Document:

Document

Exhibit 10.2

B. RILEY COMMERCIAL CAPITAL, LLC
11100 Santa Monica Blvd., Ste 800 Los Angeles, California 90025

Dated: December 29, 2022
Effective as of December 20, 2022

Greenidge Generation Holdings Inc. 135 Rennell Drive, 3rd Floor Fairfield, CT 06890
Attention: General Counsel

Re:    Amended and Restated Bridge Promissory Note – Waiver and Acknowledgement Letter (this “Letter”)

Ladies and Gentlemen:

Reference is hereby made to that certain Amended and Restated Bridge Promissory Note, with an amendment and restatement dated of August 10, 2022 (as amended, restated, supplemented, or otherwise modified from time to time, the “Note”), issued by Greenidge Generation Holdings Inc., a Delaware corporation (the “Borrower”) in favor of B. Riley Commercial Capital, LLC (“BRCC”) or its assigns. Capitalized terms used in this Letter without definition shall have the meanings ascribed to such terms in the Note.

Subject to the terms and conditions herein BRCC hereby waives, on a one-time basis, the Event of Default caused by the failure of the Borrower to make December 20, 2022 payment of principal and interest required pursuant to Section 3.1(b) of the Note (the “December Payment”). The foregoing waiver is effective to the earlier of January 16, 2023 or the date that the Borrower and BRCC enter into a mutually satisfactory amendment to the Note (the “Amendment”) addressing, among other things, future amortization requirements under the Note. For the avoidance of doubt, the foregoing accommodation to Borrower shall in no way affect the Borrower’s obligations to make the December Payment, as well as the January 20, 2023 and subsequent monthly payments pursuant to Section 3.1(b) of the Note in the event the Amendment is not mutually executed by the Borrower and BRCC by January 16, 2023, and in such event, the December Payment shall be due and payable on January 16, 2023.

In consideration of, among other things, the waiver and acknowledgment contained herein, and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Borrower (for itself and on behalf of its equity holders, directors, members, managers, officers, employees, affiliates, successors and assigns, collectively, the “Releasing Parties”) hereby unconditionally, irrevocably and forever remises, releases, acquits, satisfies and discharges BRCC and its officers, employees, directors, equity holders, subsidiaries, successors, assigns, affiliates, agents and attorneys (collectively, the “B. Riley Parties”) of and from any and all claims, cross-claims, counterclaims, demands, liabilities, disputes, damages, suits, proceedings, controversies, penalties, fees, costs, expenses, actions and causes of action (whether at law or in equity) and obligations of every nature whatsoever, whether liquidated or unliquidated, known or unknown, past or present, asserted or unasserted, matured or unmatured, fixed or contingent that Releasing Parties ever had, now has, against or seek from any or all of the B. Riley Parties, which arise from or relate to the Note or any other Loan Document and the transactions relating thereto, and any actions,

DM3\9328321.1

Exhibit 10.2

omissions, conditions, events or circumstances relating to any of the foregoing, other than for any B. Riley Party’s gross negligence or willful misconduct as determined by a final non-appealable judgment by a court of competent jurisdiction. Borrower (for itself and on behalf of the other Releasing Parties) acknowledges that BRCC is specifically relying upon the representations, warranties and agreements contained herein and that such representations, warranties and agreements constitute a material inducement to BRCC in entering into this Letter. Borrower (for itself and on behalf of the other Releasing Parties) acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. To the furthest extent permitted by applicable law, Borrower (for itself and on behalf of the other Releasing Parties) hereby knowingly, voluntarily, intentionally and expressly waives and relinquishes any and all rights and benefits that it respectively may have as against the B. Riley Parties under any law, rule or regulation of any jurisdiction that would or could have the effect of limiting the extent to which a general release extends to claims which a B. Riley Party or Releasing Party does not know or suspect to exist as of the date hereof. Borrower (for itself and on behalf of the Releasing Parties) hereby acknowledges that the waiver set forth in the prior sentence was separately bargained for and that such waiver is an essential term and condition of this Letter (and without which the waiver and acknowledgments herein would not have been agreed to by BRCC).

The foregoing waiver and acknowledgement to the Note is expressly limited as herein provided. By acknowledging where indicated below, Borrower hereby confirms that but for the waiver herein, the Note, is and shall continue to be in full force and effect and is hereby ratified and confirmed in all respects. The waiver and acknowledgment contained herein shall not be construed as a waiver or amendment of any other provision of the Note for any purpose except as expressly set forth herein or a consent to any further or future action on the part of BRCC.

Section 13 of the Note is incorporated herein mutandis mutatis.

This Letter may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same agreement. Delivery of an executed counterpart of this Letter by electronic method of transmission shall be equally effective as delivery of an original executed counterpart of this Letter but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and the binding effect of this Letter.

[Remainder of Page Intentionally Left Blank]
			
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	DM3\9328321.1

Exhibit 10.2

DocuSign Envelope ID: 2382CA32-279A-4337-B7E6-816462C62F26

If you are in agreement with the foregoing, please indicate acceptance of the terms hereof by signing the enclosed counterpart of this Waiver and Acknowledgment Letter and returning it to BRCC.

Sincerely,

B. RILEY COMMERCIAL CAPITAL, LLC

By:     /s/ Phil Ahn     Name: Phil Ahn
Title: CFO

Agreed and accepted as of the date first written above:

GREENIDGE GENERATION HOLDINGS INC.

By:     /s/ David Anderson     Name: David Anderson
Title: CEO
			
	[Waiver and Acknowledgment Letter]Exhibit
10.1

 

TRANSITION SERVICES AGREEMENT

 

This Transition Services
Agreement (“Agreement”), effective as of December 31, 2022 (the “Effective Date”), is made by and
between John L. Killea (“Employee”) and Stewart Information Services Corporation, a Delaware corporation (the “Company”)
(collectively, the “Parties”).

 

WHEREAS, the Company
and Employee entered into that certain Amended and Restated Employment Agreement dated November 6, 2017 (the “Employment Agreement”);
and

 

WHEREAS, Employee
expressed to the Company and its Board of Directors (the “Board”) his desire to retire from his position as Chief Legal
Officer and Chief Compliance Officer of the Company, which retirement shall be governed by the Company’s Executive Voluntary Retirement
Plan (the “Plan”); and

 

WHEREAS, the Company,
through the Board, has authorized a succession plan whereby Employee will transition into an advisory role to the Company prior to fully
retiring and separating from the Company.

 

1.            Resignation
from Employment as Chief Legal Officer and Chief Compliance Officer; Continued Employment. Employee shall resign from his
position as Chief Legal Officer and Chief Compliance Officer of the Company as of the Effective Date. The foregoing notwithstanding,
the Company desires to continue to employ Employee in a full-time position as Senior Advisor to the Company’s Chief Legal
Officer through March 31, 2023, unless extended by mutual agreement by both Parties. While employed by the Company as Senior
Advisor, Employee shall in good faith perform such duties as necessary for the transition of his duties to his successor as well as
any other duties as reasonably requested by the Company’s Chief Legal Officer. Employee acknowledges and agrees that his
change in position and subsequent retirement from the Company shall not constitute a Termination without Cause, Resignation for Good
Reason, or any other termination of employment so as to be entitled to any Separation Pay, as defined in the Employment
Agreement.

 

2.           
Compensation. As of the Effective Date, the Company shall pay Employee $25,000 per month for performance of services and he shall
continue to participate in the Company’s welfare benefit plans. For periods commencing on and after January 1, 2023, Employee shall
not be entitled to, shall not receive, and hereby forfeits any right to, long-term incentive compensation as set forth in Section 4.2
of the Employment Agreement. In exchange for Employee’s forfeiture of his right to receive such long-term incentive compensation,
and subject to Employee’s performance of services through March 31, 2023, the Company shall amend Employee’s outstanding stock
option awards to permit an extended exercise period through March 31, 2028.

 

3.            Employment
Agreement Amended. Employee and the Company hereby agree that this Agreement shall be deemed to amend the Employment Agreement
regarding the subject matter hereof. All other terms as set forth in the Employment Agreement, including those as relating to
Confidentiality and Company Property, Non-competition, and Non-solicitation obligations as set forth in Section 5 of the Employment
Agreement, shall remain unchanged. Nothing in this Agreement shall be deemed to limit Employee’s right to receive benefits
under the Plan upon his retirement during 2023, provided, however, that for purposes of determining salary continuation payments
under Section V(b)(i) of the Plan and the short-term incentive bonus target amount payment under Section V(b)(ii) of the Plan, such
determination shall be made based on Employee’s base salary and short-term incentive bonus target for the calendar year ending
December 31, 2022. In addition, in the event Employee dies during the period between January 1, 2023 and March 31, 2023, Employee
shall be treated for all purposes under the Plan as if he had voluntarily retired on the day immediately preceding his date of death
and any amounts payable under the Plan shall be paid to Employee’s estate.

 

     

     

    

 

4. Waivers and
Amendments. This Agreement may be amended, superseded, canceled, renewed or extended, and the terms and conditions hereof may be waived,
only by a written instrument signed by the parties or, in the case of a waiver, by the party waiving compliance. No delay on the part
of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any waiver on the part
of any party of any such right, power or privilege hereunder, nor any single or partial exercise of any right, power or privilege hereunder,
preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder.

 

5.           
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas (without giving
effect to the choice of law provisions thereof) and disputes settled in arbitration in Houston, Texas.

 

6.           
Assignment. This Agreement, and any rights and obligations hereunder, may not be assigned by Employee and may be assigned by the
Company only to a successor by merger or purchasers of substantially all of the assets of the Company or its affiliates.

 

7.           
Counterparts. This Agreement may be executed in separate counterparts, each of which when so executed and delivered shall be deemed
an original, but all of which together shall constitute one and the same instrument.

 

8.           
Headings. The headings in this Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation
of this Agreement.

 

Agreed to
and executed on this 28th day of December, 2022.

 

	 	By:	/s/ John L. Killea
	 	 	John L. Killea

 

    2

     

    

 

Agreed to
and executed on this 27th day of December, 2022.

 

	 	STEWART INFORMATION SERVICES CORPORATION
	 	 	 
	 	By:	/s/ Frederick
H. Eppinger
	 	 	Frederick
H. Eppinger, Chief Executive Officer

 

    3

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