Document:

Exhibit 10.4

 

SPONSOR LETTER AGREEMENT

 

This SPONSOR LETTER AGREEMENT
(this “Agreement”) is entered into as of October 29, 2022, by and among WHC Worldwide, LLC, a Missouri limited liability
company (the “Company”), Spree Acquisition Corp. 1 Limited, a Cayman Islands exempted company (“Spree”),
Spree Operandi LP, a Cayman Islands exempted limited partnership and its wholly-owned subsidiary, Spree Operandi U.S. LP, a Delaware limited
partnership (the “Spree Sponsor”), each of Messrs. Eran (Rani) Plaut, Nir Sasson, Shay Kronfeld, Joachim Drees, Steven
Greenfield, David Riemenschneider and Philipp von Hagen (collectively, the “Insiders”) and, solely for purposes of
amending the Sponsor Letter (as defined below), each of Steven Greenfield and Shay Kronfeld (collectively, the “Officers”).
Each of the Company, Spree, the Spree Sponsor and each of the Insiders are sometimes referred to herein individually as a “Party”
and collectively as the “Parties.” Each of the Spree Sponsor and each of the Insiders are sometimes referred to herein
individually as a “Shareholder.” Except as otherwise specified herein, capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to them in the Business Combination Agreement (as defined below).

 

WHEREAS, concurrently with
the execution of this Agreement, Spree and the Company entered into that certain Business Combination Agreement (as amended, supplemented
or otherwise modified from time to time in accordance with its terms, the “Business Combination Agreement”);

 

WHEREAS, the Business Combination
Agreement contemplates that, on the terms and subject to the conditions therein, on the Closing Date, Spree will acquire certain equity
interests and equity-linked securities of the Company, with Spree becoming the sole managing member of the Company (collectively, and
together with the other transactions contemplated by the Business Combination Agreement and the Ancillary Documents, the “Transactions”);

 

WHEREAS, reference is hereby
made to the following Contracts (collectively, the “Affected Agreements”):

 

(A) that
certain Letter Agreement dated December 15, 2021 and delivered by the Spree Sponsor, and the Insiders to Spree (the “Sponsor
Letter”);

 

(B) that
certain Warrant Agreement dated December 15, 2021 between Spree and Continental Stock Transfer & Trust Company, a New York corporation,
as warrant agent (the “Warrant Agent” and, such agreement, the “Warrant Agreement”); and

 

(C) that
certain Registration Rights Agreement dated December 15, 2021 by and among Spree, the Spree Sponsor and certain other equityholders named
therein;

 

WHEREAS, as of the date hereof,
each Shareholder, in its respective capacity as such, is the holder of record and the “beneficial owner” (within the meaning
of Rule 13d-3 under the Exchange Act) of the number of (i) Pre-Closing Spree Class A Shares, (ii) private placement warrants (the “Warrants”)
to purchase an aggregate number of Pre-Closing Spree Class A Shares and/or (iii) Pre-Closing Spree Class B Shares, in each case, set forth
on Exhibit A attached hereto opposite such person’s name on such Exhibit (collectively, with respect to each Shareholder,
the “Subject Securities”);

 

     

     

    

 

WHEREAS, as part of the Transactions,
each of the Pre-Closing Spree Class B Shares will be converted into one Pre-Closing Spree Class A Share and, subsequently, into one Post-Closing
Spree Class A Share;

 

WHEREAS, in connection with
the Transactions, at the Closing, the Investor Rights Agreement, entered into on October [●], 2022, by and among Spree, the Company,
each of the Shareholders and certain other parties set forth therein, will become effective;

 

WHEREAS, in consideration
for the benefits to be received by the Spree Sponsor and each of the Insiders under the terms of the Business Combination Agreement and
as a material inducement to the Company and Spree agreeing to enter into and consummate the transactions contemplated by the Business
Combination Agreement, the Spree Sponsor and each of the Insiders agrees to enter into this Agreement and to be bound by the applicable
agreements, covenants and obligations contained in this Agreement; and

 

WHEREAS, the Parties acknowledge
and agree that the Company and Spree would not have entered into and agreed to consummate the transactions contemplated by the Business
Combination Agreement without each of the Shareholders entering into this Agreement and agreeing to be bound by the applicable agreements,
covenants and obligations contained in this Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the premises and the mutual promises set forth herein and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties and, solely for purposes of amending the Sponsor Letter, the Officers, each intending to be
legally bound, hereby agree as follows:

 

1. Sponsor
Letter. The Company, Spree, the Spree Sponsor, each Insider and each Officer hereby agree as follows:

 

(a) The
Sponsor Letter provides in Section 1 thereof for certain requirements of the Spree Sponsor, and the Insiders in respect of a Business
Combination (in each case, as defined therein), including in respect of voting all Founder Shares and Private Placement Shares (in each
case, as defined therein) beneficially owned by the Spree Sponsor and by the Insiders (the “Shares”), as applicable,
in favor of such Business Combination and forgoing redemption rights in respect thereof. The Transactions constitute a Business Combination
for purposes of the Sponsor Letter and the Spree Sponsor, and each Insider will comply with its, his or her respective obligations under
Section 1 of the Sponsor Letter. In furtherance of such obligations, and without limiting the prior sentence, each Shareholder agrees,
that prior to the Expiration Date (as defined below), at any meeting of Spree’s shareholders or any adjournment or postponement
thereof, or in connection with any written consent of Spree’s shareholders, with respect to the Transactions, such Shareholder shall:

 

(i) not
form a group (as defined in Rule 13(d)(3) under the Exchange Act) to vote against any directors nominated by the Company (or the Pre-Closing
Company Members);

 

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(ii) vote
(or cause to be voted) or deliver a written consent (or cause a written consent to be delivered), in such person’s capacity as a
shareholder, covering all of the Shares that such Shareholder shall be entitled to so vote: (A) in favor of adoption and approval of the
Business Combination Agreement, the Transactions and any other proposals recommended by Spree’s board of directors in connection
with the Transaction as to which shareholders of Spree are called upon to vote or consent to; (B) against any action or agreement that
would reasonably be expected to result in a breach in any material respect of any covenant, representation or warranty or any other obligation
or agreement of Spree or its Affiliates under the Business Combination Agreement or that would reasonably be expected to result in any
of the conditions to Spree’s or any of its Affiliates’ obligations under the Business Combination Agreement not being fulfilled;
(C) against any Spree Acquisition Proposal, or any agreement, transaction or other matter that is intended to, or would reasonably be
expected to, impede, interfere with, delay, postpone, discourage or materially and adversely affect the consummation of the Transactions
and (D) in favor of the directors nominated or designated by the Company (or the Pre-Closing Company Members);

 

(iii) attend
such meeting or otherwise cause all Shares to be counted as present thereat for purposes of calculating a quorum;

 

(iv) waive
any applicable adjustment to the conversion ratio set forth in the Governing Documents of Spree or any other applicable anti-dilution
or similar protections with respect to the Pre-Closing Spree Class B Shares held by it (whether resulting from the transactions contemplated
by the PIPE Subscription Agreements or otherwise such that the Pre-Closing Spree Class B Shares will convert into Post-Closing Spree Class
A Shares on a 1:1 basis) in order to effect the Spree Share Conversion upon Closing; and

 

(v) at
the option of the Company, Spree Sponsor and each Insider as applicable shall cancel any Pre-Closing Spree Warrants held by it in a manner
proportionate to the extent of any Spree Shareholder Redemptions from the Trust Account that cause the aggregate cash proceeds from the
Trust Account to be less than $50 million.

 

The Shareholders shall
not take or commit or agree to take any action inconsistent with the foregoing.

 

(b) The
Sponsor and each Insider hereby further waives any redemption rights with respect to its Shares it, he or she may have in connection with
the consummation of the transactions to be consummated by the Business Combination Agreement, including, without limitation, any such
rights available in the context of a shareholder vote to approve the Business Combination Agreement or in the context of a tender offer
made by the Company to purchase Pre-Closing Class A Shares.

 

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(c) Section
6 of the Sponsor Letter is hereby amended and restated to provide in its entirety as follows:

 

“[Reserved].”

 

For the avoidance
of doubt, if the Business Combination Agreement is terminated in accordance with its terms, then this clause (b) (and the amendment and
restatement contemplated by this clause (b)) shall be of no further force and effect and Section 6 of the Sponsor Letter shall be reinstated
and effective from and after such time.

 

(d) As
used herein, “Expiration Date” means the earliest to occur of (i) the Closing, (ii) such date and time as the Business
Combination Agreement shall be terminated in accordance with its terms, and (iii) upon the mutual written agreement of the Parties.

 

2. Anti-Dilution
Adjustment Waiver. Subject to, and conditioned upon the occurrence of and effective as of immediately prior to the Closing, the
Spree Sponsor, which is the holder of at least a majority of the outstanding Pre-Closing Spree Class B Shares as of the date hereof,
hereby waives on behalf of the holders of all Pre-Closing Spree Class B Shares, pursuant to and in compliance with Spree’s
Governing Documents, any adjustment to the conversion ratio set forth therein, and any rights to other anti-dilution protections
with respect to the Pre-Closing Spree Class B Shares, that may result from the PIPE Financing and/or the consummation of the
Transactions.

 

3. Spree
Expenses. No later than three Business Days prior to the Closing, Spree shall deliver to the Company a reasonably detailed
calculation of the Spree Expenses, along with reasonably detailed supporting documentation. To the extent such Unpaid Spree Expenses
exceeds the difference between $25,000,000 and the Unpaid Company Expenses that are specified in Schedule I of the Business
Combination Agreement and attributable to the Company (such excess Spree Expenses, the “Excess Spree Expenses”),
the Spree Sponsor shall pay or cause to be paid to the Company such Excess Spree Expenses either, at its option (a) in cash by wire
transfer of immediately available funds, pursuant to written wire instructions provided by the Company no later than two Business
Days prior to the Closing, (b) by surrendering Shares beneficially owned by the Spree Sponsor to Spree for cancellation (with each
Share valued at $10.00 per share for such purposes) or (c) by a combination of cash or surrendered Shares as provided in clauses (a)
and (b).

 

4. Other Covenants
and Agreements.

 

(a) Each
Shareholder hereby agrees to be bound by and subject to (i) Sections 5.3(a) (Confidentiality and Access to Information) and 5.4 (Public
Announcements) of the Business Combination Agreement to the same extent as such provisions apply to the parties thereto, as if such Shareholder
is directly a party thereto, and (ii) Section 5.7 (Spree Exclusive Dealing) of the Business Combination Agreement to the same extent as
such provisions apply to Spree, as if such Shareholder is directly party thereto.

 

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(b) If
applicable, prior to the Closing, each Shareholder hereby agrees to as promptly as practicable execute and deliver all additional agreements,
documents or instruments, take, or cause to be taken, all actions and provide, or cause to be provided, all additional information or
other materials as may be necessary or reasonably advisable, in each case, as mutually reasonably determined and agreed to by Spree and
the Company (such determination and agreement not to be unreasonably withheld, conditioned or delayed by either Spree or the Company),
in connection with, or otherwise in furtherance of, the transactions and the other covenants and agreements contemplated by the Business
Combination Agreement or this Agreement (provided, however, that in no event shall any Shareholder be obligated to take, approve or consent
to any action that would result in any adverse economic or other material change to the Business Combination Agreement, this Agreement
or any other Ancillary Document to which he, she or it is or will be a party). If applicable, from and after the Closing, the Spree Sponsor
and the Company each hereby agrees to as promptly as practicable execute and deliver execute and deliver all additional agreements, documents
or instruments, take, or cause to be taken, all actions and provide, or cause to be provided, all additional information or other materials
as may be reasonably necessary to effectuate the purpose of the covenants and agreements of this Agreement that survive the Closing. Notwithstanding
the foregoing, no Shareholder or the Company shall be required to provide any information that is, based on the advice of outside counsel,
subject to legal privilege.

 

(c) Each
Shareholder acknowledges and agrees that Spree and the Company are entering into the Business Combination Agreement in reliance upon such
Shareholder entering into this Agreement and agreeing to be bound by, and perform, or otherwise comply with, as applicable, the applicable
agreements, covenants and obligations contained in this Agreement and, but for each Shareholder entering into this Agreement and agreeing
to be bound by, and perform, or otherwise comply with, as applicable, the applicable agreements, covenants and obligations contained in
this Agreement, Spree and the Company would not have entered into or agreed to consummate the transactions contemplated by the Business
Combination Agreement.

 

5. Shareholder
Representations and Warranties. Each Shareholder represents and warrants, as of the date hereof, solely with respect to himself,
herself or itself, and not on behalf of any other Shareholder, to the Company and Spree as follows:

 

(a) The
Shareholder (if not an individual) is a corporation, company, limited liability company or other applicable business entity duly organized,
incorporated or formed, as applicable, validly existing and in good standing (or the equivalent thereof, if applicable, in each case,
with respect to the jurisdictions that recognize the concept of good standing or any equivalent thereof) under the Laws of its jurisdiction
of formation, incorporated or organization (as applicable).

 

(b) The
Shareholder (if not an individual) has the requisite corporate, limited liability company or other similar power and authority and, if
the Shareholder is an individual, legal capacity to execute and deliver this Agreement, to perform his, her or its covenants, agreements
and obligations hereunder (including, for the avoidance of doubt, those covenants, agreements and obligations hereunder that relate to
the provisions of the Business Combination Agreement), and to consummate the transactions contemplated hereby. The execution and delivery
of this Agreement has been duly authorized by all necessary corporate or other action on the part of the Shareholder. This Agreement has
been duly and validly executed and delivered by the Shareholder and constitutes a valid, legal and binding agreement of the Shareholder
(assuming that this Agreement is duly authorized, executed and delivered by the other parties hereto), enforceable against the Shareholder
in accordance with its terms (subject to applicable bankruptcy, insolvency, reorganization, moratorium or other Laws affecting generally
the enforcement of creditors’ rights and subject to general principles of equity).

 

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(c) No
consent, approval or authorization of, or designation, declaration or filing with, any Governmental Entity is required on the part of
the Shareholder with respect to the Shareholder’s execution, delivery or performance of his, her or its covenants, agreements or
obligations under this Agreement (including, for the avoidance of doubt, those covenants, agreements and obligations under this Agreement
that relate to the provisions of the Business Combination Agreement) or the consummation of the transactions contemplated hereby, except
for (i) any filings with the SEC related to his, her or its ownership of Equity Securities of Spree or the transactions contemplated by
the Business Combination Agreement, this Agreement or any other Ancillary Documents to which he, she or it is a party, or (ii) any other
consents, approvals, authorizations, designations, declarations, waivers or filings, the absence of which would not reasonably be expected
to adversely affect the ability of the Shareholder to perform, or otherwise comply with, any of his, her or its covenants, agreements
or obligations hereunder in any material respect.

 

(d) None
of the execution or delivery of this Agreement by the Shareholder, the performance by the Shareholder of any of his, her or its covenants,
agreements or obligations under this Agreement or the consummation of the transactions contemplated hereby will, directly or indirectly
(with or without due notice or lapse of time or both) (i) if the Shareholder is not an individual, result in any breach of any provision
of the Shareholder’s Governing Documents, (ii) result in a violation or breach of, or constitute a default or give rise to any right
of termination, Consent, cancellation, amendment, modification, suspension, revocation or acceleration under, any of the terms, conditions
or provisions of any Contract to which the Shareholder is a party, (iii) violate, or constitute a breach under, any Order or applicable
Law to which the Shareholder or any of his, her or its properties or assets are bound or (iv) other than the restrictions contemplated
by this Agreement, the Business Combination Agreement or any other Ancillary Document to which such Shareholder is or will be a party,
result in the creation of any Lien upon the Subject Securities (other than as expressly provided under this Agreement), except, in the
case of any of clauses (ii) and (iii) above, as would not reasonably be expected to adversely affect the ability of the
Shareholder to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations hereunder in any material
respect.

 

(e) The
Shareholder is, as of the date hereof, the record and beneficial owner of the Subject Securities as set forth on Exhibit A hereto.
The Shareholder has the sole right to vote (and provide consent in respect of, as applicable) the Subject Securities set forth on Exhibit
A hereto as of the date hereof. Except for this Agreement, the Business Combination Agreement, the other Ancillary Documents to which
he, she or it is or will be a party, the Affected Agreements and the Governing Documents of Spree, the Shareholder is not party to or
bound by (i) any option, warrant, purchase right or other Contract that would reasonably be expected (either alone or in connection with
one or more events, developments or events (including the satisfaction or waiver of any conditions precedent)) to require the Shareholder
to Transfer any of the Subject Securities or (ii) any voting trust, proxy or other Contract with respect to the voting or Transfer of
any of the Subject Securities, in the case of either clause (i) or (ii), that would reasonably be expected to adversely
affect the ability of the Shareholder to perform, or otherwise comply with, any of his, her or its covenants, agreements or obligations
hereunder in any material respect.

 

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(f) There
is no Proceeding pending or, to the Shareholder’s knowledge, threatened against or involving the Shareholder or any of his, her
or its Affiliates that, if adversely decided or resolved, would reasonably be expected to adversely affect the ability of the Shareholder
to perform, or otherwise comply with, any of its covenants, agreements or obligations under this Agreement in any material respect.

 

(g) The
Shareholder, on his, her or its own behalf and on behalf of his, her or its Representatives, acknowledges, represents, warrants and agrees
that he, she or it has conducted his, her or its own independent review and analysis of, and, based thereon, has formed an independent
judgment concerning, the business, assets, condition, operations and prospects of, the Company and the Transactions as he, she or it and
his, her or its Representatives have deemed necessary to enable him, her or it to make an informed decision with respect to the execution,
delivery and performance of this Agreement and the Transactions.

 

(h) In
entering into this Agreement, the Shareholder has relied solely on his, her or its own investigation and analysis and the representations
and warranties expressly set forth herein and no other representations or warranties of Spree, the Company or any other Person, either
express or implied, and the Shareholder, on his, her or its own behalf and on behalf of his, her or its Representatives, acknowledges,
represents, warrants and agrees that, except for the representations and warranties expressly set forth in this Agreement, none of Spree,
the Company or any other Person makes or has made any representation or warranty, either express or implied, to the Shareholder in connection
with or related to this Agreement, the Business Combination Agreement or the other Ancillary Documents or the transactions contemplated
hereby or thereby.

 

6. Company and Spree
Acknowledgement. In entering into this Agreement, the Business Combination Agreement and the other Ancillary Documents to which
it is or will be a party, neither of the Company nor Spree have relied on any representations or warranties of any Shareholder,
either express or implied, except for the representations and warranties of the Shareholders expressly set forth in this Agreement
or in such other Ancillary Documents to which such Shareholders is or will be a party and to which Spree or the Company, as
applicable, is or will be a party.

 

7. Transfer of
Subject Securities. From and after the date hereof and until the earlier of (a) the termination of this Agreement in accordance
with its terms and (b) the Closing, each Shareholder agrees not to (i) Transfer (as defined in the Sponsor Letter) any of the
Subject Securities, (ii) enter into (A) any option, warrant, purchase right, or other Contract that would reasonably be expected
(either alone or in connection with one or more events, developments or events (including the satisfaction or waiver of any
conditions precedent)) to require the Shareholder to Transfer the Subject Securities or (B) any voting trust, proxy or other
Contract with respect to the voting or Transfer of the Subject Securities, or (iii) take any actions in furtherance of any of the
matters described in the foregoing clauses (i) or (ii); provided, that, notwithstanding any other provision of
this Agreement to the contrary, each Shareholder shall be permitted to make transfers to its Affiliates and limited partners, or its
or their Affiliates, members or limited partners, so long as (x) prior to any such transfer, such Shareholder shall deliver a
written notice of such Transfer to the Company and, (y) as a condition to any such transfer, such permitted transferee shall execute
a joinder and acknowledgement reasonably satisfactory to the Company agreeing to be bound by and made a party to this Agreement;
provided, further, that, any such transfer shall not relieve, discharge or otherwise modify the obligations of such Shareholder
under this Agreement.

 

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8. Termination.
This Agreement shall automatically terminate, without any notice or other action by any Party or Officer, and be void ab
initio, upon the termination of the Business Combination Agreement in accordance with its terms. Upon termination of this
Agreement as provided in the immediately preceding sentence, none of the Parties or Officers shall have any further obligations or
Liabilities under, or with respect to, this Agreement. Notwithstanding the foregoing or anything to the contrary in this Agreement,
(a) the termination of this Agreement shall not affect any Liability on the part of any Party or Officer for a Willful Breach of any
covenant or agreement set forth in this Agreement prior to such termination or Fraud, (b) Section 4, this Section 8
and the representations and warranties set forth in Sections 5(g) and (h) shall each survive any termination of this
Agreement, and (c) Sections 9 through 17 shall survive any termination of this Agreement. For purposes of this
Agreement, (x) “Willful Breach” means a material breach of this Agreement that is a consequence of an act or a
failure to act by the breaching Party or Officer with the knowledge that the taking of such act or such failure to act would, or
would reasonably be expected to, constitute or result in a breach of this Agreement and (y) “Fraud” means an act
or omission by a Party, and requires: (i) a false or incorrect representation or warranty expressly made by such Party in this
Agreement, (ii) with actual knowledge (as opposed to constructive, imputed or implied knowledge) by the Party making such
representation or warranty that such representation or warranty expressly set forth in this Agreement is false or incorrect, (iii)
an intention to deceive another Party, to induce him, her or it to enter into this Agreement, (iv) another Party, in justifiable or
reasonable reliance upon such false or incorrect representation or warranty expressly set forth in this Agreement, entering into
this Agreement, and (v) another Party suffering damage by reason of such reliance. For the avoidance of doubt,
“Fraud” does not include any claim for equitable fraud, promissory fraud, unfair dealings fraud or any torts
(including a claim for fraud or alleged fraud) based on negligence or recklessness.

 

9. No Other
Capacity. Notwithstanding anything in this Agreement to the contrary, (a) no Shareholder makes any agreement or understanding
herein in any capacity other than in such Shareholder’s capacity as a record holder and beneficial owner of the Subject
Securities (i.e., if such Shareholder is an individual, not in such Shareholder’s capacity as a director, officer or employee
of Spree); and (b) nothing herein will be construed to limit or affect any action or inaction by (i) an Insider or (ii) in the case
of the Spree Sponsor, any representative of the Spree Sponsor serving as a member of the board of directors of Spree or as an
officer, employee or fiduciary of Spree, in each case, acting in such person’s capacity as a director, officer, employee or
fiduciary of Spree (which such actions shall be governed by the Business Combination Agreement or such other Ancillary Agreements
applicable to action or inaction taken in such capacity).

 

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10. Notices. All
notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to
have been duly given) by delivery in person, by e-mail (having obtained electronic delivery confirmation thereof (i.e., an
electronic record of the sender that the email was sent to the intended recipient thereof without an “error” or similar
message that such email was not received by such intended recipient)), or by registered or certified mail (postage prepaid, return
receipt requested) (upon receipt thereof) to the other Parties as follows:

 

(i) If
to Spree, to:

 

Spree Acquisition Corp. 1 Limited

1922 Wildwood PL NE

Atlanta GA, 30324, USA

Attn.: Chairman of the Board

Email: sg@spree1.com

 

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

 

Meitar Law Offices

16 Abba Hillel Rd.

Ramat Gan 5250608, Israel

Attn.: David Chertok

Email: dchertok@meitar.com

 

and

 

McDermott Will & Emery LLP

One Vanderbilt Ave.

New York, NY 10017

Attn: Mark Selinger

Email: mselinger@mwe.com

 

(ii) If
to the Company, to:

 

WHC Worldwide, LLC

1300 Lydia Ave.

Kansas City, MO, 64106

Attn.: Chief Executive Officer

Email: wmgeorge@ztrip.com

 

with copies (which shall not constitute
notice) to:

 

Stinson LLP

1201 Walnut Street, Suite 2900

Kansas City, MO 64106

Attn.: Jack Bowling & Stephen Quinlivan

Email: jack.bowling@stinson.com

stephen.quinlivan@stinson.com

 

(iii) if
to an Insider or an Officer, to the address on the Insider’s or Officer’s respective signature page hereto;

 

or to such other address as the party to whom
notice is given may have previously furnished to the others in writing in the manner set forth above.

 

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11. Entire
Agreement. This Agreement, the Business Combination Agreement and documents referred to herein and therein (including the
Ancillary Documents) constitute the entire agreement of the Parties and Officers with respect to the subject matter of this
Agreement, and supersede all prior agreements and undertakings, both written and oral, among the Parties and Officers with respect
to the subject matter of this Agreement, except as otherwise expressly provided in this Agreement. In the event and to the extent
that there shall be a conflict between the provisions of this Agreement and the provisions of any Affected Agreement, this Agreement
shall control with respect to the subject matter thereof.

 

12. Amendments and
Waivers; Assignment. Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in
writing and signed by the Shareholders, the Company and Spree. Notwithstanding the foregoing, no failure or delay by any Party or
Officer, as applicable, in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise
thereof preclude any other or further exercise of any other right hereunder. Neither this Agreement nor any of the rights, interests
or obligations hereunder shall be assignable by a Shareholder or the Company without Spree’s prior written consent (to be
withheld or given in its sole discretion) or by Spree or a Shareholder without the Company’s prior written consent (to be
withheld or given in its sole discretion). Any attempted assignment of this Agreement not in accordance with the terms of this Section
12 shall be null and void ab initio.

 

13. Fees and
Expenses. Except, in the case of Spree and the Company, as otherwise expressly set forth in the Business Combination Agreement,
and without limitation to Section 3, all fees and expenses incurred in connection with this Agreement and the transactions
contemplated hereby, including the fees and disbursements of counsel, financial advisors and accountants, shall be paid by the Party
incurring such fees or expenses; provided, that, any such reasonable and documented fees and expenses incurred by the Shareholders
in connection with this Agreement and the transactions contemplated hereby on or prior to the Closing shall be deemed to be fees and
expenses of Spree or the Spree Sponsor, as applicable.

 

14. No Third Party
Beneficiaries. This Agreement shall be for the sole benefit of the Parties and their respective successors and permitted assigns
and is not intended, nor shall be construed, to give any Person, other than the Parties and their respective successors and
permitted assigns, any legal or equitable right, benefit or remedy of any nature whatsoever by reason this Agreement. Nothing in
this Agreement, expressed or implied, is intended to, or shall be deemed to, create a joint venture.

 

15. Miscellaneous.
Sections 8.5 (Governing Law), 8.7 (Construction; Interpretation), 8.10 (Severability), 8.11 (Counterparts; Electronic Signatures),
8.15 (Waiver of Jury Trial), 8.16 (Submission to Jurisdiction) and 8.17 (Remedies) of the Business Combination Agreement are
incorporated herein by reference and shall apply to this Agreement, mutatis mutandis.

 

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16. No Ownership
Interest. Nothing contained in this Agreement will be deemed to vest in the Company, any Company Affiliated Party, or any Spree
Affiliated Party any direct or indirect ownership or incidents of ownership of or with respect to the Subject Securities. All
rights, ownership and economic benefits of and relating to the Subject Securities shall remain vested in and belong to each
Shareholder, and the Company and Spree (and each other Company Affiliated Party and Spree Affiliated Party) shall have no authority
to manage, direct, superintend, restrict, regulate, govern or administer any of the policies or operations of Company or exercise
any power or authority to direct any Shareholder in the voting of any of the Subject Securities, except as otherwise expressly
provided herein with respect to the Subject Securities. Except as otherwise set forth in Section 1, no Shareholder shall be
restricted from voting in favor of, against or abstaining with respect to any other matters presented to the stockholders of
Spree.

 

17. No Recourse.
Except for claims pursuant to the Business Combination Agreement or any Ancillary Document by any party(ies) thereto against any
other party(ies) on the terms and subject to the conditions therein, each Party agrees that (a) this Agreement may only be enforced
against, and any action for breach of this Agreement may only be made against, the Parties, and no claims of any nature whatsoever
arising under or relating to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby
shall be asserted against any Person that is not a Party, and (b) without limiting the generality of the foregoing, no Person that
is not a Party shall have any Liability arising out of or relating to this Agreement, the negotiation hereof or its subject matter,
or the transactions contemplated hereby, including with respect to any claim (whether in tort, contract or otherwise) for breach of
this Agreement or in respect of any written or oral representations made or alleged to be made in connection herewith, except as
expressly provided herein. Notwithstanding anything to the contrary in this Agreement, (i) in no event shall any Shareholder have
any obligations or Liabilities related to or arising out of the covenants, agreements, obligations, representations or warranties of
any other Shareholder under this Agreement (including related to or arising out of the breach of any such covenant, agreement,
obligation, representation or warranty by any other Shareholder), and (ii) in no event shall Spree have any obligations or
Liabilities related to or arising out of the covenants, agreements, obligations, representations or warrants of any Shareholder
under this Agreement (including related to or arising out of any breach of any such covenant, agreement, obligation, representation
or warranty by any such Shareholder).

 

18. Non-Survival.
The representations, warranties, agreements and covenants in this Agreement shall terminate at the Closing, except for those
covenants and agreements in this Agreement that, by their terms, expressly contemplate performance or survival after the Closing
(including, without limitation, Sections 1(b), 2, 3, 4(a), and 8 through and including 18)
which covenants and agreements shall so survive the Closing in accordance with their terms; provided that the foregoing shall
not limit any Party’s rights in the event of another Party’s Willful Breach of any agreement and covenant set forth in Section
8 prior to the Closing.

 

[Signature pages follow.]

 

    11

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	WHC WORLDWIDE, LLC
	 	 
	 	By:	/s/ William M. George
	 	Name: 	William M. George
	 	Title:	Chief Executive Officer

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	SPREE ACQUISITION CORP. 1 LIMITED
	 	 
	 	By:	/s/ Steven Greenfield
	 	Name: 	Steven Greenfield
	 	Title:	Chairman of the Board

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	OFFICERS
	 	 
	 	/s/ Steven Greenfield
	 	Name:	Steven Greenfield
	 	Address: 	 

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	OFFICERS
	 	 
	 	/s/ Shay Kronfeld
	 	Name:	Shay Kronfeld
	 	Address:	 

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 
	 	/s/ Eran (Rani) Plaut
	 	Name: 	Eran (Rani) Plaut
	 	Address: 	 

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 
	 	/s/ Nir Sasson
	 	Name: 	Nir Sasson
	 	Address: 	 

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 
	 	/s/ Shay Kronfeld
	 	Name: 	Shay Kronfeld
	 	Address: 	 

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 
	 	/s/ Joachim Drees
	 	Name: 	Joachim Drees
	 	Address: 	 

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 
	 	/s/ Steven Greenfield
	 	Name: 	Steven Greenfield
	 	Address: 	 

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 
	 	/s/ David Riemenscheider
	 	Name: 	David Riemenschneider
	 	Address: 	 

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Agreement as of the date first above written.

 

	 	INSIDERS
	 	 
	 	/s/ Phillip von Hagen
	 	Name: 	Philip von Hagen
	 	Address:  	 

 

     

     

    

 

EXHIBIT A

 

Subject Securities

 

	Shareholders	 	Pre-Closing 

Spree Class

 A Shares	 	 	Pre-Closing
 Spree Class B
 Shares	 	 	Pre-Closing
 Spree Warrants	 
	Spree Operandi, LP	 	 	945,715	 	 	 	5,000,000	 	 	 	472,858	 
	Total	 	 	945,715	 	 	 	5,000,000	 	 	 	472,858Exhibit 10.5

 

VOTING AGREEMENT

 

This Voting Agreement (this
“Agreement”) is made and entered into as of October 29, 2022, by and among Spree Acquisition Corp. 1
Limited, a Cayman Islands exempted company (the “Company”), Spree Operandi LP, a Cayman Islands exempted limited
partnership (“Spree Sponsor”), and William M. George, a holder of Class B Units of WHC Worldwide, LLC, a Missouri
limited liability company (the “WMG Holder”). Each of the WMG Holder, Spree Sponsor, and any of their respective
permitted assigns, are referred to herein as a “Stockholder”. Any capitalized term used but not defined herein
shall have the meaning ascribed to it in the Business Combination Agreement. This Agreement shall become effective at the Closing of the
Business Combination Agreement. Following the Closing, “Company” shall mean WHC Worldwide, Inc., a Delaware corporation.

 

WHEREAS, (i) pursuant
to the Business Combination Agreement, the WMG Holder is entitled to designate four (4) individuals, two of whom will be a Class I director
and two of whom will be a Class II director, to serve as members of the board of directors of the Company (the “Board”)
at the Effective Time (the “Initial WMG Holder Designees”) and (ii) from and after the Effective Time, the parties
hereto desire to provide the WMG Holder certain ongoing director nomination rights, in each case, on the terms and conditions set forth
herein; and

 

WHEREAS, (i) pursuant
to the Business Combination Agreement, Spree Sponsor is entitled to designate one (1) individual to serve as a Class III director of the
Board at the Effective Time (the “Initial Spree Sponsor Designee”) and (ii) from and after the Effective Time,
the parties hereto desire to provide Spree Sponsor certain ongoing director nomination rights, in each case, on the terms and conditions
set forth herein.

 

NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree as follows:

 

Section 1. Board of
Directors.

 

(a)   WMG
Holder Designees.

 

(i)   From
and after the Effective Time and until the WMG 15% Stockholder Termination Event shall have occurred, the WMG Holder shall have
the right to designate two (2) Designees to be appointed or nominated, as the case may be, as a Class I director of the Board and two
(2) Designees to be appointed or nominated, as the case may be, as Class II directors of the Board (or, if the Board does not contain
classes, four (4) individuals to be appointed or nominated, as the case may be, to the Board), in connection with any meeting of the stockholders
of the Company called (or written consent of the stockholders) with respect to the election of such Directors classes, and the Company
shall, as promptly as practicable, take all necessary and reasonably desirable actions within its control (including, without limitation,
nominating such Designees as a Director, calling special meetings of the Board and the stockholders of the Company and recommending, supporting
and soliciting proxies in favor of such Designees); and

 

     

     

    

 

(ii)   From
and after the time that a WMG 15% Stockholder Termination Event has occurred and until the WMG 5% Stockholder Termination Event shall
have occurred, the WMG Holder shall have the right to designate one (1) Designee to be appointed or nominated, as the case may be, as
a Class I director of the Board and one (1) Designee to be appointed or nominated, as the case may be, as a Class II director of the Board
(or, if the Board does not contain classes, two (2) WMG Holder Designees serving as a member of the Board), in connection with any meeting
of the stockholders of the Company called (or written consent of the stockholders) with respect to the election of Directors, and the
Company shall, as promptly as practicable, take all necessary and reasonably desirable actions within its control (including, without
limitation, nominating such Designee as a Director, calling special meetings of the Board and the stockholders of the Company and recommending,
supporting and soliciting proxies in favor of such Designee).

 

(iii)   If
(A) a vacancy on the Board occurs because of the death, disability, disqualification, resignation or removal of a WMG Holder Director
and (B) the WMG Holder shall have the right to designate such Director seat pursuant to this Agreement, then the WMG Holder shall be entitled
to designate a Designee to replace the WMG Holder Director that vacated the Board due to death, disability, disqualification, resignation
or removal, and the Company will, within ten (10) Business Days of such designation of such Designee, take all necessary and reasonably
desirable actions within its control such that such vacancy shall be filled with such replacement Designee. Notwithstanding anything to
the contrary, any Director position vacated by a WMG Holder Director because of such Director’s death, disability, disqualification,
resignation or removal shall not be filled pending any such designation and appointment by the WMG Holder unless the WMG Holder fails
to designate a Designee within thirty (30) days after receipt of written notice from the Company notifying them that such vacancy has
occurred, in which case after such thirty- (30-) day period, the Company may nominate or appoint a designee who may serve as a Director
only until the WMG Holder designates a Designee in accordance with the terms hereof (provided that the Company may, in its discretion,
fill such vacant Director seat and instead increase the size of the Board and appoint such Designee to fill the vacant Director resulting
from such increase in the size of the Board, with, if the Board has classes as of such time, such Designee being in the same class of
Directors that the WMG Holder would have been entitled to fill).

 

(b)   Spree
Sponsor Designee.

 

(i)   From
and after the Effective Time and until the Spree Stockholder Termination Event shall have occurred, Spree Sponsor shall have the right
to designate one (1) Designee to be appointed or nominated, as the case may be, as a Class III director of the Board (or, if the Board
does not contain classes, one (1) Spree Sponsor Designee to be appointed or nominated, as the case may be, to the Board), in connection
with any meeting of the stockholders of the Company called (or written consent of the stockholders) with respect to the election of such
Director class, and the Company shall, as promptly as practicable, take all necessary and reasonably desirable actions within its control
(including, without limitation, nominating such Designee as a Director, calling special meetings of the Board and the stockholders of
the Company and recommending, supporting and soliciting proxies in favor of such Designees).

 

    2 

     

    

 

(ii)   If
(i) a vacancy on the Board occurs because of the death, disability, disqualification, resignation or removal of the Spree Sponsor Director
and (ii) Spree Sponsor has the right to designate such Director seat pursuant to this Agreement, then Spree Sponsor shall be entitled
to designate a Designee to replace the Spree Sponsor Director that vacated the Board due to death, disability, disqualification, resignation
or removal, and the Company will, within ten (10) Business Days of such designation of such Designee, take all necessary and reasonably
desirable actions within its control such that such vacancy shall be filled with such replacement Designee. Notwithstanding anything to
the contrary, the Director position vacated by the Spree Sponsor Director because of such Director’s death, disability, disqualification,
resignation or removal, shall not be filled pending any such designation and appointment by Spree Sponsor unless Spree Sponsor fails to
designate a Designee within thirty (30) days after receipt of written notice from the Company notifying it that such vacancy has occurred,
in which case after such thirty- (30-) day period, the Company may nominate or appoint a designee who may serve as a Director only until,
subject to no Spree Stockholder Termination Event having occurred as of such time, Spree Sponsor designates a Designee in accordance with
the terms hereof (provided that the Company may, in its discretion, fill such vacant Director seat and instead increase the size of the
Board and appoint such Designee to fill the vacant Director resulting from such increase in the size of the Board, with, if the Board
has classes as of such time, such Designee being in the same class of Directors that he or she would have been entitled to fill).

 

(c)   If
a Designee is entitled to serve on the Board pursuant to Section 1(a) or Section 1(b), the Company shall take all necessary
and reasonably desirable actions within its control in connection with the nomination, appointment, election or re-election of such Designee,
as the case may be, to ensure that (i) the Designee is included in the Board’s slate of nominees to the stockholders of the Company
for the applicable election of Directors and (ii) the Designee is included in the proxy statement prepared by management of the
Company in connection with soliciting proxies for the applicable meeting of the stockholders of the Company called with respect to the
election of the applicable class of Directors, and at every adjournment or postponement thereof, and on every action or approval by written
consent of the stockholders of the Company with respect to the applicable election of the applicable class of Directors.

 

(d)   If
a Designee entitled to serve on the Board pursuant to Section 1(a) or Section 1(b) is not elected or appointed because of
such Designee’s death, disability, disqualification, withdrawal as a nominee for election to the Board or for any other reason (and
such Designee is not replaced as a Designee pursuant to the applicable terms of Section 1(a) or Section 1(b) above), (i)
the applicable Stockholder(s) shall, for so long as such Stockholder is entitled to appoint or nominate such Designee pursuant to Section
1(a) or Section 1(b), be entitled to promptly designate a replacement Designee, and (ii) the Company will, within ten (10)
Business Days of such designation, take all necessary and reasonably desirable actions within its control such that such replacement Designee
is elected or appointed as a Director of the Company. Notwithstanding anything to the contrary, the Director position for which such original
Designee was designated shall not be filled pending such designation and appointment or election, as applicable, unless the applicable
Stockholder(s) shall fail to designate such replacement Designee within thirty (30) days after receipt of written notice from the Company
notifying such Stockholder that such Designee was not elected, and after such thirty (30) day period, the Company may appoint or nominate,
as the case may be, a successor designee who may serve as a Director only, subject to no applicable Stockholder Termination Event having
occurred, until the applicable Stockholder(s) shall designate a replacement Designee in accordance with the terms hereof (provided that
the Company may, in its discretion, fill such vacant Director seat and instead increase the size of the Board and appoint such Designee
to fill the vacant Director resulting from such increase in the size of the Board, with, if the Board has classes as of such time, such
Designee being in the same class of Directors that he or she would have been entitled to fill).

 

    3 

     

    

 

(e)   In
accordance with the By-laws, the Company may from time to time by resolution establish and maintain one or more committees of the Board,
with each committee to consist of one (1) or more Directors. To the extent feasible, the Company shall notify Spree Sponsor and the WMG
Holder in writing of any new committee of the Board to be established at least fifteen (15) days prior to the effective establishment
of such committee. If requested by Spree Sponsor or the WMG Holder, the Company shall take all necessary steps to cause at least (1) Stockholder
Director as requested by Spree Sponsor and the remaining Stockholder Directors as requested by the WMG Holder to each be appointed as
a member of each such committee of the Board unless such designation would violate any legal restriction on such committee’s composition
or the rules and regulations of any applicable exchange on which the Company’s securities may be listed; provided, that the
foregoing sentence shall not apply, with respect to any Stockholder, to any special committee of the Board established specifically for
the purpose of evaluating a transaction or other corporate action involving such Stockholder or to the extent the appointment of such
individual to such committee would, as reasonably determined by the Company, result in any other conflict or potential conflict of interest.

 

(f)   From
and after the Effective Time, (i) until a WMG 5% Stockholder Termination Event occurs, the Company shall take all necessary and
reasonably desirable actions within its control to cause two (2) WMG Holder Directors as requested in writing by the WMG Holder to be
appointed as a member of the compensation committee, the audit committee or the nominating committee of the Board and (ii) until the Spree
Stockholder Termination Event occurs the Company shall take all necessary or reasonably desirable actions within its control to cause
one (1) Spree Sponsor Director as requested in writing by Spree Sponsor to be appointed as a member the compensation committee, the audit
committee or the nominating committee of the Board, unless in the case of any request made pursuant to clause (i) or (ii) above, such
designation would violate any legal restriction on such committee’s composition or the rules and regulations of NYSE or any other
any applicable exchange on which the Company’s securities may be listed.

 

(g)   The
Company shall pay all reasonable, documented and out-of-pocket expenses incurred by each Stockholder Director in connection with his or
her service as a Director or as a member of the board of directors (or other similar governing body) of any Subsidiary of the Company,
including, but not limited to, attending meetings or events attended on behalf of the Company at the Company’s request.

 

(h)   The
Company shall, for so long as any Designee serves as a Director, maintain directors’ and officers’ liability insurance in
an amount determined by the Board to be reasonable and customary; provided, that upon such Stockholder Director ceasing to serve
as a Director for any reason, the Company shall take all actions reasonably necessary to extend such directors’ and officers’
liability insurance coverage with respect to such Stockholder Director for a period of not less than six (6) years from the time at which
such director ceases to serve as a Director in respect of any act or omission of such Stockholder Director occurring at or prior to such
cessation of service.

 

    4 

     

    

 

(i)   For
so long as any Stockholder Director serves as a Director, the Company (i) shall provide such Stockholder Director with the same expense
reimbursement, benefits, indemnity, exculpation and other arrangements provided to the other Directors; provided, that any Stockholder
Director who is also an employee of the applicable Stockholder (or its Affiliates) may elect not to receive any standard director fees
paid by the Company to Directors, and (ii) shall not amend, alter or repeal any right to indemnification or exculpation covering or benefiting
any Stockholder Director as and to the extent consistent with applicable law, including, but not limited to, Article 9 of the Certificate
of Incorporation and Article VII of the By-laws (whether such right is contained in the Certificate of Incorporation, the By-laws or another
document), (except to the extent such amendment or alteration permits the Company to provide broader indemnification or exculpation rights
on a retroactive basis than permitted prior thereto).

 

(j)   Any
Designee will be subject to the Company’s customary due diligence process, including its review of a completed questionnaire and
a background check, consistent with the Company’s corporate governance policies as in effect at the applicable time. Based on the
foregoing and to the extent consistent with the Company’s corporate governance policies as in effect at the applicable time, the
Company may reasonably object to any Designee (i) provided it does so in good faith and (ii) solely to the extent such objection is based
upon any of the following: (1) such Designee was convicted in a criminal proceeding or is a named subject of a pending criminal proceeding
(excluding traffic violations and other minor offenses); (2) such Designee was the subject of any order, judgment, or decree not subsequently
reversed, suspended or vacated of any court of competent jurisdiction, permanently or temporarily enjoining such proposed director from,
or otherwise limiting, the following activities: (A) engaging in any type of business practice, or (B) engaging in any activity in connection
with the purchase or sale of any security or in connection with any violation of federal or state securities laws; (3) such Designee was
the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or state authority barring,
suspending or otherwise limiting for more than sixty (60) days the right of such person to engage in any activity described in clause
(2)(B), or to be associated with persons engaged in such activity; (4) such Designee was found by a court of competent jurisdiction in
a civil action or by the SEC to have violated any federal or state securities law, and the judgment in such civil action or finding by
the SEC has not been subsequently reversed, suspended or vacated; or (5) such Designee was the subject of, or a party to any federal or
state judicial or administrative order, judgment, decree or finding, not subsequently reversed, suspended or vacated, relating to a violation
of any federal or state securities laws or regulations. In the event the Board reasonably finds the Designee to be unsuitable based upon
one or more of the foregoing clauses (1) through (5) and reasonably objects to the identified director, the applicable Stockholder shall
be entitled to propose a different Designee to the Board within thirty (30) days of the Company’s notice to such Stockholder of
its objection to the Designee and such replacement Designee shall be subject to the review process outlined above.

 

Section 2. Voting Agreement.

 

(a) Spree
Sponsor shall vote (or execute written consents) all Voting Interests owned by Spree Sponsor or over which such Spree Sponsor has voting
control, and shall take all other necessary or desirable actions within its control to elect the Designees nominated by the WMG Holder
pursuant to Section 1(a) hereof.

 

    5 

     

    

 

(b)   The
WMG Holder shall vote (or execute written consents) all Voting Interests owned by the WMG Holder or over which the WMG Holder has voting
control, and shall take all other necessary or desirable actions within its control to elect the Designees nominated by the Spree Sponsor
pursuant to Section 1(b) hereof.

 

Section 3. CEO.
 Spree Sponsor shall vote (or execute written consents) all Voting Interests owned by Spree Sponsor or over which such Spree Sponsor
has voting control and shall cooperate to vote and recommend to stockholders that WMG Holder shall concurrently serve as Chief Executive
Officer of the Company and Chairman of the Board for so long as he is so employed (or until WMG Holder voluntarily withdraws his candidacy
to serve as Chairman of the Board).

 

Section 4. Definitions.

 

“Action”
means any action, suit, claim cause of action or proceeding, whether based on contract, tort or statute.

 

“Affiliate”
means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with such
Person.

 

“Agreement”
has the meaning set forth in the preamble.

 

“Beneficially
Own” has the meaning ascribed to it in Section 13(d) of the Securities Exchange Act of 1934, as amended.

 

“Board”
has the meaning set forth in the preamble.

 

“Business Combination
Agreement” means that certain Business Combination Agreement, dated as of October [●], 2022, by and among the Company
and WHC Worldwide, LLC, a Missouri limited liability company, as amended, amended and restated, supplemented or otherwise modified from
time to time.

 

“Business Day”
means any day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in New York, New York are authorized
to close for business.

 

“By-laws”
means the By-laws of the Company, as in effect at the Effective Time, as the same may be amended, amended and restated, supplemented or
otherwise modified from time to time.

 

“Certificate of
Incorporation” means the Certificate of Incorporation of the Company, as in effect immediately following the Effective Time,
as the same may be amended and restated, supplemented or otherwise modified from time to time.

 

“Class B Units”
has the meaning set forth in the WHC Operating Agreement.

 

“Company”
has the meaning set forth in the preamble.

 

    6 

     

    

 

“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person,
whether through the ownership of voting securities, by Contract or otherwise; and the terms “Controlled” and “Controlling”
have meanings correlative to the foregoing.

 

“Designee”
means an individual designated by a Stockholder for the purpose of nomination to the Board by the Company pursuant to the Business Combination
Agreement prior to the Effective Time or this Agreement at or after the Effective Time. For the avoidance of doubt, the Initial WMG Holder
Designees and the Initial Spree Sponsor Designees shall constitute Designees of the WMG Holder and Spree Sponsor, respectively, at the
Effective Time for all purposes under this Agreement.

 

“Director”
means any individual then serving as a member of the Board.

 

“Effective Time”
means the time immediately after the Closing of the Business Combination Agreement.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Initial WMG Holder
Designees” has the meaning set forth in the preamble.

 

“Initial Spree
Sponsor Designee” has the meaning set forth in the preamble.

 

“NYSE”
means the New York Stock Exchange.

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint
venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof.

 

“SEC”
means the Securities and Exchange Commission.

 

“Spree Sponsor”
has the meaning set forth in the preamble.

 

“Spree Sponsor
Designee” means a Designee of Spree Sponsor for the purpose of nomination to the Board.

 

“Spree Sponsor
Director” means a Designee of the Spree Sponsor that has been elected, appointed or is otherwise serving as a Director.

 

“Spree Stockholder
Termination Event” means the first time following the Effective Time at which Spree Sponsor and its Affiliates Beneficially
Own less than five percent (5%) of the total number of Voting Interests issued and outstanding.

 

“Stockholder”
has the meaning set forth in the preamble.

 

“Stockholder Director”
means a WMG Holder Director or the Spree Sponsor Director, as applicable.

 

    7 

     

    

 

“Stockholder Termination
Event” means the occurrence of any of the WMG 5% Stockholder Termination Event, the WMG 15% Stockholder Termination Event
or the Spree Stockholder Termination Event.

 

“Voting Interests”
means the Class A common stock, par value $0.0001 per share, and Class X common stock, par value $0.0001 per share, all considered together
as a single class.

 

“WHC Operating
Agreement” means the Second Amended and Restated Operating Agreement of WHC Worldwide, LLC, a Missouri limited liability
company to be entered into as of the Closing of the Business Combination Agreement.

 

“WMG 5% Stockholder
Termination Event” means the first time following the Effective Time at which the WMG Holder and their Affiliates Beneficially
Own less than five percent (5%) of the total number of Voting Interests issued and outstanding.

 

“WMG 15% Stockholder
Termination Event” means the first time following the Effective Time at which the WMG Holder and its Affiliates Beneficially
Own less than fifteen percent (15%) of the total number of Voting Interests issued and outstanding.

 

“WMG Holder”
has the meaning set forth in the preamble.

 

“WMG Holder Designee”
means a Designee of the WMG Holder for the purpose of nomination to the Board.

 

“WMG Holder Director”
means a Designee of the WMG Holder that has been elected, appointed or is otherwise serving as a Director.

 

Section 5. Assignment;
Binding Effect. This Agreement and the rights and obligations hereunder shall not be assignable or transferable by any of the parties
hereto, in whole or in part (including by operation of law), without the prior written consent of the other parties hereto; provided,
that each of the WMG Holder or Spree Sponsor may assign, in whole, but not in part, this Agreement without the prior written consent of
any other parties hereto to any of its Affiliates that Beneficially Own Voting Interests, so long as the applicable assignee executes
a joinder to this Agreement, in form and substance reasonably satisfactory to the Company, pursuant to which such assignee agrees to be
bound by the terms hereof as though such assignee were the WMG Holder or the Spree Sponsor, as the case may be. This Agreement and all
of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors
and assigns.

 

Section 6. Specific
Performance. Except as otherwise expressly provided herein, any and all remedies provided herein will be deemed cumulative with and
not exclusive of any other remedy conferred hereby, or by law or equity upon such party, and the exercise by a party of any one remedy
will not preclude the exercise of any other remedy. The parties hereto agree that irreparable damage for which monetary damages, even
if available, would not be an adequate remedy, would occur in the event that the parties hereto do not perform their respective obligations
under the provisions of this Agreement in accordance with their specific terms or otherwise breach such provisions. It is accordingly
agreed that the parties hereto shall be entitled to seek an injunction or injunctions, specific performance and other equitable relief
to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, in each case, without posting
a bond or undertaking and without proof of damages and this being in addition to any other remedy to which they are entitled at law or
in equity. Each of the parties hereto agrees that it will not oppose the granting of an injunction, specific performance and other equitable
relief when expressly available pursuant to the terms of this Agreement on the basis that the other parties hereto have an adequate remedy
at law or an award of specific performance is not an appropriate remedy for any reason at law or equity.

 

    8 

     

    

 

Section 7. Notices.
Any notice, requests, claims, demands and other communications hereunder shall be sent in writing and shall be deemed to have been duly
given by delivery in person, by email (having obtained electronic delivery confirmation thereof (i.e., an electronic record of the sender
that the email was sent to the intended recipient thereof without an “error” or similar message that such email was not received
by such intended recipient)), or by registered or certified mail (postage prepaid, return receipt requested) (upon receipt thereof) to
the other parties hereto as follows:

 

If to the Company, to:

 

WHC Worldwide, Inc.

1300 Lydia Ave.

Kansas City, MO, 64106

Attn.: Chief Executive Officer

Email: wmgeorge@ztrip.com

 

with copies (which shall not constitute
notice) to:

 

Stinson LLP

1201 Walnut Street, Suite 2900

Kansas City, MO 64106

Attn.: Jack Bowling & Stephen Quinlivan

Email: jack.bowling@stinson.com

stephen.quinlivan@stinson.com

 

If to the WMG Holder, to:

 

William M. George

1300 Lydia Ave.

Kansas City, MO, 64106

Email: wmgeorge@ztrip.com

 

If to Spree Sponsor, to:

 

94 Yigal Alon, Building B, 31st floor

Tel Aviv, 6789139, Israel

 

Attn: Shay Kronfeld

Email: sk@spree1.com

    

    9 

     

    

 

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

 

Meitar Law Offices

16 Abba Hillel Rd.

Ramat Gan 5250608, Israel

Attn.: David Chertok

Email: dchertok@meitar.com

    

Section 8. Adjustments.
If, and as often as, there are any changes in the Voting Interests by way of stock split, stock dividend, combination or reclassification,
or through merger, consolidation, reorganization or recapitalization, or by any other similar means, appropriate adjustment shall be made
in the provisions of this Agreement, as may be required, so that the rights, privileges, duties and obligations hereunder shall continue
with respect to the Voting Interests as so changed.

 

Section 9. No Presumption
Against Drafting Party. This Agreement has been negotiated at arm’s-length by parties of equal bargaining strength, each represented
by counsel in connection with this Agreement and the transactions contemplated hereby. This Agreement creates no fiduciary or other special
relationship between the parties hereto, and no such relationship otherwise exists. No presumption in favor of or against any party hereto
in the construction or interpretation of this Agreement or any provision hereof shall be made based upon which Person might have drafted
this Agreement or such provision.

 

Section 10. No Third-Party
Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of each party and its successors and permitted
assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any rights, benefits or
remedies of any nature whatsoever under or by reason of this Agreement; provided, that, each Stockholder Director shall be an express
third-party beneficiary of the provisions in Sections 1(g)–(i) and shall be entitled to enforce such provisions as though such Stockholder
Director was a party hereto.

 

Section 11. Execution
of Agreement. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all
of which shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement (including
any of the closing deliverables contemplated hereby) by email or scanned pages shall be effective as delivery of a manually executed counterpart
to this Agreement.

 

Section 12. Governing
Law.

 

(a)   This
Agreement, and all claims or causes of action (whether in contract, tort or statute) that may be based upon, arise out of or relate to
this Agreement or any of the transactions contemplated hereby, or the negotiation, execution or performance of this Agreement or any of
the transactions contemplated hereby (including any claim or cause of action based upon, arising out of related to any of the transactions
contemplated hereby or any of the transactions contemplated thereby or as inducement to enter into this Agreement), shall be construed
and enforced in accordance with and governed by the Laws (both substantive and procedural) of the State of Delaware, without giving effect
to the conflict of Laws principles thereof.

 

    10 

     

    

 

(b)   Each
of the parties hereto irrevocably and unconditionally submits to the exclusive jurisdiction of the Chancery Court of the State of Delaware
(or, if the Chancery Court of the State of Delaware declines to accept jurisdiction, any federal court within the State of Delaware, and
then, if such federal court declines to accept jurisdiction, any state or federal court within New York, New York), for the purposes of
any Action (a) arising under this Agreement or (b) in any way connected with or related or incidental to the dealings of the parties hereto
in respect of this Agreement or any of the transactions contemplated hereby, and irrevocably and unconditionally waives any objection
to the laying of venue of any such Action in any such court, and further irrevocably and unconditionally waives and agrees not to plead
or claim in any such court that any such Action has been brought in an inconvenient forum. Each party hereby irrevocably and unconditionally
waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any Action or cause thereof against
such party (x) arising under this Agreement or (y) in any way connected with or related or incidental to the dealings of the parties hereto
in respect of this Agreement or any of the transactions contemplated hereby, (i) any claim that such party is not personally subject
to the jurisdiction of the courts as described in this Section 12(a) for any reason, (ii) that such party or such party’s
property is exempt or immune from the jurisdiction of any such court or from any legal process commenced in such courts (whether through
service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (iii) that
(x) the Action or cause thereof in any such court is brought against such party in an inconvenient forum, (y) the venue of
such Action or cause thereof against such party is improper; or (z) this Agreement, or the subject matter hereof, may not be enforced
against such party in or by such courts. Each party agrees that service of any process, summons, notice or document by registered mail
to such party’s respective address set forth in Section 7 shall be effective service of process for any such Action,
demand, or cause thereof.

 

Section 13. Waiver of
Jury Trial. EACH OF THE PARTIES HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY PROCEEDING,
CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL
TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE, WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. THE PARTIES HERETO EACH HEREBY AGREES AND CONSENTS
THAT ANY SUCH PROCEEDING, CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES
HERETO MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO
TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE
THE FOREGOING WAIVER, (B) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH SUCH PARTY MAKES THIS
WAIVER VOLUNTARILY AND (D) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION 13.

 

    11 

     

    

 

Section 14. Entire Agreement.
This Agreement sets forth the entire agreement of the parties hereto with respect to the subject matter hereof and thereof and supersedes
all prior and contemporaneous understandings and agreements related thereto (whether written or oral), all of which are merged herein.

 

Section 15. Severability.
Whenever possible, each provision of this Agreement will be interpreted in such a manner as to be effective and valid under applicable
Law, but if any term or other provision of this Agreement is held to be invalid, illegal or unenforceable under applicable Law, all other
provisions of this Agreement shall remain in full force and effect so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision of this
Agreement is invalid, illegal or unenforceable under applicable Law, the parties hereto shall negotiate in good faith to modify this Agreement
so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner in order that the transactions
contemplated hereby are consummated as originally contemplated to the greatest extent possible.

 

Section 16. Amendment
and Waiver. Except as otherwise provided herein, no modification, amendment or waiver of any provision of this Agreement shall be
effective against a party, unless such modification is approved in writing by such party. Neither any failure or delay in exercising any
right or remedy hereunder or in requiring satisfaction of any condition herein nor any course of dealing shall constitute a waiver of
or prevent any party from enforcing any right or remedy or from requiring satisfaction of any condition. No notice to or demand on a party
waives or otherwise affects any obligation of that party or impairs any right of the party giving such notice or making such demand, including
any right to take any action without notice or demand not otherwise required by this Agreement.

 

Section 17. Termination.
Notwithstanding anything to the contrary contained herein, (a) following the occurrence of the WMG 5% Stockholder Termination Event,
this Agreement shall expire and automatically terminate solely with respect to the WMG Holder, (b) following the occurrence of the
Spree Stockholder Termination Event, this Agreement shall expire and automatically terminate solely with respect to Spree Sponsor and
(c) this Agreement shall expire and automatically terminate with respect to all parties hereto upon the consummation of a Change of Control
(as defined in the Tax Receivables Agreement) of the Company; provided, however, in any such case, Section 1(g)-(i),
this Section 17 and Sections 4-7, 9-16 (to the extent related to any of the foregoing) shall survive any termination
of this Agreement with respect to such terminated Stockholder or any termination of this Agreement in its entirety.

 

[SIGNATURE PAGES FOLLOW]

 

    12 

     

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement on the day and year first above written.

 

	 	Spree Acquisition Corp. 1 Limited
	 	 
	 	By: 	/s/ Steven Greenfield
	 	Name:  	Steven Greenfield
	 	Title:	Chairman of the Board
	 	 
	 	Spree Operandi LP
	 	 
	 	By: 	/s/ Shay Kronfeld
	 	Name: 	Shay Kronfeld
	 	Title: 	Director
	 	 
	 	/s/ William M. George 
	 	William M. George

                                             

 

 

13

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