SEC Contract Filing

Filing Date: 2024-08-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>tm2420938d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORWARD PURCHASE AGREEMENT CONFIRMATION AMENDMENT</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 FORWARD PURCHASE AGREEMENT
CONFIRMATION AMENDMENT, dated as of July&nbsp;30, 2024 (this &ldquo;Amendment&rdquo;), is entered into by and among (i)&nbsp;Meteora
Special Opportunity Fund I, LP (&ldquo;<U>MSOF</U>&rdquo;), (ii)&nbsp;Meteora Capital Partners, LP (&ldquo;<U>MCP</U>&rdquo;), and (iii)&nbsp;Meteora
Select Trading Opportunities Master, LP (&ldquo;<U>MSTO</U>&rdquo;) (with MSOF, MCP, and MSTO collectively as &ldquo;<U>Seller</U>&rdquo;),
and (iv)&nbsp;ConnectM Technology Solutions,&nbsp;Inc., a Delaware corporation f/k/a Monterey Capital Acquisition Corporation, a Delaware
corporation (&ldquo;<U>PubCo</U>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reference is hereby made
to the OTC Equity Prepaid Forward Transaction, dated as of December&nbsp;31, 2022 (as amended from time to time, the &ldquo;<U>Confirmation</U>&rdquo;),
by and between Seller and PubCo. Capitalized terms not defined herein shall have the meanings assigned to such terms in the Confirmation.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Amendment</U>:
The parties hereto agree to amend the Confirmation as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
section titled &ldquo;Settlement Method&rdquo; shall be changed from &ldquo;Physical Settlement&rdquo; to &ldquo;Cash Settlement&rdquo;.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
section titled &ldquo;Maturity Consideration&rdquo; shall be deleted in its entirety.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
section titled &ldquo;Valuation Date&rdquo; shall be deleted in its entirety and replaced with the following:</FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-top: Black 1pt solid; width: 18%; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Valuation</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date:</P></TD>
 <TD STYLE="border: Black 1pt solid; width: 82%; padding-right: 0.5pt; padding-left: 0.5pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
 earliest to occur of (a)&nbsp;the third anniversary of the closing of the transactions between Counterparty and Target pursuant to
 a Business Combination Agreement, as was entered into on December&nbsp;31, 2022 (as the same has been or may be amended, modified,
 supplemented or waived from time to time, the &ldquo;<B>BCA</B>&rdquo;), by and among Counterparty, the Target and certain other
 parties thereto, to be reported on a Form&nbsp;8-K filed by the Counterparty (the &ldquo;<B>Form&nbsp;8-K</B>&rdquo;) (the &ldquo;Business
 Combination&rdquo;) and (b)&nbsp;the date specified by Seller in a written notice to be delivered to Counterparty at Seller&rsquo;s
 discretion (not earlier than the day such notice is effective) after the occurrence of any of a (x)&nbsp;Seller VWAP Trigger Event
 or (y)&nbsp;a Delisting Event and (c)&nbsp;the date specified by Seller in a written notice to be delivered to Counterparty at Seller&rsquo;s
 sole discretion (which Valuation Date shall not be earlier than the date of such notice, and, in each case the &ldquo;<B>Maturity
 Date</B>&rdquo;). The Valuation Date notice will become effective immediately upon its delivery from Seller to Counterparty in accordance
 with this Confirmation.</FONT></TD></TR>
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<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 0pt 0.5in">d.&#8239;&#8239;&#8239;&#8239; The following sections shall
be added below the section titled &ldquo;Shortfall Shares&rdquo;:</P>

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