Document:

EX-10.2

 Exhibit 10.2 

E.MERGE TECHNOLOGY ACQUISITION CORP. 

June 27, 2022 
 Morgan Hermand 

Dear Morgan: 
 I am pleased to offer you the opportunity to
serve as a member of the Board of Directors (the “Board”) of E.Merge Technology Acquisition Corp. (the “Company”). For the avoidance of doubt, you will serve on the Board of a publicly-listed Delaware
corporation. 
 As a member of the Board (in such capacity, a “Director”), you will have customary responsibilities, duties and
authority associated with such position, including attendance and participation in meetings of the Board in person or by phone or other electronic means in accordance with the policies of the Board as in effect from time to time, and availability
for consultation with officers and/or other Directors of the Company and its subsidiaries as necessary. You may also be asked from time to time to serve on a committee of the Board and such service, if accepted by you, shall be considered to fall
within the customary responsibilities, duties and authority associated with your position as a Director. 
 During your tenure as a Director, you shall at
all times and for all purposes be acting as an independent contractor and not as an employee of the Company. Accordingly, you shall not be eligible to participate in employee benefit plans provided by the Company or its subsidiaries to employees and
the Company shall not, on your account, (i) pay any unemployment tax or other taxes required under the law to be paid with respect to employees or (ii) withhold any monies from any compensation paid to you for income or employment tax
purposes. You shall be and remain solely liable for all taxes imposed on compensation paid to you in respect of your service as a Director and you agree to pay all such taxes when due. 

The Company’s Board is responsible for overseeing the general management of the Company’s business for the benefit of the company and its
stockholders. As has been discussed with you, the Company is a blank check company formed for the purpose of effective a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or
more businesses (such a transaction, the “Initial Business Combination”). While you, as a director, will not be making day-to-day operational
decisions – that is management’s job – it is your role to provide direction and oversight of the Company’s strategy (including the consummation of the Initial Business Combination) and business and, by extension, oversee
management. Under the Delaware General Corporation Law (the “DGCL”) and related case law, you owe fiduciary duties to the Company and its stockholders, including the duty of care, the duty of loyalty and the duty of
disclosure. 

  
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 The duty of care is one of the most fundamental aspects of being a corporate director. As a member of our
Board, you are required to act in good faith, with the care an ordinarily reasonable person would use in the circumstances, and in the best interest of the Company and its stockholders. You have a duty to make deliberate, informed decisions by
assuming an active role throughout the entire decision-making process. In carrying out your duty of care, you are expected to educate yourself on the Company’s business, thoroughly review Board and committee materials, actively participate in
discussions at Board and/or committee meetings, ask questions of management, contribute to the Board’s record-keeping processes and obtain the advice of financial and legal advisors and other experts where necessary. 

The duty of loyalty requires you wear your “director hat” and act in the best interests of the Company and its stockholders at all times. This
includes not taking opportunities that arise for yourself before offering them to the Company, and not divulging or using the Company’s confidential information for your own personal gain. You are prohibited from receiving improper personal
benefits while serving as a member of our Board, and must avoid situations that would create a conflict of interest or the appearance of a conflict of interest. 

In fulfilling your duties of care and loyalty, you are required to disclose all material information to your fellow directors, including facts that could
raise a question about your independence in considering a matter and, when stockholder action is sought, to the Company’s stockholders. You are prohibited from misleading stockholders and fellow directors. 

As noted above, as a Director, you must refrain from engaging in any activity that creates a conflict of interest or the appearance of a conflict of interest.
A conflict of interest occurs when your personal interest interferes with the interests of the Company, and can arise in a variety of situations. If you suspect you have a situation that could give rise to a conflict of interest, or something that
others could reasonably perceive as a conflict of interest, you must report it in writing to Chairman of the Board. 
 In some cases, due to a relationship
you have with another person or entity, a transaction that the Company desires to pursue involving that other person or entity may constitute a “related person transaction” under the rules of the Securities and Exchange Commission, or SEC.
A related person transaction is generally defined as a transaction, arrangement or relationship, or a series of transactions, arrangements or relationships, since the beginning of the Company’s last completed fiscal year or currently proposed,
in which the Company is a participant, the amount involved exceeds $120,000 and in which any “related person” (which includes a director and any member of a director’s immediate family) has a direct or indirect material interest. 

In connection with your service as a Director, you could potentially be subject to liability for any breach of your fiduciary duties under Delaware law. In
addition, because you will be responsible for signing the Company’s Annual Report on Form 10-K and registration statements, you may also be subject to liability under certain securities laws if the
Company’s disclosure is determined to contain material misstatements or omit material information. 

  
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 In consideration for your service as a Director, you will be eligible to receive the Company’s standard
compensation package for non-employee Directors. We expect the compensation package will be as follows: (i) you will receive an award of 12,500 shares of Class A common stock of the Company (or of
any other security issued upon the conversion, exchange, reclassification, split, reconstitution or similar transaction with respect to such shares) contingent upon, and effective as of, the closing of the Initial Business Combination (the
“Equity Grant”), or (ii) should the Company fail to consummate the Initial Business Combination and cease all operations except for the purpose of winding up, a one-time guaranteed
cash payment of $125,000. The Company’s non-employee director compensation program and terms will be subject to change from time to time as determined by the Board. Additionally, the Equity Grant may be
subject to a lock-up or other customary transfer restrictions consistent with similar terms applicable to securities held by directors, officer or the sponsor of the Company. 

You will be reimbursed for all reasonable out-of-pocket expenses incurred in
connection with fulfilling your responsibilities as a Director. 
 By countersigning below, you agree that your service as a Director is subject to
customary nomination and election processes and may be terminated at any time without further compensation in accordance with applicable policies and procedures, including as set forth in the Company’s
by-laws and other organizational documents. In addition, you will be free to resign from your position as a Director at any time. 

As a Director, you will have access to confidential information, the ownership and confidential status of which are highly important to the Company, and you
agree to comply with all policies and procedures of the Company for the protection of such confidential information. Without limiting the foregoing, by countersigning a copy of this letter you agree that all confidential or proprietary information
regarding the Company, its subsidiaries or its affiliates, including, but not limited to, trade secrets, information, technical data, customer lists, marketing research or plans, pricing strategies, Company data, or any other proprietary
information, is and shall continue to be the exclusive property of the Company. You acknowledge and agree that all confidential information is and shall continue to be the exclusive property of the Company, whether or not conceived, discovered or
developed, in whole or in part, by you and whether or not disclosed or entrusted to you in connection with your retention by the Company. 
 Except for
disclosure of confidential information to other Directors, employees and consultants of the Company on a “need to know” basis in the course of performing your services as a Director for the Company, you agree not to disclose, use or
exploit confidential information at any time during or after retention by the Company unless (i) the Company consents in writing to such use or (ii) the Company or a court of lawful jurisdiction directs otherwise. You agree that any
request or attempt to subpoena 

  
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confidential information shall be reported directly to the Company as soon as possible after receipt. Nothing in this letter shall prohibit or limit your use of information (i) that was
known by you previous to you beginning service as a Director (which information shall remain subject to any confidentiality restrictions in effect at the time of your receipt of such information), (ii) that you lawfully obtained from a third party
that is not under an obligation to the Company not to disclose such information or (iii) that is or becomes publicly available or generally known in the industry or trade in which the Company operates through no action or omission by you. 

We are excited about your proposed service as a non-employee Director and believe that your service will add value to
the Company. If you are in agreement with the terms and conditions described in this letter, please sign the enclosed copy and return it to our offices. 
  

	
	Sincerely,
	
	 /s/ Jeff Clarke

	
	Jeff Clarke

 [Countersignature Page Follows] 

  
 4 

			
	I accept the terms and conditions set forth above.
	Dated this 27 day of June, 2022.
		
	By:	 	 /s/ Morgan Hermand

		 	Morgan Hermand

  
 5EX-10.3

 Exhibit 10.3 

Confidential 

E.MERGE TECHNOLOGY ACQUISITION CORP. 

INDEPENDENT DIRECTOR 

COMPENSATION AGREEMENT 

June 22, 2022 
 This
Independent Director Compensation Agreement (the “Agreement”), dated as of the date first noted above, is made by and between E.Merge Technology Acquisition Corp, a Delaware corporation (the
“Company”), E.Merge Technology Sponsor LLC, a Delaware limited liability company (the “Sponsor”) with respect to Section 2 hereof only, and Ben Reitzes, an individual (the “Independent
Director”). 
 RECITALS 

WHEREAS, the Company is a public blank check company formed for the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business combination with one or more businesses (such transaction, a “Business Combination”); 

WHEREAS, the Board of Directors of the Company (the “Board”) believes that it is of paramount importance to the
effective corporate governance of the Company and its ability to maximize value through the Business Combination to attract qualified and competent independent members of the Board; 

WHEREAS, the Independent Director has agreed to serve as an independent member of the Board, in consideration for the payment
obligations contained in this agreement; and 
 WHEREAS, in order to ensure compliance with this Agreement in all circumstances, the
Sponsor wishes to provide a guarantee of the payment obligations of the Company under this Agreement in case the Company is dissolved, liquidated or no longer has the financial resources to pay the Independent Director’s compensation. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the foregoing and the Independent Director’s agreement to serve on the Board of the Company, the Company, the Independent Director and the Sponsor, intending to be legally bound, hereby agree as follows: 

 

	1.	 Compensation.  

 

	 	a.	 In the event that the Company consummates its Business Combination, the Company will issue to the Independent
Director a one-time award of 12,500 shares of Class A common stock of the Company (or of any other security issued upon the conversion, exchange reclassification, split, reconstruction or similar
transaction consummated as part of the Business Combination with respect to such shares), provided that the Independent Director continues to serve on the board of the Company until the Closing of such Business Combination (the “Equity
Grant”). The Company shall use its commercially reasonable efforts to file, as soon as practicable, but not later than fifteen (15) business days after the closing of its Business Combination, a registration statement covering the
issuance of shares of the Company, including those constituting the Equity Grant, and shall use reasonable best efforts to cause such registration statement to be declared effective as promptly as reasonably practicable after the initial filing
thereof, but in no event later than sixty (60) days following the filing deadline, and the Equity Grant shall be issued promptly following the effectiveness of such registration statement. If no applicable registration statement is in effect

	 	
within 75 days following the closing of its Business Combination, then the Company will immediately issue the Equity Grant to the Independent Director in a private placement and the Company shall
use its commercially reasonable efforts to include the shares constituting the Equity Grant in a registration statement covering the resale of its securities on an eligible stock market in the U.S. promptly following the issuance of the Equity
Grant. 

  

	 	b.	 In the event that the Company does not consummate its Business Combination, and the Company begins the process
of dissolution and/or liquidation, the Company will pay the Independent Director a one-time cash payment of $125,000 immediately prior to the dissolution of the Company, provided that the Independent Director
serves on the board of the Company at such time (the “Cash Payment”). 

  

	 	c.	 Assuming the terms and conditions listed above are met, the Independent Director shall be paid either the
Equity Grant or the Cash Payment, above, but not both, under any circumstances. 

  

	2.	 Sponsor Guarantee. Should the Independent Director earn the compensation listed in Section 1.b.
above but the Company does not for any reason make the full Cash Payment to the Independent Director due thereunder prior to the date the Company liquidates, the Sponsor hereby agrees to pay to the Independent Director, on behalf of the Company,
such portion of the Cash Payment which remains unpaid as necessary to ensure that the full Cash Payment is made to the Independent Director in accordance with the terms of this Agreement. 

 

	3.	 Waiver against Trust. The Independent Director acknowledges that the Company is a blank check company
with the powers and privileges to effect a merger, asset acquisition, reorganization or similar business combination involving the Company and one or more businesses or assets. The Independent Director further acknowledges that, as described in the
Company’s prospectus relating to its initial public offering dated July 30, 2020 (the “Prospectus”) available at www.sec.gov (File No. 333-239836), substantially all of
the Company’s assets consist of the cash proceeds of the Company’s initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust
Account”) for the benefit of the Company, its public stockholders and the underwriters of Company’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to the
Company to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Company’s Prospectus. For and in consideration of the Company entering into this Agreement, the receipt and
sufficiency of which are hereby acknowledged, the Independent Director hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to any monies held in the Trust Account,
regardless of whether such claim arises as a result of, in connection with or relating in any way to, this Agreement or any proposed or actual business relationship between the Company or its affiliates, on the one hand, and the Independent
Director, on the other hand, or any other matter, and regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability and irrevocably agrees not to seek recourse against the Trust Account as a result
of, or arising out of, this Agreement. To the extent Independent Director commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to Company or its affiliates, which proceeding seeks, in
whole or in part, monetary relief against the Company or its affiliates, the Independent Director hereby acknowledges and agrees that the Independent Director’s sole remedy shall be against funds held outside of the Trust Account and that such
claim shall not permit the Independent Director (or any person claiming on any of their behalves or in lieu of any of the Independent Director) to have any claim against the Trust Account (including any distributions therefrom) or any amounts
contained therein and in the event of any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to the Company or its affiliates, which proceeding seeks, in whole or in part, relief against the Trust
Account (including any distributions therefrom) in violation of this Agreement, Company shall be entitled to recover from the Independent 

	 	
Director and its affiliates, the associated legal fees and costs in connection with any such action, in the event Company or its affiliates, as applicable, prevails in such action or proceeding.
Notwithstanding anything else in this Section 3 to the contrary, nothing herein shall be deemed to limit the Independent Director’s or its affiliates’ right, title, interest or claim to the Trust Account by virtue of the Independent
Director’s record or beneficial ownership of any equity securities of the Company acquired by any means other than pursuant to this Agreement, including but not limited to any redemption right with respect to any such securities of Company.

  

	4.	 Miscellaneous. 

 

	 	a.	 The invalidity or unenforceability of any provision hereof shall in no way affect the validity or
enforceability of any other provision. In the event any provision hereof conflicts with any applicable law, such provision shall be deemed modified, consistent with the aforementioned intent, to the extent necessary to resolve such conflict.

  

	 	b.	 No supplement, modification, termination, waiver, restatement or amendment of this Agreement shall be binding
unless executed in writing by the Company and the Independent Director. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver
constitute a continuing waiver. 

  

	 	c.	 This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same the same instrument. Counterparts may be delivered via electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. 

 

	 	d.	 The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to
constitute part of this Agreement or to affect the construction thereof. 

  

	 	e.	 This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in
accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The parties hereto irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement
shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to
submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the
Delaware Court, and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum. 

(Signature Page Follows) 

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

	
	COMPANY:
	E.Merge Technology Acquisition Corp.
	
	 /s/ Jeff Clarke

	Signature
	
	Jeff Clarke
	  

	Print Name
	
	Co-CEO, CFO
	  

	Print Title
	
	INDEPENDENT DIRECTOR:
	
	 /s/ Ben Reitzes

	Signature
	
	Ben Reitzes
	  

	Print Name
	
	SPONSOR:
	
	E.MERGE TECHNOLOGY SPONSOR LLC
	
	 /s/ Steve Fletcher

	Signature
	
	Steve Fletcher
	  

	Print Name
	
	Managing Member
	  

	Print Title

 [Signature Page to Independent Director Compensation Agreement]

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