Document:

EX-10.1

 Exhibit 10.1 

INVESTMENT MANAGEMENT TRUST AGREEMENT 

This Investment Management Trust Agreement (this “Agreement”) is made as of January 19, 2021 by and between Legato
Merger Corp. (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”). 

WHEREAS, the Company’s registration statements on Form S-l, File
No. 333-248997 and on Form S-1MEF, File No. 333-252240 (together, the “Registration Statement”) and prospectus (“Prospectus”)
for the initial public offering of the Company’s units (“Units”), each of which consists of one share of the Company’s common stock, par value $0.0001 per share (“Common Stock”) and one warrant, each
warrant entitling the holder to purchase one share of Common Stock (such initial public offering referred to as the “IPO”) has been declared effective as of the date hereof (“Effective Date”) by the Securities and
Exchange Commission (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Registration Statement); 

WHEREAS, the Company has entered into an Underwriting Agreement (“Underwriting Agreement”) with EarlyBirdCapital, Inc. as
representative (the “Representative”) of the several underwriters (“Underwriters”) named therein; 

WHEREAS, as described in the Prospectus, and in accordance with the Company’s Amended and Restated Certificate of Incorporation,
$205,000,000 ($235,750,000 if the over-allotment option is exercised in full) of the proceeds from the IPO and a simultaneous private placement of Units will be delivered to the Trustee to be deposited and held in a segregated trust account located
at all times in the United States (the “Trust Account”) for the benefit of the Company and the holders of the Common Stock included in the Units issued in the IPO as hereinafter provided (the proceeds to be delivered to the Trustee
and any interest subsequently earned thereon will be referred to herein as the “Property”: the stockholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Stockholders,” and
the Public Stockholders and the Company will be referred to together as the “Beneficiaries”): and 
 WHEREAS, the Company
and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property. 

IT IS AGREED: 

1.    Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to: 

(a)    Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust
Account established by the Trustee initially at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100 billion or more) in the United States, maintained by Trustee, and at a brokerage
institution selected by the Company that is reasonably satisfactory to the Trustee; 
 (b)    Manage, supervise, and
administer the Trust Account subject to the terms and conditions set forth herein; 
 (c)    In a timely manner, upon
the written instruction of the Company, either (i) invest and reinvest the Property in United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the
“Investment Company Act”), having a maturity of 185 days or less, and/or in any open ended investment company registered under the Investment Company Act that holds itself out as a money market fund selected by the Company meeting
the conditions of paragraph (d) of Rule 2a-7 promulgated under the Investment Company Act, which invest only in direct U.S. government treasury obligations or (ii) cause the brokerage institution
referred to in 1(a) above to place the Property in a cash demand deposit account; it being understood that unless the Company instructs the Trustee to do either of the foregoing, the Trust Account will earn no interest while account funds are
uninvested awaiting the Company’s instructions hereunder and the Trustee may earn bank credits or other consideration during such periods; 

(d)    Collect and receive, when due, all principal and income arising from the Property, which shall become part of the
“Property,” as such term is used herein; 

  
   

 
 1/14 

 (e)    Promptly notify the Company and the Representative of all
communications received by it with respect to any Property requiring action by the Company; 
 (f)    Supply any
necessary information or documents as may be requested by the Company in connection with the Company’s preparation of its tax returns; 

(g)    Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property
if, as, and when instructed by the Company to do so; 
 (h)    Render to the Company monthly written statements of the
activities of and amounts in the Trust Account reflecting all receipts and disbursements of the Trust Account; 

(i)    Commence liquidation of the Trust Account only after and promptly after receipt of, and only in accordance with,
the terms of a letter from the Company (“Termination Letter”), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, as applicable, signed on behalf of the Company and, in the case
of a Termination Letter in a form substantially similar to that attached hereto as Exhibit A, jointly acknowledged and agreed to by the Representative, and complete the liquidation of the Trust Account and distribute the Property in the Trust
Account only as directed in the Termination Letter and the other documents referred to therein; provided, however, that in the event that a Termination Letter has not been received by the Trustee within the period of time (the “Last
Date”) provided in the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time (the “Certificate of Incorporation”), the Trust Account shall be liquidated in accordance
with the procedures set forth in the Termination Letter attached as Exhibit B hereto and distributed to the Public Stockholders as of the Last Date; and 

(j)    Upon receipt of a letter (an “Amendment Notification Letter”) in the form of Exhibit C,
signed on behalf of the Company by an authorized officer, distribute to Public Stockholders who exercised their redemption rights in connection with an amendment to Article Sixth of the Company’s Amended and Restated Certificate of
Incorporation (an “Amendment”) an amount equal to the pro rata share of the Property relating to the Common Stock for which such Public Stockholders have exercised redemption rights in connection with such Amendment. 

2.    Limited Distributions of Income from Trust Account. 

(a)    Upon written request from the Company, which may be given from time to time in a form substantially similar to that
attached hereto as Exhibit D, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company or liquidation
expenses not to exceed $100,000. 
 (b)    The limited distributions referred to in Section 2(a). above
shall be made only from income collected on the Property. Except as provided in Section 2(a). above, no other distributions from the Trust Account shall be permitted except in accordance with Sections l(i) or l(j)
hereof. 
 3.    Agreements and Covenants of the Company. The Company agrees and covenants to: 

(a)    Give all instructions to the Trustee hereunder in writing, signed by any one of the Company’s authorized
officers. The Trustee shall be entitled to rely on such written instructions from the Company confirmed by telephone instruction from a person which the Trustee in good faith believes to be given by any one of the persons authorized above to give
written instructions; 
 (b)    Subject to the provisions of Section 5 of this Agreement, hold the Trustee
harmless and indemnify the Trustee from and against any and all expenses, including reasonable counsel fees and disbursements, or losses suffered by the Trustee in connection with any claim, potential claim, action, suit, or other proceeding brought
against the Trustee which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any income earned from investment of the Property, except for expenses and losses resulting from the
Trustee’s gross negligence, fraud, or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit, or proceeding, pursuant to which the Trustee intends to seek
indemnification under this paragraph, it shall notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense against such
Indemnified Claim, provided, that the Trustee shall obtain the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the
prior written consent of the Company, which consent shall not be unreasonably withheld. The Company may participate in such action with its own counsel; 

  
 2 

 
 2/14 

 (c)    Pay the Trustee an initial acceptance fee, an annual fee, and a
transaction processing fee for each disbursement made pursuant to Section 2(a) as set forth on Schedule A hereto, which fees shall be subject to modification by the parties from time to time. It is expressly understood that the
Property shall not be used to pay such fees and further agreed that any fees owed to the Trustee shall be deducted by the Trustee pursuant to Section l(i) solely in connection with the consummation of a business combination (a
“Business Combination”). The Company shall pay the Trustee the initial acceptance fee and first year’s fee at the consummation of the IPO and thereafter on the anniversary of the Effective Date; 

(d)    In connection with any vote of the Company’s stockholders regarding a Business Combination, provide to the
Trustee an affidavit or certificate of a firm regularly engaged in the business of soliciting proxies and/or tabulating stockholder votes verifying the vote of the Company’s stockholders regarding such Business Combination; 

(e)    In the event that the Company directs the Trustee to commence liquidation of the Trust Account pursuant to
Section l(i), the Company agrees that it will not direct the Trustee to make any payments that are not specifically authorized by this Agreement; 

(f)    If the Company has an Amendment approved by its stockholders, provide the Trustee with an Amendment Notification
Letter in the form of Exhibit C providing instructions for the distribution of funds to Public Stockholders who exercise their redemption rights in connection with such Amendment; and 

(g)    Provide the Representative with a copy of any Termination Letter, Amendment Notification Letter, and/or any other
correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance. 

4.    Limitations of Liability. The Trustee shall have no responsibility or liability to: 

(a)    Take any action with respect to the Property, other than as directed in Sections 1 and 2 hereof, and
the Trustee shall have no liability to any party except for liability arising out of its own gross negligence, fraud or willful misconduct; 

(b)    Institute any proceeding for the collection of any principal and income arising from, or institute, appear in, or
defend any proceeding of any kind with respect to, any of the Property unless and until it shall have received instructions from the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient
to pay any expenses incident thereto; 
 (c)    Change the investment of any Property, other than in compliance with
Section 1(c); 
 (d)    Refund any depreciation in principal of any Property; 

(e)    Assume that the authority of any person designated by the Company to give instructions hereunder shall not be
continuing unless provided otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee; 

  
 3 

 
 3/14 

 (f)    The other parties hereto or to anyone else for any action taken
or omitted by it, or any action suffered by it to be taken or omitted, in good faith and in the exercise of its own best judgment (provided, that with respect to its duties under Sections l(i), l(j), and
2(a) above, the Trustee shall take no action except as set forth in written instructions from the Company, confirmed by telephone, in accordance with Section 3(a)), except for its gross negligence, fraud or willful
misconduct. The Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion, or advice of counsel (including counsel chosen by the Trustee), statement, instrument, report, or other paper or
document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by the Trustee, in good faith, to be genuine and to
be signed or presented by the proper person or persons (provided, that with respect to its duties under Sections l(i), l(j), and 2(a) above, the Trustee shall take no action except as set forth in written
instructions from the Company, confirmed by telephone, in accordance with Section 3(a)) The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination, or rescission of this Agreement or any of
the terms hereof, unless evidenced by a written instrument delivered to the Trustee signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto; 

(g)    Verify the correctness of the information set forth in the Registration Statement or to confirm or assure that any
Business Combination consummated by the Company or any other action taken by it is as contemplated by the Registration Statement; 

(h)    File local, state, and/or federal tax returns or information returns with any taxing authority on behalf of the
Trust Account or deliver payee statements to the Company documenting the taxes, if any, payable by the Company or the Trust Account, relating to the income earned on the Property; 

(i)    Pay any taxes on behalf of the Trust Account (it being expressly understood that the Property shall not be used to
pay any such taxes and that such taxes, if any, shall be paid by the Company from funds not held in the Trust Account or released to it under Section 2(a) hereof); 

(j)    Imply obligations, perform duties, inquire, or otherwise be subject to the provisions of any agreement or document
other than this agreement and that which is expressly set forth herein; or 
 (k)    Verify calculations, qualify, or
otherwise approve Company requests for distributions pursuant to Sections l(i), l(j), and 2(a) above. 

5.    Trust Account Waiver. The Trustee has no right of set-off or any right, title,
interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future. In the event the Trustee
has any Claim against the Company under this Agreement, including, without limitation, under Section 3(b) or Section 3(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets
outside the Trust Account and not against the Property or any monies in the Trust Account. 
 6.    Termination. This Agreement
shall terminate as follows: 
 (a)    If the Trustee gives written notice to the Company that it desires to resign under
this Agreement, the Company shall use its reasonable efforts to locate a successor trustee during which time the Trustee shall act in accordance with this Agreement. At such time that the Company notifies the Trustee that a successor trustee has
been appointed by the Company and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the
reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided, however, that, in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation
notice from the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York or with the United States District Court for the Southern District of New York and upon such deposit, the Trustee
shall be immune from any liability whatsoever; or 
 (b)    At such time that the Trustee has completed the liquidation
of the Trust Account in accordance with the provisions of Section l(i) hereof, and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to
Section 3(b) and Section 5. 
 7.    Miscellaneous. 

(a)    The Company and the Trustee will each restrict access to confidential information relating to funds being
transferred to or from the Trust Account to authorized persons. Each party must notify the other party immediately if it has reason to believe 

  
 4/14 

 
unauthorized persons may have obtained access to such information, or of any change in its authorized personnel. In executing funds transfers, the Trustee will rely upon all information supplied
to it by the Company, including account names, account numbers, and all other identifying information relating to a beneficiary, beneficiary’s bank, or intermediary bank. Except for any liability arising out of the Trustee’s gross
negligence, fraud, or willful misconduct, the Trustee shall not be liable for any loss, liability, or expense resulting from any error in the information supplied to it or funds transferred based on such information. 

  
 4 

 
 5/14 

 (b)    This 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 consent to the jurisdiction and venue of
any state or federal court located in the City of New York, Borough of Manhattan, for purposes of resolving any disputes hereunder. As to any claim, cross-claim, or counterclaim in any way relating to this Agreement, each party waives the right to
trial by jury. 
 (c)    This Agreement may be executed in several original or facsimile counterparts, each one of which
shall constitute an original, and together shall constitute but one instrument. 
 (d)    This Agreement contains the
entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except for Sections l(i) and l(j) (which sections may not be modified, amended or deleted without the affirmative vote of a majority of the then
outstanding shares of Common Stock of the Company; provided that no such amendment will affect any Public Stockholder who has otherwise indicated his, her or its election to redeem his, her or its shares of Common Stock in connection with a vote
sought to amend this Agreement), this Agreement or any provision hereof may only be changed, amended or modified by a writing signed by each of the parties hereto; provided, however, that no such change, amendment or modification may be made without
the prior written consent of the Representative. The Trustee may require from Company counsel an opinion as to the propriety of any proposed amendment. 

(e)    Any notice, consent or request to be given in connection with any of the terms or provisions of this 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, by email or by facsimile transmission: 

if to the Trustee, to: 

Continental Stock Transfer & Trust Company 

1 State Street, 30th floor 
 New
York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez 

Email: fwolf@continentalstock.com 

Email: cgonzalez@continentalstock.com 

if to the Company, to: 
 Legato
Merger Corp. 
 777 Third Avenue, 37th Floor 

New York, New York 10017 
 Attn:
David D. Sgro, Chief Executive Officer 
 E-mail: dsgro@crescendopartners.com 

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

EarlyBirdCapital, Inc. 
 366
Madison Avenue, 8th Floor 
 New York, NY 10017 

Attn: Steven Levine 
 E-mail: slevine@ebccap.com 
 and 

Graubard Miller 
 The Chrysler
Building 
 405 Lexington Avenue 

New York, New York 10174 
 Attn:
David Alan Miller, Esq. 
 E-mail: dmiller@graubard.com 

  
 5 

 
 6/14 

 and 

Loeb & Loeb LLP 
 345
Park Avenue 
 New York, NY 10154 

Attn: Mitchell S. Nussbaum, Esq. 

E-mail: mnussbaum@loeb.com 

(f)    This Agreement may not be assigned by the Trustee without the prior consent of the Company. 

(g)    Each of the Trustee and the Company hereby represents that it has the full right and power and has been duly
authorized to enter into this Agreement and to perform its respective obligations as contemplated hereunder. 

(h)    Each of the Company and the Trustee hereby acknowledge that the Representative is a third party beneficiary of this
Agreement. 
 [Signature Page Follows] 

  
 6 

 
 7/14 

 IN WITNESS WHEREOF, the parties have duly executed this Investment Management Trust
Agreement as of the date first written above. 
  

					
	 CONTINENTAL STOCK TRANSFER & TRUST

COMPANY, as Trustee

		
	By:	 	 /s/ Francis Wolf

		 	Name:	 	Francis Wolf
		 	Title:	 	Vice President
	
	LEGATO MERGER CORP.
		
	By:	 	 /s/ David D. Sgro

		 	Name:	 	David D. Sgro
		 	Title:	 	Chief Executive Officer

  
 7 

 
 8/14 

 SCHEDULE A 
  

							
	 Fee Item
	  	 Time and method of payment
	  	Amount	 
	 Initial acceptance fee
	  	Initial closing of IPO by wire transfer	  	$	3,500.00	 
	 Annual fee
	  	First year, initial closing of IPO by wire transfer; thereafter on the anniversary of the effective date of the IPO by wire transfer or check	  	$	 10,000.00	 
	 Transaction processing fee for disbursements to Company under Section 2
	  	Billed to Company following disbursement made to Company under Section 2	  	$	250.00	 
	 Paying Agent services as required pursuant to section l(i) and l(j)
	  	Billed to Company upon delivery of service pursuant to section l(i) and l(j)	  	 	Prevailing rates	 

  
 8 

 
 9/14 

 EXHIBIT A 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account Termination Letter 
 Dear Mr. Wolf
and Ms. Gonzalez: 
 Pursuant to Section l(i) of the Investment Management Trust Agreement between Legato Merger Corp.
(“Company”) and Continental Stock Transfer & Trust Company, dated as of January 19, 2021 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement with
[                    ] to consummate a business combination (“Business Combination”) on or about [insert date]. The Company
shall notify you at least 72 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the
Trust Agreement. 
 In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments
and to transfer the proceeds to the Trust Account at J.P. Morgan Chase Bank, N.A. to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the
Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting distribution, the Company will not earn any interest or dividends. 

On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been
consummated and (ii) the Company shall deliver to you (a) a certificate by the Chief Executive Officer, which verifies the vote of the Company’s stockholders in connection with the Business Combination if a vote is held and
(b) joint written instructions from the Company and the Representative with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds
held in the Trust Account immediately upon your receipt of the counsel’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be
liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company.
Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, your obligations under the Trust Agreement shall be terminated. 

In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not
notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the you of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on
the business day immediately following the Consummation Date as set forth in the notice. 
  

					
	Very truly yours,
	
	LEGATO MERGER CORP.
		
	By:	 	  

		 	Name:	 	David D. Sgro
		 	Title:	 	Chief Executive Officer

  

			
	AGREED TO AND ACKNOWLEDGED BY
	
	EARLYBIRDCAPITAL, INC.
		
	By:	 	
                     
                                         
                   

  
 10/14 

			
		 	Name:
		 	Title:

  
 A-1 

 
 11/14 

 EXHIBIT B 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account Termination Letter 

Dear Mr. Wolf and Ms. Gonzalez: 

Pursuant to Section 1(i) of the Investment Management Trust Agreement between Legato Merger Corp. (“Company”) and Continental
Stock Transfer & Trust Company, dated as of January 19, 2021 (“Trust Agreement”), this is to advise you that the Company has been unable to effect a Business Combination with a Target Company within the time frame
specified in the Company’s Amended and Restated Certificate of Incorporation, as described in the Company’s prospectus relating to its IPO. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the
Trust Agreement. 
 In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account and to
transfer the total proceeds of the Trust to the Trust Operating Account at J.P. Morgan Chase Bank, N.A. to await distribution to the Public Stockholders. The Company has selected
[            , 20     ] as the effective date for the purpose of determining when the Public Stockholders will be entitled to receive their share of the liquidation
proceeds. It is acknowledged that while the funds are on deposit in the Trust Operating Account awaiting distribution, the Company will not earn any interest or dividends. You agree to be the Paying Agent of record and in your separate capacity as
Paying Agent, to distribute said funds directly to the Public Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds in the
Trust Account, your obligations under the Trust Agreement shall be terminated. 
  

					
	 Very truly yours,
  

LEGATO MERGER CORP.

		
	By:	 	  

		 	Name:	 	David D. Sgro
		 	Title:	 	Chief Executive Officer

 cc: EarlyBirdCapital, Inc. 

  
 B-1 

 
 12/14 

 EXHIBIT C 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account Amendment Notification Letter 

Dear Mr. Wolf and Ms. Gonzalez: 

Reference is made to the Investment Management Trust Agreement between Legato Merger Corp. (“Company”) and Continental Stock
Transfer & Trust Company, dated as of January 19, 2021 (“Trust Agreement”). Capitalized words used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement. 

Pursuant to Section l(j) of the Trust Agreement, this is to advise you that the Company has sought an Amendment. Accordingly, in accordance
with the terms of the Trust Agreement, we hereby authorize you to liquidate a sufficient portion of the Trust Account and to transfer $        of the total proceeds of the Trust to the Trust Account at
[●] to await distribution to the Public Stockholders that have requested conversion of their shares in connection with such Amendment. The remaining funds shall be reinvested by you as previously instructed. 

 

					
	
	 Very truly yours,
  

LEGATO MERGER CORP.

		
	By:	 	  

		 	Name:	 	David D. Sgro
		 	Title:	 	Chief Executive Officer

 cc: EarlyBirdCapital, Inc. 

  
 C-1 

 
 13/14 

 EXHIBIT D 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account Withdrawal Letter 

Dear Mr. Wolf and Ms. Gonzalez: 

Pursuant to Section 2(a) of the Investment Management Trust Agreement between Legato Merger Corp. (“Company”) and
Continental Stock Transfer & Trust Company, dated as of January 19, 2021 (“Trust Agreement”), the Company hereby requests that you deliver to the Company [$        ] of the
interest income earned on the Property as of the date hereof. The Company needs such funds to pay for its [income or other tax obligations] [dissolution and liquidation expenses, which expenses will not exceed $100,000]. 

In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds
promptly upon your receipt of this letter to the Company’s operating account at: 
 [WIRE INSTRUCTION INFORMATION] 

 

					
	LEGATO MERGER CORP.
		
	By:	 	              

		 	Name:	 	David D. Sgro
		 	Title:	 	Chief Executive Officer

 cc: EarlyBirdCapital, Inc. 

  
 D-1 

 
 14/14EX-10.2

 Exhibit 10.2 

Legato Merger Crop. 
 777
Third Avenue, 37th Floor 
 New York, New York 10017 

January 19, 2021 
 Crescendo Advisors II, LLC 

777 Third Avenue, 37th Floor 
 New York, New York 10017 

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 securities of Legato Merger Corp, (the “Company’’) and continuing until the earlier of (i) the consummation by the Company of an initial business combination or (ii) the
Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), Crescendo Advisors II, LLC shall make available to the Company
certain office space and administrative and support services as may be required by the Company from time to time, situated at 777 Third Avenue, 37th Floor, New York, New York 10017 (or any successor location). In exchange therefore, the Company
shall pay Crescendo Advisors II, LLC the sum of $15,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. Crescendo Advisors II, LLC hereby agrees that it does not have any right, title, interest or claim
of any kind in or to any monies that may be set aside in a trust account (the “Trust Account’) to be established upon the consummation of the IPO (the “Claim”) and hereby 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. 

[Signature Page Follows] 

  
  

1/2 

 
					
	Very truly yours,
	
	LEGATO MERGER CORP.
		
	By:	 	 /s/ David D. Sgro

		 	Name:	 	David D. Sgro
		 	Title:	 	Chief Executive Officer

  

					
	AGREED TO AND ACCEPTED BY:
	
	CRESCENDO ADVISORS II, LLC
		
	By:	 	 /s/ Eric Rosenfeld

		 	Name:	 	Eric Rosenfeld
		 	Title:	 	CEO

 [Signature Page to Administrative Services Agreement] 

  
  

2/2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00330-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00330-of-00352.parquet"}]]