Document:

EXHIBIT 10.3

 

AMENDED
AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

This Registration
Rights Agreement (this “Agreement”) is made and entered into as of January 29, 2021 (the “Effective
Date”) by and among Novus Capital Corporation, a Delaware corporation (the “Company”) and the parties
listed on Schedule A hereto (each, a “Holder” and collectively, the “Holders”).
Any capitalized term used but not defined herein will have the meaning ascribed to such term in the Business Combination Agreement
(as defined below).

 

RECITALS

 

WHEREAS,
the Company, ORGA, Inc., a Delaware corporation and AppHarvest, Inc., a Delaware public benefit corporation (“AppHarvest”)
are party to that certain Business Combination Agreement and Plan of Reorganization dated as of September 28, 2020 (the “Business
Combination Agreement”), pursuant to which, on the Effective Date, Merger Sub will merge (the “Merger”)
with and into AppHarvest, with AppHarvest surviving the Merger as a wholly owned subsidiary of the Company;

 

WHEREAS,
the Company and certain of the Holders designated as Original Holders on Schedule A hereto (the “Original Holders”)
are parties to that certain Registration Rights Agreement, dated as of May 19, 2020 (the “Prior Agreement”);

 

WHEREAS,
certain of the Holders currently hold an aggregate of 41,791,276 shares of the Company’s common stock, par value $0.0001
per share (the “Common Stock”);

  

WHEREAS,
certain of the Holders designated as New Holders on Schedule A hereto (the “New Holders”) are receiving
shares of Common Stock (the “Business Combination Shares”) on or about the date hereof, pursuant to the Business
Combination Agreement; and

 

WHEREAS,
the parties to the Prior Agreement desire to terminate the Prior Agreement and to provide for certain rights and obligations included
herein and to include the recipients of the Business Combination Shares identified herein.

 

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

 

ARTICLE I

DEFINITIONS

 

Section 1.1      Definitions. For
purposes of this Agreement, the following terms and variations thereof have the meanings set forth below:

 

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

 

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

 

“Business
Combination” shall mean any merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization
or other similar business combination with one or more businesses, involving the Company.

 

“Business
Combination Shares” shall have the meaning given in the Recitals hereto.

 

“Business
Day” means a day other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized
or required by law to close.

  

“Commission”
shall mean the Securities and Exchange Commission.

 

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

 

    

     

    

 

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

  

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

 

“Demand
Requesting Holder” shall have the meaning given in subsection 2.1.1.

 

“Demanding
Holders” shall have the meaning given in subsection 2.1.1.

 

“Effectiveness
Deadline” shall have the meaning given in subsection 2.3.1.

 

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

 

“Form S-1” means
a Registration Statement on Form S-1.

 

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

 

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

  

“Maximum
Number of Securities” shall have the meaning given in subsection 2.1.4.

 

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

 

“New
Holders” shall have the meaning given in the Recitals hereto.

 

“New
Registration Statement” shall have the meaning given in subsection 2.3.4.

 

“Original
Holders” shall have the meaning given in the Recitals hereto.

  

“Piggyback
Registration” shall have the meaning given in subsection 2.3.1.

 

“Prior
Agreement” shall have the meaning given in the Recitals hereto.

 

“Private
Warrants” means Warrants of the Company purchased by certain of the Original Holders at the time of the Company’s
initial public offering.

  

“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as
amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Registrable
Security”, “Registrable Securities” shall mean (a) any outstanding share of Common Stock
or any other equity security (including the shares of Common Stock issued or issuable upon the exercise of any other equity security)
of the Company held by an Original Holder as of the date of this Agreement, (b) the Business Combination Shares held by the New
Holders as of the date of this Agreement, (c) the Private Warrants and any shares of Common Stock issuable upon the exercise thereof,
(d) any shares of Common Stock issuable upon conversion of Company Interim Period Convertible Notes (as defined in the Business
Combination Agreement), and (e) any other equity security of the Company issued or issuable with respect to any such share of
Common Stock by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger,
consolidation or reorganization; provided, however, that, as to any particular Registrable Security, 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 such securities not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent
public distribution of such securities shall not require registration under the Securities Act; (C) such securities shall
have ceased to be outstanding; (D) such securities may be sold without registration pursuant to Rule 144 promulgated
under the Securities Act (or any successor rule promulgated thereafter by the Commission) (but with no volume or other restrictions,
limitations or conditions); or (E) such securities have been sold to, or through, a broker, dealer or underwriter in a public
distribution or other public securities transaction.

 

    

     

    

 

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

 

“Registration
Expenses” shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

 

(A) all
registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory
Authority, Inc.) and any securities exchange on which the Common Stock is then listed;

 

(B) fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel for the Underwriters
in connection with blue sky qualifications of Registrable Securities);

 

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

 

(D) reasonable
fees and disbursements of counsel for the Company, including the cost of rendering any opinion or negative assurance letter;

 

(E) reasonable
fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with
such Registration, including the cost of rendering any comfort letter;

 

(F) reasonable
fees and expenses of one (1) legal counsel for all holders of registrable securities to be registered for offer and sale
in the applicable Registration, selected by (i) holders of the majority-in-interest of the Demanding Holders initiating a Demand
Registration, (ii) holders of the majority-in-interest of Holders of all Registrable Securities included in a Company-initiated
Piggyback Registration, or (iii) Robert J. Laikin and Larry M. Paulson in the case of a Resale Shelf Registration Statement; provided,
however, that such reimbursable fees and expenses shall not exceed $50,000 per Registration Statement; and

 

(G) reasonable
fees and disbursements of any special experts retained by the Company in connection with the Registration.

 

“Registration
Statement” shall mean any registration statement that covers the Registrable Securities pursuant to the provisions of
this Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments)
and supplements to such registration statement, and all exhibits to and all material incorporated by reference in such registration
statement.

 

“Resale
Shelf Registration Statement” shall have the meaning given in subsection 2.3.1.

 

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

 

“SEC
Guidance” shall have the meaning given in subsection 2.3.4.

 

“Sponsor
Restricted Stock Agreement” shall mean that certain Sponsor Restricted Stock Agreement, by and among the Company, the
stockholders of the Company identified therein and AppHarvest, dated as of January 29, 2021.

 

“Suspension
Event” shall have the meaning given in Section 3.4.

  

“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part
of such dealer’s market-making activities.

 

“Underwritten
Registration” or “Underwritten Offering” shall mean a Registration in which securities of the Company
are sold to an Underwriter in a firm commitment underwriting for distribution to the public.

 

    

     

    

 

ARTICLE II

REGISTRATION

 

Section 2.1      Demand
Registration.

 

2.1.1            Request
for Registration.  Subject to the provisions of subsection 2.1.4 and Section 2.4 hereof,
at any time and from time to time on or after the date that is 90 days prior to the expiration of the lock-up provisions set forth
in the Lock-up Agreement between the Company and the New Holders being entered into as of the Effective Date, New Holders holding
at least a majority in interest of the then-outstanding number of Registrable Securities held by all New Holders (such New Holders,
the “Demanding Holders”), may make a written demand for Registration of all or part of their Registrable Securities
on Form S-3 (“Form S-3”) (or, if Form S-3 is not available to be used by the Company at such
time, on Form S-1 or another appropriate form permitting Registration of such Registrable Securities for resale by such Demanding
Holders), which written demand shall describe the amount and type of securities to be included in such Registration and the intended
method(s) of distribution thereof (such written demand a “Demand Registration”).  The Company shall,
within ten (10) days of the Company’s receipt of the Demand Registration, notify, in writing, all other Holders of
Registrable Securities of such demand, and each Holder of Registrable Securities who thereafter wishes to include all or a portion
of such Holder’s Registrable Securities in a Registration pursuant to a Demand Registration (each such Holder that includes
all or a portion of such Holder’s Registrable Securities in such Registration, a “Demand Requesting Holder”)
shall so notify the Company, in writing, within five (5) days after the receipt by the Holder of the notice from the Company. 
Upon receipt by the Company of any such written notification from a Demand Requesting Holder(s) to the Company, such Demand
Requesting Holder(s) shall be entitled to have their Registrable Securities included in a Registration pursuant to a Demand
Registration and the Company shall effect, as soon thereafter as practicable, but not more than forty five (45) days immediately
after the Company’s receipt of the Demand Registration, the Registration of all Registrable Securities requested by the
Demanding Holders and Demand Requesting Holders pursuant to such Demand Registration.  Under no circumstances shall the Company
be obligated to effect more than an aggregate of three (3) Registrations pursuant to a Demand Registration under this
subsection 2.1.1.

 

2.1.2            Effective
Registration.  Notwithstanding the provisions of subsection 2.1.1 above or any other part of this
Agreement, a Registration pursuant to a Demand Registration shall not count as a Registration unless and until (i) the Registration
Statement filed with the Commission with respect to a Registration pursuant to a Demand Registration has been declared effective
by the Commission and (ii) the Company has complied with all of its obligations under this Agreement with respect thereto;
provided, further, that if, after such Registration Statement has been declared effective, an offering of Registrable Securities
in a Registration pursuant to a Demand Registration is subsequently interfered with by any stop order or injunction of the Commission,
federal or state court or any other governmental agency the Registration Statement with respect to such Registration shall be
deemed not to have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or
otherwise terminated, and (ii) a majority-in-interest of the Demanding Holders initiating such Demand Registration thereafter
affirmatively elect to continue with such Registration and accordingly notify the Company in writing, but in no event later than
five (5) days, of such election; provided, further, that the Company shall not be obligated or required to file another Registration
Statement until the Registration Statement that has been previously filed with respect to a Registration pursuant to a Demand
Registration becomes effective or is subsequently terminated.

 

2.1.3            Underwritten
Offering.  Subject to the provisions of subsection 2.1.4 and Section 2.4 hereof,
if a majority-in-interest of the Demanding Holders so advise the Company as part of their Demand Registration that the offering
of the Registrable Securities pursuant to such Demand Registration shall be in the form of an Underwritten Offering, then the
right of such Demanding Holder or Demand Requesting Holder (if any) to include its Registrable Securities in such Registration
shall be conditioned upon such Holder’s participation in such Underwritten Offering and the inclusion of such Holder’s
Registrable Securities in such Underwritten Offering to the extent provided herein.  All such Holders proposing to distribute
their Registrable Securities through an Underwritten Offering under this subsection 2.1.3 shall enter into
an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the majority-in-interest
of the Demanding Holders initiating the Demand Registration.

 

    

     

    

 

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

 

2.1.5            Demand
Registration Withdrawal.  A majority-in-interest of the New Holders, in the case of a Registration under subsection
2.1.1 initiated by the New Holders, or a majority-in-interest of the Demand Requesting Holders (if any), pursuant to a Registration
under subsection 2.2.1, shall have the right to withdraw from a Registration pursuant to such Demand Registration
for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of their
intention to withdraw from such Registration prior to the effectiveness of the Registration Statement filed with the Commission
with respect to the Registration of their Registrable Securities pursuant to such Demand Registration.  If a majority-in-interest
of the Demanding Holders initiating a Demand Registration or a majority-in-interest of the Demand Requesting Holders (if any),
withdraws from a proposed offering pursuant to this Section 2.1.5, then such registration shall not count as
a Demand Registration provided for in Section 2.1. Notwithstanding anything to the contrary in this Agreement,
the Company shall be responsible for the Registration Expenses incurred in connection with a Registration pursuant to a Demand
Registration prior to its withdrawal under this subsection 2.1.5.

 

Section 2.2      Piggyback
Registration.

 

2.2.1            Piggyback
Rights.  If, at any time on or after the date hereof, the Company proposes to file a Registration Statement under the
Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable
for, or convertible into equity securities, for its own account or for the account of stockholders of the Company (or by the Company
and by the stockholders of the Company including, without limitation, pursuant to Section 2.1 hereof), 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 stockholders, (iii) for an offering of debt that is
convertible into equity securities of the Company, (iv) for a dividend reinvestment plan, or (v) filed pursuant to Section
2.3 hereof, then the Company shall give written notice of such proposed filing to all of the Holders of Registrable Securities
then outstanding as soon as practicable but not less than ten (10) days before the anticipated filing date of such Registration
Statement, which notice shall (A) describe the amount and type of securities to be included in such offering, the intended
method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, in such offering, and
(B) offer to all of the Holders of Registrable Securities the opportunity to register the sale of such number of Registrable
Securities as such Holders may request in writing within five (5) days after receipt of such written notice (such Registration
a “Piggyback Registration”).  The Company shall, in good faith, cause such Registrable Securities to be
included in such Piggyback Registration and shall use its best efforts to cause the managing Underwriter or Underwriters of a
proposed Underwritten Offering to permit the Registrable Securities requested by the Holders pursuant to this subsection 2.2.1
to be included in a Piggyback Registration on the same terms and conditions as any similar securities of the Company included
in such Registration and to permit the sale or other disposition of such Registrable Securities in accordance with the intended
method(s) of distribution thereof.  All such Holders proposing to distribute their Registrable Securities through an
Underwritten Offering under this subsection 2.2.1 shall enter into an underwriting agreement in customary form with
the Underwriter(s) selected for such Underwritten Offering by the Company.

 

    

     

    

 

2.2.2            Reduction
of Piggyback Registration.  If the managing Underwriter or Underwriters in an Underwritten Registration that is to be
a Piggyback Registration, in good faith, advises the Company and the Holders of Registrable Securities participating in the Piggyback
Registration in writing that the dollar amount or number of shares of Common Stock that the Company desires to sell, taken together
with (i) the shares of Common Stock, if any, as to which Registration has been demanded pursuant to separate written contractual
arrangements with persons or entities other than the Holders of Registrable Securities hereunder, (ii) the Registrable Securities
as to which registration has been requested pursuant to Section 2.2 hereof, and (iii) the shares of
Common Stock, if any, as to which Registration has been requested pursuant to separate written contractual piggy-back registration
rights of other stockholders of the Company, exceeds the Maximum Number of Securities, then:

 

(i)       If
the Registration is undertaken for the Company’s account, the Company shall include in any such Registration (A) first,
Common Stock or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number
of Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause
(A), the Registrable Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.2.1 hereof,
pro rata, based on the respective number of Registrable Securities that each Holder has so requested, which can be sold without
exceeding the Maximum Number of Securities; and (C) third, to the extent that the Maximum Number of Securities has not been
reached under the foregoing clauses (A) and (B), Common Stock, if any, as to which Registration has been requested pursuant
to written contractual piggy-back registration rights of other stockholders of the Company, which can be sold without exceeding
the Maximum Number of Securities; and

 

(ii)      If
the Registration is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the Company
shall include in any such Registration (A) first, Common Stock or other equity securities, if any, of such requesting persons
or entities, other than the Holders of Registrable Securities, which can be sold without exceeding the Maximum Number of Securities;
(B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the
Registrable Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.2.1,
pro rata based on the respective number of Registrable Securities that each Holder has requested be included in such Underwritten
Registration and the aggregate number of Registrable Securities that the Holders have requested to be included in such Underwritten
Registration, which can be sold without exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum
Number of Securities has not been reached under the foregoing clauses (A) and (B), Common Stock or other equity securities
that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities; and (D) fourth, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A), (B) and (C), Common
Stock or other equity securities for the account of other persons or entities that the Company is obligated to register pursuant
to separate written contractual arrangements with such persons or entities, which can be sold without exceeding the Maximum Number
of Securities.

   

2.2.3            Piggyback
Registration Withdrawal.  Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback Registration
for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of his,
her or its intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed
with the Commission with respect to such Piggyback Registration.  The Company (whether on its own good faith determination
or as the result of a request for withdrawal by persons pursuant to separate written contractual obligations) may withdraw a Registration
Statement filed with the Commission in connection with a Piggyback Registration at any time prior to the effectiveness of such
Registration Statement.  Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for
the Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under this subsection 2.2.3.

 

    

     

    

 

2.2.4            Unlimited
Piggyback Registration Rights.  For purposes of clarity, any Registration effected pursuant to Section 2.2 hereof
shall not be counted as a Registration pursuant to a Demand Registration effected under Section 2.1 hereof.

 

Section 2.3      Resale
Shelf Registration Rights

 

2.3.1            Registration
Statement on Form S-3 Covering Resale of Registrable Securities. The Company shall prepare and file or cause to be prepared
and filed with the Commission, no later than thirty (30) days following the closing of the Business Combination, a Registration
Statement for an offering to be made on a continuous basis pursuant to Rule 415 of the Securities Act or any successor thereto
registering the resale from time to time by Holders of all of the Registrable Securities held by Holders (the “Resale
Shelf Registration Statement”). The Resale Shelf Registration Statement shall be on Form S-3 (or if Form S-3 is
not available to be used by the Company at such time, on Form S-1 or another appropriate form permitting Registration of such
Registrable Securities for resale). The Company shall use commercially reasonable efforts to cause the Resale Shelf Registration
Statement to be declared effective as soon as practicable after filing, but no later than the earlier of (i) the 60th calendar
day (or 120th calendar day if the Commission notifies the Company that it will “review” the Registration Statement)
following the closing of the Business Combination and (ii) ten (10) Business Days after the date the Company is notified (orally
or in writing, whichever is earlier) by the Commission that the Resale Shelf Registration Statement will not be “reviewed”
or will not be subject to further review (such earlier date, the “Effectiveness Deadline”). Once effective,
the Company shall use commercially reasonable efforts to keep the Resale Shelf Registration Statement continuously effective and
to be supplemented and amended to the extent necessary to ensure that such Registration Statement is available or, if not available,
to ensure that another Registration Statement is available, under the Securities Act at all times 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 or have ceased to be Registrable Securities. The Registration Statement
filed with the Commission pursuant to this subsection 2.3.1 shall contain a prospectus in such form as to permit
any Holder to sell such Registrable Securities pursuant to Rule 415 under the Securities Act (or any successor or similar
provision adopted by the Commission then in effect) at any time beginning on the effective date for such Registration Statement
(subject to the restrictions provided in the Sponsor Restricted Stock Agreement and the Lock-up Agreement between the Company
and the New Holders, each being entered into as of the date hereof), and shall provide that such Registrable Securities may be
sold pursuant to any method or combination of methods legally available to, and requested by, the Holders. If the Resale Shelf
Registration Statement is filed on Form S-1, then promptly following the date upon which the Company becomes eligible to use a
Registration Statement on Form S-3, the Company shall file a post-effective amendment on Form S-3 to the Resale Shelf Registration
Statement (an “S-3 Conversion”). Notwithstanding anything to the contrary in this Agreement, the Holders shall
not be entitled to reimbursement from the Company of Registration Expenses set forth in clause (F) of the definition of “Registration
Expenses” related to an S-3 Conversion.

 

2.3.2            Notification
and Distribution of Materials. The Company shall notify the Holders in writing of the effectiveness of the Resale Shelf Registration
Statement as soon as practicable, and in any event within one (1) Business Day after the Resale Shelf Registration Statement
becomes effective, and shall furnish to them, without charge, such number of copies of the Resale Shelf Registration Statement
(including any amendments, supplements and exhibits), the Prospectus contained therein (including each preliminary prospectus
and all related amendments and supplements) and any documents incorporated by reference in the Resale Shelf Registration Statement
or such other documents as the Holders may reasonably request in order to facilitate the sale of the Registrable Securities in
the manner described in the Resale Shelf Registration Statement.

 

2.3.3            Amendments
and Supplements. Subject to the provisions of Section 2.3.1 above, the Company shall promptly prepare and file
with the Commission from time to time such amendments and supplements to the Resale Shelf Registration Statement and Prospectus
used in connection therewith as may be necessary to keep the Resale Shelf Registration Statement effective and to comply with
the provisions of the Securities Act with respect to the disposition of all the Registrable Securities. If any Resale Shelf Registration
Statement filed pursuant to Section 2.3.1 is filed on Form S-3 and thereafter the Company becomes ineligible
to use Form S-3 for secondary sales, the Company shall promptly notify the Holders of such ineligibility and use its best
efforts to file a shelf registration on an appropriate form as promptly as practicable to replace the shelf registration statement
on Form S-3 and have the such replacement Resale Shelf Registration Statement declared effective as promptly as practicable
and to cause such replacement Resale Shelf Registration Statement to remain effective, and to be supplemented and amended to the
extent necessary to ensure that such Resale Shelf Registration Statement is available or, if not available, that another Resale
Shelf Registration Statement is available, for the resale of all the Registrable Securities held by the Holders until all such
Registrable Securities have ceased to be Registrable Securities; provided, however, that at any time the Company once again becomes
eligible to use Form S-3, the Company shall cause such replacement Resale Shelf Registration Statement to be amended, or
shall file a new replacement Resale Shelf Registration Statement, such that the Resale Shelf Registration Statement is once again
on Form S-3.

 

    

     

    

 

2.3.4            Notwithstanding
the registration obligations set forth in this Section 2.3, in the event the Commission informs the Company that all
of the Registrable Securities cannot, as a result of the application of Rule 415, be registered for resale as a secondary
offering on a single registration statement, the Company agrees to promptly (i) inform each of the holders thereof and use
its reasonable best efforts to file amendments to the Resale Shelf Registration Statement as required by the Commission and/or
(ii) withdraw the Resale Shelf Registration Statement and file a new registration statement (a “New Registration
Statement”), on Form S-3, or if Form S-3 is not then available to the Company for such registration statement,
on such other form available to register for resale the Registrable Securities as a secondary offering; provided, however, that
prior to filing such amendment or New Registration Statement, the Company shall use its reasonable best efforts to advocate with
the Commission for the registration of all of the Registrable Securities in accordance with any publicly-available written or
oral guidance, comments, requirements or requests of the Commission staff (the “SEC Guidance”), including without
limitation, the Manual of Publicly Available Telephone Interpretations D.29. Notwithstanding any other provision of this Agreement,
if any SEC Guidance sets forth a limitation of the number of Registrable Securities permitted to be registered on a particular
Registration Statement as a secondary offering (and notwithstanding that the Company used diligent efforts to advocate with the
Commission for the registration of all or a greater number of Registrable Securities), unless otherwise directed in writing by
a Holder as to its Registrable Securities, the number of Registrable Securities to be registered on such Registration Statement
will be reduced in order to include first, the number of shares of Common Stock included in the Resale Shelf Registration Statement
that are held by PIPE Investors (as defined in the Business Combination Agreement) and the number of shares of Common Stock included
in the Resale Shelf Registration Statement that were issued upon conversion of Company Interim Period Convertible Notes (as defined
in the Business Combination Agreement), and second, the Registrable Securities under this Agreement other than the shares issued
upon conversion of Company Interim Period Convertible Notes, on a pro rata basis based on the total number of Registrable Securities
held by the Holders, subject to a determination by the Commission that certain Holders must be reduced first based on the number
of Registrable Securities held by such Holders. In the event the Company amends the Resale Shelf Registration Statement or files
a New Registration Statement, as the case may be, under clauses (i) or (ii) above, the Company will use its reasonable
best efforts to file with the Commission, as promptly as allowed by Commission or SEC Guidance provided to the Company or to registrants
of securities in general, one or more registration statements on Form S-3 or such other form available to register for resale
those Registrable Securities that were not registered for resale on the Resale Shelf Registration Statement, as amended, or the
New Registration Statement.

 

2.3.5            Registrations
effected pursuant to this Section 2.3 shall not be counted as Demand Registrations effected pursuant to Section 2.2.

 

Section 2.4      Restrictions
on Registration Rights. If (A) during the period starting with the date sixty (60) days prior to the Company’s
good faith estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date
of, a Company initiated Registration and provided that the Company has delivered written notice to the Holders prior to receipt
of a Demand Registration pursuant to subsection 2.1.1 and it continues to actively employ, in good faith, all
reasonable efforts to cause the applicable Registration Statement to become effective; (B) the Holders have requested an
Underwritten Registration and the Company and the Holders are unable to obtain the commitment of underwriters to firmly underwrite
the offer; or (C) in the good faith judgment of the Board such Registration would be materially detrimental to the Company
and the Board concludes as a result that it is essential to defer the filing of such Registration Statement at such time, then
in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board stating that in the good
faith judgment of the Board it would be materially detrimental to the Company for such Registration Statement to be filed in the
near future and that it is therefore essential to defer the filing of such Registration Statement.  In such event, the Company
shall have the right to defer a filing pursuant to Section 2.1 for a period of not more than thirty (30) days; provided, however,
that the Company shall not defer its obligation in this manner more than once in any 12 month period.

 

    

     

    

 

ARTICLE III

COMPANY PROCEDURES

 

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

 

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

 

3.1.2            prepare
and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements
to the Prospectus, as may be reasonably requested by the Holders or any Underwriter of Registrable Securities or as may be required
by the rules, regulations or instructions applicable to the registration form used by the Company or by the Securities Act or
rules and regulations thereunder to keep the Registration Statement effective until all Registrable Securities covered by
such Registration Statement are sold in accordance with the intended plan of distribution set forth in such Registration Statement
or supplement to the Prospectus;

 

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

 

3.1.4            prior
to any public offering of Registrable Securities, 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 or take any action to which it would be subject to general service of process or taxation in any such jurisdiction
where it is not then otherwise so subject;

 

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

 

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

 

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

 

    

     

    

 

3.1.8            advise
each Holder of Registrable Securities covered by such Registration Statement, promptly after the Company receives notice thereof,
of the time when such registration statement has been declared effective or a supplement to any Prospectus forming a part of such
registration statement has been filed;

 

3.1.9            at
least five (5) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such
Registration Statement or Prospectus, furnish a copy thereof to each seller of such Registrable Securities or its counsel;

 

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

 

3.1.11          permit
a representative of the Holders, the Underwriters, if any, and any attorney or accountant retained by such Holders or Underwriter
to participate, at each such person’s own expense, in the preparation of the Registration Statement, and cause the Company’s
officers, directors and employees to supply all information reasonably requested by any such representative, Underwriter, attorney
or accountant in connection with the Registration; provided, however, that such representatives or Underwriters
enter into a confidentiality agreement, in form and substance reasonably satisfactory to the Company, prior to the release or
disclosure of any such information;

 

3.1.12          obtain
a “cold comfort” letter from the Company’s independent registered public accountants in the event of an Underwritten
Registration, in customary form and covering such matters of the type customarily covered by “cold comfort” letters
as the managing Underwriter may reasonably request, and reasonably satisfactory to such managing Underwriter;

 

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

  

3.1.14            in
the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing Underwriter of such offering;

 

3.1.15            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 satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or
any successor rule promulgated thereafter by the Commission);

 

3.1.16            if
the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $50,000,000, use its
reasonable efforts to make available senior executives of the Company to participate in customary “road show” presentations
that may be reasonably requested by the Underwriter in any Underwritten Offering; and

 

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

 

Section 3.2      Registration
Expenses. Except as provided in Section 2.3.1 with respect to an S-3 Conversion, the Registration Expenses of all Registrations
shall be borne by the Company.  It is acknowledged by the Holders that the Holders shall bear all incremental selling expenses
relating to the sale of Registrable Securities, such as Underwriters’ commissions and discounts, brokerage fees, Underwriter
marketing costs and, other than as set forth in the definition of “Registration Expenses,” all reasonable
fees and expenses of any legal counsel representing the Holders.

 

    

     

    

 

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

 

Section 3.4      Suspension
of Sales.  Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement,
each of the Holders shall forthwith discontinue disposition of Registrable Securities until he, she or it has received copies
of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to
prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until he, she or it is
advised in writing by the Company that the use of the Prospectus may be resumed. Notwithstanding anything to the contrary
in this Agreement, the Company shall be entitled to delay or postpone the effectiveness of a Registration Statement, and from
time to time to require the Holders not to sell under a Registration Statement or to suspend the effectiveness thereof, if the
negotiation or consummation of a transaction by the Company or its subsidiaries is pending or an event has occurred, which negotiation,
consummation or event the Board reasonably believes, upon the advice of legal counsel, would require additional disclosure by
the Company in the Registration Statement of material information that the Company has a bona fide business purpose for keeping
confidential and the non-disclosure of which in the Registration Statement would be expected, in the reasonable determination
of the Board, upon the advice of legal counsel, to cause the Registration Statement to fail to comply with applicable disclosure
requirements (each such circumstance, a “Suspension Event”); provided, however, that the Company
may not delay or suspend a Registration Statement on more than two occasions or for more than sixty (60) consecutive calendar
days, or more than ninety (90) total calendar days, in each case during any twelve-month period. Upon receipt of any written notice
from the Company of the happening of any Suspension Event during the period that a Registration Statement is effective or if as
a result of a Suspension Event a Registration Statement or related prospectus contains any untrue statement of a material fact
or omits to state any material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made (in the case of the prospectus) not misleading, the Holders agrees that (i) they will
immediately discontinue offers and sales of the Shares under such Registration Statement (excluding, for the avoidance of doubt,
sales conducted pursuant to Rule 144) until the Holders receive copies of a supplemental or amended prospectus (which the Company
agrees to promptly prepare) that corrects the misstatement(s) or omission(s) referred to above and receives notice that any post-effective
amendment has become effective or unless otherwise notified by the Company that it may resume such offers and sales, and (ii)
they will maintain the confidentiality of any information included in such written notice delivered by the Company unless otherwise
required by law or subpoena. If so directed by the Company, the Holders will deliver to the Company or, in each Holder’s
sole discretion destroy, all copies of the prospectus covering the Shares in such Holder’s possession; provided, however,
that this obligation to deliver or destroy all copies of the prospectus covering the Shares shall not apply (i) to the extent
the Holder is required to retain a copy of such prospectus (a) in order to comply with applicable legal, regulatory, self-regulatory
or professional requirements or (b) in accordance with a bona fide pre-existing document retention policy or (ii) to copies stored
electronically on archival servers as a result of automatic data back-up.

  

Section 3.5      Reporting
Obligations.  As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting
company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable
grace period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of
the Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings.  The Company further
covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from time to
time to enable such Holder to sell shares of Common Stock held by such Holder without registration under the Securities Act within
the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule promulgated
thereafter by the Commission), including providing any legal opinions.  Upon the request of any Holder, the Company shall
deliver to such Holder a written certification of a duly authorized officer as to whether it has complied with such requirements.

 

    

     

    

 

Section 3.6      Limitations
on Registration Rights. From and after the date of this Agreement, other than the registration rights granted in subscription
agreements with the PIPE Investors (as defined in the Business Combination Agreement) and the Company Interim Period Convertible
Notes (as defined in the Business Combination Agreement), the Company shall not, without the prior written consent of holders
of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of
any securities of the Company that would provide to such holder registration rights on a basis more favorable than the registration
rights granted to the Holders herein.

 

ARTICLE IV

INDEMNIFICATION AND CONTRIBUTION

 

Section 4.1      Indemnification

 

4.1.1           The
Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers and directors
and agents and each person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages,
liabilities and expenses (including attorneys’ fees) caused by any untrue or alleged untrue statement of material fact contained
in any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission
or alleged omission of 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, except insofar as the same
are caused by or contained in any information furnished in writing to the Company by such Holder expressly for use therein. 
The Company shall indemnify the 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 in the foregoing with respect to the indemnification of the
Holder.

 

4.1.2            In
connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish
to the Company in writing such information 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, shall indemnify the Company, its directors and officers
and agents and each person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages,
liabilities and expenses (including without limitation reasonable attorneys’ fees) resulting from any untrue statement of
material fact contained in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement
thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading,
but only to the extent that such untrue statement or omission is contained in any information or affidavit so furnished in writing
by such Holder expressly for use therein; provided, however, that the obligation to indemnify shall be
several, not joint and several, among such Holders of Registrable Securities, and the liability of each such Holder of Registrable
Securities shall be in proportion to and limited to the net proceeds received by such Holder from the sale of Registrable Securities
pursuant to such Registration Statement.  The Holders of Registrable Securities shall indemnify the Underwriters, their officers,
directors and each person who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided
in the foregoing with respect to indemnification of the Company.

 

4.1.3            Any
person entitled to indemnification herein shall (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 shall not impair any person’s
right to indemnification hereunder to the extent such failure has not materially 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 shall not be subject to any liability
for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably withheld). 
An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the
fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim,
unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party and
any other of such indemnified parties with respect to such claim.  No indemnifying party shall, without the consent of the
indemnified party, consent to the entry of any judgment or enter into any settlement which cannot be settled in all respects by
the payment of money (and such money is so paid by the indemnifying party pursuant to the terms of such settlement) or which settlement
does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release
from all liability in respect to such claim or litigation.

 

    

     

    

 

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

 

4.1.5            If
the indemnification provided under Section 4.1 hereof from the indemnifying party is unavailable or insufficient
to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein,
then the indemnifying party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by
the indemnified party as a result of such losses, claims, damages, liabilities and expenses in such proportion as is appropriate
to reflect the relative fault of the indemnifying party and the indemnified party, as well as any other relevant equitable considerations. 
The relative fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether
any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to
state a material fact, was made by, or relates to information supplied by, such indemnifying party or indemnified party, and the
indemnifying party’s and indemnified party’s relative intent, knowledge, access to information and opportunity to
correct or prevent such action; provided, however, that the liability of any Holder under this subsection
4.1.5 shall be limited to the amount of the net proceeds received by such Holder in such offering giving rise to such
liability.  The amount paid or payable by a party as a result of the losses or other liabilities referred to above shall
be deemed to include, subject to the limitations set forth in subsections 4.1.1, 4.1.2 and 4.1.3 above,
any legal or other fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding. 
The parties hereto agree that it would not be just and equitable if contribution pursuant to this subsection 4.1.5 were
determined by pro rata allocation or by any other method of allocation, which does not take account of the equitable considerations
referred to in this subsection 4.1.5.  No person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to this subsection 4.1.5 from
any person who was not guilty of such fraudulent misrepresentation.

 

ARTICLE V

GENERAL PROVISIONS

 

Section 5.1      Entire
Agreement. This Agreement (including Schedule A hereto) constitutes the entire understanding and agreement
between the parties as to the matters covered herein and supersedes and replaces any prior understanding, agreement or statement
of intent, in each case, written or oral, of any and every nature with respect thereto.

 

Section 5.2      Notices.
Any notice or other communication required or permitted to be delivered to any party under this Agreement shall be in writing
and shall be deemed properly delivered, given and received (a) upon receipt when delivered by hand, (b) upon transmission,
if sent by facsimile or electronic transmission (in each case with receipt verified by electronic confirmation), or (c) one (1) Business
Day after being sent by courier or express delivery service, specifying next day delivery, with proof of receipt. The addresses,
email addresses and facsimile numbers for such notices and communications are those set forth on the signature pages hereof,
or such other address, email address or facsimile numbers as may be designated in writing hereafter, in the same manner, by any
such person.

 

Section 5.3      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 the permitted assigns of the applicable holder of Registrable Securities
or of any assignee of the applicable 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 5.3.
No assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate
the Company unless and until the Company shall have received (i) written notice of such assignment and (ii) the written
agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms and provisions of this Agreement
(which may be accomplished by an addendum or certificate of joinder to this Agreement).

 

    

     

    

 

Section 5.4      Counterparts. This
Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become
effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood
that all parties need not sign the same counterpart and such counterparts may be delivered by the parties hereto via facsimile
or electronic transmission.

 

Section 5.5      Amendment;
Waiver. This Agreement may be amended or modified, and any provision hereof may be waived, in whole or in part, at any time
pursuant to an agreement in writing executed by (i) the Company, (ii) holders of a majority of the Registrable Securities held
by the Original Holders at such time, and (iii) holders of a majority of the Registrable Securities held by the New Holders at
such time; provided, however, that notwithstanding the foregoing, any amendment hereto or waiver hereof that materially and adversely
affects one Holder, solely in his, her or its capacity as a holder of the shares of capital stock of the Company, in a manner
that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected. In
the event that the Company issues shares of Common Stock upon conversion of Company Interim Period Convertible Notes (as defined
in the Business Combination Agreement), the holder(s) thereof shall become party to this Agreement solely upon execution of a
counterpart signature page and shall be deemed to be New Holders for all purposes under this Agreement. Any failure by any party
at any time to enforce any of the provisions of this Agreement shall not be construed a waiver of such provision or any other
provisions hereof.

 

Section 5.6      Severability.
In the event that any provision of this Agreement or the application thereof becomes or is declared by a court of competent jurisdiction
to be illegal, void or unenforceable, the remainder of this Agreement will continue in full force and effect and the application
of such provision to other persons or circumstances will be interpreted so as reasonably to effect the intent of the parties hereto.

  

Section 5.7      Governing
Law; Venue. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable
to contracts executed in and to be performed in that State. All legal actions and proceedings arising out of or relating to this
Agreement shall be heard and determined exclusively in any Delaware Chancery Court; provided, that if jurisdiction is not then
available in the Delaware Chancery Court, then any such legal action may be brought in any federal court located in the State
of Delaware or any other Delaware state court. The parties hereto hereby (a) irrevocably submit to the exclusive jurisdiction
of the aforesaid courts for themselves and with respect to their respective properties for the purpose of any action arising out
of or relating to this Agreement brought by any party hereto, and (b) agree not to commence any action relating thereto except
in the courts described above in Delaware, other than actions in any court of competent jurisdiction to enforce any judgment,
decree or award rendered by any such court in Delaware as described herein. Each of the parties further agrees that notice as
provided herein shall constitute sufficient service of process and the parties further waive any argument that such service is
insufficient. Each of the parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or
as a defense, counterclaim or otherwise, in any action arising out of or relating to this Agreement or the transactions contemplated
hereby, (a) any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described herein
for any reason, (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process
commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment,
execution of judgment or otherwise) and (c) that (i) the action in any such court is brought in an inconvenient forum,
(ii) the venue of such action is improper or (iii) this Agreement, or the subject matter hereof, may not be enforced
in or by such courts.

 

    

     

    

 

Section 5.8      Specific
Performance. Each party acknowledges and agrees that the other parties hereto would be irreparably harmed and would not have
any adequate remedy at law in the event that any of the provisions of this Agreement were not performed by such first party in
accordance with their specific terms or were otherwise breached by such first party. Accordingly, each party agrees that the other
parties hereto shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically
the terms and provisions of this Agreement, this being in addition to any other remedy to which such parties are entitled at law
or in equity.

 

Section
5.9      Exercise Term. The Holders may not exercise their registration rights under Article
II after the seven-year anniversary of the closing of the Business Combination.

 

[Signature
Pages Follow]

 

    

     

    

 

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

 

	 	COMPANY:
	 	 	 
	 	NOVUS CAPITAL CORPORATION
	 	 	 
	 	By:  	/s/ Vincent Donargo
	 	Name: 	Vincent Donargo
	 	Title:   	Chief Financial Officer 

 

     

     

    

 

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

 

	 	NEW HOLDER:
	 	 	 
	 	AB Co-Investments LLC
	 	 	 
	 	By:  	/s/ Owen Littman 
	 	Name: 	Owen Littman 
	 	Title:   	Authorized Person 
	 	 	 
	 	Kiran Bhatraju
	 	 	 
	 	Signature:  	/s/ Kiran Bhatraju
	 	 	 
	 	CEFF AppHarvest Equity Holdings, LLC
	 	 	 
	 	By:  	/s/ David Chen  
	 	Name: 	David Chen 
	 	Title:   	CEO Equilibrium  
	 	 	 
	 	Couch Holdings II, LLC    
	 	 	 
	 	By:  	/s/ Greg Couch 
	 	Name: 	Greg Couch 
	 	Title:   	Managing member 
	 	 	 
	 	Loren Eggleton 
	 	 	 
	 	Signature:  	/s/ Loren Eggleton
	 	 	 
	 	Narya Capital Fund I, L.P. 
	 	 	 
	 	By:  	/s/ J.D. Vance  
	 	Name: 	J.D. Vance 
	 	Title:   	Authorized Person 
	 	 	 
	 	Inclusive Capital Partners Spring Master Fund L.P. 
	 	 	 
	 	By:  	/s/ Jeffrey Ubben
	 	Name: 	Jeffrey Ubben
	 	Title:   	Authorized Signatory 
	 	 	 
	 	Jonathan Webb 
	 	 	 
	 	By:  	/s/ Jonathan Webb

 

     

     

    

 

	 	ORIGINAL HOLDER:
	 	 	 
	 	Robert J. Laikin 
	 	 	 
	 	Signature:  	/s/ Robert J. Laikin
	 	 	 
	 	Zak Laikin 
	 	 	 
	 	Signature:  	/s/ Zak Laikin        
	 	 	 
	 	LARRY M PAULSON AND GRETCHEN V PAULSON, Trustees of the Larry M and Gretchen V Paulson Family Trust dated September 4, 2019 and any amendments thereto
	 	 	 
	 	By:  	/s/ Larry Paulson 
	 	Name: 	Larry Paulson 
	 	Title:   	Trustee
	 	 	 
	 	New Frontier LLC    
	 	 	 
	 	By:  	/s/ Jeffrey Foster 
	 	Name: 	Jeffrey Foster 
	 	Title:   	Manager 
	 	 	 
	 	Hirsch Family Living Trust     
	 	 	 
	 	By:  	/s/ Dan Hirsch
	 	Name: 	Dan Hirsch 
	 	Title:   	Trustee 
	 	 	 
	 	Mons Investment LLC      
	 	 	 
	 	By:  	/s/ Hersch Klaff
	 	Name: 	Hersch Klaff
	 	Title:   	Authorized Person 
	 	 	 
	 	Cliff Holdings, LLC     
	 	 	 
	 	By:  	/s/ Ryan Levy
	 	Name: 	Ryan Levy 
	 	Title:   	Manager 
	 	 	 
	 	Vince Donargo 
	 	 	 
	 	Signature:  	/s/ Vince Donargo 
	 	 	 
	 	Louis Conforti 
	 	 	 
	 	Signature:  	/s/ Louis Conforti  
	 	 	 
	 	Madnani Living Trust 
	 	 	 
	 	By:  	/s/ Sean Madnani 
	 	Name:	Sean Madnani 
	 	Title:   	Trustee  

 

     

     

    

 

	 	Ken Beyer 
	 	 	 
	 	Signature:  	/s/ Ken Beyer  
	 	 	 
	 	Alex Paskoff 
	 	 	 
	 	Signature:  	/s/ Alex Paskoff   
	 	 	 
	 	Maria Marta R Birge Rev TR DEC
	 	 	 
	 	By:  	/s/ Tag Birge 
	 	Name: 	Tag Birge 
	 	Title:   	Trustee  
	 	 	 
	 	Karin Michelle Held Trust 
	 	 	 
	 	By:  	/s/ Andrew Held   
	 	Name: 	Andrew Held 
	 	Title:   	Trustee 
	 	 	 
	 	Finovus LLC 
	 	 	 
	 	By:  	/s/ Steven Fivel  
	 	Name: 	Steven Fivel  
	 	Title:   	Member 
	 	 	 
	 	Anne T. Dillon 
	 	 	 
	 	By:  	/s/ Anne Dillon
	 	 	 
	 	Brian Pahud
	 	 	 
	 	By:  	/s/ Brian Pahud 
	 	 	 
	 	Joel Hoffman 
	 	 	 
	 	By:  	/s/ Joel Hoffman 
	 	 	 
	 	Bea Holdings II, LLC 
	 	 	 
	 	By:  	/s/ Bradley A. Bostic
	 	Name: 	Bradley A. Bostic  
	 	Title:   	Managing Director 
	 	 	 
	 	SEDD Bond Holdings, LLC 
	 	 	 
	 	By:  	/s/ David Eskenazi 
	 	Name: 	David Eskenazi 
	 	Title:   	Managing Member 

 

     

     

    

 

	 	Ethan W. Meyers Trust
	 	 	 
	 	By:  	/s/ Sidney Eskenazi
	 	Name: 	Sidney Eskenazi   
	 	Title:   	Trustee  
	 	 	 
	 	Samantha H. Meyers Trust 
	 	 	 
	 	By:  	/s/ Sidney Eskenazi
	 	Name: 	Sidney Eskenazi   
	 	Title:   	Member 
	 	 	 
	 	Heather Goodman 
	 	 	 
	 	By:  	/s/ Heather Goodman 
	 	 	 
	 	Alexander Laikin 
	 	 	 
	 	By:  	/s/ Alexander Laikin 
	 	 	 
	 	EarlyBirdCapital, Inc. 
	 	 	 
	 	By:  	/s/ Steven Levine
	 	Name: 	Steven Levine 
	 	Title:   	CEO 

 

     

     

    

 

SCHEDULE
A

 

ORIGINAL HOLDERS:

 

		·	Robert
                                         J. Laikin

		·	Zak
                                         Laikin

		·	Larry
                                         M Paulson and Gretchen V Paulson, Trustees of the Larry M and Gretchen V Paulson Family
                                         Trust dated September 4, 2019 and any amendments thereto

		·	New
                                         Frontier LLC

		·	Hirsch
                                         Family Living Trust

		·	Mons
                                         Investment LLC

		·	Cliff
                                         Holdings, LLC

		·	Vince
                                         Donargo

		·	Louis
                                         Conforti

		·	Madnani
                                         Living Trust

		·	Ken
                                         Beyer

		·	Alex
                                         Paskoff

		·	Maria
                                         Marta R Birge Rev TR DEC

		·	Karin
                                         Michelle Held Trust

		·	Finovus
                                         LLC

		·	Anne
                                         T. Dillon

		·	Brian
                                         Pahud

		·	Joel
                                         Hoffman

		·	Bea
                                         Holdings II, LLC

		·	SEDD
                                         Bond Holdings, LLC

		·	Ethan
                                         W. Meyers Trust

		·	Samantha
                                         H. Meyers Trust

		·	Heather
                                         Goodman

		·	Alexander
                                         Laikin

		·	EarlyBirdCapital,
                                         Inc.

 

NEW HOLDERS:

 

		·	AB
                                         Co-Investments LLC

		·	Kiran
                                         Bhatraju

		·	CEFF
                                         AppHarvest Equity Holdings, LLC

		·	Couch
                                         Holdings II, LLC

		·	Inclusive
                                         Capital Partners Spring Master Fund L.P.

		·	Jonathan
                                         Webb

		·	Loren
                                         Eggleton

		·	Narya
                                         Capital Fund I, L.P.

		·	Rise
                                         of the Rest Seed Fund, LPExecuted

 

STOCKHOLDERS
RIGHTS AGREEMENT

 

This
STOCKHOLDERS RIGHTS AGREEMENT (this “Agreement”), dated as of January 29, 2021, is entered into
by and among Novus Capital Corporation, a Delaware corporation (the “Company”), and each of the stockholders
of the Company or AppHarvest, Inc., a Delaware public benefit corporation (“AppHarvest”), whose name
appears on the signature pages hereto (each a “Stockholder,” and collectively, the “Stockholders”).
Each capitalized term used but not defined herein shall have the meaning ascribed to such term in the Business Combination Agreement
and Plan of Reorganization by and among the Company, ORGA, Inc., a Delaware corporation and wholly owned subsidiary of the Company
(“Merger Sub”) and AppHarvest, dated as of September 28, 2020 (as amended, restated, supplemented, modified
or waived from time to time in accordance with its terms, the “BCA”).

 

WHEREAS,
pursuant to the BCA, Merger Sub will be merged with and into AppHarvest (the “Merger”), with AppHarvest
surviving the Merger as a wholly owned subsidiary of the Company;

 

WHEREAS,
prior to the closing of the Merger, the Company will hold a meeting of the Company’s stockholders to consider, among other
things, (1) the approval and adoption of the BCA and the Merger, (2) the approval of the issuance of Novus Common Stock as contemplated
by the BCA and the Subscription Agreements, (3) the approval and adoption of the second amended and restated Novus Certificate
of Incorporation as set forth on Exhibit G to the BCA, including the conversion of Novus into a public benefit corporation contemplated
thereby, (4) the approval and adoption of an equity incentive plan, in accordance with the BCA, (5) the approval and adoption
of an employee stock purchase plan, in accordance with the BCA, and (6) any other proposals the Company and AppHarvest deem necessary
to effectuate the Transactions (the “Novus Proposals”); and

 

WHEREAS,
in connection with the consummation of the Merger pursuant to the BCA, the Stockholders and the Company have entered into this
Agreement to set forth certain understandings among such parties, including with respect to certain governance and voting matters.

 

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

 

Article I

GOVERNANCE AND VOTING MATTERS

 

Section 1.1            Board
and Committees.

 

(a)           Subject
to the approval of the Novus Proposals and the consummation of the Merger, the Company will take all necessary action (to the
extent permitted by applicable law and to the extent such action is consistent with the fiduciary duties of the Board under Delaware
law) to cause the following to occur immediately after the effective time of the Merger:

 

(i)            The
Board to consist of ten directors (each, a “Director”), including Jonathan Webb, Kiran Bhatraju, Martha
Stewart, Anna Mason, J.D. Vance, Jeffrey Ubben, David Lee, David Chen, Greg Couch, and Robert Laikin;

 

(ii)           The
audit committee of the Board to consist of three directors, including David Lee, as chair, Greg Couch, and J.D. Vance;

 

    1 

     

    

 

(iii)          The
compensation committee of the Board to consist of three directors, including Kiran Bhatraju, as chair, Martha Stewart, and Anna
Mason; and

 

(iv)          The
nominating and governance committee of the Board to consist of three directors, including Jeffrey Ubben, as chair, David Chen,
and Robert Laikin.

 

(b)           After
the Closing, the Company will take all necessary action (to the extent permitted by applicable law and to the extent such action
is consistent with the fiduciary duties of the Board under Delaware law) to (i) cause the Board to nominate and recommend for
election to the Board at the Company’s annual meeting of stockholders in 2021 (the “First Annual Meeting”)
each of the above-mentioned individuals (the “Nominees”), each to serve until their successors are duly
elected and qualified, and (ii) cause each applicable Nominee to be included in the proxy statement prepared by management of
the Company in connection with the Company’s soliciting proxies or consents in favor of the foregoing for the First Annual
Meeting, and at every adjournment or postponement thereof, and on every action or approval by written resolution of the stockholders
of the Company or the Board with respect to the election of members of the Board at the First Annual Meeting.

 

(c)           If
a Nominee is not elected because of such Nominee’s death, disability, disqualification, withdrawal as a nominee or for any
other reason, the Stockholders holding a majority of the shares of Novus Common Stock shall be entitled to designate promptly
another Nominee and the Stockholders and the Company shall take all necessary and desirable actions within its control such that
the director position for which such Nominee was nominated shall not be filled pending such designation or the size of the Board
shall be increased by one and such vacancy shall be filled with such successor Nominee within ten days of such designation. Notwithstanding
anything to the contrary, the director position for which such Nominee was nominated shall not be filled pending such designation
and appointment, unless the Stockholders fail to designate such Nominee for more than 30 days, after which the Company may appoint
an interim successor nominee who may serve as a director if duly elected until the Stockholders make such designation. The Stockholders
shall not be obligated to designate all (or any) of the directors they are entitled to designate pursuant to this Agreement but
the failure to do so shall not constitute a waiver of their rights hereunder.

 

(d)           The
Company shall (i) purchase directors’ and officers’ liability insurance in an amount and pursuant to terms determined
by the Board to be reasonable and customary and (ii) for so long as any Director to the Board nominated pursuant to the terms
of this Agreement serves as a Director of the Company, maintain such coverage with respect to such Directors.

 

Section 1.2            Voting.
Subject to the approval of the Novus Proposals and the consummation of the Merger, the Stockholders shall vote, or provide a written
consent or proxy with respect to, their shares of the Novus Common Stock in favor of each of the Nominees and/or other person
who has been recommended by the Board for such appointment or nomination in accordance with Section 1.1(c) at the First Annual
Meeting and at every adjournment or postponement thereof, and on every action or approval by written consent of the stockholders
of the Company or the Board with respect to the election of members of the Board with respect to the First Annual Meeting.

 

Section 1.3            Restrictions
on Other Agreements. The Stockholders shall not, directly or indirectly, grant any proxy or enter into or agree to be
bound by any voting trust, agreement or arrangement of any kind with respect to their shares of Common Stock if and to the extent
the terms thereof conflict with the provisions of this Agreement (whether or not such proxy, voting trust, agreement or agreements
are with other holders of shares of Common Stock that are not parties to this Agreement or otherwise).

 

    2 

     

    

 

Article II

TERMINATION

 

Section 2.1            Termination.
This Agreement shall terminate after the First Annual Meeting.

 

Article III

MISCELLANEOUS

 

Section 3.1            Notices.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be personally delivered,
sent by nationally recognized overnight courier, mailed by registered or certified mail or be sent by facsimile or electronic
mail to such party at the address set forth below (or such other address as shall be specified by like notice). Notices will be
deemed to have been duly given hereunder if (i) personally delivered, when received, (ii) sent by nationally recognized
overnight courier, one business day after deposit with the nationally recognized overnight courier, (iii) mailed by registered
or certified mail, when received, and (iv) sent by facsimile or electronic mail, on the date sent so long as such communication
is transmitted before 5:00 p.m. in the time zone of the receiving party on a business day, otherwise, on the next business day.

 

(a)           If
to the Company prior to the closing of the Merger, to:

 

Novus
Capital Corporation

8556 Oakmont Lane

Indianapolis,
IN 4626

Attention: Robert J. Laikin, Chairman and Larry M. Paulson, President & CEO

Email:

 

with
a copy to:

 

Blank
Rome LLP

1271 Avenue of the Americas

New York, NY 10020

Attention:
Robert J. Mittman and Kathleen Cunningham

Email: 

 

(b)           If
to the Company after the closing of the Merger, to:

 

AppHarvest,
Inc.

401 W. Main Street, Suite 321

Lexington, KY 40507

Attention: Jonathan Webb

Email: 

 

with
a copy to:

 

Cooley
LLP

1299 Pennsylvania Avenue, NW, Suite 700

Washington, DC 20004

Attention: Derek O. Colla and David I. Silverman

Email: 

 

    3 

     

    

 

(c)           If
to the Stockholders, to the addresses set forth on the signature pages hereto.

 

Section 3.2            Severability.
The provisions of this Agreement shall be deemed severable, and the invalidity or unenforceability of any provision shall not
affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof
to any person or any circumstance, is found to be invalid or unenforceable in any jurisdiction, (a) a suitable and equitable
provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose
of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such provision
to other persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability
affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction.

 

Section 3.3            Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which, taken
together, shall be considered one and the same agreement.

 

Section 3.4            Entire
Agreement; No Third Party Beneficiaries. This Agreement (a) constitutes the entire agreement and supersedes all other
prior agreements, both written and oral, among the parties hereto with respect to the subject matter hereof and (b) is not
intended to confer upon any person, other than the parties hereto, any rights or remedies hereunder.

 

Section 3.5            Further
Assurances. Each party hereto shall execute, deliver, acknowledge and file such other documents and take such further actions
as may be reasonably requested from time to time by the other parties hereto to give effect to and carry out the transactions
contemplated herein.

 

Section 3.6            Governing
Law; Equitable Remedies. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF DELAWARE (WITHOUT GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES THEREOF). The parties hereto agree that irreparable damage would
occur in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or was
otherwise breached. It is accordingly agreed that the parties hereto shall be entitled to an injunction or injunctions and other
equitable remedies to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any of
the Selected Courts (as defined below), this being in addition to any other remedy to which they are entitled at law or in equity.
Any requirements for the securing or posting of any bond with respect to such remedy are hereby waived by each of the parties
hereto. Each party hereto further agrees that, in the event of any action for an injunction or other equitable remedy in respect
of such breach or enforcement of specific performance, it will not assert the defense that a remedy at law would be adequate.

 

Section 3.7            Consent
To Jurisdiction. With respect to any suit, action or proceeding (“Proceeding”) arising out of or relating
to this Agreement, each of the parties hereto hereby irrevocably (a) submits to the exclusive jurisdiction of the Court of
Chancery of the State of Delaware and the United States District Court for the District of Delaware and the appellate courts therefrom
(the “Selected Courts”) and waives any objection to venue being laid in the Selected Courts whether based on
the grounds of forum non conveniens or otherwise and hereby agrees not to commence any such Proceeding other than before one of
the Selected Courts; provided, however, that a party may commence any Proceeding in a court other than a Selected
Court solely for the purpose of enforcing an order or judgment issued by one of the Selected Courts; (b) consents to service
of process in any Proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, or by recognized
international express carrier or delivery service, to their respective addresses referred to in Section 3.1 hereof; provided,
however, that nothing herein shall affect the right of any party hereto to serve process in any other manner permitted
by law; and (c) TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, WAIVES, AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS
PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION
WITH THIS AGREEMENT, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AND AGREES
THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR
AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE THE RIGHT TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING
TO THIS AGREEMENT AND TO HAVE ALL MATTERS RELATING TO THIS AGREEMENT BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE
SITTING WITHOUT A JURY.

 

    4 

     

    

 

Section 3.8            Amendments;
Waivers.

 

(a)           No
provision of this Agreement may be amended or waived unless such amendment or waiver is in writing and signed (i) in the
case of an amendment, by each of the parties hereto, and (ii) in the case of a waiver, by each of the parties against whom
the waiver is to be effective.

 

(b)           No
failure or delay by any party in exercising any right, power or privilege hereunder shall operate as waiver thereof nor shall
any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power
or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided
by law.

 

Section 3.9            Assignment.
Neither this Agreement nor any of the rights or obligations hereunder shall be assigned or delegated by any of the parties hereto
without the prior written consent of the other parties. Subject to the preceding sentence, this Agreement will be binding upon,
inure to the benefit of and be enforceable by the parties and their respective successors and permitted assigns.

 

Section 3.10         No
Recourse. This Agreement may only be enforced against, and any claims or cause of action
that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement
may only be made against the entities that are expressly identified as parties hereto, and no past, present or future affiliate,
director, officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any party
hereto shall have any liability for any obligations or liabilities of the parties to this Agreement or for any claim based on,
in respect of, or by reason of, the transactions contemplated hereby.

 

[Signature
page follows.]

 

    5 

     

    

 

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

 

	 	COMPANY:
	 	 
	 	NOVUS
    CAPITAL CORPORATION
	 	 
	 	By:	/s/
    Larry M. Paulson
	 	 	Name:
    	Larry
    M. Paulson
	 	 	Title:
    	Chief
    Executive Officer

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	AB
    Co-Investments LLC
	 	 
	 	By:
    	/s/
    Owen Littman
	 	 	Name:
    	Owen
    Littman
	 	 	Title:
    	Authorized
    Signatory

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	Kiran
    Bhatraju
	 	 
	 	By:	/s/
    Kiran Bhatraju     

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	CEEF
AppHarvest Equity Holdings, LLC
	 	 
	 	By:	/s/
David Chen
	 	 	Name:	David
Chen
	 	 	Title:	CEO
Equilibrium

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	Couch
    Holdings II, LLC
	 	 
	 	By:
    	/s/
    Greg Couch
	 	 	Name:
    	Greg
    Couch
	 	 	Title:
    	Managing
    Member

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	Loren
    Eggleton
	 	 
	 	By:
    	/s/
    Loren Eggleton     

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    	 

    	 

    

 

	 	STOCKHOLDERS:
	 	 
	 	Inclusive
    Capital Partners Spring Master Fund L.P.
	 	 
	 	By:	/s/
    Jeffrey Ubben
	 	 	Name:	Jeffrey
    Ubben
	 	 	Title:	Authorized
    Signatory

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	Rise
    of the Rest Seed Fund, LP
	 	 
	 	By:
    	Rise
    of the Rest Seed Fund GP, LLC
	 	Its:
    	General
    Partner
	 	 	 
	 	By:	/s/
    Stephen M. Case
	 	 	Name:
    	Stephen
    M. Case
	 	 	Its:
    	Operating
    Manager

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

	 	 
	 	STOCKHOLDERS:
	 	 
	 	Narya
    Capital Fund I, L.P.
	 	 
	 	By:	/s/
    J.D. Vance
	 	 	Name:	J.D.
    Vance
	 	 	Title:
    	Partner

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	Jonathan
    Webb
	 	 
	 	By:
    	/s/
    Jonathan Webb

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	Robert
    J. Laikin
	 	 
	 	By:
    	/s/
    Robert Laikin        

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	Louis
    Conforti
	 	 
	 	By:
    	/s/
    Louis Conforti        

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Madnani
    Living Trust
	 	 
	 	By:	/s/
    Sean Madnani
	 	 	Name:	Sean
    Madnani
	 	 	Title:
    	Trustee

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Finovus
    LLC
	 	 
	 	By:	/s/
    Steve Fivel
	 	 	Name:	Steve
    Fivel
	 	 	Title:
    	Manager

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Ethan
    W. Meyers Trust
	 	 
	 	By:	/s/
    Sidney Eskenazi
	 	 	Name:	Sidney
    Eskenazi
	 	 	Title:
    	Chief
    Operating Officer

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Samantha
    H. Meyers Trust
	 	 
	 	By:	/s/
    Sidney Eskenazi
	 	 	Name:	Sidney
    Eskenazi
	 	 	Title:
    	Chief
    Operating Officer

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Sedd
    Bond Holdings, LLC
	 	 
	 	By:	/s/
    David Eskenazi
	 	 	Name:	David
    Eskenazi
	 	 	Title:
    	Managing
    Member

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	Anne
    T. Dillon 
	 	 
	 	By:
    	/s/
    Anne T. Dillon         

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Ken
    Beyer
	 	 
	 	By:
    	/s/
    Ken Beyer                   

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Vincent
    Donargo
	 	 
	 	By:
    	/s/
    Vincent Donargo                  

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	New
    Frontier LLC
	 	 
	 	By:	/s/
    Jeff Foster
	 	 	Name:	Jeff
    Foster
	 	 	Title:
    	Manager

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Mons
    Investment LLC
	 	 
	 	By:	/s/
    Hersch Klaff
	 	 	Name:	Hersch
    Klaff
	 	 	Title:
    	Hersch
    M. Klaff, Manager and Sole Member of HMK Advisor, LLC as investment advisor for Mons Investments, LLC

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Cliff
    Holdings LLC
	 	 
	 	By:	/s/
    Ryan Levy
	 	 	Name:	Ryan
    Levy
	 	 	Title:
    	Authorized
    Signer

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Brian
    Pahud
	 	 
	 	By:
    	/s/
    Brian C. Pahud                   

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Maria
    Marta R Birge Rev TR DEC
	 	 
	 	By:	/s/
    Marta Rainero Birge
	 	 	Name:	Marta
    Rainero Birge
	 	 	Title:
    	Mrs

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Alex
    Paskoff
	 	 
	 	By:
    	/s/
    Alex Paskoff                   

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Karin
    Michelle Held Revocable Trust
	 	 
	 	By:	/s/
    Karin Held
	 	 	Name:	Karin
    Held
	 	 	Title:
    	Trustee

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Josh
    Hoffman
	 	 
	 	By:
    	/s/
    Josh Hoffman                   

 

 

[Signature
Page to Stockholders Rights Agreement]

 

    

     

    

 

		STOCKHOLDERS:
	 	 
	 	Alex
    Laikin
	 	 
	 	By:
    	/s/
    Alex Laikin                   

 

 

[Signature
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		STOCKHOLDERS:
	 	 
	 	BEA
    Holdings II, LLC
	 	 
	 	By:
    	/s/
    Bradley A. Bostic                  
	 	 	Name:	Bradley
    A. Bostic
	 	 	Title:	Managing
    Director

 

 

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		STOCKHOLDERS:
	 	 
	 	Larry
    M Paulson and Gretchen V Paulson Family Trust dated Sept 4, 2019, and any amendments thereto
	 	 
	 	By:
    	/s/
    Larry M. Paulson
	 	 	Name:	Larry
    M. Paulson
	 	 	Title:	CEO

 

 

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		STOCKHOLDERS:
	 	 
	 	Hirsch
    Family Living Trust
	 	 
	 	By:
    	/s/
    Dan Hirsch
	 	 	Name:	Dan
    Hirsch
	 	 	Title:	Trustee

 

 

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		STOCKHOLDERS:
	 	 
	 	Heather
    Goodman
	 	 
	 	By:
    	/s/
    Heather Goodman                   

 

 

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		STOCKHOLDERS:
	 	 
	 	Zak
    Laikin
	 	 
	 	By:
    	/s/
    Zak Laikin                   

 

 

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