Document:

Exhibit 10.6

 

LightJump Acquisition Corp.

2735 Sand Hill Road, Suite 110

Menlo Park, CA 94025

 

June 14, 2022

 

EarlyBirdCapital, Inc.

366 Madison Avenue

New York, NY 10017

 

Ladies and Gentlemen:

 

Reference is made to that certain Business Combination
Marketing Agreement, dated January 8, 2020 (“BMCA”), between LightJump Acquisition Corp. (“LJ”) and EarlyBirdCapital,
Inc. (“EBC”).

 

On the date hereof, LJ is concurrently entering
into a business combination agreement (as amended, the “BCA”) with Moolec Science Limited (the “Target”), Moolec
Science SA (“Holdco”) and Moolec Acquisition, Inc. (“Merger Sub”). It is a condition to the consummation of the
transactions contemplated by the BCA (the “Closing”) that LJ and EBC enter into an amendment to the BCMA (this “BCMA
Amendment”) providing for, among other things, a change in the compensation to be payable to EBC upon the Closing.

 

Accordingly, the parties to the BCMA agree to amend
the BCMA as follows:

 

1.   Section
1(b) of the BCMA is hereby deleted in its entirety and replaced with the following:

 

(b)   As
compensation for the foregoing services, the Company will pay to the Advisor and/or its designees an amount in cash (the “Cash Fee”)
equal to (i) 20% of the aggregate gross proceeds (up to a maximum of $3,830,000) (x) held in the Trust Account (defined below) calculated
on the day of the redemption deadline indicated in the proxy statement to be filed by LJ in connection with the Business Combination,
after first taking into account (A) payment to holders of shares of common stock sold in the IPO who duly exercised their redemption rights
in connection with the Business Combination and then reducing the amount held in the Trust Account by (B) any additional payments included
in the Trust Account to accommodate any extension of the time period for the Company to consummate a Business Combination (and not paid
to redeeming holders pursuant to the immediately preceding clause (A)) and (y) received by the Company in any financing in connection
with a Business Combination regardless of the source of such funds, plus (ii) $1,000,000.

 

     

     

    

 

2.   Section
1(c) of the BCMA is hereby deleted in its entirety and replaced with the following:

 

(c)   In addition to
the Cash Fee, in consideration of the Advisor introducing Moolec Science Limited (the “Target”) to the Company, Moolec Science
SA, which is expected to list on Nasdaq following the Closing (“Holdco”) shall issue to Advisor a number of shares of common
stock of Holdco (the “Share Fee” and together with the Cash Fee, the “Fee”) equal to $2,000,000 divided by the
lesser of (i) the volume weighted average price of Holdco’s ordinary shares for the ten trading days preceding the six month anniversary
of the closing of a Business Combination (“Closing”) and (ii) $10.00, up to a maximum of 600,000 shares. Holdco shall register
the resale or the ordinary shares issued to the Advisor hereunder as promptly as practicable after their issuance; provided that if the
Advisor’s other ordinary shares of Holdco are included on a registration statement filed by Holdco prior to such time, the shares
payable for the Share Fee shall be included on such earlier filed registration statement to the extent possible. LightJump One Founders
LLC, the Company’s sponsor, agrees to forfeit to Holdco for cancellation the same number of shares of common stock payable to EBC
as the Share Fee.

 

3.   Section
1(d) of the BCMA is hereby deleted in its entirety and replaced with the following:

 

(d)    The Cash Fee
shall be due and payable to the Advisor on the Closing by wire transfer from the Trust Account and/or, with the Advisor’s consent,
other sources of funding. The Share Fee shall be issued to the Advisor within five business days of the six month anniversary of the Closing.
If a proposed Business Combination is not consummated for any reason, no Fee shall be due or payable or issuable to the Advisor hereunder.

 

4.   Section
1(e) of the BCMA is hereby deleted in its entirety.

 

5.   This
BCMA Amendment shall terminate and be of no further force or effect, ab initio, upon termination of the BCA in accordance with its terms.

 

6.   The
BCMA shall remain in full force and effect except as expressly amended by this BCMA Amendment. Subject to Section 5 above, upon the execution
and delivery hereof, the BCMA shall thereupon be deemed to be amended as hereinabove set forth as fully and with the same effect as if
the amendments made hereby were originally set forth in the BCMA, and this BCMA Amendment and the BCMA shall henceforth be read, taken
and construed as one and the same instrument.

 

7.   This
BCMA Amendment shall be construed and enforced in accordance with the laws of the State of New York without giving effect to the conflict
of laws principles thereof.

 

8.   Holdco
shall be a third party beneficiary to the agreements made hereunder between LJ, EBC and LightJump One Founders LLC and is entitled to
the rights and benefits hereunder and may enforce the provisions hereof as if Holdco were a party hereto.

 

[Remainder of Page Intentionally
Left Blank]

 

    2

     

    

 

If the foregoing correctly sets forth the understanding
between EBC and LJ with respect to the foregoing, please so indicate your agreement by signing in the place provided below, at which time
this BCMA Amendment shall become a binding contract.

 

	 	LIGHTJUMP ACQUISITION CORP.
	 	 	

	 	By:	/s/
    Robert M. Bennett      
	 	 	Name:	Robert M. Bennett   
	 	 	Title:	Chief Executive Officer

 

AGREED AND ACCEPTED BY:

 

	EARLYBIRDCAPITAL, INC.	 
	 	
	 
	By:	/s/
    David Nussbaum	 
	 	Name:	David Nussbaum	 
	 	Title:	Chairman	 

 

	LIGHTJUMP ONE FOUNDERS LLC (solely with
    respect to its agreement to forfeit for cancellation a number of shares equal to the Share Fee)	 
	 	
	 
	By:	/s/
    Robert M. Bennett	 
	 	Name:	Robert M. Bennett	 
	 	Title:	Chief Executive Officer	 

 

[Signature Page to BCMA Amendment]

 

    3

     

    

 

AGREED AND ACCEPTED BY:

 

	Moolec Science SA	 
	 	
	 
	By:	/s/
    Gastón Paladini	 
	 	Name:	Gastón
    Paladini	 
	 	Title:	Class A Director	 

 

[Signature Page to BCMA Amendment]

 

4Document

Certain portions of this exhibit (indicated by “[*****]”) have been omitted pursuant to Item 601(b)(10) of Regulation S-K

AMENDMENT NO. 3, dated as of June 9, 2022, to CONVERTIBLE SENIOR SECURED DELAYED-DRAW CREDIT AGREEMENT (as amended by Amendment No. 1 thereto, dated as of February 22, 2022, and Amendment No. 2 thereto, dated as of March 25, 2022, and as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among Atlas Financial Holdings, Inc., American Insurance Acquisition Inc., Anchor Group Management Inc., Anchor Holdings Group, Inc, optOn Digital IP Inc., optOn Insurance Agency Inc., Plainview Premium Finance Company, Inc., jointly and severally (collectively, the “Credit Parties”), the Lenders (defined below) party hereto, and Sheridan Road Partners, LLC, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). 
The parties hereby agree as follows:
1.Definitions, Etc. All terms used herein, unless otherwise defined, shall have the meanings ascribed thereto in the Credit Agreement. References to “Articles” and “Sections” in this Amendment are references to Articles and Sections of the Credit Agreement. References to “Attachments” are references to attachments to this Amendment No. 3.
2.Purposes. The purposes of this Amendment No. 3 are to provide for (a) the addition of new Lenders as signatories to the Credit Agreement having the respective Term Loan Commitments set forth on Attachment 1, (b) an increase in the Total Term Loan Commitment from $3,000,000 to $6,200,000, (c) modification of the Credit Parties’ obligations with respect to the Collateral securing the satisfaction of the Obligations and (d) the other modifications and supplements to the terms of the Credit Agreement and the other Credit Documents provided for herein.
3.New Lenders. Each of the Lenders designated on Attachment 1 as a “New Lender,” by its execution and delivery of this Amendment No. 3 shall become a Lender under the Credit Agreement with the Term Loan Commitment and the address for notices indicated on Attachment 1. All of the parties acknowledge that the Term Loan Commitments of the Lenders other than the New Lenders have been fully satisfied and that any Term Loans made from and after the date hereof shall be made solely by the New Lenders in proportion to their respective Term Loan Commitments. 
4.Amendments.
(a)Defined Terms. Section 1.1 is hereby amended as follows:
(1)A new definition is hereby inserted immediately following the definition of “ERISA Event” to read in its entirety as follows:
“Expansion Loans” means Term Loans made after March 31, 2022, by Lenders who become parties to this Agreement subsequent to that date.
(2)The definition of the term “Maturity Date” is hereby revised to read in its entirety as follows:
“Maturity Date” means the earlier of (i) June 30, 2024 and (ii) such other date on which the Term Loan Commitments terminate and the Term Loans and all other Obligations hereunder become due pursuant to Section 7.2.

(3)A new definition is hereby inserted immediately following the definition of “Prime Rate” to read in its entirety as follows:
“Qualifying Cash Amount” means, on any date of determination, the aggregate of Cash in Deposit Accounts maintained by the Credit Parties and subject to a Control Agreement in favor of the Administrative Agent.
(4)The definition of the term “Requisite Lenders” is hereby revised to read in its entirety as follows:
“Requisite Lenders” means, on any date of determination (a) Broadbill Partners II, LP if it is a Lender on that date, and (b) if Broadbill Partners II, LP is not a Lender on that date, one or more Lenders then having or holding Term Loan Exposure representing more than 50% of the aggregate Term Loan Exposure of all the Lenders
(5)The definition of the term “Yield Protection Payment” is hereby revised to read in its entirety as follows:
“Yield Protection Payment” means, in connection with any prepayment of the Term Loans pursuant to Section 2.8(b)(i) or 2.8(c), an amount equal to (a) 6% of the principal and interest (including PIK Interest) included in the prepayment if the prepayment occurs on or before the last day of the fifteenth full calendar month following the Closing Date, (b) 3% of the principal and interest (including PIK Interest) included in the prepayment if the prepayment occurs at any time during the 16th  through 27th full calendar months following the Closing Date, and (c) 0% if the prepayment occurs at any time after the last day of the 27th full calendar month following the Closing Date.
(b) Changes to Commitments. Section 2.1 is hereby amended to read in its entirety as follows:
2.1 Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally, and not jointly, agrees to make term loans to the Credit Parties, during the Availability Period, in an aggregate principal amount not to exceed such Lender’s Term Loan Commitment. Each Lender’s Term Loan Commitment shall be reduced by the aggregate principal amount of the Term Loans funded by that Lender. Each Borrowing of Term Loans shall be made from the Lenders based upon each Lender’s Commitment Percentage of the Borrowing until the aggregate principal amount of the term Loans made by a Lender is equal to its Commitment Percentage and thereafter based upon the Commitment Percentage of the remaining Lenders; provided, however, that the failure of any Lender to make any Term Loan shall not in itself relieve the other Lenders of their obligations to lend. At no time shall the sum of the aggregate principal amount of the Term Loans borrowed hereunder exceed the Total Term Loan Commitment. Term Loans borrowed hereunder and subsequently repaid or prepaid may not be reborrowed. 
(c)Borrowings. Section 2.2 is hereby amended by revising Section 2.2(c) to read in its entirety as follows:
 (c) Delayed Draw and Expansion Loans. During the Availability Period, subject to the satisfaction of the conditions set forth in Article IV, additional Term Loans in the aggregate principal amount of $1,000,000 (“Delayed-Draw Loans”) and, after the Delayed-Draw Loans have been fully funded, Expansion Loans in the aggregate principal amount of $3,200,000 may be borrowed during the Availability Period. All Delayed-

Draw Loans and Expansion Loans shall be made pursuant to a Borrowing Certificate delivered to the Administrative Agent pursuant to Section 2.2(a).
(d)Collateral. Notwithstanding anything in the Credit Agreement or the other Credit Documents to the contrary:
(1)The Credit Parties shall not be required to deliver the Mortgage provided for in Section 4.2(d) to the Administrative Agent and neither the failure of (A) the Administrative Agent to have a perfected security interest in the Mortgaged Property, nor (B) the Credit Parties to pay or provide for the payment of real property taxes in respect of the Mortgaged Party shall constitute a Default or Event of Default. 
(2)The Credit Parties shall not be required until January 1, 2023, to grant to the Administrative Agent for the benefit of the Lenders a first-priority perfected security interest in the assets of, or Equity Interests in, AGMI. From and after January 1, 2023, the failure of the Administrative Agent to hold a first-priority perfected security interest in the assets of, or Equity Interests in, AGMI shall constitute an Event of Default.
(e)Covenants. Article 6 is hereby amended as follows:
(1)Section 6.8 is hereby amended in its entirety to read as follows:
6.8 Board of Directors. AFHI shall, at all times, have no fewer than three directors. From and after July 31, 2022, a majority of AFHI’s board of directors (regardless of its size) shall consist of directors reasonably acceptable to the Administrative Agent and the Lenders who do not have a material relationship with any Credit Party and are neither executives of any Credit Parties nor involved in any Credit Party’s day-to-day operations.  
(2)Section 6.12 is hereby amended in its entirety to read as follows:
6.12 Minimum Liquidity. Commencing with the calendar quarter ending on June 30, 2023, on each day of a calendar quarter indicated on the table below, the Credit Parties shall (as set forth in the Compliance Certificates delivered pursuant to Section 6.1(b)) have Qualifying  Cash on deposit in an amount not less than the “Minimum Qualifying Cash Amount” for the indicated calendar quarter.
						
	Calendar Quarter Ending	Minimum Qualifying
Cash Amount

	June 30, 2023	$   500,000
	September 30, 2023	$   625,000
	December 31, 2023	$   750,000
	March 31, 2024	$   875,000
	June 30, 2024	$1,000,000

(3)The penultimate sentence of Section 6.13 is hereby revised to read in its entirety as follows:

AFHI shall file a registration statement on Form S-1 with respect to the Set-Up Fee Shares, the Draw-Fee Shares and the Conversion Shares no later than thirty (30) days following the Credit Parties’ becoming aware that AFHI will not be eligible for a Form S-3 automatic shelf registration.
(f)Events of Default. Section 7.1(c) is hereby amended to read in its entirety as follows:
(c) Failure by the Credit Parties, at any time from and after June 30, 2022, to provide to the Administrative Agent continuous “read-only” on-line access to all deposit accounts maintained by AFHI and its Subsidiaries (whether or not included in the Collateral). 
5.Miscellaneous.
(a)Except as expressly provided in this Amendment No. 3, the Credit Documents in existence prior to the date hereof shall remain unmodified and in full force and effect.
(b)From and after the date hereof, all references to the Credit Agreement in the Credit Documents shall be deemed references to the Credit Agreement as amended and supplemented by this Amendment No. 3. 
(c)This Amendment No. 3 is a Credit Document and the provisions of Sections 9.11, 9.14, 9.15, 9.16, 9.19 and 9.20 are incorporated herein by reference adjusted mutatis mutandis so that references to the Credit Agreement shall be deemed references to this Amendment No. 3.

[Signature Pages Follow]
 

IN WITNESS WHEREOF, the parties have caused this Amendment No. 3 to be duly executed and delivered as of the date first above written.
						
	ATLAS FINANCIAL HOLDINGS, INC., 
a Cayman Islands exempted company limited by shares
By: /s/ Scott D. Wollney        
Name:    Scott D. Wollney
Title:    President & CEO
ANCHOR GROUP MANAGEMENT INC., 
a New York corporation
By:    /s/ Scott D. Wollney        
Name:    Scott D. Wollney
Title:    President & CEO
optON DIGITAL IP INC., 
a Delaware corporation
By:    /s/ Scott D. Wollney        
Name:    Scott D. Wollney
Title:    President & CEO
UBI HOLDINGS INC., 
a Delaware corporation
By:    /s/ Scott D. Wollney        
Name:    Scott D. Wollney
Title:    President & CEO
	AMERICAN INSURANCE ACQUISITION INC., a Delaware corporation
By:    /s/ Scott D. Wollney        
Name:    Scott D. Wollney
Title:    President & CEO
ANCHOR HOLDINGS GROUP, INC., 
a New York corporation
By:     /s/ Scott D. Wollney        
Name:    Scott D. Wollney
Title:    President & CEO
optON INSURANCE AGENCY INC., 
a Delaware corporation 
By:    /s/ Scott D. Wollney        
Name:    Scott D. Wollney
Title:    President & CEO
PLAINVIEW PREMIUM FINANCE COMPANY, INC., a Delaware corporation

By:    /s/ Scott D. Wollney        
Name:    Scott D. Wollney
Title:    President & CEO

[*****]
[Lender Signature Pages Omitted]

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