Document:

Exhibit 10.18

 

Execution Version

 

ESCROW AGREEMENT

 

THIS
ESCROW AGREEMENT (this “Agreement”) is entered into as of December 3, 2021, by and among P3 Health Group Holdings
LLC (the “Company”), Foresight Acquisition Corp. (“Foresight”), FAC Merger Sub LLC (“P3 LLC”), Hudson
Vegas Investment SPV, LLC (the “Class D Member”), Mary Tolan and Sherif Abdou (the “Unitholder Representatives,”
and together with the Company, Foresight, P3 LLC and the Class D Member, sometimes referred to individually as a “Party”
and collectively as the “Parties”) and PNC Bank, N.A. (“Escrow Agent”).

 

WHEREAS,
the Company, Foresight and P3 LLC entered into that certain Agreement and Plan of Merger dated as of May 25, 2021 (as may be amended
from time to time, the “Merger Agreement”).

 

WHEREAS,
pursuant to the Merger Agreement, the Company will merge with and into P3 LLC, with P3 LLC surviving the merger (the “P3 Merger”),
resulting in (i) Foresight becoming a minority equityholder and sole manager of P3 LLC and (ii) the members of the Company immediately
prior to the closing of the P3 Merger (the “Closing”) being entitled to receive the consideration specified on the Payment
Spreadsheet (as defined the Merger Agreement) (the “P3 Merger Consideration”).

 

WHEREAS,
Foresight, the blocker entities, blocker sellers and other parties party thereto entered into that certain Transaction and Combination
Agreement dated as of May 25, 2021 (as may be amended from time to time, the “Blocker Agreement”).

 

WHEREAS,
pursuant to the Blocker Agreement, certain sellers (the “Blocker Sellers”) will acquire Class A Common Stock of Foresight
(“Class A Shares”) and cash consideration as specified in the Blocker Agreement (the “Blocker Merger Consideration”
and, together with the “P3 Merger Consideration,” the “Merger Consideration”) as a result of the mergers contemplated
by the Blocker Agreement.

 

WHEREAS,
in connection with the Merger Agreement, Foresight will issue shares of non-economic Class V Common Stock of Foresight (“Class V
Shares”) to the members of the Company immediately prior to the P3 Merger other than the blocker entities (the “P3 Equityholders”
and, together with the Blocker Sellers, the “P3 Sellers”) who elect to subscribe for shares of Class V Common Stock in
connection with their receipt of securities of P3 LLC in the P3 Merger.

 

WHEREAS,
on June 11, 2021, the Class D Member filed a lawsuit against the Company, and other relevant parties, in the Delaware Court
of Chancery alleging, among other things, a breach of contract related to the Company’s operating agreement (the “PO Dispute”)
and is seeking a judgment to enforce an alleged right to purchase additional units of the Company at a predetermined valuation (the “Purchase
Option”).

 

WHEREAS,
prior to filing its lawsuit, the Class D Member, by letter dated April 1, 2021, provided notice of its intent to
exercise in full the Purchase Option.

 

WHEREAS,
certain persons and entities have agreed (i) to deposit in escrow the Merger Consideration and the Class V Shares listed on
Schedule A (collectively, the “PO Dispute Escrowed Consideration”) and (ii) that such deposit shall be subject
to the terms and conditions set forth herein.

 

WHEREAS,
the Class D Member and the Company disagree on whether the Class D Member has a preference on the Company Closing Cash Consideration
(as defined in the Merger Agreement) such that the Class D Member should be entitled to the first $50 million of Company Closing
Cash Consideration (the “Cash Dispute”).

 

WHEREAS,
certain persons and entities have agreed (i) to deposit in escrow the Merger Consideration and Class V Shares listed on Schedule
B (collectively, the “Cash Dispute Escrowed Consideration,” and, together with the PO Dispute Escrowed Consideration,
the “Escrowed Consideration”) and (ii) that such deposit shall be subject to the terms and conditions set forth herein.

 

WHEREAS,
the Unitholder Representatives have been appointed as unitholder representatives of the P3 Sellers (other than the Class D Member)
pursuant to that certain Unitholder Representative Agreement dated as of December 3, 2021 (the “Unitholder Representative Agreement”).

 

1.             Appointment.
The Parties hereby appoint Escrow Agent as their escrow agent for the purposes set forth herein, and Escrow Agent hereby accepts such
appointment under the terms and conditions set forth herein.

 

     

     

    

 

2.             Fund.

 

(a) At
the Closing, (i) each of the P3 Sellers and Foresight shall deposit (or cause its designee to deposit) with Escrow Agent the
PO Dispute Escrowed Consideration and (ii) each of the P3 Sellers listed on Schedule B shall deposit (or cause its designee
to deposit) with Escrow Agent the Cash Dispute Escrowed Consideration.

 

(b) Escrow Agent shall
hold the cash portion of the Escrowed Consideration (the “Escrowed Cash Consideration”) in one or more interest bearing demand
deposit accounts. Any distribution of cash pursuant to Section 3 hereof shall include the interest earned on the applicable Escrowed
Cash Consideration.

 

(c) At the Closing, Foresight,
at the direction of the Blocker Sellers, shall deposit with Escrow Agent such shares of Class A Common Stock as listed on Schedule
C hereto (the “Escrowed Class A Shares”).

 

(d) Escrow Agent will
hold the Escrowed Consideration and the Escrowed Class A Shares in one or more accounts (together, the “Fund”). Any dividends
or other distributions (other than tax distributions) made on account of securities held in the Fund shall be made into, and thereafter
constitute a portion of, the Fund. Any dividends or other distributions (other than tax distributions) made on account of the equity portion
of the PO Dispute Escrowed Consideration shall be considered a part of the PO Dispute Escrowed Consideration. Any dividends or other distributions
(other than tax distributions) made on account of the equity portion of the Cash Dispute Escrowed Consideration shall be considered a
part of the Cash Dispute Escrowed Consideration. Any dividends or other distributions made on account of the Escrowed Class A Shares
shall be considered a part of the Escrowed Class A Shares.

 

(e)  Escrow Agent will
not provide supervision, recommendations or advice relating to either the investment of moneys held in the Fund or the purchase, sale,
retention or other disposition of any investment described herein, and each Party acknowledges that it was not offered any investment,
tax or accounting advice or recommendation by Escrow Agent with regard to any investment and has made an independent assessment of the
suitability and appropriateness of any investment selected hereunder for purposes of this Agreement. Escrow Agent shall not have any liability
for any loss sustained as a result of any investment made pursuant to the terms of this Agreement or as a result of any liquidation of
any investment prior to its maturity or for the failure of an Authorized Representative of the Parties to give Escrow Agent instructions
to invest or reinvest the Fund. Escrow Agent shall have the right to liquidate any investments held in order to provide funds necessary
to make required payments under this Agreement.

 

(f)  The Parties hereby
represent to Escrow Agent that no tax withholding or information reporting of any kind is required by Escrow Agent.

 

(g)  The Parties hereby
authorize the Unitholder Representatives to direct the voting power of any of the securities in the Fund, as applicable, on any matter
put to a vote of the applicable securityholders in accordance with the proportional vote totals that such matter received by all voting
securities other than those in the Fund.

 

3.             Disposition
and Termination.

 

(a) Escrow Agent shall
release all or a portion of the Fund in accordance with a joint written instruction in the form of Exhibit A annexed hereto.

 

(b) Escrow Agent will
release the PO Dispute Escrowed Consideration and the Escrowed Class A Shares in accordance with this Section 3(b) following
receipt of evidence of a final, non-appealable court order or arbitration award confirmed by a final, non-appealable court order (in each
case, the “PO Court Order”) regarding the PO Dispute that definitively determines whether the Purchase Option was validly
exercised by the Class D Member (such evidence being accompanied by a written certification from counsel for the Unitholder Representatives
or the Class D Member attesting that such order or award is final and not subject to further proceedings or appeal) (the “PO
Resolution”), based on and subject to the following:

 

		1.	If (a) the PO Resolution is that the Class D Member has validly exercised or has the right to
validly exercise the Purchase Option in full, (b) Escrow Agent receives the PO Court Order verifying that the Class D Member
has validly exercised the Purchase Option in full within 5 Business Days of the PO Court Order and (c) Escrow Agent receives written
instructions from the Class D Member to release the PO Dispute Escrowed Consideration pursuant to this Section 3(b)(1) within
5 Business Days of the PO Court Order, then (i) the Escrowed Class A Shares shall be released to Foresight to be cancelled and
retired for no consideration, and (ii) the PO Dispute Escrowed Consideration shall be released as described on Schedule D
and Foresight shall issue to the Class D Member the additional Class V Shares specified on Schedule D (the “Supplemental
Class V Shares”).

 

    2

     

    

 

		2.	If (a) the PO Resolution is that the Class D Member has validly exercised or has the right to
validly exercise the Purchase Option in full or in part, but (b) either (x) Escrow Agent does not receive the
PO Court Order verifying that the Class D Member has validly exercised the Purchase Option in full or in part within 5 Business Days
of the PO Court Order or (y) Escrow Agent does not receive written instructions from the Class D Member to release
the PO Dispute Escrowed Consideration pursuant to Section 3(b)(1) or Section 3(b)(3), as applicable, within 5 Business
Days of the PO Court Order, then upon receipt of joint written instructions from the Unitholder Representatives and the Class D Member
to release the PO Dispute Escrowed Consideration and the Escrowed Class A Shares pursuant to this Section 3(b)(2), the PO Dispute
Escrowed Consideration and the Escrowed Class A Shares shall be released as described on Schedule E.

 

		3.	If (a) the PO Resolution is that the Class D Member has validly exercised or has the right to
validly exercise the Purchase Option in part, (b) Escrow Agent receives the PO Court Order verifying that the Class D Member
has validly exercised the Purchase Option in part within 5 Business Days of the PO Court Order and (c) Escrow Agent receives joint
written instructions from the Unitholder Representatives and the Class D Member to release the PO Dispute Escrowed Consideration
and the Class A Shares in the Fund pursuant to this Section 3(b)(3) in accordance with a schedule set forth in such joint
written instructions, then the PO Dispute Escrowed Consideration and the Escrowed Class A Shares shall be released in accordance
with such joint written instructions.

 

		4.	If (a) the PO Resolution is that the Class D Member has not validly exercised the Purchase Option
or does not enable the Purchase Option to be validly exercised in full or in part by the Class D Member and (b) Escrow Agent
receives either (i) the PO Court Order verifying that the Class D Member has not validly exercised the Purchase Option or (ii) joint
written instructions from the Unitholder Representatives and the Class D Member to release the PO Dispute Escrowed Consideration
and the Escrowed Class A Shares pursuant to this Section 3(b)(4), then the PO Dispute Escrowed Consideration and the Escrowed
Class A Shares shall be released as described on Schedule E.

 

(c) Escrow Agent will
release the Cash Dispute Escrowed Consideration in accordance with this Section 3(c) following receipt of evidence of a final,
non-appealable court order or arbitration award confirmed by a final, non-appealable court order (in each case, the “Cash Court
Order”) regarding the Cash Dispute that definitively determines whether the Class D Member is entitled to all of the Company
Closing Cash Consideration (as defined in the Merger Agreement) in the Cash Dispute Escrowed Consideration (the “Cash Resolution”),
based on and subject to the following:

 

		1.	If (a) the Cash Resolution is that the Class D Member is entitled to all of the Company Closing
Cash Consideration in the Cash Dispute Escrowed Consideration, and (b) Escrow Agent receives the Cash Court Order verifying that
the Class D Member is entitled to all of the Company Closing Cash Consideration in the Cash Dispute Escrowed Consideration, then
the Cash Dispute Escrowed Consideration shall be released as described on Schedule F and Foresight shall issue Class A Shares
as described on Schedule F.

 

		2.	If (a) the Cash Resolution is that the Class D Member is not entitled to all of the Company
Closing Cash Consideration in the Cash Dispute Escrowed Consideration and (b) Escrow Agent receives the Cash Court Order verifying
that the Class D Member is not entitled to all of the Company Closing Cash Consideration in the Cash Dispute Escrowed Consideration,
then the Cash Dispute Escrowed Consideration shall be released as described on Schedule G.

 

(d)  Notwithstanding
anything to the contrary, any instructions in any way related to the transfer or distribution of the Fund must, in order to be deemed
delivered and effective, be in writing and executed by the appropriate Party or Parties as evidenced by the signatures of the person or
persons signing this Agreement or one of the designated persons as set forth on the Designation of Authorized Representatives to be completed
by the Parties after the date hereof and, once completed, attached hereto as Schedule 1-A, 1-B, 1-C and 1-D (each an “Authorized
Representative”), and delivered by electronic mail to Escrow Agent only by email addresses set forth in Section 8 below, provided
written confirmation of receipt is obtained as a Portable Document Format (“PDF”) attached to an email only at the email address
set forth in Section 8 below. Escrow Agent shall not be liable to any Party or other person for refraining from acting upon any instruction
for or related to the transfer or distribution of the Fund that does not satisfy the requirements herein. Escrow Agent may rely and act
upon the confirmation of anyone purporting to be an Authorized Representative in connection with any of Escrow Agent’s verifying
call-backs or email confirmations. Notwithstanding anything to the contrary, the Parties acknowledge and agree that Escrow Agent (i) shall
have no obligation to take any action in connection with this Agreement on a non-Business Day and any action Escrow Agent may otherwise
be required to perform on a non-Business Day may be performed by Escrow Agent on the following Business Day and (ii) may not transfer
or distribute the Fund until Escrow Agent has completed its security procedures.

 

    3

     

    

 

(e) The
Parties intend that (i) the distribution procedures described in Section 3(b) relating to the release of any PO Dispute
Escrowed Consideration to the Class D Member are for administrative convenience only and that any such distribution shall be deemed
to have occurred, including for U.S. federal and applicable state tax purposes, as follows: (A) the P3 Sellers (other than the Blocker
Sellers) return the PO Dispute Escrowed Consideration, through the Escrow Agent, to P3 LLC; (B) the P3 Sellers (other than the Blocker
Sellers) return the Class V Shares in the PO Dispute Escrowed Consideration, through the Escrow Agent, to Foresight; (C) the
Blocker Sellers return the Escrowed Class A Shares, through the Escrow Agent, to Foresight; (D) Foresight issues the
Class V Shares in the PO Dispute Escrowed Consideration and the Supplemental Class V Shares to the Class D Member in exchange
for the applicable purchase price therefor; and (E) P3 LLC pays or delivers the PO Dispute Escrowed Consideration (other than such
consideration referenced in clause (i)(D) above) to the Class D Member and (ii) the distribution procedures described Section 3(c)(1) shall
be treated for U.S. federal and applicable state tax purposes, as follows: (A) the Class D Member shall have received the Company
Closing Cash Consideration in the Cash Dispute Escrowed Consideration as Company Closing Cash Consideration in the P3 Merger in exchange
for the units of P3 LLC and Class V Shares deposited as Cash Dispute Escrow Consideration by the Class D Member, (B) the
P3 Sellers (other than the Blocker Sellers) who deposited into escrow the Company Closing Cash Consideration in the Cash Dispute Escrowed
Consideration and receive units of P3 LLC and Class V Shares pursuant to Section 3(c)(1) shall be treated as not having
sold a corresponding amount of units of P3 LLC to Foresight in the P3 Merger and, therefore, as not having received such Company Closing
Cash Consideration in the P3 Merger and (C) the Blocker Sellers shall be treated as receiving the Class A Shares listed on Schedule
F as an adjustment to the Blocker Merger Consideration.

 

(f)  Each Party authorizes
Escrow Agent to use the funds transfer instructions (“Standing Instructions”) specified for it in Schedule 3 attached
hereto (as may be supplemented from time to time as described below) to disburse any funds due to such Party, without a verifying call-back
or email confirmation as set forth below.

 

(g)  If any funds transfer
instructions other than Standing Instructions are set forth in a permitted instruction from a Party or the Parties in accordance with
this Agreement, Escrow Agent may confirm such funds transfer instructions by a telephone call-back or email confirmation to an Authorized
Representative of such Party or Parties and thereafter, such funds transfer instructions shall also be considered the applicable Party’s
Standing Instructions hereunder. To the extent a call-back or email confirmation is undertaken, no funds will be disbursed until such
confirmation occurs. If multiple disbursements are provided for under this Agreement pursuant to any Standing Instructions, only the date,
amount and/or description of payments may change without requiring a telephone call-back or email confirmation.

 

(h)  The persons designated
as Authorized Representatives and telephone numbers and email addresses for same may be changed only in a writing executed by an Authorized
Representative or other duly authorized person of the applicable Party setting forth such changes and actually received by Escrow Agent
as a PDF attached to an email. Escrow Agent may confirm any such change in Authorized Representatives by a telephone call-back or email
confirmation according to its security procedures.

 

(i)  Escrow Agent and
other financial institutions, including any intermediary bank and the beneficiary’s bank, may rely upon the identifying number of
the beneficiary, the beneficiary’s bank or any intermediary bank included in a funds transfer instruction, even if it identifies
a person different from the beneficiary, the beneficiary’s bank or intermediary bank identified by name.

 

(j)  As used in this
Section 3, “Business Day” shall mean any day other than a Saturday, Sunday or any other day on which Escrow Agent located
at the notice address set forth below is authorized or required by law or executive order to remain closed. The Parties acknowledge that
the security procedures set forth in this Section 3 are commercially reasonable. Upon delivery of the Fund in full by Escrow Agent,
this Agreement shall terminate, and all the related account(s) shall be closed, subject to the provisions of Sections 6 and 7.

 

(k)  Notwithstanding anything to the contrary
contained in this Agreement, in the event that an electronic signature is affixed to an instruction issued hereunder to disburse or transfer
funds, such instruction may be confirmed by a verifying call-back (or email confirmation) to an Authorized Representative.

 

    4

     

    

 

4.             Escrow
Agent. Escrow Agent shall have only those duties as are specifically and expressly provided herein, which shall be deemed purely ministerial
in nature, and no other duties, including but not limited to any fiduciary duty, shall be implied. Notwithstanding anything to the contrary,
Escrow Agent has no knowledge of, nor any obligation to comply with, the terms and conditions of any other agreement, Escrow Agent shall
not be responsible for determining the meaning of any capitalized term not entirely defined herein, nor shall Escrow Agent be required
to determine if any Party has complied with any other agreement. Notwithstanding the terms of any other agreement, the terms and conditions
of this Agreement shall control the actions of Escrow Agent. Escrow Agent may conclusively rely upon any written notice, document, instruction
or request delivered by the Parties believed by it to be genuine and to have been signed by an Authorized Representative(s), as applicable,
without inquiry and without requiring substantiating evidence of any kind and Escrow Agent shall be under no duty to inquire into or investigate
the validity, accuracy or content of any such document, notice, instruction or request. Any notice, document, instruction or request delivered
by a Party but not required under this Agreement may be disregarded by Escrow Agent. ESCROW AGENT SHALL NOT BE LIABLE FOR ANY ACTION TAKEN,
SUFFERED OR OMITTED TO BE TAKEN BY IT IN GOOD FAITH EXCEPT TO THE EXTENT THAT ESCROW AGENT’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT
WAS THE CAUSE OF ANY DIRECT LOSS TO EITHER PARTY. Escrow Agent may execute any of its powers and perform any of its duties hereunder directly
or through affiliates or agents. In the event Escrow Agent shall be uncertain, or believes there is some ambiguity, as to its duties or
rights hereunder or receives instructions, claims or demands from any Party hereto which in Escrow Agent’s judgment conflict with
the provisions of this Agreement, or if Escrow Agent receives conflicting instructions from the Parties, Escrow Agent shall have no duty
to solicit any payments which may be due it or the Fund, including, without limitation, the Escrow Deposit nor shall Escrow Agent have
any duty or obligation to confirm or verify the accuracy or correctness of any amounts deposited with it hereunder. The Parties grant
to Escrow Agent a lien and security interest in the Fund in order to secure any indemnification obligations of the Parties or obligation
for fees or expenses owed to Escrow Agent hereunder. ANYTHING IN THIS AGREEMENT TO THE CONTRARY NOTWITHSTANDING, IN NO EVENT SHALL
ESCROW AGENT BE LIABLE FOR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL LOSS OR DAMAGE OF ANY KIND WHATSOEVER (INCLUDING
BUT NOT LIMITED TO LOST PROFITS), EVEN IF ESCROW AGENT HAS BEEN ADVISED OF THE LIKELIHOOD OF SUCH LOSS OR DAMAGE AND REGARDLESS OF THE
FORM OF ACTION.

 

5.             Succession.
Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving no less than thirty (30) days advance notice
in writing of such resignation to the Parties or may be removed, with or without cause, by the Parties at any time after giving not less
than thirty (30) days advance joint written notice to Escrow Agent. Escrow Agent’s sole responsibility after such thirty (30) day
notice period expires shall be to hold the Fund and to deliver the same to a designated substitute escrow agent, if any, appointed by
the Parties, or such other person designated by the Parties, or in accordance with the directions of a final court order, at which time
of delivery, Escrow Agent’s obligations hereunder shall cease and terminate. If prior to the effective resignation or removal date,
the Parties have failed to appoint a successor escrow agent, or to instruct Escrow Agent to deliver the Fund to another person as provided
above, or if such delivery is contrary to applicable law, at any time on or after the effective resignation date, Escrow Agent may either
(a)  interplead the Fund with a court located in the State of Delaware and the costs, expenses and reasonable attorney’s fees
which are incurred in connection with such proceeding may be charged against and withdrawn from the Fund; or (b) appoint a successor
escrow agent of its own choice. Any appointment of a successor escrow agent shall be binding upon the Parties and no appointed successor
escrow agent shall be deemed to be an agent of Escrow Agent. Escrow Agent shall deliver the Fund to any appointed successor escrow agent,
at which time Escrow Agent’s obligations under this Agreement shall cease and terminate. Any entity into which Escrow Agent may
be merged or converted or with which it may be consolidated, or any entity to which all or substantially all the escrow business may be
transferred, shall be Escrow Agent under this Agreement without further act.

 

6.             Compensation;
Acknowledgment. P3 LLC agrees to pay Escrow Agent upon execution of this Agreement and from time to time thereafter reasonable compensation
for the services to be rendered hereunder, which unless otherwise agreed in writing, shall be as described in Schedule 2. Each
of the Parties further agrees to the disclosures and agreements set forth in Schedule 2.

 

7.             Indemnification
and Reimbursement. P3 LLC agrees to indemnify, defend, hold harmless, pay or reimburse Escrow Agent and its affiliates and their respective
successors, assigns, directors, agents and employees (the “Indemnitees”) from and against any and all losses, damages, claims,
liabilities, taxes (other than taxes on income earned by an Indemnitee in connection herewith), costs or expenses (including attorney’s
fees) (collectively “Losses”), resulting directly or indirectly from (a) Escrow Agent’s performance of this Agreement,
except to the extent that such Losses are determined by a court of competent jurisdiction to have been caused by the gross negligence,
willful misconduct, or bad faith of such Indemnitee; and (b) Escrow Agent’s following, accepting or acting upon any instructions
or directions, whether joint or singular, from the Parties received in accordance with this Agreement. The Parties hereby grant Escrow
Agent a right of set-off against the Fund for the payment of any claim for indemnification, fees, expenses and amounts due to Escrow Agent
or an Indemnitee. The obligations set forth in this Section 7 shall survive the resignation, replacement or removal of Escrow Agent
or the termination of this Agreement.

 

    5

     

    

 

8.             Notices.
Except as otherwise provided in Section 3, all communications hereunder shall be in writing or set forth in a PDF attached to an
email, and shall be delivered by facsimile, email or overnight courier only to the appropriate fax number, email address, or notice address
set forth for each party as follows:

 

If to the Company, P3 LLC
or the Unitholder Representatives:

P3 Health Group
Holdings, LLC

2370 Corporate
Circle, Suite 300

Henderson, Nevada
89074

Attention: Jessica
Puathasnanon

Email Address: JPuathasnanon@p3hp.org

 

With
copies to:                             Latham &
Watkins LLP

1271 Avenue of the Americas

New York, New York
10020

Attention: Charles
K. Ruck, R. Scott Shean and Wesley C. Holmes

Email Address:
charles.ruck@lw.com; scott.shean@lw.com;

            wesley.holmes@lw.com

 

If
to Foresight:                              Foresight
Acquisition Corp.

233 N. Michigan Avenue, Suite 1410

Chicago, Illinois
60601

Attention: Michael
Balkin

Email Address: mbalkin@foresightacq.com

 

With
copies to:                             Greenberg
Traurig, LLP

77 West Wacker Drive, Suite 3100

Chicago, Illinois
60601

Attention: Todd
A. Mazur

Email Address: MazurT@gtlaw.com

 

If
to the Class D Member:           Hudson
Vegas Investment Manager, LLC

173 Bridge Plaza North

Fort Lee, NJ 17124

Attention: Thomas
A. McKinney, General Counsel

Email Address: TMcKinney@care-one.com

 

With
copies to:                             Craig
Caprenito

King &
Spalding LLP

1185 Avenue of the Americas

34th Floor

New York, NY 10036

Email Address: CCarpenito@KSLAW.com

 

Bruce Jameson

Prickett Jones & Elliott, P.A.

1310 N. King Street

Wilmington DE 19801

Email Address: bejameson@prickett.com

 

If
to Escrow Agent:                      PNC
Bank, N.A.

80 South 8th
Street, Suite 3715

Minneapolis,
MN 55402

Attention: Jamie
Roseberg

Email
Address: jamie.roseberg@pnc.com; pncpaidadmin@pnc.com

 

9.             Compliance
with Directives. In the event that a legal garnishment, attachment, levy, restraining notice, court order or other governmental order
(a “Directive”) is served with respect to any of the Fund, or the delivery thereof shall be stayed or enjoined by a Directive,
Escrow Agent is hereby expressly authorized, in its sole discretion, to obey and comply with all such Directives so entered or issued,
and in the event that Escrow Agent obeys or complies with any such Directive it shall not be liable to any of the Parties hereto or to
any other person by reason of such compliance notwithstanding such Directive be subsequently reversed, modified, annulled, set aside or
vacated.

 

    6

     

    

 

10.           Miscellaneous.
(a)  The provisions of this Agreement may be waived, altered, amended or supplemented only by a writing signed by Escrow Agent and
the Parties. Neither this Agreement nor any right or interest hereunder may be assigned by any Party without the prior consent of Escrow
Agent and the other Party and any assignment in violation of this Agreement shall be ineffective and void. Notwithstanding the foregoing,
if there is a change in a unitholder representative designated in the Unitholder Representative Agreement, the Parties and Escrow Agent
shall take such actions as are necessary, including executing any amendments to this Agreement and the Exhibits and Schedules hereto,
such that the then current unitholder representatives under the Unitholder Representative Agreement are, and have all the requisite powers
and responsibilities of, the Unitholder Representatives hereunder. This Agreement shall be governed by and construed under the laws of
the State of Delaware. Each Party and Escrow Agent irrevocably waives any objection on the grounds of venue, forum non-conveniens or any
similar grounds and irrevocably consents to service of process by mail or in any other manner permitted by applicable law and consents
to the jurisdiction of the courts located in the State of Delaware. To the extent that in any jurisdiction either Party may now or hereafter
be entitled to claim for itself or its assets, immunity from suit, execution, attachment (before or after judgment) or other legal process
or immunity from liability, such Party shall not claim, and hereby irrevocably waives, such immunity. Escrow Agent and the Parties further
hereby knowingly, voluntarily and intentionally irrevocably waive, to the fullest extent permitted by applicable law, any right to a trial
by jury with respect to any lawsuit or judicial proceeding arising or relating to this Agreement.

 

(b)  No party to this Agreement is liable
to any other party for losses due to, or if it is unable to perform its obligations under the terms of this Agreement because of, acts
of God, fire, war, terrorism, floods, strikes, public health emergencies, electrical outages, equipment or transmission failure, or other
causes reasonably beyond its control. This Agreement and any joint instructions from the Parties may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument or instruction, as applicable.
This Agreement may be executed and transmitted by facsimile or as a PDF attached to an email and each such execution shall be of the same
legal effect, validity and enforceability as a manually executed original, wet-inked signature. All signatures of the parties to this
Agreement may be transmitted as a PDF attached to an email, and such facsimile or PDF will, for all purposes, be deemed to be the original
signature of such party whose signature it reproduces, and will be binding upon such party. If any provision of this Agreement is determined
to be prohibited or unenforceable by reason of any applicable law of a jurisdiction, then such provision shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions thereof, and any such
prohibition or unenforceability in such jurisdiction shall not invalidate or render unenforceable such provisions in any other jurisdiction.
The Parties each represent, warrant and covenant that (i) each document, notice, instruction or request provided by such Party to
Escrow Agent shall comply with applicable laws and regulations; (ii) such Party has full power and authority to enter into this Agreement
and to perform all of the duties and obligations to be performed by it hereunder; and (iii) the person(s) executing this Agreement
on such Party’s behalf and certifying Authorized Representatives in the applicable Schedule 1 has been duly and properly
authorized to do so, and each Authorized Representative of such Party has been duly and properly authorized to take actions specified
for such person in the applicable Schedule 1. Except as expressly provided in Section 7 above, nothing in this Agreement,
whether express or implied, shall be construed to give to any person or entity other than Escrow Agent and the Parties any legal or equitable
right, remedy, interest or claim under or in respect of the Fund or this Agreement.

 

    7

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth above.

 

	COMPANY	 	ESCROW AGENT
	P3 Health Group Holdings LLC	 	PNC Bank, N.A.

 

	By:	/s/ Sherif Abdou	 	By:	/s/ Jamie Roseberg
	Name:	Sherif Abdou	 	Name:	Jamie Roseberg
	Title:	Chief Executive Officer	 	Title:	Vice President

 

FORESIGHT

Foresight Acquisition
Corp.

 

	By:	/s/ Michael Balkin	 
	Name:	Michael Balkin	 
	Title:	Chief Executive Officer	 

 

P3 LLC

FAC Merger Sub
LLC

 

	By:	/s/ Michael Balkin	 
	Name:	Michael Balkin	 
	Title:	Manager	 

 

CLASS D MEMBER

Hudson Vegas
Investment SPV, LLC

 

	By:	/s/ Joseph Straus	 
	Name:	Joseph
Straus	 
	Title:	 	 

 

UNITHOLDER
REPRESENTATIVES

 

	By:	/s/ Sherif Abdou	 
	Name:	Sherif Abdou	 
	 	 	 
	By:	/s/ Mary Tolan	 
	Name:	Mary Tolan	 

 

    8Exhibit 4.1

 

NUMBER UNITS

U-___________

 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP ___________

 

GOLDEN STAR ACQUISITION CORPORATION

 

UNITS CONSISTING OF ONE SHARE OF ORDINARY
SHARE, ONE-HALF OF ONE

REDEEMABLE WARRANT AND ONE RIGHT

 

THIS CERTIFIES THAT                         is
the owner of              Units.

 

Each Unit of Golden Star Acquisition Corporation,
Cayman Islands exempt company (the “Company”) (“Unit”) consists of one (1) ordinary share,
par value $0.001 per share (“Ordinary Share”), one redeemable warrant (each whole warrant, a “Warrant”)
and one (1) right (“Right”). Each whole Warrant entitles the holder to purchase one-half of one (1) Ordinary
Share (subject to adjustment) for $11.50 per share (subject to adjustment). Only whole warrants are exercisable. Each Right entitles
the holder to receive one-tenth (1/10) of one Ordinary Share. Each Warrant will become exercisable on the later of (i) the Company’s
completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination
with one or more businesses (each a “Business Combination”), and (ii) twelve (12) months from the effective
date of the registration statement on Form S-1, File No. 333-_______, and will expire unless exercised before 5:00 p.m., New York
City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination, or
earlier upon redemption or liquidation. The Ordinary Shares, Warrants and Rights comprising the Units represented by this certificate
are not transferable separately prior to [ ], 2021, unless Ladenburg Thalmann & Co., Inc. elects to allow earlier separate
trading, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing
an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the offering and issuing of a press release
announcing when separate trading will begin. The terms of the Warrants and Rights are governed by a Warrant Agreement dated as
of            , 2021, and a Rights Agreement dated as of            ,
2021, between the Company and VStock Transfer LLC, as Warrant Agent and Right Agent, respectively, and are subject to the terms
and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof.
Copies of the Warrant Agreement and the Rights Agreement are on file at the office of the Warrant Agent and Right Agent at _______________________________________,
and are available to any Warrant holder and Right holder on written request and without cost.

 

This certificate is not valid unless countersigned
by the Transfer Agent and Registrar of the Company.

 

This certificate shall be governed by and
construed in accordance with the internal laws of the Cayman Islands.

 

Witness the facsimile signature of its duly
authorized officers.

 

	Secretary	 	Chief Executive Officer
	 	 	 
	 	 	 

 

     

     

    

 

GOLDEN STAR ACQUISITION CORPORATION

 

The Company will furnish without charge
to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of shares or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights.

 

The following abbreviations, when used in
the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:

 

	TEN
    COM	—	as
    tenants in common	 	UNIF
    GIFT MIN ACT	—	 	Custodian	 
	 	 	 	 	 	 	(Cust)	 	(Minor)
	TEN
    ENT	—	as
    tenants by the entireties	 	 	 		 	
	 	 	 	 	 	 	Under
    Uniform Gifts to Minors Act
	JT
    TEN	—	as
    joint tenants with right of survivorship and not as tenants in common	 	 	 	
	 	 	 	 	 	 	(State)

 

Additional abbreviations may also be used
though not in the above list.

 

Additional abbreviations may also be used
though not in the above list.

 

For value received,               hereby
sell, assign and transfer unto

 

	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE	 
	 	 
	 	 
	 	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE):
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

 

________ Units represented by the within Certificate, and
do hereby irrevocably constitute and appoint

 

____________________________ Attorney to transfer the said Units
on the books of the within named Company with full power of substitution in the premises.

 

Dated: ___________________________

 

Notice: The signature to this assignment must correspond
with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change
whatever.

 

Signature(s) Guaranteed:

 

	 	 

 

THE SIGNATURE(S)
MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS
WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE UNDER THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED).

 

    2

     

    

 

In each case, as more fully described in the Company’s
final prospectus dated            , 2021, the holder(s) of this certificate
shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with the Company’s
initial public offering only in the event that (i) the Company redeems the Ordinary Shares sold in its initial public offering
and liquidates because it does not consummate an initial business combination by            ,
202_, (ii) the Company redeems Ordinary Shares sold in its initial public offering in connection with a shareholder vote to amend
the Company’s amended and restated memorandum and articles of association to modify the substance or timing of the Company’s
obligation to redeem 100% of the Ordinary Share if it does not consummate an initial business combination by ______________, 202_,
or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective Ordinary Shares in connection with a tender offer
(or proxy solicitation, solely in the event the Company seeks shareholder approval of the proposed initial business combination)
setting forth the details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right
or interest of any kind in or to the trust account.

 

    3

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