Document:

Exhibit 10.38

 

May 13, 2021

 

VIA EMAIL

 

c/o Magnetar Financial LLC

1603 Orrington Avenue, 13th Floor

Evanston, Illinois 60201

Attention: Chief Legal Officer

Email: fisecuritynotices@magnetar.com

 

		Re:	Waiver

 

Dear Sir/Madam,

 

Reference
is made to the Registration Rights Agreement, dated as of October 28, 2020 (the “Registration Rights Agreement”), by
and among PureCycle Technologies LLC (including, without limitation, any SPAC (as defined therein) that may hold 100% of the equity interests
of the Company or any successor thereto, the “Company”) and each of the investors listed on the signature pages hereto
(collectively, the “Investors”). Capitalized terms used but not defined herein have the meanings ascribed to them in
the Registration Rights Agreement.

 

Pursuant
to Section 2.1(a) of the Registration Rights Agreement, the Company agreed to file an Initial Registration Statement following the closing
of the SPAC Transaction with the U.S. Securities and Exchange Commission (the “SEC”) registering the resale of the
Registrable Securities held by the Investors (the “Registration Statement”) no later than 60 days after the closing
of the SPAC Transaction (the “60-Day Filing Requirement”). In light of recent action taken by the SEC in connection
with the accounting treatment of warrants held by special purpose acquisition companies, among other things, the Company seeks an up to
30 day waiver of the 60- Day Filing Requirement and a waiver from the incurrence and payment of any liquidated damages under Section 2.1(h)
of the Registration Rights Agreement for the up to 30 day period (the “Waiver”).

 

The Investors hereby agree to the Waiver.

 

Pursuant to
Section 3.6 of the Registration Rights Agreement, observance of any term of the Registration Rights Agreement may be waived only with
the written consent of the Company and the holders of a majority of the Registrable Securities and the undersigned Investors constitute
at least a majority of the Registrable Securities.

 

Please confirm you agree
to the Waiver by signing below and returning a scanned copy to Brad Kalter at bkalter@purecycletech.com at your earliest convenience
and, if possible, on or before Friday, May 14, 2021. If you have any questions regarding this waiver, please contact Brad Kalter, via
email at bkalter@purecycletech.com or via telephone at (404) 606-3920 before acknowledging and agreeing to this Waiver.

 

     

     

    

 

Thank you in advance for your cooperation in this matter.

 

	 	PURECYCLE TECHNOLOGIES, LLC 
	 	 
	 	By:	/s/
    Michael Dee
	 	 	Name: Michael Dee
	 	 	Title: Chief Financial Officer

 

    - 2 - 

     

    

 

 

We hereby acknowledge and agree to the waiver described above.

 

	 	INVESTORS:
	 	  
	 	MAGNETAR STRUCTURED CREDIT FUND,
    LP
	 	By Magnetar Financial LLC, its general
    partner
	 	 
	 	By: 	/s/ Karl Watcher
	 	Name: Karl Wachter
	 	Title: General Counsel
	 	 
	 	PURPOSE ALTERNATIVE CREDIT FUND
    – T LLC
	 	By Magnetar Financial LLC, its investment
    manager
	 	 
	 	By: 	/s/ Karl Watcher
	 	Name: Karl Wachter
	 	Title: General Counsel
	 	 
	 	PURPOSE ALTERNATIVE CREDIT FUND
    – F LLC
	 	By Magnetar Financial LLC, its investment
    manager
	 	 
	 	By: 	/s/ Karl Watcher
	 	Name: Karl Wachter
	 	Title: General Counsel

 

    - 3 - 

     

    

 

	 	MAGNETAR LONGHORN FUND LP
	 	By Magnetar Financial LLC, its investment manager
	 	 
	 	By:	/s/ Karl Watcher
	 	Name: Karl Wachter
	 	Title: General Counsel
	 	 
	 	MAGNETAR PRCL HOLDINGS LIMITED
	 	By Magnetar Financial LLC, its investment manager
	 	 
	 	By:	/s/ Karl Watcher
	 	Name: Karl Wachter
	 	Title: General Counsel
	 	 
	 	MAGNETAR LAKE CREDIT FUND LLC
	 	By Magnetar Financial LLC, its manager
	 	 
	 	By:	/s/ Karl Watcher
	 	Name: Karl Wachter
	 	Title: General Counsel

 

Cc: Eric Halperin, Sean Ewen and Jason Pearl, Willkie Farr
 & Gallagher LLP

 

    - 4 -Exhibit 10.39

 

June 14, 2021

 

VIA EMAIL

 

c/o Magnetar Financial LLC

1603 Orrington Avenue,
13th Floor 

Evanston, Illinois 60201

Attention: Chief Compliance Officer

Email: fisecuritynotices@magnetar.com

 

Re: Supplemental Waiver

 

Dear Sir/Madam,

 

Reference
is made to the Registration Rights Agreement, dated as of October 28, 2020 (the “Registration Rights Agreement”), by
and among PureCycle Technologies LLC (including, without limitation, any SPAC (as defined therein) that may hold 100% of the equity interests
of the Company or any successor thereto, the “Company”) and each of the investors listed on the signature pages hereto
(collectively, the “Investors”). Capitalized terms used but not defined herein have the meanings ascribed to them in
the Registration Rights Agreement.

 

Pursuant to
Section 2.1(a) of the Registration Rights Agreement, the Company agreed to file an Initial Registration Statement following the closing
of the SPAC Transaction with the U.S. Securities and Exchange Commission (the “SEC”) registering the resale of the
Registrable Securities held by the Investors (the “Registration Statement”) no later than 60 days after the closing
of the SPAC Transaction (the “60-Day Filing Requirement”). On May 13, 2021, in light of recent action taken by the
SEC in connection with the accounting treatment of warrants held by special purpose acquisition companies, among other things, the Company
sought an up to 30 day waiver of the 60-Day Filing Requirement and a waiver from the incurrence and payment of any liquidated damages
under Section 2.1(h) of the Registration Rights Agreement for the up to 30 day period (the “Original Waiver”). While
the Company is working diligently to address the warrant accounting matter, given the scope of the process for determining the appropriate
treatment of the warrants in accordance with SEC regulations, the Company seeks to extend the Original Waiver for an additional up to
30 day period (the “Supplemental Waiver”) to begin on the expiration date of the Original Waiver (June 12, 2021), and
end on July 12, 2021, unless terminated earlier by the Company’s filing of the Registration Statement. Notwithstanding the above,
the Company agrees to file the Registration Statement within 10 days of its filing of the amendment to the Form 10-K of Roth CH Acquisition
I Co.

 

The Investors hereby agree to the Supplemental Waiver.

 

Pursuant to
Section 3.6 of the Registration Rights Agreement, observance of any term of the Registration Rights Agreement may be waived only with
the written consent of the Company and the holders of a majority of the Registrable Securities and the undersigned Investors constitute
at least a majority of the Registrable Securities.

 

    - 1 -

     

    

 

Please confirm
you agree to the Supplemental Waiver by signing below and returning a scanned copy to Brad Kalter at bkalter@purecycletech.com
at your earliest convenience and, if possible, on or Tuesday, June 15, 2021. If you have any questions regarding this waiver, please
contact Brad Kalter, via email at bkalter@purecycletech.com or via telephone at (404) 606-3920
before acknowledging and agreeing to this Supplemental Waiver.

 

Thank you in advance for your cooperation in this matter.

 

	 	PURECYCLE TECHNOLOGIES, LLC
	 	 
	 	By: 	/s/ Michael Dee
	 	 	Name: Michael Dee
	 	 	Title: Chief Financial Officer

 

    - 2 -

     

    

 

We hereby acknowledge and agree to the waiver described above.

 

	 	INVESTORS:

 

	 	 
	 	MAGNETAR STRUCTURED CREDIT FUND, LP
	 	By Magnetar Financial LLC, its general partner
	 	 
	 	By: 	 /s/ Michael Turro
	 	Name: Michael Turro
	 	Title: Chief Compliance Officer
	 	 
	 	 
	 	PURPOSE ALTERNATIVE CREDIT FUND – T LLC
	 	By Magnetar Financial LLC, its investment manager
	 	 
	 	By: 	 /s/ Michael Turro
	 	Name: Michael Turro
	 	Title: Chief Compliance Officer
	 	 
	 	PURPOSE ALTERNATIVE CREDIT FUND – F LLC
	 	By Magnetar Financial LLC, its investment manager
	 	 
	 	By: 	 /s/ Michael Turro
	 	Name: Michael Turro
	 	Title: Chief Compliance Officer

 

    - 3 -

     

    

 

	 	MAGNETAR LONGHORN FUND LP
	 	By Magnetar Financial LLC, its investment manager
	 	 
	 	By: 	 /s/ Michael Turro
	 	Name: Michael Turro
	 	Title: Chief Compliance Officer
	 	 
	 	MAGNETAR PRCL HOLDINGS LIMITED
	 	By Magnetar Financial LLC, its investment manager
	 	 
	 	By: 	 /s/ Michael Turro
	 	Name: Michael Turro
	 	Title: Chief Compliance Officer
	 	 
	 	MAGNETAR LAKE CREDIT FUND LLC
	 	By Magnetar Financial LLC, its manager
	 	 
	 	By: 	 /s/ Michael Turro
	 	Name: Michael Turro
	 	Title: Chief Compliance Officer

 

Cc: Eric Halperin, Sean Ewen and Jason Pearl, Willkie Farr
 & Gallagher LLP

 

    - 4 -Exhibit 10.1

 

 

 

[Date]

[Full
Name]

[Title]

 

Dear [Name]:

 

In connection with the Agreement and Plan of Merger,
by and among PRA Health Sciences, Inc. (the “Company”), ICON public limited company (“ICON”), ICON
US Holdings Inc., and Indigo Merger Sub, Inc., dated as of February 24, 2021 (the “Merger Agreement” and
the closing date of the transactions contemplated by the Merger Agreement, the “Closing”), the Company and you agree
that:

 

		1.	The Closing constitutes a “Change in Control” for purposes of your Employment Agreement with the Company, dated as of
[●] (your “Employment Agreement”) and any Company equity compensation awards held by you at the time of Closing.

 

		2.	If ICON does not make a written offer of continuing employment to you on or prior to the earlier of July 1, 2021 and the day
that is ten (10) days prior to the Closing providing for the same terms and conditions as your employment with the Company as the
date hereof (including but not limited to annual salary, cash bonus opportunities, long-term incentive opportunities, role/title at ICON
and work location), then you will have “Good Reason” to terminate your employment as of the Closing under your Employment
Agreement and upon such a termination shall have a “Qualifying Termination” for purposes of any stock options or other equity
awards you hold at the time of such termination of employment. You may resign your employment with the Company pursuant to this provision
(2) with “Good Reason” and as a “Qualifying Termination” by providing written notice of resignation to the
Company at any time within 90 days after Closing.

 

		3.	If your employment is terminated within twelve (12) months of the Closing pursuant to Section 8 of your Employment Agreement
(including, without limitation, pursuant to a resignation for “Good Reason” under provision (2) above) then the lump
sum cash severance payment under Section 8(i) of your Employment Agreement shall be equal to two times the sum of (a) your
annual base salary and (b) your 2021 target bonus, each as set by the Compensation Committee of the Company’s Board of Directors
on February 11, 2021.

 

If the Closing does not occur for any reason or
the Merger Agreement is terminated by its terms, then this Letter is terminated, and null and void.

 

Please acknowledge your acceptance of the terms
of this letter and return it to me as soon as possible but no later than ●, 2021.

 

     

     

    

 

	 	 	With Gratitude,
	 	 	 
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	 	 
	Acknowledged and agreed:	 	 
	 	 	 
	[Name]	 	 
	Date:

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