SEC Contract Filing

Filing Date: 2021-03-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>6
<FILENAME>nt10019162x9_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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 <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.2</font><br>
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 <div style="text-align: center; font-weight: bold;">INVESTMENT MANAGEMENT TRUST AGREEMENT</div>
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 <div style="text-indent: 36pt;">This Investment Management Trust Agreement (this &#8220;<font style="font-weight: bold; font-style: italic;">Agreement</font>&#8221;) is made effective as of March 8, 2021, by and between Twin Ridge Capital Acquisition Corp. a
 Cayman Islands exempted company (the &#8220;<font style="font-weight: bold; font-style: italic;">Company</font>&#8221;), and Continental Stock Transfer &amp; Trust Company, a New York corporation (the &#8220;<font style="font-weight: bold; font-style: italic;">Trustee</font>&#8221;).</div>
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 <div style="text-indent: 36pt;">WHEREAS, the Company&#8217;s registration statement on Form S-1, File No. 333-252363 (the &#8220;<font style="font-weight: bold; font-style: italic;">Registration Statement</font>&#8221;) and prospectus (the &#8220;<font style="font-weight: bold; font-style: italic;">Prospectus</font>&#8221;) for the initial public offering of the Company&#8217;s units (the &#8220;<font style="font-weight: bold; font-style: italic;">Units</font>&#8221;), each of which consists of one of the Company&#8217;s Class A ordinary shares,
 par value $0.0001 per share (the &#8220;<font style="font-weight: bold; font-style: italic;">Ordinary Shares</font>&#8221;), and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Ordinary Share (such initial
 public offering hereinafter referred to as the &#8220;<font style="font-weight: bold; font-style: italic;">Offering</font>&#8221;), has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and</div>
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 <div style="text-indent: 36pt;">WHEREAS, the Company has entered into an Underwriting Agreement (the &#8220;<font style="font-weight: bold; font-style: italic;">Underwriting Agreement</font>&#8221;) with Barclays Capital Inc. and Evercore Group L.L.C., the
 underwriters (the &#8220;<font style="font-weight: bold; font-style: italic;">Underwriters</font>&#8221;) named therein; and</div>
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 <div style="text-indent: 36pt;">WHEREAS, as described in the Prospectus, $200,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined in the Underwriting Agreement) (or $230,000,000 if the Underwriter&#8217;s
 option to purchase additional units is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the &#8220;<font style="font-weight: bold; font-style: italic;">Trust
 Account</font>&#8221;) for the benefit of the Company and the holders of the Ordinary Shares 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 &#8220;<font style="font-weight: bold; font-style: italic;">Property</font>,&#8221; the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the &#8220;<font style="font-weight: bold; font-style: italic;">Public
 Shareholders</font>,&#8221; and the Public Shareholders and the Company will be referred to together as the &#8220;<font style="font-weight: bold; font-style: italic;">Beneficiaries</font>&#8221;); and</div>
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 <div style="text-indent: 36pt;">WHEREAS, pursuant to the Underwriting Agreement, a portion of the Property equal to $7,000,000, or $8,050,500 if the Underwriter&#8217;s option to purchase additional units is exercised in full, is attributable to deferred
 underwriting discounts and commissions that will be payable by the Company to the Underwriter upon the consummation of the Business Combination (as defined below) (the &#8220;<font style="font-weight: bold; font-style: italic;">Deferred Discount</font>&#8221;);
 and</div>
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 <div style="text-indent: 36pt;">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.</div>
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 <div style="text-indent: 36pt;">NOW THEREFORE, IT IS AGREED:</div>
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 <div style="text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <u>Agreements and Covenants of Trustee</u>. The Trustee hereby agrees and covenants to:</div>
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 <div style="text-indent: 72pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established by the Trustee in the United States
 at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100 billion or more) in the United States, maintained by Trustee and at a brokerage institution selected by the Trustee that is reasonably
 satisfactory to the Company;</div>
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 <div style="text-indent: 72pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#1