Document:

ex_319193.htm

EXHIBIT 10.2

 

Sky Harbour LLC

136 Tower Road, Hangar M, Suite 205

Westchester County Airport

West Harrison, NY 10604

 

 

December 22, 2021

 

Yellowstone Acquisition Company

1601 Dodge Street, Suite 3300

Omaha, Nebraska 68102

 

Ladies and Gentlemen:

 

Reference is made to (i) that certain Equity Purchase Agreement (the “Transaction Agreement”), dated as of August 1, 2021, by and between Sky Harbour LLC (the “Company”), and Yellowstone Acquisition Company (“Yellowstone”), and (ii) that certain Subscription Agreement, dated as of the date hereof, by and between BOC YAC Funding LLC (the “Subscriber”) and Yellowstone (the “Subscription Agreement”). Capitalized terms used herein and not otherwise defined will have the meanings ascribed to them in the Transaction Agreement.

 

The parties hereto desire to set forth the terms of their mutual understanding relating to certain matters relating to the Transaction Agreement.

 

In consideration of the mutual covenants and agreements contained in this letter agreement, the parties hereto acknowledge and agree as follows:

 

	 	
			1.

				
			Back-Stop. The amounts required to be paid to Yellowstone by Subscriber pursuant to the Subscription Agreement shall be in lieu of and replace in its entirety Yellowstone’s obligation to deliver satisfactory evidence of the receipt of the Back-Stop Amount. For the avoidance of doubt, (i) amounts actually funded by the Subscriber pursuant to the Subscription Agreement (the “Subscription Payment”) shall be counted as part of the aggregate gross purchase price actually received by Yellowstone as part of the PIPE Financing Amount under the Transaction Agreement and (ii) the full amount of the Subscription Payment shall be funded in accordance with the terms and conditions of the Subscription Agreement, irrespective of the amounts that otherwise may have been required to make up the deficit between the Available Buyer Funding and the Minimum Available Buyer Funding Amount required pursuant to Section 6.3(e) of the Transaction Agreement.

			

 

 

	 	
			2.

				
			Minimum Available Buyer Funding Amount. The Company acknowledges and agrees that it is hereby irrevocably waiving in its entirety (subject only to Yellowstone’s receipt of $45,000,000 in accordance with the Subscription Agreement) the condition to the Company’s obligation to consummate the Closing and the transactions contemplated by the Additional Agreements, set forth in Section 6(e) of the Transaction Agreement, including the requirement for the Available Buyer Funding to be no less than the Minimum Available Buyer Funding Amount.

			

 

	 	
			3.

				
			Listing Obligation. The listing of Yellowstone on the New York Stock Exchange (the “NYSE”) shall be sufficient to satisfy the condition to Closing set forth in Section 6.1(d) of the Transaction Agreement; provided, that Yellowstone shall not have received any written notice from the NYSE that it has failed, or would reasonably be expected to fail to meet the NYSE listing requirements as of the Closing Date for any reason, where such notice has not been subsequently withdrawn by the NYSE or the underlying failure appropriately remedied or satisfied.

			

 

 

	 	
			4.

				
			Financing Controls. The Company agrees to engage Alvarez & Marsal, PricewaterhouseCoopers, Deloitte or such other PCAOB registered accounting firm of national standing as shall be reasonably acceptable to the parties, to recommend and oversee the implementation of internal financial controls and procedures consistent with those of similarly situated public companies.

			

 

	 	
			5.

				
			This letter agreement may be executed in multiple counterparts (any one of which need not contain the signatures of more than one party), each of which will be deemed to be an original but all of which taken together will constitute one and the same agreement. Captions in this letter agreement are for convenience only. This letter agreement, to the extent signed and delivered by means of a facsimile machine or other electronic transmission, will be treated in all manner and respects as an original agreement and will be considered to have the same binding legal effects as if it were the original signed version thereof delivered in person. This letter agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the principles of conflict of laws that would require or permit the application of the laws of any other jurisdiction.

			

 

[Remainder of Page Intentionally Left Blank]Sincerely,

 

SKY HARBOUR LLC

 

 

By: /s/ Tal Keinan

Name: Tal Keinan

Title: Chief Executive Officer

 

 

Agreed and Acknowledged as of the Date first above written:

 

 

YELLOWSTONE ACQUISITION COMPANY

 

By: Alex B. Rozek

Name: Alex B. Rozek

Title: Co-Chief Executive Officer

 

 

BOC YAC FUNDING LLC

 

By: /s/ Alex B. Rozek

Name: Alex B. Rozek

Title: PresidentExhibit 4.6

 

RIGHTS AGREEMENT

 

This Rights Agreement (this
“Agreement”) is made as of _____________ __, 2021 between Verity Acquisition Corporation, a Cayman Islands exempted company,
with offices at Office E, 7/F, 45 Pottinger Street, Central, Hong Kong (the “Company”), and Continental Stock Transfer &
Trust Company, a New York corporation, with offices at 1 State Street, 30th Floor, New York, New York 10004 (the “Rights Agent”).

 

WHEREAS, the Company has received
a firm commitment from Maxim Group LLC (“Maxim”) to purchase up to an aggregate of 17,500,000 units, each unit (“Unit”)
comprised of one ordinary share of the Company, $.0001 par value (the “Ordinary Shares”), one-half of one redeemable warrant
with each whole warrant entitling the holder thereof to purchase one Ordinary Share, and one right to receive one-tenth of one Ordinary
Share (a “Public Right”) upon the happening of the triggering event described herein, and in connection therewith, will issue
and deliver up to an aggregate of 20,125,000 Public Rights upon consummation
of such public offering, 2,625,000 of which are attributable to the over-allotment option (“Public Offering”);

 

WHEREAS, simultaneously with
the consummation of the Public Offering, the Company will issue and deliver up to an aggregate of 585,000 rights underlying private units
(the “Private Rights” and, together with the Public Rights, the “Rights”);

 

WHEREAS, the Company has filed
with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-1, File No. 333-259989
(“Registration Statement”), for the registration, under the Securities Act of 1933, as amended (“Act”) of, among
other securities, the Public Rights and the Ordinary Shares issuable to the holders of the Public Rights;

 

WHEREAS, the Company desires
the Rights Agent to act on behalf of the Company, and the Rights Agent is willing to so act, in connection with the issuance, registration,
transfer and exchange of the Rights;

 

WHEREAS, the Company desires
to provide for the form and provisions of the Rights, the terms upon which they shall be issued, and the respective rights, limitation
of rights, and immunities of the Company, the Rights Agent, and the holders of the Rights; and

 

WHEREAS, all acts and things
have been done and performed which are necessary to make the Rights, when executed on behalf of the Company and countersigned by or on
behalf of the Rights Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution
and delivery of this Agreement.

 

    

     

    

 

NOW, THEREFORE, in consideration
of the mutual agreements herein contained, the parties hereto agree as follows:

 

1. Appointment of
Rights Agent. The Company hereby appoints the Rights Agent to act as agent for the Company for the Rights, and the Rights Agent hereby
accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.

 

2.
Rights.

 

2.1 Form
of Right. Each Right shall be issued in registered or book entry form, as requested by the Company or the holder of a Right. Any Rights
issued in registered form shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein
and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Chief Financial Officer and shall bear a facsimile
of the Company’s seal, if any. In the event the person whose facsimile signature has been placed upon any Right shall have ceased
to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if
he or she had not ceased to be such at the date of issuance.

 

2.2 Effect
of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a registered Right shall be invalid
and of no effect and may not be exchanged for Ordinary Shares.

 

2.3 Registration.

 

2.3.1 Right
Register. The Rights Agent shall maintain books (“Right Register”) for the registration of original issuance and the registration
of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names
of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by
the Company.

 

2.3.2 Registered
Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the
person in whose name such Right shall be registered upon the Right Register (“registered holder”) as the absolute owner of
such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate
made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither
the Company nor the Rights Agent shall be affected by any notice to the contrary.

 

2.4 Detachability
of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fifty-second (52nd)
day after the date hereof unless Maxim informs the Company and the Rights Agent of its decision to allow earlier separate trading, but
in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K
which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the
proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date
hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall
begin.

 

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3. Terms
and Exchange of Rights.

 

3.1 Rights.
Each Right shall entitle the holder thereof to receive one-tenth of one Ordinary Share upon the happening of the Exchange Event (described
below). No additional consideration shall be paid by a holder of Rights in order to receive his, her or its Ordinary Shares upon the Exchange
Event as the purchase price for such Ordinary Shares has been included in the purchase price for the Units. In no event will the Company
be required to net cash settle the Rights or issue fractional Ordinary Shares. The provisions of this Section 3.1 may not be modified,
amended or deleted without the prior written consent of Maxim.

 

3.2 Exchange
Event. The Exchange Event shall be the Company’s consummation of an initial Business Combination (as defined in the Company’s
Amended and Restated Memorandum and Articles of Association).

 

3.3 Exchange
of Rights.

 

3.3.1 Issuance
of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights
to return their Rights Certificates to the Rights Agent. If the Company is not the surviving entity in a Business Combination, the holder
of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Rights Agent shall issue to the
registered holder of such Right(s) a certificate or certificates for the number of full Ordinary Shares to which he, she or it is entitled,
registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision contained in this
Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall not issue fractional
shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Rights Agent to round up to the nearest
whole Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Cayman Islands law.

 

3.3.2 Valid
Issuance. All Ordinary Shares issued upon an Exchange Event in conformity with this Agreement shall be validly issued, fully paid
and nonassessable.

 

3.3.3 Date
of Issuance. Each person in whose name any such certificate for Ordinary Shares is issued shall for all purposes be deemed to have
become the holder of record of such shares on the date of the Exchange Event, irrespective of the date of delivery of such certificate.

 

3.3.4 Company
Not Surviving Following Exchange Event. If the Exchange Event results in the Company not continuing as a publicly held reporting entity,
the definitive agreement will provide for the holders of Rights to receive the same per share consideration as the holders of the Ordinary
Shares will receive in with the Exchange Event, for the number of shares such holder is entitled to pursuant to Section 3.1 above.

 

3.4 Duration
of Rights. If an Exchange Event does not occur within the time period set forth in the Company’s Amended and Restated Memorandum
and Articles of Association, as the same may be amended from time to time, the Rights shall expire and shall be worthless.

 

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4. Transfer
and Exchange of Rights.

 

4.1 Registration
of Transfer. The Rights Agent shall register the transfer, from time to time, of any outstanding Right upon the Right Register, upon
surrender of such Right for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions
for transfer. Upon any such transfer, a new Right representing an equal aggregate number of Rights shall be issued and the old Right shall
be cancelled by the Rights Agent.

 

4.2 Procedure
for Surrender of Rights. Rights may be surrendered to the Rights Agent, together with a written request for exchange or transfer,
and thereupon the Rights Agent shall issue in exchange therefor one or more new Rights as requested by the registered holder of the Rights
so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that a Right surrendered for transfer
bears a restrictive legend, the Rights Agent shall not cancel such Right and issue new Rights in exchange therefor until the Rights Agent
has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new Rights must also
bear a restrictive legend.

 

4.3 Fractional
Rights. The Rights Agent shall not be required to effect any registration of transfer or exchange which will result in the issuance
of a Right Certificate for a fraction of a Right.

 

4.4 Service
Charges. There shall be a reasonable service charge paid to the Rights Agent for any exchange or registration of transfer of Rights.

 

4.5 Right
Execution and Countersignature. The Rights Agent is hereby authorized to countersign and to deliver, in accordance with the terms
of this Agreement, the Rights required to be issued pursuant to the provisions of this Section 4, and the Company, whenever required by
the Rights Agent, will supply the Rights Agent with Rights duly executed on behalf of the Company for such purpose.

 

5. Other
Provisions Relating to Rights of Holders of Rights.

 

5.1 No
Rights as Shareholder. Until exchange of a Right for Ordinary Shares as provided for herein, a Right does not entitle the registered
holder thereof to any of the rights of a shareholder of the Company, including, without limitation, the right to receive dividends, or
other distributions, exercise any preemptive rights to vote or to consent or to receive notice as shareholders in respect of the meetings
of shareholders or the election of directors of the Company or any other matter.

 

5.2 Lost,
Stolen, Mutilated, or Destroyed Rights. If any Right is lost, stolen, mutilated, or destroyed, the Company and the Rights Agent may
on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Right, include
the surrender thereof), issue a new Right of like denomination, tenor, and date as the Right so lost, stolen, mutilated, or destroyed.
Any such new Right shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated,
or destroyed Right shall be at any time enforceable by anyone.

 

    4

     

    

 

5.3 Reservation
of Ordinary Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued Ordinary Shares
that will be sufficient to permit the exchange of all outstanding Rights issued pursuant to this Agreement.

 

6. Concerning
the Rights Agent and Other Matters.

 

6.1 Payment
of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Rights
Agent in respect of the issuance or delivery of Ordinary Shares upon the exchange of Rights, but the Company shall not be obligated to
pay any transfer taxes in respect of the Rights or such shares.

 

6.2 Resignation,
Consolidation, or Merger of Rights Agent.

 

6.2.1 Appointment
of Successor Rights Agent. The Rights Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from
all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office of the
Rights Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor Rights
Agent in place of the Rights Agent. If the Company shall fail to make such appointment within a period of 30 days after it has been notified
in writing of such resignation or incapacity by the Rights Agent or by the holder of the Right (who shall, with such notice, submit his,
her or its Right for inspection by the Company), then the holder of any Right may apply to the Supreme Court of the State of New York
for the County of New York for the appointment of a successor Rights Agent at the Company’s cost. Any successor Rights Agent, whether
appointed by the Company or by such court, shall be a corporation organized and existing under the laws of the State of New York, in good
standing and having its principal office in the Borough of Manhattan, City and State of New York, and authorized under such laws to exercise
corporate trust powers and subject to supervision or examination by federal or state authority. After appointment, any successor Rights
Agent shall be vested with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Rights Agent with
like effect as if originally named as Rights Agent hereunder, without any further act or deed; but if for any reason it becomes necessary
or appropriate, the predecessor Rights Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such
successor Rights Agent all the authority, powers, and rights of such predecessor Rights Agent hereunder; and upon request of any successor
Rights Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually
vesting in and confirming to such successor Rights Agent all such authority, powers, rights, immunities, duties, and obligations.

 

6.2.2 Notice
of Successor Rights Agent. In the event a successor Rights Agent shall be appointed, the Company shall give notice thereof to the
predecessor Rights Agent and the transfer agent for the Ordinary Shares not later than the effective date of any such appointment.

 

6.2.3 Merger
or Consolidation of Rights Agent. Any corporation into which the Rights Agent may be merged or with which it may be consolidated or
any corporation resulting from any merger or consolidation to which the Rights Agent shall be a party shall be the successor Rights Agent
under this Agreement without any further act.

 

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6.3 Fees
and Expenses of Rights Agent.

 

6.3.1 Remuneration.
The Company agrees to pay the Rights Agent reasonable remuneration for its services as such Rights Agent hereunder and will reimburse
the Rights Agent upon demand for all expenditures that the Rights Agent may reasonably incur in the execution of its duties hereunder.

 

6.3.2 Further
Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and
delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Rights Agent for the carrying
out or performing of the provisions of this Agreement.

 

6.4 Liability
of Rights Agent.

 

6.4.1 Reliance
on Company Statement. Whenever in the performance of its duties under this Agreement, the Rights Agent shall deem it necessary or
desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact
or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established
by a statement signed by the Chief Executive Officer or Chief Financial Officer and delivered to the Rights Agent. The Rights Agent may
rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this Agreement.

 

6.4.2 Indemnity.
The Rights Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. The Company agrees to indemnify
the Rights Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable counsel fees, for anything
done or omitted by the Rights Agent in the execution of this Agreement except as a result of the Rights Agent’s gross negligence,
willful misconduct, or bad faith.

 

6.4.3 Exclusions.
The Rights Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution
of any Right (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition
contained in this Agreement or in any Right; nor shall it by any act hereunder be deemed to make any representation or warranty as to
the authorization or reservation of any Ordinary Shares to be issued pursuant to this Agreement or any Right or as to whether any Ordinary
Shares will, when issued, be valid and fully paid and nonassessable.

 

6.5 Acceptance
of Agency. The Rights Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the terms
and conditions herein set forth.

 

6.6 Waiver.
The Rights Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”) in,
or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date hereof,
by and between the Company and the Rights Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement, payment
or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

    6

     

    

 

7. Miscellaneous
Provisions.

 

7.1 Successors.
All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights Agent shall bind and inure to the
benefit of their respective successors and assigns.

 

7.2 Notices.
Any notice, statement or demand authorized by this Agreement to be given or made by the Rights Agent or by the holder of any Right to
or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private
courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by
the Company with the Rights Agent), as follows:

 

Verity Acquisition Corporation

Office E, 7/F, 45 Pottinger Street

Central, Hong Kong

Attn: Bing Lin

 

Any notice, statement or demand authorized
by this Agreement to be given or made by the holder of any Right or by the Company to or on the Rights Agent shall be sufficiently given
when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five days after deposit
of such notice, postage prepaid, addressed (until another address is filed in writing by the Rights Agent with the Company), as follows:

 

Continental Stock Transfer
& Trust Company

1 State Street, 30th Floor

New York, NY 10004

Attn: Michael Goedecke

 

and

 

Loeb & Loeb LLP

35 Park Avenue

New York, New York 10154

Attn: Giovanni Caruso, Esq.

 

and

 

Maxim Group LLC

405 Lexington Avenue

New York, New York 10174

Attn: Alex Jin

 

and

 

Hunter Taubman Fischer &
Li LLC

800 Third Avenue, Suite 2800

New York, NY 10022

Attn: Guillaume de Sampigny,
Esq.

 

    7

     

    

 

7.3 Applicable
Law. The validity, interpretation, and performance of this Agreement and of the Rights shall be governed in all respects by the laws
of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in
any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for
the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby
waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or summons
to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested,
postage prepaid, addressed to it at the address set forth in Section 7.2 hereof. Such mailing shall be deemed personal service and shall
be legal and binding upon the Company in any action, proceeding or claim.

 

7.4 Persons
Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the provisions
hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and the
registered holders of the Rights and, for the purposes of Sections 3.1, 7.4 and 7.8 hereof, Maxim, any right, remedy, or claim under or
by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. Maxim shall be deemed to be a third-party
beneficiary of this Agreement with respect to Sections 3.1, 7.4 and 7.8 hereof. All covenants, conditions, stipulations, promises, and
agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto (and Maxim with respect to Sections
3.1, 7.4 and 7.8 hereof) and their successors and assigns and of the registered holders of the Rights.

 

7.5 Examination
of this Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Rights Agent in the County
of New York, State of New York, for inspection by the registered holder of any Right. The Rights Agent may require any such holder to
submit his, her or its Right for inspection by it.

 

7.6 Counterparts.
This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

7.7 Effect
of Headings. The Section headings herein are for convenience only and are not part of this Agreement and shall not affect the interpretation
thereof.

 

7.8 Amendments.
This Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose of curing any ambiguity,
or of curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect
to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not
adversely affect the interest of the registered holders in any material respect. All other modifications or amendments shall require the
written consent or vote of the registered holders of a majority of the then outstanding Rights. The provisions of this Section 7.8 may
not be modified, amended or deleted without the prior written consent of Maxim.

 

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

 

[Signature Page Follows]

 

    8

     

    

 

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

 

	 	VERITY ACQUISITION CORPORATION
	 	 
	 	By:	 
	 	 	Name: Bing Lin
	 	 	Title: Chief Executive Officer
	 	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
	 	 	 
	 	By:	/s/
	 	 	Name: 
	 	 	Title: 

 

[Signature Page to Rights Agreement
between Model Performance Acquisition Corp. and Continental Stock Transfer & Trust Company]

 

    9

     

    

 

EXHIBIT A

Form of Right

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