Document:

Exhibit 10.1

 

FORM
OF

NON-REDEMPTION
AGREEMENT AND ASSIGNMENT OF ECONOMIC INTEREST

 

This
Non-Redemption Agreement and Assignment of Economic Interest (this “Agreement”) is entered as of              , 2022 by and among
OmniLit Acquisition Corp. (“OLIT”), OmniLit Sponsor, LLC (the “Sponsor”) and the undersigned investor
(“Investor”).

 

RECITALS

 

WHEREAS,
the Sponsor currently holds all of the shares of Class B common stock, par value $0.0001 per share (the “Founder Shares”),
of OLIT;

 

WHEREAS,
OLIT expects to hold a special meeting of stockholders (the “Meeting”) for the purpose of approving, among other things,
an amendment to OLIT’s Amended and Restated Certificate of Incorporation (the “Charter”) to extend the date
by which OLIT must consummate an initial business combination (the “Initial Business Combination”) by nine
(9) months (the “Extension”);

 

WHEREAS,
the Charter provides that a stockholder of OLIT may redeem its shares of Class A common stock, par value $0.0001 per share (the “Public
Shares” and together with the Founder Shares, the “Common Shares”) in connection with the Charter amendment,
on the terms set forth in the Charter (“Redemption Rights”);

 

WHEREAS,
subject to the terms and conditions of this Agreement, the Sponsor desires to transfer to Investor, and Investor desires to acquire from
the Sponsor, that number of Founder Shares set forth opposite such Investor’s name on Exhibit A (the “Assigned
Securities”), to be transferred to Investor in connection with OLIT’s completion of its Initial Business Combination,
and, prior to the transfer of the Assigned Securities to Investor, the Sponsor desires to assign the economic benefits of the Assigned
Securities to Investor.

 

NOW
THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Investor and the Sponsor hereby agree as follows:

 

	1.	Terms
    of Transfer.

 

	 	1.1.	Upon
    the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 5:00 PM, New York time, on the date
    of the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor does not exercise its Redemption Rights with
    respect to such Investor Shares in connection with the Meeting, and (c) the Extension is approved at the Meeting and is effected
    by OLIT’s filing with the Secretary of State of the State of Delaware of a Certificate of Amendment to the Charter, then the
    Sponsor hereby agrees to assign to Investor for no additional consideration the Assigned Securities set forth on Exhibit A, and the
    Sponsor agrees to assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities that the Sponsor
    has agreed to assign to Investor. “Investor Shares” shall mean a minimum of 60,000 Public Shares and less than 9.9% of
    the Public Shares subject to non-redemption agreements with other OLIT stockholders similar to this Agreement as of December , 2022.
    The Sponsor and OLIT will assign to the Investor 1 Founder Share for every 2.3 Investor Shares non-redeemed, (rounded down, with
    no fractional Founder Shares to be assigned), subject to this Agreement and set forth on Exhibit A. The Sponsor and OLIT agree
    to provide Investor with the final number of Investor Shares subject to this Agreement no later than 9:00 a.m. Eastern on December
    , 2022.

 

	 	1.2.	The
    Sponsor and Investor hereby agree that the assignment of the Assigned Securities shall be subject to the conditions that (i) the
    Initial Business Combination is consummated; and (ii) Investor (or its Permitted Transferees (as such term is defined in the Amended
    and Restated Limited Liability Company Agreement of the Sponsor (as it exists on the date hereof, the “Sponsor LLC Agreement”)
    executes a joinder to that certain Letter Agreement, dated November 8, 2021 (as it exists on the date hereof, the “Letter
    Agreement”), by and among the Company, the Sponsor, officers and directors of the Company, and the other stockholders of
    the Company signatory thereto, as described in Section 1.8 hereof.

 

    	 

     

    

 

Upon
the satisfaction of the foregoing conditions, as applicable, the Sponsor shall promptly transfer the Assigned Securities to Investor
(or its Permitted Transferees). The Sponsor covenants and agrees to facilitate such transfer to Investor (or its Permitted Transferees)
in accordance with the foregoing.

 

	 	1.3.	Adjustment
    to Share Amounts. If at any time the number of outstanding Founder Shares is increased or decreased by a consolidation, combination,
    split or reclassification of the common stock of OLIT or other similar event (other than the conversion of Founder Shares to shares
    of Class A common stock following an Initial Business Combination in accordance with OLIT’s Charter), then, as of the effective
    date of such consolidation, combination, split, reclassification or similar event, all share numbers referenced in this Agreement
    shall be adjusted in proportion to such increase or decrease in outstanding common stock of OLIT.

 

	 	1.4.	Merger
    or Reorganization, etc. If there shall occur any reorganization, recapitalization, reclassification, consolidation or merger
    involving OLIT in which its common stock is converted into or exchanged for securities, cash or other property, then, following any
    such reorganization, recapitalization, reclassification, consolidation or merger, in lieu of common shares of OLIT, the Sponsor shall
    transfer, with respect to each Founder Share to be transferred hereunder, upon the Sponsor’s receipt thereof, the kind and
    amount of securities, cash or other property into which such Assigned Securities converted or exchanged.

 

	 	1.5.	Forfeitures,
    Transfers, etc. Investor shall not be required to forfeit or transfer the Assigned Securities. Investor acknowledges that, pursuant
    to the Sponsor LLC Agreement, prior to, or at the time of, the Initial Business Combination, the Managers of the Sponsor have the
    authority to cause the Sponsor to subject the Founder Shares to earn-outs, forfeitures, transfers or other restrictions, or amend
    the terms under which the Founder Shares were issued or any restrictions or other provisions relating to the Founder Shares set forth
    in the instruments establishing the same (including voting in favor of any such amendment) or enter into any other arrangements with
    respect to the Founder Shares, and that the Managers are authorized to effectuate such earn-outs, forfeitures, transfers, restrictions,
    amendments or arrangements, including arrangements relating to the relaxation or early release of restrictions, in such amounts and
    pursuant to such terms as they determine in their sole and absolute discretion for any reason. Sponsor acknowledges and agrees that
    any such earn-outs, forfeitures, transfers, restrictions, amendments or arrangements shall apply only to the Founder Shares other
    than the Assigned Securities and the terms and conditions applicable to the Assigned Securities shall not be changed as a result
    of any such earn-outs, forfeitures, transfers, restrictions, amendments or arrangements.

 

	 	1.6.	Delivery
    of Shares; Other Documents. At the time of the transfer of Assigned Securities hereunder, the Sponsor shall deliver the Assigned
    Securities to Investor by transfer of book-entry shares effected through OLIT’s transfer agent. The parties to this
    Agreement agree to execute, acknowledge and deliver such further instruments and to do all such other acts, as may be necessary or
    appropriate to carry out the purposes and intent of this Agreement.

 

	 	1.7.	Assignment
    of Registration Rights. Concurrent with the transfer of Assigned Securities to Investor under this Agreement, the Sponsor hereby
    assigns all of its rights, duties and obligations to Investor with respect to the Assigned Securities under that certain Registration
    Rights Agreement, dated November 8, 2021 (as it exists on the date of the Agreement, the “Registration Rights Agreement”),
    by and among the Company, the Sponsor, and the other stockholders of the Company signatory thereto, and hereby represents and confirms
    to Investor that, upon Investor’s receipt of the Assigned Securities, (i) Investor shall be a “Holder” under the
    Registration Rights Agreement and (ii) the Assigned Securities shall be “Registrable Securities” under the Registration
    Rights Agreement. The Sponsor shall provide written notice to OLIT of such assignment in accordance with the Registration Rights
    Agreement. Investor shall provide to OLIT a written agreement in accordance with the Registration Rights Agreement agreeing to be
    bound by the terms and provisions of the Registration Rights Agreement as a “Holder” thereunder with respect to the Assigned
    Securities (upon acquisition thereof) as “Registrable Securities” thereunder.

 

    	 

     

    

 

	 	1.8.	Joinder
    to Letter Agreement. In connection with the transfer of the Assigned Securities to Investor, Investor shall execute a joinder
    to the Letter Agreement in substantially the form attached here to as Exhibit B (the “Joinder”) pursuant
    to which Investor shall agree with OLIT to be bound solely by Section 7 of the Letter Agreement solely with respect to the Assigned
    Securities.

 

	 	1.9.	Termination.
    This Agreement and each of the obligations of the undersigned shall terminate on earlier of (a) the failure of OLIT’s
    stockholders to approve the Extension at the Meeting, or the determination of OLIT not to proceed to effect the Extension, (b) the
    fulfillment of all obligations of parties hereto, (c) the liquidation or dissolution of OLIT, (d) the mutual written agreement of
    the parties hereto, or (e) December 15, 2023.

 

	2.	Assignment
    of Economic Interest.

 

	 	2.1.	Upon
    satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title
    and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”),
    subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends
    and other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities
    set forth on Exhibit A represented by the Founder Shares held directly by the Sponsor.

 

	 	2.2.	If
    at any time the number of outstanding shares of common stock of OLIT is increased or decreased by a consolidation, combination, split
    or reclassification or other similar event (other than the conversion of Founder Shares to shares of Class A common stock following
    an Initial Business Combination), then, as of the effective date of such consolidation, combination, split, reclassification or similar
    event, the number of shares underlying the Economic Interest shall be adjusted in proportion to such increase or decrease in outstanding
    shares of common stock.

 

	 	2.3.	Investor
    acknowledges and agrees that it is not a member of the Sponsor, it has no right to vote on matters of the Sponsor or to vote with
    respect to any Assigned Securities, and it has no right to vote Founder Shares prior to transfer of any such shares to Investor pursuant
    to this Agreement.

 

	 	2.4.	Investor
    acknowledges and agrees that if it has a right pursuant to its Economic Interest to receive any dividends or other distributions
    paid in shares of common stock or other non-cash property that is subject to the transfer restrictions and/or the lockup period set
    forth in Section 6 of the Letter Agreement, the Sponsor shall transfer all of its right, title and interest in such dividends
    or distributions concurrently with the transfer of the Assigned Securities to such Investor pursuant to Section 1.

 

	 	2.5.	If
    the conditions to the transfer of the Founder Shares in Section 1 are not satisfied with respect to any Founder Shares, then Investor
    shall automatically assign its Economic Interests in such Founder Shares back to the Sponsor, for no consideration.

 

	3.	Representations
    and Warranties of Investor. Investor represents and warrants to, and agrees with, the Sponsor that:

 

	 	3.1.	No
    Government Recommendation or Approval. Investor understands that no federal or state agency has passed upon or made any recommendation
    or endorsement of the offering of the Assigned Securities.

 

	 	3.2.	Accredited
    Investor. Investor is an “accredited investor” as such term is defined in Rule 501(a) of Regulation D under the Securities
    Act of 1933, as amended (the “Securities Act”), and acknowledges that the sale contemplated hereby is being made
    in reliance, among other things, on a private placement exemption to “accredited investors” under the Securities Act
    and similar exemptions under state law.

 

	 	3.3.	Intent.
    Investor is acquiring the Assigned Securities solely for investment purposes, for such Investor’s own account (and/or for the
    account or benefit of its members or affiliates, as permitted), and not with a view to the distribution thereof in violation of the
    Securities Act and Investor has no present arrangement to sell Assigned Securities to or through any person or entity except as may
    be permitted hereunder. 

 

    	 

     

    

 

	 	3.4.	Restrictions
    on Transfer; Trust Account; Redemption Rights. 

 

	 	3.4.1.	Investor
    acknowledges and agrees that, prior to their transfer hereunder, the Assigned Securities are, and following any transfer to Investor
    may continue to be, subject to the Transfer Restrictions and certain other restrictions as set forth in the Letter Agreement.

 

	 	3.4.2.	Investor
    acknowledges and agrees that the Assigned Securities are not entitled to, and have no right, interest or claim of any kind in or
    to, any monies held in the trust account into which the proceeds of OLIT’s initial public offering were deposited (the “Trust
    Account”) or distributed as a result of any liquidation of the Trust Account.

 

	 	3.4.3.	Investor
    waives any right that it may have to elect to have OLIT redeem any Investor Shares and agrees not to redeem or otherwise exercise
    any right to redeem, the Investor Shares and to reverse and revoke any prior redemption elections made with respect to the Investor
    Shares in connection with the Extension. For the avoidance of doubt, nothing in this Agreement is intended to restrict or prohibit
    Investor’s ability to redeem any Public Shares other than the Investor Shares, or to trade or redeem any Public Shares (other
    than the Investor Shares) in its discretion and at any time or any Investor Shares in its discretion and at any time after December
    21, 2022.

 

	 	3.4.4.	Investor
    acknowledges and understands the Assigned Securities are being offered in a transaction not involving a public offering in the United
    States within the meaning of the Securities Act and have not been registered under the Securities Act and, if in the future Investor
    decides to offer, resell, pledge or otherwise transfer Assigned Securities, such Assigned Securities may be offered, resold, pledged
    or otherwise transferred only (A) pursuant to an effective registration statement filed under the Securities Act, (B) pursuant to
    an exemption from registration under Rule 144 promulgated under the Securities Act, if available, or (C) pursuant to any other available
    exemption from the registration requirements of the Securities Act, and in each case in accordance with any applicable securities
    laws of any state or any other jurisdiction. Investor agrees that, if any transfer of the Assigned Securities or any interest therein
    is proposed to be made, as a condition precedent to any such transfer, Investor may be required to deliver to OLIT an opinion of
    counsel satisfactory to OLIT that registration is not required with respect to the Assigned Securities to be transferred. Absent
    registration or another available exemption from registration, Investor agrees it will not transfer the Assigned Securities. 

 

	 	3.5.	Voting.
    Investor agrees that it will and will cause its controlled affiliates to vote (or cause to be voted) or execute and deliver a written
    consent (or cause a written consent to be executed and delivered) all of OLIT Common Shares owned, as of the applicable record date,
    by any of them at the Meeting in favor of the Extension and cause all such shares to be counted as present at the Meeting for purposes
    of establishing a quorum.

 

	 	3.6.	Sophisticated
    Investor. Investor is sophisticated in financial matters and able to evaluate the risks and benefits of the investment in the
    Assigned Securities.

 

	 	3.7.	Risk
    of Loss. Investor is aware that an investment in the Assigned Securities is highly speculative and subject to substantial risks.
    Investor is cognizant of and understands the risks related to the acquisition of the Assigned Securities, including those restrictions
    described or provided for in this Agreement, the Sponsor LLC Agreement and the Letter Agreement pertaining to transferability. Investor
    is able to bear the economic risk of its investment in the Assigned Securities for an indefinite period of time and able to sustain
    a complete loss of such investment.

 

	 	3.8.	Independent
    Investigation. Investor has relied upon an independent investigation of OLIT and has not relied upon any information or representations
    made by any third parties or upon any oral or written representations or assurances, express or implied, from the Sponsor or any
    representatives or agents of the Sponsor, other than as set forth in this Agreement. Investor is familiar with the business, operations
    and financial condition of OLIT and has had an opportunity to ask questions of, and receive answers from OLIT’s management
    concerning OLIT and the terms and conditions of the proposed sale of the Assigned Securities and has had full access to such other
    information concerning OLIT as Investor has requested. Investor confirms that all documents that it has requested have been made
    available and that Investor has been supplied with all of the additional information concerning this investment which Investor has
    requested.

 

    	 

     

    

 

	 	3.9.	Organization
    and Authority. If any entity, Investor is duly organized and existing under the laws of the jurisdiction in which it was organized
    and it possesses all requisite power and authority to acquire the Assigned Securities, enter into this Agreement and perform all
    the obligations required to be performed by Investor hereunder.

 

	 	3.10.	Non-U.S.
    Investor. If Investor is not a United States person (as defined by Section 7701(a)(30) of the U.S. Internal Revenue Code of 1986,
    as amended, and the regulations promulgated thereunder (collectively, the “Code”)), Investor hereby represents
    that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe
    for the Assigned Securities or any use of this Agreement, including (i) the legal requirements within its jurisdiction for the acquisition
    of the Assigned Securities, (ii) any foreign exchange restrictions applicable to such acquisition, (iii) any governmental or other
    consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the acquisition,
    holding, redemption, sale, or transfer of the Assigned Securities. Investor’s subscription and payment for and continued beneficial
    ownership of the Assigned Securities will not violate any applicable securities or other laws of Investor’s jurisdiction.

 

	 	3.11.	Authority.
    This Agreement has been validly authorized, executed and delivered by Investor and is a valid and binding agreement enforceable in
    accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance,
    moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies
    or by equitable principles of general application and except as enforcement of rights to indemnity and contribution may be limited
    by federal and state securities laws or principles of public policy.

 

	 	3.12.	No
    Conflicts. The execution, delivery and performance of this Agreement and the consummation by Investor of the transactions contemplated
    hereby do not violate, conflict with or constitute a default under (i) Investor’s organizational documents, (ii) any agreement
    or instrument to which Investor is a party or (iii) any law, statute, rule or regulation to which Investor is subject, or any order,
    judgment or decree to which Investor is subject, in the case of clauses (ii) and (iii), that would reasonably be expected to prevent
    Investor from fulfilling its obligations under this Agreement.

 

	 	3.13.	No
    Advice from Sponsor. Investor has had the opportunity to review this Agreement and the transactions contemplated by this Agreement,
    the Sponsor LLC Agreement and the form of Letter Agreement with Investor’s own legal counsel and investment and tax advisors.
    Except for any statements or representations of the Sponsor explicitly made in this Agreement, Investor is relying solely on such
    counsel and advisors and not on any statements or representations, express or implied, of the Sponsor or any of its representatives
    or agents for any reason whatsoever, including without limitation for legal, tax or investment advice, with respect to this investment,
    the Sponsor, OLIT, the Assigned Securities, the transactions contemplated by this Agreement or the securities laws of any jurisdiction.

 

	 	3.14.	Reliance
    on Representations and Warranties. Investor understands that the Assigned Securities are being offered and sold to Investor in
    reliance on exemptions from the registration requirements under the Securities Act, and analogous provisions in the laws and regulations
    of various states, and that the Sponsor is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments
    and understandings of Investor set forth in this Agreement in order to determine the applicability of such provisions.

 

    	 

     

    

 

	 	3.15.	No
    General Solicitation. Investor is not subscribing for Assigned Securities as a result of or subsequent to any general solicitation
    or general advertising, including but not limited to any advertisement, article, notice or other communication published in any newspaper,
    magazine, or similar media or broadcast over television or radio or any seminar or meeting whose attendees have been invited by any
    general solicitation or general advertising.

 

	 	3.16.	Brokers.
    No broker, finder or intermediary has been paid or is entitled to a fee or commission from or by Investor in connection with the
    acquisition of the Assigned Securities nor is Investor entitled to or will accept any such fee or commission.

 

	4.	Representations
    and Warranties of Sponsor. The Sponsor represents and warrants to, and agrees with, the Investor that:

 

	 	4.1.	Power
    and Authority. The Sponsor is a limited liability company duly formed and validly existing and in good standing as a limited
    liability company under the laws of the State of Delaware and possesses all requisite limited liability company power and authority
    to enter into this Agreement and to perform all of the obligations required to be performed by the Sponsor hereunder, including the
    assignment, sale and transfer the Assigned Securities.

 

	 	4.2.	Authority.
    All corporate action on the part of the Sponsor and its officers, directors and members necessary for the authorization, execution
    and delivery of this Agreement and the performance of all obligations of the Sponsor required pursuant hereto has been taken. This
    Agreement has been duly executed and delivered by the Sponsor and (assuming due authorization, execution and delivery by Investor)
    constitutes the Sponsor’s legal, valid and binding obligation, enforceable against the Sponsor in accordance with its terms,
    except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization,
    or similar laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by equitable principles
    of general application and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities
    laws or principles of public policy.

 

	 	4.3.	Title
    to Securities. The Sponsor is the record and beneficial owner of, and has good and marketable title to, the Assigned Securities
    and will, immediately prior to the transfer of the Assigned Securities to Investor, be the record and beneficial owner of the Assigned
    Securities, in each case, free and clear of all liens, pledges, security interests, charges, claims, encumbrances, agreements, options,
    voting trusts, proxies and other arrangements or restrictions of any kind (other than transfer restrictions and other terms and conditions
    that apply to the Founder Shares generally and applicable securities laws). The Assigned Securities to be transferred, when transferred
    to Investor as provided herein, will be free and clear of all liens, pledges, security interests, charges, claims, encumbrances,
    agreements, options, voting trusts, proxies and other arrangements or restrictions of any kind (other than transfer restrictions
    and other terms and conditions that apply to the Founder Shares generally and applicable securities laws).

 

	 	4.4.	No
    Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Sponsor of the transactions
    contemplated hereby do not violate, conflict with or constitute a default under (i) the certificate of formation or the Sponsor LLC
    Agreement, (ii) any agreement or instrument to which the Sponsor is a party or by which it is bound (including the Letter Agreement
    and the Sponsor LLC Agreement) or (iii) any law, statute, rule or regulation to which the Sponsor is subject or any order, judgment
    or decree to which the Sponsor is subject. The Sponsor is not required under federal, state or local law, rule or regulation to obtain
    any consent, authorization or order of, or make any filing or registration with, any court or governmental agency or self-regulatory
    entity in order for it to perform any of its obligations under this Agreement or transfer the Assigned Securities in accordance with
    the terms hereof.

 

	 	4.5.	No
    General Solicitation. The Sponsor has not offered the Assigned Securities by means of any general solicitation or general advertising
    within the meaning of Regulation D of the Securities Act, including but not limited to any advertisement, article, notice or other
    communication published in any newspaper, magazine, or similar media or broadcast over television or radio or any seminar or meeting
    whose attendees have been invited by any general solicitation or general advertising.

 

    	 

     

    

 

	 	4.6.	Brokers.
    No broker, finder or intermediary has been paid or is entitled to a fee or commission from or by the Sponsor in connection with the
    sale of the Assigned Securities nor is the Sponsor entitled to or will accept any such fee or commission.

 

	 	4.7.	Transfer
    Restrictions. Until termination of this Agreement, the Sponsor shall not transfer any of its Restricted Units and Founder Shares
    representing the economic benefit of the Assigned Securities other than any transfer pursuant to the Sponsor LLC Agreement in connection
    with an Initial Business Combination.

 

	 	4.8.	Reliance
    on Representations and Warranties. The Sponsor understands and acknowledges that Investor is relying upon the truth and accuracy
    of the representations, warranties, agreements, acknowledgments and understandings of the Sponsor set forth in this Agreement.

 

	5.	Trust
    Account. Until the earlier of (a) the consummation of OLIT’s initial business combination; (b) the liquidation of
    the Trust Account; and (c) 24 months from consummation of OLIT’s initial public offering, OLIT will maintain
    the investment of funds held in the Trust Account in interest-bearing United States government securities within the meaning of Section
    2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or less, or in money market funds meeting
    the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment Company Act of 1940,
    as amended, which invest only in direct U.S. government treasury obligations. OLIT further confirms that it will not utilize any
    funds from its Trust Account to pay any potential excise taxes that may become due upon a redemption of the Public Shares, including
    in connection with a liquidation of OLIT if it does not effect a business combination prior to its termination date.

 

	6.	Governing
    Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by and construed and enforced in accordance with the
    laws of the State of New York, without giving effect to its principles or rules of conflict of laws to the extent such principles
    or rules would require or permit the application of the laws of another jurisdiction. The parties hereto hereby waive any right to
    a jury trial in connection with any litigation pursuant to this Agreement and the transactions contemplated hereby. With respect
    to any suit, action or proceeding relating to the transactions contemplated hereby, the undersigned irrevocably submit to the jurisdiction
    of the United States District Court or, if such court does not have jurisdiction, the New York state courts located in the Borough
    of Manhattan, State of New York, which submission shall be exclusive.

 

	7.	Assignment;
    Entire Agreement; Amendment.

 

	 	7.1.	Assignment.
    Any assignment of this Agreement or any right, remedy, obligation or liability arising hereunder by either the Sponsor or Investor
    to any person that is not an affiliate of such party shall require the prior written consent of the other party.

 

	 	7.2.	Entire
    Agreement. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter thereof
    and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them.

 

	 	7.3.	Amendment.
    Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived, discharged or
    terminated other than by a written instrument signed by the party against whom enforcement of any such amendment, waiver, discharge
    or termination is sought.

 

	 	7.4.	Binding
    upon Successors. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective
    heirs, legal representatives, successors and permitted assigns. 

 

	8.	Notices.
    Unless otherwise provided herein, any notice or other communication to a party hereunder shall be sufficiently given if in writing
    and personally delivered or sent by facsimile or other electronic transmission with copy sent in another manner herein provided or
    sent by courier (which for all purposes of this Agreement shall include Federal Express or another recognized overnight courier)
    or mailed to said party by certified mail, return receipt requested, at its address provided for herein or such other address as
    either may designate for itself in such notice to the other. Communications shall be deemed to have been received when delivered
    personally, on the scheduled arrival date when sent by next day or 2nd-day courier service, or if sent by facsimile upon receipt
    of confirmation of transmittal or, if sent by mail, then three days after deposit in the mail. If given by electronic transmission,
    such notice shall be deemed to be delivered (a) if by electronic mail, when directed to an electronic mail address at which the party
    has provided to receive notice; and (b) if by any other form of electronic transmission, when directed to such party.

 

    	 

     

    

 

	9.	Counterparts.
    This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same
    agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being
    understood that both parties need not sign the same counterpart. Counterparts may be delivered via facsimile, electronic mail (including
    any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures
    and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall
    be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

	10.	Survival;
    Severability

 

	 	10.1.	Survival.
    The representations, warranties, covenants and agreements of the parties hereto shall survive the closing of the transactions contemplated
    hereby.

 

	 	10.2.	Severability.
    In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable
    or void, this Agreement shall continue in full force and effect without said provision; provided that no such severability shall
    be effective if it materially changes the economic benefit of this Agreement to any party.

 

	11.	Headings.
    The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
    this Agreement.

 

	12.	No
    Publicity; Disclosure. The Sponsor agrees that it will not, without the prior written consent of Investor, publicly disclose
    the name of Investor or any of its affiliates or investment advisors, other than as required by applicable law, rule or regulation,
    in which case Sponsor shall provide Investor with prior written notice of such disclosure. The Company shall, by 9:00 a.m., New York
    City time, on the first business day immediately following the date of this Agreement, issue one or more press releases or file with
    the United States Securities and Exchange Commission a Current Report on Form 8-K (collectively, the “Disclosure Document”)
    disclosing, to the extent not previously publicly disclosed, all material terms of the transactions contemplated hereby and any other
    material, nonpublic information that the Company has provided to Investor at any time prior to the filing of the Disclosure Document.
    The Disclosure Document shall also provide that until the earlier of (a) the consummation of OLIT’s initial business combination;
    (b) the liquidation of the Trust Account; and (c) 24 months from consummation of OLIT’s initial public offering, OLIT
    will maintain the investment of funds held in the Trust Account in interest-bearing United States government securities within the
    meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or less, or in money
    market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment
    Company Act of 1940, as amended, which invest only in direct U.S. government treasury obligations. Such Disclosure Document shall
    further provide that OLIT will not utilize any funds from its Trust Account to pay any potential excise taxes that may become
    due upon a redemption of the Public Shares, including in connection with a liquidation of OLIT if it does not effect a business combination
    prior to its termination date. Upon the issuance of the Disclosure Document, to the Company’s knowledge, Investor shall not
    be in possession of any material, nonpublic information received from the Company or any of its officers, directors or employees.

 

	13.	Independent
    Nature of Rights and Obligations. Nothing contained herein, and no action taken by any party pursuant hereto, shall be deemed
    to constitute Investor and the Sponsor as, and the Sponsor acknowledges that Investor and the Sponsor do not so constitute, a partnership,
    an association, a joint venture or any other kind of entity, or create a presumption that Investor and the Sponsor are in any way
    acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any matters,
    and the Sponsor acknowledges that Investor and the Sponsor are not acting in concert or as a group, and the Sponsor shall not assert
    any such claim, with respect to such obligations or the transactions contemplated by this Agreement.

 

	14.	Most
    Favored Nation. In the event the Sponsor enters one or more other non-redemption or forward share purchase agreements before
    or after the execution of this Agreement, the Sponsor represents that the terms of such other agreements are not materially more
    favorable to such other investors thereunder than the terms of this Agreement are in respect of the Investor. In the event that another
    investor is afforded any such more favorable terms than the Investor, the Sponsor shall promptly inform the Investor of such more
    favorable terms in writing, and the Investors shall have the right to elect to have such more favorable terms included herein, in
    which case the parties hereto shall promptly amend this Agreement to effect the same.

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.

 

	 	INVESTOR
	 	 	 
	 	By:	         
	 	Name:
    	 
	 	Title:	 

 

[Signature
Page to Non-Redemption Agreement]

 

    	 	 

    	 

    

 

	 	SPONSOR:
	 	 
	 	OMNILIT
    SPONSOR, LLC
	 	 	 
	 	By:	 
	 	Name:
    	Al
    Kapoor
	 	Title:
    	Manager
	 	 
	 	OLIT:
	 	 
	 	OMNILIT
    ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	Name:	Al
    Kapoor
	 	Title:
    	Chairman
    and Chief Executive Officer

 

[Signature
Page to Non-Redemption Agreement]

 

    	 

     

    

 

Exhibit
A

 

	Investor	 	Founder
    Shares to

    be Transferred /

    Economic Interest

    Assigned
	 

    Address:

     

    SSN/EIN:
	 	 

    [—]1

 

1
NTD: Equal to 1 Founder Share for every 2.3 Investor Shares.

 

    	 

     

    

 

 

EXHIBIT
B

 

FORM
OF JOINDER

 

TO

 

LETTER
AGREEMENT

 

AND

 

REGISTRATION
RIGHTS AGREEMENT

 

______,
20_

 

Reference
is made to that certain                      Agreement, dated as of                  , 2022 (the “Agreement”), by and between                  (“Investor”)
and OmniLit Sponsor, LLC (the “Sponsor”), pursuant to which Investor acquired securities of OmniLit Acquisition Corp.
(the “Company”) from the Sponsor. Capitalized terms used and not otherwise defined herein shall have the meanings
given to such terms in the Agreement.

 

By
executing this joinder, Investor hereby agrees, as of the date first set forth above, that Investor (i) shall become a party to that
certain Letter Agreement, dated November 8, 2021 (as it exists on the date of the Agreement, the “Letter Agreement”),
by and among the Company, the Sponsor, officers and directors of the Company, and the other stockholders of the Company signatory thereto,
solely with respect to Section 6 of the Letter Agreement, and shall be bound by, and entitled to the rights provided under, the
terms and provisions of such section of the Letter Agreement as an Insider (as defined therein) solely with respect to its Assigned Securities;
and (ii) shall become a party to that certain Registration Rights Agreement, dated November 8, 2021 (as it exists on the date of the
Agreement, the “Registration Rights Agreement”), by and among the Company, the Sponsor, and the other stockholders
of the Company signatory thereto, and shall be bound by the terms and provisions of the Registration Rights Agreement as a Holder (as
defined therein) and entitled to the rights of a Holder under the Registration Rights Agreement and the Assigned Securities (together
with any other equity security of the Company issued or issuable with respect to any such Assigned Securities by way of a stock dividend
or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization) shall be “Registrable
Securities” thereunder.

 

For
the purposes of clarity, it is expressly understood and agreed that each provision contained herein, in the Letter Agreement (to the
extent applicable to Investor) and the Registration Rights Agreement is between the Company and Investor, solely, and not between and
among Investor and the other stockholders of the Company signatory thereto.

 

This
joinder may be executed in two or more counterparts, and by facsimile, all of which shall be deemed an original and all of which together
shall constitute one instrument.

 

	 	INVESTOR
	 	 	 
	 	By:	           
	 	Name:
    	 
	 	Title:
    	 

 

	ACKNOWLEDGED
    AND AGREED:	 
	 	 
	OMNILIT
    ACQUISITION CORP.	 
	 	 	 
	By:	                     	 
	Name:
    	 	 
	Title:EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

SPONSOR SUPPORT AGREEMENT 

SPONSOR SUPPORT AGREEMENT, dated as of December 6, 2022 (this “Agreement”), by and among Golden Falcon Sponsor Group,
LLC, a Delaware limited liability company (“Sponsor”), Golden Falcon Acquisition Corp, a Delaware corporation (“GF”), and MNG Havayollari ve Tasimacilik A.S., a joint stock corporation organized under the laws of
Turkey (the “Company”), and Xavier Rolet, KBE, Dominique D’Hinnin, I. Martin Pompadur, Isabelle Amiel Azoulai, and Mikael Breuer-Weil (each an “Additional Founder Shares Holder” and, collectively, the
“Additional Founder Shares Holders” and together with Sponsor, the “Sponsor Persons”). 
 WHEREAS,
Sponsor, GF, Merlin Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of IntermediateCo (“Merger Sub”), Merlin IntermediateCo, LLC, a Delaware limited liability company and a direct, wholly-owned
subsidiary of HoldCo (as defined below) (“IntermediateCo”), Merlin HoldCo, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of the Company (“HoldCo”), Merlin FinCo, LLC, a Delaware
limited liability company and a direct, wholly-owned subsidiary of HoldCo (“FinCo”), and the Company propose to enter into, on the date hereof, a business combination agreement (the “BCA”) (capitalized terms used
but not defined in this Agreement shall have the meanings ascribed to them in the BCA), which provides, among other things, that, upon the terms and subject to the conditions thereof, Merger Sub will merge with and into GF (the
“Merger”) with GF continuing as the surviving company after the Merger, as a result of which, GF will become an indirect, wholly-owned subsidiary of the Company; 

WHEREAS, as of the date hereof, Sponsor owns beneficially and of record 8,445,000 GF Class B Common Shares (the “Sponsor Founder
Shares”) and 8,900,000 GF Private Placement Warrants, and the Additional Founder Shares Holders own beneficially and of record a total of 180,000 GF Class B Common Shares (“Additional Founder Shares”, together with the
Sponsor Founder Shares, the “Founder Shares” and, together with the GF Private Placement Warrants and any additional GF Shares owned, issued, acquired or purchased by the Sponsor Persons between the date of this agreement and the
Closing, the “Founder Securities”); 
 WHEREAS, at the Closing, pursuant to, and in accordance with, the GF Certificate of
Incorporation, GF shall convert, or shall cause Continental Stock Transfer & Trust Company to convert, each Founder Share issued and outstanding immediately prior to Closing to one (1) GF Class A Common Share, such that following
the such conversion, Sponsor will own beneficially and of record 8,445,000 GF Class A Common Shares (the “Sponsor Class A Shares”) and the Additional Founder Share Holders will own beneficially and of record
an aggregate of 180,000 GF Class A Common Shares (the “Additional Founder Class A Shares”); 

WHEREAS, at the Effective Time, each Sponsor Class A Share shall be converted automatically into, and the Sponsor shall be entitled to
receive, one Company ADS (and the Company Ordinary Share represented thereby) after giving effect to the Stock Split (and so converted, a “Sponsor Company ADS”) and each Additional Founder Class A Shares shall be converted
automatically into, and the holders of such Additional Founder Class A Shares shall be entitled to receive, one Company ADS (and the Company Ordinary Share represented thereby) after giving effect to the Stock Split (and so converted, an
“Additional Founder Company ADS” and each of the Sponsor Company ADSs together with each of the Additional Founder Company ADSs, the “Founder Company ADSs”); 

WHEREAS, the Founder Company ADSs will be subject to vesting on the terms and subject to the conditions set forth in this Agreement; and 

 WHEREAS, in order to induce GF and the Company to enter into the BCA, each Sponsor Person,
GF and the Company desires to enter into this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants
and agreements contained herein, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto hereby agree as follows: 

1. Voting Obligations. Until the earlier of (a) the Closing or (b) termination of the BCA in accordance with Article VIII
thereof, each Sponsor Person agrees that, at the GF Stockholder Meeting and in connection with any written consent or written resolutions of the GF Stockholders, each shall vote (or duly and promptly execute and deliver an action by written consent
or written resolutions), or cause to be voted at such meeting (or cause such consent or written resolutions to be duly and promptly executed and delivered with respect to), all of the Founder Securities entitled to vote thereon (i) in favor of
the approval and adoption of the BCA, the Transactions and the GF Transaction Proposals and (ii) against any action, agreement or transaction or proposal that would result in a breach of any covenant, representation or warranty or any other
obligation or agreement of GF under the BCA or that would reasonably be expected to result in the failure of the Transactions from being consummated. This Section 1 shall be void and of no force and effect if the BCA shall
be terminated in accordance with its terms or the Closing shall not occur for any reason. 
 2. Transfer of Securities. Until the
earlier of (i) the Closing or (ii) termination of the BCA in accordance with Article VIII thereof, each Sponsor Person agrees that it shall not, directly or indirectly, (A) sell, offer, contract or agree to sell, hypothecate, assign,
transfer (including by operation of law), place a lien on, grant any option to purchase, distribute, pledge, dispose of or otherwise encumber any of the Founder Securities or otherwise agree to do any of the foregoing (each, a
“Transfer”), file (or participate in the filing of) a registration statement with the SEC (other than the Registration Statement/Proxy Statement) or establish or increase a put equivalent position or liquidate or decrease a call
equivalent position with the meaning of Section 16 of the Exchange Act with respect to any of the Founder Securities, (B) deposit any Founder Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy
or power of attorney with respect thereto that is inconsistent with this Agreement, (C) enter into any contract, option or other arrangement or undertaking with respect to the direct or indirect acquisition or sale, assignment, transfer
(including by operation of law) or other disposition of any Founder Shares, (D) engage in any swap, hedging or other arrangement that is designed to, or which would (either alone or in connection with one or more developments or events
(including the satisfaction or waiver of any conditions precedent)), lead to or result in a sale, disposition or transfer to another Person, in whole or in part, of any of the economic consequences of any Founder Securities, (E) take any action
that would make any representation or warranty herein untrue or incorrect in any respect or have the effect of preventing or disabling any Sponsor Person from performing its obligations hereunder, except as affirmatively permitted by the BCA, or
(F) announce any intention to effect any transaction specified in clauses (A)-(E); provided, that the foregoing shall not apply to any Transfer (i) to such Sponsor Person’s officers or directors, any affiliates or family member
thereof or any of their affiliates; (ii) in the case of an individual, by gift to a member of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s immediate family, an
affiliate of such person or to a charitable organization; (iii) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified domestic
relations order; (v) by private sales or transfers made in connection with the transactions contemplated by the BCA, including the Potential Financing; (vi) pro rata to the direct or indirect partners, members or shareholders of such
Sponsor Person or any related investment funds or vehicles controlled or managed by such Sponsor Person or their respective affiliates in connection with the liquidation or dissolution thereof, and (vii) by virtue of the Sponsor Person’s
organizational documents upon liquidation or dissolution thereof; provided, further, that any transferee of any Transfer of the type set forth in clauses (i) through (vii) (collectively, “Permitted Transfers”)
must enter into a written 

  
 2 

 
agreement in form and substance reasonably satisfactory to the Company agreeing to be bound by this Agreement prior to the occurrence of such Transfer (a “Permitted Transferee”);
provided, further that any Permitted Transfer under this Section 2 shall not relieve the Sponsor Persons of their obligations under this Agreement. Any transfer or attempted transfer of Founder Securities in
violation of this Section 2 shall be, to the fullest permitted by applicable law, null and void ab initio. 
 3.
Vesting of Sponsor Company ADSs. 
 (a) The Sponsor Persons agree that, as of the Effective Time, all of their Founder Company ADSs
received shall be unvested and, from and after the Effective Time, shall be subject to the vesting provisions set forth in this Section 3. 

(b) The Sponsor Persons shall not, and shall cause any other holder of record of any of such unvested Founder Company ADSs (including any
Permitted Transferees) not to, Transfer (other than any Permitted Transfers) any of such unvested Founder Company ADSs prior to the time such unvested Founder Company ADSs become vested pursuant to subsection (c) or subsection (d) below.

 (c) At the Effective Time, all of the Initially Vested ADSs held by the Sponsor Persons (or any of their Permitted Transferees) as of
immediately prior to the Effective Time shall vest. “Initially Vested ADSs” means that number of Founder Company ADSs equal to the (i) total amount of Available Cash less $1,000,000 multiplied by (ii) Twenty-Six Percent (26%), with such product divided by $10.00. For the avoidance of doubt, if the Available Cash equals $30,000,000, the number of Initially Vested ADSs would be 754,000 Founder
Company ADS. 
 (d) All remaining Founder Company ADS held by the Sponsor Persons (or any of their Permitted Transferees) that are not
Initially Vested ADSs or otherwise vested pursuant to a Liquidity Event as described below (“Unvested ADSs”) shall be subject to vesting from time to time upon: 

(i) any Transfer by (A) Mapa Insaat ve Ticaret A.S., a joint stock company organized under the laws of Turkey and the majority
shareholder of the Company (“Mapa”), (B) any other direct or indirect shareholder of the Company, other equityholder of the Company or other beneficial owner of outstanding equity of the Company as of immediately prior to Closing or
(C) any of their respective affiliates, associates or family members (collectively, “Company Related Persons”), of any Company ADSs at a price per Company ADS equal to or greater than $10.00 per Company ADS (reflecting
appropriately the effect of any stock split, reverse stock split, stock dividend, reorganization, recapitalization, reclassification, combination, exchange of shares or other like change occurring on or after the date hereof); or 

(ii) any special dividends paid or otherwise distributed to any Company Related Person that are funded through any capital raise or other
financing by the Company or any of its affiliates (each of clauses (i) and (ii), a “Liquidity Event”); 
 in each case during the two
(2) years following the Closing (the “Vesting Period”). The Company shall provide the Sponsor Persons with prompt notice of the occurrence of any Liquidity Event. 

(e) The total number of Unvested ADSs that shall vest upon the first and each subsequent Liquidity Event that occurs during the Vesting Period
shall be equal to (i) the Vesting Percentage multiplied by (ii) an amount equal to (A) the gross proceeds to Company Related Person from any such Liquidity Event divided by (B) the per Company ADS price of Company
ADSs on the New York Stock Exchange as of 4:00pm ET on the Vesting Date. 
 (f) For purposes of this Section 3:

  
 3 

 “Vesting Date” means the date on which any Liquidity Event occurs. 

“Vesting Percentage” means the percentage determined according to the following formula: 

(The Company Value at Closing multiplied by 0.9583% multiplied by $10) minus (All Previously Vested ADSs multiplied
by $10) 
 $300,000,000 minus (Available Cash plus the gross proceeds to Mapa from all Previous Liquidity Events) 

(g) This Section 3 shall be void and of no force and effect if the BCA shall be terminated in accordance with its
terms or the Closing shall not occur for any reason. 
 4. Waiver of Redemption Rights. Each Sponsor Person hereby agrees not to
(a) demand that GF redeem the Founder Shares in connection with the Transactions or (b) otherwise participate in any such redemption by tendering or submitting any Founder Securities for redemption. This Section 4
shall be void and of no force and effect if the BCA shall be terminated in accordance with its terms or the Closing shall not occur for any reason. 

5. Waiver of Anti-Dilution Rights. Each Sponsor Person hereby waives the provisions of Section 4.3(b) set forth in the GF
Certificate of Incorporation relating to the adjustment of the Initial Conversion Ratio (as defined in the GF Certificate of Incorporation) in connection with the Transactions. This Section 5 shall be void and of no force
and effect if the BCA shall be terminated in accordance with its terms or the Closing shall not occur for any reason. 
 6. Letter
Agreement. Each Sponsor Person hereby acknowledges and agrees that the Founder Shares are subject to the transfer restrictions under that certain Letter Agreement, dated as of December 17, 2020, among GF, Sponsor and the other parties named
therein (the “Letter Agreement”) and, after the Closing, the Registration Rights and Lock-Up Agreement. 

7. Cash Exercise of GF Private Placement Warrants. After the Effective Time, Sponsor agrees that notwithstanding anything to the
contrary set forth in the agreement governing the exercise by Sponsor of any Company AD Warrants, for as long as Sponsor (or a Permitted Transferee of Sponsor) holds Company AD Warrants, any exercise by Sponsor (or a Permitted Transferee of Sponsor)
of such Company AD Warrants shall only be done on a cash (and not a cashless) basis. For the avoidance of doubt, this Section 7 shall not apply to the exercise of any Company AD Warrants after any Transfer of such Company
AD Warrants by Sponsor (or a Permitted Transferee of Sponsor) to a third party. 
 8. Support of Transaction. The Sponsor Persons
shall take, and shall cause their Affiliates to take, all reasonable actions and to do, or cause to be done, all things necessary, proper or advisable under applicable law to consummate the Transactions and the other transactions contemplated by the
BCA on the terms and subject to the conditions set forth therein, and not to commit or agree to take any action inconsistent with foregoing. Each Sponsor Person further agrees not to commence or participate in, and to take all actions necessary to
opt out of any class in any class action with respect to, any action or claim, derivative or otherwise, against GF, GF’s Affiliates, the Company or the Company’s Affiliates or any of their respective successors and assigns challenging the
transactions contemplated by this Agreement or the BCA. 
 9. Representations and Warranties. Each Sponsor Person hereby represents
and warrants to the Company as follows: 

  
 4 

 (a) The execution, delivery and performance of this Agreement by such Sponsor Person, as
applicable, and the consummation by each Sponsor Person, as applicable, of the transactions contemplated hereby do not and will not (i) conflict with or violate any law applicable to such Sponsor Person, as applicable, (ii) require any
consent, approval, authorization or permit of, declaration, filing or registration with, notice to, or expiration or termination of any waiting period by, any Government Entity or any other person, (iii) result in the creation of any
encumbrance on any of the Founder Securities held by such Sponsor Person, as applicable (other than under this Agreement, the BCA and the agreements contemplated by the BCA, including the other Transaction Agreements) or (iv) conflict with or
result in a breach of or constitute a default under any provision of Sponsor Person’s governing documents (as applicable). 
 (b) Each
Sponsor Person represents and warrants that such Sponsor Person holds the number of Founder Shares set forth opposite such Sponsor Person’s name on Exhibit A under the heading “Total Shares,” which shares collectively
constitute all of the issued and outstanding Founder Shares as of the date hereof. As of the date of this Agreement, each Sponsor Person, as applicable, owns exclusively and has good and valid title to the Founder Securities, free and clear of any
Lien, proxy, option, right of first refusal, agreement, voting restriction, limitation on disposition, charge, adverse claim of ownership or use or other encumbrance of any kind, other than pursuant to (i) this Agreement, (ii) applicable
securities laws, (iii) the GF Organizational Documents (iv) the Warrant Agreement between GF and Continental Stock Transfer & Trust Company, dated as of December 17, 2020 (the “Warrant Agreement”) and the
warrants issued pursuant thereto and (v) the Letter Agreement. 
 (c) Each Sponsor Person, as applicable, has the power, authority and
capacity to execute, deliver and perform this Agreement and this Agreement has been duly authorized, executed and delivered by such Sponsor Person, as applicable. This Agreement, assuming due authorization, execution and delivery hereof by the other
parties hereto, constitutes a legal, valid and binding obligation of each Sponsor Person, enforceable against each such Sponsor Person in accordance with its terms. 

(d) Sponsor has been duly formed and is validly existing as a limited liability company and in good standing under the laws of its jurisdiction
of formation, and has the requisite power and authority to own, lease or operate all of its properties and assets and to conduct its business as it is now being conducted. Sponsor has all requisite power and authority to execute and deliver this
Agreement and to consummate the transactions contemplated hereby and to perform all of its obligations hereunder. The execution and delivery of this Agreement have been, and the consummation of the transactions contemplated hereby has been, duly
authorized by all requisite action by Sponsor. This Agreement has been duly and validly executed and delivered by Sponsor and, assuming this Agreement has been duly authorized, executed and delivered by the other parties hereto, this Agreement
constitutes, and upon its execution will constitute, a legal, valid and binding obligation of Sponsor enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency and other similar Applicable Legal Requirements
affecting the enforceability of creditors’ rights generally, general equitable principles and the discretion of courts in granting equitable remedies. The Person signing this Agreement has full power and authority to enter into this Agreement
on behalf of Sponsor. 
 (e) There are no Actions pending against Sponsor, or, to the knowledge of Sponsor, threatened against Sponsor, by or
before (or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental Entity, that would, in any manner, reasonably be expected to challenge or seek to enjoin, alter or materially delay the performance by Sponsor of
its obligations under this Agreement. 
 (f) Each Sponsor Person understands and acknowledges that each of GF and the Company is entering
into the BCA in reliance upon their execution and delivery of this Agreement. 
 (g) Except as set forth in Section 4.11 of the BCA, no
broker, finder, investment banker or other Person is entitled to any brokerage fee, finders’ fee or other commission in connection with the transactions contemplated by the BCA based upon arrangements made by Sponsor, for which GF or any of its
Affiliates may become liable. 

  
 5 

 (h) Except for this Agreement and the Letter Agreement, such Sponsor Person has not:
(i) entered into any voting agreement, voting trust or any similar agreement, arrangement or understanding, with respect to the Founder Shares owned by such Sponsor Person; or (ii) granted any proxy, consent or power of attorney with
respect to any Founder Shares owned by such Sponsor Person (other than as contemplated by this Agreement). Such Sponsor Person has not entered into any agreement, arrangement or understanding that is otherwise inconsistent with, or would interfere
with, or prohibit or prevent such Sponsor Person from satisfying such Sponsor Person’s obligations pursuant to this Agreement. 
 (i)
Such Sponsor Person is a sophisticated stockholder and has adequate information concerning the business and financial condition of the Company and GF to make an informed decision regarding this Agreement and the other transactions contemplated by
the BCA and has independently and based on such information as such Sponsor Person has deemed appropriate, made its own analysis and decision to enter into this Agreement. Such Sponsor Person acknowledges that the Company and GF 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 Sponsor Person acknowledges that the agreements contained herein with respect to the Founder Shares
owned by such Sponsor Person are irrevocable. 
 10. Acknowledgment. Each Sponsor Person hereby acknowledges that such Sponsor Person
has read the BCA and this Agreement and has had the opportunity to consult with its tax and legal advisors. Each Sponsor Person shall be bound by and comply with Section 6.09(b)-(c) (No Solicitation) and Section 6.05 (Access to
Information; Confidentiality) of the BCA (and any relevant definitions contained in any such Sections) as if such Sponsor Person was an original signatory to the BCA with respect to such provisions, mutatis mutandis; provided,
however, for the avoidance of doubt, the agreement to be bound by and comply with Section 6.09(b)-(c) (No Solicitation) of the BCA shall not limit the rights of either Sponsor Person or any of its Representatives with respect to any
transaction involving any person (other than GF) and any corporation, partnership or other business organization (other than the Company or any of its Subsidiaries). 

11. Expenses. If the Closing occurs, Sponsor shall forfeit a number of GF Class B Common Shares in accordance with
Section 10.10(a) of the BCA. If the Merger and the other Transactions shall not be consummated, all expenses shall be paid in accordance with Section 10.10(b) of the BCA. 

12. Termination. The obligations of the parties hereof under this Agreement shall automatically terminate upon the earlier of
(i) the Effective Time and (ii) the termination of the BCA in accordance with its terms. Upon termination or expiration of this Agreement, no party shall have any further obligations or liabilities under this Agreement. Notwithstanding any
termination of this Agreement, no such termination or expiration shall relieve any party hereto from liability for fraud or willful breach of this Agreement occurring prior to its termination. 

13. Miscellaneous. 
 (a)
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by e-mail or
by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses or e-mail addresses or set forth on the signature pages hereto (or at such other
address or e-mail address for a party as shall be specified in a notice given in accordance with this Section 13(a)): 

  
 6 

 If to Sponsor or GF, to: 

Golden Falcon Acquisition Corp 

850 Library Avenue, Suite 204 

Newark, Delaware 19711 

Attention: Makram Azar, Scott Freidheim, Douglas Berkman 

Email: Makram@goldenfalconcorp.com, Scott@goldenfalconcorp.com, 

Douglas@goldenfalconcorp.com 

with a copy to: 
 Greenberg
Traurig, LLP 
 1 Vanderbilt Avenue 

New York, New York 10017 

Attention: Jason Simon and Michael Helsel 

Email: simons@gtlaw.com; helselm@gtlaw.com 

If to the Company: 
 MNG
Havayollari ve Tasimacilik AS 
 Headquarter WOW Convention Center İDTM 

Yeşilköy/Bakırköy, Istanbul/Turkey 34149 

Attention: Ali Sedat Ozkazanc, Emre Mazanoglu 

Email: sedat.ozkazanc@mngairlines.com, emre.mazanoglu@mapa.group 

with a copy to: 
 White &
Case LLP 
 1221 Avenue of the Americas 

New York, NY 10020-1095 

Attention: Matthew Kautz; Elliott Smith 

Email: mkautz@whitecase.com; elliott.smith@whitecase.com 

If to an Additional Founder Shares Holder, to the address or email address set forth for Additional Founder Shares Holder on the signature
page hereof. 
 (b) If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law
or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially
adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent
of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

(c) (i) The words “hereof,” “herein,” and “hereunder” and words of similar import, when used in this
Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement; (ii) the words “date hereof,” when used in this Agreement, shall refer to the date set forth in the Preamble; (iii) the
terms defined in the singular have a comparable meaning when used in the plural, and vice versa; (iv) the terms defined in the present tense have a comparable meaning when used in the past tense, and vice versa; (v) any references herein
to a specific Section or Article shall refer, respectively, to Sections or Articles of this Agreement; (vi) references herein to any gender (including the neuter gender) includes each other gender; (vii) the word “or” shall not
be exclusive; (viii) the headings herein are for convenience of reference only, do not constitute part of this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof and; (ix) the parties hereto have
participated jointly in the negotiation and drafting of this Agreement and, in the event that an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as jointly drafted 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. 

  
 7 

 (d) This Agreement is intended to create, and creates a contractual relationship and is not
intended to create, and does not create, any agency, partnership, joint venture or any like relationship between the parties hereto. 
 (e)
This Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and undertakings, both written and oral, among the parties hereto, or any of them, with respect to
the subject matter hereof. This Agreement shall not be assigned (whether pursuant to a merger, by operation of law or otherwise) by any party hereto without the prior express written consent of the other parties hereto. 

(f) This Agreement shall be binding upon and inure solely to the benefit of each party hereto (and GF’s permitted assigns), and nothing
in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

(g) 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 hereto 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 (including the parties’
obligation to consummate the transactions contemplated by this Agreement) in the Chancery Court of Delaware, or if the Chancery Court of the State of Delaware denies jurisdiction, then any federal court located in Wilmington, Delaware or any
appellate court therefrom 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. The parties hereto hereby further waive (i) any
defense in any action for specific performance that a remedy at law would be adequate and (ii) any requirement under any law to post security or a bond as a prerequisite to obtaining equitable relief. 

(h) 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 or the transactions contemplated hereby shall be heard and determined exclusively in the Chancery Court of Delaware, or if the
Chancery Court of the State of Delaware denies jurisdiction, then any federal court located in Wilmington, Delaware or any appellate court therefrom. The parties hereto hereby (i) 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 or the transactions contemplated hereby brought by any party hereto, and (ii) 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 party hereto further agrees that notice as provided herein shall constitute sufficient service of process and the parties hereto further waive any argument that such service is insufficient. Each party hereto 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 (x) the Action in any such court is brought in an inconvenient forum, (y) the venue of
such Action is improper or (z) this Agreement, the transactions contemplated hereby or the subject matter hereof, may not be enforced in or by such courts. 

  
 8 

 (i) This Agreement may be executed and delivered (including by facsimile or portable
document format (.pdf) transmission) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and
the same agreement. 
 (j) Without further consideration, each party hereto shall execute and deliver or cause to be executed and delivered
such additional documents and instruments and take all such further action as may be reasonably necessary or desirable to consummate the transactions contemplated by this Agreement. 

(k) This Agreement shall not be effective or binding upon any party hereto until after such time as the BCA is executed and delivered by GF,
the Company, Merger Sub, IntermediateCo, HoldCo and FinCo. 
 (l) 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
(i) 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 (ii) acknowledges
that it and the other 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 13(l). 

[Signature pages follow] 

  
 9 

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

 

			
	GOLDEN FALCON SPONSOR GROUP, LLC
		
	By:	 	 /s/ Makram Azar

	Name:	 	Makram Azar
	Title:	 	CEO

 [Signature Page to Sponsor Support Agreement] 

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

 

			
	GOLDEN FALCON ACQUISITION CORP
		
	By:	 	 /s/ Makram Azar

	 Name: Makram Azar
 Title:
CEO

 [Signature Page to Sponsor Support Agreement] 

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

			
	MNG HAVAYOLLARI VE TASIMACILIK A.S.
		
	By:	 	 /s/ Mehmet Nazif Gunal

	 Name: MEHMET NAZIF GUNAL
 Title:
Chairman of the Board of Directors

 [Signature Page to Sponsor Support Agreement] 

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

 

			
	By:	 	 /s/ Xavier Rolet

	 Name: Xavier Rolet, KBE
  

Address for purposes of Section 13(a):
  

Xavier Rolet, KBE
 c/o Golden Falcon Acquisition Corp

850 Library Avenue, Suite 204
 Newark, Delaware
19711

 [Signature Page to Sponsor Support Agreement] 

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

 

			
	By:	 	 /s/ Dominique D’Hinnin

	 Name: Dominique D’Hinnin
  

Address for purposes of Section 13(a):
  

Dominique D’Hinnin
 c/o Golden Falcon Acquisition Corp

850 Library Avenue, Suite 204
 Newark, Delaware
19711

 [Signature Page to Sponsor Support Agreement] 

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

			
	By:	 	 /s/ I. Martin Pompadur

	 Name: I. Martin Pompadur
  

Address for purposes of Section 13(a):
  

I. Martin Pompadur
 c/o Golden Falcon Acquisition Corp

850 Library Avenue, Suite 204
 Newark, Delaware
19711

 [Signature Page to Sponsor Support Agreement] 

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

 

			
	By:	 	 /s/ Isabelle Amiel Azoulai

	 Name: Isabelle Amiel Azoulai
  

Address for purposes of Section 13(a):
  

Isabelle Amiel Azoulai
 c/o Golden Falcon Acquisition Corp

850 Library Avenue, Suite 204
 Newark, Delaware
19711

 [Signature Page to Sponsor Support Agreement] 

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

 

			
	By:	 	 /s/ Mikael Breuer-Weil

	 Name: Mikael Breuer-Weil
  

Address for purposes of Section 13(a):
  

Mikael Breuer-Weil
 c/o Golden Falcon Acquisition Corp

850 Library Avenue, Suite 204
 Newark, Delaware
19711

 [Signature Page to Sponsor Support Agreement] 

 EXHIBIT A 

 

					
	 Sponsor Person
	  	Total Shares	 
	 Golden Falcon Sponsor Group, LLC
	  	 	8,445,000	 
	 Xavier Rolet, KBE
	  	 	36,000	 
	 Dominique D’Hinnin
	  	 	36,000	 
	 I. Martin Pompadur
	  	 	36,000	 
	 Isabelle Amiel Azoulai
	  	 	36,000	 
	 Mikael Breuer-Weil
	  	 	36,000	 
	 Total:
	  	 	8,625,000

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