Document:

Exhibit 10.1

 

EXECUTION VERSION

SPONSOR LETTER AGREEMENT

 

This AMENDED AND RESTATED
SPONSOR LETTER AGREEMENT (this “Agreement”) is entered into as of August 11, 2021, by and among ServiceMax,
Inc., a Delaware corporation (the “Company”), Pathfinder Acquisition Corporation, a Cayman Islands exempted company
incorporated with limited liability (“Pathfinder”), Pathfinder Acquisition LLC, a Delaware limited liability company
(the “Sponsor”), and, solely for purposes of Sections 2(b) and (c), Section 5, Section 7
(solely in respect of his or her respective representations and warranties contained therein), and Section 10 through Section
21, each of Richard Lawson, David Chung, Lindsay Sharma, Jon Steven Young, Hans Swildens, Steven Walske, Lance Taylor, Omar Johnson
and Paul Weiskopf (each, a “Pathfinder Insider” and, collectively, the “Pathfinder Insiders”). Each
of the Sponsor and each of the Pathfinder Insiders are sometimes referred to herein individually as a “Pathfinder Person”
and collectively as the “Pathfinder Persons”, and each of the Company, Pathfinder, the Sponsor and the Pathfinder Insiders
are sometimes referred to herein individually as a “Party” and collectively as the “Parties”. Except
as otherwise specified herein, capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the
Business Combination Agreement (as defined below).

 

WHEREAS, on July 15,
2021, (a) Pathfinder, the Company and Stronghold Merger Sub, Inc., a Cayman Islands exempted company incorporated with limited liability,
entered into the Business Combination Agreement (the “Original Business Combination Agreement”), pursuant to which
the parties thereto agreed to effect a series of transactions resulting in a business combination among the parties on the terms and subject
to the conditions therein and (b) concurrently with the entry into the Original Business Combination Agreement, the Parties entered into
the Sponsor Letter Agreement (the “Original Sponsor Letter Agreement”);

 

WHEREAS, each of the
Original Business Combination Agreement and the Original Sponsor Letter Agreement contemplated that, among other things, the parties hereto
or thereto would reasonably cooperate and work in good faith to effectuate the Alternative Transaction Structure (as defined in the Original
Business Combination Agreement) in the circumstances provided therein;

 

WHEREAS, concurrently
with the execution of this Agreement, Pathfinder, the Company and Serve Merger Sub, Inc., (“Merger Sub”) a Delaware
corporation, are amending and restating the Original Business Combination Agreement by entering into the Amended and Restated Business
Combination Agreement (the “Business Combination Agreement”) to effectuate the Alternative Transaction Structure and
under which, among other things, (a) on the Closing Date prior to the Closing, the Company will consummate the Pre-Closing Reorganization,
(b) at the Effective Time, Merger Sub will merge with and into the Company (the “Merger”), with the Company as the
surviving corporation in the Merger (collectively, and together with the other transactions contemplated by the Business Combination Agreement
and the Ancillary Documents, the “Transactions”), in each case, on the terms and subject to the conditions set forth
in the Business Combination Agreement;

 

WHEREAS, Section 14
of the Original Sponsor Letter Agreement provides that the Original Sponsor Letter Agreement may be amended if such amendment is in writing
and signed by the Pathfinder Persons, the Company and Pathfinder;

 

WHEREAS, in connection
with the execution of the Business Combination Agreement, the Parties desire to amend and restate the Original Sponsor Letter Agreement
in its entirety on the terms and subject to the conditions herein;

 

WHEREAS, reference
is made to (a) the Letter Agreement (the “Sponsor Letter”), dated February 16, 2021, delivered by the Pathfinder Persons
to Pathfinder, (b) the Registration and Shareholder Rights Agreement, dated February 16, 2021 (the “Pathfinder Registration Rights
Agreement”), by and among Pathfinder, the Sponsor and each of the other Holders (as such term is defined therein) and (c) the
Amended and Restated Registration and Shareholder Rights Agreement, dated as of the date hereof (the “Shareholder Rights Agreement”),
by and among the Company, the Sponsor, certain other Pathfinder Persons, and certain of the Company stockholders;

 

     

     

    

 

WHEREAS, as of the
date hereof, each Pathfinder Person, in its capacity as a holder of Pathfinder Shares and/or Pathfinder Warrants, is the holder of record
and the “beneficial owner” (within the meaning of Rule 13d-3 under the Exchange Act) of (a) the number of Pathfinder Warrants
and/or (b) the number of Pathfinder Class B Shares, in each case, set forth on Exhibit A attached hereto opposite such
Pathfinder Person’s name on such Exhibit (collectively, with respect to each Pathfinder Person, the “Subject Pathfinder
Securities”);

 

WHEREAS, in connection
with (and as part of) the Domestication, (a) each Pathfinder Pre-Closing Share will be converted into one Pathfinder Share, (b) each Pathfinder
Warrant that is outstanding immediately prior to the Domestication will be automatically converted into, from and after the Domestication,
a Pathfinder Post-Closing Warrant, (c) the Governing Documents of Pathfinder shall be amended and restated to be the Pathfinder Post-Closing
Certificate of Incorporation and the Pathfinder Post-Closing Bylaws, and (d) Pathfinder’s name will be changed to “ServiceMax,
Inc.”, or such other name mutually agreed to by Pathfinder and the Company prior to the Closing Date, in each case, on the terms
and subject to the conditions set forth in the Business Combination Agreement;

 

WHEREAS, in consideration
for the benefits to be received by the Sponsor and each of the Pathfinder Insiders under the terms of the Business Combination Agreement
and as a material inducement to the Company and Pathfinder agreeing to enter into and consummate the transactions contemplated by the
Business Combination Agreement, the Sponsor and each of the Pathfinder Insiders agrees to enter into this Agreement and to be bound by
certain of the agreements, covenants and obligations contained in this Agreement; and

 

WHEREAS, the Parties
acknowledge and agree that the Company and Pathfinder would not have entered into and agreed to consummate the transactions contemplated
by the Business Combination Agreement without each of the Pathfinder Persons entering into this Agreement and agreeing to be bound by
the applicable agreements, covenants and obligations contained in this Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the premises and the mutual promises set forth herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties, each intending to be legally bound, hereby agree that the Original Sponsor
Letter Agreement is hereby amended and restated in its entirety by this Agreement, and further agree as follows:

 

1. Definitions.
As used in this Agreement, the following terms have the respective meanings set forth below.

 

“Earn-Out End Date” has
the meaning set forth in Section 4 of this Agreement.

 

“Earn-Out Shares”
has the meaning set forth in Section 4 of this Agreement.

 

“Excess Pathfinder
Liabilities Amount” means an amount equal to the excess, if any, of (a) sum of the Unpaid Pathfinder Liabilities and the Unpaid
Pathfinder Expenses, over (b) $30,000,000. For the avoidance of doubt, if there is no such excess, then the Excess Pathfinder Liabilities
Amount shall be equal to zero.

 

    2

     

    

 

“Fair Market Value”
means, with respect to any asset or securities, the fair market value for such asset(s) or security(ies) as between a willing buyer and
a willing seller, in an arm’s length transaction occurring on the date of valuation, taking into account all relevant factors determinative
of value, as reasonably determined in good faith by the Pathfinder Board and without taking into account any minority, illiquidity or
similar discount or factors.

 

“First Trigger Price”
has the meaning set forth in Section 4 of this Agreement.

 

“immediate family”
means, with respect to any natural person, any of the following: such person’s spouse, the siblings of such person and his or her
spouse, and the direct descendants and ascendants (including adopted and step children and parents) and his or her spouses and siblings.

 

“Parties”
has the meaning set forth in the Recitals to this Agreement.

 

“Pathfinder Insider”
has the meaning set forth in the Recitals to this Agreement.

 

“Pathfinder Liabilities”
means, as of any determination time, the aggregate amount of liabilities that are actually due and payable by the Pathfinder Parties as
of such time. Notwithstanding the foregoing or anything to the contrary herein, (a) Pathfinder Liabilities shall not include (i) any Pathfinder
Expenses, (ii) any liabilities of the Pathfinder Parties that are contingent, unknown, unmatured or not determinable or that have been
paid or otherwise satisfied, or (iii) any liabilities arising out of, or related to, any Proceeding related to this Agreement, the Business
Combination Agreement, the other Ancillary Documents or the transactions contemplated hereby or thereby, including any shareholder demand
or other shareholder Proceeding (including any derivative claim) arising out of, or related to, any of the foregoing, and (b) neither
Pathfinder Liabilities nor Pathfinder Expenses shall, for purposes of this Agreement, include any fees or expenses of any placement agents
or similar brokers or bankers engaged for purposes of an actual or potential private placement of securities in connection with the Transactions
or the process related thereto.

 

“Pathfinder Person”
has the meaning set forth in the Recitals to this Agreement.

 

“Pathfinder Pre-Closing
Shares” means the Pathfinder Class A Shares and Pathfinder Class B Shares that are issued and outstanding immediately prior
to the Domestication.

 

“Pathfinder Redemption
Forfeited Shares” means a number of Pathfinder Sponsor Shares equal to the lesser of (a) 25% of the Pathfinder Sponsor Shares
and (b) the Pathfinder Shareholder Redemption Percentage of the Pathfinder Sponsor Shares held by Sponsor immediately prior to the Effective
Time.

 

“Pathfinder Registration
Rights Agreement” has the meaning set forth in the Recitals to this Agreement.

 

“Pathfinder Sale”
means (a) a purchase, sale, exchange, merger, business combination or other transaction or series of related transactions in which a majority
of the Pathfinder Post-Closing Common Shares are, directly or indirectly, converted into cash, securities or other property or non-cash
consideration of or paid by an unrelated person or entity, including parties acting as a “group” as defined in Section 13(d)(3)
of the Exchange Act (other than, in the case of this clause (a), any transaction in which the holders of the Pathfinder Shares
as of immediately prior to the consummation of such transaction continue to own a majority of the Equity Securities of Pathfinder (or
any successor or parent entity of the Pathfinder) immediately following the consummation of such transaction), (b) a direct or indirect
sale, lease, exchange or other Transfer (regardless of the form of the transaction) in one transaction or a series of related transactions
of all or substantially all of Pathfinder’s assets, as determined on a consolidated basis, to an unrelated person or entity, including
parties acting as a “group” (as defined in Section 13(d)(3) of the Exchange Act) or (c) any transaction or series of related
transactions that results, directly or indirectly, in the shareholders of Pathfinder as of immediately prior to such transactions holding,
in the aggregate, less than fifty percent (50%) of the outstanding voting power and outstanding stock or other equity interests of the
resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion of such transaction or fifty percent
(50%) of the Equity Securities of the resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion
of such transaction (whether voting or non-voting) immediately after the consummation thereof (in the case of each of clause (a),
(b) or (c), whether by amalgamation, merger, consolidation, arrangement, tender offer, recapitalization, purchase, issuance,
sale or Transfer of Equity Securities or assets or otherwise).

 

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“Pathfinder Sale
Price Per Share” of the Pathfinder Shares means the amount of cash proceeds and the value of any non-cash consideration, in
each case, that a holder of one Pathfinder Share would be entitled to receive or receives, directly or indirectly, in a transaction or
series of related transactions ((a) assuming that any earn-out, deferred, contingent or similar payments or other consideration, escrows,
holdbacks and similar items are included as part of the consideration received as of the initial closing of such transaction(s) and (b)
calculated as if the Equity Securities, directly or indirectly, acquired in such transaction are all of the Equity Securities then outstanding).
For purposes of determining the foregoing, the value of any non-cash consideration shall be (i) the value attributed to such non-cash
consideration in the definitive transaction agreement (which value shall not be less than the Fair Market Value thereof at the time of
entry into such definitive transaction agreement), or (ii) in the absence of any such attribution of value described in clause (i),
the Fair Market Value thereof; provided, however, that if any such non-cash consideration is an Equity Security for which
a public market exists, the value attributed to such Equity Security shall be to the volume weighted average price per share of such Equity
Securities for the five consecutive Trading Days ending on the day immediately prior to the closing of such Pathfinder Sale (calculated
as a single period) on the primary securities exchange on which such Equity Security is listed.

 

“Pathfinder Security
Value” means (a) with respect to each Pathfinder Share, $10.00 and (b) with respect to each Pathfinder Warrant, the higher of
(i) the volume weighted average price per warrant of the Pathfinder Warrants for the five consecutive Trading Days ending on the day immediately
prior to the date hereof (calculated as a single period) on the primary securities exchange on which the Pathfinder Warrants are listed,
and (ii) the volume weighted average price per warrant of the Pathfinder Warrants for the five consecutive Trading Days ending on the
day immediately prior to the Closing (calculated as a single period) on the primary securities exchange on which the Pathfinder Warrants
are listed.

 

“Pathfinder Shareholder
Redemption Percentage” means a number expressed as a percentage (e.g., 10% (as opposed to 0.10)) equal to (a) 0.25 multiplied
by (b) a fraction (i) the numerator of which is the number of Pathfinder Shares with respect to which a Pathfinder Shareholder Redemption
has been exercised and (ii) the denominator of which is the total number of Pathfinder Class A Shares outstanding as of the date hereof.

 

“Pathfinder Sponsor
Shares” means (a) prior to the consummation of the Domestication, the Pathfinder Class B Shares held by the Sponsor, and (b)
from and after the consummation of the Domestication, the Pathfinder Post-Closing Common Shares that are received by the Sponsor in connection
with the conversion of its Pathfinder Class B Shares. Any reference to the Pathfinder Sponsor Shares shall be deemed to refer to clause
(a) and/or clause (b) of this definition, as the context so requires.

 

“Permitted Transferee”
means, with respect to any Person (a) any direct or indirect members, partners (whether general or limited partners) or equityholders
or other holders of interests of such Person or any of its Affiliates or any officers, directors or employees of such Person or any Affiliates
of any of the foregoing (it being understood and agreed, for the avoidance of doubt, that Pathfinder and Sponsor shall, prior to the Closing,
be deemed Affiliates of each other for purposes of this clause (a)), (b) such Person’s immediate family, (c) any trust for
the direct or indirect benefit of such Person or the immediate family of such Person or (d) if such Person is a trust, to the trustor
or beneficiary(ies) of such trust or to the estate of a beneficiary of such trust.

 

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“Pre-Closing Pathfinder
Party” means each of the Sponsor and, prior to the Effective Time, Merger Sub and Pathfinder.

 

“Retained Shares”
has the meaning set forth in Section 4 of this Agreement.

 

“Second Trigger Price”
has the meaning set forth in Section 4 of this Agreement.

 

“Sponsor”
has the meaning set forth in the Recitals to this Agreement.

 

“Sponsor Letter”
has the meaning set forth in the Recitals to this Agreement

 

“Stock Price”
means, on any Trading Day, the volume-weighted average sale price per share of Pathfinder Shares reported as of 4:00 p.m., New York City
time on such date by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted
average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning
at 9:30:01 a.m., New York City time (or such other time as the trading market publicly announces is the official open of trading), and
ending at 4:00 p.m., New York City time (or such other time as the trading market publicly announces is the official close of trading),
as reported by Bloomberg, or if not available on Bloomberg, as reported by Morningstar, or, if not available on Bloomberg or Morningstar,
by an authoritative source generally used for such purposes.

 

“Subject Pathfinder
Securities” has the meaning set forth in the Recitals to this Agreement.

 

“Third Trigger Price”
has the meaning set forth in Section 4 of this Agreement.

 

“Trading Day”
means any day on which trading is generally conducted on NASDAQ or any other exchange on which the Pathfinder Shares are traded on or
after the Closing and on or prior to the Earn-Out End Date.

 

“Transactions”
has the meaning set forth in the Recitals to this Agreement.

 

“Transfer”
means any sale, transfer, assignment or disposition of an interest (whether with or without consideration, whether voluntarily or involuntarily
or by operation of law or otherwise).

 

“Trigger Prices”
has the meaning set forth in Section 4 of this Agreement.

 

“Unpaid Pathfinder
Expenses” means the Pathfinder Expenses that are unpaid as of immediately prior to the Closing.

 

“Unpaid Pathfinder
Liabilities” means the Pathfinder Liabilities that are unpaid as of immediately prior to the Closing.

 

“Vesting Commencement
Date” means the date that is 150 days after the Closing Date.

 

“Warrant Forfeiture
Notice” has the meaning set forth in Section 3 of this Agreement.

 

    5

     

    

 

“Willful Breach”
means a material breach of this Agreement that is a consequence of an act or a failure to act by the breaching Party with the knowledge
that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this
Agreement.

 

2. Sponsor
Letter. The Company, Pathfinder, and the Pathfinder Persons hereby agree as follows:

 

(a) The
Sponsor Letter provides in Section 3 thereof that Pathfinder shall not enter into a definitive agreement regarding a proposed Business
Combination (as defined therein) without the prior written consent of the Sponsor. The Transactions constitute a Business Combination
(as defined in the Sponsor Letter) for purposes of the Sponsor Letter and the Sponsor hereby consents to entry into the Business Combination
Agreement.

 

(b) The
Sponsor Letter provides in Section 3 thereof for certain obligations in respect of voting all Founder Shares (as defined therein) and
Public Shares (as defined therein) beneficially owned by the Sponsor and by the Pathfinder Insiders, as applicable, in favor of such Business
Combinations (as defined therein) and forgoing redemption rights in respect thereof. The Transactions constitute a Business Combination
(as defined in the Sponsor Letter) for purposes of the Sponsor Letter and the Sponsor and each Pathfinder Insider will comply with its,
his or her respective obligations under Section 3 of the Sponsor Letter, it being understood that, for the avoidance of doubt, nothing
set forth in this Section 2(b) shall conflict with or create any obligations inconsistent with Section 12.

 

(c) Subject
to, and conditioned upon the occurrence and effective as of, the Effective Time, Section 5 of the Sponsor Letter shall be amended
and restated to provide in its entirety as follows: “[Reserved].”

 

3. Pathfinder
Sponsor Share and Pathfinder Warrant Forfeiture.

 

(a) Subject
to, and conditioned upon the occurrence and effective as of immediately following the Domestication and immediately prior to, the Effective
Time, the Sponsor shall automatically be deemed to irrevocably forfeit, surrender and transfer to Pathfinder for no consideration
a number of Pathfinder Sponsor Shares and/or Pathfinder Warrants, as applicable, if any, held by the Sponsor immediately prior to the
Effective Time, with such number of Pathfinder Sponsor Shares and/or Pathfinder Warrants, as applicable, if any, so forfeited being determined
on the terms and subject to the conditions set forth in this Section 3 (such Pathfinder Sponsor Shares and/or Pathfinder Warrants,
the “Pathfinder Forfeited Equity Securities”). From and after the time that the Pathfinder Forfeited Equity Securities
(if any) are forfeited, surrendered and transferred to Pathfinder as provided in this Section 3, such Pathfinder Forfeited Equity
Securities shall be deemed to be cancelled and no longer outstanding.

 

(b) Subject
to Section 3(d), if there is an Excess Pathfinder Liabilities Amount, then the Sponsor shall be deemed to forfeit a number of Pathfinder
Sponsor Shares and/or Pathfinder Warrants, as applicable, held by it immediately prior to the Effective Time pursuant to this Section
3 with a value (based on the applicable Pathfinder Security Value) equal to the Excess Pathfinder Liabilities Amount. The number of
Pathfinder Sponsor Shares and/or Pathfinder Warrants, as applicable, forfeited by the Sponsor in connection with an Excess Pathfinder
Liabilities amount, will be determined by the Sponsor by giving written notice (the “Excess Liability Forfeiture Notice”)
to the Company prior to the Closing of the number of Pathfinder Sponsor Shares and/or Pathfinder Warrants, as applicable, to be so forfeited
(with the number of such Pathfinder Forfeited Equity Securities rounded down to the nearest full share); provided, however,
that if the Sponsor does not deliver the Excess Liability Forfeiture Notice to the Company prior to the Closing, then the Sponsor shall,
for purposes of this Section 3, be deemed to have elected to forfeit Pathfinder Sponsor Shares held by it immediately prior to
the Effective Time with a value (based on the applicable Pathfinder Security Value) equal to the Excess Pathfinder Liabilities Amount
(with the number of such Pathfinder Forfeited Equity Securities rounded down to the nearest full share).

 

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(c) Subject
to Section 3(d), if there are Pathfinder Shareholder Redemptions, then the Sponsor shall be deemed to forfeit a number of Pathfinder
Sponsor Shares held by it immediately prior to the Effective Time pursuant to this Section 3 equal to the Pathfinder Redemption
Forfeited Shares.

 

(d) Notwithstanding
Section 3(b) or Section 3(c) or anything else to the contrary in this Agreement, in no event shall the number of Pathfinder
Sponsor Shares forfeited by the Sponsor pursuant to this Section 3 exceed fifty percent (50%) of the Pathfinder Sponsor Shares
held by Sponsor immediately prior to the Effective Time.

 

4.
Earn-Out Shares.

 

(a) Subject to, and
conditioned upon the occurrence of and effective immediately after, the Effective Time, (i) fifty percent (50%) of the Pathfinder
Sponsor Shares immediately prior the Effective Time (and immediately prior to and not taking into account any forfeiture), rounded
up to the nearest whole share, shall be not be subject to the provisions set forth in this Section 4 (such Pathfinder
Sponsor Shares, the “Retained Shares”) and (ii) the remaining Pathfinder Sponsor Shares (other than, for the
avoidance of doubt, the Retained Shares and any shares forfeited subject to Section 3 above), if any, held by the Sponsor immediately after the Effective Time shall be subject to the
provisions set forth in this Section 4 (such Pathfinder Sponsor Shares, the “Earn-Out Shares”).

 

(b) Subject
to, and conditioned upon the occurrence of and effective immediately after, the Effective Time, the Earn-Out Shares shall be unvested
and subject to the restrictions and forfeiture provisions set forth in this Section 4. The Earn-Out Shares shall vest and become
free of the provisions set forth in this Section 4 as follows: (i) with respect to one-third of the Earn-Out Shares, the first
day on which the Stock Price is equal to or greater than $12.50 per share (such price, as may be adjusted from time to time pursuant to
this Section 4, the “First Trigger Price”) for at least twenty out of thirty consecutive Trading Days during
the period beginning on the Vesting Commencement Date and ending on the fifth (5th) anniversary of the Closing Date (as such date may
be extended pursuant to this Section 4, the “Earn-Out End Date”); (ii) with respect to one-third of the Earn-Out
Shares, the first day on which the Stock Price is equal to or greater than $15.00 per share (such price, as may be adjusted from time
to time pursuant to this Section 4, the “Second Trigger Price”) for at least twenty out of thirty consecutive
Trading Days during the period beginning on the Vesting Commencement Date and ending on the Earn-Out End Date; and (iii) with respect
to one-third of the Earn-Out Shares, the first day on which the Stock Price is equal to or greater than $17.50 per share (such price,
as may be adjusted from time to time pursuant to this Section 4, the “Third Trigger Price” and together with
the First Trigger Price and the Second Trigger Price, collectively, the “Trigger Prices”) for at least twenty out of
thirty consecutive Trading Days during the period beginning on the Vesting Commencement Date and ending on the Earn-Out End Date; provided,
however, that (i) if the fifth (5th) anniversary of the Closing Date occurs on a day that is not a Trading Day, then the Earn-Out
End Date shall be deemed to occur on the next following Trading Day, and (ii) if Pathfinder or any of its Affiliates enters into a definitive
agreement with respect to a Pathfinder Sale on or prior to the fifth (5th) anniversary of the Closing Date, then the Earn-Out End Date
shall be automatically extended and shall be deemed to occur on the earlier of (A) the day after such Pathfinder Sale is consummated and
(B) the termination of such definitive agreement with respect to such Pathfinder Sale in accordance with its terms. Any Earn-Out Shares
that have not vested in accordance with this Section 4(b) or Section 4(c) on or before the Earn-Out End Date will be
immediately cancelled for no consideration at 11:59 p.m., New York City time on the Earn-Out End Date.

 

(c) In the event of a
Pathfinder Sale on or prior to the Earn-Out End Date, the requirement that the Stock Price trade above the relevant trigger prices
for twenty out of thirty days shall not apply and any unvested Earn-Out Shares as of such time (i) will fully vest and become free
of the restrictions set forth in this Section 4, effective as of immediately prior to the closing of such Pathfinder Sale, if
the Pathfinder Sale Price Per Share of Pathfinder Shares paid or payable in such Pathfinder Sale is equal to or exceeds the Trigger
Price applicable to such Earn-Out Shares and (ii) will be automatically and irrevocably be forfeited, surrendered and transfered to
Pathfinder for no consideration, effective as of immediately prior to the closing of such Pathfinder Sale, if the Pathfinder Sale
Price Per Share of Pathfinder Shares paid or payable in such Pathfinder Sale is less than the Trigger Price applicable to such
Earn-Out Shares.

 

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(d) The
Sponsor may not, at any time from and after the Closing Date through and until the earliest of (i) the date that the applicable Earn-Out
Shares vest pursuant to this Section 4 or (ii) the closing of a Pathfinder Sale, Transfer any unvested Earn-Out Shares. The foregoing
sentence shall not apply (A) to the Transfer of any or all of the Earn-Out Shares held by a Person to any Permitted Transferee, (B) to
the Transfer of any or all of the Earn-Out Shares held by a Person pursuant to a bona fide gift or charitable contribution, (C) to the
Transfer of any or all of the Earn-Out Shares held by a Person by virtue of wills and laws of descent and distribution upon death of the
individual, or (D) to the Transfer of any or all of the Earn-Out Shares held by a Person pursuant to a court order or settlement agreement
related to the distribution of assets in connection with the dissolution of marriage or civil union or other qualified domestic relations
order. Notwithstanding the foregoing or anything to the contrary herein, (i) (A) any such Earn-Out Shares Transferred by the Sponsor (and,
for the avoidance of doubt, any Permitted Transferees) shall remain subject to this Section 4 and the terms of any applicable “lock-up”
in the Shareholder Rights Agreement until twelve months from the Closing Date and (B) the transferee of such Earn-Out Shares shall agree
in writing that he, she or it is receiving and holding such Earn-Out Shares subject to the provisions of this Section 4 and (ii)
from and after a Transfer by the Sponsor or such other Person who holds such Earn-Out Shares, all references to the Sponsor in this Section
4 shall include such transferee and shall collectively mean the Sponsor (to the extent that it then holds Earn-Out Shares) and each
such transferee of Earn-Out Shares previously held by the Sponsor (in each case, to the extent he, she or it then holds Earn-Out Shares).
Each such transferee of Earn-Out Shares shall be a third party beneficiary of this Section 4 and Section 21.

 

(e) The
Earn-Out Shares and the Trigger Prices (and all references to Stock Price and Pathfinder Shares and each of the foregoing in this Agreement)
shall each be adjusted appropriately to reflect the effect of any share split, reverse share split, share dividend (including any dividend
or other distribution of securities convertible into Pathfinder Shares), reorganization, recapitalization, reclassification, combination,
exchange of shares or other like change with respect to the Pathfinder Shares (or any other Equity Securities into which they are adjusted
pursuant to this Section 4(e)) at any time prior to the vesting of any Earn-Out Shares pursuant to this Section 4 so as
to provide the holders of such Earn-Out Shares with the same economic effect as contemplated by this Section 4 prior to such event
and as so adjusted shall, from and after the date of such event, be the Earn-Out Shares, the Trigger Prices, the Stock Prices and Pathfinder
Shares, as applicable.

 

(f) From
and after the Closing, Pathfinder shall take all necessary actions and use reasonable best efforts to remain listed as a public company
on, and for the Earn-Out Shares to be tradable over, the Designated Exchange or any other nationally recognized U.S. stock exchange; provided,
however, the foregoing shall not limit Pathfinder or any of its Affiliates from consummating a Pathfinder Sale or entering into
a definitive agreement that contemplates a Pathfinder Sale. Subject to Section 4(c) and the other applicable provisions of this
Section 4, upon the consummation of a Pathfinder Sale, Pathfinder shall have no further obligations under this Section 4(f).

 

(g) From
and after the Closing, at any time (i) prior to the Earn-Out End Date or (ii) from and after the vesting of any Earn-Out Shares, Pathfinder
shall take all actions necessary or appropriate to evidence the ownership by the Sponsor of such Earn-Out Shares, including through the
provision of an updated securities registry showing such ownership (as certified by an officer of Pathfinder responsible for maintaining
such registry or the applicable registrar or transfer agent of Pathfinder). At the time that any Earn-Out Shares become vested pursuant
to this Section 4, Pathfinder shall remove or cause to be removed any legends, stock transfer restrictions, stop transfer orders
or similar restrictions with respect to such Earn-Out Shares related to vesting or this Section 4 (other than, for the avoidance
of doubt, those that relate to any applicable and then-existing lock-up period with respect to such Earn-Out Shares in the Shareholder
Rights Agreement).

 

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(h)
The Sponsor shall retain all of its rights as a stockholder of Pathfinder with respect to any Earn-Out Shares held by it during any period
of time that such shares are subject to restriction on Transfer or sale hereunder, including the right to vote any such shares and the
right to receive dividends and other distributions with respect to such Earn-Out Shares prior to vesting (provided that dividends
and other distributions with respect to Earn-Out Shares that are subject to vesting and are unvested at the time of such dividend or distribution
shall only be paid to such holders upon the vesting of such Earn-Out Shares (and, if any dividends or other distributions with respect
to Earn-Out Shares are set aside and such Earn-Out Shares are subsequently cancelled pursuant to this Section 4, such set aside
dividends or distributions shall become the property of Pathfinder)); provided that, if for U.S. federal and applicable state income
tax purposes, Pathfinder intends to report any such dividends and distributions as a taxable dividend or distribution with respect to
such Earn-Out Shares of the Sponsor, at the time such dividend or distribution would otherwise be paid with respect to such Earn-Out Shares,
Pathfinder shall pay to the Sponsor a portion of such dividend or distribution sufficient such that the Sponsor and its direct and indirect
partners and/or other equityholders may make payments equal to the amount of applicable the U.S. federal and state income tax liability
with respect to such income.

 

(i) The
Sponsor intends to make a protective election under Section 83(b) of the Code with respect to the Earn-Out Shares.

 

(j) The
Parties agree and acknowledge that the Earn-Out Shares are intended to constitute “voting stock” within the meaning of Section
368(a)(1) of the Code and the Treasury Regulations promulgated thereunder received by the Sponsor in connection with the Mergers, and
shall file all Tax Returns consistent with, and take no position inconsistent with (whether in audits, Tax Returns or otherwise) such
treatment unless (i) such Party receives written confirmation from each of Kirkland & Ellis LLP and Ropes & Gray LLP to the effect
that such law firm is unable to conclude that such treatment is more likely than not correct, provided that such Party shall use
reasonable best efforts to cause each such law firm to reach such conclusion (including by providing customary factual representations
and covenants), to such law firm; provided, further, that, for the avoidance of doubt, the Pathfinder shall not be required
to restructure, or otherwise alter the terms of, the transaction as provided for in this Agreement or the Business Combination Agreement,
or (ii) otherwise required by a final “determination” within the meaning of Section 1313(a) of the Code.

 

5. Pathfinder
Registration Rights Agreement. Subject to, and conditioned upon the occurrence, and effective as of the Effective Time, Pathfinder,
the Sponsor and each of the other Pathfinder Persons who are party to the Pathfinder Registration Rights Agreement agree that the Pathfinder
Registration Rights Agreement is hereby terminated in its entirety, and shall be of no further force or effect from and after such time.

 

6. Anti-Dilution
Adjustment Waiver. Each Pathfinder Person that holds Pathfinder Class B Shares hereby (a) waives, subject to, and conditioned upon
and effective as of immediately prior to, the occurrence of the Effective Time, any rights to adjustment of the conversion ratio with
respect to the Pathfinder Class B Shares held by such Pathfinder Person set forth in the Governing Documents of Pathfinder or any other
anti-dilution or similar protection with respect to the Pathfinder Class B Shares held by such Pathfinder Person (in each case, whether
resulting from the transactions contemplated by the Business Combination Agreement or otherwise) and (b) agrees not to assert or perfect
any rights to adjustment of the conversion ratio with respect to the Pathfinder Class B Shares held by such Pathfinder Person set forth
in the Governing Documents of Pathfinder or any other anti-dilution or similar protection with respect to the Pathfinder Class B Shares
held by such Pathfinder Person (in each case, whether resulting from the transactions contemplated by the Business Combination Agreement
or otherwise).

 

    9

     

    

 

7. Representations
and Warranties of Pathfinder Persons. Each Pathfinder Person represents and warrants, as of the date hereof, solely with respect to
himself, herself or itself, and not on behalf of any other person, to the Company as follows:

 

(a) If
such Pathfinder Person is not an individual, such Pathfinder Person is a corporation, limited liability company or other applicable business
entity duly organized or formed, as applicable, validly existing and in good standing (or the equivalent thereof, if applicable, in each
case, with respect to the jurisdictions that recognize the concept of good standing or any equivalent thereof) under the Laws of its jurisdiction
of formation or organization (as applicable).

 

(b) Such
Pathfinder Person (if not an individual) has the requisite corporate, limited liability company or other similar power and authority and,
if such Pathfinder Person is an individual, legal capacity to execute and deliver this Agreement, to perform his, her or its covenants,
agreements and obligations hereunder, and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
has been duly authorized by all necessary corporate or other action on the part of such Pathfinder Person, if such Pathfinder Person is
not an individual. This Agreement has been duly and validly executed and delivered by such Pathfinder Person and constitutes a valid,
legal and binding agreement of such Pathfinder Person (assuming that this Agreement is duly authorized, executed and delivered by the
other Parties), enforceable against such Pathfinder Person in accordance with its terms (subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other Laws affecting generally the enforcement of creditors’ rights and subject to general principles
of equity).

 

(c) No
consent, approval or authorization of, or designation, declaration or filing with, any Governmental Entity is required on the part of
such Pathfinder Person with respect to such Pathfinder Person’s execution, delivery or performance of his, her or its covenants,
agreements or obligations under this Agreement or the consummation of the transactions contemplated hereby, except for (i) compliance
with and filings under the HSR Act, if applicable, or under any applicable antitrust or competition Laws of any non-U.S. jurisdiction
or any other merger control or investment Laws or Laws that provide for review of national security or defense matters, (ii) any filings
with the SEC related to his, her or its ownership of Equity Securities of Pathfinder or the transactions contemplated by the Business
Combination Agreement, this Agreement or any other Ancillary Documents to which he, she or it is a party, or (iii) any other consents,
approvals, authorizations, designations, declarations, waivers or filings, the absence of which would not adversely affect the ability
of such Pathfinder Persons to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations hereunder
in any material respect.

 

(d) None
of the execution or delivery of this Agreement by such Pathfinder Person, the performance by such Pathfinder Person of any of his, her
or its covenants, agreements or obligations under this Agreement or the consummation of the transactions contemplated hereby will, directly
or indirectly (with or without due notice or lapse of time or both) (i) if such Pathfinder Person is not an individual, result in any
breach of any provision of such Pathfinder Person’s Governing Documents, (ii) result in a violation or breach of, or constitute
a default or give rise to any right of termination, Consent, cancellation, amendment, modification, suspension, revocation or acceleration
under, any of the terms, conditions or provisions of any Contract to which such Pathfinder Person is a party, (iii) violate, or constitute
a breach under, any Order or applicable Law to which such Pathfinder Person or any of his, her or its properties or assets are bound or
(iv) other than the restrictions contemplated by this Agreement, the Business Combination Agreement or any other Ancillary Document, result
in the creation of any Lien upon the Subject Pathfinder Securities owned by him, her or it (if any) (other than as expressly provided
under this Agreement), except, in the case of any of clauses (ii) and (iii) above, as would not to adversely affect
the ability of such Pathfinder Person to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations
hereunder in any material respect.

 

    10

     

    

 

(e) Such
Pathfinder Person is, as of the date hereof, the record and/or beneficial owner of the Subject Pathfinder Securities owned by him, her
or it (if any) as set forth on Exhibit A hereto free and clear of all Liens, other than Liens pursuant to applicable securities
laws and set forth in the Pathfinder SEC Reports. Such Pathfinder Person does not own, of record or beneficially, any other Equity Securities
of Pathfinder other than the applicable Subject Pathfinder Securities owned by him, her or it (if any) set forth opposite his, her or
its name on Exhibit A hereto. Such Pathfinder Person has the sole right to vote (and provide consent in respect of, as applicable)
the Subject Pathfinder Securities owned by him, her or it (if any) as set forth on Exhibit A hereto as of the date hereof. Except
for this Agreement, the Business Combination Agreement, the other Ancillary Documents, the Governing Documents of Pathfinder, those Contracts
or other arrangements set forth in the Pathfinder SEC Reports (including, for the avoidance of doubt, the Sponsor Letter and the Pathfinder
Registration Rights Agreement), or any proxy given for purposes of voting in favor of the Transaction Proposals, such Pathfinder Person
is not party to or bound by (i) any option, warrant, purchase right or other Contract that would (either alone or in connection with one
or more events, developments or events (including the satisfaction or waiver of any conditions precedent)) require such Pathfinder Person
to Transfer any of the Subject Pathfinder Securities owned by him, her or it (if any) or (ii) any voting trust, proxy or other Contract
with respect to the voting or Transfer of any of the Subject Pathfinder Securities owned by him, her or it (if any) in a manner inconsistent
with the requirements of this Agreement, in the case of either clause (i) or (ii), that would adversely affect the ability
of such Pathfinder Person to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations hereunder
in any material respect.

 

(f) As
of the date of this Agreement, there is no Proceeding pending or, to such Pathfinder Person’s knowledge, threatened against or involving
him, her, it or any of his, her or its Affiliates that, if adversely decided or resolved, would reasonably be expected to adversely affect
the ability of him, her or it to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations under
this Agreement in any material respect.

 

(g) In
entering into this Agreement and the other Ancillary Documents to which he, she or it is or will be a party, such Pathfinder Person has
relied solely on his, her or its own investigation and analysis and the representations and warranties expressly set forth in this Agreement
and the other Ancillary Documents to which he, she or it is or will be a party and no other representations or warranties of Pathfinder,
the Company or any other person, either express or implied, and such Pathfinder Person, on his, her or its own behalf and on behalf of
his, her or its Representatives, acknowledges, represents, warrants and agrees that, except for the representations and warranties expressly
set forth in this Agreement or in the other Ancillary Documents to which he, she or it is or will be a party, none of Pathfinder, the
Company or any other Person makes or has made any representation or warranty, either express or implied, to it, him or her in connection
with or related to this Agreement, the Business Combination Agreement or the other Ancillary Documents or the transactions contemplated
hereby or thereby.

 

8. Representations
and Warranties of the Company. The Company represents and warrants, as of the date hereof, to each of the Pathfinder Persons as follows:

 

(a) The
Company is a corporation, limited liability company or other applicable business entity duly organized or formed, as applicable, validly
existing and in good standing (or the equivalent thereof, if applicable, in each case, with respect to the jurisdictions that recognize
the concept of good standing or any equivalent thereof) under the Laws of its jurisdiction of formation or organization (as applicable).

 

    11

     

    

 

(b) The
Company has the requisite corporate, limited liability company or other similar power and authority to perform its covenants, agreements
and obligations hereunder, and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement has been
duly authorized by all necessary corporate or other action on the part of the Company. This Agreement has been duly and validly executed
and delivered by the Company and constitutes a valid, legal and binding agreement of the Company (assuming that this Agreement is duly
authorized, executed and delivered by the other Parties), enforceable against such Person in accordance with its terms (subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other Laws affecting generally the enforcement of creditors’ rights and subject
to general principles of equity).

 

(c) No
consent, approval or authorization of, or designation, declaration or filing with, any Governmental Entity is required on the part of
the Company with respect to its execution, delivery or performance of its covenants, agreements or obligations under this Agreement or
the consummation of the transactions contemplated hereby, except for (i) compliance with and filings under the HSR Act, if applicable,
or under any applicable antitrust or competition Laws of any non-U.S. jurisdiction or any other merger control or investment Laws or Laws
that provide for review of national security or defense matters, (ii) the filing with the SEC of (A) the Registration Statement / Proxy
Statement and the declaration of the effectiveness thereof by the SEC and (B) such reports under Section 13(a) or 15(d) of the Exchange
Act as may be required in connection with this Agreement, the Ancillary Documents or the transactions contemplated hereby or thereby related,
or (iii) any other consents, approvals, authorizations, designations, declarations, waivers or filings, the absence of which would not
adversely affect the ability of the Company to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations
hereunder in any material respect.

 

(d) None
of the execution or delivery of this Agreement by the Company, the performance by the Company of any of its covenants, agreements or obligations
under this Agreement or the consummation of the transactions contemplated hereby will, directly or indirectly (with or without due notice
or lapse of time or both) (i) result in any breach of any provision of the Company’s Governing Documents, (ii) result in a violation
or breach of, or constitute a default or give rise to any right of termination, Consent, cancellation, amendment, modification, suspension,
revocation or acceleration under, any of the terms, conditions or provisions of any Contract to which the Company is a party, (iii) violate,
or constitute a breach under, any Order or applicable Law to which the Company or any of its properties or assets are bound or (iv) other
than the restrictions contemplated by this Agreement, the Business Combination Agreement or any other Ancillary Document, result in the
creation of any Lien upon the Pathfinder Shares (other than as expressly provided under this Agreement), except, in the case of any of
clauses (ii) and (iii) above, as would not to adversely affect the ability of the Company to perform, or otherwise
comply with, any of his, her or its covenants, agreements or obligations hereunder in any material respect.

 

(e) In
entering into this Agreement, the Company has relied solely on its own investigation and analysis and the representations and warranties
of the Pathfinder Persons expressly set forth in this Agreement and no other representations or warranties of the Pathfinder Persons or
any other person, either express or implied, and the Company, on its own behalf and on behalf of his, her or its Representatives, acknowledges,
represents, warrants and agrees that, except for the representations and warranties of the Pathfinder Persons expressly set forth in this
Agreement and the representations and warranties of the other persons expressly set forth in the Business Combination Agreement and the
other Ancillary Documents, none of the Pathfinder Persons or any other person makes or has made any representation or warranty, either
express or implied, in connection with or related to this Agreement, the Business Combination Agreement or the other Ancillary Documents
or the transactions contemplated hereby or thereby.

 

    12

     

    

 

9. Representations
and Warranties of Pathfinder. At and following the Effective Time, Pathfinder represents and warrants to each of the Pathfinder Persons
as follows:

 

(a) Pathfinder
is a corporation, limited liability company or other applicable business entity duly organized or formed, as applicable, validly existing
and in good standing (or the equivalent thereof, if applicable, in each case, with respect to the jurisdictions that recognize the concept
of good standing or any equivalent thereof) under the Laws of its jurisdiction of formation or organization (as applicable).

 

(b) Pathfinder
has the requisite corporate, limited liability company or other similar power and authority to perform its covenants, agreements and obligations
hereunder, and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement has been duly authorized
by all necessary corporate or other action on the part of Pathfinder. This Agreement has been duly and validly executed and delivered
by Pathfinder and constitutes a valid, legal and binding agreement of the Pathfinder (assuming that this Agreement is duly authorized,
executed and delivered by the other Parties), enforceable against such Person in accordance with its terms (subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other Laws affecting generally the enforcement of creditors’ rights and subject to general
principles of equity).

 

(c) No
consent, approval or authorization of, or designation, declaration or filing with, any Governmental Entity is required on the part of
Pathfinder with respect to its execution, delivery or performance of its covenants, agreements or obligations under this Agreement or
the consummation of the transactions contemplated hereby, except for (i) compliance with and filings under the HSR Act, if applicable,
or under any applicable antitrust or competition Laws of any non-U.S. jurisdiction or any other merger control or investment Laws or Laws
that provide for review of national security or defense matters, (ii) the filing with the SEC of (A) the Registration Statement / Proxy
Statement and the declaration of the effectiveness thereof by the SEC and (B) such reports under Section 13(a) or 15(d) of the Exchange
Act as may be required in connection with this Agreement, the Ancillary Documents or the transactions contemplated hereby or thereby related,
(iii) any filings required under the Cayman Act in connection with the Domestication, (iv) the filing of the Certificate of Merger, (v)
the Pathfinder Sponsor Consent, (vi) the approvals and consents to be obtained by Pathfinder Merger Sub pursuant to the Business Combination
Agreement, (viii) the Pathfinder Shareholder Approval or (ix) any other consents, approvals, authorizations, designations, declarations,
waivers or filings, the absence of which would not adversely affect the ability of the Company to perform, or otherwise comply with, any
of his, her or its covenants, agreements or obligations hereunder in any material respect.

 

(d) None
of the execution or delivery of this Agreement by Pathfinder, the performance by Pathfinder of any of its covenants, agreements or obligations
under this Agreement or the consummation of the transactions contemplated hereby will, directly or indirectly (with or without due notice
or lapse of time or both) (i) result in any breach of any provision of Pathfinder’s Governing Documents, (ii) result in a violation
or breach of, or constitute a default or give rise to any right of termination, Consent, cancellation, amendment, modification, suspension,
revocation or acceleration under, any of the terms, conditions or provisions of any Contract to which Pathfinder is a party, (iii) violate,
or constitute a breach under, any Order or applicable Law to which Pathfinder or any of its properties or assets are bound or (iv) other
than the restrictions contemplated by this Agreement, the Business Combination Agreement or any other Ancillary Document, result in the
creation of any Lien upon the Pathfinder Shares (other than as expressly provided under this Agreement), except, in the case of any of
clauses (ii) and (iii) above, as would not to adversely affect the ability of Pathfinder to perform, or otherwise comply
with, any of his, her or its covenants, agreements or obligations hereunder in any material respect.

 

    13

     

    

 

(e) All
outstanding shares of capital stock of Pathfinder are, and all Pathfinder Post-Closing Common Shares (including, for the avoidance of
doubt, any Earn-Out Shares) that may be issued as permitted by this Agreement, the Ancillary Documents or the Business Combination Agreement
or otherwise shall be, when issued, duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights
or any Liens, other than Permitted Liens.

 

(f) In
entering into this Agreement, Pathfinder has relied solely on its own investigation and analysis and the representations and warranties
of the Pathfinder Persons expressly set forth in this Agreement and no other representations or warranties of the Pathfinder Persons or
any other person, either express or implied, and Pathfinder, on its own behalf and on behalf of his, her or its Representatives, acknowledges,
represents, warrants and agrees that, except for the representations and warranties of the Pathfinder Persons expressly set forth in this
Agreement and the representations and warranties of the other persons expressly set forth in the Business Combination Agreement and the
other Ancillary Documents, none of the Pathfinder Persons or any other person makes or has made any representation or warranty, either
express or implied, in connection with or related to this Agreement, the Business Combination Agreement or the other Ancillary Documents
or the transactions contemplated hereby or thereby.

 

10. Transfer
of Subject Pathfinder Securities. Except as expressly contemplated by the Business Combination Agreement or with the prior written
consent of the Company, from and after the date hereof and until the earlier of (a) the termination of this Agreement in accordance with
its terms and (b) the Effective Time, each Pathfinder Person agrees that he, she or it shall not (i) Transfer any of his, her or its Subject
Pathfinder Securities, (ii) enter into (A) any option, warrant, purchase right, or other Contract that would reasonably be expected (either
alone or in connection with one or more events, developments or events (including the satisfaction or waiver of any conditions precedent))
to require such Pathfinder Person to Transfer his, her or its Subject Pathfinder Securities or (B) any voting trust, proxy or other Contract
with respect to the voting or Transfer of his, her or its Subject Pathfinder Securities, or (iii) enter into any Contract to take, or
cause to be taken, any of the actions set forth in clauses (i) or (ii); provided, however, that the foregoing
shall not apply to any Transfer (1) to any Permitted Transferee, (2) pursuant to a bona fide gift or charitable contribution; (3)
in the case of an individual, by virtue of wills and laws of descent and distribution upon death of the individual or (4) pursuant to
a court order or settlement agreement related to the distribution of assets in connection with the dissolution of marriage or civil union
or other qualified domestic relations order; provided, that the transferring Pathfinder Person shall, and shall direct any transferee
of his, her or its Subject Pathfinder Securities of the type set forth in clauses (1) through (4), to enter into a
written agreement in form and substance reasonably satisfactory to the Company, agreeing to be bound by this Agreement (which will include,
for the avoidance of doubt, an agreement to be bound by all of the covenants, agreements and obligations of the transferring Pathfinder
Person hereunder and the making of all applicable representations and warranties of the transferring Pathfinder Person set forth in Section
7 with respect to such transferee and his, her or its Subject Pathfinder Securities received upon such Transfer, as applicable) prior
and as a condition to the occurrence of such Transfer.

 

11. Termination;
Non-Survival.

 

(a) (i)
This Agreement shall automatically terminate, and be void ab initio, without any notice or other action by any Party upon the termination
of the Business Combination Agreement in accordance with its terms and (ii) the representations, warranties, agreements and covenants
in this Agreement shall automatically terminate, without any notice or other action by any Party, upon the occurrence of the Effective
Time, except (A) for the covenants and agreements in this Agreement that, by their terms, contemplate performance after the Effective
Time, which shall so survive the Effective Time in accordance with their respective terms or (B) otherwise expressly provided in the last
sentence of this Section 11. Upon termination of this Agreement or the representations, warranties, agreements and covenants in
this Agreement, as applicable, as provided in the immediately preceding sentence, none of the Parties shall have any further obligations
or liabilities under, or with respect to, this Agreement or such representations, warranties, agreements or covenants in this Agreement.

 

(b) Notwithstanding
the foregoing or anything to the contrary in this Agreement, (i) the termination of this Agreement pursuant to clause (i) of Section
11(a) shall not affect any liability on the part of any Party for Fraud or for a Willful Breach of any covenant or agreement set forth
in this Agreement prior to such termination, (ii) this Section 11 and the representations and warranties set forth in Sections
7(g) and 8(e) and 9 shall each survive termination of this Agreement or the occurrence of the Effective Time, as applicable
and shall remain valid and binding obligations of the Parties, (iii) Sections 12 through 21 shall survive any termination of this
Agreement or the occurrence of the Effective Time, as applicable, and shall remain valid and binding obligations of the Parties and (iv)
for the avoidance of doubt, Section 1 shall survive any termination of this Agreement or the occurrence of the Effective Time to the extent
related to any provisions that survive the termination of this Agreement or the occurrence of the Effective Time, as applicable.

 

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12. Fiduciary
Duties. Notwithstanding anything in this Agreement to the contrary (but also without limiting the obligations of Pathfinder under
the Business Combination Agreement), (a) no Pathfinder Person makes any agreement or understanding herein in any capacity other than
in such Pathfinder Person’s capacity as a record holder and beneficial owner of the Subject Pathfinder Securities (i.e.,
if such Pathfinder Person is an individual, not in such Pathfinder Person’s capacity as a director, officer or employee of Pathfinder),
and (b) nothing herein will be construed to limit or affect any action or inaction by such Pathfinder Person if such Pathfinder Person
is an individual, or, if such Pathfinder Person is not an individual, any representative of such Pathfinder Person serving as a member
of the board of directors of Pathfinder or as an officer, employee or fiduciary of Pathfinder, in each case, acting in such person’s
capacity as a director, officer, employee or fiduciary of Pathfinder.

 

13. Notices.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed
to have been duly given) by delivery in person, by email (having obtained electronic delivery confirmation thereof (i.e., an electronic
record of the sender that the email was sent to the intended recipient thereof without an “error” or similar message that
such email was not received by such intended recipient)), or by registered or certified mail (postage prepaid, return receipt requested)
(upon receipt thereof) to the other Parties as follows:

 

If to Pathfinder (prior to the Effective
Time) or the Sponsor, to:

 

c/o Pathfinder Acquisition LLC

1950 University Avenue, Suite 350

Palo Alto, CA 94303

		Attention:	Lance Taylor

		Email:	                                     

 

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

 

Kirkland & Ellis LLP

555 California Street, 27th Floor

San Francisco, CA 94104

		Attention:	Travis Lee Nelson P.C.;

Douglas E. Bacon, P.C.; and

Ryan Brissette

		Email:	tnelson@kirkland.com;

douglas.bacon@kirkland.com; and

ryan.brissette@kirkland.com

 

If to the Company (or Pathfinder, following
the Effective Time), to:

 

c/o ServiceMax, Inc.

4450 Rosewood Drive

Pleasanton, CA 94588

		Attention:	Nell O’Donnell

		Email:	                                     

 

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

 

Ropes & Gray LLP

Three Embarcadero Center

San Francisco, CA 9411

		Attention:	Matthew Jacobson

		Email:	matthew.jacobson@ropesgray.com

 

if to a Pathfinder Person other than the Sponsor,
to the address on the Pathfinder Person’s signature page hereto;

 

or to such other address as the Party to whom notice is given may have
previously furnished to the others in writing in the manner set forth above.

 

14. Entire
Agreement. This Agreement, the Business Combination Agreement and documents referred to herein and therein (including the Ancillary
Documents) constitute the entire agreement of the Parties with respect to the subject matter of this Agreement, and supersede all prior
agreements and undertakings, both written and oral, among the Parties with respect to the subject matter of this Agreement (including
the Original Sponsor Letter Agreement), except as otherwise expressly provided in this Agreement. In the event and to the extent that
there shall be a conflict between the provisions of this Agreement and the provisions of any Ancillary Document, this Agreement shall
control with respect to the subject matter thereof.

  

    15

     

    

 

15. Amendments
and Waivers; Assignment. Any provision of this Agreement, including in respect of any amendments of the Sponsor Letter hereby may
be amended or waived if, and only if, such amendment or waiver is in writing and signed by the Pathfinder Persons, the Company and Pathfinder.
Notwithstanding the foregoing, no failure or delay by any Party in exercising any right hereunder shall operate as a waiver thereof nor
shall any single or partial exercise thereof preclude any other or further exercise of any other right hereunder. Subject to Section
4(d) and Section 10, none of this Agreement or any of the rights, interests or obligations hereunder shall be assignable by
(a) a Pathfinder Person without the prior written consent of the Company, prior to the Effective Time and, following the Effective Time,
Pathfinder, (b) the Company without the prior written consent of the Sponsor and, prior to the Effective Time, Pathfinder or (c) Pathfinder
without the prior written consent of the Sponsor and, prior to the Effective Time, the Company. Any attempted assignment of this Agreement
not in accordance with the terms of this Section 15 shall be null and void ab initio.

 

16. Fees
and Expenses. Except, in the case of Pathfinder and the Company, as otherwise expressly set forth in the Business Combination Agreement,
all fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby, including the fees and disbursements
of counsel, financial advisors and accountants, shall be paid by the Party incurring such fees or expenses; provided, that, any
such fees and expenses incurred by the Pathfinder Persons on or prior to the Closing shall, in the sole discretion of the Sponsor, be
deemed to be fees and expenses of Pathfinder.

 

17. No
Third Party Beneficiaries. Except as set forth in Section 4(d), Section 10 and Section 11, this Agreement shall
be for the sole benefit of the Parties and their respective successors and permitted assigns and is not intended, nor shall be construed,
to give any person, other than the Parties and their respective successors and permitted assigns, any legal or equitable right, benefit
or remedy of any nature whatsoever by reason this Agreement. Nothing in this Agreement, expressed or implied, is intended to, or shall
be deemed to, create a joint venture.

 

18. Miscellaneous.
Sections 7.5 (Governing Law), 7.7 (Construction; Interpretation), 7.10 (Severability), 7.11 (Counterparts; Electronic Signatures), 7.15
(Waiver of Jury Trial), 7.16 (Submission to Jurisdiction) and 7.17 (Remedies) of the Business Combination Agreement are incorporated herein
by reference and shall apply to this Agreement, mutatis mutandis.

 

19. No
Ownership Interest. Nothing contained in this Agreement will be deemed to vest in the Company, Pathfinder or any of their respective
Affiliates any direct or indirect ownership or incidents of ownership of or with respect to the Subject Pathfinder Securities. All rights,
ownership and economic benefits of and relating to the Subject Pathfinder Securities shall remain vested in and belong to each applicable
Pathfinder Person, and the Company and Pathfinder (and each of their respective Affiliates) shall have no authority to manage, direct,
superintend, restrict, regulate, govern or administer any of the policies or operations of Company or Pathfinder or exercise any power
or authority to direct any Pathfinder Person in the voting of any of the Subject Pathfinder Securities owned by him, her or it (if any),
except as otherwise expressly provided herein with respect to the Subject Pathfinder Securities owned by him, her or it (if any). Except
as otherwise set forth in Section 2(b), no Pathfinder Person shall not be restricted from voting in favor of, against or abstaining
with respect to any other matters presented to the shareholders of Pathfinder.

 

20. Spouses
and Community Property Matters. Each Pathfinder Insider’s spouse (if applicable) hereby represents, warrants and covenants to
Pathfinder and the Company that such spouse shall not assert or enforce, and does hereby waive, any rights granted under any community
property statue with respect to the Subject Pathfinder Securities held by such Pathfinder Insider that would reasonably be expected to
adversely affect the ability of him or her to perform, or otherwise comply with, any of his or her covenants, agreements or obligations
under this Agreement in any material respect.

 

21. No
Recourse. Except for claims pursuant to the Business Combination Agreement or any Ancillary Document by any party(ies) thereto against
any other party(ies) on the terms and subject to the conditions therein, each Party agrees that (a) this Agreement may only be enforced
against, and any action for breach of this Agreement may only be made against, the Parties, and no claims of any nature whatsoever arising
under or relating to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby shall be asserted
against any person that is not a Party, and (b) without limiting the generality of the foregoing, no person that is not a Party shall
have any Liability arising out of or relating to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated
hereby, including with respect to any claim (whether in tort, contract or otherwise) for breach of this Agreement or in respect of any
written or oral representations made or alleged to be made in connection herewith, except as expressly provided herein. Notwithstanding
anything to the contrary in this Agreement, (i) in no event shall any Pathfinder Person have any obligations or Liabilities related to
or arising out of the covenants, agreements, obligations, representations or warranties of any other Pathfinder Person under this Agreement
(including related to or arising out of the breach of any such covenant, agreement, obligation, representation or warranty by any other
Pathfinder Person), and (ii) in no event shall any Pre-Closing Pathfinder Party have any obligations or Liabilities related to or arising
out of the covenants, agreements, obligations, representations or warranties of any Pathfinder Person or an under this Agreement (including
related to or arising out of any breach of any such covenant, agreement, obligation, representation or warranty by any such Pathfinder
Person).

 

[Signature pages follow.]

 

    16

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	SERVICEMAX, INC.
	 	 	 
	 	By:	/s/ Ellen O’Donnell
	 	Name:	Ellen O’Donnell
	 	Title:  	Chief Legal Officer

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	PATHFINDER ACQUISITION CORPORATION
	 	 	 
	 	By: 	/s/ David Chung
	 	Name: 	David Chung
	 	Title:	Chief Executive Officer

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	PATHFINDER ACQUISITION LLC
	 	 	 
	 	By:	/s/ David Chung
	 	Name: 	David Chung
	 	Title:	Chief Executive Officer

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ Richard Lawson 
	 	Name:	Richard Lawson
	 	Address: 	[Redacted]
	 	Email:	[Redacted]
	 	 	 
	 	Spouse (if any):
	 	 	 
	 	By: 	/s/ Holly Lawson
	 	Name:	Holly Lawson

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ David Chung 
	 	Name:	David Chung
	 	Address: 	[Redacted]
	 	Email:	[Redacted]
	 	 	 
	 	Spouse (if any):
	 	 	 
	 	By:	/s/ Kate Chung 
	 	Name:	Kate Chung

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ Lindsay Sharma 
	 	Name:	Lindsay Sharma
	 	Address: 	[Redacted]
	 	 	
	 	Email:	[Redacted]
	 	 	 
	 	Spouse (if any):
	 	 	 
	 	By: 	/s/ Anurag Sharma 
	 	Name:	Anurag Sharma

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ Jon Steven Young 
	 	Name:	Jon Steven Young
	 	Address: 	[Redacted]
	 	 	 
	 	Email:	[Redacted]
	 	 	 
	 	Spouse (if any):
	 	 	 
	 	By:	 
	 	Name: 	 

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ Hans Swildens 
	 	Name:	Hans Swildens
	 	Address: 	[Redacted]
	 	Email:	[Redacted]
	 	 	 
	 	Spouse (if any):
	 	 	 
	 	By: 	/s/ Christy Swildens
	 	Name:	Christy Swildens

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ Steve Walske 
	 	Name:	Steve Walske
	 	Address:  	[Redacted]
	 	 	 
	 	Email:	[Redacted]
	 	 	 
	 	Spouse (if any):
	 	 	 
	 	By: 	 
	 	Name: 	 

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ Lance Taylor 
	 	Name:	Lance Taylor
	 	Address: 	[Redacted]
	 	Email:	[Redacted]
	 	 	 
	 	Spouse (if any):
	 	 	 
	 	By: 	/s/ Robyn Taylor
	 	Name:	Robyn Taylor

 

[Signature Page to Sponsor Letter Agreement]

  

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By: 	/s/ Omar Johnson 
	 	Name:	Omar Johnson
	 	Address: 	[Redacted]
	 	Email:	[Redacted]
	 	 	 
	 	Spouse (if any):
	 	 	 
	 	By: 	 
	 	Name: 	 

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 	 
	 	By:	/s/ Paul Weiskopf 
	 	Name:	Paul Weiskopf
	 	Address: 	[Redacted]
	 	Email: 	[Redacted]
	 	 	 
	 	Spouse (if any):
	 	 	 
	 	By: 	 
	 	Name:	 

 

[Signature Page to Sponsor Letter Agreement]

 

     

     

    

 

EXHIBIT A 

 

PATHFINDER SHARES

 

	Pathfinder Person	 	Number of Pathfinder Class B

 Shares Held	 	 	Number of Pathfinder Class

 A Shares Held	 
	Pathfinder Acquisition LLC	 	 	8,050,000	 	 	 	                     0	 
	Steve Walske	 	 	25,000	 	 	 	0	 
	Omar Johnson	 	 	25,000	 	 	 	0	 
	Paul Weiskopf	 	 	25,000	 	 	 	0	 

 

	PATHFINDER WARRANTS
	 
	Pathfinder Person	 	Number of Pathfinder Warrants Held	 
	Pathfinder Acquisition LLC	 	 	4,250,000Exhibit
10.2

 

AMENDED
AND RESTATED SUBSCRIPTION AGREEMENT

 

Pathfinder
Acquisition Corporation

1950
University Avenue, Suite 350

Palo
Alto, CA 94303

 

ServiceMax
Inc.

4450
Rosewood Drive

Pleasanton,
CA, 94588

 

Ladies
and Gentlemen:

 

This
Amended and Restated Subscription Agreement (this “Subscription Agreement”) is being entered into as of the date set
forth on the signature page hereto, by and between Pathfinder Acquisition Corporation, a
Cayman Islands exempted company (“PFDR”), which shall be domesticated as a Delaware corporation prior to the closing
of the Transaction (as defined below), ServiceMax Inc., a Delaware corporation (the “Company”), and the undersigned
subscriber (the “Investor”), in connection with the Amended and Restated Business Combination Agreement, dated as
of the date hereof (as may be amended, supplemented or otherwise modified from time to time, the “Amended and Restated Business
Combination Agreement”), by and among PFDR, the Company and Serve Merger Sub, Inc., a Delaware corporation (“Serve
Merger Sub”) pursuant to which, among other things, Serve Merger Sub will merge with and into the Company (the “Merger”),
with the Company as the surviving company in the Merger and, after giving effect to such Merger, becoming a wholly-owned subsidiary of
PFDR, on the terms and subject to the conditions therein (the transactions contemplated by the Amended and Restated Business Combination
Agreement, including the Merger, the “Transaction”).

 

In
connection with the Transaction, PFDR and the Company are seeking commitments from interested investors to purchase, following the Domestication,
immediately prior to but contingent upon the closing of the Transaction, shares of PFDR’s
common stock, par value $0.00001 per share (the “Shares”), in a private placement for a purchase price of $10.00 per
share (the “Per Share Purchase Price”). 

 

The
Company, PFDR and the Investor entered into a Subscription Agreement (the “Original Subscription Agreement”),
dated July 15, 2021, pursuant to which the Investor agreed to purchase up to $[   ] of shares of common stock of the
Company for a purchase price of $10.00 per share, in connection with the Business Combination Agreement dated as of July 15, 2021,
pursuant to which, among other things, following the occurrence of a pre-closing reorganization of the Company, (a) Stronghold
Merger Sub, Cayman Islands exempted company, would merge with and into PFDR (the “First Merger”), with PFDR as
the surviving company in the First Merger, and, (b) promptly following the First Merger, PFDR would merge with and into the Company,
with the Company as the surviving company. In connection with the entry into the Amended and Restated Business Combination
Agreement, the parties wish to amend and restate the Original Subscription Agreement (which, for the avoidance of doubt, is hereby
superseded and replaced in its entirety with this Subscription Agreement), as contemplated by Section 11(f) of the Original
Subscription Agreement.

 

On
or about the date of this Subscription Agreement, PFDR is entering into amended and restated subscription agreements (the “Other
Subscription Agreements” and together with the Subscription Agreement, the “Subscription Agreements”) substantially
similar to this Subscription Agreement with certain other investors (the “Other Investors” and, together with the
Investor, the “Investors”), severally and not jointly, pursuant to which the Investors, severally and not jointly,
have agreed to purchase on the closing date of the Transaction, inclusive of the Shares subscribed for by the Investor, an aggregate
amount of up to 1,037,500 Shares, at the Per Share Purchase Price.

 

Prior
to the closing of the Transaction (and as more fully described in the Amended and Restated Business Combination Agreement), PFDR
intends to transfer by way of continuation from the Cayman Islands to Delaware and domesticate as a Delaware corporation in
accordance with Section 388 of the Delaware General Corporation Law and Part XII of the Cayman Islands Companies Act (as revised), pursuant
to which PFDR’s jurisdiction of incorporation will be changed from the Cayman Islands to the State of Delaware (the
“Domestication”).

 

    	 

    	Confidential

    

 

The
aggregate purchase price to be paid by the Investor for the subscribed Shares (as set forth on the signature page hereto), which shall
be reduced if and as necessary so that Investor, in its reasonable discretion, may ensure that its acquisition of voting securities of
PFDR pursuant to this Subscription Agreement will be exempt from the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the rules
and regulations promulgated thereunder pursuant to 15 U.S.C. § 18a(c)(10), is referred to herein as the “Subscription Amount.”

 

In
connection therewith, and in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to
the conditions, set forth herein, and intending to be legally bound hereby, each of the Investor, PFDR and the Company acknowledges and
agrees as follows:

 

1.
Subscription. The Investor hereby irrevocably subscribes for and agrees to purchase from PFDR the number of Shares set forth on
the signature page of this Subscription Agreement on the terms and subject to the conditions provided for herein. The Investor acknowledges
and agrees that PFDR reserves the right to accept or reject the Investor’s subscription for the Shares for any reason or for no
reason, in whole or in part, at any time prior to its acceptance, and the same shall be deemed to be accepted by PFDR only when this
Subscription Agreement is signed by a duly authorized person by or on behalf of the Company and PFDR; the Company and PFDR may each do
so in counterpart form. Investor acknowledges and agrees that, as a result of the Domestication, the Shares that will be purchased by
the Investor and issued by PFDR pursuant hereto shall be shares of common stock in a Delaware corporation (and not, for the avoidance
of doubt, ordinary shares in a Cayman Islands exempted company).

 

2.
Closing. The closing of the sale of the Shares contemplated hereby (the “Closing”) is contingent upon the substantially
concurrent consummation of the Transaction. The Closing shall occur on the date of, but immediately prior to the effectiveness of, the
Transaction (the date the Closing so occurs, the “Closing Date”). Upon (a) satisfaction or waiver in writing of the
conditions set forth in Section 3 below and (b) delivery of written notice from (or on behalf of) PFDR to the Investor (the “Closing
Notice”), that PFDR reasonably expects all conditions to the closing of the Transaction to be satisfied or waived on a date
that is not less than five (5) business days from the date on which the Closing Notice is delivered to the Investor, the Investor shall
deliver to PFDR, three (3) business days prior to the closing date specified in the Closing Notice, (i) the Subscription Amount by wire
transfer of United States dollars in immediately available funds to the account(s) specified by PFDR in the Closing Notice, such funds
to be held in escrow by PFDR until Closing and (ii) any other information that is reasonably requested in the Closing Notice in order
for PFDR to issue the Investor’s Shares, including, without limitation, the legal name of the person in whose name such Shares
are to be issued and a duly executed Internal Revenue Service Form W-9 or W-8, as applicable. On the Closing Date, PFDR shall (a) issue
a number of Shares to the Investor set forth on the signature page to this Subscription Agreement and subsequently cause such Shares
to be registered in book entry form, free and clear of any liens or other restrictions (other than those arising under this Subscription
Agreement or applicable securities laws), in the name of the Investor on PFDR’s share register and (b) provide evidence from its
transfer agent of the issuance of such Shares to the Investor in book entry form on and as of the Closing Date; provided, however,
that PFDR’s obligation to issue the Shares to the Investor is contingent upon PFDR having received the Subscription Amount in full
accordance with this Section 2. Notwithstanding anything herein to the contrary, in the event the Closing does not occur within five
(5) business days after the closing date specified in the Closing Notice, PFDR shall promptly (but not later than two (2) business days
thereafter) return the Subscription Amount to the Investor by wire transfer of U.S. dollars in immediately available funds to the account
specified by the Investor; provided that, unless this Subscription Agreement has been terminated pursuant to Section 9 hereof, such return
of funds shall not terminate this Subscription Agreement or relieve the Investor of its obligation to purchase the Shares at the Closing.
For purposes of this Subscription Agreement, “business day” shall mean a day, other
than a Saturday or Sunday, on which commercial banks in San Francisco, California or the governmental authorities in the Cayman Islands
are open for the general transaction of business, provided that banks shall be deemed to be generally open for the general transaction
of business in the event of a “shelter in place” or similar closure of physical branch locations at the direction of any
governmental authority if such banks’ electronic funds transfer system (including for wire transfers) are open for use by customers
on such day.

 

    2

     

    

 

3.
Closing Conditions.

 

a.
The obligation of the parties hereto to consummate the purchase, sale and issuance of the Shares pursuant to this Subscription Agreement
is subject to the following conditions:

 

(i)
(A) no applicable governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule
or regulation (whether temporary, preliminary or permanent) which is then in effect and has the effect of making the consummation of
the transactions contemplated hereby illegal or otherwise restraining or prohibiting consummation of the transactions contemplated hereby
and (B) the closing of the Transaction shall be scheduled to occur concurrently with or on the same date as the Closing;

 

(ii)
PFDR’s listing application with The Nasdaq Stock Market (“Nasdaq”) or the New York Stock Exchange (the “NYSE”)
in connection with the transactions contemplated by this Subscription Agreement shall have been conditionally approved and, immediately
following the consummation of the Transaction, PFDR’s common stock shall have been approved for issuance on Nasdaq or the NYSE,
subject only to official notice of issuance thereof;

 

(iii)
all consents, waivers, authorizations or orders of, any notice required to be made to, and any filing or registration with, any court
or other federal, state, local or other governmental authority, self-regulatory organization or other person in connection with the execution,
delivery and performance of this Subscription Agreement (including, without limitation, the issuance of the Shares) required to be made
in connection with the issuance and sale of the Shares shall have been obtained or made, except where the failure to so obtain or make
would not prevent PFDR from consummating the transaction contemplated hereby, including the issuance and sale of the Shares, and except
as would not be reasonably likely to have, individually or in the aggregate, a PFDR Material Adverse Effect (as defined below); and

 

(iv)
all conditions precedent to the closing of the Transaction under the Amended and Restated Business Combination Agreement shall have been
satisfied (as determined by the parties to the Amended and Restated Business Combination Agreement and other than those conditions under
the Amended and Restated Business Combination Agreement which, by their nature, are to be fulfilled at the closing of the Transaction,
including to the extent that any such condition is dependent upon the consummation of the purchase, sale and issuance of the Shares pursuant
to this Subscription Agreement) or waived.

 

b.
The obligation of PFDR to consummate the purchase, sale and issuance of the Shares pursuant to this Subscription Agreement shall be subject
to the conditions that (i) all representations and warranties of the Investor contained in this Subscription Agreement are true and correct
in all material respects (other than representations and warranties that are qualified as to materiality, which representations and warranties
shall be true and correct in all respects) at and as of the Closing Date (except to the extent that any such representation and warranty
expressly speaks as of an earlier date, in which case such representation and warranty shall be true and correct in all material respects
(other than representations and warranties that are qualified as to materiality, which representations and warranties shall be true and
correct in all respects) as of such earlier date), and consummation of the Closing shall constitute a reaffirmation by the Investor of
each of the representations and warranties of the Investor contained in this Subscription Agreement in all material respects as of the
Closing Date; and (ii) all obligations, covenants and agreements of the Investor required by this Subscription Agreement to be performed
by it prior to the Closing Date shall have been performed by it in all material respects. For the avoidance of doubt, any reference to
the representations and warranties contained in this Subscription Agreement and the obligations, covenants and agreements required by
this Subscription Agreement shall be solely to the representations and warranties contained in this Subscription Agreement and the obligations,
covenants and agreements required by this Subscription Agreement, as applicable, and shall not be interpreted to refer to the representations
and warranties contained in the Original Subscription Agreement or the obligations, covenants and agreements required to be performed
by the Original Subscription Agreement, as applicable.

 

    3

     

    

 

c.
The obligation of the Investor to consummate the purchase, sale and issuance of the Shares pursuant to this Subscription Agreement shall
be subject to the conditions that (i) all representations and warranties of PFDR and the Company contained in this Subscription Agreement
are true and correct in all material respects (other than representations and warranties that are qualified as to materiality, which
representations and warranties shall be true and correct in all respects) at and as of the Closing Date (except to the extent that any
such representation and warranty expressly speaks as of an earlier date, in which case such representation and warranty shall be true
and correct in all material respects (other than representations and warranties that are qualified as to materiality, which representations
and warranties shall be true and correct in all respects) as of such earlier date), and consummation of the Closing shall constitute
a reaffirmation by PFDR and the Company of each of the representations and warranties of PFDR and the Company, as applicable, contained
in this Subscription Agreement in all material respects as of the Closing Date; (ii) all obligations, covenants and agreements of PFDR
and the Company required by this Subscription Agreement to be performed by them at or prior to the Closing Date shall have been performed
in all material respects; and (iii) the Amended and Restated Business Combination Agreement shall not have been modified or amended,
in each case, in a manner that materially and adversely affects the economic benefits that the Investor (in its capacity as such) would
reasonably be expected to receive as a result of the subscription made hereby. For the avoidance of doubt, any reference to the representations
and warranties contained in this Subscription Agreement and the obligations, covenants and agreements required by this Subscription Agreement
shall be solely to the representations and warranties contained in this Subscription Agreement and the obligations, covenants and agreements
required by this Subscription Agreement, as applicable, and shall not be interpreted to refer to the representations and warranties contained
in the Original Subscription Agreement or the obligations, covenants and agreements required to be performed by the Original Subscription
Agreement, as applicable.

 

4.
Further Assurances. At or prior to the Closing Date, PFDR, the Company and the Investor shall execute and deliver or cause to
be executed and delivered such additional documents and take such additional actions as the parties reasonably may deem to be practical
and necessary in order to consummate the subscription as contemplated by this Subscription Agreement.

 

5.
PFDR Representations and Warranties. PFDR represents and warrants to the Investor that:

 

a.
PFDR is an exempted company duly formed, validly existing and in good standing under the laws of the Cayman Islands (to the extent such
concepts exist in such jurisdiction). PFDR has all power (corporate or otherwise) and authority to own, lease and operate its properties
and conduct its business as presently conducted and to enter into, deliver and perform its obligations under this Subscription Agreement.

 

b.
As of the Closing Date, the Shares will be duly authorized and, when issued and delivered to the Investor against full payment therefor
in accordance with the terms of this Subscription Agreement, the Shares will be validly issued, fully paid and non-assessable and will
not have been issued in violation of or subject to any preemptive or similar rights created under PFDR’s certificate of incorporation
and bylaws (each as adopted on the Closing Date) by contract or under the General Corporation Law of the State of Delaware, other than
such rights as have been or will have been waived prior to the Closing Date.

 

c.
This Subscription Agreement has been duly authorized, executed and delivered by PFDR and, assuming that this Subscription Agreement constitutes
the valid and binding agreement of the Company and the Investor, this Subscription Agreement is enforceable against PFDR in accordance
with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium or other laws relating to or affecting the rights of creditors generally, or (ii) principles of equity, whether considered
at law or equity.

 

d.
The execution and delivery of this Subscription Agreement, the issuance and sale of the Shares and the compliance by PFDR with all of
the provisions of this Subscription Agreement and the consummation of the transactions contemplated herein will not conflict with or
result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition
of any lien, charge or encumbrance upon any of the property or assets of PFDR or any of its subsidiaries pursuant to the terms of (i)
any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which PFDR or any of its subsidiaries
is a party or by which PFDR or any of its subsidiaries is bound or to which any of the property or assets of PFDR is subject that would
reasonably be expected to have a material adverse effect on the business, financial condition or results of operations of PFDR and its
subsidiaries, taken as a whole (a “PFDR Material Adverse Effect”) or materially affect the validity of the Shares
or the legal authority of PFDR to timely comply in all material respects with the terms of this Subscription Agreement; (ii) result in
any violation of the provisions of the organizational documents of PFDR; or (iii) result in any violation of any statute or any judgment,
order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over PFDR or any of its
properties that would reasonably be expected to have a PFDR Material Adverse Effect or materially affect the validity of the Shares or
the legal authority of PFDR to timely comply in all material respects with this Subscription Agreement.

 

    4

     

    

 

e.
As of their respective dates, all registration statements and reports, in each case, as amended (the “SEC Reports”),
required to be filed by PFDR with the U.S. Securities and Exchange Commission (the “SEC”) complied in all material
respects with the applicable requirements of the Securities Act of 1933, as amended (the “Securities Act”) and the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations of the SEC promulgated
thereunder, and none of the SEC Reports, when filed (or if amended, as of the filing of such amendment), contained any untrue statement
of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein,
in the light of the circumstances under which they were made, not misleading. The financial statements of PFDR included in the SEC Reports
comply in all material respects with applicable accounting requirements and the rules and regulations of the SEC with respect thereto
as in effect at the time of filing (or, in the case of an SEC Report that is amended, as of the date of such amendment) and fairly present
in all material respects the financial position of PFDR as of and for the dates thereof and the results of operations and cash flows
for the periods then ended, subject, in the case of unaudited financial statements, to normal, year-end audit adjustments, and such consolidated
financial statements have been prepared in conformity with United States generally accepted accounting principles applied on a consistent
basis during the periods involved (“GAAP”) (except as may be disclosed therein or in the notes thereto, and except
that the unaudited financial statements may not contain all footnotes required by GAAP). To the knowledge of PFDR, there are no material
outstanding or unresolved comments in comment letters received by PFDR from the staff of the Division of Corporation Finance of the SEC
with respect to any of the SEC Reports. A copy of each SEC Report is available to the Investor via the SEC’s EDGAR system.

 

f.
Except for (a) such matters as have not had and would not be reasonably likely to have, individually or in the aggregate, a PFDR Material
Adverse Effect and (b) any shareholder demands or other shareholder Proceedings (as defined in the Business Combination Agreement) relating
to the Business Combination, any Ancillary Document (as defined in the Business Combination Agreement) or any matters relating thereto,
filed or threatened as of the date hereof and disclosed to the Investors, there is (i) no action, suit, claim, arbitration or other proceeding,
in each case by or before any governmental authority or arbitrator pending, or to the knowledge of PFDR, threatened against PFDR or (ii)
no judgment, decree, injunction, ruling or order of any governmental entity or arbitrator outstanding against PFDR.

 

g.
PFDR is not, and immediately after receipt of payment for the Shares and the consummation of the Transaction and the transactions contemplated
by the Other Subscription Agreements will not be, an “investment company” within the meaning of the Investment Company Act
of 1940, as amended.

 

h.
PFDR has not entered into any side letter, agreement or understanding (written or oral) with any Other Investor relating to or modifying
such Other Investor’s investment in PFDR pursuant to the Other Subscription Agreements. No Other Subscription Agreement contains
terms and conditions that are materially more advantageous to any Other Investor, investor or potential investor as compared to this
Subscription Agreement. The Other Subscriptions Agreements have not been amended or modified in any material respect following the date
of this Subscription Agreement. The Other Subscription Agreements reflect the same purchase price per share as the Per Share Purchase
Price in this Subscription Agreement and do not contain any put, anti-dilution, conversion, warrant or other rights to purchase, sell,
or receive equity or debt securities or cash of PFDR, the Company or Serve Merger Sub that are not also in this Subscription Agreement
(except the number of shares of common stock to be sold and purchased pursuant to the Other Subscription Agreements).

 

i.
Assuming the accuracy of the Investor’s representations and warranties set forth in Section 7, no registration under the Securities
Act is required for the offer and sale of the Shares by PFDR to the Investor hereunder. The Shares (i) were not offered by any form of
general solicitation or general advertising and (ii) are not being offered in a manner involving a public offering under, or in a distribution
in violation of, the Securities Act, or any state securities laws.

 

    5

     

    

 

j.
As of the date hereof, the issued and outstanding Class A Ordinary Shares of PFDR are registered pursuant to Section 12(b) of the Exchange
Act, and are listed for trading on the Nasdaq under the symbol “PFDR” (it being understood that the trading symbol will be
changed in connection with the Transaction). Except as disclosed in PFDR’s filings with the SEC, as of the date hereof, there is
no suit, action, proceeding or investigation pending or, to the knowledge of PFDR, threatened against PFDR by Nasdaq or the SEC, respectively,
to prohibit or terminate the listing of PFDR’s Class A Ordinary Shares. PFDR has taken no action that is designed to terminate
the registration of the Class A Ordinary Shares under the Exchange Act, other than in connection with the Domestication and subsequent
registration under the Exchange Act of the Shares. Upon consummation of the Transaction, PFDR’s common stock will be registered
pursuant to Section 12(b) of the Exchange Act and will be listed for trading on the Nasdaq or the NYSE, and the Shares issued hereunder
will be approved for listing on the Nasdaq or the NYSE, subject to official notice of issuance.

 

k.
As of the date of this Subscription Agreement, the authorized capital stock of PFDR consists of (i) 300,000,000 Class A Ordinary Shares,
(ii) 30,000,000 Class B Ordinary Shares and (iii) 1,000,000 preference shares, each with a par value of $0.0001 per share. As of the
date of this Subscription Agreement, (A) 32,500,000 Class A Ordinary Shares of PFDR are issued and outstanding, (B) 8,125,000 Class B
Ordinary Shares of PFDR are issued and outstanding, (C) 10,750,000 warrants to purchase Class A Ordinary Shares of PFDR are issued and
outstanding, and (D) no preference shares are issued and outstanding. All (1) issued and outstanding Class A Ordinary Shares and Class
B Ordinary Shares of PFDR have been duly authorized and validly issued, are fully paid and are non-assessable and (2) issued and outstanding
warrants have been duly authorized and validly issued. Except as set forth above and pursuant to the Other Subscription Agreements, the
Amended and Restated Business Combination Agreement and the other agreements and arrangements referred to therein or in the SEC Reports,
as of the date hereof, there are no outstanding options, warrants or other rights to subscribe for, purchase or acquire from PFDR any
Class A Ordinary Shares, Class B Ordinary Shares or other equity interests in PFDR, or securities convertible into or exchangeable or
exercisable for such equity interests. As of the date hereof, PFDR has no subsidiaries, other than Serve Merger Sub, and does not own,
directly or indirectly, interests or investments (whether equity or debt) in any person, whether incorporated or unincorporated. There
are no shareholder agreements, voting trusts or other agreements or understandings to which PFDR is a party or by which it is bound relating
to the voting of any securities of PFDR, other than (1) as set forth in the SEC Reports and (2) as contemplated by the Amended and Restated
Business Combination Agreement.

 

l.
PFDR is in compliance with all applicable laws, except where such noncompliance would not reasonably be expected to have, individually
or in the aggregate, a PFDR Material Adverse Effect. PFDR has not received any written communication from a governmental authority that
alleges that PFDR is not in compliance with or is in default or violation of any applicable law, except where such non-compliance, default
or violation would not reasonably be expected to have a PFDR Material Adverse Effect.

 

m.
Neither PFDR nor any of its officers, directors, or employees, or to PFDR’s knowledge, any of their other representatives is
or has been, since July 1, 2018, (1) a person named on any Sanctions and Export Control Laws-related list of designated persons maintained
by a governmental entity; (2) located, organized or resident in a country or territory which is (or the government of which is) itself
the subject of or target of comprehensive Sanctions and Export Control Laws (at the time of this Subscription Agreement, the Crimea region
of Ukraine, Cuba, Iran, North Korea, Venezuela, and Syria); (3) an entity fifty percent (50%) or more-owned, directly or indirectly,
by one or more persons described in clause (1) or (2); or (4) otherwise engaging in dealings with or
for the benefit of any Person described in clauses (1) - (3), in each case in violation of applicable
Sanctions and Export Control Laws or the anti-boycott Laws administered by the U.S. Department of Commerce and the U.S. Department of
Treasury’s Internal Revenue Service. For purposes of this Subscription Agreement, “Sanctions and Export Control Laws”
means any applicable Law related to (a) import and export controls, including the U.S. Export Administration Regulations, (b) economic
sanctions, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department
of State, the European Union, any European Union Member State, the United Nations, and Her Majesty’s Treasury of the United Kingdom
or (c) anti-boycott measures.

 

n.
Neither PFDR nor any of its officers, directors, or employees, or to PFDR’s knowledge, any of their other representatives has (i)
made, offered, promised, paid or received any unlawful bribes, kickbacks or other similar payments to or from any person, (ii) made or
paid any contributions, directly or indirectly, to a domestic or foreign political party or candidate or any other person for any improper
purpose or (iii) otherwise made, offered, received, authorized, promised or paid any improper payment, in each case in violation of any
applicable anti-corruption laws.

 

    6

     

    

 

o.
Other than the placement agents identified in Section 7, PFDR has not engaged any broker, finder, commission agent, placement agent or
arranger in connection with the sale of the Shares, and PFDR is not under any obligation to pay any broker’s fee or commission
in connection with the sale of the Shares other than to such placement agents.

 

6.
Company Representations and Warranties. The Company represents and warrants to the Investor that:

 

a.
The Company is duly formed, validly existing and in good standing under the laws of the state of Delaware. The Company has all power
(corporate or otherwise) and authority to own, lease and operate its properties and conduct its business as presently conducted and to
enter into, deliver and perform its obligations under this Subscription Agreement.

 

b.
This Subscription Agreement has been duly authorized, executed and delivered by the Company and, assuming that this Subscription Agreement
constitutes the valid and binding agreement of PFDR and the Investor, this Subscription Agreement is enforceable against the Company
in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium or other laws relating to or affecting the rights of creditors generally, or (ii) principles of equity, whether considered
at law or equity.

 

c.
The execution and delivery of the Subscription Agreement and the compliance by the Company with all of the provisions of this Subscription
Agreement and the consummation of the transactions contemplated herein will not conflict with or result in a breach or violation of any
of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance
upon any of the property or assets of the Company or any of its subsidiaries pursuant to the terms of (i) any indenture, mortgage, deed
of trust, loan agreement, lease, license or other agreement or instrument to which the Company or any of its subsidiaries is a party
or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or any of its subsidiaries
is subject that would reasonably be expected to have a material adverse effect on the business, financial condition or results of operations
of the Company and its subsidiaries, taken as a whole (a “Company Material Adverse Effect”) or materially affect the
validity of the Shares or the legal authority of the Company to timely comply in all material respects with the terms of this Subscription
Agreement; (ii) result in any violation of the provisions of the organizational documents of the Company; or (iii) result in any violation
of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction
over the Company or any of its properties that would reasonably be expected to have a Company Material Adverse Effect or materially affect
the validity of the Shares or the legal authority of the Company to timely comply in all material respects with this Subscription Agreement.

 

d.
Except for (a) such matters as have not had and would not be reasonably likely to have, individually or in the aggregate, a Company Material
Adverse Effect and (b) any shareholder demands or other shareholder Proceedings (as defined in the Business Combination Agreement) relating
to the Business Combination, any Ancillary Document (as defined in the Business Combination Agreement) or any matters relating thereto,
filed or threatened as of the date hereof and disclosed to the Investors, there is no (i) action, suit, claim, arbitration or other proceeding,
in each case by or before any governmental authority or arbitrator pending, or, to the knowledge of the Company, threatened against the
Company or (ii) judgment, decree, injunction, ruling or order of any governmental entity or arbitrator outstanding against the Company.

 

e.
The Company is in compliance with all applicable laws, except where such noncompliance would not reasonably be expected to have, individually
or in the aggregate, a Company Material Adverse Effect. The Company has not received any written communication from a governmental authority
that alleges that the Company is not in compliance with or is in default or violation of any applicable law, except where such non-compliance,
default or violation would not reasonably be expected to have a Company Material Adverse Effect.

 

f.
The Company is not, and immediately after the consummation of the Transaction and the transactions contemplated by the Other Subscription
Agreements will not be, an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

 

    7

     

    

 

g.
Neither the Company nor, any of its officers, directors, or employees, or to the Company’s knowledge, any of their other representatives is
or has been, since July 1, 2018, (1) a person named on any Sanctions and Export Control Laws-related list of designated persons maintained
by a governmental entity; (2) located, organized or resident in a country or territory which is (or the government of which is) itself
the subject of or target of comprehensive Sanctions and Export Control Laws (at the time of this Agreement, the Crimea region of Ukraine,
Cuba, Iran, North Korea, Venezuela, and Syria); (3) an entity fifty percent (50%) or more-owned, directly or indirectly, by one or more
persons described in clause (1) or (2); or (4) otherwise engaging in dealings with or for the benefit of any Person
described in clauses (1) - (3), in each case in violation of applicable Sanctions and Export Control Laws or the anti-boycott
Laws administered by the U.S. Department of Commerce and the U.S. Department of Treasury’s Internal Revenue Service.

 

h.
Neither the Company nor, any of its officers, directors, or employees, or to the Company’s knowledge, any of their other representatives
has (i) made, offered, promised, paid or received any unlawful bribes, kickbacks or other similar payments to or from any person, (ii)
made or paid any contributions, directly or indirectly, to a domestic or foreign political party or candidate or any other person for
any improper purpose or (iii) otherwise made, offered, received, authorized, promised or paid any improper payment, in each case in violation
of any applicable anti-corruption laws.

 

i.
The Company has not entered into any side letter, agreement or understanding (written or oral) with any Other Investor relating to or
modifying such Other Investor’s investment in the Company pursuant to the Other Subscription Agreement. No Other Subscription Agreement
contains terms and conditions that are materially more advantageous to any Other Investor, investor or potential investor as compared
to this Subscription Agreement. The Other Subscriptions Agreements have not been amended or modified in any material respect following
the date of this Subscription Agreement. The Other Subscription Agreements reflect the same purchase price per share as the Per Share
Purchase Price in this Subscription Agreement and do not contain any put, anti-dilution, conversion, warrant or other rights to purchase,
sell, or receive equity or debt securities or cash of PFDR, the Company or Serve Merger Sub that are not also in this Subscription Agreement
(except the number of shares of common stock to be sold and purchased pursuant to the Other Subscription Agreements).

 

7.
Investor Representations and Warranties. The Investor represents and warrants to PFDR and the Company that:

 

a.
The Investor, or each of the funds managed by or affiliated with the Investor for which the Investor is acting as nominee, as applicable,
(i) is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act), or an institutional “accredited
investor” (as described in Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13) under the Securities Act), in each case, satisfying
the applicable requirements set forth on Schedule A, (ii) is acquiring its entire beneficial ownership interest in the Shares
for its own account (or if the Investor is subscribing for the Shares as a fiduciary or agent for one or more investor accounts, each
owner of such account is a qualified institutional buyer, and the Investor has full investment discretion with respect to each such account,
and the full power and authority to make the acknowledgements, representations, warranties and agreements made herein on behalf of each
owner of each such account), and (iii) is not acquiring the Shares with a view to, or for offer or sale in connection with, any distribution
thereof in violation of the Securities Act (and shall provide the requested information set forth on Schedule A). Accordingly,
the Investor understands that the offering meets the exemptions from filing under FINRA Rule 5123(b)(1)(C) or (J).

 

b.
The Investor is not an entity formed for the specific purpose of acquiring the Shares. The Investor (i) is an institutional account as
defined in FINRA Rule 4512(c), (ii) is a sophisticated investor, experienced in investing in private equity transactions and capable
of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving
a security or securities, including its participation in the Transaction and (iii) has exercised independent judgment in evaluating its
participation in the purchase of the Shares without reliance on Deutsche Bank Securities Inc. (“Deutsche Bank”), Citigroup
Global Markets Inc. (“Citi”), William Blair & Company, L.L.C. (“William Blair”), Stifel, Nicolaus
& Company, Incorporated (“Stifel”), and RBC Capital Markets, LLC (“RBC”) or any of their respective
affiliates (collectively, the “Placement Agents”). Accordingly, the Investor understands that the offering meets (i)
the exemptions from filing under FINRA Rule 5123(b)(1)(A) and (ii) the institutional customer exemption under FINRA Rule 2111(b).

 

    8

     

    

 

c.
The Investor acknowledges and agrees that the Shares are being offered in a transaction not involving any public offering within the
meaning of the Securities Act and that the offer and sale of the Shares have not been registered under the Securities Act. The Investor
acknowledges and agrees that the Shares may not be offered, resold, transferred, pledged or otherwise disposed of by the Investor absent
an effective registration statement under the Securities Act except (i) to PFDR or a subsidiary thereof, (ii) to non-U.S. persons pursuant
to offers and sales that occur outside the United States within the meaning of Regulation S under the Securities Act or (iii) pursuant
to another applicable exemption from the registration requirements of the Securities Act, and in each of clauses (i) and (iii) in accordance
with any applicable securities laws of the states and other jurisdictions of the United States, and that any book entry for the Shares
or certificates representing the Shares shall contain a notation or restrictive legend, as applicable, to such effect. The Investor acknowledges
and agrees that the Shares will be subject to transfer restrictions and, as a result of these transfer restrictions, the Investor may
not be able to readily offer, resell, transfer, pledge or otherwise dispose of the Shares and may be required to bear the financial risk
of an investment in the Shares for an indefinite period of time. The Investor acknowledges and agrees that the Shares will not be eligible
for offer, resale, transfer, pledge or disposition pursuant to Rule 144 promulgated under the Securities Act until at least one year
from the date that PFDR files a Current Report on Form 8-K following the Closing Date that includes the “Form 10” information
required under applicable SEC rules and regulations. The Investor shall not engage in hedging transactions with regard to the Shares
unless in compliance with the Securities Act. The Investor acknowledges and agrees that it has been advised to consult legal counsel
and tax and accounting advisors prior to making any offer, resale, transfer, pledge or disposition of any of the Shares.

 

d.
The Investor acknowledges and agrees that the Investor is purchasing the Shares directly from PFDR. The Investor further acknowledges
that there have been no representations, warranties, covenants and agreements made to the Investor by or on behalf of PFDR, the Company,
any of their respective affiliates or any control persons, officers, directors, employees, partners, agents or representatives of any
of the foregoing or any other person or entity, expressly or by implication, other than those representations, warranties, covenants
and agreements of PFDR expressly set forth in Section 5 and of the Company expressly set forth in Section 6 of this Subscription Agreement.
Except for the representations, warranties and agreements of PFDR and the Company expressly set forth herein, the Investor is relying
exclusively on its own sources of information, investment analysis and due diligence (including professional advice it deems appropriate)
with respect to the Transaction, the Shares and the business, condition (financial and otherwise), management, operations, properties
and prospects of PFDR and the Company, including but not limited to all business, legal, regulatory, accounting, credit and tax matters.

 

e.
The Investor’s acquisition and holding of the Shares will not constitute or result in a non-exempt prohibited transaction under
Section 406 of the Employee Retirement Income Security Act of 1974, as amended, Section 4975 of the Internal Revenue Code of 1986, as
amended, or any applicable similar law.

 

f.
The Investor acknowledges and agrees that the Investor has received such information as the Investor deems necessary in order to make
an investment decision with respect to the Shares, including the Transaction and the business of the Company, PFDR and their respective
subsidiaries. Without limiting the generality of the foregoing, the Investor acknowledges that it has reviewed PFDR’s filings with
the SEC. The Investor acknowledges and agrees that the Investor and the Investor’s professional advisor(s), if any, have had the
full opportunity to ask such questions, receive such answers and obtain such information as the Investor and such Investor’s professional
advisor(s), if any, have deemed necessary to make an investment decision with respect to the Shares. The Investor has received, reviewed
and understood the offering materials made available to it in connection with the Transaction, has made its own assessment and has satisfied
itself concerning the relevant tax and other economic considerations relevant to its investment in the Shares. The Investor acknowledges
that as part of the Transaction PFDR is expected to file a registration statement under the Securities Act, including a preliminary prospectus
and proxy statement (the “Transaction Proxy”), which will contain additional information about the Transaction, the
Company and PFDR which the Investor will not have the opportunity to review prior to entering this Subscription Agreement.

 

    9

     

    

 

g.
The Investor became aware of this offering of the Shares solely by means of direct contact between the Investor, PFDR, the Company or
a representative of PFDR or the Company, and the Shares were offered to the Investor solely by direct contact between the Investor, PFDR,
the Company or a representative of PFDR or the Company. The Investor did not become aware of this offering of the Shares, nor were the
Shares offered to the Investor, by any other means. The Investor acknowledges that the Shares (i) were not offered by any form of general
solicitation or general advertising and (ii) are not being offered in a manner involving a public offering under, or in a distribution
in violation of, the Securities Act, or any state securities laws. The Investor acknowledges that (i) it is not relying upon, and has
not relied upon, any statement, representation or warranty made by any person, firm or corporation (including, without limitation, PFDR,
the Company, the Placement Agents, any of their respective affiliates or any control persons, officers, directors, employees, partners,
agents or representatives of any of the foregoing), other than the representations and warranties of PFDR contained in Section 5 and
of the Company in Section 6 of this Subscription Agreement, in making its investment or decision to invest in PFDR and (ii) the Placement
Agents will have no responsibility with respect to (A) any representations, warranties or agreements made by any person or entity under
or in connection with the Transaction or any of the documents furnished pursuant thereto or in connection therewith, or the execution,
legality, validity or enforceability (with respect to any person) or any provisions thereof, or (B) the business, condition (financial
or otherwise), operations, properties or prospects of, or any other matter concerning PFDR, the Company or the Transaction.

 

h.
The Investor acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares, including
those set forth in PFDR’s filings with the SEC and those which will be set forth in the Transaction Proxy. The Investor is able
to fend for itself in the transactions contemplated herein; has such knowledge and experience in financial and business matters as to
be capable of evaluating the merits and risks of its prospective investment in the Shares; and has the ability to bear the economic risks
of its prospective investment and can afford the complete loss of such investment. The Investor has determined based on its own independent
review and such professional advice as it deems appropriate that its purchase of the Shares and participation in the Transaction (i)
are fully consistent with its financial needs, objectives and condition, (ii) comply and are fully consistent with all investment policies,
guidelines and other restrictions applicable to it, (iii) have been duly authorized and approved by all necessary action, (iv) do not
and will not violate or constitute a default under its charter, by-laws or other constituent document or under any law, rule, regulation,
agreement or other obligation by which it is bound and (v) are a fit, proper and suitable investment for the Investor, notwithstanding
the substantial risks inherent in investing in or holding the Shares. The Investor will not look to the Placement Agents for all or part
of any such loss or losses the Investor may suffer, is able to sustain a complete loss on its investment in the Shares, has no need for
liquidity with respect to its investment in the Shares and has no reason to anticipate any change in circumstances, financial or otherwise,
which may cause or require any sale or distribution of all or any part of the Shares.

 

i.
Alone, or together with any professional advisor(s), the Investor has adequately analyzed and fully considered the risks of an investment
in the Shares and determined that the Shares are a suitable investment for the Investor and that the Investor is able at this time and
in the foreseeable future to bear the economic risk of a total loss of the Investor’s investment in PFDR. The Investor acknowledges
specifically that a possibility of total loss exists.

 

j.
In making its decision to purchase the Shares, the Investor has relied solely upon independent investigation made by the Investor and
the representations and warranties of PFDR and the Company in this Subscription Agreement. Without limiting the generality of the foregoing,
the Investor has not relied on any statements or other information provided by or on behalf of any of the Placement Agents or any of
their respective affiliates or any control persons, officers, directors, employees, partners, agents or representatives of any of the
foregoing concerning PFDR, the Company, the Transaction, the Amended and Restated Business Combination Agreement, this Subscription Agreement
or the transactions contemplated hereby or thereby, the Shares or the offer and sale of the Shares.

 

k.
The Investor acknowledges that the Placement Agents: (i) have not provided the Investor with any information or advice with respect to
the Shares, (ii) have not made or make any representation, express or implied as to PFDR, the Company, the Company’s credit quality,
the Shares or the Investor’s purchase of the Shares and have not provided any advice or recommendation in connection with the Transaction,
(iii) are acting solely as placement agents in connection with the Transaction and are not acting as an underwriter or in any other capacity
and are not and shall not be construed as a fiduciary for the Investor, the Company, PFDR or any other person or entity in connection
with the purchase of Shares, and (iv) may have existing or future business relationships with PFDR and the Company (including, but not
limited to, lending, depository, risk management, advisory and banking relationships) and will pursue actions and take steps that it
deems or they deem necessary or appropriate to protect its or their interests arising therefrom without regard to the consequences for
a holder of Shares, and that certain of these actions may have material and adverse consequences for a holder of Shares.

 

    10

     

    

 

l.
The Investor acknowledges that it has not relied on the Placement Agents in connection with its determination as to the legality of its
acquisition of the Shares or as to the other matters referred to herein and the Investor has not relied on any investigation that the
Placement Agents, any of their affiliates or any person acting on their behalf have conducted with respect to the Shares, PFDR or the
Company. The Investor further acknowledges that it has not relied on any information contained in any research reports prepared by the
Placement Agents or any of their affiliates.

 

m.
The Investor acknowledges and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the Shares
or made any findings or determination as to the fairness of this investment.

 

n.
The Investor, if not an individual, has been duly formed or incorporated and is validly existing and is in good standing under the laws
of its jurisdiction of formation or incorporation, with power and authority to enter into, deliver and perform its obligations under
this Subscription Agreement.

 

o.
The execution, delivery and performance by the Investor of this Subscription Agreement are within the powers of the Investor, have been
duly authorized and will not constitute or result in a breach or default under or conflict with any order, ruling or regulation of any
court or other tribunal or of any governmental commission or agency, or any material agreement or other undertaking, to which the Investor
is a party or by which the Investor is bound, and, if the Investor is not an individual, will not conflict with or violate any provisions
of the Investor’s organizational documents, including, without limitation, its incorporation or formation papers, bylaws, indenture
of trust or partnership or operating agreement, as may be applicable. The signature on this Subscription Agreement is genuine, and signatory,
if the Investor is an individual, has legal compliance and capacity to execute the same or, if the Investor is not an individual, the
signatory has been duly authorized to execute the same, and, assuming that this Subscription Agreement constitutes the valid and binding
obligation of PFDR and the Company, this Subscription Agreement constitutes a legal, valid and binding obligation of the Investor, enforceable
against the Investor in accordance with its terms except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally, and (ii) principles
of equity, whether considered at law or equity.

 

p.
The Investor is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked Persons administered by the
U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive Order issued by the
President of the United States and administered by OFAC (“OFAC List”), or a person or entity prohibited by any OFAC
sanctions program, (ii) owned, directly or indirectly, or controlled by, or acting on behalf of, one or more persons that are named on
the OFAC List; (iii) organized, incorporated, established, located, resident or born in, or a citizen, national or the government, including
any political subdivision, agency or instrumentality thereof, of, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine or any
other country or territory embargoed or subject to substantial trade restrictions by the United States, (iv) a Designated National as
defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515, or (v) a non-U.S. shell bank or providing banking services indirectly
to a non-U.S. shell bank (each, a “Prohibited Investor”). The Investor agrees to provide law enforcement agencies,
if requested thereby, such records as required by applicable law, provided that the Investor is permitted to do so under applicable law.
If the Investor is a financial institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.), as amended by the USA PATRIOT
Act of 2001, and its implementing regulations (collectively, the “BSA/PATRIOT Act”), the Investor maintains policies
and procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act. To the extent required, it maintains
policies and procedures reasonably designed to ensure compliance with OFAC-administered sanctions programs, including for the screening
of its investors against the OFAC sanctions programs, including the OFAC List. To the extent required by applicable law, the Investor
maintains policies and procedures reasonably designed to ensure that the funds held by the Investor and used to purchase the Shares were
legally derived and were not obtained, directly or indirectly, from a Prohibited Investor.

 

q.
No disclosure or offering document has been prepared by the Placement Agents in connection with the offer and sale of the Shares.

 

    11

     

    

 

r.
None of the Placement Agents, nor any of their respective affiliates nor any control persons, officers, directors, employees, partners,
agents or representatives of any of the foregoing have made any independent investigation with respect to PFDR, the Company or its subsidiaries
or any of their respective businesses, or the Shares or the accuracy, completeness or adequacy of any information supplied to the Investor
by PFDR or the Company.

 

s.
In connection with the purchase, sale and issuance of the Shares, no Placement Agent has acted as the Investor’s financial advisor
or fiduciary.

 

t.
The Investor is aware that Citigroup Global Markets Inc. is acting as one of PFDR’s placement agents and is also acting as financial
advisor to the Company in connection with the Transaction. The Investor (for itself and for each account for which such Investor is acquiring
Shares) is aware that (x) Deutsche Bank, Citi, William Blair, Stifel and RBC are acting as placement agents for PFDR, that Deutsche Bank
is acting as capital markets advisor to PFDR in connection with the potential Business Combination, and Citi or its affiliate is acting
as capital markets advisor and financial advisor to the Company in connection with the Business Combination and (y) Deutsche Bank, Stifel
and RBC will receive deferred underwriting commissions (the “Deferred Underwriting Commissions”) as disclosed in PFDR’s
prospectus, dated February 16, 2021 upon the closing of the Business Combination.

 

u.
The Investor acknowledges that certain information provided to it was based on projections, and such projections were prepared based
on assumptions and estimates that are inherently uncertain and are subject to a wide variety of significant business, economic and competitive
risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The Investor acknowledges
that such information and projections were prepared without the participation of the Placement Agents and that the Placement Agents do
not assume responsibility for independent verification of, or the accuracy or completeness of, such information or projections.

 

v.
The Investor has or has commitments to have and, when required to deliver payment to PFDR pursuant
to Section 2 above, will have, sufficient funds to pay the Subscription Amount and consummate the purchase and sale of the Shares pursuant
to this Subscription Agreement.

 

    12

     

    

 

8.
Registration Rights.

 

a.
In the event that the Shares are not registered in connection with the consummation of the Transaction, PFDR agrees that, within thirty
(30) calendar days after the Closing Date, it will file with the SEC (at its sole cost and expense) a registration statement registering
the resale of the Shares (the “Registration Statement”), and it shall use its commercially reasonable efforts to have
the Registration Statement declared effective as soon as practicable after the filing thereof, but no later than the earlier of (i) ninety
(90) calendar days after the filing thereof (or one hundred twenty (120) calendar days after
the filing thereof if the SEC notifies PFDR that it will “review” the Registration Statement) and (ii) ten (10) business
days after PFDR is notified (orally or in writing, whichever is earlier) by the SEC that the Registration Statement will not be “reviewed”
or will not be subject to further review. In connection with the foregoing, Investor shall not be required to execute any lock-up or
similar agreement or otherwise be subject to any contractual restriction on the ability to transfer the Shares. PFDR agrees to cause
such Registration Statement, or another shelf registration statement that includes the Shares to be sold pursuant to this Subscription
Agreement, to remain effective until the earliest of (i) the fourth anniversary of the Closing, (ii) the date on which the Investor ceases
to hold any Shares issued pursuant to this Subscription Agreement, or (iii) the first date on which the Investor is able to sell all
of its Shares issued pursuant to this Subscription Agreement (or shares received in exchange therefor) under Rule 144 promulgated under
the Securities Act (“Rule 144”) within 90 days without the public information, volume or manner of sale limitations
of such rule (such date, the “End Date”). Prior to the End Date, PFDR will use commercially reasonable efforts to qualify
the Shares for listing on the applicable stock exchange. In no event shall the Investor be identified as a statutory underwriter in the
Registration Statement unless requested by the SEC; provided that if the SEC requests that the Investor be identified as a statutory
underwriter in the Registration Statement, the Investor will have an opportunity to withdraw its Shares from the Registration Statement.
Notwithstanding the foregoing, if the SEC prevents PFDR from including any or all of the shares proposed to be registered under the Registration
Statement due to limitations on the use of Rule 415 of the Securities Act for the resale of the Shares by the applicable shareholders
or otherwise (and notwithstanding that PFDR used diligent efforts to advocate with the staff of the SEC for the registration of all or
a greater part of the Shares), such Registration Statement shall register for resale such number of Shares which is equal to the maximum
number of Shares as is permitted by the SEC. In such event, the number of Shares to be registered for each selling shareholder named
in the Registration Statement shall be reduced pro rata among all such selling shareholders and as promptly as practicable after being
permitted to register additional Shares under Rule 415 under the Securities Act, PFDR shall amend the Registration Statement or file
a new Registration Statement to register such Shares not included in the initial Registration Statement and use its commercially reasonable
efforts to cause such amendment or Registration Statement to become effective as promptly as practicable. The Investor agrees to disclose
its ownership to PFDR upon request to assist it in making the determination with respect to Rule 144 described in clause (iii) above.
PFDR may amend the Registration Statement so as to convert the Registration Statement to a Registration Statement on Form S-3 at such
time after PFDR becomes eligible to use such Form S-3. The Investor acknowledges and agrees that PFDR may suspend the use of any such
registration statement if the Board of Directors of PFDR determines, in good faith and upon the advice of external legal counsel, that
in order for such registration statement not to contain a material misstatement or omission, an amendment thereto would be needed to
include information that would at that time not otherwise be required in a current, quarterly, or annual report under the Exchange Act,
provided, that, (I) PFDR shall not so delay filing or so suspend the use of the Registration Statement for a period of more than
sixty (60) consecutive days or more than a total of one hundred-twenty (120) calendar days in any three hundred sixty (360) day period
and (II) PFDR shall use commercially reasonable efforts to make such Registration Statement available for the sale by the Investor of
such securities as soon as practicable. PFDR’s obligations to include the Shares issued pursuant to this Subscription Agreement
(or shares issued in exchange therefor) for resale in the Registration Statement are contingent upon the Investor furnishing in writing
to PFDR such information regarding the Investor, the securities of PFDR held by the Investor and the intended method of disposition of
such Shares, which shall be limited to non-underwritten public offerings, as shall be reasonably requested by PFDR to effect the registration
of such Shares, and shall execute such documents in connection with such registration as PFDR may reasonably request that are customary
of a selling stockholder in similar situations. PFDR shall use its commercially reasonable efforts to provide a draft of the Registration
Statement to the Investor for review at least two (2) business days in advance of filing the Registration Statement; provided that, for
the avoidance of doubt, in no event shall PFDR be required to delay or postpone the filing of such Registration Statement as a result
of or in connection with the Investor’s review.

 

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b.
If the Shares are either eligible to be sold (A) pursuant to an effective Registration Statement or (B) without restriction under
Rule 144, then at the Investor’s request, PFDR shall use its commercially reasonable efforts to cause its transfer agent to remove
any remaining restrictive legend set forth on such Shares. In connection therewith, if required by PFDR’s transfer agent, PFDR
will promptly use its commercially reasonable efforts to cause an opinion of counsel to be delivered to and maintained with its transfer
agent, together with any other authorizations, certificates and directions required by the transfer agent that authorize and direct the
transfer agent to issue such shares without any such legend; provided, that Investor shall promptly provide such representation
letters as may be reasonably requested by PFDR’s counsel in support of such opinion.

 

c.
PFDR shall advise the Investor within two (2) business days: (i) when a Registration Statement or any post-effective amendment thereto
has become effective, (ii) of the issuance by the SEC of any stop order suspending the effectiveness of any Registration Statement or
the initiation of any proceedings for such purpose, (iii) of the receipt by PFDR of any notification with respect to the suspension of
the qualification of the Shares included therein for sale in any jurisdiction or the initiation or threatening of any proceeding for
such purpose, and (iv) subject to the provisions in this Subscription Agreement, of the occurrence of any event that requires the making
of any changes in any Registration Statement or prospectus so that, as of such date, the statements therein are not misleading and do
not omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus,
in the light of the circumstances under which they were made) not misleading. Upon receipt of any written notice from PFDR (which notice
shall not contain any material non-public information regarding PFDR) of the happening of any event contemplated in clauses (ii) through
(vi) above during the period that the Registration Statement is effective, the undersigned agrees that (1) it will immediately discontinue
offers and sales of the Shares under the Registration Statement (excluding, for the avoidance of doubt, sales conducted pursuant to Rule
144) until the undersigned receives copies of a supplemental or amended prospectus (which PFDR agrees to promptly prepare) that corrects
the misstatement(s) or omission(s) referred to above and receives notice that any post-effective amendment has become effective or unless
otherwise notified by PFDR that it may resume such offers and sales, and (2) it will maintain the confidentiality of any information
included in such written notice delivered by PFDR except (A) for disclosure to the Investor’s employees, affiliates, agents and
professional advisers who need to know such information and are obligated to keep it confidential, (B) for disclosures to the extent
required in order to comply with reporting obligations to its limited partners who have agreed to keep such information confidential
and (C) as required by law or subpoena. PFDR shall use its commercially reasonable efforts to obtain the withdrawal of any order suspending
the effectiveness of any Registration Statement as soon as reasonably practicable. Upon the occurrence of any event contemplated in clauses
(ii) through (iv) above, except for such times as PFDR is permitted hereunder to suspend, and has suspended, the use of a prospectus
forming part of a Registration Statement, PFDR shall use its commercially reasonable efforts to as soon as reasonably practicable prepare
a post-effective amendment to such Registration Statement or a supplement to the related prospectus, or file any other required document
so that, as thereafter delivered to purchasers of the Shares included therein, such prospectus will not include any untrue statement
of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading.

 

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d.
For purposes of this Section 8, “Shares” shall mean, as of the date of any determination, the Shares acquired by the
Investor pursuant to this Subscription Agreement and any other equity security issued or issuable with respect to such Shares by way
of stock split, dividend, distribution, recapitalization, merger, exchange, replacement or similar event.

 

e.
Indemnification

 

(i)
PFDR agrees, notwithstanding any termination of this Subscription Agreement, to indemnify and hold harmless, to the extent permitted
by law and to the extent a seller under the Registration Statement, the Investor, its directors, officers, employees, and agents, and
each person who controls the Investor (within the meaning of Section 15 of the Securities Act or Section 20 the Exchange Act) and each
affiliate of the Investor (within the meaning of Rule 405 under the Securities Act) from and against any and all losses, claims, damages,
liabilities and expenses (including, without limitation, any reasonable attorneys’ fees and expenses incurred in connection with
defending or investigating any such action or claim) (“Losses”) caused by or based upon (A) any untrue or alleged
untrue statement of material fact contained in any Registration Statement, prospectus included in any Registration Statement (“Prospectus”)
or preliminary Prospectus or any amendment thereof 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 (in the case of any Prospectus or preliminary Prospectus or amendment
thereof or supplement thereto, in light of the circumstances in which they were made) not misleading, or (B) any violation or alleged
violation by PFDR of the Securities Act, Exchange Act or any state securities law or any rule or regulation thereunder, in connection
with the performance of its obligations under this Subscription Agreement, except insofar and to the extent, but only to the extent,
that such untrue statements, alleged untrue statements, omissions or alleged omissions are based solely on information regarding the
Investor furnished in writing to PFDR by or on behalf of the Investor expressly for use therein; provided, however, that the indemnification
contained in this Section 8(e)(i) shall not apply to amounts paid in settlement of any Losses if such settlement is effected without
the consent of PFDR (which consent shall not be unreasonably withheld, conditioned or delayed), nor shall PFDR be liable for any Losses
to the extent they arise out of or are based upon a violation which occurs in reliance upon and in conformity with written information
furnished by the Investor to PFDR.

 

(ii)
The Investor agrees, severally and not jointly with any other person that is a party to the Other Subscription Agreements, to indemnify
and hold harmless PFDR, its directors, officers, employees and agents and each person who controls PFDR (within the meaning of Section
15 of the Securities Act or Section 20 of the Exchange Act) against any Losses arising out of or that are based upon any untrue statement
of material fact contained in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement
thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of
any Prospectus or preliminary Prospectus or amendment thereof or supplement thereto, in light of the circumstances in which they were
made) not misleading, to the extent, but only to the extent, that such untrue statement, alleged untrue statement, omissions or alleged
omissions are based solely upon information regarding the Investor furnished in writing to PFDR by or on behalf of the Investor expressly
for use in the Registration Statement or a Prospectus; provided, however, that the indemnification contained in this Section 8(e)(ii)
shall not apply to amounts paid in settlement of any Losses if such settlement is effected without the consent of such Investor (which
consent shall

not
be unreasonably withheld, conditioned or delayed). In no event shall the liability of such Investor be greater in amount than the dollar
amount of the net proceeds received by such Investor upon the sale of the Shares giving rise to such indemnification obligation.

 

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(iii)
If the indemnification provided under this Section 8 from the Indemnifying Party is unavailable or insufficient to hold harmless
an indemnified party in respect of any Losses, then the Indemnifying Party, in lieu of indemnifying the indemnified party, shall contribute
to the amount paid or payable by the indemnified party as a result of such Losses in such proportion as is appropriate to reflect the
relative fault of the indemnifying party and the indemnified party, as well as any other relevant equitable considerations. The relative
fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action in
question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact,
was made by, or relates to information supplied by (or not supplied by, in the case of an omission or alleged omission), such Indemnifying
Party or Indemnified Party, and the Indemnifying Party’s and Indemnified Party’s relative intent, knowledge, access to information
and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the Losses referred to above
shall be subject to the limitations set forth in this Section 8 and deemed to include any legal or other fees, charges or expenses
reasonably incurred by such party in connection with any investigation or proceeding. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to this Section 8(e) from
any person who was not guilty of such fraudulent misrepresentation. Each indemnifying party’s obligation to make a contribution
pursuant to this section shall be individual, not joint and several, and in no event shall the liability of Investor hereunder exceed
the net proceeds received by Investor upon the sale of the Shares giving rise to such indemnification obligation.

 

(iv)
Any person entitled to indemnification herein (the “Indemnified Party”) shall (A) give prompt written notice to the
indemnifying party (the “Indemnifying Party”) of any claim with respect to which it seeks indemnification (provided
that the failure to give prompt notice shall not impair any person’s right to indemnification hereunder to the extent such failure
has not actually and materially prejudiced the Indemnifying Party) and (B) permit the Indemnifying Party to assume the defense of such
claim with counsel reasonably satisfactory to the Indemnified Party. An Indemnifying Party who elects not to assume the defense of a
claim shall not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such Indemnifying Party
with respect to such claim, unless, in the reasonable judgment of legal counsel to any Indemnified Party, a conflict of interest exists
between such Indemnified Party and any other of such Indemnified Parties with respect to such claim. No Indemnifying Party shall, without
the consent of the Indemnified Party, consent to the entry of any judgment or enter into any settlement which cannot be settled in all
respects by the payment of money (and such money is so paid by the Indemnifying Party pursuant to the terms of such settlement) or which
settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnifying Party of a
release from all liability in respect to such claim or litigation.

 

(v)
The indemnification provided for under this Subscription Agreement shall remain in full force and effect regardless of any investigation
made by or on behalf of the Indemnified Party or any officer, director, employee, agent, affiliate or controlling person of such Indemnified
Party.

 

9.
Termination. This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations
of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earlier
to occur of (a) such date and time as the Amended and Restated Business Combination Agreement is terminated in accordance with its terms
without being consummated, (b) upon the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement,
(c) 10 days after the Termination Date (as defined in the Amended and Restated Business Combination Agreement as in effect on the date
hereof), if the Closing has not occurred by such date other than as a result of a breach of Investor’s obligations hereunder, or
(d) at Investor’s sole election, if the structure of the Transaction is amended, altered or otherwise changed such that the description
of the Merger, each as described in the first paragraph of this Subscription Agreement, is no longer accurate and it changes Investor's
antitrust analysis in an adverse manner in Investor's reasonable discretion (the termination events described in clauses (a)–(d)
above, collectively, the “Termination Events”); provided that nothing herein will relieve any party from liability
for any willful breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to
recover losses, liabilities or damages arising from any such willful breach. PFDR shall notify the Investor in writing of the termination
of the Amended and Restated Business Combination Agreement promptly after the termination of such agreement. Upon the occurrence of any
Termination Event, this Subscription Agreement shall be void and of no further effect and any monies paid by the Investor to PFDR in
connection herewith shall promptly (and in any event within two (2) business days) following the Termination Event be returned to the
Investor.

 

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10.
Trust Account Waiver. The Investor acknowledges that PFDR is a blank check company with the powers and privileges to effect a
merger, asset acquisition, reorganization or similar business combination involving PFDR and one or more businesses or assets. The Investor
further acknowledges that, as described in PFDR’s prospectus relating to its initial public offering dated February 16, 2021 (the
“Prospectus”) available at www.sec.gov, substantially all of PFDR’s assets consist of the cash proceeds of PFDR’s
initial public offering and private placement of its securities, and substantially all of those proceeds have been deposited in a trust
account (the “Trust Account”) for the benefit of PFDR, its public shareholders and the underwriters of PFDR’s
initial public offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to PFDR to
pay its tax obligations, the cash in the Trust Account may be disbursed only for the purposes set forth in the Prospectus. For and in
consideration of PFDR entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, the Investor
hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in or to
any monies held in the Trust Account, and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this
Subscription Agreement; provided, however, that nothing in this Section 10 shall be deemed to limit the Investor’s
right, title, interest or claim to any monies held in the Trust Account by virtue of its record or beneficial ownership of Class A Ordinary
Shares currently outstanding on the date hereof, pursuant to a validly exercised redemption right with respect to any such Class A Ordinary
Shares, except to the extent that the Investor has otherwise agreed with PFDR, the Company, or any of their respective affiliates to
not exercise such redemption right.

 

11.
Miscellaneous.

 

a.
Neither this Subscription Agreement nor any rights that may accrue to the parties hereunder (other than the Shares acquired hereunder,
if any) may be transferred or assigned without the prior written consent of each of the other parties hereto; provided that (i) this
Subscription Agreement and any of the Investor’s rights and obligations hereunder may be assigned to any fund or account managed
by the same investment manager as the Investor or by an affiliate (as defined in Rule 12b-2 of the Exchange Act) of such investment manager
without the prior consent of the Company and PFDR; and (ii) the Investor's rights under Section 8 may be assigned to a permitted assignee
or transferee of the Shares; provided further that prior to such assignment any such assignee shall agree in writing to be bound by the
terms hereof; provided, that no assignment pursuant to clause (i) of this Section 11 shall relieve the Investor of its obligations hereunder.

 

b.
The Company and PFDR may each request from the Investor such additional information as the Company or PFDR, as applicable, may deem necessary
to register the resale of the Shares and evaluate the eligibility of the Investor to acquire the Shares, and the Investor shall promptly
provide such information as may reasonably be requested to the extent readily available; provided, that, each of the Company and PFDR
agrees to keep any such information provided by Investor confidential except (i) as necessary to include in any registration statement
or prospectus the Company or PFDR is required to file hereunder, (ii) as required by the federal securities law or pursuant to other
routine proceedings of regulatory authorities or (iii) to the extent such disclosure is required by law, at the request of the staff
of the SEC or regulatory agency or under the regulations of any national securities exchange on which the Company’s or PFDR’s
securities are to be listed for trading. The Investor acknowledges and agrees that if it does not provide the Company or PFDR with such
requested information, the Company and/or PFDR, as applicable, may not be able to register the Investor's Shares for resale pursuant
to Section 8 hereof. The Investor acknowledges that each of the Company and PFDR may file a copy of this Subscription Agreement (or a
form of this Subscription Agreement) with the SEC as an exhibit to a periodic report or a registration statement or prospectus of the
Company or PFDR, as applicable.

 

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c.
The Investor acknowledges that PFDR, the Company, the Placement Agents and others will rely on the acknowledgments, understandings, agreements,
representations and warranties contained in this Subscription Agreement, including Schedule A hereto. Prior to the Closing, the Investor
agrees to promptly notify PFDR, the Company and the Placement Agents if any of the acknowledgments, understandings, agreements, representations
and warranties set forth in Section 7 above are no longer accurate in any material respect (other than those acknowledgments, understandings,
agreements, representations and warranties qualified by materiality, in which case the Investor shall notify PFDR, the Company and the
Placement Agents if they are no longer accurate in any respect). The Investor acknowledges and agrees that each purchase by the Investor
of Shares from PFDR will constitute a reaffirmation of the acknowledgments, understandings, agreements, representations and warranties
herein (as modified by any such notice) by the Investor as of the time of such purchase.

 

d.
PFDR, the Company and the Placement Agents are each entitled to rely upon this Subscription Agreement, including, but subject to the
proviso at the end of this Section 11(d), the representations and warranties of all of the parties hereto, and each is irrevocably authorized
to produce this Subscription Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official
inquiry with respect to the matters covered hereby; provided, however, that the foregoing clause of this Section 11(d)
shall not give the Company, PFDR or the Placement Agents any rights other than those expressly set forth herein and, without limiting
the generality of the foregoing and for the avoidance of doubt, in no event shall the Company be entitled to rely on any of the representations
and warranties of PFDR set forth in this Subscription Agreement and in no event shall PFDR be entitled to rely on any of the representations
and warranties of the Company set forth in this Subscription Agreement.

 

e.
All of the agreements, representations and warranties made by each party hereto in this Subscription Agreement shall survive the Closing.

 

f.
This Subscription Agreement may not be modified, waived or terminated (other than pursuant to the terms of Section 9 above) except by
an instrument in writing, signed by each of the parties hereto. No failure or delay of either party in exercising any right or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment
or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or
the exercise of any other right or power. The rights and remedies of the parties hereunder are cumulative and are not exclusive of any
rights or remedies that they would otherwise have hereunder.

 

g.
This Subscription Agreement (including the schedule hereto) constitutes the entire agreement, and supersedes all other prior agreements,
understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof.
Except as set forth in Section 8(e), Section 9, Section 11(c), Section 11(d), this Section 11(g) and Section 12 in each case with respect
to the persons specifically referenced therein, and Section 7 with respect to the Placement Agents, this Subscription Agreement shall
not confer any rights or remedies upon any person other than the parties hereto, and their respective successors and assigns, and the
parties hereto acknowledge that such persons so referenced are third party beneficiaries of this Subscription Agreement with right of
enforcement for the purposes of, and to the extent of, the rights granted to them, if any, pursuant to the applicable provisions.

 

h.
Except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties hereto
and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations,
warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs, executors,
administrators, successors, legal representatives and permitted assigns.

 

i.
If any provision of this Subscription Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, illegal or unenforceable,
the validity, legality or enforceability of the remaining provisions of this Subscription Agreement shall not in any way be affected
or impaired thereby and shall continue in full force and effect so long as this Subscription Agreement as so modified continues to express,
without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity
or unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations
of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will endeavor
in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of
which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).

 

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j.
This Subscription Agreement may be executed in one or more counterparts (including by facsimile or electronic mail or in .pdf, including
via DocuSign) and by different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document.
All counterparts so executed and delivered shall be construed together and shall constitute one and the same agreement.

 

k.
The parties hereto acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Subscription
Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
shall be entitled to an injunction or injunctions to prevent breaches of this Subscription Agreement, without posting a bond or undertaking
and without proof of damages, to enforce specifically the terms and provisions of this Subscription Agreement, this being in addition
to any other remedy to which such party is entitled at law, in equity, in contract, in tort or otherwise.

 

l.
If any change in the number, type or classes of authorized shares of PFDR (including the Shares), other than as contemplated by the Amended
and Restated Business Combination Agreement or any agreement contemplated by the Amended and Restated Business Combination Agreement,
shall occur between the date hereof and immediately prior to the Closing by reason of reclassification, recapitalization, stock split
(including reverse stock split) or combination, exchange or readjustment of shares, or any stock dividend, the number of Shares issued
to the Investor shall be appropriately adjusted to reflect such change.

 

m.
This Subscription Agreement shall be governed by and construed in accordance with the laws of the State of New York (regardless of the
laws that might otherwise govern under applicable principles of conflicts of laws thereof) as to all matters (including any action, suit,
litigation, arbitration, mediation, claim, charge, complaint, inquiry, proceeding, hearing, audit, investigation or reviews by or before
any governmental entity related hereto), including matters of validity, construction, effect, performance and remedies.

 

n.
Each party hereto hereby, and any person asserting rights as a third party beneficiary may do so only if he, she or it, irrevocably agrees
that any action, suit or proceeding between or among the parties hereto, whether arising in contract, tort or otherwise, arising in connection
with any disagreement, dispute, controversy or claim arising out of or relating to this Subscription Agreement or any related document
or any of the transactions contemplated hereby or thereby (“Legal Dispute”) shall be brought only to the exclusive
jurisdiction of the courts of the State of New York or the federal courts located in the Southern District of New York, and each party
hereto hereby consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action
or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the
laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding that is brought
in any such court has been brought in an inconvenient forum. During the period a Legal Dispute that is filed in accordance with this
Section 11(n) is pending before a court, all actions, suits or proceedings with respect to such Legal Dispute or any other Legal Dispute,
including any counterclaim, cross-claim or interpleader, shall be subject to the exclusive jurisdiction of such court. Each party hereto
and any person asserting rights as a third party beneficiary may do so only if he, she or it hereby waives, and shall not assert as a
defense in any Legal Dispute, that (a) such party is not personally subject to the jurisdiction of the above named courts for any
reason, (b) such action, suit or proceeding may not be brought or is not maintainable in such court, (c) such party’s
property is exempt or immune from execution, (d) such action, suit or proceeding is brought in an inconvenient forum, or (e) the
venue of such action, suit or proceeding is improper. A final judgment in any action, suit or proceeding described in this Section 11(n)
following the expiration of any period permitted for appeal and subject to any stay during appeal shall be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided by applicable laws. EACH OF THE PARTIES HERETO AND ANY
PERSON ASSERTING RIGHTS AS A THIRD PARTY BENEFICIARY MAY DO SO ONLY IF HE, SHE OR IT IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT
TO TRIAL BY JURY ON ANY CLAIMS OR COUNTERCLAIMS ASSERTED IN ANY LEGAL DISPUTE RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY AND FOR ANY COUNTERCLAIM RELATING THERETO. IF THE SUBJECT MATTER OF ANY SUCH LEGAL DISPUTE IS ONE IN WHICH THE WAIVER
OF JURY TRIAL IS PROHIBITED, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A THIRD PARTY BENEFICIARY SHALL ASSERT IN SUCH LEGAL
DISPUTE A NONCOMPULSORY COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
FURTHERMORE, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A THIRD PARTY BENEFICIARY SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE
WITH A SEPARATE ACTION OR OTHER LEGAL PROCEEDING IN WHICH A JURY TRIAL CANNOT BE WAIVED.

 

o.
Any notice or communication required or permitted hereunder to be given to the Investor shall be in writing and either delivered personally,
emailed or sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, to such
addresses or email addresses set forth on the signature page hereto, and shall be deemed to be given and received (i) when so delivered
personally, (ii) when sent, with no mail undeliverable or other rejection notice, if sent by email, or (iii) three (3) business days
after the date of mailing to the address below or to such other address or addresses as the Investor may hereafter designate by notice
to PFDR.

 

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12.
Non-Reliance and Exculpation. The Investor acknowledges that it is not relying upon, and has not relied upon, any statement, representation
or warranty made by any person, firm or corporation (including, without limitation, the Placement
Agents, any of their respective affiliates or any control persons, officers, directors, employees, partners, agents or representatives
of any of the foregoing), other than the statements, representations and warranties of PFDR and the Company expressly contained in Section
5 and Section 6 of this Subscription Agreement, respectively, in making its investment or decision to invest in PFDR. The Investor acknowledges
and agrees that none of (i) any Other Investor pursuant to this Subscription Agreement or any other subscription agreement related to
the private placement of the Shares (including the investor’s respective affiliates or any control persons, officers, directors,
employees, partners, agents or representatives of any of the foregoing), (ii) the Placement Agents,
their respective affiliates or any control persons, officers, directors, employees, partners, agents or representatives of any of the
foregoing, or (iii) any other party to the Amended and Restated Business Combination Agreement or any Non-Party Affiliate (other
than PFDR and the Company with respect to the previous sentence), shall have any liability to the Investor, or to any Other Investor,
pursuant to, arising out of or relating to this Subscription Agreement or any other subscription agreement related to the private placement
of the Shares, the negotiation hereof or thereof or its subject matter, or the transactions contemplated hereby or thereby, including,
without limitation, with respect to any action heretofore or hereafter taken or omitted to be taken by any of them in connection with
the purchase of the Shares or with respect to any claim (whether in tort, contract or otherwise) for breach of this Subscription Agreement
or in respect of any written or oral representations made or alleged to be made in connection herewith, as expressly provided herein,
or for any actual or alleged inaccuracies, misstatements or omissions with respect to any information or materials of any kind furnished
by PFDR, the Company, the Placement Agents or any Non-Party Affiliate concerning PFDR, the Company, the Placement Agents, any of their
controlled affiliates, this Subscription Agreement or the transactions contemplated hereby. For purposes of this Subscription Agreement,
“Non-Party Affiliates” means each former, current or future officer, director, employee, partner, member, manager, direct
or indirect equityholder or affiliate of PFDR, the Company, any Placement Agent or any of PFDR’s, the Company’s or any Placement
Agent’s controlled affiliates or any family member of the foregoing. The Investor agrees that none of the Placement Agents shall
be liable to it (including in contract, tort, under federal or state securities laws or otherwise) for any action heretofore or hereafter
taken or omitted to be taken by any of them in connection with the sale of Shares pursuant to this Subscription Agreement. On behalf
of the Investor and its affiliates, the Investor releases the Placement Agents in respect of any losses, claims, damages, obligations,
penalties, judgments, awards, liabilities, costs, expenses or disbursements related to the sale of Shares pursuant to this Subscription
Agreement. The Investor agrees not to commence any litigation or bring any claim against any of the Placement Agents in any court or
any other forum which relates to, may arise out of, or is in connection with, the sale of Shares pursuant to this Subscription Agreement.
This undertaking is given freely and after obtaining independent legal advice.

 

 

13.
Relationships. For the avoidance of doubt, all obligations of the Investor hereunder are separate and several from the obligations
of any Other Investor. Each party to this Subscription Agreement acknowledges that the decision of the Investor to purchase the Shares
pursuant to this Subscription Agreement has been made by the Investor independently of any Other Investor or any other investor in the
Company or PFDR and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets,
properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company, PFDR or any of their
respective subsidiaries which may have been made or given by any Other Investor or investor in the Company or PFDR or by any agent or
employee of such Other Investor or investor, and neither the Investor nor any of its agents or employees shall have any liability to
any Other Investor or investor (or any other person) relating to or arising from any such information, materials, statements or opinions.
Nothing contained herein or in any Other Subscription Agreement, and no action taken by the Investor or investor pursuant hereto or thereto,
shall be deemed to constitute the Investor and Other Investors or other investors as a partnership, an association, a joint venture or
any other kind of entity, or create a presumption that the Investor and Other Investors or other investors are in any way acting in concert
or as a group with respect to such obligations or the transactions contemplated by this Subscription Agreement and the Other Subscription
Agreements. The Investor shall be entitled to independently protect and enforce its rights, including without limitations the rights
arising out of this Subscription Agreement, and it shall not be necessary for any Other Investor or investor to be joined as an additional
party in any proceeding for such purpose.

 

14.
Disclosure. PFDR shall, by 9:00 a.m., New York City time, on the fourth (4th) Business Day immediately following the date of this
Subscription Agreement, issue one or more press releases or file with the SEC a Current Report on Form 8-K (collectively, the “Disclosure
Document”) disclosing all material terms of the transactions contemplated hereby and by the Other Subscription Agreements,
the Transaction and any other material, nonpublic information that PFDR has provided to the Investor at any time prior to the filing
of the Disclosure Document. Upon the issuance of the Disclosure Document, to the actual knowledge of PFDR and the Company, the Investor
shall not be in possession of any material, non-public information received from PFDR or the Company or any of their respective officers,
directors, or employees or agents, and the Investor shall no longer be subject to any confidentiality or similar obligations under any
current agreement, whether written or oral, with PFDR, the Company or any of their respective affiliates, relating to the transactions
contemplated by this Subscription Agreement. Notwithstanding anything in this Subscription Agreement to the contrary, neither PFDR nor
the Company shall publicly disclose the name of the Investor or any of its affiliates or advisers, or include the name of the Investor
or any of its affiliates or advisers in any press release or in any filing with the SEC or any regulatory agency or trading market, without
the prior written consent of the Investor, except (i) as required by the federal securities law or pursuant to other routine proceedings
of regulatory authorities, (ii) to the extent such disclosure is required by law, at the request of the staff of the SEC or regulatory
agency or under the regulations of any national securities exchange on which PFDR’s securities are listed for trading or (iii) to
the extent such announcements or other communications contain only information previously disclosed in a public statement, press release
or other communication previously approved in accordance with this Section 14.

 

[SIGNATURE
PAGES FOLLOW]

 

    20

     

    

 

IN
WITNESS WHEREOF, the Investor has executed or caused this Subscription Agreement to be executed by its duly authorized representative
as of the date set forth below.

 

	Name of Investor:	 	State/Country of Formation or Domicile:
	 	 	 	              
	By:	  	 	 	 
	Name:	 	 	 	 
	Title:	 	 	 	 
	 	                        	 	 	 
	Name
    in which Shares are to be registered (if different):	 	Date: ________, 2021
	 	 	 	 
	Investor’s
    EIN:	 	 	 
	 	 	 	 
	Business
    Address-Street:	 	Mailing Address-Street (if different):
	 	 	 	 
	City,
    State, Zip:	 	City, State, Zip:
	 	 	 	 
	Attn:	 	 	Attn:	
	 	 	 	 	 
	Telephone No.:	 	Telephone No.:
	Facsimile No.:	 	Facsimile No.:
	 	 	 	 	 
	Number
    of Shares subscribed for:	 	 	 
	 	 	 	 
	Aggregate
    Subscription Amount: $	 	Price Per Share: $10.00

 

You
must pay the Subscription Amount by wire transfer of United States dollars in immediately available funds to the account specified by
PFDR in the Closing Notice.

 

    21

     

    

 

IN
WITNESS WHEREOF, PFDR has executed or caused this Subscription Agreement to be executed by its duly authorized representative as of the
date set forth below.

 

	 	PATHFINDER
    ACQUISITION CORPORATION
	 	 	                  
	 	By:	 
	 	Name:	 
	 	Title:	 

 

Date:

 

    22

     

    

 

IN
WITNESS WHEREOF, the Company has accepted this Subscription Agreement as of the date set forth below.

 

	 	SERVICEMAX
    INC.
	 	 	              
	 	By:	 
	 	Name:	 
	 	Title:	 

 

Date:

 

    23

     

    

 

SCHEDULE
A

 

ELIGIBILITY
REPRESENTATIONS OF THE INVESTOR

 

This
Schedule must be completed by the Investor and forms a part of the Subscription Agreement to which it is attached. Capitalized terms
used and not otherwise defined in this Schedule have the meanings given to them in the Subscription Agreement. The Investor must check
the applicable box in either Part A or Part B below and the applicable box in Part C below.

 

	A.	QUALIFIED
    INSTITUTIONAL BUYER STATUS

    (Please check the applicable subparagraphs):

 

	☐	Investor
    is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act (a “QIB”)).

 

	☐	Investor
    is subscribing for the Shares as a fiduciary or agent for one or more investor accounts, and each owner of such accounts is a QIB.

 

***
OR ***

 

	B.	INSTITUTIONAL
    ACCREDITED INVESTOR STATUS

    (Please check the applicable subparagraphs):

 

Investor
is an institutional “accredited investor” within the meaning of Rule 501(a) under the Securities Act and has checked the
appropriate box(es) below indicating the applicable provision under which the Investor qualifies as such:

 

	☐	Investor
    is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, a corporation, Massachusetts
    or similar business trust, partnership, or limited liability company that was not formed for the specific purpose of acquiring the
    securities of PFDR being offered in this offering, with total assets in excess of $5,000,000.

 

	☐	Investor
    is a “private business development company” as defined in Section 202(a)(22) of the Investment Advisers Act of 1940.

 

	☐	Investor
    is a “bank” as defined in Section 3(a)(2) of the Securities Act.

 

	☐	Investor
    is a “savings and loan association” or other institution as defined in Section 3(a)(5)(A) of the Securities Act, whether
    acting in its individual or fiduciary capacity.

 

	☐	Investor
    is a broker or dealer registered pursuant to Section 15 of the Exchange Act.

 

	☐	Investor
    is an investment adviser registered pursuant to Section 203 of the Investment Advisers Act of 1940 or registered pursuant to the
    laws of a state.

 

    24

     

    

 

	☐	Investor
    is an investment adviser relying on the exemption from registering with the SEC under Section 203(l) or (m) of the Investment Advisers
    Act of 1940.

 

	☐	Investor
    is an “insurance company” as defined in Section 2(a)(13) of the Securities Act.

 

	☐	Investor
    is an investment company registered under the Investment Company Act of 1940.

 

	☐	Investor
    is a “business development company” as defined in Section 2(a)(48) of the Investment Company Act of 1940.

 

	☐	Investor
    is a “Small Business Investment Company” licensed by the U.S. Small Business Administration under either Section 301(c)
    or (d) of the Small Business Investment Act of 1958.

 

	☐	Investor
    is a “Rural Business Investment Company” as defined in Section 384A of the Consolidated Farm and Rural Development Act.

 

	☐	Investor
    is a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political
    subdivisions, for the benefit of its employees, and such plan has total assets in excess of $5,000,000.

 

	☐	Investor
    is an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 if the investment decision
    is made by a plan fiduciary, as defined in Section 3(21) of such act, which is one of the following.

 

	 	☐	A
    bank;
	 	 	 
	 	☐	A
    savings and loan association;
	 	 	 
	 	☐	A
    insurance company; or
	 	 	 
	 	☐	A
    registered investment adviser.

 

	☐	Investor
    is an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 with total assets in excess
    of $5,000,000.

 

	☐	Investor
    is an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 that is a self-directed plan
    with investment decisions made solely by persons that are accredited investors.

 

	☐	Investor
    is a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered by
    PFDR in this offering, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under the Securities
    Act.

 

	☐	An
    entity in which all of the equity owners are accredited investors.

 

    25

     

    

 

	☐	An
    entity, of a type not listed in Rule 501(a)(1), (2), (3), (7), or (8), not formed for the specific purpose of acquiring the securities
    offered, owning investments in excess of $5,000,000

 

	☐	A
    “family office,” as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940: (i) with assets under
    management in excess of $5,000,000, (ii) that is not formed for the specific purpose of acquiring the securities offered, and (iii)
    whose prospective investment is directed by a person who has such knowledge and experience in financial and business matters that
    such family office is capable of evaluating the merits and risks of the prospective investment;.

 

	☐	A
    “family client,” as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940, of a family office (as
    defined immediately above) and whose prospective investment in the issuer is directed by such family office pursuant to paragraph
    (iii) of such definition.

 

***
AND ***

 

	C.	AFFILIATE
    STATUS

    (Please check the applicable box)

    

    Investor:

 

	☐	is:

 

	☐	is
    not:

 

an
“affiliate” (as defined in Rule 144) of PFDR or acting on behalf of an affiliate of the Company.

 

26

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