Document:

Exhibit
10.9.4

 

FOURTH
AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT

 

This
FOURTH AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of June 24, 2021, is
entered into by and among AGILETHOUGHT, INC. (formerly known as AN GLOBAL INC), a Delaware corporation (“Ultimate Holdings”)
and AN EXTEND, S.A. DE C.V., a sociedad anónima de capital variable incorporated and existing under the laws of Mexico
(“AN Extend” and together with Ultimate Holdings, each a “Borrower” and collectively, the “Borrowers”),
AN GLOBAL LLC, a Delaware limited liability company (“Intermediate Holdings” and together with Ultimate Holdings,
the “Holdings Companies”), the other Loan Parties party hereto, the financial institutions party hereto as lenders
(together with their respective successors and assigns, the “Lenders”), GLAS USA LLC, as Administrative Agent for
the Lenders, and GLAS AMERICAS LLC, as the Collateral Agent for the Lenders.

 

recitals

 

WHEREAS,
the Borrowers, the Guarantors party thereto, the Lenders party thereto, the Administrative Agent and the Collateral Agent are parties
to that certain First Amended and Restated Credit Agreement, dated as of January 30, 2020 (as amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”);

 

WHEREAS,
the Borrowers and Holdings Companies now desire that the Administrative Agent, the Collateral Agent and the Lenders permit the Borrowers
to incur certain additional indebtedness and to agree to make certain amendments to the Credit Agreement; and

 

WHEREAS,
the Administrative Agent, the Collateral Agent and the Lenders have agreed to do so, but only on the terms and conditions set forth herein;

 

NOW,
THEREFORE, in consideration of the matters set forth in the above Recitals and the covenants and provisions herein set forth, and other
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

AGREEMENT

 

Section
1. Amendments to Credit Agreement. Subject to the effectiveness of this Amendment, including, without limitation, the satisfaction
of the conditions of effectiveness set forth in Section 4 below, on the Amendment No. 4 Effective Date (as defined below), the
Credit Agreement is hereby amended as follows:

 

1.1
Section 1.1 of the Credit Agreement is hereby amended and restated to add the following new defined terms in appropriate alphabetical
order:

 

“Amendment
No. 4 Effective Date” is defined in the Fourth Amendment.

 

“Fourth
Amendment” shall mean that certain Fourth Amendment to First Amended and Restated Credit Agreement dated as of June 24, 2021.

 

“Investor
Debt Noteholder” shall mean AGS Group, LLC.

 

“Investor
Debt Promissory Note” shall mean that certain Subordinated Promissory Note, dated as of and as in effect on June 24, 2021,
by and between Ultimate Holdings and the Investor Debt Noteholder, as amended, modified or supplemented from time to time solely with
the consent of the Lenders, in their discretion.

 

     

     

    

 

“Permitted
Investor Debt” shall mean all indebtedness incurred under the Investor Subordinated Debt Promissory Note, in a maximum aggregate
amount not to exceed U.S.$8,000,000 at any time.

 

“Permitted
Investor Debt Payments” shall mean, solely as long as the Payment Conditions are met with respect thereto, the payment to the
Investor Debt Noteholder of (a) regularly scheduled interest payments, as and when due and payable under the Investor Debt Promissory
Note, and (b) solely on or after January 1, 2022, regularly scheduled payments of principal of the Permitted Investor Debt (for the avoidance
of doubt, excluding any prepayments), as and when due and payable under the Investor Debt Promissory Note.

 

1.2
Clause (a) of the definition of “Debt” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety
as follows:

 

(a)
all indebtedness of such Person for borrowed money, including, without limitation, the Loans and all Subordinated Debt and the Permitted
Investor Debt,

 

1.3
The definition of “EBITDA” in Section 1.1 of the Credit Agreement is hereby amended by adding the following clause (k) immediately
after clause (j) thereof:

 

(k)
the actual amount of reasonable and documented out-of-pocket fees, costs and expenses paid thereby during such period in connection with
the SPAC Transaction, in an aggregate amount not to exceed, for all Loan Parties and their Subsidiaries, U.S.$15,800,000.00.

 

1.4
The definition of “Fixed Charges” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as
follows:

 

“Fixed
Charges” means, for the Consolidated Group determined on a consolidated basis in accordance with GAAP for any Computation Period,
the sum of, without duplication, (a) cash Interest Expense thereof in such Computation Period, plus (b) scheduled principal payments
of Debt thereof (including (i) the loans under the Senior Credit Facility, (ii) the Loans to the extent any such payments thereof would
constitute “Permitted Second Lien Debt Payments” under the Senior Credit Facility, (iii) scheduled principal payments of,
and any interest and fees actually paid in such Computation Period with respect to, the Permitted Investor Debt, and (iv) any Earn-out
Obligations, including, without limitation, all Permitted Earn-out Obligations (other than the Permitted Earn-out Obligations paid out
of funds on deposit in the Segregated Account), but excluding (x) the revolving loans under the Senior Credit Facility, and (y) scheduled
payments of principal required to paid pursuant to Section 6.4.2 thereof during the Modified Amortization Period (as such term is defined
in the Senior Credit Facility)) in such Computation Period, and (z) the Fifth Amendment Fee (as such term is defined in the Senior Credit
Facility); provided that, for the avoidance of doubt, any Permitted Earn-out Obligation shall be excluded from Fixed Charges to the extent
that, as of any date of determination, the Payment Conditions with respect to such Permitted Earn-Out Obligation are not satisfied as
of such date (after giving pro forma effect to such payment).

 

    2

     

    

 

1.5
The definition of “Payment Conditions” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety
as follows:

 

“Payment
Conditions” means, with respect to any Permitted Investor Debt Payment or Permitted Earn-out Payment, that (a) no Event of
Default has occurred and is continuing or would be caused by the making thereof, and (b) after giving pro forma effect to that
payment, (i) Liquidity exceeds U.S.$5,000,000 and (ii) as of the last day of the most recently ended Computation Period for which financial
statements have been delivered (or were required to be delivered) to Administrative Agent under and in accordance with Section 10.1.2,
the Consolidated Group shall be in pro forma compliance with the financial covenants set forth in Section 11.12 for the
most recently concluded Computation Period.

 

1.6
The definition of “Total Leverage Ratio” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety
as follows:

 

“Total
Leverage Ratio” means, for the Consolidated Group determined on a consolidated basis in accordance with GAAP as of the last
day of any Computation Period, the ratio of (a) Total Debt (excluding any the Permitted Investor Debt, Permitted Earn-out
Obligations and the Fifth Amendment Fee (as defined in the Senior Credit Facility)) thereof as of such day, to (b) EBITDA
thereof for the Computation Period ending on such day.

 

1.7
Clause (e) in Section 11.1 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 

(i)
Permitted Earn-out Obligations, (ii) the Permitted Investor Debt, and (iii) Subordinated Debt (other than, for avoidance of doubt, any
Permitted Earn-out Obligations) incurred after the Closing Date in an aggregate outstanding amount for all Loan Parties and their Subsidiaries
not to exceed (together with the aggregate outstanding amount under the Permitted Investor Debt) U.S.$8,000,000 at any time, so long
as such Subordinated Debt is subject to a Subordination Agreement;

 

1.8
Clause (vi) of Section 11.3 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

(vi)
any Loan Party may (x) make the Permitted Investor Debt Payments, and (y) make payments with respect to Subordinated Debt to the extent
expressly permitted under the applicable Subordination Agreement.

 

1.9
Section 11.6 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

Transactions
with Affiliates. Not, and not permit any Loan Party or Subsidiary thereof to, enter into, or cause, suffer or permit to exist any
transaction, arrangement or contract with any Affiliate, other than the Investor Debt Promissory Note, and, (a) those set forth
on Schedule 11.6, (b) those permitted by Sections 11.3, 11.4(i), and 11.9, to the extent so
permitted, (c) loans from the Borrower to IT Global Holding LLC, made solely with the proceeds of Loans, and (d) such other transactions,
arrangements and contracts that are on terms which are no less favorable to the Loan Parties than are obtainable from any Person which
is not an Affiliate.

 

1.10
Section 11.12.1 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 

    3

     

    

 

11.12.1
Fixed Charge Coverage Ratio. Permit the Fixed Charge Coverage Ratio of the Consolidated Group for any Computation Period to be
less than the applicable ratio set forth below for such Computation Period:

 

	Computation
    Period Ending	 	Fixed
    Charge Coverage
	June
    30, 2019	 	1.15:1.00
	September
    30, 2019	 	1.15:1.00
	December
    31, 2019	 	1.20:1.00
	March
    31, 2020, June 30, 2020, 

    and September 30, 2020	 	1.25:1.00
	December
    31, 2020	 	1.15:1.00
	March
    31, 2021	 	1.10:1.00
	June
    30, 2021	 	0.65:1.00
	September
    30, 2021	 	0.75:1.00
	December
    31, 2021 and each 

    Computation Period ending 

    thereafter	 	1.25:1.00

 

1.11
Section 11.12.2 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 

11.12.1
Total Leverage Ratio. Permit the Total Leverage Ratio of the Consolidated Group for any Computation Period to exceed the applicable
ratio set forth below for such Computation Period:

 

	Computation
    Period Ending	 	Total
    Leverage Ratio
	June
    30, 2019	 	3.75:1.00
	September
    30, 2019	 	3.50:1.00
	December
    31, 2019	 	3.50:1.00
	March
    31, 2020	 	3.25:1.00
	June
    30, 2020	 	3.00:1.00
	September
    30, 2020	 	3.50:1.00
	December
    31, 2020	 	5.40:1.00
	March
    31, 2021	 	5.25:1.00
	June
    30, 2021	 	8.00:1.00
	September
    30, 2021	 	6.50:1.00
	December
    31, 2021	 	4.00:1.00
	March
    31, 2022 and each 

    Computation Period ending

    thereafter	 	3.00:1.00

 

Section
2. Definitions. All capitalized term used herein and not otherwise defined herein shall have the meanings given to them in the
Credit Agreement as amended hereby.

 

Section
3. Conditions Precedent to Effectiveness of Amendment. This Amendment shall become effective upon the satisfaction of each of
the following conditions (the date on which all such conditions precedent have been satisfied, the “Amendment No. 4 Effective
Date”):

 

3.1
The Administrative Agent and the Lenders shall have received a copy of this Amendment signed by the Loan Parties, the Administrative
Agent, the Collateral Agent and the Lenders;

 

    4

     

    

 

3.2
The Administrative Agent and the Lenders shall have received a fully executed copy of the Fifth Amendment to Amended and Restated Credit
Agreement, dated as of the date of this Amendment, amending the Senior Credit Facility in form and substance satisfactory to the Lenders;

 

3.3
The Administrative Agent and the Lenders shall have received evidence of payment by the Borrowers of all accrued and unpaid fees, costs
and expenses incurred prior to or on the Amendment No. 4 Effective Date, including all Attorney Costs of the Administrative Agent and
the Lenders incurred prior to or on the Amendment No. 4 Effective Date; and

 

3.4
All representations and warranties set forth in Section 4 hereof are true and correct.

 

Section
4. Representations and Warranties. To induce the Administrative Agent and the Lenders to execute this Amendment, each Loan Party
hereby represents and warrants to the Administrative Agent and the Lenders as follows:

 

4.1
the execution, delivery and performance of this Amendment by the Loan Parties has been duly authorized, and this Amendment constitutes
the legal, valid and binding obligation of each Loan Party, enforceable against such Loan Party in accordance with its terms, except
as the enforceability may be limited by bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights
generally and to general principles of equity;

 

4.2
the execution, delivery and performance of this Amendment by each Loan Party does not require any consent or approval of any governmental
agency or authority (other than (i) any consent or approval which has been obtained and is in full force and effect, or (ii) where the
failure to obtain such consent would not reasonably be expected to result in a Material Adverse Effect);

 

4.3
after giving effect to this Amendment and the transactions contemplated hereby, each of the representations and warranties of each Loan
Party set forth in the Loan Documents are true and correct in all material respects (unless any such representation or warranty is by
its terms qualified by concepts of materiality, in which case that representation or warranty is true and correct in all respects) with
the same effect as if then made (except to the extent stated to relate to a specific earlier date, in which case that representation
or warranty is true and correct in all material respects or in all respects, as applicable, as of that earlier date); and

 

4.4
after giving effect to this Amendment and the transactions contemplated hereby, no Default or Event of Default has occurred and is continuing
or would result from the execution and effectiveness of this Amendment.

 

Section
5. Ratification and Reaffirmation. Each Loan Party hereby ratifies and confirms the Credit Agreement and each other Loan Document
to which it is a party, each of which shall remain in full force and effect according to their respective terms, as amended hereby. In
connection with the execution and delivery of this Amendment and the other Loan Documents delivered herewith, each Loan Party, as borrower,
debtor, grantor, mortgagor, pledgor, guarantor, assignor, obligor or in other similar capacities in which such Loan Party grants liens
or security interests in its properties or otherwise acts as an accommodation party, guarantor, obligor or indemnitor or in such other
similar capacities, as the case may be, in any case under any Loan Documents, hereby (a) ratifies, reaffirms, confirms and continues
all of its payment and performance and other obligations, including obligations to indemnify, guarantee, act as surety, or as principal
obligor, in each case contingent or otherwise, under each of such Loan Documents to which it is a party, (b) ratifies, reaffirms, confirms
and continues its grant of liens on, or security interests in, and assignments of its properties pursuant to such Loan Documents to which
it is a party as security for the Obligations, and (c) confirms and agrees that such liens and security interests secure all of the Obligations.
Each Loan Party hereby consents to the terms and conditions of the Credit Agreement, as amended hereby. Each Loan Party acknowledges
(i) that each of the Loan Documents to which it is a party remains in full force and effect, (ii) that each of the Loan Documents to
which it is a party is hereby ratified, continued and confirmed, (iii) that any and all obligations of such Loan Party under any one
or more such documents to which it is a party is hereby ratified, continued and reaffirmed, and (iv) that, to such Loan Party’s
knowledge, there exists no offset, counterclaim, deduction or defense to any obligations described in this Section 5. This Amendment
shall not constitute a course of dealing with the Administrative Agent, the Collateral Agent or the Lenders at variance with the Credit
Agreement or the other Loan Documents such as to require further notice by the Administrative Agent, the Collateral Agent or the Lenders
to require strict compliance with the terms of the Credit Agreement and the other Loan Documents in the future.

 

    5

     

    

 

Section
6. Miscellaneous.

 

6.1
Signatures; Effect of Amendment. By executing this Amendment, each of the Loan Parties is deemed to have executed the Credit Agreement,
as amended hereby, as a Borrower and a Loan Party (or, in the case of the Intermediate Holdings and the Guarantors, solely as a Loan
Party). All such Loan Parties, the Administrative Agent, the Collateral Agent and the Lenders acknowledge and agree that (a) nothing
contained in this Amendment in any manner or respect limits or terminates any of the provisions of the Credit Agreement or any of the
other Loan Documents other than as expressly set forth herein and further agree and acknowledge that the Credit Agreement (as amended
hereby) and each of the other Loan Documents remain and continue in full force and effect and are hereby ratified and confirmed, and
(b) other than as expressly set forth herein, the obligations under the Credit Agreement and the guarantees, pledges and grants of security
interests created under or pursuant to the Credit Agreement and the other Loan Documents continue in full force and effect in accordance
with their respective terms and the Collateral secures and shall continue to secure the Loan Parties’ obligations under the Credit
Agreement (as amended hereby) and any other obligations and liabilities provided for under the Loan Documents. Except to the extent expressly
set forth herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any rights, power or remedy
of the Administrative Agent, the Collateral Agent or the Lenders under the Credit Agreement or any other Loan Document, nor constitute
a waiver of any provision of the Credit Agreement or any other Loan Document, nor constitute a novation of any of the Obligations under
the Credit Agreement or obligations under the Loan Documents. This Amendment does not extinguish the indebtedness or liabilities outstanding
in connection with the Credit Agreement or any of the other Loan Documents. No delay on the part of the Administrative Agent, the Collateral
Agent or any Lender in exercising any of their respective rights, remedies, powers and privileges under the Credit Agreement or any of
the Loan Documents or partial or single exercise thereof, shall constitute a waiver thereof. None of the terms and conditions of this
Amendment may be changed, waived, modified or varied in any manner, whatsoever, except in accordance with Section 15.1 of the
Credit Agreement.

 

6.2
Counterparts. This Amendment may be executed electronically and in any number of counterparts and by the different parties on
separate counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute
but one and the same instrument. Delivery of the executed counterpart of this Amendment by telecopy or electronic mail shall be as effective
as delivery of a manually executed counterpart to this Amendment.

 

6.3
Severability. The illegality or unenforceability of any provision of this Amendment or any instrument or agreement required hereunder
shall not in any way affect or impair the legality or enforceability of the remaining provisions of this Amendment or any instrument
or agreement required hereunder.

 

6.4
Captions. Section captions used in this Amendment are for convenience only, and shall not affect the construction of this Amendment.

 

    6

     

    

 

6.5
Entire Agreement. This Amendment embodies the entire agreement and understanding among the parties hereto and supersedes all prior
or contemporaneous agreements and understandings of such Persons, verbal or written, relating to the subject matter hereof.

 

6.6
References. Any reference to the Credit Agreement contained in any notice, request, certificate, or other document executed concurrently
with or after the execution and delivery of this Amendment shall be deemed to include this Amendment unless the context shall otherwise
require. Reference in any of this Amendment, the Credit Agreement, or any other Loan Document to the Credit Agreement shall be a reference
to the Credit Agreement as amended hereby and as may be further amended, modified, restated, supplemented or extended from time to time.

 

6.7
Governing Law. THIS AMENDMENT IS A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK.

 

6.8
Payment of Costs and Expenses. Each Loan Party, jointly and severally, agree pursuant to the terms of Section 15.5 of the
Credit Agreement, to pay on demand all reasonable out-of-pocket costs and expenses of the Administrative Agent and the Lenders incurred
in connection with the transactions contemplated hereby (including Attorney Costs and Taxes) in connection with the preparation, execution
and delivery of this Amendment and the other Loan Documents.

 

6.9
Administrative Agent and Collateral Agent Instruction. Each Lender party hereto, through its execution of this Amendment, hereby
instructs each of the Administrative Agent and the Collateral Agent to execute and deliver this Amendment.

 

[Signatures
Immediately Follow]

 

    7

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above.

 

	 	AGILETHOUGHT,
    INC,
	 	as
    Borrower
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	President
	 	 	 
	 	AN
    EXTEND, S.A. de C.V.,
	 	as
    Borrower
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 	 
	 	AN
    GLOBAL LLC,
	 	as
    Loan Party
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	President
	 	 	 
	 	4th
    SOURCE LLC, as
	 	Loan
    Party
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	President
	 	 	 
	 	IT
    GLOBAL HOLDING, LLC, as
	 	Loan
    Party
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	President

 

Signature
page to Fourth Amendment

 

     

     

    

 

	 	QMX
    INVESTMENT HOLDINGS USA, as
	 	Loan
    Party
	 	 	 
	 	By:	/s/
    Jorge Pliego Seguin
	 	Name:	Jorge
    Pliego Seguin
	 	Title:	Treasurer
	 		
	 	NORTH
    AMERICAN SOFTWARE S.A.P.I. 
	 	DE
    C.V., as Loan Party
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact 
	 		 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo 
	 	Title:	Attorney-in-Fact
	 	 	 
	 	4TH
    SOURCE HOLDING CORP., as Loan Party
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 	 
	 	FACULTAS
    ANALYTICS, S.A.P.I. DE C.V.,
	 	as
    Loan Party
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact

 

Signature
page to Fourth Amendment

 

     

     

    

 

	 	FAKTOS
    INC, S.A.P.I. DE C.V., as Loan Party
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact
	 	 	 
	 	CUARTO
    ORIGEN, S. DE R.L. DE C.V., as 

    Loan Party
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact
	 	 	 
	 	4TH
    SOURCE MEXICO, LLC, as Loan Party
	 	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 	 
	 	AGS
    ALPAMA GLOBAL SERVICES 
	 	MEXICO,
    S.A DE C.V., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact

 

Signature
page to Fourth Amendment

 

     

     

    

 

	 	ENTREPIDS
    TECHNOLOGY INC., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 
	 	ENTREPIDS
    MEXICO, S.A. DE C.V., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact
	 	 
	 	AGS
    ALPAMA GLOBAL SERVICES USA, LLC., as Loan Party
	 	 
	 	By:	QMX
    Investment Holdings USA, Inc., its sole member
	 	 
	 	By:	/s/
    Jorge Pliego Seguin
	 	Name:	Jorge
    Pliego Seguin
	 	Title:	Treasurer
	 	 
	 	AN
    UX, S.A de C.V., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact

 

Signature
page to Fourth Amendment

 

     

     

    

 

	 	AN
    EVOLUTION, S.A. DE C.V., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:
    Manuel Senderos Fernández
	 	Title:
    Attorney-in-Fact
	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact
	 	 
	 	AN
    DATA INTELLIGENCE, S.A. DE C.V., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact
	 	 
	 	ANZEN
    SOLUCIONES, S.A. DE C.V., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 
	 	AN
    USA, as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	President

 

Signature
page to Fourth Amendment

 

     

     

    

 

	 	AGS
    NASOFT SERVICIOS ADMINISTRATIVOS, S.A. DE C.V., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact
	 	 
	 	NASOFT
    SERVICIOS ADMINISTRATIVOS, S.A DE C.V., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 
	 	By:	/s/
    Mauricio Garduño González Elizondo
	 	Name:	Mauricio
    Garduño González Elizondo
	 	Title:	Attorney-in-Fact
	 	 
	 	AGILETHOUGHT,
    LLC, as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact
	 	 
	 	INVERTIS,
    S.A. DE C.V., as Loan Party
	 	 
	 	By:	/s/
    Manuel Senderos Fernández
	 	Name:	Manuel
    Senderos Fernández
	 	Title:	Attorney-in-Fact

 

Signature
page to Fourth Amendment

 

     

     

    

 

	 	GLAS
    USA LLC, as Administrative Agent
	 	 
	 	By:	/s/
    Lisha John
	 	Name:	Lisha
    John
	 	Title:	Vice
    President
	 	 
	 	GLAS
    AMERICAS LLC, as Collateral Agent
	 	 
	 	By:	/s/
    Lisha John
	 	Name:	Lisha
    John
	 	Title:	Vice
    President

 

Signature
page to Fourth Amendment

 

     

     

    

 

	 	BANCO
    NACIONAL DE MÉXICO S.A., INTEGRANTE DEL GRUPO FINANCIERO BANAMEX, DIVISIÓN FIDUCIARIA, COMO FIDUCIARIO DEL FIDEICOMISO
    IRREVOCABLE F/17937-8, as Tranche A Lender and Tranche A-2 Lender
	 	 
	 	By:	/s/
    Andres Borrego
	 	Name:	Andres
    Borrego
	 	Title:	Attorney
    in Fact
	 	 
	 	By:	/s/
    Manuel Ramos
	 	Name:	Manuel
    Ramos
	 	Title:	Attorney
    in Fact

 

Signature
page to Second Amendment

 

     

     

    

  

	 	NEXXUS
    CAPITAL PRIVATE EQUITY FUND VI, L.P., as Tranche B Lender and Tranche B-2 Lender
	 	 
	 	By:	/s/
    Arturo José Saval Pérez
	 	Name:	Arturo
    José Saval Pérez
	 	Title:	Attorney-in-fact
	 	 
	 	By:	/s/
    Roberto Langenauer Neuman
	 	Name:	Roberto
    Langenauer Neuman
	 	Title:	Attorney-in-fact
	 	 
	 	BANCO
    NACIONAL DE MÉXICO, S.A., MEMBER OF GRUPO FINANCIERO BANAMEX, DIVISION FIDUCIARIA, IN ITS CAPACITY AS TRUSTEE OF THE TRUST
    “NEXXUS CAPITAL VI” AND IDENTIFIED WITH NUMBER NO. F/173183, as Tranche B Lender and Tranche B-2 Lender
	 	 
	 	By:	/s/
    Arturo José Saval Pérez
	 	Name:	Arturo
    José Saval Pérez
	 	Title:	Attorney-in-fact
	 	 
	 	By:	/s/
    Roberto Langenauer Neuman
	 	Name:	Roberto
    Langenauer Neuman
	 	Title:	Attorney-in-fact

 

Signature
page to Second AmendmentExhibit 10.10

 

EXECUTION
VERSION

 

CONVERSION
AGREEMENT

 

This
Conversion Agreement (this “Agreement”) with respect to the conversion of all outstanding obligations under
the Credit Agreement (as defined below) is made as of May 9, 2021 between AGILETHOUGHT, INC., a Delaware corporation (the “Company”),
AN EXTEND, S.A. de C.V., a sociedad anónima de capital variable incorporated and existing under the laws of Mexico
(“AN Extend”), and each of the Lenders (as defined below).

 

WHEREAS,
the Company is a Borrower under the First Amended and Restated Credit Agreement, dated of as January 30, 2020, by and among the
Company and AN Extend (together, the “Borrowers”), the other loan parties party thereto, Nexxus Capital Private
Equity Fund VI, L.P., as Tranche B Lender and Tranche B-2 Lender (“Nexxus 1 Lender”), Banco Nacional de México,
S.A., Member of Grupo Financiero Banamex, Division Fiduciaria, in its capacity as trustee of the trust “Nexxus Capital VI”
and identified with number No. F-173183, as Tranche B Lender and Tranche B-2 Lender (“Nexxus 2 Lender”), Banco
Nacional de México, S.A., Integrante del Grupo Financiero Banamex, División Fiduciaria, como fiduciario del fideicomiso
irrevocable F/17937-8, as Tranche A Lender and Tranche A-2 Lender (“Credit Suisse Lender” and, together with
Nexxus 1 Lender and Nexxus 2 Lender, collectively, the “Lenders”), Glas USA LLC, as Administrative Agent for
the Lenders (in such capacity, the “Administrative Agent”) and Glas Americas LLC, as Collateral Agent for the
Lenders (in such capacity, the “Collateral Agent” and, together with the Administrative Agent, the “Agents”),
as amended by the Waiver and First Amendment to First Amended and Restated Credit Agreement, dated as of May 4, 2020 and the Waiver
and Second Amendment to the First Amended and Restated Credit Agreement, dated as of February 2, 2021 (as may be further amended
from time to time, the “Credit Agreement.”) Capitalized terms used but not defined in this Agreement shall
have the meanings assigned to such terms in the Credit Agreement unless otherwise specified herein;

 

WHEREAS,
the Company and LIV CAPITAL ACQUISITION CORP., a Cayman Islands exempted company (“LIVK”), have entered into
the Agreement and Plan of Merger, dated as of the date hereof (the “Merger Agreement”), pursuant to which,
among other matters, (i) LIVK will domesticate as a Delaware corporation in accordance with the Delaware General Corporation Law
and the Companies Law (2020 Revision) of the Cayman Islands (the “Domestication”) and (ii) the Company shall
be merged with and into LIVK (the “Merger”), with LIVK being the surviving corporation (“Surviving
Pubco”); and

 

WHEREAS,
in connection with the closing of the Merger, the Company, the Borrowers, AN Global LLC and the Lenders wish to convert all of
the outstanding obligations due to the Lenders under the Credit Agreement as described herein.

 

NOW,
THEREFORE, in consideration of their mutual covenants herein contained, the parties hereto, intending to be legally bound, hereby
mutually covenant and agree as follows:

 

Article
1. Conversion

 

Section
1.1 Conversion into AT Shares. Subject to the satisfaction of the conditions precedent in Article
II of this Agreement, all Outstanding Total Obligations due to each Lender shall be converted (such conversion, the “AT
Conversion”) into the Specified Number of AT Shares immediately prior to the Effective Time under,
and as defined in, the Merger Agreement (such Specified Number of AT Shares, the “AT Conversion Shares”).
“Specified Number” shall mean the number of AT Shares specified in Annex 1.
“AT Shares” means shares of the Company’s Class A common stock, par value
$0.001 per share. “Outstanding Total Obligations” means the sum of (a) accrued and
unpaid interest on the Loans under the Credit Agreement through, and including, the date of the AT Conversion (including any additional
interest amount payable to Tranche B Lenders and Tranche B-2 Lenders under Section 4.2(b)(ii) and (d)(ii) of the Credit Agreement, in
connection with the payment of such accrued and unpaid interest on the Loans) and (b) the outstanding aggregate principal amount of the
Loans (including any interest previously capitalized and added to principal) as of the date of the AT Conversion.1

 

 

		1	Note to Draft: The termination of all obligations
under the Credit Agreement and the release of collateral to be documented in a separate payoff letter among the Agents, the Lenders
and the Borrowers.

 

     

     

    

 

Section
1.2 Conversion into Pubco Shares.
Subject to the occurrence of the AT Conversion and the satisfaction of the conditions precedent in Article II of this Agreement,
upon consummation of the Merger at the Effective Time, the AT Conversion Shares shall automatically be converted (the “Pubco
Conversion”) into and become the right to receive the applicable share of the Merger Consideration
under the Merger Agreement and each Lender shall be entitled to receive their “Proportionate Interest” of the “Common
Merger Consideration” as a holder of “Company Common Shares” (as such terms are defined in the Merger Agreement),
with such Common Merger Consideration consisting of shares of the common stock of Surviving Pubco (such shares to be received
by the Lenders in the Pubco Conversion, the “Pubco Conversion Shares”). The
Pubco Conversion Shares shall be delivered in the same form, at the same time and through the same means, as the Common Merger
Consideration is delivered to each other holder of a Company Common Share under the Merger Agreement. 

 

Section
1.3 Allocation Schedule. The
Lenders have reviewed the preliminary Allocation Schedule (as defined in the Merger Agreement) attached to the Merger Agreement
as Annex H (the “Preliminary Allocation Schedule”). Assuming the accuracy
of the capitalization numbers set forth therein, the Preliminary Allocation Schedule accurately reflects the Specified Number
of AT Shares to be received by the Lenders in connection with the AT Conversion and the number of Pubco Conversion Shares to be
received in the Merger, in each case, based on the assumptions set forth in the Preliminary Allocation Schedule. In accordance
with Section 4.06 of the Merger Agreement, the Company hereby agrees to deliver to LIVK the updated version of the Allocation
Schedule contemplated by Section 4.06 of the Merger Agreement reflecting the Pubco Conversion Shares in form and substance acceptable
to the Lenders that is consistent with the Preliminary Allocation Schedule not less than two (2) Business Days (as defined in
the Merger Agreement) prior to the Closing Date (as defined in the Merger Agreement). If, following delivery to LIVK of the Allocation
Schedule, the Closing Date is postponed for any reason, the Company hereby agrees to deliver to LIVK the updated version of the
Allocation Schedule as required by Section 4.06 of the Merger Agreement reflecting the Pubco Conversion Shares in form and substance
consistent with the Preliminary Allocation Schedule not less than two (2) Business Days prior to such postponed Closing Date.

 

Section
1.4 Shareholders Agreement.
Notwithstanding anything to the contrary in Section 18.1 of the Credit Agreement, the Lenders shall not be required to enter into
the Shareholders Agreement, dated February 15, 2019, among the Company and the shareholders of the Company party thereto in connection
with either the AT Conversion or the Pubco Conversion.

 

Article
2. Conditions Precedent to Conversion

 

Section
2.1 Conditions Precedent. The AT Conversion and the Pubco Conversion (together, the “Conversion”)
shall be subject to the satisfaction of all of the conditions in Article 10 of the Merger Agreement, other than the conditions contemplated
by Section 10.01(i), 10.02(d) and 10.03(d) thereof (the “Condition Precedent”).
The Condition Precedent may be waived by any Lender, with respect to its portion of the Conversion only, in writing.

 

    2

     

    

 

Section
2.2 Notice.
If any party hereto becomes aware of any fact, matter or circumstance that is reasonably likely to lead to any of the conditions
in Article 10 of the Merger Agreement (other than the condition contemplated by Section 10.01(j)) being unsatisfied or incapable
of waiver, that party will immediately notify the other parties thereof. The Company shall promptly notify the Lenders of the
satisfaction of the conditions listed in Section 2.1.

 

Article
3. Covenants, Representations and Warranties of the Lenders

 

Each
Lender hereby covenants (solely as to itself), as follows, and makes the following representations and warranties (solely as to
itself), each of which is and shall be true and correct on the date hereof and on the date of the Conversion.

 

Section
3.1 Power and Authorization. The Lender
is duly organized, validly existing and in good standing under the laws of its jurisdiction of formation, and has the requisite
power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the
Conversion contemplated hereby.

 

Section
3.2 Valid and Enforceable Agreement; No Violations.
This Agreement has been duly authorized, executed and delivered by the Lender and constitutes a legal, valid and binding obligation
of the Lender, enforceable against the Lender in accordance with its terms, except that such enforcement may be subject to (a)
bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting or relating to enforcement
of creditors’ rights generally, and (b) general principles of equity, whether such enforceability is considered in a proceeding
at law or in equity (the “Enforceability Exceptions”). This Agreement and consummation of the Conversion will
not violate, conflict with or result in a breach of or default under (i) the Lender’s organizational documents, (ii) any
agreement or instrument to which the Lender is a party or by which the Lender or its assets are bound or (iii) any laws, regulations
or governmental or judicial decrees, injunctions or orders applicable to the Lender, except for such violations, conflicts or
breaches under clauses (ii) and (iii) above that would not, individually or in the aggregate, have a material adverse effect on
the financial position, results of operations or prospects of the Lender or on their performance of the obligations under this
Agreement or on the consummation of the transactions contemplated hereby.

 

Section
3.1 Covenants, Representations and Warranties of the Company and AN Extend.

 

Each
of the Company and AN Extend hereby covenants (solely as to itself) as follows, and makes the following representations and warranties
(solely as to itself), each of which is and shall be true and correct on the date hereof and on the date of the Conversion, and
all such covenants, representations and warranties shall survive the Conversion.

 

Section
4.1 Power and Authorization. It is duly
incorporated, validly existing and in good standing under the laws of its state of incorporation, and has the power, authority
and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the Conversion. No
material consent, approval, order or authorization of, or material registration, declaration or filing (other than filings under
the Securities Exchange Act of 1934, as amended) with any governmental entity is required on its part of in connection with the
execution, delivery and performance by it of this Agreement and the consummation of the transactions contemplated hereby.

 

    3

     

    

 

Section
4.2 Valid and Enforceable Agreements; No Violations.
This Agreement has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms, except that such enforcement may be subject to the Enforceability Exceptions. This Agreement
and consummation of the Conversion will not violate, conflict with or result in a breach of or default under (i) its charter,
bylaws or other organizational documents, (ii) any agreement or instrument to which it is a party or by which it or any of its
assets are bound, or (iii) any laws, regulations or governmental or judicial decrees, injunctions or orders applicable to it,
except for such violations, conflicts or breaches under clauses (ii) and (iii) above that would not, individually or in the aggregate,
have a material adverse effect on its financial position, results of operations or prospects or on its performance of its obligations
under this Agreement or on the consummation of the transactions contemplated hereby.

 

Section
4.3 Validity of AT Conversion Shares.
The AT Conversion Shares have been duly authorized and, upon delivery (or deemed delivery) pursuant to Section 1.1 of this
Agreement, will be fully paid and non-assessable and will not be subject to any preemptive, participation, rights of first refusal
or other similar rights. Upon delivery (or deemed delivery) of such AT Conversion Shares pursuant to Section 1.1 of this
Agreement, such AT Conversion Shares shall be free and clear of all liens created by the Company, AN Extent, Intermediate Holdings
or LIVK.

 

Article
5. Covenants of all Parties.

 

Section
5.1 Reasonable Best Efforts. Each
of the parties hereto shall use its commercially reasonable efforts to cause the Conversion to occur in accordance with the terms
hereof.

 

Article
6. Lock-Up Provisions

 

Section
6.1 Restriction on Sale of Pubco Conversion Shares. Credit Suisse Lender hereby agrees and
covenants that, it will not, during the period from the date of the Closing and ending on the earlier of (A) the date that is 180
days following the date of the Closing or (B) the date on which the closing price of shares of common stock of Surviving Pubco on
Nasdaq equals or exceeds $12.50 per share for any 20 trading days within a 30-trading day period following 150 days following the
date of the Closing (the “Lock-Up Period”), (i) Transfer any equity interests
of Surviving Pubco (including the Pubco Conversion Shares) received or retained as consideration under the Merger Agreement,
including securities held in escrow or otherwise issued or delivered after the Closing pursuant to the Merger Agreement
(collectively, the “Restricted Securities”) (a “Prohibited
Transfer”). If any Prohibited Transfer is made or attempted contrary to the provisions of
this Article VI, such purported Prohibited Transfer shall be null and void ab initio, and Surviving Pubco shall refuse
to recognize any such purported transferee of the Restricted Securities as one of its equity holders for any purpose. In order to
enforce this Article VI, Surviving Pubco may impose stop-transfer instructions with respect to the Restricted Securities of
Credit Suisse Lender until the end of the Lock-Up Period, as well as include customary legends on any certificates for any of the
Restricted Securities reflecting the restrictions under this Article VI.

 

    4

     

    

 

Section
6.2 Permitted Transfers. Notwithstanding the provisions set forth in Section 6.1,
the following Transfers of Restricted Securities during the Lock-Up Period are permitted: (i) to Surviving Pubco’s officers
or directors, or any Affiliates or family members of any of Surviving Pubco’s officers or directors; (ii) in the case of
an individual, Transfers by gift to a member of the individual’s immediate family, or to a trust, the beneficiary of which
is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (iii)
in the case of an individual, Transfers by virtue of laws of descent and distribution upon death of the individual; (iv) in the
case of an individual, Transfers pursuant to a qualified domestic relations order; (v) in the case of an entity, Transfers to
a stockholder, partner, member or Affiliate of such entity; (vi) in the case of an entity, Transfers by virtue of the laws of
the state of the entity’s organization and the entity’s organizational documents upon dissolution of the entity; (vii)
transactions relating to Surviving Pubco Common Stock or other securities convertible into or exercisable or exchangeable for
Surviving Pubco Common Stock acquired in open market transactions after the Closing, provided that no such transaction is required
to be, or is, publicly announced (whether on Form 4, Form 5 or otherwise, other than a required filing on Schedule 13F, 13G or
13G/A) during the Lock-Up Period; (viii) the exercise of any options or warrants to purchase Surviving Pubco Common Stock (which
exercises may be effected on a cashless basis to the extent the instruments representing such options or warrants permit exercises
on a cashless basis); (ix) Transfers to the Surviving Corporation to satisfy tax withholding obligations pursuant to the Surviving
Corporation’s equity incentive plans or arrangements; (x) Transfers to the Surviving Corporation pursuant to any contractual
arrangement in effect at the Closing that provides for the repurchase by the Surviving Corporation or forfeiture of Credit Suisse
Lender’s Restricted Securities in connection with the termination of Credit Suisse Lender’s service to the Company;
(xi) the entry, by Credit Suisse Lender, at any time after the Closing, of any trading plan providing for the sale of Surviving
Pubco Common Stock by Credit Suisse Lender, which trading plan meets the requirements of Rule 10b5-1(c) under the Securities Exchange
Act of 1934, as amended, provided, however, that such plan does not provide for, or permit, the sale of any Surviving Pubco Common
Stock during the Lock-Up Period and no public announcement or filing is voluntarily made or required regarding such plan during
the Lock-Up Period; and (xii) transactions in the event of Surviving Pubco’s completion of a liquidation, merger, amalgamation,
share exchange, reorganization or other similar transaction which results in all of the equityholders of the Surviving Company
or Surviving Pubco, as applicable, having the right to exchange their equity interests of Surviving Pubco for cash, securities
or other property; provided, however, that, in the case of the foregoing clauses (i) through (v), for such Transfer to be effective,
the transferee must enter into a written agreement with Surviving Pubco agreeing to be bound by this Article VI.

 

Section
6.3 Definitions. For purposes of this Article VI, (1) “Transfer” means
the (i) sale or assignment of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase
or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position
or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange
Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder with respect to, any security, (ii) entry
into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii)
public announcement of any intention to effect any transaction specified in clause (i) or (ii), (2) “immediate family”
shall mean a spouse, domestic partner, child, grandchild or other lineal descendant (including by adoption), father, mother, brother
or sister of the relevant person; (3) “Affiliate” shall have the meaning set forth in Rule 405 under the Securities
Act of 1933, as amended; and (4) any capitalized term used in this Article VI but not defined in this Agreement shall have
the meaning assigned to such term in the Merger Agreement.

 

Article
7. Miscellaneous

 

Section
7.1 Entire Agreement. This Agreement
and any documents and agreements executed in connection with the Conversion embody the entire agreement and understanding of the
parties hereto with respect to the subject matter hereof and supersede all prior and contemporaneous oral or written agreements,
representations, warranties, contracts, correspondence, conversations, memoranda and understandings between or among the parties
or any of their agents, representatives or affiliates relative to such subject matter, including, without limitation, any term
sheets, emails or draft documents.

 

    5

     

    

 

Section
7.2 Construction. References in the singular
shall include the plural, and vice versa, unless the context otherwise requires. References in the masculine shall include the
feminine and neuter, and vice versa, unless the context otherwise requires. Headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meanings of the provisions hereof. Neither party, nor its respective
counsel, shall be deemed the drafter of this Agreement for purposes of construing the provisions of this Agreement, and all language
in all parts of this Agreement shall be construed in accordance with its fair meaning, and not strictly for or against either
party.

 

Section
7.3 Governing Law. This Agreement shall
in all respects be construed in accordance with and governed by the substantive laws of the State of New York, without reference
to its choice of law rules.

 

Section
7.4 Counterparts. This Agreement may
be executed in counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and
the same instrument. Any counterpart or other signature hereon delivered by facsimile or any standard form of telecommunication
or e-mail shall be deemed for all purposes as constituting good and valid execution and delivery of this Agreement by such party.

 

Section
7.5 Rights of Third Parties.
Nothing expressed or implied in this Agreement is intended or shall be construed to confer upon or give any Person (as defined
in the Merger Agreement), other than the parties, any right or remedies under or by reason of this Agreement; provided,
however, that, notwithstanding the foregoing, LIVK shall be an express intended third party beneficiary of, and may enforce,
this Agreement.

 

Section
7.6 Termination.
This Agreement shall automatically terminate (without the requirement of any action by any party hereto) and be of no further
force or effect upon the earliest to occur of (a) upon consummation of the Conversion in accordance with the terms of this Agreement
(except that the provisions of Section 6 and this Section 7 shall survive the Conversion and continue in full force
and effect in accordance with their respective terms), (b) the date on which the Merger Agreement is terminated in accordance
with its terms prior to the Conversion or (c) the mutual written consent of the parties hereto. In addition, any Lender may terminate
this Agreement, with respect to its portion of the Conversion only, by delivering a written notice of termination to the Company
and LIVK within three Business Days of becoming aware of any modification, amendment or waiver of the Merger Agreement without
such Lenders’ prior written consent that (i) decreases or changes the form of the Merger Consideration in a manner adverse
to the Lenders, (ii) imposes additional conditions to the obligations of the parties to the Merger Agreement to consummate the
transactions contemplated thereby in a manner that materially adversely affects the Lenders, (iii) modifies the conditions of
the obligations of the parties to the Merger Agreement to consummate the transactions contemplated thereby in a manner that materially
adversely affects the Lenders or (iv) extends or otherwise changes the Termination Date (as defined in the Merger Agreement) in
a manner other than as required or permitted by the Merger Agreement. Nothing in this Section 7.6 shall relieve any party
hereto from liability for any breach of this Agreement by such party prior to the termination of this Agreement.

 

 

[Signature
Pages Follow]

 

    6

     

    

 

IN
WITNESS WHEREOF, each of the parties has caused this Agreement to be executed as of the date first above written.

 

	 	AGILETHOUGHT, INC.
	 	 
	 	By:	/s/
    Manuel Senderos
	 	 	Name:	 Manuel Senderos Fernández
	 	 	Title:	Chief Executive
    Officer

 

 

	 	AN EXTEND, S.A. de C.V.
	 	 
	 	By:	/s/
    Manuel Senderos
	 	 	Name: 	Manuel Senderos Fernández
	 	 	Title:	 Chief Executive
    Officer

 

 

	 	NEXXUS CAPITAL PRIVATE EQUITY
    FUND VI, L.P.
	 	 
	 	By:	/s/
    Roberto Langenauer Neuman
	 	 	Name:	 Roberto Langenauer Neuman
	 	 	Title:	 Attorney-in-fact
	 	 
	 	By:	/s/ Ana
    Mercedes Vidal Basagoitia
	 	 	Name: 	Ana Mercedes Vidal Basagoitia
	 	 	Title: 	Attorney-in-fact
	 	 	 	 
	 	 	 	 
	 	BANCO
NACIONAL DE MEXICO, S.A., MEMBER OF GRUPO FINANCIERO BANAMEX, DIVISION FIDUCIARIA, IN ITS CAPACITY AS TRUSTEE OF THE TRUST “NEXXUS
CAPITAL VI” AND IDENTIFIED WITH NUMBER NO. F-173183

	 	 
	 	By:	/s/ Roberto
    Langenauer Neuman
	 	 	Name:	 Roberto Langenauer Neuman
	 	 	Title: 	Attorney-in-fact
	 	 
	 	By:	/s/ Ana
    Mercedes Vidal Basagoitia
	 	 	Name: 	Ana Mercedes Vidal Basagoitia
	 	 	Title: 	Attorney-in-fact

 

    7

     

    

 

	 	BANCO
    NACIONAL DE MEXICO, S.A., INTEGRANTE DEL GRUPO FINANCIERO BANAMEX, DIVISION FIDUCIARIA, COMO FIDUCIARIO DEL FIDEICOMISO IRROVOCABLE
    F/17937-8
	 	 	 
	 	By:	/s/
    Andres Borrego
	 	Name:	Andres Borrego
	 	Title:	Attorney-in-Fact
	 	 	 
	 	By:	/s/
    Manuel Ramos
	 	Name:	Manuel Ramos
	 	Title:	Managing Director

 

    8

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