Document:

Exhibit 10.7

 

DELPHI GROWTH CAPITAL CORP. 

9 West 57th Street, 43rd
Floor 

New York, NY 10019

 

[•], 2022

 

Delphi Growth Capital Sponsor, L.P.

9 West 57th Street, 43rd Floor

New York, NY 10019

 

Re: Administrative Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and between Delphi Growth Capital Corp., a
Delaware corporation (the “Company”), and Delphi Growth Capital Sponsor, L.P., a Cayman Islands exempted limited
partnership (the “Sponsor”), dated as of the date hereof, will confirm our agreement that, commencing on the
date that securities of the Company are first listed on the New York Stock Exchange in connection with the Company’s initial public
offering (the “Listing 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 Company’s Registration Statement on Form S-1
(File No. 333-[•]) filed with the Securities and Exchange Commission) (such earlier date hereinafter referred to as the “Termination
Date”):

 

		(i)	Sponsor shall make available, or cause to be made available, to the Company, at 9 West 57th Street, 43rd Floor,
New York, NY, 10019 (or any successor location of Sponsor), certain office space, utilities, secretarial support and administrative services
as may be reasonably requested by the Company. In exchange therefor, the Company shall pay to Sponsor the sum of $16,667 per month, for
up to 24 months, commencing on the Listing Date and continuing monthly thereafter until the Termination Date; and

 

		(ii)	Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind or nature 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”),
and hereby irrevocably waives any Claim it presently has or may have in the future as a result of, or arising out of, this letter agreement,
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.

 

    	 	1	 

     

    

 

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; provided that the Sponsor may assign
this letter agreement or any of its rights, interests or obligations hereunder to an affiliate without the prior written approval of the
Company. 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 with respect to the subject matter described herein and any litigation between the parties (whether grounded in contract, tort,
statute, law or equity) shall be governed by and 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.

 

This letter agreement may be executed in one or more counterparts,
each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same letter agreement.

 

[Signature page follows]

 

    	 	2	 

     

    

 

	 	Very truly yours,
	 	 
	 	DELPHI
    GROWTH CAPITAL CORP.

 

	 	By:	 
	 	 	Name: James Crossen

Title: Chief Financial Officer, Chief Accounting Officer and Secretary

 

 

AGREED TO AND ACCEPTED BY:

 

DELPHI GROWTH CAPITAL SPONSOR, L.P.

 

By: AP Caps II Holdings GP, LLC, its general partner

 

By: Apollo Principal Holdings III, L.P., its managing member

 

By: Apollo Principal Holdings III GP, Ltd., its general partner

 

	By:	 	 
	 	Name: James Elworth

Title: Vice President	 

 

[Signature Page to Administrative
Services Agreement]Exhibit 4.1

 

SPECIMEN UNIT CERTIFICATE

 

NUMBER UNITS U-

 

	SEE REVERSE FOR

CERTAIN

DEFINITIONS	Ledger Acquisition Company	 

 

CUSIP [##########]

 

UNITS
CONSISTING OF ONE CLASS A ORDINARY SHARE AND ONE-half OF ONE

 REDEEMABLE WARRANT TO PURCHASE ONE CLASS A ORDINARY SHARE

 

THIS CERTIFIES THAT #################
is the owner of ################# Units.

 

Each Unit (“Unit”) consists of one (1) Class A
ordinary share, par value $0.0001 per share (the “Ordinary Shares”), of Ledger Acquisition Company, a Cayman Islands exempted
company (the “Company”), and one-half (1/2) of one redeemable warrant (each whole warrant, a “Warrant”). Each
Warrant entitles the holder to purchase one (1) Ordinary Share for $11.50 per share (subject to adjustment). Each Warrant will become
exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, share exchange, asset acquisition,
share purchase, reorganization or other similar business combination with one or more businesses (each, a “Business Combination”),
and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before
5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business
Combination, or earlier upon redemption or liquidation (the “Expiration Date”). The Ordinary Shares and Warrants comprising
the Units represented by this certificate will begin separate trading on the 52nd day following
the date of the prospectus that is filed in connection with the offering of the Units (or, if such date is not a business day, the following
business day), unless CLSA Limited and Barclays Capital Inc. elect to allow earlier separate trading, subject to the
Company’s filing with the Securities and Exchange Commission of a Current Report on Form 8-K containing an audited balance
sheet reflecting the Company’s receipt of the gross proceeds of the initial public offering and issuing a press release announcing
when separate trading will begin. No fractional warrants will be issued upon separation of the Units and only Warrants are exercisable.
The terms of the Warrants are governed by a Warrant Agreement, dated as of ##########, 2021 (the
 “Warrant Agreement”), between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are
subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by
acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York,
New York 10004, and are available to any Warrant holder on written request and without cost.

 

Upon the consummation of the Business Combination,
the Units represented by this certificate will automatically separate into the Class A Ordinary Shares and Warrants comprising such Units.

 

This certificate is not valid unless countersigned
by the Transfer Agent and Registrar of the Company.

 

This certificate shall be governed by and construed
in accordance with the internal laws of the State of New York.

 

Witness the facsimile signatures of its duly authorized
officers.

 

	By	 	 	 
	 	 	 	 
	 	Chief Executive Officer	 	Chief Financial Officer

 

    

     

    

 

Ledger Acquisition Company

 

The Company will furnish without charge to each
unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional or other special
rights of each class of shares or series thereof of the Company and the qualifications, limitations or restrictions of such preferences
and/or rights.

 

The following abbreviations, when used in the inscription
on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	TEN COM	—	as tenants in common	UNIF GIFT MIN ACT	—	 	Custodian	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	(Cust)	 	(Minor)
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	TEN ENT	—	as tenants by the entireties	 	 	under Uniform Gifts to Minors Act
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	(State)	 
	 	 	 	 	 	 	 	 
	JT TEN	—	as joint tenants with right of survivorship and not as tenants in common	 	 	 	 	 

 

Additional abbreviations
may also be used though not in the above list.

 

    2

     

    

 

For value received, ##################hereby
sells, assigns and transfers unto

 

PLEASE INSERT
SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

 

(PLEASE PRINT
OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 

Units represented by the within Certificate, and
do hereby irrevocably constitute and appoint ##################as Attorney to transfer the said Units
on the books of the within named Company with full power of substitution in the premises.

 

	Dated	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 

Signature(s) Guaranteed:

 

	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 OR ANY SUCCESSOR RULES).	 

 

In each case, as more fully described in the Company’s final
prospectus dated ##########, 2021, the holder(s) of this certificate shall be entitled to receive
a pro-rata portion of certain funds held in the trust account established in connection with the Company’s initial public offering
only in the event that (i) the Company redeems the Ordinary Shares sold in its initial public offering and liquidates because it
does not consummate an initial business combination within the period of time set forth in the Company’s amended and restated memorandum
and articles of association, as the same may be amended from time to time, (ii) the Company redeems the Ordinary Shares sold in its
initial public offering in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles
of association (A) that would modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares
the right to have their shares redeemed in connection with the Company’s initial business combination or to redeem 100% of the Ordinary
Shares if the Company does not complete its initial business combination within the time period set forth therein or (B) with respect
to any other provision relating to the rights of holders of the Ordinary Shares, or (iii) if the holder(s) seek(s) to redeem
for cash his, her or its respective Ordinary Shares in connection with a tender offer (or proxy solicitation, solely in the event the
Company seeks shareholder approval of the proposed initial business combination) setting forth the details of a proposed initial business
combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

 

    3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}]]