SEC Contract Filing

Filing Date: 2020-11-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>ea129702ex10-2_newborn.htm
<DESCRIPTION>PURCHASE AND OPTION AGREEMENT DATED NOVEMBER 11, 2020
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 10.2</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">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>PURCHASE AND OPTION AGREEMENT</U></P>

<P STYLE="font: bold 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: justify; text-indent: 0.5in">This Purchase and Option
Agreement (this &ldquo;<U>Agreement</U>&rdquo;), dated November [&bull;], 2020, is made by and between EDF Renewables, Inc. (&ldquo;<U>Seller</U>&rdquo;)
and NB Merger Corp. (the &ldquo;<U>Company</U>&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A. The Company is party
to a Merger Agreement (the &ldquo;<U>Merger Agreement</U>&rdquo;), dated as of the date hereof, by and among Newborn Acquisition
Corp. (&ldquo;<U>Newborn</U>&rdquo;), the Company, a wholly owned subsidiary of Newborn, Nuvve Merger Sub Inc. (&ldquo;<U>Merger
Sub</U>&rdquo;), a wholly owned subsidiary of the Company, Nuvve Corporation (&ldquo;<U>Nuvve</U>&rdquo;) and Ted Smith, as the
representative of the stockholders of Nuvve, pursuant to which (i) the Company will merge with Newborn, with the Company surviving
the merger and the security holders of Newborn becoming security holders of the Company, and (ii) Nuvve will merge with Merger
Sub (the &ldquo;<U>Acquisition Merger</U>&rdquo;), with Nuvve surviving as a wholly owned subsidiary of the Company and the security
holders of Nuvve becoming security holders of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B. Seller is the owner
of 8,286,421 shares of Series A preferred stock, par value $0.0001 per share, of Nuvve, which automatically will convert into 8,286,421
shares of common stock, par value $0.0001 per share, of Nuvve immediately prior to the consummation of the Acquisition Merger (the
&ldquo;<U>Nuvve Shares</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">C. Upon consummation
of the Acquisition Merger, the Nuvve Shares will be exchanged for shares (the &ldquo;<U>Merger Shares</U>&rdquo;) of common stock,
par value $0.0001 per share, of the Company (the &ldquo;<U>Common Stock</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">C. Seller desires to
sell to the Company $6,000,000 of the Merger Shares immediately after the consummation of the Acquisition Merger, and the Company
further desires grant to the Seller a put option entitling the Seller to sell an additional $2,000,000 of the Merger Shares to
the Company commencing three months after the consummation of the Acquisition Merger, in each case subject to the terms and conditions
of this Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">It is hereby agreed:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. <U>Initial Purchase
and Sale of Shares</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) Subject to the terms
and conditions herein, Seller hereby agrees to sell to the Company, and the Company hereby agrees to purchase from the Seller,
600,000 of the Merger Shares (the &ldquo;<U>Initial Shares</U>&rdquo;) for $10.00 per Share, or an aggregate of $6,000,000, in
cash (the &ldquo;<U>Initial Sale Purchase Price</U>&rdquo;), immediately after the consummation of the Acquisition Merger. The
number of Initial Shares and the Initial Sale Purchase Price shall be equitably adjusted for any stock split, reverse stock split,
stock combination, stock dividend or other similar transaction affecting the Common Stock as a whole or the ordinary shares, par
value $0.0001 per share, of Newborn as a whole.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P S