Document:

Exhibit 10.8

 

Waldencast Acquisition Corp.

10 Bank Street, Suite 560

White Plains, NY 10606

 

[●], 2021

 

Waldencast Long-term Capital LLC

10 Bank Street, Suite 560

White Plains, NY 10606

 

		Re:	Administrative Services Agreement

 

Ladies and Gentlemen:

 

This Administrative Services Agreement (this
“Agreement”) by and between Waldencast Acquisition Corp. (the “Company”) and Waldencast Long-term Capital
LLC (the “Provider”), dated as of the date hereof, will confirm our agreement that, commencing on the date the securities
of the Company are first listed on the The Nasdaq Stock Market LLC (the “Nasdaq”) (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. [•]) filed with the Securities
and Exchange Commission) (such earlier date hereinafter referred to as the “Termination Date”), the Provider shall
make available to the Company, at 10 Bank Street, Suite 560, White Plains, NY 10606 (or any successor location or other existing
office locations of the Provider or any of its affiliates), certain office space, administrative and support services as may be
reasonably requested by the Company. In exchange therefor, the Company shall pay the Provider the sum of $10,000 per month on the
Listing Date and continuing monthly thereafter until the Termination Date.

 

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

 

This Agreement constitutes the entire agreement
and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or
representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof
or the transactions contemplated hereby.

 

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

 

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

 

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.

 

This Agreement may be executed in one or
more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute
one and the same Agreement.

 

[Signature page follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	WALDENCAST ACQUISITION CORP. 
	 	 
	 	By:	 
	 	 	Name: 	Michel Brousset
	 	 	Title:	Chief Executive Officer

 

	AGREED TO AND ACCEPTED BY:	 
	 	 
	WALDENCAST LONG-TERM CAPITAL LLC	 
	 	 	 
	By:		 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Administrative Services
Agreement]Exhibit 10.9

 

FORWARD PURCHASE AGREEMENT

 

This Forward
Purchase Agreement (this “Agreement”) is entered into as of
February 22, 2021, by and between Waldencast Acquisition Corp., a Cayman Islands exempted limited company (the “Company”),
each of the purchasers listed on signature pages hereto (each, a “Purchaser” and, collectively, the
“Purchasers”).

 

Recitals

 

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

 

WHEREAS, the Company
has filed with the U.S. Securities and Exchange Commission (the “SEC”)
a registration statement on Form S-1 (such registration statement, as may be amended from time to time, including to reflect changes
in terms, the “Registration Statement”) for its initial public offering
(“IPO”) of 25,000,000 units (or 28,750,000 units in the aggregate if
the underwriters exercise their over-allotment in full) (the “Public Units”)
at a price of $10.00 per Public Unit, each comprised of one Class A ordinary share of the Company, par value $0.0001 per share
(the “Class A Share(s)”), and one-third of one redeemable warrant,
where each whole redeemable warrant is exercisable to purchase one Class A Share at an exercise price of $11.50 per share (the
“Warrant(s)”). Only whole Warrants are exercisable. A holder of Warrants
will not be able to exercise any fraction of a Warrant. The Company shall not issue fractional Warrants other than as part of the
Public Units. If, upon the detachment of the Warrants from the Public Units or otherwise, a holder of Warrants would be entitled
to receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to
such holder;

 

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

 

WHEREAS, the parties
wish to enter into this Agreement, pursuant to which immediately prior to the closing of the Company’s initial Business Combination
(the “Business Combination Closing”), the Company shall issue and sell,
and the Purchasers shall purchase, on a private placement basis, the applicable number of Class A Shares as set forth in Section
1(a)(i) hereof (the “Forward Purchase Shares”) and the applicable number
of Warrants as set forth in Section 1(a)(i) hereof (the “Forward Purchase Warrants” and, collectively with the
Forward Purchase Shares and the Class A Shares underlying the Forward Purchase Warrants, the “Forward Purchase Securities”).

 

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

 

Agreement

 

    

     

    

 

1.
 Sale and Purchase.

 

(a)
Forward Purchase Securities.

 

(i)
The Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company: (1) the number of
Forward Purchase Shares which is the quotient of (x) the amount of capital committed to the Purchasers and allocated to this Agreement
as notified by the Purchasers to the Company as promptly as practicable after the date hereof and no later than five (5) Business
Days prior to such time as any definitive agreement with respect to a Business Combination is executed by the Company (the “Allocation
Notice”), which amount shall be no less than $130,000,000, but no more than $160,000,000 and (y) $10.00, the “Number
of Forward Purchase Shares,” plus (2) the number of Forward Purchase Warrants which is the product of (x) the
number of Forward Purchase Shares as determined by clause (1) and (y) 1/3, the “Number
of Forward Purchase Warrants,” for an aggregate purchase price of $10.00 multiplied by the number of Forward Purchase
Shares issued and sold hereunder (the “FPS Purchase Price”). No fractional
Forward Purchase Warrants will be issued and, upon issuance, the Number of Forward Purchase Warrants shall be rounded down to the
nearest whole number of Warrants.

 

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

 

(iii)      
The Company shall require the Purchasers to purchase the Forward Purchase Securities by delivering notice to each Purchaser,
at least ten (10) Business Days before the funding of the FPS Purchase Price to an account specified by the Company, specifying
the anticipated date of the Business Combination Closing and instructions for wiring the FPS Purchase Price to an account designated
by the Company. At least two (2) Business Days before the anticipated date of the Business Combination Closing specified in such
notice, the Purchasers shall deliver the FPS Purchase Price in cash via wire transfer to the account specified in such notice,
to be held in escrow pending the Business Combination Closing. If the Business Combination Closing does not occur within thirty
(30) days after the Purchasers deliver the FPS Purchase Price to such account, the Company shall return to the Purchasers the FPS
Purchase Price, provided that the return of the FPS Purchase Price placed in escrow shall not terminate this Agreement or
otherwise relieve either party of any of its obligations hereunder. For the purposes of this Agreement, “Business
Day” means any day, other than a Saturday or a Sunday, that is neither a legal holiday nor a day on which banking
institutions are generally authorized or required by law or regulation to close in the City of New York, New York.

 

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

 

(b)
Delivery of Forward Purchase Securities.

 

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

 

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

 

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

 

(c)
Legend Removal. If the Forward Purchase Securities are eligible to be sold without restriction under, and without
the Company being in compliance with the current public information requirements of, Rule 144 under the Securities Act of 1933,
as amended (the “Securities Act”), then at such Purchaser’s request,
the Company will, at its sole expense, cause the Company’s transfer agent to remove the legend set forth in Section 1(b)(ii)
hereof. In connection therewith, if required by the Company’s transfer agent, the Company will promptly cause an opinion
of counsel to be delivered to and maintained with its transfer agent, together with any other authorizations, certificates and
directions required by the transfer agent, that authorize and direct the transfer agent to transfer such Forward Purchase Securities
without any such legend; provided, however, that the Company shall not be required to deliver any such opinion, authorization
or certificate or direction if it reasonably believes that removal of the legend could reasonably be expected to result in or facilitate
transfers of Forward Purchase Securities in violation of applicable law.

 

(d)
Registration Rights. Each Purchaser shall have registration rights with respect to the Forward Purchase Securities
as set forth on Exhibit A (the “Registration Rights”).

 

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

 

(a)
Organization and Power. The Purchaser 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.

 

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

 

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

 

(d)
Compliance with Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement and
the consummation by the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default
(i) of any provisions of its organizational documents, if applicable, (ii) of any instrument, judgment, order, writ or decree to
which it is a party or by which it is bound, (iii) under any note, indenture or mortgage to which 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. This Agreement is made with the Purchaser in reliance upon the Purchaser’s
representation to the Company, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that
the Forward Purchase Securities to be acquired by the Purchaser will be acquired for investment for the Purchaser’s own account,
not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Purchaser has no
present intention of selling, granting any participation in, or otherwise distributing the same in violation of law. By executing
this Agreement, the Purchaser further represents that the Purchaser does not presently have any contract, undertaking, agreement
or arrangement with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to
any of the Forward Purchase Securities. For purposes of this Agreement, “Person”
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization,
any other entity or any government or any department or agency thereof.

 

(f)  
Disclosure of Information. The Purchaser has had an opportunity to discuss the Company’s business, management,
financial affairs and the terms and conditions of the offering and sale of the Forward Purchase Securities, as well as the terms
of the IPO, with the Company’s management.

 

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(g)
 Restricted Securities. The Purchaser understands that the offer and sale of the Forward Purchase Securities 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 Securities
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 Securities indefinitely unless they are registered with the SEC and qualified by state
authorities, or an exemption from such registration and qualification requirements is available. The Purchaser acknowledges that
the Company has no obligation to register or qualify the Forward Purchase Securities, or any Class A Shares which the Forward Purchase
Securities may be converted into or exercised for, for resale, except pursuant to 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 Securities, and requirements
relating to the Company which are outside of the Purchaser’s control, and which the Company is under no obligation and may
not be able to satisfy. The Purchaser acknowledges that the Company filed the Registration Statement for the IPO with the SEC.
The Purchaser understands that the offering of the Forward Purchase Securities hereunder 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 offering of the Forward Purchase Securities.

 

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

 

(i)
High Degree of Risk. The Purchaser understands that its agreement to purchase the Forward Purchase Securities involves
a high degree of risk which could cause the Purchaser to lose all or part of its investment, and that it will be contractually
obligated to vote its Class A Shares in favor of the Company’s initial Business Combination.

 

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

 

(k)
Foreign Investors. If the Purchaser is not a United States person (as defined by Section 7701(a)(30) of the U.S.
Internal Revenue Code of 1986, as amended), the Purchaser hereby represents that it has satisfied itself as to the full observance
of the laws of its jurisdiction in connection with any invitation to subscribe for the Forward Purchase Securities or any use of
this Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Forward Purchase Securities,
(ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be
obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption,
sale, or transfer of the Forward Purchase Securities. The Purchaser’s subscription and payment for and continued beneficial
ownership of the Forward Purchase Securities will not violate any applicable securities or other laws of the Purchaser’s
jurisdiction.

 

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

 

(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.

 

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

 

(o)
Affiliation of Certain FINRA Members. The Purchaser is neither a person associated nor affiliated with any underwriter
of the IPO 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 the offering, sale and purchase of the Forward Purchase Securities, and the Purchaser Parties disclaim
any such representation or warranty. Except for the specific representations and warranties expressly made by the Company in Section
3 of this Agreement and in any certificate or agreement delivered pursuant hereto, the Purchaser Parties specifically disclaim
that they are relying upon any other representations or warranties that may have been made by the Company, any person on behalf
of the Company or any of the Company’s affiliates (collectively, the “Company
Parties”).

 

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

 

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

 

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

 

(i)
500,000,000 Class A Shares, none of which are issued and outstanding;

 

(ii)
50,000,000 Class B ordinary shares of the Company, par value $0.0001 per share (“Class
B Shares”), 7,187,500 of which are issued and outstanding; and all of the outstanding Class B Shares have been
duly authorized, are fully paid and nonassessable and were issued in compliance with all applicable laws; and

 

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

 

(c)
Authorization. All corporate action required to be taken by the Company’s Board of Directors and shareholders
in order to authorize the Company to enter into this Agreement, and to issue the Forward Purchase Securities at the FPS Closing,
and the securities issuable upon conversion or exercise of the Forward Purchase Securities, has been taken or will be taken prior
to the FPS Closing, as applicable. 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 FPS Closing, and the issuance and delivery of the Forward Purchase Securities and the securities issuable upon
conversion or exercise of the Forward Purchase Securities has been taken or will be taken prior to the FPS Closing, as applicable.
This Agreement, when executed and delivered by the Company, shall constitute the valid and legally binding obligation of the Company,
enforceable against the Company in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’
rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable
remedies, or (iii) to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable
federal or state securities laws.

 

(d)
Valid Issuance of Forward Purchase Securities.

 

(i)
The Forward Purchase Shares, when issued, sold and delivered in accordance with the terms and for the consideration set
forth in this Agreement and the Company’s memorandum and articles of association (the “Charter”), and
registered in the register of members of the Company, and the Class A Shares issuable upon conversion or exercise of the Forward
Purchase Warrants, when issued in accordance with the terms of the Forward Purchase Warrants, this Agreement and the Warrant Agreement,
and registered in the register of members of the Company, will be validly issued, fully paid and nonassessable and free of all
preemptive or similar rights, 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. The Forward Purchase Warrants, when issued, sold and delivered in accordance with the terms
and for the consideration set forth in this Agreement will constitute valid and binding obligations of the Company, enforceable
in accordance with their terms as of the FPS Closing. Assuming the accuracy of the representations of each Purchaser in this Agreement
and subject to the filings described in Section 3(e) below, the Forward Purchase Securities will be issued in compliance with all
applicable federal and state securities laws.

 

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

 

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(e)
Governmental Consents and Filings. Assuming the accuracy of the representations and warranties made by each 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 any filings pursuant to Regulation D of the Securities Act, applicable
state securities laws, 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 by the Company will not result in any violation or default (i) of any provisions
of its Charter or other governing documents, (ii) of any instrument, judgment, order,
writ or decree to which the Company is a party or by which the Company is bound, (iii) under any note, indenture or mortgage to
which the Company is a party or by which the Company is bound, (iv) under any lease, agreement, contract or purchase order to which
the Company is a party or by which the Company 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 the IPO and offerings of the Forward
Purchase Securities.

 

(h)
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.

 

(i)
Compliance with Anti-Money Laundering Laws. The operations of the Company are and have been conducted at all times
in compliance with applicable financial recordkeeping and reporting requirements and all 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.

 

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

 

(k)
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 Securities.

 

(l)
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, the offering, sale
and purchase of the Forward Purchase Securities, the 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 each Purchaser in
Section 2 of this Agreement and in any certificate or agreement delivered pursuant hereto, the Company Parties specifically disclaim
that they are relying upon any other representations or warranties that may have been made by any of the Purchaser Parties.

 

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4.
Additional Agreements, Acknowledgements and Waivers of the Purchasers.

 

(a)
Lock-up; Transfer Restrictions. Each Purchaser agrees that it shall not Transfer (as defined below) any Forward Purchase
Securities owned by it, until the earlier of (A) one year after the Business Combination Closing and (B) the date following the
Business Combination Closing on which the Company completes a liquidation, merger, share exchange or other similar transaction
that results in all of the Company’s ordinary shareholders having the right to exchange their ordinary shares of the Company
for cash, securities or other property (the “Lock-up Period”). Notwithstanding the foregoing, if, subsequent
to a Business Combination, the closing price of the Class A Shares equals or exceeds $12.00 per share (as adjusted for share splits,
share dividends, reorganizations, recapitalizations and the like) for any twenty (20) trading days within any thirty (30) trading
day period commencing at least one hundred and fifty (150) days after the Business Combination Closing, the Forward Purchase Securities
shall be released from the lock-up referred to in this Section 4(a). Notwithstanding the first sentence hereinabove, Transfers
of the Forward Purchase Securities are permitted (i) to the Company’s officers or directors, any affiliates or family members
of any of the Company’s officers or directors, or any affiliates or direct or indirect shareholders of such Purchaser; (ii)
in the case of an individual, as a gift to such person’s immediate family or to a trust, the beneficiary of which is a member
of such person’s immediate family, an affiliate of such person or to a charitable organization; (iii) in the case of an individual,
by virtue of laws of descent and distribution upon death of such person; (iv) in the case of an individual, pursuant to a qualified
domestic relations order; (v) by private sales or transfers made in connection with the consummation of a Business Combination
at prices no greater than the price at which the Forward Purchase Securities
were originally purchased; (vi) by virtue of the laws of the Cayman Islands upon dissolution of such Purchaser; (vii) in the event
of the Company’s liquidation, bankruptcy or dissolution prior to the completion of a Business Combination; (viii) in the
event that, subsequent to the consummation of a Business Combination, the Company completes a liquidation, merger, share exchange
or other similar transaction which results in all of the Company’s shareholders having the right to exchange their Class
A Shares for cash, securities or other property; provided, however, that in the case of clauses (i) through (vi) these permitted
transferees must enter into a written agreement agreeing to be bound by these transfer restrictions. As used in this Agreement,
“Transfer” shall mean the (x) sale of, offer to sell, contract or agreement to sell, hypothecation, 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 (the “Exchange Act”, and the rules and regulations of
the SEC promulgated thereunder) with respect to, any of the Securities (excluding any pledges in the ordinary course of business
for bona fide financing purposes or as part of prime brokerage arrangements), (y) 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 of the Securities, whether any
such transaction is to be settled by delivery of such Securities, in cash or otherwise, or (z) public announcement of any intention
to effect any transaction specified in clause (x) or (y). For the avoidance of doubt, this Section 4(a) shall not restrict the
ability to exercise any Forward Purchase Warrants in accordance with their terms.

 

(b)
Trust Account.

 

(i)
Each 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. Each 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, such Purchaser may have in respect of any Class A Shares issued in the IPO (the “Public
Shares”) held by it.

 

(ii)       
Each 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, such Purchaser may have in respect
of any Public Shares held by it. In the event any Purchaser has any Claim against the Company under this Agreement, such Purchaser
shall not pursue such Claim against the Trust Account or against the property or any monies in the Trust Account, except for redemption
and liquidation rights, if any, such Purchaser may have in respect of any Public Shares held by it.

 

(c)
Redemption and Liquidation. Each Purchaser hereby waives, with respect to any Forward Purchase Securities held by it, any
redemption rights it may have in connection with (i) the consummation of a Business Combination, including any such rights available
in the context of a shareholder vote to approve such Business Combination and (ii) any shareholder vote to approve an amendment
to the Charter (A) to modify the substance or timing of the Company’s obligation to redeem 100% of the Company’s Class
A Shares if the Company does not complete its Business Combination within 18 months
after the closing of the IPO or (B) with respect to any other provisions relating to the rights of the Company’s Class A
Shares, it being understood that such Purchaser shall be entitled to redemption and liquidation rights with respect to any Class
A Shares held by it.

 

    10

     

    

 

(d)
Voting. Each Purchaser hereby agrees that 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 any 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 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.

 

(e)
No Short Sales. Each Purchaser hereby agrees that neither it, nor any person or entity acting on its behalf or pursuant
to any understanding with it, will engage in any Short Sales with respect to securities of the Company prior to the Business Combination
Closing. For purposes of this Section 4(b), “Short Sales” shall include,
without limitation, all “short sales” as defined in Rule 200 promulgated under Regulation SHO under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and all types
of direct and indirect stock pledges (other than pledges in the ordinary course of business as part of prime brokerage arrangements),
forward sale contracts, options, puts, calls, swaps and similar arrangements (including on a total return basis), and sales and
other transactions through non-U.S. broker dealers or foreign regulated brokers.

 

(f)  
Allocation Notice. The Purchasers shall deliver the Allocation Notice to the Company as promptly as practicable after
the date hereof, and in any event immediately upon the allocation to this Agreement of capital which has been committed to the
Purchasers (in accordance with all binding obligations of the Purchasers), which in no event shall be later than five (5) Business
Days prior to such time as any definitive agreement with respect to a Business Combination is executed by the Company.

 

5.
Additional Agreements of the Company.

 

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

 

(b)
No Amendments to Charter. The amended and restated memorandum and articles of association of the Company will be
in substantially the same form of Exhibit B hereto and will not be amended in any material respect prior to the IPO Closing
without the Purchaser’s prior written consent.

 

(c)
Initial Business Combination. The Company acknowledges that the sale of the Forward Purchase Securities is a condition
to the completion of the Business Combination and the Company will use reasonable best efforts to cause such sale.

 

    11

     

    

 

6.
FPS Closing Conditions.

 

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

 

(i)
The conditions to the Business Combination Closing (other than the sale of the Forward Purchase Securities) shall have been
satisfied;

 

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

 

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

 

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

 

(v)
No order, writ, judgment, injunction, decree, determination, or award shall have been entered or threatened 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 or threatened, preventing the purchase by the Purchasers of the Forward Purchase Securities.

 

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

 

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

 

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

 

    12

     

    

 

(iii)
 Each 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 such Purchaser at or prior to the FPS Closing;
and

 

(iv)
No order, writ, judgment, injunction, decree, determination, or award shall have been entered or threatened 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 or threatened, preventing the purchase by the Purchasers of the Forward Purchase Securities.

 

7.
Termination. This Agreement may be terminated at any time prior to the FPS Closing:

 

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

 

(b)
automatically

 

(i)
if the IPO is not consummated on or prior to twelve months from the date of this Agreement;

 

(ii)       
if the Business Combination is not consummated within 24 months from the IPO Closing, or such later date as may be approved
by the Company’s shareholders in accordance with the Charter; or

 

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

 

In the event of any
termination of this Agreement pursuant to this Section 7, the FPS Purchase Price (and interest thereon, if any), if previously
paid, and all Purchaser’s funds paid in connection herewith shall be promptly returned to the Purchasers in accordance with
written instructions provided by the Purchasers to the Company, and thereafter this Agreement shall forthwith become null and void
and have no effect, without any liability on the part of the Purchasers or the Company and their respective directors, officers,
employees, partners, managers, members, or shareholders and all rights and obligations of each party shall cease; provided,
however, that nothing contained in this Section 7 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 4(a) shall survive termination of this Agreement.

 

    13

     

    

 

8.
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,
and (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: Waldencast
Acquisition Corp., 10 Bank Street, Suite 560, White Plains, NY 10606, Attn: Michel Brousset, email: michel@waldencst.com, with
a copy to the Company’s counsel at: Skadden, Arps, Slate, Meagher & Flom LLP, 525 University Avenue, Palo Alto, CA 94301,
Attn: Gregg Noel, Esq., and Michael J. Schwartz, Esq., email: Gregg.noel@skadden.com and Michael.Schwartz@skadden.com, respectively.

 

All communications
to the Purchasers shall be sent to such 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
8(a).

 

(b)
No Finder’s Fees. Other than fees payable to the underwriters of the IPO or any other investment bank or financial
advisor who assists the Company in sourcing targets for a Business Combination, which fees shall be the responsibility of the Company,
each party represents that it neither is nor will be obligated for any finder’s fee or commission in connection with this
transaction. Each Purchaser agrees to indemnify and to hold harmless the Company from any liability for any commission or compensation
in the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending
against such liability or asserted liability) for which such Purchaser or any of its officers, employees or representatives is
responsible. The Company agrees to indemnify and hold harmless each Purchaser from any liability for any commission or compensation
in the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending
against such liability or asserted liability) for which the Company or any of its officers, directors, employees or representatives
is responsible.

 

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

 

(d)
Entire Agreement. This Agreement, together with any documents, instruments and writings that are delivered pursuant
hereto or referenced herein, constitutes the entire agreement and understanding of the parties hereto in respect of 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.

 

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

 

    14

     

    

 

(f)  
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 the
Company, provided that the Purchasers may assign, delegate or otherwise transfer their respective rights, interests, or
obligations hereunder to one or more of their respective Affiliates (an “Substitute Purchaser”) without the
prior written approval of the Company; provided further that no such assignment, delegation or transfer will relieve such
assigning Purchaser of its obligations hereunder or enlarge, alter or change any obligation of any other party hereto or due to
such Substitute Purchaser.

 

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

 

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

 

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

 

(j)
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, (ii) 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 (iii) 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.

 

(k)       
WAIVER OF JURY TRIAL. THE PARTIES HERETO HEREBY WAIVE ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION
PURSUANT TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

 

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

 

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

 

    15

     

    

 

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

 

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

 

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

 

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

 

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

 

    16

     

    

 

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

 

	 	PURCHASERS:
	 	 
	 	WALDENCAST LONG-TERM CAPITAL LLC
	 	 
	 	By:	/s/ Michel Brousset
	 	 	Name:	Michel Brousset
	 	 	Title:	Authorized Signatory

 

Address for Notices:

 

Waldencast Long-Term Capital LLC

10 Bank Street, Suite 560

White Plains, NY 10606

Attn: Michel Brousset, email: michel@waldencst.com

with a copy (which shall not constitute notice) to:

 

Skadden, Arps, Slate, Meagher & Flom LLP

525 University Avenue

Palo Alto, CA 94301

Attn: Gregg Noel, Esq., and Michael J. Schwartz, Esq., email:
Gregg.noel@skadden.com and

Michael.Schwartz@skadden.com

 

[Signature Page to Forward Purchase
Agreement]

 

    

     

    

 

	 	PURCHASERS:
	 	 
	 	DYNAMO MASTER FUND
	 	 
	 	By: 	/s/ Emerson Melo
	 	 	Name: 	Emerson Melo
	 		Title:	Director

 

Address for Notices:

 

Ataulfo de Paiva Avenue

1235 6th Floor

Rio de Janeiro, RJ, Brazil

22440-034

Attn: Emerson Melo and Kassyana Pinaud email: Emersonm@dynamo.com.br
and

Kassyanap@dynamo.com.br

 

 

	 	COMPANY:
	 	 
	 	WALDENCAST ACQUISITION CORP.
	 	 
	 	By: 	/s/ Michel Brousset
	 	 	Name: 	Michel Brousset
	 	 	Title:	Chief Executive Officer

 

[Signature Page to Forward Purchase
Agreement]

 

    

     

    

 

Exhibit A

 

Registration Rights

 

1.
Within thirty (30) days after the Business Combination Closing, the Company shall use reasonable best efforts (i) to file
a registration statement on Form S-3 for a secondary offering (including any successor registration statement covering the resale
of the Registrable Securities, a “Resale Shelf”) of (x) the Class A
Shares and Warrants (and underlying Class A Shares) comprising the Forward Purchase Securities and (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 capitalization or
share split or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization (collectively,
for so long as such securities are held by such Purchaser or its assignees under the Agreement (each, a “Holder”),
the “Registrable Securities”) pursuant to Rule 415 under the Securities
Act; provided that if Form S-3 is unavailable for such a registration, the Company shall cause such Resale Shelf to be on
Form S-1 or on another appropriate form and undertake to convert the Resale Shelf to or refile the Resale Shelf on Form S-3 as
soon as such form is available, (ii) to cause the Resale Shelf to be declared effective under the Securities Act promptly thereafter,
but in no event later than sixty (60) days after the initial filing of the Resale Shelf, and (iii) to maintain the effectiveness
of such Resale Shelf with respect to the Registrable Securities until the earliest of (A) the date on which such securities are
no longer Registrable Securities and (B) the date all of the Registrable Securities covered by the Resale Shelf can be sold publicly
without restriction or limitation under Rule 144 under the Securities Act and without the requirement to be in compliance with
Rule 144(c)(1) under the Securities Act.

 

2.
The Holders may, after the Resale Shelf becomes effective, deliver a written notice to the Company (the “Underwritten
Offering Notice”) specifying that the sale of some or all of the Registrable Securities subject to the Resale
Shelf is intended to be conducted through a firm commitment underwritten offering (an “Underwritten
Offering”); provided, however, that the Holders of Registrable Securities may not, without the Company’s
prior written consent, (i) launch an Underwritten Offering the anticipated gross proceeds of which shall be less than $25,000,000
(unless the Holders are proposing to sell all of their remaining Registrable Securities), (ii) launch more than three Underwritten
Offerings at the request of the Holders within any three-hundred sixty-five (365) day-period or (iii) launch an Underwritten Offering
within the period commencing fourteen (14) days prior to and ending two (2) days following the Company’s scheduled earnings
release date for any fiscal quarter or year. In the event of an Underwritten Offering, the Holders representing a majority-in-interest
of the Registrable Securities to be included in such Underwritten Offering shall select the managing underwriter(s) for the Underwritten
Offering; provided that the choice of such managing underwriter(s) shall be subject to the consent of the Company, which
is not to be unreasonably withheld, conditioned or delayed. If the underwriter(s) for any Underwritten Offering pursuant to this
paragraph 2 of this Exhibit A (each, a “Secondary Offering”) advise
the Company and the Holders that, in their good faith opinion, marketing factors require a limitation on the number of securities
that may be included in such Secondary Offering, the number of securities to be so included shall be allocated as follows: (i)
first, to the Holders that have requested to participate in such Secondary Offering, allocated pro rata among such Holders
on the basis of the percentage of the Registrable Securities requested to be included in such Secondary Offering by such Holders,
and (ii) second, to the holders of any other securities of the Company
that have been requested to be so included.

 

    A-1

     

    

 

3.
Upon receipt of prior written notice by any Holder that they intend to effect a sale of Registrable Securities held by them
as are then registered pursuant to the Resale Shelf, the Company shall use its reasonable best efforts to cooperate in such sale
(whether or not such sale constitutes an Underwritten Offering), including by amending or supplementing the prospectus related
to such Resale Shelf as may be reasonably requested by such Holder for so long as such Holder holds Registrable Securities.

 

4.
In the event the Company is prohibited by applicable rule, regulation or interpretation by the staff (the “Staff”)
of the Securities and Exchange Commission (the “SEC”) from registering
all of the Registrable Securities on the Resale Shelf or the Staff requires that any Holder be specifically identified as an “underwriter”
in order to permit such registration statement to become effective, and such Holder does not consent in writing to being so named
as an underwriter in such registration statement, the number of Registrable Securities to be registered on the Resale Shelf will
be reduced on a pro rata basis among all Holders to be so included, unless otherwise required by the Staff, so that the number
of Registrable Securities to be registered is permitted by the Staff and such Holder is not required to be named as an “underwriter”;
provided that any Registrable Securities not registered due to this paragraph 4 shall thereafter as soon as allowed by the
SEC guidance be registered to the extent the prohibition no longer is applicable.

 

5.
If at any time the Company proposes to file a registration statement (a “Registration
Statement”) on its own behalf, or on behalf of any Persons other than the Holders who have registration rights
(“Other Holders”), relating to an Underwritten Offering of ordinary
shares (a “Company Offering”), then the Company will provide the Holders
with notice in writing (an “Offer Notice”) at least three (3) Business
Days prior to such filing, which Offer Notice will offer to include in the Registration Statement the Registrable Securities held
by each Holder (the “Piggyback Securities”). Within three (3) Business
Days after receiving the Offer Notice, each Holder may make a written request (a “Piggyback
Request”) to the Company to include some or all of such Holder’s Registrable Securities in the Registration
Statement. If the underwriter(s) for any Company Offering advise the Company that, in their good faith opinion, marketing factors
require a limitation on the number of securities that may be included in the Company Offering, the number of securities to be so
included shall be allocated as follows: (i) first, to the Company and the Other Holders, if any; and (ii) second, to the Holders
and any other holders of similar piggyback rights, based pro rata on the value of the securities requested to be sold in such Company
Offering by each requesting holder.

 

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

 

    A-2

     

    

 

7.
 The Company shall pay all fees and expenses incident to the performance of or compliance with its obligation to prepare,
file and maintain the Resale Shelf (including the fees of its counsel and accountants). The Company shall also pay all Registration
Expenses. For purposes of this paragraph 7, “Registration Expenses”
shall mean the out-of-pocket expenses of any Secondary Offering and any Company Offering, including, without limitation, the following:
(i) all registration and filing fees (including fees with respect to filings required to be made with FINRA and any securities
exchange on which the Registrable Securities are then listed); (ii) fees and expenses of compliance with securities or blue sky
laws (including reasonable fees and disbursements of counsel for the underwriters in connection with blue sky qualifications of
the Registrable Securities); (iii) printing, messenger, telephone and delivery expenses; (iv) reasonable fees and disbursements
of counsel for the Company; (v) reasonable fees and disbursements of all independent registered public accountants of the Company;
and (vi) reasonable fees and expenses of one (1) legal counsel selected by Holders representing a majority-in-interest of the Registrable
Securities participating in any such Secondary Offering not to exceed $75,000 per Secondary Offering, but shall not include any
incremental selling expenses relating to the sale of Registrable Securities, such as underwriters’ commissions and discounts,
brokerage fees, underwriter marketing costs and, other than as set forth in clause (vi) of this paragraph 7, the fees and expenses
of any legal counsel representing the Holders; and provided that the Company shall only be responsible for expenses under clause
(vi) with respect to two Secondary Offerings in any consecutive three-hundred sixty-five (365) day-period.

 

8.
The Company may suspend the use of a prospectus included in the Resale Shelf by furnishing to the Holders a written notice
(“Suspension Notice”) stating that in the good faith judgment of the
Company, it would be either (i) prohibited by the Company’s insider trading policy (as if the Holders were covered by such
policy) or (ii) materially detrimental to the Company and its shareholders for such prospectus to be used at such time. The Company’s
right to suspend the use of such prospectus under clause (ii) of the preceding sentence may be exercised for a period of not more
than ninety (90) days after the date of such notice to the Holders; provided that such period may be extended for an additional
thirty (30) days with the consent of Holders representing a majority-in-interest of the Registrable Securities, which consent shall
not be unreasonably withheld; provided, further, that such right to suspend the use of a prospectus shall be exercised
by the Company not more than once in any twelve (12) month period. The Holders shall not effect any sales of Registrable Securities
pursuant to the Resale Shelf at any time after they have received a Suspension Notice from the Company and prior to receipt of
an End of Suspension Notice (as defined below). The Holders may recommence effecting sales of the Registrable Securities pursuant
to the Resale Shelf following further written notice to such effect (an “End of Suspension
Notice”) from the Company to the Holders. The Company shall act in good faith to permit any suspension period
contemplated by this paragraph to be concluded as promptly as reasonably practicable.

 

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

 

    A-3

     

    

 

10.
 The Company shall indemnify and hold harmless the Holders, their respective directors and officers, partners, members,
managers, employees, agents, and representatives and each person, if any, who controls a Holder within the meaning of the Securities
Act and the Exchange Act and any agent thereof (collectively, “Indemnified Persons”),
to the fullest extent permitted by applicable law, from and against any losses, claims, damages, liabilities, joint or several,
costs (including reasonable costs of preparation and reasonable attorneys’ fees) and expenses, judgments, fines, penalties,
interest, settlements or other amounts arising from any and all claims, demands, actions, suits or proceedings, whether civil,
criminal, administrative or investigative, in which any Indemnified Person may be involved, or is threatened to be involved, as
a party or otherwise, under the Securities Act or otherwise (collectively, “Losses”),
promptly as incurred, arising out of, based upon or resulting from any untrue statement or alleged untrue statement of any material
fact contained in the Resale Shelf (or any amendment or supplement thereto), the related prospectus, or any amendment or supplement
thereto, or arise out of, are based upon or resulting from the omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading;
provided, however, that the Company shall not be liable in any such case or to any Indemnified Person to the extent
that any such Loss arises out of, is based upon or results from an untrue statement or alleged untrue statement or omission or
alleged omission or so made in reliance upon or in conformity with information furnished by or on behalf of such Indemnified Person
in writing specifically for use in the preparation of the Resale Shelf, the related prospectus, or any amendment or supplement
thereto. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified
Person, and shall survive the transfer of such securities by the Purchaser.

 

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

 

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

 

    A-4

     

    

 

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

 

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

 

 

    A-5

     

    

 

Exhibit B

 

Form of Amended and Restated Charter
of the Company

 

See attached.

 

 

B-1

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