Document:

Exhibit 4.2

 

RIGHTS
AGREEMENT

 

This
Rights Agreement (this “Agreement”) is made as of April 19, 2022 between Yotta Acquisition Corporation, a Delaware
corporation (the “Company”), and Continental Stock Transfer & Trust Company, a New York limited purpose trust
company, as rights agent (the “Rights Agent”).

 

WHEREAS,
the Company has received a firm commitment from Chardan Capital Markets, LLC (the “Representative”), as representative
of the several underwriters, to purchase up to an aggregate of 11,500,000 units, each unit (“Unit”) comprised of one
share of common stock of the Company, par value $.0001 (the “Common Stock”), one warrant entitling the holder thereof
to purchase one share of Common Stock, and one right to receive one-tenth (1/10) of one share of Common Stock (a “Public
Right”) upon the happening of the triggering event described herein, and in connection therewith, will issue and deliver
up to an aggregate of 11,500,000 Public Rights upon consummation of such public offering, 1,500,000 of which are attributable
to the over-allotment option (the “Public Offering”);

 

WHEREAS,
simultaneously with the consummation of the Public Offering, the Company will issue and deliver up to an aggregate of 313,500
rights (up to a maximum of 343,500 rights if the over-allotment option is exercised in full rights (the “Private Rights”)
underlying private units to be sold in a private placement that will close simultaneously with the closing of the Public Offering;

 

WHEREAS,
the Company may issue additional Rights, which will be identical to the Private Rights, in consideration of certain working capital
loans that may be made by the Company’s sponsor, officers, directors or their affiliates (together with the Public Rights,
the Private Rights, the the Representative Rights, and along with such other rights as the Company issues from time to time hereunder,
the “Rights”);

 

WHEREAS,
the Company has filed with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-1,
File No. 333-263415 (the “Registration Statement”), for the registration, under the Securities Act of 1933, as amended
(the “Act”) of, among other securities, the Rights and the shares of Common Stock issuable to the holders of the Rights;

 

WHEREAS,
the Company desires the Rights Agent to act on behalf of the Company, and the Rights Agent is willing to so act, in connection
with the issuance, registration, transfer and exchange of the Rights;

 

WHEREAS,
the Company desires to provide for the form and provisions of the Rights, the terms upon which they shall be issued, and the respective
rights, limitation of rights, and immunities of the Company, the Rights Agent, and the holders of the Rights; and

 

WHEREAS,
all acts and things have been done and performed that are necessary to make the Rights, when executed on behalf of the Company
and countersigned by or on behalf of the Rights Agent, as provided herein, the valid, binding and legal obligations of the Company,
and to authorize the execution and delivery of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

1.
Appointment of Rights Agent. The Company hereby appoints the Rights Agent to act as agent for the Company for the Rights,
and the Rights Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions
set forth in this Agreement.

 

2.
Rights.

 

2.1.
Form of Right. Each Right shall be issued in registered or book entry form only, shall be in substantially the form of
Exhibit A hereto, the provisions of which are incorporated herein, and shall be signed by, or bear the electronic signature
of, the Chairman of the Board or Chief Executive Officer and Treasurer, Secretary or Assistant Secretary of the Company and shall
bear the Company’s seal, if any. In the event the person whose electronic signature has been placed upon any Right shall
have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with
the same effect as if he or she had not ceased to be such at the date of issuance.

 

     

     

    

 

2.2.
Effect of Countersignature. Except with respect to uncertificated Rights as described above, unless and until countersigned
by the Rights Agent pursuant to this Agreement, a registered Right shall be invalid and of no effect and may not be exchanged
for shares of Common Stock.

 

2.3.
Registration.

 

2.3.1.
Right Register. The Rights Agent shall maintain books (the “Right Register”) for the registration of original
issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue
and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with
instructions delivered to the Rights Agent by the Company.

 

2.3.2.
Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent
may deem and treat the person or entity in whose name such Right shall be registered upon the Right Register (the “registered
holder”) as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership
or other writing on the Right certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange
thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary.

 

2.4.
Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable
until the forty-fifth (45th) day after the date hereof unless the Representative informs the Company and the Rights
Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the
Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the
receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise
of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press
release announcing when such separate trading shall begin.

 

3.
Terms and Exchange of Rights.

 

3.1.
Rights. Each Right shall entitle the holder thereof to receive one-tenth (1/10) of one share of Common Stock upon the happening
of the Exchange Event (as defined below). No additional consideration shall be paid by a holder of Rights in order to receive
his, her or its shares of Common Stock upon the Exchange Event as the purchase price for such shares of Common Stock has been
included in the purchase price for the Units. In no event will the Company be required to net cash settle the Rights or issue
fractional shares of Common Stock. The provisions of this Section 3.1 may not be modified, amended or deleted without the
prior written consent of the Representative.

 

3.2.
Exchange Event. The “Exchange Event” shall be the Company’s consummation of an initial Business Combination
(as defined in the Company’s Amended and Restated Certificate of Incorporation).

 

3.3.
Exchange of Rights.

 

3.3.1.
Issuance of Shares of Common Stock. As soon as practicable upon the occurrence of the Exchange Event, the Company shall
direct holders of the Rights to return their Rights Certificates to the Rights Agent. If the Company is not the surviving entity
in a Business Combination, the holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate,
the Rights Agent shall issue to the registered holder of such Right(s) the number of full shares of Common Stock to which he,
she or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or
any provision contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights.
The Company shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct
the Rights Agent to round down to the nearest whole share of Common Stock or otherwise inform it how fractional shares will be
addressed in accordance with Delaware law.

 

3.3.2.
Valid Issuance. All shares of Common Stock issued upon an Exchange Event in conformity with this Agreement shall be validly
issued, fully paid and nonassessable.

 

    1

     

    

 

3.3.3.
Date of Issuance. Each person in whose name any such certificate or book-entry position for shares of Common Stock is issued
shall for all purposes be deemed to have become the holder of record of such shares on the date of the Exchange Event, irrespective
of the date of delivery of such certificate or book-entry position.

 

3.3.4.
Company Not Surviving Following Exchange Event. If the Exchange Event results in the Company not continuing as the surviving
company, the definitive agreement will provide for the holders of Rights to receive the same per share consideration as the holders
of the Common Stock will receive in connection with the Exchange Event, for the number of shares such holder is entitled to pursuant
to Section 3.1 above, and each holder of a Right will be required to affirmatively convert his, her or its Rights in order
to receive the one-tenth (1/10) of one share underlying each Right (without paying any additional consideration) upon consummation
of the Exchange Event.

 

3.4.
Duration of Rights. If an Exchange Event does not occur within the time period set forth in the Company’s Amended
and Restated Certificate of Incorporation, as the same may be amended from time to time, the Rights shall expire and shall be
worthless; provided that, for as long as any of the the Representative Rights are held by the Representative, or its designees
or affiliates, such Rights may not be converted after five years, from the commencement of sales under the Registration Statement.

 

4.
Transfer and Exchange of Rights.

 

4.1.
Registration of Transfer. The Rights Agent shall register the transfer, from time to time, of any outstanding Right upon
the Right Register, upon surrender of such Right for transfer, properly endorsed with signatures properly guaranteed and accompanied
by appropriate instructions for transfer. Upon any such transfer, a new Right representing an equal aggregate number of Rights
shall be issued and the old Right shall be cancelled by the Rights Agent.

 

4.2.
Procedure for Surrender of Rights. Rights may be surrendered to the Rights Agent, together with a written request for exchange
or transfer, and thereupon the Rights Agent shall issue in exchange therefor one or more new Rights as requested by the registered
holder of the Rights so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that
a Right surrendered for transfer bears a restrictive legend and the new Rights to be issued will not bear a restrictive legend,
the Rights Agent shall not cancel such Right and issue new Rights in exchange therefor until the Rights Agent has received an
opinion of counsel for the Company stating that such transfer may be made and indicating no restrictive legend is required.

 

4.3.
Fractional Rights. The Rights Agent shall not be required to effect any registration of transfer or exchange which will
result in the issuance of a Right certificate for a fraction of a Right.

 

4.4.
Service Charges. No service charge shall be made for any exchange or registration of transfer of Rights.

 

4.5.
Right Execution and Countersignature. The Rights Agent is hereby authorized to countersign and to deliver, in accordance
with the terms of this Agreement, the Rights required to be issued pursuant to the provisions of this Section 4, and the
Company, whenever required by the Rights Agent, will supply the Rights Agent with Rights duly executed on behalf of the Company
for such purpose.

 

4.6.
Adjustments to Conversion Ratios. The number of shares of Common Stock that the holders of Rights are entitled to receive
as a result of the occurrence of an Exchange Event shall be equitably adjusted to reflect appropriately the effect of any share
split, reverse share split, share dividend, reorganization, recapitalization, reclassification, combination, exchange of shares
or other like change with respect to the shares of Common Stock occurring on or after the date hereof and prior to the Exchange
Event.

 

5.
Other Provisions Relating to Rights of Holders of Rights.

 

5.1.
No Rights as Shareholder. Until the exchange of a Right for shares of Common Stock as provided for herein, a Right does
not entitle the registered holder thereof to any of the rights of a shareholder of the Company, including, without limitation,
the right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent or to receive notice
as shareholders in respect of the meetings of shareholders or the election of directors of the Company or any other matter.

 

    2

     

    

 

5.2.
Lost, Stolen, Mutilated, or Destroyed Rights. If any Right is lost, stolen, mutilated, or destroyed, the Company and the
Rights Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of
a mutilated Right, include the surrender thereof), issue a new Right of like denomination, tenor, and date as the Right so lost,
stolen, mutilated, or destroyed. Any such new Right shall constitute a substitute contractual obligation of the Company, whether
or not the allegedly lost, stolen, mutilated, or destroyed Right shall be at any time enforceable by anyone.

 

5.3.
Reservation of Shares of Common Stock. The Company shall at all times reserve and keep available a number of its authorized
but unissued shares of Common Stock that will be sufficient to permit the exchange of all outstanding Rights issued pursuant to
this Agreement.

 

6.
Concerning the Rights Agent and Other Matters.

 

6.1.
Payment of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company
or the Rights Agent in respect of the issuance or delivery of shares of Common Stock upon the exchange of Rights, but the Company
shall not be obligated to pay any transfer taxes in respect of the Rights or such shares.

 

6.2.
Resignation, Consolidation, or Merger of Rights Agent.

 

6.2.1.
Appointment of Successor Rights Agent. The Rights Agent, or any successor to it hereafter appointed, may resign its duties
and be discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the
Company. If the office of the Rights Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall
appoint in writing a successor Rights Agent in place of the Rights Agent. If the Company shall fail to make such appointment within
a period of 30 days after it has been notified in writing of such resignation or incapacity by the Rights Agent or by the holder
of the Right (who shall, with such notice, submit his, her or its Right for inspection by the Company), then the holder of any
Right may apply to the Supreme Court of the State of New York for the County of New York for the appointment of a successor Rights
Agent at the Company’s cost. Any successor Rights Agent, whether appointed by the Company or by such court, shall be a corporation
organized and existing under the laws of the State of New York, in good standing and having its principal office in the Borough
of Manhattan, City and State of New York, and authorized under such laws to exercise corporate trust powers and subject to supervision
or examination by federal or state authority. After appointment, any successor Rights Agent shall be vested with all the authority,
powers, rights, immunities, duties, and obligations of its predecessor Rights Agent with like effect as if originally named as
Rights Agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor
Rights Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor Rights Agent
all the authority, powers, and rights of such predecessor Rights Agent hereunder; and upon request of any successor Rights Agent
the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting
in and confirming to such successor Rights Agent all such authority, powers, rights, immunities, duties, and obligations.

 

6.2.2.
Notice of Successor Rights Agent. In the event a successor Rights Agent shall be appointed, the Company shall give notice
thereof to the predecessor Rights Agent and the transfer agent for the shares of Common Stock not later than the effective date
of any such appointment.

 

6.2.3.
Merger or Consolidation of Rights Agent. Any corporation into which the Rights Agent may be merged or with which it may
be consolidated or any corporation resulting from any merger or consolidation to which the Rights Agent shall be a party shall
be the successor Rights Agent under this Agreement without any further act.

 

6.3.
Fees and Expenses of Rights Agent.

 

6.3.1.
Remuneration. The Company agrees to pay the Rights Agent reasonable remuneration for its services as such Rights Agent
hereunder and will reimburse the Rights Agent upon demand for all expenditures that the Rights Agent may reasonably incur in the
execution of its duties hereunder.

 

    3

     

    

 

6.3.2.
Further Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed,
acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the
Rights Agent for the carrying out or performing of the provisions of this Agreement.

 

6.4.
Liability of Rights Agent.

 

6.4.1.
Reliance on Company Statement. Whenever in the performance of its duties under this Agreement, the Rights Agent shall deem
it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action
hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be
conclusively proved and established by a statement signed by the Chief Executive Officer or Chief Financial Officer and delivered
to the Rights Agent. The Rights Agent may rely upon such statement for any action taken or suffered in good faith by it pursuant
to the provisions of this Agreement.

 

6.4.2.
Indemnity. The Rights Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith.
Subject to Section 6.6 below, the Company agrees to indemnify the Rights Agent and save it harmless against any and all liabilities,
including judgments, costs and reasonable counsel fees, for anything done or omitted by the Rights Agent in the execution of this
Agreement except as a result of the Rights Agent’s gross negligence, willful misconduct, or bad faith.

 

6.4.3.
Exclusions. The Rights Agent shall have no responsibility with respect to the validity of this Agreement or with respect
to the validity or execution of any Right (except its countersignature thereof); nor shall it be responsible for any breach by
the Company of any covenant or condition contained in this Agreement or in any Right; nor shall it by any act hereunder be deemed
to make any representation or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant
to this Agreement or any Right or as to whether any shares of Common Stock will, when issued, be valid and fully paid and nonassessable.

 

6.5.
Acceptance of Agency. The Rights Agent hereby accepts the agency established by this Agreement and agrees to perform the
same upon the terms and conditions herein set forth.

 

6.6.
Waiver. The Rights Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of
the date hereof, by and between the Company and the Rights Agent as trustee thereunder) and hereby agrees not to seek recourse,
reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

7.
Miscellaneous Provisions.

 

7.1.
Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights Agent
shall bind and inure to the benefit of their respective successors and assigns.

 

7.2.
Notices. Any notice, statement or demand authorized by this Agreement to be given or made by the Rights Agent or by the
holder of any Right to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if
sent by certified mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until
another address is filed in writing by the Company with the Rights Agent), as follows:

 

Yotta
Acquisition Corporation

1185
Avenue of the Americas, Suite 301

New
York, NY 10036

Attn:
Hui Chen

E-mail:
hui.chen@alum.cardozo.yu.edu

 

    4

     

    

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Right or by the Company to or
on the Rights Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail
or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is
filed in writing by the Rights Agent with the Company), as follows:

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, NY 10004-1561

Attn:
Legal Department

Email:
Compliance@continentalstock.com

 

and

 

Loeb
& Loeb LLP

35 Park Avenue

New York, NY 10154

Attn: Giovanni Caruso, Esq.

 

and

 

Chardan
Capital Markets, LLC

17
State Street, Suite 2130

New York, NY 10004

Attn: George Kaufman

 

and

 

Hunter
Taubman Fischer and Li LLC

48
Wall Street, Suite 1100

New
York, NY 10005

Attn: Lou Taubman, Esq.

 

7.3.
Applicable Law. The validity, interpretation, and performance of this Agreement and of the Rights shall be governed in
all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the
application of the substantive laws of another jurisdiction. Subject to applicable law, the Company and the Rights Agent hereby
agree that any action, proceeding or claim against either of them arising out of or relating in any way to this Agreement shall
be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of
New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive forum for any such action, proceeding
or claim. The Company and the Rights Agent hereby waive any objection to such exclusive jurisdiction and that such courts represent
an inconvenient forum. Notwithstanding the foregoing, the provisions of this paragraph will not apply to suits brought to enforce
any liability or duty created by the Securities Exchange Act of 1934, as amended, or any other claim for which the federal district
courts of the United States of America are the sole and exclusive forum or any compliant asserting a cause of action arising under
the Securities Act against the Company or any of the Company’s directors, officers, other employees or agents.

 

Any
person or entity purchasing or otherwise acquiring any interest in the Rights shall be deemed to have notice of and to have consented
to the forum provisions in this Section 7.3. If any action, the subject matter of which is within the scope the forum provisions
above, is filed in a court other than a court located within the State of New York or the United States District Court for the
Southern District of New York (a “foreign action”) in the name of any Rights holder, such Rights holder shall be deemed
to have consented to: (x) the personal jurisdiction of the state and federal courts located within the State of New York or the
United States District Court for the Southern District of New York in connection with any action brought in any such court to
enforce the forum provisions (an “enforcement action”), and (y) having service of process made upon such Rights holder
in any such enforcement action by service upon such Rights holder’s counsel in the foreign action as agent for such Rights
holder.

 

    5

     

    

 

7.4.
Persons Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any
of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than
the parties hereto and the registered holders of the Rights and, for the purposes of Sections 3.1, 7.4 and 7.8 hereof, the
Representative, any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise,
or agreement hereof. The Representative shall be deemed to be a third-party beneficiary of this Agreement with respect to Sections 3.1,
7.4 and 7.8 hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for
the sole and exclusive benefit of the parties hereto (and the Representative with respect to Sections 3.1, 7.4 and 7.8 hereof)
and their successors and assigns and of the registered holders of the Rights.

 

7.5.
Examination of Rights Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the
Rights Agent in the County of New York, State of New York, for inspection by the registered holder of any Right. The Rights Agent
may require any such holder to submit his, her or its Right for inspection by it.

 

7.6.
Counterparts. This Agreement may be executed in any number of original or electronic counterparts and each of such counterparts
shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

7.7.
Effect of Headings. The Section headings herein are for convenience only and are not part of this Agreement and shall not
affect the interpretation thereof.

 

7.8.
Amendments. This Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose
of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein or adding or changing
any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable
and that the parties deem shall not adversely affect the interest of the registered holders in any material respect. All other
modifications or amendments shall require the written consent or vote of the registered holders of a majority of the then outstanding
Rights. The provisions of this Section 7.8 may not be modified, amended or deleted without the prior written consent of the
Representative.

 

7.9.
Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision
hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore,
in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part
of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and
enforceable.

 

[Signature
Page Follows]

 

    6

     

    

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

 

	 	Yotta Acquisition Corporation
	 	 
	 	By:	/s/
Hui Chen 
	 	 	Name: 	Hui Chen 
	 	 	Title:	Chief Executive Officer
	 	 	 
	 	CONTINENTAL
        STOCK TRANSFER & TRUST COMPANY

        

	 	 
	 	By:	/s/
Douglas Reed
	 	 	Name:	 Douglas Reed
	 	 	Title: 	Vice President

 

Signature
Page to Rights Agreement

 

    7

     

    

 

EXHIBIT
A

 

Form
of Rights Certificate

 

    A-1Exhibit 10.1

 

April
19, 2022

 

Yotta
Acquisition Corporation

1185
Avenue of the Americas, Suite 301

New
York, NY 10036

 

Chardan
Capital Markets, LLC

17
State Street, Suite 2130

New
York, NY 10004

 

	 	Re:	Initial
    Public Offering

 

Ladies
and Gentlemen:

 

This
letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and between Yotta Acquisition Corporation, a Delaware corporation (the “Company”), and
Chardan Capital Markets, LLC, as Representative (the “Representative”) of the several underwriters named
on Schedule A thereto (the “Underwriters”), relating to an underwritten initial public offering (the
“IPO”) of the Company’s units (the “Units”), each comprised of one share
of common stock of the Company, $0.0001 par value (the “Common Stock”), one redeemable warrant, each
warrant entitling its holder to purchase one share of Common Stock at an exercise price of $11.50 per full share (the “Warrants”),
and one right to receive one-tenth of one share of Common Stock upon the consummation of an initial business combination. Certain
capitalized terms used herein are defined in paragraph 16 hereof.

 

In
order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in
recognition of the benefit that such IPO will confer upon the undersigned as a shareholder of the Company, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the
Company as follows:

 

1. If
the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares of Common Stock
beneficially owned by him, her or it, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

2. (a)
Unless the Company’s shareholders are previously given the option to redeem their shares in connection with amending applicable
documents to extend the time that the Company has to complete a Business Combination and the Company fails to consummate a Business
Combination within 9 months from the closing of the Company’s IPO (or, in the event that the Company extended the period
of time to consummate a business combination up to 15 months from the closing of the Company’s IPO, as specified in the
Company’s amended and restated certificate of incorporation), the undersigned shall take all reasonable steps to (i) cause
the Trust Fund to be liquidated and distributed to the holders of the IPO Shares and (ii) cause the Company to liquidate as soon
as reasonably practicable.

 

(b)
The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Fund
and any remaining net assets of the Company as a result of such liquidation with respect to his, her or its Insider Shares (“Claim”)
and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements
with the Company and will not seek recourse against the Trust Fund for any reason whatsoever.

 

3. The
undersigned will escrow all of his, her or its Insider Shares pursuant to the terms of a Stock Escrow Agreement, which the Company
will enter into with the undersigned and an escrow agent acceptable to the Company.

 

4. In
order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to present
to the Company for its consideration, prior to presentation to any other person or entity, any suitable opportunity to acquire
a target business, until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company,
subject to any pre-existing fiduciary and contractual obligations the undersigned might have.

 

     

     

    

 

5. The
undersigned acknowledges and agrees that prior to entering into a Business Combination with a target business that is affiliated
with any Insiders of the Company or their affiliates, including any company that is a portfolio company of, or otherwise affiliated
with, or has received financial investment from, an entity with which any Insider or their affiliates is affiliated, such transaction
must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion
from an independent investment banking firm that such Business Combination is fair to the Company’s unaffiliated shareholders
from a financial point of view.

 

6. Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive
and will not accept any compensation or other cash payment prior to, or for services rendered in connection with, the consummation
of the Business Combination; provided that the Company shall be allowed to repay working capital loans made by the undersigned
to the Company in cash upon consummation of the Business Combination. Notwithstanding the foregoing, the undersigned and any affiliate
of the undersigned shall be entitled to reimbursement from the Company for their out-of-pocket expenses incurred in connection
with identifying, investigating and consummating a Business Combination.

 

7. Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive
or accept a finder’s fee or any other compensation in the event the undersigned, any member of the family of the undersigned
or any affiliate of the undersigned originates a Business Combination.

 

8. The
undersigned agrees to be a director or officer of the Company until the earlier of the consummation by the Company of a Business
Combination or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company
and the Representative is true and accurate in all material respects, does not omit any material information with respect to the
undersigned’s biography and contains all of the information required to be disclosed pursuant to Item 401 of Regulation
S-K, promulgated under the Securities Act of 1933. The undersigned’s FINRA Questionnaire or/and Director and Officer Questionnaire
previously furnished to the Company and the Representative is true and accurate in all material respects. The undersigned represents
and warrants that:

 

		(a)	He,
                                         she or it has never had a petition under the federal bankruptcy laws or any state insolvency
                                         law been filed by or against (i) him, her or it, or any partnership in which he or she
                                         was a general partner at or within two years before the time of filing; or (ii) any corporation
                                         or business association of which he or she was an executive officer at or within two
                                         years before the time of such filing;

 

		(b)	He,
                                         she or it has never had a receiver, fiscal agent or similar officer been appointed by
                                         a court for his business or property, or any such partnership;

 

		(c)	He,
                                         she or it has never been convicted of fraud in a civil or criminal proceeding;

 

		(d)	He,
                                         she or it has never been convicted in a criminal proceeding or named the subject of a
                                         pending criminal proceeding (excluding traffic violations and minor offenses);

 

		(e)	He,
                                         she or it has never been the subject of any order, judgment or decree, not subsequently
                                         reversed, suspended or vacated, of any court of competent jurisdiction, permanently or
                                         temporarily enjoining or otherwise limiting him, her or it from (i) acting as a futures
                                         commission merchant, introducing broker, commodity trading advisor, commodity pool operator,
                                         floor broker, leverage transaction merchant, any other person regulated by the Commodity
                                         Futures Trading Commission (“CFTC”) or an associated person of any of the
                                         foregoing, or as an investment adviser, underwriter, broker or dealer in securities,
                                         or as an affiliated person, director or employee of any investment company, bank, savings
                                         and loan association or insurance company, or from engaging in or continuing any conduct
                                         or practice in connection with any such activity; or (ii) engaging in any type of business
                                         practice; or (iii) engaging in any activity in connection with the purchase or sale of
                                         any security or commodity or in connection with any violation of federal or state securities
                                         or federal commodities laws;

 

    2

     

    

 

		(f)	He,
                                         she, or it has never been the subject of any order, judgment or decree, not subsequently
                                         reversed, suspended or vacated, of any federal or state authority barring, suspending
                                         or otherwise limiting for more than 60 days his, her or its right to engage in any activity
                                         described in 11(e)(i) above, or to be associated with persons engaged in any such activity;

 

		(g)	He,
                                         she, or it has never been found by a court of competent jurisdiction in a civil action
                                         or by the SEC to have violated any federal or state securities law, where the judgment
                                         in such civil action or finding by the SEC has not been subsequently reversed, suspended
                                         or vacated;

 

		(h)	He,
                                         she, or it has never been found by a court of competent jurisdiction in a civil action
                                         or by the CFTC to have violated any federal commodities law, where the judgment in such
                                         civil action or finding by the CFTC has not been subsequently reversed, suspended or
                                         vacated;

 

		(i)	He,
                                         she, or it has never been the subject of, or a party to, any Federal, State or foreign
                                         judicial or administrative order, judgment, decree or finding, not subsequently reversed,
                                         suspended or vacated, relating to an alleged violation of (i) any Federal, State or foreign
                                         securities or commodities law or regulation, (ii) any law or regulation respecting financial
                                         institutions or insurance companies including, but not limited to, a temporary or permanent
                                         injunction, order of disgorgement or restitution, civil money penalty or temporary or
                                         permanent cease-and desist order, or removal or prohibition order or (iii) any law or
                                         regulation prohibiting mail or wire fraud or fraud in connection with any business entity;

 

		(j)	He,
                                         she or it has never been the subject of, or party to, any sanction or order, not subsequently
                                         reversed, suspended or vacated, or any self-regulatory organization, any registered entity,
                                         or any equivalent exchange, association, entity or organization that has disciplinary
                                         authority over its members or persons associated with a member;

 

		(k)	He,
                                         she or it has never been convicted of any felony or misdemeanor: (i) in connection with
                                         the purchase or sale of any security; (ii) involving the making of any false filing with
                                         the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker,
                                         dealer, municipal securities dealer, investment advisor or paid solicitor of purchasers
                                         of securities;

 

		(l)	He,
                                         she or it was never subject to a final order of a state or foreign securities commission
                                         (or an agency of officer of a state performing like functions); a state or foreign authority
                                         that supervises or examines banks, savings associations, or credit unions; a state or
                                         foreign insurance commission (or an agency or officer of a state performing like functions);
                                         an appropriate federal or foreign banking agency; the CFTC; or the National Credit Union
                                         Administration that is based on a violation of any law or regulation that prohibits fraudulent,
                                         manipulative, or deceptive conduct;

 

		(m)	He,
                                         she or it has never been subject to any order, judgment or decree of any court of competent
                                         jurisdiction, that, at the time of the sale of the Units, restrained or enjoined him,
                                         her or it from engaging or continuing to engage in any conduct or practice: (i) in connection
                                         with the purchase or sale of any security; (ii) involving the making of any false filing
                                         with the SEC or any foreign regulatory agency with similar functions; or (iii) arising
                                         out of the conduct of the business of an underwriter, broker, dealer, municipal securities
                                         dealer, investment adviser or paid solicitor of purchasers of securities;

 

		(n)	He,
                                         she or it has never been subject to any order of the SEC or any foreign regulatory agency
                                         with similar functions that orders him, her or it to cease and desist from committing
                                         or causing a future violation of: (i) any scienter-based anti-fraud provision of the
                                         federal securities laws, including, but not limited to, Section 17(a)(1) of the
                                         Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder,
                                         Section 15(c) and Section 206(1) of the Advisers Act or any other rule or regulation
                                         thereunder; or (ii) Section 5 of the Securities Act;

 

    3

     

    

 

		(o)	He,
                                         she or it has never filed (as a registrant or issuer), or been named as an underwriter
                                         in any registration statement or Regulation A offering statement filed with the SEC that
                                         was the subject of a refusal order, stop order, or order suspending the Regulation A
                                         exemption, or is, currently, the subject of an investigation or proceeding to determine
                                         whether a stop order or suspension order should be issued;

 

		(p)	He,
                                         she or it has never been subject to a United States Postal Service false representation
                                         order, or is currently subject to a temporary restraining order or preliminary injunction
                                         with respect to conduct alleged by the United States Postal Service to constitute a scheme
                                         or device for obtaining money or property through the mail by means of false representations;

 

		(q)	He,
                                         she or it is not subject to a final order of a state securities commission (or an agency
                                         of officer of a state performing like functions); a state authority that supervises or
                                         examines banks, savings associations, or credit unions; a state insurance commission
                                         (or an agency or officer of a state performing like functions); an appropriate federal
                                         banking agency; the CFTC; or the National Credit Union Administration that bars the undersigned
                                         from: (i) association with an entity regulated by such commission, authority, agency
                                         or officer; (ii) engaging in the business of securities, insurance or banking; or (iii)
                                         engaging in savings association or credit union activities;

 

		(r)	He,
                                         she or it is not subject to an order of the SEC entered pursuant to section 15(b)
                                         or 15B(c) of the Securities Exchange Act of 1934 (the “Exchange Act”) or
                                         section 203(e) or 203(f) of the Investment Advisers Act of 1940 (the “Advisers
                                         Act”) that: (i) suspends or revokes the undersigned’s registration as a broker,
                                         dealer, municipal securities dealer or investment adviser; (ii) places limitations on
                                         the activities, functions or operations of, or imposes civil money penalties on, such
                                         person; or (iii) bars the undersigned from being associated with any entity or from participating
                                         in the offering of any penny stock; and

 

		(s)	He,
                                         she or it has never been suspended or expelled from membership in, or suspended or barred
                                         from association with a member of, a securities self-regulatory organization (e.g., a
                                         registered national securities exchange or a registered national or affiliated securities
                                         association) for any act or omission to act constituting conduct inconsistent with just
                                         and equitable principles of trade.

 

9.
The undersigned has full right and power, without violating any agreement by which he, she or it is bound, to enter into this
letter agreement and to serve as a Director and/or officer of the Company and consents to being named in the registration statement
on Form S-1 and prospectus filed by the Company with the U.S. Securities and Exchange Commission, road show and any other materials
as an officer and/or director of the Company, as applicable.

 

10.
The undersigned hereby waives his, her or its right to exercise redemption rights with respect to any shares of Common Stock owned
or to be owned by the undersigned, directly or indirectly, whether purchased by the undersigned prior to the IPO, in the IPO or
in the aftermarket, and agrees that he, she or it will not seek redemption with respect to or otherwise sell, such shares in connection
with any vote to approve a Business Combination with respect thereto, a vote to amend the provisions of the Company’s Amended
and Restated Certificate of Incorporation, or a tender offer by the Company prior to a Business Combination.

 

11.
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to the Company’s Amended and Restated Certificate
of Incorporation with respect to the Company’s pre-Business Combination activities prior to the consummation of a Business
Combination unless the Company offers holders of IPO Shares the right to receive their pro rata portion of the funds then held
in the Trust Fund.

 

12.
In connection with Section 5-1401 of the General Obligations Law of the State of New York, this letter agreement shall be
governed by, and construed in accordance with, the laws of the State of New York without regard to principles of conflicts of
law that would result in the application of the substantive law of another jurisdiction. The parties hereto agree that any action,
proceeding or claim arising out of or relating in any way to this letter agreement shall be resolved through final and binding
arbitration in accordance with the International Arbitration Rules of the American Arbitration Association (“AAA”).
The arbitration shall be brought before the AAA International Center for Dispute Resolution’s offices in New York City,
New York, will be conducted in English and will be decided by a panel of three arbitrators selected from the AAA Commercial Disputes
Panel and that the arbitrator panel’s decision shall be final and enforceable by any court having jurisdiction over the
party from whom enforcement is sought. The cost of such arbitrators and arbitration services, together with the prevailing party’s
legal fees and expenses, shall be borne by the non-prevailing party or as otherwise directed by the arbitrators.

 

    4

     

    

 

13.
As used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition,
contractual arrangement, share purchase, recapitalization, reorganization or other similar business combination with one or more
businesses or entities; (ii) “Insiders” shall mean all officers, directors and shareholders of the Company
immediately prior to the IPO; (iii) “Insider Shares” shall mean all of the shares of Common Stock of
the Company acquired by an Insider prior to the IPO and any shares of Common Stock underlying the Private Units; (iv) “IPO
Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Registration Statement”
means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (vi) “Trust Fund”
shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

 

14.
Any notice, consent or request to be given in connection with any of the terms or provisions of this letter agreement shall be
in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested),
by hand delivery or facsimile transmission.

 

If
to the Representative:

 

Chardan
Capital Markets, LLC

17
State Street, Suite 2130

New
York, NY 10004

Attn:
Shai Gerson

Facsimile:
(646) 465-9039

 

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

 

Hunter
Taubman Fischer and Li LLC

48 Wall Street, Suite 1100

New
York, NY 10005

Attn: Lou Taubman

Guillaume
de Sampigny

Facsimile:
(212) 202-6380

 

If
to the Company:

 

Yotta
Acquisition Corporation

1185
Avenue of the Americas, Suite 301

New
York, NY 10036

Attn:
Hui Chen, Chief Executive Officer

 

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

 

Loeb
& Loeb LLP

345
Park Avenue

New
York, NY 10154

Attn:
Giovanni Caruso, Esq.

Facsimile:
(212) 407-4990

 

15.
No party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the
prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual
and shall not operate to transfer or assign any interest or title to the purported assignee. This letter agreement shall be binding
on the parties hereto and any successors and assigns thereof.

 

    5

     

    

 

16.
The undersigned acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations
and warranties set forth herein in proceeding with the IPO.

 

[Signature
Page Follows]

 

    6

     

    

 

	Sincerely,	 
	 	 
	By:	/s/
    Hui Chen	 
	 	Name
                                            of Insider: Hui Chen
	 

 

	By:	/s/
    Robert Labbe	 
	 	Name
    of Insider: Robert Labbe	 

 

	By:	/s/
    Brandon Miller	 
	 	Name
    of Insider: Brandon Miller	 

 

	By:	/s/
    Daniel M. McCabe	 
	 	Name
    of Insider: Daniel M. McCabe	 

 

	By:	/s/
    Michael Lazar	 
	 	Name
    of Insider: Michael Lazar	 

 

Signature
Page to Letter Agreement 

 

    7

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