Document:

Exhibit
10.9

 

February
[__], 2021

 

Revolution
Healthcare Acquisition Corp.

20 University Road

Cambridge, Massachusetts 02138

 

Morgan
Stanley & Co. LLC

1585 Broadway

New York, New York 10036

 

Re:    Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the
 “Underwriting Agreement”) to be entered into by and between Revolution Healthcare Acquisition Corp., a Delaware
corporation (the “Company”), and Morgan Stanley & Co. LLC (the “Underwriter”), relating
to an underwritten initial public offering (the “Public Offering”), of 57,500,000 of the Company’s SAILSM
securities (including up to 7,500,000 SAILSM securities granted to the Underwriter that may be purchased to cover
over-allotments, if any) (the “SAILSM securities”), each comprised of one share of the Company’s
Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), and one-fifth of one redeemable
warrant. Each whole Warrant (each, a “Warrant”) entitles the holder thereof to purchase one share of Class
A Common Stock at a price of $11.50 per share, subject to adjustment. The SAILSM securities will be sold in the Public
Offering pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”) included therein,
filed by the Company with the Securities and Exchange Commission (the “Commission”) and the Company has applied
to have the SAILSM securities listed on the Nasdaq Capital Market. Certain capitalized terms used herein are defined
in paragraph 12 hereof.

 

In
order to induce the Company and the Underwriter 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, REV Sponsor LLC,
a Delaware limited liability company (the “Sponsor”), Health Assurance Economy Foundation, a Delaware nonprofit
nonstop corporation (the “Foundation”), and the undersigned individuals, each of whom is a member of the Company’s
board of directors, a nominee for membership on the board of directors and/or an executive officer of the Company (each, an “Insider”
and collectively, the “Insiders”), hereby agrees with the Company as follows:

 

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

 

     

     

    

 

2.            
The Sponsor, the Foundation and each Insider
hereby agrees that in the event that the Company fails to consummate a Business Combination within 24 months from the closing
of the Public Offering, or such later period approved by the Company’s stockholders in accordance with the Company’s
amended and restated certificate of incorporation, the Sponsor, the Foundation and each Insider shall take all reasonable steps
to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible
but not more than 10 business days thereafter, subject to lawfully available funds therefor, redeem 100% of the Class A Common
Stock sold as part of the SAILSM securities in the Public Offering (the “Offering Shares”), at a
per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned
on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes (less up to
$100,000 of such net interest to pay dissolution expenses), divided by the number of then outstanding Offering Shares, which redemption
will completely extinguish all Public Stockholders’ rights as stockholders (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 stockholders and the Company’s board of directors, dissolve and liquidate,
subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements
of applicable law. The Sponsor, the Foundation and each Insider agrees to not propose any 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 Offering Shares if the Company does not complete a Business Combination within 24 months from the closing of the Public
Offering or with respect to any other provisions relating to the rights of holders of our Class A Common Stock, unless the Company
provides its public stockholders with the opportunity to redeem their Offering Shares upon approval of any such amendment at a
per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned
on the funds held in the Trust Account and not previously released to the Company to pay its franchise and income taxes, divided
by the number of then outstanding Offering Shares.

 

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

 

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

 

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

 

5.            
In the event of the liquidation of the Trust
Account the Sponsor (which for purposes of clarification shall not extend to any other shareholders, members or managers of the
Sponsor, or any of the other undersigned) (the “Indemnitor”) 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)
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 (except for the Company’s independent auditors) or (ii) any prospective target business with which the Company
has discussed entering into a transaction agreement (a “Target”); provided, however, that such
indemnification of the Company by the Indemnitor (x) 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 the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of
the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in the value of the trust
assets, in each case net of the amount of interest earned on the property in the Trust Account which may be withdrawn to pay franchise
and income taxes, except as to any claims by a third party (including a 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 Underwriter against certain
liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event
that any such executed waiver is deemed to be unenforceable against such third party, the Sponsor shall not be responsible to
the extent of any liability for such third party claims. The Sponsor shall have the right to defend against any such claim with
counsel of its choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice of the claim
to the Sponsor, the Sponsor notifies the Company in writing that it shall undertake such defense.

 

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6.            
To the extent that the Underwriter does not exercise
its option to purchase the additional SAILSM securities within 45 days from the date of the Prospectus in full (as
further described in the Prospectus), the Sponsor and the Foundation agree to automatically surrender to the Company for no consideration,
for cancellation at no cost, an aggregate number of Alignment Shares, on a pro rata basis, so that the number of Alignment Shares
will equal of 5% of the sum of the total number of shares of Class A Common Stock outstanding at such time. The Sponsor, the Foundation
and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will
effect a share capitalization or a share repurchase, as applicable, with respect to the Alignment Shares immediately prior to
the consummation of the Public Offering in such amount as to maintain the number of Alignment Shares at 5% of the sum of the total
number of shares of Class A Common Stock to be outstanding immediately after the consummation of the Public Offering.

 

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

 

(b)          
[Reserved].

 

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

 

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

 

(b)           
Reserved.

 

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

 

(d)           
Notwithstanding the provisions set forth in paragraphs
8(a), (b) and (c), Transfers of the Alignment Shares and Private Placement Warrants (and shares of Class A Common
Stock issued or issuable upon the exercise or conversion of the Private Placement Warrants and the Alignment Shares and that are
held by the Sponsor, the Foundation any Insider or any of their permitted transferees (that have complied with this paragraph
8(d)), are permitted (a) to the Company’s officers or directors, any affiliates or family members of any of the Company’s
officers or directors, any member of the Initial Stockholders, any affiliates or family members of any member of the Initial Stockholders,
any members or partners of the Company’s initial, or their affiliates, any affiliates of the Initial Stockholders, or any
employees of such affiliates; (b) in the case of an individual, by gift to a member of one of the 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; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of
the individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) 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
placement warrants or shares of Class A common stock, as applicable, were originally purchased; (f) by virtue of the Initial Stockholders’
organizational documents upon liquidation or dissolution of the Initial Stockholders; (g) to the Company for no value for cancellation
in connection with the consummation of the Company’s initial Business Combination; (h) in the event of the Company’s
liquidation prior to the completion of the Company’s initial Business Combination; or (i) in the event of the Company’s
completion of a liquidation, merger, share exchange or other similar transaction which results in all of the Company’s public
stockholders having the right to exchange their shares of Class A common stock for cash, securities or other property subsequent
to the Company’s completion of the an initial Business Combination; provided, however, that in the case of
clauses (a) through (e) these permitted transferees must enter into a written agreement agreeing to be bound by the restrictions
herein.

 

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

 

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

 

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

 

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12.           
As used herein, (i) “Business Combination”
shall mean a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one
or more businesses or entities; (ii) “Capital Stock” shall mean, collectively, the Class A Common Stock and
the Alignment Shares; (iii) “Alignment Shares” shall mean the 2,587,500 and 287,500 shares of the Company’s
Class B common stock, par value $0.0001 per share, held by the Initial Stockholders, respectively (up to 375,000 shares of which
are subject to complete or partial forfeiture by the Sponsor and Foundation on a pro rata basis if the over-allotment option is
not exercised by the Underwriter), for an aggregate purchase price of $25,000, or approximately $0.01 per share, prior to the
consummation of the Public Offering; (iv) “Initial Stockholders” shall mean the Sponsor, Foundation and any Insider
that holds Alignment Shares; (v) “Private Placement Warrants” shall mean the warrants to purchase shares of
Class A Common Stock of the Company that will be acquired by the Sponsor for an aggregate purchase price of $18,500,000 (or $17,000,000
if the over-allotment option is not exercised by the Underwriter) or $1.50 per Private Placement Warrant, in a private placement
that shall close simultaneously with the consummation of the Public Offering (including Class A Common Stock issuable upon conversion
thereof); (vi) “Public Stockholders” shall mean the holders of securities issued in the Public Offering; (vii)
 “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering and
certain of the proceeds from the sale of the Private Placement Warrants shall be deposited; and (viii) “Transfer”
shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase
or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position
or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange
Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security,
(b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise,
or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).

 

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

 

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

 

15.           
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.

 

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16.           
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.

 

17.           
This Letter Agreement shall terminate on the
earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation of the Company; provided further that paragraph
5 of this Letter Agreement shall survive such liquidation.

 

[Signature
Page Follows]

 

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	 	Sincerely,
	 	 
	 	REV SPONSOR LLC
	 	 	 
	 	By:	 
	 	 	Name: Evan Sotiriou
	 	 	Title: Manager
	 	 	 
	 	By:	 
	 	 	Name: Jason Doren
	 	 	Title: Manager
	 	 	 
	 	HEALTH ASSURANCE ECONOMY FOUNDATION
	 	 	 
	 	By:	 
	 	 	Name: Karen Tsay
	 	 	Title: Authorized Representative
	 	 	 
	 	By:	 
	 	 	Jay Markowitz
	 	 	 
	 	By:	 
	 	 	Mark McDonnell
	 	 	 
	 	By:	 
	 	 	Jason Doren
	 	 	 
	 	By:	 
	 	 	Evan Sotiriou
	 	 	 
	 	By:	 
	 	 	Hemant Taneja

 

[Signature Page to Letter Agreement] 

 

     

     

    

 

	 	By:	 
	 	 	Robert Nelsen
	 	 	 
	 	By:	 
	 	 	Catherine Friedman
	 	 	 
	 	By:	 
	 	 	Jeff Leiden
	 	 	 
	 	By:	 
	 	 	Jennifer Schneider
	 	 	 
	 	By:	 
	 	 	Kris Engskov

 

Acknowledged
and Agreed:

 

REVOLUTION
HEALTHCARE ACQUISITION CORP.

 

	By:	 	 
	 	Name: Jay Markowitz	 
	 	Title: Chief Executive Officer	 

 

[Signature Page to Letter Agreement]EX-10.1

 Exhibit 10.1 

INVESTMENT MANAGEMENT TRUST AGREEMENT 

This Investment Management Trust Agreement (this “Agreement”) is made effective as of
                    by and between SVF Investment Corp. 3, a Cayman Islands exempted company (the “Company”), and Continental
Stock Transfer & Trust Company, a New York limited purpose trust company (the “Trustee”). 
 WHEREAS, the
Company’s registration statement on Form S-1, File No. 333-252788 (the “Registration Statement”) and prospectus (the
“Prospectus”) for the initial public offering of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares” such initial public offering hereinafter referred to
as the “Offering”), has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and 

WHEREAS, the Company has entered into an Underwriting Agreement (the “Underwriting Agreement”) with Citigroup Global
Markets Inc., as representative (the “Representative”) to the several underwriters (the “Underwriters”) named therein; and 

WHEREAS, as described in the Prospectus, $289,600,000 of the gross proceeds of the Offering and sale of the Private Placement Shares (as
defined in the Underwriting Agreement) (or $330,400,000 if the Underwriters’ option to purchase additional shares is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times
in the United States (the “Trust Account”) for the benefit of the Company and the holders of the Ordinary Shares issued in the Offering as hereinafter provided (the amount to be delivered to the Trustee (and any interest
subsequently earned thereon) is referred to herein as the “Property,” the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Shareholders,” and the
Public Shareholders and the Company will be referred to together as the “Beneficiaries”); and 
 WHEREAS, pursuant
to the Underwriting Agreement, a portion of the Property equal to $9,800,000, or $11,200,000 if the Underwriters’ option to purchase additional Ordinary Shares is exercised in full, is attributable to deferred underwriting discounts and
commissions that will be payable by the Company to the Underwriters 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 in the United States at [●] (or at another U.S. chartered commercial bank with consolidated assets of $100 billion or more) in the United States, maintained by the Trustee and at a brokerage institution selected by the Trustee
that is reasonably satisfactory to the Company; 

 (b) Manage, supervise and administer the Trust Account subject to the terms and conditions
set forth herein; 
 (c) In a timely manner, upon the written instruction of the Company, invest and reinvest the Property in United States
government securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and
(d)(4) of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury obligations, as determined by the Company; the
Trustee may not invest in any other securities or assets, it being understood that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s instructions hereunder and the Trustee may earn bank credits or
other consideration; 
 (d) Collect and receive, when due, all principal, interest or other income arising from the Property, which shall
become part of the “Property,” as such term is used herein; 
 (e) Promptly notify the Company and the 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 or other authorized officer of the Company, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account, including interest
earned on the funds held in the Trust Account and not previously released to the Company to pay its income taxes (less up to $100,000 of interest to pay dissolution expenses), only as directed in the Termination Letter and the other documents
referred to therein, or (y) upon the date which is the later of (1) 24 months 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 

  
 2 

 
which case the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the Property in the Trust Account,
including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its income taxes, if any (less up to $100,000 of interest to pay dissolution expenses), shall be distributed to the Public
Shareholders of record as of such date. It is acknowledged and agreed that there should be no reduction in the principal amount per share initially deposited in the Trust Account; 

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

(l) Not make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i), (j)
or (k) above. 
 2. Agreements and Covenants of the Company. The Company hereby agrees and covenants to: 

(a) Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chief Executive Officer or other authorized officer
of the Company. In addition, except with respect to its duties under Sections 1(i), (j) or (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; 

  
 3 

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

(c) Pay the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual administration fee and
transaction processing fee, which shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall not be used to pay such fees unless and until it is distributed to the Company pursuant to
Sections 1(i) through 1(k) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration fee at the consummation of the Offering. The Trustee shall refund to the Company the
annual administration fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Account. 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 (the “Business
Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the shareholder meeting verifying the vote of such shareholders regarding such 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) 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; 

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

  
 4 

 (h) If the Company seeks to amend any provisions of its amended and restated memorandum and
articles of association (A) to modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed in connection with the Company’s initial Business Combination
or to redeem 100% of the Ordinary Shares if the Company does not complete its initial Business Combination within the time period set forth therein or (B) with respect to any other provision relating to the rights of holders of the Ordinary
Shares (in each case, an “Amendment”), the Company will provide the Trustee with a letter (an “Amendment Notification Letter”) in the form of Exhibit D providing instructions
for the distribution of funds to Public Shareholders who exercise their redemption option in connection with such Amendment; and 
 (i)
Within five (5) business days after the Underwriters exercise their option to purchase additional shares (or any unexercised portion thereof) or such option to purchase additional shares expires, provide the Trustee with a notice in writing of
the total amount of the Deferred Discount. 
 3. Limitations of Liability. The Trustee shall have no responsibility or liability to:

 (a) Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this
Agreement and that which is expressly set forth herein; 
 (b) Take any action with respect to the Property, other than as directed in
Section 1 hereof, and the Trustee shall have no liability to any 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 written instructions from the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any
expenses incident thereto; 
 (d) Change the investment of any Property, other than in compliance with Section 1
hereof; 
 (e) Refund any depreciation in principal of any Property; 

(f) Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided
otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee; 
 (g) The
other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or
willful misconduct. The Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee, which counsel may be the Company’s
counsel), statement, instrument, report or other paper or document (not 

  
 5 

 
only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which the Trustee believes, in
good faith and with reasonable care, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any
of the terms hereof, unless evidenced by a written instrument delivered to the Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto; 

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

(i) Provide any assurance that any Business Combination entered into by the Company or any other action taken by the Company is as contemplated
by the Registration Statement; 
 (j) File information returns with respect to the Trust Account with any local, state or federal taxing
authority or provide periodic written statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property; 

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

 (l) Verify calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections
1(i), 1(j) or 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 by the Company and has agreed to
become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the reports and statements relating to the Trust Account,
whereupon this Agreement shall terminate; provided, however, that in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation notice from the Trustee, the Trustee may
submit an application to have the Property deposited with any court in the State of New York or with the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from any liability
whatsoever; or 

  
 6 

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

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

(b) This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect
to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. This Agreement may be executed in several original or facsimile counterparts, each one of which shall constitute an original, and
together shall constitute but one instrument. 
 (c) This Agreement contains the entire agreement and understanding of the parties hereto
with respect to the subject matter hereof. Except for Section 1(i), 1(j) and 1(k) hereof (which sections may not be modified, amended or deleted without the affirmative vote of sixty-five percent (65%) of the
then outstanding ordinary shares, par value $0.0001 per share, of the Company participated in the vote, voting together as a single class; provided that no such amendment will affect any Public Shareholder who has properly elected to redeem
his or her Ordinary Shares in connection with a shareholder vote to amend this Agreement to modify the substance or timing of the Company’s obligation to provide for the redemption of the Ordinary Shares in connection with an initial Business
Combination or an Amendment or to redeem 100% of its Ordinary Shares if the Company does not complete its initial Business Combination within the time frame specified in the Company’s amended and restated memorandum and articles of
association), this Agreement or any provision hereof may only be changed, amended or modified (other than to correct a typographical error) by a writing signed by each of the parties hereto. 

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

  
 7 

 (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, by electronic mail or by facsimile: 

if to the Trustee, to: 

Continental Stock Transfer & Trust Company 

1 State Street, 30th Floor 

New York, New York 10004 
 Attn:
Francis E. Wolf, Jr. 
 Email: fwolf@continentalstock.com     

if to the Company, to: 
 SVF
Investment Corp. 3 
 One Circle Star Way 

San Carlos 
 California 94070,
United States 
 Attn: Legal 

Email: legal@softbank.com 
 in
each case, with copies to: 
 Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
New York 
 10022 
 Attn:
Christian O. Nagler 
 Email: cnagler@kirkland.com 

and 
 Citigroup Global Markets
Inc. 
 388 Greenwich Street 

New York, New York 10013 
 Attn:
Ryan Browne; Samson Frankel 
 Email: ryan.browne@citi.com; samson.frankel@citi.com 

and 
 UBS Securities LLC 

1285 Avenue of the Americas 
 New
York, New York 10019 
 Attn: Syndicate 

Fax: (212) 713-337 

  
 8 

 and 

Cantor Fitzgerald & Co. 

499 Park Avenue 
 New York, NY
10022 

	 	Attn:	 Peter Marone; Kevin Brennan; Cantor IBD Legal 

	 	Email:	 peter.marone@cantor.com; kevin.brennan@cantor.com;
#legal-IBD@cantor.com 

 and 

Deutsche Bank Global Securities Inc. 

60 Wall Street, 2nd Floor 

New York, NY 10005 

Attn:     Equity Capital Markets – Syndicate Desk 

Fax:      (646) 374-1071 

with a copy to 
 Deutsche
Bank Global Securities Inc. 
 60 Wall Street, 2nd Floor 

New York, NY 10005 

Attn:     General Counsel 

Fax:      (646) 374-1071 

and 
 Mizuho Securities USA LLC

 1271 Avenue of the Americas 

New York, NY 10020 
 Attn: Equity
Capital Markets 
 Office: 212-205-7600 

and 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 300 South Grand Avenue, Suite 3400 

Los Angeles, CA 90071 
 Attn.:
Gregg A. Noel 
 Email: gregg.noel@skadden.com 

(f) 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. 

  
 9 

 (g) 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. 

(h) 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. 

(i) Each of the Company and the Trustee hereby acknowledges and agrees that the Representative on behalf of the Underwriters is a third-party
beneficiary of this Agreement. 
 (j) 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] 

  
 10 

 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:	 	              

	Name:	 	Francis Wolf
	Title:	 	Vice President
	
	SVF INVESTMENT CORP. 3
		
	By:	 	              

	Name:	 	 Ioannis Pipilis

	Title:	 	 Director

 [Signature Page to Investment Management Trust Agreement] 

 SCHEDULE A 

 

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

 EXHIBIT A 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf 

 

	 	Re:	 Trust Account - Termination Letter 

Dear Mr. Wolf: 
 Pursuant to
Section 1(i) of the Investment Management Trust Agreement between SVF Investment Corp. 3 (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”),
dated as of [●], 2021 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with
                 (the “Target Business”) to consummate a business combination with Target Business (the
“Business Combination”) on or about [insert date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date (or such shorter time period as
you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. 

In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account,
and to transfer the proceeds into the trust operating account at [●] to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the
Underwriters (with respect to the Deferred Discount) and the Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in said trust operating account at [●] awaiting distribution, neither
the Company nor the Underwriters will 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 substantially 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 other authorized officer of the Company, which verifies that the Business Combination has been approved
by a vote of the Company’s shareholders, if a vote is held and (b) joint written instruction signed by the Company and the Underwriters with respect to the transfer of the funds held in the Trust Account, including payment of the Deferred
Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the Notification and the Instruction Letter,
in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company
shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses
related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated. 

 In the event that the 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 such notice as soon thereafter as possible. 

 

			
	Very truly yours,
	
	SVF Investment Corp. 3
		
	By:	 	              

	Name:	 	Ioannis Pipilis
	Title:	 	Director

  

	cc:	 Citigroup Global Markets Inc. 

UBS Securities LLC 
 Deutsche
Bank Securities Inc. 
 Cantor Fitzgerald & Co 

Mizuho Securities USA LLC 
 [Signature Page to
Exhibit A of Investment Management Trust Agreement] 

 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 

 

	 	Re:	 Trust Account - Termination Letter 

Dear Mr. Wolf: 
 Pursuant to
Section 1(i) of the Investment Management Trust Agreement between SVF Investment Corp. 2 (the “Company”) and Continental Stock Transfer & Trust Company (the
“Trustee”), dated as of [●], 2021 (the “Trust Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target Business (the “Business
Combination”) within the time frame specified in the Company’s Amended and Restated Memorandum and Articles of Association, as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but not
defined herein shall have the meanings set forth in the Trust Agreement. 
 In accordance with the terms of the Trust Agreement, we hereby
authorize you to liquidate all of the assets in the Trust Account and to transfer the total proceeds into the trust operating account at [●] to await distribution to the Public Shareholders. The Company has selected
                 as the effective date for the purpose of determining when the Public Shareholders will be entitled to receive their share of
the liquidation proceeds. It is acknowledged that no interest will be earned by the Company on the liquidation proceeds while on deposit in the trust operating account. You agree to be the Paying Agent of record and, in your separate capacity as
Paying Agent, agree to distribute said funds directly to the Company’s Public Shareholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles of Association of the Company. Upon the
distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated, except to the extent otherwise provided in
Section 1(j) of the Trust Agreement. 
  

			
	Very truly yours,
	
	SVF Investment Corp. 3
		
	By:	 	
                     

	Name:	 	[●]
	Title:	 	[●]

  

	cc:	 Citigroup Global Markets Inc. 

UBS Securities LLC 
 Deutsche
Bank Securities Inc. 
 Cantor Fitzgerald & Co 

Mizuho Securities USA LLC 

[Signature Page to Exhibit B of Investment Management Trust Agreement] 

 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 

 

	 	Re:	 Trust Account - Tax Payment Withdrawal Instruction 

Dear Mr. Wolf: 
 Pursuant to
Section 1(j) of the Investment Management Trust Agreement between SVF Investment Corp. 3 (the “Company”) and Continental Stock Transfer & Trust Company (the
“Trustee”), dated as of [●], 2021 (the “Trust Agreement”), the Company hereby requests that you deliver to the Company
$                 of the interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall
have the meanings set forth in the Trust Agreement. 
 The Company needs such funds to pay for the tax obligations as set forth on the
attached tax return or tax statement. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating
account at: 
 [WIRE INSTRUCTION INFORMATION] 

 

			
	Very truly yours,
	
	SVF Investment Corp. 3
		
	By:	 	
                     

	Name:	 	[●]
	Title:	 	[●]

  

	cc:	 Citigroup Global Markets Inc. 

UBS Securities LLC 
 Deutsche
Bank Securities Inc. 
 Cantor Fitzgerald & Co 

Mizuho Securities USA LLC 

[Signature Page to Exhibit C of Investment Management Trust Agreement] 

 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 

 

	 	Re:	 Trust Account - Shareholder Redemption Withdrawal Instruction 

Dear Mr. Wolf: 
 Pursuant to
Section 1(k) of the Investment Management Trust Agreement between SVF Investment Corp. 3 (the “Company”) and Continental Stock Transfer & Trust Company (the
“Trustee”), dated as of [●], 2021 (the “Trust Agreement”), the Company hereby requests that you deliver to the Company’s shareholders
$                 of the principal and 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. 
 Pursuant to Section 1(k) of the Trust Agreement, this is to advise
you that the Company has sought an Amendment. Accordingly, in accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate a sufficient portion of the Trust Account and to transfer $[●] of the proceeds of the Trust
Account to the trust operating account at [●] for distribution to the shareholders that have requested redemption of their shares in connection with such Amendment. 

 

			
	Very truly yours,
	
	SVF Investment Corp. 3
		
	By:	 	
                     
    

	Name:	 	[●]
	Title:	 	[●]

  

	cc:	 Citigroup Global Markets Inc. 

UBS Securities LLC 
 Deutsche
Bank Securities Inc. 
 Cantor Fitzgerald & Co 

Mizuho Securities USA LLC

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