AMENDMENT TO STOCK ESCROW AGREEMENT
Exhibit 10.2
AMENDMENT TO STOCK ESCROW AGREEMENT
THIS AMENDMENT TO STOCK ESCROW AGREEMENT (this “Amendment”), dated as of February 29, 2024, is made and entered into by and between Arisz Acquisition Corp., a Delaware corporation (“Company”), the initial stockholders listed on the signature pages hereto (“Initial Stockholders”) and Continental Stock Transfer & Trust Company, a New York corporation (“Escrow Agent”).
W I T N E S E T H:
WHEREAS, Company, Initial Stockholders and Escrow Agent entered into that certain Stock Escrow Agreement, dated as of November 17, 2021 (the “Stock Escrow Agreement”); and
WHEREAS, Company, Initial Stockholders and Escrow Agent desire to amend the Stock Escrow Agreement so as to (a) amend the number of Escrow Shares set forth in Exhibit A thereto and (b) acknowledge the transfer of certain shares of Common Stock to third parties.
WHEREAS, Section 6.2 of the Stock Escrow Agreement states that each of the Initial Stockholders acknowledges that Chardan Capital Markets, LLC (“Representative”) is a beneficiary of the Stock Escrow Agreement and that the Agreement may not be modified or changed without the prior written consent of the Representative.
WHEREAS, all capitalized terms not defined in this Amendment shall have the respective meanings ascribed to them in the Stock Escrow Agreement.
NOW, THEREFORE, in consideration of the promises and the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, each intending to be legally bound, covenant and agree as follows:
1. Exhibit A of the Stock Escrow Agreement is hereby amended in its entirety to read as follows:
EXHIBIT A
Initial Stockholders
Name and Address of Initial Stockholder | Number of Escrow Shares | Date of Insider Letter |
Arisz Investment LLC c/o MSQ Ventures 00 Xxxx 00xx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 |
696,247 |
November 17, 2021, as amended February 29, 2024 |
2. Escrow Agent hereby acknowledges the irrevocable instructions as to the transfer of an aggregate of 336,142 shares of Common Stock pursuant to the terms of the Irrevocable Instructions Letter attached to this Agreement as Exhibit B.
3. Except as provided in this Amendment, the Stock Escrow Agreement shall remain unchanged and in full force and effect.
4. This Amendment may be executed in more than one counterpart, each of which shall be deemed an original, but all of which together shall constitute one and the same document.
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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above.
Company: | |||
Arisz Acquisition Corp., a Delaware corporation | |||
By: | /s/ Xxxx Xxxxxx-Xxxx | ||
Name: | Xxxx Xxxxxx-Xxxx | ||
Title: | Chief Executive Officer |
Escrow Agent: | |||
Continental Stock Transfer & Trust Company, a New York corporation | |||
By: | /s/ Xxx Xxxx | ||
Name: | Xxx Xxxx | ||
Title: | Vice President |
Initial Stockholders: | |||
Arisz Investment LLC | |||
By: | /s/ Xxxx Xxxxxx-Xxxx | ||
Name: | Xxxx Xxxxxx-Xxxx | ||
Title: | Managing Member | ||
/s/ Xxxx Xxxxxx-Xxxx | |||
Name: | Xxxx Xxxxxx-Xxxx | ||
/s/ Xxxx Xxxxxxxxxxxx | |||
Name: | Xxxx Xxxxxxxxxxxx | ||
/s/ Xx Xx | |||
Name: | Xx Xx | ||
/s/ Xxxxxx Xxxxxx | |||
Name: | Xxxxxx Xxxxxx | ||
/s/ Xxxxx Xxxxxxx | |||
Name: | Xxxxx Xxxxxxx |
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The undersigned hereby consents to the terms and conditions of this Agreement as required pursuant to section 6.2 of the Escrow Agreement.
Chardan Capital Markets LLC | ||
By: | /s/ Xxxxxx Xxxxxxx | |
Name: | Xxxxxx Xxxxxxx | |
Title: | Partner and Head of Investment Banking |
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EXHIBIT B
[Irrevocable Instructions Letter]
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