Document:

Exhibit 10.2

 

INSIDER’S LETTER

 

September 29, 2022

 

Qomolangma Acquisition Corp.

11178 Broadway, 3rd Floor

New York, New York, 10001

 

Underwriter Representative

Ladenburg Thalmann & Co., Inc.

277 Park Avenue, 26th Floor

New York, NY 10172

 

Re: Qomolangma Public Offering;
Voting, Lock-Up and Waiver

 

Ladies and Gentlemen:

 

This letter (this “Letter Agreement”)
is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) to be
entered into by and between Qomolangma Acquisition Corp., a Delaware corporation (the “Company”), and Ladenburg
Thalmann & Co. Inc., as representative (the “Representative”) of the several underwriters (each, an “Underwriter”
and collectively, the “Underwriters”), relating to an underwritten initial public offering (the “Public
Offering”), of 5,750,000 of the Company’s units (including up to 750,000 units that may be purchased to cover over-allotments,
if any) (the “Units”), each comprised of one share of the Company’s common stock, par value $0.0001 per
share (the “Common Stock”), one warrant to purchase one share of Common Stock (“Warrant”)
and one right (“Right”) to receive 1/10th of one share of Common Stock. Each Warrant entitles the holder
thereof to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment. The Units shall be sold in the Public
Offering pursuant to a registration statement on Form S-1 (File No. 333-265447) and prospectus (the “Prospectus”)
filed by the Company with the Securities and Exchange Commission (the “Commission”) and the Company shall apply
to have the Units and components thereof listed on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in Section
12 hereof.

 

In order to induce the Company and the Underwriters
to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Qomolangma Investments LLC (the “Sponsor”) and the undersigned
individuals, each of whom is a member of the Company’s board of directors and/or management team (each, an “Insider”
and collectively, the “Insiders”), hereby agrees with the Company as follows:

 

1. The Sponsor and each Insider agrees that (A)
if the Company seeks stockholder approval of a proposed Business Combination, then in connection with such proposed Business Combination,
it, he or she shall (i) vote any Shares owned by it, him or her in favor of any proposed Business Combination and (ii) not redeem any
Shares owned by it, him or her in connection with such stockholder approval, (B) if the Company engages in a tender offer in connection
with any proposed Business Combination, it, he or she shall not sell any Shares to the Company in connection therewith and (C) if the
Company seeks stockholder approval of any proposed amendment to the Charter prior to the consummation of a Business Combination, it, he
or she shall not redeem any Shares owned by it, him or her in connection with such stockholder approval.

 

     

     

    

 

2. The Sponsor and each Insider hereby agrees that
in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter, the Sponsor
and each Insider shall take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up,
(ii) as promptly as reasonably possible but not more than 10 business days thereafter, subject to lawfully available funds therefor, redeem
100% of the shares of Common Stock sold as part of the Units in the Public Offering (the “Offering Shares”),
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on
the funds held in the Trust Account and not previously released to the Company to pay any taxes (less up to $50,000 of interest to pay
dissolution expenses), divided by the number of then outstanding Offering Shares, which redemption will completely extinguish all Public
Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable
law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining
stockholders and the Company’s board of directors, dissolve and liquidate, subject in the case of clauses (ii) and (iii) above to
the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The Sponsor
and each Insider agrees to not propose any amendment to the Charter (i) that would affect the substance or timing of the Company’s
obligation to redeem 100% of the Offering Shares if the Company does not complete a Business Combination within the time period described
in the Prospectus or (ii) with respect to any other provision relating to stockholders’ rights or pre-Business Combination activity,
unless the Company provides its public stockholders with the opportunity to redeem their shares of Common Stock upon approval of any such
amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest
earned on the funds held in the Trust Account and not previously released to the Company to pay any taxes, divided by the number of then
outstanding Offering Shares.

 

3. The undersigned hereby waives any right to exercise
redemption rights with respect to any shares of the Company’s Common Stock owned or to be owned by the undersigned, directly or
indirectly (or to sell such shares to the Company in a tender offer), whether such shares are Founder Shares, shares underlying the Private
Placement Units or shares purchased by the undersigned in the Public Offering or in the aftermarket, and agrees that it, he or she will
not seek redemption with respect to such shares in connection with any vote to approve a Business Combination or an amendment to the Charter
described in paragraph 2 above (or sell such shares to the Company in a tender offer in connection with such a Business Combination or
such amendment). The Sponsor and each Insider acknowledges that it, he or she has no right, title, interest or claim of any kind in or
to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to
the Founder Shares and Private Placement Units held by it, him or her. The Sponsor and each Insider hereby further waives any claim such
Sponsor or Insider may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not
seek recourse against the Trust Account for any reason whatsoever except in each case with respect to the Insider’s right to a pro
rata interest in the proceeds held in the Trust Account with respect to liquidating distributions from the Trust Account for any Offering
Shares such Sponsor or Insider may hold if we fail to complete our initial Business Combination within the required time frame. Without
limiting the foregoing, the Sponsor and each Insider acknowledges that, if the Company does not complete a Business Combination, any amounts
loaned to the Company to extend the deadline for the completion of a Business Combination (as described in the Prospectus) will not be
repaid and such Sponsor or Insider waives any claim it, he or she may have against the Company or the Trust Account with respect thereto.

 

4. During the period commencing on the effective
date of the Underwriting Agreement and ending 180 days after such date, the Sponsor and each Insider shall not, without the prior written
consent of the Representative, (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or
otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or
decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules
and regulations of the Commission promulgated thereunder, with respect to any Units, shares of Common Stock, Founder Shares, Warrants,
Rights or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock owned by it, him or her, (ii) enter
into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any
Units, shares of Common Stock, Founder Shares, Warrants, Rights or any securities convertible into, or exercisable, or exchangeable for,
shares of Common Stock owned by it, him or her, whether any such transaction is to be settled by delivery of such securities, in cash
or otherwise, or (iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii). Each of the Insiders
and the Sponsor acknowledges and agrees that, prior to the effective date of any release or waiver, of the restrictions set forth in this
Section 4 or Section 8 below, the Company shall announce the impending release or waiver by press release through a major news service
at least two business days before the effective date of the release or waiver. Any release or waiver granted shall only be effective two
business days after the publication date of such press release. The provisions of this Section will not apply if the release or waiver
is effected solely to permit a transfer not for consideration and the transferee has agreed in writing to be bound by the same terms described
in this Letter Agreement to the extent and for the duration that such terms remain in effect at the time of the transfer.

 

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5. In the event of the liquidation of the Trust
Account, the Sponsor (which for purposes of clarification shall not extend to any other shareholders, members or managers of the Sponsor)
agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including,
but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation,
whether pending or threatened, or any claim whatsoever) to which the Company may become subject as a result of any claim by (i) any third
party for services rendered or products sold to the Company or (ii) a prospective target business with which the Company has entered into
a letter of intent, confidentiality or other similar agreement or a Business Combination agreement (a “Target”);
provided, however, that such indemnification of the Company by the Sponsor shall apply only to the extent necessary to ensure
that such claims by a third party for services rendered (other than the Company’s independent public accountants) or products sold
to the Company or a Target do not reduce the amount of funds in the Trust Account to below (i) $10.10 per share of the Offering Shares
or (ii) such lesser amount per share of the Offering Shares held in the Trust Account due to reductions in the value of the trust assets
as of the date of the liquidation of the Trust Account, in each case, net of the amount of interest earned on the property in the Trust
Account which may be withdrawn to pay taxes, except as to any claims by a third party (including a Target) who executed a waiver of any
and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the Underwriters
against certain liabilities, including liabilities under the Securities Act of 1933, as amended. In the event that any such executed waiver
is deemed to be unenforceable against such third party, the Sponsor shall not be responsible to the extent of any liability for such third-party
claims. The Sponsor shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory to the Company
if, within 15 days following written receipt of notice of the claim to the Sponsor, the Sponsor notifies the Company in writing that it
shall undertake such defense.

 

6. To the extent that the Underwriters do not exercise
their over-allotment option to purchase up to an additional 750,000 Units within 45 days from the date of the Prospectus (and as further
described in the Prospectus), the Sponsor agrees to forfeit, at no cost, a number of Founder Shares in the aggregate equal to 187,500
multiplied by a fraction, (i) the numerator of which is 750,000 minus the number of Units purchased by the Underwriters upon the exercise
of their over-allotment option, and (ii) the denominator of which is 750,000.

 

7. The Sponsor and each Insider hereby agrees and
acknowledges that: (i) the Underwriters and the Company would be irreparably injured in the event of a breach by such Sponsor or an Insider
of its, his or her obligations under Sections 1, 2, 3, 4, 5, 8(a), 8(b), and 9, as applicable, of this Letter Agreement; (ii) monetary
damages may not be an adequate remedy for such breach; and (iii) the non-breaching party shall be entitled to injunctive relief, in addition
to any other remedy that such party may have in law or in equity, in the event of such breach.

 

8.           (a)           The Sponsor and each Insider agrees
that it, he or she shall not (a) Transfer 50% of their Founder Shares until the earlier of (A) six months after the consummation of the
Company’s initial Business Combination or (B) the date on which the closing price of the shares of Common Stock equals or exceeds
$12.50 per share (as adjusted for share splits, share capitalizations, rights issuances, subdivisions, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination
or (b) Transfer the remaining 50% of their Founder Shares until six months after the date of the consummation of the Company’s initial
Business Combination, or earlier in either case, if subsequent to the Company’s initial Business Combination the Company completes
a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s stockholders
having the right to exchange their shares of Common Stock for cash, securities or other property (the “Founder Shares Lock-up
Period”).

 

(b) The Sponsor and each Insider agrees that it,
he or she shall not Transfer any Private Placement Units (or Warrants and shares of Common Stock issued or issuable upon the conversion
of the Private Placement Units and the Rights underlying such Private Placement Units), until 30 days after the completion of a Business
Combination (the “Private Placement Units Lock-up Period”, together with the Founder Shares Lock-up Period,
the “Lock-up Periods”).

 

(c) Notwithstanding the provisions set forth in Sections
8(a) and (b), Transfers of the Founder Shares, Private Placement Units, Rights and Warrants and shares of Common Stock issued or issuable
upon the exercise or conversion of the Private Placement Units and the Rights underlying such Private Placement Units held by the Sponsor,
any Insider or any of their permitted transferees (that have complied with this Section 8(c)), are permitted (a) to the Company’s
officers or directors, any affiliates or family members of any of the Company’s officers or directors, any members of the Sponsor,
or any affiliates of the Sponsor; (b) in the case of an individual, transfers by gift to a member of the individual’s immediate
family, to a trust, the beneficiary of which is a member of the individual’s immediate family or an affiliate of such person, or
to a charitable organization; (c) in the case of an individual, transfers by virtue of laws of descent and distribution upon death of
the individual; (d) in the case of an individual, transfers pursuant to a qualified domestic relations order; (e) transfers by private
sales or transfers made in connection with the consummation of a Business Combination at prices no greater than the price at which the
securities were originally purchased; (f) transfers in the event of the Company’s liquidation prior to the completion of an initial
Business Combination; (g) transfers by virtue of the laws of the State of Delaware or the Sponsor’s limited liability company agreement
upon dissolution of the Sponsor; (h) in the event of the Company’s liquidation, merger, share exchange, reorganization or other
similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of Common Stock
for cash, securities or other property subsequent to the completion of the Company’s initial Business Combination; and (i) transfers
in connection with the Company’s initial Business Combination with the Company’s consent to any third party; provided, however,
that in the case of clauses (a) through (e), (h) and (i), these permitted transferees must enter into a written agreement agreeing to
be bound by the restrictions herein.

 

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9. The Sponsor and each Insider represents and
warrants that it, he or she has never been suspended or expelled from membership in any securities or commodities exchange or association
or had a securities or commodities license or registration denied, suspended or revoked. Each Insider’s biographical information
furnished to the Company and the Representative (including any such information included in the Prospectus) is true and accurate in all
respects and does not omit any material information with respect to the undersigned’s background. Each undersigned’s questionnaire
furnished to the Company is true and accurate in all respects. Each Insider represents and warrants that: it, he or she is not subject
to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any
act or practice relating to the offering of securities in any jurisdiction; it or he has never been convicted of, or pleaded guilty to,
any crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining
to any dealings in any securities and it or he is not currently a defendant in any such criminal proceeding.

 

10. Except as disclosed in the Prospectus, neither
the Sponsor nor any Insider nor any affiliate of the Sponsor or any Insider, nor any director or officer of the Company, shall receive
from the Company any finder’s fee, reimbursement, or cash payments prior to, or in connection with any services rendered in order
to effectuate the consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is),
other than the amounts described in the Prospectus under the heading “Summary – The Offering – Limited Payments to Insiders.”

 

11. The Sponsor and each Insider has full right
and power, without violating any agreement to which it is bound (including, without limitation, any non-competition or non-solicitation
agreement with any employer or former employer), to enter into this Letter Agreement and, as applicable, to serve as an officer and/or
director on the board of directors of the Company and hereby consents to being named in the Prospectus as an officer and/or director of
the Company.

 

12. As used herein, (i) “Business Combination”
shall mean a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving the
Company and one or more businesses; (ii) “Shares” shall mean, collectively, the shares of Common Stock and the
Founder Shares; (iii) “Founder Shares” shall mean the 1,437,500 shares of Common Stock, initially issued to
the Sponsor (up to 187,500 Shares of which are subject to complete or partial forfeiture by the Sponsor if the over-allotment option is
not exercised by the Underwriters) for an aggregate purchase price of $25,000, or $0.0174 per share, prior to the consummation of the
Public Offering; (iv) “Initial Stockholders” shall mean the Sponsor and any Insiders that hold Founder Shares;
(v) “Private Placement Units” shall mean the up to 260,500 Units which the Sponsor has agreed to purchase for
an aggregate purchase price of $2,605,000, or $10.00 per Private Placement Unit, in a private placement that shall occur simultaneously
with the consummation of the Public Offering (subject to increase to up to 284,875 units for the exercise of the over-allotment); (vi)
“Public Stockholders” shall mean the holders of securities issued in the Public Offering; (vii) “Trust
Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited with
American Stock Transfer & Trust Company, LLC; (viii) “Transfer” shall mean the (a) sale of, offer to sell,
contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of,
directly or indirectly, 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 Securities Exchange Act of 1934, as amended, and the rules and regulations
of the Commission promulgated thereunder with respect to, any security, (b) 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 (c) public announcement of any intention to effect any transaction specified
in clause (a) or (b); and (ix) “Charter” shall mean the Company’s amended and restated certificate of
incorporation, as the same may be amended from time to time.

 

13. This Letter Agreement constitutes the entire
agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements,
or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof
or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct
a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

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14. No party hereto may assign either this Letter
Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported
assignment in violation of this Section shall be void and ineffectual and shall not operate to transfer or assign any interest or title
to the purported assignee. This Letter Agreement shall be binding on the Sponsor and each Insider and their respective successors, heirs
and assigns and permitted transferees.

 

15. Nothing in this Letter Agreement shall be construed
to confer upon, or give to, any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this
Letter Agreement or of any covenant, condition, stipulation, promise or agreement hereof; provided, however, Ladenburg Thalmann &
Co. Inc. as representative of the Underwriters shall be deemed a beneficiary hereof and be entitled to enforce the provisions of this
Agreement. All covenants, conditions, stipulations, promises and agreements contained in this Letter Agreement shall be for the sole and
exclusive benefit of the parties hereto and their successors, heirs, personal representatives and assigns and permitted transferees.

 

16. This Letter Agreement may be executed in any
number of original or facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all
such counterparts shall together constitute but one and the same instrument.

 

17. This Letter Agreement shall be deemed severable,
and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Letter
Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties
hereto intend that there shall be added as a part of this Letter Agreement a provision as similar in terms to such invalid or unenforceable
provision as may be possible and be valid and enforceable.

 

18. This Letter Agreement shall be governed by
and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles
that would result in the application of the substantive laws of another jurisdiction. The parties hereto (i) all agree that any action,
proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced in the courts
of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall
be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

 

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

 

20. This Letter Agreement shall terminate on the
earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation of the Company; provided, however, that this Letter Agreement
shall earlier terminate in the event that the Public Offering is not consummated and closed by October 10, 2022; provided further that
Section 5 of this Letter Agreement shall survive such liquidation.

  

[Signature Page to Letter Agreement]

 

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	 	COMPANY:
	 	Qomolangma Acquisition Corp.
	 	 
	 	By:	/s/
    Jonathan P. Myers 
	 	Name:	 
	 	Title:	 
	 	 
	 	SPONSOR:
	 	Qomolangma Investments LLC
	 	 
	 	By:	/s/ Guojian
    Zhang 
	 	Name: 	 
	 	Title:	 

 	 	OFFICERS AND DIRECTORS:
	 	 
	 	/s/ Jonathan P. Myers
	 	Jonathan P. Myers, Chairman, President and Chief Executive Officer
	 	 
	 	/s/ Hao Shen
	 	Hao Shen, Chief Financial Officer and Director
	 	 
	 	/s/ Jialuan Ma
	 	Jialuan Ma, Director
	 	 
	 	/s/ Yong Seog Jung
	 	Yong Seog Jung, Director
	 	 
	 	/s/ Lin Shi
	 	Lin Shi, Director

 

 

6Exhibit 10.3

 

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment Management Trust Agreement (this “Agreement”)
is made as of September ___, 2022 by and between Qomolangma Acquisition Corp. (the “Company”) and American Stock Transfer
& Trust Company, LLC, a New York limited liability trust company, with offices at 6201 15th Avenue, Brooklyn, NY 11219 (the “Trustee”).

 

WHEREAS, the Company’s registration statement on Form S-1, No.
333-265447 (“Registration Statement”), for its initial public offering of securities (“IPO”) has been declared
effective as of the date hereof (“Effective Date”) by the U.S. Securities and Exchange Commission (capitalized terms used
herein and not otherwise defined shall have the meanings set forth in the Registration Statement); and

 

WHEREAS, Ladenburg Thalmann
& Co. Inc. (“Ladenburg”) is acting as the representative of the underwriters in the IPO; and

 

WHEREAS, simultaneously with the IPO, Qomolangma Investments LLC, the
Company’s sponsor, will be purchasing 260,500 private units (“Private Placement Units”) at $10.00 per private unit (for
a total purchase price of $2,605,000). Qomolangma Investments LLC has also agreed that if the over-allotment option is exercised by the
underwriters, they will purchase from us up to a maximum of an additional 24,375 private units at a price of $10.00 per private unit (for
a total purchase price of $2,848,750 if the over-allotment option is exercised in full).

 

WHEREAS, as described in the Registration Statement, and in accordance
with the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time (the “Charter”),
$50,750,000 of the gross proceeds of the IPO and sale of the Private Placement Units ($58,362,500 if the underwriters’ over-allotment
option is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times
in the United States for the benefit of the Company and the holders of the Company’s shares of common stock, par value $0.0001 per
share (“Common Stock”), issued in the IPO as hereinafter provided (the amount to be delivered to the Trustee will be referred
to herein as the “Property”; the stockholders for whose benefit the Trustee shall hold the Property will be referred to as
the “Public Stockholders,” and the Public Stockholders and the Company will be referred to together as the “Beneficiaries”);
and

 

WHEREAS, pursuant to the Underwriting
Agreement to be entered into between the Company and the underwriters in connection with the IPO, a portion of the Property equal to $2,000,000,
or $2,300,000 if the underwriters’ over-allotment option is exercised in full, is attributable to deferred underwriting discounts
and commissions that may become payable by the Company to the underwriters upon the consummation of an initial business combination (as
described in the Registration Statement, a “Business Combination”); and

 

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

 

IT IS AGREED:

 

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

 

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

 

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

 

(c) In a timely manner, upon
the instruction of the Company, invest and reinvest the Property (i) in United States government treasury bills, notes or bonds having
a maturity of 185 days or less and/or (ii) in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment
Company Act of 1940, as amended, and that invest solely in U.S. treasuries, as determined by the Company;

 

     

     

    

 

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

 

(e) Notify the Company and the
Underwriters of all communications received by it with respect to any Property requiring action by the Company;

 

(f) Supply any necessary information
or documents as may be requested by the Company in connection with the Company’s preparation of its tax returns;

 

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

 

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

 

(i) Commence liquidation of
the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of a letter (“Termination Letter”),
in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, signed on behalf of the Company by its President,
Chief Executive Officer or Chairman of the Board and Secretary or Assistant Secretary and, in the case of a Termination Letter in a form
substantially similar to that attached hereto as Exhibit A, acknowledged and agreed to by Ladenburg, and complete the liquidation of the
Trust Account and distribute the Property in the Trust Account only as directed in the Termination Letter and the other documents referred
to therein; provided, however, that in the event that a Termination Letter has not been received by the Trustee by the 9-month anniversary
of the closing of the IPO (“Closing”) or, in the event that the Company extended the time to complete the Business Combination
up to the 21-month anniversary from the closing of the IPO by depositing $166,667 (or $191,667 if the underwriters’ over-allotment
option was exercised in full) for each 1-month extension, but has not completed the Business Combination within such additional period,
as applicable, the 9-month anniversary of the Closing plus such extension (as applicable, the “Last Date”), the Trust Account
shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B hereto and distributed
to the Public Stockholders as of the Last Date.

 

(j) Upon receipt of an extension
letter (“Extension Letter”) substantially similar to Exhibit D hereto at least five days prior to the then-applicable Last
Date (the “Applicable Deadline”), signed on behalf of the Company by an executive officer, and receipt of the dollar amount
specified in the Extension Letter at least five days prior to the Applicable Deadline, to follow the instructions set forth in the Extension
Letter.

 

(k) Upon receipt of a letter
(an “Amendment Notification Letter”) in the form of Exhibit E hereto, signed on behalf of the Company by its Chief Executive
Officer or Chief Financial Officer, distribute to Public Stockholders who exercised their redemption rights in connection with an amendment
to the Company’s amended and restated certificate of incorporation (an “Amendment”) an amount per-share equal to the
aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable), divided by the
number of then issued and outstanding shares of Common Stock, for which Public Stockholders have exercised redemption rights in connection
with such Amendment.

 

(l) In connection with a Business
Combination, disburse the per share amount to redeeming Public Stockholders (other than shares tendered through the Depository Trust Company)
that have tendered their shares directly to the Trustee, at a per-share price equal to the aggregate amount then on deposit in the Trust
Account as of two business days prior to the consummation of the Business Combination, including interest (which interest shall be
net of taxes payable), divided by the number of then issued and outstanding shares of Common Stock.

 

2. Limited Distributions of Income from Trust
Account.

 

(a) Upon written request from
the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C, the Trustee shall
distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other
tax obligation owed by the Company.

 

    2

     

    

 

(b) The limited distributions
referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a), no other
distributions from the Trust Account shall be permitted except in accordance with Section 1(i) hereof.

 

(c) The Company shall provide
the Underwriters with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to
any proposed withdrawal from the Trust Account promptly after such issuance.

 

(d) If applicable, the Company
shall issue a press release at least three days prior to the Applicable Deadline announcing that, at least five days prior to the Applicable
Deadline, the Company received notice from the Company’s insiders that the insiders intend to extend the Applicable Deadline.

 

(e) The day after the Applicable
Deadline, the Company shall issue a press release announcing whether or not the funds needed to extend the term of the Company to consummate
a Business Combination have been timely deposited.

 

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

 

(a) Give all instructions to
the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, Chief Executive Officer or Chief Financial Officer.
In addition, except with respect to its duties under Sections 1(i), 2(a) and 2(b) above, the Trustee shall be entitled to rely on, and
shall be protected in relying on, any verbal or telephonic advice or instruction which it in good faith believes to be given by any one
of the persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions in writing.

 

(b) Subject to the provisions
of Sections 5 and 7(g) of this Agreement, hold the Trustee harmless and indemnify the Trustee from and against, any and all expenses,
including reasonable counsel fees and disbursements, or loss suffered by the Trustee in connection with any claim, potential claim, action,
suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand which in any way arises
out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any income earned from investment of the
Property, except for expenses and losses resulting from the Trustee’s gross negligence, willful misconduct or bad faith. Promptly
after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which
the Trustee intends to seek indemnification under this paragraph, it shall notify the Company in writing of such claim (hereinafter referred
to as the “Indemnified Claim”); provided, however, that the Trustee’s failure to provide such notice shall not relieve
the Company of its liability hereunder, except to the extent that it is materially prejudiced by such failure. The Trustee shall have
the right to conduct and manage the defense against such Indemnified Claim, provided, that the Trustee shall obtain the consent of the
Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The Trustee may not agree to settle
any Indemnified Claim without the prior written consent of the Company, which consent shall not be unreasonably withheld or delayed. The
Company may participate in such action with its own counsel and the Trustee shall reasonably cooperate with the Company and its counsel
in connection therewith.

 

(c) Pay the Trustee the initial acceptance fee, a monthly fee and a
one-time service fee as set forth on Schedule A hereto, which fees shall be subject to modification by the parties from time to time.
It is expressly understood that the Property shall not be used to pay such fees and further agreed that any fees owed to the Trustee shall
be deducted by the Trustee from the disbursements made to the Company pursuant to Sections 1(i) solely in connection with the consummation
of the Company’s initial acquisition, share exchange, share reconstruction and amalgamation, purchase of all or substantially all
of the assets of, or any other similar business combination with one or more businesses or entities, or pursuant to Section 2 (b). The
Company shall pay the Trustee the initial acceptance fee and first year’s fee at the consummation of the IPO and thereafter on the
anniversary of the Effective Date.

 

    3

     

    

  

(d) In connection with any vote
of the Company’s stockholders regarding a Business Combination, provide to the Trustee an affidavit or certificate of a firm regularly
engaged in the business of soliciting proxies and/or tabulating shareholder votes verifying the vote of the Company’s stockholders
regarding such Business Combination.

 

(e) In the event that the Company
directs the Trustee to commence liquidation of the Trust Account pursuant to Section 1(i), the Company agrees that it will not direct
the Trustee to make any payments that are not specifically authorized by this Agreement.

 

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

 

(a) Take any action with respect
to the Property, other than as directed pursuant to Sections 1 and 2 hereof and the Trustee shall have no liability to any party except
for liability arising out of its own gross negligence, willful misconduct or bad faith;

 

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

 

(c) Change the investment of
any Property, other than in compliance with Section 1(c);

 

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

 

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

 

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

 

(g) Verify the correctness of
the information set forth in the Registration Statement or to confirm or assure that any acquisition made by the Company or any other
action taken by it is as contemplated by the Registration Statement;

 

(h) File local, state and/or
federal tax returns or information returns with any taxing authority on behalf of the Trust Account and payee statements with the Company
documenting the taxes, if any, payable by the Company or the Trust Account, relating to the income earned on the Property;

 

(i) Pay any taxes on behalf
of the Trust Account (it being expressly understood that the Property shall not be used to pay any such taxes and that such taxes, if
any, shall be paid by the Company from funds not held in the Trust Account or released to it under Section 2(a) hereof);

 

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

 

(k) Verify calculations, qualify
or otherwise approve Company requests for distributions pursuant to Section 1(i), 2(a) or 2(b) above.

 

    4

     

    

  

5. Trust Account Waiver. The Trustee has
no right of set-off or any other right, title, interest or claim of any kind (“Claim”) to, or to any monies in or to any distribution
of, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in or to any distribution of, the Trust Account that
it may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without
limitation, under Section 3(b) or Section 3(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside
the Trust Account and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account
for any reason whatsoever.

 

6. Termination and Consolidation or Merger
of Trustee.

 

This Agreement shall terminate as follows:

 

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

 

(b) At such time that the Trustee
has completed the liquidation of the Trust Account in accordance with the provisions of Section 1(i) hereof, and distributed the Property
in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Section 3(b).

 

(c) Any entity into which the
Trustee may be merged or with which it may be consolidated or any entity resulting from any merger or consolidation to which the Trustee
shall be a party shall be the successor Trustee under this Agreement without any further act.

 

7. Miscellaneous.

 

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

 

(b) 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 conflicts of law
principles that would result in the application of the substantive laws of another jurisdiction. It may be executed in several original
or facsimile counterparts, each one of which shall constitute an original, and together shall constitute but one instrument.

 

(c) This Agreement contains
the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except for Sections 1(i),
1(k), 1(l), and 7(c) (which may only be amended with the approval of the holders of at least 65% or more of the outstanding shares
of the Common Stock of the Company present and entitled to vote at the meeting to approve such amendment voting together as a single
class), this Agreement or any provision hereof may only be changed, amended or modified by a writing signed by each of the parties
hereto; provided, however, that no such change, amendment or modification may be made without the prior written consent of the
Underwriters. As to any claim, cross-claim or counterclaim in any way relating to this Agreement, each party waives the right to
trial by jury.

 

    5

     

    

 

(d) The parties hereto consent
to the jurisdiction and venue of any state or federal court located in the City of New York, Borough of Manhattan, for purposes of resolving
any disputes hereunder.

  

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

 

if to the Trustee, to:

 

American Stock Transfer
& Trust Company, LLC

6201 15th Avenue, Brooklyn, NY 11219

Attn: Relationship
Management

Email: admin12@astfinancial.com

 

if to the Company, to:

 

Qomolangma Acquisition Corp.

1178 Broadway, 3rd Floor

New York, NY 10001

Attn: Jonathan P. Myers, Chief Executive Officer

 

in either case with a copy (which copy shall not
constitute notice) to:

 

Ladenburg Thalmann & Co. Inc.

640 5th Ave., 4th Floor

New York, NY 10019

Attn.: Steven Kaplan

Email: skaplan@ladenburg.com

Facsimile: (212) 409-2169

 

and:

 

Kramer Levin Naftalis & Frankel LLP

1177 Avenue of the Americas

New York, NY 10036

Attn: Christopher S. Auguste

Facsimile: (212) 715-8277

 

and:

 

Wilson Sonsini Goodrich & Rosati, Professional Corporation

1301 Avenue of the Americas

New York, NY 10019

Attn: Chris F. Fennell and Sally Yin

Facsimile: (212) 407-4990

 

    6

     

    

 

(f) This Agreement may not be
assigned by the Trustee without the prior consent of the Company.

 

(g) Each of the Trustee and
the Company hereby represents that it has the full right and power and has been duly authorized to enter into this Agreement and to perform
its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed
against the Trust Account, including without limitation by way of set-off, and shall not be entitled to any funds in the Trust Account
under any circumstance.

  

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

 

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

 

(j) Each of the Company and
the Trustee hereby acknowledge that the Underwriters are a third party beneficiary of this Agreement and that each Public Stockholder
is a third party beneficiary of Sections 1(i), 1(k), and 7(c).

 

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

 

[Signature Page Follows]

 

    7

     

    

 

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

 

	 	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Trustee
	 	 
	 	By:	/s/Barbara J. Robbins 
	 	 	Name:	Barbara J. Robbins          
	 	 	Title: 	Senior Vice President

 

	 	QOMOLANGMA ACQUISITION CORP.
	 	 
	 	By:	/s/Jonathan P. Myers 
	 	 	Name: 	Jonathan P. Myers
	 	 	Title:	Chief Executive Officer 

 

Signature Page to the
Investment Management Trust Agreement

 

    

     

    

 

SCHEDULE A

 

	Fee Item	 	Amount	 
	One-Time Fee	 	$	4,000	 
	Trustee Services Fee	 	$	8,000	 
	Warrant Agent Acceptance Fee	 	$	5,000	 
	Rights Agent Acceptance Fee	 	$	6,000	 
	Monthly Fee	 	$	1,100	 

 

    Sch-A-1

     

    

 

EXHIBIT A

 

Qomolangma Acquisition Corp.

1178 Broadway, 3rd Floor

New York, New York 10001

[Insert date]

 

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, NY 11219

Attn: Relationship Management

 

	 	Re:	Trust Account - Termination Letter

 

Ladies and Gentlemen:

 

Pursuant to Section 1(i) of
the Investment Management Trust Agreement between Qomolangma Acquisition Corp. (“Company”) and American Stock Transfer &
Trust Company, LLC (“Trustee”), dated as of [*], 2022 (“Trust Agreement”), this is to advise you that the Company
has entered into an agreement with [___________] (“Target Business”) to consummate a business combination with Target Business
(“Business Combination”) on or about [insert date]. The Company shall notify you at least 72 hours in advance
of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and
not otherwise defined shall have the meanings set forth in the Trust Agreement.

 

In accordance with the terms
of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments and to transfer the proceeds to the Trust Account
to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the
account or accounts that the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on
deposit in the Trust Account awaiting distribution, the Company will not earn any interest or dividends.

 

On the Consummation Date (i)
counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, and (ii) the Company
shall deliver to you (a) a certificate of the Chief Executive Officer, which verifies the vote of the Company’s stockholders in
connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and Ladenburg Thalmann
& Co. Inc. with respect to the transfer of the funds held in the Trust Account, which shall include the amount owed to Public Stockholders
who have properly redeemed their shares of Common Stock, including the amount per share deposited in the Trust Account per any Extension
Letter(s) (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately
upon your receipt of the counsel’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In
the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify
the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed
after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof,
the Trust Agreement shall be terminated.

 

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

 

	 	Very truly yours,
	 	 
	 	QOMOLANGMA ACQUISITION CORP.
	 	 
	 	By:	 
	 	 	Name:	                 
	 	 	Title:	 

 

	 	By:	 
	 	 	Name:	
	 	 	Title: 	Secretary/Assistant Secretary

 

Acknowledged and Agreed:

Ladenburg Thalmann & Co. Inc.

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

    A-1

     

    

 

EXHIBIT B

 

Qomolangma Acquisition Corp.

1178 Broadway, 3rd Floor

New York, New York 10001

[Insert date]

 

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, NY 11219

Attn: Relationship Management

 

	 	Re:	Trust Account - Termination Letter

 

Ladies and Gentlemen:

 

Pursuant to Section 1(i) of
the Investment Management Trust Agreement between Qomolangma Acquisition Corp. (“Company”) and American Stock Transfer &
Trust Company, LLC (“Trustee”), dated as of [*], 2022 (“Trust Agreement”), this is to advise you that the Company
has been unable to effect a Business Combination with a Target Company within the time frame specified in the Company’s Amended
and Restated Certificate of Incorporation, as described in the Company’s prospectus relating to its IPO. Capitalized terms used
herein and not otherwise defined shall have the meanings set forth in the Trust Agreement.

 

In accordance with the terms
of the Trust Agreement, we hereby authorize you to liquidate all the Trust Account investments and to transfer the total proceeds to the
account designated by the Company to await distribution to the Public Stockholders. The Company has selected [___, 20 ] as the record
date for the purpose of determining when the Public Stockholders will be entitled to receive their share of the liquidation proceeds.
It is acknowledged that no interest will be earned by the Company on the liquidation proceeds while on deposit in the account designated
by the Company. You agree to be the Paying Agent of record and in your separate capacity as Paying Agent, to distribute said funds directly
to the Public Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Certificate of Incorporation
of the Company. Upon the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated.

 

	 	Very truly yours,
	 	 
	 	QOMOLANGMA ACQUISITION CORP.
	 	 
	 	By:	 
	 	 	Name:	                 
	 	 	Title:	 

 

	 	By:	 
	 	 	Name:	 
	 	 	Title: 	Secretary/Assistant Secretary

 

		cc:	Ladenburg Thalmann & Co. Inc. 

 

    B-1

     

    

 

EXHIBIT C

 

Qomolangma Acquisition Corp.

1178 Broadway, 3rd Floor

New York, New York 10001

 

[Insert date]

 

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, NY 11219

Attn: Relationship Management

 

		Re:	Trust Account – Tax Withdrawal Instruction Letter

 

Pursuant to Section 2(a) of
the Investment Management Trust Agreement between Qomolangma Acquisition Corp. (“Company”) and American Stock Transfer &
Trust Company, LLC (“Trustee”), dated as of [*], 2022 (“Trust Agreement”), the Company hereby requests that you
deliver to the Company [$       ] of the interest income earned on the Property as of the date hereof.
The Company needs such funds to pay for its tax obligations. In accordance with the terms of the Trust Agreement, you are hereby directed
and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account
at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	QOMOLANGMA ACQUISITION CORP.
	 	 
	 	By:	 
	 	 	Name:        
	 	 	Title:

 

		cc:	Ladenburg Thalmann & Co. Inc. 

 

    C-1

     

    

 

EXHIBIT D

 

Qomolangma Acquisition Corp.

1178 Broadway, 3rd Floor

New York, New York 10001

 

[Insert date]

 

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, NY 11219

Attn: Relationship Management

 

	 	Re:	Trust Account - Extension Letter

 

Ladies and Gentlemen:

 

Pursuant to Section 1(j) of
the Investment Management Trust Agreement between Qomolangma Acquisition Corp. (“Company”) and American Stock Transfer &
Trust Company, LLC, dated as of [*], 2022 (“Trust Agreement”), this is to advise you that the Company is extending the time
available in order to consummate a Business Combination with the Target Businesses for an additional one (1) month, from ______________
to ____________ (the “Extension”).

 

This Extension Letter shall
serve as the notice required with respect to Extension prior to the Applicable Deadline. Capitalized words used herein and not otherwise
defined shall have the meanings ascribed to them in the Trust Agreement.

 

In accordance with the terms
of the Trust Agreement, we hereby authorize you to deposit $166,667 (or $191,667 if the underwriters’ over-allotment option was
exercised in full), which will be wired to you, into the Trust Account investments upon receipt.

 

This is our _______ of up
to nine 1-month extension requests.

 

	 	Very truly yours,
	 	 
	 	QOMOLANGMA ACQUISITION CORP.
	 	 
	 	By:	 
	 	 	Name:         
	 	 	Title:

 

		cc:	Ladenburg Thalmann & Co. Inc. 

 

    D-1

     

    

 

EXHIBIT E

 

Qomolangma Acquisition Corp.

1178 Broadway, 3rd Floor

New York, New York 10001

 

[Insert date]

 

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, NY 11219

Attn: Relationship Management

 

	 	Re:	Trust Account - Amendment Notification Letter

 

Ladies and Gentlemen:

 

Reference is made to that
certain Investment Management Trust Agreement between Qomolangma Acquisition Corp (“Company”) and American Stock Transfer
& Trust Company, LLC, dated as of [*], 2022 (“Trust Agreement”). Capitalized words used herein and not otherwise defined
shall have the meanings ascribed to them in the Trust Agreement.

 

Pursuant to Section 1(k) of
the Trust Agreement, this is to advise you that the Company has sought an Amendment. Accordingly, in accordance with the terms of the
Trust Agreement, we hereby authorize you to liquidate a sufficient portion of the Trust Account and to transfer $           from
the Trust Account to the account designated by the Company for distribution to the Public Stockholders that have requested redemption
of their Common Stock in connection with such Amendment. The remaining funds shall be reinvested by you as previously instructed.

 

	 	QOMOLANGMA ACQUISITION CORP.
	 	 
	 	By:	 
	 	 	Name:        
	 	 	Title:

 

	cc:	Ladenburg Thalmann & Co. Inc. 

 

 

 

E-1

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