SEC Contract Filing

Filing Date: 2021-01-15

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>d113824dex102.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:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">January&nbsp;11, 2021 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Athlon Acquisition Corp.
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c/o Causeway Media Partners </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">44 Brattle St. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cambridge, MA 02138 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Re:<U>&nbsp;Initial Public
Offering</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
letter (this &#147;<B><I>Letter Agreement</I></B>&#148;) is being delivered to you in accordance with the Underwriting Agreement (the &#147;<B><I>Underwriting Agreement</I></B>&#148;) entered into by and between Athlon Acquisition Corp., a Delaware
corporation (the &#147;<B><I>Company</I></B>&#148;)<I>,</I>&nbsp;and Jefferies LLC, as representative of the several underwriters (the &#147;<B><I>Underwriter</I></B>&#148;)<I>,</I>&nbsp;relating to an underwritten initial public offering (the
&#147;<B><I>Public Offering</I></B>&#148;)<I>,</I>&nbsp;of up to 27,600,000 of the Company&#146;s units (including up to 3,600,000 units that may be purchased to cover over-allotments, if any) (the &#147;<B><I>Units</I></B>&#148;), each comprised of
one share of the Company&#146;s Class&nbsp;A common stock, par value $0.0001 per share (the &#147;<B><I>Class</I></B><B><I></I></B><B><I>&nbsp;A Common Stock</I></B>&#148;)<I>,</I>&nbsp;and <FONT STYLE="white-space:nowrap">one-half</FONT> of one
redeemable warrant. Each whole warrant (each, a &#147;<B><I>Public Warrant</I></B>&#148;) entitles the holder thereof to purchase one share of Class&nbsp;A Common Stock at a price of $11.50 per share, subject to adjustment as described in the
Prospectus (as defined below). The Units will be sold in the Public Offering pursuant to a registration statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> and prospectus (the &#147;<B><I>Prospectus</I></B>&#148;) filed by the Company with
the U.S. Securities and Exchange Commission (the &#147;<B><I>Commission</I></B>&#148;) and the Company has applied to have the Units listed on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in paragraph 11 hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to induce the Company and the Underwriter to enter into the Underwriting Agreement and to proceed with the Public Offering and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of AAC HoldCo, LLC, a Delaware limited liability company (the &#147;<B><I>Sponsor</I></B>&#148;), and the undersigned individuals, each of whom
is a member of the Company&#146;s board of directors and/or management team (each of the undersigned individuals, an &#147;<B><I>Insider</I></B>&#148; and collectively, the &#147;<B><I>Insiders</I></B>&#148;)<I>,</I>&nbsp;hereby agrees with the
Company as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;The Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business
Combination, then in connection with such proposed Business Combination, it, he or she shall (i)&nbsp;vote any shares of Common Stock (as defined below) owned by it, him or her in favor of any proposed Business Combination and (ii)&nbsp;not redeem
any shares of Common Stock owned by it, him or her in connection with such stockholder approval. If the Company seeks to consummate a proposed Business Combination by engaging in a tender offer, the Sponsor and each Insider agrees that it, he or she
will not sell or tender any shares of Common Stock owned by it, him or her in connection therewith. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;The Sponsor and each Insider
hereby agrees that in the event that the Company fails to consummate a Business Combination within 24 months from the closing of the Public Offering, or such later period approved by the Company&#146;s stockholders in accordance with the
Company&#146;s certificate of incorporation (as it may be amended and/or restated from time to time, the &#147;<B><I>Charter</I></B>&#148;)<I>,</I>&nbsp;the Sponsor and each Insider shall take all reasonable steps to cause the Company to
(i)&nbsp;cease all operations except for the purpose of winding up, (ii)&nbsp;as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of the shares of Class&nbsp;A Common Stock sold as part of the Units in the
Public Offering (the &#147;<B><I>Offering Shares</I></B>&#148;)<I>,</I>&nbsp;at a <FONT STYLE="white-space:nowrap">per-share</FONT> price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account (as defined below),
including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Offering Shares,