SEC Contract Filing

Filing Date: 2021-11-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>8
<FILENAME>tm2113928d16_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<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: right"><B>Exhibit 10.4</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; text-align: justify; text-indent: 0.75in">THIS PRIVATE PLACEMENT WARRANTS
PURCHASE AGREEMENT, effective as of October&nbsp;26, 2021 (as it may from time to time be amended, this &ldquo;<B>Agreement</B>&rdquo;),
is entered into by and between LAVA Medtech Acquisition Corp., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;), and LAVA Medtech
Sponsor LP, a Delaware limited partnership (the &ldquo;<B>Purchaser</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; text-align: justify; text-indent: 0.75in">WHEREAS, the Company intends
to consummate an initial public offering of the Company&rsquo;s units (the &ldquo;<B>Public Offering</B>&rdquo;), each unit consisting
of one share of the Company&rsquo;s Class&nbsp;A common stock, par value $0.0001 per share (each, a &ldquo;<B>Share</B>&rdquo;), and one-half
of one redeemable warrant as set forth in the Company&rsquo;s registration statement on Form&nbsp;S-1, filed with the Securities and Exchange
Commission (the &ldquo;<B>SEC</B>&rdquo;), File Number 333-259983 (the &ldquo;<B>Registration Statement</B>&rdquo;), under the Securities
Act of 1933, as amended (the &ldquo;<B>Securities Act</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; text-align: justify; text-indent: 0.75in">WHEREAS, each whole warrant
entitles the holder to purchase one Share at an exercise price of $11.50 per Share; and</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; text-align: justify; text-indent: 0.75in">WHEREAS, the Purchaser has
agreed to purchase an aggregate of 7,500,000 redeemable warrants (or up to 8,175,000 redeemable warrants if the over-allotment option
in connection with the Public Offering is exercised in full) (the &ldquo;<B>Private Placement Warrants</B>&rdquo;), each whole Private
Placement Warrant entitling the holder to purchase one Share at an exercise price of $11.50 per Share.</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; text-align: justify; text-indent: 0.75in">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">&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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Section&nbsp;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; text-align: justify; text-indent: 0.25in">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; text-indent: 0.25in">B. <U>Purchase and Sale of the Private Placement
Warrants</U>.</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; text-align: justify; text-indent: 0.25in">(i)&nbsp;On the date of the
consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the &ldquo;<B>Initial
Closing Date</B>&rdquo;), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 7,500,000
Private Placement Warrants at a price of $1.00 per warrant for an aggregate purchase price of $7,500,000 (the &ldquo;<B>Purchase Price</B>&rdquo;),
which shall be paid by wire transfer of immediately available funds to the Company at least one day prior to the Initial Closing Date
in accordance with the Company&rsquo;s wiring instructions; provided, however, that the Purchase Price shall be reimbursed to the Purchaser
if the Initial Closing Date does not occur on the day following such wire payment. On the Initial Closing Date, following the payment
by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company, at its option, shall
deliver a certificate evidencing the Private Placement Warrants purchased on such date duly registered in the Purchaser&rsquo;s name to
the Purchaser, or effect such delivery in book-entry form.</P>

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

<P STYLE="font: 10pt Times N