Document:

Exhibit 10.1

 

 

June 30, 2021

 

Corsair Partnering Corporation

717 Fifth Avenue, 24th Floor

 

New York, New York 10022

 

Evercore Group L.L.C.

55 East 52nd Street, Ste 35

New York, New York 10055

 

BofA Securities, Inc.

One Bryant Park

New York, New York 10036

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (this “Letter Agreement”)
is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) to be
entered into by and between Corsair Partnering Corporation, a Cayman Islands exempted company (the “Company”),
and Evercore Group L.L.C. and BofA Securities, Inc. (the “Underwriters”), relating to an underwritten initial
public offering (the “Public Offering”), of 25,000,000 of the Company’s units (including up to 3,750,000
units granted to the Underwriters that may be purchased to cover over-allotments, if any) (the “Units”), each
comprised of one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Class A Ordinary Shares”),
and one-third of one redeemable warrant. Each whole Warrant (each, a “Warrant”) entitles the holder thereof
to purchase one Class A Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering
pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”) included therein, filed
by the Company with the Securities and Exchange Commission (the “Commission”) and our Units have been approved
for listing on the New York Stock Exchange. Certain capitalized terms used herein are defined in paragraph 12 hereof.

 

In order to induce the Company and the Underwriters
to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Corsair Partnering Sponsor LP, a Cayman Islands exempted limited partnership (the “Sponsor”),
and the undersigned individuals, each of whom is a member of the Company’s board of directors, a nominee for membership on the board
of directors and/or an executive officer of the Company (each, an “Insider” and collectively, the “Insiders”),
hereby agrees with the Company as follows:

 

1.       It
is acknowledged and agreed that the Company shall not enter into a definitive agreement regarding a proposed Partnering Transaction without
the prior consent of the Sponsor. The Sponsor and each Insider agrees that if the Company seeks shareholder approval of a proposed Partnering
Transaction, then in connection with such proposed Partnering Transaction, it, he or she shall (i) vote any shares of share capital owned
by it, him or her in favor of any proposed Partnering Transaction and (ii) not redeem any Class A Ordinary Shares owned by it, him or
her in connection with such shareholder approval. If the Company seeks to consummate a proposed Partnering Transaction by engaging in
a tender offer, the Sponsor and each Insider agrees that it, he or she will not sell or tender any Class A Ordinary Shares owned by it,
him or her in connection therewith.

 

     

     

    

2.       The
Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Partnering Transaction within 24 months
from the closing of the Public Offering (or 27 months if the Company has executed a letter of intent, agreement in principle or definitive
agreement for a Partnering Transaction within 24 months), or such later period approved by the Company’s shareholders in accordance
with the Company’s amended and restated memorandum and articles of association, the Sponsor and each Insider shall take all reasonable
steps to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but
not more than 10 business days thereafter, subject to lawfully available funds therefor, redeem 100% of the Class A Ordinary Shares sold
as part of the Units in the Public Offering (the “Offering Shares”), at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account (less
up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Offering Shares, which redemption will
completely extinguish all Public Shareholders’ (as defined below) rights as shareholders (including the right to receive further
liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate,
subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors in all cases subject
to the other requirements of applicable law. The Sponsor and each Insider agrees to not propose any amendment to the Company’s amended
and restated memorandum and articles of association that would affect the substance or timing of the Company’s obligation to redeem
100% of the Offering Shares if the Company does not complete a Partnering Transaction within 24 months (or 27 months, as applicable) from
the closing of the Public Offering or with respect to any other provisions relating to the rights of holders of our Class A Ordinary Shares,
unless the Company provides its public shareholders with the opportunity to redeem their Offering Shares upon approval of any such amendment
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on
the funds held in the Trust Account and not previously released to the Company to pay its taxes, divided by the number of then outstanding
Offering Shares.

 

The Sponsor and each Insider acknowledges that
it or he or she has no right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of
the Company as a result of any liquidation of the Company with respect to the Founder Shares or Performance Shares held by it. The Sponsor
and each Insider hereby further waives, with respect to any Class A Ordinary Shares held by it, him, or her, if any, any redemption rights
it or he or she may have in connection with the consummation of a Partnering Transaction, including, without limitation, any such rights
available in the context of a shareholder vote (i) to approve such Partnering Transaction or in the context of a tender offer made by
the Company to purchase Class A Ordinary Shares (although the Sponsor, the Insiders and their respective affiliates shall be entitled
to redemption and liquidation rights with respect to any Class A Ordinary Shares it or they hold if the Company fails to consummate a
Partnering Transaction within 24 months (or 27 months, if applicable) from the date of the closing of the Public Offering) or (ii) to
approve an amendment to the Company’s amended and restated memorandum and articles of association to modify the substance or timing
of its obligation to redeem 100% of our public shares if we have not consummated a Partnering Transaction within 24 months (or 27 months,
if applicable) from the closing of the initial public offering or with respect to any other material provisions relating to shareholders’
rights or pre-Partnering Transaction activity.

 

3.       The
undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Partnering Transaction with a partner company
that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by
a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment
banking firm, which is a member of the Financial Industry Regulatory Authority, or an independent accounting firm that such Partnering
Transaction is fair to the Company’s unaffiliated shareholders from a financial point of view.

 

4.       During
the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor and each Insider
shall not, without the prior written consent of the Underwriters, Transfer any Units, Class A Ordinary Shares, Founder Shares, Performance
Shares, Warrants or any securities convertible into, or exercisable, or exchangeable for, Class A Ordinary Shares owned by it or him or
her. The provisions of this paragraph will not apply if the release or waiver is effected solely to permit a transfer not for consideration
and the transferee has agreed in writing to be bound by the same terms described in this Letter Agreement to the extent and for the duration
that such terms remain in effect at the time of the transfer.

 

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5.       In
the event of the liquidation of the Trust Account, the Sponsor (which for purposes of clarification shall not extend to any other shareholders,
members or managers of the Sponsor, or any of the other undersigned) agrees to indemnify and hold harmless the Company against any and
all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably
incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) to which
the Company may become subject as a result of any claim by (i) any third party for services rendered or products sold to the Company or
(ii) a prospective partner company with which the Company has entered into an acquisition agreement (a “Partner Company”);
provided, however, that such indemnification of the Company by the Sponsor shall apply only to the extent necessary to ensure
that such claims by a third party for services rendered (other than the Company’s independent public accountants) or products sold
to the Company or a Partner Company do not reduce the amount of funds in the Trust Account to below (i) $10.00 per share of the Offering
Shares or (ii) such lesser amount per share of the Offering Shares held in the Trust Account due to reductions in the value of the trust
assets as of the date of the liquidation of the Trust Account, in each case, net of the amount of interest earned on the property in the
Trust Account which may be withdrawn to pay franchise and income taxes, except as to any claims by a third party (including a Partner
Company) who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s
indemnity of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities
Act”). In the event that any such executed waiver is deemed to be unenforceable against such third party, the Sponsor shall
not be responsible to the extent of any liability for such third party claims. The Sponsor shall have the right to defend against any
such claim with counsel of its choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice of
the claim to the Sponsor, the Sponsor notifies the Company in writing that it shall undertake such defense.

 

6.       To
the extent that the Underwriters do not exercise their over-allotment option to purchase up to an additional 3,750,000 Units within 45
days from the date of the Prospectus (and as further described in the Prospectus), the Sponsor agrees to forfeit, at no cost, a number
of Founder Shares in the aggregate equal to 187,500 multiplied by a fraction, (i) the numerator of which is 3,750,000 minus the number
of Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000.
The forfeiture will be adjusted to the extent that the over-allotment option is not exercised in full by the Underwriters so that the
Initial Shareholders will own an aggregate of 5.0% of the Class A Ordinary Shares issued in the Public Offering (excluding Class A Ordinary
Shares underlying the Private Placement Warrants).

 

7.       (a)
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the Insiders hereby agree that
until the earliest of the Company’s initial Partnering Transaction or liquidation, the Insiders shall present to the Company for
its consideration, prior to presentation to any other entity, any partner candidate that has a fair market value of at least 80% of the
net assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest
earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

(b)       The
Sponsor and each Insider hereby agrees and acknowledges that: (i) the Underwriters and the Company would be irreparably injured in the
event of a breach by such Sponsor or an Insider of its, his or her obligations under paragraphs 1, 2, 3, 4, 5, 6, 7(a), 8(a), 8(b), 8(c)
and 10, as applicable, of this Letter Agreement (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching
party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event
of such breach.

 

8.       (a)
The Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder Shares (or Class A Ordinary Shares issuable upon
conversion thereof) until the earlier of (x) 180 days after the completion of the Company’s initial Partnering Transaction or (y)
the date on which the Company completes a liquidation, merger, share capital exchange, reorganization or other similar transaction that
results in all of the Company’s shareholders having the right to exchange their Class A Ordinary Shares for cash, securities or
other property (the “Founder Shares Lock-up Period”).

 

(b)       The
Sponsor and each Insider agrees that (x) it, he or she shall not Transfer any Performance Shares until the earlier of (A) 180 days after
the completion of the Company’s initial Partnering Transaction or (B) the date on which the Company completes a liquidation, merger,
share capital exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the
right to exchange their Class A Ordinary Shares for cash, securities or other property and (y) it, he or she shall not Transfer any Class
A Ordinary Shares issued upon conversion of Performance Shares until two years after the completion of the Company’s initial Partnering
Transaction (the “Performance Shares Lock-up Period”).

 

(c)       The
Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement Warrants (and any Class A Ordinary Shares
issued upon conversion or exercise thereof), until 30 days after the completion of the Company’s initial Partnering Transaction
(the “Private Placement Lock-up Period”, and together with the Performance Shares Lock-up Period and the Founder
Shares Lock-Up Period the “Lock-up Periods”).

 

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(d)       Notwithstanding
the provisions set forth in paragraphs 8(a), (b) and (c), Transfers of the Founder Shares, Performance Shares and Private Placement Warrants
(and Class A Ordinary Shares issued or issuable upon the exercise or conversion of the Private Placement Warrants, the Founder Shares
and the Performance Shares and that are held by the Sponsor, any Insider or any of their permitted transferees (that have complied with
this paragraph 8(d))), are permitted (a) to our officers or directors, any affiliates or family members of any of our officers or directors,
any of the operating partners of the Company, any affiliates or family members of the operating partners of the Company, any members or
partners of our sponsor, or their affiliates, any affiliates of our sponsor, or any employees of such affiliates; (b) in the case of an
individual, transfers by gift to a member of the individual’s immediate family, to a trust, the beneficiary of which is a member
of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (c) in the case of an individual,
transfers by virtue of laws of descent and distribution upon death of the individual; (d) in the case of an individual, transfers pursuant
to a qualified domestic relations order; (e) transfers by private sales or transfers made in connection with the consummation of a Partnering
Transaction at prices no greater than the price at which the securities were originally purchased; (f) transfers in the event of the Company’s
liquidation prior to the completion of an initial Partnering Transaction; (g) transfers by virtue of the laws of the Cayman Islands or
the Sponsor’s limited partnership agreement upon dissolution of the Sponsor; (h) to the Company for no value for cancellation in
connection with the consummation of an initial Partnering Transaction or pursuant to paragraph 6 herein; (i) in the event of the Company’s
liquidation, merger, share capital exchange, reorganization or other similar transaction which results in all of the Company’s shareholders
having the right to exchange their Class A Ordinary Shares for cash, securities or other property subsequent to the completion of the
Company’s initial Partnering Transaction; and (j) solely with respect to the Performance Shares Lock-Up, transfers or sales of Class
A Ordinary Shares issued to the undersigned upon conversion of Performance Shares following the settlement of such issuance to cover tax
obligations of the undersigned in connection with such issuance; provided, however, that in the case of clauses (a) through
(e) these permitted transferees must enter into a written agreement agreeing to be bound by the restrictions herein.

 

9.       Each
of the Insiders agrees to be a director or officer of the Company, as applicable, until the earlier of the consummation by the Company
of an initial Partnering Transaction, the liquidation of the Company, or his or her removal, death or incapacity. In the event of the
removal or resignation of an Insider as a director or officer (as applicable), each Insider agrees that he or she will not, prior to the
consummation of the Partnering Transaction, without the prior express written consent of the Company, (i) use for the benefit of the undersigned
or to the detriment of the Company or (ii) disclose to any third party (unless required by law or governmental authority), any information
regarding a partner candidate of the Company that is not generally known by persons outside of the Company, the Sponsor, or their respective
affiliates. The Sponsor and each Insider represents and warrants that it, he or she has never been suspended or expelled from membership
in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended
or revoked. Each Insider’s biographical information furnished to the Company (including any such information included in the Prospectus)
is true and accurate in all respects and does not omit any material information with respect to the Insider’s background and contains
all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act. Each Insider’s
questionnaire furnished to the Company and the Underwriters is true and accurate in all material respects. Each Insider represents and
warrants that: it, he or she is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order
or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; it or he or she
has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or handling
of funds of another person, or (iii) pertaining to any dealings in any securities and it or he or she is not currently a defendant in
any such criminal proceeding.

 

10.       Except
as disclosed in the Prospectus, neither the Sponsor nor any Insider nor any affiliate of the Sponsor or any Insider, nor any director
or officer of the Company, shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect of
any repayment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate the consummation
of the Company’s initial Partnering Transaction (regardless of the type of transaction that it is), other than the following, none
of which will be made from the proceeds held in the Trust Account prior to the completion of the initial Partnering Transaction: repayment
of a loan and advances up to an aggregate of $300,000 made to the Company by the Sponsor; payment to an affiliate of the Sponsor for office
space, utilities and secretarial and administrative support for a total of up to $15,000 per month; interest earned on the funds held
in the trust account may be released to the Company to pay its franchise and income tax obligations; reimbursement for any reasonable
out-of-pocket expenses related to identifying, investigating and consummating an initial Partnering Transaction, and repayment of loans,
if any, and on such terms as to be determined by the Company from time to time, made by the Sponsor or any of the Company’s officers
or directors to finance transaction costs in connection with an intended initial Partnering Transaction; provided, that, if the
Company does not consummate an initial Partnering Transaction, a portion of the working capital held outside the Trust Account may be
used by the Company to repay such loaned amounts so long as no proceeds from the Trust Account are used for such repayment. Up to $1,500,000
of such loans may be convertible into Warrants at a price of $1.50 per Warrant at the option of the lender. Such Warrants would be identical
to the Private Placement Warrants, including as to exercise price, exercisability and exercise period.

 

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11.       The
Sponsor and each Insider has full right and power, without violating any agreement to which it is bound (including, without limitation,
any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement and, as applicable,
to serve as a director on the board of directors of the Company and hereby consents to being named in the Prospectus as a director of
the Company.

 

12.       As
used herein, (i) “Partnering Transaction” shall mean a merger, share capital exchange, asset acquisition, share
purchase, reorganization or similar partnering transaction, involving the Company and one or more businesses; (ii) “share
capital” shall mean, collectively, the Class A Ordinary Shares, the Performance Shares and the Founder Shares; (iii) “Performance
Shares” shall mean the 120,000 shares of the Company’s Class B ordinary shares, par value $0.0001 per share, initially
issued to an affiliate of the Sponsor on January 9, 2021 for an aggregate purchase price of $18,750, or approximately $0.075 per share
and the 130,000 Performance Shares issued to such affiliate in exchange for 130,000 Founder Shares (as defined below) on a one-for-one
basis on January 21, 2020, all of which were transferred to the Sponsor on January 28, 2021 such that the Sponsor possessed 250,000 Performance
Shares immediately prior to the consummation of the Public Offering, (iv) “Founder Shares” shall mean the 2,300,00
shares of the Company’s Class F ordinary shares, par value $0.0001 per share, initially issued to an affiliate of the Sponsor on
January 9, 2021 for an aggregate purchase price of $6,250, or approximately $0.0031 per share, (x) 130,000 of which were exchanged for
Performance Shares on a one-for-one basis for Performance Shares, (y) 157,000 were surrendered on January 21, 2021, and the remaining
Founder Shares were transferred to the Sponsor on January 28, 2021 and (z) on April 30, 2021, our Sponsor surrendered 575,00 Founder Shares
for no consideration, such that the Sponsor possessed 1,437,500 Founder Shares (up to 187,500 shares of which are subject to complete
or partial forfeiture by the Sponsor if the over-allotment option is not exercised by the Underwriters) immediately prior to the consummation
of the Public Offering; (v) “Initial Shareholders” shall mean the Sponsor and any Insider that holds Founder
Shares or Performance Shares; (vi) “Private Placement Warrants” shall mean the 5,000,000 Warrants (or 5,500,000
Warrants if the over-allotment option is exercised in full) that the Sponsor has agreed to purchase for an aggregate purchase price of
$7,500,000 (or $8,250,000 if the over-allotment option is exercised in full), or $10.00 per Unit, in a private placement that shall occur
simultaneously with the consummation of the Public Offering; (vii) “Private Placement Shares” shall mean Class
A Ordinary Shares underlying the Private Placement Warrants (viii) “Public Shareholders” shall mean the holders
of securities issued in the Public Offering; (ix) “Trust Account” shall mean the trust fund into which a portion
of the net proceeds of the Public Offering and certain of the proceeds from the sale of the Private Placement Warrants shall be deposited;
and (x) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge,
grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase
of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16
of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect
to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c)
public announcement of any intention to effect any transaction specified in clause (a) or (b).

 

13.       This
Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and
supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they
relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended,
modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed
by all parties hereto.

 

14.       No
party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written
consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor and each
Insider and their respective successors, heirs and assigns and permitted transferees.

 

15. Nothing in this Letter Agreement shall be
construed to confer upon, or give to, any person or corporation other than the parties hereto any right, remedy or claim under or by reason
of this Letter Agreement or of any covenant, condition, stipulation, promise or agreement hereof. All covenants, conditions, stipulations,
promises and agreements contained in this Letter Agreement shall be for the sole and exclusive benefit of the parties hereto and their
successors, heirs, personal representatives and assigns and permitted transferees.

 

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16. This Letter 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.

 

17. This Letter 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 Letter
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 Letter Agreement a provision as similar in terms to such invalid or unenforceable
provision as may be possible and be valid and enforceable.

 

18.       This
Letter 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. The parties
hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter 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.

 

19.       Any
notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or
facsimile transmission.

 

20.       This
Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation of the Company; provided,
further, that paragraph 5 of this Letter Agreement shall survive such liquidation.

 

[Signature Page Follows] 

    6 

     

    

  

 

	 	Sincerely,
	 	 
	 	
    Corsair Partnering
Sponsor LP 

    By: Corsair Sponsor GP, its general partner 

	 	 
	 	 
	 	By:	/s/ Jeremy S. Schein
	 	 	Name:Jeremy S. Schein
	 	 	Title:President

  

 

	 	By:	/s/ D.T. Ignacio Jayanti
	 	 	D.T. Ignacio Jayanti

  

 

	 	By:	/s/ Jeremy S. Schein
	 	 	Jeremy S. Schein

  

 

	 	By:	/s/ Paul Cabral
	 	 	Paul Cabral

  

 

	 	By:	/s/ Maripat Alpuche
	 	 	Maripat Alpuche

  

 

	 	By:	/s/ Daniel J. Eckert
	 	 	Daniel J. Eckert

  

 

	 	By:	/s/ William I. Jacobs
	 	 	William I. Jacobs

 

Acknowledged and Agreed:

CORSAIR PARTNERING CORPORATION 

 

	By:	/s/ Paul Cabral	 
	 	Name:	Paul Cabral	 
	 	Title:	Chief Financial Officer	 

  

 

[Signature Page to Letter Agreement]Exhibit 10.2

 

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment Management Trust Agreement (this
“Agreement”) is made effective as of June 30, 2021 by and between Corsair Partnering Corporation, a Cayman Islands
exempted company (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation
(the “Trustee”).

 

WHEREAS, the Company’s registration statement
on Form S-1, File No. 333-254003 (the “Registration Statement”) and prospectus (the “Prospectus”)
for the initial public offering of the Company’s units (the “Units”), each of which consists of one Company’s
Class A ordinary shares, par value $0.0001 per share of the Company (the “Class A Ordinary Shares”), and one-third
of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A Ordinary Share (such initial public
offering hereinafter referred to as the “Offering”), has been declared effective as of the date hereof by the
U.S. Securities and Exchange Commission; and

 

WHEREAS, the Company has entered into an Underwriting
Agreement (the “Underwriting Agreement”) with Evercore Group L.L.C. and BofA Securities, Inc. as the underwriters
(the “Underwriters”); and

 

WHEREAS, as described in the Prospectus, $250,000,000
of the gross proceeds of the Offering and sale of the Units (as defined in the Underwriting Agreement) (or $287,000,000 if the Underwriters’
over-allotment option 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 “Trust Account”) for the benefit of the Company and the holders of Class
A Ordinary Shares included in the Units 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 “Property,” the shareholders for whose
benefit the Trustee shall hold the Property will be referred to as the “Public Shareholders,” and the Public
Shareholders and the Company will be referred to together as the “Beneficiaries”);

 

WHEREAS, pursuant to the Underwriting Agreement,
a portion of the Property equal to $8,750,000, or $10,781,250 if the Underwriters’ over-allotment option is exercised in full, is
attributable to deferred underwriting discounts and commissions that will be payable by the Company to the Underwriters upon and concurrently
with the consummation of the Partnering Transaction (as defined below) (the “Deferred Discount”); and

 

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.

 

NOW THEREFORE, IT IS AGREED:

 

1.       Agreements
and Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a)       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
billion or more) and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company;

 

(b)       Manage,
supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)       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 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 2a-7 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 being understood that the Trust Account will earn no
interest while account funds are uninvested awaiting the Company’s instructions hereunder and the Trustee may earn bank credits
or other consideration;

 

(d)       Collect
and receive, when due, all principal, interest or other income arising from the Property, which shall become part of the “Property,”
as such term is used herein;

 

     

     

    

(e)       Promptly
notify the Company and the Underwriters of all communications received by the Trustee with respect to any Property requiring action by
the Company;

 

(f)       Supply
any necessary information or documents as may be requested by the Company (or its authorized agents) in connection with the Company’s
preparation of the tax returns relating to assets held in the Trust Account;

 

(g)       Participate
in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed by the
Company to do so;

 

(h)       Render
to the Company monthly written statements of the activities of, and amounts in, the Trust Account reflecting all receipts and disbursements
of the Trust Account;

 

(i)       Commence
liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with, the terms of a letter from
the Company (“Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit
A or Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive Officer, Chief Financial Officer, President,
Executive Vice President, Vice President Secretary or Chairman of the Board of Directors of the Company (the “Board”)
or other authorized officer of the Company, and complete the liquidation of the Trust Account and distribute the Property in the Trust
Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its franchise
and income taxes (and up to $100,000 of interest that may be released to the Company to pay dissolution expenses, if applicable), only
as directed in the Termination Letter and the other documents referred to therein, or (y) upon the date which is the later of (1) 24 months
(or 27 months, if applicable) after the closing of the Offering and (2) such later date as may be approved by the Company’s shareholders
in accordance with the Company’s Amended and Restated Memorandum and Articles of Association (as defined in the Prospectus related
to the Offering), if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall
be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the Property in the
Trust Account, including interest not previously released to the Company to pay its franchise and income taxes (up to $100,000 of interest
that may be released to the Company to pay dissolution expenses) shall be distributed to the Public Shareholders of record as of such
date; provided, however, that in the event the Trustee receives a Termination Letter in a form substantially similar to Exhibit B hereto,
or if the Trustee begins to liquidate the Property because it has received no such Termination Letter by the date which is the later of
(1) 24 months (or 27 months, if applicable) after the closing of the Offering and (2) such later date as may be approved by the Company’s
shareholders in accordance with the Company’s Amended and Restated Memorandum and Articles of Association, the Trustee shall keep
the Trust Account open until twelve (12) months following the date the Property has been distributed to the Public Shareholders. It is
acknowledged and agreed that there should be no reduction in the principal amount initially deposited in the Trust Account;

 

(j)       Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit
C (a “Withdrawal Instruction”), withdraw from the Trust Account and distribute to the Company the amount
of interest earned on the Property requested by the Company to cover any tax obligations owed by the Company as a result of assets of
the Company or interest or other income earned on the Property, which amount shall be delivered directly to the Company by electronic
funds transfer or other method of prompt payment, and the Company shall forward such payment to the relevant taxing authority, if such
distribution is for a tax obligation; provided, however, that to the extent there is not sufficient cash in the Trust Account
to pay such tax obligation, the Trustee shall liquidate such assets held in the Trust Account as shall be designated by the Company in
writing to make such distribution; so long as there is no reduction in the principal amount per share initially deposited in the Trust
Account; (it being acknowledged and agreed that any such amount in excess of interest income earned on the Property shall not be payable
from the Trust Account). The written request of the Company referenced above shall constitute presumptive evidence that the Company is
entitled to said funds, and the Trustee shall have no responsibility to look beyond said request;

 

    2 

     

    

(k)       Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit
D (a “Shareholder Redemption Withdrawal Instruction”), the Trustee shall distribute to the remitting brokers
on behalf of Public Shareholders redeeming Class A Ordinary Shares the amount requested by the Company to be used to redeem Class A Ordinary
Shares from Public Shareholders properly submitted in connection with a shareholder vote to approve an amendment to the Company’s
Amended and Restated Memorandum and Articles of Association (A) to modify the substance or timing of the Company’s obligation to
allow redemption in connection with its partnering transaction or to redeem 100% of the Class A Ordinary Shares included in the Units
sold in the Offering (the “public shares”) if the Company has not consummated an initial Partnering Transaction
within such time as is described in the Company’s Amended and Restated Memorandum and Articles of Association or (B) with respect
to any other material provisions relating to shareholders’ rights or pre-initial Partnering Transaction activity. The written request
of the Company referenced above shall constitute presumptive evidence that the Company is entitled to distribute said funds, and the Trustee
shall have no responsibility to look beyond said request; and

 

(l)       Not
make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i), (j) or (k) above.

 

2.       Agreements
and Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)       Give
all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, Chief Executive Officer, Chief
Financial Officer, President, Executive Vice President, Vice President or Secretary. In addition, except with respect to its duties under
Sections 1(i), (j) and (k) hereof, the Trustee shall be entitled to rely on, and shall be protected in relying on,
any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by any one of the
persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions in writing;

 

(b)       Subject
to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all expenses, including reasonable
counsel fees and disbursements, or losses suffered by the Trustee in connection with any action taken by it hereunder and in connection
with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand,
which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any interest earned
on the Property, except for expenses and losses resulting from the Trustee’s gross negligence, fraud or willful misconduct. Promptly
after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which
the Trustee intends to seek indemnification under this Section 2(b), it shall notify the Company in writing of such claim (hereinafter
referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense
against such Indemnified Claim; provided that the Trustee shall obtain the consent of the Company with respect to the selection
of counsel, which consent shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the prior
written consent of the Company, which such consent shall not be unreasonably withheld. The Company may participate in such action with
its own counsel;

 

(c)       Pay
the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual administration fee, and transaction
processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property
shall not be used to pay such fees unless and until it is distributed to, or on behalf of, the Company pursuant to Sections 1(i)
through 1(k) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration fee at the
consummation of the Offering. The Company shall not be responsible for any other fees or charges of the Trustee except as set forth in
this Section 2(c), Schedule A and as may be provided in Section 2(b) hereof;

 

(d)       In
connection with any vote of the Company’s shareholders regarding a merger, share capital exchange, asset acquisition, share purchase,
reorganization or similar business combination involving the Company and one or more businesses (the “Partnering Transaction”),
provide to the Trustee an affidavit or certificate of the inspector of elections for the shareholder meeting verifying the vote of such
shareholders regarding such Partnering Transaction;

 

(e)       In
connection with the Trustee acting as Paying/Disbursing Agent pursuant to Exhibit B, the Company will not give the Trustee disbursement
instructions which would be prohibited under this Agreement;

 

(f)       Provide
the Underwriters with a copy of any Termination Letter(s) and/or any other correspondence that is sent to the Trustee with respect to
any proposed withdrawal from the Trust Account promptly after it issues the same;

 

(g)       Instruct
the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing the Trustee to make
any distributions that are not permitted under this Agreement;

 

    3 

     

    

(h)       Expressly
provide in any Instruction Letter (as defined in Exhibit A) delivered in connection with a Termination Letter in a form substantially
similar to that attached hereto as Exhibit A that the Deferred Discount be paid directly to the account or accounts directed by
the Underwriters; and

 

(i)       Within
five business days after the Underwriters exercises the over-allotment option (or any unexercised portion thereof) or such over-allotment
option expires, provide the Trustee with a notice in writing (with a copy to the Underwriters) of the total amount of the Deferred Discount.

 

3.       Limitations
of Liability. The Trustee shall have no responsibility or liability to:

 

(a)       Imply
obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this Agreement
and that which is expressly set forth herein;

 

(b) Take any action with respect to the Property,
other than as directed in Section 1 hereof, and the Trustee shall have no liability to any party except for liability arising out
of the Trustee’s gross negligence, fraud or willful misconduct;

 

(c)       Institute
any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of any kind
with respect to, any of the Property unless and until it shall have received written instructions from the Company given as provided herein
to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;

 

(d)       Change
the investment of any Property, other than in compliance with Section 1 hereof;

 

(e)       Refund
any depreciation in principal of any Property;

 

(f)       Assume
that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided otherwise
in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;

 

(g)       The
other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in
good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct. The
Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel
(including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument, report or other paper
or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability
of any information therein contained) which the Trustee believes, in good faith and with reasonable care, to be genuine and to be signed
or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination
or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered to the Trustee, signed
by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent
thereto;

 

(h)       Verify
the accuracy of the information contained in the Registration Statement;

 

(i)       Provide
any assurance that any Partnering Transaction entered into by the Company or any other action taken by the Company is as contemplated
by the Registration Statement;

 

(j)       File
information returns with respect to the Trust Account with any local, state or federal taxing authority or provide periodic written statements
to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property;

 

(k)       Prepare,
execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated by, and activities relating
to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not limited to, tax
obligations, except pursuant to Section 1(j) hereof; or

 

(l)       Verify
calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections 1(i), (j)
and (k) hereof.

 

    4 

     

    

4.       Trust
Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it
may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation,
under Section 2(b) or (c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside the Trust Account
and not against the Property or any monies in the Trust Account.

 

5.       Termination.
This Agreement shall terminate as follows:

 

(a)       If
the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable efforts
to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement. At such time that the
Company notifies the Trustee that a successor trustee has been appointed by the Company and has agreed to become subject to the terms
of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited
to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided,
however, that in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation
notice from the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York
or with the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from
any liability whatsoever; or

 

(b)       At
such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance with the provisions of
Section 1(i) hereof and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall
terminate except with respect to Section 2(b).

 

6.       Miscellaneous.

 

(a)       The
Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds transferred
from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to such security procedures
to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained
access to such confidential information, or of any change in its authorized personnel. In executing funds transfers, the Trustee shall
rely upon all information supplied to it by the Company, including, account names, account numbers, and all other identifying information
relating to a Beneficiary, Beneficiary’s bank or intermediary bank. Except for any liability arising out of the Trustee’s
gross negligence, fraud or willful misconduct, the Trustee shall not be liable for any loss, liability or expense resulting from any error
in the information or transmission of the funds.

 

(b)       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. This Agreement may
be executed in several original or facsimile counterparts, each one of which shall constitute an original, and together shall constitute
but one instrument.

 

(c)       This
Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except for
Section 1(i), 1(j) and 1(k) hereof (which sections may not be modified, amended or deleted without the affirmative vote of sixty-five
percent (65%) of the Class A Ordinary Shares, Class B ordinary shares, par value $0.0001 per share and Class F ordinary shares of the
Company, par value $0.0001 per share, voting together as a single class, that attend and vote at a special meeting of the Company; provided
that no such amendment will affect any Public Shareholder who has properly elected to redeem his or her Class A Ordinary Shares in connection
with a shareholder vote to amend this Agreement (A) to modify the substance or timing of the Company’s obligation to allow redemption
in connection with the initial Partnering Transaction or to redeem 100% of its Class A Ordinary Shares if the Company does not complete
its initial Partnering Transaction within the time frame specified in the Company’s Amended and Restated Memorandum and Articles
of Association or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Partnering Transaction
activity), this Agreement or any provision hereof may only be changed, amended or modified (other than to correct a typographical error)
by a writing signed by each of the parties hereto.

 

(d)       The
parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, State of New York,
for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT,
EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

    5 

     

    

(e)       Any
notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and shall
be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by electronic
mail:

 

if to the Trustee, to:

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

E-mail: fwolf@continentalstock.com; cgonzalez@continentalstock.com

 

if to the Company, to:

 

Corsair Partnering Corporation

717 Fifth Avenue, 24th Floor

New York, NY 10022

Attn: Paul Cabral

E-mail: cabral@corsair-capital.com

 

in each case, with copies to:

 

Davis Polk & Wardwell

450 Lexington Avenue

New York, NY 10017

Attn: Derek J. Dostal, Esq.

E-Mail: derek.dostal@davispolk.com

 

and

 

Evercore Group L.L.C.

55 East 52nd Street, Ste 35

New York, New York 10055

Attn: Kenneth Masotti

E-mail: masotti@Evercore.com

 

and

 

BofA Securities, Inc.

One Bryant Park

New York, New York 10036

Facsimile: (646) 855-3073 

Attn: Syndicate Department 

with a copy to: 

Facsimile: (212) 230-8730 

Attn: ECM Legal

 

and

 

White & Case LLP 

1221 Avenue of the Americas 

New York, New York 10020 

Attn: Joel Rubinstein & Elliott Smith

 

(f)       No
party to this Agreement may assign its rights or delegate its obligations hereunder without the prior consent of the other person or entity.

 

    6 

     

    

(g)       Each
of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized to enter into this
Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make
any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account
under any circumstance.

 

(h)       This
Agreement is the joint product of the Trustee and the Company 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.

 

(i)       This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall
together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic transmission
shall constitute valid and sufficient delivery thereof.

 

(j)       Each
of the Company and the Trustee hereby acknowledges and agrees that Evercore Group L.L.C. and BofA Securities, Inc., as Underwriters, are
third party beneficiaries of this Agreement.

 

[Signature Page Follows] 

    7 

     

    

IN WITNESS WHEREOF, the parties have duly
executed this Investment Management Trust Agreement as of the date first written above.

 

	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Trustee
	 	 
	 	 
	 	By:	/s/ Francis Wolf
	 	 	Name:	Francis Wolf
	 	 	Title:	Vice President

   

 

	 	CORSAIR PARTNERING CORPORATION
	 	 
	 	 
	 	By:	/s/ Paul Cabral
	 	 	Name:	Paul Cabral
	 	 	Title:	Chief Financial Officer

 

 

 

[Signature Page to Investment Management Trust
Agreement] 

     

     

    

SCHEDULE A

 

	
    Fee Item
	
    Time
and method of payment
	
    Amount

	Initial acceptance fee	Initial closing of the Offering by wire transfer	$ 3,500.00
	Annual fee	First year, initial closing of Offering by wire transfer; thereafter on the anniversary of the effective date of the Offering by wire transfer or check	$ 10,000.00
	Transaction processing fee for disbursements to Company under Sections 1(i), (j) and (k)	Billed to the Company following disbursement made to Company under Section 1	$ 250.00
	Paying Agent services as required pursuant to Section 1(i) and Section 1(k)	Billed to Company upon delivery of service pursuant to Section 1(i) and Section 1(k)	Prevailing rates

   

 

     

     

    

EXHIBIT A

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re: Trust Account - Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(i) of the Investment Management
Trust Agreement between Corsair Partnering Corporation (the “Company”) and Continental Stock Transfer &
Trust Company (the “Trustee”), dated as of June 30, 2021 (the “Trust Agreement”),
this is to advise you that the Company has entered into an agreement with (the “Partner Company”) to consummate
a partnering transaction with the Partner Company (the “Partnering Transaction”) on or about    ,
2021. The Company shall notify you at least seventy-two (72) hours in advance of the actual date of the consummation of the Partnering
Transaction (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings
set forth in the Trust Agreement.

 

In accordance with the terms of the Trust Agreement,
we hereby authorize you to commence to liquidate all of the assets of the Trust Account, and to transfer the proceeds into the trust operating
account at J.P. Morgan Chase Bank, N.A. to the effect that, on the Consummation Date, all
of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct
on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust operating account at J.P.
Morgan Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends.

 

On the Consummation Date (i) counsel for the Company
shall deliver to you written notification that the Partnering Transaction has been consummated, or will be consummated concurrently with
your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company
shall deliver to you (a) a certificate of the Chief Executive Officer or Chief Financial Officer, which verifies that the Partnering Transaction
has been approved by a vote of the Company’s shareholders, if a vote is held and (b) joint written instruction signed by the Company
and Evercore Group L.L.C. and BofA Securities, Inc. (the “Underwriters”) with respect to the transfer of the
funds held in the Trust Account, including payment of amounts owed to public shareholders who have properly exercised their redemption
rights and payment of the Deferred Discount directly to the account or accounts directed by the Underwriters from the Trust Account (the
“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account
immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter.
In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will
notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account
and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds, net of any payments necessary for
reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated.

 

In the event that the Partnering Transaction is
not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation
Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust
Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation
Date as set forth in the notice as soon thereafter as possible.

 

    A-1 

     

    

 

	 	Very truly yours,
	 	 
	 	CORSAIR PARTNERING CORPORATION
	 	By:	 
	 	 	Name:	Paul Cabral
	 	 	Title:	Chief Financial Officer

 

		cc:	Evercore Group L.L.C.

BofA Securities, Inc.

 

    A-2 

     

    

EXHIBIT B

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re: Trust Account - Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(i) of the Investment Management
Trust Agreement between Corsair Partnering Corporation (the “Company”) and Continental Stock Transfer &
Trust Company (the “Trustee”), dated as of    , 2021 (the “Trust Agreement”),
this is to advise you that the Company has been unable to effect a partnering transaction with a Partner Company (the “Partnering
Transaction”) within the time frame specified in the Company’s Amended and Restated Memorandum and Articles of Association,
as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but not defined herein shall have the
meanings set forth in the Trust Agreement.

 

In accordance with the terms of the Trust Agreement,
we hereby authorize you to liquidate all of the assets in the Trust Account on     , 2021 and to transfer the
total proceeds into the trust operating account at J.P. Morgan Chase Bank, N.A. to await
distribution to the Public Shareholders. The Company has selected        as the effective date for the purpose
of determining when the Public Shareholders will be entitled to receive their share of the liquidation proceeds. It is acknowledged that
no interest will be earned by the Company on the liquidation proceeds while on deposit in the trust operating account. You agree to be
the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s
Public Shareholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles of Association
of the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to
liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated, except to the extent otherwise provided
in Section 1(j) of the Trust Agreement.

 

 

	 	Very truly yours,
	 	 
	 	CORSAIR PARTNERING CORPORATION
	 	By:	 
	 	 	Name:	Paul Cabral
	 	 	Title:	Chief Financial Officer

 

 

		cc:	Evercore Group L.L.C.

BofA Securities, Inc.

 

    B-1 

     

    

EXHIBIT C

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re: Trust Account - Tax Payment Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(j) of the Investment Management
Trust Agreement between Corsair Partnering Corporation (“Company”) and Continental Stock Transfer & Trust
Company (“Trustee”), dated as of June 30, 2021 (“Trust Agreement”), the Company
hereby requests that you deliver to the Company $      of the interest income earned on the Property as of the date
hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company needs such funds to pay for the tax
obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement, you are hereby
directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating
account at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	Very truly yours,
	 	 
	 	CORSAIR PARTNERING CORPORATION
	 	 
	 	 
	 	By:	 
	 	 	Name:	Paul Cabral
	 	 	Title:	Chief Financial Officer

  

 

		cc:	Evercore L.L.C.

BofA Securities, Inc.

 

    C-1 

     

    

EXHIBIT D

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re: Trust Account - Shareholder Redemption Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Reference is made to the Investment Management
Trust Agreement between Corsair Partnering Corporation (“Company”) and Continental Stock Transfer & Trust
Company (“Trustee”), dated as of June 30, 2021 (“Trust Agreement”), the Company
hereby requests that you deliver to the redeeming Public Shareholders of the Company $____ of the principal and interest income earned
on the Property as of the date hereof to a segregated account held by you on behalf of the Beneficiaries for distribution to the Public
Shareholders who have requested redemption of their Class A Ordinary Shares. Capitalized words used herein and not otherwise defined shall
have the meanings ascribed to them in the Trust Agreement.

 

The Company needs such funds to pay its Public
Shareholders who have properly elected to have their Class Ordinary Shares redeemed by the Company in connection with a shareholder vote
to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (A) to modify the substance
or timing of the Company’s obligation to allow redemption in connection with its initial Partnering Transaction or to redeem 100%
of its public Class A Ordinary Shares if the Company has not consummated an initial Partnering Transaction within such time as is described
in the Company’s Amended and Restated Memorandum and Articles of Association or (B) with respect to any other material provisions
relating to shareholders’ rights or pre-initial Partnering Transaction activity. As such, you are hereby directed and authorized
to transfer (via wire transfer) such funds promptly upon your receipt of this letter.

 

 

	 	Very truly yours,
	 	 
	 	CORSAIR PARTNERING CORPORATION
	 	 
	 	 
	 	By:	 
	 	 	Name:	Paul Cabral
	 	 	Title:	Chief Financial Officer

 

 

		cc:	Evercore Group L.L.C.

BofA Securities, Inc.

 

    D-1

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