SEC Contract Filing

Filing Date: 2025-03-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>ef20045913_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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 <div style="text-align: right; font-size: 10pt; font-weight: bold;">Exhibit 10.3<br>
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 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><u>REGISTRATION RIGHTS AGREEMENT</u></div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THIS REGISTRATION RIGHTS AGREEMENT</font><font style="font-size: 10pt;"> (this &#8220;<font style="font-family: 'Times New Roman';"><u>Agreement</u></font>&#8221;), dated as of</font> [__]<font style="font-size: 10pt;">, 2025, is made by and between YA II PN, LTD., a Cayman Islands exempt limited company (the &#8220;<font style="font-family: 'Times New Roman';"><u>Investor</u></font>&#8221;), and INNVENTURE, INC., a company incorporated under the laws of the State of Delaware (the &#8220;<font style="font-family: 'Times New Roman';"><u>Company</u></font>&#8221;). The Investor and
 the Company may be referred to herein individually as a &#8220;Party&#8221; and collectively as the &#8220;Parties.&#8221;</font></div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><u>WITNESSETH</u></div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">WHEREAS:</div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">A.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">In connection with the Securities
 Purchase Agreement by and among the parties hereto of even date herewith (the <font style="font-family: 'Times New Roman'; font-weight: bold;">&#8220;</font><font style="font-family: 'Times New Roman';"><u>Securities Purchase Agreement</u></font>&#8221;),
 the Company has agreed, upon the terms and subject to the conditions of the Securities Purchase Agreement, to issue and sell to the Investor up to $30,000,000 in aggregate principal amount of convertible debentures (the &#8220;<font style="font-family: 'Times New Roman';"><u>Convertible Debentures</u></font>&#8221;), which shall be convertible into shares of the Company&#8217;s common stock, par value $0.0001 (the &#8220;<font style="font-family: 'Times New Roman';"><u>Common Shares</u></font>&#8221;)

 (as converted, the &#8220;<font style="font-family: 'Times New Roman';"><u>Conversion Shares</u></font>&#8221;). Capitalized terms not defined herein shall have the meaning ascribed to them in the Securities Purchase Agreement.</font></font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">B.</font><font style="font-size: 10pt;">&#160;&#160;&#160; &#160; &#160; <font style="font-family: 'Times New Roman';">Pursuant to the terms of, and in
 consideration for the Investor entering into, and to induce the Investor to execute and deliver the Securities Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and
 the rules and regulations thereunder, or any similar successor statute (collectively, the &#8220;<font style="font-family: 'Times New Roman';"><u>Securities Act</u></font>&#8221;), and applicable state securities laws and other rights as provided for
 herein.</font></font></div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&#160;<u>AGREEMENT</u></div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NOW, THEREFORE,</font><font style="font-size: 10pt;"> in
 consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows:</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman';"><font style="font-family: 'Times New Roman';"><u>DEFINITIONS</u></font>.</font></font></div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Securities Purchase Agreement. As
 used in this Agreement, the following terms shall have the following meanings:</div>
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 <div style="text-align: justify; text-indent: 72pt;"><font