EX-2.1 2 ea184111ex2-1_duneacq.htm FIRST AMENDMENT TO UNIT PURCHASE AGREEMENT, DATED AUGUST 22, 2023, BY AND AMONG DUNE ACQUISITION CORPORATION, GLOBAL GAS HOLDINGS LLC, GLOBAL HYDROGEN ENERGY LLC AND THE UNITHOLDERS OF GLOBAL HYDROGEN ENERGY LLC

Exhibit 2.1

 

FIRST AMENDMENT TO UNIT PURCHASE AGREEMENT

 

This FIRST AMENDMENT TO UNIT PURCHASE AGREEMENT (this “Amendment”), dated as of August 22, 2023, is entered into by and among (i) Dune Acquisition Corporation, a Delaware corporation (“SPAC”), (ii) Global Gas Holdings LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of SPAC (“Holdings”), (iii) Global Hydrogen Energy LLC, a Delaware limited liability company (the “Company”), (v) William Bennett Nance, Jr., an individual (“Nance”), (vi) Sergio Martinez, an individual (“S. Martinez”) and (vii) Barbara Guay Martinez, an individual (“B. Martinez”, and together with Nance and S. Martinez, the “Sellers”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Purchase Agreement (as defined below).

 

RECITALS

 

WHEREAS, on May 14, 2023, the parties hereto entered into the Unit Purchase Agreement (the “Purchase Agreement”).

 

WHEREAS, in accordance with Section 12.10 of the Purchase Agreement, the parties hereto desire to amend the terms of the Purchase Agreement as set forth herein.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

Section 1. Amendments to Purchase Agreement. The Purchase Agreement is hereby amended as set forth below in this Section 1.

 

(a) The definition of “Company Equity Value” in Article I of the Purchase Agreement is amended and restated to read in its entirety as follows:

 

Company Equity Value” means Forty Eight Million Dollars ($48,000,000).

 

Section 2. References to and Effect on the Purchase Agreement. Except as expressly amended by this Amendment, all of the terms, conditions and other provisions of the Purchase Agreement shall continue to be in full force and effect in accordance with their respective terms. No reference to this Amendment need be made in any instrument or document making reference to the Purchase Agreement, and any reference to the Purchase Agreement in any such instrument or document shall be deemed to refer to the Purchase Agreement as amended by this Amendment.

 

Section 3. Miscellaneous. All relevant provisions of Article XII (Miscellaneous) of the Purchase Agreement shall apply to this Amendment to the same extent as if set forth herein, mutatis mutandis.

 

[Signature Page(s) Follow]

 

 

 

 

IN WITNESS WHEREOF, the Parties have hereunto caused this Unit Purchase Agreement to be duly executed as of the date hereof.

 

  SPAC
   
  DUNE ACQUISITION CORPORATION
     
  By: /s/ Carter Glatt
  Name: Carter Glatt
  Title: Chief Executive Officer
     
  HOLDINGS
   
  GLOBAL GAS HOLDINGS LLC
     
  By: Dune Acquisition Corporation
     
  By: Its Sole Member
     
  By: /s/ Carter Glatt
  Name:  Carter Glatt
  Title: Chief Executive Officer

 

Signature Page to First Amendment to Purchase Agreement

 

 

 

IN WITNESS WHEREOF, the Parties have hereunto caused this Unit Purchase Agreement to be duly executed as of the date hereof.

 

  GLOBAL HYDROGEN ENERGY LLC
   
  By: /s/ William Nance
  Name:  William Nance
  Title: CEO
     
  SELLERS
     
  By: /s/ William Bennett Nance, Jr.
  Name: William Bennett Nance, Jr.
     
  By: /s/ Sergio Martinez
  Name: Sergio Martinez
     
  By: /s/ Barbara Guay Martinez
  Name: Barbara Guay Martinez

 

Signature Page to First Amendment to Purchase Agreement