SEC Contract Filing

Filing Date: 2015-08-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>9
<FILENAME>f8k080615ex10i_tempusapp.htm
<DESCRIPTION>NEW INVESTOR REGISTRATION RIGHTS AGREEMENT
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>REGISTRATION
RIGHTS AGREEMENT</B> (this &ldquo;<B>Agreement</B>&rdquo;), dated as of July 31, 2015, by and among <B>Tempus Applied Solutions
Holdings, Inc.</B>, a company organized under the laws of the State of Delaware (the &ldquo;<B>Company</B>&rdquo;), and the undersigned
buyers (each, a &ldquo;<B>Buyer</B>&rdquo; and collectively, the &ldquo;<B>Buyers</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company,
together with Chart Acquisition Corp., a Delaware corporation (&ldquo;<B>Chart</B>&rdquo;), Tempus Applied Solutions, LLC, a Delaware
limited liability company (&ldquo;<B>Tempus</B>&rdquo;), TAS Financing Sub Inc., a Delaware corporation (&ldquo;<B>TAS Financing
Sub</B>&rdquo;) and<B> </B>Chart Financing Sub Inc., a Delaware corporation (&ldquo;<B>Chart Financing Sub</B>&rdquo;), are parties
to those certain Purchase and Exchange Agreements, each dated as of June 10, 2015, with each Buyer (as amended, including by each
First Amendment to Purchase and Exchange Agreement, dated effective as of July 15, 2015, the &ldquo;<B>Exchange Agreements</B>&rdquo;),
pursuant to which TAS Financing Sub is issuing shares of its Series A Non-Voting Preferred Stock, par value $0.0001 per share
(the &ldquo;<B>TAS Preferred Stock</B>&rdquo;), to each Buyer immediately prior to the consummation of the Business Combination
(as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tempus, each
of the members of Tempus (the &ldquo;<B>Members</B>&rdquo;), Benjamin Scott Terry and John G. Gulbin III, together in their capacity
as Members&rsquo; Representative thereunder, Chart, the Company, Chart Merger Sub Inc., a Delaware corporation (&ldquo;<B>Chart
Merger Sub</B>&rdquo;), TAS Merger Sub LLC, a Delaware limited liability company (&ldquo;<B>TAS Merger Sub</B>&rdquo;), TAS Financing
Sub, Chart Financing Sub, Chart Acquisition Group LLC, in its capacity as the Chart Representative thereunder, and Chart Acquisition
Group LLC, Mr. Joseph Wright and Cowen Investments LLC, for limited purposes in their capacity as the Warrant Offerors thereunder,
are parties to that certain Agreement and Plan of Merger, dated as of January 5, 2015 (as amended, including by the First Amendment
to Agreement and Plan of Merger, dated as of March 20, 2015, the Second Amendment to Agreement and Plan of Merger, dated as of
June 10, 2015 and the Third Amendment to Agreement and Plan of Merger, dated effective as of July 15, 2015, the &ldquo;<B>Merger
Agreement</B>&rdquo;), pursuant to which (i) both TAS Merger Sub and TAS Financing Sub will merge with and into Tempus, with Tempus
continuing as the surviving entity (the &ldquo;<B>Tempus Merger</B>&rdquo;), and with (A) the Members receiving newly issued shares
of common stock, par value $0.0001 par value per share, of the Company (&ldquo;<B>Common Stock</B>&rdquo;) and (B) the Buyers,
as the holders of TAS Preferred Stock, receiving newly issued shares of Common Stock (the &ldquo;<B>Common Shares</B>&rdquo;),
shares of Series A Convertible Preferred Stock, par value $0.0001 per share, of the Company (&ldquo;<B>Preferred Stock</B>&rdquo;,
such shares of Preferred Stock issued to the Buyers, the &ldquo;<B>Preferred Shares</B>&rdquo; and the Common Stock issuable upon
conversion of the Preferred Shares, the &ldquo;<B>Conversion Shares</B>&rdquo;), Series A-1 Warrants to Purchase Common Stock
or Preferred Stock (&ldquo;<B>Series A-1 Warrants</B>&rdquo;) and Series B-1 Warrants to Purchase Common Stock or Preferred Stock
(&ldquo;<B>Series B-1 Warrants</B>&rdquo; and, together with the Series A-1 Warrants, the &ldquo;<B>Warrants</B>&rdquo;, and the
Common Stock or Preferred Stock issuable upon the exercise of the Warrants, the &ldquo;<B>Warrant Shares</B>&rdquo;), (ii) both
Chart Merger Sub and Chart Financing sub will merge with and into Chart, with Chart continuing as the surviving entity (the &ldquo;<B>Chart
Merger</B>&rdquo;), and with (A) the former Chart stockholders and warrant holders receiving newly issued shares of Common Stock
and newly issued warrants of Chart and (B) the holders of Series B Non-Voting Preferred Stock, par value $0.0001 per share, of
Chart Financing Sub receiving newly issued shares of Common Stock, Series A-2 Warrants to Purchase Common Stock or Preferred Stock
and Serie