Document:

Exhibit 10.2

 

AMENDMENT TO FORWARD PURCHASE CONTRACT

 

AMENDMENT No. 1 (this “Amendment”),
dated as of December 16, 2016, to the Forward Purchase Contract (the “Agreement”), dated as of July 16, 2014,
between MIHI LLC, a Delaware limited liability company (“MIHI”), and Terrapin 3 Acquisition Corporation, a Delaware
corporation (“Terrapin”). Capitalized terms used but not defined herein shall have the meanings assigned to
such terms in the Agreement.

 

WITNESSETH:

 

WHEREAS, the parties have entered into the
Agreement;

 

WHEREAS, pursuant to that certain Amended
and Restated Business Combination Agreement, dated as of September 28, 2016, between Yatra Online, Inc. and Terrapin (the “Business
Combination Agreement”), it is a condition to the obligation of the parties under the Business Combination Agreement
that the parties hereto enter into this Amendment; and

 

WHEREAS, pursuant to and in accordance with
Section 9.8 of the Agreement, the parties wish to amend the Agreement as set forth in this Amendment.

 

NOW, THEREFORE, in consideration of the rights
and obligations contained herein, and for other good and valuable consideration, the adequacy of which is hereby acknowledged,
the parties agree as follows:

 

Section 1.          Amendments.

 

(a)          The
first two sentences of the introductory paragraph of the Agreement are hereby deleted in their entirety and replaced with the following
sentence:

 

“We are pleased to accept the offer
MIHI, LLC (the “Subscriber” or “you”) has made to purchase an aggregate of 2,000,000 units
(the “Units”) of Terrapin 3 Acquisition Corporation, a Delaware corporation (the “Company”),
each Unit comprising one share of Class A Common Stock of the Company, par value $0.0001 per share (“Class A Common Stock”
or “Class A Share”) and one warrant to purchase one-half of one Share (“Warrant”) for an
aggregate purchase price of $20,000,000.00. The Units, Class A Shares and Warrants, collectively, are hereinafter referred to as
the “Securities”.”

 

(b)          The
number “$40,004,700.35”, which appears in Section 1 and Section 3.1 of the Agreement, is hereby deleted each time it
appears and replaced with the number “$20,000,000.00” each time it appears.

 

(c)          The
last sentence of Section 2.2.3 of the Agreement is hereby deleted in its entirety and replaced with the following sentence:

 

“The Company will reserve sufficient
Shares to permit full exercise of the Warrants.”

 

     

     

    

 

(d)          The
second sentence of Section 3.1of the Agreement is hereby amended by deleting the phrase “and the shares of Class F Common
Stock”.

 

(e)          Section
5.2 of the Agreement is hereby deleted in its entirety.

 

(f)          Section
5.3 of the Agreement is hereby amended by deleting the following in its entirety:

 

“All certificates representing the Class F Common Stock
shall have endorsed thereon legends substantially as follows:

 

‘THE SECURITIES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO A LOCKUP SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE SUBSCRIBER AND MAY NOT BE OFFERED,
SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP EXCEPT PURSUANT TO ITS TERMS.’”

 

Section 2.          Entire
Agreement. This Amendment constitutes the entire agreement of the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements and undertakings, both written and oral, between the Seller and Purchaser with respect to the
subject matter hereof. Except as amended by this Amendment, the Agreement shall continue in full force and effect.

 

Section 3.          Severability.
If any term or other provision of this Amendment is invalid, illegal or incapable of being enforced by any law or public policy,
all other terms and provisions of this Amendment shall nevertheless remain in full force and effect so long as the economic or
legal substance of the transactions contemplated by this Amendment is not affected in any manner materially adverse to any party.
Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto
shall negotiate in good faith to modify this Amendment so as to effect the original intent of the parties as closely as possible
in an acceptable manner in order that the transactions contemplated by this Amendment are consummated as originally contemplated
to the greatest extent possible.

 

Section 4.          Counterparts.
This Amendment may be executed and delivered (including by facsimile transmission or by electronic transmission) in one or more
counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an
original but all of which taken together shall constitute one and the same agreement.

 

Section 5.          Governing
Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed
by the laws of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the
conflict of law principles thereof.

 

[Signature Page to Follow]

 

    	 	2	 

     

    

 

IN WITNESS WHEREOF, the parties have caused
this Amendment to be executed by as of the date first written above by their respective officers thereunto duly authorized.

 

	 	MIHI LLC
	 	 	 
	 	By:	/s/ Duncan Murdoch
	 	 	Name:  Duncan Murdoch
	 	 	Title: Vice President
	 	 	 
	 	By:	/s/ Tobias Bachteler
	 	 	Name:  Tobias Bachteler
	 	 	Title: Vice President
	 	 	 
	 	TERRAPIN 3 ACQUISITION CORPORATION
	 	 	 
	 	By:	/s/ Sanjay Arora
	 	 	Name:  Sanjay Arora
	 	 	Title:  Chief Executive OfficerExhibit 10.3

 

FORFEITURE AGREEMENT

 

	Terrapin 3 Acquisition Corporation	December  16, 2016

1700 Broadway

18th Floor

New York, NY 10022

 

Yatra Online, Inc.

1101-03, Tower B

11th Floor, Unitech Cyber Park

Sector – 39, Gurgaon – 122 001

 

		Re:	Forfeiture
Agreement

 

Ladies and Gentlemen:

 

This letter (this “Letter Agreement”)
is being delivered to you in connection with that certain Amended and Restated Business Combination Agreement, dated as of September
28, 2016 (the “Business Combination Agreement”), between Terrapin 3 Acquisition Corporation, a Delaware
corporation (the “Company”), and Yatra Online, Inc., a Cayman Islands company limited by shares (“Yatra”),
relating to the proposed business combination between the Company and Yatra.

 

This execution and delivery of this Letter
Agreement is a condition to the obligations of the Company and Yatra to consummate the transactions contemplated by the Business
Combination Agreement (the “Transactions”). In order to induce the Company and Yatra to proceed with
the consummation of the Transactions and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each of Apple Orange LLC, Noyac Path LLC, Periscope, LLC, Terrapin Partners Employee Partnership 3 LLC and Terrapin
Partners Green Employee Partnership, LLC (together the “Terrapin Sponsors”), and MIHI LLC (together with
the Terrapin Sponsors, the “Sponsors”) and each of the undersigned individuals, each of whom is a director
or member of the Company’s management team (each, an “Insider” and collectively, the “Insiders”),
hereby agrees with the Company as follows:

 

1.          Each
Sponsor and each Insider agrees that immediately prior to the consummation of the Transactions, it or he shall surrender and forfeit
to the Company such number of shares of Class F Common Stock of the Company and such number of warrants (“Warrants”)
to purchase shares of Class A Common Stock of the Company (with each Warrant exercisable one half of a share of Class A Common
Stock) as is set forth opposite such person’s name on Exhibit A hereto. Each Sponsor and Insider hereby authorizes
the Company to take such actions as shall be necessary to evidence such surrender and forfeiture as of immediately prior to the
consummation of the Transactions.

 

2.          This
Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the
extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not
be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by
a written instrument executed by all parties hereto.

 

3.          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, except as provided above. 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 Sponsors and Insiders and their respective successors and permitted assigns to whom a Sponsor transfers
shares of the Company in compliance with this Letter Agreement. Any transfer made in contravention of this Letter Agreement shall
be null and void.

 

     

     

    

 

4.          This
Letter 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 (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this
Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submits
to such jurisdiction and venue, which jurisdiction and venue shall be exclusive and (ii) waives any objection to such exclusive
jurisdiction and venue or that such courts represent an inconvenient forum.

 

5.          This
Letter Agreement may be executed and delivered (including by facsimile transmission or by electronic transmission) in one or more
counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an
original but all of which taken together shall constitute one and the same agreement.

 

[Signature Pages Follow]

 

    	 	2	 

     

    

 

	 	MIHI LLC
	 	 	 
	 	By:	 /s/ Duncan Murdoch
	 	 	Name: Duncan Murdoch
	 	 	Title: Vice President
	 	 
	 	By:	 /s/ Tobias Bachteler
	 	 	Name: Tobias Bachteler
	 	 	Title: Vice President
	 	 
	 	APPLE ORANGE LLC
	 	 
	 	By:	 /s/ Nathan Leight
	 	 	Name: Nathan Leight
	 	 	Title: Managing Member

 

	 	NOYAC PATH LLC
	 	 
	 	By:	 /s/ Stephen Schifrin
	 	 	Name: Stephen Schifrin
	 	 	Title: Manager
	 	 
	 	PERISCOPE, LLC
	 	 
	 	By:	 /s/ Guy Barudin
	 	 	Name: Guy Barudin
	 	 	Title: President
	 	 
	 	TERRAPIN PARTNERS EMPLOYEE

 PARTNERSHIP 3 LLC
	 	 
	 	By:	 /s/ Nathan Leight
	 	 	Name: Nathan Leight   
	 	 	Title: Managing Member
	 	 
	 	TERRAPIN PARTNERS GREEN EMPLOYEE PARTNERSHIP, LLC
	 	 
	 	By:	 /s/ Nathan Leight
	 	 	Name: Nathan Leight         
	 	 	Title: Managing Member
	 	 
	 	 /s/ Jonathan Kagan
	 	Jonathan Kagan
	 	 
	 	 /s/ George Brokaw
	 	George Brokaw
	 	 
	 	 /s/ Victor Mendelson
	 	Victor Mendelson

 

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	Acknowledged and Agreed: 	 
	 	 
	TERRAPIN 3 ACQUISITION CORPORATION	 
	 	 
	By:	 /s/ Sanjay Arora	 
	 	Name: Sanjay Arora	 
	 	Title: President	 

 

	YATRA ONLINE, INC.	 
	 	 
	By:	 /s/ Dhruv Shringi	 
	 	Name: Dhruv Shringi	 
	 	Title: Chief Executive Officer	 

 

    	 	4	 

     

    

 

EXHIBIT A

 

	Name	 	Number of Shares of Class F 
Common Stock to be 
Surrendered	 	Number of Warrants to be 
Surrendered
	 	 	 	 	 
	MIHI LLC	 	105,781	 	 
	 	 	 	 	 
	APPLE ORANGE LLC	 	1,193,244	 	568,570
	 	 	 	 	 
	NOYAC PATH LLC	 	58,593	 	18,858
	 	 	 	 	 
	PERISCOPE, LLC	 	39,062	 	12,572
	 	 	 	 	 
	TERRAPIN PARTNERS EMPLOYEE PARTNERSHIP 3, LLC	 	689,664	 	 
	 	 	 	 	 
	TERRAPIN PARTNERS GREEN EMPLOYEE PARTNERSHIP, LLC	 	28,031	 	 
	 	 	 	 	 
	Jonathan Kagan	 	15,000	 	 
	 	 	 	 	 
	George Brokaw	 	15,000	 	 
	 	 	 	 	 
	Victor Mendelson	 	15,000

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