Document:

Exhibit 10.8

 

THIS
PROMISSORY NOTE (THIS “NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”).  THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE
OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE
AND SUBSTANCE TO THE MAKER THAT SUCH REGISTRATION IS NOT REQUIRED.  

 

PROMISSORY
NOTE

 

	Principal
    Amount:  Up to $200,000	Dated
    as of October 1, 2020

 

Quantum
FinTech Acquisition Corporation, a Delaware corporation (the “Maker”), promises to pay to the order of
Quantum Ventures LLC, a Delaware limited liability company, or its registered assigns or successors in interest (the
“Payee”), or order, the principal sum of Two Hundred Thousand Dollars ($200,000), or such lesser amount as
shall have been advanced by Payee to Maker and shall remain unpaid under this Note, in lawful money of the United States of America,
on the terms and conditions described below.  All payments on this Note shall be made by check or wire transfer of immediately
available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate by written
notice in accordance with the provisions of this Note.

 

1. Principal. The
principal balance of Note shall be payable on the earlier of: (i) January 31, 2021 and (ii) the date on which Maker consummates
an initial public offering of its securities (the “IPO”). The principal balance may be prepaid at any
time. Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder
of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

 

2.
Interest. No interest shall accrue on the unpaid principal balance of this Note.

 

3. Drawdown
Requests. The principal of this Note may be drawn down from time to time prior to the earlier of: (i) January 31, 2021
and (ii) the date on which Maker consummates the IPO, upon request from Maker to Payee (each, a “Drawdown Request”).
Payee shall fund each Drawdown Request within two (2) business days after receipt of a Drawdown Request; provided, however,
that the maximum amount of drawdowns collectively under this Note is Two Hundred Thousand Dollars ($200,000). Once an amount is
drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other
amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

 

4. Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum
due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late
charges and finally to the reduction of the unpaid principal balance of this Note.

 

5. Events
of Default. The following shall constitute an event of default (“Event of Default”):

 

(a) Failure
to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business
days of the date specified in Section 1 above.

 

(b) Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or
the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts
become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

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(c) Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker
in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering
the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days.

 

6. Remedies.

 

(a) Upon
the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note
to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable thereunder,
shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b) Upon
the occurrence of an Event of Default specified in Sections 5(b) or 5(c), the unpaid principal balance of this Note, and all other
sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action
on the part of Payee.

 

7. Waivers. Maker
and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest,
and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under
the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property,
real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under
execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees
that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued
hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

8. Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other
party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted
by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,
or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

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

 

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10. Construction. THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS
THEREOF.

 

11. Severability. Any
provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

12. Trust
Waiver.  Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in
which the proceeds of the IPO and the proceeds of the sale of the units issued in private placements to occur prior to the consummation
of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus to be filed with the
Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment
or satisfaction for any Claim against the trust account for any reason whatsoever.

 

13. Amendment;
Waiver.  Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent
of the Maker and the Payee.

 

14. Assignment.  No
assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law
or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent
shall be void.

  

[SIGNATURE
PAGE FOLLOWS]

 

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IN
WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned
as of the day and year first above written.

 

	 	QUANTUM
    FINTECH ACQUISITION CORPORATION
	 	 	 
	 	By:	/s/
    Miguel Leon
	 	Name:	Miguel
    Leon
	 	Title:	CFO

 

[SIGNATURE
PAGE TO PROMISSORY NOTE]

 

 

4Exhibit 10.9

 

[●], 2021

 

Quantum FinTech Acquisition Corporation

4221 W. Boy Scout Blvd.

Suite 300

Tampa, FL 33607

 

Ladies and Gentlemen:

 

Quantum FinTech Acquisition
Corporation (the “Company”), a blank check company formed for the purpose of entering into a merger, share exchange,
asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses
or entities (a “Business Combination”), intends to register its securities under the Securities Act of 1933, as amended
(“Securities Act”), in connection with its initial public offering (“IPO”), pursuant to a registration
statement on Form S-1 (“Registration Statement”).

 

The undersigned hereby
commits that it will purchase an aggregate of [●] warrants of the Company (“Private Warrants”), at a price of
$1.00 per warrant for an aggregate purchase price of $[●] (the “Private Warrant Purchase Price”).

 

At least twenty-four
(24) hours prior to the effective date of the Registration Statement, the undersigned will cause the Private Warrant Purchase Price
to be delivered to Greenberg Traurig, LLP, as escrow agent, by wire transfer as set forth in the instructions attached as Exhibit
A to hold in a non-interest bearing account until the Company consummates the IPO.

 

The consummation of
the purchase and issuance of the Private Warrants shall occur simultaneously with the consummation of the IPO. Simultaneously with
the consummation of the IPO, Continental Stock Transfer & Trust Company (“Continental”) shall deposit $[●]
of the Private Warrant Purchase Price, without interest or deduction, into the trust account (“Trust Account”) established
by the Company for the benefit of the Company’s public stockholders and the remaining $[●] shall be used by the Company
for working capital, each as described in the Registration Statement.

 

Each of the Company
and the undersigned acknowledges and agrees that Greenberg Traurig, LLP is serving hereunder solely as a convenience to the parties
to facilitate the purchase of the Private Warrants.

 

Additionally, the undersigned
agrees:

 

		●	not to propose, or vote in favor of, prior to or unrelated to an initial Business Combination, an amendment to the Company’s
Amended and Restated Certificate of Incorporation that would affect the substance or timing of the Company’s obligation to
redeem 100% of the Company’s shares of common stock sold in the IPO if the Company does not complete an initial Business
Combination within 18 months (or 24 months, if the time to complete a Business Combination is extended as described in the prospectus)
from the closing of the IPO, unless the Company provides the holders of shares of common stock sold in the IPO with the opportunity
to redeem their shares of common stock upon approval of any such amendment at a per-share price, payable in cash, equal to the
aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not
previously released to the Company to pay the Company’s franchise and income taxes, divided by the number of then outstanding
shares of common stock sold in the IPO;

 

		●	the undersigned will not participate in any liquidation distribution with respect to the Private Warrants (but will participate
in liquidation distributions with respect to any units or common stock purchased by the undersigned in the IPO or in the open market)
if the Company fails to consummate a Business Combination;

 

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		●	that the Private Warrants and underlying securities will not be transferable until 30 days after the consummation of a Business
Combination except (i) to the Company’s officers or directors, any affiliates or family members of any of the Company’s
officers or directors and any members or affiliates of the Company’s co-sponsors, (ii) by gift to a member of an individual’s
immediate family or to a trust, the beneficiary of which is a member of the individual’s immediate family, an affiliate of
such person or to a charitable organization, (iii) by virtue of the laws of descent and distribution upon death, (iv) pursuant
to a qualified domestic relations order, (v) by private sales or transfers made in connection with the consummation of an initial
Business Combination at prices no greater than the price at which the Private Warrants were originally purchased, (vi) in the event
of the Company’s liquidation prior to the completion of its initial Business Combination, (vii) by virtue of the laws of
Delaware or [●]’s liability company agreement upon dissolution of [●], or (viii) to the Company for cancellation
in connection with the consummation of a Business Combination, in each case (except for clauses (vi) and (viii)) where the transferee
agrees to the terms of the transfer restrictions; and

 

		●	the Private Warrants will include any additional terms or restrictions as is customary in other similarly structured blank
check company offerings or as may be reasonably required by the underwriters in the IPO in order to consummate the IPO, each of
which will be set forth in the Registration Statement.

 

The undersigned acknowledges
and agrees that the purchaser of the Private Warrants will execute agreements in form and substance typical for transactions of
this nature necessary to effectuate the foregoing agreements and obligations prior to the consummation of the IPO as are reasonably
acceptable to the undersigned, including but not limited to an insider letter.

 

The undersigned also
acknowledges to be bound by the terms of the private warrants described in the warrant agreement between the Company and Continental
that will be executed in connection with the Company’s IPO.

 

The undersigned hereby
represents and warrants that:

 

(a) it has been
advised that the Private Warrants have not been registered under the Securities Act;

 

(b) it will be
acquiring the Private Warrants for its account for investment purposes only;

 

(c) it has no
present intention of selling or otherwise disposing of the Private Warrants in violation of the securities laws of the United States;

 

(d) it is an “accredited
investor” as defined by Rule 501 of Regulation D promulgated under the Securities Act;

 

(e) it has had
both the opportunity to ask questions and receive answers from the officers and directors of the Company and all persons acting
on its behalf concerning the terms and conditions of the offer made hereunder;

 

(f) it is familiar
with the proposed business, management, financial condition and affairs of the Company;

 

(g) it has full
power, authority and legal capacity to execute and deliver this letter and any documents contemplated herein or needed to consummate
the transactions contemplated in this letter; and

 

(h) this letter
constitutes its legal, valid and binding obligation, and is enforceable against it.

 

This letter agreement
constitutes the entire agreement between the undersigned and the Company with respect to the purchase of the Private Warrants,
and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral,
with respect to the same.

 

 

[SIGNATURE PAGE FOLLOWS]

 

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	 	Sincerely,
	 	 
	 	Very truly yours,
	 	 
	 	[_____]
	 	 
	 	By:	 
	 	 	Name:  	 
	 	 	Title:	 

 

	Accepted and Agreed:	 
	 	 
	QUANTUM FINTECH ACQUISITION CORPORATION	 
	 	 
	By:	 	 
	 	Name:	John Schaible	 
	 	Title:	Chief Executive Officer	 

 

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 Exhibit A

 

Wire Instructions

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