Document:

Exhibit 10.10

 

 

FORWARD
PURCHASE AGREEMENT

 

This
Forward Purchase Agreement (this “Agreement”) is entered into as of December 15, 2020, between Provident Acquisition
Corp., a Cayman Islands exempted company (the “Company”) and the party listed as the purchaser on the signature
page hereof (the “Purchaser”).

 

Recitals

 

WHEREAS,
the Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses (a “Business Combination”);

 

WHEREAS,
the Company has confidentially submitted to the U.S. Securities and Exchange Commission (the “SEC”) a draft
registration statement on Form S-1 (the “Registration Statement”) for its initial public offering (“IPO”)
of 20,000,000 units (or 23,000,000 units in the aggregate if the underwriters’ over-allotment is exercised in full) (the
“Public Units”) at a price of $10.00 per Public Unit, each comprised of one Class A ordinary share of the Company,
par value $0.0001 per share (the “Class A Share(s)”), and one-half of one redeemable warrant, where each whole
redeemable warrant is exercisable to purchase one Class A Share at an exercise price of $11.50 per share (the “Warrant(s)”);

 

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

 

WHEREAS,
the parties wish to enter into this Agreement, pursuant to which immediately prior to the closing of the Company’s initial
Business Combination (the “Business Combination Closing”), the Company shall issue and sell, and the Purchaser
shall purchase, on a private placement basis, the number of Class A Shares determined pursuant to Section 1(a)(i) hereof (the
“Forward Purchase Shares”) and the applicable number of Warrants determined pursuant to Section 1(a)(i) hereof,
with one Warrant being issuable to the Purchaser per each increment of two Forward Purchase Shares actually issued and sold to
the Purchaser hereunder (the “Forward Purchase Warrant(s)” and together with the Forward Purchase Shares, the
“Forward Purchase Units”) on the terms and conditions set forth herein; and

 

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

 

NOW,
THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement,
and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties
hereto agree as follows:

 

     

     

    

Agreement

 

1.       Sale
and Purchase.

 

(a)       Forward
Purchase Units.

 

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

 

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

 

(iii)       The
Company shall require the Purchaser to purchase the Forward Purchase Shares and the Forward Purchase Warrants pursuant to Section
1(a)(i) hereof by delivering notice to the Purchaser, at least ten (10) Business Days before the funding of the FPU Purchase Price
to the Escrow Account (as defined below), specifying the number of Forward Purchase Shares and Forward Purchase Warrants the Purchaser
is required to purchase, the anticipated date of the Business Combination Closing, the aggregate FPU Purchase Price and instructions
for wiring the FPU Purchase Price to an account of a third-party escrow agent (the “Escrow Account”) which
shall be the Company’s transfer agent (the “Escrow Agent”) pursuant to an escrow agreement between the
Company and the Escrow Agent (the “Escrow Agreement”). At least two (2) Business Days before the anticipated
date of the Business Combination Closing specified in such notice, the Purchaser shall deliver the FPU Purchase Price in cash
via wire transfer to the account specified in such notice, to be held in

 

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escrow
pending the Business Combination Closing. If the Business Combination Closing does not occur within thirty (30) days after the
Purchaser delivers the FPU Purchase Price to the Escrow Agent, the Escrow Agreement will regulate that the Escrow Agent shall
automatically return the FPU Purchase Price to the Purchaser, provided that the return of the FPU Purchase Price placed in escrow
shall not terminate the Agreement or otherwise relieve either party of any of its obligations hereunder. For the purposes of this
Agreement, “Business Day” means any day, other than a Saturday or a Sunday, that is neither a legal holiday
nor a day on which banking institutions are generally authorized or required by law or regulation to close in the New York, Indonesia
or Hong Kong.

 

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

 

(b)       Delivery
of Securities.

 

(i)       The
Company shall register the Purchaser as the owner of the Forward Purchase Units purchased (the “Securities”)
in the register of members of the Company and with the Company’s transfer agent by book entry on or promptly after (but
in no event more than two (2) Business Days after) the date of the FPU Closing.

 

(ii)       Each
register and book entry for the Securities shall contain a notation, and each certificate (if any) evidencing the Securities shall
be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS.”

 

(c)       Legend
Removal. If the Securities are eligible to be sold without restriction under, and without the Company being in compliance
with the current public information requirements of, Rule 144 under the Securities Act of 1933, as amended (the “Securities
Act”), or there is an effective registration statement covering the resale of the Securities (and the Purchaser provides
the Company with a written undertaking to sell its Securities only in accordance with the plan of distribution contained in such
registration statement and only if such Purchaser has not been informed that the prospectus in such registration statement is
not current

 

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or
the registration statement is no longer effective), then at the Purchaser’s request, the Company will cause the Company’s
transfer agent to remove the legend set forth in Section ‎1(b)(ii). In connection therewith, if required by the Company’s
transfer agent, the Company will promptly cause an opinion of counsel to be delivered to and maintained with its transfer agent,
together with any other authorizations, certificates and directions required by the transfer agent that authorize and direct the
transfer agent to transfer such Securities without any such legend; provided, that, notwithstanding the foregoing, the Company
will not be required to deliver any such opinion, authorization, certificate or direction if it reasonably believes that removal
of the legend could result in or facilitate transfers of Securities in violation of applicable law.

 

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

 

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

 

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

 

(b)       Authorization.
The Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Purchaser,
will constitute the valid and legally binding obligation of the Purchaser, enforceable in accordance with its terms, except (i)
as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of
general application affecting enforcement of creditors’ rights generally, (ii) as
limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies, or (iii)
to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable federal
or state securities laws.

 

(c)       Governmental
Consents and Filings. No consent, approval, order or authorization of, or registration, qualification, designation, declaration
or filing with, any federal, state or local governmental authority is required on the part of the Purchaser in connection with
the consummation of the transactions contemplated by this Agreement.

 

(d)       Compliance
with Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement and the consummation by
the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i)
of any provisions of its organizational documents, if applicable, (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

 

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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 the Purchaser, in each case (other than clause (d)), which would
have a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement.

 

(e)       Purchase
Entirely for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s representation
to the Company, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that the Securities
to be acquired by the Purchaser will be acquired for investment for the Purchaser’s own account, not as a nominee or agent,
and not with a view to the resale or distribution of any part thereof, and that the Purchaser has no present intention of selling,
granting any participation in, or otherwise distributing the same in violation of law. By executing this Agreement, the Purchaser
further represents that the Purchaser does not presently have any contract, undertaking, agreement or arrangement with any Person
to sell, transfer or grant participations to such Person or to any third Person, with respect to any of the Securities. If the
Purchaser was formed for the specific purpose of acquiring the Securities, each of its equity owners is an accredited investor
as defined in Rule 501(a) of Regulation D promulgated under the Securities Act. For purposes of this Agreement, “Person”
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization,
any other entity or any government or any department or agency thereof.

 

(f)       Disclosure
of Information. The Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs
and the terms and conditions of the offering of the Securities, as well as the terms of the Company’s proposed IPO, with
the Company’s management. In reliance to the accuracy of any data and information provided to the Purchase, the Purchaser
has reviewed the “Summary,” “Risk Factors,” “Description of Securities,” “Management”
and “Certain Relationships and Related Party Transactions” sections of the Registration Statement, dated November
16, 2020, which have been provided to the Purchaser.

 

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

 

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qualification
is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding
period for the Securities, and on requirements relating to the Company which are outside of the Purchaser’s control, and
which the Company is under no obligation and may not be able to satisfy. The Purchaser acknowledges that the Company confidentially
submitted the Registration Statement for its proposed IPO to the SEC for review. The Purchaser understands that the offering to
the Purchaser of the Securities is not, and is not intended to be, part of the IPO, and that the Purchaser will not be able to
rely on the protection of Section 11 of the Securities Act with respect to such Securities.

 

(h)       No
Public Market. The Purchaser understands that no public market now exists for the Securities.

 

(i)       High
Degree of Risk. The Purchaser understands that its agreement to purchase the Securities involves a high degree of risk which
could cause the Purchaser to lose all or part of its investment.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(q)       No
Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this
Section ‎2 and in any certificate or agreement delivered pursuant hereto, none of the Purchaser nor any person acting on behalf
of the Purchaser (the “Purchaser Parties”) has made, makes or shall be deemed to make any other express or
implied representation or warranty with respect to the Purchaser and this offering, and the Purchaser Parties disclaim any such
representation or warranty. Except for the specific representations and warranties expressly made by the Company in Section ‎3
of this Agreement and in any certificate or agreement delivered pursuant hereto, the Purchaser Parties specifically disclaim that
they are relying upon any other representations or warranties that may have been made by the Company, any person on behalf of
the Company or any of the Company’s affiliates (collectively, the “Company Parties”).

 

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

 

(a)       Incorporation
and Corporate Power. The Company is an exempted company duly incorporated and validly existing and in good standing as an
exempted company under the laws of the Cayman Islands and has all requisite corporate power and authority to carry on its business
as presently conducted and as proposed to be conducted. The Company has no subsidiaries.

 

(b)       Capitalization.
As of the date hereof, the authorized share capital of the Company consists of:

 

(i)       200,000,000
Class A Shares, none of which are issued and outstanding.

 

(ii)       20,000,000
Class B ordinary shares of the Company, par value $0.0001 per share (the “Class B Share(s)”), 5,750,000 of
which are issued and outstanding (750,000 of which are subject to forfeiture to the extent that the underwriters’ over-allotment
option in connection with the IPO is not exercised in full). All of the issued and outstanding Class B Shares have been duly authorized,
are fully paid and nonassessable and

 

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were
issued in compliance with all applicable federal and state securities laws.

 

(iii)       1,000,000
preference shares, none of which are issued and outstanding.

 

(c)       Authorization.
All corporate action required to be taken by the Company’s Board of Directors and shareholders in order to authorize the
Company to enter into this Agreement, and to issue the Securities at the FPU Closing, and the securities issuable upon conversion
or exercise of the Securities, has been taken or will be taken prior to the FPU Closing. All action on the part of the shareholders,
directors and officers of the Company necessary for the execution and delivery of this Agreement, the performance of all obligations
of the Company under this Agreement to be performed as of the FPU Closing, and the issuance and delivery of the Securities and
the securities issuable upon conversion or exercise of the Securities has been taken or will be taken prior to the FPU Closing.
The Company has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Company,
shall constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its
terms except (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 relating to the availability of specific
performance, injunctive relief, or other equitable remedies, or (iii) to the extent
the indemnification provisions contained in the Registration Rights may be limited by applicable federal or state securities laws.

 

(d)       Valid
Issuance of Securities.

 

(i)       The
Securities, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement
and the Charter and registered in the register of members of the Company, and the securities issuable upon conversion or exercise
of the Securities, when issued in accordance with the terms of the Securities, the amended and restated memorandum and articles
of association and this Agreement, and registered in the register of members of the Company, will be validly issued, fully paid
and non-assessable and free of all preemptive or similar rights, taxes, liens, encumbrances and charges with respect to the issue
thereof and restrictions on transfer other than restrictions on transfer specified under this Agreement, applicable state and
federal securities laws and liens or encumbrances created by or imposed by the Purchaser. Assuming the accuracy of the representations
of the Purchaser in this Agreement and subject to the filings described in Section 3(f) below, the Securities will be issued in
compliance with all applicable federal and state securities laws.

 

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

 

(e)       Governmental
Consents and Filings. Assuming the accuracy of the representations and warranties made by the Purchaser in Sections 2(e),
(j), (k) (l) and (p) this Agreement, no consent, approval, order or authorization of, or registration, qualification, designation,
declaration or filing with, any federal, state or local governmental authority is required on the part of the Company in connection
with the consummation of the transactions contemplated by this Agreement, except for filings pursuant to Regulation D of the Securities
Act, and applicable state securities laws.

 

(f)       Compliance
with Other Instruments. The execution, delivery and performance of this Agreement and the consummation of the transactions
contemplated by this Agreement will not result in any violation or default (i) of
any provisions of its Charter or other governing 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 the Company, in each case (other than clause
(i)) which would have a material adverse effect on the Company or its ability to consummate the transactions contemplated by this
Agreement.

 

(g)       Operations.
As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations
other than organizational activities and activities in connection with offerings of the Securities and securities in the IPO.

 

(h)       Foreign
Corrupt Practices. Neither the Company, nor any director, officer, agent, employee or other Person acting on behalf of the
Company has, in the course of its actions for, or on behalf of, the Company (i) used
any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity;
(ii) made any direct or indirect unlawful payment to any foreign or domestic government
official or employee from corporate funds; (iii) violated or is in violation of any
provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv) made
any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government
official or employee.

 

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(i)       Compliance
with Anti-Money Laundering Laws. The operations of the Company are and have been conducted at all times in compliance with
applicable financial recordkeeping and reporting requirements and all other applicable U.S. and non-U.S. anti-money laundering
laws and regulations, including, but not limited to, those of the Currency and Foreign Transactions Reporting Act of 1970, as
amended, the USA Patriot Act of 2001 and the applicable money laundering statutes of all applicable jurisdictions, the rules and
regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental
agency (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or before any
court or governmental agency, authority or body or any arbitrator involving the Company with respect to the Anti-Money Laundering
Laws is pending or, to the knowledge of the Company, threatened.

 

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

 

(k)       Absence
of Litigation. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government
agency, self-regulatory organization or body pending or, to the knowledge of the Company, threatened against or affecting the
Company or any of the Company’s officers or directors, whether of a civil or criminal nature or otherwise, in their capacities
as such.

 

(l)       No
General Solicitation. Neither the Company, nor any of its officers, directors, employees, agents or shareholders has either
directly or indirectly, including, through a broker or finder (i) engaged in any
general solicitation, or (ii) published any advertisement in connection with the
offer and sale of the Securities.

 

(m)       Issuance
Totals. Prior to or concurrently with the execution and delivery of this Agreement the Company has or is entering into forward
purchase agreements providing for the transfer of an aggregate of 312,500 Class B Shares concurrently with the closing of the
IPO, and the purchase of an aggregate of 5,500,000 Forward Purchase Shares and 2,750,000 Forward Purchase Warrants (in each case
including the Forward Purchase Shares and Forward Purchase Warrants transferred, purchased or sold under this Agreement).

 

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

 

(o)       No
Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this
Section 3 and in any certificate or agreement delivered pursuant hereto, none of the Company Parties has made, makes or shall
be deemed to make any other express or implied representation or warranty with respect to the Company, this offering, the proposed
IPO or a potential Business Combination, and the Company Parties disclaim any such representation or warranty. Except for the
specific representations and warranties expressly made by the Purchaser in Section ‎2 of this Agreement and in any certificate
or agreement delivered pursuant hereto, the Company Parties specifically disclaim that they are relying upon any other representations
or warranties that may have been made by the Purchaser Parties.

 

4.       Right
of First Offer. Subject to the terms and conditions of this Section ‎4, if, in connection with or prior to the Business
Combination Closing, the Company proposes to raise additional capital by issuing any equity securities, or securities convertible
into, exchangeable or exercisable for equity securities, other than the Public Units (and their component Class A Shares (the
“Public Shares”), Public Warrants and the Class A Shares underlying the Public Warrants) and Excluded Securities
(as defined below) (“New Equity Securities”), the Company shall first make an offer of the applicable pro
rata New Equity Securities to the Purchaser in accordance with the following provisions of this Section ‎4:

 

(a)       Offer
Notice.

 

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

 

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

 

(b)       Exercise
of Right of First Offer.

 

(i)       Upon
receipt of the Offering Notice, the Purchaser shall have until the end of the ROFO Notice Period to offer to purchase all or a
portion of its pro rata share of the New Equity Securities, based on the

 

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

 

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

 

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

 

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

 

(a)       Trust
Account.

 

(i)       The
Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”)
for the

 

    12 

     

    

benefit
of its public shareholders upon the closing of the IPO. The Purchaser, for itself and its affiliates, hereby agrees that it has
no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company
as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in
respect of any Public Shares held by it.

 

(ii)       The
Purchaser hereby agrees that it shall have no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account
that it may have now or in the future, except for redemption and liquidation rights, if any, the Purchaser may have in respect
of any Public Shares held by it. In the event the Purchaser has any Claim against the Company under this Agreement, the Purchaser
shall pursue such Claim solely against the Company and its assets outside the Trust Account and not against the property or any
monies in the Trust Account, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public
Shares held by it.

 

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

 

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

 

6.       Additional
Agreements of the Company.

 

(a)       QEF
Election; Tax Information. The Company shall use commercially reasonable efforts to determine whether, in any year, the Company
(or any subsidiary of the Company) is deemed to be a “passive foreign investment company” (a “PFIC”)
or a “controlled foreign corporation” (a “CFC”) within the meaning of U.S. Internal Revenue Code
of 1986, as amended, and the regulations

 

    13 

     

    

promulgated
thereunder (collectively, the “Code”), and shall notify the Purchaser if the Company (or any subsidiary of
the Company) is deemed to be a PFIC or CFC. If the Company determines that the Company (or any subsidiary of the Company) is a
PFIC in any year, for the year of determination and for each year thereafter during which the Purchaser holds an equity interest
in the Company, including Warrants, and the Purchaser is subject to income tax in the United States, the Company shall use commercially
reasonable efforts to (i) make available to the Purchaser the information that may be required to make or maintain a “qualified
electing fund” election under the Code with respect to the Company (or any subsidiary of the Company, as applicable) and
(ii) furnish the information required to be reported under Section 1298(f) of the Code or under any other applicable tax law.

 

(b)       IPO.
The Company intends to offer at least 20,000,000 Public Units in the IPO. Each Public Unit will be comprised of one Class A Share
and one-half of one Warrant. Each whole Warrant will have an exercise price of not less than $11.50 per share.

 

(c)       No
Material Non-Public Information. The Company agrees that no information provided to the Purchaser in connection with this
Agreement will, upon the IPO Closing, constitute material non-public information of the Company, and following the IPO Closing,
the Company will not provide the Purchaser with any material non-public information of the Company (including any material non-public
information with respect to any other Person in connection with any proposed Business Combination) without the prior written consent
of the Purchaser.

 

(d)       Nasdaq
Listing. The Company will use commercially reasonable efforts to effect the listing of the Class A Shares and Warrants on
the Nasdaq Capital Market (or another national securities exchange).

 

(e)       No
Amendments to Charter. The Charter of the Company will be in substantially the same form of Exhibit 3.2 to a registration
statement on Form S-1 for the IPO and will not be materially amended prior to the closing of the IPO without the Purchaser’s
prior written consent.

 

7.       Transfer.
This Agreement and all of the Purchaser’s rights and obligations hereunder (including the Purchaser’s obligation to
purchase the Forward Purchase Units) may be transferred or assigned, at any time and from time to time, in whole or in part, to
one or more: (a) affiliate of the Purchaser or (b) third parties (each such transferee, a “Transferee”).
If the Transferee is an affiliate of the Purchaser, then the Purchaser shall need to send a written notification to the Company
at the latest 2 (two) Business Days after the effective transfer. If the Transferee is a third party, then the Purchaser needs
a written consent from the Company (not to be unreasonably denied, withheld or delayed). Upon any such assignment:

 

(a)       the
applicable Transferee shall execute a signature page to this Agreement, substantially in the form of the Purchaser’s signature
page hereto (the

 

    14 

     

    

“Joinder
Agreement”), which shall reflect the number of Forward Purchase Shares and Forward Purchase Warrants to be purchased
by such Transferee (the “Transferee Securities”), and, upon such execution, such Transferee shall have
all the same rights and obligations of the Purchaser hereunder with respect to the Transferee Securities, and references herein
to the “Purchaser” shall be deemed to refer to and include any such Transferee with respect to such
Transferee and to its Transferee Securities; provided, that any representations, warranties, covenants and agreements of the Purchaser
and any such Transferee shall be several and not joint and shall be made as to the Purchaser or any such Transferee, as applicable,
as to itself only; and

 

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

 

8.       FPU
Closing Conditions.

 

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

 

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

 

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

 

(iii)       The
Company shall have delivered to such Purchaser a certificate evidencing the Company’s good standing as a Cayman Islands
exempted company, as of a date within ten (10) Business Days of the FPU Closing;

 

    15 

     

    

(iv)       The
representations and warranties of the Company set forth in Section ‎3 of this Agreement shall have been true and correct as
of the date hereof and shall be true and correct, in the case of the Company, as of the FPU Closing, as applicable, with the same
effect as though such representations and warranties had been made on and as of such date (other than any such representation
or warranty that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except,
in the case of the Company, where the failure to be so true and correct would not have a material adverse effect on the Company
or its ability to consummate the transactions contemplated by this Agreement;

 

(v)       The
Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required
by this Agreement to be performed, satisfied or complied with by the Company at or prior to the FPU Closing; and

 

(vi)       No
order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory,
or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition
shall be in effect, preventing the purchase by the Purchaser of the Securities.

 

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

 

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

 

(ii)       The
representations and warranties of the Purchaser set forth in Section 2 of this Agreement shall have been true and correct as of
the date hereof and shall be true and correct as of the FPU Closing, as applicable, with the same effect as though such representations
and warranties had been made on and as of such date (other than any such representation or warranty that is made by its terms
as of a specified date, which shall be true and correct as of such specified date), except where the failure to be so true and
correct would not have a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated by
this Agreement;

 

(iii)       The
Purchaser shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Purchaser at or prior to the FPU Closing; and

 

    16 

     

    

(iv)       No
order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory,
or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition
shall be in effect, preventing the purchase by the Purchaser of the Securities.

 

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

 

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

 

(b)       automatically

 

(i)       if
the IPO is not consummated on or prior to June 30, 2021;

 

(ii)       if
the Business Combination is not consummated within twenty four (24) months from the closing of the IPO, unless extended upon approval
of the Company’s shareholders in accordance with the Charter up to a maximum of three months or such longer period as is
mutually agreed by the Company and the Purchaser; or

 

(iii)       if
the Company becomes subject to any voluntary or involuntary petition under the United States federal bankruptcy laws or any state
insolvency law, in each case which is not withdrawn within sixty (60) days after being filed, or a receiver, fiscal agent or similar
officer is appointed by a court for business or property of the Company, in each case which is not removed, withdrawn or terminated
within sixty (60) days after such appointment.

 

In
the event of any termination of this Agreement pursuant to this Section ‎9, the FPU Purchase Price (and interest thereon,
if any), if previously paid, and all Purchaser’s funds paid in connection herewith shall be promptly returned to the Purchaser,
and thereafter this Agreement shall forthwith become null and void and have no effect, without any liability on the part of the
Purchaser or the Company and their respective directors, officers, employees, partners, managers, members, or shareholders and
all rights and obligations of each party shall cease; provided, however, that nothing contained in this Section
‎9 shall relieve either party from liabilities or damages arising out of any fraud or willful breach by such party of any
of its representations, warranties, covenants or agreements contained in this Agreement.

 

10.       General
Provisions.

 

(a)       Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively
given upon the earlier of actual receipt, or (i) personal delivery to the party to be notified, (ii) when sent, if sent by electronic
mail or facsimile (if any) during normal business hours of the recipient, and if not sent during normal business hours, then on
the recipient’s next Business Day, (iii) five (5) Business Days after having been sent

 

    17 

     

    

by
registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1) Business Day after deposit with a nationally
recognized overnight courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. All
communications sent to the Company shall be sent to: Provident Acquisition Corp., Unit 11C/D, Kimley Commercial Building, 142
– 146 Queen’s Road Central, Hong Kong, Attention: Michael Aw, with a copy to the Company’s counsel at Davis
Polk and Wardwell LLP, 18th Floor, The Hong Kong Club Building 3A Chater Road, Central, Hong Kong, Attention: James C. Lin.

 

All
communications to the Purchaser shall be sent to the Purchaser’s address as set forth on the signature page hereof, or to
such e-mail address, facsimile number (if any) or address as subsequently modified by written notice given in accordance with
this Section ‎10(a).

 

(b)       No
Finder’s Fees. Each party represents that it neither is nor will be obligated for any finder’s fee or commission
in connection with this transaction. The Purchaser agrees to indemnify and to hold harmless the Company from any liability for
any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction (and the
costs and expenses of defending against such liability or asserted liability) for which the Purchaser or any of its officers,
employees or representatives is responsible. The Company agrees to indemnify and hold harmless the Purchaser from any liability
for any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction (and
the costs and expenses of defending against such liability or asserted liability) for which the Company or any of its officers,
directors, employees or representatives is responsible.

 

(c)       Survival
of Representations and Warranties. All of the representations and warranties contained herein shall survive the FPU Closing.

 

(d)       Entire
Agreement. This Agreement, together with any documents, instruments and writings that are delivered pursuant hereto or referenced
herein, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes
all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate
in any way to the subject matter hereof or the transactions contemplated hereby.

 

(e)       Successors.
All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding upon, and inure
to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing in this Agreement, express
or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any
rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

    18 

     

    

(f)       Assignments.
Except as otherwise specifically provided herein, including under Section ‎7, no party hereto may assign either this Agreement
or any of its rights, interests, or obligations hereunder without the prior written approval of the other parties.

 

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

 

(h)       Headings.
The section headings contained in this Agreement are inserted for convenience only and will not affect in any way the meaning
or interpretation of this Agreement.

 

(i)       Governing
Law. This Agreement, the entire relationship of the parties hereto, and any dispute between the parties (whether grounded
in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the
laws of Hong Kong.

 

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

 

(k)       Waiver
of Jury Trial. The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant to this
Agreement and the transactions contemplated hereby.

 

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

 

(m)       Severability.
The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect
the validity or enforceability of the other provisions hereof; provided that if any provision of this Agreement, as applied to
any party hereto or to any circumstance, is adjudged by a governmental authority, arbitrator, or mediator not to be enforceable
in accordance with its terms, the parties hereto agree that the governmental authority, arbitrator, or mediator making such determination
will have the power to modify the provision in a manner consistent with its objectives such that it is enforceable, and/or to
delete specific words or phrases, and in its reduced form, such provision will then be enforceable and will be enforced.

 

(n)       Expenses.
Each of the Company and the Purchaser will bear its own costs and expenses incurred in connection with the preparation, execution
and performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses
of agents, representatives,

 

    19 

     

    

financial advisors,
legal counsel and accountants. The Company shall be responsible for the fees of its transfer agent, stamp taxes and all of The
Depository Trust Company’s fees associated with the issuance of the Securities and the securities issuable upon conversion
or exercise of the Securities.

 

(o)       Construction.
The Parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of
intent or interpretation arises, this Agreement will be construed as if drafted jointly by the Parties hereto and no presumption
or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement.
Any reference to any federal, state, local, or foreign law will be deemed also to refer to law as amended and all rules and regulations
promulgated thereunder, unless the context requires otherwise. The words “include” “includes” and
“including” will be deemed to be followed by “without limitation.” Pronouns in masculine,
feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed to
include the plural and vice versa, unless the context otherwise requires. The words “this Agreement”
“herein,” “hereof,” “hereby,” “hereunder,”
and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited.
The Parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance.
If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there
exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of
specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in
breach of the first representation, warranty, or covenant.

 

(p)       Waiver.
No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional
or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder
or affect in any way any rights arising because of any prior or subsequent occurrence.

 

(q)       Confidentiality.
Except as may be required by law, regulation or applicable stock exchange listing requirements, unless and until the transactions
contemplated hereby and the terms hereof are publicly announced or otherwise publicly disclosed by the Company, the Parties hereto
shall keep confidential and shall not publicly disclose the existence or terms of this Agreement.

 

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

 

    20 

     

    

relief in aid of arbitration
in any court of competent jurisdiction in addition to any other remedy to which the Company is entitled at law or in equity.

 

[Signature
page follows]

    21 

     

    

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

 

	PURCHASER: 

        PT NUGRAHA EKA KENCANA

        

         
	 	Address for Notices: 

        Menara Karya Lt. 15,
JI. HR 

        Rasuna Said Blok X-5
Kav, 1-2, 

        Jakarta Selatan 12950,
Indonesia

	 	 	 
	By:	/s/ Devin Wirawan	 	 
	 	Name:Devin Wirawan	 	Email: devin.wirawan@saratoga-investama.com
	 	Title:President Director	 	Fax: +62 21 5794 4365

 

 

	COMPANY:

    PROVIDENT ACQUISITION CORP.	 
	 	 
	 	 
	By:	/s/ Michael Aw	 
	 	Name:Michael Aw	 
	 	Title:Director	 

  

 

	Number of Forward Purchase Shares:	1,000,000
	Number of Forward Purchase Warrants:	500,000
	Aggregate Purchase Price for Forward Purchase Units:	$10,000,000

 

 

 

 

[Signature
Page to Forward Purchase Agreement] 

     

     

    

Exhibit
A

Registration Rights

 

1.       Within
thirty (30) days after the Business Combination Closing, the Company shall use reasonable best efforts (i) to file a registration
statement on Form S-3 for a secondary offering (including any successor registration statement covering the resale of the Registrable
Securities a “Resale Shelf’) of (x) the Class A Shares and Warrants (and underlying Class A Shares) comprising
the Forward Purchase Units, (y) any other Class A Shares and Warrants that may be acquired by the Purchaser after the date of
this Agreement, including any time after the Business Combination Closing and (z) any other equity security of the Company issued
or issuable with respect to the securities referred to in clauses (x) and (y) by way of a share capitalization or share sub-division
or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization (collectively, the “Registrable
Securities”) pursuant to Rule 415 under the Securities Act; provided, that if Form S-3 is unavailable for such
a registration, the Company shall register the resale of the Registrable Securities on another appropriate form and undertake
to register the Registrable Securities on Form S-3 as soon as such form is available, (ii) to cause the Resale Shelf to be declared
effective under the Securities Act promptly thereafter, but in no event later than sixty (60) days thereafter, and (iii) to maintain
the effectiveness of such Resale Shelf with respect to the Purchaser’s Registrable Securities until the earliest of (A)
the date on which the Purchaser ceases to hold Registrable Securities covered by such Resale Shelf, (B) the date all of the Purchaser’s
Registrable Securities covered by the Resale Shelf can be sold publicly without restriction or limitation under Rule 144 under
the Securities Act and without the requirement to be in compliance with Rule 144(c)(1) under the Securities Act; and provided,
further, with respect to Registrable Securities acquired after the Business Combination Closing, the Company shall only
be obligated to amend the Resale Shelf or file a new registration statement that will constitute a Resale Shelf to include such
Registrable Securities on two (2) occasions, each upon the written request of Purchaser with respect to at least 100,000 Registrable
Securities.

 

2.       In
the event the Company is prohibited by applicable rule, regulation or interpretation by the staff (“Staff’)
of the Securities and Exchange Commission (“SEC”) from registering all of the Registrable Securities on the
Resale Shelf or the Staff requires that the Purchaser be specifically identified as an “underwriter’ in order to permit
such registration statement to become effective, and such Purchaser does not consent in writing to being so named as an underwriter
in such registration statement, the number of Registrable Securities to be registered on the Resale Shelf will be reduced on a
pro rata basis among all the holders of Registrable Securities to be so included, unless otherwise required by the Staff, so that
the number of Registrable Securities to be registered is permitted by Staff and such Purchaser is not required to be named as
an “underwriter”; provided, that any Registrable Securities not registered due to this paragraph 2 shall thereafter
as soon as allowed by the SEC guidance be registered to the extent the prohibition no longer is applicable.

 

3.       If
at any time the Company proposes to file a registration statement (a “Registration Statement”) on its own behalf,
or on behalf of any other Persons who have registration rights (“Other Holders”), relating to an underwritten
offering of ordinary

 

     

     

    

shares,
or engage in an Underwritten Shelf Takedown (as defined below) off an existing registration statement (a “Company Offering”),
then the Company will provide the Purchaser and each other Forward Contract Party who purchased at least 1,000,000 Forward Purchase
Shares (collectively, the “Piggyback Holders”) with notice in writing (an “Offer Notice”)
at least five (5) Business Days prior to such filing, which Offer Notice will offer to include in the Registration Statement Purchaser’s
Registrable Securities and a minimum of 500,000 of the securities of each other Forward Contract Party which is a Piggyback Holder
that constitute “Registrable Securities” under such Parties’ forward purchase agreements (collectively “Piggyback
Securities”). Within five (5) Business Days (or, in the case of an Offer Notice delivered to the Purchaser or the other
Forward Contract Parties in connection with an Underwritten Shelf Takedown, within three (3) Business Days) after receiving the
Offer Notice, the Purchaser may make a written request (a “Piggyback Request”) to the Company to include some
or all of Purchaser’s Registrable Securities in the Registration Statement. If the underwriter(s) for any Company Offering
advise the Company that marketing factors require a limitation on the number of securities that may be included in the Company
Offering, the number of securities to be so included shall be allocated as follows: (i) first, to the Company and the Other Holders,
if any; and (ii) second, to the Piggyback Holders based on the pro rata percentage of Piggyback Securities held by the
Piggyback Holders and requested to be included in the Underwritten Offering. Notwithstanding anything to the contrary in this
paragraph 3, the Company hereby agrees that it will not provide an Offer Notice to any other Forward Contract Party unless such
other Forward Contract Party agrees in writing to treat the contents of such Offer Notice as material non-public information.

 

4.       At
any time during which the Company has an effective Resale Shelf with respect to the Purchaser’s Registrable Securities,
the Purchaser may make a written request (which request shall specify the intended method of disposition thereof) (a “Shelf
Takedown Request”) to the Company to effect a sale, of all or a portion of the Purchaser’s Registrable Securities
that are covered by the Resale Shelf, and the Company shall use commercially reasonable efforts to file, to the extent required
by applicable law or regulation, a prospectus supplement (a “Shelf Takedown Prospectus Supplement”) for such
purpose as soon as reasonably practicable following receipt of a Shelf Takedown Request. The Purchaser may request that any such
sale be conducted as an underwritten public offering (an “Underwritten Shelf Takedown”). The Company shall
not be obligated to effect more than two Underwritten Shelf Takedowns. The Purchaser acknowledges that, pursuant to the terms
and conditions of Forward Contracts among the Company and other Forward Contract Parties (such agreements, as they relate to the
rights of the other Forward Contract Parties set forth in paragraphs 3, 4 and 5 of this Exhibit A, not to be amended without the
Purchaser’s prior written consent), each other Forward Contract Party who purchased at least 1,000,000 Forward Purchase
Shares and proposes to sell at least 500,000 Registrable Securities in the Underwritten Shelf Takedown (a “Requesting
Holder”) shall have the right, pursuant to a timely Piggyback Request, to include securities that are covered by the
Resale Shelf (“Requesting Holder Securities”) in the prospectus supplement relating to any Underwritten Shelf
Takedown and the Purchaser agrees to cooperate with the Company and such other Forward Contract Parties in furtherance thereof.
If the underwriter(s) for any Underwritten Shelf Takedown advise the Company that marketing factors require a limitation on the
number of securities that may be included in the

 

    A-2

     

    

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

 

5.       The
determination of whether any offering of Registrable Securities pursuant to the Resale Shelf or a Shelf Takedown Prospectus Supplement
will be an underwritten offering shall be made in the sole discretion of the Purchaser, after consultation with the Company, and
the Purchaser shall have the right, after consultation with the Company, to determine the plan of distribution, including the
price at which the Registrable Securities are to be sold and the underwriting commissions, discounts and fees (and the Piggyback
Holders or Requesting Holders (as applicable) shall not have the right to make any determinations other than whether they wish
to include their Requesting Holder Securities in the prospectus supplement). The Purchaser shall select the investment banker
or bankers and managers to administer the offering, including the lead managing underwriter (provided that such investment banker
or bankers and managers shall be reasonably satisfactory to the Company).

 

6.       In
connection with any underwritten offering, the Company shall enter into such customary agreements and take all such other actions
in connection therewith (including those requested by the Purchaser) in order to facilitate the disposition of such Registrable
Securities as are reasonably necessary or required, and in such connection enter into a customary underwriting agreement that
provides for customary opinions, comfort letters and officer’s certificates and other customary deliverables.

 

7.       The
Company shall pay all fees and expenses incident to the performance of or compliance with its obligation to prepare, file and
maintain the Resale Shelf (including the fees of its counsel and accountants). The Company shall also pay all Registration Expenses.
For purposes of this paragraph 6, “Registration Expenses” shall mean the out-of-pocket expenses of a Company
Offering or an Underwritten Shelf Takedown, including, without limitation, the following: (i) all registration and filing fees
(including fees with respect to filings required to be made with FINRA) and any securities exchange on which the Registrable Securities
are then listed; (ii) fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements
of one counsel to the underwriters in connection with blue sky qualifications of the Registrable Securities); (iii)

 

    A-3

     

    

printing,
messenger, telephone and delivery expenses; (iv) reasonable fees and disbursements of counsel for the Company; (v) reasonable
fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with
such Underwritten Shelf Takedown; and (vi) reasonable fees and expenses of one legal counsel selected by the Purchaser; provided,
that it is understood and agreed that the Company shall be responsible for any underwriting fees, discounts, selling commissions,
underwriter expenses and stock transfer taxes relating to the registration and sale of the Purchaser’s Registrable Securities.

 

8.       The
Company may suspend the use of a prospectus included in the Resale Shelf by furnishing to the Purchaser a written notice (“Suspension
Notice”) stating that in the good faith judgment of the Company, it would be either (i) prohibited by the Company’s
insider trading policy (as if the Purchaser were covered by such policy) or (ii) materially detrimental to the Company and its
shareholders for such prospectus to be used at such time. The Company’s right to suspend the use of such prospectus under
clause (ii) of the preceding sentence may be exercised for a period of not more than sixty (60) days after the date of such notice
to the Purchaser; provided such period may be extended for an additional thirty (30) days with the consent of a majority-in-interest
of the holders of Registrable Securities covered by the Resale Shelf; provided further, that such right to suspend the use of
a prospectus shall be exercised by the Company not more than once in any twelve (12) month period. A holder of Registrable Securities
shall not effect any sales of Registrable Securities pursuant to the Resale Shelf at any time after it has received a Suspension
Notice from the Company and prior to receipt of an End of Suspension Notice (as defined below). The holders may recommence effecting
sales of the Registrable Securities pursuant to the Resale Shelf following further written notice to such effect (an “End
of Suspension Notice”) from the Company to the holders. The Company shall act in good faith to permit any suspension
period contemplated by this paragraph to be concluded as promptly as reasonably practicable.

 

9.       The
Purchaser agrees that, except as required by applicable law, the Purchaser shall treat as confidential the receipt of any Suspension
Notice (provided that in no event shall such notice contain any material nonpublic information of the Company) hereunder and shall
not disclose or use the information contained in such Suspension Notice without the prior written consent of the Company until
such time as the information contained therein is or becomes public, other than as a result of disclosure by a holder of Registrable
Securities in breach of the terms of this Agreement.

 

10.       The
Company shall indemnify and hold harmless the Purchaser, its directors and officers, partners, members, managers, employees, agents,
and representatives of such Purchaser and each person, if any, who controls the Purchaser within the meaning of the Securities
Act and the Securities Exchange Act of 1934, as amended, and any agent thereof (collectively, “Indemnified Persons”),
to the fullest extent permitted by applicable law, from and against any losses, claims, damages, liabilities, joint or several,
costs (including reasonable costs of preparation and reasonable attorneys’ fees) and expenses, judgments, fines, penalties,
interest, settlements or other amounts arising from any and all claims, demands, actions, suits or proceedings, whether civil,
criminal, administrative or investigative, in which any Indemnified Person may be involved, or is threatened to be

 

    A-4

     

    

involved,
as a party or otherwise, under the Securities Act or otherwise (collectively, “Losses”), promptly as incurred,
arising out of, based upon or resulting from any untrue statement or alleged untrue statement of any material fact contained in
the Resale Shelf (or any amendment or supplement thereto), the related prospectus, or any amendment or supplement thereto, or
arise out of, are based upon or resulting from the omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading;
provided, however, that the Company shall not be liable in any such case or to any Indemnified Person to the extent that any such
Loss arises out of, is based upon or results from an untrue statement or alleged untrue statement or omission or alleged omission
or so made in reliance upon or in conformity with information furnished by or on behalf of such Indemnified Person in writing
specifically for use in the preparation of the Resale Shelf, the related prospectus, or any amendment or supplement thereto. Such
indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Person,
and shall survive the transfer of such securities by the Purchaser.

 

11.       The
Company’s obligation under paragraph (1) of this Exhibit A is subject to the Purchaser’s furnishing to the Company
in writing such information as the Company reasonably requests for use in connection with the Resale Shelf, the related prospectus,
or any amendment or supplement thereto. The Purchaser shall indemnify the Company, its officers, directors, managers, employees,
agents and representatives, and each person who controls the Company (within the meaning of the Securities Act) against any losses,
claims, damages, liabilities and expenses resulting from any untrue statement or alleged untrue statement of material fact contained
in the Resale Shelf, the related prospectus, or any amendment or supplement thereto or any omission or alleged omission of a material
fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such
untrue statement or omission is contained in any information so furnished in writing by such Purchaser expressly for inclusion
in such document; provided that the obligation to indemnify shall be individual, not joint and several, for each Purchaser and
shall be limited to the net amount of proceeds received by such Purchaser from the sale of Registrable Securities pursuant to
the Resale Shelf.

 

12.       The
Company shall cooperate with the Purchaser, to the extent the Registrable Securities become freely tradable, to facilitate the
timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to
be offered pursuant to a Resale Shelf and enable such certificates to be in such denominations or amounts, as the case may be,
as the Purchaser may reasonably request and registered in such names as the Purchaser may request.

 

13.       If
requested by the Purchaser, the Company shall as soon as practicable, subject to any Suspension Notice, (i) incorporate in a prospectus
supplement or post-effective amendment such information as the Purchaser reasonably requests to be included therein relating to
the sale and distribution of Registrable Securities, including, without limitation, information with respect to the number of
Registrable Securities being offered or sold, the purchase price being paid therefor and any other terms of the offering of the
Registrable Securities to be sold in such offering; (ii) make all required filings of such

 

    A-5

     

    

prospectus
supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus supplement or
post-effective amendment; and (iii) supplement or make amendments to any Registration Statement if reasonably requested by the
Purchaser holding any Registrable Securities.

 

14.       As
long as the Purchaser shall own Registrable Securities, the Company, at all times while it shall be reporting under the Securities
Exchange Act of 1934, as amended, shall file timely (or obtain extensions in respect thereof and file within the applicable grace
period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended, and shall promptly furnish the Purchaser with true and complete copies of all such filings,
unless filed through the SEC’s EDGAR system. The Company further covenants that it shall take such further action as the
Purchaser may reasonably request, all to the extent required from time to time, to enable the Purchaser to sell the Class A Shares
and Warrants held by the Purchaser without registration under the Securities Act within the limitation of the exemptions provided
by Rule 144 promulgated under the Securities Act, including providing any legal opinions. Upon the request of the Purchaser, the
Company shall deliver to the Purchaser a written certification of a duly authorized officer as to whether it has complied with
such requirements.

 

15.       The
rights, duties and obligations of the Purchaser under this Exhibit A may be assigned or delegated by the Purchaser in conjunction
with and to the extent of any transfer or assignment of Registrable Securities by the Purchaser to any transferee or assignee.

 

    A-6Exhibit 10.11

 

 

FORWARD
PURCHASE AGREEMENT

 

This Forward
Purchase Agreement (this “Agreement”) is entered into as of December 15, 2020, between Provident Acquisition
Corp., a Cayman Islands exempted company (the “Company”) and the party listed as the purchaser on the signature
page hereof (the “Purchaser”).

 

Recitals

 

WHEREAS,
the Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses (a “Business Combination”);

 

WHEREAS,
the Company has confidentially submitted to the U.S. Securities and Exchange Commission (the “SEC”) a draft
registration statement on Form S-1 (the “Registration Statement”) for its initial public offering (“IPO”)
of 20,000,000 units (or 23,000,000 units in the aggregate if the underwriters’ over-allotment is exercised in full) (the
“Public Units”) at a price of $10.00 per Public Unit, each comprised of one Class A ordinary share of the Company,
par value $0.0001 per share (the “Class A Share(s)”), and one-half of one redeemable warrant, where each whole
redeemable warrant is exercisable to purchase one Class A Share at an exercise price of $11.50 per share (the “Warrant(s)”);

 

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

 

WHEREAS,
the parties wish to enter into this Agreement, pursuant to which immediately prior to the closing of the Company’s initial
Business Combination (the “Business Combination Closing”), the Company shall issue and sell, and the Purchaser
shall purchase, on a private placement basis, the number of Class A Shares determined pursuant to Section 1(a)(i) hereof (the
“Forward Purchase Shares”) and the applicable number of Warrants determined pursuant to Section 1(a)(i) hereof,
with one Warrant being issuable to the Purchaser per each increment of two Forward Purchase Shares actually issued and sold to
the Purchaser hereunder (the “Forward Purchase Warrant(s)” and together with the Forward Purchase Shares, the
“Forward Purchase Units”) on the terms and conditions set forth herein; and

 

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

 

NOW, THEREFORE,
in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other
good and

 

     

     

    

valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

Agreement

 

1.       Sale
and Purchase.

 

(a)       Forward
Purchase Units.

 

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

 

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

 

(iii)       The
Company shall require the Purchaser to purchase the Forward Purchase Shares and the Forward Purchase Warrants pursuant to Section
1(a)(i) hereof by delivering notice to the Purchaser, at least ten (10) Business Days before the funding of the FPU Purchase Price
to the Escrow Account (as defined below), specifying the number of Forward Purchase Shares and Forward Purchase Warrants the Purchaser
is required to purchase, the anticipated date of the Business Combination Closing, the aggregate FPU Purchase Price and instructions
for wiring the FPU Purchase Price to an account of a third-party escrow agent (the “Escrow Account”) which
shall be the Company’s transfer agent (the “Escrow Agent”) pursuant to an escrow agreement between

 

    2 

     

    

the
Company and the Escrow Agent (the “Escrow Agreement”). At least two (2) Business Days before the anticipated
date of the Business Combination Closing specified in such notice, the Purchaser shall deliver the FPU Purchase Price in cash
via wire transfer to the account specified in such notice, to be held in escrow pending the Business Combination Closing. If the
Business Combination Closing does not occur within thirty (30) days after the Purchaser delivers the FPU Purchase Price to the
Escrow Agent, the Escrow Agreement will provide that the Escrow Agent shall automatically return to the Purchaser the FPU Purchase
Price, provided that the return of the FPU Purchase Price placed in escrow shall not terminate the Agreement or otherwise relieve
either party of any of its obligations hereunder. For the purposes of this Agreement, “Business Day” means
any day, other than a Saturday or a Sunday, that is neither a legal holiday nor a day on which banking institutions are generally
authorized or required by law or regulation to close in the City of New York, New York, or Hong Kong.

 

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

 

(b)       Delivery
of Securities.

 

(i)       The
Company shall register the Purchaser as the owner of the Forward Purchase Units purchased, by the Purchaser hereunder (the “Securities”)
in the register of members of the Company and with the Company’s transfer agent by book entry on or promptly after (but
in no event more than two (2) Business Days after) the date of the FPU Closing.

 

(ii)       Each
register and book entry for the Securities shall contain a notation, and each certificate (if any) evidencing the Securities shall
be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS
OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS.”

 

    3 

     

    

(c)       Legend
Removal. If the Securities are eligible to be sold without restriction under, and without the Company being in compliance
with the current public information requirements of, Rule 144 under the Securities Act of 1933, as amended (the “Securities
Act”), or there is an effective registration statement covering the resale of the Securities (and the Purchaser provides
the Company with a written undertaking to sell its Securities only in accordance with the plan of distribution contained in such
registration statement and only if such Purchaser has not been informed that the prospectus in such registration statement is
not current or the registration statement is no longer effective), then at the Purchaser’s request, the Company will cause
the Company’s transfer agent to remove the legend set forth in Section ‎1(b)(ii). In connection therewith, if required
by the Company’s transfer agent, the Company will promptly cause an opinion of counsel to be delivered to and maintained
with its transfer agent, together with any other authorizations, certificates and directions required by the transfer agent that
authorize and direct the transfer agent to transfer such Securities without any such legend; provided, that, notwithstanding the
foregoing, the Company will not be required to deliver any such opinion, authorization, certificate or direction if it reasonably
believes that removal of the legend could result in or facilitate transfers of Securities in violation of applicable law.

 

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

 

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

 

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

 

(b)       Authorization.
The Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Purchaser,
will constitute the valid and legally binding obligation of the Purchaser, enforceable in accordance with its terms, except (i)
as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of
general application affecting enforcement of creditors’ rights generally, (ii) as
limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies, or (iii)
to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable federal
or state securities laws.

 

(c)       Governmental
Consents and Filings. No consent, approval, order or authorization of, or registration, qualification, designation, declaration
or filing with, any federal, state or local governmental authority is required on the part of

 

    4 

     

    

the
Purchaser in connection with the consummation of the transactions contemplated by this Agreement.

 

(d)       Compliance
with Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement and the consummation by
the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i)
of any provisions of its organizational documents, if applicable, (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 the Purchaser, in each case (other than
clause (d)), which would have a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated
by this Agreement.

 

(e)       Purchase
Entirely for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s representation
to the Company, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that the Securities
to be acquired by the Purchaser will be acquired for investment for the Purchaser’s own account, not as a nominee or agent,
and not with a view to the resale or distribution of any part thereof, and that the Purchaser has no present intention of selling,
granting any participation in, or otherwise distributing the same in violation of law. By executing this Agreement, the Purchaser
further represents that the Purchaser does not presently have any contract, undertaking, agreement or arrangement with any Person
to sell, transfer or grant participations to such Person or to any third Person, with respect to any of the Securities. If the
Purchaser was formed for the specific purpose of acquiring the Securities, each of its equity owners is an accredited investor
as defined in Rule 501(a) of Regulation D promulgated under the Securities Act. For purposes of this Agreement, “Person”
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization,
any other entity or any government or any department or agency thereof.

 

(f)       Disclosure
of Information. The Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs
and the terms and conditions of the offering of the Securities, as well as the terms of the Company’s proposed IPO, with
the Company’s management. The Purchaser has reviewed the “Summary,” “Risk Factors,” “Description
of Securities,” “Management” and “Certain Relationships and Related Party Transactions” sections
of the Registration Statement, dated November 16, 2020, which have been provided to the Purchaser.

 

(g)       Restricted
Securities. The Purchaser understands that the Securities have not been registered under the Securities Act, by reason of
a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide
nature of the investment intent

 

    5 

     

    

and
the accuracy of the Purchaser’s representations as expressed herein. The Purchaser understands that the Securities are “restricted
securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, the Purchaser must
hold the Securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from
such registration and qualification requirements is available. The Purchaser acknowledges that the Company has no obligation to
register or qualify the Securities, or any Class A Shares into which they may be converted into or exercised for, for resale,
except for the Registration Rights. The Purchaser further acknowledges that if an exemption from registration or qualification
is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding
period for the Securities, and on requirements relating to the Company which are outside of the Purchaser’s control, and
which the Company is under no obligation and may not be able to satisfy. The Purchaser acknowledges that the Company confidentially
submitted the Registration Statement for its proposed IPO to the SEC for review. The Purchaser understands that the offering to
the Purchaser of the Securities is not, and is not intended to be, part of the IPO, and that the Purchaser will not be able to
rely on the protection of Section 11 of the Securities Act with respect to such Securities.

 

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

 

(i)       High
Degree of Risk. The Purchaser understands that its agreement to purchase the Securities involves a high degree of risk which
could cause the Purchaser to lose all or part of its investment

 

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

 

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

 

(l)       No
General Solicitation. Neither the Purchaser, nor any of its officers, directors, employees, agents, stockholders or partners
has either directly or indirectly, including, through a broker or finder (i) to its
knowledge, engaged in

 

    6 

     

    

any
general solicitation, or (ii) published any advertisement in connection with the
offer and sale of the Securities.

 

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

 

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

 

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

 

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

 

(q)       No
Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this
Section 2 and in any certificate or agreement delivered pursuant hereto, none of the Purchaser nor any person acting on behalf
of the Purchaser nor any of the Purchaser’s affiliates (the “Purchaser Parties”) has made, makes or shall
be deemed to make any other express or implied representation or warranty with respect to the Purchaser and this offering, and
the Purchaser Parties disclaim any such representation or warranty. Except for the specific representations and warranties expressly
made by the Company in Section 3 of this Agreement and in any certificate or agreement delivered pursuant hereto, the Purchaser
Parties specifically disclaim that they are relying upon any other representations or warranties that may have been made by the
Company, any person on behalf of the Company or any of the Company’s affiliates (collectively, the “Company Parties”).

 

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

 

(a)       Incorporation
and Corporate Power. The Company is an exempted company duly incorporated and validly existing and in good standing as an
exempted company under the laws of the Cayman Islands and has all requisite corporate power and authority to carry on its business
as presently conducted and as proposed to be conducted. The Company has no subsidiaries.

 

(b)       Capitalization.
As of the date hereof, the authorized share capital of the Company consists of:

 

    7 

     

    

(i)       200,000,000
Class A Shares, none of which are issued and outstanding.

 

(ii)       20,000,000
Class B ordinary shares of the Company, par value $0.0001 per share (the “Class B Share(s)”), 5,750,000 of
which are issued and outstanding (750,000 of which are subject to forfeiture to the extent that the underwriters’ over-allotment
option in connection with the IPO is not exercised in full). All of the issued and outstanding Class B Shares have been duly authorized,
are fully paid and nonassessable and were issued in compliance with all applicable federal and state securities laws.

 

(iii)       1,000,000
preference shares, none of which are issued and outstanding.

 

(c)       Authorization.
All corporate action required to be taken by the Company’s Board of Directors and shareholders in order to authorize the
Company to enter into this Agreement, and to issue the Securities at the FPU Closing, and the securities issuable upon conversion
or exercise of the Securities, has been taken or will be taken prior to the FPU Closing. All action on the part of the shareholders,
directors and officers of the Company necessary for the execution and delivery of this Agreement, the performance of all obligations
of the Company under this Agreement to be performed as of the FPU Closing, and the issuance and delivery of the Securities and
the securities issuable upon conversion or exercise of the Securities has been taken or will be taken prior to the FPU Closing.
This Agreement, when executed and delivered by the Company, shall constitute the valid and legally binding obligation of the Company,
enforceable against the Company in accordance with its terms except (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 relating to the availability of specific performance, injunctive relief, or other equitable remedies, or (iii)
to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable federal
or state securities laws.

 

(d)       Valid
Issuance of Securities.

 

(i)       The
Securities, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement
and the Charter and registered in the register of members of the Company, and the securities issuable upon conversion or exercise
of the Securities, when issued in accordance with the terms of the Securities, the amended and restated memorandum and articles
of association and this Agreement, and registered in the register of members of the Company, will be validly issued, fully paid
and nonassessable and free of all preemptive or similar rights, taxes, liens, encumbrances and charges with respect to the issue
thereof and restrictions on transfer other than

 

    8 

     

    

restrictions
on transfer specified under this Agreement, applicable state and federal securities laws and liens or encumbrances created by
or imposed by the Purchaser. Assuming the accuracy of the representations of the Purchaser in this Agreement and subject to the
filings described in Section ‎3(e) below, the Securities will be issued in compliance with all applicable federal and state
securities laws.

 

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

 

(e)       Governmental
Consents and Filings. Assuming the accuracy of the representations and warranties made by the Purchaser in this Agreement,
no consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any
federal, state or local governmental authority is required on the part of the Company in connection with the consummation of the
transactions contemplated by this Agreement, except for filings pursuant to Regulation D of the Securities Act, and applicable
state securities laws.

 

(f)       Compliance
with Other Instruments. The execution, delivery and performance of this Agreement and the consummation of the transactions
contemplated by this Agreement will not result in any violation or default (i) of
any provisions of its Charter or other governing 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 the Company, in each case (other than clause
(i)) which would have a material adverse effect on the Company or its ability to consummate the transactions contemplated by this
Agreement.

 

(g)       Operations.
As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations
other than organizational activities and activities in connection with offerings of the Securities and securities in the IPO.

 

(h)       Foreign
Corrupt Practices. Neither the Company, nor any director, officer, agent, employee or other Person acting on behalf of the
Company has, in the course of its actions for, or on behalf of, the Company (i) used
any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity;
(ii) made any direct or

 

    9 

     

    

indirect
unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii)
violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv)
made any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic
government official or employee.

 

(i)       Compliance
with Anti-Money Laundering Laws. The operations of the Company are and have been conducted at all times in compliance with
applicable financial recordkeeping and reporting requirements and all other applicable U.S. and non-U.S. anti-money laundering
laws and regulations, including, but not limited to, those of the Currency and Foreign Transactions Reporting Act of 1970, as
amended, the USA Patriot Act of 2001 and the applicable money laundering statutes of all applicable jurisdictions, the rules and
regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental
agency (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or before any
court or governmental agency, authority or body or any arbitrator involving the Company with respect to the Anti-Money Laundering
Laws is pending or, to the knowledge of the Company, threatened.

 

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

 

(k)       Absence
of Litigation. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government
agency, self-regulatory organization or body pending or, to the knowledge of the Company, threatened against or affecting the
Company or any of the Company’s officers or directors, whether of a civil or criminal nature or otherwise, in their capacities
as such.

 

(l)       No
General Solicitation. Neither the Company, nor any of its officers, directors, employees, agents or shareholders has either
directly or indirectly, including, through a broker or finder (i) engaged in any
general solicitation, or (ii) published any advertisement in connection with the
offer and sale of the Securities.

 

(m)       Issuance
Totals. Prior to or concurrently with the execution and delivery of this Agreement the Company has or is entering into forward
purchase

 

    10 

     

    

agreements
providing for the transfer of an aggregate of 312,500 Class B Shares concurrently with the closing of the IPO, and the purchase
of an aggregate of 5,500,000 Forward Purchase Shares and 2,750,000 Forward Purchase Warrants (in each case including the Forward
Purchase Shares and Forward Purchase Warrants transferred, purchased or sold under this Agreement).

 

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

 

(o)       No
Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this
Section 3 and in any certificate or agreement delivered pursuant hereto, none of the Company Parties has made, makes or shall
be deemed to make any other express or implied representation or warranty with respect to the Company, this offering, the proposed
IPO or a potential Business Combination, and the Company Parties disclaim any such representation or warranty. Except for the
specific representations and warranties expressly made by the Purchaser in Section 2 of this Agreement and in any certificate
or agreement delivered pursuant hereto, the Company Parties specifically disclaim that they are relying upon any other representations
or warranties that may have been made by the Purchaser Parties.

 

4.       Right
of First Offer. Subject to the terms and conditions of this Section ‎4, if, in connection with or prior to the Business
Combination Closing, the Company proposes to raise additional capital by issuing any equity securities, or securities convertible
into, exchangeable or exercisable for equity securities, other than the Public Units (and their component Class A Shares (the
“Public Shares”), Public Warrants and the Class A Shares underlying the Public Warrants) and Excluded Securities
(as defined below) (“New Equity Securities”), the Company shall first make an offer of the applicable pro
rata New Equity Securities to the Purchaser in accordance with the following provisions of this Section ‎4:

 

(a)       Offer
Notice.

 

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

 

(ii)       The
Offering Notice shall constitute the Company’s offer to sell the applicable pro rata New Equity Securities to the
Purchaser and

 

    11 

     

    

the
other Forward Contract Parties, which offer shall be irrevocable for a period of five (5) Business Days (the “ROFO Notice
Period”).

 

(b)       Exercise
of Right of First Offer.

 

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

 

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

 

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

 

    12 

     

    

issued
pursuant to forward purchase contracts entered into prior to the IPO Closing with Forward Contract Parties.

 

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

 

(a)       Trust
Account.

 

(i)       The
Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”)
for the benefit of its public shareholders upon the closing of the IPO. The Purchaser, for itself and its affiliates, hereby agrees
that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of
the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser
may have in respect of any Public Shares held by it.

 

(ii)       The
Purchaser hereby agrees that it shall have no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account
that it may have now or in the future, except for redemption and liquidation rights, if any, the Purchaser may have in respect
of any Public Shares held by it. In the event the Purchaser has any Claim against the Company under this Agreement, the Purchaser
shall pursue such Claim solely against the Company and its assets outside the Trust Account and not against the property or any
monies in the Trust Account, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public
Shares held by it.

 

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

 

(c)       No
Short Sales. The Purchaser hereby agrees that neither it, nor any person or entity acting on its behalf or pursuant to any
understanding with it, will engage in any Short Sales with respect to securities of the Company prior to the Business Combination
Closing. For purposes of this Section, “Short Sales” shall include, without limitation, all “short sales”
as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and all types of

 

    13 

     

    

direct
and indirect stock pledges (other than pledges in the ordinary course of business as part of prime brokerage arrangements), forward
sale contracts, options, puts, calls, swaps and similar arrangements (including on a total return basis), and sales and other
transactions through non-U.S. broker dealers or foreign regulated brokers.

 

6.       Additional
Agreements of the Company.

 

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

 

(b)       IPO.
The Company intends to offer at least 20,000,000 Public Units in the IPO. Each Public Unit will be comprised of one Class A Share
and one-half of one Warrant. Each whole Warrant will have an exercise price of not less than $11.50 per share.

 

(c)       No
Material Non-Public Information. The Company agrees that no information provided to the Purchaser in connection with this
Agreement will, upon the IPO Closing, constitute material non-public information of the Company, and following the IPO Closing,
the Company will not provide the Purchaser with any material non-public information of the Company (including any material non-public
information with respect to any other Person in connection with any proposed Business Combination) without the prior written consent
of the Purchaser.

 

(d)       Nasdaq
Listing. The Company will use commercially reasonable efforts to effect the listing of the Class A Shares and Warrants on
the Nasdaq Capital Market (or another national securities exchange).

 

(e)       No
Amendments to Charter. The Charter of the Company will be in substantially the same form of Exhibit 3.2 to a registration
statement on Form

 

    14 

     

    

S-1
for the IPO and will not be materially amended prior to the closing of the IPO without the Purchaser’s prior written consent.

 

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

 

(a)       the
applicable Transferee shall execute a signature page to this Agreement, substantially in the form of the Purchaser’s signature
page hereto (the “Joinder Agreement”), which shall reflect the number of Forward Purchase Shares and
Forward Purchase Warrants to be purchased by such Transferee (the “Transferee Securities”), and, upon
such execution, such Transferee shall have all the same rights and obligations of the Purchaser hereunder with respect to the
Transferee Securities, and references herein to the “Purchaser” shall be deemed to refer to and include
any such Transferee with respect to such Transferee and to its Transferee Securities; provided, that any representations, warranties,
covenants and agreements of the Purchaser and any such Transferee shall be several and not joint and shall be made as to the Purchaser
or any such Transferee, as applicable, as to itself only; and

 

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

 

8.       FPU
Closing Conditions.

 

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

 

    15 

     

    

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

 

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

 

(iii)       The
Company shall have delivered to such Purchaser a certificate evidencing the Company’s good standing as a Cayman Islands
exempted company, as of a date within ten (10) Business Days of the FPU Closing;

 

(iv)       The
representations and warranties of the Company set forth in Section 3 of this Agreement shall have been true and correct as of
the date hereof and shall be true and correct, in the case of the Company, as of the FPU Closing, as applicable, with the same
effect as though such representations and warranties had been made on and as of such date (other than any such representation
or warranty that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except,
in the case of the Company, where the failure to be so true and correct would not have a material adverse effect on the Company
or its ability to consummate the transactions contemplated by this Agreement;

 

(v)       The
Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required
by this Agreement to be performed, satisfied or complied with by the Company at or prior to the FPU Closing; and

 

(vi)       No
order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory,
or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition
shall be in effect, preventing the purchase by the Purchaser of the Securities.

 

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

 

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

 

(ii)       The
representations and warranties of the Purchaser set forth in Section 2 of this Agreement shall have been true and correct as of
the date hereof and shall be true and correct as of the FPU Closing, as

 

    16 

     

    

applicable,
with the same effect as though such representations and warranties had been made on and as of such date (other than any such representation
or warranty that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except
where the failure to be so true and correct would not have a material adverse effect on the Purchaser or its ability to consummate
the transactions contemplated by this Agreement;

 

(iii)       The
Purchaser shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Purchaser at or prior to the FPU Closing; and

 

(iv)       No
order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory,
or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition
shall be in effect, preventing the purchase by the Purchaser of the Securities.

 

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

 

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

 

(b)       automatically

 

(i)       if
the IPO is not consummated on or prior to June 30, 2021;

 

(ii)       if
the Business Combination is not consummated within twenty four (24) months from the closing of the IPO, unless extended upon approval
of the Company’s shareholders in accordance with the Charter up to a maximum of three months or such longer period as is
mutually agreed by the Company and the Purchaser; or

 

(iii)       if
the Company becomes subject to any voluntary or involuntary petition under the United States federal bankruptcy laws or any state
insolvency law, in each case which is not withdrawn within sixty (60) days after being filed, or a receiver, fiscal agent or similar
officer is appointed by a court for business or property of the Company, in each case which is not removed, withdrawn or terminated
within sixty (60) days after such appointment.

 

In the event
of any termination of this Agreement pursuant to this Section ‎9, the FPU Purchase Price (and interest thereon, if any), if
previously paid, and all Purchaser’s funds paid in connection herewith shall be promptly returned to the Purchaser, and
thereafter this Agreement shall forthwith become null and void and have no effect,

 

    17 

     

    

without any
liability on the part of the Purchaser or the Company and their respective directors, officers, employees, partners, managers,
members, or shareholders and all rights and obligations of each party shall cease; provided, however, that nothing
contained in this Section ‎9 shall relieve either party from liabilities or damages arising out of any fraud or willful breach
by such party of any of its representations, warranties, covenants or agreements contained in this Agreement.

 

10.       General
Provisions.

 

(a)       Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively
given upon the earlier of actual receipt, or (i) personal delivery to the party to be notified, (ii) when sent, if sent by electronic
mail or facsimile (if any) during normal business hours of the recipient, and if not sent during normal business hours, then on
the recipient’s next Business Day, (iii) five (5) Business Days after having been sent by registered or certified mail,
return receipt requested, postage prepaid, or (iv) one (1) Business Day after deposit with a nationally recognized overnight courier,
freight prepaid, specifying next Business Day delivery, with written verification of receipt. All communications sent to the Company
shall be sent to: Provident Acquisition Corp., Unit 11C/D, Kimley Commercial Building, 142 – 146 Queen’s Road Central,
Hong Kong, Attention: Michael Aw, with a copy to the Company’s counsel at Davis Polk and Wardwell LLP, 18th Floor, The Hong
Kong Club Building 3A Chater Road, Central, Hong Kong, Attention: James C. Lin.

 

All communications
to the Purchaser shall be sent to the Purchaser’s address as set forth on the signature page hereof, or to such e-mail address,
facsimile number (if any) or address as subsequently modified by written notice given in accordance with this Section ‎10(a).

 

(b)       No
Finder’s Fees. Each party represents that it neither is nor will be obligated for any finder’s fee or commission
in connection with this transaction. The Purchaser agrees to indemnify and to hold harmless the Company from any liability for
any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction (and the
costs and expenses of defending against such liability or asserted liability) for which the Purchaser or any of its officers,
employees or representatives is responsible. The Company agrees to indemnify and hold harmless the Purchaser from any liability
for any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction (and
the costs and expenses of defending against such liability or asserted liability) for which the Company or any of its officers,
directors, employees or representatives is responsible.

 

(c)       Survival
of Representations and Warranties. All of the representations and warranties contained herein shall survive the FPU Closing.

 

    18 

     

    

(d)       Entire
Agreement. This Agreement, together with any documents, instruments and writings that are delivered pursuant hereto or referenced
herein, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes
all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate
in any way to the subject matter hereof or the transactions contemplated hereby.

 

(e)       Successors.
All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding upon, and inure
to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing in this Agreement, express
or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any
rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

(f)       Assignments.
Except as otherwise specifically provided herein, including under Section ‎7, no party hereto may assign either this Agreement
or any of its rights, interests, or obligations hereunder without the prior written approval of the other parties.

 

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

 

(h)       Headings.
The section headings contained in this Agreement are inserted for convenience only and will not affect in any way the meaning
or interpretation of this Agreement.

 

(i)       Governing
Law. This Agreement, the entire relationship of the parties hereto, and any dispute between the parties (whether grounded
in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the
laws of Hong Kong.

 

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

 

(k)       Waiver
of Jury Trial. The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant to this
Agreement and the transactions contemplated hereby.

 

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

 

    19 

     

    

(m)       Severability.
The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect
the validity or enforceability of the other provisions hereof; provided that if any provision of this Agreement, as applied to
any party hereto or to any circumstance, is adjudged by a governmental authority, arbitrator, or mediator not to be enforceable
in accordance with its terms, the parties hereto agree that the governmental authority, arbitrator, or mediator making such determination
will have the power to modify the provision in a manner consistent with its objectives such that it is enforceable, and/or to
delete specific words or phrases, and in its reduced form, such provision will then be enforceable and will be enforced.

 

(n)       Expenses.
Each of the Company and the Purchaser will bear its own costs and expenses incurred in connection with the preparation, execution
and performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses
of agents, representatives, financial advisors, legal counsel and accountants. The Company shall be responsible for the fees of
its transfer agent, stamp taxes and all of The Depository Trust Company’s fees associated with the issuance of the Securities
and the securities issuable upon conversion or exercise of the Securities.

 

(o)       Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of
intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement.
Any reference to any federal, state, local, or foreign law will be deemed also to refer to law as amended and all rules and regulations
promulgated thereunder, unless the context requires otherwise. The words “include” “includes” and
“including” will be deemed to be followed by “without limitation.” Pronouns in masculine,
feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed to
include the plural and vice versa, unless the context otherwise requires. The words “this Agreement”
“herein,” “hereof,” “hereby,” “hereunder,”
and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited.
The parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance.
If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there
exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of
specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in
breach of the first representation, warranty, or covenant.

 

(p)       Waiver.
No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional
or not, may be deemed to extend to any prior or subsequent default,

 

    20 

     

    

misrepresentation,
or breach of warranty or covenant hereunder or affect in any way any rights arising because of any prior or subsequent occurrence.

 

(q)       Confidentiality.
Except as may be required by law, regulation or applicable stock exchange listing requirements, unless and until the transactions
contemplated hereby and the terms hereof are publicly announced or otherwise publicly disclosed by the Company, the parties hereto
shall keep confidential and shall not publicly disclose the existence or terms of this Agreement.

 

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

 

[Signature
page follows]

 

    21 

     

    

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

 

	PURCHASER:

    Aventis Star Investments Limited	 	Address for Notices:

        Vistra Corporate Services
Centre,

        Wickhams Cay II, Road
Town,

        Tortola, VG1110, British
Virgin Islands

	By:	/s/ Michael Aw	 	 
	 	Name:Michael Aw	 	Email: michael.aw@procap-parterns.com
	 	Title:Director	 	 

  

 

	COMPANY:

    PROVIDENT ACQUISITION CORP.	 
	 	 
	 	 
	By:	/s/ Michael Aw	 
	 	Name:Michael Aw	 
	 	Title:Director	 

  

 

	Number of Forward Purchase Shares:	2,000,000
	Number of Forward Purchase Warrants:	1,000,000
	Aggregate Purchase Price for Forward Purchase Units:	$20,000,000

 

 

[Signature
Page to Forward Purchase Agreement]

     

     

    

Exhibit
A

Registration Rights

 

1.       Within
thirty (30) days after the Business Combination Closing, the Company shall use reasonable best efforts (i) to file a registration
statement on Form S-3 for a secondary offering (including any successor registration statement covering the resale of the Registrable
Securities a “Resale Shelf’) of (x) the Class A Shares and Warrants (and underlying Class A Shares) comprising
the Forward Purchase Units, (y) any other Class A Shares and Warrants that may be acquired by the Purchaser after the date of
this Agreement, including any time after the Business Combination Closing and (z) any other equity security of the Company issued
or issuable with respect to the securities referred to in clauses (x) and (y) by way of a share capitalization or share sub-division
or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization (collectively, the “Registrable
Securities”) pursuant to Rule 415 under the Securities Act; provided, that if Form S-3 is unavailable for such
a registration, the Company shall register the resale of the Registrable Securities on another appropriate form and undertake
to register the Registrable Securities on Form S-3 as soon as such form is available, (ii) to cause the Resale Shelf to be declared
effective under the Securities Act promptly thereafter, but in no event later than sixty (60) days thereafter, and (iii) to maintain
the effectiveness of such Resale Shelf with respect to the Purchaser’s Registrable Securities until the earliest of (A)
the date on which the Purchaser ceases to hold Registrable Securities covered by such Resale Shelf, (B) the date all of the Purchaser’s
Registrable Securities covered by the Resale Shelf can be sold publicly without restriction or limitation under Rule 144 under
the Securities Act and without the requirement to be in compliance with Rule 144(c)(1) under the Securities Act; and provided,
further, with respect to Registrable Securities acquired after the Business Combination Closing, the Company shall only
be obligated to amend the Resale Shelf or file a new registration statement that will constitute a Resale Shelf to include such
Registrable Securities on two (2) occasions, each upon the written request of Purchaser with respect to at least 100,000 Registrable
Securities.

 

2.       In
the event the Company is prohibited by applicable rule, regulation or interpretation by the staff (“Staff’)
of the Securities and Exchange Commission (“SEC”) from registering all of the Registrable Securities on the
Resale Shelf or the Staff requires that the Purchaser be specifically identified as an “underwriter’ in order to permit
such registration statement to become effective, and such Purchaser does not consent in writing to being so named as an underwriter
in such registration statement, the number of Registrable Securities to be registered on the Resale Shelf will be reduced on a
pro rata basis among all the holders of Registrable Securities to be so included, unless otherwise required by the Staff, so that
the number of Registrable Securities to be registered is permitted by Staff and such Purchaser is not required to be named as
an “underwriter”; provided, that any Registrable Securities not registered due to this paragraph 2 shall thereafter
as soon as allowed by the SEC guidance be registered to the extent the prohibition no longer is applicable.

 

3.       If
at any time the Company proposes to file a registration statement (a “Registration Statement”) on its own behalf,
or on behalf of any other Persons who

 

     

     

    

have registration rights (“Other
Holders”), relating to an underwritten offering of ordinary shares, or engage in an Underwritten Shelf Takedown (as
defined below) off an existing registration statement (a “Company Offering”), then the Company will provide
the Purchaser and each other Forward Contract Party who purchased at least 1,000,000 Forward Purchase Shares (collectively, the
“Piggyback Holders”) with notice in writing (an “Offer Notice”) at least five (5) Business
Days prior to such filing, which Offer Notice will offer to include in the Registration Statement Purchaser’s Registrable
Securities and a minimum of 500,000 of the securities of each other Forward Contract Party which is a Piggyback Holder that constitute
“Registrable Securities” under such parties’ forward purchase agreements (collectively “Piggyback Securities”).
Within five (5) Business Days (or, in the case of an Offer Notice delivered to the Purchaser or the other Forward Contract Parties
in connection with an Underwritten Shelf Takedown, within three (3) Business Days) after receiving the Offer Notice, the Purchaser
may make a written request (a “Piggyback Request”) to the Company to include some or all of Purchaser’s
Registrable Securities in the Registration Statement. If the underwriter(s) for any Company Offering advise the Company that marketing
factors require a limitation on the number of securities that may be included in the Company Offering, the number of securities
to be so included shall be allocated as follows: (i) first, to the Company and the Other Holders, if any; and (ii) second, to
the Piggyback Holders based on the pro rata percentage of Piggyback Securities held by the Piggyback Holders and requested
to be included in the Underwritten Offering. Notwithstanding anything to the contrary in this paragraph 3, the Company hereby
agrees that it will not provide an Offer Notice to any other Forward Contract Party unless such other Forward Contract Party agrees
in writing to treat the contents of such Offer Notice as material non-public information.

 

4.       At
any time during which the Company has an effective Resale Shelf with respect to the Purchaser’s Registrable Securities,
the Purchaser may make a written request (which request shall specify the intended method of disposition thereof) (a “Shelf
Takedown Request”) to the Company to effect a sale, of all or a portion of the Purchaser’s Registrable Securities
that are covered by the Resale Shelf, and the Company shall use commercially reasonable efforts to file, to the extent required
by applicable law or regulation, a prospectus supplement (a “Shelf Takedown Prospectus Supplement”) for such
purpose as soon as reasonably practicable following receipt of a Shelf Takedown Request. The Purchaser may request that any such
sale be conducted as an underwritten public offering (an “Underwritten Shelf Takedown”). The Company shall
not be obligated to effect more than two Underwritten Shelf Takedowns. The Purchaser acknowledges that, pursuant to the terms
and conditions of Forward Contracts among the Company and other Forward Contract Parties (such agreements, as they relate to the
rights of the other Forward Contract Parties set forth in paragraphs 3, 4 and 5 of this Exhibit A, not to be amended without the
Purchaser’s prior written consent), each other Forward Contract Party who purchased at least 1,000,000 Forward Purchase
Shares and proposes to sell at least 500,000 Registrable Securities in the Underwritten Shelf Takedown (a “Requesting
Holder”) shall have the right, pursuant to a timely Piggyback Request, to include securities that are covered by the
Resale Shelf (“Requesting Holder Securities”) in the prospectus supplement relating to any Underwritten Shelf
Takedown and the Purchaser agrees to cooperate with the Company and such other Forward Contract Parties in furtherance thereof.
If the underwriter(s) for any Underwritten Shelf

 

    A-2

     

    

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

 

5.       The
determination of whether any offering of Registrable Securities pursuant to the Resale Shelf or a Shelf Takedown Prospectus Supplement
will be an underwritten offering shall be made in the sole discretion of the Purchaser, after consultation with the Company, and
the Purchaser shall have the right, after consultation with the Company, to determine the plan of distribution, including the
price at which the Registrable Securities are to be sold and the underwriting commissions, discounts and fees (and the Piggyback
Holders or Requesting Holders (as applicable) shall not have the right to make any determinations other than whether they wish
to include their Requesting Holder Securities in the prospectus supplement). The Purchaser shall select the investment banker
or bankers and managers to administer the offering, including the lead managing underwriter (provided that such investment banker
or bankers and managers shall be reasonably satisfactory to the Company).

 

6.       In
connection with any underwritten offering, the Company shall enter into such customary agreements and take all such other actions
in connection therewith (including those requested by the Purchaser) in order to facilitate the disposition of such Registrable
Securities as are reasonably necessary or required, and in such connection enter into a customary underwriting agreement that
provides for customary opinions, comfort letters and officer’s certificates and other customary deliverables.

 

7.       The
Company shall pay all fees and expenses incident to the performance of or compliance with its obligation to prepare, file and
maintain the Resale Shelf (including the fees of its counsel and accountants). The Company shall also pay all Registration Expenses.
For purposes of this paragraph 6, “Registration Expenses” shall mean the out-of-pocket expenses of a Company
Offering or an Underwritten Shelf Takedown, including, without limitation, the following: (i) all registration and filing fees
(including fees with respect to filings required to be made with FINRA) and any securities exchange on which the Registrable Securities
are then listed; (ii) fees and

 

    A-3

     

    

expenses of compliance with securities
or blue sky laws (including reasonable fees and disbursements of one counsel to the underwriters in connection with blue sky qualifications
of the Registrable Securities); (iii) printing, messenger, telephone and delivery expenses; (iv) reasonable fees and disbursements
of counsel for the Company; (v) reasonable fees and disbursements of all independent registered public accountants of the Company
incurred specifically in connection with such Underwritten Shelf Takedown; and (vi) reasonable fees and expenses of one legal
counsel selected by the Purchaser; provided, that it is understood and agreed that the Company shall be responsible for
any underwriting fees, discounts, selling commissions, underwriter expenses and stock transfer taxes relating to the registration
and sale of the Purchaser’s Registrable Securities.

 

8.       The
Company may suspend the use of a prospectus included in the Resale Shelf by furnishing to the Purchaser a written notice (“Suspension
Notice”) stating that in the good faith judgment of the Company, it would be either (i) prohibited by the Company’s
insider trading policy (as if the Purchaser were covered by such policy) or (ii) materially detrimental to the Company and its
shareholders for such prospectus to be used at such time. The Company’s right to suspend the use of such prospectus under
clause (ii) of the preceding sentence may be exercised for a period of not more than sixty (60) days after the date of such notice
to the Purchaser; provided such period may be extended for an additional thirty (30) days with the consent of a majority-in-interest
of the holders of Registrable Securities covered by the Resale Shelf; provided further, that such right to suspend the use of
a prospectus shall be exercised by the Company not more than once in any twelve (12) month period. A holder of Registrable Securities
shall not effect any sales of Registrable Securities pursuant to the Resale Shelf at any time after it has received a Suspension
Notice from the Company and prior to receipt of an End of Suspension Notice (as defined below). The holders may recommence effecting
sales of the Registrable Securities pursuant to the Resale Shelf following further written notice to such effect (an “End
of Suspension Notice”) from the Company to the holders. The Company shall act in good faith to permit any suspension
period contemplated by this paragraph to be concluded as promptly as reasonably practicable.

 

9.       The
Purchaser agrees that, except as required by applicable law, the Purchaser shall treat as confidential the receipt of any Suspension
Notice (provided that in no event shall such notice contain any material nonpublic information of the Company) hereunder and shall
not disclose or use the information contained in such Suspension Notice without the prior written consent of the Company until
such time as the information contained therein is or becomes public, other than as a result of disclosure by a holder of Registrable
Securities in breach of the terms of this Agreement.

 

10.       The
Company shall indemnify and hold harmless the Purchaser, its directors and officers, partners, members, managers, employees, agents,
and representatives of such Purchaser and each person, if any, who controls the Purchaser within the meaning of the Securities
Act and the Securities Exchange Act of 1934, as amended, and any agent thereof (collectively, “Indemnified Persons”),
to the fullest extent permitted by applicable law, from and against any losses, claims, damages, liabilities, joint or several,
costs (including reasonable costs of preparation and reasonable

 

    A-4

     

    

attorneys’ fees) and expenses,
judgments, fines, penalties, interest, settlements or other amounts arising from any and all claims, demands, actions, suits or
proceedings, whether civil, criminal, administrative or investigative, in which any Indemnified Person may be involved, or is
threatened to be involved, as a party or otherwise, under the Securities Act or otherwise (collectively, “Losses”),
promptly as incurred, arising out of, based upon or resulting from any untrue statement or alleged untrue statement of any material
fact contained in the Resale Shelf (or any amendment or supplement thereto), the related prospectus, or any amendment or supplement
thereto, or arise out of, are based upon or resulting from the omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading;
provided, however, that the Company shall not be liable in any such case or to any Indemnified Person to the extent that any such
Loss arises out of, is based upon or results from an untrue statement or alleged untrue statement or omission or alleged omission
or so made in reliance upon or in conformity with information furnished by or on behalf of such Indemnified Person in writing
specifically for use in the preparation of the Resale Shelf, the related prospectus, or any amendment or supplement thereto. Such
indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Person,
and shall survive the transfer of such securities by the Purchaser.

 

11.       The
Company’s obligation under paragraph (1) of this Exhibit A is subject to the Purchaser’s furnishing to the Company
in writing such information as the Company reasonably requests for use in connection with the Resale Shelf, the related prospectus,
or any amendment or supplement thereto. The Purchaser shall indemnify the Company, its officers, directors, managers, employees,
agents and representatives, and each person who controls the Company (within the meaning of the Securities Act) against any losses,
claims, damages, liabilities and expenses resulting from any untrue statement or alleged untrue statement of material fact contained
in the Resale Shelf, the related prospectus, or any amendment or supplement thereto or any omission or alleged omission of a material
fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such
untrue statement or omission is contained in any information so furnished in writing by such Purchaser expressly for inclusion
in such document; provided that the obligation to indemnify shall be individual, not joint and several, for each Purchaser and
shall be limited to the net amount of proceeds received by such Purchaser from the sale of Registrable Securities pursuant to
the Resale Shelf.

 

12.       The
Company shall cooperate with the Purchaser, to the extent the Registrable Securities become freely tradable, to facilitate the
timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to
be offered pursuant to a Resale Shelf and enable such certificates to be in such denominations or amounts, as the case may be,
as the Purchaser may reasonably request and registered in such names as the Purchaser may request.

 

13.       If
requested by the Purchaser, the Company shall as soon as practicable, subject to any Suspension Notice, (i) incorporate in a prospectus
supplement or post-effective amendment such information as the Purchaser reasonably requests to be

 

    A-5

     

    

included therein relating to
the sale and distribution of Registrable Securities, including, without limitation, information with respect to the number of
Registrable Securities being offered or sold, the purchase price being paid therefor and any other terms of the offering of the
Registrable Securities to be sold in such offering; (ii) make all required filings of such prospectus supplement or post-effective
amendment after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and
(iii) supplement or make amendments to any Registration Statement if reasonably requested by the Purchaser holding any Registrable
Securities.

 

14.       As
long as the Purchaser shall own Registrable Securities, the Company, at all times while it shall be reporting under the Securities
Exchange Act of 1934, as amended, shall file timely (or obtain extensions in respect thereof and file within the applicable grace
period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended, and shall promptly furnish the Purchaser with true and complete copies of all such filings,
unless filed through the SEC’s EDGAR system. The Company further covenants that it shall take such further action as the
Purchaser may reasonably request, all to the extent required from time to time, to enable the Purchaser to sell the Class A Shares
and Warrants held by the Purchaser without registration under the Securities Act within the limitation of the exemptions provided
by Rule 144 promulgated under the Securities Act, including providing any legal opinions. Upon the request of the Purchaser, the
Company shall deliver to the Purchaser a written certification of a duly authorized officer as to whether it has complied with
such requirements.

 

15.       The
rights, duties and obligations of the Purchaser under this Exhibit A may be assigned or delegated by the Purchaser in conjunction
with and to the extent of any transfer or assignment of Registrable Securities by the Purchaser to any transferee or assignee.

 

    A-6

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