Document:

Exhibit 10.2

 

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment Management Trust Agreement
(this “Agreement”) is made effective as of [ ], 2020 by and between Jiya Acquisition Corp., a Delaware corporation
(the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation (the “Trustee”).

 

WHEREAS, the Company’s registration
statement on Form S-1, File No. 333-[] (the “Registration Statement”) and prospectus (the “Prospectus”)
for the initial public offering (the “Offering”) of the Company’s Class A common stock, par value $0.0001
per share (the “Common Stock”), has been declared effective as of the date hereof by the U.S. Securities and
Exchange Commission; and

 

WHEREAS, the Company has entered into an
Underwriting Agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc., as representative
(the “Representative”) of the several underwriters (the “Underwriters”) named therein; and

 

WHEREAS, as described in the Prospectus,
$100,000,000 of the gross proceeds of the Offering (or $115,000,000 if the Underwriters’ over-allotment option is exercised
in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United
States (the “Trust Account”) for the benefit of the Company and the holders of the Common Stock in the Offering
as hereinafter provided (the amount to be delivered to the Trustee (and any interest subsequently earned thereon) is referred to
herein as the “Property,” the stockholders for whose benefit the Trustee shall hold the Property will
be referred to as the “Public Stockholders,” and the Public Stockholders and the Company will be referred to
together as the “Beneficiaries”);

 

WHEREAS, pursuant to the Underwriting Agreement,
a portion of the Property up to $3,500,000, or up to $4,025,000 if the Underwriters’ over-allotment option is exercised in
full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company to the Underwriters
upon and concurrently with the consummation of the Business Combination (as defined below) (the “Deferred Discount”);
and

 

WHEREAS, the Company and the Trustee desire
to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property.

 

NOW THEREFORE, IT IS AGREED:

 

1.            
Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a)           
Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established
by the Trustee in the United States at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated
assets of $100 billion or more) in the United States, maintained by the Trustee and at a brokerage institution selected by the
Trustee that is reasonably satisfactory to the Company;

 

     

     

    

(b)           
Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)           
In a timely manner, upon the written instruction of the Company, invest and reinvest the Property solely in 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 (or any successor rule), which invest only in direct U.S. government
treasury obligations, as determined by the Company; it being understood that the Trust Account will earn no interest while account
funds are uninvested awaiting the Company’s instructions hereunder and the Trustee may earn bank credits or other consideration;

 

(d)           
Collect and receive, when due, all interest or other income arising from the Property, which shall become part of the “Property,”
as such term is used herein;

 

(e)           
Promptly notify the Company and the Representative of all communications received by the Trustee with respect to any Property
requiring action by the Company;

 

(f)           
Supply any necessary information or documents as may be requested by the Company (or its authorized agents) in connection
with the Company’s preparation of the tax returns relating to assets held in the Trust Account;

 

(g)           
Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as
and when instructed by the Company to do so;

 

(h)           
Render to the Company monthly written statements of the activities of, and amounts in, the Trust Account reflecting all
receipts and disbursements of the Trust Account;

 

(i)           
Commence liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with, the
terms of a letter from the Company (“Termination Letter”) in a form substantially similar to that attached hereto
as either ‎Exhibit A or ‎Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive
Officer, Chief Financial Officer, President, Executive Vice President, Vice President, Secretary or Chairman of the board of directors
of the Company (the “Board”) or other authorized officer of the Company, and, in the case of ‎Exhibit
A, acknowledged and agreed to by the Representative, and complete the liquidation of the Trust Account and distribute

 

    2 

     

    

the
Property in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to
the Company (less taxes payable and up to $100,000 of such net interest to pay dissolution expenses), only as directed in the
Termination Letter and the other documents referred to therein, or (y) upon the date which is, the later of (1) 24 months after
the closing of the Offering and (2) such later date as may be approved by the Company’s stockholders in accordance with
the Company’s amended and restated certificate of incorporation if a Termination Letter has not been received by the Trustee
prior to such date, in which case the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination
Letter attached as ‎Exhibit B and the Property in the Trust Account, including interest earned on the funds held in
the Trust Account and not previously released to the Company (less taxes payable and up to $100,000 of such net interest to pay
dissolution expenses), shall be distributed to the Public Stockholders of record as of such date;

 

(j)            Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached
hereto as ‎Exhibit C (a “Tax Payment”), withdraw from the Trust Account and distribute to the
Company the amount of interest earned on the Property requested by the Company to cover any tax obligation owed by the
Company as a result of assets of the Company or interest or other income earned on the Property (up to $500,000 per annum),
which amount shall be delivered directly to the Company by electronic funds transfer or other method of prompt payment, and
the Company shall forward such payment to the relevant taxing authority, so long as there is no reduction in the principal
amount per share initially deposited in the Trust Account; provided, however, that to the extent there is not
sufficient cash in the Trust Account to pay such tax obligation, the Trustee shall liquidate such assets held in the Trust
Account as shall be designated by the Company in writing to make such distribution (it being acknowledged and agreed that any
such amount in excess of interest income earned on the Property shall not be payable from the Trust Account). The written
request of the Company referenced above shall constitute presumptive evidence that the Company is entitled to said funds, and
the Trustee shall have no responsibility to look beyond said request;

 

(k)           
Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached
hereto as ‎Exhibit D (a “Stockholder Redemption Withdrawal Instruction”), the Trustee shall distribute
on behalf of the Company the amount requested by the Company to be used to redeem shares of Common Stock from Public Stockholders
properly submitted in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate
of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of shares of Common Stock sold
in the Offering (the “public shares”) if the Company has not consummated an initial Business Combination within
such time as is described in the Company’s amended and restated certificate of incorporation or with respect to any other
material provisions relating to stockholders’ rights or pre-initial Business Combination activity. The written request of
the Company referenced above shall constitute presumptive evidence that the Company is entitled to distribute said funds, and the
Trustee shall have no responsibility to look beyond said request; and

 

    3 

     

    

(l)           
Not make any withdrawals or distributions from the Trust Account other than pursuant to Section ‎1(i), (j) or (k) above.

 

2.            
Agreements and Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)           
Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, Chief Executive
Officer, Chief Financial Officer, President, Executive Vice President, Vice President or Secretary. In addition, except with respect
to its duties under Sections ‎1(i), ‎1(j) and ‎1(k) hereof, the Trustee shall be entitled to rely on, and shall be
protected in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes
to be given by any one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm
such instructions in writing;

 

(b)           
Subject to Section ‎4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all expenses,
including reasonable counsel fees and disbursements, or losses suffered by the Trustee in connection with any action taken by it
hereunder and in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection
with any claim or demand, which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or
the Property or any interest earned on the Property, except for expenses and losses resulting from the Trustee’s gross negligence,
fraud or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any
action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this Section ‎2(b), it shall
notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The Trustee
shall have the right to conduct and manage the defense against such Indemnified Claim; provided that the Trustee shall obtain
the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The Trustee
may not agree to settle any Indemnified Claim without the prior written consent of the Company, which such consent shall not be
unreasonably withheld. The Company may participate in such action with its own counsel;

 

(c)           
Pay the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual administration
fee, and transaction processing fee which fees shall be subject to modification by the parties from time to time. It is expressly
understood that the Property shall not be used to pay such fees unless and until it is distributed to the Company pursuant to Sections
‎1(i) through ‎1(j) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration
fee at the consummation of the Offering. The Company shall not be responsible for any other fees or charges of the Trustee except
as set forth in this Section ‎2(c), Schedule A and as may be provided in Section ‎2(b) hereof;

 

    4 

     

    

(d)           
In connection with any vote of the Company’s stockholders regarding a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business
Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the stockholder meeting
verifying the vote of such stockholders regarding such Business Combination;

 

(e)           
Provide the Representative with a copy of any Termination Letter(s) and/or any other correspondence that is sent to the
Trustee with respect to any proposed withdrawal from the Trust Account promptly after it issues the same;

 

(f)           
Unless otherwise agreed between the Company and the Representative, ensure that any Instruction Letter (as defined in ‎Exhibit
A) delivered in connection with a Termination Letter in the form of ‎Exhibit A expressly provides that the Deferred
Discount is paid directly to the account or accounts directed by the Representative on behalf of the Underwriters prior to any
transfer of the funds held in the Trust Account to the Company or any other person;

 

(g)           
Instruct the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing
the Trustee to make any distributions that are not permitted under this Agreement; and

 

(h)           
Within four (4) business days after the Underwriters exercise the over-allotment option (or any unexercised portion thereof)
or such over-allotment option expires, provide the Trustee with a notice in writing of the total amount of the Deferred Discount.

 

3.            
Limitations of Liability. The Trustee shall have no responsibility or liability to:

 

(a)           
Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other
than this Agreement and that which is expressly set forth herein;

 

(b)           
Take any action with respect to the Property, other than as directed in Section ‎1 hereof, and the Trustee shall have
no liability to any third party except for liability arising out of the Trustee’s gross negligence, fraud or willful misconduct;

 

(c)           
Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend
any proceeding of any kind with respect to, any of the Property unless and until it shall have received instructions from the Company
given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses
incident thereto;

 

    5 

     

    

(d)           
Refund any depreciation in principal of any Property;

 

(e)           
Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing
unless provided otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority
to the Trustee;

 

(f)           
The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken
or omitted, in good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful
misconduct. The Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion
or advice of counsel (including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument,
report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also
as to the truth and acceptability of any information therein contained) which the Trustee believes, in good faith and with reasonable
care, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice
or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced
by a written instrument delivered to the Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee
are affected, unless it shall give its prior written consent thereto;

 

(g)           
Verify the accuracy of the information contained in the Registration Statement;

 

(h)           
Provide any assurance that any Business Combination entered into by the Company or any other action taken by the Company
is as contemplated by the Registration Statement;

 

(i)           
File information returns with respect to the Trust Account with any local, state or federal taxing authority or provide
periodic written statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income
earned on the Property;

 

(j)           
Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated
by, and activities relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company,
including, but not limited to, tax obligations, except pursuant to Section ‎1(j) hereof; or

 

    6 

     

    

(k)           
Verify calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections
‎1(i), ‎1(j) or ‎1(k) hereof.

 

4.            
Trust Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account
that it may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including,
without limitation, under Section ‎2(b) or Section ‎2(c) hereof, the Trustee shall pursue such Claim solely against the
Company and its assets outside the Trust Account and not against the Property or any monies in the Trust Account.

 

5.            
Termination. This Agreement shall terminate as follows:

 

(a)           
If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use
its reasonable efforts to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement.
At such time that the Company notifies the Trustee that a successor trustee has been appointed and has agreed to become subject
to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including
but not limited to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement
shall terminate; provided, however, that in the event that the Company does not locate a successor trustee within
ninety (90) days of receipt of the resignation notice from the Trustee, the Trustee may submit an application to have the Property
deposited with any court in the State of New York or with the United States District Court for the Southern District of New York
and upon such deposit, the Trustee shall be immune from any liability whatsoever; or

 

(b)           
At such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance with
the provisions of Section ‎1(i) hereof and distributed the Property in accordance with the provisions of the Termination Letter,
this Agreement shall terminate except with respect to Section ‎2(b).

 

6.            
Miscellaneous.

 

(a)           
The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect
to funds transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information
relating to such security procedures to authorized persons. Each party must notify the other party immediately if it has reason
to believe unauthorized persons may have obtained access to such confidential information, or of any change in its authorized personnel.
In executing funds transfers, the Trustee shall rely upon all information supplied to it by the Company, including, account names,
account numbers, and all other identifying information relating to a Beneficiary, Beneficiary’s bank or intermediary bank.
Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the Trustee shall not
be liable for any loss, liability or expense resulting from any error in the information or transmission of the funds.

 

    7 

     

    

(b)           
This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York. This
Agreement may be executed in several original or facsimile counterparts, each one of which shall constitute an original, and together
shall constitute but one instrument.

 

(c)           
This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter
hereof. Subject to Section ‎6(d) hereof, this Agreement or any provision hereof may only be changed, amended or modified (other
than to correct a typographical error) by a writing signed by each of the parties hereto.

 

(d)           
This Agreement or any provision hereof may only be changed, amended or modified pursuant to Section ‎6(c) hereof with
the Consent of the Stockholders. For purposes of this Section ‎6(d), the “Consent of the Stockholders” means receipt
by the Trustee of a certificate from the inspector of elections of the stockholder meeting certifying that the Company’s
stockholders of record as of a record date established in accordance with Section 213(a) of the Delaware General Corporation Law,
as amended (“DGCL”) (or any successor rule), who hold sixty-five percent (65%) or more of all then outstanding
shares of the Common Stock and Class B common stock, par value $0.0001 per share, of the Company voting together as a single class,
have voted in favor of such change, amendment or modification. No such amendment will affect any Public Stockholder who has otherwise
indicated his election to redeem his shares of Common Stock in connection with a stockholder vote sought to amend this Agreement
to modify the substance or timing of the Company’s obligation to redeem 100% of the Common Stock if the Company does not
complete its initial Business Combination within the time frame specified in the Company’s amended and restated certificate
of incorporation. Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the
Trustee may rely conclusively on the certification from the inspector or elections referenced above and shall be relieved of all
liability to any party for executing the proposed amendment in reliance thereon.

 

(e)           
The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York,
State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING
TO THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

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

 

    8 

     

    

if to the Trustee, to:

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

Email: fwolf@continentalstock.com

Email: cgonzalez@continentalstock.com

 

if to the Company, to:

 

Jiya Acquisition Corp.

628 Middlefield Road

Palo Alto, CA 94301

Attn: Richard Van Doren

Email: rich@samsaracap.com

  

in each case, with copies to:

 

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, New York 10017

Attn: Derek J. Dostal

Email: derek.dostal@davispolk.com

 

and

 

Citigroup Global Markets Inc.

388 Greenwich Street

New York, NY 10013

Attn: Pavan Bellur

Email: pavan.bellur@citi.com

 

and

 

Ropes & Gray LLP

1211 Avenue of the Americas

New York, NY 10036

Attn.: Paul D. Tropp

Email: paul.tropp@ropesgray.com

 

(g)           
Each of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized
to enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and
agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled
to any funds in the Trust Account under any circumstance.

 

    9 

     

    

(h)           
This Agreement is the joint product of the Trustee and the Company and each provision hereof has been subject to the mutual
consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

(i)           
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such
counterparts shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile
or electronic transmission shall constitute valid and sufficient delivery thereof.

 

(j)           
Each of the Company and the Trustee hereby acknowledges and agrees that the Representative on behalf of the Underwriters
is a third-party beneficiary of this Agreement.

 

(k)           
Except as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any
other person or entity.

 

[Signature Page Follows]

 

    10 

     

    

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

 

	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Trustee
	 	 
	 	 
	 	By:	 
	 	 	Name: Francis Wolf
	 	 	Title:  Vice President

 

 

	 	JIYA ACQUISITION CORP.
	 	 
	 	 
	 	By:	 
	 	 	Name:Rekha Hemrajani
	 	 	Title:Chief Executive Officer

 

 

SCHEDULE A

 

	Fee Item	Time and method of payment	Amount
	Initial set-up fee.	Initial closing of Offering by wire transfer.	$3,500.00
	Trustee administration fee	Payable annually.  First year fee payable, at initial closing of Offering by wire transfer, thereafter by wire transfer or check.	$10,000.00
	Transaction processing fee for disbursements to Company under Sections ‎1 and ‎2	Billed to Company following disbursement made to Company under Section ‎1 and ‎2	$250.00
	Paying Agent services as required pursuant to Section ‎1(i) and ‎1(k)	Billed to Company upon delivery of service pursuant to Section ‎1(i) and ‎1(k)	Prevailing rates

 

 

 

[Signature Page to Investment Management
Trust Agreement]

 

    

     

    

Exhibit A 

 

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

 

Attn: Francis Wolf & Celeste Gonzalez

 

Re: Trust Account No. Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section ‎1(i) of the Investment
Management Trust Agreement between Jiya Acquisition Corp. (the “Company”) and Continental Stock Transfer &
Trust Company (“Trustee”), dated as of [ ], 2020 (the “Trust Agreement”), this is to advise
you that the Company has entered into an agreement with (the “Target Business”) to consummate a business combination
with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify
you at least seventy-two (72) hours in advance of the actual date (or such shorter period as you may agree) of the consummation
of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have
the meanings set forth in the Trust Agreement.

 

In accordance with the terms of the Trust
Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account and to transfer the proceeds
to a segregated account held by you on behalf of the Beneficiaries to the effect that, on the Consummation Date, all of the funds
held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on
the Consummation Date (including as directed to it by the Representative on behalf of the Underwriters (with respect to the Deferred
Discount)).

 

On the Consummation Date (i) counsel for
the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated
concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”), and
(ii) the Company shall deliver to you (a) a certificate by the Chief Executive Officer, Chief Financial Officer, Co-Executive Chairman
or Vice Chairman, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders,
if a vote is held and (b) a joint written instruction signed by the Company and the Representative with respect to the transfer
of the funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their
redemption rights and payment of the Deferred Discount directly to the account or accounts directed by the Representative from
the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held
in the Trust Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms
of the Instruction Letter. In the event that

 

    A-1

     

    

certain
deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company
in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed
after the Consummation Date to the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable
unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated.

 

In the event that the Business Combination
is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original
Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds
held in the Trust Account shall be reinvested as provided in Section ‎1(c) of the Trust Agreement on the business day immediately
following the Consummation Date as set forth in such notice as soon thereafter as possible.

 

	 	
        Very truly yours,

         

        Jiya Acquisition Corp.

         

	 	By:	 
	 	 	Name:
	 	 	Title:

 

	
        Agreed and acknowledged by:

         

        Citigroup Global Markets Inc.

         

	By:	 
	 	Name:
	 	Title:

 

    A-2

     

    

Exhibit B 

 

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

Re: Trust Account No. Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section ‎1(i) of the Investment
Management Trust Agreement between Jiya Acquisition Corp. (the “Company”) and Continental Stock Transfer &
Trust Company (the “Trustee”), dated as of [ ], 2020 (the “Trust Agreement”), this is to
advise you that the Company has been unable to effect a business combination with a Target Business (the “Business Combination”)
within the time frame specified in the Company’s Amended and Restated Certificate of Incorporation, as described in the Company’s
Prospectus relating to the Offering. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust
Agreement.

 

In accordance with the terms of the Trust
Agreement, we hereby authorize you to liquidate all of the assets in the Trust Operating Account and to transfer the total proceeds
into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public Stockholders. The Company
has selected as the effective date for the purpose of determining when the Public Stockholders will be entitled to receive their
share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree
to distribute said funds directly to the Company’s Public Stockholders in accordance with the terms of the Trust Agreement
and the Amended and Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds, net of any payments
necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement
shall be terminated, except to the extent otherwise provided in Section ‎1(i) of the Trust Agreement.

 

    B-1 

     

    

	 	
        Very truly yours,

         

        Jiya Acquisition Corp.

         

	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc: Citigroup Global Markets Inc.

 

    3 

     

    

Exhibit C 

 

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

Re: Trust Account No. Tax Payment

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section ‎1(j) of the Investment
Management Trust Agreement between Jiya Acquisition Corp. (the “Company”) and Continental Stock Transfer &
Trust Company (the “Trustee”), dated as of [ ], 2020 (the “Trust Agreement”), the Company
hereby requests that you deliver to the Company $[ ] of the interest income earned on the Property as of the date hereof. Capitalized
terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company needs such funds to pay for
the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement,
you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to
the Company’s operating account at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	
        Very truly yours,

         

        Jiya Acquisition Corp.

         

	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc: Citigroup Global Markets Inc.

 

    4 

     

    

Exhibit D 

 

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

Re: Trust Account No. Stockholder Redemption Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section ‎1(k) of the Investment
Management Trust Agreement between Jiya Acquisition Corp. (the “Company”) and Continental Stock Transfer &
Trust Company (the “Trustee”), dated as of [ ], 2020 (the “Trust Agreement”), the Company
hereby requests that you deliver to the redeeming Public Stockholders of the Company $[ ] of the principal and interest income
earned on the Property as of the date hereof to a segregated account held by you on behalf of the Beneficiaries. Capitalized terms
used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company needs such funds to pay its
Public Stockholders who have properly elected to have their shares of Common Stock redeemed by the Company in connection with a
stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation to modify the
substance or timing of the Company’s obligation to redeem 100% of public shares of Common Stock if the Company has not consummated
an initial Business Combination within such time as is described in the Company’s amended and restated certificate of incorporation
or with respect to any other material provisions relating to stockholders’ rights or pre-initial Business Combination activity.
As such, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter
to a segregated account held by you on behalf of the Beneficiaries.

 

	 	
        Very truly yours,

         

        Jiya Acquisition Corp.

         

	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc: Citigroup Global Markets Inc.

 

    5Exhibit 10.4

 

FIFTH AMENDMENT TO LOAN DOCUMENTS

 

THIS FIFTH AMENDMENT
TO LOAN DOCUMENTS (this “Amendment”), dated as of November __, 2020, is among Stratos
Management Systems, Inc. (f/k/a Tango Merger Sub Corp.), a Delaware corporation (“Stratos”), American
Virtual Cloud Technologies, Inc. (f/k/a Pensare Acquisition Corp.), a Delaware corporation (“Parent”
and together with Stratos, collectively and individually, “Borrower”), COMPUTEX, INC., a Texas corporation (“Computex”),
FIRST BYTE COMPUTERS, INC., a Minnesota corporation (“First Byte”), ENETSOLUTIONS, L.L.C., a Texas limited liability
company (“eNET”, and together with Computex and First Byte, collectively, “Guarantors”, and
each, individually, a “Guarantor”), and COMERICA BANK (“Bank”).

 

RECITALS:

 

A. Borrower
and Bank are party to that certain Credit Agreement dated as of December 18, 2017 (as the same has been or may hereafter be amended,
restated or otherwise modified from time to time, the “Credit Agreement”).

 

B. In
connection with the Credit Agreement, (i) Borrower and the Guarantors (other than Parent) are party to that certain Security
Agreement dated as of December 18, 2017 in favor of Bank and (ii) Parent is party to that certain Security Agreement dated
as of April 7, 2020 in favor of Bank (collectively, as the same have been or may be amended, restated or modified from time to
time, the “Security Agreement”).

 

C. In
connection with the Credit Agreement, (i) the Guarantors (other than Parent) are party to that certain Guaranty dated as of December
18, 2017 in favor of Bank and (ii) Parent is party to that certain Guaranty dated as of April 7, 2020 in favor of Bank (collectively,
as the same have been or may hereafter be amended, restated or otherwise modified from time to time, the “Guaranties”).

 

D. In
connection with the Credit Agreement, the Borrower and Guarantors are party to that certain Advance Formula Agreement dated as
of December 18, 2017 (as the same has been or may hereafter be amended, restated or otherwise modified from time to time, the “Advance
Formula Agreement”).

 

E. Borrower,
Guarantors, and Bank now desire to amend the Credit Agreement and the other Loan Documents as provided herein.

 

NOW, THEREFORE, in
consideration of the premises herein contained and other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties hereto agree as follows (all provisions of this Amendment being effective as of the date hereof
unless otherwise stated herein):

 

    Fifth Amendment to Loan Documents – Page 1

     

    

 

ARTICLE I

Definitions

 

Section 1.1 Definitions.
Capitalized terms used in this Amendment, to the extent not otherwise defined herein, shall have the same meanings as in the
Credit Agreement, as amended hereby.

 

ARTICLE II

Amendments to Loan Documents

 

Section 2.1 Additions
to Definitions in Section 1(a) of the Credit Agreement. The following definitions are hereby added to
Section 1(a) of the Credit Agreement in alphabetical order in their entirety as follows:

 

“Fifth
Amendment Effective Date” shall mean November                , 2020.

 

“Liquidity”
shall mean the sum of (a) the unrestricted cash and cash equivalents of Borrower and Guarantors on deposit with or held by Bank,
plus (b) the Unused Availability.

 

“Unused
Availability” shall mean, on any date of determination, the amount equal to the sum of (a) the Advance Formula, minus
(b) the aggregate outstanding principal amount under the Revolving Credit Note.

 

Section 2.2
Amendments to Definitions in Section 1(a) of the Credit Agreement. The following definitions in Section 1(a) of the
Credit Agreement are amended and restated to read in their entirety as follows:

 

“2020
Subordinated Debt” shall mean the Debt owed by Parent, Borrower and Borrower’s Subsidiaries pursuant to the following
documents: (a) the Securities Purchase Agreement dated on or about the Third Amendment Effective Date, by and among Parent and
the investors party thereto and any and all convertible debentures (including any such debentures issued following the Third Amendment
Effective Date in accordance with the terms of such Securities Purchase Agreement) and warrants to purchase common stock issued
pursuant thereto; (b) any other convertible debentures and warrants having substantially the same terms, conditions and subordination
provisions as the debentures and warrants issued pursuant to the foregoing clause (a) issued pursuant to one or more agreements
entered into on or after the Fifth Amendment Effective Date; (c) the Registration Rights Agreement dated on or about the Third
Amendment Effective Date, by and among Parent and the holders party thereto; (d) the subordinated promissory notes dated on or
about or within 60 days following, the Third Amendment Effective Date in an amount not to exceed $7,000,000 in the aggregate, by
Parent in favor of certain holders party thereto and issued in settlement of certain obligations of Parent to the holders thereof
as evidenced by letter agreements (or other agreements evidencing such settlements) dated on or about or within 60 days following,
the Third Amendment Effective Date between Parent and each holder of such subordinated promissory notes; and (e) any other documents,
agreement, and instruments related thereto; provided, however, that the aggregate principal amount of any convertible debentures
issued pursuant to the foregoing clauses (a) and (b) shall not exceed, in the aggregate, $100,000,000.

 

    Fifth Amendment to Loan Documents – Page 2

     

    

 

“Revolving
Credit Note” shall mean the Fourth Amended and Restated Master Revolving Note dated the Fifth Amendment Effective Date
in the maximum original principal amount of $16,500,000 made by Borrower payable to the order of Bank, as the same has been or
may be renewed, extended, modified, increased, or restated from time to time.

 

“Term
Note” shall mean the Second Amended and Restated Term Note dated the Third Amendment Effective Date in the maximum original
principal amount of $5,821,428.54 made by Borrower payable to the order of Bank, as the same has been or may be amended, renewed,
extended, modified, increased or restated from time to time.

 

Section 2.3 Addition
to Section 2 of the Credit Agreement. A new clause (c) is added to the end of Section 2 of the Credit Agreement to
read in its entirety as follows:

 

(c) Amendment
Fee. An amendment fee equal to $100,000 (the “Amendment Fee”) shall be deemed fully earned as of the
Fifth Amendment Effective Date and shall be due and payable as follows:

 

(i) $50,000
shall be due and payable as of the Fifth Amendment Effective Date; and

 

(ii) $50,000
shall be due and payable on April 1, 2021; provided, however, if the Borrower satisfied one of the following conditions, then Bank
agrees that payment of this portion of the Amendment Fee is waived:

 

(A) Borrower
has paid in full all Indebtedness and all of Bank’s commitments under the Credit Agreement have been terminated; or

 

(B) Borrower
has provided sufficient cash collateral to Bank to secure all of the outstanding Indebtedness.

 

Section 2.4 Amendment
to Section 4(k) of the Credit Agreement. The reference to the phrase "Within thirty (30) days of the Third
Amendment Effective Date" in Section 4(k) of the Credit Agreement is hereby deleted and the reference to the phrase
"On or before December 31, 2020" is inserted in lieu thereof.

 

Section 2.5 Amendment
to Section 4(l) of the Credit Agreement. Section 4(l) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

 

(l) Liquidity.
At all times beginning January 31, 2021 and tested monthly at the end of each month thereafter, maintain Liquidity of at least
Three Million and No/100 Dollars ($3,000,000.00).

 

    Fifth Amendment to Loan Documents – Page 3

     

    

 

Section 2.6 Amendment
to Section 4(q) of the Credit Agreement. The reference to the phrase "Within forty-five (45) days of the Third
Amendment Effective Date" in Section 4(q) of the Credit Agreement is hereby deleted and the reference to the phrase
"On or before December 31, 2020" is inserted in lieu thereof.

 

Section 2.7 Amendment
to Section 4 of the Credit Agreement. A new clause (w) is added to the end of Section 4 of the Credit Agreement to
read in its entirety as follows:

 

(w) Fifth
Amendment Post-Closing Deliverables. On or before December 31, 2020, Borrower shall deliver to Bank evidence that
all insurance required under Section 4(d) of the Credit Agreement shall have been endorsed to list Bank as an additional insured
or lender loss payee, as appropriate, all in form and substance satisfactory to Bank.

 

Section 2.8 Amendment
to Section 5(d) of the Credit Agreement. Section 5(d) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

 

(d) Debt.
Incur, create, assume or permit to exist any Debt of any kind or nature whatsoever, except (without duplication) for (i) the
Indebtedness, (ii) Subordinated Debt, (iii) existing indebtedness (if any) to the extent set forth in the Schedule of
Debt attached hereto or in the most recent financial statements of Borrower delivered to Bank prior to the date of this Agreement,
(iv) unsecured trade indebtedness, utility indebtedness and non-extraordinary accounts payable incurred and paid in the ordinary
course of business, (v) purchase money indebtedness and lease obligations (whether in respect of capitalized leases, operating
leases or otherwise, but not leases in respect of real property pursuant to which the Loan Parties are a tenant), not otherwise
disclosed in said Schedule of Debt or such most recent financial statements, not to exceed $1,000,000, in aggregate, at any time,
(vi) Debt owing solely between or among Loan Parties, (vii) Debt owed by any Foreign Subsidiary to a Loan Party in an
aggregate outstanding amount not to exceed $100,000 at any time, (viii) Ingram Micro Debt, (ix) other unsecured Debt not to
exceed $100,000, in aggregate, at any time outstanding; (x) any Debt incurred in connection with any Capital Expenditure set forth
on the Schedule of Permitted Capital Expenditures, (xi) unsecured Debt incurred for the sole purpose of financing insurance premiums
in an aggregate outstanding amount not to exceed $1,500,000 at any time, (xii) the Permitted PPP Loan so long as (1) it is unsecured
and (2) the aggregate principal amount of the Permitted PPP Loan shall not exceed $4,200,000 at any one time outstanding; (xiii)
the 2020 Subordinated Debt; and (xiv) any Debt incurred to refinance any Debt referred to in this Section 5(d); provided, that
the principal amount of the Indebtedness secured thereby is not increased.

 

ARTICLE III 

 

No Waiver

 

Section 3.1 No
Waiver. Nothing contained herein shall be construed as a consent to or waiver of any Default or Event of Default, which
may now exist or hereafter occur or any violation of any term, covenant or provision of the Credit Agreement or any other
Loan Document. All rights and remedies of Bank are hereby expressly reserved with respect to any such Default or Event of
Default. Nothing contained herein shall affect or diminish the right of Bank to require strict performance by each Loan Party
of each provision of any Loan Document to which such Loan Party is a party, except as expressly provided herein. Except as
amended hereby, all terms and provisions and all rights and remedies of Bank under the Loan Documents shall continue in full
force and effect and are hereby confirmed and ratified in all respects.

 

    Fifth Amendment to Loan Documents – Page 4

     

    

 

ARTICLE IV

Conditions Precedent

 

Section 4.1 Conditions
Precedent. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:

 

(a)
Bank shall have received this Amendment properly executed by Borrower, Guarantors and Bank.

 

(b)
Bank shall have received payment of not less than $250,000 to be applied as a prepayment to the outstanding principal balance
of the Term Note.

 

(c)
The representations and warranties contained herein and in all other Loan Documents, as amended hereby, shall be true and
correct in all material respects as of the date hereof as if made on the date hereof.

 

(d)
No Default or Event of Default shall have occurred and be continuing.

 

(e)
Bank shall have received payment of $50,000 of the Amendment Fee due and payable as of the date hereof.

 

ARTICLE V

Ratifications, Representations and Warranties

 

Section 5.1 Ratifications.
The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set
forth in the Credit Agreement and except as expressly modified and superseded by this Amendment, the terms and provisions of
the Credit Agreement and the other Loan Documents are ratified and confirmed and shall continue in full force and effect.
Each of Borrower, Guarantors and Bank agree that the Credit Agreement, as amended hereby, and the other Loan Documents shall
continue to be legal, valid, binding and enforceable in accordance with their respective terms. Each Guarantor hereby
consents and agrees to this Amendment and agrees that each Loan Document to which such Person is a party shall remain in full
force and effect and shall continue to (a) in the case of the Guaranty, guarantee the Indebtedness (as defined in the
Guaranty) and the other amounts and obligations as provided in the Guaranty, and (b) be the legal, valid and binding
obligation of such Person and enforceable against such Person in accordance with its terms.

 

Section 5.2 Representations
and Warranties. Each of Borrower and Guarantors hereby represents and warrants to the Bank that (a) with respect to
Borrower, the execution, delivery and performance of this Amendment and any and all other Loan Documents executed and/or
delivered in connection herewith have been authorized by all requisite company or other action on the part of Borrower and
will not violate the charter or organizational documents of Borrower, (b) the representations and warranties contained in the
Credit Agreement and each other Loan Document are true and correct in all material respects on and as of the date hereof as
though made on and as of the date hereof (except for such representations and warranties as are limited by their express
terms to a specific date), and (c) effective upon the execution of this Amendment and the Loan Documents executed in
connection herewith, no Default or Event of Default (other than the Subject Default) has occurred and is continuing.

 

    Fifth Amendment to Loan Documents – Page 5

     

    

 

ARTICLE VI

Miscellaneous

 

Section 6.1 Survival
of Representations and Warranties. All representations and warranties made in this Amendment or any other document
executed in connection herewith shall survive the execution and delivery of this Amendment, and no investigation by Bank or
any closing shall affect the representations and warranties or the right of Bank to rely upon them.

 

Section 6.2 Reference
to Agreement. Each of the Credit Agreement, the Loan Documents and any and all other agreements, documents, or
instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Credit
Agreement and the Loan Documents, as amended hereby, are hereby amended so that any reference in such documents to the Credit
Agreement and the Loan Documents shall mean a reference to the Credit Agreement and the Loan Documents as amended hereby.

 

Section 6.3 Expenses
of Bank. As provided in the Credit Agreement, each of Borrower agrees to pay on written demand all reasonable and
documented costs and expenses incurred by Bank in connection with the preparation, negotiation, and execution of this
Amendment and any other documents executed pursuant hereto and any and all amendments, modifications, and supplements
thereto, including without limitation the reasonable costs and fees of Bank’s legal counsel, and all costs and expenses
incurred by Bank in connection with the enforcement or preservation of any rights under the Credit Agreement, as amended
hereby, or any other document executed in connection therewith, including without limitation the costs and reasonable fees of
Bank’s legal counsel.

 

Section 6.4 Severability.
Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or
unenforceable.

 

Section 6.5 Applicable
Law. This Amendment and all other documents executed pursuant hereto shall be deemed to have been made and to be
performable in Dallas, Dallas County, Texas and shall be governed by and construed in accordance with the laws of the State
of Texas.

 

Section 6.6 Successors
and Assigns. This Amendment is binding upon and shall inure to the benefit of Bank, each Borrower, each Guarantor, and
their respective successors, assigns, heirs, executors and personal representatives, except neither Borrower, nor any
Guarantor may assign or transfer any of its rights or obligations hereunder without the prior written consent of Bank.

 

    Fifth Amendment to Loan Documents – Page 6

     

    

 

Section 6.7 Counterparts.
This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which
shall be an original and all of which taken together shall constitute one and the same agreement. The signature of a party to
any counterpart shall be sufficient to legally bind such party. Bank may remove the signature pages from one or more
counterparts and attach them to any other counterpart for the purpose of having a single document containing the signatures
of all parties. Delivery of an executed counterpart of a signature page to this Amendment by facsimile, emailed portable
document format (“pdf”), or tagged image file format (“tiff”) or any other electronic
means that reproduces an image of the actual executed signature page shall be effective as delivery of an original executed
counterpart of a signature page to this Amendment. Any party sending an executed counterpart of a signature page to this
Amendment by facsimile, pdf, tiff or any other electronic means shall also send the original thereof to Bank within five (5)
days thereafter, but failure to do so shall not affect the validity, enforceability, or binding effect of this Amendment.

 

Section 6.8 Headings.
The headings, captions, and arrangements used in this Amendment are for convenience only and shall not affect the
interpretation of this Amendment.

 

Section 6.9 ENTIRE
AGREEMENT. THE CREDIT AGREEMENT, THIS AMENDMENT AND ALL OTHER INSTRUMENTS, DOCUMENTS AND AGREEMENTS EXECUTED AND
DELIVERED IN CONNECTION WITH THE CREDIT AGREEMENT OR THIS AMENDMENT EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES
HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL,
RELATING TO THIS AMENDMENT, AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO.

 

Section 6.10 INDEMNIFICATION
OF BANK. EACH OF THE LOAN PARTIES HEREBY AGREES TO INDEMNIFY BANK AND EACH AFFILIATE THEREOF AND THEIR RESPECTIVE
OFFICERS, DIRECTORS, SHAREHOLDERS, EMPLOYEES, ATTORNEYS, AFFILIATES, AND AGENTS (COLLECTIVELY, “RELEASED
PARTIES”) FROM, AND HOLD EACH OF THEM HARMLESS AGAINST, ANY AND ALL LOSSES, LIABILITIES, CLAIMS, DAMAGES,
PENALTIES, JUDGMENTS, DISBURSEMENTS, COSTS, AND EXPENSES (INCLUDING ATTORNEYS’ FEES) TO WHICH ANY OF THEM MAY BECOME
SUBJECT WHICH DIRECTLY OR INDIRECTLY ARISE FROM OR RELATE TO (a) ANY AND ALL FAILURES BY SUCH LOAN PARTY TO COMPLY WITH
ITS AGREEMENTS CONTAINED IN THE LOAN DOCUMENTS, (b) THE NEGOTIATION, EXECUTION, DELIVERY, PERFORMANCE, ADMINISTRATION,
OR ENFORCEMENT OF ANY OF THE LOAN DOCUMENTS PRIOR TO THE DATE HEREOF, (c) ANY OF THE TRANSACTIONS CONTEMPLATED BY THE
LOAN DOCUMENTS PRIOR TO THE DATE HEREOF, (d) ANY BREACH PRIOR TO THE DATE HEREOF BY SUCH LOAN PARTY OR SUMMIT OF ANY
REPRESENTATION, WARRANTY, COVENANT, OR OTHER AGREEMENT CONTAINED IN ANY OF THE LOAN DOCUMENTS OR (e) ANY INVESTIGATION,
LITIGATION, OR OTHER PROCEEDING, INCLUDING, WITHOUT LIMITATION, ANY THREATENED INVESTIGATION, LITIGATION, OR OTHER PROCEEDING
RELATING TO ANY OF THE FOREGOING (COLLECTIVELY, “RELEASED CLAIMS”). WITHOUT LIMITING ANY PROVISION OF THIS
AMENDMENT, IT IS THE EXPRESS INTENTION OF THE PARTIES HERETO THAT EACH PERSON TO BE INDEMNIFIED UNDER THIS SECTION SHALL BE
INDEMNIFIED FROM AND HELD HARMLESS AGAINST ANY AND ALL LOSSES, LIABILITIES, CLAIMS, DAMAGES, PENALTIES, JUDGMENTS,
DISBURSEMENTS, COSTS, AND EXPENSES (INCLUDING ATTORNEYS’ FEES) ARISING OUT OF OR RESULTING FROM THE SOLE OR
CONTRIBUTORY NEGLIGENCE OF SUCH PERSON; PROVIDED, HOWEVER, NO PERSON SHALL BE INDEMNIFIED HEREUNDER FOR ITS OWN GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT.

 

    Fifth Amendment to Loan Documents – Page 7

     

    

 

Section 6.11 WAIVER
AND RELEASE. TO INDUCE BANK TO AGREE TO THE TERMS OF THIS AMENDMENT, EACH OF THE LOAN PARTIES REPRESENTS AND WARRANTS
THAT AS OF THE DATE OF THIS AMENDMENT IT OR HE HAS NO CLAIMS AGAINST RELEASED PARTIES AND IN ACCORDANCE THEREWITH IT:

 

(a) WAIVER.
WAIVES ANY AND ALL SUCH CLAIMS, WHETHER KNOWN OR UNKNOWN, ARISING PRIOR TO THE DATE OF THIS AMENDMENT; AND

 

(b) RELEASE.
RELEASES, ACQUITS AND FOREVER DISCHARGES RELEASED PARTIES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE STATE AND FEDERAL
LAW, FROM ANY AND ALL OBLIGATIONS, INDEBTEDNESS, LIABILITIES, CLAIMS, COUNTERCLAIMS, CONTROVERSIES, COSTS, DEBTS, SUMS OF
MONEY, ACCOUNTS, BONDS, BILLS, RIGHTS, CAUSES OF ACTION OR DEMANDS WHATSOEVER, WHETHER KNOWN OR UNKNOWN, SUSPECTED OR
UNSUSPECTED, IN LAW OR EQUITY, WHICH SUCH LOAN PARTY EVER HAD, NOW HAS, CLAIMS TO HAVE OR MAY HAVE AGAINST ANY RELEASED PARTY
ARISING PRIOR TO THE DATE HEREOF AND FROM OR IN CONNECTION WITH THIS AMENDMENT, THE LOAN DOCUMENTS OR THE TRANSACTIONS
DIRECTLY OR INDIRECTLY CONTEMPLATED THEREBY.

 

Section 6.12 COVENANT
NOT TO SUE. EACH OF THE LOAN PARTIES FURTHER COVENANTS NOT TO SUE THE RELEASED PARTIES ON ACCOUNT OF ANY OF THE RELEASED
CLAIMS, AND EXPRESSLY WAIVES ANY AND ALL DEFENSES IT OR HE MAY HAVE IN CONNECTION WITH ITS OR HIS OBLIGATIONS UNDER THIS
AMENDMENT OR THE OTHER LOAN DOCUMENTS. THIS SECTION IS IN ADDITION TO AND SHALL NOT IN ANY WAY LIMIT ANY OTHER RELEASE,
COVENANT NOT TO SUE, OR WAIVER BY SUCH LOAN PARTY IN FAVOR OF THE RELEASED PARTIES.

 

[Remainder of Page Intentionally Left Blank.
Signature Pages Follow.]

 

    Fifth Amendment to Loan Documents – Page 8

     

    

 

Executed as of the
date first written above.

 

	 	BORROWER:
	 	 
	 	Stratos Management Systems, Inc. (f/k/a Tango Merger Sub Corp.) and
	 	 	 	 
	 	By:	/s/ Thomas H. King

	 	 	Name: 	Thomas H. King
	 	 	Title:	Treasurer & Secretary

	 	 	 	 
	 	American Virtual Cloud Technologies, Inc.
	 	(f/k/a Pensare Acquisition Corp.)
	 	 	 	 
	 	By:	/s/ Thomas H. King
	 	 	Name:	Thomas H. King
	 	 	Title:	Chief Financial Officer

	 	 	 	 
	 	GUARANTORS:
	 	 	 	 
	 	COMPUTEX, INC.
	 	FIRST BYTE COMPUTERS, INC.
	 	eNETsolutions, L.L.C.
	 	 	 	 
	 	By:	/s/ Thomas H. King
	 	 	Name:	Thomas H. King
	 	 	Title:	Treasurer & Secretary
	 	 	 	of each entity listed above
	 	 	 	 
	 	BANK:
	 	 
	 	COMERICA BANK
	 	 	 	 
	 	By:	/s/ Chris D. Reed

	 	 	Chris D. Reed
	 	 	Vice President

 

 

 

Fifth Amendment to Loan Documents – Signature
Page

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}]]