Exhibit 10.7


 





ASSIGNMENT, ASSUMPTION AND AMENDMENT AGREEMENT


 


among


 


ARTISAN ACQUISITION CORP.


 


PRENETICS GLOBAL LIMITED


 


and


 


CONTINENTAL STOCK TRANSFER & TRUST COMPANY


 


Dated September 15, 2021


 


THIS ASSIGNMENT, ASSUMPTION
AND AMENDMENT AGREEMENT (this “Agreement”), dated September 15, 2021, is made by and among Artisan Acquisition
Corp., a Cayman Islands exempted company (the “Company”), Prenetics Global Limited, a Cayman Islands exempted company
(“PubCo”), and Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (in such capacity,
the “Warrant Agent”) and amends the Warrant Agreement (the “Existing Warrant Agreement”), dated
May 13, 2021, by and between the Company and the Warrant Agent. Capitalized terms used but not defined herein shall have the meaning ascribed
to such terms in the Existing Warrant Agreement.


 


WHEREAS, as of the date hereof
and pursuant to the Existing Warrant Agreement, (i) the Company issued (a) 5,857,898 Private Placement Warrants to the Sponsor and (b)
5,131,770 Public Warrants; and (ii) the Company expects to issue (a) 1,500,000 Forward Purchase Warrants pursuant to the Forward Purchase
Agreements and (b) up to 6,179,629 Public Warrants upon separation of 18,538,889 Units issued and outstanding as of the date hereof.


 


WHEREAS, on the date of this
Agreement, the Company, PubCo, Prenetics Group Limited, AAC Merger Limited (“Merger Sub 1”) and PGL Merger Limited
entered into a business combination agreement (as amended, modified or supplemented from time to time, the “Business Combination
Agreement”);


 


WHEREAS, on the date of this
Agreement and in connection with the entry into the Business Combination Agreement, the Company, PubCo, Sponsor and the respective investors
entered into that certain deeds of novation and amendment to novate and amend the Forward Purchase Agreements, such that the respective
investors agreed to replace their commitments to purchase Ordinary Shares and Forward Purchase Warrants with the commitment to purchase
the Class A ordinary shares and warrants of PubCo pursuant to the terms and conditions of the respective novated and amended Forward Purchase
Agreements.


 


WHEREAS, all of the Warrants
are governed by the Existing Warrant Agreement;


 


WHEREAS, pursuant to the
Business Combination Agreement, the Company will merge with and into Merger Sub 1, with Merger Sub 1 surviving such merger as a wholly-owned
subsidiary of PubCo (the “Initial Merger”), and as a result of the Initial Merger, the holders of Ordinary Shares
of the Company shall become holders of Class A ordinary shares of PubCo (the “PubCo Class A Ordinary Shares”);


 






     


     


    

 


WHEREAS, upon consummation
of the Initial Merger, as provided in Section 4.5 of the Existing Warrant Agreement, the Warrants will no longer be exercisable for Ordinary
Shares but instead will be exercisable (subject to the terms of the Existing Warrant Agreement as amended hereby) for PubCo Class A Ordinary
Shares;


 


WHEREAS, the Board has determined
that the consummation of the transactions contemplated by the Business Combination Agreement will constitute a Business Combination;


 


WHEREAS, in connection with
the Initial Merger (as defined in the Business Combination Agreement), the Company desires to assign all of its right, title and interest
in the Existing Warrant Agreement to PubCo and PubCo wishes to accept such assignment; and


 


WHEREAS, Section 9.8
of the Existing Warrant Agreement provides that the Company and the Warrant Agent may amend the Existing Warrant Agreement without the
consent of any Registered Holders as the parties may deem necessary or desirable and that the parties deem shall not adversely affect
the rights of the Registered Holders under the Existing Warrant Agreement in any material respect.


 


NOW, THEREFORE, in consideration
of the mutual agreements herein contained, the parties hereto agree as follows:


 


		1.	Assignment and Assumption; Consent.



 


		1.1.	Assignment and Assumption. As of and with effect on and from the Initial Closing (as defined in
the Business Combination Agreement, the “Initial Closing”), the Company hereby assigns to PubCo all of the Company’s
right, title and interest in and to the Existing Warrant Agreement (as amended hereby); and PubCo hereby assumes, and agrees to pay, perform,
satisfy and discharge in full, as the same become due, all of the Company’s liabilities and obligations under the Existing Warrant
Agreement (as amended hereby) arising on, from and after the Initial Closing.



 


		1.2.	Consent. The Warrant Agent hereby consents to (i) the assignment of the Existing Warrant Agreement
by the Company to PubCo pursuant to Section 1.1 and the assumption of the Existing Warrant Agreement by PubCo from the Company
pursuant to Section 1.1, in each case effective as of the Initial Closing, and (ii) the continuation of the Existing Warrant Agreement
(as amended by this Agreement), in full force and effect from and after the Initial Closing.



 


		2.	Amendment of Existing Warrant Agreement. Effective as of the Initial Closing, the Company
and the Warrant Agent hereby amend the Existing Warrant Agreement as provided in this Section 2, and acknowledge and agree that
the amendments to the Existing Warrant Agreement set forth in this Section 2 (i) are necessary and desirable and do not adversely
affect the rights of the Registered Holders
under the Existing Warrant Agreement in any material respect and (ii) are to provide for the delivery of Alternative Issuance pursuant
to Section 4.5 of the Existing Warrant Agreement (in connection with the Initial Merger and the transactions contemplated by the Business
Combination Agreement).



 






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		2.1.	References to the “Company”. All references to the “Company” in the Existing
Warrant Agreement (including all Exhibits thereto) shall be references to PubCo.



 


		2.2.	References to Ordinary Shares. All references to “Ordinary Shares” in the Existing
Warrant Agreement (including all Exhibits thereto) shall be references to PubCo Class A Ordinary Shares.



 


		2.3.	References to Business Combination. All references to “Business Combination” in the
Existing Warrant Agreement (including all Exhibits thereto) shall be references to the transactions contemplated by the Business Combination
Agreement, and references to “the completion of the Business Combination” and all variations thereof in the Existing Warrant
Agreement (including all Exhibits thereto) shall be references to the Initial Closing.



 


		2.4.	Notice Clause. Section 9.2 of the Existing Warrant Agreement is hereby deleted and replaced with
the following:



 


“Notices. Any notice, statement
or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on PubCo shall be
sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five
(5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by PubCo with the Warrant
Agent), as follows:


 


Prenetics Global Limited

c/o Prenetics Limited, 7th Floor, K11 Atelier, 728 King’s Road, Quarry Bay, Hong Kong

Attn: Danny Yeung; Stephen Lo

Email: danny@prenetics.com; stephen.lo@prenetics.com


 


with a copy (which shall not constitute notice) to:


 


Skadden, Arps, Slate, Meagher & Flom LLP


42th Floor, Edinburgh Tower, The Landmark


15 Queen’s Road Central, Hong KongAttn: Jonathan B.
Stone; Peter X. Huang


Email: jonathan.stone@skadden.com; peter.huang@skadden.com


 


and


 


Kirkland & Ellis


26th Floor, Gloucester Tower, The Landmark


15 Queen’s Road Central, Hong Kong


Attention: Jesse Sheley; Joseph Raymond Casey; Ram Narayan


E-mail: jesse.sheley@kirkland.com; joseph.casey@kirkland.com;
ram.narayan@kirkland.com


 






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Any notice, statement or demand authorized
by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent shall be sufficiently
given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days
after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the PubCo),
as follows:


 


Continental Stock Transfer & Trust Company


One State Street, 30th Floor


New York, NY 10004


Attention: Compliance Department


 


		3.	Miscellaneous Provisions.



 


		3.1.	Effectiveness of the Amendment. Each of the parties hereto acknowledges and agrees that the effectiveness
of this Agreement shall be expressly subject to the occurrence of the Initial Merger and substantially contemporaneous occurrence of the
Initial Closing and shall automatically be terminated and shall be null and void if the Business Combination Agreement shall be terminated
for any reason.



 


		3.2.	Successors. All the covenants and provisions of this Agreement by or for the benefit of PubCo,
the Company or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns.



 


		3.3.	Applicable Law and Exclusive Forum. The validity, interpretation, and performance of this Agreement
shall be governed in all respects by the laws of the State of New York. Subject to applicable law, each of PubCo and the Company hereby
agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced
in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits
to such jurisdiction, which jurisdiction shall be exclusive forum for any such action, proceeding or claim. Each of PubCo and the Company
hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing,
the provisions of this paragraph will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other
claim for which the federal district courts of the United States of America are the sole and exclusive forum.



 


Any person or entity purchasing or
otherwise acquiring any interest in the Warrants shall be deemed to have notice of and to have consented to the forum provisions in this
Section 3.3. If any action, the subject matter of which is within the scope the forum provisions above, is filed in a court other
than a court located within the State of New York or the United States District Court for the Southern District of New York (a “foreign
action”) in the name of any warrant holder, such warrant holder shall be deemed to have consented to: (x) the personal jurisdiction
of the state and federal courts located within the State of New York or the United States District Court for the Southern District of
New York in connection with any action brought in any such court to enforce the forum provisions (an “enforcement action”),
and (y) having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder’s
counsel in the foreign action as agent for such warrant holder.


 






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		3.4.	Counterparts. This Agreement may be executed in any number of original or facsimile counterparts
and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission
shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.



 


		3.5.	Effect of Headings. The section headings herein are for convenience only and are not part of this
Agreement and shall not affect the interpretation thereof.



 


		3.6.	Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability
of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof.
Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a
part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and
enforceable.



 


[Signature Pages Follow]


 






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IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be duly executed as of the date first above written.


 


	 	ARTISAN ACQUISITION CORP.




 


		By:	/s/ Chen Yin Pan



		Name: Chen Yin Pan
		Title: Chief Executive Officer



 


[Signature Page to Assignment, Assumption and Amendment Agreement]


 






     


     


    

 


IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be duly executed as of the date first above written.


 


	 	PRENETICS GLOBAL LIMITED




 


		By:	/s/ Danny Yeung



		Name:  Danny Yeung
		Title: Director



 


[Signature Page to Assignment, Assumption and Amendment Agreement]


 






     


     


    

 


IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be duly executed as of the date first above written.


 


	 	CONTINENTAL STOCK TRANSFER &
	 	TRUST COMPANY, as Warrant Agent




 


		By:	/s/ Margaret B. Lloyd



		Name: Margaret B. Lloyd
		Title: Vice President







 


[Signature Page to Assignment, Assumption and Amendment Agreement]