Document:

Exhibit 10.7

 

[●],
2021

 

TPB Acquisition Corporation I

1 Letterman Drive, Suite A3-1

San Francisco, CA 94129

 

		Re:	Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (this “Letter Agreement”)
is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and among TPB Acquisition Corporation I, a Cayman Islands exempted company (the “Company”),
Barclays Capital Inc. and Code Advisors LLC, as representatives (the “Representatives”) of the several
underwriters (the “Underwriters”), relating to an underwritten initial public offering (the “Public
Offering”) of up to 23,000,000 of the Company’s units (including 3,000,000 that may be purchased pursuant
to the Underwriters’ option to purchase additional units, the “Units”), each comprising of one
of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”),
and one-third of one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the
holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in
the Public Offering pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”)
filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”). Certain capitalized
terms used herein are defined in paragraph 1 hereof.

 

In order to induce the Company and the
Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, TPB Acquisition Sponsor I, LLC (the “Sponsor”)
and each of the undersigned (each, an “Insider” and, collectively, the “Insiders”)
hereby agree with the Company as follows:

 

1.            Definitions.
As used herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with one or more businesses or entities; (ii) “Founder
Shares” shall mean the 5,750,000 Class B ordinary shares of the Company (up to 750,000 of which are subject
to forfeiture depending on the extent to which the underwriter’s over-allotment option is exercised), par value $0.0001 per
share, outstanding prior to the consummation of the Public Offering; (iii) “Private Placement Warrants”
shall mean the warrants to purchase Ordinary Shares of the Company that will be acquired by the Sponsor for an aggregate purchase
price of $6,500,000 (or up to $7,100,000 if the Underwriters’ exercise their option to purchase additional units), or $1.50
per Warrant, in a private placement that shall close simultaneously with the consummation of the Public Offering (including Ordinary
Shares issuable upon conversion thereof); (iv) “Public Shareholders” shall mean the holders of Ordinary
Shares included in the Units issued in the Public Offering; (v) “Public Shares” shall mean the Ordinary
Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the
trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall
be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement
to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly,
or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position
within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of
the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers
to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is
to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect
any transaction specified in clause (a) or (b); and (ix) “Charter” shall mean the Company’s
Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

 

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2.            Representations
and Warranties.

 

(a)            The
Sponsor and each Insider, with respect to itself, herself or himself, represent and warrant to the Company that it, she or he has
the full right and power, without violating any agreement to which it, she or he is bound (including, without limitation, any non-competition
or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement, as applicable, and to
serve as an officer of the Company and/or a director on the Company’s Board of Director (the “Board”),
as applicable, and each Insider hereby consents to being named in the Prospectus, road show and any other materials as an officer
and/or director of the Company, as applicable.

 

(b)            Each
Insider represents and warrants, with respect to herself or himself, that such Insider’s biographical information furnished
to the Company (including any such information included in the Prospectus) is true and accurate in all material respects and does
not omit any material information with respect to such Insider’s background. The Insider’s questionnaire furnished
to the Company is true and accurate in all material respects. Each Insider represents and warrants that such Insider is not subject
to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain
from any act or practice relating to the offering of securities in any jurisdiction; such Insider has never been convicted of,
or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds
of another person, or (iii) pertaining to any dealings in any securities and such Insider is not currently a defendant in
any such criminal proceeding; and such Insider has never been suspended or expelled from membership in any securities or commodities
exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

3.            Business
Combination Vote. It is acknowledged and agreed that the Company shall not enter into
a definitive agreement regarding a proposed Business Combination without the prior consent of the Sponsor. The Sponsor and each
Insider, with respect to itself or herself or himself, agrees that if the Company seeks shareholder approval of a proposed initial
Business Combination, then in connection with such proposed initial Business Combination, it, she or he, as applicable, shall vote
all Founder Shares and any Public Shares held by it, her or him, as applicable, in favor of such proposed initial Business Combination
(including any proposals recommended by the Board in connection with such Business Combination) and not redeem any Public Shares
held by it, her or him, as applicable, in connection with such shareholder approval.

 

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4.            Failure
to Consummate a Business Combination; Trust Account Waiver.

 

(a)            The
Sponsor and each Insider hereby agree, with respect to itself, herself or himself, that in the event that the Company fails to
consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor and each Insider shall
take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up; (ii) as
promptly as reasonably possible but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds
held in the Trust Account and not previously release to the Company to pay income taxes (less up to $100,000 of interest to pay
dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public
Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as
promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders
and the Board, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations
under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law.
The Sponsor and each Insider agree not to propose any amendment to the Charter (i) that would modify the substance or timing
of the Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection
with an initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete an initial Business
Combination within the required time period set forth in the Charter or (ii) with respect to any provision relating to the
rights of holders of Public Shares unless the Company provides its Public Shareholders with the opportunity to redeem their Public
Shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company
to pay taxes, if any, divided by the number of then-outstanding Public Shares.

 

(b)            The
Sponsor and each Insider, with respect to itself, herself or himself, acknowledges that it, she or he 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 with respect to the Founder Shares held by it, her or him, if any. The Sponsor and each of the Insiders hereby further
waive, with respect to any Founder Shares and Public Shares held by it, her or him, as applicable, any redemption rights it, she
or he may have in connection with the consummation of a Business Combination, including, without limitation, any such rights available
in the context of a shareholder vote to approve such Business Combination or a shareholder vote to approve an amendment to the
Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public Shares
the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares
if the Company has not consummated an initial Business Combination within the time period set forth in the Charter or (ii) with
respect to any provision relating to the rights of holders of Public Shares (although the Sponsor and the Insiders shall be entitled
to liquidation rights with respect to any Public Shares they hold if the Company fails to consummate a Business Combination within
the required time period set forth in the Charter).

 

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5.            Lock-up;
Transfer Restrictions.

 

(a)            The
Sponsor and the Insiders agree that they shall not Transfer any Founder Shares (the “Founder Shares
Lock-up”) until the third anniversary following the completion of an initial Business Combination on which the Company
completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders
having the right to exchange their Ordinary Shares for cash, securities or other property (the “Founder Shares Lock-up
Period”). Notwithstanding the foregoing, if, subsequent to such Business Combination, the closing price of the
Ordinary Shares equals or exceeds , for any 20 trading days within a 30-trading day period, (i) $10.00 per share, one-third (1/3)
of the Founder Shares shall be released from the Founder Shares Lock-up, (ii) $12.50 per share, an additional one-third (1/3) of the
Founder Shares (two-thirds (2/3) of the Founder Shares in the aggregate), shall be released from the Founder Shares Lock-up and
(iii) $15.00 per share, an additional one-third (1/3) of the Founder Shares (all of the Founder Shares in the aggregate) shall be
released from the Founder Shares Lock-up; provided that in each case, such per share price shall be adjusted for share
sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like as
appropriate.

 

(b)            The
Sponsor and Insiders agree that they shall not effectuate any Transfer of Private Placement Warrants or Ordinary Shares underlying
such warrants until 30 days after the completion of an initial Business Combination.

 

(c)            Notwithstanding
the provisions set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and Ordinary
Shares underlying the Private Placement Warrants are permitted (a) to the Company’s officers or directors, any affiliate
or family member of any of the Company’s officers or directors, any members or partners of the Sponsor or their affiliates,
any affiliates of the Sponsor, or any employees of such affiliates; (b) in the case of an individual, by gift to a member
of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s
immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue
of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified
domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar
arrangement or in connection with the consummation of a Business Combination at prices no greater than the price at which the Founder
Shares, Private Placement Warrants or Ordinary Shares, as applicable, were originally purchased; (f) by virtue of the Sponsor’s
organizational documents upon liquidation or dissolution of the Sponsor; (g) to the Company for no value for cancellation
in connection with the consummation of an initial Business Combination, (h) in the event of the Company’s liquidation
prior to the completion of a Business Combination; or (i) in the event of completion of a liquidation, merger, share exchange
or other similar transaction which results in all of the Company’s Public Shareholders having the right to exchange their
Ordinary Shares for cash, securities or other property subsequent to the completion of an initial Business Combination; provided,
however, that in the case of clauses (a) through (f) these permitted transferees must enter into a written agreement
agreeing to be bound by these transfer restrictions.

 

(d)            During
the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor and
each Insider shall not, without the prior written consent of the Representative, Transfer any Units, Ordinary Shares, Warrants
or any other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by it, her or him, as applicable,
subject to certain exceptions enumerated in Section 6(h) of the Underwriting Agreement.

 

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6.            Remedies.
The Sponsor and each of the Insiders hereby agree and acknowledge that (i) each of the Underwriters and the Company would
be irreparably injured in the event of a breach by the Sponsor or such Insider of its, her or his obligations, as applicable under
paragraphs 3, 4, 5, 7, 10 and 11, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching
party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in
the event of such breach.

 

7.            Payments
by the Company. Except as disclosed in the Prospectus, neither the Sponsor nor any affiliate
of the Sponsor nor any director or officer of the Company nor any affiliate of the officers shall receive from the Company any
finder’s fee, reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation prior to, or
in connection with any services rendered in order to effectuate the consummation of the Company’s initial Business Combination
(regardless of the type of transaction that it is).

 

8.            Director
and Officer Liability Insurance. The Company will maintain an insurance policy or policies
providing directors’ and officers’ liability insurance, and the Insiders shall be covered by such policy or policies,
in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors
or officers.

 

9.            Termination.
This Letter Agreement shall terminate on the earlier of (i) the expiration of the Founder Shares Lock-up Period and (ii) the
liquidation of the Company.

 

10.          Indemnification.
In the event of the liquidation of the Trust Account upon the failure of the Company to consummate its initial Business Combination
within the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and
hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited
to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether
pending or threatened) to which the Company may become subject as a result of any claim by (i) any third party for services
rendered or products sold to the Company (except for the Company’s independent auditors) or (ii) any prospective target
business with which the Company has discussed entering into a transaction agreement (a “Target”); provided,
however, that such indemnification of the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure
that such claims by a third party for services rendered or products sold to the Company or a Target do not reduce the amount of
funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share
held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions
in the value of the trust assets, in each case net of interest that may be withdrawn to pay the Company’s tax obligations,
(y) shall not apply to any claims by a third party or Target who executed a waiver of any and all rights to the monies held
in the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s
indemnity of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
The Indemnitor shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory to the
Company if, within 15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company
in writing that it shall undertake such defense.

 

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11.          Forfeiture
of Founder Shares. To the extent that the Underwriters do not exercise their option to
purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the
Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number
of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares and
Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to the Forward Purchase Agreement.
The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company
will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to
the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total
number of Ordinary Shares and Founder Shares outstanding at such time plus the number of Ordinary Shares to be sold pursuant to
the Forward Purchase Agreement.

 

12.          Entire
Agreement. This Letter Agreement constitutes the entire agreement and understanding of
the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations
by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions
contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical
error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

13.          Assignment.
No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior
written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and
shall not operate to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding
on the Sponsor, each of the Insiders and each of their respective successors, heirs, personal representatives and assigns and permitted
transferees.

 

14.          Counterparts.
This Letter Agreement may be executed in any number of original or facsimile counterparts, and each of such counterparts shall
for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

15.          Effect
of Headings. The paragraph headings herein are for convenience only and are not part of this
Letter Agreement and shall not affect the interpretation thereof.

 

16.          Severability.
This Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not
affect the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of
any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter
Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

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17.          Governing
Law. This Letter Agreement shall be governed by and construed and enforced in accordance with
the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of
the substantive laws of another jurisdiction. The parties hereto (i) all agree that any action, proceeding, claim or dispute
arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City,
in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive,
and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

 

18.          Notices.
Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be
in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested),
by hand delivery or facsimile transmission.

 

[Signature Page Follows]

 

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	 	 	Sincerely,
	 	 	 	 
	 	 	TPB ACQUISITION SPONSOR I, LLC
	 	 	 	 
	 	 	By:	                             
	 	 	Name:  David Friedberg
	 	 	Title:  Manager

 

     

     

    

 

	 	William Hauser

 

 

     

     

    

 

	 	Bharat Vasan

 

     

     

    

 

	 	Kerry Whorton Cooper

 

     

     

    

 

	 	Neil Renninger

 

     

     

    

 

	 	April Underwood

 

     

     

    

 

 

Acknowledged and Agreed:

 

TPB ACQUISITION CORPORATION I

 

	By:	                	 	 
	Name: David Friedberg	 	 
	Title: Chief Executive OfficerExhibit 10.9

 

FORWARD PURCHASE AGREEMENT

 

This Forward Purchase Agreement
(this “Agreement”) is entered into as of [_____], 2021 by and among TPB Acquisition Corporation I, a Cayman Islands
exempted company (the “Company”), TPB Acquisition Sponsor I, LLC, a Delaware limited liability company (the “Sponsor”),
and [______] (the “Purchaser”). The amount of Class A Shares (as defined below) subject to forward purchase and/or
non-redemption by the Purchaser will be set forth, from time to time, in an appendix hereto (as may be amended from time to time without
further input from the Company).

 

RECITALS

 

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

 

WHEREAS, the Company has filed
with the U.S. Securities and Exchange Commission (the “SEC”) a 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 if the IPO over-allotment
option is exercised in full), which amounts may be adjusted in connection with the Company’s marketing efforts relating to the IPO
(the units so issued in the IPO, including any units issued in connection with an over-allotment exercise, are referred to herein as the
 “Units”), at a price of $10.00 per Unit, each Unit comprised of one Class A ordinary share of the Company, par
value $0.0001 per share (the “Class A Shares,” and the Class A Shares included in the Units, the “Public
Shares”), and one-third of one redeemable warrant (a “Redeemable Warrant”), where each whole Redeemable Warrant
is exercisable to purchase one Class A Share at an exercise price of $11.50 per share;

 

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

 

WHEREAS, the parties wish
to enter into this Agreement, pursuant to which (i) immediately prior to the closing of the Company’s initial Business Combination
(the “Business Combination Closing”), (a) the Company shall first irrevocably offer to issue and sell to the Purchaser,
on a private placement basis pursuant to this Agreement, the number of Class A Shares determined pursuant to Section 1(a) (the
 “Forward Purchase Shares”) and (b) the Purchaser may elect to purchase, on a private placement basis pursuant
to this Agreement, all or a portion of such Forward Purchase Shares by confirming its purchase commitment in the manner provided herein,
and (ii) concurrently with the closing of purchase of the Forward Purchase Shares, in the event the Purchaser elects to purchase
and/or enter into a Non-Redemption Agreement with respect to all of the Purchaser’s Forward Purchase Share Allocation (as defined
below), the Sponsor will transfer to the Purchaser, on a private placement basis, Class B ordinary shares of the Company, par value
$0.0001 per share (the “Class B Shares”), in an amount equal to the Class B Transfer Amount determined pursuant
to Section 1(b), in each case on the terms and conditions set forth herein;

 

WHEREAS, the Company has entered
into or intends to enter into concurrently herewith agreements (together with this Agreement, the “Forward Purchase Agreements”),
with certain purchasers other than the Purchaser, that are institutional accredited investors (the “Other Purchasers”
and together with the Purchaser, the “FPA Purchasers”), pursuant to which the Other Purchasers and the Purchaser shall
purchase in the aggregate from the Company, on a private placement basis, up to $100,000,000 of Forward Purchase Shares; and

 

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WHEREAS, the Company has
entered, or intends concurrently with entry into this Agreement to enter, into a forward purchase agreement with the Sponsor, pursuant
to which, immediately prior to the Business Combination Closing, the Company shall issue and sell to the Sponsor or its permitted transferees
(collectively, the “Sponsor Purchaser Parties”), and the Sponsor Purchaser Parties shall purchase in the aggregate
from the Company, on a private placement basis, up to $25,000,000 of 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

 

	Section 1.	Sale and Purchase.

 

(a)            Forward
Purchase Shares.

 

(1)            As
provided in this Agreement, immediately prior to the Business Combination Closing, the Company shall issue and sell to the Purchaser,
on a private placement basis pursuant to this Agreement, and the Purchaser shall have the right but not the obligation, to purchase from
the Company, up to the number of Forward Purchase Shares that is equal to the quotient of (1) the Purchaser’s Forward Purchase
Allocation Amount (as defined below) and (2) $10.00 (such quotient, the “Forward Purchase Share Allocation”) for
an aggregate purchase price of $10.00 multiplied by the number of Forward Purchase Shares issued and sold hereunder. “Forward
Purchase Allocation Amount” means, with respect to a particular FPA Purchaser, an amount equal to the product of (x) $100,000,000
and (y) the quotient of (A) the aggregate purchase price for the Units purchased by such FPA Purchaser (including the Purchaser)
in the IPO and (B) the aggregate purchase price of Units purchased by all FPA Purchasers (including the Purchaser) in the IPO.

 

(2)            Not
less than fifteen Business Days (as defined below) prior to the execution of a definitive agreement in respect of a Business Combination
(a “Definitive Agreement”), the Company shall deliver notice (a “Notice”) to the Purchaser which
shall state that the Company intends to enter into the Definitive Agreement and specify all of the relevant details of the proposed offer
and sale of Forward Purchase Shares pursuant hereto. The Notice shall not contain any information concerning the identity of the other
part(ies) to the Business Combination or the purchase price therefor. Following delivery of the Notice, the Company shall make available
to the Purchaser such information concerning the proposed Business Combination as the Purchaser shall reasonably request, subject to execution
of a confidentiality agreement in form and substance satisfactory to the Company.

 

(3)            The
right and obligation of the Purchaser to purchase the Forward Purchase Shares at the Forward Closing is subject to, among other conditions
specified below, the Purchaser delivering to the Company, within ten (10) Business Days following receipt of the Notice, written
notice of its commitment to purchase Forward Purchase Shares, if applicable, in the form attached hereto as Exhibit A (the
 “Funding Commitment Notice”). Such Funding Commitment Notice shall state the maximum number of Forward Purchase Shares
the Purchaser desires to purchase, which amount may include an amount in excess of the Purchaser’s Forward Purchase Share Allocation
(such excess, the “Oversubscription Shares”).

 

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(4)            If
an FPA Purchaser fails or declines to deliver a Funding Commitment Notice such that, without giving effect to any Oversubscription Shares,
additional Forward Purchase Shares are available for purchase (the “Remaining Shares”), each oversubscribing FPA Purchaser
will be allocated an additional number of Forward Purchase Shares equal to the lesser of (x) the Purchaser’s Oversubscription
Shares and (y) the product obtained by multiplying (i) the number of Remaining Shares by (ii) a fraction, the numerator
of which is the number of Class A Shares held by such oversubscribing Purchaser and the denominator of which is the total number
of Class A Shares held by all oversubscribing FPA Purchasers. The Purchaser shall be obligated to buy such number of Forward Purchase
Shares as determined by the Company pursuant to this Section 1(a)(4). The final number of Forward Purchase Shares allocated
to the Purchaser pursuant to this Section 1 and the purchase price payable therefor, including any Non-Redemption Commitment
Portion pursuant to Section 1(a)(5), are referred to herein as the Purchaser’s “Final Forward Purchase Amount”
and “Forward Purchase Price,” respectively.

 

(5)            The
Purchaser may elect, by so designating in the Funding Commitment Notice, to satisfy all or a portion of its commitment to purchase its
Final Forward Purchase Amount (any such portion, the “Non-Redemption Commitment Portion”) by waiving its right to seek
redemption in connection with the Business Combination in accordance with the Company’s articles of association (the “Charter”)
with respect to a number of Class A Shares held by the Purchaser equal to some or all of the Purchaser’s Final Forward Purchase
Amount. To the extent the Purchaser elects a Non-Redemption Commitment Portion, the Purchaser shall deliver, concurrently with delivery
of the Funding Commitment Notice, a Non-Redemption Agreement in the form attached hereto as Exhibit B with respect to a number
of Class A Shares equal to the quotient of (x) the Non-Redemption Commitment Portion and (y) $10.00. The term “Final
Forward Purchase Amount” shall be deemed to include amounts pursuant to which an election is made pursuant to this Section 1(a)(5) and
 “Final Forward Purchase Share Amount” shall be deemed not to include any amounts pursuant to which an election is made
pursuant to this Section 1(a)(5).

 

(6)            Each
of the parties hereto acknowledges that, notwithstanding anything to the contrary set forth herein, this Agreement is neither a commitment
nor an obligation of the Purchaser to purchase any Forward Purchase Shares unless and until a Funding Commitment Notice is delivered in
accordance with Section 1(a)(3). For the avoidance of doubt, it shall be in the sole and absolute discretion of the Purchaser
whether to deliver a Funding Commitment Notice, and the Purchaser and all of its affiliates shall be excused, without any further liability
or obligation hereunder, from the purchase of any Forward Purchase Shares if for any reason, in its sole and absolute discretion, the
Purchaser does not deliver a Funding Commitment Notice within ten (10) Business Days after receipt of a Notice from the Company.

 

(b)            Class B
Share Transfer. At the Forward Closing (as defined below), the Sponsor shall transfer to the Purchaser and the other FPA Purchasers
who deliver a Funding Commitment Notice with respect to not less than such FPA Purchaser’s full Forward Purchase Share Allocation
(the “Fully Subscribing Purchasers”) up to an aggregate number of Class B Shares equal to the greater of: (i) the
quotient of (A) the product of (1) 50% of the Class B Shares outstanding as of the IPO Closing (not to exceed 2.5 million
Class B Shares) (the “IPO Closing Class B Shares”) and (2) the total number of Class A Shares tendered
for redemption in connection with the Business Combination pursuant to the terms of the Charter (which shall not include any Class A
Shares tendered by the Purchaser for redemption) and (B) the difference between (1) the total number of Class A Shares
outstanding and (2) the total number of Class A Shares for which a Non-Redemption Agreement has been delivered pursuant to Section 1(a)(5) (or
similar provision(s) in other Forward Purchase Agreements) and (ii) 10% of the IPO Closing Class B Shares (not to exceed
500,000 Class B Shares) (such greater aggregate amount, the “Aggregate Class B Transfer Shares”). Each Fully
Subscribing Purchaser’s “Class B Transfer Amount” shall be calculated as the product of (i) the quotient
of (A) the aggregate number of Forward Purchase Shares purchased by the Fully Subscribing Purchasers pursuant to this Agreement and
the other Forward Purchase Agreements and (B) $100,000,000 and (ii) the Aggregate Class B Transfer Shares. The Class B
Transfer shall take place concurrently with the closing of the purchase and sale of the Forward Purchase Shares.

 

    3 

     

    

 

(c)            The
Company shall require the Purchaser to purchase its Final Forward Purchase Share Amount by delivering a notice (a “Final Funding
Notice”) to the Purchaser, at least five (5) Business Days before the funding of the Forward Purchase Price, specifying
the anticipated date of the Business Combination Closing. On the anticipated date of the Business Combination Closing specified in the
Final Funding Notice, the Purchaser shall fund the Forward Purchase Price in an amount set forth in the Final Funding Notice in full
in free and clear funds (to an account notified by the Company to the Purchaser) against delivery of the Forward Purchase Shares. If
the Business Combination Closing does not occur within five (5) days after the Purchaser funds the Forward Purchase Price in full,
the amount of the Forward Purchase Price shall automatically return to the Purchaser, provided that the return of the Forward
Purchase Price shall not terminate the Agreement or otherwise relieve any party of any of its obligations hereunder until the date set
forth in the Business Combination Agreement (as of the date of execution thereof) on which a non-breaching party thereto would have the
right to terminate such agreement if the consummation of the transactions contemplated by such agreement has not yet occurred. 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. Each Purchaser’s obligation to consummate the Forward Purchase set forth in this Section 1(c) shall
not be transferable or assignable by the Purchaser except in accordance with Section 10(g).

 

(d)            The
closing of the sale of the Forward Purchase Shares by the Purchaser (the “Forward Closing”) shall be held on the same
date and on or immediately prior to the Business Combination Closing. At the Forward Closing, (1) the Company shall issue to the
Purchaser the Forward Purchase Shares equal to the Final Forward Purchase Share Amount set forth in the Final Funding Notice and (2) if
applicable, the Sponsor shall transfer to the Purchaser the Purchaser’s Class B Transfer Amount.

 

(e)            At
the Forward Closing, upon payment of the Forward Purchase Price, the Company shall issue the Forward Purchase Shares to the Purchaser
in book-entry form, free and clear of any liens or other restrictions whatsoever (other than those arising under state or federal securities
laws), registered in the name of the Purchaser, or to a custodian designated by the Purchaser, as applicable, pursuant to written instructions
delivered by the Purchaser.

 

(f)            Legends.
Each book entry for the Forward Purchase Shares shall contain a notation, and each certificate (if any) evidencing the Forward Purchase
Shares shall be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE 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. THE SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES REPRESENTED
HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN FORWARD PURCHASE AGREEMENT BY AND BETWEEN THE HOLDER AND THE COMPANY. COPIES
OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.”

 

(g)            Certificates.
The Company shall cooperate with the Purchaser, at its request, to facilitate the timely preparation and delivery of physical certificates
representing the Forward Purchase Shares 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 name as the Purchaser may request. Any such physical certificates shall be
stamped or otherwise imprinted with a legend substantially in the form set forth in Section 1(f).

 

    4 

     

    

 

(h)            Legend
Removal. If the Forward Purchase Shares 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”), then at the Purchaser’s request, the Company will cause the Company’s transfer agent to remove the legend
set forth in Section 1(f). 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 issue such Forward Purchase Shares without
any such legend.

 

Section 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. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation
and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(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 against the Purchaser 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 (defined below) 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, (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 (i)), 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. The Purchaser hereby confirms that the Forward Purchase Shares 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 in violation of any state or federal securities laws, and that the Purchaser has no present intention of selling, granting
any participation in, or otherwise distributing the same in violation of law (other than as set forth herein). The Purchaser further represents
that the Purchaser does not presently have any contract, undertaking, agreement or arrangement with any Person (other than another Purchaser)
to sell, transfer or grant participations to such Person, with respect to any of the Forward Purchase Shares. 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.

 

    5 

     

    

 

(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 Forward Purchase Shares, as well as the terms of the Company’s proposed IPO, with the
Company’s management.

 

(g)            Restricted
Securities. The Purchaser understands that the offer and sale of the Forward Purchase Shares to the Purchaser has not been, and will
not be, 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 Forward Purchase Shares are “restricted securities” under applicable
U.S. federal and state securities laws and that, pursuant to these laws, the Purchaser must hold the Forward Purchase Shares 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 Forward Purchase Shares for resale,
except as provided herein (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 Forward Purchase Shares, 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 understands that
the offering of the Forward Purchase Shares 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 Forward Purchase Shares.

 

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

 

(i)            High
Degree of Risk. The Purchaser understands that its agreement to purchase the Forward Purchase Shares 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)            No
General Solicitation. Neither the Purchaser, nor, to its knowledge, any of its officers, directors, employees, agents, shareholders
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 Forward Purchase Shares.

 

(l)            Residence.
The Purchaser’s principal place of business is the office or offices located at the address of the Purchaser set forth on the signature
page hereof.

 

(m)            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.

 

    6 

     

    

 

(n)            Adequacy
of Financing. The Purchaser will have sufficient funds at the Forward Closing to satisfy its obligations under this Agreement.

 

(o)            Affiliation
of Certain FINRA Members. The Purchaser is neither a person associated nor affiliated with Barclays Capital Inc. or Code Advisors
LLC or, to its actual knowledge, any other member of the Financial Industry Regulatory Authority (“FINRA”) that is
participating in the IPO.

 

(p)            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”).

 

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

 

(a)            Organization
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.
On the date hereof, the authorized share capital of the Company consists of:

 

(1)            500,000,000
Class A Shares, par value $0.0001 per share, none of which are issued and outstanding.

 

(2)            50,000,000
Class B ordinary shares of the Company, par value $0.0001 per share (the “Class B Shares”), 5,750,000 of
which are issued and outstanding as of the date hereof. 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.

 

(3)            5,000,000
preferred shares, par value $0.0001 per share, 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 Forward Purchase Shares has been taken or will be taken prior to the Forward 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 Forward Closing, and the issuance and
delivery of the Forward Purchase Shares has been taken or will be taken prior to the Forward 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.

 

    7 

     

    

 

(d)            Valid
Issuance of Securities.

 

(1)            The
Forward Purchase Shares, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement
and registered in the register of members of the Company will be validly issued, fully paid and nonassessable, as applicable, and free
of all preemptive or similar rights, 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 Purchasers in this Agreement and subject to the filings
described in Section 3(e) below, the Forward Purchase Shares will be issued in compliance with all applicable federal
and state securities laws.

 

(2)            No
Disqualification Event. 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 Purchasers 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, applicable state securities laws, if any, and pursuant
to the Registration Rights.

 

(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 the Charter or other governing documents of
the Company, (ii) of any instrument, judgment, order, writ or decree to which the Company is a party or by which it is bound, (iii) under
any note, indenture or mortgage to which the Company is a party or by which it is bound, (iv) under any lease, agreement, contract
or purchase order to which the Company 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 its securities.

 

(h)            No
Litigation. There are no pending or, to the knowledge of the Company, threatened, actions, which, if determined adversely, would,
individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of the Company to enter into
and perform its obligations under this Agreement As of the date hereof, there is no unsatisfied judgment or any open injunction binding
upon the Company which would, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability
of the Company to enter into and perform its obligations under this Agreement.

 

    8 

     

    

 

(i)            Company
SEC Filings. As of the Forward Closing, the Company will have made available to the Purchaser all statements, prospectuses, registration
statements, forms, reports and documents required to be filed by it with the SEC since the IPO Closing, pursuant to the Exchange Act
or the Securities Act (collectively, as may be amended since the time of their filing through the Forward Closing, the “Company
SEC Filings”). As of the respective date of its filing (or if amended or superseded by a filing prior to the Forward Closing,
then on the date of such filing), the Company SEC Filings will not contain any untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements that will made therein, in light of the circumstances
under which they were made, not misleading; provided that the Company makes no such representation or warranty with respect to the registration
statement on Form S-4 to be filed by the Company with respect to the Business Combination or any other information relating to the
target company in the Business Combination or any of its affiliates included in any Company SEC Filing or filed as an exhibit thereto.

 

(j)            Foreign
Corrupt Practices. Neither the Company, nor, to the knowledge of the Company, 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.

 

(k)            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 applicable U.S. and non-U.S. anti- money laundering laws, rules and regulations,
including 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.

 

(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 Forward Purchase Shares.

 

(m)            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 Purchasers 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.

 

    9 

     

    

 

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

 

(a)            Incorporation
and Corporate Power. The Sponsor is a limited liability company duly formed and validly existing and in good standing as an exempted
company under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently
conducted and as proposed to be conducted.

 

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

 

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

 

Section 5.              Registration
Rights

 

(a)            Registration.
The Company agrees that the Purchaser shall have the registration rights set forth on Exhibit C.

 

(b)            Indemnification.

 

(1)            The
Company shall, notwithstanding any termination of this Agreement, indemnify, defend and hold harmless the Purchaser (to the extent a seller
under a Forward Registration Statement (as defined in Exhibit C)), the officers, directors, agents, partners, members, managers,
shareholders, affiliates, employees and investment advisers of the Purchaser, each person who controls the Purchaser (within the meaning
of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)), and the officers, directors, partners, members, managers, shareholders, agents, affiliates, employees and investment
advisers of each such controlling person, to the fullest extent permitted by applicable law, from and against any and all losses, claims,
damages, liabilities, costs (including, without limitation, reasonable costs of preparation and investigation and reasonable attorneys’
fees) and expenses (collectively, “Losses”), as incurred, that arise out of or are based upon (i) any untrue or
alleged untrue statement of a material fact contained in a Forward Registration Statement, any prospectus included in a Forward Registration
Statement or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating
to any omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein
(in the case of any prospectus or form of prospectus or supplement thereto, in light of the circumstances under which they were made)
not misleading, or (ii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act or any state securities
law or any rule or regulation thereunder, in connection with the performance of its obligations under this Section 4,
except to the extent, but only to the extent, that such untrue statements, alleged untrue statements, omissions or alleged omissions are
based solely upon information regarding a Purchaser furnished in writing to the Company by the Purchaser expressly for use therein. The
Company shall notify the Purchaser promptly of the institution, threat or assertion of any proceeding arising from or in connection with
the transactions contemplated by this Section 4 of which the Company is aware. Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of an indemnified party and shall survive the transfer of the Registrable
Securities by the Company.

 

    10 

     

    

 

(2)            The
Purchaser shall, severally and not jointly with any other selling shareholder named in a Forward Registration Statement, indemnify and
hold harmless the Company, its directors, officers, agents and employees, each person who controls the Company (within the meaning of
Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, agents or employees of such
controlling persons, to the fullest extent permitted by applicable law, from and against all Losses, as incurred, arising out of or that
are based upon any untrue or alleged untrue statement of a material fact contained in a Forward Registration Statement, any prospectus
included in a Forward Registration Statement, or any form of prospectus, or in any amendment or supplement thereto or in any preliminary
prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary
to make the statements therein (in the case of any prospectus, or any form of prospectus or supplement thereto, in light of the circumstances
under which they were made) not misleading to the extent, but only to the extent, that such untrue statements or omissions are based solely
upon information regarding the Purchaser furnished in writing to the Company by the Purchaser expressly for use therein. In no event shall
the liability of the Purchaser be greater in amount than the dollar amount of the net proceeds received by the Purchaser upon the sale
of the Registrable Securities giving rise to such indemnification obligation.

 

Section 6.              Additional
Agreements and Acknowledgements of the Purchaser.

 

(a)            Trust
Account.

 

(1)            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 IPO Closing. 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, if any, held by it.

 

(2)            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 a 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.
Each Purchaser hereby agrees with the Company that, if it elects to purchase Forward Purchase Shares hereunder and/or enter into a Non-Redemption
Agreement pursuant to Section 1(a)(5), if the Company seeks shareholder approval of a proposed Business Combination, then
in connection with such proposed Business Combination, such Purchaser shall vote any Class A Shares owned by it in favor of any proposed
Business Combination. If a Purchaser fails to vote any Class A Shares it is required to vote hereunder in favor of a proposed Business
Combination, such Purchaser hereby grants hereunder to the Company and any representative designated by the Company without further action
by such Purchaser a limited irrevocable power of attorney to effect such vote on behalf of such Purchaser, which power of attorney shall
be deemed to be coupled with an interest.

 

    11 

     

    

 

 

Section 7.          Additional
Agreements of the Company.

 

(a)            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.

 

(b)            Listing.
The Company will use commercially reasonable efforts to effect and maintain the listing of the Class A Shares on the Exchange.

 

(c)            Use
of Name. The Company shall not publicly disclose the name of the Purchaser or its investment manager, as applicable, without the prior
written consent (including by email) of the Purchaser, except to the extent such disclosure is required by any laws, rules or regulations,
at the request of the staff of the SEC or any regulatory agency or under the rules and regulations of the Exchange, in which case
the Company shall provide the Purchaser with prior written notice (including by e-mail) of such required disclosure.

 

Section 8.          Forward
Closing Conditions.

 

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

 

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

 

(2)            The
Company shall have delivered to the 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 Forward Closing;

 

(3)            The
representations and warranties of the Company and the Sponsor set forth in Section 3 and Section 4 of this Agreement
shall have been true and correct as of the date hereof and shall be true and correct as of the Forward Closing date, 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 Company or the Sponsor or their respective ability
to consummate the transactions contemplated by this Agreement;

 

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

 

(5)            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 Forward Purchase Shares;

 

    12 

     

    

 

(6)            There
shall not have occurred any suspension of the Forward Purchase Shares for sale or trading on the Exchange and, to the Company’s
knowledge, no proceedings for any such purpose shall have been initiated or threatened;

 

(7)            No
amendment or modification of the Definitive Agreement or the Charter, in each case after execution of the Definitive Agreement, shall
have occurred that would reasonably be expected to materially and adversely affect the economic benefits that the Purchaser would reasonably
expect to receive under this Agreement, without the prior written consent of Purchaser (not to be unreasonably withheld, conditioned or
delayed);

 

(8)            There
shall not have occurred any suspension of the Forward Purchase Shares for sale or trading on the Exchange and, to the Company’s
knowledge, no proceedings for any such purpose shall have been initiated or threatened; and

 

(9)            The
Purchaser shall have delivered to the Company the Funding Commitment Notice.

 

(b)            The
obligation of the Company and the Sponsor to, as applicable, sell the Forward Purchase Shares at the Forward Closing and transfer the
Class B Transfer Amount under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of the
following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Company and the Sponsor:

 

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

 

(2)            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 such Forward Closing date, 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 their ability to consummate the transactions contemplated by this Agreement;

 

(3)            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 such Forward Closing;

 

(4)            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 Forward Purchase Shares; and

 

(5)            With
respect to the Purchaser who has delivered a Non-Redemption Agreement in accordance with Section (1)(a)(5), (i) such
Non-Redemption Agreement shall be in full force and effect and (ii) the Purchaser shall have delivered evidence satisfactory to the
Company of its beneficial ownership of the Class A Shares representing the Purchaser’s Non-Redemption Commitment Portion.

 

    13 

     

    

 

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

 

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

 

(b)            automatically:

 

(1)            if
the IPO is not consummated on or prior to [December 31, 2021]; or

 

(2)            if
the Business Combination is not consummated within 24 months from the IPO Closing, unless extended upon approval of the Company’s
shareholders in accordance with the Charter.

 

In the event of any termination
of this Agreement pursuant to this Section 9, the Forward Purchase Price (and interest thereon, if any), if previously paid,
and the 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 of the parties 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.

 

Section 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 (a) personal delivery to the party to be notified, (b) 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, (c) five (5) Business Days after having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (d) 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:

 

TPB Acquisition Corporation I

1 Letterman Drive

Suite A3-1

San Francisco, CA 94129

Attention: David Friedberg

E-mail: dave@theproductionboard.com

 

with a copy to the Company’s
counsel at:

 

Cooley LLP

101 California Street

San Francisco, California 94111

Attention: Rachel Proffitt

E-mail: rproffitt@cooley.com

 

    14 

     

    

 

All communications to the Purchasers 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. Other than fees payable to Barclays Capital Inc. or Code Advisors LLC, which shall be the responsibility of the
Company, each of the parties represents that it neither is nor will be obligated for any finder’s fee or commission in connection
with this transaction. The Purchaser agrees, severally and not jointly with any Purchaser Party or Other Purchaser, 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 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, employees
or representatives is responsible.

 

(c)            Adjustments
to Notional Amounts. In the event of any change to the capital structure of the Company, whether dilutive or otherwise, by way of
a share dividend or share split, or any other dividend however described, the Forward Purchase Shares and the Forward Purchase Price will
be adjusted to account for such changes.

 

(d)            Survival
of Representations and Warranties. All of the representations and warranties contained herein shall survive the consummation of the
transactions contemplated by this Agreement or (subject to Section 9) the termination hereof.

 

(e)            Entire
Agreement. This Agreement, together with any documents, instruments and writings that are delivered pursuant hereto or referenced
herein, constitute 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.

 

(f)             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.

 

(g)            Assignments.
Except as otherwise specifically provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or
obligations hereunder without the prior written approval of each other party. Notwithstanding the foregoing, the Purchaser may assign
and delegate all or a portion of its rights and obligations to purchase the Forward Purchase Shares to one or more other persons upon
the consent of the Company (which consent shall not be unreasonably conditioned, withheld or delayed); provided, however, that
no consent of the Company shall be required if such assignment or delegation is to an affiliate of the Purchaser; provided, further,
that no such assignment or delegation shall relieve the Purchaser of its obligations hereunder (including its obligation to purchase the
number of Forward Purchase Shares hereunder) and the Company shall be entitled to pursue all rights and remedies against the Purchaser
subject to the terms and conditions hereof.

 

    15 

     

    

 

(h)            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.

 

(i)             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.

 

(j)             Governing
Law. This Agreement, the entire relationship of the parties hereto, and any litigation 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 the State of
New York, without giving effect to its choice of laws principles.

 

(k)            Jurisdiction.
The parties (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of New York and to the jurisdiction
of the United States District Court for the Southern District of New York for the purpose of any suit, action or other proceeding arising
out of or based upon this Agreement, (b) agree not to commence any suit, action or other proceeding arising out of or based upon
this Agreement except in state courts of New York or the United States District Court for the Southern District of New York, and (c) hereby
waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it
is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution,
that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper
or that this Agreement or the subject matter hereof may not be enforced in or by such court.

 

(l)             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.

 

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

 

(n)            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.

 

(o)            Expenses.
Each of the Company and the Purchaser will bear its own costs and expenses incurred in connection with the 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 The Depository
Trust Company fees associated with the issuance of the Forward Purchase Shares.

 

    16 

     

    

 

(p)            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.

 

(q)            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.

 

(r)            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.

 

(s)            Specific
Performance. The Purchaser agrees that irreparable damage may occur in the event any provision of this Agreement was not performed
by the Purchaser in accordance with the terms hereof and that the Company shall be entitled to seek specific performance of the terms
hereof, in addition to any other remedy at law or equity.

 

[Signature Page Follows]

 

    17 

     

    

 

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

 

	 	PURCHASER:
	 	 
	 	[●]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	Address for Notices:
	 	 
	 	E-mail:
	 	 
	 	COMPANY:
	 	 
	 	TPB Acquisition Corporation I
	 	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title: 

 

	 	 	SPONSOR:
	 	         	 
	 	 	TPB Acquisition Sponsor I, LLC
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 

 

[To be completed by the Company]

 

	 	 	 
	Number of Forward Purchase Shares:	 	 
	 	 
	Aggregate Purchase Price for Forward Purchase Shares:	 	$ 

 

[Signature Page to Forward Purchase Agreement]

 

    18 

     

    

 

EXHIBIT A

 

FUNDING COMMITMENT NOTICE

 

Purchaser: ___________________________

 

Forward Purchase Allocation Amount: $_________________

 

The undersigned hereby agrees to purchase and/or
enter into a Non-Redemption Agreement pursuant to the terms of that certain Forward Purchase Agreement, dated as of [____], 2021, by and
among TPB Acquisition Corporation I, a Cayman Islands exempted company (the “Company”), TPB Acquisition Sponsor I,
LLC, a Delaware limited liability company (the “Sponsor”), and other third parties signatory thereto (the “Forward
Purchase Agreement”) with respect to up to a number of Class A Shares set forth below. Capitalized terms used but not otherwise
defined herein shall have the meanings ascribed thereto in the Forward Purchase Agreement.

 

Maximum Number of Forward Purchase Shares to be Purchased: ________________________

 

Number of Oversubscription Shares: ________________________________

 

[Non-Redemption Commitment Portion: ___________________________]

 

[PURCHASER]

 

	 	 
	Name:	 
	Title:	 

 

    19 

     

    

 

EXHIBIT B

 

FORM OF NON-REDEMPITON AGREEMENT

 

TPB Acquisition Corporation I

1 Letterman Drive

Suite A3-1

San Francisco, CA 94129

 

Re: Non-Redemption
Election Pursuant to Forward Purchase Agreement

 

Ladies and Gentlemen:

 

This letter (this “Letter
Agreement”) is being delivered to you in accordance with the Forward Purchase Agreement (the “Forward Purchase Agreement”),
dated as of [_____], 2021, by and among TPB Acquisition Corporation I, a Cayman Islands exempted company (the “Company”),
and the undersigned (the “Purchaser”). Capitalized terms used but not otherwise defined herein shall have the meanings
ascribed to such terms in the Forward Purchase Agreement.

 

In accordance with Section 1(a)(5) of
the Forward Purchase Agreement, the undersigned hereby agrees that, with respect to [_____] Class A Shares (the “Non-Redemption
Shares”), it will not seek redemption of any such Non-Redemption Shares in connection with the Business Combination. The undersigned
hereby represents and warrants that it beneficially owns, and has good and valid title to, the Non-Redemption Shares.

 

This Letter Agreement
may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute but one and the same instrument.

 

This Letter Agreement
shall be governed by and construed and enforced in accordance with the laws of the State of New York. The parties hereto (i) all
agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought
and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction
and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent
an inconvenient forum.

 

[signature page follows]

 

    20 

     

    

 

EXHIBIT C

 

REGISTRATION RIGHTS

 

1.            The
Company shall (i) use commercially reasonable efforts to file within thirty (30) calendar days after the Business Combination Closing
(the “Filing Date”) a registration statement on Form S-3, or if the Company is ineligible to use Form S-3,
on Form S-1, for a secondary offering (including any successor registration statement covering the resale of the Registrable Securities
a “Forward Registration Statement”) of (x) the Class A Shares comprising the Forward Purchase Share Amount
and underlying Class B Transfer Amount (y) any other equity security of the Company issued or issuable with respect to the securities
referred to in clause (x) by way of a share dividend or share split or by way of a conversion from a warrant, or in connection with
a combination of shares, recapitalization, merger, consolidation or reorganization and (z) any other shares or warrants of the Company
that the Purchasers may have purchased in the open market (collectively, the “Registrable Securities”) pursuant to
Rule 415 under the Securities Act; (ii) use commercially reasonable efforts to cause a Forward Registration Statement to be
declared effective under the Securities Act as soon as practicable after the filing thereof but no later than the earlier of (i) the
90th calendar day (or 120th calendar day if the SEC notifies the Company that it will “review” the Registration Statement)
following the Business Combination Closing and (ii) the 10th Business Day after the date the Company is notified (orally or in writing,
whichever is earlier) by the SEC that the Registration Statement will not be “reviewed” or will not be subject to further
review (such earlier date, the “Effectiveness Date”); provided however, that the Company’s obligation to include
the Registrable Securities in the Forward Registration Statement is contingent upon the Purchaser furnishing in writing to the Company
such information regarding the Purchaser, the securities of the Company held by the Purchaser and the intended method of disposition of
the Registrable Securities as shall be reasonably requested by the Company to effect the registration of the Registrable Securities, and
the Purchaser shall execute such documents in connection with such registration as the Company may reasonably request that are customary
of a selling stockholder in similar situations, including providing that the Company shall be entitled to postpone and suspend the effectiveness
or use of the Forward Registration Statement during any customary blackout or similar period or as permitted hereunder. The Company shall
maintain each Forward Registration Statement in accordance with the terms hereof, and shall prepare and file with the SEC such amendments,
including post-effective amendments, and supplements as may be necessary to keep such Forward Registration Statement continuously effective,
available for use and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Securities
included on such Forward Registration Statement. In the event the Company files a Forward Registration Statement on Form S-1, the
Company shall use its commercially reasonable efforts to convert the Form S-1 to a Form S-3 as soon as practicable after the
Company is eligible to use Form S-3. For purposes of clarification, any failure by the Company to file the Registration Statement
by the Filing Date or to effect such Registration Statement by the Effectiveness Date shall not otherwise relieve the Company of its obligations
to file or effect the Registration Statement as set forth in this Exhibit C.

 

    21 

     

    

 

2.            The
Company further agrees that, in the event that the Forward Registration Statement has not been declared effective by the SEC by the Effectiveness
Date (a “Registration Default” and, for purposes of such clauses, the date on which such Registration Default occurs,
a “Default Date”), then in addition to any other rights the Purchaser may have hereunder or under applicable law, on
each such Default Date and on each monthly anniversary of each such Default Date (if the Registration Default shall not have been cured
by such date) until the Registration Default is cured, the Company shall pay to each Purchaser, an amount in cash, as partial liquidated
damages and not as a penalty (“Liquidated Damages”), equal to 0.5% of the aggregate Forward Purchase Price paid by
the Purchaser pursuant to this Agreement for any Registrable Securities held by the Purchaser on the Default Date; provided, however,
that if the Purchaser fails to provide the Company with any information requested by the Company that is required to be provided in such
Forward Registration Statement with respect to the Purchaser as set forth herein, then, for purposes of this Exhibit C, the
Filing Date or Effectiveness Date, as applicable, for a Forward Registration Statement with respect to the Purchaser shall be extended
until two (2) Business Days following the date of receipt by the Company of such required information from the Purchaser; and in
no event shall the Company be required hereunder to pay to the Purchaser pursuant to this Agreement an aggregate amount that exceeds 5.0%
of the aggregate Forward Purchase Price paid by the Purchaser for its Registrable Securities. The Liquidated Damages pursuant to the terms
hereof shall apply on a daily pro-rata basis for any portion of a month prior to the cure of a Registration Default, except in the case
of the first Default Date. The Company shall deliver the cash payment to the Purchaser with respect to any Liquidated Damages by the fifth
Business Day after the date payable. If the Company fails to pay said cash payment to the Purchaser in full by the fifth Business Day
after the date payable, the Company will pay interest thereon at a rate of 5.0% per annum (or such lesser maximum amount that is permitted
to be paid by applicable law, and calculated on the basis of a year consisting of 360 days) to the Purchaser, accruing daily from the
date such Liquidated Damages are due until such amounts, plus all such interest thereon, are paid in full. Notwithstanding the foregoing,
nothing shall preclude any Purchaser from pursuing or obtaining any available remedies at law, specific performance or other equitable
relief with respect to this Exhibit C in accordance with applicable law. The parties agree that notwithstanding anything to
the contrary herein, no Liquidated Damages shall be payable to the Purchaser with respect to any period during which all of the Purchaser’s
Registrable Securities may be sold by the Purchaser without volume or manner of sale restrictions under Rule 144 and the Company
is in compliance with the current public information requirements under Rule 144(c)(1) (or Rule 144(i)(2), if applicable).

 

3.            In
the case of the registration, qualification, exemption or compliance effected by the Company pursuant to this Agreement, the Company shall,
upon reasonable request, inform the Purchaser as to the status of such registration, qualification, exemption and compliance. At its expense
the Company shall:

 

i.             except
for such times as the Company is permitted hereunder to suspend the use of the prospectus forming part of a Forward Registration Statement,
use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under state securities
laws which the Company determines to obtain, continuously effective with respect to the Purchaser, and to keep the applicable Forward
Registration Statement or any subsequent shelf Forward Registration Statement free of any material misstatements or omissions, until the
earlier of the following: (i) the Purchaser ceases to hold any Registrable Securities or (ii) the date all Registrable Securities
held by the Purchaser may be sold without restriction under Rule 144, including without limitation, any volume and manner of sale
restrictions which may be applicable to affiliates under Rule 144 and without the requirement for the Company to be in compliance
with the current public information required under Rule 144(c)(1) (or Rule 144(i)(2), if applicable), and (iii) three
years from the Effective Date of the Forward Registration Statement. The period of time during which the Company is required hereunder
to keep a Forward Registration Statement effective is referred to herein as the “Registration Period”;

 

ii.            advise
the Purchaser within five (5) Business Days:

 

(1)            when
a Forward Registration Statement or any amendment thereto has been filed with the SEC and when such Forward Registration Statement or
any post-effective amendment thereto has become effective;

 

(2)            of
any request by the SEC for amendments or supplements to any Forward Registration Statement or the prospectus included therein or for additional
information;

 

    22 

     

    

 

(3)            of
the issuance by the SEC of any stop order suspending the effectiveness of any Forward Registration Statement or the initiation of any
proceedings for such purpose;

 

(4)            of
the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities included
therein for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

(5)            subject
to the provisions in this Subscription Agreement, of the occurrence of any event that requires the making of any changes in any Forward
Registration Statement or prospectus so that, as of such date, the statements therein are not misleading and do not omit to state a material
fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in the light of the circumstances
under which they were made) not misleading.

 

 iii.            use its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of any Forward Registration Statement as soon as reasonably practicable;

 

 iv.            upon the occurrence of any event contemplated above, except for such times as the Company is permitted hereunder to suspend, and has suspended, the use of a prospectus forming part of a Forward Registration Statement, the Company shall use its commercially reasonable efforts to as soon as reasonably practicable prepare a post-effective amendment to such Forward Registration Statement or a supplement to the related prospectus, or file any other required document so that, as thereafter delivered to purchasers of the Registrable Securities included therein, such prospectus will not include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;

 

v.            use
its commercially reasonable efforts to cause all Registrable Securities to be listed on each securities exchange or market, if any, on
which the Existing Parent Class A Shares issued by the Company have been listed; and

 

vi.           use
its commercially reasonable efforts to take all other steps necessary to effect the registration of the Registrable Securities contemplated
hereby and to enable the Purchaser to sell the Registrable Securities under Rule 144.

 

    23 

     

    

 

4.            Notwithstanding
anything to the contrary in this Agreement, the Company shall be entitled to delay or postpone the effectiveness of the Forward Registration
Statement, and from time to time to require the Purchaser not to sell under the Forward Registration Statement or to suspend the effectiveness
thereof, if the negotiation or consummation of a transaction by the Company or its subsidiaries is pending or an event has occurred, which
negotiation, consummation or event the Company’s Board of Directors reasonably believes, upon the advice of legal counsel, would
require additional disclosure by the Company in the Forward Registration Statement of material information that the Company has a bona
fide business purpose for keeping confidential and the non-disclosure of which in the Forward Registration Statement would be expected,
in the reasonable determination of the Company’s Board of Directors, upon the advice of legal counsel, to cause the Forward Registration
Statement to fail to comply with applicable disclosure requirements (each such circumstance, a “Suspension Event”);
provided, however, that the Company may not delay or suspend the Forward Registration Statement on more than two occasions
or for more than sixty (60) consecutive calendar days, or more than ninety (90) total calendar days, in each case during any twelve-month
period. Upon receipt of any written notice from the Company of the happening of any Suspension Event during the period that the Forward
Registration Statement is effective or if as a result of a Suspension Event the Forward Registration Statement or related prospectus contains
any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made (in the case of the prospectus) not misleading, the Purchaser agrees
that (i) it will immediately discontinue offers and sales of the Registrable Securities under the Forward Registration Statement
(excluding, for the avoidance of doubt, sales conducted pursuant to Rule 144) until the Purchaser receives copies of a supplemental
or amended prospectus (which the Company agrees to promptly prepare) that corrects the misstatement(s) or omission(s) referred
to above and receives notice that any post-effective amendment has become effective or unless otherwise notified by the Company that it
may resume such offers and sales, and (ii) it will maintain the confidentiality of any information included in such written notice
delivered by the Company unless otherwise required by law or subpoena. If so directed by the Company, the Purchaser will deliver to the
Company or, in the Purchaser’s sole discretion destroy, all copies of the prospectus covering the Registrable Securities in the
Purchaser’s possession; provided, however, that this obligation to deliver or destroy all copies of the prospectus covering the
Registrable Securities shall not apply (i) to the extent the Purchaser is required to retain a copy of such prospectus (a) in
order to comply with applicable legal, regulatory, self-regulatory or professional requirements or (b) in accordance with a bona
fide pre-existing document retention policy or (ii) to copies stored electronically on archival servers as a result of automatic
data back-up.

 

5.            The
Purchaser may deliver written notice (including via email) (an “Opt-Out Notice”) to the Company requesting that the
Purchaser not receive notices from the Company otherwise required by this Section 5; provided, however, that
the Purchaser may later revoke any such Opt-Out Notice in writing. Following receipt of an Opt-Out Notice from the Purchaser (unless subsequently
revoked), (i) the Company shall not deliver any such notices to the Purchaser and the Purchaser shall no longer be entitled to the
rights associated with any such notice and (ii) each time prior to the Purchaser’s intended use of an effective Forward Registration
Statement, the Purchaser will notify the Company in writing at least two (2) Business Days in advance of such intended use, and if
a notice of a Suspension Event was previously delivered (or would have been delivered but for the provisions of this Section 5)
and the related suspension period remains in effect, the Company will so notify the Purchaser, within one (1) Business Day of the
Purchaser’s notification to the Company, by delivering to the Purchaser a copy of such previous notice of Suspension Event, and
thereafter will provide the Purchaser with the related notice of the conclusion of such Suspension Event immediately upon its availability.

 

    24

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