Document:

Exhibit 10.3

    
       

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

       

      PROMISSORY NOTE

       

      

      	
              Principal Amount:

            	
              Up to $300,000

            	 	
              Dated as of January 8, 2021

            
	 	 	 	
              New York, New York

            

      

      

      Corsair Partnering Corporation, a Cayman Islands exempted company and blank check company (the “Maker”), promises to pay to the order of Corsair Capital Group, Ltd. or its
        registered assigns or successors in interest (the “Payee”), or order, the principal sum of up to Three Hundred Thousand Dollars ($300,000) in lawful money of the United States of America, on the terms and conditions described below. All payments on
        this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions of this Note.

       

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

       

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

       

      3.     Drawdown Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs reasonably related to Maker’s initial public offering of its securities. The principal of this Note may be
          drawn down from time to time prior to the earlier of: (i) December 31, 2021 or (ii) the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than One Thousand Dollars ($1,000) unless agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no
          later than one (1) business day after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars ($300,000). No fees, payments or other amounts shall be
          due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

       

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

       

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

       

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

       

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

       

      
        
          

      

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

       

      6.     Remedies.

       

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

       

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

       

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

       

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

       

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

       

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

       

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

       

      12.   Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account (the “Trust Account”)
          to be established in which the proceeds of the initial public offering (the “IPO”) to be conducted by the Maker (including deferred underwriters discounts and commissions, if any) and certain of the proceeds of the sale of units to be issued in a
          private placement to occur in connection with the closing of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus to be filed with the U.S. Securities and Exchange Commission in connection with
          the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

       

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

       

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

       

      [Signature page follows]

       

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

       

      	 	
              CORSAIR PARTNERING CORPORATION

            
	 	 
	 	
              By:

            	
              /s/ Jeremy S. Schein

            
	 	 	
              Name: Jeremy S. Schein

            
	 	 	
              Title: Director

            

      

      

      
        [Signature Page to Promissory Note]Exhibit 10.4

      

      

      SECURITIES ASSIGNMENT AGREEMENT

       

      This Securities Assignment Agreement (this “Agreement”), dated as of January 27, 2021, is made and entered into by
        and between Jeremy S. Schein (the “Initial Purchaser”) and Corsair Partnering Sponsor LP, a Cayman Islands limited partnership (the “Sponsor”).

       

      WHEREAS, Corsair Partnering Corporation, a Cayman Islands exempted company (the “Company”) and the Initial
        Purchaser entered into that certain Securities Subscription Agreement, dated as of January 8, 2021, by and between the Initial Purchaser and the Company (the “Subscription Agreement”), pursuant to which the
        Company issued and sold 120,000 Class B ordinary shares, $0.0001 par value per share (the “Class B Shares”), and 2,300,000 Class F ordinary shares, $0.0001 par value per share (the “Class F Shares” and together with the Class B Shares, the “Shares”), to the Initial Purchaser for a sum of $25,000, $18,750 of which was paid respect of the Class B Shares and $6,250 of which
        was paid in respect of the Class F Shares;

      

      

      WHEREAS, on January 22, 2021, the Initial Purchaser submitted to the Company a letter requesting: (a) the surrender of for cancellation and for nil
        consideration 157,500 Class F Shares each standing in the name of the Initial Purchaser in the register of members of the Company (the “Surrender”); and (b) the exchange of 130,000 Class F Shares each
        standing in the name of the Initial Purchaser in the register of members of the Company for a corresponding number of Class B Shares of a par value each, by way of repurchase of each Class F Share at par and the application of such repurchase
        consideration to the paying up of a Class B Share (the “Exchange”), and the Company accepted the terms of the Surrender and consummated the Exchange on such date, and made an entry on its register of members
        to the same effect (such resulting number of Shares owned by the Initial Purchaser after giving effect to the Surrender and the Exchange herein referred to as the “Subject Shares”);

      

      

      WHEREAS, on the terms and subject to the conditions set forth in this Agreement, the Initial Purchaser wishes to sell, assign and transfer the Subject
        Shares to the Sponsor, and the Sponsor wishes to purchase the Subject Shares from the Initial Purchaser and be bound by the terms of this Agreement;

      

      

      NOW, THEREFORE, in consideration of the premises, representations, warranties and the 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, intending to be legally bound, hereby agree as follows:

       

      Section 1. Assignment of Securities. The Initial Purchaser hereby sells, assigns and transfers to the Sponsor, and the Sponsor hereby purchases, the
        Subject Shares for an aggregate purchase price of $25,000.00 which was previously paid in connection with the Subscription Agreement by the Initial Purchaser;

       

      Section 2. No Conflicts. Each party represents and warrants that neither the execution and delivery of this Agreement by such party, nor the
        consummation or performance by such party of any of the transactions contemplated hereby, will with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or
        acceleration of performance of any obligation required under any agreement to which it is a party.

       

      

      Section 3. Representations of the Sponsor.

       

      (a) The Sponsor represents and warrants to the Initial Purchaser that, at the time the buy order for the Shares was originated, Sponsor was outside the
        United States and was not a U.S. person (and was not purchasing for the account or benefit of a U.S. person) within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Act”).

       

      
        
          

      

      (b) The Sponsor acknowledges, represents and agrees with the Initial Purchaser that the Shares are being offered for sale in a transaction not involving
        any public offering in the United States within the meaning of the Act. The Shares have not been registered under the Act or any U.S. securities laws and they are being offered for sale in a transaction not requiring registration under the Act. The
        Shares may not be reoffered, resold, pledged or otherwise transferred except (i) to a person whom the Sponsor reasonably believes is a qualified institutional buyer in a transaction meeting the requirements of Rule 144A under the Act; (ii) in an
        offshore transaction complying with Rule 903 of Regulation S under the Act; (iii) pursuant to an exemption from registration under the Act provided by Rule 144 thereunder if available (“Rule 144”); (iv) to an
        institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Act) that, prior to such transfer, furnishes the Company’s transfer agent with a signed letter containing certain representations and
        agreements relating to the transfer of the Shares and, if such transfer is in respect of an aggregate principal amount of notes less than $250,000, an opinion of counsel acceptable to the Company, if the Company so requests, that the transfer is in
        compliance with the Act; (v) in accordance with another exemption from the registration requirements of the Act (and based upon an opinion of counsel acceptable to the Company, if the Company so requests); (vi) to the Company; or (vii) pursuant to
        an effective registration statement under the Act, and, in each case, in accordance with all applicable U.S. state securities laws. The Sponsor will notify any subsequent purchaser from it of the resale restrictions set forth in the preceding
        sentence. Sponsor acknowledges that no representation is being made as to the availability of the exemption provided by Rule 144 for resales of the Shares.

       

      (c) Sponsor acknowledges that it has had access to such financial and other information concerning the Company and the Shares as it has deemed necessary in
        connection with its decision to purchase any of the Shares, including any opportunity to ask questions of and request information from the Company. Sponsor represents that it has not relied upon the Initial Purchaser or any information provided by
        it in deciding to purchase the Shares.

       

      (d) Sponsor understands that, until registered under the Act, the Shares will bear a legend to the effect set forth in clause (b) unless otherwise agreed
        by the Company.

      

      

      Section 4. Assignment of Rights. 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 party.

       

      Section 5. Miscellaneous. This Agreement, together with the certificates, documents, instruments and writings that are delivered pursuant hereto,
        constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter. 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. This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

      

      

      Section 6. Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed
        by the laws of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof.

       

      [The remainder of this page has been intentionally left blank.]

       

      

      
        
          

      

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

       

      	 	
              JEREMY S. SCHEIN, as Initial Purchaser

            
	 	 	 
	 	
              By:

            	
              /s/ Jeremy S. Schein

            
	 	 	
              Name: Jeremy S. Schein

            
	 	 	 

      	 	
              CORSAIR PARTNERING SPONSOR LP

            
	 	 
	 	
              By:

            	
              Corsair Sponsor GP, its general partner

            
	 	 	 
	 	
              By:

            	
              /s/ Jeremy S. Schein

            
	 	 	
              Name: Jeremy S. Schein

            
	 	 	
              Title: Director

            

       

      	 	
              Acknowledged:

            
	 	 
	 	
              CORSAIR PARTNERING CORPORATION

            
	 	

            
	 	
              By:

            	
              /s/ Jeremy S. Schein

            
	 	 	
              Name: Jeremy S. Schein

            
	 	 	
              Title: Director

            

       

      

      
        [Signature Page to Securities Assignment Agreement]

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