SEC Contract Filing

Filing Date: 2022-05-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ex10x1.htm
<DESCRIPTION>LOCK-UP AGREEMENT
<TEXT>
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-size: 10pt">Exhibit 10.1</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>LOCK-UP AGREEMENT</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">THIS
LOCK-UP AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;) is dated as of [<FONT STYLE="font-family: Symbol">&#183;</FONT>], 2022, by and
between the stockholder of Cardio Diagnostics, Inc. set forth on the signature page to this Agreement (the &#8220;<U>Holder</U>&#8221;)
and Mana Capital Acquisition Corp., a Delaware corporation (the &#8220;<U>Parent</U>&#8221;). Capitalized terms used and not otherwise
defined herein shall have the meanings given such terms in the Merger Agreement (as defined below).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>BACKGROUND</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">A.
The Parent has entered into that certain Merger Agreement and Plan of Reorganization, dated as of May 27, 2022, as amended (the &ldquo;<U>Merger
Agreement</U>&rdquo;), by and among the Parent, Cardio Diagnostics, Inc. (the &ldquo;<U>Company</U>&rdquo;), Mana Merger Sub Inc., a
wholly-owned subsidiary of Parent (&ldquo;<U>Merger Sub</U>&rdquo;), and Meeshanthini (Meesha) Dogan, as the representative of the stockholders
of the Company. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">B.
The Merger Agreement provides for, among other things, the merger of Merger Sub with and into the Company (&ldquo;<U>Merger</U>&rdquo;)
and the conversion of shares of Company Common Stock into the right to receive the Per Share Merger Consideration, in the amounts for
each Stockholder set forth in the schedules to the Merger Agreement. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">C.
Each Holder is either (A) the record and/or beneficial owner of shares of common stock of the Company or (B) contractually entitled to
receive shares of common stock of the Company and is therefore entitled to receive Per Share Merger Consideration pursuant to the Merger
Agreement at the effective time of the Merger. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">D.
As a condition of, and as a material inducement for the Parent to enter into and consummate the transactions contemplated by the Merger
Agreement, the Holder has agreed to execute and deliver this Agreement. </FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW,
THEREFORE, for and in consideration of the mutual covenants and agreements set forth herein, and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>AGREEMENT</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">1.
</FONT><FONT STYLE="font-size: 10pt"><U>Lock-Up</U>. </FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(a)
</FONT><FONT STYLE="font-size: 10pt">During the Lock-up Period (as defined below), the Holder irrevocably agrees that it, he or she will
not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any of the Lock-up Shares (as defined below)
(including any securities convertible into, or exchangeable for, or representing the rights to receive, Lock-up Shares), enter into a
transaction that would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part,
any of the economic consequences of ownership of such Lock-up Shares, whether any of these transactions are to be settled by delivery
of any such Lock-up Shares, in cash or otherwise, publicly disclose the intention to make any offer, sale, pledge or disposition, or
to enter into any transaction, swap, hedge or other arrangement, or engage in any Short Sales (as defined below) with respect to any
security of the Parent.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(b)
</FONT><FONT STYLE="font-size: 10pt">In furtherance of the foregoing, the Parent will (i) place an irrevocable stop order on all sh