Document:

EXHIBIT 10.11 

REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”)
is entered into as of the ____ day of ______, 2006, by and among,
Churchill Ventures Ltd., a Delaware corporation (the “Company”);
and the undersigned parties listed under Investor on the signature page hereto
(each, an “Investor” and collectively, the “Investors”). 

     WHEREAS, the Investors currently hold all of the issued and outstanding securities of the Company; 

     WHEREAS, the Investors and the Company desire to enter into this Agreement to provide the Investors with certain rights relating to the
registration of shares of Common Stock, Warrants and Warrant Shares held by them; 

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

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

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

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

     “Common Stock” means the common stock, par value $0.001 per share, of the Company.

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

     “Demand Registration” is defined in Section 2.1.1. 

     “Demanding Holder” is defined in Section 2.1.1. 

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

     “Form S-3” is defined in Section 2.3. 

     “Indemnified Party” is defined in Section 4.3.

     “Indemnifying Party” is defined in Section 4.3. 

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

     “Investor Indemnified Party” is defined in Section 4.1.

      “Maximum Number of Shares” is
  defined in Section 2.1.4.

      “Notices” is defined in Section 6.3. 

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

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

     “Registrable Securities” mean all of the shares of Common Stock, Warrants and Warrant Shares owned or held by Investors.
Registrable Securities include any warrants, shares of capital stock or other securities of the Company issued as a dividend or other distribution with respect to or in exchange for or in replacement of such shares of Common Stock.  As to any
particular Registrable Securities, such securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities shall
have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred, new certificates for them not bearing a legend restricting further transfer shall have
been delivered by the Company and subsequent public distribution of them shall not require registration under the Securities Act; (c) such securities shall have ceased to be outstanding, or (d) the Commission makes a definitive determination to the
Company that the Registrable Securities are salable under Rule 144(k).

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

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

     “Warrants” means the 4,000,000 warrants, each to purchase one share of Common Stock issued to Churchill Capital Partners LLC by the
Company. 

     “Warrant Shares” means the shares issuable upon exercise of the Warrants. 

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

     2. REGISTRATION RIGHTS. 

          2.1 Demand Registration. 

               2.1.1 Request for Registration.  At any time and from time to time after the consummation of a Business Combination (as such term is defined
in the Registration Statement), the holders of a majority-in-interest of the Registrable Securities held by the Investors or the permitted transferees of the Investors, may make a
written demand for registration under the Securities Act of all or part of their Registrable Securities (a “Demand Registration”). Any demand for a Demand Registration shall
specify the number of shares of Registrable Securities proposed to be sold and the intended method(s) of distribution thereof. The Company will notify all holders of Registrable Securities of the demand, and each holder of Registrable Securities who
wishes to include all or a portion of such holder's Registrable Securities in the Demand Registration (each such holder including shares of Registrable Securities in such registration, a “Demanding
Holder”) shall so notify the Company within fifteen (15) days after the receipt by the holder of the notice from the Company. Upon any such request, the Demanding Holders shall be entitled to have their Registrable
Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company shall not be obligated to effect more than an aggregate of two (2) Demand Registrations under this Section 2.1.1 in
respect of Registrable Securities. 

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

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

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

               2.1.5 Withdrawal. If a majority-in-interest of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to
include all of their Registrable Securities in any offering, such majority-in-interest of the Demanding Holders may elect to withdraw from such offering by giving written notice to the Company and the Underwriter or underwriters of their request to
withdraw prior to the effectiveness of the Registration Statement filed with the Commission with respect to such Demand Registration.  If the majority-in-interest of the Demanding Holders withdraws from a proposed offering relating to a Demand
Registration, then such registration shall not count as a Demand Registration provided for in Section 2.1.1. 

          2.2 PIGGY-BACK REGISTRATION. 

               2.2.1 Piggy-back Rights. If at any time the Company proposes to file a Registration Statement under the Securities Act with respect to an
offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into, equity securities, by the Company for its own account or for shareholders of the Company for their account (or by the Company and
by shareholders of the Company including, without limitation, pursuant to Section 2.1), other than a Registration Statement (i) filed in connection with any employee stock option or other benefit plan, (ii) for an exchange offer or offering of
securities solely to the Company's existing shareholders, (iii) for an offering of debt that is convertible into equity securities of the 

Company or (iv) for a dividend reinvestment plan, then the Company shall (x) give written notice of such proposed filing to the holders of Registrable Securities as soon as practicable but in no event less than ten (10) days
before the anticipated filing date, which notice shall describe the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, of
the offering, and (y) offer to the holders of Registrable Securities in such notice the opportunity to register the sale of such number of shares of Registrable Securities as such holders may request in writing within five (5) days following receipt
of such notice (a “Piggy-back Registration”). The Company shall cause such Registrable Securities to be included in such registration and shall use its best efforts to cause the
managing Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested to be included in a PiggyBack Registration to be included on the same terms and conditions as any similar securities of the
Company and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof.  All holders of Registrable Securities proposing to distribute their securities through a
Piggy-Back Registration that involves an Underwriter or Underwriters shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters selected for such Piggy-Back Registration. 

               2.2.2  Reduction of Offering.  If the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten
offering advises the Company and the holders of Registrable Securities in writing that the dollar amount or number of shares of Common Stock which the Company desires to sell, taken together with shares of Common Stock, if any, as to which
registration has been demanded pursuant to written contractual arrangements with persons other than the holders of Registrable Securities hereunder, the Registrable Securities as to which registration has been requested under this Section 2.2, and
the shares of Common Stock, if any, as to which registration has been requested pursuant to the written contractual piggy-back registration rights of other shareholders of the Company, exceeds the Maximum Number of Shares, then the Company shall
include in any such registration: 

                    (i) If the registration is undertaken for the Company's account:  (A) first, the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding the
Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock, if any, including the Registrable Securities, as to which registration has been
requested pursuant to written contractual piggy-back registration rights of security holders (pro rata in accordance with the number of shares of Common Stock which each such person has actually requested to be included in such registration,
regardless of the number of shares of Common Stock with respect to which such persons have the right to request such inclusion) that can be sold without exceeding the Maximum Number of Shares; and 

                    (ii)  If the registration is a “demand” registration undertaken at the demand of persons other than the holders of Registrable Securities pursuant to written contractual arrangements with
such persons, (A) first, the shares of Common Stock for the account of the demanding persons that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the
foregoing clause (A), the shares of Common Stock or other securities that the Company desires

to sell that can be sold without exceeding the Maximum Number of Shares; and (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the Registrable Securities as to
which registration has been requested under this Section 2.2 (pro rata in accordance with the number of shares of Registrable Securities held by each such holder); and (D) fourth, to the
extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B) and (C), the shares of Common Stock, if any, as to which registration has been requested  pursuant to written contractual piggy-back registration
rights which other shareholders desire to sell that can be sold without exceeding the Maximum Number of Shares. 

               2.2.3 Withdrawal. Any holder of Registrable Securities may elect to withdraw such holder's request for inclusion of Registrable Securities in
any Piggy-Back Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the Registration Statement. The Company may also elect to withdraw a registration statement at any time prior to the
effectiveness of the Registration Statement.  Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders of Registrable Securities in connection with such Piggy-Back Registration as provided in Section 3.3.

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

     3. REGISTRATION PROCEDURES. 

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

               3.1.1 Filing Registration Statement. The Company shall, as expeditiously as possible and in any event within sixty (60) days after receipt of
a request for a Demand Registration pursuant to Section 2.1, prepare and file with the Commission a Registration Statement on any 

form for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for the sale of all Registrable Securities to be registered thereunder in accordance with the
intended method(s) of distribution thereof, and shall use its best efforts to cause such Registration Statement to become and remain effective for the period required by Section 3.1.3; provided, however, that the Company shall have the right to
defer any Demand Registration for up to thirty (30) days, and any Piggy-Back Registration for such period as may be applicable to deferment of any demand registration to which such PiggyBack Registration relates, in each case if the Company shall
furnish to the holders a certificate signed by the Chief Executive Officer of the Company stating that, in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company and its shareholders for
such Registration Statement to be effected at such time; provided, further however, that the Company shall not have the right to exercise the right set forth in the immediately preceding proviso more than once in any 365-day period in respect of a
Demand Registration hereunder. 

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

               3.1.3 Amendments and Supplements. The Company shall prepare and file with the Commission such amendments, including post-effective
amendments, and supplements to such Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statement effective and in compliance with the provisions of the Securities Act until all
Registrable Securities and other securities covered by such Registration Statement have been disposed of in accordance with the intended method(s) of distribution set forth in such Registration Statement (which period shall not exceed the sum of one
hundred eighty (180) days plus any period during which any such disposition is interfered with by any stop order or injunction of the Commission or any governmental agency or court) or such securities have been withdrawn. 

               3.1.4 Notification. After the filing of a Registration Statement, the Company shall promptly, and in no event more than two (2) business days
after such filing, notify the holders of Registrable Securities included in such Registration Statement of such filing, and shall further notify such holders promptly and confirm such advice in writing in all events within two (2) business days of
the occurrence of any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective amendment to such Registration Statement becomes effective; (iii) the issuance or threatened issuance by the Commission of
any stop order (and the Company shall take all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request by the Commission for any amendment or supplement to such Registration Statement or any
prospectus relating thereto or for additional information or

of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of the securities covered by such Registration Statement, such prospectus
will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and promptly make available to the holders of Registrable Securities
included in such Registration Statement any such supplement or amendment; except that before filing with the Commission a Registration Statement or prospectus or any amendment or supplement thereto, including documents incorporated by reference, the
Company shall furnish to the holders of Registrable Securities included in such Registration Statement and to the legal counsel for any such holders, copies of all such documents proposed to be filed sufficiently in advance of filing to provide such
holders and legal counsel with a reasonable opportunity to review such documents and comment thereon, and the Company shall not file any Registration Statement or prospectus or amendment or supplement thereto, including documents incorporated by
reference, to which such holders or their legal counsel shall object. 

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

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

               3.1.7  Cooperation.  The principal executive officer of the Company, the principal financial officer of the Company, the principal accounting
officer of the Company and all other officers and members of the management of the Company shall cooperate fully in any offering of

Registrable Securities hereunder, which cooperation shall include, without limitation, the preparation of the Registration Statement with respect to such offering and all other offering materials and related documents, and
participation in meetings with Underwriters, attorneys, accountants and potential investors. 

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

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

               3.1.10 Earnings Statement. The Company shall comply with all applicable rules and regulations of the Commission and the Securities Act, and
make available to its shareholders, as soon as practicable, an earnings statement covering a period of twelve (12) months, beginning within three (3) months after the effective date of the registration statement, which earnings statement shall
satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder. 

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

          3.2 Obligation to Suspend Distribution. Upon receipt of any notice from the Company of the happening of any event of the kind described in
Section 3.1.4(iv), or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by the Company, pursuant to a written insider trading compliance program adopted by the Company's Board of Directors, of the
ability of all “insiders” covered by such program to transact in the Company's securities because of the existence of material non-public information, each holder of Registrable Securities included in any registration shall immediately
discontinue disposition of such Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until such holder receives the supplemented or amended prospectus contemplated by

Section 3.1.4(iv) or the restriction on the ability of “insiders” to transact in the Company's securities is removed, as applicable, and, if so directed by the Company, each such holder will deliver to the Company all
copies, other than permanent file copies then in such  holder's possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. 

          3.3 Registration Expenses. The Company shall bear all costs and expenses incurred in connection with any Demand Registration pursuant to
Section 2.1, any Piggy-Back Registration pursuant to Section 2.2, and any registration on Form S-3 effected pursuant to Section 2.3, and all expenses incurred in performing or complying with its other obligations under this Agreement, whether or not
the Registration Statement becomes effective, including, without limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance with securities or “blue sky” laws (including fees and disbursements of counsel in
connection with blue sky qualifications of the Registrable Securities); (iii) printing expenses; (iv) the Company’s internal expenses (including, without limitation, all salaries and expenses of its officers and employees); (v) the fees and
expenses incurred in connection with the listing of the Registrable Securities as required by Section 3.1.11; (vi) National Association of Securities Dealers, Inc. fees; (vii) fees and disbursements of counsel for the Company and fees and expenses
for independent certified public accountants retained by the Company (including the expenses or costs associated with the delivery of any opinions or comfort letters requested pursuant to Section 3.1.9); (viii) the fees and expenses of any special
experts retained by the Company in connection with such registration and (ix) the fees and expenses of one legal counsel selected by the holders of a majority-in-interest of the Registrable Securities included in such registration.  The Company
shall have no obligation to pay any underwriting discounts or selling commissions attributable to the Registrable Securities being sold by the holders thereof, which underwriting discounts or selling commissions shall be borne by such holders.
Additionally, in an underwritten offering, all selling shareholders and the Company shall bear the expenses of the underwriter pro rata in proportion to the respective amount of shares each is selling in such offering. 

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

     4. INDEMNIFICATION AND CONTRIBUTION. 

          4.1 Indemnification by the Company.  The Company agrees to indemnify and hold harmless each Investor and each other holder of Registrable
Securities, and each of their respective officers, employees, affiliates, directors, partners, members, attorneys and agents, and each person, if any, who controls an Investor and each other holder of Registrable Securities (within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act) (each, an “Investor Indemnified Party”), from and against any expenses, losses, judgments, claims, damages or
liabilities, whether joint or several, arising out of or based upon any untrue statement (or allegedly untrue statement) of a material fact contained in any Registration

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

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

          4.3 Conduct of Indemnification Proceedings. Promptly after receipt by any person of any notice of any loss, claim, damage or liability or any
action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such person (the “Indemnified Party”) shall, if a claim in

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

          4.4 Contribution. 

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

               4.4.2 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.4 were determined by pro rata allocation or by any other method of 

allocation which does not take account of the equitable considerations referred to in the immediately preceding Section 4.4.1. The amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or
action referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Party in connection with investigating or defending any such
action or claim. Notwithstanding the provisions of this Section 4.4, no holder of Registrable Securities shall be required to contribute any amount in excess of the dollar amount of the net proceeds (after payment of any underwriting fees,
discounts, commissions or taxes) actually received by such  holder from the sale of Registrable Securities which gave rise to such contribution obligation. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 

     5. UNDERWRITING AND DISTRIBUTION. 

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

     6. MISCELLANEOUS. 

          6.1 Other Registration Rights. The Company represents and warrants that no person, other than a holder of the Registrable Securities, has any
right to require the Company to register any shares of the Company's capital stock for sale or to include shares of the Company’s capital stock in any registration filed by the Company for the sale of shares of capital stock for its own account
or for the account of any other person. 

          6.2 Assignment; No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not be
assigned or delegated by the Company in whole or in part.  This Agreement and the rights, duties and obligations of the holders of Registrable Securities hereunder may be freely assigned or delegated by such holder of Registrable Securities in
conjunction with and to the extent of any transfer of Registrable Securities by any such holder. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and their respective successors and
the permitted assigns of the Investor or holder of Registrable Securities or of any assignee of the Investor or holder of Registrable Securities. This Agreement is not intended to confer any rights or benefits on any persons that are not party
hereto other than as expressly set forth in Article 4 and this Section 6.2. 

          6.3 Notices. All notices, demands, requests, consents, approvals or other communications (collectively, “Notices”) required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall be personally served,  delivered by 

reputable air courier service with charges prepaid, or transmitted by hand delivery, telegram, telex or facsimile, addressed as set forth below, or to such other address as such party shall have specified most recently by written
notice. Notice shall be deemed given on the date of service or transmission if personally served or transmitted by telegram, telex or facsimile; provided, that if such service or transmission is not on a business day or is after normal business
hours, then such notice shall be deemed given on the next business day. Notice otherwise sent as provided herein shall be deemed given on the next business day following timely delivery of such notice to a reputable air courier service with an order
for next-day delivery. Notices to an Investor should be sent to the address under such Investor’s name on the signature page. 

	          	
To the Company: 
		
Churchill Ventures Ltd. 
	
	 	 

		
50 Revolutionary Road 
	
	 	 

		
Scarborough, New York 10510 
	
	 	 

		
Fax No. ___________________  
	
	 	 

		
Attn: Chief Executive Officer 
	
	     

	
	 	
with a copy to: 
		
Reitler Brown & Rosenblatt LLC 
	
	 	 

		
800 Third Avenue, 21st Floor 
	
	 	 

		
New York, New York 10022 
	
	 	 

		
Attn: Robert S. Brown, Esq. 
	
	 	 

		
Fax No.: (212) 371-5500 
	

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

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

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

          6.7 Modifications and Amendments. No amendment, modification or termination of this Agreement shall be binding upon any party unless executed
in writing by such party. 

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

          6.9 Waivers and Extensions. Any party to this Agreement may waive any right, breach or default which such party has the right to waive,
provided that such waiver will not be effective against the waiving party unless it is in writing, is signed by such party, and specifically refers to this Agreement. Waivers may be made in advance or after the right waived has arisen or the breach
or default waived has occurred. Any waiver may be conditional. No waiver of any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof nor of any other agreement or provision
herein contained. No waiver or extension of time for performance of any obligations or acts shall be deemed a waiver or extension of the time for performance of any other obligations or acts. 

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

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

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

          6.13. Waiver of Monetary Damages. Notwithstanding anything herein to the contrary, the Company shall not be liable to any party for monetary
damages arising from the failure of the Company to comply with its obligations pursuant to this Agreement, and each Investor hereby waives any right to make any claim for monetary damages, it being understood that the sole remedy hereunder shall be
to seek equitable relief. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

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

	 	
CHURCHILL VENTURES LTD. 
	
	 	
a Delaware corporation 
	
	 	 

	
	 	 

	
	 	
By:_________________________________ 
	
	 	
       Name: Christopher Bogart 
	
	 	
       Title: Chief Executive Officer 
	
	 	 

	
	 	
INVESTORS: 
	
	 	 

	
	 	
CHURCHILL CAPITAL PARTNERS LLC, 
	
	 	
a Delaware LLC 
	
	 	 

	
	 	 

	
	 	
  By:________________________________ 
	
	 	
       Name: Elizabeth O’Connell 
	
	 	
       Title: Chief Financial
 Officer 
	
	 	
             Address:
          50 Revolutionary Road 
      

	 	
                           Scarborough,
          New York 10510 
      

	 	                      Fax
	    No. ___________________  
	
	 	                      Attn:
	    Manager

	
	 	 

	
	 	 

	
	 	 

	
	 	____________________________________

	 	
 Thomas Baxter 
	
	 	Address: 4 Bumble Bee Lane 
	
	 	               Westport,
	    CT 06880

	
	 	 

	
	 	 

	
	 	
____________________________________
	
	 	Shraga Brosh 
	
	 	Address: 39 Mazada St. 
	
	 	
                     Ramat-Gan, Israel 
      

	 	                Fax
	    No. ___________________  

	
	 	 

	
	 	 

	
	 	 ____________________________________ 
	 	 Gerhard Weisschädel 
	
	 	
      Address: Dolderstrasse 87A, CH-Zurich 
      

	 	                Fax
    No. ___________________EXHIBIT 10.12 

  WARRANT PURCHASE AGREEMENT

     WARRANT PURCHASE AGREEMENT (this “Agreement”),
dated as of __________, 2006, is entered into by and among Churchill Ventures
Ltd., a Delaware corporation (the “Company”), and Churchill Capital
Partners LLC, a Delaware limited liability company (“Sponsor”).

  WHEREAS:

     A.       The Company has filed a registration statement (the “Registration Statement”) for the initial public offering (the
“IPO”) of units (the “Units”), each unit consisting of one share of the Company’s Common Stock (a
“Share”) and one four year warrant (the “Warrants”) to purchase one Share at an exercise price of $6.00 per
Share exercisable on the later of the Company’s completion of a business combination and one year from the date of the IPO.

     B.      The Company and Sponsor are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Section 4(2) and by Regulation D (“Regulation D”)
promulgated by the United States Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “1933 Act”);
and

     C.      Sponsor had entered into a Unit Purchase Agreement, dated as of July 11, 2006 (the “Unit Purchase Agreement”), with the Company
to purchase 500,000 Units for an aggregate purchase price of Four Million Dollars ($4,000,000) (the “Sponsor Purchase Price”). Sponsor and the Company desire to terminate the
Unit Purchase Agreement and enter into this Agreement whereby Sponsor will acquire warrants to purchase 4,000,000 shares of the Company’s Common Stock (each a “Sponsor Warrant”), each to purchase one share of Common Stock (each a “Warrant Share”) on the terms and conditions described herein.

NOW THEREFORE, the Company and Sponsor hereby agree as follows:

          1.           PURCHASE AND SALE OF SPONSOR WARRANTS.

                         (a)           Purchase of Sponsor Warrants. On the Closing Date (as defined below), the Company shall issue and sell to Sponsor and Sponsor shall
purchase from the Company the Sponsor Warrants for the Sponsor Purchase Price.

                         (b)           Form of Payment. On the Closing Date (as defined below), (i) Sponsor shall pay the Sponsor Purchase Price for the Sponsor Warrants by
wire transfer of immediately available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Sponsor Warrants, and (ii) immediately prior to the closing of the IPO, the Company shall deposit
the Sponsor Purchase Price into the trust account described in the Registration Statement (the “Trust Account”).

                         (c)           Closing Date. Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 6 and Section 7 below, the
date and time of the issuance and sale of the Sponsor Warrants pursuant to this Agreement (the “Closing Date”) shall be no later than 12:00 noon, Eastern Standard Time on the date
(the “Closing Date”) that the Company 

enters into an underwriting agreement with the underwriter for the IPO. The closing of the transactions contemplated by this Agreement (the “Closing”) shall
occur on the Closing Date at such location as may be agreed to by the parties.

          2.           SPONSOR REPRESENTATIONS AND WARRANTIES.

                          (a)           Sponsor represents and warrants to the Company as follows:

                                        (i)           Sponsor is purchasing the Sponsor Warrants for its own account and for investment purposes and not with the view towards distribution;

                                        (ii)           Sponsor acknowledges that the Sponsor Warrants, and the Warrant Shares issued upon exercise of the Sponsor Warrants, will bear a legend in substantially the following form:

  
    
      
        THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN OFFERED AND SOLD IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933 AS AMENDED (THE “SECURITIES ACT”). ACCORDINGLY, THE
            SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE TRANSFERRED OTHER THAN PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT, THE AVAILABILITY OF WHICH IS TO BE
        ESTABLISHED TO THE SATISFACTION OF THE COMPANY.

    

  

                                   (iii)           Sponsor understands that the Sponsor Warrants are being offered and sold to it in reliance on specific exemptions from the registration requirements of Federal and State securities laws and that
the Company is relying upon the truth and accuracy of the representations, warranties and agreement herein in order to determine the applicability of such exemptions and the suitability of Sponsor to acquire the Sponsor Warrants;

                                   (iv)           Sponsor acknowledges that, in making the decision to purchase the Sponsor Warrants, Sponsor has relied solely upon independent investigations made by it and materials provided by the Company and
not upon any separate representations made by the Company with respect to the Company or the Sponsor Warrants;

                                   (v)           Sponsor has had a reasonable opportunity to ask questions of and receive answers from the Company concerning the Company and this offering and all such questions, if any, have been answered to the
full satisfaction of Sponsor; 

                                   (vi)           Sponsor has such knowledge and expertise in financial and business matters that the undersigned is capable of evaluating the merits and risks involved in an investment in the Sponsor Warrants;
and 

                                   (vi)           Each of Sponsor and its equity holders is an accredited investor as such term is defined in Rule 501 of Regulation D.

                    (b)           No Government Recommendation or Approval. Sponsor understands that no Federal or State agency has passed on or made any recommendation or
endorsement of the Sponsor Warrants.

                    (c)           Status of Sponsor Warrants. Sponsor acknowledges that:

                                   (i)           The Sponsor Warrants will be subject to a lock-up as referred to in the Registration Statement. Subject to certain limited exceptions, the Sponsor Warrants are not transferable until the closing
of the initial business combination as described in the Registration Statement.

                                   (ii)           In the event that the Company distributes to its public shareholders the amount in the trust account as described in the Registration Statement pursuant to the dissolution of the Company, Sponsor
will lose its entire investment as Sponsor shall have no right to participate in such distribution.

          3.        REPRESENTATIONS
AND WARRANTIES
OF THE
COMPANY.
The Company represents and warrants to Sponsor that:

                    (a)           The execution, delivery and performance of this Agreement has been or will be duly and validly authorized by the Company and will be a valid and binding agreement of the Company, enforceable in
accordance with its respective terms, except to the extent that (i) the enforceability hereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect and affecting the rights of creditors
generally, (ii) the enforceability hereof is subject to general principles of equity or (iii) the indemnification provisions hereof may be held to violate public policy. The securities to be issued pursuant to the transactions contemplated by this
Agreement have been duly authorized and, when issued and paid for in accordance with (x) this Agreement and (y) the certificates/instruments representing such securities, will be valid and binding obligations of the Company, enforceable in
accordance with their respective terms, except to the extent that (i) the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect and affecting the rights of creditors
generally, (ii) the enforceability thereof is subject to general principles of equity, or (iii) the indemnification provisions thereof may be held to violate public policy. All corporate action required to be taken for the authorization, issuance
and sale of the Sponsor Warrants has been duly and validly taken by the Company.

                    (b)           The
Warrant Shares issuable upon exercise of the Sponsor Warrants, will be duly authorized
and when issued and paid for in accordance with this Agreement and proper exercise
of such Sponsor  Warrants, respectively, and the certificates/instruments representing
such Common Stock, will be validly issued, fully-paid and non-assessable; and
such securities are not and will not be subject to the preemptive rights of any
holder of any  security of the Company.

                    (c)           The Company is organized and is validly existing as a corporation in good standing under the laws of the State of Delaware. The Company is duly qualified or licensed and in good standing as a
foreign corporation in each jurisdiction in which the character of its operations requires such qualification or licensing and where failure to so qualify would have a material adverse effect on the Company. The Company has all requisite power and
authority, and all material and necessary authorizations, approvals, orders, licenses, certificates and permits of and from all governmental regulatory officials and bodies (domestic and foreign) (“Approvals”) to conduct its business and the Company is doing business in material compliance with all such Approvals except where the failure to have such Approvals would not have a material adverse
effect on the Company. The Company has all power and authority to enter into this Agreement, to carry out the provisions and conditions hereof, and all consents, authorizations, and approvals required in connection herewith have been obtained or
will be obtained prior to the Closing. No consent, authorization or order of, and no filing with, any court, government agency or other body is required by the Company for the issuance of the securities except for applicable federal and state
securities laws.

          4.       COVENANTS.

                    (a)           Best Efforts. The parties shall use their best efforts to satisfy timely each of the conditions described in Sections 6 and 7 of this
Agreement.

                    (b)           Authorization
and Reservation of Warrant Shares. The Company
shall at all times have authorized, and reserved for the purpose of  issuance,
a sufficient number of shares of Common Stock to provide for the full exercise
of the outstanding Sponsor Warrants.

          5.        REGISTRATION RIGHTS.
 Sponsor (and its assignees and transferees) shall be granted demand registrations
pursuant to a Registration Rights Agreement reasonably acceptable to Sponsor
and the Company. 

          6.        CONDITIONS
TO THE COMPANY’S OBLIGATION
TO SELL.
The obligation of the Company hereunder to issue and sell the Sponsor Warrants
to Sponsor at the Closing is subject to the satisfaction, at or before the Closing
Date of each of the following conditions thereto, provided that these conditions
are for the Company’s sole benefit and may be waived by the Company at any
time in its sole discretion:

                    (a)           Sponsor shall have executed this Agreement and delivered the same to the Company. 

                    (b)           Sponsor shall have delivered the Sponsor Purchase Price in accordance with Section 1(b) above. 

                    (c)
          The representations and warranties of Sponsor shall be true and correct in all
material respects as of the date when made and as of the Closing Date as though
made at that time (except for  representations and warranties that speak as of
a specific date), and Sponsor 

shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by Sponsor at or prior to the Closing Date.

                    (d)           No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of
competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

          7.       CONDITIONS
TO THE SPONSOR’S OBLIGATION
TO PURCHASE.
The obligation of Sponsor hereunder to purchase the Sponsor Warrants at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for Sponsor’s sole
benefit and may be waived by Sponsor at any time in its sole discretion:

                    (a)           The Company shall have executed this Agreement and delivered the same to Sponsor.

                    (b)           The Company shall have delivered to Sponsor duly executed certificates for the Sponsor Warrants (in such denominations as Sponsor shall request) in accordance with Section 1(b) above. 

                    (c)           The representations and warranties of the Company shall be true and correct in all material respects as of the date when made and as of the Closing Date as though made at such time (except for
representations and warranties that speak as of a specific date) and the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed,
satisfied or complied with by the Company at or prior to the Closing Date. 

                    (d)           No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of
competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement. 

                    (e)           No event shall have occurred which could reasonably be expected to have a material adverse effect on the Company. 

                    (f)           The Company shall have executed an Underwriting Agreement with the underwriter for the IPO.

          8.        GOVERNING LAW; MISCELLANEOUS.

                   (a)           Governing
Law. THIS AGREEMENT SHALL BE ENFORCED, GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK  APPLICABLE
TO AGREEMENTS MADE AND TO BE 

PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES HERETO HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK CITY, NEW YORK WITH
RESPECT TO ANY DISPUTE ARISING UNDER THIS AGREEMENT, THE AGREEMENTS ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF
SUCH SUIT OR PROCEEDING. BOTH PARTIES FURTHER AGREE THAT SERVICE OF PROCESS UPON A PARTY MAILED BY REGISTERED FIRST CLASS MAIL SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR PROCEEDING. NOTHING
HEREIN SHALL AFFECT EITHER PARTY’S RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. BOTH PARTIES AGREE THAT A FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER
JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER LAWFUL MANNER. THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING UNDER THIS AGREEMENT SHALL BE RESPONSIBLE FOR ALL FEES AND EXPENSES, INCLUDING REASONABLE ATTORNEYS’ FEES, INCURRED BY
THE PREVAILING PARTY IN CONNECTION WITH SUCH DISPUTE.

                    (b)           Counterparts; Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the
other party hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement. 

                    (c)           Headings. The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation
of, this Agreement. 

                    (d)           Severability. In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law,
then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall
not affect the validity or enforceability of any other provision hereof. 

                    (e)           Entire Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties with
respect to the matters covered herein and therein and supercede all prior agreements, including without limitation the Unit Purchase Agreement, and, except as specifically set forth herein or therein, neither the Company nor Sponsor makes any
representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be waived or amended other than by an instrument in writing signed by the party to be charged with enforcement. 

                    (f)           Notices. Any notices required or permitted to be given under the terms of this Agreement shall be sent by certified or registered mail
(return receipt requested) or delivered personally or by courier (including a recognized overnight delivery service) or by facsimile and shall be effective five days after being placed in the mail, if mailed by regular United States mail, or upon
receipt, if delivered personally or by courier (including a recognized overnight delivery service) or by facsimile, in each case addressed to a party. The addresses for such communications shall be:

	                    	
If to the Company: 
		
Churchill Ventures Ltd. 
	
	 	 

		
50 Revolutionary Road 
	
	 	 

		
Scarborough, New York 10510 
	
	 	 

		
Attention: Chief Executive Officer 
	
	 	 

		
Facsimile: 914-762-1128 
	
	     

	
	 	
With a copy to: 
		
Reitler Brown & Rosenblatt LLC 
	
	 	 

		
800 Third Avenue 
	
	 	 

		
21st Floor 
	
	 	 

		
New York, NY 10022 
	
	 	 

		
Attention: Robert S. Brown 
	
	 	 

		
Facsimile: 212-371-5500 
	
	     

	
	 	
If to Sponsor: 
		
Churchill Capital Partners LLC 
	
	 	 

		
50 Revolutionary Road 
	
	 	 

		
Scarborough, New York 10510 
	
	 	 

		
Attention: Chief Executive Officer 
	
	 	 

		
Facsimile: 914-762-1128 
	

Each party shall provide notice to the other party of any change in address.

                    (g)           Waiver of Claims; Indemnification. Sponsor hereby waives any and all rights to assert any present or future claims, including any right
of rescission, against the Company and Deutsche Bank Securities Inc. (the “Underwriter”) with respect to its purchase of the Sponsor Warrants, and agrees to indemnify and hold the Company and the Underwriter in the IPO harmless from all
losses, damages or expenses that relate to claims or proceedings brought against the Company, or such Underwriter by Sponsor of the Sponsor Warrants or its transferees, assigns or any subsequent holder of the Sponsor Warrants. 

                    (h)           Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns,
provided, however, that Sponsor shall not have the right to assign any of its rights hereunder to purchase Sponsor Warrants to any other person. 

                    (i)           Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and
assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person; provided that Section 8(g) is intended to benefit the Underwriter and shall be enforceable against Sponsor by the Underwriter.

                    (j)           Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby. 

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

                    (l)           Further Agreement. Sponsor agrees to enter into an agreement or execute a letter confirming the voting obligations and other restrictions
pertaining to the Sponsor Warrants upon request of the Underwriter for the IPO.

* * * 

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

	 	 CHURCHILL VENTURES LTD.  
	 	 	 

	
	 	 	 

	
	 	 	 

	
	 	By:	 

	 	 	  Name: 
	
	 	 	  Title: 
	
	 	 	 

	
	 	 	 

	
	 	 	 

	
	 	 	 

	
	
      
	CHURCHILL CAPITAL PARTNERS,
    LLC  

	 	 	 

	
	 	 	 

	
	 	 	 

	
	 	By:	 

	 	 	  Name: 
	
	 	 	  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]