Document:

EX-10.1

 Exhibit 10.1 

SUBSCRIPTION AGREEMENT 
 This
Subscription Agreement (as may be amended, supplemented, modified or varied from in accordance with the terms herein, this “Subscription Agreement”), dated as of [•], is made and entered into by and among (i) Lanvin Group
Holdings Limited 复朗集团, a Cayman Islands exempted company limited by shares (“PubCo”),
(ii) Primavera Capital Acquisition Corporation, a Cayman Islands exempted company limited by shares (“SPAC”), and (iii) the party listed as the subscriber on the signature page hereof (the “Subscriber”).
Capitalized terms used but not otherwise defined in this Subscription Agreement have the respective meanings given to them in the Business Combination Agreement (as defined below). 

WHEREAS, on October 13, 2021, Fosun Fashion Holdings (Cayman) Limited, a Cayman Islands exempted company limited by shares formed a new
subsidiary, PubCo. 
 WHEREAS, on November 10, 2021, PubCo formed two new subsidiaries, Lanvin Group Heritage I Limited, a Cayman
Islands exempted company limited by shares and a direct, wholly-owned subsidiary of PubCo (“Merger Sub 1”), and Lanvin Group Heritage II Limited, a Cayman Islands exempted company limited by shares and
wholly-owned subsidiary of PubCo (“Merger Sub 2”). 
 WHEREAS, SPAC, Fosun Fashion Group (Cayman)
Limited, a Cayman Islands exempted company limited by shares (the “Company”) , PubCo, Merger Sub 1 and Merger Sub 2 [are entering][intend to enter]1 into a Business
Combination Agreement (as amended, modified, supplemented or waived from time to time in accordance with its terms, the “Business Combination Agreement” and the closing thereunder, the “Business Combination
Closing”), pursuant to which: (i) SPAC will merge with and into Merger Sub 1 (the “Initial Merger”), with Merger Sub 1 surviving the Initial Merger as a wholly-owned subsidiary of PubCo, (ii) immediately
following the completion of the Initial Merger, Merger Sub 2 will merge with and into the Company (the “Second Merger”), with the Company surviving the Second Merger as a wholly-owned subsidiary of PubCo (the Company
hereinafter referred to for the periods from and after the Second Merger Effective Time as the “Surviving Company”), and (iii) following the completion of the Initial Merger and the Second Merger, Merger Sub 1 will merge with
and into the Surviving Company (the “Third Merger”, and together with the Initial Merger and the Second Merger, the “Mergers”), with the Surviving Company surviving the Third Merger, in each case on the terms and
subject to the conditions set forth therein. 
 WHEREAS, in connection with and subject to the Business Combination Closing, the Subscriber
desires to subscribe for and purchase from PubCo, and PubCo desires to allot, issue and sell to the Subscriber, at the Closing (as defined below), such number of ordinary shares of PubCo, par value US$0.000001 per share, specified on the signature
page hereof (the “Subscription Shares”) for the aggregate subscription price specified on the signature page hereof (the “Subscription Price”), representing a subscription price of US$10.00 per Subscription
Share. 
 NOW, THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this
Subscription Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:  

 

	1 	 NTD: Second alternative is for existing investors who will sign subscription agreement before execution
of the BCA. 

  
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 ARTICLE I 

SUBSCRIPTION 
 1.1 On the
terms and subject to the conditions contained in this Subscription Agreement, at the Closing, PubCo shall issue and sell to the Subscriber, and the Subscriber shall purchase from PubCo, the Subscription Shares for the Subscription Price. The
Subscriber understands and agrees that the Subscriber’s subscription for the Shares shall be deemed to be accepted by PubCo if and when this Subscription Agreement is signed and delivered by a duly authorized person by or on behalf of PubCo;
PubCo may do so in counterpart form. 
 ARTICLE II 

CLOSING 
 2.1 Subject to
the satisfaction or waiver of the conditions set forth in Article III, the closing of the subscription of the Subscription Shares (the “Closing”) shall occur on the same date as the Business Combination
Closing and immediately after the completion of the First Merger and the Second Merger and before the Third Merger (such date being referred to as the “Closing Date”). 

2.2 PubCo shall deliver a written notice (the “Closing Notice”) to the Subscriber at least ten (10) Business Days before
the anticipated date of the Business Combination Closing, specifying the anticipated date of the Business Combination Closing, the aggregate Subscription Price and instructions for wiring the Subscription Price to an account of a third party escrow
agent (the “Escrow Account”) which shall be PubCo’s transfer agent (the “Escrow Agent”) pursuant to an escrow agreement between PubCo and the Escrow Agent (the “Escrow Agreement”). No later
than five (5) Business Days before the anticipated date of the Business Combination Closing specified in the Closing Notice, the Subscriber shall deliver to PubCo such information as is reasonably requested in the Closing Notice in order for
PubCo to issue the Subscription Shares to the Subscriber. 
 2.3 At least two (2) Business Days before the anticipated date of the
Business Combination Closing specified in the Closing Notice, the Subscriber shall deliver the Subscription Price in cash via wire transfer of U.S. dollars in immediately available funds to the Escrow Account, to be held in escrow by the Escrow
Agent pending the Business Combination Closing. The Escrow Agreement will provide that if the Business Combination Closing does not occur within thirty (30) days after the Subscriber delivers the Subscription Price to the Escrow Agent, the
Escrow Agent shall automatically return to the Subscriber the Subscription Price, provided that neither the return of the Subscription Price placed in escrow nor the failure of the Closing to occur on the Closing Date specified in the Closing Notice
shall (i) terminate the Subscription Agreement, (ii) be deemed to be a failure of any of the conditions to Closing set forth in Article III or (iii) otherwise relieve either party of any of its obligations
hereunder. 
 2.4 PubCo shall register the Subscriber as the owner of the Subscription Shares purchased by the Subscriber hereunder in the
register of members of PubCo or with PubCo’s transfer agent by book entry on or promptly after (but in no event more than two (2) Business Days after) the Closing Date. Upon registration of the allotment of Subscription Shares to the
Subscriber (or its nominee, if applicable), the Subscription Price shall be released from the Escrow Agent automatically and without further action by PubCo and the Subscriber. 

  
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 2.5 Each register and book entry for the Subscription Shares shall contain a notation, and
each certificate (if any) evidencing the Subscription Shares 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 OR LAWS.” 
 2.6 At the Closing, the
parties hereto shall execute and deliver, or cause to be executed and delivered, such additional documents and take such additional actions as the parties reasonably may deem to be practical and necessary in order to consummate the Closing as
contemplated by this Subscription Agreement. 
 ARTICLE III 

CLOSING CONDITIONS 
 3.1
The obligation of PubCo and the Subscriber to consummate the Closing are subject to the fulfillment, at or prior to the Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the
mutual written consent of PubCo, SPAC and the Subscriber: 
 (a) the Business Combination Closing shall have been consummated substantially
concurrently with, and immediately prior to, the Closing; and 
 (b) 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
Subscriber of the Subscription Shares. 
 3.2 In addition to the conditions set forth in Section 3.1, the
obligation of the Subscriber to consummate the Closing is subject to the satisfaction or the waiver by the Subscriber, on or prior to the Closing Date of the following conditions: 

(a) the representations and warranties of PubCo set forth in Article IV shall be true and correct as of the date
hereof and as of the 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 PubCo or its ability to consummate the transactions contemplated by this Subscription
Agreement; and 
 (b) PubCo shall have performed, satisfied and complied in all material respects with the covenants, agreements and
conditions required by this Subscription Agreement to be performed, satisfied or complied with by PubCo at or prior to the Closing, except where the failure of such performance or compliance would not or would not reasonably be expected to prevent,
materially delay, or materially impair the ability of PubCo to consummate the Closing. 

  
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 3.3 In addition to the conditions set forth in Section 3.1, the
obligation of PubCo to consummate the Closing is subject to the satisfaction or the waiver by the mutual written consent of PubCo and SPAC, on or prior to the Closing Date of the following conditions: 

(a) the representations and warranties of the Subscriber set forth in Article V shall be true and correct as of the
date hereof and shall be true and correct as of the 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 Subscriber or its ability to consummate the transactions
contemplated by this Subscription Agreement; 
 (b) the Subscriber shall have wired the Subscription Price in accordance with
Section 2.3 and otherwise performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Subscription Agreement to be performed, satisfied or complied with by the
Subscriber at or prior to the Closing; and 
 (c) the Subscriber shall have provided to PubCo the information requested in Schedule A
hereto. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF PUBCO 

PubCo represents and warrants to the Subscriber, the SPAC and the Placement Agents as follows: 

4.1 PubCo 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. 

4.2 The Subscription Shares have been duly authorized and, when allotted, issued and delivered to the Subscriber against full payment of the
Subscription Price in accordance with the terms of this Subscription Agreement, will be validly issued, fully paid and non-assessable and will not have been issued in violation of, or subject to any preemptive
or similar rights created under PubCo’s organizational documents or under the laws of the Cayman Islands. 
 4.3 This Subscription
Agreement, when executed and delivered by PubCo, shall constitute the valid and legally binding obligation of PubCo, enforceable against PubCo in accordance with its terms except (i) 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, (ii) as limited by laws or principles of equity relating to the availability
of specific performance, injunctive relief, or other equitable remedies. 

  
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 4.4 The execution, delivery and performance of this Subscription Agreement by PubCo and the
consummation of the transactions contemplated by this Subscription Agreement by PubCo will not result in any violation or default (i) of any provisions of its organizational documents, (ii) of any instrument, judgment, order, writ or
decree to which it is a party or by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which it is a party or by
which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to PubCo, in each case (other than clause (i)) which would have a material adverse effect on PubCo or its ability to consummate the
transactions contemplated by this Subscription Agreement. 
 4.5 Assuming the accuracy of the representations and warranties made by the
Subscriber in this Subscription 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 PubCo
in connection with the consummation of the transactions contemplated by this Subscription Agreement, except for: (i) filings pursuant to applicable securities laws; (ii) filings required to consummate the Business Combination Closing as
contemplated under the Business Combination Agreement; and (iii) where the failure to obtain of which would not reasonably likely have a material adverse effect on PubCo or its ability to consummate the transactions contemplated by this
Subscription Agreement. 
 4.6 As of the date of this Subscription Agreement, the authorized share capital of PubCo is US$50,000 consisting
of 50,000 shares of a par value of US$1.00 each, one share of which is issued and outstanding. 
 4.7 Neither PubCo nor any of its officers,
directors, employees, agents or shareholders has either directly or indirectly, including, through a broker or finder (i) engaged in any general solicitation, or (ii) published any advertisement in connection with the offer and sale of the
Subscription Shares. 
 4.8 PubCo has not entered into any agreement or arrangement entitling any agent, broker, investment banker,
financial advisor or other person to any broker’s or finder’s fee or any other commission or similar fee in connection with the transactions contemplated by this Subscription Agreement for which the Subscriber could become liable (it being
understood that the Subscriber will effectively bear its pro rata share of any such expense indirectly as a result of its investment in PubCo). Other than Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Cantor
Fitzgerald & Co. (the “Placement Agents”), PubCo is not aware of any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the sale of any Subscription
Shares. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES OF THE SUBSCRIBER 

The Subscriber represents, warrants, acknowledges and agrees, on behalf of itself and each account for which it is subscribing for and
purchasing the Subscription Shares, to PubCo, SPAC and the Placement Agents, as follows: 
 5.1 The Subscriber is duly organized, validly
existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted. 

  
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 5.2 The Subscriber has full power and authority to enter into this Subscription Agreement.
This Subscription Agreement, when executed and delivered by the Subscriber, will constitute the valid and legally binding obligation of the Subscriber, 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, or (ii) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies. 
 5.3 The execution, delivery and performance of this Subscription Agreement by the
Subscriber and the consummation of the transactions contemplated by this Subscription Agreement by the Subscriber (i) have been duly authorized and approved by all necessary and action and (ii) will not result in any violation or default
(a) under its charter, bylaws or other constituent documents or under any law, rule, regulation, agreement or other obligation by which the Subscriber is bound, (b) of any instrument, judgment, order, writ or decree to which it is a party
or by which it is bound, (c) under any note, indenture or mortgage to which it is a party or by which it is bound, (d) under any lease, agreement, contract or purchase order to which it is a party or by which it is bound or (e) of any
provision of federal or state statute, rule or regulation applicable to the Subscriber, in each case (other than clauses (i) and (ii)(a)), which would have a material adverse effect on the Subscriber or its ability to consummate
the transactions contemplated by this Subscription Agreement. 
 5.4 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 Subscriber in connection with the consummation of the transactions contemplated by this Subscription Agreement.

 5.5 (i) The Subscriber is (A) (i) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of
1933, as amended (the “Securities Act”)) or an institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act), in either case satisfying the applicable
requirements set forth on Schedule A hereto; (ii) an “institutional account” as defined in FINRA Rule 4512(c); and (iii) not an entity formed for the specific purpose of acquiring the Subscription Shares, (B) is a
sophisticated investor, experienced in investing in private equity transactions and capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or
securities, including in the participation in the purchase of the Subscription Shares, (C) has determined based on its own independent review and such professional advice as it deems appropriate that its purchase of the Subscription Securities
(i) is fully consistent with its financial needs, objectives and condition, (ii) complies and is fully consistent with all investment policies, guidelines and other restrictions applicable to it and (iii) is a fit, proper and suitable
investment for it, notwithstanding the substantial risks inherent in investing in or holding the Subscription Shares, (D) is acquiring the Subscription Shares only for its own account and not for the account of others, or if the Subscriber is
subscribing for the Subscription Shares as a fiduciary or agent for one or more investor accounts, each owner of such account is a qualified institutional buyer or an institutional accredited investor (within the meaning of Rule 501(a)(1), (2),
(3) or (7) under the Securities Act) and the Subscriber has full investment discretion with respect to each such account, and the full power and authority to make the acknowledgements, representations and agreements herein on behalf of each
owner of each such account, (E) is acquiring the Subscription Shares without a view to, distribution thereof within the meaning of the Securities Act and agrees not to reoffer or resell the Subscription Shares except pursuant to an exemption
from registration under the Securities Act or pursuant to an effective registration statement thereunder (it being understood, however, that the disposition of such person’s property shall at all times be within such person’s control) or
in any manner that would violate the securities laws of the United States or any other jurisdiction (and has provided PubCo with the requested information on Schedule A), and (F) understands that the offering meets the exemptions from
filing under FINRA Rules 5123(b)(1)(A), (C) and (J) and the institutional customer exemption under FINRA Rule 2111(b). The Subscriber further represents and warrants that it is aware the Subscription Shares are being offered under the exemption
from registration provided by Section 4(a)(2) of, or Regulation S under, the Securities Act; provided, however, that it is aware PubCo is not relying specifically on the safe harbor from the registration requirements of the Securities
Act provided by Regulation D under the Securities Act, and PubCo will not file a Form D under the Securities Act with respect to the offer and sale of the Subscription Shares. 

  
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 5.6 If the Subscriber is located outside of the United States and not a U.S. person (a
“Foreign Subscriber”), the Subscriber (A) is acquiring the Subscription Shares in an “offshore transaction” meeting the requirements of Rule 903 of Regulation S under the Securities Act, (B) understands that the
offering meets the exemptions from filing under FINRA Rule 5123(c), (C) is a sophisticated investor, experienced in investing in private equity transactions and capable of evaluating investment risks independently, both in general and with
regard to all transactions and investment strategies involving a security or securities, (D) is aware that the sale to them is being made in reliance on a private placement exemption from, or in a transaction not subject to, registration under
the Securities Act, and the purchaser and the person, if any, for whose account or benefit the purchaser is acquiring the Securities offered pursuant to this Subscription, was located outside of the United States and was not a U.S. person at the
time (x) the offer was made to it and (y) when the buy order for such Subscription Shares was originated, and continues to be located outside of the United States and not to be a U.S. person and has not purchased such Subscription Shares
for the account or benefit of any person located in the United States or who is a U.S. person, or entered into any arrangement for the transfer of such Subscription Shares or any economic interest therein to any person located in the United States
or any U.S. person, (E) is authorized to consummate the purchase of the Subscription Shares offered pursuant to this Subscription Agreement in compliance with all applicable laws and regulations of the jurisdiction where such sales are to be
made, and (F) has not acquired the Subscription Shares as a result of, and will not itself engage in, any “directed selling efforts” (as defined in Rule 902 of Regulation S under the Securities Act) in the United States in
respect of any of the Subscription Shares which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the resale of any of the
Subscription Shares. 
 5.7 The Subscriber understands that the Subscription Shares are being offered in a transaction not involving any
public offering within the meaning of the Securities Act and that the Subscription Shares have not been registered under the Securities Act or any other applicable securities laws of any other jurisdiction, are being offered in transactions not
requiring registration under the Securities Act, and unless so registered, may not be reoffered, resold or otherwise transferred except in compliance with the registration requirements of the Securities Act or any other applicable securities laws,
pursuant to any exemption therefrom or in a transaction not subject thereto. The Subscriber understands that no disclosure or offering document has been prepared in connection with the offer and sale of the Subscription Shares by the Placement
Agents. The Subscriber understands that the Subscription Shares may not be resold, transferred, pledged or otherwise disposed of by the Subscriber absent an effective registration statement under the Securities Act, except (i) to PubCo or a
subsidiary thereof, (ii) to non-U.S. persons pursuant to offers and sales that occur outside the United States within the meaning and subject to the requirements of Regulation S under the
Securities Act or (iii) pursuant to another applicable exemption from the registration requirements of the Securities Act, and that any book-entry position or certificates representing the Subscription Shares shall contain a legend to such
effect. The Subscriber acknowledges that the Subscription Shares will not be eligible for resale pursuant to Rule 144A promulgated under the Securities Act. The Subscriber understands and agrees that the Subscription Shares will be subject to
transfer restrictions and, as a result of these transfer restrictions, the Subscriber may not be able to readily resell the Subscription Shares and may be required to bear the financial risk of an investment in the Subscription Shares for an
indefinite period of time. The Subscriber understands that it has been advised to consult legal counsel and tax and accounting advisors prior to making any offer, resale, pledge or transfer of any of the Subscription Shares. 

  
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 5.8 The Subscriber understands and agrees that the Subscriber is purchasing the Subscription
Shares directly from PubCo. The Subscriber further acknowledges that there have been no representations, warranties, covenants and agreements made to the Subscriber by or on behalf of PubCo, SPAC, the Placement Agents or their respective affiliates
or any of the respective subsidiaries, control persons, officers, directors, employees, partners, agents or representatives, or any other party to the Transaction or any other person or entity, expressly or by implication (including by omission),
other than those representations, warranties, covenants, agreements and statements of PubCo and SPAC expressly set forth in this Subscription Agreement, and the Subscriber is not relying on any other purported representations, warranties, covenants,
agreements or statements (including by omission). The Subscriber acknowledges that certain information provided to the Subscriber by PubCo was based on projections, and such projections were prepared based on assumptions and estimates that are
inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The Subscriber
acknowledges that such information and projections were prepared without the participation of the Placement Agents and that the Placement Agents do not assume responsibility for independent verification of, or the accuracy or completeness of, such
information or projections. 
 5.9 The Subscriber (i) has received, reviewed and understood the offering materials made available to it
in connection with the purchase of the Subscription Shares, including financial and other information as it deems necessary to make its decision to purchase the Subscription Shares, (ii) has had access to, and an adequate opportunity to review,
financial and other information as it deems necessary to make its decision to purchase the Subscription Shares, (iii) has had the opportunity to ask questions of and receive answers from PubCo or any person or persons acting on behalf of PubCo
directly concerning the terms and conditions of an investment in the Subscription Shares, (iv) has conducted and completed its own independent due diligence with respect to the purchase of the Subscription Shares and understands that the
unaudited financial statements and other financial information (whether historical or in the form of financial forecasts or projections) about PubCo have been prepared and reviewed solely by PubCo and its officers and employees and have not been
reviewed by any outside party or certified or audited by an independent third-party auditor or audit firm and (v) acknowledges that no statement or printed material which is contrary to the offering materials has been made or given to it by or
on behalf of PubCo. Based on such information as it has deemed appropriate and without reliance upon the Placement Agents, it has independently made its own analysis and has relied solely on such independent investigation in making its decision to
subscribe for and purchase the Subscription Shares. 

  
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 5.10 The Subscriber’s acquisition and holding of the Subscription Shares will not
constitute or result in a non-exempt prohibited transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended, Section 4975 of the Internal Revenue Code
of 1986, as amended, or any applicable similar law. 
 5.11 The Subscriber acknowledges and agrees that the Subscriber has received, and had
adequate opportunity to review such information as the Subscriber deems necessary in order to make an investment decision with respect to the Subscription Shares, including with respect to PubCo, SPAC and the Transactions, and is satisfied
concerning the relevant tax and other economic considerations relevant to the Subscriber’s investment in the Subscription Shares. The Subscriber and the Subscriber’s professional advisor(s) have had the full opportunity to ask such
questions, receive such answers and obtain such information as the Subscriber and the Subscriber’s professional advisor(s) have deemed necessary, including directly concerning the terms and conditions of an investment in the Subscription
Shares, to make an investment decision with respect to the Subscription Shares. Neither the Placement Agents nor any of their affiliates have made or make any representation or warranty, whether express or implied, of any kind or character as to
PubCo, SPAC or the quality or value of the Subscription Shares. The Subscriber acknowledges (i) that the Placement Agents and any of their respective affiliates currently may have, or later may come into possession of, information concerning
PubCo that is not known to the Subscriber and that may be material to a decision to purchase the Subscription Shares, (ii) the Subscriber has determined to subscribe for and purchase the Subscription Shares notwithstanding its lack of knowledge
of such non-public information and (iii) the Subscriber agrees such non-public information need not be provided to it and the Placement Agents shall have no
liability to the Subscriber and the Subscriber, to the extent permitted by law, waives and releases any claims it may have against the Placement Agents with respect to the nondisclosure of such non-public
information. 
 5.12 The Subscriber became aware of this offering of the Subscription Shares solely by means of direct contact between the
Subscriber, on the one hand, and PubCo, SPAC, the Company, the Placement Agents or their respective advisors (including without limitation, attorneys, accountants, bankers, consultants, financial advisors), agents, control persons, representatives,
affiliates, directors, officers, managers, members, and/or employees, and/or the representatives of such persons (such parties, collectively “Representatives”), on the other hand. The Subscription Shares were offered to the
Subscriber solely by direct contact between the Subscriber and PubCo, SPAC, the Company and the Placement Agents or their respective Representatives. The Subscriber is not relying upon, and has not relied upon, any statement, representation or
warranty made by any other person, firm or corporation (including, without limitation, PubCo, SPAC, the Company, the Placement Agents, any of their affiliates or any of their respective control persons, officers, directors or employees), other than,
with respect to PubCo but not the Placement Agents, the representations and warranties contained in Article IV, in making its investment or decision to invest in PubCo. The Subscriber agrees that none of the Placement
Agents nor any of their affiliates have acted as a financial advisor or fiduciary to the Subscriber and that none of PubCo, SPAC, the Company, the Placement Agents or their respective Representatives shall be liable to the Subscriber for any action
heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Subscription Shares. The Subscriber did not become aware of this offering of the Subscription Shares, nor were the Subscription Shares offered
to the Subscriber, by any other means, and none of PubCo, SPAC, the Company, the Placement Agents or their respective Representatives acted as investment adviser, broker or dealer to the Subscriber. Subscriber acknowledges that the Subscription
Shares (i) were not offered by any form of general solicitation or general advertising, including methods described in Section 502(c) of Regulation D under the Securities Act and (ii) are not being offered in a manner involving a
public offering registered under the Securities Act, or any state and applicable securities laws. 

  
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 5.13 The Subscriber understands that its agreement to purchase and the intention to hold the
Subscription Shares involves a high degree of risk which could cause the Subscriber to lose all or part of its investment. The Subscriber has such knowledge and experience in financial and business matters as to be capable of evaluating the merits
and risks of an investment in the Subscription Shares, and the Subscriber has sought such accounting, legal, business and tax advice as the Subscriber has considered necessary to make an informed investment decision. The Subscriber acknowledges that
its purchase of Subscription Shares (i) is fully consistent with the Subscriber’s financial needs, objectives and condition, (ii) complies and is fully consistent with all of the Subscriber’s applicable investment policies,
guidelines and other restrictions, (iii) has been duly authorized and approved by all necessary action (corporate or otherwise), and (iv) does not and will not violate or constitute a default under the Subscriber’s charter, by-laws or other constituent documents or under any law, rule, regulation, agreement or other obligation by which the Subscriber is bound and is a fit, proper and suitable investment, notwithstanding the substantial
risks inherent in investing in or holding the Subscription Shares. The Subscriber is able to fend for itself in the purchase of the Subscription Shares and has such knowledge and experience in financial and business matters as to be capable of
evaluating the merits and risks of its investment in the Subscription Shares and has the ability to bear the economic risks of its prospective investment and can afford the complete loss of such investment. 

5.14 The Subscriber understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the
Subscription Shares or made any findings or determination as to the fairness of this investment. 
 5.15 The Subscriber is not (i) a
person or entity named on the List of Specially Designated Nationals and Blocked Persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive Order issued by the President
of the United States and administered by OFAC, or any other list of prohibited or restricted parties promulgated by OFAC, the U.S. Department of Commerce, the U.S. Department of State, the United Nations Security Council, the European Union, Her
Majesty’s Treasury or other relevant sanctions authority (“Consolidated Sanctions Lists”), or a person or entity prohibited or restricted by any OFAC sanctions program, or a person or entity whose property and interests in
property subject to U.S. jurisdiction are otherwise blocked under any U.S. laws, Executive Orders or regulations, (ii) an entity owned, directly or indirectly, individually or in the aggregate, 50 percent or more by, acting on behalf of,
or controlled by, one or more persons described in subsections (i) or (ii), (iii) organized, incorporated, established, located, resident or born in, or a citizen, national or the government, including any political subdivision, agency or
instrumentality thereof, of, Cuba, Iran, North Korea, Syria, or the Crimea, so-called Donetsk People’s Republic or so-called Luhansk People’s Republic regions
of Ukraine, or any other country or territory embargoed or subject to trade restrictions by the United States, (iv) a person or entity named on the U.S. Department of Commerce, Bureau of Industry and Security (“BIS”) Denied
Persons List, Entity List, Military End User List or Unverified List or the U.S. Department of State’s Debarred List, (v) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515, or (vi) a non-U.S. shell bank or is providing banking services indirectly to a non-U.S. shell bank. (collectively, (i) through (vi), a “Restricted Person”). The
Subscriber agrees to provide law enforcement agencies, if requested thereby, records relating to its sanctions compliance as required by applicable law, provided that the Subscriber is permitted to do so under applicable law. The Subscriber
represents that no monies used to purchase the Subscription Shares have been or will be derived from any Restricted Person, or from activity undertaken in violation of sanctions laws, anti-money laundering laws, or Anti-Corruption Laws. The
Subscriber also represents that if it is a financial institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.), as amended by the USA PATRIOT Act of 2001 and its implementing regulations (collectively, the
“BSA/PATRIOT Act”) or any other applicable anti-money laundering laws or regulations, that the Subscriber maintains policies and procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act or other
applicable anti-money laundering laws or regulations. The Subscriber also represents that, to the extent required and permitted by applicable law, it maintains policies and procedures reasonably designed for the screening of its investors against
the OFAC and BIS sanctions programs and the Consolidated Sanctions Lists, including for Restricted Persons, and otherwise to ensure compliance with all applicable sanctions and embargo laws, statutes, and regulations. The Subscriber further
represents and warrants that, to the extent required and permitted by applicable law, it maintains policies and procedures reasonably designed to ensure that the funds held by Subscriber and used to purchase the Subscription Shares were legally and
were not obtained, directly or indirectly, from a Restricted Person. “Anti-Corruption Laws” is defined to mean applicable laws or regulations relating to anti-bribery or anti-corruption, including without limitation, the U.S.
Foreign Corrupt Practices Act and the UK Bribery Act 2010, in each case as amended from time to time. 

  
 10 

 5.16 The Subscriber does not have, as of the date hereof, and during the 30-day period immediately prior to the date hereof, the Subscriber has not entered into, any “put equivalent position” as such term is defined in Rule 16a-1 under
the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or short sale positions with respect to the securities of PubCo or SPAC. Notwithstanding the foregoing, in the case of the Subscriber that is a multi-managed
investment vehicle whereby separate portfolio managers manage separate portions of the Subscriber’s assets and the portfolio managers have no direct knowledge of the investment decisions made by the portfolio managers managing other portions of
the Subscriber’s assets, the representation set forth in this Section 5.17 shall only apply with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase the Subscription Shares
covered by this Subscription Agreement. 
 5.17 If the Subscriber is an employee benefit plan that is subject to Title I of ERISA, a plan,
an individual retirement account or other arrangement that is subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”), or an employee benefit plan that is a governmental plan (as defined in
Section 3(32) of ERISA), a church plan (as defined in Section 3(33) of ERISA), a non-U.S. plan (as described in Section 4(b)(4) of ERISA) or other plan that is not subject to the foregoing but
may be subject to provisions under any other federal, state, local, non-U.S. or other laws or regulations that are similar to such provisions of ERISA or the Code, or an entity whose underlying assets are
considered to include “plan assets” of any such plan, account or arrangement (each, a “Plan”) subject to the fiduciary or prohibited transaction provisions of ERISA or Section 4975 of the Code or other laws or
regulations that are similar to such provisions, then the Subscriber represents and warrants that neither PubCo, SPAC, nor any of its respective affiliates (the “Transaction Parties”) has acted as the Plan’s fiduciary, or has
been relied on for advice, with respect to its decision to acquire and hold the Subscription Shares, and none of the Transaction Parties shall at any time be relied upon as the Plan’s fiduciary with respect to any decision to acquire, continue
to hold or transfer the Subscription Shares. 

  
 11 

 5.18 The Subscriber has, or has received binding and enforceable commitments to have, and at
the Closing will have, sufficient immediately available funds to pay the Subscription Price and consummate the Closing. 
 5.19 The
Subscriber understands and agrees not to engage in any hedging transactions involving any of the Subscription Shares unless such transactions are in compliance with the provisions of the Securities Act and in each case only in accordance with
applicable state securities laws. 
 5.20 No broker, finder or other financial consultant has acted on behalf of Subscriber in connection
with this Subscription Agreement or the transactions contemplated hereby in such a way as to create any liability on PubCo or SPAC. 
 5.21
If the Subscriber is a Foreign Subscriber, the Subscriber (i) is knowledgeable of, or has been independently advised as to, the applicable securities laws of the securities regulators having application in the jurisdiction in which the
Subscriber is resident (the “International Jurisdiction”) which would apply to the acquisition of the Subscription Shares, (ii) is purchasing the Subscription Shares pursuant to exemptions from prospectus or equivalent
requirements under applicable securities laws or, if such is not applicable, the Subscriber is permitted to purchase the Subscription Shares under the applicable securities laws of the securities regulators in the International Jurisdiction without
the need to rely on any exemptions, (iii) acknowledges that the applicable securities laws of the authorities in the International Jurisdiction do not require PubCo to make any filings or seek any approvals of any kind whatsoever from any
securities regulator of any kind whatsoever in the International Jurisdiction in connection with the issue and sale or resale of any of the Subscription Shares, and (iv) represents and warrants that the acquisition of the Subscription Shares by
the Subscriber does not trigger: (x) any obligation to prepare and file a prospectus or similar document, or any other report with respect to such purchase in the International Jurisdiction, (y) any continuous disclosure reporting
obligation of PubCo in the International Jurisdiction, and the Subscriber will, if requested by PubCo, deliver to PubCo a certificate or opinion of local counsel from the International Jurisdiction which will confirm the matters referred to in
subparagraphs (ii), (iii) and (iv) above to the satisfaction of PubCo, acting reasonably. 
 5.22 The Subscriber acknowledges that, in
addition to acting as Placement Agent for SPAC with respect to the Transactions, Cantor Fitzgerald & Co. is acting as financial advisor to the Company in connection with the Transactions and that Citigroup Global Markets Inc. and Credit
Suisse Securities (USA) LLC are acting as capital markets advisors to the Company with respect to the Transaction. 
 5.23 The Placement
Agents and their directors, officers, employees, affiliates, representatives and controlling persons have made no independent investigation with respect to the Company, PubCo, SPAC or the Subscription Shares or the accuracy, completeness or adequacy
of any information supplied to them by PubCo, the Company or SPAC. 
 5.24 Prior to the Closing, the Subscriber agrees to promptly notify
the PubCo, SPAC and the Placement Agents if any of the acknowledgments, understandings, agreements, representations and warranties of such party set forth herein are, to its knowledge, no longer accurate. 

  
 12 

 ARTICLE VI 

NO OTHER REPRESENTATIONS AND WARRANTIES 

6.1 Except for the specific representations and warranties contained in Article IV, none of PubCo nor any person on
behalf of PubCo, including without limitation any placement agent for the sale of the Subscription Shares nor any of PubCo’s affiliates or representatives (collectively, the “PubCo Parties”) has made, makes or shall be deemed
to make any other express or implied representation or warranty with respect to PubCo, the Transactions, the offering of the Subscription Shares, the transaction contemplated hereby or any other matter, and the PubCo Parties disclaim any such
representation or warranty. Except for the specific representations and warranties expressly made by PubCo in Article IV and in any certificate or agreement delivered by PubCo pursuant hereto, the Subscriber specifically
disclaims that it, or anyone on its behalf, is relying upon any other representations or warranties that may have been made by any PubCo Party. 

6.2 Except for the specific representations and warranties contained in this Article V and in any certificate or
agreement delivered pursuant hereto, none of the Subscriber nor any person acting on behalf of the Subscriber nor any of the Subscriber’s affiliates (collectively, the “Subscriber Parties”) has made, makes or shall be deemed to
make any other express or implied representation or warranty with respect to the Subscriber and this offering, and the Subscriber Parties disclaim any such representation or warranty. Except for the specific representations and warranties expressly
made by the Subscriber in Article V and in any certificate or agreement delivered by the Subscriber pursuant hereto, each of PubCo and SPAC specifically disclaims that it, or anyone on its behalf, is relying upon any other
representations or warranties that may have been made by any Subscriber Party. 
 ARTICLE VII 

REGISTRATION RIGHTS 
 7.1
The Subscriber shall have registration rights as set forth in Exhibit A hereto. 
 ARTICLE VIII 

NO SHORT SALES 
 8.1 For
purposes of this Article VIII, “Short Sales” shall mean all “short sales” as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and all short positions effected through
any direct or 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),
or sales or other short transactions through non-U.S. broker dealers or foreign regulated brokers. Notwithstanding the foregoing, (i) nothing in this Article VIII shall prohibit
other entities under common management with Subscriber that have no knowledge of this Subscription Agreement or of Subscriber’s Subscription (including Subscriber’s controlled affiliates and/or affiliates) from entering into any Short
Sales and (ii) in the case of an Investor that is a multi-managed investment vehicle whereby separate portfolio managers manage separate portions of such Investor’s assets and the portfolio managers have no knowledge of the investment
decisions made by the portfolio managers or desks managing other portions of such Investor’s assets, the limitations set forth in the first sentence of this Article VIII shall only apply with respect to the portion of
assets managed by the portfolio managers or desks that made the investment decision to purchase the Subscription Shares covered by this Subscription Agreement. 

  
 13 

 ARTICLE IX 

TRUST ACCOUNT WAIVER 
 9.1
The Subscriber acknowledges that SPAC is a blank check company with the powers and privileges to effect a merger, share exchange, asset acquisition, share exchange, asset acquisition, stock purchase, reorganization or similar business combination
with one or more businesses. The Subscriber further acknowledges that, as described in the final prospectus of SPAC, dated January 21, 2021, related to its initial public offering (the “Prospectus”) available at www.sec.gov,
substantially all of SPAC’s assets consist of the cash proceeds of SPAC’s initial public offering and private placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust
Account”) for the benefit of SPAC, its public shareholders and the underwriters of SPAC’s initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to SPAC to pay its
tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth in the Prospectus. For and in consideration of PubCo and SPAC entering into this Subscription Agreement, the receipt and sufficiency of which are
hereby acknowledged, the Subscriber, on behalf of itself and its Representatives, hereby (i) agrees that it does not now and shall not at any time thereafter have any right, title and interest, or any claim of any kind they have or may have in
the future, in or to any monies held in the Trust Account, and shall not make any claim against the Trust Account, in each case, to the extent such claim arises as a result of, in connection with or relating in any way to this Subscription Agreement
or any other matter, and regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability (any and all such claims are collectively referred to hereafter as the “Released Claims”), (ii)
irrevocably waives any Released Claims that it may have against the Trust Account now or in the future as a result of, or arising out of, any negotiations, contracts or agreements with PubCo or SPAC, and (iii) will not seek recourse against the
Trust Account for any reason whatsoever. The Subscriber agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against the Trust Account as a result of, or arising out of, this Subscription Agreement, the
transactions contemplated hereby or the Subscription Shares regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability. The Subscriber acknowledges and agrees that it shall not have any redemption
rights with respect to the Subscription Shares pursuant to PubCo’s organizational documents in connection with the Transactions or any other business combination, any subsequent liquidation of the Trust Account, SPAC or PubCo or otherwise. In
the event the Subscriber has any claim against PubCo or SPAC as a result of, or arising out of, this Subscription Agreement, the transactions contemplated hereby or the Subscription Shares, it shall pursue such claim solely against PubCo, SPAC and
their assets outside the Trust Account and not against the Trust Account or any monies or other assets in the Trust Account. 

ARTICLE X 
 TERMINATION

 10.1 This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of
the parties hereto hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earliest to occur of (a) the termination of the Business Combination Agreement in accordance with its terms without
the Business Combination Closing having occurred, (b) the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement, (c) if any of the conditions to the Closing set forth in Article III are not
satisfied, and are not waived by the party entitled to grant such waiver, on or prior to the Closing and, as a result thereof, the transactions contemplated by this Subscription Agreement are not consummated immediately after the Business
Combination Closing and (d) the Outside Date, if the Business Combination Closing has not occurred on or before such date; provided, that no termination of this Subscription Agreement will relieve any party hereto from liability for any
willful breach hereof prior to the time of such termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages arising from such breach. PubCo shall notify the Subscriber of the termination
of the Business Combination Agreement promptly after such termination. Notwithstanding the foregoing, Article IX, this Article X and Article XI shall survive the
termination of this Subscription Agreement. 

  
 14 

 ARTICLE XI 

GENERAL PROVISIONS 
 11.1
Third-Party Beneficiaries. Each party hereto acknowledges that the Placement Agents are relying on the acknowledgements, understandings, agreements, representations and warranties contained in this Subscription Agreement and further acknowledges
that the Placement Agents are third-party beneficiaries with the right of enforcement of Article IV, Article V, Article VI and this Article XI, in each case, on their own behalf and not, for the avoidance of doubt, on behalf of PubCo, SPAC or the
Company. The Subscriber acknowledges and agrees that the purchase by the Subscriber of Subscription Shares from PubCo will constitute a reaffirmation of the acknowledgements, understandings, agreements, representations and warranties herein by the
Subscriber as of the time of such purchase. Except as expressly provided in this Subscription Agreement, including this Section 11.1, a person who is not a party to this Subscription Agreement has no right to enforce any
term of, or enjoy any benefit under this Subscription Agreement. 
 11.2 Non-Reliance and
Exculpation. 
 (a) The Subscriber acknowledges and agrees that (i) each of the Placement Agents is acting solely as placement agent in
connection with the purchase of the Subscription Shares and is not acting as an underwriter or in any other capacity, except as set forth herein, and is not and shall not be construed as a fiduciary for any Subscriber, the Company, SPAC, PubCo or
any other person or entity in connection with the purchase of the Subscription Shares, (ii) the Placement Agents have not made and will not make any representation or warranty, whether express or implied, of any kind or character and have not
provided any advice or recommendation in connection with the purchase of the Subscription Shares and (iii) the Placement Agents will have no responsibility or liability with respect to (A) any representations, warranties or agreements made
by any person or entity under or in connection with the purchase of the Subscription Shares or any of the documents furnished pursuant thereto or in connection therewith, or the execution, legality, validity or enforceability (with respect to any
person) thereof, or (B) the business, affairs, financial condition, operations, properties or prospects of, or any other matter concerning the Company, PubCo, SPAC or the purchase of the Subscription Shares. 

(b) The Subscriber further agrees that neither the Placement Agents nor any of their affiliates or any of their or their respective
affiliates’ control persons, officers, directors or employees, shall be liable (including in contract, tort, under federal or state securities laws or otherwise) to the Subscriber pursuant to this Subscription Agreement for any action
heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Subscription Shares. On behalf of itself and its affiliates and any of its or their respective control persons, officers, directors or
employees, the Subscriber releases the Placement Agents in respect of any losses, claims, damages, obligations, penalties, judgments, awards, liabilities, costs, expenses or disbursements related to this Subscription Agreement or the transactions
contemplated hereby. The Subscriber agrees not to commence any litigation or bring any claim against the Placement Agent in any court or any other forum which relates to, may arise out of, or is in connection with, the placement of the Subscription
Shares. The Subscriber undertook this investment freely and after obtaining independent legal advice. 

  
 15 

 11.3 Notices. All general notices, demands or other communications required or
permitted to be given or made hereunder shall be in writing and delivered personally or sent by courier or sent by registered post or sent by electronic mail to the intended recipient thereof at its address or at its email address set out below (or
to such other address or email address as a party may from time to time notify the other parties). Any such notice, demand or communication shall be deemed to have been duly served (a) if given personally or sent by courier, upon delivery
during normal business hours at the location of delivery or, if later, then on the next Business Day after the day of delivery; (b) if sent by electronic mail during normal business hours at the location of delivery, immediately, or, if later,
then on the next Business Day after the day of delivery; (c) the third Business Day following the day sent by reputable international overnight courier (with written confirmation of receipt), and (d) if sent by registered post, five days
after posting. The initial addresses and email addresses of the Parties for the purpose of this Subscription Agreement are: 
 If to SPAC:

 Primavera Capital Acquisition Corporation 

41/F Gloucester Tower 
 15
Queen’s Road Central 
 Hong Kong 

Attention: Max Chen, Chief Executive Officer 

Email: max.chen@primavera-capital.com 

with a required copy (which shall not constitute notice) to: 

Simpson Thacher & Bartlett LLP 

3901 China World Tower A 
 1
Jianguomenwai Avenue 
 Beijing 100004, China 

Attention: Yang Wang 
 Email:
yang.wang@stblaw.com 
 with a second required copy (which shall not constitute notice) to: 

Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 
 New York,
New York 10017 
 Attention: Mark Brod / Daniel Webb 

Email: mbrod@stblaw.com / dwebb@stblaw.com 

  
 16 

 If to PubCo: 

LANVIN GROUP HOLDINGS LIMITED 复朗集团 
 3701-02, Tower S2, Bund Finance
Center, 600 Zhongshan Rd East 
 No.2, Shanghai, 200010, China 

Attention: Yun CHENG / Gong CHENG 

Email: joann.cheng@lanvin-group.com / roy.cheng@lanvin-group.com 

with a required copy (which shall not constitute notice) to: 

DLA Piper Singapore Pte. Ltd. 

80 Raffles Place, 
 #48-01 UOB Plaza 1, 
 Singapore 048624 

Attention: Joseph E. Bauerschmidt 

Email: Joe.Bauerschmidt@dlapiper.com 

with a second required copy (which shall not constitute notice) to: 

DLA Piper Hong Kong 
 25th
Floor, 
 Three Exchange Square, 

8 Connaught Place, Central, 

Hong Kong 
 Attention: Christina
Loh 
 Email: Christina.Loh@dlapiper.com 

If to the Subscriber: 
 At the
Subscriber’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 11.1. 
 11.4 Survival of Representations and Warranties. All of the representations and warranties
contained herein shall survive the Closing. 
 11.5 Entire Agreement. This Subscription 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. 

11.6 Successors. All of the terms, agreements, covenants, representations, warranties, and conditions of this Subscription Agreement
are binding upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing in this Subscription 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 Subscription Agreement, except as expressly provided in this Subscription Agreement. 

  
 17 

 11.7 Assignments; Successors and Permitted Assigns. No party hereto may assign either
this Subscription Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other parties, except that the Subscriber may assign its rights and obligations under this Subscription Agreement to one
or more of its affiliates or another person acceptable to PubCo, provided that no such assignment shall relieve the Subscriber of its obligations hereunder if any such affiliate fails to perform such obligations. Except as otherwise provided herein,
this Subscription Agreement shall be binding upon, and inure to the benefit of the parties hereto and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations, warranties,
covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs, executors, administrators, successors, legal representatives and permitted assigns. 

11.8 Counterparts. This Subscription Agreement may be executed in two or more counterparts (including by facsimile or electronic mail
or in .pdf), each of which will be deemed an original but all of which together will constitute one and the same instrument. 
 11.9
Headings. The section headings contained in this Subscription Agreement are inserted for convenience only and will not affect in any way the meaning or interpretation of this Subscription Agreement. 

11.10 Governing Law; Arbitration. This Subscription Agreement, and any claim or cause of action hereunder based upon, arising out of or
related to this Subscription Agreement (whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution, performance or enforcement of this Subscription Agreement, shall be governed by and construed in
accordance with the Laws of the State of New York, without giving effect to the principles of conflicts of laws that would otherwise require the application of the Laws of any other jurisdiction. All disputes arising out of or in connection with
this Subscription Agreement shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules. The place or legal seat of arbitration shall be Hong
Kong. The official language of the arbitration shall be English. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties hereto irrevocably
and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum. 

11.11 Amendments. This Subscription Agreement may not be amended, modified or waived as to any particular provision, except with the
written consent of PubCo, SPAC and the Subscriber. 
 11.12 Severability. The provisions of this Subscription 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 Subscription 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.

  
 18 

 11.13 Expenses. Each of PubCo, SPAC and the Subscriber will bear its own costs and
expenses incurred in connection with the preparation, execution and performance of this Subscription Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses of agents, representatives, financial
advisors, legal counsel and accountants. PubCo shall be responsible for the fees of its transfer agent, stamp taxes and all of the DTC’s fees associated with the issuance of the Subscription Shares. 

11.14 Construction. The parties hereto have participated jointly in the negotiation and drafting of this Subscription Agreement. If an
ambiguity or question of intent or interpretation arises, this Subscription 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 Subscription 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 requires. The words “this Subscription Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to this Subscription 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. 
 11.15 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. 
 11.16 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 PubCo or SPAC, the parties hereto shall keep confidential and
shall not publicly disclose the existence or terms of this Subscription Agreement. 
 11.17 Specific Performance. The parties hereto
agree that irreparable damage would occur in the event that any provision of this Subscription Agreement was not performed 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 parties shall be entitled to enforce specifically the terms and provisions of this Subscription Agreement and may also seek preliminary injunctive relief in any
court of competent jurisdiction in addition to any other remedy to which such party is entitled at law or in equity. 
 [Remainder of page
intentionally left blank] 

  
 19 

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

			
	SUBSCRIBER:
		
	[•]	 	
		
	By:	 	              

		 	Name:
		 	Title:

  

	
	Address for Notices:
	
	Email: [•]
	Fax: [•]
	Telephone Number: [•]
	Subscriber’s EIN: [•]

  

			
	Number of Subscription Shares:	  	[•]
	Purchase Price per Subscription Share:	  	USD10.00
	Aggregate Purchase Price for Subscription Shares:	  	USD[•]
	[Name in which the Subscription Shares are to be registered (if different):]	  	[•]

 [Heritage – Signature Page to PIPE Subscription Agreement] 

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

			
	PUBCO:
	
	LANVIN GROUP HOLDINGS LIMITED
	复朗集团
		
	By:	 	
                 

		 	Name:
		 	Title:

 [Heritage – Signature Page to PIPE Subscription Agreement] 

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

			
	SPAC:
	
	PRIMAVERA CAPITAL ACQUISITION CORPORATION
		
	By:	 	              

		 	Name:
		 	Title:

 [Heritage – Signature Page to PIPE Subscription Agreement]EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
 SPONSOR SUPPORT
DEED 
 This Sponsor Support Deed (as may be amended, supplemented, modified or varied in accordance with the terms herein, this
“Deed”) is dated as of March 23, 2022, by and among Primavera Capital Acquisition Corporation, an exempted company incorporated with limited liability under the laws of the Cayman Islands (“SPAC”), Fosun
Fashion Group (Cayman) Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Company”), Lanvin Group Holdings Limited
复朗集团, an exempted company incorporated with limited liability under the laws of the Cayman Islands
(“PubCo”), Primavera Capital Acquisition LLC, a Cayman Islands limited liability company (the “Sponsor”) and the other Persons set forth on Schedule I hereto (together with the Sponsor, each, a
“Sponsor Party” and, together, the “Sponsor Parties”). Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Business Combination Agreement (as defined below).

 RECITALS 
 WHEREAS,
as of the date hereof, each Sponsor Party is the holder of record and the “beneficial owners” (within the meaning of Rule 13d-3 under the Exchange Act) of such number of SPAC Class B Ordinary
Shares (such SPAC Class B Ordinary Shares, together with any SPAC Shares acquired by such Sponsor Party after the date of this Deed and during the term of this Deed, collectively referred to herein as the “Subject Shares” of
such Sponsor Party) and such number of SPAC Warrants (such SPAC Warrants, together with any SPAC Warrants acquired by such Sponsor Party after the date of this Deed and during the term of this Deed, the “Subject Warrants” of such
Sponsor Party) set forth opposite its name on Schedule I hereto; 
 WHEREAS, concurrently with the execution and delivery of this
Deed, SPAC, the Company, PubCo and certain other parties thereto are entering into a Business Combination Agreement (as may be amended, restated, modified or supplemented from time to time, the “Business Combination Agreement”),
pursuant to which, among other things, SPAC will merge with and into Merger Sub 1 (with Merger Sub 1 surviving such merger as a wholly-owned subsidiary of PubCo) and Merger Sub 2 will merge with and into the Company (with the Company surviving such
merger as a wholly-owned subsidiary of PubCo) upon the terms and subject to the conditions set forth therein; and 
 WHEREAS, as a condition
to the willingness of the Company and PubCo to enter into the Business Combination Agreement and to consummate the transactions contemplated therein, the parties hereto desire to agree to certain matters as set forth herein. 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, and intending to be legally bound hereby, the
parties hereto agree as follows: 
 ARTICLE I 

SPONSOR SUPPORT AGREEMENT; COVENANTS 

1.1 Binding Effect of Business Combination Agreement. Each Sponsor Party hereby acknowledges that it has read the Business Combination
Agreement and this Deed. Each Sponsor Party shall be bound by and comply with Section 8.2 (Non-Solicit), Section 8.3 (Preparation of Joint Proxy Statement/Prospectus; SPAC
Shareholders’ Meeting and Approvals; Company Shareholders’ Meeting and Approvals) and Section 11.11 (Publicity) of the Business Combination Agreement as if such Sponsor Party was an original signatory to the Business
Combination Agreement with respect to such provisions. 
  

 1.2 No Transfer. Other than pursuant to this Deed, each Sponsor Party shall not,
directly or indirectly, (i) lend, sell, transfer, tender, grant, charge, mortgage, pledge or otherwise encumber, grant a security interest in, assign or otherwise dispose of (including by gift, tender or exchange offer, merger or operation of
law), encumber, hedge or utilize a derivative to transfer the economic interest in (collectively, “Transfer”), or enter into any Contract, option or other arrangement (including any profit sharing arrangement) with respect to the
Transfer of, any Subject Shares to any Person other than pursuant to the Initial Merger, (ii) grant any proxies or enter into any voting arrangement, whether by proxy, voting agreement, voting trust, voting deed or otherwise (including pursuant
to any loan of Subject Shares), or enter into any other agreement, with respect to any Subject Shares, (iii) take any action that would make any representation or warranty of such Sponsor Party herein untrue or incorrect in any material
respect, or have the effect of preventing or disabling such Sponsor Party from performing its material obligations hereunder, or (iv) commit or agree to take any of the foregoing actions or take any other action or enter into any Contract that
would reasonably be expected to make any of its representations or warranties contained herein untrue or incorrect or would have the effect of preventing or delaying such Sponsor Party from performing any of its material obligations hereunder. Any
action attempted to be taken in violation of the preceding sentence will be null and void. Each Sponsor Party hereby authorizes and requests SPAC to notify SPAC’s transfer agent that there is a stop transfer order with respect to all of the
Subject Shares (and that this Deed places limits on the voting of the Subject Shares). Each Sponsor Party agrees with, and covenants to, SPAC, PubCo and the Company that such Sponsor Party shall not request that SPAC register the Transfer (by
book-entry or otherwise) of any certificated or uncertificated interest representing any of its Subject Shares. 
 1.3 New Shares. In
the event (i) any SPAC Shares, SPAC Warrants or other securities of SPAC are issued or otherwise distributed to a Sponsor Party pursuant to any share dividend or distribution, or any change in any of the SPAC Shares or other share capital of
SPAC by reason of any share sub-division, recapitalization, consolidation, exchange of shares or the like (in all cases in respect of securities of SPAC), (ii) a Sponsor Party acquires legal or beneficial
ownership of any SPAC Shares after the date of this Deed, or (iii) a Sponsor Party acquires the right to vote or share in the voting of any SPAC Share after the date of this Deed (together the “New Securities”), the Subject
Shares of such Sponsor Party shall be deemed to refer to and include such New Securities (including all such share dividends and distributions and any securities into which or for which any or all of the Subject Shares may be changed or exchanged
into). 
 1.4 Sponsor Agreements. 

(a) Each Sponsor Party hereby unconditionally and irrevocably agrees that, at any meeting of the shareholders of SPAC called to seek the SPAC
Shareholders Approval, or at any adjournment or postponement thereof, or in any other circumstance in which the vote, consent or other approval of the shareholders of SPAC with respect to the Business Combination Agreement, any other Transaction
Document, the Initial Merger or any other Transaction is sought, such Sponsor Party shall, (i) if a meeting is held, appear at such meeting or otherwise cause all of its Subject Shares to be counted as present thereat for purposes of
establishing a quorum and (ii) vote or cause to be voted (including by class vote and/or written resolution and/or consent, if applicable) the Subject Shares: 

  
 2 

 (i) in favor of granting the SPAC Shareholders Approval or, if there are insufficient votes
in favor of granting the SPAC Shareholders Approval, in favor of the adjournment or postponement of such meeting of the shareholders of SPAC to a later date; 

(ii) against (A) any business combination agreement, merger agreement or merger (other than the Business Combination Agreement and the
Initial Merger), scheme of arrangement, business combination, consolidation, combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by SPAC or any public offering of any securities of
SPAC, (B) any SPAC Acquisition Proposal, and (C) any amendment of the SPAC Articles or other proposal or transaction involving SPAC or any of its Subsidiaries, which would be reasonably likely to, in any material respect, impede, interfere
with, delay or attempt to discourage, frustrate the purposes of, result in a breach by SPAC of, prevent or nullify any provision of the Business Combination Agreement or any other Transaction Document, the Initial Merger, any other Transaction or
change in any manner the voting rights of any class of SPAC’s share capital. 
 (b) Each Sponsor Party represents and warrants that any
proxies heretofore given in respect of the Subject Shares held by such Sponsor Party that may still be in effect are not irrevocable, and such proxies have been or are hereby revoked. 

(c) Each Sponsor Party hereby irrevocably grants to, and appoints, the Company as such Sponsor Party’s proxy and attorney-in-fact (with full power of substitution and delegation), for and in the name, place and stead of such Sponsor Party, to vote in respect of all of its Subject Shares
at all general meetings of SPAC, to requisition and convene a meeting or meetings of the members of SPAC, to sign a members written resolution of SPAC in respect of all of its Subject Shares, or grant a written consent or approval in respect of its
Subject Shares in a manner consistent with this Section 1.4(c). Each Sponsor Party hereby affirms that the irrevocable proxy and
attorney-in-fact set forth in this Section 1.4(c) is given in connection with the execution of the Business Combination Agreement, and that
such irrevocable proxy and attorney-in-fact is given to secure the performance of the duties of such Sponsor Party under this Deed. Each Sponsor Party hereby further
affirms that the irrevocable proxy and attorney-in-fact is granted to secure a proprietary interest and the performance of obligations owed to the Company under this
Deed within the meaning of the Powers of Attorney Act (as amended) of the Cayman Islands and each Sponsor Party hereby acknowledges the same. Each Sponsor Party hereby further affirms that the irrevocable proxy and attorney-in-fact may under no circumstances be revoked, and ratifies and confirms all that such irrevocable proxy and
attorney-in-fact may lawfully do or cause to be done by virtue hereof. SUCH IRREVOCABLE PROXY AND
ATTORNEY-IN-FACT IS EXECUTED AND INTENDED TO BE IRREVOCABLE IN ACCORDANCE WITH THE PROVISIONS OF THE POWERS OF ATTORNEY ACT (AS AMENDED) OF THE CAYMAN ISLANDS. The
irrevocable proxy and attorney-in-fact granted hereunder shall only terminate upon the termination of this Deed. 

(d) Each Sponsor Party hereby agrees that it will not take any steps which would in any material respect, impede, interfere with, delay or
attempt to discourage, frustrate the purposes of, result in a breach by SPAC of, prevent or nullify any provision of the Business Combination Agreement or any other Transaction Document, the Initial Merger, or any other Transaction, and, without
limiting the foregoing, agrees that it will not file any proceedings (including any winding up petition) against SPAC or its directors) relating to, resulting from, or in reliance upon, the Business Combination Agreement. 

  
 3 

 (e) Each Sponsor Party hereby irrevocably agrees to comply with its obligations to not
redeem any SPAC Shares owned by such Sponsor Party in connection with the transactions contemplated by the Business Combination Agreement, as set forth in that certain Letter Agreement, dated as of January 21, 2021, by and among the Sponsor
Parties, SPAC and certain other parties thereto (the “Sponsor Letter Agreement”). 
 (f) During the Interim Period, except
as contemplated by the Transaction Documents, each Sponsor Party shall not modify or amend any Contract between or among such Sponsor Party or any Affiliate of such Sponsor Party (other than SPAC), on the one hand, and SPAC, on the other hand,
including, for the avoidance of doubt, the Sponsor Letter Agreement, without the prior written consent of the Company. 
 (g) The Sponsor
hereby covenants that it (i) will irrevocably surrender to SPAC, for nil consideration and effective immediately prior to the consummation of the Initial Merger, the number of SPAC Class B Ordinary Shares specified in Schedule I hereto as to be
surrendered by it pursuant to this Section 1.4(g), (ii) will accept the transfer for nil consideration, immediately upon completion of the PubCo Share Sub-division, all of the PubCo Shares then held by
Fosun Fashion Holdings (Cayman) Limited to the Sponsor in accordance with Section 2.1(b) of the Business Combination Agreement, and (iii) will surrender for nil consideration, at the Initial Merger Effective Time, all of the PubCo Shares
held by it immediately prior to the Initial Merger Effective Time, in accordance with Section 2.2(f)(v) of the Business Combination Agreement. 

1.5 Consent to Disclosure. Each Sponsor Party hereby consents to the publication and disclosure in the Joint Proxy Statement/Prospectus
(and, as and to the extent otherwise required by applicable securities Laws or the SEC or any other securities authorities, any other documents or communications provided by SPAC, the Company or PubCo to any Governmental Authority or to security
holders of SPAC) of such Sponsor Party’s identity and beneficial ownership of Subject Shares and the nature of such Sponsor Party’s commitments, arrangements and understandings under and relating to this Deed and, if deemed appropriate by
SPAC, the Company or PubCo, a copy of this Deed. Each Sponsor Party will promptly provide any information reasonably requested by SPAC, the Company or PubCo for any regulatory application or filing made or approval sought in connection with the
transactions contemplated by the Business Combination Agreement (including filings with the SEC). 
 1.6 Waiver of Anti-Dilution
Protection. Each Sponsor Party hereby irrevocably waives, forfeits, surrenders and agrees not to exercise, assert or claim, to the fullest extent permitted by applicable Law, but solely in connection with the Transaction, the ability to adjust
the Initial Conversion Ratio (as defined in the SPAC Articles) pursuant to Article 17.3 of the SPAC Articles. Sponsor acknowledges and agrees that (i) this Section 1.6 shall constitute written consent waiving,
forfeiting and surrendering the adjustment to the Initial Conversion Ratio pursuant to Articles 10.3 and 17.4 of the SPAC Articles in connection with the Transactions, resulting in the adjustment to the Initial Conversion Ratio pursuant to Article
17.3 being waived in connection with the Transactions with respect to all SPAC Class B Ordinary Shares in issue, and (ii) such waiver, forfeiture and surrender granted hereunder shall only terminate upon the termination of this Deed. 

1.7 No Obligation as Director or Officer. Nothing in this Deed shall be construed to impose any obligation or limitation on votes or
actions taken by any director, officer, employee, agent or other representative of any Sponsor Party or by any Sponsor Party that is a natural person, in each case, in his or her capacity as a director or officer of SPAC. Each Sponsor Party is
executing this Deed solely in such capacity as a record or beneficial holder of the Subject Shares and the Subject Warrants. 

  
 4 

 1.8 Investor Rights Agreement. On the Closing Date, each of the Sponsor Parties who
are named parties to the Investor Rights Agreement shall deliver to SPAC, the Company and PubCo a duly executed copy of the Investor Rights Agreement substantially in the form attached as Exhibit E to the Business Combination Agreement. 

1.9 Further Assurances. Each Sponsor Party shall execute and deliver, or cause to be delivered, such additional documents, and take, or
cause to be taken, all such further actions and do, or cause to be done, all things reasonably necessary (including under applicable Laws), or reasonably requested by SPAC, the Company or PubCo, to effect the actions and consummate the Mergers and
the other transactions contemplated by this Deed and the Business Combination Agreement, in each case, on the terms and subject to the conditions set forth therein and herein, as applicable. 

ARTICLE II 
 REPRESENTATIONS AND
WARRANTIES OF THE SPONSOR PARTIES 
 Each Sponsor Party represents and warrants (solely with respect to itself, himself or herself and
not with respect to any other Sponsor Party), severally and not jointly, to SPAC, the Company and PubCo as of the date hereof as follows: 

2.1 Organization; Due Authorization. If such Sponsor Party is not an individual, it is duly organized, validly existing and in good
standing under the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Deed and the consummation of the transactions contemplated hereby are within such Sponsor
Party’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability company or organizational actions on the part of such Sponsor Party. If such Sponsor Party is an
individual, such Sponsor Party has full legal capacity, right and authority to execute and deliver this Deed and to perform his or her obligations hereunder. This Deed has been duly executed and delivered by such Sponsor Party and, assuming due
authorization, execution and delivery by the other parties to this Deed, this Deed constitutes a legally valid and binding obligation of such Sponsor Party, enforceable against such Sponsor Party in accordance with the terms hereof (except as
enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). If this Deed is being executed
in a representative or fiduciary capacity, the Person signing this Deed has full power and authority to enter into this Deed on behalf of the applicable Sponsor Party. 

2.2 Ownership. Such Sponsor Party is the registered holder of legal title, and record and beneficial owner (as defined in the
Securities Act) of, and has good title to, all of such Sponsor Party’s Subject Shares and Subject Warrants set forth on Schedule I hereto, and there exist no Liens or any other limitation or restriction (including any restriction on the
right to vote, sell or otherwise dispose of such Subject Shares or Subject Warrants (other than transfer restrictions under the Securities Act)) affecting any such SPAC Ordinary Shares or SPAC Warrants, other than Liens pursuant to (i) this
Deed, (ii) the SPAC Articles, (iii) the Business Combination Agreement, (iv) the Sponsor Letter Agreement or (v) any applicable securities Laws. Such Sponsor Party’s Subject Shares and Subject Warrants are the only equity
securities in SPAC owned of record or beneficially by such Sponsor Party on the date of this Deed, and none of such Sponsor Party’s Subject Shares or Subject Warrants are subject to any proxy, voting trust or other agreement or arrangement with
respect to the voting of such Subject Shares or Subject Warrants, except as provided hereunder and under the Sponsor Letter Agreement. Other than the Subject Warrants, such Sponsor Party does not hold or own any rights to acquire (directly or
indirectly) any equity securities of SPAC or any equity securities convertible into, or which can be exchanged for, equity securities of SPAC. 

  
 5 

 2.3 No Conflicts. The execution and delivery of this Deed by such Sponsor Party does
not, and the performance by such Sponsor Party of his, her or its obligations hereunder will not, (i) if such Sponsor Party is not an individual, conflict with or result in a violation of the organizational documents of such Sponsor Party or
(ii) require any consent or approval that has not been given or other action that has not been taken by any Person (including under any Contract binding upon such Sponsor Party or such Sponsor Party’s Subject Shares or Subject Warrants),
in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by such Sponsor Party of its, his or her obligations under this Deed. 

2.4 Litigation. There are no Actions pending against such Sponsor Party, or to the knowledge of such Sponsor Party threatened against
such Sponsor Party, before (or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental Authority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Sponsor
Party of its, his or her obligations under this Deed. 
 2.5 No Inconsistent Agreements. Except for this Deed, such Sponsor Party
(a) has not granted any proxies or entered into any voting arrangement, whether by proxy, voting agreement, voting trust, voting deed or otherwise (including pursuant to any loan of Subject Shares), or entered into any other agreement, with
respect to any Subject Shares, and (b) has not taken any action that would make any representation or warranty of such Sponsor Party herein untrue or incorrect in any material respect, or have the effect of preventing or disabling such Sponsor
Party from performing its material obligations hereunder. 
 2.6 Acknowledgment. Such Sponsor Party understands and acknowledges that
each of SPAC, the Company and PubCo is entering into the Business Combination Agreement in reliance upon such Sponsor Party’s execution and delivery of this Deed. 

ARTICLE III 
 MISCELLANEOUS

 3.1 Mutual Release. 

(a) Sponsor Party Release. Each Sponsor Party, on its own behalf and on behalf of each of its Affiliates (other than SPAC or any
of SPAC’s Subsidiaries) and each of its and their successors, assigns and executors (each, a “Sponsor Releasor”), effective as at the Initial Merger Effective Time, shall be deemed to have, and hereby does, irrevocably,
unconditionally, knowingly and voluntarily release, waive, relinquish and forever discharge PubCo, the Company, SPAC and their respective Subsidiaries and its and their respective successors, assigns, heirs, executors, officers, directors, partners,
managers and employees (in each case in their capacity as such) (each, a “Sponsor Releasee”), from (i) any and all obligations or duties PubCo, the Company, SPAC or any of their respective Subsidiaries has prior to or as of the
Initial Merger Effective Time to such Sponsor Releasor or (ii) all claims, demands, Liabilities, defenses, affirmative defenses, setoffs, counterclaims, actions and causes of action of whatever kind or nature, whether known or unknown, which
any Sponsor Releasor has prior to or as of the Initial Merger Effective Time, against any Sponsor Releasee arising out of, based upon or resulting from any Contract, transaction, event, circumstance, action, failure to act or occurrence of any sort
or type, whether known or unknown, and which occurred, existed, was taken, permitted or begun prior to the Initial Merger Effective Time (except in the event of fraud on the part of a Sponsor Releasee); provided, however, that nothing contained in
this Section 3.1(a) shall release, waive, relinquish, discharge or otherwise affect the rights or obligations of any party (i) arising under this Deed or any other Transaction Documents or SPAC Charter, including for
any amounts owed pursuant to the terms set forth therein, (ii) for indemnification or contribution, in any Sponsor Releasor’s capacity as an officer or director of SPAC, (iii) arising under any then-existing insurance policy of SPAC,
(iv) pursuant to a Contract and/or SPAC policy to reimbursements for reasonable and necessary business expenses incurred and documented prior to the Initial Merger Effective Time, or (v) for any claim for fraud. 

  
 6 

 (b) Company Release. Each of PubCo, the Company, SPAC and their respective
Subsidiaries and each of its and their successors, assigns and executors (each, a “Company Releasor”), effective as at the Initial Merger Effective Time, shall be deemed to have, and hereby does, irrevocably, unconditionally,
knowingly and voluntarily release, waive, relinquish and forever discharge Sponsor and its respective successors, assigns, heirs, executors, officers, directors, partners, managers and employees (in each case in their capacity as such) (each, a
“Company Releasee”), from (i) any and all obligations or duties such Company Releasee has prior to or as of the Initial Merger Effective Time to such Company Releasor, (ii) all claims, demands, Liabilities, defenses,
affirmative defenses, setoffs, counterclaims, actions and causes of action of whatever kind or nature, whether known or unknown, which any Company Releasor has, may have or might have or may assert now or in the future, against any Company Releasee
arising out of, based upon or resulting from any Contract, transaction, event, circumstance, action, failure to act or occurrence of any sort or type, whether known or unknown, and which occurred, existed, was taken, permitted or begun prior to the
Initial Merger Effective Time (except in the event of fraud on the part of a Company Releasee); provided, however, that nothing contained in this Section 3.1(b) shall release, waive, relinquish, discharge or otherwise affect the
rights or obligations of any party (i) arising under this Deed or any other Transaction Documents, or (ii) for any claim for fraud. 

3.2 Termination. This Deed shall terminate and be of no further force or effect upon the earliest to occur of: (a) with respect to
each Sponsor Party, the mutual written consent of SPAC, the Company, PubCo and such Sponsor Party, (b) the Closing, and (c) the termination of the Business Combination Agreement in accordance with its terms. Upon such termination of this
Deed, all obligations of the relevant parties under this Deed will terminate, without any liability or other obligation on the part of any party hereto to any Person in respect hereof or the transactions contemplated hereby, and no party hereto
shall have any claim against another (and no Person shall have any rights against such party), whether under contract, tort or otherwise, with respect to the subject matter hereof; provided, however, that the termination of this Deed shall
not relieve any party hereto from liability arising in respect of any breach of this Deed prior to such termination. This ARTICLE III shall survive the termination of this Deed. 

3.3 Governing Law; Arbitration. 

  
 7 

 (a) This Deed and any claim or cause of action hereunder based upon, arising out of or
related to this Deed (whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution, performance or enforcement of this Deed, shall be governed by and construed in accordance with the Laws of Hong Kong,
without giving effect to the principles of conflicts of laws that would otherwise require the application of the Laws of any other jurisdiction. 

(b) All disputes arising out of or in connection with this Deed shall be finally settled under the Rules of Arbitration of the International
Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English. Any party to an award may apply to any court of
competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties hereto irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to
such enforcement based on lack of personal jurisdiction or inconvenient forum. 
 3.4 Assignment. This Deed and all of the provisions
hereof will be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors and permitted assigns. Neither this Deed nor any of the rights, interests or obligations hereunder will be assigned (including by
operation of law) without the prior written consent of the parties hereto. 
 3.5 Specific Performance. The parties agree that
irreparable damage for which monetary damages, even if available, would not be an adequate remedy, would occur in the event that the parties hereto do not perform the provisions of this Deed in accordance with its specified terms or otherwise breach
or threaten to breach such provisions. The parties acknowledge and agree that the parties hereto shall be entitled, in addition to any other remedy to which they are entitled at law or in equity, to an injunction, specific performance and other
equitable relief to prevent breaches or threatened breaches of this Deed and to enforce specifically the terms and provisions hereof. Without limiting the foregoing, each of the parties agrees that it will not oppose the granting of an injunction,
specific performance and other equitable relief on the basis that (i) there is adequate remedy at law or (ii) an award of specific performance is not an appropriate remedy for any reason at law or in equity. Any party seeking an order or
injunction to prevent breaches or threatened breaches and to enforce specifically the terms and provisions of this Deed shall not be required to provide any bond or other security in connection with any such order or injunction. 

3.6 Amendment. This Deed may not be amended, changed, supplemented, waived or otherwise modified or terminated, except upon the
execution and delivery of a written agreement executed by each of the parties hereto. 
 3.7 Severability. If any provision of this
Deed is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Deed will remain in full force and effect. Any provision of this Deed held invalid or unenforceable only in part or degree will remain in full
force and effect to the extent not held invalid or unenforceable. 

  
 8 

 3.8 Notices. All general notices, demands or other communications required or
permitted to be given or made hereunder shall be in writing and delivered personally or sent by courier or sent by registered post or sent by electronic mail to the intended recipient thereof at its address or at its email address set out below (or
to such other address or email address as a party may from time to time notify the other parties). Any such notice, demand or communication shall be deemed to have been duly served (a) if given personally or sent by courier, upon delivery
during normal business hours at the location of delivery or, if later, then on the next Business Day after the day of delivery; (b) if sent by electronic mail during normal business hours at the location of delivery, immediately, or, if later,
then on the next Business Day after the day of delivery; (c) the third Business Day following the day sent by reputable international overnight courier (with written confirmation of receipt), and (d) if sent by registered post, five days
after posting. The initial addresses and email addresses of the parties for the purpose of this Deed are: 
 If to the Company or PubCo:

 LANVIN GROUP HOLDINGS LIMITED 复朗集团 
 3701-02, Tower S2, Bund Finance
Center, 600 Zhongshan Rd East No.2, Shanghai, 200010, China 
 Attention: Yun CHENG / Gong CHENG 

Email: joann.cheng@lanvin-group.com / roy.cheng@lanvin-group.com 

with a required copy (which shall not constitute notice) to: 

DLA Piper Singapore Pte. Ltd. 

80 Raffles Place, 
 #48-01 UOB Plaza 1, 
 Singapore 048624 

Attention: Joseph E. Bauerschmidt 

Email: Joe.Bauerschmidt@dlapiper.com 

with a second required copy (which shall not constitute notice) to: 

DLA Piper Hong Kong 
 25th
Floor, 
 Three Exchange Square, 

8 Connaught Place, Central, 

Hong Kong 
 Attention: Christina
Loh 
 Email: Christina.Loh@dlapiper.com 

If to SPAC: 
 Primavera Capital
Acquisition Corporation 
 41/F Gloucester Tower 

15 Queen’s Road Central 

Hong Kong 
 Attention: Max Chen,
Chief Executive Officer 
 Email: max.chen@primavera-capital.com 

with a required copy (which shall not constitute notice) to: 

Simpson Thacher & Bartlett LLP 

3901 China World Tower A 
 1
Jianguomenwai Avenue 
 Beijing 100004, China 

Attention: Yang Wang 
 Email:
yang.wang@stblaw.com 

  
 9 

 with a second required copy (which shall not constitute notice) to: 

Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 

Attention: Mark Brod 
 Email:
mbrod@stblaw.com 
 If to a Sponsor Party: 

To such Sponsor Party’s address set forth in Schedule I 

with a copy (which shall not constitute notice) to: 

Simpson Thacher & Bartlett LLP 

3901 China World Tower A 
 1
Jianguomenwai Avenue 
 Beijing 100004, China 

Attention: Yang Wang 
 Email:
yang.wang@stblaw.com 
 with a second required copy (which shall not constitute notice) to: 

Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 

Attention: Mark Brod / Daniel Webb 

Email: mbrod@stblaw.com / dwebb@stblaw.com 

3.9 Counterparts. This Deed may be executed in two or more counterparts (any of which may be delivered by electronic transmission),
each of which shall constitute an original, and all of which taken together shall constitute one and the same instrument. 
 3.10 Entire
Agreement. This Deed and the agreements referenced herein constitute the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersede all prior understandings, agreements or representations by or
among the parties hereto to the extent they relate in any way to the subject matter hereof. 
 [Remainder of page intentionally left
blank] 

  
 10 

			
	Executed as a deed.	  	
		
	EXECUTED AND DELIVERED	  	)
	as a Deed in the name of	  	)
	 PRIMAVERA CAPITAL ACQUISITION LLC)
 by
its duly authorised representative
	  	)
	FRED HU	  	)
	in the presence of:	  	)    /s/ Fred
Hu                                         
                           
		
	/s/ Alex
Ge                                         
       	  	
	Witness	  	
	Name: Alex Ge	  	
	Title: Witness	  	

 [Heritage - Signature Page to Sponsor Support Deed] 

					
	Executed as a deed.	  	
			
	SIGNED, SEALED AND DELIVERED	  	)	  	

	as a Deed by	  	)
	FRED HU	  	)
	in the presence of:	  	)    /s/ Fred Hu                              
              
	/s/ Alex
Ge                                         
       	  	
	Witness	  	
	Name: Alex Ge	  	
	Title: Witness	  	

  
 [Heritage - Signature
Page to Sponsor Support Deed] 

					
	Executed as a deed.	  		  	
			
	SIGNED, SEALED AND DELIVERED	  	)	  	

	as a Deed by	  	)
	TONG CHEN	  	)
	in the presence of:	  	)    /s/ Tong Chen                              
          
			
	/s/ Alex
Ge                                         
       	  		  	
	Witness	  		  	
	Name: Alex Ge	  		  	
	Title: Witness	  		  	

 [Heritage - Signature Page to Sponsor Support Deed] 

					
	Executed as a deed.	  	
	SIGNED, SEALED AND DELIVERED	  	)	  	

	as a Deed by	  	)
	CHENLING ZHANG	  	)
	in the presence of:	  	)    /s/ Chenling Zhang                             
   
	/s/ Luis Arcentales
                                        	  	
	Witness	  	
	Name: Luis Arcentales	  	
	Title: Witness	  	

  
 [Heritage - Signature
Page to Sponsor Support Deed] 

					
	Executed as a deed.	  		  	
			
	SIGNED, SEALED AND DELIVERED	  	)	  	

	as a Deed by	  	)
	MUKTESH PANT	  	)
	in the presence of:	  	)    /s/ Muktesh Pant                             
       
			
	/s/ Vinita Pant                                  
      	  		  	
	Witness	  		  	
	Name: Vinita Pant	  		  	
	Title: Witness	  		  	

  
 [Heritage - Signature
Page to Sponsor Support Deed] 

					
	Executed as a deed.	  		  	
			
	SIGNED, SEALED AND DELIVERED	  	)	  	

	as a Deed by	  	)
	TERESA ANNE TEAGUE	  	)
	in the presence of:	  	)    /s/ Teresa Anne Teague                        
			
	/s/ Kirsty
Pocock                                        
	  		  	
	Witness	  		  	
	Name: Kirsty Pocock	  		  	
	Title: Partner	  		  	

  
 [Heritage - Signature
Page to Sponsor Support Deed] 

					
	Executed as a deed.	  		  	
			
	SIGNED, SEALED AND DELIVERED	  	)	  	

	as a Deed by	  	)
	SONIA CHENG	  	)
	in the presence of:	  	)    /s/ Sonia Cheng                              
      
			
	/s/ Nancy
Tai                                    	  		  	
	Witness	  		  	
	Name: Nancy Tai	  		  	
	Title: Executive Assistant	  		  	

  
 [Heritage - Signature
Page to Sponsor Support Deed] 

					
	Executed as a deed.	  		  	
			
	EXECUTED AND DELIVERED	  	)	  	
	as a Deed in the name of	  	)	  	
	PRIMAVERA CAPITAL ACQUISITION	  	)	  	
	CORPORATION	  	)	  	
	by its duly authorised representative	  	)	  	
	TONG CHEN	  	)	  	
	in the presence of:	  	)    /s/ Tong Chen                              
          	  	
			
	/s/ Alex
Ge                                         
       	  		  	
	Witness	  		  	
	Name: Alex Ge	  		  	
	Title: Witness	  		  	

  
 [Heritage - Signature
Page to Sponsor Support Deed] 

					
	Executed as a deed.	  		  	
			
	EXECUTED AND DELIVERED	  	)	  	
	as a Deed in the name of	  	)	  	
	FOSUN FASHION GROUP (CAYMAN)	  	)	  	
	LIMITED	  	)	  	
	by its duly authorised representative	  	)    /s/ Yun CHENG                              
      	  	
	Yun CHENG	  	)	  	
	in the presence of:	  	)	  	
			
	/s/ Gong
CHENG                                        
	  		  	
	Witness	  		  	
	Name: Gong CHENG	  		  	
	Title: CRO	  		  	

  
 [Heritage - Signature
Page to Sponsor Support Deed] 

					
	Executed as a deed.	  		  	
			
	EXECUTED AND DELIVERED	  	)	  	
	as a Deed in the name of	  	)	  	
	LANVIN GROUP HOLDINGS LIMITED	  	)	  	
	复朗集团	  	)	  	
	by its duly authorised representative	  	)    /s/ Yun CHENG                              
      	  	
	Yun CHENG	  	)	  	
	in the presence of:	  	)	  	
			
	/s/ Gong
CHENG                                        
	  		  	
	Witness	  		  	
	Name: Gong CHENG	  		  	
	Title: CRO	  		  	

 [Heritage - Signature Page to Sponsor Support Deed]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}]]