SEC Contract Filing

Filing Date: 2020-08-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>8
<FILENAME>tm2028964d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT><B>Exhibit&nbsp;10.3</B></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS REGISTRATION RIGHTS
AGREEMENT (this &ldquo;<B><I>Agreement</I></B>&rdquo;), dated as of August&nbsp;13, 2020, is made and entered into by and among
Lionheart Acquisition Corporation II, a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), Lionheart Equities, LLC,
a Delaware limited liability company (the &ldquo;<B><I>Sponsor</I></B>&rdquo;) and each of the other undersigned (together with
the Sponsor and any person or entity who hereafter becomes a party to this Agreement pursuant to&nbsp;<U>Section&nbsp;5.2</U>&nbsp;of
this Agreement, a &ldquo;<B><I>Holder</I></B>&rdquo; and collectively the &ldquo;<B><I>Holders</I></B>&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Company and the Sponsor have entered into that certain Subscription Agreement, dated as of January&nbsp;10, 2020, pursuant to which
the Sponsor purchased an aggregate of 5,000,000 shares of the Company&rsquo;s common stock, par value $0.0001 per share (the &ldquo;<B><I>Initial
Shares</I></B>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, in
February&nbsp;2020, the Company declared a dividend of 0.15 share of Initial Shares for each outstanding share of Initial Shares,
resulting in 5,750,000 shares of Initial Shares being issued and outstanding, all of which were then owned by the Company and up
to 750,000 of which are subject to forfeiture to the Company for no consideration depending on the extent to which the underwriters
of the Company&rsquo;s initial public offering exercise their over-allotment option;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, in
July&nbsp;2020, the Sponsor transferred an aggregate of 82,500 Initial Shares to Nomura Securities International,&nbsp;Inc. (&ldquo;<B><I>Nomura</I></B>&rdquo;
and, together with the Sponsor, the &ldquo;<B><I>Initial Unit Purchasers</I></B>&rdquo;) (none of which are subject to forfeiture);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on
August&nbsp;13, 2020, the Initial Shares were automatically reclassified pursuant to the Company&rsquo;s amended and restated certificate
of incorporation into an equal number of shares of the Company&rsquo;s Class&nbsp;B common stock, par value $0.0001 per share (the
&ldquo;<B><I>Founder Shares</I></B>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Founder Shares are convertible into shares of the Company&rsquo;s Class&nbsp;A common stock, par value $0.0001 per share (the<B>&nbsp;&ldquo;<I>Common</I></B>&nbsp;<B><I>Stock</I></B>&rdquo;),
on the terms and conditions provided in the Company&rsquo;s amended and restated certificate of incorporation;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on
August&nbsp;13, 2020, the Company and the Sponsor entered into that certain Private Placement Unit Subscription Agreement (the
&ldquo;<B><I>Sponsor Private Placement Unit Subscription Agreement</I></B>&rdquo;), pursuant to which the Sponsor agreed to purchase
an aggregate of 595,000 units of the Company (the &ldquo;<B><I>Sponsor Private</I></B>&nbsp;<B><I>Placement</I></B>&nbsp;<B><I>Units</I></B>&rdquo;)
at a price of $10.00 per unit, in a private placement transaction occurring simultaneously with the closing of the Company&rsquo;s
initial public offering;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on
August&nbsp;13, 2020, the Company and Nomura entered into that certain Private Placement Unit Subscription Agreement (together
with the Sponsor Private Placement Unit Subscription Agreement, the &ldquo;<B><I>Private Placement Unit Subscription Agreements</I></B>&rdquo;),
pursuant to which Nomura agreed to purchase an aggregate of 55,000 units of the Company (the &ldquo;<B><I>Nomura Private</I></B>&nbsp;<B><I>Placement</I></B>&nbsp;<B><I>Units</I></B>&rdquo;
and, together with the Sponsor Private Placement Units, the &ldquo;<B><I>Private Placement Units</I></B>&rdquo;) at a price of
$10.00 per unit, in a private placement transaction occurring simultaneous