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 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:

    
	 	[—]1

	SSN/EIN:	 	 

 

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 

TRANSITION SERVICES AGREEMENT 

This TRANSITION SERVICES AGREEMENT (this “Agreement”) is entered into as of [•], by and between Crane NXT, Co., a
Delaware corporation (“Crane NXT”) and Crane Company, a Delaware corporation (“Crane Company”) (each a “Party” and together, the “Parties”). All capitalized terms used but not
defined in this Agreement shall have the meanings assigned to them in the Separation and Distribution Agreement (defined below). 

RECITALS 
 WHEREAS,
Crane Holdings Co. (now known as Crane NXT, Co.) and Crane Company have entered into that certain Separation and Distribution Agreement, dated as of [•] (the “Separation and Distribution Agreement”), pursuant to which, in
accordance with the Internal Reorganization, Crane Holdings Co. was separated into two separate, independent, publicly-traded companies: (i) one comprising the P&M Technologies Business, which continues to be owned and conducted, directly
or indirectly, by Crane NXT (formerly known as Crane Holdings Co.); and (ii) one comprising the Other Businesses, which is owned and conducted directly or indirectly by Crane Company, all of the common stock of which was distributed to the
Crane Holdings Co. stockholders; in each of the foregoing, all on the terms and conditions set forth in the Separation and Distribution Agreement; and 

WHEREAS, in connection with the transactions contemplated by the Separation and Distribution Agreement, Crane Company agreed to provide
to Crane NXT certain services during a transition period commencing as of the Effective Time, on the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the premises, and of the representations, warranties, covenants and agreements set forth herein and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS & INTERPRETATION 

Section 1.1 General. As used in this Agreement, the following terms shall have the meanings set forth in the following Sections. All capitalized
terms used but not defined in this Agreement shall have the meanings assigned to them in the Separation and Distribution Agreement. 
  

							
				
	“Additional Services”	  	Section 2.1(d)	  	 “Personnel”
	  	Section 3.5(a)
				
	“Agreement”	  	Preamble	  	 “Project Manager”
	  	Section 2.5(a)
				
	“Crane Company”	  	Preamble	  	 “Reference Period”
	  	Section 2.1(d)
				
	“Crane NXT”	  	Preamble	  	 “Schedule” and “Schedules”
	  	Section 2.1(a)
				
	“Delaware Courts”	  	Section 8.15(b)	  	 “Service” and “Services”
	  	Section 2.1(a)
				
	“Fees”	  	Section 3.2(a)	  	 “Service Period”
	  	Section 4.1
				
	“Force Majeure Events”	  	Section 5.1	  	 “Service Provider” and “Service Providers”
	  	Section 2.1(a)
				
	“Indemnified Parties”	  	Section 6.3(a)	  	 “Service Recipient” and “Service Recipients”
	  	Section 2.1(a)
				
	“Indemnifying Party”	  	Section 6.3(a)	  	 “Separation and Distribution Agreement”
	  	Recitals
				
	“Networks”	  	Section 3.5(a)	  	 “Term”
	  	Section 4.1
				
	“Party” and “Parties”	  	Preamble	  		  	

 ARTICLE II 

AGREEMENT TO PROVIDE AND ACCEPT SERVICES 

Section 2.1 Provision of Services. 

(a) On the terms and subject to the conditions contained in this Agreement and on the schedules hereto (each a “Schedule” and
collectively, the “Schedules”), Crane Company shall provide, or shall cause its Affiliates or Third Parties designated by it (such designated Affiliates and Third Parties, together with Crane Company, in its role as a service
provider, referred to, each individually, as a “Service Provider” and, collectively, as the “Service Providers”) to provide to the Crane NXT Group (the members of such group in their role as a service recipient
referred to, each individually, as a “Service Recipient” and, collectively, as the “Service Recipients”) the services set forth on Schedules 1-[•]
(each a “Service” and collectively, the “Services”). 
 (b) Crane Company, in its role as Service Provider,
shall make, in its sole discretion, any decisions as to which of the Service Providers (including the decisions to use Third Parties as designee Service Providers) shall provide each of the Services; provided, that Crane Company shall remain
liable for the acts and omissions of Services Providers designated by it in relation to provision of Services under, and compliance with, this Agreement. 

(c) Each Service shall be provided in exchange for the consideration for the applicable Fee. 

(d) If, within ninety (90) days following the Effective Time, a Service Recipient identifies a service that a Service Provider provided to
it at any time during the twelve (12) month period prior to the Effective Time (the “Reference Period”), and such service (i) is not required to be provided to Service Recipient under Schedules 1-[•] or any other Ancillary Agreements, and (ii) is reasonably required by the Service Recipient in order to continue to operate the P&M Technologies Business, in substantially the
same manner in which the P&M Technologies Business was operated prior to the Effective Time, the Service Recipient may request that the Service Provider provide, or cause to be provided, such requested services (such additional service, an
“Additional Service”). The Service Provider shall negotiate with the Service Recipient in good faith to provide, or to cause to be provided, such requested Additional Service on commercially reasonable terms consistent with the
principles (including calculation methodology for applicable Fees) underlying the service terms of the Services. In the event that the Parties reach an agreement with respect to providing such Additional Services, the Parties shall amend the
applicable Schedules in writing to include such Additional Services (including the incremental Fees and service period with respect to such Additional Services), and such Additional Services shall be deemed Services under this Agreement from the
date of such amendment. 

  
 2 

 Section 2.2 Reliance. The Service Providers shall be entitled to rely upon the genuineness,
validity or truthfulness of any document, instrument or other writing presented by the Service Recipients in connection with this Agreement. No Service Provider shall be liable for any impairment of any Service to the extent caused by its not
receiving information, either timely or at all, or by its receiving inaccurate or incomplete information from the Service Recipients that is required or reasonably requested regarding that Service, provided that the Service Provider has notified the
Service Recipient of the inadequacy of the information (solely to the extent the Service Provider has actual knowledge of such inadequacy) and used commercially reasonable efforts to provide such Service despite such inadequacy. 

Section 2.3 Cooperation. 
 (a) The
Service Providers and the Service Recipients shall, and shall cause their respective Affiliates to, cooperate with each other in all reasonable respects in matters relating to the provision and receipt of the Services. 

(b) The applicable Service Recipient shall (i) make available on a timely basis to the Service Providers all information and materials
reasonably requested by such Service Providers to enable such Service Providers to provide the applicable Services, and (ii) provide to the Service Providers reasonable access to the premises of the applicable Service Recipient and any of its
Affiliates to the extent necessary for such Service Providers to provide the applicable Services to the Service Recipient; provided, that such access shall be subject to the Service Recipient’s reasonable and applicable policies and
procedures that are provided to the applicable Service Provider in advance. 
 Section 2.4 Disclaimer of Warranty. 

(a) EACH OF CRANE NXT (ON BEHALF OF ITSELF AND EACH OTHER MEMBER OF THE CRANE NXT GROUP) AND CRANE COMPANY (ON BEHALF OF ITSELF AND EACH OTHER
MEMBER OF THE CRANE COMPANY GROUP) UNDERSTANDS AND AGREES THAT, EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, NEITHER OF THE PARTIES MAKES ANY REPRESENTATIONS OR WARRANTIES IN ANY WAY, AND HEREBY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES
(EXPRESS OR IMPLIED, INCLUDING WITH REGARD TO QUALITY, PERFORMANCE, NON-INFRINGEMENT, ENFORCEABILITY, NON-DILUTION, VALIDITY, OR COMMERCIAL UTILITY), AS TO THE SERVICES
CONTEMPLATED HEREBY, AS TO ANY CONSENTS OR GOVERNMENTAL APPROVALS REQUIRED IN CONNECTION HEREWITH, OR ANY OTHER MATTER CONCERNING ANY ASSETS OR BUSINESS OF SUCH PARTY. ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE, AND ALL
OTHER WARRANTIES ARISING UNDER THE UNIFORM COMMERCIAL CODE (OR SIMILAR FOREIGN LAWS), ARE HEREBY DISCLAIMED. 

  
 3 

 (b) Each of Crane NXT (on behalf of itself and each member of the Crane NXT Group) and Crane
Company (on behalf of itself and each member of the Crane Company Group) further understands and agrees that if: (i) the disclaimer of express or implied representations and warranties contained in Section 2.4(a) is
held unenforceable or is unavailable for any reason under the Laws of any jurisdiction outside the United States; or (ii) under the Laws of a jurisdiction outside the United States, both Crane NXT or any member of the Crane NXT Group, on the
one hand, and Crane Company or any member of the Crane Company Group, on the other hand, are jointly or severally liable for any Crane NXT Liability or any Crane Company Liability, respectively; then the Parties intend and agree that,
notwithstanding any Law or provision to the contrary under the Laws of such applicable foreign jurisdictions, the provisions of this Agreement (including the disclaimer of all representations and warranties, allocation of Liabilities among the
Parties and their respective Affiliates, releases, indemnification and contribution of Liabilities) shall prevail for any and all purposes among the Parties and their respective Affiliates. 

Section 2.5 Governance. 
 (a) Each
Party shall designate an individual to serve as a project manager for such Party (a “Project Manager”). The Project Manager for each Party shall facilitate
day-to-day communications and orderly provision and receipt of the Services under and in accordance with this Agreement. Each Party must promptly designate a replacement
Project Manager in the event that its Project Manager is no longer employed by a Party or is unable to continue his or her role as a Project Manager. 

Section 2.6 Personnel. The Service Provider shall have the right to determine the personnel, assets, and other resources used to provide the
Services, as well as the manner in which Service Provider provides the Services. The Service Recipients shall comply with all applicable Laws in connection with its receipt of the Services. 

ARTICLE III 
 TERMS
AND CONDITIONS; PAYMENT 
 Section 3.1 Terms and Conditions of Services. 

(a) Unless otherwise agreed by the Parties in writing, (i) the Service Providers shall be required to perform the Services using
substantially the same quality, efficiency and standard of care as used in performing such Services during the Reference Period, and (ii) the Services shall be used by the Service Recipients for substantially the same purposes and in
substantially the same time, place and manner as the Services have been used during the Reference Period; provided, however, that in no event shall the scope of any of the Services required to be performed hereunder exceed that
described on the applicable Schedule. Each Party shall comply with all Laws applicable to the provision and receipt of Services pursuant to this Agreement. In no event shall any Service Provider be required to provide any Service that it reasonably
believes does not comply with applicable Law; provided, that Service Provider shall promptly notify Service Recipient of any such Service that it reasonably believes does not comply with applicable Law, and the Parties shall work together to
agree upon and implement a commercially reasonable alternative arrangement to provide Service Recipient the intended benefit of the relevant Services in a manner that complies with applicable Law (with all costs associated with implementing and
providing such reasonable alternative arrangement to be borne by the Service Recipient). EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THE PARTIES AGREE THAT THE SERVICE PROVIDERS SHALL NOT OWE ANY FIDUCIARY OR OTHER DUTIES (INCLUDING ANY DUTY OF
LOYALTY OR DUTY OF CARE) TO THE SERVICE RECIPIENTS IN CONNECTION WITH THE PERFORMANCE OF THE SERVICES TO THE MAXIMUM EXTENT PERMITTED BY LAW. 

  
 4 

 (b) Notwithstanding anything to the contrary in this Agreement, Service Recipient
acknowledges that the Service Provider may be providing services similar to the Services it provides for itself and its Affiliates, and the Service Provider reserves the right to modify the Services to the extent such modifications (i) are
applicable to all other recipients of the Services or services similar to the Services or (ii) are reasonably necessary to comply with applicable Law or requirements of Governmental Authorities; provided, that the Service Provider shall
provide substantially the same advance notice of such modifications to the Service Recipient as the Service Provider provides to its Affiliates (to the extent legally permissible). 

(c) The Service Recipients acknowledge that the Services provided hereunder are transitional in nature and are furnished by the Service
Providers for the purpose of facilitating the transactions contemplated by the Separation and Distribution Agreement. The Service Recipients further acknowledge that the Service Providers are not in the business of providing Services to third
parties and will not provide the Services beyond the Term (or the applicable Service Period). The Service Recipients agree to transition to their own internal organization or other third party service providers the provision of each of the Services
as promptly as reasonably practicable, but in no case later than the expiration or termination of the Term (and the applicable Service Period). 

(d) Under no circumstances shall any Service Provider be obligated to provide any service requiring an opinion, advice or representation (e.g.,
legal opinions or advice, or tax opinions or advice). 
 (e) Any Service Provider shall have the right, consistent with practices immediately
prior to the Effective Time, to shut down temporarily for maintenance purposes the operation of the systems or facilities providing any Service whenever, in such Service Provider’s discretion, such action is necessary; provided, that
such Service Provider shall provide written notice of any such shutdown to the Service Recipient as reasonably in advance of such shutdown as practicable. Such Service Provider shall be relieved of its obligations to provide the Services affected by
such shutdown during the period that its systems or facilities are so shut down but shall use reasonable efforts to minimize each period of shutdown. 

(f) Crane Company shall use commercially reasonable efforts to obtain any Consents from Third Parties that are necessary in order to provide
the Services, and upon request by Crane Company, the Service Recipients shall use commercially reasonable efforts to cooperate with Crane Company in furtherance of the foregoing. If any such Consent is not obtained, the Service Providers shall not
be required to provide such Services but the Parties shall work together to agree upon and implement a commercially reasonable alternative arrangement to provide Service Recipient the intended benefit of the relevant Services. All costs associated
with obtaining such Consents (including any amounts required to be paid to any Third Party for such Consent) shall be borne one-half each by Crane NXT and Crane Company; provided that Crane NXT shall
have the right to instruct Crane Company to not pay for any such Consent, in which case the Service Providers shall have no obligation to provide any Service for which such Consent is required. All costs associated with implementing and providing a
reasonable alternative arrangement shall be borne by Crane NXT. 

  
 5 

 Section 3.2 Payments. 

(a) Each month, Crane Company shall deliver a statement to the Service Recipients for Services provided to the Service Recipients during the
preceding month, and each such statement shall set forth a brief description of each such Service and the amounts charged for such Service based on the consideration set forth for such Service in the applicable Schedule, and as otherwise agreed by
the Parties in writing (collectively, the “Fees”), as well as any Taxes, duties, imposts, charges, fees or other levies due and owing in accordance with Section 3.3. The aggregate of such amounts shall be
due and payable by the Service Recipient within thirty (30) days after the date of receipt of such statement. 
 (b) At Crane
Company’s option, any or all of its designee Service Providers may individually invoice a Service Recipient for the Services that such designee Service Provider has provided during the preceding month to such Service Recipient. Any amounts so
invoiced by a designee Service Provider shall not be included on any invoice delivered by Crane Company. 
 (c) All invoices shall be
denominated and paid in U.S. dollars unless (a) the Service Recipient had, during the Reference Date, been invoiced or paid for such Services in a different currency or (b) otherwise indicated on the applicable Schedule, in which case such
invoices shall be denominated and paid in such different currency. 
 (d) At the Service Recipient’s request, Crane Company will provide
reasonably detailed supporting documentation for the Fees invoiced to the Service Recipient hereunder and will respond promptly to any questions that the Service Recipient may have regarding such documentation and the related Fees. In the event that
the Service Recipient disputes any Fees invoiced hereunder, such Disputes shall be handled in accordance with Section 8.15. 

Section 3.3 Taxes. 
 (a) Except as
expressly noted therein, the amounts set forth on the Schedules as the applicable consideration with respect to each Service do not include any Taxes, duties, imposts, charges, fees or other levies of whatever nature assessed on the provision of the
Services. All Taxes, duties, imposts, charges, fees or other levies imposed by applicable Law assessed on the provision of the Services (other than income taxes payable by a Service Provider on the Fees received hereunder) shall be the
responsibility of the Service Recipients in addition to the Fees payable by such Service Recipients in accordance with Section 3.2. The Service Recipients shall promptly reimburse the Service Providers for any Taxes,
duties, imposts, charges, fees or other levies (other than income taxes payable by a Service Provider on the Fees received hereunder) imposed on the Service Providers or which the Service Providers shall have any obligation to collect with respect
to or relating to this Agreement or the performance by a Service Provider of its obligations hereunder, along with interest and penalties related thereto to the extent such interest or penalties are related to the actions or inactions of the Service
Recipients. Such reimbursement shall be in addition to the amounts required to be paid as set forth on the applicable Schedule and shall be made in accordance with Section 3.2. The Service Recipients and Service Providers
agree to reasonably cooperate (i) to provide exemption certificates where available (and otherwise to take any action reasonably requested by the other Party in order to minimize any Taxes imposed on the sale of the Services) and (ii) to
calculate any applicable sales and use Taxes and to make payment thereof directly to the appropriate taxing authority. 

  
 6 

 (b) All payments by the Service Recipients under this Agreement shall be made without set-off and without any deduction or withholding for any Taxes, duties, imposts, charges or fees or other levies, unless the obligation to make such deduction or withholding is imposed by Law. The Service Providers
shall reasonably cooperate with the Service Recipients to determine whether any such deduction or withholding applies to the payments hereunder, and if so, shall further reasonably cooperate to minimize applicable deduction or withholding. 

Section 3.4 Use of Services. The Service Recipients shall not resell any Services to any Person whatsoever or permit the use of the Services by
any Person other than in connection with the conduct of the operations of the P&M Technologies Business. 
 Section 3.5 Network Access. 

(a) The Service Provider may provide the Service Recipients with access to the Service Provider’s or its Affiliates’ computer
hardware, computer software and information technology systems, including the data they contain (collectively, “Networks”) via a secure method selected by the Service Provider. The Service Recipients shall only use (and will ensure
that their employees, agents and subcontractors (collectively, “Personnel”) only use), and shall only have access to, the Networks for the purpose of receiving, and only to the extent required to receive, the Services. The Service
Recipients shall not permit their Personnel to use or have access to the Networks except to the extent that (i) such Personnel (or such Personnel’s functional equivalent) had access to the Networks prior to the Effective Time, or
(ii) the Service Provider has given prior written approval for such access. 
 (b) The Service Recipients shall cause all of the Service
Recipients’ Personnel having access to the Networks in connection with receipt of a Service to comply with all security guidelines (including physical security, network access, internet security, confidentiality and personal data security
guidelines) of the Service Provider which the Service Provider provides or makes available to the Service Recipients. 
 (c) The Service
Recipients shall not, and shall cause their Personnel not to: (i) use the Networks to develop software, process data or perform any work or services other than for the purpose of receiving the Services; (ii) break, interrupt, circumvent,
adversely affect or attempt to break, interrupt, circumvent or adversely affect any security system or measure of the Service Provider; (iii) obtain, or attempt to obtain, access to any hardware, software or data stored in the Networks except
to the extent necessary to receive the Services; or (iv) use, disclose or give access to any part of the Networks to any Third Party, other than their agents and subcontractors authorized by the Service Provider in accordance with this
Section 3.5. All user identification numbers and passwords for the Networks disclosed to the Service Recipients, and any information obtained from the use of the Networks, shall be deemed Confidential Information of the
Service Provider for purposes of Section 8.1. 

  
 7 

 (d) If a Service Recipient or its Personnel breach any provision of this
Section 3.5, such Service Recipient shall promptly notify the Service Provider of such breach and cooperate as requested by such Service Provider in any investigation and mitigation of such breach. 

Section 3.6 Intellectual Property. The Service Recipients acknowledge that they will not acquire any right, title or interest (including any
license rights or rights of use) in any Intellectual Property that is owned or licensed by any Service Provider or created by or for any Service Provider under this Agreement or by reason of the provision of the Services provided under this
Agreement. 
 ARTICLE IV 

TERM OF SERVICES 
 Section 4.1
Term of Services; Early Termination of Services. The provision of Services shall commence as of the Effective Time and shall continue until the date indicated for each such Service on the applicable Schedule unless terminated earlier pursuant
to Section 4.2 or ARTICLE VII or extended pursuant to Section 4.3 (the “Service Period”). This Agreement shall be effective as of the Effective Time and terminate upon the
termination or expiration of all Service Periods, unless earlier terminated in accordance with the terms hereof and, in any event, no later than eighteen (18) months after the Effective Time (the “Term”). 

Section 4.2 Early Termination of Services. Unless otherwise set forth in the applicable Schedule, any Service may be terminated prior to the end
of the applicable Service Period by the Service Recipient upon not less than thirty (30) days’ prior written notice specifying the date termination is to be effective; provided, that the Service Recipients acknowledge and agree that
in the event that any Service is dependent on the Service being terminated, such dependent Service shall be automatically terminated simultaneously with the termination of the Service on which it is dependent. After any early termination of a
Service, the Service Provider shall have no obligation to reinstate such Service at a time subsequent to the effective date of such termination. 

Section 4.3 Extension of Services. The term indicated for each Service on the applicable Schedule may not be extended except to the extent
expressly set forth in such Schedule, as applicable. To the extent the applicable Schedule for a Service expressly permits extension of such Service, such Service may be extended by the Service Recipient upon written notice provided to the Service
Provider at least thirty (30) days prior to the end of the then-current term. 
 ARTICLE V 

FORCE MAJEURE 
 Section 5.1
Force Majeure. No Service Provider shall be liable for any loss or damages or other Liabilities whatsoever arising out of any interruption of Service or delay or failure to perform under this Agreement that is due to acts of God, acts of a
public enemy, acts of terrorism, acts of a nation or any state, territory, province or other political division thereof, fires, floods or other extreme weather event, epidemics, pandemics, riots, theft, quarantine restrictions, freight embargoes or
other similar causes beyond the reasonable control of such Service Provider (collectively, “Force Majeure Events”). In any such event, any affected Service Provider obligations under this Agreement shall be postponed for such time
as its performance is suspended 

  
 8 

 
or delayed on account of such Force Majeure Event. The Service Provider will promptly notify the Service Recipient, either orally or in writing, upon learning of the occurrence of such Force
Majeure Event. Upon the cessation of the Force Majeure Event, such Service Provider will use commercially reasonable efforts to resume its performance as soon as reasonably practicable. In the event that any Force Majeure Event prevents performance
of any Services in accordance with this Agreement for more than fifteen (15) consecutive days, the Service Recipient shall be entitled to terminate such Services upon notice to the Service Provider without payment of any additional fees, costs
or expenses in connection with such termination except for Fees for Services rendered prior to such Force Majeure Event. 
 ARTICLE VI

 LIABILITIES 

Section 6.1 Consequential and Other Damages. EXCEPT AS MAY BE AWARDED TO A THIRD PARTY IN CONNECTION WITH ANY THIRD PARTY CLAIM THAT IS SUBJECT TO
THE INDEMNIFICATION OBLIGATIONS IN Section 6.3, IN NO EVENT SHALL CRANE NXT, CRANE COMPANY OR THEIR RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES OR OTHER AGENTS BE LIABLE UNDER THIS AGREEMENT FOR ANY PUNITIVE,
EXEMPLARY, SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES OF ANY KIND OR NATURE, AND IN NO EVENT SHALL CRANE NXT, CRANE COMPANY OR THEIR RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES OR OTHER AGENTS BE LIABLE UNDER THIS AGREEMENT FOR
LOST PROFITS, OPPORTUNITY COSTS, DIMINUTION IN VALUE OR DAMAGES BASED UPON A MULTIPLE OF EARNINGS OR SIMILAR FINANCIAL MEASURE, EVEN IF UNDER APPLICABLE LAW SUCH LOST PROFITS, OPPORTUNITY COSTS, DIMINUTION IN VALUE, OR SUCH DAMAGES WOULD NOT BE
CONSIDERED CONSEQUENTIAL OR SPECIAL DAMAGES, AND EVEN IF THE APPLICABLE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 
 Section 6.2
Limitation of Liability. EXCEPT AS MAY BE AWARDED TO A THIRD PARTY IN CONNECTION WITH ANY THIRD PARTY CLAIM THAT IS SUBJECT TO THE INDEMNIFICATION OBLIGATIONS IN Section 6.3, CRANE COMPANY’S AND ITS
AFFILIATES’ LIABILITY WITH RESPECT TO ITS ROLE AS A SERVICE PROVIDER UNDER THIS AGREEMENT OR ANY ACT OR FAILURE TO ACT IN CONNECTION WITH ITS ROLE AS A SERVICE PROVIDER UNDER THIS AGREEMENT (INCLUDING THE PERFORMANCE OR BREACH HEREOF), OR FROM
THE SALE, DELIVERY, PROVISION OR USE OF ANY SERVICE PROVIDED UNDER OR COVERED BY THIS AGREEMENT, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE AND STRICT LIABILITY) OR OTHERWISE, SHALL NOT EXCEED THE AGGREGATE FEES ACTUALLY PAID TO CRANE COMPANY
AND ITS AFFILIATES PURSUANT TO THIS AGREEMENT. 
 Section 6.3 Indemnification. 

(a) Each Party (the “Indemnifying Party”) shall indemnify, defend, release, discharge and hold harmless the other Party and
its Affiliates and their respective current and former directors, officers, members, managers, representatives, employees and agents and each of the heirs, executors, successors and permitted assigns of any of the foregoing (collectively, the
“Indemnified Parties”) from and against all Indemnifiable Losses actually suffered or incurred by the Indemnified Parties to the extent relating to, arising out of or resulting from the Indemnifying Party’s material breach of
this Agreement, fraud or willful misconduct. 

  
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 (b) In the event that any claim or Proceeding is threatened in writing or commenced by a
Third Party involving a claim for which a Party may be required to provide indemnification pursuant to this Agreement, the indemnification procedures set forth in Section 6.4 of the Separation and Distribution Agreement hereby are incorporated
herein, mutatis mutandis. 
 ARTICLE VII 

TERMINATION 
 Section 7.1
Termination. 
 (a) Notwithstanding anything in this Agreement to the contrary, the obligation of any Service Provider to provide or
cause to be provided any Service shall cease on the earlier to occur of (i) the date on which the applicable Service Period is terminated or expires pursuant to ARTICLE IV, or (ii) the end of the Term (including in the event this
Agreement is terminated by any Party in accordance with the terms of Section 7.1(b). This Agreement shall terminate, and all provisions of this Agreement shall be of no further force and effect, except for the provisions
set forth in Section 7.3, on the date on which all Services under this Agreement have expired or been terminated. 

(b) Each Party shall have the right to terminate this Agreement at any time upon written notice to the other Party and pursue any remedies
available to it at law or in equity if (i) such other Party becomes insolvent or is adjudicated as bankrupt, or (ii) any action is taken by such other Party or by others against such other Party under any insolvency, bankruptcy or
reorganization act, or if such other Party makes an assignment for the benefit of creditors, or a receiver is appointed for such other Party. 

Section 7.2 Sums Due. In the event of a termination or expiration of this Agreement, the Service Providers shall be entitled to the payment of,
and the Service Recipients shall within thirty (30) days of receipt of an invoice therefor pay to the Service Providers, all accrued amounts for Services, Taxes and other amounts due under this Agreement as of the date of termination or
expiration. 
 Section 7.3 Effect of Termination. Section 2.4, Section 3.2,
Section 7.2, this Section 7.3, ARTICLE VI and ARTICLE VIII shall survive any termination or expiration of this Agreement. 

ARTICLE VIII 

MISCELLANEOUS 
 Section 8.1
Confidentiality. Section 7.5 of the Separation and Distribution Agreement shall govern the treatment of any Confidential Information disclosed under this Agreement. 

Section 8.2 Independent Contractor. Each of Crane NXT, Crane Company, the Service Providers and the Service Recipients shall be an independent
contractor in the performance of its respective obligations hereunder. Nothing in this Agreement shall create or be deemed to create a partnership, joint venture or a relationship of principal and agent or of employer and employee between Crane NXT
and Crane Company, or between any Service Provider and a Service Recipient. 

  
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 Section 8.3 Complete Agreement; Interpretation. This Agreement (including the Schedules attached
hereto), the Separation and Distribution Agreement and the other Ancillary Agreements (and the exhibits and schedules thereto) shall constitute the entire agreement between the Parties with respect to the subject matter hereof and thereof and shall
supersede all previous negotiations, commitments and writings with respect to such subject matter. In the event of any conflict between the terms and conditions of the body of this Agreement and the terms and conditions of any Schedule, the terms
and conditions of such Schedule shall control. Notwithstanding anything to the contrary in this Agreement, in the case of any conflict between the provisions of this Agreement and the provisions of the Separation and Distribution Agreement, the
provisions of the Separation and Distribution Agreement shall control, except with respect to the provision of support and other Services after the Effective Time by the Crane Company Group to the Crane NXT Group, in which case the provisions of
this Agreement shall control. Section 1.2 of the Separation and Distribution Agreement hereby is incorporated herein, mutatis mutandis. 

Section 8.4 Counterparts. This Agreement may be executed in more than one counterparts, all of which shall be considered one and the same
agreement, and shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to the other Parties. Execution of this Agreement or any other documents pursuant to this Agreement by facsimile, by e-mail in portable document format (.pdf) or other electronic copy of a signature shall be deemed to be, and shall have the same effect as, executed by an original signature. 

Section 8.5 Notices. All notices, requests, claims, demands and other communications under this Agreement, as between the Parties, shall be in
writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt unless the day of receipt is not a Business Day, in which case it shall be deemed to have been duly given or made on the next Business Day) by
delivery in person, by overnight courier service, by electronic e-mail with receipt confirmed (followed by delivery of an original via overnight courier service) or by registered or certified mail (postage
prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 8.5): 

If to Crane NXT: 

Crane NXT, Co. 

300 First Stamford Place 

Stamford, CT 06902 

Attn: General Counsel 

E-mail: [•] 

  
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 If to Crane Company: 

Crane Company 

100 First Stamford Place 

Stamford, CT 06902 

Attn: General Counsel 

E-mail: [•] 

Section 8.6 Waiver. 
 (a) Any
provision of this Agreement may be waived if, and only if, such waiver is in writing and signed by the Party against whom the waiver is to be effective. 

(b) No failure or delay by either Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any
single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 

Section 8.7 Modification or Amendment. This Agreement may only be amended, modified or supplemented, in whole or in part, in a writing signed on
behalf of each of the Parties in the same manner as this Agreement and which makes reference to this Agreement. 
 Section 8.8 No Assignment;
Binding Effect. This Agreement shall be binding upon, and shall inure to the benefit, of the Parties and their permitted successors and assigns. No Party to this Agreement may assign or delegate, by operation of law or otherwise, all or any
portion of its rights, obligations or liabilities under this Agreement without the prior written consent of the other Party, which such Party may withhold in its absolute discretion, except that (i) each Party may assign any or all of its
rights and interests hereunder to an Affiliate thereof and (ii) each Party may assign any of its obligations hereunder to an Affiliate thereof; provided, however, that such assignment shall not relieve such Party of any of its
obligations hereunder unless agreed to by the non-assigning Party, and any attempt to do so shall be ineffective and void ab initio. Subject to the preceding sentence, this Agreement is binding upon,
inures to the benefit of and is enforceable by the Parties and their respective successors and permitted assigns. 
 Section 8.9 No
Circumvention. The Parties agree not to directly or indirectly take any actions, act in concert with any Person who takes an action or cause or allow any member of any such Party’s Group to take any actions (including the failure to take a
reasonable action) such that the resulting effect is to materially undermine the effectiveness of any of the provisions of this Agreement, the Separation and Distribution Agreement or any other Ancillary Agreement (including adversely affecting the
rights or ability of any Party to successfully pursue indemnification, contribution or payment pursuant to Section 6.3). 

Section 8.10 Subsidiaries. Each of the Parties shall cause (or with respect to an Affiliate that is not a Subsidiary, shall use commercially
reasonable efforts to cause) to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary or Affiliate of such Party or by any Business Entity that becomes a
Subsidiary or Affiliate of such Party on and after the Effective Time. This Agreement is being entered into by Crane NXT and Crane Company on behalf of themselves and the members of their respective Groups (the Crane NXT Group and the Crane Company
Group). This Agreement shall 

  
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constitute a direct obligation of each such entity and shall be deemed to have been readopted and affirmed on behalf of any Business Entity that becomes an Affiliate of such Party on and after
the Effective Time. Either Party shall have the right, by giving notice to the other Party, to require that any Subsidiary of the other Party execute a counterpart to this Agreement to become bound by the provisions of this Agreement applicable to
such Subsidiary. 
 Section 8.11 Third Party Beneficiaries. Except as provided in Section 6.3 relating to Indemnified
Parties, this Agreement is solely for the benefit of each Party and its respective successors or permitted assigns, and it is not the intention of the Parties to confer third-party beneficiary rights upon any other Person, and should not be deemed
to confer upon any Third Party any remedy, claim, liability, reimbursement, Proceedings or other right in excess of those existing without reference to this Agreement. 

Section 8.12 Titles and Headings. Titles and headings to Sections and Articles are inserted for the convenience of reference only and are not
intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 Section 8.13 Schedules. The Schedules hereto shall be
construed with and be an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein. Nothing in the Schedules constitutes an admission of any liability or obligation of any member of the Crane NXT Group or
the Crane Company Group or any of their respective Affiliates to any Third Party, nor, with respect to any Third Party, an admission against the interests of any member of the Crane NXT Group or the Crane Company Group or any of their respective
Affiliates.  
 Section 8.14 Governing Law. This Agreement, and all actions, causes of action or claims of any kind (whether at law, in
equity, in contract, in tort, or otherwise) that may be related to, arising out of or resulting from this Agreement, or the negotiation, execution, or performance of this Agreement (including any action, cause of action or claim of any kind related
to, arising out of or resulting from any representation or warranty made in, in connection with or as an inducement to this Agreement) shall be governed by and construed in accordance with the law of the State of Delaware, irrespective of the choice
of Laws principles of the State of Delaware, including without limitation Delaware laws relating to applicable statutes of limitations and burdens of proof and available remedies. 

Section 8.15 Disputes; Consent to Jurisdiction. 

(a) All Agreement Disputes will be resolved in accordance with the procedures set forth in Article VIII of the Separation and Distribution
Agreement. 
 (b) Subject to the provisions of Article VIII of the Separation and Distribution Agreement, each of the Parties agrees that the
exclusive jurisdiction for any Agreement Disputes shall be brought and determined exclusively in the Court of Chancery of the State of Delaware; provided, that if jurisdiction is not then available in the Court of Chancery of the State of
Delaware, then any Agreement Dispute may be brought in any federal court located in the State of Delaware or any other Delaware state court (the “Delaware Courts”). Each Party further agrees that any Party may make service on the
other Party by delivering notice or a copy of the process by United States registered mail to such other Party’s address set forth in Section 8.5 shall be effective as to

  
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the contents of such notice or document. Nothing in this Section 8.15(b), however, shall affect the right of any Party to serve legal process in any other manner
permitted by Law. Each of the Parties irrevocably and unconditionally waives any objection, including based on forum non conveniens or otherwise, which it may now or hereafter have to the laying of venue of any Agreement Dispute in the Delaware
Courts, and hereby further irrevocably and unconditionally waives and agrees not to plead, assert or claim that any such Delaware Court lacks jurisdiction over any Party hereto or that any such Agreement Dispute brought in any such court has been
brought in an inconvenient forum. 
 Section 8.16 Specific Performance. The Parties agree that irreparable damage would occur in the event that
the provisions of this Agreement were not performed in accordance with their specific terms, and monetary damages, even if available, would not be an adequate remedy for any such failure to perform or any breach of this Agreement. Accordingly, it is
hereby agreed that the Parties shall be entitled to an injunction or injunctions to enforce specifically the terms and provisions hereof in any court specified in Section 8.15(b) without proof of actual damages. Each Party
agrees that it will not oppose (and hereby waives any defense in any action for) the granting of an injunction, specific performance and other equitable relief as provided herein on the basis that the other Party hereto has an adequate remedy at
law. Any Party seeking an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement shall not be required to provide any bond or other security in connection with any such
order or injunction. 
 Section 8.17 Waiver of Jury Trial. EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY JUDICIAL PROCEEDING IN WHICH ANY CLAIM OR COUNTERCLAIM (WHETHER AT LAW, IN EQUITY, IN CONTRACT, IN TORT, OR OTHERWISE) ASSERTED RELATED TO, ARISING OUT OF OR RESULTING FROM THIS AGREEMENT
OR THE COURSE OF DEALING OR RELATIONSHIP BETWEEN THE PARTIES, INCLUDING THE NEGOTIATION, EXECUTION, AND PERFORMANCE OF THIS AGREEMENT. EACH OF THE PARTIES HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND THAT NO PARTY TO THIS AGREEMENT OR ANY ASSIGNEE, SUCCESSOR, OR REPRESENTATIVE OF ANY PARTY SHALL REQUEST A
JURY TRIAL IN ANY SUCH PROCEEDING NOR SEEK TO CONSOLIDATE ANY SUCH PROCEEDING WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 8.17. 

Section 8.18 Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable under any present or future Law, the
remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom. 

  
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 Section 8.19 Mutual Drafting. The Parties have participated jointly in the negotiation and
drafting of this Agreement. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. 

Section 8.20 Authorization. Each of the Parties hereby represents and warrants that (a) it has the power and authority to execute, deliver
and perform this Agreement, (b) this Agreement has been duly authorized by all necessary corporate action on the part of such Party and (c) this Agreement constitutes a legal, valid and binding obligation of each such Party enforceable
against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting creditors’ rights generally and general equity principles. 

Section 8.21 No Duplication; No Double Recovery. Nothing in this Agreement (or in the Separation and Distribution Agreement or any other Ancillary
Agreement) is intended to confer to or impose upon any Party a duplicative right, entitlement, obligation or recovery with respect to any matter arising out of the same facts and circumstances. 

Section 8.22 No Reliance on Other Party. The Parties represent to each other that this Agreement is entered into with full consideration of any
and all rights which the Parties may have. The Parties have relied upon their own knowledge and judgment and have conducted such investigations they and their in-house counsel have deemed appropriate regarding
this Agreement and their rights in connection with this Agreement. Each Party is not relying upon any representations or statements made by the other Party, or any such other Party’s employees, agents, representatives or attorneys, regarding
this Agreement, except to the extent such representations are expressly set forth or incorporated in this Agreement. Each Party hereto is not relying upon a legal duty, if one exists, on the part of the other Party (or any such other Party’s
employees, agents, representatives or attorneys) to disclose any information in connection with the execution of this Agreement or its preparation, it being expressly understood that no Party shall ever assert any failure to disclose information on
the part of the other Party as a ground for challenging this Agreement or any provision hereof. 
 [The remainder of this page has been
intentionally left blank. Signature pages follow.] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Transition Services Agreement to be
executed the day and year first above written. 
  

			
	
	CRANE NXT, CO.
		
	By:	 	  

	Name:	 	[•]
	Title:	 	[•]
	
	CRANE COMPANY
		
	By:	 	  

	Name:	 	[•]
	Title:	 	[•]

 [Signature Page to Transition Services Agreement]

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