VOTING AND SUPPORT AGREEMENT
Exhibit 10.3
This VOTING AND SUPPORT AGREEMENT (this “Agreement”) is being executed and delivered as of November ___, 2021, by the Person named on the signature page hereto (the “Equityholder”), in favor of, and for the benefit of Tuatara Capital Acquisition Corporation, a Cayman Islands exempted company (together with its successors, including the resulting Delaware
corporation after the consummation of the Domestication (as defined below), “Tuatara”), and SpringBig, Inc., a Delaware corporation (together with its successors,
including the surviving corporation in the Merger (as defined below), the “Company”). For purposes of this Agreement, Tuatara, the Company and the Equityholder are
each a “Party” and collectively the “Parties”. Each capitalized term used and not
otherwise defined herein has the meaning ascribed to such term in the Merger Agreement (as defined below).
R E C I T A L S
WHEREAS, pursuant to and subject to the terms and conditions of that certain Agreement and Plan of Merger, dated as of the date hereof
(the “Merger Agreement”), by and among Tuatara, Tuatara Merger Sub, a Delaware corporation and a wholly owned direct Subsidiary of Tuatara (“Merger Sub”), and the Company, among other matters, (i) Tuatara will domesticate as a Delaware corporation in accordance with the applicable provisions of the Companies Law (2018 Revision)
of the Cayman Island and the General Corporation Law of the State of Delaware, and (ii) Merger Sub will merge with and into the Company (the “Merger”), with the
Company continuing as the surviving corporation and a subsidiary of Tuatara;
WHEREAS, as of the date hereof, the Equityholder is the record and beneficial owner of Company Shares and/or Company Options set forth
next to the Equityholder’s name on the signature pages hereto (such shares and options, together with any other equity interests of the Company beneficially owned by the Equityholder, the “Subject Shares”); and
WHEREAS, the Equityholder is entering into this Agreement in order to induce Tuatara and the Company to enter into the Merger Agreement
and consummate the transactions contemplated thereby, pursuant to which the Equityholder will directly or indirectly receive a material benefit.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Equityholder hereby
covenants and agrees as follows:
Section 1. Voting. To the extent the Equityholder holds Company Shares at the relevant time:
(a) The Equityholder agrees to take all actions necessary or advisable to execute and deliver the Company Stockholder Approval to the Company as promptly as practicable, and in any event within two Business Days, following the
date that Tuatara receives, and notifies the Equityholder or the Company of Tuatara’s receipt of, SEC approval and effectiveness of the Registration Statement or Proxy Statement.
(b) Prior to the date on which this Agreement is terminated in accordance with its terms (the “Voting Period”), at each meeting of the Company
Stockholders, and in each written consent or resolutions of any of the Company Stockholders in which the Equityholder is entitled to vote or consent, the Equityholder hereby unconditionally and irrevocably agrees to be present for such meeting
and vote (in person or by proxy), or consent to any action by written consent or resolution with respect to, as applicable, the Subject Shares and any other equity interests of the Company over which the Equityholder has voting power i) in favor
of, and to adopt, the Merger Agreement, the Ancillary Agreements and the transactions contemplated thereby, ii) in favor of the other matters set forth in the Merger Agreement to the extent required for the Company to carry out its obligations
thereunder, and iii) in opposition to: (1) any Acquisition Transaction and any and all other proposals (x) that could reasonably be expected to delay or impair the ability of the Company to consummate the transactions contemplated by the Merger
Agreement or any Ancillary Agreement or (y) which are in competition with or materially inconsistent with the Merger Agreement or any Ancillary Agreement or (2) any other action or proposal involving the Company or any of its Subsidiaries that is
intended, or would reasonably be expected, to prevent, impede, interfere with, delay, postpone or adversely affect in any material respect the transactions contemplated by the Merger Agreement or any Ancillary Agreement or would reasonably be
expected to result in any of the conditions to the Company’s obligations under the Merger Agreement not being fulfilled.
(c) The Equityholder agrees not to deposit, and to cause its Affiliates not to deposit, any Subject Shares in a voting trust or subject any Subject Shares to any arrangement or agreement with respect to the voting of such Subject
Shares, unless specifically requested to do so by the Company and Tuatara in connection with the Merger Agreement, the Ancillary Agreements or the transactions contemplated thereby.
(d) The Equityholder agrees, except as contemplated by the Merger Agreement or any Ancillary Agreement, not to make, or in any manner participate in, directly or indirectly, a “solicitation” of “proxies” or consents (as such
terms are used in the rules of the SEC) or powers of attorney or similar rights to vote, or seek to advise or influence any Person with respect to the voting of, any limited liability company or other equity interests of the Company in connection
with any vote or other action with respect to transactions contemplated by the Merger Agreement or any Ancillary Agreement, other than to recommend that the Company Stockholders vote in favor of the adoption of the Merger Agreement, the Ancillary
Agreements and the transactions contemplated thereby (and any actions required in furtherance thereof and otherwise as expressly provided in this Section 1).
(e) The Equityholder agrees (i) to refrain from exercising any dissenters’ rights or rights of appraisal under applicable Law at any time with respect to the Merger Agreement, the Ancillary Agreements and the transactions
contemplated thereby and (ii) not to commence or participate in any claim, derivative or otherwise, against the Company, Tuatara or any of their respective Affiliates relating to the negotiation, execution or delivery of this Agreement or the
Merger Agreement or the consummation of the Merger, including any claim (A) challenging the validity of, or seeking to enjoin the operation of, any provision of this Agreement or (B) alleging a breach of any fiduciary duty of the Board of
Directors of the Company in connection with this Agreement, the Merger Agreement or the Merger.
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(f) The Equityholder agrees that during the Voting Period it shall not, and shall cause its Affiliates not to, without Tuatara’s and the Company’s prior written consent, (i) make or attempt to make any Transfer of Subject Shares,
except (A) if the Equityholder is an individual, the Equityholder may Transfer any such Subject Shares (1) to any member of such Equityholder’s immediate family, or to a trust for the benefit of the Equityholder or any member of such
Equityholder’s immediate family, the sole trustees of which are the Equityholder or any member of the Equityholder’s immediate family or (2) by will, other testamentary document or under the laws of intestacy upon the death of such Equityholder;
or (B) if the Equityholder is an entity, the Equityholder may Transfer any Subject Shares to any partner, member, stockholder or Affiliate of the Equityholder; provided that, in each case, such transferee of Subject Shares signs a joinder to this
Agreement in a form reasonably acceptable to Tuatara and the Company agreeing to be bound by this Section 1; (ii) grant any proxies or powers of attorney with respect to any or all of the Subject Shares; or (iii) take any action with the intent
to prevent, impede, interfere with or adversely affect the Equityholder’s ability to perform its obligations under this Section 1. The Company hereby agrees to reasonably cooperate with Tuatara in enforcing the transfer restrictions set forth in
this Section 1.
(g) In the event of any equity dividend or distribution, or any change in the equity interests of the Company by reason of any equity dividend or distribution, equity split, recapitalization, combination, conversion, exchange of
equity interests or the like, the term “Subject Shares” shall be deemed to refer to and include the Subject Shares as well as all such equity dividends and
distributions and any securities into which or for which any or all of the Subject Shares may be changed or exchanged or which are received in such transaction. The Equityholder agrees during the Voting Period to notify Tuatara promptly in
writing of the number and type of any additional Subject Shares acquired by the Equityholder, if any, after the date hereof.
(h) During the Voting Period, the Equityholder agrees to provide to Tuatara, the Company and their respective Representatives any information regarding the Equityholder or the Company Shares that is reasonably requested by
Tuatara, the Company or their respective Representatives and required in order for the Company and Tuatara to comply with Sections 9.04 and 9.08 of the Merger Agreement. To the extent required by applicable Law, the Equityholder hereby
authorizes the Company and Tuatara to publish and disclose in any announcement or disclosure required by the SEC, Nasdaq or the Registration Statement (including all documents and schedules filed with the SEC in connection with the foregoing),
the Equityholder’s identity and ownership of the Company Shares and the nature of the Equityholder’s commitments and agreements under this Agreement, the Merger Agreement and any other Ancillary Agreements; provided that such disclosure is made
in compliance with the provisions of the Merger Agreement or as otherwise may be required by applicable Law.
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Section 2. Further Assurances. The Equityholder agrees to execute and deliver, or cause to be executed and delivered, all further documents and
instruments as Tuatara may reasonably request to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Equityholder agrees that it shall, and shall cause its Affiliates to, (i) file or
supply, or cause to be filed or supplied, in connection with the transactions contemplated by this Agreement and the Ancillary Agreements, all notifications and filings (or, if required by the relevant Governmental Authorities, drafts thereof)
required to be filed or supplied pursuant to applicable Antitrust Laws or other regulatory Laws as promptly as practicable after the date hereof (and all such filings shall not be withdrawn or otherwise rescinded without the prior written consent
of Tuatara) and (ii) use its reasonable best efforts to provide, or cause to be provided, any information requested by Governmental Authorities in connection therewith.
Section 3. Restriction on Sale of Securities.
(a) The Equityholder hereby agrees and covenants that, it will not, during the period from the date of the Closing and ending on the date that is one-hundred and eighty (180) days following the date of the Closing (the “Lock-Up Period”), iv) Transfer any equity interests of Surviving Pubco (including shares of Surviving Pubco Common Stock and Converted Options) received or retained
as consideration under the Merger Agreement, including securities held in escrow or otherwise issued or delivered after the Closing pursuant to the Merger Agreement or any exercise of Company Options[, but excluding any shares of Surviving Pubco
issued pursuant to that certain Subscription Agreement, dated as of the date hereof, by and between Equityholder and Tuatara]1 (collectively, the “Restricted Securities”) (a “Prohibited Transfer”). If any Prohibited Transfer is
made or attempted contrary to the provisions of this Agreement, such purported Prohibited Transfer shall be null and void ab initio, and Tuatara and the Company shall refuse to recognize any such purported transferee of the Restricted Securities
as one of its equity holders for any purpose. In order to enforce this Xxxxxxx 0, Xxxxxxx and the Company may impose stop-transfer instructions with respect to the Restricted Securities of the Equityholder until the end of the Lock-Up Period, as
well as include customary legends on any certificates for any of the Restricted Securities reflecting the restrictions under this Section 3.
1 To include for PIPE investors.
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(b) Notwithstanding the provisions set forth in Section 3(a), Transfers of Restricted Securities during the Lock-Up Period are permitted (i) in the case of an individual, by gift to a member of the individual’s immediate family,
or to a trust, the beneficiary of which is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (ii) in the case of an individual, by virtue of laws of descent and distribution upon death
of the individual; (iii) in the case of an individual, pursuant to a qualified domestic relations order; (iv) in the case of an entity, Transfers to a stockholder, partner, member or affiliate of such entity; (v) in the case of an entity,
Transfers by virtue of the laws of the state of the entity’s organization and the entity’s organizational documents upon dissolution of the entity; (vi) transactions relating to Surviving Pubco Common Stock or other securities convertible into or
exercisable or exchangeable for Surviving Pubco Common Stock acquired in open market transactions [or from Surviving Pubco pursuant to the Surviving Pubco’s employee stock purchase plan] after the Closing, provided that no such transaction is
required to be, or is, publicly announced (whether on Form 4, Form 5 or otherwise, other than a required filing on Schedule 13F, 13G or 13G/A) during the Lock-Up Period; (vii) the exercise of any options or warrants to purchase Surviving Pubco
Common Stock (which exercises may be effected on a net exercise or cashless basis to the extent the instruments representing such options or warrants permit exercises on a cashless basis); (viii) Transfers to satisfy tax withholding obligations
pursuant to the Company’s or Surviving Pubco’s equity incentive plans or arrangements or otherwise in connection with the exercise of options to purchase shares of Surviving Pubco Common Stock or the vesting of stock-based awards; (ix) Transfers
to the Company or Surviving Pubco pursuant to any contractual arrangement in effect at the Closing that provides for the repurchase by the Company or Surviving Pubco or forfeiture of the Equityholder’s Restricted Securities in connection with the
termination of the Equityholder’s service to Surviving Pubco or the Company; and (x) transaction in the event of the Surviving Pubco’s completion of a liquidation, merger, amalgamation, share exchange, reorganization or other similar transaction
which results in all of the equityholders of the Surviving Pubco, as applicable, having the right to exchange their equity interests of Surviving Pubco for cash, securities or other property (including, without limitation, (A) Transfers pursuant
to a bona fide third-party tender offer for shares of the Surviving Pubco’s capital stock made to all holders of Surviving Pubco’s securities, merger, consolidation or other similar transaction approved by the Board of Directors the result of
which is that any person (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “1934 Act”), or group of persons, other than
Surviving Pubco, becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 of the 0000 Xxx) of more than 50% of the total voting power of the voting stock of Surviving Pubco and (B) entry into any lock-up, voting or similar agreement
pursuant to which the Equityholder may agree to transfer, sell, tender or otherwise dispose of shares or other securities in connection with a transaction described in the immediately foregoing (A) above); provided, however, that, in the case of clauses (i) through (v), these permitted transferees must enter into a written agreement with the Tuatara agreeing to be bound by the transfer restrictions
in this Agreement.
(c) For purposes of this Agreement, “Transfer” means the (i) sale or assignment of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to
dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the SEC promulgated thereunder with respect to, any security, (ii) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of
any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii) public announcement of any intention to effect any transaction specified in clause (i) or (ii).
(d) For purposes of this Section 3, “immediate family” shall mean a spouse, domestic partner, child, grandchild or other lineal descendant (including by adoption), father, mother, brother or sister of the Equityholder; and
“affiliate” shall have the meaning set forth in Rule 405 under the Securities Act of 1933, as amended.
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Section 4. Equityholder Representations and Warranties. The Equityholder represents and warrants to Tuatara and Merger Sub as follows.
(a) Organization. If the Equityholder is not an individual, it is duly organized, validly existing and in good standing (where applicable)
under the laws of the jurisdiction in which it is incorporated, organized or constituted, and the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within the Equityholder’s
corporate or organizational powers and have been duly authorized by all necessary corporate or organizational action on the part of the Equityholder. If the Equityholder is an individual, the Equityholder has full legal capacity, right and
authority to execute and deliver this Agreement and to perform his or her obligations hereunder and the Equityholder’s Subject Shares do not constitute community property under applicable Law.
(b) Ownership of Subject Shares. The Equityholder is the record and beneficial owner (as defined in Rule 13d-3 under the Securities Exchange
Act of 1934, as amended) of, and has good and valid title to, all of the Equityholder’s Subject Shares (including those set forth on the Equityholder’s signature page hereto), free and clear of any Lien, or any other limitation or restriction
(including any restriction on the right to vote, sell or otherwise dispose of such Subject Shares), except transfer restrictions under (i) the Securities Act of 1933, (ii) prior to the Closing, the Company organizational documents and (iii) this
Agreement. The Equityholder’s Subject Shares set forth on the signature pages hereto are the only securities of the Company owned of record or beneficially by the Equityholder or the Equityholder’s Affiliates, family Stockholders or trusts for
the benefit of the Equityholder or any of the Equityholder’s family Stockholders on the date of this Agreement. The Equityholder has the sole right to transfer and direct the voting of the Equityholder’s Subject Shares and, other than the
Company organizational documents, none of the Equityholder’s Subject Shares are subject to any proxy, voting trust or other agreement, arrangement or restriction with respect to the voting of such Subject Shares, except as expressly provided
herein for the benefit of Tuatara. The Equityholder has the requisite voting power and the requisite power to agree to all of the matters set forth in this Agreement, with respect to all of its Subject Shares, in each case necessary to perform
its obligations under this Agreement, with no limitations, qualifications or restrictions on such rights.
(c) Authority. This Agreement has been duly executed and delivered by the Equityholder and, assuming the due authorization, execution and
delivery hereof by Tuatara and that this Agreement constitutes a legally valid and binding agreement of Tuatara, this Agreement constitutes a legally valid and binding obligation of the Equityholder, enforceable against the Equityholder in
accordance with the terms hereof (subject only to the effect, if any, of (i) applicable bankruptcy and other similar applicable Law affecting the rights of creditors generally and (ii) rules of law governing specific performance, injunctive
relief and other equitable remedies). If this Agreement is being executed in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority to enter into this Agreement on behalf of the Equityholder.
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(d) Non-Contravention. The execution and delivery of this Agreement by the Equityholder does not, and the performance by the Equityholder of
its, his or her obligations hereunder will not, (i) result in a violation of applicable Law, except for such violations which would not reasonably be expected, individually or in the aggregate, to have a material effect upon such Equityholder’s
ability to perform its obligations under the Merger Agreement or any Ancillary Agreement or to consummate the transactions contemplated thereby, (ii) if the Equityholder is not an individual, conflict with or result in a violation of the
governing documents of the Equityholder, (iii) require any consent or approval that has not been given or other action (including notice of payment or any filing with any Governmental Authority) that has not been taken by any Person (including
under any Contract binding upon the Equityholder or the Equityholder’s Subject Shares), except where the failure to obtain such consents or to take such actions would not reasonably be expected, individually or in the aggregate, to have a
material effect upon such Equityholder’s ability to perform its obligations under the Merger Agreement or any Ancillary Agreement or to consummate the transactions contemplated thereby, or (iv) result in the creation or imposition of any Lien on
the Equityholder’s Subject Shares. There is no beneficiary or holder of a voting trust certificate or other interest of any trust of which the Equityholder is a trustee whose consent is required for either the execution and delivery of this
Agreement or the consummation by the Equityholder of the transactions contemplated by this Agreement that has not been obtained.
(e) Legal Proceedings. There is no Action pending against, or to the knowledge of the Equityholder, threatened against the Equityholder or any
of its Affiliates, by or before (or that would be by or before) any Governmental Authority or arbitrator that, if determined or resolved adversely in accordance with the plaintiff’s demands, would reasonably be expected, individually or in the
aggregate, to prevent or enjoin such Equityholder’s performance of its obligations under the Merger Agreement or any Ancillary Agreement. None of the Holder or any of its Affiliates is subject to any Governmental Order that would reasonably be
expected, individually or in the aggregate, to prevent or enjoin such Equityholder’s performance of its obligations under the Merger Agreement or any Ancillary Agreement.
(f) Trusts. If the Equityholder is the beneficial owner of any Subject Shares held in trust, no consent of any beneficiary of such trust is
required in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby or by the Merger Agreement.
Section 5. Finders Fees. No investment banker, broker, finder or other intermediary is entitled to a fee or commission from the Equityholder, the
Company or any of their respective Affiliates in respect of the Merger Agreement, this Agreement or any of the respective transactions contemplated thereby and hereby based upon any arrangement or agreement made by or, to the knowledge of the
Equityholder, on behalf of the Equityholder, except as set forth on Section 5.15 of the Company Disclosure Schedule.
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Section 6. Remedies. The Equityholder acknowledges and agrees that the rights of each party contemplated by this Agreement are unique. Accordingly,
the Equityholder agrees that a remedy at law for any breach of this Agreement would be inadequate and that the Company, Tuatara, their Subsidiaries or their respective Affiliates, in addition to any other remedies available, shall be entitled to
obtain preliminary and permanent injunctive relief to secure specific performance of such covenants and to prevent a breach or contemplated breach of this Agreement without the necessity of proving actual damage or posting a bond or other
security. The Equityholder will be responsible for any breach or violation of this Agreement by its Representatives. In the event of any Action under this Agreement between the Equityholder and the Company or Tuatara, as applicable, the
non-prevailing party in such Action as determined in a final, non-appealable decision by a court of competent jurisdiction will pay its own expenses and the reasonable out-of-pocket expenses, including reasonable attorneys’ fees and costs,
incurred by the other party. The occurrence of the Closing will not relieve the Equityholder of any obligation or liability arising from any breach by the Equityholder of this Agreement prior to the Closing.
Section 7. Severability. Each provision of this Agreement is separable from every other provision of this Agreement. If any provision of this
Agreement is found or held to be invalid, illegal or unenforceable, in whole or in part, by a court of competent jurisdiction, then v) such provision will be deemed amended to conform to applicable laws so as to be valid, legal and enforceable to
the fullest possible extent, vi) the invalidity, illegality or unenforceability of such provision will not affect the validity, legality or enforceability of such provision under any other circumstances or in any other jurisdiction, and vii) the
invalidity, illegality or unenforceability of such provision will not affect the validity, legality or enforceability of the remainder of such provision or the validity, legality or enforceability of any other provision of this Agreement.
Without limiting the foregoing, if any covenant of the Equityholder in this Agreement is held to be unreasonable, arbitrary, or against public policy, such covenant shall be considered to be divisible with respect to scope, time and geographic
area, and such lesser scope, time or geographic area, or all of them, as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, shall be effective, binding and enforceable against the
Equityholder.
Section 8. Governing Law; Submission to Jurisdiction; Waiver of Jury. Section 12.07 and Section 12.13 of the Merger Agreement are incorporated herein
by reference, mutatis mutandis.
Section 9. Waiver. No failure on the part of any Person to exercise any power, right, privilege or remedy under this Agreement, and no delay on the
part of any Person in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy
shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. Any extension or waiver in favor of the Equityholder of any provision hereto shall be valid only if set forth in an instrument in writing
signed by Tuatara and the Company; and provided, that any such waiver shall not be applicable or have any effect except in the specific instance in which it is given.
Section 10. Headings; Interpretation; Counterparts. The provisions of Section 12.08 of the Merger Agreement are hereby incorporated herein by
reference, mutatis mutandis.
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Section 11. Successors and Assigns; Third Party Beneficiaries. The provisions of this Agreement shall be binding upon and inure to the benefit of the
Parties and their respective successors and assigns; provided that no Party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the other Party, except that the
Company, Tuatara or any of their respective Subsidiaries may transfer or assign its rights and obligations under this Agreement, in whole or from time to time in part, to (i) one or more of its Affiliates at any time and (ii) after the Effective
Time, to any Person; provided that no such transfer or assignment shall relieve such party of its obligations hereunder or enlarge, alter or change any obligation of any other Party. Each of the Company, Tuatara and their respective Subsidiaries
are express third party beneficiaries of this Agreement and will be considered parties under and for purposes of this Agreement.
Section 12. Trusts. If applicable, for purposes of this Agreement, the Equityholder with respect to any Subject Shares held in trust shall be deemed to
be the relevant trust and/or the trustees thereof acting in their capacities as such trustees, in each case as the context may require, including for purposes of such trustees’ representations and warranties as to the proper organization of the
trust, their power and authority as trustees and the non-contravention of the trust’s governing instruments.
Section 13. Amendments. This Agreement may only be amended or modified by an instrument in writing signed by each of the Equityholder, Tuatara and the
Company.
Section 14. Notices. All notices and other communications among the parties hereto shall be in writing and shall be deemed to have been duly given (a)
when delivered in person, (b) when delivered after posting in the United States mail having been sent registered or certified mail return receipt requested, postage prepaid, (c) when delivered by FedEx or other nationally recognized overnight
delivery service, or (d) when delivered by email or other electronic transmission (in each case in this clause (d), solely if receipt is confirmed), addressed as follows:
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(i) | If to Tuatara, to: |
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Tuatara Capital Acquisition Corporation |
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000 Xxxxx Xxxxxx, 0xx Xxxxx | |
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Xxx Xxxx, Xxx Xxxx, 00000 |
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Attention: | Xxxxxx Xxxxxxx |
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Xxxxxx Xxxxxxx |
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Email: | xxxxxxx@xxxxxxxxxx.xxx |
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xxxxxx.xxxxxxx@xxxxxxxxxx.xxx |
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with copies (which shall not constitute notice) to:
| Xxxxx Xxxx & Xxxxxxxx LLP |
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| 000 Xxxxxxxxx Xxxxxx |
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| Xxx Xxxx, XX 00000 | |||
| Attention: | Xxxxx Xxxxxx |
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| Xxxxxxx Xxxxxxx |
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| Email: | xxxxx.xxxxxx@xxxxxxxxx.xxx | ||
| xxxxxxx.xxxxxxx@xxxxxxxxx.xxx | |||
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(ii) | If to the Company, to: |
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SpringBig, Inc. |
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000 XX 00xx Xxxxxx, Xxxxx 000 |
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Xxxx Xxxxx, Xxxxxxx 00000 | |
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Attention: | Xxxx Xxxxx |
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Email: | xxxxxx@xxxxxxxxx.xxx |
with copies (which shall not constitute notice) to:
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| Xxxxxxx Xxxxxxxxxxx Xxxxxx & Xxxxxxx LLP |
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| 00 Xxxxx Xxxxxx Xxxxx, Xxxxx 0000 |
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| Xxxxxxx, XX 00000 |
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| Attention: | Xxxxxxx X. Xxxxx | ||
| Email: | xxxxxx@xxxxxxxxxx.xxx | ||
| (iii) | If to the Equityholder, to the address set forth on the signature page hereto. | ||
Section 15. Effectiveness; Termination. This Agreement shall become effective as of the date hereof and shall automatically terminate (without the
requirement of any action by any party hereto) and be of no further force or effect upon the earliest to occur of (a) the date on which the Merger Agreement is terminated in accordance with its terms prior to the Effective Time, (b) the mutual
written consent of Tuatara, the Company and the Equityholder and (c) the time of any modification, amendment or waiver of the Merger Agreement without Equityholder’s prior written consent that (i) decreases or changes the form of the Merger
Consideration in a manner adverse to the Equityholder, (ii) imposes additional conditions to the obligations of the parties to the Merger Agreement to consummate the transactions contemplated thereby in a manner that materially adversely affects
the Equityholder, (iii) modifies the conditions of the obligations of the parties to the Merger Agreement to consummate the transactions contemplated thereby in a manner that materially adversely affects the Equityholder or (iv) extends or
otherwise changes the Termination Date in a manner other than as required or permitted by the Merger Agreement. Nothing in this Section 15 shall relieve any Party from liability for any intentional breach of this Agreement by such Party prior to
the termination of this Agreement.
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IN WITNESS WHEREOF, each Party has duly executed this Agreement as of the date first written above.
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By:
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Name:
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Title:
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SPRINGBIG, INC.
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By:
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Name:
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Title:
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IN WITNESS WHEREOF, each Party has duly executed this Agreement as of the date first written above.
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EQUITYHOLDER: | |
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Printed Name: |
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Signature: |
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By (if an entity): |
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Title (if an entity): |
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Email: |
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Address: |
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Number of Common Stock: |
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Number of Series A Preferred Stock: |
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Number of Series B Preferred Stock: |
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Number of Series Seed Preferred Stock: |
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Number of Company Options: |
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