SEC Contract Filing

Filing Date: 2021-02-22

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>d141968dex102.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="center"><B>INVESTMENT MANAGEMENT TRUST AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Investment Management Trust Agreement (this &#147;Agreement&#148;) is made effective as of February&nbsp;19, 2021 by and between ABG
Acquisition Corp. I, a Cayman Islands exempted company (the &#147;Company&#148;), and Continental Stock Transfer&nbsp;&amp; Trust Company, a New York corporation (the &#147;Trustee&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company&#146;s registration statement on Form <FONT STYLE="white-space:nowrap">S-1,</FONT> File
<FONT STYLE="white-space:nowrap">No.&nbsp;333-252621</FONT> (the &#147;Registration Statement&#148;) and prospectus (the &#147;Prospectus&#148;) for the initial public offering of the Company&#146;s Class&nbsp;A ordinary shares, par value $0.0001
per share (the &#147;Ordinary Shares&#148;), has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has entered into an Underwriting Agreement (the &#147;Underwriting Agreement&#148;) with Jefferies LLC, as representative
(the &#147;Representative&#148;) of the several underwriters (the &#147;Underwriters&#148;) named therein; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, as described in
the Prospectus, $131,000,000 of the gross proceeds of the Offering and sale of the Private Placement Shares (as defined in the Underwriting Agreement) (or up to $150,650,000 if the Underwriters&#146; option to purchase additional shares 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 &#147;Trust Account&#148;) for the benefit of the Company and the holders of the Ordinary Shares 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 &#147;Property,&#148; the shareholders for whose benefit the Trustee shall hold the
Property will be referred to as the &#147;Public Shareholders,&#148; and the Public Shareholders and the Company will be referred to together as the &#147;Beneficiaries&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the Underwriting Agreement, a portion of the Property equal to $4,585,000, or $5,272,750 if the Underwriters&#146; option
to purchase additional shares 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
&#147;Deferred Discount&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, IT IS AGREED: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Agreements and Covenants of Trustee</U>. The Trustee hereby agrees and covenants to: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;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&nbsp;billion or more) in the United States, maintained by the Trustee and at a
brokerage institution selected by the Trustee that is reasonably satisfactory to the Company; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Manage, supervise and administer the Trust Account subject to the
terms and conditions set forth herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;In a timely manner, upon the written instruction of the Company, invest
and reinvest the Property in United States government securities within the meaning of Section&nbsp;2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or less, or in money market funds meeting the conditions of
paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule <FONT STYLE="white-space:nowrap">2a-7</FONT> promulgated under the Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury
obligations, as determined by the Company; the Trustee may not invest in any other securities or assets, it bein