SEC Contract Filing

Filing Date: 2022-04-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>8
<FILENAME>yottaacq_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INVESTMENT
MANAGEMENT TRUST AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Investment Management Trust Agreement (this &#8220;Agreement&#8221;) is made effective as of April&nbsp;19, 2022 by and between
Yotta Acquisition Corporation (the &#8220;Company&#8221;) and Continental Stock Transfer &amp; Trust Company, as trustee (the
&#8220;Trustee&#8221;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Company&#8217;s registration statement on Form S-1, No. 333-3374167 (&#8220;Registration Statement&#8221;), for its initial
public offering of securities (&#8220;IPO&#8221;) has been declared effective as of the date hereof (&#8220;Effective Date&#8221;)
by the U.S. Securities and Exchange Commission (capitalized terms used herein and not otherwise defined shall have the meanings
set forth in the Registration Statement); and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Chardan Capital Markets, LLC (&#8220;Chardan&#8221;) is acting as the representative of the underwriters in the IPO; and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
simultaneously with the IPO, Yotta Investment LLC, the Company&#8217;s sponsor and Chardan will be purchasing 313,500 (or 343,500
if the overallotment is exercised in full) private units (&#8220;Private Placement Units&#8221;) at $10.00 per private unit (for
a total purchase price of $3,135,000 or $3,435,000 if the overallotment is exercised in full).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
as described in the Registration Statement, and in accordance with the Company&#8217;s Amended and Restated Certificate of Incorporation,
as the same may be amended from time to time (the &#8220;Charter&#8221;), $100,000,000 of the gross proceeds of the IPO and sale
of the Private Placement Units ($115,000,000 if the underwriters&#8217; over-allotment option 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 &#8220;Trust
Account&#8221;) for the benefit of the Company and the holders of the Company&#8217;s shares of common stock, par value $0.0001
per share (&#8220;Common Stock&#8221;), issued in the IPO as hereinafter provided (the amount to be delivered to the Trustee will
be referred to herein as the &#8220;Property&#8221;; the stockholders for whose benefit the Trustee shall hold the Property will
be referred to as the &#8220;Public Stockholders,&#8221; and the Public Stockholders and the Company will be referred to together
as the &#8220;Beneficiaries&#8221;); and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
pursuant to the Underwriting Agreement, a portion of the Property equal to $3,500,000, or $4,025,000 if the underwriters&#8217;
over-allotment option is exercised in full, is attributable to deferred underwriting discounts and commissions that may become
payable by the Company to the underwriters upon the consummation of an initial business combination (as described in the Registration
Statement, a &#8220;Business Combination&#8221;); and</FONT></P>

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