Exhibit
10.2


 





Execution
Version


 


SPAC
STOCKHOLDER SUPPORT AGREEMENT


 


This
SPAC STOCKHOLDER SUPPORT AGREEMENT, dated as of October 19, 2022 (this “Agreement”), is entered into by and among
the stockholders listed on Exhibit A hereto (each, a “Stockholder”), AUM Biosciences Pte. Ltd., a private
company limited by shares incorporated in Singapore, with company registration number 201810204D (the “Company”)
and Mountain Crest Acquisition Corp. V, a Delaware corporation (“SPAC”). Capitalized terms used but not defined
in this Agreement shall have the meanings ascribed to them in the Business Combination Agreement (as defined below).


 


WHEREAS,
the Company and SPAC have entered into a Business Combination Agreement (as the same may be amended, restated or supplemented,
the “Business Combination Agreement”), pursuant to which, among other things, the Company will incorporate
a Cayman Islands exempted company (“Holdco”), and Holdco upon incorporation will form a private company limited
by shares incorporated in Singapore as a direct wholly-owned subsidiary of the Company (“Amalgamation Sub”)
and a Delaware corporation as a direct wholly-owned subsidiary of Holdco (“Merger Sub”), Amalgamation Sub will
amalgamate with and into the Company, with the Company continuing as the surviving corporation of the amalgamation and a direct
wholly- owned subsidiary of Holdco (the “Amalgamation”), and following confirmation of the effective filing
of the Amalgamation but on the same day, Merger Sub will merge with and into SPAC, with SPAC continuing as the surviving entity
and a direct wholly-owned subsidiary of Holdco (the “SPAC Merger” and together with the Amalgamation, the “Transactions”
or “Mergers,” or “Merger” as applicable);


 


WHEREAS,
as of the date hereof, each Stockholder owns the number of shares of SPAC Common Stock set forth on Exhibit A (all such
shares, or any successor or additional shares of SPAC of which ownership of record or the power to vote is hereafter acquired
by the Stockholder prior to the termination of this Agreement being referred to herein as the “Stockholder Shares”);
and


 


WHEREAS,
in order to induce the Company to enter into the Business Combination Agreement, each Stockholder is executing and delivering
this Agreement to the Company.


 


NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, and intending to be
legally bound hereby, the parties hereby agree as follows:


 


1.
Voting Agreements. During the period commencing on the date hereof and ending on the earlier to occur of (a) the Effective
Time, and (b) such date and time as the Business Combination Agreement shall be terminated in accordance with Section 10.1 thereof
(the “Expiration Time”), each Stockholder, in its capacity as a stockholder of SPAC, agrees that, at the SPAC
Stockholder Meeting, at any other meeting of SPAC’s stockholders related to the transactions contemplated by the Business
Combination Agreement (whether annual or special and whether or not an adjourned or postponed meeting, however called and including
any adjournment or postponement thereof) and in connection with any written consent of SPAC’s stockholders related to the
transactions contemplated by the Business Combination Agreement (the SPAC Stockholder Meeting and all other meetings or consents
related to the Business Combination Agreement, collectively referred to herein as the “Meeting”), such Stockholder
shall:


 





     


     


    

 


		a.	when
                                         the Meeting is held, appear at the Meeting or otherwise cause its Stockholder Shares
                                         to be counted as present thereat for the purpose of establishing a quorum;



 


		b.	vote
                                         (or execute and return an action by written consent), or cause to be voted at the Meeting
                                         (or validly execute and return and cause such consent to be granted with respect to),
                                         all of its Stockholder Shares in favor of each of the SPAC Proposals; and



 


		c.	vote
                                         (or execute and return an action by written consent), or cause to be voted at the Meeting
                                         (or validly execute and return and cause such consent to be granted with respect to),
                                         all of its Stockholder Shares against any other action that would reasonably be expected
                                         to (x) materially impede, interfere with, delay, postpone or adversely affect the Merger
                                         or any of the Transactions, (y) result in a breach of any covenant, representation or
                                         warranty or other obligation or agreement of SPAC under the Business Combination Agreement
                                         or (z) result in a breach of any covenant, representation or warranty or other obligation
                                         or agreement of the Stockholder contained in this Support Agreement.



 


The
obligations of each Stockholder specified in this Section 1 shall apply whether or not the Merger or any action described above
is recommended by SPAC Board.


 


2.
Restrictions on Transfer. Until the Expiration Time, each Stockholder agrees that it shall not, directly or indirectly,
sell, assign or otherwise transfer any of its Stockholder Shares unless the buyer, assignee or transferee thereof executes a joinder
agreement to this Support Agreement in a form reasonably acceptable to Holdco and the Company. SPAC shall not register any sale,
assignment or transfer of the Stockholder Shares on SPAC’s transfer (book entry or otherwise) that is not in compliance
with this Section 2.


 


3.
No Redemption. Each Stockholder hereby agrees that it shall not redeem, or submit a request to SPAC’s transfer agent
or otherwise exercise any right to redeem, any Stockholder Shares.


 


4.
Waiver of Anti-dilution Rights. Each Stockholder hereby waives its anti-dilution rights under the Section 6(c) of the SPAC’s
Amended and Restated Certificate of Incorporation dated November 12, 2021.


 


5.
New Securities. During the period commencing on the date hereof and ending on the Expiration Time, in the event that, (a)
any shares of SPAC Common Stock or other equity securities of SPAC are issued to any Stockholder after the date of this Support
Agreement pursuant to any stock dividend, stock split, recapitalization, reclassification, combination, (b) any Stockholder purchases
or otherwise acquires beneficial ownership of any shares of SPAC Common Stock or other equity securities of SPAC after the date
of this Support Agreement, or (c) any Stockholder acquires the right to vote or share in the voting of any SPAC Common Stock or
other equity securities of SPAC after the date of this Support Agreement (such SPAC Common Stock or other equity securities of
SPAC, collectively the “New Securities”), then such New Securities acquired or purchased by the relevant Stockholder
shall be subject to the terms of this Support Agreement to the same extent as if they constituted the Stockholder Shares as of
the date hereof.


 





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6.
Consent to Disclosure. Each Stockholder hereby consents to the publication and disclosure in the Proxy/Registration Statement
(and, as and to the extent otherwise required by applicable securities Laws or the SEC or any other securities authorities, any
other documents or communications provided by SPAC, Holdco or the Company to any Governmental Authority or to securityholders
of SPAC or Holdco) of such Stockholder’s identity and beneficial ownership of Stockholder Shares and the nature of such
Stockholder’s commitments, arrangements and understandings under and relating to this Support Agreement and, if deemed appropriate
by SPAC, Holdco or the Company, a copy of this Support Agreement. Each Stockholder will promptly provide any information reasonably
requested by SPAC, Holdco or the Company for any regulatory application or filing made or approval sought in connection with the
Transactions (including filings with the SEC).


 


7.
No Challenge. Each Stockholder agrees, in its capacity as a stockholder only, not to commence, join in, facilitate, assist
or encourage, and agrees to take all actions necessary to opt out of any class in any class action with respect to, any claim,
derivative or otherwise, against SPAC, Holdco, Amalgamation Sub, Merger Sub, the Company or any of their respective successors
or directors (a) challenging the validity of, or seeking to enjoin the operation of, any provision of this Support Agreement or
the Business Combination Agreement or (b) alleging a breach of any fiduciary duty of any person in connection with the evaluation,
negotiation or entry into the Business Combination Agreement.


 


8.
Stockholder Representations: Each Stockholder represents and warrants to SPAC and the Company, as of the date hereof, that:


 


		a.	such
                                         Stockholder has never been suspended or expelled from membership in any securities or
                                         commodities exchange or association or had a securities or commodities license or registration
                                         denied, suspended or revoked;



 


		b.	such
                                         Stockholder has full right and power, without violating any agreement to which it is
                                         bound (including, without limitation, any non-competition or non- solicitation agreement
                                         with any employer or former employer), to enter into this Support Agreement;



 


		c.	(i)
                                         if such Stockholder is not an individual, such Stockholder is duly organized, validly
                                         existing and in good standing under the Laws of the jurisdiction in which it is organized,
                                         and the execution, delivery and performance of this Support Agreement and the consummation
                                         of the transactions contemplated hereby are within the such Stockholder’s organizational
                                         powers and have been duly authorized by all necessary organizational actions on the part
                                         of the Stockholder and (ii) if such Stockholder is an individual, the signature on this
                                         Support Agreement is genuine, and such Stockholder has legal competence and capacity
                                         to execute the same;



 





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		d.	this
                                         Support Agreement has been duly executed and delivered by such Stockholder and, assuming
                                         due authorization, execution and delivery by the other parties to this Support Agreement,
                                         this Support Agreement constitutes a legally valid and binding obligation of such Stockholder,
                                         enforceable against such Stockholder in accordance with the terms hereof (except as enforceability
                                         may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights
                                         and general principles of equity affecting the availability of specific performance and
                                         other equitable remedies);



 


		e.	the
                                         execution and delivery of this Support Agreement by such Stockholder does not, and the
                                         performance by such Stockholder of its obligations hereunder will not, (i) conflict with
                                         or result in a violation of the organizational documents of such Stockholder, or (ii)
                                         require any consent or approval from any third party that has not been given or other
                                         action that has not been taken by any third party, in each case, to the extent such consent,
                                         approval or other action would prevent, enjoin or materially delay the performance by
                                         such Stockholder of its obligations under this Support Agreement;



 


		f.	there
                                         are no Actions pending against such Stockholder or, to the knowledge of such Stockholder,
                                         threatened against such Stockholder, before (or, in the case of threatened Actions, that
                                         would be before) any arbitrator or any Governmental Authority, which in any manner challenges
                                         or seeks to prevent, enjoin or materially delay the performance by such Stockholder of
                                         such Stockholder’s obligations under this Support Agreement;



 


		g.	no
                                         broker, finder, investment banker or other Person is entitled to any brokerage fee, finders’
                                         fee or other commission in connection with this Support Agreement or any of the respective
                                         transactions contemplated hereby, based upon arrangements made by the Stockholder or,
                                         to the knowledge of such Stockholder, by SPAC;



 


		h.	such
                                         Stockholder has had the opportunity to read the Business Combination Agreement and this
                                         Support Agreement and has had the opportunity to consult with such Stockholder’s
                                         tax and legal advisors;



 


		i.	such
                                         Stockholder has not entered into, and shall not enter into, any agreement that would
                                         prevent such Stockholder from performing any of such Stockholder’s obligations
                                         hereunder;



 


		j.	such
                                         Stockholder has good title to the Stockholder Shares opposite such Stockholder’s
                                         name on Exhibit A, free and clear of any Liens other than Permitted Liens, and
                                         such Stockholder has the sole power to vote or cause to be voted such Stockholder Shares;
                                         and



 


		k.	the
                                         Stockholder Shares opposite such Stockholder’s name on Exhibit A are the
                                         only shares of SPAC Common Stock owned of record or beneficially owned by the Stockholder
                                         as of the date hereof, and none of such Stockholder Shares are subject to any proxy,
                                         voting trust or other agreement or arrangement with respect to the voting of such Stockholder
                                         Shares that is inconsistent with such Stockholder’s obligations pursuant to this
                                         Support Agreement.



 





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9.
Damages; Remedies. Each Stockholder hereby agrees and acknowledges that (a) SPAC, Holdco and the Company would be irreparably
injured in the event of a breach by the Stockholder of its obligations under this Support Agreement, (b) monetary damages may
not be an adequate remedy for such breach and (c) the non-breaching party shall be entitled to injunctive relief, in addition
to any other remedy that such party may have in law or in equity, in the event of such breach.


 


10.
Entire Agreement; Amendment. This Support Agreement and the other agreements referenced herein constitute the entire agreement
and understanding of the parties hereto in respect of the subject matter hereof and supersede all prior understandings, agreements
or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby. This Support Agreement may not be changed, amended, modified or waived (other
than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties
hereto.


 


11.
Assignment. No party hereto may, except as set forth herein, assign either this Support Agreement or any of its rights,
interests, or obligations hereunder without the prior written consent of the other parties. Any purported assignment in violation
of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported
assignee. This Support Agreement shall be binding on each Stockholder, the SPAC, Holdco and the Company and each of their respective
successors, heirs, personal representatives and assigns and permitted transferees.


 


12.
Counterparts. This Support Agreement may be executed in any number of original, electronic or facsimile counterparts and
each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument.


 


13.
Severability. This Support Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision
hereof shall not affect the validity or enforceability of this Support Agreement or of any other term or provision hereof. Furthermore,
in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part
of this Support Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be
valid and enforceable.


 


14.
Governing Law; Jurisdiction; Jury Trial Waiver. Section 11.7 and Section 11.14 of the Business Combination Agreement is
incorporated by reference herein to apply with full force to any disputes arising under this Support Agreement.


 


15.
Notice. Any notice, consent or request to be given in connection with any of the terms or provisions of this Support Agreement
shall be in writing and shall be sent or given in accordance with the terms of Section 11.3 of the Business Combination Agreement
to the applicable party, with respect to the Company, Holdco and SPAC, at the address set forth in Section 11.3 of the Business
Combination Agreement, and, with respect to each Stockholder, at its address set forth on Exhibit A.


 





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16.
Termination. This Support Agreement shall terminate on the earlier of the Closing or the termination of the Business Combination
Agreement. No such termination shall relieve any Stockholder, SPAC, Holdco or the Company from any liability resulting from a
breach of this Support Agreement occurring prior to such termination.


 


17.
Adjustment for Stock Split. If, and as often as, there are any changes in the SPAC or the Stockholder Shares by way of
stock split, stock dividend, combination or reclassification, or through merger, consolidation, reorganization, recapitalization
or business combination, or by any other means, equitable adjustment shall be made to the provisions of this Support Agreement
as may be required so that the rights, privileges, duties and obligations hereunder shall continue with respect to each Stockholder,
SPAC, the Company, Holdco, the Stockholder Shares as so changed.


 


18.
Further Actions. Each of the parties hereto agrees to execute and deliver hereafter any further document, agreement or
instrument of assignment, transfer or conveyance as may be necessary or desirable to effectuate the purposes hereof and as may
be reasonably requested in writing by another party hereto.


 


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


 


		AUM BIOSCIENCES
         PTE. LTD.
	 	 	 
	 	By:	/s/
Vishal Doshi
	 	Name: 	Vishal Doshi
	 	Title:	Chairman,
CEO



 




		MOUNTAIN
         CREST ACQUISITION CORP. V
	 	 	 
	 	By:	/s/
Suying Liu
	 	Name: 	Suying
                                         Liu
	 	Title:	Chairman,
                                         Chief Executive Officer and Chief Financial Officer


 





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


 




		STOCKHOLDERS
	 	 
	 	Mountain
                                        Crest Global Holdings LLC
	 	 	 
	 	By:	/s/
Suying Liu                      
	 	Name: 	Suying
                                         Liu
	 	Title:	Member
	 	 	 
	 	/s/ Helson Haight
	 	Helson
                                        Haight
	 	 	 
	 	/s/ Todd T. Milbourn
	 	Todd
                                        T. Milbourn
	 	 	 
	 	/s/ Wenhua Zhang
	 	Wenhua
                                        Zhang


 





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Exhibit
A


 


Stockholders


 


	Stockholder
	Number
                                         of Shares
	Address
                                         for Notices

	Mountain
                                         Crest Global

        Holdings
        LLC
	1,940,800	c/o
                                         Mountain Crest Acquisition Corp. IV

        311
        West 43rd St., 12th Floor

        New
        York, NY 10036

	Nelson
    Haight	2,400	c/o
                                         Mountain Crest Acquisition Corp. IV

        311
        West 43rd St., 12th Floor

        New
        York, NY 10036

	Todd
    T. Milbourn	2,400	c/o
                                         Mountain Crest Acquisition Corp. IV

        311
        West 43rd St., 12th Floor

        New
        York, NY 10036

	Wenhua
    Zhang	2,400	c/o
                                         Mountain Crest Acquisition Corp. IV

        311
        West 43rd St., 12th Floor

        New
        York, NY 10036




 





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