Document:

Exhibit
10.6

 

AMENDED
AND RESTATED

SUBSCRIPTION AGREEMENT

(Agreement for Private Placement of Units)

 

Alberton
Acquisition Corporation

Room 1001, 10/F, Capital Center

151 Gloucester Road

Wanchai, Hong Kong

 

Date:
October          , 2018

 

Alberton
Acquisition Corporation (the “Company”) is a British Virgin Island corporation formed as a special purpose acquisition
company (a “SPAC”) to acquire one or more businesses or entities (a “Business Combination”).

 

The
Company intends to engage in an initial public offering (“IPO”) of 10,000,000 units (or 11,500,000 units if the over-allotment
option is exercised in full), each unit (the “Units”) consisting of one ordinary share of the Company, no par value
(the “Ordinary Shares”), one warrant which entitles the holder to purchase one-half (1/2) of one Ordinary Share (the “Warrants”), and one right to receive one-tenth (1/10) of one Ordinary Share (the “Rights”),
at $10.00 per unit, for the gross proceeds of $100,000,000 (or $115,000,000 if the over-allotment option is exercised in full),
in accordance with U.S. federal and state securities laws. Chardan Capital Markets LLC (“Chardan”) is acting as the
representative of the several underwriters in the IPO. The Company intends to register its securities with the U.S. Securities
and Exchange Commission (“SEC”) under the Securities Act of 1933, as amended (“Securities Act”), in connection
with its IPO, pursuant to a registration statement on Form S-1 (“Registration Statement”). The Company has applied
to have its securities listed on the NASDAQ Capital Market.

 

The
undersigned hereby commits that it will purchase 300,000 Units of the Company (“Private Units”) at $10.00 per Private
Unit, for an aggregate purchase price of $3,000,000 (the “Private Unit Purchase Price”), in a private placement that
will occur simultaneously with the consummation of the IPO.

 

The
undersigned hereby agrees that it will purchase an additional amount of units of the Company (“Over-Allotment Units”),
up to a maximum of 30,000 Over-Allotment Units, or a maximum purchase price of $300,000 (“Over-Allotment Unit Purchase Price”,
together with the Private Unit Purchase Price, the “Purchase Price”), if Chardan exercises its over-allotment option,
such that the amount held in the trust account (as described in the Registration Statement) does not fall below $10.00 per share
for each Ordinary Share sold in the IPO.

 

The Private Units and Over-Allotment Units
will be identical to the Units to be sold by the Company in the IPO except that the warrants included in the Private Units and
the Over-Allotment Units (i) shall be non-redeemable by the Company and (ii) may be exercised for cash or on a cashless basis,
as described in the Registration Statement, in each case so long as the warrants continue to be held by the undersigned or its
permitted transferees (as described herein and the Warrant Agreement between the Company and Continental Stock Transfer &
Trust Company).

 

At
least twenty-four (24) hours prior to the road show relating to the IPO, the undersigned will cause the Purchase Price to be delivered
to White and Williams LLP (“WW”), counsel for the Company, by wire transfer as set forth in the instructions attached
as Exhibit A to hold in escrow in a non-interest bearing bank account until the Company consummates the IPO.

 

The
consummation of the purchase and issuance of the Private Units shall occur simultaneously with the consummation of the IPO; and
the consummation of the purchase and issuance of the Over-Allotment Units shall occur simultaneously with the consummation of
the purchase of units resulting from the exercise of the over-allotment option related to the IPO. Simultaneously with the consummation
of the IPO, WW shall deposit the Private Unit Purchase Price, without interest or deduction, into the trust fund (“Trust
Fund”) established by the Company for the benefit of the Company’s public shareholders as described in the Registration
Statement. If the Company does not complete the IPO within ten (10) days from the date of this agreement, the Purchase Price (without
interest or deduction) will be returned to the undersigned.

 

     

     

    

 

Each
of the Company and the undersigned acknowledges and agrees that WW is serving hereunder solely as a convenience to the parties
to facilitate the purchase of the Private Units and WW’s sole obligation under this agreement is to act with respect to
holding and disbursing the Purchase Price for the Private Units as described above. WW shall not be liable to the Company, Chardan
or the undersigned or any other person or entity in respect of any act or failure to act hereunder or otherwise in connection
with performing its services hereunder unless WW has acted in a manner constituting gross negligence or willful misconduct. The
Company and the undersigned shall indemnify WW against any claim made against it (including reasonable attorney’s fees)
by reason of it acting or failing to act in connection with this agreement except as a result of its gross negligence or willful
misconduct. WW may rely and shall be protected in acting or refraining from acting upon any written notice, instruction or request
furnished to it hereunder and believed by it to be genuine and to have been signed or presented by the proper party or parties.

 

Additionally, the undersigned
agrees:

 

		●	to
                                         vote the Ordinary Shares included in the Private Units and Over-Allotment Units in favor
                                         of any proposed Business Combination;

 

		●	not
                                         to propose, or vote in favor of, an amendment to the Company’s Amended and Restated
                                         Memorandum and Articles of Association that would affect the substance or timing of the
                                         Company’s obligation to redeem 100% of the Company’s Ordinary Shares sold
                                         in the IPO if the Company does not complete an initial Business Combination within 12
                                         months from the closing of the IPO (or up to 18 months, as applicable), unless the Company
                                         provides the holders of Ordinary Shares sold in the IPO with the opportunity to redeem
                                         their Ordinary Shares upon approval of any such amendment at a per-share price, payable
                                         in cash, equal to the aggregate amount of the Trust Fund, including interest earned on
                                         Trust Fund and to the extent not previously released to the Company to pay the Company’s
                                         franchise and income taxes, divided by the number of then outstanding Ordinary Shares
                                         sold in the IPO;

 

		●	not
                                         to convert any Ordinary Shares included in the Private Units and Over-Allotment Units
                                         into the right to receive cash from the Trust Fund in connection with a shareholder vote
                                         to approve either a Business Combination or an amendment to the provisions of the Company’s
                                         Amended and Restated Memorandum and Articles of Association, or to tender the Private
                                         Units and Over-Allotment Units in connection with a tender offer conducted prior to the
                                         closing of a Business Combination;

 

    	 	-2-	 

     

    

 

		●	the
                                         undersigned will not participate in any liquidation distribution with respect to the
                                         Private Units and Over-Allotment Units (but will participate in liquidation distributions
                                         with respect to any units or Ordinary Shares purchased by the undersigned in the IPO
                                         or in the open market) if the Company fails to consummate a Business Combination;

 

		●	that
                                         the Private Units, Over-Allotment Units and underlying securities will not be transferable
                                         until after the consummation of a Business Combination except (i) to the Company’s
                                         pre-IPO shareholders, or to the Company’s officers, directors, advisors and employees,
                                         (ii) transfers to the undersigned’s affiliates or its members upon its liquidation,
                                         (iii) to relatives and trusts for estate planning purposes, (iv) by virtue of the laws
                                         of descent and distribution upon death, (v) pursuant to a qualified domestic relations
                                         order, (vi) by private sales made in connection with the consummation of a Business Combination
                                         at prices no greater than the price at which the Private Units were originally purchased
                                         or (vii) to the Company for cancellation in connection with the consummation of a Business
                                         Combination, in each case (except for clause vii) where the transferee agrees to the
                                         terms of the transfer restrictions; and

 

		●	the
                                         Private Units and Over-Allotment Units will include any additional terms or restrictions
                                         as is customary in other similarly structured offerings of SPACs or as may be reasonably
                                         required by the underwriters in the IPO in order to consummate the IPO, each of which
                                         will be set forth in the Registration Statement.

 

The
undersigned acknowledges and agrees that the purchaser of the Private Units and Over-Allotment Units will execute agreements in
form and substance typical for transactions of this nature necessary to effectuate the foregoing agreements and obligations prior
to the consummation of the IPO as are reasonably acceptable to the undersigned, including but not limited to an insider letter.

 

The
undersigned hereby represents and warrants that:

 

		(a)	it
                                         has been advised that the Private Units and Over-Allotment Units have not been registered
                                         under the Securities Act;

 

		(b)	it
                                         will acquire the Private Units and Over-Allotment Units for its account for investment
                                         purposes only;

 

		(c)	it
                                         has no present intention of selling or otherwise disposing of the Private Units and Over-Allotment
                                         Units in violation of the securities laws of the United States;

 

		(d)	it
                                         is an “accredited investor” as defined by Rule 501 of Regulation D promulgated
                                         under the Securities Act of 1933, as amended;

 

		(e)	it
                                         has had both the opportunity to ask questions and receive answers from the officers and
                                         directors of the Company and all persons acting on its behalf concerning the terms and
                                         conditions of the offer made hereunder;

 

    	 	-3-	 

     

    

 

		(f)	it
                                         is familiar with the proposed business, management, financial condition and affairs of
                                         the Company;

 

		(g)	it
                                         has full power, authority and legal capacity to execute and deliver this agreement and
                                         any documents contemplated herein or needed to consummate the transactions contemplated
                                         in this agreement; and

 

		(h)	this
                                         agreement constitutes its legal, valid and binding obligation, and is enforceable against
                                         it.

 

With
respect to the Private Units purchased by any member of FINRA, the holder of such Private Units agrees that, in accordance
with FINRA Rule 5110(g)(1), it will not sell, transfer, assign, pledge or hypothecate in whole or in part any Private Units,
Ordinary Shares, Warrants or Rights underlying the Private Units, or Ordinary Shares that are issuable pursuant to the Rights
or the Warrants included in the Private Units (in whole or in part) or any interest herein, or subject any such securities to
any hedging, short sale, derivative or put or call transaction that would result in the economic disposition of such
securities, for a lock-up period of 180 days following the effective date of the Registration Statement or the commencement
of sales in the IPO to anyone other than (i) an underwriter or a selected dealer participating in the Offering IPO or (ii)
any successor, officer or partner of any such underwriter or selected dealer. Additionally, certain registration rights have
been provided with respect to the Private Units purchased by other holders, which registration rights will at all times be in
compliance with FINRA Rule 5110(f)(2)(G)(iii)-(v).

 

This
agreement constitutes the entire agreement between the undersigned and the Company with respect to the purchase of the Private
Units and Over-Allotment Units, and supersedes all prior and contemporaneous understandings, agreements, representations and warranties,
both written and oral, with respect to the same.

 

[Signature
page follows.]

 

    	 	-4-	 

     

    

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

 

	COMPANY:

                                                                      
	 
	Alberton
    Acquisition Corporation	 
	 	 
	 	 
	Name:
    Bin (Ben) Wang	 
	Title:
    Chief Executive Officer	 
	 	 
	SUBSCRIBER:

                                                          
	 
	Hong
    Ye Hong Kong Shareholding Co., Limited	 
	 	 
	 	 
	Name:
    Guan Wang	 
	Title:
    Sole Shareholder and Sole Director	 
	 	 

 

    	 	-5-	 

     

    

 

Exhibit
A

 

Wire
Instructions

 

Omitted

 

    	 	-6-Exhibit 4.1

 

EXECUTION VERSION

 

AMENDED AND RESTATED

REGISTRATION RIGHTS AGREEMENT

 

THIS AMENDED AND
RESTATED REGISTRATION RIGHTS AGREEMENT (this “Agreement”), effective as of October 17, 2018, is made
and entered into by and among Hennessy Capital Acquisition Corp. III, a Delaware corporation (the “Company”),
Hennessy Capital Partners III LLC, a Delaware limited liability company (the “Sponsor”), each of the undersigned
parties that holds Founder Shares (as defined below) and is identified as an “Other Pre-IPO Holder” on the signature
pages hereto (collectively, with the Sponsor, the “Pre-IPO Holders”), Nomura Securities International, Inc.,
a New York corporation (“Nomura”), SBTS, LLC, a Delaware limited liability company (“Cyrus”),
Linden Capital L.P., a Bermuda limited partnership (“Linden”), Touchstone Funds Group Trust – Touchstone
Arbitrage Fund, (“Touchstone TAF”), Touchstone Merger Arbitrage Fund (together with Touchstone TAF, “Longfellow”)
and BEMAP Master Fund Ltd (“BEMAP”), Monashee Capital Master Fund LP (“MCMF”), Monashee Pure
Alpha Capital Master Fund LP (“MPACMF”), Kiski (Cayman) Master Fund Ltd. (together with BEMAP, MCMF, and MPACMF,
“Monashee” and collectively, and together with Linden and Longfellow, the “Other Investors”),
JFL-NRC-SES Partners, LLC, a Delaware limited liability company (“JFL Seller”), JFL-NRCG Holdings III, LLC,
a Delaware limited liability company (“JFL III”) and JFL-NRCG Holdings IV, LLC, a Delaware limited liability
company (“JFL IV”) (each of the foregoing parties (other than the Company) and any person or entity who hereafter
becomes a party to this Agreement pursuant to Section 5.2 of this Agreement, a “Holder” and
collectively, the “Holders”).

 

RECITALS

 

WHEREAS, each
of the Company and the Pre-IPO Holders is a party to, and hereby consents to, this amendment and restatement of that certain Registration
Rights Agreement, dated June 22, 2017 (the “Original Registration Rights Agreement”), pursuant to which
the Company granted the Pre-IPO Holders certain registration rights with respect to certain securities of the Company, as set forth
therein;

 

WHEREAS, the
Company and the Sponsor previously entered into that certain Securities Purchase Agreement (the “Founder Shares Purchase
Agreement”), dated as of March 31, 2017, pursuant to which the Sponsor purchased an aggregate of 7,906,250 shares (1,490,000
of which were subsequently cancelled or forfeited) of the Company’s common stock, par value $0.0001 per share (the “Common
Stock”), which were issued in a private placement prior to the closing of the Company’s IPO (as defined below)
(such pre-IPO shares being referred to herein as the “Founder Shares”);

 

WHEREAS, the
Sponsor and certain of the officers, directors and advisors of the Company entered into that certain Securities Assignment Agreement,
dated as of May 23, 2017, pursuant to which the Sponsor transferred an aggregate of 1,125,000 Founder Shares to such persons for
an aggregate purchase price of $3,375.00;

 

     

     

    

 

WHEREAS, on
June 20, 2017, the Company and the Sponsor entered into that certain Third Amended and Restated Sponsor Warrants Purchase Agreement,
pursuant to which the Sponsor purchased 9,600,000 warrants (the “Sponsor Warrants”), in a private placement
transaction occurring simultaneously with the closing of the Company’s initial public offering (the “IPO”);

 

WHEREAS, the
Company and JFL Seller have entered into that certain Purchase Agreement (as may be amended from time to time, the “Purchase
Agreement”), dated as of June 25, 2018, pursuant to which, on the Effective Date (as defined below), the Company will
purchase the issued and outstanding membership interests of NRC Group Holdings, LLC, a Delaware limited liability company (the
“NRC Acquisition”);

 

WHEREAS, pursuant
to the Purchase Agreement, JFL Seller will be entitled to receive, as partial consideration for the membership interests of NRC
Group Holdings, LLC purchased in the NRC Acquisition, (i) a specified number of shares of the Company’s Common Stock equal
to the Purchase Price Common Stock (as defined in the Purchase Agreement), (ii) any shares of the Company’s Common Stock
that may be issued as consideration for the Potential Acquisition Earnout Amount (as defined in the Purchase Agreement), and (iii)
any additional shares of the Company’s Common Stock received by JFL Seller in accordance with the terms of the Purchase Agreement
(all such shares to be issued upon closing of the NRC Acquisition or in accordance with the terms of the Purchase Agreement being
referred to hereafter as the “JFL Seller Shares”);

 

WHEREAS, concurrently
with the execution of the Purchase Agreement, on June 25, 2018, the Company and the Sponsor entered into that Warrant Exchange
and Share Forfeiture Agreement, pursuant to which the Sponsor has agreed that immediately prior to (and contingent upon) the closing
of the NRC Acquisition, subject to the terms and conditions set forth therein, (a) the Sponsor shall exchange all of the Sponsor
Warrants for 1,920,000 newly issued shares of the Company’s Common Stock (“New Sponsor Shares”), and (b)
the Sponsor shall transfer to the Company for forfeiture, 1,920,000 of the Founder Shares then held by the Sponsor;

 

WHEREAS, concurrently
with the execution of the Purchase Agreement, on June 25, 2018, the Company and Nomura entered into that certain Backstop and Subscription
Agreement (the “Nomura Subscription Agreement”), pursuant to which, on or prior to the Effective Date, the Company
will issue and sell to Nomura an aggregate of 132,500 shares (at a face value of $100.00 per share) of the Company’s 7.00%
Series A Convertible Cumulative Preferred Stock, par value $0.0001 per share (the “Preferred Stock”), each
share of Preferred Stock being convertible into shares of Common Stock (the “Underlying Common Shares”) on the
terms provided in the Certificate of Designations, Preferences, Rights and Limitations of the Preferred Stock (the “Certificate
of Designations”) (the shares of Preferred Stock (and the Underlying Common Shares) being issued to Nomura pursuant to
the Nomura Subscription Agreement and the shares of Common Stock issuable as dividend payments on the Preferred Stock under Sections
3 and 4 of the Certificate of Designations, being referred to collectively herein as the “Nomura Shares”);

 

    	 	-2-	 

     

    

 

WHEREAS, pursuant
to that certain Subscription Agreement, dated as of June 25, 2018 (the “JFL Subscription Agreement”), by and
among the Company, Sponsor, and J.F. Lehman & Company, LLC, a Delaware limited liability company, pursuant to which, on the
Effective Date, JFL III and JFL IV will acquire (a) an aggregate of 300,000 shares of Preferred Stock on the terms provided in
the Certificate of Designations and (b) an aggregate of 2,058,173 shares of Common Stock (the shares of Preferred Stock (and the
Underlying Common Shares) and the shares of Common Stock being acquired by JFL III and JFL IV pursuant to the JFL Subscription
Agreement, and the shares of Common Stock issuable as dividend payments on the Preferred Stock under Sections 3 and 4 of the Certificate
of Designations, being referred to collectively herein as the “JFL Subscription Shares,” and, together with
the JFL Seller Shares, the “JFL Shares”);

 

WHEREAS, pursuant
to that certain Subscription Agreement, dated as of August 24, 2018 (the “Cyrus Subscription Agreement”), by
and between the Company and Cyrus Capital Partners, L.P., pursuant to which, on the Effective Date, the Company will issue and
sell to Cyrus (a) an aggregate of 530,000 shares of Preferred Stock on the terms provided in the Certificate of Designations and
(b) an aggregate of 1,463,415 shares of Common Stock (the shares of Preferred Stock (and the Underlying Common Shares) and the
shares of Common Stock being issued to Cyrus pursuant to the Cyrus Subscription Agreement, and shares of Common Stock issuable
as dividend payments on the Preferred Stock under Sections 3 and 4 of the Certificate of Designations, being referred to collectively
herein as the “Cyrus Shares”); and

 

WHEREAS, the
Company and each of the Other Investors have entered into those certain Subscription Agreements, dated between August 6 and August
16, 2018 (collectively, and together with the Nomura Subscription Agreement and Cyrus Subscription Agreement, the “Investor
Agreements”), pursuant to which, on the Effective Date, the Company will issue and sell to the Other Investors (a) an
aggregate of 87,500 shares of Preferred Stock (at a face value of $100.00 per share) on the terms provided in the Certificate of
Designations and (b) an aggregate of 487,805 shares of Common Stock (the shares of Preferred Stock (and the Underlying Common Shares)
and the shares of Common Stock being issued to the Other Investors pursuant to such Subscription Agreements, and the shares of
Common Stock issuable as dividend payments on the Preferred Stock under Sections 3 and 4 of the Certificate of Designations, together
with the Nomura Shares and the Cyrus Shares, being referred to collectively herein as the “PIPE Shares”); and

 

WHEREAS, the
Company and the Holders desire to enter into this Agreement in connection with the closing of the transactions contemplated by
the Purchase Agreement, the JFL Subscription Agreement and the Investor Agreements, as applicable, to amend and restate the Original
Registration Rights Agreement to provide certain registration rights with respect to certain securities of the Company, on the
terms and conditions 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:

 

    	 	-3-	 

     

    

 

ARTICLE
I

DEFINITIONS

 

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

 

“Adverse Disclosure”
shall mean any public disclosure of material non-public information, which disclosure, in the good faith judgment of the principal
executive officer of the Company, principal financial officer of the Company or principal legal officer of the Company, after consultation
with an outside recognized securities law counsel to the Company, (a) 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, (b) would not be required
to be made at such time if the Registration Statement were not being filed, and (c) the Company has a bona fide business purpose
for not making such information public.

 

“Affiliate”
shall mean when used with reference to any Person, any other Person directly or indirectly, through one or more intermediaries,
controlling, controlled by or under common control with such first Person and, when used with reference to any natural person,
shall also include such person’s spouse, parents and descendants (whether by blood or adoption, and including stepchildren)
and the spouses of such persons.

 

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

 

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

 

“Blackout
Period” shall have the meaning given in Section 2.3.

 

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

 

“Certificate
of Designations” shall have the meaning given in the Recitals.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

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

 

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

 

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

 

“Cyrus Shares”
shall have the meaning given in the Recitals.

 

“Cyrus Subscription
Agreement” shall have the meaning given in the Recitals.

 

“Demand Registration”
shall have the meaning given in subsection 2.1.4.

 

“Demand Registration
Requesting Holder” shall have the meaning given in subsection 2.1.4.

 

    	 	-4-	 

     

    

 

“Demand Right
Holders” shall mean the Pre-IPO Demanding Holders, the PIPE Demanding Holders and JFL.

 

“Demanding
Holder” shall mean a Demand Right Holder who has made a written demand pursuant to subsection
2.1.3, 2.1.4 or 2.1.6, as applicable.

 

“Effective
Date” shall mean the date the Company consummates the NRC Acquisition.

 

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

 

“Form S-1”
shall have the meaning given in subsection 2.1.4.

 

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

 

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

 

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

 

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

 

“Investor
Agreements” shall have the meaning given in the Recitals.

 

“IPO”
shall have the meaning given in the Recitals.

 

“JFL”
shall mean, collectively, JFL III, JFL IV and JFL Seller and any of their respective Affiliates, subsidiaries and managed funds
and its and their successors and assigns (other than the Company and its subsidiaries) who are Permitted Transferees, in each case
to the extent the foregoing is a Holder of Registrable Securities. 

 

“JFL III”
shall have the meaning given in the Preamble.

 

“JFL IV”
shall have the meaning given in the Preamble.

 

“JFL Seller”
shall have the meaning given in the Preamble.

 

“JFL Seller
Shares” shall have the meaning given in the Recitals.

 

“JFL Shares”
shall have the meaning given in the Recitals.

 

“JFL Subscription
Agreement” shall have the meaning given in the Recitals.

 

“JFL Subscription
Shares” shall have the meaning given in the Recitals.

 

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

 

    	 	-5-	 

     

    

 

“Lock-Up Agreement”
shall mean that certain Lock-Up Agreement, dated as of the Effective Date, by and between JFL Seller and the Company, entered into
pursuant to the Purchase Agreement.

 

“Lock-up Period”
shall mean the applicable lock-up periods for the Holders set forth in the Investor Agreements, the Lock-Up Agreement and the Founder
Shares Purchase Agreement.

 

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

 

“Material
Adverse Change” shall mean (a) any general suspension of trading in, or limitation on prices for, securities on any national
securities exchange or in the over-the-counter market in the United States; (b) the declaration of a banking moratorium or any
suspension of payments in respect of banks in the United States; (c) a material outbreak or escalation of armed hostilities or
other international or national calamity involving the United States or the declaration by the United States of a national emergency
or war or a change in national or international financial, political or economic conditions; or (d) any event, change, circumstance
or effect that is or is reasonably likely to be materially adverse to the business, properties, assets, liabilities, condition
(financial or otherwise), operations, results of operations or prospects of the Company and its subsidiaries taken as a whole.

 

“Maximum Number
of Securities” shall have the meaning given in subsection 2.1.7.

 

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

 

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

 

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

 

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

 

“New Sponsor
Shares” shall have the meaning given in the Recitals.

 

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

 

“Nomura Shares”
shall have the meaning given in the Recitals.

 

“Nomura Subscription
Agreement” shall have the meaning given in the Recitals.

 

“NRC Acquisition”
shall have the meaning given in the Recitals.

 

“Other Investors”
shall have the meaning given in the Preamble.

 

    	 	-6-	 

     

    

 

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

 

“Permitted
Transferee” shall mean, with respect to each Holder of Registrable Securities, a person or entity to whom a Holder of
Registrable Securities is permitted to transfer such Registrable Securities prior to the expiration of the applicable Lock-up Period
under any of the following agreements if such Holder is a party thereto or otherwise bound thereby: the Investor Agreements, the
Lock-Up Agreement, the Founder Shares Purchase Agreement and any letter agreement with the Company, and in the case of the Sponsor,
under the Sponsor’s limited liability company agreement, in each case in accordance with and without violating such agreement;
provided, however, a person shall not be a Permitted Transferee under this Agreement unless and until such person has entered into
a written agreement agreeing to be bound by the same transfer restrictions the transferring Holder is bound by pursuant to the
Investor Agreements, the Lock-Up Agreement, the Founder Shares Purchase Agreement and, if applicable, such other agreements to
which such transferring Holder is a party or otherwise bound thereby; provided, further, that no transferee, to be a Permitted
Transferee under this Agreement, shall be required to enter into a written agreement agreeing to be bound by transfer restrictions
under any of the foregoing agreements to the extent the transferring Holder is not party to or otherwise bound by such transfer
restrictions. Notwithstanding the foregoing, with respect to the JFL Subscription Shares, Permitted Transferees shall include JFL
III, JFL IV and JFL Seller and each of their respective direct and indirect equity holders, Affiliates, subsidiaries and managed
funds and its and their successors and permitted assigns (other than the Company and its subsidiaries).

 

“Person”
shall mean a company, a corporation, an association, a partnership, a limited liability company, an organization, a joint venture,
a trust or other legal entity, an individual, a government or political subdivision thereof or a governmental agency.

 

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

 

“PIPE Demanding
Holder” shall mean each of Cyrus and Nomura, to the extent Cyrus or Nomura initiates a demand pursuant to subsection
2.1.3, 2.1.4 or 2.1.6, as applicable.

 

“PIPE Holder”
shall mean Cyrus, Nomura, the Other Investors or any of their respective Affiliates or their respective Permitted Transferees,
in each case who is a Holder of Registrable Securities.

 

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

 

“Pre-IPO Demanding
Holders” shall mean the Pre-IPO Holders (or any of their respective Affiliates or their respective Permitted Transferees,
in each case who is a Holder of Registrable Securities) initiating a demand pursuant to subsection 2.1.3, 2.1.4 or 2.1.6,
as applicable, and representing at least a majority in interest of the then outstanding number of Registrable Securities held
by the Pre-IPO Holders in the aggregate.

 

“Pre-IPO Holders”
shall have the meaning given in the Preamble.

 

    	 	-7-	 

     

    

 

“Preferred
Stock” shall have the meaning given in the Recitals.

 

“Pro Rata” shall have
the meaning given in subsection 2.1.7.

 

“Prospectus” shall mean
the prospectus included in any Registration Statement (and the Shelf Prospectus in the case of the Shelf 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.

 

“Purchase
Agreement” shall have the meaning given in the Recitals.

 

“Registrable
Security” shall mean (a) the JFL Shares, (b) the Founder Shares, (c) the New Sponsor Shares, (d) the PIPE
Shares issued pursuant to (or issuable under) the Investor Agreements and Certificate of Designations, including, for the avoidance
of doubt, the maximum number of shares of Common Stock that are issuable by the Company as dividend payments on the Preferred Stock
in accordance with Sections 3 and 4 of the Certificate of Designations, (e) the Underlying Common Shares, (f) any outstanding shares
of the Common Stock or any other equity security (including the shares of the Common Stock issued or issuable upon the exercise
or exchange of any other equity security) of the Company held by a Holder as of the date of this Agreement, and (g) any other
equity security of the Company issued or issuable with respect to any such share of the Common Stock by way of a stock dividend
or stock split or in connection with a combination of shares, distribution, recapitalization, merger, consolidation, reorganization
or other similar event; provided, however, that, as to any particular Registrable Security, such securities
shall cease to be Registrable Securities when: (i) 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; (ii) 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; (iii) such securities shall have
ceased to be outstanding; (iv) such securities may be sold without registration pursuant to Rule 144 promulgated under the
Securities Act (but with no volume or other restrictions or limitations); or (v) such securities have been sold to, or through,
a broker, dealer or underwriter in a public distribution or other public securities transaction.

 

“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) and
any securities exchange on which the Common Stock is then listed;

 

    	 	-8-	 

     

    

 

(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) internal fees and
expenses of the Company;

 

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

 

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

 

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

 

(g) reasonable fees
and expenses of one (1) legal counsel selected by the majority-in-interest of the Holders in connection with each Registration
to represent the interests of the Holders, except, in connection with a Demand Registration, legal counsel shall be selected by
the majority-in-interest of the Demanding Holders (and, in any event, so selected with the approval of JFL, but only to the extent
that JFL is participating in such Demand Registration) initiating a Demand Registration to be registered for offer and sale in
the applicable Registration.

 

“Registration
Statement” shall mean any registration statement (including the Shelf Registration Statement) that covers the Registrable
Securities pursuant to the provisions of this Agreement, including the Prospectus included in such registration statement (and
the Shelf Prospectus in the case of the Shelf 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 mean the Demand Registration Requesting Holders and the Underwritten Shelf Offering Requesting Holders,
as applicable.

 

“SEC Comments”
shall have the meaning given in subsection 2.1.1.

 

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

 

“Shelf Prospectus”
shall have the meaning given in subsection 2.1.1.

 

“Shelf Registration
Statement” shall have the meaning given in subsection 2.1.1.

 

“Shelf Registration
Statement Effective Period” shall have the meaning given in subsection 2.1.1.

 

“Shelf Takedown”
shall have the meaning given in subsection 2.1.2.

 

“Shelf Takedown
Notice” shall have the meaning given in subsection 2.1.2.

 

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

 

    	 	-9-	 

     

    

 

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

 

“Touchstone
TAF” shall have the meaning given in the Preamble.

 

“Underlying
Common Shares” shall have the meaning given in the Recitals.

 

“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
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.

 

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

 

ARTICLE
II

REGISTRATIONS

 

2.1 Shelf Registration
Statement; Demand Registration.

 

2.1.1 Shelf Registration
Statement. The Company shall (a) as soon as reasonably practicable within sixty (60) days after the Effective Date, file with
the Commission a shelf registration statement (the “Shelf Registration Statement”) under the Securities Act
on Form S-3 (or any successor form or similar short-form registration involving a similar amount of disclosure constituting a “shelf”
registration statement for a public offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities
Act) (“Form S-3”) that covers all Registrable Securities then held by the Holders for a public offering
to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (or any successor rule thereto)
and includes a Prospectus (the “Shelf Prospectus”) that permits the disposition of all Registrable Securities
subject to the Shelf Registration Statement and (b) use its reasonable best efforts to cause such Shelf Registration Statement
to become effective as promptly thereafter as practicable, but in any event not later than one hundred eighty (180) days after
the Effective Date if the Company receives comments to the Shelf Registration Statement from the staff of the Commission (“SEC
Comments”) or ninety (90) days after the Effective Date if the Company does not receive SEC Comments.  The Company
shall use its reasonable best efforts to prepare and file with the Commission such amendments, post-effective amendments and supplements
(including prospectus supplements) to such Shelf Registration Statement and the Shelf Prospectus as may be necessary to keep such
Shelf Registration Statement effective and to comply with the provisions of the Securities Act to, subject to Section 3.4,
permit the disposition of all Registrable Securities subject thereto during the period (the “Shelf Registration Statement
Effective Period”) beginning on the date the staff of the Commission declares the Shelf Registration Statement effective
and ending on the earliest to occur of (i) 36 months after the effective date of such Shelf Registration Statement, (ii) the
date on which all the Registrable Securities subject thereto have been sold or distributed pursuant to such Shelf Registration
Statement or (iii) the date when all Registrable Securities covered by the Shelf Registration Statement first become eligible
for sale pursuant to Rule 144 under the Securities Act without volume limitation or other restrictions on transfer thereunder.

 

    	 	-10-	 

     

    

 

2.1.2 Request for
Shelf Takedown. Subject to the provisions of subsection 2.1.7 and Section 2.3 hereof, at
any time and from time to time on or after the Effective Date, at any time that the Shelf Registration Statement is effective,
if a Holder of Registrable Securities covered by the Shelf Registration Statement delivers a notice to the Company (a “Shelf
Takedown Notice”) stating that the Holder intends to effect an offering of all or part of its Registrable Securities
included in the Shelf Registration Statement (a “Shelf Takedown”) and the Company is eligible to use the
Shelf Registration Statement for such Shelf Takedown, then, the Company shall, subject to Section 3.4, as promptly
as reasonably practicable, take all actions reasonably required, including amending or supplementing the Shelf Registration Statement,
to enable such Registrable Securities to be offered and sold as contemplated by such Shelf Takedown Notice.  Each Shelf Takedown
Notice shall specify the amount and type of Registrable Securities to be offered and sold in the Shelf Takedown and the intended
method of distribution thereof.  Except as set forth in subsection 2.1.3 hereof, the Company shall not be
obligated to effect requests set forth in a Shelf Takedown Notice through an Underwritten Offering.

 

2.1.3 Underwritten
Offering pursuant to Shelf Takedown. Any Demand Right Holder that has initiated a Shelf Takedown and delivered a Shelf Takedown
Notice to the Company pursuant to subsection 2.1.2 shall have the right to demand as part of their Shelf Takedown
Notice an offering in the form of an Underwritten Offering, provided that the aggregate offering price for any such offering is
at least $5,000,000.00 in the aggregate. The Company shall, within 10 days of the Company’s receipt from such Demanding
Holder of such Shelf Takedown Notice that includes a written demand for an Underwritten Offering, notify, in writing, all other
Demand Right Holders of Registrable Securities and such Holder who thereafter wishes to include all or a portion of such Holder’s
Registrable Securities in such Underwritten Offering pursuant to a Shelf Takedown (each such Holder, an “Underwritten
Shelf Offering Requesting Holder”) shall so notify the Company, in writing, within five days after the receipt by such
Holder of the notice from the Company. Upon receipt by the Company of any such written notification from an Underwritten Shelf
Offering Requesting Holder, such Holder shall be entitled, subject to subsection 2.1.7 and Section 2.3 hereof,
to have its Registrable Securities included in the Underwritten Offering pursuant to the Shelf Takedown. All such Holders proposing
to distribute their Registrable Securities through a Shelf Takedown under this subsection 2.1.3 shall, at the
time of any such Shelf Takedown, enter into an underwriting agreement in customary form with the Underwriter(s) selected by the
Demand Right Holder that initiated the Underwritten Offering pursuant to the Shelf Takedown (provided, however,
that such Underwriter(s) is reasonably satisfactory to the Company and JFL (but only to the extent that JFL is participating in
such Underwritten Offering pursuant to a Shelf Takedown pursuant to this subsection 2.1.3); provided, further that
any obligation of any such Holder to indemnify any Person pursuant to any such underwriting agreement shall be several, not joint
and several, among such Holders selling Registrable Securities, and such liability shall be limited to the net amount received
by any such Holder from the sale of his, her or its Registrable Securities pursuant to such Underwritten Offering, and the relative
liability of each such Holder shall be in proportion to such net amounts). The number of Shelf Takedowns that the Demand Right
Holders may initiate pursuant to subsection 2.1.2 shall not be limited, provided that the number of Underwritten
Offerings that may be initiated hereunder shall be limited, in the case of JFL, to a total of eight (8) (less any Demand Registration
requests initiated by JFL pursuant to subsection 2.1.4) and, in the case of each of the PIPE Demanding Holders or the Pre-IPO
Demanding Holders, to one (1) per each of the PIPE Demanding Holders or Pre-IPO Demanding Holder (less any Demand Registration
requests initiated by any such Demand Right Holders pursuant to subsection 2.1.4).

 

    	 	-11-	 

     

    

 

2.1.4 Request for
Demand Registration. Subject to the provisions of subsection 2.1.7 and Section 2.3, at any time
and from time to time on or after the Effective Date, if (a) the Shelf Registration Statement is not declared effective by the
Commission on or prior to the date that is 180 days after the Effective Date or (b) at any time during the Shelf Registration Statement
Effective Period, the Shelf Registration Statement is not available to the Holders (except for any unavailability resulting from
information supplied by or on behalf of a Holder for use in the Shelf Registration Statement being incorrect or incomplete), any
Demand Right Holder may make a written demand for Registration under the Securities Act 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”). Any such Demand Registration may
(but shall not be required to be), at the election of the Demanding Holder, be a shelf registration pursuant to Rule 415 (or any
successor rule promulgated thereafter by the Commission). The Company shall, within 10 days of the Company’s receipt of the
Demand Registration, notify, in writing, all other Demand Right Holders of Registrable Securities of such demand, and each such
Holder who thereafter wishes to include all or a portion of such Holder’s Registrable Securities in a Registration pursuant
to the Demand Registration (each such Holder, a “Demand Registration Requesting Holder”) shall so notify the
Company, in writing, within five days after the receipt by such Holder of the notice from the Company. Upon receipt by the Company
of any such written notification from a Demand Registration Requesting Holder to the Company, such Holder shall be entitled, subject
to subsection 2.1.7 and Section 2.3 hereof, to have their Registrable Securities included in
a Registration Statement pursuant to a Demand Registration, and the Company shall file a Registration Statement relating thereto
within 30 days after receipt by the Company of the Demand Registration and shall cause such Registration Statement to become effective
as soon thereafter as reasonably practicable, providing for the Registration of all Registrable Securities requested by the Demanding
Holders and Demand Registration Requesting Holders pursuant to such Demand Registration. The number of Registrations pursuant to
a Demand Registration that the Demand Right Holders may initiate pursuant to the first sentence of this subsection 2.1.4 shall
be limited, (i) in the case of JFL, to a total of eight (8) (less any Shelf Takedown Notice in the form of an Underwritten Offering
initiated by JFL pursuant to subsection 2.1.3) and, (ii) in the case of each of the PIPE Demanding Holders or the Pre-IPO
Demanding Holders, to one (1) per each of the PIPE Demanding Holders or Pre-IPO Demanding Holder (less any Shelf Takedown Notice
in the form of an Underwritten Offering initiated by any such Demand Right Holders pursuant to subsection 2.1.3); provided, however,
that a Registration shall not be counted for such purposes unless a Form S-1 or any similar long-form registration statement that
may be available at such time (“Form S-1”) has become effective and all of the Registrable Securities requested
by the Requesting Holders to be registered on behalf of the Requesting Holders in such Form S-1 Registration have been sold, in
accordance with Section 3.1 of this Agreement.

 

    	 	-12-	 

     

    

 

2.1.5 Effective Registration.
Notwithstanding the provisions of subsection 2.1.4 above or any other part of this Agreement, a Registration pursuant
to a Demand Registration shall not count as a Registration unless and until (a) the Registration Statement filed with the
Commission with respect to a Registration pursuant to a Demand Registration has been declared effective by the Commission, (b) the
Company has complied with all of its obligations under this Agreement with respect thereto and (c) the Registration Statement has
remained effective continuously until the earlier of (x) one (1) year after effectiveness or (y) the date on which all of the Registrable
Securities requested by the Requesting Holders to be registered on behalf of the Requesting Holders in such Registration Statement
have been sold; 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 Holder(s) 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 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.

 

2.1.6 Underwritten
Offering pursuant to Demand Registration. Subject to the provisions of subsection 2.1.7 and Section
2.3 hereof, the Demanding Holder(s) may advise the Company as part of their Demand Registration that the offering of the
Registrable Securities pursuant to such Demand Registration, or a portion thereof, may be in the form of an Underwritten Offering; provided, however,
that the aggregate offering price for any such Underwritten Offering may not be less than $25,000,000.00, unless the Company is
eligible to register such shares of Common Stock on a Form S-3, or subsequent similar form, in a manner which does not require
inclusion of any information concerning the Company other than to incorporate by reference (including forward incorporation by
reference) its filings under the Exchange Act, in which case the aggregate offering price for any such Underwritten Offering may
not be less than $5,000,000.00. All such Demanding Holders and Requesting Holders (if any) proposing to distribute their Registrable
Securities through an Underwritten Offering under this subsection 2.1.6 shall, at the time of any such Underwritten
Offering, enter into an underwriting agreement in customary form with the Underwriter(s) selected by the Demanding Holder (provided, however,
that such Underwriter(s) is reasonably satisfactory to the Company and JFL (but only to the extent that JFL is participating in
such Underwritten Offering); provided, further that any obligation of any such Holder to indemnify
any Person pursuant to any such underwriting agreement shall be several, not joint and several, among such Holders selling Registrable
Securities, and such liability shall be limited to the net amount received by any such Holder from the sale of his, her or its
Registrable Securities pursuant to such Underwritten Offering, and the relative liability of each such Holder shall be in proportion
to such net amounts).

 

    	 	-13-	 

     

    

 

2.1.7 Reduction of
Underwritten Offering in Connection with Shelf Takedown or Demand Registration. If the managing Underwriter(s) in an Underwritten
Offering effected pursuant to a Shelf Takedown or Demand Registration, as applicable, in good faith, advises the Company, the Demanding
Holders and/or the Requesting Holders (as applicable) in writing that the dollar amount or number of Registrable Securities that
the Demanding Holders and/or the Requesting Holders (as applicable) 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 piggyback 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: (a) first, the Registrable Securities of the Demanding
Holders and JFL (as applicable) (pro rata based on the number of Registrable Securities that each Demanding Holder has requested
to be included in such Underwritten Offering and, in the case of JFL, based on the respective number of Registrable Securities
then held by such Holders (such proportion is referred to herein as “Pro Rata”)) up to the maximum amount that
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 the PIPE Holders (Pro Rata, based on the respective
number of Registrable Securities that each such Holder has requested to be included in such Underwritten Offering), (c) third,
to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (a) and (b), the Registrable
Securities of the Pre-IPO Holders (Pro Rata, based on the respective number of Registrable Securities that each such Holder has
so requested to be included in such Underwritten Offering without exceeding the Maximum Number of Securities; (d) fourth, to the
extent that the Maximum Number of Securities has not been reached under the foregoing clauses (a), (b) and (c), the Registrable
Securities of other 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 2.2.1 hereof, without
exceeding the Maximum Number of Securities; (e) fifth, to the extent that the Maximum Number of Securities has not been reached
under the foregoing clauses (a), (b), (c) and (d), 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 (f) sixth, to the extent that the Maximum Number
of Securities has not been reached under the foregoing clauses (a), (b), (c) (d) and (e), the Common Stock or other equity securities,
Pro Rata, 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.

 

    	 	-14-	 

     

    

 

2.1.8 Demand Registration
Withdrawal.

 

(a) A Holder may withdraw
all or any portion of its Registrable Securities included in a Demand Registration from such Demand Registration at any time prior
to the effectiveness of the applicable Registration Statement; provided that such withdrawal shall be irrevocable
and, after making such withdrawal, a Holder shall no longer have any right to include Registrable Securities in the Demand Registration
as to which such withdrawal was made. In the event the initiating Demanding Holder notifies the Company that it is withdrawing
all of its Registrable Securities from the Demand Registration, the Company shall cease all efforts to secure effectiveness of
the applicable Registration Statement. Such registration nonetheless shall be deemed a Demand Registration with respect to such
initiating Holder for purposes of subsection 2.1.4 unless (i) such Holder shall have paid or reimbursed the Company
for its pro rata share of all reasonable and documented out-of-pocket fees and expenses incurred by the Company in connection with
the withdrawn registration of such Registrable Securities (based on the number of securities such Holder sought to register, as
compared to the total number of securities included in such Demand Registration) or (ii) the withdrawal is made following the occurrence
of a Material Adverse Change or pursuant to the Company’s request for suspension.

  

(b) In the case of
any Underwritten Offering in connection with any Shelf Takedown or Demand Registration, any participating Holder shall have the
right to withdraw their respective Registrable Securities, in whole or in part, from such Underwritten Offering prior to the pricing
of such Underwritten Offering; provided that such withdrawal shall be irrevocable and, after making such withdrawal,
a Holder shall no longer have any right to include Registrable Securities in the Underwritten Offering as to which such withdrawal
was made. If the withdrawing Holder is the Holder who initiated the Underwritten Offering pursuant to subsection 2.1.3,
such Underwritten Offering nonetheless shall be deemed a Shelf Takedown with respect to such withdrawing Holder for purposes of subsection
2.1.3 unless (i) such Holder shall have paid or reimbursed the Company for its pro rata share of all reasonable and documented
out-of-pocket fees and expenses incurred by the Company in connection with the withdrawn Underwritten Offering (based on the number
of securities such Holder sought to include in the Underwritten Offering, as compared to the total number of securities included
in such Underwritten Offering) or (ii) the withdrawal is made following the occurrence of a Material Adverse Change or pursuant
to the Company’s request for suspension.

 

(c) Notwithstanding
anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection
with a Registration pursuant to a Demand Registration or an Underwritten Offering prior to its withdrawal under this subsection
2.1.8; provided, however, that Nomura shall reimburse the Company for its proportionate share of all out-of-pocket Registration
Expenses incurred by the Company in connection with any Underwritten Offering requested by Nomura pursuant to a Shelf Takedown
or Demand Registration (it being understood that such proportionate share shall be based on the total number of Registrable Securities
sold by Nomura relative to the total number of Registrable Securities sold in such Underwritten Offering).

 

    	 	-15-	 

     

    

 

2.2 Piggyback Registration.

 

2.2.1 Piggyback Rights.

 

(a) If at any time
on or after the Effective Date, (i) the Shelf Registration Statement is not declared effective by the Commission on or prior to
the date that is 180 days after the Effective Date or (ii) at any time during the Shelf Registration Statement Effective Period,
the Shelf Registration Statement is not available to the Holders (except for any unavailability resulting from information supplied
by or on behalf of a Holder for use in the Shelf Registration Statement being incorrect or incomplete) and 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), other than a Registration Statement (A) filed in
connection with any employee stock option or other benefit plan, (B) for an exchange offer or offering of securities solely
to the Company’s existing stockholders, or (C) 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 days
before the anticipated effectiveness date of such Registration Statement, which notice shall (1) 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 (2) 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 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.

  

(b) If at any time
on or after the Effective Date, the Company proposes to effect an Underwritten Offering for its own account or for the account
of stockholders of the Company (a “Company Underwritten Offering”), the Company shall notify, in writing, all
Holders of Registrable Securities of such demand, and such Holder who thereafter wishes to include all or a portion of such Holder’s
Registrable Securities in such Underwritten Offering (each such Holder, a “Company Underwritten Shelf Offering Requesting
Holder”) shall so notify the Company, in writing, within five days after the receipt by such Holder of the notice from
the Company. Upon receipt by the Company of any such written notification from a Company Underwritten Shelf Offering Requesting
Holder, such Holder shall be entitled, subject to subsection 2.2.2 and Section 2.3 hereof, to
have its Registrable Securities included in the Company Underwritten Offering. All such Holders proposing to distribute their Registrable
Securities through the Company Underwritten Offering shall enter into an underwriting agreement in customary form with the Underwriter(s)
selected by the Company. The Company shall use its best efforts to cause the managing Underwriter or Underwriters of any proposed
Company Underwritten Offering to permit the Registrable Securities requested by the Holders pursuant to this subsection
2.2.1(b) to be included in such Company Underwritten Offering on the same terms and conditions as any similar securities
of the Company included in such Company Underwritten Offering and to otherwise 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 any Company Underwritten Offering under this subsection 2.2.1(b) shall enter into an underwriting
agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the Company; provided, however that
any obligation of any such Holder to indemnify any Person pursuant to any such underwriting agreement shall be several, not joint
and several, among such Holders selling Registrable Securities, and such liability shall be limited to the net amount received
by any such Holder from the sale of his, her or its Registrable Securities pursuant to such Underwritten Offering, and the relative
liability of each such Holder shall be in proportion to such net amounts.

 

    	 	-16-	 

     

    

 

2.2.2 Reduction of
Underwritten Offering in Connection with Piggyback Registration. If the managing Underwriter(s) in any Underwritten Offering
to be effected in connection with a Piggyback Registration, in good faith, advises the Company and the Holders of Registrable Securities
participating in the Underwritten Offering in writing that the dollar amount or number of the Common Stock that the Company desires
to sell in such Underwritten Offering, taken together with (i) the Common Stock, if any, as to which inclusion in such Underwritten
Offering 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 inclusion in such Underwritten Offering has
been requested pursuant to subsection 2.2.1 hereof, and (iii) the Common Stock, if any, as to which inclusion
in such Underwritten Offering has been requested pursuant to separate written contractual piggyback registration rights of other
stockholders of the Company, exceeds the Maximum Number of Securities, then:

  

(a) If the Company
Underwritten Offering is undertaken for the Company’s account, the Company shall include in any such Underwritten Offering
(A) first, the Common Stock or other equity securities that the Company desires to sell in such Underwritten Offering, 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 JFL that it has requested to be included in
such Underwritten Offering pursuant to subsection 2.2.1(b) hereof, Pro Rata, 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 Registrable Securities of the PIPE Holders exercising their rights to include their Registrable Securities in
such Underwritten Offering pursuant to subsection 2.2.1(b) hereof, Pro Rata, which can be sold without exceeding the Maximum
Number of Securities; (D) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing
clauses (A), (B) and (C), the Registrable Securities of the Pre-IPO Holders exercising their rights to include their Registrable
Securities in such Underwritten Offering pursuant to subsection 2.2.1(b) hereof, Pro Rata, which can be sold without exceeding
the Maximum Number of Securities; and (E) fifth, to the extent that the Maximum Number of Securities has not been reached under
the foregoing clauses (A), (B), (C) and (D), the Common Stock, if any, as to which inclusion in such Underwritten Offering has
been requested pursuant to written contractual piggyback registration rights of other stockholders of the Company, Pro Rata, which
can be sold without exceeding the Maximum Number of Securities;

 

(b) If the Company
Underwritten Offering is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the
Company shall include in any such Underwritten Offering (A) first, the Common Stock or other equity securities (if any), Pro Rata,
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 JFL that it has requested to be included in such Underwritten Offering pursuant to subsection
2.2.1(b) hereof, Pro Rata, 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 Registrable Securities of the
PIPE Holders exercising their rights to include their Registrable Securities in such Underwritten Offering pursuant to subsection
2.2.1(b), Pro Rata, which can be sold without exceeding the Maximum Number of Securities; (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 that the Company desires to sell in such Underwritten Offering, which can be sold without exceeding the Maximum Number
of Securities; (E) fifth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses
(A), (B), (C) and (D), the Registrable Securities of the Pre-IPO Holders exercising their rights to include their Registrable Securities
in such Underwritten Offering pursuant to subsection 2.2.1(b), Pro Rata, which can be sold without exceeding the Maximum
Number of Securities; and (F) sixth, to the extent that the Maximum Number of Securities has not been reached under the foregoing
clauses (A), (B), (C), (D) and (E), the Common Stock or other equity securities, Pro Rata, for the account of other persons or
entities that the Company is obligated to include in such Underwritten Offering pursuant to separate written contractual arrangements
with such persons or entities, which can be sold without exceeding the Maximum Number of Securities.

 

    	 	-17-	 

     

    

 

2.2.3 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(s) (if any) of such Holder’s intention
to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed with the Commission
with respect to such Piggyback Registration. 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.
In the case of any Underwritten Offering in connection with any Piggyback Registration, any participating Holder shall have the
right to withdraw their respective Registrable Securities from such Underwritten Offering prior to the pricing of such Underwritten
Offering. Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses
incurred in connection with the Piggyback Registration or Underwritten Offering prior to its withdrawal under this subsection
2.2.3.

 

2.2.4 Unlimited Piggyback
Registration Rights. For purposes of clarity, any Registration or Underwritten Offering 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 Restrictions
on Registration Rights. Notwithstanding anything to the contrary contained herein, the Company shall not be obligated to (but
may, at its sole option) (a) effect any Demand Registration or an Underwritten Offering within sixty (60) days after the closing
of an Underwritten Offering or (b) file a Registration Statement (or any amendment thereto) or effect an Underwritten Offering
(or, if the Company has filed a Shelf Registration Statement and has included Registrable Securities therein, the Company shall
be entitled to suspend the offer and sale of Registrable Securities pursuant to such Registration Statement) for a period of up
to forty-five (45) days if the Company has determined in good faith that the sale of Registrable Securities pursuant a Registration
Statement would require disclosure of material non-public information not otherwise required to be disclosed under applicable securities
laws (i) which disclosure would have a material adverse effect on the Company or (ii) relating to a material transaction involving
the Company (any such period, a “Blackout Period”); provided, however, that in no event shall any Blackout Period
together with other Blackout Periods exceed an aggregate of 90 days in any consecutive 12-month period. Any delivery by the Company
of notice of a Blackout Period during the sixty (60) days immediately following effectiveness of any Registration Statement effected
pursuant to Section 2.1 hereof shall give the Holders of a majority in aggregate amount of Registrable Securities being
sold pursuant to such Registration Statement the right, by written notice to the Company within twenty (20) business days after
the end of such Blackout Period, to cancel such registration. Notwithstanding the foregoing, the Company shall not exercise its
rights under this Section 2.3 to invoke a Blackout Period unless it applies the same Blackout Period restrictions contained
herein to all other securityholders of the Company with contractual registration rights.

 

    	 	-18-	 

     

    

 

ARTICLE
III

COMPANY PROCEDURES

 

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

 

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

 

3.1.2 prepare and file
with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements to the Prospectus,
as may be requested by the Holders 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;

 

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

 

    	 	-19-	 

     

    

 

3.1.4 prior to any public
offering of Registrable Securities, use its best efforts to (a) 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 (b) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be
registered with or approved by such other governmental authorities as may be necessary by virtue of the business and operations
of the Company and do any and all other acts and things that may be necessary or advisable to enable the Holders of Registrable
Securities included in such Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however,
that the Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be
required to qualify or take any action to which it would be subject to general service of process or taxation in any such jurisdiction
where it is not then otherwise so subject;

 

3.1.5 notify each selling
Holder promptly of any written comments by the Commission or any request by the Commission for the amending or supplementing of
such Registration Statement or prospectus or for additional information;

 

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

 

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

 

3.1.8 provide a CUSIP
number for all Registrable Securities not later than the effective date of the Registration Statement with respect thereto;

 

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

 

3.1.10 at least five
business days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration
Statement or Prospectus, furnish a copy thereof to each seller of such Registrable Securities or its counsel;

 

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

 

3.1.12 permit a representative
of the Holders, 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 representatives or Underwriters enter into a confidentiality
agreement, in form and substance reasonably satisfactory to the Company, prior to the release or disclosure of any such information;

 

    	 	-20-	 

     

    

 

3.1.13 obtain a “comfort”
letter for the benefit of the Underwriters from the Company’s independent registered public accountants in the event of an
Underwritten Offering, in customary form and covering such matters of the type customarily covered by “comfort” letters
as the managing Underwriter and its counsel may reasonably request;

 

3.1.14 on the date the
Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion and negative assurance letter, dated
such date, of counsel representing the Company for the purposes of such Registration, addressed to the Underwriters, if any, covering
such legal matters with respect to the Registration in respect of which such opinion and negative assurance letter is being given
as the Underwriters may reasonably request and as are customarily included in such opinions and negative assurance letters;

 

3.1.15 in the event of
any Underwritten Offering or Shelf Takedown, enter into and perform its obligations under an underwriting agreement, in usual and
customary form, with the managing Underwriters of such offering;

 

3.1.16 make available
to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least 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;

 

3.1.17 if the Registration
involves the Registration of Registrable Securities involving gross proceeds in excess of $25,000,000.00, 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 Underwriters in any Underwritten Offering or Shelf Takedown (provided that the dollar threshold
in this Section 3.1.17 shall be reduced to $10,000,000 in a Registration relating to Registrable Securities of JFL);

 

3.1.18 take no direct
or indirect action prohibited by Regulation M under the Exchange Act; provided, that, to the extent that
any prohibition is applicable to the Company, the Company will take all reasonable action to make any such prohibition inapplicable;
and

 

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

 

3.2 Registration
Expenses. Subject to the proviso in subsection 2.1.8(c), the Registration Expenses of all Registrations shall be borne
by the Company. It is acknowledged by the Holders that each Holder shall be responsible for any Underwriters’ commissions
and discounts or brokerage fees in respect of the Registrable Securities sold by it and, other than as set forth in the definition
of “Registration Expenses,” the fees and expenses of any legal counsel representing the Holders.

 

    	 	-21-	 

     

    

 

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

 

3.4 Suspension of
Sales; Adverse Disclosure. Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains
a Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies
of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare
and file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised in writing
by the Company that the use of the Prospectus may be resumed. If the filing, initial effectiveness or continued use of a Registration
Statement in respect of any Registration at any time would require the Company to make an Adverse Disclosure or would require the
inclusion in such Registration Statement of financial statements that are unavailable to the Company for reasons beyond the Company’s
control, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness
of, or suspend use of, such Registration Statement for the shortest period of time, but in no event more than 30 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 3.4.

 

3.5 Reporting Obligations.
As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be reporting 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 and, if requested
by Holders, to promptly furnish such Holders with true and complete copies of all such filings. The Company covenants that, promptly
after the Effective Date (but no later than four business days after the Effective Date), it shall file “Form 10 information”
(as such term is defined in Rule 144(i) under the Securities Act) with the Commission. 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, including providing any legal opinions. 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.

 

    	 	-22-	 

     

    

 

ARTICLE
IV

INDEMNIFICATION AND CONTRIBUTION

 

4.1 Indemnification.

 

4.1.1 The Company agrees
to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its partners, officers, directors, employees
and agents, and each person who controls such Holder (within the meaning of the Securities Act or the Exchange Act, as applicable)
against all losses, claims, damages, liabilities and expenses (including reasonable attorneys’ fees) caused by any untrue
or alleged untrue statement of material fact contained in (or incorporated by reference in) any Registration Statement, Prospectus,
preliminary Prospectus, free writing prospectus (as defined in Rule 405 under the Securities Act or any successor rule thereto)
or any amendment thereof or supplement thereto, or any filing under any state securities law required to be filed or furnished,
or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein
not misleading, and shall reimburse such Holder for any legal or other expenses reasonably incurred by any of them in connection
with investigating or defending any such loss, claim, action, damage, liability or proceeding, except insofar as the same are caused
by or contained in any information furnished in writing to the Company by such Holder expressly stating that it is for use therein.
The Company shall indemnify the Underwriters, their partners, officers, directors, employees and agents, and each person who controls
such Underwriters (within the meaning of the Securities Act or the Exchange Act, as applicable), to the same extent as provided
in the foregoing with respect to the indemnification of the Holders.

 

4.1.2 In connection with
any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish to the Company
in writing such information 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 partners, directors, officers, employees and agents, and
each other Holder and its respective partners, directors, officers, employees and agents, and each person who controls the Company
or any other Holder (within the meaning of the Securities Act or Exchange Act, as applicable) against any losses, claims, damages,
liabilities and expenses (including without limitation reasonable attorneys’ fees) resulting from any untrue statement of
material fact contained in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement
thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading,
but only to the extent that such untrue statement or omission is contained in any information so furnished in writing by such Holder
expressly stating that it is 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 partners,
officers, directors, employees and agents, 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.

 

    	 	-23-	 

     

    

 

4.1.3 Any person entitled
to indemnification herein shall (a) 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 (b) 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
(and one applicable local counsel) for all parties indemnified by such indemnifying party with respect to such claim, unless in
the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other
of such indemnified parties with respect to such claim. No indemnifying party shall, without the consent of the indemnified party,
consent to the entry of any judgment or enter into any settlement which cannot be settled in all respects by the payment of money
(and such money is so paid by the indemnifying party pursuant to the terms of such settlement) or which settlement does not include
as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability
in respect to such claim or litigation.

 

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

 

4.1.5 If the indemnification
provided under Section 4.1 hereof from the indemnifying party is unavailable or insufficient to hold harmless
an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the indemnifying
party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as
a result of such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative
fault of the indemnifying party and the indemnified party, as well as any other relevant equitable considerations. The relative
fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action
in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material
fact, was made by, or relates to information supplied by, such indemnifying party or indemnified party, and the indemnifying party’s
and indemnified party’s relative intent, knowledge, access to information and opportunity to correct or prevent such action; 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.

 

    	 	-24-	 

     

    

 

ARTICLE
V

MISCELLANEOUS

 

5.1 Notices.
Any notice or communication under this Agreement must be in writing and given by (a) deposit in the United States mail, addressed
to the party to be notified, postage prepaid and registered or certified with return receipt requested, (b) delivery in person
or by courier service providing evidence of delivery, or (c) transmission by hand delivery or electronic mail (provided that
if by electronic mail, a copy is delivered for next day delivery by a nationally recognized overnight courier service). 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 or electronic mail, 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 to the Company under this Agreement must be addressed to the Company at NRC Group Holdings Corp. (f/k/a
Hennessy Capital Acquisition Corp. III), 3500 Sunrise Highway, Suite 200, Building 200, Great River, New York 11739, Attention:
Chief Financial Officer (Email: JPeterson@nrcc.com). Any notice or communication to any Holder under this Agreement must
be addressed to such Holder’s address as found 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 30 days after delivery of such notice as provided in this Section 5.1.

 

5.2 Assignment;
No Third Party Beneficiaries.

 

5.2.1 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.

 

5.2.2 Prior to the expiration
of the applicable Lock-up Period, 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, as set forth in the definition thereof, such person has agreed to become bound by the transfer restrictions applicable
to the transferring Holder set forth in the Investor Agreements, the Lock-Up Agreement, the Founder Shares Purchase Agreement and,
if applicable, any other applicable letter agreements to which such transferring Holder is a party or otherwise bound thereby).

 

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

 

    	 	-25-	 

     

    

 

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

 

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

 

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

 

5.4 Governing Law.
NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY AGREE THAT THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF DELAWARE AS APPLIED TO AGREEMENTS AMONG DELAWARE RESIDENTS
ENTERED INTO AND TO BE PERFORMED ENTIRELY WITHIN DELAWARE, WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS OF SUCH JURISDICTION.

 

5.5 Amendments and
Modifications. Upon the written consent at the time in question of the Company and the Holders of at least a majority in interest of
the Registrable Securities, 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 one Holder, solely in its capacity
as a holder of the shares of capital stock of the Company, in a manner that is materially different from the other Holders (in
such capacity) shall require the consent of the Holder so affected. 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.

 

5.6 Other Registration
Rights. The Company represents and warrants that no person, other than a Holder of Registrable Securities and other than the
holders of warrants issued to public investors pursuant to that certain Warrant Agreement, dated June 22, 2017, between the Company
and Continental Stock Transfer & Trust Company, as warrant agent, 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
and restates the Original Registration Rights Agreement or agreement with similar terms and conditions and in the event of a conflict
between any such agreement or agreements and this Agreement, the terms of this Agreement shall prevail. Except as required by a
pre-existing registration rights agreement referenced in this Section 5.6, neither the Company nor any stockholder
of the Company (other than the Holders) may include securities in any Registration made pursuant to Section 2.1 of
this Agreement.

 

5.7 Term. This
Agreement shall terminate upon 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) the Holders of all Registrable Securities are permitted to sell the Registrable Securities under Rule 144
(or any similar provision) under the Securities Act without limitation on the amount of securities sold or the manner of sale.
The provisions of Section 3.5, Article IV and Article V shall survive any termination.

 

[SIGNATURE PAGES FOLLOW]

 

    	 	-26-	 

     

    

 

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

 

	 	COMPANY:
	 	 
	 	HENNESSY CAPITAL ACQUISITION CORP. III
	 	 	 	 
	 	By:	/s/ Daniel J. Hennessy 
	 	 	Name:	Daniel J. Hennessy
	 	 	Title:	Chairman of the Board and Chief Executive Officer

 

Signature Page to Amended and Restated
Registration Rights Agreement

 

     

     

    

 

	 	SPONSOR:
	 	 
	 	HENNESSY CAPITAL PARTNERS III LLC
	 	 
	 	By: 	Hennessy Capital III LLC, its managing member
	 	 	 
	 	By:	/s/ Daniel J. Hennessy
	 	 	Name:	Daniel J. Hennessy
	 	 	Title:	Managing Member
	 	 	 	 
	 	OTHER PRE-IPO HOLDERS:
	 	 
	 	THE BRADLEY J. BELL REVOCABLE TRUST 
	 	 	 	 
	 	By:	/s/ Bradley Bell
	 	 	Name:	Bradley Bell
	 	 	Title:	Trustee
	 	 	 	 
	 	/s/ Richard Burns
	 	Richard Burns
	 	 
	 	/s/ Daniel R. DiMicco
	 	Daniel R. DiMicco
	 	 
	 	/s/ James O’Neil III
	 	James O’Neil III
	 	 
	 	/s/ Nicholas Petruska
	 	Nicholas Petruska
	 	 
	 	/s/ Kevin Charlton
	 	Kevin Charlton
	 	 	 	 
	 	BALLYBUNION, LLC
	 	 	 	 
	 	By:	/s/ Peter Shea
	 	 	Name:	Peter Shea
	 	 	Title:	Manager

 

Signature Page to Amended and Restated
Registration Rights Agreement

 

     

     

    

 

 

	 	JFL-NRC-SES PARTNERS, LLC
	 	 	 	 
	 	By:	/s/ C. Alexander Harman
	 	 	Name:	C. Alexander Harman
	 	 	Title:	President and Assistant Secretary
	 	 	 	 
	 	JFL-NRCG HOLDINGS III, LLC
	 	 	 	 
	 	By:	/s/ David L. Rattner
	 	 	Name:	David L. Rattner
	 	 	Title:	Secretary
	 	 	 	 
	 	JFL-NRCG HOLDINGS IV, LLC 
	 	 	 	 
	 	By:	/s/ David L. Rattner
	 	 	Name:	David L. Rattner
	 	 	Title:	Secretary

 

Signature Page to Amended and Restated
Registration Rights Agreement

 

     

     

    

 

	 	NOMURA SECURITIES INTERNATIONAL, INC.
	 	 	 	 
	 	By:	/s/ Mark Connelly
	 	 	Name:	A Mark Connelly
	 	 	Title:	Managing Director

 

Signature Page to Amended and Restated
Registration Rights Agreement

 

     

     

    

 

	 	SBTS, LLC
	 	 	 
	 	By:	Cyrus Capital Partners, L.P.,
	 	 	its Investment Manager
	 	 	 
	 	By:	/s/ Jennifer M. Pulick
	 	 	Name:	Jennifer M. Pulick
	 	 	Title:	Authorized Signatory

 

Signature Page to Amended and Restated
Registration Rights Agreement (Cyrus)

 

     

     

    

 

	 	LINDEN CAPITAL L.P.
	 	 	 	 
	 	By:	/s/ Saul S. Ahn
	 	 	Name:	 Saul S. Ahn
	 	 	Title:	 Authorized Signatory

 

Signature Page to Amended and Restated
Registration Rights Agreement (Linden)

 

     

     

    

 

	 	TOUCHSTONE FUNDS GROUP TRUST – TOUCHSTONE ARBITRAGE FUND
	 	 	 	 
	 	By:	/s/ Terrie Wiedenheft
	 	 	Name:	Terrie Wiedenheft
	 	 	Title:	Controller and Treasurer
	 	 	 	 
	 	TOUCHSTONE MERGER ARBITRAGE FUND
	 	 	 	 
	 	By:	/s/ Terrie Wiedenheft
	 	 	Name:	Terrie Wiedenheft
	 	 	Title:	Controller and Treasurer

 

Signature Page to Amended and Restated
Registration Rights Agreement (Longfellow)

 

     

     

    

 

	 	BEMAP MASTER FUND LTD
	 	 	 	 
	 	By:	/s/ John Adiletto
	 	 	Name:	 John Adiletto
	 	 	Title:	 Operations Manager
	 	 	 	 
	 	MONASHEE CAPITAL MASTER FUND LP
	 	 	 	 
	 	By:	/s/ John Adiletto
	 	 	Name:	 John Adiletto
	 	 	Title:	 Operations Manager
	 	 	 	 
	 	MONASHEE PURE ALPHA CAPITAL MASTER

 FUND LP
	 	 	 	 
	 	By:	/s/ John Adiletto
	 	 	Name:	 John Adiletto
	 	 	Title:	 Operations Manager
	 	 	 	 
	 	KISKI (CAYMAN) MASTER FUND LTD.
	 	 	 	 
	 	By:	/s/ John Adiletto
	 	 	Name:	 John Adiletto
	 	 	Title:	 Operations Manager

 

Signature Page to Amended and Restated
Registration Rights Agreement (Monashee)

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