Document:

Exhibit
10.4

 

ADMINISTRATIVE
SERVICES AGREEMENT

 

This
Administrative Services Agreement (this “Agreement”), dated as of October 20, 2021, is made and entered into by and
between Thrive Acquisition Corporation, a Cayman Islands exempted company (the “Company”), and Thrive Acquisition
Sponsor LLC, a Cayman Islands exempted limited liability company (the “Service Provider” and, together with the Company,
the “Parties” and, each individually, a “Party”).

 

RECITALS

 

WHEREAS,
the Company intends to consummate an initial public offering of the Company’s securities (the “Public Offering”);

 

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

 

WHEREAS,
the Company wishes to retain the Service Provider to provide certain support and administrative services, and provide access to certain
office space, commencing on the date the securities of the Company are first listed on the Nasdaq Stock Market LLC (the “Listing
Date”) and continuing until the earlier of the consummation by the Company of an initial Business Combination and the Company’s
liquidation (in each case, as described in the Registration Statement on Form S-1 (File No. 333-259418) filed with the Securities and
Exchange Commission related to the Public Offering) (such earlier date hereinafter referred to as the “Termination Date”).

 

NOW,
THEREFORE, in consideration of the mutual covenants and undertakings contained in this Agreement, the Company and the Service Provider,
intending to be legally bound, agree as follows:

 

ARTICLE
I

SERVICES

 

Section
1.1 Services Generally. Commencing on the Listing Date and continuing until the Termination Date, to the extent reasonably
requested by the Company, the Service Provider shall render to the Company, by and through such of the Service Provider’s officers,
employees, independent contractors, consultants, agents, representatives and affiliates as the Service Provider, in its sole discretion,
may designate from time to time, support and administrative services (collectively, the “Services”), including research,
due diligence, transaction process management and execution, information technology, public and investor relations, legal, facilities
management, back office, vendor management, accounting, book and record keeping, cash management, secretarial services and other services
in connection with identifying and evaluating potential initial Business Combination targets that the Service Provider may recommend
to the Company; provided that the Service Provider shall not provide any investment advice to the Company.

 

Section
1.2 Office Space. Commencing on the Listing Date and continuing until the Termination Date, to the extent reasonably requested
by the Company, the Service Provider shall provide the Company with access to, and use of, the Office Space. For the purposes of this
Agreement, the term “Office Space” shall mean the offices of the Service Provider located at 275 Grove Street, Suite 2-400,
Newton, Massachusetts 02466 (or any successor location or other existing office space of the Service Provider or any of its affiliates).

 

     

     

    

 

Section
1.3 No Authority to Bind Principal. Notwithstanding any provision to the contrary in this Agreement, the Service Provider shall
not represent to any party that it possesses, and it does not in fact possess, the authority to execute binding contracts on behalf of
the Company with any third party.

 

ARTICLE
II

SERVICE FEE

 

Section
2.1 Administrative Services Fee.

 

(a)       In
consideration of the performance of the Services contemplated by Section 1.1 hereof, the Company agrees to pay the Service Provider
or its designee(s) a monthly fee payable in cash equal to $1,000 (the “Administrative Services Fee”). The Administrative
Services Fee shall be payable by the Company monthly in advance on the first business day of each month that occurs following the Listing
Date until the Termination Date, without regard to the amount of the Services actually performed by the Service Provider. Notwithstanding
anything to the contrary, the first monthly installment of the Administrative Services Fee shall be payable by the Company in advance
on the Listing Date, instead of on the first business day of the first month that occurs following the Listing Date.

 

Section
2.2 Expenses. In addition to the Administrative Services Fee payable to the Service Provider or its designee(s) pursuant to
Section 2.1 here of, the Company shall, at the direction of the Service Provider, pay directly, or reimburse the Service Provider
or its designee(s) for, its reasonable Out-of-Pocket Expenses (as defined below). For the purposes of this Agreement, the term “Out-of-Pocket
Expenses” shall mean all out of pocket expenses incurred by the Service Provider or its respective affiliates in connection
with the performance of the Services, or providing access to, and use of, the Office Space, including (i) fees and disbursements of any
independent auditors, outside legal counsel consultants, investment bankers, financial advisors and other independent professionals and
organizations, (ii) costs of any outside services or independent contractors or vendors, such as financial printers, couriers, business
publications or similar services, (iii) transportation and other travel expenses, per diem, telephone calls, word processing expenses
or any similar expense not associated with its ordinary operations, (iv) other out-of-pocket expenses incurred by the Service Provider
to the extent reasonably allocated to the Company as a result of the Services in a manner consistent with the Service Provider’s
generally applicable cost allocation polices, including purchases through the Service Provider’s vendor networks and relationships
for access to research databases, due diligence services, computer, network and office equipment and third-party communications vendors,
and (v) all other expenses which are properly allocable to the Company under this Agreement, whether incurred on or after the date of
this Agreement. All reimbursements for Out-of-Pocket Expenses shall be made promptly upon or as soon as practicable after presentation
by the Service Provider to the Company of the statement in connection therewith.

 

Section
2.3 Any payment made pursuant to this Article II shall be paid by wire transfer of immediately available federal funds to the
accounts specified by the Service Provider from time to time.

 

    2

     

    

 

ARTICLE
III

WAIVER

 

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

 

ARTICLE
IV

CONFIDENTIAL INFORMATION

 

Section
4.1 Nondisclosure of Confidential Information. The Service Provider shall treat as confidential all Confidential Information
(as defined below) of the Company, shall not, without the consent of the Company, (i) use such Confidential Information except as set
forth herein or (ii) disclose such Confidential Information other than to the Company or its Related Parties (as defined below); provided
that each such person receiving Confidential Information is bound (on terms no less restrictive than those set forth in this Section
4.1) to maintain the confidentiality of such Confidential Information; provided, further, that the foregoing restriction shall
not apply to any such information that is required to be disclosed by law or the order or regulations of any governmental authority or
to establish or enforce any rights under this Agreement. Without limiting the foregoing, the Service Provider shall use at least the
same degree of care that it uses to prevent the disclosure of its own confidential information of like importance to prevent the disclosure
of Confidential Information disclosed to it by the Company under this Agreement. For the purposes of this Agreement, the term “Confidential
Information” shall mean all information, data, agreements, letters, documents, reports and records, which are oral or in writing,
containing confidential information concerning the Company and any of its affiliates or assets which is delivered or made available by
the Company or its representatives or affiliates to the Service Provider after the date hereof; provided that Confidential Information
does not include (x) information which is obtained by the Service Provider after the date hereof from a source other than the Company
or its representatives or affiliates that is not bound by an obligation to keep such information confidential, (y) information which
is or becomes generally available to the public other than as a result of a disclosure in violation of this Agreement, or (z) information
developed independently by the Service Provider without reference to or use of the Confidential Information.

 

    3

     

    

 

ARTICLE
V

INDEMNIFICATION; DISCLAIMER AND LIMITATION OF LIABILITY; OPPORTUNITIES.

 

Section
5.1 Indemnity and Liability. Subject to Section 3.1, the Company shall (i) indemnify, exonerate and hold the Service
Provider and each of its partners, shareholders, members, affiliates, directors, officers, fiduciaries, managers, controlling persons,
employees, independent contractors and agents and each of the partners, shareholders, members, affiliates, directors, officers, fiduciaries,
managers, controlling persons, employees, independent contractors and agents of each of the foregoing (collectively, the “Related
Parties”) free and harmless from and against any and all actions, causes of action, suits, claims, liabilities, losses, damages
and costs and out-of-pocket expenses in connection therewith (including attorneys’ fees and expenses) incurred by the Related Parties
or any of them before or after the date of this Agreement (collectively, the “Indemnified Liabilities”), arising out
of any action, cause of action, suit, arbitration, investigation or claim arising out of, or in any way relating to, (i) this Agreement,
any transaction to which the Company is a party or any other circumstances with respect to the Company or (ii) the operations of, or
the Services or Office Space provided by the Service Provider to, the Company, or any of its affiliates from time to time; provided,
however, that the foregoing indemnification rights will not be available to the extent that any such Indemnified Liabilities arose
on account of such Indemnitee’s gross negligence or willful misconduct; and provided, further, that if and to the extent
that the foregoing undertaking may be unavailable or unenforceable for any reason, the Company hereby agrees to make the maximum contribution
to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under applicable law. For purposes of this
Section 5.1, none of the circumstances described in the limitations contained in the two provisos in the immediately preceding
sentence will be deemed to apply absent a final non-appealable judgment of a court of competent jurisdiction to such effect, in which
case to the extent any such limitation is so determined to apply to any Indemnitee as to any previously advanced indemnity payments made
by the Company, then such payments will be promptly repaid by such Indemnitee to the Company without interest. The rights of any Indemnitee
to indemnification hereunder will be in addition to any other rights any such person may have under any other agreement or instrument
to which such Indemnitee is or becomes a party or is or otherwise becomes a beneficiary or under law or regulation.

 

Section
5.2 Disclaimer; Standard of Care. The Service Provider makes no representations or warranties, express or implied, in respect
of the Services. In no event will the Service Provider or its Related Parties be liable to the Company or any of its affiliates for any
act, alleged act, omission or alleged omission that does not constitute gross negligence or willful misconduct by the Service Provider
as determined by a final, non-appealable determination of a court of competent jurisdiction.

 

ARTICLE
VI

TERMINATION

 

Section
6.1 Termination. This Agreement shall terminate upon the earlier of (a) the Termination Date and (b) the mutual agreement of
the Parties.

 

Section
6.2 Effect of Termination. In the event of a termination of this Agreement, the Company will pay the Service Provider or its
designees all unpaid amounts due pursuant to Article II and Section 5.1 with respect to the periods prior to the termination
of this Agreement. This Section 6.2 and Articles III, IV, V and VII shall survive any termination
of this Agreement.

 

    4

     

    

 

ARTICLE
VII

MISCELLANEOUS

 

Section
7.1 Independent Contractor Status. This Agreement shall not be construed as creating any agency, partnership, joint venture,
or other similar legal relationship between or among the Parties; nor will any Party hold itself out as an agent, partner, or joint venture
party of another Party. Each Party shall be, and shall act as, independent contractors. No Party shall have authority to create any obligation
for another Party. Further, the Service Provider shall be responsible for: (1) selecting and hiring its employees legally, including
compliance with all applicable laws in connection therewith; (2) paying its employees’ wages and other benefits that the Service
Provider offers to such employees in accordance with applicable laws; (3) paying or withholding all required payroll taxes and mandated
insurance premiums; (4) providing workers’ compensation coverage for employees as required by law; and (5) fulfilling employer’s
obligations with respect to unemployment compensation. The Service Provider shall indemnify the Company from a claim made by the Service
Provider’s employee or agent against the Company alleging rights or benefits as a Company employee.

 

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

 

Section
7.3 Entire Agreement. This Agreement constitute the entire agreement between and among the Parties hereto with respect to the
transactions contemplated hereby, and supersede all written and verbal negotiations, representations, warranties, commitments, and other
understandings prior to the date hereof between the Service Provider and the Company.

 

Section
7.4 Amendment and Waiver. This Agreement may be amended, and the observance of any clause of this Agreement may be waived,
only with the written consent of all Parties affected thereby. Any waiver by either Party hereto of any provision of this Agreement shall
not be construed as a waiver of any other provision of this Agreement, nor shall such waiver be construed as a waiver of such provision
with respect to any other event or circumstance, whether past, present or future.

 

Section
7.5 Execution in Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same agreement. In the event that any signature is delivered by facsimile transmission
or any other form of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

    5

     

    

 

Section
7.6 Assignment. The Service Provider hereby acknowledges that the Services to be provided to the Company hereunder are unique
and personal. Accordingly, the Service Provider shall not assign this Agreement or any rights hereunder without the prior written consent
of the Company. Any attempted assignment without such written consent shall be null and void.

 

Section
7.7 Governing Law; Forum Selection; Waiver of Jury Trial. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York, without regard to the conflict of law provisions of such jurisdiction. EACH OF THE PARTIES
HERETO IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY STATE COURT IN NEW YORK COUNTY IN THE STATE OF NEW YORK OR ANY U.S. FEDERAL
COURT SITTING IN NEW YORK COUNTY IN NEW YORK STATE IN RESPECT OF ANY AND ALL SUITS, CLAIMS, DISPUTES, CHALLENGES, ACTIONS OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE RIGHTS OF ANY PARTY HERETO UNDER THIS AGREEMENT, AND THE PERFORMANCE OF THE OBLIGATIONS
IMPOSED BY THIS AGREEMENT (“CLAIMS”), AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY,
THE JURISDICTION OF THE AFORESAID COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO
SO UNDER APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH CLAIM BROUGHT IN ANY
SUCH COURT AND ANY CLAIM BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. THE PARTIES WAIVE THE RIGHT TO A TRIAL
BY JURY IN ANY DISPUTE OR OTHER CLAIM IN CONNECTION WITH THIS AGREEMENT.

 

Section
7.8 Severability. If any provision or provisions of this Agreement shall, for any reason, be deemed unenforceable or in violation
of law, such unenforceability or violation shall not affect the remaining provisions of this Agreement, which shall continue in full
force and effect and be binding upon the Parties hereto. The Parties will use their best efforts to agree upon any changes in this Agreement
which may be necessary in order to adjust its remaining provisions with regard to the omission of any invalid clause in order to make
this Agreement workable.

 

Section
7.9 Section Heading. The headings of the sections, paragraphs, and exhibits herein are for the Parties’ convenient reference
only and shall not define or limit any of the terms or provisions hereof. Exhibits and other documents referred to in this Agreement
are an integral part hereof, unless the context of such reference indicates otherwise.

 

Section
7.10 Damages. NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, IN NO EVENT SHALL ANY PARTY HERETO BE LIABLE TO ANOTHER
FOR PUNITIVE, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING LIABILITY FOR LOSS OF USE, LOSS OF PROFITS, LOSS OF PRODUCT OR
BUSINESS INTERRUPTION HOWEVER THE SAME MAY BE CAUSED, INCLUDING FAULT OR NEGLIGENCE OF ANY PARTY.

 

Section
7.11 Construction. The words “hereof,” “herein,” and “hereunder” and words of similar import
when used in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement, and section and
subsection references are to this Agreement unless other-wise specified. The words “include” or “including” when
used in this Agreement are deemed to be followed by the words “but not be limited to” or “but not limited to,”
respectively.

 

[The
remainder of this page is intentionally left blank.]

 

    6

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Administrative Services Agreement to be signed as of the date set forth below.

 

	 	THRIVE ACQUISITION CORPORATION
	 	 	 	 
	 	By:	/s/
    Charles Jobson
	 	 	Name: 	Charles Jobson
	 	 	Title:	Chief Executive Officer

 

	 	THRIVE
    ACQUISITION SPONSOR LLC
	 	 	 	 
	 	By:	/s/
Benjamin Kao
	 	 	Name: 	Benjamin Kao
	 	 	Title:	Authorized Signatory

 

[Signature
Page to Administrative Services Agreement]Exhibit
10.5

 

SPONSOR
WARRANTS PURCHASE AGREEMENT

 

THIS
SPONSOR WARRANTS PURCHASE AGREEMENT (as it may from time to time be amended and including all exhibits referenced herein, this “Agreement”),
dated as of September 24, 2021, is entered into by and between Thrive Acquisition Corporation, a Cayman Islands exempted company (the
“Company”), and Thrive Acquisition Sponsor LLC, a Cayman Islands exempted limited liability company (the “Purchaser”).

 

WHEREAS,
the Company intends to consummate an initial public offering of the Company’s units (the “Public Offering”),
each unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share (a “Share”),
and one-half of one redeemable warrant, each whole warrant entitling the holder to purchase one Share at an exercise price of $11.50
per Share, as set forth in the Company’s Registration Statement on Form S-1, as amended, filed with the U.S. Securities and Exchange
Commission, No. 333-259418 (the “Registration Statement”), under the Securities Act of 1933, as amended (the
“Securities Act”).

 

WHEREAS,
the Purchaser has agreed to purchase, at a price of $1.00 per warrant, an aggregate of 6,343,939 warrants (and up to 692,067 additional
warrants depending on the extent to which the underwriters in the Public Offering exercise their over-allotment option) (the “Private
Placement Warrants” or the “Securities”), each Private Placement Warrant entitling the holder
to purchase one Share at an exercise price of $11.50 per Share.

 

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

 

AGREEMENT

 

Section
1. Authorization, Purchase and Sale; Terms of the Private Placement Warrants.

 

A.
Authorization of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement
Warrants, and, subject to proper exercise of the Private Placement Warrants and against payment therefor, the Shares underlying such
Private Placement Warrants, to the Purchaser.

 

B.
Purchase and Sale of the Private Placement Warrants.

 

(i)
On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and
the Company (the “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser
shall purchase from the Company, 6,343,939 Private Placement Warrants at a price of $1.00 per Private Placement Warrant for an aggregate
purchase price of $6,343,939 (the “Purchase Price”). The Purchaser shall pay, at least one (1) business day
prior to the IPO Closing Date, the Purchase Price by wire transfer of immediately available funds, to accounts designated by the Company,
including to the trust account (the “Trust Account”), at a financial institution to be chosen by the Company,
maintained by Continental Stock Transfer & Trust Company, acting as trustee, in accordance with the Company’s wiring instructions.
On the IPO Closing Date, subject to receipt of funds pursuant to the immediately prior sentence, the Company shall, at its option, deliver
a certificate evidencing the Private Placement Warrants purchased on such date duly registered in the Purchaser’s name to the Purchaser
or effect such delivery in book-entry form. 

 

     

    

    

 

(ii)
On the date of the consummation of the closing of the over-allotment option, if any, in connection with the Public Offering or on such
earlier time and date as may be mutually agreed by the Purchaser and the Company (an “Over-allotment Closing Date,”
and each Over-allotment Closing Date (if any) and the IPO Closing Date, a “Closing Date”), the Company shall
issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to 692,067 Private Placement Warrants (or, to
the extent the over-allotment option is not exercised in full, a lesser number of Private Placement Warrants in proportion to the portion
of the over-allotment option that is then exercised) at a price of $1.00 per Private Placement Warrant for an aggregate purchase price
of up to $692,067 (if the over-allotment option is exercised in full) (the “Over-allotment Purchase Price”).
The Purchaser shall pay the Over-allotment Purchase Price in accordance with the Company’s wire instruction by wire transfer of
immediately available funds to the Company or the Trust Account (as set forth in the wire instructions), at least one (1) business day
prior to the applicable Over-allotment Closing Date. On each Over-allotment Closing Date, subject to receipt of funds pursuant to the
immediately prior sentence, the Company shall, at its option, deliver a certificate evidencing the Private Placement Warrants purchased
by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.

 

C.
Terms of the Private Placement Warrants.

 

(i)
The Private Placement Warrants are substantially identical to the warrants underlying the units to be offered in the Public Offering
except that (a) the Private Placement Warrants (including the underlying Shares issuable upon exercise of the Private Placement Warrants)
will not, except in limited circumstances, be transferable or salable until 30 days after the completion of the Company’s initial
business combination (the “Business Combination”) so long as they are held by the Purchaser or its permitted
transferees, and (b) the Private Placement Warrants are being purchased pursuant to an exemption from the registration requirements of
the Securities Act and will become freely tradable only after the expiration of the lockup described above in clause (a) and they are
registered pursuant to the Registration Rights Agreement (as defined below) or an exemption from registration is available, and the restrictions
described above in clause (a) have expired and (c) each Private Placement Warrant shall have the terms set forth for private placement
warrants in a Warrant Agreement to be entered into by the Company and a warrant agent in connection with the Public Offering (the “Warrant
Agreement”).

 

(ii)
On or prior to the IPO Closing Date, the Company and the Purchaser shall enter into a registration rights agreement (the “Registration
Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser relating to, among
other things, the Private Placement Warrants and the Shares underlying the Private Placement Warrants.

 

Section
2. Representations and Warranties of the Company.

 

As
a material inducement to the Purchaser to enter into this Agreement and purchase the Private Placement Warrants, the Company hereby represents
and warrants to the Purchaser (which representations and warranties shall survive each Closing Date) that:

 

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

 

    2

    

    

 

B.
Authorization; No Breach.

 

(i)
The execution, delivery and performance of this Agreement and the Private Placement Warrants, and, subject to proper exercise of the
Private Placement Warrants and against payment therefor, the Shares underlying such Private Placement Warrants, have been duly authorized
by the Company. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating
to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). Upon
issuance in accordance with, and payment pursuant to, the terms of the Warrant Agreement and this Agreement, the Private Placement Warrants,
will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of each Closing Date.

 

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

 

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

 

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

 

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

 

    3

    

    

 

Section
3. Representations and Warranties of the Purchaser.

 

As
a material inducement to the Company to enter into this Agreement and issue and sell the Private Placement Warrants to the Purchaser,
the Purchaser hereby represents and warrants to the Company (which representations and warranties shall survive each Closing Date) that:

 

A.
Organization and Requisite Authority. The Purchaser possesses all requisite power and authority necessary to carry out the transactions
contemplated by this Agreement.

 

B.
Authorization; No Breach.

 

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

 

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

 

C.
Investment Representations.

 

(i)
The Purchaser is acquiring the Private Placement Warrants, and, upon exercise of the Private Placement Warrants, the Shares issuable
upon such exercise (collectively, the “Securities”) for its own account, and not with a view towards, or for
resale in connection with, any public sale or distribution thereof.

 

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

 

(iii)
The Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D under the Securities
Act, and the Purchaser has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities
Act. The Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within
the meaning of Rule 502(c) of Regulation D under the Securities Act.

 

(iv)
The Purchaser has been furnished with all materials relating to the business, finances and operations of the Company and materials relating
to the offer and sale of the Securities which have been requested by the Purchaser. The Purchaser has been afforded the opportunity to
ask questions of the executive officers and directors of the Company. The Purchaser understands that its investment in the Securities
involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed
investment decision with respect to the acquisition of the Securities.

 

    4

    

    

 

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

 

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

 

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

 

(viii)
The Purchaser understands that the Private Placement Warrants shall bear the legend substantially in the form set forth in the Warrant
Agreement and be subject to appropriate “stop transfer restrictions.”

 

Section
4. Conditions of the Purchaser’s Obligations.

 

The
obligations of the Purchaser to purchase and pay for the Private Placement Warrants are subject to the fulfillment, on or before each
Closing Date, of each of the following conditions:

 

A.
Representations and Warranties. The representations and warranties of the Company contained in Section 2 shall be true and correct
at and as of such Closing Date as though then made.

 

B.
Performance. The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement
that are required to be performed or complied with by it on or before such Closing Date.

 

    5

    

    

 

C.
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization
having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this
Agreement or the Warrant Agreement.

 

D.
Warrant Agreement and Registration Rights Agreement. The Company shall have entered into the Warrant Agreement and the Registration
Rights Agreement, in each case on terms satisfactory to the Purchaser.

 

Section
5. Conditions of the Company’s Obligations.

 

The
obligations of the Company to the Purchaser under this Agreement are subject to the fulfillment, on or before each Closing Date, of each
of the following conditions:

 

A.
Representations and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall be true and correct
at and as of such Closing Date as though then made.

 

B.
Performance. The Purchaser shall have performed and complied with all agreements, obligations and conditions contained in this
Agreement that are required to be performed or complied with by the Purchaser on or before such Closing Date.

 

C.
Corporate Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery
and performance of this Agreement and the Warrant Agreement and the issuance and sale of the Private Placement Warrants hereunder.

 

D.
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization
having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this
Agreement or the Warrant Agreement.

 

E.
Warrant Agreement. The Company shall have entered into the Warrant Agreement.

 

Section 6. Termination.

 

This
Agreement may be terminated at any time after March 18, 2022 upon the election by either the Company or the Purchaser upon written notice
to the other party if the closing of the Public Offering has not occurred prior to such date.

 

Section
7. Survival of Representations and Warranties.

 

All
of the representations and warranties contained herein shall survive the applicable Closing Date.

 

Section 8. Definitions.

 

Terms
used but not otherwise defined in this Agreement shall have the meaning assigned to such terms in the Registration Statement.

 

    6

    

    

 

Section
9. Miscellaneous.

 

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

 

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

 

C.
Counterparts. This Agreement may be executed simultaneously in two or more counterparts, none of which need contain the signatures
of more than one party, but all such counterparts taken together shall constitute one and the same agreement. Signatures to this Agreement
transmitted via facsimile or e-mail or other electronic transmission shall be valid and effective to bind the party so signing.

 

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

 

E.
Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all purposes
shall be construed in accordance with the internal laws of the State of New York, without giving effect to conflicts of law principles
that would result in the application of the laws of another jurisdiction.

 

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

 

[Signature
page follows]

 

    7

    

    

 

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

 

	 	COMPANY:
	 	 
	 	THRIVE ACQUISITION CORPORATION
	 	 
	 	By:	/s/
  Charles Jobson
	 	 	Name:  	Charles Jobson
	 	 	Title: 	Chief Executive Officer

 

	 	PURCHASER:
	 	 
	 	THRIVE ACQUISITION SPONSOR LLC
	 	 
	 	By:	/s/
  Benjamin Kao
	 	 	Name:  	Benjamin Kao
	 	 	Title:	Authorized Signatory

 

[Signature
Page to Private Placement Warrants Purchase Agreement]

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