SEC Contract Filing

Filing Date: 2021-01-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>7
<FILENAME>tm2034409d11_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Investment Management
Trust Agreement (this &ldquo;<B><I>Agreement</I></B>&rdquo;) is made effective as of January&nbsp;4, 2021, by and between Benessere
Capital Acquisition Corp., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), and Continental Stock Transfer&nbsp;&amp;
Trust Company, a New York corporation (the &ldquo;<B><I>Trustee</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company&rsquo;s
registration statement on Form&nbsp;S-1, File No.&nbsp;333-249814 (the &ldquo;<B><I>Registration</I></B>&nbsp;<B><I>Statement</I></B>&rdquo;)
and prospectus (the &ldquo;<B><I>Prospectus</I></B>&rdquo;) for the initial public offering of the Company&rsquo;s units (the &ldquo;<B><I>Units</I></B>&rdquo;),
each of which consists of one share of the Company&rsquo;s Class&nbsp;A common stock, par value $0.0001 per share (the &ldquo;<B><I>Common
Stock</I></B>&rdquo;), and three-fourths of one redeemable warrant, each whole warrant entitling the holder thereof to purchase
one share of Common Stock, and one right to receive one-tenth (1/10) of share of Common Stock upon the consummation of the Company&rsquo;s
initial business combination (such initial public offering hereinafter referred to as the &ldquo;<B><I>Offering</I></B>&rdquo;),
has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
has entered into an Underwriting Agreement (the &ldquo;<B><I>Underwriting</I></B>&nbsp;<B><I>Agreement</I></B>&rdquo;) with Kingswood
Capital Markets, division of Benchmark Investments,&nbsp;Inc. as representative (the &ldquo;<B><I>Representative</I></B>&rdquo;)
of the several underwriters (the &ldquo;<B><I>Underwriters</I></B>&rdquo;) named therein; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, as described
in the Prospectus, $101,500,000 of the gross proceeds of the Offering and sale of the Private Placement Units (as defined in the
Underwriting Agreement) (or $116,725,000 if the Underwriters&rsquo; over-allotment option is exercised in full) 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 &ldquo;<B><I>Trust</I></B>&nbsp;<B><I>Account</I></B>&rdquo;)
for the benefit of the Company and the holders of the Common Stock included in the Units issued in the Offering as hereinafter
provided (the amount to be delivered to the Trustee (and any interest subsequently earned thereon) is referred to herein as the
 &ldquo;<B><I>Property,</I></B>&rdquo; the stockholders for whose benefit the Trustee shall hold the Property will be referred to
as the &ldquo;<B><I>Public</I></B>&nbsp;<B><I>Stockholders,</I></B>&rdquo; and the Public Stockholders and the Company will be
referred to together as the &ldquo;<B><I>Beneficiaries</I></B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, pursuant to
the Underwriting Agreement, a portion of the Property equal to $3,000,000, or $3,450,000 if the Underwriters&rsquo; over-allotment
option is exercised in full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company
to the Underwriters upon and concurrently with the consummation of the Business Combination (as defined below) (the &ldquo;<B><I>Deferred</I></B>&nbsp;<B><I>Discount</I></B>&rdquo;);
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW THEREFORE,&nbsp;IT IS AGREED:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.&nbsp;<U>Agreements and Covenants of Trustee</U>.
The Trustee hereby agrees and covenants to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.75in">(a)&nbsp;Hold the
Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust