SEC Contract Filing

Filing Date: 2022-03-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>8
<FILENAME>tm229174d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.3</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: center"><B>INVESTMENT MANAGEMENT TRUST AGREEMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-indent: 0.5in">This Investment Management Trust Agreement
(this &#8220;<U>Agreement</U>&#8221;) is made effective as of March 8, 2022 by and between Lakeshore Acquisition II Corp., a Cayman Islands
exempted company (the &#8220;<U>Company</U>&#8221;), and Continental Stock Transfer &amp; Trust Company, a New York limited purpose trust
company (the &#8220;<U>Trustee</U>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0.05in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0.05in; text-indent: 0.5in">WHEREAS, the Company&#8217;s registration
statement on Form S-1, File No. 333-262381 (&#8220;<U>Registration Statement</U>&#8221;) and prospectus (&#8220;<U>Prospectus</U>&#8221;)
for the initial public offering of the Company&#8217;s units (&#8220;<U>Units</U>&#8221;), each of which consists of one ordinary share
of the Company, par value $0.0001 per share (&#8220;<U>Ordinary Share</U>&#8221;), one right to receive one-tenth of one Ordinary Share
(each, a &#8220;<U>Right</U>&#8221;) and one half of one warrant (&#8220;<U>Warrant</U>&#8221;), each whole Warrant entitling the holder
to purchase one Ordinary Share (such initial public offering referred to as the &#8220;<U>IPO</U>&#8221;) has been declared effective
as of the date hereof (&#8220;<U>Effective Date</U>&#8221;) by the Securities and Exchange Commission (capitalized terms used herein
and not otherwise defined shall have the meanings set forth in the Registration Statement);</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in; text-indent: 0.5in">WHEREAS, the Company has entered into an
Underwriting Agreement (&#8220;<U>Underwriting Agreement</U>&#8221;) with Network 1 Financial Securities, Inc. as the representative
(the &#8220;<U>Representative</U>&#8221;) of the several underwriters (&#8220;<U>Underwriters</U>&#8221;) named therein;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in; text-indent: 0.5in">WHEREAS, as described in the Prospectus,
and in accordance with the Company&#8217;s Amended and Restated Memorandum and Articles of Association (&#8220;<U>Articles of Association</U>&#8221;),
$60,000,000 ($69,000,000 if the overallotment option is exercised in full) of the proceeds from the IPO and a simultaneous private placement
of Units will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United States
(the &#8220;<U>Trust Account</U>&#8221;) for the benefit of the Company and the holders of the Ordinary Shares included in the Units
issued in the IPO as hereinafter provided (the proceeds to be delivered to the Trustee and any interest subsequently earned thereon will
be referred to herein as the &#8220;<U>Property</U>&#8221;; the shareholders for whose benefit the Trustee shall hold the Property will
be referred to as the &#8220;<U>Public Shareholders</U>,&#8221; and the Public Shareholders and the Company will be referred to together
as the &#8220;<U>Beneficiaries</U>&#8221;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0.05in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0.05in; text-indent: 0.5in">WHEREAS, the Company and the Trustee
desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55in">NOW THEREFORE, IT IS AGREED:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in">1. <U>Agreements and Covenants of Trustee</U>. The Trustee
hereby agrees and covenants to:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0.05in; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;
</FONT>Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established
by the Trustee initially at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100
billion or more) in the United States, maintained by Trustee, and at a brokerage institution selected by the Company that is reasonably
satisfactory to the Trustee;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.35in 0pt 0.05in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.35in 0pt 0.05in; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;
</FONT>Manage, supervise,