SEC Contract Filing

Filing Date: 2022-02-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>13
<FILENAME>ea155668ex10-11_bynordicacq.htm
<DESCRIPTION>FORM OF SECOND AMENDED & RESTATED FORWARD PURCHASE AGREEMENT, DATED FEBRUARY 8, 2022, BETWEEN THE COMPANY AND ROTHESAY INVESTMENT SARL SPF
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.11</B></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"><B>SECOND AMENDED &amp; RESTATED FORWARD PURCHASE
AGREEMENT</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-indent: 0.5in">This Second Amended &amp; Restated Forward Purchase
Agreement (as the same may be further amended, supplemented or otherwise modified from time to time in accordance with the terms hereof,
this &ldquo;<U>Agreement</U>&rdquo;) is entered into and effective as of February 11, 2022, by and between byNordic Acquisition Corporation,
a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), and Rothesay Investment Sarl SPF (the &ldquo;<U>Purchaser</U>&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: center"><B><U>Recitals</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&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, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with
one or more businesses (a &ldquo;<U>Business Combination</U>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the Company has filed with the U.S. Securities
and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;) a registration statement on Form S-1 (File No. 333-248488) (the &ldquo;<U>Registration
Statement</U>&rdquo;) for its initial public offering (&ldquo;<U>IPO</U>&rdquo;) of 15,000,000 units (or 17,250,000 units if the underwriters&rsquo;
over-allotment option (the &ldquo;<U>IPO Over-Allotment Option</U>&rdquo;) is exercised in full) (the &ldquo;<U>Public Units</U>&rdquo;)
at a price of $10.00 per Public Unit, each Public Unit comprised of one share of Class A common stock, par value $0.0001 per share, of
the Company (the &ldquo;<U>Class A Common Stock</U>,&rdquo; and the shares of Class A Common Stock included in the Public Units, the &ldquo;<U>Public
Shares</U>&rdquo;), and one-half of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one share of
Class A Common Stock at an exercise price of $11.50 per share, subject to adjustment as described in the Registration Statement, and only
whole redeemable warrants are exercisable (the &ldquo;<U>Warrants</U>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the Company shall privately place 850,000
shares of Class A Common Stock (or to the extent the underwriters of the Company&rsquo;s initial public offering exercise their over-allotment
option, up to 940,000 shares of Class A Common Stock) (the &ldquo;<U>Private Shares</U>&rdquo;) in private placement transactions occurring
simultaneously with the closing of the IPO pursuant to securities purchase agreements, dated as of February 11, 2022, entered into with
each of the Sponsor, byNordic Holdings LLC and byNordic Holdings II LLC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&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
&ldquo;<U>IPO Closing</U>&rdquo;), the Company will seek to identify and consummate a Business Combination;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the parties previously entered into the
Forward Purchase Agreement, dated as of March 29, 2021 (the &ldquo;<U>Original Agreement</U>&rdquo;), as such Original Agreement was amended
and restated pursuant to the Amended and Restated Forward Purchase Agreement, dated as of July 14, 2021 (the &ldquo;<U>First Amended and
Restated Agreement</U>&rdquo;), pursuant to which concurrently with the closing of the Company&rsquo;s initial Business Combination (the
&ldquo;<U>Business Combination Closing</U>&rdquo;), the Company may elect to issue and sell to the Purchaser, and the Purchaser may elect
to purchase from the Company, on a private placement basis, the number of shares of Class A Common Stock (the &ldquo;<U>Forward Purchase
Shares</U>&rdquo;) determined pursuant to <U>Sections 1(a)(ii)</U>, <U>(iii)</U> and <U>(iv)</U> hereof on the terms and conditions set
forth herein;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, proceeds from the IPO and the sale of
the Private Shares in an aggregate amount equal to will be deposited into a trust account for the benefit of the holders of the Public
Shares (the &ldquo;<U>Trust Account</U>&rdquo;), as described in the Registration Statement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; m