SEC Contract Filing

Filing Date: 2017-08-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1K
<SEQUENCE>16
<FILENAME>s107004_ex10-1k.htm
<DESCRIPTION>EXHIBIT 10.1(K)
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1(k)</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">July 27, 2017</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1720 Peachtree Street</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Suite 629</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Atlanta, GA 30309</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">366 Madison Avenue</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">New York, New York 10017</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">Re</TD><TD STYLE="text-align: justify"><U>Initial Public Offering</U></TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This letter (this &ldquo;<B><I>Letter Agreement</I></B>&rdquo;)
is being delivered to you in accordance with the Underwriting Agreement (the &ldquo;<B><I>Underwriting Agreement</I></B>&rdquo;)
entered into by and between Pensare Acquisition Corp., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), and EarlyBirdCapital,
Inc., as representative of the several underwriters (the &ldquo;<B><I>Underwriters</I></B>&rdquo;), relating to an underwritten
initial public offering (the &ldquo;<B><I>Public</I></B>&nbsp;<B><I>Offering</I></B>&rdquo;), of 27,000,000 of the Company&rsquo;s
units (the &ldquo;<B><I>Units</I></B>&rdquo;), each comprised of one share of the Company&rsquo;s common stock, par value $0.001
per share (the &ldquo;<B><I>Common Stock</I></B>&rdquo;), one right to receive one-tenth of one share of Common Stock (each, a
&ldquo;<B><I>Right</I></B>&rdquo;) and one-half of one warrant (each, a &ldquo;<B><I>Warrant</I></B>&rdquo;).&nbsp; Each whole
Warrant&nbsp;entitles the holder thereof to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment.&nbsp;
The Units shall be sold in the Public Offering pursuant to the registration statements on Form&nbsp;S-1, Nos.&nbsp;333-219162 and
333-219518 and the prospectus (the &ldquo;<B><I>Prospectus</I></B>&rdquo;) filed by the Company with the Securities and Exchange
Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) and the Company has applied to have the Units&nbsp;listed on the NASDAQ
Capital Market.&nbsp; Certain capitalized terms used herein are defined in paragraph ten hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In order to induce the Company and the Underwriters
to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the undersigned, hereby agrees with the Company as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The undersigned agrees that if the Company seeks stockholder approval of a proposed Business Combination, then in connection
with such proposed Business Combination, the undersigned shall vote all the Founder Shares owned by the undersigned and any shares
acquired by the undersigned in the Public Offering or the secondary public market in favor of such proposed Business Combination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The undersigned hereby agrees that in the event that th