SEC Contract Filing

Filing Date: 2021-07-13

Document Content:
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<TYPE>EX-10.7
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<FILENAME>d199169dex107.htm
<DESCRIPTION>EX-10.7
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<TITLE>EX-10.7</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.7 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INVESTOR RIGHTS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">THIS INVESTOR RIGHTS AGREEMENT (this &#147;<U>Agreement</U>&#148;), dated as of July 12, 2021, is made and entered into by and
among CBRE Acquisition Holdings, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), the Persons listed on <U>Schedule A</U> hereto (each, a &#147;<U>Company Investor</U>&#148; and collectively, the &#147;<U>Company Investors</U>&#148;)
and Altus Power, Inc., a Delaware corporation (&#147;<U>Altus Power</U>&#148;). Each of the Company, the Company Investors and Altus Power may be referred to herein as a &#147;<U>Party</U>&#148; and collectively as the &#147;<U>Parties</U>&#148;.
</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, the Company, CBAH Merger Sub I, Inc. (&#147;<U>First Merger Sub</U>&#148;), CBAH Merger Sub II, LLC
(&#147;<U>Second Merger Sub</U>&#148;), Altus Power America Holdings, LLC (&#147;<U>Altus Holdings</U>&#148;), APAM Holdings LLC (&#147;<U>APAM</U>&#148;) and Altus Power have entered into that certain Business Combination Agreement, dated as of
July 12, 2021 (as amended or supplemented from time to time, the &#147;<U>Business Combination Agreement</U>&#148;), pursuant to which, among other things, (i)&nbsp;prior to the Closing, Altus Power and its affiliates will effect, or cause to be
effected, the Reorganization (as defined in the Business Combination Agreement), (ii) First Merger Sub will merge with and into Altus Power, with Altus Power surviving such merger as a wholly-owned subsidiary of the Company and (iii)&nbsp;Altus
Power will merge with and into Second Merger Sub, with Second Merger Sub surviving such merger as a wholly-owned subsidiary of the Company (the mergers in (ii)&nbsp;and (iii), collectively, the &#147;<U>Mergers</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, the Company, Sponsor and certain of the Persons listed as &#147;Holders&#148; on the signature page thereto
(collectively, the &#147;<U>Company Holders</U>&#148;) are parties to that certain Registration and Stockholder Rights Agreement, dated December&nbsp;10, 2020 (the &#147;<U>Prior Company Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, Altus Power and certain of the Persons on the signature page thereto (collectively, the &#147;<U>Altus
Holders</U>&#148;) are parties to that certain Second Amended and Restated Limited Liability Company Agreement of Altus Holdings, dated November&nbsp;23, 2019 (the &#147;<U>Prior Altus Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, effective as of the Closing, the Company and the Company Holders desire to terminate the Prior Company
Agreement in its entirety and to accept the rights created pursuant to this Agreement in lieu of the rights granted to them under the Prior Company Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, effective as of the Closing, Altus Power and the Altus Holders desire to terminate the Prior Altus Agreement
in its entirety and to accept the rights created pursuant to this Agreement in lieu of the rights granted to them under the Prior Altus Agreement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>NOW</B>, <B>THEREFORE</B>, in consideration of the 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>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;I </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DEFINITIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.1 <U>Definitions</U>. The terms defined in this <U>Article</U><U></U><U>&nbsp;I</U> shall, for all purposes of this
Agreement, have the respective meanings set forth below. Capitalized terms used but not otherwise defined in this Agreement shall have the meaning ascribed to such terms in the Business Combination Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#147;<U>Action</U>&#148; means any claim, action, cause of action, suit, audit, examination, assessment, arbitration,
mediation or inquiry, or any proceeding or investigation, by or before any Governmental Authority. </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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