Document:

Exhibit 10.4

 

 

 

Tuatara Capital Acquisition Corporation

 

655 Third Avenue, 8th Floor

 

New York, New York 10017

 

February 11, 2021

 

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 Tuatara Capital Acquisition Corporation
(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”), TCAC Sponsor, 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, at 655
Third Avenue, 8th Floor, New York, New York 10017. In exchange therefore, the Company shall pay TCAC Sponsor, LLC up to $10,000
per month on the Effective Date and continuing monthly thereafter until the Termination Date.

 

TCAC Sponsor, 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”)
that may be established upon the consummation of the IPO and will not seek recourse against the Trust Account for any reason whatsoever.

 

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

 

No party hereto may assign this agreement or any rights, interests
or contracted obligations hereunder without the prior written approval of the other party. 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 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 law principles.

 

 

	 	Very
truly yours,
	 	 
	 	 
	 	Tuatara Capital Acquisition Corporation
	 	 
	 	 
	 	By:	/s/ Albert Foreman
	 	 	Name:Albert Foreman
	 	 	Title:Chief Executive Officer

 

     

     

    

AGREED TO AND ACCEPTED BY:

 

 

	TCAC Sponsor, LLC	 
	 	 
	 	 
	By:	/s/ Albert Foreman	 
	 	Name:Albert Foreman	 
	 	Title:Manager	 

 

 

[Signature page to Administrative Services
Agreement]Exhibit 10.5

 

SPONSOR WARRANTS PURCHASE AGREEMENT

 

THIS SPONSOR WARRANTS PURCHASE AGREEMENT,
dated as of February 11, 2021 (as it may from time to time be amended, this “Agreement”), is entered into by
and between Tuatara Capital Acquisition Corporation, a Cayman Islands exempted company (the “Company”), and
TCAC Sponsor, LLC, a Delaware limited liability company (the “Purchaser”).

 

WHEREAS:

 

The Company intends to consummate an initial
public offering of the Company’s units (the “Public Offering”), each unit consisting of one Class A ordinary
share of the Company, par value $0.0001 per share (each, an “Ordinary Share”), and one-half of one redeemable
warrant;

 

Each whole warrant entitles the holder to
purchase one Ordinary Share at an exercise price of $11.50 per Ordinary Share; and

 

The Purchaser has agreed to purchase an
aggregate of 5,500,000 warrants (or up to 6,025,000 warrants if the over-allotment option in connection with the Public Offering
is exercised in full) (the “Sponsor Warrants”), each Sponsor Warrant entitling the holder to purchase one Ordinary
Share at an exercise price of $11.50 per Ordinary Share.

 

NOW THEREFORE, in consideration of the mutual
promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:

 

AGREEMENT

 

Section 1.  
Authorization, Purchase and Sale; Terms of the Sponsor Warrants.

 

(a)  
Authorization of the Sponsor Warrants. The Company has duly authorized the issuance
and sale of the Sponsor Warrants to the Purchaser.

 

(b)  
Purchase and Sale of the Sponsor Warrants.

 

(i)  
On the date of the consummation of the Public Offering or on such earlier time and date as
may be mutually agreed by the Purchaser and the Company (the “Initial Closing Date”), the Company shall issue
and sell to the Purchaser, and the Purchaser shall purchase from the Company, 5,500,000 Sponsor Warrants at a price of $1.00 per
warrant for an aggregate purchase price of $5,500,000 (the “Purchase Price”), which shall be paid by wire transfer
of immediately available funds to the Company at least one day prior to the Initial Closing Date in accordance with the Company’s
wiring instructions. On the Initial Closing Date, following the payment by the Purchaser of the Purchase Price by wire transfer
of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the Sponsor Warrants
purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

 

    

     

    

(ii)  
On the date of any consummation of the closing of the over-allotment option in connection
with the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (each such
date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing
Date being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Purchaser,
and the Purchaser shall purchase from the Company, up to an aggregate of 525,000 Sponsor Warrants, in the same proportion as the
amount of the option that is then so exercised, at a price of $1.00 per warrant for an aggregate purchase price of up to $525,000
(if the over-allotment option in connection with the Public Offering is exercised in full) (the “Over-allotment Purchase
Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one day prior to
the Over-allotment Closing Date in accordance with the Company’s wiring instructions. On the Over-allotment Closing Date,
following the payment by the Purchaser of the Over-allotment Purchase Price by wire transfer of immediately available funds to
the Company, the Company shall, at its option, deliver a certificate to the Purchaser evidencing the Sponsor Warrants purchased
on such date duly registered in the Purchaser’s name or effect such delivery in book-entry form.

 

(c)  
Terms of the Sponsor Warrants.

 

(i)  
Each Sponsor Warrant shall have the terms set forth in a Warrant Agreement to be entered into
by the Company and a warrant agent, in connection with the Public Offering (a “Warrant Agreement”), and shall
be subject to the terms of a letter agreement, dated as of the date hereof, to be entered into by the Company, the Purchaser and
the other parties thereto, in connection with the Public Offering.

 

(ii)  
At the time of, or prior to, the closing of the Public Offering, the Company and the Purchaser
shall enter into a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the
Company will grant certain registration rights to the Purchaser relating to the Sponsor Warrants and the Ordinary Shares underlying
the Sponsor Warrants.

 

Section 2.  
Representations and Warranties of the Company. As a material inducement to the Purchaser
to enter into this Agreement and purchase the Sponsor Warrants, the Company hereby represents and warrants to the Purchaser (which
representations and warranties shall survive each Closing Date) that:

 

(a)  
Organization and Corporate Power. The Company is an exempted company duly incorporated,
validly existing and in good standing under the laws of the Cayman Islands and is qualified to do business in every jurisdiction
in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating
results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the
transactions contemplated by this Agreement and the Warrant Agreement.

 

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(b)  
Authorization; No Breach.

 

(i)  
The execution, delivery and performance of this Agreement and the Sponsor Warrants have been
duly authorized by the Company as of the Initial Closing Date. This Agreement constitutes the valid and binding obligation of the
Company, enforceable in accordance with its terms. Upon issuance in accordance with, and payment pursuant to, the terms of the
Warrant Agreement and this Agreement, the Sponsor Warrants will constitute valid and binding obligations of the Company, enforceable
in accordance with their terms as of each Closing Date.

 

(ii)  
The execution and delivery by the Company of this Agreement and the Sponsor Warrants, the
issuance and sale of the Sponsor Warrants, the issuance of the Ordinary Shares upon exercise of the Sponsor Warrants and the fulfillment,
of and compliance with, the respective terms hereof and thereof by the Company, do not and will not as of each Closing Date (A)
conflict with or result in a breach of the terms, conditions or provisions of, (B) constitute a default under, (C) result in the
creation of any lien, security interest, charge or encumbrance upon the Company’s share capital or assets under, (D) result
in a violation of, or (E) require any authorization, consent, approval, exemption or other action by or notice or declaration to,
or filing with, any court or administrative or governmental body or agency pursuant to, the amended and restated memorandum and
articles of association of the Company (in effect on the date hereof or as may be amended prior to completion of the contemplated
Public Offering), or any material law, statute, rule or regulation to which the Company is subject, or any agreement, order, judgment
or decree to which the Company is subject, except for any filings required after the date hereof under federal or state securities
laws.

 

(c)  
Title to Securities. Upon issuance in accordance with, and payment pursuant to, and
registration in the register of members of the Company, the terms hereof and the Warrant Agreement, the Ordinary Shares issuable
upon exercise of the Sponsor Warrants will be duly and validly issued, fully paid and non-assessable. Upon issuance in accordance
with, and payment pursuant to, the terms hereof and the Warrant Agreement, the Purchaser will have good title to the Sponsor Warrants
and the Ordinary Shares issuable upon exercise of such Sponsor Warrants, free and clear of all liens, claims and encumbrances of
any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated hereby, (ii) transfer restrictions
under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Purchaser.

 

(d)  
Governmental Consents. No permit, consent, approval or authorization of, or declaration
to or filing with, any governmental authority is required in connection with the execution, delivery and performance by the Company
of this Agreement or the consummation by the Company of any other transactions contemplated hereby.

 

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Section 3.  
Representations and Warranties of the Purchaser. As a material inducement to the Company
to enter into this Agreement and issue and sell the Sponsor Warrants to the Purchaser, the Purchaser hereby represents and warrants
to the Company (which representations and warranties shall survive each Closing Date) that:

 

(a)  
Organization and Requisite Authority. The Purchaser possesses all requisite power and
authority necessary to carry out the transactions contemplated by this Agreement.

 

(b)  
Authorization; No Breach.

 

(i)  
This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in
accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws
of general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered
in a proceeding in equity or law).

 

(ii)  
The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance
with the terms hereof by the Purchaser does not and shall not as of each Closing Date conflict with or result in a breach by the
Purchaser of the terms, conditions or provisions of any agreement, instrument, order, judgment or decree to which the Purchaser
is subject.

 

(c)  
Investment Representations.

 

(i)  
The Purchaser is acquiring the Sponsor Warrants and, upon exercise of the Sponsor Warrants,
the Ordinary Shares issuable upon such exercise (collectively, the “Securities”), for the Purchaser’s
own account, for investment purposes only and not with a view towards, or for resale in connection with, any public sale or distribution
thereof.

 

(ii)  
The Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3)
of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”).

 

(iii)  
The Purchaser understands that the Securities are being offered and will be sold to it in
reliance on specific exemptions from the registration requirements of the United States federal and state securities laws and that
the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance with, the representations and warranties
of the Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of the Purchaser
to acquire such Securities.

 

(iv)  
The Purchaser decided to enter into this Agreement not as a result of any general solicitation
or general advertising within the meaning of Rule 502(c) under the Securities Act.

 

    4

     

    

(v)  
The Purchaser has been furnished with all materials relating to the business, finances and
operations of the Company and materials relating to the offer and sale of the Securities which have been requested by the Purchaser.
The Purchaser has been afforded the opportunity to ask questions of the executive officers and directors of the Company. The Purchaser
understands that its investment in the Securities involves a high degree of risk and it has sought such accounting, legal and tax
advice as it has considered necessary to make an informed investment decision with respect to the acquisition of the Securities.

 

(vi)  
The Purchaser understands that no United States federal or state agency or any other government
or governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability
of the investment in the Securities by the Purchaser nor have such authorities passed upon or endorsed the merits of the offering
of the Securities.

 

(vii)  
The Purchaser understands that: (a) the Securities have not been and are not being registered
under the Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (1)
in a registered transaction or (2) sold in reliance on an exemption therefrom; and (b) except as specifically set forth in
the Registration Rights Agreement, neither the Company nor any other person is under any obligation to register the Securities
under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder. In
this regard, the Purchaser understands that the Securities and Exchange Commission (the “SEC”) has taken the
position that promoters or affiliates of a blank check company and their transferees, both before and after a Business Combination,
are deemed to be “underwriters” under the Securities Act when reselling the securities of a blank check company. Based
on that position, Rule 144 adopted pursuant to the Securities Act would not be available for resale transactions of the Securities
despite technical compliance with the requirements of such Rule, and the Securities can be resold only through a registered offering
or in reliance upon another exemption from the registration requirements of the Securities Act.

 

(viii)  
The Purchaser has such knowledge and experience in financial and business matters, knows of
the high degree of risk associated with investments in the securities of companies in the development stage such as the Company,
is capable of evaluating the merits and risks of an investment in the Securities and is able to bear the economic risk of an investment
in the Securities in the amount contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing
for its current financial needs and contingencies and will have no current or anticipated future needs for liquidity which would
be jeopardized by the investment in the Securities. The Purchaser can afford a complete loss of its investments in the Securities.

 

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Section 4.  
Conditions of the Purchaser’s Obligations. The obligations of the Purchaser to
purchase and pay for the Sponsor Warrants are subject to the fulfillment, on or before each Closing Date, of each of the following
conditions:

 

(a)  
Representations and Warranties. The representations and warranties of the Company contained
in ‎Section 2 shall be true and correct at and as of such Closing Date as though then made.

 

(b)  
Performance. The Company shall have performed and complied with all agreements, obligations
and conditions contained in this Agreement that are required to be performed or complied with by it on or before such Closing Date.

 

(c)  
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling
or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent
jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation
of any of the transactions contemplated by this Agreement or the Warrant Agreement.

 

(d)  
Warrant Agreement. The Company shall have entered into a Warrant Agreement with a warrant
agent on terms satisfactory to the Purchaser.

 

Section 5.  
Conditions of the Company’s Obligations. The obligations of the Company to the
Purchaser under this Agreement are subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

 

(a)  
Representations and Warranties. The representations and warranties of the Purchaser
contained in ‎Section 3 shall be true and correct at and as of such Closing Date as though then made.

 

(b)  
Performance. The Purchaser shall have performed and complied with all agreements, obligations
and conditions contained in this Agreement that are required to be performed or complied with by the Purchaser on or before such
Closing Date.

 

(c)  
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling
or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent
jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation
of any of the transactions contemplated by this Agreement or the Warrant Agreement.

 

(d)  
Warrant Agreement. The Company shall have entered into a Warrant Agreement with a warrant
agent on terms satisfactory to the Company.

 

Section 6.  
Termination. This Agreement may be terminated at any time after June 30, 2021 upon
the election by either the Company or the Purchaser upon written notice to the other party if the closing of the Public Offering
does not occur prior to such date.

 

    6

     

    

Section 7.  
Survival of Representations and Warranties. All of the representations and warranties
contained herein shall survive each Closing Date.

 

Section 8.  
Definitions. Terms used but not otherwise defined in this Agreement shall have the
meaning assigned to such terms in the registration statement on Form S-1 the Company has filed with the SEC, under the Securities
Act.

 

Section 9.  
Miscellaneous.

 

(a)  
Successors and Assigns. Except as otherwise expressly provided herein, all covenants
and agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of
the respective successors of the parties hereto whether so expressed or not. Notwithstanding the foregoing or anything to the contrary
herein, the parties may not assign this Agreement, other than assignments by the Purchaser to affiliates thereof.

 

(b)  
Severability. Whenever possible, each provision of this Agreement shall be interpreted
in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited
by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of this Agreement.

 

(c)  
Counterparts. This Agreement may be executed simultaneously in two or more counterparts,
none of which need contain the signatures of more than one party, but all such counterparts taken together shall constitute one
and the same agreement.

 

(d)  
Descriptive Headings; Interpretation. The descriptive headings of this Agreement
are inserted for convenience only and do not constitute a substantive part of this Agreement. The use of the word “including”
in this Agreement shall be by way of example rather than by limitation.

 

(e)  
Governing Law. This Agreement shall be deemed to be a contract made under the laws
of the State of New York and for all purposes shall be construed in accordance with the internal laws of the State of New York.

 

(f)   
Amendments. This Agreement may not be amended, modified or waived as to any particular
provision, except by a written instrument executed by all parties hereto.

 

[Signature Page Follows] 

 

    7

     

    

IN WITNESS WHEREOF, the parties hereto
have executed this Agreement to be effective as of the date first set forth above.

 

	 	COMPANY: 

	 	 
	 	TUATARA CAPITAL ACQUISITION CORPORATION
	 	 
	 	By:	/s/ Albert Foreman
	 	 	Name:	Albert Foreman
	 	 	Title:	Chief Executive Officer

 

	 	PURCHASER:
	 	 
	 	TCAC SPONSOR, LLC
	 	 
	 	By:	/s/ Albert Foreman
	 	 	Name:	Albert Foreman
	 	 	Title:	Manager

 

 

[Signature Page - Sponsor Warrants Purchase
Agreement]

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