Document:

EX-10.1

 Exhibit 10.1 

January 24, 2021 
 TS Innovation
Acquisitions Corp. 
 45 Rockefeller Plaza 
 New York, NY 10111

 Attention: Paul A. Galiano 
 Email:
pgaliano@tishmanspeyer.com 
 Latch, Inc. 
 508 West 26th
Street, Suite 6G 
 New York, NY 10001 
 Attention: Priyen Patel

 Email: Priyen.patel@latch.com 
  

			
	   Re:
	  	 Sponsor Agreement

 Ladies and Gentlemen: 
 This
letter (this “Sponsor Agreement”) is being delivered to you in accordance with that certain Agreement and Plan of Merger, dated as of the date hereof (the “Merger Agreement”), by and among TS
Innovation Acquisitions Corp., a Delaware corporation (“TSIA”), Latch, Inc., a Delaware corporation (the “Company”), and Lionet Merger Sub Inc., a Delaware corporation (“Merger
Sub”), pursuant to which Merger Sub shall merge with and into the Company, with the Company surviving the merger (the “Merger”, and, together with the other transactions contemplated by the Merger Agreement, the
“Business Combination”). This Sponsor Agreement hereby amends and restates in its entirety that certain letter, dated November 9, 2020, from TS Innovation Acquisitions Sponsor, L.L.C., a Delaware limited liability
company (the “Sponsor”), and the undersigned individuals, each of whom is a member of TSIA’s board of directors and/or management team (each, an “Insider” and collectively, the
“Insiders”), to TSIA (the “Prior Letter Agreement”). Certain capitalized terms used herein are defined in paragraph 6 hereof. Capitalized terms used but not otherwise defined herein shall have the
respective meanings ascribed to such terms in the Merger Agreement. 
 The Sponsor and certain Insiders are currently, and as of the Closing will be, the
record owners of all of the outstanding Founder Shares and outstanding Private Placement Warrants, with the Sponsor and Insider’s ownership as of the date hereof detailed on Schedule A hereto. 

In order to induce the Company and TSIA to enter into the Merger Agreement and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Sponsor and each Insider hereby agrees with TSIA and, at all times prior to any valid termination of the Merger Agreement, the Company as follows: 

1. The Sponsor and each Insider irrevocably agrees that it, he or she shall: 
  

	 	a)	 vote any Common Stock and Founder Shares owned by it, him or her (all such common stock, the
“Covered Shares”) in favor of the Proposals and each other proposal related to the Business Combination included on the agenda for the Special Meeting; 

 

	 	b)	 when such Special Meeting is held, appear at such Special Meeting or otherwise cause the Covered Shares to be
counted as present thereat for the purpose of establishing a quorum; 

  

	 	c)	 vote (or execute and return an action by written consent), or cause to be voted at such meeting, or validly
execute and return and cause such consent to be granted with respect to, all of such Covered Shares against any Business Combination Proposal and any other action that would reasonably be expected to impede, interfere with, delay, postpone or
adversely affect the Merger or any of the other transactions contemplated by the Merger Agreement, result in a breach of any covenant, representation or warranty or other obligation or agreement of TSIA or Merger Sub under the Merger Agreement,
result in a breach of any covenant, representation or warranty or other obligation or agreement of the Sponsor or the Insiders contained in this Sponsor Agreement or result in any of the conditions set forth in Article 8 of the Merger Agreement not
being fulfilled; 

	 	d)	 vote (or execute and return an action by written consent), or cause to be voted at such meeting, or validly
execute and return and cause such consent to be granted with respect to, all of such Covered Shares against any change in business, management or TSIA Board (other than in connection with the Business Combination and the other proposals related to
the Business Combination); and 

  

	 	e)	 not redeem any Covered Shares owned by it, him or her in connection with such stockholder
approval.

 Prior to any termination of the Merger Agreement in accordance with its terms, the Sponsor and each Insider
shall take, or cause to be taken, all actions and to do, or cause to be done, all things reasonably necessary under applicable Laws to consummate the Business Combination and the other transactions contemplated by the Merger Agreement on the terms
and subject to the conditions set forth therein. 
 The obligations of the Sponsor specified in this paragraph 1 shall apply whether or not
the Merger or any action described above is recommended by the TSIA Board. 
  

	2.	 The Sponsor and each Insider hereby agrees and acknowledges that: (i) TSIA and, prior to any termination
of the Merger Agreement in accordance with its terms, the Company would be irreparably injured in the event of a breach by the Sponsor or any Insider of its, his or her obligations under paragraphs 1 and 3, as applicable, of this Sponsor Agreement
(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. 

  

	3.	 Lock-up. 

 

	 	a)	 The Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder Shares (or any shares of
Common Stock issuable upon conversion thereof) until the earlier of (i) the date that is the one-year anniversary of the closing date of the Business Combination and (ii) subsequent to the Business
Combination, (x) the date on which the last reported sale price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20-trading days within any 30- trading day period commencing at least 150 days after the closing date of the Business Combination or (y) the date on which TSIA completes
a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of TSIA’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property (the
“Founder Shares Lock-up Period”). 

  

	 	b)	 The Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement Warrants (or
any share of Common Stock issued or issuable upon the exercise of the Private Placement Warrants), until 30 days after the closing date of the Business Combination (the “Private Placement Warrants
Lock-Up Period” and, together with the Founder Shares Lock-up Period, the “Lock-up
Periods”). 

  

	 	c)	 Notwithstanding the provisions set forth in paragraph 3(a) and (b), Transfers of the Founder Shares, Private
Placement Warrants and shares of Common Stock issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares that are held by the Sponsor, any Insider or any of their permitted transferees (that have
complied with this paragraph 3(c)), are permitted (a) to TSIA’s officers or directors, any affiliate or family member of any of TSIA’s officers or directors, any affiliate or member of the Sponsor or to any of their employees,
officers and directors or any family members or affiliates of any of the foregoing; (b) in the case of an individual, by gift to a member of such individual’s immediate family or to a trust, the beneficiary

  
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of which is a member of such individual’s immediate family, an affiliate of such individual or to a charitable organization; (c) in the case of an individual, by virtue of laws of
descent and distribution upon death of such 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 any forward purchase agreement or similar
arrangement or in connection with the consummation of the Business Combination at prices no greater than the price at which the securities were originally purchased; provided, however, that in the case of clauses (a) through (e), these
permitted transferees must enter into a written agreement with TSIA agreeing to be bound by the transfer restrictions herein and the other restrictions contained in this Sponsor Agreement (including provisions relating to voting, the Trust Account
and liquidating distributions). 

  

	4.	 Vesting Provisions. The Sponsor agrees that, as of immediately prior to (but subject to) the Closing,
all of the Founder Shares held by the Sponsor as of the Closing shall be subject to the vesting and forfeiture provisions set forth in this paragraph 4. The Sponsor agrees that it shall not (and will cause its Affiliates not to) Transfer any
unvested Founder Shares held by the Sponsor prior to the date such Founder Shares become vested pursuant to this paragraph 4, except to the extent permitted by paragraph 3(c). For the avoidance of doubt, the Founder Shares beneficially owned by the
individual Insiders other than the Sponsor shall not be subject to vesting or forfeiture. 

  

	 	a)	 Vesting of Founder Shares. 

 

	 	i)	 Vesting of Shares at Closing. 90% of the Founder Shares Beneficially Owned by the Sponsor as of the
Closing shall vest at Closing. 

  

	 	ii)	 Performance Vesting of Shares following the Closing. 10% of the Founder Shares Beneficially Owned by the
Sponsor as of the Closing shall vest at such time as the Stock Price Level is achieved on or before the five year anniversary of the Closing Date. For the avoidance of doubt, if the Stock Price Level is not achieved on or prior to the five year
anniversary of the Closing Date, the Founder Shares that were eligible to vest pursuant to this paragraph 4(a)(ii) shall not vest and shall be forfeited as provided in paragraph 4(b). 

 

	 	b)	 Forfeiture of Unvested Founder Shares. Unvested Founder Shares that are forfeited pursuant to paragraph
4(a)(ii) shall be transferred by the Sponsor to TSIA, without any consideration for such Transfer. 

  

	 	c)	 Stock Price Level. For purposes of this paragraph 4, the “Stock Price Level”
will be considered achieved only (a) the date on which the VWAP of Common Stock on the Nasdaq Capital Market equals or exceeds $14.00 for any 20 trading days within a 30 trading day period or (b) in a TSIA Sale, the price paid per share of
Common Stock in such TSIA Sale is greater than or equal to $14.00. The Stock Price Level will be equitably adjusted as applicable pursuant to paragraph 4(e). 

  

	 	d)	 TSIA Sale. Notwithstanding the foregoing, in the event TSIA enters into a binding agreement with respect
to a TSIA Sale on or before the five year anniversary of the Closing Date, all unvested Founder Shares Beneficially Owned by the Sponsor shall vest on the day prior to the closing of such TSIA Sale if the price paid per share of Common Stock in such
TSIA Sale meets or exceeds the Stock Price Level (to the extent the price paid per share includes contingent consideration or property other than cash, the disinterested members of the TSIA Board shall determine the price paid per share of Common
Stock in such TSIA Sale in good faith); provided, that in the event the price paid per share of Common Stock in such TSIA Sale does not meet or exceed the Stock Price Level, such unvested Founder Shares shall be deemed cancelled without any
consideration on the day prior to the closing of such TSIA Sale. For avoidance of doubt, following a transaction or business combination that is not a “TSIA Sale” hereunder, including a transaction or business combination in which the
equity securities of the surviving entity of such business combination or other transaction are registered under the Exchange Act and listed or quoted for trading on a national securities exchange, any unvested Founder Shares shall remain subject to
vesting pursuant to paragraph 4(a)(ii) (after giving effect to the equitable adjustment provisions of paragraph 4(e), including, without limitation, to the performance vesting criteria set forth in this paragraph 4). 

  
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	 	e)	 If TSIA shall, at any time or from time to time after the date hereof, effect a subdivision, stock split, stock
dividend, combination or reclassification with respect to the Founder Shares or Private Placement Warrants, or there occur changes in the Founder Shares or Private Placement Warrants as a result of a merger, consolidation, reorganization,
recapitalization or business combination involving TSIA, or by any other similar means, then, in each case, equitable adjustment shall be made to the provisions of this Sponsor Agreement as may be required so that the rights, privileges, duties and
obligations hereunder shall continue with respect to TSIA, TSIA’s successor or the surviving entity of such transaction, the Founder Shares and Private Placement Warrants, each as so changed. 

 

	5.	 Sponsor and each Insider hereby agrees that, during the period commencing on the date hereof and ending at the
earlier of the Effective Time or termination of the Merger Agreement in accordance with its terms, Sponsor and each Insider shall not modify or amend any Contract between or among Sponsor or such Insider, anyone related by blood, marriage or
adoption to Sponsor or such Insider or any Affiliate of Sponsor or such Insider (other than TSIA and its Subsidiaries), on the one hand, and TSIA or any of TSIA’s Subsidiaries, on the other hand, that would contradict, limit, restrict or impair
(x) any party’s ability to perform or satisfy any obligation under this Sponsor Agreement or (y) the Company’s or TSIA’s ability to perform or satisfy any obligation under the Merger Agreement. 

 

	6.	 As used herein, (i) “Beneficially Own” has the meaning ascribed to it in
Section 13(d) of the Securities Exchange Act; (ii) “Founder Shares” shall mean the shares of Class B common stock, par value $0.0001 per share, and the shares of Common Stock issuable upon conversion of such shares
in connection with the Closing; (iii) “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 Exchange Act, and the rules and
regulations 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); (iv) “Common
Stock” shall mean the Class A Common Stock, par value $0.0001 per share of TSIA that the Sponsor purchased in a private placement, and one-half of one redeemable warrant to
purchase shares of Common Stock; (v) “Private Placement Warrants” shall mean the TSIA Warrants to purchase up to 5,333,334 shares of Common Stock that the Sponsor purchased for an
aggregate purchase price $8,000,000, or $1.50 per Warrant, in a private placement that occurred simultaneously with the consummation of TSIA’s initial public offering; and (vi) “TSIA Sale” shall mean the occurrence of
any of the following events (which, for the avoidance of doubt, shall not include the Business Combination): (a) any Person or any group of Persons acting together which would constitute a “group” for purposes of Section 13(d) of
the Exchange Act or any successor provisions thereto is or becomes the beneficial owner, directly or indirectly, of securities of TSIA representing more than 50% of the combined voting power of TSIA’s then outstanding voting securities,
(b) there is consummated a merger or consolidation of TSIA with any other corporation or other entity, and, immediately after the consummation of such merger or consolidation, either (x) the TSIA Board immediately prior to the merger or
consolidation does not constitute at least a majority of the board of directors of the company surviving the merger or, if the surviving company is a Subsidiary, the ultimate parent thereof, or (y) the voting securities of TSIA immediately
prior to such merger or consolidation do not continue to represent or are not converted into more than 50% of the combined voting power of the then outstanding voting securities of the Person resulting from such merger or consolidation or, if the
surviving company is a Subsidiary, the ultimate parent thereof, or (c) the shareholders of TSIA approve a plan of complete liquidation or dissolution of TSIA or there is consummated an agreement or series of related agreements for the sale,
lease or other disposition, directly or indirectly, by TSIA of all or substantially all of the assets of TSIA and its Subsidiaries, taken as a whole, other than such sale or other disposition by TSIA of all or substantially all of the assets of TSIA
and its Subsidiaries, taken as a whole, to an entity at least 50% of the combined voting power of the voting securities of which are owned by shareholders of TSIA in substantially the same proportions as their ownership of TSIA immediately prior to
such sale. 

  
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	7.	 This Sponsor Agreement, the Merger Agreement and the Transaction Documents constitute the entire agreement and
understanding of the parties hereto in respect of the subject matter hereof and supersede 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, including, without limitation, with respect to the Sponsor, each Insider and the Prior Letter Agreement. This Sponsor 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 TSIA and the other parties charged with such change, amendment, modification or waiver, it being acknowledged and agreed that the
Company’s execution of such an instrument will not be required after any termination of the Merger Agreement in accordance with its terms. 

  

	8.	 No party hereto may assign either this Sponsor Agreement or any of its rights, interests, or obligations
hereunder, other than in conjunction with transfers permitted by paragraph 3(c), without the prior written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to
transfer or assign any interest or title to the purported assignee. This Sponsor Agreement shall be binding on the Sponsor, each Insider, TSIA and the Company and their respective successors, heirs, personal representatives and assigns and permitted
transferees. 

  

	9.	 Nothing in this Sponsor Agreement shall be construed to confer upon, or give to, any person or corporation
other than the parties hereto any right, remedy or claim under or by reason of this Sponsor Agreement or of any covenant, condition, stipulation, promise or agreement hereof. No past, present or future director employee (including any officer),
incorporator, manager, member, partner, stockholder, other equity holder or persons in a similar capacity, controlling person, Affiliate or other Representative of any party hereto or of any Affiliate of any party hereto, or any of their respective
successors, Representatives and permitted assigns, shall have any liability or other obligation for any obligation of any party hereto under this Sponsor Agreement or for any Proceeding in connection with, arising out of or otherwise resulting from
this Sponsor Agreement or the transactions contemplated hereby; provided, however, that nothing in this paragraph 9 shall limit any liability or other obligation of the parties hereto for breaches of the terms and conditions of this Sponsor
Agreement. All covenants, conditions, stipulations, promises and agreements contained in this Sponsor Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors, heirs, personal representatives and assigns and
permitted transferees. 

  

	10.	 This Sponsor Agreement may be executed in any number of original, electronic 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. 

  

	11.	 This Sponsor 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 Sponsor 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 Sponsor Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 

 

	12.	 This Sponsor Agreement, and all claims or causes of action based upon, arising out of, or related to this
Sponsor 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. Any Action based upon, arising out of or related to this Sponsor Agreement or the transactions contemplated hereby may be brought in federal and state courts located in
Wilmington in the State of Delaware, and each of the parties irrevocably submits to the exclusive jurisdiction of each such court in any such Action, waives any objection it may now or hereafter have to personal jurisdiction, venue or convenience of
forum, agrees that all claims in respect of the Action shall be heard and 

  
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determined only in any such court, and agrees not to bring any Action arising out of or relating to this Sponsor 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 Action brought pursuant to this paragraph. The prevailing party in any such Action (as determined by a court of competent jurisdiction) shall be entitled to be reimbursed by the
non-prevailing party for its reasonable expenses, including reasonable attorneys’ fees, incurred with respect to such Action. 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 SPONSOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  

	13.	 Any notice, consent or request to be given in connection with any of the terms or provisions of this Sponsor
Agreement shall be in writing and shall be sent or given in accordance with the terms of Section 10.6 of the Merger Agreement to the applicable party at its principal place of business. 

 

	14.	 This Sponsor Agreement shall terminate on the earlier of (a) the consummation of a TSIA Sale and
(b) the later of (i) the earlier of (x) the achievement of Stock Price Level on or before the fifth anniversary of the Closing Date and (y) the fifth anniversary of the Closing Date and (ii) the expiration of the Lock-up Periods. In the event of a termination of the Merger Agreement in accordance with its terms, this Sponsor Agreement shall be of no force and effect and shall revert to the Prior Letter Agreement. No such
termination or reversion shall relieve the Sponsor, each Insider, TSIA or the Company from any liability resulting from a breach of this Sponsor Agreement occurring prior to such termination or reversion. 

 

	15.	 The Sponsor and each Insider hereby represents and warrants (severally and not jointly as to itself, himself or
herself only) to TSIA and the Company as follows: (i) if such Person is not an individual, it is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized, and the execution, delivery and
performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within the Sponsor’s limited liability company powers and have been duly authorized by all necessary limited liability company actions on the
part of the Sponsor; (ii) if such Person is an individual, such Person has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform his or her obligations hereunder; (iii) this Sponsor Agreement
has been duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Person,
enforceable against such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of
specific performance and other equitable remedies); (iv) the execution and delivery of this Sponsor Agreement by such Person does not, and the performance by such Person of his, her or its obligations hereunder will not, (A) if such Person is
not an individual, conflict with or result in a violation of the organizational documents of such Person, or (B) require any consent or approval that has not been given or other action that has not been taken by any third party (including under
any Contract binding upon such Person or such Person’s Founder Shares or Private Placement Warrants, as applicable), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by
such Person of his, her or its obligations under this Sponsor Agreement; (v) there are no Actions pending against such Person or, to the knowledge of such Person, threatened against such Person, before (or, in the case of threatened Actions,
that would be before) any arbitrator or any Governmental Authority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Person of its, his or her obligations under this Sponsor Agreement;
(vi) no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person, TSIA, any of its Subsidiaries or any of their respective Affiliates in connection with the Merger
Agreement or this Sponsor Agreement or any of the respective transactions contemplated thereby and hereby, in each case, based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which TSIA,
the Company or any of their respective Affiliates would have any obligations or liabilities of any kind or nature, except that TSIA 

  
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has employed BofA Securities, Inc. and Allen & Company LLC as its financial advisors in connection with the Transactions; (vii) such Person has had the opportunity to read the
Merger Agreement and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors; (viii) such Person has not entered into, and shall not enter into, any agreement that would restrict, limit or interfere with
the performance of such Person’s obligations hereunder; (ix) such Person has good title to all such Founder Shares and Private Placement Warrants, and there exist no Liens or any other limitation or restriction (including, without
limitation, any restriction on the right to vote, sell or otherwise dispose of such Founder Shares or Private Placement Warrants (other than transfer restrictions under the Securities Act)) affecting any such Founder Shares or Private Placement
Warrants, other than pursuant to (A) this Sponsor Agreement, (B) the certificate of incorporation of TSIA, (C) the Merger Agreement, (D) the Registration Rights Agreement, dated as of November 9, 2020, by and among TSIA and
certain security holders, or (E) any applicable securities laws; and (x) the Founder Shares and Private Placement Warrants identified on Schedule A are the only Founder Shares or Private Placement Warrants owned of record or
Beneficially Owned by the Sponsor and the Insiders as of the date hereof, and none of such Founder Shares or Private Placement Warrants is subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such
Founder Shares or Private Placement Warrants, except as provided in this Sponsor Agreement. 

  

	16.	 If, and as often as, (a) there are any changes in TSIA, the TSIA Common Stock or the TSIA Warrants by way
of stock split, stock dividend, combination or reclassification, or through merger, consolidation, reorganization, recapitalization or business combination, or by any other similar means that result in Sponsor acquiring new shares of TSIA Common
Stock, TSIA Warrants or any other equity securities of TSIA, (b) Sponsor purchases or otherwise acquires beneficial ownership of any shares of TSIA Common Stock or TSIA Warrants or other equity securities of TSIA after the date of this Sponsor
Agreement, or (c) Sponsor acquires the right to vote or share in the voting of any shares of TSIA Common Stock or other equity securities of TSIA after the date of this Sponsor Agreement, the term “Covered Shares” shall be deemed to
refer to and include such securities as well as all such stock dividends and distributions and any securities into which or for which any or all of such securities may be changed or exchanged or which are received in such transaction.

  

	17.	 Each of the parties hereto agrees to execute and deliver hereafter any further document, agreement or
instrument of assignment, transfer or conveyance as may be necessary or desirable to effectuate the purposes hereof and as may be reasonably requested in writing by another party hereto. 

[signature page follows] 

  
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	Sincerely,
	
	TS INNOVATION ACQUISITIONS SPONSOR, L.L.C.
		
	By:	 	 /s/ Robert J. Speyer

		 	Name: Robert J. Speyer
		 	Title:   President and Chief Executive Officer
	
	INSIDERS
	
	 /s/ Robert J. Speyer

	Robert J. Speyer
	
	 /s/ Paul A. Galiano

	Paul A. Galiano
	
	 /s/ Jenny Wong

	Jenny Wong
	
	 /s/ Joshua Kazam

	Joshua Kazam
	
	 /s/ Jennifer Rubio

	Jennifer Rubio
	
	 /s/ Ned Segal

	Ned Segal
	
	 /s/ Michelangelo Volpi

	Michelangelo Volpi

			
	Acknowledged and Agreed:
	
	TS INNOVATION ACQUISITIONS CORP.
		
	By:	 	 /s/ Robert J. Speyer

		 	Name: Robert J. Speyer
		 	Title:   President and Chief Executive Officer

  

			
	Acknowledged and Agreed:
	
	LATCH, INC.
		
	By:	 	 /s/ Luke Schoenfelder

		 	Name: Luke Schoenfelder
		 	Title:   CEO and Cofounder

  
 9EX-10.2

 Exhibit 10.2 

COMPANY HOLDERS SUPPORT AGREEMENT 

This Company Holders Support Agreement (this “Agreement”), dated as of January 24, 2021, is entered into by and among TS
Innovation Acquisitions Corp., a Delaware corporation (“TSIA”), Latch, Inc., a Delaware corporation (the “Company”), and certain of the stockholders of the Company, whose names appear on the signature pages of this
Agreement (such stockholders, the “Stockholders”, and TSIA, the Company and the Stockholders, each a “Party”, and collectively, the “Parties”). Capitalized terms used but not otherwise defined in
this Agreement shall have the meanings ascribed to them in the Merger Agreement. 
 RECITALS 

WHEREAS, concurrently herewith, TSIA, the Company and Lionet Merger Sub Inc., a Delaware corporation and direct, wholly owned
subsidiary of TSIA (“Merger Sub”), are entering into an Agreement and Plan of Merger (as amended, supplemented or otherwise modified from time to time, the “Merger Agreement”), pursuant to which (and subject to the
terms and conditions set forth therein) Merger Sub will merge with and into the Company (the “Merger”), with the Company surviving the Merger; 

WHEREAS, as of the date hereof, each Stockholder is the record and “beneficial owner” (as such term is used herein, within
the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (together with the rules and regulations promulgated thereunder, the “Exchange Act”)) of, and is entitled to
dispose of and vote, the number of shares of Company Stock set forth opposite such Stockholder’s name on Schedule 1 attached hereto (collectively, with respect to each Stockholder, such Stockholder’s “Owned
Shares”); and such Owned Shares, together with (1) any additional shares of Company Stock (or any securities convertible into or exercisable or exchangeable for Company Common Stock or Company Preferred Stock) in which such Stockholder
acquires record and beneficial ownership after the date hereof, including by purchase, as a result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such shares, or upon exercise or conversion
of any securities and (2) any additional shares of Company Stock with respect to which such Stockholder has the right to vote through a proxy, the “Covered Shares”); 

WHEREAS, upon the consummation of the Merger, each of the following agreements will terminate pursuant to the requisite consent of the
Company and the parties thereto: (i) that certain Fifth Amended and Restated Investors’ Rights Agreement, dated as of May 20, 2019, by and among the Company and the Investors (as such term is defined therein) (the
“Investors’ Rights Agreement”), (ii) that certain Fifth Amended and Restated Voting Agreement, dated as of May 20, 2019, by and among the Company, the Investors and the Key Holders (as such terms are defined
therein) (the “Voting Agreement”), (iii) that certain Fifth Amended and Restated Right of First Refusal and Co-Sale Agreement, dated as of May 20, 2019, by and among the Company and the
Investors (as such term is defined therein) (the “ROFR Agreement”) and (iv) any agreements listed on Section 3.17(xii) of the Company Disclosure Letter (the “Disclosure Letter Agreements” and, together
with the Investors’ Rights Agreement, the Voting Agreement, and the ROFR Agreement, the “Investment Agreements”); and 

 WHEREAS, as a condition and inducement to the willingness of TSIA to enter into the
Merger Agreement, the Company and the Stockholders are entering into this Agreement. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally
bound hereby, TSIA, the Company and each Stockholder hereby agree as follows: 
 1. Agreement to Vote. Subject to the earlier
termination of this Agreement in accordance with Section 5 and the last paragraph of this Section 1, the Stockholder, solely in his, her or its capacity as a stockholder or proxy holder of the Company, irrevocably and
unconditionally agrees, and agrees to cause any other holder of record of any of the Stockholder’s Covered Shares, to validly execute and deliver to the Company in respect of all of the Stockholder’s Covered Shares, as soon as reasonably
practicable after the Registration Statement is declared effective under the Securities Act and delivered or otherwise made available to the stockholders of TSIA and the Company, and in any event within forty-eight (48) hours after the
Registration Statement is declared effective and delivered or otherwise made available to the stockholders of TSIA and the Company, a written consent in respect of all of the Stockholder’s Covered Shares approving the Merger Agreement and the
Transactions. In addition, subject to the last paragraph of this Section 1, prior to the Termination Date (as defined herein), the Stockholder, in his, her or its capacity as a stockholder or proxy holder of the Company, irrevocably and
unconditionally agrees that, at any other meeting of the stockholders of the Company (whether annual or special and whether or not an adjourned or postponed meeting, however called and including any adjournment or postponement thereof) and in
connection with any written consent of stockholders of the Company, such Stockholder shall, and shall cause any other holder of record of any of such Stockholder’s Covered Shares to: 

(a) exercise the drag-along rights set forth in Section 4 of the Voting Agreement; 

(b) when such meeting is held, appear at such meeting or otherwise cause the Stockholder’s Covered Shares to be counted as present thereat
for the purpose of establishing a quorum; 
 (c) vote (or execute and return an action by written consent), or cause to be voted at such
meeting (or validly execute and return and cause such consent to be granted with respect to), all of such Stockholder’s Covered Shares owned as of the record date for such meeting (or the date that any written consent is executed by such
Stockholder) in favor of the Transactions and the adoption of the Merger Agreement and any other matters necessary or reasonably requested by the Company for consummation of the Transactions; 

(d) in any other circumstances upon which a consent or other approval is required under the Company’s Governing Documents or the
Investment Agreements or otherwise sought in connection with the Merger Agreement or the Transactions, vote, consent or approve (or cause to be voted, consented or approved) all of such Stockholder’s Covered Shares held at such time in favor
thereof; and 

  
 2 

 (e) vote (or execute and return an action by written consent), or cause to be voted at such
meeting (or validly execute and return and cause such consent to be granted with respect to), all of such Stockholder’s Covered Shares against (i) any Alternative Transaction or Business Combination Proposal and (ii) any other action
that would reasonably be expected to (x) materially impede, interfere with, delay, postpone or adversely affect the Merger Agreement or the Transactions, (y) result in a breach of any covenant, representation or warranty or other
obligation or agreement of the Company under the Merger Agreement or (z) result in a breach of any covenant, representation or warranty or other obligation or agreement of such Stockholder contained in this Agreement. 

The obligations of each Stockholder specified in this Section 1 shall apply whether or not the Transactions are
recommended by the Board of Directors of the Company or the Board of Directors of the Company has previously recommended the Transactions but changed such recommendation. 

2. No Inconsistent Agreements. Each Stockholder hereby covenants and agrees that such Stockholder shall not (i) enter into any
voting agreement or voting trust with respect to any of such Stockholder’s Covered Shares that is inconsistent with such Stockholder’s obligations pursuant to this Agreement, (ii) grant a proxy or power of attorney with respect to any
of such Stockholder’s Covered Shares that is inconsistent with such Stockholder’s obligations pursuant to this Agreement (for the avoidance of doubt, other than such proxy granted in Section 4), or (iii) enter into any
agreement or undertaking that is otherwise inconsistent with, or would interfere with, or prohibit or prevent it from satisfying, its obligations pursuant to this Agreement. 

3. Waiver of Appraisal Rights. Each Stockholder hereby agrees not to assert, exercise or perfect, directly or indirectly, and
irrevocably and unconditionally waives, any appraisal rights (including under Section 262 of the DGCL) with respect to the Merger and any rights to dissent with respect to the Merger (collectively, “Appraisal Rights”). 

4. Irrevocable Proxy. Each Stockholder hereby revokes any proxies that such Stockholder has heretofore granted with respect to such
Stockholder’s Covered Shares (other than pursuant to Section 10.1 of the Voting Agreement), hereby irrevocably constitutes and appoints the then-acting chief executive officer of the Company as attorney-in-fact and proxy in accordance with the DGCL for and on such Stockholder’s behalf, for and in such Stockholder’s name, place and stead, in the event that such Stockholder fails to comply
in any material respect with his, her or its obligations hereunder in a timely manner, to vote the Covered Shares of such Stockholder and grant all written consents thereto, in each case in accordance with the provisions of Section 1 and
represent and otherwise act for such Stockholder in the same manner and with the same effect as if such Stockholder were personally present at any meeting held for the purpose of voting on the foregoing. The foregoing proxy is coupled with an
interest, is irrevocable (and, with respect to any Stockholder that is an individual, as such shall survive and not be affected by the death, incapacity, mental illness or insanity of the Stockholder) prior to the Termination Date and shall not be
terminated by operation of Law or upon the occurrence of any other event other than following a termination of this Agreement pursuant to Section 5. Each Stockholder authorizes such attorney-in-fact and proxy to substitute any other Person to act hereunder, to revoke any substitution and to file this proxy and any substitution or revocation with the Secretary of the

  
 3 

 
Company. Each Stockholder hereby affirms that the irrevocable proxy set forth in this Section 4 is given in connection with the execution by TSIA of the Merger Agreement and that such
irrevocable proxy is given to secure the obligations of such Stockholder under Section 1. The irrevocable proxy set forth in this Section 4 is executed and intended to be irrevocable. Each Stockholder agrees not to grant any proxy
that conflicts or is inconsistent with the proxy granted to the then-acting chief executive officer of the Company in this Agreement 
 5.
Termination. This Agreement shall terminate upon the earliest of (i) the Effective Time, (ii) the termination of the Merger Agreement in accordance with its terms, and (iii) the time this Agreement is terminated upon the mutual
written agreement of the Company, TSIA and the Stockholder (the earliest such date under clause (i), (ii) and (iii) being referred to herein as the “Termination Date”) and the representations, warranties, covenants and
agreements contained in this Agreement and in any certificate or other writing delivered pursuant hereto shall not survive the Closing or the termination of this Agreement; provided, that the provisions set forth in Sections 9 and
14 through 27 shall survive the termination of this Agreement; provided, further, that termination of this Agreement shall not relieve any party hereto from any liability resulting from a breach of this Agreement prior to the
Termination Date or for any willful breach of, or actual fraud in connection with, this Agreement prior to such termination. 
 6.
Termination of Investment Agreements. Each Stockholder, by this Agreement, and with respect to any of its Covered Shares, severally and not jointly, hereby agrees to terminate, subject to the occurrence of, and effective immediately prior to,
the Effective Time and provided that all Terminating Rights (as defined below) between the Company or any of its subsidiaries and any other holder of Company capital stock shall also terminate at such time, each of the Investment Agreements to which
such Stockholder is a party, and if applicable to such Stockholder, any rights under any letter agreement providing for redemption rights, put rights, purchase rights, information rights, rights to consult with and advise management, inspection
rights, preemptive rights, Company Board observer rights or rights to receive information delivered to the Company Board or other similar rights not generally available to stockholders of the Company (the “Terminating Rights”)
between such Stockholder and the Company, but excluding, for the avoidance of doubt, any rights such Stockholder may have that relate to any indemnification, commercial or employment agreements or arrangements between such Stockholder and the
Company or any subsidiary, which shall survive in accordance with their terms. 
 7. Representations and Warranties of the
Stockholders. Each Stockholder hereby represents and warrants (severally and not jointly as to itself only) to the TSIA as follows: 

(a) Such Stockholder is the sole beneficial owner (within the meaning of Rule 13d-3 under the Exchange
Act) of, and has good, valid and marketable title to or has a valid proxy to vote such shares, such Stockholder’s Covered Shares, free and clear of any Liens (other than as created by this Agreement or the organizational documents of the
Company (including, for the purposes hereof, any agreements between or among stockholders of the Company). As of the date hereof, other than the Owned Shares set forth opposite such Stockholder’s name on Schedule 1, such Stockholder does
not own beneficially or of record any shares of Company Common Stock or Company Preferred Stock (or any securities convertible into shares of Company Common Stock or Company Preferred Stock) or any interest therein. 

  
 4 

 (b) Such Stockholder, in each case, except as provided in this Agreement, the Investment
Agreements or the Governing Documents of the Company, (i) has full voting power, full power of disposition and full power to issue instructions with respect to the matters set forth herein whether by ownership or by proxy, in each case, with
respect to such Stockholder’s Covered Shares, (ii) has not entered into any voting agreement or voting trust, and has no knowledge and is not aware of any such voting agreement or voting trust in effect with respect to any of such
Stockholder’s Covered Shares that is inconsistent with such Stockholder’s obligations pursuant to this Agreement, (iii) has not granted a proxy or power of attorney with respect to any of such Stockholder’s Covered Shares that is
inconsistent with such Stockholder’s obligations pursuant to this Agreement, and has no knowledge and is not aware of any such proxy or power of attorney in effect, and (iv) has not entered into any agreement or undertaking that is
otherwise inconsistent with, or would interfere with, or prohibit or prevent it from satisfying, its obligations pursuant to this Agreement, and has no knowledge and is not aware of any such agreement or undertaking. 

(c) Such Stockholder affirms that (i) if the Stockholder 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, and (ii) if the Stockholder is not a natural person, (A) 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 (B) 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 such Stockholder
and, subject to the due execution and delivery of this Agreement by each other Party, constitutes a legally valid and binding agreement of such Stockholder enforceable against the Stockholder in accordance with the terms hereof (except as
enforceability may be limited by bankruptcy Laws or other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). 

(d) Other than the filings, notices and reports pursuant to, in compliance with or required to be made under the Exchange Act, no filings,
notices, reports, consents, registrations, approvals, permits, waivers, expirations of waiting periods or authorizations are required to be obtained by such Stockholder from, or to be given by such Stockholder to, or be made by such Stockholder
with, any Governmental Authority in connection with the execution, delivery and performance by such Stockholder of this Agreement, the consummation of the transactions contemplated hereby or the Transactions. 

(e) The execution, delivery and performance of this Agreement by such Stockholder does not, and the consummation of the transactions
contemplated hereby and the Transactions will not, constitute or result in (i) a breach or violation of, or a default under, the Governing Documents of such Stockholder (if such Stockholder is not a natural person), (ii) with or without notice,
lapse of time or both, a breach or violation of, a termination (or right of termination) of or a default under, the loss of any benefit under, the creation, modification or acceleration of any obligations under or the creation of a Lien on any of
the properties, rights or assets of such Stockholder pursuant to any Contract binding upon such Stockholder or, assuming (solely with respect to performance of this Agreement and the transactions contemplated hereby), compliance with the matters
referred to in Section 7(d), under any applicable Law to which such 

  
 5 

 
Stockholder is subject or (iii) any change in the rights or obligations of any party under any Contract legally binding upon such Stockholder, except, in the case of clause (ii) or
(iii) directly above, for any such breach, violation, termination, default, creation, acceleration or change that would not, individually or in the aggregate, reasonably be expected to prevent or materially delay or impair such Stockholder’s
ability to perform its obligations hereunder or to consummate the transactions contemplated hereby or the Transactions. 
 (f) As of the date
of this Agreement, there is no Action pending against such Stockholder or, to the knowledge of such Stockholder, threatened against such Stockholder that, in any manner, questions the beneficial or record ownership of the Stockholder’s Covered
Shares or the validity of this Agreement, or challenges or seeks to prevent, enjoin or materially delay the performance by such Stockholder of its obligations under this Agreement. 

(g) The Stockholder is a sophisticated stockholder and has adequate information concerning the business and financial condition of TSIA and the
Company to make an informed decision regarding this Agreement and the Transactions and has independently and based on such information as the Stockholder has deemed appropriate, made its own analysis and decision to enter into this Agreement. The
Stockholder acknowledges that TSIA and the Company have not made and do not make any representation or warranty, whether express or implied, of any kind or character except as expressly set forth in this Agreement. The Stockholder acknowledges that
the agreements contained herein with respect to the Covered Shares held by the Stockholder are irrevocable. 
 (h) Such Stockholder
understands and acknowledges that TSIA is entering into the Merger Agreement in reliance upon such Stockholder’s execution and delivery of this Agreement and the representations, warranties, covenants and other agreements of such Stockholder
contained herein. 
 (i) No investment banker, broker, finder or other intermediary is entitled to any broker’s, finder’s,
financial advisor’s or other similar fee or commission for which TSIA or the Company is or could be liable in connection with the Merger Agreement or this Agreement or any of the respective transactions contemplated hereby or thereby, in each
case based upon arrangements made by such Stockholder in his, her or its capacity as a stockholder or, to the knowledge of such Stockholder, on behalf of such Stockholder in his, her or its capacity as a stockholder. 

8. Certain Covenants of the Stockholders. Except in accordance with the terms of this Agreement, each Stockholder hereby covenants and
agrees as follows: 
 (a) No Solicitation. Subject to Section 10 hereof, prior to the Termination Date, the Stockholder
shall not take, and, to the extent applicable, shall direct its Affiliates and Representatives not to take, whether directly or indirectly, any action to (i) solicit, initiate, continue or engage in discussions or negotiations with, or enter
into any agreement with, or knowingly encourage, respond to, or provide information to, any Person (other than TSIA, the Company and/or any of their respective Affiliates or Representatives) concerning any Alternative Transaction,
(ii) commence, continue or renew any due diligence investigation regarding, or that is reasonably likely to give rise to or result in, any offer, inquiry, proposal or indication of interest, 

  
 6 

 
written or oral, with respect to, or which is reasonably likely to give rise to or result in, an Alternative Transaction, or (iii) solicit, initiate, continue or engage in discussions or
negotiations with, or enter into any agreement with, or encourage, respond to, provide information to or commence due diligence with respect to, any Person (other than TSIA, the Company and/or any of their respective Affiliates or Representatives)
concerning, relating to or which is intended or is reasonably likely to give rise to or result in, any Business Combination Proposal other than with TSIA, the Company and their respective Affiliates and Representatives; provided, that, in the
case of clauses (ii) and (iii), the execution, delivery and performance of this Agreement and the transactions contemplated hereby shall not be deemed a violation of this Section 8(a). Such Stockholder shall, and shall direct its
Representatives to, immediately cease any and all existing discussions or negotiations with any Person conducted prior to the date hereof with respect to, or which is reasonably likely to give rise to or result in, an Alternative Transaction or a
Business Combination Proposal. 
 Notwithstanding anything in this Agreement to the contrary, (i) such Stockholder shall not be
responsible for the actions of the Company or the Board of Directors of the Company (or any committee thereof), any subsidiary of the Company, or any officers, directors (in their capacity as such), employees and professional advisors of any of the
foregoing (collectively, the “Company Related Parties”), (ii) such Stockholder makes no representations or warranties with respect to the actions of any of the Company Related Parties, and (iii) any breach by the Company of its
obligations under Section 5.4 of the Merger Agreement shall not be considered a breach of this Section 8(a) (it being understood that, for the avoidance of doubt, such Stockholder or his, her or its Representatives
(other than any such Representative that is a Company Related Party) shall remain responsible for any breach by such Stockholder or his, her or its Representatives of this Section 8(a)). 

(b) Each Stockholder hereby agrees, prior to the Termination Date, not to (except in each case pursuant to the Merger Agreement), (i) directly
or indirectly, (x) Transfer or cause to be Transferred, or (y) enter into any Contract or option with respect to the Transfer of, any of such Stockholder’s Covered Shares or any voting rights with respect thereto, or
(ii) publicly announce any intention to effect any transaction specified in clauses (x) or (y), or (iii) take any action that would make any representation or warranty of such Stockholder contained herein untrue or incorrect or have
the effect of preventing or disabling such Stockholder from performing its obligations under this Agreement; provided, however, that nothing herein shall prohibit a Transfer to an Affiliate of the Stockholder or to another Stockholder
of the Company that is a party to this Agreement and bound by the terms and obligations hereof (a “Permitted Transfer”); provided, further, that any Permitted Transfer shall be permitted only if, as a precondition to
such Transfer, the transferee agrees in a writing, reasonably satisfactory in form and substance to TSIA, to assume all of the obligations of the Stockholder under, and be bound by all of the terms of, this Agreement; provided, further, that any
Transfer permitted under this Section 8(b) shall not relieve the Stockholder of its obligations under this Agreement. Any Transfer in violation of this Section 8(b) with respect to the Stockholder’s Covered Shares shall
be null and void. 
 (c) Each Stockholder hereby authorizes the Company to maintain a copy of this Agreement at either the executive office
or the registered office of the Company. 

  
 7 

 9. Lock-up. The Stockholders hereby agree and
acknowledge that the shares of TSIA Common Stock (including the shares of TSIA Common Stock issuable upon exercise of TSIA Options) held by the Stockholders immediately following the Closing (other than shares of TSIA Common Stock acquired in the
public market or pursuant to a transaction exempt from registration under the Securities Act of 1933, as amended, pursuant to a subscription agreement where the issuance of TSIA Common Stock occurs on or after the Closing) shall be subject to the lock-up provisions set forth in Section 7.13 of the Form of Amended and Restated Bylaws of TSIA attached to the Merger Agreement as Exhibit D. 

10. Further Assurances. From time to time, at TSIA’s request and without further consideration, each Stockholder shall execute and
deliver such additional documents and take all such further action as may be reasonably necessary or reasonably requested to effect the actions and consummate the Transactions and the transactions contemplated hereby. Each Stockholder further agrees
not to commence or participate in, and to take all actions necessary to opt out of any class in any class action with respect to, any action or claim, derivative or otherwise, against TSIA, TSIA’s Affiliates, the Sponsor, the Company or any of
their respective successors and assigns relating to the negotiation, execution or delivery of this Agreement, the Merger Agreement or the consummation of the transactions contemplated hereby and thereby. 

11. Disclosure. Such Stockholder hereby authorizes the Company and TSIA to publish and disclose in any announcement or disclosure
required by the SEC such Stockholder’s identity and ownership of the Covered Shares and the nature of such Stockholder’s obligations under this Agreement. 

12. Changes in Capital Stock. In the event (i) of a stock split, stock dividend or distribution, or any change in Company Common
Stock or Company Preferred Stock by reason of any split-up, reverse stock split, recapitalization, combination, reclassification, exchange of shares or the like, (ii) the Stockholder purchases or
otherwise acquires beneficial ownership of any Company Common Stock or Company Preferred Stock or (iii) the Stockholder acquires the right to vote or share in the voting of any Company Common Stock or Company Preferred Stock, the terms
“Owned Shares” and “Covered Shares” shall be deemed to refer to and include such shares as well as all such stock dividends and distributions and any securities into which or for which any or all of such shares may be changed or
exchanged or which are received in such transaction. 
 13. Amendment and Modification. This Agreement may not be amended, modified or
supplemented in any manner, whether by course of conduct or otherwise, except by an instrument in writing signed by TSIA, the Company and the applicable Stockholder. 

14. Waiver. No failure or delay by any Party exercising any right, power or privilege hereunder shall operate as a waiver thereof nor
shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies of the Parties hereunder are cumulative and are not exclusive of any rights
or remedies which they would otherwise have hereunder. Any agreement on the part of a Party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by such Party. 

  
 8 

 15. Notices. All notices and other communications hereunder shall be in writing and
shall be deemed given if delivered personally, by email (with confirmation of receipt) or sent by a nationally recognized overnight courier service, such as Federal Express, to the Parties at the following addresses (or at such other address for a
Party as shall be specified by like notice made pursuant to this Section 15): 
 if to the Stockholder, to the address or email
address set forth opposite such Stockholder’s name on Schedule 1, or in the absence of such address or email address being set forth on Schedule 1, the address (including email) set forth in the Company’s books and records, 

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

Latham & Watkins LLP 

885 Third Avenue 
 New York, New
York 10022 
 Attn:    Marc D. Jaffe 

            Ryan J. Maierson 

            Nick S. Dhesi 

Email: Marc.Jaffe@lw.com 

            Ryan.Maierson@lw.com 

            Nick.Dhesi@lw.com 

if to the Company, to it at: 

Latch, Inc. 
 508 West 26th Street, Suite 6G 
 New York, New York 10001 

Attn: Priyen Patel 
 Email:
Priyen.patel@latch.com 
 with a copy (which shall not constitute notice) to: 

Latham & Watkins LLP 

885 Third Avenue 
 New York, New
York 10022 
 Attn:    Marc D. Jaffe 

            Ryan J. Maierson 

            Nick S. Dhesi 

Email: Marc.Jaffe@lw.com 

            Ryan.Maierson@lw.com 

            Nick.Dhesi@lw.com 

  
 9 

 if to TSIA, to it at: 

TS Innovation Acquisitions Corp. 

Rockefeller Center 
 45
Rockefeller Plaza 
 New York, New York 10111 

Attn: Paul A. Galiano 
 Email:
pgaliano@tishmanspeyer.com 
 with a copy (which shall not constitute notice) to: 

Sullivan & Cromwell LLP 

125 Broad Street 
 New York, New
York 10004 
 Attn: Scott Miller 

Email: millersc@sullcrom.com 

16. No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in TSIA any direct or indirect ownership or
incidence of ownership of or with respect to the Covered Shares of the Stockholder. All rights, ownership and economic benefits of and relating to the Covered Shares of the Stockholder shall remain vested in and belong to the Stockholder, and TSIA
shall have no authority to direct the Stockholder in the voting or disposition of any of the Stockholder’s Covered Shares, except as otherwise provided herein (including pursuant to Section 4 hereto). 

17. Entire Agreement; Time of Effectiveness. This Agreement and the Merger Agreement constitute the entire agreement and supersede all
prior agreements and understandings, both written and oral, between the Parties with respect to the subject matter hereof and thereof. This Agreement shall not be effective or binding upon the Stockholder until after such time as the Merger
Agreement is executed and delivered by the Company, TSIA and Merger Sub. 
 18. No Third-Party Beneficiaries. The Stockholder hereby
agrees that its representations, warranties and covenants set forth herein are solely for the benefit of TSIA 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 any rights or remedies hereunder, including the right to rely upon the representations and warranties set forth herein, and the Parties 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; provided that the Company shall be an express third
party beneficiary with respect to Section 8 and Section 9. 
 19. Governing Law and Venue; Service of Process;
Waiver of Jury Trial. 
 (a) 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 conflicts of laws to the extent such principles or rules are not
mandatorily applicable and would require or permit the application of the Laws of another jurisdiction other than the State of Delaware. 

  
 10 

 (b) In addition, each of the Parties (i) consents to submit itself, and hereby submits
itself, to the personal jurisdiction of the Court of Chancery of the State of Delaware or, if such court does not have subject matter jurisdiction, any state or federal court located in the State of Delaware having subject matter jurisdiction, in
the event any dispute arises out of this Agreement or any of the transactions contemplated hereby, (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, and
agrees not to plead or claim any objection to the laying of venue in any such court or that any judicial proceeding in any such court has been brought in an inconvenient forum, (iii) agrees that it will not bring any action relating to this
Agreement or any of the transactions contemplated hereby in any court other than the Court of Chancery of the State of Delaware or, if such court does not have subject matter jurisdiction, any state or federal court located in the State of Delaware
having subject matter jurisdiction, and (iv) consents to service of process being made through the notice procedures set forth in Section 15. 

(c) EACH OF THE PARTIES HEREBY KNOWINGLY, INTENTIONALLY, VOLUNTARILY AND 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. 
 20. Assignment; Successors.
Neither this Agreement nor any of the rights, interests or obligations hereunder shall (a) be assigned by any of the Stockholders in whole or in part (whether by operation of Law or otherwise) without the prior written consent of TSIA and the
Company or (b) be assigned by TSIA or the Company in whole or in part (whether by operation of law or otherwise) without the prior written consent of (i) the Company or TSIA, respectively, and (ii) the applicable Stockholder. Any such
assignment without such consent shall be null and void. This Agreement shall be binding upon, inure to the benefit of and be enforceable by the Parties and their respective successors and permitted assigns. 

21. Trust Account Waiver. Notwithstanding anything to the contrary set forth herein, the Stockholder acknowledges that the TSIA has
established the trust account described therein (the “Trust Account”) containing the proceeds of its initial public offering (the “IPO”) and from certain private placements occurring simultaneously with the IPO (including
interest accrued from time to time thereon) for the benefit of the TSIA’s public shareholders and certain other parties (including the underwriters of the IPO). Accordingly, the Stockholder (on behalf of itself and its affiliates) hereby waives
any past, present or future claim of any kind against, and any right to access, the Trust Account, any trustee of the Trust Account and the TSIA to collect from the Trust Account any monies that may be owed to them by the TSIA or any of its
affiliates for any reason whatsoever, and will not seek recourse against the Trust Account at any time for any reason whatsoever, including, without limitation, for any knowing and intentional material breach by any of the parties to this Agreement
of any of its representations or warranties as set forth in this Agreement, or such party’s material breach of any of its covenants or other agreements set forth in this Agreement, which material breach constitutes, or is a consequence of, a
purposeful act or failure to act by such party with the knowledge that the taking of such act or failure to take such act would cause a material breach of this Agreement. This Section 21 shall survive the termination of this Agreement for any
reason. 

  
 11 

 22. Non-Recourse. This Agreement may only be
enforced against, and any claim or cause of action based upon, arising out of, or related to this Agreement or the transactions contemplated hereby may only be brought against, the entities that are expressly named as parties hereto, and then only
with respect to the specific obligations set forth herein with respect to such party. Except to the extent a named party to this Agreement (and then only to the extent of the specific obligations undertaken by such named party in this Agreement),
(a) no past, present or future director, officer, employee, incorporator, member, partner, stockholder, affiliate, agent, attorney, advisor or representative or affiliate of any named party to this Agreement and (b) no past, present or future
director, officer, employee, incorporator, member, partner, stockholder, affiliate, agent, attorney, advisor or representative or affiliate of any of the foregoing shall have any liability (whether in contract, tort, equity or otherwise) for any one
or more of the representations, warranties, covenants, agreements or other obligations or liabilities of any one or more of the TSIA or the Stockholder under this Agreement of or for any claim based on, arising out of, or related to this Agreement
or the transactions contemplated hereby. 
 23. Enforcement. The rights and remedies of the Parties shall be cumulative with and not
exclusive of any other remedy conferred hereby. The Parties agree that irreparable damage would occur and that the Parties would not have any adequate remedy at law in the event that any of the provisions of this Agreement were not performed in
accordance with their specific terms or were otherwise breached. It is accordingly agreed that the Parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of this Agreement and to enforce specifically the
terms and provisions of this Agreement, including each Stockholder’s obligations to vote its Covered Shares as provided in this Agreement, in the Court of Chancery of the State of Delaware or, if under applicable law exclusive jurisdiction over
such matter is vested in the federal courts, any state or federal court located in the State of Delaware, without proof of actual damages or otherwise (and each Party hereby waives any requirement for the securing or posting of any bond in
connection with such remedy), this being in addition to any other remedy to which they are entitled at law or in equity. 
 24.
Severability. If any term or other provision of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void, unenforceable or against its regulatory policy, the remainder of the terms and provisions of
this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated, so long as the economic and legal substance of the transactions contemplated hereby, taken as a whole, are not affected in a manner
materially adverse to any Party. Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the
transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 
 25. Counterparts. This
Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, it being understood that each Party need not sign the same counterpart. This Agreement shall become effective when each Party shall
have received a counterpart hereof signed by all of the other Parties. Signatures delivered electronically or by facsimile shall be deemed to be original signatures. 

  
 12 

 26. Interpretation and Construction. The words “hereof,” “herein”
and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The descriptive headings used herein are inserted for convenience of reference
only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. References to Sections are to Sections of this Agreement unless otherwise specified. Any singular term in this Agreement shall be deemed to include
the plural, and any plural term the singular. The definitions contained in this Agreement are applicable to the masculine as well as to the feminine and neuter genders of such term. Whenever the words “include,” “includes” or
“including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation,” whether or not they are in fact followed by those words or words of like import. “Writing,”
“written” and comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. References to any statute shall be deemed to refer to such statute and to any rules or
regulations promulgated thereunder. References to any person include the successors and permitted assigns of that person. References from or through any date mean, unless otherwise specified, from and including such date or through and including
such date, respectively. In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the Parties, and no presumption or burden of proof will arise favoring or disfavoring any
Party by virtue of the authorship of any of the provisions of this Agreement. 
 27. Capacity as a Stockholder or Proxy holder.
Notwithstanding anything herein to the contrary, the Stockholder or proxy holder signs this Agreement solely in the Stockholder’s or proxy holder’s capacity as a stockholder or proxy holder of the Company, and not in any other capacity and
this Agreement shall not limit, prevent or otherwise affect the actions of the Stockholder, proxy holder or any Affiliate or Representative of the Stockholder or proxyholder, or any of their respective Affiliates in his or her capacity, if
applicable, as an officer or director of the Company (or any Subsidiary of the Company) or any other Person, including in the exercise of his or her fiduciary duties as a director or officer of the Company or any Subsidiary of the Company. No
Stockholder shall be liable or responsible for any breach, default, or violation of any representation, warranty, covenant or agreement by any other Stockholder that is also a Party and each Stockholder shall solely be required to perform its
obligations hereunder in its individual capacity. 
 [The remainder of this page is intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed (where applicable,
by their respective officers or other authorized Persons thereunto duly authorized) as of the date first written above. 
  

			
	TS INNOVATION ACQUISITIONS CORP.
		
	By:	 	 /s/ Robert J. Speyer

	 Name: Robert J. Speyer

	 Title:   President and Chief Executive Officer

 [Signature Page to Company Holders Support Agreement] 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed (where applicable,
by their respective officers or other authorized Persons thereunto duly authorized) as of the date first written above. 
  

			
	LATCH, INC.
		
	By:	 	 /s/ Luke Schoenfelder

	 Name: Luke Schoenfelder

	 Title:   CEO and Cofounder

 [Signature Page to Company Holders Support Agreement] 

 
			
	ALI HUSSAIN
		
	By:	 	 /s/ Ali Hussain

	 Name: Ali Hussain

	 Title:   COO

 [Signature Page to Company Holders Support Agreement] 

			
	ALLEN SMITH
		
	By:	 	 /s/ Allen Smith

	Name:	 	Allen Smith
	Title:	 	Advisory Chairman

  
 [Signature Page to
Company Holders Support Agreement] 

			
	AVENIR LATCH INVESTORS, LLC
		
	By:	 	 /s/ Andrew Sugrue

	Name:	 	Andrew Sugrue
	Title:	 	Authorized Signatory

  
 [Signature Page to
Company Holders Support Agreement] 

 
			
	AVENIR LATCH INVESTORS II, LLC
		
	By:	 	 /s/ Andrew Sugrue

	Name:	 	Andrew Sugrue
	Title:	 	Authorized Signatory

  
 [Signature Page to
Company Holders Support Agreement] 

 
			
	AVENIR LATCH INVESTORS III, LLC
		
	By:	 	 /s/ Andrew Sugrue

	Name:	 	Andrew Sugrue
	Title:	 	Authorized Signatory

  
 [Signature Page to
Company Holders Support Agreement] 

			
	BVENTURES LEVERCO S-B, LLC
		
	By:	 	 /s/ Nicholas Sammut

	Name:	 	Nicholas Sammut
	Title:	 	SVP

  
 [Signature Page to
Company Holders Support Agreement] 

			
	LUKE SCHOENFELDER
		
	By:	 	 /s/ Luke Schoenfelder

	Name:	 	Luke Schoenfelder
	Title:	 	CEO

  
 [Signature Page to
Company Holders Support Agreement] 

			
	LUX CO-INVEST OPPORTUNITIES, L.P.
		
	By:	 	 /s/ Peter Hebert

	Name:	 	Peter Hebert
	Title:	 	Managing Director

  
 [Signature Page to
Company Holders Support Agreement] 

			
	LUX VENTURES IV, L.P.
		
	By:	 	 /s/ Peter Hebert

	Name:	 	Peter Hebert
	Title:	 	Managing Director

  
 [Signature Page to
Company Holders Support Agreement] 

			
	MICHAEL BRIAN JONES
		
	By:	 	 /s/ Michael Brian Jones

	 Name: Michael Brian Jones

	 Title:   CTO

  
 [Signature Page to
Company Holders Support Agreement] 

			
	PRIMARY SELECT FUND I, L.P.
		
	By:	 	 /s/ Brad Svrluga

	 Name: Brad Svrluga

	 Title: General Partner  

  
 [Signature Page to
Company Holders Support Agreement] 

			
	PVP FUND I, L.P.
		
	By:	 	 /s/ Brad Svrluga

	Name:	 	Brad Svrluga
	Title:	 	General Partner

  
 [Signature Page to
Company Holders Support Agreement] 

 
			
	PVP FUND I-A, L.P.
		
	By:	 	 /s/ Brad Svrluga

	Name:	 	Brad Svrluga
	Title:	 	General Partner

  
 [Signature Page to
Company Holders Support Agreement] 

			
	RRE LEADERS FUND, LP
		
	By:	 	 /s/ William D. Porteous

	Name:	 	William D. Porteous
	Title:	 	

  
 [Signature Page to
Company Holders Support Agreement] 

			
	RRE VENTURES VII, LP
		
	By:	 	 /s/ William D. Porteous

	Name:	 	William D. Porteous
	Title:	 	

 [Signature Page to Company Holders Support Agreement] 

			
	THIRD PRIME ALPHA FUND, L.P.
		
	By:	 	 /s/ Keith Hamlin

	Name:	 	Keith Hamlin
	Title:	 	Managing Partner

 [Signature Page to Company Holders Support Agreement]

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