Exhibit 10.7

    

    [●], 2021

     

    

    B Capital Technology Opportunities Corp.

      10 Hudson Yards

    New York, NY 10001

    

    

    Re: Initial Public Offering

     

      

    Ladies and Gentlemen:

     

    

    This letter agreement (this “Letter Agreement”) is being delivered to you in accordance with
      the Underwriting Agreement (the “Underwriting Agreement”) to be entered into by and among B Capital Technology Opportunities Corp., a Cayman Islands exempted company (the “Company”), Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc., as underwriters (each, an “Underwriter”, and,
      collectively, the “Underwriters”), relating to an underwritten initial public offering (the “Public Offering”) of
      20,000,000 of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”) (together with up to 3,000,000 additional Ordinary Shares that may be purchased
      pursuant to the Underwriters’ option to purchase additional Ordinary Shares). The Ordinary Shares will be sold in the Public Offering pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”). Certain capitalized terms used herein are defined in paragraph 1
      hereof.

     

    

    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, B Capital Technology Opportunities LLC (the “Sponsor”) and each of the undersigned (each, an “Insider” and, collectively, the “Insiders”) hereby agree with the Company as follows:

     

    

    1.            Definitions. As used herein, (a) “Business Combination” shall mean a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Company and one or more businesses or entities; (b) “Founder Shares” shall mean the 5,750,000 Class B ordinary shares of the Company, par value $0.0001 per share, outstanding prior to the consummation of the Public Offering; (c) “Private Placement Shares” shall mean (i) the Ordinary Shares of the Company that will be acquired by the Sponsor for an aggregate purchase price of $11,000,000 (or up to $12,200,000 if the
        Underwriters’ over-allotment option is exercised in full), or $10.00 per Ordinary Share, in a private placement that shall close simultaneously with the consummation of the Public Offering (the “Initial
          Private Placement Shares”); and (ii) additional Ordinary Shares of the Company that the Sponsor or its affiliates or designees will acquire if the Company has not consummated an initial business combination 12 months after the date of the
        Prospectus, for an aggregate purchase price of $4,000,000 (or $4,600,000 if the underwriters’ over-allotment option is exercised in full), or $0.20 per Public Share (as defined below), that the Sponsor will deposit to the Trust Account (400,000
        Ordinary Shares or 460,000 if the underwriters’ over-allotment option is exercised in full (the “Additional Private Placement Shares”); (d) “Public Shareholders” shall mean the holders of Ordinary Shares issued in the Public Offering; (e) “Public Shares” shall mean the Ordinary Shares issued in the Public
        Offering; (f) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Shares shall be deposited;
        (g) “Transfer” shall mean the (i) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to
        dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as
        amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (ii) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of
        ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii) public announcement of any intention to effect any transaction specified in clause (i) or (ii); and (h) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

    
      
        


    

    2.            Representations and Warranties.

     

      

    (a)          The Sponsor and each Insider, with respect to itself, herself or himself, represent
        and warrant to the Company that it, she or he has the full right and power, without violating any agreement to which it, she or he is bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or
        former employer), to enter into this Letter Agreement, and, as applicable, to serve as an officer of the Company and/or a director on the Company’s Board of Directors (the “Board”), as
        applicable, and each Insider hereby consents to being named in the Prospectus, road show and any other materials as an officer and/or director of the Company, as applicable.

     

      

    (b)          Each Insider represents and warrants, with respect to herself or himself, that such
        Insider’s biographical information furnished to the Company (including any such information included in the Prospectus) is true and accurate in all material respects and does not omit any material information with respect to such Insider’s
        background. The Insider’s questionnaire furnished to the Company is true and accurate in all material respects. Each Insider represents and warrants that such Insider is not subject to or a respondent in any legal action for, any injunction,
        cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; such Insider has never been convicted of, or pleaded guilty to, any crime (i) involving fraud,
        (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and such Insider is not currently a defendant in any such criminal proceeding; and such Insider has never been
        suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

     

      

    3.            Business Combination Vote. It is acknowledged and agreed that the Company
        shall not enter into a definitive agreement regarding a proposed initial Business Combination without the prior consent of the Sponsor. The Sponsor and each Insider, with respect to itself or herself or himself, agrees that if the Company seeks
        shareholder approval of a proposed initial Business Combination, then in connection with such proposed initial Business Combination, it, she or he, as applicable, shall vote all Founder Shares, Private Placement Shares and any Public Shares held by
        it, her or him, as applicable, in favor of such proposed initial Business Combination (including any proposals recommended by the Board in connection with such proposed initial Business Combination) and not redeem any Public Shares held by it, her
        or him, as applicable, in connection with such shareholder approval.

     

      

    4.            Failure to Consummate a Business Combination; Trust Account Waiver.

     

      

    (a)          The Sponsor and each Insider hereby agree, with respect to itself, herself or
        himself, that in the event that the Company fails to consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor and each Insider shall take all reasonable steps to cause the Company to (i) cease all
        operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
        deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay income taxes, if any (less up to $100,000 of interest to pay dissolution expenses), divided by the
        number of then-outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably
        possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Board, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors
        and in all cases subject to the other requirements of applicable law. The Sponsor and each Insider agree not to propose any amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the
        Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete an initial Business Combination within the required time period set
        forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares unless the Company provides its Public Shareholders with the opportunity to redeem their Public Shares upon approval of any such amendment
        at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes, if any, divided by
        the number of then-outstanding Public Shares, subject to the limitation that no shareholder can redeem more than 15% of the shares sold in the initial public offering.

    
      
        


    

    (b)          The Sponsor and each Insider, with respect to itself, herself or himself,
        acknowledges that it, she or he has no right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to the Founder Shares and
        Private Placement Shares held by it, her or him, if any. The Sponsor and each Insider hereby further waive, with respect to any Founder Shares, Private Placement Shares and Public Shares held by it, her or him, as applicable, any redemption rights
        it, she or he may have in connection with the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder vote to approve such Business Combination or a shareholder vote to
        approve an amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to
        redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within the time period set forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares (although
        the Sponsor and the Insiders shall be entitled to liquidation rights with respect to any Public Shares they hold if the Company fails to consummate an initial Business Combination within the required time period set forth in the Charter).

     

      

     

    
      5.            If the Company has not consummated an initial Business Combination 12 months after the date of the Public Offering (the “Yield Closing Date”), the Company shall issue and sell to the Sponsor, and the Sponsor shall purchase from the Company Additional Private Placement Shares. The Sponsor will deposit by wire
        transfer an additional $0.20 per Public Share to the Trust Account, for an aggregate purchase price of $4,000,000, or $4,600,000 if the underwriters’ over-allotment option is exercised in full. On the Yield Closing Date, subject to the receipt of
        funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Additional Private Placement Shares purchased by the Sponsor on such date duly registered in the Sponsor’s name to the Sponsor
        or effect such delivery in book-entry form.

    

     

      

    6.            Lock-up; Transfer Restrictions.

     

      

    (a)          The Sponsor and the Insiders agree that they shall not Transfer any Founder Shares
        (the “Founder Shares Lock-up”) until the earliest of (i) one year after the completion of the Company’s initial Business Combination and (ii) subsequent to the completion of the Company’s
        initial Business Combination, (x) if the closing price of the Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like) for
        any 20 trading days within any 30-trading day period commencing at least 120 days after the Company’s initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction
        that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the “Founder Shares Lock-up Period”).
        Notwithstanding the foregoing, Subject to the provisions set forth in paragraph 6(c), the Sponsor and Insiders agree that they shall not effectuate any Transfer of Private Placement Shares or Ordinary Shares until 30 days after the
        completion of the Company’s initial Business Combination.

    
      
        


    

    (b)          Notwithstanding the provisions set forth in paragraphs 6(a) and (b),
        Transfers of the Founder Shares and Private Placement Shares are permitted (i) to the Company’s officers or directors, any affiliates or family members of any of the Company’s officers or directors, any direct or indirect members or partners of the
        Sponsor or their affiliates, any affiliates of the Sponsor, including to funds affiliated with B Capital Group (“B Capital”), and to direct or indirect members or partners of funds
        affiliated with B Capital or any affiliates thereof; (ii) in the case of an individual, by gift to a member of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s immediate family, an
        affiliate of such person or to a charitable organization; (iii) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified domestic relations
        order; (v) by private sales or transfers made in connection with the consummation of a Business Combination at prices no greater than the price at which the Founder Shares or Private Placement Shares, as applicable, were originally purchased; (vi)
        by virtue of the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor; (vii) to the Company for no value for cancellation in connection with the consummation of its initial Business Combination, (viii) in the event of
        the Company’s liquidation prior to the completion of its initial Business Combination; or (ix) in the event of completion of a liquidation, merger, share exchange or other similar transaction which results in all of the Company’s Public
        Shareholders having the right to exchange their Ordinary Shares for cash, securities or other property subsequent to the completion of the Company’s initial Business Combination; provided, however, that in the case of clauses (i) through (vi) these
        permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in this letter agreement.

     

      

    (c)          During the period commencing on the effective date of the Underwriting Agreement and
        ending 180 days after such date, the Sponsor and each Insider shall not, without the prior written consent of the Underwriters, Transfer any Ordinary Shares or any other securities convertible into, or exercisable or exchangeable for, Ordinary
        Shares held by it, her or him, as applicable.

     

      

    7.            Remedies. The Sponsor and each of the Insiders hereby agree and acknowledge
        that (a) each of the Underwriters and the Company would be irreparably injured in the event of a breach by the Sponsor or such Insider of its, her or his obligations, as applicable under paragraphs 3, 4, 5, 6, 8,
        11 and 12, (b) monetary damages may not be an adequate remedy for such breach and (c) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event
        of such breach.

     

      

    8.            Payments by the Company. Except as disclosed in the Prospectus, neither the
        Sponsor nor any affiliate of the Sponsor nor any director or officer of the Company nor any affiliate of the officers shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect of any payment of a loan or
        other compensation prior to, or in connection with any services rendered in order to effectuate the consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is).

    
      
        


    

    9.            Director and Officer Liability Insurance. The Company will maintain an
        insurance policy or policies providing directors’ and officers’ liability insurance, and the Insiders shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the
        Company’s directors or officers.

     

      

    10.          Termination. This Letter Agreement shall terminate on the earlier of (a) the
        expiration of the Founder Shares Lock-up Period and (b) the liquidation of the Company.

     

      

    11.          Indemnification.

     

      

    (a)          In the event of the liquidation of the Trust Account upon the failure of the Company
        to consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless the Company against any
        and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened) to
        which the Company may become subject as a result of any claim by (a) any third party for services rendered or products sold to the Company (except for the Company’s independent auditors) or (b) any prospective target business with which the Company
        has discussed entering into a transaction agreement (a “Target”); provided, however, that such indemnification of the Company by the Indemnitor (x) shall apply only to the
        extent necessary to ensure that such claims by a third party for services rendered or products sold to the Company or a Target do not reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the
        actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in the value of the trust assets, in each case net of interest that may be
        withdrawn to pay the Company’s tax obligations, (y) shall not apply to any claims by a third party or Target who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) and (z)
        shall not apply to any claims under the Company’s indemnity of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor shall have the right to defend against any such claim
        with counsel of its choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that it shall undertake such defense.

     

      

    (b)          The Company will, to the fullest extent permitted by law, indemnify, exonerate and
        hold the Sponsor and its managers and members, and each of their respective partners, shareholders, members, affiliates, associated investment funds, directors, officers, fiduciaries, managers, controlling persons, employees and agents and each of
        the partners, shareholders, members, affiliates, associated investment funds, directors, officers, fiduciaries, managers, controlling persons, employees and agents of each of the foregoing, whether or not a signatory hereto (collectively, the “Indemnitees”) free and harmless from and against any and all actions, causes of action, suits, claims, liabilities, losses, damages and costs and expenses (including attorneys’ fees and
        expenses) incurred by an Indemnitee or any of them (collectively, the “Indemnified Liabilities”), arising out of or in connection with any action, cause of action, suit,
        arbitration, investigation or claim arising out of, or in any way relating to (i) this Letter Agreement, the Public Offering, any completed, abandoned or failed Business Combination or any other agreement or arrangement in connection with the
        Public Offering or any completed, abandoned or failed Business Combination, or any review or approval of any proposed, abandoned, failed or completed Business Combination or any proxy or other solicitation of shareholder approval or authorization
        of any proposed, abandoned, failed or completed Business Combination, (ii) any investment opportunities sourced by the Indemnitees, (iii) any act or omission of an Indemnitee in connection with the Company’s or its affiliates’ affairs or (iv) the
        operations of, or services provided by an Indemnitee to, the Company or any of its affiliates, whether arising prior to or on and after the date hereof and shall advance costs and expenses (including attorneys’ fees and expenses) incurred by the
        Indemnitee in connection with any of the foregoing upon and following receipt of an undertaking from the applicable Indemnitee to repay (without interest) any amounts advanced if indemnification hereunder is finally judicially determined by a court
        of competent jurisdiction to not be owed; provided, that if and to the extent that the foregoing indemnification or advancement rights may be unavailable or unenforceable for any reason, the Company hereby agrees to make the maximum contribution to
        the payment and satisfaction of each of the Indemnified Liabilities which is permissible under applicable law.

    
      
        


    

    The rights of any Indemnitee to indemnification or advancement hereunder will be primary and in addition to any other rights any such person may have under any other
      agreement or instrument to which such Indemnitee is or becomes a party or is or otherwise becomes a beneficiary or under law or regulation. In addition, the rights of any Indemnitee to indemnification hereunder will not entitle such Indemnitee to
      access the funds held in the Trust Account, as defined below, and any indemnification hereunder will not be permitted to be funded by funds held in the Trust Account.

     

    

    Each Indemnitee (as defined herein) is an intended third party beneficiary of this paragraph 11(b), whether or not such Indemnitee is a signatory to this Agreement.

    

    

    12.          Forfeiture of Founder Shares. To the extent that the Underwriters do not
        exercise their options to purchase additional Ordinary Shares within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for
        cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares (excluding the Private Placement Shares) and Founder Shares outstanding at such
        time. The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares
        immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary Shares (excluding the Private Placement Shares) and Founder Shares outstanding
        at such time.

     

      

    13.          Entire Agreement. This Letter Agreement constitutes the entire agreement and
        understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject
        matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by
        (a) each Insider that is the subject of any such change, amendment, modification or waiver and (b) the Sponsor.

    
      
        


    

    14.          Assignment. No party hereto may assign either this Letter Agreement or any of
        its rights, interests, or obligations hereunder without the prior written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest
        or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor, each of the Insiders and each of their respective successors, heirs, personal representatives and assigns and permitted transferees.

     

      

    15.          Counterparts. This Letter Agreement may be executed in any number of original
        or facsimile counterparts, and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

     

      

    16.          Effect of Headings. The paragraph headings herein are for convenience only
        and are not part of this Letter Agreement and shall not affect the interpretation thereof.

     

      

    17.          Severability. This Letter Agreement shall be deemed severable, and the
        invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or
        provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

     

      

    18.          Governing Law. This Letter Agreement shall be governed by and construed and
        enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties hereto (a) all agree that any
        action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue,
        which jurisdiction and venue shall be exclusive, and (b) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

     

      

    19.          Notices. Any notice, consent or request to be given in connection with any of
        the terms or provisions of this Letter Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile, or by email or other electronic
        transmission.

     

    

    [Signature Page Follows]

    

    

    
      
        


    

  

  

  	 	
          Sincerely,

        
	 	 	 
	 	
          B CAPITAL TECHNOLOGY OPPORTUNITIES LLC

        
	 	 	 
	 	 	 
	 	
          By:

        	

        
	 	
          Name:

        	
          Raj Ganguly

        
	 	
          Title:

        	
          Chief Executive Officer

        
	 	 	 


  

  

  
    [Signature Page to Letter Agreement]

  

  
    
      


  

  

  

  	 	
          By:

        	 
	 	
          Name:

        	
          [-]

        


  

  

  
    [Signature Page to Letter Agreement]

  

  
    
      


  

  
    	

          	
            By:

          	 
	 	
            Name:

          	
            [-]

          


    

    

    
      [Signature Page to Letter Agreement]

    

  

  
    
      


  

  
    	

          	
            By:

          	 
	 	
            Name:

          	
            [-]

          


    

    

    
      [Signature Page to Letter Agreement]

      
        
          


      

    

  

  

  	

        	
          By:

        	 
	 	
          Name:

        	
          [-]

        


  

  

  
    [Signature Page to Letter Agreement]

  

  
    
      


  

  
    	

          	
            By:

          	 
	 	
            Name:

          	
            [-]

          


    

    

    
      [Signature Page to Letter Agreement]

    

  

  
    
      


  

  	

        	
          By:

        	 
	 	
          Name:

        	
          [-]

        


  

  

  [Signature Page to Letter Agreement]

  
    
      


  

  	

        	
          By:

        	

        
	 	
          Name:

        	
          [-]

        


  

  

  [Signature Page to Letter Agreement]

  
    
      


  

  Acknowledged and Agreed:

   

  

  B CAPITAL TECHNOLOGY OPPORTUNITIES CORP.

  

  

  	 	 	 
	
          By:

        	

        	 
	
          Name:

        	
          Raj Ganguly

        	 
	
          Title:

        	
          Chief Executive Officer