BUSINESS COMBINATION AGREEMENT* among Fintech Ecosystem Development Corp., Rachna Suneja, Ritscapital, LLC, Monisha Sahni and Monisha Sahni, as Member Representative Dated as of September 9, 2022Business Combination Agreement • September 13th, 2022 • Fintech Ecosystem Development Corp. • Blank checks • Delaware
This Business Combination Agreement dated as of September 9, 2022 (this “Agreement”) is among Fintech Ecosystem Development Corp., a Delaware corporation (“Acquiror”), Monisha Sahni of Flat No. 104, Sharjah Main City, Shk Majed Bin Saqr Al Qasimi St Sharjah – 500001 UNITED ARAB EMIRATES (“Sahni”), Rachna Suneja of 2470, Hudson Line, Kingsway Camp, GTB Nagar, Delhi – 110009 INDIA (“Suneja”) and Ritscapital, LLC, a limited liability company organized in the United Arab Emirates (“RITS” and collectively, the “Members”), and Sahni as representative of the Members (“Member Representative”). Capitalized terms used but not defined elsewhere herein have the meanings assigned to them in Section 1.01.
EMPLOYEE OPTIONHOLDER LOCK-UP, UNVESTED STOCK AND PROTECTIVE COVENANT AGREEMENTProtective Covenant Agreement • September 13th, 2022 • Fintech Ecosystem Development Corp. • Blank checks • Delaware
The undersigned signatory (the “Employee Optionholder”) of this lock-up, unvested stock and protective covenant agreement (this “Letter Agreement”) understands that Fintech Ecosystem Development Corp., a Delaware corporation (“FEDC”), is entering into the Business Combination Agreement (as the same may be amended from time to time, the “BCA”), dated as of the date hereof, with Monisha Sahni, Rachna Suneja and Ritscapital LLC, a limited liability company organized in the United Arab Emirates, pursuant to which, among other things, FEDC will purchase Mobitech International LLC, a limited liability company organized in the United Arab Emirates (the “Company”), with the Company continuing as a wholly-owned subsidiary of FEDC, upon the terms and subject to the conditions set forth in the BCA and in accordance with applicable law (the “Effective Time”).
EMPLOYEE STOCKHOLDER LOCK-UP AND PROTECTIVE COVENANT AGREEMENTAnd Protective Covenant Agreement • September 13th, 2022 • Fintech Ecosystem Development Corp. • Blank checks • Delaware
The undersigned signatory (the “Employee Stockholder”) of this lock-up and protective covenant agreement (this “Letter Agreement”) understands that Fintech Ecosystem Development Corp., a Delaware corporation (“FEDC”), is entering into the Business Combination Agreement (as the same may be amended from time to time, the “BCA”), dated as of the date hereof, with Fama Financial Services, Inc., a Georgia corporation and a wholly-owned subsidiary of FEDC (“Merger Sub”), and Rana Financial Inc., a Georgia corporation (the “Company”), pursuant to which, among other things, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity (the “Merger”) and as a wholly-owned subsidiary of FEDC, upon the terms and subject to the conditions set forth in the BCA and in accordance with applicable law (the “Effective Time”).
STOCKHOLDER LOCK-UP AGREEMENTStockholder Lock-Up Agreement • September 13th, 2022 • Fintech Ecosystem Development Corp. • Blank checks • Delaware
The undersigned signatory (the “Stockholder”) of this lock-up agreement (this “Letter Agreement”) understands that Fintech Ecosystem Development Corp., a Delaware corporation (“FEDC”), is entering into the Business Combination Agreement (as the same may be amended from time to time, the “BCA”), dated as of the date hereof, with Fama Financial Services, Inc., a Georgia corporation and a wholly-owned subsidiary of FEDC (“Merger Sub”), and Rana Financial Inc., a Georgia corporation (the “Company”), pursuant to which, among other things, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity (the “Merger”) and as a wholly-owned subsidiary of FEDC, upon the terms and subject to the conditions set forth in the BCA and in accordance with applicable law (the “Effective Time”).
