SEC Contract Filing

Filing Date: 2018-03-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>7
<FILENAME>s109358_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2&nbsp;</B></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">STOCK ESCROW AGREEMENT, dated as of March 13, 2018 (&ldquo;<U>Agreement</U>&rdquo;),
by and among OPES ACQUISITION CORP., a Delaware corporation (&ldquo;<U>Company</U>&rdquo;), AXIS PUBLIC VENTURES S. DE R.L. DE
C.V., LION POINT CAPITAL, LB&amp;B S.A. DE C.V. and GONZALO GIL WHITE (collectively, the &ldquo;<U>Initial Stockholders</U>&rdquo;)
and CONTINENTAL STOCK TRANSFER &amp; TRUST COMPANY, a New York corporation (&ldquo;<U>Escrow Agent</U>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the Company has entered into an Underwriting
Agreement, dated March 13, 2018 (&ldquo;<U>Underwriting Agreement</U>&rdquo;), with EarlyBirdCapital, Inc. (the &ldquo;<U>Representative</U>&rdquo;)
acting as representative of the several underwriters (collectively, the &ldquo;<U>Underwriters</U>&rdquo;), pursuant to which,
among other matters, the Underwriters have agreed to purchase 10,000,000 units (&ldquo;<U>Units</U>&rdquo;) of the Company, plus
an additional 1,500,000 Units if the Representative exercises the over-allotment option in full. Each Unit consists of: (i) one
share of the Company&rsquo;s common stock, par value $0.0001 per share (&ldquo;<U>Common Stock</U>&rdquo;), and (ii) one warrant
(&ldquo;<U>Warrant</U>&rdquo;), each Warrant to purchase one share of Common Stock, all as more fully described in the Company&rsquo;s
final Prospectus, dated March 13, 2018 (&ldquo;<U>Prospectus</U>&rdquo;) comprising part of the Company&rsquo;s Registration Statement
on Form S-1 (File No. 333-223106) (&ldquo;<U>Registration Statement</U>&rdquo;) pursuant to the Securities Act of 1933, as amended,
declared effective on March 13, 2018 (&ldquo;<U>Effective Date</U>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the Initial Stockholders have agreed as a condition
of the sale of the Units to deposit their 2,875,000 shares of Common Stock of the Company in escrow as hereinafter provided.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the Company and the Initial Stockholders desire
that the Escrow Agent accept the shares, in escrow, to be held and disbursed as hereinafter provided.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Appointment
of Escrow Agent</U>. The Company and the Initial Stockholders hereby appoint the Escrow Agent to act in accordance with and subject
to the terms of this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject
to such terms.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Deposit
of Shares</U>. On or before the Effective Date, the Initial Stockholders have delivered to the Escrow Agent certificates (and applicable
stock powers, if requested by the Escrow Agent) representing such Initial Stockholders&rsquo; shares, to be held and disbursed
subject to the terms and conditions of this Agreement. The Initial Stockholders acknowledge that the certificates representing
such Initial Stockholders&rsquo; shares are legended to reflect the deposit of such shares under this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disbursement
of the Escrow Shares</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.82in">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Underwriters
do not exercise in full their over-allotment option to purchase up to an additional 1,500,000 Units of the Company within 45 days
of the date of the Prospectus (as described in the Underwriting Agreement), each Initial Stockholder agrees that the Escrow Agent
shall return to the Company for cancellation, at no cost, the number of Escrow Shares held by each such holder determined by multiplying
(a) the product of (i) 375,000, multiplied by (ii) a fraction, (x) the numerator of which is the number of Escrow Shares held by
each such holder, and (y) the denominator of which is the total number of Escrow Shares, by