SEC Contract Filing

Filing Date: 2023-03-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>brhc10050670_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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 <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.2</font></div>
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 <div style="text-align: right; font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Execution Version</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">REGISTRATION RIGHTS AGREEMENT</div>
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 <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; text-indent: 36pt;">This <font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">REGISTRATION RIGHTS AGREEMENT</font> (this &#8220;<font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Agreement</font>&#8221;) is made and entered into as of March 31, 2023, by and among Motorcar Parts of America, Inc., a New York corporation (the &#8220;<font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Company</font>&#8221;), Bison Capital Partners VI, L.P., a Delaware limited partnership (including its successors and assigns, &#8220;<font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Bison VI</font>&#8221;), and Bison Capital Partners VI-A, L.P., a Delaware limited partnership (including its successors and assigns, &#8220;<font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Bison VI-A</font>,&#8221;

 and together with Bison VI, the &#8220;<font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Investors</font>&#8221;).</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">RECITALS</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">WHEREAS</font>, in connection with the Note Purchase Agreement,
 dated the date hereof, by and among the Company, the Investors and Bison V, as the Purchaser Representative (the &#8220;<font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Purchase Agreement</font>&#8221;), the Company has agreed,
 upon the terms and subject to the conditions set forth in the Purchase Agreement, to issue and sell to the Investors Convertible Promissory Notes in the aggregate principal amount of Thirty-Two Million Dollars ($32,000,000) (the &#8220;<font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Notes</font>&#8221;), on the date hereof;</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">WHEREAS</font>, in connection with the Purchase Agreement, the
 Company has agreed, upon the terms and subject to the conditions set forth in the Purchase Agreement, to issue to each Investor a warrant to purchase Common Stock (the &#8220;<font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Warrants</font>&#8221;) on the date hereof; and</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">WHEREAS</font>, in accordance with the terms of the Purchase
 Agreement, the Company has agreed to provide certain registration rights to the Investors 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'; font-size: 10pt; font-weight: bold;">Securities Act</font>&#8221;), and applicable state securities laws; and</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">AGREEMENT</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">NOW, THEREFORE,</font> 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 Investors hereby agree as follows:</div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><u>Definitions</u></font>.&#160; Capitalized terms used and not otherwise defined herein that are defined in the Purchase Agreement will have the respective meanings given such terms in the Purchase Agreement.&#160; As used in this
 Agreement, the following terms have the respective meanings set forth in this <font style="font-family: 'Times New Roman'; font-size: 10pt;"><u>Section 1</u></font>:</font></div>
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 <div style="text-align: justify; text-indent: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">&#8220;<font style="font-family