SEC Contract Filing

Filing Date: 2023-10-23

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>d571175dex102.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:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SUPPORT AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
Support Agreement (this &#147;<U>Agreement</U>&#148;), dated as of October&nbsp;22, 2023, is entered into by and among EngageSmart, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), the undersigned stockholders (collectively, the
&#147;<U>Stockholders</U>&#148; and each, a &#147;<U>Stockholder</U>&#148;) and Icefall Parent, LLC, a Delaware limited liability company (&#147;<U>Parent</U>&#148;). Capitalized terms used but not defined herein shall have the meanings given to
them in the Merger Agreement (as defined below). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrently with the execution and delivery of this Agreement, (i)&nbsp;the Company, (ii)&nbsp;Parent and (iii)&nbsp;Icefall Merger
Sub, Inc., a Delaware corporation and a wholly owned Subsidiary of Parent (&#147;<U>Merger Sub</U>&#148;), are entering into an Agreement and Plan of Merger (as may be amended from time to time, the &#147;<U>Merger Agreement</U>&#148;), which
provides for the merger of Merger Sub with and into the Company (the &#147;<U>Merger</U>&#148;) with the Company surviving the Merger as a wholly owned subsidiary of Parent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, as of the date hereof, each Stockholder is the record and/or &#147;beneficial owner&#148; (within the meaning of Rule <FONT
STYLE="white-space:nowrap">13d-3</FONT> under the Exchange Act) of the number of shares of Common Stock, par value $0.001 per share, of the Company (as adjusted pursuant to Section&nbsp;10, the &#147;<U>Common Stock</U>&#148;) set forth opposite the
Stockholder&#146;s name on <U>Exhibit A</U> hereto under the heading &#147;Owned Shares&#148;, being all of the shares of Common Stock owned of record or beneficially by the Stockholder as of the date hereof (as adjusted pursuant to Section&nbsp;10,
collectively, the &#147;<U>Owned Shares</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, as a condition to the willingness of the Company and Parent to enter into
the Merger Agreement and as an inducement and in consideration therefor, the Company and Parent have required that the Stockholders, and the Stockholders have agreed to, enter into this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound
hereby, the Stockholders, the Company and Parent hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Agreement to Vote the Covered Shares; Proxy</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">1.1 Beginning on the date hereof until the Termination Date (as defined below), at every meeting of the Company&#146;s stockholders, including
any postponement, recess or adjournment thereof, or in any other circumstance, however called, each Stockholder, severally and not jointly, agrees to, and if applicable, to cause its controlled Affiliates to, affirmatively vote (including via proxy)
or execute consents, in each case, no later than 10 Business Days following the date on which the definitive Proxy Statement is first filed with the SEC with respect to (or cause to be voted (including via proxy) or consents to be executed with
respect to) and not to withdraw or modify any such vote or consent with respect to, all of the Owned Shares and any additional shares of Common Stock or other voting securities of the Company acquired by such Stockholder or its respective controlled
Affiliates after the date hereof and prior to the Termination Date (as adjusted pursuant to Section&nbsp;10, collectively, and together with the Owned Shares, the &#147;<U>Covered Shares</U>&#148;) as follows: (a)&nbsp;in favor of (i)&nbsp;the
adoption of the Merger Agreement and the </P>
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approval of the Merger, including any amended and restated Merger Agreement or amendment to the Merger Agreement that, in any such case, increases the Per Share Price or otherwise results in the
Merger Agreement being objectively more economically favorable to the Company Stockholders than the Merger Agreement in effect as of the date of this Agreement (<U>provided</U>, that any amendment and restatement to the Merger Agreement or amendment
to the Merger Agreement that reduces the Per Share Price, changes the form of consideration being offered to Company Stockholders under the Merger Agreement or materially delays the timing of any such payment shall be deemed to be less economically
favorable to the Company Stockholders than the Merger Agreement in effect as of the