Exhibit
10.2


 


April
7, 2022


 


Dorchester
Capital Acquisition Corp.

210 Park Avenue, Suite 3121


Oklahoma
City, Oklahoma 73102


 


EarlyBirdCapital,
Inc.

366 Madison Ave 8th Floor

New York, NY 10017


 


Stephens,
Inc.

65 E 55th Street, 22nd Floor


New
York, NY 10022


 


		Re:	Initial
Public Offering



 


Ladies
and Gentlemen:


 


This
letter (this “Letter Agreement”) is being delivered to you in anticipation of the Underwriting Agreement (the
“Underwriting Agreement”) to be entered into by and among Dorchester Capital Acquisition Corp., a Delaware
corporation (the “Company”), and EarlyBirdCapital, Inc. and Stephens Inc. (the “Underwriters”),
relating to an underwritten initial public offering (the “Public Offering”), of 15,000,000 of the Company’s
units (including up to an additional 2,250,000 units which may be purchased to cover over-allotments, if any) (the “Units”),
each comprised of one share of the Company’s Class A common stock, par value $0.0001 per share (the “Class A Common
Stock”), and one-half of one warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles
the holder thereof to purchase one whole share of the Class A Common Stock at a price of $11.50 per share, subject to adjustment, provided
that Warrants may be exercised only for whole shares. The Units shall be sold in the Public Offering pursuant to the registration statement
on Form S-1 and prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission
(the “Commission”) and the Company shall apply to have the Units listed on the New York Stock Exchange. Certain
capitalized terms used herein are defined in paragraph 11 hereof.


 


In
order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, DC-SPAC, LLC, an Oklahoma limited
liability company (the “Sponsor”), and each of the undersigned individuals, each of whom is a member of the
Company’s board of directors and/or management team (each an “Insider” and, collectively, the “Insiders”),
hereby agrees with the Company as follows:


 


1.
The Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business Combination, then in connection
with such proposed Business Combination, it, he or she shall vote any shares of Common Stock (as defined below) owned by it, him or her
in favor of any proposed Business Combination. If the Company engages in a tender offer in connection with any proposed Business Combination,
the Sponsor and each Insider agrees that it, he or she will not seek to sell its, his or her shares of Common Stock to the Company in
connection with such tender offer.


 






     


     


    

 


2.
The Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business Combination within the timeframe
set forth in the Company’s certificate of incorporation (as it may be amended from time to time, the “Charter”),
the Sponsor and each Insider shall take all reasonable steps to cause the Company to (a) cease all operations except for the purpose
of winding up, (b) as promptly as reasonably possible but not more than ten (10) business days thereafter, redeem 100% of the Class A
Common Stock sold as part of the Units in the Public Offering (the “Offering Shares”), at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the
Trust Account and not previously released to the Company to pay its taxes (less up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding Offering Shares, which redemption will completely extinguish the Public Stockholders’
rights as stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (c)
as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and
the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware
law to provide for claims of creditors and other requirements of applicable law. The Sponsor and Insiders agree to not propose any amendment
to the Company’s Charter that would affect the substance or timing of the Company’s obligation to redeem 100% of the Offering
Shares if the Company does not complete a Business Combination within the required time period set forth in the Charter, unless the Company
provides its Public Stockholders with the opportunity to redeem their Offering Shares upon approval of any such amendment at a per share
price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held
in the Trust Account and not previously released to the Company to pay its taxes, divided by the number of then outstanding Offering
Shares.


 


To
the fullest extent permitted by applicable law, the Company hereby agrees to defend, indemnify, hold harmless and exonerate (including
the advancement of expenses to the fullest extent permitted by applicable law) the Sponsor, its affiliates and their respective present
and former officers and directors (each, a “Sponsor Indemnitee”) from and against any and all costs, fees,
expenses, judgments, liabilities, fines, penalties, reasonable attorneys’ fees and amounts paid in settlement (including all interest,
assessments and other charges paid or payable in connection with or in respect of such costs, fees, expenses, judgments, liabilities,
fines, penalties, reasonable attorneys’ fees and amounts paid in settlement) actually, and reasonably, incurred by a Sponsor Indemnitee
or on a Sponsor Indemnitee’s behalf in connection with any threatened, pending or completed action, suit, arbitration, mediation,
alternate dispute resolution mechanism, investigation, inquiry, hearing or any other actual, threatened or completed proceeding instituted
by the Company or any third party, whether civil, criminal, administrative or investigative in nature, in respect of any investment opportunities
sourced by a Sponsor Indemnitee for the Company or any liability arising with respect to a Sponsor Indemnitee’s activities in connection
with the affairs of the Company (in each case to the extent that such indemnification, hold harmless and exoneration obligations with
respect to such matters are not expressly covered by a separate written agreement between the Company and the applicable Sponsor Indemnitee);
provided, that in no event shall a Sponsor Indemnitee be entitled to be indemnified or held harmless hereunder in respect of any costs,
fees, expenses, judgments, liabilities, fines, penalties, reasonable attorneys fees and amounts paid in settlement (if any) that Sponsor
Indemnitee may incur by reason of such person’s own actual fraud or intentional misconduct; provided further, for the avoidance
of doubt, that under no circumstance shall a Sponsor Indemnitee have a claim to any monies or assets held in the Trust Account, and the
Company shall not be permitted to procure monies or assets held in the Trust Account for the satisfaction of its obligations to any Sponsor
Indemnitee in respect of the indemnification provided hereunder. The Sponsor Indemnitees shall be third party beneficiaries of this paragraph.


 






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3.
During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor and
each Insider agrees that it shall not, without the prior written consent of the Underwriters, (a) sell, offer to sell, contract or agree
to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or
establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations of the
Commission promulgated thereunder, any Units, shares of Class A Common Stock, shares of the Company’s Class B common stock, par
value $0.0001 per share (the “Class B Common Stock” and, together with the Class A Common Stock, the “Common
Stock”), Warrants or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock owned
by it, him or her, (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any Units, shares of Common Stock, Warrants or any securities convertible into, or exercisable, or exchangeable for,
shares of Class A Common Stock owned by it, him or her, whether any such transaction is to be settled by delivery of such securities,
in cash or otherwise, or (c) publicly announce any intention to effect any transaction specified in clause (a) or (b).


 


4.
In the event of the liquidation of the Trust Account, the Sponsor (which for purposes of clarification shall not extend to any officer,
member or manager of the Sponsor) agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage
and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing
or defending against any litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject
as a result of any claim by (a) any third party (other than the Company’s independent registered public accounting firm) for services
rendered or products sold to the Company or (b) a prospective target business with which the Company has entered into a letter of intent,
confidentiality or other similar agreement or business combination agreement (a “Target”); provided,
however, that such indemnification of the Company by the Sponsor shall apply only to the extent necessary to ensure that such
claims by a third party for services rendered (other than the Company’s independent registered public accounting firm) or products
sold to the Company or a Target do not reduce the amount of funds in the Trust Account to below the lesser of (A) $10.20 per share of
the Offering Shares and (B) the actual amount per share of the Offering Shares held in the Trust Account due to reductions in the value
of the trust assets as of the date of the liquidation of the Trust Account, in each case including interest earned on the funds held
in the Trust Account and not previously released to the Company to pay its taxes, less taxes payable, except as to any claims by a third
party or Target that executed an agreement waiving claims against and all rights to seek access to the Trust Account whether or not such
agreement is enforceable. In the event that any such executed waiver is deemed to be unenforceable against such third party, the Sponsor
shall not be responsible for any liability as a result of any such third party claims. Notwithstanding any of the foregoing, such indemnification
of the Company by the Sponsor shall not apply as to any claims under the Company’s obligation to indemnify the Underwriters against
certain liabilities, including liabilities under the Securities Act. The Sponsor shall have the right to defend against any such claim
with counsel of its choice reasonably satisfactory to the Company if, within fifteen (15) days following written receipt of notice of
the claim to the Sponsor, the Sponsor notifies the Company in writing that it shall undertake such defense.


 






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5.
The Sponsor and each Insider acknowledges that it, he or she has no right, title, interest or claim of any kind in or to any monies held
in the Trust Account, including, with respect to the Founder Shares, as a result of any liquidation of the Company. The Sponsor and each
Insider hereby further waives (i) any claim they may have in the future as a result of, or arising out of, any contracts or agreements
with the Company and will not seek recourse against the Trust Account for any reason whatsoever and (ii) with respect to any shares of
the Common Stock held by it, him or her, redemption rights it, he or she may have in connection with the consummation of a Business Combination,
including, without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination or
in the context of a tender offer made by the Company to purchase shares of the Common Stock and in connection with a stockholder vote
to amend the Company’s Charter in a manner that would affect the substance or timing of the Company’s obligation to redeem
100% of the Common Stock if the Company has not consummated a Business Combination within 18 months from the closing of the Public Offering;
provided, however, in each case, that the Sponsor, the Insiders and their respective affiliates shall be entitled to liquidation
rights with respect to any shares of the Common Stock which were sold in the Public Offering that it or they hold, including any claims
or other recourse against the Trust Account they may have in respect of such rights, if the Company fails to consummate a Business Combination
within 18 months from the date of the closing of the Public Offering or such later date as may be specified in an amendment to the Company’s
Charter.


 


6.
To the extent that the Underwriters do not exercise their over-allotment option to purchase an additional 2,250,000 Units (as described
in the Prospectus), the Sponsor agrees, upon the expiration or waiver of such option, to forfeit, for cancellation at no cost, a number
of Founder Shares equal to 562,500 multiplied by a fraction, (a) the numerator of which is 2,250,000 minus the number of Units purchased
by the Underwriters upon the exercise of their over-allotment option, and (b) the denominator of which is 2,250,000. The forfeiture will
be adjusted to the extent that the over-allotment option is not exercised in full by the Underwriters so that the number of Founder Shares
will represent 25.0% of the number of the Company’s shares of Class A Common Stock sold in the Public Offering. The Sponsor further
agrees that to the extent that (a) the size of the Public Offering is increased or decreased and (b) the Sponsor has either purchased
or sold shares of Common Stock or an adjustment to the number of Founder Shares has been effected by way of a stock split, stock dividend,
reverse stock split, contribution back to capital or otherwise, in each case in connection with such increase or decrease in the size
of the Public Offering, then (i) the references to 2,250,000 in the numerator and denominator of the formula in the first sentence of
this paragraph shall be changed to a number equal to 15.0% of the number of the Units issued in the Public Offering and (ii) the reference
to 562,500 in the formula set forth in the first sentence of this paragraph shall be adjusted to such number of Founder Shares that the
Sponsor would have to collectively return to the Company in order for all holders of Founder Shares to hold an aggregate number of Founder
Shares representing 25.0% of the number of the Company’s shares of Class A Common Stock sold in the Public Offering.


 






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7.
(a) Subject to the exceptions set forth herein, the Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder
Shares held by it, him or her until the earlier to occur of (a) 180 days after completion of a Business Combination or (b) subsequent
to a Business Combination, the date on which the Company consummates a subsequent liquidation, merger, stock exchange or other similar
transaction which results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash,
securities or other property (the “Lock-up”).


 


(b)
Subject to the exceptions set forth herein, the Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement
Warrants or Class A Common Stock underlying such Warrants held by it, him or her, until after the completion of a Business Combination.


 


(c)
Notwithstanding the provisions set forth in paragraphs 7(a) and 7(b) above, Transfers of the Founder Shares, Private Placement Warrants
and shares of Class A Common Stock underlying the Private Placement Warrants are permitted (a) to the Company’s officers or directors,
any affiliates or family members of any of the Company’s officers or directors, any members of the Sponsor or their affiliates,
or any affiliates of the Sponsor; (b) in the case of an individual, by gift to a member of the individual’s immediate family, 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; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (d) in the
case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with the
consummation of a Business Combination at prices no greater than the price at which the securities were originally purchased; (f) in
the event of the Company’s liquidation prior to the completion of a Business Combination; (g) by virtue of the laws of Delaware
or our Sponsor’s limited liability company agreement upon dissolution of the Sponsor; or (h) in the event of completion of a liquidation,
merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange
their shares of Common Stock for cash, securities or other property subsequent to the completion of a Business Combination; provided,
however, that in the case of clauses (a) through (e) and (g), these permitted transferees must enter into a written agreement
agreeing to be bound by these transfer restrictions and the other restrictions contained in this Letter Agreement (including provisions
relating to voting, the Trust Account and liquidating distributions).


 


(d)
Each of the Sponsor and each Insider hereby agrees and acknowledges that: (a) each of the Underwriters and the Company would be irreparably
injured in the event of a breach by such Sponsor or Insider of his, her or its obligations under paragraphs 7(a) and 7(b), (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.


 






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8.
Each Insider’s biographical information furnished to the Company that is included in the Prospectus is true and accurate in all
respects and does not omit any material information with respect to such Insider’s background. Each Insider’s questionnaire
furnished to the Company is true and accurate in all respects. Each Insider represents and warrants that: such Insider is not subject
to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from
any act or practice relating to the offering of securities in any jurisdiction; such Insider has never been convicted of, or pleaded
guilty to, any crime (a) involving fraud, (b) relating to any financial transaction or handling of funds of another person, or (c) pertaining
to any dealings in any securities and such Insider is not currently a defendant in any such criminal proceeding; and neither such Insider
nor the Sponsor has ever 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. Further, the Sponsor and each Insider represents and
warrants that it has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities
Act.


 


9.
Except as disclosed in the Prospectus, neither the Sponsor nor any Insider nor any affiliate of the Sponsor or any Insider, nor any director
or officer of the Company, shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect of
any repayment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate the consummation
of the Company’s initial Business Combination (regardless of the type of transaction that it is), other than the following, none
of which will be made from the proceeds held in the Trust Account prior to the completion of the initial Business Combination: repayment
of a loan and advances up to an aggregate of $150,000 made to the Company by the Sponsor; payment to the Sponsor or an affiliate of the
Sponsor for office space, utilities and secretarial and administrative support for a total of $40,000 per month; reimbursement for any
out-of-pocket expenses related to identifying, investigating, negotiating and completing an initial Business Combination; and repayment
of non-interest bearing loans, if any, and on such terms as to be determined by the Company from time to time, made by the Sponsor or
any of the Company’s officers or directors to finance operating expenses and transaction costs in connection with an intended initial
Business Combination, provided, that, if the Company does not consummate an initial Business Combination, a portion of the working
capital held outside the Trust Account may be used by the Company to repay such loaned amounts so long as no proceeds from the Trust
Account are used for such repayment. Up to $1,500,000 of such loans may be convertible into warrants at a price of $1.00 per warrant
at the option of the lender. Such warrants would be identical to the Private Placement Warrants, including as to exercise price, exercisability
and exercise period.


 


10.
The Sponsor and each Insider 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 Letter Agreement and, as
applicable, to serve as an officer and/or director on the board of directors of the Company and each Insider hereby consents to being
named in the Prospectus as an officer and/or director of the Company, as applicable.


 






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11.
As used herein, (a) “Business Combination” shall mean a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination, involving the Company and one or more businesses; (b) “Founder
Shares” shall mean the shares of the Class B Common Stock (and any shares of Class A Common Stock such shares are converted
into) held by the Sponsor, the Company’s independent directors and any other holder prior to the consummation of the Public Offering;
(c) “Private Placement Warrants” shall mean the warrants to purchase 8,600,000 shares of Class A Common Stock
(or 9,000,000 shares of Class A Common Stock if the Underwriters’ over-allotment option in connection with the Public Offering
is exercised in full), that the Sponsor has agreed to purchase for an aggregate purchase price of approximately $8,600,000 (or approximately
$9,000,000 if the Underwriters’ over-allotment option in connection with the Public Offering is exercised in full), or $1.00 per
warrant, in a private placement that shall occur simultaneously with the consummation of the Public Offering; (d) “Public
Stockholders” shall mean the holders of shares of Class A Common Stock issued in the Public Offering; (e) “Trust
Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering and the sale of the
Private Placement Warrants to the Sponsor shall be deposited; (f) “Transfer” shall mean the (A) sale 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 Exchange Act, and the rules and regulations of the Commission promulgated
thereunder with respect to, any security, (B) 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 (C) public announcement of any intention to effect any transaction specified in clause (A) or (B); and (g) “Securities
Act” means the Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder.


 


12.
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
and supersedes 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 Letter 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.


 


13.
No party hereto may assign either this Letter 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 Letter Agreement shall be binding on the Sponsor, each Insider
and each of their respective successors, heirs and assigns.


 


14.
Nothing in this Letter Agreement shall be construed to confer upon, or give to, any person or entity other than the parties hereto any
right, remedy or claim under or by reason of this Letter Agreement or of any covenant, condition, stipulation, promise or agreement hereof.
All covenants, conditions, stipulations, promises and agreements contained in this Letter Agreement shall be for the sole and exclusive
benefit of the parties hereto and their successors, heirs, personal representatives and assigns and permitted transferees.


 






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15.
This Letter Agreement may be executed in any number of original 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.


 


16.
This Letter 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 Letter 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 Letter Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.


 


17.
This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties
hereto (a) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall
be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue,
which jurisdiction and venue shall be exclusive and (b) waive any objection to such exclusive jurisdiction and venue or that such courts
represent an inconvenient forum.


 


18.
Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery
or facsimile transmission.


 


19.
This Letter Agreement shall terminate on the earlier of (a) the expiration of the Lock-up or (b) the liquidation of the Company prior
to the consummation of a Business Combination; provided, however, that this Letter Agreement shall earlier terminate in
the event that the Company determines not to proceed with and to abandon the Public Offering, provided further that paragraph
4 of this Letter Agreement shall survive such liquidation.


 


20.
Each of the undersigned acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations
and warranties set forth herein in proceeding with the Public Offering. Nothing contained herein shall be deemed to render the Underwriters
a representative of, or a fiduciary with respect to, the Company, its stockholders or any creditor or vendor of the Company with respect
to the subject matter hereof.


 


 


[Signature
Page Follows]


 






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	 	Sincerely,
	 	 	 
	 	DC-SPAC, LLC
	 	 	 
	 	By: 	/s/ John T. Perri
	 	Name:	John T. Perri
	 	Title:	Manager



 






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	 	Directors and Officers of Dorchester Capital Acquisition Corp. 
	 	 	 
	 	/s/ John T. Perri
	 	Name: 	John T. Perri
	 	Title: 	Director and Chief Financial Officer
	 	 	 
	 	/s/ Brian P. Shannon
	 	Name:	 Brian P. Shannon
	 	Title: 	Director and Chief Executive Officer
	 	 	 
	 	/s/ Laura Byrd
	 	Name: 	Laura Byrd
	 	Title: 	Corporate Secretary
	 	 	 
	 	/s/ Joseph Nguyen
	 	Name: 	Joseph Nguyen
	 	Title: 	Chief Accounting Officer
	 	 	 
	 	/s/ David M. Wood
	 	Name: 	David M. Wood
	 	Title: 	Director
	 	 	 
	 	/s/ Michael G. Long
	 	Name:	 Michael G. Long
	 	Title: 	Director
	 	 	 
	 	/s/ Stephen A. Bishop
	 	Name: 	Stephen A. Bishop
	 	Title:	 Director



 


 





[Signature
Page to Letter Agreement]




 






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Acknowledged and Agreed:


 


	DORCHESTER CAPITAL ACQUISITION CORP.	 
	 	 	 
	By:	/s/ Brian P. Shannon	 
	Name:	Brian P. Shannon	 
	Title:	Chief Executive Officer	 
	 	 	 
	 	 	 
	EARLYBIRDCAPITAL,
    INC.	 
	 	 	 
	By:	/s/ Mike Powell	 
	Name:	Mike Powell	 
	Title:	Managing Director	 
	 	 	 
	 	 	 
	STEPHENS, INC.	 
	 	 	 
	By:	/s/ Clark W. Durham	 
	Name:	Clark W. Durham	 
	Title:	Vice President-ECM	 



 


 


[Signature Page to Letter Agreement]


 






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