Document:

Exhibit 4.72

 

Execution Copy

 

FIRST
AMENDMENT TO ESCROW AGREEMENT

 

This First Amendment
(this “First Amendment”) to the Escrow Agreement (as defined below) is made and entered into effective
as of December 20, 2019, by and among (i) BPGIC Holdings Limited, a Cayman Islands exempted company (together with its successors,
“Seller”), (ii) Brooge Holdings Limited, a Cayman Islands exempted company (“Pubco”),
and (iii) Continental Stock Transfer & Trust Company, as escrow agent (the “Escrow Agent”).
Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Escrow
Agreement.

 

WHEREAS, Twelve
Seas Investment Company, a Cayman Islands exempted company (“Purchaser”), Pubco, Brooge Merger Sub Limited,
a Cayman Islands exempted company and a wholly-owned subsidiary of Pubco, and Brooge Petroleum And Gas Investment Company FZE,
a company formed under the laws of the Fujairah Free Zone, UAE (the “Company”), entered into a Business
Combination Agreement on April 15, 2019, to which Brooge Petroleum and Gas Investment Company (BPGIC) PLC (“PLC”),
a company formed under the laws of England and Wales, joined such Business Combination Agreement on May 10, 2019 by way of Joinder
to Business Combination Agreement, such Business Combination Agreement later amended by the First Amendment to Business Combination
Agreement on September 16, 2019, and subsequent to which, PLC assigned all of its rights, title and interest therein to Seller
by way of Assignment and Joinder to Business Combination Agreement entered into on November 19, 2019 (the Business Combination
Agreement, as amended, modified or supplemented pursuant to the foregoing and as it may further be amended, modified or supplemented
from time to time, the “Business Combination Agreement”);

 

WHEREAS, PLC,
Pubco and Escrow Agent were parties to that certain Escrow Agreement made and entered into as of May 10, 2019 (as amended by the
Joinder (defined below), the “Original Agreement”);

 

WHEREAS, Seller
became a party to the Original Agreement by executing and delivering an Assignment and Joinder to Escrow Agreement (the “Joinder”)
to PLC, Pubco and Escrow Agent on November 19, 2019 and pursuant to the terms of the Joinder, replacing PLC as the “Seller”
party thereunder, and with Pubco and Escrow Agent remaining as continuing parties thereunder; and

 

WHEREAS, the
parties desire to amend the Original Agreement on the terms and conditions set forth herein (as amended, including by this First
Amendment, the “Escrow Agreement”).

 

NOW, THEREFORE,
in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth below and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in accordance with
the terms of the Escrow Agreement, the parties hereto, intending to be legally bound, do hereby agree as follows:

 

1. Recitals.
The third paragraph of the Escrow Agreement is hereby amended to delete the phrase “in the name of the Escrow Agent (for
the benefit of Seller)” and replace it with the following “in the name of the Seller”.

 

2. Issuance of Escrow
Shares. Section 2 of the Escrow Agreement is hereby amended to delete the phrase “in the name of the Escrow Agent
for the benefit of Seller” and is replaced with “in the name of Seller, to be held by the Escrow Agent”.

 

     

     

    

 

3. Maintenance of
the Escrow Shares and other Escrow Property.

 

(a) The fourth to the
last line in Section 3(a) of the Escrow Agreement is hereby amended to add immediately after the phrase “the Escrow
Agent” the following “, if Seller is unable to do so itself (for whatever reason),”.

 

(b) The second to last
and last lines in Section 3(b) of the Escrow Agreement are hereby amended to delete the phrase “(including transferring
any Escrow Shares to the name of such new escrow agent (for the benefit of Seller))” and is replaced with “(including
transferring any Escrow Shares which are to be recorded in Seller’s name, to be held by such new escrow agent)”.

 

4. Definitions.

 

(a) The definition given
to the defined term “Disinterested Independent Director” in Section 5(f)(iii) is hereby deleted and replaced
with “means an independent director serving on Pubco’s board of directors that is disinterested in the Escrow Property
(i.e., such independent director has no direct or indirect economic interest in the Escrow Property), including any such independent
director who also serves on Seller’s board of directors (or on the board of directors of any of Seller’s Affiliates),
notwithstanding such service on Seller’s board of directors or that of any of Seller’s Affiliates, so long as such
independent director has no direct or indirect economic interest in the Escrow Property.”

 

(b) The definition given
to the defined term “Disinterested Independent Director Majority” in Section 5(f)(iv) of the Escrow Agreement
is hereby amended to add the following at the end thereof, immediately prior to the period at the end of such definition: “,
provided, where there is only one Disinterested Independent Director, then with the consent of that sole Disinterested Independent
Director”.

 

5. Tax Matters.
The first sentence of Section 6 of the Escrow Agreement is hereby deleted in its entirety and replaced with the following:
“Pubco and Seller agree and acknowledge that, for all U.S. and foreign tax purposes, except as required by applicable Law,
Seller shall be treated as the owner of the Escrow Property while held in the Escrow Account until released in accordance with
this Agreement and the Business Combination Agreement, and all interest, earnings or income, if any, earned with respect to the
Escrow Property while held by the Escrow Agent shall be treated as earned by Seller until released in accordance with this Agreement
and the Business Combination Agreement.”

 

6. Duties. The
last sentence of Section 7 of the Escrow Agreement is hereby entirely deleted and replaced with the following: “There
are no third party beneficiaries to this Agreement.”

 

7. Amending Authorized
Parties; Reliance. Section 9 of the Escrow Agreement is hereby amended to delete the last sentence and replace it with
“Notwithstanding the above, any notice or instruction to be provided or document required to be executed under this Agreement
by persons listed in Exhibit B (including any future persons, as such Exhibit B is amended from time to time) of
this Agreement on behalf of either Pubco or Seller (respectively), shall only be valid when provided or executed by any two of
such authorized signers, acting jointly, on behalf of either Pubco or Seller (respectively), as identified in Exhibit B (as it
may be amended from time to time). The Escrow Agent shall be entitled to rely on and shall be fully protected in relying on, the
instructions and notices from any two of the authorized signers, acting jointly, on behalf of either Pubco or Seller (respectively)
as identified in Exhibit B (as it may be amended from time to time) to this Agreement after the Closing, until such time
as their authority is revoked in writing, or until successors have been appointed and identified by notice in the manner described
in Section 15 below. The requirement in this Section 9 of there being two authorized signers acting jointly shall
only apply to either Pubco or Seller when there are at least two people who are listed as serving as authorized signers (respectively)
as so provided for in Exhibit B (as it may be amended from time to time) of this Agreement. Where there is only one authorized
signer for either Pubco or Seller (respectively) as named in Exhibit B (as it may be amended from time to time) of this
Agreement, then such sole authorized signer’s notices, instructions or documents executed pursuant to the terms of this Agreement
shall be valid and the reliance and protections afforded in this Section 9 shall be available to the Escrow Agent until
such time as the sole authorized signer’s authority is revoked in writing, or until successors have been appointed and identified
by notice in the manner described in Section 15 below.”

 

    2

     

    

 

8. Correction of
Notices. To the extent not already amended in the Joinder, Section 15 of the Escrow Agreement is hereby amended such
that the numbers provided as a Facsimile No are deleted entirely, and the Telephone No. for (i) Nicolaas Paardenkooper on behalf
of Pubco, Seller or the Company, is replaced with “+971-56-284-2828”; and (ii) Meclomen Maramot on behalf of Pubco,
is deleted and replaced with ““+971-56-284-2828”, respectively. Additionally, the mailing address of each of
Pubco and Seller after the Closing is hereby changed to: “c/o Brooge Petroleum And Gas Investment Company FZE, P.O. Box 50170,
Fujairah, United Arab Emirates, Attn: Nicolaas Paardenkooper”.

 

9. Conflicts.
The second sentence in Section 17 of the Escrow Agreement is hereby amended to add the following at the end thereof, immediately
prior to the period at the end of such sentence: “provided that, as between Pubco and Seller, in the event of any conflict
or inconsistency between Sections 2, 3, 4 or 5 of this Agreement and the related provisions of the Business Combination Agreement,
the terms of this Agreement shall control and govern to the extent of any such conflict or inconsistency.”

 

10. Amending Further
Assurances. Section 20 of the Escrow Agreement is hereby amended to add the following sentence at the end of such Section:
“Pubco agrees that upon the release of the Escrow Shares from the Escrow Account to the Seller hereunder, Pubco shall promptly
remove or take all necessary actions to cause its transfer agent to remove any applicable legend relating to this Agreement from
the Escrow Shares.”

 

11. Authorized Pubco
Signers. Pursuant to Schedule A of this First Amendment, Exhibit B of the Escrow Agreement is hereby updated
with respect to the “Authorized Pubco Signers”. The “Authorized Seller Signers” in Exhibit B of
the Escrow Agreement shall remain unchanged.

 

12. Miscellaneous.
Except as expressly provided in this First Amendment, all of the terms and provisions in the Original Agreement are and shall remain
unchanged and in full force and effect, on the terms and subject to the conditions set forth therein. This First Amendment does
not constitute, directly or by implication, an amendment or waiver of any provision of the Original Agreement, or any other right,
remedy, power or privilege of any party, except as expressly set forth herein. Any reference to the Escrow Agreement in the Escrow
Agreement, Business Combination Agreement or any other agreement, document, instrument or certificate entered into or issued in
connection therewith shall hereinafter mean the Original Agreement, as amended by this First Amendment (or as the Escrow Agreement
may be further amended or modified after the date hereof in accordance with the terms thereof). The Original Agreement, as amended
by this First Amendment, and the documents or instruments attached hereto or thereto or referenced herein or therein, constitutes
the entire agreement between the parties with respect to the subject matter of the Escrow Agreement, and supersedes all prior agreements
and understandings, both oral and written, between the parties with respect to its subject matter. If any provision of the Original
Agreement is inconsistent with any provision of this First Amendment, the provision of this First Amendment shall control, and
the provision of the Original Agreement shall, to the extent of such inconsistency, be disregarded. Sections 15, 18, 19, 20 and
22 through 27 of the Original Agreement are hereby incorporated herein by reference as if fully set forth herein, and such provisions
apply to this First Amendment as if all references to the “Agreement” contained therein were instead references to
this First Amendment. This First Amendment amends and modifies the Original Agreement in accordance with Section 18 of the Original
Agreement.

 

{The remainder
of this page is intentionally blank; the next page is the signature page.}

 

    3

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this First Amendment to Escrow Agreement as of the date first written above.

 

	 	Seller:
	 	 
	 	BPGIC HOLDINGS LIMITED
	 	 	 	 
	 	By:	/s/ Nicolaas L. Paardenkooper
	 	 	Name: 	Nicolaas L. Paardenkooper
	 	 	Title:	Director
	 	 	 	 
	 	Pubco:
	 	 
	 	BROOGE HOLDINGS LIMITED
	 	 	 	 
	 	By:	/s/ Meclomen Maramot
	 	 	Name:	Meclomen Maramot
	 	 	Title:	Director
	 	 	 	 
	 	Escrow Agent:
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Escrow Agent
	 	 	 	 
	 	By:	/s/ Isaac J. Kagan
	 	 	Name:	Isaac J. Kagan
	 	 	Title:	Vice President

 

     

     

    

 

Accepted and agreed by the undersigned, effective as of
the date set forth above:

 

	 	Purchaser:
	 	 
	 	TWELVE SEAS INVESTMENT COMPANY
	 	 	 	 
	 	By:	/s/ Stephen N. Cannon
	 	 	Name: 	Stephen N. Cannon
	 	 	Title:	Chief Financial Officer
	 	 	 	 
	 	Company:
	 	 
	 	BROOGE PETROLEUM AND GAS INVESTMENT COMPANY FZE
	 	 	 	 
	 	By:	/s/ Nicolaas L. Paardenkooper
	 	 	Name:	Nicolaas L. Paardenkooper
	 	 	Title:	Chief Executive OfficerExhibit 4.73

 

Execution Copy

 

VOTING AGREEMENT

 

This Voting Agreement
(this “Agreement”) is made as of December 20, 2019 by and among (i) BPGIC Holdings Limited, a
Cayman Islands exempted company (“Seller”), (ii) Twelve Seas Sponsors I LLC, a Delaware limited
liability company, the sponsor of Purchaser (“Sponsor”), (iii) Gregory Stoupnitzky (“Stoupnitzky”)
and (iv) Suneel G. Kaji (“Kaji”, and collectively with Sponsor and Stoupnitzky, the “Holders”,
and each individually, a “Holder”). Any capitalized term used but not defined in this Agreement will
have the meaning ascribed to such term in the Business Combination Agreement (defined below).

 

WHEREAS, (i)
Twelve Seas Investment Company, a Cayman Islands exempted company (“Purchaser”), (ii) Brooge Holdings
Limited, a Cayman Islands exempted company (“Pubco”), (iii) Brooge Merger Sub Limited, a Cayman Islands
exempted company and a wholly-owned subsidiary of Pubco (“Merger Sub”), (iv) Brooge Petroleum And Gas
Investment Company FZE, a company formed under the laws of the Fujairah Free Zone, UAE (the “Company”),
and (v) Seller (as assignee of Brooge Petroleum and Gas Investment Company (BPGIC) PLC, a company formed under the laws of England
and Wales, pursuant to the Assignment and Joinder to Business Combination Agreement dated as of November 19, 2019) are parties
to that certain Business Combination Agreement, dated as of April 15, 2019 (as amended from time to time in accordance with the
terms thereof, including without limitation by the First Amendment to Business Combination Agreement, dated as of September 16,
2019, the “Business Combination Agreement”), pursuant to which, among other matters, (a) Purchaser will
merge with and into Merger Sub, with Purchaser continuing as the surviving entity, and (b) Pubco will acquire all of the issued
and outstanding ordinary shares of the Company from Seller in exchange for ordinary shares of Pubco, all upon the terms and subject
to the conditions set forth in the Business Combination Agreement and in accordance with the applicable provisions of the Cayman
Act;

 

WHEREAS, the
Holders currently own an aggregate of 5,175,000 Purchaser Ordinary Shares (the “Founder Shares”), which
shares were originally issued to Sponsor in a private placement prior to Purchaser’s initial public offering (the “IPO”);

 

WHEREAS, pursuant
to the letter agreement, dated as of April 15, 2019 (the “Founder Share Letter”), by and among Purchaser,
the Company and the Holders, the Holders agreed to forfeit 20% of the Founder Shares held by them (the “Forfeited Shares”)
upon the closing of the transactions contemplated by the Business Combination Agreement (the “Closing”),
and to deposit another 30% of such Founder Shares in escrow upon the Closing (the “Founder Escrow Shares”),
with such Founder Escrow Shares subject to potential forfeiture in the event and to the extent that Seller does not achieve its
earnout under the Business Combination Agreement and the related escrow agreement;

 

WHEREAS, simultaneously
with the IPO, Sponsor purchased an aggregate of 529,000 of the Purchaser’s units in a private placement (the “Purchaser
Private Units”), which Purchaser Private Units each consisted of (i) one Purchaser Ordinary Share, (ii) one warrant
exercisable for one Purchaser Ordinary Share at $11.50 per share (a “Purchaser Private Warrant”),
and (iii) one right to receive 1/10 of a Purchaser Ordinary Share upon consumption of the Business Combination (the “Purchaser
Private Right”) (such securities comprising the Purchaser Private Units, including the shares underlying the Purchaser
Private Warrants and the Purchaser Private Rights, collectively, the “Private Placement Securities”);

 

WHEREAS, the
Business Combination Agreement requires as a condition of the Company, Pubco, Seller and Purchaser to consummate the Closing thereunder
that the Holders be bound by the voting requirements set forth in this Agreement with respect to the Founder Shares owned by them
(after giving effect to the forfeiture of the Forfeited Shares), the Private Placement Securities, and any securities of Purchaser
or Pubco that the Holders or their Affiliates acquire or agree to acquire for any purpose up to and including the time of the Closing
(such securities, collectively, the “Subject Shares”), and the Holders are willing to accept the terms
of this Agreement with respect to such Subject Shares.

 

     

     

    

 

NOW, THEREFORE,
in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and intending
to be legally bound hereby, the parties hereby agree as follows:

 

1. Covenant
to Vote as Directed By Seller.

 

(a) Each
Holder agrees, with respect to any of the Subject Shares owned by the Holder or its Affiliate, that from and after the Closing
until the termination of this Agreement in accordance with the terms hereof (the “Voting Period”):

 

(i) at
each meeting of the stockholders of Pubco (the “Pubco Stockholders”), and in each written consent or
resolutions of Pubco Stockholders in which such Holder or its Affiliate holding Subject Shares (a “Covered Affiliate”)
is entitled to vote, consent or approve, such Holder hereby unconditionally and irrevocably agrees to, and to cause its Covered
Affiliates to, be present (whether in person or by proxy) for such meeting and vote their Subject Shares (in person or by proxy),
as directed by Seller, or consent to any action by written consent or resolution with respect to all such matters, as directed
by Seller; provided however, for the avoidance of doubt, Seller’s right to direct the consent or approval of the Private
Placement Securities shall exclude any consent or approval rights with respect to the Purchaser Private Warrants unless and until
they are exercised into Pubco Ordinary Shares;

 

(ii) Holder
hereby appoints, and agrees to cause any Covered Affiliates to appoint, Seller as such Holder’s or its Covered Affiliates’
proxy and attorney-in-fact, with full power and resubstitution, to vote or act by written consent with respect to the Subject Shares
owned by Holder or its Covered Affiliate, such proxy and limited power of attorney granted hereunder to be irrevocable and durable
during the Voting Period, surviving the bankruptcy, death or incapacity of such Holder or its Covered Affiliate, and revoking any
and all prior proxies granted by such Holder or its Covered Affiliate with respect to the matters contemplated hereunder; provided,
that for the avoidance of doubt, the proxy and power of attorney granted hereunder will automatically terminate upon the end of
the Voting Period;

 

(iii) to,
and to cause its Covered Affiliates to, execute and deliver all reasonable and customary related documentation and take such other
necessary reasonable and customary action in order to carry out the terms and provision of Sections 1(a)(i) and 1(a)(ii)
above, including executing any actions by written consent of the Pubco Stockholders presented to such Holder or its Affiliate with
respect to their Subject Shares during the Voting Period; and

 

(iv) not
to deposit, and to cause its Covered Affiliates not to deposit, except as provided in this Agreement, any Subject Shares owned
by such Holder or its Covered Affiliates in a voting trust or subject any of its Subject Shares to any arrangement or agreement
with respect to the voting of such Subject Shares without the prior written consent of Seller (for the avoidance of doubt, the
foregoing will not prevent Transfers to Affiliates or family trusts, so long as the Affiliate or family trust complies with the
requirements of Section 2(a) below).

 

    2

     

    

 

(b) Notwithstanding
anything to the contrary contained in this Agreement, the restrictions set forth in this Agreement shall not apply to any Subject
Shares that are transferred to an unaffiliated third party in a bona fide sale on the open market (an “Open Market
Sale”). For the avoidance of doubt, the restrictions set forth in this Agreement will not apply to any (y) Forfeited
Shares that are forfeited upon the Closing; or (z) any Founder Escrow Shares from the time upon which they are deemed forfeited
under the relevant escrow agreement (i.e. the restrictions and requirements under this Agreement shall apply to such Founder Escrow
Shares up until the time of such forfeiture). If any share certificates for the Subject Shares include any legends relating to
the restrictions set forth in this Agreement, in the event that Holder notifies Pubco that it desires to effect an Open Market
Sale not subject to the requirements of Section 2(a) below, Pubco shall promptly remove or cause its transfer agent to remove
only such relevant restrictive legends on the share certificates for the Subject Shares subject to such Open Market Sale.

 

2. Other
Covenants. 

 

(a) Transfers.
Each Holder agrees that during the Voting Period in the event of any sale, transfer, assignment or other disposition (including
by gift, pledge or grant of security interest) other than an Open Market Sale (“Transfers”) (i) the restrictions
in Section 1 above shall continue to apply to such Subject Shares during the Voting Period and (ii) such assignee or transferee,
as a condition to such Transfer, shall assume in writing the obligations herein and agree to be bound by the terms of this Agreement
with respect to such Subject Shares as if it were an original Holder hereunder.

 

(b) Changes
to Subject Shares. In the event of a stock dividend or distribution paid in shares, or any change in the shares of capital
stock of Pubco by reason of any stock dividend or distribution, stock split, recapitalization, combination, conversion, exchange
of shares or the like, the term “Subject Shares” shall be deemed to refer to and include the Subject Shares as well
as all such shares issued in payment of stock dividends and distributions and any securities into which or for which any or all
of the Subject Shares may be changed or exchanged or which are received in such transaction.

 

3. Representations,
Warranties and Covenants of Holders. Each Holder hereby represents and warrants, severally but not jointly, to Seller as
follows:

 

(a) Binding
Agreement. If such Holder is an entity, (i) such Holder is duly organized and validly existing under the laws of the jurisdiction
of its organization, (ii) such Holder has all necessary power and authority to execute and deliver this Agreement, to perform its
obligations hereunder and to consummate the transactions contemplated hereby and (iii) the execution and delivery of this Agreement,
the performance of its obligations hereunder and the consummation of the transactions contemplated hereby by such Holder has been
duly authorized by all necessary action on the part of such Holder. This Agreement, assuming due authorization, execution and delivery
hereof by the other parties hereto, constitutes a legal, valid and binding obligation of such Holder, enforceable against such
Holder in accordance with its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and other similar laws of general applicability relating to or affecting creditor’s rights, and
to general equitable principles).

 

(b) Ownership
of Subject Shares. As of the date hereof, each Holder has beneficial ownership over the type and number of the Subject Shares
set forth under such Holder’s name on the signature page hereto, is the lawful owner of such Subject Shares and has the sole
power to vote or cause to be voted such Subject Shares.

 

(c) No
Conflicts. No filing with, or notification to, any Governmental Authority, and no consent, approval, authorization or permit
of any other Person is necessary for the execution of this Agreement by such Holder, the performance of its obligations hereunder
or the consummation by it of the transactions contemplated hereby. None of the execution and delivery of this Agreement by such
Holder, the performance of its obligations hereunder or the consummation by it of the transactions contemplated hereby shall, (i)
if such Holder is an entity, conflict with or result in any breach of the Organizational Documents of such Holder, (ii) result
in, or give rise to, a violation or breach of or a default under any of the terms of any material Contract to which such Holder
is a party or by which such Holder or any of the Subject Shares may be bound, or (iii) violate any applicable Law or Order, except
for any of the foregoing in clauses (i) through (iii) as would not reasonably be expected to impair such Holder’s ability
to perform its obligations under this Agreement in any material respect.

 

    3

     

    

 

(d) No
Inconsistent Agreements. Each Holder hereby covenants and agrees that, except for this Agreement, such Holder (i) has not entered
into, nor will enter into at any time while this Agreement remains in effect, any voting agreement or voting trust with respect
to the Subject Shares inconsistent with such Holder’s obligations pursuant to this Agreement, and (ii) has not granted, nor
will grant at any time while this Agreement remains in effect, a proxy, a consent or power of attorney with respect to the Subject
Shares.

 

4. Miscellaneous.

 

(a) Termination.
Notwithstanding anything to the contrary contained herein, this Agreement (along with any proxies or powers of attorney granted
pursuant to this Agreement) shall automatically terminate, as between Seller and Holder, and neither Seller nor any Holder shall
have any rights or obligations hereunder, upon the earlier to occur of (y) the mutual written consent of Seller and the Holders,
and (z) with respect to any Holder, the date on which such Holder and its Affiliates no longer owns any Subject Shares. The termination
of this Agreement shall not prevent any party hereunder from seeking any remedies (at law or in equity) against another party hereto
or relieve such party from liability for such party’s breach of any terms of this Agreement prior to termination. To be clear,
the terms of this Agreement shall continue as between Seller and any transferee further to Section 2(a) hereof.

 

(b) 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 successors and permitted assigns. This Agreement and all obligations of each Holder are personal to
such Holder and may not be assigned, transferred or delegated by a Holder without the prior written consent of Seller, and any
purported assignment, transfer or delegation without such consent shall be null and void ab initio, provided that no such assignment
shall relieve the assigning Party of its obligations hereunder; provided, that the foregoing will not restrict (i) any Open Market
Sale on the terms and conditions of Section 1(b) or (ii) subject to the terms and conditions of Section 2(a) hereof,
Transfers of Subject Shares.

 

(c) 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
that is not a party hereto or thereto or a successor or permitted assign of such a party.

 

(d) Governing
Law; Jurisdiction. This Agreement and any dispute or controversy arising out of or relating to this Agreement shall be governed
by and construed in accordance with the laws of the State of New York, without regard to the conflict of law principles thereof.

 

    4

     

    

 

(e) Arbitration.
Any and all disputes, controversies and claims (other than applications for a temporary restraining order, preliminary injunction,
permanent injunction or other equitable relief or application for enforcement of a resolution under this paragraph) arising out
of, related to, or in connection with this Agreement (a “Dispute”) shall be governed by this paragraph.
A party must, in the first instance, provide written notice of any Disputes to the other parties subject to such Dispute, which
notice must provide a reasonably detailed description of the matters subject to the Dispute. The parties involved in such Dispute
shall seek to resolve the Dispute on an amicable basis within ten (10) business days of the notice of such Dispute being received
by such other parties subject to such Dispute (the “Resolution Period”); provided, that if any Dispute
would reasonably be expected to have become moot or otherwise irrelevant if not decided within sixty (60) days after the occurrence
of such Dispute, then there shall be no Resolution Period with respect to such Dispute. Any Dispute that is not resolved during
the Resolution Period may immediately be referred to and finally resolved by arbitration pursuant to the then-existing rules and
procedures (including any expedited procedures) of the ICC (the “ICC Procedures”). Any party involved
in such Dispute may submit the Dispute to the ICC to commence the proceedings after the Resolution Period. To the extent that the
ICC Procedures and this Agreement are in conflict, the terms of this Agreement shall control. The arbitration shall be conducted
by one arbitrator nominated by the ICC promptly (but in any event within five (5) business days) after the submission of the Dispute
to the ICC and reasonably acceptable to each party subject to the Dispute, which arbitrator shall be a commercial lawyer with substantial
experience arbitrating disputes under voting, shareholder and similar agreements. The arbitrator shall accept his or her appointment
and begin the arbitration process promptly (but in any event within five (5) business days) after his or her nomination and acceptance
by the parties subject to the Dispute. The proceedings shall be streamlined and efficient. The arbitrator shall decide the Dispute
in accordance with the substantive law of the state of New York. Time is of the essence. Each party subject to the Dispute shall
submit a proposal for resolution of the Dispute to the arbitrator within twenty (20) days after confirmation of the appointment
of the arbitrator. The arbitrator shall have the power to order any party subject to the Dispute to do, or to refrain from doing,
anything consistent with this Agreement and applicable Law, including to perform its contractual obligation(s) and providing injunctive
and other equitable relief; provided, that the arbitrator shall be limited to ordering pursuant to the foregoing power (and, for
the avoidance of doubt, shall order) the relevant party (or parties, as applicable) to comply with only one or the other of the
proposals. The arbitrator’s award shall be in writing and shall include a reasonable explanation of the arbitrator’s
reason(s) for selecting one or the other proposal. The seat of arbitration shall be in London, United Kingdom. The language of
the arbitration shall be English.

 

(f) WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (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 THAT FOREGOING WAIVER AND
(ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 4(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 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”) 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 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 hereto, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

    5

     

    

 

(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 facsimile or other electronic means, with affirmative confirmation of receipt, (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, in each case to the applicable
party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

	
        If to Seller to:

        BPGIC Holdings Limited

        P.O. Box 50170

        Fujairah, United Arab Emirates

        Attn: Nicolaas Paardenkooper

        Telephone No.: +971-633-3149

        Email: nico.paardenkooper@bpgic.com
	
        with a copy (which will not constitute notice) to:

        K&L Gates LLP

        599 Lexington Avenue

        New York, NY 10022

        Attn: Robert S. Matlin, Esq.

        Facsimile No.: (212) 536-3901

        Telephone No.: (212) 536-3900

        Email: Robert.Matlin@klgates.com

	If to any Holder, to: the address set forth under such Holder’s name on the signature page hereto (for the avoidance of doubt, any recipient of a Transfer under Section 2(a) may provide a different address in its agreement to be bound by the terms of this Agreement).

 

(i) Amendments
and Waivers. This Agreement may be amended, supplemented or modified only by execution of a written instrument signed by Seller
and the Holders. The terms of this Agreement may only be waived in a writing signed by the party against whom enforcement of such
waiver is sought. 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.

 

(k) Specific
Performance. Each party acknowledges that its obligations under this Agreement are unique, and recognizes that in the event
of a breach of this Agreement by such party, money damages may be inadequate and the non-breaching party may not have adequate
remedy at law. Accordingly, each party shall be entitled to seek an injunction or restraining order to prevent breaches of this
Agreement 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 party may
be entitled under this Agreement, at law or in equity.

 

    6

     

    

 

(l) No
Partnership, Agency or Joint Venture. This Agreement is intended to create a contractual relationship between the Holders,
on one hand, and Seller, on the other hand, and is not intended to create, and does not create, any agency, partnership, joint
venture or any like relationship among any of the parties hereto. Without limiting the generality of the foregoing sentence, each
Holder (i) is entering into this Agreement solely on its own behalf and shall not have any obligation to perform on behalf of any
other Holder or any other holder of Purchaser Ordinary Shares or Pubco Ordinary Shares or securities that have the right to acquire,
convert into or that are exchangeable for the foregoing securities, or any liability (regardless of the legal theory advanced)
for any breach of this Agreement by any other Holder or any other holder of any of the foregoing securities, and (ii) by entering
into this Agreement does not intend to form a “group” for purposes of Rule 13d-5(b)(1) of the Exchange Act or any other
similar provision of applicable law. Each Holder has acted independently regarding its decision to enter into this Agreement. Nothing
contained in this Agreement shall be deemed to vest in Seller any direct or indirect ownership or incidence of ownership of or
with respect to any Subject Shares.

 

(m) Entire
Agreement. This Agreement (together with the Business Combination Agreement to the extent referred to herein) constitutes the
full and entire understanding and agreement among the parties with respect to the subject matter hereof, and any other written
or oral agreement relating to the subject matter hereof existing between the parties is expressly canceled; provided,
that, for the avoidance of doubt, the foregoing shall not affect the post-Closing rights and obligations of the parties under the
Business Combination Agreement or any Ancillary Document. Notwithstanding the foregoing, nothing in this Agreement shall limit
any of the rights or remedies of Seller or any of the obligations of any Holder under any other agreement between a Holder and
Seller or any certificate or instrument executed by any Holder in favor of Seller, and nothing in any other agreement, certificate
or instrument shall limit any of the rights or remedies of Seller or any of the obligations of the Holders under this Agreement.

 

(n) Counterparts;
Email. This Agreement may also be executed by electronic signature and delivered by email in portable document 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 Page Follows}

 

    7

     

    

 

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

 

	 	Seller:
	 	 
	 	BPGIC HOLDINGS LIMITED
	 	 	 
	 	By:	/s/ Nicolaas L. Paardenkooper
	 	Name:	Nicolaas L. Paardenkooper
	 	Title:	Director

 

{Signature Page to Voting Agreement}

 

     

     

    

 

	Holders:
	 
	TWELVE SEAS SPONSORS I LLC

 

	By:	/s/
    Bryant Edwards	 
	Name:	Bryant Edwards	 
	Title:	Chief Operating Officer	 

 

Number and Type of Subject Shares:

 

Founder Shares: 5,075,000 (prior to forfeiture of the Forfeited
Shares under the Founder Share Letter) Private Placement Securities:

- 529,000 Purchaser Ordinary Shares

- 529,000 Purchaser Rights that convert
into 52,900 Purchaser Ordinary Shares at the Closing

- 529,000 Purchaser Private Warrants to
acquire 529,000 Purchaser Ordinary Shares

Other Purchaser Securities Owned At or Prior to the Closing:
0

 

Address for Notice:

 

	Address:	135 East 57th Street, 18th Floor
	 	New York, New York  10022
	Attention:	Stephen N. Cannon
	Tel. No.:	+852 9500 2922
	Email:	steve@twelveseascapital.com

 

with a copy (which will not constitute notice) to:

 

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas, 11th Floor

New York, New York 10105, USA

	Attention:	Stuart Neuhauser, Esq. and Matthew A. Gray, Esq.
	Fax No.:	(212) 370-7889
	Tel. No.:	(212) 370-1300
	Email:	sneuhauser@egsllp.com and mgray@egsllp.com

 

{Signature Page to Voting Agreement}

 

     

     

    

 

	 	/s/ Gregory Stoupnitzky	 
	Name:	  Gregory Stoupnitzky	 

 

Number and Type of Subject Shares:

 

Founder Shares: 50,000 (prior to forfeiture of the Forfeited
Shares under the Founder Share Letter)

Private Placement Securities: ___________

Other Purchaser Securities Owned At or Prior to the Closing:
0

 

Address for Notice:

 

	Address:		 

		 
		 
	Facsimile No.:		 
	Telephone No.:		 
	Email:		 

 

with a copy (which will not constitute notice) to:

 

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas, 11th Floor

New York, New York 10105, USA

	Attention:	Stuart Neuhauser, Esq. and Matthew A. Gray, Esq.
	Fax No.:	(212) 370-7889
	Tel. No.:	(212) 370-1300
	Email:	sneuhauser@egsllp.com and mgray@egsllp.com

 

{Signature Page to Voting Agreement}

 

     

     

    

 

	 	/s/ Suneel G. Kaji	 
	Name:	  Suneel G. Kaji	 

 

Number and Type of Subject Shares:

 

Founder Shares: 50,000 (prior to forfeiture of the Forfeited
Shares under the Founder Share Letter)

Private Placement Securities: ____________

Other Purchaser Securities Owned At or Prior to the Closing:
0

 

Address for Notice:

 

	Address:	                                      	 

                                      

	                                      	 	 
	                                      	 	 
	Facsimile No.:	 	 
	Telephone No.:	                                      	 
	Email:	                                      	 

 

with a copy (which will not constitute notice) to:

 

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas, 11th Floor

New York, New York  10105, USA

	Attention:	Stuart Neuhauser, Esq. and Matthew A. Gray, Esq.
	Fax No.:	(212) 370-7889
	Tel. No.:	(212) 370-1300
	Email:	sneuhauser@egsllp.com and mgray@egsllp.com

 

{Signature Page to Voting Agreement}

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}]]