SEC Contract Filing

Filing Date: 2021-11-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>8
<FILENAME>mana_ex10z2.htm
<DESCRIPTION>LETTER AGREEMENT
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>EXHIBIT 10.2</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">November 22, 2021</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">8 The Green</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Suite #12490</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dover, DE 19901</P>

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 <TD STYLE="width: 7%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Re:</FONT></TD>
 <TD STYLE="width: 93%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Initial Public Offering</U></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ladies and Gentlemen:</P>

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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 3pc"><FONT STYLE="font-family: Times New Roman, Times, Serif">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 among Mana Capital Acquisition Corp., a Delaware corporation (the
&ldquo;<B><I>Company</I></B>&rdquo;), and Ladenburg Thalmann &amp; Co., Inc., as representative (the &ldquo;<B><I>Representative</I></B>&rdquo;)
of the several underwriters (each, an &ldquo;<B><I>Underwriter</I></B>&rdquo; and collectively, the &ldquo;<B><I>Underwriters</I></B>&rdquo;),
relating to an underwritten initial public offering (the &ldquo;<B><I>Public Offering</I></B>&rdquo;), of 7,130,000 of the Company&rsquo;s
units (including up to 930,000 units that may be purchased to cover the Underwriters&rsquo; option to purchase additional units, if any)</FONT>&nbsp;
<FONT STYLE="font-family: Times New Roman, Times, Serif">(the &ldquo;<B><I>Units</I></B>&rdquo;), each comprised of (i) one share of the
Company&rsquo;s common stock, par value $0.00001 per share (the &ldquo;<B><I>Common Stock</I></B>&rdquo;), (ii) one half of one redeemable
warrant, (iii) one right to receive one-seventh of one share of Common Stock upon the consummation of an initial Business Combination
(the &ldquo;<B><I>Rights</I></B>&rdquo;). Each whole warrant (each, a &ldquo;<B><I>Warrant</I></B>&rdquo;) entitles the holder thereof
to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering
pursuant to a registration statement on Form S-1 (File No. 333-260360) and prospectus (the &ldquo;<B><I>Prospectus</I></B>&rdquo;) filed
by the Company with the U.S. Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) and the Company has applied
to have the Units listed on The Nasdaq Global Market. Certain capitalized terms used herein are defined in paragraph 11 hereof.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3pc">&#9;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, each of Mana Capital LLC (the &ldquo;<B><I>Sponsor</I></B>&rdquo;)
and the undersigned individuals, each of whom is a member of the Company&rsquo;s board of directors and/or the Company&rsquo;s management
team (each, an &ldquo;<B><I>Insider</I></B>&rdquo; and collectively, the &ldquo;<B><I>Insiders</I></B>&rdquo;), hereby agrees with the
Company as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3pc">1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business Combination, then in connection
with such proposed Business Combination, it, he or she shall (i) vote any shares of Capital Stock owned by it, him or her in favor of
any proposed Business Combination and (ii) not redeem any shares of Common Stock owned by it, him or her in connection with such stockholder
approval. If the Company engages in a tender offer in connection with any proposed Business Combination, the Sponsor and each Insider
agrees that it, he or she will not seek to sell its, his or her shares of Capital Stock to the Company in connection with s