Document:

Exhibit 10.6

 

SECURITIES PURCHASE AGREEMENT

 

THIS SECURITIES PURCHASE
AGREEMENT, dated as of September 28, 2020 (as it may from time to time be amended, this “Agreement”),
is entered into by and between Prospector Capital Corp., a Cayman Islands exempted company (the “Company”),
and Prospector Sponsor LLC, a Cayman Islands limited liability company (the “Purchaser”).

 

WHEREAS, the Company
intends to consummate an initial public offering of the Company’s units (the “Public Offering”),
each unit (the “Units”) consisting of one Class A ordinary share, par value $0.0001 per share, of the
Company (the “Class A Shares, and, together with the Class B Shares (as defined below), the “Ordinary
Shares”), and a portion of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A
Share at an exercise price of $11.50 per Class A Share.

 

WHEREAS, the Purchaser
has agreed to purchase (i) an aggregate of 10,050,000 warrants (the “Private Placement Warrants”), each
Private Placement Warrant entitling the holder to purchase one Class A Share at an exercise price of $11.50 per Class A Share and
(ii) 10,062,500 shares of the Company’s Class B ordinary shares, par value $0.0001 per share (the “Class B Shares,”
and, together with the Private Placement Warrants, the “Securities”).

 

NOW THEREFORE, in consideration
of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:

 

AGREEMENT

 

Section
1. Authorization, Purchase and Sale; Terms of the Securities.

 

A. Authorization
of the Securities. The Company has duly authorized the issuance and sale of the Securities to the Purchaser.

 

B. Purchase
and Sale of the Securities.

 

(i) For
the sum of $10,075,000 (the “Purchase Price”), which the Company hereby acknowledges receiving in cash,
the Company hereby issues the Securities to the Purchaser, and the Purchaser hereby purchases the Securities from the Company,
on the terms and subject to the conditions, including regarding forfeiture, set forth in this Agreement. Concurrently with the
Purchaser’s execution of this Agreement, the Company shall, at its option, deliver to the Purchaser one or more certificates
(the “Original Certificates”) registered in the Purchaser’s name representing the Securities or
effect such delivery in book-entry form.

 

C. Terms
of the Securities.

 

(i) Each
Private Placement Warrant shall have the terms set forth on Exhibit A attached hereto and other customary terms for private
placement warrants issued to sponsors of special purpose acquisition companies that will be set forth in a Warrant Agreement to
be entered into by the Company and a warrant agent in connection with the Public Offering (the “Warrant Agreement”).
The Private Placement Warrants shall be subject to potential forfeiture as set forth on Schedule I attached hereto in connection
with the closing of the Public Offering.

 

(ii) The
Class B Shares will be convertible into Class A Shares on the terms and conditions provided in the Company’s amended and
restated memorandum and articles of association (the “Articles”) to be adopted in connection with the
Public Offering. The Class B Shares shall be subject to forfeiture as set forth on Schedule I attached hereto in connection
with the closing of the Public Offering.

 

(iii) If
any Securities are forfeited in accordance with this Section 1(C), then after such time the Purchaser (or its successor in interest)
shall no longer have any rights as a holder of such forfeited Securities, and the Company shall take such action as is appropriate
to cancel such forfeited Securities.

 

     

     

    

 

(iv) In
the event an adjustment to the Original Certificates, if any, is required pursuant to this Section 1(C), then the Purchaser shall
return such Original Certificates to the Company or its designated agent as soon as practicable upon its receipt of notice from
the Company advising the Purchaser of such adjustment, following which new certificates (the “New Certificates”),
if any, shall be issued in such amount representing the adjusted number of Securities held by the Purchaser. The New Certificates,
if any, shall be returned to the Purchaser as soon as practicable. Any such adjustment for any uncertificated Securities held by
the Purchaser shall be made in book-entry form.

 

(v) At
the time of the pricing of the Public Offering, the Company, the Purchaser and any other holders of Class B Shares shall enter
into a registration rights agreement (the “Registration Rights Agreement”) on customary terms pursuant
to which the Company will grant certain registration rights relating to, among others, the Private Placement Warrants, the Class
A Shares underlying the Private Placement Warrants and the Class A Shares issuable upon the conversion of the Class B Shares.

 

(vi) The
Purchaser hereby waives any and all rights to redeem the Class B Shares for a portion of the amounts held in the trust account
into which substantially all of the proceeds of the Public Offering will be deposited (the “Trust Account”)
in the event of the Company’s failure to timely complete an initial business combination, an extension of the time period
to complete an initial business combination or upon the consummation of an initial business combination. For purposes of clarity,
in the event the Purchaser purchases Class A Shares included in the Units (“Public Shares”), either in
the Public Offering or in the aftermarket, any Public Shares so purchased shall be eligible to be redeemed for a portion of the
amounts held in the Trust Account in the event of the Company’s failure to timely complete an initial business combination
(but, for the avoidance of doubt, not in connection with an extension of the time period to complete an initial business combination
or upon the consummation of an initial business combination).

 

(vii) The
parties hereto acknowledge and agree that, for all U.S. federal (and applicable state, local, and foreign) income tax purposes,
with respect to any forfeiture of (or other adjustments with respect to) any Securities or any refund made by the Company, in each
case, pursuant to this Section 1, (a) such forfeiture (or other adjustment) or refund is integral to the terms of the Securities;
(b) except to the extent otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Internal
Revenue Code of 1986, as amended (“Code”), or any similar provision of state, local or foreign law) or
a change in applicable law, (A) the parties hereto shall treat such forfeiture (or other adjustment) or refund as an adjustment
to the Purchase Price, and (B) no such forfeiture (or other adjustment) or refund shall constitute or give rise to any actual,
constructive or deemed distribution under Section 305 or any other provision of the Code (or any similar provision of state, local
or foreign law). The parties hereto shall file all tax returns and otherwise report for tax purposes consistently with the preceding
sentence except to the extent otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the
Code or any similar provision of state, local or foreign law) or a change in applicable law.

 

Section 2. Representations
and Warranties of the Company. As a material inducement to the Purchaser to enter into this Agreement and purchase the
Securities, the Company hereby represents and warrants to the Purchaser that:

 

A. Incorporation
and Corporate Power. The Company is an exempted company duly incorporated, validly existing and in good standing under the
laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company
possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

 

B. Authorization;
No Breach.

 

(i) The
execution, delivery and performance of this Agreement and the Securities have been duly authorized by the Company. This Agreement
constitutes the legal, valid and binding obligation of the Company, enforceable in accordance with its terms except as such enforceability
may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’
rights generally and subject to general principals of equity (regardless of whether enforcement is sought in a proceeding at law
or in equity). Upon issuance in accordance with, and payment pursuant to, the terms of this Agreement, the Securities will constitute
valid and binding obligations of the Company, enforceable in accordance with their terms.

 

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(ii) The
execution and delivery by the Company of this Agreement and the Securities, the issuance and sale of the Securities, the issuance
of the Class A Shares upon exercise of the Private Placement Warrants, the conversion of the Class B Shares and the fulfillment
of, and compliance with, the respective terms hereof and thereof by the Company, do not (a) conflict with or result in a breach
of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security
interest, charge or encumbrance upon the Company’s equity or assets under, (d) result in a violation of, or (e) require
any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative
or governmental body or agency pursuant to the Articles in effect on the date hereof or as may be amended prior to completion of
the contemplated Public Offering, or any material law, statute, rule or regulation to which the Company is subject, or any agreement,
order, judgment or decree to which the Company is subject, except for any filings required after the date hereof under federal
or state securities laws.

 

C. Title
to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and upon registration in the Company’s
register of members, the Class A Shares issuable upon exercise of the Private Placement Warrants and the Class B Shares will be
duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof
and upon registration in the Company’s register of members, the Purchaser will have good title to the Securities and the
Class A Shares issuable upon exercise of the Private Placement Warrants, free and clear of all liens, claims and encumbrances of
any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated hereby, (ii) transfer
restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of
the Purchaser.

 

D. Governmental
Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority is
required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation by the
Company of any other transactions contemplated hereby.

 

E. Regulation
D Qualification. Neither the Company nor, to its knowledge, any of its affiliates, members, officers, directors or beneficial
shareholders of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated pursuant to Rule
506(d) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”).

 

Section 3. Representations
and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement and issue and sell
the Securities to the Purchaser, the Purchaser hereby represents and warrants to the Company that:

 

A. Organization
and Requisite Authority. The Purchaser is a limited liability company, duly organized, validly existing and in good standing
under the laws of the Cayman Islands. The Purchaser possesses all requisite power and authority necessary to carry out the transactions
contemplated by this Agreement.

 

B. Authorization;
No Breach.

 

(i) This
Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject
to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to
or affecting creditors’ rights or similar laws affecting the enforcement of creditors’ rights generally and to general
equitable principles (whether considered in a proceeding in equity or law).

 

(ii) The
execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by the Purchaser
does not violate, conflict with or result in a breach by the Purchaser of its corporate governance documents or the terms, conditions
or provisions of any agreement, indenture, instrument, order, judgment or decree to which the Purchaser is subject.

 

C. Investment
Representations.

 

(i) The
Purchaser is acquiring the Securities and, upon exercise of the Private Placement Warrants, the Class A Shares issuable upon such
exercise, for the Purchaser’s own account, for investment purposes only and not with a view towards, or for resale in connection
with, any public sale or distribution thereof.

 

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(ii) The
Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D, and the
Purchaser has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities
Act. The Purchaser acknowledges the sale contemplated hereby is being made in reliance on the private placement exemption in Section
4(a)(2) of the Securities Act and/or Regulation D and similar exemptions under state law. The Purchaser is purchasing the Securities
solely for investment purposes, for the Purchaser’s own account and not for the account or benefit of any other person, and
not with a view towards the distribution or dissemination thereof. The Purchaser did not decide to enter into this Agreement as
a result of any general solicitation or general advertising within the meaning of Rule 502 under the Securities Act.

 

(iii) The
Purchaser understands that the Securities are being offered and will be sold to it in reliance on specific exemptions from the
registration requirements of the United States federal and state securities laws and that the Company is relying upon the truth
and accuracy of, and the Purchaser’s compliance with, the representations and warranties of the Purchaser set forth herein
in order to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Securities.

 

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

 

(v) The
Purchaser has been furnished with all materials relating to the business, finances and operations of the Company and materials
relating to the offer and sale of the Securities which have been requested by the Purchaser. The Purchaser has been afforded the
opportunity to ask questions of the executive officers and directors of the Company, and the opportunity to obtain additional information
to verify the accuracy of all information so obtained. The Purchaser understands that its investment in the Securities involves
a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed
investment decision with respect to the acquisition of the Securities. In determining whether to make this investment, the Purchaser
has relied solely on the Purchaser’s own knowledge and understanding of the Company and its business based upon Purchaser’s
own due diligence investigation. The Purchaser understands that no person has been authorized to make any representations other
than as set forth in this Agreement and the Purchaser has not relied on any other written or oral representations relating to the
business, finances and operations of the Company in making its investment decision.

 

(vi) The
Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed on
or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities
by the Purchaser nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

 

(vii) The
Purchaser understands that: (a) the Securities have not been and are not being registered under the Securities Act or any
state securities laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder
or (2) sold in reliance on an exemption therefrom; (b) the certificates or book-entries representing the Securities will contain
a legend or notation in respect of such restrictions; and (c) except as specifically set forth in the Registration Rights
Agreement, neither the Company nor any other person is under any obligation to register the Securities under the Securities Act
or any state securities laws or to comply with the terms and conditions of any exemption thereunder. While the Purchaser understands
that Rule 144 is not available for the resale of securities initially issued by shell companies (other than business combination
related shell companies) or issuers that have been at any time previously a shell company, the Purchaser understands that Rule
144 includes an exception to this prohibition if the following conditions are met: (i) the issuer of the securities that was formerly
a shell company has ceased to be a shell company; (ii) the issuer of the securities is subject to the reporting requirements of
Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (iii) the
issuer of the securities has filed all Exchange Act reports and material required to be filed, as applicable, during the preceding
12 months (or such shorter period that the issuer was required to file such reports and materials), other than Form 8-K reports;
and (iv) at least one year has elapsed from the time that the issuer filed current Form 10 type information with the SEC reflecting
its status as an entity that is not a shell company. The Purchaser agrees that if any transfer of the Securities or any interest
therein is proposed to be made, as a condition precedent to any such transfer, the Purchaser may be required to provide to the
Company an opinion of counsel satisfactory to the Company.

 

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(viii) The
Purchaser has such knowledge and experience in financial and business matters, knows of the high degree of risk associated with
investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and
risks of an investment in the Securities and is able to bear the economic risk of an investment in the Securities in the amount
contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing for its current financial
needs and contingencies and will have no current or anticipated future needs for liquidity which would be jeopardized by the investment
in the Securities. The Purchaser can afford a complete loss of its investment in the Securities.

 

Section 4. Restrictions
on Transfer

 

A. Securities
Laws Restrictions. In addition to any restrictions to be contained in that certain letter agreement (commonly known as an “Insider
Letter”) to be dated as of the pricing of the Public Offering by and between the Purchaser and the Company (which
will also contain other agreements with respect to the Securities), Subscriber agrees not to sell, transfer, pledge, hypothecate
or otherwise dispose of all or any part of the Securities unless, prior thereto, (a) a registration statement on the appropriate
form under the Securities Act and applicable state securities laws with respect to the Securities proposed to be transferred shall
then be effective or (b) the Company has received an opinion from counsel, reasonably satisfactory to the Company, that registration
is not required because such transaction is exempt from registration under the Securities Act and the rules promulgated by the
Securities and Exchange Commission thereunder and all applicable state securities laws.

 

B. Additional
Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary
dividend payable in a form other than Class B Shares, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization
or a similar transaction affecting the Company’s outstanding Class B Shares without receipt of consideration, any new, substituted
or additional securities or other property which are by reason of such transaction distributed with respect to any Class B Shares
subject to this Section 6 or into which such Class B Shares thereby become convertible shall immediately be subject to this Section
6 and Section 1(C) hereof. Appropriate adjustments to reflect the distribution of such securities or property shall be made to
the number and/or class of Class B Shares subject to this Section 4 and Section 1(C).

 

Section 5 Termination. This
Agreement may be terminated at any time after June 30, 2020 upon the election by either the Company or the Purchaser upon written
notice to the other party if the closing of the Public Offering does not occur prior to such date.

 

Section 6. Survival
of Representations and Warranties. All of the representations and warranties contained herein shall survive the purchase
of the Securities.

 

Section 7. Definitions. Terms
used but not otherwise defined in this Agreement shall have the meaning assigned to such terms in the registration statement on
Form S-1 the Company plans to file with the U.S. Securities and Exchange Commission, under the Securities Act.

 

Section 8. Miscellaneous.

 

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

 

B. Notices.
All notices, statements or other documents which are required or contemplated by this Agreement shall be in writing and delivered
(i) personally or by certified mail (return receipt requested) or overnight courier service or (ii) by electronic mail, if to the
Company, at the address of its principal offices and any electronic mail address as may be designated in writing by the Company
and, if to the Purchaser, at its address in the books and records of the Company and any electronic mail address as may be designated
in writing by the Purchaser, or to such other addresses as may be designated in writing by the Company or the Purchaser. All such
notices, statements or other documents shall be deemed received on the date of receipt by the recipient thereof if received prior
to 8:00 p.m. on a business day in the place of receipt. Otherwise, any such notices, statements or other documents shall be deemed
to have been received on the next succeeding business day in the place of receipt.

 

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C. Successors
and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement by or
on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether
so expressed or not. Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign this Agreement,
other than assignments by the Purchaser to affiliates thereof (including, without limitation one or more of its members).

 

D. Entire
Agreement. This Agreement, together with the Insider Letter and the Registration Rights Agreement to be entered into with respect
to the Securities, each substantially in the form to be filed as an exhibit to the Registration Statement on Form S-1 associated
with the Public Offering, embodies the entire agreement and understanding between the Purchaser and the Company with respect to
the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter
hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall
affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement.

 

E. Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be
ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

F. Counterparts.
This Agreement may be executed simultaneously in two or more counterparts, none of which need contain the signatures of more than
one party, but all such counterparts taken together shall constitute one and the same agreement.

 

G. Descriptive
Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute
a substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example
rather than by limitation.

 

H. Governing
Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all purposes shall
be construed in accordance with the internal laws of the State of New York.

 

I. Amendments.
This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by
all parties hereto.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Agreement to be effective as of the date first set forth above.

 

	 	COMPANY:
	 	 
	 	PROSPECTOR CAPITAL CORP.
	 	 
	 	By:	/s/ Derek Aberle
	 	 	Name: Derek Aberle
	 	 	Title: Chief Executive Officer
	 	 	 
	 	PURCHASER:
	 	 
	 	PROSPECTOR SPONSOR LLC
	 	 	 
	 	By:	/s/ Derek Aberle
	 	 	Name: Derek Aberle
	 	 	Title: Managing Member

 

[Signature Page to Securities Purchase
Agreement]

 

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Exhibit A

 

Warrant Terms

 

	Exercise Price:	$11.50 per share, subject to customary adjustments
	Expiration:	5 years from closing of initial business combination
	Exercisability:	Commencing at the later of 30 days after closing of initial business combination or one year from the closing of the IPO; exercisable for cash or on a cashless basis at the option of the holder

 

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Schedule I

 

Potential Forfeitures

 

(i) In
the event that (a) the Company determines in its sole discretion to issue fewer than 40,250,000 Units in the Public Offering and/or
(b) the underwriters of the Public Offering (the “Underwriters”) do not exercise their over-allotment
option (the “Over-Allotment Option”) in full, the Purchaser (or, if applicable, it and/or any transferees
of the Private Placement Warrants) shall forfeit a number of Private Placement Warrants (the “Forfeited Warrants”)
equal to (1) the number of Units by which the size of the Public Offering was reduced or as to which the Underwriters did not exercise
their overallotment option multiplied by (2) 0.2 divided by (3) the Warrant Number, and the Company shall refund from the Purchase
Price to the Purchaser a Dollar Amount equal to the product of the number of the Forfeited Warrants multiplied by the Warrant Number.
For purposes hereof, the “Warrant Number” means (a) if the Units include one-half of a warrant, 1.0,
(b) if the Units include one-third of a warrant, 1.5 and (c) if the Units include one-quarter of a warrant, 2.0.

 

(ii) In
the event that the Company determines in its sole discretion to issue one-third of a warrant in each Unit rather than one-half
of a warrant, the Purchaser (or, if applicable, it and/or any transferees of the Private Placement Warrants) shall forfeit any
and all rights to 3,350,000 Private Placement Warrants.

 

(iii) In
the event that the Company determines in its sole discretion to issue one-quarter of a warrant in each Unit rather than one-half
of a warrant, the Purchaser (or, if applicable, it and/or any transferees of the Private Placement Warrants) shall forfeit any
and all rights to 5,025,000 Private Placement Warrants.

 

(viii) In
the event the Over-Allotment Option is not exercised in full, the Purchaser (or, if applicable, it and/or any transferees of the
Class B Shares) shall forfeit any and all rights to such number of Class B Shares (up to an aggregate of 1,312,500 (as such amount
may be adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) and pro rata based upon the
percentage of the Over-Allotment Option exercised) such that immediately following such forfeiture, the Purchaser (and all other
initial shareholders of the Company prior to the Public Offering, if any) will own an aggregate of 20% of the issued and outstanding
Ordinary Shares immediately following the Public Offering.

 

 

 

9Exhibit 10.7

 

amendment
to the Securities Purchase Agreement AND Return AGREEMENT

 

This
Amendment to the Securities Purchase Agreement  and Return Agreement (this “Agreement”), dated as
of December 16, 2020, among other things, amends that certain Securities Purchase Agreement, dated as of September 28, 2020, by
and between Prospector Capital Corp., a Cayman Islands exempted company (the “Company”), and Prospector
Sponsor LLC, a Cayman Islands limited liability company (the “Transferor”) (as
the same may be further amended, modified, supplemented or waived from time to time, the “Securities Purchase Agreement”).
Capitalized terms used and not otherwise defined herein have the meanings set forth in the Securities Purchase Agreement.

 

WHEREAS, pursuant to
the terms of the Securities Purchase Agreement, the Transferor acquired 10,050,000 Private Placement Warrants and 10,062,500 Class
B Shares (the “Initial Securities”) from the Company;

 

WHEREAS, the Transferor
desires to return to the Company, and the Company desires to have returned from the Transferor, 2,300,000 Private Placement Warrants
and 2,875,000 Class B Shares (together, the “Returned Securities”);

 

WHEREAS, pursuant to
Section 8(i) of the Securities Purchase Agreement, the Securities Purchase Agreement may be amended by an instrument in writing
and signed by the Company and the Transferor; and

 

WHEREAS,
the Parties wish to amend the Securities Purchase Agreement on the terms set forth herein.

 

NOW,
THEREFORE, in consideration of the foregoing recitals, which shall constitute a part of this Agreement, and the mutual promises
contained in this Agreement, and intending to be legally bound thereby, the Company and the Transferor agree as follows:

 

Section
1. Return of Securities.

 

		1.1	Subject to the terms and conditions set forth herein, (i) the
Transferor hereby returns, assigns, transfers and delivers to the Company the Returned Securities and (ii) the Company hereby accepts
the assignment, transfer and delivery of such Returned Securities from the Transferor. 

 

		1.2	The closing of the return of the Returned Securities shall
take place on the date hereof simultaneously with the execution and delivery of this Amendment by electronic delivery of documents
(by pdf, email or other form of electronic communication). Each of the Transferor and the Company hereby agrees and acknowledges
that effective immediately, the Transferor ceases to own any of the Returned Securities. 

 

		1.3	In full consideration for the return by the Transferor of the
Returned Securities, on the date hereof, the Company shall repay $2,300,000 by wire transfer of immediately available funds to
the account designated by the Transferor. 

 

		1.4	The parties hereto acknowledge and agree that, for all U.S.
federal (and applicable state, local, and foreign) income tax purposes, (a) the return of the Returned Securities was integral
to the terms of the Securities and (b) except to the extent otherwise required pursuant to a "determination" (as defined
in Section 1313(a) of the Internal Revenue Code of 1986, as amended (the “Code”), or any similar provision
of state, local or foreign law) or a change in applicable law, (i) for valid business reasons, such return is intended to restore
the Transferor’s position with respect to the ownership of the Private Placement Warrants and Class B Shares of the Company
to the intended status as if the Initial Securities did not include the Returned Securities, and, accordingly, the purchase and
sale of the Initial Securities, to the extent that such Initial Securities constitute the Returned Securities, shall be disregarded,
(ii) the parties hereto shall treat such return as an adjustment to the number of, and the purchase price paid for, the Initial
Securities under the Securities Purchase Agreement and not as a separate sale or exchange of the Returned Securities, and (iii)
such return shall not constitute or give rise to any actual, constructive or deemed distribution under Section 311 or any other
provision of the Code (or any similar provision of state, local or foreign law). The parties hereto shall file all tax returns
and otherwise report for tax purposes consistently with the preceding sentence except to the extent otherwise required pursuant
to a "determination" (as defined in Section 1313(a) of the Code or any similar provision of state, local or foreign law)
or a change in applicable law.

 

     

     

    

 

Section 2. Representations and Warranties
of the Transferor.

 

As a material inducement
to the Company to enter into this Agreement and buy the Returned Securities, the Transferor hereby represents and warrants to the
Company that:

 

		1.1	The Transferor is a limited liability company duly incorporated, validly existing and in good standing
under the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would
reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Transferor.
The Transferor possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this
Agreement.

 

		1.2	The execution, delivery and performance of this Agreement and the sale of the Returned Securities
have been duly authorized by the Transferor. This Agreement constitutes the legal, valid and binding obligation of the Transferor,
enforceable in accordance with its terms except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent
conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general principals of
equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

 

		1.3	The execution and delivery by the Transferor of this Agreement and the Securities do not (a) conflict
with or result in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the
creation of any lien, security interest, charge or encumbrance upon the Transferor’s equity or assets under, (d) result
in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration
to, or filing with, any court or administrative or governmental body or agency pursuant to the Transferor’s governing document
in effect on the date hereof or as may be amended prior to completion of the contemplated Public Offering, or any material law,
statute, rule or regulation to which the Transferor is subject, or any agreement, order, judgment or decree to which the Transferor
is subject, except for any filings required after the date hereof under federal or state securities laws.

 

		1.4	No permit, consent, approval or authorization of, or declaration to or filing with, any governmental
authority is required in connection with the execution, delivery and performance by the Transferor of this Agreement or the consummation
by the Transferor of any other transactions contemplated hereby.

 

		1.5	Neither the Transferor nor, to its knowledge, any of its affiliates, members, officers, directors
or beneficial shareholders of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated pursuant
to Rule 506(d) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”).

 

Section
3. Certain Amendments to the Securities Purchase Agreement.

 

		1.1	The Securities Purchase Agreement is hereby amended such that Schedule I to the Securities Purchase
Agreement is hereby replaced in its entirety by the form attached hereto as Attachment 1. From and after the date hereof,
references to “Schedule I” in the Securities Purchase Agreement and/or any Exhibit thereto shall be deemed references
to the form of Schedule I attached hereto as Attachment 1.

 

		1.2	Except as otherwise expressly set forth in this Agreement, the provisions of the Securities Purchase
Agreement and the Exhibits thereto, as amended by this Agreement, remain in full force and effect. From and after the date hereof,
references to “this Agreement” in the Securities Purchase Agreement shall be deemed references to the Securities Purchase
Agreement, as amended by this Agreement.

 

Section
4. Miscellaneous.

 

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

 

    2

     

    

 

		1.2	Notices. All notices, statements or other documents which are required or contemplated by
this Agreement shall be in writing and delivered (i) personally or by certified mail (return receipt requested) or overnight courier
service or (ii) by electronic mail, if to the Company, at the address of its principal offices and any electronic mail address
as may be designated in writing by the Company and, if to the Transferor, at its address in the books and records of the Company
and any electronic mail address as may be designated in writing by the Transferor, or to such other addresses as may be designated
in writing by the Company or the Transferor. All such notices, statements or other documents shall be deemed received on the date
of receipt by the recipient thereof if received prior to 8:00 p.m. on a business day in the place of receipt. Otherwise, any such
notices, statements or other documents shall be deemed to have been received on the next succeeding business day in the place of
receipt.

 

		1.3	Successors and Assigns. Except as otherwise expressly provided herein, all covenants and
agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the
respective successors of the parties hereto whether so expressed or not. Notwithstanding the foregoing or anything to the contrary
herein, the parties may not assign this Agreement.

 

		1.4	Entire Agreement. This Agreement, together with the Securities Purchase Agreement, each
substantially in the form to be filed as an exhibit to the Registration Statement on Form S-1 associated with the Public Offering,
embodies the entire agreement and understanding between the Transferor and the Company with respect to the subject matter hereof
and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof. No statement, representation,
warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change
or restrict, the express terms and provisions of this Agreement.

 

		1.5	Severability. Whenever possible, each provision of this Agreement shall be interpreted in
such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited
by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of this Agreement.

 

		1.6	Counterparts. This Agreement may be executed simultaneously in two or more counterparts,
none of which need contain the signatures of more than one party, but all such counterparts taken together shall constitute one
and the same agreement.

 

		1.7	Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted
for convenience only and do not constitute a substantive part of this Agreement. The use of the word “including” in
this Agreement shall be by way of example rather than by limitation.

 

		1.8	Governing Law. This Agreement shall be deemed to be a contract made under the laws of the
State of New York and for all purposes shall be construed in accordance with the internal laws of the State of New York.

 

		1.9	Amendments. This Agreement may not be amended, modified or waived as to any particular provision,
except by a written instrument executed by all parties hereto.

 

* * * * *

 

    3

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement to be effective as of the date first set forth above.

 

	 	COMPANY:
	 	 
	 	PROSPECTOR CAPITAL CORP.
	 	 
	 	By:	/s/ Derek Aberle
	 	 	Name:  	Derek Aberle
	 	 	Title: 	Chief Executive Officer
	 	 	 
	 	TRANSFEROR:
	 	 
	 	PROSPECTOR SPONSOR LLC
	 	 	 
	 	By:	/s/ Derek Aberle
	 	 	Name: 	Derek Aberle
	 	 	Title: 	Managing Member

 

     

     

    

 

ATTACHMENT 1

 

Schedule I

 

Potential Forfeitures

 

(i) In the event that the Company determines
in its sole discretion to issue one-third of a warrant in each Unit rather than one-half of a warrant, the Purchaser (or, if applicable,
it and/or any transferees of the Private Placement Warrants) shall forfeit any and all rights to 2,583,333 Private Placement Warrants.

 

(ii) In the event that the Company determines
in its sole discretion to issue one-quarter of a warrant in each Unit rather than one-half of a warrant, the Purchaser (or, if
applicable, it and/or any transferees of the Private Placement Warrants) shall forfeit any and all rights to 3,875,000 Private
Placement Warrants.

 

(viii) In the event the Over-Allotment
Option is not exercised in full, the Purchaser (or, if applicable, it and/or any transferees of the Class B Shares) shall forfeit
any and all rights to such number of Class B Shares (up to an aggregate of 937,500 (as such amount may be adjusted for share splits,
share dividends, reorganizations, recapitalizations and the like) and pro rata based upon the percentage of the Over-Allotment
Option exercised) such that immediately following such forfeiture, the Purchaser (and all other initial shareholders of the Company
prior to the Public Offering, if any) will own an aggregate of 20% of the issued and outstanding Ordinary Shares immediately following
the Public Offering.

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