Document:

Exhibit 10.8

 

FORWARD PURCHASE AGREEMENT

 

This Forward Purchase Agreement
(this “Agreement”) is entered into as of __________, 2022, by and between LatAmGrowth SPAC, a blank check company
incorporated as a Cayman Islands exempted company (the “Company”), and _____________ (the “Purchaser”).

 

Recitals

 

WHEREAS, the Company was
incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities (a “Business Combination”);

 

WHEREAS, the Company has
filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-1 (the
 “Registration Statement”) for its initial public offering (“IPO”) of 13,000,000 Units
(or 14,950,000 if the underwriters’ over-allotment option (the “IPO Option”) is exercised in full) (the
 “Public Units”) at a price of $10.00 per Public Unit, each Public Unit comprised of one of the Company’s
Class A ordinary shares, par value $0.0001 per share (the “Class A Shares,” and the Class A Shares
included in the Public Units, the “Public Shares”), and one-half of one redeemable warrant, where
each whole redeemable warrant is exercisable to purchase one Class A Share at an exercise price of $11.50 per share (the “Warrants,”
and the Warrants included in the Public Units, the “Public Warrants”);

 

WHEREAS, the Company’s
sponsor, LatAmGrowth Sponsor LLC, a Delaware limited liability company (“Sponsor”), has agreed to purchase an
aggregate of 7,900,000 private placement warrants (or 8,680,000 private placement warrants if the IPO Option is exercised in full) at
a price of $1.00 per whole warrant in a private placement that will close contemporaneously with the closing of the IPO (the “Private
Placement Warrants”);

 

WHEREAS, following the closing
of the IPO (the “IPO Closing”), the Company will seek to identify and consummate a Business Combination;

 

WHEREAS, the parties wish
to enter into this Agreement, pursuant to which concurrently with the closing of the Company’s initial Business Combination (the
 “Business Combination Closing”), the Company shall issue and sell to the Purchaser, and the Purchaser shall
purchase from the Company, on a private placement basis, the number of units (the “Forward Purchase Units”)
determined pursuant to Sections 1(a)(ii), (iii) and (iv) hereof, each comprised of one Class A Share (each, a “Forward
Purchase Share”) and one-half of one warrant (each, a “Forward Purchase Warrant”), on
the terms and conditions set forth herein (the Forward Purchase Units, the Forward Purchase Shares, the Forward Purchase Warrants underlying
the Forward Purchase Units and the Class A Shares underlying the Forward Purchase Warrants, the “Forward Purchase Securities”);

 

WHEREAS, proceeds from the
IPO and the sale of the Private Placement Warrants in an aggregate amount equal to 102% of the gross proceeds from the IPO will be deposited
into a trust account for the benefit of the holders of the Public Shares (the “Trust Account”), as described
in the Registration Statement; and

 

WHEREAS, the amounts available
to the Company from the Trust Account (after giving effect to any redemptions of Public Shares) and any other equity or debt financing
obtained by the Company in connection with the Business Combination (the “Available Cash”), together with the
proceeds from the sale of the Forward Purchase Units, will be used to satisfy the cash requirements of the Business Combination, including
funding the purchase price and paying expenses and retaining amounts specified in the definitive agreement for the Business Combination
(the “Definitive Agreement”) to be retained for use by the post-Business Combination company for working capital
or other purposes (the “Cash Requirements”);

 

     

     

    

 

NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

Agreement

 

1. Sale and Purchase.

 

(a) Forward Purchase
Units.

 

(i) Subject to Sections
1(a)(ii), (iii) and (iv), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up
to a maximum of 4,000,000 Forward Purchase Units (the “Maximum Units”) for a purchase price of $10.00 per Forward
Purchase Unit (the “Forward Purchase Price”), or up to a maximum of $40,000,000 in the aggregate. Each Forward
Purchase Warrant will have the same terms as each Private Placement Warrant, and will be subject to the terms and conditions of the Warrant
Agreement to be entered into between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, in connection
with the IPO, mutatis mutandis.

 

(ii) The number of Forward
Purchase Units to be issued and sold by the Company and purchased by the Purchaser hereunder shall be determined as follows:

 

(A) As soon as reasonably
practicable, but in no event less than ten (10) Business Days prior to the Company’s entry into the Definitive Agreement, the
Company shall provide the Purchaser with notice (the “Initial Company Notice”) of the number of Forward Purchase
Units that it desires the Purchaser to purchase pursuant to this Agreement, which shall be equal to its good faith estimate of that number
which, after payment of the aggregate Forward Purchase Price by the Purchaser, will result in gross proceeds to the Company equal to the
amount of funds necessary for the Company to satisfy the Cash Requirements less the Available Cash; provided, however, that such number
shall in no event exceed the Maximum Units. Following delivery of the Initial Company Notice, the Company shall provide the Purchaser
with such other information as the Purchaser (or any applicable Transferee pursuant to Section 4(b) hereof) may
reasonably request so that the Purchaser (or such Transferee) may seek the approval of its investment committee to consummate the purchase
of the Forward Purchase Units hereunder.

 

(B) Within five (5) Business
Days after receipt of the Initial Company Notice, the Purchaser shall provide the Company with notice (the “Initial Purchaser
Notice”) of the decision of its investment committee as to the maximum number of Forward Purchase Units it wishes to purchase
pursuant to this Agreement, if any, which shall not exceed the Maximum Units, which notice shall constitute the binding obligation of
the Purchaser to purchase such number of Forward Purchase Units, subject to the terms and conditions of this Agreement.

 

(iii) At least two (2) Business
Days before the Business Combination Closing, the Company shall provide the Purchaser with an updated notice (the “Final Company
Notice”) including:

 

(A) its determination,
based on the actual number of Public Shares validly submitted for redemption or other changes in the Cash Requirements, of the number
of Forward Purchase Units that it requires the Purchaser to purchase pursuant to this Agreement;

 

(B) the anticipated date
of the Business Combination Closing; and

 

(C) instructions for
wiring the Forward Purchase Price.

 

(iv) In the event that
any Definitive Agreement is terminated or the transaction contemplated thereby is abandoned, the procedures completed pursuant to clause
(ii) and (iii) above to determine the number of Forward Purchase Units to be purchased by the Purchaser in connection with such
Definitive Agreement shall be disregarded and the provisions of clause (ii) and clause (iii) above must be separately completed
for each Definitive Agreement entered into by the Company.

 

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(v) The closing of the
sale of Forward Purchase Units (the “Forward Closing”) shall be held on the same date and concurrently with
the Business Combination Closing (such date being referred to as the “Forward Closing Date”). At least one (1) Business
Day prior to the Forward Closing Date, the Purchaser shall deliver to the Company the Forward Purchase Price for its Forward Purchase
Units by wire transfer of U.S. dollars in immediately available funds to the account specified by the Company in such notice to be held
in escrow until the Forward Closing. Immediately prior to the Forward Closing on the Forward Closing Date, (i) the Forward Purchase
Price shall be released from escrow automatically and without further action by the Company or the Purchaser, and (ii) upon such
release, the Company shall issue the Forward Purchase Units to the Purchaser in book-entry form, free and clear of any liens or other
restrictions whatsoever (other than those arising under state or federal securities laws), registered in the name of the Purchaser (or
its nominee in accordance with its delivery instructions), or to a custodian designated by the Purchaser, as applicable. In the event
the Business Combination Closing does not occur within five (5) Business Days of the date scheduled for closing, the Forward Closing
shall not occur and the Company shall promptly (but not later than one (1) Business Day thereafter) return the Forward Purchase Price
to the Purchaser. For purposes of this Agreement, “Business Day” means any day, other than a Saturday or a Sunday,
that is neither a legal holiday nor a day on which banking institutions are generally authorized or required by law or regulation to close
in the City of New York, New York.

 

(b) Legends.
Each register and book entry for the Forward Purchase Securities shall contain a notation, and each certificate (if any) evidencing the
Forward Purchase Securities shall be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND
MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS. THE SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES REPRESENTED
HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN FORWARD PURCHASE AGREEMENT BY AND BETWEEN THE HOLDER AND THE COMPANY. COPIES
OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.”

 

2. Representations
and Warranties of each Purchaser. The Purchaser represents and warrants to the Company as follows, as of the date hereof:

 

(a) Organization
and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation
and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b) Authorization.
The Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Purchaser,
will constitute the valid and legally binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms,
except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws
of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability
of specific performance, injunctive relief or other equitable remedies, or (iii) to the extent the indemnification provisions contained
in the Registration Rights (as defined below) may be limited by applicable federal or state securities laws.(c) Governmental Consents
and Filings. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with,
any federal, state or local governmental authority is required on the part of the Purchaser in connection with the consummation of the
transactions contemplated by this Agreement.

 

(d) Compliance with
Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement and the consummation by the Purchaser
of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its organizational
documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii) under
any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase
order to which it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation
applicable to the Purchaser, in each case (other than clause (i)), which would have a material adverse effect on the Purchaser or its
ability to consummate the transactions contemplated by this Agreement.

 

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(e) Purchase Entirely
for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s representations to the Company,
which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that the Forward Purchase Securities to be
acquired by the Purchaser will be acquired for investment for the Purchaser’s own account, not as a nominee or agent, and not with
a view to the resale or distribution of any part thereof in violation of any state or federal securities laws, and that the Purchaser
has no present intention of selling, granting any participation in, or otherwise distributing the same in violation of law. By executing
this Agreement, the Purchaser further represents that the Purchaser does not presently have any contract, undertaking, agreement or arrangement
with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to any of the Forward Purchase
Securities. For purposes of this Agreement, “Person” means an individual, a limited liability company, a partnership,
a joint venture, a corporation, a trust, an unincorporated organization, any other entity or any government or any department or agency
thereof.

 

(f) Disclosure of
Information. The Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs and the terms
and conditions of the offering of the Forward Purchase Units, as well as the terms of the Company’s proposed IPO, with the Company’s
management.

 

(g) Restricted Securities.
The Purchaser understands that the offer and sale of the Forward Purchase Units to the Purchaser has not been, and will not be, registered
under the Securities Act of 1933, as amended (the “Securities Act”), by reason of a specific exemption from
the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent
and the accuracy of the Purchaser’s representations as expressed herein. The Purchaser understands that the Forward Purchase Securities
are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, the
Purchaser must hold the Forward Purchase Securities indefinitely unless they are registered with the SEC and qualified by state authorities,
or an exemption from such registration and qualification requirements is available. The Purchaser acknowledges that the Company has no
obligation to register or qualify the Forward Purchase Securities, or any Class A Shares into which the Forward Purchase Securities
may be converted or exercised, for resale, except for the Registration Rights. The Purchaser further acknowledges that if an exemption
from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time
and manner of sale, the holding period for the Forward Purchase Securities, and on requirements relating to the Company which are outside
of the Purchaser’s control, and which the Company is under no obligation and may not be able to satisfy.

 

(h) No Public Market.
The Purchaser understands that no public market now exists for the Forward Purchase Securities, and that the Company has made no assurances
that a public market will ever exist for the Forward Purchase Securities.

 

(j) Accredited Investor.
The Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

3. Representations
and Warranties of the Company. The Company represents and warrants to the Purchaser as follows:

 

(a) Incorporation
and Corporate Power. The Company is a blank check company incorporated as a Cayman Islands exempted company and has all requisite
corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company has no subsidiaries.

 

(b) Capitalization.
On the date hereof, the authorized share capital of the Company consists of:

 

(i) 200,000,000 Class A
ordinary shares, par value $0.0001, none of which are issued and outstanding.

 

(ii) 20,000,000 Class B
ordinary shares, par value $0.0001 per share (the “Class B Shares”), 3,737,500 of which are issued and
outstanding. All of the outstanding Class B Shares have been duly authorized, are fully paid and nonassessable and were issued in
compliance with all applicable federal and state securities laws.

 

(iii) 1,000,000 shares
of preferred stock, par value $0.0001 per share, none of which are issued and outstanding.

 

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(c) Authorization.
All corporate action required to be taken by the Company’s Board of Directors and shareholders in order to authorize the Company
to enter into this Agreement, and to issue the Forward Purchase Securities at the Forward Closing, and the securities issuable upon exercise
of the Forward Purchase Warrants, has been taken or will be taken prior to the Forward Closing. All action on the part of the shareholders,
directors and officers of the Company necessary for the execution and delivery of this Agreement, the performance of all obligations of
the Company under this Agreement to be performed as of the Forward Closing, and the issuance and delivery of the Forward Purchase Securities
and the securities issuable upon exercise of the Forward Purchase Warrants has been taken or will be taken prior to the Forward Closing.
This Agreement, when executed and delivered by the Company, shall constitute the valid and legally binding obligation of the Company,
enforceable against the Company in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights
generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies,
or (iii) to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable federal or
state securities laws.

 

(d) Valid Issuance
of Securities. The Forward Purchase Securities, when issued, sold and delivered in accordance with the terms and for the consideration
set forth in this Agreement, and the securities issuable upon exercise of the Forward Purchase Warrants, when issued in accordance with
the terms of the Forward Purchase Warrants and this Agreement, will be validly issued, fully paid and nonassessable, as applicable, and
free of all preemptive or similar rights, taxes, liens, encumbrances and charges with respect to the issue thereof and restrictions on
transfer other than restrictions on transfer specified under this Agreement, applicable state and federal securities laws and liens or
encumbrances created by or imposed by a Purchaser. Assuming the accuracy of the representations of the Purchaser in this Agreement and
subject to the filings described in Section 3(e) below, the Forward Purchase Securities will be issued in compliance with all
applicable federal and state securities laws.

 

(e) Governmental
Consents and Filings. Assuming the accuracy of the representations and warranties made by the Purchaser in this Agreement, no consent,
approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local
governmental authority is required on the part of the Company in connection with the consummation of the transactions contemplated by
this Agreement, except pursuant to the Registration Rights.

 

(f) Compliance with
Other Instruments. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated
by this Agreement will not result in any violation or default (i) of any provisions of the Company’s certificate of incorporation,
as it may be amended from time to time (the “Charter”), bylaws or other governing documents of the Company,
(ii) of any instrument, judgment, order, writ or decree to which the Company is a party or by which it is bound, (iii) under
any note, indenture or mortgage to which the Company is a party or by which it is bound, (iv) under any lease, agreement, contract
or purchase order to which the Company is a party or by which it is bound or (v) of any provision of federal or state statute, rule or
regulation applicable to the Company, in each case (other than clause (i)) which would have a material adverse effect on the Company or
its ability to consummate the transactions contemplated by this Agreement.

 

(g) Operations.
As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations other
than organizational activities and activities in connection with offerings of its securities.

 

4. Registration Rights;
Transfer

 

(a) Registration
Rights. The Purchaser shall be granted registration rights by the Company with respect to the Forward Purchase Securities underlying
the Forward Purchase Units pursuant to a registration rights agreement to be entered into with the Company, the Purchaser and the holders
of shares issued to the sellers in the initial business combination (the “Registration Rights”).

 

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(b) Transfer.
This Agreement and all of the Purchaser’s rights and obligations hereunder (including the Purchaser’s obligation to purchase
the Forward Purchase Units) may be transferred or assigned, at any time and from time to time, in whole or in part, to one or more affiliates
of the Purchaser (each such transferee, a “Transferee”). Upon any such assignment:

 

(i) the applicable Transferee
shall execute a signature page to this Agreement, substantially in the form of the Purchaser’s signature page hereto (the
 “Joinder Agreement”), which shall reflect the number of Forward Purchase Units to be purchased by such Transferee
(the “Transferee Securities”), and, upon such execution, such Transferee shall have all the same rights and
obligations of the Purchaser hereunder with respect to the Transferee Securities, and references herein to the “Purchaser”
shall be deemed to refer to and include any such Transferee with respect to such Transferee and to its Transferee Securities; provided,
that any representations, warranties, covenants and agreements of the Purchaser and any such Transferee shall be several and not joint
and shall be made as to the Purchaser or any such Transferee, as applicable, as to itself only; and

 

(ii) upon a Transferee’s
execution and delivery of a Joinder Agreement, the number of Forward Purchase Units to be purchased by the Purchaser hereunder shall be
reduced by the total number of Forward Purchase Units to be purchased by the applicable Transferee pursuant to the applicable Joinder
Agreement, which reduction shall be evidenced by the Purchaser and the Company amending Schedule A to this Agreement to reflect each transfer
and updating the “Number of Forward Purchase Units” and “Aggregate Purchase Price for Forward Purchase Units”
on the Purchaser’s signature page hereto to reflect such reduced number of Forward Purchase Units, and the Purchaser shall
be fully and unconditionally released from its obligation to purchase such Transferee Securities hereunder. For the avoidance of doubt,
this Agreement need not be amended and restated in its entirety, but only Schedule A and the Purchaser’s signature page hereto
need be so amended and updated and executed by each of the Purchaser and the Company upon the occurrence of any such transfer of Transferee
Securities.

 

5. Additional Agreements,
Acknowledgements and Waivers of the Purchaser.

 

(a) Lock-up; Transfer
Restrictions. The Purchaser agrees that it shall not Transfer any Forward Purchase Units (or the Forward Purchase Shares and Forward
Purchase Warrants, including the Class A Shares issued or issuable upon the exercise of any such Forward Purchase Warrants) until
30 days after the completion of the initial Business Combination. Notwithstanding the foregoing, Transfers of the Forward Purchase Units
(and the underlying Class A Shares and Warrants, including the Class A Shares issued or issuable upon the exercise of any such
warrants) are permitted (any such transferees, the “Permitted Transferees”): (A) to the Company’s
officers or directors, any affiliates or family members of any of the Company’s officers or directors, any members of the Purchaser,
or any affiliates of the Purchaser; (B) in the case of an individual, 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; (C) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual;
(D) in the case of an individual, pursuant to a qualified domestic relations order; (E) by private sales or transfers made in
connection with any forward purchase agreement or similar arrangement or in connection with the consummation of the Company’s Business
Combination at prices no greater than the price at which the securities were originally purchased; (F) by virtue of the Sponsor’s
organizational documents upon liquidation or dissolution of the Sponsor; (G) to the Company for no value for cancellation in connection
with the consummation of the Company’s initial Business Combination; (H) in the event of the Company’s liquidation prior
to the completion of the Company’s Business Combination; or (I) in the event of the Company’s liquidation, merger, share
exchange or other similar transaction which results in all of the Company’s shareholders having the right to exchange their Class A
Shares for cash, securities or other property subsequent to the completion of the Company’s Business Combination; (J) as a
distribution to limited partners, members or shareholders of the Purchaser; (K) to the Purchaser’s affiliates, to any investment
fund or other entity controlled or managed by the Purchaser or any of its affiliates, or to any investment manager or investment advisor
of the Purchaser or an affiliate of any such investment manager or investment advisor; (L) to a nominee or custodian of a person
or entity to whom a disposition or transfer would be permissible under clauses (A) through (K) above; (M) to the Purchaser
or any Transferee hereunder; (N) by virtue of the laws of the Purchaser’s jurisdiction of formation or its organizational documents
upon dissolution of the Purchaser; and (O) pursuant to an order of a court or regulatory agency; provided, however, that in the case
of clauses (A) through (F) and (J) through (N), these Permitted Transferees must enter into a written agreement agreeing
to be bound by these transfer restrictions. “Transfer” shall mean the (x) sale or assignment of, offer
to sell, contract or agreement to sell, hypothecation, 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 of the Forward Purchase Securities (excluding any pledges in the ordinary
course of business for bona fide financing purposes or as part of prime brokerage arrangements), (y) 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 of the Forward Purchase
Securities, whether any such transaction is to be settled by delivery of such Forward Purchase Securities, in cash or otherwise, or (z) public
announcement of any intention to effect any transaction specified in clause (x) or (y).

 

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(b) Trust Account.

 

(i) The Purchaser hereby
acknowledges that it is aware that the Company will establish the Trust Account for the benefit of its public shareholders upon the IPO
Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or
to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption
and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

 

(ii) The Purchaser hereby
agrees that it shall have no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it
may have now or in the future, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares
held by it. In the event the Purchaser has any Claim against the Company under this Agreement, the Purchaser shall pursue such Claim solely
against the Company and its assets outside the Trust Account and not against the property or any monies in the Trust Account, except for
redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

 

6. NASDAQ Listing.
The Company will use commercially reasonable efforts to effect the listing of the Class A Shares and Public Warrants on the Nasdaq
Global Market (the “NASDAQ”) (or another national securities exchange) at the time of the Business Combination
Closing.

 

7. Forward Closing Conditions.

 

(a) The obligation of
the Purchaser to purchase the Forward Purchase Units at the Forward Closing under this Agreement shall be subject to the fulfillment,
at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may
be waived by the Purchaser:

 

(i) The Business Combination
shall be consummated substantially concurrently with the purchase of the Forward Purchase Units;

 

(ii) The Purchaser and
any applicable Transferee shall have obtained the approval of its respective investment committee to consummate the purchase of the Forward
Purchase Units hereunder as contemplated by Section 1(a)(ii) hereof;

 

(iii) The representations
and warranties of the Company set forth in Section 3 of this Agreement shall have been true and correct as of the
date hereof and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect as though such representations
and warranties had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a
specified date, which shall be true and correct as of such specified date), except where the failure to be so true and correct would not
have a material adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement;

 

(iv) The Company shall
have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement
to be performed, satisfied or complied with by the Company at or prior to the Forward Closing; and

 

(v) No order, writ, judgment,
injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory, or administrative authority
or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be in effect, preventing the
purchase by the Purchaser of the Forward Purchase Units.

 

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(b) The obligation of
the Company to sell the Forward Purchase Units at the Forward Closing under this Agreement shall be subject to the fulfillment,
at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may
be waived by the Company:

 

(i) The Business Combination
shall be consummated substantially concurrently with the purchase of Forward Purchase Units;

 

(ii) The representations
and warranties of the Purchaser set forth in Section 2 of this Agreement shall have been true and correct as of
the date hereof and shall be true and correct as of the Forward Closing Date with the same effect as though such representations and warranties
had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a specified date,
which shall be true and correct as of such specified date), except where the failure to be so true and correct would not have a material
adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement;

 

(iii) The Purchaser shall
have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement
to be performed, satisfied or complied with by the Purchaser at or prior to the Forward Closing; and

 

(iv) No order, writ, judgment,
injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory, or administrative authority
or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be in effect, preventing the
purchase by the Purchaser of the Forward Purchase Units.

 

8.
Termination. This Agreement may be terminated at any time prior to the Forward Closing:

 

(a) by mutual written
consent of the Company and the Purchaser;

 

(b) automatically

 

(i) if the IPO is not consummated
on or prior to twelve months from the date of this Agreement; or

 

(ii) if the Business Combination
is not consummated within 15 months from the closing of the IPO (or up to 21 months, if the company extends the time to complete a business
combination as described in the Registration Statement), or such later date as may be approved by the Company’s shareholders.

 

In the event of any termination
of this Agreement pursuant to this Section 8, the Forward Purchase Price (and interest thereon, if any), if previously
paid, and all the Purchaser’s funds paid in connection herewith shall be promptly returned to the Purchaser, and thereafter this
Agreement shall forthwith become null and void and have no effect, without any liability on the part of the Purchaser or the Company and
their respective directors, officers, employees, partners, managers, members, or shareholders and all rights and obligations of each party
shall cease; provided, however, that nothing contained in this Section 8 shall relieve either party from liabilities or damages arising
out of any fraud or willful breach by such party of any of its representations, warranties, covenants or agreements contained in this
Agreement.

 

9. General Provisions.

 

(a) Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given
upon the earlier of actual receipt, or (i) personal delivery to the party to be notified, (ii) when sent, if sent by electronic
mail or facsimile (if any) during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s
next Business Day, (iii) five (5) Business Days after having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (iv) one (1) Business Day after deposit with a nationally recognized overnight courier, freight prepaid,
specifying next Business Day delivery, with written verification of receipt. All communications sent to the Company shall be sent to:
LatAmGrowth SPAC, Pedregal 24, 8th Floor, Molino del Rey, 11000, Mexico City, Mexico: Attn: Chief Executive Officer.

 

    8 

     

    

 

All communications to the
Purchaser shall be sent to the Purchaser’s address as set forth on the signature page hereof, or to such e-mail address,
facsimile number (if any) or address as subsequently modified by written notice given in accordance with this Section 9(a).

 

(b) No Finder’s
Fees. Each party represents that it neither is nor will be obligated for any finder’s fee or commission in connection with this
transaction. The Purchaser agrees to indemnify and to hold harmless the Company from any liability for any commission or compensation
in the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending against
such liability or asserted liability) for which the Purchaser or any of its officers, employees or representatives is responsible. The
Company agrees to indemnify and hold harmless the Purchaser from any liability for any commission or compensation in the nature of a finder’s
or broker’s fee arising out of this transaction (and the costs and expenses of defending against such liability or asserted liability)
for which the Company or any of its officers, employees or representatives is responsible.

 

(c) Survival of Representations
and Warranties. All of the representations and warranties contained herein shall survive the Forward Closing.

 

(d) Entire Agreement.
This Agreement, together with any documents, instruments and writings that are delivered pursuant hereto or referenced herein, 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.

 

(e) Successors.
All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding upon, and inure to
the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing in this Agreement, express or implied,
is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations
or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

(f) Assignments.
Except as otherwise specifically provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or
obligations hereunder without the prior written approval of the other party.

 

(g) Counterparts.
This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute
one and the same instrument.

 

(h) Headings.
The section headings contained in this Agreement are inserted for convenience only and will not affect in any way the meaning or interpretation
of this Agreement.

 

(i) Governing Law.
This Agreement, the entire relationship of the parties hereto, and any dispute between the parties (whether grounded in contract, tort,
statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York,
without giving effect to its choice of laws principles.

 

(j) Jurisdiction.
The parties (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of New York and to the jurisdiction
of the United States District Court for the Southern District of New York for the purpose of any suit, action or other proceeding arising
out of or based upon this Agreement, (ii) agree not to commence any suit, action or other proceeding arising out of or based upon
this Agreement except in state courts of New York or the United States District Court for the Southern District of New York, and (iii) hereby
waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it
is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution,
that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper
or that this Agreement or the subject matter hereof may not be enforced in or by such court.

 

    9 

     

    

 

(k) Waiver of Jury
Trial. The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant to this Agreement and
the transactions contemplated hereby.

 

(l) Amendments.
This Agreement may not be amended, modified or waived as to any particular provision except with the prior written consent of the Company
and the Purchaser affected by such amendment.

 

(m) Severability.
The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect the
validity or enforceability of the other provisions hereof; provided, that if any provision of this Agreement, as applied to any party
hereto or to any circumstance, is adjudged by a governmental authority, arbitrator, or mediator not to be enforceable in accordance with
its terms, the parties hereto agree that the governmental authority, arbitrator, or mediator making such determination will have the power
to modify the provision in a manner consistent with its objectives such that it is enforceable, and/or to delete specific words or phrases,
and in its reduced form, such provision will then be enforceable and will be enforced.

 

(n) Expenses.
Each of the Company and the Purchaser will bear its own costs and expenses incurred in connection with the preparation, execution and
performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses of agents,
representatives, financial advisors, legal counsel and accountants. The Company shall be responsible for the fees of its transfer agent;
stamp taxes and all of The Depository Trust Company’s fees associated with the issuance of the Forward Purchase Securities and the
securities issuable upon conversion or exercise of the Forward Purchase Securities.

 

(o) Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent
or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of
proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. Any reference
to any federal, state, local, or foreign law will be deemed also to refer to law as amended and all rules and regulations promulgated
thereunder, unless the context requires otherwise. The words “include,” “includes,” and “including”
will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed
to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context
otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,”
and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The
parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party
hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation,
warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has
not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or
covenant.

 

(p) Waiver. No
waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not,
may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in
any way any rights arising because of any prior or subsequent occurrence.

 

(q) Specific Performance.
The Purchaser agrees that irreparable damage may occur in the event any provision of this Agreement was not performed by the Purchaser
in accordance with the terms hereof and that the Company shall be entitled to specific performance of the terms hereof, in addition to
any other remedy at law or equity.

 

    10 

     

    

 

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

 

PURCHASER:  

 

	By:	 	 

	 	Name:	 

	 	Title: 	 

 

COMPANY:

 

LATAMGROWTH
SPAC

 

	By:	 	 

	 	Name: Gerard Cremoux	 

	 	Title:   Chief Executive Officer	 

 

[Signature
Page to Forward Purchase Agreement]

 

     

     

    

 

TO BE EXECUTED UPON ANY ASSIGNMENT AND/OR REVISION
IN ACCORDANCE WITH THIS AGREEMENT TO “NUMBER OF FORWARD PURCHASE UNITS” AND “AGGREGATE PURCHASE PRICE FOR FORWARD PURCHASE
UNITS” SET FORTH BELOW

 

Number of Forward Purchase
Units:

 

Aggregate Purchase Price
for Forward Purchase Units: $

 

Number of Forward Purchase Units and Aggregate
Purchase Price for Forward Purchase Units as of         , 2022, accepted and agreed to as
of this day of         , 2022.

 

	 	PURCHASER

 

	 	By:	 

	 	 	Name: [        ]

	 	 	Title:   [        ]

 

	 	LATAMGROWTH SPAC

 

	 	By:	 

	 	 	Name:

	 	 	Title:

 

     

     

    

 

SCHEDULE A

 

SCHEDULE OF TRANSFERS OF FORWARD PURCHASE UNITS

 

The following transfers of a portion of the original
number of Forward Purchase Units have been made:

 

 

	Date of Transfer	 	Transferee	 	Number of 

Forward

 Purchase

 Units

 Transferred	 	Purchaser
 Revised
 Forward 
 Purchase
 Units
 Amount

 

     

     

    

 

 

TO BE EXECUTED UPON ANY ASSIGNMENT OR FINAL
DETERMINATION OF FORWARD PURCHASE UNITS:

 

Schedule A as of         ,
202[    ], accepted and agreed to as of this day of         , 202[    ]
by:

 

	[            ]
	LATAMGROWTH SPAC

 

	By:	 

	Name:	 

	Title:	 

 

	By:	 

	Name:	 

	Title:Exhibit 10.1

    

  

    
    

    

  

  
    January 12, 2022

    

    

    Mark Thorpe

    (sent via DocuSign)

    

    

    Dear Mark:

    

    

    On behalf of Eargo, Inc., (the “Company”), and following the approval of the
      Company’s Board of Directors, we are pleased to offer you a new position within the Company as Chief Accounting Officer (CAO), effective January 16, 2022.  The details and terms associated with the new position are listed below:

    

    

    	
            Job Title:

          	
            Chief Accounting Officer (CAO)

          
	 	 
	
            Department:

          	
            G&A Accounting

          
	 	 
	
            Reports into:

          	
            Chief Financial Officer

          
	 	 
	
            Employment Type:

          	
            Exempt, Full Time

          
	 	 
	
            Compensation:

          	
            Annual salary of $295,000 that will be paid semi-monthly in accordance with the Company’s normal payroll procedures.

          
	 	 
	
            Incentive/

            Bonus plan:

          	
            You will transition to the 40% bonus plan, which will be paid in accordance to obtaining the goals outlined in plan document.

          
	 	 
	 	
            If you remain in active, continuous employment with Eargo through April 1, 2022 (the “First Retention Date”), then you will receive a one-time, lump sum payment equal to $30,000 (the “First
              Retention Bonus”).  The First Retention Bonus will be paid to you within the next full payroll cycle following the First Retention Date, subject to any applicable tax withholding and any other deductions required by law.

          
	 	 
	 	
            In addition to the above, should you remain in active, continuous employment with Eargo through July 1, 2022 (the “Second Retention Date”), then you will receive a one-time, lump sum payment equal
              to $30,000 (the “Second Retention Bonus”).  The Second Retention Bonus will be paid to you within the next full payroll cycle following the Second Retention Date, subject to any applicable tax withholding and any other deductions required by
              law.

          

     

      

    
      
        

    

    	
            Benefits:

          	 
	 	
            Eargo will reimburse you up to $25,000 to cover the expenses of an approved professional training program upon successful completion.  Should you voluntarily leave Eargo within 12 months of your
              completion date, you agree to repay Eargo any such reimbursement amounts in full upon your termination date.

          
	 	 
	 	
            All other Company benefits and your benefit eligibility remain unchanged with your change in position.

          

     

    Sincerely,

    

    

    /s/ Christian Gormsen

    Christian Gormsen

    Chief Executive Officer

    

    

    Agreed to and accepted:

    

    

    	
            Signature:

          	
            /s/ Mark Thorpe

          

    

    

    	
            Printed Name:

          	
            Mark Thorpe

          

    

    

    	
            Date:

          	
            January 12, 2022

          

    
      

      

      

      

      2

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