Document:

Exhibit 10.2

    

    

      VOTING AGREEMENT

      

      

      This Voting Agreement (this “Agreement”),
        dated as of December 21, 2022, is by and among Berkeley Lights, Inc., a Delaware corporation (“Parent”), Iceland Merger Sub Inc., a Delaware corporation and
        a wholly owned subsidiary of Parent (“Merger Sub”), IsoPlexis Corporation, a Delaware corporation (the “Company”), and the Persons listed on the attached Schedule A who are signatories to this Agreement (each, a “Stockholder” and collectively, the “Stockholders”).

      

      

      RECITALS

      

      

      WHEREAS, concurrently herewith, the Company, Parent and Merger Sub are entering into an Agreement and Plan of Merger (as amended,
        restated, supplemented or otherwise modified from time to time, the “Merger Agreement”);

      

      

      WHEREAS, as of the date of this Agreement, each Stockholder is the “beneficial owner” (within the meaning of Rule 13d-3 under the
        Exchange Act) of the number of shares of Company Common Stock set forth next to such Stockholder’s name on Schedule A hereto, being all of the shares of
        Company Common Stock owned of record or beneficially by such Stockholder as of the date of this Agreement (collectively with respect to such Stockholder, the “Owned
            Shares” and, together with any additional shares of Company Common Stock or other voting securities of the Company of which such Stockholder acquires beneficial ownership after the date of this Agreement, including by purchase, as a
        result of a stock dividend, stock split, recapitalization, combination, consolidation, reclassification, exchange or change of such shares, or other similar transaction, or upon exercise or conversion of any securities (including any Company Stock
        Options, Company Restricted Shares or any other equity awards), such Stockholder’s “Covered Shares”);

      

      

      WHEREAS, as a condition and inducement to the willingness of the Company, Parent and Merger Sub to enter into the Merger Agreement and
        to proceed with the transactions contemplated thereby, including the Merger and the Share Issuance, the Company, Parent, Merger Sub and the Stockholders are entering into this Agreement; and

      

      

      WHEREAS, the Stockholders acknowledge that each of the Company, Parent and Merger Sub are entering into the Merger Agreement in
        reliance on the representations, warranties, covenants and other agreements of the Stockholders set forth in this Agreement and would not enter into the Merger Agreement if the Stockholders did not enter into this Agreement.

      
        
          

      

      
      AGREEMENT

      

      

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

      

      

      1.

      Certain Definitions. All capitalized terms that are used but not defined herein have the respective meanings ascribed to them in the Merger Agreement. For all purposes of and under this Agreement, the following terms
          have the following respective meanings:

      

      

      (a)
        “Permitted Liens”
            means Liens that would not reasonably be expected to interfere adversely with the performance by the applicable Stockholder of its obligations hereunder.

      

      

      

      (b)

      “Termination Date”
          means the earliest to occur of (i) the Effective Time, (ii) the termination of the Merger Agreement in accordance with its terms or (iii) the date on which any amendment to the Merger Agreement is effected, or any waiver of the Company’s rights
          under the Merger Agreement is granted, in each case, without the Stockholders’ prior written consent, that (A) diminishes the Merger Consideration to be received by the stockholders of the Company, (B) changes the form of Merger Consideration
          payable to the stockholders of the Company, (C) extends the End Date or imposes any additional conditions to the consummation of the Merger or (D) affects any of the other material terms of Article II (The Merger), Section 6.02 (No Solicitation
          by the Company; Company Recommendation), Section 7.07 (Indemnification, Exculpation and Insurance), Section 7.09 (Certain Tax Matters), Article VIII (Conditions Precedent) or Article IX (Termination, Amendment and Waiver) of the Merger Agreement
          in a manner that is materially adverse to any of the Stockholders in their capacity as such.

      

      

      (c)
        A Person will be deemed to have effected a “Transfer” of a security if such Person, whether voluntarily or involuntarily, directly or indirectly (i) sells, pledges, encumbers, hypothecates, leases, assigns, gifts, grants an option with respect to,
            transfers, exchanges, tenders or disposes (by merger, by testamentary disposition, by operation of law or otherwise) of such security or any interest in such security, (ii) creates or permits to exist any Liens (other than Permitted Liens and
            restrictions on transfer imposed under applicable securities laws), (iii) deposits such security into a voting trust or enters into a voting agreement or arrangement or grants any proxy, power of attorney or other authorization with respect
            thereto that is inconsistent with this Agreement or (iv) enters into an agreement to take any of the actions referred to in the foregoing clauses (i) through (iii).

      

      

      

      2.
        Transfer Restrictions. From the date of this Agreement until the Termination Date, no Stockholder shall Transfer (or cause or permit the Transfer of) any of its Covered Shares except with Parent’s prior written
            consent. Notwithstanding anything to the contrary in this Agreement, this Section 2 shall not prohibit a Transfer of Covered Shares by a Stockholder to
            (i) any other Stockholder or (ii) any of its Affiliates or limited partners (including, for the avoidance of doubt, any distribution in kind to the limited partners) or, if the Stockholder is a natural person, to any member of the Stockholder’s
            immediate family or to a trust for the benefit of the Stockholder or any member of the Stockholder’s immediate family; provided that, in the case of
            this clause (ii), such a Transfer shall be permitted only if, as a precondition to such Transfer, the transferee agrees in writing (in form and substance reasonably satisfactory to Parent) to be bound by all of the obligations of the
            Stockholder under this Agreement with respect to such Covered Shares being Transferred. Any Transfer or attempted Transfer of any Covered Shares in violation of this Section

                2 shall be null and void and of no effect whatsoever. In furtherance of the foregoing, from the date of this Agreement until the Termination Date, no Stockholder shall make any demands to register any of its Covered Shares
            pursuant to the terms of that certain Sixth Amended and Restated Investors’ Rights Agreement, dated as of December 30, 2020, by and among the Company and the other parties thereto from time to time (as amended, restated, supplemented or
            otherwise modified from time to time, the “Investors’ Rights Agreement”).

      

      
        2

        
          

      

      

      

      3.
        Agreement to Vote.

      

      

      

      (a)
        From the date of this Agreement until the Termination Date, at the Company Stockholder Meeting and
            any other meeting of the stockholders of the Company (and at every adjournment or postponement thereof) to vote on any matter contemplated by this Agreement, however called, or (if applicable) in connection with any written consent of the
            Company’s stockholders, each Stockholder shall unconditionally and irrevocably vote, or shall cause to be unconditionally and irrevocably voted, all its Covered Shares held at that time:

      

      

      

      (i)

      in favor of the adoption of the Merger Agreement and approval of the Merger and the other transactions
          contemplated by the Merger Agreement;

      

      

      (ii)
        in favor of the approval of any proposal to adjourn the meeting to a later date, if there is not a
            quorum or sufficient affirmative votes (in person or by proxy) to obtain the Company Stockholder Approval on the date on which such meeting is held;

      

      

      

      (iii)
        against any action or agreement that would reasonably be expected to result in the conditions of the
            Transactions not being fulfilled or a breach of a covenant, representation or warranty or any other material obligation or agreement of the Company contained in the Merger Agreement;

      

      

      

      (iv)

      against any action, proposal, transaction or agreement that would reasonably be expected to prevent or
          materially delay the consummation of the Transactions; and

      

      

      (v)
        against any Company Takeover Proposal.

      

      

      

      (b)

      From the date of this Agreement until the Termination Date, each Stockholder shall appear (in person,
          by proxy or by any other means permitted by the Company Bylaws) at each meeting of the stockholders of the Company, or adjournment or postponement thereof, to vote on any matter contemplated by this Agreement and shall cause all its Covered
          Shares to be counted as present thereat for purposes of calculating a quorum and shall vote all its Covered Shares in accordance with this Section 3.

      

      

      (c)
        Nothing in this Agreement, including this Section 3, limits or restricts (i) any Affiliate or designee of any Stockholder who serves as a member of the Company Board or (ii) any Stockholder serving as an officer in acting or voting in his or her
            capacity as a director of the Company or as an officer and exercising his or her fiduciary duties and responsibilities, it being understood that this Agreement applies to each Stockholder solely in its capacity as a stockholder of the Company
            and does not apply to any such actions, judgments or decisions as a director or officer of the Company, and such actions (or failures to act) shall not be deemed to constitute a breach of this Agreement.

      

      

      

      (d)

      In the event of a Company Adverse Recommendation Change made in compliance with the terms of the Merger
          Agreement, then during the pendency thereof, the aggregate number of shares that shall be considered Covered Shares hereunder shall be reduced (with such reduction applying to each Stockholder on a pro rata basis in accordance with each
          Stockholder’s relative Covered Shares and rounded up to the nearest whole Covered Share) without any action by the Company or the Stockholders such that the number of Covered Shares held, collectively, by all Stockholders shall represent in the
          aggregate (after such reduction) thirty percent (30%) of the total number of outstanding shares of Company Common Stock as of the time the applicable Company Notice of Recommendation Change is delivered by the Company to Parent.

      
        3

        
          

      

      

      

      4.
        No Inconsistent Agreements.

      

      

      

      Each Stockholder hereby represents, covenants and agrees that, except as contemplated by this Agreement, such Stockholder (i) has not
        entered into, and shall not enter into at any time prior to the Termination Date, any voting agreement or voting trust with respect to any of its Covered Shares and (ii) has not granted, and shall not grant at any time prior to the Termination
        Date, a proxy or power of attorney with respect to any of its Covered Shares, in either case, that is inconsistent with such Stockholder’s obligations pursuant to this Agreement.

      

      

      5.

      Representations and Warranties of the Stockholders. Each Stockholder hereby represents and warrants to Parent and Merger Sub, solely as to itself and not as to any other Stockholder or other Person, as follows:

      

      

      (a)

      Power;
            Organization; Binding Agreement. Such Stockholder has the power and authority (in the case of each Stockholder that is not a natural person) or capacity (in the case of each Stockholder that is a natural person) to execute and deliver
          this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. With respect to each Stockholder that is not a natural person, (i) the execution, delivery and performance by such Stockholder of this
          Agreement, and the consummation by such Stockholder of the transactions contemplated hereby, have been duly authorized by all necessary corporate, limited liability company, limited liability partnership or similar equivalent action on the part
          of such Stockholder and (ii) such Stockholder is duly organized, validly existing and in good standing under the applicable Law of its jurisdiction of formation. This Agreement has been duly executed and delivered by such Stockholder, and,
          assuming due authorization, execution and delivery by Parent and Merger Sub, this Agreement is enforceable against such Stockholder in accordance with its terms, except that such enforceability may be limited by the Bankruptcy and Equity
          Exception.

      

      

      (b)
        No
              Conflicts. None of the execution and delivery by such Stockholder of this Agreement, the performance by such Stockholder of its obligations hereunder or the consummation by such Stockholder of the transactions contemplated hereby will
            (i) require any consent or approval under, or result in a violation or breach of, any agreement to which such Stockholder is a party or by which such Stockholder may be bound, including any voting agreement or voting trust, (ii) result in the
            creation of any Lien on any of the assets or properties of such Stockholder, (iii) violate any applicable Law or Judgment or (iv) with respect to each Stockholder that is not a natural person, violate the organizational documents of such
            Stockholder, except for such consents, approvals, breaches, Liens or violations that would not, individually or in the aggregate, prevent or materially delay such Stockholder from performing his, her or its obligations under this Agreement.

      

      
        4

        
          

      

      

      

      (c)

      Ownership

            of Covered Shares. Such Stockholder is the beneficial owner of such Stockholder’s Covered Shares. All such Stockholder’s Covered Shares are owned free and clear of any Liens other than Permitted Liens, and no Person has a right to
          acquire any of such securities, in each case other than pursuant to this Agreement, the Merger Agreement or the Investors’ Rights Agreement, under applicable federal or state securities laws or pursuant to any written policies of the Company only
          with respect to restrictions upon the trading of securities under applicable securities laws. As of the date of this Agreement, except as set forth on Schedule A,
          other than the Owned Shares, such Stockholder does not own beneficially or of record any (i) shares of capital stock or voting securities of the Company, (ii) securities of the Company convertible into or exchangeable for shares of capital stock
          or voting securities of the Company or (iii) options or other rights to acquire from the Company any capital stock, voting securities or securities convertible into or exchangeable for capital stock or voting securities of the Company.

      

      

      (d)

      Voting
            Power. Such Stockholder has the requisite voting power, power of disposition, power to issue instructions with respect to the matters set forth herein and power to agree to all of the matters set forth in this Agreement necessary to take
          all actions required under this Agreement, in each case with respect to all of the securities subject to this Agreement owned by such Stockholder, with no limitations, qualifications or restrictions on such rights, subject to applicable federal
          securities laws and those arising under the terms of this Agreement.

      

      

      (e)
        Reliance

              by Parent and Merger Sub. Such Stockholder understands and acknowledges that each of the Company, Parent and Merger Sub is entering into the Merger Agreement in reliance upon such Stockholder’s execution and delivery of this Agreement.

      

      

      

      (f)
        Consents

              and Approvals. The execution and delivery of this Agreement by such Stockholder does not, and the performance by such Stockholder of
            its obligations under this Agreement and the consummation of the transactions contemplated hereby will not, require such Stockholder to obtain any consent, approval, authorization or permit of, or to make any filing with or notification to, any
            Governmental Authority, except in each case for filings with the SEC or where the failure to obtain such consents, approvals, authorizations or permits, or to make such filings and notifications, would not, either individually or in the
            aggregate, prevent or materially delay the performance by such Stockholder of any of its obligations hereunder.

      

      

      

      6.
        Additional Covered Shares. Prior to the Termination Date, in the event that any Stockholder acquires record or beneficial ownership of, or the power to vote or direct the voting of, any additional shares of Company
            Common Stock or other voting interests with respect to the Company, such shares of Company Common Stock or other voting interests will, without further action of the parties, be deemed Covered Shares and subject to the provisions of this
            Agreement, the number of shares of Company Common Stock held by such Stockholder will be deemed amended accordingly, and such shares of Company Common Stock or voting interests will automatically become subject to the terms of this Agreement as
            Covered Shares.

      

      
        5

        
          

      

      

      

      7.
        Representations and Warranties of Parent and Merger Sub. Parent and Merger Sub hereby represent and warrant to the Stockholders as follows:

      

      

      

      (a)
        Authority;

              Binding Nature. Each of Parent and Merger Sub has all requisite power and authority to (i) execute and deliver this Agreement,
            (ii) perform its covenants and obligations hereunder and (iii) consummate the transactions contemplated hereby to be consummated by it. The execution and delivery of this Agreement by each of Parent and Merger Sub, the performance of each of
            their covenants and obligations hereunder and the consummation by each of them of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Parent and Merger Sub, and no additional actions
            are necessary to authorize (A) the execution and delivery of this Agreement by Parent or Merger Sub; (B) the performance by each of Parent and Merger Sub of its covenants and obligations hereunder; or (C) the consummation of the transactions
            contemplated hereby. This Agreement has been duly and validly executed and delivered by Parent and Merger Sub and (assuming due authorization, execution and delivery by the Stockholders) constitutes a valid and binding obligation of Parent and
            Merger Sub, enforceable against Parent and Merger Sub in accordance with its terms, except that such enforceability may be limited by the Bankruptcy and Equity Exception.

      

      

      

      (b)

      No
            Conflicts. None of the execution and delivery by each of Parent and Merger Sub of this Agreement, the performance by each of Parent and Merger Sub of its obligations hereunder or the consummation by each of Parent and Merger Sub of the
          transactions contemplated hereby will (i) require any consent or approval under, or result in a violation or breach of, any agreement to which Parent or Merger Sub is a party or by which Parent or Merger Sub may be bound, including any voting
          agreement or voting trust, (ii) result in the creation of any Lien on any of the assets or properties of Parent or Merger Sub, (iii) violate any applicable Law or Judgment or (iv) violate the organizational documents of Parent or Merger Sub.

      

      

      8.
        Spousal Consent. If a Stockholder is a married individual and any of its Owned Shares constitutes community property or otherwise needs spousal or other approval for this Agreement to be legal, valid and binding,
            such Stockholder shall deliver to Parent, concurrently herewith, a duly executed consent of such Stockholder’s spouse, in the form attached hereto as Schedule B.

      

      

      

      9.

       [intentionally omitted]

      

      

      10.

      Stockholder Litigation. Each Stockholder agrees not to commence or participate in, and to take all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise,
          that may be brought against the Company, Parent, Merger Sub or any of their respective successors and assigns relating to the negotiation, execution or delivery of this Agreement, the Merger Agreement or the consummation of the transactions
          contemplated hereby and thereby; provided that this Section 10
          shall not be deemed a waiver of any rights of the Stockholder or its Affiliates for any breach of this Agreement or the Merger Agreement by Parent, the Company or any of their respective Affiliates.

      
        6

        
          

      

      

      

      11.
        No Solicitation. Each Stockholder shall not take any action that the Company would then be prohibited from taking under Section 6.02 of the Merger Agreement. Each Stockholder shall cease immediately and cause to be
            terminated any solicitations, encouragements, discussions and negotiations that commenced prior to the date of this Agreement with respect to any Company Takeover Proposal, or any inquiry, expression of interest, proposal, discussions,
            negotiations or offer that constitutes, or could reasonably be expected to lead to, a Company Takeover Proposal.  Nothing in this Section 11 shall be
            construed as prohibiting, or imposing any obligation on any Stockholder with respect to, any action (other than actions taken by or on behalf of such Stockholder) that is taken by any Person that is not a Stockholder.

      

      

      

      12.

      Termination. This Agreement and all rights and obligations of the parties hereunder will terminate and have no further force or effect as of the Termination Date; provided that this Section 12 and Section

              13 shall survive the termination of this Agreement. Notwithstanding the foregoing, nothing set forth in this Section 12 or elsewhere in
          this Agreement relieves any party hereto from liability, or otherwise limits the liability of any party hereto, for any willful and material breach of this Agreement prior to such termination.

      

      

      13.
        Miscellaneous.

      

      

      

      (a)
        Severability.
            If any term, provision, covenant or restriction of this Agreement or the application of any such provision to any person or circumstance shall be held invalid, illegal, void or unenforceable in any respect by a court of competent jurisdiction
            or other Governmental Authority, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. Upon such a holding, the
            parties hereto agree to negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner, in order that the transactions contemplated by this Agreement be
            consummated as originally contemplated to the fullest extent possible.

      

      

      

      (b)

      Assignment.
          Except in connection with a Transfer of any Covered Shares in accordance with Section 2, neither this Agreement nor any of the rights, interests or
          obligations hereunder shall be assigned, in whole or in part, by operation of Law or otherwise by any of the parties without the prior written consent of the other parties and any purported assignment in violation hereof shall be null and void ab initio. Subject to the preceding sentence, this Agreement shall be binding upon, inure to the benefit of and be enforceable by, the parties
          hereto and their respective successors and assigns.

      

      

      (c)

      Amendment

            and Modification; Waiver. This Agreement may be amended or modified only if such amendment or modification is in writing and is signed by each party to this Agreement. Any failure of any of the parties to comply with any obligation,
          covenant, agreement or condition in this Agreement may be waived by any of the parties entitled to the benefit thereof only by a written instrument signed by each such party granting such waiver. No failure or delay by any party in exercising any
          right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies
          herein provided shall be cumulative and not exclusive of any rights or remedies provided by applicable Law or in equity.

      
        7

        
          

      

      

      

      (d)
        Specific

              Performance. The parties agree that irreparable damage for which monetary damages, even if available, would not be an adequate remedy, would occur and that the parties would not have any adequate remedy at law in the event that any of
            the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that, in addition to any other remedy to which the parties are entitled at law or in equity, (i)
            the parties shall be entitled to an injunction or injunctions, specific performance or other equitable relief, to prevent breaches or threatened or anticipated breaches of this Agreement and to enforce specifically the terms and provisions of
            this Agreement in the courts described in Section 13(h), without proof of damages or otherwise, and (ii) the right of specific performance is an
            integral part of the transactions contemplated hereby and without that right, none of the Company, Parent, Merger Sub or any of the Stockholders would have entered into this Agreement. Each of the parties agrees that it waives the defense of
            adequacy of a remedy at law and will not oppose the granting of an injunction or injunctions, specific performance or other equitable relief on the basis that (A) the other parties have an adequate remedy at law or (B) an award of an
            injunction, specific performance or other equitable relief is not an appropriate remedy for any reason at law or equity. The parties acknowledge and agree that any party seeking an injunction or injunctions to prevent breaches of this Agreement
            and to enforce specifically the terms and provisions of this Agreement in accordance with this Section 13(d) shall not be required to provide any bond
            or other security in connection with any such order or injunction.

      

      

      

      (e)
        Notices.
            All notices or other communications required or permitted under, or otherwise given in connection with, this Agreement shall be in writing and shall be deemed to have been duly given (i) when delivered, if delivered in person, (ii) on the next
            Business Day if transmitted by national overnight courier (with confirmation of delivery) or (iii) on the date transmitted if sent by email (provided
            that no “bounce back” or similar message of non-delivery is received with respect thereto), as follows (or at such other address for a party as shall be specified by notice given in accordance with this Section 13(e)):

      

      

      

      If to Northpond Ventures, LP, Northpond Capital, LP, SMC Growth Capital Partners II, LP, SMC Private Equity
        Holdings, LP, SMC Holdings II, LP or Connecticut Innovations, Incorporated:

      

      

      Northpond Ventures, LP

      Northpond Capital, LP

      7500 Old Georgetown Road, Suite 850

      Bethesda, MD, 20814

      Attention:

      Patrick Smerkers, Senior Vice President, Finance and Operations

        Paul Hodgdon, General Counsel

      

      Email:

      

      

      

      

      

      

      SMC Growth Capital Partners II, LP

      SMC Private Equity Holdings, LP

      SMC Holdings II, LP

      650 Madison Avenue, 20th Floor

      New York, NY, 10022

      
        Attention:

        
          Gregory P. Ho, Managing Member

          Tara Sharp, General Counsel

        

      

      Email:

      

      

      

      

      
        8

        
          

      

      

      

      Connecticut Innovations, Incorporated

      470 James Street, Suite 8

      New Haven, CT 06513

      

      
        
          Attention:

          
            
              Matthew Storeygard

            

          

        

        Email:

        

      

      with a copy (which will not constitute notice or service of process) to:

      

      

      Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP

      1250 Broadway, 23rd Floor

      New York, NY 10001

      
        
          Attention:

          
            
              Brian Snyder

            

          

        

        Email:                  

        bsnyder@gunderson.com

        

      

      If to North Sound Trading, LP,

      

      

      Brian P Miller and Giovanna R Miller, JTWROS,

      

      

      The Miller Family 2011 Trust or Brian Paul Miller:

      

      

      North Sound Trading, LP

      Brian P Miller and Giovanna R Miller, JTWROS

      

      The Miller Family 2011 Trust

       

      

      Brian Paul Miller

      c/o North Sound Trading, LP

      

      115 East Putnam Ave

      

      Greenwich CT, 06830

      
        Attention:

        
          
            Brian Miller

          

        

      

      Email:

      

        
          9

          
            

        

      

      If to Perceptive Life Sciences Master Fund, Ltd., Perceptive Credit Holdings III, LP or PCOP EQ AIV III, LP:

      

      

      Perceptive Life Sciences Master Fund, Ltd.

      Perceptive Credit Holdings III, LP

      PCOP EQ AIV III, LP

      c/o Perceptive Advisors

      51 Astor Place

      10th Floor

      New York, NY 10003

      
        Attention:

        
          
            COO

          

        

      

      Email:

      

      

      with a copy (which will not constitute notice or service of process) to:

      

      

      Schulte Roth & Zabel LLP

      919 Third Avenue

      New York, NY 10022

      
        Attention:

        
          
            Michael R. Flynn

          

        

      

      Email:

      Michael.flynn@srz.com

      

      

      If to Rong Fan:

      

      

      Rong Fan

      20 Hidden Place

      Cheshire, CT 06410

      
        Attention:

        
          
            Rong Fan

              

          

        

      

      Email:

      

      

      

      

      If to Sean Mackay:

      

      

      Sean Mackay

      PO Box 491763

      Los Angeles, CA 90049

      
        Attention:

        
          
            Sean Mackay

              

          

        

      

      Email:

      

      

      
        10

        
          

      

      

      

      with a copy (which will not constitute notice or service of process) to:

      

      

      Wiggin and Dana LLP

      One Century Tower

      265 Church Street, 17th Floor

      New Haven, CT 06510

      
        Attention:

        
          
            Evan S. Kipperman

          

        

      

      Email: 

      

      Ekipperman@wiggin.com

      

      

      If to Parent or Merger Sub, to:

      

      

      Berkeley Lights, Inc.

      5858 Horton Street, Suite 320

      Emeryville, CA 94608

      
        Attention:

        
          
            Scott Chaplin

              

          

        

      

      Email:

      

      

      

      

      with a copy (which will not constitute notice or service of process) to:

      

      

      Freshfields Bruckhaus Deringer US LLP

      601 Lexington Avenue, 31st Floor

      New York, NY 10022

      
        Attention:

        
          
            
              Damien R. Zoubek

              

              
                Oliver J. Board

                

              

            

          

        

      

      
        Email:

        
          
            
              damien.zoubek@freshfields.com

              
                oliver.board@freshfields.com

              

            

          

        

      

       

      

      If to any Stockholder or to the Company, to:

      

      

      IsoPlexis Corporation

      35 NE Industrial Road

      Branford, CT 06405

      
        Attention:

        
          
            
              Richard W. Rew II

            

          

        

      

      
        Email:

        
          
            

            

          

        

      

       

      with a copy (which will not constitute notice or service of process) to:

      

      

      Cravath, Swaine & Moore LLP

      Worldwide Plaza

      825 Eighth Avenue

      New York, NY 10019

      
        Attention:

        
          
            
              Richard Hall

              
                 Andrew C. Elken

              

            

          

        

      

      
        Email:

        
          
            
              rhall@cravath.com

              

              
                aelken@cravath.com

              

            

          

        

      

       

      

      Notwithstanding anything in this Agreement to the contrary, any notice given in accordance with the foregoing clauses (i) or (ii) of this Section 13(e) shall only be effective if a duplicative copy of such notice is also given by email in the method described in this Section 13(e).

      
        11

        
          

      

      

      

      (f)
        No
              Third Party Beneficiaries. This Agreement is not intended to confer upon any person other than the parties hereto (and their respective successors and permitted assigns) any rights (legal, equitable or otherwise) or remedies, whether
            as third‐party beneficiaries or otherwise.

      

      

      

      (g)
        Governing

              Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed in and to be performed entirely within that State, regardless of the laws that might
            otherwise govern under any applicable conflict of Laws principles.

      

      

      

      (h)

      Jurisdiction.
          All Actions arising out of or relating to this Agreement shall be heard and determined in the Court of Chancery of the State of Delaware (or, if the Court of Chancery of the State of Delaware declines to accept jurisdiction over any Action, any
          state or federal court within the State of Delaware). The parties hereto hereby irrevocably (i) submit to the exclusive jurisdiction and venue of such courts in any such Action, (ii) waive the defense of an inconvenient forum or lack of
          jurisdiction to the maintenance of any such Action, (iii) agree to not attempt to deny or defeat such jurisdiction by motion or otherwise request for leave from any such court and (iv) agree to not bring any Action arising out of or relating to
          this Agreement or the Transactions in any court other than the Court of Chancery of the State of Delaware (or, if the Court of Chancery of the State of Delaware declines to accept jurisdiction over any Action, any state or federal court within
          the State of Delaware), except for Actions brought to enforce the judgment of any such court. The consents to jurisdiction and venue set forth in this Section 13(h)
          shall not constitute general consents to service of process in the State of Delaware and shall have no effect for any purpose except as provided in this paragraph and shall not be deemed to confer rights on any Person other than the parties
          hereto. Each party hereto agrees that service of process upon such party in any Action arising out of or relating to this Agreement shall be effective if notice is given by overnight courier at the address set forth in Section 13(e) of this Agreement. The parties hereto agree that a final judgment in any such Action shall be conclusive and may be enforced in other jurisdictions by suit on the
          judgment or in any other manner provided by applicable Law; provided, however,
          that nothing in the foregoing shall restrict any party’s rights to seek any post-judgment relief regarding, or any appeal from, a final trial court judgment.

      

      

      (i)

      WAIVER OF JURY TRIAL.
          EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
          PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO CERTIFIES AND
          ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) IT UNDERSTANDS AND HAS
          CONSIDERED THE IMPLICATIONS OF SUCH WAIVER, (C) IT MAKES SUCH WAIVER VOLUNTARILY AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS IN THIS SECTION 13(i).

      
        12

        
          

      

      

      

      (j)

      Rules
            of Construction. Each of the parties hereto acknowledges that it has been represented by counsel of its choice throughout all negotiations that have preceded the execution of this Agreement, and that it has executed the same with the
          advice of such counsel. Each party and its counsel cooperated and participated in the drafting and preparation of this Agreement and the documents referred to in this Agreement, and any and all drafts relating thereto exchanged among the parties
          shall be deemed the work product of all of the parties and may not be construed against any party by reason of its drafting or preparation. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in
          this Agreement against any party that drafted or prepared it is of no application and is hereby expressly waived by each of the parties hereto.

      

      

      (k)
        Entire

              Agreement. This Agreement, taken together with the Schedules attached hereto and the Merger Agreement to the extent referenced herein, constitutes the entire agreement among the parties hereto with respect to the subject matter hereof,
            and supersedes all prior agreements and understandings, both written and oral, among the parties hereto with respect thereto. For the avoidance of doubt, each Stockholder agrees that it will not claim that such Stockholder or any of its
            Affiliates has registration or similar rights under the Investors’ Rights Agreement following the Effective Time.

      

      

      

      (l)

      Interpretation.
          The rules of interpretation set forth in Section 1.03 of the Merger Agreement shall apply to this Agreement, mutatis mutandis.

      

      

      (m)
        Expenses.
            Except as otherwise expressly provided in this Agreement or the Merger Agreement, all fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party hereto incurring such fees or
            expenses.

      

      

      

      (n)

      No
            Recourse. This Agreement may only be enforced against, and any claims or causes of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, may only be made
          against, the entities that are expressly identified as parties hereto and no former, current or future equity holders, controlling persons, directors, officers, employees, agents or Affiliates of any party hereto or any former, current or future
          stockholder, controlling person, director, officer, employee, general or limited partner, member, manager, agent or Affiliate of any of the foregoing shall have any liability for any obligations or liabilities of the parties to this Agreement or
          for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, the transactions contemplated hereby or in respect of any representations made or alleged to be made in connection herewith.

      
        13

        
          

      

      

      

      14.
        Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This
            Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by all of the other parties hereto, it being understood and agreed that all parties hereto need not sign the same counterpart. Until and
            unless each party has received a counterpart hereof signed by each other party hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or
            other communication). Signatures to this Agreement transmitted by electronic mail in PDF form, or by any other electronic means designed to preserve the original graphic and pictorial appearance of a document (including DocuSign), will be
            deemed to have the same effect as physical delivery of the paper document bearing the original signatures.

      

      

      

      15.

      Stockholder Obligations Several and Not Joint. The obligations of each Stockholder hereunder shall be several and not
            joint, and no Stockholder shall be liable for any breach of the terms of this Agreement by any other Stockholder. Further, Parent and Merger Sub each agrees that no Stockholder will be liable for any claims, losses, damages, liabilities or
            other obligations resulting from Parent or Merger Sub’s breach of the Merger Agreement.

      

      

      16.

      No Ownership Interest. Each Stockholder has agreed to enter into this Agreement and act in the manner specified in this Agreement for consideration. Except as expressly set forth in this Agreement, all
          rights and all ownership and economic benefits of and relating to a Stockholder’s Covered Shares will remain vested in and belong to such Stockholder, and nothing herein will, or will be construed to, grant Parent or Merger Sub any power, sole or
          shared, to direct or control the voting or disposition of any of such Covered Shares. Nothing in this Agreement will be interpreted as creating or forming a “group” with any other Person, including other holders listed on Schedule A, for purposes of Rule 13d-5(b)(1) of the Exchange Act or any other similar provision of applicable Law.

      

      

      [The remainder of this page is intentionally left blank.]

      
        14

        
          

      

      

      

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

      

      

      	 	
              BERKELEY LIGHTS, INC.

               

            
	 	
              /s/ Siddhartha Kadia

            
	 	
              Name:

            	Siddhartha Kadia
	 	
              Title:

            	Chief Executive Officer

      

      

      	 	
              ICELAND MERGER SUB INC.

               

            
	 	/s/ Scott Chaplin 
	 	
              Name:

            	
              Scott Chaplin

            
	 	
              Title:

            	
              President

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              ISOPLEXIS CORPORATION

               

            
	 	/s/ Richard W. Rew II 
	 	
              Name:

            	
              Richard W. Rew II

            
	 	
              Title:

            	
              Senior Vice President, General Counsel & Secretary

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              NORTHPOND VENTURES, LP

               

            
	 	/s/ Paul Hodgdon 
	 	
              Name:

            	
              Paul Hodgdon

            
	 	
              Title:

            	
              Authorized Signatory

            

      

      

      	 	
              NORTHPOND CAPITAL, LP

               

            
	 	/s/ Paul Hodgdon 
	 	
              Name:

            	
              Paul Hodgdon

            
	 	
              Title:

            	
              Authorized Signatory

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              SMC Growth Capital Partners II, LP

              By: SMC Growth Capital II GP, LLC, its general partner

               

            
	 	
              By:

            	/s/ Tara Sharp 
	 	
              Name:

            	
              Tara Sharp

            
	 	
              Title:

            	
              General Counsel

            

      

      

      	 	
              SMC Private Equity Holdings, LP

              By: SMC Private Equity Holdings G.P., LLC, its general partner

               

            
	 	
              By:

            	/s/ Tara Sharp 
	 	
              Name:

            	
              Tara Sharp

            
	 	
              Title:

            	
              General Counsel

            

      

      

      	 	
              SMC Holdings II, LP

              By: SMC Holdings II G.P., LLC, its general partner

               

            
	 	
              By:

            	/s/ Tara Sharp 
	 	
              Name:

            	
              Tara Sharp

            
	 	
              Title:

            	
              General Counsel

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              CONNECTICUT INNOVATIONS, INCORPORATED

               

            
	 	
              By:

            	/s/ Matthew Storeygard 
	 	
              Name:

            	
              Matthew Storeygard

            
	 	
              Title:

            	
              Senior Managing Director

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              PERCEPTIVE LIFE SCIENCES MASTER FUND, LTD.

               

            
	 	
              By: Perceptive Advisors, LLC

               

            
	 	
              By:

            	/s/ James H. Mannix 
	 	
              Name:

            	
              James H. Mannix

            
	 	
              Title:

            	
              COO

            

      

      

      	 	
              PERCEPTIVE CREDIT HOLDINGS III, LP

               

            
	 	
              By: Perceptive Credit Opportunities GP, LLC, its general partner

               

            
	 	
              By:

            	/s/ Sandeep Dixit 
	 	
              Name:

            	
              Sandeep Dixit

            
	 	
              Title:

            	
              Chief Credit Officer

               

            
	 	 	 
	 	
              By:

            	/s/ Sam Chawla 
	 	
              Name:

            	
              Sam Chawla

            
	 	
              Title:

            	
              Portfolio Manager

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              PCOF EQ AIV III, LP

               

              

            
	 	
              By: PCOF EQ AIV GP, LLC, its general partner

               

            
	 	
              By:

            	/s/ Sandeep Dixit 
	 	
              Name:

            	
              Sandeep Dixit

            
	 	
              Title:

            	
              Chief Credit Officer

            
	 	 	 
	 	
              By:

            	/s/ Sam Chawla 
	 	
              Name:

            	
              Sam Chawla

            
	 	
              Title:

            	
              Portfolio Manager

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              BRIAN PAUL MILLER

               

            
	 	
              By:

            	/s/ Brian P. Miller 
	 	
              Name:

            	
              Brian P. Miller

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              NORTH SOUND TRADING, LP

               

            
	 	
              By:

            	/s/ Brian P. Miller 
	 	
              Name:

            	
              Brian P. Miller

            
	 	
              Title:

            	
              Authorized Signatory

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              BRIAN P. MILLER AND GIOVANNA R. MILLER, JTWROS

               

            
	 	
              By:

            	/s/ Brian P. Miller 
	 	
              Name:

            	
              Brian P. Miller

            
	 	
              Title:

            	
              Authorized Signatory

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              THE MILLER FAMILY 2011 TRUST

               

            
	 	
              By:

            	/s/ Giovanna R. Miller 
	 	
              Name:

            	
              Giovanna R. Miller

            
	 	
              Title:

            	
              Authorized Signatory

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              RONG FAN

               

            
	 	
              By:

            	/s/ Rong Fan 
	 	
              Name:

            	
              Rong Fan

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      	 	
              SEAN MACKAY

               

            
	 	
              By:

            	/s/ Sean Mackay 
	 	
              Name:

            	
              Sean Mackay

            

      
        
          
            
              [Signature Page to Voting
                  Agreement]

            

          

        

        
          

      

      

      

      Schedule A

      

      

      	
              Stockholder Name

            	
              Owned Shares*

            
	
              Northpond Ventures, LP

            	
              6,727,570

            
	
              Northpond Capital, LP

            	
              2,080,961

            
	
              SMC Growth Capital Partners II, LP

            	
              3,726,732

            
	
              SMC Private Equity Holdings, LP

            	
              2,270,287

            
	
              SMC Holdings II, LP

            	
              67,642

            
	
              Connecticut Innovations, Incorporated

            	
              2,731,449

            
	
              North Sound Trading, LP

            	
              1,243,987

            
	
              Brian P Miller and Giovanna R Miller, JTWROS

            	
              1,660,995

            
	
              The Miller Family 2011 Trust

            	
              549,436

            
	
              Brian Paul Miller Roth Contributory IRA

            	
              190,000

            
	
              Perceptive Life Sciences Master Fund, Ltd

            	
              3,554,587

            
	
              Perceptive Credit Holdings III, LP(1)

            	
              335,962

            
	
              PCOF EQ AIV III, LP

            	
              204,949

            
	
              Rong Fan(2)

            	
              981,600

            
	
              Sean Mackay(3)

            	
              914,366

            

      

      

      (1) In addition to the above, Perceptive Credit Holdings III, LP holds warrants exercisable for 811,374 shares of Company Common Stock.

      

      

      (2) In addition to the above, Rong Fan holds options exercisable for 100,000 shares of Company Common Stock.

      

      

      (3) In addition to the above, Sean Mackay holds options exercisable for 1,430,542 shares of Company Common Stock.

      

      

      *If any additional shares of Company Common Stock are owned by any of the Stockholders as of the date of this Agreement, such shares shall be
        automatically deemed to be “Owned Shares” notwithstanding the contents of this Schedule A.

      
        
          

      

      

      

      Schedule B

      

      

      
        SPOUSAL CONSENT

        

        

      

      
        The undersigned represents that the undersigned is the spouse of                   and that the undersigned is familiar with the terms of the Voting Agreement (the “Agreement”),

          entered into as of December 21, 2022, by and among Berkeley Lights, Inc., a Delaware corporation (“Parent”), Iceland Merger Sub Inc., a Delaware
          corporation and a wholly owned subsidiary of Parent, IsoPlexis Corporation, a Delaware corporation, the undersigned’s spouse and the other persons listed on Schedule A to the Agreement who are signatories thereto. The undersigned hereby agrees
          that the interest of the undersigned’s spouse in all property which is the subject of the Agreement shall be irrevocably bound by the terms of the Agreement and by any amendment, modification, waiver or termination signed by the undersigned’s
          spouse. The undersigned further agrees that the undersigned’s community property interest in all property which is the subject of the Agreement shall be irrevocably bound by the terms of the Agreement, and that the Agreement shall be binding on
          the executors, administrators, heirs and assigns of the undersigned. The undersigned further authorizes the undersigned’s spouse to amend, modify or terminate the Agreement, or waive any rights thereunder, and that each such amendment,
          modification, waiver or termination signed by the undersigned’s spouse shall be binding on the community property interest of the undersigned in all property which is the subject of the Agreement and on the executors, administrators, heirs and
          assigns of the undersigned, each as fully as if the undersigned had signed such amendment, modification, waiver or termination.

      

      
        

        

        

        

      

      	
              Dated: December       , 2022

            	 
	 	
              Name:Exhibit 10.2

 

ACQUIROR SUPPORT AGREEMENT

 

This ACQUIROR SUPPORT AGREEMENT
(this “Agreement”), dated as of December 20, 2022, is made by and among 10x
Capital Venture Acquisition Corp. III, a Cayman Islands exempted company (“10X”), Sparks Energy, Inc., a Delaware corporation
(“Sparks Energy”), and 10X Capital SPAC Sponsor III LLC, a Cayman Islands limited liability company (the “Sponsor”),
and the undersigned directors and officers of 10X (collectively with the Sponsor, the “Class B Holders”). 10X, Sparks
Energy and the Class B Holders shall be referred to herein from time to time collectively as the “Parties”. Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Merger Agreement (as defined below).

 

WHEREAS, 10X, Sparks Energy
and 10X Sparks Merger Sub, Inc., a Delaware corporation (“Merger Sub”), entered into that certain Agreement and Plan
of Merger, dated as of the date hereof (as it may be amended, restated or otherwise modified from time to time in accordance with its
terms, the “Merger Agreement”);

 

WHEREAS, the Class B Holders
are the record and beneficial owners of 10,000,000 issued and outstanding Class B ordinary shares of 10X (the “10X Class B Shares”);
and

 

WHEREAS, the Merger Agreement
contemplates that the Parties will enter into this Agreement concurrently with the execution and delivery of the Merger Agreement by the
parties thereto, pursuant to which, among other things, each Class B Holder will vote in favor of approval of the Proposals and agree
to certain transfer restrictions with respect to such Class B Holder’s Acquiror Common Stock.

 

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. Each Class B Holder hereby irrevocably and unconditionally agrees (a) to vote at any meeting of the shareholders of 10X,
and in any action by written resolution of the shareholders of 10X, all of such Class B Holder’s 10X Class B Shares (together with
any other equity securities of 10X that such Class B Holder holds of record or beneficially, as of the date of this Agreement, or acquires
record or beneficial ownership after the date hereof, collectively, the “Subject 10X Equity Securities”) (i) in favor
of the Proposals and (ii) against, and withhold consent with respect to, any other matter, action or proposal that would reasonably be
expected to result in (x) a breach of any of the 10X’s or Merger Sub’s covenants, agreements or obligations under the Merger
Agreement or any Ancillary Agreement or (y) any of the conditions to the Closing set forth in Sections 9.01, 9.02 or 9.03 of the Merger
Agreement not being satisfied, (b) if a meeting is held in respect of the matters set forth in clause (a), to appear at the meeting, in
person or by proxy, or otherwise cause all of such Class B Holder’s Subject 10X Equity Securities to be counted as present thereat
for purposes of establishing a quorum, (c) not to redeem, elect to redeem or tender or submit any of its Subject 10X Equity Securities
for redemption in connection with such shareholder approval, the Merger or any other transactions contemplated by the Merger Agreement,
(d) not to, directly or indirectly, (i) solicit, initiate, knowingly encourage (including by means of furnishing or disclosing information),
knowingly facilitate, discuss or negotiate, directly or indirectly, any inquiry, proposal or offer (written or oral) that constitutes
a Competing Proposal; (ii) furnish or disclose any non-public information about 10X to any Person in connection with a Competing
Proposal; (iii) enter into any Contract or other arrangement or understanding regarding a Competing Proposal; or (iv) otherwise
cooperate in any way with, or assist or participate in, or knowingly facilitate or encourage any effort or attempt by any Person to do
or seek to do any of the foregoing. The Class B Holder shall (A) notify Sparks Energy promptly upon receipt of any Competing Proposal
by the Class B Holder, and describe the material terms and conditions of any such offer in reasonable detail (including the identity of
the Persons making such Competing Proposal) and (B) keep Sparks Energy reasonably informed on a current basis of any modifications to
such offer or information.

 

     

     

    

 

Prior to any valid termination
of the Merger Agreement, each Class B Holder 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 contemplated by the Merger Agreement and
on the terms and subject to the conditions set forth therein.

 

2. Lock-Up.

 

a. For purposes
of this Agreement:

 

(i) the
term “First Tranche” means an amount of shares equal to one-half of the Lock-Up Shares;

 

(ii) the
term “Lock-Up Period” means the period beginning on the Closing Date and ending on the date that is thirty six (36)
months after the Closing Date; provided, that the Parties may mutually agree to shorten the duration of or otherwise waive the Lock-Up
Period;

 

(iii) the
term “Lock-Up Shares” means an amount of shares equal to the aggregate number of shares of Acquiror Common Stock held
by the Class B Holder(s) immediately following the Closing (excluding the (i) shares of Acquiror Common Stock underlying (a) the private
placement units issued to the Sponsor in connection with its initial public offering or (b) any private placement units issued on conversion
of Working Capital Loans, (ii) Acquiror Common Stock acquired after the date hereof in the public market, together with any securities
paid as dividends or distributions with respect to such securities or into which such securities are exchanged or converted); provided
that, for the avoidance of doubt, shares owned by the Class B Holders at Closing but which have been committed to be delivered following
Closing to a third party shall not be considered “Lock-Up Shares”;

 

(iv) the
term “Permitted Transferees” means any Person to whom a Class B Holder is permitted to transfer Lock-Up Shares prior
to the expiration of the Lock-Up Period pursuant to Section ‎2.(c); 

 

(v) the
term “Prospectus” means the final prospectus of 10X, filed with the United States Securities and Exchange Commission
(File No. 333-253868) on January 11, 2022; 

 

(vi) the
term “Second Tranche” means an amount of shares equal to the remaining one-half of the Lock-Up Shares; and

 

(vii) the
term “Transfer” means 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 or establishment or increase of a put equivalent position or
liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules
and regulations promulgated thereunder, with respect to, any security, (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).

 

    2

     

    

 

b. The Class
B Holders hereby agree that each shall not, and shall cause any of its respective Permitted Transferees not to, Transfer any Lock-Up Shares
during the Lock-Up Period (the “Transfer Restriction”), except in accordance with the following:

 

(i) with
respect to the First Tranche, each Class B Holder may transfer up to twenty-five percent (25%) of the First Tranche upon the date on which
the last reported sale price of the Acquiror Common Stock exceeds $13.50 per share for any twenty (20) trading days within any consecutive
thirty (30) trading day period that commences at least six (6) months after the Closing Date;

 

(ii) with
respect to the First Tranche, each Class B Holder may transfer up to ten percent (10%) of the First Tranche in connection with a marketed,
fully committed underwritten follow-on offering following the date that is at least 90 days after the Closing Date;

 

(iii) with
respect to the First Tranche, no Transfer Restrictions shall apply after the period beginning on the Closing Date and ending on the date
that is twelve (12) months after the Closing Date;

 

(iv) with
respect to one-third of the Second Tranche, the Transfer Restriction shall expire upon the earlier of: (i) the date on which the last
reported sale price of the Acquiror Common Stock exceeds $12.50 per share for any twenty (20) trading days within any consecutive thirty
(30) trading day period that commences after the Closing Date, or (ii) eighteen (18) months after the Closing Date;

 

(v) with
respect to one-third of the Second Tranche, the Transfer Restriction shall expire upon the earlier of: (i) the date on which the last
reported sale price of the Acquiror Common Stock exceeds $15.00 per share for any twenty (20) trading days within any consecutive thirty
(30) trading day period that commences after the Closing Date, or (ii) twenty four (24) months after the Closing Date; 

 

(vi) with
respect to the remaining Second Tranche, the Transfer Restriction shall expire upon the earlier of: (i) the date on which the last reported
sale price of the Acquiror Common Stock exceeds $17.00 per share for any twenty (20) trading days within any consecutive thirty (30) trading
day period that commences after the Closing Date, or (ii) thirty six (36) months after the Closing Date (for the avoidance of doubt no
Transfer Restrictions shall apply to any of the Lock-Up Shares after the expiration of the Lock-Up Period); and

 

(vii) on
the date on which post-merger 10X completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction
that results in all of post-merger 10X’s stockholders having the right to exchange their shares for cash, securities or other property,
the Transfer Restriction will terminate with respect to all Lock-Up Shares.

 

c. Notwithstanding
the provisions set forth in Section ‎2.(b), a Class B Holder or its Permitted Transferees may Transfer the Lock-Up Shares
during the Lock-Up Period to (i) to 10X’s officers or directors, (ii) to any Affiliates of the Sponsor; (iii) in respect of (i)
or (ii), in the case of an individual, by gift to a member of such individual’s immediate family or to a trust, the beneficiary
of which is a member of such individual’s immediate family, an Affiliate of such individual or to a charitable organization; (iv)
in respect of (i), (ii) or (iii), in the case of an individual, by virtue of laws of descent and distribution upon death of such individual;
(v) by virtue of the laws of the Cayman Islands or the Sponsor limited liability company agreement upon dissolution of the Sponsor, in
each case, subject to any such transferee signing a joinder hereto agreeing to be bound by all provisions hereof to the same extent as
the Sponsor.

 

    3

     

    

 

d. The per
share stock prices referenced in this Agreement will be equitably adjusted on account of any changes in the equity securities of 10X by
way of stock split, stock dividend, combination or reclassification, or through merger, consolidation, reorganization, recapitalization
or business combination, or by any other means.

 

e. If any
Transfer is made or attempted contrary to the provisions of this Agreement, such Transfer shall be null and void ab initio, and 10X shall
refuse to recognize any such transferee of the Lock-Up Shares as one of its equity holders for any purpose. In order to enforce this Section
‎2, 10X may impose stop-transfer instructions with respect to the Lock-Up Shares (and any Permitted Transferees and assigns
thereof) until the end of the Lock-Up Period.

 

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

 

“THE SECURITIES REPRESENTED BY
THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT, DATED AS OF DECEMBER 20, 2022, BY AND AMONG
THE ISSUER OF SUCH SECURITIES (THE “ISSUER”) AND THE ISSUER’S SECURITY
HOLDER NAMED THEREIN, AS AMENDED. A COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF
UPON WRITTEN REQUEST.”

 

g. For the
avoidance of any doubt, the Class B Holders shall retain all of their respective rights as a shareholder of 10X with respect to the Lock-Up
Shares during the Lock-Up Period, including the right to vote any Lock-Up Shares.

 

3. Other
Covenants.

 

a. Each
Class B Holder hereby agrees to be bound by and subject to (i) Section 8.04 (Confidentiality; Publicity) of the Merger Agreement to the
same extent as such provisions apply to the parties to the Merger Agreement, as if such Class B Holder is directly a party thereto, and
(ii) Section 7.12 (Exclusivity) and Section 8.01(c) (Support of Transaction) of the Merger Agreement to the same extent as such provisions
apply to 10X, as if such Class B Holder is directly party thereto.

 

b. Each
Class B Holder acknowledges and agrees that Sparks Energy is entering into the Merger Agreement in reliance upon such Class B Holder 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 such Class B Holder 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 Sparks Energy would not have
entered into, or agreed to consummate the transactions contemplated by, the Merger Agreement.

 

    4

     

    

 

4. Termination
of 10X Class B Shares IPO Lock-Up Period. Each Class B Holder and 10X hereby agree that effective as of the consummation of the Closing
(and not before), Section 3 of that certain Letter Agreement, dated January 11, 2022, by and among 10X, the Class B Holders and certain
other parties thereto (the “Class B Holder Agreement”), shall be amended and restated in its entirety as follows:

 

“3. Reserved.”

 

Notwithstanding anything to
the contrary in the Class B Holder Agreement, the restrictions set forth in Section 3 thereof shall be effective until the Closing.

 

The amendment and restatement
set forth in this Section 4 shall be void and of no force and effect with respect to the Class B Holder Agreement if the Merger
Agreement shall be terminated for any reason in accordance with its terms.

 

5. Representations
and Warranties.

 

a. Sponsor
represents and warrants to Sparks Energy as follows: (i) it is duly organized, validly existing and in good standing under the laws of
the Cayman Islands, and the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated
hereby are within Sponsor’s, corporate, limited liability company or organizational powers and have been duly authorized by all
necessary actions on the part of Sponsor; (ii) the execution and delivery of this Agreement by Sponsor does not, and the performance by
Sponsor of its obligations hereunder will not, (A) conflict with or result in a violation of the organizational documents of Sponsor,
or (B) require any consent or approval that has not been given or other action that has not been taken by any third party (including under
any Contract binding upon Sponsor or Sponsor’s Subject 10X Equity Securities), in each case, to the extent such consent, approval
or other action would prevent, enjoin or materially delay the performance by Sponsor of its obligations under this Agreement; and (iii)
there are no Actions pending against Sponsor or, to the knowledge of Sponsor, threatened against Sponsor, 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 Sponsor of its obligations under this Agreement.

 

b. The
undersigned directors and officers of 10X each represent and warrant to Sparks Energy that he has full legal capacity, right and authority
to execute and deliver this Agreement and to perform his obligations hereunder.

 

c. Each
Class B Holder represents and warrants to Sparks Energy as follows: (i) this Agreement has been duly executed and delivered by such Class
B Holder and, assuming due authorization, execution and delivery by the other parties to this Agreement, this Agreement constitutes a
legally valid and binding obligation of such Class B Holder, enforceable against such Class B Holder in accordance with the terms hereof
(except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles
of equity affecting the availability of specific performance and other equitable remedies), (ii) such Class B Holder has not entered into,
and shall not enter into, any agreement that would restrict, limit or interfere with the performance of such Class B Holder’s obligations
hereunder, and (iii) such Class B Holder is the record and beneficial owner (as defined in the Securities Act) of, and has good title
to, the respective Subject 10X Equity Securities set forth on Exhibit A hereto opposite such Class B Holder’s name, and, except
as disclosed in the Acquiror SEC Reports there exist no Liens or any other limitation or restriction (including any restriction on the
right to vote, sell or otherwise dispose of such Subject 10X Equity Securities (other than transfer restrictions under the Securities
Act)) or preemptive or other right or privilege for the purchase, acquisition or transfer from such Class B Holder affecting any such
Subject 10X Equity Securities, other than Liens pursuant to (i) this Agreement, (ii) the 10X organizational documents, (iii) the Merger
Agreement, (iv) the Class B Holder Agreement, or (v) any applicable Securities Laws.

 

    5

     

    

 

6. Termination.
This Agreement shall automatically terminate, without any notice or other action by any Party, and be void ab initio upon the earlier
of (a) the Effective Time and (b) the termination of the Merger Agreement in accordance with its terms. 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 6(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, 4, 10 (solely to the extent related to Sections
2, 4 or 10) and 11 shall each survive the termination of this Agreement pursuant to Section 6(a), and
(iii) Sections 7, 8, 9 and 10 (solely to the extent related to the following Sections 7 or 9)
shall survive any termination of this Agreement.

 

7. No
Recourse. Except for claims pursuant to the Merger Agreement or any other Ancillary Agreement by any party(ies) thereto against any
other party(ies) 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 Sparks Energy or any Affiliate of 10X (other than the Class B Holders, on the terms and subject to the conditions set
forth herein), and (b) none of the Affiliates of Sparks Energy or the Affiliates of 10X (other than the Class B Holders, 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.

 

8. Fiduciary
Duties. Notwithstanding anything in this Agreement to the contrary, (a) each Class B Holder makes no agreement or understanding herein
in any capacity other than in its capacity as a record holder and beneficial owner of the Subject 10X Equity Securities and (b) nothing
herein will be construed to limit or affect any action or inaction by any representative of the Sponsor in its capacity as a member of
the board of directors (or other similar governing body) of 10X or any of its Affiliates or as an officer, employee or fiduciary of 10X
or any of its Affiliates, in each case, acting in such person’s capacity as a director, officer, employee or fiduciary of 10X or
such Affiliate.

 

9. 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, partners or participants in a joint venture.

 

10. Incorporation
by Reference. Sections 1.02 (Construction) 11.03 (Assignment), 11.06 (Governing Law), 11.07 (Captions; Counterparts), 11.09 (Entire
Agreement), 11.10 (Amendments), 11.11 (Severability), 11.12 (Jurisdiction; Waiver of Jury Trial), 11.13 (Enforcement) and 11.15 (Non-Survival
of Representations, Warranties and Covenants) of the Merger Agreement are incorporated herein by reference and shall apply to this Agreement
mutatis mutandis.

 

11. Waiver
of Anti-dilution Protection. The Sponsor and each Class B Holder hereby irrevocably (a) waives, subject to, and conditioned upon,
the occurrence of the Closing, to the fullest extent permitted by law, and (b) agrees not to assert or perfect, any rights to adjustment
or other anti-dilution protections in connection with the transactions contemplated by the Merger Agreement.

 

[signature page follows]

 

    6

     

    

 

IN WITNESS WHEREOF, each of the Parties has
caused this Agreement to be duly executed on its behalf as of the day and year first above written.

 

	 	10X Capital SPAC Sponsor III LLC

 

	 	By:	/s/ Hans Thomas
	 	 	Name: 	Hans Thomas
	 	 	Title:	Sole Managing Member

 

	 	10X CAPITAL VENTURE ACQUISITION CORP. III

 

	 	By:	/s/ Hans Thomas
	 	 	Name: 	Hans Thomas
	 	 	Title:	Chairman and Chief Executive Officer

 

[Signature
Page to Acquiror Support Agreement]

 

     

     

    

 

	 	SPARKS ENERGY, INC.

 

	 	By:	/s/ Ottis Jarrada Sparks
	 	 	Name: 	Ottis Jarrada Sparks
	 	 	Title:	President

 

[Signature
Page to Acquiror Support Agreement]

 

     

     

    

 

	 	OTHER CLASS B HOLDERS:

 

	 	/s/ Hans Thomas
	 	Hans Thomas
	 	 
	 	/s/ David Weisburd
	 	David Weisburd
	 	 
	 	/s/ Oliver Wriedt
	 	Oliver Wriedt
	 	 
	 	/s/ Guhan Kandasamy
	 	Guhan Kandasamy
	 	 
	 	/s/ Christopher Jurasek
	 	Christopher Jurasek
	 	 
	 	/s/ Kash Sheikh
	 	Kash Sheikh
	 	 
	 	/s/ Woodrow H. Levin
	 	Woodrow H. Levin

 

[Signature Page to Acquiror Support
Agreement]

 

     

     

    

 

Exhibit
A

 

	Class
    B Holder	 	Subject
    10X Equity Securities
	10X Capital SPAC Sponsor III LLC	 	10,000,000
	Hans Thomas	 	0
	David Weisburd	 	0
	Oliver Wriedt	 	0
	Guhan Kandasamy	 	0
	Christopher Jurasek	 	0
	Kash Sheikh	 	0
	Woodrow H. Levin	 	0

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