SEC Contract Filing

Filing Date: 2024-01-23

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm242376d1_ex10-1.htm
<DESCRIPTION>EXHIBIT-10.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1&#8239;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&#8239;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>Execution Copy</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chavant Capital Acquisition Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">445 Park Avenue, 9th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, NY 10022</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">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In connection with the proposed business combination (the &ldquo;<U>Transaction</U>&rdquo;)
between Chavant Capital Acquisition Corp., an exempted company incorporated under the laws of the Cayman Islands (together with any successor
thereto, including after the Domestication (as defined below), the &ldquo;<U>Company</U>&rdquo;), and Mobix Labs,&#8239;Inc., a Delaware
corporation (&ldquo;<U>Mobix</U>&rdquo;), Michael Long, the undersigned subscriber (the &ldquo;<U>Subscriber</U>&rdquo;) desires to subscribe
for and purchase from the Company, and the Company desires to sell and issue to the Subscriber, that number of shares of Class&#8239;A
common stock of the Company (after giving effect to the Domestication), par value $0.00001 per share (referred to herein as the &ldquo;<U>Common
Shares</U>&rdquo;), set forth on the signature page&#8239;hereof for a purchase price of $10.00 per share (the &ldquo;<U>Per Share Price</U>&rdquo;
and the aggregate of such Per Share Price for all Shares subscribed for by the Subscriber being referred to herein as the &ldquo;<U>Purchase
Price</U>&rdquo;), on the terms and subject to the conditions contained herein. In connection with the Transaction, certain other &ldquo;accredited
investors&rdquo; (as defined in Rule&#8239;501(a)&#8239;under the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;))
or &ldquo;qualified institutional buyers&rdquo; (as defined in Rule&#8239;144A under the Securities Act) may enter into separate subscription
agreements with the Company with terms no more favorable than the terms of this Subscription Agreement (the &ldquo;<U>Other Subscription
Agreements</U>&rdquo;), pursuant to which such investors (the &ldquo;<U>Other Subscribers</U>&rdquo;), together with the Subscriber pursuant
to this Subscription Agreement, would severally and not jointly, agree to purchase on the closing date of the Transaction (the &ldquo;<U>Transaction
Closing Date</U>&rdquo;) additional Common Shares at the Per Share Price (the Subscriber, together with any Other Subscribers, are referred
to herein collectively as the &ldquo;<U>Subscribers</U>&rdquo;). In connection therewith, the Subscriber and the Company agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17.4pt">1.</TD><TD><U>Subscription; Additional Shares</U>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">a.</FONT> <FONT STYLE="font-size: 10pt">Subject
to the terms and conditions set forth in this Subscription Agreement, the Subscriber hereby subscribes for and agrees to purchase from
the Company at the Subscription Closing (as defined herein), and the Company agrees to issue and sell to the Subscriber, such number of
Common Shares as is set forth on the signature page&#8239;of this Subscription Agreement (the &ldquo;<U>Shares</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">b.</FONT> <FONT STYLE="font-size: 10pt">In
the event that the Adjustment Period VWAP (as defined herein) is less than $10.00 per Share (as adjusted for any stock split, reverse
stock split or similar adjustment following the closing of the Transaction), Subscriber (or its permitted assigns) shall be entitled to
receive from the Company a number of additional newly issued Common Shares equal to the product of (x)&#8239;the number of Common Shares
issued to Subscriber (or its permitted assigns) on the Transaction Closing Date that Subscriber (or its permitted assigns) holds on the
Measurement Date (as defined herein), multiplied by (y)&#8239;a fraction, (A)&#8239;the numerator of which is $10.00 (as adjusted for any
stock split, reverse stock split or similar adjustment following the closing of the Transaction) minus the Adjustment Period VWAP, and
(B)&#8239;the denominator of which is the Adjustment Period VWAP (such additional shares, the &ldquo;<U>Additional Shares</U>&rdquo;).
Notwithstanding anything to the contrary herein, no fraction of a Common Sh