SEC Contract Filing

Filing Date: 2022-05-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>7
<FILENAME>ea159305ex10-2_climaterock.htm
<DESCRIPTION>INVESTMENT MANAGEMENT TRUST AGREEMENT, DATED APRIL 27, 2022, BY AND BETWEEN THE COMPANY AND CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS TRUSTEE
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 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: center"><B>INVESTMENT MANAGEMENT TRUST AGREEMENT</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: left; text-indent: 0.5in">This Investment Management
Trust Agreement (this &ldquo;<B>Agreement</B>&rdquo;) is made effective as of April 27, 2022, by and between ClimateRock, a Cayman Islands
exempted company (the &ldquo;<B>Company</B>&rdquo;), and Continental Stock Transfer&nbsp;&amp; Trust Company, a New York corporation (the
&ldquo;<B>Trustee</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS</B>, the Company&rsquo;s
registration statement on Form&nbsp;S-1, File No.&nbsp;333-263542 (the &ldquo;<B>Registration Statement</B>&rdquo;) and prospectus (the
&ldquo;<B>Prospectus</B>&rdquo;) for the initial public offering of the Company&rsquo;s units (the &ldquo;<B>Units</B>&rdquo;), each of
which consists of one of the Company&rsquo;s Class&nbsp;A ordinary shares, par value $0.0001 per share (the &ldquo;<B>Class A</B>&nbsp;<B>Ordinary
Shares</B>&rdquo;), one right that entitles the holder thereof to receive one-tenth (1/10) of one Class A Ordinary Share upon the Company&rsquo;s
initial business combination (the &ldquo;<B><I>Right</I></B>&rdquo;) and one-half of one redeemable warrant exercisable to purchase one
Class A Ordinary Share at a price of $11.50 per share upon the consummation of the Company&rsquo;s initial business combination (such
initial public offering hereinafter referred to as the &ldquo;<B>Offering</B>&rdquo;), has been declared effective as of the date hereof
by the U.S. Securities and Exchange Commission; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS</B>, the Company
has entered into an Underwriting Agreement (the &ldquo;<B>Underwriting Agreement</B>&rdquo;) with Maxim Group LLC as representative (the
&ldquo;<B>Representative</B>&rdquo;) of the several underwriters (the &ldquo;<B>Underwriters</B>&rdquo;) named therein; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS</B>, the Company
initially has 12 months from the consummation of the IPO (the &ldquo;<B>Initial Period</B>&rdquo;) to consummate an initial business combination
(as described in the Registration Statement, a &ldquo;<B>Business Combination</B>&rdquo;); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS</B>, if a Business
Combination is not consummated within the Initial Period, U.N. SDG Support LLC, a Delaware limited liability company (the &ldquo;<B>Sponsor</B>&rdquo;)
may extend such period up to two times, each by a three-month period (each, an &ldquo;<B>Extension</B>&rdquo;), by depositing $750,000
(or $862,500 if the underwriters&rsquo; over-allotment&nbsp;option is exercised in full), $0.10 per public share in any case, into the
Trust Account (as defined below) on or prior to the date of the applicable deadline, for each of the two available three month extensions
(each, an &ldquo;<B>Applicable Deadline</B>&rdquo;) providing a total possible business combination period of 18&nbsp;months at a total
payment value of $1,500,000 (or $1,725,000 if the underwriters&rsquo; over-allotment&nbsp;option is exercised in full);&nbsp;and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS</B>, as described
in the Prospectus, $76,125,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined in the Underwriting
Agreement) (or $87,543,750 if the Underwriters&rsquo; over-allotment option is exercised in full) will be delivered to the Trustee to
be deposited and held in a trust account located at all times in the United States (the &ldquo;<B>Trust Account</B>&rdquo;) for the benefit
of the Company and the holders of Class A Ordinary Shares included in the Units issued in the Offering as hereinafter provided (the amount
to be delivered to the Trustee (and any interest subsequently earned thereon) is referred to herein as the &ldquo;<B>Property,</B>&rdquo;
the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the &ldquo;<B>Public Shareholders,</B>&rdquo;
and the Public Shareholders and the Company will be referred to together as the &ldquo;<B>Beneficiaries</B>&rdquo;); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS</B>, pursuant to
the Un