Document:

Exhibit 10.1

 

April 8, 2021

 

Global SPAC Partners Co.

2093 Philadelphia Pike #1968

Claymont, DE 19703

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 among Global SPAC Partners Co., a Cayman Islands exempted company (the “Company”),
and I-Bankers Securities, Inc., as representative (the “Representative”) of the several underwriters (each,
an “Underwriter” and collectively, the “Underwriters”), relating to an underwritten
initial public offering (the “Public Offering”), of up to 18,400,000 of the Company’s units (including
up to 2,400,000 units that may be purchased to cover over-allotments, if any) (the “Units”), each comprised
of (i) one subunit (consisting of one Class A ordinary share of the Company, par value $0.0001 per share (the “Ordinary
Shares”) and one-quarter of one warrant) (the “Subunits”) and (ii) one-half of one warrant. Each
whole warrant (each, a “Warrant”) entitles the holder thereof to purchase one Ordinary Share. The Units shall
be sold in the Public Offering pursuant to a registration statement on Form S-1 (File No. 333-249465) and prospectus (the
“Prospectus”) filed by the Company with the Securities and Exchange Commission (the “Commission”)
and the Company shall apply to have the Units listed on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in
Section 11 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, Global SPAC Sponsors LLC (the “Sponsor”),
the Representative and the undersigned individuals, each of whom is a member of the Company’s board of directors and/or management
team, hereby agree with the Company as follows:

 

1. The Sponsor and each Insider
agrees that (A) if the Company seeks shareholder approval of a proposed Business Combination, then in connection with such proposed Business
Combination, it, he or she shall (i) vote any Shares owned by it, him or her in favor of any proposed Business Combination and (ii) not
redeem any Subunits owned by it, him or her in connection with such shareholder approval, (B) if the Company engages in a tender offer
in connection with any proposed Business Combination, it, he or she shall not sell any Subunits to the Company in connection therewith
and (C) if the Company seeks shareholder approval of any proposed amendment to the Charter prior to the consummation of a Business Combination,
it, he or she shall not redeem any Subunits owned by it, him or her in connection with such shareholder approval.

 

2. (a) The Sponsor and each Insider
hereby agrees that in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter,
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 Subunits sold as part of the Units in the Public Offering (the “Offering Subunits”),
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 any taxes (less up to $100,000 of interest
to pay dissolution expenses), divided by the number of then outstanding Offering Subunits, which redemption will completely extinguish
all Public Shareholders’ 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 the case of clauses (ii) and (iii)
above to the Company’s obligations under Cayman Islands law to provide for claims of creditors and other requirements of applicable
law. The Sponsor and each Insider agrees to not propose any amendment to the Charter (i) that would affect the substance or timing of
the Company’s obligation to redeem 100% of the Offering Subunits if the Company does not complete a Business Combination within
the time period described in the Prospectus or (ii) with respect to any other provision relating to shareholders’ rights or pre-Business
Combination activity, unless the Company provides its public shareholders with the opportunity to redeem their Offering Subunits upon
approval of any such amendment at a per-subunit 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 any
taxes, divided by the number of then outstanding Offering Subunits.

 

     

     

    

 

(b) Each Insider who is a member of the
Company’s board of directors hereby agrees that in the event of such Insider’s resignation or removal from the Company’s
board of directors prior to the Company’s consummation of the initial Business Combination, the Insider shall Transfer any Founder
Shares that they hold to the Sponsor, as directed by the Company. The Sponsor that would otherwise receive such Founder Shares has the
sole and absolute discretion to waive this requirement.

 

The Sponsor and each Insider
acknowledges that it, 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 held by it, him or her. The
Sponsor and each Insider hereby further waives any claim such Sponsor or Insider may have in the future as a result of, or arising out
of, any contracts or agreements with the Company and will not seek recourse against the Trust Fund for any reason whatsoever except in
each case with respect to the Sponsor’s or the Insider’s right to a pro rata interest in the proceeds held in the Trust Fund
for any Offering Subunits such Sponsor or Insider may hold.

 

3. 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 Representative, (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any
option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position
or liquidate or decrease 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 Units, Subunits, Ordinary Shares, Founder
Shares, Warrants or any securities convertible into, or exercisable, or exchangeable for, Ordinary Shares owned by it, him or her, (ii) enter
into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any
Units, Subunits, Ordinary Shares, Founder Shares, Warrants or any securities convertible into, or exercisable, or exchangeable for, Ordinary
Shares owned by it, him or her, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or
(iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii). Each of the Insiders and the
Sponsor acknowledges and agrees that, prior to the effective date of any release or waiver of the restrictions set forth in this Section
3, the Company shall announce the impending release or waiver by press release through a major news service at least two business days
before the effective date of the release or waiver. Any release or waiver granted shall only be effective two business days after the
publication date of such press release. The provisions of this Section 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.

 

4. 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) 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 target business with which
the Company has entered into a letter of intent, confidentiality or other similar agreement or a Business Combination agreement (a “Target”); 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 or products sold to the Company or a Target do not reduce the amount of funds in the Trust Account to below
(i) $10.10 per subunit of the Offering Subunits or (ii) such lesser amount per subunit of the Offering Subunits 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 taxes, except as to any claims
by a third party (including a Target) 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. 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.

 

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5. To the extent that the
Underwriters do not exercise their over-allotment option to purchase up to an additional 2,400,000 Units within 45 days from the date
of the Prospectus (and as further described in the Prospectus), the Sponsor agrees to surrender, at no cost, a number of Founder Shares
in the aggregate equal to 600,000 multiplied by a fraction, (i) the numerator of which is 2,400,000 minus the number of Units purchased
by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 2,400,000.

 

6. 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 Sections 1, 2, 3, 4, 5, 7(a), 7(b), and 9, 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.

 

7. (a) Subject to Section
7(c), the Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder Shares (or Ordinary Shares issuable upon conversion
thereof) until the earlier of (A) six months after the completion of the Company’s initial Business Combination or (B) subsequent
to the Business Combination, (x) if the last sale price of the Ordinary Shares equals or exceeds $12.50 per share (as adjusted for sub-division,
stock capitalization, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period following
the consummation of the Company’s initial Business Combination or (y) or earlier, in any case, if, following the initial Business
Combination, the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in
all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the
“Founder Shares Lock-up Period”). For the avoidance of doubt, the satisfaction of any of the conditions
of clauses (x), (y) and (z) shall permit the termination of the transfer prohibition with respect to all Founder Shares included within
that pricing level or any lower pricing level.

 

(b) Subject to Section 7(c),
the Sponsor, the Representative and each Insider agrees that it, he or she shall not Transfer any Placement Units, Placement Subunits,
Placement Shares, Placement Warrants (or Ordinary Shares issued or issuable upon the conversion or exercise of Placement Warrants), until
30 days after the completion of a Business Combination (the “Placement Unit Lock-up Period”).

 

(c) Notwithstanding the
provisions set forth in Sections 7(a) and (b), Transfers of the Founder Shares, Placement Units, Placement Subunits, Placement Shares,
Placement Warrants and Ordinary Shares issued or issuable upon the exercise or conversion of Placement Warrants or the Founder Shares
and that are held by the Sponsor, the Representative, any Insider or any of their permitted transferees (that have complied with this
Section 7(c)), are permitted (1) (a) to the Company’s or the Representative’s officers and directors, the Initial Holders,
and other Insiders, (b) to an affiliate or immediate family member of any of the Company’s or the Representative’s officers,
directors, Initial Holders and other Insiders, (c) to any member, partner, officer or director of the Sponsor or the Representative,
or any immediate family member, partner, affiliate or employee of a member of the Sponsor or the Representative, (d) by gift to any
permitted transferee under any of the immediately preceding subsections (a) through (c), a trust, the beneficiaries of which are
one or more permitted transferees under any of the immediately preceding subsections (a) through (c), or a charitable organization,
(e) by virtue of laws of descent and distribution upon death of any of the Company’s or the Representative’s officers,
directors, Initial Holders or members of the Sponsor or the Representative, (f) pursuant to a qualified domestic relations order,
(g) in the event of the Company’s liquidation prior to consummation of the initial Business Combination, (h) by virtue
of the laws of the Cayman Islands or the Sponsor’s or the Representative’s organizational documents upon dissolution of the
Sponsor or the Representative, (i) subsequent to the initial Business Combination, upon and in connection with a liquidation, merger,
share exchange or other similar transaction which results in all of the Company’s shareholders having the right to exchange their
Ordinary Shares for cash, securities or other property, (j) subsequent to the initial Business Combination, in the event of a consolidation
merger, share exchange or similar transaction in which the Company is the surviving entity that results in a change in the majority of
its board of directors or management team and (k) through private sales or transfers made in connection with any forward purchase
agreement or similar arrangement or in connection with the consummation of the initial Business Combination at prices no greater than
the price at which the securities were originally purchased; provided, however, that in the case of clauses (a) through (f), (h) and
(k) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions, and (2)
in connection with an initial Business Combination with the consent of the Company to any third party that agrees in writing to be bound
by the provisions of this Letter Agreement applicable to Insiders (other than paragraph 1). For the avoidance of doubt, for the purposes
of this Letter Agreement, a managed account managed by the same investment manager of any member of the Sponsor shall be deemed an affiliate
of such member.

 

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(d) The Representative acknowledges that
the Representative’s Shares, the Placement Units (including their component parts) held by the Representative and the related registration
rights have been deemed compensation by the Financial Industry Regulatory Authority (“FINRA”) and are therefore
subject to a lock-up period of 180 days immediately following the date of the effectiveness of the registration statement of which
the Prospectus forms a part pursuant to Rule 5110(g)(1) of the FINRA Manual (the “Representative’s Securities Lock-up
Period” and, together with the Founder Shares Lock-up Period and the Placement Units Lock-up Period, the “Lock-up
Periods”). Pursuant to FINRA Rule 5110(g)(1), the Representative agrees that Representative’s Shares and the
Placement Units (including their component parts) held by the Representative will not be sold during the offering, or sold, transferred,
assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put or call transaction that would result
in the economic disposition of the securities by any person during the Representative’s Securities Lock-up Period or commencement
of sales of the public offering, except to any Underwriter and selected dealer participating in the offering and their bona fide officers
or partners, provided that all securities so transferred remain subject to the lockup restriction above for the remainder of the time
period.

 

(e) Subject to the limitations
described herein, each Insider shall retain all of such Insider’s rights as a security holder during, as applicable, the Lock-Up
Periods including, without limitation, the right to vote, as the case may be, the Founder Shares and/or Placement Shares.

 

8. 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. Each Insider’s questionnaire furnished
to the Company is true and accurate in all 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 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 is not currently a defendant in any such criminal proceeding.

 

9. 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 or cash payments prior to, or in connection with any services
rendered in order to effectuate the consummation of the Company’s initial Business Combination (regardless of the type of transaction
that it is), other than the amounts described in the Prospectus under the heading “Summary – The Offering – Limited
Payments to Insiders.”

 

10. 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 an officer and/or director
on the board of directors of the Company and hereby consents to being named in the Prospectus as an officer and/or director of the Company.

 

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11. As used herein, (i) “Business
Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business
combination, involving the Company and one or more businesses; (ii) “Shares” shall mean, collectively,
the Ordinary Shares and the Founder Shares; (iii) “Founder Shares” shall mean (a) the 4,600,000 Class B
ordinary shares of the Company, par value $0.0001 per share, initially issued to the Sponsor (up to 600,000 Shares of which are subject
to complete or partial surrender by the Sponsor if the over-allotment option is not exercised by the Underwriters) for an aggregate purchase
price of $25,000, or approximately $0.0054 per share, prior to the consummation of the Public Offering; (iv) “Initial
Holders” shall mean the Sponsor and any Insider that holds Founder Shares; (v) “Insiders”
shall mean the Sponsor and its members, any holders of Founder Shares or Representative’s Shares, any person who receives Placement
Units, Founder Shares, Representative’s Shares or their respective underlying securities as a Permitted Transferee and each officer
and director of the Company; (vi) “Placement Shares” shall mean the Ordinary Shares sold as part of the Placement
Units; (vii) “Placement Warrants” shall mean the Warrants to purchase up to an aggregate of 506,250 Ordinary
Shares (or Warrants to purchase up to an aggregate of 560,250 Ordinary Shares if the underwriters’ over-allotment option is exercised
in full) that are included in the Placement Units and the Placement Subunits; (viii) “Placement Units” shall
mean the aggregate of 675,000 Units (or 747,000 Units if the underwriters’ over-allotment option is exercised in full) of the Company
(each Placement Unit consists of one-half of a Placement Warrant and one Subunit, consisting of one Placement Share and one-quarter of
one Placement Warrant (the “Placement Subunits”)) sold in the Private Placement to the Sponsor and the Representative
for an aggregate purchase price of $6,750,000 (or $7,470,000 if the underwriters’ over-allotment option is exercised in full); (ix)
“Private Placement” shall mean that certain private placement transaction occurring simultaneously with the
closing of the Public Offering pursuant to which the Company has agreed to sell up to an aggregate of 747,000 Placement Units to the Sponsor
and the Representative; (x) “Public Shareholders” shall mean the holders of securities issued in the Public
Offering; (xi) “Representative’s Shares” shall mean the 100,000 Class B ordinary shares of the Company,
par value $0.0001 per share, issued to the Representative simultaneously with the closing of the Public Offering; (xii) “Trust
Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; (xiii) “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); and (xiv) “Charter” shall
mean the Company’s memorandum and articles of association, as the same may be amended from time to time.

  

12. 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.

 

13. 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 Section 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.

 

14. 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.

 

15. 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.

 

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16. 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.

 

17. 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.

 

18. 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.

 

19. 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, however, that this Letter Agreement shall earlier terminate in the event that the Public Offering is not consummated and closed
by June 30, 2021; provided further that Section 4 of this Letter Agreement shall survive such liquidation.

  

[Signature Page Follows]

 

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	 	Sincerely,
	 	 
	 	GLOBAL SPAC PARTNERS CO.
	 	 
	 	By:	/s/
Bryant B. Edwards
	 	Name: 	Bryant
B. Edwards
	 	Title:	Chief
Executive Officer
	 	 
	 	GLOBAL SPAC SPONSORS LLC
	 	 
	 	By:	/s/ Bryant
B. Edwards
	 	Name:	Bryant
B. Edwards
	 	Title:	Sole
Manager
	 	 	 
	 	I-BANKERS SECURITIES, INC.
	 	 
	 	By:	/s/
Shelley Leonard
	 	Name:	Shelley
Leonard
	 	Title:	President
	 	 
	 	 /s/ Jayesh Chandan
	 	Name:	Jayesh Chandan
	 	 	
	 	/s/
Bryant B. Edwards
	 	Name: 	Bryant
B. Edwards
	 	 	 
	 	/s/
Stephen N. Cannon
	 	Name: 	Stephen
N. Cannon
	 	 	 
	 	/s/
Long Long
	 	Name: 	Long Long
	 	 	 
	 	/s/
Amir Kazmi
	 	Name: 	Amir
Kazmi
	 	 	 
	 	/s/
Marwan Abedin
	 	Name:	Marwan
Abedin

 

[Signature Page to Letter Agreement]Exhibit 10.2

 

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment Management
Trust Agreement (this “Agreement”) is made effective as of April 8, 2021 by and between Global SPAC Partners
Co., 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, No. 333-249465 (the “Registration Statement”) and related prospectus
(the “Prospectus”) for the initial public offering of the Company’s units (the “Units”),
each of which consists of (i) one subunit (the “Subunits”), consisting of one Class A ordinary share of the
Company, par value $0.0001 per share (the “Ordinary Shares”) and one-quarter of one warrant, and (ii) one-half
of one warrant, each whole warrant to purchase one Ordinary Share (such initial public offering hereinafter referred to as the “Offering”),
was declared effective by the U.S. Securities and Exchange Commission on April 8, 2021; and

 

WHEREAS, the Company has entered
into an Underwriting Agreement (the “Underwriting Agreement”) with I-Bankers Securities, Inc. (“Representative”)
as representative of the several underwriters named therein (the “Underwriters”); and

 

WHEREAS, as described in the
Registration Statement, $161,600,000 of the gross proceeds of the Offering and sale of the Placement Units (as defined in the Underwriting
Agreement) (or $185,840,000 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 in the United States (the “Trust Account”) for the
benefit of the Company and the holders of the Company’s Subunits 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 are referred herein to as the “Public Shareholders,”
and the Public Shareholders and the Company together are referred to herein as the “Beneficiaries”); and

 

WHEREAS, pursuant to the Underwriting
Agreement, $5,600,000, or up to $6,440,000 if the Underwriters’ over-allotment option is exercised in full, of the Property is attributable
to deferred underwriting discounts and commissions that may be payable by the Company to the Representative upon the consummation of the
Business Combination (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 at JPMorgan 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)(2), (d)(3), (d)(4) and (d)(5) of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended,
which invest only in direct U.S. government treasury obligations, as determined by the Company; 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;

 

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(d) Collect and receive, when
due, all 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 Representative 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 or Chairman of the board of directors (the “Board”)
or other authorized officer of the Company (and in the case of Exhibit A, jointly signed by the Representative), and complete the
liquidation of the Trust Account and distribute the Property in the Trust Account, including any amounts representing interest earned
on the Trust Account, less interest previously released to, or reserved for use by, the Company in an amount up to $100,000 to pay dissolution
expenses (as applicable) and less any other interest released to, or reserved for use by, the Company to pay taxes as provided in this
Agreement 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) 12 months 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, 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 any amounts representing interest earned
on the Trust Account, less interest previously released to, or reserved for use by, the Company in an amount up to $100,000 to pay dissolution
expenses (as applicable) and less any other interest released to, or reserved for use by, the Company to pay taxes, shall be distributed
to the Public Shareholders of record as of such date. The Trustee agrees to serve as the paying agent of record (“Paying Agent”)
with respect to any distribution of Property that is to be made to the Public Shareholders and, in its separate capacity as Paying Agent,
agrees to distribute such Property directly to the Company’s Public Shareholders in accordance with the terms of this Agreement
and the Company’s amended and restated memorandum and articles of association in effect at the time of such distribution;

 

(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
Request”), withdraw from the Trust Account and distribute to the Company interest in an amount up to $100,000 to pay dissolution
expenses and any interest to cover any tax obligation owed by the Company as a result of assets of the Company or any taxes of the Company
which amount shall be delivered directly to the Company by electronic funds transfer or other method of prompt payment. To the extent
there is not sufficient cash in the Trust Account to fulfill a Withdrawal Request, 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. The Trustee acknowledges and agrees that no amount in excess of interest income
earned on the Property shall be payable from the Trust Account to the Company pursuant to this Section 1(j). A Withdrawal Request
shall constitute presumptive evidence that the Company is entitled to said funds, and the Trustee shall have no responsibility to look
beyond said request; and

 

    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, the Trustee
shall distribute on behalf of the Company the amount requested by the Company to be used to redeem Subunits 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 to modify the substance or timing of the ability of Public Shareholders to seek redemption in connection with an initial
Business Combination or the Company’s obligation to redeem 100% of its public Subunits if the Company has not consummated an initial
Business Combination within such time as is described in Section 1(i) of this Agreement. 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) through 1(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 or Chief Financial Officer.
In addition, except with respect to its duties under Sections 1(i), 1(j) and 1(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), the Trustee 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 shall 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 the Business Combination is consummated. 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) 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 exchange, asset acquisition, share purchase, reorganization or similar business
combination involving the Company and one or more businesses (a “Business Combination”), provide to the Trustee
an affidavit or certificate of the inspector of elections for the general meeting verifying the vote of such shareholders regarding such
Business Combination;

 

(e) Provide the Representative
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;

 

(f) 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

     

    

 

(g) Within four (4) business
days after the Underwriters exercise the over-allotment option (or any portion thereof) or such over-allotment expires, provide the Trustee
with a notice in writing of the total amount of the Deferred Discount due with respect to such exercise, which shall be up to $6,440,000;
and 

 

(h) Unless otherwise agreed
between the Company and the Representative, ensure that any Instruction Letter (as defined in Exhibit A) delivered in connection
with a Termination Letter in the form of Exhibit A expressly provides that the Deferred Discount is paid directly to the account
or accounts directed by the Representative on behalf of the Underwriters prior to any transfer of the funds held in the Trust Account
to the Company or any other person.

 

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 third 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 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) Refund any depreciation
in principal of any Property;

 

(e) 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;

 

(f) 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;

 

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

 

(h) Provide any assurance that
any Business Combination entered into by the Company or any other action taken by the Company is as contemplated by the Registration Statement;

 

(i) 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;

 

(j) 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

 

    4

     

    

 

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

 

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 Section 2(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 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) and distributed
the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except as set forth in 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 may not be modified, amended or deleted without the affirmative vote of a majority of the then outstanding
Ordinary Shares and Class B ordinary shares, par value $0.0001 per share, of the Company voting together as a single class; provided that
no such amendment will affect any Public Shareholder who has elected to redeem his, her or its Subunits in connection with a shareholder
vote to amend this Agreement), 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.

 

    5

     

    

 

(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. 

 

(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 facsimile transmission or 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

Email: fwolf@continentalstock.com

Email: cgonzalez@continentalstock.com

Fax No.: (212) 509-5150

 

if to the Company, to:

 

Global SPAC Partners Co.

2093 Philadelphia Pike #1968

Claymont, DE 19703

Attn: Bryant B. Edwards

Email: bryant@spacpartners.com

 

in each case, with copies to:

 

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas

New York, NY 10105

Attn: Stuart Neuhauser, Esq.

Email: sneuhauser@egsllp.com

 

if to the Representative, to:

 

I-Bankers Securities, Inc.

535 5th Avenue

New York, NY 10017

Attn.: Mike McCrory

Email: mike@ibsgroup.net

 

and

 

Ropes & Gray LLP

1211 Avenue of the Americas

New York, NY 10036-8704

Attn: Paul D. Tropp, Esq.

Email: Paul.Tropp@ropesgray.com

 

(f) This Agreement may not be
assigned by the Trustee without the prior consent of the Company.

 

    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 I-Bankers Securities, Inc., on behalf of the Underwriters, is a third party beneficiary
of this Agreement.

 

(k) Except as specified herein,
no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person or entity.

 

[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

 

	 	Global SPAC Partners Co.
	 	 	 
	 	By:	/s/ Bryant B. Edwards
	 	 	Name:  	Bryant B.
Edwards
	 	 	Title: 	Chief Executive Officer

 

[Signature Page to the Global SPAC Partners Co.
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 the 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 Section 1	 	Billed to Company following disbursement made to Company under Section 1	 	$	250.00	 
	Paying Agent services as required pursuant to Section 1	 	Billed to Company upon delivery of service pursuant to Section 1	 	 	Prevailing rates	 

 

    Sch. A-1

     

    

 

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 Global SPAC Partners Co. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of April 8, 2021 (“Trust Agreement”),
this is to advise you that the Company has entered into an agreement with (“Target Business”) to consummate
a business combination with Target Business (“Business Combination”) on or about [insert date]. The Company
shall notify you at least seventy-two (72) hours in advance of the actual date of the consummation of the Business Combination (“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 JPMorgan Chase Bank, N.A. so 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 (including
as directed to it by the Representative on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and
agreed that while the funds are on deposit in the trust operating account at JPMorgan 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 Business Combination 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 by the Chief Executive Officer or Chief Financial Officer, which verifies that
the Business Combination has been approved by a vote of the Company’s shareholders, if a vote is held, and (b) a joint written instruction
signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of
the Deferred Discount to the Representative 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 from the Trust Account, your obligations under the Trust Agreement shall be terminated.

 

    A-1

     

    

 

In the event that the Business
Combination 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.

 

	 	Very truly yours,
	 
	 	Global SPAC Partners Co.
	 	 
	 	By:	       
	 	 	Name:	  
	 	 	Title:	 

 

	AGREED TO AND	 
	ACKNOWLEDGED BY	 
	 	 
	I-Bankers Securities, Inc.	 
	 	 	 
	By:	                             	 

 

    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 Global SPAC Partners Co. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of April 8, 2021 (“Trust Agreement”),
this is to advise you that the Company has been unable to effect a business combination with a Target Business within the time frame specified
in Section 1(i) of the Trust Agreement. 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 and to transfer the total proceeds
into the trust operating account at JPMorgan Chase Bank, N.A. to await distribution to the Public Shareholders. The Company has selected
[___], 202_, as the effective date for the purpose of determining when the Public Shareholders will be entitled to receive their share
of the liquidation proceeds. In your capacity as Paying Agent, we hereby direct you 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 as in effect at the time of such distribution. Upon the distribution of all funds in 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,
	 
	 	Global SPAC Partners Co. 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

		cc:	I-Bankers
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 - Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(j)
of the Investment Management Trust Agreement between Global SPAC Partners Co. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of April 8, 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 connection with its dissolution [upon the
expiration of the 12 month period following completion of the Offering]]. 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,
	 
	 	Global SPAC Partners Co.
	 	 
	 	By:	      
	 	 	Name:
	 	 	Title:

 

		cc:	I-Bankers
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 & Celeste Gonzalez

 

Re: Trust Account Shareholder Redemption
Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(j)
of the Investment Management Trust Agreement between Global SPAC Partners Co. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of April 8, 2021 (“Trust Agreement”),
the Company hereby requests that you liquidate sufficient amounts from the trust account and 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. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company needs such funds
to pay its Public Shareholders who have properly elected to have their Subunits 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 to modify the substance
or timing of the Company’s obligation to redeem 100% of its public Subunits if the Company has not consummated an initial Business
Combination within such time as is described in Section 1(i) of the Trust Agreement. As such, you are hereby directed and authorized
to transfer (via wire transfer) such funds promptly upon your receipt of this letter to a segregated account held by you on behalf of
the Beneficiaries.

 

	 	Very truly yours,
	 	 
	 	Global SPAC Partners Co.
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

		cc:	I-Bankers
Securities, Inc.

 

 

D-1

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