SEC Contract Filing

Filing Date: 2021-01-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>ea133672ex10-3_26capital.htm
<DESCRIPTION>REGISTRATION RIGHTS AGREEMENT, DATED JANUARY 14, 2021, BY AND BETWEEN THE COMPANY AND CERTAIN SECURITY HOLDERS
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 10.3</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: 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 January 14, 2021, is made and entered into by and among 26
Capital Acquisition Corp., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), 26 Capital Holdings LLC, a Delaware
limited liability company (the &ldquo;<B><I>Sponsor</I></B>&rdquo;; together with any person or entity who hereafter becomes a
party to this Agreement pursuant to&nbsp;<U>Section 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 Securities Subscription Agreement, dated as of August 27, 2020, pursuant
to which the Sponsor purchased an aggregate of 5,750,000 shares (the &quot;<B><I>Founder Shares</I></B>&quot;) of the Company&rsquo;s
Class B common stock, par value $0.0001 per share (&ldquo;<B><I>Class B Common Stock</I></B>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;<B>WHEREAS</B>,
on January 14, 2021, the Company effected a 0.2-for-1 stock dividend, for each share of Class B Common Stock outstanding, resulting
in the Sponsor holding an aggregate of 6,900,000 Founder Shares, up to 900,000 of which would be forfeited 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>, the
Founder Shares are convertible into shares of the Company&rsquo;s Class 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
January 14, 2021, the Company and the Sponsor entered into that certain Private Placement Warrants Purchase Agreement, pursuant
to which the Sponsor agreed to purchase 6,800,000 warrants (or 7,520,000 private placement warrants if the underwriters&rsquo;
over-allotment option is exercised in full) (the &ldquo;<B><I>Private</I></B>&nbsp;<B><I>Placement</I></B>&nbsp;<B><I>Warrants</I></B>&rdquo;),
in a private placement transaction occurring simultaneously with the closing of the Company&rsquo;s initial public offering; and</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
order to finance the Company&rsquo;s transaction costs in connection with an intended initial Business Combination (as defined
below) the Sponsor or an affiliate of the Sponsor or certain of the Company&rsquo;s officers and directors may loan to the Company
funds as the Company may require, of which up to $1,500,000 of such loans may be convertible into warrants (&ldquo;<B><I>Working
Capital Warrants</I></B>&rdquo;) at a price of $1.00 per warrant; and</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 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>

<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>NOW</B>,<B>&nbsp;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="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>ARTICLE I</B></P>

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

<P STYLE="font: