SEC Contract Filing

Filing Date: 2025-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>tm2431051d21_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B><I>Execution Version</I></B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION AND SHAREHOLDER RIGHTS AGREEMENT
</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">THIS REGISTRATION AND SHAREHOLDER RIGHTS AGREEMENT
(this &#8220;<B><I>Agreement</I></B>&#8221;), dated as of February 26, 2025, is made and entered into by and among Rithm Acquisition Corp.
, a Cayman Islands exempted company (the &#8220;<B><I>Company</I></B>&#8221;), Rithm Acquisition Corp Sponsor LLC, a Delaware limited
liability company (the &#8220;<B><I>Sponsor</I></B>&#8221; and, together with any person or entity who hereafter becomes a party to this
Agreement pursuant to <U>Section 6.2</U> of this Agreement, a &#8220;<B><I>Holder</I></B>&#8221; and collectively, the &#8220;<B><I>Holders</I></B>&#8221;).</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B>WHEREAS</B>, the Sponsor currently owns 5,675,000
shares of the Company&#8217;s Class B ordinary shares, par value $0.0001 per share (the &#8220;<B><I>Class B Ordinary Shares</I></B>&#8221;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B>WHEREAS</B>, the Class B Ordinary Shares are
convertible into the Company&#8217;s Class A ordinary shares, par value $0.0001 per share (<B>&#8220;<I>Ordinary Shares</I></B>&#8221;),
at the time of the initial Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment,
on the terms and conditions provided in the Company&#8217;s amended and restated memorandum and articles of association, as may be amended
from time to time;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B>WHEREAS</B>, on February 26, 2025, the Company
and the Sponsor entered into that certain Private Placement Units Purchase Agreement, pursuant to which the Sponsor agreed to purchase
600,000 units (or up to 660,000 units if the option to purchase additional Ordinary Shares in connection with the Company&#8217;s initial
public offering (the &#8220;<B><I>IPO</I></B>&#8221;) is exercised in full by the underwriters of such offering) (such units, the &#8220;<B><I>Private
Placement Units</I></B>&#8221;), each Private Placement Unit being comprised of one Ordinary Share (such Ordinary Shares, the &#8220;<B><I>Private
Placement Shares</I></B>&#8221;) and one-third of one redeemable warrant (the &#8220;<B><I>Private Placement Warrants</I></B>&#8221;)
to purchase one Ordinary Share (the &#8220;<B><I>Warrant Shares</I></B>&#8221;) and to be governed by the Warrant Agreement to be entered
into with Continental Stock Transfer &amp; Trust Company in connection with the consummation of the IPO;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B>WHEREAS</B>, in order to finance the Company&#8217;s
transaction costs in connection with an intended Business Combination (as defined below), the Sponsor, an affiliate of the Sponsor or
certain of the Company&#8217;s officers or directors may, but are not obligated to, loan the Company funds as the Company may require,
of which up to $1,500,000 of such loans may be convertible into Private Placement Units at a price of $10.00 per Private Placement Unit
at the option of the lender (such Private Placement Units, the &#8220;<B><I>Working Capital Units</I></B>&#8221;); and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B>WHEREAS</B>, the Company and the Holders desire
to enter into this Agreement, pursuant to which the Company shall grant the Holders certain registration rights with respect to certain
securities of the Company, as set forth in this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B>NOW</B>, <B>THEREFORE</B>, in consideration
of the mutual representations, covenants and agreements contained herein, and certain other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Article 1 </B></P>

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

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