Document:

Exhibit 10.4

 

FORM
OF 

LOCK-UP
AGREEMENT

 

December
16, 2022

 

Each
Buyer referenced below:

 

	 	Re:	Securities
    Purchase Agreement, dated as of December 16, 2022 (the “Securities Purchase Agreement”), between Rubicon Technologies,
    Inc., a Delaware corporation (the “Company”) and the buyers signatory thereto (each, a “Buyer”
    and, collectively, the “Buyers”)

 

Ladies
and Gentlemen:

 

Capitalized
terms not otherwise defined in this letter agreement (the “Letter Agreement”) shall have the meanings set forth in
the Securities Purchase Agreement. Pursuant to Section 5(c) of the Securities Purchase Agreement and in satisfaction of the Buyer(s)
obligation(s) under the Securities Purchase Agreement, the Buyer(s) irrevocably agree(s) with the Company that, from the date hereof
until the 18 month anniversary of the Effective Date, or such other earlier date as specified in the Securities Purchase Agreement, (such
period, the “Restriction Period”), the Buyer will not offer, sell, contract to sell, hypothecate, pledge or otherwise
dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether
by actual disposition or effective economic disposition due to cash settlement or otherwise) by the Buyer or any affiliate of the Buyer
or any person in privity with the Buyer or any affiliate of the Buyer), directly or indirectly, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act with respect to, any
Conversion Shares beneficially owned, held or hereafter acquired by the Buyer(s) (the “Securities”). For the avoidance
of doubt, this Letter Agreement applies only to the Conversion Shares pursuant to the Securities Purchase Agreement and not any other
holdings in the Company Buyer or its affiliates may have now or in the future. Beneficial ownership shall be calculated in accordance
with Section 13(d) of the Exchange Act. In order to enforce this covenant, the Company shall impose irrevocable stop-transfer instructions
preventing Continental Stock Transfer & Trust Company, the transfer agent, from effecting any actions in violation of this Letter
Agreement.

 

The
Buyer(s) acknowledge(s) that the execution, delivery and performance of this Letter Agreement is a material inducement to the Company
to complete the transactions contemplated by the Securities Purchase Agreement and that each Buyer (which shall be a third-party beneficiary
of this Letter Agreement) and the Company shall be entitled to specific performance of each undersigned’s obligations hereunder.
Each undersigned hereby represents that each undersigned has the power and authority to execute, deliver and perform this Letter Agreement,
that each undersigned has received adequate consideration therefor and that each undersigned will benefit from the closing of the transactions
contemplated by the Securities Purchase Agreement.

 

This
Letter Agreement may not be amended or otherwise modified in any respect without the written consent of the Company and each Buyer. This
Letter Agreement shall be construed and enforced in accordance with the laws of the State of New York without regard to the principles
of conflict of laws. The undersigned hereby irrevocably submits to the exclusive jurisdiction of the United States District Court sitting
in the Southern District of New York and the courts of the State of New York located in Manhattan, for the purposes of any suit, action
or proceeding arising out of or relating to this Letter Agreement, and hereby waives, and agrees not to assert in any such suit, action
or proceeding, any claim that (i) it is not personally subject to the jurisdiction of such court, (ii) the suit, action or proceeding
is brought in an inconvenient forum, or (iii) the venue of the suit, action or proceeding is improper. The Buyer(s) hereby irrevocably
waive(s) personal service of process and consents to process being served in any such suit, action or proceeding by receiving a copy
thereof sent to the Company at the address in effect for notices to it under the Securities Purchase Agreement and agrees that such service
shall constitute good and sufficient service of process and notice thereof. The Buyer(s) hereby waive(s) any right to a trial by jury.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. The Buyer(s)
agree(s) each Buyer is not entitled to cast any votes on the matters herein contemplated and that no issuance or sale of the Securities
is created or intended by virtue of this Letter Agreement.

 

By
its signature below, the transfer agent hereby acknowledges and agrees that, reflecting this Letter Agreement, it has placed an irrevocable
stop transfer instruction on all Securities beneficially owned by the Buyer(s) until the end of the Restriction Period. This Letter Agreement
shall be binding on successors and assigns of the Buyer(s) with respect to the Securities and any such successor or assign shall enter
into a similar agreement for the benefit of the Buyer(s).

 

This
Letter Agreement may be executed in two or more counterparts, all of which when taken together may be considered one and the same agreement.

 

***
SIGNATURE PAGE FOLLOWS***

 

     

     

    

 

	COMPANY:	 	 
	 	 	 
	RUBICON TECHNOLOGIES, INC.	 
	 	 	 
	By:	 	 
	Name: 	                                   	 
	Title:	 	 
	 	 	 
	BUYER:	 	 
	 	 	 
	By:	 	 
	Its:	 	 
	 	 	 
	ACKNOWLEDGEMENT:	 
	 	 	 
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY

	 
	 	 	 
	By:	 	 
	Its:	 	 

 

[Signature Page to Lockup Agreement]Exhibit 10.1

 

AMENDMENT AND JOINDER TO

AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

THIS AMENDMENT AND JOINDER
TO AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Amendment”), effective as of December 22, 2022 is made
by and among Surgery Partners, Inc., a Delaware corporation (the “Company”), BCPE Seminole Holdings LP, a Delaware
limited partnership (“Bain”), BCPE Seminole Holdings III, L.P., a Cayman Islands limited partnership (“Holdings
III”) and BCPE Seminole Holdings IV, L.P., a Cayman Islands limited partnership (“Holdings IV”) (each, individually,
a “Party” and together, the “Parties”).

 

RECITALS

 

WHEREAS, the Company, Bain
and certain stockholders of the Company entered into that certain Amended and Restated Registration Rights Agreement, dated August 31,
2017 (as amended from time to time, the “Agreement”);

 

WHEREAS, the Company and Bain
Capital Fund XI, L.P., a Cayman Islands limited partnership, entered into that certain Stock Purchase Agreement, dated November 21, 2022,
pursuant to which Holdings III and Holdings IV purchased shares of Common Stock, par value $0.01 per share, of the Company; and

 

WHEREAS, the Company and Bain
desire to amend the Agreement as set forth herein pursuant to Section 5.2 of the Agreement.

 

NOW, THEREFORE, in consideration
of the foregoing recitals and the mutual promises contained in this Amendment, and other good and valuable consideration, and intending
to be legally bound thereby, the Parties hereby agree as follows:

 

1.       Amendment.

 

a.       The
definition of “Registrable Shares” or “Registrable Securities” in Section 6.2 of the Agreement is hereby amended
to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined
text) as follows:

 

““Registrable Shares”
or “Registrable Securities” shall mean: (i) any shares of Common Stock issued through the exchange of units in Surgery
Center Holdings, LLC in the Reorganization in connection with the IPO; (ii) any shares of Common Stock (including shares of Common Stock
issued or issuable in respect of the Preferred Stock) or Preferred Stock acquired or issued pursuant to the
2022 Stock Purchase Agreement, the Stock Purchase Agreement or the Securities Purchase Agreement or
held or acquired by or Transferred or issued to any Bain Party on or after the date of this Agreement; and (iii) any Common
Stock or Preferred Stock issued or issuable with respect to the securities referred to in clauses (i) or (ii) above by way of conversion,
dividend, distribution, split or combination of securities, or any recapitalization, merger, consolidation or other reorganization; provided,
however, that shares of Common Stock which are Registrable Shares shall cease to be Registrable Shares (a) upon any sale pursuant to a
Registration Statement, Section 4(a)(1) of the Securities Act or Rule 144, or (b) at such time as such securities may be distributed without
volume limitation or other restrictions on transfer under Rule 144 (including without application of paragraphs (c), (e) (f) and (h) of
Rule 144). Notwithstanding the foregoing, any Registrable Shares transferred by a Bain Party to a Permitted Registration Rights Assignee
shall continue to be Registrable Shares in the hands of such Permitted Registration Rights Assignee.”

 

    

     

    

 

b.       Section
6.2 of the Agreement is hereby amended to add the definition of “2022 Stock Purchase Agreement” in appropriate alphabetical
order as follows:

 

““2022 Stock Purchase Agreement”
shall mean that certain Stock Purchase Agreement, dated November 21, 2022, by and between the Company and Bain Capital Fund XI, L.P.,
a Cayman Islands limited partnership.”

 

2.       Joinder.
Each of Holdings III and Holdings IV shall be bound by, and shall be a party to, the Agreement as a Stockholder and a Bain Party as of
the date hereof in the same manner as if it were an original party to the Agreement.

 

3.       Ratification
of Binding Provisions. All other paragraphs, provisions, and clauses in the Agreement not modified by this Amendment shall remain
in full force and effect as originally written.

 

4.       Electronic
Delivery; Counterparts. This Amendment, to the extent signed and delivered by electronic transmission showing the signature of a Party,
shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal
effect as if it were the original signed version thereof delivered in person by such Party. At the request of any Party hereto, each other
Party hereto shall re-execute original forms thereof and deliver them to all other Parties. No Party hereto shall raise the use of electronic
transmission to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through
electronic means as a defense to the formation or enforceability of a contract and each such Party forever waives any such defense. This
Amendment may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one
Party, but all such counterparts taken together shall constitute one and the same agreement.

 

*    *    *    *    *

 

    

     

    

 

IN WITNESS WHEREOF, the Parties
have executed this Amendment effective as of the date first written above.

 

	 	SURGERY
    PARTNERS, INC.
	 	 	 
	 	By:	/s/
    David T. Doherty
	 	Name:	David
    T. Doherty
	 	Title:	Executive
    Vice President and Chief Financial Officer
	 	 	 
	 	BCPE
    SEMINOLE HOLDINGS LP
	 	 	 
	 	By:	/s/
    Devin O’Reilly
	 	Name:	Devin
    O’Reilly
	 	Title:	Vice
    President
	 	 	 
	 	BCPE
    SEMINOLE HOLDINGS III, L.P.
	 	 	 
	 	By:	/s/
    Devin O’Reilly
	 	Name:	Devin
    O’Reilly
	 	Title:	Vice
    President
	 	 	 
	 	BCPE
    SEMINOLE HOLDINGS IV, L.P.
	 	 	 
	 	By:	/s/
    Devin O’Reilly
	 	Name:	Devin
    O’Reilly
	 	Title:	Vice
    President

 

Signature Page to Amendment and Joinder to Amended and Restated Registration Rights Agreement

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