Document:

EX-4.4

 Exhibit 4.4 

NEW YORK, NEW YORK, 

August 20, 2020 
 Despegar.com, Corp.

 Commerce House, Wickhams Cay 1 
 P.O. Box 3140, Road Town

 Tortola, British Virgin Islands 
 RE:
IRREVOCABLE OFFER IRA 001/2020 
 Ref: Letter Agreement (Investors’ Rights Agreement) 

Dear Sirs, 
 We address to you on
behalf of Expedia, Inc., a Washington corporation (“Expedia”) in connection with the Sixth Amended and Restated Investors’ Rights Agreement (the “Agreement”), entered into by Despegar.com, Corp. a business
company incorporated in the British Virgin Islands (the “Company”), Expedia and the other shareholders named therein. We hereby present you with an Letter Agreement between Expedia and the Company with respect to the extension of
Expedia’s registration rights pursuant to the Sixth Amended and Restated Investors’ Rights Agreement attached hereto as Annex A. 

This Offer shall terminate at 5:00 p.m. (New York City time) on August 20, 2020 (the “Expiration Time”)
unless accepted prior thereto. 
 This Offer shall be deemed unconditionally and irrevocably accepted by the Company if the
Company sends to Expedia a letter accepting this Offer, issued in accordance with Section 6.4 of the Agreement on or before the Expiration Time. Should this Offer be accepted, the terms and conditions attached as Annex A will be valid and
binding. 
  

	
	 Sincerely,

	
	 Expedia, Inc.

	
	 /s/ Eric Hart

	
	 Name: Eric Hart

	
	 Title: Authorized Person

  
 1 

 Annex A 

LETTER AGREEMENT 
 This letter agreement
(“Letter Agreement”) among Despegar.com, Corp. (the “Company”) and Expedia, Inc. (“Expedia”) is effective as of the Expiration Time of the Offer (the “Agreement Date”) (the
“Parties”). 
 Reference is made to the Sixth Amended and Restated Investors’ Rights Agreement (the “IRA”), dated as
of August 29, 2017 by and among the Company, Expedia and the and the other shareholders named therein. 
 The Parties desire to extend the term of the
registration rights provided in the IRA to Expedia, on the terms set forth in this Letter Agreement. For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows. 

All capitalized terms, where not defined in this Letter Agreement, shall have the meanings set out in the IRA. From and after the Agreement Date, the Parties
agree as follows: 
  

	1.	 REGISTRATION RIGHTS. The Company hereby extends the registration rights provided to Expedia in Article
II of the IRA, on the terms and conditions set forth in the IRA, for the period beginning upon the expiration of such rights with respect to Expedia and ending two (2) years thereafter,; provided that such extension shall be subject to
Expedia granting a waiver of its rights with respect to Section 2.11 of the IRA substantially in the form provided to Expedia prior to the date hereof. 

  

	2.	 GENERAL. Except as expressly modified herein among the Parties, all terms, conditions and provisions of
the IRA shall continue in full force and effect as set forth in the IRA immediately prior to the effectiveness of the Letter Agreement including without limitation the confidentiality provisions in Section 6.7 of the IRA). In the event of a
conflict between the terms and conditions of the IRA and the terms and conditions of this Letter Agreement, the terms and conditions of this Letter Agreement shall prevail. Each Party represents and warrants to the other Party that this Letter
Agreement has been duly authorized, executed and delivered by it and constitutes a valid and legally binding agreement with respect to the subject matter contained herein. Each Party agrees that the IRA, with the extension of Expedia’s
registration rights in accordance with this Letter Agreement, constitutes the complete and exclusive statement of the agreement between the Parties, and supersedes all prior proposals and understandings, oral and written, relating to the subject
matter contained herein. This Letter Agreement shall not be modified or rescinded except in writing signed by all of the Parties. This Letter Agreement may be signed in two or more counterparts, each of which will be deemed an original, and all of
which together will constitute one and the same instrument. All signatures of the parties may be transmitted by facsimile, and such facsimile will, for all purposes, be deemed to be the original signature of such Party whose signature it reproduces
and will be binding on such Party. This Letter Agreement shall be governed by and construed in accordance with the Laws of the State of New York applicable to agreements made and to be performed entirely within such State, without regard to the
conflict of Laws principles of such State. To the extent the Company or any of its Affiliates believes a disclosure of the existence of this Letter Agreement and/or any of its terms may be required under application law or regulation or the rules of
any applicable securities exchange, the Parties shall coordinate to ensure appropriate redaction of Expedia’s commercially sensitive information is implemented to the satisfaction of Expedia prior to any such filing. This provision shall
survive termination or expiry of this Letter Agreement. 

  
 2Exhibit 10.1

 

Execution Version

 

WAIVER AND CONSENT TO AMENDED AND RESTATED
CREDIT AGREEMENT

 

THIS WAIVER AND CONSENT TO AMENDED AND
RESTATED CREDIT AGREEMENT (this “Waiver”), dated as of August 20, 2020 (the “Waiver Effective
Date”), is made by and among PURPLE INNOVATION, LLC, a Delaware limited liability company (“Borrower”)
and COLISEUM CAPITAL PARTNERS, L.P. (“CCP”), BLACKWELL PARTNERS LLC-Series A (“Blackwell”),
COLISEUM CO-INVEST DEBT FUND, L.P. (together with CCP and Blackwell, “Lenders”). Capitalized terms used
but not otherwise defined herein shall have the meanings provided in the Amended and Restated Credit Agreement (as defined herein).

 

W I T N E S S E T H

 

WHEREAS, reference is hereby made
to that certain Amended and Restated Credit Agreement by and among Borrower and Lenders party thereto, dated as of February 26,
2019, as amended by the First Amendment dated as of March 27, 2020 and the Second Amendment dated as of May 15, 2020 (as may be
further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Amended
and Restated Credit Agreement”); and

 

WHEREAS, Borrower has requested
that Lenders prospectively waive (the “Change of Control Waiver”) the Event of Default that would arise
under Section 6.1(h) of the Amended and Restated Credit Agreement resulting from (i) the exchange of some or all of the Class B
Common Stock and paired Class B Units of the Parent Guarantor held by InnoHold, LLC (“InnoHold”) for
Class A Common Stock of Parent Guarantor, (ii) the sale by InnoHold of such Class A Common Stock and (iii) as a result of such
sale, InnoHold ceasing to retain an ownership interest in Parent Guarantor of at least 25% of the aggregate equity interests in
Parent Guarantor (the foregoing clauses (i) through (iii) being referred to herein, collectively, as the “Change of
Control Transaction”);

 

WHEREAS, upon the occurrence of
the Change of Control Transaction, (i) Lenders would be entitled to accelerate all outstanding obligations under the Amended and
Restated Credit Agreement, which obligations would become immediately due and payable, (ii) Borrower would be required to pay a
premium in an amount equal to 6.0% of the then outstanding principal amount of the Loans (the “Applicable Premium”),
ratably to each Lender in accordance with its respective percentage of outstanding Loans, and for the avoidance of doubt such Applicable
Premium shall replace and be paid in lieu of any prepayment premium amount otherwise owing under the Amended and Restated Credit
Agreement including the 6% prepayment premium otherwise payable upon payoff of the Loans, and (iii) Loans would bear interest at
the default rate set forth in Section 1.2(b) of the Amended and Restated Credit Agreement (the “Default Rate”);

 

WHEREAS, subject to the terms and
conditions set forth herein, Lenders have agreed to provide the Change of Control Waiver.

 

NOW, THEREFORE, in consideration
of the premises, the covenants and agreements contained herein, and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties do hereby agree as follows:

 

STATEMENT OF TERMS

 

1. Waiver.
Subject to the conditions set forth in Section 3 of this Waiver, Lenders shall be deemed to have granted the Change of Control
Waiver upon the occurrence of the Change of Control Transaction during the period commencing on the Waiver Effective Date and ending
on September 30, 2020 (the “Waiver Period”).

 

     

     

    

 

2. Representations
and Warranties. To induce Lenders to enter into this Waiver, Borrower and Parent Guarantor hereby represent and warrant
to each Lender as follows: (a) each representation and warranty set forth in the Amended and Restated Credit Agreement is true
and correct in all material respects (without duplication of any materiality qualifiers already set forth therein) as of the date
of the Amended and Restated Credit Agreement (except to the extent such representation or warranty relates to an earlier date,
in which case such representation or warranty shall be true and correct in all material respects (without duplication of any materiality
qualifiers already set forth therein) on and as of such earlier date); (b) no Default or Event of Default has occurred and after
giving effect to this Waiver, no Default or Event of Default will exist or be continuing as of the date hereof; (c) Borrower and
Parent Guarantor each has the power and is duly authorized to enter into, deliver and perform this Waiver and to perform its obligations
under the Amended and Restated Credit Agreement; and (d) each of this Waiver and the Amended and Restated Credit Agreement constitutes
the legal, valid and binding obligation of Borrower and Parent Guarantor enforceable against each in accordance with its terms,
except as enforceability may be limited by applicable bankruptcy, insolvency or other similar laws affecting creditors’ rights
generally or equitable principles relating to enforceability.

 

3. Conditions
Precedent to Effectiveness of this Waiver. The effectiveness of the Change of Control Waiver upon the Change of Control
Transaction is subject to the fulfillment of the following conditions precedent, as determined by Lenders:

 

(a) Lenders shall have
received a duly executed copy of this Waiver;

 

(b) Upon the occurrence
of a Change of Control Transaction, the Applicable Premium owing to each Lender shall be paid by adding the amount thereof to the
principal amount of the Loan owing to such Lender (which amount shall thereafter constitute part of such Loan) and notwithstanding
anything to the contrary, no further prepayment premium shall be payable for any prepayment occurring after the occurrence of such
Change of Control Transaction;

 

(c) Notwithstanding the
Change of Control Waiver, upon the occurrence of a Change of Control Transaction, interest on the Loans shall be increased to the
Default Rate until all obligations under the Amended and Restated Credit Agreement have been paid in full; and

 

(d) No Default or Event
of Default, other than an Event of Default as a result of a Change of Control Transaction, shall have occurred and be continuing
or shall be caused as a result of giving effect to this Waiver.

 

Notwithstanding anything to the contrary,
the modification described in clauses (b) and (c) shall not occur if the Change of Control Transaction is not consummated within
the Waiver Period. For the avoidance of doubt, the parties to the Amended and Restated Credit Agreement collectively agree, consistent
with the intent of this Waiver, that there is no Change in Control Transaction, and no Default or Event of Default, during the
Waiver Period if (i) InnoHold sell its interests in Parent Guarantor down to but not below 25% and (ii) thereafter, exercises of
options or warrants by third parties during the Waiver Period results in InnoHold ceasing to retain an ownership interest in Parent
Guarantor of 25% or more of the aggregate equity interests in Parent Guarantor by a di minimis amount thereunder; provided, any
such di minimis reduction in ownership below 25% in the aggregate shall not exceed 1% (meaning InnoHold shall retain at least a
24% aggregate ownership interest in the equity securities of Parent Guarantor), and accordingly (x) any such exercise of options
or warrants exceeding 1% thereby causing InnoHold’s ownership to be reduced to below 24% during the Waiver Period or (y)
any reduction below 25% existing at the end of the Waiver Period, there shall be deemed to be a Change of Control Transaction in
accordance with this Waiver on the date either of such events occur.

 

    2

     

    

 

4. Continuing
Effect of Amended and Restated Credit Agreement. Except as expressly waived, amended and modified hereby, the provisions
of the Amended and Restated Credit Agreement, are and shall remain in full force and effect, and are hereby ratified and confirmed
by Borrower and Parent Guarantor.

 

5. Release.
In consideration of the agreements of Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, each of Borrower and Parent Guarantor, on behalf of itself and its successors and assigns (individually,
a “Releasing Party”, and collectively, the “Releasing Parties”), hereby absolutely,
unconditionally and irrevocably releases, remises and forever discharges Lenders and their successors and assigns, and their respective
present and former affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other
representatives (each of Lenders and all such other Persons being hereinafter referred to collectively as the “Releasees”
and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, covenants,
contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims,
counterclaims, defenses, rights of set off, demands and liabilities (collectively, “Claims”) whatsoever
of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which the Releasing Parties or
any of them may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason
of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Waiver
for or on account of, or in relation to, or in any way in connection with the Obligations, the Amended and Restated Credit Agreement
or any of the Loan Documents, or transactions, course of performance or course of dealing thereunder or related thereto; provided
that, in each case, the foregoing release shall not apply to (a) Claims of fraud or willful misconduct or (b) Claims against any
Releasee in such Releasee’s capacity as a holder of Equity Interests in Borrower or Parent Guarantor.

 

6. Amended
and Restated Credit Agreement Provisions. THIS WAIVER SHALL BE SUBJECT TO THE PROVISIONS REGARDING GOVERNING LAW
SET FORTH IN SECTION 8.10 OF THE AMENDED AND RESTATED CREDIT AGREEMENT AND SUCH PROVISIONS ARE INCORPORATED HEREIN BY REFERENCE,
MUTATIS MUTANDIS.

 

7. Counterparts.
This Waiver is a Loan Document and may be executed in multiple counterparts, each of which shall be deemed to be an original and
all of which when taken together shall constitute one and the same instrument. Any signature delivered by a party via facsimile
or other electronic delivery shall be deemed to be an original signature hereto.

 

[Signatures on Following
Pages]

    3

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Waiver to be duly executed and delivered as of the day and year first specified above.

 

	 	BORROWER:
	 	 
	 	PURPLE INNOVATION, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By: 	/s/ Joseph B. Megibow
	 	Name:  	Joseph B. Megibow
	 	Title:	CEO
	 	 	 
	 	PARENT GUARANTOR:
	 	 
	 	PURPLE INNOVATION, INC.,
	 	a Delaware corporation
	 	 	 
	 	By: 	/s/ Joseph B. Megibow
	 	Name:	Joseph B. Megibow
	 	Title:	CEO

 

[Signature Page to
Amendment]

     

     

    

 

	 	LENDERS:
	 	 
	 	COLISEUM CAPITAL PARTNERS, L.P.
	 	By:  Coliseum Capital, LLC, its General Partner
	 	 	 	 
	 	By:	/s/ Christopher Shackelton
	 	 	Name:	Christopher Shackelton
	 	 	Title:	Manager
	 	 	 	 
	 	BLACKWELL PARTNERS LLC – Series A
	 	By:  Coliseum Capital Management, LLC,

 its Attorney-in-Fact
	 	 	 	 
	 	By:	/s/ Christopher Shackelton
	 	 	Name:	Christopher Shackelton
	 	 	Title:	Managing Partner
	 	 	 	 
	 	COLISEUM CO-INVEST DEBT FUND, L.P.
	 	By:  Coliseum Capital, LLC, its General Partner
	 	 	 	 
	 	By:	/s/ Christopher Shackelton
	 	 	Name:	Christopher Shackelton
	 	 	Title:	Managing

 

 

 

 

[Signature Page to Amendment]

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