Document:

Exhibit 10.2

 

STOCKHOLDER SUPPORT AGREEMENT

 

This STOCKHOLDER SUPPORT AGREEMENT (this “Agreement”),
dated as of [__], 2022, is made by and among Breeze Holdings Acquisition Corp., a Delaware corporation (“Parent”),
TV Ammo, Inc., a Texas corporation (the “Company”), and the undersigned stockholders of the Company (each, a “Stockholder”
and collectively, the “Stockholders”). Parent, the Company and each of the Stockholders are sometimes referred to herein
individually as a “Party” and collectively as the “Parties”. Capitalized terms used but not otherwise
defined herein shall have the meanings ascribed to such terms in the Merger Agreement (as defined below).

 

RECITALS

 

A. Parent, BH Velocity Merger Sub, Inc., a Texas corporation (“Merger
Sub”), and the Company have entered into that certain Merger Agreement and Plan of Reorganization, dated as of October 31, 2022
(as it may be amended, restated or otherwise modified from time to time in accordance with its terms, the “Merger Agreement”),
which provides for, among other things, a business combination between Parent and the Company.

 

B. Each
of the Stockholders is the record and beneficial owner of the number and type of issued and outstanding shares of the Company set forth
on Schedule A hereto (the “Shares”).

 

C. In
order to induce Parent and the Company to enter into the Merger Agreement and the Parent Initial Stockholders to enter into the Sponsor
Support Agreement, the Parties desire to enter into this Agreement and to be bound by the agreements, covenants and obligations contained
in this Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the premises and the mutual promises contained herein, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties, each intending to be legally bound, hereby agree as follows:

 

1.    Company
Stockholder Consent and Related Matters. As promptly as reasonably practicable (and in any event within five (5) Business Days)
following the time at which the Registration Statement becomes effective under the Securities Act, each of the Stockholders shall
(a) duly execute and deliver to the Company and Parent the Written Consent, which Written Consent shall constitute the Requisite
Approval, pursuant to which it shall irrevocably and unconditionally (i) adopt the Merger Agreement and approve the Merger and the
other Transactions to which the Company is a party, (ii) approve, in accordance with the terms and subject to the conditions of the
Company Organizational Documents, the Company Preferred Conversion to take effect immediately prior to the Closing and (iii) waive
any appraisal or similar rights they may have pursuant to the TBOC with respect to the Merger and the other Transactions, and
(b) vote (or cause to be voted) all of such Stockholder’s Shares (together with any shares of the Company that such
Stockholder acquires record or beneficial ownership of or the power to vote after the date hereof, collectively, the
“Subject Company Stock”) against, and withhold consent with respect to, any other matter, action, agreement,
transaction or proposal that would reasonably be expected to result in (i) a breach of any of the Company’s
representations, warranties, covenants, agreements or obligations under the Merger Agreement or (ii) any of the conditions to
the Closing set forth in Sections 8.01 or 8.02 of the Merger Agreement not being satisfied; provided, that in the case of
clauses (a) and (b), the Merger Agreement shall not have been amended or modified without such Stockholder’s consent (A) to
decrease the Aggregate Merger Consideration payable under the Merger Agreement or (B) to change the form of the Aggregate Merger
Consideration, in each case in a manner adverse to such Stockholder. Each of the Stockholders acknowledges receipt and review of a
copy of the Merger Agreement.

 

     

     

    

 

2.
Transfer of Shares. Each of the Stockholders hereby agrees that it shall not, directly or indirectly, (a) sell, assign,
transfer (including by operation of law), place a lien on, pledge, hypothecate, grant an option to purchase, distribute, dispose of or
otherwise encumber any of its Subject Company Stock or otherwise enter into any contract, option or other arrangement or undertaking to
do any of the foregoing (each, a “Transfer”), (b) deposit any of its Subject Company Stock into a voting trust
or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect to any of its Subject Company Stock
that conflicts with any of the covenants or agreements set forth in this Agreement or (c) take any action that would have the effect
of preventing or materially delaying the performance of its obligations hereunder; provided, however, that the foregoing
shall not apply to any Transfer (i) to an Affiliate of such Stockholder, (ii) to another Stockholder that is a Party and bound by the
terms and obligations hereof or (iii) made in connection with the Merger or the other Transactions; provided, that any transferee
of any Transfer of the type set forth in clause (i) must enter into a joinder agreement agreeing to become a Party.

 

3.
Other Covenants and Agreements.

 

(a)
Each of the Stockholders hereby agrees to promptly execute and deliver all additional agreements, documents and instruments and
take, or cause to be taken, all actions necessary or reasonably advisable in order to terminate that certain Shareholders’ Agreement,
dated as of June 11, 2021, by and among the Company and the shareholders of the Company party thereto, and to cause such agreements to
be of no further force and effect (including any provisions of any such agreement that, by its terms, survive such termination) effective
as of immediately prior to, and subject to and conditioned upon the occurrence of, the Closing, and to confirm that upon such termination
neither the Company nor any of its Affiliates (including from and after the Effective Time, Parent and its Affiliates) shall have any
further obligations or liabilities under any such agreement.

 

(b) Each of the
Stockholders hereby agrees to be bound by and subject to (i) Section 7.04(b) (Confidentiality) and Section 7.11 (Public
Announcements) of the Merger Agreement to the same extent as such provisions apply to the parties to the Merger Agreement and (ii)
Section 6.03 (Claims Against the Trust Account), Section 7.03 (Requisite Approval) and Section 7.05 (Non-Solicitation) of the Merger
Agreement to the same extent as such provisions apply to the Company, in each case, mutatis mutandis and as if such
Stockholder was a party thereto. Notwithstanding anything in this Agreement to the contrary, (x) no Stockholder shall be
responsible for the actions of the Company or the Company Board (or any committee thereof) or any officers, directors (in their
capacity as such), employees or professional advisors of any of the foregoing (the “Company Related Parties”),
including with respect to any of the matters contemplated by this Section 3(b), (y) no Stockholder is making any
representations or warranties with respect to the actions of any of the Company Related Parties, and (z) any breach by the
Company of its obligations under the Merger Agreement shall not be considered a breach of this Section 3(b) (it being
understood for the avoidance of doubt that each Stockholder shall remain responsible for any breach by it of this Section
3(b)).

 

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(c)
Each of the Stockholders acknowledges and agrees that Parent and Merger Sub are entering into the Merger Agreement and the Parent
Initial Stockholders are entering into the Sponsor Support Agreement in reliance upon the Stockholders entering into this Agreement and
agreeing to be bound by, and perform, or otherwise comply with, as applicable, the agreements, covenants and obligations contained in
this Agreement, and but for the Stockholders entering into this Agreement and agreeing to be bound by, and perform, or otherwise comply
with, as applicable, the agreements, covenants and obligations contained in this Agreement, Parent and Merger Sub would not have entered
into the Merger Agreement or agreed to consummate the Transactions and the Parent Initial Stockholders would not have entered into the
Sponsor Support Agreement or agreed to consummate the transactions contemplated thereby.

 

4.
Stockholder Representations and Warranties. Each of the Stockholders, severally and not jointly, represents and warrants
to Parent and the Company as follows:

 

(a)
If such Stockholder is a natural person, he or she is legally competent to execute and deliver this Agreement. If such Stockholder
is not a natural person, it is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its incorporation
or organization.

 

(b)
The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within
such Stockholder’s power and have been duly authorized by all necessary actions on the part of such Stockholder.

 

(c)
The execution and delivery of this Agreement by such Stockholder does not, and the performance by such Stockholder of his, her
or its obligations hereunder will not, (i) conflict with or violate any Law applicable to such Stockholder, (ii) result in the creation
of any Lien on any of its Subject Company Stock (other than under this Agreement, the Merger Agreement or the Ancillary Agreements), (iii) if
applicable, conflict with or result in a breach or violation of or constitute a default under its organizational documents, or (iv) require
any consent, authorization or approval of, declaration, filing or registration with, or notice to, any Person, in each case that has not
been given or made as of the date hereof.

 

(d)
There are no Actions pending against such Stockholder or, to the knowledge of such Stockholder, threatened against such Stockholder,
before (or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental Authority, which in any manner
challenges or seeks to prevent, enjoin or materially delay the performance by such Stockholder of its obligations under this Agreement.

 

(e)
This Agreement has been duly executed and delivered by such Stockholder and, assuming due authorization, execution and delivery
by the other Parties, this Agreement constitutes a legally valid and binding obligation of such Stockholder, enforceable against him,
her or it in accordance with the terms hereof (except as enforceability may be limited by applicable

 

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bankruptcy Laws, other applicable, similar Laws
affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable
remedies).

 

(f)   
Such Stockholder has not entered into, and shall not enter into, any agreement that would restrict, limit or interfere with the
performance of his, her or its obligations hereunder.

 

(g)
Such Stockholder is the exclusive record and beneficial owner of, and has good and valid title to, all of the Shares set forth
opposite such Stockholder’s name on Schedule A hereto, and there exist no Liens, pledge, proxy, security interest, option,
right of first refusal, adverse claim of ownership or any other limitations or restrictions (including, without limitation, any restriction
on the right to vote, sell or otherwise dispose of such Shares), other than pursuant to (i) this Agreement, (ii) the Company
Organizational Documents, (iii) the Merger Agreement or the Ancillary Agreements and (iv) any applicable securities Laws, and as of the
date of this Agreement, such Stockholder has the sole power (as currently in effect) to vote, and the right, power and authority to sell,
transfer and deliver, such Shares, and such Stockholder does not own, directly or indirectly, any other Shares.

 

5.
Termination. This Agreement shall automatically terminate, without any notice or other action by any Party, upon the earliest
of (a) the Effective Time, (b) the termination of the Merger Agreement in accordance with its terms and (c) the mutual
written agreement of all of the Parties. Upon termination of this Agreement as provided in the immediately preceding sentence, none of
the Parties shall have any further obligations or liabilities under, or with respect to, this Agreement. Notwithstanding the foregoing
or anything to the contrary in this Agreement, (i) the termination of this Agreement pursuant to Section 5(b) shall not
affect any liability on the part of any Party for a Willful Breach of any covenant or agreement set forth in this Agreement prior to such
termination or Fraud, (ii) Sections 5 and 10 shall each survive any termination of this Agreement pursuant to Section
5(a), and (iii) Sections 5 through 14 shall survive any termination of this Agreement. For purposes of this Section
5, “Fraud” means an act or omission by a Party, and requires: (A) a false or incorrect representation or warranty
expressly set forth in this Agreement, (B) with actual knowledge (as opposed to constructive, imputed or implied knowledge) by the
Party making such representation or warranty that such representation or warranty expressly set forth in this Agreement is false or incorrect,
(C) an intention to deceive another Party to induce him, her or it to enter into this Agreement, (D) another Party, in justifiable
or reasonable reliance upon such false or incorrect representation or warranty expressly set forth in this Agreement, causing such Party
to enter into this Agreement, and (E) causing such Party to suffer damage by reason of such reliance.

 

6.
No Recourse. Except for claims pursuant to the Merger Agreement or any other Ancillary Agreement by any party thereto against
any other party thereto, each Party agrees that (a) this Agreement may only be enforced against, and any action for breach of this Agreement
may only be made against, the Parties, and no claims of any nature whatsoever (whether in tort, contract or otherwise) arising under or
relating to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby shall be asserted against
any Affiliate of the Company (other than the Stockholders, on the terms and subject to the conditions set forth herein) or any Affiliate
of Parent, and (b) none of the Affiliates of the Company (other than the Stockholders, on the terms and subject to the conditions set
forth herein) or the Affiliates of Parent

 

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shall have any liability arising out of or relating
to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby, including with respect to any
claim (whether in tort, contract or otherwise) for breach of this Agreement or in respect of any written or oral representations made
or alleged to be made in connection herewith, as expressly provided herein, or for any actual or alleged inaccuracies, misstatements or
omissions with respect to any information or materials of any kind furnished in connection with this Agreement, the negotiation hereof
or the transactions contemplated hereby.

 

7.
Notices. All notices and other communications among the Parties shall be in writing and shall be deemed to have been duly
given (a) when delivered in person, (b) when delivered after posting in the United States mail having been sent registered or
certified mail return receipt requested, postage prepaid, (c) when delivered by FedEx or other nationally recognized overnight delivery
service or (d) when e-mailed during normal business hours (and otherwise as of the immediately following Business Day), addressed
as follows:

 

(a)
If to Parent, to:

 

Breeze Holdings Acquisition Corp.

955 W. John Carpenter Fwy., Suite 100-929

Irving, TX 75039

Attention: J. Douglas Ramsey, Ph.D.

Email: doug@breezeacquisition.com

 

with a copy to:

 

Woolery & Co.

1 PIER 76

408 12TH AVE

NEW YORK, NY 10018

Attention: Mathew J. Saur

Email: mathew@wooleryco.com

 

with a copy to: 

 

ArentFox Schiff LLP

1717 K Street NW

Suite 700

Washington, DC 20006

Attention: Ralph V. De Martino

Email: ralph.demartino@afslaw.com

 

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(b)
 If to the Company, to:

 

TV Ammo, Inc.

1036 Nicholson Rd

Garland, TX 75042

Attn:Jeff Cutshall

E-mail: jcutshall@tvammo.com

 

with a copy to:

Lathrop GPM LLP

80 South 8th St.

500 IDS Center

Minneapolis, MN 55402

Attention: JC Anderson

Email: jc.anderson@lathropgpm.com

 

with a copy to:

 

Shearman & Sterling LLP

2828 N. Harwood Street, Suite 1800

Dallas, Texas 75201

Attention: Alain Dermarkar; Bill Nelson

Email: Alain.Dermarkar@Shearman.com;
Bill.Nelson@Shearman.com

 

(c)
If to a Stockholder, to the address or email address set forth for such Stockholder on his, her or its signature page hereof, or
to such other address or addresses as the Parties may from time to time designate in writing.

 

8.
Entire Agreement. This Agreement and the Merger Agreement constitute the entire agreement of the Parties with respect to
the subject matter of this Agreement and supersede all prior agreements and undertakings, both written and oral, among the Parties with
respect to the subject matter of this Agreement, except as otherwise expressly provided in this Agreement.

 

9.
Amendments and Waivers; Assignment. Any provision of this Agreement may be amended or waived if, and only if, such amendment
or waiver is in writing and signed by the Parties and the Parties to be bound thereby, respectively. Notwithstanding the foregoing, no
failure or delay by any Party in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise
thereof preclude any other or further exercise of any other right hereunder. Neither this Agreement nor any of the rights, interests or
obligations hereunder shall be assignable by any Party without the prior written consent of the other Parties.

 

10.
Fees and Expenses. Except as otherwise expressly set forth in the Merger Agreement, all fees and expenses incurred in connection
with this Agreement and the transactions contemplated hereby, including the fees and disbursements of counsel, financial advisors and
accountants, shall be paid by the Party incurring such fees or expenses.

 

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11.
 Fiduciary Duties. Notwithstanding anything in this Agreement to the contrary, (a) none of the Stockholders makes any
agreement or understanding herein in any capacity other than in its capacity as a record holder and beneficial owner of the Subject Company
Stock and (b) nothing herein will be construed to limit or affect any action or inaction by any representative of such Stockholder
in its capacity as a member of the Company Board or other similar governing body of any of its Affiliates or as an officer, employee or
fiduciary of the Company or any of its Affiliates, in each case, acting in such person’s capacity as a director, officer, employee
or fiduciary of the Company or such Affiliate.

 

12.
Remedies. Except as otherwise expressly provided herein, any and all remedies provided herein will be deemed cumulative
with and not exclusive of any other remedy conferred hereby, or by law or equity upon such Party, and the exercise by a Party of any one
remedy will not preclude the exercise of any other remedy. The Parties agree that irreparable damage for which monetary damages, even
if available, would not be an adequate remedy, would occur in the event that a Party does not perform its respective obligations under
the provisions of this Agreement in accordance with their specific terms or otherwise breaches such provisions. It is accordingly agreed
that each Party shall be entitled to an injunction or injunctions, specific performance and other equitable relief to prevent breaches
of this Agreement and to enforce specifically the terms and provisions of this Agreement, in each case, without posting a bond or undertaking
and without proof of damages and this being in addition to any other remedy to which they are entitled at law or in equity. Each Party
agrees that it will not oppose the granting of an injunction, specific performance and other equitable relief when expressly available
pursuant to the terms of this Agreement on the basis that the other Parties have an adequate remedy at law or an award of specific performance
is not an appropriate remedy for any reason at law or equity.

 

13.
No Third Party Beneficiaries. This Agreement shall be for the sole benefit of the Parties and their respective successors
and permitted assigns and is not intended, nor shall be construed, to give any Person, other than the Parties and their respective successors
and permitted assigns, any legal or equitable right, benefit or remedy of any nature whatsoever by reason this Agreement. Nothing in this
Agreement, expressed or implied, is intended to or shall constitute the Parties acting as partners or participants in a joint venture.

 

14.
Incorporation by Reference. Sections 1.03 (Construction), 10.03 (Severability), 10.06 (Governing Law), 10.07 (Waiver
of Jury Trial), 10.08 (Headings) and 10.09 (Counterparts; Electronic Delivery) of the Merger Agreement are incorporated herein
by reference and shall apply to this Agreement mutatis mutandis.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, each of
the Parties has executed and delivered this Stockholder Support Agreement as of the date first above written.

 

	 	PARENT:
	 	 
	 	BREEZE HOLDINGS ACQUISITION CORP
	 	 
	 	By:	 
	 	 	Name:	J. Douglas Ramsey, Ph.D.
	 	 	Title: 	CEO & CFO

 

[Signature Page to Stockholder Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, each of
the Parties has executed and delivered this Stockholder Support Agreement as of the date first above written.

 

	 	COMPANY:
	 	 	 
	 	TV AMMO, INC
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Stockholder Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, each of
the Parties has executed and delivered this Stockholder Support Agreement as of the date first above written.

 

	 	STOCKHOLDERS:
	 	 
	 	Investor Name (Individual):
	 	 
	 	 
	 	 	 
	 	By:	                                
	 	 	 
	 	Investor Name (Entity):
	 	 
	 	 
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 

 

     

     

    

 

SCHEDULE A

COMPANY SHARES

 

	Name of Stockholder	 	Number of Shares
	[__]	 	[__]Exhibit 10.3

 

LOCK-UP AGREEMENT

 

THIS LOCK-UP AGREEMENT (this
“Agreement”) is made and entered into as of [__________], 2022 by and among TV Ammo, Inc., a Texas corporation
(the “Company”), the undersigned stockholders of the Company (collectively, the “Company Stockholders”),
Breeze Holdings Acquisition Corp., a Delaware corporation (“Parent”), Breeze Sponsor, LLC, a Delaware limited liability
company (the “Sponsor”), and the undersigned stockholders of Parent (the “Parent Stockholders” and
together with the Sponsor, the “Parent Initial Stockholders”). The Company Stockholders and the Parent Initial Stockholders
are sometimes referred to herein individually as a “Stockholder” and collectively as the “Stockholders”.
The Company, Parent and the Stockholders are sometimes referred to herein individually as a “Party” and collectively as the
“Parties”. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Merger
Agreement (as defined below).

 

WHEREAS, each of the
Parent Initial Stockholders holds the number of shares of Parent common stock (“Parent Common Stock”) set forth opposite
such Parent Initial Stockholder’s name on Exhibit A hereto;

 

WHEREAS, Parent, the
Company and BH Velocity Merger Sub, Inc., a Texas corporation (“Merger Sub”), have entered into that certain Merger
Agreement and Plan of Reorganization (as it may be amended, restated or otherwise modified from time to time in accordance with its terms,
the “Merger Agreement”), dated as of October 31, 2022, pursuant to which, among other things, Merger Sub will merge
with and into the Company, with the Company being the surviving corporation as a wholly-owned subsidiary of Parent;

 

WHEREAS, the Merger
Agreement contemplates that the Company Stockholders will receive newly issued shares of Parent Common Stock at the Effective Time (as
defined in the Merger Agreement); and

 

WHEREAS, the Merger
Agreement contemplates that the Parties will enter into this Agreement, pursuant to which the Parent Common Stock held by the Stockholders
immediately after the Effective Time (together with any securities paid as dividends or distributions with respect to such securities
or into which such securities are exchanged or converted) shall become subject to the limitations on disposition set forth herein.

 

NOW, THEREFORE, in
consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and the mutual promises
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:

 

1. For
purposes of this Agreement:

 

(a) the
term “Early Release Period” means the period beginning on the date that is the day after the four-month anniversary
of the Closing Date and ending on the date that is the eight-month anniversary of the Closing Date;

 

     

     

    

 

(b) the
term “Lock-up Period” means the period beginning on the Closing Date and ending on the date that is eight (8) months
after the Closing Date; provided, that the Lock-Up Period may be shortened in accordance with the terms of Section 2(a) or Section
2(b);

 

(c) the
term “Lock-up Shares” means any shares of Parent Common Stock held by the Stockholders immediately following the Effective
Time or acquired thereafter;

 

(d) the
term “Permitted Transferee” means any Person to whom a Stockholder is permitted to transfer Lock-up Shares prior to
the expiration of the Lock-up Period pursuant to Section 2(c);

 

(e) the
term “Stock Price Level” means a daily volume weighted average closing sale price of Parent Common Stock quoted on
the Nasdaq Capital Market (or such other principal securities exchange or securities market on which shares of Parent Common Stock are
then traded) for any twenty (20) Trading Days within any thirty (30) consecutive Trading Day period; and

 

(f) the
term “Transfer” means any (i) voluntary or involuntary transfer, sale of, offer to sell, contract or agreement to sell,
hypothecation, pledge, grant of any option to purchase or otherwise dispose of (whether by operation of law or otherwise) or agreement
to dispose of or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent
position within the meaning of Section 16 of the Exchange Act, and the rules and regulations promulgated thereunder, with respect to,
any security, (ii) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii)
public announcement of any intention to effect any transaction specified in clause (i) or (ii).

 

2. Lock-Up
Provisions.

 

(a) Each
of the Stockholders hereby agrees that it shall not, and shall cause its Permitted Transferees not to, Transfer any Lock-Up Shares during
the Lock-Up Period (the “Transfer Restriction”), except as permitted in accordance with the following:

 

		(i)	during the Early Release Period, the Transfer Restriction shall expire with respect to ten percent (10%)
of the Lock-Up Shares held by each Stockholder (the “First Tranche”) if a Stock Price Level equal to or greater than
$12.50 is achieved;

 

		(ii)	during the Early Release Period and after or concurrently with the satisfaction of the conditions precedent
for the early expiration of the Transfer Restriction with respect to the First Tranche under Section 2(a)(i), the Transfer Restriction
shall expire with respect to an additional ten percent (10%) of the Lock-Up Shares (the “Second Tranche”), if a Stock
Price Level equal to or greater than $15.00 is achieved; and

 

		(iii)	on the date on which Parent completes a Subsequent Transaction, the Transfer Restriction will expire with
respect to all Lock-Up Shares.

 

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(b) Notwithstanding
anything to the contrary in this Agreement, each of the Parties hereby acknowledges and agrees that, at any time during the Lock-Up Period
and no earlier than six (6) months after the Closing Date, the board of directors of Parent (the “Board”) may, in its
sole discretion, resolve to terminate, in whole or in part, the Transfer Restriction; provided, that any termination of the Transfer
Restriction in part shall apply pro rata to the Stockholders; and, provided, further, that the approval of such resolution
of the Board shall (i) be given at a meeting of the Board called for the purpose of considering and voting upon such resolution and (ii)
include at least a majority of the “independent” (as such term is defined in Rule 5605(a)(2) of the Nasdaq Capital Market
Listing Requirements) members of the Board.

 

(c) Notwithstanding
the provisions set forth in Section 2(a), each of the Stockholders and its respective Permitted Transferees may Transfer, in whole
or in part, its Lock-up Shares during the Lock-up Period (i) to any Affiliate(s) of such Stockholder, (ii) in the case of an individual
Stockholder, to a member of such individual’s immediate family (including such Stockholder’s spouse or ancestors, descendants
or siblings (in each case, whether by blood, marriage or adoption)) or to a trust, the beneficiary of which is such Stockholder or a member
of such Stockholder’s immediate family, or (iii), in the case of an individual Stockholder, by virtue of laws of descent and distribution
upon the death of such Stockholder.

 

(d) The
per share prices of the Parent Common Stock referenced in this Agreement shall be equitably adjusted on account of any changes in the
equity securities of Parent by way of stock split, stock dividend, combination or reclassification, or through any merger, consolidation,
reorganization, recapitalization or business combination, or by any other means.

 

(e) If
any Transfer is made or attempted contrary to the provisions of this Agreement, such Transfer shall be null and void ab initio,
and Parent shall refuse to recognize any such Transfer and any such transferee of Lock-Up Shares as one of its equity holders for any
purpose. In order to enforce this Section 2(e), Parent may impose stop-transfer instructions with respect to the Lock-Up Shares
in accordance with the terms of this Agreement until the end of Lock-Up Period.

 

(f) During
the Lock-Up Period, each certificate (if any are issued) evidencing any Lock-Up Shares shall be stamped or otherwise imprinted with a
legend in substantially the following form, in addition to any other applicable legends:

 

“THE SECURITIES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AS SET FORTH IN THAT CERTAIN LOCK-UP AGREEMENT, DATED AS OF OCTOBER 26, 2022, BY AND
AMONG THE ISSUER OF SUCH SECURITIES (THE “ISSUER”) THE ISSUER’S SECURITY HOLDER NAMED IN THIS CERTIFICATE
AND THE OTHER PARTIES THERTO. A COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF UPON
WRITTEN REQUEST.”

 

(g) For
the avoidance of any doubt, each of the Stockholders shall retain all of his, her or its rights as a stockholder of Parent with respect
to his, her or its Lock-Up Shares during the Lock-Up Period, including the right to vote any Lock-Up Shares.

 

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3. Miscellaneous.

 

(a) Effective
Date. This Agreement shall become effective at the Effective Time.

 

(b) Termination
of the Merger Agreement. Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated
in accordance with its terms prior to the Effective Time, this Agreement and all rights and obligations of the Parties hereunder shall
automatically terminate and be of no further force or effect.

 

(c) Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties
hereto and their respective permitted successors and assigns. Except as otherwise provided in this Agreement, this Agreement and all obligations
of the Parties are personal to the Parties and may not be transferred or delegated by the Parties at any time.

 

(d) Third
Parties. Nothing contained in this Agreement or in any instrument or document executed by any Party in connection with the transactions
contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any person or entity that is not
a Party hereto or thereto.

 

(e) Governing
Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the Laws of the State of Delaware, without
giving effect to any choice of Law or conflict of Law provision or rule (whether of the State of Delaware or any other jurisdiction) that
would cause the application of the law of any jurisdiction other than the State of Delaware. Each Party (a) irrevocably consents to the
service of the summons and complaint and any other process in any Action relating to the transactions contemplated by this Agreement,
for and on behalf of itself or any of its properties or assets, in accordance with this Section 3(e) or in such other manner as
may be permitted by applicable Law and that such process may be served in the manner of giving notices in Section 3(h) and that
nothing in this Section 3(e) shall affect the right of any Party to serve legal process in any other manner permitted by applicable
Law, (b) irrevocably and unconditionally consents and submits itself and its properties and assets in any Action or proceeding to the
exclusive general jurisdiction of the Court of Chancery of the State of Delaware (the “Chancery Court”) (or, only if
the Chancery Court declines to accept jurisdiction over a particular matter, any state or federal court within the State of Delaware)
in the event any dispute or controversy arises out of this Agreement or the transactions contemplated hereby, or for recognition and enforcement
of any Order in respect thereof, (c) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request
for leave from any such court, (d) waives any objection that it may now or hereafter have to the venue of any such Action in any such
court or that such Action was brought in an inconvenient court and agrees not to plead or claim the same, and (e) agrees that it will
not bring any such Action in any court other than the aforesaid courts. Each Party agrees that a final Order in any Action in such courts
as provided above shall be conclusive and may be enforced in other jurisdictions by suit on the Order or in any other manner provided
by applicable Law.

 

(f) 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 ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY. EACH PARTY HEREBY (i) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (ii) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
3(f).

 

(g) Interpretation.
The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting this
Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this Agreement shall include the corresponding
masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (ii)
“including” (and with correlative meaning “include”) means “including” without limiting the generality
of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words “without limitation”;
(iii) the words “herein,” “hereto,” and “hereby” and other words of similar import in this Agreement
shall be deemed in each case to refer to this Agreement as a whole and not to any particular section or other subdivision of this Agreement;
and (iv) the term “or” means “and/or”. The Parties have participated jointly in the negotiation and drafting of
this Agreement. Consequently, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of
the authorship of any provision of this Agreement.

 

    4

     

    

 

(h) Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when
delivered (i) in person, (ii) by e-mail (having obtained electronic delivery confirmation thereof), (iii) one (1) Business Day after being
sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business Days after being mailed, if sent
by registered or certified mail, pre-paid and return receipt requested; provided, however, that notice given pursuant to clauses (iii)
and (iv) above shall not be effective unless a duplicate copy of such notice is also given in person or by e-mail (having obtained electronic
delivery confirmation thereof), in each case to the addresses specified on the signature pages hereto (or at such other addresses for
a Party as shall be specified by like notice).

 

(i) Amendments
and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally
or in a particular instance, and either retroactively or prospectively) only with the written consent of the Parties or the Party agreeing
to be bound thereby, respectively. No failure or delay by a Party in exercising any right hereunder shall operate as a waiver thereof.
No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be
or construed as a further or continuing waiver of any such term, condition, or provision.

 

(j) Severability.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall be modified
or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable, and the validity,
legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby nor shall the validity,
legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon such determination that any term or other
provision is invalid, illegal or incapable of being enforced, the Parties will substitute for any invalid, illegal or unenforceable provision
a suitable and equitable provision that carries out, so far as may be valid, legal and enforceable, the intent and purpose of such invalid,
illegal or unenforceable provision.

 

(k) Specific
Performance. Each of the Parties acknowledges that its obligations under this Agreement are unique and recognizes and affirms that
in the event of a breach of this Agreement by such Party, money damages will be inadequate and the other Parties will have no adequate
remedy at law, and agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed
by the other Parties in accordance with their specific terms or were otherwise breached. Accordingly, each of the Parties shall be entitled
to an injunction or restraining order to prevent breaches of this Agreement by the other Parties and to enforce specifically the terms
and provisions hereof, without the requirement to post any bond or other security or to prove that money damages would be inadequate,
this being in addition to any other right or remedy to which such Parties may be entitled under this Agreement, at law or in equity.

 

(l) Entire
Agreement. This Agreement constitutes the full and entire understanding and agreement among the Parties with respect to the subject
matter hereof and supersedes any other written or oral agreement relating to the subject matter hereof existing between the Parties; provided,
that, for the avoidance of doubt, the foregoing shall not affect the rights and obligations of the Parties under the Merger Agreement
or any other Ancillary Agreement. Notwithstanding the foregoing, nothing in this Agreement shall limit any of the rights or remedies or
obligations of the Parties under any other agreement between any of the Parties, or any certificate or instrument executed by any of the
Parties.

 

(m) Further
Assurances. From time to time, at another Party’s reasonable request and without further consideration (but at the requesting
Party’s reasonable cost and expense), each Party shall execute and deliver such additional documents and take all such further action
as may be reasonably necessary to consummate the transactions contemplated by this Agreement.

 

(n) Counterparts;
Facsimile. This Agreement may also be executed and delivered by facsimile signature or by email in portable document or other
electronic format in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one
and the same instrument.

 

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

 

    5

     

    

 

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

 

	 	Parent:
	 	 
	 	BREEZE HOLDINGS ACQUISITION CORP.
	 	 
	 	By:	 
	 	Name: 	J. Douglas Ramsey, Ph.D.
	 	Title:	CEO & CFO
	 	Email: 	doug@breezeacquisition.com
	 	Address: 	 
	 	 	Breeze Holdings Acquisition Corp.
	 	 	955 W. John Carpenter Fwy., Suite 100-929
	 	 	Irving, TX 75039
	 	 	Attention: J. Douglas Ramsey, Ph.D.
	 	 	 
	 	SPONSOR:
	 	 
	 	BREEZE SPONSOR, LLC
	 	 
	 	By:	 
	 	Name:	 J. Douglas Ramsey, Ph.D
	 	Title:	Manager
	 	Email:	 doug@breezeacquisition.com
	 	Address: 	 
	 	 	Breeze Holdings Acquisition Corp.
	 	 	955 W. John Carpenter Fwy., Suite 100-929
	 	 	Irving, TX 75039
	 	 	Attention: J. Douglas Ramsey, Ph.D.

 

[Signature Page to Lock-Up Agreement]

 

    

    

    

 

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

 

	 	PARENT STOCKHOLDERS:
	 	 
	 	I-BANKERS SECURITIES, INC.
	 	 
	 	By:	                       
	 	Name:	 
	 	Title:	 
	 	Email: 	 
	 	Address: 	 
	 	 
	 	 
	 	Albert McLelland
	 	Email:	 
	 	Address:	 
	 	 
	 	 
	 	Daniel L. Hunt
	 	Email:	 
	 	Address:	 
	 	 
	 	 
	 	Robert Lee Thomas 
	 	Email: 	 
	 	Address:	 
	 	 
	 	 
	 	Bill Stark
	 	Email: 	 
	 	Address:	 

 

[Signature Page to Lock-Up Agreement]

 

    

    

    

 

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

 

	 	COMPANY:
	 	 
	 	TV AMMO, INC.
	 	 
	 	By:	 
	 	Name:	 Kevin Boscamp
	 	Title:	Co-Chief Executive Officer
	 	Email: 	 
	 	Address:  	 

 

[Signature Page to Lock-Up Agreement]

 

    

    

    

 

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

 

	 	COMPANY STOCKHOLDERS:
	 	 
	 	Investor Name (Individual):
	 	 
	 	
	 	 
	 	By:	    
	 	 
	 	Investor Name (Entity):
	 	 
	 	 
	 	 
	 	By:	                             
	 	 
	 	Name: 	 
	 	 
	 	Title:	 

 

[Signature Page to Lock-Up Agreement]

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