Exhibit 10.1
FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
This FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT (this Amendment) is made as of December 27, 2023, by and among
Cibus, Inc., a Delaware corporation (the Company), and the undersigned Investors, constituting a Cibus Global Majority-In-Interest. Capitalized terms
used but not defined herein will have the meanings assigned to them in the Registration Rights Agreement (as defined below).
RECITALS
WHEREAS, on May 31, 2021, the Company entered into a Registration Rights Agreement (the Registration Rights
Agreement) with the persons identified on the Schedule of Investors attached thereto;
WHEREAS, pursuant to Section 13
thereof, the Registration Rights Agreement may be amended or modified with the prior written consent of the Company and the Cibus Global Majority-In-Interest to the
extent that such amendment or modification does not materially and adversely affect a Holder in a manner materially different than any other Holder;
WHEREAS, as of the date hereof, the undersigned Investors constitute the Cibus Global Majority-in-Interest as of the date hereof, and
WHEREAS, the Company and the Cibus Global Majority-In-Interest desire to amend the Registration Rights Agreement as set forth herein.
AGREEMENT
NOW,
THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Amendment hereby agree as follows:
Section 1. Amendments to Registration Rights Agreement.
(a) Section 3(a) of the Registration Rights Agreement is hereby deleted in its entirety and replaced with the following:
(a) Right to Piggyback. Following the consummation of the Merger Agreement, whenever the Company proposes to register any of its
securities under the Securities Act (other than (i) pursuant to a Demand Registration, (ii) in connection with registrations on Form S-4 or S-8 promulgated by
the Securities and Exchange Commission or any successor or similar forms or (iii) a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the
sale of Registrable Securities) and the registration form to be used may be used for the registration of Registrable Securities (a Piggyback Registration), the Company shall give prompt written notice (in any event within three Business
Days after its receipt of notice of any request for registration on behalf of holders of the Companys securities (other than by the Holders) to all Holders of its intention to effect such