SEC Contract Filing

Filing Date: 2023-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm238173d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0pt">&nbsp;</P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT
(as it may from time to time be amended and including all exhibits referenced herein, this &ldquo;<B><I>Agreement</I></B>&rdquo;), dated
as of February 28, 2023, is entered into by and between Everest Consolidator Acquisition Corporation, a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;),
and Everest Consolidator Sponsor, LLC &ndash; Warrants Series, a series of a Delaware series limited liability company (the &ldquo;<B><I>Purchaser</I></B>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, pursuant to the Company&rsquo;s Amended
and Restated Certificate of Incorporation (the &ldquo;<B><I>Current Certificate</I></B>&rdquo;), in the event that the Company has not
completed an initial Business Combination (as defined in the Current Certificate) by February 28, 2023 (the date that is 15 months after
the closing of the Company&rsquo;s initial public offering of securities (&ldquo;<B><I>IPO</I></B>&rdquo;)), the Board of Directors of
the Company (the &ldquo;<B><I>Board</I></B>&rdquo;) may extend the period of time to consummate an initial Business Combination by two
additional three month periods, to August 28, 2023 at the latest (the date that is 21 months after the closing of the IPO), to consummate
an initial Business Combination, provided that the Purchaser (or its affiliates or designees), after providing five business days advance
notice prior to the date that the period of time would otherwise expire, has deposited into the Trust Account (as defined below) $1,725,000
in exchange for private placement warrants, at a rate of $1.50 per private placement warrant, with the same terms as the private placement
warrants issued on or about the date of the closing of the IPO, with such gross proceeds from such deposits to be added to the proceeds
from the IPO held in the Trust Account and to be used to fund the redemption of the shares of the Company&rsquo;s Class A Common Stock,
$0.0001 par value per share (the &ldquo;<B><I>Class A Common Stock</I></B>&rdquo;) in accordance with Section 9.2(d) of the Current Certificate;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, in accordance with the Current Certificate,
the Board has authorized and approved an initial extension of the period of time for the Company to consummate an initial Business Combination
by one additional three month period to May 28, 2023 (the &ldquo;<B><I>Initial Extension</I></B>&rdquo;), subject to and effective upon
the deposit by the Purchaser into the Trust Account of $1,725,000 in exchange for Private Placement Warrants (as defined below); and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, in connection with, and in furtherance
of, the Initial Extension, the Purchaser desires to purchase, at a price of $1.50 per warrant, an aggregate of 1,150,000 warrants (the
 &ldquo;<B><I>Private Placement Warrants</I></B>&rdquo;), each Private Placement Warrant entitling the holder to purchase one Share at
an exercise price of $11.50 per share of Class A Common Stock (the &ldquo;<B><I>Shares</I></B>&rdquo;), for an aggregate purchase price
of $1,725,000 (the &ldquo;<B><I>Purchase Price</I></B>&rdquo;), and to deposit such monies into the Trust Account.</P>

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

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

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

<P STYLE="font: bold 10pt Ti