Document:

Exhibit 10.1

 

AMENDMENT TO INVESTMENT MANAGEMENT TRUST AGREEMENT

 

THIS AMENDMENT TO INVESTMENT MANAGEMENT TRUST AGREEMENT
(this “Amendment Agreement”), dated as of December 9, 2022, is made by and between DHB Capital Corp., a Delaware
corporation (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation (the
 “Trustee”).

 

WHEREAS, the parties hereto are parties to that
certain Investment Management Trust Agreement dated as of March 1, 2021 (the “Trust Agreement”);

 

WHEREAS, following the closing of the Offering,
a total of $287,500,000 of the net proceeds from the Offering was placed in the Trust Account;

 

WHEREAS, Section 1(i) of the Trust Agreement
provides that the Trustee is to liquidate the Trust Account and distribute the Property in the Trust Account, including interest earned
on the funds held in the Trust Account and not previously released to the Company to pay its taxes (less up to $100,000 of interest that
may be released to the Company to pay dissolution expenses) (x) pursuant to the terms of that certain letter from the Company in
a form substantially similar to that attached to the Trust Agreement as Exhibit A or Exhibit B, as applicable,
or (y) after the date which is the later of (1) 24 months after the closing of the Offering and (2) such later date
as may be approved by the Company’s stockholders in accordance with the Company’s amended and restated certificate of incorporation;

 

WHEREAS, Section 6(d) of the Trust Agreement
provides that Section 1(i) of the Trust Agreement may only be changed, amended or modified with the affirmative vote of at least
sixty-five percent (65%) of the total voting power of the then-outstanding shares of Common Stock and the Class B common stock,
par value $0.0001 per share, of the Company entitled to vote thereon, voting together as a single class;

 

WHEREAS, pursuant to a special meeting of the stockholders
of the Company held on the date hereof, at least sixty-five percent (65%) of the total voting power of the then-outstanding shares
of Common Stock and the Class B common stock, par value $0.0001 per share, of the Company entitled to vote thereon, voting together
as a single class, voted affirmatively to approve this Amendment Agreement;

 

WHEREAS, pursuant to a special meeting of the stockholders
of the Company held on the date hereof, stockholders of the Company have approved a proposal to adopt a certificate of amendment to the
amended and restated certificate of incorporation of the Company (the “Certificate of Amendment”) to amend the
Company’s amended and restated certificate of incorporation; and

 

WHEREAS, each of the Company and the Trustee desires
to amend the Trust Agreement as provided herein.

 

NOW, THEREFORE, in consideration of the mutual agreements
contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending
to be legally bound hereby, the parties hereto agree as follows:

 

		1.	Definitions.   Capitalized terms contained in this Amendment Agreement, but not specifically defined in this Amendment
Agreement, shall have the meanings ascribed to such terms in the Trust Agreement.

 

		2.	Amendment to the Trust Agreement.   Effective as of the execution hereof, Section 1(i) of the Trust Agreement
is hereby amended and restated in its entirety as follows:

 

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“(i)   Commence liquidation of the
Trust Account only after and promptly after (x) receipt of, and only in accordance with, the terms of a letter from the Company
(“Termination Letter”) in a form substantially similar to that attached hereto as
either Exhibit A or Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive
Officer, Chief Financial Officer, President, Executive Vice President, Vice President, Secretary or Chairman of the board of
directors of the Company (the “Board”) or other authorized officer of the Company, and, in the case of a
Termination Letter in a form substantially similar to the attached hereto as Exhibit A, acknowledged and agreed to by the
Representative, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account, including
interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes (less up to
$100,000 of interest that may be released to the Company to pay dissolution expenses), only as directed in the Termination Letter
and the other documents referred to therein, or (y) any date as may be approved by the Company’s stockholders in
accordance with the Company’s amended and restated certificate of incorporation, as amended, if a Termination Letter has not
been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with the
procedures set forth in the Termination Letter attached as Exhibit B and the Property in the Trust Account, including
interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes (less up to
$100,000 of interest that may be released to the Company to pay dissolution expenses) shall be distributed to the Public
Stockholders of record as of such date;” and

 

Effective as of the execution hereof, the body of the letter
attached as Exhibit B of the Trust Agreement is hereby amended and restated in its entirety as follows:

 

“Pursuant to Section 1(i) of the Investment Management
Trust Agreement between Mission Advancement Corp. (the “Company”) and Continental Stock Transfer & Trust
Company (the “Trustee”), dated as of March 1, 2021, as amended (the “Trust Agreement”),
this is to advise you that the Company has been unable to effect a business combination with a Target Business (the “Business
Combination”) within the time frame specified in the Trust Agreement. Capitalized terms used but not defined herein shall
have the meanings set forth in the Trust Agreement.

 

In accordance with the terms of the Trust Agreement, we hereby
authorize you to liquidate all of the assets in the Trust Account and to transfer the total proceeds into a segregated account held by
you on behalf of the Beneficiaries to await distribution to the Public Stockholders. The Company has selected [        
   ], 2022 as the effective date for the purpose of determining when the Public Stockholders will be entitled to receive their
share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to
distribute said funds directly to the Company’s Public Stockholders in accordance with the terms of the Trust Agreement and the
Amended and Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds, net of any payments necessary
for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated,
except to the extent otherwise provided in Section 1(j) of the Trust Agreement.”

 

		3.	No Further Amendment.   The parties hereto agree that except as provided in this Amendment Agreement, the Trust Agreement
shall continue unmodified, in full force and effect and constitute legal and binding obligations of all parties thereto in accordance
with its terms. This Amendment Agreement forms an integral and inseparable part of the Trust Agreement.

 

		4.	References.

 

(a)   All references to the “Trust Agreement”
 ​(including “hereof,” “herein,” “hereunder,” “hereby” and “this Agreement”)
in the Trust Agreement shall refer to the Trust Agreement as amended by this Amendment Agreement. Notwithstanding the foregoing, references
to the date of the Trust Agreement (as amended hereby) and references in the Trust Agreement to “the date hereof,” “the
date of this Trust Agreement” and terms of similar import shall in all instances continue to refer to March 1, 2021.

 

(b)   All references to the “amended
and restated certificate of incorporation” in the Trust Agreement (as amended by this Amendment Agreement) and terms of similar
import shall mean the Certificate of Amendment.

 

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		5.	Governing Law and Jurisdiction.   This Amendment Agreement shall be governed by and construed and enforced in accordance
with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the
substantive laws of another jurisdiction. The parties hereto consent to the jurisdiction and venue of any state or federal court located
in the City of New York, State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO
THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

		6.	Counterparts.   This Amendment Agreement may be executed in several original or facsimile counterparts, each of which
shall constitute an original, and together shall constitute but one instrument.

 

		7.	Other Miscellaneous Terms.   The provisions of Sections 6(f) and 6(j) of the Trust Agreement shall apply mutatis
mutandis to this Amendment Agreement, as if set forth in full herein.

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused
this Amendment Agreement to be duly executed by their duly authorized representatives, all as of the day and year first above written.

 

	 	CONTINENTAL STOCK TRANSFER &
    TRUST COMPANY, as Trustee
	 	 
	 	By:  	 /s/ Francis Wolf
	 	Name: 	Francis Wolf
	 	​Title: 	Vice President
	 	​
	 	 
	 	DHB CAPITAL CORP.
	 	 
	 	By: 	/s/ Alex Binderow
	 	Name: 	Alex Binderow
	 	​Title: 	Chief Executive Officer

 

[Signature Page to Amendment to Investment Management
Trust Agreement]Exhibit
4.5

 

DESCRIPTION
OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12

OF
THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

As
of December 31, 2021, Broad Capital Acquisition Corp. (“we,” “our,” “us” or the “Company”)
had the following three classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”): (i) its units, consisting of one share of common stock (as defined below) and one right (as defined below) (the “units”),
(ii) its common stock, $0.000001 par value per share (“common stock”), and (iii) its public rights, entitling the holder
thereof to receive one-tenth (1/10) of a share of common stock upon consummation of our initial business combination (the “rights”).

 

Pursuant
to our amended and restated certificate of incorporation, our authorized capital stock consists of 100,000,000 shares of common stock,
$0.000001 par value, and 1,000,000 shares of undesignated preferred stock, $0.000001 par value. The following description summarizes
the material terms of our capital stock and does not purport to be complete. It is subject to, and qualified in its entirety by reference
to, our amended and restated certificate of incorporation, our bylaws and our Rights Agreement, each of which is incorporated by reference
as an exhibit to our Annual Report on Form 10-K for the year ended December 31, 2021 (the “Report”) of which this Exhibit
4.5 is a part.

 

Defined
terms used herein but not otherwise defined shall have the meaning ascribed to such terms in the Report.

 

Units

 

Each
unit consists of one share of common stock and one right. Pursuant to the Rights Agreement, the holder of a right is entitled to receive
one-tenth (1/10) of a share of common stock upon consummation of our initial business combination.

 

Common
Stock

 

Common
stockholders of record are entitled to one vote for each share held on all matters to be voted on by stockholders. Holders of the common
stock will vote on all matters submitted to a vote of our stockholders, except as required by law. There is no cumulative voting with
respect to the election of directors, with the result that the holders of more than 50% of the shares voted for the election of directors
can elect all of the directors. Our stockholders are entitled to receive ratable dividends when, as and if declared by the board of directors
out of funds legally available therefor.

 

We
will provide our stockholders with the opportunity to redeem all or a portion of their public shares upon the completion of our initial
business combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account as of
two business days prior to the consummation of our initial business combination including interest earned on the funds held in the trust
account and not previously released to us to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations
described herein. Our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed
to waive their redemption rights with respect to any insider shares and placement shares and any public shares held by them in connection
with the completion of our initial business combination.

 

    	 

     

     

If
we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business
combination pursuant to the tender offer rules, our amended and restated certificate of incorporation will provide that a public stockholder,
together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group”
(as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate
of 15% of the shares of common stock sold in our initial public offering, which we refer to as the Excess Shares. However, we would not
be restricting our stockholders’ ability to vote all of their shares (including Excess Shares) for or against our initial business
combination. Our stockholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete our
initial business combination, and such stockholders could suffer a material loss in their investment if they sell such Excess Shares
on the open market. Additionally, such stockholders will not receive redemption distributions with respect to the Excess Shares if we
complete the initial business combination. And, as a result, such stockholders will continue to hold that number of shares exceeding
15% and, in order to dispose such shares would be required to sell their stock in open market transactions, potentially at a loss.

 

In
the event of a liquidation, dissolution or winding up of the company after an initial business combination, our stockholders are entitled
to share ratably in all assets remaining available for distribution to them after payment of liabilities and after provision is made
for each class of stock, if any, having preference over the common stock. Our stockholders have no preemptive or other subscription rights.
There are no sinking fund provisions applicable to the common stock, except that we will provide our stockholders with the opportunity
to redeem their public shares for cash equal to their pro rata share of the aggregate amount then on deposit in the trust account, upon
the completion of our initial business combination, subject to the limitations described in the Report.

 

Rights

 

Each
holder of a right will receive one-tenth (1/10) of one share of our common stock upon consummation of our initial business combination,
even if the holder of such right redeemed all common stock held by it in connection with the initial business combination. No additional
consideration will be required to be paid by a holder of rights in order to receive its additional shares upon consummation of an initial
business combination, as the consideration related thereto has been included in the unit purchase price paid for by investors in our
initial public offering. If we enter into a definitive agreement for a business combination in which we will not be the surviving entity,
the definitive agreement will provide for the holders of rights to receive the same per share consideration the holders of our common
stock will receive in the transaction, and each holder of a right will be required to affirmatively convert its rights in order to receive
the 1/10 share underlying each right (without paying any additional consideration) upon consummation of the business combination. More
specifically, the right holder will be required to indicate its election to convert the rights into underlying shares as well as to return
the original rights certificates to us.

 

If
we are unable to complete an initial business combination within the required time period and we liquidate the funds held in the trust
account, holders of rights will not receive any such funds with respect to their rights, nor will they receive any distribution from
our assets held outside of the trust account with respect to such rights, and the rights will expire worthless.

 

As
soon as practicable upon the consummation of our initial business combination, we will direct registered holders of the rights to return
their rights to our rights agent. Upon receipt of the rights, the rights agent will issue to the registered holder of such rights the
number of full common stock to which it is entitled. We will notify registered holders of the rights to deliver their rights to the rights
agent promptly upon consummation of such business combination and have been informed by the rights agent that the process of exchanging
their rights for common stock should take no more than a matter of days. The foregoing exchange of rights is solely ministerial in nature
and is not intended to provide us with any means of avoiding our obligation to issue the shares underlying the rights upon consummation
of our initial business combination. Other than confirming that the rights delivered by a registered holder are valid, we will have no
ability to avoid delivery of the shares underlying the rights. Nevertheless, there are no contractual penalties for failure to deliver
securities to the holders of the rights upon consummation of an initial business combination.

 

The
shares issuable upon conversion of the rights will be freely tradable (except to the extent held by affiliates of ours). We will not
issue fractional shares upon conversion of the rights. Fractional shares will be rounded down to the nearest whole share. As a result,
you must hold rights in multiples of 10 in order to receive shares for all of your rights upon closing of a business combination. If
we are unable to complete an initial business combination within the required time period and we liquidate the funds held in the trust
account, holders of rights will not receive any of such funds with respect to their rights, nor will they receive any distribution from
our assets held outside of the trust account with respect to such rights, and the rights will expire worthless. Further, there are no
contractual penalties for failure to deliver securities to the holders of the rights upon consummation of an initial business combination.
Accordingly, the rights may expire worthless.

 

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