Document:

Exhibit 10.10

 

FORWARD
PURCHASE AGREEMENT

 

This Forward
Purchase Agreement (this “Agreement”) is entered into as of January 4, 2021, between Primavera Capital Acquisition
Corporation, a Cayman Islands exempted company (the “Company”), Primavera Capital Acquisition LLC, a Cayman
Islands limited liability company (the “Sponsor”) and the party listed as the purchaser on the signature page
hereof (the “Purchaser”).

 

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 (a “Business Combination”);

 

WHEREAS, the
Company has confidentially submitted to the U.S. Securities and Exchange Commission (the “SEC”) a draft registration
statement on Form S-1 (the “Registration Statement”) for its initial public offering (“IPO”)
of 30,000,000 units (or 34,500,000 units in the aggregate if the underwriters’ over-allotment is exercised in full) (the
“Public Units”) at a price of $10.00 per Public Unit, each comprised of one Class A ordinary share of the Company,
par value $0.0001 per share (the “Class A Share(s)”), 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 (the “Warrant(s)”);

 

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

 

WHEREAS, the
parties wish to enter into this Agreement, pursuant to which (i) immediately prior to the closing of the Company’s initial
Business Combination (the “Business Combination Closing”), the Company shall issue and sell, and the Purchaser
shall purchase, on a private placement basis, the number of Class A Shares determined pursuant to Section 1(a)(i) hereof (the
“Forward Purchase Shares”) and the applicable number of Warrants determined pursuant to Section 1(a)(i) hereof,
with one Warrant being issuable to the Purchaser per each increment of four Forward Purchase Shares actually issued and sold to
the Purchaser hereunder (the “Forward Purchase Warrant(s)” and together with the Forward Purchase Shares, the
“Forward Purchase Units”) and (ii) concurrently herewith, the Sponsor will transfer to the Purchaser, on a
private placement basis, Class B ordinary shares of the Company, par value $0.0001 per share (the “Class B Share(s)”),
in an amount equal to the Class B Shares Transfer Amount determined pursuant to Section ‎1(b) hereof, in each case on the
terms and conditions set forth herein;

 

WHEREAS, the
Class B Shares are automatically convertible into Class A Shares following the Business Combination Closing on the terms and conditions
set forth in the Company’s memorandum and articles of association, as it may be amended from time to time (the “Charter”);
and

 

     

    	 

    

WHEREAS, the
Company has entered, or intends concurrently with this entry into this Agreement to enter, into one or more agreements (collectively,
the “Forward Contracts”) substantially in the form of this Agreement with other third parties (together with
the Purchaser, the “Forward Contract Parties” and each, a “Forward Contract Party”) for
the purchase of Class A Shares and Warrants upon the Business Combination Closing (all Class A Shares to be purchased pursuant
to such Forward Contracts, together with the Forward Purchase Shares, collectively, the “Total Forward Purchase Shares”),
and for the transfer by the Sponsor to such third parties of Class B Shares upon execution of such Forward Contracts.

 

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 agree
as follows:

 

Agreement

 

1.  Sale
and Purchase.

 

(a)  Forward
Purchase Units.

 

(i)  The
Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, the number of Forward Purchase
Shares set forth on the signature page to this Agreement next to the line item “Number of Forward Purchase Shares,”
plus the number of Forward Purchase Warrants set forth on the signature page to this Agreement next to the line item “Number
of Forward Purchase Warrants,” for an aggregate purchase price of $10.00 multiplied by the number of Forward Purchase Units
issued and sold hereunder (the “FPU Purchase Price”). No fractional Forward Purchase Warrants will be issued.

 

(ii)  Each
Forward Purchase Warrant will have the same terms as each Warrant sold as part of the Public Units in the IPO (“Public
Warrants”) and will be subject to the terms and conditions of the Warrant Agreement to be entered into between the Company
and Continental Stock Transfer & Trust Company, as Warrant Agent, in connection with the IPO (the “Warrant Agreement”).
Each Forward Purchase Warrant will entitle the holder thereof to purchase one Class A Share at a price of $11.50 per share, subject
to adjustment as described in the Warrant Agreement, and only whole Forward Purchase Warrants will be exercisable. The Forward
Purchase Warrants will become exercisable on the later of thirty (30) days after the Business Combination Closing and twelve (12)
months from the closing of the IPO, and will expire at 5:00 p.m., New York City time, five (5) years after the Business Combination
Closing or earlier upon redemption or the liquidation of the Company, as described in the Warrant Agreement.

 

    2 

    	 

    

(iii)  The
Company shall require the Purchaser to purchase the Forward Purchase Shares and the Forward Purchase Warrants pursuant to Section
1(a)(i) hereof by delivering notice to the Purchaser, at least ten (10) Business Days before the funding of the FPU Purchase Price
to the Escrow Account (as defined below), specifying the number of Forward Purchase Shares and Forward Purchase Warrants the Purchaser
is required to purchase, the anticipated date of the Business Combination Closing, the aggregate FPU Purchase Price and instructions
for wiring the FPU Purchase Price to an account of a third-party escrow agent (the “Escrow Account”) which
shall be the Company’s transfer agent (the “Escrow Agent”) pursuant to an escrow agreement between the
Company and the Escrow Agent (the “Escrow Agreement”). At least two (2) Business Days before the anticipated
date of the Business Combination Closing specified in such notice, the Purchaser shall deliver the FPU Purchase Price in cash
via wire transfer to the account specified in such notice, to be held in escrow pending the Business Combination Closing. If the
Business Combination Closing does not occur within thirty (30) days after the Purchaser delivers the FPU Purchase Price to the
Escrow Agent, the Escrow Agreement will provide that the Escrow Agent shall automatically return to the Purchaser the FPU Purchase
Price, provided that the return of the FPU Purchase Price placed in escrow shall not terminate the Agreement or otherwise relieve
either party of any of its obligations hereunder. 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, New York, or Hong Kong.

 

(iv)  The
closing of the sale of the Forward Purchase Units (the “FPU Closing”) shall be held on the same date and immediately
prior to the Business Combination Closing (such date being referred to as the “Closing Date”). At the FPU Closing,
the Company will issue to the Purchaser the Forward Purchase Units, each registered in the name of the Purchaser, against (and
concurrently with) release of the FPU Purchase Price by the Escrow Agent to the Company.

 

(b)  Class
B Shares. In consideration of the Purchaser’s agreement to purchase Forward Purchase Units, the Sponsor shall transfer
to the Purchaser the number of Class B Shares set forth on the signature page to this Agreement next to the line item “Class
B Shares Transfer Amount,” which shall be calculated in accordance with the definition of Class B Shares Transfer Amount
set forth on the signature page to this Agreement. The Class B Shares received by the Purchaser hereunder are subject to forfeiture
in accordance with Section 6(b) hereof. The transfer of the Class B Shares (the “Class B Share Transfer”) to
the Purchaser shall take place concurrently with the execution of this Agreement.

 

(c)  Delivery
of Securities.

 

    3 

    	 

    

(i)  The
Company shall register the Purchaser as the owner of the Forward Purchase Units purchased, and the Class B Shares received, by
the Purchaser hereunder (individually or collectively, the “Securities”) in the register of members of the
Company and 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 date of the FPU Closing and the Class B Share Transfer, respectively.

 

(ii)  Each
register and book entry for the Securities shall contain a notation, and each certificate (if any) evidencing the 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.”

 

(iii)  Each
register and book entry for the Class B Shares transferred to the Purchaser shall contain a notation, and each certificate (if
any) evidencing such Class B Shares shall be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE SALE, PLEDGE,
HYPOTHECATION, OR TRANSFER OF THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN FORWARD PURCHASE
AGREEMENT BY AND AMONG THE HOLDER AND THE OTHER PARTIES THERETO. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST
TO THE SECRETARY OF THE COMPANY.”

 

(d)  Legend
Removal. Following the expiration of the transfer restrictions set forth in Section 6(a), if the 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 Securities (and the Purchaser provides the Company with a written undertaking
to sell its 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 the Purchaser’s request, the Company will cause the Company’s transfer agent to remove
the legend set forth in Section 1(c)(ii). In connection therewith, if required by the Company’s transfer agent, the Company
will promptly cause an

 

    4 

    	 

    

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 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 Securities
in violation of applicable law.

 

(e)  Registration
Rights. The Purchaser shall have registration rights as set forth on Exhibit A (the “Registration Rights”).

 

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

 

(a)  Organization
and Power. If an entity, the Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction
of its formation (if the concept of “good standing” is a recognized concept in such jurisdiction) and has all requisite
power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b)  Authorization.
The Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Purchaser,
will constitute the valid and legally binding obligation of the Purchaser, enforceable 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 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 the Purchaser in connection with
the consummation of the transactions contemplated by this Agreement.

 

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

 

    5 

    	 

    

the
Purchaser or its ability to consummate the transactions contemplated by this Agreement.

 

(e)  Purchase
Entirely for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s representation
to the Company, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that the Securities
to be acquired by the Purchaser will be acquired for investment for the Purchaser’s own account, not as a nominee or agent,
and not with a view to the resale or distribution of any part thereof, and that the Purchaser has no present intention of selling,
granting any participation in, or otherwise distributing the same in violation of law. By executing this Agreement, the Purchaser
further represents that the 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 Securities. If the
Purchaser was formed for the specific purpose of acquiring the Securities, each of its equity owners is an accredited investor
as defined in Rule 501(a) of Regulation D promulgated under the Securities Act. 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. The Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs
and the terms and conditions of the offering of the Securities, as well as the terms of the Company’s proposed IPO, with
the Company’s management. The Purchaser has reviewed the “Summary,” “Risk Factors,” “Description
of Securities,” “Management” and “Certain Relationships and Related Party Transactions” sections
of the Registration Statement, dated July 24, 2020, which have been provided to the Purchaser.

 

(g)  Restricted
Securities. The Purchaser understands that the Securities have not been registered under the Securities Act, by reason of
a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide
nature of the investment intent and the accuracy of the Purchaser’s representations as expressed herein. The Purchaser understands
that the Securities are “restricted securities” under applicable U.S. federal and state securities laws and that,
pursuant to these laws, the Purchaser must hold the 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. The Purchaser acknowledges
that the Company has no obligation to register or qualify the Securities, or any Class A Shares into which they may be converted
into or exercised for, for resale, except for the Registration Rights. The 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 Securities, and on requirements relating to the Company which are outside
of the Purchaser’s control, and which the Company is

 

    6 

    	 

    

under
no obligation and may not be able to satisfy. The Purchaser acknowledges that the Company confidentially submitted the Registration
Statement for its proposed IPO to the SEC for review. The Purchaser understands that the offering to the Purchaser of the Securities
is not, and is not intended to be, part of the IPO, and that the Purchaser will not be able to rely on the protection of Section
11 of the Securities Act with respect to such Securities.

 

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

 

(i)  High
Degree of Risk. The Purchaser understands that its agreement to purchase the Securities involves a high degree of risk which
could cause the Purchaser to lose all or part of its investment, and that it will be contractually obligated to vote its Class
B Shares in favor of the Company’s initial Business Combination.

 

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

 

(k)  Foreign
Investors. If the Purchaser is not a United States person (as defined by Section 7701(a)(30) of the Code), the Purchaser hereby
represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation
to subscribe for the Securities or any use of this Agreement, including ix) the legal
requirements within its jurisdiction for the purchase of the Securities, x)
any foreign exchange restrictions applicable to such purchase, xi) any governmental
or other consents that may need to be obtained, and xii) the income tax and other
tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Securities. The
Purchaser’s subscription and payment for and continued beneficial ownership of the Securities will not violate any applicable
securities or other laws of the Purchaser’s jurisdiction.

 

(l)  No
General Solicitation. Neither the Purchaser, nor any of its officers, directors, employees, agents, stockholders or partners
has either directly or indirectly, including, through a broker or finder xiii) to
its knowledge, engaged in any general solicitation, or xiv) published any advertisement
in connection with the offer and sale of the Securities.

 

(m)  Residence.
If the Purchaser is an individual, then the Purchaser resides in the state or province identified in the address of the Purchaser
set forth on the signature page hereof; if the Purchaser is a partnership, corporation, limited liability company or other entity,
then its principal place of business is the office or offices located at the address or addresses of the Purchaser set forth on
the signature page hereof.

 

    7 

    	 

    

(n)  Non-Public
Information. The Purchaser acknowledges its obligations under applicable securities laws with respect to the treatment of
material non-public information relating to the Company

 

(o)  Adequacy
of Financing. The Purchaser has available to it sufficient funds to satisfy its obligations under this Agreement.

 

(p)  Affiliation
of Certain FINRA Members. The Purchaser is neither a person associated nor affiliated with Credit Suisse Securities (USA)
LLC or, to its actual knowledge, any other member of the Financial Industry Regulatory Authority (“FINRA”)
that is participating in the IPO.

 

(q)  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 Purchaser nor any person acting on behalf
of the Purchaser nor any of the Purchaser’s 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 Purchaser 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, the representations and warranties expressly made by the Sponsor in Section
4 of the 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, any person on behalf
of the Company or any of the Company’s affiliates (collectively, the “Company Parties”).

 

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

 

(a)  Incorporation
and Corporate Power. The Company is an exempted company 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.
The authorized share capital of the Company consists, immediately prior to the Class B Share Transfer, of:

 

(i)   400,000,000
Class A Shares, none of which are issued and outstanding.

 

(ii)  40,000,000
Class B Shares, 8,625,000 of which are issued and outstanding, 8,409,375 of which are held by the Sponsor (1,125,000 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) and 215,625 of which are held by certain of the Company’s independent

 

    8 

    	 

    

directors.
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)  Immediately
following the transfer of Class B Shares to the Forward Contract Parties, there will be a total of 1,000,000 Class B Shares held
by the Forward Contract Parties, 7,409,375] Class B Shares held by the Sponsor and 215,625 Class B Shares held by certain of the
Company’s independent directors.

 

(d)  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 Securities at the FPU Closing, and the securities issuable upon conversion
or exercise of the Securities, has been taken or will be taken prior to the FPU 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 FPU Closing, and the issuance and delivery of the Securities and
the securities issuable upon conversion or exercise of the Securities has been taken or will be taken prior to the FPU 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 xv) 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, xvi)
as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies, or xvii)
to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable federal
or state securities laws.

 

(e)  Valid
Issuance of Securities.

 

(i)  The
Securities, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement
and the Charter and registered in the register of members of the Company, and the securities issuable upon conversion or exercise
of the Securities, when issued in accordance with the terms of the Securities, the amended and restated memorandum and articles
of association and this Agreement, and registered in the register of members of the Company, will be validly issued, 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

 

    9 

    	 

    

imposed
by the Purchaser. Assuming the accuracy of the representations of the Purchaser in this Agreement and subject to the filings described
in Section 3(f) below, the Securities will be issued in compliance with all applicable federal and state securities laws.

 

(ii)  No
“bad actor” disqualifying event described in Rule 506(d)(1)(i)-(viii) of the Securities Act (a “Disqualification
Event”) is applicable to the Company or, to the Company’s knowledge, any Company Covered Person (as defined below),
except for a Disqualification Event as to which Rule 506(d)(2)(ii-iv) or (d)(3), is applicable. “Company Covered Person”
means, with respect to the Company as an “issuer” for purposes of Rule 506 promulgated under the Securities Act, any
Person listed in the first paragraph of Rule 506(d)(1).

 

(f)  Governmental
Consents and Filings. Assuming the accuracy of the representations and warranties made by the Purchaser 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 filings pursuant to Regulation D of the Securities Act, and applicable
state securities laws.

 

(g)  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 xviii)
of any provisions of its Charter or other governing documents, xix) of any instrument,
judgment, order, writ or decree to which it is a party or by which it is bound, xx)
under any note, indenture or mortgage to which it is a party or by which it is bound, xxi)
under any lease, agreement, contract or purchase order to which it is a party or by which it is bound or xxii)
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.

 

(h)  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 the Securities and securities in the IPO.

 

(i)  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 xxiii)
used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity;
xxiv) made any direct or indirect unlawful payment to any foreign or domestic government
official or employee from corporate funds; xxv) violated or is in violation of any
provision

 

    10 

    	 

    

of
the U.S. Foreign Corrupt Practices Act of 1977, as amended; or xxvi) made any unlawful
bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official or
employee.

 

(j)  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.

 

(k)  Economic
Sanctions. Neither the Company, nor any director, director nominee or officer or, to the knowledge of the Company, any agent
or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the
U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other,
to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not
directly or indirectly use the proceeds of the IPO, or lend, contribute or otherwise make available such proceeds to any subsidiary,
joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to
any sanctions administered by OFAC or other economic sanctions.

 

(l)  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.

 

(m)  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 xxvii) engaged in any
general solicitation, or xxviii) published any advertisement in connection with the
offer and sale of the Securities.

 

(n)  Issuance
Totals. Prior to or concurrently with the execution and delivery of this Agreement, the Company has or is entering into forward
purchase agreements providing for the transfer of an aggregate of 1,000,000 Class B Shares, and the purchase of an aggregate of
8,000,000 Forward Purchase Shares

 

    11 

    	 

    

and
2,000,000 Forward Purchase Warrants (in each case including the Class B Shares, Forward Purchase Shares and Forward Purchase Warrants
transferred, purchased or sold under this Agreement).

 

(o)  Full
Disclosure. On the date of any filing pursuant to Rule 424(b) under the Securities Act, the prospectus relating to the Public
Units will not include any untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading.

 

(p)  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, none of the Company Parties has made, makes or 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 Parties disclaim any such representation or warranty. Except for the
specific representations and warranties expressly made by the Purchaser in Section 2 of this Agreement and in any certificate
or agreement delivered pursuant hereto, the Company Parties specifically disclaim that they are relying upon any other representations
or warranties that may have been made by the Purchaser Parties.

 

4.  Representations
and Warranties of the Sponsor. The Sponsor represents and warrants to the Purchaser as follows:

 

(a)  Incorporation
and Corporate Power. The Sponsor is an exempted company 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.

 

(b)  Authorization.
All corporate action required to be taken by the Sponsor’s Board of Directors and shareholders in order to authorize the
Sponsor to enter into this Agreement, and to transfer the Class B Shares in accordance with this Agreement has been taken. All
action on the part of the shareholders, directors and officers of the Sponsor necessary for the execution and delivery of this
Agreement, the performance of all obligations of the Sponsor under this Agreement to be performed, and the transfer and delivery
of the Class B Shares has been taken. This Agreement, when executed and delivered by the Sponsor, shall constitute the valid and
legally binding obligation of the Sponsor, enforceable against the Sponsor in accordance with its terms except xxix)
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 or xxx)
as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

 

    12 

    	 

    

(c)  Title
to Securities. Immediately prior to the Class B Share Transfer, the Sponsor shall have good and valid title to the Class B
Shares to be transferred by it, free and clear of all liens, encumbrances, equities or claims, and, upon delivery of such Class
B Shares, good and valid title to such Class B Shares, free and clear of all liens, encumbrances, equities or claims, will pass
to the Purchaser.

 

5.  Right
of First Offer. Subject to the terms and conditions of this Section 5, if, in connection with or prior to the Business Combination
Closing, the Company proposes to raise additional capital by issuing any equity securities, or securities convertible into, exchangeable
or exercisable for equity securities, other than the Public Units (and their component Class A Shares (the “Public Shares”),
Public Warrants and the Class A Shares underlying the Public Warrants) and Excluded Securities (as defined below) (“New
Equity Securities”), the Company shall first make an offer of the applicable pro rata New Equity Securities to
the Purchaser in accordance with the following provisions of this Section 5:

 

(a)  Offer
Notice.

 

(i)  The
Company shall give written notice (the “Offering Notice”) to the Purchaser and the other Forward Contract Parties
stating its bona fide intention to offer the New Equity Securities and specifying the number of New Equity Securities and the
material terms and conditions, including the price, pursuant to which the Company proposes to offer the New Equity Securities
and the applicable pro rata share of such New Equity Securities offered to the Purchaser pursuant to such Offering Notice.

 

(ii)  The
Offering Notice shall constitute the Company’s offer to sell the applicable pro rata New Equity Securities to the
Purchaser and the other Forward Contract Parties, which offer shall be irrevocable for a period of five (5) Business Days (the
“ROFO Notice Period”).

 

(b)  Exercise
of Right of First Offer.

 

(i)  Upon
receipt of the Offering Notice, the Purchaser shall have until the end of the ROFO Notice Period to offer to purchase all or a
portion of its pro rata share of the New Equity Securities, based on the number of Forward Purchase Shares the Purchaser
has agreed to purchase hereunder out of the total number of Class A Shares that the Purchaser and other Forward Contract Parties
have agreed to purchase at the FPU Closing, by delivering a written notice (a “ROFO Offer Notice”) to the Company
stating that it offers to purchase such New Equity Securities on the terms specified in the Offering Notice. Any ROFO Offer Notice
so delivered shall be binding upon delivery and irrevocable by the Purchaser.

 

    13 

    	 

    

(ii)  If
the Purchaser does not deliver a ROFO Offer Notice during the ROFO Notice Period, the Purchaser shall be deemed to have waived
all of the Purchaser’s rights to purchase the New Equity Securities offered pursuant to the Offering Notice under this Section
4, and the Company shall thereafter be free to sell or enter into an agreement to sell the Purchaser’s pro rata portion
of such New Equity Securities to any third party (including any Forward Contract Parties) without any further obligation to the
Purchaser pursuant to this Section 5 within the ninety (90) day period thereafter (and with respect to an agreement to sell, consummate
such sale at any time thereafter) on terms and conditions not more favorable to the third party than those set forth in the Offering
Notice. If the Company does not sell or enter into an agreement to sell the Purchaser’s pro rata portion of the New
Equity Securities within such period, the rights provided hereunder shall be deemed to be revived and the New Equity Securities
shall not be offered to any third party unless first re-offered to the Purchaser in accordance with this Section 5.

 

(c)  Excluded
Securities. For purposes hereof, the term “Excluded Securities” means Class B Shares (and Class A Shares
into which such Class B Shares are convertible) issued to the Sponsor prior to the IPO, the private placement warrants sold to
the Sponsor or its affiliates in connection with the IPO (the “Private Placement Warrants”), warrants issued
upon the conversion of working capital loans to the Company to be made by the Sponsor or an affiliate thereof to finance transaction
costs in connection with an intended initial Business Combination (up to $1,500,000 of which may be convertible at the option
of the lender into warrants of the post-Business Combination entity having the same terms as the Private Placement Warrants at
a price of $1.00 per warrant), any securities issued by the Company as consideration to any seller in the Business Combination,
and any Class A Shares, Class B Shares (and Class A Shares into which such Class B Shares are convertible) and Forward Purchase
Warrants issued pursuant to forward purchase contracts entered into prior to the IPO Closing with Forward Contract Parties.

 

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

 

(a)  Lock-up;
Transfer Restrictions. The Purchaser agrees that it shall not Transfer (as defined below) any Class B Shares owned by it and
the Class A Shares into which such Class B Shares are convertible, until the earlier of (A) one year after the Business Combination
Closing and (B) the date following the Business Combination Closing on which the Company completes a liquidation, merger, share
exchange or other similar transaction that results in all of the Company’s ordinary shareholders having the right to exchange
their ordinary shares of the Company for cash, securities or other property (the “Lock-up Period”). Notwithstanding
the foregoing, if, subsequent to a Business Combination, the closing price of the Class A Shares equals or exceeds $12.00 per
share (as adjusted for share sub-divisions, share capitalization,

 

    14 

    	 

    

reorganizations,
recapitalizations and the like) for any twenty (20) trading days within any thirty (30) trading day period commencing at least
one hundred and fifty (150) days after the Business Combination Closing, the Class B Shares (and the Class A Shares into which
the Class B Shares are convertible) shall be released from the lockup referred to in this Section 6(a). Notwithstanding the first
sentence hereinabove, Transfers of the Class B Shares (and the Class A Shares into which the Class B Shares are convertible) are
permitted xxxi) to the Company’s officers or directors, any affiliates or family
members of any of the Company’s officers or directors, any members of the Sponsor or any affiliates of the Sponsor; xxxii)
in the case of an individual, by gift to a member of the individual’s immediate family, or to a trust, the beneficiary
of which is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization;
xxxiii) in the case of an individual, by virtue of laws of descent and distribution
upon death of the individual; xxxiv) in the case of an individual, pursuant to a
qualified domestic relations order; xxxv) 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 Class B Shares were originally
purchased; xxxvi) in the event of the Company’s liquidation prior to the completion
of a Business Combination; xxxvii) by virtue of the laws of the Cayman Islands or
the Purchaser’s organizational documents, as amended from time to time, upon dissolution of the Purchaser; or xxxviii)
in the event of the Company’s completion of a liquidation, merger, amalgamation, share exchange, reorganization or
other similar transaction which results in all of the Company’s shareholders having the right to exchange their Class A
ordinary shares for cash, securities or other property subsequent to the completion of a Business Combination; provided,
however, that in the case of clauses (i) through (v) and (vii), these permitted transferees must enter into a written agreement
agreeing to be bound by these transfer restrictions. As used in this Agreement, “Transfer” shall mean the (x)
sale of, offer to sell, contract or agreement to sell, hypothecation, 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 (the “Exchange Act”, and the rules and regulations of the SEC promulgated thereunder) with
respect to, any of the Securities (excluding any pledges in the ordinary course of business for bona fide financing purposes or
as part of prime brokerage arrangements), (y) 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 of the Securities, whether any such transaction is to be settled
by delivery of such Securities, in cash or otherwise, or (z) public announcement of any intention to effect any transaction specified
in clause (x) or (y). For the avoidance of doubt, this Section 6(a) shall not restrict the ability to exercise any Forward Purchase
Warrants in accordance with their terms.

 

(b)  Potential
Forfeiture. The Purchaser agrees that, to the extent that it fails to pay the FPU Purchase Price when required in accordance
with Section 1 hereof and such failure to pay remains uncured after five (5) Business Days’

 

    15 

    	 

    

notice
from the Company, the Purchaser shall forfeit to the Company all of its Class B Shares. If the Purchaser fails to forfeit any
Class B Shares it is required to forfeit hereunder, the Purchaser hereby grants hereunder to the Company and any representative
designated by the Company without further action by the Purchaser a limited irrevocable power of attorney to effect such forfeiture
on behalf of the Purchaser, which power of attorney shall be deemed to be coupled with an interest. Any forfeiture under this
Agreement shall take effect as a surrender for no consideration as a matter of Cayman Islands law.

 

(c)  Waiver
of Adjustment to Conversion Price and Recapitalization Shares. In the event that the Company issues equity or equity-linked
securities in addition to the Forward Purchase Units in connection with the Business Combination Closing and the Sponsor waives,
in whole or in part, its right to have its Class B Shares converted into a greater number of Class A Shares in respect of such
issuance pursuant to the Charter, such waiver shall also automatically waive such right on behalf of the Purchaser in respect
of the Purchaser’s Founder Shares on a pro rata basis. In addition, the Purchaser: (i) agrees that it waives its right to
receive any additional Class B Shares in the event of any share split, share capitalization, reorganization or recapitalization
of or in respect of the Class B Shares prior to the closing of the IPO that is effected in order to increase the number of issued
and outstanding Class B Shares due to an increase in the number of Class A Shares being sold in the IPO (“Share Capitalization”);
(ii) directs the Company to issue its portion of a Share Capitalization to the Sponsor; and (iii) confirms that it has no claims
against the Company, or its directors, officers, employees or other shareholders in respect of a Share Capitalization.

 

(d)  Trust
Account.

 

(i)  The
Purchaser hereby acknowledges that it is 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. The 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, the Purchaser
may have in respect of any Public Shares held by it.

 

(ii)  The
Purchaser hereby agrees that it 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 waives any Claim to, or to any monies in, the Trust Account
that it may have now or in the future, except for redemption and liquidation rights, if any, the Purchaser may have in respect
of any Public Shares held by it. In the event the Purchaser has any Claim against the Company under this Agreement, the Purchaser
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

 

    16 

    	 

    

liquidation
rights, if any, the Purchaser may have in respect of any Public Shares held by it.

 

(e)  Redemption
and Liquidation. The Purchaser hereby waives, with respect to any Class B Shares (including the Class A Shares into which
such Class B Shares are convertible) held by it, any redemption rights it may have in connection with xxxix) the consummation
of a Business Combination, including any such rights available in the context of a shareholder vote to approve such Business Combination
and xl) any shareholder vote to approve an amendment to the Charter that would affect the substance or timing of the Company’s
obligation to redeem 100% of the Class A Shares sold in the IPO if the Company has not consummated an initial Business Combination
within the time period set forth in the Charter or in the context of a tender offer made by the Company to purchase Class A Shares,
it being understood that the Purchaser shall be entitled to redemption and liquidation rights with respect to any Public Shares
beneficially owned by it.

 

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

 

(g)  No
Short Sales. The Purchaser hereby agrees that neither it, nor any person or entity acting on its behalf or pursuant to any
understanding with it, will engage in any Short Sales with respect to securities of the Company prior to the Business Combination
Closing. For purposes of this Section, “Short Sales” shall include, without limitation, all “short sales”
as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and all types of direct and indirect stock pledges
(other than pledges in the ordinary course of business as part of prime brokerage arrangements), forward sale contracts, options,
puts, calls, swaps and similar arrangements (including on a total return basis), and sales and other transactions through non-U.S.
broker dealers or foreign regulated brokers.

 

7.  Additional
Agreements of the Sponsor and the Company.

 

(a)  Sponsor
Class B Share Lock-up. The Sponsor agrees that it shall not, and shall cause its affiliates and permitted transferees not
to, Transfer any Class B Shares or Class A Shares into which such Class B Shares are convertible (the “Sponsor Shares”)
until the earliest of (1) one year after the Business Combination Closing and (2) subsequent to a Business Combination, (x) the

 

    17 

    	 

    

closing
price of the Class A Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalization, reorganizations,
recapitalizations and the like) for any twenty (20) trading days within any thirty (30) trading day period commencing at least
one hundred and fifty (150) days after the Business Combination Closing or (y) the date following the Business Combination Closing
on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s
ordinary shareholders having the right to exchange their ordinary shares of the Company for cash, securities or other property.
Notwithstanding the foregoing, the Sponsor, its affiliates and its and their permitted transferees will be permitted to Transfer
the Sponsor Shares in accordance with clauses (i) through (viii) of Section 6(a) of this Agreement (applied mutatis mutandis),
subject to the requirement that these permitted transferees must enter into a written agreement agreeing to be bound by the transfer
restrictions set forth in Section 7(a) of this Agreement.

 

(b)  QEF
Election; Tax Information. The Company 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”)
or a “controlled foreign corporation” (a “CFC”) within the meaning of U.S. Internal Revenue Code
of 1986, as amended, and the regulations promulgated thereunder (collectively, the “Code”), and shall notify
the Purchaser if the Company (or any subsidiary of the Company) is deemed to be a PFIC or CFC. If the Company 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 Purchaser holds an equity interest in the Company, including Warrants, and the Purchaser is subject to income
tax in the United States, the Company shall use commercially reasonable efforts to xli) make available to the Purchaser the information
that may be required to make or maintain a “qualified electing fund” election under the Code with respect to the Company
(or any subsidiary of the Company, as applicable) and xlii) furnish the information required to be reported under Section 1298(f)
of the Code or under any other applicable tax law.

 

(c)  IPO.
The Company will offer at least 25,000,000 Public Units in the IPO. Each Public Unit will be comprised of one Class A Share and
no more than one-half of one Warrant. Each whole Warrant will have an exercise price of not less than $11.50 per share.

 

(d)  No
Material Non-Public Information. The Company and the Sponsor agree that no information provided to the Purchaser in connection
with this Agreement will, upon the IPO Closing, constitute material non-public information of the Company, and following the IPO
Closing, neither the Company nor the Sponsor will provide the Purchaser with any material non-public information of the Company
(including any material non-public information with respect to any other Person in connection with any proposed Business Combination)
without the prior written consent of the Purchaser.

 

    18 

    	 

    

(e)  NYSE
Listing. The Company will use commercially reasonable efforts to effect the listing of the Class A Shares and Warrants on
the New York Stock Exchange (or another national securities exchange).

 

(f)  No
Amendments to Charter. The Charter of the Company will be in substantially the same form of Exhibit B hereto and will
not be materially amended prior to the closing of the IPO without the Purchaser’s prior written consent.

 

8.  Transfer.
This Agreement and all of the Purchaser’s rights and obligations hereunder (including the Purchaser’s obligation to
purchase the Forward Purchase Units) may be transferred or assigned, at any time and from time to time, in whole or in part, to
one or more third parties (each such transferee, a “Transferee”), subject to the prior written consent
of the Company (not to be unreasonably denied, withheld or delayed). Upon any such assignment:

 

(a)  the
applicable Transferee shall execute a signature page to this Agreement, substantially in the form of the Purchaser’s signature
page hereto (the “Joinder Agreement”), which shall reflect the number of Forward Purchase Shares and
Forward Purchase Warrants to be purchased by such Transferee (the “Transferee Securities”), and, upon
such execution, such Transferee shall have all the same rights and obligations of the 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 the Purchaser and any such Transferee shall be several and not joint and shall be made as to the Purchaser
or any such Transferee, as applicable, as to itself only; and

 

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

 

9.  FPU
Closing Conditions.

 

    19 

    	 

    

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

 

(i)  The
conditions to the Business Combination Closing shall have been satisfied;

 

(ii)  The
Business Combination shall be consummated substantially concurrently with, and immediately following, the purchase of Forward
Purchase Units;

 

(iii)  The
Company shall have delivered to such Purchaser 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 FPU Closing;

 

(iv)  The
representations and warranties of the Company set forth in Section 3 of this Agreement and those of the Sponsor set forth in Section
4 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 FPU 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
and, in the case of the Sponsor, where the failure to be so true and correct would not have a material adverse effect on the Sponsor
or its ability to consummate the transactions contemplated by this Agreement;

 

(v)  The
Company and the Sponsor 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 or the Sponsor at or prior to
the FPU Closing; and

 

(vi)  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 Purchaser of the Securities.

 

(b)  The
obligation of the Company to sell the Forward Purchase Units at the FPU Closing under this Agreement shall be subject to the fulfillment,
at or

 

    20 

    	 

    

prior
to the FPU 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 Units;

 

(ii)  The
representations and warranties of the Purchaser 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 FPU 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 Purchaser or its ability to consummate the transactions contemplated by
this Agreement;

 

(iii)  The
Purchaser 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 Purchaser at or prior to the FPU Closing; and

 

(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 Purchaser of the Securities.

 

10.  Termination.
This Agreement may be terminated at any time prior to the FPU Closing:

 

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

 

(b)  automatically

 

(i)  if
the IPO is not consummated on or prior to March 31, 2021;

 

(ii)  if
the aggregate gross proceeds from the IPO, this Agreement and the Forward Contracts are less than $250,000,000;

 

(iii)      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 up to a maximum of three months or such longer period as is
mutually agreed by the Company and the Purchaser; or

 

    21 

    	 

    

(iv)  if
the Sponsor or 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 Sponsor or 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 10, the FPU Purchase Price (and interest thereon, if any), if previously
paid, and all Purchaser’s funds paid in connection herewith shall be promptly returned to the Purchaser, and thereafter
this Agreement shall forthwith become null and void and have no effect, without any liability on the part of the 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 10 shall relieve
either 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.

 

11.  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, or xliii) personal delivery to the party to be notified, xliv) 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, xlv) five (5) Business Days after having been sent by registered or certified
mail, return receipt requested, postage prepaid, or xlvi) 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: Primavera Capital Acquisition Corporation, 41/F Gloucester Tower, 15 Queen’s Road Central,
Hong Kong Attn: Max Chen, Chief Executive Officer, email: max.chen@primavera-capital.com, with a copy to the Company’s counsel
at: Davis Polk & Wardwell LLP, 450 Lexington Avenue, New York, NY 10017, Attn: Derek Dostal, Esq., email: derek.dostal@davispolk.com,
fax: (212) 701-5322.

 

All communications
to the Purchaser shall be sent to the Purchaser’s address as set forth on the 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 11(a).

 

(b)  No
Finder’s Fees. Each party represents that it neither is nor will be obligated for any finder’s fee or commission
in connection with this transaction. The Purchaser agrees to indemnify and to hold harmless the Company from any liability for
any commission or compensation in the nature of

 

    22 

    	 

    

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 Purchaser or any of its officers, employees or representatives is responsible. The Company
agrees to indemnify and hold harmless the Purchaser 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, directors, employees or representatives is responsible.

 

(c)  Survival
of Representations and Warranties. All of the representations and warranties contained herein shall survive the Class B Share
Transfer and the FPU 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, including under Section 8, 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 Hong Kong.

 

    23 

    	 

    

(j)  Jurisdiction/Arbitration.
The Parties agree that all disputes arising under, or relating to, this Agreement shall be resolved in accordance with the ICC
Rules of Arbitration by a panel of three arbitrators. The arbitration shall be seated in Hong Kong, although hearings may take
place anywhere that the arbitral tribunal deems convenient after consultation with the parties. The language of the proceedings
shall be English.

 

(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.

 

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

 

(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 Purchaser will bear its own 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 of The Depository Trust Company’s fees associated with the issuance of the Securities
and the securities issuable upon conversion or exercise of the 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

 

    24 

    	 

    

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.

 

(r)  Specific
Performance. The Purchaser agrees that irreparable damage would occur in the event that any provision of this Agreement was
not performed by the Purchaser in accordance with the specific terms hereof or was otherwise breached, and that money damages
or legal remedies would not be an adequate remedy for any such damages. Therefore, it is accordingly agreed that the Company shall
be entitled to enforce specifically the terms and provisions of this Agreement, or to enforce compliance with, the covenants and
obligations of the Purchaser, in any arbitration proceeding, and may also seek preliminary injunctive relief in aid of arbitration
in any court of competent jurisdiction in addition to any other remedy to which the Company is entitled at law or in equity.

 

(s)  Most
Favored Nations. The Company hereby represents and warrants that as of the date hereof, and covenants and agrees that after
the date hereof, none of the agreements with other Forward Contract Parties or any other person for the purchase of Forward Purchase
Units includes or will include terms, rights or other benefits that are more favorable, in any material respect, to such other
Person than the terms, rights and benefits in favor of the Purchaser under this Agreement, and the Company will not amend any
of the material terms, rights or benefits in, or waive any material obligation under, any of the agreements with such other Person
unless, in any such case, the Purchaser has been offered in writing the opportunity to concurrently receive the benefits of all
such terms, rights and benefits or waiver. The Purchaser shall notify the Company in writing, within ten (10) days after the date
it has been offered the opportunity to receive

 

    25 

    	 

    

the
benefit of such terms, rights, benefits or waiver, of its election to receive any such term, right, benefit or waiver so offered.

 

[Signature
page follows]

 

    26 

    	 

    

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

 

	PURCHASER:

    SKY VENTURE PARTNERS L.P.	 	Address for Notices:

    ZQ Capital hong Kong Limited,

    7/F, St. John’s Building, 33 Garden

    Road, Central, Hong Kong
	 	 	 
	 	 	 
	By:	/s/ Zheqing Shen	 	 
	 	Name:Zheqing Shen	 	Email: shen@zqcap.com
	 	Title:Authorized Officer	 	Fax: 852 3890 6599

 

	COMPANY:

    PRIMAVERA CAPITAL ACQUISITION CORPORATION	 
	 	 
	 	 
	By:	/s/ Tong Chen	 
	 	Name:Tong Chen	 
	 	Title:Director	 

 

	SPONSOR:

    PRIMAVERA CAPITAL ACQUISITION LLC	 
	 	 
	 	 
	By:	/s/ Fred Hu	 
	 	Name:Fred Hu	 
	 	Title:Director	 

 

	Number of Forward Purchase Shares:	4,000,000
	Number of Forward Purchase Warrants:	1,000,000
	Aggregate Purchase Price for Forward Purchase Units:	$40,000,000.00
	Class B Shares Transfer Amount:	500,000

 

    [Signature Page to Forward Purchase Agreement]

    	 

    

Where:

 

Class B Shares Transfer Amount
= Product of (A) Total Class B Shares Transfer Amount and (B) Purchaser’s Forward Purchase Percentage.

 

Purchaser’s Forward Purchase
Percentage = Quotient of (A) one divided by (B) total number of Forward Contract Parties.

 

Total Class B Shares Transfer
Amount = 1,000,000

 

    28 

    	 

    

Exhibit
A

Registration Rights

 

1.  Within
thirty (30) days after the Business Combination Closing, the Company shall use reasonable best efforts (i) to file a registration
statement on Form S-3 for a secondary offering (including any successor registration statement covering the resale of the Registrable
Securities a “Resale Shelf’) of (x) the Class A Shares and Warrants (and underlying Class A Shares) comprising
the Forward Purchase Units and the Class A Shares into which the Class B Shares are convertible, (y) any other Class A Shares
and Warrants that may be acquired by the Purchaser after the date of this Agreement, 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 sub-division or in connection with a combination of shares, recapitalization,
merger, consolidation or reorganization (collectively, the “Registrable Securities”) pursuant to Rule 415 under
the Securities Act; 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) to cause the Resale Shelf to be declared effective under the Securities Act promptly thereafter,
but in no event later than sixty (60) days thereafter, and (iii) to maintain the effectiveness of such Resale Shelf with respect
to the Purchaser’s Registrable Securities until the earliest of (A) the date on which the Purchaser ceases to hold Registrable
Securities covered by such Resale Shelf, (B) the date all of the 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 Purchaser 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 (“Staff’)
of the Securities and Exchange Commission (“SEC”) from registering all of the Registrable Securities on the
Resale Shelf or the Staff requires that the 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 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 “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 Purchaser and each other Forward Contract Party who
purchased at least 1,000,000 Forward Purchase Shares (collectively, the “Piggyback Holders”) 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 Registration Statement Purchaser’s Registrable Securities and a minimum of 500,000 of the securities of
each other Forward Contract Party which is a Piggyback Holder that constitute “Registrable Securities” under such
parties’ forward purchase agreements (collectively “Piggyback Securities”). Within five (5) Business
Days (or, in the case of an Offer Notice delivered to the Purchaser or the other Forward Contract Parties in connection with an
Underwritten Shelf Takedown, within three (3) Business Days) after receiving the Offer Notice, the Purchaser may make a written
request (a “Piggyback Request”) to the Company to include some or all of Purchaser’s Registrable Securities
in the 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 Piggyback Holders
based on the pro rata percentage of Piggyback Securities held by the Piggyback Holders and requested to be included in
the Underwritten Offering. Notwithstanding anything to the contrary in this paragraph 3, the Company hereby agrees that it will
not provide an Offer Notice to any other Forward Contract Party unless such other Forward Contract Party agrees in writing to
treat the contents of such Offer Notice as material non-public information.

 

4.  At
any time during which the Company has an effective Resale Shelf with respect to the Purchaser’s Registrable Securities,
the 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. The Purchaser may request that any such
sale be conducted as an underwritten public offering (an “Underwritten Shelf Takedown”). The Company shall
not be obligated to effect more than two Underwritten Shelf Takedowns. The Purchaser acknowledges that, pursuant to the terms
and conditions of Forward Contracts among the Company and other Forward Contract Parties (such agreements, as they relate to the
rights of the other Forward Contract Parties set forth in paragraphs 3, 4 and 5 of this Exhibit A, not to be amended without the
Purchaser’s prior written consent), each other Forward Contract Party who purchased at least 1,000,000 Forward Purchase
Shares and proposes to sell at least 500,000 Registrable Securities in the Underwritten Shelf Takedown (a “Requesting
Holder”) shall have the right, pursuant to a timely Piggyback Request, to include securities that are covered by the
Resale Shelf (“Requesting Holder Securities”) in the prospectus supplement relating to any Underwritten Shelf
Takedown

 

    A-2 

    	 

    

and the Purchaser agrees to cooperate
with the Company and such other Forward Contract Parties in furtherance thereof. If the underwriter(s) for any Underwritten Shelf
Takedown advise the Company that marketing factors require a limitation on the number of securities that may be included in the
Underwritten Shelf Takedown, the number of securities to be so included shall be allocated as follows: (i) first, to the Purchaser;
and (ii) second, to the Requesting Holders based on the pro rata percentage of Requesting Holder Securities held by the
Requesting Holders and requested to be included in the Underwritten Offering. It is understood that any other Forward Contract
Party electing to include securities on an Underwritten Shelf Takedown proposed by Purchaser shall not have the ability to withdraw
such securities from such offering without the consent of the Purchaser, it being understood that the terms of the offering may
not be known at the time of such offering and that Purchaser shall have the sole discretion to approve such terms (and such other
Forward Contract Party shall not have the right to make any determinations other than whether they wish to include their Requesting
Holder Securities in the prospectus supplement). In this regard, by electing to include securities in such offering, such other
Forward Contract Party agrees to cooperate with the Company and the Purchaser in furtherance of such offering, including entering
into such customary agreements and take all such actions (including supplying all reasonably requested information) within 48
hours of a reasonable request by the Company, underwriters or Purchaser.

 

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 offering shall be made in the sole discretion of the Purchaser, after consultation with the Company, and
the Purchaser 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 (and the Piggyback
Holders or Requesting Holders (as applicable) shall not have the right to make any determinations other than whether they wish
to include their Requesting Holder Securities in the prospectus supplement). The Purchaser 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 offering, the Company shall enter into such customary agreements and take all such other actions
in connection therewith (including those requested by the Purchaser) 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 6, “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 and filing fees
(including

 

    A-3 

    	 

    

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; and (vi) reasonable
fees and expenses of one legal counsel selected by the Purchaser; provided, that it is understood and agreed that the Company
shall be responsible for any underwriting fees, discounts, selling commissions, underwriter expenses and stock transfer taxes
relating to the registration and sale of the Purchaser’s Registrable Securities.

 

8.  The
Company may suspend the use of a prospectus included in the Resale Shelf by furnishing to the Purchaser 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 Purchaser 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 Purchaser; provided 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
Purchaser agrees that, except as required by applicable law, the Purchaser 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 Purchaser, its directors and officers, partners, members, managers, employees, agents,
and representatives of such Purchaser and each person, if any, who controls the Purchaser within the meaning of the Securities
Act and the Securities Exchange Act of 1934, as amended, and any agent thereof (collectively, “Indemnified Persons”),
to the fullest

 

    A-4 

    	 

    

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 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 Purchaser.

 

11.  The
Company’s obligation under paragraph (1) of this Exhibit A is subject to the Purchaser’s 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. The Purchaser shall 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 Purchaser, 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 Purchaser may reasonably request and registered in such names as the Purchaser may request.

 

    A-5 

    	 

    

13.  If
requested by the 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 the 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 the Purchaser holding any Registrable
Securities.

 

14.  As
long as the Purchaser shall own Registrable Securities, the Company, at all times while it shall be reporting under the Securities
Exchange Act of 1934, as amended, 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 Securities
Exchange Act of 1934, as amended, and shall promptly furnish the Purchaser 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
Purchaser may reasonably request, all to the extent required from time to time, to enable the Purchaser to sell the Class A Shares
and Warrants held by the Purchaser 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 the Purchaser, the
Company shall deliver to the 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 the Purchaser under this Exhibit A may be assigned or delegated by the Purchaser in conjunction
with and to the extent of any transfer or assignment of Registrable Securities by the Purchaser to any transferee or assignee.

 

    A-6 

    	 

    

Exhibit
B

Memorandum and Articles of Association of theExhibit 10.1

 

 

INDEPENDENT
DIRECTOR AGREEMENT

 

This INDEPENDENT
DIRECTOR AGREEMENT is dated January 5, 2021 (the “Agreement”) by and between MARIJUANA COMPANY OF AMERICA, INC, a
Utah corporation (the “Company”), and Tad Mailander, the independent director (the “Director”).

 

WHEREAS, the
Company appointed the Director effective January 5, 2021. The Company and Director desire to enter into an agreement with the
Director with respect to the terms and conditions of such appointment; and

 

WHEREAS, the
Director is willing to accept such appointment and to serve the Company on the terms set forth herein and in accordance with the
provisions of this Agreement.

 

NOW, THEREFORE,
in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

 

1. Position.  Subject
to the terms and provisions of this Agreement, Director is appointed, and the Director hereby agrees to serve the Company, in
such position upon the terms and conditions hereinafter set forth, provided however, that the Director’s continued
service on the Board of Directors is subject to the application of Utah statutes and the Company’s By-Laws.

 

2. Duties.  

 

(a) During the
Directorship Term (as defined herein), the Director make reasonable business efforts to attend all Board meetings and quarterly
pre-scheduled Board and Management conference calls, serve on appropriate subcommittees as reasonably requested and agreed upon
by the Board, make himself available to the Company at mutually convenient times and places, attend external meetings and presentations
when agreed on in advance, as appropriate and convenient, and perform such duties, services and responsibilities, and have the
authority commensurate to such position.

 

(b) The Director
will use his best efforts to promote the interests of the Company. The Director will not, without the prior notification to the
Board, engage in any other business activity which could materially interfere with the performance of his duties, services and
responsibilities hereunder or which is in violation of the reasonable policies established from time to time by the Company, provided that
the foregoing shall in no way limit his activities on behalf of (i) any current employer and its affiliates or (ii) the board
of directors of any entities on which he currently sits.  At such time as the Board receives such notification, the
Board may require the resignation of the Director if it determines that such business activity does in fact materially interfere
with the performance of the Director’s duties, services and responsibilities hereunder.

 

3. Compensation.

 

(a) Quarterly
Payments.  After the execution of this Agreement, the Director shall receive a quarterly payment of five thousand
dollars ($5,000.00) which shall be paid either in cash, or, in the Company’s discretion, in shares of common stock of the
Company, with the number of shares to be issued determined as of the closing price of the Company’s common stock as reported
on the OTC Markets on the last trading day of each quarter. 

 

    	  

    	 

    

 

 

(b) Independent
Contractor.  The Director’s status during the Directorship Term shall be that of an independent contractor
and not, for any purpose, that of an employee or agent with authority to bind the Company in any respect. All payments and other
consideration made or provided to the Director under this Section 3 shall be made or provided without withholding or deduction
of any kind, and the Director shall assume sole responsibility for discharging all tax or other obligations associated therewith.

 

(d) Expense
Reimbursements.  During the Directorship Term, the Company shall reimburse the Director for all reasonable out-of-pocket
expenses incurred by the Director in attending any in-person meetings, provided that the Director complies with
the generally applicable policies, practices and procedures of the Company for submission of expense reports, receipts or similar
documentation of such expenses. Any reimbursements for allocated expenses (as compared to out-of-pocket expenses of the Director
in excess of $500.00) must be approved in advance by the Company.

 

4. Directorship
Term.  The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective
Date and terminating on the earlier of the date of the next annual or special stockholders meeting called for the purposes of
electing directors, and the earliest of the following to occur: (a) the death of the Director; (b) the termination of the Director
from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from
the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

 

5. Director’s
Representation and Acknowledgment.  The Director represents to the Company that his execution and performance of
this Agreement shall not be in violation of any agreement or obligation (whether or not written) that he may have with or to any
person or entity, including without limitation, any prior or current employer. The Director hereby acknowledges and agrees that
this Agreement (and any other agreement or obligation referred to herein) shall be an obligation solely of the Company, and the
Director shall have no recourse whatsoever against any stockholder of the Company or any of their respective affiliates with regard
to this Agreement.

 

    	  

    	 

    

 

 

6. Director Covenants.

 

(a) Unauthorized
Disclosure.  The Director agrees and understands that in the Director’s position with the Company, the Director
has been and will be exposed to and receive information relating to the confidential affairs of the Company, including, but not
limited to, technical information, business and marketing plans, strategies, customer information, other information concerning
the Company’s products, promotions, development, financing, expansion plans, business policies and practices, and other
forms of information considered by the Company to be confidential and in the nature of trade secrets. The Director agrees that
during the Directorship Term and thereafter, the Director will keep such information confidential and will not disclose such information,
either directly or indirectly, to any third person or entity without the prior written consent of the Company; provided, however,
that (i) the Director shall have no such obligation to the extent such information is or becomes publicly known or generally known
in the Company’s industry other than as a result of the Director’s breach of his obligations hereunder and (ii) the
Director may, after giving prior notice to the Company to the extent practicable under the circumstances, disclose such information
to the extent required by applicable laws or governmental regulations or judicial or regulatory process. This confidentiality
covenant has no temporal, geographical or territorial restriction. Upon termination of the Directorship Term, the Director will
promptly return to the Company and/or destroy at the Company’s direction all property, keys, notes, memoranda, writings,
lists, files, reports, customer lists, correspondence, tapes, disks, cards, surveys, maps, logs, machines, technical data, other
product or document, and any summary or compilation of the foregoing, in whatever form, including, without limitation, in electronic
form, which has been produced by, received by or otherwise submitted to the Director in the course or otherwise as a result of
the Director’s position with the Company during or prior to the Directorship Term, provided that the Company
shall retain such materials and make them available to the Director if requested by him in connection with any litigation against
the Director under circumstances in which (i) the Director demonstrates to the reasonable satisfaction of the Company that the
materials are necessary to his defense in the litigation and (ii) the confidentiality of the materials is preserved to the reasonable
satisfaction of the Company.

 

(b) Non-Solicitation.  During
the Directorship Term and for a period of three (3) years thereafter, the Director shall not interfere with the Company’s
relationship with, or endeavor to entice away from the Company, any person who, on the date of the termination of the Directorship
Term and/or at any time during the one year period prior to the termination of the Directorship Term, was an employee or customer
of the Company or otherwise had a material business relationship with the Company.

 

(c) Non-Compete.
The Director agrees that during the Directorship Term and for a period of one (1) year thereafter, he shall not in any manner,
directly or indirectly, through any person, firm or corporation, alone or as a member of a partnership or as an officer, director,
stockholder, investor or employee of or consultant to any other corporation or enterprise; engage in the business of developing,
marketing, selling or supporting technology to or for businesses in which the Company engages in or in which the Company has an
actual intention, as evidenced by the Company's written business plans, to engage in, within any geographic area in which the
Company is then conducting such business.  Nothing in this Section 6 shall prohibit the Director from being (i) a
stockholder in a mutual fund or a diversified investment company or (ii) a passive owner of not more than three percent of
the outstanding stock of any class of securities of a corporation, which are publicly traded, so long as the Director has no active
participation in the business of such corporation.

 

(d) Insider
Trading Guidelines.  Director agrees to execute the Company’s Insider Trading Guidelines in the form attached hereto.

 

    	  

    	 

    

 

 

(e) Remedies.  The
Director agrees that any breach of the terms of this Section 6 would result in irreparable injury and damage to the Company for
which the Company would have no adequate remedy at law; the Director therefore also agrees that in the event of said breach or
any threat of breach, the Company shall be entitled to an immediate injunction and restraining order to prevent such breach and/or
threatened breach and/or continued breach by the Director and/or any and all entities acting for and/or with the Director, without
having to prove damages or paying a bond, in addition to any other remedies to which the Company may be entitled at law or in
equity. The terms of this paragraph shall not prevent the Company from pursuing any other available remedies for any breach or
threatened breach hereof, including, but not limited to, the recovery of damages from the Director. The Director acknowledges
that the Company would not have entered into this Agreement had the Director not agreed to the provisions of this Section 6.

 

(f) The provisions
of this Section 6 shall survive any termination of the Directorship Term, and the existence of any claim or cause of action by
the Director against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement
by the Company of the covenants and agreements of this Section 6.

 

7. Indemnification.  The
Company agrees to indemnify the Director for his activities as a member of the Board to the fullest extent permitted under applicable
law and shall use its best efforts to obtain Directors and Officers Insurance benefitting the Board.

 

8. Non-Waiver
of Rights.  The failure to enforce at any time the provisions of this Agreement or to require at any time performance
by the other party hereto of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to
affect either the validity of this Agreement or any part hereof, or the right of either party hereto to enforce each and every
provision in accordance with its terms. No waiver by either party hereto of any breach by the other party hereto of any provision
of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions at that time
or at any prior or subsequent time.

 

9. Notices.  Every
notice relating to this Agreement shall be in writing and shall be given by personal delivery or by registered or certified mail,
postage prepaid, return receipt requested; to:

 

If to the Company:

 

MARIJUANA COMPANY OF AMERICA, INC.

1340 West Valley Parkway, #205

Escondido, CA 92029

Attention: Jesus Quintero, Principal
Executive Officer

Email: DOMINICANCPA@aol.com

 

If to the Director:

 

TAD MAILANDER

945 4th Avenue, Ste. 311

San Diego, CA 92101

Email: tmailander@gmail.com

 

 

Either of the
parties hereto may change their address for purposes of notice hereunder by giving notice in writing to such other party pursuant
to this Section 9.

 

    	  

    	 

    

 

 

10. Binding
Effect/Assignment.  This Agreement shall inure to the benefit of and be binding upon the parties hereto and their
respective heirs, executors, personal representatives, estates, successors (including, without limitation, by way of merger) and
assigns. Notwithstanding the provisions of the immediately preceding sentence, neither the Director nor the Company shall assign
all or any portion of this Agreement without the prior written consent of the other party.

 

11. Entire
Agreement.  This Agreement (together with the other agreements referred to herein) sets forth the entire understanding
of the parties hereto with respect to the subject matter hereof and supersedes all prior agreements, written or oral, between
them as to such subject matter.

 

12. Severability.  If
any provision of this Agreement, or any application thereof to any circumstances, is invalid, in whole or in part, such provision
or application shall to that extent be severable and shall not affect other provisions or applications of this Agreement.

 

13. Governing
Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of California,
without reference to the principles of conflict of laws. All actions and proceedings arising out of or relating to this Agreement
shall be heard and determined in any court in San Diego County, California and the parties hereto hereby consent to the jurisdiction
of such courts in any such action or proceeding; provided, however, that neither party shall commence
any such action or proceeding unless prior thereto the parties have in good faith attempted to resolve the claim, dispute or cause
of action which is the subject of such action or proceeding through mediation by an independent third party.

 

14. Legal
Fees.  The parties hereto agree that the non-prevailing party in any dispute, claim, action or proceeding between
the parties hereto arising out of or relating to the terms and conditions of this Agreement or any provision thereof (a “Dispute”),
shall reimburse the prevailing party for reasonable attorney’s fees and expenses incurred by the prevailing party in connection
with such Dispute.

 

15. Modifications.  Neither
this Agreement nor any provision hereof may be modified, altered, amended or waived except by an instrument in writing duly signed
by both parties.

 

16. Tense
and Headings.  Whenever any words used herein are in the singular form, they shall be construed as though they were
also used in the plural form in all cases where they would so apply. The headings contained herein are solely for the purposes
of reference, are not part of this Agreement and shall not in any way affect the meaning or interpretation of this Agreement.

 

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

 

 

    	  

    	 

    

 

IN WITNESS WHEREOF,
the Company has caused this Director Agreement to be executed by authority of its Board of Directors, and the Director has hereunto
set his hand, on the day and year first above written.

 

	 	 	 
	 	MARIJUANA COMPANY OF AMERICA, INC.	 
	 	 	 
	 	 /s/
    Jesus Quintero	 
	 	Jesus Quintero	 
	 	Principal Executive Officer and Chairman of
    the Board of Directors	 
	 	 	 
	 	 	 
	 	TAD MAILANDER	 
	 	 	 
	 	 /s/
    Tad Mailander	 
	 	Tad
        Mailander

        Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}]]