SEC Contract Filing

Filing Date: 2023-01-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm234324d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">VOTING AND NON-REDEMPTION AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This VOTING AND NON-REDEMPTION
AGREEMENT (this &#8220;<B>Agreement</B>&#8221;) is entered into as of [&#8226;], 2023 by and between Seaport Global Acquisition II Corp.,
a Delaware corporation (&#8220;<B>SPAC</B>&#8221;), and the undersigned shareholder of SPAC (&#8220;<B>Shareholder</B>&#8221;), and with
respect to <U>Section 7</U> and <U>8</U>, Seaport Global SPAC II, LLC, a Delaware limited liability company (the &#8220;<B>Sponsor</B>&#8221;).
SPAC and Shareholder are collectively referred to herein as the &#8220;<B>Parties</B>&#8221; and individually as a &#8220;<B>Party</B>.&#8221;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Shareholder is the
record and &#8220;beneficial owner&#8221; (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the
 &#8220;<B>Exchange Act</B>&#8221;)) of Class A common stock, par value $0.0001 per share (&#8220;<B>Common Stock</B>&#8221;), of SPAC
and has agreed to subject the number of Common Stock set forth on the signature page hereto to the terms of this Agreement (such shares
being referred to herein as the &#8220;<B>Securities</B>&#8221;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, SPAC desires to extend
the date by which SPAC has to complete an initial business combination from February 19, 2023 to August 19, 2023 (the &#8220;<B>Extension</B>&#8221;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, SPAC has filed with
the Securities and Exchange Commission a proxy statement to solicit proxies for a special meeting to be held in February 2023 to approve
the Extension (the &#8220;<B>Approval</B>&#8221;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the amended and restated
certificate of incorporation (the &#8220;<B>Charter</B>&#8221;) of SPAC provides Shareholder with certain rights to redeem its shares
of Common Stock in connection with the Approval (the &#8220;<B>Redemption Rights</B>&#8221;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, in order to support
the approval of the Extension, Shareholder has agreed to enter into this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises, covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties hereto hereby agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Agreement not to Redeem</U>. Shareholder irrevocably and unconditionally hereby (a) agrees that Shareholder shall not exercise
Redemption Rights and will not elect to redeem or otherwise tender or submit for redemption any of its Securities pursuant to or in connection
with the Approval, and (b) waives, the Redemption Rights in connection with the Approval; <I>provided, howeve</I>r, if the number of shares
of Common Stock of SPAC continuing to be held by Shareholder pursuant to the terms of this Agreement would cause Shareholder (together
with any of its affiliates (as such term is defined in Rule 13d-5 under the Exchange Act of 1934, as amended (the &#8220;<B>Exchange Act</B>&#8221;))
to beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act) more than 9.99% of Common Stock outstanding after giving
effect to all redemptions of shares of Common Stock in connection with the Extension, SPAC shall use commercially reasonable efforts to
assist Shareholder such that Shareholder will beneficially own 9.99% or less of the shares of Common Stock outstanding after giving effect
to all redemptions of shares of Common Stock in connection with