SEC Contract Filing

Filing Date: 2021-07-23

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>5
<FILENAME>portagefintech_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>PRIVATE PLACEMENT WARRANTS PURCHASE
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; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0in">THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT (as
it may from time to time be amended and including all exhibits referenced herein, this <B>&ldquo;<I>Agreement</I>&rdquo;</B>), dated
as of July 20, 2021, is entered into by and between Portage Fintech Acquisition Corporation, a Cayman Islands exempted company (the <B>&ldquo;<I>Company</I>&rdquo;</B>),
and PFTA I LP, an Ontario limited partnership (the <B><I>&ldquo;Purchaser&rdquo;</I></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; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0in">WHEREAS, the
Company intends to consummate an initial public offering of the Company&rsquo;s units (the <B>&ldquo;<I>Public
Offering</I>&rdquo;</B>), each unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share (each, a <B>&ldquo;<I>Share</I>&rdquo;</B>),
and one-third of one redeemable 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-l, filed with the U.S. Securities and
Exchange Commission (the <B>&ldquo;<I>SEC</I>&rdquo;</B>), File Numbers 333-257185 and 333- 258062, under the Securities Act of
1933, as amended (the <B>&ldquo;<I>Securities Act</I>&rdquo;</B>).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0in">WHEREAS, the Purchaser
has agreed to purchase an aggregate of 6,333,334 warrants (and up to 480,000 additional redeemable warrants if the underwriters in the
Public Offering exercises their option to purchase additional units in full) (the <B>&ldquo;<I>Private Placement Warrants</I>&rdquo;</B>),
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>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0in">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>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0">Section 1. Authorization, Purchase and Sale; Terms of the Private
Placement Warrants.</P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0in">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>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt"> B. <U>Purchase and Sale of the Private Placement Warrants</U>.</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 0.75in">(i) On the date of the
consummation of the Public Offering (the <B>&ldquo;<I>IPO Closing Date</I>&rdquo;</B>), the Company shall issue and sell to the
Purchaser, and the Purchaser shall purchase from the Company, 6,333,334 Private Placement Warrants at a price of $1.50 per warrant
for an aggregate purchase price of $9,500,000 (the <B><I>&ldquo;Purchase Price&rdquo;</I></B>). The Purchaser shall pay the Purchase
Price by wire transfer of immediately available funds in the following amounts: (i) $4,700,000 to the Company at a financial
institution to be chosen by the Company, and (ii) $4,800,000 to the trust account maintained by Continental Stock Transfer &amp;
Trust Company, acting as trustee (the <B>&ldquo;<I>Trust Account</I>&rdquo;</B>), in each case in accordance with the
Company&rsquo;s wiring instructions, at least one (1) business day prior to the IPO Closing Date. 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 in the Purchaser&rsquo;s name to the Purchaser or
effect such delivery in book-entry form.</P>

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