Document:

Exhibit 10.4

 

PRIVATE PLACEMENT WARRANT PURCHASE AGREEMENT

 

THIS PRIVATE PLACEMENT WARRANTS
PURCHASE AGREEMENT, dated as of September 27, 2021 (as it may from time to time be amended, this "Agreement"), is entered
into by and between Parabellum Acquisition Corp., a Delaware corporation (the "Company") and Parabellum Acquisition Partners
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 share of Class
A common stock of the Company, par value $0.0001 per share (each, a "Share"), and three-quarters of one redeemable warrant;

 

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

 

The Purchaser has agreed to
purchase an aggregate of 6,225,000 warrants (or up to 6,600,000 warrants to the extent the underwriters' over-allotment option is exercised)
(the "Private Placement Warrants"), each Private Placement Warrant entitling the holder to purchase one Share at an exercise
price of $11.50 per 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 Private
Placement Warrants.

 

A.    Authorization
of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement Warrants to the
Purchaser.

 

B.     Purchase and Sale
of the Private Placement Warrants.

 

(i)            Simultaneously
with 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, an aggregate of 6,225,000 Private Placement Warrants at a price of $1.00 per warrant for an aggregate purchase price of $6,225,000
(the "Purchase Price"). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the
trust account (the "Trust Account") maintained by Continental Stock Transfer & Trust Company, acting as trustee ("Continental"),
at least one (1) business day prior to the date of effectiveness (the "Effective Date") of the registration statement
relating to the Public Offering (the "Registration Statement"). On the Initial Closing Date, upon the payment by the
Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants purchased
on such date duly registered in the Purchaser's name to the Purchaser or effect such delivery in book-entry form.

 

(ii)           In
the event that the underwriters' over-allotment option is exercised in full or in part, the Purchaser shall purchase up to an additional
375,000 Private Placement Warrants (the "Additional Private Placement Warrants"), in the same proportion as the amount
of the option that is so exercised, and simultaneously with such purchase of Additional Private Placement Warrants, as payment in full
for the Additional Private Placement Warrants being purchased hereunder, and at least one (1) business day prior to the closing of such
portion of the underwriters' over-allotment option, Purchaser shall pay $1.00 per Additional Private Placement Warrant, up to an aggregate
amount of $375,000, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company,
to the Trust Account. The closing of the purchase and sale of the Additional Private Placement Warrants, if applicable, shall take place
simultaneously with the closing of all or any portion of the underwriters' over-allotment option (such closing date, together with the
Initial Closing Date, the "Closing Dates" and each, a "Closing Date"). The closing of the purchase
and sale of the Additional Private Placement Warrants, if applicable, shall take place at the offices of DLA Piper LLP, counsel for the
Company, or such other place as may be agreed upon by the parties hereto.

 

     

     

    

 

C.     Terms of the Private
Placement Warrants.

 

(i)            Each
Private Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and Continental in connection
with the Public Offering (the "Warrant Agreement"). Such terms include the fact that the Private Placement Warrants shall
not be transferable, assignable or salable until 30 days after the completion of an initial business combination, subject to certain exceptions
set forth in the Warrant Agreement.

 

(ii)           On
or prior to the Effective Date, the Company and the Purchaser shall enter into a registration and shareholder rights agreement (the "Registration
and Shareholder Rights Agreement") pursuant to which the Company will grant certain registration rights to the Purchaser relating
to the Private Placement Warrants and the Shares underlying the Private Placement Warrants.

 

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

 

A.  Incorporation
and Corporate Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State
of Delaware 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.

 

		B.	Authorization; No Breach. 

 

(iii)         The
execution, delivery and performance of this Agreement and the Private Placement Warrants have been duly authorized by the Company as
of the applicable 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 Private Placement Warrants will constitute valid and binding obligations of the Company, enforceable in accordance
with their terms.

 

(i)            The
execution and delivery by the Company of this Agreement and the Private Placement Warrants, the issuance and sale of the Private Placement
Warrants, the issuance of the Shares upon exercise of the Private Placement Warrants and the fulfillment, of and compliance with, the
respective terms hereof and thereof by the Company, do not and will not as of the applicable 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 certificate of incorporation 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, the terms hereof, the Warrant Agreement, the Shares
issuable upon exercise of the Private Placement Warrants will be duly and validly issued as fully paid and nonassessable. On the
date of issuance of the Private Placement Warrants, the Shares issuable upon exercise of the Private Placement Warrants shall have
been reserved for issuance. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement,
the Purchaser will have good title to the Private Placement Warrants and the Shares issuable upon exercise of such Private Placement
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. Valid Issuance.
The total number of shares of all classes of capital stock which the Company is authorized to issue is 111,000,000 shares, consisting
of (a) 110,000,000 shares of common stock, par value $0.0001 per share (the “Common Stock”), including (i) 100,000,000 shares
of Class A Common Stock (the “Class A Common Stock”) and (ii) 10,000,000 shares of Class B Common Stock (the “Class
B Common Stock”), and (b) 1,000,000 shares of preferred stock, par value $0.0001 per share (the “Preferred Stock”).
As of the date hereof, the Company has issued and outstanding no shares of Class A Common Stock, 3,593,750 shares of Class B Common Stock
(of which up to 468,750 shares are subject to forfeiture as described in the Registration Statement) and no shares of Preferred Stock.
All of the issued shares of capital stock of the Company have been duly authorized, validly issued, and are fully paid and non-assessable

 

E.   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.

 

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 Private Placement Warrants
to the Purchaser, the Purchaser hereby represents and warrants to the Company (which representations and warranties shall survive the
applicable 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 the applicable 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 Private Placement Warrants and, upon exercise of the Private Placement Warrants, the 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 did not enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule
502(c) under the Securities Act.

 

     

     

    

 

(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) subsequently registered thereunder 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. The Private Placement Warrants will bear a legend and
appropriate "stop transfer" instructions (or an appropriate notation if the warrants are issued in book entry form)
relating to the foregoing. The Purchaser further 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 an initial
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 until the one-year anniversary following consummation of an initial business combination despite
technical compliance with the requirements of such Rule.

 

(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 investment in the Securities.

 

Section 4. Conditions of the Purchaser's Obligations.
The obligations of the Purchaser to purchase and pay for the Private Placement Warrants are subject to the fulfillment, on or before
the applicable 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 the
applicable 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 the applicable 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 the Warrant Agreement.

 

     

     

    

 

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 the applicable 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
the applicable 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 the applicable 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 the Warrant Agreement.

 

Section 6. Termination. This Agreement
may be terminated at any time after December 31, 2021 upon the election by either the Company or the Purchaser solely as to itself upon
written notice to the other party if the initial closing of the Public Offering does not occur prior to such date.

 

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

 

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 without the prior
written consent of the other party hereto, 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, without regard to the conflicts of laws principles thereof.

 

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]

 

     

     

    

 

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

 

	 	COMPANY:
	 	 
	 	PARABELLUM ACQUISITION CORP., a Delaware corporation

 

		By:	/s/ Narbeh Derhacobian
	 	 	Name: Narbeh Derhacobian
	 	 	Title: Chief Executive Officer and President

 

	 	PURCHASER:
	 	 
	 	PARABELLUM ACQUISITION PARTNERS LLC., a Delaware
limited liability company

 

		By:	/s/ Narbeh Derhacobian
	 	 	Name: Narbeh Derhacobian
	 	 	Title: Manager

 

		By:	/s/ Daniel Wolfe
	 	 	Name: Daniel Wolfe
	 	 	Title: Manager

 

[Signature Page to Sponsor Warrant Purchase Agreement]Exhibit 10.5

 

PARABELLUM ACQUISITION
CORP.

3811 Turtle Creek Blvd, Suite 2125, Dallas, TX 75219

 

September 27, 2021

 

Parabellum Acquisition Partners, LLC

3811 Turtle Creek Blvd, Suite 2125

Dallas, TX 75219

 

Re: Administrative Support Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and
between Parabellum Acquisition Corp. (the "Company") and Parabellum Acquisition Partners, LLC (the "Sponsor"), dated
as of the date hereof, will confirm our agreement that, commencing on the date the Registration Statement on Form S-1 and prospectus
filed with the U.S. Securities and Exchange Commission (File No. 333-254763) (the "Registration Statement") is declared
effective (the "Effective Date") and continuing until the earlier of the consummation by the Company of an initial business
combination or the Company's liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred
to as the "Termination Date"):

 

(i)             The
Sponsor shall make available, or cause to be made available, to the Company, at 3811 Turtle Creek Blvd, Suite 2125, Dallas, TX 75219
(or any successor location of the Sponsor), certain office space, utilities and administrative support as may be reasonably required by
the Company. In exchange therefor, the Company shall pay the Sponsor the sum of $15,000 per month beginning on the Effective Date and
continuing monthly thereafter until the Termination Date; and

 

(ii)            The
Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising
out of, this letter agreement (each, a "Claim") in or to, and any and all right to seek payment of any amounts due to it out
of the trust account established for the benefit of the public stockholders of the Company and into which substantially all of the proceeds
of the Company's initial public offering will be deposited (the "Trust Account") as a result of, or arising out of, this letter
agreement, and hereby irrevocably waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely
affect the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment
or satisfaction of any Claim against the Trust Account or any monies or other assets in 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.

 

No party hereto may assign
either this letter agreement or any of its rights, interests, or 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 letter agreement constitutes
the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law
or equity) 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.

 

[Signature Page Follows]

 

 

     

     

    

 

 

		Very truly yours,
	 	 	 
	 	PARABELLUM ACQUISITION CORP.
	 	 	 
	 	By:	/s/ Narbeh Derhacobian
	 	 	Name: Narbeh Derhacobian
	 	 	Title: Chief Executive Officer

 

	AGREED TO AND ACCEPTED BY:	 
	PARABELLUM ACQUISITION PARTNERS, LLC	 
	 	 	 
	 	 	 
	By:	/s/ Narbeh Derhacobian	 
	 	Name: Narbeh Derhacobian	 
	 	Title: Manager	 
	 	 	 
	 	 	 
	By:	/s/ Daniel Wolfe	 
	 	Name: Daniel Wolfe	 
	 	Title: Manager	 

 

[Signature
Page to Administrative Services Agreement]

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