Exhibit
10.2


 


EXHIBIT
A

 


FORM
OF LOCK-UP AGREEMENT


 


THIS
LOCK-UP AGREEMENT (this “Agreement”) is made and entered into as of October 25, 2022, by and between (i) Chijet
Motor Company, Inc., a Cayman Islands exempted company (“Pubco”), and (ii) the undersigned
(“Holder”). Any capitalized term used but not defined in this Agreement will have the meaning ascribed to
such term in the Business Combination Agreement (as defined below). Pubco and the Holder may be referred to herein individually as a
“Party” and collectively as the “Parties”.


 


WHEREAS,
on or about the date hereof, Jupiter Wellness Acquisition Corp., a Delaware corporation (“Purchaser”), Pubco,
Chijet Motor (USA) Company, Inc., a Delaware corporation and a wholly owned subsidiary of Pubco (“Merger Sub”),
Chijet Inc., a Cayman Islands exempted company (the “Company”), Mu Hongwei, in the capacity as the Seller Representative
thereunder, and the shareholders of the Company named as Sellers therein (collectively, the “Sellers”), including
Holder, entered into that certain Business Combination Agreement (as amended from time to time in accordance with the terms thereof,
the “Business Combination Agreement”), pursuant to which, subject to the terms and conditions thereof, among
other matters, (a) Pubco will acquire all of the issued and outstanding shares of the Company from the Sellers in exchange for ordinary
shares of Pubco (with certain of the shares to otherwise be received by the Earnout Participants being subject to vesting, transfer restrictions
and potential forfeiture after the Closing if certain post-Closing performance metrics are not met) and the Company shall surrender for
no consideration its shares in Pubco, such that the Company becomes a wholly owned subsidiary of Pubco and the Sellers become shareholders
of Pubco (the “Share Exchange”), and immediately thereafter (b) Merger Sub will merge with and into Purchaser,
with Purchaser continuing as the surviving entity (the “Merger”), and as a result of which, (i) Purchaser will
become a wholly-owned subsidiary of Pubco, and (ii) each issued and outstanding security of Purchaser immediately prior to the effective
time of the Merger will no longer be outstanding and will automatically be cancelled, in exchange for the right of the holder thereof
to receive a substantially equivalent security of Pubco (and with the holders of JWAC Class A Common Stock receiving one (1) CVR for
each share of JWAC Class A Common Stock held (with certain holders of Purchaser non-public shares waiving their right to receive CVRs
for their private shares of Purchaser)), all upon the terms and subject to the conditions set forth in the Business Combination Agreement
and in accordance with the provisions of applicable Law;


 


WHEREAS,
as of the date hereof, Holder is a Seller under the Business Combination Agreement and a holder of the Company Shares in such amounts
as set forth underneath Holder’s name on the signature page hereto; and


 


WHEREAS,
pursuant to the Business Combination Agreement, and in view of the valuable consideration to be received by Holder thereunder, the Parties
desire to enter into this Agreement, pursuant to which the Exchange Shares (including the Earnout Shares) to be issued to Holder in the
Share Exchange (all such securities, together with any securities paid as dividends or distributions with respect to such securities
or into which such securities are exchanged or converted, the “Restricted Securities”) shall become subject
to limitations on disposition as set forth herein.


 


NOW,
THEREFORE, in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below,
and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally
bound hereby, the Parties hereby agree as follows:


 




    	 



    	 



    

 


1. Lock-Up
Provisions.


 


(a) Holder
hereby agrees not to, during the period commencing from the Closing and ending on the earlier of (x) the six (6) month anniversary of
the date of the Closing, and (y) the date on which Pubco consummates a liquidation, merger, share exchange or other similar transaction
with an unaffiliated third party that results in all of Pubco’s shareholders having the right to exchange their equity holdings
in Pubco for cash, securities or other property (the “Lock-Up Period”): (i) lend, offer, pledge (except as
provided herein below), hypothecate, encumber, donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of (or enter into any
transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the future
of), directly or indirectly, any Restricted Securities, (ii) enter into any swap or other arrangement that transfers to another, in whole
or in part, any of the economic consequences of ownership of the Restricted Securities, or (iii) publicly disclose the intention to do
any of the foregoing, whether any such transaction described in clauses (i), (ii) or (iii) above is to be settled by delivery of Restricted
Securities or other securities, in cash or otherwise (any of the foregoing described in clauses (i), (ii) or (iii), a “Prohibited
Transfer”); provided, however, that notwithstanding the foregoing, solely with respect to 50% of the Restricted
Securities, the Lock-Up Period, if not terminated earlier in accordance with the terms hereof, shall be deemed to terminate on the date
on which the closing price of the Pubco Ordinary Shares equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends,
reorganizations, recapitalizations and the like) for any 20 days within an 30-trading day period commencing after the Closing. The foregoing
sentence shall not apply to the transfer of any or all of the Restricted Securities owned by Holder (I) by gift, will or intestate succession
upon the death of Holder, (II) to any Permitted Transferee (defined below), (III) pursuant to a court order or settlement agreement related
to the distribution of assets in connection with the dissolution of marriage or civil union or (IV) to Pubco in accordance with the requirements
of the Business Combination Agreement; provided, however, that in any of cases (I), (II) or (III) it shall be a condition to such transfer
that the transferee executes and delivers to Pubco, prior to such transfer, a lock-up agreement substantially in the form of this Agreement.
As used in this Agreement, the term “Permitted Transferee” shall mean: (A) the members of Holder’s immediate
family (for purposes of this Agreement, “immediate family” shall mean with respect to any natural person, any
of the following: such person’s spouse, the siblings of such person and his or her spouse, and the direct descendants and ascendants
(including adopted and step children and parents) of such person and his or her spouses and siblings), (B) any trust for the direct or
indirect benefit of Holder or the immediate family of Holder, (C) if Holder is a trust, to the trustor or beneficiary of such trust or
to the estate of a beneficiary of such trust, (D) if Holder is an entity, as a distribution to limited partners, shareholders, members
of, or owners of similar equity interests in Holder upon the liquidation and dissolution of Holder or (E) to any affiliate of Holder.
Holder further agrees to execute such agreements as may be reasonably requested by Pubco that are consistent with the foregoing or that
are necessary to give further effect thereto. Notwithstanding the foregoing, a Holder may pledge its Restricted Securities to a third
party during the Lock-up Period, provided that the party to whom the Restricted Securities are pledged acknowledges and agrees
in writing that the Restricted Securities are subject to this Agreement and that such third party shall not be entitled to enforce its
rights and remedies with respect to the Restricted Securities, including, without limitation, the right to vote, sell or take ownership
of such Restricted Securities, until after the Lock-Up Period.


 


(b) 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 Pubco shall refuse to recognize any such purported transferee of the Restricted Securities as one of its
equity holders for any purpose, and Pubco and its transfer agent are (a) hereby authorized to decline to register any transfer of securities
if such transfer would constitute a violation or breach of this Agreement and (b) to imprint on any certificate representing Shares a
legend describing the restrictions contained herein. In order to enforce this Agreement, Pubco may impose stop-transfer instructions
with respect to the Restricted Securities of Holder (and Permitted Transferees and assigns thereof) until the end of the Lock-Up Period.


 




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(c) During
the Lock-Up Period, each certificate evidencing any Restricted Securities shall be stamped or otherwise imprinted with a legend in substantially
the following form, in addition to any other applicable legends:


 


“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT, DATED AS OF OCTOBER
25, 2022, BY AND BETWEEN THE ISSUER OF SUCH SECURITIES (THE “ISSUER”) AND THE ISSUER’S SECURITY HOLDER NAMED THEREIN,
AS AMENDED. A COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF UPON WRITTEN REQUEST.”


 


(d) For
the avoidance of any doubt, Holder shall retain all of its rights as a shareholder of Pubco with respect to the Restricted Securities
during the Lock-Up Period, including the right to vote any Restricted Securities, but subject to the obligations under this Agreement
and the Business Combination Agreement.


 


2. Miscellaneous.


 


(a) Termination
of Business Combination Agreement. This Agreement shall be binding upon Holder on Holder’s execution and delivery of this Agreement,
but this Agreement shall only become effective upon the Closing. Notwithstanding anything to the contrary contained herein, in the event
that the Business Combination Agreement is terminated in accordance with its terms prior to the Closing, this Agreement shall automatically
terminate and become null and void, and the Parties shall not have any rights or obligations hereunder.


 


(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 transferred or delegated by Holder at any time. Pubco may freely assign any or all of its rights under this Agreement, in
whole or in part, to any successor entity (whether by merger, consolidation, equity sale, asset sale or otherwise) without obtaining
the consent or approval of Holder.


 


(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 or entity that is not
a party hereto or thereto or a successor or permitted assign of such a Party.


 


(d) Governing
Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of New York
without regard to the conflict of laws principles thereof, provided, however, that to the extent that the laws of the State of Delaware
are required to apply with respect to the Merger or any other actions hereunder, the laws of the State of Delaware shall so apply, without
regard to the conflict of laws principles thereof. 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 court therefrom) (the “Specified
Courts”). Each Party hereby (a) 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 and (b) 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 relating to the Transactions, on behalf of itself, or its property, by personal delivery of copies
of such process to such Party at the applicable address set forth in Section 2(g). Nothing in this Section 2(d) shall affect
the right of any Party to serve legal process in any other manner permitted by Law.


 




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(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 2(e).


 


(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 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) 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):


 




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	If
    to Pubco:

     

    Chijet
    Motor Company, Inc.

    No.
    8, Beijing South Road

    Economic
    & Technological Development Zone

    Yantai,
    Shandong, CN-37 264006

    People’s
    Republic of China

    Attn:
Xinjian Wang

    

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

     

    Ellenoff
    Grossman & Schole LLP

    1345
    Avenue of the Americas, 11th Floor

    New
    York, New York 10105

    Attn:
    Barry I. Grossman, Esq.

               Matthew
    A. Gray, Esq.

    Facsimile
    No.: (212) 370-7889

    Telephone
    No.: (212) 370-1300

    Email:
    bigrossman@egsllp.com

               mgray@egsllp.com

     

    and

     

    Jincheng
    Tongda & Neal Law Firm

    42/F,
    Central Tower, No.5 Xiancun Road

    Zhujiang
    New Town, Guangzhou 510623

    People’s
    Republic of China

    Attn:
    Bruce Zhao

    Facsimile
    No.: +86 020-38565608

    Telephone
    No.: +86 020-38565688

    Email:
    zhaohua@jtn.com

     

	If
    to Holder, to:

     

    the
    address set forth below Holder’s name on the signature page to this Agreement.
	With
    a copy to (which shall not constitute notice):

     

    Ellenoff
    Grossman & Schole LLP

    1345
    Avenue of the Americas, 11th Floor

    New
    York, New York 10105

    Attn:
    Barry I. Grossman, Esq.

               Matthew
    A. Gray, Esq.

    Facsimile
    No.: (212) 370-7889

    Telephone
    No.: (212) 370-1300

    Email:
    bigrossman@egsllp.com

                mgray@egsllp.com

     

    and

     

    Jincheng
    Tongda & Neal Law Firm

    42/F,
    Central Tower, No.5 Xiancun Road

    Zhujiang
    New Town, Guangzhou 510623

    People’s
    Republic of China

    Attn:
    Bruce Zhao

    Facsimile
    No.: +86 020-38565608

    Telephone
    No.: +86 020-38565688

    Email:
    zhaohua@jtn.com

     



 


(h) 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 Pubco and 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.


 




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(i) 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.


 


(j) 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 Pubco will have no adequate remedy at law, and agrees 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, Pubco 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.


 


(k) Entire
Agreement. This Agreement 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 Business Combination Agreement or any Ancillary Document. Notwithstanding the foregoing, nothing in this Agreement shall limit
any of the rights or remedies of Pubco or any of the obligations of Holder under any other agreement between Holder and Pubco or any
certificate or instrument executed by Holder in favor of Pubco, and nothing in any other agreement, certificate or instrument shall limit
any of the rights or remedies of Pubco or any of the obligations of Holder under this Agreement.


 


(l) Further
Assurances. From time to time, at another Party’s request and without further consideration (but at the requesting Party’s
reasonable cost and expense), each Party shall execute and deliver such additional documents and take all such further action as may
be reasonably necessary to consummate the transactions contemplated by this Agreement.


 


(m) Counterparts;
Facsimile. This Agreement may also be executed and delivered by facsimile 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 Pages Follow}


 






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IN
WITNESS WHEREOF, the Parties have executed this Lock-Up Agreement as of the date first written above. 


 


	 	Pubco:	 
	 	 	 
	 	CHIJET MOTOR COMPANY, INC.
	 	 	 
	 	By:	/s/ Hongwei Mu
	 	Name:
    	Hongwei
    Mu
	 	Title:
    	Director


 


{Additional
Signature on the Following Page}


 


{Signature
Page to Lock-Up Agreement}


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, the Parties have executed this Lock-Up Agreement as of the date first written above.


 


	Holder:	 
	 	 	 
	Name of Holder:  	 
	 	           	 
	By:	 	 
	Name:
    	 	 
	Title:
    	 	 


 


Number
and Type of Company Shares Owned:


 


	Company Ordinary Shares:	 




 


Address
for Notice:


 


	Address:	                                                                       	 
	 	 	 
	 	 	 






	Facsimile No.:	 	 
	Telephone No.:	 	 
	Email:	 	 




 


{Signature
Page to Lock-Up Agreement}


 






    	 



     


    

 


Schedule
A


 


This
is the Form of Lock-up Agreement executed by Chijet Motor Company, Inc. and each of the Holders: Chijet Holdings Limited and Euroamer
Kaiwan Technology Company Limited. Each of these Holders executed substantially identical forms of this document on the date thereof.