Document:

Exhibit 10.7

  

________, 2021

 

Cartica Acquisition Corp

1775 I Street NW, Suite 910

Washington, D.C. 20006

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (this “Letter Agreement”) is
being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered
into by and among Cartica Acquisition Corp, a Cayman Islands exempted company (the “Company”), and J.P. Morgan
Securities LLC, as representative (the “Representative”) of the several underwriters (the “Underwriters”),
relating to an underwritten initial public offering (the “Public Offering”) of 23,000,000 of the Company’s
units (including 3,000,000 units that may be purchased pursuant to the Underwriters’ option to purchase additional units to cover
over-allotments, the “Units”), each comprising of one of the Company’s Class A ordinary shares, par value
$0.0001 per share (the “Ordinary Shares”), and a one-half of one redeemable warrant (each whole warrant, a “Warrant”).
Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units
will be sold in the Public Offering pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”)
filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”). Certain capitalized
terms used herein are defined below.

 

In order to induce the Company and the Underwriters to enter into the
Underwriting Agreement and to proceed with the Public Offering, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Cartica Acquisition Partners, LLC (the “Sponsor”) and each of the additional
persons executing this Letter Agreement (such additional persons, collectively, the “Undersigned”) hereby agree
with the Company as follows:

 

1. Definitions. As used herein, (i) “Business Combination”
shall mean a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more
businesses or entities; (ii) “Founder Shares” shall mean the 5,750,000 Class B ordinary shares of the Company,
par value $0.0001 per share, outstanding prior to the consummation of the Public Offering, including 750,000 Class B ordinary shares of
the Company, par value $0.0001 per share, that are subject to forfeiture by the Sponsor, depending on the extent to which the underwriters’
over-allotment option is exercised; (iii) “Private Placement Warrants” shall mean the warrants to purchase 14,400,000
Ordinary Shares of the Company (or warrants to purchase 15,900,000 Ordinary Shares of the Company if the Underwriters’ option to
purchase additional units is exercised in full) that the Sponsor has agreed to purchase for an aggregate purchase price of $14,400,000
(or up to $15,900,000 if the Underwriters’ option to purchase additional units is exercised in full), or $1.00 per Warrant, in a
private placement that shall close simultaneously with the consummation of the Public Offering; (iv) “Public Shareholders”
shall mean the holders of Ordinary Shares included in the Units issued in the Public Offering; (v) “Public Shares”
shall mean the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall
mean the trust account into which portions of the net proceeds of each of the Public Offering and the sale of the Private Placement Warrants,
respectively, shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement
to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly,
or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within
the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part,
any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities,
in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii)
 “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the
same may be amended from time to time.

 

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2. Representations and Warranties.

 

(a) The Sponsor and each of the Undersigned, with respect to itself,
herself or himself, represent and warrant to the Company that it, she or he has the full right and power, without violating any agreement
to which it, she or he is bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or
former employer), to enter into this Letter Agreement, as applicable, and to serve as an officer of the Company and/or a director on the
Company’s Board of Director (the “Board”), as applicable, and each of the Undersigned hereby consents
to being named in the Prospectus, road show and any other materials as an officer and/or director of the Company, as applicable.

 

(b) Each of the Undersigned represents and warrants, with respect to
herself or himself, that such person’s biographical information furnished to the Company (including any such information included
in the Prospectus) is true and accurate in all material respects and does not omit any material information with respect to such person’s
background, and that such person’s questionnaire furnished to the Company is true and accurate in all material respects. Each of
the Undersigned represents and warrants that such person is not subject to or a respondent in any legal action for, any injunction, cease-and-desist
order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;
such person has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial
transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and such person is not
currently a defendant in any such criminal proceeding; and such person has never been suspended or expelled from membership in any securities
or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

3. Business Combination Vote. It is acknowledged and
agreed that the Company shall not enter into a definitive agreement regarding a proposed Business Combination without the prior
consent of the Sponsor. The Sponsor and each of the Undersigned, with respect to itself or herself or himself, agrees that if the
Company seeks shareholder approval of a proposed initial Business Combination, then in connection with such proposed initial
Business Combination, it, she or he, as applicable, shall vote all Founder Shares and any Public Shares held by it, her or him, as
applicable, in favor of such proposed initial Business Combination (including any proposals recommended by the Board in connection
with such Business Combination) and not redeem any Public Shares held by it, her or him, as applicable, in connection with such
shareholder approval.

 

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4. Failure to Consummate a Business Combination; Trust Account Waiver.

 

(a) The Sponsor and each of the Undersigned hereby agree, with respect
to itself, herself or himself, that in the event that the Company fails to consummate its initial Business Combination within the time
period set forth in the Charter, the Sponsor and each of the Undersigned shall take all reasonable steps to cause the Company to (i) cease
all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than 10 business days thereafter,
redeem 100% of the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account,
including interest earned on the funds held in the Trust Account and not previously release to the Company to pay income taxes (less up
to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely
extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any);
and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders
and the Board, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands
law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. The Sponsor and each of the
Undersigned agree not to propose any amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation
to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination or
to redeem 100% of the Public Shares if the Company does not complete an initial Business Combination within the required time period set
forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares or pre-initial Business
Combination activity unless the Company provides its Public Shareholders with the opportunity to redeem their Public Shares upon approval
of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including
interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes, if any, divided by the
number of then-outstanding Public Shares.

 

(b) The Sponsor and each of the Undersigned, with respect to
itself, herself or himself, acknowledges that it, she or he has no right, title, interest or claim of any kind in or to any monies
held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to the
Founder Shares held by it, her or him, if any. The Sponsor and each of the Undersigned hereby further waive, with respect to any
Founder Shares and Public Shares held by it, her or him, as applicable, any redemption rights it, she or he may have in connection
with the consummation of a Business Combination, including, without limitation, any such rights available in the context of a
shareholder vote to approve such Business Combination or a shareholder vote to approve an amendment to the Charter (i) that would
modify the substance or timing of the Company’s obligation to provide holders of the Public Shares the right to have their
shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares if the Company has not
consummated an initial Business Combination within the time period set forth in the Charter or (ii) with respect to any provision
relating to the rights of holders of Public Shares or pre-initial Business Combination activity (although the Sponsor and the
Undersigned shall be entitled to liquidation rights with respect to any Public Shares they hold if the Company fails to consummate a
Business Combination within the required time period set forth in the Charter).

 

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5. Lock-up; Transfer Restrictions.

 

(a) The Sponsor and the Undersigned agree that they shall not
Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest of (A) one year after the
completion of an initial Business Combination and (B) the date following the completion of an initial Business Combination on which
the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s
shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the “Founder
Shares Lock-up Period”); provided, that, notwithstanding the foregoing, if, subsequent to a Business
Combination, the closing price of the Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share
capitalizations, share consolidations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading
day period commencing at least 150 days after the Company’s initial Business Combination, the Founder Shares shall be released
from the Founder Shares Lock-up; and provided further, that, notwithstanding the foregoing, any of our directors or executive
officers who are tax residents of India will be able to Transfer their Founder Shares upon the completion of an initial Business
Combination, in light of the Indian tax exposure they are expected to experience upon the completion of an initial Business
Combination; and provided further, that the Sponsor agrees that it shall not Transfer any Founder Shares until
such Founder Shares have vested in accordance with the performance vesting requirements set forth in paragraph 5(b).

 

(b) The Sponsor agrees that it shall not Transfer any Founder Shares
in any specified Tranche (as defined below) of such Founder Shares unless, until and to the extent that a Release Event (as defined below)
has occurred with respect to such Tranche of such Founder Shares. Upon the eighth (8th) anniversary of the completion of an initial Business
Combination, if any of the Sponsor’s Founder Shares have not been subject to a Release Event, such Founder Shares shall be immediately
cancelled and forfeited by the Sponsor. Nevertheless, at all times prior to such cancellation and forfeiture of any Sponsor Founder Shares,
the Sponsor shall be entitled to vote all such Founder Shares subject to paragraphs 4(a) and (b), and shall be entitled to receive all
dividends and distributions, if any, paid in respect of such Founder Shares and in respect of such Founder Shares shall be entitled to
all benefits described in our amended and restated memorandum and articles of association under the heading “Founder Shares Conversion
and Anti-Dilution Rights”. The Sponsor’s Founder Shares shall vest, and as a consequence shall no longer be subject to the
transfer restrictions described above or to cancellation and forfeiture, in the following tranches (each, a “Tranche”
and collectively, the “Tranches”), upon the satisfaction of the conditions specified below as to each Tranche
(the condition or conditions applicable to each specific tranche being referred to herein as the “Release Event”
applicable to such Tranche):

 

(i)                 fifty percent (50%) of the Sponsor’s Founder Shares, upon the
completion of an initial Business Combination;

 

(ii)               twenty-five percent (25%) of the Sponsor’s Founder Shares, upon
the Return to Shareholders (as defined below) exceeding $12.50; and

  

(iii)             
 the remaining twenty-five percent (25%) of the Sponsor’s Founder Shares, upon the Return to Shareholders exceeding $15.00.

 

As used above, “Return to Shareholders” means
the sum of (i) the per-share market price of the Ordinary Shares (or their post-business combination equivalent) following the completion
of an Business Combination (measured as the average of the twenty (20) highest daily closing market prices for the Ordinary Shares over
any period of thirty (30) consecutive trading days that commences after the completion of an initial Business Combination) and (ii) the
cash or fair market value (as applicable) of each per-share dividend or distribution paid by the Company on the Ordinary Shares (or their
post-business combination equivalent).

 

Notwithstanding the foregoing, all of the Sponsor’s
unvested Founder Shares shall vest, and as a consequence shall no longer be subject to the transfer restrictions described above or to
cancellation and forfeiture, if:

 

(i)                 
the post-business combination company completes a “going private” transaction pursuant to Rule13e-3 under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise ceases to be subject to reporting obligations
under Sections 13 or 15(d) of under the Exchange Act;

 

(ii)               
the Ordinary Shares (or their post-business combination equivalent) cease being listed on a national securities exchange;

 

(iii)              the post-business combination
company is amalgamated, merged, consolidated or reorganized with or into another person (an “acquirer”), and as a result thereof
less than 50.1% (whether by voting or economic interests) of the outstanding equity capital interests of the acquirer is owned in the
aggregate by those persons that were holders of the post-business combination company’s Ordinary Shares (or their post-business
combination equivalent) immediately prior to such amalgamation, merger, consolidation or reorganization, excluding from such computation
any of the post-business combination company’s Ordinary Shares (or their post-business combination equivalent) held at such time
by the acquirer or any affiliate of the acquirer;

 

(iv)                 
the post-business combination company or any of its subsidiaries, individually or collectively, sells, assigns, transfers or otherwise
disposes of, in one transaction or a series of related transactions, all or substantially all of the assets of such company and its subsidiaries,
taken as a whole, and as a result less than 50.1% (whether by voting or economic interests) of the outstanding equity capital interests
of the acquirer, or other surviving or resulting entity, is owned in the aggregate by those persons that were holders of the post-business
combination company’s Ordinary Shares (or their post-business combination equivalent) immediately prior to such sale, assignment
or transfer, excluding from such computation any of the post-business combination company’s Ordinary Shares (or their post-business
combination equivalent) held at such time by the acquirer or any affiliate of the acquirer; or

 

(v)                 
if a Schedule 13D or Schedule 13G report under the Exchange Act is filed with the SEC disclosing that any person or group has become
the beneficial owner of a percentage of the post-business combination company’s outstanding Ordinary Shares (or their post-business
combination equivalent) greater than the percentage of such Ordinary Shares that, at the date of such filing, is held by any other person
or group that held more than 50% of the post-business combination company’s Ordinary Shares (or their post-business combination
equivalent) immediately after the completion of an initial Business Combination.

 

Notwithstanding the transfer restrictions imposed on the Sponsor’s
unvested Founder Shares, at or prior to the closing of an initial Business Combination, the Sponsor’s Founder Shares may be transferred
to any third party providing equity or debt financing for an initial Business Combination or in respect of any related transaction.

 

Unless otherwise agreed in writing by the Sponsor and such third party,
no such transferred Founder Shares will be subject to the transfer restrictions or vesting conditions set forth above.

 

(c) The Sponsor and the Undersigned agree that they shall not effectuate
any Transfer of Private Placement Warrants or Ordinary Shares underlying such warrants until thirty (30) days after the completion of
an initial Business Combination.

 

(d) Notwithstanding the provisions set forth in paragraphs 5(a),
(b) and (c), Transfers of the Founder Shares, whether vested or unvested, the Private Placement Warrants and the Ordinary Shares
underlying the Private Placement Warrants are permitted (a) to the Company’s officers, the Company’s directors, any affiliates
or family members of any of the Company’s officers or directors, any direct or indirect members of the Sponsor or their affiliates,
any affiliates of the Sponsor, including to funds affiliated with Cartica Management, LLC, and to limited partners of funds affiliated
with Cartica Management, LLC or any affiliates thereof, or any employees of such affiliates; (b) in the case of an individual, by gift
to a member of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s
immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of
descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified domestic relations order;
(e) by private sales or transfers made in connection with the consummation of a Business Combination at prices no greater than the price
at which the Founder Shares, Private Placement Warrants or Ordinary Shares, as applicable, were originally purchased; (f) by virtue of
the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor; (g) to the Company for no value for cancellation
in connection with the consummation of an initial Business Combination, (h) in the event of the Company’s liquidation prior to the
completion of a Business Combination; or (i) in the event of completion of a liquidation, merger, share exchange or other similar transaction
which results in all of the Company’s Public Shareholders having the right to exchange their Ordinary Shares for cash, securities
or other property subsequent to the completion of an initial Business Combination; provided, however, that in the case of
clauses (a) through (i) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions.

 

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(e) During the period commencing on the effective date of the Underwriting
Agreement and ending 180 days after such date, the Sponsor and each of the Undersigned shall not, without the prior written consent of
the Representatives, Transfer any Units, Ordinary Shares, Warrants or any other securities convertible into, or exercisable or exchangeable
for, Ordinary Shares held by it, her or him, as applicable, subject to certain exceptions enumerated in Section 4(h) of the Underwriting
Agreement.

 

6. Remedies. The Sponsor and each of the Undersigned hereby
agree and acknowledge that (i) each of the Underwriters and the Company would be irreparably injured in the event of a breach by the Sponsor
or any of the Undersigned of its, her or his obligations, as applicable under paragraphs 3, 4, 5, 7, 10
and 11, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled
to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

7. Payments by the Company. Except as disclosed in the Prospectus,
neither the Sponsor nor any affiliate of the Sponsor nor any officer of the Company nor any affiliate of the officers shall receive from
the Company any finder’s fee, reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation prior
to, or in connection with any services rendered in order to effectuate, the consummation of the Company’s initial Business Combination
(regardless of the type of transaction that it is).

 

8. Director and Officer Liability Insurance. The Company will
maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and the Undersigned shall
be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any
of the Company’s directors or officers.

 

9. Termination. This Letter Agreement shall terminate on the
earlier of (i) the expiration of the Founder Shares Lock-up Period and (ii) the liquidation of the Company.

 

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10. Indemnification. In the event of the liquidation of
the Trust Account upon the failure of the Company to consummate its initial Business Combination within the time period set forth in
the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless the Company against any
and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses
reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened) to which the
Company may become subject as a result of any claim by (i) any third party for services rendered or products sold to the Company
(except for the Company’s independent auditors) or (ii) any business with which the Company has discussed entering into a
transaction agreement (a “Business Combination Partner”); provided, however, that such
indemnification of the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure that such claims by a third
party for services rendered or products sold to the Company or a Business Combination Partner do not reduce the amount of funds in
the Trust Account to below the lesser of (i) $10.30 per Public Share and (ii) the actual amount per Public Share held in the Trust
Account as of the date of the liquidation of the Trust Account if less than $10.30 per Public Share due to reductions in the value
of the trust assets, in each case net of interest that may be withdrawn to pay the Company’s tax obligations, (y) shall not
apply to any claims by a third party or a Business Combination Partner who executed a waiver of any and all rights to the monies
held in the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the
Company’s indemnity of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933,
as amended. The Indemnitor shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory
to the Company if, within 15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the
Company in writing that it shall undertake such defense.

 

11. Forfeiture of Founder Shares. To the extent that the Underwriters
do not exercise their option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described
in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an
aggregate number of Founder Shares so that the number of Founder Shares will equal 20% of the sum of the total number of Ordinary Shares
and Founder Shares outstanding at such time. The Sponsor and the Undersigned further agree that to the extent that the size of the Public
Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect
to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder
Shares at 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time.

 

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

 

13. Assignment. 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 parties. Any purported
assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title
to the purported assignee. This Letter Agreement shall be binding on the Sponsor, each of the Undersigned and each of their respective
successors, heirs, personal representatives and assigns and permitted transferees.

 

14. Counterparts. This Letter Agreement may be executed in any
number of original or facsimile counterparts, and each of such counterparts shall for all purposes be deemed to be an original, and all
such counterparts shall together constitute but one and the same instrument.

 

15. Effect of Headings. The paragraph headings herein are for
convenience only and are not part of this Letter Agreement and shall not affect the interpretation thereof.

 

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16. Severability. This Letter Agreement shall be deemed severable,
and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Letter
Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties
hereto intend that there shall be added as a part of this Letter Agreement a provision as similar in terms to such invalid or unenforceable
provision as may be possible and be valid and enforceable.

 

17. Governing Law. This Letter Agreement shall be governed by
and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles
that would result in the application of the substantive laws of another jurisdiction. The parties hereto (i) all agree that any action,
proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced in the courts
of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall
be exclusive, and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

 

18. Notices. 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 email or express mail or similar
private courier service, by certified mail (return receipt requested), by hand delivery or facsimile transmission.

 

[Signature Page Follows]

 

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	 	Sincerely,
	 	 	 
	 	Cartica Acquisition Partners, LLC
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title: Managing Member  

 

Acknowledged and Agreed:

 

	Cartica Acquisition Corp	 	 
	 	 	 
	By:	 	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 
	 	 	 
	Name: Sanjeev Goel	 	Name: Subramanian Ramadorai
	 	 	 
	 	 	 
	Name: C. Brian Coad	 	Name: Keki M. Mistry
	 	 	 
	 	 	 
	Name: Steven J. Quamme	 	Name: Parul Bhandari
	 	 	 
	 	 	 
	Name: Farida Khambata	 	Name: Asif Ramji

 

[Signature Page
to Letter Agreement]Exhibit 10.8 

 

FORWARD PURCHASE AGREEMENT

 

This Forward Purchase Agreement (this “Agreement”)
is entered into as of ________, 2021, by and among Cartica Acquisition Corp, a Cayman Islands exempted company (the “Company”)
and Cartica Investors, LP, Cartica Investors II, LP, and any other purchasers as provided in Section 1(a)(v) of this Agreement (the “Purchasers”).

 

Recitals

 

WHEREAS, the Company was incorporated for the purpose of effecting
a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses
or entities (a “Business Combination”);

 

WHEREAS, the Company has filed with the U.S. Securities and Exchange
Commission (the “SEC”) a draft registration statement on Form S-1 (such registration statement, as may be publicly
filed and as it may be amended from time to time, including to reflect changes in offering and other terms and conditions, the “Registration
Statement”) for its initial public offering (“IPO”) of units (the “Units”) at a price
of $10.00 per Unit, each unit comprised of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class
A Shares”), and one-half of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class
A Share at an exercise price of $11.50 per share, subject to adjustment (the “Warrants”);

 

WHEREAS, following the closing of the IPO (the “IPO Closing”),
the Company will seek to identify and consummate a Business Combination; and

 

WHEREAS, the parties hereto wish to enter into this Agreement, pursuant
to which, immediately prior to the closing of the Company’s initial Business Combination (the “Business Combination Closing”),
the Company shall issue and sell to the Purchasers, and the Purchasers shall severally purchase, on a private placement basis, up to an
aggregate number of 3,000,000 Class A Shares (the “Forward Purchase Securities”), subject to the approvals described
herein that are a condition precedent to the obligations of the respective Purchasers to purchase any Forward Purchase Securities;

 

NOW, THEREFORE, in consideration of the premises, representations,
warranties and mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt, sufficiency and
adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

Agreement

 

	1.	Sale and Purchase.

 

	 	(a)	Forward Purchase Securities.

 

	 	(i)	The Company shall issue and sell to each of the Purchasers, and each
of the Purchasers shall severally purchase from the Company, the number of Forward Purchase Securities set forth opposite such Purchaser’s
signature on the signature page to this Agreement, up to an aggregate number of 3,000,000  Forward Purchase Securities, for
an aggregate purchase price of $10.00 multiplied by such number of Forward Purchase Securities (the “FPS Purchase Price”),
up to an aggregate purchase price of $30,000,000.   

 

    	 	1	 

     

    

 

 

	 	(ii)	The Company shall require each Purchaser to purchase its Forward Purchase Securities pursuant to Section 1(a)(i) hereof by delivering to either Purchaser a notice (the “Company Notice”), at least five (5) Business Days before the date on which the FPS Purchase Price is to be paid to an account designated by the Company, specifying the anticipated date of the Business Combination Closing, the aggregate purchase price for the Forward Purchase Securities and instructions for wiring the FPS Purchase Price to the account designated by the Company (the “FPS Purchase Price Account”). At least two (2) Business Days before the anticipated date of the Business Combination Closing specified in the Company Notice, each Purchaser shall deliver its FPS Purchase Price in cash via wire transfer to the FPS Purchase Price Account, to be held in escrow pending the Business Combination Closing. If the Business Combination Closing does not occur within fifteen (15) days after a Purchaser timely delivers the FPS Purchase Price to the FPS Purchase Price Account, the Company shall return to such Purchaser the FPS Purchase Price, provided that the return of the FPS Purchase Price placed in escrow shall not terminate this Agreement or otherwise relieve either such Purchaser or the Company of any of its obligations hereunder, and the Company may provide a subsequent Company Notice pursuant to this Section 1(a)(ii). For the purposes of this Agreement, “Business Day” means any day, other than a Saturday or a Sunday, that is neither a legal holiday nor a day on which banking institutions are generally authorized or required by law or regulation to close in the City of New York, State of New York.

 

	 	(iii)	The closing of the sale of the Forward Purchase Securities (the “FPS Closing”) shall be held on the same date and immediately prior to the Business Combination Closing (such date of closing of the sale of the Forward Purchase Securities being referred to as the “Closing Date”); provided, that at the Purchasers’ request, the FPS Closing may occur up to seven (7) days prior to the Business Combination Closing (but in no event prior to any vote of the Company’s shareholders to approve the Business Combination). At the FPS Closing, the Company will issue to each Purchaser the number of Forward Purchase Securities it is purchasing, each registered in the name of such Purchaser.

 

	 	(iv)	Notwithstanding anything to the contrary in this Agreement, in respect of each of the several Purchasers, (x) if the purchase by such Purchaser of a specified number of Forward Purchase Securities has not been approved by the investment committee of Cartica Management, LLC (the “Investment Manager”), then the Purchaser shall not be obligated to purchase any Forward Purchase Securities; and (y) if the purchase by such Purchaser of a specified number of Forward Purchase Securities has been approved by the Investment Manager, then the Purchaser shall be obligated to purchase such number of Forward Purchase Securities, but shall not be obligated to purchase a greater number of Forward Purchase Securities. For the avoidance of doubt, the Investment Manager may approve or not approve some or all of each Purchaser’s purchase of Forward Purchase Securities, for any reason or for no reason, as the Investment Manager determines in its sole discretion, and without the Investment Manager’s approval none of the Purchasers nor any affiliate of either of them (including, for the avoidance of doubt, and without limitation, Cartica Acquisition Partners, LLC (the “Sponsor”)) shall have any obligation to purchase any Forward Purchase Securities. In all events, the Investment Manager may assign some or all of the commitments to purchase Forward Purchase Securities to any other funds managed by the Investment Manager, as it determines in its sole discretion.

 

	 	(b)	Delivery of Forward Purchase Securities.

 

	 	(i)	The Company shall register the Purchasers as the owners of the respective Forward Purchase Securities with the Company’s transfer agent by book entry on or promptly after (but in no event more than two (2) Business Days after) the Closing Date.

  

	 	(ii)	Each book entry for the Forward Purchase Securities shall contain a notation, and each certificate (if any) evidencing the Forward Purchase Securities shall be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED
IN VIOLATION OF SUCH ACT AND LAWS.”

  

    	 	2	 

     

    

 

	 	(c)	Legend Removal. If the Forward Purchase Securities are eligible to be sold without restriction under, and without the Company being in compliance with the current public information requirements of, Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”), or there is an effective registration statement covering the resale of the Forward Purchase Securities (and any Purchaser provides the Company with a written undertaking to sell its Forward Purchase Securities only in accordance with the plan of distribution contained in such registration statement and only if such Purchaser has not been informed that the prospectus in such registration statement is not current or the registration statement is no longer effective), then at such Purchaser’s request, the Company will cause the Company’s transfer agent to remove the legend set forth in Section 1(b)(ii). In connection therewith, if required by the Company’s transfer agent, the Company will promptly cause an opinion of counsel to be delivered to and maintained with its transfer agent, together with any other authorizations, certificates and directions required by the transfer agent that authorize and direct the transfer agent to transfer such Forward Purchase Securities without any such legend; provided, that, notwithstanding the foregoing, the Company will not be required to deliver any such opinion, authorization, certificate or direction if it reasonably believes that removal of the legend could result in or facilitate transfers of Forward Purchase Securities in violation of applicable law.

 

	 	(d)	Registration
    Rights. The Purchasers shall have registration rights as set forth on Exhibit A to this Agreement (the
    “Registration Rights”).

 

	2.	Representations and Warranties of the Purchasers. Each Purchaser represents and warrants to the Company as follows, as of the date hereof:

 

	 	(a)	Organization and Power. Such Purchaser is duly organized, validly existing, and in good standing
    under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently
    conducted and as proposed to be conducted.

 

	 	(b)	Authorization. Such Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by such Purchaser, will constitute the valid and legally binding obligation of such Purchaser, enforceable against such Purchaser in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies, or (iii) to the extent the indemnification provisions contained in the Registration Rights (as defined above) may be limited by applicable federal or state securities laws.

 

	 	(c)	Governmental Consents and Filings. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority is required on the part of such Purchaser in connection with the consummation of the transactions contemplated by this Agreement, except for applicable requirements of the Securities Act and applicable state securities laws.

 

	 	(d)	Compliance with Other Instruments. The execution, delivery and performance by such Purchaser of this Agreement and the consummation by such Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provision of its organizational documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to such Purchaser, in each case (other than clause (i)), which would have a material adverse effect on such Purchaser or its ability to consummate the transactions contemplated by this Agreement.

 

    3

     

    

 

	 	(e)	Purchase Entirely for Own Account. This Agreement is made with such Purchaser in reliance upon such Purchaser’s representation to the Company, which by such Purchaser’s execution of this Agreement, such Purchaser hereby confirms, that the Forward Purchase Securities to be acquired by such Purchaser will be acquired for investment for such Purchaser’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof in violation of any state or federal securities laws, and that such Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same in violation of law. By executing this Agreement, such Purchaser further represents that such Purchaser does not presently have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to any of the Forward Purchase Securities. For purposes of this Agreement, “Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity or any government or any department or agency thereof.

 

	 	(f)	Disclosure of Information. Such Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs and the terms and conditions of the offering of the Forward Purchase Securities, as well as the terms of the Company’s proposed IPO, with the Company’s management.

 

	 	(g)	Restricted Securities. Such Purchaser understands that the offer and sale of the Forward Purchase Securities have not been registered under the Securities Act, by reason of a specific exemption from the registration provisions of the Securities Act that depends upon, among other things, the bona fide nature of the investment intent and the accuracy of such Purchaser’s representations as expressed herein. Such Purchaser understands that the Forward Purchase Securities are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, such Purchaser must hold the Forward Purchase Securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Such Purchaser acknowledges that the Company has no obligation to register or qualify the Forward Purchase Securities for resale, except pursuant to the Registration Rights. Such Purchaser further acknowledges that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Forward Purchase Securities, and on requirements relating to the Company that are outside of such Purchaser’s control, and which the Company is under no obligation and may not be able to satisfy. Such Purchaser acknowledges that the Company filed the Registration Statement for its proposed IPO to the SEC for review. Such Purchaser understands that the offering to such Purchaser of the Forward Purchase Securities is not, and is not intended to be, part of the IPO, and that such Purchaser will not be able to rely on the protection of Section 11 of the Securities Act with respect to such Forward Purchase Securities.

 

	 	(h)	No Public Market. Such Purchaser understands that no public market now exists for the Forward Purchase Securities, and that the Company has made no assurances that a public market will ever exist for the Forward Purchase Securities.

 

	 	(i)	High Degree of Risk. Such Purchaser understands that its agreement to purchase the Forward Purchase Securities involves a high degree of risk which could cause such Purchaser to lose all or part of its investment.

 

	 	(j)	Accredited Investor. Such Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

	 	(k)	No General Solicitation. Neither such Purchaser, nor any of its officers, directors, employees, agents, shareholders or partners, has either directly or indirectly, including, through a broker or finder (i) to its knowledge, engaged in any general solicitation, or (ii) published any advertisement in connection with the offer and sale of the Forward Purchase Securities.

 

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	 	(l)	Non-Public Information. Such Purchaser acknowledges its obligations under applicable securities laws with respect to the treatment of any non-public information relating to the Company of which it may become aware.

 

	 	(m)	Adequacy of Financing. As of the date hereof and at the time of the FPS Closing, such Purchaser will have available to it sufficient funds to satisfy its obligations under this Agreement.

 

	 	(n)	No Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this Section 2 and in any certificate or agreement delivered pursuant hereto, none of the Purchasers nor any person acting on behalf of the Purchasers nor any of the Purchasers’ affiliates (the “Purchaser Parties”) has made, makes or shall be deemed to make any other express or implied representation or warranty with respect to the Purchasers and this offering, and the Purchaser Parties disclaim any such representation or warranty. Except for the specific representations and warranties expressly made by the Company in Section 3 of this Agreement and in any certificate or agreement delivered pursuant hereto, the Purchaser Parties specifically disclaim that they are relying upon any other representations or warranties that may have been made by the Company.

 

	3.	Representations and Warranties of the Company. The Company represents and warrants to the Purchasers as follows:

 

	 	(a)	Incorporation and Corporate Power. The Company is duly incorporated and validly existing and in good standing as an exempted company under the laws of the Cayman Islands and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company has no subsidiaries.

 

	 	(b)	Capitalization. As
    of the date hereof, the authorized share capital of the Company consists of:

 

	 	(i)	300,000,000 Class A Shares, none of which are issued and outstanding.

 

	 	(ii)	30,000,000 Class B ordinary shares of the Company, par value $0.0001 per share (“Class B Share(s)”), 5,750,000 of which are issued and outstanding (750,000 of which are subject to forfeiture to the extent that the underwriters’ over-allotment option in connection with the IPO is not exercised in full). All of the issued and outstanding Class B Shares have been duly authorized, are fully paid and nonassessable and were issued in compliance with all applicable federal and state securities laws.
	 	
     

    (iii)
	
     

    1,000,000 preference shares, none of which are issued and outstanding.

 

	 	(c)	Authorization. All corporate action required to be taken by the Company’s Board of Directors and shareholders in order to authorize the Company to enter into this Agreement, and to issue the Forward Purchase Securities at the FPS Closing, and the securities issuable upon conversion or exercise of the Forward Purchase Securities, has been taken or will be taken prior to the FPS Closing. All action on the part of the shareholders, directors and officers of the Company necessary for the execution and delivery of this Agreement, the performance of all obligations of the Company under this Agreement to be performed as of the FPS Closing and the issuance and delivery of the Forward Purchase Securities and the securities issuable upon conversion or exercise of the Forward Purchase Securities has been taken or will be taken prior to the FPS Closing. This Agreement, when executed and delivered by the Company, shall constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies, or (iii) to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable federal or state securities laws.

 

    	 	5	 

     

    

 

	 	(d)	Valid Issuance of Forward Purchase Securities. The Forward Purchase Securities, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement and the Company’s amended and restated memorandum and articles of association (the “Charter”), and the securities issuable upon conversion or exercise of the Forward Purchase Securities, when issued in accordance with the terms of this Agreement, and registered in the register of members of the Company, will be validly issued as fully paid and nonassessable and free of all preemptive or similar rights, taxes, liens, encumbrances and charges with respect to the issue thereof and restrictions on transfer other than restrictions on transfer specified under this Agreement, applicable state and federal securities laws and liens or encumbrances created by or imposed by the Purchaser. Assuming the accuracy of the representations of each of the Purchasers in this Agreement and subject to the filings described in Section 3(e) below, the Forward Purchase Securities will be issued in compliance with all applicable federal and state securities laws.

 

	 	(e)	Governmental Consents and Filings. Assuming the accuracy of the representations and warranties made by each of the Purchasers in this Agreement, no consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority is required on the part of the Company in connection with the consummation of the transactions contemplated by this Agreement, except for applicable requirements of the Securities Act and applicable state securities laws.

 

	 	(f)	Compliance with Other Instruments. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its Charter or other governing documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the Company, in each case (other than clause (i)) which would have a material adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement.

 

	 	(g)	Operations. As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations other than organizational activities and activities in connection with offerings of its securities.

 

	 	(h)	Foreign Corrupt Practices.  Neither the Company, nor any director, officer, agent, employee or other Person acting on behalf of the Company has, in the course of its actions for, or on behalf of, the Company (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official or employee.
	 	(i)	Compliance with Anti-Money Laundering Laws.  The operations of the Company are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements and all other applicable U.S. and non-U.S. anti-money laundering laws and regulations, including, but not limited to, those of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the USA Patriot Act of 2001 and the applicable money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Company, threatened.

 

	 	(j)	Absence of Litigation.  There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the Company, threatened against or affecting the Company or any of the Company’s officers or directors, whether of a civil or criminal nature or otherwise, in their capacities as such.

 

	 	(k)	No General Solicitation. Neither the Company, nor any of its officers, directors, employees, agents or shareholders has either directly or indirectly, including, through a broker or finder (i) engaged in any general solicitation, or (ii) published any advertisement in connection with the offer and sale of the Forward Purchase Securities.

 

    	 	6	 

     

    

 

	 	(l)	No Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this Section 3 and in any certificate or agreement delivered pursuant hereto, the Company has not made and does not make nor shall be deemed to make any other express or implied representation or warranty with respect to the Company, this offering, the proposed IPO or a potential Business Combination, and the Company disclaims any such representation or warranty. Except for the specific representations and warranties expressly made by each of the Purchasers in Section 2 of this Agreement and in any certificate or agreement delivered pursuant hereto, the Company specifically disclaims that it is relying upon any other representations or warranties that may have been made by the Purchaser Parties.

 

	4.	Additional Agreements and Acknowledgements and Waivers of the Purchaser.

 

	 	(a)	Trust Account.

 

	 	(i)	The Purchasers hereby acknowledge that they are aware that the Company will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the closing of the IPO. Each Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, such Purchaser may have in respect of any Class A Shares held by it.

 

	 	(ii)	The Purchasers hereby agree that they shall have no right of set-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waive any Claim to, or to any monies in, the Trust Account that they may have now or in the future, except for redemption and liquidation rights, if any, the Purchasers may have in respect of any Class A Shares held by them. In the event the Purchasers have any Claim against the Company under this Agreement, the Purchasers shall pursue such Claim solely against the Company and its assets outside the Trust Account and not against the property or any monies in the Trust Account, except for redemption and liquidation rights, if any, the Purchasers may have in respect of any Class A Shares held by them.

 

	 	(b)	Redemption
    and Liquidation. The Purchasers hereby waive, with respect to any Forward Purchase Securities held by them, any redemption
    rights they may have in connection with the consummation of a Business Combination, including (i) any such rights available in the
    context of a shareholder vote to approve such Business Combination and (ii) any shareholder vote to approve an amendment to the
    Charter (A) to modify the substance or timing of the Company’s obligation to redeem 100% of the Company’s Class A Shares
    if the Company does not complete its Business Combination within eighteen (18) months after the closing of the IPO or during any
    extended time that we have to consummate a business combination beyond 18 months or as a result of a shareholder vote to amend our
    amended and restated memorandum and articles of association or (B) with respect to any other provisions relating to the rights of
    the Company’s Class A Shares, it being understood that the Purchasers shall be entitled to redemption and liquidation rights
    with respect to any Class A Shares held by them.

 

	 	(c)	Voting.  The Purchasers hereby agree that if the Company seeks shareholder approval of a proposed Business Combination, then in connection with such proposed Business Combination, the Purchasers shall vote any Class A Shares owned by them in favor of any proposed Business Combination.  If any Purchaser fails to vote any Class A Shares it is required to vote hereunder in favor of a Proposed Business Combination, such Purchaser hereby grants to the Company and any representative designated by the Company without further action by such Purchaser a limited irrevocable power of attorney to effect such vote on behalf of such Purchaser, which power of attorney shall be deemed to be coupled with an interest.

 

    	 	7	 

     

    

 

	 	(d)	[Reserved]

 

	 	(e)	Transfer. This Agreement and all of the rights and obligations hereunder of each Purchaser (including such Purchaser’s obligation to purchase the Forward Purchase Securities) may be transferred or assigned, at any time and from time to time, in whole or in part, to one or more affiliates of such Purchaser, but not to other third parties (each such transferee, a “Transferee”). Upon any such assignment:

 

	 	(i)	the applicable Transferee shall execute a signature page to this Agreement, substantially in the form of such Purchaser’s signature page hereto (the “Joinder Agreement”), which shall reflect the number of Forward Purchase Securities to be purchased by such Transferee (the “Transferee Securities”), and, upon such execution, such Transferee shall have all the same rights and obligations of such Purchaser hereunder with respect to the Transferee Securities, and references herein to the “Purchaser” shall be deemed to refer to and include any such Transferee with respect to such Transferee and to its Transferee Securities; provided, that any representations, warranties, covenants and agreements of such Purchaser and any such Transferee shall be several and not joint and shall be made as to such Purchaser or any such Transferee, as applicable, as to itself only; and

 

	 	(ii)	upon a Transferee’s execution and delivery of a Joinder Agreement, the number of Forward Purchase Securities to be purchased by such Purchaser hereunder shall be reduced by the total number of Forward Purchase Securities to be purchased by the applicable Transferee pursuant to the applicable Joinder Agreement, which reduction shall be evidenced by such Purchaser and the Company by amending Schedule A to this Agreement to reflect each transfer and updating the “Number of Forward Purchase Securities” and “Aggregate Purchase Price for Forward Purchase Securities” on such Purchaser’s signature page hereto to reflect such reduced number of Forward Purchase Securities. For the avoidance of doubt, this Agreement need not be amended and restated in its entirety, but only Schedule A and such Purchaser’s signature page hereto need be so amended and updated and executed by each of such Purchaser and the Company upon the occurrence of any such transfer of Transferee Securities.

 

	5.	Additional Agreement of the Company.

 

	 	(a)	Nasdaq Listing. The
    Company will use commercially reasonable efforts to effect the listing of the Class A Shares on the Nasdaq Global Market (or another
    national securities exchange).

 

	 	(b)	QEF Election Information.  Until the Business Combination, the Sponsor shall use commercially reasonable efforts to determine whether, in any year, the Company or any subsidiary of the Company is deemed to be a “passive foreign investment company” (a “PFIC”) within the meaning of U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (collectively, the “Code”). Until the Business Combination, if the Sponsor determines that the Company or any subsidiary of the Company is a PFIC in any year, for the year of determination and for each year thereafter during which the Purchasers hold an equity interest in the Company, including warrants, the Company or its subsidiary shall use commercially reasonable efforts to (i) make available to the Purchasers the information that may be required to make or maintain a “qualified electing fund” election under the Code with respect to the Company and (ii) furnish the information required to be reported under Section 1298(f) of the Code and/or, upon request, necessary in order to make the election described in Section 1291(d)(2)(B) of the Code.

 

	6.	FPS Closing Conditions.

 

	 	(a)	The obligation of the Purchasers to purchase the Forward Purchase Securities at the FPS Closing under this Agreement shall be subject to the fulfillment, at or prior to the FPS Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchasers:

 

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	 	(i)	the Business Combination shall be consummated substantially concurrently with, and immediately following, the purchase of Forward Purchase Securities, except as otherwise provided in Section 1(a)(4) of this Agreement;

 

	 	(ii)	the Company shall have delivered to the Purchasers a certificate evidencing the Company’s good standing as a Cayman Islands exempted company, as of a date within ten (10) Business Days of the FPS Closing;

 

	 	(iii)	the representations and warranties of the Company set forth in Section 3 of this Agreement shall have been true and correct as of the date hereof and shall be true and correct, in the case of the Company, as of the FPS Closing, as applicable, with the same effect as though such representations and warranties had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except, in the case of the Company, where the failure to be so true and correct would not have a material adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement;

 

	 	(iv)	the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the FPS Closing;
	 	 	 
	 	(v)	the purchase of the Forward Purchase Securities by the Purchasers has been approved by the investment committee of the Investment Manager; and 

 

	 	(v)	no order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory, or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be in effect, preventing the purchase by the Purchasers of the Forward Purchase Securities.

 

	 	(b)	The obligation of the Company to sell the Forward Purchase Securities at the FPS Closing under this Agreement shall be subject to the fulfillment, at or prior to the FPS Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Company:

 

	 	(i)	the Business Combination shall be consummated substantially concurrently with, and immediately following, the purchase of Forward Purchase Securities, except as otherwise provided in Section 1(a)(4) of this Agreement;

 

	 	(ii)	the representations and warranties of each of the Purchasers set forth in Section 2 of this Agreement shall have been true and correct as of the date hereof and shall be true and correct as of the FPS Closing, as applicable, with the same effect as though such representations and warranties had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except where the failure to be so true and correct would not have a material adverse effect on the Purchasers or its ability to consummate the transactions contemplated by this Agreement;

 

	 	(iii)	the Purchasers shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Purchasers at or prior to the FPS Closing; and

 

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	 	(iv)	no order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory, or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be in effect, preventing the purchase by the Purchasers of the Forward Purchase Securities.

 

	7.	Termination. This Agreement may be terminated at any time prior to the FPS Closing:

 

	 	(a)	by mutual written consent of the Company and the Purchasers;

 

	 	(b)	automatically

 

	 	(i)	if the IPO is not consummated on or prior to March 31, 2022;

 

	 	(ii)	if the Business Combination is not consummated within twenty-four (24) months from the closing of the IPO, unless extended upon approval of the Company’s shareholders in accordance with the Charter; or

 

	 	(iii)	if the Company becomes subject to any voluntary or involuntary petition under the United States federal bankruptcy laws or any state insolvency law, in each case which is not withdrawn within sixty (60) days after being filed, or a receiver, fiscal agent or similar officer is appointed by a court for business or property of the Company, in each case which is not removed, withdrawn or terminated within sixty (60) days after such appointment;

 

In the event of any termination of this Agreement pursuant
to this Section 7, the FPS Purchase Price (and interest thereon, if any), if previously paid, and each Purchaser’s funds paid in
connection herewith shall be promptly returned to such Purchaser, and thereafter this Agreement shall forthwith become null and void and
have no effect, without any liability on the part of such Purchaser or the Company and their respective directors, officers, employees,
partners, managers, members, or shareholders and all rights and obligations of each party shall cease; provided, however,
that nothing contained in this Section 7 shall relieve any party from liabilities or damages arising out of any fraud or willful breach
by such party of any of its representations, warranties, covenants or agreements contained in this Agreement.

 

	8.	General Provisions.

 

	 	(a)	Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given upon the earlier of actual receipt, and (a) personal delivery to the party to be notified, (b) when sent, if sent by electronic mail or facsimile (if any) during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s next Business Day, (c) five (5) Business Days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) Business Day after deposit with a nationally recognized overnight courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. All communications sent to the Company shall be sent to: Cartica Acquisition Corp, 1775 I Street NW, Suite 910, Washington, D.C. 20006 Attn: Brian Coad, email: bcoad@carticaspac.com, with a copy to the Company’s counsel at: Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, NY 10105 Attn: Barry I. Grossman, Esq, email: bigrossman@egsllp.com.

 

All communications to the Purchasers shall be sent to the address
as set forth on each Purchaser’s signature page hereof, or to such e-mail address, facsimile number (if any) or address as subsequently
modified by written notice given in accordance with this Section 8(a).

 

    	 	10	 

     

    

  

	 	(b)	No Finder’s Fees. Each of the parties represents that it neither is nor will be obligated for any finder’s fee or commission in connection with this transaction. The Purchasers agree to indemnify and to hold harmless the Company from any liability for any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending against such liability or asserted liability) for which the Purchasers or their respective officers, employees or representatives is responsible. The Company agrees to indemnify and hold harmless the Purchasers from any liability for any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending against such liability or asserted liability) for which the Company or any of its officers, employees or representatives is responsible.

 

	 	(c)	Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive the FPS Closing.

 

	 	(d)	Entire Agreement. This Agreement, together with any documents, instruments and writings that are delivered pursuant hereto or referenced herein, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby.

 

	 	(e)	Successors. All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

	 	(f)	Assignments. Except as otherwise specifically provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other parties.

 

	 	(g)	Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument.

 

	 	(h)	Headings. The section headings contained in this Agreement are inserted for convenience only and will not affect in any way the meaning or interpretation of this Agreement.

 

	 	(i)	Governing Law. This Agreement, the entire relationship of the parties hereto, and any dispute between the parties (whether grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without giving effect to its choice of laws principles.

 

	 	(j)	Jurisdiction. The parties hereto (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of New York and to the jurisdiction of the United States District Court for the Southern District of New York for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action or other proceeding arising out of or based upon this Agreement except in state courts of New York or the United States District Court for the Southern District of New York, and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court.

 

	 	(k)	WAIVER OF JURY TRIAL. THE PARTIES HERETO HEREBY WAIVE ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION PURSUANT TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

 

    	 	11	 

     

    

 

 

	 	(l)	Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except with the written consent of the Company and the Purchasers, and as consistent with applicable law.

 

	 	(m)	Severability. The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect the validity or enforceability of the other provisions hereof; provided, that if any provision of this Agreement, as applied to any party hereto or to any circumstance, is adjudged by a governmental authority, arbitrator, or mediator not to be enforceable in accordance with its terms, the parties hereto agree that the governmental authority, arbitrator, or mediator making such determination will have the power to modify the provision in a manner consistent with its objectives such that it is enforceable, and/or to delete specific words or phrases, and in its reduced form, such provision will then be enforceable and will be enforced.

 

	 	(n)	Expenses. Each of the Company and the Purchasers will bear their own respective costs and expenses incurred in connection with the preparation, execution and performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses of agents, representatives, financial advisors, legal counsel and accountants. The Company shall be responsible for the fees of its transfer agent; stamp taxes and all The Depository Trust Company fees associated with the issuance of the Forward Purchase Securities and the securities issuable upon conversion or exercise of the Forward Purchase Securities.

 

	 	(o)	Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. Any reference to any federal, state, local, or foreign law will be deemed also to refer to law as amended and all rules and regulations promulgated thereunder, unless the context requires otherwise. The words “include,” “includes,” and “including” will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.

 

	 	(p)	Waiver. No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising because of any prior or subsequent occurrence.

 

	 	(q)	Confidentiality. Except as may be required by law, regulation or applicable stock exchange listing requirements, unless and until the transactions contemplated hereby and the terms hereof are publicly announced or otherwise publicly disclosed by the Company, the parties hereto shall keep confidential and shall not publicly disclose the existence or terms of this Agreement.

 

[Signature page follows]

 

    	 	12	 

     

    

 

[Signature page to Forward Purchase Agreement]

 

    	 	 

     

    

 

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

 

	PURCHASERS:	 	 	 	 
	 	 	
    Number (Price) of Forward Purchase Securities:
	 	
    Address for Notices:

	 	 	 	 	 
	CARTICA INVESTORS, LP	 	__________ (____________)	 	c/o Cartica Management, LLC
	 	 	 	 	1775 I Street NW, Suite 900
	By:	 	 	 	 	Washington, D.C. 20006
	Name:  	 	 	 	 	Attn: Steven J. Quamme
	Title:	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 
	CARTICA INVESTORS II, LP	 	__________ (____________)	 	c/o Cartica Management, LLC 
	 	 	 	 	1775 I Street NW, Suite 900
	 By:	 	 	 	 	Washington, D.C. 20006
	 Name:	 	 	 	 	Attn: Steven J. Quamme
	 Title:	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 
	COMPANY:	 	 	 	 
	 	 	 	 	 
	CARTICA ACQUISITION CORP	 	 	 	1775 I Street NW, Suite 910
	 	 	 	 	 	Washington, D.C. 20006
	By:	 	 	 	 	Attn: Brian Coad
	Name: 	 	 	 	 	 
	Title:	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	
    Total Number (Total Price) of Forward Purchase Securities:
	 	Up
to 3,000,000

                                   ($30,000,000)
	 	 

  

[Signature page to Forward Purchase Agreement]

 

    	 	 

     

    

 

EXHIBIT A

 

Registration Rights

 

	1.	The Company shall use commercially reasonable efforts
    to (i) within thirty (30) days after the Business Combination Closing, file a registration statement for a secondary offering
    (including any successor registration statement covering the resale of the Registrable Securities, a “Resale
    Shelf”) of (x) the Forward Purchase Securities, (y) any other Class A Shares or Warrants that may be acquired by the
    Purchasers after the date of the Agreement of which this Exhibit A is a part, including any time after the Business Combination Closing
    and (z) any other equity security of the Company issued or issuable with respect to the securities referred to in clauses (x) and
    (y) by way of a share capitalization or share split or in connection with a combination of shares, recapitalization, merger,
    consolidation or reorganization (collectively, the “Registrable Securities”) for an offering to be made on a
    continuous basis pursuant to Rule 415 of the Securities Act registering the resale of the Registrable Securities from time to time; provided,
    that if Form S-3 is unavailable for such a registration, the Company shall register the resale of the Registrable Securities on
    another appropriate form and undertake to register the Registrable Securities on Form S-3 as soon as such form is available, (ii)
    cause the Resale Shelf to be declared effective under the Securities Act promptly thereafter, but in no event later than ninety (90)
    days after the closing of the Business Combination and (iii) maintain the effectiveness of such Resale Shelf with respect to each
    Purchaser’s Registrable Securities and to ensure the Resale Shelf does not contain a material omission or misstatement,
    including by way of amendment or other update, as required, until the earlier of (A) the date on which such Purchaser ceases to hold
    Registrable Securities covered by such Resale Shelf and (B) the date all of such Purchaser’s Registrable Securities covered by
    the Resale Shelf can be sold publicly without restriction or limitation under Rule 144 under the Securities Act and without the
    requirement to be in compliance with Rule 144(c)(1) under the Securities Act; and provided, further, with respect to
    Registrable Securities acquired after the Business Combination Closing, the Company shall only be obligated to amend the Resale
    Shelf or file a new registration statement that will constitute a Resale Shelf to include such Registrable Securities on two (2)
    occasions, each upon the written request of the Purchasers with respect to at least 100,000 Registrable Securities.

 

	2.	In the event the Company is prohibited by applicable rule, regulation or interpretation by the staff  of the SEC (“Staff”) from registering all of the Registrable Securities on the Resale Shelf or the Staff requires that any Purchaser be specifically identified as an “underwriter” in order to permit such registration statement to become effective, and such Purchaser does not consent in writing to being so named as an underwriter in such registration statement, the Company agrees to promptly (i) inform each of the holders thereof and use its reasonable best efforts to file amendments to the Resale Shelf as required by the SEC and/or (ii) withdraw the Resale Shelf and file a new registration statement (a “New Registration Statement”), on Form S-3, or if Form S-3 is not then available to the Company for such registration statement, on such other form available to register for resale the Registrable Securities as a secondary offering; the number of Registrable Securities to be registered on the Resale Shelf will be reduced on a pro rata basis among all the holders of Registrable Securities to be so included, unless otherwise required by the Staff, so that the number of Registrable Securities to be registered is permitted by Staff and such Purchaser is not required to be named as an “underwriter”; provided, that any Registrable Securities not registered due to this paragraph 2 shall thereafter as soon as allowed by the SEC guidance be registered to the extent the prohibition no longer is applicable.

 

    	 	A-1	 

     

    

 

	3.	If at any time the Company proposes to file a registration statement (a “Proposed Registration Statement”) on its own behalf, or on behalf of any other persons who have registration rights (“Other Holders”), relating to an underwritten offering of ordinary shares, or engage in an Underwritten Shelf Takedown (as defined below) off an existing registration statement (a “Company Offering”), then the Company will provide the Purchasers with notice in writing (an “Offer Notice”) at least five (5) Business Days prior to such filing, which Offer Notice will offer to include in the Proposed Registration Statement, the Purchaser’s Registrable Securities. Within five (5) Business Days (or, in the case of an Offer Notice delivered to the Purchasers in connection with an Underwritten Shelf Takedown, within three (3) Business Days) after receiving the Offer Notice, a Purchaser may make a written request to the Company to include some or all of such Purchaser’s Registrable Securities in the Proposed Registration Statement. If the underwriter(s) for any Company Offering advise the Company that marketing factors require a limitation on the number of securities that may be included in the Company Offering, the number of securities to be so included shall be allocated as follows: (i) first, to the Company and the Other Holders, if any; and (ii) second, to the requesting Purchaser(s).

 

	4.	At any time during which the Company has an effective Resale Shelf with respect to any Purchaser’s Registrable Securities, any such Purchaser may make a written request (which request shall specify the intended method of disposition thereof) (a “Shelf Takedown Request”) to the Company to effect a sale, of all or a portion of the Purchaser’s Registrable Securities that are covered by the Resale Shelf, and the Company shall use commercially reasonable efforts to file, to the extent required by applicable law or regulation, a prospectus supplement (a “Shelf Takedown Prospectus Supplement”) for such purpose as soon as reasonably practicable following receipt of a Shelf Takedown Request. Such Purchaser may request that any such sale be conducted as an underwritten public offering (an “Underwritten Shelf Takedown”).

 

	5.	The determination of whether any offering of Registrable Securities pursuant to the Resale Shelf or a Shelf Takedown Prospectus Supplement will be an Underwritten Shelf Takedown shall be made in the sole discretion of the Purchasers, after consultation with the Company, and the Purchasers shall have the right, after consultation with the Company, to determine the plan of distribution, including the price at which the Registrable Securities are to be sold and the underwriting commissions, discounts and fees. The Purchasers shall select the investment banker or bankers and managers to administer the offering, including the lead managing underwriter (provided that such investment banker or bankers and managers shall be reasonably satisfactory to the Company).

 

	6.	In connection with any Underwritten Shelf Takedown, the Company shall enter into such customary agreements and take all such other actions in connection therewith (including those requested by the Purchasers) in order to facilitate the disposition of such Registrable Securities as are reasonably necessary or required, and in such connection enter into a customary underwriting agreement that provides for customary opinions, comfort letters and officer’s certificates and other customary deliverables.

 

	7.	The Company shall pay all fees and expenses incident to the performance of or compliance with its obligation to prepare, file and maintain the Resale Shelf (including the fees of its counsel and accountants). The Company shall also pay all Registration Expenses. For purposes of this paragraph 7, “Registration Expenses” shall mean the out-of-pocket expenses of a Company Offering or an Underwritten Shelf Takedown, including, without limitation, the following: (i) all registration, qualification and filing fees (including fees with respect to filings required to be made with FINRA) and any securities exchange on which the Registrable Securities are then listed; (ii) fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of one counsel to the underwriters in connection with blue sky qualifications of the Registrable Securities); (iii) printing, messenger, telephone and delivery expenses; (iv) reasonable fees and disbursements of counsel for the Company; (v) reasonable fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with such Underwritten Shelf Takedown; (vi) reasonable fees and expenses of one legal counsel selected by the Purchasers and (vii) and, for the avoidance of doubt, the Company also shall pay all of its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review, the expense of any liability insurance and the expenses and fees for listing the securities to be registered on each securities exchange on which similar securities issued by the Company are then listed; provided, that it is understood and agreed that the Company shall not be responsible for any underwriting fees, discounts, selling commissions, underwriter expenses and share transfer taxes relating to the registration and sale of the Purchasers’ Registrable Securities.

 

    	 	A-2	 

     

    

 

	8.	The Company may suspend the use of a prospectus included in the Resale Shelf by furnishing to the Purchasers a written notice (“Suspension Notice”) stating that in the good faith judgment of the Company, it would be either (i) prohibited by the Company’s insider trading policy (as if the Purchasers were covered by such policy) or (ii) materially detrimental to the Company and its shareholders for such prospectus to be used at such time. The Company’s right to suspend the use of such prospectus under clause (ii) of the preceding sentence may be exercised for a period of not more than sixty (60) days after the date of such notice to the Purchasers; provided, that such period may be extended for an additional thirty (30) days with the consent of a majority-in-interest of the holders of Registrable Securities covered by the Resale Shelf; provided further, that such right to suspend the use of a prospectus shall be exercised by the Company not more than once in any twelve (12) month period. A holder of Registrable Securities shall not effect any sales of Registrable Securities pursuant to the Resale Shelf at any time after it has received a Suspension Notice from the Company and prior to receipt of an End of Suspension Notice (as defined below). The holders may recommence effecting sales of the Registrable Securities pursuant to the Resale Shelf following further written notice to such effect (an “End of Suspension Notice”) from the Company to the holders. The Company shall act in good faith to permit any suspension period contemplated by this paragraph to be concluded as promptly as reasonably practicable.

 

	9.	The Purchasers agree that, except as required by applicable law, the Purchasers shall treat as confidential the receipt of any Suspension Notice (provided that in no event shall such notice contain any material nonpublic information of the Company) hereunder and shall not disclose or use the information contained in such Suspension Notice without the prior written consent of the Company until such time as the information contained therein is or becomes public, other than as a result of disclosure by a holder of Registrable Securities in breach of the terms of this Agreement.

 

	10.	The Company shall indemnify and hold harmless the Purchasers, their directors and officers, partners, members, managers, affiliates, employees, agents, and representatives of the Purchasers and each person, if any, who controls any Purchaser within the meaning of the Securities Act and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the officers, directors, partners, members, managers, agents, affiliates, employees and investment advisers of each such controlling person (collectively, “Indemnified Persons”), to the fullest extent permitted by applicable law, from and against any losses, claims, damages, liabilities, joint or several, costs (including reasonable costs of preparation and reasonable attorneys’ fees) and expenses, judgments, fines, penalties, interest, settlements or other amounts arising from any and all claims, demands, actions, suits or proceedings, whether civil, criminal, administrative or investigative, in which any Indemnified Person may be involved, or is threatened to be involved, as a party or otherwise, under the Securities Act or otherwise (collectively, “Losses”), promptly as incurred, arising out of, based upon or resulting from any untrue statement or alleged untrue statement of any material fact contained in the Resale Shelf (or any amendment or supplement thereto), the related prospectus, or any amendment or supplement thereto, or arise out of, are based upon or resulting from the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading; provided, however, that the Company shall not be liable in any such case or to any Indemnified Person to the extent, but only to the extent, that any such Loss arises out of, is based upon or results from an untrue statement or alleged untrue statement or omission or alleged omission or so made in reliance upon or in conformity with information furnished by or on behalf of such Indemnified Person in writing specifically for use in the preparation of the Resale Shelf, the related prospectus, or any amendment or supplement thereto. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Person, and shall survive the transfer of such securities by the Purchasers or any termination of this Agreement.

 

    	 	A-3	 

     

    

 

	11.	The Company’s obligation under paragraph (1) of this Exhibit A is subject to the Purchasers furnishing to the Company in writing such information as the Company reasonably requests for use in connection with the Resale Shelf, the related prospectus, or any amendment or supplement thereto. Each Purchaser shall severally, and not jointly with any other selling shareholder named in the Resale Shelf, indemnify the Company, its officers, directors, managers, employees, agents and representatives, and each person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses resulting from any untrue statement or alleged untrue statement of material fact contained in the Resale Shelf, the related prospectus, or any amendment or supplement thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is contained in any information so furnished in writing by such Purchaser expressly for inclusion in such document; provided that the obligation to indemnify shall be individual, not joint and several, for each Purchaser and shall be limited to the net amount of proceeds received by such Purchaser from the sale of Registrable Securities pursuant to the Resale Shelf.

 

	12.	The Company shall cooperate with the Purchasers, to the extent the Registrable Securities become freely tradable, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to a Resale Shelf and enable such certificates to be in such denominations or amounts, as the case may be, as the Purchasers may reasonably request and registered in such names as the Purchasers may request.

 

	13.	If requested by any Purchaser, the Company shall as soon as practicable, subject to any Suspension Notice, (i) incorporate in a prospectus supplement or post-effective amendment such information as such Purchaser reasonably requests to be included therein relating to the sale and distribution of Registrable Securities, including, without limitation, information with respect to the number of Registrable Securities being offered or sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities to be sold in such offering; (ii) make all required filings of such prospectus supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (iii) supplement or make amendments to any Registration Statement if reasonably requested by such Purchaser holding any Registrable Securities.

 

	14.	As long as any Purchaser shall own Registrable Securities, the Company, at all times while it shall be reporting under the Exchange Act shall file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act and shall promptly furnish the Purchasers with true and complete copies of all such filings, unless filed through the SEC’s EDGAR system. The Company further covenants that it shall take such further action as the Purchasers may reasonably request, all to the extent required from time to time, to enable the Purchasers to sell the Class A Shares held by the Purchasers without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act, including providing any legal opinions. Upon the request of any Purchaser, the Company shall deliver to such Purchaser a written certification of a duly authorized officer as to whether it has complied with such requirements.

 

	15.	The rights, duties and obligations of any Purchaser under this Exhibit A may be assigned or delegated by such Purchaser in conjunction with and to the extent of any transfer or assignment of Registrable Securities by such Purchaser to any transferee or assignee.

 

    	 	A-4

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