Exhibit 10.1

         

        

      

      April 21, 2022

       

      Emerging Markets Horizon Corp.

      8th Floor, Berkeley Square House

      Berkeley Square, London W1J 6DB

      United Kingdom

       

      	 	Re:	
              Emerging Markets Horizon Corp.

            


       

      Ladies and Gentlemen:

       

      This letter (this “Letter Agreement”) is being delivered to you in connection with the appointment of the undersigned, Christopher Edwards (the “Insider”) as a director and officer of Emerging Markets Horizon Corp., a Cayman Islands exempted company (the “Company”). The Insider acknowledges that the Company has consummated its initial public offering on December 13, 2021 (the “Public Offering”)


        of 28,750,000 of the Company’s units (the “Units”), each comprising one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), and one-half of one redeemable warrant (each whole warrant, a “Warrant”).  Each Warrant entitles the holder thereof to purchase one
        Ordinary Share at a price of $11.50 per share, subject to adjustment.  Certain capitalized terms used herein are defined in paragraph 1 hereof.

       

      For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Insider hereby agrees with the Company as follows:

       

      1.           Definitions.  As used herein, (i) “Business Combination”
        shall mean a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities; (ii) “Founder Shares” shall
        mean the 7,187,500 Class B ordinary shares of the Company, par value $0.0001 per share, outstanding prior to the consummation of the Public Offering; (iii) “Private Placement Warrants”
        shall mean the warrants to purchase Ordinary Shares of the Company that were acquired by the Sponsor for an aggregate purchase price of $13,500,000, or $1.50 per Warrant, in a private placement that closed simultaneously with the consummation of
        the Public Offering (including Ordinary Shares issuable upon conversion thereof); (iv) “Public Shareholders” shall mean the
        holders of Ordinary Shares included in the Units issued in the Public Offering; (v) “Public Shares” shall mean the Ordinary Shares included in the Units issued in the Public Offering; (vi)
        “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 Warrants were deposited; (vii) “Transfer” shall mean the (a) 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, (b) 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 (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time; (ix) “Underwriters”
        shall mean the underwriters of the Public Offering; and (x) “Sponsor” shall mean EM Horizon Investments.

       

      
        
          


      

      
      2.           Representation and Warranties.

       

      (a)          The Insider represents and warrants to the Company that he has the full right and power, without violating any agreement to which 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 to serve as an officer of the Company and a director on the Company’s Board of Director (the “Board”).

       

      (b)          The Insider represents and warrants that such Insider’s biographical information furnished to the Company (including any such information included in the Current
        Report on Form 8-K relating to the Insider’s appointment and to be filed by the Company with the Securities and Exchange Commission (the “Commission”)) 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.  The 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; the 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 the 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 Business Combination without the prior consent of the Sponsor.  The Insider agrees that if the Company seeks shareholder approval of a proposed initial Business Combination, then in connection with such proposed
        initial Business Combination, he shall vote all Founder Shares and any Public Shares held by him in favor of such proposed initial Business Combination (including any proposals recommended by the Board in connection with such Business Combination)
        and not redeem any Public Shares held by him in connection with such shareholder approval.

       

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

       

      (a)          The Insider hereby agrees that in the event that the Company fails to consummate its initial Business Combination within the time period set forth in the Charter,
        the 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 (less
        up to $100,000 of interest to pay winding up and 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 the case of
        clauses (ii) and (iii) 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 Insider agrees 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.

       

      (b)          The Insider acknowledges that 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 held by him, if any.  The Insider hereby further waives, with respect to any Founder Shares and Public Shares held by it him, any redemption rights 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 Insider shall be
        entitled to liquidation rights with respect to any Public Shares he holds if the Company fails to consummate a Business Combination within the required time period set forth in the Charter).

       

      5.           Lock-up: Transfer Restrictions.

       

      (a)          The Insider agrees that he shall not Transfer any Founder Shares held, if any (the “Founder Shares Lock-up”)

        until the earliest of (A) one year after the completion of the Company’s initial Business Combination and (B) the date following the completion of an initial Business Combination 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, if, subsequent to a Business Combination, 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 a 30-trading day period commencing at least 150 days after the Company’s initial Business Combination, the Founder Shares shall be released from the
        Founder Shares Lock-up.

       

      
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      (b)          The Insider agrees that he shall not effectuate any Transfer of Private Placement Warrants or Ordinary Shares underlying such warrants until 30 days after the
        completion of an initial Business Combination.

       

      (c)          Notwithstanding the provisions set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and Ordinary
        Shares underlying the Private Placement Warrants are permitted (a) to the Company’s officers or directors, any affiliate or family member of any of the Company’s officers or directors, any members or partners of the Sponsor or their affiliates, any
        affiliates of the Sponsor, or any employees of the Sponsor or any of its affiliates; (b) 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; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to
        a qualified domestic relations order; (e) 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, Private Placement Warrants or Ordinary
        Shares, as applicable, were originally purchased; (f) by virtue of the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor; (g) to the Company for no value for cancellation in connection with the consummation of an
        initial Business Combination, (h) in the event of the Company’s liquidation prior to the completion of a Business Combination; or (i) 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 an initial Business Combination; provided, however, that in the case
        of clauses (a) through (f) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions.

       

      (d)          During the period commencing on the effective date of the underwriting agreement entered into by and among the Company and the Underwriters (the “Underwriting Agreement”) and ending 180 days after such date, the Insider shall not, without the prior written consent of the Underwriters, Transfer any Units, Ordinary Shares, Warrants or any
        other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by him, subject to certain exceptions enumerated in Section 5(g) of the Underwriting Agreement.

       

      6.           Remedies.  The Insider hereby agrees and acknowledges that (i) 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 and 7, (ii) monetary damages may not be an adequate remedy for such
        breach and (iii) 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.

       

      7.           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).

       

      
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      8.           Director and Officer Liability Insurance.  The Company will maintain an insurance policy or policies providing
        directors’ and officers’ liability insurance, and the Insider 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.

       

      9.           Termination.  This Letter Agreement shall terminate on the earlier of (i) the expiration of the Founder Shares
        Lock-up Period and (ii) the liquidation of the Company.

       

      10.         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 all parties hereto.

       

      11.         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 party.  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 Insider and each of his successors, heirs, personal representatives and assigns and permitted transferees.

       

      12.         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.

       

      13.         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.

       

      14.         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.

       

      15.         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 (i) 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 (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

       

      
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      16.         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 by electronic mail.

       

      [Signature Page Follows]

       

      
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              /s/ Christopher Edwards

            
	 	
              Christopher Edwards

            


      

      

      
        Signature Page to Insider Letter

         

        

      

      
        
          


      

      Acknowledged and Agreed:

       

      Emerging Markets Horizon Corp.

       

      	
              By:

            	
              /s/ Jonathan Neill

            	 
	 	
              Name: Jonathan Neill

              Title: CEO

            	 


      

      

      

      

      
        Signature Page to Insider Letter