Acutus Medical, Inc.
EXHIBIT 10.4
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>dp176192_ex1004.htm
<DESCRIPTION>EXHIBIT 10.4
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.4</B></P>

<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="margin: 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; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">REGISTRATION RIGHTS AGREEMENT (this &ldquo;Agreement&rdquo;),
dated as of June 30, 2022, by and among Acutus Medical, Inc., a Delaware corporation (the &ldquo;Company&rdquo;), Deerfield Partners,
L.P. (&ldquo;Deerfield Partners&rdquo;) and Deerfield Private Design Fund III, L.P. (&ldquo;DPD III&rdquo; and, together with Deerfield
Partners, the &ldquo;Lenders&rdquo; and each a &ldquo;Lender&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A. In connection with the Amended and Restated
Credit Agreement, dated as of the date hereof, by and among the Company, the lenders from time to time party thereto, including the Lenders,
and Wilmington Trust, National Association, as the Administrative Agent (as the same may be amended, supplemented, restated or otherwise
modified from time to time in accordance with its terms, the &ldquo;Credit Agreement&rdquo;), the Company is on the date hereof issuing
warrants to purchase Common Stock (as defined below) to each Lender (such warrants, together with any warrants issued in exchange or substitution
therefor or replacement thereof, as the same may be amended, supplemented, restated or otherwise modified and in effect from time to time,
the &ldquo;2022 Warrants&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">B. In addition to the 2022 Warrants, Deerfield
Partners and DPD III hold (i) an aggregate of 2,648,386 shares of Common Stock (as defined in the Credit Agreement), (ii) 2,764.8410 shares
of Series A Common Stock Equivalent Convertible Preferred Stock (the &ldquo;Pre-Financing Preferred Shares&rdquo;), which are convertible
into an aggregate of 2,764,841 shares of Common Stock, and (iii) warrants to purchase 434,114 shares of Common Stock (the &ldquo;Pre-Financing
Warrants&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">C. To induce the Lenders to execute and deliver
the Credit 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 &ldquo;Securities Act&rdquo;), and applicable
state securities laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>NOW, THEREFORE</B>, 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 each Lender hereby agree as follows:</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.
</FONT>DEFINITIONS.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">a. As used in this Agreement,
the following terms shall have the following meanings (all capitalized terms used and not otherwise defined herein having the respective
meanings set forth in the Credit Agreement):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(i) &ldquo;Additional Filing
Deadline&rdquo; means, with respect to any Registration Statements that may be required pursuant to Section 2(a)(ii), (A) the tenth (10<SUP>th</SUP>)
Business Day following the first date on which such Registrable Securities may then be included in a Registration Statement if such Registration
Statement is required to be filed because the SEC shall have notified the Company in writing that certain Registrable Securities were
not eligible for inclusion in a previously filed Registration Statement, or (B) if such additional Registration Statement is required
for a reason other than as described in (A) above, the thirtieth (30<SUP>th</SUP>) day following the date on which the Company first knows
that such additional Registration Statement is required.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(ii) &ldquo;Additional Registration
Deadline&rdquo; means, with respect to any additional Registration Statement(s) required to be filed pursuant to Section 2(a)(ii), the
forty-fifth (45<SUP>th</SUP>) day following the applicable Additional Filing Deadline.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(iii) &ldquo;Business Day&rdquo;
means any day, except a Saturday, Sunday or legal holiday, on which banking institutions in the city of New York, New York are authorized
or obligated by law or executive order to close; provided, however, for clarification, bank institutions shall not be deemed to be authorized
or obligated by law or executive order to remain closed due to &ldquo;stay at home,&rdquo; &ldquo;shelter-in-place,&rdquo; &ldquo;non-essential
employee&rdquo; or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental
authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in the City of New York
generally are open for use by customers on such day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(iv) &ldquo;Convertible Securities&rdquo;
means, collectively, any Warrants, preferred stock (including the Pre-Financing Preferred Shares), rights, evidence of indebtedness and
other securities that, by the terms thereof, are directly or indirectly convertible into or exchangeable or exercisable for Common Stock,
either immediately or upon the arrival of a specified date or the happening of a specified event.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(v) &ldquo;Exchange Act&rdquo;
means the Securities Exchange Act of 1934, as amended, together with the rules and regulations promulgated thereunder, and any successor
statute.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(vi) &ldquo;FINRA&rdquo; means
the Financial Industry Regulatory Authority, Inc. (or successor thereto).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(vii) &ldquo;Filing Deadline&rdquo;
for the Registration Statement required pursuant to Section 2(a)(i), shall mean August 14, 2022, and for each Registration Statement required
pursuant to Section 2(a)(ii), shall mean the Additional Filing Deadline.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(viii) &ldquo;Investor&rdquo;
means any Lender and any transferee or assignee who agrees in writing to become bound by the provisions of this Agreement in accordance
with Section 10 hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(ix) &ldquo;Person&rdquo; means
and includes any natural person, partnership, joint venture, corporation, trust, limited liability company, limited company, joint stock
company, unincorporated organization, government entity or any political subdivision or agency thereof, or any other entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(x) &ldquo;Prospectus&rdquo;
means (A) any prospectus (preliminary or final) included in any Registration Statement, as may be amended or supplemented by any prospectus
supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement
and by all other amendments and supplements to such prospectus, including post-effective amendments, and all material incorporated by
reference in such prospectus, and (B) any &ldquo;free writing prospectus&rdquo; as defined in Rule 405 under the Securities Act relating
to any offering of Registrable Securities pursuant to a Registration Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(xi) &ldquo;Register,&rdquo;
&ldquo;Registered,&rdquo; and &ldquo;Registration&rdquo; refer to a registration effected by preparing and filing a Registration Statement
or Statements in compliance with the Securities Act and pursuant to Rule 415, and such Registration Statement becoming effective under
the Securities Act (whether automatic or declared effective by the United States Securities and Exchange Commission (the &ldquo;SEC&rdquo;)).</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(xii) &ldquo;Registrable Securities&rdquo;
for a given Registration, means (a) any shares of Common Stock held as of the date of this Agreement by the Investors; (b) any shares
of Common Stock issuable upon exercise, conversion or exchange, or otherwise in respect, of any Convertible Securities held as of the
date of this Agreement by the Investors (without giving effect to any limitations on exercise, conversion or exchange thereof set forth
in the Convertible Securities and, in the case of Warrants, assuming the exercise thereof for cash), (c) any shares of capital stock issued
or issuable as a dividend on or in exchange for or otherwise with respect to any securities referred to in clauses (a) and (b), (d) any
additional shares of Common Stock issuable in connection with any anti-dilution provisions in the Convertible Securities, and (e) any
securities issued or issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to
any of the foregoing; <I>provided that</I>, in the case of (c) through (e), such securities are held by the Investors; and <I>provided
further</I>, &ldquo;Registrable Securities&rdquo; shall not include any securities that (x) have been sold pursuant to a Registration
Statement or pursuant to Rule 144, (y) are eligible to be immediately sold to the public without registration or restriction (including
without limitation as to volume by each holder thereof), and without compliance with any &ldquo;current public information&rdquo; requirement,
pursuant to Rule 144 under the Securities Act assuming, in the case of any Warrants, the exercise thereof for cash.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(xiii) &ldquo;Registration Deadline&rdquo;
shall mean, for purposes of any Registration Statement required pursuant to Section 2(a)(i), the date that is seventy-five (75) days after
the applicable Filing Deadline, and with respect to any Registration Statement required pursuant to Section 2(a)(ii), the Additional Registration
Deadline. Any Registration Deadline (or any extension thereof) shall be automatically extended if the Company has, and continues to use,
its commercially reasonable efforts to respond and resolve any comments to the Registration Statement received from the SEC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(xiv) &ldquo;Registration Failure&rdquo;
means that (A) the Company fails to file with the SEC on or before the Filing Deadline any Registration Statement required to be filed
pursuant to Section 2 hereof, (B) the Company fails to file any additional Registration Statement required to be filed pursuant to Section
2(a)(ii) hereof on or before the Additional Filing Deadline, or (C) the Registration Statement required to be filed hereunder, after its
initial effectiveness and during the applicable Registration Period, lapses in effect or, other than on a day during an Allowable Grace
Period, sales of all of the Registrable Securities cannot otherwise be made thereunder by reason of the Company&rsquo;s failure to amend
or supplement the Prospectus included therein in accordance herewith or the Company&rsquo;s failure to file with the SEC an additional
Registration Statement or amended Registration Statement required pursuant to Section 2(a)(ii) or 3(b) hereof, as applicable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(xv) &ldquo;Registration Statement(s)&rdquo;
means any registration statement(s) of the Company filed under the Securities Act that covers the resale of any of the Registrable Securities
pursuant to the provisions of this Agreement, all amendments and supplements to such Registration Statement, including post-effective
amendments, and all exhibits to, and all material incorporated by reference in, such Registration Statement.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(xvi) &ldquo;Rule 415&rdquo;
means Rule 415 under the Securities Act or any successor rule providing for the offering of securities on a continuous basis.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(xvii) &ldquo;Series A Common
Equivalent Preferred Stock&rdquo; means the Series A Common Stock Equivalent Convertible Preferred Stock of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(xviii) &ldquo;Warrants&rdquo;
means any warrants, options or similar securities, including the Pre-Financing Warrants and the 2022 Warrants.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.
</FONT>REGISTRATION.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">a. <B>MANDATORY REGISTRATION.</B>
(i) Following the date of this Agreement, the Company shall prepare, and, on or prior to the applicable Filing Deadline, file with the
SEC a Registration Statement (the &ldquo;Mandatory Registration Statement&rdquo;) on Form S-3 (or, if Form S-3 is not then available,
on such form of Registration Statement as is then available to effect a Registration of the Registrable Securities, subject to the consent
of the Investors, which consent shall not be unreasonably withheld), covering the resale of all of the Registrable Securities, which Registration
Statement, to the extent allowable under the Securities Act and the rules and regulations promulgated thereunder (including Rule 416),
shall state that such Registration Statement also covers such indeterminate number of additional shares of Common Stock as may become
issuable upon exercise or conversion of or otherwise pursuant to the Convertible Securities to prevent dilution resulting from stock splits,
stock dividends, stock issuances or similar transactions. The number of shares of Common Stock initially included in such Registration
Statement shall be no less than 9,643,532, subject to adjustment for any Stock Event (as defined in the 2022 Warrants) occurring prior
to the effective date of such Registration Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(ii) If for any reason, despite
the Company&rsquo;s use of its commercially reasonable efforts to include all of the Registrable Securities requested or required to be
included in any Registration Statement filed pursuant to Section 2(a)(i) (and subject to Section 3(q) below), the SEC does not permit
all such Registrable Securities to be included in such Registration Statement, or for any other reason any such Registrable Securities
are not then included in a Registration Statement, then the Company shall prepare, and, as soon as practicable after notice from the SEC
of such exclusion but in no event later than the Additional Filing Deadline, file with the SEC an additional Registration Statement on
Form S-3 (or, if Form S-3 is not then available, on such form of Registration Statement as is then available to effect a Registration
of the Registrable Securities, subject to the consent of the Investors, which consent shall not be unreasonably withheld) covering the
resale of all Registrable Securities requested or required to be included in such Registration Statement filed pursuant to Section 2(a)(i)
and not already covered by an existing and effective Registration Statement for an offering to be made on a continuous basis pursuant
to Rule 415.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(iii) Subject to any SEC comments,
any Registration Statement pursuant to this Section 2(a) shall include a &ldquo;plan of distribution&rdquo; approved by the holders of
a majority-in-interest of the Registrable Securities to be included in such Registration Statement. No Investor shall be named as an &ldquo;underwriter&rdquo;
in the Registration Statement without the Investor&rsquo;s prior written consent; <I>provided that</I>, notwithstanding any other provision
in this Agreement, if despite the Company&rsquo;s compliance with Section <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 13pt"><B>&lrm;</B></FONT>3(p),
the SEC or the Securities Act requires such Investor(s) to be named as an &ldquo;underwriter&rdquo; in the Registration Statement and
such Investor(s) withhold written consent to be so</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">named, the Company&rsquo;s failure
to fulfill its obligations under this Section <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 13pt"><B>&lrm;</B></FONT>2(a)
as a result thereof shall not constitute a violation of this Agreement. Each Registration Statement (and each amendment or supplement
thereto, and each request for acceleration of effectiveness thereof) shall be provided to, and shall be subject to the approval, which
shall not be unreasonably withheld or delayed, of the Investors and Legal Counsel (as defined below) prior to its filing or other submission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">b. <B>PIGGY-BACK REGISTRATIONS.</B>
If at any time prior to the earlier of (i) five (5) years after the date of this Agreement and (ii) the expiration of the Registration
Period (as defined below) the Company shall determine (A) to file with the SEC a registration statement under the Securities Act relating
(in whole or in part) to an offering of shares of Common Stock for its own account or for the account of any other holder of its equity
securities (other than securities being registered on Form S-4 or Form S-8 or their then equivalents relating to equity securities to
be issued solely in connection with any acquisition of any entity or business or equity securities issuable in connection with stock option
or other employee benefit plans), and/or (B) otherwise to effect an underwritten offering of any securities of the Company of a type included
in a then effective Registration Statement such that the registration of such securities would include substantially the same information
as would be required to be included in a registration statement covering the sale of Registerable Securities (other than &ldquo;at the
market&rdquo; or &ldquo;registered direct&rdquo; offerings on behalf of the Company), the Company shall send to each Investor written
notice of such determination at least ten (10) days prior to the anticipated filing date of the registration statement and, if within
five (5) days after the receipt of such notice, the Investor shall so request in writing, the Company shall include in such Registration
Statement and/or include in such underwritten offering, as applicable, all or any part of such Investor&rsquo;s Registrable Securities
that the Investor requests to be registered and/or included in the underwritten offering, as applicable, except that if, in connection
with any underwritten offering for the account of the Company, the managing underwriter(s) thereof shall impose a limitation on the number
of Registrable Securities which may be included in such offering because, in such underwriter(s)&rsquo; sole judgment and discretion,
marketing or other factors dictate such limitation is necessary to facilitate a successful offering, then the Company shall be obligated
to include in such underwritten offering only such limited portion of the Registrable Securities with respect to which the Investor has
requested inclusion hereunder as the underwriter(s) shall permit in their sole judgment and discretion;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>provided, however</I></B>, that the Company
shall not exclude any Registrable Securities unless the Company has first excluded all outstanding securities to be sold for the accounts
of any holders of the Company&rsquo;s equity securities which are not entitled by contract to inclusion of such securities in an underwritten
offering or are not entitled to pro rata inclusion with the Registrable Securities; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>provided, further, however</I></B>, that,
after giving effect to the immediately preceding proviso, any exclusion of Registrable Securities shall be made pro rata with holders
of other securities having the contractual right to include such securities in such underwritten offering (except to the extent that the
inclusion of such securities would reduce the amount of the Registrable Securities (as defined in the IRA) of the Holders (as defined
in the IRA) that are included in such Registration Statement). No right to registration of Registrable Securities under this Section 2(b)
shall be construed to limit any Registration required under Section 2(a) hereof. If an Investor&rsquo;s Registrable Securities are included
in an underwritten offering pursuant to this Section 2(b), then such Investor</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">shall, unless otherwise agreed by the Company,
offer and sell such Registrable Securities in such underwritten offering using the same underwriter or underwriters and, subject to the
provisions of this Agreement, on the same terms and conditions as other shares of Common Stock included in such underwritten offering.
Notwithstanding the foregoing, if, prior to the effectiveness of the Registration Statement described in Section 2(b) above, the Company
determines for any reason not to proceed with the offering, the Company shall give notice to the Investors and shall be relieved of its
obligation to Register any Registrable Securities in connection with such Registration Statement (but, for the avoidance of doubt, the
Company shall not be relieved of its obligations pursuant to Section 6).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">c. <B>NOTICES</B>. Each Investor
acknowledges and agrees that, in the event the Company would be required by the terms of this Section 2 to provide notice to such Investor
of the filing of any Registration Statement (including for purposes of an underwritten offering pursuant to Section 2(b) hereof) in which
any Registrable Securities of any Investor are eligible to be included, the Company shall provide such notice only to counsel to such
Investor (which shall be Katten Muchin Rosenman LLP (Attn: Mark D. Wood and Jonathan D. Weiner) or such other counsel as shall have been
designated by such Investor), unless such Investor has given prior written instructions to the contrary to the Company.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.
</FONT>OBLIGATIONS OF THE COMPANY. <FONT STYLE="font-weight: normal">In connection with any Registration of the Registrable Securities
hereunder, the Company shall have the following obligations: </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">a. The Company shall prepare
promptly, and file with the SEC as soon as practicable after such registration obligation arises hereunder (but in no event later than
the applicable Filing Deadline), such Registration Statements with respect to the Registrable Securities as provided in Section 2(a),
and thereafter use its commercially reasonable efforts to cause each such Registration Statement relating to Registrable Securities to
become effective as soon as possible after such filing, but in any event shall use its commercially reasonable efforts to cause each such
Registration Statement relating to Registrable Securities to become effective no later than the applicable Registration Deadline, and
shall use its commercially reasonable efforts to keep the Registration Statement current and effective pursuant to Rule 415 at all times
after its effective date until such date as is the earlier of (i) the date on which all of the Registrable Securities included in such
Registration Statement have been sold pursuant to such Registration Statement or pursuant to Rule 144 and (ii) the date on which all of
the Registrable Securities included in such Registration Statement (in the opinion of counsel to the Investors) may be immediately sold
to the public without registration or restriction (including without limitation as to volume by each holder thereof), and without compliance
with any &ldquo;current public information&rdquo; requirement, pursuant to Rule 144 under the Securities Act, assuming, in the case of
Warrants, the exercise thereof for cash (the &ldquo;Registration Period&rdquo;), or (iii) the date on which the securities no longer constitute
Registrable Securities, which Registration Statement (including any amendments or supplements thereto and Prospectuses contained therein
or related thereto), except for information provided in writing by an Investor pursuant to Section 4(a), shall not contain any untrue
statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein
not misleading. In the event that Form S-3 is not available for the registration of the resale of any Registrable Securities hereunder
(but, for the avoidance of doubt, without in any way affecting the Company&rsquo;s obligation to Register the resale of the Registrable
Securities on such other form as is available, as provided in Section 2(a)), (i) the Company shall undertake to file, within thirty (30)</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">days of such time as such form
is available for such Registration, a post-effective amendment to any Registration Statement covering the Registrable Securities then
in effect, or otherwise file a Registration Statement on Form S-3, registering such Registrable Securities on Form S-3; provided that
the Company shall use its commercially reasonable efforts to maintain the effectiveness of any Registration Statement then in effect covering
the Registrable Securities until such time as a Registration Statement (or post-effective amendment) on Form S-3 covering such Registrable
Securities has been declared effective by the SEC, and (ii) the Company shall provide that any Registration Statement on Form S-1 filed
hereunder shall incorporate documents by reference (including by way of forward incorporation by reference) to the maximum extent possible.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">b. The Company shall prepare
and file with the SEC such amendments (including post-effective amendments) and supplements to each Registration Statement and the Prospectus
used in connection with each Registration Statement as may be necessary to keep each Registration Statement (or, as applicable, another
Registration Statement covering the Registrable Securities) current and effective at all times during the Registration Period, and, during
the Registration Period, shall comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities
of the Company covered by each Registration Statement until such time as all of such Registrable Securities have been disposed of in accordance
with the intended methods of disposition by the seller or sellers thereof as set forth in such Registration Statement. In the event that
on any Trading Day (as defined below) (the &ldquo;Registration Trigger Date&rdquo;) the number of shares available under the Registration
Statements filed pursuant to this Agreement is insufficient to cover all of the Registrable Securities issued or issuable upon exercise
or conversion of the Convertible Securities, without giving effect to any limitations on the Investors&rsquo; ability to exercise or convert
the Convertible Securities (and, in the case of Warrants, assuming the exercise thereof for cash), the Company shall amend the Registration
Statements, or file a new Registration Statement (on the short form available therefor, if applicable), or both, so as to cover the total
number of Registrable Securities so issued or issuable (without giving effect to any limitations on exercise or conversion contained in
the Convertible Securities and, in the case of any Warrants, assuming the exercise thereof for cash) as of the Registration Trigger Date
as soon as practicable, but in any event within thirty (30) days after the Registration Trigger Date. The Company shall use its commercially
reasonable efforts to cause such amendment and/or new Registration Statement to become effective as soon as practicable following the
filing thereof, but in any event within sixty (60) days of the Registration Trigger Date or as promptly as practicable in the event the
Company is required to increase its authorized shares. &ldquo;Trading Day&rdquo; shall mean any day on which the Common Stock is traded
for any period on the NASDAQ Global Market or, if not the NASDAQ Global Market, the principal securities exchange or other securities
market on which the Common Stock is then being traded.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">c. The Company shall furnish
to each Investor and Legal Counsel (i) promptly after the same is prepared and publicly distributed, filed with the SEC or received by
the Company, one copy of each Registration Statement and any amendment thereto, each preliminary Prospectus and Prospectus and each amendment
or supplement thereto, and, each letter written by or on behalf of the Company to the SEC or the staff of the SEC, and each item of correspondence
from the SEC or the staff of the SEC, in each case relating to such Registration Statement (other than any portion thereof which contains
information for which the Company has sought or intends to seek confidential treatment, which contains or reflects any material non-public
information with respect to the Company or its securities), and (ii) such number of copies of a Prospectus, including a</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">preliminary Prospectus, and
all amendments and supplements thereto and such other documents as an Investor may reasonably request in order to facilitate the disposition
of the Registrable Securities owned by such Investor; provided that the Company may provide any such copies in electronic form only. The
Company will promptly notify each of the Investors by electronic mail of the effectiveness of each Registration Statement or any post-effective
amendment thereto. To the extent applicable, the Company will use commercially reasonable efforts to promptly respond to any and all comments
received from the SEC with respect to any Registration Statement filed pursuant to this Agreement, with a view towards causing each Registration
Statement or any amendment thereto to become effective (to the extent required, by declaration or ordering of effectiveness, of such Registration
Statement or amendment by the SEC) as soon as practicable, and, as soon as practicable, but in no event later than four (4) Business Days,
following the resolution or clearance of all SEC comments or, if applicable, following notification by the SEC that any such Registration
Statement or any amendment thereto will not be subject to review, shall file a request for acceleration of effectiveness of such Registration
Statement (to the extent required for such Registration Statement or amendment to become effective, by declaration or ordering of effectiveness,
of such Registration Statement or amendment by the SEC) to a time and date not later than two (2) Business Days after the submission of
such request. No later than two (2) Business Days after the Registration Statement becomes effective, the Company shall file with the
SEC the final Prospectus included in the Registration Statement pursuant to Rule 424 (or successor thereto) under the Securities Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">d. The Company shall use its
commercially reasonable efforts to (i) register and qualify, in any jurisdiction in the United States where registration and/or qualification
is required, the Registrable Securities covered by the Registration Statements under such other securities or &ldquo;blue sky&rdquo; laws
of such jurisdictions in the United States as the Investors shall reasonably request, (ii) prepare and file in those jurisdictions such
amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be reasonably necessary
to maintain the effectiveness thereof during the Registration Period, (iii) take such other actions as may be reasonably necessary to
maintain such registrations and qualifications in effect at all times during the Registration Period, and (iv) take all other actions
reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; except that in no event shall
the Company be required to qualify to do business as a foreign corporation in any jurisdiction where it would not, but for the requirements
of this paragraph (d), be required to be so qualified, to subject itself to taxation in any such jurisdiction or to consent to general
service of process in any such jurisdiction, except where the Company is then already required to be so qualified, already subject to
taxation or required to consent to general service of process.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">e. As promptly as practicable
after becoming aware of such event, the Company shall notify each Investor that holds Registrable Securities of the happening of any event,
of which the Company has knowledge, as a result of which the Prospectus included in any Registration Statement, as then in effect, includes
an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements
therein not misleading, and, subject to Section 3(r), shall use its commercially reasonable efforts to promptly prepare a supplement or
amendment to any Registration Statement to correct such untrue statement or omission, and deliver such number of copies of such supplement
or amendment to each Investor as such Investor may reasonably request.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">f. The Company shall use its
commercially reasonable efforts to prevent the issuance of any stop order or other suspension of effectiveness of any Registration Statement
and, if such an order is issued, to obtain the withdrawal of such order as promptly as reasonably practicable and to notify each Investor
that holds Registrable Securities covered by such Registration Statement of the issuance of such order and the resolution thereof, in
each case as promptly as reasonably practicable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">g. The Company shall permit
one outside legal counsel designated by the Investors (which shall be Katten Muchin Rosenman LLP (Attn: Mark D. Wood) or such other counsel
as shall have been designated by the Investors) (&ldquo;Legal Counsel&rdquo;) to review such Registration Statement and all amendments
and supplements thereto (as well as all requests for acceleration or effectiveness thereof but excluding the Company&rsquo;s filings under
the Exchange Act and excluding any amendment or supplement to a Registration Statement that is substantially similar to the Company&rsquo;s
filings under the Exchange Act), a reasonable period of time prior to their filing with the SEC (not less than five (5) but not more than
ten (10) Business Days prior to such filing) and not file any documents in a form to which Legal Counsel reasonably objects and will not
request acceleration of such Registration Statement without prior notice to Legal Counsel; <I>provided that</I>, notwithstanding the foregoing,
in no event shall the Company be (i) required to file any document with the SEC which in the view of the Company or its counsel contains
any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make any statement
therein not misleading or (ii) prohibited from filing any document with the SEC which the Company or its counsel reasonably believes to
be required by law to be so filed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">h. The Company shall hold in
confidence and not make any disclosure of information concerning an Investor provided to the Company unless (i) disclosure of such information
is necessary to comply with federal or state securities laws or otherwise required in the context of any Registration Statement or offering
of securities in which any Investor participates, (ii) the disclosure of such information is necessary to avoid or correct a misstatement
or omission in any Registration Statement, (iii) the release of such information is ordered pursuant to a subpoena or other order from
a court or governmental body of competent jurisdiction, or (iv) such information has been made generally available to the public other
than by disclosure in violation of this Agreement or any other agreement. The Company agrees that it shall, upon learning that disclosure
of such information concerning any Investor is sought in or by a court or governmental body of competent jurisdiction or through other
means, give prompt notice to such Investor prior to making such disclosure, and allow such Investor, at such Investor&rsquo;s expense,
to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, such information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">i. The Company shall use its
commercially reasonable efforts to cause all the Registrable Securities covered by each Registration Statement to be listed on the principal
U.S. securities exchange on which securities of the same class or series issued by the Company are then listed, and to arrange for at
least two market makers to register with FINRA as such with respect to such Registrable Securities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">j. The Company shall provide
a transfer agent and registrar, which may be a single entity, for the Registrable Securities not later than the effective date of the
initial Registration Statement.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">k. The Company shall cooperate
with each Investor that holds Registrable Securities being offered and the managing underwriter or underwriters with respect to an applicable
Registration Statement, if any, to facilitate the timely (i) preparation and delivery of certificates (not bearing any restrictive legends)
representing Registrable Securities to be offered pursuant to such Registration Statement, and enable such certificates to be registered
in such names and in such denominations or amounts, as the case may be, or (ii) crediting of the Registrable Securities to be offered
pursuant to a Registration Statement to the applicable account (or accounts) with DTC through its Deposit/Withdrawal At Custodian (DWAC)
system, in any such case as such Investor or the managing underwriter or underwriters, if any, may reasonably request. Within two (2)
Business Days after a Registration Statement which includes Registrable Securities becomes effective, the Company shall deliver, and,
if required by the transfer agent, shall cause legal counsel selected by the Company to deliver, to the transfer agent for the Registrable
Securities (with copies to each Investor) an appropriate instruction and an opinion of such counsel in the form required by the transfer
agent in order to issue or transfer (as applicable) the Registrable Securities free of restrictive legends.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">l. At the reasonable request
of an Investor, the Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements
to a Registration Statement and any Prospectus used in connection with the Registration Statement as may be necessary in order to change
the plan of distribution set forth in such Registration Statement, in each case as promptly as is reasonably practicable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">m. Except to the extent required
by the Amended and Restated Investors&rsquo; Rights Agreement, dated as of June 12, 2019, among the Company and the investors signatory
thereto (for the avoidance of doubt, without giving effect to any amendment, restatement, or other modification thereof) (the &ldquo;IRA&rdquo;),
the Company shall not, and shall not agree to, allow the holders of any Common Stock or other securities of the Company to include any
of their securities (other than Registrable Securities) in any Registration Statement filed pursuant to Section 2(a) or any amendment
or supplement thereto under Section 3(b) hereof without the consent of Investors holding a majority-in-interest of the then outstanding
Registrable Securities. In addition, the Company shall not include any securities for its own account or, unless required by the IRA,
the account of others in any Registration Statement filed pursuant to Section 2(a) or any amendment or supplement thereto filed pursuant
to Section 3(b) hereof without the consent of Investors holding a majority-in-interest of the then outstanding Registrable Securities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">n. The Company shall comply
in all material respects with all applicable laws related to a Registration Statement and offering and sale of securities and all applicable
rules and regulations of governmental authorities in connection therewith (including the Securities Act and the Exchange Act and the rules
and regulations promulgated by the SEC).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">o. If required by the FINRA
Corporate Financing Department, the Company shall promptly effect a filing with FINRA pursuant to FINRA Rule 5110 (or successor thereto)
with respect to the public offering contemplated by resales of securities under the Registration Statement (an &ldquo;Issuer Filing&rdquo;),
and pay the filing fee required by such Issuer Filing. The Company shall use its commercially reasonable efforts to pursue the Issuer
Filing until FINRA issues a letter confirming that it does not object to the terms of the offering contemplated by the Registration Statement.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">p. If at any time the SEC advises
the Company in writing that the offering of some or all of the Registrable Securities in a Registration Statement is not eligible to be
made on a delayed or continuous basis under the provisions of Rule 415 under the Securities Act, the Company shall use its commercially
reasonable efforts to persuade the SEC that the offering contemplated by a Registration Statement is a bona fide secondary offering and
not an offering &ldquo;by or on behalf of the issuer&rdquo; as defined in Rule 415 and that none of the Investors is an &ldquo;underwriter.&rdquo;
The Investors shall have the right to participate or have their respective legal counsel be advised of, and consulted with regarding any
meetings or discussions with the SEC regarding the SEC&rsquo;s position and to comment or have their respective counsel comment on any
written submission made to the SEC with respect thereto. In the event that, despite the Company&rsquo;s commercially reasonable efforts
and compliance with the terms of this Section 3(p), the SEC refuses to alter its position, the Company shall remove from the Registration
Statement such portion of the Registrable Securities as the SEC requires in writing be removed therefrom. Any such cut-back imposed by
the SEC as contemplated by this Section 3(p) shall be imposed on a pro rata basis (based upon the Registrable Securities held by each
of the Investors).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">q. Subject to the limitations
contained herein, the Company shall use its commercially reasonable efforts to take all other reasonable actions arising out of its obligations
under this Agreement and necessary to facilitate the disposition by the Investors of the Registrable Securities pursuant to a Registration
Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">r. Notwithstanding anything
to the contrary in Section 3(e), the Company may postpone effecting a Registration other than a Registration contemplated by Section 2(a)(i)
or, at any time after the effective date of the applicable Registration Statement, the Company may suspend the use of any prospectus forming
a part of such Registration Statement, if (i) other than in connection with the Mandatory Registration Statement contemplated by Section
2(a)(i), the Board of Directors of the Company determines that any registration or offering of Registrable Securities should not be made
or continued because it would materially and adversely interfere with any existing or potential material financing, acquisition, corporate
reorganization, merger, share exchange or other transaction or event involving the Company or any of its subsidiaries or because the Company
does not have appropriate financial statements of any acquired or to-be-acquired entities available for filing, or (ii) the Board of Directors
of the Company determines that it would otherwise be required to disclose material non-public information concerning the Company, the
disclosure of which (A) is not otherwise required and which the Company has a bona fide business purpose for preserving in confidence
and (B) at the time is not, in the good faith opinion of the Board of Directors of the Company and its counsel, in the best interests
of the Company (the period of such postponement or suspension, a &ldquo;Grace Period&rdquo;); provided, that the Company shall (x) promptly
notify the Investors in writing of the existence of the Grace Period (provided that in each notice the Company shall not disclose the
content of any material non-public information to any Investor unless otherwise requested in writing by such Investor) and the date on
which the Grace Period will begin, and (y) as soon as such date may be determined, promptly notify the Investors in writing of the date
on which the Grace Period ends; and, provided, further, that (x) no Grace Period shall exceed sixty (60) consecutive days, (y) during
any three hundred sixty five (365) day period, such Grace Periods shall not exceed an aggregate of ninety (90) days, and (z) the first
day of any Grace Period must be at least ten (10) days after the last day of any prior Grace Period (each Grace Period that satisfies
all of the requirements of this Section 3(r) being referred to as an &ldquo;Allowable Grace Period&rdquo;). For purposes of determining
the length of a Grace Period above, the Grace Period shall</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">begin on and include the date
the Investors receive the notice referred to in clause (i) and shall end on and include the later of the date the Investors receive the
notice referred to in clause (ii) and the date referred to in such notice. The provisions of Section 3(e) hereof shall not be applicable
during the period of any Allowable Grace Period. Upon expiration of the Grace Period, the Company shall again be bound by the first sentence
of Section 3(e) with respect to the information giving rise thereto unless such material non-public information is no longer applicable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">s. The Company shall not after
the date of this Agreement grant any Person any registration rights with respect to shares of Common Stock or any other securities of
the Company other than registration rights that will not adversely affect the rights of the Investors hereunder (including by limiting
in any way the number of Registrable Securities that could be included in any Registration Statement pursuant to Rule 415) and shall not
otherwise enter into any agreement that is inconsistent with the rights granted to the Investors hereunder; <I>provided that</I> the grant
of registration rights to other current or future securityholders shall not in and of itself be deemed to adversely affect the rights
of the Investors hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">t. At all times during the Registration
Period, (a) the Company shall use reasonably best efforts to cause the Common Stock to be eligible for clearing through DTC, through its
Deposit/Withdrawal At Custodian (DWAC) system; (b) the Company shall be eligible and participating in the Direct Registration System (DRS)
of DTC with respect to the Common Stock; (c) the transfer agent for the Common Stock shall be a participant in, and the Common Stock shall
be eligible for transfer pursuant to, DTC&rsquo;s Fast Automated Securities Transfer Program (or successor thereto); and (d) the Company
shall use its reasonable best efforts to cause the Common Stock to not at any time be subject to any DTC &ldquo;chill,&rdquo; &ldquo;freeze&rdquo;
or similar restriction with respect to any DTC services, including the clearing of shares of Common Stock through DTC, and, in the event
the Common Stock becomes subject to any DTC &ldquo;chill,&rdquo; &ldquo;freeze&rdquo; or similar restriction with respect to any DTC services,
the Company shall use its reasonable best efforts to cause any such &ldquo;chill,&rdquo; &ldquo;freeze&rdquo; or similar restriction to
be removed at the earliest possible time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">u. The Company acknowledges
and agrees that the undertaking set forth in Section 4(e) of this Agreement constitutes the &ldquo;Undertaking&rdquo; (as defined in the
2022 Warrants) of each Investor that holds a 2022 Warrant and that no additional Undertaking by or on behalf of any such Investor shall
be required to satisfy clause (A) of the definition of &ldquo;Unrestricted Conditions&rdquo; under the 2022 Warrants.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.
</FONT>OBLIGATIONS OF THE INVESTOR. <FONT STYLE="font-weight: normal">In connection with the Registration of the Registrable Securities,
each Investor shall have the following obligations:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">a. It shall be a condition precedent
to the obligations of the Company to complete the Registration pursuant to this Agreement with respect to the Registrable Securities of
an Investor that such Investor shall furnish to the Company such information regarding itself, the Registrable Securities held by it and
the intended method of disposition of the Registrable Securities held by it as shall be reasonably required to effect the Registration
of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request.
At least five (5) Business Days prior to the first anticipated filing date of a Registration Statement, the Company shall notify each
Investor of the information the Company requires from such Investor. Any such information shall not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein not misleading.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">b. Each Investor, by such Investor&rsquo;s
acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company in connection with
the preparation and filing of a Registration Statement hereunder, unless such Investor has notified the Company in writing of such Investor&rsquo;s
election to exclude all of the Investor&rsquo;s Registrable Securities from such Registration Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">c. In the event of an underwritten
offering pursuant to Section 2(b) in which any Registrable Securities of any Investor are to be included, such Investor agrees to enter
into and perform the Investor&rsquo;s obligations under an underwriting agreement, in usual and customary form, including customary indemnification
and contribution obligations (as applicable to selling security holders generally), with the managing underwriter of such offering; provided,
that no Investor including Registrable Securities in any underwritten offering shall be required to make any representations or warranties
to the Company or the underwriters other than representations and warranties regarding such Investor, such Investor&rsquo;s ownership
of its Registrable Securities to be sold in the offering and such Investor&rsquo;s intended method of distribution or to undertake any
indemnification obligations to the Company or the underwriters with respect thereto except to the extent expressly set forth in Section
7 hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">d. Each Investor agrees that,
upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(e) or 3(f), such Investor
will immediately discontinue disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities
until such Investor&rsquo;s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 3(e) or 3(f); provided,
however, that the foregoing shall not prohibit or require the Investor to discontinue the settlement of any sale of Registrable Securities
with respect to which an Investor has entered into a contract for sale prior to the Investor&rsquo;s receipt of a notice from the Company
of the happening of any event of the kind described in Section 3(e) or 3(f).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">e. Each Investor that holds
a 2022 Warrant undertakes that it will only sell Warrant Shares issued without a restrictive legend and without being subject to stop
transfer or similar instructions (or with respect to which a restrictive legend or such instruction has been removed) pursuant to clause
(A) of the definition of &ldquo;Unrestricted Conditions&rdquo; (as such term is defined in the 2022 Warrants) pursuant to an effective
Registration Statement or Rule 144 under the Securities Act and, if the Warrant Shares (as defined in the 2022 Warrants) are sold pursuant
to a Registration Statement, they will be sold in compliance with the plan of distribution set forth therein. The Company and its counsel
and transfer agent shall be entitled to rely on the foregoing undertakings in issuing instructions letters and opinions.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.
</FONT><FONT STYLE="text-transform: uppercase">Registration Failure.</FONT> <FONT STYLE="font-weight: normal">If a Registration Failure
occurs, then, in addition to all other available remedies that the Investors may pursue hereunder or under any other document or agreement
to which it is a party, including the Transaction Documents (as defined below), the Company shall pay additional damages (the &ldquo;Failure
Payment&rdquo;) to each Investor for each 30-day period (prorated for any partial period) after the date of such Registration Failure
in an amount in cash equal to one percent (1.00%) of an amount equal to the product of (y) the number of </FONT></P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-weight: normal">Registrable
Securities held by such Investor, multiplied by (z) the Market Price (as defined in the 2022 Warrants), in each case, as of the date such
Registration Failure occurs. Such payments shall accrue until the earlier of (i) such time as the Registration Failure has been cured
and (ii) the date on which all of the Registrable Securities may be disposed of for the Holder&rsquo;s own account without restriction
under Rule 144 (including, without limitation, volume restrictions and without need for the availability of &ldquo;current public information&rdquo;
under Rule 144). Each Investor shall be entitled to its pro rata portion of any such payments based upon the number of Registrable Securities
held by such Investor included, or to be included, as applicable, relative to the total number of Registrable Securities included, or
to be included, as applicable, in the Registration Statement giving rise to such payment. Notwithstanding anything express or implied
to the contrary in the foregoing provisions of this Section 5, (1) no Failure Payment shall accrue or be payable with respect to any period
after the expiration of the applicable Registration Period and (2) no Failure Payment shall accrue or be payable with respect to any period
that a Registration Statement is unavailable for resales of Registrable Securities solely due to a breach by an Investor that holds any
such Registrable Securities of its obligations under Section 4 hereof.</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.
</FONT>EXPENSES OF REGISTRATION. <FONT STYLE="font-weight: normal">All reasonable expenses, other than underwriting discounts and commissions
or other charges of any broker dealer acting on behalf of the Investors, incurred in connection with Registrations, filings or qualifications
pursuant to Sections 2 and 3, including all registration, listing and qualification fees, printers and accounting fees, and the fees and
disbursements of counsel for the Company shall be borne by the Company. The Company shall also reimburse the Investors for the reasonable
fees and disbursements of Legal Counsel in the aggregate amount up to $25,000 per Registration in connection with Registrations pursuant
to Section 2 or 3 of this Agreement.</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.
</FONT>INDEMNIFICATION. <FONT STYLE="font-weight: normal">In the event any Registrable Securities are included in a Registration Statement
under this Agreement:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">a. The Company will indemnify,
hold harmless and defend (i) each Investor, (ii) the directors, officers, partners, managers, members, employees and agents of each Investor,
and each Person who controls any Investor within the meaning of the Securities Act or the Exchange Act, if any, and (iii) the directors,
officers, partners and employees of, and each Person who controls, any such underwriter within the meaning of the Securities Act or the
Exchange Act, if any (each, an &ldquo;Indemnified Person&rdquo;), against any joint or several losses, claims, damages, liabilities or
expenses (collectively, together with actions, proceedings or inquiries by any regulatory or self-regulatory organization, whether commenced
or threatened, in respect thereof, &ldquo;Claims&rdquo;) to which any of them may become subject insofar as such Claims arise out of or
are based upon: (i) any untrue statement or alleged untrue statement of a material fact in any Registration Statement, or any amendment
or supplement thereto, or any filing made under state securities laws as required hereby, or the omission or alleged omission to state
therein a material fact required to be stated or necessary to make the statements therein not misleading; (ii) any untrue statement or
alleged untrue statement of a material fact contained in any Prospectus, or any amendment or supplement thereto, or the omission or alleged
omission to state therein any material fact necessary to make the statements made therein, in the light of the circumstances under which
the statements therein were made, not misleading; or (iii) any violation or alleged violation by the Company of the Securities Act, the
Exchange Act, any other law, including any state securities law, or any rule or regulation thereunder relating to the offer or sale of
the Registrable Securities (the matters in the foregoing</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">clauses (i) through (iii) being,
collectively, &ldquo;Violations&rdquo;). The Company shall reimburse the Indemnified Person, promptly as such expenses are incurred and
are due and payable, for any reasonable legal fees and other reasonable expenses incurred by them in connection with investigating or
defending any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section
7(a) shall not apply to a Claim arising out of or based upon a Violation to the extent that such Violation occurs in reliance upon and
in conformity with information furnished in writing to the Company by or on behalf of any Indemnified Person expressly for use in connection
with the preparation of such Registration Statement or related Prospectus or any such amendment thereof or supplement thereto, or to any
amounts paid in settlement of any Claim effected without the prior written consent of the Company, which consent shall not be unreasonably
withheld or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the
Indemnified Person and shall survive the transfer of the Registrable Securities by any of the Investors pursuant to Section 10.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">b. Promptly after receipt by
an Indemnified Person under this Section 7 of notice of the commencement of any action (including any governmental action), such Indemnified
Person shall, if a Claim in respect thereof is to be made against the Company under this Section 7, deliver to the Company a written notice
of the commencement thereof, and the Company shall have the right to participate in, and, to the extent the Company so desires, to assume
control of the defense thereof with counsel mutually satisfactory to the Company and the Indemnified Person, as the case may be;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>provided, however</I></B>, that an Indemnified
Person shall have the right to retain its own counsel with the reasonable fees and expenses to be paid by the Company, if, in the reasonable
opinion of counsel for such Indemnified Person, the representation by such counsel of the Indemnified Person and the Company would be
inappropriate due to actual or potential differing interests between such Indemnified Person and any other party represented by such counsel
in such proceeding. The Company shall pay for only one separate legal counsel (plus local counsel) for the Indemnified Persons, and such
legal counsel shall be selected by the Investors. The failure to deliver written notice to the Company within a reasonable time of the
commencement of any such action shall not relieve the Company of any liability to the Indemnified Person under this Section 7, except
to the extent that the Company is actually prejudiced by such failure in its ability to defend such action, and shall not relieve the
Company of any liability to the Indemnified Person otherwise than pursuant to this Section 7. The Company shall not, without the prior
written consent of the Indemnified Persons, consent to entry of any judgment or enter into any settlement or other compromise with respect
to any Claim in respect of which indemnification or contribution may be or has been sought hereunder (whether or not any such Indemnified
Person is an actual or potential party to such action or claim) which does not include as an unconditional term thereof the giving by
the claimant or plaintiff to the Indemnified Persons of a full release from all liability with respect to such Claim or which includes
any admission as to fault, culpability or failure to act on the part of any Indemnified Person. The indemnification required by this Section
7 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as any expense, loss, damage
or liability is incurred.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">c. Each Investor will indemnify,
hold harmless and defend (i)&nbsp;the Company, and (ii)&nbsp;the directors, officers, partners, managers, members, employees and agents
of the Company, if any (each, a &ldquo;Company Indemnified Person&rdquo;), against any Claims to which any of them may become subject
insofar as such Claims arise out of or are based upon any violation or alleged violation by the Company of the Securities Act, the Exchange
Act, any other law, including any state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable
Securities, which occurs due to the inclusion by the Company in a Registration Statement or Prospectus, or any amendment or supplement
thereto, of false or misleading information about an Investor, where such information was furnished in writing to the Company by or on
behalf of such Investor expressly for the purpose of inclusion in such Registration Statement or Prospectus. Notwithstanding anything
herein to the contrary, the indemnity agreement contained in this Section&nbsp;7(c) shall not apply to amounts paid in settlement of any
Claim if such settlement is effected without the prior written consent of the Investors, which consent shall not be unreasonably withheld,
conditioned or delayed; and provided, further, however, that&nbsp;an Investor shall be liable under this Section&nbsp;7(c) for only that
amount of a Claim as does not exceed the net amount of proceeds received by such Investor as a result of the sale of Registrable Securities
pursuant to such Registration Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">d. Promptly after receipt by
a Company Indemnified Person under this Section&nbsp;7 of notice of the commencement of any action (including any governmental action),
such Company Indemnified Person shall, if a Claim in respect thereof is to be made against any Investor under this Section&nbsp;7, deliver
to such Investor a written notice of the commencement thereof, and such Investor shall have the right to participate in, and, to the extent
such Investor so desires, to assume control of the defense thereof with counsel mutually satisfactory to such Investor and such Company
Indemnified Person. No Investor shall, without the prior written consent of the Company, consent to entry of any judgment or enter into
any settlement or other compromise with respect to any Claim in respect of which indemnification or contribution may be or has been sought
by any Company Indemnified Person hereunder (whether or not any such Company Indemnified Person is an actual or potential party to such
action or claim) which does not include as an unconditional term thereof the giving by the claimant or plaintiff to the Company Indemnified
Persons of a full release from all liability with respect to such Claim or which includes any admission as to fault or culpability on
the part of any Company Indemnified Person.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.
</FONT>CONTRIBUTION. <FONT STYLE="font-weight: normal">If for any reason the indemnification provided for in Section 7(a) or 7(c) (as
applicable) is unavailable to an Indemnified Person or Company Indemnified Person (as applicable) or insufficient to hold it harmless,
other than as expressly specified therein, then the indemnifying party shall contribute to the amount paid or payable by the Indemnified
Person or Company Indemnified Person (as applicable) as a result of the Claim in such proportion as is appropriate to reflect the relative
fault of the Indemnified Person or Company Indemnified Person (as applicable) and the indemnifying party (provided that the relative fault
of any Company Indemnified Person shall be deemed to include the fault of all other Company Indemnified Persons), as well as any other
relevant equitable considerations. No Person guilty of fraudulent misrepresentation within the meaning of Section&nbsp;11(f) of the Securities
Act shall be entitled to contribution from any Person not guilty of such fraudulent misrepresentation. In no event shall the contribution
obligation of an Investor be greater in amount than the net amount of proceeds received by such Investor as a result of the sale of Registrable
Securities giving rise to such contribution obligation pursuant to the applicable Registration Statement (net of the aggregate amount
of any damages or other amounts such Investor has otherwise been required to pay (pursuant to Section 7(c) or otherwise) by reason of
such Investor&rsquo;s untrue or alleged untrue statement or omission or alleged omission).</FONT></P>

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


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.
</FONT>REPORTS UNDER THE 1934 ACT. <FONT STYLE="font-weight: normal">With a view to making available to the Investors the benefits of
Rule&nbsp;144 promulgated under the Securities Act or any other similar rule or regulation of the SEC that may at any time permit the
Investors to sell securities of the Company to the public without registration, the Company agrees to, during the Registration Period:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">a. make and keep public information
available, as those terms are understood and defined in Rule&nbsp;144;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">b. file with the SEC in a timely
manner (without giving effect to any extensions pursuant to Rule 12b-25 under the Exchange Act) all reports and other documents required
of the Company under the Exchange Act so long as the Company remains subject to such requirements and the filing of such reports and other
documents is required for the applicable provisions of Rule&nbsp;144; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">c. so long as any of the Investors
owns Registrable Securities, promptly upon request, furnish to such Investor (i) a written statement by the Company that it has complied
with the reporting requirements of the Exchange Act as required for applicable provisions of Rule&nbsp;144, (ii) a copy of the most recent
annual or quarterly report of the Company and such other reports and documents so filed by the Company and (iii)&nbsp;such other information
as may be reasonably requested to permit such Investor to sell such Registrable Securities pursuant to Rule&nbsp;144 without registration.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.
</FONT>ASSIGNMENT OF REGISTRATION RIGHTS. <FONT STYLE="font-weight: normal">The rights under this Agreement shall be automatically assignable
by each Investor to any transferee of all or any portion of the Registrable Securities if: (i)&nbsp;such Investor agrees in writing with
the transferee or assignee to assign such rights, and a copy of such agreement is furnished to the Company within a reasonable time after
such assignment, (ii)&nbsp;the Company is, within a reasonable time after such transfer or assignment, furnished with written notice of
(a)&nbsp;the name and address of such transferee or assignee, and (b)&nbsp;the securities with respect to which such registration rights
are being transferred or assigned, and (iii) at or before the time the Company receives the written notice contemplated in clause (ii)
of this sentence, the&nbsp;transferee or assignee agrees in writing with the Company to be bound by all of the provisions contained herein
as applicable to an Investor. In the event that the Company receives written notice from an Investor that it has transferred all or any
portion of its Registrable Securities pursuant to this Section 10, the Company, within ten (10) days, shall file any amendments or supplements
necessary to keep a Registration Statement current, effective and available for the resale of all of the Registrable Securities pursuant
to Rule 415. The Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the
holders of a majority-in-interest of the then-outstanding Registrable Securities. </FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.
</FONT>AMENDMENT OF REGISTRATION RIGHTS. <FONT STYLE="font-weight: normal">Provisions of this Agreement may be amended and the observance
thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with written consent
of the Company and the holders of a majority in interest of then-outstanding Registrable Securities. Any amendment or waiver effected
in accordance with this Section&nbsp;11 shall be binding upon each of the Investors and the Company.</FONT></P>

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


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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.
</FONT>MISCELLANEOUS.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">a. A Person is deemed to hold,
and be a holder of, shares of Common Stock or other Registrable Securities whenever such Person owns of record or beneficially through
a &ldquo;street name&rdquo; holder such shares of Common Stock or other Registrable Securities (or the Convertible Securities or other
securities upon exercise, conversion or exchange of which such Registrable Securities are directly or indirectly issuable, without giving
effect to any limitations on exercise or conversion of the Convertible Securities or other securities, and, in the case of any Warrants,
assuming the exercise thereof for cash), and solely for purposes hereof, Registrable Securities shall be deemed outstanding to the extent
they are directly or indirectly issuable upon exercise or conversion of the Convertible Securities or other outstanding securities, Registrable
Securities, without giving effect to any limits on exercise, conversion or exchange of the Convertible Securities or other securities
and, in the case of any Warrants, assuming the exercise thereof for cash. If the Company receives conflicting instructions, notices or
elections from two or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions,
notice or election received from the registered owner of such Registrable Securities (or the Convertible Securities or other securities
upon exercise, conversion or exchange of which such Registrable Securities are directly or indirectly issuable).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">b. Any notices required or permitted
to be given under the terms hereof shall be delivered personally or by courier (including a recognized overnight delivery service) or
by electronic mail and shall be effective upon receipt, in each case addressed to a party. The addresses for such communications shall
be:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If to the Company:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Acutus Medical, Inc.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">2210 Faraday Ave Suite 100</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Carlsbad, CA 92008</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">E-mail:&#9; [
]</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With copy to:<BR></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Davis Polk &amp; Wardwell LLP</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">1600 El Camino Real<BR>
Menlo Park, CA 94025</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">E-mail: [
]</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If to an Investor:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left">c/o Deerfield Management Company, L.P.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left">345 Park Avenue South, 12th Floor</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left">New York, NY 10010</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left">Attn: Legal Department</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">E-mail: [ ]</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With a copy to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Katten Muchin Rosenman LLP</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">525 West Monroe Street</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Chicago, Il 60661</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Email: [ ]<BR> Attn: Mark D. Wood and Jonathan D. Weiner</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each party shall provide notice to the other party
of any change in address, and any additional Investor shall provide its address for purposes hereof to the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">c. Failure of any party to exercise
any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall not operate as a
waiver thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">d. Governing Law. All questions
concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced
in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof that would
result in the application of the substantive law of any other jurisdiction. Each party agrees that all legal proceedings concerning the
interpretations, enforcement and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or
its respective affiliates, directors, officers, shareholders, employees or agents) shall be commenced exclusively in the state and federal
courts sitting in the City of New York, borough of Manhattan (and, in each case, the applicable state and federal appeals courts sitting
in the City of New York or, if not available or applicable, the State of New York). Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute
hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and
agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court,
that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives
personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via
registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it
under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. The parties hereby
waive all rights to a trial by jury. If either party shall commence an action or proceeding to enforce any provision of this Agreement,
then the prevailing party in such action or proceeding shall be reimbursed by the other party for its reasonable attorneys&rsquo; fees
and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">e. This Agreement, the Credit
Agreement, the Warrants and the instruments referenced herein and therein, including the Loan Documents (as defined in the Credit Agreement)
(collectively, the &ldquo;Transaction Documents&rdquo;), constitute the entire agreement among the parties hereto with respect to the
subject matter hereof and thereof. This Agreement and the other Transaction Documents (including all schedules and exhibits hereto and
thereto) supersede all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">f. Subject to the requirements
of Section&nbsp;10 hereof, this Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each
of the parties hereto, and the provisions of Sections 7 and 8 hereof shall inure to the benefit of, and be enforceable by, each Indemnified
Person and Company Indemnified Person (as applicable).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">g. The headings in this Agreement
are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">h. This Agreement and any amendments
hereto may be executed and delivered in two or more counterparts, and by the different parties hereto in separate counterparts, each of
which when executed shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement, and
shall become effective when counterparts have been signed by each party hereto and delivered to the other parties hereto, it being understood
that all parties need not sign the same counterpart. In the event that any signature to this Agreement or any amendment hereto is delivered
by facsimile transmission, by e-mail delivery of a &ldquo;.pdf&rdquo; format data file or by other electronic means, such signature shall
create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect
as if such facsimile, &ldquo;.pdf&rdquo; or other electronic signature page were an original thereof. No party hereto shall raise the
use of a facsimile machine, e-mail delivery of a &ldquo;.pdf&rdquo; format data file or other electronic means to deliver a signature
to this Agreement or any amendment hereto or the fact that such signature was transmitted or communicated through the use of a facsimile
machine, e-mail delivery of a &ldquo;.pdf&rdquo; format data file or other electronic means as a defense to the formation or enforceability
of a contract, and each party hereto forever waives any such defense.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">i. The Company shall do and
perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements,
certificates, instruments and documents, as the Investors may reasonably request in order to carry out the intent and accomplish the purposes
of this Agreement and the consummation of the transactions contemplated hereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">j. The Company acknowledges
that a breach by it of its obligations hereunder will cause irreparable harm to the Investors by vitiating the intent and purpose of the
transactions contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for breach of its obligations hereunder
will be inadequate and agrees, in the event of a breach or threatened breach by the Company of any of the provisions hereunder, that the
Investors shall be entitled, in addition to all other available remedies in law or in equity, to an injunction or injunctions to prevent
or cure breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity
of showing economic loss and without any bond or other security being required. Notwithstanding the foregoing, no Investor shall have
any right to obtain or seek an injunction restraining or otherwise delaying any Registration to which Section 2(b) may be applicable as
the result of any controversy that might arise with respect to the interpretation or implementation of this Agreement.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">k. The language used in this
Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will
be applied against any party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">l. In the event that any provision
of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative
to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any provision hereof
which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">m. In the event an Investor
shall sell or otherwise transfer any of such holder&rsquo;s Registrable Securities, each transferee shall be allocated a pro rata portion
of the number of Registrable Securities included in a Registration Statement for such transferor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">n. There shall be no oral modifications
or amendments to this Agreement. This Agreement may be modified or amended only in writing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">o. The obligations of each Investor
hereunder are several and not joint with the obligations of any other Investor, and no provision of this Agreement (or any other Transaction
Document) is intended to confer any obligations on any Investor vis-&agrave;-vis any other Investor. Nothing contained herein (or in any
Transaction Document), and no action taken by any Investor pursuant hereto (or thereto), shall be deemed to constitute the Investors as
a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Investors are in any way
acting in concert or as a group with respect to such obligations or the transactions contemplated herein (or therein).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">p. Unless the context otherwise
requires, (i) all references to Sections, Schedules or Exhibits are to Sections, Schedules or Exhibits contained in or attached to this
Agreement, (ii) words in the singular or plural include the singular and plural, and pronouns stated in either the masculine, the feminine
or neuter gender shall include the masculine, feminine and neuter, and (iii) the use of the word &ldquo;including&rdquo; in this Agreement
shall be by way of example rather than limitation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>[Remainder of page left intentionally blank]</B></P>

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

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

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
Investors and the Company have caused this Registration Rights Agreement to be duly executed as of the date first written above.</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;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>COMPANY:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>ACUTUS MEDICAL, INC.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>/s/ David Roman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Name: David Roman</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.6pt 0pt 0; text-align: justify">Title: &nbsp;&nbsp;Chief Financial Officer</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.6pt 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
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    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
Investors and the Company have caused this Registration Rights Agreement to be duly executed as of the date first written above.</P>

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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>INVESTORS:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>DEERFIELD PARTNERS, L.P.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By: &#9;Deerfield Mgmt, L.P.,</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">its General Partner</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">By:&#9;J.E. Flynn Capital, LLC,</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">its General Partner</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">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>/s/ David J. Clark&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Name: David J. Clark</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title:&nbsp;&nbsp; Authorized Signatory</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>DEERFIELD PRIVATE DESIGN FUND III, L.P.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By: &#9;Deerfield Mgmt III, L.P.,</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">its General Partner</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">By:&#9;J.E. Flynn Capital III, LLC,</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">its General Partner</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">By: &nbsp;&nbsp;&nbsp;&nbsp; <U>/s/ David J. Clark&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Name: David J. Clark</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title: &nbsp;Authorized Signatory</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]</P>

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

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