SEC Contract Filing

Filing Date: 2021-05-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>10
<FILENAME>tm216715d21_ex10-6.htm
<DESCRIPTION>EXHIBIT 10.6
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.6</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><U>FORWARD PURCHASE AGREEMENT</U></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-indent: 0.5in">This Forward Purchase Agreement (this &#8220;<B>Agreement</B>&#8221;)
is entered into as of March&nbsp;1, 2021 among Artisan Acquisition Corp., a Cayman Islands exempted company (the &#8220;<B>Company</B>&#8221;),
Artisan LLC, a Cayman Islands limited liability company (the &#8220;<B>Sponsor</B>&#8221;) and the party listed as the purchaser on the
signature page&nbsp;hereof (the &#8220;<B>Purchaser</B>&#8221;).</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"><B>Recitals</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-indent: 0.5in">WHEREAS, the Company was incorporated for the purpose
of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more
businesses (a &#8220;<B>Business Combination</B>&#8221;);</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: 0.5in">WHEREAS, the Company has confidentially submitted
to the U.S. Securities and Exchange Commission (the &#8220;<B>SEC</B>&#8221;) a draft registration statement on Form&nbsp;S-1 (the &#8220;<B>Registration
Statement</B>&#8221;) for its initial public offering (&#8220;<B>IPO</B>&#8221;) of 30,000,000 units (or 34,500,000 units in the aggregate
if the underwriters&#8217; over-allotment is exercised in full) (the &#8220;<B>Public Units</B>&#8221;) at a price of $10.00 per Public
Unit, each comprised of one Class&nbsp;A ordinary share of the Company, par value $0.0001 per share (the &#8220;<B>Class&nbsp;A Share(s)</B>&#8221;),
and one-half of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class&nbsp;A Share at an exercise
price of $11.50 per share (the &#8220;<B>Warrant(s)</B>&#8221;);</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: 0.5in">WHEREAS, following the closing of the IPO (the
 &#8220;<B>IPO Closing</B>&#8221;), the Company will seek to identify and consummate a Business Combination;</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: 0.5in">WHEREAS, the parties wish to enter into this Agreement,
pursuant to which (i)&nbsp;immediately prior to the closing of the Company&#8217;s initial Business Combination (the &#8220;<B>Business
Combination Closing</B>&#8221;), the Company shall issue and sell, and the Purchaser shall purchase, on a private placement basis, the
number of Class&nbsp;A Shares determined pursuant to Section&nbsp;1(a)(i)&nbsp;hereof (the &#8220;<B>Forward Purchase Shares</B>&#8221;)
and the applicable number of Warrants determined pursuant to Section&nbsp;1(a)(i)&nbsp;hereof, with one Warrant being issuable to the
Purchaser per each increment of four Forward Purchase Shares actually issued and sold to the Purchaser hereunder (the &#8220;<B>Forward
Purchase Warrant(s)</B>&#8221; and together with the Forward Purchase Shares, the &#8220;<B>Forward Purchase Units</B>&#8221;) and (ii)&nbsp;concurrently
herewith, the Sponsor will transfer to the Purchaser, on a private placement basis, Class&nbsp;B ordinary shares of the Company, par value
$0.0001 per share (the &#8220;<B>Class&nbsp;B Share(s)</B>&#8221;), in an amount equal to the Class&nbsp;B Shares Transfer Amount determined
pursuant to Section&nbsp;1(b)&nbsp;hereof, in each case on the terms and conditions set forth herein;</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: 0.5in">WHEREAS, the Class&nbsp;B Shares are automatically
convertible into Class&nbsp;A Shares following the Business Combination Closing on the terms and conditions set forth in the Company&#8217;s
memorandum and articles of association, as it may be amended from time to time (the &#8220;<B>Charter</B>&#8221;); 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-indent: 0.5in">WHEREAS, the Company has entered, or intends concurrently
with this entry into this Agreement to enter, into one or more agreements (collectively, the &#8220;<B>Forward Contracts</B>&#8221;)
substantially in the form of this Agreement with other third parties (together with the Purchaser, the &#8220;<B>Forward Contract Parties</B>&#8221;
and each, a &#8220;<B>Forward Contract Party</B>&#8221;) for the purchase of Class&nbsp;A Shares and Warrants upon the Business Combination
Closing (all Class&nbsp;A Shares to be purchased pursuant to such Forward Contracts, together with the Forward Purchase Shares, collectively,
the &#8220;<B>Total Forward Purchase Shares</B>&#8221;), and for the transfer by the Sponsor to such third parties of Class&nbsp;B Shares
upon execution of such Forward Contracts.