Exhibit
10.4


 


VOTING
AGREEMENT


 


This
Voting Agreement (this “Agreement”) is made as of November 13, 2019 by and among
(i) ChaSerg Technology Acquisition Corp., a Delaware corporation (“Parent”),
(ii) Grid Dynamics International, Inc., a California corporation (the “Company”), and
(iii) BGV Opportunity Fund L.P., a Delaware limited partnership (“BGV” or the
“Holder”). Any capitalized term used but not defined in this Agreement will have the meaning
ascribed to such term in the Merger Agreement (as defined below).


 


WHEREAS,
as of the date hereof, BGV is the owner of the type and number of shares of capital stock of the Company set forth on Schedule
I hereto;


 


WHEREAS,
Parent, the Company, CS Merger Sub 1 Inc., a California corporation and a wholly-owned subsidiary of Parent (“Merger
Sub 1”) and CS Merger Sub 2 LLC, a Delaware limited liability company and a wholly-owned subsidiary of Parent (“Merger
Sub 2” and, together with Merger Sub 1, the “Merger Subs”) propose to enter into an Agreement
and Plan of Merger dated as of the date hereof (as amended from time to time in accordance with the terms thereof, the “Merger
Agreement”), pursuant to which, among other things, (i) Merger Sub 1 will merge with and into the Company, with
the Company continuing as the surviving entity (the “Initial Merger”), and (ii) the Company will then
merge with and into Merger Sub 2, with Merger Sub 2 continuing as the surviving entity (the “Second Step Merger”
and, together with the Initial Merger, the “Mergers”), upon the terms and subject to the conditions
set forth in the Merger Agreement and in accordance with the applicable provisions of the CGCL, the DGCL and the DLLCA;


 


WHEREAS,
the Board of Directors of the Company has (a) approved the Merger Agreement, the Ancillary Documents, the Mergers and the other
transactions contemplated by any such documents (collectively, the “Transactions”), (b) determined
that the Transactions are fair to and in the best interests of the Company and its shareholders (the “Company Shareholders”)
and (c) recommended the approval and the adoption by each of the Company Shareholders of the Merger Agreement, the Ancillary Documents,
the Mergers and the other Transactions;


 


WHEREAS,
as a condition to the willingness of Parent to enter into the Merger Agreement, and as an inducement and in consideration therefor,
Parent, the Company, and Holder desire to enter into this Agreement in order for Holder to provide certain assurances to Parent
regarding the manner in which Holder is bound hereunder to vote any shares of capital stock of the Company, which Holder beneficially
owns, holds or otherwise has voting power over (the “Shares”) during the period from and including the
date hereof through and including the earlier of the First Effective Time (following the performance of the obligations of the
parties hereunder required to be performed at or prior to the First Effective Time), the date of termination of the Merger Agreement
in accordance with its terms, or the date of termination of this Agreement, whichever is earlier (the “Voting Period”)
with respect to the Merger Agreement, the Mergers, the Ancillary Documents and the Transactions.


 






     


     


    

 


NOW,
THEREFORE, in consideration of the promises set forth above, which are incorporated in this Agreement as if fully set forth
below, and intending to be legally bound hereby, the parties hereby agree as follows:


 


Section
1.01. Covenant to Vote in Favor of Transactions. Holder agrees to with respect to all of the Shares:


 


(a)
during the Voting Period, at each meeting of the Company Shareholders or any class or series thereof, and in each written consent
or resolutions of any of the Company Shareholders in which Holder is entitled to vote or consent, Holder 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 Shares (i) in favor of, and adopt, the Mergers, the Merger Agreement, the Ancillary
Documents, any amendments to the Company Charter Documents, and all of the other Transactions (and any actions required in furtherance
thereof), (ii) in favor of the other matters set forth in the Merger Agreement, and (iii) to vote the Shares in opposition
to: (A) any Acquisition Proposal and any and all other proposals for the acquisition of the Company; or (B) any other action or
proposal involving the Company or any Subsidiary that is intended, or would reasonably be expected, to prevent, impede, interfere
with, delay or adversely affect in any material respect the Transactions or would reasonably be expected to result in any of the
conditions to the Closing under the Merger Agreement not being fulfilled;


 


(b)
to deliver to the Company and the Parent a validly executed action by written consent of the Company Shareholders, approving the
Transactions within 2 business days following the filing of the definitive Proxy Statement with the SEC by the Parent under the
U.S. Securities Act of 1933 (the “Securities Act”);


 


(c)
to execute and deliver all related documentation reasonably requested by the Company and take such other action reasonably requested
by the Company in support of the Mergers, the Merger Agreement, any Ancillary Documents and any of the Transactions as shall reasonably
be requested by the Company or Parent in order to carry out the terms and provision of this Section 1.01, including, without
limitation, (i) execution and delivery to the Company of a Letter of Transmittal and any other customary documents that the Exchange
Agent may reasonably require in connection therewith (including, as applicable, a Lock-Up Agreement), (ii) delivery of the Share
Certificate (or a Lost Stock Affidavit in lieu of the Share Certificate), duly endorsed for transfer, to the Company and any similar
or related documents, (iii) any actions by written consent of the Company Shareholders presented to Holder as they may reasonably
be required to sign with respect to the matters in Section 1.01(a) or 1.01(g), and (iv) any applicable Ancillary
Documents, customary instruments of conveyance and transfer, and any consent, waiver, governmental filing, and any similar or
related documents as they may reasonably be required to sign;


 


(d)
not to deposit, except as provided in this Agreement, any Shares owned by Holder in a voting trust or subject any Shares to any
arrangement or agreement with respect to the voting of such Shares, unless specifically requested to do so by the Company and
Parent in connection with the Merger Agreement, the Ancillary Documents and any of the Transactions;


 






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(e)
except as contemplated by the Merger Agreement or the Ancillary Documents, 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
shares of the Company capital stock in connection with any vote or other action with respect to the Transactions, other than to
recommend that shareholders of the Company vote in favor of adoption of the Merger Agreement and the Transactions, to solicit
“proxies” or consents in favor of the Transactions, and any other proposal the approval of which is a condition to
the obligations of the parties under the Merger Agreement (and any actions required in furtherance thereof and otherwise as expressly
provided by Section 1.01 of this Agreement);


 


(f)
to refrain from exercising any dissenters’ rights or rights of appraisal under applicable law at any time with respect to
the Mergers, the Merger Agreement, the Ancillary Documents and any of the Transactions, including pursuant to the CGCL or the
DGCL; and


 


(g)
without limiting Section 1.01(a) and 1.01(b) above: to, should a conversion of all Company Preferred Stock into
Company Common Stock not be triggered automatically as a result of the Mergers, irrevocably elect that all shares of Company Preferred
Stock held by Holder shall be automatically converted into Company Common Stock in accordance with the Company Charter Documents.


 


Section
1.02. Grant of Proxy. Holder, with respect to all of the Shares, hereby irrevocably grants to, and appoints, Parent
and any designee of Parent (determined in Parent’s sole discretion) as Holder’s attorney-in-fact and proxy, with full
power of substitution and resubstitution, for and in Holder’s name, to vote, or cause to be voted (including by proxy or
written consent, if applicable) any Shares owned (whether beneficially or of record) by Holder with respect to the matters specified
in Section 1.01. The proxy granted by Holder pursuant to this Section 1.02 is irrevocable and is granted in consideration
of Parent entering into this Agreement and the Merger Agreement and incurring certain related fees and expenses. Holder hereby
affirms that such irrevocable proxy is coupled with an interest by reason of the Merger Agreement and, except upon the termination
of this Agreement in accordance with Section 1.05(a), is intended to be irrevocable. Holder agrees, until this Agreement
is terminated in accordance with Section 1.05(a), to vote its Shares, in accordance with Section 1.01 above.


 






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Section 1.03.
Other Covenants.


 


(a)
No Transfers. Save for any grant or exercise of options pursuant to the true-up policy under the Company Stock Incentive
Plan or any other share incentive schemes, the Holder agrees that during the Voting Period it shall not without Parent’s
prior written consent, (A) offer for sale, sell (including short sales), transfer, tender, pledge, encumber, assign or otherwise
dispose of (including by gift) (collectively, a “Transfer”), or enter into any contract, option, derivative,
hedging or other agreement or arrangement or understanding (including any profit-sharing arrangement) with respect to, or consent
to, a Transfer of, any or all of the Shares; (B) grant any proxies or powers of attorney with respect to any or all of the Shares
(other than pursuant to the terms of this Agreement); (C) permit to exist any lien of any nature whatsoever (other than those
imposed by this Agreement, the Merger Agreement or applicable securities Laws, as in effect on the date hereof) with respect to
any or all of the Shares; or (D) take any action that would have the effect of preventing, impeding, interfering with or adversely
affecting Holder’s ability to perform its obligations under this Agreement. The Company hereby agrees that it shall not
permit any Transfer of the Shares in violation of this Agreement. Holder agrees with, and covenants to, Parent that Holder shall
not request that the Company register the Transfer (book-entry or otherwise) of any certificate or uncertificated interest representing
any Shares during the term of this Agreement in breach of this clause without the prior written consent of Parent, and the Company
hereby agrees that it shall not effect any such Transfer.


 


(b)
Changes to Shares. In the event of a stock dividend or distribution, or any change in the shares of capital stock of the
Company by reason of any stock dividend or distribution, stock split, recapitalization, combination, conversion, exchange of shares
or the like, the term “Shares” shall be deemed to refer to and include the Shares as well as all such stock dividends
and distributions and any securities into which or for which any or all of the Shares may be changed or exchanged or which are
received in such transaction. Holder agrees during the Voting Period to notify Parent and the Company promptly in writing of the
number and type of any additional Shares acquired by Holder, if any, after the date hereof.


 


(c)
Proxy Statement. During the Voting Period, Holder agrees to provide to Parent, the Company and their respective Representatives
any information reasonably requested by the Parent, the Company and their respective Representatives regarding Holder, or the
Shares that is reasonably requested by Parent, the Company or their respective Representatives for inclusion in the Proxy Statement.


 


(d)
Publicity. Holder shall not issue any press release or otherwise make any public statements with respect to the Transactions
or the transactions contemplated herein without the prior written approval of the Company and Parent, save for public announcements
required by applicable laws or the rules and regulations of the relevant securities exchanges. Holder hereby authorizes the Company
and Parent to publish and disclose in any announcement or disclosure required by the SEC, Nasdaq, or the Proxy Statement (including
all documents and schedules filed with the SEC or Nasdaq, in connection with the foregoing), Holder’s identity and ownership
of the Shares and the nature of Holder’s commitments and agreements under this Agreement, the Merger Agreement and any other
Ancillary Documents provided the Holder is given reasonable opportunity to review and comment on any such announcement or disclosure
prior to their publication.


 






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Section
1.04 Representations and Warranties of Holder. Holder hereby represents and warrants to Parent and the Company as
follows:


 


(a)
Binding Agreement. Holder is (i) a corporation, limited liability company, company or partnership duly organized and validly
existing under the laws of the jurisdiction of its organization and (ii) has all necessary power and authority to execute and
deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution
and delivery of this Agreement, the performance of Holder’s obligations hereunder and the consummation of the transactions
contemplated hereby by Holder has been duly authorized by all necessary corporate, limited liability or partnership action on
the part of Holder. This Agreement, assuming due authorization, execution and delivery hereof by the other parties hereto, constitutes
a legal, valid and binding obligation of Holder, enforceable against Holder in accordance with its terms (except as such enforceability
may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar laws of general applicability
relating to or affecting creditor’s rights, and to general equitable principles).


 


(b)
Ownership of Shares. As of the date hereof, Holder as applicable, has beneficial ownership (as defined in Rule 13d-3 under
the Exchange Act) over the type and number of the Shares set forth next to Holder’s name on Schedule I hereto, is
the lawful owner of such Shares, has the sole power to vote or cause to be voted such Shares, and has good and valid title to
such Shares, free and clear of any and all pledges, mortgages, encumbrances, charges, proxies, voting agreements, liens, adverse
claims, options, security interests and demands of any nature or kind whatsoever, other than those imposed by this Agreement,
the Merger Agreement or applicable securities Laws, as in effect on the date hereof. There are no claims for finder’s fees
or brokerage commission or other like payments in connection with this Agreement or the transactions contemplated hereby payable
by Holder pursuant to arrangements made by Holder. Except for the Shares and other securities of the Company set forth next to
Holder’s name on Schedule I hereto, as of the date of this Agreement, the Holder is not a beneficial owner or record
holder of any: (i) equity securities of the Company, (ii) securities of the Company having the right to vote on any matters on
which the holders of equity securities of the Company may vote or which are convertible into or exchangeable for, at any time,
equity securities of the Company or (iii) options, warrants or other rights to acquire from the Company, any equity securities
or securities convertible into or exchangeable for equity securities of the Company.


 


(c)
Voting Power. Holder has full voting power, with respect to such Shares, and full power of disposition, full power to issue
instructions with respect to the matters set forth herein and full power to agree to all of the matters set forth in this Agreement,
in each case with respect of all such Shares.


 


(d)
Reliance. Holder has had the opportunity to review the Merger Agreement and this Agreement with counsel of Holder’s
choosing. Holder understands and acknowledges that Parent is entering into the Merger Agreement in reliance upon the execution,
delivery and performance of this Agreement by Holder.


 


(e)
Accredited Investor. As of the date of this Agreement, Holder is an accredited investor as defined in Rule 501(a) of Regulation
D promulgated under the Securities Act.


 






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(f)
No Conflicts. No filing with, or notification to, any Governmental Entity, and no consent, approval, authorization or permit
of any other person is necessary for the execution of this Agreement by Holder, the performance of its obligations hereunder ,
or the consummation by it of the transactions contemplated hereby. None of the execution and delivery of this Agreement by Holder,
the performance of its obligations hereunder or the consummation by it or them of the transactions contemplated hereby shall (i)
conflict with or result in any breach of the certificate of incorporation, bylaws or other comparable organizational documents
of Holder, (ii) result in, or give rise to, a violation or breach of or a default under any of the terms of any Contract or obligation
to which Holder is a party or by which Holder or any of the Shares or its other assets may be bound, or (iii) violate any applicable
Law or Order, except for any of the foregoing in clauses (i) through (iii) as would not reasonably be expected to impair Holder’s
ability to perform its obligations under this Agreement in any material respect.


 


(g)
Absence of Litigation. As of the date hereof, there is no action, suit, investigation or proceeding pending against, or,
to the knowledge of Holder, threatened against Holder or any of Holder’s properties or assets (including, but not limited
to, the Shares) that could reasonably be expected to prevent, materially delay or impair the ability of Holder to perform its
obligations under this Agreement or consummate any of the Transactions.


 


(h)
No Inconsistent Agreements. Holder hereby covenants and agrees that, except for this Agreement, the Holder has not (i)
entered into, or will enter into at any time while this Agreement remains in effect, any voting agreement or voting trust with
respect to the Shares inconsistent with Holder’s obligations pursuant to this Agreement, (ii) granted, or will grant at
any time while this Agreement remains in effect, a proxy, a consent or power of attorney with respect to the Shares and (iii)
entered into any agreement or knowingly taken any action (nor will enter into any agreement or knowingly take any action) that
would make any representation or warranty of Holder contained herein untrue or incorrect in any material respect or have the effect
of preventing Holder from performing any of its material obligations under this Agreement.


 


Section
1.05 Miscellaneous.


 


(a)
Termination. Notwithstanding anything to the contrary contained herein, this Agreement shall automatically terminate, and
none of Parent, the Company or Holder shall have any rights or obligations hereunder, upon the earliest to occur of (i) the mutual
written consent of Parent, the Company and Holder, and (ii) the date of termination of the Merger Agreement in accordance with
its terms. The termination of this Agreement shall not prevent any party hereunder from seeking any remedies (at law or in equity)
against another party hereto or relieve such party from liability for such party’s breach of any terms of this Agreement.
Notwithstanding anything to the contrary herein, the provisions of this Section 1.05(a) shall survive the termination of
this Agreement.


 


(b)
Binding Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit
of the parties hereto and their respective permitted successors and assigns. This Agreement and all obligations of Holder are
personal to Holder and may not be assigned, transferred or delegated by Holder at any time without the prior written consent of
Parent and the Company, and any purported assignment, transfer or delegation without such consent shall be null and void ab initio.


 






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(c)
Third Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection
with the transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any
person that is not a party hereto or thereto or a successor or permitted assign of such a party.


 


(d)
Governing Law; Jurisdiction. This Agreement and any dispute or controversy arising out of or relating to this Agreement
shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of law
principles thereof; provided, however, to the extent required by the laws of the State of California or the State
of Delaware, as applicable (including any law related to any duty or obligation of the Company’s Board of Directors with
respect to the Mergers or this Agreement), such laws shall apply with respect to the relevant matters governed by this Agreement.
All Actions arising out of or relating to this Agreement shall be heard and determined exclusively in any state or federal court
located in New York, New York (or in any appellate courts thereof) (the “Specified Courts”). Each party
hereto hereby (i) submits to the exclusive jurisdiction of any Specified Court for the purpose of any Action arising out of or
relating to this Agreement brought by any party hereto and (ii) irrevocably waives, and agrees not to assert by way of motion,
defense or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts,
that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that
the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or
by any Specified Court. Each party agrees that a final judgment in any Action shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by Law. Each party irrevocably consents to the service of
the summons and complaint and any other process in any other action or proceeding relating to the transactions contemplated by
this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such party at the applicable
address set forth or referred to in Section 1.05(h). Nothing in this Section 1.05(d) shall affect the right of any
party to serve legal process in any other manner permitted by applicable law.


 


(e)
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING
WAIVER AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 1.05(e).


 






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(f)
Interpretation. The titles and subtitles used in this Agreement are for convenience only and are not to be considered in
construing or interpreting this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this
Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs
shall include the plural and vice versa; (ii) “including” (and with correlative meaning “include”) means
including without limiting the generality of any description preceding or succeeding such term and shall be deemed in each case
to be followed by the words “without limitation”; (iii) the words “herein,” “hereto,” and
“hereby” and other words of similar import in this Agreement shall be deemed in each case to refer to this Agreement
as a whole and not to any particular section or other subdivision of this Agreement; and (iv) the term “or” means
“and/or”. The parties have participated jointly in the negotiation and drafting of this Agreement. Consequently, in
the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly
by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship
of any provision of this Agreement.


 


(g)
Capacity as a Company Stockholder. Holder signs this Agreement solely in Holder’s capacity as a beneficial owner
of capital stock of the Company, and not in Holder’s capacity as a director, officer or employee of the Company. Notwithstanding
anything herein to the contrary, nothing herein shall in any way restrict a director or officer of the Company in the exercise
of his or her fiduciary duties as a director or officer of the Company or prevent or be construed to create any obligation on
the part of any director or officer of the Company from taking any action in his or her capacity as such director or officer.


 


(h)
Notices. All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have
been duly given when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt,
(iii) one Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three
(3) Business Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each
case to the applicable party at the following addresses (or at such other address for a party as shall be specified by like notice):


 


	If
                                         to Parent to:

                                                                      

        ChaSerg
        Technology Acquisition Corp.

        533 Airport Blvd., Suite 400

        Burlingame, CA 94010

        Attn: Lloyd Carney, CEO

        Email: ##########
	with
                                         a copy (which will not constitute notice) to:

                                                                      

        Latham
        & Watkins LLP

        140 Scott Drive

        Menlo Park, CA 94025

        Attn: Joshua Dubofsky, Terris Tang

        Email: ##########



 




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	If
        to the Company, to:

                                                                      

        Grid
        Dynamics International, Inc..

        5000 Executive Parkway, Suite 500

        Attn: Leonard Livschitz

        San Ramon, CA 94583

        Email: ##########
	with
        a copy (which will not constitute notice) to:

                                                                      

        Wilson
        Sonsini Goodrich & Rosati

        One Market Plaza, Spear Tower, Suite 3300,

 San Francisco, CA 94105

        Attn: Derek Liu

        Email:
        ##########

	 	 
	If
        to BGV, to:

                                                          

        


Benhamou Global Ventures


540 Cowper Street, #200


Palo Alto, CA 94301


Attn: Eric Benhamou


Email: ##########
	with
        a copy (which will not constitute notice) to:

                                                          

        Perkins Coie LLP

        3150 Porter Drive

        Palo Alto, CA 94304

        Attn: Arman Pahlavan

        Email:
##########



 


(i)
Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may
be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent
of Parent, the Company and the Holder. No failure or delay by a party in exercising any right hereunder shall operate as a waiver
thereof. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall
be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.


 


(j)
Severability. In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction,
such provision shall be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same
valid, legal and enforceable, and the validity, legality and enforceability of the remaining provisions hereof shall not in any
way be affected or impaired thereby nor shall the validity, legality or enforceability of such provision be affected thereby in
any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced,
the parties will substitute for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries
out, so far as may be valid, legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision.


 


(k)
Specific Performance. Holder acknowledges that its obligations under this Agreement are unique, recognizes and affirms
that in the event of a breach of this Agreement by Holder, money damages will be inadequate and the Company and Parent will have
not adequate remedy at law, and agree that irreparable damage would occur in the event that any of the provisions of this Agreement
were not performed by Holder in accordance with their specific terms or were otherwise breached. Accordingly, the Company and
Parent shall be entitled to an injunction or restraining order to prevent breaches of this Agreement by Holder and to enforce
specifically the terms and provisions hereof, without the requirement to post any bond or other security or to prove that money
damages would be inadequate, this being in addition to any other right or remedy to which such party may be entitled under this
Agreement, at law or in equity.


 






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(l)
Expenses. Each party shall be responsible for its own fees and expenses (including the fees and expenses of investment
bankers, accountants and counsel) in connection with the entering into of this Agreement, the performance of its obligations hereunder
and the consummation of the transactions contemplated hereby; provided, that in the event of any Action arising out of or relating
to the enforcement of this Agreement by the Parent, Holder will pay the expenses and the reasonable documented out-of-pocket expenses,
including reasonable attorneys’ fees and costs, reasonably incurred by the Parent.


 


(m)
No Partnership, Agency or Joint Venture. This Agreement is intended to create a contractual relationship among Holder,
the Company and Parent, and is not intended to create, and does not create, any agency, partnership, joint venture or any like
relationship among the parties hereto or among any other Company shareholders entering into voting agreements with the Company
or Parent. Holder is not affiliated with any other holder of securities of the Company entering into a voting agreement with the
Company or Parent in connection with the Merger Agreement and has acted independently regarding its decision to enter into this
Agreement. Nothing contained in this Agreement shall be deemed to vest in the Company or Parent any direct or indirect ownership
or incidence of ownership of or with respect to any Shares.


 


(n)
Further Assurances. From time to time, at another party’s request and without further consideration, each party shall
execute and deliver such additional documents and take all such further action as may be reasonably necessary or desirable to
consummate the transactions contemplated by this Agreement.


 


(o)
Entire Agreement. This Agreement (together with the Merger Agreement to the extent referred to herein) constitutes the
full and entire understanding and agreement among the parties with respect to the subject matter hereof, and any other written
or oral agreement relating to the subject matter hereof existing between the parties is expressly canceled; provided,
that, for the avoidance of doubt, the foregoing shall not affect the rights and obligations of the parties under the Merger Agreement
or any Ancillary Document. Notwithstanding the foregoing, nothing in this Agreement shall limit any of the rights or remedies
of Parent or the Company or any of the obligations of Holder under any other agreement between Holder and Parent or the Company
or any certificate or instrument executed by Holder in favor of Parent or the Company, and nothing in any other agreement, certificate
or instrument shall limit any of the rights or remedies of Parent or the Company or any of the obligations of Holder under this
Agreement.


 


(p)
Counterparts. This Agreement may also be executed and delivered by electronic signature or by email in portable document
format in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one
and the same instrument.


 


[Remainder
of Page Intentionally Left Blank; Signature Page Follows]


 




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IN
WITNESS WHEREOF, the parties have executed this Voting Agreement as of the date first written above.


 


	 	Parent:
	 	 
	 	CHASERG
    TECHNOLOGY ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	The
    Company:
	 	 
	 	GRID
    DYNAMICS INTERNATIONAL, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Holder:
	 	 
	 	BGV
    OPPORTUNITY FUND L.P.
	 	 	 
	 	By:	                  
	 	Name:	 
	 	Title:	 





 






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Schedule
I


 


	 	Name of Shareholder	 	 	 	Class of Security	 	 	 	Number of Shares	 
	 	BGV Opportunity Fund L.P.	 	 	 	Common Stock	 	 	 	622,027	 
	 	BGV Opportunity Fund L.P.	 	 	 	Series A Preferred Stock	 	 	 	622,027	 



 


 




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