EX-10.1




 Exhibit 10.1 

NON-REDEMPTION AGREEMENT 

THIS NON-REDEMPTION AGREEMENT (this “Agreement”), dated as of June [•],
2022, is made by and among Altitude Acquisition Corp., a Delaware corporation (the “Company”), Gary Teplis (“GT”), and the undersigned stockholder (the “Holder”). 

RECITALS 
 WHEREAS, the
Company is seeking stockholder approval to amend the Company’s Amended and Restated Certificate of Incorporation (as amended, the “Charter”) to extend (the “Extension”) the date by which the
Company must consummate an initial business combination from July 11, 2022 to October 11, 2022 (the “Extended Date”); 

WHEREAS, the Company has signed a letter of intent for a potential initial business combination (“Proposed Business
Combination”) and, if the Company proceeds with such Proposed Business Combination, it will seek stockholder approval of the Proposed Business Combination and related matters; and 

WHEREAS, in consideration of the Holder’s agreement hereunder to vote an aggregate of [•] shares of the Company’s Class A
common stock initially issued as part of the units sold by the Company in its initial public offering (“public shares”) held by it and/or its controlled affiliates as of the date hereof (collectively, the
“Holder’s Shares”) in favor of the Extension and, if presented to the Company’s stockholders, the Proposed Business Combination, not to redeem such public shares in connection with the Extension, and to hold such
public shares through the earlier of the Extended Date or the consummation of the Proposed Business Combination (the “Termination Date”), GT wishes to pay to the Holder in cash $0.033 per Holder’s Share per month through
the Termination Date for an aggregate payment of $[•]. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual
acknowledgments, understandings, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company, GT, and Holder hereby agree as follows: 

1. Representations and Warranties of Holder. Holder represents and warrants that: 

(a) Holder and/or certain of its controlled affiliates beneficially own the Holder’s Shares. 

(b) If Holder is a natural person, he or she has all the requisite power and authority and has taken all action necessary in order to execute
and deliver this Agreement, to perform his or her obligations hereunder and to consummate the transactions contemplated hereby. If Holder is not a natural person, (i) it is a legal entity duly organized, validly existing and, to the extent such
concept is applicable, in good standing under the laws of the jurisdiction of its organization and (ii) has all requisite corporate or other power and authority and has taken all corporate or other action necessary in order to execute, deliver
and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by Holder and, assuming due authorization and execution by each other party hereto,
constitutes a valid and binding agreement of Holder enforceable against Holder in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’
rights generally and subject, as to enforceability, to general principles of equity. 
 (c) The execution and delivery of this Agreement by
Holder does not, and the performance by Holder of its obligations hereunder will not, (i) conflict with or result in a violation of the organizational documents of Holder (if Holder is not a natural person) or applicable law to which Holder or
the Holder’s Shares is subject, or (ii) require any consent or approval that has not been given or other action that has not been taken by any Person (including under any contract binding upon Holder or any Holder’s Shares), in each
case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by Holder of its obligations under this Agreement. 

(d) As of the date of this Agreement, (i) there is no action, claim, suit, audit, assessment, arbitration, mediation or inquiry, or any
proceeding or investigation, by or before any governmental authority pending against Holder or, to the knowledge of Holder, threatened against Holder and (ii) Holder is not a party to or subject to the provisions of any












 
order, judgment, injunction, decree, writ, stipulation, determination or award, in each case, entered by or with any governmental authority, in each case, that questions the beneficial or record
ownership of the Holder’s Shares or the validity of this Agreement or would reasonably be expected to prevent or materially delay, impair or adversely affect the performance by Holder of its obligations under this Agreement. 

2. Lock-up and Waiver of Redemption Rights. 

(a) Holder acknowledges that it has certain rights with respect to the redemption of the Holder’s Shares pursuant to the Charter and in
connection with the consummation of the Extension, the Proposed Business Combination or any other initial business combination. Holder covenants and agrees, for the benefit of the Company, that neither it nor any of its controlled affiliates shall:

 (i) directly or indirectly Transfer (other than to any fund or account managed by the same investment manager as Holder; provided that as
a condition to such Transfer, the transferee shall execute a joinder to this Agreement in the form attached as Exhibit A) any of the Holder’s Shares, or any voting or economic interest therein, as of and following the date hereof through
the Termination Date; or 
 (ii) exercise any redemption rights under the Charter in connection with the consummation of the Extension with
respect to the Holder’s Shares (the “Redemption Rights”). 
 (b) For purposes hereof,
“Transfer” shall mean the following: (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 United States Securities and Exchange Commission (“SEC”) promulgated thereunder with respect to, any of the Holder’s Shares, (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 of the Holder’s Shares, 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). 
 (c) In furtherance of the covenants in paragraph 2(a):
(x) Holder hereby irrevocably waives, on behalf of itself and its controlled affiliates, the Redemption Rights and irrevocably constitutes and appoints the Company and its designees, with full power of substitution, as its (and its controlled
affiliates’) true and lawful agent and attorney-in-fact, with full power and authority in its name, place and stead, to revoke any redemption election made in
contravention of paragraph 2(a)(ii) above with respect to any Holder’s Shares and to cause the Company’s transfer agent to fail to redeem such Holder’s Shares in connection with the Extension and/or the Proposed Business Combination,
(y) Holder shall deliver such documentation as is reasonably requested by the Company or GT to evidence that none of the Holder’s Shares have been transferred or redeemed, and (z) in the event of a breach of paragraph 2(a)(i) or
2(a)(ii) with respect to any Holder’s Shares (the “Transferred/Redeemed Shares”), Holder unconditionally and irrevocably agrees to, or to cause one or more of its affiliates to, subscribe for and purchase from the
Company (or from its assignee(s) or designee(s)) prior to the Termination Date a number of shares of Class A common stock of the Company equal to the number of such Transferred/Redeemed Shares, for a per share purchase price equal to the amount
to be received by public stockholders of the Company exercising their Redemption Rights in connection with the Extension. 
 (d) The Company
and GT acknowledge and agree that the Holder and/or its controlled affiliates may own additional public shares in excess of the Holder’s Shares (the “Other Shares”) and that nothing herein shall restrict any rights of
the Holder with respect to such Other Shares including, without limitation, the right to redeem, or to submit a request to the Company’s transfer agent to redeem or otherwise exercise any right with respect to such Other Shares. 

3. Agreement to Vote. Holder covenants and agrees that its controlled affiliates shall: 

(a) vote (or cause to be voted) or execute and deliver a written consent (or cause a written consent to be executed and delivered) at any
meeting of the stockholders of the Company, however called, or at any adjournment thereof, or in any other circumstance in which the vote, consent or other approval of the stockholders of the Company


  
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is sought, all of the Holder’s Shares (i) in favor of the Extension, (ii) in favor of the Proposed Business Combination, if presented to the Company’s stockholders,
(iii) in favor of any proposal brought by the Company to adjourn the stockholder meeting called in connection with the Extension and/or the Proposed Business Combination, (iv) against any merger agreement or merger, consolidation,
combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by the Company other than the Proposed Business Combination, (v) against any proposal in opposition to approval of the
Extension or Proposed Business Combination or in competition with or inconsistent with the Extension or Proposed Business Combination or the transactions contemplated thereby, and (vi) against any proposal, action or agreement that would
(1) impede, frustrate, prevent or nullify any provision of this Agreement or the transactions contemplated hereby, or (2) change in any manner the dividend policy or capitalization of, including the voting rights of any class of capital
stock of, the Company; and 
 (b) appear at any meeting of the stockholders of the Company, however called, or at any adjournment thereof,
in person or by proxy, or otherwise cause all of the Holder’s Shares to be counted as present thereat for purposes of establishing a quorum. 

4. Covenants of the Holder. Holder hereby: (a) agrees to permit the Company to publish and disclose Holder’s identity,
ownership of the Holder’s Shares and any Other Shares and the nature of Holder’s commitments, arrangements and understandings under this Agreement and a copy of this Agreement, in (i) the proxy materials filed by the Company with the
SEC in connection with the Extension and/or the Company’s initial business combination, (ii) any Form 8-K filed by the Company with the SEC in connection with the execution and delivery of
this Agreement, or the consummation of the Extension or in connection with the Company’s initial business combination, and (iii) any other documents or communications provided by the Company or the Company to any governmental authority or
to the Holder, in each case, to the extent required by the federal securities laws or the SEC or any other securities authorities; and (b) shall and does authorize the Company and its counsel to notify the Company’s transfer agent that
there is a stop transfer order with respect to all of the Holder’s Shares (and that this Agreement places limits on the voting and transfer of such shares), provided that the Company, or such counsel, as applicable, further notifies
the Company’s transfer agent to lift and vacate the stop transfer order with respect to the Holder’s Shares following the Termination Date. Holder agrees that it shall not, and shall cause its Affiliates not to, indirectly accomplish or
attempt to accomplish that which it is not permitted to accomplish directly under this Agreement. 
 5. Payment of Consideration. 

(a) In consideration of the covenants of Holder set forth herein, on June 13, 2022 (the “Payment Date”), GT shall
pay to the Holder $[●] . 
 (b) The obligations of the Company and GT pursuant to this paragraph 5 shall be subject to the
satisfaction or waiver by the Company and GT of the following conditions: (i) the Extension shall have occurred, (ii) all representations and warranties of the Holder contained in this Agreement shall be true and correct in all material
respects (other than representations and warranties that are qualified as to materiality, which representations and warranties shall be true and correct in all respects) as of the date hereof and as of the Payment Date, and (iii) the Holder
shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by it at or prior to the Payment Date. 

6. Miscellaneous. 
 (a)
Holder acknowledges that the Company and GT will rely on the representations, warranties, acknowledgments, understandings and agreements contained in this Agreement. Holder agrees to promptly notify the Company and GT if any of the representations,
warranties, acknowledgments, understandings or agreements set forth herein are no longer accurate in all material respects. 
 (b) Each of
the Company, GT, and the Holder is entitled to rely upon this Agreement and is irrevocably authorized to produce this Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to
the matters covered hereby. 
 (c) Neither this Agreement nor any rights that may accrue to Holder hereunder may be transferred or assigned.
Neither this Agreement nor any rights that may accrue to the Company or GT hereunder may be transferred or assigned. 

  
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 (d) This Agreement may not be modified, waived or terminated except by an instrument in
writing, signed by the party against whom enforcement of such modification, waiver, or termination is sought. 
 (e) This Agreement
constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof. 

(f) Except as otherwise provided herein, this Agreement shall be binding upon, and inure to the benefit of the parties hereto and their heirs,
executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations, warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs,
executors, administrators, successors, legal representatives and permitted assigns. 
 (g) Holder acknowledges that the Company has
established a trust account containing the proceeds of its initial public offering and from certain private placements (collectively, with interest accrued from time to time thereon, the “Trust Account”). Holder agrees that
(i) it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, and (ii) it shall have no right of set-off or any right, title, interest or claim of any kind
(“Claim”) to, or to any monies in, the Trust Account, in each case in connection with this Agreement, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have in connection with this
Agreement or otherwise; provided, that such release and waiver of Claims shall not include any rights or claims of Holder or any of its controlled affiliates to seek redemption of (x) the Other Shares in connection with the consummation
of the Extension or (y) any of the Holder’s public shares in connection with the consummation of the Company’s initial business combination. In the event Holder has any Claim against the Company, Holder shall pursue such Claim solely
against the Company’s assets outside the Trust Account and not against the property or any monies in the Trust Account. Holder agrees and acknowledges that such waiver is material to this Agreement and has been specifically relied upon by the
Company to induce the Company to enter into this Agreement and Holder further intends and understands such waiver to be valid, binding and enforceable under applicable law. In the event Holder commences any action or proceeding which seeks, in whole
or in part, relief against the funds held in the Trust Account or distributions therefrom or any of the Company’s stockholders, whether in the form of monetary damages or injunctive relief, Holder shall be obligated to pay to the Company all of
its legal fees and costs reasonably incurred in connection with any such action in the event that the Company prevails in such action or proceeding. 

(h) If any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining
provisions of this Agreement shall not in any way be affected or impaired thereby and shall continue in full force and effect. 
 (i) This
Agreement may be executed in two (2) or more counterparts (including by electronic means), all of which shall be considered one and the same agreement and shall become effective when signed by each of the parties and delivered to the other
parties, it being understood that all parties need not sign the same counterpart. 
 (j) Holder shall pay all of its own expenses in
connection with this Agreement and the transactions contemplated hereby. 
 (k) Any notice or communication required or permitted
hereunder shall be in writing and either delivered personally, emailed, sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall be deemed to be given and received (a) when so
delivered personally, (b) when sent, with no mail undeliverable or other rejection notice, if sent by email, or (c) five (5) business days after the date of mailing to the address below or to such other address or addresses as such
person may hereafter designate by notice given hereunder: 
  

	 	(i)	 If to Holder, to such address or addresses set forth on the signature page hereto;: 



 

	 	(ii)	 if to the Company or GT, to: 



Altitude Acquisition Corp 
 400
Perimeter Center Terrace Suite 151 
 Atlanta, GA 30346 

Attn: Gary Teplis 
 Email:
gary.teplis@teplis.com 

  
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 with a required copy to (which copy shall not constitute notice): 

White & Case LLP 
 1221
Avenue of the Americas 
 New York, New York 10020 

Attention: Elliott Smith 

			
	Email:	 	 Chang-Do Gong

James Hu
 elliott.smith@whitecase.com

cgong@whitecase.com
 james.hu@whitecase.com


 (l) The parties agree that irreparable damage for which monetary damages, even if available, would not be an
adequate remedy, would occur in the event that the parties do not perform their obligations under the provisions of this Agreement (including failing to take such actions as are required of them hereunder to consummate this Agreement) in accordance
with its specified terms or otherwise breach such provisions. The parties acknowledge and agree that (i) the parties shall be entitled to an injunction, specific performance, or other equitable relief, to prevent breaches of this Agreement and
to enforce specifically the terms and provisions hereof, without proof of damages, this being in addition to any other remedy to which they are entitled under this Agreement, and (ii) the right of specific enforcement is an integral part of the
transactions contemplated by this Agreement and without that right, none of the parties would have entered into this Agreement. Each party agrees that it will not oppose the granting of specific performance and other equitable relief on the basis
that the other parties have an adequate remedy at law or that an award of specific performance is not an appropriate remedy for any reason at law or equity. The parties acknowledge and agree that any party seeking an injunction to prevent breaches
of this Agreement and to enforce specifically the terms and provisions of this Agreement in accordance with this paragraph 6(l) shall not be required to provide any bond or other security in connection with any such injunction. 

(m) This Agreement, and all claims or causes of action based upon, arising out of, or related to this Agreement or the transactions
contemplated hereby, shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to principles or rules of conflict of laws to the extent such principles or rules would require or permit the
application of laws of another jurisdiction 
 (n) Any claim, action, suit, assessment, arbitration or proceeding based upon, arising out of
or related to this Agreement, or the transactions contemplated hereby, shall be brought in the Court of Chancery of the State of Delaware or, if such court declines to exercise jurisdiction, any federal or state court located in the State of
Delaware, and each of the parties irrevocably submits to the exclusive jurisdiction of each such court in any such claim, action, suit, assessment, arbitration or proceeding, waives any objection it may now or hereafter have to personal
jurisdiction, venue or to convenience of forum, agrees that all claims in respect of such claim, action, suit, assessment, arbitration or proceeding shall be heard and determined only in any such court, and agrees not to bring any claim, action,
suit, assessment, arbitration or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby in any other court. Nothing herein contained shall be deemed to affect the right of any party to serve process in any
manner permitted by law, or to commence legal proceedings or otherwise proceed against any other party in any other jurisdiction, in each case, to enforce judgments obtained in any claim, action, suit, assessment, arbitration or proceeding brought
pursuant to this paragraph 6(n). EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

(o) Holder hereby covenants and agrees that, except for this Agreement, it (a) shall not enter into at any time while this Agreement
remains in effect, any voting agreement or voting trust with respect to the Holder’s Shares and (b) shall not grant at any time while this Agreement remains in effect a proxy, consent or power of attorney with respect to the Holder’s
Shares that is inconsistent with this Agreement. 
 (p) Nothing contained in this Agreement shall be deemed to vest in the Company or GT, or
its or their subsidiaries, any direct or indirect ownership or incidence of ownership of or with respect to the Holder’s Shares. All 

  
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rights, ownership and economic benefits of and relating to the Holder’s Shares of the Holder shall remain fully vested in and belong to the Holder, and none of the Company, GT, or its or
their subsidiaries shall have no authority to direct the Holder in the voting or disposition of any of the Holder’s Shares, except as otherwise provided herein. 

(q) Holder hereby agrees that its representations, warranties and covenants set forth herein are solely for the benefit of the Company, GT,
and its or their subsidiaries in accordance with and subject to the terms of this Agreement, and this Agreement is not intended to, and does not, confer upon any person other than the parties hereto any rights or remedies hereunder, including the
right to rely upon the representations and warranties set forth herein, and the parties hereto hereby further agree that this Agreement may only be enforced against, and any action that may be based upon, arise out of or relate to this Agreement, or
the negotiation, execution or performance of this Agreement may only be made against, the persons expressly named as parties hereto. 
 (r)
If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. The parties further agree that if any provision contained
herein is, to any extent, held invalid or unenforceable in any respect under the laws governing this Agreement, they shall take any actions necessary to render the remaining provisions of this Agreement valid and enforceable to the fullest extent
permitted by law and, to the extent necessary, shall amend or otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable provision giving effect to the intent of the
parties. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first above written. 
  

			
	COMPANY:
	ALTITUDE ACQUISITION CORP.


			
		
	By:	 	  



			
	Name:	 	
	Title:	 	
		
	GT:	 	
	
	  

	Gary Teplis
		
	HOLDER:	 	
	[NAME]	 	


			
		
	By:	 	  



			
	Name:	 	
	Title:	 	

  

			
	Address for Notices:	 	  



 

			
	Attention:	 	  



 

			
	Email:	 	  


 [Signature Page to Non-Redemption Agreement] 











 Exhibit A 

FORM OF JOINDER AGREEMENT 

This JOINDER, dated
[                    ], by and between Altitude Acquisition Corp., a Delaware corporation (the “Company”), Gary Teplis, and
the undersigned below, relates to that certain Non-Redemption Agreement dated as of June [    ], 2022 (the “Agreement”). Capitalized terms used but not defined
herein shall have the respective meanings ascribed to such terms in the Agreement. 
 The undersigned hereby acknowledges receipt of the
Agreement, attached hereto as Exhibit A, and agrees to become a party thereto and to be bound thereby. In particular and without limitation, the undersigned acknowledges the details of its obligations and representations set forth in
the Agreement, assumes all of the rights and obligations as set forth thereto and agrees to be bound by the terms of the Agreement as if the undersigned were originally a party thereto. 

IN WITNESS HEREOF, the undersigned has executed this Joinder as of the date first set forth above. 

 

			
	By:	 	  

		 	Name:
		 	Title:


  

					
	Accepted and Agreed to:
	
	ALTITUDE ACQUISITION CORP.
		
	By:	 	  

		 	 Name:
 Title:
	 	
	
	  

	Gary Teplis


  
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 Exhibit A 

NON-REDEMPTION AGREEMENT 

[See attached] 

  
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