Document:

Exhibit 10.4

   

  November 23, 2021

   

  Infinite Acquisition Corp.

  660 Madison Avenue

  New York, New York 10065

   

  		Re:	Initial Public Offering

   

  Ladies and Gentlemen:

   

  This letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)

    entered into by and between Infinite Acquisition Corp., a Cayman Islands exempted company (the “Company”), and Credit Suisse Securities (USA) LLC, as the underwriter (collectively, the “Underwriter”), relating to an
    underwritten initial public offering (the “Public Offering”) of 24,000,000 of the Company’s units (and up to an additional 3,600,000 units that may be purchased pursuant to the Underwriter’s option to purchase additional units, the “Units”),
    each comprised of one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), and one-half of one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder
    thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering pursuant to registration statements on Form S-1 and a prospectus (the “Prospectus”) filed by the
    Company with the U.S. Securities and Exchange Commission (the “Commission”). Certain capitalized terms used herein are defined in paragraph 1 hereof.

   

  In order to induce the Company and the Underwriter to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable
    consideration, the receipt and sufficiency of which are hereby acknowledged, Infinite Sponsor, LLC (the “Sponsor”) and each of the undersigned (each, an “Insider” and, collectively, the “Insiders”) hereby agree
    with the Company as follows:

   

  1.             Definitions. As used herein, (i) “Business
        Combination” shall mean a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities; (ii) “Founder Shares” shall mean
    the 6,900,000 Class B ordinary shares of the Company, par value $0.0001 per share, outstanding prior to the consummation of the Public Offering; (iii) “Private Placement Warrants” shall mean the warrants that will be acquired by the
    Sponsor for an aggregate purchase price of $12,100,000 (or $13,540,000 if the underwriter’s over- allotment option is exercised in full) in a private placement that shall close simultaneously with the consummation of the Public Offering (including the
    Ordinary Shares issuable upon exercise of such Private Placement Warrants); (iv) “Public Shareholders” shall mean the holders of Ordinary Shares included in the Units issued in the Public Offering; (v) “Public Shares” shall
    mean the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and a portion of the proceeds of the sale of
    the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to
    dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended,
    and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any
    security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (ix) “Charter” shall
    mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

  
     

    
      
 

  

  
  2.             Representations and Warranties.

   

  (a)             The Sponsor and each Insider, with
    respect to itself, herself or himself, represent and warrant to the Company that it, she or he has the full right and power, without violating any agreement to which it, she or he is bound (including, without limitation, any non-competition or
    non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement, as applicable, and to serve as an officer of the Company and/or a director on the Company’s Board of Directors (the “Board”), as
    applicable, and each Insider hereby consents to being named in the Prospectus, road show and any other materials as an officer and/or director of the Company, as applicable.

   

  (b)             Each Insider represents and warrants,
    with respect to herself or himself, that such Insider’s biographical information furnished to the Company (including any such information included in the Prospectus) is true and accurate in all material respects and does not omit any material
    information with respect to such Insider’s background. The Insider’s questionnaire furnished to the Company is true and accurate in all material respects. Each Insider represents and warrants that such Insider is not subject to or a respondent in any
    legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; such Insider has never been convicted of, or pleaded guilty to,
    any crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and such Insider is not currently a defendant in any such criminal proceeding; and
    such Insider has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

   

  3.             Business Combination Vote. It is
    acknowledged and agreed that the Company shall not enter into a definitive agreement regarding a proposed Business Combination without the prior consent of the Sponsor. The Sponsor and each Insider, with respect to itself, or herself or himself, agrees
    that if the Company seeks shareholder approval of a proposed initial Business Combination, then in connection with such proposed initial Business Combination, it, she or he, as applicable, shall vote all Founder Shares and any Public Shares held by it,
    her or him, as applicable, in favor of such proposed initial Business Combination (including any proposals recommended by the Board in connection with such Business Combination) and not redeem any Public Shares held by it, her or him, as applicable, in
    connection with such shareholder approval.

  
    2 

    
      
 

  

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

   

  (a)             The Sponsor and each Insider hereby
    agree, with respect to itself, herself or himself, that in the event that the Company fails to consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor and each Insider shall take all reasonable steps to
    cause the Company to (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share price, payable in cash, equal to
    the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously release to the Company to pay income taxes (less up to $100,000 of interest to pay dissolution expenses),
    divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as
    reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Board, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law to
    provide for claims of creditors and in all cases subject to the other requirements of applicable law. The Sponsor and each Insider agree not to propose any amendment to the Charter (A) that would modify the substance or timing of the Company’s
    obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete an initial Business Combination within
    the required time period set forth in the Charter or (B) with respect to any provision relating to the rights of holders of Public Shares unless the Company provides its Public Shareholders with the opportunity to redeem their Public Shares upon
    approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay
    taxes, if any, divided by the number of then-outstanding Public Shares.

   

  (b)             The Sponsor and each Insider, with
    respect to itself, herself or himself, acknowledges that it, she or he has no right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with
    respect to the Founder Shares held by it, her or him, if any. The Sponsor and each of the Insiders hereby further waive, with respect to any Founder Shares and Public Shares held by it, her or him, as applicable, any redemption rights it, she or he may
    have in connection with the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder vote to approve such Business Combination or a shareholder vote to approve an amendment to the
    Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares
    if the Company has not consummated an initial Business Combination within the time period set forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares (although the Sponsor and the Insiders shall be
    entitled to liquidation rights with respect to any Public Shares they hold if the Company fails to consummate a Business Combination within the required time period set forth in the Charter).

  
    3 

    
      
 

  

  5.             Lock-up; Transfer Restrictions.

   

  (a)             The Sponsor and the Insiders agree
    that they shall not Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest of (A) one year after the completion of an initial Business Combination and (B) the date following the completion of an initial Business
    Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property
    (the “Founder Shares Lock-up Period”). Notwithstanding the foregoing, if, subsequent to a Business Combination, the closing price of the Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share
    capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination, the Founder Shares shall be released from the
    Founder Shares Lock-up.

   

  (b)            The Sponsor and Insiders agree that
    they shall not effectuate any Transfer of the Private Placement Warrants or Ordinary Shares underlying such warrants until 30 days after the completion of an initial Business Combination.

   

  (c)             Notwithstanding the provisions set
    forth in paragraphs 5(a) and (b), Transfers of the Founder Shares and Private Placement Warrants are permitted (a) to the Company’s officers or directors, any affiliate or family member of any of the Company’s officers or directors, any
    members or partners of the Sponsor or their affiliates, any affiliates of the Sponsor, or any employees of such affiliates; (b) in the case of an individual, by gift to a member of one of the individual’s immediate family, any estate planning vehicle
    or to a trust, the beneficiary of which is a member of the individual’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the
    individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with the consummation of a Business Combination at prices no greater than the price at which the
    Founder Shares, or Private Placement Warrants, as applicable, were originally purchased; (f) pro rata distributions from the Sponsor to its members, partners, or stockholders pursuant to the Sponsor’s operating agreement; (g) by virtue of the Sponsor’s
    organizational documents upon liquidation or dissolution of the Sponsor; (h) to the Company for no value for cancellation in connection with the consummation of an initial Business Combination; (i) in the event of the Company’s liquidation prior to the
    completion of a Business Combination; or (j) in the event of completion of a liquidation, merger, share exchange, reorganization or other similar transaction which results in all of the Company’s Public Shareholders having the right to exchange their
    Ordinary Shares for cash, securities or other property subsequent to the completion of an initial Business Combination; provided, however, that in the case of clauses (a) through (g) these permitted transferees must enter into a written
    agreement agreeing to be bound by these transfer restrictions.

   

  (d)             During the period commencing on the
    effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor and each Insider shall not, without the prior written consent of the Underwriter, transfer any Units, Ordinary Shares, Warrants or any other securities
    convertible into, or exercisable or exchangeable for, Ordinary Shares held by it, her or him, as applicable, subject to certain exceptions enumerated in Section 6(h) of the Underwriting Agreement.

  
    4 

    
      
 

  

  6.             Remedies. The Sponsor and each of the
    Insiders hereby agree and acknowledge that (i) each of the Underwriter and the Company would be irreparably injured in the event of a breach by the Sponsor or such Insider of its, her or his obligations, as applicable under paragraphs 3, 4,
    5, 7, 10 and 11, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in
    law or in equity, in the event of such breach.

   

  7.             Payments by the Company. Except as
    disclosed in the Prospectus, neither the Sponsor nor any affiliate of the Sponsor nor any director or officer of the Company nor any affiliate of the officers shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in
    respect of any payment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate the consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is).

   

  8.             Director and Officer Liability Insurance.
    The Company will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and the Insiders shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage
    available for any of the Company’s directors or officers.

   

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

   

  10.          Indemnification. In the event of the
    liquidation of the Trust Account upon the failure of the Company to consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless the
    Company against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending
    or threatened) to which the Company may become subject as a result of any claim by (i) any third party for services rendered or products sold to the Company (except for the Company’s independent auditors) or (ii) any prospective target business with
    which the Company has discussed entering into a transaction agreement (a “Target”); provided, however, that such indemnification of the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure that
    such claims by a third party for services rendered or products sold to the Company or a Target do not reduce the amount of funds in the Trust Account to below the lesser of (i) $10.20 per Public Share and (ii) the actual amount per Public Share held in
    the Trust Account as of the date of the liquidation of the Trust Account if less than $10.20 per Public Share due to reductions in the value of the trust assets, in each case net of interest that may be withdrawn to pay the Company’s tax obligations,
    (y) shall not apply to any claims by a third party or Target who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s
    indemnity of the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory to the
    Company if, within 15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that it shall undertake such defense.

  
    5 

    
      
 

  

  11.          Forfeiture of Founder Shares. To the extent
    that the Underwriter does not exercise its option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no
    consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. The Sponsor and
    Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the
    consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary Shares and Founder Shares to be outstanding immediately after the consummation of the Public Offering.

   

  12.           Entire Agreement. This Letter Agreement
    constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they
    relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a
    written instrument executed by all parties hereto.

   

  13.          Assignment. No party hereto may assign
    either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other 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 Letter Agreement shall be binding on the Sponsor, each of the Insiders and each of their respective successors, heirs, personal representatives and assigns and permitted
    transferees.

   

  14.          Counterparts. This Letter Agreement may be
    executed in any number of original or facsimile counterparts, and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

   

  15.           Effect of Headings. The paragraph headings
    herein are for convenience only and are not part of this Letter Agreement and shall not affect the interpretation thereof.

   

  16.          Severability. This Letter Agreement shall be
    deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or
    unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

  
    6 

    
      
 

  

  17.           Governing Law. This Letter Agreement shall
    be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties
    hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such
    jurisdiction and venue, which jurisdiction and venue shall be exclusive, and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

   

  18.          Notices. Any notice, consent or request to
    be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile
    transmission.

   

  [Signature Page Follows]

  
    7 

    
      
 

  

  	 	Sincerely,
	 	 
	 	Infinite Sponsor, LLC
	 	 
	 	By:	/s/ Alexander Michael
	 	Name:	Alexander Michael
	 	Title:	Manager

   

  [SIGNATURE PAGE TO LETTER AGREEMENT]

  
     

    
      
 

  

  		By:	/s/ Rich Kleiman
	 	 	Rich Kleiman

   

  [Signature Page to Letter Agreement]

  
     

    
      
 

  

  		By:	/s/ Kevin Durant
	 	 	Kevin Durant

   

  [Signature Page to Letter Agreement]

  
     

    
      
 

  

  		By:	/s/ Alexander Michael
	 	 	Alexander Michael

   

  [Signature Page to Letter Agreement]

  
     

    
      
 

  

  		By:	/s/ Aryeh B. Bourkoff
	 	 	Aryeh B. Bourkoff

   

  [Signature Page to Letter Agreement]

  
     

    
      
 

  

  		By:	/s/ Anré Williams
	 	 	Anré Williams

   

  [Signature Page to Letter Agreement]

  
     

    
      
 

  

  		By:	/s/ Sam Lessin
	 	 	Sam Lessin

   

  [Signature Page to Letter Agreement]

  
     

    
      
 

  

  		By:	/s/ Annastasia Skilakos (Seebohm)
	 	 	Annastasia Skilakos (Seebohm)

   

  [Signature Page to Letter Agreement]

  
     

    
      
 

  

  		By:	/s/ Stacey Bendet
	 	 	Stacey Bendet

   

  [Signature Page to Letter Agreement]

  
     

    
      
 

  

  		By:	/s/ James Rosenstock
	 	 	James Rosenstock

   

  [Signature Page to Letter Agreement]

  
     

    
      
 

  

  Acknowledged and Agreed:

   

  INFINITE ACQUISITION CORP.

   

  	By:	/s/ James Rosenstock	 
	Name:	James Rosenstock
	Title:	Chief Financial Officer

   

  [Signature Page to Letter Agreement]Exhibit 10.5

   

  Infinite Acquisition Corp.

  660 Madison Avenue

  New York, New York 10065

   

  November 23, 2021

   

  Infinite Sponsor, LLC

  660 Madison Avenue

  New York, New York 10065

   

  Ladies and Gentlemen:

   

  This letter will confirm our agreement that, commencing on the effective date (the “Effective Date”) of the registration statement (the “Registration

        Statement”) for the initial public offering (the “IPO”) of the securities of Infinite Acquisition Corp. (the “Company”) and continuing until the earlier of (i) the consummation by the Company of an initial
    business combination and (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), Infinite Sponsor, LLC (the “Sponsor”)
    shall take steps directly or indirectly to make available to the Company certain office space, secretarial and administrative services as may be required by the Company from time to time, situated at 660 Madison Avenue, New York, New York 10065 (or any
    successor location). In exchange therefore, the Company shall pay the Sponsor, or an affiliate thereof, as determined by the Sponsor, a sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. The
    Sponsor hereby agrees that it does not have any right, title, interest or claim of any kind (a “Claim”) in or to any monies that may be set aside in a trust account (the “Trust Account”) that may be established upon the
    consummation of the IPO and hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason
    whatsoever.

   

  This letter agreement constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior
    understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby.

   

  This letter agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

   

  The parties may not assign this letter agreement and any of their rights, interests, or obligations hereunder without the consent of the other party.

   

  This letter agreement shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without giving effect to its
    choice of laws principles that will apply the laws of another jurisdiction.

  
     

    
      
 

  

  
  This letter agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall
    constitute one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this letter agreement.

   

  [Signature Page Follows]

  
    2 

    
      
 

  

  	 	Very truly yours,
	 	 
	 	INFINITE ACQUISITION CORP.
	 	 
	 	By:	/s/ James Rosenstock
	 	Name:	James Rosenstock
	 	Title:	Chief Financial Officer

   

  AGREED TO AND ACCEPTED BY:

   

  INFINITE SPONSOR, LLC

   

  	By:	/s/ Alexander Michael	 
	Name:	Alexander Michael
	Title:	Manager

   

  [Signature Pages to Administrative Services Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}]]