Document:

EX-10.12

 Execution Version 

 

					
	

	 	                                      
                                         
                         	  	Exhibit 10.12
			
	 NewAmsterdam Pharma Holding B.V.
 Gooimeer 2-35
 1411 DC Naarden
 The
Netherlands
	 		  	Naarden, 20 July 2022
		 		  	 BY ELECTRONIC TRANSMISSION
 Mitsubishi
Tanabe Pharma Corporation

 Re: Agreement Notice 
 To
Whom it May Concern: 
 Reference is made to the profit right and waiver agreement among Mitsubishi Tanabe Pharma Corporation (“MTPC” or
“you”), NewAmsterdam Pharma Holding B.V. (formerly NewAmsterdam Pharma B.V.) (“NAP” or “us”) and Dezima Pharma B.V. (the “Company”) dated 9 April 2020 regarding the waiver by
MTPC of certain then-existing rights in connection with the acquisition of all shares in the share capital of the Company by Saga Investments Coöperatief U.A. (the “Agreement”). Unless stated otherwise herein, capitalized terms
used in this letter agreement shall have the same meaning as ascribed thereto in the Agreement. 
 NAP hereby communicates to you in writing its intention
to pursue a business combination with a special purpose acquisition company (the “Business Combination”) which constitutes an Exit Event involving the payment of Proceeds, thereby triggering the MTPC Waiver Profit Right in
accordance with Clause 3.2 of the Agreement and the MTPC IP Profit Right in accordance with Clause 3.5 of the Agreement (together, the “MTPC Profit Rights”). For the avoidance of doubt, and solely for the purpose of this letter,
MTPC acknowledges and agrees that the Business Combination does not trigger the MTPC Waiver IPO Share Right in accordance with Clause 3.3 of the Agreement, the MTPC IP IPO Share Right in accordance with Clause 3.6 of the Agreement nor MTPC’s
right to match in accordance with Clause 3.7 of the Agreement. 
 Satisfaction of MTPC Profit Rights 

In connection with, and immediately prior to, the consummation of the Business Combination, NAP intends to consummate a share exchange, pursuant to which each
shareholder of NAP will contribute and transfer each share of NAP held by it to New Amsterdam Pharma Company B.V. (“Holdco”) in exchange for shares of Holdco (the “Share Exchange”) on the basis of an exchange rate
derived from an aggregate valuation of $491,000,000 for all shares of NAP on a fully diluted basis (the “Exchange Rate”). In addition, each such shareholder will be entitled to receive its pro rata share of 1,886,137 additional
shares of Holdco (each valued today at $10), if and when NAP achieves a certain future development milestone (the “Earnout Shares”). 

 By countersigning this letter, MTPC hereby irrevocably and unconditionally acknowledges and agrees that the
payment to MTPC of the Waiver Profit Right Payment and the IP Profit Right Payment (together, the “Profit Right Payments”) upon consummation of the Business Combination in accordance with Clauses 3.2.1 and 3.5.1, respectively, of
the Agreement, which shall be paid in the form of shares of Holdco, or any successor thereto or to NAP surviving the Business Combination (and references to Holdco in this letter shall be deemed to include a reference to any such successor), shall
be deemed in full satisfaction of all of MTPC’s rights and NAP’s obligations under Clause 3 of the Agreement, which rights and obligations shall thereafter be extinguished automatically with no further action by MTPC or NAP, on the
condition that the Share Exchange is actually performed and any and all portions of the Profit Right Payments (other than the Earnout Shares, which shall be issued only following the achievement by NAP of certain future development milestones) are
fully made to MTPC by Holdco as provided in the Clause 3 of the Agreement and as provided in this letter agreement. NAP hereby assigns its obligations under Clauses 3.2 and 3.5 of the Agreement to Holdco, Holdco hereby accepts such assignment, and
MTPC further hereby irrevocably and unconditionally acknowledges and agrees to such assignment; provided, however, that if the Share Exchange is not actually performed with any reason or without reason, accordingly and automatically, Holdco
shall reassign its obligations under Clauses 3.2 and 3.5 of the Agreement to NAP, NAP shall hereby accept such assignment, and MTPC shall further irrevocably and unconditionally acknowledge and agree to such assignment. 

The Profit Right Payments shall be made in the form of Holdco shares, as follows (for the avoidance of doubt, references below to shares on a “fully
diluted basis” assume the exercise of all NAP options outstanding immediately prior to the Share Exchange and are made after giving effect to the issuance of Holdco shares to MTPC described in such respective clause and the corresponding
issuance of Holdco shares to Saga Investments Coöperatief U.A. (“Amgen”) in satisfaction of the Profit Right, as such term is defined in the share sale and purchase agreement among Amgen, NAP and the Company, dated 9 April
2020): 
 (a) shortly after the Share Exchange, a number of Holdco shares, in the aggregate, equal to (i) 7.63% of the number of shares of
NAP outstanding immediately prior to the consummation of the Share Exchange on a fully diluted basis, multiplied by (ii) the Exchange Rate and then (iii) rounded to the nearest whole number where an entitlement to five-tenths (0.5)
of a Holdco share shall be rounded up; and 
 (b) if and when the relevant development milestone is achieved, as soon as practicable
thereafter, a number of Holdco shares, in the aggregate, equal to (i) 7.63% of the number of Earnout Shares on a fully diluted basis and then (ii) rounded to the nearest whole number where an entitlement to five-tenths (0.5) of a Holdco share
shall be rounded up. 
 Registration Rights and Lock-up 

MTPC further acknowledges and agrees that the shares of Holdco to be issued to MTPC may constitute restricted securities under United States securities laws.
Holdco shall grant MTPC customary resale registration rights with respect to such shares on terms substantially similar to those given to other NAP shareholders and Amgen in connection with the Business Combination. In consideration of such
registration rights, MTPC hereby agrees to execute a customary lock-up agreement restricting the transfer of those shares, on terms substantially similar to those entered into by other NAP shareholders and
Amgen in connection with the Business Combination. 
 Choice of law and disputes 

Clauses 7.13 and 7.14 of the Agreement apply mutatis mutandis to this letter. 

Confidential Legal 

							
	Yours sincerely,	 		  		  	
				
	NewAmsterdam Pharma Holding B.V.	 		  	NewAmsterdam Pharma Holding B.V.	  	
				
	 /s/ M.H. Davidson
	 		  	 /s/ Johannes Kastelein
	  	
	M.H. Davidson	 		  	Wester Investments B.V.	  	
	Director	 		  	represented by Johannes Kastelein	  	
		 		  	Director	  	

 New Amsterdam Pharma Company B.V. 
  

	
	 /s/ Louise Kooij

	 LouFré Management B.V.
 represented by
LouFré Holding B.V.
 represented by Louise Kooij

	Director

 For approval and confirmation of the above: 
  

	
	 /s/ Atsushi Hashimoto

	Atsushi Hashimoto
	Vice President, Head of Business Development Department
	Pharma Business Strategy Division
	Mitsubishi Tanabe Pharma CorporationExhibit 10.1

 

 

REAL ESTATE SALES CONTRACT

 

THIS AGREEMENT made this 8th day of
September 2022 by and between ________________ (hereinafter referred to as “Seller”), and Nocera, Inc. (hereinafter
referred to as “Purchaser”).

 

l. PURCHASE AND SALE: Seller hereby agrees
to sell to Purchaser and Purchaser hereby agrees to purchase from Seller the real estate consisting of 229 acres +/- located in
Montgomery County, Alabama. NOTE: This property is being sold as a whole and not on a per acre basis. Therefore no adjustment will be
made to the purchase price (either up or down) if the survey shows more or less than 229 acres.

 

Parcel #’s: 15 03 06 1 007 001.000 (74 acres),
15 03 06 4 000 001.000 (147 acres), 15 03 06 3 000 001.001 (8 acres). Please see Exhibit A.

 

2. PURCHASE PRICE: The Purchase price for
the property shall be Eight Hundred Seventy-Five Dollars ($875,000). Purchase Price is payable as follows:

 

A. The sum of Ten Thousand Dollars
($10,000.00) as earnest money (“Earnest Money”) will be deposited in escrow with GREAT SOUTHERN LAND, LLC within Three
(3) business days of acceptance of this contract to guarantee the faithful performance by Purchaser hereunder and to be applied to the
purchase price at closing.

 

B. The balance of the purchase price
of Eight Hundred Sixty-Five Dollars ($865,000), plus or minus prorations, is to be paid at closing.

 

3. CLOSING: The closing shall occur on
or before October 31, 2022, or as otherwise mutually agreed upon in writing by the parties herein. Concurrently with closing, Purchaser
shall pay the balance of the purchase price then due Seller. Upon full payment of the purchase price by Purchaser, Seller shall deliver
to Purchaser the Deed as provided herein.

 

4. REPRESENTATION:

 

(a)       Any
documents, cruises, compilations, timber inventories, surveys, plans, plats, aerial photographs, maps of any type, specifications, reports
and studies made available to PURCHASER by SELLER OR GREAT SOUTHERN LAND are provided as information only. SELLER AND GREAT SOUTHERN LAND
have not made, does not make, and has not authorized anyone else to make any representation as t (i) the existence or nonexistence of
access to or from the Real Property or any portion thereof; (ii) the number of acres in the Real Property; (iii) the volume, condition
or quality of timber on the Real Property; (iv) logging conditions or feasibility; (v) the volume, condition or quality of minerals on
the Real Property; (vi) the availability of railroad, water, sewer, electrical, gas or other utility services; (vii) the amount of water
frontage or road frontage, (viii) the environmental conditions or requirements of the Real Property; (ix) the suitability of the Real
Property for any purpose; (x) the current or projected income or expenses of the Real Property; or, (xi) any other matters related to
the Real Property. SELLER AND GREAT SOUTHERN LAND HEREBY EXPRESSLY DISCLAIM AND NEGATES ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND,
WHETHER EXPRESS OR IMPLIED, RELATING TO THE CONDITION, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE REAL PROPERTY, INCLUDING
WITHOUT LIMITATION ANY WARRANTY RELATING TO THE CONDITION OF THE REAL PROPERTY, ITS SUITABILITY FOR PURCHASER’S PURPOSES OR THE
STATUS OF THE PROPERTY’S MAINTENANCE OR OPERATION. SELLER AND GREAT SOUTHERN LAND DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES
THAT THE REAL PROPERTY MAY BE USED FOR ANY PURPOSE WHATSOEVER.

 

 

 

 

 

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(b)      PURCHASER
expressly acknowledges that: (i) SELLER OR GREAT SOUTHERN LAND has not made any representations or warranties whatsoever concerning the
Real Property or any matters pertaining to the Real Property; and (ii) in entering into this Contract, PURCHASER is not relying on any
such representations or warranties.

 

(c)      PURCHASER has
examined and inspected or shall fully examine and inspect the Real Property and become thoroughly familiar with the title, condition,
status and suitability of the Real Property. Unless PURCHASER terminates this Contract by reason of any right to do so under this Contract,
PURCHASER is willing to and PURCHASER shall purchase the Real Property and SELLER shall sell the Real Property “AS IS, WHERE
IS, with all faults” at the Closing.

 

 

5. CONVEYANCE: At Closing, Seller shall
convey to Purchaser by Statutory Warranty Deed fee simple title to the real estate, subject only to the following:

A.      Ad
valorem taxes for the current year and subsequent years

B.       Any
Easements and Rights-of-Way for roads, railroads, telephone, power, or gas lines, or any public utilities, as recorded

C.       Any
prior recorded lease, reservation, or conveyance of minerals (all mineral rights owned are being transferred)

 

These exceptions are hereinafter referred to as
“Permitted Exceptions”. All recording references are to the records of the Office of the Judge of Probate, Montgomery County,
Alabama.

 

In the event the abstract, title opinion or title binder fails to show
a good and merchantable fee simple title, the SELLER, after receiving a written notice of defects from the PURCHASER, will have up to
30 days to cure such defect. If the SELLER is unable to cure the defect within 30 days then the PURCHASER is entitled to a full refund
of the earnest money OR PURCHASER can waive such defect and elect to proceed with the purchase of the property.

 

6. POSSESSION: Possession of the real estate
shall be delivered to Purchaser at Closing.

 

 

7. PRORATIONS: Current year ad valorem
taxes shall be prorated as of the date of Closing, and Purchaser shall assume and agree to pay all ad valorem taxes which shall become
due and owing upon said Property after Closing. Seller will credit Purchaser for Seller’s portion of the taxes at Closing.

 

8. CLOSING COSTS: Purchaser agrees to pay
for any costs associated with financing, title insurance, and recording costs. Seller agrees to pay deed preparation, title search, and
survey. The closing attorney fees will be split 50-50 between Purchaser and Seller. Bart Crum with Crum-Ellis to be the closing attorney.

 

9. REMEDIES: In the event this Agreement
is terminated due to Purchaser's default, then Earnest Money as shown herein shall be forfeited as liquidated damages and said earnest
money so forfeited shall be divided equally between the Seller and Broker or the Seller may proceed for specific performance. If the Agreement
is terminated due to Seller’s default Purchaser may proceed for specific performance.

 

10. ASSIGNMENT: Purchaser shall have the
right to assign its rights under this Agreement. Upon any such assignment, Purchaser shall remain liable hereunder with his assignee.

 

11. CONDITION OF PROPERTY: Purchaser understands that the Premises
are being sold “as is” and in their present condition without warranty or representation of any kind, express or implied,
by Seller or any agent or Broker of Seller, and Purchaser acknowledges that Seller has not agreed to perform any work on or about the
Premises. Purchaser assumes all risks with respect to the physical condition of the Premises and the income and expenses attributable
thereto. Seller has no knowledge of any environmental problems with the property. Seller agrees not to remove any timber, gates or other
appurtenances from property.

 

12. FINANCING CONTINGENCY: This sale is contingent on the Purchaser
obtaining financing. In the event that the Purchaser cannot get financing the Earnest Money will be refunded to the Purchaser and this
contract will be considered void.

 

 

 

 

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13. ADDITIONAL CONDITIONS: 

 

A. Entire Agreement: This Agreement
contains the entire agreement of Purchaser and Seller, and:

i. Shall not be altered, modified or changed
except by an instrument in writing, executed by or on behalf of Purchaser and Seller;

 

ii. Supersedes any and all previous agreements,
negotiations, representations and undertakings between Purchaser and Seller with respect to Property. There are no other warranties, either
express or implied, other than those expressly set forth in this Agreement.

 

B.  Facsimile
or Counterpart Signatures: This contract may be signed and/or delivered by either party or all parties by facsimile or email and
shall be binding upon the party so executing it upon receipt by the other party of the fully executed contract.

 

 

C. Governing Law: This Agreement
has been prepared in accordance with, and shall be governed pursuant to, the Laws of the State of Alabama. Wherever possible, each provision
of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law; provided, however, that if
any provision hereof shall be prohibited, such provision shall be ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this Agreement.

 

D. Benefit: Upon the execution
of this Agreement by or on behalf of Purchaser and Seller, the provisions hereof shall be binding on Purchaser and Seller, their respective
successors, assigns, grantees and legal representative, if any.

 

E. Commission: Seller agrees
to pay GREAT SOUTHERN LAND, LLC a brokerage commission of 4%. The commission shall be deemed to be earned, and due from Seller, only upon
closing of the sale and purchase as provided for herein. Purchaser represents that he has dealt with no party other than GREAT SOUTHERN
LAND, LLC and that to Purchaser's knowledge no other party claims a commission on this property.

 

F. Equipment: Tractor, cutter, broadcaster,
taylor disc harrow are all a part of this sale.

 

G. Furnishings: Seller to remove personal
items within 10 days after closing. All other

items/furnishings will convey with the sale of
this property.

 

14. AGENCY DISCLOSURE, 34-27-8 (c): The listing agency, GREAT
SOUTHERN LAND, LLC is an Agent of: (two boxes may be checked)

 

		    X     Seller	                   ______Both parties as a limited consensual dual agent
		_____Purchaser	________Assisting the buyer/seller as a transaction broker

 

The selling agency, GREAT SOUTHERN LAND, LLC is
an Agent of: (two boxes may be checked)

 

		____Seller	                   ______Both parties as a limited consensual dual agent
		____Purchaser	        X        Assisting the buyer as a transaction broker

 

	 	Seller’s Initials____________	 Purchaser’s Initials: __________

 

IN WITNESS WHEREOF, the parties hereto
have executed this Agreement on the date above written.

 

PURCHASER: 

 

NOCERA, INC. 

 

By: /s/ Yin-Chieh Cheng

Name: Yin-Chieh Cheng

Title: CEO

 

SELLER(S):

 

________________________________________ 

 

_________________________________________

 

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    Exhibit A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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