Document:

Exhibit 4.3

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT
(this “Agreement”) is made as of December 31, 2021 among The Greenrose Holding Company Inc.., a Delaware corporation
(the “Company”), each of the individuals listed on the signature pages hereto (collectively, the “Holders”),
and each other Person who executes a Joinder as an “Other Holder” (collectively, the “Other Holders”).
Except as otherwise specified herein, all capitalized terms used in this Agreement are defined in Exhibit A attached hereto. Capitalized
but undefined terms used in this Agreement shall have the meaning set forth in the Asset Purchase Agreement (as defined below).

 

WHEREAS, the Company is a
party to that certain Asset Purchase Agreement (as amended, the “Asset Purchase Agreement,” dated as of March 12, 2021,
as amended by Amendment 1 thereto dated July 2, 2021, as further amended by Amendment 2 thereto dated October 28, 2021, as further amended
by Amendment 3 thereto dated December 31, 2021) by and among the Company, True Harvest Holdings, Inc. (“Acquisition Sub”),
and True Harvest, LLC (“True Harvest”), pursuant to which, inter alia, Acquisition Sub will acquire the assets
of, and assume certain liabilities of True Harvest (the “Acquisition”);

 

WHEREAS, in connection with
the Acquisition, the Company will issue the Holders shares of the Company’s Common Stock as further set forth in the Asset Purchase
Agreement; and

 

WHEREAS, the Company has agreed
to provide the Holders with registration rights with respect to their shares of the Company’s Common Stock as set forth in this
Agreement.

 

NOW, THEREFORE, 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:

 

Section 1 Demand Registrations.

 

(a) Requests for Registration.
Subject to the terms and conditions of this Agreement, the Majority Holders may request registration under the Securities Act of all or
any portion of their Registrable Securities on Form S-1 or any similar long-form registration (“Long-Form Registrations”)
or on Form S-3 or any similar short-form registration (“Short-Form Registrations“), if available (any such requested
registration, a “Demand Registration”). Each request for a Demand Registration must specify the approximate number
or dollar value of Registrable Securities requested to be registered by the requesting Holders and (if known) the intended method of distribution.
Notwithstanding the foregoing, the Company acknowledges that immediately upon the effectiveness of this Agreement, the Majority Holders
will be deemed to have requested registration of all of their Registrable Securities for resale on Form S-1 (such registration, the “Pending
Registration”). The Company agrees that it will undertake to use commercially reasonable efforts to file such a Form S-1 Registration
Statement, which will allow for True Harvest to sell its shares through public or private transactions at market prices prevailing at
the time of sale or at negotiated prices, on or before January 12, 2022.

 

(b) Notice to Other Holders.
Within ten (10) days after receipt of any such request, the Company will give written notice of the Demand Registration to all other Holders
and, subject to the terms of Section 1(e), will include in such Demand Registration (and in all related registrations and qualifications
under state blue sky laws and in any related underwriting) all Registrable Securities with respect to which the Company has received written
requests for inclusion therein within fifteen (15) days after the receipt of the Company’s notice; provided that, with the
consent of the Majority Holders, the Company may instead provide notice of the Demand Registration to all other Holders within three (3)
business days following the non-confidential filing of the registration statement with respect to the Demand Registration so long as such
registration statement is not an Automatic Shelf Registration Statement. Notwithstanding the foregoing, in light of the fact that
as of the effectiveness of this Agreement, True Harvest is the only Holder, the Company and True Harvest agree that this Section 1(b)
is moot for purposes of the Pending Registration, and the Company shall use commercially reasonable best efforts to proceed to filing
of the Form S-1 Registration Statement in respect of the Pending Registration on or before January 12, 2022.

 

     

     

    

 

(c) Form of Registrations.
Demand Registrations will be Short-Form Registrations whenever the Company is permitted to use any applicable short form. The Company
will use its reasonable best efforts to make Short-Form Registrations available for the sale of Registrable Securities.

 

(d) Shelf Registrations.

 

 (i) For so long as a registration
statement for a Shelf Registration (a “Shelf Registration Statement”) is and remains effective, the Holders will have
the right at any time or from time to time to elect to sell pursuant to an offering (including an underwritten offering) Registrable Securities
available for sale pursuant to such registration statement (“Shelf Registrable Securities”). A Holder may elect to
sell Registrable Securities under a Shelf Registration Statement by delivering to the Company a written notice (a “Shelf Offering
Notice”) specifying the number of Shelf Registrable Securities that the Holder desires to sell (the “Shelf Offering”).
As promptly as practicable, but in no event later than five (5) business days after receipt of a Shelf Offering Notice, the Company will
give written notice of such Shelf Offering Notice to all other Holders of Shelf Registrable Securities that have been identified as selling
stockholders in such Shelf Registration Statement and are otherwise permitted to sell in such Shelf Offering. The Company, subject to
Section 1(e) and Section 7, may include in such Shelf Offering any number of shares of Common Stock the Company desires
to sell in such Shelf Offering and will include in such Shelf Offering all Shelf Registrable Securities with respect to which the Company
has received written requests for inclusion (which request will specify the maximum number of Shelf Registrable Securities intended to
be disposed of by such Holder) within seven (7) days after the receipt of the Shelf Offering Notice. The Company will, as expeditiously
as possible (and in any event within thirty (30) days after the receipt of a Shelf Offering Notice), but subject to Section 1(e),
use its reasonable best efforts to facilitate such Shelf Offering.

 

 (ii) All determinations
as to whether to complete any Shelf Offering and as to the timing, manner, price and other terms of any Shelf Offering contemplated by
this Section 1(d) shall be determined by the Majority Participating Holders, and the Company shall use its reasonable best efforts
to cause any Shelf Offering to occur as promptly as practicable.

 

 (iii) The Company will,
at the request of the Majority Participating Holders, file any prospectus supplement or any post-effective amendments and otherwise take
any action necessary to include therein all disclosure and language deemed necessary or advisable by the Majority Participating Holders
to effect such Shelf Offering.

 

(e) Priority on Demand
Registrations and Shelf Offerings.

 

 (i) The Company will not
include in any Demand Registration any securities which are not Registrable Securities (other than securities to be included by the Company
for its own account, securities issued by the Company to the PIPE Investors in connection with the PIPE Offering or securities issued
to other stockholders of the Company pursuant to the terms of any merger agreement entered into by the Company on or about the date of
the Merger Agreement) without the prior written consent of the Majority Participating Holders. If a Demand Registration or a Shelf Offering
is an underwritten offering and the managing underwriters advise the Company in writing that in their opinion the number of Registrable
Securities and (if permitted hereunder) other securities requested to be included in such offering exceeds the number of Registrable Securities
and other securities (if any), which can be sold therein without adversely affecting the marketability, proposed offering price, timing
or method of distribution of the offering, then the Company will include in such offering (prior to the inclusion of any securities which
are not Registrable Securities): (i) first, the number of Registrable Securities requested by the Holders to be included, which,
in the opinion of such underwriters, can be sold, without any such adverse effect, pro rata among the respective Holders on the basis
of the number of Registrable Securities owned by each such Holder; (ii) second, the securities that the Company proposes to sell;
and (iii) third, the number of Registrable Securities requested to be included by the PIPE Holders which, in the opinion of such
underwriters, can be sold, without any such adverse effect, pro rata among the respective PIPE Holders on the basis of the number of Registrable
Securities owned by each such PIPE Holder. For the avoidance of doubt, however, the Pending Registration is not an underwritten offering.

 

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(f) Restrictions on Demand
Registration and Shelf Offerings.

 

 (i) The Company shall
not be obligated to effect any Demand Registration or underwritten Shelf Offering within one-hundred eighty (180) days after the effective
date of a previous Demand Registration or a previous registration in which Registrable Securities were included pursuant to Section
3 (understanding, however, that the Company will use commercially reasonable best efforts to file the Form S-1 related to the Pending
Registration on or before January 12, 2022). 

 

 (ii) The Company may postpone,
for up to ninety (90) days from the date of the request (the “Suspension Period”), the filing or the effectiveness
of a registration statement for a Demand Registration or suspend the use of a prospectus that is part of a Shelf Registration Statement
(and therefore suspend sales of the Shelf Registrable Securities) by providing written notice to the Holders if the Company determines
that the offer or sale of Registrable Securities would reasonably be expected to have a material adverse effect on any proposal or plan
by the Company or any Subsidiary to engage in any material acquisition of assets or stock (other than in the ordinary course of business)
or any material merger, consolidation, tender offer, recapitalization, reorganization, financing or other transaction involving the Company
and upon advice of counsel, the sale of Registrable Securities pursuant to the registration statement would require disclosure of material
non-public information not otherwise required to be disclosed under applicable law, and (x) the Company has a bona fide business purpose
for preserving the confidentiality of such transaction, (y) disclosure would have a material adverse effect on the Company or the Company’s
ability to consummate such transaction, or (z) such transaction renders the Company unable to comply with SEC requirements, in each case
under circumstances that would make it impractical or inadvisable to cause the registration statement (or such filings) to become effective
or to promptly amend or supplement the registration statement on a post-effective basis, as applicable. The Company may delay or suspend
the effectiveness of a Demand Registration or Shelf Registration Statement pursuant to this Section 1(f)(i) only once in any twelve
(12)-month period (for avoidance of doubt, in addition to the Company’s rights and obligations under Section 4(a)(vi)).

 

 (iii) In the case of an
event that causes the Company to suspend the use of a Shelf Registration Statement as set forth in paragraph (f)(ii) above or pursuant
to Section 4(a)(vi) (a “Suspension Event”), the Company will give a notice to the Holders whose Registrable
Securities are registered pursuant to such Shelf Registration Statement (a “Suspension Notice”) to suspend sales of
the Registrable Securities and such notice must state generally the basis for the notice and that such suspension will continue only for
so long as the Suspension Event or its effect is continuing. Each Holder agrees not to effect any sales of its Registrable Securities
pursuant to such Shelf Registration Statement (or such filings) at any time after it has received a Suspension Notice from the Company
and prior to receipt of an End of Suspension Notice. A Holder may recommence effecting sales of the Registrable Securities pursuant to
the Shelf Registration Statement (or such filings) following further written notice to such effect (an “End of Suspension Notice”)
from the Company, which End of Suspension Notice will be given by the Company to the Holders promptly following the conclusion of any
Suspension Event.

 

(g) Selection of Underwriters.
The Majority Participating Holders, with the consent of the Company, not to be unreasonably withheld or delayed, will have the right to
select the investment banker(s) and manager(s) to administer any underwritten offering in connection with a Demand Registration or Shelf
Offering.

 

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(h) Revocation of Demand
Notice or Shelf Offering Notice. At any time prior to the effective date of the registration statement relating to a Demand Registration
or the “pricing” of any offering relating to a Shelf Offering Notice, the Majority Participating Holders may revoke such notice
of a Demand Registration or Shelf Offering Notice on behalf of all Holders participating in such Demand Registration or Shelf Offering
without liability to such Holders, in each case by providing written notice to the Company.

 

(i) Confidentiality.
Each Holder agrees to treat as confidential the receipt of any notice hereunder (including notice of a Demand Registration, a Shelf Offering
Notice and a Suspension Notice) and the information contained therein, and not to disclose or use the information contained in any such
notice (or the existence thereof) without the prior written consent of the Company until such time as the information contained therein
is or becomes available to the public generally (other than as a result of disclosure by such Holder in breach of the terms of this Agreement).

 

Section 2 Piggyback Registrations.

 

(a) Right to Piggyback.
Whenever the Company proposes to register any of its equity securities under the Securities Act (including primary and secondary registrations,
and other than pursuant to an Excluded Registration) (each, a “Piggyback Registration”), the Company will give prompt
written notice to all Holders of its intention to effect such Piggyback Registration and, subject to the terms of Section 2(b) and
Section 2(c), will include in such Piggyback Registration (and in all related registrations or qualifications under blue sky laws
and in any related underwriting) all Registrable Securities with respect to which the Company has received written requests for inclusion
therein within ten (10) days after delivery of the Company’s notice.

 

(b) Priority on Primary
Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of the Company, and the managing underwriters
advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the
number which can be sold in such offering without adversely affecting the marketability, proposed offering price, timing or method of
distribution of the offering, the Company will include in such registration (i) first, the number of Registrable Securities requested
by the Holders to be included, which, in the opinion of such underwriters, can be sold, without any such adverse effect, pro rata among
the respective Holders on the basis of the number of Registrable Securities owned by each such Holder; (ii) second, the securities
that the Company proposes to sell; (iii) third, the number of Registrable Securities requested to be included by the PIPE Holders
which, in the opinion of such underwriters, can be sold, without any such adverse effect, pro rata among the respective PIPE Holders on
the basis of the number of Registrable Securities owned by each such PIPE Holder and (iv) fourth, other securities requested to
be included in such registration which, in the opinion of the underwriters, can be sold without any such adverse effect.

 

(c) Priority on Secondary
Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of holders of the Company’s equity
securities, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be
included in such registration exceeds the number which can be sold in such offering without adversely affecting the marketability, proposed
offering price, timing or method of distribution of the offering, the Company will include in such registration (i) first, the
number of Registrable Securities requested by the Holders to be included, which, in the opinion of such underwriters, can be sold, without
any such adverse effect, pro rata among the respective Holders on the basis of the number of Registrable Securities owned by each such
Holder; (ii) second, the securities that the Company proposes to sell; and (iii) third, the number of Registrable Securities
requested to be included by the PIPE Holders which, in the opinion of such underwriters, can be sold, without any such adverse effect,
pro rata among the respective PIPE Holders on the basis of the number of Registrable Securities owned by each such PIPE Holder; and (iv)
fourth, other securities requested to be included in such registration which, in the opinion of the underwriters, can be sold without
any such adverse effect.

 

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(d) Right to Terminate
Registration. The Company will have the right to terminate or withdraw any registration initiated by it under this Section 2,
whether or not any holder of Registrable Securities has elected to include securities in such registration.

 

Section 3 Stockholder Lock-Up Agreements and
Company Holdback Agreement.

 

(a) Stockholder Lock-up
Agreements. In connection with any underwritten Public Offering, each Holder will enter into any lock-up, holdback or similar agreements
(which shall be identical in form and substance for all Holders) requested by the underwriter(s) managing such offering, in each case
with such modifications and exceptions as may be approved by the Majority Participating Holders. Without limiting the generality of the
foregoing, each Holder hereby agrees that in connection with any Demand Registration, Shelf Offering or Piggyback Registration that is
an underwritten Public Offering, not to (i) offer, sell, contract to sell, pledge or otherwise dispose of (including sales pursuant to
Rule 144), directly or indirectly, any equity securities of the Company (including equity securities of the Company that may be deemed
to be owned beneficially by such Holder in accordance with the rules and regulations of the SEC) (collectively, “Securities”),
or any securities, options or rights convertible into or exchangeable or exercisable for Securities (collectively, “Other Securities”),
(ii) enter into a transaction which would have the same effect as described in clause (i) above, (iii) enter into any swap, hedge or other
arrangement that transfers, in whole or in part, any of the economic consequences or ownership of any Securities or Other Securities,
whether such transaction is to be settled by delivery of such Securities or Other Securities, in cash or otherwise (each of (i), (ii)
and (iii) above, a “Sale Transaction”), or (iv) publicly disclose the intention to enter into any Sale Transaction,
commencing on the date on which the Company gives notice to the Holders that a preliminary prospectus has been circulated for such underwritten
Public Offering or the “pricing” of such offering and continuing to the date that is ninety (90) days following the date of
the final prospectus in the case of any underwritten Public Offering (each such period, or such shorter period as agreed to by the managing
underwriters, a “Holdback Period”), in each case with such modifications and exceptions as may be approved by the Majority
Participating Holders. The Company may impose stop-transfer instructions with respect to any Securities or Other Securities subject to
the restrictions set forth in this Section 3(a) until the end of such Holdback Period. For the avoidance of doubt, no lock-up will
be required of True Harvest in connection with the Pending Registration.

 

(b) Company Holdback Agreement.
The Company (i) will not file any registration statement for a Public Offering or cause any such registration statement to become effective,
or effect any public sale or distribution of its Securities or Other Securities during any Holdback Period (other than as part of such
underwritten Public Offering, or a registration on Form S-4 or Form S-8 or any successor or similar form which is (x) then in effect or
(y) shall become effective upon the conversion, exchange or exercise of any then outstanding Other Securities) and (ii) will use commercially
reasonable efforts to cause each holder of Securities and Other Securities (including each of its directors and executive officers) to
agree not to effect any Sale Transaction during any Holdback Period, except as part of such underwritten registration (if otherwise permitted),
unless approved in writing by the Majority Participating Holders and the underwriters managing the Public Offering and to enter into any
lock-up, holdback or similar agreements requested by the underwriter(s) managing such offering, in each case with such modifications and
exceptions as may be approved by the Majority Participating Holders.

 

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Section 4 Registration Procedures.

 

(a) Company Obligations.
Whenever the holders of Registrable Securities have requested that any Registrable Securities be registered pursuant to this Agreement
or have initiated a Shelf Offering, the Company will use its reasonable best efforts to effect the registration and the sale of such Registrable
Securities in accordance with the intended method of disposition thereof, and pursuant thereto the Company will as expeditiously as possible:

 

 (i) prepare and file with
(or submit confidentially to) the SEC a registration statement, and all amendments and supplements thereto and related prospectuses, with
respect to such Registrable Securities and use its reasonable best efforts to cause such registration statement to become effective, all
in accordance with the Securities Act and all applicable rules and regulations promulgated thereunder (provided that before filing or
confidentially submitting a registration statement or prospectus or any amendments or supplements thereto, the Company will furnish to
the counsel selected by the Majority Participating Holders copies of all such documents proposed to be filed or submitted, which documents
will be subject to the review and comment of such counsel);

 

 (ii) notify each Holder
of (A) the issuance by the SEC of any stop order suspending the effectiveness of any registration statement or the initiation of any proceedings
for that purpose, (B) the receipt by the Company or its counsel of any notification with respect to the suspension of the qualification
of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, and (C)
the effectiveness of each registration statement filed hereunder; 

 

 (iii) 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 a period ending when all of the securities covered by such registration statement
have been disposed of in accordance with the intended methods of distribution by the sellers thereof set forth in such registration statement
(but not in any event before the expiration of any longer period required under the Securities Act or, if such registration statement
relates to an underwritten Public Offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required
by law to be delivered in connection with sale of Registrable Securities by an underwriter or dealer) and comply with the provisions of
the Securities Act with respect to the disposition of all securities covered by such registration statement during such period in accordance
with the intended methods of disposition by the sellers thereof set forth in such registration statement;

 

 (iv) furnish, without
charge, to each seller of Registrable Securities thereunder and each underwriter, if any, such number of copies of such registration statement,
each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus)
(in each case including all exhibits and documents incorporated by reference therein), each amendment and supplement thereto, each Free
Writing Prospectus and such other documents as such seller or underwriter, if any, may reasonably request in order to facilitate the disposition
of the Registrable Securities owned by such seller (the Company hereby consenting to the use in accordance with all applicable laws of
each such registration statement, each such amendment and supplement thereto, and each such prospectus (or preliminary prospectus or supplement
thereto) or 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);

 

 (v) use its reasonable
best efforts to register or qualify such Registrable Securities under such other securities or blue sky laws of such jurisdictions as
any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable such
seller to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller (provided that the
Company will not be required to (A) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify
but for this subparagraph or (B) consent to general service of process in any such jurisdiction or (C) subject itself to taxation in any
such jurisdiction);

 

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 (vi) notify each seller
of such Registrable Securities (A) promptly after it receives notice thereof, of the date and time when such registration statement and
each post-effective amendment thereto has become effective or a prospectus or supplement to any prospectus relating to a registration
statement has been filed and when any registration or qualification has become effective under a state securities or blue sky law or any
exemption thereunder has been obtained, (B) promptly after receipt thereof, of any request by the SEC for the amendment or supplementing
of such registration statement or prospectus or for additional information, (C) at any time when a prospectus relating thereto is required
to be delivered under the Securities Act, of the happening of any event or of any information or circumstances as a result of which the
prospectus included in such registration statement contains an untrue statement of a material fact or omits any fact necessary to make
the statements therein not misleading, and, subject to Section 1(f), if required by applicable law or to the extent requested by
the Majority Participating Holders, the Company will use its reasonable best efforts to promptly prepare and file a supplement or amendment
to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain
an untrue statement of a material fact or omit to state any fact necessary to make the statements therein not misleading and (D) 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;

 

 (vii) (A) use reasonable
best efforts to cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the
Company are then listed and, if not so listed, to be listed on a securities exchange and, without limiting the generality of the foregoing,
to arrange for at least two market markers to register as such with respect to such Registrable Securities with FINRA, and (B) comply
(and continue to comply) with the requirements of any self-regulatory organization applicable to the Company, including without limitation
all corporate governance requirements;

 

 (viii) use reasonable
best efforts to provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration
statement;

 

 (ix) enter into and perform
such customary agreements (including, as applicable, underwriting agreements in customary form) and take all such other actions as the
holders of a majority of the Registrable Securities being sold or the underwriters, if any, reasonably request in order to expedite or
facilitate the disposition of such Registrable Securities (including, without limitation, participating in “road shows,” investor
presentations, marketing events and other selling efforts and effecting a stock or unit split or combination, recapitalization or reorganization);

 

 (x) make available for
inspection by any seller of Registrable Securities, any underwriter participating in any disposition or sale pursuant to such registration
statement and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and other records, pertinent
corporate and business documents and properties of the Company as will be necessary to enable them to exercise their due diligence responsibility,
and cause the Company’s officers, directors, employees, agents, representatives and independent accountants to supply all information
reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement and
the disposition of such Registrable Securities pursuant thereto;

 

 (xi) take all reasonable
actions to ensure that any Free-Writing Prospectus utilized in connection with any Demand Registration or Piggyback Registration or Shelf
Offering hereunder 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, prospectus supplement and related documents, 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;

 

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(xii) otherwise use its reasonable
best efforts to comply with all applicable rules and regulations of the SEC, and make available to its security holders, as soon as reasonably
practicable, an earnings statement covering the period of at least twelve (12) months beginning with the first day of the Company’s
first full calendar quarter after the effective date of the registration statement, which earnings statement will satisfy the provisions
of Section 11(a) of the Securities Act and Rule 158 thereunder;

 

 (xiii) to the extent that
any Holder, in its sole and exclusive judgment, might be deemed to be an underwriter of any Registrable Securities or a controlling person
of the Company, permit such Holder to participate in the preparation of such registration or comparable statement and to allow such Holder
to provide language for insertion therein, in form and substance satisfactory to the Company, which in the reasonable judgment of such
Holder and its counsel should be included;

 

 (xiv) in the event of
the issuance of any stop order suspending the effectiveness of a registration statement, or the issuance of any order suspending or preventing
the use of any related prospectus or suspending the qualification of any Common Stock included in such registration statement for sale
in any jurisdiction, use reasonable best efforts to promptly obtain the withdrawal of such order;

 

 (xv) use its reasonable
best efforts to cause such Registrable Securities covered by such registration statement to be registered with or approved by such other
governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate the disposition of such Registrable
Securities;

 

 (xvi) cooperate with the
Holders covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and
delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the registration statement, or
the removal of any restrictive legends associated with any account at which such securities are held, and enable such securities to be
in such denominations and registered in such names as the managing underwriter, or agent, if any, or such Holders may request;

 

 (xvii) if requested by
any managing underwriter, include in any prospectus or prospectus supplement updated financial or business information for the Company’s
most recent period or current quarterly period (including estimated results or ranges of results) if required for purposes of marketing
the offering in the view of the managing underwriter;

 

 (xviii) take no 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;

 

 (xix) cooperate with each
Holder covered by the registration statement and each underwriter or agent participating in the disposition of such Registrable Securities
and their respective counsel in connection with the preparation and filing of any applications, notices, registrations and responses to
requests for additional information with FINRA, NYSE American or any other national securities exchange on which the shares of Common
Stock are or are to be listed, and (B) to the extent required by the rules and regulations of FINRA, retain a Qualified Independent Underwriter
acceptable to the managing underwriter;

 

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 (xx) in the case of any
underwritten offering, use its reasonable best efforts to obtain, and deliver to the underwriter(s), in the manner and to the extent provided
for in the applicable underwriting agreement, one or more cold comfort letters from the Company’s independent public accountants
in customary form and covering such matters of the type customarily covered by cold comfort letters;

 

 (xxi) use its reasonable
best efforts to provide a legal opinion of the Company’s outside counsel, dated the effective date of such registration statement
addressed to the Company, (i) on the date that such Registrable Securities are delivered to the underwriters for sale in connection with
a Demand Registration or Shelf Offering, if such securities are being sold through underwriters, or, if such securities are not being
sold through underwriters, on the closing date of the applicable sale, (A) one or more legal opinions of the Company’s outside counsel,
dated such date, in form and substance as customarily given to underwriters in an underwritten public offering or, in the case of a non-underwritten
offering, to the broker, placement agent or other agent of the Holders assisting in the sale of the Registrable Securities and (B) one
or more “negative assurances letters” of the Company’s outside counsel, dated such date, in form and substance as is
customarily given to underwriters in an underwritten public offering or, in the case of a non-underwritten offering, to the broker, placement
agent or other agent of the Holders assisting in the sale of the Registrable Securities, in each case, addressed to the underwriters,
if any, or, if requested, in the case of a non-underwritten offering, to the broker, placement agent or other agent of the Holders assisting
in the sale of the Registrable Securities and (ii) customary certificates executed by authorized officers of the Company as may be requested
by any Holder or any underwriter of such Registrable Securities;

 

 (xxii) if the Company
files an Automatic Shelf Registration Statement covering any Registrable Securities, use its reasonable best 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;

 

 (xxiii) if the Company
does not pay the filing fee covering the Registrable Securities at the time an Automatic Shelf Registration Statement is filed, pay such
fee at such time or times as the Registrable Securities are to be sold; and

 

 (xxiv) if the Automatic
Shelf Registration Statement has been outstanding for at least three (3) years, at the end of the third year, refile a new Automatic Shelf
Registration Statement covering the Registrable Securities, and, if at any time when the Company is required to re-evaluate its WKSI status
the Company determines that it is not a WKSI, use its reasonable best efforts to refile the Shelf Registration Statement on Form S-3 and,
if such form is not available, Form S-1 and keep such registration statement effective during the period during which such registration
statement is required to be kept effective.

 

(b) Automatic Shelf Registration
Statements. If the Company files any Automatic Shelf Registration Statement for the benefit of the holders of any of its securities
other than the Holders, the Company agrees that, at the request of the Majority Holders, it will include in such Automatic Shelf Registration
Statement such disclosures as may be required by Rule 430B 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. If the Company has filed
any Automatic Shelf Registration Statement for the benefit of the holders of any of its securities other than the Holders, the Company
shall, at the request of the Majority Holders, file any post-effective amendments necessary to include therein all disclosure and language
necessary to ensure that the holders of Registrable Securities may be added to such Shelf Registration Statement.

 

(c) Additional Information.
The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such
information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing,
as a condition to such seller’s participation in such registration.

 

    9

     

    

 

(d) In-Kind Distributions.
If a Holder seeks to effectuate an in-kind distribution of all or part of their Registrable Securities to their respective direct or indirect
equityholders, the Company will, subject to any applicable lock-ups, work with the foregoing Persons to facilitate such in-kind distribution
in the manner reasonably requested and consistent with the Company’s obligations under the Securities Act.

 

(e) Suspended Distributions.
Each Person participating in a registration hereunder agrees that, upon receipt of any notice from the Company of the happening of any
event of the kind described in Section 4(a)(vi), such Person will immediately discontinue the disposition of its Registrable Securities
pursuant to the registration statement until such Person’s receipt of the copies of a supplemented or amended prospectus as contemplated
by Section 4(a)(vi), subject to the Company’s compliance with its obligations under Section 4(a)(vi).

 

Section 5 Registration Expenses.

 

Except as expressly provided
herein (including, without limitation, Section 1(a)), all out-of-pocket expenses incurred by the Company in connection with the
performance of or compliance with this Agreement and/or in connection with any Demand Registration, Piggyback Registration or Shelf Offering,
whether or not the same shall become effective, shall be paid by the Company, including, without limitation, (i) all registration and
filing fees, and any other fees and expenses associated with filings required to be made with the SEC or FINRA, (ii) all fees and expenses
in connection with compliance with any securities or “blue sky” laws, (iii) all printing, duplicating, word processing, messenger,
telephone, facsimile and delivery expenses (including expenses of printing certificates for the Registrable Securities in a form eligible
for deposit with The Depository Trust Company or other depositary and of printing prospectuses and Company Free Writing Prospectuses),
(iv) all fees and disbursements of counsel for the Company and of all independent certified public accountants of the Company (including
the expenses of any special audit and cold comfort letters required by or incident to such performance), (v) Securities Act liability
insurance or similar insurance if the Company so desires or the underwriters so require in accordance with then-customary underwriting
practice, (vi) all fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange
on which similar securities of the Company are then listed (or on which exchange the Registrable Securities are proposed to be listed
in the case of the Company’s initial Public Offering), (vii) all applicable rating agency fees with respect to the Registrable Securities,
(viii) all reasonable fees and disbursements of one legal counsel for selling Holders selected by the Majority Participating Holders,
(ix) any fees and disbursements of underwriters customarily paid by issuers or sellers of securities, (x) all fees and expenses of any
special experts or other Persons retained by the Company in connection with any Registration (xi) all of the Company’s internal
expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties) and (xii) all expenses
of the Company related to the “road-show” for any underwritten offering, including all travel, meals and lodging. All such
expenses are referred to herein as “Registration Expenses.” The Company shall not be required to pay, and each Person
that sells securities pursuant to a Demand Registration, Shelf Offering or Piggyback Registration hereunder will bear and pay, all underwriting
discounts and commissions applicable to the Registrable Securities sold for such Person’s account and all transfer taxes (if any)
attributable to the sale of Registrable Securities.

 

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Section 6 Indemnification and Contribution.

 

(a) By the Company.
The Company will indemnify and hold harmless, to the fullest extent permitted by law and without limitation as to time, each Holder, such
Holder’s officers, directors employees, agents, fiduciaries, stockholders, partners, members, affiliates, consultants and representatives,
and any successors and assigns thereof, and each Person who controls such holder (within the meaning of the Securities Act) (the “Indemnified
Parties”) against all losses, claims, actions, damages, liabilities and expenses (including with respect to actions or proceedings,
whether commenced or threatened, and including reasonable attorney fees and expenses) (collectively, “Losses”) caused
by, resulting from, arising out of, based upon or related to any of the following (each, a “Violation”) by the Company:
(i) any untrue or alleged untrue statement of material fact contained in (A) any registration statement, prospectus, preliminary prospectus
or Free-Writing Prospectus, or any amendment thereof or supplement thereto or (B) any application or other document or communication (in
this Section 6, collectively called an “application”) executed by or on behalf of the Company or based upon
written information furnished by or on behalf of the Company filed in any jurisdiction in order to qualify any securities covered by such
registration under the “blue sky” or securities laws thereof, (ii) any omission or alleged omission of a material fact required
to be stated therein or necessary to make the statements therein not misleading or (iii) any violation or alleged violation by the Company
of the Securities Act or any other similar federal or state securities laws or any rule or regulation promulgated thereunder applicable
to the Company and relating to action or inaction required of the Company in connection with any such registration, qualification or compliance.
In addition, the Company will reimburse such Indemnified Party for any legal or any other expenses reasonably incurred by them in connection
with investigating or defending any such Losses. Notwithstanding the foregoing, the Company will not be liable in any such case to the
extent that any such Losses result from, arise out of, are based upon, or relate to an untrue statement, or omission, made in such registration
statement, any such prospectus, preliminary prospectus or Free-Writing Prospectus or any amendment or supplement thereto, or in any application,
in reliance upon, and in conformity with, written information prepared and furnished in writing to the Company by such Indemnified Party
expressly for use therein or by such Indemnified Party’s failure to deliver a copy of the registration statement or prospectus or
any amendments or supplements thereto after the Company has furnished such Indemnified Party with a sufficient number of copies of the
same. In connection with an underwritten offering, the Company will indemnify such underwriters, their officers and directors, and each
Person who controls such underwriters (within the meaning of the Securities Act) to the same extent as provided above with respect to
the indemnification of the Indemnified Parties or as otherwise agreed to in the underwriting agreement executed in connection with such
underwritten offering. 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 seller.

 

(b) By Holders. In
connection with any registration statement in which a Holder is participating, each such Holder will furnish to the Company in writing
such information and affidavits as the Company reasonably requests for use in connection with any such registration statement or prospectus
and, to the extent permitted by law, will indemnify the Company, its officers, directors, employees, agents and representatives, and each
Person who controls the Company (within the meaning of the Securities Act) against any Losses resulting from (as determined by a final
and appealable judgment, order or decree of a court of competent jurisdiction) any untrue statement of material fact contained in the
registration statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto or any omission of a material
fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue
statement or omission is contained in any information or affidavit so furnished in writing by such Holder expressly for use therein; provided
that the obligation to indemnify will be individual, not joint and several, for each holder and will be limited to the net amount of proceeds
received by such Holder from the sale of Registrable Securities pursuant to such registration statement.

 

(c) Claim Procedure.
Any Person entitled to indemnification hereunder will (i) give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided that the failure to give prompt notice will impair any Person’s right to indemnification
hereunder only to the extent such failure has prejudiced the indemnifying party) and (ii) unless in such indemnified party’s reasonable
judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying
party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the
indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such
consent will not be unreasonably withheld, conditioned or delayed). An indemnifying party who is not entitled to, or elects not to, assume
the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such
indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist
between such indemnified party and any other of such indemnified parties with respect to such claim. In such instance, the conflicted
indemnified parties will have a right to retain one separate counsel, chosen by the Majority Holders, at the expense of the indemnifying
party.

 

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(d) Contribution. If
the indemnification provided for in this Section 6 is held by a court of competent jurisdiction to be unavailable to, or is insufficient
to hold harmless, an indemnified party or is otherwise unenforceable with respect to any Loss referred to herein, then such indemnifying
party will contribute to the amounts paid or payable by such indemnified party as a result of such Loss, (i) in such proportion as is
appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other hand in
connection with the statements or omissions which resulted in such Loss as well as any other relevant equitable considerations or (ii)
if the allocation provided by clause (i) of this Section 6(d) is not permitted by applicable law, then in such proportion as is
appropriate to reflect not only such relative fault but also the relative benefit of the Company on the one hand and of the sellers of
Registrable Securities and any other sellers participating in the registration statement on the other in connection with the statement
or omissions which resulted in such Losses, as well as any other relevant equitable considerations; provided that the maximum amount
of liability in respect of such contribution will be limited, in the case of each seller of Registrable Securities, to an amount equal
to the net proceeds actually received by such seller from the sale of Registrable Securities effected pursuant to such registration. The
relative fault of the indemnifying party and of the indemnified party will be determined by reference to, among other things, whether
the untrue (or, as applicable alleged) untrue statement of a material fact or the omission to state a material fact relates to information
supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just or equitable if the
contribution pursuant to this Section 6(d) were to be determined by pro rata allocation or by any other method of allocation that
does not take into account such equitable considerations. The amount paid or payable by an indemnified party as a result of the Losses
referred to herein will be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with
investigating or defending against any action or claim which is the subject hereof. No person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who is not guilty of such fraudulent
misrepresentation.

 

(e) Release. No indemnifying
party will, except with the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement that does
not include as an unconditional term thereof giving by the claimant or plaintiff to such indemnified party of a release from all liability
in respect to such claim or litigation.

 

(f) Non-exclusive Remedy;
Survival. The indemnification and contribution provided for under this Agreement will be in addition to any other rights to indemnification
or contribution that any indemnified party may have pursuant to law or contract (and the Company and its Subsidiaries shall be considered
the indemnitors of first resort in all such circumstances to which this Section 6 applies) and will remain in full force and effect
regardless of any investigation made by or on behalf of the indemnified party or any officer, director or controlling Person of such indemnified
party and will survive the transfer of Registrable Securities and the termination or expiration of this Agreement.

 

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Section 7 Cooperation with Underwritten Offerings.
No Person may participate in any underwritten registration hereunder unless such Person (i) agrees to sell such Person’s securities
on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements
(including, without limitation, pursuant to the terms of any over-allotment or “green shoe” option requested by the underwriters;
provided that no Holder will be required to sell more than the number of Registrable Securities such Holder has requested to include
in such registration) and (ii) completes, executes and delivers all questionnaires, powers of attorney, stock powers, custody agreements,
indemnities, underwriting agreements and other documents and agreements required under the terms of such underwriting arrangements or
as may be reasonably requested by the Company and the lead managing underwriter(s). To the extent that any such agreement is entered into
pursuant to, and consistent with, Section 3, Section 4 and/or this Section 7, the respective rights and obligations
created under such agreement will supersede the respective rights and obligations of the Holders, the Company and the underwriters created
thereby with respect to such registration.

 

Section 8 Subsidiary Public Offering. If,
after an initial Public Offering of the common equity securities of one of its Subsidiaries, the Company distributes securities of such
Subsidiary to its equityholders, then the rights and obligations of the Company pursuant to this Agreement will apply, mutatis mutandis,
to such Subsidiary, and the Company will cause such Subsidiary to comply with such Subsidiary’s obligations under this Agreement
as if it were the Company hereunder.

 

Section 9 Joinder; Additional Parties; Transfer
of Registrable Securities.

 

(a) Joinder. The Company
may from time to time (with the prior written consent of the Majority Holders) permit any Person who acquires Common Stock (or rights
to acquire Common Stock) to become a party to this Agreement and to be entitled to and be bound by all of the rights and obligations as
a Holder by obtaining an executed joinder to this Agreement from such Person in the form of Exhibit B attached hereto (a “Joinder”).
Upon the execution and delivery of a Joinder by such Person, the Common Stock held by such Person shall become Registrable Securities,
and such Person shall be deemed a Holder.

 

(b) Restrictions on Transfers.
Prior to transferring any Registrable Securities to any Person (including, without limitation, by operation of law), the transferring
Holder must first cause the prospective transferee to execute and deliver to the Company a Joinder, except that such consent and Joinder
shall not be required in the case of (i) a transfer to the Company, (ii) a Public Offering, (iii) a sale pursuant to Rule 144 and/or (iv)
a transfer in connection with a Sale of the Company. Any transfer or attempted transfer of Registrable Securities in violation of any
provision of this Agreement will be void, and the Company will not record such transfer on its books or treat any purported transferee
of such Registrable Securities as the owner thereof for any purpose (but the Company will be entitled to enforce against such Person the
obligations hereunder).

 

Section 10 General Provisions.

 

(a) Amendments and Waivers.
Except as otherwise provided herein, the provisions of this Agreement may be amended, modified or waived only with the prior written consent
of the Company and the Majority Holders (which consent of the Majority Holders must include the consent of True Harvest for so long as
True Harvest holds Registrable Securities); provided that no such amendment, modification or waiver that would treat a specific
Holder in a manner materially and adversely different than any other Holder will be effective against such Holder without the consent
of such Holder; provided further that the foregoing provision shall not apply to any amendments or modifications otherwise expressly permitted
by this Agreement, including any required to add a party hereto. The failure or delay of any Person to enforce any of the provisions of
this Agreement will in no way be construed as a waiver of such provisions and will not affect the right of such Person thereafter to enforce
each and every provision of this Agreement in accordance with its terms. A waiver or consent to or of any breach or default by any Person
in the performance by that Person of his, her or its obligations under this Agreement will not be deemed to be a consent or waiver to
or of any other breach or default in the performance by that Person of the same or any other obligations of that Person under this Agreement.

 

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(b) Remedies. The parties
to this Agreement will be entitled to enforce their rights under this Agreement specifically (without posting a bond or other security),
to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights existing in their
favor. The parties hereto agree and acknowledge that a breach of this Agreement would cause irreparable harm and money damages would not
be an adequate remedy for any such breach and that, in addition to any other rights and remedies existing hereunder, any party will be
entitled to specific performance and/or other injunctive relief from any court of law or equity of competent jurisdiction (without posting
any bond or other security) in order to enforce or prevent violation of the provisions of this Agreement.

 

(c) Severability. Whenever
possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if
any provision of this Agreement is held to be prohibited, invalid, illegal or unenforceable in any respect under any applicable law or
regulation in any jurisdiction, such prohibition, invalidity, illegality or unenforceability will not affect the validity, legality or
enforceability of any other provision of this Agreement in such jurisdiction or in any other jurisdiction, but this Agreement will be
reformed, construed and enforced in such jurisdiction as if such prohibited, invalid, illegal or unenforceable provision had never been
contained herein.

 

(d) Entire Agreement.
Except as otherwise provided herein, this Agreement contains the complete agreement and understanding among the parties hereto with respect
to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or among the parties
hereto, written or oral, which may have related to the subject matter hereof in any way.

 

(e) Successors and Assigns.
Except as otherwise provided herein, this Agreement will bind and inure to the benefit and be enforceable by the Company and its successors
and permitted assigns and the Holders and their respective successors and permitted assigns (whether so expressed or not).

 

(f) Notices. Any notice,
demand or other communication to be given under or by reason of the provisions of this Agreement will be in writing and will be deemed
to have been given (i) when delivered personally to the recipient, (ii) when sent by confirmed electronic mail or facsimile if sent during
normal business hours of the recipient; but if not, then on the next Business Day, (iii) one (1) Business Day after it is sent to the
recipient by reputable overnight courier service (charges prepaid) or (iv) three (3) Business Days after it is mailed to the recipient
by first class mail, return receipt requested. Such notices, demands and other communications will be sent to the Company at the address
specified on the signature page hereto or any Joinder and to any holder, or at such address or to the attention of such other Person as
the recipient party has specified by prior written notice to the sending party. Any party may change such party’s address for receipt
of notice by giving prior written notice of the change to the sending party as provided herein. The Company’s address is:

 

The Greenrose Holding Company Inc.

111 Broadway

Amityville, NY 11701

Attention: Chief Executive Officer

 

(g) Business Days.
If any time period for giving notice or taking action hereunder expires on a day that is not a Business Day, the time period will automatically
be extended to the Business Day immediately following such Saturday, Sunday or legal holiday.

 

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(h) Governing Law.
All issues and questions concerning the construction, validity, interpretation and enforcement of this Agreement and the exhibits and
schedules hereto will be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any
choice of law or conflict of law rules or provisions that would cause the application of the laws of any jurisdiction other than the State
of New York.

 

(i) MUTUAL WAIVER OF JURY
TRIAL. AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY
TO CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING
IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY.

 

(j) CONSENT TO JURISDICTION
AND SERVICE OF PROCESS. EACH OF THE PARTIES IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK, FOR THE PURPOSES OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED
AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. EACH OF THE PARTIES HERETO FURTHER AGREES THAT SERVICE OF ANY PROCESS, SUMMONS,
NOTICE OR DOCUMENT BY U.S. REGISTERED MAIL TO SUCH PARTY’S RESPECTIVE ADDRESS SET FORTH ABOVE WILL BE EFFECTIVE SERVICE OF PROCESS
FOR ANY ACTION, SUIT OR PROCEEDING WITH RESPECT TO ANY MATTERS TO WHICH IT HAS SUBMITTED TO JURISDICTION IN THIS PARAGRAPH. EACH OF THE
PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION TO THE LAYING OF VENUE OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT
OF THIS AGREEMENT, ANY RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY IN THE UNITED STATES DISTRICT COURT FOR THE
SOUTHERN DISTRICT OF NEW YORK, AND HEREBY AND THEREBY FURTHER IRREVOCABLY AND UNCONDITIONALLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM
IN ANY SUCH COURT THAT ANY SUCH ACTION, SUIT OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

(k) No Recourse. Notwithstanding
anything to the contrary in this Agreement, the Company and each Holder agrees and acknowledges that no recourse under this Agreement
or any documents or instruments delivered in connection with this Agreement, will be had against any current or future director, officer,
employee, general or limited partner or member of any Holder or any Affiliate or assignee thereof, whether by the enforcement of any assessment
or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, it being expressly agreed and
acknowledged that no personal liability whatsoever will attach to, be imposed on or otherwise be incurred by any current or future officer,
agent or employee of any Holder or any current or future member of any Holder or any current or future director, officer, employee, partner
or member of any Holder or of any Affiliate or assignee thereof, as such for any obligation of any Holder under this Agreement or any
documents or instruments delivered in connection with this Agreement for any claim based on, in respect of or by reason of such obligations
or their creation.

 

(l) Descriptive Headings;
Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this
Agreement. The use of the word “including” in this Agreement will be by way of example rather than by limitation.

 

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(m) No Strict Construction.
The language used in this Agreement will be deemed to be the language chosen by the parties hereto to express their mutual intent, and
no rule of strict construction will be applied against any party.

 

(n) Counterparts. This
Agreement may be executed in multiple counterparts, any one of which need not contain the signature of more than one party, but all such
counterparts taken together will constitute one and the same agreement.

 

(o) Electronic Delivery.
This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection herewith or therewith
or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent executed and delivered by means of a photographic,
photostatic, facsimile or similar reproduction of such signed writing using a facsimile machine or electronic mail will be treated in
all manner and respects as an original agreement or instrument and will be considered to have the same binding legal effect as if it were
the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each
other party hereto or thereto will re-execute original forms thereof and deliver them to all other parties. No party hereto or to any
such agreement or instrument will raise the use of a facsimile machine or electronic mail to deliver a signature or the fact that any
signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or electronic mail as a defense
to the formation or enforceability of a contract and each such party forever waives any such defense.

 

(p) Further Assurances.
In connection with this Agreement and the transactions contemplated hereby, each Holder agrees to execute and deliver any additional documents
and instruments and perform any additional acts that may be necessary or appropriate to effectuate and perform the provisions of this
Agreement and the transactions contemplated hereby.

 

(q) Dividends, Recapitalizations,
Etc.. If at any time or from time to time there is any change in the capital structure of the Company by way of a stock split, stock
dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other means,
appropriate adjustment will be made in the provisions hereof so that the rights and privileges granted hereby will continue.

 

(r) No Third-Party Beneficiaries.
No term or provision of this Agreement is intended to be, or shall be, for the benefit of any Person not a party hereto, and no such other
Person shall have any right or cause of action hereunder, except as otherwise expressly provided herein.

 

(s) Current Public Information.
At all times after the Company has filed a registration statement with the SEC pursuant to the requirements of either the Securities Act
or the Exchange Act, the Company will file all reports required to be filed by it under the Securities Act and the Exchange Act and will
take such further action as the Majority Holders (which Majority Holders must include the request of True Harvest) may reasonably request,
all to the extent required to enable such Holders to sell Registrable Securities (or securities that would be Registrable Securities but
for the final sentence of the definition of Registrable Securities) pursuant to Rule 144.

 

[SIGNATURE PAGE FOLLOWS]

 

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

 

	 	COMPANY
	 	 
	 	THE GREENROSE HOLDING COMPANY INC.
	 	 	
	 	By:	/s/William F. Harley III
	 	Name:	William F. Harley III
	 	Title:	Chief Executive Officer 
	 	 	 
	 	HOLDER
	 	 	 
	 	True Harvest, LLC
	 	 	 
	 	 	 
	 	By:	/s/ Michael Macchiaroli
	 	Name:	Michael Macchiaroli 
	 	Title:	Manager
	 	 	 
	 	Address:
	 	 	 
	 	 
	 	 

 

[Signature Page to Registration Rights Agreement]

 

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EXHIBIT A

 

DEFINITIONS

 

Capitalized terms used in
this Agreement have the meanings set forth below.

 

“Affiliate”
of any Person means any other Person controlled by, controlling or under common control with such Person and, in the case of an individual,
also includes any member of such individual’s Family Group; provided that the Company and its Subsidiaries will not be deemed
to be Affiliates of any holder of Registrable Securities. As used in this definition, “control” (including, with its correlative
meanings, “controlling,” “controlled by” and “under common control with”) will mean possession, directly
or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities, by contract
or otherwise).

 

“Acquisition”
means the acquisition of the assets and assumption of certain liabilities of True Harvest pursuant to the Agreement.

 

“Agreement”
has the meaning set forth in the recitals.

 

“Automatic Shelf
Registration Statement” has the meaning set forth in Section 1(a).

 

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

 

“Company”
has the meaning set forth in the preamble and shall include its successor(s).

 

“Demand Registrations”
has the meaning set forth in Section 1(a).

 

“End of Suspension
Notice” has the meaning set forth in Section 1(f)(iii).

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended from time to time, or any successor federal law then in force, together with all
rules and regulations promulgated thereunder.

 

“Excluded Registration”
means any registration (i) pursuant to a Demand Registration (which is addressed in Section 1(a)), (ii) in connection with registrations
on Form S-4 or S-8 promulgated by the SEC or any successor or similar forms) or (iii) on any form that does not permit the registration
of Registrable Securities.

 

“FINRA”
means the Financial Industry Regulatory Authority.

 

“Free Writing Prospectus”
means a free-writing prospectus, as defined in Rule 405.

 

“Holdback Period”
has the meaning set forth in Section 3(a).

 

“Holder”
means a holder of Registrable Securities who is a party to this Agreement (including by way of Joinder).

 

“Indemnified Parties”
has the meaning set forth in Section 6(a).

 

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“Joinder”
has the meaning set forth in Section 9(a).

 

“Long-Form Registrations”
has the meaning set forth in Section 1(a).

 

“Losses”
has the meaning set forth in Section 6(c).

 

“Majority Holders”
means the holders of a majority of the aggregate Registrable Securities.

 

“Majority Participating
Holders” means the holders of a majority of the aggregate Registrable Securities to be included in a Public Offering.

 

“Other Holders”
has the meaning set forth in the recitals.

 

“Piggyback Registrations”
has the meaning set forth in Section 2(a).

 

“PIPE Investor”
means any Person who purchased any of the Company’s equity in the PIPE Offering.

 

“PIPE Offering”
means the private investment offering consummated by the Company in connection with the Merger.

 

“Public Offering”
means any sale or distribution by the Company, one of its Subsidiaries and/or Holders to the public of Common Stock or other securities
convertible into or exchangeable for Common Stock pursuant to an offering registered under the Securities Act.

 

“Registrable Securities”
means: (i) any Common Stock issued to a Holder pursuant to the Merger Agreement, and (ii) any equity securities of the Company issued
or issuable with respect to the securities referred to in clause (i) above by way of dividend, distribution, split or combination
of securities, or any recapitalization, merger, consolidation or other reorganization. As to any particular Registrable Securities, such
securities will cease to be Registrable Securities when they have been (a) sold or distributed pursuant to a Public Offering, (b) sold
in compliance with Rule 144, or (c) repurchased by the Company or a Subsidiary of the Company. For purposes of this Agreement, a Person
will be deemed to be a holder of Registrable Securities, and the Registrable Securities will be deemed to be in existence, whenever such
Person has the right to acquire, directly or indirectly, such Registrable Securities (upon conversion or exercise in connection with a
transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not
such acquisition has actually been effected, and such Person will be entitled to exercise the rights of a holder of Registrable Securities
hereunder (it being understood that a holder of Registrable Securities may only request that Registrable Securities in the form of Common
Stock be registered pursuant to this Agreement). Notwithstanding the foregoing, any Registrable Securities held by any Person that may
be sold under Rule 144(b)(1)(i) without limitation under any of the other requirements of Rule 144 will not be deemed to be Registrable
Securities.

 

“Registration Expenses”
has the meaning set forth in Section 5.

 

“Rule 144”,
“Rule 158”, “Rule 405”, “Rule 415”, “Rule 430B” and “Rule
462” mean, in each case, such rule promulgated under the Securities Act (or any successor provision) by the SEC, as the same
will be amended from time to time, or any successor rule then in force.

 

“Sale Transaction”
has the meaning set forth in Section 3(a).

 

    19

     

    

 

“SEC” means
the United States Securities and Exchange Commission.

 

“Securities”
has the meaning set forth in Section 3(a).

 

“Securities Act”
means the Securities Act of 1933, as amended from time to time, or any successor federal law then in force, together with all rules and
regulations promulgated thereunder.

 

“Shelf Offering”
has the meaning set forth in Section 1(d)(i).

 

“Shelf Offering Notice”
has the meaning set forth in Section 1(d)(i).

 

“Shelf Registrable
Securities” has the meaning set forth in Section 1(d)(i).

 

“Shelf Registration”
means the offer and sale of the Company’s securities pursuant to Rule 415 under the Securities Act.

 

“Shelf Registration
Statement” has the meaning set forth in Section 1(d).

 

“Short-Form Registrations”
has the meaning set forth in Section 1(a).

 

“Subsidiary”
means, with respect to the Company, any corporation, limited liability company, partnership, association or other business entity of which
(i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency)
to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by the
Company or one or more of the other Subsidiaries of the Company or a combination thereof, or (ii) if a limited liability company, partnership,
association or other business entity, a majority of the limited liability company, partnership or other similar ownership interest thereof
is at the time owned or controlled, directly or indirectly, by the Company or one or more Subsidiaries of the Company or a combination
thereof. For purposes hereof, a Person or Persons will be deemed to have a majority ownership interest in a limited liability company,
partnership, association or other business entity if such Person or Persons will be allocated a majority of limited liability company,
partnership, association or other business entity gains or losses or will be or control the managing director or general partner of such
limited liability company, partnership, association or other business entity.

 

“Suspension Event”
has the meaning set forth in Section 1(f)(iii).

 

“Suspension Notice”
has the meaning set forth in Section 1(f)(iii).

 

“Suspension Period”
has the meaning set forth in Section 1(f)(i).

 

“Violation”
has the meaning set forth in Section 6(a).

 

“WKSI”
means a “well-known seasoned issuer” as defined under Rule 405.

 

    20

     

    

 

EXHIBIT B

 

The undersigned is executing
and delivering this Joinder pursuant to the Registration Rights Agreement dated as of __________________, 2021 (as amended, modified and
waived from time to time, the “Registration Agreement”), among Greenrose Acquisition Corp., a Delaware corporation
(the “Company”), and the other persons named as parties therein (including pursuant to other Joinders). Capitalized
terms used herein have the meaning set forth in the Registration Agreement.

 

By executing and delivering
this Joinder to the Company, the undersigned hereby agrees to become a party to, to be bound by, and to comply with the provisions of,
the Registration Agreement as a Holder in the same manner as if the undersigned were an original signatory to the Registration Agreement,
and the undersigned will be deemed for all purposes to be a Holder, and the undersigned’s _________ shares of Common Stock will
be deemed for all purposes to be Registrable Securities under the Registration Agreement.

 

Accordingly, the undersigned
has executed and delivered this Joinder as of the ___ day of ____________, 20___.

 

	 	 
	 	Signature
	 	 
	 	 
	 	Print Name

 

	 	Address:	 
	 	 
	 	 

 

Agreed and Accepted as of

 

______________, 20___:

 

	THE GREENROSE HOLDING COMPANY INC.	 
	 	 	 
	 	                    	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

 

21Exhibit 10.1

 

Execution
Version

 

AMENDMENT
NO. 1 TO CREDIT AGREEMENT

 

AMENDMENT
NO. 1 TO CREDIT AGREEMENT (this “Amendment”), dated as of December 31, 2021 (“Amendment No. 1 Effective Date”),
by and among The Greenrose Holding Company Inc. (f/k/a Greenrose Acquisition Corp.) (the “Borrower”), the other Loan
Parties that are party hereto, the lenders that are party hereto (each, a “Lender” and collectively, the “Lenders”)
and DXR Finance, LLC (the “Agent”).

 

RECITALS

 

WHEREAS,
the Borrower, the Lenders, the Agent the other Loan Parties party thereto, are parties to that certain Credit Agreement dated as of November
26, 2021 (as amended, restated, amended and restated, supplemented and otherwise modified from time to time prior to the date hereof,
the “Existing Credit Agreement”; the Credit Agreement, as amended by this Amendment, is hereinafter referred to as
the “Credit Agreement”); and

 

WHEREAS,
the Borrower, the other Loan Parties party hereto, the Lenders and the Agent have agreed to amend certain terms and conditions of the
Existing Credit Agreement on the terms and conditions set forth herein.

 

NOW
THEREFORE, the parties hereto hereby agree as follows:

 

SECTION
1. Defined Terms. Unless otherwise specifically
defined herein, each term used herein that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement.
Each reference in the Credit Agreement to “this Agreement”, “hereof”, “hereunder”, “herein”
and “hereby” and each other similar reference, and each reference in any other Loan Document to “the Credit Agreement”,
“thereof”, “thereunder”, “therein” or “thereby” or any other similar reference to the
Credit Agreement shall, from the date hereof, refer to the Credit Agreement as amended hereby.

 

SECTION
2. Amendments to Credit Agreement. Subject
to the satisfaction (or waiver) of the conditions precedent specified in Section 3 below, the following amendments are made to
the Existing Credit Agreement:

 

(a) The following definitions are inserted in the appropriate alphabetical order in Section 1.1 of the Credit Agreement:

 

““Delayed
Draw Warrant” means that certain Warrant No. 2 issued by the Borrower to the Agent on the Delayed Draw Funding Date in substantially
the same form as the Closing Date Warrant, representing 550,000 fully paid and nonassessable nonvoting shares of common stock of the
Borrower.

 

“True
Harvest Amendment” has the meaning specified therefor in the definition of “True Harvest
Acquisition Agreement”.

 

     

     

    

 

“True
Harvest Convertible Note” means the “Convertible Promissory Note” described in the True Harvest Amendment.

 

“True
Harvest Cultivation Services Agreement” means that certain Cultivation Services Agreement to be entered into on or around January
3, 2022 by and among the Borrower, True Harvest Holdings, Inc. and Gary P. Rexroad, Jr.

 

“True
Harvest Earnout” means the “Earnout Payment” described in the True Harvest Amendment.”

 

 (b) The
definition of “Excluded Accounts” is deleted and replaced in entirety as follows:

 

“Excluded
Accounts” means (a) any segregated Deposit Account specifically and exclusively used to hold tax funds, trust funds and
other Collateral funds reasonably acceptable to Agent (b) controlled disbursement accounts (to the extent that such accounts are
zero balance accounts), (c) Petty Cash Accounts and (d) Deposit Accounts maintained by the Loan Parties at First Fidelity Bank;
provided that for the avoidance of doubt, the aggregate amount held in Deposit Accounts maintained by the Loan Parties at First
Fidelity Bank shall not exceed (i) $750,000 at any time prior to the one-year anniversary of the Amendment No. 1 Effective Date and
(ii) $1,000,000 at any time thereafter.”

 

(c)
The definition of “Permitted Acquisition” in Section 1.1 of the Credit Agreement is amended to delete and replace
the last proviso in its entirety as follows:

 

“provided
that after giving effect to such acquisition, the Borrower and its subsidiaries shall be in pro forma compliance with a Secured Net Leverage
Ratio not to exceed 3.00:1.00; provided further that, notwithstanding prong (i) of this definition of “Permitted Acquisitions”
the True Harvest Acquisition may be funded with the proceeds of the Delayed Draw Term Loans.”

 

(d) The definition of “Permitted Indebtedness” in Section 1.1 of the Credit Agreement is amended to delete and replace clauses
(q) and thereafter in entirety as follows:

 

“(q)
debt of a Person whose assets or equity interests are acquired in a Permitted Acquisition; provided that such debt (i) was in existence
prior to the date of such Permitted Acquisition, (ii) was not incurred in connection with, or in contemplation of, such Permitted Acquisition
and (iii) such Indebtedness is not guaranteed in any respect by Borrower or any of its Subsidiaries (other than the acquired entities);
provided that for the avoidance of doubt the “Deferred Cash Payment Amount” described in the Theraplant Amendment, as in
effect on the date hereof, is not assumed debt subject to this clause (q); provided further that for the avoidance of doubt, the assumed
debt set forth on Schedule 1.03 of the True Harvest Acquisition Agreement shall be permitted pursuant to this clause (q);

 

    2

     

    

 

(r) Indebtedness in respect of the True Harvest Convertible Note and the True Harvest Earnout; and

 

(s) Any Permitted Refinancing Debt with respect to the Indebtedness described in clauses (b) through (r) above, provided that the applicable
amount of Indebtedness permitted to be incurred under the relevant clause shall be reduced in a proportionate manner.”

 

(e) The definition of “Permitted Investments” in Section 1.1 of the Credit Agreement is amended to delete and replace clause
(i) in its entirety as follows:

 

“Investments
made to consummate the Acquisitions (including but not limited to payments in respect of the True Harvest Convertible Note and True Harvest
Earnout and payment of the “Deferred Cash Payment Amount” described in the Theraplant Amendment, as in effect on the date
hereof and paid in accordance with the terms thereof; provided that, with respect to any Deferred Cash Payment Amount payable after the
six month anniversary of the Closing Date, (i) no Event of Default under Section 8.1(a) has occurred and is continuing and (ii) the Agent
has not accelerated the Loans as a result of any other Event of Default);”

 

(f) The definition of “True Harvest Acquisition Agreement” in Section 1.1 of the Credit Agreement is deleted and replaced in
its entirety as follows:

 

““True
Harvest Acquisition Agreement” means that certain Asset Purchase Agreement dated as of March 12, 2021 among Borrower, True
Harvest Holdings, Inc. and True Harvest, LLC, as amended by that certain Amendment No. 1 to Asset Purchase Agreement dated as of July
2, 2021, that certain Amendment No. 2 to Asset Purchase Agreement dated as of October 28, 2021 and that certain Amendment No. 3 to Asset
Purchase Agreement dated on or prior to the Delayed Draw Funding Date (the “True Harvest Amendment”).”

 

(g) The definition of “True Harvest Acquisition Documentation” in Section 1.1 of the Credit Agreement is deleted and replaced
in its entirety as follows:

 

““True
Harvest Acquisition Documentation” means the True Harvest Acquisition Agreement and all schedules, exhibits and annexes thereto
and any transition services agreement to be entered into in connection therewith, and the True Harvest Convertible Note.”

 

(h)
Section 2.1(d)(i) of the Credit Agreement is deleted and replaced in entirety as follows:

 

“The
Borrower shall deliver in writing to the Agent a fully executed Funding Notice no later than one (1) Business Day prior to the proposed
Delayed Draw Funding Date (or such shorter period as may be acceptable to the Agent). Promptly upon receipt by the Agent of such Funding
Notice, the Agent shall notify each Lender of the proposed funding.”

 

    3

     

    

  

 (i) Section
2.7 of the Credit Agreement is deleted and replaced in entirety as follows:

 

“Use
of Proceeds. The proceeds of the Initial Term Loans made on the Closing Date shall be applied
by the Borrower to fund the Transactions contemplated by the Theraplant Acquisition Documentation and to fund related transaction costs.
The proceeds of the Delayed Draw Term Loans shall be applied by the Borrower to fund the Transactions contemplated by the True Harvest
Acquisition Documentation, to fund related transaction costs and to pay other general working capital expenses of the Loan Parties. Notwithstanding
the foregoing, the Agent (in its sole discretion) may agree in writing to permit the Term Loans to be applied in any other manner not
otherwise prohibited by the terms of this Agreement or the other Loan Documents.”

 

(j)
Section 3.2(e) of the Credit Agreement is deleted and replaced in entirety as follows:

 

“the proceeds of the Delayed Draw Term Loan shall be
used to fund the True Harvest Acquisition and to pay general corporate working capital expenses of the Loan Parties;”

 

(k)
Section 3.2(k) is deleted and replaced in entirety as follows:

 

“the Agent shall have received the Delayed Draw
Warrant.”

 

(l) Section
5.17 of the Credit Agreement is deleted and replaced in entirety as follows:

 

“Management
Agreements. Other than the True Harvest Cultivation Services Agreement, the Loan Parties will
not enter into any management agreement without Agent’s prior written consent.”

 

 (m) Section
5.18 of the Credit Agreement is deleted and replaced in its entirety as follows:

 

“Control
Agreements. Subject to the conditions set forth on Schedule 3.5, the Loan Parties shall
obtain Control Agreements in favor of Agent for each Deposit Account that is not an Excluded Account within ninety (90) days after the
Closing Date or (or 30 days after the date such Deposit Account is acquired). Notwithstanding the foregoing, each Loan Party covenants
and agrees that any amounts standing to the credit of its account(s) at First Fidelity Bank in excess of (i) $750,000 as at 9:00am. (New
York time) on each Friday (or to the extent Friday is not a Business Day, the amount shall be calculated at 9:00am. (New York time) the
next Business Day thereafter) occurring prior to the one-year anniversary of the Amendment No. 1 Effective Date, and (ii) $1,000,000
as at 9:00am. (New York time) on each Friday (or to the extent Friday is not a Business Day, the amount shall be calculated at 9:00am.
(New York time) the next Business Day thereafter) occurring from and after the one-year anniversary of the Amendment No. 1 Effective
Date shall be transferred to a Deposit Account subject to a Control Agreement in favor of Agent no later than the following Business
Day. Notwithstanding the foregoing, following any passage of the “Secure and Fair Enforcement (SAFE) Banking Act” by the
relevant Governmental Authority, the Loan Parties shall use commercially reasonable efforts to obtain Control Agreements in favor of
Agent for the Loan Parties’ account(s) maintained at First Fidelity Bank within a time period to be agreed with the Agent.”

 

    4

     

    

 

 (n) Section
6.8(a) of the Credit Agreement is deleted and replaced in its entirety as follows:

 

“to
the extent constituting Permitted Investments (including, for the avoidance of doubt, payments in respect of the True Harvest Convertible
Note);”

 

 (o) Section
6.8(d) of the Credit Agreement is deleted and replaced in its entirety as follows:

 

“to
any seller in respect of customary working capital adjustments or reasonable expense reimbursement payments, earnout obligations or purchase
price adjustments (in the case of earnout obligations or purchase price adjustments, solely to the extent agreed in writing by Agent)
pursuant to any Permitted Acquisition or any Permitted Disposition; provided, that for the avoidance of doubt, the True Harvest Earnout
is not prohibited by this clause (d);”

 

 (p) The Schedules to the Credit Agreement are hereby amended as follows:

 

 i. Schedule 3.5 is hereby amended to add a new paragraph 9. as follows:

 

“Within
five (5) days of the Delayed Draw Funding Date, Agent shall have received a legal opinion covering Arizona law in form and substance
reasonably satisfactory to Agent.”

 

ii.
Schedule 4.4(b) is hereby amended and restated in its entirety as set forth on Schedule 4.4(b) hereto;

 

iii. 
Schedule 4.4(c) is hereby amended and restated in its entirety as set forth on Schedule 4.4(c) hereto;

 

iv. 
Schedule 4.12(g) is hereby amended and restated in its entirety as set forth on Schedule 4.12(g) hereto;

 

v. 
Schedule 4.15 is hereby amended and restated in its entirety as set forth on Schedule 4.15 hereto;

 

vi.
Schedule 4.24 is hereby amended and restated in its entirety as set forth on Schedule 4.24 hereto;

 

vii.
Schedule 4.26 is hereby amended and restated in its entirety as set forth on Schedule 4.26 hereto;

 

    5

     

    

 

SECTION
3. Conditions to Effectiveness. This Amendment shall be effective as of the Amendment No. 1 Effective Date, subject
to the satisfaction of the following conditions:

 

(a)
Agent shall have received this Amendment duly executed by the Borrower, the Lenders and the Agent;

 

(b)
each condition set forth on Section 3.2 of the Credit Agreement shall have been satisfied.

 

SECTION
4. Representations and Warranties. Each Loan Party represents and warrants as follows:

 

(a)
The representations and warranties contained in Article 4 of the Credit Agreement or any other Loan Document are true and correct in
all material respects (except that any such representations and warranties that are subject to materiality or Material Adverse Effect
qualifiers shall be true and correct in such respects) on and as of the Amendment No. 1 Effective Date, except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects
(except that any such representations and warranties that are subject to materiality or Material Adverse Effect qualifiers shall be true
and correct in such respects) as of such earlier date.

 

(b)
This Amendment has been duly authorized and executed by such Loan Party, and each of the Loan Documents, as amended and supplemented
by this Amendment, constitutes a legal, valid and binding agreement or instrument of such Loan Party, enforceable against it in
accordance with its respective terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors’ rights generally or by equitable principles relating to
enforceability regardless of whether considered in a proceeding in equity or at law.

 

(c)
Each Loan Party has fully complied with all covenants and agreements to be complied with or performed by it under the Credit Agreement
and the other Loan Documents and no Default or Event of Default has occurred and is continuing under the Credit Agreement or the other
Loan Documents.

 

SECTION
5. Limitation on Scope; Amendment. Except for the express amendments in Section 2 hereof, all of the representations,
warranties, terms, covenants and conditions of the Credit Agreement are and shall remain in full force and effect. The amendments set
forth in Section 2 hereof shall be limited precisely as provided for herein and shall not be deemed to be amendments of, consents to
or modifications of any term or provision of the Loan Documents or any other document or instrument referred to therein or of any transaction
or further or future action on the part of Borrower requiring the consent of Agent or Lenders except to the extent specifically provided
for herein. Agent and Lenders have not and shall not be deemed to have waived any of their respective rights and remedies against Borrower
or any other Loan Party for any existing or future Defaults or Events of Default. Each Loan Party expressly acknowledges and agrees that
there has not been, and this Amendment does not constitute or establish, a novation with respect to the Credit Agreement or any other
Loan Document, or a mutual departure from the strict terms, provisions and conditions thereof, other than with respect to the amendments
contained in Section 2 hereof.

 

    6

     

    

 

SECTION
6. Loan Document. This Amendment is a “Loan Document” as defined and described in the Credit Agreement
and all of the terms and provisions of the Credit Agreement relating to Loan Documents shall apply hereto.

 

SECTION
7. Credit Agreement Governs. Except as expressly set forth herein, this Amendment shall not by implication or otherwise
limit, impair, constitute a waiver of or otherwise affect the rights and remedies of any Lender or Agent under the Credit Agreement or
any other Loan Document, and shall not alter, modify, amend, novate or in any way affect any of the terms, conditions, obligations, covenants
or agreements contained in the Credit Agreement or any other Loan Document. This Amendment shall be deemed incorporated in, and made
a part of, the Credit Agreement and the Credit Agreement, as amended by this Amendment, shall be read, taken and construed as one and
the same instrument. Nothing herein shall be deemed to entitle Borrower to a future consent to, or a waiver, amendment, modification
or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other
Loan Document in similar or different circumstances.

 

SECTION
8. Counterparts; Effectiveness. This Amendment may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.
This Amendment shall become effective when it has been executed by the Borrowers, each Lender party hereto and Agent on the date hereof
and when Agent has received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto,
and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.
Delivery of an executed counterpart of a signature page to this Amendment by email as a “.pdf” or “.tif” or similar
attachment shall be effective as delivery of a manually executed counterpart of this Amendment.

 

SECTION
9. Severability. If any term or provision of this Amendment is adjudicated to be invalid under applicable laws or
regulations, such provision shall be inapplicable to the extent of such invalidity without affecting the validity or enforceability of
the remainder of this Amendment which shall be given effect so far as possible.

 

SECTION
10. Confirmation. Each Loan Party (a) confirms its obligations under the Security Agreement, (b) confirms that its
obligations under the Credit Agreement as modified hereby are entitled to the benefits of the pledges set forth in the Security Agreement,
(c) confirms that its obligations under the Credit Agreement as modified hereby constitute “Secured Obligations” (as defined
in the Security Agreement) and (d) agrees that the Credit Agreement as modified hereby is the Credit Agreement under and for all purposes
of the Security Agreement. Each party, by its execution of this Amendment, hereby confirms that the Secured Obligations shall remain
in full force and effect, and such Secured Obligations shall continue to be entitled to the benefits of the grant set forth in the Security
Agreement. Each Guarantor (a) confirms its obligations under the Guaranty Agreement, (b) confirms that its obligations under the Credit
Agreement as modified hereby are entitled to the benefits of the guarantee set forth in the Guaranty, (c) confirms that its obligations
under the Credit Agreement as modified hereby constitute “Guaranteed Obligations” (as defined in the Guaranty) and (d) agrees
that the Credit Agreement as modified hereby is the Credit Agreement under and for all purposes of the Guaranty Agreement. Each party,
by its execution of this Amendment, hereby confirms that the Guaranteed Obligations shall remain in full force and effect.

 

[Signature
Page Follows]

 

    7

     

    

 

	 	BORROWER:  
	 	 	 	 
	 	THE GREENROSE HOLDING COMPANY INC. (F/K/A
    GREENROSE ACQUISITION CORP.)  
	 	 	 	 
	 	By:	/s/ William
    F. Harley III
	 	 	Name: 	William F. Harley III
	 	 	Title:	CEO

 

	 	LOAN PARTIES:
	 	 	 	 
	 	THERAPLANT, LLC
	 	 	 	 
	 	By:	/s/ William
    F. Harley III
	 	 	Name:	William F. Harley III
	 	 	Title:	CEO
	 	 	 	 
	 	GNRS CT MERGER SUB, LLC
	 	 	 	 
	 	By:	/s/ William
    F. Harley III
	 	 	Name: 	William F. Harley III
	 	 	Title:	CEO

  

[Signature
Page to Credit Agreement Amendment]

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