SEC Contract Filing

Filing Date: 2021-04-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea139982ex10-1_northerngene3.htm
<DESCRIPTION>AMENDED AND RESTATED FORWARD PURCHASE AGREEMENT DATED APRIL 21, 2021
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</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: right"><B>Execution Version</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>AMENDED AND RESTATED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORWARD PURCHASE AGREEMENT</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: justify; text-indent: 0.5in">This Amended and Restated
Forward Purchase Agreement (this &ldquo;<B><I>Agreement</I></B>&rdquo;) is entered into as of April 21, 2021 between Northern Genesis
Acquisition Corp. III, a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), Northern Genesis Capital III LLC, a Delaware
limited liability company (&ldquo;<B><I>NGC</I></B>&rdquo;), and each Purchaser (as defined herein) that executes and delivers from time
to time a Purchaser Joinder hereto (as defined herein), and amends and restates that certain Forward Purchase Agreement dated March 23,
2021 between the Company and NGC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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 &ldquo;<B><I>Business Combination</I></B>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company recently
completed an initial public offering (&ldquo;<B><I>IPO</I></B>&rdquo;) of the Company&rsquo;s units (the &ldquo;<B><I>Public Units</I></B>&rdquo;)
at a price of $10.00 per Public Unit, each comprised of one share of common stock of the Company, par value $0.0001 per share (the &ldquo;<B><I>Common
Stock</I></B>,&rdquo; and the shares of Common Stock included in the Public Units, the &ldquo;<B><I>Public Shares</I></B>&rdquo;), and
one-fourth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one share of Common Stock at an exercise
price of $11.50 per share (the &ldquo;<B><I>Warrants</I></B>,&rdquo; and the Warrants included in the Public Units, the &ldquo;<B><I>Public
Warrants</I></B>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, following the closing
of the IPO (the &ldquo;<B><I>IPO Closing</I></B>&rdquo;), the Company commenced a process to identify and consummate a Business Combination,
and the Company may seek to raise funds through an issuance and private placement of equity securities of the Company to be issued in
connection with the consummation of such Business Combination; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the parties wish
to enter into this Agreement, pursuant to which, to the extent that the Company seeks to issue and sell equity securities through a PIPE
Transaction (as defined herein) in connection with the Company&rsquo;s initial Business Combination, (a) the Company shall first irrevocably
offer to issue and sell to the members of NGC (or any affiliates of any such member designated thereby), on a private placement basis
pursuant to this Agreement, Forward Purchase Securities (as defined herein) in an aggregate dollar amount specified herein, and (b) one
or more members of NGC (or any affiliate of any such member designated thereby) may elect (each such entity making such election, a &ldquo;<B><I>Purchaser</I></B>&rdquo;)
to purchase all or a portion of such Forward Purchase Securities by confirming its purchase commitment by executing and delivering a separate
Purchaser Joinder (as defined herein), in each case on the terms and subject to the conditions set forth herein; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:</P>

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

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