SEC Contract Filing

Filing Date: 2018-09-07

Document Content:
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<TYPE>EX-10.2
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<FILENAME>tv502224_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.5in">September 7, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Concrete Pumping Holdings Acquisition Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">c/o Industrea Acquisition Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">28 W. 44<SUP>th</SUP> Street, Suite 501</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">New York, New York 10036</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Attention: Tariq Osman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Email: tosman@argandequity.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Industrea Alexandria LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">28 W. 44<SUP>th</SUP> Street, Suite 501</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">New York, New York 10036</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Attention: Tariq Osman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Email: tosman@argandequity.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ladies and Gentlemen:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Reference is made to the
Agreement and Plan of Merger dated as of the date hereof (as amended, modified or supplemented from time to time, the &ldquo;<U>Merger
Agreement</U>&rdquo;), by and among Concrete Pumping Holdings Acquisition Corp., a Delaware corporation and wholly owned subsidiary
of Industrea (&ldquo;<U>Newco</U>&rdquo;), Industrea Acquisition Corp., a Delaware corporation (&ldquo;<U>Industrea</U>&rdquo;),
Concrete Pumping Intermediate Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Newco (&ldquo;<U>Concrete
Parent</U>&rdquo;), Concrete Pumping Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Concrete Parent (&ldquo;<U>Concrete
Merger Sub</U>&rdquo;), Industrea Acquisition Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Newco (&ldquo;<U>Industrea
Merger Sub</U>&rdquo;), Concrete Pumping Holdings, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;) and PGP Investors,
LLC, a Delaware limited liability company, in its capacity as the initial Holder Representative thereunder, pursuant to which,
among other things, and on the terms and subject to the conditions of the Merger Agreement, Concrete Merger Sub will merge with
and into the Company, with the Company surviving the merger and the Company will become an indirect wholly-owned subsidiary of
Newco (the &ldquo;<U>Merger</U>&rdquo;). Capitalized terms used herein and not defined herein shall have the meanings set forth
in the Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD><U>Conversion of Rollover ISOs and Contribution of Rollover Shares</U>.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The closing of the transactions
contemplated by this Agreement (the &ldquo;<U>Rollover Closing</U>&rdquo;) shall take place on the Closing Date immediately prior
to the earlier to occur of the Concrete Effective Time and the Industrea Effective Time.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">At the Rollover Closing,
the undersigned (the &ldquo;<U>Rollover Holder</U>&rdquo;) hereby acknowledges and agrees that, on the terms and subject to the
conditions of t