Document:

Exhibit 10.7

 

 

 

01 January 2022

 

Name : Yong Hui Wun

NRIC: 900510-13-7650

Address : 76, Jalan Saintis U1/69, Temasya Sinar 40150 Shah Alam

 

Dear Vivian,

 

LETTER OF APPOINTMENT 

 

We are pleased to offer you the position of Chief
Operating Officer with V CAPITAL KRONOS BERHAD (Company No.: 202001025893 (1382213V)), (hereinafter referred to as “the
Company”) with effect from 01 January 2022 based on the following terms and conditions of employment:

 

		1.	WAGES

 

Upon the Listing (as defined below), you
will receive a basic monthly salary of US$6,750.00, which equates to RM27,000 (Ringgit Malaysia Twenty Seven Thousand only)
and will be paid to you by no later than the 7th day of the every month.

 

		2.	DUTIES & RESPONSIBILITIES :-

 

		2.1	Oversee the company’s operational activities including Finance, Personnel Management, Marketing
and IT, to ensure strategic objectives set by the Board of Directors are achieved.

 

		2.2	Assist executive team members in creating and building a world class, industry leading organization.

 

		2.3	Drive company results from both an operational and financial perspective working closely with the CFO,
CEO and other key executive team members.

 

		2.4	Partner with the CFO to achieve favorable financial results with respect to sales, profitability, cash
flow, mergers and acquisitions, systems, reporting and controls.

 

		2.5	Set challenging and realistic goals for growth, performance and profitability.

 

		2.6	Create effective measurement tools to gauge the efficiency and effectiveness of internal and external
processes.

 

    	 

    

    

 

		2.7	Works with other c-level executives on budgeting, forecasting and resource allocation programs.

 

		2.8	Work closely with senior management team to create, implement and roll out plans for operational processes,
internal infrastructures, reporting systems and company policies all designed to foster growth, profitably and efficiencies within the
company.

 

		2.9	Forge strategic partnerships and relationships with clients, vendors, banks, investors and all other professional
business relationships.

 

		2.10	Work with the CEO and CFO in the capital raise process, participate in the company’s road shows.
Meet, interact and present information effectively to potential investors and private equity firms.

 

		2.11	Foster a growth oriented, positive and encouraging environment while keeping employees and management
accountable to company policies, procedures and guidelines.

 

		3.	LISTING INCENTIVES

 

		3.1	In the event where the Company is listed on the Nasdaq Stock Exchange or any other recognised stock exchange
(the “Listing”), you will be entitled to incentives in the following scenarios:

 

3.1.1       Market
Capitalisation

 

In the event of a successful Listing and
a market capitalisation was achieved (the “Listing Market Capitalisation”), and the management team of the Company
(the “Management Team”) shall successfully achieve a 10% (Ten Percent) increase in the Company’s Market Capitalisation
(the “Market Capitalisation Minimum Requirement”), the Management Team shall collectively be entitled to 2.5% of any
market capitalisation above the Market Capitalisation Minimum Requirement achieved by the Company.

 

If the Company achieved a Listing Market
Capitalisation of USD100,000,000 upon the Listing, and the Management Team managed to increase the Company’s market capitalisation
to USD 500,000,000 in the first financial year end post Listing, the Management Team shall be deemed to have increased the Company’s
market capitalisation by USD390,000,000. In this scenario, the Management Team will collectively be entitled to 2.5% of the USD390,000,000,
which equates to USD9,750,000.

 

    	 

    

    

  

Subsequently, if the Company achieved
a market capitalisation of USD700,000,000 in the second financial year end post Listing, the Management shall be deemed to have increased
the Company’s market capitalisation by USD150,000,000 and the Management Team will collectively be entitled to 2.5% of the USD150,000,000,
which equates to USD3,750,000.

 

3.1.2)       Earnings
Before Interest, Taxes, Depreciation (EBITDA)

 

In the event of a successful Listing,
and the Management Team shall successfully achieve a 10% (Ten Percent) increase in the Company’ EBITDA (the “EBITDA Minimum
Requirement”), the Management Team shall collectively be entitled to 2.5% of any EBITDA above the EBITDA Minimum Requirement
achieved by the Company.

 

If the Company’s EBITDA upon Listing
is USD10,000,000 and the Management Team managed to increase the Company’s EBITDA to USD30,000,000, the Management Team shall be
deemed to have increased the Company’s EBITDA by USD19,000,000. In this scenario, the Management Team will collectively be entitled
to 2.5% of the USD19,000,000, which equates to USD475,000.

 

3.1.3)       Bonus
Shares

 

In the event of the Listing, you will
receive ordinary shares in the Company valued at USD 250,000 (United States Dollar Two Hundred Fifty Thousand).

 

Subsequent to the year in which the Listing
occurred, you will receive ordinary shares in the Company valued at USD 250,000 (United States Dollar Two Hundred Fifty Thousand) annually.

 

		3.2	The Management Team shall include the Chief Executive Office, the Chief Financial Officer and the Chief
Operating Officer(s) of the Company, and the list of personnel which comprise the Management Team shall be at the discretion of the Company
and may be subject to change from time to time.

 

    	 

    

    

 

		4.	RETRENCHMENT BENEFIT

 

The Company must pay you, in the event
of any dismissal for reasons, whether it is based on the employer’s operational requirements, business or budget restructuring,
right sizing exercise or any other reasons, severance pay which is equivalent to at least 12 (Twelve) months of your salary.

 

		5.	WORKING DAYS/TIME

 

The following working days/time of the
Company must be strictly adhered to:

 

Mondays to Fridays: 9.00am to 6.00pm

Lunch Breaks: 1 (One) hour between 12pm
- 2.00pm.

 

This work schedule is subjected to changes
from time to time by the Company. In the case where the nature and condition of work require special working days/hours or rest period,
the Company shall make the arrangement on a case-to-case basis, as advised by the Company. At times it may be necessary for you to work
outside these times in order to fulfil your duties. The Company reserves the right to review your working days and hours as and when it
deems fit.

 

		6.	ANNUAL LEAVE/EMERGENCY LEAVE

 

Annual leave entitlement after the completion of
employment for:

 

	1 to 2 year(s)	20 days
	2 to 5 years	24 days
	5 years and above	31 days

 

Annual leave is available to days per annum
which shall accrue on a pro rata basis for your first year. You can only apply for annual leave in direct proportion to the number of
completed months of service in that year based on earned leave after confirmation. Any leave applied in excess of the Earned Annual Leave
is subject to the discretion of the Company. In special circumstances, the leave may be approved and regarded as Unpaid Leave.

 

The prior approval of your immediate superior
for annual leave must be obtained at least 14 (Fourteen) days in advance, on the appropriate Leave Application Form.

 

    	 

    

    

 

Any emergency leave will be deducted from the days of annual leave
which you are entitled to. You are only entitled to 5 (Five) days of emergency leave in 1 calendar year. If you have taken emergency leave
in excess of your entitlement for the calendar year, the excess emergency leave taken would be regarded as unpaid leave.

 

		7.	GAZETTED PUBLIC HOLIDAYS 

 

You are entitled to gazetted public holidays,
which are observed by the Company.

 

The Company reserves the right to amend
and change the number of Gazetted Holidays which are observed by the Company, whenever deem necessary.

 

		8.	TRANSFER / SECONDMENT

 

The Company may at its discretion
be entitled to:

 

		a.	Transfer/relocate you from one place to another including any existing or future branches or offices of
the Company either on a temporary or permanent basis.

		b.	Transfer you to any of the Company’s existing or future associated companies, subsidiaries and holding
companies or any company within V CAPITAL KRONOS BERHAD, wherever it may be located.

		c.	Transfer you to any Section, Division or Department within the Company.

		d.	Second you to any establishment.

 

		9.	MEDICAL LEAVE 

 

Medical leave which you are entitled to
shall be as follows:-

 

	2 years below	14 days
	2 to 5 years	18 days
	5 years and above	22 days

 

    	 

    

    

 

All medical leave must be certified and
supported by registered medical practitioners. Where hospitalisation is necessary, 60 days in the aggregate per calendar year, provided
that if you already took sick leaves for non-hospitalisation, the number of the day of sick leaves for hospitalisation shall be reduced
by the number of days already taken.

 

If you have taken medical leave in excess
of your entitlement for the year, the excess medical leave taken would be regarded as unpaid leave.

 

You must notify the company and/or your
immediate supervisor as soon as practicable if you are unable to work for medical reasons. Such notice shall be given by 10:00AM
of the working day. In the event you have failed to notify the company, you shall be deemed to absent yourself from work without the permission
of the company and without reasonable excuse for the days on which you are so absent from work.

 

		10.	OVERTIME 

 

You are NOT entitled to overtime pay.

 

		11.	MATERNITY BENEFITS

 

		I.	Every female Employee shall be entitled to Maternity Leave for a period of not less than 60 (Sixty) consecutive
days in respect of each confinement (including weekends and gazetted public holidays).

 

		II.	Maternity Leave shall not commence earlier than a period of thirty days immediately preceding the confinement
of the Employee or later than the day following the Employee confinement: A female employee shall not be entitled to any pay during maternity
leave if at the time of her confinement she has five or more surviving children.

 

		III.	Provided that where a medical officer or registered medical practitioner appointed by the Company certifies
that the Employee as a result of the Employee advanced state of pregnancy is unable to perform her duties satisfactorily, the Employee
may be required to commence her Maternity Leave at any time during Fourteen days (14) preceding the date of her confinement as determined
in advance by the medical officer or registered medical practitioner by the Company.

 

    	 

    

    

  

		IV.	Maternity Allowance

The following are the conditions to be fulfilled
to be qualified for full pay wage in respect of Maternity Leave:-

 

		a.	been employed by the employer at any time in the four months before confinement

		b.	must have worked for minimum of 90 days during 9 months immediately preceding the confinement

		c.	must not have 5 or more surviving children at the time of confinement.

 

		12.	ABSENTEEISM

 

You shall be deemed to have broken your
contract of employment if you have been continuously absent from work for more than 2 (Two) consecutive working days without prior leave
from the Company, unless you have a reasonable excuse for such absence and have informed or attempted to inform the Company of such absence
prior to or at the earliest opportunity during such absence.

 

In addition, where the circumstances are
appropriate, the Company may take appropriate action against you for abandonment of employment without notice.

 

		13.	TERMINATION 

 

Upon confirmation, either party may terminate
this contract of employment by giving to the other party, 1 (One) month’s written notice or paying salary in lieu of such notice.
The Company shall be entitled to require you to take or expend during the relevant notice period, any annual leave accumulated during
the course of your employment within the calendar year.

 

The Company shall be entitled to terminate
your employment forthwith, without notice or payment in lieu of notice in any of the following events:

 

		a)	if you commit any act or misconduct of a dishonest, malicious and/or reckless nature;

 

		b)	if you are found to have committed any misconduct, misdemeanour or negligence that howsoever affects the
affairs and/or is detrimental to the reputation of the Company;

 

    	 

    

    

 

		c)	if you are found to have breached or defaulted any term or condition of this Employment Agreement, procedures,
disciplinary rules, policies, rules or regulations imposed by the Company from time to time;

 

		d)	if you permit or suffer to be presented a petition for bankruptcy, permit or suffer the appointment of
receivers and/or managers against any of your assets or property or enter into any arrangement or composition for the benefit of any of
your creditors;

 

		e)	other than an offence or liability which in the opinion of the Company does not affect your employment
with the Company or the reputation of the Company, if you are found guilty of any criminal offence or offence of a dishonest nature, or
liable under any proceedings, by any court or tribunal of competent jurisdiction;

 

		f)	if you are found to have disclosed or permit to be disclosed any confidential information in relation
to any business or trade information, business plans, proposals, customers, strategies, trade secrets,
operations, records, finances, assets, technology, data and information that reveals the processes, methodologies, technology or
any other information or documents which are confidential or proprietary in nature, of the Company;

 

		g)	if you are found to have misused, misappropriated or abused any of the Company’s amenities, property
and documents; and

 

		h)	are not permitted by the laws of Malaysia to be employed by the Company or to reside in Malaysia

 

The Company reserves the right to suspend
you from employment as well as withhold half of all salaries, remuneration and allowances (if any) for up to fourteen (14) days if the
Company deems necessary for the full investigation of any act of misconduct or neglect on your part. During such period of suspension,
all rights, benefits and allowances which you may be entitled to pursuant to your employment with the Company shall be suspended. For
the avoidance of doubt, and notwithstanding anything in this Employment Agreement, the period of suspension shall not be taken into account
when computing any payments and/or benefits that you may be entitled to.

 

In the event, you are found to be not guilty
of any act of misconduct or neglect on your part after investigations, all salaries, remuneration and allowances (if any) that were withheld
shall be restored in full to you.

 

    	 

    

    

 

Upon termination of your employment (for
any reason), you MUST immediately return all amenities, property and documents (without retaining copies) in your possession or acquired
by you during your employment, concerning the business, finances or affairs of the Company. You may be liable to pay for any losses or
damages of any amenities, property and documents in your possession or acquired by you during your employment.

 

		14.	RETIREMENT

 

In the absence of evidence of the exact
date of birth the employee shall retire on 31st December of the year the employee attains Sixty (60) years of age (employee
may opt for a later retirement age agreed upon with or at the discretion of the Company)

 

		15.	NON-COMPETITION

 

During your service with the Company, you
will devote your full professional time and effort to the benefit of the Company and shall not participate, directly or indirectly, in
any capacity, in any business or activity that is in competition with the Company.

 

		16.	CONFLICT OF INTEREST

 

You shall not, during the continuance of
this contract, except with the knowledge and consent of the Company embark, engage or interest yourself whether for reward or gratuitously
in any activity which would interfere with the performance of your duties with this Company or which to your knowledge would constitute
a conflict of interest with the business of this Company.

 

		17.	COMPANY SECRECY

 

At all times during your service with the
Company, you shall not divulge or disclose to any persons or corporate body, without the specific permission of the Company Directors,
any company’s policy or secrets or any confidential or proprietary information entrusted to you or coming to your knowledge.

 

		18.	COMPANY RULES

 

You shall be subjected to the company’s
rules and regulations and HR policies & procedures as may be made known to you from time to time by Company

 

    	 

    

    

 

		19.	VARIATION CLAUSE

 

The Company reserves the right to add,
amend, withdraw or revise any or all of the above terms and conditions by way of memo, email, digital communication, circular or any form
of notification by company. Other terms and conditions of employment as stipulated in the Employee’s Handbook and in accordance
with regulation, memo, circular or any notification by company.

 

		20.	GOVERNING LAW 

 

The terms as stipulated above shall be
interpreted in accordance with the laws of Malaysia. In the event of any dispute, the parties shall submit to the exclusive jurisdiction
of the Courts of Malaysia.

 

If you find the above terms favourable,
please indicate your acceptance within Fourteen (14) days from the date of this letter.

 

This offer will automatically lapse and
can no longer be accepted if we do not hear from you by the stipulated date

 

	Yours sincerely	 	 
	Acting for HR	 	Witness By:
	 	 	 
	 	 	 
	 	 	 
	HR/Admin Executive	 	Executive Chairman
	 	 	 
	 	 	 

 

I, ..................................................,
( NRIC No:                ) hereby accept the above Terms & Conditions and agree to commence work as stipulated in this Letter of Offer/Appointment

 

	Signature:
	 
	Date:Exhibit
10.1

 

SPONSOR
SUPPORT AGREEMENT

 

This
SPONSOR SUPPORT AGREEMENT (this “Agreement”), dated as of October 31, 2022, is made by and among Breeze Holdings Acquisition
Corp., a Delaware corporation (“Parent”), TV Ammo, Inc., a Texas corporation (the “Company”), Breeze
Sponsor, LLC, a Delaware limited liability company (the “Sponsor”), and the undersigned stockholders of Parent (the
“Parent Stockholders” and together with the Sponsor, the “Parent Initial Stockholders”). Parent,
the Company and each of the Parent Initial Stockholders are sometimes referred to herein individually as a “Party”
and collectively as the “Parties”. Capitalized terms used but not otherwise defined herein shall have the meanings
ascribed to such terms in the Merger Agreement (as defined below).

 

RECITALS

 

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

 

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

 

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

 

AGREEMENT

 

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

 

1.
Agreement to Vote; No Redemption. Each of the Parent Initial Stockholders hereby irrevocably and unconditionally agrees (a) to
vote, at any meeting of the stockholders of Parent or in any action by written consent of the stockholders of Parent, all of such Parent
Initial Stockholder’s Shares (together with any other shares of Parent that such Parent Initial Stockholder acquires record or
beneficial ownership of or the power to vote after the date hereof, collectively, the “Subject Parent Stock”) (i)
in favor of the Parent Proposals, including without limitation the adoption of the Merger Agreement and approval of the Transactions,
and if necessary and applicable, the Extension Proposal, and (ii) against, and withhold consent with respect to, any other matter, action,
agreement, transaction or proposal that would reasonably be expected to result in (A) a breach of any of Parent’s or Merger
Sub’s representations, warranties, covenants, agreements or obligations under the Merger Agreement or (B) any of the conditions
to the Closing set forth in Sections 8.01 or 8.03 of the Merger Agreement not being satisfied, (b) if a meeting of the stockholders of
Parent is held in respect of the matters set forth in clause (a), to appear at such meeting, in person or by proxy, or otherwise cause
all of its Subject Parent Stock to be counted as present thereat for purposes of establishing a quorum, and (c) not to redeem, elect
to redeem or tender or submit any of its Subject Parent Stock for redemption in connection with such Parent stockholder approval, the
Merger or the other Transactions, or if necessary and applicable, the Extension Proposal. Prior to any valid termination of the Merger
Agreement, each of the Parent Initial Stockholders shall take, or cause to be taken, all actions and to do, or cause to be done, all
things reasonably necessary under applicable Laws to consummate the Merger and the other Transactions on the terms and subject to the
conditions set forth therein. The obligations of the Parent Initial Stockholders specified in this Section 1 shall apply whether
or not the Merger, any of the other Transactions or any action described above, or if necessary and applicable, the Extension Proposal,
is recommend by the Parent Board. Each of the Parent Initial Stockholders acknowledges receipt and review of a copy of the Merger Agreement.

 

     

     

    

 

2.
Waiver of Anti-dilution Protection. Each of the Parent Initial Stockholders hereby irrevocably (a) waives, subject to, and conditioned
upon, the occurrence of the Closing, to the fullest extent permitted by applicable Law and the Parent Organizational Documents, and (b)
agrees not to assert or perfect, any rights to adjustment or other anti-dilution protections to which such Parent Initial Stockholder
may be entitled in connection with the Merger or the other Transactions, or if necessary and applicable, the Extension Proposal.

 

3.
Transfer of Shares.

 

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

 

(b)
In furtherance of the foregoing, Parent hereby agrees to (i) place a revocable stop order on all Subject Parent Stock subject to
Section 3(a), including those which may be covered by a registration statement, and (ii) notify Parent’s transfer
agent in writing of such stop order and the restrictions on such Subject Parent Stock under Section 3(a) and direct Parent’s
transfer agent not to process any attempts by any Parent Initial Stockholder to Transfer any Subject Parent Stock except in compliance
with Section 3(a) and which shall first be approved by Parent; for the avoidance of doubt, the obligations of Parent under this
Section 3(b) shall be deemed to be satisfied by the existence of any similar stop order and restrictions currently existing
on the Subject Parent Stock.

 

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4.
Forfeiture of Sponsor Shares.

 

(a)
In the event that Parent reasonably determines that the issuance of additional shares of Parent Common Stock to investors or Redeeming
Stockholders would be reasonably required (i) to cause the Parent Cash on Hand to be at least equal to the Minimum Cash Amount or (ii)
to secure any Additional Financing, the Sponsor agrees that it shall irrevocably forfeit to Parent for cancellation for no consideration
a number of vested Shares held by it that the Parent reasonably determines shall be issued to such Persons at a price per share not less
than $10.00; provided, that the aggregate amount of Shares forfeited pursuant to this Section 4(a) shall not exceed 20%
of the Sponsor’s Shares as of the Effective Time.

 

(b)
If as of the six month anniversary of the Closing (the “Measurement Date”), the sum of (i) Parent Cash On Hand and
(ii) the aggregate of the funds requested or received under Parent’s at-the-market facility (or other similar equity or hybrid
equity based instrument or facility) on or prior to the Measurement Date (such funds, the “Post-Closing Proceeds”)
is less than $50,000,000, the Sponsor shall relinquish and cancel such percentage of its vested Shares as is determined by the following
formula:

 

 

  

where
“A” is the Parent Cash On Hand; “B” is the Post Closing Proceeds; and “C” is $50,000,000; provided,
that in no event will the Sponsor be required to relinquish or cancel more than 20% of the aggregate amount of its Shares as of the Effective
Time pursuant to this Section 4(b).

 

For
example: assuming there was $40,000,000 in Parent Cash On Hand at Closing and $5,000,000 of Post-Closing Proceeds, the Sponsor would
relinquish 10% of its aggregate Shares as of the Effective Time, determined as follows:

 

 

 

5.
Other Covenants and Agreements.

 

(a)
Each of the Parent Initial Stockholders hereby agrees to be bound by and subject to (i) Section 7.04(b) (Confidentiality) and Section
7.11 (Public Announcements) of the Merger Agreement to the same extent as such provisions apply to the parties to the Merger Agreement
and (ii) Section 7.06 (Exclusivity) and Section 7.02 (Parent Stockholders’ Meeting; Merger Sub Stockholder’s Approval)
of the Merger Agreement to the same extent as such provisions apply to Parent, in each case, mutatis mutandis and as if such Parent
Initial Stockholder was a party thereto.

 

(b)
The Sponsor hereby agrees to assume and pay all of the Legacy Parent Transaction Expenses in full and will indemnify Parent, the Company
and their respective Subsidiaries from any and all liabilities relating to the Legacy Parent Transaction Expenses. Notwithstanding anything
herein to the contrary, the Sponsor agrees that it shall not Transfer any of its Shares or distribute any of its assets unless and until
such time as it has assumed and paid in full all Legacy Parent Transaction Expenses in accordance with this Section 5(b).

 

    3

     

    

 

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

 

6.
Representations and Warranties. Each of the Parent Initial Stockholders, severally and not jointly, represents and warrants to
Parent and the Company as follows:

 

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

 

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

 

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

 

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

 

(e)
This Agreement has been duly executed and delivered by such Parent Initial Stockholder and, assuming due authorization, execution and
delivery by the other Parties, this Agreement constitutes a legally valid and binding obligation of such Parent Initial Stockholder,
enforceable against him, her or it in accordance with the terms hereof (except as enforceability may be limited by applicable bankruptcy
Laws, other applicable, similar Laws affecting creditors’ rights and general principles of equity affecting the availability of
specific performance and other equitable remedies),

 

    4

     

    

 

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

 

(g)
Such Parent Initial Stockholder is the exclusive record and beneficial owner of, and has good and valid title to, all of the Shares set
forth opposite such Parent Initial Stockholder’s name on Schedule A hereto, and there exist no Liens, pledge, proxy, security
interest, option, right of first refusal, adverse claim of ownership or any other limitations or restrictions (including, without limitation,
any restriction on the right to vote, sell or otherwise dispose of such Shares), other than pursuant to (i) this Agreement, (ii) the
Parent Organizational Documents, (iii) the Merger Agreement or the Ancillary Agreements, (iv) the Letter Agreement, dated as of November
23, 2020, by and between Parent and the Sponsor, (v) the Securities Escrow Agreement, dated as of November 23, 2020, by and among Parent,
certain stockholders of Parent and Continental Stock Transfer & Trust Company, and (vi) any applicable securities Laws, and as of
the date of this Agreement, such Parent Initial Stockholder has the sole power (as currently in effect) to vote, and the right, power
and authority to sell, transfer and deliver, such Shares, and such Parent Initial Stockholder does not own, directly or indirectly, any
other Shares.

 

7.
Termination. This Agreement shall automatically terminate, without any notice or other action by any Party, upon the earliest
of (a) the Effective Time, (b) the termination of the Merger Agreement in accordance with its terms and (c) the mutual written
agreement of all of the Parties. Upon termination of this Agreement as provided in the immediately preceding sentence, none of the Parties
shall have any further obligations or liabilities under, or with respect to, this Agreement. Notwithstanding the foregoing or anything
to the contrary in this Agreement, (i) the termination of this Agreement pursuant to Section 7(b) shall not affect any
liability on the part of any Party for a Willful Breach of any covenant or agreement set forth in this Agreement prior to such termination
or Fraud, (ii) Sections 2, 6 and 12 shall each survive any termination of this Agreement pursuant to Section 7(a),
and (iii) Sections 7 through 16 shall survive any termination of this Agreement. For purposes of this Section
7, “Fraud” means an act or omission by a Party, and requires: (i) a false or incorrect representation or warranty
expressly set forth in this Agreement, (ii) with actual knowledge (as opposed to constructive, imputed or implied knowledge) by
the Party making such representation or warranty that such representation or warranty expressly set forth in this Agreement is false
or incorrect, (iii) an intention to deceive another Party to induce him, her or it to enter into this Agreement, (iv) another
Party, in justifiable or reasonable reliance upon such false or incorrect representation or warranty expressly set forth in this Agreement,
causing such Party to enter into this Agreement, and (v) causing such Party to suffer damage by reason of such reliance.

 

8.
No Recourse. Except for claims pursuant to the Merger Agreement or any other Ancillary Agreement by any party thereto against
any other party thereto, each Party agrees that (a) this Agreement may only be enforced against, and any action for breach of this Agreement
may only be made against, the Parties, and no claims of any nature whatsoever (whether in tort, contract or otherwise) arising under
or relating to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby shall be asserted
against any Affiliate of the Company or any Affiliate of Parent (other than the Parent Initial Stockholders, on the terms and subject
to the conditions set forth herein), and (b) none of the Affiliates of the Company or the Affiliates of Parent (other than the Parent
Initial Stockholders, on the terms and subject to the conditions set forth herein) shall have any liability arising out of or relating
to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby, including with respect to any
claim (whether in tort, contract or otherwise) for breach of this Agreement or in respect of any written or oral representations made
or alleged to be made in connection herewith, as expressly provided herein, or for any actual or alleged inaccuracies, misstatements
or omissions with respect to any information or materials of any kind furnished in connection with this Agreement, the negotiation hereof
or the transactions contemplated hereby.

 

    5

     

    

 

9.
Notices. All notices and other communications among the Parties shall be in writing and shall be deemed to have been duly given
(a) when delivered in person, (b) when delivered after posting in the United States mail having been sent registered or certified
mail return receipt requested, postage prepaid, (c) when delivered by FedEx or other nationally recognized overnight delivery service
or (d) when e-mailed during normal business hours (and otherwise as of the immediately following Business Day), addressed as follows:

 

		(a)	If
                                            to Parent, to:

 

Breeze
Holdings Acquisition Corp.

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

Irving, TX 75039

Attention: J. Douglas Ramsey, Ph.D.

Email: doug@breezeacquisition.com

 

with
a copy to:

 

Woolery
& Co.

1 PIER 76

408 12TH AVE

NEW YORK, NY 10018

Attention: Mathew J. Saur

Email: mathew@wooleryco.com

 

with
a copy to: 

 

ArentFox
Schiff LLP

1717 K Street NW

Suite 700

Washington, DC 20006

Attention: Ralph V. De Martino

Email: ralph.demartino@afslaw.com

 

		(b)	If
                                            to the Company, to:

 

TV
Ammo, Inc.

1036
Nicholson Rd

Garland,
TX 75042

Attn:
Jeff Cutshall

E-mail:
jcutshall@tvammo.com

 

with
a copy to:

 

Lathrop
GPM LLP

80 South 8th St.

500 IDS Center

Minneapolis, MN 55402

Attention: JC Anderson

Email: jc.anderson@lathropgpm.com

 

with
a copy to:

 

Shearman
& Sterling LLP

2828
N. Harwood Street, Suite 1800

Dallas,
Texas 75201

Attention:
Alain Dermarkar; Bill Nelson

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

 

    6

     

    

 

		(c)	If
                                            to the Sponsor, to:

 

Breeze
Sponsor, LLC

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

Irving, TX 75039

Attention: J. Douglas Ramsey, Ph.D.

Email: doug@breezeacquisition.com

 

with
a copy to:

 

Woolery
& Co.

1 PIER 76

408 12TH AVE

NEW YORK, NY 10018

Attention: Mathew J. Saur

Email: mathew@wooleryco.com

 

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

 

10.
Entire Agreement. This Agreement and the Merger Agreement constitute the entire agreement of the Parties with respect to the subject
matter of this Agreement and supersede all prior agreements and undertakings, both written and oral, among the Parties with respect to
the subject matter of this Agreement, except as otherwise expressly provided in this Agreement.

 

11.
Amendments and Waivers; Assignment. Any provision of this Agreement may be amended or waived if, and only if, such amendment or
waiver is in writing and signed by the Parties and the Parties to be bound thereby, respectively. Notwithstanding the foregoing, no failure
or delay by any Party in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof
preclude any other or further exercise of any other right hereunder. Neither this Agreement nor any of the rights, interests or obligations
hereunder shall be assignable by any Party without the prior written consent of the other Parties.

 

12.
Fees and Expenses. Except as otherwise expressly set forth herein or in the Merger Agreement, all fees and expenses incurred in
connection with this Agreement and the transactions contemplated hereby, including the fees and disbursements of counsel, financial advisors
and accountants, shall be paid by the Party incurring such fees or expenses.

 

13.
Fiduciary Duties. Notwithstanding anything in this Agreement to the contrary, (a) none of the Parent Initial Stockholders
makes any agreement or understanding herein in any capacity other than in its capacity as a record holder and beneficial owner of the
Subject Parent Stock and (b) nothing herein will be construed to limit or affect any action or inaction by any representative of
such Parent Initial Stockholder in its capacity as a member of the Parent Board or other similar governing body of any of its Affiliates
or as an officer, employee or fiduciary of Parent or any of its Affiliates, in each case, acting in such person’s capacity as a
director, officer, employee or fiduciary of Parent or such Affiliate.

 

14.
Remedies. Except as otherwise expressly provided herein, any and all remedies provided herein will be deemed cumulative with and
not exclusive of any other remedy conferred hereby, or by law or equity upon such Party, and the exercise by a Party of any one remedy
will not preclude the exercise of any other remedy. The Parties agree that irreparable damage for which monetary damages, even if available,
would not be an adequate remedy, would occur in the event that a Party does not perform its respective obligations under the provisions
of this Agreement in accordance with their specific terms or otherwise breaches such provisions. It is accordingly agreed that each Party
shall be entitled to an injunction or injunctions, specific performance and other equitable relief to prevent breaches of this Agreement
and to enforce specifically the terms and provisions of this Agreement, in each case, without posting a bond or undertaking and without
proof of damages and this being in addition to any other remedy to which they are entitled at law or in equity. Each Party agrees that
it will not oppose the granting of an injunction, specific performance and other equitable relief when expressly available pursuant to
the terms of this Agreement on the basis that the other Parties have an adequate remedy at law or an award of specific performance is
not an appropriate remedy for any reason at law or equity.

 

15.
No Third Party Beneficiaries. This Agreement shall be for the sole benefit of the Parties and their respective successors and
permitted assigns and is not intended, nor shall be construed, to give any Person, other than the Parties and their respective successors
and permitted assigns, any legal or equitable right, benefit or remedy of any nature whatsoever by reason this Agreement. Nothing in
this Agreement, expressed or implied, is intended to or shall constitute the Parties acting as partners or participants in a joint venture.

 

16.
Incorporation by Reference. Sections 1.03 (Construction)), 10.03 (Severability), 10.06 (Governing Law), 10.07 (Waiver
of Jury Trial), 10.08 (Headings) and 10.09 (Counterparts; Electronic Delivery) of the Merger Agreement are incorporated herein
by reference and shall apply to this Agreement mutatis mutandis.

 

[Signature
page follows]

 

    7

     

    

 

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

 

	 	BREEZE HOLDINGS ACQUISITION CORP.
	 	 
	 	By:	/s/ J. Douglas Ramsey

	 	 	Name: J. Douglas Ramsey, Ph.D.
	 	 	Title: CEO & CFO
	 	 
	 	BREEZE SPONSOR, LLC
	 	 
	 	By:	/s/ J. Douglas Ramsey

	 	 	Name: J. Douglas Ramsey, Ph.D.
	 	 	Title: Manager
	 	 
	 	TV AMMO, INC.
	 	 
	 	By:	/s/ Kevin Boscamp

	 	 	Name:Kevin Boscamp
	 	 	Title: Co-Chief Executive Officer

 

[Signature
Page to Sponsor Support Agreement]

 

     

     

    

 

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

 

	 	PARENT STOCKHOLDERS:
	 	 
	 	I-BANKERS SECURITIES, INC.
	 	 
	 	By:	 /s/ Shelley Leonard              
	 	Name: Shelley Leonard
	 	Title: President
	 	Email: (intentionally omitted)
	 	Address: (intentionally omitted)
	 	 
	 	/s/ Albert McLelland 
	 	Albert McLelland
	 	Email: (intentionally omitted)
	 	Address: (intentionally omitted)
	 	 
	 	/s/ Daniel L. Hunt 
	 	Daniel L. Hunt
	 	Email: (intentionally omitted)
	 	Address: (intentionally omitted)
	 	 
	 	/s/ Robert Lee Thomas 
	 	Robert Lee Thomas
	 	Email: (intentionally omitted)
	 	Address: (intentionally omitted)
	 	 
	 	/s/ Bill Stark 
	 	Bill Stark
	 	Email: (intentionally omitted)
	 	Address: (intentionally omitted)

 

[Signature
Page to Sponsor Support Agreement]

  

     

     

    

 

SCHEDULE
A

PARENT SHARES

 

	Name	 	Number
    of Shares of Common Stock
	Breeze Sponsor, LLC	 	2,475,000
	I-Bankers Securities, Inc.	 	300,000
	Albert McLelland	 	25,000
	Daniel L. Hunt	 	25,000
	Robert Lee Thomas	 	25,000
	Bill Stark	 	25,000

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