SEC Contract Filing

Filing Date: 2024-03-28

Document Content:
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<TYPE>EX-10.2
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<FILENAME>ex10-2.htm
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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>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.05pt">This
Registration Rights Agreement (this &ldquo;<B>Agreement</B>&rdquo;) is made and entered into as of _________, 2024, by and among (i) <B>OptimumBank
Holdings, Inc.</B> a Florida corporation (together with any successor entity thereto (the &ldquo;<B>Company</B>&rdquo;) and (ii) the several
purchasers signatory hereto (each a &ldquo;Purchaser&rdquo; and collectively, the &ldquo;<B>Purchasers</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: justify; text-indent: 0.5in">This Agreement is made
pursuant to the Subscription Agreement, dated as of the date listed into above, (the &ldquo;<I>Subscription Agreement</I>&rdquo;) between
the Company and each Purchaser.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the Company and each of the Purchasers agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">1.
<U>Definitions</U>. As used in this Agreement, the following terms shall have the following meanings:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><I>&ldquo;Accredited Investor Shares&rdquo;</I>
means the Shares initially sold by the Company to &ldquo;accredited investors&rdquo; (within the meaning of Rule 501(a) promulgated under
the Securities Act), as Participants.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><I>&ldquo;Advice&rdquo; shall have
the meaning set forth </I>in <U>Section 6(d)</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify; text-indent: 1in"><I>&ldquo;Affiliate&rdquo;</I>
shall mean, as to any specified Person, (i) any Person directly or indirectly owning, controlling or holding, with power to vote, ten
percent or more of the outstanding voting securities of such other Person, (ii) any Person, ten percent or more of whose outstanding voting
securities are directly or indirectly owned, controlled or held, with power to vote, by such other Person, (iii) any Person directly or
indirectly controlling, controlled by or under common control with such other Person, (iv) any executive officer, director, trustee or
general partner of such Person, or (v) any legal entity for which such Person acts as an executive officer, director, trustee or general
partner. An indirect relationship shall include circumstances in which a Person&rsquo;s spouse, children, parents, siblings or mother,
father, sister- or brother-in-law is or has been associated with a Person.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><I>&ldquo;Agreement&rdquo;</I> shall
have the meaning set forth in the preamble.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><I>&ldquo;Board of Directors&rdquo;</I>
shall mean the board of directors of the Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: justify; text-indent: 1in"><I>&ldquo;Business Day&rdquo;</I>
shall mean, with respect to any act to be performed hereunder, each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day
on which banking institutions in New York, New York or other applicable places where such act is to occur are authorized or obligated
by applicable law, regulation or executive order to close.</P>

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