action taken, suffered or omitted to be taken by
it in accordance with, or in reliance upon, the advice or opinion of any such counsel, accountants or other skilled persons except
to the extent that a final adjudication of a court of competent jurisdiction determines that the Escrow Agent’s gross negligence
or willful misconduct was the primary cause of any loss. In the event that the Escrow Agent shall be uncertain or believe there
is some ambiguity as to its duties or rights hereunder or shall receive instructions, claims or demands which, in its opinion,
conflict with any of the provisions of this Agreement, it shall be entitled to refrain from taking any action and its sole obligation
shall be to keep safely all property held in escrow until it shall be given a direction in writing which eliminates such ambiguity
or uncertainty to the satisfaction of the Escrow Agent or by a final and non-appealable order or judgment of a court of competent
jurisdiction.

 

    2

     

    

 

5.
Succession.

 

(a)
The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving thirty (30) days’ advance
notice in writing of such resignation to the other parties hereto specifying a date when such resignation shall take effect, provided
that such resignation shall not take effect until a successor escrow agent has been appointed in accordance with this Section
5. If the parties hereto have jointly failed to appoint a successor escrow agent prior to the expiration of thirty (30) days
following receipt of the notice of resignation, the Escrow Agent may petition any court of competent jurisdiction for the appointment
of a successor escrow agent or for other appropriate relief, and any such resulting appointment shall be binding upon all of the
parties hereto. The Escrow Agent’s sole responsibility after such thirty (30) day notice period expires shall be to hold
the Escrow Shares and to deliver the same to a designated substitute escrow agent, if any, or in accordance with the directions
of a final order or judgment of a court of competent jurisdiction, at which time of delivery the Escrow Agent’s obligations
hereunder shall cease and terminate, subject to the provisions of Section 7 below. In accordance with Section 7
below, the Escrow Agent shall have the right to withhold, as security, an amount of shares equal to any dollar amount due and
owing to the Escrow Agent, plus any costs and expenses the Escrow Agent shall reasonably believe may be incurred by the Escrow
Agent in connection with the termination of this Agreement.

 

(b)
Any entity into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity to which
all or substantially all the escrow business may be transferred, shall be the Escrow Agent under this Agreement without further
act.

 

6.
Compensation and Reimbursement. The Escrow Agent shall be entitled to compensation for its services under this Agreement as
Escrow Agent and for reimbursement for its reasonable out-of-pocket costs and expenses, in the amounts and payable as set forth
on Schedule 2. All amounts owing under the foregoing sentence shall be paid by Purchaser. The Escrow Agent shall also be
entitled to payment of any amounts to which the Escrow Agent is entitled under the indemnification provisions contained herein
as set forth in Section 7; provided, however, that such compensation, expenses, disbursements and advances shall
not be paid from the Escrow Shares. The obligations of Purchaser set forth in this Section 6 shall survive the resignation,
replacement or removal of the Escrow Agent or the termination of this Agreement.

 

7.
Indemnity.

 

a)
The Escrow Agent shall be indemnified and held harmless by Purchaser from and against any expenses, including counsel fees and
disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or other proceeding involving any claim
which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow Agent hereunder,
other than expenses or losses arising from the gross negligence or willful misconduct of the Escrow Agent. Promptly after the
receipt by the Escrow Agent of notice of any demand or claim or the commencement of any action, suit or proceeding, the Escrow
Agent shall notify the other parties hereto in writing. In the event of the receipt of such notice, the Escrow Agent, in its sole
discretion, may commence an action in the nature of interpleader in the any state or federal court located in New York County,
State of New York.

 

    3

     

    

 

b)
The Escrow Agent shall not be liable for any action taken or omitted by it in good faith and in the exercise of its own best judgment,
and may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel
(including counsel chosen by the Escrow Agent), statement, instrument, report or other paper or document (not only as to its due
execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information
therein contained) which is believed by the Escrow Agent to be genuine and to be signed or presented by the proper person or persons.
The Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, tem1ination or rescission of this Agreement
unless evidenced by a writing delivered to the Escrow Agent signed by the proper party or parties and, if the duties or rights
of the Escrow Agent are affected, unless it shall have given its prior written consent thereto.

 

c)
The Escrow Agent shall not be liable for any action taken by it in good faith and believed by it to be authorized or within the
rights or powers conferred upon it by this Agreement, and may consult with counsel of its own choice and shall have full and complete
authorization and indemnification, for any action taken or suffered by it hereunder in good faith and in accordance with the opinion
of such counsel.

 

d)
This Section 7 shall survive termination of this Agreement or the resignation, replacement or removal of the Escrow Agent
for any reason.

 

8.
Patriot Act Disclosure/Taxpayer Identification Numbers/Tax Reporting.

 

(a)
Patriot Act Disclosure. Section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”) requires the Escrow Agent to implement reasonable
procedures to verify the identity of any person that opens a new account with it. Accordingly, parties hereto acknowledge that
Section 326 of the USA PATRIOT Act and the Escrow Agent’s identity verification procedures require the Escrow Agent to obtain
information which may be used to confirm identity, including without limitation name, address and organizational documents (“identifying
information”). The parties hereto agree to provide the Escrow Agent with information and consent to the Escrow Agent obtaining
from third parties any such identifying information required as a condition of opening an account with or using any service provided
by the Escrow Agent.

(b)
The underlying transaction does not constitute an installment sale requiring any tax reporting or withholding of imputed interest
or original issue discount to the IRS or other taxing authority.

 

9.
Notices. All notices and communications hereunder shall be deemed to have been duly given and made if in writing and if (i)
served by personal delivery upon the party for whom it is intended, (ii) delivered by registered or certified mail, return receipt
requested, or by Federal Express or similar overnight courier, or (iii) sent by facsimile or email, provided that the receipt
of such facsimile or email is promptly confirmed, by telephone, electronically or otherwise, to the party at the address set forth
below, or such other address as may be designated in writing hereafter, in the same manner, by such party:

 

If
to Purchaser:

 

If to the Stockholder Representative:

 

Shareholder
Representative Services LLC

950
17th Street, Suite 1400

Denver,
Colorado 80202

Attention:
Managing Director

Facsimile
No.: (303)623-0294

Email:
deals@srsacquiom.com

 

    4

     

    

 

If
to the Escrow Agent:

 

Continental
Stock Transfer and Trust

One
State Street - 30th Floor

New York, New York 10004

Facsimile No: (212) 616-7615

Attention:

 

Notwithstanding
the above, in the case of communications delivered to the Escrow Agent, such communications shall be deemed to have been given
on the date received by an officer of the Escrow Agent or any employee of the Escrow Agent who reports directly to any such officer
at the above-referenced office. In the event that the Escrow Agent, in its sole discretion, shall determine that an emergency
exists, the Escrow Agent may use such other means of communication as the Escrow Agent deems appropriate. For purposes of this
Agreement, “Business Day” shall mean any day other than a Saturday, Sunday or any other day on which the Escrow
Agent located at the notice address set forth above is authorized or required by law or executive order to remain closed.

 

10.
Security Procedures. Notwithstanding anything to the contrary as set forth in Section 9, any instructions setting forth,
claiming, containing, objecting to, or in any way related to the transfer or distribution, including but not limited to any transfer
instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 3 of this Agreement,
may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction
for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective
unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including
e-mail) at the number or e-mail address provided to Purchaser and the Stockholder Representative by the Escrow Agent in accordance
with Section 9 and as further evidenced by a confirmed transmittal to that number.

 

(a)
In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including
e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons
designated on Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person
or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received
and acknowledged by the Escrow Agent.

 

(b)
Assuming compliance with the provisions of this Agreement, Purchaser acknowledges that the Escrow Agent is authorized to deliver
the Escrow Shares to the custodian account or recipient designated by Purchaser and the Stockholder Representative in writing.

 

11.
Compliance with Court Orders. In the event that any escrow property shall be attached, garnished or levied upon by any court
order, or the delivery thereof shall be stayed or enjoined by an order of a com1, or any order, judgment or decree shall be made
or entered by any court order affecting the property deposited under this Agreement, the Escrow Agent is hereby expressly authorized,
in its sole discretion, to obey and comply with all writs, orders or decrees so entered or issued, which it is advised by opinion
of legal counsel of its own choosing is binding upon it, whether with or without jurisdiction, and in the event that the Escrow
Agent reasonably obeys or complies with any such writ, order or decree it shall not be liable to any of the parties hereto or
to any other person, entity, firm or corporation, by reason of such compliance notwithstanding such writ, order or decree be subsequently
reversed, modified, annulled, set aside or vacated.

 

    5

     

    

 

12.
.. Miscellaneous. Except for changes to transfer instructions as provided in Section 10, the provisions of this Agreement
may be waived, altered, amended or supplemented, in whole or in part, only by a writing signed by the Escrow Agent and the other
parties hereto. Neither this Agreement nor any right or interest hereunder may be assigned in whole or in part by the Escrow Agent
or any other party hereto without the prior consent of all the other parties hereto. This Agreement shall be governed by and construed
under the laws of the State of New York. Each of the parties hereto irrevocably waives any objection on the grounds of venue,
forum non-conveniens or any similar grounds and irrevocably consents to service of process by mail or in any other manner permitted
by applicable law and consents to the jurisdiction of any court of the State of New York or United States federal court, in each
case, sitting in New York County, New York. To the extent that in any jurisdiction any party may now or hereafter be entitled
to claim for itself or its assets, immunity from suit, execution attachment (before or after judgment), or other legal process,
such party shall not claim, and it hereby irrevocably waives, such immunity. The parties further hereby waive any right to a trial
by jury with respect to any lawsuit or judicial proceeding arising or relating to this Agreement. No party to this Agreement is
liable to any other party for losses due to, or if it is unable to perform its obligations under the terms of this Agreement because
of, acts of God, fire, war, terrorism, floods, strikes, electrical outages, equipment or transmission failure, or other causes
reasonably beyond its control. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. All signatures of the parties to this Agreement may be
transmitted by facsimile or other electronic transmission (including e-mail), and such facsimile or other electronic transmission
(including e-mail) will, for all purposes, be deemed to be the original signature of such party whose signature it reproduces,
and will be binding upon such party. If any provision of this Agreement is determined to be prohibited or unenforceable by reason
of any applicable law of a jurisdiction, then such provision shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions thereof, and any such prohibition or unenforceability
in such jurisdiction shall not invalidate or render unenforceable such provisions in any other jurisdiction. A person who is not
a party to this Agreement shall have no right to enforce any term of this Agreement. The parties represent, warrant and covenant
that each document, notice, instruction or request provided by such party to the other party shall comply with applicable laws
and regulations. Where, however, the conflicting provisions of any such applicable law may be waived, they are hereby irrevocably
waived by the parties hereto to the fullest extent permitted by law, to the end that this Agreement shall be enforced as written.
Except as expressly provided in Section 7 above, nothing in this Agreement, whether express or implied, shall be construed
to give to any person or entity other than the Escrow Agent and the other parties hereto any legal or equitable right, remedy,
interest or claim under or in respect of this Agreement or the Escrow Shares escrowed hereunder.

 

[remainder
of page intentional left blank]

 

    6

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth above.

 

	PURCHASER:	 
	 	 
	CHARDAN HEALTHCARE ACQUISITION CORP.
	 	 	 
	By: 	/s/ Jonas Grossman                  	 
	Name:	Jonas Grossman	 
	Title:	Member	 
	Telephone: 	 	 
	 	 	 
	STOCKHOLDER REPRESENTATIVE:
	 	 
	SHAREHOLDER REPRESENTATIVE SERVICES LLC,
	solely in its capacity as the Stockholder Representative.
	 	 	 
	By:	/s/ Sam Riffe	 
	Name:	Sam Riffe	 
	Title:	Managing Director	 
	Telephone: 	(303) 648-4085                    	 
	 	 	 
	ESCROW AGENT:
	 	 
	CONTINENTAL STOCK TRANSFER AND TRUST
	 	 	 
	By:	/s/ George Dalton	 
	Name:	George Dalton	 
	Title:	Account Administrator	 
	Telephone: 	212-845-3291	 

 

[Signature
Page to Escrow Agreement]

 

     

     

    

 

Schedule
l

 

Telephone
Number(s) and authorized signature(s) for

Person(s)
Designated to give Escrow Shares Transfer Instructions

 

	Name	 	Telephone
    Number	 	Signature
	 	 	 	 	 
	Purchaser:	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Stockholder Representative:	 	 	 	 
	 	 	 	 	 
	Chris Letang	 	303-957-2855	 	 
	 	 	 	 	 
	Casey McTigue	 	415-363-6081	 	 
	 	 	 	 	 
	Lon LeClair	 	303-222-2078	 	 
	 	 	 	 	 
	Paul Koenig	 	303-957-2850	 	 

 

		*	Please
complete call-backs in the order indicated above (i.e., call Chris Letang first, Casey McTigue second, etc.)

 

     

     

    

 

EXHIBIT
A

 

	Shareholder	 	Escrow Shares	 
	Yeda Research And Development Company Limited	 	 	19,340	 
	FutuRx Ltd.	 	 	41,171	 
	OrbiMed Israel Incubator LP	 	 	64,133	 
	OrbiMed Israel Partners Limited Partnership	 	 	132,509	 
	Johnson and Johnson Innovation – JJDC, Inc.	 	 	183,158	 
	Takeda Ventures, Inc.	 	 	212,137	 
	SBI JI Innovation Fund LP	 	 	69,348	 
	Dr. Juerg F. Geigy	 	 	23,655	 
	Hans W. Schoepflin Trust	 	 	62,833	 
	Stichting Lichfield	 	 	62,418	 
	Stichting Administratiekantoor the invisible hand at work	 	 	7,747	 
	Health for Life Capital S.C.A. SICAR	 	 	60,191	 
	Health for Life Capital FPCI ALPHA Compartment	 	 	34,972	 
	MiraeAsset Capital Co., Ltd	 	 	35,484	 
	2016 KIF-MIRAE ASSET ICT Venture Fund	 	 	17,741	 
	MIRAE ASSET Young Start-Up Investment Fund	 	 	17,741	 
	MiraeAsset-Celltrion New Growth Fund I	 	 	21,997	 
	8VC Angel Fund I, L.P	 	 	34,667	 
	8VC Fund I Associates, L.P	 	 	816	 
	8VC Fund I, L.P	 	 	86,819	 
	8VC Entrepreneurs Fund I, L.P.	 	 	1,412	 
	RMGP Bio-Pharma Investment Fund LP	 	 	68,584	 
	Chong Kun Dang Pharmaceutical Corp.	 	 	42,865	 
	Handok Inc.	 	 	34,292	 
	Rhee, Joo Won	 	 	6,858	 
	Rhee, Joo Kyung	 	 	5,144	 
	Rhee, Joo Ah	 	 	5,144	 
	CFAM 2017 LLC	 	 	429	 
	Telmina Ltd.	 	 	68,584	 
	KB Investment Co., Ltd	 	 	20,575	 
	KB Digital Innovation Investment Fund Limited Partnership	 	 	30,863	 
	Baruch Family Revocable Trust	 	 	4,731	 
	Elevator Venture Holdings, Ltd.	 	 	5,914	 
	Nhaft LLC	 	 	2,365	 
	Tamar Lifshitz	 	 	1,183	 
	Noa Eliasaf-Shoham	 	 	1,183	 
	33Steps Ltd.	 	 	1,183	 
	Gigi Levy	 	 	3,548	 
	Rafi Gidron	 	 	3,812	 
	Guy Harmelin	 	 	874	 
	Alon Hirsch	 	 	170	 
	Altsuler Shaham Trusts (Behalf of Einat Zisman )	 	 	2,210	 
	Altshuler Shaham Trusts Ltd (behalf of Ronald Ellis)	 	 	1,103	 
	Altshuler Shaham Trusts Ltd (Behalf of Moshe Talbi)	 	 	442	 
	Altshuler Shaham Trusts Ltd (Behalf of Limor Miara)	 	 	442	 
	Altshuler Shaham Trusts Ltd (Behalf of Kobi Sudakov)	 	 	1,571	 
	Altshuler Shaham Trusts Ltd (Behalf of Boris Vaisman)	 	 	2,330	 
	Altshuler Shaham Trusts Ltd (Behalf of Alina Shitrit)	 	 	218	 
	TOTAL	 	 	1,506,906

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