EX-10.9






 Exhibit 10.9 

INVESTMENT AGREEMENT 

THIS INVESTMENT AGREEMENT (this “Agreement”), dated as of August 18, 2021, is by and among (i) Tristar Acquisition I
Corp., a Cayman Islands exempted company (the “SPAC”), (ii) Tristar Holdings I LLC, a Cayman Islands limited liability company (the “Sponsor”), and (iii) Cable One, Inc., a Delaware corporation (the
“Investor”). 
 WHEREAS, the SPAC has filed, or will file, with the U.S. Securities and Exchange Commission (the
“SEC”) a registration statement on Form S-1 (as amended, the “Registration Statement”) for the initial public offering (the “IPO”) of units of the SPAC at a price of $10.00 per unit (the
“Units”), each comprised of one Class A ordinary share, par value $0.0001 per share, of the SPAC (the “Class A Shares”) and one-half of one redeemable warrant, with each whole warrant
exercisable to purchase one Class A Share at an exercise price of $11.50 per share (the “Warrants”). 
 WHEREAS, in
connection with the IPO, the Investor has expressed an interest in acquiring up to 9.9% of the Units offered in the IPO, or up to 1,980,000 Units (assuming an aggregate of 

20,000,000 Units are offered in the IPO), without giving effect to any exercise of the underwriters’
over-allotment option (such Units, the “IPO Indication”), at the initial public offering price of $10.00 per Unit. 

WHEREAS, the parties wish to enter into this Agreement pursuant to which, upon the terms and subject to the conditions hereof, the Investor
will purchase from the Sponsor Class B ordinary shares, par value $0.0001 per share, of the SPAC (the “Founder Shares”) at a purchase price of $3.000003 per share. The Founder Shares will convert into Class A Shares on a one-for- one basis, subject to adjustment, upon the terms and conditions set forth in the memorandum and articles of association of the SPAC, as amended from time to time (the “Articles”). 

NOW THEREFORE, the parties hereto hereby agree as follows: 

Section 1. Sale and Purchase. 

(a) In connection with the IPO Indication, and subject to the satisfaction of the conditions set forth in
Section 1(b), the Sponsor hereby agrees to sell and transfer to the Investor 333,333 Founder Shares (the “Transferred Shares”) for an aggregate purchase price of $1,000,000 (the “Transfer
Price”), and the Investor hereby agrees to purchase the Transferred Shares (the “Investment”), on the date of the closing of the IPO. Concurrently with, and in consideration for, the sale and transfer of the Transferred
Shares to the Investor, the Investor shall pay the Transfer Price to the Sponsor in immediately available funds. The SPAC shall update its register of the members of the SPAC to reflect the Transfer of the Transferred Shares as soon as practicable
following the foregoing purchase and sale of the Transferred Shares. 
 (b) Subject to (i) the fulfillment by the Investor of the IPO
Indication (which shall include the purchase of 9.9% of the Units offered in the IPO (or at least 1,980,000 Units if the aggregate number of Units offered in the IPO exceeds 20,000,000), or such lesser amount allocated to the Investor by the
underwriters in the IPO, at the initial public offering price of $10.00 per Unit) and (ii) the Investor’s payment in full of the Transfer Price as contemplated by Section 1(a) of this Agreement, the Investment shall occur and
be effective upon the closing of the IPO, automatically and without any further action of any party hereto. 













 Section 2. Representations and Warranties of the SPAC. The SPAC hereby
represents and warrants to the Investor, as follows: 
 (a) The SPAC has full power and authority to execute and deliver this Agreement, to
perform its obligations hereunder and to consummate the transactions contemplated hereby. 
 (b) This Agreement has been duly and validly
executed and delivered by the SPAC and constitutes a legal, valid and binding obligation of the SPAC enforceable against the SPAC in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance and any other laws of general application affecting enforcement of creditors’ rights generally or (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other
equitable remedies. 
 (c) The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and the
performance by the SPAC of its obligations hereunder will not conflict with, or result in any violation of or default under, any agreement or other instrument to which the SPAC is a party or by which the SPAC is bound, or any decree, order, statute,
rule or regulation applicable to the SPAC. 
 (d) No consent, approval, order or authorization of, or registration, qualification,
designation, declaration or filing with, any federal, state or local governmental authority is required on the part of the SPAC in connection with the consummation of the transactions contemplated by this Agreement (other than effectiveness of the
Registration Statement for the offer and sale of Units in the IPO). 
 (e) Upon issuance in accordance with, and payment pursuant to, the
terms hereof and the Articles, and registration in the register of members of the SPAC, the Transferred Shares will be duly and validly issued, fully paid and non-assessable. 

(f) There are no actions, suits, investigations or proceedings pending or threatened against the SPAC which: (i) seek to restrain, enjoin
or prevent the consummation of the transactions contemplated by this Agreement or (ii) question the validity or legality of any such transactions or seek to recover damages or to obtain other relief in connection with any such transactions.

 (g) The Class A Shares issuable upon conversion of the Transferred Shares have been duly authorized and reserved for issuance upon
such conversion. 
 Section 3. Representations and Warranties of the Sponsor. The Sponsor hereby represents and warrants to the
Investor, as follows: 
 (a) The Sponsor has full power and authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby. 













 (b) This Agreement has been duly and validly executed and delivered by the Sponsor and
constitutes a legal, valid and binding obligation of the Sponsor enforceable against the Sponsor in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any
other laws of general application affecting enforcement of creditors’ rights generally or (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 

(c) The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and the performance by the Sponsor
of its obligations hereunder will not conflict with, or result in any violation of or default under, any agreement or other instrument to which the Sponsor is a party or by which the Sponsor is bound, or any decree, order, statute, rule or
regulation applicable to the Sponsor. 
 (d) No consent, approval, order or authorization of, or registration, qualification, designation,
declaration or filing with, any federal, state or local governmental authority is required on the part of the Sponsor in connection with the consummation of the transactions contemplated by this Agreement. 

(e) There are no actions, suits, investigations or proceedings pending or threatened against the Sponsor which: (i) seek to restrain,
enjoin, prevent the consummation of the transactions contemplated by this Agreement or (ii) question the validity or legality of any such transactions or seek to recover damages or to obtain other relief in connection with any such
transactions. 
 (f) Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Investor will have or receive good
title to the Transferred Shares, free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder, (ii) transfer restrictions under federal and state securities laws and (iii) liens,
claims or encumbrances imposed due to the actions of the Investor. 
 (g) The Sponsor is not, and in connection with this Agreement is not
acting as, an agent, representative, intermediary or nominee for any person identified on the list of blocked persons maintained by the Office of Foreign Assets Control of the U.S. Treasury Department; and the Sponsor has complied in all material
respects with all applicable U.S. laws, regulations, directives and executive orders relating to anti-money laundering. 
 Section 4.
Representations and Warranties of the Investor. The Investor hereby represents and warrants to the SPAC and the Sponsor, as follows: 

(a) The Investor has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. 

(b) This Agreement has been duly and validly executed and delivered by the Investor and constitutes a legal, valid and binding obligation of
the Investor enforceable against the Investor in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general application affecting
enforcement of creditors’ rights generally or (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 













 (c) The execution and delivery of this Agreement, the consummation of the transactions
contemplated hereby and the performance by the Investor of its obligations hereunder will not conflict with, or result in any violation of or default under, any agreement or other instrument to which the Investor is a party or by which the Investor
is bound, or any decree, order, statute, rule or regulation applicable to the Investor, in each case except as would not have a material adverse effect on the ability of the Investor to consummate the transactions contemplated by this Agreement or
perform its obligations hereunder. 
 (d) No consent, approval, order or authorization of, or registration, qualification, designation,
declaration or filing with, any federal, state or local governmental authority is required on the part of the Investor in connection with the consummation of the transactions contemplated by this Agreement (other than effectiveness of the
Registration Statement for the submission of any order in the IPO). 
 (e) The Investor is an “accredited investor” as that term is
defined in Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits
and risks of the Investor’s investment in the Securities, of making an informed investment decision with respect thereto, and has the ability and capacity to protect the Investor’s interests. 

(f) The Investor hereby confirms that the Founder Shares, and the Class A Shares issuable upon conversion of the Founder Shares (together,
the “Securities”), to be acquired by the Investor will be acquired for investment for the Investor’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the
Investor has no present intention of selling, granting any participation in, or otherwise distributing the same in violation of law. By executing this Agreement, the Investor further represents that the Investor does not presently have any contract,
undertaking, agreement or arrangement with any person or entity to sell, transfer or grant participations to such person or entity (other than any of its controlled affiliates that agree to be bound by this Agreement with the same duties and
obligations of the Investor hereunder) or to any third party, with respect to any of the Securities. 
 (g) The Investor has reviewed the
Registration Statement and has had the opportunity to ask questions and receive answers from the officers and directors of the SPAC concerning the proposed business, management, financial condition and affairs of the SPAC and the terms and
conditions of the IPO, the Units, the Class A Shares, the Warrants and the Founder Shares, and understands the terms and conditions of the IPO and such securities. 

(h) The Investor understands that the offer and sale of the Securities to the Investor has not been, and will not be, registered under the
Securities Act, by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Investor’s
representations as expressed herein. The Investor understands that the Securities are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, the Investor must hold the Securities
indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. The Investor understands that no public market now exists for the














 Securities and that the SPAC has made no assurances that a public market will ever exist for the Securities.
The Investor acknowledges that the SPAC has no obligation to register or qualify the Securities for resale except pursuant to the Registration Rights Agreement (as defined below). The Investor further acknowledges that if an exemption from
registration or qualification is available, the exemption may be conditioned on various requirements including the time and manner of sale, the holding period for the Securities, and on requirements relating to the SPAC which are outside of the
parties’ control, and which the SPAC is under no obligation and may not be able to satisfy. The Investor understands that the offering of the Securities is not, and is not intended to be, part of the IPO, and that the Investor will not be able
to rely on the protection of Section 11 of the Securities Act with respect to the Securities. 
 (i) To the Investor’s knowledge,
there are no actions, suits, investigations or proceedings pending or threatened against the Investor which: (i) seek to restrain, enjoin, prevent the consummation of the transactions contemplated by this Agreement or (ii) question the
validity or legality of any such transactions or seek to recover damages or to obtain other relief in connection with any such transactions. 

Section 5. Additional Agreements and Acknowledgements of the Investor. 

(a) The Investor agrees not to Transfer (as defined below) any Transferred Shares or the Class A Shares issuable upon conversion of the
Transferred Shares held by it until the earliest of (i) one year after the date the SPAC consummates a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more
businesses or entities (a “Business Combination”), (ii) the earlier to occur of, subsequent to a Business Combination, (A) the first date on which the last reported sale price of the Class A Shares equals or exceeds $12.00
per share (as adjusted for share sub-divisions, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30- trading day
period commencing at least 120 days after the consummation of a Business Combination and (B) the date on which the SPAC consummates a subsequent liquidation, merger, share exchange or other similar transaction which results in all of the
SPAC’s shareholders having the right to exchange their Class A Shares for cash, securities or other property and (iii) such earlier date as the Sponsor Transfers its Founder Shares or the Class A Shares issued upon conversion
thereof- (and in such case only in the same proportion as the Sponsor Transfers its Founder Shares or Class A Shares issued upon conversion thereof). Notwithstanding the foregoing, Transfers of the Transferred Shares and the Class A Shares
issuable upon conversion of the Transferred Shares are permitted (i) to the SPAC’s officers or directors, any affiliates or family members of any of the SPAC’s officers or directors, any members or partners of the Sponsor or their
affiliates, any affiliates of the Sponsor, or any employees of such affiliates; (ii) 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 Transferred
Shares were originally purchased; (iii) by virtue of the Investor’s organizational documents upon liquidation or dissolution of the Investor; (iv) to the SPAC for no value for cancellation in connection with the consummation of an
initial Business Combination, (v) in the event of the SPAC’s liquidation prior to the completion of a Business Combination; (vi) in the event of the SPAC’s liquidation, merger, share exchange or other similar transaction which
results in all of the SPAC’s public shareholders having the right to exchange their Class A Shares for cash, securities or other property subsequent to the completion of an initial Business Combination; or (vii) to the Investor’s
controlled affiliates that agree in writing to be bound by 













 this Agreement with the same duties and obligations of the Investor hereunder; provided,
however, that in the case of clause (i) such permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and in the case of clause (vii) such controlled affiliates must agree in
writing to be bound by this Agreement with the same duties and obligations of the Investor hereunder. As used herein, “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 U.S. Securities and Exchange 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 or (C) public announcement of any intention to effect any transaction specified in clause (A) or (B). 

(b) The Investor acknowledges that the SPAC was formed for the purpose of effecting a Business Combination. The Investor agrees that if the
SPAC seeks shareholder approval of a proposed Business Combination, then in connection with such proposed Business Combination, the Investor shall vote all its Founder Shares in favor of such proposed Business Combination (including any proposals
recommended by the Board of Directors of the SPAC in connection with such Business Combination). 
 (c) The Investor acknowledges that it is
aware the SPAC will establish a trust account (the “Trust Account”) for the benefit of its public shareholders upon the closing of the IPO. The Investor agrees that it 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 SPAC as a result of any liquidation of the SPAC, except for redemption and liquidation rights, if any, the Investor may have in respect of any Class A Shares (other than those issuable
upon conversion of any Transferred Shares) held by it. 
 (d) In connection with the IPO, the SPAC shall enter into a registration rights
agreement (the “Registration Rights Agreement”) with the Sponsor, the Investor and certain other parties thereto. The Registration Rights Agreement shall provide the Investor with registration rights with respect to the Transferred
Shares (and underlying Class A Shares) that are not less favorable in any material respect to the Investor than the registration rights of the Sponsor set forth therein. 

(e) The SPAC shall not, without the written consent of the Investor, use in advertising, publicity or otherwise, in each case in writing, the
name of the Investor or any of its affiliates, or any director, officer or employee of the Investor or any of its affiliates, nor any trade name, trademark, trade device, service mark, symbol or any abbreviation, contraction or simulation thereof
owned by the Investor or its affiliates or any information relating to the business or operations of the Investor or its affiliates. Notwithstanding the foregoing, the SPAC may use or disclose the Investor’s name and information concerning the
Investor, and publicly file any agreement to which the Investor is a party, (a) in the Registration Statement, (b) in connection with the IPO roadshow or (c) to the SPAC’s lawyers, independent accountants and to other advisors
and service providers who reasonably require the Investor’s information in connection with the provision of services to the SPAC, are advised of the confidential nature of such information and 













 are obligated to keep such information confidential. The SPAC agrees to provide to the Investor for the
Investor’s review any disclosure in any registration statement, proxy statement or other document in advance of the submission, filing or disclosure of such document in connection with the transactions contemplated by this Agreement with
respect to the Investor or any of its affiliates, and will not make any such submission, filing or disclosure without including any revisions reasonably requested in writing by the Investor or to the extent the Investor has a good faith objection to
such submission, filing or disclosure. 
 Section 6. Board Observer. Until the SPAC consummates a Business Combination, the SPAC
shall invite a representative of the Investor (a “Board Observer”) to attend all meetings of the Board of Directors of the SPAC (the “Board”) in a nonvoting observer capacity and, in this respect, shall upon request
provide to the Board Observer copies of all notices, minutes, consents, and other materials that it provides to all of its directors; provided, however, that the SPAC reserves the right to withhold any information and to exclude the Board
Observer from any meeting or portion thereof if access to such information or attendance at such meeting could adversely affect the attorney-client privilege between the SPAC and its counsel or result in disclosure of trade secrets or a conflict of
interest. The Investor shall hold in confidence all Board materials that the Board Observer receives and all material non-public information provided by the SPAC in connection with meetings of the Board and any material non-public information
learned during the meetings of the Board (collectively, the “Board Information”). At least five (5) days in advance of any meeting of the Board, the SPAC shall provide to the Board Observer an agenda of the matters to be
addressed at such meeting, including any potential Business Combination targets to be discussed at the meeting. 
 Section 7.
Matters Relating to Restricted Securities. Following the expiration of the transfer restrictions set forth in Section 5(a) above, if the Transferred Shares are eligible to be sold without restriction under, and without the SPAC being in
compliance with the current public information requirements of, Rule 144 under the Securities Act, or if they are registered for resale under the Securities Act pursuant to a resale registration statement, then at the Investor’s written
request, the SPAC will cause the SPAC’s transfer agent to remove any transfer restriction legend, subject to compliance by the Investor with the reasonable and customary procedures for such removal required by the Investor or its transfer
agent. In connection therewith, if required by the SPAC’s transfer agent, the SPAC will promptly cause an opinion of counsel to be delivered to and maintained with its transfer agent, together with any other authorizations, certificates and
directions required by the transfer agent that authorize and direct the transfer agent to issue such Transferred Shares without any such legend, all at the sole expense of the Investor. 

Section 8. Miscellaneous. 

(a) The parties hereto (i) acknowledge that (A) neither the Investor nor any of its affiliates is providing any services to the SPAC,
the Sponsor or their respective affiliates in connection with the transactions contemplated hereby and (B) the Transferred Shares are being transferred solely in exchange for cash, which was the result of arms-length negotiations among the
parties, and (ii) except to the extent otherwise required by law, agree not to take any tax position inconsistent with the foregoing. 













 (b) Each party shall bear its own fees and expenses incurred in connection with this
Agreement and the transactions contemplated hereby, including all fees and expenses of agents, representatives, financial advisors, legal counsel and accountants. 

(c) This Agreement shall be governed by the internal laws of the State of New York, without giving effect to any principles of conflicts of law
thereof. 
 (d) THE PARTIES HERETO HEREBY WAIVE ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION PURSUANT TO THIS AGREEMENT AND
THE TRANSACTIONS CONTEMPLATED HEREBY 
 (e) This Agreement may not be amended, modified or waived without the written consent of each of the
parties hereto. 
 (f) The rights and obligations under this Agreement may not be assigned by any party hereto without the prior written
consent of the other parties hereto. 
 (g) From time to time, at the reasonable request of any of the other parties hereto, each party
hereto shall execute and deliver to the other parties hereto such additional documents and instruments and take such further lawful action as may be necessary to consummate and make effective, in the most expeditious manner practicable, the
transactions contemplated by this Agreement. 
 (h) Any term or provision of this Agreement which is invalid or unenforceable shall be
ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining rights of the person intended to be benefited by such provision or any other provisions of this Agreement. 

(i) This Agreement may be executed in two or more counterparts, each of which shall constitute an original, and all of which taken together
shall constitute one and the same instrument. This Agreement may be executed electronically through customary means and any signature page delivered by a facsimile machine or electronic mail shall be binding to the same extent as an original
signature page. 
 (j) This Agreement amends and restates, and supersedes in its entirety, the Investment Agreement dated as of July 20, 2021
by and among the parties hereto. 
 (k) This Agreement, together with the Registration Rights Agreement, embody the entire agreement and
understanding among the Investor, the SPAC and the Sponsor with respect to the Transferred Shares and supersedes all prior oral or written agreements and understandings relating to the Transferred Shares. No statement, representation, warranty,
covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement. 













 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first
written above. 
  

			
	THE INVESTOR:
	
	CABLE ONE, INC.
		
	By:	 	 /s/ Steven S. Cochran

	Name:	 	Steven S. Cochran
	Title:	 	Chief Financial Officer
		
	SPAC:	 	
	
	TRISTAR ACQUISITION I CORP.
		
	By:	 	 /s/ William M. Mounger II

	Name:	 	William M. Mounger II
	Title:	 	Chief Executive Officer
	
	SPONSOR:
	
	TRISTAR HOLDINGS I LLC
		
	By:	 	 /s/ William M. Mounger II

	Name:	 	William M. Mounger II
	Title:	 	Managing Member


 Signature Page to Investment Agreement