SEC Contract Filing

Filing Date: 2019-03-13

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>6
<FILENAME>d720780dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INVESTMENT MANAGEMENT TRUST AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Investment Management Trust Agreement (this &#147;<B>Agreement</B>&#148;) is made effective as of March&nbsp;7, 2019, by and between
Crescent Acquisition Corp, a Delaware corporation (the &#147;<B>Company</B>&#148;), and Continental Stock Transfer&nbsp;&amp; Trust Company, a New York corporation (the &#147;<B>Trustee</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company&#146;s registration statement on Form <FONT STYLE="white-space:nowrap">S-1,</FONT> Registration Statement <FONT
STYLE="white-space:nowrap">No.&nbsp;333-229718</FONT> (the &#147;<B>Registration Statement</B>&#148;) and prospectus (the &#147;<B>Prospectus</B>&#148;) for the initial public offering of the Company&#146;s units (the &#147;<B>Units</B>&#148;), each
of which consists of one share of the Company&#146;s Class&nbsp;A Common Stock, par value $0.0001 per share (the &#147;<B>Common Stock</B>&#148;), and <FONT STYLE="white-space:nowrap">one-half</FONT> of one redeemable warrant, each warrant entitling
the holder thereof to purchase one share of Common Stock (such initial public offering hereinafter referred to as the &#147;<B>Offering</B>&#148;), has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has entered into an Underwriting Agreement (the &#147;<B>Underwriting Agreement</B>&#148;) with Credit Suisse
Securities (USA) LLC and Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated, as representatives (the &#147;<B>Representatives</B>&#148;) of the several underwriters named therein (the &#147;<B>Underwriters</B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, as described in the Registration Statement, an aggregate of $250,000,000 from the proceeds of the Offering and sale of the Private
Placement Warrants (as defined in the Underwriting Agreement) (or $287,500,000 if the Underwriters&#146; over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located in
the United States (the &#147;<B>Trust Account</B>&#148;) for the benefit of the Company and the holders of shares of the Common Stock included in the Units issued in the Offering as hereinafter provided (the amount to be delivered to the Trustee
(and any interest subsequently earned thereon) is referred to herein as the &#147;<B>Property</B>,&#148; the stockholders for whose benefit the Trustee shall hold the Property will be referred to as the &#147;<B>Public Stockholders</B>,&#148; and
the Public Stockholders and the Company will be referred to together as the &#147;<B>Beneficiaries</B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to
the Underwriting Agreement, a portion of the Property equal to $8,750,000 (or up to $10,062,500 if the Underwriters&#146; over-allotment option is exercised in full) is attributable to deferred underwriting discounts and commissions that may be
payable by the Company to the Underwriters upon the consummation of the Business Combination (as defined below) (the &#147;<B>Deferred Discount</B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee
shall hold the Property. </P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">NOW</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">THEREFORE, IT IS AGREED: </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Agreements and Covenants of Trustee</U>. The Trustee hereby agrees and covenants to: </P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust
Account established by the Trustee at a branch office of JP Morgan Chase Bank, N.A. located in the United States and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company; </P></TD></TR></TABLE>
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