Document:

Exhibit 10.1 

 

EXECUTION VERSION 

 

AMENDMENT NO. 1 TO VOTING
AND SUPPORT AGREEMENT

 

 

This
AMENDMENT NO. 1 TO VOTING AND SUPPORT AGREEMENT (this “Amendment”) is entered into as of March 9, 2022,
by and among TH International Limited, a Cayman Islands exempted company (the “Company”), Silver Crest Acquisition
Corporation, a Cayman Islands exempted company (“SPAC”), and Silver Crest Management LLC, Cayman Islands limited liability
company (“Sponsor”). Unless otherwise specifically defined herein, all capitalized terms used but not defined herein
shall have the meanings ascribed to them under the Agreement (as defined below).

 

WHEREAS,
the parties hereto entered into that certain Voting and Support Agreement, dated as of August 13, 2021 (as may be amended and modified
from time to time, including by this Amendment, the “Agreement”) in connection with that certain Agreement and Plan
of Merger, dated as of August 13, 2021 (as may be amended and modified from time to time, including by its Amendment No. 1,
dated as of January 30, 2022, and Amendment No. 2, dated as of the date hereof, the “Merger Agreement”))
entered into by and among the Company, Miami Swan Ltd, a Cayman Islands exempted company and wholly-owned subsidiary of the Company (“Merger
Sub”), and SPAC, pursuant to which, among other things, (i) Merger Sub will be merged with and into SPAC (the “First
Merger”), with SPAC surviving the First Merger as a wholly owned subsidiary of the Company, and (ii) SPAC will be merged
with and into the Company (the “Second Merger” and together with the First Merger, the “Mergers”),
with the Company surviving the Second Merger;

 

WHEREAS,
Section 5.3 of the Agreement provides that the provisions of Article XI (other than Section 11.06) of the Merger Agreement
are incorporated therein by reference, mutatis mutandis, as if set forth in full therein, and pursuant to Section 11.09 of
the Merger Agreement, the Merger Agreement may be amended or modified in whole or in part, only by an agreement in writing executed by
each of the Parties to the Merger Agreement in the same manner as the Merger Agreement and which makes reference to the Merger Agreement;

 

WHEREAS,
by analogy to Section 11.06 of the Merger Agreement, the Agreement may be amended or modified in whole or in part, only by an agreement
in writing executed by each of the Company, SPAC and Sponsor in the same manner as the Agreement and which makes reference to the Agreement;
and

 

WHEREAS,
the parties hereto, consisting of the Company, SPAC and Sponsor, expressly making reference to the Agreement, now desire to amend the
Agreement as set forth below.

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be
legally bound hereby, the parties hereto agree as follows:

 

1.            Amendment
to the Agreement.

 

1.1            Amendment
to Article IV. Article IV of the Agreement is hereby amended and supplemented by adding the following Section 4.13:

 

“4.13     Contribution
by Sponsor. Immediately prior to, and contingent upon, the First Effective Time, Sponsor hereby agrees to contribute to the capital
of SPAC for no consideration (i) 4,312,500 SPAC Shares and (ii) 4,450,000 SPAC Private Placement Warrants, each beneficially
owned by Sponsor as of the date hereof (the “Contribution”). For U.S. federal and applicable state and local income
tax purposes, each of Sponsor and SPAC intends for the Contribution to be treated as a contribution to the capital of SPAC within the
meaning of Section 118 of the Internal Revenue Code of 1986, as amended.”

 

    

     

    

 

2.            Miscellaneous

 

2.1            No
Further Amendment. The parties hereto agree that all other provisions of the Agreement shall, subject to the amendments set forth
in Section 1 of this Amendment, continue unmodified, in full force and effect and constitute legal and binding obligations of the
parties in accordance with their terms. This Amendment is limited precisely as written and shall not be deemed to be an amendment to any
other term or condition of the Agreement or any of the documents referred to therein. This Amendment forms an integral and inseparable
part of the Agreement.

 

2.2            Representations
and Warranties.

 

Each party hereto hereby represents and warrants
to each other party that:

 

(a)            It
has all necessary corporate power and authority to execute and deliver this Amendment and to perform its obligations hereunder. The execution
and delivery of this Amendment by it have been duly and validly authorized by all necessary corporate action, and no other corporate proceedings
on its part are necessary to authorize the execution and delivery of this Amendment.

 

(b)            This
Amendment has been duly and validly executed and delivered by it and, assuming due authorization, execution and delivery by each other
party, constitutes a legal, valid and binding obligation of such party, enforceable against it in accordance with its terms, subject to
the Enforceability Exceptions.

 

2.3            Acknowledgment.
The parties hereto acknowledge and agree that Sponsor has no obligation to donate or transfer SPAC Warrants to a charitable foundation,
and any obligation that existed prior to the date hereof is irrevocably waived.

 

2.4            References.
Each reference to “this Agreement,” “hereof,” “herein,” “hereunder,” “hereby”
and each other similar reference contained in the Agreement shall, effective from the date of this Amendment, refer to the Agreement as
amended by this Amendment. Notwithstanding the foregoing, references to the date of the Agreement and references in the Agreement, as
amended hereby, to “the date hereof,” “the date of this Agreement” and other similar references shall in all instances
continue to refer to August 13, 2021 and references to the date of this Amendment and “as of the date of this Amendment”
shall refer to March 9, 2022.

 

2.5            Effect
of Amendment. This Amendment shall form a part of the Agreement for all purposes, and each party thereto and hereto shall be bound
hereby. From and after the execution of this Amendment by the parties hereto, any reference to the Agreement shall be deemed a reference
to the Agreement as amended hereby. This Amendment shall be deemed to be in full force and effect from and after the execution of this
Amendment by the parties hereto.

 

    2

     

    

 

2.6            Other
Miscellaneous Terms. The provisions of Article V (General Provision) of the Agreement shall apply mutatis mutandis
to this Amendment, and to the Agreement as amended by this Amendment, taken together as a single agreement, reflecting the terms therein
as amended by this Amendment.

 

[Signature pages follow]

 

    3

     

    

 

IN WITNESS WHEREOF, each party has duly executed
and delivered this Amendment as a deed, all as of the date first written above.

 

		EXECUTED AND DELIVERED AS A DEED BY:
	 	 
	 	TH International
Limited

 

		Signature:	/s/ Paul Hong

 

		Name:	Paul Hong

 

	 	Title:	Director

 

[Signature Page to Amendment No. 1 to
Sponsor Voting and Support Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, each party has duly executed
and delivered this Amendment as a deed, all as of the date first written above.

 

	 	EXECUTED AND DELIVERED AS A DEED BY:
	 	 
	 	SILVER CREST ACQUISITION CORPORATION

 

		Signature:	/s/ Liang Meng

 

	 	Name: Liang Meng
	 	 
	 	Title: Director

 

[Signature Page to Amendment No. 1 to
Sponsor Voting and Support Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, each party has duly executed
and delivered this Amendment as a deed, all as of the date first written above.

 

	 	EXECUTED AND DELIVERED AS A DEED BY:
	 	 
	 	Silver Crest
Management LLC

 

		Signature:	/s/ Liang Meng

 

	 	Name: Liang Meng
	 	 
	 	Title: Director

 

[Signature Page to Amendment No. 1 to
Sponsor Voting and Support Agreement]EX-4.4

  Exhibit 4.4

  DESCRIPTION OF SECURITIES REGISTERED UNDER SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED 

  The following description of the securities of TScan Therapeutics, Inc. (“us,” “our,” “we” or the “Company”) registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is intended as a summary of the material terms of our amended and restated certificate of incorporation and amended and restated bylaws and therefore is not a complete description. This description is based upon, and is qualified by reference to, our amended and restated certificate of incorporation, our amended and restated bylaws, and applicable provisions of the Delaware General Corporation Law. You should read our amended and restated certificate of incorporation and amended and restated bylaws, which are filed as Exhibit 3.1 and Exhibit 3.2, respectively, to the Annual Report on Form 10-K of which this Exhibit 4.4 is a part, for the provisions that are important to you.

  Our authorized capital stock consists of 320,000,000 shares, all with a par value of $0.0001 per share, of which: 

  				
	 
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	300,000,000 shares are designated common stock; 

   

  				
	 
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	10,000,000 shares are designated non-voting common stock; and 

   

  				
	 
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	10,000,000 shares are designated preferred stock. 

  Common Stock and Non-Voting Common Stock 

  The holders of our common stock and non-voting common stock have identical rights, provided that, (i) except as otherwise expressly provided in our amended and restated certificate of incorporation or as required by applicable law, on any matter that is submitted to a vote by our stockholders, holders of our common stock are entitled to one vote per share of common stock, and holders of our non-voting common stock are not entitled to any votes per share of non-voting common stock, including for the election of directors, and (ii) holders of our common stock have no conversion rights, while holders of our non-voting common stock shall have the right to convert each share of our non-voting common stock into one share of common stock at such holder’s election, provided that as a result of such conversion, such holder, together with its affiliates and any members of a Schedule 13(d) group with such holder, would not beneficially own in excess of 4.99% of our common stock immediately prior to and following such conversion, unless otherwise as expressly provided for in our amended and restated certificate of incorporation. However, this ownership limitation may be increased or decreased to any other percentage designated by such holder of non-voting common stock upon 61 days’ notice to us. 

  Dividend Rights 

  Subject to preferences that may apply to shares of preferred stock outstanding at the time, the holders of outstanding shares of our common stock and non-voting common stock are entitled to receive dividends out of funds legally available if our board of directors, in its discretion, determines to issue dividends and only then at the times and in the amounts that our board of directors may determine.

   

   

  Voting Rights 

  The holders of our common stock are entitled to one vote per share. Stockholders do not have the ability to cumulate votes for the election of directors. Our amended and restated certificate of incorporation and amended and restated bylaws provide for a classified board of directors consisting of three classes of approximately equal size, each serving staggered three-year terms. Only one class of directors will be elected at each annual meeting of our stockholders, with the other classes continuing for the remainder of their respective three-year terms. 

  No Preemptive or Similar Rights 

  Our common stock and non-voting common stock are not entitled to preemptive rights and are not subject to conversion, redemption or sinking fund provisions. 

   

  

   

  Right to Receive Liquidation Distributions 

  Upon our dissolution, liquidation or winding-up, the assets legally available for distribution to our stockholders are distributable ratably among the holders of our common stock and non-voting common stock, subject to prior satisfaction of all outstanding debt and liabilities and the preferential rights and payment of liquidation preferences, if any, on any outstanding shares of preferred stock. 

  Preferred Stock 

  No shares of preferred stock are outstanding, but we are authorized, subject to limitations prescribed by Delaware law, to issue preferred stock in one or more series, to establish from time to time the number of shares to be included in each series and to fix the designation, powers, preferences and rights of the shares of each series and any associated qualifications, limitations or restrictions. Our board of directors also can increase or decrease the number of shares of any series, but not below the number of shares of that series then outstanding, without any further vote or action by our stockholders. Our board of directors may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of the common stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring or preventing a change in control of our Company and may adversely affect the market price of our common stock and the voting and other rights of the holders of common stock. We have no current plan to issue any shares of preferred stock. 

  Registration Rights 

   

  Pursuant to the terms of our amended and restated investors’ rights agreement, dated January 15, 2021, with certain of our stockholders, certain of our stockholders are entitled to rights with respect to the registration of their shares (which we refer to herein as “registrable securities”) under the Securities Act of 1933, as amended (the “Securities Act”), including demand registration rights, piggyback registration rights, and short-form registration rights.. 

   

  We will pay all expenses relating to any registration described above, other than underwriting discounts and commissions. The registration rights terminate upon the earliest to occur of: (i) July 15, 2024; (ii) a liquidation event; or (iii) with respect to the registration rights of an individual holder, such time as Rule 144 or another similar exemption under the Securities Act is available for the sale of all of such holder’s shares without limitation during a three-month period. 

  Anti-Takeover Provisions 

  Delaware Law 

  We are governed by the provisions of Section 203 of the Delaware General Corporation Law regulating corporate takeovers. This section prevents some Delaware corporations from engaging, under some circumstances, in a business combination, which includes a merger or sale of at least 10% of the corporation’s assets with any interested stockholder, meaning a stockholder who, together with affiliates and associates, owns or, within three years prior to the determination of interested stockholder status, did own 15% or more of the corporation’s outstanding voting stock, unless: 

  			
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	the transaction is approved by the board of directors prior to the time that the interested stockholder became an interested stockholder; 

   

  			
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	upon closing of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction began, excluding for purposes of determining the voting stock outstanding those shares owned (i) by persons who are directors and also officers and (ii) employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or 

   

   

  ACTIVE/115737247.5 

   

  

   

  			
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	subsequent to such time that the stockholder became an interested stockholder the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders by at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder. 

  A Delaware corporation may “opt out” of these provisions with an express provision in its original certificate of incorporation or an express provision in its certificate of incorporation or bylaws resulting from a stockholders’ amendment approved by at least a majority of the outstanding voting shares. We have not opted out of these provisions. As a result, mergers or other takeover or change in control attempts of us may be discouraged or prevented. 

  Certificate of Incorporation and Bylaw Provisions 

  Our amended and restated certificate of incorporation and our amended and restated bylaws include a number of provisions that may have the effect of deterring hostile takeovers or delaying or preventing changes in control of our management team, including the following: 

  				
	 
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	Board of Directors Vacancies. Our amended and restated certificate of incorporation and amended and restated bylaws authorize our board of directors to fill vacant directorships, including newly-created seats. In addition, the number of directors constituting our board of directors will be set only by resolution adopted by a majority vote of our entire board of directors. These provisions would prevent a stockholder from increasing the size of our board of directors and gaining control of our board of directors by filling the resulting vacancies with its own nominees. 

   

  				
	 
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	Classified Board. Our amended and restated certificate of incorporation and amended and restated bylaws provide that our board of directors are classified into three classes of directors, each of which will hold office for a three-year term. In addition, directors may only be removed from the board of directors for cause and only by the approval of 66 2/3% of our then-outstanding shares of our common stock. A third party may be discouraged from making a tender offer or otherwise attempting to obtain control of us as it is more difficult and time consuming for stockholders to replace a majority of the directors on a classified board of directors. 

   

  				
	 
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	Stockholder Action; Special Meeting of Stockholders. Our amended and restated certificate of incorporation provides that stockholders will not be able to take action by written consent, and will only be able to take action at annual or special meetings of our stockholders. Stockholders will not be permitted to cumulate their votes for the election of directors. Our amended and restated bylaws further provides that special meetings of our stockholders may be called only by a majority vote of our entire board of directors, the chairman of our board of directors or our chief executive officer. 

   

  				
	 
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	Advance Notice Requirements for Stockholder Proposals and Director Nominations. Our amended and restated bylaws provides advance notice procedures for stockholders seeking to bring business before our annual meeting of stockholders, or to nominate candidates for election as directors at any meeting of stockholders. Our amended and restated bylaws also specifies certain requirements regarding the form and content of a stockholder’s notice. These provisions may preclude our stockholders from bringing matters before our annual meeting of stockholders or from making nominations for directors at our meetings of stockholders. 

   

  				
	 
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	Issuance of Undesignated Preferred Stock. Our board of directors have the authority, without further action by the holders of common stock, to issue up to 10,000,000 shares of undesignated preferred stock with rights and preferences, including voting rights, designated from time to time by the board of directors. The existence of authorized but unissued shares of preferred stock will enable our board of directors to render more difficult or discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest or otherwise.  

   

  Choice of Forum 

   

  ACTIVE/115737247.5 

   

  

   

  Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware is the exclusive forum for any derivative action or proceeding brought on our behalf, any action asserting a breach of fiduciary duty, any action asserting a claim against us arising pursuant to the Delaware General Corporation Law, our amended and restated certificate of incorporation or our amended and restated bylaws or any action asserting a claim against us that is governed by the internal affairs doctrine. This provision would not apply to claims brought to enforce a duty or liability created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction. Our amended and restated certificate of incorporation provides further that the federal district courts of the United States will be the exclusive forum for resolving any complaint asserting a cause of action arising under the Securities Act. These choices of forum provisions may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with us or our directors, officers or other employees and may discourage these types of lawsuits. Furthermore, the enforceability of similar choice of forum provisions in other companies’ certificates of incorporation has been challenged in legal proceedings, and it is possible that a court could find these types of provisions to be inapplicable or unenforceable. While the Delaware courts have determined that such choice of forum provisions are facially valid, a stockholder may nevertheless seek to bring a claim in a venue other than those designated in the exclusive-forum provisions, and there can be no assurance that such provisions will be enforced by a court in those other jurisdictions. If a court were to find the exclusive-forum provision contained in our amended and restated certificate of incorporation to be inapplicable or unenforceable in an action, we may incur additional costs associated with resolving such action in other jurisdictions, which could harm our business. 

  Transfer Agent and Registrar 

  The transfer agent and registrar for our common stock is Computershare Inc. The transfer agent’s address is 150 Royall Street, Canton, Massachusetts 02021, and its telephone number is (800) 942-5909. 

  Listing 

  Our common stock is listed on The Nasdaq Global Market under the symbol “TCRX.” 

   

   

   

  ACTIVE/115737247.5

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