Exhibit 10.2


 


STOCKHOLDER SUPPORT AGREEMENT


 


This Stockholder Support Agreement
(this “Agreement”) is made and entered into as of September 20, 2021, by and among G Squared Ascend I
Inc., a Cayman Islands exempted company (which shall domesticate as a Delaware corporation in connection with the consummation of the
transactions contemplated by the Business Combination Agreement (as defined below)) (“SPAC”), Transfix, Inc.,
a Delaware corporation (the “Company”) and the undersigned stockholders (each, a “Written Consent
Party” and, collectively, the “Written Consent Parties”) of the Company. Capitalized terms used
but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Business Combination Agreement.


 


RECITALS


 


WHEREAS, on September 20,
2021, SPAC, the Company, Horizon Merger Sub Inc., a Delaware corporation and a direct, wholly owned Subsidiary of SPAC (“Merger
Sub”), and Transfix Holdings, Inc., a Delaware corporation and a direct, wholly owned Subsidiary of the Company (“Holdings”),
entered into a Business Combination Agreement (the “Business Combination Agreement”), pursuant to which, among
other things, (a) SPAC will merge with and into Holdings (the “Initial Merger”), with Holdings surviving
the Initial Merger and becoming the sole owner of Merger Sub and (b) immediately after the Initial Merger Effective Time, Merger
Sub will merge with and into the Company (the “Acquisition Merger” and, together with the Initial Merger, the
 “Business Combination”), with the Company surviving the Acquisition Merger as a wholly owned subsidiary of Holdings;


 


WHEREAS, pursuant to the Business
Combination Agreement, immediately prior to the Acquisition Merger Effective Time, each share of Company Preferred Stock that is issued
and outstanding immediately prior to the Acquisition Merger Effective Time shall automatically convert into a number of shares of Company
Common Stock at the then-effective conversion rate as calculated pursuant to the Company’s Certificate of Incorporation;


 


WHEREAS, the Business Combination
constitutes a Liquidation Event (as defined in the Company’s Certificate of Incorporation);


 


WHEREAS, pursuant to their
terms, upon consummation of the Business Combination, each of the following agreements will automatically terminate without any further
action on the part of the parties thereto pursuant to their respective terms: (i) that certain Amended and Restated Investors’
Rights Agreement, dated March 19, 2020, by and among the Company and the parties named therein (the “Investors’
Rights Agreement”); (ii) that certain Amended and Restated Company Voting Agreement, dated as of March 19, 2021,
by and among the Company and the parties named therein (the “Company Voting Agreement”); and (iii) that
certain Amended and Restated First Refusal and Co-Sale Agreement, dated March 19, 2021, by and among the Company and the parties
named therein (the “First Refusal and Co-Sale Agreement” and, together with the Investors’ Rights Agreement
and the Company Voting Agreement, the “Financing Agreements”);


 






     


     


    

 


WHEREAS, each Written Consent
Party agrees to enter into this Agreement with respect to all Company Securities (as defined below) that such Written Consent Party now
or hereafter owns, beneficially (as defined in Rule 13d-3 under the Exchange Act) or of record;


 


WHEREAS, each Written Consent
Party is the beneficial and/or record owner of, and has the sole right to vote or direct the voting of, such number of shares of Company
Stock as are set forth on Schedule A attached hereto opposite the name of such Written Consent Party;


 


WHEREAS, each of SPAC, the
Company and each Written Consent Party has determined that it is in its best interests to enter into this Agreement;


 


WHEREAS, each Written Consent
Party understands and acknowledges that each of SPAC and the Company is entering into the Business Combination Agreement in reliance upon
such Written Consent Party’s execution and delivery of this Agreement; and


 


WHEREAS, following the date
hereof, SPAC and Holdings intend to file with the SEC a registration statement on Form S-4 in connection with the matters set forth
in Section 7.02(a) of the Business Combination Agreement (the “Registration Statement”).


 


NOW, THEREFORE, in consideration
of the foregoing and the respective representations, warranties, covenants and agreements set forth below and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, do hereby
agree as follows:


 


1.            Definitions.
When used in this Agreement, the following terms in all of their tenses, cases and correlative forms shall have the meanings assigned
to them in this Section 1 or elsewhere in this Agreement.


 


“Affiliate”
of a specified person means a Person who, directly or indirectly through one or more intermediaries, controls, is controlled by, or is
under common control with, such specified Person (provided that if a Written Consent Party is a venture capital, private equity
or angel fund, no portfolio company of such Written Consent Party will be deemed an Affiliate of such Written Consent Party; provided
further that neither the Company nor any Company Subsidiary will be deemed an Affiliate of any Written Consent Party).


 


“Company
Securities” means, collectively, any Company Stock, Company Options, Company RSU Awards, Company Warrants, any securities convertible
into or exchangeable for any of the foregoing, and any interest in or right to acquire any of the foregoing, whether now owned or hereafter
acquired by any Written Consent Party hereto.


 


“Expiration
Time” shall mean the earlier to occur of (a) the Acquisition Merger Effective Time, (b) such date as the Business
Combination Agreement shall be validly terminated in accordance with Article IX thereof and (c) the effective date of a written
agreement of the parties hereto terminating this Agreement.


 


“Person”
means an individual, corporation, partnership, limited partnership, limited liability company, syndicate, person (including a “person”
as defined in Section 13(d)(3) of the Exchange Act), trust, association or entity or government, political subdivision, agency
or instrumentality of a government.


 






     2


     


    

 


“Transfer”
shall mean any direct or indirect sale, assignment, encumbrance, pledge, hypothecation, disposition, loan or other transfer, or entry
into any agreement with respect to any sale, assignment, encumbrance, pledge, hypothecation, disposition, loan or other transfer, excluding
(a) entry into this Agreement and the Business Combination Agreement and the consummation of the transactions contemplated hereby
and thereby and (b) the exercise of any Company Options or Company Warrants or settlement of any Company RSU Awards, in each case
in accordance with their terms.


 


2.            Agreement
to Retain the Company Securities.


 


2.1            No
Transfer of Company Securities. Until the Expiration Time, each Written Consent Party agrees not to, other than as expressly required
by the Business Combination Agreement (including pursuant to the Conversion) (a) redeem or Transfer any Company Securities, (b) deposit
any Company Securities into a voting trust or enter into a voting agreement or any similar agreement, arrangement or understanding with
respect to Company Securities or grant any proxy (except as otherwise provided herein), consent or power of attorney with respect thereto
(other than pursuant to this Agreement) (it being understood that the fact that certain Company Securities already may be subject to the
Company Voting Agreement shall not be deemed a violation of this Section 2.1 or Section 3.1 below), (c) 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
Company Securities held by such Written Consent Party, or (d) agree to or publicly announce any intention to effect any transaction
specified in clauses (a), (b) or (c); provided, that any Written Consent Party may Transfer any such Company Securities
to any Affiliate of such Written Consent Party, or if such Written Consent Party is a natural person, to immediate family or a trust for
the benefit of immediate family for estate planning purposes, if, and only if, the transferee of such Company Securities evidences in
a writing reasonably satisfactory to each of SPAC and the Company such transferee’s agreement to be bound by and subject to the
terms and provisions hereof to the same effect as such Written Consent Party.


 


2.2            Additional
Company Securities. Until the Expiration Time, each Written Consent Party agrees that any Company Securities that (a) are issued
to such Written Consent Party after the date of this Agreement pursuant to any stock dividend, stock split, recapitalization, reclassification,
combination or exchange of Company Securities or otherwise, (b) such Written Consent Party purchases or otherwise hereinafter acquires
(including as a result of the exercise of any Company Option or Company Warrant or settlement of any Company RSU Award) or (c) with
respect to which such Written Consent Party otherwise acquires sole or shared voting power after the execution of this Agreement and prior
to the Expiration Time shall be subject to the terms and conditions of this Agreement to the same extent as if they were owned by such
Written Consent Party as of the date hereof.


 


2.3            Unpermitted
Transfers. Any Transfer or attempted Transfer of any Company Securities in violation of this Section 2 shall, to the fullest
extent permitted by applicable Law, be null and void ab initio.


 






     3


     


    

 


3.            Agreement
to Consent and Approve.


 


3.1            Hereafter
until the Expiration Time, each Written Consent Party agrees that, except as otherwise agreed in writing with each of SPAC and the Company:


 


(a)            as
soon as reasonably practicable after the Registration Statement is declared effective under the Securities Act and delivered or otherwise
made available to stockholders, and in any event within forty-eight (48) hours after the Registration Statement is declared effective,
such Written Consent Party shall execute and deliver a written consent, substantially in the form attached as Exhibit D to the Business
Combination Agreement (the “Stockholder Written Consent”), which consent shall approve the Business Combination
Agreement, the Mergers and the other Transactions. Following such execution and delivery, each Written Consent Party hereby agrees that
it will not revoke, withdraw or repudiate the Stockholder Written Consent. The Stockholder Written Consent shall be coupled with an interest
and, prior to the Expiration Time, shall be irrevocable;


 


(b)            to
exercise the drag-along rights set forth in Section 4.2 of the Company Voting Agreement; and


 


(c)            at
the Acquisition Closing of the Business Combination Agreement, certain of such Written Consent Parties shall execute and deliver the Registration
Rights Agreement, substantially in the form attached as Exhibit C to the Business Combination Agreement.


 


Hereafter until the Expiration
Time, and subject to Section 2 hereof, no Written Consent Party shall enter into any tender or voting agreement, or any similar
agreement, arrangement or understanding, or grant a proxy or power of attorney, with respect to the Company Securities that is inconsistent
with this Agreement or otherwise take any other action with respect to the Company Securities that would prevent, materially restrict,
materially limit or materially interfere with the performance of such Written Consent Party’s obligations hereunder or the consummation
of the transactions contemplated hereby.


 


3.2            Hereafter
until the Expiration Time, at any meeting of the stockholders of the Company, or at any postponement or adjournment thereof, called to
seek the affirmative vote of the holders of the outstanding shares of Company Stock to adopt the Business Combination Agreement, or approve
the Mergers and the other Transactions, in any action by written consent or in any other circumstances upon which a vote, consent or other
approval (including the Stockholder Written Consent) with respect to the Business Combination Agreement, the Mergers or the other Transactions
is sought or upon which a consent or other approval is required under the Company’s Certificate of Incorporation or the Financing
Agreements, each Written Consent Party shall vote (or cause to be voted) all shares of Company Stock currently or hereinafter owned by
such Written Consent Party in favor of the foregoing. Additionally, hereafter until the Acquisition Merger Expiration Time, at any meeting
of the stockholders of the Company, or at any postponement or adjournment thereof, each Written Consent Party shall vote (or cause to
be voted) all shares of Company Stock currently or hereinafter owned by such Written Consent Party against any action, agreement or transaction
(other than the Business Combination Agreement or the Transactions) or proposal that would result in a breach of any covenant, representation
or warranty or any other obligation or agreement of the Company under the Business Combination Agreement or that would reasonably be expected
to result in the failure of the Transactions from being consummated.


 






     4


     


    

 


3.3            Hereafter
until the Expiration Time, at any meeting of the stockholders of the Company or at any postponement or adjournment thereof or in any other
circumstances upon which a Written Consent Party’s vote, consent or other approval (including by written consent) is sought, such
Written Consent Party shall vote (or cause to be voted) all Company Securities (to the extent such Company Securities are then entitled
to vote thereon), currently or hereinafter owned by such Written Consent Party against and withhold consent with respect to any Alternative
Transaction (as defined below). No Written Consent Party shall commit or agree to take any action inconsistent with the foregoing that
would be effective prior to the Expiration Time.


 


4.            Additional
Agreements.


 


4.1            Litigation.
Each Written Consent Party agrees 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, Merger Sub, the Company,
Holdings or any of their respective successors, directors or officers (a) challenging the validity of, or seeking to enjoin the operation
of, any provision of this 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 this Agreement or the Business Combination Agreement.


 


4.2            Waiver
of Certain Rights. Each Written Consent Party hereby waives any requirement for notice with respect to the Transactions under each
Financing Agreement.


 


4.3            Termination
of Side Letter Agreements. Each Written Consent Party hereby agrees and consents to the termination of any Side Letter Agreements
to which such Written Consent Party is party, effective as of the Acquisition Merger Effective Time without any further liability or obligation
to Holdings, the Company, the Company Subsidiaries or SPAC.


 


4.4            Consent
to Disclosure. Each Written Consent Party hereby consents to the publication and disclosure in the 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 or the Company to any Governmental Authority or to securityholders of SPAC) of such Written Consent
Party’s identity and beneficial ownership of Company Securities and the nature of such Written Consent Party’s commitments,
arrangements and understandings under and relating to this Agreement and, if deemed appropriate by SPAC or the Company, a copy of this
Agreement. Each Written Consent Party will promptly provide any information reasonably requested by SPAC or the Company for any regulatory
application or filing made or approval sought in connection with the Transactions (including filings with the SEC).


 






     5


     


    

 


4.5            Confidentiality.
Until the Expiration Time, each Written Consent Party will and will cause its Affiliates to keep confidential and not disclose any non-public
information relating to SPAC or the Company or any of their respective subsidiaries, including the existence or terms of, or transactions
contemplated by, this Agreement, the Business Combination Agreement or the other Transaction Documents, except to the extent that such
information (i) was, is or becomes generally available to the public after the date hereof other than as a result of a disclosure
by such Written Consent Party in breach of this Section 4.5, (ii) is, was or becomes available to such Written Consent
Party on a non-confidential basis from a source other than SPAC or the Company; provided that, to the knowledge of such Written
Consent Party, such information is not subject to a legal, fiduciary or contractual obligation of confidentiality or secrecy to SPAC
or the Company, or (iii) is or was independently developed by such Written Consent Party after the date hereof without use of, or
reference to any non-public information of SPAC or the Company. Notwithstanding the foregoing, such information may be disclosed to the
extent required to be disclosed in a judicial or administrative proceeding, or otherwise required to be disclosed by applicable Law (including
complying with any oral or written questions, interrogatories, requests for information or documents, subpoena, civil investigative demand
or similar process to which such disclosing party is subject), provided that such Written Consent Party gives SPAC or the Company,
as applicable, prompt notice of such request(s) or requirement(s), to the extent practicable (and not prohibited by Law), so that
SPAC or the Company may seek, at its expense, an appropriate protective order or similar relief (and such Written Consent Party shall
reasonably cooperate with such efforts).


 


5.            Representations
and Warranties of the Written Consent Parties. Each Written Consent Party hereby represents and warrants, severally and not jointly,
to SPAC and the Company as follows:


 


5.1            Due
Authority. Such Written Consent Party has the full power and authority to execute and deliver this Agreement and perform its obligations
hereunder. If such Written Consent Party is an individual, the signature to this agreement is genuine and such Written Consent Party has
legal competence and capacity to execute the same. This Agreement has been duly and validly executed and delivered by such Written Consent
Party and, assuming due execution and delivery by the other parties hereto, constitutes a legal, valid and binding obligation of such
Written Consent Party, enforceable against such Written Consent Party in accordance with its terms, except as limited by applicable Remedies
Exceptions.


 


5.2            Ownership
of the Company Securities. As of the date hereof, such Written Consent Party is the owner of the Company Securities set forth opposite
such Written Consent Party’s name on Schedule A, free and clear of any and all Liens, options, rights of first refusal
and limitations on such Written Consent Party’s voting rights, other than transfer restrictions under applicable securities laws
or the certificate of incorporation or bylaws or any equivalent organizational documents of the Company, as applicable, and restrictions
set forth in the Financing Agreements. Such Written Consent Party has sole voting power (including the right to control such vote as contemplated
herein), power of disposition and power to issue instructions with respect to all Company Securities currently owned by such Written Consent
Party, and the power to agree to all of the matters applicable to such Written Consent Party set forth in this Agreement. As of the date
hereof, such Written Consent Party does not own any Company Securities other than the Company Securities set forth opposite such Written
Consent Party’s name on Schedule A. As of the date hereof, such Written Consent Party does not own any rights to purchase
or acquire any Company Securities, except for the Company Warrants, Company Options and Company RSU Awards set forth opposite such Written
Consent Party’s name on Schedule A.


 






     6


     


    

 


5.3            No
Conflict; Consents.


 


(a)            The
execution and delivery of this Agreement by such Written Consent Party does not, and the performance by such Written Consent Party of
the obligations under this Agreement and the compliance by such Written Consent Party with any provisions hereof do not and will not:
(i) conflict with or violate any Law applicable to such Written Consent Party, (ii) if such Written Consent Party is an entity,
conflict with or violate the certificate of incorporation or bylaws or any equivalent organizational documents of the Company or such
Written Consent Party, or (iii) result in any breach of, or constitute a default (or an event, which with notice or lapse of time
or both, would become a material default) under, or give to others any rights of termination, amendment, acceleration or cancellation
of, or result in the creation of a Lien on any of the Company Securities owned by such Written Consent Party pursuant to any note, bond,
mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation to which such Written Consent
Party is a party or by which such Written Consent Party is bound, except, in the case of clauses (i) and (iii), as
would not reasonably be expected, individually or in the aggregate, to materially impair the ability of such Written Consent Party to
perform its obligations hereunder or to consummate the transactions contemplated hereby.


 


(b)            The
execution and delivery of this Agreement by such Written Consent Party does not, and the performance of this Agreement by such Written
Consent Party will not, require any consent, approval, authorization or permit of, or filing or notification to, or expiration of any
waiting period by any Governmental Authority or any other Person with respect to such Written Consent Party, other than those set forth
as conditions to closing in the Business Combination Agreement.


 


5.4            Absence
of Litigation. As of the date hereof, there is no Action pending against, or, to the knowledge of such Written Consent Party after
reasonable inquiry, threatened against such Written Consent Party that would reasonably be expected to materially impair the ability of
such Written Consent Party to perform its obligations hereunder or to consummate the transactions contemplated hereby.


 


5.5            Absence
of Other Voting Agreement. Such Written Consent Party has not: (i) entered into any voting agreement, voting trust or any similar
agreement, arrangement or understanding, with respect to any Company Securities owned by such Written Consent Party (other than as contemplated
by this Agreement and the Company Voting Agreement), (ii) granted any proxy, consent or power of attorney with respect to any Company
Securities owned by such Written Consent Party (other than as contemplated by this Agreement and the Company Voting Agreement) or (iii) entered
into any agreement, arrangement or understanding that would prohibit or prevent it from satisfying or would materially interfere with,
or is otherwise materially inconsistent with, its obligations pursuant to this Agreement.


 


5.6            Broker.
Except as described in Section 4.23 of the Business Combination Agreement, no broker, finder, investment banker or other Person is
entitled to any brokerage fee, finders’ fee, underwriting fee, deferred underwriting fee, commission or other similar payment in
connection with the Transactions based upon arrangements made by such Written Consent Party, for which the Company or any of its Affiliates
may become liable.


 






     7


     


    

 


5.7            Adequate
Information. Such Written Consent Party is a sophisticated stockholder and has adequate information concerning the business and financial
condition of SPAC and the Company to make an informed decision regarding this Agreement and the Transactions and has independently and
without reliance upon SPAC or the Company and based on such information as such Written Consent Party has deemed appropriate, made its
own analysis and decision to enter into this Agreement. Such Written Consent Party acknowledges that SPAC and the Company have not made
and do not make any representation or warranty, whether express or implied, of any kind or character except as expressly set forth in
this Agreement. Such Written Consent Party acknowledges that the agreements contained herein with respect to the Company Securities held
by such Written Consent Party are irrevocable.


 


6.            Fiduciary
Duties. The covenants and agreements set forth herein shall not prevent any designee of any Written Consent Party from serving on
the board of directors of the Company or from taking any action, subject to the provisions of the Business Combination Agreement, while
acting in such designee’s capacity as a director of the Company. Each Written Consent Party is entering into this Agreement solely
in its capacity as the owner of such Written Consent Party’s Company Securities.


 


7.            Termination.
This Agreement shall terminate and be of no further force or effect at the Expiration Time. Notwithstanding the foregoing sentence, this
Section 7 and Section 10 shall survive any termination of this Agreement. Upon termination of this Agreement,
none of the parties hereto shall have any further obligations or liabilities under this Agreement; provided, that nothing in this
Section 7 shall relieve any party hereto of liability for any willful material breach of this Agreement prior to its termination.


 


8.            No
Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in SPAC any direct or indirect ownership or incidence
of ownership of or with respect to any Written Consent Party’s Company Securities. All rights, ownership and economic benefits of
and relating to each Written Consent Party’s Company Securities shall remain fully vested in and belong to such Written Consent
Party, and SPAC shall have no authority to direct any Written Consent Party in the voting or disposition of any of Company Securities
except as otherwise provided herein.


 






     8


     


    

 


9.            Exclusivity.


 


9.1            From
the date of this Agreement and ending on the earlier of the Acquisition Closing and the valid termination of the Business Combination
Agreement, no Written Consent Party shall, and each Written Consent Party shall cause their Representatives acting on its behalf not to,
directly or indirectly, (1) enter into, solicit, initiate, knowingly facilitate, knowingly encourage or continue any discussions
or negotiations with, or knowingly encourage any inquiries or proposals by, or participate in any negotiations with, or provide any information
to, or otherwise cooperate in any way with, any person or other entity or “group” within the meaning of Section 13(d) of
the Exchange Act, concerning any (x) sale of any material assets of the Company and the Company Subsidiaries, taken as a whole, (y) sale
of any equity securities of the Company and the Company Subsidiaries, taken as a whole, or (z) merger, joint venture, consolidation,
liquidation, dissolution or similar transaction involving the Company and its Subsidiaries, taken as a whole (each, an “Alternative
Transaction”), (2) amend or grant any waiver or release under any standstill or similar agreement to which such Written
Consent Party is a party with respect to any class of equity securities of the Company or any of the Company Subsidiaries in connection
with any proposal or offer that could reasonably be expected to lead to an Alternative Transaction, (3) approve, endorse or recommend,
or propose publicly to approve, endorse or recommend, any Alternative Transaction, (4) approve, endorse, recommend, execute or enter
into any agreement in principle, confidentiality agreement, letter of intent, memorandum of understanding, term sheet, acquisition agreement,
merger agreement, option agreement, joint venture agreement, partnership agreement or other arrangement relating to any Alternative Transaction
or any proposal or offer that could reasonably be expected to lead to an Alternative Transaction, (5) commence, continue, permit
or renew any due diligence investigation regarding any Alternative Transaction, or (6) resolve or agree to do any of the foregoing
or otherwise authorize or permit any of its controlled affiliates or Representatives to take any such action. Each Written Consent Party
shall, and shall cause its controlled affiliates and Representatives acting on its behalf to, immediately cease any and all existing discussions
or negotiations with any person conducted heretofore with respect to any Alternative Transaction. Each Written Consent Party also agrees
that it will promptly request that each Representative of any special purpose acquisition corporation or similar person that has prior
to the date hereof executed a confidentiality agreement to which such Written Consent Party is a party in connection with its consideration
of an Alternative Transaction to return or destroy all Confidential Information furnished to such person by or on behalf of it pursuant
to such agreement prior to the date hereof.


 


9.2            From
the date of this Agreement and ending on the earlier of the Acquisition Closing and the valid termination of the Business Combination
Agreement, each Written Consent Party shall notify the Company and SPAC promptly after receipt by such Written Consent Party or any of
their securityholders or Representatives of any inquiry or proposal with respect to an Alternative Transaction, any inquiry that would
reasonably be expected to lead to an Alternative Transaction or any request for information relating to the Company or any of the Company
Subsidiaries or for access to the business, properties, assets, personnel, books or records of the Company or any of the Company Subsidiaries
by any third party, in each case that is related to or that would reasonably be expected to lead to an Alternative Transaction. In such
notice, such Written Consent Party shall identify the third party making any such inquiry, proposal, indication or request with respect
to an Alternative Transaction and provide the details of the material terms and conditions of any such inquiry, proposal, indication or
request. Each Written Consent Party shall keep the Company and SPAC informed, on a reasonably current and prompt basis, of the status
and material terms of any such inquiry, proposal, indication or request with respect to an Alternative Transaction, including the material
terms and conditions thereof any material amendments or proposed amendments.


 


9.3            If
any Written Consent Party or any of their Representatives receives any inquiry or proposal with respect to an Alternative Transaction
at any time prior to the Acquisition Closing, then such Written Consent Party shall promptly notify such person in writing that such Written
Consent Party is subject to an exclusivity agreement with respect to the Alternative Transaction that prohibits them from considering
such inquiry or proposal. Without limiting the foregoing, the parties agree that any violation of the restrictions set forth in this Section 9
by a Written Consent Party or its Affiliates or Representatives shall be deemed to be a breach of this Section 9 by such Written
Consent Party.


 






     9


     


    

 


10.            Miscellaneous.


 


10.1         Severability.
In the event that any term, provision, covenant or restriction of this Agreement, or the application thereof, is held to be illegal, invalid
or unenforceable under any present or future Law: (a) such provision will be fully severable; (b) this Agreement will be construed
and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof; (c) the remaining provisions
of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or
by its severance herefrom; and (d) in lieu of such illegal, invalid or unenforceable provision, there will be added automatically
as a part of this Agreement a legal, valid and enforceable provision as similar in terms of such illegal, invalid or unenforceable provision
as may be possible.


 


10.2         Non-survival
of Representations and Warranties. None of the representations, warranties, covenants or agreements in this Agreement or in any schedule,
instrument or other document delivered pursuant to this Agreement shall survive the Expiration Time. Notwithstanding the foregoing, this
Section 10.2 shall not limit any covenant or agreement contained in this Agreement that by its terms is to be performed in
whole or in part after the Acquisition Merger Effective Time or the termination of this Agreement.


 


10.3         Assignment.
No party hereto may assign, directly or indirectly, including by operation of Law, either this Agreement or any of its rights, interests
or obligations hereunder without the prior written approval of the other parties hereto, except with respect to a Transfer completed in
accordance with Section 2.1. Subject to the first sentence of this Section 10.3, this Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. Any assignment in violation
of this Section 10.3 shall be void.


 


10.4         Amendments
and Modifications. This Agreement may be amended by the parties hereto at any time by execution of an instrument in writing signed
on behalf of each of the parties hereto.


 


10.5         Specific
Performance. The parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed in
accordance with the terms hereof, and, accordingly, that the parties shall be entitled to an injunction or injunctions to prevent breaches
of this Agreement or to enforce specifically the performance of the terms and provisions hereof in the Court of Chancery of the State
of Delaware, County of Newcastle, or, if that court does not have jurisdiction, any court of the United States located in the State of
Delaware without proof of actual damages or otherwise, in addition to any other remedy to which they are entitled at Law or in equity
as expressly permitted in this Agreement. Each of the parties hereby further waives (1) any defense in any action for specific performance
that a remedy at Law would be adequate and (2) any requirement under any Law to post security or a bond as a prerequisite to obtaining
equitable relief.


 






     10


     


    

 


10.6         Notices.
All notices, consents and other communications hereunder shall be in writing and shall be deemed given if delivered personally or by a
nationally recognized courier service guaranteeing overnight delivery, or sent via email to the parties hereto at the following addresses,
and such communications, to be valid, must be addressed as follows:


 


(i)            if
to SPAC or Merger Sub, to:


  


G Squared Ascend I Inc.

205 N Michigan Ave


Suite 3770


Chicago, IL 60601


Attention:
Ward Davis; Tom Hoban     

Email: ward@gsquared.com; tom@gsquared.com


 


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


 


Goodwin Procter LLP

620 Eighth Avenue

New York, NY 10018

Attention: Dan Espinoza, Ilan Nissan; Pavel Shaitanoff

Email: DEspinoza@goodwinlaw.com; INissan@goodwinlaw.com; PShaitanoff@goodwinlaw.com


 


(ii)            if
to the Company or Holdings, to:


 


Transfix, Inc.

498 7th Avenue


New York, NY 10018


Attention: Nicholas Smolansky, General Counsel

Email: nicksmolansky@transfix.io


 


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


 


Latham & Watkins LLP

555 Eleventh Street NW, Suite 1000

Washington, D.C. 20007

Attention: Paul F. Sheridan

Email: paul.sheridan@lw.com


 


Latham & Watkins LLP

1271 Avenue of the Americas

New York, NY 10020

Attention: Justin Hamill

Email: justin.hamill@lw.com


 


(iii)          if
to a Written Consent Party, to the address for notice set forth opposite such Written Consent Party’s name on Schedule A
hereto,


 


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


 


Latham & Watkins LLP

555 Eleventh Street NW, Suite 1000

Washington, D.C. 20007

Attention: Paul F. Sheridan

Email: paul.sheridan@lw.com


 






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Latham & Watkins LLP

1271 Avenue of the Americas

New York, NY 10020

Attention: Justin Hamill

Email: justin.hamill@lw.com


 


Unless otherwise specified herein, such notices
or other communications will be deemed given (a) on the date established by the sender as having been delivered personally; (b) one
Business Day after being sent by a nationally recognized overnight courier guaranteeing overnight delivery; (c) upon transmission,
if sent by email (provided no “bounceback” or notice of non-delivery is received); or (d) on the fifth Business
Day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid.


 


10.7         Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts
executed in and to be performed in that State. All legal actions and proceedings arising out of or relating to this Agreement shall be
heard and determined exclusively in any Delaware Chancery Court; provided, that if jurisdiction is not then available in the Delaware
Chancery Court, then any such legal Action may be brought in any federal court located in the State of Delaware or any other Delaware
state court. The parties hereto hereby (a) irrevocably submit to the exclusive jurisdiction of the aforesaid courts for themselves
and with respect to their respective properties for the purpose of any Action arising out of or relating to this Agreement brought by
any party hereto, and (b) agree not to commence any Action relating thereto except in the courts described above in Delaware, other
than Actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in Delaware as
described herein. Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process and
the parties further waive any argument that such service is insufficient. Each of the parties hereby irrevocably and unconditionally waives,
and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any Action arising out of or relating to this
Agreement or the transactions contemplated hereby, (a) any claim that it is not personally subject to the jurisdiction of the courts
in Delaware as described herein for any reason, (b) that it or its property is exempt or immune from jurisdiction of any such court
or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid
of execution of judgment, execution of judgment or otherwise) and (c) that (i) the Action in any such court is brought in an
inconvenient forum, (ii) the venue of such Action is improper or (iii) this Agreement, or the subject matter hereof, may not
be enforced in or by such courts.


 


10.8         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 litigation directly or indirectly arising out of, under or
in connection with this Agreement or the Transactions CONTEMPLATED HEREBY. Each of the parties hereto (a) certifies that no representative,
agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation,
seek to enforce that foregoing waiver and (b) acknowledges that it and the otherS hereto have been induced to enter into this Agreement
and the Transactions CONTEMPLATED HEREBY, as applicable, by, among other things, the mutual waivers and certifications in this Section 10.8.


 






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10.9         Entire
Agreement; Third-Party Beneficiaries. This Agreement constitutes the entire agreement among the parties hereto with respect to
the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, among the parties hereto with
respect to the subject matter hereof, and is not intended to confer upon any other Person other than the parties hereto any rights or
remedies.


 


10.10        Counterparts.
This Agreement and each other document executed in connection with the transactions contemplated hereby, and the consummation thereof,
may be executed in one or more counterparts, all of which shall be considered one and the same document and shall become effective when
one or more counterparts have been signed by each of the parties hereto and delivered to the other parties hereto, it being understood
that all parties hereto need not sign the same counterpart. Delivery by electronic transmission to counsel for the other party of a counterpart
executed by a party shall be deemed to meet the requirements of the previous sentence.


 


10.11       Effect
of Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning
or interpretation of this Agreement.


 


10.12       Legal
Representation. Each of the parties hereto agrees that it has been represented by independent counsel of its choice during the negotiation
and execution of this Agreement and each party hereto and its counsel cooperated in the drafting and preparation of this Agreement and
the documents referred to herein and, therefore, waive the application of any Law, regulation, holding or rule of construction providing
that ambiguities in an agreement or other document will be construed against the party hereto drafting such agreement or document. Each
Written Consent Party acknowledges that Latham & Watkins LLP is acting as counsel to the Company in connection with the Business
Combination Agreement and the Transactions, and that such firm is not acting as counsel to any Written Consent Party.


 


10.13       Expenses.
Except as otherwise set forth in this Agreement, all fees and expenses incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party hereto incurring such expenses.


 


10.14      Further
Assurances. At the request of SPAC or the Company, in the case of any Written Consent Party, or at the reasonable request of the Written
Consent Parties, in the case of SPAC or the Company, and without further consideration, each party shall execute and deliver or cause
to be executed and delivered such additional documents and instruments and take such further action as may be reasonably necessary to
consummate the transactions contemplated by this Agreement.


 






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10.15       Waiver.
No failure or delay on the part of either party to exercise any power, right, privilege or remedy under this Agreement shall operate as
a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall
preclude any other or further exercise thereof or of any other power, right, privilege or remedy. Neither party shall be deemed to have
waived any claim available to such party arising out of this Agreement, or any power, right, privilege or remedy under this Agreement,
unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered
on behalf of such waiving party; and any such waiver shall not be applicable or have any effect except in the specific instance in which
it is given.


 


10.16       Several
Liability. The liability of any Written Consent Party hereunder is several (and not joint). Notwithstanding any other provision of
this Agreement, in no event will any Written Consent Party be liable for any other Written Consent Party’s breach of such other
Written Consent Party’s representations, warranties, covenants, or agreements contained in this Agreement.


 


10.17       No
Recourse. Notwithstanding anything to the contrary contained herein or otherwise,
but without limiting any provision in the Business Combination Agreement, this Agreement may only be enforced against, and any claims
or causes of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of
this Agreement or the transactions contemplated hereby, may only be made against the entities and Persons that are expressly identified
as parties to this Agreement in their capacities as such and no former, current or future stockholders, equity holders, controlling persons,
directors, officers, employees, general or limited partners, members, managers, agents or affiliates of any party hereto, or any former,
current or future direct or indirect stockholder, equity holder, controlling person, director, officer, employee, general or limited partner,
member, manager, agent or affiliate of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability
for any obligations or liabilities of the parties to this Agreement or for any claim (whether in tort, contract or otherwise) based on,
in respect of, or by reason of, the transactions contemplated hereby or in respect of any oral representations made or alleged to be made
in connection herewith. Without limiting the rights of any party against the other parties hereto, in no event shall any party or any
of its affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement against, or seek to recover monetary
damages from, any Non-Recourse Party.


 


[Signature pages follow.]


 




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In witness whereof, the parties
hereto have caused this Agreement to be executed as of the date first set forth above.


 


	 	G SQUARED ASCEND I INC.
	 	 
	 	By:	/s/ Ward Davis
	 	Name:	Ward Davis
	 	Title:	Chief Executive Officer
	 	 
	 	TRANSFIX, INC.
	 	 
	 	By:	/s/ Lily Shen
	 	Name:	Lily Shen
	 	Title:	Chief Executive Officer



 


Signature
Page to


Stockholder
Support Agreement


 





     


     


    

 


In witness whereof, the parties hereto have caused
this Agreement to be executed as of the date first set forth above.


 


	 	WRITTEN CONSENT PARTIES:
	 	 
	 	NEW ENTERPRISE ASSOCIATES 15, L.P.
	 	 
	 	By:     	NEA Partners 15, L.P., its general partner
	 	 
	 	By:     	NEA 15 GP, LLC, its general partner



 


 


		By:	/s/ Louis Citron






		Name:	Louis Citron






		Title:	Chief Administrative Officer



 


 


	 	NEW VENTURE 2016, LIMITED PARTNERSHIP



 


 


		By:	/s/ Louis Citron






		Name:	Louis Citron






		Title:	Chief Administrative Officer



 


Signature
Page to


Stockholder
Support Agreement


 





     


     


    

 


In witness whereof, the parties hereto have caused
this Agreement to be executed as of the date first set forth above.


 


	 	WRITTEN CONSENT PARTIES:
	 	 
		CANVAS VENTURE FUND, L.P.



 


	 	By:	Morgenthaler
Technology Members, LLC, its General Partner
	 	 	 
	 	 	 
		By:	/s/ Travis Boettner






		Name:	Travis Boettner






		Title:	Chief Financial Officer



 





Signature
Page to


Stockholder
Support Agreement



 




     


     


    

 


In witness whereof, the parties hereto have caused
this Agreement to be executed as of the date first set forth above.


  


	 	WRITTEN CONSENT PARTIES:
	 	 
	 	 
	 	/s/ Andrew McElroy
	 	Andrew McElroy
	 	 


  


Signature
Page to


Stockholder
Support Agreement



 




     


     


    

 


In witness whereof, the parties hereto have caused
this Agreement to be executed as of the date first set forth above.





 


 





	 	WRITTEN CONSENT PARTIES:
	 	 
	 	 
	 	/s/ Jonathan Salama
	 	Jonathan Salama






 


Signature
Page to


Stockholder
Support Agreement



 




     


     


    

 


In witness whereof, the parties hereto have caused
this Agreement to be executed as of the date first set forth above.


 


	 	WRITTEN CONSENT PARTIES:
	 	 
	 	SALAMA TRUST #1
	 	 
	 	 
	 	By:	/s/ Roger W. Plate
	 	Name:	Roger W. Plate
	 	Title:	Trustee
	 	 
	 	 
	 	SALAMA TRUST #2
	 	 
	 	 
	 	By:	/s/ Roger W. Plate
	 	Name:	Roger W. Plate
	 	Title:	Trustee
	 	 
	 	 
	 	SALAMA TRUST #3
	 	 
	 	 
	 	By:	/s/ Roger W. Plate
	 	Name:	Roger W. Plate
	 	Title:	Trustee


 


Signature
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Stockholder
Support Agreement



 




     


     


    

 


Schedule A


 


	Written Consent

 Party	 	Address for Notice	 	Shares of

 Company

 Common

 Stock	 	 	Shares of

 Company

 Series A

 Preferred

 Stock	 	 	Shares of

 Company

 Series B

 Preferred

 Stock	 	 	Shares of

 Company

 Series C

 Preferred

 Stock	 	 	Shares of

 Company

 Series D

 Preferred

 Stock	 	 	Shares of

 Company

 Series E

 Preferred

 Stock	 	 	Shares of

 Company

 Series Seed

 Preferred

 Stock	 	 	Company

 Series D

 Warrants	 	 	Company

 Options	 	 	Company

 RSU

 Awards	 
	NEA Enterprise Associates 15, L.P.	 	1954 Greenspring Drive, Suite 600 Timonium, MD 21093	 	 	 	 	 	 	 	 	 	 	12,699,220	 	 	 	8,634,203	 	 	 	953,588	 	 	 	1,427,225	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	NEA Ventures 2016, Limited Partnership	 	1954 Greenspring Drive, Suite 600 Timonium, MD 21093	 	 	 	 	 	 	 	 	 	 	16,954	 	 	 	10,085	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Canvas Venture Fund, L.P.	 	3200 Alpine Road Portola Valley, CA 94028	 	 	 	 	 	 	10,411,244	 	 	 	4,269,030	 	 	 	576,286	 	 	 	23,839	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Andrew McElroy	 	498 7th Avenue
 New York, NY 10018	 	 	3,381,807	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	3,596,268	 	 	 	 	 
	Jonathan Salama	 	498 7th Avenue
 New York, NY 10018	 	 	1,069,307	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	3,596,268	 	 	 	 	 
	Salama Trust #1	 	498 7th Avenue
 New York, NY 10018	 	 	562,500	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Salama Trust #2	 	498 7th Avenue
 New York, NY 10018	 	 	875,000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Salama Trust #3	 	498 7th Avenue
 New York, NY 10018	 	 	875,000