SEC Contract Filing

Filing Date: 2021-02-16

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d136002dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">February&nbsp;9, 2021 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Foresight Acquisition Corp.
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">233 N. Michigan Avenue, Suite 1410 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chicago, IL 60601</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Initial Public Offering</U> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter (this
&#147;<B><I>Letter Agreement</I></B>&#148;) is being delivered to you in accordance with the Underwriting Agreement (the &#147;<B><I>Underwriting Agreement</I></B>&#148;) by and between Foresight Acquisition Corp., a Delaware corporation (the
&#147;<B><I>Company</I></B>&#148;), and Cowen and Company, LLC, as the representative (the &#147;<B><I>Representative</I></B>&#148;) of the several underwriters named therein (each an &#147;<B><I>Underwriter</I></B>&#148; and collectively, the
&#147;<B><I>Underwriters</I></B>&#148;), relating to an underwritten initial public offering (the &#147;<B><I>Public Offering</I></B>&#148;), of up to 31,625,000 of the Company&#146;s units (including up to 4,125,000 units that may be purchased to
cover the Underwriters&#146; option to purchase additional units, if any) (the &#147;<B><I>Units</I></B>&#148;), each comprised of one share of Class&nbsp;A common stock of the Company, par value $0.0001 per share
(&#147;<B><I>Class</I></B><B><I></I></B><B><I>&nbsp;A Common Stock</I></B>&#148;), and <FONT STYLE="white-space:nowrap">one-third</FONT> of one redeemable warrant (each whole warrant, a &#147;<B><I>Warrant</I></B>&#148;). Each Warrant entitles the
holder thereof to purchase one share of Class&nbsp;A Common Stock at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering pursuant to a registration statement on Form
<FONT STYLE="white-space:nowrap">S-1</FONT> and prospectus (the &#147;<B><I>Prospectus</I></B>&#148;) filed by the Company with the Securities and Exchange Commission (the &#147;<B><I>Commission</I></B>&#148;). Certain capitalized terms used herein
are defined in paragraph&nbsp;11 hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and
to proceed with the Public Offering and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Foresight Sponsor Group, LLC, a Delaware limited liability company (the
&#147;<B><I>Sponsor</I></B>&#148;), FA <FONT STYLE="white-space:nowrap">Co-Investment</FONT> LLC, a Delaware limited liability company (&#147;<B><I>FA <FONT STYLE="white-space:nowrap">Co-Investment</FONT></I></B>&#148; and together with the Sponsor,
the &#147;<B><I>Holders</I></B>&#148;), and the other undersigned persons (each such other undersigned persons, an &#147;<B><I>Insider</I></B>&#148; and collectively, the &#147;<B><I>Insiders</I></B>&#148;), each hereby agrees, severally but not
jointly, with the Company as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. The Sponsor, FA <FONT STYLE="white-space:nowrap">Co-Investment</FONT> and each Insider agree
that if the Company seeks stockholder approval of a proposed Business Combination, then in connection with such proposed Business Combination, it, he or she shall (i)&nbsp;vote any Shares owned by it, him or her in favor of any proposed Business
Combination (including any proposals recommended by the Company&#146;s Board of Directors in connection with such Business Combination) and (ii)&nbsp;not redeem any Shares owned by it, him or her in connection with such stockholder approval. If the
Company seeks to consummate a proposed Business Combination by engaging in a tender offer, the Sponsor, FA <FONT STYLE="white-space:nowrap">Co-Investment</FONT> and each Insider agrees that it, he or she will not sell or tender any Shares owned by
it, him or her in connection therewith. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. The Sponsor, FA <FONT STYLE="white-space:nowrap">Co-Investment</FONT> and each Insider hereby
agrees that in the event that the Company fails to consummate a Business Combination within 24 months from the closing of the Public Offering, or such later period approved by the Company&#146;s stockholders in accordance with the Company&#146;s
amended and restated certificate of incorporation, the Sponsor, FA <FONT STYLE="white-space:nowrap">Co-Investment</FONT> and each Insider shall take all reasonable steps to cause the Company to (i)&nbsp;cease all operations except for the purpose of
winding up, (ii)&nbsp;as promptly as reasonably possible but not more than