Document:

Exhibit 10.9 

  
    	
             

          	
            
              The Redbank

              Finance Facility

            

          	
             

          
	
             

          	
             

          	
             

          
	
             

          	
            BETWEEN

          	
             

          
	
             

          	
             

          	
             

          
	
             

          	
            Hunter Energy Pty Limited

          	
             

          
	
             

          	
             

          	
             

          
	
             

          	
            AND

          	
             

          
	
             

          	
             

          	
             

          
	
             

          	
            
              Richard Liam Butler

            

          	
             

          
	
             

          	
             

          	
             

          
	
             

          	
            
              DoorkeeperLegal

              Level 7, 92 Pitt Street

              SYDNEY NSW 2000

            

          	
             

          

  

  

  

  
    
      

  

  Table of Contents

  

  

  	
          1.

        	
          Definitions and interpretation

        	
          1

        
	
          1.1

        	
          Definitions

        	
          1

        
	
          1.2

        	
          Interpretation

        	
          5

        
	
          2.

        	
          HE Loan Agreement – The Redbank Facility

        	
          6

        
	
          2.1

        	
          Amendments to HE Loan Agreement

        	
          6

        
	
          3.

        	
          Asset Acquisition Finance

        	
          6

        
	
          3.1

        	
          Additional Financial Assistance

        	
          6

        
	
          3.2

        	
          Redbank Finance Facility

        	
          6

        
	
          3.3

        	
          Repayment of the Aggregate Amount

        	
          7

        
	
          3.4

        	
          Payments from Fund Raising Activities

        	
          7

        
	
          3.5

        	
          Interest

        	
          8

        
	
          3.6

        	
          Release

        	
          8

        
	
          3.7

        	
          General Terms and Waiver

        	
          8

        
	
          3.8

        	
          Binding obligations

        	
          8

        
	
          4.

        	
          Conditions Precedent

        	
          9

        
	
          4.1

        	
          Conditions Precedent

        	
          9

        
	
          5.

        	
          Warranties

        	
          9

        
	
          5.1

        	
          HE Warranties

        	
          9

        
	
          5.2

        	
          Mutual Acknowledgements

        	
          10

        
	
          5.5

        	
          Confirmation

        	
          11

        
	
          5.6

        	
          Confirmation of the Relevant Document

        	
          11

        
	
          6.

        	
          Effect of Warranties

        	
          11

        
	
          6.1

        	
          Giving of Warranties

        	
          11

        
	
          7.

        	
          Public announcements

        	
          11

        
	
          7.1

        	
          Making announcements

        	
          11

        
	
          7.2

        	
          Requirements

        	
          11

        
	
          8.

        	
          Confidentiality

        	
          12

        
	
          8.1

        	
          Obligation of confidentiality

        	
          12

        
	
          8.2

        	
          Disclosure to Recipient

        	
          12

        
	
          8.3

        	
          Obligations

        	
          12

        
	
          9.

        	
          Default

        	
          13

        
	
          9.1

        	
          Default

        	
          13

        
	
          9.2 .

        	
          Enforcement

        	
          13

        
	
          10.

        	
          General

        	
          13

        
	
          10.1

        	
          Nature of obligations

        	
          13

        
	
          10.2

        	
          Entire understanding

        	
          13

        
	
          10.3

        	
          No adverse construction

        	
          13

        
	
          10.4

        	
          Further assurances

        	
          14

        
	
          10.5

        	
          No waiver

        	
          14

        

  

  

  
    
      

  

  	
          10.6

        	
          Severability

        	
          14

        
	
          10.7

        	
          Successors and assigns

        	
          14

        
	
          10.8

        	
          No assignment

        	
          14

        
	
          10.9

        	
          Consents and approvals

        	
          14

        
	
          10.10

        	
          No variation

        	
          14

        
	
          10.11

        	
          Costs

        	
          14

        
	
          10.12

        	
          Governing law and jurisdiction

        	
          15

        
	
          10.13

        	
          Notices

        	
          15

        
	
          10.14

        	
          Counterparts

        	
          15

        
	
          10.15

        	
          Conflicting provisions

        	
          15

        
	
          10.16

        	
          No merger

        	
          16

        
	10.17	
          Operation of indemnities

        	16
	
          10.18

        	
          No right of set-off

        	
          16

        
	
          10.19

        	
          Relationship of parties

        	
          16

        

  

  

  Execution

   

  

  
    
      

  

  
  The Redbank Finance Facility

  

  

  Date  18 December 2020

  

  

  Parties

  

  

  
    
      	
              1.

            	
              Hunter Energy Pty Limited ACN 624 824 791 of Level 33, 52 Martin
                  Place Sydney NSW 2000 Australia (HE)

            

    

  

  

  

  
    
      	
              2.

            	
              Richard Liam Butler of 31 Henry Street, Queens Park NSW 2022 (RLB)

            

    

  

  

  

  Agreed terms

   

    

  Recitals

   

    

  	

        	A.	
          HE acquired the Redbank Power Station (Redbank) in September 2018 and has an existing finance facility with RLB (the HE Loan Agreement defined below).

        

  

  

  	

        	B.	
          HE is now seeking to complete the acquisition of Redbank pursuant to the Asset Sale Agreement (defined below)

        

  

  

  	

        	C.	
          RLB has existing loan arrangements with Biogreen and REL.

        

  

  

  	

        	D.	
          RLB has agreed to provide additional finance to HE to complete the acquisition and add the additional amount owing to the existing facility on the amended terms as set out below.

        

  

  

  
    
      	
              1.

            	
              Definitions and interpretation

            

    

  

  

  

  
    
      
        
          	
                  1.1

                	
                  Definitions

                

        

      

    

  

  

  

   In this deed:

  

  

   Aggregate Amount means the aggregate of all amounts being all amounts payable by HE to RLB under this deed including without limitation the Redbank Facility Amount and the Relevant Amount and all accrued and unpaid interest on
      such amounts.

  

  

   Authorisation includes:

  

  

  
    
      
        
          	 	
                  a)

                	
                  a consent, registration, filing, agreement, notice of non objection, notarisation, certificate, licence, approval, permit, authority or exemption from, by or with a government agency; and

                

        

      

    

  

  

  

  
    
      
        
          	 	
                  b)

                	
                  in relation to anything which a government agency may prohibit or restrict within a specific period, the expiry of that period without intervention or action.

                

        

      

    

  

  

  

  Asset Sale Agreement means the agreement dated 7 September 2018 between Biogreen and HE (together with the Deed of Variation of Asset Sale Agreement between Biogreen and HE dated 28 November 2018).

  

  

   ASX means the Australian
      Securities Exchange.

  

  

   Biogreen means Biogreen Energy
      Pty Limited ACN 608 060 984.

  

  

  
    1

    
      

  

           Biogreen Debt means the total debt owing by
      Biogreen to RLB which was $1,665,512.89 as at 11 December 2020.

  

  

           Biogreen Documents means:

  

  

  	

        	(a)	
          the document entitled “Loan agreement” dated 20 March 2017 between Biogreen and RLB,

        

  

  

  	

        	(b)	
          the document entitled “Debt Assumption Deed” dated 7 September 2018 between Biogreen, HE and RLB;

        

  

  

  	

        	(c)	
          the document entitled “General Security Interest” dated 20 March 2017 between Biogreen and RLB, and

        

  

  

  	

        	(d)	
          any Related Security.

        

  

  

  BR Debt means the indebtedness of Biogreen to REL.

  

  

  Business Day means a day that is not a Saturday, Sunday,
      public holiday or bank holiday in Sydney.

  

  

  Confidential Information has the meaning given in clause
      8.1.

   

    

   Corporations Act means the Corporations Act 2001 (Cth).  

  

  

  Disclosing Party means the party disclosing the
      Confidential Information or the party to whom the Confidential Information belongs or relates.

  

  

  EBITDA means earnings before interest, taxation,
      depreciation and amortisation according to generally accepted accounting practices in Australia.

   

    

   Effective Date means the date the conditions in clause 4
      are satisfied or waived in accordance with the clause 4.1.  

  

  

  Finance Debt means any debt or other monetary liability in
      respect of moneys borrowed or raised or any financial accommodation including under or in respect of:

  

  

  	

        	(a)	
          any bill, bond, debenture, note, loan stock or similar instrument (including under a purchase facility for any of them);

        

  

  

  	

        	(b)	
          any acceptance, endorsement or discounting arrangement;

        

  

  

  	

        	(c)	
          the amount of any liability in respect of any Lease or hire purchase agreement which would, in accordance with accounting standards, be treated as a finance lease;

        

  

  

  	

        	(d)	
          any agreement for the deferral of a purchase price or other payment (for more than 90 days) in relation to the acquisition or disposal of any asset or service or other transaction in each case having the commercial effect of a borrowing or
            of the incurrence of financial accommodation;

        

  

  

  	

        	(e)	
          any indemnity, undertaking to pay or counter-indemnity in respect of any guarantee, bond, standby or documentary letter of credit or other instrument of similar effect issued by a bank or financial institution;

        

  

  

  
    2

    
      

  

  
    	 	
            (f)

          	
            any redeemable shares where the holder has the right, or the right in certain   circumstances, to require redemption;

          

  

  

  

  	

        	(g)	
          any guarantee for any items specified above in this definition;

        

  

  

            and irrespective of whether the debt or liability:

  

  

  	

        	(h)	
          is present or future;

        

  

  

  	

        	(i)	
          is actual, prospective, contingent or otherwise;

        

  

  

  	

        	(j)	
          is at any time ascertained or unascertained;

        

  

  

  	

        	(k)	
          is owed or incurred alone or severally or jointly or both with any other person;

        

  

  

  	

        	(l)	
          comprises any combination of the above,

        

  

  

    but excluding indebtedness to trade creditors or the deferred purchase price for goods and services on usual trade terms.

  

  

    HE Loan Agreement means the
      instrument entitled “Loan Agreement” dated 7 September 2018 between HE and RLB.

  

  

    HE GSD means the instrument entitled
      “General Security Deed” dated 7 September 2018 between HE and RLB.

  

  

    HE RP Mortgage means the instrument
      entitled “Mortgage” dated 7 September 2018 between HE and RLB (and annexures).

  

  

    Insolvency Event means the happening
      of any of these events:

  

  

  	

        	(a)	
          an application (other than a frivolous or vexatious application or an application which is stayed within 15 Business Days) is made to a court or an order is made that the relevant body corporate be wound up other than for the purposes of a
            solvent reconstruction or amalgamation;

        

  

  

  	

        	(b)	
          an application is made to a court or an order appointing a liquidator or provisional liquidator or an examiner or provisional examiner in respect of the relevant body corporate, or one of them is appointed, whether or not under an order;

        

  

  

  	

        	(c)	
          a receiver, receiver and manager, liquidator, examiner, trustee or similar officer is appointed in respect of any part of the property of the relevant body corporate and such appointment is not remedied within 15 Business Days;

        

  

  

  	

        	(d)	
          an administrator or examiner is appointed to the relevant body corporate or any steps are taken for the appointment of such officer to the relevant body corporate;

        

  

  

  	

        	(e)	
          the relevant body corporate commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of or a composition with its
            creditors;

        

  

  

  	

        	(f)	
          the relevant body corporate is or states that it is unable to pay its debts as and when they fall due or is deemed unable to pay its debts under any applicable legislation (other than as a result of the failure to pay a debt or claim which
            is the subject of a good faith dispute); or

        

  

  

  
    3

    
      

  

  	

        	(g)	
          anything analogous or having a substantially similar effect to any of the events specified above happens under the laws of any applicable jurisdiction.

        

  

  

    IPO means initial public offering.

  

  

    PPS Act means the Personal Property
      Securities Act 2009 (Cth).

  

  

    PPS Security Interest means a
      security interest as defined in the PPS Act.

  

  

    Receiving Party means the party
      receiving or obtaining the Confidential Information belonging or relating to the Disclosing Party;

  

  

    Recipient means any Related Entity,
      employee, agent, contractor, officer, professional adviser, banker, auditor or other consultant of the Receiving Party;

  

  

    Redbank Facility means the HE Loan
      Agreement as amended by the terms of this deed;

  

    Redbank Facility Amount means the total amount owing including interest at any time by  HE  to  RLB  pursuant  to  the  Redbank  Facility  (being  as  at  11  December   2020 $2,222,615.83). 

  

    REL means Redbank Energy Limited
      ACN 116 665 608;

  

  

    REL Debt means the total amounts
      owing by REL to RLB which was a minimum of $1,857,151.13 as at 25 November 2020 

  

  

    REL Documents means:

  

  

  	

        	(a)	
          the REL Facility Agreement,

        

  

  

  	

        	(b)	
          the REL GSD, and

        

  

  

  	

        	(c)	
          any Related Security.

        

  

  

    REL Facility Agreement means the
      document entitled “Facility Agreement” dated December 2019 between REL and RLB.

  

  

    REL GSD means document entitled
      “General Security Deed” dated 28 January 2020 between REL and RLB.

  

  

  Relevant Amount has the meaning ascribed to it in clause
      3.2(d). Relevant Debt Event means the incurring of any Finance Debt by HE. Relevant Event means any of the following:

   

    

  	

        	(a)	
          the initial public offering of shares in HE,

        

  

  

  	

        	(b)	
          the issuing of shares or notes or the raising of financial accommodation by HE (or an entity controlled by HE) which raises in excess of $7,000,000,

        

  

  

  	

        	(c)	
          the sale, or transfer of the assets of HE or a substantial part of the assets of HE (without the consent of RLB or

        

  
    

    

    
      4

      
        

    

  

  	

        	(d)	
          the acquisition of a relevant interest (as defined in section 608 of the Corporations Act) of more than 30% of the shares in HE by a person after the date of this deed, being a relevant interest not held by that person as at the date of this
            deed (without the consent of RLB)

        

  

  

     Related Entity has the meaning given in the Corporations
      Act;

  

  

  Related Security means in respect of
      the REL Debt (as defined in clause 2.2(a)) and the Biogreen Debt (as defined in clause 2.2(a)) any Security Interest, guarantee or indemnity which secures or otherwise provides for the payment of the REL Debt or Biogreen Debt.

  

  

     Relevant Documents means the HE GSD and HE RP Mortgage.

  

  

     Relevant REL Debt A means that part of the REL Debt in
      the amount of $1,100,000 (but excluding any rights or entitlements referable to any security)

  

  

  Relevant REL Debt B means that part of the REL Debt other
      than the Relevant REL Debt A (and including any rights or entitlements referable to the REL GSD or Related Security)

  

  

      Security Interest means:

  

  

  
    
      	 	
              (a)

            	
              any third party rights or interests including a mortgage, bill of sale, charge, lien, pledge, trust, encumbrance, power or title retention arrangement, right of set-off, assignment of income, garnishee order or monetary claim and flawed
                deposit arrangements or any arrangement having a similar effect; and

            

    

  

  

  

  
    
      	 	
              (b)

            	
              a PPS Security Interest,

            

    

  

  

  

    and includes any agreement to create any of them or allow them to exist.

   

  

  
    
      	
              1.2

            	
              Interpretation

            

    

  

  

  

    In this deed, unless the context requires otherwise:

  

  

  
    
      	 	
              (a)

            	
              the singular includes the plural and vice versa;

            

    

  

  

  

  
    
      	 	
              (b)

            	
              a gender includes the other genders;

            

    

  

  

  

  
    
      	 	
              (c)

            	
              the headings are used for convenience only and do not affect the interpretation of this deed;

            

    

  

  

  

  
    
      	 	
              (d)

            	
              other grammatical forms of defined words or expressions have corresponding meanings; and

            

    

  

  

  

  
    
      	 	
              (e)

            	
              a reference to a document includes the document as modified from time to time and any document replacing it.

            

    

  

  

  

  
    5

    
      

  

  
    
      	
              2.

            	
              HE Loan Agreement – The Redbank Facility

            

    

  

  

  
    
      
        	
                2.1

              	
                Amendments to HE Loan Agreement

              

      

    

  

   

  

   The Parties agree to amend the existing HE Loan Agreement to be renamed the “Redbank Finance Facility” by replacing the existing terms with the terms as set out herein and agree
    as follows.

  

  

  
    
      	
              3.

            	
              Asset Acquisition Finance

            

    

  

  
    

    

  

  
    
      
        	
                3.1

              	
                Additional Financial Assistance

              

      

    

  

   

  

   RLB agrees to provide additional financial assistance to HE to complete the acquisition of Redbank on the terms set out herein.

  

  

  
    
      	
              3.2

            	
              Redbank Finance Facility

            

    

  

  

  

  The Parties agree as follows:

  

  

  	

        	(a)	
          RLB advanced a loan to HE pursuant to the HE Loan Agreement at the time of acquiring the Redbank asset. In consideration of that loan HE undertakes to pay:

        

  

  

  	

        	(i)	
          RLB’s legal costs and expenses associated with the HE Loan Agreement and the negotiation of this deed including those costs up to 11 December 2020 that have been capitalised and included in the Redbank Facility Amount plus RLB’s further
            legal costs of $75,000 that shall be added to the Redbank Facility Amount; and

        

  

  

  	

        	(ii)	
          RLB the Redbank Facility Amount in the amounts stated in column 2 of the schedule on the dates stated in column 1 of the Schedule B to this deed (Schedule B) as varied by clauses 3.3(a) and 3.4.

        

  

  

  	

        	(b)	
          RLB agrees to assign his rights to the Biogreen Debt to HE on the Effective Date on the terms set out herein.

        

  

  

  	

        	(c)	
          RLB agrees to assign his rights to the Relevant REL Debt A to HE on the Effective Date on the terms set out herein. HE acknowledges and agrees that as at the date of this deed and on the Effective Date REL continues to be obligated to RLB
            for the Relevant REL Debt B.

        

  

  

  	

        	(d)	
          In consideration of the agreement to assign in clauses 3.2(b) and (c) HE acknowledges and agrees to pay to RLB the amount of $2,765,512.89 as at 11 December  2020  plus  interest  from  11  December  2020  on  the  amount     of
            $1,665,512.89 (which amount together with interest under clauses 3.5 shall be the “Relevant Amount”) which Relevant Amount shall be paid by HE to RLB in the amounts stated in column 3 of the schedule on the dates stated in column 1 of Schedule
            B provided however if the Redbank Facility Amount has been repaid then HE shall from the date of such repayment pay by way of repayment of the Relevant Amount the amounts stated in columns 2 and 3 of Schedule B on the dates stated in column 1
            of Schedule B.

        

  

  

  	

        	(e)	
          HE shall pay to RLB $400,000 on the date of this deed

        

  

  
    6

    
      

  

  	

        	(f)	
          Following completion of the above assignments and payment under clause 3.2(e), the Redbank Facility Amount as at the Effective Date shall be the amount set out in Item 1 of Schedule A to this deed.

        

  

  

  	

        	(g)	
          Following completion of the above assignments and payment under clause 3.2(e)), the total amount owed by HE to RLB shall be the Aggregate Amount (being the amount stated at item 2 of schedule A).

        

  

  

  	

        	(h)	
          The Aggregate Amount owing by HE to RLB shall be fully secured by the HE GSD and HE RP Mortgage.

        

  

  

  	

        	(i)	
          HE acknowledges and agrees that RLB will not be required to discharge or release the HE GSD and HE RP Mortgage until HE has paid the Aggregate Amount.

        

  

  

  
    
      	
              3.3

            	
              Repayment of the Aggregate Amount

            

    

  

  

  

  	

        	(a)	
          HE shall make the following payments to RLB in repayment of the Aggregate Amount:

        

  

  

  	

        	(i)	
          The amounts set out in clause 3.2 above on the dates specified in Schedule B; and

        

  

  

  	

        	(ii)	
          Where a Relevant Event occurs the following payments in addition to the payments in column 2 and 3 of Schedule B;

        

  

  

  	

        	a.	
          Within 2 business days of the date on which the Relevant Event occurs, a minimum of $2,000,000 plus 10% of any funds raised over $10m from the proceeds of the Relevant Event which shall be treated as a prepayment of the next due payments to
            the extent of $500,000 payable on 20 April 2021, $500,000 payable on 2 September 2021 and $500,000 due on 2 April 2022 and a reduction in the Aggregate Amount; and

        

  

  

  	

        	b.	
          thereafter the remaining amount owing to RLB on the dates as set out in the Schedule, and

        

  

  

  	

        	c.	
          Up until the successful completion of the listing of HE on the ASX, HE shall continue to meet payments as set out in Schedule B.

        

  

  

  	

        	(b)	
          Upon completion of the payments set out in (a) above HE shall pay to RLB any such further amounts (if any) as necessary to repay the Aggregate Amount in full within 7 days of the final payment.

        

  

  

  
    	
            3.4

          	
            Payments from Fund Raising Activities

          

  

   

  

    In addition to the payments set out in Clause 3.3 at all
      times (other than where a Relevant Event occurs and excluding a pre IPO raising within 3 months of the date of this deed) HE shall pay to RLB a minimum of 20% of all funding raised and received by HE (including without limitation by the issue of
      shares,   warrants,  options, simple agreements for future equity, notes, debentures or borrowings) which shall be treated as a prepayment of the next due payments to the extent of $500,000 payable on 20 April 2021, $500,000 payable on 2 September 2021 and $500,000 on 2 April 2022 until the Aggregate Amount is repaid in full.

   

    

  
    7

    
      

  

  
    
      	
              3.5

            	
              Interest

            

    

  

  

  

  	

        	(a)	
          HE shall pay RLB interest on the Aggregate Amount from the date of this deed at the rate of 12% per annum compounding on the first day of each calendar month.

        

  

  

  	

        	(b)	
          If any payment is not made within 14 days of the due date, default interest will accrue on that payment at 15% pa compounding daily from the due date until the date on which that payment is made

        

  

  

  	

        	(c)	
          All interest shall be added to the total quantum owing under the Redbank Facility and shall be paid at the time of making the final payment of the Redbank Facility.

        

  

  

  
    
      	
              3.6

            	
              Release

            

    

  

  

  

   RLB shall provide discharges of the HE GSD and HE RP Mortgage contemporaneously with settlement of the final payment amount owing under this deed.

  

  

  
    
      	
              3.7

            	
              General Terms and Waiver

            

    

  

  

  

  	

        	(a)	
          Each of the repayments by HE will be allocated to accrued interest and then to outstanding principal

        

  

  

  	

        	(b)	
          HE can repay the Aggregate Amount early.

        

  

  

  	

        	(c)	
          HE and RLB waive any pre-existing claims that they may have against the other in relation to or in connection with the HE Loan Agreement, HE GSD and HE RP Mortgage. HE and RLB agree that this deed can be pleaded by the other as a bar against
            any proceedings based on or arising out of any alleged pre-existing claims.

        

  

  

  	

        	(d)	
          HE undertakes to obtain the prior written consent of RLB to the description and content of this deed before that description or content is provided to any third party (including without limitation in any prospectus, information memorandum,
            email, letter or other communication) which consent shall not be unreasonably withheld.

        

  

  

  	

        	(e)	
          HE undertakes:

        

  

  

  	

        	(i)	
          not to incur any Finance Debt (or allow any subsidiary or entity controlled by HE) without the prior written consent of RLB, and

        

  

  

  	

        	(ii)	
          should any Finance Debt be incurred by HE (or any subsidiary or entity controlled by HE) in breach of 3.7 (e) (i) then the Aggregate Amount shall become immediately payable by HE to RLB.

        

  

  

  	

        	(f)	
          HE undertakes to immediately notify RLB of any Relevant Event or event specified in clause 3.4.

        

  

  

  	

        	3.8	
          Binding obligations

        

  

  

   Each party agrees that this deed will be binding on the parties.

  

  

  
    8

    
      

  

  
    
      	
              4.

            	
              Conditions Precedent

            

    

  

  

  

  
    
      	
              4.1 

              

            	
              Conditions Precedent

            

    

  

  

  

   This deed is subject to the following conditions precedent. The Effective Date shall occur upon the following conditions precedent being satisfied within
    21 Business Days of the date of this deed (in form and substance satisfactory to RLB) or being waived or extended by mutual agreement:

  

  

  	

        	(i)	
          HE has paid to RLB the amount specified in clause 3.2(e) on the date of this deed,

        

  

  

  	

        	(ii)	
          REL has agreed to assign and assigns on the Effective Date the BR Debt to HE on terms acceptable to HE; and

        

  

  

  	

        	(iii)	
          HE has reached agreement with Biogreen to acquire the rights under the Asset Sale Agreement and has successfully completed the acquisition of those rights.

        

  

  

   If such conditions have not been satisfied in form and substance satisfactory to RLB or have not been waived or extended by mutual agreement within 21 Business Days of the
    date of this deed, then this deed shall upon notice from RLB to HE or by mutual agreement be terminated and be of no force or effect and any payment made by HE shall be applied to reduce HE’s liability under the HE Loan Agreement.

  

  

  
    
      	
              5.

            	
              Warranties

            

    

  

  

  

  
    
      	
              5.1

            	
              HE Warranties

            

    

  

  

  

    HE represents and warrants that:

  

  

  	

        	(a)	
          corporate existence: it is a body corporate validly existing under
              the laws of its place of incorporation;

        

  

  

  	

        	(b)	
          power and capacity: it has the power and capacity to enter into and
              perform its obligations under this deed, the HE GSD and HE RP Mortgage and to own its assets and to carry on its business as it is now being conducted;

        

  

  

  	

        	(c)	
          authority: it and its directors have taken all necessary action to
              authorise the signing, delivery and performance of this agreement and the documents required under this deed, the HE GSD and HE RP Mortgage in accordance with their respective terms;

        

  

  

  	

        	(d)	
          validity of obligations: this deed, the HE GSD and HE RP Mortgage
              constitute valid and binding obligations upon it enforceable in accordance with its terms;

        

  

  

  	

        	(e)	
          no breach: the signing and delivery of this deed and the performance
              by it of its obligations under it complies with:

        

  

  

  	

        	(i)	
          each applicable law and Authorisation;

        

  

  

  	

        	(ii)	
          its constitution;

        

  

  

  	

        	(iii)	
          a Security Interest or document binding on it; and

        

  

    
      9

      
        

    

  

  	

        	(f)	
          no Insolvency Event: no Insolvency Event has occurred in relation to
              it;

        

  

  

  	

        	(g)	
          nature of investment: it understands and acknowledges that RLB is
              making no representation or warranty with respect to or in connection with the REL Debt or the Biogreen Debt (including with respect to their terms, any Related Security, the amount of the debt or the validity or enforceability of the debt or
              the ability to assign the debt including the need for any consent or approval from any person) and that the acquisition by HE of the REL Debt and Biogreen Debt involves risks (including economic, credit and legal risks) which it acknowledges;
              and

        

  

  

  	

        	(h)	
          access to data: it believes that it has received all the information
              it considers necessary or appropriate for deciding whether to acquire the REL Debt and the Biogreen Debt (and any Related Security) and it also acknowledges that it is relying solely on its own counsel and not on any statements or
              representations of RLB or his agents with respect to the REL Debt and the Biogreen Debt for legal advice with respect to this deed.

        

  

  

  
    
      	
              5.2

            	
              Mutual Acknowledgements

            

    

  

  

  

  HE and RLB acknowledge and agree:

  

  

  	

        	(a)	
          that the HE GSD is amended from the date of this deed by:

        

  

  

  	

        	(i)	
          inserting at the end of the definition of “Secured Money” in the HE GSD the words “and the Redbank Finance Facility Agreement”, and

        

  

  

  	

        	(ii)	
          inserting a definition in clause 1.1 of “Redbank Finance Facility Agreement means the deed so entitled between the Grantor and the Secured Party”,

        

  

  

  	

        	(b)	
          That the HE RP Mortgage is amended from the date of this deed by:

        

  

  

  	

        	(i)	
          inserting at the end of the definition of “Secured Money” in the HE RP Mortgage the words “and the Redbank Finance Facility Agreement HE Restructure Deed”, and

        

  

  

  	

        	(ii)	
          inserting a definition in clause 1.1 of “Redbank Finance Facility Agreement Deed means the deed so entitled between the Mortgagor and the Mortgagee”,

        

  

  

  	

        	(c)	
          that the Relevant Documents continue in full force and effect;

        

  

  

  	

        	(d)	
          that the Relevant Documents and this deed supersedes all previous agreements, understandings, negotiations or deeds in respect of its subject matter and embodies the entire agreement between the parties, and

        

  

  

  	

        	   (e)	
          to do all acts, matters and things as may be required to effect the terms of this deed including assisting HE to acquire the rights under the Asset Sale Agreement and obtain creditor consent to the acquisition of the Asset Sale Agreement.

        

  

  

  	

        	5.3	
          HE represents, warrants and acknowledges to RLB that:

        

  

  

  	

        	(a)	
          each Relevant Document remains valid, binding and enforceable and continues to secure the Secured Money (as defined in the HE GSD and HE RP Mortgage),

        

  

  

  
    10

    
      

  

  	

        	(b)	
          nothing in this deed affects the validity or enforceability of a Relevant Document, and

        

  

  

  	

        	(c)	
          nothing in this deed prejudices or adversely affects any right, power, authority, discretion or remedy which arose under or in connection with the Relevant Document before or after the date of this deed.

        

  

  

  
    
      	
              5.4

            	
              Confirmation

            

    

  

  

  

   On and with effect from the date of this deed, each party is bound by each Relevant Document as amended and restated by this deed.

  

  

  
    
      	
              5.5

            	
              Confirmation of the Relevant Document

            

    

  

  

  

   HE confirms, acknowledges, undertakes, covenants and agrees to RLB on the date of this deed in the terms set out in the HE GSD and HE RP Mortgage.

  

  

  
    
      	
              6.

            	
              Effect of Warranties

            

    

  

  

  

  
    
      	 	
              6.1

            	
              Giving of Warranties

            

    

  

  

  

  	

        	(a)	
          HE represents and warrants to RLB that each of the representations and warranties in clause 5 are true and accurate in all material respects:

        

  

  

  	

        	(i)	
          as at the date of this deed; and

        

  

  

  	

        	(ii)	
          on each date a payment is required to be made by HE under this deed.

        

  

  

  	

        	(b)	
          HE acknowledges that RLB has entered into this deed in reliance on the representations and warranties in clause 5 of this deed.

        

  

  

  
    
      	
              7.

            	
              Public announcements

            

    

  

  
    

    

  

  
    
      	
              7.1

            	
              Making announcements

            

    

  

   

  

   A party to this deed must not make, or authorise or cause to be made, any public announcement relating to the negotiations between the parties or the subject matter of this deed
    unless:

  

  

  	

        	(a)	
          it has the prior written consent of each other party to this deed; or

        

  

  

  	

        	(b)	
          it is required to do so by law or by the rules of any financial market (as defined in the Corporations Act) to which a party, or a Related Entity of a party, is subject.

        

  

  

  
    
      	
              7.2

            	
              Requirements

            

    

  

  

  

   If a party is required to make a public announcement under clause 7.1(b), it must before doing so, to the extent practicable and as soon as reasonably possible:

  

  

  	

        	(a)	
          notify each other party of the proposed announcement;

        

  

  

  	

        	(b)	
          consult with each other party as to its content; and

        

  

  

  	

        	(c)	
          use reasonable endeavours to comply with any reasonable request by any other party concerning the proposed announcement.

        

  

  

    
    
      
        11

        
          

      

      
        
          	
                  8.

                	
                  Confidentiality

                

        

         

        

      

      
        
          	
                  8.1

                	
                  Obligation of confidentiality

                

        

      

      

      

      All information exchanged between the parties under or in connection with this deed (including the terms of this deed) or during the negotiations preceding this deed is
        confidential to them ("Confidential Information") and may not be disclosed to any person except: 

      

      
        
          	 	
                  (a)

                	
                  with the consent of the Disclosing Party;

                

        

      

      

      

      
        
          	 	
                  (b)

                	
                  if required by any court order, law, or the applicable rules of any financial market (as defined in the Corporations Act);

                

        

      

      

      

      
        
          
            
              	 	
                      (c)

                    	
                      if strictly and necessarily required in connection with legal proceedings related to this deed; or

                    

            

          

        

      

      

      

      
        
          	 	
                  (d)

                	
                  if the information is generally and publicly available other than as a result of a breach of confidence by the person receiving the information.

                

        

      

      

      

      
        
          	
                  8.2

                	
                  Disclosure to Recipient

                

        

         

        

        A Receiving Party may disclose Confidential Information to a Recipient only if the disclosure is made to the Recipient strictly on a "need to know basis" and, prior to the disclosure: 

      

      

      

      
        
          	 	
                  (a)

                	
                  the Receiving Party notifies the Recipient of the confidential nature of the Confidential Information to be disclosed; and

                

        

      

      

      

      
        
          	 	
                  (b)

                	
                  the Recipient has given an undertaking to the Receiving Party, for the benefit of the Disclosing Party, to be bound by the obligations in this deed as if the Recipient were a Receiving Party in relation to the Confidential
                    Information to be disclosed.

                

        

      

      

      

      
        
          	
                  8.3

                	
                  Obligations

                

        

      

      

      

       The Receiving Party must take all reasonable steps to ensure that any person to whom the Receiving Party is permitted to disclose Confidential
        Information under clause 8.1 complies at all times with the terms of this deed as if that person were a Receiving Party.

       

      

      
        12

        
          

      

      
        
          	
                  9.

                	
                  Default

                

        

      

      

      

      
        
          	
                  9.1

                	
                  Default

                

        

      

      

      

                The following events are each individually a Default:

      

      

      
        
          
            	 	
                    (a)

                  	
                    HE fails to make a payment on the date that it is due for payment under this deed;

                  

          

        

      

      

      

      
        
          
            
              	 	
                      (b)

                    	
                      HE breaches any other term of this deed; or

                    

            

          

        

      

      

      

      
        
          
            	 	
                    (d)

                  	
                    HE breaches any material term of the Relevant Documents (for the avoidance of doubt this may be a breach of the HE GSD or of the HE RP Mortgage).

                  

          

        

      

      

      

      
        
          	
                  9.2

                	
                  Enforcement

                

        

      

      

      

      On the occurrence of a Default, RLB may issue a written notice of default to Hunter Energy requesting rectification of the Default within 21 days of receipt of such notice 

      

      
        
          
            
              
                
                  
                    
                      
                        	 	
                                (A)

                              	
                                If the Default is not remedied (where it is capable of remedy) or otherwise reasonably rectified (where it is not capable of remedy) within the 21 days allowed by the notice, then, the whole of the Aggregate Amount and
                                  accrued interest will be immediately due and payable by HE to RLB; and

                              

                      

                    

                  

                

              

            

          

        

      

      
                             

        
          
            
              	 	
                      (B)

                    	
                      RLB may enforce the HE GSD and HE RP Mortgage in respect of the Aggregate Amount.

                    

            

          

        

      

      

      

      
        
          	
                  10.

                	
                  General

                

        

         

        

      

      
        
          	
                  10.1

                	
                  Nature of obligations

                

        

      

      

      

      
        
          	 	
                  (a)

                	
                  Any provision in this deed which binds more than 1 person binds all of those persons jointly and each of them severally.

                

        

      

      

      

      
        
          	 	
                  (b)

                	
                  Each obligation imposed on a party by this deed in favour of another is a separate obligation.

                

        

      

      

      

      
        
          	
                  10.2

                	
                  Entire understanding

                

        

      

      

      

      
        
          	 	
                  (a)

                	
                  This deed contains the entire understanding between the parties concerning the subject matter of the deed and supersedes, terminates and replaces all prior deeds and communications between the parties.

                

        

      

      

      

      
        
          	 	
                  (b)

                	
                  Each party acknowledges that, except as expressly stated in this deed, that party has not relied on any representation, warranty or undertaking of any kind made by or on behalf of the other party in relation to the subject matter of
                    this deed.

                

        

      

      

      

      
        
          	
                  10.3

                	
                  No adverse construction

                

        

      

      

      

                This deed is not to be construed to the disadvantage of a party because that party was responsible for its preparation.

       

      

      
        13

        
          

      

      
        
          	
                  10.4

                	
                  Further assurances

                

        

      

      

      

      A party, at its own expense and within a reasonable time of being requested by another party to do so, must do all things and execute all documents that are reasonably
        necessary to give full effect to this deed. 

      

      

      
        
          	
                  10.5

                	
                  No waiver

                

        

      

      

      

      
        
          	 	
                  (a)

                	
                  A failure, delay, relaxation or indulgence by a party in exercising any power or right conferred on the party by this deed does not operate as a waiver of the power or right.

                

        

      

      

      

      
        
          	 	
                  (b)

                	
                  A single or partial exercise of the power or right does not preclude a further exercise of it or the exercise of any other power or right under this deed.

                

        

      

      

      

      
        
          	 	
                  (c)

                	
                  A waiver of a breach does not operate as a waiver of any other breach.

                

        

      

      

      

      
        
          	
                  10.6

                	
                  Severability

                

        

      

      

      

                Any provision of this deed which is invalid in any jurisdiction must, in relation to that jurisdiction:

      

      

      
        
          	 	
                  (a)

                	
                  be read down to the minimum extent necessary to achieve its validity, if applicable; and

                

        

      

      

      

      
        
          	 	
                  (b)

                	
                  be severed from this deed in any other case,

                

        

      

      

      

                 without invalidating or affecting the remaining provisions of this deed or the validity of that provision in any other jurisdiction.

      

      

      
        
          
            
              	
                      10.7

                    	
                      Successors and assigns

                    

            

          

        

      

      

      

                This deed binds and benefits the parties and their respective successors and permitted assigns.

      

      

      
        
          	
                  10.8

                	
                  No assignment

                

        

      

      

      

                A party cannot assign or otherwise transfer the benefit of this deed without the prior written consent of each other party.

      

      

      
        
          	
                  10.9

                	
                  Consents and approvals

                

        

      

      

      

                Where anything depends on the consent or approval of a party then, unless this deed provides otherwise, that consent or approval may be given conditionally or
        unconditionally or withheld, in the absolute discretion of that party.

      

      

      
        
          
            
              	
                      10.10

                    	
                      No variation

                    

            

          

        

      

      

      

                This deed cannot be amended or varied except in writing signed by the parties.

      

      

      
        
          	
                  10.11

                	
                  Costs

                

        

      

      

      

                Each party must pay its own legal costs of and incidental to the preparation and completion of this deed.

       

      

      
        14

        
          

      

      
        
          	
                  10.12

                	
                  Governing law and jurisdiction

                

        

      

      

      

      
        
          	 	
                  (a)

                	
                  This deed is governed by and must be construed in accordance with the laws in force in New South Wales.

                

        

      

      

      

      
        
          	 	
                  (b)

                	
                  The parties submit to the exclusive jurisdiction of the courts of that State and the Commonwealth of Australia in respect of all matters arising out of or relating to this deed, its performance or subject matter.

                

        

      

      

      

      
        
          	
                  10.13

                	
                  Notices

                

        

      

      

      

                Any notice or other communication to or by a party under this deed:

      

      

      
        
          	 	
                  (a)

                	
                  may be given by personal service, post or electronic mail (email);

                

        

      

      

      

      
        
          	 	
                  (b)

                	
                  must be in writing, legible and in English addressed (depending on the manner in which it is given) to the address last notified by the party to the sender by notice given in accordance with this clause;

                

        

      

      

      

      
        
          	 	
                  (c)

                	
                  in the case of a corporation, must be signed by an officer or authorised representative of the sender or in accordance with section 127 of the Corporations Act; and

                

        

      

      

      

      
        
          	 	
                  (d)

                	
                  is deemed to be given by the sender and received by the addressee:

                

        

      

      

      

      
        
          	 	
                  (i)

                	
                  if delivered in person, when delivered to the addressee;

                

        

      

      

      

      
        
          	 	
                  (ii)

                	
                  if posted, 2 Business Days (or 6, if addressed outside Australia) after the date of posting to the addressee whether delivered or not; or

                

        

         

        

      

      
        
          	 	
                  (iii)

                	
                  if sent by facsimile transmission, on the date and time shown on the transmission report by the machine from which the facsimile was sent which indicates that the facsimile was sent in its entirety and in legible form to the
                    facsimile number of the addressee notified for the purposes of this clause,

                

        

      

      

      

      but if the delivery or receipt is on a day which is not a Business Day or is after 4.00 pm (addressee's time), it is deemed to have been received at 9.00 am on the next
        Business Day.

      

      

      
        
          	
                  10.14

                	
                  Counterparts

                

        

      

      

      

       If this deed consists of a number of signed counterparts, each is an original and all of the counterparts together constitute the same document.

      

      

      
        
          	
                  10.15

                	
                  Conflicting provisions

                

        

      

      

      

       If there is any conflict between the main body of this deed and any schedules or annexures comprising it, then the provisions of the main body of this deed prevail.

       

      

      
        15

        
          

      

      
        
          	
                  10.16

                	
                  No merger

                

        

      

      

      

       A term or condition of, or act done in connection with, this deed does not operate as a merger of any of the rights or remedies of the parties under
        this deed and those rights and remedies continue unchanged.

      

      

      
        
          	
                  10.17

                	
                  Operation of indemnities

                

        

      

      

      

                Unless this deed expressly provides otherwise:

      

      

      
        
          	 	
                  (a)

                	
                  each indemnity in this deed survives the expiry or termination of this deed; and

                

        

      

      

      

      
        
          	 	
                  (b)

                	
                  a party may recover a payment under an indemnity in this deed before it makes the payment in respect of which the indemnity is given.

                

        

      

      

      

      
        
          	
                  10.18

                	
                  No right of set-off

                

        

      

      

      

                Unless this deed expressly provides otherwise, a party has no right of set-off against a payment due to another party.

      

      

      
        
          	
                  10.19

                	
                  Relationship of parties

                

        

      

      

      

      Unless this deed expressly provides otherwise, nothing in this deed may be construed as creating a relationship of partnership, of principal and agent or
        of trustee and beneficiary. The parties are specifically not associates of each other and take individual decisions in relation to the matters outlined in this deed.

       

      

      
        16

        
          

      

      
      Schedule A

      

      

      Item 1 Following the $400,000 payment by HE to RLB on the date of this deed the Redbank Facility Amount owed by HE to RLB on the
        date of this deed is $1, 897,615.83 and the Redbank Facility Amount owing at the Effective Date shall be (following the payment of $400,000 by HE to RLB on the date of this deed) $1,897,615.83 plus interest from 11 December 2020 to the Effective
        Date accruing in accordance with this deed.

      

      

      Item 2 Following the $400,000 payment by HE to RLB on the date of this deed the Aggregate Amount owed by HE to RLB on the date of
        this deed is $4,663,128.72 and the Aggregate Amount owing on the Effective Date shall be (following the payment of $400,000 by HE to RLB on the date of this deed) $4,663,128.72 plus interest from 11 December 2020 to the Effective Date accruing in
        accordance with this deed.

       

      

      Schedule B

      

      

      
        	
                Date

              	 	
                Repayment of Redbank Facility Amount

              	 	 	
                Payment of Relevant Amount

              	 
	
                Date of  this deed

              	 	
                $

              	
                400,000

              	 	 	 	

              	 
	
                2 January 2021

              	 	
                $

              	
                30,000

              	 	 	 	 	 
	
                2 February 2021

              	 	
                $

              	
                30,000

              	 	 	 	 	 
	
                2 March 2021

              	 	
                $

              	
                30,000

              	 	 	 	 	 
	
                20 April 2021

              	 	
                $

              	
                530,000

              	 	 	 	 	 
	
                2 May 2021

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 June 2021

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 July 2021

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 August 2021

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 September 2021

              	 	
                $

              	
                550,000

              	 	 	 	 	 
	
                2 October 2021

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 November 2021

              	 	
                $

              	
                50,000

              	 	 	 	 	 

      

      

      

      
        Page 1

        
          

      

      
        	
                2 December 2021

              	 	
                $

              	
                50,000

              	 	 	 	

              	 
	
                2 January 2022

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 February 2022

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 March 2022

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 April 2022

              	 	
                $

              	
                550,000

              	 	 	 	 	 
	
                2 May 2022

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 June 2022

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                2 July 2022

              	 	
                $

              	
                50,000

              	 	 	 	 	 
	
                31 July 2022

              	 	
                Redbank Facility Amount

              	 	 	
                Balance of Aggregate Amount

              	 

      

      

      

      
        Page 2

        
          

      

      Execution 

      

      

      	
              Executed as deed on      18 December 2020.

            	 
	 	 
	
              Signed Sealed and Delivered by Hunter Energy

              Pty Ltd in accordance with section 127(1) of the

               Corporations Act:

            	 

      

      

      	
              Signature of Director

            	
              Signature of Director

            
	
               /s/ James Myatt

            	
              /s/ Warren Kember

            

      

      

       Signed Sealed and Delivered by Richard Liam

       Butler in the presence of:

      

      

      	
              /s/ [illegible]

            	 	
              /s/ Richard Liam Butler

            
	
              Signature of Witness

            	 	
              Signature of Richard Liam Butler

            

      

      

      Page 3Exhibit 10.10

    

    

    REGISTRATION RIGHTS AGREEMENT

    

    

    THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of [●], 2021, by and among Verdant Earth Technologies Limited, a company incorporated under the laws of Australia (the “Company”), Richard
      Poole (“Investor”) and Arthur Phillip Nominees Pty Limited (the “Nominee” and, together with Investor, the “Equityholders”).

    

    

    RECITALS

    

    

    A.          The parties desire to enter into this Agreement in order to provide the Equityholders with certain registration rights that will apply to any Ordinary Shares of the Company that are directly or indirectly
      owned by the Equityholders.

    

    

    B.          In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as
      follows:

    

    

    AGREEMENT

    

    

    In consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, the parties agree as follows:

    

    

    ARTICLE I

    DEFINITIONS

    

    

    Section 1.1          Certain Definitions.  As used in this Agreement, capitalized terms not otherwise defined herein shall have the meanings ascribed to them below:

    

    

    “Business Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law to be closed in The City of New York.

    

    

    “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

    

    

    “FINRA” means the Financial Industry Regulatory Authority, Inc.

    

    

    “Holder” or “Holders” means any Equityholder and any Person who shall acquire and hold Registrable Securities in accordance with the terms of this Agreement.

    

    

    “Issuer Free Writing Prospectus” means an issuer free writing prospectus, as defined in Rule 433 under the Securities Act, relating to an offer of Registrable Securities.

    

    
      
        

    

    
    

    

    “Majority Participating Holders” means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders
      pursuant to Section 2.1 or Section 2.2.

    

    

    “Ordinary Shares” means the ordinary shares, no par value, of the Company, and any equity securities issued or issuable in exchange for or with respect to the Ordinary Shares by way of a share dividend, share
      split or combination of shares or in connection with a reclassification, recapitalization, merger, consolidation or other reorganization or otherwise.

    

    

    “Ordinary Share Equivalent” means all options, warrants and other securities convertible into, or exchangeable or exercisable for (at any time or upon the occurrence of any event or contingency and without regard
      to any vesting or other conditions to which such securities may be subject), Ordinary Shares.

    

    

    “Person” means any individual, corporation, partnership, limited liability company, limited liability partnership, syndicate, person, trust, association, organization or other entity or any governmental or
      regulatory body or other agency or authority or political subdivision thereof, including any successor, by merger or otherwise, of any of the foregoing.

    

    

    “Registrable Securities” means (i) any Ordinary Shares owned directly or indirectly by Investor as of the date hereof, including Ordinary Shares held in the name of the Nominee for the benefit of the Investor, and
      (ii) any Ordinary issued or issuable, directly or indirectly, in exchange for or with respect to the Ordinary Shares referenced in clause (i) above.  Any particular Registrable Securities shall cease to be Registrable Securities when (A) a
      registration statement with respect to the sale of such securities shall have been declared effective under the Securities Act and such securities shall have been disposed of in accordance with such registration statement, (B) such securities shall
      have been sold to the public pursuant to Rule 144 (or any successor provision) under the Securities Act or become eligible to be resold to the public without any volume or manner of sale restrictions pursuant to Rule 144 (or any successor provision)
      under the Securities Act or (C) such securities shall cease to be outstanding.

    

    

    “Registration Expenses” means all fees and expenses incurred in connection with the Company’s performance of or compliance with the provisions of Article II, including:  (i) all registration, listing,
      qualification and filing fees (including FINRA filing fees); (ii) fees and expenses of compliance with state securities or “blue sky” laws (including counsel fees in connection with the preparation of a blue sky and legal investment survey and FINRA
      filings); (iii) printing and copying expenses; (iv) messenger and delivery expenses; (v) expenses incurred in connection with any road show; (vi) fees and disbursements of counsel for the Company; (vii) with respect to each registration, the fees and
      disbursements of one counsel for the selling Holder(s) selected by the Majority Participating Holders, in the case of a registration pursuant to Section 2.1, and selected by the underwriter, in the case of a registration pursuant to Section 2.2;
      (viii) fees and disbursements of independent public accountants, including the expenses of any audit or “cold comfort” letter, and fees and expenses of other persons, including special experts, retained by the Company; (ix) underwriter fees,
      excluding discounts and commissions, and any other expenses which are customarily borne by the issuer or seller of securities in a public equity offering; and (x) all internal expenses of the Company (including all salaries and expenses of officers
      and employees performing legal or accounting duties).

    
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    “SEC” means the Securities and Exchange Commission.

    

    

    “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

    

    

    ARTICLE II

    REGISTRATION RIGHTS

    

    

    Section 2.1          Demand Registrations.

    

    

    (a)          Subject to Section 2.1(c), at any time or from time to time after the 180th day after the first date on which the Company shall have effected a registration under the Securities Act of any Ordinary Shares,
      one or more Holders shall have the right to require the Company to file a registration statement under the Securities Act covering such aggregate number of Registrable Securities which represents 20% or greater of the then outstanding Registrable
      Securities, by delivering a written request therefor to the Company specifying the number of Registrable Securities to be included in such registration by such Holders and the intended method of distribution thereof.  All such requests by any Holder
      pursuant to this Section 2.1(a)(i) are referred to as “Demand Registration Requests,” the registrations so requested are referred to as “Demand Registrations” and the Holders making such demand for registration are referred to as the “Initiating

        Holders.”  As promptly as practicable, but no later than 10 days after receipt of a Demand Registration Request, the Company shall give written notice (a “Demand Exercise Notice”) of such Demand Registration Request to all Holders of
      record of Registrable Securities.

    

    

    (ii)          The Company, subject to Sections 2.3 and 2.6, shall include in a Demand Registration (A) the Registrable Securities of the Initiating Holders and (B) the Registrable Securities of any other Holder of
      Registrable Securities that shall have made a written request to the Company within the time limits specified below for inclusion in such registration (together with the Initiating Holders, the “Participating Holders”).  Any such request from
      the other Holders must be delivered to the Company within 15 days after the receipt of the Demand Exercise Notice and must specify the maximum number of Registrable Securities intended to be disposed of by such other Holders.

    

    

    (ii)          The Company, as expeditiously as possible but subject to Section 2.1(c), shall use its commercially reasonable efforts to effect such registration under the Securities Act of the Registrable Securities
      that the Company has been so requested to register for distribution in accordance with such intended method of distribution.

    

    

    (b)          Registrations under this Section 2.1 shall be on such appropriate registration form of the SEC for the disposition of such Registrable Securities in accordance with the intended method of disposition
      thereof, which form shall be selected by the Company and shall be reasonably acceptable to the Majority Participating Holders.

    

    

    (c)          The Demand Registration rights granted in Section 2.1(a) to the Holders are subject to the following limitations:

    

    

    (i)          the Company shall not be required to cause a registration pursuant to Section 2.1(a) to be filed within 90 days or to be declared effective within a period of 180 days after the effective date of any other
      registration statement of the Company filed pursuant to the Securities Act;

    
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    (ii)          if in the opinion of outside counsel to the Company, any registration of Registrable Securities would require disclosure of information not otherwise then required by law to be publicly disclosed and, in
      the good faith judgment of the board of directors of the Company, such disclosure is reasonably likely to adversely affect any material financing, acquisition, corporate reorganization or merger or other material transaction or event involving the
      Company or otherwise have a material adverse effect on the Company (a “Valid Business Reason”), the Company may postpone or withdraw a filing of a registration statement relating to a Demand Registration Request until such Valid Business
      Reason no longer exists, but in no event shall the Company avail itself of such right for more than 90 days, in the aggregate, in any period of 365 consecutive days (such period of postponement or withdrawal under this clause (ii), the “Postponement

        Period”); and the Company shall give notice of its determination to postpone or withdraw a registration statement and of the fact that the Valid Business Reason for such postponement or withdrawal no longer exists, in each case, promptly after
      the occurrence thereof; and

    

    

    (iii)          the Company shall not be obligated to effect more than four Demand Registrations under Section 2.1(a) for the Holders.

    

    

    If the Company shall give any notice of postponement or withdrawal of any registration statement pursuant to clause (ii) above, the Company shall not register any equity security of the Company during the period of
      postponement or withdrawal.  Each Holder of Registrable Securities agrees that, upon receipt of any notice from the Company that the Company has determined to withdraw any registration statement pursuant to clause (ii) above, such Holder will
      discontinue its disposition of Registrable Securities pursuant to such registration statement.  If the Company shall have withdrawn or prematurely terminated a registration statement filed under Section 2.1(a)(i), the Company shall not be considered
      to have effected an effective registration for the purposes of this Agreement until the Company shall have filed a new registration statement covering the Registrable Securities covered by the withdrawn registration statement and such registration
      statement shall have been declared effective and shall not have been withdrawn.  If the Company shall give any notice of withdrawal or postponement of a registration statement, at such time as the Valid Business Reason that caused such withdrawal or
      postponement no longer exists (but in no event more than 90 days after the date of the postponement or withdrawal), the Company shall use its commercially reasonable efforts to effect the registration under the Securities Act of the Registrable
      Securities covered by the withdrawn or postponed registration statement in accordance with this Section 2.1.

    

    

    (d)          The Company, subject to Sections 2.3 and 2.6, may elect to include in any registration statement and offering made pursuant to Section 2.1(a)(i), (i) authorized but unissued Ordinary Shares or Ordinary
      Shares held by the Company as treasury shares and (ii) any other Ordinary Shares that are requested to be included in such registration pursuant to the exercise of piggyback rights granted by the Company that are not inconsistent with the rights
      granted in, or otherwise conflict with the terms of, this Agreement (“Additional Piggyback Rights”); provided, however, that such inclusion shall be permitted only to the extent that it is pursuant to and subject to the terms
      of the underwriting agreement or arrangements, if any, entered into by the Participating Holders.

    
      4

      
        

    

    

    

    (e)          A Holder may withdraw its Registrable Securities from a Demand Registration at any time.  If all such Holders do so, the Company shall cease all efforts to secure registration and such registration
      nonetheless shall be deemed a Demand Registration for purposes of this Section 2.1 unless (i) the withdrawal is made following withdrawal or postponement of such registration by the Company pursuant to a Valid Business Reason as contemplated by
      Section 2.1(c), (ii) the withdrawal is based on the reasonable determination of the Holders who requested such registration that there has been, since the date of the Demand Registration Request, a material adverse change in the business or prospects
      of the Company or (iii) the Holders who requested such registration shall have paid or reimbursed the Company for all of the reasonable out-of-pocket fees and expenses incurred by the Company in connection with the withdrawn registration.

    

    

    (f)          A Demand Registration shall not be deemed to have been effected and shall not count as such (i) unless a registration statement with respect thereto has become effective and has remained effective for a
      period of at least 180 days or such shorter period during which all Registrable Securities covered by such Registration Statement have been sold or withdrawn, or, if such Registration Statement relates to an underwritten offering, such longer period
      as, in the opinion of counsel for the underwriter(s), is required by law for delivery of a prospectus in connection with the sale of Registrable Securities by an underwriter or dealer, (ii) if, after the registration statement with respect thereto
      has become effective, it becomes subject to any stop order, injunction or other order or requirement of the SEC or other governmental agency or court for any reason, (iii) if it is withdrawn by the Company pursuant to a Valid Business Reason as
      contemplated by Section 2.1(c) or (iv) if the conditions to closing specified in the purchase agreement or underwriting agreement entered into in connection with such Demand Registration are not satisfied, other than solely by reason of some act or
      omission of the Participating Holders.

    

    

    (g)          In connection with any Demand Registration, the Company may designate the lead managing underwriter in connection with such registration and each other managing underwriter for such registration, provided,
      that, in each case, each such underwriter is reasonably satisfactory to the Majority Participating Holders.

    

    

    Section 2.2          Piggyback Registrations.

    

    

    (a)          If, at any time, the Company proposes or is required to register any of its equity securities under the Securities Act (other than pursuant to (i) registrations on such form or similar form(s) solely for
      registration of securities in connection with an employee benefit plan or dividend reinvestment plan or (ii) a Demand Registration under Section 2.1) on a registration statement on Form F‐1 or Form F‐3 or an equivalent general registration form then
      in effect, whether or not for its own account, the Company shall give prompt written notice of its intention to do so to each Holder of record of Registrable Securities.  Upon the written request of any such Holder, made within 5 Business Days
      following the receipt of any such written notice (which request shall specify the maximum number of Registrable Securities intended to be disposed of by such Holder and the intended method of distribution thereof), the Company, subject to Sections
      2.2(b), 2.3 and 2.6, shall use commercially reasonable efforts to cause all such Registrable Securities to be included in the registration statement with the securities that the Company at the time proposes to register to permit the sale or other
      disposition by the Holders in accordance with the intended method of distribution thereof of the Registrable Securities to be so registered.  No registration of Registrable Securities effected under this Section 2.2(a) shall relieve the Company of
      its obligations to effect Demand Registrations under Section 2.1.

    
      5

      
        

    

    

    

    (b)          If, at any time after giving written notice of its intention to register any equity securities and prior to the effective date of the registration statement filed in connection with such registration, the
      Company shall determine for any reason not to register or to delay registration of such equity securities, the Company will give written notice of such determination to each Holder of record of Registrable Securities and (i) in the case of a
      determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such abandoned registration, without prejudice, however, to the rights of Holders under Section 2.1 and (ii) in the case of a
      determination to delay such registration of its equity securities, shall be permitted to delay the registration of such Registrable Securities for the same period as the delay in registering such other equity securities.

    

    

    (c)          Any Holder shall have the right to withdraw its request for inclusion of its Registrable Securities in any registration statement pursuant to this Section 2.2 by giving written notice to the Company of its
      request to withdraw.  Such request must be made in writing prior to the earlier of the execution of the underwriting agreement or the execution of the custody agreement with respect to such registration.  Such withdrawal shall be irrevocable and,
      after making such withdrawal, a Holder shall no longer have any right to include Registrable Securities in the registration as to which such withdrawal was made.

    

    

    Section 2.3          Priority in Registrations.

    

    

    (a)          If any requested registration made pursuant to Section 2.1 involves an underwritten offering and the lead managing underwriter of such offering (the “Manager”) shall advise the Company that, in its
      view, the number of securities requested to be included in such registration by the Holders of Registrable Securities or any other persons, including those Ordinary Shares requested by the Company to be included in such registration, exceeds the
      largest number (the “Section 2.3(a) Sale Number”) that can be sold in an orderly manner in such offering within a price range acceptable to the Majority Participating Holders, the Company shall use commercially reasonable efforts to include in
      such registration:

    

    

    (i)          first, all Registrable Securities requested to be included in such registration by the Holders thereof; provided, however, that, if the number of such Registrable Securities exceeds the
      Section 2.3(a) Sale Number, the number of such Registrable Securities (not to exceed the Section 2.3(a) Sale Number) to be included in such registration shall be allocated on a pro rata basis among all Holders requesting that Registrable Securities
      be included in such registration, based on the number of Registrable Securities then owned by each such Holder requesting inclusion in relation to the number of Registrable Securities owned by all Holders requesting inclusion;

    
      6

      
        

    

    

    

    (ii)          second, to the extent that the number of securities to be included pursuant to clause (i) of this Section 2.3(a) is less than the Section 2.3(a) Sale Number, the remaining shares to be included in such
      registration shall be allocated on a pro rata basis among all Holders requesting that securities be included in such registration pursuant to the exercise of Additional Piggyback Rights (“Piggyback Shares”), based on the aggregate number of
      Piggyback Shares then owned by each Holder requesting inclusion in relation to the aggregate number of Piggyback Shares owned by all Holders requesting inclusion, up to the Section 2.3(a) Sale Number; and

    

    

    (iii)          third, to the extent that the number of securities to be included pursuant to clauses (i) and (ii) of this Section 2.3(a) is less than the Section 2.3(a) Sale Number, any securities that the Company
      proposes to register, up to the Section 2.3(a) Sale Number.

    

    

    If, as a result of the proration provisions of this Section 2.3(a), any Holder shall not be entitled to include all Registrable Securities in a registration that such Holder has requested be included, such Holder may
      elect to withdraw its request to include Registrable Securities in such registration or may reduce the number requested to be included; provided, however, that (A) such request must be made in writing prior to the earlier of the
      execution of the underwriting agreement or the execution of the custody agreement with respect to such registration and (B) such withdrawal shall be irrevocable and, after making such withdrawal, such Holder shall no longer have any right to include
      Registrable Securities in the registration as to which such withdrawal was made.

    

    

    (b)          If any registration pursuant to Section 2.2 involves an underwritten offering that was proposed by the Company and the Manager shall advise the Company that, in its view, the number of securities requested
      to be included in such registration exceeds the number (the “Section 2.3(b) Sale Number”) that can be sold in an orderly manner in such registration within a price range acceptable to the Company, the Company shall include in such
      registration:

    

    

    (i)          first, all Ordinary Shares that the Company proposes to register for its own account; and

    

    

    (ii)          second, to the extent that the number of securities to be included pursuant to clause (i) of this Section 2.3(b) is less than the Section 2.3(b) Sale Number, the remaining shares to be included in such
      registration shall be allocated on a pro rata basis among all holders requesting that Registrable Securities or Piggyback Shares be included in such registration pursuant to the exercise of piggyback rights pursuant to Section 2.2 of this Agreement
      or Additional Piggyback Rights, based on the aggregate number of Registrable Securities and Piggyback Shares then owned by each holder requesting inclusion in relation to the aggregate number of Registrable Securities and Piggyback Shares owned by
      all holders requesting inclusion, up to the Section 2.3(b) Sale Number.

    
      7

      
        

    

    

    

    (c)          If any registration pursuant to Section 2.2 involves an underwritten offering that was proposed by Holders of securities of the Company that have the right to require such registration pursuant to an
      agreement entered into by the Company in accordance with Section 3.4 (“Additional Demand Rights”) and the Manager shall advise the Company that, in its view, the number of securities requested to be included in such registration exceeds the
      number (the “Section 2.3(c) Sale Number”) that can be sold in an orderly manner in such registration within a price range acceptable to the Company, the Company shall include in such registration:

    

    

    (i)          first, all securities requested to be included in such registration by the holders of Additional Demand Rights (“Additional Registrable Securities”); provided, however, that, if the
      number of such Additional Registrable Securities exceeds the Section 2.3(c) Sale Number, the number of such Additional Registrable Securities (not to exceed the Section 2.3(c) Sale Number) to be included in such registration shall be allocated on a
      pro rata basis among all holders of Additional Registrable Securities requesting that Additional Registrable Securities be included in such registration, based on the number of Additional Registrable Securities then owned by each such holder
      requesting inclusion in relation to the number of Additional Registrable Securities owned by all of such holders requesting inclusion;

    

    

    (ii)          second, to the extent that the number of securities to be included pursuant to clause (i) of this Section 2.3(c) is less than the Section 2.3(c) Sale Number, any Ordinary Shares that the Company proposes
      to register for its own account, up to the Section 2.3(c) Sale Number; and

    

    

    (iii)          third, to the extent that the number of securities to be included pursuant to clauses (i) and (ii) of this Section 2.3(c) is less than the Section 2.3(c) Sale Number, the remaining shares to be included
      in such registration shall be allocated on a pro rata basis among all holders requesting that Registrable Securities or Piggyback Shares be included in such registration pursuant to the exercise of piggyback rights pursuant to Section 2.2 or
      Additional Piggyback Rights, based on the aggregate number of Registrable Securities and Piggyback Shares then owned by each holder requesting inclusion in relation to the aggregate number of Registrable Securities and Piggyback Shares owned by all
      holders requesting inclusion, up to the Section 2.3(c) Sale Number.

    

    

    Section 2.4          Registration Procedures.  Whenever the Company is required by the provisions of this Agreement to use commercially reasonable efforts to effect or cause the registration of any Registrable
      Securities under the Securities Act as provided in this Agreement, the Company as expeditiously as possible:

    

    

    (a)          shall prepare and file with the SEC the requisite registration statement, which shall comply as to form in all material respects with the requirements of the applicable form and shall include all financial
      statements required by the SEC to be filed therewith, and use commercially reasonable efforts to cause such registration statement to become and remain effective (provided, however, that before filing a registration statement or
      prospectus or any amendments or supplements thereto, or comparable statements under securities or blue sky laws of any jurisdiction, or any Issuer Free Writing Prospectus related thereto, the Company will furnish to one counsel for the Holders
      participating in the planned offering (selected by the Majority Participating Holders, in the case of a registration pursuant to Section 2.1, and selected by the lead managing underwriter, in the case of a registration pursuant to Section 2.2) and
      the lead managing underwriter, if any, copies of all such documents proposed to be filed (including all exhibits thereto), which documents will be subject to the reasonable review and reasonable comment of such counsel, and the Company shall not file
      any registration statement or amendment thereto, any prospectus or supplement thereto or any Issuer Free Writing Prospectus related thereto to which the holders of a majority of the Registrable Securities covered by such registration statement or the
      underwriters, if any, shall reasonably object);

    
      8

      
        

    

    

    

    (b)          shall prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement
      effective for such period as any seller of Registrable Securities pursuant to such registration statement shall request and to comply with the provisions of the Securities Act with respect to the sale or other disposition of all Registrable
      Securities covered by such registration statement in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement;

    

    

    (c)          shall furnish, without charge, to each seller of such Registrable Securities and each underwriter, if any, of the securities covered by such registration statement such number of copies of such registration
      statement, each amendment thereto, the prospectus included in such registration statement, each preliminary prospectus and each Issuer Free Writing Prospectus utilized in connection therewith, all in conformity with the requirements of the Securities
      Act, and such other documents as such seller and underwriter reasonably may request in order to facilitate the public sale or other disposition of the Registrable Securities owned by such seller, and shall consent to the use in accordance with all
      applicable law of each such registration statement, each amendment thereto, each such prospectus, preliminary prospectus or Issuer Free Writing Prospectus by each such seller of Registrable Securities and the underwriters, if any, in connection with
      the offering and sale of the Registrable Securities covered by such registration statement or prospectus;

    

    

    (d)          shall use commercially reasonable efforts to register or qualify the Registrable Securities covered by such registration statement under such other securities or “blue sky” laws of such jurisdictions as any
      sellers of Registrable Securities or any managing underwriter, if any, reasonably shall request, and do any and all other acts and things that may be reasonably necessary or advisable to enable such sellers or underwriter, if any, to consummate the
      disposition of the Registrable Securities in such jurisdictions, except that in no event shall the Company be required to qualify to do business as a foreign corporation in any jurisdiction where, but for the requirements of this Section 2.4(d), it
      would not be required to be so qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction;

    

    

    (e)          shall promptly notify each Holder selling Registrable Securities covered by such registration statement and each managing underwriter, if any:

    

    

    (i)          when the registration statement, any pre-effective amendment, the prospectus or any prospectus supplement related thereto, any post-effective amendment to the registration statement or any Issuer Free
      Writing Prospectus has been filed and, with respect to the registration statement or any post-effective amendment, when the same has become effective;

    

    

    (ii)          of any request by the SEC or state securities authority for amendments or supplements to the registration statement or the prospectus related thereto or for additional information;

    
      9

      
        

    

    

    

    (iii)          of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or the initiation of any proceedings for that purpose;

    

    

    (iv)          of the receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the securities or blue sky laws of any jurisdiction or the
      initiation of any proceeding for such purpose;

    

    

    (v)          of the existence of any fact of which the Company becomes aware which results in the registration statement, the prospectus related thereto, any document incorporated therein by reference, any Issuer Free
      Writing Prospectus or the information conveyed to any purchaser at the time of sale to such purchaser containing an untrue statement of a material fact or omitting to state a material fact required to be stated therein or necessary to make any
      statement therein not misleading; and

    

    

    (vi)          if at any time the representations and warranties contemplated by any underwriting agreement, securities sale agreement, or other similar agreement, relating to the offering shall cease to be true and
      correct in all material respects; and, if the notification relates to an event described in clause (v), the Company, subject to the provisions of Section 2.1(c), promptly shall prepare and file with the SEC, and furnish to each seller and each
      underwriter, if any, a reasonable number of copies of, a prospectus supplemented or amended so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall not include an untrue statement of a material fact or
      omit to state a material fact required to be stated therein or necessary to make the statements therein in the light of the circumstances under which they were made not misleading;

    

    

    (f)          shall comply with all applicable rules and regulations of the SEC, and make generally available to its security holders, as soon as reasonably practicable after the effective date of the registration
      statement (and in any event within 90 days after the end of such 12 month period described hereafter), an earnings statement, which need not be audited, covering the period of at least 12 consecutive months beginning with the first day of the
      Company’s first calendar quarter after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder;

    

    

    (g)          shall use commercially reasonable efforts to cause all Registrable Securities covered by such registration statement to be authorized to be listed on a national securities exchange if shares of the
      particular class of Registrable Securities are at that time, or will be immediately following the offering, listed on such exchange;

    

    

    (h)          shall provide and cause to be maintained a transfer agent and registrar for all such Registrable Securities covered by such registration statement not later than the effective date of such registration
      statement;

    

    

    (i)          shall enter into such customary agreements (including, if applicable, an underwriting agreement) and take such other actions as the Majority Participating Holders shall reasonably request in order to
      expedite or facilitate the disposition of such Registrable Securities (it being understood that the Holders of the Registrable Securities that are to be distributed by any underwriters shall be parties to any such underwriting agreement and may, at
      their option, require that the Company make to and for the benefit of such Holders the representations, warranties and covenants of the Company which are being made to and for the benefit of such underwriters);

    
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    (j)          shall use commercially reasonable efforts to obtain an opinion from the Company’s counsel and a “cold comfort” letter from the Company’s independent public accountants in customary form and covering such
      matters as are customarily covered by such opinions and “cold comfort” letters delivered to underwriters in underwritten public offerings, which opinion and letter shall be reasonably satisfactory to the underwriter, if any;

    

    

    (k)          shall use commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of the registration statement;

    

    

    (l)          shall provide a CUSIP number for all Registrable Securities, not later than the effective date of the registration statement;

    

    

    (m)          shall make reasonably available its employees and personnel for participation in “road shows” and other marketing efforts and otherwise provide reasonable assistance to the underwriters, taking into account
      the needs of the Company’s businesses and the requirements of the marketing process, in the marketing of Registrable Securities in any underwritten offering;

    

    

    (n)          shall promptly prior to the filing of any document that is to be incorporated by reference into the registration statement or the prospectus, and prior to the filing of any Issuer Free Writing Prospectus,
      provide copies of such document to counsel for the selling holders of Registrable Securities and to each managing underwriter, if any, and make the Company’s representatives reasonably available for discussion of such document and make such changes
      in such document concerning the selling holders prior to the filing thereof as counsel for such selling holders or underwriters may reasonably request;

    

    

    (o)          shall cooperate with the sellers of Registrable Securities and the managing underwriter, if any, to facilitate the timely preparation and delivery of certificates not bearing any restrictive legends
      representing the Registrable Securities to be sold, and cause such Registrable Securities to be issued in such denominations and registered in such names in accordance with the underwriting agreement prior to any sale of Registrable Securities to the
      underwriters or, if not an underwritten offering, in accordance with the instructions of the sellers of Registrable Securities at least three Business Days prior to any sale of Registrable Securities and instruct any transfer agent and registrar of
      Registrable Securities to release any stop transfer orders in respect thereof;

    

    

    (p)          shall take all such other commercially reasonable actions as are necessary or advisable in order to expedite or facilitate the disposition of such Registrable Securities;

    

    

    (q)          shall not take any direct or indirect action prohibited by Regulation M under the Exchange Act; provided, however, that to the extent that any prohibition is applicable to the Company, the
      Company will take such action as is necessary to make any such prohibition inapplicable;

    
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    (r)          shall cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any
      filings required to be made with FINRA; and

    

    

    (s)          shall take all reasonable action to ensure that any Issuer Free Writing Prospectus utilized in connection with any registration covered by Section 2.1 or 2.2 complies in all material respects with the
      Securities Act, is filed in accordance with the Securities Act to the extent required thereby, is retained in accordance with the Securities Act to the extent required thereby and, when taken together with the related prospectus, will not contain any
      untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

    

    

    To the extent the Company is a well-known seasoned issuer as defined in Rule 405 under the Securities Act (a “WKSI”) at the time any Demand Registration Request is submitted to the Company, and such Demand
      Registration Request requests that the Company file an automatic shelf registration statement as defined in Rule 405 under the Securities Act (an “automatic shelf registration statement”) on Form F‐3, the Company shall file an automatic shelf
      registration statement that covers those Registrable Securities that are requested to be registered.  The Company shall use commercially reasonable efforts to remain a WKSI and not become an ineligible issuer (as defined in Rule 405 under the
      Securities Act) during the period during which such automatic shelf registration statement is required to remain effective.  If the Company does not pay the filing fee covering the Registrable Securities at the time the automatic shelf registration
      statement is filed, the Company shall pay such fee at such time or times as the Registrable Securities are to be sold.  If the automatic shelf registration statement has been outstanding for at least three years, at the end of the third year the
      Company shall refile a new automatic shelf registration statement covering the Registrable Securities.  If at any time when the Company is required to re-evaluate its WKSI status, the Company determines that it is not a WKSI, the Company shall use
      commercially reasonable efforts to refile the shelf registration statement on Form F‐3 and, if such form is not available, Form F‐1 and keep such registration statement effective during the period during which such registration statement is required
      to be kept effective. Notwithstanding anything contained herein to the contrary, the Company shall be entitled to exclude from the shelf registration statement such Registrable Securities as the Company and its securities counsel reasonably determine
      (in consultation with the Majority Participating Holders and their securities counsel) is reasonably necessary for the offering to qualify as a secondary (rather than a primary) offering pursuant to Rule 415 under the Securities Act in response to
      comments from the staff of the SEC.  To the extent any Registrable Securities are so excluded, the Company agrees to register such excluded shares in accordance with Section 2.1 promptly when eligible to do so under applicable federal securities
      laws, rules, regulations and policies, as the Company and its securities counsel reasonably determine (in consultation with the Majority Participating Holders and their securities counsel).

    

    

    If the Company files any shelf registration statement for the benefit of the holders of any of its securities other than the Holders, the Company shall include in such registration statement such disclosures as may be
      required by Rule 430B under the Securities Act, referring to the unnamed selling security holders in a generic manner by identifying the initial offering of the securities to the Holders, in order to ensure that the Holders may be added to such shelf
      registration statement at a later time through the filing of a prospectus supplement rather than a post-effective amendment.

    
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    The Company may require as a condition precedent to the Company’s obligations under this Section 2.4 that each seller of Registrable Securities as to which any registration is being effected furnish the Company such
      information in writing regarding such seller and the distribution of such Registrable Securities as the Company from time to time reasonably may request; provided, that such information is necessary for the Company to consummate such
      registration and shall be used only in connection with such registration.

    

    

    Each seller of Registrable Securities agrees that upon receipt of any notice from the Company under Section 2.4(e)(v), such seller will discontinue such seller’s disposition of Registrable Securities pursuant to the
      registration statement covering such Registrable Securities until such seller’s receipt of the copies of the supplemented or amended prospectus.  In the event the Company shall give any such notice, the applicable period set forth in Section 2.4(b)
      shall be extended by the number of days during such period from and including the date of the giving of such notice to and including the date when each seller of any Registrable Securities covered by such registration statement shall have received
      the copies of the supplemented or amended prospectus.

    

    

    If any such registration statement or comparable statement under “blue sky” laws refers to any Holder by name or otherwise as the Holder of any securities of the Company, such Holder shall have the right to require (i)
      the insertion therein of language, in form and substance reasonably satisfactory to such Holder and the Company, to the effect that the holding by such Holder of such securities is not to be construed as a recommendation by such Holder of the
      investment quality of the Company’s securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Company or (ii) in the event that such reference to such Holder by
      name or otherwise is not in the judgment of the Company, as advised by counsel, required by the Securities Act or any similar federal statute or any state “blue sky” or securities law then in force, the deletion of the reference to such Holder.

    

    

    Section 2.5          Registration Expenses.

    

    

    (a)          The Company shall pay all Registration Expenses (i) with respect to any Demand Registration whether or not it becomes effective or remains effective for the period contemplated by Section 2.4(b) and (ii)
      with respect to any registration effected under Section 2.2.

    

    

    (b)          Notwithstanding the foregoing, (i) the provisions of this Section 2.5 shall be deemed amended to the extent necessary to cause these expense provisions to comply with “blue sky” laws of each state in which
      the offering is made, (ii) in connection with any registration hereunder, each Holder of Registrable Securities being registered shall pay all underwriting discounts and commissions and any transfer taxes, if any, attributable to the sale of such
      Registrable Securities, pro rata with respect to payments of discounts and commissions in accordance with the number of shares sold in the offering by such Holder and (iii) the Company shall, in the case of all registrations under this Article II, be
      responsible for all its internal expenses.

    
      13

      
        

    

    

    

    Section 2.6          Underwritten Offerings.

    

    

    (a)          If requested by the underwriters for any underwritten offering by the Holders pursuant to a registration requested under Section 2.1, the Company shall enter into a customary underwriting agreement with the
      underwriters.  Such underwriting agreement shall be satisfactory in form and substance to the Majority Participating Holders and shall contain such representations and warranties by, and such other agreements on the part of, the Company and such
      other terms as are generally prevailing in agreements of that type.  Any Holder participating in the offering shall be a party to such underwriting agreement and, at its option, may require that any or all of the representations and warranties by,
      and the other agreements on the part of, the Company to and for the benefit of such underwriters also shall be made to and for the benefit of such Holder and that any or all of the conditions precedent to the obligations of such underwriters under
      such underwriting agreement be conditions precedent to the obligations of such Holder; provided, however, that the Company shall not be required to make any representations or warranties with respect to written information
      specifically provided by a selling Holder for inclusion in the registration statement.  No Holder shall be required to make any representations or warranties to or agreements with the Company or the underwriters other than representations, warranties
      or agreements regarding such Holder, its ownership of and title to the Registrable Securities and its intended method of distribution; and any liability of such Holder to any underwriter or other Person under such underwriting agreement shall be
      limited to liability arising from breach of its representations and warranties and shall be limited to an amount equal to the proceeds (net of expenses and underwriting discounts and commissions) that it derives from such registration.

    

    

    (b)          In the case of a registration pursuant to Section 2.2, if the Company shall have determined to enter into an underwriting agreement in connection therewith, any Registrable Securities to be included in such
      registration shall be subject to such underwriting agreement.  Any Holder participating in such registration may, at its option, require that any or all of the representations and warranties by, and the other agreements on the part of, the Company to
      and for the benefit of such underwriters shall also be made to and for the benefit of such Holder and that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement be conditions precedent to the
      obligations of such Holder.  No Holder shall be required to make any representations or warranties to or agreements with the Company or the underwriters other than representations, warranties or agreements regarding such Holder, its ownership of and
      title to the Registrable Securities and its intended method of distribution; and any liability of such Holder to any underwriter or other Person under such underwriting agreement shall be limited to liability arising from breach of its
      representations and warranties and shall be limited to an amount equal to the proceeds (net of expenses and underwriting discounts and commissions) that it derives from such registration.

    

    

    (c)          In the case of any registration under Section 2.1 pursuant to an underwritten offering, or, in the case of a registration under Section 2.2, if the Company has determined to enter into an underwriting
      agreement in connection therewith, all securities to be included in such registration shall be subject to an underwriting agreement and no Person may participate in such registration unless such Person agrees to sell such Person’s securities on the
      basis provided therein and, subject to the provisions of this Section 2.6, completes and executes all reasonable questionnaires, and other documents, including custody agreements and powers of attorney, that must be executed in connection therewith,
      and provides such other information to the Company or the underwriter as may be necessary to register such Person’s securities.

    
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    Section 2.7          Holdback Agreements.

    

    

    (a)          Each seller of Registrable Securities agrees, to the extent requested in writing by a managing underwriter, if any, of any registration effected pursuant to Section 2.1, not to sell, transfer or otherwise
      dispose of, including any sale pursuant to Rule 144 under the Securities Act, any Ordinary Shares, or any other equity security of the Company or any security convertible into or exchangeable or exercisable for any equity security of the Company
      other than as part of such underwritten public offering during the time period reasonably requested by the managing underwriter, not to exceed 180 days.

    

    

    (b)          The Company agrees that, if it shall previously have received a request for registration pursuant to Section 2.1 or 2.2, and if such previous registration shall not have been withdrawn or abandoned, it shall
      not sell, transfer or otherwise dispose of any Ordinary Shares, or any other equity security of the Company or any security convertible into or exchangeable or exercisable for any equity security of the Company (other than as part of such
      underwritten public offering, a registration on Form F‐4 or Form S‐8 or any successor or similar form which is then in effect or upon the conversion, exchange or exercise of any then outstanding Ordinary Share Equivalent), until a period of 180 days
      shall have elapsed from the effective date of such previous registration; and the Company shall so provide in any registration rights agreements hereafter entered into with respect to any of its securities.

    

    

    Section 2.8          No Required Sale.  Nothing in this Agreement shall be deemed to create an independent obligation on the part of any Holder to sell any Registrable Securities pursuant to any effective
      registration statement.

    

    

    Section 2.9          Indemnification.

    

    

    (a)          In the event of any registration of any securities of the Company under the Securities Act pursuant to this Article II, the Company will, and hereby agrees to, indemnify and hold harmless, to the fullest
      extent permitted by law, each Holder of Registrable Securities, its directors, officers, fiduciaries, employees, agents, affiliates, consultants, representatives, general and limited partners, stockholders, successors, assigns (and the directors,
      officers, employees and stockholders thereof), and each other Person, if any, who controls such Holder within the meaning of the Securities Act, from and against any and all losses, claims, damages or liabilities, joint or several, actions or
      proceedings (whether commenced or threatened) and expenses (including reasonable fees of counsel and any amounts paid in any settlement effected with the Company’s consent, which consent shall not be unreasonably withheld or delayed) to which each
      such indemnified party may become subject under the Securities Act or otherwise in respect thereof (collectively, “Losses”), insofar as such Losses arise out of or are based upon (i) any untrue statement or alleged untrue statement of a
      material fact contained in any registration statement under which such securities were registered under the Securities Act or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
      statements therein not misleading or (ii) any untrue statement or alleged untrue statement of a material fact contained in any preliminary, final or summary prospectus or any amendment or supplement thereto, together with the documents incorporated
      by reference therein, or any Issuer Free Writing Prospectus utilized in connection therewith, or the omission or alleged omission to state therein a material fact necessary in order to make the statements therein, in the light of the circumstances
      under which they were made, not misleading, and the Company will reimburse any such indemnified party for any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such Loss as such
      expenses are incurred; provided, however, that the Company shall not be liable to any such indemnified party in any such case to the extent such Loss arises out of or is based upon any untrue statement or alleged untrue statement of a
      material fact or omission or alleged omission of a material fact made in such registration statement or amendment thereof or supplement thereto or in any such prospectus or any preliminary, final or summary prospectus or Issuer Free Writing
      Prospectus in reliance upon and in conformity with written information furnished to the Company by or on behalf of such indemnified party specifically for use therein.  Such indemnity and reimbursement of expenses shall remain in full force and
      effect regardless of any investigation made by or on behalf of such indemnified party and shall survive the transfer of such securities by such Holder.

    
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    (b)          Each Holder of Registrable Securities that are included in the securities as to which any registration under Section 2.1 or 2.2 is being effected shall, severally and not jointly, indemnify and hold harmless
      (in the same manner and to the same extent as set forth in paragraph (a) of this Section 2.9) to the extent permitted by law the Company, its officers and directors, each Person controlling the Company within the meaning of the Securities Act and all
      other prospective sellers and their respective directors, officers, fiduciaries, employees, agents, affiliates, consultants, representatives, general and limited partners, stockholders, successors, assigns and respective controlling Persons with
      respect to any untrue statement or alleged untrue statement of any material fact in, or omission or alleged omission of any material fact from, such registration statement, any preliminary, final or summary prospectus contained therein, or any
      amendment or supplement thereto, or any Issuer Free Writing Prospectus utilized in connection therewith, if such statement or alleged statement or omission or alleged omission was made in reliance upon and in conformity with written information
      furnished to the Company or its representatives by or on behalf of such Holder specifically for use therein and reimburse such indemnified party for any legal or other expenses reasonably incurred in connection with investigating or defending any
      such Loss as such expenses are incurred; provided, however, that the aggregate amount that any such Holder shall be required to pay pursuant to this Section 2.9(b) and Sections 2.9(c), (e) and (f) shall in no case be greater than the
      amount of the net proceeds received by such Holder upon the sale of the Registrable Securities pursuant to the registration statement giving rise to such claim.  Such indemnity and reimbursement of expenses shall remain in full force and effect
      regardless of any investigation made by or on behalf of such indemnified party and shall survive the transfer of such securities by such Holder.

    

    

    (c)          Any Person entitled to indemnification under this Agreement promptly shall notify the indemnifying party in writing of the commencement of any action or proceeding with respect to which a claim for
      indemnification may be made pursuant to this Section 2.9, but the failure of any such Person to provide such notice shall not relieve the indemnifying party of its obligations under the preceding paragraphs of this Section 2.9, except to the extent
      the indemnifying party is materially prejudiced thereby and shall not relieve the indemnifying party from any liability that it may have to any such Person otherwise than under this Article II.  In case any action or proceeding is brought against an
      indemnified party and it shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, unless in the reasonable opinion of outside counsel to the indemnified party a conflict of
      interest between such indemnified and indemnifying parties may exist in respect of such claim, to assume the defense thereof jointly with any other indemnifying party similarly notified, to the extent that it chooses, with counsel reasonably
      satisfactory to such indemnified party, and after notice from the indemnifying party to such indemnified party that it so chooses, the indemnifying party shall not be liable to such indemnified party for any legal or other expenses subsequently
      incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation; provided, however, that (i) if the indemnifying party fails to take reasonable steps necessary to defend
      diligently the action or  proceeding within 20 days after receiving notice from such indemnified party, (ii) if such indemnified party who is a defendant in any action or proceeding that is also brought against the indemnifying party reasonably shall
      have concluded that there may be one or more legal defenses available to such indemnified party that are not available to the indemnifying party or (iii) if representation of both parties by the same counsel is otherwise inappropriate under
      applicable standards of professional conduct, then, in any such case, the indemnified party shall have the right to assume or continue its own defense as set forth above (but with no more than one firm of counsel for all indemnified parties in each
      jurisdiction, except to the extent any indemnified party or parties reasonably shall have concluded that there may be legal defenses available to such party or parties that are not available to the other indemnified parties or to the extent
      representation of all indemnified parties by the same counsel is otherwise inappropriate under applicable standards of professional conduct) and the indemnifying party shall be liable for any expenses therefor.  Without the written consent of the
      indemnified party, which consent shall not be unreasonably withheld, no indemnifying party shall effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of
      which indemnification or contribution may be sought hereunder, whether or not the indemnified party is an actual or potential party to such action or claim, unless such settlement, compromise or judgment (A) includes an unconditional release of the
      indemnified party from all liability arising out of such action or claim and (B) does not include a statement as to or an admission of fault, culpability or a failure to act, by or on behalf of any indemnified party.

    
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    (d)          If for any reason the foregoing indemnity is unavailable or is insufficient to hold harmless an indemnified party under Section 2.9(a), (b) or (c), then each indemnifying party shall contribute to the amount
      paid or payable by such indemnified party as a result of any Loss in such proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and the indemnified party, on the other hand, with respect to such
      offering of securities.  The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information
      supplied by the indemnifying party or the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statement or omission.  If, however, the allocation provided in the
      second preceding sentence is not permitted by applicable law, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party in such proportion as is appropriate to reflect not only such relative faults but also
      the relative benefits of the indemnifying party and the indemnified party as well as any other relevant equitable considerations.  The parties hereto agree that it would not be just and equitable if contributions pursuant to this Section 2.9(d) were
      to be determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the preceding sentences of this Section 2.9(d).  The amount paid or payable in respect of any Loss
      shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such Loss.  No Person guilty of fraudulent misrepresentation within the meaning of Section 11(f) of
      the Securities Act shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.  Notwithstanding anything in this Section 2.9(d) to the contrary, no indemnifying party other than the Company shall be
      required pursuant to this section 2.9(d) to contribute any amount in excess of the net proceeds received by such indemnifying party from the sale of Registrable Securities in the offering to which the losses, claims, damages or liabilities of the
      indemnified parties relate, less the amount of any indemnification payment made by such indemnifying party pursuant to Sections 2.9(b) and (c).

    

    

    (e)          The indemnity and contribution agreements contained herein shall be in addition to any other rights to indemnification or contribution which any indemnified party may have pursuant to law or contract and
      shall remain operative and in full force and effect regardless of any investigation made or omitted by or on behalf of any indemnified party and shall survive the transfer of the Registrable Securities by any such party.

    

    

    (f)          The indemnification and contribution required by this Section 2.9 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or
      expense, loss, damage or liability is incurred.

    
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    ARTICLE III

    GENERAL

    

    

    Section 3.1          Rule 144.  The Company covenants that (a) upon such time as it becomes, and so long as it remains, subject to the reporting provisions of the Exchange Act, it will timely file the reports
      required to be filed by it under the Securities Act or the Exchange Act or, if it is not required to file such reports, upon the request of any Holder it shall make publicly available other information so long as necessary to permit sales of such
      Registrable Securities in compliance with Rule 144 under the Securities Act and (b) it will take such further action as any Holder of Registrable Securities reasonably may request, all to the extent required from time to time to enable such Holder to
      sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (i) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (ii) any similar rule or regulation
      hereafter adopted by the SEC.  Upon the request of any Holder of Registrable Securities, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements.

    

    

    Section 3.2          Nominees for Beneficial Owners.  If Registrable Securities are held by a nominee for the beneficial owner thereof, the beneficial owner thereof may, at its option, be treated as the Holder of
      such Registrable Securities for purposes of any request or other action by any Holder or Holders of Registrable Securities pursuant to this Agreement or any determination of any number or percentage of shares constituting Registrable Securities held
      by any Holder or Holders of Registrable Securities contemplated by this Agreement; provided, that the Company shall have received assurances reasonably satisfactory to it of such beneficial ownership.

    
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    Section 3.3          No Inconsistent Agreements.  The rights granted to the Holders of Registrable Securities hereunder do not in any way conflict with and are not inconsistent with any other agreements to which
      the Company is a party or by which it is bound.  Without the prior written consent of Holders of a majority of the then outstanding Registrable Securities, the Company will not enter into any agreement with respect to its securities that is
      inconsistent with the rights granted in this Agreement or otherwise conflicts with the provisions hereof or provides terms and conditions that are more favorable to, or less restrictive on, the other party thereto than the terms and conditions
      contained in this Agreement are to the Holders, other than any lock-up agreement with the underwriters in connection with any registered offering effected hereunder, pursuant to which the Company shall agree not to register for sale, and the Company
      shall agree not to sell or otherwise dispose of, Ordinary Shares or any securities convertible into or exercisable or exchangeable for Ordinary Shares, for a specified period following the registered offering.  If the Company enters into any other
      registration rights agreement with respect to any of its securities that contains terms that are more favorable to, or less restrictive on, the other party thereto than the terms and conditions contained in this Agreement are to the Holders, the
      terms and conditions of this Agreement shall immediately be deemed to have been amended without further action by the Company or any of the Holders of Registrable Securities so that the Holders shall each be entitled to the benefit of any such more
      favorable or less restrictive terms or conditions.

    

    

    ARTICLE IV

    MISCELLANEOUS

    

    

    Section 4.1          Amendment and Waiver.

    

    

    (a)          Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and is signed by the Company and the Holders of a majority of the Registrable Securities.

    

    

    (b)          No failure or delay of any party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or
      discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power.  The rights and remedies of the parties hereunder are cumulative and are not
      exclusive of any rights or remedies which they would otherwise have hereunder.

    
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    Section 4.2          Notices.  All notices and other communications hereunder shall be in writing and shall be deemed duly given (a) on the date of delivery if delivered personally, or if by facsimile or e‐mail,
      upon written confirmation of receipt by facsimile, e‐mail or otherwise, (b) on the first Business Day following the date of dispatch if delivered utilizing a next-day service by a recognized next-day courier or (c) on the earlier of confirmed receipt
      or the fifth Business Day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage prepaid.  All notices hereunder shall be delivered to the addresses set forth below, or pursuant to such other
      instructions as may be designated in writing by the party to receive such notice:

    

    

    (i)          if to any Holder other than the Equityholders, to its last known address appearing on the books of the Company maintained for such purpose, and if to the Equityholders, to:

    

    

    Richard Poole

    Level 33, 52 Martin Place

    Sydney, NSW 2000

    

    

    E-mail:   rjpoole@verdantearth.com.au

    

    

    Arthur Phillip Nominees Pty Limited

    Level 33, 52 Martin Place

    Sydney, NSW 2000

    

    

    Attention:   Richard Poole

    E-mail:       rjpoole@aphillip.com.au

    

    

    (ii)          if to the Company, to:

    

    

    Verdant Earth Technologies Limited

    Level 33, 52 Martin Place

    Sydney, NSW 2000

    

    

    Attention:    Warren Kember

    E-mail:         communications@verdantearth.com.au

    

    

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

    

    

    Gibson, Dunn & Crutcher LLP

    200 Park Avenue

    New York, NY 10166-0193

    

    

    Attention:   Eric Scarazzo

    E-mail:       escarazzo@gibsondunn.com

    

    

    or such other address as the Company or the Holders shall have specified to the other party in writing in accordance with this Section 4.2.

    

    

    Section 4.3          Interpretation.  When a reference is made in this Agreement to a Section, Article, Exhibit or Schedule such reference shall be to a Section, Article, Exhibit or Schedule of this Agreement
      unless otherwise indicated.  The headings contained in this Agreement or in any Exhibit or Schedule are for convenience of reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.  All words used in
      this Agreement will be construed to be of such gender or number as the circumstances require.  Any capitalized terms used in any Exhibit or Schedule but not otherwise defined therein shall have the meaning as defined in this Agreement.  All Exhibits
      and Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth herein.  The word “including” and words of similar import when used in this Agreement will mean “including, without
      limitation,” unless otherwise specified.  The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to the Agreement as a whole and not to any particular provision in this Agreement.  The term
      “or” is not exclusive.  The word “will” shall be construed to have the same meaning and effect as the word “shall.”  References to days mean calendar days unless otherwise specified.

    
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    Section 4.4          Entire Agreement.  This Agreement constitutes the entire agreement, and supersedes all prior written agreements, arrangements, communications and understandings and all prior and
      contemporaneous oral agreements, arrangements, communications and understandings between the parties with respect to the subject matter hereof and thereof.

    

    

    Section 4.5          No Third-Party Beneficiaries.  Except as provided in Section 2.9, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than the parties and their
      respective successors and permitted assigns any legal or equitable right, benefit or remedy of any nature under or by reason of this Agreement.

    

    

    Section 4.6          Governing Law.  This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in
      accordance with, the internal laws of the State of New York, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of New York (other than Section 5‐1401 of the New York
      General Obligations Law).

    

    

    Section 4.7          Submission to Jurisdiction.  Each of the parties irrevocably agrees that any legal action or proceeding arising out of or relating to this Agreement brought by any other party or its
      successors or assigns shall be brought and determined in any New York State or federal court sitting in the Borough of Manhattan in The City of New York (or, if such court lacks subject matter jurisdiction, in any appropriate New York State or
      federal court), and each of the parties hereby irrevocably submits to the exclusive jurisdiction of the aforesaid courts for itself and with respect to its property, generally and unconditionally, with regard to any such action or proceeding arising
      out of or relating to this Agreement and the transactions contemplated hereby.  Each of the parties agrees not to commence any action, suit or proceeding relating thereto except in the courts described above in New York, other than actions in any
      court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in New York as described herein.  Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process and
      the parties further waive any argument that such service is insufficient.  Each of the parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action or
      proceeding arising out of or relating to this Agreement or the transactions contemplated hereby, (a) any claim that it is not personally subject to the jurisdiction of the courts in New York as described herein for any reason, (b) that it or its
      property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or
      otherwise) and (c) that (i) the suit, action or proceeding in any such court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper or (iii) this Agreement, or the subject matter hereof, may not be enforced
      in or by such courts.

    
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    Section 4.8          Assignment; Successors.  This Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns.  If any Person shall
      acquire Registrable Securities from any Holder in any manner, whether by operation of law or otherwise, such Person shall promptly notify the Company and such Registrable Securities acquired from such Holder shall be held subject to all of the terms
      of this Agreement, and by taking and holding such Registrable Securities such Person shall be entitled to receive the benefits of and be conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this
      Agreement.  Any such successor or assign shall agree in writing to acquire and hold the Registrable Securities acquired from such Holder subject to all of the terms hereof.  If any Holder shall acquire additional Registrable Securities, such
      Registrable Securities shall be subject to all of the terms, and entitled to all of the benefits, of this Agreement.

    

    

    Section 4.9          Enforcement.  The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were
      otherwise breached.  Accordingly, each of the parties shall be entitled to specific performance of the terms hereof, including an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of
      this Agreement in any New York State or federal court sitting in the Borough of Manhattan in The City of New York (or, if such court lacks subject matter jurisdiction, in any appropriate New York State or federal court), this being in addition to any
      other remedy to which such party is entitled at law or in equity.  Each of the parties hereby further waives (a) any defense in any action for specific performance that a remedy at law would be adequate and (b) any requirement under any law to post
      security as a prerequisite to obtaining equitable relief.

    

    

    Section 4.10          Severability.  Whenever possible, each provision or portion of any provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if
      any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any
      other provision or portion of any provision in such jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been
      contained herein.

    

    

    Section 4.11          Waiver of Jury Trial.  EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO
      THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

    

    

    Section 4.12          Counterparts.  This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same instrument and shall become effective when one or more
      counterparts have been signed by each of the parties and delivered to the other parties.

    
      22

      
        

    

    

    

    Section 4.13          Facsimile or .pdf Signature.  This Agreement may be executed by facsimile or .pdf signature and a facsimile or .pdf signature shall constitute an original for all purposes

    

    

    Section 4.14          Time of Essence.  Time is of the essence with regard to all dates and time periods set forth or referred to in this Agreement.

    

    

    Section 4.15          No Presumption Against Drafting Party.  Each of the parties hereto acknowledges that it has been represented by counsel in connection with this Agreement and the transactions contemplated by
      this Agreement.  Accordingly, any rule of law or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the drafting party has no application and is expressly waived.

    

    

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      23

      
        

    

    

    

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

    

    

    	 	
            VERDANT EARTH TECHNOLOGIES LIMITED

          
	 	 	 	 
	 	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          	
            Warren Kember

          
	 	 	
            Title:

          	
            Chief Financial Officer

          
	 	 	 	 
	 	 	 	 
	 	
            ARTHUR PHILLIP NOMINEES PTY LIMITED

          
	 	 	 	 
	 	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          	
            Richard Poole

          
	 	 	
            Title:

          	 
	 	 	 	 
	 	 	 	 
	 	

          
	 	
            Richard Poole

          

    

    

  

  Signature Page to Registration Rights Agreement

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