SEC Contract Filing

Filing Date: 2023-02-27

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>d401565dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>SHAREHOLDER VOTING AND SUPPORT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">This Shareholder Voting and Support Agreement (this &#147;<U>Shareholder </U><U>Agreement</U>&#148;) is dated as of February&nbsp;26, 2023, by
and among, Heru Investment Holdings Ltd. (the &#147;<U>Stockholder</U>&#148;), Mercato Partners Acquisition Corporation, a Delaware corporation (&#147;<U>SPAC</U>&#148;), Nuvini Holdings Limited, an exempted company incorporated with limited
liability in the Cayman Islands (the &#147;<U>Company</U>&#148;), and Nvni Group Limited, an exempted company incorporated with limited liability in the Cayman Islands (&#147;<U>New PubCo</U>&#148;). Capitalized terms used but not defined herein
shall have the respective meanings ascribed to such terms in the Business Combination Agreement (as defined below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, as of the
date hereof, the Stockholder is the holder of record and the &#147;beneficial owner&#148; (within the meaning of Rule <FONT STYLE="white-space:nowrap">13d-3</FONT> under the Exchange Act) of the number of shares of Company Ordinary Shares, in each
case, as set forth on <U>Schedule</U><U></U><U>&nbsp;I</U> attached hereto (including any New PubCo Shares received in connection with the Contribution, the &#147;<U>Subject Securities</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, contemporaneously with the execution and delivery of this Shareholder Agreement, SPAC, the Company, New PubCo and Nuvini Merger Sub,
Inc., a Delaware corporation (&#147;<U>Merger Sub</U>&#148;), have entered into a Business Combination Agreement (as may be amended or modified from time to time pursuant to the terms thereof, the &#147;<U>Business Combination Agreement</U>&#148;),
dated as of the date hereof, pursuant to which, among other transactions, (a)&nbsp;the Company will become a direct, wholly-owned subsidiary of New PubCo pursuant to a contribution by the Company Shareholders of all the issued and outstanding equity
of the Company to New PubCo in exchange for newly issued New PubCo Ordinary Shares and (b)&nbsp;Merger Sub will merge with and into SPAC, with SPAC continuing as the surviving entity and a direct, wholly-owned subsidiary of Intermediate 2 (as
defined in the Business Combination Agreement), in each case, on the terms and conditions set forth therein; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, as an
inducement to Stockholder, the Company, Merger Sub, and New PubCo to enter into the Business Combination Agreement and to consummate the transactions contemplated thereby, the parties hereto desire to agree to certain matters as set forth herein.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, and intending to be legally bound hereby,
the parties hereto hereby agree as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>SHAREHOLDER SUPPORT AGREEMENT; COVENANTS </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.1 <U>Binding Effect of Business Combination Agreement</U>. Stockholder hereby acknowledges that Stockholder has read the
Business Combination Agreement and this Shareholder Agreement and has had the opportunity to consult with its tax and legal advisors. Stockholder shall be bound by and comply with Sections 7.4(b) (<I>Communications Plan</I>) and 7.11 (<I>No
Solicitation</I>) of the Business Combination Agreement (and any relevant definitions contained in any such Sections) as if Stockholder was an original signatory to the Business Combination Agreement with respect to such provisions. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.2 <U>No Transfer</U>. Stockholder hereby represents and covenants that,
during the period commencing on the date hereof and ending on the earliest of (a)&nbsp;the Merger Effective Time and (b)&nbsp;such date and time as the Business Combination Agreement shall be terminated in accordance with Section&nbsp;9.1
(Termination) thereof (the earlier of (a)&nbsp;and (b), the &#147;<U>Expiration Time</U>&#148;), Stockholder shall not, without the prior written consent of SPAC, directly or indirectly, (i)&nbsp;sell, assign, offer to sell, contract or agree to
sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, file (or participate in the filing of) a registration statement with the SEC (other than the Registration Statement /
Pro