SEC Contract Filing

Filing Date: 2024-04-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>tm2411289d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

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

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

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

<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">VOTING
AGREEMENT, dated as of April 8</FONT>, 2024 (this &ldquo;<B>Voting Agreement</B>&rdquo;), among Luxium Solutions, LLC, a Delaware limited
liability company (&ldquo;<B>Parent</B>&rdquo;), and each of the stockholders of Inrad Optics, Inc., a New Jersey corporation (the &ldquo;<B>Company</B>&rdquo;),
listed on the signature pages hereto (each, a &ldquo;<B>Specified Stockholder</B>&rdquo; and, collectively, the &ldquo;<B>Specified Stockholders</B>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">W I T N E S S E T H :</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, concurrently with
the execution and delivery of this Voting Agreement, Parent, Indigo Merger Sub, Inc., a Delaware corporation (&ldquo;<B>Merger Subsidiary</B>&rdquo;),
and the Company are entering into an Agreement and Plan of Merger dated as of the date hereof (as the same may be amended or supplemented,
the &ldquo;<B>Merger Agreement</B>&rdquo;; capitalized terms used but not defined herein shall have the meanings set forth in the Merger
Agreement) providing for, among other things, the merger of Merger Subsidiary with and into the Company, subject to the terms and conditions
set forth therein;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Specified Stockholders
are the record and beneficial owners of the number of shares of common stock, par value $0.01 per share, of the Company (&ldquo;<B>Common
Stock</B>&rdquo;) and, if applicable, the Company Convertible Note set forth across from such Specified Stockholder&rsquo;s name on <U>Schedule
A</U> hereto (such shares of Common Stock and the shares of Common Stock that will be issued upon the conversion of the Company Convertible
Note (if applicable) together with any other Common Stock of which such Specified Stockholder acquires record or beneficial ownership
during the period during which this Voting Agreement remains in effect, excluding any such Common Stock held in a 401(k) plan administered
by or on behalf of the Company (collectively, the &ldquo;<B>Subject Shares</B>&rdquo;); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, as an inducement
to Parent and Merger Subsidiary to enter into the Merger Agreement and consummate the transactions contemplated thereby, each Specified
Stockholder has agreed to enter into this Voting Agreement and vote all of such Specified Stockholder&rsquo;s Subject Shares as set forth
in this Voting Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows:</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; color: black">Section
1.&nbsp;&nbsp;&nbsp; </FONT><U>Representations and Warranties of the Specified Stockholders</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Each Specified Stockholder hereby represents and warrants (severally and not jointly and) solely as to himself, herself or itself to Parent
as follows: </FONT></P>

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

<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; color: black">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Authority; Enforceability</U>. Such Specified Stockholder (i) if a legal entity or trust, is duly organized, validly existing
under the laws of its jurisdiction of organization or (ii) if an individual, has legal competence and capacity to enter into this Voting
Agreement. Such Specified Stockholder has all requisite power and authority to execute this Voting Agreement, to perform such Specified
Stockholder&rsquo;s obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by such Specified
Stockholder of this Voting Agreement and consummation of the transactions contemplated