SEC Contract Filing

Filing Date: 2021-03-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>6
<FILENAME>ea137007ex10-1_orionacq.htm
<DESCRIPTION>PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT BETWEEN THE COMPANY AND ORION HEALTHCARE ACQUISITION
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT (as it may
from time to time be amended and including all exhibits referenced herein, this &ldquo;<B><I>Agreement</I></B>&rdquo;), dated as
of March 1, 2021, is entered into by and among Orion Acquisition Corp., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;),
and Orion Healthcare Acquisition Partners, LLC, a Delaware limited liability company (the &ldquo;<B><I>Purchaser</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WHEREAS, the Company intends to consummate an initial public
offering of the Company&rsquo;s units (the &ldquo;<B><I>Public Offering</I></B>&rdquo;), each unit consisting of one share of Class
A common stock of the Company, par value $0.0001 per share (each, a &ldquo;<B><I>Share</I></B>&rdquo;), and one-quarter of one
warrant, each whole warrant entitling the holder to purchase one Share at an exercise price of $11.50 per Share, as set forth in
the Company&rsquo;s Registration Statement on Form S-1, filed with the U.S. Securities and Exchange Commission (the &ldquo;<B><I>SEC</I></B>&rdquo;),
File Number 333-253081 (the &ldquo;<B><I>Registration Statement</I></B>&rdquo;), under the Securities Act of 1933, as amended (the
&ldquo;<B><I>Securities Act</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WHEREAS, the Purchaser has agreed to purchase 6,800,000 warrants
(plus up to 720,000 additional redeemable warrants if the underwriter in the Public Offering exercises its option to purchase additional
units in full) (the &ldquo;<B><I>Private Placement Warrants</I></B>&rdquo;), each Private Placement Warrant entitling the holder
to purchase one Share at an exercise price of $11.50 per Share, at a price of $1.50 per warrant, subject to adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NOW THEREFORE, in consideration of the mutual promises contained
in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties to this Agreement hereby, intending legally to be bound, agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>AGREEMENT </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Section 1. Authorization, Purchase and Sale; Terms of the
Private Placement Warrants. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A. <U>Authorization of the Private Placement Warrants</U>. The
Company has duly authorized the issuance and sale of the Private Placement Warrants to the Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">B. <U>Purchase and Sale of the Private Placement Warrants</U>.
On the date of the consummation of the Public Offering (the &ldquo;<B><I>IPO Closing Date</I></B>&rdquo;), the Company shall issue
and sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,800,000 Private Placement Warrants at a price of
$1.50 per warrant for an aggregate purchase price of $10,200,000 (the &ldquo;<B><I>Purchase Price</I></B>&rdquo;). The Purchaser
shall pay the Purchase Price by wire transfer of immediately available funds in the following amounts: (i) $3,400,000 to the Company,
at a financial institution to be chosen by the Company, and (ii) $6,800,000 to the trust account maintained by Continental Stock
Transfer &amp; Trust Company, acting as trustee (the &ldquo;<B><I>Trust Account</I></B>&rdquo;), in each case in accordance with
the Company&rsquo;s wiring instructions, at least one (1) business day prior to the IPO Closing Date; provided however that if
underwriters of the Public Offering exercise their option to purchase additional units, in whole or in part, the amount in clause
(ii) shall instead be equal to 2% of the gross proceeds of the Public Offering, including such option, and the amount in clause
(i) shall instead be equal to the difference between (x) $6,800,000 and (y) 2% of the gross proceeds of the Public Offering.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On the IPO Closing Date, subject to the receipt of funds pursuant
to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants
purchased on such date duly registered