Document:

Exhibit 10.8

 

PROSPECTOR CAPITAL CORP.

1250 Prospect Street, Suite 200

La Jolla, CA 92037

 

[   ], 2021

 

Prospector Sponsor LLC

1250 Prospect Street, Suite 200

La Jolla, CA 92037

 

Re: Administrative Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement
(this “Agreement”) by and between Prospector Capital Corp. (the “Company”)
and Prospector Sponsor LLC (the “Sponsor”), dated as of the date hereof, will confirm our agreement that,
commencing on the date the securities of the Company are first listed on the Nasdaq Capital Market (the “Listing Date”),
pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities and Exchange Commission (the
“Registration Statement”) and continuing until the earlier of the consummation by the Company of an initial
business combination or the Company’s liquidation (in each case as described in the Registration Statement) (such earlier
date hereinafter referred to as the “Termination Date”):

 

1. The
Sponsor shall make available, or cause to be made available, to the Company, at 1250 Prospect Street, Suite 200, La Jolla,
CA 92037 (or any successor location), office space and secretarial and administrative services as may be reasonably required by
the Company. In exchange therefor, the Company shall pay the Sponsor $10,000 per month on the Listing Date and continuing monthly
thereafter until the Termination Date; and

 

2. The
Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or
arising out of, this Agreement (each, a “Claim”) in or to, and any and all right to seek payment of any
amounts due to it out of, the trust account established for the benefit of the public shareholders of the Company and into which
substantially all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”),
and hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, this Agreement, which Claim
would reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and
further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies
or other assets in the Trust Account for any reason whatsoever.

 

This Agreement 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.

 

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

 

No party hereto may
assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the
other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer
or assign any interest or title to the purported assignee.

 

This Agreement shall
be governed by and construed in accordance with the laws of the State of New York for agreements made and to be wholly performed
within such state, without regards to the conflicts of laws principles thereof.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours, 
	 	 
	 	PROSPECTOR CAPITAL CORP.
	 	 	 
	 	By: 	                             
	 	 	Name: Nick Stone
	 	 	Title:  Chief Financial Officer

 

 

	AGREED AND ACCEPTED BY:	 
	 	 
	PROSPECTOR SPONSOR LLC	 
	 	 
	By: 	            	 
	 	Name: Nick Stone	 
	 	Title:   Managing Member	 

 

 [Signature Page to Administrative
Services Agreement]EX-10.1

 Exhibit 10.1 

Execution Version 

SUPPLEMENT NO. 3 TO 

TRANSACTION AGREEMENTS 
 This Supplement
No. 3 to Transaction Agreements (this “Supplement”) is entered into as of December 16, 2020 by and among Invus, L.P., a Bermuda limited partnership (“Invus, L.P.”), Invus C.V., a Netherlands limited
partnership (“Invus C.V.”), and Lexicon Pharmaceuticals, Inc., a Delaware corporation (the “Company”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the
Securities Purchase Agreement (as defined below). 
 W I T N E S S E T H : 

WHEREAS, Invus, L.P. and the Company entered into the Securities Purchase Agreement, dated as of June 17, 2007, by and between Invus, L.P. and the
Company (as amended, supplemented or otherwise modified, the “Securities Purchase Agreement”), the Stockholders’ Agreement, dated as of June 17, 2007 (as amended, supplemented or otherwise modified, the
“Stockholders’ Agreement”) and the Registration Rights Agreement, dated as of June 17, 2007 (as amended, supplemented or otherwise modified, the “Registration Rights Agreement”, and, together with the
Stockholders’ Agreement, the “Transaction Agreements”); 
 WHEREAS, Artal International S.C.A., an affiliate of Invus, L.P. and Invus
C.V., the Company and certain other parties have entered into a Subscription Agreement, dated as of December 11, 2020 (the “Subscription Agreement”), pursuant to which the Company has agreed to sell (the
“Offering”), and Artal International S.C.A. has agreed to purchase, additional shares of Company Common Stock; and 
 WHEREAS, in
connection with, and as condition to, the Offering, Invus, L.P. and Invus C.V and the Company desire to amend the Transaction Agreements in certain respects. 

NOW, THEREFORE, intending to be legally bound hereby, the parties hereto hereby agree as follows: 

Section 1. Amendment to the Stockholders’ Agreement 

(a) The definition of “Investor” in the Stockholders’ Agreement is hereby amended to collectively refer to Invus, L.P., Invus C.V., Invus Public
Equities, L.P., Artal International S.C.A and any of their respective affiliates. 
 Section 2. Amendment to the Registration Rights
Agreement 
 (a) The definition of “Holders” in Section 1.01 of the Registration Rights Agreement is hereby amended and restated in
its entirety to read as follows: 
 “Holders” means the Investor, Invus C.V., Invus Public Equities, L.P., Artal International S.C.A,, any
Assigned Transferee and any affiliate of any of the foregoing Persons. 
 (b) The parties hereto hereby intend that the foregoing amendment will give Artal
International and any other person satisfying such definition the rights of Holders under the Registration Rights Agreement. Pursuant to Section 5.06 of the Registration Rights Agreement, Invus, L.P. and Invus C.V., as Holders (as defined in
the Registration Rights Agreement) of a majority of the outstanding shares of Registrable Securities (as defined in the Registration Rights Agreement), hereby consent to the above amendment to Section 1.01 of the Registration Rights Agreement,
and the Company expressly acknowledges the receipt of such consent. 
 Section 3. Consent to Further Amendments; Further Assurances 

The parties hereto hereby consent to such other amendments and changes to the Stockholders’ Agreement and the Registration Rights Agreement as necessary
to give effect to the intent of this Supplement and shall execute and deliver or cause to be executed and delivered any additional documents, certificates, consents, waivers and instruments and perform any additional acts that may be reasonably
necessary or appropriate to effectuate and perform the provisions of this Supplement and those transactions contemplated herein. 
 Section 4.
Ratification and Confirmation 
 The Transaction Agreements, as hereby amended, supplemented or otherwise modified, are hereby ratified and
confirmed in all respects. This Supplement shall be interpreted and construed together with, and as a part of, each of 

 
the Transaction Agreements, as applicable. Any reference in any other document to any of the Transaction Agreements shall be deemed to refer to the applicable Transaction Agreement, as modified
by this Supplement. The execution, delivery and effectiveness of this Supplement shall not constitute a modification or waiver of any provision of the Transaction Agreements except as expressly provided herein. 

Section 5. Governing Law  
 This Supplement
shall be governed by, and construed in accordance with, the laws of the State of New York. All actions and proceedings arising out of or relating to this Supplement shall be heard and determined exclusively in any New York state or federal court, in
each case sitting in the Borough of Manhattan. The parties hereto hereby (a) submit to the exclusive jurisdiction of any New York state or federal court, in each case sitting in the Borough of Manhattan, for the purpose of any Action arising
out of or relating to this Supplement brought by any party hereto, and (b) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction
of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the Action is improper, or that this Supplement may not be enforced in or by any of
the above-named courts. 
 Section 6. Counterparts 

This Supplement may be executed and delivered (including by facsimile transmission) in one or more counterparts, and by the different parties hereto in
separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. The words “execution,” “signed,”
“signature,” “delivery,” and words of like import in or relating to this Agreement or any document to be signed in connection with this Agreement shall be deemed to include electronic signatures, deliveries or the keeping of
records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties
hereto consent to conduct the transactions contemplated hereunder by electronic means. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the Investors and the Company have caused this Supplement to be executed as of the date
first written above by their respective officers thereunto duly authorized. 
  

			
	INVESTORS:
	
	 INVUS, L.P.,
 a Bermuda limited
partnership

	
	By: Invus Advisors, L.L.C., its general partner
		
	By:	 	 /s/ Raymond Debbane

	Name:	 	Raymond Debbane
	Title:	 	President

  

			
	 INVUS C.V.,
 a Netherlands limited
partnership

	
	By: Ulys, L.L.C., its general partner
		
	By:	 	 /s/ Raymond Debbane

	Name:	 	Raymond Debbane
	Title:	 	President

  

			
	COMPANY:
	
	 LEXICON PHARMACEUTICALS, INC.,
 a
Delaware corporation

		
	By:	 	 /s/ Jeffrey L. Wade

	Name:	 	Jeffrey L. Wade
	Title:	 	Chief Financial Officer & EVP Corp & Admin Affairs

 [Signature Page to Supplement No. 3 to Transaction Agreements]

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