Document:

Exhibit
10.1

 

________,2021

 

Quantum FinTech Acquisition
Corporation

4221 W. Boy Scout Blvd.

Suite 300

Tampa, FL 33607

 

Chardan Capital Markets, LLC

17 State Street, 21st Floor

New York, NY 10004

 

Re: Initial
Public Offering

 

Gentlemen:

 

This letter is being
delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered
into by and between Quantum FinTech Acquisition Corporation, a Delaware corporation (the “Company”) and
Chardan Capital Markets, LLC, as representative (the “Representative”) of the Underwriters named in Schedule
A thereto (the “Underwriters”), relating to an underwritten initial public offering (the “IPO”)
of the Company’s units (the “Units”), each comprised of one share of Common Stock of the Company,
par value $0.0001 per share (the “Common Stock”) and one warrant, with each warrant being exercisable
to purchase one-half of one share of Common Stock at a price of $11.50 per full share (“Warrant”). Certain
capitalized terms used herein are defined in paragraph 15 hereof.

 

In order to induce the
Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit
that such IPO will confer upon the undersigned as a stockholder of the Company, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

1.
If the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all shares of
Common Stock beneficially owned by it, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

2.
To the extent that the Underwriters do not exercise their over-allotment option to purchase up to an additional 2,250,000
Units (as described in the Registration Statement), (x) Quantum Ventures LLC agrees that it shall forfeit, at no cost, a number
of Founder Shares in the aggregate equal to 450,000 multiplied by a fraction, (i) the numerator of which is 2,250,000 minus the
number of Units purchased by the Underwriters upon the exercise of their over-allotment option and (ii) the denominator of which
is 2,250,000 and (y) Chardan Quantum LLC agrees that it shall forfeit, at no cost, a number of Founder Shares in the aggregate
equal to 112,500 multiplied by a fraction, (i) the numerator of which is 2,250,000 minus the number of Units purchased by the Underwriters
upon the exercise of their over-allotment option and (ii) the denominator of which is 2,250,000. All references in this letter
to Founder Shares of the Company being forfeited shall take effect as a contribution of such Founder Shares to the Company’s
capital as a matter of Delaware law. The forfeiture will be adjusted to the extent that the over-allotment option is not exercised
in full by the Underwriters so that the number of Founder Shares will equal an aggregate of 20.0% of the Company’s issued
and outstanding IPO Shares and Founder Shares after the IPO. The undersigned further agrees that to the extent that the size of
the IPO is increased or decreased, the Company will effect a capitalization or stock repurchase or redemption, as applicable, immediately
prior to the consummation of the IPO in such amount as to maintain the number of Founder Shares at 20.0% of the Company’s
issued and outstanding IPO Shares and Founder Shares upon the consummation of the IPO. In connection with such increase or decrease
in the size of the IPO, then (A) the references to 2,250,000 in the numerator and denominator of the formula in the first
sentence of this paragraph shall be changed to a number equal to 15.0% of the number of shares of Class A Common Stock included
in the Units issued in the IPO, (B) the reference to 450,000 and 112,500 in the formula set forth in the first sentence of this
paragraph shall be adjusted to, respectively, the total number of Founder Shares that Quantum Ventures LLC would have to return
to the Company in order for the number of Founder Shares that Quantum Ventures LLC owns (together with the Insiders) to equal an
aggregate of 15.0% of the Company’s issued and outstanding IPO Shares and Founder Shares after the IPO and the total number
of Founder Shares that Chardan Quantum LLC would have to return to the Company in order for the number of Founder Shares that Chardan
Quantum LLC owns to equal an aggregate of 3.7% of the Company’s issued and outstanding IPO Shares and Founder Shares after
the IPO.

 

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3.
The undersigned agrees that the Founder Shares and Private Warrants held by it, and any shares of Common Stock issued upon
conversion or exercise thereof, shall not be sold during the IPO, or sold, transferred, assigned, pledged, or hypothecated, or
be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition
of such securities by any person for a period of 180 days immediately following the date of effectiveness of the Registration Statement
or commencement of sales of the IPO, except to any underwriter and selected dealer participating in the IPO and their bona fide
officers or partners; provided that all securities so transferred remain subject to the foregoing lockup restriction for the remainder
of the time period.

 

4. (a)
In the event that the Company fails to consummate a Business Combination within 18 months (or in the event the Company extended
the time to complete a Business Combination up to 24 months) from the closing of the Company’s IPO, the undersigned shall
take all reasonable steps to (i) cause the Trust Fund to be liquidated and distributed to the holders of IPO Shares and (ii) cause
the Company to liquidate as promptly as reasonably possible but not more than five business days after the date the Company is
required to consummate a Business Combination.

 

(b) The undersigned
hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Fund and any remaining
net assets of the Company as a result of such liquidation with respect to any shares it owns, including its Insider Shares, IPO
Shares and Private Warrants purchased during or after the offering, if any, (“Claim”) and hereby waives
any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company
and will not seek recourse against the Trust Fund for any reason whatsoever. The undersigned acknowledges and agrees that there
will be no distribution from the Trust Fund with respect to any Common Stock underlying the Private Warrants, all rights of which
will terminate on the Company’s liquidation.

 

(c) [In the event
of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss,
liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably
incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever)
which the Company may become subject as a result of any claim by any vendor or other person who is owed money by the Company for
services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim,
damage or expense does not reduce the amount of funds in the Trust Fund; provided, that such indemnity shall not apply
if such vendor or other person has executed an agreement waiving any claims against the Trust Fund.

 

  (d)
In the event that the Company does not consummate a Business Combination and must liquidate and its remaining net assets are insufficient
to complete such liquidation, the undersigned agrees to advance such funds necessary to complete such liquidation and agrees not
to seek repayment for such expenses.]1

 

5. The undersigned will
place into escrow all of its Insider Shares pursuant to the terms of a Stock Escrow Agreement which the Company will enter into
with the undersigned and an escrow agent acceptable to the Company. The undersigned agrees that during the escrow period, the undersigned
shall not sell or transfer its Insider Shares except (1) to any persons (including their affiliates and stockholders) participating
in the private placement of the Private Warrants, officers, directors, stockholders, employees and members of Quantum Ventures
LLC and Chardan Quantum and their affiliates, (2) amongst initial stockholders or to the Company’s officers, directors and
employees, (3) if a holder is an entity, as a distribution to its, partners, stockholders or members upon its liquidation, (4)
by bona fide gift to a member of the holder’s immediate family or to a trust, the beneficiary of which is a holder or a member
of a holder’s immediate family, for estate planning purposes, (5) by virtue of the laws of descent and distribution upon
death, (6) pursuant to a qualified domestic relations order, (7) by certain pledges to secure obligations incurred in connection
with purchases of the Company’s securities, (8) by private sales at prices no greater than the price at which the shares
were originally purchased or (9) for the cancellation of up to 562,500 shares of Common Stock subject to forfeiture to the extent
that the Underwriters’ over-allotment option is not exercised in full or in part or in connection with the consummation of
the Company’s initial Business Combination, in each case (except for clause 9 or with the prior consent of the Representative)
where the transferee agrees to the terms of the escrow agreement and this insider letter.

 

	 	 
	1 Only for Quantum Ventures LLC.	 

 

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6. The undersigned agrees
that until the Company consummates a Business Combination, the undersigned’s Private Warrants will be subject to the transfer
restrictions described in the Private Placement Warrants Purchase Agreement relating to the undersigned’s Private Warrants.

 

7. In order to minimize
potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to present to the Company for
its consideration, prior to presentation to any other person or entity, any suitable opportunity to acquire a target business,
until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any
pre-existing fiduciary and contractual obligations the undersigned might have.

 

8. The undersigned acknowledges
and agrees that prior to entering into a Business Combination with a target business that is affiliated with any Insiders of the
Company or their affiliates, including any company that is a portfolio company of, or otherwise affiliated with, or has received
financial investment from, an entity with which any Insider or their affiliates is affiliated, such transaction must be approved
by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent
investment banking firm that such Business Combination is fair to the Company’s unaffiliated stockholders from a financial
point of view.

 

9. Neither the undersigned,
any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive or accept a finder’s
fee or any other compensation in the event the undersigned, any member of the family of the undersigned or any affiliate of the
undersigned originates a Business Combination.

 

10. The undersigned’s
FINRA Questionnaire previously furnished to the Company and the Representative is true and accurate in all material respects. The
undersigned represents and warrants that:

 

 (a) it
has never had a petition under the federal bankruptcy laws or any state insolvency law been filed by or against (i) it or any partnership
in which it was a general partner at or within two years before the time of filing; or (ii) any corporation or business association
of which it was an executive officer at or within two years before the time of such filing;

 

 

(b) it
has never had a receiver, fiscal agent or similar officer been appointed by a court for its business or property, or any such partnership;

 

 (c) it
has never been convicted of fraud in a civil or criminal proceeding;

 

 (d) it
has never been convicted in a criminal proceeding or named the subject of a pending criminal proceeding (excluding traffic violations
and minor offenses);

 

 (e) it
has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent
jurisdiction, permanently or temporarily enjoining or otherwise limiting it from (i) acting as a futures commission merchant, introducing
broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated
by the Commodity Futures Trading Commission (“CFTC”) or an associated person of any of the foregoing,
or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any
investment company, bank, savings and loan association or insurance company, or from engaging in or continuing any conduct or practice
in connection with any such activity; or (ii) engaging in any type of business practice; or (iii) engaging in any activity
in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities
or federal commodities laws;

 

 (f) it
has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or
state authority barring, suspending or otherwise limiting for more than 60 days its right to engage in any activity described in
9(e)(i) above, or to be associated with persons engaged in any such activity;

 

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 (g) it
has never been found by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal or state
securities law, where the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended or
vacated;

 

 (h) it
has never been found by a court of competent jurisdiction in a civil action or by the CFTC to have violated any federal commodities
law, where the judgment in such civil action or finding by the CFTC has not been subsequently reversed, suspended or vacated;

 

 (i) it
has never been the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree or finding,
not subsequently reversed, suspended or vacated, relating to an alleged violation of (i) any Federal or State securities or commodities
law or regulation, (ii) any law or regulation respecting financial institutions or insurance companies including, but not limited
to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and
desist order, or removal or prohibition order or (iii) any law or regulation prohibiting mail or wire fraud or fraud in connection
with any business entity;

 

 (j) it
has never been the subject of, or party to, any sanction or order, not subsequently reversed, suspended or vacated, or any self-regulatory
organization, any registered entity, or any equivalent exchange, association, entity or organization that has disciplinary authority
over its members or persons associated with a member;

 

 (k) it
has never been convicted of any felony or misdemeanor: (i) in connection with the purchase or sale of any security; (ii) involving
the making of any false filing with the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker, dealer,
municipal securities dealer, investment advisor or paid solicitor of purchasers of securities;

 

 (l) it
was never subject to a final order of a state securities commission (or an agency of officer of a state performing like functions);
a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an
agency or officer of a state performing like functions); an appropriate federal banking agency; the CFTC; or the National Credit
Union Administration that is based on a violation of any law or regulation that prohibits fraudulent, manipulative, or deceptive
conduct;

 

 (m) it
has never been subject to any order, judgment or decree of any court of competent jurisdiction, that, at the time of such sale,
restrained or enjoined it from engaging or continuing to engage in any conduct or practice: (i) in connection with the purchase
or sale of any security; (ii) involving the making of any false filing with the SEC; or (iii) arising out of the conduct of the
business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of
securities;

 

 (n) it
has never been subject to any order of the SEC that orders it to cease and desist from committing or causing a future violation
of: (i) any scienter-based anti-fraud provision of the federal securities laws, including, but not limited to, Section 17(a)(1)
of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and Section 206(1) of the Advisers Act or any
other rule or regulation thereunder; or (ii) Section 5 of the Securities Act;

 

 (o) it
has never been named as an underwriter in any registration statement or Regulation A offering statement filed with the SEC that
was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is, currently, the subject of
an investigation or proceeding to determine whether a stop order or suspension order should be issued;

 

 (p) it
has never been subject to a United States Postal Service false representation order, or is currently subject to a temporary restraining
order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device
for obtaining money or property through the mail by means of false representations;

 

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 (q) it
is not subject to a final order of a state securities commission (or an agency of officer of a state performing like functions);
a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an
agency or officer of a state performing like functions); an appropriate federal banking agency; the CFTC; or the National Credit
Union Administration that bars the undersigned from: (i) association with an entity regulated by such commission, authority, agency
or officer; (ii) engaging in the business of securities, insurance or banking; or (iii) engaging in savings association or credit
union activities;

 

 (r) it
is not subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Securities Exchange Act of 1934 (the “Exchange
Act”) or section 203(e) or 203(f) of the Investment Advisers Act of 1940 (the “Advisers Act”) that: (i) suspends
or revokes the undersigned’s registration as a broker, dealer, municipal securities dealer or investment adviser; (ii) places
limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or (iii) bars the
undersigned from being associated with any entity or from participating in the offering of any penny stock; and

 

 (s) it
has never been suspended or expelled from membership in, or suspended or barred from association with a member of, a securities
self-regulatory organization (e.g., a registered national securities exchange or a registered national or affiliated securities
association) for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade.

 

11. The undersigned has
full right and power, without violating any agreement by which he, she or it is bound, to enter into this letter agreement and
to serve as a director or officer of the Company, as applicable.

 

12. The undersigned hereby
waives its right to exercise conversion rights with respect to any shares of Common Stock owned or to be owned by the undersigned,
directly or indirectly, whether purchased by the undersigned prior to the IPO, in the IPO or in the aftermarket, and agrees that
he, she or it will not seek conversion with respect to or otherwise sell, such shares in connection with any vote to approve a
Business Combination with respect thereto, a vote to amend the provisions of the Company’s Amended and Restated Certificate
of Incorporation, or a tender offer by the Company prior to a Business Combination.

 

13. The undersigned hereby
agrees to not propose, or vote in favor of, an amendment to the Company’s Amended and Restated Certificate of Incorporation
with respect to stockholder’s rights or the Company’s pre-Business Combination activities (including the substance
or timing within which the Company has to complete a business combination) of a Business Combination unless the Company offers
holders of IPO Shares the right to receive their pro rata portion of the funds then held in the Trust Fund upon approval of any
amendment.

 

14. In connection with
Section 5-1401 of the General Obligations Law of the State of New York, this letter agreement shall be governed by, and construed
in accordance with, the laws of the State of New York without regard to principles of conflicts of law that would result in the
application of the substantive law of another jurisdiction. The parties hereto agree that any action, proceeding or claim arising
out of or relating in any way to this letter agreement shall be resolved through final and binding arbitration in accordance with
the International Arbitration Rules of the American Arbitration Association (“AAA”). The arbitration
shall be brought before the AAA International Center for Dispute Resolution’s offices in New York City, New York, will be
conducted in English and will be decided by a panel of three arbitrators selected from the AAA Commercial Disputes Panel and that
the arbitrator panel’s decision shall be final and enforceable by any court having jurisdiction over the party from whom
enforcement is sought. The cost of such arbitrators and arbitration services, together with the prevailing party’s legal
fees and expenses, shall be borne by the non-prevailing party or as otherwise directed by the arbitrators.

 

15. As used herein, (i)
a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders”
shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; (iii) “Insider
Shares” shall mean all of the shares of Common Stock of the Company acquired by an Insider prior to the IPO and the
purchase of the Private Warrants; (iv) “Founder Shares” shall mean all of the shares of Common Stock
acquired by Quantum Ventures LLC and Chardan Quantum LLC prior to the consummation of the IPO; (v) “IPO Shares”
shall mean the shares of Common Stock issued in the Company’s IPO; (vi) “Private Warrants” shall
mean the warrants purchased in the private placements taking place simultaneously with the consummation of the Company’s
IPO; (vii) “Registration Statement” means the registration statement on Form S-1 filed by the Company
with respect to the IPO; and (viii) “Trust Fund” shall mean the trust fund into which a portion of the
net proceeds of the Company’s IPO will be deposited.

 

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16. Any notice, consent
or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing and shall
be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or electronic
mail.

 

If to the Representative:

 

Chardan Capital Markets, LLC

17 State Street, 21st Floor

New York, NY 10004

Attn: Guy Barudin, Richard Korhammer

Email: gbarudin@chardan.com; rkorhammer@chardan.com

 

Copy (which copy shall not constitute
notice) to:

 

Greenberg Traurig, LLP

1750 Tysons Boulevard, Suite 1000

McLean, Virginia 22102

Attn: Jason Simon

Email: simonj@gtlaw.com

 

If to the Company:

 

Quantum FinTech Acquisition Corporation

4221 W. Boy Scout Blvd.

Suite 300

Attn: John Schaible, Chief Executive
Officer

Email: jschaible@qventllc.com

 

Copy (which copy shall not constitute
notice) to:

 

Latham & Watkins LLP

811 Main Street, Suite 3700

Houston, TX 77002

Attn: Ryan J. Maierson

Email: Ryan.Maierson@lw.com

 

17. No party hereto may
assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written consent
of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This letter agreement shall be binding on the parties hereto
and any successors and assigns thereof.

 

18. The undersigned acknowledges
and understands that the Underwriters and the Company will rely upon the agreements, representations and warranties set forth herein
in proceeding with the IPO. Nothing contained herein shall be deemed to render the Underwriters a representative of, or a fiduciary
with respect to, the Company, its stockholders or any creditor or vendor of the company with respect to the subject matter hereof.

 

[Signature page to follow]

 

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	 	Sincerely,
	 	 
	 	QUANTUM VENTURES LLC
	 	 
	 	By:	         
	 	Name:	 
	 	Title:	 
	 	 	 

 

	 	CHARDAN QUANTUM LLC
	 	 	 
	 	By:	         
	 	Name:	 
	 	Title:	 

 

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

 

[Signature Page to Insider Letter]Exhibit
10.2

 

________, 2021

 

Quantum FinTech Acquisition
Corporation

4221 W. Boy Scout Blvd.

Suite 300

Tampa, FL 33607

 

Chardan Capital Markets, LLC

17 State Street, 21st Floor

New York, NY 10004

 

Re: Initial
Public Offering

 

Gentlemen:

 

This letter is being
delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered
into by and between Quantum FinTech Acquisition Corporation, a Delaware corporation (the “Company”) and
Chardan Capital Markets, LLC, as representative (the “Representative”) of the Underwriters named in Schedule
A thereto (the “Underwriters”), relating to an underwritten initial public offering (the “IPO”)
of the Company’s units (the “Units”), each comprised of one share of Common Stock of the Company,
par value $0.0001 per share (the “Common Stock”) and one warrant, with each warrant being exercisable
to purchase one-half of one share of Common Stock at a price of $11.50 per full share (“Warrant”). Certain
capitalized terms used herein are defined in paragraph 12 hereof.

 

In order to induce the
Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit
that such IPO will confer upon the undersigned as a stockholder of the Company, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

1.
If the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all shares of
Common Stock beneficially owned by him, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

2.  (a)
In the event that the Company fails to consummate a Business Combination within 18 months (or if the Company has executed a letter
of intent, agreement in principle or definitive agreement for a Buisness Combination within 18 months of the closing of the IPO,
up to 24 months) from the closing of the Company’s IPO, the undersigned shall take all reasonable steps to (i) cause the
Trust Fund to be liquidated and distributed to the holders of IPO Shares and (ii) cause the Company to liquidate as promptly as
reasonably possible but not more than five business days after the date we are required to consummate a Business Combination.

 

(b) The undersigned
hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Fund and any remaining
net assets of the Company as a result of such liquidation with respect to any shares he owns, including his Insider Shares, IPO
Shares and Private Warrants purchased during or after the offering, if any, (“Claim”) and hereby waives
any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company
and will not seek recourse against the Trust Fund for any reason whatsoever.  

 

3. The undersigned will
place into escrow all of his Insider Shares pursuant to the terms of a Stock Escrow Agreement which the Company will enter into
with the undersigned and an escrow agent acceptable to the Company. The undersigned agrees that during the escrow period (as described
in the Registration Statement), the undersigned shall not sell or transfer its Insider Shares except (1) to any persons (including
their affiliates and stockholders) participating in the private placement of the Private Warrants, officers, directors, stockholders,
employees and members of the co-sponsors and their affiliates, (2) amongst initial stockholders or to the Company’s officers,
directors and employees, (3) if a holder is an entity, as a distribution to its, partners, stockholders or members upon its liquidation,
(4) by bona fide gift to a member of the holder’s immediate family or to a trust, the beneficiary of which is a holder or
a member of a holder’s immediate family, for estate planning purposes, (5) by virtue of the laws of descent and distribution
upon death, (6) pursuant to a qualified domestic relations order, (7) by certain pledges to secure obligations incurred in connection
with purchases of the Company’s securities, or (8) by private sales at prices no greater than the price at which the shares
were originally purchased, in each case (except with the prior consent of the Representative) where the transferee agrees to the
terms of the escrow agreement and this insider letter

 

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4. In order to minimize
potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to present to the Company for
its consideration, prior to presentation to any other person or entity, any suitable opportunity to acquire a target business,
until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any
pre-existing fiduciary and contractual obligations the undersigned might have.

 

5. The undersigned acknowledges
and agrees that prior to entering into a Business Combination with a target business that is affiliated with any Insiders of the
Company or their affiliates, including any company that is a portfolio company of, or otherwise affiliated with, or has received
financial investment from, an entity with which any Insider or their affiliates is affiliated, such transaction must be approved
by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent
investment banking firm that such Business Combination is fair to the Company’s unaffiliated stockholders from a financial
point of view.

 

6. Neither the undersigned,
any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive or accept a finder’s
fee or any other compensation in the event the undersigned, any member of the family of the undersigned or any affiliate of the
undersigned originates a Business Combination.

 

7. The undersigned agrees
to be a director or officer of the Company, as applicable, until the earlier of the consummation by the Company of a Business Combination
or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company and the
Representative is true and accurate in all material respects, does not omit any material information with respect to the undersigned’s
biography and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under
the Securities Act of 1933, as amended. The undersigned’s FINRA Questionnaire and Director and Officer Questionnaire
previously furnished to the Company and the Representative is true and accurate in all material respects. The undersigned represents
and warrants that, except as disclosed in the undersigned’s Director and Officer Questionnaire:

 

 (a) he
has never had a petition under the federal bankruptcy laws or any state insolvency law been filed by or against (i) him or any
partnership in which he was a general partner at or within two years before the time of filing; or (ii) any corporation or business
association of which he was an executive officer at or within two years before the time of such filing;  

  

(b) he
has never had a receiver, fiscal agent or similar officer been appointed by a court for his business or property, or any such partnership;

 

 (c) he
has never been convicted of fraud in a civil or criminal proceeding;

 

 (d) he
has never been convicted in a criminal proceeding or named the subject of a pending criminal proceeding (excluding traffic violations
and minor offenses);

 

 (e) he
has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent
jurisdiction, permanently or temporarily enjoining or otherwise limiting him from (i) acting as a futures commission merchant,
introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other
person regulated by the Commodity Futures Trading Commission (“CFTC”) or an associated person of any
of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director
or employee of any investment company, bank, savings and loan association or insurance company, or from engaging in or continuing
any conduct or practice in connection with any such activity; or (ii) engaging in any type of business practice; or (iii) engaging
in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal
or state securities or federal commodities laws;

 

    2

     

    

 

 (f) he
has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or
state authority barring, suspending or otherwise limiting for more than 60 days his right to engage in any activity described in
9(e)(i) above, or to be associated with persons engaged in any such activity;

 

 (g) he
has never been found by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal or state
securities law, where the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended or
vacated;

 

 (h) he
has never been found by a court of competent jurisdiction in a civil action or by the CFTC to have violated any federal commodities
law, where the judgment in such civil action or finding by the CFTC has not been subsequently reversed, suspended or vacated;

 

 (i) he
has never been the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree or finding,
not subsequently reversed, suspended or vacated, relating to an alleged violation of (i) any Federal or State securities or commodities
law or regulation, (ii) any law or regulation respecting financial institutions or insurance companies including, but not limited
to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and
desist order, or removal or prohibition order or (iii) any law or regulation prohibiting mail or wire fraud or fraud in connection
with any business entity;

 

 (j) he
has never been the subject of, or party to, any sanction or order, not subsequently reversed, suspended or vacated, or any self-regulatory
organization, any registered entity, or any equivalent exchange, association, entity or organization that has disciplinary authority
over its members or persons associated with a member;

 

 (k) he
has never been convicted of any felony or misdemeanor: (i) in connection with the purchase or sale of any security; (ii) involving
the making of any false filing with the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker, dealer,
municipal securities dealer, investment advisor or paid solicitor of purchasers of securities;

 

 (l) he
was never subject to a final order of a state securities commission (or an agency of officer of a state performing like functions);
a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an
agency or officer of a state performing like functions); an appropriate federal banking agency; the CFTC; or the National Credit
Union Administration that is based on a violation of any law or regulation that prohibits fraudulent, manipulative, or deceptive
conduct;

 

 (m) he
has never been subject to any order, judgment or decree of any court of competent jurisdiction, that, at the time of such sale,
restrained or enjoined him from engaging or continuing to engage in any conduct or practice: (i) in connection with the purchase
or sale of any security; (ii) involving the making of any false filing with the SEC; or (iii) arising out of the conduct of the
business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of
securities;

 

 (n) he
has never been subject to any order of the SEC that orders him to cease and desist from committing or causing a future violation
of: (i) any scienter-based anti-fraud provision of the federal securities laws, including, but not limited to, Section 17(a)(1)
of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and Section 206(1) of the Advisers Act or any
other rule or regulation thereunder; or (ii) Section 5 of the Securities Act;

 

 (o) he
has never been named as an underwriter in any registration statement or Regulation A offering statement filed with the SEC that
was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is, currently, the subject of
an investigation or proceeding to determine whether a stop order or suspension order should be issued;

 

    3

     

    

 

 (p) he
has never been subject to a United States Postal Service false representation order, or is currently subject to a temporary restraining
order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device
for obtaining money or property through the mail by means of false representations;

 

 (q) he
is not subject to a final order of a state securities commission (or an agency of officer of a state performing like functions);
a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an
agency or officer of a state performing like functions); an appropriate federal banking agency; the CFTC; or the National Credit
Union Administration that bars the undersigned from: (i) association with an entity regulated by such commission, authority, agency
or officer; (ii) engaging in the business of securities, insurance or banking; or (iii) engaging in savings association or credit
union activities;

 

 (r) he
is not subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”) or section 203(e) or 203(f) of the Investment Advisers Act of 1940, as amended (the “Advisers
Act”) that: (i) suspends or revokes the undersigned’s registration as a broker, dealer, municipal securities dealer
or investment adviser; (ii) places limitations on the activities, functions or operations of, or imposes civil money penalties
on, such person; or (iii) bars the undersigned from being associated with any entity or from participating in the offering of any
penny stock; and

 

 (s) he
has never been suspended or expelled from membership in, or suspended or barred from association with a member of, a securities
self-regulatory organization (e.g., a registered national securities exchange or a registered national or affiliated securities
association) for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade.

 

8. The undersigned has
full right and power, without violating any agreement by which he is bound, to enter into this letter agreement and to serve as
a director or officer of the Company, as applicable.

 

9. The undersigned hereby
waives his right to exercise conversion rights with respect to any shares of Common Stock owned or to be owned by the undersigned,
directly or indirectly, whether purchased by the undersigned prior to the IPO, in the IPO or in the aftermarket, and agrees that
he will not seek conversion with respect to or otherwise sell, such shares in connection with any vote to approve a Business Combination
with respect thereto, a vote to amend the provisions of the Company’s Amended and Restated Certificate of Incorporation,
or a tender offer by the Company prior to a Business Combination.

 

10. The undersigned hereby
agrees to not propose, or vote in favor of, an amendment to the Company’s Amended and Restated Certificate of Incorporation
with respect to stockholder’s rights or the Company’s pre-Business Combination activities (including the substance
or timing within which the Company has to complete a business combination) of a Business Combination unless the Company offers
holders of IPO Shares the right to receive their pro rata portion of the funds then held in the Trust Fund upon approval of any
amendment.

 

11. In connection with
Section 5-1401 of the General Obligations Law of the State of New York, this letter agreement shall be governed by, and construed
in accordance with, the laws of the State of New York without regard to principles of conflicts of law that would result in the
application of the substantive law of another jurisdiction. The parties hereto agree that any action, proceeding or claim arising
out of or relating in any way to this letter agreement shall be resolved through final and binding arbitration in accordance with
the International Arbitration Rules of the American Arbitration Association (“AAA”). The arbitration
shall be brought before the AAA International Center for Dispute Resolution’s offices in New York City, New York, will be
conducted in English and will be decided by a panel of three arbitrators selected from the AAA Commercial Disputes Panel and that
the arbitrator panel’s decision shall be final and enforceable by any court having jurisdiction over the party from whom
enforcement is sought. The cost of such arbitrators and arbitration services, together with the prevailing party’s legal
fees and expenses, shall be borne by the non-prevailing party or as otherwise directed by the arbitrators.

 

12. As used herein, (i)
a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders”
shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; (iii) “Insider
Shares” shall mean all of the shares of Common Stock of the Company acquired by an Insider prior to the IPO and the
purchase of the Private Warrants; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the
Company’s IPO; (v) “Private Warrants” shall mean the warrants purchased in the private placements
taking place simultaneously with the consummation of the Company’s IPO; (vi) “Registration Statement”
means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (vii) “Trust Fund”
shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

 

    4

     

    

 

13. Any notice, consent
or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing and shall
be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or electronic
mail.

 

If to the Representative:

 

Chardan Capital Markets, LLC

17 State Street, 21st Floor

New York, NY 10004

Attn: Guy Barudin, Richard Korhammer

Email: gbarudin@chardan.com; rkorhammer@chardan.com

 

Copy (which copy shall not constitute
notice) to:

 

Greenberg Traurig, LLP

1750 Tysons Boulevard, Suite 1000

McLean, Virginia 22102

Attn: Jason Simon

Email:  simonj@gtlaw.com

 

If to the Company:

 

Quantum FinTech Acquisition Corporation

4221 W. Boy Scout Blvd.

Suite 300

Tampa, FL 33607

Attn: John Schaible, Chief Executive
Officer

Email: jschaible@qventllc.com

 

Copy (which copy shall not constitute
notice) to:

 

Latham & Watkins LLP

811 Main Street, Suite 3700

Houston, TX 77002

Attn: Ryan J. Maierson

Email: Ryan.Maierson@lw.com

 

14. No party hereto may
assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written consent
of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This letter agreement shall be binding on the parties hereto
and any successors and assigns thereof.

 

15. The undersigned acknowledges
and understands that the Underwriters and the Company will rely upon the agreements, representations and warranties set forth herein
in proceeding with the IPO. Nothing contained herein shall be deemed to render the Underwriters a representative of, or a fiduciary
with respect to, the Company, its stockholders or any creditor or vendor of the company with respect to the subject matter hereof.

 

[Signature page to follow]

 

    5

     

    

 

	 	Sincerely,
	 	 
	 	By:	 
	 	Name:	John Schaible
	 	 	 
	 	By:	 
	 	Name:	Miguel Leon
	 	 	 
	 	By:	 
	 	Name:	Daniel Caamano, V
	 	 	 
	 	By:	 
	 	Name:	Sandip I. Patel
	 	 	 
	 	By:	 
	 	Name:	Thomas J. Hammond
	 	 	 
	 	By:	 
	 	Name:	Richard Korhammer
	 	 	 
	 	By:	
	 	Name:	Steven J. Carlson
	 	 	 
	 	Acknowledged and Agreed:
	 	 
	 	QUANTUM FINTECH ACQUISITION CORPORATION
	 	 	 
	 	By:	 
	 	Name:	John Schaible
	 	Title	Chief Executive Officer

 

[Signature Page to Insider Letter]

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