Document:

ex_306503.htm

Exhibit 10.1

 

 

SEPARATION AND TRANSITION AGREEMENT 

 

THIS SEPARATION AND TRANSITION AGREEMENT (the “Agreement”) is made and entered into as of November 14, 2021 by and between Granite Construction Incorporated (the “Company”) and Jigisha Desai (“Executive”).

 

WHEREAS, Executive has served as Executive Vice President and Chief Strategy Officer of the Company;

 

WHEREAS, the Executive and the Company have mutually agreed that Executive will resign from such positions, effective as of December 6, 2021 (the “Separation Date”), at which time Executive’s employment with the Company will terminate (the “Separation”); and

 

WHEREAS, the Company and Executive wish to resolve all matters related to her employment with the Company and desire to enter into this Agreement in order to set forth the respective rights and obligations of the parties.

 

NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements set forth in this Agreement, the sufficiency of which the parties acknowledge, it is agreed as follows:

 

1.    Transition; Transition Period Compensation; Last Day of Employment.

 

(a)    During the period commencing as of the date hereof and continuing until the Separation Date (the “Transition Period”), Executive will remain a full-time employee of the Company and will continue to serve as Executive Vice President and Chief Strategy Officer. During the Transition Period, Executive will assist the Company with the transition of her duties and responsibilities to the persons designated by the Chief Executive Officer of the Company and will perform such other duties as may reasonably be requested by the Chief Executive Officer of the Company from time to time. During the Transition Period, Executive will be subject to the Company’s policies as may be in effect from time to time.

 

(b)    During the Transition Period, the Company shall pay to Executive an annual base salary at the rate in effect immediately prior to the date hereof in accordance with the Company’s normal payroll schedule. In addition, Executive will remain eligible for employee benefits made generally available to executives of the Company.

 

(c)    Effective as of the Separation Date, Executive’s employment with the Company will automatically terminate, and the Executive will resign from all officer positions held by the Executive with the Company or any subsidiary or affiliate thereof (each, a “Company Group Member” and collectively, the “Company Group”), including, but not limited to, as a fiduciary of any of the Company Group’s employee benefit plans, and the Executive’s active coverage under and participation in all benefit plans and programs sponsored by any Company Group Member shall terminate, except as otherwise required by law or this Agreement.

 

2.    Accrued Obligations. On the next regularly occurring payroll date following the Separation Date, the Company shall (a) pay by wire transfer to Executive any accrued but unpaid salary or wages for services rendered through the Separation Date (including payment for any accrued but unused vacation as of the Separation Date); and (b) provide reimbursement by wire transfer to Executive for any business expenses that she submits to the Company in accordance with its expense reimbursement policy. In addition, Executive shall be entitled to vested benefits under the applicable employee benefit plans maintained by the Company in accordance with the terms and conditions of such plans, including with respect to the Executive’s participation in the Company’s Key Management Deferred Compensation Plan, Key Management Deferred Incentive Compensation Plan and Key Management Deferred Compensation Plan II.

 

3.    Separation Benefits; Cancellation of LTIP Awards. In connection with Executive’s Separation from the Company, subject to and conditioned on Executive’s compliance with the terms and conditions set forth in this Agreement, including, without limitation, Executive’s execution and non-revocation of this Agreement and the general release of claims set forth in Section 4 hereof (the “General Release”) and the Separation Certificate and the supplemental release of claims set forth therein (the “Supplemental Release”) attached hereto as Exhibit A, Executive will be entitled to the following “Separation Benefits,” less applicable taxes and withholdings:

 

(a)    Separation Payments.

 

(i)    Severance Payment. The Company shall make a single, lump-sum payment to Executive by wire transfer equal to $729,600 less applicable tax withholdings, payable no later than December 31, 2021;

 

(ii)   Annual Bonus. Executive shall remain eligible to receive an annual bonus for the entire year’s service with respect to fiscal year 2021 in accordance with the Company’s Annual Incentive Plan and 2021 Participation Agreement previously executed by the Company and Executive. The actual amount, if any, of such annual bonus will be based on previously agreed upon targets for 2021, and will be determined by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) based on actual results for 2021 and in a manner no less favorable than the determination of bonuses made by the Compensation Committee for 2021 for other executives of the Company. The Company shall provide the calculation for determining the bonus amount to Executive after the Compensation Committee has approved the 2021 annual bonus payouts. For the avoidance of doubt and, notwithstanding anything in the Annual Incentive Plan or 2021 Participation Agreement to the contrary, Executive shall not be eligible to receive an annual bonus for any performance period following December 31, 2021 and shall only be required to be employed through the Separation Date (rather than the Payment Date, as defined in the Annual Incentive Plan) in order to receive the 2021 annual bonus; and

 

(iii)  Equity Awards. Executive’s Separation will be treated as a separation from service other than for disability, death or retirement for purposes of outstanding awards issued pursuant to the Company’s Equity Incentive Plan, as amended and Long Term Incentive Plan, as amended. Accordingly, all time-based restricted stock units (“RSUs”) and Long Term Incentive Plan awards (“LTIP Awards”) held by Executive will be forfeited and canceled in accordance with their terms and any communications relating to RSU vesting hereafter and the 2019 to 2021 performance period and beyond for the LTIP Awards shall be null and void. Instead of receiving payouts in restricted stock units as set forth in the LTIP Award participation agreements, Executive will receive cash payments according to the schedule set forth on Exhibit B for her LTIP Awards that were outstanding immediately prior to the Separation Date.

 

 

 

 

 

(b)    Other Benefits. 

 

(i)    The Company shall make a single lump-sum payment to Executive by wire transfer equal to the cost of 18 months of COBRA premiums for Executive and her eligible dependents less applicable tax withholdings, payable no later than December 31, 2021; and

 

(ii)    To the extent Executive elects to utilize the Company’s customary outplacement transition services benefit in the 12-month period following the Separation Date, the Company shall pay for up to 90 days of such benefit.

 

4.    Release of Claims. 

 

(a)    In exchange for the Separation Benefits, and in consideration of the further agreements and promises set forth herein, Executive agrees unconditionally and forever to release and discharge the Company, including, without limitation, the Company’s current and former officers, directors, members, managers, employees, representatives, attorneys and agents, as well as all of their predecessors, parents, subsidiaries, affiliates, successors in interest and assigns (collectively, the “Releasees”) from any and all claims, actions, causes of action, demands, rights, or damages of any kind or nature which Executive may now have, or ever have, whether known or unknown, including any claims, causes of action or demands of any nature arising out of or in any way relating to Executive’s employment with, or termination from employment with the Company on or before the date Executive signs this Agreement.

 

(b)    This release specifically includes any and all claims relating to or arising from Executive’s employment with the Company, the terms and conditions of that employment, and the termination of that employment relationship, without limitation: any and all claims for fraud; breach of contract; breach of implied covenant of good faith and fair dealing; inducement of breach; interference with contract; wrongful or unlawful discharge or demotion; violation of public policy; assault and battery; invasion of privacy; intentional or negligent infliction of emotional distress; intentional or negligent misrepresentation; conspiracy; failure to pay wages, benefits, vacation pay, severance pay, attorneys’ fees, or other compensation of any sort; wrongful termination; retaliation; wrongful demotion; discrimination or harassment on any basis protected by federal, state or local law including, but not limited to race, color, sex, gender identity, national origin, ancestry, religion, disability, handicap, medical condition, marital status, and sexual orientation; any claim under Title VII of the Civil Rights Act of 1964, the Civil Rights Acts of 1866, 1870 and 1991, the Family and Medical Leave Act, the Age Discrimination in Employment (“ADEA”), the Older Worker Benefit Protection Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act, the Genetic Information Nondiscrimination Act, Section 1981 of Title 42 of the United States Code, the Rehabilitation Act of 1973, the Equal Pay Act, the Worker Adjustment and Retraining Notification Act, the Uniform Services Employment and Reemployment Rights Act, the California Government Code, the California Labor Code, the California Business and Professions Code, the California Military and Veterans Code, the California Family Rights Act, the Unruh Civil Rights Act, the California Victims of Domestic Violence Employment Leave Act, the California Minimum Wage Orders, the California Equal Pay Act, the California Worker Adjustment and Retraining Notification Act, the California Constitution; and all other federal, state, or local statutes, ordinances and laws; violation of any safety and health laws, statutes or regulations; or any other wrongful conduct, based upon events occurring prior to the date of execution of this release (“Released Claims”). The Released Claims, however, shall not include any claims for vested benefits under the applicable employee benefit plans maintained by the Company in accordance with the terms and conditions of such plans, or any claims for indemnification (including advancement of expenses) arising under any written indemnification agreement between the Company and Executive (including, but not limited to, that certain Undertaking, dated as of March 11, 2020, between the Company and Executive (the “Undertaking”) and the WilmerHale engagement letter, dated March 3, 2020 (the “Third Party Pay Agreement”)) or pursuant to the Company’s bylaws or pursuant to applicable law.

 

(c)     Executive further understands, acknowledges, and agrees to waive Executive’s rights under any other statute or regulation, state or federal, that provides that a general release does not extend to claims that Executive does not know or suspect to exist in Executive’s favor at the time of executing this Agreement and General Release, which if known to Executive must have materially affected Executive’s settlement with the Company. Without limiting the foregoing, Executive further acknowledges that Executive is aware of and familiar with the provisions of California Civil Code Section 1542, which provides as follows:

 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.

 

Being aware of this section, Executive hereby expressly waives and relinquishes, with respect to all of the Released Claims, all rights and benefits Executive may have under this statute as well as any under other statutes or common law principles of similar effect.

 

(d)     The parties intend this release by Executive to be a full and comprehensive general release waiving and releasing all claims, demands, and causes of action, known or unknown, to the fullest extent permitted by law except as otherwise expressly provided herein. Nothing in this Agreement is intended to nor shall it be interpreted to release any claim which, by law, may not be released or which involve vested benefits. This Agreement is not intended to and does not affect any rights or claims Executive may have arising after the date this Agreement is executed by Executive. Further, this Agreement shall not limit or prohibit either party’s ability to bring a claim to enforce this Agreement nor shall it waive or limit Executive’s right to indemnification (including with respect to any right to receive advancement of expenses and to be held harmless) pursuant to any applicable directors and officers liability insurance coverage, any written indemnification agreement between the Company and Executive (including, but not limited to, the Undertaking and the Third Party Pay Agreement) or pursuant to the Company’s bylaws or pursuant to applicable law.

 

5.    Additional Representations and Warranties. 

 

(a)    Executive represents that Executive has no pending complaints or charges against the Releasees, or any of them, with any state or federal court, or any local, state or federal agency, division, or department based on any event(s) occurring prior to the date Executive signs this Agreement. Executive further represents that Executive will not in the future file, participate in, encourage, instigate or assist in the prosecution of any claim, complaints, charges or in any lawsuit by any party in any state or federal court against the Releasees, or any of them, unless such aid or assistance is ordered by a court or government agency or sought by compulsory legal process, claiming that the Releasees, or any of them, have violated any local, state or federal laws, statutes, ordinances or regulations based upon events occurring prior to the execution of this Agreement. This prohibition applies only in situations where Executive may legally waive the ability to bring or participate in a legal action against her former employer as a matter of law. Nothing in this Agreement shall be construed as prohibiting Executive from making a future claim with the Equal Employment Opportunity Commission or any similar state agency; provided, however, that should Executive pursue such an administrative action against the Releasees, or any of them, to the maximum extent allowed by law, Executive agrees and acknowledges that Executive will not seek, nor shall Executive be entitled to recover, any monetary damages from any such proceeding.

 

2

 

 

(b)    The Company represents that neither the Company nor any of its parent, subsidiary or affiliated companies has any pending complaints or charges filed by any of them against Executive with any state or federal court, or any local, state or federal agency, division, or department based on any act, omission or event(s) occurring prior to the date the Company signs this Agreement.

 

6.    No Admission of Liability. By entering into this Agreement, neither the Company nor Executive suggests or admits to any liability to one another or that they violated any law or any duty or obligation to one another, or that they committed any wrongdoing whatsoever.

 

7.    Review and Revocation Periods. Executive has twenty-one (21) calendar days to review and sign this Agreement and is advised to consult with an attorney of her choice before signing this Agreement, which includes a release of claims under the ADEA. Executive understands that she may use as much of this 21-day period as she wishes prior to signing. Executive may expressly and voluntarily waive any part or all of the 21-day review period by signing and returning this Agreement prior to the expiration of the review period. Executive may revoke her acceptance of this release for seven (7) calendar days after signing this Agreement (the “Revocation Period”). The revocation must be in writing and delivered to the Company in care of its signatory to this Agreement. If Executive does not revoke this Agreement within the Revocation Period by notice to such person, it shall be fully enforceable without any further action by either party. This Agreement does not become effective until the day after the Revocation Period has expired. In addition, Executive shall execute the Separation Certificate attached hereto as Exhibit A no earlier than one day after the Separation Date and no later than December 13, 2021. Executive hereby acknowledges and agrees that the 21-day review period for the Separation Certificate commences on November 22, 2021. The Company agrees to send to the Executive’s personal email address the Separation Certificate for Executive to execute via DocuSign on the day after the Separation Date.

 

8.    Blue Penciling. If, at any time after the date of the execution of this Agreement, any provision of this Agreement shall be held by any court of competent jurisdiction to be illegal, void or unenforceable, such provision shall be of no force and effect. However, the illegality or unenforceability of such provision shall have no effect upon, and shall not impair the enforceability of, any other provision of this Agreement; provided, however, that if the General Release contained in this Agreement is deemed void or unenforceable, Executive agrees to promptly execute a valid general release and waiver in favor of the Releasees.

 

9.    Sole and Exclusive Benefits. This Agreement provides for the sole and exclusive benefits for which Executive is eligible as a result of her separation of service with the Company, except as otherwise required by law or are already vested, and Executive shall not be eligible for any contractual benefits under any other agreement or arrangement providing for benefits upon a separation from service, including, but not limited to, any payments under any severance plan, policy or program of the Company.

 

10.   Other Executive Representations and Covenants. Executive and the Company agree to and make the following representations and covenants, as applicable:

 

(a)    On or prior to the Separation Date, unless otherwise agreed upon with the Company, Executive shall promptly return to the Company any property of the Company in her possession, custody or control, including, but not limited to, files, identification card, data storage devices, office keys, documents (hard copy or electronic files) and any sources of confidential information, unless otherwise agreed by the Executive and the Company.

 

(b)    Executive agrees that she will not defame, disparage, criticize or otherwise speak of the Company, its affiliates, and any of their directors, officers, agents, employees and representatives and/or the Company’s products or services in a negative, derogatory or unflattering manner. The Company agrees to direct its officers and its directors to not defame, disparage, criticize or otherwise speak of Executive or her performance as an officer, director or employee of the Company in a negative, derogatory or unflattering manner. Notwithstanding anything to the contrary herein, nothing in this Agreement prohibits Executive or the Company’s officers or directors from truthfully testifying in any legal proceeding or providing truthful information to any governmental, regulatory or administrative agency or in connection with any action to enforce the rights of this Agreement.

 

(c)    Executive shall cooperate with the Company or any of its affiliates in any disputes with third parties, internal investigation or administrative, regulatory or judicial proceeding as reasonably requested by the Company and at reasonable, mutually convenient times (including, without limitation, Executive being available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all pertinent non-privileged information and turning over to the Company all non-privileged relevant documents which are or may come into Executive’s possession). In the event the Company requires Executive’s cooperation after the Separation Date, the Company shall request Executive’s services in writing and reimburse Executive for reasonable travel expenses (including lodging and meals) upon submission of receipts and pay Executive a consulting fee of $450 per hour for all hours spent providing cooperation services contemplated by this Section 10(c), payable within 15 days of receipt of an invoice from Executive for such cooperation services; provided, however, that Executive shall not be entitled to a consulting fee for any time actually spent testifying in any legal proceeding.

 

(d)    The Company shall maintain a directors and officers liability insurance policy that covers Executive to the same extent that it covers its directors and officers for a period of six years following the Separation Date with respect to any acts, omissions or events that occurred during Executive’s employment with the Company. The Company shall also continue to provide Executive with indemnification (including advancement of fees and expenses) in accordance with the terms and conditions of the Undertaking and the Third Party Pay Agreement.

 

(e)    Any inquiries from third parties, including prospective employers, concerning the Executive’s employment or separation from employment may be referred to the Company’s Senior Vice President, Human Resources (or such successor position) who shall respond by providing position and dates of employment and state that this is pursuant to Company policy.

 

3

 

 

11.    Voluntary Agreement. Executive represents that Executive has carefully read this Agreement and fully understands it and that in signing this document, Executive understands that Executive is releasing the Company from the Released Claims that Executive has or may have against the Company as of the date Executive signs this Agreement. Executive has been advised of Executive’s right to consult with an attorney of Executive’s choice, and Executive freely and voluntarily agrees to the terms set forth in this Agreement, and knowingly and willingly intends to be legally bound by them.

 

12.    This Agreement Governs. Executive acknowledges and agrees that the Company has made no promises, commitments or representations to Executive other than those contained in this Agreement and that Executive has not relied upon any statement or representation made by the Company with respect to the basis or effect of this Agreement or otherwise.

 

13.    Binding Agreement. This Agreement shall bind Executive, Executive’s heirs, beneficiaries, trustees, administrators, executors, and legal representatives, and shall inure to the benefit of the Releasees, and their respective beneficiaries, trustees, administrators, executors, assigns and legal representatives. Executive may not assign any of Executive’s rights or obligations under this Agreement. Without limiting the foregoing, the Company may assign its rights and delegate its duties hereunder in whole or in part to any affiliate of the Company or to any transferee of all or a portion of the assets or business to which this Agreement relates.

 

14.    Entire Agreement. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof, and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof, except that the Undertaking, the Third Party Pay Agreement, and any existing post-employment obligations Executive has with respect to confidentiality under any agreement entered into between Executive and the Company, or common law, shall remain in full force and effect. This Agreement may not be changed orally, and no modification, amendment or waiver of any of the provisions contained in this Agreement, nor any future representation, promise or condition in connection with the subject matter hereof, shall be binding upon any party unless made in writing and signed by such party.

 

15.          Code Section 409A.

 

(a)    Exemption or Compliance. The Agreement and Separation Benefits paid under it are intended to be exempt from or otherwise comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section 409A”), including the exceptions for short-term deferrals, separation pay arrangements, reimbursements, and in-kind distributions, and shall be administered, construed and interpreted in accordance with such intent. Any Separation Benefits that fail to qualify for the exemptions under Code Section 409A shall be paid or provided in accordance with the requirements of Code Section 409A. Notwithstanding the foregoing, Company cannot guarantee that the Separation Benefits provided under the Agreement will satisfy all applicable provisions of Code Section 409A and the Executive shall be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on or for the account of the Executive in connection with this Agreement (including any taxes and penalties under Code Section 409A), and neither the Company nor any of its subsidiaries or affiliates shall have any obligation to indemnify or otherwise hold the Executive (or any beneficiary) harmless from any or all of such taxes or penalties.

 

(b)    Payments and Reimbursements. Each payment under this Agreement or any Company benefit plan is intended to be treated as one of a series of separate payments for purposes of Code Section 409A. To the extent any reimbursements or in-kind benefit payments under the Agreement are subject to Code Section 409A, such reimbursements and in-kind benefit payments will be made in accordance with Treasury Regulation §1.409A-3(i)(1)(iv) (or any similar or successor provisions).

 

(c)    Specified Employees. Notwithstanding anything in the Agreement to the contrary, to the extent the Executive is considered a “specified employee” (as defined in Code Section 409A) and would be entitled to a payment during the six-month period beginning on the Executive’s separation from service (as defined in Section 409A) that is not otherwise excluded under Code Section 409A under the exception for short-term deferrals, separation pay arrangements, reimbursements, in-kind distributions, or any otherwise applicable exemption, the payment will not be made to the Executive until the earlier of the six-month anniversary of the Executive’s separation from service or the Executive’s death and will be accumulated and paid on the first day of the seventh month following the separation from service.

 

(d)    Amendment. The Company may amend the Agreement to the minimum extent necessary to satisfy the applicable provisions of Code Section 409A.

 

16.    Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of California, without giving effect to any principles of conflicts of law.

 

17.    Successors and Assigns. This Agreement shall be binding on the Company and Executive and upon their respective heirs, representatives, successors and assigns. 

 

18.    Interpretation. Should any provision of this Agreement require interpretation or construction, it is agreed by the parties that the entity interpreting or construing the Agreement shall not apply a presumption against one party by reason of the rule of construction that a document is to be construed more strictly against the party who prepared the document.

 

[Signatures appear on following page]

 

4

 

 

 

IN WITNESS WHEREOF, the undersigned have executed this Separation and Transition Agreement as of the date first above written.

 

 

	
			 

				
			GRANITE CONSTRUCTION INCORPORATED

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			/s/ Kyle T. Larkin

				
			 

			
	
			 

				
			Name:

				
			Kyle T. Larkin

				
			 

			
	
			 

				
			Title:

				
			Chief Executive Officer and President

				
			 

			
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	EXECUTIVE	 
	 	 	 	 
	 	By: 	/s/ Jigisha Desai	 
	 	Name: 	Jigisha Desai	 

 

 

 

 

EXHIBIT A

 

SEPARATION CERTIFICATE

 

Granite Construction Incorporated (the “Company”) and Jigisha Desai (“Executive”) entered into a Separation and Transition Agreement, dated as of November 14, 2021 (the “Agreement”). A blank copy of this Separation Certificate (the “Certificate”) was attached to the Agreement when it was provided to Executive for review. Any capitalized terms used but not defined in this Certificate shall have the meanings ascribed to such terms in the Agreement.

 

1.     Executive acknowledges and agrees that she has had more time to consider signing this Certificate than the ample time she was given to consider signing the Agreement. In addition, Executive acknowledges and agrees that she was advised to discuss the Agreement, including this Certificate, with an attorney of her choosing, before executing either document.

 

2.     The Separation Benefits under the Agreement will not be provided to Executive unless she signs this Certificate.

 

3.     Executive’s employment with the Company has ended as of the Separation Date.

 

4.     In exchange for the Separation Benefits, Executive hereby agrees that this Certificate will be part of the Agreement, including the Supplemental Release set forth at Section 5 of this Certificate.

 

5.     Supplemental Release of Claims. 

 

(a)    In exchange for the Separation Benefits, and in consideration of the further agreements and promises set forth in the Agreement, Executive agrees unconditionally and forever to release and discharge the Company, including, without limitation, the Company’s current and former officers, directors, members, managers, employees, representatives, attorneys and agents, as well as all of their predecessors, parents, subsidiaries, affiliates, successors in interest and assigns (collectively, the “Releasees”) from any and all claims, actions, causes of action, demands, rights, or damages of any kind or nature which Executive may now have, or ever have, whether known or unknown, including any claims, causes of action or demands of any nature arising out of or in any way relating to Executive’s employment with, or termination from employment with the Company on or before the date Executive signs this Certificate.

 

(b)    This release specifically includes any and all claims relating to or arising from Executive’s employment with the Company, the terms and conditions of that employment, and the termination of that employment relationship, without limitation: any and all claims for fraud; breach of contract; breach of implied covenant of good faith and fair dealing; inducement of breach; interference with contract; wrongful or unlawful discharge or demotion; violation of public policy; assault and battery; invasion of privacy; intentional or negligent infliction of emotional distress; intentional or negligent misrepresentation; conspiracy; failure to pay wages, benefits, vacation pay, severance pay, attorneys’ fees, or other compensation of any sort; wrongful termination; retaliation; wrongful demotion; discrimination or harassment on any basis protected by federal, state or local law including, but not limited to race, color, sex, gender identity, national origin, ancestry, religion, disability, handicap, medical condition, marital status, and sexual orientation; any claim under Title VII of the Civil Rights Act of 1964, the Civil Rights Acts of 1866, 1870 and 1991, the Family and Medical Leave Act, the Age Discrimination in Employment (“ADEA”), the Older Worker Benefit Protection Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act, the Genetic Information Nondiscrimination Act, Section 1981 of Title 42 of the United States Code, the Rehabilitation Act of 1973, the Equal Pay Act, the Worker Adjustment and Retraining Notification Act, the Uniform Services Employment and Reemployment Rights Act, the California Government Code, the California Labor Code, the California Business and Professions Code, the California Military and Veterans Code, the California Family Rights Act, the Unruh Civil Rights Act, the California Victims of Domestic Violence Employment Leave Act, the California Minimum Wage Orders, the California Equal Pay Act, the California Worker Adjustment and Retraining Notification Act, the California Constitution; and all other federal, state, or local statutes, ordinances and laws; violation of any safety and health laws, statutes or regulations; or any other wrongful conduct, based upon events occurring prior to the date of execution of this release (“Released Claims”). The Released Claims, however, shall not include any claims for vested benefits under the applicable employee benefit plans maintained by the Company in accordance with the terms and conditions of such plans, or any claims for indemnification (including advancement of expenses) arising under any written indemnification agreement between the Company and Executive (including, but not limited to, that certain Undertaking, dated as of March 11, 2020, between the Company and Executive (the “Undertaking”) and the WilmerHale engagement letter, dated March 3, 2020 (the “Third Party Pay Agreement”)) or pursuant to the Company’s bylaws or pursuant to applicable law.

 

(c)   Executive further understands, acknowledges, and agrees to waive Executive’s rights under any other statute or regulation, state or federal, that provides that a general release does not extend to claims that Executive does not know or suspect to exist in Executive’s favor at the time of executing this Certificate and Supplemental Release, which if known to Executive must have materially affected Executive’s settlement with the Company. Without limiting the foregoing, Executive further acknowledges that Executive is aware of and familiar with the provisions of California Civil Code Section 1542, which provides as follows:

 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.

 

Being aware of this section, Executive hereby expressly waives and relinquishes, with respect to all of the Released Claims, all rights and benefits Executive may have under this statute as well as any under other statutes or common law principles of similar effect.

 

(d)   The parties intend this release by Executive to be a full and comprehensive general release waiving and releasing all claims, demands, and causes of action, known or unknown, to the fullest extent permitted by law except as otherwise expressly provided herein. Nothing in this Certificate or the Agreement is intended to nor shall it be interpreted to release any claim which, by law, may not be released or which involve vested benefits. This Certificate is not intended to and does not affect any rights or claims Executive may have arising after the date this Certificate is executed by Executive. Further, this Certificate shall not limit or prohibit either party’s ability to bring a claim to enforce this Certificate or the Agreement nor shall it waive or limit Executive’s right to indemnification (including with respect to any right to receive advancement of expenses and to be held harmless) pursuant to any applicable directors and officers liability insurance coverage, any written indemnification agreement between the Company and Executive (including, but not limited to, the Undertaking and the Third Party Pay Agreement) or pursuant to the Company’s bylaws or pursuant to applicable law.

 

 

 

 

6.    Additional Representations and Warranties. Executive represents that Executive has no pending complaints or charges against the Releasees, or any of them, with any state or federal court, or any local, state or federal agency, division, or department based on any event(s) occurring prior to the date Executive signs this Certificate. Executive further represents that Executive will not in the future file, participate in, encourage, instigate or assist in the prosecution of any claim, complaints, charges or in any lawsuit by any party in any state or federal court against the Releasees, or any of them, unless such aid or assistance is ordered by a court or government agency or sought by compulsory legal process, claiming that the Releasees, or any of them, have violated any local, state or federal laws, statutes, ordinances or regulations based upon events occurring prior to the execution of this Certificate. This prohibition applies only in situations where Executive may legally waive the ability to bring or participate in a legal action against her former employer as a matter of law. Nothing in this Certificate shall be construed as prohibiting Executive from making a future claim with the Equal Employment Opportunity Commission or any similar state agency; provided, however, that should Executive pursue such an administrative action against the Releasees, or any of them, to the maximum extent allowed by law, Executive agrees and acknowledges that Executive will not seek, nor shall Executive be entitled to recover, any monetary damages from any such proceeding.

 

7.    No Admission of Liability. By signing this Certificate, Executive does not suggest or admit to any liability to the Company or that she violated any law or any duty or obligation to the Company, or that she committed any wrongdoing whatsoever.

 

8.    Review and Revocation Periods. Executive has twenty-one (21) calendar days to review and sign this Certificate and is advised to consult with an attorney of her choice before signing this Certificate, which includes a release of claims under the ADEA. Executive understands that she may use as much of this 21-day period as she wishes prior to signing. Executive may expressly and voluntarily waive any part or all of the 21-day review period by signing and returning this Certificate prior to the expiration of the review period. Executive may revoke her acceptance of this release for seven (7) calendar days after signing this Certificate (the “Revocation Period”). The revocation must be in writing and delivered to the Company in care of its signatory to this Certificate. If Executive does not revoke this Certificate within the Revocation Period by notice to such person, it shall be fully enforceable without any further action by either party. This Certificate does not become effective until the day after the Revocation Period has expired. Executive hereby acknowledges and agrees that the 21-day review period for this Certificate commenced on November 22, 2021.

 

9.    This Certificate extends through the Separation Date the representations, acknowledgements, agreements and covenants Executive made in the Agreement.

 

10.   Executive acknowledges that she has read this Certificate and that she understands and voluntarily agrees to its terms.

 

Acknowledged and agreed to as of the date set forth below:

 

	 	 	 
	Jigisha Desai	 	Date

 

 

 

 

EXHIBIT B

 

PAYMENT SCHEDULE

 

 

	
			Cash Payment

				
			Amount

				
			Payment Schedule

			
	
			Payment 1

				
			An amount based on Executive’s 2019 – 2021 LTIP participation agreement*

				
			At the same time eligible participants’ 2019 – 2021 LTIP Awards are paid in 2022, but in no event later than December 31, 2022

			
	
			Payment 2

				
			An amount based on Executive’s 2020 – 2022 LTIP participation agreement*

				
			At the same time eligible participants’ 2020 – 2022 LTIP Awards are paid in 2023, but in no event later than December 31, 2023

			
	
			Payment 3

				
			An amount based on Executive’s 2021 – 2023 LTIP participation agreement*

				
			At the same time eligible participants’ 2021 – 2023 LTIP Awards are paid in 2024, but in no event later than December 31, 2024

			

 

* A single, lump sum cash payment based on the value of the number of restricted stock units Executive would have received under the listed award agreement if she had been employed on the date of payment based on actual results through the end of each applicable performance period, prorated on the basis of the ratio of the number of whole months of Executive’s service during the applicable performance period to the total number of months in the applicable performance period. The amount shall be determined in a manner no less favorable than for other eligible participants for such performance period.EXHIBIT 10.1

 

SECOND AMENDED AND RESTATED SPONSOR LETTER AGREEMENT

 

This SECOND AMENDED AND
RESTATED SPONSOR LETTER AGREEMENT (this “Agreement”) is entered into as of October 19, 2021, by and among ServiceMax,
Inc., a Delaware corporation (the “Company”), Pathfinder Acquisition Corporation, a Cayman Islands exempted company
incorporated with limited liability (“Pathfinder”), Pathfinder Acquisition LLC, a Delaware limited liability company
(the “Sponsor”), and, solely for purposes of Sections 2(b) and (c), Section 5, Section 7
(solely in respect of his or her respective representations and warranties contained therein), and Section 10 through Section
21, each of Richard Lawson, David Chung, Lindsay Sharma, Jon Steven Young, Hans Swildens, Steven Walske, Lance Taylor, Omar Johnson
and Paul Weiskopf (each, a “Pathfinder Insider” and, collectively, the “Pathfinder Insiders”). Each
of the Sponsor and each of the Pathfinder Insiders are sometimes referred to herein individually as a “Pathfinder Person”
and collectively as the “Pathfinder Persons”, and each of the Company, Pathfinder, the Sponsor and the Pathfinder Insiders
are sometimes referred to herein individually as a “Party” and collectively as the “Parties”. Except
as otherwise specified herein, capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the
Business Combination Agreement (as defined below).

 

WHEREAS, on July 15,
2021, (a) Pathfinder, the Company and Stronghold Merger Sub, Inc., a Cayman Islands exempted company incorporated with limited liability,
entered into the Business Combination Agreement (the “Original Business Combination Agreement”), pursuant to which
the parties thereto agreed to effect a series of transactions resulting in a business combination among the parties on the terms and subject
to the conditions therein and (b) concurrently with the entry into the Original Business Combination Agreement, the Parties entered into
the Sponsor Letter Agreement (the “Original Sponsor Letter Agreement”);

 

WHEREAS, each of the
Original Business Combination Agreement and the Original Sponsor Letter Agreement contemplated that, among other things, the parties hereto
or thereto would reasonably cooperate and work in good faith to effectuate the Alternative Transaction Structure (as defined in the Original
Business Combination Agreement) in the circumstances provided therein;

 

WHEREAS, on August
11, 2021, (a) Pathfinder, the Company and Serve Merger Sub, Inc., (“Merger Sub”) a Delaware corporation, amended and
restated the Original Business Combination Agreement by entering into the Amended and Restated Business Combination Agreement (the “Business
Combination Agreement”) to effectuate the Alternative Transaction Structure (as defined in the Original Business Combination
Agreement and under which, among other things, (i) on the Closing Date prior to the Closing, the Company will consummate the Pre-Closing
Reorganization, and (ii) at the Effective Time, Merger Sub will merge with and into the Company (the “Merger”), with
the Company as the surviving corporation in the Merger (collectively, and together with the other transactions contemplated by the Business
Combination Agreement and the Ancillary Documents, the “Transactions”), in each case, on the terms and subject to the
conditions set forth in the Business Combination Agreement and (b) concurrently with the entry into the Business Combination Agreement,
the Parties amended and restated the Original Sponsor Letter Agreement by entering into the Amended and Restated Sponsor Letter Agreement
(the “Amended and Restated Sponsor Letter Agreement”);

 

WHEREAS, Section 14
of the Amended and Restated Sponsor Letter Agreement provides that the Amended and Restated Sponsor Letter Agreement may be amended if
such amendment is in writing and signed by the Pathfinder Persons, the Company and Pathfinder;

 

WHEREAS, the Parties
desire to amend and restate the Amended and Restated Sponsor Letter Agreement in its entirety on the terms and subject to the conditions
herein;

 

     

     

    

 

WHEREAS, reference
is made to (a) the Letter Agreement (the “Sponsor Letter”), dated February 16, 2021, delivered by the Pathfinder Persons
to Pathfinder, (b) the Registration and Shareholder Rights Agreement, dated February 16, 2021 (the “Pathfinder Registration Rights
Agreement”), by and among Pathfinder, the Sponsor and each of the other Holders (as such term is defined therein) and (c) the
Amended and Restated Registration and Shareholder Rights Agreement, dated as of the date hereof (the “Shareholder Rights Agreement”),
by and among the Company, the Sponsor, certain other Pathfinder Persons, and certain of the Company stockholders;

 

WHEREAS, as of August
11, 2021, each Pathfinder Person, in its capacity as a holder of Pathfinder Shares and/or Pathfinder Warrants, was the holder of record
and the “beneficial owner” (within the meaning of Rule 13d-3 under the Exchange Act) of (a) the number of Pathfinder Warrants
and/or (b) the number of Pathfinder Class B Shares, in each case, set forth on Exhibit A attached hereto opposite such
Pathfinder Person’s name on such Exhibit (collectively, with respect to each Pathfinder Person, the “Subject Pathfinder
Securities”);

 

WHEREAS, in connection
with (and as part of) the Domestication, (a) each Pathfinder Pre-Closing Share will be converted into one Pathfinder Share, (b) each Pathfinder
Warrant that is outstanding immediately prior to the Domestication will be automatically converted into, from and after the Domestication,
a Pathfinder Post-Closing Warrant, (c) the Governing Documents of Pathfinder shall be amended and restated to be the Pathfinder Post-Closing
Certificate of Incorporation and the Pathfinder Post-Closing Bylaws, and (d) Pathfinder’s name will be changed to “ServiceMax,
Inc.”, or such other name mutually agreed to by Pathfinder and the Company prior to the Closing Date, in each case, on the terms
and subject to the conditions set forth in the Business Combination Agreement;

 

WHEREAS, in consideration
for the benefits to be received by the Sponsor and each of the Pathfinder Insiders under the terms of the Business Combination Agreement
and as a material inducement to the Company and Pathfinder agreeing to enter into and consummate the transactions contemplated by the
Business Combination Agreement, the Sponsor and each of the Pathfinder Insiders agrees to enter into this Agreement and to be bound by
certain of the agreements, covenants and obligations contained in this Agreement; and

 

WHEREAS, the Parties
acknowledge and agree that the Company and Pathfinder would not have entered into and agreed to consummate the transactions contemplated
by the Business Combination Agreement without each of the Pathfinder Persons entering into this Agreement and agreeing to be bound by
the applicable agreements, covenants and obligations contained in this Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the premises and the mutual promises set forth herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties, each intending to be legally bound, hereby agree that the Amended and Restated
Sponsor Letter Agreement is hereby amended and restated in its entirety by this Agreement, and further agree as follows:

 

1. Definitions.
As used in this Agreement, the following terms have the respective meanings set forth below.

 

 “Earn-Out End Date” has
the meaning set forth in Section 4 of this Agreement. 

 

    2

     

    

 

“Earn-Out Shares”
has the meaning set forth in Section 4 of this Agreement.

 

“Excess Pathfinder
Liabilities Amount” means an amount equal to the excess, if any, of (a) sum of the Unpaid Pathfinder Liabilities and the Unpaid
Pathfinder Expenses, over (b) $30,000,000. For the avoidance of doubt, if there is no such excess, then the Excess Pathfinder Liabilities
Amount shall be equal to zero.

 

“Fair Market Value”
means, with respect to any asset or securities, the fair market value for such asset(s) or security(ies) as between a willing buyer and
a willing seller, in an arm’s length transaction occurring on the date of valuation, taking into account all relevant factors determinative
of value, as reasonably determined in good faith by the Pathfinder Board, and without taking into account any minority, illiquidity or
similar discount or factors; provided, however, that if any such security is an Equity Security for which a public market
exists, the value attributed to such Equity Security shall be the volume weighted average price per share of such Equity Securities for
the five consecutive Trading Days ending on the day immediately prior to the closing of such Pathfinder Sale (calculated as a single period)
on the primary securities exchange on which such Equity Security is listed. For the avoidance of doubt, the ultimate price per share payable
to all holders of Pathfinder Shares will be the same price per share used to calculate the number of Earn-Out Shares that vest.

 

“First Trigger Price”
has the meaning set forth in Section 4 of this Agreement.

 

“immediate family”
means, with respect to any natural person, any of the following: such person’s spouse, the siblings of such person and his or her
spouse, and the direct descendants and ascendants (including adopted and step children and parents) and his or her spouses and siblings.

 

“Parties”
has the meaning set forth in the Recitals to this Agreement.

 

“Pathfinder Insider”
has the meaning set forth in the Recitals to this Agreement.

 

“Pathfinder Liabilities”
means, as of any determination time, the aggregate amount of liabilities that are actually due and payable by the Pathfinder Parties as
of such time. Notwithstanding the foregoing or anything to the contrary herein, (a) Pathfinder Liabilities shall not include (i) any Pathfinder
Expenses, (ii) any liabilities of the Pathfinder Parties that are contingent, unknown, unmatured or not determinable or that have been
paid or otherwise satisfied, or (iii) any liabilities arising out of, or related to, any Proceeding related to this Agreement, the Business
Combination Agreement, the other Ancillary Documents or the transactions contemplated hereby or thereby, including any shareholder demand
or other shareholder Proceeding (including any derivative claim) arising out of, or related to, any of the foregoing, and (b) neither
Pathfinder Liabilities nor Pathfinder Expenses shall, for purposes of this Agreement, include any fees or expenses of any placement agents
or similar brokers or bankers engaged for purposes of an actual or potential private placement of securities in connection with the Transactions
or the process related thereto.

 

“Pathfinder Person”
has the meaning set forth in the Recitals to this Agreement.

 

“Pathfinder Pre-Closing
Shares” means the Pathfinder Class A Shares and Pathfinder Class B Shares that are issued and outstanding immediately prior
to the Domestication.

 

“Pathfinder Redemption
Forfeited Shares” means a number of Pathfinder Sponsor Shares equal to the lesser of (a) 25% of the Pathfinder Sponsor Shares
and (b) the Pathfinder Shareholder Redemption Percentage of the Pathfinder Sponsor Shares held by Sponsor immediately prior to the Effective
Time.

 

    3

     

    

 

“Pathfinder Registration
Rights Agreement” has the meaning set forth in the Recitals to this Agreement.

 

“Pathfinder Sale”
means (a) a purchase, sale, exchange, merger, business combination or other transaction or series of related transactions in which a majority
of the Pathfinder Post-Closing Common Shares are, directly or indirectly, converted into cash, securities or other property or non-cash
consideration of or paid by an unrelated person or entity, including parties acting as a “group” as defined in Section 13(d)(3)
of the Exchange Act (other than, in the case of this clause (a), any transaction in which the holders of the Pathfinder Shares
as of immediately prior to the consummation of such transaction continue to own a majority of the Equity Securities of Pathfinder (or
any successor or parent entity of the Pathfinder) immediately following the consummation of such transaction), (b) a direct or indirect
sale, lease, exchange or other Transfer (regardless of the form of the transaction) in one transaction or a series of related transactions
of all or substantially all of Pathfinder’s assets, as determined on a consolidated basis, to an unrelated person or entity, including
parties acting as a “group” (as defined in Section 13(d)(3) of the Exchange Act) or (c) any transaction or series of related
transactions that results, directly or indirectly, in the shareholders of Pathfinder as of immediately prior to such transactions holding,
in the aggregate, less than fifty percent (50%) of the outstanding voting power and outstanding stock or other equity interests of the
resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion of such transaction or fifty percent
(50%) of the Equity Securities of the resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion
of such transaction (whether voting or non-voting) immediately after the consummation thereof (in the case of each of clause (a),
(b) or (c), whether by amalgamation, merger, consolidation, arrangement, tender offer, recapitalization, purchase, issuance,
sale or Transfer of Equity Securities or assets or otherwise).

 

“Pathfinder Sale
Price Per Share” of the Pathfinder Shares means the amount of cash proceeds and the Fair Market Value of any non-cash consideration
(with such Fair Market Value being determined as of the closing date of the underlying transaction or series of related transactions),
in each case, that a holder of one Pathfinder Share would be entitled to receive or receives, directly or indirectly, in a transaction
or series of related transactions ((a) assuming that any earn-out, deferred, contingent or similar payments or other consideration, escrows,
holdbacks and similar items are included as part of the consideration received as of the initial closing of such transaction(s) and (b)
calculated as if the Equity Securities, directly or indirectly, acquired in such transaction are all of the Equity Securities then outstanding,
except that, with respect to the Earn-Out Shares, only Earn-Out Shares that will vest at or prior to the closing of such transaction(s)
will be included for this purpose).

 

“Pathfinder Security
Value” means (a) with respect to each Pathfinder Share, $10.00 and (b) with respect to each Pathfinder Warrant, the higher of
(i) the volume weighted average price per warrant of the Pathfinder Warrants for the five consecutive Trading Days ending on the day immediately
prior to the date hereof (calculated as a single period) on the primary securities exchange on which the Pathfinder Warrants are listed,
and (ii) the volume weighted average price per warrant of the Pathfinder Warrants for the five consecutive Trading Days ending on the
day immediately prior to the Closing (calculated as a single period) on the primary securities exchange on which the Pathfinder Warrants
are listed.

 

“Pathfinder Shareholder
Redemption Percentage” means a number expressed as a percentage (e.g., 10% (as opposed to 0.10)) equal to (a) 0.25 multiplied
by (b) a fraction (i) the numerator of which is the number of Pathfinder Shares with respect to which a Pathfinder Shareholder Redemption
has been exercised and (ii) the denominator of which is the total number of Pathfinder Class A Shares outstanding as of the date hereof.

 

“Pathfinder Sponsor
Shares” means (a) prior to the consummation of the Domestication, the Pathfinder Class B Shares held by the Sponsor, and (b)
from and after the consummation of the Domestication, the Pathfinder Post-Closing Common Shares that are received by the Sponsor in connection
with the conversion of its Pathfinder Class B Shares. Any reference to the Pathfinder Sponsor Shares shall be deemed to refer to clause
(a) and/or clause (b) of this definition, as the context so requires.

 

    4

     

    

 

“Permitted Transferee”
means, with respect to any Person (a) any direct or indirect members, partners (whether general or limited partners) or equityholders
or other holders of interests of such Person or any of its Affiliates or any officers, directors or employees of such Person or any Affiliates
of any of the foregoing (it being understood and agreed, for the avoidance of doubt, that Pathfinder and Sponsor shall, prior to the Closing,
be deemed Affiliates of each other for purposes of this clause (a)), (b) such Person’s immediate family, (c) any trust for
the direct or indirect benefit of such Person or the immediate family of such Person or (d) if such Person is a trust, to the trustor
or beneficiary(ies) of such trust or to the estate of a beneficiary of such trust.

 

“Pre-Closing Pathfinder
Party” means each of the Sponsor and, prior to the Effective Time, Merger Sub and Pathfinder.

 

“Retained Shares”
has the meaning set forth in Section 4 of this Agreement.

 

“Second Trigger Price”
has the meaning set forth in Section 4 of this Agreement.

 

“Sponsor”
has the meaning set forth in the Recitals to this Agreement.

 

“Sponsor Letter”
has the meaning set forth in the Recitals to this Agreement

 

“Stock Price”
means, on any Trading Day, the volume-weighted average sale price per share of Pathfinder Shares reported as of 4:00 p.m., New York City
time on such date by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted
average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning
at 9:30:01 a.m., New York City time (or such other time as the trading market publicly announces is the official open of trading), and
ending at 4:00 p.m., New York City time (or such other time as the trading market publicly announces is the official close of trading),
as reported by Bloomberg, or if not available on Bloomberg, as reported by Morningstar, or, if not available on Bloomberg or Morningstar,
by an authoritative source generally used for such purposes.

 

“Subject Pathfinder
Securities” has the meaning set forth in the Recitals to this Agreement.

 

“Third Trigger Price”
has the meaning set forth in Section 4 of this Agreement.

 

“Trading Day”
means any day on which trading is generally conducted on NASDAQ or any other exchange on which the Pathfinder Shares are traded on or
after the Closing and on or prior to the Earn-Out End Date.

 

“Transactions”
has the meaning set forth in the Recitals to this Agreement.

 

“Transfer”
means any sale, transfer, assignment or disposition of an interest (whether with or without consideration, whether voluntarily or involuntarily
or by operation of law or otherwise).

 

“Trigger Prices”
has the meaning set forth in Section 4 of this Agreement.

 

“Unpaid Pathfinder
Expenses” means the Pathfinder Expenses that are unpaid as of immediately prior to the Closing.

 

“Unpaid Pathfinder
Liabilities” means the Pathfinder Liabilities that are unpaid as of immediately prior to the Closing.

 

“Vesting Commencement
Date” means the date that is 150 days after the Closing Date.

 

“Warrant Forfeiture
Notice” has the meaning set forth in Section 3 of this Agreement.

 

“Willful Breach”
means a material breach of this Agreement that is a consequence of an act or a failure to act by the breaching Party with the knowledge
that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this
Agreement.

 

    5

     

    

 

2. Sponsor
Letter. The Company, Pathfinder, and the Pathfinder Persons hereby agree as follows:

 

(a) The
Sponsor Letter provides in Section 3 thereof that Pathfinder shall not enter into a definitive agreement regarding a proposed Business
Combination (as defined therein) without the prior written consent of the Sponsor. The Transactions constitute a Business Combination
(as defined in the Sponsor Letter) for purposes of the Sponsor Letter and the Sponsor hereby consents to entry into the Business Combination
Agreement.

 

(b) The
Sponsor Letter provides in Section 3 thereof for certain obligations in respect of voting all Founder Shares (as defined therein) and
Public Shares (as defined therein) beneficially owned by the Sponsor and by the Pathfinder Insiders, as applicable, in favor of such Business
Combinations (as defined therein) and forgoing redemption rights in respect thereof. The Transactions constitute a Business Combination
(as defined in the Sponsor Letter) for purposes of the Sponsor Letter and the Sponsor and each Pathfinder Insider will comply with its,
his or her respective obligations under Section 3 of the Sponsor Letter, it being understood that, for the avoidance of doubt, nothing
set forth in this Section 2(b) shall conflict with or create any obligations inconsistent with Section 12.

 

(c) Subject
to, and conditioned upon the occurrence and effective as of, the Effective Time, Section 5 of the Sponsor Letter shall be amended
and restated to provide in its entirety as follows: “[Reserved].”

 

3. Pathfinder
Sponsor Share and Pathfinder Warrant Forfeiture.

 

(a) Subject
to, and conditioned upon the occurrence and effective as of immediately following the Domestication and immediately prior to, the Effective
Time, the Sponsor shall automatically be deemed to irrevocably forfeit, surrender and transfer to Pathfinder for no consideration
a number of Pathfinder Sponsor Shares and/or Pathfinder Warrants, as applicable, if any, held by the Sponsor immediately prior to the
Effective Time, with such number of Pathfinder Sponsor Shares and/or Pathfinder Warrants, as applicable, if any, so forfeited being determined
on the terms and subject to the conditions set forth in this Section 3 (such Pathfinder Sponsor Shares and/or Pathfinder Warrants,
the “Pathfinder Forfeited Equity Securities”). From and after the time that the Pathfinder Forfeited Equity Securities
(if any) are forfeited, surrendered and transferred to Pathfinder as provided in this Section 3, such Pathfinder Forfeited Equity
Securities shall be deemed to be cancelled and no longer outstanding.

 

(b) Subject
to Section 3(d), if there is an Excess Pathfinder Liabilities Amount, then the Sponsor shall be deemed to forfeit a number of Pathfinder
Sponsor Shares and/or Pathfinder Warrants, as applicable, held by it immediately prior to the Effective Time pursuant to this Section
3 with a value (based on the applicable Pathfinder Security Value) equal to the Excess Pathfinder Liabilities Amount. The number of
Pathfinder Sponsor Shares and/or Pathfinder Warrants, as applicable, forfeited by the Sponsor in connection with an Excess Pathfinder
Liabilities amount, will be determined by the Sponsor by giving written notice (the “Excess Liability Forfeiture Notice”)
to the Company prior to the Closing of the number of Pathfinder Sponsor Shares and/or Pathfinder Warrants, as applicable, to be so forfeited
(with the number of such Pathfinder Forfeited Equity Securities rounded down to the nearest full share); provided, however,
that if the Sponsor does not deliver the Excess Liability Forfeiture Notice to the Company prior to the Closing, then the Sponsor shall,
for purposes of this Section 3, be deemed to have elected to forfeit Pathfinder Sponsor Shares held by it immediately prior to
the Effective Time with a value (based on the applicable Pathfinder Security Value) equal to the Excess Pathfinder Liabilities Amount
(with the number of such Pathfinder Forfeited Equity Securities rounded down to the nearest full share).

 

(c) Subject
to Section 3(d), if there are Pathfinder Shareholder Redemptions, then the Sponsor shall be deemed to forfeit a number of Pathfinder
Sponsor Shares held by it immediately prior to the Effective Time pursuant to this Section 3 equal to the Pathfinder Redemption
Forfeited Shares.

 

(d) Notwithstanding
Section 3(b) or Section 3(c) or anything else to the contrary in this Agreement, in no event shall the number of Pathfinder
Sponsor Shares forfeited by the Sponsor pursuant to this Section 3 exceed fifty percent (50%) of the Pathfinder Sponsor Shares
held by Sponsor immediately prior to the Effective Time.

 

    6

     

    

 

4.
Earn-Out Shares.

 

(a) Subject
to, and conditioned upon the occurrence of and effective immediately after, the Effective Time, (i) fifty percent (50%) of the Pathfinder
Sponsor Shares immediately prior the Effective Time (and immediately prior to and not taking into account any forfeiture), rounded up
to the nearest whole share, shall be not be subject to the provisions set forth in this Section 4 (such Pathfinder Sponsor
Shares, the “Retained Shares”) and (ii) the remaining Pathfinder Sponsor Shares (other than, for the avoidance of doubt,
the Retained Shares and any shares forfeited subject to Section 3 above), if any, held by the Sponsor immediately after the Effective
Time shall be subject to the provisions set forth in this Section 4 (such Pathfinder Sponsor Shares, the “Earn-Out Shares”).

 

(b) Subject
to, and conditioned upon the occurrence of and effective immediately after, the Effective Time, the Earn-Out Shares shall be unvested
and subject to the restrictions and forfeiture provisions set forth in this Section 4. The Earn-Out Shares shall vest and become
free of the provisions set forth in this Section 4 as follows: (i) with respect to one-third of the Earn-Out Shares, the first
day on which the Stock Price is equal to or greater than $12.50 per share (such price, as may be adjusted from time to time pursuant to
this Section 4, the “First Trigger Price”) for at least twenty out of thirty consecutive Trading Days during
the period beginning on the Vesting Commencement Date and ending on the fifth (5th) anniversary of the Closing Date (as such date may
be extended pursuant to this Section 4, the “Earn-Out End Date”); (ii) with respect to one-third of the Earn-Out
Shares, the first day on which the Stock Price is equal to or greater than $15.00 per share (such price, as may be adjusted from time
to time pursuant to this Section 4, the “Second Trigger Price”) for at least twenty out of thirty consecutive
Trading Days during the period beginning on the Vesting Commencement Date and ending on the Earn-Out End Date; and (iii) with respect
to one-third of the Earn-Out Shares, the first day on which the Stock Price is equal to or greater than $17.50 per share (such price,
as may be adjusted from time to time pursuant to this Section 4, the “Third Trigger Price” and together with
the First Trigger Price and the Second Trigger Price, collectively, the “Trigger Prices”) for at least twenty out of
thirty consecutive Trading Days during the period beginning on the Vesting Commencement Date and ending on the Earn-Out End Date; provided,
however, that (i) if the fifth (5th) anniversary of the Closing Date occurs on a day that is not a Trading Day, then the Earn-Out
End Date shall be deemed to occur on the next following Trading Day, and (ii) if Pathfinder or any of its Affiliates enters into a definitive
agreement with respect to a Pathfinder Sale on or prior to the fifth (5th) anniversary of the Closing Date, then the Earn-Out End Date
shall be automatically extended and shall be deemed to occur on the earlier of (A) the day after such Pathfinder Sale is consummated and
(B) the termination of such definitive agreement with respect to such Pathfinder Sale in accordance with its terms. Any Earn-Out Shares
that have not vested in accordance with this Section 4(b) or Section 4(c) on or before the Earn-Out End Date will be
immediately cancelled for no consideration at 11:59 p.m., New York City time on the Earn-Out End Date.

 

(c) In
the event of a Pathfinder Sale on or prior to the Earn-Out End Date, the requirement that the Stock Price trade above the relevant trigger
prices for twenty out of thirty days shall not apply and any unvested Earn-Out Shares as of such time (i) will fully vest and become free
of the restrictions set forth in this Section 4, effective as of immediately prior to the closing of such Pathfinder Sale, if the
Pathfinder Sale Price Per Share of Pathfinder Shares paid or payable in such Pathfinder Sale is equal to or exceeds the Trigger Price
applicable to such Earn-Out Shares and (ii) will be automatically and irrevocably be forfeited, surrendered and transferred to Pathfinder
for no consideration, effective as of immediately prior to the closing of such Pathfinder Sale, if the Pathfinder Sale Price Per Share
of Pathfinder Shares paid or payable in such Pathfinder Sale is less than the Trigger Price applicable to such Earn-Out Shares.

 

    7

     

    

 

(d) The
Sponsor may not, at any time from and after the Closing Date through and until the earliest of (i) the date that the applicable Earn-Out
Shares vest pursuant to this Section 4 or (ii) the closing of a Pathfinder Sale, Transfer any unvested Earn-Out Shares. The foregoing
sentence shall not apply (A) to the Transfer of any or all of the Earn-Out Shares held by a Person to any Permitted Transferee, (B) to
the Transfer of any or all of the Earn-Out Shares held by a Person pursuant to a bona fide gift or charitable contribution, (C) to the
Transfer of any or all of the Earn-Out Shares held by a Person by virtue of wills and laws of descent and distribution upon death of the
individual, or (D) to the Transfer of any or all of the Earn-Out Shares held by a Person pursuant to a court order or settlement agreement
related to the distribution of assets in connection with the dissolution of marriage or civil union or other qualified domestic relations
order. Notwithstanding the foregoing or anything to the contrary herein, (i) (A) any such Earn-Out Shares Transferred by the Sponsor (and,
for the avoidance of doubt, any Permitted Transferees) shall remain subject to this Section 4 and the terms of any applicable “lock-up”
in the Shareholder Rights Agreement until twelve months from the Closing Date and (B) the transferee of such Earn-Out Shares shall agree
in writing that he, she or it is receiving and holding such Earn-Out Shares subject to the provisions of this Section 4 and (ii)
from and after a Transfer by the Sponsor or such other Person who holds such Earn-Out Shares, all references to the Sponsor in this Section
4 shall include such transferee and shall collectively mean the Sponsor (to the extent that it then holds Earn-Out Shares) and each
such transferee of Earn-Out Shares previously held by the Sponsor (in each case, to the extent he, she or it then holds Earn-Out Shares).
Each such transferee of Earn-Out Shares shall be a third party beneficiary of this Section 4 and Section 21.

 

(e) The
Earn-Out Shares and the Trigger Prices (and all references to Stock Price and Pathfinder Shares and each of the foregoing in this Agreement)
shall each be adjusted appropriately to reflect the effect of any share split, reverse share split, share dividend (including any dividend
or other distribution of securities convertible into Pathfinder Shares), reorganization, recapitalization, reclassification, combination,
exchange of shares or other like change with respect to the Pathfinder Shares (or any other Equity Securities into which they are adjusted
pursuant to this Section 4(e)) at any time prior to the vesting of any Earn-Out Shares pursuant to this Section 4 so as
to provide the holders of such Earn-Out Shares with the same economic effect as contemplated by this Section 4 prior to such event
and as so adjusted shall, from and after the date of such event, be the Earn-Out Shares, the Trigger Prices, the Stock Prices and Pathfinder
Shares, as applicable.

 

(f) From
and after the Closing, Pathfinder shall take all necessary actions and use reasonable best efforts to remain listed as a public company
on, and for the Earn-Out Shares to be tradable over, the Designated Exchange or any other nationally recognized U.S. stock exchange; provided,
however, the foregoing shall not limit Pathfinder or any of its Affiliates from consummating a Pathfinder Sale or entering into
a definitive agreement that contemplates a Pathfinder Sale. Subject to Section 4(c) and the other applicable provisions of this
Section 4, upon the consummation of a Pathfinder Sale, Pathfinder shall have no further obligations under this Section 4(f).

 

(g) From
and after the Closing, at any time (i) prior to the Earn-Out End Date or (ii) from and after the vesting of any Earn-Out Shares, Pathfinder
shall take all actions necessary or appropriate to evidence the ownership by the Sponsor of such Earn-Out Shares, including through the
provision of an updated securities registry showing such ownership (as certified by an officer of Pathfinder responsible for maintaining
such registry or the applicable registrar or transfer agent of Pathfinder). At the time that any Earn-Out Shares become vested pursuant
to this Section 4, Pathfinder shall remove or cause to be removed any legends, stock transfer restrictions, stop transfer orders
or similar restrictions with respect to such Earn-Out Shares related to vesting or this Section 4 (other than, for the avoidance
of doubt, those that relate to any applicable and then-existing lock-up period with respect to such Earn-Out Shares in the Shareholder
Rights Agreement).

 

    8

     

    

 

(h)
The Sponsor shall retain all of its rights as a stockholder of Pathfinder with respect to any Earn-Out Shares held by it during any period
of time that such shares are subject to restriction on Transfer or sale hereunder, including the right to vote any such shares and the
right to receive dividends and other distributions with respect to such Earn-Out Shares prior to vesting (provided that dividends
and other distributions with respect to Earn-Out Shares that are subject to vesting and are unvested at the time of such dividend or distribution
shall only be paid to such holders upon the vesting of such Earn-Out Shares (and, if any dividends or other distributions with respect
to Earn-Out Shares are set aside and such Earn-Out Shares are subsequently cancelled pursuant to this Section 4, such set aside
dividends or distributions shall become the property of Pathfinder)); provided that, if for U.S. federal and applicable state income
tax purposes, Pathfinder intends to report any such dividends and distributions as a taxable dividend or distribution with respect to
such Earn-Out Shares of the Sponsor, at the time such dividend or distribution would otherwise be paid with respect to such Earn-Out Shares,
Pathfinder shall pay to the Sponsor a portion of such dividend or distribution sufficient such that the Sponsor and its direct and indirect
partners and/or other equityholders may make payments equal to the amount of applicable the U.S. federal and state income tax liability
with respect to such income.

 

(i) The
Sponsor intends to make a protective election under Section 83(b) of the Code with respect to the Earn-Out Shares.

 

(j) The
Parties agree and acknowledge that the Earn-Out Shares are intended to constitute “voting stock” within the meaning of Section
368(a)(1) of the Code and the Treasury Regulations promulgated thereunder received by the Sponsor in connection with the Mergers, and
shall file all Tax Returns consistent with, and take no position inconsistent with (whether in audits, Tax Returns or otherwise) such
treatment unless (i) such Party receives written confirmation from each of Kirkland & Ellis LLP and Ropes & Gray LLP to the effect
that such law firm is unable to conclude that such treatment is more likely than not correct, provided that such Party shall use
reasonable best efforts to cause each such law firm to reach such conclusion (including by providing customary factual representations
and covenants), to such law firm; provided, further, that, for the avoidance of doubt, the Pathfinder shall not be required
to restructure, or otherwise alter the terms of, the transaction as provided for in this Agreement or the Business Combination Agreement,
or (ii) otherwise required by a final “determination” within the meaning of Section 1313(a) of the Code.

 

5. Pathfinder
Registration Rights Agreement. Subject to, and conditioned upon the occurrence, and effective as of the Effective Time, Pathfinder,
the Sponsor and each of the other Pathfinder Persons who are party to the Pathfinder Registration Rights Agreement agree that the Pathfinder
Registration Rights Agreement is hereby terminated in its entirety, and shall be of no further force or effect from and after such time.

 

6. Anti-Dilution
Adjustment Waiver. Each Pathfinder Person that holds Pathfinder Class B Shares hereby (a) waives, subject to, and conditioned upon
and effective as of immediately prior to, the occurrence of the Effective Time, any rights to adjustment of the conversion ratio with
respect to the Pathfinder Class B Shares held by such Pathfinder Person set forth in the Governing Documents of Pathfinder or any other
anti-dilution or similar protection with respect to the Pathfinder Class B Shares held by such Pathfinder Person (in each case, whether
resulting from the transactions contemplated by the Business Combination Agreement or otherwise) and (b) agrees not to assert or perfect
any rights to adjustment of the conversion ratio with respect to the Pathfinder Class B Shares held by such Pathfinder Person set forth
in the Governing Documents of Pathfinder or any other anti-dilution or similar protection with respect to the Pathfinder Class B Shares
held by such Pathfinder Person (in each case, whether resulting from the transactions contemplated by the Business Combination Agreement
or otherwise).

 

    9

     

    

 

7. Representations
and Warranties of Pathfinder Persons. Each Pathfinder Person represents and warrants, as of the date hereof, solely with respect to
himself, herself or itself, and not on behalf of any other person, to the Company as follows:

 

(a) If
such Pathfinder Person is not an individual, such Pathfinder Person is a corporation, limited liability company or other applicable business
entity duly organized or formed, as applicable, validly existing and in good standing (or the equivalent thereof, if applicable, in each
case, with respect to the jurisdictions that recognize the concept of good standing or any equivalent thereof) under the Laws of its jurisdiction
of formation or organization (as applicable).

 

(b) Such
Pathfinder Person (if not an individual) has the requisite corporate, limited liability company or other similar power and authority and,
if such Pathfinder Person is an individual, legal capacity to execute and deliver this Agreement, to perform his, her or its covenants,
agreements and obligations hereunder, and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
has been duly authorized by all necessary corporate or other action on the part of such Pathfinder Person, if such Pathfinder Person is
not an individual. This Agreement has been duly and validly executed and delivered by such Pathfinder Person and constitutes a valid,
legal and binding agreement of such Pathfinder Person (assuming that this Agreement is duly authorized, executed and delivered by the
other Parties), enforceable against such Pathfinder Person in accordance with its terms (subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other Laws affecting generally the enforcement of creditors’ rights and subject to general principles
of equity).

 

(c) No
consent, approval or authorization of, or designation, declaration or filing with, any Governmental Entity is required on the part of
such Pathfinder Person with respect to such Pathfinder Person’s execution, delivery or performance of his, her or its covenants,
agreements or obligations under this Agreement or the consummation of the transactions contemplated hereby, except for (i) compliance
with and filings under the HSR Act, if applicable, or under any applicable antitrust or competition Laws of any non-U.S. jurisdiction
or any other merger control or investment Laws or Laws that provide for review of national security or defense matters, (ii) any filings
with the SEC related to his, her or its ownership of Equity Securities of Pathfinder or the transactions contemplated by the Business
Combination Agreement, this Agreement or any other Ancillary Documents to which he, she or it is a party, or (iii) any other consents,
approvals, authorizations, designations, declarations, waivers or filings, the absence of which would not adversely affect the ability
of such Pathfinder Persons to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations hereunder
in any material respect.

 

(d) None
of the execution or delivery of this Agreement by such Pathfinder Person, the performance by such Pathfinder Person of any of his, her
or its covenants, agreements or obligations under this Agreement or the consummation of the transactions contemplated hereby will, directly
or indirectly (with or without due notice or lapse of time or both) (i) if such Pathfinder Person is not an individual, result in any
breach of any provision of such Pathfinder Person’s Governing Documents, (ii) result in a violation or breach of, or constitute
a default or give rise to any right of termination, Consent, cancellation, amendment, modification, suspension, revocation or acceleration
under, any of the terms, conditions or provisions of any Contract to which such Pathfinder Person is a party, (iii) violate, or constitute
a breach under, any Order or applicable Law to which such Pathfinder Person or any of his, her or its properties or assets are bound or
(iv) other than the restrictions contemplated by this Agreement, the Business Combination Agreement or any other Ancillary Document, result
in the creation of any Lien upon the Subject Pathfinder Securities owned by him, her or it (if any) (other than as expressly provided
under this Agreement), except, in the case of any of clauses (ii) and (iii) above, as would not to adversely affect
the ability of such Pathfinder Person to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations
hereunder in any material respect.

 

    10

     

    

 

(e) Such
Pathfinder Person was, as of August 11, 2021, the record and/or beneficial owner of the Subject Pathfinder Securities owned by him, her
or it (if any) as set forth on Exhibit A hereto free and clear of all Liens, other than Liens pursuant to applicable securities
laws and set forth in the Pathfinder SEC Reports. Such Pathfinder Person does not own, of record or beneficially, any other Equity Securities
of Pathfinder other than the applicable Subject Pathfinder Securities owned by him, her or it (if any) set forth opposite his, her or
its name on Exhibit A hereto. Such Pathfinder Person has the sole right to vote (and provide consent in respect of, as applicable)
the Subject Pathfinder Securities owned by him, her or it (if any) as set forth on Exhibit A hereto as of the date hereof. Except
for this Agreement, the Business Combination Agreement, the other Ancillary Documents, the Governing Documents of Pathfinder, those Contracts
or other arrangements set forth in the Pathfinder SEC Reports (including, for the avoidance of doubt, the Sponsor Letter and the Pathfinder
Registration Rights Agreement), or any proxy given for purposes of voting in favor of the Transaction Proposals, such Pathfinder Person
is not party to or bound by (i) any option, warrant, purchase right or other Contract that would (either alone or in connection with one
or more events, developments or events (including the satisfaction or waiver of any conditions precedent)) require such Pathfinder Person
to Transfer any of the Subject Pathfinder Securities owned by him, her or it (if any) or (ii) any voting trust, proxy or other Contract
with respect to the voting or Transfer of any of the Subject Pathfinder Securities owned by him, her or it (if any) in a manner inconsistent
with the requirements of this Agreement, in the case of either clause (i) or (ii), that would adversely affect the ability
of such Pathfinder Person to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations hereunder
in any material respect.

 

(f) As
of August 11, 2021, there was no Proceeding pending or, to such Pathfinder Person’s knowledge, threatened against or involving him,
her, it or any of his, her or its Affiliates that, if adversely decided or resolved, would reasonably be expected to adversely affect
the ability of him, her or it to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations under
this Agreement in any material respect.

 

(g) In
entering into this Agreement and the other Ancillary Documents to which he, she or it is or will be a party, such Pathfinder Person has
relied solely on his, her or its own investigation and analysis and the representations and warranties expressly set forth in this Agreement
and the other Ancillary Documents to which he, she or it is or will be a party and no other representations or warranties of Pathfinder,
the Company or any other person, either express or implied, and such Pathfinder Person, on his, her or its own behalf and on behalf of
his, her or its Representatives, acknowledges, represents, warrants and agrees that, except for the representations and warranties expressly
set forth in this Agreement or in the other Ancillary Documents to which he, she or it is or will be a party, none of Pathfinder, the
Company or any other Person makes or has made any representation or warranty, either express or implied, to it, him or her in connection
with or related to this Agreement, the Business Combination Agreement or the other Ancillary Documents or the transactions contemplated
hereby or thereby.

 

8. Representations
and Warranties of the Company. The Company represents and warrants, as of the date hereof, to each of the Pathfinder Persons as follows:

 

(a) The
Company is a corporation, limited liability company or other applicable business entity duly organized or formed, as applicable, validly
existing and in good standing (or the equivalent thereof, if applicable, in each case, with respect to the jurisdictions that recognize
the concept of good standing or any equivalent thereof) under the Laws of its jurisdiction of formation or organization (as applicable).

 

    11

     

    

 

(b) The
Company has the requisite corporate, limited liability company or other similar power and authority to perform its covenants, agreements
and obligations hereunder, and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement has been
duly authorized by all necessary corporate or other action on the part of the Company. This Agreement has been duly and validly executed
and delivered by the Company and constitutes a valid, legal and binding agreement of the Company (assuming that this Agreement is duly
authorized, executed and delivered by the other Parties), enforceable against such Person in accordance with its terms (subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other Laws affecting generally the enforcement of creditors’ rights and subject
to general principles of equity).

 

(c) No
consent, approval or authorization of, or designation, declaration or filing with, any Governmental Entity is required on the part of
the Company with respect to its execution, delivery or performance of its covenants, agreements or obligations under this Agreement or
the consummation of the transactions contemplated hereby, except for (i) compliance with and filings under the HSR Act, if applicable,
or under any applicable antitrust or competition Laws of any non-U.S. jurisdiction or any other merger control or investment Laws or Laws
that provide for review of national security or defense matters, (ii) the filing with the SEC of (A) the Registration Statement / Proxy
Statement and the declaration of the effectiveness thereof by the SEC and (B) such reports under Section 13(a) or 15(d) of the Exchange
Act as may be required in connection with this Agreement, the Ancillary Documents or the transactions contemplated hereby or thereby related,
or (iii) any other consents, approvals, authorizations, designations, declarations, waivers or filings, the absence of which would not
adversely affect the ability of the Company to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations
hereunder in any material respect.

 

(d) None
of the execution or delivery of this Agreement by the Company, the performance by the Company of any of its covenants, agreements or obligations
under this Agreement or the consummation of the transactions contemplated hereby will, directly or indirectly (with or without due notice
or lapse of time or both) (i) result in any breach of any provision of the Company’s Governing Documents, (ii) result in a violation
or breach of, or constitute a default or give rise to any right of termination, Consent, cancellation, amendment, modification, suspension,
revocation or acceleration under, any of the terms, conditions or provisions of any Contract to which the Company is a party, (iii) violate,
or constitute a breach under, any Order or applicable Law to which the Company or any of its properties or assets are bound or (iv) other
than the restrictions contemplated by this Agreement, the Business Combination Agreement or any other Ancillary Document, result in the
creation of any Lien upon the Pathfinder Shares (other than as expressly provided under this Agreement), except, in the case of any of
clauses (ii) and (iii) above, as would not to adversely affect the ability of the Company to perform, or otherwise
comply with, any of his, her or its covenants, agreements or obligations hereunder in any material respect.

 

(e) In
entering into this Agreement, the Company has relied solely on its own investigation and analysis and the representations and warranties
of the Pathfinder Persons expressly set forth in this Agreement and no other representations or warranties of the Pathfinder Persons or
any other person, either express or implied, and the Company, on its own behalf and on behalf of his, her or its Representatives, acknowledges,
represents, warrants and agrees that, except for the representations and warranties of the Pathfinder Persons expressly set forth in this
Agreement and the representations and warranties of the other persons expressly set forth in the Business Combination Agreement and the
other Ancillary Documents, none of the Pathfinder Persons or any other person makes or has made any representation or warranty, either
express or implied, in connection with or related to this Agreement, the Business Combination Agreement or the other Ancillary Documents
or the transactions contemplated hereby or thereby.

 

    12

     

    

 

9. Representations
and Warranties of Pathfinder. At and following the Effective Time, Pathfinder represents and warrants to each of the Pathfinder Persons
as follows:

 

(a) Pathfinder
is a corporation, limited liability company or other applicable business entity duly organized or formed, as applicable, validly existing
and in good standing (or the equivalent thereof, if applicable, in each case, with respect to the jurisdictions that recognize the concept
of good standing or any equivalent thereof) under the Laws of its jurisdiction of formation or organization (as applicable).

 

(b) Pathfinder
has the requisite corporate, limited liability company or other similar power and authority to perform its covenants, agreements and obligations
hereunder, and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement has been duly authorized
by all necessary corporate or other action on the part of Pathfinder. This Agreement has been duly and validly executed and delivered
by Pathfinder and constitutes a valid, legal and binding agreement of the Pathfinder (assuming that this Agreement is duly authorized,
executed and delivered by the other Parties), enforceable against such Person in accordance with its terms (subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other Laws affecting generally the enforcement of creditors’ rights and subject to general
principles of equity).

 

(c) No
consent, approval or authorization of, or designation, declaration or filing with, any Governmental Entity is required on the part of
Pathfinder with respect to its execution, delivery or performance of its covenants, agreements or obligations under this Agreement or
the consummation of the transactions contemplated hereby, except for (i) compliance with and filings under the HSR Act, if applicable,
or under any applicable antitrust or competition Laws of any non-U.S. jurisdiction or any other merger control or investment Laws or Laws
that provide for review of national security or defense matters, (ii) the filing with the SEC of (A) the Registration Statement / Proxy
Statement and the declaration of the effectiveness thereof by the SEC and (B) such reports under Section 13(a) or 15(d) of the Exchange
Act as may be required in connection with this Agreement, the Ancillary Documents or the transactions contemplated hereby or thereby related,
(iii) any filings required under the Cayman Act in connection with the Domestication, (iv) the filing of the Certificate of Merger, (v)
the Pathfinder Sponsor Consent, (vi) the approvals and consents to be obtained by Pathfinder Merger Sub pursuant to the Business Combination
Agreement, (viii) the Pathfinder Shareholder Approval or (ix) any other consents, approvals, authorizations, designations, declarations,
waivers or filings, the absence of which would not adversely affect the ability of the Company to perform, or otherwise comply with, any
of his, her or its covenants, agreements or obligations hereunder in any material respect.

 

(d) None
of the execution or delivery of this Agreement by Pathfinder, the performance by Pathfinder of any of its covenants, agreements or obligations
under this Agreement or the consummation of the transactions contemplated hereby will, directly or indirectly (with or without due notice
or lapse of time or both) (i) result in any breach of any provision of Pathfinder’s Governing Documents, (ii) result in a violation
or breach of, or constitute a default or give rise to any right of termination, Consent, cancellation, amendment, modification, suspension,
revocation or acceleration under, any of the terms, conditions or provisions of any Contract to which Pathfinder is a party, (iii) violate,
or constitute a breach under, any Order or applicable Law to which Pathfinder or any of its properties or assets are bound or (iv) other
than the restrictions contemplated by this Agreement, the Business Combination Agreement or any other Ancillary Document, result in the
creation of any Lien upon the Pathfinder Shares (other than as expressly provided under this Agreement), except, in the case of any of
clauses (ii) and (iii) above, as would not to adversely affect the ability of Pathfinder to perform, or otherwise comply
with, any of his, her or its covenants, agreements or obligations hereunder in any material respect.

 

    13

     

    

 

(e) All
outstanding shares of capital stock of Pathfinder are, and all Pathfinder Post-Closing Common Shares (including, for the avoidance of
doubt, any Earn-Out Shares) that may be issued as permitted by this Agreement, the Ancillary Documents or the Business Combination Agreement
or otherwise shall be, when issued, duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights
or any Liens, other than Permitted Liens.

 

(f) In
entering into this Agreement, Pathfinder has relied solely on its own investigation and analysis and the representations and warranties
of the Pathfinder Persons expressly set forth in this Agreement and no other representations or warranties of the Pathfinder Persons or
any other person, either express or implied, and Pathfinder, on its own behalf and on behalf of his, her or its Representatives, acknowledges,
represents, warrants and agrees that, except for the representations and warranties of the Pathfinder Persons expressly set forth in this
Agreement and the representations and warranties of the other persons expressly set forth in the Business Combination Agreement and the
other Ancillary Documents, none of the Pathfinder Persons or any other person makes or has made any representation or warranty, either
express or implied, in connection with or related to this Agreement, the Business Combination Agreement or the other Ancillary Documents
or the transactions contemplated hereby or thereby.

 

10. Transfer
of Subject Pathfinder Securities. Except as expressly contemplated by the Business Combination Agreement or with the prior written
consent of the Company, from and after the date hereof and until the earlier of (a) the termination of this Agreement in accordance with
its terms and (b) the Effective Time, each Pathfinder Person agrees that he, she or it shall not (i) Transfer any of his, her or its Subject
Pathfinder Securities, (ii) enter into (A) any option, warrant, purchase right, or other Contract that would reasonably be expected (either
alone or in connection with one or more events, developments or events (including the satisfaction or waiver of any conditions precedent))
to require such Pathfinder Person to Transfer his, her or its Subject Pathfinder Securities or (B) any voting trust, proxy or other Contract
with respect to the voting or Transfer of his, her or its Subject Pathfinder Securities, or (iii) enter into any Contract to take, or
cause to be taken, any of the actions set forth in clauses (i) or (ii); provided, however, that the foregoing
shall not apply to any Transfer (1) to any Permitted Transferee, (2) pursuant to a bona fide gift or charitable contribution; (3)
in the case of an individual, by virtue of wills and laws of descent and distribution upon death of the individual or (4) pursuant to
a court order or settlement agreement related to the distribution of assets in connection with the dissolution of marriage or civil union
or other qualified domestic relations order; provided, that the transferring Pathfinder Person shall, and shall direct any transferee
of his, her or its Subject Pathfinder Securities of the type set forth in clauses (1) through (4), to enter into a
written agreement in form and substance reasonably satisfactory to the Company, agreeing to be bound by this Agreement (which will include,
for the avoidance of doubt, an agreement to be bound by all of the covenants, agreements and obligations of the transferring Pathfinder
Person hereunder and the making of all applicable representations and warranties of the transferring Pathfinder Person set forth in Section
7 with respect to such transferee and his, her or its Subject Pathfinder Securities received upon such Transfer, as applicable) prior
and as a condition to the occurrence of such Transfer.

 

11. Termination;
Non-Survival.

 

(a) (i)
This Agreement shall automatically terminate, and be void ab initio, without any notice or other action by any Party upon the termination
of the Business Combination Agreement in accordance with its terms and (ii) the representations, warranties, agreements and covenants
in this Agreement shall automatically terminate, without any notice or other action by any Party, upon the occurrence of the Effective
Time, except (A) for the covenants and agreements in this Agreement that, by their terms, contemplate performance after the Effective
Time, which shall so survive the Effective Time in accordance with their respective terms or (B) otherwise expressly provided in the last
sentence of this Section 11. Upon termination of this Agreement or the representations, warranties, agreements and covenants in
this Agreement, as applicable, as provided in the immediately preceding sentence, none of the Parties shall have any further obligations
or liabilities under, or with respect to, this Agreement or such representations, warranties, agreements or covenants in this Agreement.

 

    14

     

    

 

(b) Notwithstanding
the foregoing or anything to the contrary in this Agreement, (i) the termination of this Agreement pursuant to clause (i) of Section
11(a) shall not affect any liability on the part of any Party for Fraud or for a Willful Breach of any covenant or agreement set forth
in this Agreement prior to such termination, (ii) this Section 11 and the representations and warranties set forth in Sections
7(g) and 8(e) and 9 shall each survive termination of this Agreement or the occurrence of the Effective Time, as applicable
and shall remain valid and binding obligations of the Parties, (iii) Sections 12 through 21 shall survive any termination of this
Agreement or the occurrence of the Effective Time, as applicable, and shall remain valid and binding obligations of the Parties and (iv)
for the avoidance of doubt, Section 1 shall survive any termination of this Agreement or the occurrence of the Effective Time to the extent
related to any provisions that survive the termination of this Agreement or the occurrence of the Effective Time, as applicable.

 

12. Fiduciary
Duties. Notwithstanding anything in this Agreement to the contrary (but also without limiting the obligations of Pathfinder under
the Business Combination Agreement), (a) no Pathfinder Person makes any agreement or understanding herein in any capacity other than
in such Pathfinder Person’s capacity as a record holder and beneficial owner of the Subject Pathfinder Securities (i.e.,
if such Pathfinder Person is an individual, not in such Pathfinder Person’s capacity as a director, officer or employee of Pathfinder),
and (b) nothing herein will be construed to limit or affect any action or inaction by such Pathfinder Person if such Pathfinder Person
is an individual, or, if such Pathfinder Person is not an individual, any representative of such Pathfinder Person serving as a member
of the board of directors of Pathfinder or as an officer, employee or fiduciary of Pathfinder, in each case, acting in such person’s
capacity as a director, officer, employee or fiduciary of Pathfinder.

 

13. Notices.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed
to have been duly given) by delivery in person, by email (having obtained electronic delivery confirmation thereof (i.e., an electronic
record of the sender that the email was sent to the intended recipient thereof without an “error” or similar message that
such email was not received by such intended recipient)), or by registered or certified mail (postage prepaid, return receipt requested)
(upon receipt thereof) to the other Parties as follows:

 

If to Pathfinder (prior to the Effective
Time) or the Sponsor, to:

 

c/o Pathfinder Acquisition LLC

1950 University Avenue, Suite 350

Palo Alto, CA 94303

		Attention:	Lance Taylor

		Email:	ltaylor@hggc.com

 

 with a copy (which shall not constitute notice)
to:

 

Kirkland & Ellis LLP

555 California Street, 27th Floor

San Francisco, CA 94104

		Attention:	Travis Lee Nelson P.C.;

			Douglas E. Bacon, P.C.; and

			Ryan Brissette

		Email:	tnelson@kirkland.com;

		douglas.bacon@kirkland.com;	and

		 	ryan.brissette@kirkland.com

 

 If to the Company (or Pathfinder, following
the Effective Time), to:

 

c/o ServiceMax, Inc.

4450 Rosewood Drive

Pleasanton, CA 94588

		Attention:	Nell O’Donnell

		Email:	nell.odonnell@servicemax.com

 

    15

     

    

 

with a copy (which shall not constitute notice) to:

 

Ropes & Gray LLP

Three Embarcadero Center

San Francisco, CA 9411

		Attention:	Matthew Jacobson

		Email:	matthew.jacobson@ropesgray.com

 

if to a Pathfinder Person other
than the Sponsor, to the address on the Pathfinder Person’s signature page hereto; or to such other address as the Party to
whom notice is given may have previously furnished to the others in writing in the manner set forth above.

 

14. Entire
Agreement. This Agreement, the Business Combination Agreement and documents referred to herein and therein (including the Ancillary
Documents) constitute the entire agreement of the Parties with respect to the subject matter of this Agreement, and supersede all prior
agreements and undertakings, both written and oral, among the Parties with respect to the subject matter of this Agreement (including
the Original Sponsor Letter Agreement and the Amended and Restated Sponsor Letter Agreement), except as otherwise expressly provided in
this Agreement. In the event and to the extent that there shall be a conflict between the provisions of this Agreement and the provisions
of any Ancillary Document, this Agreement shall control with respect to the subject matter thereof.

 

15. Amendments
and Waivers; Assignment. Any provision of this Agreement, including in respect of any amendments of the Sponsor Letter hereby may
be amended or waived if, and only if, such amendment or waiver is in writing and signed by the Pathfinder Persons, the Company and Pathfinder.
Notwithstanding the foregoing, no failure or delay by any Party in exercising any right hereunder shall operate as a waiver thereof nor
shall any single or partial exercise thereof preclude any other or further exercise of any other right hereunder. Subject to Section
4(d) and Section 10, none of this Agreement or any of the rights, interests or obligations hereunder shall be assignable by
(a) a Pathfinder Person without the prior written consent of the Company, prior to the Effective Time and, following the Effective Time,
Pathfinder, (b) the Company without the prior written consent of the Sponsor and, prior to the Effective Time, Pathfinder or (c) Pathfinder
without the prior written consent of the Sponsor and, prior to the Effective Time, the Company. Any attempted assignment of this Agreement
not in accordance with the terms of this Section 15 shall be null and void ab initio.

 

16. Fees
and Expenses. Except, in the case of Pathfinder and the Company, as otherwise expressly set forth in the Business Combination Agreement,
all fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby, including the fees and disbursements
of counsel, financial advisors and accountants, shall be paid by the Party incurring such fees or expenses; provided, that, any
such fees and expenses incurred by the Pathfinder Persons on or prior to the Closing shall, in the sole discretion of the Sponsor, be
deemed to be fees and expenses of Pathfinder.

 

17. No
Third Party Beneficiaries. Except as set forth in Section 4(d), Section 10 and Section 11, this Agreement shall
be for the sole benefit of the Parties and their respective successors and permitted assigns and is not intended, nor shall be construed,
to give any person, other than the Parties and their respective successors and permitted assigns, any legal or equitable right, benefit
or remedy of any nature whatsoever by reason this Agreement. Nothing in this Agreement, expressed or implied, is intended to, or shall
be deemed to, create a joint venture.

 

18. Miscellaneous.
Sections 7.5 (Governing Law), 7.7 (Construction; Interpretation), 7.10 (Severability), 7.11 (Counterparts; Electronic Signatures), 7.15
(Waiver of Jury Trial), 7.16 (Submission to Jurisdiction) and 7.17 (Remedies) of the Business Combination Agreement are incorporated herein
by reference and shall apply to this Agreement, mutatis mutandis.

 

    16

     

    

 

19. No
Ownership Interest. Nothing contained in this Agreement will be deemed to vest in the Company, Pathfinder or any of their respective
Affiliates any direct or indirect ownership or incidents of ownership of or with respect to the Subject Pathfinder Securities. All rights,
ownership and economic benefits of and relating to the Subject Pathfinder Securities shall remain vested in and belong to each applicable
Pathfinder Person, and the Company and Pathfinder (and each of their respective Affiliates) shall have no authority to manage, direct,
superintend, restrict, regulate, govern or administer any of the policies or operations of Company or Pathfinder or exercise any power
or authority to direct any Pathfinder Person in the voting of any of the Subject Pathfinder Securities owned by him, her or it (if any),
except as otherwise expressly provided herein with respect to the Subject Pathfinder Securities owned by him, her or it (if any). Except
as otherwise set forth in Section 2(b), no Pathfinder Person shall not be restricted from voting in favor of, against or abstaining
with respect to any other matters presented to the shareholders of Pathfinder.

 

20. Spouses
and Community Property Matters. Each Pathfinder Insider’s spouse (if applicable) hereby represents, warrants and covenants to
Pathfinder and the Company that such spouse shall not assert or enforce, and does hereby waive, any rights granted under any community
property statue with respect to the Subject Pathfinder Securities held by such Pathfinder Insider that would reasonably be expected to
adversely affect the ability of him or her to perform, or otherwise comply with, any of his or her covenants, agreements or obligations
under this Agreement in any material respect.

 

21. No
Recourse. Except for claims pursuant to the Business Combination Agreement or any Ancillary Document by any party(ies) thereto against
any other party(ies) on the terms and subject to the conditions therein, each Party agrees that (a) this Agreement may only be enforced
against, and any action for breach of this Agreement may only be made against, the Parties, and no claims of any nature whatsoever arising
under or relating to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby shall be asserted
against any person that is not a Party, and (b) without limiting the generality of the foregoing, no person that is not a Party shall
have any Liability arising out of or relating to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated
hereby, including with respect to any claim (whether in tort, contract or otherwise) for breach of this Agreement or in respect of any
written or oral representations made or alleged to be made in connection herewith, except as expressly provided herein. Notwithstanding
anything to the contrary in this Agreement, (i) in no event shall any Pathfinder Person have any obligations or Liabilities related to
or arising out of the covenants, agreements, obligations, representations or warranties of any other Pathfinder Person under this Agreement
(including related to or arising out of the breach of any such covenant, agreement, obligation, representation or warranty by any other
Pathfinder Person), and (ii) in no event shall any Pre-Closing Pathfinder Party have any obligations or Liabilities related to or arising
out of the covenants, agreements, obligations, representations or warranties of any Pathfinder Person or an under this Agreement (including
related to or arising out of any breach of any such covenant, agreement, obligation, representation or warranty by any such Pathfinder
Person).

 

[Signature pages follow.]

 

    17

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	SERVICEMAX, INC.
	 	 	 
	 	By: 	/s/ Ellen O’Donnell
	 	Name:  	Ellen O’Donnell
	 	Title:	Chief Legal Officer

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	PATHFINDER ACQUISITION CORPORATION 
	 	 	 
	 	By: 	/s/ David Chung
	 	Name: 	David Chung
	 	Title:	Chief Executive Officer

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	PATHFINDER ACQUISITION LLC
	 	 	 
	 	By: 	/s/ David Chung
	 	Name: 	David Chung
	 	Title:	Chief Executive Officer

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:  	/s/ Richard Lawson
	 	 	 
	 	Spouse (if any): 
	 	 	 
	 	By:	/s/ Holly Lawson
	 	Name: 	Holly Lawson

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:  	/s/ David Chung
	 	Name: 	David Chung
	 	 	 
	 	Spouse (if any): 
	 	 	 
	 	By:	/s/ Kate Chung
	 	Name: 	Kate Chung

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:  	/s/ Lindsay Sharma
	 	Name: 	Lindsay Sharma
	 	 	 
	 	Spouse (if any): 
	 	 	 
	 	By:	/s/ Anurag Sharma
	 	Name: 	Anurag Sharma

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:  	/s/ Jon Steven Young
	 	Name: 	Jon Steven Young
	 	 	 
	 	Spouse (if any): 
	 	 	 
	 	By:	/s/ Barbara Young
	 	Name: 	Barbara Young

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:  	/s/ Hans Swildens
	 	Name: 	Hans Swildens
	 	 	 
	 	Spouse (if any): 
	 	 	 
	 	By:	/s/ Christy Swildens
	 	Name: 	Christy Swildens

 

[Signature Page to Sponsor
Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:  	/s/ Steve Walske
	 	Name: 	Steve Walske
	 	 	 
	 	Spouse (if any): 
	 	 	 
	 	By:	 
	 	Name: 	 

 

[Signature Page to Sponsor
Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:  	/s/ Lance Taylor
	 	Name: 	Lance Taylor
	 	 	 
	 	Spouse (if any): 
	 	 	 
	 	By:	/s/ Robyn Taylor
	 	Name: 	Robyn Taylor

 

[Signature Page to Sponsor
Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:  	/s/ Omar Johnson
	 	Name: 	Omar Johnson
	 	 	 
	 	Spouse (if any): 
	 	 	 
	 	By:	 
	 	Name: 	 

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:  	/s/ Paul Weiskopf
	 	Name: 	Paul Weiskopf
	 	 	 
	 	Spouse (if any): 
	 	 	 
	 	By:	/s/ Nicola Weiskopf
	 	Name: 	Nicola Weiskopf

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

EXHIBIT A 

 

PATHFINDER SHARES

 

	Pathfinder Person	 	Number of Pathfinder Class B

 Shares Held	 	 	Number of Pathfinder Class

 A Shares Held	 
	Pathfinder Acquisition LLC	 	 	8,050,000	 	 	 	                     0	 
	Steve Walske	 	 	25,000	 	 	 	0	 
	Omar Johnson	 	 	25,000	 	 	 	0	 
	Paul Weiskopf	 	 	25,000	 	 	 	0	 

 

	PATHFINDER WARRANTS
	 
	Pathfinder Person	 	Number of Pathfinder Warrants Held	 
	Pathfinder Acquisition LLC	 	 	4,250,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00336-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00336-of-00352.parquet"}]]