SEC Contract Filing

Filing Date: 2020-08-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ea125677ex10-1_hennessy.htm
<DESCRIPTION>FORM OF SHAREHOLDER SUPPORT AGREEMENT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXECUTION
VERSION</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHAREHOLDER
SUPPORT AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Shareholder Support Agreement (this &ldquo;<U>Agreement</U>&rdquo;) is made and entered into as of August 17, 2020, by and among
Hennessy Capital Acquisition Corp. IV, a Delaware corporation (&ldquo;<U>HCAC</U>&rdquo;) and the equityholders of Canoo Holdings
Ltd., an exempted company incorporated with limited liability in the Cayman Islands (the &ldquo;<U>Company</U>&rdquo;), whose
names appear on the signature pages hereto (each such person, a &ldquo;<U>Company Shareholder</U>&rdquo; and, collectively, the
&ldquo;<U>Company Shareholders</U>&rdquo;). HCAC and the Company Shareholders are sometimes referred to herein as a &ldquo;<U>Party</U>&rdquo;
and collectively as the &ldquo;<U>Parties</U>&rdquo;. Capitalized terms used but not otherwise defined herein shall have the respective
meanings ascribed to such terms in the Merger Agreement (as defined below).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RECITALS</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.
On August 17, 2020, HCAC, HCAC IV First Merger Sub, Ltd., an exempted company incorporated with limited liability in the Cayman
Islands (&ldquo;<U>First Merger Sub</U>&rdquo;), HCAC IV Second Merger Sub, LLC, a Delaware limited liability company (&ldquo;<U>Second
Merger Sub</U>&rdquo;), and the Company entered into a Merger Agreement and Plan of Reorganization (the &ldquo;<U>Merger Agreemen</U>t&rdquo;)
pursuant to which, upon the terms and subject to the conditions set forth therein: (a) First Merger Sub will merge with and into
the Company (the &ldquo;<U>First Merger</U>&rdquo;), with the Company surviving the First Merger as a wholly owned subsidiary
of HCAC (the Company, in its capacity as the surviving corporation of the First Merger, is sometimes referred to as the &ldquo;<U>Surviving
Corporation</U>&rdquo;), and (b) as soon as practicable, but in any event within 10 days following the First Merger, the Surviving
Corporation will merge with and into Second Merger Sub (the &ldquo;<U>Second Merger</U>&rdquo; and, together with the First Merger,
the &ldquo;<U>Mergers</U>&rdquo;), with Second Merger Sub being the surviving entity of the Second Merger. Each share in the capital
of the Company issued and outstanding immediately prior to the Effective Time will be cancelled and automatically converted into
the right to receive a certain number of shares of HCAC Common Stock (such transaction, together with the Mergers and other transactions
contemplated by the Merger Agreement, the &ldquo;<U>Transactions</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.
The Company Shareholders agree to enter into this Agreement with respect to all shares in the capital of the Company (including
any Company Ordinary Shares and Company Preferred Shares) (collectively, the &ldquo;<U>Company Shares</U>&rdquo;) that the Company
Shareholders now or hereafter own, beneficially (as such term is defined in Rule 13d-3 under the Exchange Act) or of record.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">C.
As of the date hereof, the Company Shareholders are the owners of, and/or have sole vo