SEC Contract Filing

Filing Date: 2021-01-20

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>6
<FILENAME>a20-32567_15ex10d2.htm
<DESCRIPTION>EX-10.2
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;"><font style="font-weight:bold;">Exhibit&nbsp;10.2</font><a name="Exhibit10_2_014537"></a></font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INVESTMENT MANAGEMENT TRUST AGREEMENT</font></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Investment Management Trust Agreement (this &#147;</font><b><i style="font-weight:bold;">Agreement</i></b>&#148;) is made effective as of January&nbsp;13, 2021 by and between Silver Crest Acquisition Corporation, a Cayman Islands exempted company (the &#147;<b><i style="font-weight:bold;">Company</i></b>&#148;), and Continental Stock Transfer&nbsp;&amp; Trust Company, a New York limited purpose trust company (the &#147;<b><i style="font-weight:bold;">Trustee</i></b>&#148;).</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Company&#146;s registration statement on Form&nbsp;S-1, File No.&nbsp;333-251655 (the &#147;</font><b><i style="font-weight:bold;">Registration Statement</i></b>&#148;) and prospectus (the &#147;<b><i style="font-weight:bold;">Prospectus</i></b>&#148;) for the initial public offering of the Company&#146;s units (the &#147;<b><i style="font-weight:bold;">Units</i></b>&#148;), each of which consists of one of the Company&#146;s Class&nbsp;A ordinary shares, par value $0.0001 per share (the &#147;<b><i style="font-weight:bold;">Ordinary Shares</i></b>&#148;), and one-half of one redeemable warrant, each whole warrant&nbsp;entitling the holder thereof to purchase one Ordinary Share (such initial public offering hereinafter referred to as the &#147;<b><i style="font-weight:bold;">Offering</i></b>&#148;), has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Company has entered into an Underwriting Agreement (the &#147;</font><b><i style="font-weight:bold;">Underwriting Agreement</i></b>&#148;) with UBS Securities LLC, as underwriter (the &#147;<b><i style="font-weight:bold;">Underwriter</i></b>&#148;) named therein; and</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, as described in the Prospectus, $300,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined in the Underwriting Agreement) (or $345,000,000 if the Underwriter&#146;s option to purchase additional units is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the &#147;</font><b><i style="font-weight:bold;">Trust Account</i></b>&#148;) for the benefit of the Company and the holders of the 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 &#147;<b><i style="font-weight:bold;">Property</i></b>,&#148; the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the &#147;<b><i style="font-weight:bold;">Public Shareholders</i></b>,&#148; and the Public Shareholders and the Company will be referred to together as the &#147;<b><i style="font-weight:bold;">Beneficiaries</i></b>&#148;); and</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, pursuant to the Underwriting Agreement, a portion of the Property equal to $10,500,000, or $12,075,000 if the Underwriter&#146;s option to purchase additional units is exercised in full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company to the Underwriter upon the consummation of the Business Combination (as defined below) (the &#147;</font><b><i style="font-weight:bold;">Deferred Discount</i></b>&#148;); and</p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">N