Document:

Exhibit
10.5

 

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

 

PROMISSORY
NOTE

 

	Principal Amount: up to $300,000	Dated as of January 19, 2021

(as set forth on the Schedule of Borrowings attached hereto)

 

Jaws
Juggernaut Acquisition Corporation, a Cayman Islands exempted company and blank check company (the “Maker”),
promises to pay to the order of Juggernaut Sponsor LLC, a Delaware limited liability company, or its registered assigns or successors
in interest (the “Payee”), or order, the principal sum of up to three hundred thousand U.S. dollars ($300,000)
(as set forth on the Schedule of Borrowings attached hereto) in lawful money of the United States of America, on the terms and
conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available funds or
as otherwise determined by the Maker to such account as the Payee may from time to time designate by written notice in accordance
with the provisions of this Note.

 

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

 

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

 

3.
Drawdown Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs
reasonably related to Maker’s initial public offering of its securities. The principal of this Note may be drawn down from
time to time prior to the earlier of: (i) June 30, 2021 or (ii) the date on which Maker consummates an initial public offering
of its securities, upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request
must state the amount to be drawn down, and must not be an amount less than One Thousand Dollars ($1,000) unless agreed upon by
Maker and Payee. Payee shall fund each Drawdown Request no later than one (1) business day after receipt of a Drawdown Request;
provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars ($300,000).
No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due
under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges
and finally to the reduction of the unpaid principal balance of this Note.Events of Default. The following shall constitute
an event of default (“Event of Default”):

 

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

 

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

 

     

     

    

 

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

 

6.
Remedies.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

[Signature
page follows]

 

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

 

	 	JAWS JUGGERNAUT ACQUISITION CORPORATION
	 	a Cayman Islands exempted company
	 	 
	 	By:	/s/ Wilcoln
    Lee
	 	 	Name: 	Wilcoln Lee
	 	 	Title:	Chief Investment Officer

 

[Signature
Page to Promissory Note]

 

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SCHEDULE
OF BORROWINGS

 

The
following increases or decreases in this Promissory Note have been made:

 
	Date of Increase or Decrease	 	Amount of decrease in Principal Amount of this Promissory Note	 	Amount of increase in Principal Amount of this Promissory Note	 	Principal Amount of this Promissory Note following such decrease or increase
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

 

5Exhibit 10.6

 

Execution Version

 

SECURITIES PURCHASE AGREEMENT

 

THIS SECURITIES PURCHASE
AGREEMENT, dated as of January 19, 2021 (as it may from time to time be amended, this “Agreement”),
is entered into by and between Jaws Juggernaut Acquisition Corporation, a Cayman Islands exempted company (the “Company”),
and Juggernaut Sponsor LLC, a Delaware limited liability company (the “Purchaser”).

 

WHEREAS,
the Company intends to consummate an initial public offering of the Company’s units (the “Public Offering”),
each unit (the “Units”) consisting of one Class A ordinary share, par value $0.0001 per share, of the
Company (the “Class A Shares, and, together with the Class B Shares (as defined below), the “Ordinary
Shares”), and one-quarter of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class
A Share at an exercise price of $11.50 per Class A Share.

 

WHEREAS,
the Purchaser has agreed to purchase (i) an aggregate of 3,300,000 warrants (the “Private Placement Warrants”),
each Private Placement Warrant entitling the holder to purchase one Class A Share at an exercise price of $11.50 per Class A Share
and (ii) 5,750,000 shares of the Company’s Class B ordinary shares, par value $0.0001 per share (the “Class B
Shares,” and, together with the Private Placement Warrants, the “Securities”).

 

NOW
THEREFORE, in consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound,
agree as follows:

 

AGREEMENT

 

Section 1. Authorization, Purchase
and Sale; Terms of the Securities.

 

A. Authorization
of the Securities. The Company has duly authorized the issuance and sale of the Securities to the Purchaser.

 

		B.	Purchase and Sale of the Securities.

 

(i) For
the sum of $6,625,000 (the “Purchase Price”), which the Company hereby acknowledges receiving in cash,
the Company hereby issues the Securities to the Purchaser, and the Purchaser hereby purchases the Securities from the Company,
on the terms and subject to the conditions, including regarding forfeiture, set forth in this Agreement. Concurrently with the
Purchaser’s execution of this Agreement, the Company shall, at its option, deliver to the Purchaser one or more certificates
(the “Original Certificates”) registered in the Purchaser’s name representing the Securities or
effect such delivery in book-entry form.

 

		C.	Terms of the Securities.

 

(i) Each
Private Placement Warrant shall have the terms set forth on Exhibit A attached hereto and other customary terms for private
placement warrants issued to sponsors of special purpose acquisition companies that will be set forth in a Warrant Agreement to
be entered into by the Company and a warrant agent in connection with the Public Offering (the “Warrant Agreement”).
The Private Placement Warrants shall be subject to potential forfeiture as set forth on Schedule I attached hereto in connection
with the closing of the Public Offering.

 

(ii) The
Class B Shares will be convertible into Class A Shares on the terms and conditions provided in the Company’s amended and
restated memorandum and articles of association (the “Articles”) to be adopted in connection with the
Public Offering. The Class B Shares shall be subject to forfeiture as set forth on Schedule I attached hereto in connection
with the closing of the Public Offering.

 

(iii) If
any Securities are forfeited in accordance with this Section 1(C), then after such time the Purchaser (or its successor in interest)
shall no longer have any rights as a holder of such forfeited Securities, and the Company shall take such action as is appropriate
to cancel such forfeited Securities.

 

(iv) In
the event an adjustment to the Original Certificates, if any, is required pursuant to this Section 1(C), then the Purchaser shall
return such Original Certificates to the Company or its designated agent as soon as practicable upon its receipt of notice from
the Company advising the Purchaser of such adjustment, following which new certificates (the “New Certificates”),
if any, shall be issued in such amount representing the adjusted number of Securities held by the Purchaser. The New Certificates,
if any, shall be returned to the Purchaser as soon as practicable. Any such adjustment for any uncertificated Securities held by
the Purchaser shall be made in book-entry form.

 

     

     

    

 

(v) At
the time of the pricing of the Public Offering, the Company, the Purchaser and any other holders of Class B Shares shall enter
into a registration rights agreement (the “Registration Rights Agreement”) on customary terms pursuant
to which the Company will grant certain registration rights relating to, among others, the Private Placement Warrants, the Class
A Shares underlying the Private Placement Warrants and the Class A Shares issuable upon the conversion of the Class B Shares.

 

(vi) The
Purchaser hereby waives any and all rights to redeem the Class B Shares for a portion of the amounts held in the trust account
into which substantially all of the proceeds of the Public Offering will be deposited (the “Trust Account”)
in the event of the Company’s failure to timely complete an initial business combination, an extension of the time period
to complete an initial business combination or upon the consummation of an initial business combination. For purposes of clarity,
in the event the Purchaser purchases Class A Shares included in the Units (“Public Shares”), either in
the Public Offering or in the aftermarket, any Public Shares so purchased shall be eligible to be redeemed for a portion of the
amounts held in the Trust Account in the event of the Company’s failure to timely complete an initial business combination
(but, for the avoidance of doubt, not in connection with an extension of the time period to complete an initial business combination
or upon the consummation of an initial business combination).

 

(vii) The
parties hereto acknowledge and agree that, for all U.S. federal (and applicable state, local, and foreign) income tax purposes,
with respect to any forfeiture of (or other adjustments with respect to) any Securities or any refund made by the Company, in each
case, pursuant to this Section 1, (a) such forfeiture (or other adjustment) or refund is integral to the terms of the Securities;
(b) except to the extent otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Internal
Revenue Code of 1986, as amended (“Code”), or any similar provision of state, local or foreign law) or
a change in applicable law, (A) the parties hereto shall treat such forfeiture (or other adjustment) or refund as an adjustment
to the Purchase Price, and (B) no such forfeiture (or other adjustment) or refund shall constitute or give rise to any actual,
constructive or deemed distribution under Section 305 or any other provision of the Code (or any similar provision of state, local
or foreign law). The parties hereto shall file all tax returns and otherwise report for tax purposes consistently with the preceding
sentence except to the extent otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the
Code or any similar provision of state, local or foreign law) or a change in applicable law.

 

Section 2. Representations
and Warranties of the Company. As a material inducement to the Purchaser to enter into this Agreement and purchase the Securities,
the Company hereby represents and warrants to the Purchaser that:

 

A. Incorporation
and Corporate Power. The Company is an exempted company duly incorporated, validly existing and in good standing under the
laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company
possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

 

		B.	Authorization; No Breach.

 

(i) The
execution, delivery and performance of this Agreement and the Securities have been duly authorized by the Company. This Agreement
constitutes the legal, valid and binding obligation of the Company, enforceable in accordance with its terms except as such enforceability
may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’
rights generally and subject to general principals of equity (regardless of whether enforcement is sought in a proceeding at law
or in equity). Upon issuance in accordance with, and payment pursuant to, the terms of this Agreement, the Securities will constitute
valid and binding obligations of the Company, enforceable in accordance with their terms.

 

(ii) The execution
and delivery by the Company of this Agreement and the Securities, the issuance and sale of the Securities, the issuance of the
Class A Shares upon exercise of the Private Placement Warrants, the conversion of the Class B Shares and the fulfillment of, and
compliance with, the respective terms hereof and thereof by the Company, do not (a) conflict with or result in a breach of the
terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest,
charge or encumbrance upon the Company’s equity or assets under, (d) result in a violation of, or (e) require any authorization,
consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or governmental
body or agency pursuant to the Articles in effect on the date hereof or as may be amended prior to completion of the contemplated
Public Offering, or any material law, statute, rule or regulation to which the Company is subject, or any agreement, order, judgment
or decree to which the Company is subject, except for any filings required after the date hereof under federal or state
securities laws.

 

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C. Title
to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and upon registration in the Company’s
register of members, the Class A Shares issuable upon exercise of the Private Placement Warrants and the Class B Shares will be
duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof
and upon registration in the Company’s register of members, the Purchaser will have good title to the Securities and the
Class A Shares issuable upon exercise of the Private Placement Warrants, free and clear of all liens, claims and encumbrances of
any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated hereby, (ii) transfer restrictions
under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Purchaser.

 

D. Governmental
Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority is
required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation by the
Company of any other transactions contemplated hereby.

 

E. Regulation
D Qualification. Neither the Company nor, to its knowledge, any of its affiliates, members, officers, directors or beneficial
shareholders of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated pursuant to Rule
506(d) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”).

 

Section 3. Representations
and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement and issue and sell the
Securities to the Purchaser, the Purchaser hereby represents and warrants to the Company that:

 

A. Organization
and Requisite Authority. The Purchaser is a limited liability company, duly organized, validly existing and in good standing
under the laws of the state of Delaware. The Purchaser possesses all requisite power and authority necessary to carry out the transactions
contemplated by this Agreement.

 

		B.	Authorization; No Breach.

 

(i) This
Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject
to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to
or affecting creditors’ rights or similar laws affecting the enforcement of creditors’ rights generally and to general
equitable principles (whether considered in a proceeding in equity or law).

 

(ii) The
execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by the Purchaser
does not violate, conflict with or result in a breach by the Purchaser of its corporate governance documents or the terms, conditions
or provisions of any agreement, indenture, instrument, order, judgment or decree to which the Purchaser is subject.

 

		C.	Investment Representations.

 

(i) The
Purchaser is acquiring the Securities and, upon exercise of the Private Placement Warrants, the Class A Shares issuable upon such
exercise, for the Purchaser’s own account, for investment purposes only and not with a view towards, or for resale in connection
with, any public sale or distribution thereof.

 

(ii) The
Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D, and the Purchaser
has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act. The Purchaser
acknowledges the sale contemplated hereby is being made in reliance on the private placement exemption in Section 4(a)(2) of the
Securities Act and/or Regulation D and similar exemptions under state law. The Purchaser is purchasing the Securities solely for
investment purposes, for the Purchaser’s own account and not for the account or benefit of any other person, and not with
a view towards the distribution or dissemination thereof. The Purchaser did not decide to enter into this Agreement as a result
of any general solicitation or general advertising within the meaning of Rule 502 under the Securities Act.

 

(iii) The
Purchaser understands that the Securities are being offered and will be sold to it in reliance on specific exemptions from the
registration requirements of the United States federal and state securities laws and that the Company is relying upon the truth
and accuracy of, and the Purchaser’s compliance with, the representations and warranties of the Purchaser set forth herein
in order to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Securities.

 

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(iv) No
governmental, administrative or other third-party consents or approvals are required, necessary or appropriate on the part of the
Purchaser in connection with the transactions contemplated by this Agreement.

 

(v) The
Purchaser has been furnished with all materials relating to the business, finances and operations of the Company and materials
relating to the offer and sale of the Securities which have been requested by the Purchaser. The Purchaser has been afforded the
opportunity to ask questions of the executive officers and directors of the Company, and the opportunity to obtain additional information
to verify the accuracy of all information so obtained. The Purchaser understands that its investment in the Securities involves
a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed
investment decision with respect to the acquisition of the Securities. In determining whether to make this investment, the Purchaser
has relied solely on the Purchaser’s own knowledge and understanding of the Company and its business based upon Purchaser’s
own due diligence investigation. The Purchaser understands that no person has been authorized to make any representations other
than as set forth in this Agreement and the Purchaser has not relied on any other written or oral representations relating to the
business, finances and operations of the Company in making its investment decision.

 

(vi) The
Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed on
or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities
by the Purchaser nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

 

(vii) The
Purchaser understands that: (a) the Securities have not been and are not being registered under the Securities Act or any state
securities laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder or
(2) sold in reliance on an exemption therefrom; (b) the certificates or book-entries representing the Securities will contain
a legend or notation in respect of such restrictions; and (c) except as specifically set forth in the Registration Rights Agreement,
neither the Company nor any other person is under any obligation to register the Securities under the Securities Act or any state
securities laws or to comply with the terms and conditions of any exemption thereunder. While the Purchaser understands that Rule
144 is not available for the resale of securities initially issued by shell companies (other than business combination related
shell companies) or issuers that have been at any time previously a shell company, the Purchaser understands that Rule 144 includes
an exception to this prohibition if the following conditions are met: (i) the issuer of the securities that was formerly a shell
company has ceased to be a shell company; (ii) the issuer of the securities is subject to the reporting requirements of Section
13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (iii) the issuer
of the securities has filed all Exchange Act reports and material required to be filed, as applicable, during the preceding 12
months (or such shorter period that the issuer was required to file such reports and materials), other than Form 8- K reports;
and (iv) at least one year has elapsed from the time that the issuer filed current Form 10 type information with the SEC reflecting
its status as an entity that is not a shell company. The Purchaser agrees that if any transfer of the Securities or any interest
therein is proposed to be made, as a condition precedent to any such transfer, the Purchaser may be required to provide to the
Company an opinion of counsel satisfactory to the Company.

 

(viii) The
Purchaser has such knowledge and experience in financial and business matters, knows of the high degree of risk associated with
investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and
risks of an investment in the Securities and is able to bear the economic risk of an investment in the Securities in the amount
contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing for its current financial
needs and contingencies and will have no current or anticipated future needs for liquidity which would be jeopardized by the investment
in the Securities. The Purchaser can afford a complete loss of its investment in the Securities.

 

Section 4. Restrictions on
Transfer

 

A. Securities
Laws Restrictions. In addition to any restrictions to be contained in that certain letter agreement (commonly known as an “Insider
Letter”) to be dated as of the pricing of the Public Offering by and between the Purchaser and the Company (which
will also contain other agreements with respect to the Securities), Subscriber agrees not to sell, transfer, pledge, hypothecate
or otherwise dispose of all or any part of the Securities unless, prior thereto, (a) a registration statement on the appropriate
form under the Securities Act and applicable state securities laws with respect to the Securities proposed to be transferred shall
then be effective or (b) except with respect to transfers to the Company’s directors as described in the Registration Statement
on Form S-1 associated with the Company’s IPO, the Company has received an opinion from counsel, reasonably satisfactory
to the Company, that registration is not required because such transaction is exempt from registration under the Securities Act
and the rules promulgated by the Securities and Exchange Commission thereunder and all applicable state securities laws.

 

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B. Additional
Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary
dividend payable in a form other than Class B Shares, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization
or a similar transaction affecting the Company’s outstanding Class B Shares without receipt of consideration, any new, substituted
or additional securities or other property which are by reason of such transaction distributed with respect to any Class B Shares
subject to this Section 6 or into which such Class B Shares thereby become convertible shall immediately be subject to this Section
6 and Section 1(C) hereof. Appropriate adjustments to reflect the distribution of such securities or property shall be made to
the number and/or class of Class B Shares subject to this Section 4 and Section 1(C).

 

Section 5 Termination.
This Agreement may be terminated at any time after March 31, 2021 upon the election by either the Company or the Purchaser
upon written notice to the other party if the closing of the Public Offering does not occur prior to such date.

 

Section 6. Survival of
Representations and Warranties. All of the representations and warranties contained herein shall survive the purchase of the
Securities.

 

Section 7. Definitions.
Terms used but not otherwise defined in this Agreement shall have the meaning assigned to such terms in the registration statement
on Form S-1 the Company plans to file with the U.S. Securities and Exchange Commission, under the Securities Act.

 

Section 8. Miscellaneous.

 

A. Further
Assurances. The Purchaser agrees to execute such further instruments and to take such further action as may reasonably be necessary
to carry out the intent of this Agreement.

 

B. Notices.
All notices, statements or other documents which are required or contemplated by this Agreement shall be in writing and delivered
(i) personally or by certified mail (return receipt requested) or overnight courier service or (ii) by electronic mail, if to the
Company, at the address of its principal offices and any electronic mail address as may be designated in writing by the Company
and, if to the Purchaser, at its address in the books and records of the Company and any electronic mail address as may be designated
in writing by the Purchaser, or to such other addresses as may be designated in writing by the Company or the Purchaser. All such
notices, statements or other documents shall be deemed received on the date of receipt by the recipient thereof if received prior
to 8:00 p.m. on a business day in the place of receipt. Otherwise, any such notices, statements or other documents shall be deemed
to have been received on the next succeeding business day in the place of receipt.

 

C. Successors
and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement by or
on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether
so expressed or not. Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign this Agreement,
other than assignments by the Purchaser to affiliates thereof (including, without limitation one or more of its members).

 

    5

     

    

 

D. Entire
Agreement. This Agreement, together with the Insider Letter and the Registration Rights Agreement to be entered into with respect
to the Securities, each substantially in the form to be filed as an exhibit to the Registration Statement on Form S-1 associated
with the Public Offering, embody the entire agreement and understanding between the Purchaser and the Company with respect to the
subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof.
No statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect,
or be used to interpret, change or restrict, the express terms and provisions of this Agreement.

 

E. Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be
ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

F. Counterparts.
This Agreement may be executed simultaneously in two or more counterparts, none of which need contain the signatures of more than
one party, but all such counterparts taken together shall constitute one and the same agreement.

 

G. Descriptive
Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute
a substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example
rather than by limitation.

 

H. Governing
Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all purposes shall
be construed in accordance with the internal laws of the State of New York.

 

I. Amendments.
This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by
all parties hereto.

 

[Signature Page Follows]

 

    6

     

    

 

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

 

	 	COMPANY:
	 	JAWS JUGGERNAUT ACQUISITION CORP.
	 	 
	 	By:	/s/ Michael Racich
	 		Name:	Michael Racich
	 	 	Title:	Chief Financial Officer
	 	 	 	 
	 	PURCHASER:
	 	JUGGERNAUT SPONSOR LLC
	 	 	 	 
	 	By:	/s/ Michael Racich 
	 	 	Name:	Michael Racich
	 	 	Title:	Chief Financial Officer

 

[Signature Page to Securities
Purchase Agreement]

 

     

     

    

 

EXHIBIT A

 

Warrant Terms

 

	Exercise Price:	 	$11.50 per share, subject to customary adjustments
	Expiration:	 	5 years from closing of initial business combination
	Exercisability:	 	Commencing at the later of 30 days after closing of initial business combination or one year from the closing of the IPO; exercisable for cash or on a cashless basis at the option of the holder

 

     

     

    

 

SCHEDULE I

 

Potential Forfeitures

 

(i) In
the event that (a) the Company determines in its sole discretion to issue fewer than 20,000,000 Units in the Public Offering and/or
(b) the underwriters of the Public Offering (the “Underwriters”) do not exercise their over-allotment
option (the “Over-Allotment Option”) in full, (X) the Purchaser (or, if applicable, it and/or any transferees
of the Private Placement Warrants) shall forfeit a number of Private Placement Warrants (the “Forfeited Warrants”)
equal to (1) the number of Units by which the size of the Public Offering was reduced or as to which the Underwriters did not exercise
their overallotment option multiplied by (2) 0.2 divided by (3) 2.0, and (Y) the Company shall refund from the Purchase Price to
the Purchaser a dollar amount equal to the product of the number of the Forfeited Warrants multiplied by 2.0.

 

(ii) In
the event the Over-Allotment Option is not exercised in full, the Purchaser (or, if applicable, it and/or any transferees of the
Class B Shares) shall forfeit any and all rights to such number of Class B Shares (up to an aggregate of 750,000 (as such amount
may be adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) and pro rata based upon the
percentage of the Over-Allotment Option exercised) such that immediately following such forfeiture, the Purchaser (collectively
with all other initial shareholders of the Company prior to the Public Offering, if any) will own an aggregate of 20% of the issued
and outstanding Ordinary Shares immediately following the Public Offering.

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