Exhibit 10.7


 


byNordic Acquisition Corporation


c/o Water by Nordic AB


c/o Pir 29


Einar Hansens Esplanad 29


211 13 Malmö


Sweden


 


[_______], 2021


 


byNordic Holdings LLC


c/o byNordic Manager LLC


407 Campbell Road


Wilmington, DE 19807


Attention: Thomas Fairfield


 


Re: Securities Purchase Agreement
(byNordic Holdings LLC)


 


Ladies and Gentlemen:


 


This agreement (the “Agreement”)
is entered into on the date hereof by and between byNordic Acquisition Corporation, a Delaware corporation that is a blank check company
formed for the purposes of acquiring one more businesses or entities, as the seller (the “Seller”, “we”
or “us”), and byNordic Holdings LLC, a Delaware limited liability company, as the purchaser (the “Purchaser”
or “you”). Pursuant to the terms hereof, the Seller hereby agrees to sell to the Purchaser, and the Purchaser hereby
agrees to purchase from the Seller, 275,000 shares of the Class A common stock, $0.0001 par value per share, of the Seller (the “Private
Shares”), up to 22,500 of which are subject to forfeiture by the Purchaser to the extent that the underwriters of the initial
public offering (the “IPO”) of the units of the Seller (the “Units”), each consisting of one share
of the Class A common stock, $0.0001 par value per share, of the Seller, and one-half of
one redeemable warrant of the Seller, do not fully exercise their over-allotment option (the “Over-allotment Option”).
The forfeiture of up to 22,500 of the Private Shares if the underwriters of the IPO of the Units do not fully exercise the Over-allotment
Option shall occur in the manner described in the Seller’s registration statement on Form S-1 (File No. 333-248488) (such registration
statement, as it may be amended from time to time, the “Registration Statement”) filed by the Seller with the U.S.
Securities and Exchange Commission in connection with the IPO. The Seller and the Purchaser’s agreements regarding the Private Shares
are as follows:


 


1. Purchase
of Private Shares.


 


1.1. Purchase of Private
Shares. For an aggregate purchase price of $2,750,000 (the “Purchase Price”) to be paid by wire transfer
of immediately available funds to or at the direction of the Seller in accordance with wiring instructions to be provided by the
Seller on such business day that is designated by the Seller in writing to the Purchaser upon at least three (3) business
days’ prior written notice that shall occur following the pricing and not later than the closing of the IPO (the “Closing
Date”), the Seller hereby sells and transfers the Private Shares to the Purchaser, and the Purchaser hereby purchases the
Private Shares from the Seller, subject to forfeiture as described herein, on the terms and subject to the conditions set forth in
this Agreement. The payment of the Purchase Price to the Seller on the Closing Date shall
occur substantially concurrently with the funding of the purchase prices contemplated under (i) that certain letter agreement, dated [   ], 2021 (the “Subscription Agreement (ASJC Global LLC – Series 9)”), entered into
between the Purchaser, as the seller thereunder, and ASJC Global LLC – SERIES 9, as the purchaser thereunder, and (ii) that
certain letter agreement, dated  [   ], 2021 (the “Subscription Agreement (Cohen Sponsor LLC – A 9
RS)” and, together with the Subscription Agreement (ASJC Global LLC – Series 9), the “Subscription
Agreements”), entered into between the Purchaser, as the seller thereunder, and Cohen Sponsor LLC – A 9 RS, as
the purchaser thereunder, pursuant to which the purchasers thereunder shall purchase limited liability company interests of the
Purchaser representing indirect interests in (i) the Private Shares sold by the Seller to the Purchaser pursuant to this Agreement
and (ii) 1,267,912 of the shares of the Class B common stock, $0.0001 par value per share (the “Founder Shares”),
of the Seller previously sold by the Seller to the Purchaser pursuant to the Securities Purchase Agreement, dated as of May 7, 2021,
between Water by Nordic AB, a Swedish limited liability company, as the seller thereunder, and the Purchaser, as the purchaser
thereunder, up to 191,374  of which are subject to forfeiture by the Purchaser to the extent that the underwriters of the IPO do not
fully exercise the Over-allotment Option, which number of Founder Shares purchased pursuant to such Securities Purchase Agreement
shall be after giving effect to a stock dividend of 1/3 of a share for each Founder Share by the Seller followed by the forfeiture
by the Purchaser to the Seller of a portion of such Founder Shares. Concurrently with the Purchaser’s
execution of this Agreement, the Seller shall, at its option, deliver to the Purchaser certificates
registered in the Purchaser’s name representing the Private Shares (the
“Original Certificates”), or effect such delivery in book-entry form.


 






     


     


    

 


2. Representations,
Warranties and Agreements.


 


2.1. Purchaser’s Representations,
Warranties and Agreements. To induce the Seller to sell the Private Shares to the Purchaser, the Purchaser hereby represents
and warrants to the Seller and agrees with the Seller as follows:


 


2.1.1.   No
Government Recommendation or Approval. The Purchaser understands that no federal or state agency has passed upon or made any
recommendation or endorsement of the offering of the Private Shares.


 


2.1.2.    No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Purchaser of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of the Purchaser,
(ii) any agreement, indenture or instrument to which the Purchaser is a party or (iii) any law, statute, rule or regulation to which the
Purchaser is subject, or any agreement, order, judgment or decree to which the Purchaser is subject.


 


2.1.3.   Organization
and Corporate Power; Enforceability. The Purchaser is a limited liability company duly organized, validly existing and in good
standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify
would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Purchaser.
The Purchaser possesses all requisite power (limited liability company or otherwise) and authority necessary to own, lease and operate
its properties and conduct its business as presently conducted and to enter into, deliver and perform its obligations under and carry
out the transactions contemplated by this Agreement. Upon execution and delivery of this Agreement by the Purchaser, this Agreement is
a legal, valid and binding agreement of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of
creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding
at law or in equity).


 


2.1.4. Experience,
Financial Capability and Suitability. Purchaser is: (i) sophisticated in financial matters and is able to evaluate the risks
and benefits of the investment in the Private Shares and (ii) able to bear the economic risk of its investment in the Private Shares for
an indefinite period of time because the Private Shares have not been registered under the Securities Act (as defined below) and therefore
cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser
is capable of evaluating the merits and risks of its investment in the Seller and has the capacity to protect its own interests. Purchaser
must bear the economic risk of this investment until the Private Shares are sold pursuant to: (i) an effective registration statement
under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser is able to bear the economic
risks of an investment in the Private Shares and to afford a complete loss of Purchaser’s investment in the Private Shares.


 


2.1.5.   Access
to Information; Independent Investigation. Prior to the execution of this Agreement, the Purchaser has had the opportunity to
ask questions of and receive answers from representatives of the Seller concerning an investment in the Seller, as well as the finances,
operations, business and prospects of the Seller, and the opportunity to obtain additional information to verify the accuracy of all information
so obtained. In determining whether to make this investment, Purchaser has relied solely on Purchaser’s own knowledge and understanding
of the Seller and its business based upon Purchaser’s own due diligence investigation and the information furnished pursuant to
this paragraph. Purchaser understands that no person has been authorized to give any information or to make any representations which
were not furnished pursuant to this Section 2 and Purchaser has not relied on any other representations or information in making
its investment decision, whether written or oral, relating to the Seller, its operations and/or its prospects.


 






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2.1.6. Regulation
D Offering. Purchaser represents that it is an “accredited investor” as such term is defined in Rule 501(a) of Regulation
D under the Securities Act of 1933, as amended (the “Securities Act”) and acknowledges the sale contemplated hereby
is being made in reliance on a private placement exemption to “accredited investors” within the meaning of Section 501(a)
of Regulation D under the Securities Act or similar exemptions under state law.


 


2.1.7. Investment
Purposes. The Purchaser is purchasing the Private Shares solely for investment purposes, for the Purchaser’s own account
and not for the account or benefit of any other person, for the Purchaser to allocate to the limited liability company interests of the
Purchaser to be purchased by the purchasers under the Subscription Agreements, and not with a view towards the distribution or dissemination
thereof except as contemplated by the Subscription Agreements. The Purchaser did not decide to enter into this Agreement as a result of
any general solicitation or general advertising within the meaning of Rule 502 under the Securities Act.


 


2.1.8.   Restrictions
on Transfer; Shell Company. Purchaser understands the Private Shares are being offered in a transaction not involving a public
offering within the meaning of the Securities Act. Purchaser understands the Private Shares will be “restricted securities”
within the meaning of Rule 144(a)(3) under the Securities Act, and Purchaser understands that the certificates or book-entries representing
the Private Shares will contain a legend in respect of such restrictions. If in the future the Purchaser decides to offer, resell, pledge
or otherwise transfer the Private Shares, such Private Shares may be offered, resold, pledged or otherwise transferred only pursuant to:
(i) registration under the Securities Act, or (ii) an available exemption from registration; provided, that Purchaser agrees that
if any transfer of its Private Shares or any interest therein is proposed to be made, as a condition precedent to any such transfer, Purchaser
may be required to deliver to the Seller an opinion of counsel satisfactory to the Seller. Absent registration or an exemption, the Purchaser
agrees not to resell the Private Shares. Purchaser further acknowledges that because the Seller is a shell company, Rule 144 may not be
available to the Purchaser for the resale of the Private Shares until one year following consummation of the initial business combination
of the Seller, despite technical compliance with the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.


 


2.1.9. No
Governmental Consents. No governmental, administrative or other third party consents or approvals are required, necessary or
appropriate on the part of Purchaser in connection with the transactions contemplated by this Agreement.


 


2.2. Seller’s Representations,
Warranties and Agreements. To induce the Purchaser to purchase the Private Shares, the Seller hereby represents and warrants
to the Purchaser and agrees with the Purchaser as follows:


 


2.2.1. Organization
and Corporate Power; Enforceability.  The Seller is a Delaware limited liability company, validly existing and in good standing
under the laws of Delaware and possesses all requisite power and authority necessary to carry out the transactions contemplated by this
Agreement and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have
a material adverse effect on the financial condition, operating results or assets of the Seller. Upon execution and delivery of this Agreement
by the Seller, this Agreement is a legal, valid and binding agreement of the Seller, enforceable against the Seller in accordance with
its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting
the enforcement of creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement is
sought in a proceeding at law or in equity).


 






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2.2.2. Authorization;
No Breach.


 


(i) The execution, delivery and performance of
this Agreement has been duly authorized and approved by the Seller. This Agreement constitutes a valid and binding obligation of the Seller,
enforceable in accordance with its terms.


 


(ii) The execution and delivery by the Seller of
this Agreement, and the fulfillment of, and compliance with, the respective terms hereof and thereof by the Seller, do not and will not
(a) conflict with or result in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation
of any lien, security interest, charge or encumbrance upon the Seller’s capital stock or assets under, (d) result in a violation
of, or (e) require any authorization, consent, approval, exemption, action, notice, declaration or filing, in each case, by or to any
court or administrative or governmental body or agency pursuant to the articles of association or other organizational documents of the
Seller (in effect on the date hereof or as may be amended prior to completion of the contemplated IPO), any agreement, indenture or instrument
to which the Seller is a party, or any material law, statute, rule or regulation to which the Seller is subject, or any agreement, order,
judgment or decree to which the Seller is subject, except for any filings required after the date hereof under federal or state securities
laws.


 


2.2.4.  Title
to Securities. Upon the sale and transfer in accordance with, and payment pursuant to, the terms hereof, the Private Shares will
be duly and validly issued, fully paid and nonassessable and will not have been transferred in violation of or subject to any preemptive
or similar rights created under the Seller’s organizational documents (as in effect at such time of issuance) or under the laws
of the State of Delaware Upon the sale and transfer in accordance with, and payment pursuant to, the terms hereof, the Purchaser will
have or receive good title to the Private Shares, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer
restrictions hereunder and other agreements to which the Private Shares may be subject to which the Purchaser is a party, (b) transfer
restrictions under federal and state securities laws, and (c) liens, claims or encumbrances imposed due to the actions of the Purchaser.


 


2.2.5. No
Adverse Actions. There are no actions, suits, investigations or proceedings pending, threatened against or affecting the Seller
which: (i) seek to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement or
(ii) question the validity or legality of any transactions or seeks to recover damages or to obtain other relief in connection with any
transactions.


 


2.2.6. No Governmental Consents. No
governmental, administrative or other third party consents or approvals are required, necessary or appropriate on the part of the Seller
in connection with the transactions contemplated by this Agreement.


 


2.2.7.  No
Default. As of the date hereof, the Seller has not received any written communication from a governmental authority that alleges that
the Seller is not in compliance with or is in default or violation of any applicable law, except where such non-compliance, default or
violation would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the financial condition,
operating results or assets of the Seller.


 


2.2.8. No
Registration. No registration under the Securities Act of 1933, as amended (the “Securities Act”), is required for the
offer and sale of the Private Shares by the Seller to the Purchaser.


 


2.2.9. No Solicitation.Neither the
Seller nor any person acting on its behalf has offered or sold the Private Shares by any form of general solicitation or general
advertising in violation of the Securities Act.


 


2.2.10. No Broker’s Fee.The
Seller is not under any obligation to pay any broker’s fee or commission in connection with the sale of the Private Shares hereunder.


 


3. Forfeiture
of Private Shares.


 


3.1. Partial or No Exercise of the Over-allotment
Option. Subsequent to the transfer of the Private Shares to the Purchaser pursuant to this Agreement, in the event the Over-allotment
Option granted to the underwriters of the IPO is not exercised in full, the Purchaser acknowledges and agrees that the Purchaser (or,
if applicable, the Purchaser and any direct or indirect transferees of the Private Shares) shall forfeit any and all rights to such number
of Private Shares (up to an aggregate of 22,500 Private Shares) pro rata based upon the percentage of the Over-allotment Option exercised.


 






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3.2. Termination of Rights as
Stockholder. If any of the Private Shares are forfeited in accordance with this Section 3, then after such time the
Purchaser (or successor in interest), shall no longer have any rights as a holder of such forfeited Private Shares, and the Seller
shall take such action as is appropriate to cancel such forfeited Private Shares.


 


3.3. Share Certificates. In
the event an adjustment to the Original Certificates, if any, is required pursuant to this Section 3, then the Purchaser
shall return such Original Certificates to the Seller or its designated agent as soon as practicable upon its receipt of notice from
the Seller advising Purchaser of such adjustment, following which a new certificates (the “New Certificates”), if
any, shall be issued in such amount representing the adjusted number of Private Shares held by the Purchaser. The New Certificates,
if any, shall be returned to the Purchaser as soon as practicable. Any such adjustment for any uncertificated securities held by the
Purchaser shall be made in book-entry form.


 


4. Waiver
of Liquidation Distributions; Redemption Rights. In connection with the Private Shares purchased pursuant to this Agreement,
the Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Seller from the
trust account which will be established for the benefit of the Seller’s public stockholders and into which substantially all of
the proceeds of the IPO and the proceeds from the sale of the Private Shares will be deposited (the “Trust Account”),
in the event of a liquidation of the Seller upon the Seller’s failure to timely complete an initial business combination. For purposes
of clarity, in the event the Purchaser purchases shares of Class A common stock in the IPO or in the aftermarket, any additional shares
of Class A common stock so purchased shall be eligible to receive any liquidating distributions by the Seller from the Trust Account upon
the Seller’s failure to timely complete an initial business combination. However, in no event will the Purchaser have the right
to redeem any Private Shares or shares of Class A common stock purchased by the Purchaser in the IPO or in the aftermarket out of funds
held in the Trust Account upon the successful completion of an initial business combination by the Seller.


 


5. Restrictions
on Transfer.


 


5.1. Securities Law
Restrictions. In addition to any restrictions to be contained in that certain letter agreement (commonly known as an
“Insider Letter”) to be dated as of the closing of the IPO by and among the Sponsor, the Seller, the Purchaser,
byNordic Holdings, LLC, byNordic Holdings II, LLC and certain individual officers and directors of the Seller, the Purchaser agrees
not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Private Shares unless, prior thereto (a) a
registration statement on the appropriate form under the Securities Act and applicable state securities laws with respect to the
Private Shares proposed to be transferred shall then be effective or (b) the Seller has received an opinion from counsel reasonably
satisfactory to the Seller, that such registration is not required because such transaction is exempt from registration under the
Securities Act and the rules promulgated by the Commission thereunder and with all applicable state securities laws. 


 


5.2. Lock-up.
Purchaser acknowledges that the Private Shares will be subject to lock-up provisions contained in the Insider Letter.


 


5.3. Restrictive Legends. Any
certificates representing the Private Shares shall have endorsed thereon legends substantially as follows:


 


“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED,
SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS
OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.”


 


“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
A LOCKUP AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP.”


 






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Upon the written request of the Purchaser, the
Seller shall agree to coordinate with the Purchaser to remove, or cause its transfer agent to remove, any restrictive legend or other
transfer restriction from any Private Shares that are registered for resale pursuant to an effective registration statement or are no
longer subject to the contractual lock-up set forth in the Insider Letter.


 


5.4. Additional Shares or Substituted
Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary dividend payable in a form
other than the Private Shares, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization or a similar transaction
affecting the Seller’s outstanding Private Shares without receipt of consideration, any new, substituted or additional securities
or other property which are by reason of such transaction distributed with respect to any Private Shares subject to this Section 5
or into which such Private Shares thereby become convertible shall immediately be subject to this Section 5 and Section 3.
Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Private
Shares subject to this Section 5 and Section 3.


 


5.5. Registration
Rights. Purchaser acknowledges that the Private Shares are being purchased pursuant to an exemption from the registration
requirements of the Securities Act and will become freely tradable only after certain conditions are met or they are registered
pursuant to the Amended and Restated Registration Rights Agreement, dated as of  [   ], 2021 (the “Registration
Rights Agreement”), by and among the Seller, the Purchaser, byNordic Holdings II, LLC, Water
by Nordic AB and the additional parties identified therein.


 


6. Conditions
of the Purchaser’s Obligations. The obligations of the Purchaser to purchase and pay for the Private Shares are subject to the
fulfillment, on or before the date hereof, of each of the following conditions:


 


6.1 Representations and Warranties. The
representations and warranties of the Seller in Section 2.2 shall be true and correct at and as of the date hereof.


 


6.2 Performance. The Seller shall
have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed
or complied with by it on or before the date hereof.


 


6.3 No Injunction. No litigation, statute,
rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any
court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated
hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement.


  


6.5 Corporate Consents. The Seller
shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the
sale of the Private Shares hereunder.


 


7.    Conditions of the Seller’s
Obligations. The obligations of the Seller to the Purchaser under this Agreement are subject to the fulfillment, on or before
the date hereof, of each of the following conditions:


 


7.1. Representations and Warranties.
The representations and warranties of the Purchaser contained in Section 2.1 shall be true and correct at and as of the date hereof.


 


7.2. Performance. The Purchaser shall
have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed
or complied with by the Purchaser on or before the date hereof.


 


7.3. Corporate Consents. The Seller
shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the
sale of the Private Shares hereunder.


 


7.4. No Injunction. No litigation,
statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by
or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters
contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement.


 


8. Other
Agreements.


 


8.1. Private Placement Warrants
Purchase Agreement. The parties hereto acknowledge and agree that the Private Placement Warrants Purchase Agreement, dated as of May
7, 2021, between the Seller, as the seller thereunder, and the Purchaser, as the purchaser thereunder, is terminated pursuant to Section
6 thereof and is of no further force and effect effective as of the date hereof.


 






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8.2.   Further
Assurances. Purchaser agrees to execute such further instruments and to take such further action as may reasonably be necessary
to carry out the intent of this Agreement.


 


8.3. Notices. All notices,
statements or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered personally or
sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated
in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be designated
in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other
electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed
to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if
sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after
mailing if sent by mail.


 


8.4. Entire Agreement. This
Agreement, together with the Insider Letter and the Registration Rights Agreement, each substantially in the form to be filed as an exhibit
to the Registration Statement, embodies the entire agreement and understanding between the Purchaser and the Seller with respect to the
subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof. No
statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used
to interpret, change or restrict, the express terms and provisions of this Agreement. 


 


8.5. Modifications and Amendments. The
terms and provisions of this Agreement may be modified or amended only by written agreement executed by all parties hereto, which written
agreement shall be executed by the Purchaser in compliance with Section 10.16 of the Amended and Restated Limited Liability Company
Operating Agreement, dated as of  [   ], 2021, of the Purchaser, as the same may be amended or otherwise modified from time to time
in accordance with the terms thereof.


 


8.6. Termination.  This
Agreement may be terminated at any time after March 31, 2022 as such date may be extend by mutual agreement of the parties in writing
upon the election by either the Seller or the Purchaser upon written notice to the other party if the closing of the IPO does not occur
on or prior to such date. If the Agreement is terminated pursuant to this Section 8.6, any portion of the Purchase Price already
funded will be promptly (but no later than five (5) business days following receipt of notice of termination) returned in full to the
Purchaser and any portion of the purchase prices contemplated under the Subscription Agreements already funded will be promptly (but not
later than five (5) business days following receipt of notice of termination) returned to the purchasers under the Subscription Agreements
in immediately available funds.


 


8.7. Waivers
and Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only
by a written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed
to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar.
Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not
constitute a continuing waiver or consent.


 


8.8. Assignment. The rights
and obligations under this Agreement may not be assigned by either party hereto without the prior written consent of the other party.


 


8.9. Benefit. All statements,
representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto and shall inure to the
benefit of the respective successors and permitted assigns of each party hereto. Except as expressly set forth below, nothing in this
Agreement shall be construed to create any rights or obligations except among the parties hereto, and no person or entity shall be regarded
as a third-party beneficiary of this Agreement.


 






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8.10. Governing Law; Venue; Waiver
of Jury Trial. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New
York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.
Each of the Seller and the Purchaser (i) agree that any action, proceeding, claim or dispute arising out of, or relating in any way to,
this Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such
jurisdiction and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and
venue or that such courts represent an inconvenient forum. THE PARTIES HERETO HEREBY WAIVE ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH
ANY LITIGATION PURSUANT TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.


 


8.11. Severability. In
the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof, contained in this Agreement
shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems
it reasonable and enforceable, and as so limited shall remain in full force and effect. In the event that such court shall deem any such
provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless remain in full force
and effect.


 


8.12. No Waiver of Rights, Powers
and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under this Agreement, and no course
of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial
exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment or discontinuance of steps to enforce
any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any other right,
power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver of the right of such party to pursue
other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving
such notice or demand to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights
of the party giving such notice or demand to any other or further action in any circumstances without such notice or demand.


 


8.13. Survival of Representations
and Warranties. All representations and warranties made by the parties hereto in this Agreement or in any other agreement, certificate
or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations made by or on
behalf of the parties.


 


8.14. No Broker or Finder. Each
of the parties hereto represents and warrants to the other that no broker, finder or other financial consultant has acted on its behalf
in connection with this Agreement or the transactions contemplated hereby in such a way as to create any liability on the other. Each
of the parties hereto agrees to indemnify and save the other harmless from any claim or demand for commission or other compensation by
any broker, finder, financial consultant or similar agent claiming to have been employed by or on behalf of such party and to bear the
cost of legal expenses incurred in defending against any such claim.


 


8.15. Headings and Captions. The
headings and captions of the various subdivisions of this Agreement are for convenience of reference only and shall in no way modify
or affect the meaning or construction of any of the terms or provisions hereof.


 


8.16. Counterparts. This
Agreement may be executed simultaneously in two or more counterparts, none of which needs to contain the signatures of more than one party,
but all such counterparts taken together shall constitute one and the same agreement. In the event that any signature is delivered by
facsimile transmission or by e-mail delivery of a “pdf” format data file, such signature shall create a valid and binding
obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile
or “.pdf” signature page were an original thereof.


 






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8.17. Construction. The
parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation
arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise
favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. The words “include,”
“includes,” and “including” will be deemed to be followed by “without limitation.”
Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will
be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words of similar
import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend
that each representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached
any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty
or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached
will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.


 


8.18. Mutual Drafting. This
Agreement is the joint product of the Purchaser and the Seller and each provision hereof has been subject to the mutual consultation,
negotiation and agreement of such parties and shall not be construed for or against any party hereto.


 


9. Voting
and Tender of Private Shares. Purchaser agrees to vote the Private Shares in favor of an initial business combination that the
Seller negotiates and submits for approval to the Seller’s stockholders and shall not seek redemption with respect to such Private
Shares. Additionally, the Purchaser agrees not to tender any Private Shares in connection with a tender offer presented to the Seller’s
stockholders in connection with an initial business combination negotiated by the Seller.


 


10.    Indemnification. Each
party shall indemnify the other against any loss, cost or damages (including reasonable attorney’s fees and expenses) incurred as
a result of such party’s breach of any representation, warranty, covenant or agreement in this Agreement.


 


[Signature Page Follows]


 






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If the foregoing accurately sets forth our understanding
and agreement, please sign the enclosed copy of this Agreement and return it to us.


 


	 	Very truly yours,
	 	 
	 	BYNORDIC ACQUISITION CORPORATION, as the Seller
	 	 	 
	 	By:	 
	 	 	Name:	              
	 	 	Title:	 


 


	Accepted and agreed as of the date first written above.
	 	 
	BYNORDIC HOLDINGS LLC, as the Purchaser






	 
	By: byNordic Manager LLC	 
	 	 
	By:		 
	 	Name:		 
	 	Title:	   	 


 


[Signature Page to Securities Purchase Agreement]


 


 


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